Topic: Why are you not hodling - page 7. (Read 1106 times)

during down trend of bitcoin price i prefer like to save money in form of usdt. the problem of currency is pretty much the same that it can't hold it's value whether because of volatility or inflation. but inflation don't give us hope while volatility does. when there is no good sentiment or purpose for holding bitcoin then there is no strong reason for doing it. example of good sentiment are halving, acceptance by country, mass adoption and etc. example of purpose of holding bitcoin are transaction using bitcoin such as paying tuition, buying product, buying service, investment and etc. but unfortunately in the recent months I don't see much success project that provide that things. it seems that we are focus on the pandemic over anything. but since i know the positive effect of holding bitcoin, I dont save my money in usdt, I only save my investation fund in BTC for long term holding and some in altcoins for trading purpose although i prefer like to save in usdt. i think we need more bitcoin holders to give positive effect in bitcoin price.

Well even if people do have enough money, lack of knowledge would still arise or let's say.....misconception. Just like I mentioned in here, I had the wrong thoughts about Bitcoin back in the days and yeah I kinda regret that I let that thought went through for years causing me to miss out a lot of $$$$ to sell. Imagine if like around 2013 you had bought a whole Bitcoin and you finally held til late 2017 which was like a memorable moment for me in my whole crypto life even if we already had a higher ATH.

Well Bitcoin ain't really going to make you rich. Don't depend too much in investment making you rich solely by itself. Having another stream of income is the secret, but finding that "another stream of income" is the hardest thing to find.

Well from the results, it's common reason for people to not hodling some assets as investments for sure is the lack of money. It also happens to me when I needed some money for downpayment for my motor since it's one of my needs for transportation due to traffic is one of the main issue here in the PH. It's much better to use motor since it could avoid the traffic by just taking a small part of the road. So I had no choice but to use my assets that I'm holding since I don't have any cash yet to use. I think this is the common problem, but still we could still hold even a small amount like in the Bitcoin which can gives a good result in the future. It's still an advantage to have knowledge in the crpyto industry despite the lack of money so when you already have money to invest you could easily profit.

as of this time, I think people are very aware that before halving the price might still be dumped down to $20k so holding right now might just make you lose a big opportunity. i could be wrong in this but in the past halving, the price also dip almost down to $3k again before the bull run. it was like retesting the last support level. if it could happen again, $15k might happen. so much of a dream world. we just don't know the future.

Lets just accept the fact that not all would really be having that equal chances or opportunity for us to accumulate even if we do really like on doing so just because on having these kind of limitation

then it cant really be that avoided that we would really be missing out those points on doing such thing because not all would really be that financially capable which it is really that understandable.
Lots of reasons on why people cant just make out some holding whether they dont have the money or really just that simply not liking on holding for too long or years and this is why they would
really be making out decisions that they would really be just making up some active trades instead.

Its true that when it comes to accumulation and holding for long term does really give out that kind of opportunity for us to make that good profit
and this is why success would really be varying on how someone would really be doing their steps on acquiring it.

Holding bitcoin give me a lot of relief than holding fiat,  because bitcoin has no inflation impact and its value tend to increase against the fiat which is already dead to inflation and other economic crisis.


I have been holding Bitcoin right from day one and I set aside 50% of my earn earning to acquire Bitcoin,  this has been helping a lot lately and with the recent Bitcoin price rise I see more motivation to keep accumulating more Bitcoin for the long term.

Honestly, I would love to have more money to invest with more bitcoin, but I think the ability to balance my life with such an investment is right for me. I understand the potential and future of bitcoin to increase in price and possibly hit a new ATH, but I need to live out my daily expenses, I still have my own crypto investment goals, there are periods where I need to earn money to be able to buy bitcoin later and wait for it to increase to make a profit. After accompanying the market for a number of different cycles, I realized that this place really offers a great opportunity to make people's lives less difficult.

In my case, the only reason why I'm not buying is because of lack of money if I do have a big amount of money I mean I would probably go to buy more, but for sure there are going to be other expenses and you can't really just invest all of your money on Bitcoin so at some point you're still going to save some of your money, budget your salary at some point you can't just use it all or buy bitcoin every time. It would obviously take time since you might have a better opportunity as well if the market price drop.

