Are you still holding | Bitcointalksearch.org

2Pizza410000BTC

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Quote from: promise444c5 on March 28, 2024, 04:15:36 PM

Recently, we've experienced some dips in the bitcoin market and now Bitcoin is back is back to 71k (yeah probably at the time I was typing Grin

)and maybe more before I post it or while you're reading it

Are you still holding??
It's no news that halving is few weeks ahead.
Don't be motivated wrongly towards selling your holdings as you will eventually witness how your loss could have turned into profit or how you could have made more profit if you've hold but it might be too late then ...

Bitcoin I still hold and will hold onto my Bitcoin until the next bull market. I'm not just holding bitcoins, I'm also growing investments using the DCA method. Maybe many people in this bull market got too excited about the price rise some people got excited and sold their investments but I didn't get excited at all because I know the next bull season to beat will be more. Here I definitely set a safe wallet to hold my investment I keep the seed phrase of my wallet very safe because I know if the invested wallet is not safe it can be very harmful for me.

Belarge

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Quote from: kentrolla on March 30, 2024, 11:05:20 AM

It's wise to take profit at a regular interval instead of hodling forever as it's more profitable to play according to market trend. I usually try to make most of it during bullrun and it doesn't have to be at exact peak because it's difficult to evaluate the peak hence I usually try to get my capital out of it and then go for profits. Only long term investors can go on hodling for a longer period without taking profits but mid and low scale traders cannot go on without profit for longer period of time. I don't mean panic selling but selling during the profitable market conditions.

This is just the beginning, you will become vulnerable when the first loss is been triggered but never to give up but focusing on the project. We have whales where no body have to argue with because they're the ones that manipulate. The market conditions are not always friendly to those that digged out important information, which should be the core information that passed out. Why OP asking for those holding? My business and yours is exciting but different in most races.

God bless u

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Quote from: Essential10 on March 30, 2024, 05:52:01 AM

I am not selling my Bitcoin holdings in the current market, I plan to hold Bitcoin for the long term. However, when I invested in bitcoins I am very profitable according to the current market, where even after the recent bitcoin ATH, I had no urge to withdraw my bitcoins. Next month Bitcoin will be halved yet Bitcoin holds its value. It is difficult to analyze whether the price will increase before the Bitcoin halving but I look forward to the bull run after the halving, when the price of Bitcoin will exceed $100k.

That's a good strategy you are working on but I have a different opinion that I want to share with you. When BTC reached its highest ever why didn't you sell the coins and take out the profits? Even though you knew the market will dump down and you will again get a chance to invest in BTC.

It was more beneficial if you would have sold the coins at the highest peak. Then you should have waited for a dip or the halving when it occurs you can again invest into BTC and have some more healthy profits on your investments. What's your opinion about it?

7juju

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Quote from: kentrolla on March 30, 2024, 11:05:20 AM

It's wise to take profit at a regular interval instead of hodling forever as it's more profitable to play according to market trend. I usually try to make most of it during bullrun and it doesn't have to be at exact peak because it's difficult to evaluate the peak hence I usually try to get my capital out of it and then go for profits. Only long term investors can go on hodling for a longer period without taking profits but mid and low scale traders cannot go on without profit for longer period of time. I don't mean panic selling but selling during the profitable market conditions.

Many people believe that with this strategy, one might actually miss the potential of bitcoin or possibly run out of bitcoin and buy back at a higher price than they sold. Let's assume someone who sold when bitcoin was at $50 to $55k and hoping to buy back when it will fall back, but since then bitcoin hasn't fallen and it has kept trading above 60k. Don't you think people using this your strategy will end up buying bitcoin at a higher price than they sold? And if they buy at the current rate they are the ones losing. So instead of taking little profits by selling at every little price increase, why not just hodl for long term. Long term holders are always the winners. Don't you think so?

PX-Z

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Quote from: Porfirii on March 30, 2024, 07:49:07 AM

Oh! I didn't know this new model, but it looks quite good!! A bit expensive, as you said, but 199 USD is not that much if you compare it with what others devices costed, like the Ledger Blue (over 300 USD a few years ago which, btw, was discontinued last year Roll Eyes

).

