The Beauty Of Hodling Crypto - I Could By The Car Now

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It's quite unbelievable what's happening these days. The whole world is brewing and I mean our platform as well. Things have never been so exiting and fun. What we're doing here is not just some fun writing anymore.

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Hodling Crypto

One week ago, out of curiosity I did the match to see how much my holdings worth on Hive and came up with $9,100 as result. This is the post I wrote about it. It's 3 years of activity, without investing any fiat. I made a calculation to see what can I buy with that amount of fiat and came up with a car that costs 8,600€, which was more than $9,100 at that time, but I said in a few months I could get there and have the possibility to buy the car.

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Today looking at the market, I thought let's see how much the value of my holdings has appreciated. Imagine my surprise when I saw $12,653 on my screen. That is $3,553 more than one week ago. Look at how the situation can change in less than one week. Now I could buy the car without any problems and have some hive left in my account. I have no words to express what I feel now, even though I know I won't touch my stake, even if it doubles.

Holding Fiat

If I would have had fiat (USD or EUR) in my pocket, today would have had the same amount. This is a no brainer. I can't see any type of investment that would give you such an earning opportunity at the moment, except ctypto.

It's important to mention though, that the power down period is still 13 weeks, that is a lot of time in which anything can happen, I could double my stake value, or half it.

The Golden Opportunity

I see these times as those in which Bitcoin was still under $1 and undervalued by almost everyone. It was something new, not many had confidence in it, for some 1 BTC was worth a pizza. We're not there yet as I can't buy a pizza with 1 Hive, but we're getting there.

I was thinking of all those who quit early, saying Hive or Steem back that worth sh*t. They wanted a get rich quick opportunity and didn't have the patience to wait, nor could see the golden opportunity we have here. History has the habit of repeating itself and people make the same mistake, over and over again. Some will learn from their mistakes, others learn from other people's mistake and some will never learn.

This is our future, it can be a safety blanket, that is getting thicker and thicker. Every day there's a new opportunity to take advantage of, you just have to show up and do the work. That's all it takes. It's hard work, no doubt, but it worth it.

As you can see, today I could buy the cheapest car available at the local dealer, a new car though, but who know, maybe in a couple of months I could buy the next one on the list, a better one. Or one day I could buy a house.

I just hope more and more people will join and learn how to earn and hodl, learn how to build the future, their future.

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11 comments
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The power of crypto is amazing. I wish I was early but I still think at this point we are ahead of the curve by a long run. My goal is to start accumulating and earning enough rewards to pay my bills. That would lessen the stress and hopefully free me up from being shackled to 9-5.

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I agree, as you say, we are ahead of the curve by a long run. It's not too late for you to start building up your account, consolidate your stake. It can come in handy one day. Maybe one day we can afford to sit back and let curation do the work.

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Thank you for your engagement on this post, you have recieved ENGAGE tokens.

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Congratulations. I find myself thinking something similar. I have enough in BTC that I could pay off a large debt, which would leave more cash in my pocket every month. I struggle to decide which would be in my best interest, to hodl or to pay off the debt.

Best of luck.

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Thank you! I can understand your concern. Lucky me I don't need the money right now, neither the car, so no headache there, but in case I would, I guess I would freak out :)

I've seen users cashing out every penny to pay mortgage, bank loans and unfortunately are not active anymore. It's hard to get back in the game after you cash out almost everything.

In your case I guess it's vital to evaluate how much it would cost you to pay debts and how much BTC will appreciate in time. While the first is known, the later is unknown. It could go up a lot this year, or only next year or the year after that. It's a tough decision.

Anyway, good luck to you in making the right decision and succeeding here.

!ENGAGE 20

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On the bright side, I think I have developed the discipline to be able to rebuild my savings again. I have been, after all, posting during the Hive bear market and buying during the crypto bear market. If I do cash out, I am confident I can rebuild.

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Thank you for your engagement on this post, you have recieved ENGAGE tokens.

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let's hope that it will continue to rise and then you can buy both a house and a car :P

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The first part is ok, we all want that. But I'm never going to buy the car. The house is another matter but less likely as well.

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