Topic: Just hodl, bitcoin will do the silencing. (Read 643 times)

It actually happens in all cases that if something is started first many people criticize it. As we have seen from El Salvador, when the El Salvador government bought and invested in Bitcoin, Nayib Bukele was criticized by many people, but the El Salvador government ignored the criticism of those critics and increased the Bitcoin investment. Today El Salvador is profiting more than 40% from every bitcoin All those critics who had negative criticism about him today started positive criticism about him. So it's better to go your own way without paying attention to who criticized what before you start, when you succeed, everyone will criticize you positively.

Their are people who still think in such manner but that should not limit our purchasing mindset. We know for sure no matter the DIP which Bitcoin market experience their is always a bounce, instead we take advantage of every DIP to accumulate more.

These types of people deserve what's coming for them, the price dumps in bitcoin has been a thing ever since and the FUDsters have been selling the same "bitcoin is doomed" narrative every time bitcoin drops significantly in prices, and if you still fall for that kind of FUD, you almost always gets what's coming to you because there ain't no way that you'd never learn from listening to their narratives and doom prophecies the first time that you've heard about it. Whenever these types of people are popping up from time to time, that's the time that I'd know that I'd be getting my focus into getting more fiat because I know that a lot of gullible people are going to sell their bitcoins again thus lowering the prices even more, they're sort of my infinite money glitch because they make my fiat get more value when I buy bitcoin.
Don't need to take inspiration, just be smart and understand common sense that bitcoin is here to stay and that it's a volatile asset so it should never be a surprise to someone that it can dump it's prices in half.

Just this concluded bear market that bitcoin fall to the bottom of 15k many people said a lot concerning bitcoin that it has crashed, it won't rise in value again but today see where the value of bitcoin has gotten to . Whenever the  price of bitcoin falls to the bottom people always have what to say about bitcoin and if you are not careful and you listen it can make one to be discouraged,  expecially the beginner ls thst are not very used to bitcoin market.

But have you ever thought that the people who always speak ill of bitcoin are the ones who secretly buy the most bitcoin? I've been thinking about this, I think they know the potential of bitcoin and they don't want everyone to own bitcoin except them. So, the best tactic is to spread negative news about bitcoin so that people stay away from it but still silently buy it regularly. That's why I never bother or try to argue with those who spread negative news about bitcoin. We really don't know what their real goals are, so try not to fall victim to them.

This is very true, because a few years ago... MANY of my friends had negative things to say about Bitcoin ... when the price dropped significantly.

I had to hear that Bitcoin was just a Ponzi scheme and that it will collapse soon, but Bitcoin once again proved them wrong.

Thank you to all my fellow hodlers... it is amazing to celebrate with you.

Completely well spoken @op, I also saw that tweet of the El Salvador president, I think some time last week, and indeed, it was appetizing and very encouraging, previous Binance CEO in the person of CZ, said it all when he made it clear in one of his tweets that "you can't and won't get rich if you can't hold".

Many people prefer to trade, that is, buying and selling, this I personally have done in the past, and from my personal experience, I've learnt that buying and holding is much more better, I remember a time I bought and sold some coins in their thousands for small profit, but when some of those coins rose in their prices, I could no longer buy the same coins in their thousands because my money was not enough.

So, our experiences and the experiences of many others should serve as a lesson to us and to people out there that, buying when the price is down, and holding all through the bear market, in anticipation of the bull market which will always come, is indeed the most genuine way to make good money in bitcoin and crypto currency at large.

Hold is Gold.

That's why we need knowledge about Bitcoin, because high volatility can benefit us or vice versa. remember that whoever can take advantage of the moment will be the winner, and of course managing psychology is not easy, considering that there will be many obstacles that must be faced, this happens not only during the bearish season, but also during the bullish season, which is our greed tested

It is no longer affecting us that we've been here for so long. All of those negativities and FUD that we've heard before, compile them all and we're no longer affected.

The point is that, many newbies that have invested recently to Bitcoin. Upon hearing some bad news and FUD, they're already in panic but they're in the process so that's a normal thing to understand from them.

When they don't experience that, they're not going to grow so while having these will totally disappoint them. They just have to enjoy and trust the process.

