I've been holding for almost 9 years and it's been a hell of a ride, that's for sure. No regrets whatsoever on my part.
Am I tired? Not at all. I'll tell you how I look at the price and maybe it will help you staying on the right path.
I see the price as someone's offer for my bitcoin. Let's say they offer me 25k, I don't care. I won't sell for so little, so I don't take the offer, it's plain and simple. I'm going to wait for a better offer.
In 2021 they were offering me over 60k for my bitcoins and I took that offer and sold some of my coins, but it was less than 10% of what I had at that time. If they were to give me 100k, I'd probably sell another 10% as this wold be a satisfying offer. As long as that doesn't happen, I'm going to keep holding.
Topic: Are you tired of waiting for the jump? Pls Hodl - page 3. (Read 648 times)
Nothing's new if you're here for years, in this industry. If you know the possible reasons of the market price decline then you shouldn't be worried of things. Best thing is to wait for the bottom and accumulate more to be held until the next bullrun. Nothing would come in an instant. What happened recently with large exchangers of this industry, probably created FUD and FOMO towards investors simply because things were associated with alike occurrnce last year. Also with the CME gap around $20k, therefore it is normal. I'd rather just sleep on this one and avoid checking the market often to avoid stressing myself out. The market prices would either go up or down, and that should be it.
Yes, the market has always been highly volatile from the start so you can’t expect for the price to keep surging high or to observed mostly price decline especially for bitcoin since it’s full of price fluctuations that will test your patience and persistency in your investment. But always be reminded that selling at a low and unstable price will only end up as a loss, that’s the reason why it’s best to do DCA during this correction phase and hold your coins as much as you can and just decide to sell when the price is already bullish. That way, your efforts will certainly paid off in time and will make you highly profitable in the end. Apart from getting a word of encouragement from anyone I consider the people that see the bearish of the Bitcoin market as the end of the good days to come and I even consider them to be people that shouldn't be in the market in the first place because a basic understanding about the BTC market historical data is even to know that the bearish is just an opportunity. Besides, I am one of the few BTC investors that always happy when it's bearish because it always presents a chance that may not happen again in the future.
Patience got us this far, and I'm not about to give up now that it's evident that bitcoin will rise. The Bitcoin bear season has not yet ended, and it is unlikely to end any time soon. However, the bear market provides solid effective entries on bitcoin charts, because the price falls and investors have more time to stock their portfolio with bitcoin. I'm not going to give up, there's hope; I'm taking my time to purchase bitcoin equivalent to my money. When bitcoin spikes, it's always a good time to watch our portfolio grow into a massive one with tremendous returns. hero member
Activity: 2660
Merit: 651
Want top-notch marketing for your project, Hire me
Apart from getting a word of encouragement from anyone I consider the people that see the bearish of the Bitcoin market as the end of the good days to come and I even consider them to be people that shouldn't be in the market in the first place because a basic understanding about the BTC market historical data is even to know that the bearish is just an opportunity. Besides, I am one of the few BTC investors that always happy when it's bearish because it always presents a chance that may not happen again in the future.
I am not tire of the hodling. I believe that one day I will see the bull and smile at it. If there is money, the dip is the best time to accumulate more bitcoin to the wallet. In fact fill it with thousands plus millions of bitcoins inside in the bearish and hodle it for the bull. So these who are really ready for the investment are always think different from the flashers. The flashers just came to the investment platform wait for like few months and they are tired of waiting so the sell all and buy again. If there is an emergency you can just withdraw a unit and hodle the rest but some people because of greedy will withdraw all and still blame themselves when finally the bull market comes up again.
So patience is the key here, or just continue to stack sats, just look for the long term perspective. For sure those who have seen the previous bear/bull cycle knows what to do and has a lot of mental toughness.
Man, I can even recall back in 2018 just like how you described it when Bitcoin just really dropped down to around 3-4k that time. Panic selling were almost selling since they thought it was the last time that they would even be able to buy Bitcoin. I gotta be honest that I kinda panicked almost at that time.
Huge drops these days aren't really that much for me now and knowing that I want to hold in the long-term and I even fell asleep in the news already lately, I would be fine. There are just people these days that are really into quick rich schemes. They need another Musk pump lol.
