Topic: Bitcoin proven many times holders won't regret - page 9. (Read 1688 times)

I agree that this has been going on for 15 years now, so it's not irresponsible to rely on historic data and Bitcoin always recovering in the past to predict the future. However, we must always remember that there can easily come a bear market from which Bitcoin never recovers, never returns to its former glory. We don't know when it can happen, and I think we're safe for at least a few ore cycles, but it's always a possibility. That might be what stops other people and makes them sell, even at a loss: they simply aren't sure Bitcoin will recover this time like it did in the past.

You are right, Bitcoin has proved many times and still proves that it's going to rise and it will always surpass its all-time high price. Since 2021, I always think about one Redditor who sold his house and bought Bitcoin in 2017 when the price reached 20K USD. I remember how that Redditor felt hopeless when the price started declining, he thought everything was over and Bitcoin was never going to rise again and he lost his house but then in 2021 Bitcoin reached 69K USD and now, there is an upcoming halving. We have never seen such a high price before halving, it's almost reaching its ATH before halving, this will be a new thing in recent Bitcoin history. It's never late to buy Bitcoin, it's always going to prove people wrong.

I wish people have same perspective even post bull run because we have often seen people losing faith in Bitcoin once the bull run is over and they eventually call things like Bitcoin is bubble, end of Bitcoin and etc. I have always believed in Bitcoin ad it has proved time and again that investors will not be in loss but the only requirement is you need to have patience and shouldn't cashout due to FUDS. I used to be the one to get panic earlier and sell it off but then I limited myself not to withdraw when the value of Bitcoin is lesser than what it was when it bough and medical or other emergency being an exception. Now since I have started DCA everything has been on track as my portfolio is balanced as I have purchased on regular intervals with market value being on both side of the chart.

You said it all, only few people are still in loss especially those who jumped in during the peak of 2021. But I can assure you that majority of them have sold at loss because they bought the hype and not because they were convinced that Bitcoin was for them. In addition, buying the hype means that they invested what they cannot afford to keep for long and in loss, so they only option was to count their losses. I came to this conclusion because I have actually seen many people who complained about losing money to Bitcoin back then.

The only exception to those who bought the hype of 2021 will be those using the DCA method like you rightly said. However, if they started applying the DCA method before the last bull run and continued unto this present bull run, then their entire portfolio would have been in good profits by now.

Being the number one cryptocurrency, all eyes are on Bitcoin and people are ever ready to take their slice of that world cake. I knew Bitcoin a few years after its creation, but sadly and regrettably, I never participated in the investment until 2022. I must confess that it pains me till now because if I had started the investment around $500 for example, you know what I would have been making money now. All I did then was use Bitcoin to move money in and out of companies that I was dealing with. Whenever I go back to see the amount I had moved within that time, it pains me the more because by now, I would have been worth so much in Bitcoin.

Well, it is not too late for anybody, especially those who are good in trading/investment and speculation before the cryptocurrency era. This is the benefit I am enjoying now, and from 2022, I've tried my bit when it comes to cryptocurrency trading and investment with comfortable returns. I hope for the best even as I shine my beam more on it these days since this is the bullish season of the crypto space. During this time, most people can't go wrong when they buy crypto assets even with the slightest reading of the chart through the price action.

But the issue is that people should know when to invest and divest in Bitcoin and others, if not, the huge money they've made could turn back to little or even amount to losses due to the bearish season of the coin. Cryptocurrency works in cycles, so we should be careful about this. Also, Ethereum is such an altcoin no one can undermine, it has done so well, and very soon, I am sure it will hit its ATH even as Bitcoin is also close as well.

Believ, understand Bitcoin inside and out, admit that the system has been proven during several halving and we will not worry when the bear market comes because the goal is not a profit of one or two months. Bitcoin does not need to prove to anyone its price in the future but eventually it will go through a cycle where people and institutions recognize its existence and value. Not a few people have seen these benefits today, including me, who has only been doing DCA for about 2 years. Now, as we get closer to the halving, I think as a small holder I will certainly take part of this profit and start over by maximizing my investment more than the previous year.