The roller coaster ride and the volatility factor are actually the major factors why a lot of people are into this market. However, they are also the reason why a lot of people are in panic mode once they are seeing the price is going down. But if you are seriously here in this market, you will learn the ropes and understand how you can take advantage of the market.

yups, DCA will only work effectively for the long term, but utilizing DCA for the short term is also a trick that can be applied.
Like scalping trading with the stacking method combined with DCA, I often do it for short-term trading so that purchases gradually + increase the number of purchases from previous purchases.

DCA with premium sets such as Bitcoin or ETH is dedicated to the long term, but it does not always have to be applied to one condition only.
Bukele is a real example of DCA actually, applying it for the long term and continuing to buy gradually, making it have more profit and the average purchase price will be better.

They are the true embassador of Bitcoin indeed, and they as a nation holding and co-existing with Bitcoin is also proof to others that this feat is actually possible. Bitcoin itself now is used mainly because of its ability to be utilized as an investment means so anyone without the intention of holding their coins is probably just doing himself because he will be filled with regrets when others are actually enjoying the fruits of their labour.

I think everyone knows that bitcoin always has a moment where the price will go up, learning not only from Bukela but from looking at the history of the cycle of how it happened and this will certainly continue to repeat itself today.

HODL is the best way to make a profit and silence those who criticize us for investing in bitcoin, but I know in the end those who criticize it will be silent and regret why not put their money in bitcoin.

All obstacles in HODL bitcoin are not easy, you will be presented with a lot of negative news when the price drops, but when you are strong and patient in dealing with it all especially having experience then of course it will be better to stay afloat.

El Salvador and Bukele's story is new, and Bitcoin has done this way before with press, media, and influencers when Bitcoin started growing in its initial days and they all started calling it names such as a criminal currency, a bubble, and whatnot, however, they were all proved wrong when Bitcoin didn't burst as they were expecting and saying, and they were all ashamed of their claims and regretted what they did instead of adopting Bitcoin earlier.
So this is not the first time when Bitcoin has silenced the critics and it has been doing that from the beginning and definitely, those who keep patience and hold their assets won't regret it in the long run.

Since the existence of bitcoin, their have been so much talk about bitcoin that it is not going far, it will crash along the line. But with all the hate speech about bitcoin still it is going far and still getting more recognition. It is so interesting that bitcoiners we understand bitcoin well and haters thinks their bad talks about bitcoin will make investors to quit investing in bitcoin.  Bitcoin is a good investment and holders will keep hodling Bitcoin.

Anyone coming into Bitcoin without making up his mind to hodl Bitcoin may not fully realize the potential in Bitcoin. We have seen the importance of hodling just from last year to this time as Bitcoin have shown the potential at yielding profits once again. From the low of 2023 to the present point we are now, those who bought and held till now should be swimming in good profits. The example of El Salvador you gave where the country's Bitcoin portfolio is in 40% profits is a good case of the beauty of hodling. Developing the mindset of a hodler and subduing the negativities is one skill all Bitcoin investors must cultivate. Kudos to Bukele and the people of El Salvador for being worthy ambassadors of Bitcoin.

Well, the DCA includes holding. It would not make sense to buy at regular intervals only to sell after a short time.

As I have said in other threads, DCA only makes sense with premium assets, such as Bitcoin. In this case Bukele has been confident from the start that Bitcoin is such an asset and that time was going to put the price in place. The (unrealized) profits of now are a simple result of that.

To me the negativity and bad vibes haters channels to Bitcoin doesn't surprise me that much, because I believe that in this life, if you are destined for greatness, there would be so many people wanting to fight you for no just cause, and I also sees it as an advertising they are ignorantly doing for Bitcoin, because the more they fight Bitcoin and discredit it, the more popularity it gains, and the ability for Bitcoin to always rally back is one of it unique futures that I find really attractive the most, cheers to all Bitcoineer.

This is because of their consistency to keep buying when prices get cheaper.
The most obvious example that I followed from the beginning was that El Salvador always confidently bought Bitcoin,
even though many people said that El Salvador would lose money because they were buying too much at high prices.

But in reality, El Salvador continues to buy at any price consistently.
It's been a long-term investment led by Nayip, so look how now, El Salvador has tremendous profits from its Bitcoin investment.

Other countries seem to have to follow El Salvador's lead.
The power of HODL in investment combined with DCA will have a tremendous effect.

