Topic: What's your reasons for holding bitcoins? (Read 593 times)
When I first learned about Bitcoin in 2016, I was skeptical like everyone else, but the more I read about it, the more convinced I became that Bitcoin has the potential to change the world of finance. Because traditional banking systems are vulnerable to economic instability and government intervention, I want to make sure my family has a backup plan and that I can provide my children with a savings for my family's future with advancing technology. Owning Bitcoin gives me peace of mind knowing that I am taking steps to protect my family's financial future. I truly believe in the decentralized nature of Bitcoin and its potential to give people more control over their money. Being part of this movement means a lot to me and that's why I continue to hold Bitcoin. I also see that there will be a positive increase after the second half of 2023.
I heard people keep saying don't sell when the price rise a little, or when it starts dropping! I don't get, why are you holding it for long? As long as am concerns is just a matter what you want, long term or short term. Bitcoin is not your Goldsmith or some banks you build at home that you can control anytime you like.
To me bitcoin is there to gives you money when you're satisfied to take the money or take your if can't wait when is dropping. I can't hold for too long is personal or I will never take investment in a short is till personal.
Just as what you believe, that's what the others including me believe. And that's where we're satisfied to sell whether it's for the short or long term as long as we're good with it. Those that are saying that don't sell when it rises a little, that depends on how much they've bought. Maybe they're anticipating that most that are about to sell haven't bought at the lowest and profit is quite little so they say, don't sell.To me bitcoin is there to gives you money when you're satisfied to take the money or take your if can't wait when is dropping. I can't hold for too long is personal or I will never take investment in a short is till personal.
We've got different ways of protecting our bitcoins and plans for it, if many of us are for the long term like I mean up for some until retirement and there goes the others that don't have plans like that.
Whether you hold or not what will happen in bitcoin will still happens, is good to hold but too long hell no, because am not the future, future is expectations real life is in the present.
That's okay if you think bitcoin isn't for that much long term. But you can't change the minds of the many that this is here to stay and for how long? We don't know.My questions is people keeping bitcoin for too long and begins to hear story?
Not just hearing success stories of long term holders and investors but also based on personal and individual experiences, this makes us want to be long term on it.What's the secret that's different from taking profit?
There's no actual secret from it, the strategies are vulgar and known for most.Is that long term bitcoin don't experience losses?
If we'll look at the history of the chart, I'd say yes. But determine yourself on how long you want to be because the chart never changes and there will be dips and corrections if you zoom in the charts. If you can say that the reason I hold Bitcoin is because I think that my Bitcoin is my investment asset. Although there are some people who think to use it as a currency exchange. I'm not going to bet on the Bitcoin price going up high but I just love collecting Bitcoins. That's my personal opinion.
So let's say the price goes up. Would you sell your collection? You love it as it is precious to you, so you don't sell it. If you just want to collect things, then buy physical bitcoin collectibles a lot here in the forum. Though I respect your opinion, if you are collecting bitcoin, you are just wasting your money as you can't touch it, as it is for collection purposes, unless it has a double purpose, like holding it for a period of time and selling it off once the price is high. Collection should be put in plastic frame to display , Bitcoin is not we should use it not for display only.
Bitcoin is not your Goldsmith or some banks you build at home that you can control anytime you like.
I think you should get your facts straight mate because bitcoin is indeed giving you the chance to be your own bank and yes, you can control it anytime you like. If you somehow hold a large sum of coins in your portfolio, be sure that you are not that dumb to place your coins in a hot wallet. Make sure that it's a non-custodial wallet, so that you can control it any time you like and move it anytime you like.
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My questions is people keeping bitcoin for too long and begins to hear story?
Because why not? You should just need to know more about bitcoin and do your own research to know why there's a lot of people if not, majority of people who hodl bitcoin for long-term.
I invest in Bitcoin because I know I'll be able to return at least 2x from it in the future, and it's in a bearish case.
