Topic: Are you tired of waiting for the jump? Pls Hodl - page 5. (Read 568 times)

All possibilities can still happen at this time, and it seems that among us there are those who are waiting for the final decision in this binance case, and I think it will make an indicator of the next increase and decline if seen in terms of news sentiment, but in terms of previously we have almost come out of Bearish zone but then it is rejected and re-strengthened in the bearish zone which might be long enough if the fud-fud cannot be solved in the near future, technically we are currently in the bearish zone and need to reconcile prices back to try to support prices At $ 20K- $ 23K if bad news occurs.
We just need to be patient today, and don't expect too much on the jumps that surprise, Halving's journey is still long, still the Hodl Bitcoin owned, even though I know there are some people who are doubtful.


Long -term is a solution, the best for the current situation, do not expect more on the price leap, the price increase works gradually and requires time to restore the situation.
Faith is the key to all success, regret will come to those who do not want to be patient with the market conditions.

Everyone is waiting for a spike in the bitcoin price, but they must realize that bitcoin is very volatile and not easy to predict because the price can change suddenly and also with a long process. And don't use bitcoin as a benchmark to change something or expect quick profits and if you want to do that you have to have alternatives to bitcoin, such as investing elsewhere and also saving to get more profits, and also taking savings. when you need it the most.
invest bitcoin using money that you can afford to lose gradually take whatever happens because a decline will definitely occur due to factors we didn't know before but eventually it will rise again we can't know when it will happen, and it's only a matter of time.
So, don't take bitcoin as a yardstick and expect it to turn you into what you want to be. And before getting involved, you have to think, plan, alternative, and be ready to take risks. And you also have to have a lot of patience and believe that bitcoin will bring you huge profits at the right time even if you have to wait a long time.

I just hope that the person behind that tweet is still Ok after his decision of selling at a loss more than a decade ago.
Well, I guess he moved on from it already like what other Bitcoin early adopters did when they also sold their Bitcoin holders very early.

Being patient is very easy to say, but TBH it's very hard to apply especially when it comes to investing. There will always be times where you will be tempted to sell your holdings especially when you see that your holdings is up double-digit percentage already. I've already experienced it numerous times, and the last bull run in 2021 tested my patience. I held all of my holdings in crypto at that time, and I've been patiently waiting, but it seems like that would've been one of my worst decisions because I might do a better job if I just sold most of my holdings at that time, and then bought last year when the bear market started.

It's always worth the wait especially if you have a target selling price. As long as you are ok with your profits, and didn't sold at a loss like the person on that tweet then it's always good.

That phrase "I can't afford it" is not a good habit and should be removed from your vocabulary. You can start with a small amount, or if you are good at trading, then you can hold the earned bitcoins. Trading may not always bring the same good results, but those bitcoins that you store in a cold wallet will not go anywhere, it will be your long-term investment, in something more, which we find it difficult to believe now.

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.

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.

If you're in the market for many years you will understand the flow of the market, old traders understand the FUDS and how the community struggles to win against it, it's the new investors and the unbelievers who are still doubting, they are always holding on to the scenario of what if, I can't blame them these investors invest their hard-earned money and their life savings.

I'm one of those many investors but I learned my lesson, from there I learned you have to extend your patience and keep believing, there's a part of your investment for short-term profit and for long-term holding, the long-term investment is the most important it is allocated to a price that many experts predicted to be its all-time high in the next ten years.
Old Investors should look forward and beyond they have seen everything, you have something to regret if you do not take action and now is the best time to take action.

The bear market currently at a good price compare to last year when bitcoin price dip below 19k. We are still seeing bitcoin price at $25k+,which makes it still on a better price to me. We might still experience a lower price as time goes because of Binance current saga with SEC. This is an opportunity for investors to stash more sats to their bitcoin portfolio or better still keep holding your coins and don't sell off due to panic because bitcoin price will go up sooner or later. Long term investment is necessary for every bitcoiner except for traders, it is only the weak hands that will panic and sell off

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.

Yeah these are the stories I am looking forward to print and put on my desk. Gives me inspiration how people lost the path of being millionaires. I think it’s best practice we should start our journey from the current timeline and look forward to achieve that very path which we missed. Actually we aren’t missing it if we haven’t sold anything yet. I am bracing myself for the 2024 halving when I am sure Bitcoin is going to have amazing up drive. Who knows there gonna be more millionaires who are holding since 5-7 years back when Bitcoin was way down the current price. So yep one more vote from my side for this whole new experience. Keep holding and keep holding in your non custodial wallets or paper wallets. 