Their official currency is still USD, bitcoin is only considered a reserved currency. But if they want to buy or sell using bitcoin as a currency, the state is allowing it as well. It’s just that Bukele is a silent investor in bitcoin and he uses his power to introduce bitcoin to his country and later on adopted it. Although bitcoin never receive appreciation in the start, but I think seeing how rapid the price growth of bitcoin, people have learned to love bitcoin not just as a currency but a profitable tool for investment as well.

See two big examples for power of HODL Bitcoin.

https://saylortracker.com/
https://nayibtracker.com/

They are getting good profits by investing and hodling Bitcoin. MicroStrategy gets $5.5B and El Salvador gets $55.5M with their Bitcoin investments. They started their investments in Bitcoin since 2020 (MicroStrategy) and 2021 (El Salvador).

You can use DCA website tools to see the power of HODL with longer hodling time.
https://dcabtc.com/
Or with the ROI chart.
https://casebitcoin.com/charts#roi_chart

Well, we must always delimit and rely on a discourse that is in line with realities, because although we are there on the cusp of a new ATH, three long years have passed, so what you mention in the quote has its parameterization.

The power of HODL
And in fact, while many countries at that time were moving away from Bitcoin because the price continued to fall drastically in the lead up to and during the bearish era, El Salvador became a country that became even more enthusiastic about promoting Bitcoin and buying it in very large amounts at that time. Even though there has been a lot of debate, at least El Salvador really understands the key investment of Bitcoin, HODLING. And now, they are just waiting for the time to do it until a certain target. They understand exactly what they are going to do and are doing. And this can really be one of our considerations when we want to invest more in Bitcoin. Just hold, keep patient, and never panic when holding Bitcoin.

I know everyone, including me, will give credit to Bukele since he is in profit. But when he was at a loss, we talked a lot and judged him in many ways. But it's good to see he wasn't scared, and still he is holding the bags. A lot of people, even me, missed Bitcoin in the $16K zone, and I don't think we will ever see Bitcoin at that price again. Doesn't mean I don't trade; I bought and sold a couple of times to take advantage of the volatility but failed to catch the long run. Bitcoin actually proves a lot of times that holders don't regret it eventually. 

I think not that most of these critics against bitcoin investors are unaware of the historical pasts about how bitcoin has at different moment's proven itself as a digital currency to bank on and hodl but it's just that they fear the power of bitcoin as a decentralized currency taking away that centralized authority and regulatory power from them (making them irrelevant)  and giving it to the people to take charge of their finances and,

with the privacy it provides they fear to lose the monitoring influence/access they possess to be taken away from them and for that they just wan t to use every propaganda within their reach to discourage a rapid adoption to bitcoin. It's a simple logic for us who are looking inwardly to understand these things.

People can now praise things they used to criticize. Investing is risky, but those who take this risk can achieve their goals. These people, who were criticized by many people, are now praised by many people with the earnings they have achieved.

Bitcoin has proven itself many times. Even though this is known, I have always found the criticisms against people investing in Bitcoin unfair. Bitcoin does not mislead people who invest in Bitcoin and enables them to achieve their goals. Bitcoin proves itself once again and continues to prove its investors and those who trust Bitcoine right.

The recent surge in the price of Bitcoin has brought renewed attention to El Salvador's controversial decision to adopt it as legal tender in 2021. While the potential for significant profit is undeniable, as evidenced by the country's reported gains, it's crucial to approach this situation with a balanced and nuanced perspective.

If Bitcoin's value continues to appreciate, El Salvador could see a substantial financial windfall. These profits could be directed towards crucial areas like infrastructure development, social programs, and public services, potentially leading to improved living standards for its citizens. Bitcoin's decentralized nature could offer individuals without access to traditional banking systems a pathway to financial inclusion. This could have a significant positive impact on a nation like El Salvador, where a portion of the population remains unbanked. Bitcoin's price is notoriously volatile, experiencing significant fluctuations. This inherent risk could lead to substantial financial losses for El Salvador if the price plummets.

El Salvador's experiment with Bitcoin as legal tender represents a bold and innovative approach to economic development. It's a calculated gamble with the potential for substantial rewards, but one that also carries inherent risks. Observing and evaluating the long-term consequences of this decision will be crucial for other nations contemplating similar paths and for understanding the broader implications of widespread crypto adoption within national economies.