This is not the first time bitcoin is experiencing price drop, it only needs few time; months or years to correct and hit another ATH. Few years back many investors took the loss and cashed out their money, believing that bitcoin settled for lesser price. Don't be in such a hurry to move out your investment; bitcoin is falling in price so that it can rise up again. Below is a tweet of a bitcoin investor 12 years ago, that should encourage people to hodl and hope for the best in the market. I know some will never sell, when it hits a high price, but for profits purposes there's no gain in withdrawing an investment now that the price is below or slightly above the amount you bought in the market. Unless you depend on the funds for survival or for other important dispute, keep holding on. Tom only had to wait for 6 years to meet the 2017 pump; a long time indeed! Isn't the wait worth it?
Photo @Rizzo
Photo @Rizzo
I don't encourage you to sell at a loss, Imagine buying at 10 dollars and selling at 3 dollars I think that will be better, no pain no gain waiting till the price goes back to its normal price, and have profited I think that will be better. For some time now, bitcoin has been experiencing a serious price drop that has affected a lot of people, especially those who have invested heavily in Bitcoin. Holding and waiting is not as easy as it has been said, imagine your money dropping. and for some like me, I don't think I will be selling.
With bitcoin we should have the patience and the mind to read the market well. Getting into panic never gonna help you with the betterment of holding bitcoin. We should understand that the market never varies according to our expectation. It is the market that runs independent, and we need to have our prediction and act depending on the variation taking place in the market.
Most people prefer long term holding, however if there arises a big jump in the market that needs to be used rather than waiting for the long term. This way you will be able to book the profit and buy back again as the market drops.
Most people prefer long term holding, however if there arises a big jump in the market that needs to be used rather than waiting for the long term. This way you will be able to book the profit and buy back again as the market drops.
From the years that I've been into this market, that's what I've learned and that's to take profit when it's on high. It's not gonna hurt my ego to have to see my lessened portfolio because that's how it should go, to enjoy my profits earned from my investments on this market.
Other than that, holding is truly one of the best strategies that I've ever learned. These scenarios of plummets and crashes, it taught me a lot of things especially in forcing me to be patient when I'm thinking of dumping as much as I can.
True. Patience will always be tested in this crypto market especially if your emotions are starting to contradict your decision. But if you are doing the right thing always, that is to hold more when you see price correction in the market, then you will have all the chances to be successful in your investment in the end. Just follow the basic of buying low and selling high, that will always take you an edge over the market.Other than that, holding is truly one of the best strategies that I've ever learned. These scenarios of plummets and crashes, it taught me a lot of things especially in forcing me to be patient when I'm thinking of dumping as much as I can.
From the years that I've been into this market, that's what I've learned and that's to take profit when it's on high. It's not gonna hurt my ego to have to see my lessened portfolio because that's how it should go, to enjoy my profits earned from my investments on this market.
Other than that, holding is truly one of the best strategies that I've ever learned. These scenarios of plummets and crashes, it taught me a lot of things especially in forcing me to be patient when I'm thinking of dumping as much as I can.
Hodling is the most effective way to make you profitable with less risk and less efforts. That is why if we can hold more especially in this current market condition, then it will always be the best decision than to sell your coins at a low price as that will only make you regret your decision in the end. Also, know that patience is very important to make you successful and profitable in this type of investment so learn to be more patient than to resort into selling your coins and consider yourself a big loser.Other than that, holding is truly one of the best strategies that I've ever learned. These scenarios of plummets and crashes, it taught me a lot of things especially in forcing me to be patient when I'm thinking of dumping as much as I can.
That's why those that have a lot of exposure on this market and saw the ups and downs of the entire market are likely the most patient people.
I couldn't assure myself how long I could wait but there is one thing I was sure of, and that is to sell when I gain a profit. Because for me, waiting for too long is not good, and why we should have to wait for $100k when we already have the chance to sell them at $70k (as an example), and we are not wasting time and missed the opportunity? Holding is necessary but not all the time we should have to wait for the price that was even hard to reach. We also have to be smart as investment is not all about holding but also selling with a profit.
Everyone has their own targets of when we should sell. I agree to what you've said that if you can make profit on $70k then you don't have to wait any longer for $100k if you're not going to wait for it. While for the others, they'll take any potential opportunity that they see like selling on $70k and then buys back and then will wait again for further increases like if it will reach to $100k. For me, I'm not tired of holding and this is like the market that I like and willing to wait since my patience has already been ticked in by a few bear markets that we've experienced. But you do your own strategy and what makes you profitable and content for every sale or trade that you do. 
