Topic: Are you tired of waiting for the jump? Pls Hodl - page 4. (Read 648 times)
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.
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.
Those who are making crazy profits from the market now are those that have take there time to learn about the market and understand how the market moves with plenty of experience. Sometimes I only laugh at some persons that are too eagered to make money from the market without thinking appropriately before they make any decisions on the market as investors.
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.
Bitcoin will go higher when everybody gets tired of waiting for the pump. That's the untold truth. Bitcoin may never see another ATH in the next 10 years and that's because there would still be people hodling their coins. The whales don't like that. It is because the whales don't want to make other people rich by pumping crypto. And that makes sense too. If any of you was a whale, you would do the same thing. Big fish eats little fish, that's the name of the game. Some small fish will always get away and become rich but how many of these small fish have a patience like that? I don't think many do.
You're entitled to your opinion about the dynamics of the cryptocurrency market, including the role of whales and the potential for Bitcoin's price to rise during times of excitement or impatience. Actually, cryptocurrency prices are highly speculative and subject to many variables that are difficult to predict in advance.
While it's true that whales, or large holders of cryptocurrencies, can influence market movements, it's also important to remember that the cryptocurrency market consists of a diverse range of participants, including ordinary people, hedge funds, speculators, and more. Whales are not the only factor that influences market dynamics; many other factors can also play a role.
If you are a long-term holder you should know how many years you will hold the Bitcoin you bought. And you should also have a lot of patience if you do decide to hold Bitcoin. Because if you are not sure that you have long patience, you are not good for long-term investment in my opinion.
But he has been waiting for 6 years (Thomas), he should be patient and not waste the year that has passed just because he feels he is impatient because the thing he is expecting here will take a long time to happen.
If some investors have seen the future, many of them wouldn't have lost hope in bitcoin. Some people only assume that it is only newbies that become impatient and cash out even with a loss, even some old timers can be frustrated and decide to sell their coins. Holding bitcoin is not easy because there are many actors, organizations and governments that always want to generate FUD to push people to drop thier investment thereby distortion the market. But he has been waiting for 6 years (Thomas), he should be patient and not waste the year that has passed just because he feels he is impatient because the thing he is expecting here will take a long time to happen.
But some people have decided to keep holding till they get to the target even if it will take many years. I know some real estate investors in my county that are specialists in buying lands in underdeveloped areas of the country. They project the direction of development and buy lands in areas they project will develop. Some of them will have to wait for decades before such areas will develop so that they can make gains from the lands. In the same way, every investment needs patience and steadfastness.
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
It looks so sad when you see stories of people who sold bitcoin dirt cheap to get back the few bucks that they put in. It was more like they in search of gold lost diamond. But I feel the lesson here is not to lose hope. Not to think that Bitcoin is going to end because whenever it fell it has always come back even stronger than ever. Photo @Rizzo
Bitcoin will go higher when everybody gets tired of waiting for the pump. That's the untold truth. Bitcoin may never see another ATH in the next 10 years and that's because there would still be people hodling their coins. The whales don't like that. It is because the whales don't want to make other people rich by pumping crypto. And that makes sense too. If any of you was a whale, you would do the same thing. Big fish eats little fish, that's the name of the game. Some small fish will always get away and become rich but how many of these small fish have a patience like that? I don't think many do.
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?
I'm a hodler but I understand people who decide to sell. Waiting for years and years can take a pretty important psychological toll on some people, especially if they invested more than what they were supposed to do and now they need the money. You're if the wait is worth, well, it depends: those who sold at $60-65k for sure now are in better position than the hodlers, they had the chance to buy 2-3 times more bitcoin than what they had before. I would say that usually hodling is the best strategy but sometimes we need to understand that maybe we should also sell something, maybe like 20-30%. 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
One image can speak louder than 1000 words. (even though this image contains words)
I really enjoy your reference. I guess millions of people have "suffered" from similar thinking and actions.
It's generally the same story:
- you are in Bitcoin for quick gains and get cold hands as soon as things don't pan out the way you imagined. Because you don't understand the tech, you are likely to become a victim of buy-high-sell-low-action.
- you came here because you swallowed the orange pill. You are intrigued by the technology, you are intrigued by how the fiat world used to fool you and by how Bitcoin can help us overcome the dependency on central institutions, including banks and governments. You will hodl and stay relaxed when Bitcoin drops by 66% for the second time within a year.
To sum things up, try to get really educated about Bitcoin. Education is key to not lose your money because of stupid, uninformed decision-making.
