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Hodling Requires A Lot of Patience
99 sats \ 2 comments \ @lightwalker 20 Jan 2024 bitcoin

It's not as easy as it sounds to hodl Bitcoin, when you have an immediate need, which could be solved by selling your precious Sats.

Imagine that you need to: buy groceries, pay house rentals school fees, settle loans, pay utility and medical bills. You have your stack of Bitcoins in your hardware wallet. Some millions of SATS, most of which you sold out some of your belongings to stack enough SATS and here you are with such an immediate need, but you don't want to touch those SATS. Because why? "I'm hodling". This is my personal experience.

Honestly, hodling Bitcoin requires a lot of humbleness, courage and enough patience, to succeed. Remember that:

The day you sow a seed, is not the day you reap the fruits.

Stay humble, stack sats and be courageous, hodl, regardless.

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0 sats \ 0 replies \ @hodlpleb 20 Jan 2024

This is why I recommend setting checkpoints that are several years out. If you can make the decision “we will reconsider everything after the next Halving” with a level head, then you can go back to that decision whenever you are in a momentary crisis.

Some other thoughts:

  • Think of bitcoin as your retirement. If you wouldn’t raid a 401k plan (& take the penalties) to solve your current crisis, why would you sell sats?
  • Keep enough dollars on hand to ease the pain of any logical crisis that might come up
  • There will always be another crisis, so don’t think solving the current crisis will actually solve your life
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0 sats \ 0 replies \ @harrr 20 Jan 2024

Managing money isn't easy for everybody

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