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Topic: What's your reasons for holding bitcoins? - page 4. (Read 587 times)

hero member
Activity: 1022
Merit: 673
February 19, 2023, 02:09:26 PM
#32
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.
First I was going to say is that, you've come a long way and have got a long way to go but, that's cool. For what is worth, you've responded out of your understanding and that's okay.
The thing is, bitcoin in recent times have come to not be just a currency. It's multi tasked or multipurposeful and as such, you've got to treat it not just as you treat other currencies out there but as an asset. You don't see people doing away with an asset having some potentials just the way they like. You've got to give it the time it needs to appreciate in some lofty value.

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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.
It is indeed yours to decide when to take it or not and that's why, you are at liberty with all you've got and the best anyone could offer you is merely an advice. It doesn't go above that and as such, it would be awful seeing some threads of lamentation on how you ought to have hold when the bullrun comes or when you see what your few sats could have been worth in decades.
sr. member
Activity: 2100
Merit: 309
February 19, 2023, 01:18:40 PM
#31
I disagree with people mindset keep holding when Bitcoin reached higher price and they will be panic selling when Bitcoin drop or faced with bad news, I think not matter become long term holding with Bitcoin but still not stable price and some time facing bad news have impact with Bitcoin price going drop.

I take opportunity keep selling Bitcoin and not have reason with long term holding if get chance for selling on higher price and buy back later with lower price. Maybe some one with good financial keep holding Bitcoin in long term and have another passive income without have to sell their Bitcoin assets.
legendary
Activity: 2674
Merit: 1823
Rollbit.com | #1 Solana Casino
February 19, 2023, 12:32:37 PM
#30
It doesn't matter much what most people think. What's great about Bitcoin is that you don't really need to care much on what people use it for, as long as you can use it for your preferred purpose.
Your wallet and your coins, then bitcoin is the responsibility of the owner, no third party will manage it.
Used as anything it will not be a problem for others.

Here maybe we learn how people who have lots of bitcoins manage these bitcoins to provide long term benefits.
Because people will not hold bitcoins forever without any purpose.

Besides profit, I guess we all have different reasons I have mine for betting which is still going to be considered for profit. But one reason that anyone has not yet heard of I think was that Holding Crypto or BTC with you makes you attractive  Grin

Oh yeah that might surprise you but according to binance survey, crypto could have a positive impact on one's attractiveness. Below is CZ's tweet about it. Time to get laid O yeah!
https://twitter.com/cz_binance/status/1625465624771035138
Talking about someone's fascination with holding bitcoin, then you are indirectly showing off that you hold bitcoin, and then people start to get interested.
This will be dangerous for you if there are other people who have bad intentions to steal your bitcoins.
But as long as you still keep your personal address secret, then it can be avoided.

The reason for holding bitcoins just to make it attractive is a reason that will not be entirely true, because in the end everyone is holding bitcoins because the profits will be bigger.
legendary
Activity: 2380
Merit: 1343
February 19, 2023, 11:49:50 AM
#29
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?
You are the sole owner of the bitcoin in your wallet and if you do not want to hold that long then no one can force you.

However the recommendation of holding your coins for as long as you can comes from the fact that bitcoin keeps going up in value, it is true it can go down as well but on average it only goes up, and if that is the case then why sell an asset like that? The most logical move would be to keep it and use fiat which does the opposite process whenever possible, by the way this process has a name and it is called the gresham law and it has been a known process for a very long time.

Thats it, because Bitcoin is unlike anything else, meaning its deflationary and its adoption
grows this contributes to its decreasing supply and increasing demand. This also
means in the long term its market prive increases.


What's the secret that's different from taking profit?


This question has been asked many times here on the forum. Not everyone can or wants to
time the ATH to take profits, others can and do, it can be very tricky and hindsight
is 20/20 vision.

