Post
Topic
Board Speculation
Merits 1 from 1 user
Re: Buy the DIP, and HODL!
by
Frankolala
on 22/05/2023, 16:55:59 UTC
⭐ Merited by JayJuanGee (1)
Those who store all their asset in bitcoin will end up not being able to hold all their bitcoin for a very long time,they will only be able to hold little fraction of 20% after a long time, due to the fact that we will be faced with an unforeseen financial challenges and before you know it since this is there only assets they will have no any other option but to use from their portfolio to tackle the problem.

It is only those who have overcome financial stability that can store all their asset in bitcoin. I don't think it will even be possible to store all your assets in bitcoin and still be able to hold for long. Even the whales or someone that have overcome financial stability is because he has a business or businesses that is fetching him his funds daily. If this type of person   has like $1M and invest all into bitcoin doesn't mean that he has invested all his asset in bitcoin because his business is still on.

What I want people to understand is that if you are not the patient type with your savings, you will find it difficult to hold for long. Let's look into Laszlo case 13yrs ago,he used 10,000btc to purchase just two pizzas and today 1btc is worth $26+. Imagine if he had all those btc with him presently. Imagine someone has 0.1btc right now and was able to accumulate more bitcoin gradually till he realizes 1btc and hold it for 13yrs,he will be very happy seeing the worth of his investment.