Quote from: Zackz5000 on Today at 09:14:43 AM

Quote from: Bravut on June 21, 2024, 02:10:56 PM

Quote from: Onyeeze on June 20, 2024, 10:51:53 PM

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. You can still hodl onto your Bitcoin if properly you don't have money to accumulate more Bitcoin at the present time that doesn't mean one should sell out his or her Bitcoin hodling that's why it is always good to have your discretionary income readily available so you won't sell out your Bitcoin hodling when there is no money to accumulate Bitcoin at that the present time you can still hodl your Bitcoin for a longer period of time probably 4 years and above.

Bitcoin accumulation is a continuous journey, even when encountering financial challenges we should keep in our mind that holding for long is essential as we don’t want to miss the goal and target set. When it comes to target it’s important as it’s needed to be accomplish no matter the time and delay for example, anyone building a house must definitely finish the project so he can reap the benefit but, what if there’s no money at the moment to complete the project what do you think? Should the person sell or wait. I’m just setting an example why an investor needs to hold and not sell, although buildings are different from bitcoin investment but I’m relating the thought with the mind of an investor. It’s not an easy journey starting bitcoin journey mostly an advanced investor so it’s not so simple selling as I don’t agree with the thought of selling because there’s no money to invest at the moment.