Most decisions are made by some investors out of no choice. I could remember when I bought matic then around $1. I plan to hold this token no matter what happens. But this token later becoming deep during the bear season till around $0.45. This period I need money seriously to solve some issues, after looking around for where I could see the money and I didn't see any, I have no choice than to sell out this matic to solve the issue. I believe same thing mostly lead investors to sell out their token in deep.
I've experienced problems like that. maybe several times. because everyone's financial situation can quickly change. or some problems that occur to us can make us have to make difficult decisions by selling our assets under any conditions.
as is the case with the current conditions. with high Bitcoin transaction fees. If you are in a situation of necessity, then there is no other choice but to bear these very high costs.
no one wants to accidentally ruin their plans.
It is only the millionaires and the billionaires that would keep holding irrespective of the market condition.
That reminds me of a joke:
Question: "What is the difference between a million and a billion?"
Answer: "Approximately a billion."
Think about how small potatoes millionaires are as compared to billionaires. And with the debasement of the dollar, millionaires are everywhere.
Maybe soon there may be a need to start counting millionaires at $10 million or some higher number, because a mere $1 million does not seem to be enough to even live off of, especially in the west.
In
my thread discussing entry-level fuck you status, I had recently changed my fuck you status from a $1 million to $2 million, and I am sometimes questioning if that $2 million is going to be enough.. even though I am going to keep that $2 million listed in there for a while longer.. but if our money keeps debasing at the rate that it is, I might have to double it again (which might be $4 million or even $5 million) in a few more years. That would suck. I hate to do it, but I am already sensing that one or $2 million is starting to be not very much (and $2 million presumes an ability to draw a passive income of $6,666 per month - that is 4% per year)... and maybe even $2 million will be struggling as a kind of comfortable way to live without working, but at least if we are talking about entry-level fuck you status, there is going to be quite a bit of variation around the world, but still some "luxury" goods still cost similar amounts, even if the person is living in poor places...
An average investors like us would not want to lose from the market because the major reason why we are in the market is to make money and earn from the market.
The market can look very difficult for those of us trying to earn from it especially people that want to hold for a particular time so that they can earn too as others are earning. Holding is the key for crypto investors for a potential earnings.
Holding is ONLY a good idea when it comes to bitcoin.. Holding does not apply to shitcoins.. just like this thread is not about shitcoins or crypto, but instead in the bitcoin department. So if you happen to have any shitcoins, then you likely need to make sure you figure out how to get in and out of them and not get stuck holding shit and also thinking that HODLing applies to them, when it does not..
Regarding long term holding of bitcoin, then yeah there would be goals to increase your options by having been able to preserve your value better by accumulating bitcoin and then holding it rather than if you had held your value in fiat or perhaps some shitcoin.
So if you are holding bitcoin for the longer term, such as 4-10 years or longer, then hopefully bitcoin will have outperformed other places (or assets) that you could have had held your value and including considerations of the likely ongoing increases in the cost of living based on ongoing debasement of the dollar (and other fiats).
