HODLing Bitcoin Key to Long-Term Wealth? Learn How to Profit in the Crypto Market

Bitcoin as Digital Gold and the Long-Term Benefits of HODLing. Discover Why Bitcoin is the Ultimate Inflation Hedge and How to Master the Art of HODLing

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This post was originally posted in Tocsin Magazine. 

All Medium members can read the full post here.

Introduction

Hello, dear readers!

Today is Tuesday, and as you know, we’re diving into the fascinating world of crypto and blockchain. As a bonus, we’ll cover not just one but two crucial concepts tied to the crypto world.

Recently, I’ve been reading extensively about holding (HODLing) Bitcoin and its growing reputation as digital gold. Inspired by these discussions, I’ve decided to share my thoughts with you.

The Historical Context of Gold as Wealth Preservation

Historically, gold and other precious metals were trusted ways to save wealth, keeping it safe from inflation. Even today, many prefer to store their wealth in gold.

While gold is nearly immune to inflation and its value generally rises over time, storing large amounts of it can be impractical due to its weight and volume, which require significant storage space.

Bitcoin’s Unique Advantages and Challenges

This is where Bitcoin comes into play. Bitcoin solves the storage problem because it is digital and doesn’t require physical vaults.

However, it has one major drawback: its volatility. You might buy Bitcoin when it’s valued near $100,000, only to see its price halve or, worse, drop by five times within weeks or months.

 

Source: CoinMarketCap

Is Bitcoin Truly Resistant to Inflation?

So, is Bitcoin truly resistant to inflation and deserving of the title “digital gold” as some claim?

My answer is yes. I believe Bitcoin is both resistant to inflation and comparable to digital gold.

However, this is just my opinion and not financial advice, as I am a writer, not a financial advisor.

Let me explain why I think so. The reason is simple: If you examine Bitcoin’s value history and statistics, you’ll notice a consistent upward trend, much like gold. Additionally, Bitcoin’s supply is capped at 21 million coins, as coded into its blockchain.

The Scarcity Factor: Why Bitcoin Is Like Gold

This makes Bitcoin a scarce resource, akin to gold. Once the last Bitcoin is mined, those who own it will retain it, while those who don’t will have to purchase it at significantly higher prices.

As we know, rare and in-demand assets are always expensive. Bitcoin is undoubtedly in demand and will likely become even more so.

So, is it profitable to hold Bitcoin despite its price fluctuations? I believe it is. Time and again, it has been shown that those who held onto their Bitcoin have profited, and their capital has grown steadily.

HODLers, in fact, are long-term winners. However, one must have the patience and courage not to sell during market highs or when the price plummets.

“Bull Run” and “Bear Run”

As promised, let’s now explore the terms “Bull Run” and “Bear Run.”

The simplest explanation is that a bull signifies an upward market trend and recovery, while a bear signifies the opposite — a downward trend and market decline.

These terms are not exclusive to the crypto world but apply to any market or commodity, even animal skins.

Why Are These Terms Used?

The logic stems from the way these animals attack. Bulls, with their sharp, upward-pointing horns, resemble the upward patterns seen during a positive market trend. Conversely, bears, mimic the downward patterns of a declining market with their sharp, downward-slashing claws.

When bulls attack, they thrust their horns upward; when bears attack, they strike downward with their claws.

Although there are other explanations for these terms, this one is the most widely accepted and easiest to understand.

That’s all for today! Stay tuned for another crypto article next Tuesday.

How I Earned $1,167.39 Completely Free, Without Investing

Today You Will Learn How To Earn Free Crypto: A Guide to Earning $1,167.39 Without Investment and growing your…

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https://cryptonftworlds.blogspot.com/2024/12/how-i-earned-116739-completely-free.html

If you want to know more about the terms “Bull” and “Bear” read this article:

https://cryptonftworlds.blogspot.com/2022/12/bear-bull-and-crypto-winter-where-do.html

Bear, Bull, and Crypto Winter?! Where do the terms come from???

Today I will write to you about a very interesting topic, as you can see from the title itself, which is the origin of…

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https://ko-fi.com/neo77

Greetings and until my next article!

Neo77

Start Writing Online and Get Paid Today

Today I Offer You a Golden Opportunity for Writers Looking to Break Into Freelance Writing and Earn Some Money Online

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Medium members read the full post here.

Introduction

Hello, dear writing community! Sending warm greetings to all of you!

Along with my greetings, I have some exciting news for writers who might be interested in an incredible opportunity.

As many of you already know, being a freelance writer or a writer in general is no easy task, especially if you work online. Anyone who tells you otherwise is certainly misleading you. On the internet, you’ll easily find thousands of articles promising quick and easy money through online writing, claiming anyone can do it. But if you’ve ever tried, you know how far from the truth that is.

There are countless small obstacles you must overcome before earning even a single cent online. A true online writer knows this isn’t a get-rich-quick scheme but a long, arduous journey requiring daily effort and dedication.

The Reality of Earning Money Through Online Writing

Until recently, Medium was one of the few platforms where writers could earn something within their first day or week of writing. Unfortunately, recent changes implemented by the platform’s management have made that much harder.

But don’t worry — this isn’t another article lamenting a drop in Medium earnings or sharing frustrations about dwindling income. While I’ll admit my earnings have gone from hundreds of dollars to hundreds of cents, there’s still hope.

This isn’t the first time Medium’s management has introduced changes aimed at improving the platform and eliminating fraud. Historically, earnings have dipped temporarily, only to stabilize later. So why should this time be any different?

Introducing Tocsin Magazine: A New Platform for Writers

This article offers you the chance to earn money on a different platform where I also write. The platform is called Tocsin Magazine.