The same thing will happen when the next peak is in, many are going to buy at the top and will have to hold again for a certain period of time if they miss the entire run. But I think time after time, the market is getting better and as exact as Bitcoin, time of recovery is becoming lesser yet quicker.

It's true that Bitcoin don't disappoint the holders. I myself have been holding for so long and never did I have any single moment that I held but there were times that I've sold then I regret. And that's for sure the experience of the majority when we want to hold some more.

If you have faith and believe in Bitcoin, you'll not panic, you'll hold and you'll be patient at most times because this is the greatest asset we ever had on this era that we live on.

That is true because we are still way early into bitcoin as it has a long way to go.
But we must also acknowledge the fact that no asset goes in one direction. There are always corrections happening every now and then.
We must stay strong through these price corrections and be capable to hold our bitcoins and only then we can gain the profits when it soars high.

Indeed, many people think investing in bitcoin is quite easy, just buy and hold long enough and you will definitely make a profit. But how many people have done that? We've heard stories about people getting rich by investing in bitcoin, but have we met someone in person or just heard it from other people? The journey of buying and holding bitcoin until it becomes profitable is an extremely difficult and strenuous journey. We face Fud, scams, government bans in some countries that still ban bitcoin...countless challenges we need to overcome in our journey to holding bitcoin. In my opinion, holding bitcoin is not as easy as many say and for those who can overcome those challenges, they deserve to be rewarded.

You are actually right on this sir, Bitcoin has practically behaved like a fine 🍷 wine over the years, because it gets better with age, the most important thing i love most about Bitcoin is thanks it always rally his way back to the top even when their is a sharp decline in price, but it has proven trust worthy of an investment to all investors that stick to it and hold, regardless of how deep the price falls to, I believe that Bitcoin will always be  a trusted asset to hold onto now, and in the future.

We know that any investment is risky. However, some changes have been noticed in the case of Bitcoin. Bitcoin has always created a win-win situation for those who are determined to realize their long-term goals by investing in Bitcoin. Since its discovery in 2009, many people have made huge profits from Bitcoin and there are many who have lost their money due to misconceptions about it. Those who have held Bitcoin since 2009 are not harmed. Even those who bought and held Bitcoin at the highest price during the last bull market will soon be able to see their profits. In my opinion those who lose buy at whatever price they sell before the specified time or are forced to sell.

Bitcoin is the most volatile currency and it has bullish and bearish trend. In the long bearish market it is better to hold. However, this may not always be helpful for those looking to make a quick profit from Bitcoin.

Many investors can refer to the state of Bitcoin investors in 2017 where Bitcoin fell from $2,0000 to $3,000 in 2018. At that time, those who bought at a higher price really lost? I think they didn't all lose but those who didn't hold their bitcoins out of desperation at the time the price went down actually they lost.

Yes price recovered each time but in hindsight you would of never known that. I was around since the 2013 top and the bear markets were all brutal.

In 2015 the market was going nowhere. Price barely moved on the chart. It was stuck at $200 a coin. People gave up over boredom most likely.

2018 was brutal when we broke the $6k and lost half of that value all the way down to $3000. Many were on leverage and got liquidated quick.

2020 was the Covid crash, we assumed the world would end and dumped bitcoins at $3K.

Then 2022 was the Ftx scam and how we were about to break $15K or so.

These were all stressful events and many just sold and got out of crypto. If you held on, then congrats.

This becomes relevant now that we are only 10% or $6K away from ATH. Virtually everyone is in profit now. Only those who bought in around $63K-$69K and bought nothing else when it went down would be at a loss now, and those, if any, are a minuscule percentage.  Just be patient in the bear markets and better if it is accumulating with DCA.

