Why are you not hodling - page 4. | Bitcointalksearch.org

Nwada001

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Quote from: icynote_original on July 05, 2023, 02:38:51 PM

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. Grin

What I find ridiculous here is that the person had the opportunity to hold and did not utilize it very well because of fear or a price drop. The market might seem unstable, but it's still on the favorable side compared to how it was in the past few weeks. I know there is a possibility of it dropping down a bit or going up all high again. But selling at this point is not a good option, provided that there are no serious needs at hand for me to be in urgent need of funds; that could have been the only reason that would have made me sell off my hodlings.

If not because of uncertainty regarding where the price of Bitcoin will be tomorrow, that's not enough reason for me to sell off my holdings, if I am holding any at that particular moment. You never know if the price will move positively in your favor immediately you sell out, which will make one regret his or her action. When one sells out their holdings, it's sometimes hard to replace that exact amount that was initially sold out.

Casdinyard

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

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.

I wouldn't be so sure about throwing the ignorant card willy-nilly my friend. truth be told a lot of people in here are depending on the signature campaign payments for their daily sustenance, and you can't really blame them for doing so. The pay is great, there's no drawbacks to it, and with enough consistency you'd go far. There's so much more than just "ignorance" that comes into play when you talk about people who are not holding their assets. FUD, necessities, market situation, and a lot more are at play and I'd say it's much better than risking your investments over something that is as trivial as holding your bitcoins. In the first place it doesn't make you any less of an investor, you're just gauging your capacity is all.

Ultegra134

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Quote from: Aikidoka on July 08, 2023, 08:52:52 AM

I believe the main reason for not investing in Bitcoin is the lack of funds for many people here. Bitcoiners understand its true value but for those who can't afford to buy it, it becomes a major problem. I think the best approach is to find a good job in real life or acquire skills or opening a service that makes you earn money, allowing you to buy and hold Bitcoin.

Looking at the voting results, it appears that fear, procrastination, and others are nearly 40% of the votes, with fear being the most prominent among the three. I understand this perspective because Bitcoin's price is highly volatile. However, historically Bitcoin has demonstrated a huge price increases, which ultimately lead to profits. So nothing to fear about imho.

Personally, money isn't exactly the reason I'm not purchasing Bitcoin; it's mostly a budgeting issue, and it's not the ideal timing for me to make extra expenses, even if those are for investment purposes. Thus, I prefer to stick to holding my signature campaign earnings, which on average would be a decent purchase plan, supposing that I was buying Bitcoin on a monthly basis. So far, my signature earnings are solely for saving and investment purposes; I can afford not to use them, so I'll stick to holding for as long as possible. So far, I've "failed" twice and have converted to fiat, but this time I'm determined to last till we're at least close to the previous ATH.

sompitonov

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Quote from: usekevin on July 08, 2023, 02:58:17 PM

Most of the people earning money will have a passion to hold the money.But it’s not like you think,most of the trader may used their holding money for the emergency.When the emergency occurred,then they will sell irrespective of price.My friend had sold 700$ worth of bitcoin with the loss of 240$ to enjoy their vacation in to the out station.He had a trip with his girl friend to the hilly area.In order to manage that expense,he is ready to accept the loss.This is soul reason not to hold for longer period.

I think a lot of people have been in the same situation as your friend. I won't say it's bad. This means that walk in hilly area was more important for him than losses from the price.

A few years ago I did something similar to your friend. But today I definitely won’t do this, because I developed a syndrome “delayed life". If you do not know what this syndrome is, then read it. I think it's an occupational disease for bitcoin holders and investors

tjtonmoy

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The market does not move in a constant direction. It is volatile and people will try to take advantage of it. The halving period is coming and the market does not move upwards just because of that. Before halving the market faces dumps too. In some cases, it happens extremely. Maybe those who are willing to HODL waiting for that to happen, so that they can get more in return.
It is important to understand that this chance might not come again. In hopes of more profits, they will be at a loss. What they don't understand is that HODL is for long-term plans. HODLing just before halving and the bull market won't give them the profits that can be gained from hodling for a long time. But as this could give us a head start, people should consider hodling. Then again, it's their own assets and they have every right to choose what they want to do with it. Those who will understand will invest and hodl. That's all there is to say.

usekevin

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Most of the people earning money will have a passion to hold the money.But it’s not like you think,most of the trader may used their holding money for the emergency.When the emergency occurred,then they will sell irrespective of price.My friend had sold 700$ worth of bitcoin with the loss of 240$ to enjoy their vacation in to the out station.He had a trip with his girl friend to the hilly area.In order to manage that expense,he is ready to accept the loss.This is soul reason not to hold for longer period.

lizarder

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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?
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.