This is not to say you can't make quick cash all the time in this industry. We have day trading to thank for that. So for those who are really looking to gain quick bucks here I suggest you go learn yourself a couple trading basics and fundamentals. And if you're on the other hand more on the HODL side of things, I suggest you follow through with it. FUD is eternal and no matter rain or shine it will always happen in the cryptocurrency industry, but the profits come to those who are patient and smart enough to know that FUD can only do so much to whittle the feelings of people.
I don't mean this supporting statement to be as inspirational cause I think we got to be a little realistic here but the reality of things is that bitcoin is cyclical, you just have to be patient.
There must be self-awareness indeed when something like this happens so reminding one another is obviously very important for now, although in this case we cannot prevent everyone from leaving even though we are still losing money but at least we still have the conviction to continue to hold it in .
There have been many examples and there have been some who have felt sorry but indeed when something like that (came out at a loss) then indeed everything cannot be repeated and regret must exist and of course if we really don't want that to happen to ourselves then better to hold on.
Even though bitcoin is still at risk and it is possible to lose it is still there but at least with hope and seeing progress over several years, of course the best thing is to hold on for now there is no better choice than that.
There have been many examples and there have been some who have felt sorry but indeed when something like that (came out at a loss) then indeed everything cannot be repeated and regret must exist and of course if we really don't want that to happen to ourselves then better to hold on.
Even though bitcoin is still at risk and it is possible to lose it is still there but at least with hope and seeing progress over several years, of course the best thing is to hold on for now there is no better choice than that.
If you do not take the right strategy, then there is a possibility of such losses. I myself have been bearing a big loss since the end of 2021. But since I've been with cryptocurrencies for a long time, from my own experience, I rarely feel such tiredness for money. And I hope I can maintain the patience of holding this and I can do tweets like this later.
It's surely difficult to HODL your Bitcoin, especially at this point in the market where the price drops a high percentage, For some investors or people who doesnt have enough cash or fiat money to sustain themself they surely going to end up selling their Bitcoin investment because they just continue to lose money and at the same time they needed the money for their needs. Most investors will tell you to not invest all of your money in Bitcoin and only invest a small percentage of all of your money to avoid selling it at a loss.
It won't be difficult to hodl if we have faith in our decision when we invest in Bitcoin. This crash isn't new to those who have been in the industry for some years. We have seen way worse than this event and yet Bitcoin is able to recover and even break its ATH.
The market price was still around 20k$ I don't see any reason to sell at all, and even though the market price drops again to around 15k$ I would still go to HODL I mean it's a good opportunity to buy and accumulate more Bitcoin again, I've seen it happened every time so there's no need to rush and just believe on Bitcoin next bull run, you just need a stable income to sustain your need and just let your investment sit for years until you have the opportunity.
There is really no reason to sell at all if we are selling it at a loss. Bitcoin industry is not about to end and possibly there will be a turn of event when Bitcoin market starts recovering and surging when it transitioned to bull market. All we need is patience and perseverance and belief on the Bitcoin market that it will eventually record another ATH.
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
It's surely difficult to HODL your Bitcoin, especially at this point in the market where the price drops a high percentage, For some investors or people who doesnt have enough cash or fiat money to sustain themself they surely going to end up selling their Bitcoin investment because they just continue to lose money and at the same time they needed the money for their needs. Most investors will tell you to not invest all of your money in Bitcoin and only invest a small percentage of all of your money to avoid selling it at a loss.
The market price was still around 20k$ I don't see any reason to sell at all, and even though the market price drops again to around 15k$ I would still go to HODL I mean it's a good opportunity to buy and accumulate more Bitcoin again, I've seen it happened every time so there's no need to rush and just believe on Bitcoin next bull run, you just need a stable income to sustain your need and just let your investment sit for years until you have the opportunity.
Would love to do the same if I have enough money to use for hodling but I can't afford to do this so I guess the only thing we can for now is to continue trade it or find another source to gain profit out of our bitcoins have. To many good stories like that happen in the past and I also think it will still happen in future since we don't see yet the full potential of bitcoin since there are so many things to grow especially that its tecnology has been slowly noticed by many institutional investors across the globe.
Personally, I'm not bothered, and waiting is fine for me. I'm not in dire need of money, so volatility doesn't immediately affect me, as I've stopped focusing on Bitcoin's price.
