Topic: Why are you not hodling - page 5. (Read 1106 times)

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.

yep, actually I always feel satisfied and try my best in life, I am very grateful for the things that I get from the fact that I can earn money to take care of myself or my loved ones, and also very grateful that bitcoin gives a return on investment. The exact opportunity is not always there, but we look for it, it is not natural that a person achieves success or failure with the initial investment, even if we are more comfortable and greedy. In terms of material things, it's just as small things to look at as a journey to achieving the desired life. Whether we want to have a reason to hold or not, just like our life has many different colors and states and is not fixed by one thing.

Judging  from this poll's result, we had over 42 voters who voted for their respective  choices and based on the report, we had about 30 users out of the 42 voters who agreed that lack of money is the major reason why they're not hodling and this persons made up about 58.8 percent of the votes which gave a far gap to the second option of a fear of a later dip making upto 17.6 percent  of the votes with about 9 voters and  8 other users also voted for other options as the third option with procrastination as the last with about 4 votes.

Despite not having a massive vote, but Judging  from.thr few who voted, it seems I also had so many people who also believe with me that money is the greatest reason why alot if persons  aren't investing  and there was a question  asked by a uers that how can we say money is the problem when we can eat and even up with daily needs and I was shocked  to see this because I'm  sure this persons don't know that there are people with alot of knowledge  about cryptocurrency but barely have the means to survive and I wouldn't advice anyone to starve just to own bitcoin and I believe  we need to stay health to invest.

I hope we see the result for ourselves  and stop blaming people for participating in signature  campaigns  and not have any hodlings.

Depending on your circumstances, if you have multiple sources of income and your life is free of financial problems, holding bitcoin will never be difficult for you. But most people investing in bitcoin are still struggling economically, and their bitcoin investment is the hope they can get out of poverty. But that's life, difficulties will always find us even when we have carefully calculated. So, holding bitcoin is not easy for those on a tight budget.

"Lack of money" it will be correct for me. I was holding Bitcoin for multiple times but i can't tightly hold it end of the day due to my financial problem, I have to sell Btc to fix my problems, It is the true fact of why i am not holding Bitcoin.

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.

I agree with you for this point, there many out there that are interested to buy whenever bitcoin is in the dip buy no finance to get them so they become passerbys always. There is a friend of mine who is also a teacher was planning to buy last year dip but the salary is not big enough to buy bitcoin after paying of bills and house food stuff and other toiletries.

It is not compulsory that someone in Signature Campaign must hodle bitcoin, that is not written in anywhere. Expenses are defer. There are some people that has physical job which they are doing, so those kind of persons can save their signature campaign pay while spend the office work salary.

Answering the poll is also a personal decision.

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.

When I came to cryptocurrencies back in 2017, I was sure that they would change the world, and bitcoin would soon be worth 100 thousand dollars. Therefore, I, like most people, was sure that it was necessary to store bitcoin and other altcoins, and then I would become rich.

Many analysts said that you need to sell at the top and buy at the bottom, but I stubbornly held bitcoins. For years I've watched him grow and burn. I didn't fix on the tops. And as a result, I did nothing when bitcoin is worth 40 thousand. When I needed money, I withdrew bitcoin at a price of 15k. It taught me a lot. Hold is a good strategy, but only if you are constantly withdrawing money in small portions.

But now I prefer to buy and sell all the time.

Personally, I will say because of lack of money and fear of dip. The market is still not quite recovered yet. Besides, some of the token I am holding have dipped and currently at loss. So, it takes courage to buy another token under this kind of market situation.

Bitcoin is really made to be spent, and for others, they treat it as savings that, in case they needed it, they would use. Though I do agree with some that they are scared to spend it as they want to gain profit from it, for me, we do have the same view: I would spend it if I needed it. Though i still hold it if i want to earn profit it really depends on the person which still serve its purpose so there is nothing wrong with it , though i wouldn't say that making it a source of income a mistake one , i do prefer to say that it is a wrong move to do it because first even you'll gain profit on it but it is not on monthly basis which you cant pay your bills unless you already gain profit before that can last you 5 years and then sell the profit of your bitcoin then continue the cycle, but it is really preferred to make it a side hustle or really an investment.