There are many versions of why people are put off buying bitcoins, the limited availability of money can prevent people from getting involved in investing and they are unable to collect purchases under certain conditions. When it comes to investing there may be ways for people to get involved, for example buying using the DCA method. But when it comes to investing in people who don't have a steady income and can't afford their daily needs, then nothing is more important than meeting living expenses.

Another version may be too worried about price Volatility resulting in certain conditions and basically because of a lack of knowledge regarding the right investment method and strategy. Thus limiting oneself to the fear of making accumulated and the habit of this kind of person will look for fault when passing a good opportunity for investment.

Ptb73

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The biggest problem is the lack of means. If a person has enough money to invest, there is a high probability that a person will choose bitcoin.

I don't think that a person in his right mind and with money will miss such an opportunity.

CageMabok

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Quote from: MiF on July 08, 2023, 06:26:32 AM

We have a different status,we also have different income we have different works, most of us wanted to hold but because of the financial problem they cannot hold btc, some of us here is a holder it is because they have a free funds or thier financial status is good that is why they can hold a different coin they wanted to hold.

Such a thing cannot be denied because basically holding anything must have basic capital or other supporting capital so that a person does not easily sell what he is holding or what he is keeping for a long time. Because letting go of what we hold on to is not always for the benefits we have seen, but there are also times when there is a sudden need for money for life so that it is sometimes forced to be done by someone.

Quote from: Games.Bitcoin on July 08, 2023, 07:18:10 AM

The real is that I don't hold any tokens because I don't have enough money. Because holding requires having money that has not been put to good use. But I trade with less money than what I currently have. From which I got out with a small profit. Now I am a day trader. So I don't hold on to any token for a long time.

Being a day trader is also not wrong, because you have also learned to hold in the short term, even if it is only for the purpose of small amounts of profit. And apart from that, actually everyone also learns from small things and tries to develop themselves to be able to do big things like holding large amounts for a long period of time. So it doesn't matter if you only become a day trader because you don't have enough money to hold on for a long time because what you are doing is also a very good thing.

fuguebtc

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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?
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.

Depending on the situation, sometimes we think that holding is the easiest, but it is not as easy as many people think. I mean, if you are always in financial difficulty, how can you hold bitcoin for long? Anyone who wants to invest or save, they should first deal with their daily needs, if even if they can't meet the cost of living, how can they hold bitcoin for long? People can't hold on simply because they don't have too much money, not everyone will have an abundant life like you.

uneng

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Quote from: Aikidoka on July 08, 2023, 08:52:52 AM

I believe the main reason for not investing in Bitcoin is the lack of funds for many people here. Bitcoiners understand its true value but for those who can't afford to buy it, it becomes a major problem. I think the best approach is to find a good job in real life or acquire skills or opening a service that makes you earn money, allowing you to buy and hold Bitcoin.

Looking at the voting results, it appears that fear, procrastination, and others are nearly 40% of the votes, with fear being the most prominent among the three. I understand this perspective because Bitcoin's price is highly volatile. However, historically Bitcoin has demonstrated a huge price increases, which ultimately lead to profits. So nothing to fear about imho.

I agree with you. People have no reason to fear, because it's logical Bitcoin does pretty nice on long term. So the most accurate supposition would be to assume people aren't holding simply because they can't, since they are in constant urge for money and new sources of income.

OP mentioned adopters who work online and have an income in BTC from signature campaigns and I think we could also include freelancers from other areas. The point is that these people need the income they make in Bitcoin to pay for daily bills, food, rent and other appointments. It's difficult for people to save money nowadays, because what you earn today, you already have to spend tomorrow to fulfill with your obligations.

someone703

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Quote from: sompitonov on July 07, 2023, 07:08:44 AM

Quote from: someone703 on July 07, 2023, 06:37:16 AM

Most of what I see here is a lack of funds to buy, obviously I am one of them, I really want to invest more money with bitcoin, but I don't want to risk having to sell assets or borrow, because from the beginning I envisioned investing in this environment or anywhere using idle money. While it's safe to say that having more exposure to bitcoin or crypto, the more I realize the upside potential over time that bull cycles will emerge, hodl doesn't always lead to a happy state of mind, especially when we have a long DCA and go through a lot of FUD.

In fact, owning bitcoin for many years is a very difficult task for the average person. He always needs money to pay off a loan for a house, car or university studies. Therefore, when the bitcoin chart goes up and down, it greatly affects the nervous system. Doing nothing (Hodl) turned out to be the most difficult thing here, I experienced it for myself. To do nothing is probably contrary to human nature itself.

