Quote from: Kemarit on September 10, 2021, 02:54:36 AM

Quote from: Fundamentals Of on September 10, 2021, 02:16:36 AM

Quote from: fortunecrypto on September 09, 2021, 08:02:37 AM

Quote from: Fundamentals Of on September 09, 2021, 02:05:23 AM

The volatility is increasing. It is safer not to play with the price for now. In times like these I would rather just hodl and wait for the better days to come. The risk of trading Bitcoin short term is high but it is significantly lowered to the minimum if you are looking at the long term.

We certainly cannot predict Bitcoin's price tomorrow or the day after it but we are almost assured that years from now the price is definitely higher than today.

We are in pandemic times and this is the hardest time to HODL Bitcoin because of this pandemic I have to sell half of my share to sustain my livelihood, my country is one of the hardest, I'm trying to keep the remaining shares because with all the prediction I just knew Bitcoin will reach 6 digits maybe not this year but definitely next year.

I understand your situation of course. These are difficult times. Jobs are lost, businesses are down, shops and stores are closed, etc. It is completely all right to let go of some of our precious Bitcoin to support our needs. At the end of the day we are stacking Bitcoin so that we have something to use when the day comes. We are not hodling for the sake of hodling. We are hodling for our dear life. Perhaps now is one of those rainy days when Bitcoin could help us a lot. Better days will come soon for sure.

To each his own I guess, of course we really need to take care of ourselves, bring food in the table for our family. But if you have financially plan your self ahead of crypto investments, I doubt that you will have to touch your bitcoin savings because of the pandemic. I'm not saying that I'm good at financial planning, but I'm talking about my experience of being a Bitcoin holder for many years. For the scenario, we are still in the $46,000 give and take, but everything still looks good for us in the last couple of months before the end of the year.

No, I guess it is not a question of financial planning or how good we are at hodling Bitcoin. We must have assumed things are working as they normally do. Of course, we are also acknowledging the fact that despite our positive outlook, there might be unexpected times which call for unexpected responses. But I am sure nobody ever expected that the time would come when people would no longer go out, that businesses would come to a halt, that jobs are to be lost, etc. We know bad days will come. But nobody could have expected the worst. Nobody expected a pandemic and nobody thought it would last for two years.