Post
Topic
Board Bitcoin Discussion
Re: HODLing strong!
by
pawanjain
on 17/06/2022, 13:53:05 UTC
HODLing since 2013, never sold a satoshi. The storm will pass and one day we will see BTC above $1xx,xxx . Good things come to those who wait. Losers deserve buying crappy fiat: money without long-term value backed by the banks. BTC is being too nice to the people: offering them so many buying opportunities yet they don't see them. Let them stay poor.

Hate to break it to you, if you never sold any, you never made a profit.
Paper gains are not real gains, as real gains or losses only happen when you click sell.

So it does not matter if you own millions of dollars worth of bitcoin,
if you are never going to sell, you are poorer than those that do lock in a profit every now and again.

There is an old saying, if you don't use it, you lose it.  Cool

Tough to say but you are right. It took me two major crashes to understand this fact.
The last one in 2018 and the current crash which is ongoing. We could have made profits selling above $50k and buying back now.
But by HODLing forever we are missing out on these profits as well.