Post
Topic
Board Bitcoin Discussion
Merits 1 from 1 user
Re: HODL bitcoins, you can do it! Look at HODL camp map to build up strong hands
by
tranthidung
on 03/02/2024, 13:58:17 UTC
⭐ Merited by JayJuanGee (1)
When we hold Bitcoin in real life, we see that it has both advantages and disadvantages. If we look closely, owning Bitcoin for a long time can provide possible rewards.

One of these advantages is that it provides high profits and inflation protection, but it also involves large risks due to volatility, regulatory uncertainty, and security issues. Before making any investing decisions, think about your risk tolerance, financial objectives, and understanding of the bitcoin market.
Volatility is only a big concern if you plan to hold bitcoin in short term. If you hold it long term, like about 5 years, volatility is not your concern because price is strongly upward.

ROI chart shows this fact https://casebitcoin.com/charts#roi_chart
Choose different time frame like 1 year, Year to date, 2 years, 3 years, 5 years and see different ROIs. With 5-year ROI chart, I am sure you will see no concern with Bitcoin volatility in short term.