From a positive point of view, Bukele is a great president. His silence towards criticism that came from those who considered him based on negative assumptions was refuted by action, not by issuing a statement of defense, either by himself directly or from his ministers, using all his powers, including all the media.
His principles and actions can be an example for other leaders in running a country with concepts that are in line with the mission for the progress of the country in many fields.
For us, the most prominent areas are the level of security (crime) and the economy (investment).

I remember when El Salvador adoption was ridicule and Microstrategy Micheal Saylor was struggling to impress people on the TV show of his Bitcoin adoption but look at it today, they are now sitting on billions of profits and Bitcoin halving is not here yet and the bull run is yet to started. If bull run comes and Bitcoin made it to another all time high, they will profit heavily on their investment like no any other investment can give them such kind of return on investment.

My only worry is what is going to happen with the bitcoin they have bought and invest in. Nobody continue to invest forever, a point of sale will come and Bitcoin market is very reactive to when investors want to sell their Bitcoin. However, if the continued to hold, it will help the market in the long run.

We can see that the price of Bitcoin keeps skyrocketing and those that have Bitcoin keep seeing huge value added to their holdings. That is how we should keep going and seeing values added to our Bitcoin. We could make money from just holding Bitcoin because the market is bull already. Very soon the price of Bitcoin would reach the previous high and that would be the continuation of the previous bull that we experienced in 2020. There is lot of benefits for us to keep going our assets. It might look uneasy especially for those of us that don't have plenty of income investments that is giving enough money for us to invest in Bitcoin.

This is paper profit. I have not heard of El Salvador selling this holding bitcoins and taking a profit. And if the bitcoin's price falls (and this often happens in a very volatile cryptomarket) by the same 40%, will it turn out that El Salvador received losses or not?

It is clear that the example you gave should encourage BTC-holders to show perseverance in holding bitcoin, but in the case of El Salvador, there is not much time in the past to evaluate the correctness of President Bukele s decision. This story is still far from over and it is unknown how the choice made by the president will affect the fate of the entire country and its inhabitants. This is a very big responsibility. It’s completely different from what happens with individual investing.

It would be stupid if he US because it will cause a chaos.

Will every businessmen, civil servant and any other El Salvadorian agree to update the price of their goods and services for every second? right now a big mac cost 0,000016 BTC, two minutes later it decrease to 0,000015 BTC, three minutes later it back to 0,000016 BTC, ten minutes later it increase to 0,000017 BTC.

If they didn't update the price, the poor will not able to survive and they will make noises.

On average, success and profits can indeed be achieved when someone is able to understand the risks and dares to take risks to do this (investing in Bitcoin). Because without going through this process, it is certainly impossible to expect profits, so it is true as you said that any investor must have truly mature readiness if they want to take an investment like Bitcoin. The readiness that must be provided is such as one's own funds or life budget which is also included in the emergency fund along with a wise attitude when investing without being influenced by what other people say.

One of the person whom I know that face criticism was Bukele the president of El Salvador. Upon all the criticisms the guy didn't give up and continue to strengthen the coin in the country till now. I have also been looking for the latest development of El Salvador economic with bitcoin in the country and I discovered that they are doing well though the number of people using the coin is not much as that but after this all time high then the crusaders will also join the investment of bitcoin and propagate the movement to other countries.

Even though Bukele adopt the use of bitcoin in the country, he didn't remove the El Salvador currency for bitcoin but he uses the two alongside.

In a revelation that shook the financial and cryptocurrency communities El Salvador's Bitcoin could record impressive gains to go with it. When the value of bitcoin increased significantly El Salvador could achieve a profit of over 40%. Bitcoin endorsement has attracted additional investment in bitcoin. This is why bitcoin investment should be the right move to hold for the long term and suggests a long term outlook for cryptocurrency reserves. This approach highlights the country's confidence in the long term value of bitcoin as well as its potential to shape the Salvador economy in the future.

