Topic: My rewards for hodling despites the challenges. (Read 394 times)

I don't know what kind of society you live in, but putting profit before your wife's happiness is not something that makes sense to me personally. Also, I don't know what kind of anniversary celebrations people do in your place, but I would take my wife to a romantic dinner and it wouldn't have to depend on the price of Bitcoin or anything else.

Another thing that makes no sense is that, as some have already said, you store your coins on a CEX, and also for security reasons, it is wrong to publicly publish information about what you have. People don't publicly publish their bank account balances, I don't know why they do that with cryptocurrencies.

I do agree with you dear as you said spending more money on wedding ceremony is the too unusual and unnecessary thing which we can notice or see at many wedding ceremonies around us. This thing getting promoted to the younger generation and also making many things difficult let's say a poor person wanna get married. He does have not that much money to spend like a rich man. He may feel embrace infront of people to maintain his standard. So it is important to stop spending money of weeding unnecessary things.

Besides all that, this bull season is going to be very good as some days ago one of my community members shared an analysis review that mentioned Bitcoin can go $200k in this bull season which means money money everywhere haha (kidding). But the analysis impressed me well we should not rely on a single analyst though we should also DYOR we reduce our risk. OP should also invest a miner of his investment into the altcoin and investing in altcoin is a very picky part it also needs good research before investing in them. OP the majority of your amount should be in Bitcoin. DYOR!

I'm happy for you after learning that your actions worked positively for you and you have got more value for your investment by holding and not selling, however, since we know the market is unpredictable and it could also go down from the point where you started holding, and if that had happened, I believe you wouldn't be making this post and might have regretted not selling earlier and celebrating your anniversary with the money.

That being said, it depends on an individual's mindset and how they see things for them to make such decisions because it's your money, it's you who is going to either benefit or loss from it, so you might want to hear people make suggestions but the final decision should always be yours to make.

Thanks @Churchillvv. I actually never thought to hold my coins for too long so I thought of boycotting the transaction charges from the hardware to the exchange wallets. But with how much convinced I've been to this crypto market via the appreciative volume of my holding Bitcoin as result of the bull-run season, I don't mind it o keep holding til the peak of this great crytop runs.
So as my holding wouldn't be sold out so sudden as formally expected, I'd consider picking the opinion to reinstall my holdings to a recommendable and reliable hardware or the cold storage just as you suggested.

I think you made the smart money decision. I think renewal of vows and wedding anniversaries should be a private thing because it’s more personal that way, people just find ways to spend money on making big events to impress. I’m a big supporter of DCA and hodling for long term. I’m only concerned about you keeping your coins on Binance, and also posting your savings online. You should be more careful about your privacy, Bitcointalk is anonymous until you compromise your identity.

i believe you made the right choice as i am sure your wife is also happy with your decision
i see nothing wrong with your decision to be honest, not everything needs a big or grand celebration just something simple that celebrates the true purpose of the day would be enough i believe.

congrats on your anniversary and to your bitcoin journey!

To be a successful bitcoin holder and investor, you need patience and you have to face some challenges which is specifically financial challenges that will lead you to touch your investment; overcoming such challenges is the main work which if you have successfully done that, you will see the benefit of holding.
Congratulations for attaining this stage of holding, you have done well even though exposing what you have is not advisable but your effort to accumulate such amount is massive, I will advise you to keep it up.

You might be right about the marriage anniversary, but I thought he was talking about the events that happen during the marriage, like the money on decoration, inviting numerous people, spending money on food, etc., etc. but if the OP is talking about the anniversary event then he should not think about it that much because on marriage anniversary not that much money is needed.

This means you don't have to spend a hell lot of money on only anniversaries, you can also give small but cute gifts and can enjoy the anniversary, well, dearNrcewker I don't think he is talking about anniversaries because he won't be needed that much money that he began to worry about his holdings and thinking about either he should hold then or sold them, I think he is talking about marriage, no one misses marriage but maybe a delay, and that's what OP might be asking!

