Quote from: Btcdeybodi on Today at 06:08:08 AM

Quote from: JayJuanGee on April 09, 2024, 10:42:06 PM

Quote from: Tmoonz on April 09, 2024, 12:01:04 PM

@samlucky o (HODL) hodl for dear life is not a method or strategy of Buying or accumulating Bitcoin unlike the dca and buying the dip rather is an acronym
That is meant to encourage investors not to sell their investment but to hodl when there is a price downward trends or upward trends until the certain investment goals and objectives are achieved

"Hold for dear life" is a stupid expression, and it was made up by some mainstream pundits who are trying to suggest that it is risky to hold bitcoin.

Even though they are correct that it is important to hold bitcoin, I think that going along with that meaning "hold for dear life" is short-sighted and tries to spread negative messages about bitcoin.. even though the term is used with shitcoins too.. even though no one should be HODLing shitcoins, even though surely some shitcoins are going to perform better than holding dollars, but I still would not recommend them beyond 10% of the value of your BTC holdings.. and even 10% might be too much..

Sometimes I do wonder how some persons just come up with archaic expression, "HODL for life" some people doesn't know the essence of Bitcoin investment or the reasons for accumulating Bitcoins. Every investment have the possibility of profits or losses then in an investment where you have recorded a reasonable amount of profits, is it not for you to make withdrawal?. This are some of the expressions that chases people away from investing in Bitcoin because on a normal sense, if you hodl for life then of what value is the Bitcoins you have stored? It really sounds ridiculous though.

Diversification is good for an investor but a Bitcoin investor needs not to invest in shit coins even at the lowest quantity because these are basically coins that may not be sustainable in the future so of what need to invest on them? Instead making investments on some real life assets will be more preferable to investing on shit coins, f*ck shit coins!

I also buy the same sentiment as you bro, most newbies don't know that as long as the crypto industry is concerned, their is nothing to diversify, their is no substitute to Bitcoin, because all this alt and shit coin that are popping out every day are just things most of this people are creating to milk investors of their hard earned money.

All my time in the crypto industry, I have come to understand that aside Bitcoin, you will eventually get burn, and one thing they normally use in enticing newbies is their crazy returns, but someone that have gotten a good knowledge of Bitcoin will never think of investing in anything other than Bitcoin, because it's the real deal.