In the end, the critic didn't give us any evidence that he wasn't invested in Bitcoin. It could just be that he is the one who seems to be doing us a disservice. But if we look seriously, we should realize that they are also useful for traders like me. Because I can buy at a fairly cheap price. So I think they are not always the bad part. Besides, their arguments are always broken when Bitcoin reaches its best price again. Maybe even after this Halving period maybe BTC will move better. It seems like they are created to be able to give us the best opportunities.

actually it is come together from financial advise in crypto to invest in Bitcoin/crypto the amount
that you can afford to lose  so   you have given yours here and hope that newbie will capture that to
understand and never fell on that.
Nice site there , and indeed that bitcoin investments always comes with risk but at least we knew
how to handle and will choose holding when the price dumps.

Investing in bitcoin should be limited within your budget because it is not possible to earn profit from bitcoin in one day you have to wait for a long time. All work requires risk without risk success cannot be achieved. Do market research without listening to anyone's words by investing in bitcoin and move towards profit without risk. Investors will profit during a bull market even if the price falls.

The haters(the analysts, journalists, and experts) of bitcoin who spread gibberish on bitcoin when it was down in price, no longer want to speak a word now bitcoin is skyrocketing in price.

That's one thing we should all learn about life, that people are quick to give a judgment on us when we are down "financial" but they won't be quick to announce our glory when we are doing well financially.

Bukele saw early "the profits of bitcoin" in the long run and wasn't interested in what the haters of bitcoin would say. Now, El Salvador's invested bitcoin has risen in profits by about 40%. You and I can imagine what the future holds by next year when bitcoin hits $200k or more as speculated.

The message to all this, is for us to be focus in hodling and accumulate more bitcoin even  when the critics tries to discourage us from doing that because they will surely end up in silent when bitcoin begin to surge in price.

Some left bitcoin since maybe they follow those bad advices of people regarding on when to sell that's why they do bad decision because they don't verify but just do what those people say. For sure at what current happening on bitcoin some of those people who sold earlier their coins regret especially when they did that because they afraid for a possible big dumps will came. For what strong movement we can see this indicate to all investor that long term HODL will always give us best returns compare doing short term and for sure that many people are happy also excited for how much they can possibly gain at current good movements happen on the market.

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.

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.

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.  

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.

It is very simple holding to make profit in bitcoin investment when you have the knowledge, then patience then the continuous knowledge by continually learning about better strategies to employ (like having multiple income source and emergency funds from savings) to keep hodling for as long as necessary.

Take a critical check, you will observe a lot of persons that sold at that $16k lacked all of the above.

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.

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.

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.

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.

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.

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.

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.

Bukele is currently one of the presidents that people may love and hate because after all, with his choice to adopt bitcoin for El Savador a few years ago it made a lot of pros and cons that occurred even among economists and officials of a country.

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.

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.

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.

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.

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.

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.

Indeed, Bukele really took a risk by embracing bitcoin, but he was confident in his decision and is now reaping the benefits. You're right that individuals who have invested in bitcoin should also have confidence in its potential. However, it's important to remember that investing in bitcoin comes with risks, and no one should invest more than they can afford to lose. And it's also very important to realize that you should acquire all the necessary knowledge and information about Bitcoin before going to invest, else you may just end up choosing the wrong Investment approach which mostly results to losing your money or even worse.

Nayib Bukele success get benefit when accepting bitcoin as payment currency in their country, not only with positive side how economic condition moving up but also bitcoin success reducing criminal rates. Today bitcoin have break out most higher price and I can't imagine how much profitable earned by El Savador government with their interested keep accumulate bitcoin every day although price dropping under $20K. Some time I want to see with portfolio of El Savador bitcoin assets and looking how much profitable earned during last two years become most active holder and investor in bitcoin.
Good job Nayib Bukele and El Savador government right now they are celebrating with how much profitable earn after braveness from their president make bitcoin as legal payment method.

It's true what you say, but there's no harm in setting aside money even if it's only 10$ a month. I think you can still buy BTC, and if you need it urgently, we can sell it. At least we have the intention to save by minimizing useless expenses. the future / financial freedom that we hope for

It's said that success is everybody's father, but failure is a bastard, meaning that everybody wants to affiliate themselves with success, while nobody wants to associate with failures, this is what is happening in the case of Bitcoin, now that it's value is fast rising many people who where skeptical about it in the bast are now adopting it.

The president of El Salvador, Bukele, is now seen as a hero, because the asset that he invested his country's money in, is now yielding profit for them, so his critics are now quiet, I hope that other countries, corporations, companies and individuals, will learn something from this president and trust Bitcoin to be the asset that it's value will keep increasing and being more profitable in the future.