Congratulations but I will say the same thing that this type of celebration is important to keep your relationship. Your wife might understand you but what happens when you fail and who's going to be with you? It is none other than your wife and that's why you have to celebrate even the small wins that both of you have because I don't know what type of challenges that you have been with and that's why I'd say the same thing as the others but good thing that you have never blame any of theirs. Because once you publish your stories on the web, expect that there are good and bad comments about it.

That is the difference between someone who doesn't let other people affect your decision making even if they say hurtful words compared to those who easily get swayed by other people in making decisions. This would be my reply to those people if I am in your situation, "You do what you want to do and i'll do the what I want to do and the decisions I will make in the future. If I lose profit in my investments then it's nothing to do with you and also It's not like I use your money for investing in Bitcoin but my own hard earned money and it's also not your money that I will lose in the future if that happens. I think they might become jealous of you if your decision that time bore fuit (earning profit, so you should also be careful).

Holders never lose. So once again, you proved that. So your story is not to waste money by celebrating marriage ceremonies and investing in Bitcoin. I will say it was a right decision at all. The result shows us how your holding has grown. You sacrificed something that isn't mandatory, and as a reward, you got a decent amount from your investment. Also, I think you don't have to wait for a long time. Luckily, it seems the market started pumping when you invested. However still you can keep investing by following DCA strategy and this is the most popular strategy nowadays to build your portfolio. 

It really does not matter on what other people would say to you about your choices because it is your right and you have future plans not only for your anniversary but for your family. I can say that you have chosen a smart decision because as you have said marriage is liability and if you used that money to spend for a celebration you are missing the chances and ooportunities to gain profit in the upcoming bull run which we can feel just recently.

OP, I read to know how much you invested that gave you such ROI within a short period of time. Anyway, I applaud your decision. Those who would criticize you don't really know the situation in the country you're from. There's no time for frivolous spending now the way things are going. Those in countries where they can afford to replenish whatever they spend within days can go celebrating anniversaries year in year out but for those in auster countries with hyper inflation hitting them badly, it's a sinful pleasure so to say. I can have a decade wedding celebration, a silver or golden/diamond/wooden/rust celebration or whatever they call them but to have it yearly, I see that as a waste of resources and energy. I hope you haven't converted your crypto to fiat because we're about to embark on a rollercoaster in this space going forward.

Holding Bitcoin is not regretted but a rewarded decision.
I'm not going to say that you are right about delaying your marriage because you prioritize investing but sometimes we need to decide which is the most important even if it hurts someone. And you are doing this for a good reason which is about preparing your future. Some people may not see it as acceptable but those who see how important it is will understand the situation and give support.

Sometimes we need to be practical and sometimes we need to sacrifice our happiness in exchange for having a better future.

I don't support any form of wasteful spending because it has its financial demerits. People spend too much on unnecessary things that can be avoided such as birthdays and anniversaries. You don't need to throw a big party to celebrate birthdays because I see people borrowing because of birthday celebrations which I see as highly unnecessary. The only expenses that can stop me from saving are basic needs such as food, clothing, housing, education, health, care, and security.


You have to take responsibility for your actions because public opinions are not always correct. So I support your decision to skip your celebration so that can invest in Bitcoin because there are still more things to celebrate in the future.


I am happy that your investment has become fruitful and you are making a profit. You said your country's currency is losing value which means there will be inflation. You are not a big boy because there will also be an increase in the prices of goods and services. However, you made the best decision because you will make a profit from the increase in the price of Bitcoin and the dollar when you want to sell. Which means you used Bitcoin as a hedge against inflation and investment.

I guess he meant his marriage anniversary, not complete marriage. I might be wrong, but who misses marriage? Nevertheless I am happy for you OP, the time you gave to the coins, gave you sufficient profits in return. I will suggest you to hold it more. The price will again go double, and you might make double profits that now you have.  People don’t show trust in coin and later blame it when they don’t make good profits. Buy cheap and hold it for long time, this is the golden rule to make profits.

Well to you op it calls for celebration but in my perspective we have a long way to go before the next bear market will come and in this times Bitcoin will be on appreciation lane so you should still be accumulating.

I wouldn't judge any of your actions, yes it's the fact that you left a 0.1 BTC in an exchange whereas you should be aware that keeping an amount that is equivalent to a 500 dollar and above is very much discouraged. with such a profit or about you should have a hardware wallet or create a cold wallet storage as soon as it hits a good profit.

