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Topic: Continue to Hold your bitcoin - page 6. (Read 1504 times)

sr. member
Activity: 1638
Merit: 300
June 05, 2020, 06:25:47 PM
#32
I'm holding bitcoin with 80% of my investment. And with other 20% I'm trying to play around and make some profit. Also watching the price of bitcoin to fall down. So that I can buy some more Bitcoin in lower price.  Wink

I am doing the same. The op also says that it might just drop at any moment but I don't think it will be that scary at all. Investors will immediately take advantage of that droo and eventually, it will just go back to the normal price in a small period of time. Also, it is really favorable for a lot of investors.
hero member
Activity: 2828
Merit: 518
June 05, 2020, 06:06:50 PM
#31
It is to say that Bitcoin might it drops hard at any moment but I don't think it was a worrying moment to come and we should have to be panic. Even it dump hard but it doesn't mean that we are in the near end. It eventually rising up back high again as the scarcity started and it turns to the increase in market demand. May we find out that only a few of bitcoin holders are selling this time, this it means that more people are holding it and patiently waiting for the Bullrun.

It is the risk of holding unless it is worthless coin but believing Bitcoin will still survive and could recover any time, I better to hold it rather than to sell. The halving effect will come sooner and I know that many had to believe that the trend will be changing.
hero member
Activity: 2968
Merit: 687
June 05, 2020, 05:32:51 PM
#30
I'm holding bitcoin with 80% of my investment. And with other 20% I'm trying to play around and make some profit. Also watching the price of bitcoin to fall down. So that I can buy some more Bitcoin in lower price.  Wink
Same, I'm waiting for Bitcoin to drop at 5-8kk USD so I can literally make a huge profit when the new ATH occurs. We can also buy at the mark of 8k USD since bitcoin is trying to resist on the 11k USD mark right now and might occur a bull run.

One of my regrets that I didn't bought bitcoin on the early 2020.

One of the biggest mistake and regrets everyone has made so far this year is when we didn't able to buy during the lowest price mark of Bitcoin last March, which I remember It drops almost $3,900. Though I bought some fragments at around $6,000 level, but still I consider those people who buy at the lowest very lucky.
Some might have sold their Bitcoin when it hits the $10,000 resistance level, but IMO holding it for a little more might be wiser because we're definitely approaching the bull market sooner or later next year.

Lucky indeed but if the price drops more then those people who purchase or buy into that certain time would really be on losses and still holding as of this day.

People do have different set of goals neither they would sell for short time or going to hold like forever.We do already know its potential thats why its no surprising that lots of people been holding

for now but actually the main idea on why bitcoin is being created is for the sake of new payment system which do means it should really circulate but people are doing the opposite

but well i cant blame them of.
hero member
Activity: 2716
Merit: 552
June 05, 2020, 05:25:53 PM
#29
I'm holding bitcoin with 80% of my investment. And with other 20% I'm trying to play around and make some profit. Also watching the price of bitcoin to fall down. So that I can buy some more Bitcoin in lower price.  Wink
Same, I'm waiting for Bitcoin to drop at 5-8kk USD so I can literally make a huge profit when the new ATH occurs. We can also buy at the mark of 8k USD since bitcoin is trying to resist on the 11k USD mark right now and might occur a bull run.

One of my regrets that I didn't bought bitcoin on the early 2020.

One of the biggest mistake and regrets everyone has made so far this year is when we didn't able to buy during the lowest price mark of Bitcoin last March, which I remember It drops almost $3,900. Though I bought some fragments at around $6,000 level, but still I consider those people who buy at the lowest very lucky.
Some might have sold their Bitcoin when it hits the $10,000 resistance level, but IMO holding it for a little more might be wiser because we're definitely approaching the bull market sooner or later next year.
legendary
Activity: 2226
Merit: 1086
duelbits.com
June 05, 2020, 04:39:58 PM
#28
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.
Are you sure about this? Do you get any data from valid sources or do your own research?
If it is true, it may be a good sign for the holders to keep the Bitcoins. Even no guarantee for a big bullish later, it potentially has higher demand because some people still expect the impacts of halving at the end of this year or in 2021. As long as halving can rise positive perception about Bitcoin price on the market, I am pretty sure that we have a chance for another potential bullish. IMHO
full member
Activity: 868
Merit: 185
Roobet supporter and player!
June 05, 2020, 04:24:52 PM
#27
Holding bitcoin for a long term is good. The fact that bitcoin doesn't exceed yet its ATH, you can still hold bitcoin. However, it may take a year or more. It is also risky to hold bitcoin because it is volatile. It may goes up and down rapidly as well. If you are really supporter of bitcoin then I think it is better tl buy and hold it right now.

