Why are you not hodling | Bitcointalksearch.org

sompitonov

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Quote from: Jocuserious on July 28, 2023, 12:03:19 PM

Sure, those who don't hold Bitcoin may not have a chance to understand where Bitcoin could go in the future. Moreover, many investors run out of money and sell their Bitcoin deposits. Actually small investors can know many future operations from here but they have less money so they are left behind. The price of Bitcoin is much lower now compared to the last few years so there is a lot of profit for big investors.

In the current cycle of the bitcoin market, as it is now, you need to keep them not to sell. Yes, it can be hard, but remember what happened in past cycles. People regretted not buying when there was a similar market. I am absolutely sure that in the future bull cycle, people will regret not buying just as much as in the past. Time passes, but people don't change.

Quote from: qwertyup23 on July 28, 2023, 12:25:47 PM

I think the reason is due to my weekly/monthly expenditures.

Unfortunately, what I earn monthly is insufficient for the expenses that I incur almost every month. With the BTCs that I receive from my campaign signature, this somehow alleviates my expenses and it supports majority of my purchases. Instead of HODLing, I use my BTCs in which I always regret, to say the least. I just hope that I get motivated enough to actually save my BTCs for the incoming fork this 2024.

At the end of the day, it really boiled down on how I view my expenses. As someone who is still studying, I do admit the fact that I chose to live this kind of lifestyle- where I buy food at least 3-4 times/day.

The fact that you recognized it is already a big step. I understand you well because I have a similar situation. If we spend our bitcoins now, then we need to be prepared not to regret it in the future.

qwertyup23

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I think the reason is due to my weekly/monthly expenditures.

Unfortunately, what I earn monthly is insufficient for the expenses that I incur almost every month. With the BTCs that I receive from my campaign signature, this somehow alleviates my expenses and it supports majority of my purchases. Instead of HODLing, I use my BTCs in which I always regret, to say the least. I just hope that I get motivated enough to actually save my BTCs for the incoming fork this 2024.

At the end of the day, it really boiled down on how I view my expenses. As someone who is still studying, I do admit the fact that I chose to live this kind of lifestyle- where I buy food at least 3-4 times/day.

Jocuserious

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Sure, those who don't hold Bitcoin may not have a chance to understand where Bitcoin could go in the future. Moreover, many investors run out of money and sell their Bitcoin deposits. Actually small investors can know many future operations from here but they have less money so they are left behind. The price of Bitcoin is much lower now compared to the last few years so there is a lot of profit for big investors.

Furious 7

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Quote from: Rockstarguy on July 27, 2023, 03:10:41 PM

Quote from: Wend on July 25, 2023, 05:52:13 PM

Quote from: RewFrew on July 25, 2023, 02:32:07 PM

Yes you told absolutely correct. Many people are not holding their fund. Some people holding but most of the people withdraw his fund. And sone people buying another altcoin i think. Some people holding bitcoin for future benefit i strongly believe it. After covid now maximum people are in economic crisis. So they Couldn't holding i think.

I couldn’t hold my bitcoin which i received from signiture because i am survive with it. My family depend on my earning. So i couldn’t holding right now.

In my opinion, there is no need to be too rigid about holding bitcoins or not. I mean, depending on one's economic situation, if we need to use it for daily life, we have no reason to hold it. After all, bitcoin is just money to serve our needs as long as it benefits us, then there is nothing wrong.

I'm also using my earned bitcoins and I'm happy with that although many will say that holding bitcoins for a long time is more profitable. But how can I hold bitcoin while my family is still struggling for daily needs?

Some People really understand the importance of hodling Bitcoin and really wish to hodl Bitcoin but because of the financial challenge they face everyday it has been serious problem why hodling Bitcoin is difficult. The current economic crisis is one of the reasons why some people find it difficult to hodl but because it is impossible to invest in bitcoin when their are problems to solve with money.

