A few years ago, I was laser-focused on HODLing my Bitcoin stash. I was so sold on the “never sell” mantra that when an opportunity came up to invest in a promising business venture, I brushed it off, deciding to stick to my Bitcoin position instead. After all, I believed that if I just held on long enough, Bitcoin would take me further than any startup could.
Fast forward to six months later, Bitcoin’s price took a sharp dip. Meanwhile, the friend who took a leap and invested in that business venture saw their initial investment triple. I couldn’t help but wonder: was my blind HODLing hurting me more than helping?
I get it—HODLing is about believing in Bitcoin’s long-term potential. But are we so committed to it that we’re missing other life-changing opportunities? What if I had taken a balanced approach, allocated some Bitcoin, and invested the rest elsewhere?
I’m not saying Bitcoin’s a bad investment; far from it. But putting it on a pedestal can mean missed chances. Sometimes, it’s worth asking ourselves: is HODLing everything really in our best interest?
So, who else has felt HODL-induced “FOMO” when they see others diversifying? Or maybe it’s just me?
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11 sats \ 0 replies \ @Aardvark 21h
Putting money into a startup is a much larger risk than holding bitcoin. Had this venture flopped and you invested in it you'd be kicking yourself for not holding bitcoin.
Have an investment strategy and stick too it, otherwise you'll just up chasing easy money. It's fine to diversity, but plan ahead of time how much your willing to gamble on high risk investments.
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HODLing is not about keeping your sats hidden and never use them as money. Is about NOT going back to use fiat, never sell your sats for fiat profits.
It also means to use your sats wisely, only buying things that you really need, in a certain moment and from merchants that accept BTC.
If you bought BTC as an "investment" then you learned nothing about bitcoin. Bitcoin is far more than just hedge method against inflation of a fiat currency. But when the time will come for you, you will understand what I mean.
Until then.... more sats for me
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Holding assets through the hard times are what make you a winner at the end. You are just looking at the short term. You need to think bigger.
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