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Topic: Continue to Hold your bitcoin - page 3. (Read 1504 times)

legendary
Activity: 2478
Merit: 1951
Leading Crypto Sports Betting & Casino Platform
June 13, 2020, 04:37:50 PM
#92
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.

I think this is real. If we look at the blockchain, we will see that many wallets remain untouched for several years. I understand that some wallets are “dead” for various reasons, but most of them are only owned by patient owners.
sr. member
Activity: 2030
Merit: 323
June 13, 2020, 01:25:55 PM
#91
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.
sr. member
Activity: 2002
Merit: 250
June 13, 2020, 07:04:57 AM
#90
Very good information, according to the bitcoin price chart in the past few years it also looks the same, meaning that at the price of $ 8000 - $ 9000 is the price of Bitcoin will hold, and not less than $ 8000, hopefully it will be exactly like years ago
full member
Activity: 868
Merit: 151
June 13, 2020, 03:33:53 AM
#89
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.
full member
Activity: 1750
Merit: 118
June 13, 2020, 02:47:44 AM
#88
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.

those things really exist . not all people are like you or like me that only wants small profit  .

 those people are already wealthy enough and are not get tempted on smaller pumps but those people have another level of qouta's   . of course that will also depend on the coin that they hold too , if he is only into unrated alts then he will not likely see a pump  , so whats the point of selling it  but he can be stuck  and is only waiting for the right time to sell and leave  .
hero member
Activity: 2632
Merit: 787
Jack of all trades 💯
June 13, 2020, 01:48:21 AM
#87
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.
full member
Activity: 1316
Merit: 104
CitizenFinance.io
June 12, 2020, 06:21:51 PM
#86
This is the best asset to HOLD for long, It will get to a point that getting 1 BTC will be like building an estate and we might still have all time high if we can break the 10k hurdle
legendary
Activity: 2478
Merit: 1951
Leading Crypto Sports Betting & Casino Platform
June 12, 2020, 04:44:20 PM
#85
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.
hero member
Activity: 1722
Merit: 528
June 12, 2020, 03:07:55 AM
#84
right now for me, I still hold Bitcoin, but if the price of Bitcoin falls below $ 9300 it looks like I will sell it,
because the potential for falling down is huge, so be careful

You can't say that since you never know what will happen.

The price might go lower than $9000 but you can't say that it will continuously fall down. The price movement can go anywhere, go lower than that or higher than that and either of them happens, we will never know if it will continuously fall or continuously increase. All I can say is that as long as the price is not that great, I will not be selling it nor use it.
legendary
Activity: 2492
Merit: 1001
Leading Crypto Sports Betting & Casino Platform
June 12, 2020, 02:13:57 AM
#83
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.


I hope, it gets paid in kind. I myself have started to hold and collect assets from 2019 to the present. Well, even though it hasn't been that long, but I'm really looking forward to the high price of bitcoin this year. it's just that I feel that 2021 is the right time to sell it.
legendary
Activity: 3486
Merit: 1055
Leading Crypto Sports Betting & Casino Platform
June 11, 2020, 04:23:08 PM
#82
I think you have made an interesting correlation... I was planning to hold my bit of BTC as I am convinced that it will be going up any day now... these moves are clearly made for people to sell out all their holdings while others fill up their bags to sell on the next surge
Patience... mostly everything is about that
Yes, choosing not to sell easily is indeed a good idea, but not everyone intends to become a holder for the long term and it all comes back to a choice and their main goal. I personally will continue to hold it because after halving bitcoin at least there will be a great opportunity for us to get many benefits in the future.
sr. member
Activity: 1400
Merit: 347
June 11, 2020, 03:37:25 PM
#81
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.

member
Activity: 854
Merit: 12
arcs-chain.com
June 11, 2020, 03:21:02 PM
#80
I think you have made an interesting correlation... I was planning to hold my bit of BTC as I am convinced that it will be going up any day now... these moves are clearly made for people to sell out all their holdings while others fill up their bags to sell on the next surge
Patience... mostly everything is about that
legendary
Activity: 2478
Merit: 1951
Leading Crypto Sports Betting & Casino Platform
June 11, 2020, 03:11:51 PM
#79
Compared to what the fiat will become volatile and why do you think that the bitcoin will be stable at the same time? In addition it is not clear how to change the fact that fiat is legal tender, and bitcoin is not (to my knowledge, in most countries it is considered a asset/property and you can not use it to the payment of taxes for example).

