Topic: What's your reasons for holding bitcoins? - page 2. (Read 542 times)

There is no one opposing your plans and views because anyone is really hoping this will happen to us someday if our prediction is successful, as long as you know the risk of it and are not thinking one-sided only because thinking one-sided only and blindly checking the risk will be the reason you lose a lot of money since for sure you'll go all in because you are 100% sure and it turns out it fails, then you'll end up living in the streets. Invest what you can afford to lose

It's important to understand that the decision to hold or sell Bitcoin is ultimately up to the individual investor and their personal financial goals and risk tolerance. Some people choose to hold Bitcoin for the long term as they believe in the technology and its potential to become a store of value like gold. Others may hold Bitcoin for short-term gains or to take advantage of market fluctuations.

One reason why some investors advise against selling when the price starts rising or falling is that it can be difficult to time the market. Bitcoin prices can be volatile, and trying to sell at the peak or buy at the bottom can be challenging, even for experienced traders. Additionally, if an investor sells their Bitcoin during a dip, they may miss out on potential gains if the price rebounds.

However, holding Bitcoin for the long term is not a guarantee of profit. Like any investment, Bitcoin is subject to market forces and can experience losses. Past performance is not an indicator of future results, and investors should be prepared for the possibility of losing money.

Ultimately, the decision to hold or sell Bitcoin should be based on an investor's financial goals, risk tolerance, and market knowledge. It's important to stay informed about market trends, technological developments, and regulatory changes that could impact the price of Bitcoin.
Ultimately, the decision to hold or sell Bitcoin should be based on an investor's financial goals, risk tolerance, and market knowledge. It's important to stay informed about market trends, technological developments, and regulatory changes that could impact the price of Bitcoin

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.

People hold bitcoin for bull market to make profits. Small investments can only get you little profits as the market pumps up but massive investments can get you rich. Holding on to Bitcoin is one of the greatest achievements in the space because it is a leading project in the cryptocurrency market. Keep track of individuals who purchased bitcoin at $16k and are now seeing bullish price movements to $25k or $30 the amount of money they have made an overwhelm and Important.I hold Bitcoin also to not try catch a train going full speed.As for me l hold Bitcoin for the future.I know very well to invest in Bitcoin will make me to be a wealthy man in future.invest a whole lot into bitcoin especially now that the market is currently experiencing some steps of bull trend to actually encover the actual definition of someone been rich.

i think your definition of rich matters, because you need to invest a whole lot into bitcoin especially now that the market is currently experiencing some strides of bull trend to actually encover the actual definition of someone been rich. Small investments can only get you little profits as the market pumps up but massive investments can get you rich. For me I think the reason for holding my bitcoin is specifically based on getting rich because I cant actually invest a huge capital that can get me rich but atleast i can use a means of saving my money with little interest added to it unlike the fiat banks where i would actually enquire losses.

All of us here who continue to believe in the future of bitcoin, of course, will hold in addition to getting high profits, of course holding bitcoin is a solution for us to save the wealth assets we have instead of having to keep them in the bank, now many of us which indeed makes bitcoin the main investment asset for the future so that as one of the largest cryptocurrencies in existence it is very unlikely for bitcoin to experience a price drop low enough let alone to have no value at all later.

I think that investing in Bitcoin will make everyone have a good future, especially from an economic point of view and plus I am a father who has children, at least keep bitcoin no matter how much I have, at least it can make my children have provisions in the future  for a living, or turning it around to run a business out there, and I'll definitely be working hard to provide direction from now on, so that later on they know what to do with those Bitcoins, without any direction from me..

Bitcoin provides us with many utilities, such as means of payment, currency, and asset storage… but holding bitcoin for a long time has only one purpose, which is the profit it brings us. With all that bitcoin has done in the past it is an asset that always grows over time and people hold it in the hope that it can make them rich. Holding is good, but I disagree with many opinions that they will keep bitcoins forever, bitcoins only benefit when we use them, so sell them when we need them.

There are many behind of the reasons for holding bitcoins for me. First of all it's give me secure investment platform and then it's also free me from the custody of the banking system. And it is the top and fastest growing Cryptocurrencies coin in crypto world and it's total supplies is only 21million which amount is gonna be small against the world population and As its usage is increasing day by day, I think its price will obviously increase in the future as the supply is less than the demand and this is one of the main reason for me to hold Bitcoin.

I just think I will be able to sell it 10x someday at least, my average BTC price is around $25K now. So I'm gonna HODL it and keep buying when it's cheap.

