Here are the 8 rules of holding/ hodling your bitcoin and being a long-term thinker:
- Read up about bitcoin so you are comfortable with what it is and what it is not. Only buy things you are familiar with and that you understand the associated risks of.
- Find a legitimate cryptocurrency exchange to buy from, or buy from someone you trust.
- Buy a little bitcoin. You can buy as little as you want, you don't have to buy a whole bitcoin.
- Create a plan of action so you know how to behave before FUD happens and can stick to your plan.
- Decide which news or social media channels you will follow and try read from the sources not rumours.
- Know when events like halvings (2020) and bitcoin forks will happen.
- Buy some more bitcoin, especially when at a premium low price.
- Hold your bitcoin until the time you planned to sell it, don't just sell when the markets shoot down.
If you have any others you can think of, leave a comment below. If this helped, please upvote and share.
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