It depends on the funds you have to hodl. For a beginner, electrum is the cheapest and easiest way to secure his satoshis, but as your holdings grow it makes sense to invest in greater security, although there are good enough cheaper alternatives other than Passport.

Tbh I don't like those HW with large screens like smartphones or just simply like a phone. I don't get why they want to have such larger device that cost a lot, when it works the same on just a piece of a USB flash drive like device. Yes, it has better user experience, but those really cost a lot imo even for a man with thousands of $$ investments will think twice to buy it, unless he wants to have a collection of HW.

Aanuoluwatofunmi

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In other to make it a more safer practice on your bitcoin holding, at least be able to afford the use of a none custodial wallet for your own good, it does not end only by holding, but we have to device a secure means to hold our asset whereby we can always have access and control over it no matter the circumstance, this can be achieved with a non custodial means of storage, many already have made some mistakes about this and we shouldn't follow on same pattern.

Lucius

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Quote from: promise444c5 on March 28, 2024, 04:15:36 PM

Are you still holding??
It's no news that halving is few weeks ahead.
Don't be motivated wrongly towards selling your holdings as you will eventually witness how your loss could have turned into profit or how you could have made more profit if you've hold but it might be too late then ...

Everyone probably has some exit point, but I stopped thinking that way a long time ago because I think it's much better to have Bitcoin than fiat. Of course, from time to time I will sell a small part of what I have in order to buy/pay for something, and I also regularly pay for various services using BTC as a currency because that's why it exists.

I honestly do not envy those for whom Bitcoin is just an ordinary investment, in the end they will never escape from at least trying to be somewhat financially independent.

Quote from: promise444c5 on March 28, 2024, 04:15:36 PM

To make our reply more fun[Not mandatory]
You could add a tag of Bitcoin price (current while posting) at the end of your reply

Something like this?

kentrolla

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It's wise to take profit at a regular interval instead of hodling forever as it's more profitable to play according to market trend. I usually try to make most of it during bullrun and it doesn't have to be at exact peak because it's difficult to evaluate the peak hence I usually try to get my capital out of it and then go for profits. Only long term investors can go on hodling for a longer period without taking profits but mid and low scale traders cannot go on without profit for longer period of time. I don't mean panic selling but selling during the profitable market conditions.

Charles-Tim

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Quote from: Porfirii on March 30, 2024, 07:49:07 AM

It depends on the funds you have to hodl. For a beginner, electrum is the cheapest and easiest way to secure his satoshis, but as your holdings grow it makes sense to invest in greater security, although there are good enough cheaper alternatives other than Passport.

Electrum on an airgapped device is also as safe as Passport hardware wallet and other hardware wallets or cold wallets, but as long as the airgapped device remain being airgapped. It is a cold wallet. It can be used for larger amount of coins. But another important thing is how you securely store your seed phrase. I prefer to use passphrase to extend the seed phrase to make the offline backup also safe.

sunsilk

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Quote from: Essential10 on March 30, 2024, 05:52:01 AM

I am not selling my Bitcoin holdings in the current market, I plan to hold Bitcoin for the long term. However, when I invested in bitcoins I am very profitable according to the current market, where even after the recent bitcoin ATH, I had no urge to withdraw my bitcoins. Next month Bitcoin will be halved yet Bitcoin holds its value.

Most of the folks that have bought years ago are in profit already right now. I doubt that there are still folks that have bought during the peak of 2021 and are still holding now. But if they do, they are either break even or a bit in profit.

Quote from: Essential10 on March 30, 2024, 05:52:01 AM

It is difficult to analyze whether the price will increase before the Bitcoin halving but I look forward to the bull run after the halving, when the price of Bitcoin will exceed $100k.

It is no brainer, don't worry once the halving is done then we're going to see the price increase and it's gotta be more. If it won't happen next year then as early as before this year ends, we'd see the ATH of it.

But I am holding on the pattern that it will happen next year.

Porfirii

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Quote from: PX-Z on March 28, 2024, 06:12:54 PM

Quote from: Charles-Tim on March 28, 2024, 04:27:50 PM

Bitcoin Core (full node wallet)
Passport (hardware wallet)
Trezor (hardware wallet)
Samourai (mobile wallet)

But for holding, it is better use cold wallet for high amount of coins. Cold wallets like Electrum wallet on airgapped device. Or go for hardware wallet like Passport.

