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    Author Topic: The power of HODLing BTC  (Read 2042 times)
    liasbaa
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    September 22, 2024, 01:37:10 PM
     #121

    Investors or holders who held bitcoins in 2009/10 and have not sold bitcoins to date can easily understand the importance and power of holding by looking at their wallets. Those who held Bitcoin when it was worth a cent or less are now billionaires. According to experts, the price of Bitcoin will increase in the future. If someone is still holding Bitcoin, he will become a millionaire and billionaire in the future.

    Those who have known Bitcoin earlier, of course, they will understand very well that Bitcoin is very good to be used as an investment in the long term and to be able to survive in the long term, of course we must have a fixed income to be able to continue to accumulate Bitcoin assets and hold according to the target they want, but in the process of holding, of course we must use funds that we will not take in the near future in order to be able to make a profit from it because if you use funds that we cannot hold on to in the long term, it will be very difficult to be able to make a profit from it.
    If you have believed that Bitcoin will continue to increase in the future, of course there are those who have held the asset well and will also make profits in the future, because it is very unlikely that someone will be able to maintain the asset well if they do not understand well how Bitcoin works.

    The truth is Bitcoin favours long term holders. Put 3-5years in mind not 6months.
    You should complete at least one full cycle as short-term plans to profit from Bitcoin may be somewhat risky for you. Also if you can complete multiple cycles then more profit is possible. You tend to choose and hold Bitcoin as an investment for the long term which can increase your chances of profit.

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