Technically you shouldn't buy bitcoin to make profit
Bitcoin is not meant for profit making, it is the only decentralized money that is created to give you financial sovereignty. In fact if you ask me the reason why price hasn't been going up similar to a couple of years ago is because the adopters have changed from those who believe in bitcoin to those who want to make a quick profit. Which is why they panic sell at the sight of first bump in the road and create a sell pressure preventing the rise.

Of course we can't talk about bitcoin price without mentioning the current ongoing economic crisis in the world specially the recession in the West.

Homework is never done when bad hands are holding and not focusing on what is being held.
Always panicking when the dumper starts working, getting affected by FOMO and not following the strategy already made.
Everything done will only end in losses. People like this really need to psychologically train themselves when trading or investing.

The next halving is the target for everyone to start selling their holdings and today it is only necessary to buy and hold on.
But those who panic too much will not be able to hold on until the 2024 halving.

It happens quite often, even when I first started trading, I was always cornered by the situation of whether to sell at a loss or hold it.
When the price always goes down, I finally cut loss and buy again when FOMO occurs.
It is quite a meaningful experience for me to be careful in every trade or investment.

Trying to hold for one cycle may need to be tested. After the 4th Halving, this is a good time.
Now it is just a matter of buying and holding for a short period of time. The halving will happen next year at the start of May.

Checking prices every day or every time is only done by day traders or scalping traders.
Those who invest for the long term should only check when necessary.

Because if it is seen every day it will interfere with the strategy that has been compiled, because market fluctuations will affect our minds to start selling it when the price continues to fall or even rises but does not reach the target.

I think it is understandable that many of us lose patience in investing in btc, since our lives are not tied to btc alone, not everyone has the complete financial freedom to invest comfortably, as well as have the experience to implement a plan that helps balance both life and investment. And the fact that the market is so volatile on a personal level, I will console myself, this is a good opportunity to help purify this market as well as have more time to accumulate and wait for a new bull cycle future. If you wait patiently for the price of BTC to increase over time, I think everyone will get a good profit, but this market includes many different factors as well as different investors.

To those who are impatient with Bitcoin, take time to review its previous price movements. It's up and down all the time. But the up is always worth waiting. It pays to wait. Bitcoin is a waiting game most of the time. You lose patience and sell when Bitcoin is down, you lose money. Buy low sell high is a Bitcoin investment advice that can't get old. If only we stay within reason and stick to this, we can't go wrong.

If you're feeling tired, perhaps you're checking on the price too often. Quit it, especially during the not-so-good days. Do some other things.

I don't think that getting tired should be one traits of a investors, not just in bitcoin, but in any other markets. So definitely, it's going to be a long and hard for us, but along the way of holding for a long time, it's going to be very good for us.

Maybe the best approach is try to hold for at least one cycle and see it for yourself. Definitely you are going to make money on that time frame. But if you want more profits then you should hold a bit longer.

We had a drop recently, not a crash. A drop is better than any crash. 

The Bitcoin Crash of 2021 Compared to Past Sell-Offs


You would see a latest drop is better than all crashes in the image.

If Bitcoin block reward halving continues its historical effects like past halvings and previous bull cycles.

About 315 more days till the 2024 halving.

Buying high, selling low or buying low and selling high or around all time high, you decide.

When you sell, others who are buying would think they are taking an opportunity. When you are buying, others who are selling would think that you are taking risk.

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.

for people who invest using money that is ready to lose or idle money, of course, they will be calm in facing any situation and of course they will be patient even though they have to wait for years, but for people who invest using money that is not ready to lose, of course they will feel frustrated because the btc price is always down and down, and it will certainly be tiring for investors who use money who are not ready to lose or who are not idle.

but personally I really enjoy my investment because I invest using idle money and am ready to take risks.

6 years of wait is more than enough than we compare it with any investment like a stock. As I know, Warren Buffet is wait for 10 years to get a profit from the stock he bought. While the bitcoiners is just waiting only 4 years when we calculate with halving bitcoin period. So, I don't know why we don't have a bit of patience. the growth and profit of bitcoin is much bigger than other investments, so when we have a bit forbear, our wealth is the same as 20 years time investor.

The weakness that we have is we don't focus on what we held and are easily influenced by dumper. That homework we should to solved.

Waiting for this kind of jump will take a long time, it cannot be seen with just a few days of investment.
People who hodl since the beginning of bitcoin and sell it when ATH in 2017 or even ATH 2021 will be a long-term investment that is worth the time it takes. But of course only a few percent of people can hold it until now.
The long term will be very difficult when only focusing on quick profits.

Buy now and try to hold it for the next 5-6 years, the profit might be worth the time.
Buying more and holding until the new ATH is reached is also good enough, but can it last for a long time?
because the market will continue to fluctuate and will play the psychology of everyone who holds it. then it's better to buy and forget.