It is a journey that only when we are truly in it can we understand how emotions change.
I remember when I bought bitcoin and held it in the past, I really wasn't too busy looking for big profits, and actually took my profits very early, but I never regretted the decision. If I had more experience, I wouldn't actually sell the bitcoins I bought, but that journey helped me learn many things and gave me many other opportunities. So I just want to describe to those who don't have experience just act as you want, no matter what the result is, it's your choice, and the accumulation of knowledge will help you realize the opportunity society always exists at all times.
Topic: Just hodl, bitcoin will do the silencing. - page 3. (Read 643 times)
Like everyone else yesterday, I enjoyed watching this insane bitcoin rally up. But as a bitcoin holder, I don't understand these calls to hold bitcoin until the last. People who urge to do this then discover that the price has become 16 thousand dollars, and they have not transferred any part of bitcoin to stablecoins at local highs. I have fixed most of the bitcoin in the usdt and I do not regret it at all. However, greed does not lead to good results.
I don't believe in the word greed when it comes to investment, especially in Bitcoin. Investors have targets and are willing to take risks, so it might be convenient to replace the word greed with risk. Even if the investor fails to make a profit in this current bull run, one can wait for another four years. It might be convenient for you to take your profit now, but only the high-risk takers make the biggest profit. How the tides changhed for him. Before in the bear market, people were creating threads on the forum and posting on other social media platforms how Bukele is a dumb president who is wasting a small nation's money for his own benefits and now, we have him being praised as one of the innovator for being the first nation of accepting Bitcoin as a Legal Tender. Everything is great in a bull run, real colors are visible in the bear market.
There were so many analyses of how his investment in Bitcoin has improvised his country because they felt that the money would have been invested in basic amenities. Now even his critics are praising his courage and persistence. Even the IMF that came up with diverse doomsday predictions are now silent. Surprisingly, Bukele has no plan to sell the country's Bitcoin hodling in this bull run. 
If El Salvador sells their Bitcoins, they will gain that huge profit but I don't think that was in the mind of the President. Therefore, they don't earn that yet.
Well, we could use that example that holding Bitcoin really makes sense but I don't encourage holding forever as we're not making any profit from it.
I doubt the Salvadoran President plans to hold forever, even gold or dollars people don't hold it forever but for a duration, so am guessing the man's timing hasn't yet ripen and that's why he's bend on holding even after a 40% profit has been made. That 40% profit in figures might be a huge profit for you but in his position maybe it's just the starting point since the halving and the bull run is still in the tunnel he would want to make more before taking profits.Well, we could use that example that holding Bitcoin really makes sense but I don't encourage holding forever as we're not making any profit from it.
Today I read about the news of El Salvador bitcoin hodling
Sometimes back when bitcoin price was that low ($16k) a few investors if not many felt discouraged with a flinching desire to sell in fears that the price might keep getting low and addition to the lies and negative rumors from bitcoin haters about bitcoin falling further low even to zero, these lies made many bitcoin holders to hurriedly sell even at a lost.
That is one of the reason many investors left bitcoin because of speculation. Wrong Speculation has decieved many people and kept them in a stagnating condition of not progressing. The history of Bitcoin has tough many to HODL and never give up. Good things take time to achieve, but due to curiosity of quick wealth is making people to loose there opportunity. Good things take time to achieve so HODling bitcoin for long is only the way to achieve the mistake people have made before. If any body bought Bitcoin and sold due to wrong speculation I think buying now and holding for long is the only way to pay the price of the previous ignorant.Sometimes back when bitcoin price was that low ($16k) a few investors if not many felt discouraged with a flinching desire to sell in fears that the price might keep getting low and addition to the lies and negative rumors from bitcoin haters about bitcoin falling further low even to zero, these lies made many bitcoin holders to hurriedly sell even at a lost.
Take a critical check, you will observe a lot of persons that sold at that $16k lacked all of the above.
Today I read about the news of El Salvador bitcoin hodling
Sometimes back when bitcoin price was that low ($16k) a few investors if not many felt discouraged with a flinching desire to sell in fears that the price might keep getting low and addition to the lies and negative rumors from bitcoin haters about bitcoin falling further low even to zero, these lies made many bitcoin holders to hurriedly sell even at a lost.
