Post
Topic
Board Bitcoin Discussion
Re: HODL bitcoins, you can do it! Look at HODL camp map to build up strong hands
by
Cryptoprincess101
on 07/03/2024, 04:57:01 UTC
I just want to add to what you have already said, holding sometimes can be challenging due to so many factors, but as an investors as we are, we need to look for a way to navigate our way in the crypto space for us to be successful.
I suggest we take a look at this thread I created about holding https://bitcointalk.org/index.php?topic=5477689.msg63316374#msg63316374
In life their are always challenges, problems are always around the corners, if you allow challenges to hold you down it will be impossible to bitcoin.  Hodling is not easy for anyone but people made it possible because of good decision to make sure they accomplished good profit holding.  If we always look up to our challenges,  we won't be to hodl bitcoin.

Holding or trading just like we do is working to make money and it has never been considered easy. Our lives are already difficult and will become even more difficult when we engage in risky ways of making money. But even though holding bitcoin will be more difficult than daily manual work, but if we are ready to face it and we can overcome it all. We will also receive more worthy rewards. Therefore, I think we should stop complaining once we accept to participate in the game, and if you are afraid that you cannot do it and it is too difficult for you, then it is best for you to leave the market.

The word 'holdling' to me means 'patience' because any one who is not patient cannot hold and it is good for us to know that every investment comes with it's own risk so whatever investment strategy that you choose, you should be able to manage the risks that comes along with it. For me holding Bitcoin is not that difficult as some persons thinks it is because you buy, hodl and if you want to continue buying subsequently, use the DCA and watch your investment grow. I don't think there's any stress in it so the only thing difficult here is your consistency to keep accumulating when you are using the DCA so that you won't ever miss any of your buying time and for this consistency to continue then a reliable and efficient source of income would be required as that's all what you need in the hodling process.

The benefits that comes along with holding, more especially for a long time, cannot be measured with trading or doing manual works on a regular basis because those things makes you physically and psychologically unstable because it is something that is required of you at all times more like hodling and continuing other life activities.