Topic: Why you should only hold Bitcoin - page 2. (Read 2462 times)
Most of the people know about the bitcoin. So people hold Bitcoin for future savings. Nowadays a lot of coins are in the market. But Bitcoin is the king of all coins. If investing in Bitcoin easy way to get more profit. So that is the reason to invest and hold Bitcoin.
Op You have to know the time the article was published and from there you will know how crypto projects are still currently running and how many are dead. And from the link you provided the article said,
And most of those coins or tokens are not worth investing therefore bitcoin is the best coin or project to invest in.
All you said is correct, every day new project and tokens keep coming out in the market and how bad investors keep pumping their funds inside instead of focusing on Bitcoin. 98% of those listed projecyt fail within the range of 3 months to 6 months and the team rugs the project and every investor gets into loss. The most easy way to bypass loosing of funds in this form of investment is to invest in Bitcoin and do a better research before involving in any cryptocurrencies. Quote
5,300 New Tokens Launched Daily in 2024 So Far
and it was updated by Lim Yu Qian on the 12 of April, 2024. 5,300 tokens launched daily is in doubt. It looks like exaggeration. But i will not dispute on the 2.52 million but among them some are no more. So the active projects would not up to the 2.52 million again. And most of those coins or tokens are not worth investing therefore bitcoin is the best coin or project to invest in.
Different persons have different ideology of holding Bitcoin for long time so the essence of holding bitcoin from my own perspective of life is that you have to understand the procedures of investment because holding Bitcoin is like having a target of multiplying what you have because any crypto investor have plans and the plan of holding bitcoin is to make a profit in future so the essence of holding bitcoin for long time is to make a profit in nearest future so that is why many persons indulge in Bitcoin holding and also bitcoin investment for long term
I agree with you. Keeping Bitcoin for a long time needs good understanding of investing and clear goal to make more money from initial investment in future. It is good decision that needs patience and a readiness to deal with changes in market. By holding onto Bitcoin for long time investors can benefit from its potential to grow over time and increase their chances of making profit. And we have seen in previous 6 months how Bitcoin proven itself and now it is hot topic in USA too. So holding on Bitcoin is definitely beneficial if we hold it for a long time.
Op You have to know the time the article was published and from there you will know how crypto projects are still currently running and how many are dead. And from the link you provided the article said,
And most of those coins or tokens are not worth investing therefore bitcoin is the best coin or project to invest in.
Quote
5,300 New Tokens Launched Daily in 2024 So Far
and it was updated by Lim Yu Qian on the 12 of April, 2024. 5,300 tokens launched daily is in doubt. It looks like exaggeration. But i will not dispute on the 2.52 million but among them some are no more. So the active projects would not up to the 2.52 million again. And most of those coins or tokens are not worth investing therefore bitcoin is the best coin or project to invest in.
Bitcoin prices not easy to guess it any time to up and downe. So people hold the bitcoin for future perpose. It good opertunity for future growth. If need to buy and hold the bitcoin frist check and the price details then eady to by the bitcoin.
There are lots of Bitcoin ETF companies out there and we should not be surprised that the price of Bitcoin would starts going to their own predictions not our own again. There are so many firms and tech companies buying and accumulating Bitcoin because they know they can earn more from the crypto market and if they have huge amount, they would be able to control the price of Bitcoin to any direction with their fake news so they can always buy more from the market while small holders would have not option than to sell their holdings because of panic. More unpredictable movement of Bitcoin will start surfacing soon which could be the beginning of the manipulation of Bitcoin price.
Different persons have different ideology of holding Bitcoin for long time so the essence of holding bitcoin from my own perspective of life is that you have to understand the procedures of investment because holding Bitcoin is like having a target of multiplying what you have because any crypto investor have plans and the plan of holding bitcoin is to make a profit in future so the essence of holding bitcoin for long time is to make a profit in nearest future so that is why many persons indulge in Bitcoin holding and also bitcoin investment for long term
It is not actually all the bitcoin Hodlers that actually hold because they want to make profits in the future. Some hold because of one or more of the following reasons;- Because they see bitcoin as a way of saving to beat inflation.
- Because they have enough in the present, so they can't predict the future and not sure what bitcoin will become in the future.
- Some are HODLing because they misplaced their seed phrases. LOL
- Some are HODLing because there's no problem the money will solve now
- While some are undeniably HODLing with the faith that BTC can get to 1 million dollars someday.
I have been holding BTC as my biggest share of my portfolio but I admit that I've got some altcoins too, some are good to be lost forever and I won't mind that and some are I am counting to make some profit. But even with that, if I profit from those altcoins, I'm going to convert that into BTC still and that's why I'm just trying to get to that point. I haven't sold a lot yet and still waiting for them to have some fruitful gains this bull run.
