Post
Topic
Board Bitcoin Discussion
Re: The power of HODLing BTC
by
Moreno233
on 27/03/2024, 08:17:28 UTC
I think there's probably a reason why they say patience is virtue and it's something most humans don't have and in the case of Bitcoin journey, it's something that everyone needs to actually achieve that financial boost goal in the HODLing of our Bitcoin.
Patience is the key things when it comes to HODLing Bitcoin and those who are able to develop patience will always have great testimony such as we have here - HODLing from $0.2 to $70,000. Anyone not motivated by this does not really believe in Bitcoin and that is rather unfortunate. Bitcoin seems to be getting set to cross to six figures, so those thinking that the price is too high now might be making a mistake.

Note:: remember to keep your coins safe too that's base on the preference of a non-custodial wallet or cold wallet if you are HODLing for long term
I will recommend self-custodian wallet as that gives you control over your coins. Saving your coins under the custody of another person is very risky, so much that it can result to total loss of assets. Now that you mentioned the wallet, it is one of the biggest challenge to HODLing Bitcoin. I have also seen a post in X about some early people to Bitcoin who saved their coins in hardware wallets but having problems remembering their password. So care must be taken about the storage media and how to protect the secret keys.