Buying Bitcoin Is Easy, HODLing Is the Hard Part
While Bitcoin booms in the bull markets, its volatility can provide an intense reality check – just ask veteran investor American HODL.
HODLing bitcoin is so simple, yet it’s one of the most difficult and challenging things to do.
HODLing bitcoin is a choice. You have to wake up every day and choose to continue HODLing BTC. When you have every reason to sell bitcoin, you have to continue HOLDing. This is where most people fail.
The anxiety of losing money kicks in. The fear of being wrong becomes a cloud over your head and you start to wonder if you’re wasting your time and ruining your future by HOLDing bitcoin.
It really isn’t for the weak, so I understand why so many people could not fathom holding onto an asset this volatile, this early into its existence. It makes sense why most people were not ready to go all in on bitcoin, but those who did were highly rewarded for their efforts.
This American HODL thread sums up HODLing bitcoin perfectly.
Here’s a story for $106,600 per Bitcoin.
6 years ago in 2018 I stacked cash all year knowing I would rebuy bitcoin at the “bottom”.
We spent 3 months or so consolidating around $6,600.
I got impatient and was like fuck it this is my moment and deployed half my stack.…— AMERICAN HODL
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