Why you should only hold Bitcoin - page 5.

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Quote from: GigaBit on June 10, 2024, 06:54:28 AM

Quote from: Tmoonz on June 10, 2024, 05:20:34 AM

From research and analysis, Bitcoin can give it's best performance only if one can hold especially for a longer time, taken this to those who where able to invest in Bitcoin at its earliest age for instance when Bitcoin was only maybe 15 to 20$ and was able to till date, it is a financial life changing opportunity, thou most people doubted it while others took advantage of it. The truth is that Bitcoin has shown to be a good coin and the best among others such that anyone can buy and hold in Order to have a substantial overall return over a long period of time.

Irrespective of the price of Bitcoin if one holds Bitcoin for a long time then he can definitely get profit. Another major reason for this is Bitcoin Halving. As the miner's reward is halved every halving, the circulation of Bitcoin decreases, which causes the price of Bitcoin to increase. Moreover, since Bitcoin is a highly volatile currency, those who try to hold Bitcoin for a short period of time are exposed to comparatively more risk. A long-term holder does not need to worry about the price of Bitcoin falling. Moreover, long-term investment returns are also higher.

Well, it's true that BTC owners with long-term goals will definitely get bigger profits than those who invest short-term, even though BTC has experienced a decline, as we can see, BTC has risen again, so I don't think there's any need to panic too much because the Bitcoin cycle has been implemented and there we just wait for btc to reach a new high and we can sell or hold until the price of BTC is higher than the new high that has been reached now

Abiky

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Quote from: BALIK on June 11, 2024, 05:20:11 AM

The biggest difference between bitcoin and altcoins is that bitcoin was created with a clear purpose, use case, and practical application. Bitcoin was originally created to be a peer-to-peer currency, Bitcoin was not created for the purpose of raising capital, making promises or drawing thousands of scenarios to deceive investors. Meanwhile, all current Altcoins are created for the purpose of raising capital, promising to bring profits to investors...using Pump & Dump tricks to scam each other. It can be said that altcoins are like gambling and their purpose is only speculation and does not bring any practical utility or application like bitcoin brings to us.

That's precisely the reason why BTC is more valuable than many of the "zillions" of altcoins listed across mainstream crypto exchanges. Bitcoin delivers real use cases unlike any other "shitcoin". Developers continously innovate to help keep BTC the best sound money in the world. Not like "meme" coins which are only driven by hype. Most of them have almost no development activity compared to Bitcoin.

The pioneer cryptocurrency (BTC) is and will always be the best cryptocurrency in the world. Set yourself forward 10 years from now, and you'll see impressive results in your investment. Why bother wasting your money in experimental "shitcoins" at all? Cheesy

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Quote from: eightdots on June 12, 2024, 01:06:16 AM

Quote from: Franctoshi on June 07, 2024, 02:42:23 PM

Quote from: DeathAngel on April 27, 2024, 10:09:57 AM

I think you should be more allocated in Bitcoin than any other asset but to say you should only hold Bitcoin is possibly not right. If people feel more comfortable holding say 80% of their net worth in Bitcoin & 20% spread across real estate & other assets then that’s fine. I certainly would not advise holding a small allocation of Bitcoin.

I'm in the same opinion as you do, let's say you hold 50% — 90% of your portfolio in Bitcoin, this is good depending on one's choice about how much of his portfolio will be held in Bitcoin. If you only hold Bitcoin, you won't catch the Altcoin season that makes the market to be more spicy and rewarding, especially when you don’t own up to 0.1 BTC, people that enjoy good rewards in Bitcoin are Basically people that hold up to 1 BTC and above. One good thing I like about holding the majority of my funds in BTC, is that I'm a bit relaxed compared to when I hold other coins.

It is necessary to diversify investments and not be left out of price increases. Every investor should allocate a certain percentage of their money to Bitcoin and invest the remaining amount in altcoins or other types of investments.

The nice thing about investing in Bitcoin is, as you said, it gives me a little more comfort than when I hold other cryptocurrencies. Since Bitcoin generally determines the direction of the market, it is easier for those investing in Bitcoin to wait.

It is necessary to catch the altcoin season. One of the biggest advantages of diversifying investments is to make a profit without missing opportunities.