This is also good to note that HW is like an investment as it holds price too, Passport will be the most expensive one to buy, while electrum is the easy-to-go wallet that can be used for just like any other HW in an airgapped environment if an old pc is available.
I'm using electrum in an non-airgapped device yet never experience any hacking of malicious attacks, it's just a matter of good practices while using the device.

Oh! I didn't know this new model, but it looks quite good!! A bit expensive, as you said, but 199 USD is not that much if you compare it with what others devices costed, like the Ledger Blue (over 300 USD a few years ago which, btw, was discontinued last year Roll Eyes

).

It depends on the funds you have to hodl. For a beginner, electrum is the cheapest and easiest way to secure his satoshis, but as your holdings grow it makes sense to invest in greater security, although there are good enough cheaper alternatives other than Passport.

ultrloa

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Quote from: God bless u on March 29, 2024, 10:59:20 AM

No in my opinion it's a better strategy to take out the principal amount you have invested along with the profit. This should have been done as soon as BTC reached its highest peak value because after then the chances for it to go for a high value is very difficult and it's not a good decision to hold on that much amount of profits on your investments.

If someone will hold on to even that I think he is at the heights of greediness and the point to note is that what will be the time then when you'll be satisfied by the profits? Never! With this type of mentality it'll be never enough.

This is also the best option to do especially if we want our capital to be more safe but this is not the perfect time to do it since maybe we can see some more pumps to come as halving days is nearly approaching. But if people can't handle the pressure since they always are always worried on their money they put on their wallet or exchange but still they want to hold maybe best for them is to take out their profit so that they might have funds for damage control if everything fall beyond our expectation and we are still fine since we already secure our profit and this could fill the losses we might get if the market starting to fall and no sign of recovery.

Also maybe we can't call it greediness if they really set their goals for long term since that is their target and we can't do anything with that since there are lots of people I see still holding and accumulating since they are not looking for short term investment but rather they look for more better profits in future.

Mrcool75

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I'm still holdings. I don't want to withdraw my crypto currency for now. I am waiting for the bull market. I have a target of my own. I will keep my crypto holding until target fillup. Whenever my target filup i will convert my crypto to real money.

Essential10

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I am not selling my Bitcoin holdings in the current market, I plan to hold Bitcoin for the long term. However, when I invested in bitcoins I am very profitable according to the current market, where even after the recent bitcoin ATH, I had no urge to withdraw my bitcoins. Next month Bitcoin will be halved yet Bitcoin holds its value. It is difficult to analyze whether the price will increase before the Bitcoin halving but I look forward to the bull run after the halving, when the price of Bitcoin will exceed $100k.

God bless u

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No in my opinion it's a better strategy to take out the principal amount you have invested along with the profit. This should have been done as soon as BTC reached its highest peak value because after then the chances for it to go for a high value is very difficult and it's not a good decision to hold on that much amount of profits on your investments.

If someone will hold on to even that I think he is at the heights of greediness and the point to note is that what will be the time then when you'll be satisfied by the profits? Never! With this type of mentality it'll be never enough.

Patrol69

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Investors who have higher expectations like me are probably still holding their investments. There's nothing wrong with having high expectations, yes it's certainly true that Bitcoin's price is breaking all records in history and standing at new records, so those of us who invested in it have reaped substantial profits right now. Although we have enough profit at the moment, there is definitely a big difference between the current market and the 100k dollar market and we want to sell bitcoins when the price of bitcoin touches 100k dollars. Many people's target may be different but my target is bitcoin to touch 100k dollars and I will sell the amount of investment I have at that time.
I know bitcoin price will not reach 100k dollar so easily but I will be patient enough and wait for that time.

Tmoonz

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Quote from: promise444c5 on March 28, 2024, 04:15:36 PM

Recently, we've experienced some dips in the bitcoin market and now Bitcoin is back is back to 71k (yeah probably at the time I was typing Grin

)and maybe more before I post it or while you're reading it

Are you still holding??
It's no news that halving is few weeks ahead.
Don't be motivated wrongly towards selling your holdings as you will eventually witness how your loss could have turned into profit or how you could have made more profit if you've hold but it might be too late then ...

