Post
Topic
Board Bitcoin Discussion
Re: The Psychology of Investing in Bitcoin
by
Zlantann
on 01/02/2024, 20:28:12 UTC
Well Hello from the other side ~

Ever felt that rush when Bitcoin hits a new high? Or the sinking feeling when it takes a nosedive? Let's talk about the rollercoaster ride that is Bitcoin investing.Are we in it for the tech, the profits, or just the thrill? Whether you're a HODLer for life or a day-trading.Let's dissect the highs, the lows, and everything in between. After all, the Bitcoin market isn't just about charts and numbers.

What are your thoughts on this ~ Let's discuss

Although have love and respect for Bitcoin because there is nothing like this currency, the money is my biggest attraction. Bitcoin is one of the easiest, secure and private means of making money. It is also convenient and less stressful because you don't need to keep looking at charts every day. All you just need is knowledge, money and patience.


I don't think there is anything as Hodler for life; we don't buy bitcoins to hold them for the rest of our lives; they are not meant to be bought and held permanently in our wallets; they are not decorations; they are there to serve a purpose.
 
A very good point made out because if you should look at the word hold when it is concerning bitcoin, it just for a while until your certification is met, when you have made profit then you holding should be let go at that particular time. And since bitcoin is an investment and the reason for holding should be for profit. Holding permanently does not really make any sence to me. The purpose of buying must be fulfilled.

Some people see Bitcoin as an asset that can be passed on to the new generation. Just like people invest in stock or real estate so that their children or family members can inherit them, people have such plans for Bitcoin. Such a person might also have other hodling that is meant to be liquidated in their lifetime while others will be secured in wills or trusts.