Diversifying in to altcoin for newbies in to Bitcoin for me it is not advisable especially at the early Bitcoin accumulation stage where there should be focus on sizing every opportunities that shows it self in the market in order to build a solid and sizeable worth of Bitcoin up to a reasonable amount. However any one getting involved with other coins other than Bitcoin shouldn't do more 10 percent size of your Bitcoin investment in to other coins as Bitcoin is the best among others such that the performance of other coins solely depends on Bitcoin performance and Bitcoin is less risky as when compared with other coins. Having a Bitcoin non related investment can also be good in terms of diversification, such as selling commodities, land, gold real estate etc.

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Quote from: bitterguy28 on June 11, 2024, 04:29:41 AM

but nowadays eyes are in bitcoin but to wait what will be the effect in altcoins because lets admit that many of us here has diversified folio that we are seeking in bigger return from our altcoins investments than bitcoin.
because we kept our bitcoin for long term holding while our altcoin is for easy pick and early ROI.

this is the reason why we keep saying HODL bitcoin and trade altcoins.

Those people who have gained experience in the crypto market will not only invest in Bitcoin but will definitely take advantage of altcoins investment. Bitcoin investment is for the longer term because it is already expensive in its worth so people want to make double profit from it through keeping it for years.

Altcoins are lower in price but people keep it for a short period because they are not guaranteed for further elevation so people like to take the little benefit from it without putting their money at risk. Bitcoin is guaranteed investment asset so people are not afraid about its declining even if they keep it for years they are not distress because they know that it is just temporary.

Dailyscript

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I picked out this solid point you mentioned - the main reason we should hold our Bitcoin is for future benefit. What really happens now does not really matter, because if we choose to follow the price we wont be consistent in buying more Bitcoin to our portfolio.

Quote from: GigaBit on June 10, 2024, 06:54:28 AM

Quote from: Tmoonz on June 10, 2024, 05:20:34 AM

From research and analysis, Bitcoin can give it's best performance only if one can hold especially for a longer time, taken this to those who where able to invest in Bitcoin at its earliest age for instance when Bitcoin was only maybe 15 to 20$ and was able to till date, it is a financial life changing opportunity, thou most people doubted it while others took advantage of it. The truth is that Bitcoin has shown to be a good coin and the best among others such that anyone can buy and hold in Order to have a substantial overall return over a long period of time.

Irrespective of the price of Bitcoin if one holds Bitcoin for a long time then he can definitely get profit. Another major reason for this is Bitcoin Halving. As the miner's reward is halved every halving, the circulation of Bitcoin decreases, which causes the price of Bitcoin to increase. Moreover, since Bitcoin is a highly volatile currency, those who try to hold Bitcoin for a short period of time are exposed to comparatively more risk. A long-term holder does not need to worry about the price of Bitcoin falling. Moreover, long-term investment returns are also higher.

There is no way one can hold Bitcoin for a short term without being tempted to trade or do some short term practice and that is where the high risk comes in. Someone just holding their Bitcoin in the wallet without doing anything to it will surely still have the same fraction of Bitcoin that was deposited there, the value may vary due to price changes of Bitcoin in real time.

eightdots

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Quote from: Franctoshi on June 07, 2024, 02:42:23 PM

Quote from: DeathAngel on April 27, 2024, 10:09:57 AM

I think you should be more allocated in Bitcoin than any other asset but to say you should only hold Bitcoin is possibly not right. If people feel more comfortable holding say 80% of their net worth in Bitcoin & 20% spread across real estate & other assets then that’s fine. I certainly would not advise holding a small allocation of Bitcoin.

I'm in the same opinion as you do, let's say you hold 50% — 90% of your portfolio in Bitcoin, this is good depending on one's choice about how much of his portfolio will be held in Bitcoin. If you only hold Bitcoin, you won't catch the Altcoin season that makes the market to be more spicy and rewarding, especially when you don’t own up to 0.1 BTC, people that enjoy good rewards in Bitcoin are Basically people that hold up to 1 BTC and above. One good thing I like about holding the majority of my funds in BTC, is that I'm a bit relaxed compared to when I hold other coins.

It is necessary to diversify investments and not be left out of price increases. Every investor should allocate a certain percentage of their money to Bitcoin and invest the remaining amount in altcoins or other types of investments.

