Quote from: Wind_FURY on Today at 11:47:52 AM

Quote from: reagansimms on Today at 08:15:47 AM

Quote from: Wind_FURY on Today at 07:17:15 AM

Plus the truly learned people about the basics of Bitcoin, and who truly understands how everything sticks together in the network, what makes it censorship-resistant, and what its actual value proposition is WILL HODL Bitcoin/or hold it longer as an investment than those people who merely learns about its market and its price movements.

But in the end of the journey, HODLing will make 90% of plebs more profit than "trading".

I would rather take shortcuts than spend hours just learning about the market and price charts. I mean, after learning the basics of Bitcoin by reading the whitepaper then understanding the fundamentals and having confidence in the great opportunities that Bitcoin will generate in the future, then Holding is more the best choice than trading.

I prefer to do quarterly analysis, so Hold is the best choice because it has the potential to gain bigger profits.

👍

CONFIDENCE is critical for the person who wants to adopt a HODL-style strategy. Some people would call it "faith" or "belief", but there is not faith or belief in Bitcoin. It's CONFIDENCE in the mere fact that the network will continue to keep chugging along, producing block after block, and that it will continue on for DECADES.

What would a person who doesn't know how Bitcoin works? He/she will PANIC SELL during drawdowns and FOMO BUY during price surges.

You’re absolutely correct, confidence is very vital to help us to accumulate Bitcoin in as much as we want to build a successful Bitcoin portfolio, we have to stay focused to be able to accumulate and maintain our standards of accumulating consistently.

We also need patience, it’s a very important factor when it comes to accumulating and holding for a longer term we have to appreciate the virtue of patience, if we are not patience when there is a downturn in the price of bitcoin we would might panic sell and end up losing our Bitcoin portfolio.