Post
Topic
Board Bitcoin Discussion
Re: Why you should only hold Bitcoin
by
lixer
on 15/06/2024, 06:45:22 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.
I think the main reason why bitcoin can't be held for a long period is the low savings that people who trade have. Big traders can wait for years because they have a lot of money to invest in other coins and also have a lot of savings. I'm saying this because when I started trading I didn't have enough budget to buy bitcoins and sell them back. Then I would buy again and sell for a small profit, so I can say that a lot of people know how much Bitcoin can give them years later, but they don't hold it for long because they don't have that much money.

And it's true that if someone has enough money to hold Bitcoin for a few years, it will give them a lot more leverage than if I had enough money three years ago, I wouldn't sell. If I could have held till today, I would have gained 10 times, but unfortunately, I didn't have that much money and I couldn't store much except a little bit of it.