Magazine | Tocsin Magazine

What We're Looking For: - Creative Visionaries: You have fresh ideas and a unique perspective on topics that matter. …

www.tocsinmag.com

https://www.tocsinmag.com/members

Tocsin Magazine is a progressive and fascinating online platform run by wonderful people. It covers a variety of contemporary topics, such as racism, artificial intelligence, interpersonal relationships, cryptocurrencies, blockchain technology, and much more.

How You Can Earn Money with Tocsin Magazine

Today, you have the chance to earn money by writing articles for Tocsin Magazine. Additionally, you can earn a percentage from affiliate revenue if you’re interested.

As a beginner writer, you will be paid for every article you write, with the condition that you write at least 2 to 3 articles per week, each with a minimum of 500 words.

Regarding affiliate program earnings, participation is optional. If you choose to participate, we will provide the necessary links for you to include in your articles.

To summarize everything here is how you can start earning money:

Writing Articles:

• You’ll be paid per article as a beginner writer.
• You’ll need to write 2 to 3 articles per week.
• Each article must have a minimum of 500 words.

Affiliate Program:

• You can choose to participate in Tocsin’s affiliate program.
• If you opt in, the team will handle affiliate links for you. Your job will simply be to include these links in your articles.

Additional Perks of Writing for Tocsin Magazine

Beyond these earnings opportunities, Tocsin Magazine offers many other benefits and options. However, these will be revealed only after you accept the offer and become part of our writing team.

Why Join Tocsin Magazine?

We invite all writers who want to:

• Earn money as a freelance writer.
• Grow and improve as writers.
• Become part of a beautiful online writing community.

Join us and become a writer for Tocsin Magazine — the best community for online writers!

How to Apply

If you’re interested in this unique opportunity, please leave a comment below this article. Prepare a sample of your work and I’ll get in touch with you to discuss further details and explain the next steps. Don’t hesitate too long — opportunities like this are rare!

https://www.tocsinmag.com/members

If you want to support my work buy me a coffee for $1.

https://ko-fi.com/neo77

Greetings and until my next article!

Neo77

ChatGPT and Your Health: Should You Trust AI for Diagnosis?

Have You Asked ChatGPT About Your Health or Diagnosis? The Role of Artificial Intelligence in Healthcare: Benefits, Challenges, and Future Potential

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Non-Medium members read the full post here.

Introduction

Hello, my dear readers!

Another Monday has arrived, and as promised, we’re dedicating it to analyzing and writing about artificial intelligence (AI). Many of you, if not all, have likely tried asking AI something related to health at some point.

Perhaps you’ve searched for the ingredients of a medication, or symptoms of an illness, or maybe you’ve experienced something as unpleasant as explosive diarrhea and sought remedies, or even directly asked AI for a diagnosis based on your symptoms.

And, of course, what happened?

Some of you received super-cool, Dr. Oz-style answers, while others encountered complete nonsense — responses that, in the AI world, are referred to as “AI hallucinations.”

These types of responses make it seem like AI got into a fight with its electronic brain and spat out a bunch of gibberish and unrelated facts. Some answers might even sound like they came from an eccentric shaman after consuming wild mushrooms.

The quality of AI’s response depends heavily on the prompt provided, and even with a good prompt, things can sometimes go wrong.

AI in Healthcare: Potential and Current Applications

The use of AI in healthcare is relatively new and still in its early stages. Despite its flaws and errors, it’s safe to say that AI has advanced the healthcare system and transformed how diagnoses are made and treatments are administered.

Ongoing research is exploring AI’s application in various healthcare subfields, such as diagnostics, treatment protocol development, drug discovery, personalized medicine, and patient monitoring and care.

AI has also found significant use in radiology, particularly in triaging and interpreting X-ray images.

Challenges in Implementing AI in Healthcare

The biggest hurdles AI faces in healthcare include data privacy concerns and existing biases among decision-makers resistant to adopting AI. This has resulted in slow and inconsistent implementation.

This picture is the property of the author, and it is made with an AI program

Telemedicine and AI

One promising area for AI’s application is telemedicine. Here, patients are treated remotely with the help of chatbots, and AI monitors wearable devices to collect data and alert doctors who make treatment decisions.

In Japan, AI is expected to play a significant role in elderly care, potentially replacing nurses with AI robots. Panasonic has already developed a robotic bed that transforms into a wheelchair, and Sony’s robotic pets and similar devices are being used in therapy for loneliness and dementia.

AI’s Role in Sexual Health

Another potential area for AI application, and one with massive earning potential, is in the adult industry, with AI robots designed to provide sexual satisfaction. After all, a healthy sexual life is an essential aspect of overall health!

But you’ll hear more about this topic in my next article, so you’ll have to wait until next Monday.

You’ve probably already hoped that today we’d announce and review the latest model of the ST1000.11 sex robot, but that’s still going to have to wait.

Conclusion

As you’ve read, AI has slowly infiltrated every aspect of society, including healthcare. However, its implementation is far from perfect and requires significant further development. The potential applications in healthcare are vast, and the sky is truly the limit. Many prominent companies are already taking on the challenge of advancing AI for healthcare purposes.

If you have any questions or opinions on this topic, feel free to share them in the comments. If you completely disagree with me, don’t hesitate to write or critique this topic. Let’s keep the conversation going!

How AI is Shaping the Future of Work: Should You Be Concerned About Job Security?

Can AI Really Take Your Job? The Secrets and Truth About Automation and AI Stealing Your Employment

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https://cryptonftworlds.blogspot.com/2024/12/how-to-use-ai-on-medium-without-fear-of.html

https://cryptonftworlds.blogspot.com/2025/01/how-ai-is-shaping-future-of-work-should.html

If you want to support my work buy me a coffee for $1.

https://ko-fi.com/neo77

Greetings and until my next article!

Neo77