For one to be able to invest in bitcoin without distraction of financial challenges I think more sources of income needs to be generated, this will help to hodl Bitcoin because their are more earnings.

In this case as much as possible their financial management needs to be better.
Actually, when talking about crisis or difficulty, this is one of the reasons why many people always fail when in bitcoin but something like that will be passed if we really manage our finances well.
Bitcoin is a pretty good investment but that doesn't mean when we are in bitcoin we let go of the business or job we have because it is a fixed source for you.
Indeed, there will be several conditions where we will definitely have difficulties but in this case we have to survive and do not make the reason for the economic crisis make you slumped because precisely with you slumped in that condition you will be even more depressed so we need to survive and one of the ways is like what you said by continuing to try to find opportunities both in work or business so that we also don't see the assets we have as the last hope we can live.

CarnagexD

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Quote from: Promocodeudo on July 28, 2023, 03:49:13 AM

Holding is a personal decision, sincerely as a Bitcoiner, the best way to grow your profit is by holding tight, but circumstances have made people continue doing otherwise.

The truth is you can not have pressing needs and you keep holding, what if, it is life-threatening stuff, what will you do in such a situation, will you just hold because you want to grow wealth, I think is no for me.

Holding is a good strategy but it mainly for not necessarily the rich but also for someone whose income is high, so that he won't think of withdrawing anytime soon, in other to achieve his purpose of holding which is profit.

Because with BTC market cap and market price, small movement over it only gives a minimal amount of % gains. So if you also have only a little amount of BTC holding, it is more likely you won't feel it either. So IMO, people who are earning in crypto instead of holding it prefer to use it as side hustle and compensate for their expenses. They don't invest but only use it right away like a paycheck. It's not a sin btw. It just happen that that's what works for them and nothing is bad from that.

What matters is that if BTC gives us help with our finances, for like a side hustle. Then that is a good thing, is it?

Promocodeudo

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Holding is a personal decision, sincerely as a Bitcoiner, the best way to grow your profit is by holding tight, but circumstances have made people continue doing otherwise.

The truth is you can not have pressing needs and you keep holding, what if, it is life-threatening stuff, what will you do in such a situation, will you just hold because you want to grow wealth, I think is no for me.

Holding is a good strategy but it mainly for not necessarily the rich but also for someone whose income is high, so that he won't think of withdrawing anytime soon, in other to achieve his purpose of holding which is profit.

spectre71

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I don't really hodl but maintain a base, I buy/sell of equations not emotion or what I think will happen.

Arbitrary number: say I put 10k in and DCA 200 a month. My base grows by 200 a month. And I keep track of my blended price average. Say a year from now my base is 11,200 but my current sale price is 15, I am got to take that 3.8k and set it aside while continue to DCA. If it goes significantly below my blended average purchase price I will buy my avg down with the set aside cash.

I have zero issue with taking FOMO'rs money

Rockstarguy

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Quote from: Wend on July 25, 2023, 05:52:13 PM

Quote from: RewFrew on July 25, 2023, 02:32:07 PM

Yes you told absolutely correct. Many people are not holding their fund. Some people holding but most of the people withdraw his fund. And sone people buying another altcoin i think. Some people holding bitcoin for future benefit i strongly believe it. After covid now maximum people are in economic crisis. So they Couldn't holding i think.

I couldn’t hold my bitcoin which i received from signiture because i am survive with it. My family depend on my earning. So i couldn’t holding right now.

In my opinion, there is no need to be too rigid about holding bitcoins or not. I mean, depending on one's economic situation, if we need to use it for daily life, we have no reason to hold it. After all, bitcoin is just money to serve our needs as long as it benefits us, then there is nothing wrong.

I'm also using my earned bitcoins and I'm happy with that although many will say that holding bitcoins for a long time is more profitable. But how can I hold bitcoin while my family is still struggling for daily needs?