The case that I remember the most about dogecoin is when I remember the time of 2018 2019 when it was easy to mine it on basic sites and I didn't really care at that time what their price would be, but let me tell you. the moment Elon Musk started tweeting with it I realized I had to search the account again, luckily I was still able to access it. Maybe it's not exactly hodl, but I can feel a certain asset's longevity and when its price increases many times as much as surprise as well as joy. When in a better investment position, choosing less risky assets is preferred to be able to hold it for the longest time.

Aikidoka

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I believe the main reason for not investing in Bitcoin is the lack of funds for many people here. Bitcoiners understand its true value but for those who can't afford to buy it, it becomes a major problem. I think the best approach is to find a good job in real life or acquire skills or opening a service that makes you earn money, allowing you to buy and hold Bitcoin.

Looking at the voting results, it appears that fear, procrastination, and others are nearly 40% of the votes, with fear being the most prominent among the three. I understand this perspective because Bitcoin's price is highly volatile. However, historically Bitcoin has demonstrated a huge price increases, which ultimately lead to profits. So nothing to fear about imho.

nimogsm

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the problem is that not everyone has a stable financial situation and not everyone can save something on a permanent basis and more often their expenses exceed their income. For this reason, it is not possible to make savings in bitcoin and play long. Which of course they will regret later.

Inwestour

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Quote from: Marvell1 on July 08, 2023, 05:51:25 AM

Many people are putting too much pressure on themselves when investing in bitcoin. I agree that holding bitcoin for the long term is best because of its profitability, but if the holding is harmful to us, then bitcoin will be more of a crime than a savior for us. I mean, there's no reason to hold bitcoins without using them if we get stuck. I find it funny that there are so many people serving bitcoins and not bitcoins serving them, they consider it more than their lives when it's just money, nothing more, nothing less.

I'm not saying that having bitcoin income is a mistake, I mean, with its volatility and unpredictability, let's not consider it as sole income or rely too much on them. That is very risky.

When Lawrence Fink from Blackrock talk about bitcoin being digital gold, at times like this you will try to keep your bitcoin from being sold by any means.

On the other hand, this is a little alarming, and it becomes like some kind of manipulation, but who knows, maybe this is the moment when Bitcoin starts to grow and reach unprecedented heights?

Yes, bitcoin is not the only way to earn money, but you must admit that compared to other assets, it is bitcoin that looks very promising, perhaps now it no longer has the opportunity to give such a big profit as in the past, because the more expensive it becomes, the harder it will grow, but yet I believe it will rise well in the coming bull market.

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Quote from: DeathAngel on July 08, 2023, 07:47:20 AM

Holding bitcoin is one of the smartest decisions a young person can make these days. Fiat currencies are failing, inflation is horribly high. You have to protect your purchasing power & if your time preference investing is 10 years or more then bitcoin is the best investment choice for you. Long term hodling is easy, no pressure & no stress around short term price fluctuations.

Long time holding is easy for those who have patience. But holding for long time is very difficult for a person who lacks patience and forecast is very poor or it is difficult to meet his daily expenses due to low income. And for these reasons it is not possible for everyone to hold for a long time. But those who are able to hold for a long time are the ones who succeed in investing and get huge profit at one time. But those who are busy with short time investment make more loss than profit.

DeathAngel

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Holding bitcoin is one of the smartest decisions a young person can make these days. Fiat currencies are failing, inflation is horribly high. You have to protect your purchasing power & if your time preference investing is 10 years or more then bitcoin is the best investment choice for you. Long term hodling is easy, no pressure & no stress around short term price fluctuations.

BD Crypto

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Quote from: livingfree on July 05, 2023, 01:54:21 PM

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?

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

In many cases who have funds, many users get afraid in Bear market and they rush to buy in Bull market because of FOMO and that's the main reason why many of us aren't holding. They think that bear market will remain for long period and they don't want to stuck their assets for an uncertain future. But they don't actually believe about the potential of Bitcoin. At the bull season they just arrive like a Bitcoin lover and start holding for more profits.
We have to know the meaning of this phrase "Hodl is Gold". Holders from the bottom always win and FOMO holders just regret in many cases.

Games.Bitcoin

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The real is that I don't hold any tokens because I don't have enough money. Because holding requires having money that has not been put to good use. But I trade with less money than what I currently have. From which I got out with a small profit. Now I am a day trader. So I don't hold on to any token for a long time.

MiF

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We have a different status,we also have different income we have different works, most of us wanted to hold but because of the financial problem they cannot hold btc, some of us here is a holder it is because they have a free funds or thier financial status is good that is why they can hold a different coin they wanted to hold.

Topic: Why are you not hodling - page 4. (Read 1106 times)