Compared to bread, oil, oranges. You cant print this much fiat without devaluing it. You simply cant.  Bitcoin will not lose value since its yearly emission is 1.7%. there is no logic. Unless suddenly everyone will stop using it.  People will use what will keep value. they will not care of any legal tenders. As I kid I lived in country where inflation was over 100% a month. So people simply spend salary the moment they got it. Or when got out of bank exchanged their whole salary fro other currency. Traders were standing outside of bank to do that. Police did nothing about it, since they needed to change their salary also.  Everything was on sale for that foreign currency. IF you were selling a used car you put price in foreign currency. When you were doing plans in your mind you think them in foreign currency.  It does not matter what a legal tender is. Trust me. It matters what people use.

I know what inflation is - I'm from Russia  Wink
But I did not see the reasons why the government would suddenly stop "printing" money within reasonable limits (any amount is reasonable if inflation is within normal limits). And I do not see a way to avoid this trap: "legal tender." This option makes fiat essential for everyone.
sr. member
Activity: 1274
Merit: 261
★Bitvest.io★ Play Plinko or Invest!
June 11, 2020, 01:29:50 AM
#78
   Did you saw this one: Reddit user almost finds more than 500 Bitcoins he lost! Source of link: https://www.reddit.com/r/CryptoCurrency/comments/gztudo/reddit_user_almost_finds_more_than_500_bitcoins/

   Apparently he can find the hard drive, and maybe we can add this 500 BTC to missing Bitcoins. There
are less Bitcoins in circulation, less coins to be mined, if we don't hold Bitcoins now who knows how
expensive will be for us to buy them again in the future.
   I am holding my Bitcoins, I question some of the alt-coins I have, but never Bitcoin!
 
 
 
 
 
 
 
 
 
member
Activity: 537
Merit: 10
June 10, 2020, 01:46:11 PM
#77
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.
legendary
Activity: 2730
Merit: 1288
June 10, 2020, 09:59:57 AM
#76
I understand you talk about volatility in Bitcoins price.
I am not worried that most merchants dont accept Bitcoin. Bitcoin economy still improves and at some point when suddenly all merchants will want to accept Bitcoin because fiat will start getting volatile a lot. And I am talking about mostly negative volatility. At that time Bitcoin will be here for what it was made for.  

Compared to what the fiat will become volatile and why do you think that the bitcoin will be stable at the same time? In addition it is not clear how to change the fact that fiat is legal tender, and bitcoin is not (to my knowledge, in most countries it is considered a asset/property and you can not use it to the payment of taxes for example).

Compared to bread, oil, oranges. You cant print this much fiat without devaluing it. You simply cant.  Bitcoin will not lose value since its yearly emission is 1.7%. there is no logic. Unless suddenly everyone will stop using it.  People will use what will keep value. they will not care of any legal tenders. As I kid I lived in country where inflation was over 100% a month. So people simply spend salary the moment they got it. Or when got out of bank exchanged their whole salary fro other currency. Traders were standing outside of bank to do that. Police did nothing about it, since they needed to change their salary also.  Everything was on sale for that foreign currency. IF you were selling a used car you put price in foreign currency. When you were doing plans in your mind you think them in foreign currency.  It does not matter what a legal tender is. Trust me. It matters what people use.
legendary
Activity: 2478
Merit: 1951
Leading Crypto Sports Betting & Casino Platform
June 09, 2020, 05:22:15 PM
#75
I understand you talk about volatility in Bitcoins price.
I am not worried that most merchants dont accept Bitcoin. Bitcoin economy still improves and at some point when suddenly all merchants will want to accept Bitcoin because fiat will start getting volatile a lot. And I am talking about mostly negative volatility. At that time Bitcoin will be here for what it was made for.  

Compared to what the fiat will become volatile and why do you think that the bitcoin will be stable at the same time? In addition it is not clear how to change the fact that fiat is legal tender, and bitcoin is not (to my knowledge, in most countries it is considered a asset/property and you can not use it to the payment of taxes for example).
legendary
Activity: 2730
Merit: 1288
June 09, 2020, 03:15:03 PM
#74
The bitcoin price is reason why most retailers won't accept it. Even with blockchain-based transactions that can potentially validate and settle faster than payments on traditional banking networks, the lag in settlement times can still allow for wild vacillations in the price of bitcoin.

I understand you talk about volatility in Bitcoins price.
I am not worried that most merchants dont accept Bitcoin. Bitcoin economy still improves and at some point when suddenly all merchants will want to accept Bitcoin because fiat will start getting volatile a lot. And I am talking about mostly negative volatility. At that time Bitcoin will be here for what it was made for.  
member
Activity: 214
Merit: 10
June 09, 2020, 10:54:03 AM
#73
 The bitcoin price is reason why most retailers won't accept it. Even with blockchain-based transactions that can potentially validate and settle faster than payments on traditional banking networks, the lag in settlement times can still allow for wild vacillations in the price of bitcoin.
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