Post
Topic
Board Bitcoin Discussion
Re: Don't forget to HODL your BTC
by
Issa56
on 13/06/2024, 20:37:34 UTC
Title.

Whales are going to start selling like last cycle.

Don't fall for the trap. Don't sell unless you absolutely have to!
I am not worried about the temporary dumps always happening in the market, no matter how the market dumps, I know it’s temporary. Whenever there is a dump in the market, if I have some money that I won’t be using, then I will be accumulating more rather than panicking and selling. Seriously, newbies are the only ones for whom I think they should panic whenever there is a dump in the market, but people who have been in the crypto space for a long time shouldn’t be disturbed, they should know it’s just temporary.

Hodl it until fiat becomes less popular than bitcoin.
I don’t even care if bitcoin will make fiat currency less popular, all I want is that bitcoin should be an alternative payment method and shouldn’t be competing with fiat currency. If you want bitcoin to start competing with fiat currency, then there will be a problem  because the government will do everything possible to counter any currency that’s going to kill fiat currency because the government is making use of fiat currency.