You're probably wondering why this board??
Well, let's just say I'm still on the point of enlightening holders on how secure their holding could be on a privacy wallet ,

You aren't a crypto business type , you are a holder, why are you still holding that Btc coin on a custodial wallet Tongue

, holding without properly secured . why not get a noncustodial to make your holdings much more safer. Although using a noncustodial can still make you prone to various kinds of attacks if you are not well informed about how it works, not saying noncustodial is the best but the fact that you and only you has the right access make it superior.
Besides, we use the term Open Sourced (which means codes are available to public) to judge a more trusted noncustodial wallet .

Worried about how you could learn how it works, don't worry I got you covered.
https://www.coindesk.com/learn/custodial-wallets-vs-non-custodial-crypto-wallets/

List of open sourced non custodial wallets you can download to hold:

Quote from: Charles-Tim on March 28, 2024, 04:27:50 PM

Other example of noncustodial wallet that are open sources are:

Bitcoin Core
Fully Noded
Electrum
Bluewallet
Trezor Suite
Blockstream Green
Samourai
Sparrow wallet
Specter wallet
Nunchuk (Disadvantage: Supporting email account registration and encrypted cloud backup). Best to backup seed phrase offline.
Wasabi
Coinb.in (not recommend for beginners). Read this and this.

Note: No close source wallet mentioned, if there is any, let me know so I can edit and correct it. No custodial wallet mentioned, because of obvious reason of not your key not your coin.

For holding, it is better use cold wallet for high amount of coins. Cold wallets like Electrum wallet on airgapped device. Or go for hardware wallet like Passport.

[Merged and edited two quotes from the same user ]

........ more will be added as suggested by replies

#Transaction issues that may occur frum using non custodialwallets

https://bitcointalksearch.org/topic/all-about-stuck-transactions-and-what-you-can-do-to-fix-them-1802212
https://bitcointalksearch.org/topic/m.61326135

To make our reply more fun[Not mandatory]
You could add a tag of Bitcoin price (current while posting) at the end of your reply

Format:

- BTC ~ current price

Am still very fresh in the environment and the only thing I should be thinking is accumulating more as much as possible it is only those that are far gone in their accumulation that should considering whether to continue holding or not or probably sell parts, holding is what gat me now.

Current btc price

70,432

Peanutswar

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By the previous experience in the last halving, I was broke because i didnt manage the risk at all, but now we are waiting for the halving i tried to accumulate as possible and tried to make a designated amount or target to sell my asset, I don't need to get carried with the news, and dips of the market because I know this is just a correction only, every time the market goes down, i assure to my self that I will make a buy not only in BTC but other coins. Diamond hands will be the winner in this holding. On the other hand not always in the top so manage your risk, TP as you can or get regrets.

Zaguru12

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Quote from: PX-Z on March 28, 2024, 06:12:54 PM

This is also good to note that HW is like an investment as it holds price too, Passport will be the most expensive one to buy, while electrum is the easy-to-go wallet that can be used for just like any other HW in an airgapped environment if an old pc is available.
I'm using electrum in an non-airgapped device yet never experience any hacking of malicious attacks, it's just a matter of good practices while using the device.

Mostly when the advice of using cold storage is given most at times it is given to those who have large amounts of funds to store mostly a four plus figure amount in $ (1,000 plus) and looking at this amount no hardware wallet actually is expensive. Passport is somewhat like around $200 and that’s like 1/5th of $1000 coins it will hold. So it is still worth to go for.

Just like you I prefer the airgapped device storage due to getting hands on passport without exposing one’s privacy. But it is mostly not advice to newbies because most will just mess up the set up process

tabas

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I am still holding and my Bitcoins are kept on a HW but I will change it soon once things in real life have gotten less busy. Currently, I am using a lot from the list and they're good. Samourai, Blockstream green, electrum and I've used sometime ago Bluewallet. And while I am keeping and holding, I've got my target price and everyone has got their target prices as well. We have to hold but this is a good reminder when someone isn't yet transferring his Bitcoins from custodial wallets like in the exchanges because when they want to send or sell those bitcoins, the exchange could just take a maintenance and all plans of theirs will become delayed. That's one reason why you shouldn't keep it there and at the same time it's not recommended at all and we're all being taught and reminded to use wallets that we're holding our private keys.

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