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.

That's a whole lot of profit for a country who really understands Bitcoin and honestly speaking, I wish my country had some reasonable leaders like the president of El Salvador Bukele. It will help our economy grow more than what it is today. Imagine the little they had invested back then and compare to how much profit they have made in few years. With these profits, they can work in so many other sectors of the country that needs development.

It's a good thing and as always, a Bitcoiner should be on the idea of holding their coins for the long term. We can see how Bitcoin had skyrocketed past it's old Ath in just 2days. Which for many, I think it's surprising. If we are already seeing such movement before the halving in April, then we might already be getting a glimpse of how the market will be after the halving.

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.

What he did gives us something important that we need to learn - courage and optimism. He ain't losing hope despite criticism and market dumps that one day his plan and the country's investment will succeed. And he is not wrong and he isn't destructed by negative people from their country as he is still determined to hold and wait for this bullish market.

It sends us a message that we need to be strong and determined to achieve our goals and we don't feel tired waiting for the right time (patience).
Holders got rewards, than those who are afraid and weak.

If Microstrategy takes profit, I doubt that we can follow them immediately since their Bitcoin holdings value is enough to create a heavy selling pressure in the market. This is my greatest fear on Saylor dominance on Bitcoin.

It’s either he will abandon us completely or slowly take profit without affecting the market heavily.


This tracker is not on-chain, They might sell their coin earlier and delay their announcement just like what Elon did before when he unload all his crypto holdings.

Against all odds and getting lectured by IMF and negative media coverage, President Bukele did the impossible of making Bitcoin as a legal currency of his country. That decision is now paying off and every international media house is covering the news. This is another great example struggling economically countries should take from El Salvador. Not only President Bukele is trying to improve the living standard of his citizens but is in the process of making his country crime free. Every nation needs such great leader who thinks out of the box and makes a difference.

Right. Bukele's using El Salvador's cash for that Bitcoin move. If you're barely making ends meet, don't go splurging on Bitcoin. It's cool to take cues from him but uou have to adapt it to your own situation. National strategies are one thing but if your wallet's looking thin, stick to the basics and save the crypto adventures for a more stable time. Prioritize keeping the lights on before diving into the Bitcoin rollercoaster

He understands that there will be a lot of negativities pertaining to his actions and decisions but he's got all planned even before. He just became firm with that plan and continued to follow it accordingly. He knows what he's doing and he understands that for his country to thrive in the new adoption that they're in, he'd definitely have to face those criticisms even if they're bad and unacceptable. Well, as for each individual, as long as you know what you're holding and you have experience in doing that, there's no need to listen to anyone's advise.

Holding our bitcoin, don't take profit and exit too early.

Watch big names like Micro Strategy, they are bigger than El Salvador.
If they take profit, we can follow them to take profit.

https://saylortracker.com/
https://nayibtracker.com/

The market in 2024 now have more institutional investors from Bitcoin Spot ETFs, not only MicroStrategy. Those Bitcoin Spot ETFs are heavily buying Bitcoin.

This is an issue we need to pay attention to because each person will have a different situation, so we need to come up with a plan that suits our financial situation instead of following others. Just like CZ, he once took the risk of selling his assets to invest in bitcoin and we all know what he achieved. But that's not good financial advice, just because he sold his house and bought bitcoin and was successful doesn't mean we will be successful if we imitate his approach.

Investing wisely is coming up with a plan that suits your situation, not imitating someone else's plan.

President Bukele is a crypto-friendly hero who is hated by so called demon-has-gone democrazy lovers and Berkshire Hathaway shareholders for obvious reasons. His haters will naturally disappear soon after biting the dust.

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.

Well, if the amount of capital in El Salvador is 1 billion dollars and it has grown by 40%, it has a profit of 400 million dollars.Honestly speaking, it's too big. Just holding the $1 billion capital fund and then immediately making a profit of 40%—this is not a joke. But this is just an example.

Apparently, this is what happens when we hold a long-term asset like Bitcoin or other cryptocurrencies. That's why Bitcoin is really proven and tested for long-term investment. And this is what the whale investors who enter this business industry field want.

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.

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. But nevertheless, this is not the main issue I wish to focus on in this thread, I just want to divert a little.

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.

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.