Tell me how long you can HODL Bitcoin no matter what, and I’ll tell you who you are.
After months of hesitation, you have decided to enter the Bitcoin world for good. First of all, let me congratulate you. You have made the right decision to take control of your destiny. Indeed, Bitcoin will allow you to take power over your money.
Once you have power over the fruits of your labor, you will be able to live your life on your own terms.
However, to achieve this level of self-sovereignty, you will need to become a Bitcoin HODLer. The term “HODL” can be intriguing when entering a new world like Bitcoin. In fact, I often have newcomers read my articles and put comments like this:
“You can’t even spell the verb HODL”.
This shows us how far along we are in the Bitcoin revolution. So I’m taking my time to explain to these people the origin of the term “HODL”. No, this is not a mistake on my part.
The term “HODLING” first appeared on the Bitcoin Talk forum on December 18, 2013, when user GameKyuubi posted a message stating that no matter what happens, he plans to keep his BTC:
Probably drunk, GameKyuubi then made a spelling mistake that has since become part of Bitcoin lore. Now, when we talk about someone who plans to keep his BTC no matter what, we say he’s a Bitcoin HODLer.
Bitcoin HODLers are ahead of the rest of the general public from my point of view. They understand the importance that Bitcoin will have in the world of the future. Bitcoin is currently an accumulation game for years to come. The more BTC you accumulate, the better your future will simply be.
As the price of Bitcoin in U.S. dollars increases, more and more people will tell you that you need to take profits.
Taking profits is something that can be legitimate with a traditional asset. You invested in Tesla stock a few years ago. The Tech bubble that formed in the stock market since March 2020 caused the price of Tesla stock to explode.
So you decide to take profits. That’s a good decision.
With Bitcoin, the situation is different. Bitcoin is not an asset like any other. Bitcoin is a monetary revolution that will change the world of the future for the better. So your best interest is to hold on to your Bitcoin until the day when mass adoption of Bitcoin by the general public becomes a reality.
It will take time, but it is your best option in the face of a monetary and financial system that suffers from seven deadly sins that will cause its downfall sooner or later.
Taking profits with your BTC is clearly like buying U.S. dollars. You would then be choosing to sell the hardest money in the world for weak money. This clearly doesn’t make any sense, you will agree. It’s all a matter of perspective, and you need to take the right view to take full advantage of Bitcoin in the future.
Some people will ask you how long you plan to HODL Bitcoin no matter what. I am often asked this question. To these people, I always answer the same sentence:
Bitcoin HODLer one day, Bitcoin HODLer forever.
The point here is to make it clear to people that I am determined to support the Bitcoin revolution no matter what.
At your level, what does this mean for your relationship with Bitcoin?
If you buy Bitcoin and keep it for a week or less, you are clearly in gambling mode. You could go to Las Vegas to gamble at a casino and bet it all on roulette to get the same result. You clearly have no interest in doing so. In the short term, the price of Bitcoin is extremely volatile. Doing so puts you at unnecessary risk.
Those who can HODL Bitcoin from one to six months are rather speculating in my opinion. The risk is always high because you are going to be subject to the cycles of the market.
Beyond one year, you already show more conviction in Bitcoin, but ultimately you are still hoping to make profits. Profits in U.S. dollars, which is weak money that keeps devaluing over time. Your interest is quite different.
HODLing Bitcoin makes sense if you can hold your position for more than 5 years. Why? Simply because it allows you to ignore market cycles. With halving occurring every 4 years, the Bitcoin market responds to 4-year cycles.
Your greatest natural advantage in the world of Bitcoin is your confidence in its revolution. The greater your confidence, the greater your patience. If you can HODL Bitcoin for more than 10 years, you will truly be in savings mode.
Bitcoin is first and foremost a savings technology. By adopting this mindset with Bitcoin, you will make the most of its revolution on all levels. You’ll have more time to learn, more time to focus on the essentials of life, and more time to detach yourself from the fluctuations in its price.
In the long run, the price of Bitcoin will explode as demand continues to grow while its supply is hard-capped at 21 million units.
Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://www.inbitcoinwetrust.net/on-what-hodling-bitcoin-really-means-11cd67be1cc2?source=rss——-8—————–cryptocurrency