Another one, buying bitcoin depends upon our entry point. Imagine those people who bought at 19K dollars, even they hold it till now they won't even get their 25% of their capital. That's why technical analysis is important.
legendary
Activity: 1778
Merit: 1009
Degen in the Space
June 05, 2020, 04:23:06 PM
#26
I'm holding bitcoin with 80% of my investment. And with other 20% I'm trying to play around and make some profit. Also watching the price of bitcoin to fall down. So that I can buy some more Bitcoin in lower price.  Wink
Same, I'm waiting for Bitcoin to drop at 5-8kk USD so I can literally make a huge profit when the new ATH occurs. We can also buy at the mark of 8k USD since bitcoin is trying to resist on the 11k USD mark right now and might occur a bull run.

One of my regrets that I didn't bought bitcoin on the early 2020.
sr. member
Activity: 2044
Merit: 314
Vave.com - Crypto Casino
June 05, 2020, 04:18:25 PM
#25
Many says holding is not good at all but for me when it comes to bitcoin, I should be more happy if I keep holding on it until bitcoin makes a new all time high simply because I believe on its technology and I know the demand will increase later on and bitcoin will pump again.

I'm holding bitcoin with 80% of my investment. And with other 20% I'm trying to play around and make some profit. Also watching the price of bitcoin to fall down. So that I can buy some more Bitcoin in lower price.  Wink
I’m also waiting for bitcoin to make a healthy corrections so I can still buy a cheap bitcoin, we should be more patient for this one cause we might not be able to see bitcoin below the price of $8k again.
jr. member
Activity: 41
Merit: 4
June 05, 2020, 03:22:55 PM
#24
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.

Correlation is not causation.
That's not an assumption you can make based on your data.

This just means there is a connection between these two events. But one does not cause the other.

True, another important factor to consider right now is the pandemic itself, will the pandemic translate in a net gain or net loss to the cryptocurrency sector? Is actually a bit hard to tell. I've actually been seeing more and more that the current pandemic has brought changes in regulations for crypto, not all positive, but also not all negative, so it's really hard to gauge the many factors at play.

This article talks a bit more about the regulations that have changed thanks to covid, in case you're interested: https://dailyhodl.com/2020/04/25/bitcoin-as-a-legal-financial-instrument-and-tender-how-covid-19-is-changing-crypto-regulations-worldwide/

Either way, only time will tell for sure. We can only speculate for the time being.
full member
Activity: 560
Merit: 180
I'm Matured Now
June 05, 2020, 01:44:22 PM
#23
I'm holding bitcoin with 80% of my investment. And with other 20% I'm trying to play around and make some profit. Also watching the price of bitcoin to fall down. So that I can buy some more Bitcoin in lower price.  Wink
full member
Activity: 910
Merit: 100
elysian.finance
June 05, 2020, 01:26:14 PM
#22
yes, that's what we should do to keep holding and storing the bitcoin that we have today, fortunately for someone who has bought bitcoin when lowering the price to around 3500 $, And still holds it today and still keeps it, because I too have speculation that bitcoin will raise the price at a higher price rate and it will certainly surprise many people, so investing in bitcoin for the long term is the best choice.
hero member
Activity: 1708
Merit: 651
SmartFi - EARN, LEND & TRADE
June 05, 2020, 11:59:32 AM
#21
Cryptocurrency investments are quite different from other investments because the speculative nature of the market is too strong here. Volumes are everything.

The whole market depends on bitcoin right? This means that a “weather” uncertainty factor is added to the main factor, such as technology, team, marketing and other things, depending on where bitcoin will go, which in turn is subject to manipulation by exchanges. In total, we get an extremely ambiguous environment in which you can quickly get rich and lose everything.

