Quote from: Uhwuchukwu53 on May 09, 2024, 04:34:58 PM

Quote from: Judith87403 on February 22, 2024, 01:59:58 PM

Quote from: Btcdeybodi on February 01, 2024, 02:47:17 PM

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.

Well holding or selling off your Bitcoin is totally the individual decision because I believe that each and everyone has his or her motive of investing on Bitcoin, so if you feel that holding is the best strategy then better, in otherwise if buying and selling to get quick profit is also best for you then is okay, but for me I use to be emotional if something is not going towards my expected points so perhaps holding will be the best strategy for me so that I will remove my mind from being curious about the price movement also I realize that holding doesn't involve too much risk unlike trading.

Yes truth been told all individual have where favour him most when carrying out investment in BTC or crypto, the strategy you felt is the best can be the worst for another for instance some one may like the lumps sum, another may prefer the DCA I think the best is to go for what you think it favour you most among all the strategies in the investment.

You're absolutely right everyone is entitled to choose what's best for them you don't have to wait for anyone to decide for you, because most of the opinion you get from people can be very misleading sometimes. But one thing you should know is that bitcoin Investment is not a get rich quick scheme you will need to hold on to it for Long term investment, that's if you want to get massive profit in bitcoin investment,. but if you can't be patient enough to hold on to your bitcoin for long term investment you can also sell it within a short term the choice is yours.