Post
Topic
Board Bitcoin Discussion
Merits 1 from 1 user
Re: Finally I did it (I am happy to join).
by
Odohu
on 29/12/2023, 08:32:42 UTC
⭐ Merited by JayJuanGee (1)
Nice move man Congrats for finally having bitcoin my only advise for now "jus hodl" that 0.033 btc of yours can turn into a lot of profits someday don't be affected by incoming fuds  just continue to buy whenever bitcoin dips you can wait for the top of this bullmarket to take profit and wait for another buying opportunity.  
Sure he  will keep that coin for long , because it took him some time , effort and knowledge before finally buying this means how important to Him having this amount and for sure that is just the beginning and will extend more and more before the great halving happens ,
or maybe he will continue holding for more years readying for His future and His family as well.
Congrats to OP and happy Holding , welcome to the Gang  mate.
If we have decided to hold Bitcoin for a long period of time of course we must have a good plan to be able to carry out what we have planned and it is also very important to have good knowledge to be able to hold it for a long period of time because if we don't have a good understanding about Bitcoin then we will be affected by bad news about Bitcoin, when we have a good understanding of Bitcoin of course we will be able to easily achieve the targets we have set and we also have to be patient before the big halving happens.
By "good knowledge" are you suggesting that holding require any special form of knowledge? Do you know that many Bitcoin tech experts may not even hold Bitcoin better than investors like MicroStrategy that are busy accumulating Bitcoin for years without selling. Basic knowledge of Bitcoin is all you need to be able to invest in Bitcoin and HODL.

In my local board, a lot of people started their Bitcoin journey this December as you can see in this newbies introduction thread, these are people with little to no knowledge of Bitcoin and the tech behind it, but within a month or two from now, we would have guided them on how to start accumulating and holding Bitcoin while still acquiring more knowledge of it like I'm personally doing. If they have to wait till they get detailed technical knowledge of Bitcoin, a lot of them will be frustrated and will abandon it for other easier things. I don't think we should scare people with this knowledge thing because even in conventional career, people learn on the job.