As mentioned by others, Bitcoin can be many things and when you have complete control
over what you own in your own personal wallet you are free to do what you want 24/7
365 days of the year.
hero member
Activity: 3038
Merit: 617
February 19, 2023, 11:41:48 AM
#28
Besides profit, I guess we all have different reasons I have mine for betting which is still going to be considered for profit. But one reason that anyone has not yet heard of I think was that Holding Crypto or BTC with you makes you attractive  Grin

Oh yeah that might surprise you but according to binance survey, crypto could have a positive impact on one's attractiveness. Below is CZ's tweet about it. Time to get laid O yeah!
https://twitter.com/cz_binance/status/1625465624771035138
hero member
Activity: 1778
Merit: 746
February 19, 2023, 11:09:44 AM
#27
Is that long term bitcoin don't experience losses?
If you understand investment patterns, it is clear that bitcoin is the best choice to hold in the long term, bitcoin has unique characteristics compared to other cryptos. Currently bitcoin has found a much larger recovery from the correction process in the previous year and the accumulation of recovery can be seen from the previous basic correction process. Bitcoin is indeed a long-term asset, proven to be able to provide benefits to whoever holds it.
jr. member
Activity: 31
Merit: 2
February 19, 2023, 10:27:10 AM
#26
I am holding bitcoins because:

1) It is the first crypto.

2) It is based on blockchain which I trust.

3) My clients want to pay me in bitcoins

4) I have got good returns by holding and investing in bitcoins so far

5) Bitcoin has a limited supply which makes it more valuable
full member
Activity: 812
Merit: 108
February 19, 2023, 10:07:12 AM
#25
Honestly,, I hold bitcoin for the main reason is speculation, faith in bitcoin is growing, so I decided to hold bitcoin for a long time to find an opportunity to escape from a difficult life to find financial freedom.  In difficult economic times, I don't want to waste bitcoins (using payments, shopping, ...) because for sure bitcoin - a 1000 billion asset will soon return and will be worth more than that.
full member
Activity: 434
Merit: 100
February 19, 2023, 09:23:04 AM
#24
I would have to list these reasons for a very long time
hero member
Activity: 1470
Merit: 555
dont be greedy
February 19, 2023, 07:36:24 AM
#23
there are dozens of reasons to hold or not hold Bitcoin. it all depends on many factors, including fiscal or legal ones...but actually having easy access to conversion into fiat or merchants who accept it for payments would lead to more users willing to hodl. it's probably just a matter of time... waiting for the next halving....

Is the meaning that there are still many people who want to use their investment funds to buy their daily food needs? Why would they run out of fiat currency and resort to using a little BTC to buy food? There's nothing wrong with that, but it seems like people in that situation should start learning basic investment knowledge like financial management.

In addition to their status as an investor being valid, they can still have enough to eat by using income from their job if they are employed by a company.

Regardless of when that time will come, one thing is certain: anyone who owns Bitcoin before it becomes mainstream has already won against their emotions.

full member
Activity: 1512
Merit: 115
February 19, 2023, 07:14:16 AM
#22
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?
At the end of the day, it all depends on you the investor. All others would say is what they believe will be bast for their investment which they believe if you take the same approach you might earn more.

The chat is straightforward and there are no stories even when it is really long, HODLing your Bitcoin asset for the long term is profitable and investors that have taken that step will likely tell you not to sell cos they have seen it happen over and again, Bitcoin will always come from the bottom to make another ATH and you would still be in profit. Imagine an investor that bought during the 2013 ATH around $1122 and is HODLing to date.
Even someone that bought during the ATH of 2017 would still be in profit now, However, I do understand what you are saying. I know I would want to sell during ATHs and buy back during bear markets instead of holding the same amount trough out the whole continuous circle.

hero member
Activity: 1400
Merit: 770
February 19, 2023, 07:10:15 AM
#21
My questions is people keeping bitcoin for too long and begins to hear story?
I did that, so far I feel lucky. I know BTC from 2015. There are actually two final results that I know. He got richer or he lost then went out and didn't get back in touch with crypto.  

What's the secret that's different from taking profit?
There is no special secret everyone can learn and master. It's just that everyone is capable of mastering or not. There are three keys that I hold technical, fundamintal and disciplined.

Is that long term bitcoin don't experience losses?
So far no, but if he made the right decision. If I were holding back from 2015, then at the current price I would have ten times what I was holding at the time. As far as trust in BTC still exists, it doesn't matter.
mk4
legendary
Activity: 2870
Merit: 3873
Paldo.io 🤖
February 19, 2023, 07:03:15 AM
#20
But unfortunately, 99% of people in this market are looking at bitcoin as an investment rather than a currency, only 1%, like you see bitcoin as a currency. I believe that whether bitcoin becomes popular or not, it will be called a commodity rather than a currency. No government accepts it as currency even el-salvador call bitcoin a legal tender, but their government is investing in bitcoin and hopes it will rise again.

