Why Crypto Investors Should Continue HODLing

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2024 is a long awaited year for crypto enthusiasts as they anticipate the Bitcoin halving which occurs every four years. However, due to the volatility of cryptocurrency the event is full of speculation and uncertainty thereby not aligning to the expectations of investors. Here is why I want to share why crypto investors should continue HODLing, even when the halving doesn't go as anticipated.

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Why Crypto Investors Should Continue HODLing Despite Uncertainty Surrounding the Bitcoin Halving in 2024

1. Long-Term Vision:

Cryptocurrency investments, particularly in Bitcoin, require a long-term perspective. In worthwhile crypto tokens like #hive, investors HODL longer in the belief that the market will eventually reward patient investors overtime. By holding onto your assets, you are aligning yourself with the fundamental principles of cryptocurrency and its potential for long-term growth. So, if the Bitcoin halving doesn't occur now, it may in the long run; just have the mindset of long-term investment.

2. Historical Performance:

Crypto analysts often speculate the market using long-term fluctuations; for instance, the previous halving events showed that the real impact often unfolds over an extended period. Therefore, looking at the historical performance of Bitcoin, it becomes evident that short-term fluctuations may not accurately reflect its true value.

As the long-term trajectory of Bitcoin has demonstrated consistent growth, investors believe the Bitcoin halving is happening soonest which calls for more HODLing which is why HODLers of #hive from Hive, #inleo from Leofinance, $ZING from @holozing earning @zingtoken are really expectant even though the token is currently worthwhile.

3. Limited Supply and Scarcity:

From research, it is seen that the Bitcoin halving event is driven by its unique supply schedule which reduces the block reward, resulting in a decrease in the rate at which new Bitcoins are created.

With a limited supply of 21 million coins, the scarcity factor plays a significant role in Bitcoin's value proposition. Even if the halving event doesn't lead to an immediate surge, the reduced supply over time strengthens the case for continued HODLing.

Conclusion

While the Bitcoin halving in 2024 may not meet immediate expectations, there are several reasons for crypto investors to continue HODLing. Firstly, adopting a long-term vision aligns with the fundamental principles of cryptocurrency and its potential for growth. Secondly, historical performance indicates that short-term fluctuations may not accurately reflect Bitcoin's true value, making patience important. Lastly, the limited supply and scarcity of Bitcoin contribute to its long-term value proposition, reinforcing the case for continued HODLing.

This article is written in InLeo

Inleo is a blockchain-based Web3 community that builds innovative applications on the Hive, BSC, ETH, and Polygon blockchains. Our flagship application: Inleo allows users and creators to engage and share content on the blockchain while earning cryptocurrency rewards.

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