Some people don't read carefully and tend to misunderstand and be out of sync with what you say. I know you missed the wedding anniversary celebration you mentioned on the main page – but a small celebration like that doesn't require much of a budget. Just keep it simple because after all it is something that is always memorable.

There are lots of ways to save money on things you don't really need - not only do you avoid celebrations, but you can also save money on lifestyle expenses. Look at how many people buy iPhones for lifestyle or prestige - while ignoring investments that could buy them dozens of other iPhones in the future.

Maybe this is the reason why he posted this here to seek advise from People outside His compound and seek for other answers aside from those close to Him .
Like what the Mindful people says "Your Life , Your Decisions" but also No Man is an Island so seeking for answers will not hurt us from doing.

Point of correction, I'm a married man and I've been emphasizing on annual marriage anniversary with my wife here.
You can read through my previous thread for clearance sake https://bitcointalksearch.org/topic/--5484809.
My point of action was that I skipped my annual marriage anniversary ceremony because it is just of pleasures and the family needed more money than spending the little we had. So the marria annual anniversary ceremony would always come times after time but we must chase the income first.

Let me tell you, everyone must not be so rich as thought and  if you are not one of the rich guys then you must be financially economical strategical to maintain an affordable role for providing for your essential needs. This is just as accumulating your bitcoin in the DCA method so also you plan yourself life the DCA method.

Well, you can keep on postponing your marriage, but just be careful that your fiancé might just walk away, thinking that you are putting "money" before your love for her.

Men look at the practical things in life, like having enough money to pay for a marriage, but a lot of woman look past that and just want to be married, no matter what happens in the future.

We all have our own decisions in life mate and let no one blame or degrade your for everything you decide in life so have them nothing but do your things.

and who cares about that marriage not taking place when your partner understand your side then why others does not?

Congrats to all your challenges and success and more to come mate.

Oh God, you don't need to miss the wedding ceremony just because you don't want to sell bitcoin at that time, because a wife's happiness is not entirely seen from the level of luxury you provide, but a small celebration full of happiness is more than enough. How much money do you need just for the wedding celebration and are all the funds you have put into bitcoin? If this is true, then I think the steps you are taking are not appropriate because after all we need emergency funds for our daily needs as a family.

But however, we will always give applause to friends like you who have succeeded in making profits in Bitcoin because your steps were successful. My advice is don't ignore small celebrations with family, even if they are kept as simple as possible because we live in this world where we don't just talk about investment but other things are also really needed.

Lol 
No one knows what will happen to Bitcoin in the future, that's why it's still a risk and not guaranteed.

For OP, I understand what OP means, OP took a risk.

About OP wanting to convert it to their own currency, it's kinda huge loss if OP does that. I think Binance P2P got a high spread from their own currency which maybe there is only a few people who do P2P trading there. Another option for OP is convert it to USD then send it on some platform that got good exchange rate from USD to their own currency.

Many moons and cycles ago I told my wife that we should skip the wedding and get married at city hall and spend the wedding money on Bitcoin instead. She did not go for it!
I could have had 100 more BTC!
I still have my wife and now two kiddos, so maybe it was still worth it 😂

Well to you op it calls for celebration but in my perspective we have a long way to go before the next bear market will come and in this times Bitcoin will be on appreciation lane so you should still be accumulating.

I wouldn't judge any of your actions, yes it's the fact that you left a 0.1 BTC in an exchange whereas you should be aware that keeping an amount that is equivalent to a 500 dollar and above is very much discouraged. with such a profit or about you should have a hardware wallet or create a cold store as soon as it hits a good profit.

Your local currency has very bad decrease of its purchasing power and exchange rate against US dollar.

Its exchange rate against USD last 5 years shows a loss of 76%.
https://www.google.com/finance/quote/NGN-USD?sa=X&ved=2ahUKEwiLxPWbq8qEAxVsiK8BHdqnBLgQmY0JegQIDhAv&window=5Y

Either you invest in Bitcoin, get profit from Bitcoin and you need cash, my advice is as follows.