This is really a good motivation for those newbies that are now itchy to sell off their Bitcoins, though it is now better than before. I've seen a lot of newbies crying and murmuring on social media about the price and their losses, but right now there are only a few I've noticed. Also, Bitcoin has a proven track record; this has already happened many times, which is why others are already used to it and don't mind it. Let's just sit back, relax, and drink a beer.
I should at least be content with mixed feelings as I become a long term bitcoin holder. Most people think we can do it without any problems and as smooth as a highway, but the fact is that there are many obstacles and challenges that must be passed so that one goal is achieved.
I've been in the market many years now, at least since 2018. So I know how all these processes work and we should be able to manage all of this well. There have been a lot of chasms along the way, even we had to survive the fury of FUD that hit the market, while some panic has fueled the flames to make the price dump sometime badly. If we persist and ignore everything, then there will definitely be a worth it return from it. Buy and hold, it is the most sound advice.
I've been in the market many years now, at least since 2018. So I know how all these processes work and we should be able to manage all of this well. There have been a lot of chasms along the way, even we had to survive the fury of FUD that hit the market, while some panic has fueled the flames to make the price dump sometime badly. If we persist and ignore everything, then there will definitely be a worth it return from it. Buy and hold, it is the most sound advice.
Being a long time hodler doesn't mean that we already passed all the rough roads and hardships, and what we have now is genuine comfort while holding our beloved gems. No, it doesn't work like that. I think that the only advantage about it being in the market for long is we now what to do especially in worse moments where most investors doesn't know what to do anymore but still, it is not a guarantee that what we're doing is always the right thing as we are still moving in puzzles along the risks entailed with us.
So, tired of waiting for the jump? I think that's not the right question.
The down in price is not a new thing about which investors does not know so I think that sudden decision will make you hopeless therefore try to wait during these circumstances if you have make investment in Bitcoin.
Remember that success needs your patience and if you make decision without thinking about the future, about your money and make losses then you cannot be a successful trader but instead of these activities you should forget about your investment during bear market so whenever it pumps again then you can take your precious decision.
There is no guarantee then when the market will recover back but it is guaranteed that it will surely increase one day and then those will regret who sell their bitcoin in low price so wait for the best.
Remember that success needs your patience and if you make decision without thinking about the future, about your money and make losses then you cannot be a successful trader but instead of these activities you should forget about your investment during bear market so whenever it pumps again then you can take your precious decision.
There is no guarantee then when the market will recover back but it is guaranteed that it will surely increase one day and then those will regret who sell their bitcoin in low price so wait for the best.
It's very easy to say 'hold' but difficult to tackle the hard situation specially when seen the price of BTC declining and loss Knock at the door.I have mixed reactions to this.Because I know if I can hold bitcoin for a long time then profit is definitely possible by selling at the right time but sometimes different needs and falling price of bitcoin break the patience barrier. One should hold bitcoins for long term and wait for the right time and take profit from here on.
You can only feel this way if you are not confident enough on your investment. You will stop checking the price if you are confident that the coin you are holding will pump in the future. Only those not sure will always doubt in times of price dumping.
Bitcoin for example usually good for holding in long term because it’s price is already proven profitable in long term. So if the market is declining, It’s easy to hold and purchased more than selling because you are looking on the future price and not the current.
It's very easy to say 'hold' but difficult to tackle the hard situation specially when seen the price of BTC declining and loss Knock at the door.I have mixed reactions to this.Because I know if I can hold bitcoin for a long time then profit is definitely possible by selling at the right time but sometimes different needs and falling price of bitcoin break the patience barrier. One should hold bitcoins for long term and wait for the right time and take profit from here on.
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.
If you are new in crypto space and you don’t really understand what bitcoin is all about, or haven’t checked the history of bitcoin price are the once that will get tired of holding bitcoin, but people that have been in crypto space for long term and the have experienced different bull run and bear market, am sure they will never get tired of holding, they will even be using the opportunity of the bear market to accumulate more bitcoin and holding, people that have experienced the bull run or heard about the bull run knows that it really worth holding bitcoin. Unless you depend on the funds for survival or for other important dispute, keep holding on.
Emergency can happen which is normal for us to sell our bitcoin if we have no choice any anymore, but when investing in bitcoin, we shouldn’t invest any amount we will be needing for survival, when making bitcoin investments, the best thing we should do is invest the extra cash we are having which we know we won’t be using for now, if you invest in bitcoin for short term, you might not make any profit, rather you will be in loss. One of the first mistake people investing in bitcoin are trying to make is trying to get rich quick from bitcoin, we should have patience when investing in bitcoin, we should be ready to hold. Jump to: