Post
Topic
Board Speculation
Re: Buy Bitcoin, and HODL!
by
Obim34
on 23/06/2024, 13:38:18 UTC
Do you know that the best way to make a profit in Bitcoin is when you purchase your Bitcoin and the store for longer time before he use or you sell your Bitcoin many people does not know that the longer you hold your Bitcoin they more the price of Bitcoin appreciate, but people who is new into the system does not really like to invest for long time and when we are making this reference or this suggestions that the longer your investment in Bitcoin the more you are accumulate more profit depending the percentage of the market at that moment


Holding of our Bitcoin is a testament of Discipline and Patience, one thing that is certain in a financial market is that the investors trait reflects in the market meaning we take decisions and actions which reflects us directly in a financial market. With a long term view we expect our hodlings to appreciate and not necessarily short term spikes.
Same time we must understand that while we hold as you say, it is very important to accumulate more Bitcoin thus increasing the stash of Bitcoin in our portfolio which in turns gives much or lesser profit. With a suitable and convenient strategy and plan which would not be exhausting.
In essence I can't just advise someone to hodl onto a purchase (Bitcoin), when such investor can accumulate more.
If you are saying you can't advise someone to hodl onto their purchase Bitcoin it simple means you are telling or advising them to sell out their Bitcoin hodling for this can be a misleading information to new investors or those that don't understand the importance of hodling their Bitcoin.

I think you are not getting the point @Bravut was trying to make on that aspect because if I understand him correctly he is trying to state the fact that is not advisable to ask an investor to only hold the little he had accumulated but that instead they should always continue on their investment, which is actually true because so many people especially the newbies on Bitcoin investment believes that even as little amount of Bitcoin they have on their portfolio is enough to fetch them a good profit in the future, which we no that is not actually possible because lets take for instance someone invested only $50 on Bitcoin and decided not to invest again hoping that in the future the $50 will worth huge profit, which is not possible because the profit will not be much compare to investors who are consistent.
Every Bitcoin investor, I believe already have his budget planned out meanwhile hitting and surpassing it is not a problem compared to feeling a lot relaxed and deciding not to create a new budget. We might feel the need not to invest but dearly every satoshi we refuse to accumulate now will definitely secure a worthy price in the future and some will leave in regrets while those who had took the opportunity and invested will surely reap better.

The amount of Bitcoin in our portfolio, forever remains the same, what we invest is what we have  in there, only the price keeps fluctuating according to the volatile rate going on in the market.