Choosing to place most of it in Bitcoin, I think this is very appropriate because we all believe that this asset has very good developments from day to day and choosing several good altcoins so that we can make a profit, of course this really helps us in collecting Bitcoin as a long-term investment. to be able to make a profit from holding Bitcoin assets and I am very sure that you will be able to make a profit when the price of Bitcoin has increased in the future.Yes, in the past we have seen the price of Bitcoin and currently its price has skyrocketed. Looking at the past price of Bitcoin, we can expect that this currency will improve even more in the future. It is best to hold Bitcoin for the future, as people invest and profit from the hope that the value of Bitcoin will increase in the future. Moreover, it is possible to get a lot of benefits by investing in bits, if a person wants to be financially independent, he must take bits and hold them for a long time, only then it will be possible to get good value.
Holding bitcoin and an investment portfolio mainly in bitcoin is something we absolutely should not ignore because bitcoin will bring us great benefits in the long run. But it won't be bad if we spend a small amount of capital to invest in altcoins because once bitcoin increases in price, many altcoins will also increase in price and the performance will even be many times better than bitcoin. Especially when we believe that the bull season is coming, investing in altcoins will be even more promising because as we know, many altcoins will have crazy increases when the bullish trend appears. And we need to remember the golden rule when investing in altcoins is that they are very risky and we should only invest an amount that we are sure will not affect us.
Holding Bitcoin for the long term is fine, but keeping it in a wallet for the long term will definitely improve from here in the future. But the biggest loss you can face if you hold Altcoins is that you notice the only people holding Altcoins going bankrupt. Especially since many projects are getting destroyed from the market, so in my opinion it is best to hold on to Altcoins and give up hope of profiting. However, you can be successful with Bitcoin in the long run.
From my point of view, Bitcoin is not an asset but an asset because its future is guaranteed. Assets are likely to be lost, but assets are never lost. Assets are permanent. Bitcoin is something like that. If you want to hold it for a long time, it is better to hold Bitcoin. It is always necessary to think long-term, not about small girls.I agree that nothing good can be achieved in the future by ever holding onto art coins. Only some altcoins have done well over the long term, as you will see if you follow along. Because altcoins are in the market with a target, they leave with everything when their target is met, which means they become bankrupt. Those who held the altcoins for the long term then faced huge losses. I do not favour having any more coins, and I would never suggest it as it does not bode well for the future. Altcoins, I still held them for a long time. I have one coin from 2013 that has yet to increase in value until now; it remains in dumping. If anything is to be held for the long term, Bitcoin should be held for good soon.
I have been holding BTC as my biggest share of my portfolio but I admit that I've got some altcoins too, some are good to be lost forever and I won't mind that and some are I am counting to make some profit. But even with that, if I profit from those altcoins, I'm going to convert that into BTC still and that's why I'm just trying to get to that point. I haven't sold a lot yet and still waiting for them to have some fruitful gains this bull run.
Choosing to place most of it in Bitcoin, I think this is very appropriate because we all believe that this asset has very good developments from day to day and choosing several good altcoins so that we can make a profit, of course this really helps us in collecting Bitcoin as a long-term investment. to be able to make a profit from holding Bitcoin assets and I am very sure that you will be able to make a profit when the price of Bitcoin has increased in the future.Yes, in the past we have seen the price of Bitcoin and currently its price has skyrocketed. Looking at the past price of Bitcoin, we can expect that this currency will improve even more in the future. It is best to hold Bitcoin for the future, as people invest and profit from the hope that the value of Bitcoin will increase in the future. Moreover, it is possible to get a lot of benefits by investing in bits, if a person wants to be financially independent, he must take bits and hold them for a long time, only then it will be possible to get good value.
While you have mentioned some great points I can guarantee that diversification of your crypto portfolio or just investment portfolio holds some of its own advantages. Such as having reduce your risks. If one coin is not doing well you can expect to still gain profit from the other. Bitcoin is not always stable and is constantly fluctuating. So it’s good to explore what else is in the horizon but if you feel safe enough in just investing in one coin the be my guest.
Diversification in crypto investments will certainly help in reducing risk for an investor. It is true that rather than relying on a single coin there is diversification where investors can be at ease. But it will definitely work differently for Bitcoin holders. If a person believes in Bitcoin and is willing to hold it for a long time then he can definitely be profitable. We cannot make any guarantees for any other coin except Bitcoin. After an investor invests in Bitcoin, his Bitcoin price may decrease. But it is not permanent. It is volatile which means it can recover any time from the price drops. People who hold Bitcoin for long term never lose from Bitcoin.
