Post
Topic
Board Bitcoin Discussion
Re: Hodling Bitcoin
by
livingfree
on 07/09/2023, 16:46:54 UTC
It is normal to fear investing if you're not yet knowledgeable about it. It's better to take it slowly and learn as much as you can before putting any money even in bitcoin.

That's right, I can't even imagine the feelings of people who bought bitcoin at its peak price and see its price now. Although, most likely, these people knew all the risks when they bought it.
Speaking of that situation, I've seen people that did the same thing and it was not just during 2021 bull run but also on 2017. It's truly a matter of patience when you invest aside from having the knowledge of what you're buying.

So, if you ever decide to buy, you have to make it sure that you're firm with that decision of yours and you're going to hold as much as you can until you profit.

For us to hold a coin, we have to be specific on the target coin we are seeing with the prospect of holding and will not turn to scam and all efforts and resources wasted along side, we have to understand the different types of coins to invest on, the associated risk involved in them ad how reliable they are when it comes to investment, scam is very common with some or these newly introduced memecoins and once we made a wrong choice investing in them, loosing our investment is what becomes a dominant occurence we should be expecting anytime soon.
Well, we're talking about Bitcoin in here so there's no scam except if you've been blindedly attracted to those ponzi schemes that use Bitcoin as their main method of payment.