Topic: Are you still holding your coins #btc - page 9. (Read 2007 times)

DCA is the only strategy which has proven to give good profits in the long run especially in crypto.
Since the volatility is high in crypto the DCA gives us a good buying price which increases our profits during a bull run.
Yes, I have been holding on to my coins and yes I have been doing DCA. The only selling range is near ATH.
If you missed selling near ATH then it doesn't make any sense to sell. So buying more is the best thing to do.

If you are referring to the current up surge and it’s relation to the selling out the coins then I think it’s too quick to ask that. I think this is just start of the upward movement and bulls are yet to be waken up by this year. We might be able to sell and profit from the bill by year end or May be by next halving itself. Many of us has bought the bitcoin at very high prices. There are strong hodling addresses on explorer which can be seen buying bitcoin during 52k prices and still they have those bitcoins. All of them waiting for that price to be crossed to profit.

Yes, 2022 was a year filled with roller coaster of emotions for many bitcoiners. It got to every one. Even people who had their coins in cold storage felt the heat. As a matter of fact, it was in 2022 I finally moved most of my coins to a custodial wallet after numerous calls on the forum. I am glad I did. 2023 is already looking great for bitcoin. I do have a positive out considering that the price is increasing steadily. Keeping Hodling folks.

^If you are an early investor, probably you are still holding it right now because it is not ideal of harvesting your profit but each of us has a different reason why spending our BTC away, just like mine, I did not invest because I earned this true freelancing, so I spend but I also have spare that wanted to save for a long term holding. However, you are definitely right, never save or store your BTC in any custodial exchange or wallet, because they are not capable to trust our coins. The same as what happened in coldkey storage wallet, it scammed many users here in the forum in the collectible section. We should be vigilant always as much as possible.

That's not really a question of "are you stil not sure" to people because they were not sure at all in the long run to begin with. I mean I have bought bitcoin in all prices, bought at low bought at high bought at any price I could.

That's the type of trust you should have on crypto and that would be better, doesn't mean that we would be making a big difference anytime soon, it's clear that we are not going to have anything that serious at all, but we need to make sure that we trust it even on bad times so that we could make profit from it. That's what I believe and that's what we are going to have in the long run if we want to make a profit out of this at any time.

Personally I run my each trading on different strategy. As such, I've been holding some other coins along with Bitcoin in a few strategies for a long time now.
And that includes some of my wrong trades like I invested in mid-November 2021 when the bitcoin price was in the 63k range and now I am bearing the brunt of those trades due to no more pumping.
But I'm still optimistic that all other top-level altcoins, including Bitcoin, will start to recover in the first Q or second Q of 2024.

Still holding my Bitcoin and I don't think I will be selling till 2025, I have enough money in the bank to survive for that long even if I stop working right now and I also have a business that's booming very well, I will keep buying the dips if the opportunity rise.

In 2019 I could remember that crypto market recovered a little just like now and we all thought the worst was over until 2020 when CoviD strikes very hard and we saw new all time low.

You won't miss out unless you aren't fully prepared for whatever tomorrow might throw in your face, hold BTC and hold some stable coins, we might haven't seen the last dip yet.

I like your plan very ambitious indeed, need to incorporate this in my plans as well. In my case I am earnings BTC hence why not hold, it should go back from were its coming eventually. For other's it will take guts with all these volatility and and constant fud, its a wild ride buckle up

I had saved some bitcoins but sold it a few days ago for an emergency job of mine.  But in 2 days Bitcoin price pumped up a lot and crossed $21 today.  I was unlucky that I wasn't able to sell my bitcoins at a higher price.  But in this case I did not lose because I bought at 16K and sold at 17K.  I promised I wouldn't sell them below 40k.  But unfortunately I could not hold them. Anyway I'm trying to save bitcoin again now

OP, despite all the ill events of 2022, Luna, FXT, Ukraine and Russians war, at least Bitcoin gave some investors the opportunity to accumulate more BTC. Last year may have been a bad year for Bitcoin, but I believe some people could testify that they were able to accumulate more Bitcoin than they could in 2021 and 2020 (like myself).

it may have been bad for some investors too like you said but there is also a saying in the Bitcoin space that goes like this, "if you don't sell low, then you have not loss anything".

You may not have really missed anything; you are just on time, because there is still a lot of potential in Bitcoin. It has a limited supply, with only a few left to be mined. 