The nice thing about investing in Bitcoin is, as you said, it gives me a little more comfort than when I hold other cryptocurrencies. Since Bitcoin generally determines the direction of the market, it is easier for those investing in Bitcoin to wait.

It is necessary to catch the altcoin season. One of the biggest advantages of diversifying investments is to make a profit without missing opportunities.

BALIK

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Quote from: Litzki1990 on June 11, 2024, 10:25:03 PM

Quote from: BALIK on June 11, 2024, 05:20:11 AM

Code:

And people haven't lost all their wealth by investing so far

Let me make this clear to you, suppose you invest in Bitcoin and on the other hand another investor invests in Sheetcoin then whose investment will be more secure of course your investment because you have invested here in Bitcoin. Investors who invested in bitcoins lost money temporarily but did not lose money completely, which means that there are many ALT coins in the market that disappeared from the market after the investors invested in them. Losing a coin from the market means that the investor has lost all the money invested in that coin, but this is not the case with Bitcoin. There may be volatility in the Bitcoin market but we have never heard news like this completely disappearing from the Bitcoin market and I mean it.

I get it and that's also the difference between investing in bitcoin and altcoins, and we should only hold bitcoin for the long term. 1BTC=1BTC, as long as we don't sell our bitcoins we won't lose anything because Bitcoin can be dumped but will always recover afterwards, while many altcoins after being dumped may never recover.

But to be able to do that, bitcoin needs the utilities and use cases I mentioned above. As long as the demand for bitcoin remains, the price of bitcoin will always recover and increase stronger when demand exceeds supply.

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Quote from: GigaBit on June 10, 2024, 06:54:28 AM

Moreover, since Bitcoin is a highly volatile currency, those who try to hold Bitcoin for a short period of time are exposed to comparatively more risk. A long-term holder does not need to worry about the price of Bitcoin falling.

More risks also mean more profit. Short term investors or those who do trade accept the risks no matter how much there is because there is faster generation of profit compared to if you hold long-term.

Quote

A long-term holder does not need to worry about the price of Bitcoin falling.

Most traders have that as their daily job or primary source of income that is why they have nothing else to worry about but if you have other things to worry about, long-term holding would be the best type of investment for you.

Litzki1990

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Quote from: BALIK on June 11, 2024, 05:20:11 AM

Code:

And people haven't lost all their wealth by investing so far

Let me make this clear to you, suppose you invest in Bitcoin and on the other hand another investor invests in Sheetcoin then whose investment will be more secure of course your investment because you have invested here in Bitcoin. Investors who invested in bitcoins lost money temporarily but did not lose money completely, which means that there are many ALT coins in the market that disappeared from the market after the investors invested in them. Losing a coin from the market means that the investor has lost all the money invested in that coin, but this is not the case with Bitcoin. There may be volatility in the Bitcoin market but we have never heard news like this completely disappearing from the Bitcoin market and I mean it.

BALIK

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Quote from: Litzki1990 on June 11, 2024, 04:47:19 AM

If you look for the difference between Bitcoin and other coins, you will easily find several clear differences that will encourage you to hold Bitcoin. There is pumping and dumping in the market but not to an unusual degree. The Bitcoin market fluctuates within certain rules so investors don't have to worry about the market too much when hiring here and holding the investment for a long time. While there is constant bad news about all other coins in the market, there is not much bad news about Bitcoin in the market. And people haven't lost all their wealth by investing so far, mainly because of these trusts people trust Bitcoin more than any other coin.

What are the certain rules for bitcoin volatility? and

Code:

And people haven't lost all their wealth by investing so far

What does it mean? You mean there are still people who lose money investing in bitcoin but they don't lose everything? Grin

The biggest difference between bitcoin and altcoins is that bitcoin was created with a clear purpose, use case, and practical application. Bitcoin was originally created to be a peer-to-peer currency, Bitcoin was not created for the purpose of raising capital, making promises or drawing thousands of scenarios to deceive investors. Meanwhile, all current Altcoins are created for the purpose of raising capital, promising to bring profits to investors...using Pump & Dump tricks to scam each other. It can be said that altcoins are like gambling and their purpose is only speculation and does not bring any practical utility or application like bitcoin brings to us.