Keeping Bitcoin for a long time needs good understanding of investing and clear goal to make more money from initial investment in future. It is good decision that needs patience and a readiness to deal with changes in market. By holding onto Bitcoin for long time investors can benefit from its potential to grow over time and increase their chances of making profit. And we have seen in previous 6 months how Bitcoin proven itself and now it is hot topic in USA too. So holding on Bitcoin is definitely beneficial if we hold it for a long time.
When we decide to hold Bitcoin for a long time, patience is surely the key for the success. It will be nothing if we have good understanding but we have no patience. Knowledge is very important when we make a plan for our investment, we set the goal must depend on the knowledge. However, if we have weak mentality, it is impossible to reach the goal. So, both patience and knowledge are 2 crucial things in Bitcoin investment, especially for a long term holding.Yep, holding for a long time will enable us to get higher profits. But we must know when the right time to sell the Bitcoin. Most people set the target based on 4 years cycle, we sell the Bitcoin when it is in bullish season. As long as we set the right time for selling, it will be safe for holding a long time. Personally, I only brave to hold for around 3-4 years. I will reinvest again when the market begins a new bearish season.
DWYOR
Now about the Ethereum Tokens. Any body can make one, I believe there are even tools to create your own for free. This is why there are millions, and particularly a lot of Scam attempts. There are probably millions of Bitcoin copies out there too, but they do not appear any where on a centralized data base of sorts.
Millions of unlicensed projects hitting the net... The open sourcehip is exactly why they create whatever they like and keep bugging people on their dms to "tap tap" kinda shit just for publicity and probably being listed on DEX.I personally don't invest in any altcoin at all.. I can't even see myself doing shit like buying Dodge/Shiba in the nearest future. I understand that in the soace of 4-6 months, you could make a little from it; how do you make analysis on a coin that depends on Bitcoin and doesn't fulfill anything on its white paper?
Different persons have different ideology of holding Bitcoin for long time so the essence of holding bitcoin from my own perspective of life is that you have to understand the procedures of investment because holding Bitcoin is like having a target of multiplying what you have because any crypto investor have plans and the plan of holding bitcoin is to make a profit in future so the essence of holding bitcoin for long time is to make a profit in nearest future so that is why many persons indulge in Bitcoin holding and also bitcoin investment for long term
Your ideology will determine whether or not you make a profit. Because some individuals believe that they can benefit from bitcoin without having any understanding, yet bitcoin is always about having knowledge. The only time that something may not be vital is when you want to hold. Even if you are holding, you must understand when to buy and when to sell; there are some conditions that will discourage anyone from buying. During bull runs, you can elect to sell. Then bear is for people who desire to accumulate. But if you want to trade, you can't avoid getting deep, because trading requires skill and knowledge of technical analysis.
And if you don't follow the steps carefully when investing in bitcoin, you won't get very far. That is the challenge associated with bitcoin investing, so people must persevere and follow the steps one after the other, but they also don't want to study constantly, which is one of the most important things. If people don't want to make money, they need to be prepared to be patient, which is a requirement for success in bitcoin, but they are always too lazy to understand the steps, and once they are understood, there's no stopping you from making money.
You might hold only Bitcoin because it is the most established and secure cryptocurrency, has a limited supply that can act as a hedge against inflation, and is widely recognized and adopted
I think the reason why many are interested in holding BTC and maintaining it for the long term is not only because in my opinion there is a lot of great potential that BTC has in terms of technology. If the main set just wants to quickly double profits, I think that's a very basic idea, but let's look further into the future of what actually exists in BTC. That's just the totality of the name.
We all want to make money since the fiat is nit adding any additional value to us except from using it for payment and other things. Bitcoin has a value than us why more people are still going to invest because one can easily make money by buying and holding as much as possible. The crypto market is becoming diverse and more people are already making money from it that is what we should always take every single opportunity to invest when the price is low so that one can earn as fast as possible.
Bitcoin is not only seen as an asset, it is also seen as a good store of wealth and value, what do we expect when something is been seen as a store of value? People are been encouraged to invest for a longterm because once an asset has a longterm value, an investor may only withdraw in a long-term to reinvest, fiat has never been a store of value because of the motives of financial institutions, ordinarily we should know that the people that benefits from fiat is the financial institutions because of the loan that they give to individuals that want it, although some individual financial players benefit too, when we use fiat to buy from stores, the owners of those stores or bigger establishment signs some form of agreement with banks to use the money given to them by the stores for loan or other business after such business, their percentage will be given to them.
I agree with you that people are making money from crypto but the misunderstanding from individuals that are not in the system has always been a setback for them to take every chance as a road to success in the business.
