Topic: Why are you not hodling - page 9. (Read 1106 times)

That is mostly the reason why others are still holding it because those who join signature campaigns needed that money for their daily needs, as for sure others don't have enough income. That is why signature campaigns are very helpful, or they are really planning to improve their lives, but those people have already settled, for sure. Even for myself, that is my reason, but I now save my money because of the halving to own and accumulate bitcoin, though again, it ain't easy as we still need to survive on our daily needs.

Everybody will like to own a fraction of Bitcoin, and it's not everyone who own some is financially buoyant not a sell his/her bitcoin in time of need, which is why they are most likely to sell it to feed themselves or take care of pressing family needs, hoping to buy more or work for more and save. So that the reason why most people aren't hodling there Btc.

I choose lack of means and other, with the other reason being that people do not real know anything about investing, and as such if they had the means to invest in this market they will refuse to do it as they will prefer to keep their fiat in hand, not understanding this is even more risky.

And even if those people are making a mistake at the same time they are the ones that are in a good position, as the majority of the people out there simply do not have any money to invest, as the money they earn is not enough and they have a lot of debts as well.

I think a good beginner baseline for how long you should wait is the halving, I think the halving is always a guaranteed profit when you are planning to hodl your bitcoin for a long time, definitely no one is certain but a good rule of thumb is to never marry the bag when the profit is already 100% or higher.

Well, yeah, for me, I've always tried to hold as much as I can, but like op has described or said, most of the times, cares of life leaves me no choice but to sell some good portion of my holding, then withdraw the money to enable me solve those problems..

But then, one thing I've come to believe is that, selling bitcoin is not a bad thing, after all, buying and selling is how the currency discovers new prices, which is also how traders get to make some profits or losses - like I was saying, having to sell bitcoin is not a bad thing, but then, one should make sure they are not selling it for useless it for things that will not add any meaning to the person's life, this is in other to avoid regrets at the end of the day.

Other reason could possibly be because they just don't trust Bitcoin at all.....for now. Back when I was teenager, I thought that Bitcoin was like sort of an illegal currency widely used. I was like curious about it, but it kinda held me back to buy and hodl since I don't want to be put behind the bars.
From that OP, you should also add that it could possibly be lack of knowledge that holds people back. It applies both new and existing hodlers.

Like I said before I have already hold what I think is okay for me to hold, I am not holding for short term or quick profits but I have decided to hold for about 1 year to 3 years if possible I may decide to hold for next 5 years and I will keep topping my balance whenever I feels the market is weak enough for me to top it up. I think people more focusing on the profits aspect of bitcoin instead of the core values why it was created, people who holds for profit never hold for long term rather short term and yet still gives bitcoin bad misinterpretation on how the price isn't stable or not make profit, but had forgotten they need to hold for long to be able to enjoy the profits.

Every Signature campaign participants have different thought and circumstances. Some may use this money to meet their small expenses while others may gamble or trade with this money. Some may even save it for the future while others may convert it to fiat.

The question of why one can't ever hold the bitcoin for the long term really depends upon the financial conditions of the person. I guess everyone wishes to hold but in order to meet the day to day expenses, some people may have to convert to fiat too. If you do not have extra money which you can put in Bitcoin and forget about for a few years, you have no other option but to convert it back and forth into fiat.

Then they are just a core trader, not part of a long-term holder.
Traders will sell their asset holdings to stablecoins when they make a profit, but there are also some core traders setting aside a little for the long term.

You may not have to hold thousands, but you should hold what you can hold.
If it is targeted for the long term, then set a price that you will reach, so that you will not hold forever. The target price is important to get the profit you are supposed to get.

When the price drops before the target is reached, you just need to re-purchase to add more assets.
That's the right thing to do, don't panic and Cut Lose, that's stupid.

They cannot simply tolerate partial loss in holding and they are more into assured profit such as with signature and bounty campaigns. Well, it is not a requirement in the first place to have crypto holding but if you have the capacity to do so, then ofcourse it would be an advantage. The only disadvantage is that, it will require you to wait for a period of time or until the market price increases, in order to generate profit from investing into this technology  Also, no one is certain when would be or how long sjould we hold into our assets in order for it to be profitable. But as you learn from this industry, you'd understand it more.

I personally still hold some Bitcoin right now, and I don't plan on selling it off anytime soon. That's for the one I personally purchased for the purpose of holding.

I believe everyone has what they intend to do with whatever they are earning from the various areas in which they might be making their money. As for my signature pay, I spend almost all of it every single week when ever it is being paid. They are what cover part of my daily needs and wants, and whatever I want to do with money—lend out to a friend, family, and all that—they are all on my weekly pay. That's what I do with the BTC I earn weekly; I barely hold them. But that does not mean I do not hold Bitcoin, since it's not the only source of income I have, but it's probably the source of income that pays most of the bills.

Yeah, the same mindset why most people regret later after bitcoin reach another milestone.
Bitcoin price doesn't look to go down now and it's a good time to take risks.