Litzki1990

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If you look for the difference between Bitcoin and other coins, you will easily find several clear differences that will encourage you to hold Bitcoin. There is pumping and dumping in the market but not to an unusual degree. The Bitcoin market fluctuates within certain rules so investors don't have to worry about the market too much when hiring here and holding the investment for a long time. While there is constant bad news about all other coins in the market, there is not much bad news about Bitcoin in the market. And people haven't lost all their wealth by investing so far, mainly because of these trusts people trust Bitcoin more than any other coin.

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Quote from: amihada on June 11, 2024, 01:11:18 AM

Based on the review above, many people talk about the risks of investing in Bitcoin. In my opinion, it is normal and very natural that every job has risks that must be faced, but even though many people talk about this, Bitcoin is still the main fan in the digital currency category. All eyes are on Bitcoin and everyone people want bitcoins in their wallets.

but nowadays eyes are in bitcoin but to wait what will be the effect in altcoins because lets admit that many of us here has diversified folio that we are seeking in bigger return from our altcoins investments than bitcoin.
because we kept our bitcoin for long term holding while our altcoin is for easy pick and early ROI.

this is the reason why we keep saying HODL bitcoin and trade altcoins.

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The OP last posted in this thread on 6th May 2024 and until that point made 6 posts out of 123 that were posted. After creating this thread the total posts are at 187 and from that total the OP has made a grand total of just 6 posts.

Clearly the intended aim has failed after his wall of text OP as he did not receive merits therefore why keep this thread open when it serves no purpose except to help signature spammers especially when the OP has given up posting here while he merit hunts elsewhere?

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Based on the review above, many people talk about the risks of investing in Bitcoin. In my opinion, it is normal and very natural that every job has risks that must be faced, but even though many people talk about this, Bitcoin is still the main fan in the digital currency category. All eyes are on Bitcoin and everyone people want bitcoins in their wallets.

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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

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Quote from: arwin100 on June 10, 2024, 07:42:03 AM

Quote from: Dzwaafu11 on June 10, 2024, 07:17:31 AM

Quote from: GeorgeJohn on June 03, 2024, 11:53:47 AM

I have seen different persons that hold altcoins and on the process of holding the altcoins and it ran out of the market, so I know quite well that for we to understand the procedures and processes of bitcoin we needed to purchase fifty dollars' worth of any altcoins we think that have potential and also hold bitcoin worth of same value and cross check the one that will yield positively after the period of time you wanted.

Obviously, we don't have to do this; only someone who doesn't have critical knowledge about bitcoin and other cryptocurrency will want to compare altcoins with bitcoin. However, bitcoin is just the best cryptocurrency. We all know that when it comes to investment value and other things, regardless of how good altcoins are at the moment, bitcoin is the best. Anyone holding Altcoin for a long time, seriously, there is a possibility of losing that money.

Exactly since we or a lot of people know that bitcoin is proven and tested for many years of its existence. We always see how lucky those people who hold for long time since majority of them is earning good profit for believing holding bitcoin. But people need to think about that its not easy as what they think since there's a lot of things need to consider also lots of knowledge need to learn. So if they are hardworking and open for new learnings then for sure most likely they might succeed on their plans towards their bitcoin investment. Also its risky to do the same with bitcoin where we do experiment to hold it for long term since a lot of them got no value since devs of the project usually the first one to dump their token. But if we go on Ethereum or Sol maybe there's some chance so I might think about adding this two alts on my list.

You're right; many people have found long-term keeping Bitcoin to be a winning tactic. Like every investment, though, it is not a surefire slam dunk. There is always risk involved, hence before diving headfirst, you really should know what you are getting into. You lately brought up Ethereum and Solana. They have their merits, no doubt. But let's not forget that Bitcoin is the OG, the gold standard of crypto. It boasts the security, brand awareness, and track record unmatched by any other coin

I'm not suggesting how you should spend your money here. You make that decision. But if you want a long-term investment with great promise, Bitcoin is the path forward. The bright new things shouldn't divert you. Follow the acknowledged winner

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Quote from: kotajikikox on April 27, 2024, 09:45:18 AM

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.

Yes the area I see this diversifying of advantage is when one is tide down with some responsibility that would lead to selling off your investment such as Bitcoin if one has diversified investment you have options of select the lesser that will not totally pull you out from having investment in BTC but only sell off those less one thereby saving you of not tempering or selling your Bitcoin investment.