Take profit part of it to your local currency Naira.
Reserve the rest in Bitcoin to enjoy the bull run before taking profit more.
You should take part of your profit in US. dollar because its is strong fiat currency, not like Naira.
If you take profit all to Naira, you will lose like the chart shows.

It was a worth it decision in the first place in my opinion, skipping the tradition and not being binded to that tradition is actually a really good thing to my eyes because that means that OP is a forward thinking individual that will definitely see success in life, I believe that he didn't deserve all that flak that he's got from that last post, you can't just call out someone so bad like you personally know them and if it's you in their place and you proceeded with the tradition you would probably be mad regretting it because the high of that event would probably start to fade in 2 days and then reality sets in.

Don't be too worried about your haters OP, at the least you've made a profit continuing that hodling, you're the one that's got the last laugh, remember that.

OP still have a lot to learn. As eager as you are in sharing new and updated information about your life, you shouldn't throw you security and privacy under the boss. You must do better in terms of which platform you choose to store your bitcoin. You may think that you have a small holding of bitcoin so you don't mind leaving it in a CEX but you are wrong. Don't say. "it doesn't matter, it is just a small amount". The way you handle your small holdings of bitcoin is the way you will handle your large holdings of bitcoin when you eventually have. I am telling you man, GET YOUR COINS OFF EXCHANGES.

HODLing is life and when you hold bitcoin for long time you will surely enjoy the benefits of holding and for that your holding isn't waste of time. I will also say that you should try adapting to DCA method with this you will increase your portfolio massively than this. Though we are in bull season even though we haven't achieved our previous ATH but people that invested when it was aroun 20k to 25k can boldly say they are enjoying the bull run. Lastly congratulations on your holdings hope you HODL for decades for you to enjoy the full time of bitcoin long term investment.

I admire your courage in HODLing for this long, and USDT is a wise choice too. The challenges you have had to endure inorder to achieve this feat may be more than shown here, but I know the bullish season can make you much more incase you decide to sell some and take profit. Still, it's still a wise choice to HoDL for as long as possible because it will definitely pay big time in more ways than just increase in profit during a bull season.

Op you take a risk of keeping your coins in Binance for all this while. It is not advisable for you to keep a such amount of money in the centralized exchange platform. And you canceled a marriage to hodle bitcoin. Op Frankly speaking your story is not clear for me because marriage issue that I know very well, when you have informed people that you're doing marriage in a particular time and date and you canceled it for bitcoin. Well that was your decision which you took and even the display images, shows that you were not hodling but to sell or someone transaction image which you have used for merit hunting. But there is no scientific proven yet. Because the time frame is very short for you to accumulate such big amount. The time of creating the marriage cancellation thread and the time of this thread is too short for and investor to make big profit because as of that time bitcoin was above $50+k and bitcoin is $54k. Now another question we have to asked is how much did you used for the investment?

If you are still hodling the coins for the All Time High then I advise you to move your coins to non custodial wallet which is more saver. Like as you keep this coins there and the government was trying to stop Binance operating in the country and you would have lost everything in that process. So to be in the saver side of the coin, you need to move them out to non custodial wallet. Congratulations for the amount.

Firstly, the signature code of the project you have in your advertisement spot is not complete.
Having said that, I like how you push aside all the negativity that could lead you to sell your Bitcoin holdings. However, it is too early for you to celebrate now when you're supposed to continue to accumulate more BTC cause it's never over until it is over.
According to my research about Binance, I don't know how much in cryptocurrency you have to hold on your account to become a crypto P2P merchant trader on Binance but I believe must average country is $1000 in crypto. If you could reach the threshold, you will have your BTC while you also make money by offering P2P merchant services.

I missed your previous thread, but i have gone back and read it, what you do with your money is your business and that of your family, you really didn't need to come here with the story of how your didn't go ahead with your marriage anniversary celebration. Take note that storing BTC's for profit should not be your only source of income, if you had another source, you probably would have gone on with your celebration, while still storing your BTC.

It is worth mentioning that you should not store your BTC on an exchange, so move it into your own self custody, use a BTC wallet like Electrum or Sparrow wallet, and if you think your money is large enough, set up an airgapped wallet or buy a hardware wallet.

