Yesterday I watched this video from Bitcoin Amsterdam (https://youtu.be/OVbCKBdGu2U?si=RO-Nb0X6dUT7AaOL) where Rational Root explain the cycle and how Bitcoin behave.
Since the beginning of the video, I was thinking to myself that the hard part for me is not the Hodling part, for me the hardest part is to send my SATs to another location where I don't control the keys...
Is it the same for you?, are you a natural saver?
it's the easiest thing, also because there are still all of these barriers. Converting to fiat includes jumping a number of hoops, not just to transfer it to exchanges, where I have no active account now that I ignored all of their "you need to update your KYC"-mails for a while. But if I did do all that, the transfer to a normal commercial bank triggers there tripwires. If I can't directly spend it, it's sitting there safely
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Not even a little
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No because if I would of just held a long time ago I would be a rich man today so the same applies to far in the future
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10 sats \ 0 replies \ @nym 14 Oct
I hope I never have to sell and can pass them on to my kids.
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After a certain point, hodling isn't the challenge. It's helping others see enough value that they'd buy and hodl themselves. In one way this depends on a foundation of distrust of the fiat system, awareness that accounts get frozen if you do anything which is sufficiently outside the norm, and a desire to take matters into your own hands. Another angle is to see all of the above and realize that long-term, decades from now Bitcoin will still be here providing value while other systems crumble. So you buy and hold and over time you realize that all the materialism that makes one want to get rich in the first place is a kind of poison. Lambos aren't worth the sats. Hodl on friends, be kind, and enjoy each day.
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I agree completely!
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I've been hodling for so long that I am afraid of the feeling of holding less than I do now. Holding fiat and preparing tax docs etc seem too high of a burden to actually pull through and sell.
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It's not hard for me at all. I'm a natural saver and have always been.
Saving is goated.
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On places like Nostr and SN, yes.
In fiat world.
No.
Bitcoin has actually made made me pretty good at saving.
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It is pretty much the same for me. You summed it up pretty good.
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Yes, it is the same for me. I cannot fathom the idea of transferring my SATS to another. Hodling on the other hand is not that hard for me which is similar to your experience. Somehow we all feel the same but our reaction afterwards is what makes us different.
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Selling is too much of a hassle due to taxes. And all of my Bitcoin is for savings. Cash savings are for immediate, emergency spends. Bitcoin is for planned spends, and right now I have no plans except hodl. I am lucky to be able to be in this position and grateful.
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