There are several reasons why people hold Bitcoin:
Investment: Many people hold Bitcoin as an investment, believing that its value will increase over time. Bitcoin has a limited supply, which means that as demand for it increases, its value could potentially increase as well.
Store of value: Bitcoin is often seen as a digital store of value, similar to gold. Some people hold Bitcoin as a way to diversify their investment portfolio or to hedge against inflation.
Decentralization: Bitcoin is decentralized, meaning that it is not controlled by any government or financial institution. Some people hold Bitcoin as a way to have more control over their assets and to avoid centralized financial systems.
Utility: Bitcoin can be used to make purchases and payments, and some people hold it as a way to conduct transactions without the need for a bank or other financial intermediary.
Speculation: Some people hold Bitcoin as a speculative asset, hoping to profit from short-term price fluctuations.
It's worth noting that holding Bitcoin carries risks, including volatility and the potential for loss of value. It's important for individuals to do their own research and make informed decisions before investing in Bitcoin.
Investment: Many people hold Bitcoin as an investment, believing that its value will increase over time. Bitcoin has a limited supply, which means that as demand for it increases, its value could potentially increase as well.
Store of value: Bitcoin is often seen as a digital store of value, similar to gold. Some people hold Bitcoin as a way to diversify their investment portfolio or to hedge against inflation.
Decentralization: Bitcoin is decentralized, meaning that it is not controlled by any government or financial institution. Some people hold Bitcoin as a way to have more control over their assets and to avoid centralized financial systems.
Utility: Bitcoin can be used to make purchases and payments, and some people hold it as a way to conduct transactions without the need for a bank or other financial intermediary.
Speculation: Some people hold Bitcoin as a speculative asset, hoping to profit from short-term price fluctuations.
It's worth noting that holding Bitcoin carries risks, including volatility and the potential for loss of value. It's important for individuals to do their own research and make informed decisions before investing in Bitcoin.
I heard people keep saying don't sell when the price rise a little, or when it starts dropping! I don't get, why are you holding it for long? As long as am concerns is just a matter what you want, long term or short term. Bitcoin is not your Goldsmith or some banks you build at home that you can control anytime you like.
To me bitcoin is there to gives you money when you're satisfied to take the money or take your if can't wait when is dropping. I can't hold for too long is personal or I will never take investment in a short is till personal.
Whether you hold or not what will happen in bitcoin will still happens, is good to hold but too long hell no, because am not the future, future is expectations real life is in the present.
My questions is people keeping bitcoin for too long and begins to hear story?
What's the secret that's different from taking profit?
Is that long term bitcoin don't experience losses?
Those words are for those who wants to maximize their profit.To me bitcoin is there to gives you money when you're satisfied to take the money or take your if can't wait when is dropping. I can't hold for too long is personal or I will never take investment in a short is till personal.
Whether you hold or not what will happen in bitcoin will still happens, is good to hold but too long hell no, because am not the future, future is expectations real life is in the present.
My questions is people keeping bitcoin for too long and begins to hear story?
What's the secret that's different from taking profit?
Is that long term bitcoin don't experience losses?
It is true that no matter what you do sell it or hold it the market would still move as it please, But those who sell early tends to regret it when the price keeps on increasing.
And for long term Bitcoin Holder we couldn't tell if they also experienced losses since they are holding it we could only consider it loss when they cut it, even if your down right now if you're still holding it there is still a chance that it could turn around when the price starts to fly.
Ok so you are a short term investor or day trader. You can do whatever you want with your assets, that's a personal matter. And other people can do whatever they want. That's their choice. If you feel like you are good at trading and have good knowledge on day trading, you can make money in short term. So what about those people who aren't that well learned and have less time to give in trading since they have other works to do?
They learn a little or they could learn proper knowledge about market and buy bitcoin in right time. Keep it there for their future plan. when the price rises, they can have good profit just by doing nothing.
They are already earning money from other sources and keeping this hodlings as a backup plan.
I guess that's how this works.