Holding on to Bitcoin is one of the greatest achievements in the space because it is a leading project in the cryptocurrency market. Keep track of individuals who purchased bitcoin at $5k and are now seeing bullish price movements to $60k; the amount of money they have made is astounding and significant. I'm always willing to help out with this endeavor. According to the leading market gurus and specialists, the bull run that will take bitcoin to $100k will undoubtedly take a long time. One of the biggest discrepancies one can make is not investing in bitcoin, which is equivalent to investing in a business while well aware that you're skipping some necessary purchases that must be made before that business can expand.

I believe investing in bitcoin will make me rich, especially now that there is a 4 year cycle that convinces me to take that opportunity, there are many alternatives that I buy for investment other than bitcoin

Bitcoin is not my only source of income. Infact I consider bitcoin not as a source of income but a store of value with potential for future increase. So, I do not even think twice about why I hold.
I just buy and forget about it. It is like buying gold or any other precious metal that you fancy. You buy it and keep it and turn your focus towards something else knowing that it can never depreciate in value. Despite the volatility of the market, my confidence stems from the fact that it can never go to zero.

Nobody has urged us to hold forever. Besides, we have our own decisions and control of our Bitcoin, and we can sell them anytime if we want.
We can hear that many individuals are suggesting holding during the bear season but it was reasonable because it was not ideal to take that option (selling) when you are losing. The price of Bitcoin doesn't just pump up after buying that is why holding is should be applied. If we are familiar with this cycle - buy, hold, and sell, meaning we accumulate today and sell later when the price is already profitable, and that is investment.

Too many people here realized long time ago that fiat is not a good thing and it doesn't really give you anything serious and that should be a good enough reason to just focus on something else, which in our case is bitcoin. It's such a horrible feeling that fiat, which is used the most and accepted everywhere and basically runs the whole world, is such a terrible thing for regular people like us that we are trying to run away from it.

If you are Elon Musk then you have no trouble with fiat, even though he acts as if he likes crypto, he doesn't have to, but if you are like me, the system is crooked for those rich people and that is why I pick bitcoin over any other currency.

This is actually depends on someones preferences and perceptions towards Bitcoin or on making money or whether they do really treat it as a digital currency, but i do believe that most people would really be coming after for making money since we know that human beings does really love money.This is why they would really be tending to hold it no matter what because it does really give out that opportunity.Just let them be on whatever those things that they do have in mind because not all would really be that having on the same thing on what they do been thinking.If they do tend to hold for long term then its their choice.
Its their money so its their full decision whether on what things they would really be doing.

It's not bad, the fact of having opened your eyes on time is one of the best things, for these reasons people change their way of saving and having money through bitcoin, also the best thing is that money is not necessary Let no one else manage it, if you have the public and private keys, the money is yours, when there is money in the bank, the money is not really ours, I have read some cases where there are banks that fail and do not return their funds to to the people That does not happen with bitcoin, unless the private keys are lost, it is impossible for them to recover them, which is why it is also delicate.

Op's position about selling when the price looks right is reasonable. I don't support the idea of eternal hodling either because if a person never gets to benefiting from the wealth generated by Bitcoin, there's little sense in having it at all (unless the point is to donate it to others, of course, so that someone else benefits from it). I sell occasionally when I need to and/or when the price seems better than it's been for a while. I don't feel bad about it, and I would use Bitcoin directly if I could purchase groceries or pay the rent with it, but it's not possible yet. I also understand those who want to wait till the time comes when they can use Bitcoin directly, but even this waiting time should have a maximum limit because there's a chance it'll never come (and, in another sense, we're already living in the world where Bitcoin can be used for many things if one is willing to look for the right places, brands and options).

At the moment, my assets are mostly outside of bitcoin, but in stable coins. The fact is that before, bitcoin was worth little, and the world knew little about it. There was a huge prospect for growth. Now, when people are constantly talking about bitcoin on TV, its price is not growing as rapidly as before. And the market is no longer so predictable. Plus, a lot of speculators are playing on the price, and the influence of enthusiasts is weakening. This affects the fact that just holding Bitcoin becomes unprofitable.

Hold the amount of bitcoin you can afford to leave with for a long time without any panic on the price whether it goes up of down, if you hold bitcoin and you know ot as an alternative financial and investment tool it will bring a level of freedom to you are tou are sure, that your bitcoin can not be blocked or unusable and no one other than you is in control of your bitcoin balance.
So to me, I have multiple reasons why I hold Bitcoin, but my ultimate reason is for the freedom it presents and is a readily available alternative.