I don't think investors and traders do Procrastination since most of us who already have the knowledge surely are eager to buy any time, Fear of a later dip might be one of the reasons because its a common weakness of newbies.

Also, traders can hold for a long time if they have enough money or fiat that can sustain them through the years on holding since if you just forget about your investment then just let it rest through the years, probably you just need to watch the movement of the market at some point.

Of course it is not possible to buy $1 of bitcoin every day, it is an act of not thought, and yes there is no exchange to facilitate that, what I mean is you put aside your $1 or fiat every day and accumulate it in month, and you will find a point where $1 you collect every day for the better at the end of the month to be exchanged against bitcoin, it also depends on someone respecting the money, even a matter of pennies if you collect will get a decent amount of change money you shop.

The mindset of consistency that needs to be applied even 10$ in one month, unless you really don't want to collect it and really not want to invest, the average person thinks that investing must be in large amounts, but in my opinion, even if someone has financial circulation minimal, if he is determined he will do it.

Those who can become strong hands in hodling are those who do have enough funds to save and leave for the long term. The point is those who have strong hands are those who are financially capable. Because they are short of funds and there are still many important things that must be fulfilled with the funds they have, it will be difficult for them to become Hodlers.

I hope I'm a strong hand this time around. and I almost finished my accumulation target. 80% towards the target makes me more excited in accumulation. Still loyal to DCA. but sometimes my weekly accumulation routine is delayed when there is an urgent need that I don't expect. But then I'll replace it in the next week. made me do a double accumulation the following week.

and unforeseen urgent needs can also be the reasons behind someone failing to become a strong hand to remain a strong Hodler. Changes of plans sometimes have to be done by someone. I was once in this situation when I couldn't be disciplined enough to set aside money for an emergency fund.

I did felt bad when I read this because from what you said it seems most if not all who don't have any hodlings despite joining  a signature campaign on the forum are abnormal which isn't right.
There are alot of persons who have alot of responsibilities to meet up with and maybe fortunately found the forum and fortunately enough joined a campaign and still trying to make ends meet, trying to balance their lives through their signature campaign rewards and you wouldn't have to blame such persons because life in general  isn't fair and equal and at such, everyone can't be the same, hence there are people who receive signature campaign rewards and don't even touch it because maybe they have a balanced life and there isn't any need to use the rewards but there are people on here who live their lives from the weekly rewards from campaigns and you don't have to make it seems they are left out and beside, the major purpose of investing is to have a better live and if selling and trading their coins to fiat is the way to survive, then I see nothing wrong with that.

I'm not sure but I haven't  used a platform or exchange that allows us buy $1 bitcoin hence I believe you're talking about having to safe and gather the money and you'll  agree with me that there are expenses and challenges that aren't budgeted and are very necessary to solve and it might be relatively  impossible  to have such money and not solve such problem, hence I believe  it is easier for someone who is financially ok to invest than someone trying to make ends meet.

We all don't have money 😪  maybe others do but i don't  and not everyone can actually meet their needs.
And I agree with you that the wages and salaries isn't enough and it will be foolish if you're hungry and investing.



It wouldn't be possible to qoute everyone but hopefully later today or tomorrow, I will give result based on our votes and we can all know that really hinders people.

One of the ways to expand an investment is to hold.If one does not hold then one can never earn good profit.Many are afraid to hold Bitcoin due to its volatility.  I have earned bitcoins by participating in many signature and bounty campaigns and without buying directly.I always hold some bitcoins.  Many people don't understand cryptocurrency well, they sell everything when they see the market going down a bit.  Bitcoin can be bought at any time as no one is sure of the exact price range it can go down or up.

Short-term financial pressures often outweigh potential long-term gains. Yet, we must critically address the fallacy in asserting that only the financially stable should invest. Its worth noting that investment strategies vary greatly based on individual financial conditions and risk tolerance.

However, your notion that some individuals are the problem of their own financial struggles oversimplifies a complex issue. Structural socioeconomic challenges can constrain personal financial decisions. Blaming the individual may divert attention from systemic issues requiring resolution.