They learn a little or they could learn proper knowledge about market and buy bitcoin in right time. Keep it there for their future plan. when the price rises, they can have good profit just by doing nothing.
They are already earning money from other sources and keeping this hodlings as a backup plan.
I guess that's how this works.
Invest to earn profit...
But that never it simply works like that - earning a profit only becomes possible if we learn how to hold. Holding Bitcoin is just like saving your fiat money. So if we have the reason why we save money, that is also the same reason why we hold Bitcoin. Only in different ways but the purpose is the same.
Unfortunately, not all are doing this and that is because they are also uncertain about holding. In this volatile market, holding is necessary otherwise, you fail in reaching your goal (profit).
With the extreme volatility bitcoin has presented over the years those which are holding their bitcoin just to obtain financial gain have shown they have a lot of problems to do so correctly, the ones that have an easier time holding bitcoin even when they are losing money are the individuals which are invested in this market because they actually believe bitcoin is a revolutionary form of money which is changing the world, after all if you believe bitcoin is way better than fiat then the temptation to sell your bitcoin for fiat diminishes in a considerable way. But that never it simply works like that - earning a profit only becomes possible if we learn how to hold. Holding Bitcoin is just like saving your fiat money. So if we have the reason why we save money, that is also the same reason why we hold Bitcoin. Only in different ways but the purpose is the same.
Unfortunately, not all are doing this and that is because they are also uncertain about holding. In this volatile market, holding is necessary otherwise, you fail in reaching your goal (profit).
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I believe the reason for the hold bitcoin that most bitcoin believers preach to others is for the reason that most investors believe more in the long term price increase of bitcoin than the short term.
There is a big difference between Trading bitcoin which involves buying bitcoin low and selling high for profits as soon as the price climbs up, investing in bitcoin is another thing altogether, and for all I know, if one really want to make good money from investing in bitcoin, then such investor should be ready to hold for the long term, simply because , there is no much profit from holding bitcoin for the such term except you are selling to rebuy back immediately the price drops, which is trading.
There is a big difference between Trading bitcoin which involves buying bitcoin low and selling high for profits as soon as the price climbs up, investing in bitcoin is another thing altogether, and for all I know, if one really want to make good money from investing in bitcoin, then such investor should be ready to hold for the long term, simply because , there is no much profit from holding bitcoin for the such term except you are selling to rebuy back immediately the price drops, which is trading.
If you can say that the reason I hold Bitcoin is because I think that my Bitcoin is my investment asset. Although there are some people who think to use it as a currency exchange. I'm not going to bet on the Bitcoin price going up high but I just love collecting Bitcoins. That's my personal opinion.
And what is the point of this collecting, what do you need it for? I think that bitcoin was not created for this, it needs to be used. Imagine if now everyone will only hold, then in this case the idea that Satoshi laid down will be lost. Although this is exactly what is happening now, everyone perceives bitcoin as an investment, and buy bitcoin for a long-term investment with the hope of making a profit. 
Invest to earn profit...
But that never it simply works like that - earning a profit only becomes possible if we learn how to hold. Holding Bitcoin is just like saving your fiat money. So if we have the reason why we save money, that is also the same reason why we hold Bitcoin. Only in different ways but the purpose is the same.
Unfortunately, not all are doing this and that is because they are also uncertain about holding. In this volatile market, holding is necessary otherwise, you fail in reaching your goal (profit).
True the purpose of holding BTC is because of investing with big profits in the future.But that never it simply works like that - earning a profit only becomes possible if we learn how to hold. Holding Bitcoin is just like saving your fiat money. So if we have the reason why we save money, that is also the same reason why we hold Bitcoin. Only in different ways but the purpose is the same.
Unfortunately, not all are doing this and that is because they are also uncertain about holding. In this volatile market, holding is necessary otherwise, you fail in reaching your goal (profit).
