Quote from: Tmoonz on Today at 11:03:53 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..

nt of having had overaccumulated BTC.

Thanks for the clarification I now have a more clear picture of the term HODL and I completely agree and understood the clarity made by you. However, it is very wrong generalizing the meaning of the term HODL to be hold for dear life in terms of Bitcoin whereas it is in shitcoin involvement whose aims are only for quick profits maximization that has zero percent guarantee which is very unrealistic and can never in any way be compared with Bitcoin that has a solid foundation. Generally, what I understood from your explanation is that Bitcoin is not as risky as most persons claims or proclaim it to be.

either you're talking about Bitcoin or shitcoin, the term HODL doesn't in any way suggest that you're holding your Bitcoin for dear life and it's only bent on misleading and trapping newbies and vulnerable bitcoinner to believe that they have to hold thier investing for a very long period of time before profiting from it. Shitcoin should always never find a place in the equation of being invested into and if for any reason you think you want to hold on to a shitcoin, you probably don't know what to do with your money or you're possibly misinformed about all crypto having an investible potential.

Regardless of what you think about the word holding or HODL maybe in terms of what you've read in an article that gave you such idea or what someone has told you about how that you need to hold on to your bitcoin for dear life before being in profit which has all contributed to shaping your thought process, you've got to receive this right reorientation that it's always lots like that wnd that you dont need to wait too long before you reach your goal. As fast as two circles can put you in a good profitable region where you can decide to take your profit and upgrade yourself from it or do whatever you choose to do it. It's all about the ability to accumulating as much Bitcoin as you're able to and if you can accumulate a good quantity of Bitcoin withing four years and then the price of bitcoin gets to a comfortable region, you don't have to wait for too long before reaching that hight.

But then, you would have to make the final decision at the end of the day if you're going to take out your profit after you've reached your accumulating goal or if you won't. The advantage of having a stack of Bitcoin in reserve even after reaching your accumulation goal is that with time, your stack is bent to keep on increasing in value multiple of times above what it currently has now and with speculation that Bitcoin might climb as high as $200k and above, you can't tell how high Bitcoin will get to in the future and having a good fraction of it would be one of the greatest investment yoi will possibly make.