The philosophy of a Hodler is rooted in a long-term belief in the fundamental value and potential of cryptocurrencies, it’s a strategy that leverages the power of patience over the high-risk, high-reward nature of active trading.
Hodlers typically believe that despite the short-term market fluctuations, the intrinsic value of cryptocurrencies like Bitcoin will see exponential growth in the long run.
This belief often extends to a conviction that cryptocurrencies will eventually supplant traditional currencies and reshape the global financial landscape.
It would be funny if you tell a supposed holder of Xrp since 2018 when XRP was priced $3 the same thing.
Or Holder of Worldcoin or XYM or Shibainu or EPX.
There are lots and lots of coins to show why HODLING is for Bitcoin and not shitcoin.
If you hold a Corn, it would grow and bring forth more cornz but a dirt will always be a dirt no matter how's packaged.
"Hodlers typically believe that" this sounds weird, one you made it seem like you talking about a set of people different from you and also Bitcoin didn't come to rule the world
It's an opportunity to be your own Bank. It's different from Fiat.
I also experienced something called panic because I bought Bitcoin and then when the price went down I sold it because I panicked and was afraid that my money would run out, but at that time I still didn't know about BTC and didn't know. about BTC supply and so on, but fortunately because I joined this forum and I often read.when I invested in BTC, I didn't panic when there was a decline and of course I only sold when I made a profit. and what is certain is that if there is no profit, of course I don't dare sell BTC because of course BTC has the potential to continue to rise in price in the future. As for corrections, of course this is a normal thing.
A shame I learnt about this forum late.
I Was around Bitcoin 2020 halving, I heard about it but didn't even know what it meant.
Thought it meant the price would be halved and I waited and waited and waited for it but it never came.
But Bought quite a Sum around $9K and sold around $10K and I felt I was the smartest man on earth.
Lol how I can't even imagine how ignorant and foolish I was.
The one that ticked the box for me was FTX dip and I sold at a Loss.
Some months later I learnt about Bitcointalk and saw a post by Franky that Bitcoin wouldn't fall more than $15K because of the cost of mining a bitcoin is around that price
And it would be hard for Miners to sell at loss.
Boy why didn't I see this post before selling instead all I was seeing was Bitcoin to $10K, $6K.
Now I made a vow that even if am going to sell some,It would never be in a Loss.