Going through a lot of comments I see that most members are of the opinion that lack of funds which is the purchasing power is the reason behind so many people not hodling bitcoin but in most cases, I think the fear of the price of bitcoin is the reason behind people not holding bitcoin. Any one who's a short time nvestor will be scared of the price falling since such person won't be patience for the price to go up again but for long time holders, they stand a better chance of holding for a long time because they believe in the chances of the price of bitcoin being in their favour by rising up before they can sell. Personal I think anyone who's a real bitcoin believer should have some bitcoin stored in his or her name if really they practice what they preach.

From my insight about this post is that not that people don't want to buy and hold but rather there are core traders who only trade with it at the main time and if they are closing their markets they often sells off to a stable coin the maintain their profits stability. Like me currently I m holding but that doesn't mean I must hold thousand of bitcoin, I only hold the amount I think I should hold. Just as your poll already said, I am afraid of the dip meaning we may likely face more difficulty in terms of price dropping down to 25k or lesser so it's better hold the amount I think I could be able to withstand the pressure.

Well obviously there has got to be some persons doing some active hodling. Be it from personal funds invested in the coins or from signature earnings. Without any statistics to prove, there are a lot of users on the forum who are actively hodling most of there earned or invested coins as they’ve got other means to sort out there daily bills and use this for just another means to top up there hodlings.

I think the reasons that encompasses users or investors that don’t get to hodl for long is what you’ve already carried in the OP. What I’ll like to add is that,

We shouldn’t be one sided or too particulate about hodling on this one. Bitcoin wasn’t meant to be something we just bundle away and have it packed up in some wallet. It’s meant to be used as a currency, a means to some enjoyment of one’s struggles.
So yeah, if your at that line, you could cross but, it has to be a last resort following the significant benefit it carries.

When we talk about people who participates in signatures campaign earned bitcoin how they spend the bitcoin, I think any reason rendering is exaggeration and predictions because nobody knows were we put in our money we earn in signatures campaign, some people are using forum earning as their side hustle and when the weekly bitcoin received they use it for investment, we don't know how people here have less bitcoin and more of bitcoin in his wallet, their are other investments some people can go in without  investing bitcoin gives them more money, so many people does even invest in bitcoin because they prefer investing with altcoin because the profit in altcoins investment, it depends were you want to invest

Everyone may have their own unique excuse for not being able to hold Bitcoin for long time, but given that many people do not hold any of it despite having a thorough understanding of cryptocurrencies and knowing that if they do, they will eventually make a sizable profit, I may easy concluded that is due to lack of funds.

And for those who work on the signature campaign and receive payment in bitcoin but consistently convert it to fiat money, I can tell that they have issues to address, which is why they always withdraw it. The majority of the people  in signature campaign are aware of advantage of holding Bitcoin, but they are unable to do so because of possible financial difficulties.

I also observe that some people, especially new investors, who have the chance to hold but are not doing so may be due to as a result of Bitcoin market reactions sometimes. When the price of Bitcoin starts to be dumping, almost new investors panic and sell their Bitcoins instead of holding onto them and waiting for the bull run but they never have the mind to to fear.

This might be one of the things that a lot of members here are doing, earning Bitcoins from signature campaigns. And I don't know whether the results will be converted directly to fiat and withdrawn to a bank account or holding, that is each's choice, which I believe is based on more urgent considerations. In the past, I always withdrew the entire proceeds from this signature campaign, not that I didn't want to hold, but there were needs that I had to spend and needed a lot of money, so I always converted to fiat and used the money for those needs.

But I'm very grateful because starting earlier this year, I can already control it and make a little difference. Indeed, sometimes we cannot hold all the Bitcoins we have, but at least we try to hold half or more or even all of the results of this signature campaign. At least, the holding can be targeted to meet the halving later. This may be easy for some people but not necessarily for others because everyone's needs are different. but I believe that if there is no serious need, I believe that most will choose the Bitcoin holding.

One of the other reasons why they don't hold is that maybe they do day trades to collect more Bitcoins. We know that not many people have the money to hold Bitcoin. And some of them choose trading, but make sure if they are already professional and have good skills in trading to control risk.

To buy bitcoin now or at any given price isn’t ridiculous because no one is certain of the exact price range it could fall too. We all know that the best way of buying bitcoin is buying low because it minimizes risk and maximizes the profit. But at a time like this where the market isn’t stable and the much awaited halving is approaching then it is better to buy whenever you have the funds, because you wouldn’t know maybe this could be the lowest price it can be for till then.

The widely used method at this certain period of time is the DCA method, this can be done weekly till when you feel you have accumulated to your satisfaction. The method will save you from missing out due to waiting for the right price

Lots of people are finding it very difficult to HOLD, due to lack of money, some people will buy bitcoin with the intention to Hold for long term, but immediately they are having financial problem, they will end up selling the bitcoin they bought just to solve the problem they are having, to be honest its really difficult to hold bitcoin when you are not financially okay.

You are right, some people really want to invest in bitcoin, but they don't have the money, some of them have not being able feed well how are they going to invest in bitcoin? I don't think it will be possible for people like that to invest.

To cut the story short money is one of the reason why most people are not investing in bitcoin. Have introduced some people to bitcoin before and they are really interested in bitcoin but they don't really have the money to invest yet.