Post
Topic
Board Bitcoin Discussion
Re: Bitcoin Long Term Investing & why this is the only way to Financial Freedom
by
lionheart78
on 06/09/2020, 16:12:19 UTC
Long term investment, but how long? Would it be financial freedom? I don't think so. Financial freedom is that you have to ability spend your fund anytime anywhere.

Holding Bitcoin for a long time can be one of the ways to financial freedom.  Looking at investors' perspective and looking at Bitcoin History,  If those who bought on the year 2010 don't hodl their Bitcoin and sell them as soon as they saw a 1 dollar profit, then I believe most of popular early investors today wouldn't be that popular.  Furthermore a $1  investment Wayback that time, and they keep it until now would have yield more than  1,250,000%. 

The first real price increase occurred in July 2010 when the valuation of a bitcoin went from around $0.0008 to $0.08 for a single coin.

Imagine investing a $100 on Bitcoin way back 2010 would have given a profit of $12m+ and that is enough to give those investors financial freedom.  It might be harder today but of course, it is still possible, if not on Bitcoin maybe on altcoin.

So just hold and hold for a long time wouldn't be a brilliant decision and wouldn't be financial freedom as well. For example, you bought bitcoin at $3K and you Holden it for 2 years, eventually, it's become $50K each, so still, do you think you need to hold more longer? If so then how long? I am also a fan of a long time holder, but my point is when I have a handsome profit then don't be greedy and enjoy your financial freedom. Don't make mistake like I am suffering by mistake of 2017.

It is obvious that in a certain span of time we have to sell in order to reap our reward.  Would it give us financial freedom, depends on our decision.  After all, profit on Bitcoin all depends in our patience.