Post
Topic
Board Bitcoin Discussion
Re: HODL bitcoins, you can do it! Look at HODL camp map to build up strong hands
by
Furious 7
on 11/02/2024, 20:32:52 UTC
Honestly, I don't think hodling is that important. I agree that it's a very simple and very profitable long-term strategy with Bitcoin. But people can treat Bitcoin as money, selling and buying all the time. It's also fine to treat it like savings, taking out a part when needed, not when a hodling period is over. And then there's indefinite hodling, normally explained by phrases like 'if you wait long enough, you won't have to sell your BTC'. But what does it mean? Using it directly and exchanging for goods? Taking loans based on wealth you have in BTC, like rich people in the US do with traditional assets? Never using your Bitcoin (then what's the point of having it)?
There are many questions that people need to find their individual answers to.
It all depends on what we want in this case.
Doing the same thing as you said is also not a mistake because it is an asset that we have so we are free to do anything and make it a savings tool where when we need money then we can take it little by little from the profits we have. But on the other hand in this case determining that bitcoin is a tool for investment is also not wrong because everything has its own portion and each desire depends on our own perception.

Do what you think is profitable because being in bitcoin is not just to get hung up on what others are doing because in the end everyone has their own strategy and desire in setting bitcoin as their own will.