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.
Topic: Are you tired of waiting for the jump? Pls Hodl - page 6. (Read 566 times)
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.
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.
hero member
Activity: 532
Merit: 508
Leading Crypto Sports Betting & Casino Platform
Yea, newbies or I should say some crypto amateurs would would not be convinced about the whole long period of waiting time just as on the picture you provided. But some Bitcoinners who are experienced here would know that the waiting time is not yet reached and even if it does and price is still down, they can give it more time. It's just how the markets have always been right from time. Cryptocurrency price are dynamic, that there is not very accurate predictions, so we should just keep holding and also buying the Dip or using DCA to accumulate more Bitcoin in this season.
I still remember an old saying, that goes , "after rain, comes sun." the price is down now but will still normalize within some period of time
I still remember an old saying, that goes , "after rain, comes sun." the price is down now but will still normalize within some period of time
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.
I think the we have gotten over the huge drop, it was from last year, the negative effect of FTX collapse doing some damage to the market when we bottom at $15,500. So right now, this is just a rebound from that. We even touch $31,000 around March-April if I'm not mistaken. And technically we are still in the bear market, so be ready to experience some drop or even a big one. Just like what we have seen after SEC filed a case against Binance, we thought that we will retest $23k again as $25k support has crumbled, and yet we are back to above $25k 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.
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.
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
Jump to: