Home Bitcoin News You Haven’t Lost Anything Until You Sell HODL Bitcoin (BTC)

You Haven’t Lost Anything Until You Sell HODL Bitcoin (BTC)

You Haven't Lost Anything Until You Sell HODL Bitcoin (BTC)

Dan Held Shared: The Bitcoin investment strategy:  Earn Bitcoin, Buy Bitcoin, HODL and Retire. It really is that simple.

Community Response:  I have only lost money hodling, I started investing in crypto early November though. My timing is not great.

He said Bitcoin, not Crypto. And the time frame of one month is lame.

You haven’t lost anything until you sell. Keep HODLing.

The point is to sell all your money, and you get Bitcoin in return. Bitcoin is not crypto.

The 3 strategies I followed for building wealth:  1) Buy things I believe will go up in price.  2) Hold on to them for a long time.  3) Wait.

The 3 strategies the crowd follows to lose it all:  1) FOMO into new ATHs.  2) Panic sell at Bottom.  3) Repeat.

HODL is an investment philosophy which extends beyond Bitcoin.

Neo (from The Matrix) asks Morpheus, “What are you trying to tell me, that I can trade my bitcoin for millions someday?” Morpheus responds, “No Neo, I’m trying to tell you that when you’re ready you won’t have to.” Bitcoin.

Bear market started from November 2021.  And it will last through January 2022.  Be careful while trading.

Retire? The good money was already made with bitcoin. CAGR going forward will be 20%.

You’ve forgot a third step after step 2: Sell #Bitcoin for Ethereum.  No worries, it happens quite often.

Where are you earning at? In what capacity? You mean yield from Celsius, Blockfi etc?

No. But I heard about tangible things that happened to be more than oasis on a desert. I’m good, though.

Where is the part where I get yield trustlessly?  Why just retire when you could leave a legacy. Yes, it is, but I would like to add: Enlighten others

You can think so for now. Currency inflation will now affect the price of Bitcoin. But this also means that the price of food in our reality is rising. Do you think it can be understood this way?

I note you didn’t say retire wealthy. History has repeatedly shown that diversification and reinvestment of income are safer ways to long term wealth accumulation than concentration and hold.  BTC or crypto generally could for some people be a sensible % of a diversified plan.

Currency inflation will only bring more people into cryptocurrencies, not only because of the devaluation of USD, but more importantly because of its private nature.

You missed a step after HODL. “Don’t lose your mind”.

But what if you are just HODLing too damn hard to spend any of it and retire?

Wouldn’t you buy bitcoin and then earn the bitcoin? HODL and retire.

Can you do all 4 at once and repeat? Working for me so far.

You will thank yourself in 5-10 years. Set you and your family up for success.

Can you buy bitcoin with the bitcoin that you earn?

Imagine HODL Bitcoin thru another bear market while not earning any yield.  I’ll pass.   If you earn bitcoin, there’s no need to buy bitcoin.

Just to be a niggling nerd buy, hodl, earn, hodl, retire is probably the best working order for most there.

Work! Love your family! Make sport! Eat healthy! Bitcoin and your retirement is worthless.

It should be renamed as: The Bitcoin Investment microstrategy: And get you get stacked when you don’t move. What you don’t know is highly much greater than you.

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James

James T, a passionate crypto journalist from South Africa, explores Litecoin, Dash, & Bitcoin intricacies. Loves sharing insights. Enjoy his work? Donate to support! Dash: XrD3ZdZAebm988BfHr1vqZZu6amSGuKR5F

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