Post
Topic
Board Bitcoin Discussion
Re: You must have a source
by
serveria.com
on 30/01/2024, 13:30:02 UTC
You must have a source of income if you must succeed in your holdings.

For the few years I have been into cryptocurrency, I have discovered that you can't hold till the right time if your don't have a source of income. Just imagine that you have a pressing basic needs like feeding or rent, then you don't have money  to finance it, you will be forced to sell your Bitcoin at a loss if you don't have a source of income outside your holdings.

Most people that have sold their Bitcoin holdings at a loss or at an average price actually have the patience but don't have the knowledge of how to hold, because a good holder must be aware that he needs a source of income for him to be able to consolidate to his holdings.

It has happened to me severally, I have been able to hold now, since I started working as a merchandiser with Guinness, I think most times, experience is the best teacher.

So very true, but with one exception: if you are an early adopter and possess lots of coins it won't affect you much. Otherwise, living off your coins (without additional income) is a terrible idea, which could lead to premature liquidation and eventually going bust.