Post
Topic
Board Bitcoin Discussion
Re: Knowledge vs hodlings
by
lalabotax
on 17/09/2023, 21:52:33 UTC
Is Bitcoin hodling more important? well I have read a couple of post which always talk about owning Bitcoins which is definitely a good idea especially as someone in the crypto space however will hodling Bitcoin be important without proper understanding of Bitcoin and the crypto space? Of course not.
Basically, everything requires knowledge before we do something new, especially when it comes to money. This is to further ensure our readiness to dive into it, invest not blindly, and also invest smartly, so that when the crypto market goes against our wishes, then we have the knowledge of what we should do. Investing without any knowledge at first becomes a blind investment. This is not very good, especially for beginners.

Knowledge in Bitcoin especially can also help you to make wise decisions even in difficult conditions. Not only that, the important thing is that we really understand when is the best time to take profits, so that we can feel the results of our investment. So you don't necessarily want to invest for several years. Because in Bitcoin investment, there are bullish and bearish cycles, so we have to understand both to determine when to buy and when to take profits.