Agreed, there is nothing wrong with us spending bitcoin because it is just money, and it is to serve our lives. We invest, hold, or trade as long as it brings beneficial and valuable to us, we should not put too much emphasis on the issue of bitcoin should only be held, not sold. But it would be a big mistake for anyone to consider investing in bitcoin as their primary or only source of income, as we all know, the volatility and future of bitcoin is still an unanswered question. Whether you are earning bitcoins with signature campaigns or other jobs or investing in bitcoin, it should only be treated as a hustle and should not be the sole source of income.

Well said! The longest part in achieving our goals is the path we have to take, so we must do our best to make our path interesting. Our life is this path that we go through, if you cannot make it interesting, then no one will do it for you.

If it is important for someone to work at several jobs, then try to make this work you like. I know what I'm talking about, I once worked at a job with a terrible boss and I regret that I worked for him for several years, I should have quit much earlier, because then I changed several jobs and saw the difference and realized that I could enjoy the job. Life is too short for us to do what we don't like.

And bitcoin is like a tool, I work, save and buy bitcoin, because I believe that it will make me financially independent, I like this feeling.

Bitcoin owners have different reasons of accumulating bitcoin, others are just pure investors that hodl their Bitcoin while waiting for the right moment and others are just earning bitcoin to be able to put food in their table, pay their bills, and buy things that they need and wants. Both are valid reasons, there's nothing wrong spending Bitcoin that you've earned, especially if that is their only source of income.

My friend, life is a never-ending series of challenges and rewards. You show great tenacity in wanting to raise your Bitcoin holdings despite financial limits. However, it is critical to recognise that currency, whether in the form of Bitcoin or any other cryptocurrency, is only a tool.

We are hampered not by a lack of resources but by a lack of creativity. Those who work more than one job may have more investment opportunities, but they still have to deal with the same time and energy limits as everyone else.

Try not to take yourself too seriously while you go about the process of amassing Bitcoin. The satisfaction of investing comes not just from monetary gain, but also from the knowledge and development it fosters. Consequently, you should put in both time and money into education. No matter the market conditions, that's the best investment you can make.

The majority of people want to invest in bitcoin, but they lack the resources to even begin doing so. Some people earn bitcoin through signature campaigns, but they are unable to keep it due to financial difficulties. When my friends asked me how I manage my finances and make a living, I told them about bitcoin and gave them the majority of the information they needed to understand it, and they agreed. However, the issue with them is that they lack the resources to even begin investing. Many people really want to earn a living by investing, but the lack of resources to do so is the issue—not a lack of desire.

That is true, but dont forget the greed. This makes many things in our lives more difficult. Many people want "more and more" and maybe decisions make no sense, and often about money. Bitcoin is for many freedom, but also a way to increase his money, or in the worst case to lose completely. Whether it was a scam or a bad decision of greed. So hodln is not as simple as everyone thinks, even in the times when there was a increased about +1,000%. The decisions to sell for many people this may not be the worst, because they can make a dream possible.

I even accumulated some bitcoins from signature campaigns for a long time, and my only goal is to sell only during the next bull season and when bitcoin hits $100k. But life is always full of surprises, recently I had to sell most of my bitcoins to take care of my son because of insufficient savings and I had no choice but to sell bitcoins.

Yes, everyone knows the benefits of holding bitcoins, but life is not as easy as it seems. There are many things in everyday life that we need to deal with first instead of just focusing on investing.

A lot of people who earn Bitcoin through campaigns or other means end up withdrawing it to cover their expenses or solve other issues. I think one of the main reasons people aren't hodling right now is simply because they don't have the money to invest.

Everyone on this forum is aware of bitcoin and what it may become in the future; the problem is simply a lack of funds and investment capital. No one wants to miss out on the upcoming bull run, but it is difficult to invest when you are already struggling to pay your bills and take care of personal issues. Nevertheless, I believe we all have plans for how to raise the necessary funds. You will learn that there are always problems to fix and that the money won't be enough to tackle these problems even after participating in the signature campaign and receiving payments. People that have upper hands of investing are those that have multiple jobs, more like someone who has a well paying job outside the forum and still participates in signature campaigns that way they can easily save their bitcoin earnings because they are not dependent on it.

I currently own a little amount of bitcoin, but I want to own more, so I've been intending to add even 10 dollars' worth of it each week from my signature earnings. Over time, regardless of how long it takes, the amount of bitcoin I own will grow. I don't think I'll ever be able to save, and if I don't do this and I might miss the bull run.