Holding Bitcoin In contrast to our other assets to withstand Bitcoin must be more patient and not affected by anything including the market to bearish, hit by FUD news attacks that cause us to doubt, not selling in the near future because basically, Bitcoin must be long -term to feel the advantage Even better, because I have the same reason in Bitcoin that can survive even though the market is highly high.
Quite patient and wait for the right moment to be ordinary after Halving Bitcoin always reaches ATH again according to the previous history so now I can only hold and continue to accumulate while still being and the price is low.
By holding bitcoin for long term may faces losses but its your choice that are you ready to sell your bitcoin for losses or wait further for the suitable circumstances. If you hold bitcoin for lengthy time period then if a market drops then your profit will totally depended on your choices if you want to reduce your failure in investment then wait more and more until the price gives you worthy results.
Bitcoin increases your profit if a person has accurate Knowledge and take steps according to the rules and circumstances and can make decisions accordingly.
People always prefer bitcoin because a history shows that bitcoin always offer increase value of cost rather than reducing values. Bitcoin has minimum chances of losses and those who invest in bitcoin does not have any trouble of losing money if he use his Knowledge and has active mind.
Bitcoin increases your profit if a person has accurate Knowledge and take steps according to the rules and circumstances and can make decisions accordingly.
People always prefer bitcoin because a history shows that bitcoin always offer increase value of cost rather than reducing values. Bitcoin has minimum chances of losses and those who invest in bitcoin does not have any trouble of losing money if he use his Knowledge and has active mind.
If you can say that the reason I hold Bitcoin is because I think that my Bitcoin is my investment asset. Although there are some people who think to use it as a currency exchange. I'm not going to bet on the Bitcoin price going up high but I just love collecting Bitcoins. That's my personal opinion.
Invest to earn profit...
But that never it simply works like that - earning a profit only becomes possible if we learn how to hold. Holding Bitcoin is just like saving your fiat money. So if we have the reason why we save money, that is also the same reason why we hold Bitcoin. Only in different ways but the purpose is the same.
Unfortunately, not all are doing this and that is because they are also uncertain about holding. In this volatile market, holding is necessary otherwise, you fail in reaching your goal (profit).
But that never it simply works like that - earning a profit only becomes possible if we learn how to hold. Holding Bitcoin is just like saving your fiat money. So if we have the reason why we save money, that is also the same reason why we hold Bitcoin. Only in different ways but the purpose is the same.
Unfortunately, not all are doing this and that is because they are also uncertain about holding. In this volatile market, holding is necessary otherwise, you fail in reaching your goal (profit).
I heard people keep saying don't sell when the price rise a little, or when it starts dropping! I don't get, why are you holding it for long? As long as am concerns is just a matter what you want, long term or short term. Bitcoin is not your Goldsmith or some banks you build at home that you can control anytime you like.
Many people have different ways of trading Bitcoin depending on how they want it. Some people will just leave their money in Bitcoin because they strongly believe in it and hope it will have a high value in the future, while others believe in trading for a short period of time and taking whatever profit they can.Quote
To me bitcoin is there to gives you money when you're satisfied to take the money or take your if can't wait when is dropping. I can't hold for too long is personal or I will never take investment in a short is till personal.
Whether you hold or not what will happen in bitcoin will still happens, is good to hold but too long hell no, because am not the future, future is expectations real life is in the present.
My questions is people keeping bitcoin for too long and begins to hear story?
What's the secret that's different from taking profit?
Is that long term bitcoin don't experience losses?
Apart from being the first cryptocurrency, Bitcoin also provides us with financial freedom because keeping Bitcoin in your personal wallet is the same as keeping gold because you will be the only one in control of your assets, unlike banks and other crypto exchanges.Whether you hold or not what will happen in bitcoin will still happens, is good to hold but too long hell no, because am not the future, future is expectations real life is in the present.
My questions is people keeping bitcoin for too long and begins to hear story?
What's the secret that's different from taking profit?
Is that long term bitcoin don't experience losses?