It doesn't matter much what most people think. What's great about Bitcoin is that you don't really need to care much on what people use it for, as long as you can use it for your preferred purpose.
hero member
Activity: 1204
Merit: 545
February 19, 2023, 06:58:21 AM
#19
As a fellow crypto enthuisiast, I understand why your confused by the hold vs. sell debate when values fluctuate. A mind-bogling choice. Before risking money, establish a plan. This plan should handl hazards in the short and long term.

I carefuly watch the market. I make smart movements with the current dope and trends. Crypto investment isn't conventional, but if you sell or hold at the proper time, you can profit. Be sharp, patient, and brav enough to call in when the chips are down.

Cryptocurrency requires a zany sense of humorr. Even seasoned investors can't predict the markets swings. I joke that investin in bitcoin is like ridin a rollercoaster—you may pee your pants, but it's worth it. Do your research, make a strategy, and prepare for the ride if you want to join the crypto bandwagon!
legendary
Activity: 3276
Merit: 3537
Nec Recisa Recedit
February 19, 2023, 06:53:48 AM
#18
there are dozens of reasons to hold or not hold Bitcoin. it all depends on many factors, including fiscal or legal ones...but actually having easy access to conversion into fiat or merchants who accept it for payments would lead to more users willing to hodl. it's probably just a matter of time... waiting for the next halving....
legendary
Activity: 2562
Merit: 1252
Leading Crypto Sports Betting & Casino Platform
February 19, 2023, 06:43:13 AM
#17
Are there other reasons than to earn profit except for making huge transactions while avoiding taxations? I think reasons of people from holding will only revolve around these two. Bitcoin is simply a digital and decentralized currency which may be used for transactions but is also an asset wherein there is a tendency for a market price increase over years, problem only is market price volatility. Given that the market value is solely dependent with demand, it is not surprising that its value will change from time to time depending on events related on this technology or industry in general. But many investors are making a way to make use of this volatility and to generate profit so I guess there's no other reason.
sr. member
Activity: 658
Merit: 280
February 19, 2023, 06:40:16 AM
#16
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.
First of all everyone suggests you to invest in Bitcoin for long term. Because we have seen before that many people have made huge profits by investing in Bitcoin for the long term.  Maybe now you are buying some bitcoins but after some profit when you sell the bitcoins you might get small profit.  Everyone tells you to hold for long time to get more profit.

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?
Investing in Bitcoin does not mean that profits can be confirmed. Profit and loss are mainly invested with them.  However, the amount of profit that can be earned by investing in a short period of time can be several times more than that of holding for a long time. Yes maybe long time holding has not only the possibility of profit but also the possibility of loss. But if one can be patient then surely it is possible to recover that loss and earn much more profit.
hero member
Activity: 1246
Merit: 768
Rollbit - The #1 Solana Casino
February 19, 2023, 06:30:36 AM
#15
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?
You only need to run what you want on Bitcoin. If you don't want to hold it in the long run, it doesn't matter at all because Bitcoin is basically only the owner who can control it.
Maybe you can enjoy the pattern that you are currently doing, then continue.

Let us do the long term holding.
One thing is certain that Bitcoin can provide much greater benefits for those who are able to be patient with long-term investment patterns.
legendary
Activity: 1176
Merit: 1005
crunck
February 19, 2023, 06:29:09 AM
#14
I heard people keep saying don't sell when the price rise a little, or when it starts dropping!
You should never sell bitcoin just because price went up or down, a little or a lot.
Bitcoin is not an investment to begin with, it is a currency and you shouldn't buy it only to make profit. It is a currency that is designed to give you financial sovereignty.

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I don't get, why are you holding it for long?
I don't hold bitcoin, I use it as a currency meaning as it was meant to be used. To receive payments and make payments.

Quote
Is that long term bitcoin don't experience losses?
Not so far and possibly not in the foreseeable future until mass adoption.

But unfortunately, 99% of people in this market are looking at bitcoin as an investment rather than a currency, only 1%, like you see bitcoin as a currency. I believe that whether bitcoin becomes popular or not, it will be called a commodity rather than a currency. No government accepts it as currency even el-salvador call bitcoin a legal tender, but their government is investing in bitcoin and hopes it will rise again.
mk4
legendary
Activity: 2870
Merit: 3873
Paldo.io 🤖
February 19, 2023, 05:57:08 AM
#13
Because fk the authorities and I don't want them having control over my finances.

And of course, money. Who doesn't want to take advantage of the value increase?
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