Topic: are you still strong holding btc - page 2. (Read 1143 times)

For now, the bitcoin assets that I am targeting to face the halving and bull run market next year will still be held by me and I will definitely not sell them. Because I will continue to commit to the target price that I want, which is above $ 60k. Then when the bitcoin price can reach or pass that price, then I will sell it. So basically I will definitely keep holding my bitcoin assets for next year, or rather for a target price of $ 60k.

The price of btc next year will definitely experience a price increase, because next year there will be a halving cycle, which usually occurs once every four years for bitcoin. But sometimes, after the halving occurs, usually the price won't increase drastically right away, but you have to wait first. It could even be, the high price increase that will occur in bitcoin will peak early in 2025.

For 2024 and even for 2025, the price of bitcoin will most likely be high and not the right way to buy bitcoins, but those years are good years to sell bitcoin assets. So your guess is probably right, in the next year, the price of bitcoin will not be as low as it is now.
But if you want to buy bitcoin again, you will have to wait for the upcoming bull run to die down first. Because usually after the halving and bull market are finished, the bitcoin price will decrease again, and that's where you can start buying again.

I'm still holding until the next bull run and I don't plan selling my coins before that, otherwise there are serious risks I won't be able to purchase more BTC for a cheaper price again, because the price can skyrocket at any moment as soon as I sell my coins. Then it would be a disaster leading me to waste the profit opportunity the bull run brings to us. I believe we just have to be a little more patient until next year to see Bitcoin's price increasing solidly.

By there keep your coins safely stored in your wallets and don't think too much about your savings, otherwise you may feel anxious and tempted to sell it before the right time.

Even after the post-coronavirus price drop, the price may skyrocket. Bitcoin has the potential to reach that level, one of the reasons for this is the banking-sector crisis. The banking-sector crisis may attract investors to Bitcoin. Producers may also be encouraged to increase stockpiles for global supply. We now think this estimate is too conservative, and therefore we see a target increase for Bitcoin in 2024.

That's a good approach to bitcoin, buying with the DCA method helps a lot in accumulating a crypto portfolio over a longer period of time. Like you I have started to buy bitcoin regularly since the drop from it's ATH. I don't feel bad about buy above the 30k USD, because I also bought below 20k. My average purchase price is around 24k, which puts me in the green compared to today's price. But I am not thinking about selling any coins as I am going to keep buying instead. 100k USD seems like a good goal before I would even consider selling some coins. And even then I would only take profit in a small fraction and keep holding most of my coins.

until now I still hold bitcoin until the bull season comes, my main reason is that my intention to invest is based on the money I use to invest is cold money, so from the start I want to save my money from inflation that occurs, so until whenever it is I'll wait until my money doubles, we can't talk in 2024 there is a certainty of a bullrun, it can happen sooner or later, therefore patience will lead us to a golden age, because I believe bitcoin adoption will continue to grow

You're right OP and I am also in the same situation as you. Unless we are so confident in our analysis then we can sell out bitcoins and then hope that we can buy again at a cheaper price. What I did instead is just continue to add every month. The goal is not just 2024 but 2025 or even more if in case I don't need to cashout during that period. So even the current price right now is still cheap compared to the potential price of bitcoin after the halving year where ATHs are broken according to its previous price movements.

Since you were able to buy bitcoins at a good time, selling your bitcoins right now is not a good idea. I don't know how much you need, but if there is another way to meet your needs without selling bitcoins, I would definitely suggest you to hold on to bitcoins for a while longer. There is a possibility that the market will be in a better position towards the end of this year or early 2024 so if you want to hold your investment for a little longer there will be some chance of making a profit from your purchased bitcoins. If you sell your bitcoins right now, you will regret selling bitcoins at this time when the price of bitcoins will increase in a few days.

I think bitcoin is a very strong currency long term it will increase in value but it will take some time. It would be foolish to sell because if you sell today you will be disappointed if the price goes up tomorrow, so wait and panic no matter which way the market goes. Before investing capital, investors must know and understand the financial instrument they are investing in. This is even more so in the case of a highly speculative asset like bitcoin. Even well established digital currencies like bitcoin and ethereum are particularly subject to price fluctuations, although they have a better track record of increasing in value over time than their less established counterparts.

Sorry to hear that. Don't feel bad for selling it, your survival and needs are most important. Damn, the whole reason for investing is to be prepared for the things like that. When the time will come perhaps you'll buy even more.

