Continue to Hold your bitcoin - page 2.

bitbunnny

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Quote from: Kong Hey Pakboy on June 22, 2020, 01:52:13 AM

Quote from: ?? on ??

a lot of signals came out today, stating Bitcoin is still confused about going up or down, maybe you better let go of Bitcoin and go to altcoin,
because maybe the sideways will be very long in the $ 9000 zone

Bitcoin's price is suprisingly staying in $9,000 after the halving has occured, even it shows a downfall signal from the last few days. I assume bitcoin has a chance to increase and stay it's price to $10,000 next month, so it is better if we will continue to hold our bitcoin.

I.don't think that is surprise for Bitcoin price to stay in 9000$ range. Yes, after the halving many expected strong price rise but there were actually no signs for that.
It seems that 10000$ barrier is hard to cross and even if it happens even harder to maintain. I think that Bitcoin price will stay in current range for a while without bigger changes, both in positive or negative way, but still the recommendation is to hold.

Kong Hey Pakboy

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Quote from: ?? on ??

a lot of signals came out today, stating Bitcoin is still confused about going up or down, maybe you better let go of Bitcoin and go to altcoin,
because maybe the sideways will be very long in the $ 9000 zone

Bitcoin's price is suprisingly staying in $9,000 after the halving has occured, even it shows a downfall signal from the last few days. I assume bitcoin has a chance to increase and stay it's price to $10,000 next month, so it is better if we will continue to hold our bitcoin.

Dr.Osh

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Quote from: Taskford on June 20, 2020, 10:54:37 AM

Possibilities are always there and since halving is already hit the floor for sure we will see something great on next year if the economy will slowly rebuild back and investors will released their money for investments, I still hold some bitcoins at this point and even if I dump it now still I am in profit but will see and hold more to get a best possible output.

that's why we always hope and always prepare assets, so we don't miss the next pump. There are only 2 possibilities that I think about when the pump will start, namely at the end of this year, or in 2021. However, we can only predict until now, and I think that is the biggest possibility.

coinfinger

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What we see as miners not selling or at least not selling as much as they used to caused by the halving most probably because they are mining half of what they used to which causes them to mine less bitcoins and make less profits, which causes some of the lower end machines to stop working since they are not as profitable as they used to be or even not make any profit at all and cost money, so when that happens the system has less machines working and that means more clogs in the blockchain which causes the fee's to go up which causes people to use bitcoin less that ends up with the price going down. They are all connected to each other and very well reasonable things.

I would say price will not go down anymore just because the fee's already went up but went back down so we are beyond that level now.

KTChampions

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Quote from: fabiorem on June 19, 2020, 08:34:07 AM

Quote from: KTChampions on June 12, 2020, 04:44:20 PM

Wow. I envy your patience. Judging by the terms, your profit reached 20-30X in some moments and you did not complete the sale. Perhaps the amount of investment was insignificant for you and you did not care much about it? Otherwise, it’s hard for me to understand why you did not sell at least part of the investment.

Between 2015 and 2017 it was less than one bitcoin, but the amount increased after 2017.
In fact, I only bought in 2015 to pay for cloud services. Since the beginning I had the intention of use it. Only later I noticed it was only being used for speculation.

In the second half of 2019 I started to sell periodically, in what I termed "inverted DCA".
I'm still doing that to this day, but this year I started to stack some into ether, after I read about its current development.

Thanks for the answer. It is nice to compare my assumptions with real information and understand that I was close to the truth

As for ETH, I completely agree with you - there is a steep development and if it is successful, then great success is likely. In early March, I closed all my positions in the crypto and went into fiat, but if I see a favorable situation (most likely it will be after another deep dump) I will buy exactly ETH.

xPPx

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HODLing until 100k. DCAing until 10k...

Taskford

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Quote from: Dr.Osh on June 20, 2020, 03:01:14 AM

Quote from: reliable on June 18, 2020, 08:43:39 AM

Bitcoin after the halving has always moved up in the next 1 year and if seeing the charts as well this looks good to hold or to buy on the fallen price as this gives us a good chance to enter the market on lower value and then hold it for the coming months. We can see a good momentum in future as well with bitcoin.

for this reason, it looks like we need to hold some assets. there is a possibility that the price of bitcoin can go up now, and that can happen at any time. however, the biggest possibility of an increase in the price of bitcoin can occur in 2021. However, I still hold bitcoin at this time, because it could have a high potential increase at the end of the year.

Possibilities are always there and since halving is already hit the floor for sure we will see something great on next year if the economy will slowly rebuild back and investors will released their money for investments, I still hold some bitcoins at this point and even if I dump it now still I am in profit but will see and hold more to get a best possible output.

judaspriest

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C O M B O

I think the current market trend is Bullish, because the history of previous years shows like that,
but the market is currently confused, hopefully bitcoin is in strong support

btc78

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Quote from: eskider on June 05, 2020, 02:31:12 AM

The supply of bitcoin has recently hit a new low for the year, this means there are fewer and fewer people selling bitcoin in the market. Although the demand has not increased significantly, but at least this position is hard to see a big Callback*.* So even if you are not bullish at this position, do not easily bearish, otherwise it is likely to reverse the direction.

