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.
Everyone has some personal reasons behind holding Bitcoin. But for whatever reason Bitcoin holds up, at the heart of it all is the return on investment. Some are satisfied with a small amount of profit and some wait for a long time to get a relatively large amount of profit. Some investors hold their investments for a short period of time while some investors hold their investments for a long period of time while also investing in DCA investment strategy. Investing in this strategy allows the investor to hold his investment for a long period of time as well as realize the financial freedom he wants to invest in Bitcoin. This investment strategy is currently a favorite among investors because any professional can invest in this investment strategy.
Yes, it’s certainly big profits and returns of investment. As much as possible, people will buy and hold maximum amount of bitcoin simply to gain huge profits when one decides to sell at a higher price. And since bitcoin is for long term investment, people hold bitcoin in preparation for their future retirement. While few people buy and hold bitcoin for short term, but majority still hold it for long term, because the higher the years you are keeping bitcoin, the more promising profits you will benefit in time.