Topic: Why are you not hodling - page 2. (Read 1106 times)

If a survey is carried out, almost all respondents give the same answer, they really want to collect and store more Bitcoins. Just because the money they have is very limited, they have to discourage themselves from owning Bitcoin. This incident is the same as when you ask someone who doesn't have a house, that person will of course give the answer that they really want to own a house, but because of financial limitations they are forced to rent a simple house as an alternative temporary residence.

Who knows someone's economic level, they should be the luckiest people because they can get Bitcoin without having to buy it directly. Economic factors make a person forced to destroy the portfolio in order to make ends meet or other urgent needs. There are other demands that make them have no other choice, I fully understand when someone is in this situation, their heart doesn't want to sell Bitcoin but because there is an element of compulsion they have to go against their wishes.

Bitcoin is an asset which everyone wants to hold until they have greater profit but if they are selling their bitcoin then surely there will be some important reason behind it.

Sometimes people sell their bitcoin because of their fear to loss money and it is not a good idea because they should realise that one day the market will goes more up and their money will increase again.

Sometimes people sell their important things because they cannot afford the things which are crucial for life and I think that managing the problem during emergency will be easy by selling bitcoin as if we are not taking benefit from it during emergency then there is no need to hold bitcoin.

There are many factors that hinder people from investing in bitcoin, but I think one of the major reason why people don't take it seriously is ignorance, because I feel being aware about it is worst than procrastination or not have the finance to invest in it, people who procrastinate know about bitcoin and the benefits of investing but still have doubts maybe due to it's market volatility or fear of missing their money, but could have a change of mind when they're cleared of their doubts, likewise not having finance, because one might not have money to buy and hold bitcoin or any cryptocurrency but could invest later, when they're financially stable or have some spare money for cryptocurrency investment since they've got a good knowledge about it, knowing about it alone is very good thing, because even if you're not financially stable or made up your mind over investing atleast you've good knowledge of what you're getting into  other than missing out on it's benefits because of ignorance, there's this quote from Martin Luthur King about ignorance that says Nothing in the world is more dangerous than sincere ignorance and conscientious stupidity.
 For instance the halving is approaching next year and those who are not very financially stable currently have enough time to save and prepare for the halving because they're aware of the benefits that comes with it and would want to participate no matter how little they invest, but those who are ignorant of cryptocurrency doesn't even have any idea about the halving talk more of knowing what they would miss out, so lack of knowledge or information is even worst than not being financially okay to invest in it.

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.

The forum gives certain advantages, this is true, but in addition to the forum, I also buy bitcoin and some altcoins that seem promising to me. Everyone acts at his own discretion, if someone sees more prospects in buying altcoins, then this is probably not just like that, but based on some kind of analysis.

For example, I use altcoins for trading, and I buy bitcoin for the profit received, or in some cases, if I see that the altcoin can grow further, then I try to increase the number of tokens for some time, but in the end, the ultimate goal will be to sell them and buy bitcoin.

Some of us who earn in Bitcoin through signature campaign have more bitcoin in their portfolio, because not everyone who is in signature campaign depends on the weekly and monthly earning of bitcoins recieved here, some of us here have a job which is paying them in government while they are using Bitcoin payment in bitcointalk as a side hustle, so many people have bitcoin at large amount even alternative coins which they invested on. In a normal circumstances we that is in forum supposed to have a larger bitcoin in our wallets if don't convert to fiat currency, I'm using myself as reference I do buy bitcoins and altcoin and hold depending the coin potential will determine how long I will hold the coin, because it's obvious that not all coins that survive long duration especially in altcoin, so the potential of the coin will determine if it's good to hold or not.

I see two reasons that I would like to voice now and prevent people from holding btc.

This, as you have already noticed, is limited resources, that is, money that forces people to either sell bitcoin, even received, for example, for signature campaigns, or simply not buy bitcoin, because there is no free and extra money for this.

The next reason is excessive spending. This directly affects the previous point. By optimizing your spending, especially those directed towards entertainment (like bars, drinks, expensive accessories and devices), you can free up some of the resources that could be invested in bitcoin.

I think from the average active campaign signature on the forum using bitcoin payments, that's a lot more than what you'd notice about Altcoins signature.

I agree with what you convey, of course there are many people who cannot save their bitcoins from campaign signatures, moreover they think that campaign signatures make it their additional work for needs, sometimes I also when I have a shortage of funds I always use bitcoin from campaign signature results to cover it.
So it's not that you don't want to hold it for the long term, but it's definitely the urgency that forces you to sell your bitcoins.
What's more, there may be some people who make signature campaigns their main job, selling activities will definitely be carried out to fulfill their needs.

The biggest problem that often hinders people out there collecting and storing more bitcoins is due to limited resources. The same thing often happens to those who get Bitcoin for free from the Signature Campaign, they are forced to sell Bitcoin to meet other needs that cannot be postponed.
The people involved in Bitcoin totally agree with you that Bitcoin will return to its former glory after going through some of the turmoil and uncertainty that has befallen Bitcoin recently. It's not that they (people out there) don't want to buy and they don't want to hold Bitcoin for those who got free Bitcoin from the signature campaign, limited resources make them have to resist the urge to have some good numbers in their portfolio.

Actually, everyone wants to get involved or even collect bitcoins, but in fact, you are right that most of them do not have enough funds to be able to buy bitcoins because the price is quite high, so many are looking for altcoins as an alternative because the price is more affordable.
The goal, after collecting enough, will be to buy little by little from the profits of altcoin investments.