Secondly the risk factor as you have made mentioned it reduce your risk as you will not be depressed if one of the investment happened to fail as your expectations might be the diversify investment can wage such depression and give you some level of balance.

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Quote from: Dzwaafu11 on June 10, 2024, 07:17:31 AM

Quote from: GeorgeJohn on June 03, 2024, 11:53:47 AM

I have seen different persons that hold altcoins and on the process of holding the altcoins and it ran out of the market, so I know quite well that for we to understand the procedures and processes of bitcoin we needed to purchase fifty dollars' worth of any altcoins we think that have potential and also hold bitcoin worth of same value and cross check the one that will yield positively after the period of time you wanted.

Obviously, we don't have to do this; only someone who doesn't have critical knowledge about bitcoin and other cryptocurrency will want to compare altcoins with bitcoin. However, bitcoin is just the best cryptocurrency. We all know that when it comes to investment value and other things, regardless of how good altcoins are at the moment, bitcoin is the best. Anyone holding Altcoin for a long time, seriously, there is a possibility of losing that money.

Exactly since we or a lot of people know that bitcoin is proven and tested for many years of its existence. We always see how lucky those people who hold for long time since majority of them is earning good profit for believing holding bitcoin. But people need to think about that its not easy as what they think since there's a lot of things need to consider also lots of knowledge need to learn. So if they are hardworking and open for new learnings then for sure most likely they might succeed on their plans towards their bitcoin investment. Also its risky to do the same with bitcoin where we do experiment to hold it for long term since a lot of them got no value since devs of the project usually the first one to dump their token. But if we go on Ethereum or Sol maybe there's some chance so I might think about adding this two alts on my list.

Dzwaafu11

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Quote from: GeorgeJohn on June 03, 2024, 11:53:47 AM

The essence of holding Bitcoin for long-term is to make profit for the investment, because I know quite well that any cryptocurrency investment the target of a holder is to make profit, Instead of me to hold altcoins for long-term I rather hold quantity of bitcoin I feel like holding, so I don't know for any other person, because I know very well that bitcoin investment whosoever that venture into it have plans.

When it comes to long-term crypto investment, bitcoin is always the best option for any investor. Bitcoin has a long-term value that many investors have already experienced, and more value is coming its way, so it is always advisable to invest in bitcoin for a long time. However, investing in altcoin is not really good if the investor plans for a long-term investment. You are right, any investor who ventures into bitcoin has a long-term plan because the profit will come after waiting for a long time.

Quote from: GeorgeJohn on June 03, 2024, 11:53:47 AM

I have seen different persons that hold altcoins and on the process of holding the altcoins and it ran out of the market, so I know quite well that for we to understand the procedures and processes of bitcoin we needed to purchase fifty dollars' worth of any altcoins we think that have potential and also hold bitcoin worth of same value and cross check the one that will yield positively after the period of time you wanted.

Obviously, we don't have to do this; only someone who doesn't have critical knowledge about bitcoin and other cryptocurrency will want to compare altcoins with bitcoin. However, bitcoin is just the best cryptocurrency. We all know that when it comes to investment value and other things, regardless of how good altcoins are at the moment, bitcoin is the best. Anyone holding Altcoin for a long time, seriously, there is a possibility of losing that money.

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Quote from: Tmoonz on June 10, 2024, 05:20:34 AM

From research and analysis, Bitcoin can give it's best performance only if one can hold especially for a longer time, taken this to those who where able to invest in Bitcoin at its earliest age for instance when Bitcoin was only maybe 15 to 20$ and was able to till date, it is a financial life changing opportunity, thou most people doubted it while others took advantage of it. The truth is that Bitcoin has shown to be a good coin and the best among others such that anyone can buy and hold in Order to have a substantial overall return over a long period of time.

Irrespective of the price of Bitcoin if one holds Bitcoin for a long time then he can definitely get profit. Another major reason for this is Bitcoin Halving. As the miner's reward is halved every halving, the circulation of Bitcoin decreases, which causes the price of Bitcoin to increase. Moreover, since Bitcoin is a highly volatile currency, those who try to hold Bitcoin for a short period of time are exposed to comparatively more risk. A long-term holder does not need to worry about the price of Bitcoin falling. Moreover, long-term investment returns are also higher.

Topic: Why you should only hold Bitcoin - page 5. (Read 2462 times)