At the same time, the sales volume of miners in the past month has also decreased significantly, setting a new low of nearly one year, which is also one of the reasons for the sharp reduction in the supply of Bitcoin. Miners no longer sell bitcoin, the future bitcoin price is more likely to rise. From the historical data, bitcoin prices and bitcoin supplied by miners to the exchange show a negative correlation. In other words, the less bitcoin miners transfer to the exchange, the greater the probability that the currency price will bottom out. On the contrary, the currency price will fall.

Yellow is the miner's deposit, and black is the price of Bitcoin

Therefore, it is recommended to continue to hold bitcoin, stay on the sidelines, and do not easily sell out.

Thanks for boosting us Holders because some are losing hope specially when the Dumping happens when they were just starting to Buy in fair prices.
But me?nope i will never lose hope because i already saw the capacity of Bitcoin when the price reached highest at 20$k last 2017.

and also i will not let my investments comes to nothing when the amount in invest here are the Money i can afford to lose.

Dr.Osh

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Quote from: reliable on June 18, 2020, 08:43:39 AM

Bitcoin after the halving has always moved up in the next 1 year and if seeing the charts as well this looks good to hold or to buy on the fallen price as this gives us a good chance to enter the market on lower value and then hold it for the coming months. We can see a good momentum in future as well with bitcoin.

for this reason, it looks like we need to hold some assets. there is a possibility that the price of bitcoin can go up now, and that can happen at any time. however, the biggest possibility of an increase in the price of bitcoin can occur in 2021. However, I still hold bitcoin at this time, because it could have a high potential increase at the end of the year.

fabiorem

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Quote from: KTChampions on June 12, 2020, 04:44:20 PM

Quote from: fabiorem on June 11, 2020, 03:37:25 PM

I have been holding for five years. Three and a half of those years were bear markets.

Previous cycle didnt have this long hybernation. If there is not a bullrun, selling is what it will be.

Wow. I envy your patience. Judging by the terms, your profit reached 20-30X in some moments and you did not complete the sale. Perhaps the amount of investment was insignificant for you and you did not care much about it? Otherwise, it’s hard for me to understand why you did not sell at least part of the investment.

Between 2015 and 2017 it was less than one bitcoin, but the amount increased after 2017.
In fact, I only bought in 2015 to pay for cloud services. Since the beginning I had the intention of use it. Only later I noticed it was only being used for speculation.

In the second half of 2019 I started to sell periodically, in what I termed "inverted DCA".
I'm still doing that to this day, but this year I started to stack some into ether, after I read about its current development.

Ridwan Fauzi

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Quote from: whyrqa on June 18, 2020, 01:58:09 PM

Undoubtedly, Bitcoin is very profitable for long-term investments and any amount of Bitcoin in the cryptocurrency user's portfolio can make a person very rich after a certain time. but today, each person has different situations, especially given the impact of the pandemic on business. my permanent job does not bring me any profit, because it is quarantined. And so I have to gradually sell what I have kept for years. Of course, I do not sell everything in a row, because I try to minimize my losses and live with significant savings until this crisis passes.

Hopefully you're not in a lose situation, yeah it is hard thing to do. Selling bitcoin or our saving money that we expect we can buy anything in the future due to pandemic situation. I'm quarantined as well, in three months ahead I will not get a salary whilst I need it to buy some basic need. There is no way to sell bitcoin that I collected for almost seven months, greatfully I got profit in it but I will be regret later because I sell it now.

Indeed, bitcoin is suitable investment place for long term investment. Moreover with the current situation where a lot of countries have trying to adopt it and legalized it as a comodity (as mean of payment system in several countries as well) will bring it to high price in the future. Even, there are some expert already who predict bitcoin that its price will high in the future.

KTChampions

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Quote from: whyrqa on June 18, 2020, 01:58:09 PM

Undoubtedly, Bitcoin is very profitable for long-term investments and any amount of Bitcoin in the cryptocurrency user's portfolio can make a person very rich after a certain time. but today, each person has different situations, especially given the impact of the pandemic on business. my permanent job does not bring me any profit, because it is quarantined. And so I have to gradually sell what I have kept for years. Of course, I do not sell everything in a row, because I try to minimize my losses and live with significant savings until this crisis passes.

What growth do you expect in the future? x10? x100? I think we will not see millions of percent price increases as it was in the early years. This means that in order to become rich with the help of bitcoin, you initially (now) must invest a large amount of money.

whyrqa

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Quote from: justdimin on June 18, 2020, 11:45:29 AM

It is well beyond holding just bitcoin because I like bitcoin nowadays. It became something of a major deal to have bitcoin nowadays since all the other options looks like they are very dangerous. I could buy gold but there could be a war and banks could deny all gold withdrawals, there could be stock market crashes, there could be commodities crashes, there could be agriculture shortages there could basically be anything at any moment.