I heard people keep saying don't sell when the price rise a little, or when it starts dropping! I don't get, why are you holding it for long? As long as am concerns is just a matter what you want, long term or short term. Bitcoin is not your Goldsmith or some banks you build at home that you can control anytime you like.
To me bitcoin is there to gives you money when you're satisfied to take the money or take your if can't wait when is dropping. I can't hold for too long is personal or I will never take investment in a short is till personal.
Whether you hold or not what will happen in bitcoin will still happens, is good to hold but too long hell no, because am not the future, future is expectations real life is in the present.
My questions is people keeping bitcoin for too long and begins to hear story?
What's the secret that's different from taking profit?
Is that long term bitcoin don't experience losses?
people are just giving their opinion regarding bitcoin. such as don't sell, because the potential price in the future will be very high, or don't sell now because the price is still low. However, all the decisions are yours. no matter what people think about bitcoin, what you need to think about is your decision after that.To me bitcoin is there to gives you money when you're satisfied to take the money or take your if can't wait when is dropping. I can't hold for too long is personal or I will never take investment in a short is till personal.
Whether you hold or not what will happen in bitcoin will still happens, is good to hold but too long hell no, because am not the future, future is expectations real life is in the present.
My questions is people keeping bitcoin for too long and begins to hear story?
What's the secret that's different from taking profit?
Is that long term bitcoin don't experience losses?
regarding your question, well not everyone holds bitcoin for a long time just because they hear stories. If you do your research you will know why people hold bitcoins for so long. especially if you look at the price changes from year to year.
there is no secret about the different ways to take advantage, it's just that it all depends on each person's strategy and patience.
holding bitcoins long-term doesn't mean we can't get losses. however, if you look at history, holding bitcoins in the long term can make us get big profits. however, nothing is certain in the world of crypto. what you need to remember is that the profit you are targeting is as big as the risk.
At first I was attracted due to its exclusivity, since only a few people are able to obtain or holding bitcoin. The second reason is because of its price. That time it is only around $200, although it is low compared to the price today, it is still quiet a large sum. The third reason is due to people saying that it could be an investment on par with stocks are real estate. I was shocked to learn it at first and at the same time doubtful coz how could an ordinary individual could participate with global economic investment with not that much money? And then here's crypto that actually disrupt our tradional views on finance. When I first encountered bitcoin I was not yet at legal age at the moment but, I want to earn money for me and also to have a litlt bit savings. At that time there are no opportunities available for me due to my age, then I found bitcoin that opens a lot of possibilities for me.
This is one of the common but most comprehensive explanations of why people hold Bitcoin. It is not only for the love of the coin but for profit. Every that believes in bitcoin has a love for the currency because of some unique advantage it has over fiat but we are all in the Bitcoin environment for profit. And you also highlighted the importance of patients because profiting might take some time. It will also be okay if one has a plan that one can use to transfer his coin to successors because life is unpredictable.
I think the majority of people are interested in crypto because of profits. They want to increase the amount of money for life. I'm sure that's the case. Crypto instruments are becoming a means of business today, the goals written in their projects are not the main goal. They write that to entice users to use their products. In addition I think these technological advances and changes will definitely happen. Digital money will eventually begin to replace government-printed banknotes or coins.
The straightforward explanation is that we hold Bitcoin in order to profit from its volatility. It actually depends on the person how long it will hold. When owning Bitcoin, each person should have a different justification. For myself, I hold it in until I can sell it for a nice profit. That doing so will certainly boost my portfolio. Consequently, I continue to accumulate Bitcoin when it dips. That's how my approach conducts. It's not necessary to keep something forever before we can no longer use it. Because we are uncertain of how long we would exist.
This is one of the common but most comprehensive explanations of why people hold Bitcoin. It is not only for the love of the coin but for profit. Every that believes in bitcoin has a love for the currency because of some unique advantage it has over fiat but we are all in the Bitcoin environment for profit. And you also highlighted the importance of patients because profiting might take some time. It will also be okay if one has a plan that one can use to transfer his coin to successors because life is unpredictable. Jump to: