Everyone has their own idea of what it means to invest in Bitcoin. They have heard the stories of how people bought Bitcoin and became rich nearly overnight. No matter what anyone tells you, nearly everyone that has entered the Bitcoin market during the last several years has come for the money. It is that ability to potentially change their life forever that piqued their interest and finally gave them the motivation to buy.
However, the longer that you are in this market, something begins to happen to you. People in the space often refer to it as falling down the rabbit hole of Bitcoin. This is when people finally have an epiphany and begin to understand what gives Bitcoin value, why it’s important, and how it could change the world. People come for the money, but they end up staying for the tech.
The number one rule in Bitcoin is to always remember that nothing is guaranteed. While Bitcoin could someday be worth $1 million per coin, it could also go to zero just as easily. But as time goes by and you become more experienced with Bitcoin, your conviction in the asset grows even stronger. You can’t imagine a world without Bitcoin; there is truly no turning back. For the betterment of the world, it needs to succeed.
While your original goal when entering the market was to make to change your life financially. You begin to believe that you won’t need to ever sell your Bitcoin. That the famous Bitcoin Matrix meme will come true. Believing that eventually, hyperbitcoinization will occur, which will cause the price of Bitcoin to soar to unimaginable levels. It also will result in Bitcoin not only being accepted anywhere you can spend money, but it will also be the preferred payment. These types of people believe that those who accumulated Bitcoin will live like kings, and those who didn’t will suffer the consequences financially.
The HODLing mentality of never selling your Bitcoin is common amongst some of the most prevalent Bitcoiners. The peer pressure is real, and they might even look down on others for selling.
However, the real factor is that you won’t want to sell. People who have gone down the rabbit hole often become attached to their Bitcoin bags. It has even become part of their identity. The thought of selling the Bitcoin that you worked so hard to accumulate is something you can’t bear. Your worst nightmare scenario would be selling your Bitcoin only to see prices go to those astronomical levels. It would be something that you regret for the rest of your life.
People who have been in the Bitcoin and cryptocurrency market have all felt emotions like this at some point or another.
With that said, we must always remember why we entered this market. We were hoping to change our lives for the better. The world is getting more and more difficult by the day just to make ends meet. Then also taking into account the fact that Bitcoin’s future isn’t guaranteed. We all assume that there will be another bull cycle, and then another after that. Believing that Bitcoin will also recover after each bear market. But that isn’t guaranteed. Anything could happen, and we must always remember this.
For some people, the hardest thing in Bitcoin is to actually sell it. Giving up on what could be, rather than being able to change their lives today. Something that many people overlook isn’t that Bitcoin’s future isn’t guaranteed, but that life also isn’t guaranteed. None of us know how much time we have left. Many of us keep waiting, sacrificing, and delaying our success when that future is unknown. Always remember that there is no harm in selling, as long as you can improve your life.
How about you? Have you ever sold Bitcoin
As always, thank you for reading!
