Quote from: Cookdata on Today at 04:29:01 PM

Quote from: Bitstar_coin on May 23, 1975, 01:51:05 AM

#HODLing is not a smooth journey, do you agree? Grin

Totally agree, it is mostly easier said than done for most investors. I personally can recall the different juicy opportunities I have missed to really make it big in this space as a result of a lack of patience to HODL. Especially those early days in crypto when you barely understand the market and easily get freaked out with every FUD and market dip.
Experience is the best teacher they say and I believe the majority of us are more experienced and mature over the years of being in crypto.

What is your view on #Hodling Guys?

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If there is any digital currency that is stubborn and rigid, I will say it's bitcoin because I could remember vividly just last year or 1 year ago and some days when bitcoin when to below $16k, everyone were sad and panicking that bitcoin is going to repeat 2020 blood bath and it will go to $5k but look at it now, it's been stubborn to go below $35k since last month because some fundamental news are pushing it to break $40k and when that is successfully broken, next target is going to be $50k.

What are the lesson to learn from holding bitcoin? You need to be extremely patient about it, the journey is bumpy and at the same time painful but there is joy you get in the end and that's the profit you make at the end of the day when you decide to sell. It can be draining and challenging especially when the market is red everywhere but you see the green candles that were printed in October and November were worth the effort.

The amount invested is actually going to depict what you are going to make at the end of the day. Don't invest $100 and expect to get $20k in the next 5 years. That's like 5X and if bitcoin should do that from the current price, we will be discussing bitcoin to be at $100k plus which is possible and likely not possible. It's better you consider amount to invest.

Whenever that extreme bearish situation then making out further step or buying decision would really be the toughest thing that you would be able to consider on this kind of time. Cheesy