Some People really understand the importance of hodling Bitcoin and really wish to hodl Bitcoin but because of the financial challenge they face everyday it has been serious problem why hodling Bitcoin is difficult. The current economic crisis is one of the reasons why some people find it difficult to hodl but because it is impossible to invest in bitcoin when their are problems to solve with money.

For one to be able to invest in bitcoin without distraction of financial challenges I think more sources of income needs to be generated, this will help to hodl Bitcoin because their are more earnings.

AakZaki

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Being grateful is the best way to be able to enjoy whatever we earn from crypto. As a permanent job or a side job, crypto will give good results as long as we can follow the trend in crypto and keep growing. Not content with just one skill, but trying others. Investing in crypto will pay off fairly well as long as you are patient and choose the right coin.

Blitzboy

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Quote from: Fuso.hp on July 26, 2023, 04:09:09 AM

Quote from: YUriy1991 on July 26, 2023, 03:27:13 AM

Quote from: Obari on July 05, 2023, 01:22:17 PM

Now I want to know what really do you think is holding people back for hodling this period?

BTC is indeed recognized as a potential asset and long-term investment pattern. I think the general and main reason is that if someone already feels that they are benefiting from the value of crypto assets, then they can immediately sell it to get a profit and not hold it for too long and that is regardless of the factor of fulfilling our daily needs, for example the cost of eating, drinking, work operations or others.

Bitcoin is a long-term investment platform where long-term investment has a chance of earning huge profits. If we invest in Bitcoin for a short period of time, we will not understand the amount of profit and loss from Bitcoin. To understand the amount of profit and loss, we must hold for a long time. One thing I have noticed is that people usually choose some ALT coins for short term trading, the price of bitcoin does not change much in short period of time, so for regular trading people think ALT coin is good choice, but for long term investment, they need security of money which usually people get from bitcoin. Investing in Bitcoin over a longer period of time will never risk your money but investing for a longer period of time will give you a higher chance of profiting from that investment.

Slow and steady, it is said, is the way to success. Bitcoin's credibility and widespread use function as a safety net of sorts. It's the equivalent of the "gold standard" in cryptography. The extreme volatility that makes alternative coins attractive for short-term trading also makes them more volatile and risky. Keep in mind that taking more of a chance could lead to greater gains but also larger losses.

sompitonov

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Quote from: CryptoHeadlineNews on July 26, 2023, 05:08:22 AM

Quote from: YUriy1991 on July 26, 2023, 03:27:13 AM

Quote from: Obari on July 05, 2023, 01:22:17 PM

Now I want to know what really do you think is holding people back for hodling this period?

BTC is indeed recognized as a potential asset and long-term investment pattern. I think the general and main reason is that if someone already feels that they are benefiting from the value of crypto assets, then they can immediately sell it to get a profit and not hold it for too long and that is regardless of the factor of fulfilling our daily needs, for example the cost of eating, drinking, work operations or others.

Yes, that's true, because lack of an extra source of income is another reason why most Bitcoin holder sells their coins early without holding them for long, just to afford daily bread and sort out some daily bills & family problems. However, selling coins is not a problem in as much as they will someday buy when they have the funds to afford, because just as an investment is very important, life & good health of oneself and family members should always be our topmost priority in whatever we do, as there is a popular saying "It's only the living who worries about money".

The sale of BTC, for those who haven't a permanent source of income, depends on the market cycle. If you have made good money on a bullish cycle, then this will allow you to live for several years without thinking about anything. But if you missed a bull cycle, then you will probably have to look for a permanent source of income until the next cycle, hoping to capitalize on it.

