Hopefully no one is holding crypto.. that would be dumb.
Current dip should prove to anyone holding the dangers of crypto and if they continue
Well I don't like calling people stupid.
To me, there seems to be a difference between calling people dumb and calling their actions dumb.. and sometimes there can be some value when using more provocative descriptive language. You are free to your own word choices
Learnt today that there are individuals that know nothing about Bitcoin but have been holding since 2020
Came across one today and was quite shocked.
Guess knowledge isn't the biggest decider of who holds or trades.
Some folks invest based on theories about number go up technology, and nothing more than that.
or at least at the time that I got into bitcoin in late 2013, my financial situation was in a position where I was fairly easily able to reallocate some of the value from my traditional investment portfolio into bitcoin (so there is some fortune in an ability to have lump sum options rather than merely relying on DCA strategies from discretionary income from work income).
Even though I have known bitcoin for a long time from 2015, I was still complacent about short-term gains and when I got a little profit, I immediately sold it because I was tempted to want fiat cash.
Let that be a problem then ... The past few years have tried to survive with bitcoins that have been owned until now, even when there are profits from others, they are put into bitcoin in a lumpsum while DCA continues to run,, this is my way to grow bitcoin ownership from two years ago until now.
It still seems better to me that guys have a long term investment thesis of 4-10 years or longer, and if you are merely building for 2 years, I have my doubts about whether you have learned your lesson from earlier. .which should have had been to continue to build your BTC holdings rather than selling your bitcoin holdings for what ended up being mediocre profits... you might need to start to think in terms of 10 years or longer .. and perhaps even keep buying bitcoin for 1 or 2 cycles before you consider selling any.
But, hey whatever, it is up to you to figure out what works for your goals and whether you are a long term investor or not, and also figuring out how many bitcoin that you might need, if your goal might be to get to fuck you status.. and sure not everyone wants to get to fuck you status, but it does seem like a place that bitcoin can help people to get to such status earlier in life than they otherwise would be able to get there, and sometimes just being able to get there becomes possible with bitcoin whereas getting to such status would not have had been otherwise possible without bitcoin as an investment option.
The way we handle our Bitcoin is entirely up to the owner. If they choose to share their seed phrase, that’s their decision, what matters is that, when the time comes to sell or spend our fortune, we’ll get to enjoy it. However, losing access to our wallet is a clear loss on our part since we miss out on using it. But what’s interesting is its effect on the entire market, lost Bitcoin reduces the supply, and based on basic supply and demand principles, this scarcity could help drive the price up in the future, especially since Bitcoin’s supply is inherently limited.
I doubt if I want to be a Jesus.
There's someone we can trust with our keys in case of the inevitable and I'm quite curious how individuals that wouldn't leave access to their private key still hold.
I hold for the future ,if I don't enjoy it
Someone I know would and that's a relief
I'm curious how individuals that might loss everything after death feel about Holding?
Or is their stash reduced by the years.
Or take the gamble of if they alive till old age they would love to go in a bang as and if not
Well, They at least tried.
That’s exactly why it’s up to you - it’s your asset, so you need to find a way to keep it safe and possibly pass it on to your kids or siblings in the future. If we educate ourselves on how to properly safeguard our wallets, there won’t be any issues later on.
There’s plenty of information available online on how to secure your hard wallet, so it’s definitely worth reading up on those resources.
Crypto wallets, explained.
Yeah actually that would be a dumb idea, but You wouldn't say that no one is HODLing cryoto@jayjuanGee, just say for yourself and not for others because not everyone has thesame goal and aim as you.
I can say that it is dumb to hold crypto, and you can disagree. And this thread is not even about crypto or various shitcoins, so it seems to be fair enough to just say that shitcoins are dumb without even having to explain, especially since we are in a bitcoin thread (bitcoin area of the forum).
I believe most newbies are still HODLing onto crypto hoping for a great result because of the inability to spot the difference between a potential coin like bitcoin from other shitcoins. Morover I don't see any correlation between your reply and the comment of @stadus. I expect you to explain more to that reply for clarity for those who are looking upto you and your kind of explanation. I as well love reading your post expecially with detail meaning and proof of explanation. Lolz
There is no need for me to explain in detail.
The term crypto is vague and misleading, and the mere fact that other businesses or threads (and even government agencies) use such a vague and misleading descriptive term does not cause the term to be less vague and misleading.
Yeah, maybe it is a losing battle that so many businesses are lumping bitcoin in with crypto, yet it seems way more meaningful to use the word bitcoin if we are referring to or wanting to talk about bitcoin and not to fall into such a sloppy habit of either using the term crypto or blindly following folks who use such a vague and misleading term and lumping bitcoin into such term.. If you don't realize that there is a difference between bitcoin and crypto, then you may well not even know what bitcoin is, and even if you do know what bitcoin is, if you are also using the term "crypto" to describe aspects of bitcoin to others, then you likely are either confusing them with such a vague and misleading term. Are you doing on purpose or do you not know that you are doing it? Either way, you likely should try to learn how to be more specific, even if you are forwarding the nonsensical descriptive materials that are used by others, including but not limited to cointelegraph and that article that is failing refusing to specify the extent to which they are talking about bitcoin or are they talking about some shitcoin, and which shitcoin? Shitcoins have various kinds of wallets, and some shitcoins might not even have non-custodial (or self custodial) wallets.
Again, hopefully no one is fucking around with shitcoins.