It's quite astonishing how history repeats itself. These are the exact words of people and I remember when it used to be my exact words. This kind of posts is inevitable when you refuse to invest with budgeting. If you enter the market with all your money, including the one meant for emergency, you will sure see bitcoin from the angle of the infographics in Op.
In order to be at ease with your and not to sell under loss, use money you can abandon for a long time and be patient for years.
Source
Well, no wonder the ATH of that time bull run might be in the time span of 2017 but he must be aware of Halving at that time and he still sold them out, as in the graph after two years in 2013, price went from 14$ to more than 1000$ dollars in the last quarter of that year.so if he would have many BTC then he must be in great profit at that time too.
He must have been aware of halving and investors were waiting for halving just as we are waiting now and Bitcoin seem to continue in side movement for so long time. This is pure history repeating itself.
In order to be at ease with your and not to sell under loss, use money you can abandon for a long time and be patient for years.
Source
Well, no wonder the ATH of that time bull run might be in the time span of 2017 but he must be aware of Halving at that time and he still sold them out, as in the graph after two years in 2013, price went from 14$ to more than 1000$ dollars in the last quarter of that year.so if he would have many BTC then he must be in great profit at that time too.
I couldn't assure myself how long I could wait but there is one thing I was sure of, and that is to sell when I gain a profit. Because for me, waiting for too long is not good, and why we should have to wait for $100k when we already have the chance to sell them at $70k (as an example), and we are not wasting time and missed the opportunity? Holding is necessary but not all the time we should have to wait for the price that was even hard to reach. We also have to be smart as investment is not all about holding but also selling with a profit.
This is not the first time bitcoin is experiencing price drop, it only needs few time; months or years to correct and hit another ATH. Few years back many investors took the loss and cashed out their money, believing that bitcoin settled for lesser price. Don't be in such a hurry to move out your investment; bitcoin is falling in price so that it can rise up again
I don't know on what basis you said that, because AFAIK it's not a factor on the list of technical analysis strategies. One of my friend also used to say that, but his theory was like after every bull run there comes bearish run and then btc will halve after next 4 years and then again the cycle of bull run first and bearish run 2nd will start and this will keep happening after every 4 years. Well, atleast he was using the factor of halving not just mentioning this.m Below is a tweet of a bitcoin investor 12 years ago...... Tom only had to wait for 6 years to meet the 2017 pump; a long time indeed! Isn't the wait worth it?
Well, no wonder the ATH of that time bull run might be in the time span of 2017 but he must be aware of Halving at that time and he still sold them out, as in the graph after two years in 2013, price went from 14$ to more than 1000$ dollars in the last quarter of that year.so if he would have many BTC then he must be in great profit at that time too. From the years that I've been into this market, that's what I've learned and that's to take profit when it's on high. It's not gonna hurt my ego to have to see my lessened portfolio because that's how it should go, to enjoy my profits earned from my investments on this market.
Other than that, holding is truly one of the best strategies that I've ever learned. These scenarios of plummets and crashes, it taught me a lot of things especially in forcing me to be patient when I'm thinking of dumping as much as I can.
Hodling is the most effective way to make you profitable with less risk and less efforts. That is why if we can hold more especially in this current market condition, then it will always be the best decision than to sell your coins at a low price as that will only make you regret your decision in the end. Also, know that patience is very important to make you successful and profitable in this type of investment so learn to be more patient than to resort into selling your coins and consider yourself a big loser.Other than that, holding is truly one of the best strategies that I've ever learned. These scenarios of plummets and crashes, it taught me a lot of things especially in forcing me to be patient when I'm thinking of dumping as much as I can.
Holding for the long term can indeed be an effective strategy to potentially increase profitability and reduce risk. By staying invested during market downturns, you avoid selling at low prices and potentially missing out on future gains. As they say, patience is a virtue in the world of investments, and learning to be patient can certainly contribute to your success and profitability.
Probably I will call you dumb if you are selling your coin under the price where you purchased it.
From the years that I've been into this market, that's what I've learned and that's to take profit when it's on high. It's not gonna hurt my ego to have to see my lessened portfolio because that's how it should go, to enjoy my profits earned from my investments on this market.
