Post
Topic
Board Beginners & Help
Re: Reason for acquiring bitcoins.
by
Tmoonz
on 21/02/2024, 17:45:52 UTC
What is the essence of buying and hodling Bitcoin like is it to accumulate it till it attains ATH then we sell it off and wait for a dip and start buying and holdling again or just accumulate it and start using it as a digital means of exchange or are we going to continue till the 21 million Bitcoins have be mined, already 19 millions have been mined remaining 2 million because overtime, i have come across several topics about buy and hodl bitcoin so i actually wish to know the sole objective of acquiring bitcoins.

An idea investor sees Bitcoin investment on a long term perspective, and having volatility as Bitcoin functionality it is expected to buy and hodl in other to have a compounded value of his investment over certain periods of time.