Post
Topic
Board Bitcoin Discussion
Re: Why you should only hold Bitcoin
by
Assface16678
on 07/06/2024, 11:27:44 UTC
Those who have held Bitcoin will of course have long-term planning in holding it and will certainly be able to gain profits in the future and for some people who have held it for a long time, of course they have made profits earlier than those who have just started, because from the beginning Bitcoin appeared. Until now we can see very good developments and currently many people want to invest in Bitcoin because they have seen that the results that can be obtained from investing in Bitcoin are very profitable, but they have to be able to hold it for a long period of time, there is no harm in it. we follow other people's advice in investing but we also have to have enough knowledge about Bitcoin so as not to follow the wrong advice in investing.
Not everyone understands that and not everyone can hold Bitcoin for a long period of time with all the panic over rapid market price movements so there are many things that must be learned first before deciding to invest in Bitcoin for a long period of time.
If we look at the possibilities, of course the possibility of profits will be much greater for those who hold Bitcoin for a long period of time and we can see all of this from what happened in the past so this is likely to happen in the future.
Well, you do have a point, as bitcoin is requiring a long-term hold because you can maximize the potential profit doing that. Also,  if an investor is not used to crypto currency investment and doesn't know anything else, then holding a bitcoin asset is the best option for them. But with the essence that people tend to exit early in the market because some people can't keep up with holding bitcoin assets, That's why bitcoin holding is not for everyone who can't keep up with holding; in case of emergencies, they tend to sell their assets because they don't have any other means of extra income. But if they can contain the urge to keep on holding, then they can expect a greater reward, with, of course, good timing in entering the market. I once sold my bitcoin assets in the past when I earned some money and realized that what I was doing was wrong, but now I keep on increasing my bitcoin holdings and never sell them if I need some money because I have some other means of getting extra income.