Post
Topic
Board Bitcoin Discussion
Re: Am I Too Broke To Own Bitcoin?
by
goldkingcoiner
on 02/01/2024, 11:48:58 UTC
To be honest, I don't really own bitcoins because I do not HODL. I always see myself selling my coins due to one issue or another, possibly because I really cannot afford to live my dream of holing until Bitcoin makes me rich.

In practice, I barely earn more than $3000 from my job, my wife's mortgage, and other demands waiting to snap up the money. Sometimes I sell in a bull market, and other times I sell in a bear market. Would you say that holding BTC isn't for everyone? Am I not too broke to depend on Bitcoin for financial freedom? Yeah, I'm working for my financial independence, but Bitcoin has remained a peripheral component of that plan. Only if I can HODL for a few years.

Do you comfortably HODL? 300% is quite a lot. 1000% for me is a dream.

My good man, you are broke because you do not hodl the Bitcoin that you can afford. If you cannot afford to buy any Bitcoin, that is understandable. Payments must be made, there is no other choice. But I think anyone can save up a few dollars to grow their BTC bags.

Sorry but it seems to me that your fiat is dragging you down and you have been exposed to that unjust and corrupt system of money for so long that you now cannot imagine your financial life in any other way. In fact, if you were to trade any expendable fiat in for Bitcoin, you would probably panic sell during every major volatile price event. Flip flopping back and forth on your investment will definitely make you even poorer as you lose Bitcoin in bad trades and through trading fees (they add up to quite the large amount over time).

You need to sort yourself out before you think about Bitcoin. Your current mindset is not helping you. Undecided