Topic: Why are you not hodling - page 10. (Read 1106 times)

There are a lot of expenses this period, and even individuals with good financial discipline as having a difficult time keeping what they have saved for these kind of times, I am speaking from the situation of things in my country where the cost of petrol has increased and it is having an effect on the cost of other commodities. There is a need to change and adjust your budget to be able to cope with how expensive things have become. This is a challenge to the bitcoins that you have kept and planned not to tamper with.

Also because expenses have increased, there is less spare money to invest in bitcoins, investing in bitcoins now becomes a sacrifice that you are either willing to make or not.

I agree that to those people who are on having the opportunity on accumulating BItcoin through signature campaign is really an opportunity for you to do so but you cant really blame out someone on why they do actively
spending up those coins on weekly basis and converted to fiat because whether we do like it or not there are people who do really indeed making use of these funds on buying their needs.Despite on having that kind of optimism towards bitcoin and crypto to have those kind of possible opportunity of big profit on the time that this would really be having a bull run.Then they would definitely be missing out that chance and despite on
getting sad, they would rather be accepting their fate because they dont really have any choice but its true that if you are really that possibly be able to get a job and making signature campaigns or other jobs to be your
side hassle to make bitcoin accumulation then this would really be the best option or thing to make because you would really be able to accumulate coins without really that needing on spending it on week to week basis
since your main job would really be supporting your needs.

I support the idea of wanting to hold Bitcoin, I personally do, because in my experience with it, the best way to see gains is long term, as for what you say if bitcoin stopped being unstable, I doubt that, because one of the characteristics of BTC  is that it is not stable and that it would be impossible to be stable
 
On the other hand, I think that people don't have bitcoin simply because of lack of information, people think that they can only have one by buying it with 30 thousand dollars... but they don't know that you can have portions of bitcoin such as satoshis... Maybe in the future, this is not the case and people have a deeper study of this and some have a better vision of investing with Bitcoin.

OP, I believe anyone here onboard this platform must be a full ardent bitcoin enthusiasts and as such, one would say that there is every possibility believers of bitcoin would definitely hold as halving is around the corner.

Patience is just the key to achieving that but do you think with pressing needs and demands one can be able to make such attempt to hold?
I do not think ignorance is the issue,
Fear of price decline should not be an issue,
What i really think is the economic crisis ravaging the world currently, people are going through lots and would want sustenance for the moment so they would not mind withdrawing the little they have converting it to fiat and settling some pressing needs at hand, maybe family, school, medical etc. which one can not tell the reasons for their actions and they can do whatever they deem fit with their funds and assets.

If financial problem is the only alternative to not hodling, it is better to spend it all. There are colossal amount of reasons why people don't hodl other than financial disputes. If bitcoin is digital money then we also need to spend to make more bitcoin. The idea of money always requires money to make more money. A person that spends bitcoin today won't end up earning the amount of bitcoin he or she earns now in future. If a person gets their pay through bitcoin then what else do you expect them to eat when they don't convert to fiat. Remember we all encourage businesses to accept bitcoin in stores and online skills, they also need to sell to improve the growth of their business. I hodl more and sell some.  

Some signature participants are actually holding some portion of their weekly Bitcoin payment and using the remaining money for their own basic needs, whereas others withdrew the entire amount to cover their basic needs because they have no other means of income other than signature campaigns; thus, it will be difficult for such people to hold Bitcoin.

I feel that the price is still favourable for investment because no one knows when the market will begin to rise. However, waiting for another drop may not be beneficial because the price may not fall below $30k because we have less than six months till 2024 and we expect a halving then; so, the price of Bitcoin is expected to begin moving anytime soon.

I think almost many agree on this issue that they do not hold bitcoin because of insufficient financial resources to invest and can only meet their living needs, of course this is a problem in the lower middle class who have a mediocre salary every month.

Actually there are many factors where some of them believe in bitcoin investment, there are also those who feel less confident in bitcoin due to factors with unstable prices that tend to be more sensitive when there is negative news or FUD, prices are still difficult to predict (because they cannot analyze) and I think there are still many other factors that may be for some people still unsure.

For those as bitcoin fans they will know how the history of bitcoin every 4-year cycle, the highest price is always a record again after halving, I think they have strong instincts why they believe so much including myself in bitcoin, but surely there are other reasons they are not Holding Bitcoin.

to hold bitcoin at its current price is ridiculous. because bitcoin price has been trying to go up.
right now the best chance is to wait and see. because it can come back down. 

I’m now holding my Bitcoin but the only reason why I will sell my Bitcoin on current period is when i really need money for emergency that can’t be fully covered by my money on my bank or if I sense that there will be an upcoming FUD on crypto through the news channel. Right now, Bitcoin is very bullish due to the ETF hype so there’s no logical reason to not hold Bitcoin at this time.

I think most sellers is probably looking at 31K as a strong resistance since Bitcoin price failed to break this wall before. Price history can easily deceived weak hands to sell if they have a chance.