I am strongly holding my bitcoin and probably until another all-time high. Those who will sell at $20k or $21k are perhaps those that bought at the bottom last year in December or people that have needs for the cash.




@Maus0728 Your decision is good, but preferably if you had planned on holding your bitcoin for a long time, there is a better option to spending your Bitcoin. Since you said you have a part-time job and freelancing job that pays, you also had the better option of taking a fiat loan and using your bitcoin for collateral; then you settle your loan as you receive payment from the job you do. Just MO.

Selling because you urgently need money for emergency or important use is fine. What isn't is when we sell to buy stuffs that we don't really needed like a new model of phone, when you still have our old phone and it still functions very well.

But, at what price point did you bought your coins last time? If you buy it below your selling price of $28k then you are still in a profit and not in loss. It seems that everything is fine now at your side, because you are back at investing again. That's nice to know. Now that the price of BTC is starting to rise again. We shouldn't get carried away. There is more to come so Hodl on if you want to earn massively.

Are you still waiting and not buying anything? Are you not even afraid that the price has grown from 16k to 21k in a few days? When the bull market comes, things can happen very quickly, so quickly that in the end, those who were not in a hurry to buy may have to buy at a very high price and not get much benefit from what they sold earlier. The best strategy is still DCA because no one knows where the bottom is.

Many people around me quit crypto for many reasons especially since they lose a lot. But I chose to keep holding until now and it looks like for the next few years until I get the profit I expect. Hopefully, 2023 is the year for the bull run.

My goal is to sell bitcoins for $100k so I haven't sold any of my bitcoins yet. 2022 is a difficult year economically due to inflation, war but I still work hard and use part of my salary to buy bitcoin. So even though the prices are turning positive, I still won't sell them, I continue to wait for the real bull season and bitcoin to hit my target.

2022 was one of the hardest years ever for the people who hold bitcoin and other similar assets and mostly because of the bear market people sold all their bitcoin and other cryptocurrencies however this could be a wise move to sell bitcoin before the bearish market and then buyback to get profits but still the most important thing about bitcoin is you can still take profits if you hold for long term and wait for the new all-time high. I personally sold all I got during this time and still waiting for a time to buy back.

I have sold some stash because of some emergency case back and it was dealing at around $28k at that time and my savings were also consumed so needed to take out some extra money out of it but holding the rest out of it tightly.The funds can be used at such times when we are in need of them but still I have invested little bit what I can afford after that so as to make it balanced again and keep doing so while keeping long term in my mind.

If you sell bitcoin for personal use in life there is nothing wrong even in this bear season, or you bought bitcoins years ago when bitcoins were only a few thousand dollars, you can sell now because they have turned a profit for you. But if we can hold until bitcoin reaches 100k it will be great because profit will be bigger.

I guess most people here are still holding, because they are long term investors and adopters who are into bitcoin investment since the early years. Weak hands are usually people who don't have much experience with bitcoin and aren't interacting with the community daily, so they don't receive the advices of experienced enthusiasts who would surely tell them to keep holding, despite the poor market conditions, explaining them it has already happened before during another years and that at some point bitcoin will get strong again. Weak hands are mostly at social medias, following crypto gurus who don't even suggest bitcoin investment anymore, claiming they have found an altcoin which is going to return 1000x profit to investors.

The only option is to hold on to bitcoins tightly and not sell them even if the price drops again and we can buy them back at a lower price than before.
If the bitcoin price is on the decline, preferably not trading by buying and selling as the profits may be small and only held until the price rises again can give you a big profit.
I'm still holding all my bitcoins but I'm also buying bitcoins again at yesterday's low because the bitcoin price will go up very high again.
But if someone decides to trade bitcoins or altcoins, it's up to them because it's their money and their decision.

Never sold, and will buy even more. The only few times when I sold were not because of any dip or bear market, it was always about the fact that I had needs to sell for life emergency stuff regarding health, but aside from that for economical reasons or theoretical reasons, I am against selling bitcoin. Just because it is down right now doesn't mean that it will stay down, it will go up and it will do a lot better.

People should realize that bear markets are the times you buy, not the times you sell. Which is a difficult situation to be in, but that's fine, because we are talking about something that is rarely any issue at any point, it's a good situation to be in.