You can also, as you said, effortlessly follow the signature bounty with bitcoin payments, but we know that at this time it is rare to make payments with bitcoins, apart from following altcoin signatures and then selling them to be able to buy bitcoins.

Once again, by participating in bounties, it is certain that at this time it is not profitable and cannot be relied upon to be able to buy bitcoins later because the payments are very cheap.
Buying in installments with whatever can be done is the best thing, and continue to do that while holding it for the time until the bull market comes.

This also pipes down to financial issues and this also carries one of the major votes on the poll.
There are several reasons why people are not hodling right now but I believe  one of the major reason why  people are not hodling is money and I don't think anyone who is a bitcoin  enthusiast and has the money to buy wouldn't buy especially  this period  when everyone is expecting to see bitcoin rise to an all time new price.

Whether we hodl or not, what truly matters is that we are making profit and to me, one of the safest way to make profits in cryptocurrency  and bitcoin  is hodling especially if you're holding  some reasonable amount of it.

Whether it's investment or trading, the end goal is still profit, as long as they can make a profit, they can choose any field that they feel suits them.

As I said, I once gave him advice on holding bitcoins, but he refused and continued to choose to trade on Binance.  But I won't say he is making the mistake of not investing but just focusing on trading because you and I are not him, we are not in their situation, so we don't know what they are going through.

Life is colorful, and we will never know what other people's problems are, so don't rush to judge them just because they don't have the same thoughts as us. Many people don't hold bitcoins because they have their own circumstances and difficulties.

Then we should distinguish investment and trading. These two terms are not the same but some users think they are the same. What your friend is doing is trading and not investment. If he considers the country economy is too bad to invest, he might make a mistake, because he is not the  only one that is facing the economy situation in the country and I believed people are investing in it. And if he is a daily trader, he can still invest some bitcoin for a long time investment plan. And continue his daily trading.

There are many people who consider day trading as their primary source of income, so it's understandable that they just trade and don't hold for long. I have a friend, he is not a trader, but he is a P2P trader on Binance, he makes a profit by buying and selling USDT. I mentioned holding bitcoins with him, but he refused and said that current economic conditions do not allow him to do so. He understands the market, understands bitcoin, understands the benefits of long-term investment, but the difficult economic situation has not allowed him to realize that dream.

A reserve is needed in any case, funds that will always be available 24/7. Anything can happen and this reserve can come in handy at any time.

There is no need to worry that this money will not work, that it is not invested in something, but simply lies. This is a guarantee of your peace of mind, with the help of this reserve you will know that no matter what happens you have money that you can use and you will not have to sell your investments ahead of schedule. Many successful people do this, so why not do the same.

And your long-term investment will also be safe because of this, because you will be sure that you can hold them for as long as you need and not worry about having to sell them due to some unforeseen circumstances.

Yes , I agreed that there are several ways to store your cryptocurrencies. The two most important variables in this situation are your investment level and priorities. It will undoubtedly be difficult to keep your assets for a lengthy time if you are dealing with a tiny sum. Additionally, you can use a software wallet that can be downloaded from internet easily on your PC or mobile that can be accessible anywhere. You can effortlessly access your bitcoins with these wallets. Furthermore, some exchanges provide the facility to hold your cryptocurrency on your behalf. For the purpose, do your homework and pick a safe strategy that matches your requirements and risk tolerance.

How cab someone invest in bitcoin  with let me say 2k dollars and mistakenly loss that amount?
Well it can be possible that's if bitcoin  losses 2k worth of bitcoin  in price assuming  the buyer buys at the current market price now and how do you explain the someone who losses 2k wouldn't be bothered compared to when someone losses $20?
Mehh, the higher  the more invested, the higher the pains felt if there is a complete loss along the line.

@cryptodude, I guess you must have read some threads here where it is always advisable to invest as little as you can even $1 a day can be kept aside to buy this and if $1os set aside for 30 days, that's about $30 in.your portfolio  and $30 in 12 months is about $360 in a year and remember  that you have a goal and the money invested are in one way or the other not meant for anything else but for investment and you should be willing to loss this and as along term holder, you shouldn't  be bothered by the profits of today but that of the long term you're already visualizing.

If you try to understand the guy, you will know what he is saying. I understood him very well and what he meant is that, if he invests in bitcoin for short time period, if there is a financial need, he can withdraw his investment. But if he is hodling, he will not be able to hold for long because he hardly have extra money to take care of himself.
There is no emergency fund,
There is no steady income;
So, holding for long is best for the money you will not be needing in a few weeks or months. People who has held for years are the people that are forgetting the investment in bitcoin.

With the current difficult life, many people do not have enough money to invest, which is understandable because they have to take care of each meal for their family before thinking about investing. Honestly, I can't invest while my kids are hungry. But you are right, austerity is possible, although the amount will not be too large, and if we accumulate it in the long run, it will also be a significant amount.

I sincerely advise those who say there is no money to invest to find ways because opportunities will not come and wait for us forever. Bitcoin has rallied many times in the past, but that doesn't mean the future will always be so, so make the most of the opportunity. Don't let the opportunity pass by, and only regret because you didn't try your best.

Because that is the main reason mate , as even us holders are being hindered to add our investments because of lacking of money so that is surely the normal reason.
mate we are talking about investment so why not money will be the reason?
as if we can able to add investing without money.
wait, why would people blame those who joined in signature campaign? is it something bad bringing to them?