And as practice shows, more often you will hold the tail of unluck in your hands.
legendary
Activity: 2338
Merit: 1084
zknodes.org
June 05, 2020, 01:19:28 PM
#21
Holding bitcoin becomes an excellent choice in the long run. The price of bitcoin is currently growing. Continue to hold Bitcoin and always add to the collection of bitcoins that have provided many opportunities to be able to enjoy the success of bitcoin in the future. Maybe the risk to go down and and other risks is quite high, because the price of bitcoin is indeed very volatile. I hope that more mass adoption of BTC will make BTC more known and widely used, so that the price will continue to rise above the estimated price I want to achieve.
full member
Activity: 1442
Merit: 153
★Bitvest.io★ Play Plinko or Invest!
June 05, 2020, 12:27:52 PM
#20
The increase in demand is yet to come. It's too early to assume that the demand is increasing because the halving just came in. But in the long run, we'll see that the demand will increase. Each year that's coming to bitcoin will make it harder to own 1.
Well as you can see on the bitcoin graph, the demand increased when the halving took place. That demand growth is obvious in the first look, and to consider the massive speculation for the halving 2020 it is expected to be that way, the only thing we expected but did not come is the price speculation, literally the bitcoin stays at the range that I though it would be impressively it reached the $10K mark in the month of May, then just days ago of this month. We still can't see the shortage of the supply since the demand is low, but in the future days we might able to see that.

Some are scared because of the potential that many miners will shut their equipment but if it happens, there will still be some of them that will continue to mine. I'm long and hopefully, others will hold too until you can.
Only those miners who carry low-end equipment who does not want to upgrade because of an expense is the one who will be saying goodbye.
legendary
Activity: 1624
Merit: 2481
June 05, 2020, 11:41:27 AM
#19
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.

Correlation is not causation.
That's not an assumption you can make based on your data.

This just means there is a connection between these two events. But one does not cause the other.
legendary
Activity: 2982
Merit: 1028
June 05, 2020, 11:08:54 AM
#18
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.
I have no reason to sell out my Bitcoins because all my funds had been sitting in my Folio for some times and i am willing to wait more.
And besides there is nothing to lose because all my Money inside this market is amount that i can afford to lose .

hero member
Activity: 2128
Merit: 532
FREE passive income eBook @ tinyurl.com/PIA10
June 05, 2020, 10:57:56 AM
#17
Well, fighting whales will be a tough task and I wonder if we will ever be free of whales. Imagine being able to trade without any manipulation? will that day come? There was a day when I was making a trade, I bought it for the price of  $10200, and the price went up to $10400, I confess that I was satisfied and went to make tea, when I came back I saw a big red candle and the price had dropped to 9700 $ and kept falling. I had not put Stop - Loss and I was thinking: "how the hell did that happen in just a few minutes?" it was just me going to make tea for the price to fall a lot

You're playing on leverage? How much did you lose?
legendary
Activity: 3164
Merit: 1127
Leading Crypto Sports Betting & Casino Platform
June 05, 2020, 10:54:48 AM
#16
Oh and Bloomberg is back to making more predictions and this time it made a prediction that I think ETH fans will not like:

Bloomberg: Only a Matter of Time Before Tether Overtakes Ether as #2

as I said:

Who knows in the future we will see Mr Tether in second place Grin

and today Bloomberg predicted that Mr. Tether could take second place. It seems to me that the competition has already started and we will see in the next 5 years that it will be the winner between ETH and SR. Tether

Well, anything tradeable is never speculation proof. Some fat whales can just turn the tides whenever they feel like it. Peasants like us can only go with the flow.

Well, fighting whales will be a tough task and I wonder if we will ever be free of whales. Imagine being able to trade without any manipulation? will that day come? There was a day when I was making a trade, I bought it for the price of  $10200, and the price went up to $10400, I confess that I was satisfied and went to make tea, when I came back I saw a big red candle and the price had dropped to 9700 $ and kept falling. I had not put Stop - Loss and I was thinking: "how the hell did that happen in just a few minutes?" it was just me going to make tea for the price to fall a lot
member
Activity: 1162
Merit: 58
June 05, 2020, 10:42:44 AM
#15
Don't worry ,I am still holding all my Bitcoins until Now.
hero member
Activity: 2128
Merit: 532
FREE passive income eBook @ tinyurl.com/PIA10
June 05, 2020, 10:42:02 AM
#14
All of these is predict, please do not fomo the people. Do you remember the time when bitcoin went down when it was at $ 6,000 - almost the same as its mining price and after a little time, it fell to just over $ 3,000 in 2019? All indicators are predictive and uncertain. Prices are decided by the market, so you can lose money if you invest in this market without having experience about it.

Well, anything tradeable is never speculation proof. Some fat whales can just turn the tides whenever they feel like it. Peasants like us can only go with the flow.
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