Apart from making profit off my investment in cryptocurrency, I am also the type of person that likes putting cryptocurrency into an actual use, and when I see a cryptocurrency that can't serve me for the purpose of what I want to do, or any one that its intention of release does not suit what I'm after, I just totally avoid them. I don't really go out to be checking new cryptocurrencies in the market, because I'm really not interested. Yes I have seen people hop different trends to make money, such meme coins, but it never interested me for once. But at the end, I guess everybody is just different and you should keep doing what works for you.
While you have mentioned some great points I can guarantee that diversification of your crypto portfolio or just investment portfolio holds some of its own advantages. Such as having reduce your risks. If one coin is not doing well you can expect to still gain profit from the other. Bitcoin is not always stable and is constantly fluctuating. So it’s good to explore what else is in the horizon but if you feel safe enough in just investing in one coin the be my guest.
Diversification in crypto investments will certainly help in reducing risk for an investor. It is true that rather than relying on a single coin there is diversification where investors can be at ease. But it will definitely work differently for Bitcoin holders. If a person believes in Bitcoin and is willing to hold it for a long time then he can definitely be profitable. We cannot make any guarantees for any other coin except Bitcoin. After an investor invests in Bitcoin, his Bitcoin price may decrease. But it is not permanent. It is volatile which means it can recover any time from the price drops. People who hold Bitcoin for long term never lose from Bitcoin. 
Maybe holding for 4-5 years is quite enough, we're making good profit from that long when sell them during bull season.
The common reason why some are not able to hold is because of the lack of understanding which drives their minds to worry and feel uncomfortable especially when seeing a declining scenario. The volatility of the market makes someone feel uneasy, they always think of negativity rather than thinking positively. I think convincing people to keep calm is not effective, still their minds manipulate their actions.
The common reason why some are not able to hold is because of the lack of understanding which drives their minds to worry and feel uncomfortable especially when seeing a declining scenario. The volatility of the market makes someone feel uneasy, they always think of negativity rather than thinking positively. I think convincing people to keep calm is not effective, still their minds manipulate their actions.
That means every holder must have a good understanding of how to understand the price fotality of bitcoin. Each holder must understand how they hold and when they should let go to sell it. It will be more effective to get multiple profits.
Perhaps the main reason they can't afford to hold Bitcoin long is because they have other ways to make a profit. In addition, what made me release a lot of bitcoins was because I needed money for a special purpose. It was also because I had no other savings.
Different persons have different ideology of holding Bitcoin for long time so the essence of holding bitcoin from my own perspective of life is that you have to understand the procedures of investment because holding Bitcoin is like having a target of multiplying what you have because any crypto investor have plans and the plan of holding bitcoin is to make a profit in future so the essence of holding bitcoin for long time is to make a profit in nearest future so that is why many persons indulge in Bitcoin holding and also bitcoin investment for long term
Holding is not necessary but rather an option for everyone as it depends on their preferences and investment plans that is my understanding. But yes, it was best to get this plan especially if we don't have the urge to sell our bitcoin. Maybe holding for 4-5 years is quite enough, we're making good profit from that long when sell them during bull season. The common reason why some are not able to hold is because of the lack of understanding which drives their minds to worry and feel uncomfortable especially when seeing a declining scenario. The volatility of the market makes someone feel uneasy, they always think of negativity rather than thinking positively. I think convincing people to keep calm is not effective, still their minds manipulate their actions.
Different persons have different ideology of holding Bitcoin for long time so the essence of holding bitcoin from my own perspective of life is that you have to understand the procedures of investment because holding Bitcoin is like having a target of multiplying what you have because any crypto investor have plans and the plan of holding bitcoin is to make a profit in future so the essence of holding bitcoin for long time is to make a profit in nearest future so that is why many persons indulge in Bitcoin holding and also bitcoin investment for long term
I agree with you. Keeping Bitcoin for a long time needs good understanding of investing and clear goal to make more money from initial investment in future. It is good decision that needs patience and a readiness to deal with changes in market. By holding onto Bitcoin for long time investors can benefit from its potential to grow over time and increase their chances of making profit. And we have seen in previous 6 months how Bitcoin proven itself and now it is hot topic in USA too. So holding on Bitcoin is definitely beneficial if we hold it for a long time. 
Different persons have different ideology of holding Bitcoin for long time so the essence of holding bitcoin from my own perspective of life is that you have to understand the procedures of investment because holding Bitcoin is like having a target of multiplying what you have because any crypto investor have plans and the plan of holding bitcoin is to make a profit in future so the essence of holding bitcoin for long time is to make a profit in nearest future so that is why many persons indulge in Bitcoin holding and also bitcoin investment for long term
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