Post
Topic
Board Speculation
Re: Buy Bitcoin, and HODL!
by
Rustam Meraj
on 24/06/2024, 02:20:13 UTC
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.
I totally agree that investing in bitcoin is long term process that needs patience and determination even when faced with financial challenges. Setting goals and targets is good thing and giving up on them due to temporary difficulties would be mistake. It is like building house you would not stop halfway through just because you are running low on funds. Similarly investors should not sell their bitcoin assets just because they do not have enough money to invest at particular time. Holding on to your investment is must as selling might mean missing out on potential future profits. This requires disciplined mindset and faith in investment and I strongly believe that selling should not be an option especially for experienced investors who understand bitcoin potential.