I have never witnessed a bull run before and I don’t know how the price moves during a bull run but experiencing this rapid increase in such a short period have increased my belief and confidence that bitcoin will definitely go beyond the ATH price in a few months or weeks hopefully. This is the period where holders will benefit and their long awaited bull run seems to have kicked off, we don’t know how long it would last but it is predicted to reach a new ATH.

Those who bought during the bear market will surely make more profit than people who bought due to fear of missing out during the last bull run at a higher price, if a new ATH is is reached soon they will be also be in profit, this is the reason why it is advisable to buy when the price is low so as to be able get more profits because no matter how low it falls in price the price will always bounce back.

By now Bitcoin holder should be able to know that online wallets and custodial wallets are not the best options to store their bitcoins as it is exposed to hack and theft. This is not a thread about wallet choice and it’s security but it is worth reminding those who might lack the knowledge about best wallet choice when holding for a long time to safeguard their assets.

Bitcoin always recovers from its bear markets and after rally, it makes a new all time high. I believe we will see a new all time high for Bitcoin very soon. Maybe Bitcoin will make it before a halving in April or after the halving. Historically Bitcoin only makes its new all time high months after halving but will we see a first time, it happens before a halving?

They don't recover but even can be dead.

How many cryptocurrencies failed

P/S: Don't hold your bitcoins in online accounts.
Reminder: do not keep your money in online accounts

The problem is that the circumstances of people don't allow them to be hodlers for a really long time, some of those people have their emergency money invested as bitcoin so when there's an emergency that's happened to them, they all end up having to make the choice of losing their hodling streak because that's the emergency money that they've prepared for, some people just can't really hodl that long and there's going to times that you're tempted to sell a part of your hodl because you've profited a lot already so you lie to yourself that it's not that bad that you're selling some but it defeats the purpose of long-term hodling if you take a chunk of it every now and then. I think that the problem that's been presented is a thing of the past or that there's not a lot of people that's not learning from the past and the history of bitcoin, 3 ATHs is probably enough lesson for many to still not believe in bitcoin or to think that bitcoin is going to never see a new ATH soon.

Hodlers will always be rewarded in the end. But it isn't easy to develop diamond hands, precisely the kind of hands that hodlers need. If somebody bought Bitcoin at $65,000 in 2021, he/she needed no less than strong conviction, perseverance, deep understanding of Bitcoin, belief in it, and so on and so forth to be able to keep hodling through the years and in the face of extreme corrections and bear seasons.

It isn't psychologically and emotionally easy for somebody to have bought at the ATH in 2021 and be able to stick to hodling despite the price continuously falling down, even reaching as low as $15,000. But once you survived and get over it, things would be a lot easier. You'd even grow indifferent to bear markets. You'd learn not to mind them anymore, not to give a damn about those short-term price fluctuations.

And I will also make an answer for Bitcoin only. And what you say is true because the traces are like that, and it applies to those who are experienced or who assess or read Bitcoin's movements well, that after a decline, Bitcoin always recovers. And the key is to be patient and calm in waiting for this moment, even though it will take a long time for your capital to return and you will not lose money when selling when prices fall due to panic.
And even Bitcoin will not only recover but will surpass the highest price of the previous purchase price if you are more patient, and create good even big profits.

You are right, Bitcoin is going to prove, if one has invested the highest value in a bull market. If he patiently holds for a long time, he will surely profit. We will see the real proof of that soon. Those who believe in Bitcoin try to invest at any moment. Investors don't regret, at the end of the day it's those who don't invest who regret. However, currently Bitcoin is around $62k, those who haven't invested should invest.

You're Very correct. This is why I've also asked those who wants to purchase and accumulate more of bitcoins but because of the appreciative rate of the bitcoin in the industry, they feared that they may buy on a higher price and still wouldn't make interest due to the close range to the bull run.
I've always asked them to ignore fears and go forth to buy at now and there would be every considerations to make profits hence we're still in halving and the bull run is yet to but still the current price of Bitcoin is like dominantly at its ATH while it is null.