Quote from: tread93 on Today at 11:48:15 AM

Quote from: Stablexcoin on March 24, 2024, 12:10:47 AM

I wouldn't have said this but I am much more concerned about the fact that we have been hearing so many people talking about holding Bitcoin for the long term and never selling. I find it so confusing that after investing so much in Bitcoin for years we won't want to sell our bitcoin till we die.

I've been buying Bitcoin since last year when it dipped in December i know it's not long. Since then I have held my bitcoin firmly regardless of the price increase this year I still decided to sit on it. Although I do not have enough Bitcoin because I have little money then if I were to sell my holdings now I would have 3 times of I invested.

Also, I have the belief that Bitcoin will keep breaking new ATH forever. Should I leave my Bitcoin forever without selling it or set a goal that I have in mind and when it reaches that goal I sell and take my profits?

What do you do?

On what principles guide your actions in the realm of Bitcoin (BTC)?

Bitcoin holders believe in bitcoin's ability to act an an anti-inflationary agent in their portfolio. If Banks are the disease then bitcoin is the cure! Bitcoin is going to prove to be the greatest safe haven asset the world has ever seen, & it is currently already doing quite a fantastic job at moving up in price over time & the chart looks absolutely beautiful. I plan to hold on for at least another 5 or 6 years I think around 2030 the crypto market will be very mature.

Yes we believe in bitcoin about its cycle that repeats every 4 years, and it will give us the answer to the bad FIAT about its huge inflation and taking away our hard-earned wealth, long term defense is good and we will be safe in terms of finance in the future if we hold a large amount.

I plan like you also to continue to hold bitcoin, but also need to see that market fluctuations exist, and for me who only has a little money to invest in bitcoin then what I need to do is sell when the bitcoin price is high and collect back when the price is very low, and that happens in the Bear and Bull cycle, I have to maximize the benefits that I can get to get to 2030 in a better way than just waiting.