Quote from: acroman08 on Today at 04:44:36 PM

Quote from: Trilli7777 on October 31, 2024, 05:03:20 PM

I'm happy I purchased my first Bitcoin, and I'm proud to call myself a bitcoiner

Congrats on buying your first Bitcoin, I hope you have the guts and can hold on to your Bitcoin during a bear run or dips. Bitcoin is very volatile and it can be scary for a lot of people when the price dips, a lot of people have tried to get into Bitcoin but a lot of them lost a lot of money because they couldn't hold on to their Bitcoin and decided to sell at a loss.

Nowadays people are encouraged to hold their bitcoin for a long time and this has actually become a habit in the cryptocurrency industry. While we have just forgotten that, first bitcoin was created to be a currency before it will become an investment asset. Right now no one wants to talk about the currency part of Bitcoin because everyone want to hold for a long time in order to make profit from the king coin. However it is pertinent to understand that the real essence of having bitcoin or the knowledge of Bitcoin is to enjoy the dividends of Bitcoin which includes but not limited to decentralization and liberty of money. So, as we encourage newcomers to hold bitcoin, if they still have things that they will have to buy online with bitcoin they should also spend their bitcoin during the bear market. It makes no sense to continue holding for infinity.
Anyways congratulations for buying your first Bitcoin.