That is one of the reason many investors left bitcoin because of speculation. Wrong Speculation has decieved many people and kept them in a stagnating condition of not progressing. The history of Bitcoin has tough many to HODL and never give up. Good things take time to achieve, but due to curiosity of quick wealth is making people to loose there opportunity. Good things take time to achieve so HODling bitcoin for long is only the way to achieve the mistake people have made before. If any body bought Bitcoin and sold due to wrong speculation I think buying now and holding for long is the only way to pay the price of the previous ignorant. Sometimes back when bitcoin price was that low ($16k) a few investors if not many felt discouraged with a flinching desire to sell in fears that the price might keep getting low and addition to the lies and negative rumors from bitcoin haters about bitcoin falling further low even to zero, these lies made many bitcoin holders to hurriedly sell even at a lost.
I think all bitcoin investors needs to take a leaf and learn from Bukele's firmness and resolve to HODLing even under strong press, criticism from the so-called experts. Today everyone is praising him for for holding firm.
Remember this; bitcoin will always silent the critics, our role is to just hold patiently strong.
Remember this; bitcoin will always silent the critics, our role is to just hold patiently strong.
Some people take the wrong path in their investments, and most only take short-term investments and panic when prices fall sharply without knowing what is actually happening, as has been felt by the country under the leadership of the President of El Salvador, Bukele and exactly what you understand at the moment El Salvadorans made a 40% profit on their bitcoin investment with the halving almost happening before their eyes.
Yes, we know that, friend, but for some people they think BTC investment is the same thing, especially if we want to join this market, at least we understand it.
El Salvador has made such impressive progress with Bitcoin. They have been able to turn around the economic future of their country and it leaves me one wondering why don't other countries of the world that are in an economic mass not taking a leaf from El Salvador. These countries should take all Salvador as a case study for how they should improve on their own economy.
Indeed visionary leaders make great people. The citizens of El Salvador who are now bitcoin supporters on great people. Someday when their country is great and better than the economies of the world they would have to celebrate the turning points when they're president passed the crypto law.
Indeed visionary leaders make great people. The citizens of El Salvador who are now bitcoin supporters on great people. Someday when their country is great and better than the economies of the world they would have to celebrate the turning points when they're president passed the crypto law.
If El Salvador sells their Bitcoins, they will gain that huge profit but I don't think that was in the mind of the President. Therefore, they don't earn that yet.
Well, we could use that example that holding Bitcoin really makes sense but I don't encourage holding forever as we're not making any profit from it.
Buy, Hold, and SELL -- this is how it works. But El Salvador has another reason for the accumulation of Bitcoin and that is for their future currency, not like the intent of casual investors.
This is an eye-opening for doubtful people, impatience people gain less while holders get more. Of course, we can choose where we become comfortable but it was advised to trust our investment.
Well, we could use that example that holding Bitcoin really makes sense but I don't encourage holding forever as we're not making any profit from it.
Buy, Hold, and SELL -- this is how it works. But El Salvador has another reason for the accumulation of Bitcoin and that is for their future currency, not like the intent of casual investors.
This is an eye-opening for doubtful people, impatience people gain less while holders get more. Of course, we can choose where we become comfortable but it was advised to trust our investment.
The issue is to make profitable, El Salvador for example is not an individual entity that can do Hodl indefinitely, in fact no one is going to do it, for now the only one is SN, so, we should all eventually sell, consequently a public institution has to invest in the social aspect.
A social investment cannot wait for a Halving and/or another ATH. That is, since eventually we are on the rise, but the decline will happen and it will be hard, and that is where those who denigrate come out again, they are like the volatility of bitcoin, they only appear, not worry, Hodl.
A social investment cannot wait for a Halving and/or another ATH. That is, since eventually we are on the rise, but the decline will happen and it will be hard, and that is where those who denigrate come out again, they are like the volatility of bitcoin, they only appear, not worry, Hodl.
El Salvador President, Bukele was exempted, critics made a lot of noise in the media with many articles about El Salvador's bitcoin investment heading to a loss but the Salvadoran President didn't deter in his resolute not to sell but resolved to keep holding not listening to all the critics. Today El Salvador is 40% in profit in their bitcoin investment as bitcoin price keeps rising, 40% when the halving has yet occured, and the next ATH not yet hit, how much more when it all does.
I think all bitcoin investors needs to take a leaf and learn from Bukele's firmness and resolve to HODLing even under strong press, criticism from the so-called experts. Today everyone is praising him for for holding firm.
Remember this; bitcoin will always silent the critics, our role is to just hold patiently strong.
Reading what President Bukele faced made me reflect of a really similar situation, the one of Michael Saylor, who went thru the same critics and mockeries from everybody.
And what about now ? He finally received the respect he deserved.
I think that President Bukele and Michael Saylor actions will mark history, and this will be a catalyst for dozen, then hundreds followers who will implement the same strategy in the future.
Any country's President, who is willing to help his country to climb out of poverty and misery will have a clearer path to a brighter future, the same path of President Bukele.
Any productive business that do create value and useful products and services to society will have a way to solidify its foundation by following the same path as Saylor did.
From 0's to genius. From mockerys to congratulations.
How the tides changhed for him. Before in the bear market, people were creating threads on the forum and posting on other social media platforms how Bukele is a dumb president who is wasting a small nation's money for his own benefits and now, we have him being praised as one of the innovator for being the first nation of accepting Bitcoin as a Legal Tender. Everything is great in a bull run, real colors are visible in the bear market.
True as the same people will start criticizing not only those who have invested into Bitcoin but also Bitcoin itself stating it's a bubble, we have seen this in previous bear market is well nothing can change even in the future but since most people will be aware how the crypto market especially Bitcoin works they should be able to take right decision looking at the historical data.
Mark my words even after this bull run when there is a correction phase you will see lot of fuds about Bitcoin and as you mentioned that's when the true color will be displayed and that's when we will get to know how mature the users and their mindsets are.
Today I read about the news of El Salvador bitcoin hodling investment yielding about 40% profit and i had to imagine that 40% in figures in contrast to the amount of dollars El Salvador hold in BTC.
Their investment hasn't yielded anything until they sold it for fiat money - it's only potential gain that they need to take. If Bitcoin will peak at $100k and crash to $35-40k and they would still hodl, they would just sit on a net zero unrealized gain.
It applies to all holders. Most people won't take profits and will have to wait many years for another opportunity to take large profits, even though it's much more profitable to sell during every bull run and buy during ever bear run.
I think all bitcoin investors needs to take a leaf and learn from Bukele's firmness and resolve to HODLing even under strong press, criticism from the so-called experts. Today everyone is praising him for for holding firm.
Remember this; bitcoin will always silent the critics, our role is to just hold patiently strong.
But indeed with the firmness he did I agree with you because he confidently said that this would be profitable even though previously bitcoin was at the bottom and a lot of criticism was directed at him even from the community he led but he remained firm with his decision.
Now I think there will be some different views especially with bitcoin that has approached ATH before then it's time for Bukele to laugh and prove that his decision was right to adopt bitcoin.
Bitcoin still has risks and we have to always remember that going in to this investment.
We have to mitigate these risks by assessing market movements before buying and checking the best possible entry points. We also should try to set up a definite goal and have clear objectives so that we do not easily swayed by FOMO. I agree that we should just invest in crypto and stop worrying too much however we also have to still be smart when investing.
Bitcoin is a great investment but losses are still possible and that is the reality of that. Anyway, I hope El Salvador’s President serve as an inspiration to a lot. Hoping that this move allows the general public to believe and trust bitcoin.
We have to mitigate these risks by assessing market movements before buying and checking the best possible entry points. We also should try to set up a definite goal and have clear objectives so that we do not easily swayed by FOMO. I agree that we should just invest in crypto and stop worrying too much however we also have to still be smart when investing.
Bitcoin is a great investment but losses are still possible and that is the reality of that. Anyway, I hope El Salvador’s President serve as an inspiration to a lot. Hoping that this move allows the general public to believe and trust bitcoin.
While investing in Bitcoin, don't just pay attention to FUDs; avoid overinvesting beyond your budget; always remind yourself that it is not yet a bull market; note that Bitcoin halving is real, and when it happens, it will cause the price of Bitcoin to pump no matter how much the price might have fallen. Also, remind yourself that if you can't hold for a long time, you will not make a profit. If an investor actually follows all the right steps in investing in Bitcoin, they will definitely make a profit during the bull market. There is no need to even get frightened during the bull market because it's already known that such a period causes the market to bleed, so why give a fuck damn ear to FUDs?
If we want to be successful in life, then we had better begin to learn on how to shut the listening hears to haters, who will do nothing than condemnation and mind poisoning towards anything that has a future prospect, this is sometimes because they are not in same position of going for what we are doing or because they don't want he best for us to achieve, but we are taking our risk and every efforts needed to make something different from the usuals and see that the change we ever wanted come to pass through this same risk.
Under President Bukele, El Salvador's Bitcoin journey is about commitment, not numbers. The world shouted sell, but they held. And now 40% profit! Its not just about the numbers; its about sticking to one's beliefs despite overwhelming odds.
I've experienced Bitcoin's ups and downs and public opinion's storm. We stand strong, justified by our patience and trust in what many continue to misunderstand. I believe in a financial system without traditional flaws, so Bitcoin is more than an investment. El Salvador's narrative confirms Bitcoin's untapped potential. Critics and detractors have been proven incorrect repeatedly. Bitcoiners remain steadfast in our vision.
I've experienced Bitcoin's ups and downs and public opinion's storm. We stand strong, justified by our patience and trust in what many continue to misunderstand. I believe in a financial system without traditional flaws, so Bitcoin is more than an investment. El Salvador's narrative confirms Bitcoin's untapped potential. Critics and detractors have been proven incorrect repeatedly. Bitcoiners remain steadfast in our vision.
Bukele is a great president, he changed El Salvador by reducing criminal rates, reducing unemployment rates, increase the GDP rate, and brave enough to accept Bitcoin as legal tender despite many retired people complaining about Bitcoin.
We can learn from Bukele, but remember with our current conditions.
Bukele is investing in Bitcoin using El Salvador's remaining money, so if you (everyone) don't have enough money and you're still struggle to fill your monthly needs, don't be stupid to use that money to buy Bitcoin.
They don't have to be told, they will end up quitting in the middle of the journey, because they need means of surviving, bitcoin investment is not for everybody, because you can't hold in peace if you are still struggling to eat your food daily, and sometimes emergencies do happen. We can learn from Bukele, but remember with our current conditions.
Bukele is investing in Bitcoin using El Salvador's remaining money, so if you (everyone) don't have enough money and you're still struggle to fill your monthly needs, don't be stupid to use that money to buy Bitcoin.
Since you are jobless and have no source of income, how will you take care of yourself? The solution is to find something else to do first, start making some money then start saving up, once things start getting better, enough that you are able to have some emergency fund, then you should be able to afford investment.
Like everyone else yesterday, I enjoyed watching this insane bitcoin rally up. But as a bitcoin holder, I don't understand these calls to hold bitcoin until the last. People who urge to do this then discover that the price has become 16 thousand dollars, and they have not transferred any part of bitcoin to stablecoins at local highs. I have fixed most of the bitcoin in the usdt and I do not regret it at all. However, greed does not lead to good results.
It should be always your best choice when it comes to investment, especially in the crypto industry where opportunities to sell your crypto assets at high prices are not often available. You need to decide what's best for you without any decision to risk more just because you want to earn more than what you can earn today. But most investors are risk takers and they just want to sell their cryptos at their ATH if possible, so probably, more people will gonna wait for the price to rise even more rather than selling it today because they just want to feel the excitement for another ATH to sold their bitcoins at the highest price possible.
~snip~
I think all bitcoin investors needs to take a leaf and learn from Bukele's firmness and resolve to HODLing even under strong press, criticism from the so-called experts. Today everyone is praising him for for holding firm.
Remember this; bitcoin will always silent the critics, our role is to just hold patiently strong.
I think all bitcoin investors needs to take a leaf and learn from Bukele's firmness and resolve to HODLing even under strong press, criticism from the so-called experts. Today everyone is praising him for for holding firm.
Remember this; bitcoin will always silent the critics, our role is to just hold patiently strong.
I think too much importance is given to one man as if he should have some great merit because he passed the law according to which Bitcoin became legal tender in El Salvador, and at the same time it didn't help ordinary people who don't want to use Bitcoin anyway. In addition, it does not take much courage to introduce Bitcoin into your financial system if that country has not had its own national currency for more than 20 years.
What Bukele realized a few years ago, others realized a long time ago - the real "geniuses" are those who believed in Bitcoin 10+ years ago while the whole world laughed at them.
Bukele is a great president, he changed El Salvador by reducing criminal rates, reducing unemployment rates, increase the GDP rate, and brave enough to accept Bitcoin as legal tender despite many retired people complaining about Bitcoin.
We can learn from Bukele, but remember with our current conditions.
Bukele is investing in Bitcoin using El Salvador's remaining money, so if you (everyone) don't have enough money and you're still struggle to fill your monthly needs, don't be stupid to use that money to buy Bitcoin.
In terms of personality, steadfastness and confidence, Bukele needs to be given a thumbs up. He showed his entire existence to the world that Bitcoin was not just empty talk but by proving that his country system was listed as a country that was harvesting wealth. It is not easy to instill a stance like this, especially since Bukele is the leader of a country and he is risking his citizens in one decision to take Bitcoin. At least we as individuals who also have a few sats must have more confidence because even if we experience losses it will not be as severe as El Salvador. But I don't think that will happen. I believe that this year is entering a super mega Bullish market.We can learn from Bukele, but remember with our current conditions.
Bukele is investing in Bitcoin using El Salvador's remaining money, so if you (everyone) don't have enough money and you're still struggle to fill your monthly needs, don't be stupid to use that money to buy Bitcoin.
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