But bitcoin is there, it is decentralized, it has got nothing to do with anyone else, it is just there on the internet forever without ever having any sort of connection to anything at all. I feel like this is basically the best way to save your money, bitcoin is not only good because I like it but it is good because other options are bad.

Undoubtedly, Bitcoin is very profitable for long-term investments and any amount of Bitcoin in the cryptocurrency user's portfolio can make a person very rich after a certain time. but today, each person has different situations, especially given the impact of the pandemic on business. my permanent job does not bring me any profit, because it is quarantined. And so I have to gradually sell what I have kept for years. Of course, I do not sell everything in a row, because I try to minimize my losses and live with significant savings until this crisis passes.

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It is well beyond holding just bitcoin because I like bitcoin nowadays. It became something of a major deal to have bitcoin nowadays since all the other options looks like they are very dangerous. I could buy gold but there could be a war and banks could deny all gold withdrawals, there could be stock market crashes, there could be commodities crashes, there could be agriculture shortages there could basically be anything at any moment.

But bitcoin is there, it is decentralized, it has got nothing to do with anyone else, it is just there on the internet forever without ever having any sort of connection to anything at all. I feel like this is basically the best way to save your money, bitcoin is not only good because I like it but it is good because other options are bad.

reliable

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Quote from: coiner-88 on June 10, 2020, 01:46:11 PM

Cryptocurrency market to demonstrate “sell-the-news” sell-offs and the lack of a short-term upsurge in the past two halvings suggest that the narrative of a halving Bitcoin. some think bitcoin's move lower could have its origins elsewhere.

Bitcoin after the halving has always moved up in the next 1 year and if seeing the charts as well this looks good to hold or to buy on the fallen price as this gives us a good chance to enter the market on lower value and then hold it for the coming months. We can see a good momentum in future as well with bitcoin.

Paycoinzzz

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Bitcoin halving is an event that slowed down the growth of Bitcoin's supply. This will cause supply shortages and prices will increase in the LONG-TERM future. That's why we need to buy bitcoin now and hold it for over a year. When the economy stabilizes again, the price of bitcoin will increase further. it is important that we have enough patience to wait or not.

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Quote from: reliable on June 13, 2020, 03:33:53 AM

I always prefer to continue buying on dips so that I have better chance to sell on the highs. Also as it is said buy when other fears in market and sell when it is already at top or excessively risen in limited time. So this things does help to buy/sell for investors and also for the traders.

It will relied from how you understand the situations, most of those who deal with this same strategy are investors and
trader who already have deeper knowledge around the market.
They've got a good anticipation after assessing the sentiments of many players, if you are comfortable with your skills
you can simply do the trade with full confidence.
Allocate enough time and wait till your target position was filled and repeat rinsing the market, it takes time to really
learn but it's manageable.

Oasisman

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Quote from: arwin100 on June 13, 2020, 01:48:21 AM

Quote from: KTChampions on June 12, 2020, 04:44:20 PM

Quote from: fabiorem on June 11, 2020, 03:37:25 PM

I have been holding for five years. Three and a half of those years were bear markets.

Previous cycle didnt have this long hybernation. If there is not a bullrun, selling is what it will be.

Wow. I envy your patience. Judging by the terms, your profit reached 20-30X in some moments and you did not complete the sale. Perhaps the amount of investment was insignificant for you and you did not care much about it? Otherwise, it’s hard for me to understand why you did not sell at least part of the investment.

If that's real I can say his patience is so long but I don't believe those things exist since people's aim is to sell whenever theirs profit given especially with those huge numbers already seeing those pumps and dumps is so scary especially with the current situation right now where even halving didn't convince me to hold at this time. We are still in crisis so might we will see some big mess. For now I prefer to do a short trades for a while when the market is not on its best shape.

That's what you call "long term" (literally) investment, and yeah people like that guy above exist. Remember we have different financial status, he might not need these money yet even if it means he supposed to have 20x or 30x profit from his invested amount from the past 5 years, or he wasn't satisfied yet with the amount that Bitcoin have reached so far.
He might be aiming for something bigger, and continued accumulation will help him aim for a bigger fish than short traders do.

But honestly, that's a waste of opportunity for not selling during Bitcoin peaked in December 2017 Cheesy

eskider

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Quote from: tbterryboy on June 13, 2020, 01:25:55 PM

I have been collecting bitcoin for a long time and I will continue to do so, I have a goal of not working anymore and in order to do that I would have to gather too much bitcoin and I am willing to work for it. I am in no means anywhere near it right now, but I can definitely work towards accomplishing something like that one day if I keep this up for another 10 years or so.

By that time I will be 40 years old and not too old, and I can retire early to some other small holiday location type of city and live a comfortable life there. I don't know if I will be capable of accomplishing this, but I know that I am working towards it by buying bitcoins. If bitcoin one day collapses, the hopes of me one day not working and retiring will be gone and I would probably have to work well into my 70s.

You have a great goal, but I believe that although the price of Bitcoin fluctuates, it will not collapse

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