It is still better to sell it off because of your needs than to starve yourself and your family by holding bitcoin. It is always your needs your priority, no matter if you've got nothing right now, because that is really the purpose of Bitcoin, to meet our needs. Just buy it back when you have extra money, but right now, prioritize yourself and your family until you're stable.

not too strong for me because there are many needs that I have to fulfill, little by little I have released my btc and now the remaining btc that I bought when btc was priced at 40k $ and above yesterday, and I will survive for 2024 with the remaining btc that I have however if I could afford it I would repurchase periodically

You're not alone! I'm also in the HODL gang. It can be tempting to sell when you see some profits, but it's important to think about the bigger picture. Bitcoin has shown tremendous growth over the years, and I believe it still has a lot of room to grow. So, I'm holding on and patiently waiting for the future!

Means you really will make your bitcoin investment for the long term regardless of time. You will keep it as long as possible as long as you are not forced to use it. And I think that's a pretty good thing as long as you're really only using cold funds. I also hope to hold onto bitcoins as long as I can. But when Bitcoin reaches ATH maybe I will start selling and will start accumulating again when the bear market comes back. But I'll probably keep half of it and try not to touch it for a long time that I won't specify.

I was holding bitcoin since long time ago. Based on my experience and analisys, we are in a good time now. btc price is pretty stable and not so unpredictable, also we are close to halving time then for me there is no reason to not holding bitcoin. even I hope i can accumulate more bitcoin in +- 200 days from now, I was put all my investment fund in cryptocurrency and most of it is in form of btc. what can I do for now is waiting to get my salary so I can use some of it to buy more btc.

I believe that the price of Bitcoin will rise several times more, so I still keep coins in my ownr wallet. There is no point in selling Bitcoin now.

Bitcoin is best coin in the cryptocurrency market. In 2021 Bitcoin price hit $69k. And from that bitcoin price come back $15k. And now Bitcoin price is $28k. But i am Buying bitcoin when bitcoin price was $40k and i did DCA. Now my total buying price near about $26k. Now i am still profited. I want to hold it till $100k. Regularly i am buying Bitcoin. If anyone invest on bitcoin now it will be very profitable for hin need only holding. I want to established myself from bitcoin. So now i am still holding Bitcoin.

Everyone should have their own plan of action and move according to their capabilities, the most important thing is to be consistent. Everything that is done with some kind of tension cannot last for a long time, and everything that we do in a measured mode can become a marathon that everyone can go through.

It is possible for some time to strive for aggressive investment, as in the period when bitcoin was worth less than 20k, but at the same time I had an understanding that this was a temporary opportunity that I needed to use. And besides that, we must remember that when the bull market comes, we will get a good profit for our efforts, so everything is in our hands.

I'm not sure I understood. You are using exchanges to buy Bitcoin, right? Well, my only advice is that you take that Bitcoin out of the exchange regularly. Don't accumulate too much in any exchange. Also, if you learn how to do it on your own, is a learning curve that pays out in the future. And it's always grateful to know more and more about Bitcoin and all the system around it!

And if you're spending $20 to $30 daily, that's very very good amount at the end of the month. I cannot buy that much. But it doesn't matter. Each one of us buy what we can buy! That's all we need!

Since Bitcoin still in downtrend its very good ideas keep accumulate as how much bitcoin you can, I have adopted this your ideas when spending few percent of my salary and invested in Bitcoin regarding price still drop based on ALL TIME HIGH of Bitcoin price. Its not matter where are the place for saving Bitcoin fund but you look as long term investment and worth when holding in non-custodial wallets, but my Bitcoin accumulate in daily day too small and I used exchange market to make easy when transaction or purchasing fund to buy Bitcoin, but we have the same target holding as long possible and selling Bitcoin with another all time high at the future.
I have target in next few months later my salary grow up and get higher chance for accumulated bitcoin with bigger fund, right now spent about 20$ to $30 in daily day for accumulating bitcoin as my investment assets for the future.

You're right. That's why I include long term investing in bitcoin only for the long term. So I don't have to worry too much about graphics. Looking at charts and chart lines on the market is only useful for those who are day traders who must always be able to get small pieces (small profits) from market movements. That's why I do DCA because I only buy and buy when there is a downturn. And of course using only cold money. I usually only use leftover money or bonus money from work.
You It is true that we should avoid investing in compulsive ways of thinking. Because investing must be careful and full of calculations before entering and getting involved and it is not good to invest that involves too many excessive emotions.