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- Importance of Holding Bitcoin (BTC)
- Holding BTC and holding hot coals
- Nayib Bukele on Bitcoin adoption
- David Tice Warning on Holding BTC
Dan Held, talking about the importance of holding, expressed: We are on the path of maximum pain; if you survive the journey, you will know what HODL means.
Onlookers seem to express understanding stating if there is no pain, then there is no gain. But, there is no such thing as easy money. There is only smart money. And, all you need to do is simply nothing, HOLD.
There have been those who stated; There will come a time when holding your Bitcoin will be as difficult as grasping hot coals. However, Dan Held acknowledged the same implying that it is important to HOLD.
Other enthusiasts say: Do not be afraid, brothers and sisters. This is a battle for the freedom of humanity. Bitcoin is the ONLY non-violent way to successfully fight the forces of the current oppression. If you only knew how much the elite fears the ones who HODL, you would never consider selling now.
Holders acknowledge we are now precisely zero growth year to date. However, the year is not over; holding summer could be choppy.
Many were trying to be honest, stating that potential 60-70% drops in a bull market have caught me by surprise.
The dip shoppers were like: I’m still buying at this point because I expect BTC to hit 44k through 65k.
Also recollecting: “In 2001, we adopted the Dollar for the benefit of the banks, today we are adopting Bitcoin for the benefit of the people.” – Nayib Bukele, President of El Salvador.
Reportedly, Venezuela has the 3rd highest level of Bitcoin adoption globally, as many seek a solution to their country’s economic instability. Currently, the highest denomination is Bs. 1,000,000 = $ 0.27
Some Venezuelans say I have not seen a single person use BTC. The reality for those who live there to know. “This is a lie. I don’t know a single person in Venezuela transacting in BTC. 3rd highest level of BTC adoption is BS.”
However, if the adoption story of BTC is true, those like Elon Musk need to see and understand. Crypto isn’t a meme coin and simple investment. Crypto has the authentic power to lift the quality of lives in developing areas where most people are bankless or perhaps live behind a corrupt financial system.
1 bolivar is .000000028 USD; if it just gets to 1 cent and you bought a penny of it, you could make thousands. That’s how this works, right?
And, central bankers are working their brains out about the CBDCs. Meanwhile, David Tice has warned that Bitcoin is “very dangerous to hold today.”
