Post
Topic
Board Speculation
Re: Buy Buy Buy or Sell Sell Sell?
by
MainIbem
on 21/09/2024, 08:46:48 UTC

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 love the way you explained Holding to him using (Corn and Dirt) I used to have that mentality that their are good Alts I can hold for long-term and I bought some coin and watched it crash, it changed my mentality about Holding and made me understand that there's nothing close to Bitcoin and that most of those coins depends on Bitcoin's volatility to gain in price, so why then would I leave something that's superior to invest on others that are depending on it, it's just like disregarding the instructions of your boss and follow that of his cleaner or security guard. Also I now understand that lots of people still got wrong thoughts about Bitcoin, it was created as an Alternative to Fiat and give users opportunity to be their own bank like you said and not to overthrow Fiat currency.

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.

Well it's no shame to me cause it's better late than never, their are people who don't even know anything about Bitcoin and are very eager to know since they've seen it's potential, atleast your knowledge and understanding is far better than their's when it comes to Bitcoin and their are some errors they'll make at the early stages of their involvement in Bitcoin that you won't think of making (errors like panic selling or adding shitcoins to their portfolio due to FOMO) and I see that with the knowledge you've got so far, you've realised your previous errors and wrong choices of investment and would be very careful not to repeat them again. I believe that you've been following threads as this on a regular so you should now know your way around Bitcoin and the best ways to invest on it, that alone should make you proud instead of wishing you Learnt earlier, I believe the future is better than the past.