Post
Topic
Board Bitcoin Discussion
Re: You must have a source
by
GideonGono
on 30/01/2024, 13:46:20 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.
It is true you couldn't succeed in holding cryptocurrency if you don't have other source of income.
You would always take some from your holding to use for your expenses, so if you want to hold your crypto make sure that you could support your expenses without moving your holdings.
After all those holdings should be considered as your savings or extra money so it shouldn't bother you when the price increase or decrease.