It is worth it now that your decision paid off which is great but still it could’ve gone the wrong way which means those that advise you in the thread weren’t wrong. But nonetheless stick to your convictions I hope it pays off huge.

Aside the ROI that bitcoin offers there are features like privacy that you are not paying much attention to, it was needless to post your bitcoin holdings you should edit the image. Also from the image this is a binance exchange which you store your bitcoin and as the saying goes not your keys not your coins. It will be best you move your bitcoin to a custodial wallet even if it is a hot wallet but for long term storage go for cold storage

Congratulations to you and I hope everything meets your expectations, and my advice is to get married simply, the important thing is that it is legal. Because after marriage you will face many trials, especially in financial matters which will continue to be needed and this must be thought about and also planned so that after marriage and so on you will be fine financially.
And it would be better if you did not show pictures and in your words everyone would believe.

I got your point, but one thing I am confuse of is, you said you want to skip the marriage ceremony but are you still going to marriage like in the simplest way, whatever the tradition is, you won't spend money on extra things, but only spend on what is needed? Is that what you are trying to say. If yes, then I think there is nothing better then this, spending extra money on marriage ceremony has became a tradition and this has to be break because if more spending would become a tradition then it will become a burden for the upcoming generation. We should promote normal and easy marriage.

If you were planning to delay your marriage ceremony for the upcoming bull run then that's also your decision then, because delaying is your personal problem, but if you want my opinion then I would say you are right, because currently market is bullish and in the upcoming 1 year it can make you 2x (that's not for sure but just a prediction so DYOR). Money is necessary but besides all this you have to get some real job or source of income because bull run is not going to be there forever it have a cycle that repeats which means if you are making money then a time will come when you will be losing too, so don't be so bullish on BTC and diversify your source of incomes.

Oh bitcoin that I am well pleased, Indeed bitcoin is a potential hope for a great future.
Sometimes ago, I made a post concerning the skipped of my annual marriage ceremony (Marriage Anniversary) because I needed to safe and hodl my bitcoin due to the attractive market season. I mean the halving clocking to the bull run. Lot of forum users here fumed at me that my excuse for skipping my marriage ceremony wasn't enough, some said if I wasn't qualified to married if I'm not financially stable yet, some said I should have investment aside at times and face my responsibilities.
https://bitcointalksearch.org/topic/--5484809

I really didn't blame any of them because the thread was ought for discussion with individuals contributions but yet, I was never being able to be convinced by all that because I've my own vision too.
I stood by my hodling by minimizing my financial responses because I know reliabilities would always come and so as the so marriage ceremonies but if the finance is not there then the whole of it is ruined

I'm sharing with you all my exciting mood because my action for ignoring the pleasures to hodl my bitcoin has never been regrettable instead my joy rises as much the price rises so also the value of my hodling bitcoin rises too.
Infact, in couple of times I've been counting rises to my financial levels due to the hope bitcoin has got for me.

                                    
             As at now, this is the value of my total bitcoin as shown below which proves the value in USDT and in bitcoin value all by the appreciations of the current rise of bitcoin at the rate of $53,531.10

                                    
            And here is the different selling rate per dollar in conversion to my local currency which I'm going for $1 = #1,600.50
            Mathematically total sum of USDT= $545.75 multiplies by selling rate of #1,600.50 =#873,472.875

I deals on local weakened currency which I would say it has lost its value over the US $ and with the current situation of the downtown economy including the inflation in town, I would proudly say that I am a big boy in Town with the value of bitcoin I have got in my wallet
I am still hodling and ain't selling yet untill time tells. I can't really say that I would engage on a long term investment but I am sure of making huge profits in my period of hodling and if by so my wife is aware that this is the sum of money i have realized with the little amount of fund I invested in, it is certained that she would regret all that or her actions towards choosing ceremony of pleasures than chasing incomes.
I don't care about any Investors here would mock at my boosting actualization here in this bitcoin market, all fingers ain't equal that is just the fact and I am proud of myself and I hope more values would still be added to my current values as long I keep hodling.