It is extremely rare that there are lucky ones who managed to earn a fortune, probably in BTC we can expect such a thing ahead, at least I would like it.

summonerrk

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Quote from: Obari on July 05, 2023, 01:22:17 PM

~~~
Now I want to know what really do you think is holding people back for hodling this period?

Bsb that you are trying to collect statistics about all crypto enthusiasts in one comb. The fact is that those whom you have just described, namely people who are trying to keep bitcoin on their wallets, are most likely beginners. The fact is that holding bitcoin is good only if you bought it at the bottom of the price and are waiting for growth. But if the situation is as it is now - when the market is frozen in anticipation somewhere at the average level - experienced players still make a profit. Namely, from fluctuations, selling bitcoin in small parts and buying stable coins, and then vice versa. For example, I bought for 22,000. And I sold a part for 31,000. And I'm not writing this yet about the fact that many people resell altcoins.

YUriy1991

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Quote from: Fuso.hp on July 26, 2023, 04:09:09 AM

Bitcoin is a long-term investment platform where long-term investment has a chance of earning huge profits. If we invest in Bitcoin for a short period of time, we will not understand the amount of profit and loss from Bitcoin. To understand the amount of profit and loss, we must hold for a long time. One thing I have noticed is that people usually choose some ALT coins for short term trading, the price of bitcoin does not change much in short period of time, so for regular trading people think ALT coin is good choice, but for long term investment, they need security of money which usually people get from bitcoin. Investing in Bitcoin over a longer period of time will never risk your money but investing for a longer period of time will give you a higher chance of profiting from that investment.

For techniques and efforts to increase the Estimated Value of investment True as what you have written and very relevant to patterns and strategies. and what @CryptoHeadlineNews has put forth is Fact and it continues in this life. That's right, we work either permanently or sideways (online) the main goal is not to get rich. at least it's enough to meet our daily needs, I'm very grateful, let alone getting more convenience than what we expect.

laurenB7742

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Quote from: Fuso.hp on July 26, 2023, 04:09:09 AM

Quote from: YUriy1991 on July 26, 2023, 03:27:13 AM

Quote from: Obari on July 05, 2023, 01:22:17 PM

Now I want to know what really do you think is holding people back for hodling this period?

BTC is indeed recognized as a potential asset and long-term investment pattern. I think the general and main reason is that if someone already feels that they are benefiting from the value of crypto assets, then they can immediately sell it to get a profit and not hold it for too long and that is regardless of the factor of fulfilling our daily needs, for example the cost of eating, drinking, work operations or others.

Bitcoin is a long-term investment platform where long-term investment has a chance of earning huge profits. If we invest in Bitcoin for a short period of time, we will not understand the amount of profit and loss from Bitcoin. To understand the amount of profit and loss, we must hold for a long time. One thing I have noticed is that people usually choose some ALT coins for short term trading, the price of bitcoin does not change much in short period of time, so for regular trading people think ALT coin is good choice, but for long term investment, they need security of money which usually people get from bitcoin. Investing in Bitcoin over a longer period of time will never risk your money but investing for a longer period of time will give you a higher chance of profiting from that investment.

Bitcoin is an investment and it will give you a good return when you hold it for the long term, but that does not mean short term investment will not be profitable, it all depends on your skill. Moreover, an asset that can bring big returns always comes with great risks, there is no asset that can bring high returns without risk whether you hold it long term or short term. I do not agree with your statement, bitcoin is not as divine as you claim, it is also just a risky investment.

CryptoHeadlineNews

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Quote from: YUriy1991 on July 26, 2023, 03:27:13 AM

Quote from: Obari on July 05, 2023, 01:22:17 PM

Now I want to know what really do you think is holding people back for hodling this period?

BTC is indeed recognized as a potential asset and long-term investment pattern. I think the general and main reason is that if someone already feels that they are benefiting from the value of crypto assets, then they can immediately sell it to get a profit and not hold it for too long and that is regardless of the factor of fulfilling our daily needs, for example the cost of eating, drinking, work operations or others.