Other than that, holding is truly one of the best strategies that I've ever learned. These scenarios of plummets and crashes, it taught me a lot of things especially in forcing me to be patient when I'm thinking of dumping as much as I can.
Hodling is the most effective way to make you profitable with less risk and less efforts. That is why if we can hold more especially in this current market condition, then it will always be the best decision than to sell your coins at a low price as that will only make you regret your decision in the end. Also, know that patience is very important to make you successful and profitable in this type of investment so learn to be more patient than to resort into selling your coins and consider yourself a big loser. Other than that, holding is truly one of the best strategies that I've ever learned. These scenarios of plummets and crashes, it taught me a lot of things especially in forcing me to be patient when I'm thinking of dumping as much as I can.
This is not the first time bitcoin is experiencing price drop, it only needs few time; months or years to correct and hit another ATH. Few years back many investors took the loss and cashed out their money, believing that bitcoin settled for lesser price.
No, it's common. Since this is not the first time going through a bearish period and based on other people's experiences, many people are waiting longer to see a bullish era. I still firmly believe that in the next few years there will be a bullish era after the Bitcoin halving. This is one of the things that triggers my enthusiasm to continue to be patient in facing the bearish phase which is always full of up and down drama, very drastic market drops and so on. Even though the results are not yet known, at least we will continue to try to be more patient so as not to be provoked by emotions and panic. No, I am not tired or waiting for any pump to happen as soon as today. Just give it some time, it literally went from $3000 to $69000. That's a 23x move.
Let it calm down, let the shitcoins craze go down, then we will start going up again. Most probably after the next Bitcoin Halving which is scheduled for May-June 2024.
I am never in a hurry too to make profits by selling my coins, as that will only mean still a loss for me seeing bitcoin price has not reached yet at its peak. So this is more of a moment to hold even more while waiting for a good price to sell. Being impatient and tired of waiting for a jump will not work at all, as everything that happen in the market requires high understanding and high patience as well. Let it calm down, let the shitcoins craze go down, then we will start going up again. Most probably after the next Bitcoin Halving which is scheduled for May-June 2024.
I understand how tough the market is right now. I've been waiting for a number of years, and there hasn't been a significant change. But, because I know how to assess the market, I feel we are still in a bullish trend as long as the price does not return to $19k. The market's bullishness is not the same as it was in 2021, where there was a lot of impulsive movement. Whatever happens in the market, I will never weary of waiting for the price to rise higher. Based on my personal analysis, I believe that when we spikes of prices, it will potentially reach the $40k supply zone.
Patience is required to be a good investor in any asset/commodity class. The only people worrying about bitcoin at 26k are noobs or people who bought at 50k or higher. Bitcoin is volatile, it is what it is. If you have a regular job that can pay your bills then sit back & relax, bitcoin is going nowhere but up long term, everything else in between is just noise.
The irony here is that same people who bought at 50k wished for bitcoin to hit 30k before they buy, but they didn't have the patience to wait for the bear. That means they're just impatient both ways, I could remember telling someone not to put money into bitcoin at 50k, yet to no avail. I don't know what their thinking was, you know such people have big dreams, bitcoin hitting 100k must have been in their mind. The disappointment led lots of investors to take the loss and move away. Just few noobs that bought bitcoin at that amount would still be holding it till date.
This is not the first time bitcoin is experiencing price drop, it only needs few time; months or years to correct and hit another ATH. Few years back many investors took the loss and cashed out their money, believing that bitcoin settled for lesser price. Don't be in such a hurry to move out your investment; bitcoin is falling in price so that it can rise up again. Below is a tweet of a bitcoin investor 12 years ago, that should encourage people to hodl and hope for the best in the market. I know some will never sell, when it hits a high price, but for profits purposes there's no gain in withdrawing an investment now that the price is below or slightly above the amount you bought in the market. Unless you depend on the funds for survival or for other important dispute, keep holding on. Tom only had to wait for 6 years to meet the 2017 pump; a long time indeed! Isn't the wait worth it?
Photo @Rizzo
Photo @Rizzo
Brilliant post! As a long time hodler I can confirm every word is 100% correct! It's always darkest before the dawn you know that right? To become successful with your investment you have to be patient. There's no reason to sell now as the price will be going up from here. Halving is on the horizon.
Jump to: