Buy and HODL Bitcoin.

Discussion • 2021/02/17 • by

Hi, first post here! So here's a very basic strategy for buying Bitcoin.

You buy some Bitcoin and then you hold onto it forever.

You HODL it.

You HOLD ON FOR DEAR LIFE to Bitcoin.

You only cash out your profit and never your principle. In fact, if you can afford it, just let your profit sit and grow forever.

So how do you cash out? Set a date and target for when you want to cash out and stick to it.

STICK TO IT.

For example, I decide to buy $1000 worth of Bitcoin and decide to take the profits out only after exactly one year. Rough and dumb example, but you get the idea.

Actually, for Bitcoin you might NEVER want to cash out. Because it's Bitcoin.

And Bitcoin is always going to be useful.

You can either buy one lumpsum of Bitcoin at once if you've got a huge bankroll. Or you can just buy a set amount of Bitcoin every month (or week) for a set amoubt of time.