Ninjastic
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Re: Buy the DIP, and HODL!
by
Odohu
on 02/01/2025, 22:05:32 UTC
⭐ Merited by JayJuanGee (1)
Quote from: ginsan on Today at 09:14:34 PM
Quote from: JayJuanGee on Today at 12:35:21 AM
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Sure, not every one has been ready, willing and/or able to hang onto the BTC that he was able to buy in 2015, which is nearly 10 years ago, yet those 10 years make a difference and we might not have had felt that we were making very much progress in our BTC stacking sessions from 2015... but our persistence, consistency and ongoing focus ended up paying off in the past 10 years. 
Yes sir, of course many early investors failed to hold BTC and there are also many early investors who have succeeded in holding their BTC until now, maybe not 100% of their assets but 20%, including investors who have been successful in overcoming many obstacles in the last 10 years.

I admit that sometimes our minds are not able to overcome all the obstacles that exist and it is a bad decision that he makes by giving up his BTC holdings. Also on the one hand, it could be that they want to have luxury goods, luxury houses and luxury cars, so they sacrifice everything with what they have built in the past 10 years.

So the successful are those who manage to set aside their BTC for their old age, that is their greatness. I want to refer to myself like them, hopefully with the existing mentality and previous experience I can hold BTC for a long time.
How long you can hold your Bitcoin depend on a lot of factors some of which I will explain as follows:
  • The purpose for which the investment was made like if you bought as a returement plan, to save for your heirs or just because others are buying or because of the hype. Indeed, people buy Bitcoin for different purposes and they hold towards such motivations.
  • The money used in buying the Bitcoin, if it is money that can be kept in Bitcoin for a long time or not. If the investor uses discretionaryincome to buy Bitcoin, such investor will hold Bitcoin longer and better than someone who uses money meant for basic needs to buy Bitcoin. This is why it is advisable to only buy Bitcoin with discretionary income.
  • Provision for emergency funds which is money set aside to cover any emergency that may arise that was not planned for when making the investment. This is important because it will help protect the investment from sudden liquidation when the investor run into a situation that requires money and cannot just wait. The emergency fund is very important and hoghly recommendedfor every investor that wants ti hold Bitcoin for a long period of time.