Yes, that's true, because lack of an extra source of income is another reason why most Bitcoin holder sells their coins early without holding them for long, just to afford daily bread and sort out some daily bills & family problems. However, selling coins is not a problem in as much as they will someday buy when they have the funds to afford, because just as an investment is very important, life & good health of oneself and family members should always be our topmost priority in whatever we do, as there is a popular saying "It's only the living who worries about money".

Fuso.hp

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Quote from: YUriy1991 on July 26, 2023, 03:27:13 AM

Quote from: Obari on July 05, 2023, 01:22:17 PM

Now I want to know what really do you think is holding people back for hodling this period?

BTC is indeed recognized as a potential asset and long-term investment pattern. I think the general and main reason is that if someone already feels that they are benefiting from the value of crypto assets, then they can immediately sell it to get a profit and not hold it for too long and that is regardless of the factor of fulfilling our daily needs, for example the cost of eating, drinking, work operations or others.

Bitcoin is a long-term investment platform where long-term investment has a chance of earning huge profits. If we invest in Bitcoin for a short period of time, we will not understand the amount of profit and loss from Bitcoin. To understand the amount of profit and loss, we must hold for a long time. One thing I have noticed is that people usually choose some ALT coins for short term trading, the price of bitcoin does not change much in short period of time, so for regular trading people think ALT coin is good choice, but for long term investment, they need security of money which usually people get from bitcoin. Investing in Bitcoin over a longer period of time will never risk your money but investing for a longer period of time will give you a higher chance of profiting from that investment.

YUriy1991

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Quote from: Obari on July 05, 2023, 01:22:17 PM

Now I want to know what really do you think is holding people back for hodling this period?

BTC is indeed recognized as a potential asset and long-term investment pattern. I think the general and main reason is that if someone already feels that they are benefiting from the value of crypto assets, then they can immediately sell it to get a profit and not hold it for too long and that is regardless of the factor of fulfilling our daily needs, for example the cost of eating, drinking, work operations or others.

Cryptmuster

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Quote from: GeorgeJohn on July 25, 2023, 03:04:32 AM

That to say you have already know the rudiments of investment and trading, so if you continuously trade in such it will be difficult before you experience lose, not everyone especially the beginners can apply the wisdom you use in such investment and trading, using altcoin for trading and using bitcoin for investment, that means you're consistent in trading and should make you to know when altcoin is promising and when you notice that you add more to make more profit.

It comes with experience, some altcoins I can hold longer, and some I will sell on the first pump. Sometimes it even happens that I can sell at stop-loss some of them without a profit with a minimal loss, but I never allow big losses on altcoins, this is just a tool for me to increase the quantity of bitcoins. And it would probably be difficult for me to explain to some newbie how it works for me, sometimes you need to act quickly, everyone should develop a working strategy for themselves and remember that it is always important to increase the amount of bitcoin in our cold wallet.

Wend

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Quote from: RewFrew on July 25, 2023, 02:32:07 PM

Yes you told absolutely correct. Many people are not holding their fund. Some people holding but most of the people withdraw his fund. And sone people buying another altcoin i think. Some people holding bitcoin for future benefit i strongly believe it. After covid now maximum people are in economic crisis. So they Couldn't holding i think.

I couldn’t hold my bitcoin which i received from signiture because i am survive with it. My family depend on my earning. So i couldn’t holding right now.

In my opinion, there is no need to be too rigid about holding bitcoins or not. I mean, depending on one's economic situation, if we need to use it for daily life, we have no reason to hold it. After all, bitcoin is just money to serve our needs as long as it benefits us, then there is nothing wrong.

I'm also using my earned bitcoins and I'm happy with that although many will say that holding bitcoins for a long time is more profitable. But how can I hold bitcoin while my family is still struggling for daily needs?

RewFrew

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Yes you told absolutely correct. Many people are not holding their fund. Some people holding but most of the people withdraw his fund. And sone people buying another altcoin i think. Some people holding bitcoin for future benefit i strongly believe it. After covid now maximum people are in economic crisis. So they Couldn't holding i think.

I couldn’t hold my bitcoin which i received from signiture because i am survive with it. My family depend on my earning. So i couldn’t holding right now.

Topic: Why are you not hodling (Read 1106 times)