Post
Topic
Board Economics
Re: How do you work toward hodling bitcoin?
by
FinneysTrueVision
on 30/11/2023, 06:01:21 UTC
Personally was going through some sales of mine in the past and the worth of the BTC I had spent few years back today. Thought about it, until I came across of a twitter influencer who also sold his products for bitcoin. And he mentioned he didn't hodl those bitcoin. But he worked strides ahead to build his business such that he'll hold every single bitcoin he made through sales.


https://i.gyazo.com/5d112e462616872cf02e8cc6eff84ac1.png

https://i.gyazo.com/7b5c9d8d27f07382d3e4345dce7d3ea1.png

I started the same way. It is probably a common experience for bitcoiners. Almost everything that I earned I would immediately spend, gamble it away or invest in some hyped up altcoin. Everything I earned would quickly vanish. There is no special method I used other than choosing not to spend what I have earned. It becomes tempting to spend during bull runs or when there are huge discounts for Black Friday. In the past I would try to rationalize this spending but after some hard lessons I am disciplined enough to keep my spending to less than 1% of my total BTC holdings per month.