We should also question the perspective that investing only 10% of one's salary is "fair". This prescriptive approach does not account for the fluid nature of personal finance. Whats more feasible, is a tailored investment strategy, that is flexible and adaptable to the individual's financial status and life circumstances.

The point that you convey about the lack of money to make purchases is the main thing in the case of buying bitcoins, in my opinion, the average of us who have a current income is just barely enough for their daily needs, I believe that everyone wants to invest in bitcoins, but not necessarily with the situation.
Entering stage two, the person who has money and wants to invest in bitcoin, but he is afraid because of the money he has for next month's needs so what happens to him is procrastinating until he is eventually left behind and does not buy, in this case side by side with a person who in the same situation wants to invest in bitcoin and also has the money but he is always looking for a cheap price, but he doesn't know how cheap it is. LOL

Yes, the DCA strategy is the answer, because it doesn't force you to put in large amounts of money at once, and is a strategy that is considered safe in any market situation because people who use the DCA strategy are people who have a target amount of bitcoin ownership.

Yes that is the most common situation that occurs, but if you really want to invest you can set aside even a small amount, maybe $1/day, I think you have that amount every day for now, and if accumulated one month has $30 to invest, it doesn't have to be a large investment, small amounts are great and safer but if you do it consistently I think you will get a pretty good return in the future.

We literally all have money. We cannot meet our basic necessities if we do not have money. There is money, but our wage is barely enough to cover our basic necessities, so we don't have the opportunity to invest even though we would like to. I don't think if a person truly understands Bitcoin, they won't want to invest in it, because when I asked my friends, they all said they wanted to but didn't have the money to do so. So we might assume that the problem of individuals who truly understand Bitcoin is a lack of finances. Some people who did not invest in Bitcoin do not know enough about it.

This is an individual questions as we have different challenges in life, some individual that earn Bitcoin through signature campaign use it to assist their life as things are very expensive now that if you don't have side hustle or alternative job that pays very well, it'll be very difficult to survive. I'm holding and I don't know for others but I'm not holding every Bitcoin I earn form my signature campaign, I keep some for holding and spend others on my expenses.

Lack of enough money is the main reason people aren't able to hold because when they hold they get into troubles that need money to handle and they sell their Bitcoin to take care of those problems. Holding takes discipline and not many individuals have discipline to hold.

I have decided to hold a few times but I notice that when I hold a coin the price of that coin goes down instead of going up and I can't make a profit from it even though I hold it for a long time and then I panic anyway.  Can't control from selling those coins.  and I have seen quite a few times that when I sell that coin it pumps up a few days later. I don't know if it's the fault of my luck or the result of my impatience. I sometimes think it's my luck and other times I think it's my impatience.  And because of this I cannot hold a coin for a long time.

Unfortunately, not everyone will be able to hold, some people are able to spend money on bitcoin but for short term gains only, they are the type that have something ongoing in their lives that are very challenging, they can't afford to invest money and move on because they are also in very needy state too, but investment is oy convenience if you have good job in your life, a salary that's enough to cover most of your responsibility, and you will be able to devote every 10% of your salary into investment per month, to me this is still fair for every salary earners out there.

There are also some people where their present job is what they use to feed their brothers and their own wife and kids, I mean way too much of responsibility that's not necessarily,  I know few men that are doing this, they take responsibility for all family members and it's taking a big toll on them, like they don't have enough left for themselves to be able to invest, some people are really the problem of their own self.

Bitcoin is still not legalized in most of the countries so many people can't invest in this planform despite having good knowledge. Some people think that investing in crypto means they will lose money. There are others who do not have basic knowledge of investing. And there are many who have enough knowledge but do not have enough money to invest ‍and some others who invest and hold but are not able to hold until the right time. But the main point is that when people get full knowledge they will be motivated to invest in this platform. He can overcome the fears.

I voted for the most popular opinion, the first one. I try to hodl, but I'm also not pressuring myself to do that if I know that I need to sell some of it to directly benefit from it. I believe in Bitcoin, and I don't have procrastination regarding investments, but I also don't believe in restricting myself now for a bit more in the future. I don't have enough to make a huge difference by hodling, even if Bitcoin grows significantly. And so I hodl what I can and sell when I could use some money.