Lack of financial stability is the most common reason for people failing to hold even if they wish to do. So anyone who wishes to start investing whether it's on crypto or gold or any other asset need to achieve financial stability prior to making an investment which is possible by start saving money and reducing everyday expenses by being disciplined,

Once you saved decent money then you have to allocate it for investments which gives you a sense of control over your life and You can make decisions based on what you want to do, rather than what you have to do to make ends meet.

Lack of finances is a factor that affects all categories newbie, trader or investor. Hodling is not even a discussion when you lack the means to buy bitcoin. Signature campaigns is one of the ways one can earn bitcoins and grow their portfolio without investing. However, it is really difficult to hodl when you don’t have other source of income except signature campaigns.

Ignorance and fear are mostly what deprives newbies from investing in bitcoin, they do not understand what bitcoin is and are scared of investing in a digital currency that’s not regulated. I think there are more people who in the world who still cling to the old systems and will only put their money in traditional investments like real estate, gold, stocks, bonds e.t.c.

For those who are already in bitcoin, it’s a different story because they know the potential of bitcoin and they are engaged in the bitcoin ecosystem. There are different kinds of people in the crypto space, there are traders and there are investors. Traders do not necessarily believe they have to hodl long term to make profits, they usually have a trading plan that’s short term and gives them their target profit. While the other group which I call Investors, they are not interested in the risks associated with trading and only want to hodl for long term. Their plan is simple and safe.

 Bitcoin is a volatile currency and will never be stable. FOMO should not be the driving force for anyone to make an investment. I believe bitcoin will pump after the halving and historically it has followed that pattern, but there js no guarantee that bitcoin may reach a ATH next year.

Since many people find investing in Bitcoin to be prohibitively expensive, there hasn't been much adoption of the currency. Additionally, the perceived danger brought on by Bitcoin's volatility could turn away potential investors.

The financial literacies and cryptocurrency comprehension, however, should also be taken into account. The complexity of blockchain technology and the idea of cryptocurrency is something that a lot of people find difficult to understand, which can be intimidating for individuals without a technical background. The hesitation to invest in Bitcoin may also be influenced by this lack of knowledge.

Regarding the financial restriction, it concerns both risk tolerance and the availability of funds to invest. People with unstable finances or limited resources might not feel comfortable putting their precious resources at risk on something as erratic as Bitcoin. This is a prime illustration of the wealth inequality gap: whereas those with discretionary money may afford to invest and take risks, those who are trying to make ends meet cannot.

People who are not hodling they have the right answer to give, I can't really speak for them what may be their challenge for not hodling, it is their life and their choice.  Bitcoin is a personal race , those that will hodl will always hodl because they understand what they want. People have their personal reasons why they can't hodl which I know whenever it is the right time they will hodl. But I know The common reason why people don't hodl is because of financial challenge.

The signature campaign of this forum cannot be the subject of statistics as it affects a very limited audience and it is not easy to be admitted among other things.  I'm quite convinced that people don't hold Bitcoin because they haven't understood its potential and therefore either sell first or, as you said, some don't have the means to invest.  If only they hodlated from January to now they would have done a 100%

They just don't have money at all and that's it.

We tend to say that we should buy if we've got money and that's always the reason why everyone don't buy. But we will never know on how many of them are going to do it when they've got the actual money.

Whilst for the others that you've mentioned of spending it. Honestly, Bitcoin should really be spent in any ways that we can to help with its ecosystem, the miners are there, we are the investors and we're not just investors but also the consumers or users that has to use it. But no one is forcing us to spend all that we've got.

Personally, I think Yes, the lack of means and resources is one of the biggest reasons why people can be accurate more than a limit. Now youngsters are getting more involved in the market and crypto community which means the Alpha generation which still doesn't have stable financial status. Students and Youngsters only face this issue most of the time.

Also, I think fear of another dump is also a very common reason for those who are recently jumping into the market because they are hoping for a big drop which in my view currently not possible at all. As the buddy above said they should learn about DCA.

Frankly, except for financial challenges, I can't comprehend why a reasonable person with a campaign here would not have their Bitcoins. There can't be any justification for that unless the person is waiting for the right price to strike it.

Better still, one could DCA it. By doing that, more coins would be bought and I don't think such would ever miss out.

There are alot of persons out there who so wish to seize this very opportunity  to accumulate  and hodl more of bitcoin  but have no mean(money) to do so and this has been one of the major reasons to why people aren't hodling for now.

At some point,  some persons who even participate in signature  campaigns and earn bitcoin  without having to buy directly, who should have been the most persons to have some good figures in their portfolios still aren't having any because most of them either withdraw this earnings to fiat to be able to make ends meet or withdraw it to solve some issues but whatever the case be, alot of persons aren't hodling currently now not because they are ignorant  or even procrastinating but I believe  one of the major reason is because they don't have to means to invest.

And if you'll  agree with me that as a bitcoin enthusiast, we at some point believe  that after bitcoin  leaves this mess of instability,  then it should be aiming  for an all time high and no one would possibly  want to miss out of this intentionally if they have the means to buy.

Now I want to know what really do you think is holding people back for hodling this period?
Please try to answer the poll and I hope to update the thread with result of the thread after getting enough results, possibly after the 5th page.