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Topic: Do you want to live a peaceful life? Without drama? Then HODL and enjoy the ride - page 4. (Read 463 times)

full member
Activity: 1358
Merit: 207
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I will try to follow your strategy to hold like 10 years, if I can be able to get it right in this season because I find it difficult to hold more than 2 years. I think I will use this capital to purchase a huge amount of bitcoin and hold till bitcoin price reach $100k before I can sell to be part among the successful investors in the community. Many people will use this step to be at peace with their long term investment.
legendary
Activity: 1456
Merit: 1108
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I've never sold a satoshi since 2013, actually never sold any BTC. I've seen all the ups and downs, seen them all. I'm very relaxed now because I just HODL and enjoy the ride. Let the weak hands lose, the strong hands will remain.
I don't think those who have sold some of their coins along the way will be happy reading this and seeing that they are have been called "weak hands". Your act of HODLing for long since 2013 is really commendable, but still on... doesn't justify criticizing others who maybe have faced more difficult situations than yours. Some people did not sell just because of the dip which we all know is temporary, some other situations necessitated it and everyone has their thresholds.
legendary
Activity: 2114
Merit: 2248
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I applaud your hands of steel. When you go through different market cycles, the thirll of price increases does not impact you much, neither does the panic of price drops, it's just a series of ups and downs, depending on the season, and the assurance that the price net direction is upwards.

You are a true Bitcoiner among us all. I was first to know about bitcoin in 2015 but unfortunately, I was not wise enough to maintain bitcoin in my portfolio. In fact, life was quite tough for me which forced me to sell all my bitcoin during the 2018 downtrend.
When you need to to do something, you need to. Selling your Bitcoin a times when you needed the money does not make you mad of a bitcoiner, it was something you had to do.
My advice would be to manage your investment and only put in money you would not need in an emergency situation, that way you will not need to panic sell.

This cycle is deadlier than all the previous. Many of my friends are crying about losing money both in Cryptocurrency and stocks.
You only lose when you sell.
legendary
Activity: 2114
Merit: 1150
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I'm not a hodler like you (sold when needed) but I've gotten used to the market volatility from the 2017 cycle. It hasn't been easy but you learn how not to care anymore Grin For those who are panicking, remind yourself that we are just two years away to the next halving.

~
This cycle is deadlier than all the previous.
How so? I think this current drop is still nothing compared to what happened before (90% drop from previous cycle ATH).

Many of my friends are crying about losing money both in Cryptocurrency and stocks.
They must be new.
hero member
Activity: 1204
Merit: 545
You are a true Bitcoiner among us all. I was first to know about bitcoin in 2015 but unfortunately, I was not wise enough to maintain bitcoin in my portfolio. In fact, life was quite tough for me which forced me to sell all my bitcoin during the 2018 downtrend. But things get better now so I am looking forward to collecting some bitcoin for around $25000. Let's hope that I will not suffer from any catastrophe so that I will hold my bitcoin for the next 20 years.

This cycle is deadlier than all the previous. Many of my friends are crying about losing money both in Cryptocurrency and stocks.
legendary
Activity: 3668
Merit: 6382
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I think I didn't even had satoshi in my own wallet even in 2014. So it's an impressive achievement for OP.

But I've done my fair share of holding (not 100% HODL since I've kept some, but also sold some) and I can tell that imho one really get to "enjoy the ride" when the price goes down only after managed to beat a crypto winter and hold for (at least) one full 4-year cycle.
hero member
Activity: 1890
Merit: 831
Since 2013? That's amazing the amount of profit that you could make by just holding is baffling. Unfortunately I do not have extra money that I can hold and therefore for me I have to sell more of what I have from the campaign to take care of everything.

Because of holders like you the whole network is more or so stable. There are more than 50% major holders and whales maintaining the balance against trading. It's amazing how you held onto even after the high in 2018-19. I have known plenty of people who exited from the whole thing after making slightest amount of profit.

Right now there are people already placing bets on :
1. Bitcoin hitting all time high in 2022
I also do believe that it would be the central body around which the whole concept of currency will revolve considering the adversities that the world is facing right now, from pandemic to the war. It's only going to get better.
legendary
Activity: 3234
Merit: 5637
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I've never sold a satoshi since 2013, actually never sold any BTC.

Endure another year and you'll be able to say you've been a holder for a decade Wink

Dips are temporary and BTC will still exist in 2140, remember that, it cannot just disappear.

In the short history of Bitcoin, this has proven to be a fact, but given everything that can happen in 100+ years, the question is whether there will be people at all, let alone Bitcoin. Far from being pessimistic, but when I see what is happening in the world in the last 2 years, I wonder if some super virus will erase us or if some lunatic will do it by pressing the red button.

Go on, make the rich guys richer. They will be happy to buy it from you, but remember, once you give it away it's gone.

It's always the same game, big fish eat small ones and that can't be changed without completely changing the way small fish think, which won't happen in the near future. Yet anyone who sells BTC at any time has the opportunity to buy at any time, the only question is at what price.
legendary
Activity: 1358
Merit: 1093
I've never sold a satoshi since 2013, actually never sold any BTC. I've seen all the ups and downs, seen them all. I'm very relaxed now because I just HODL and enjoy the ride. Let the weak hands lose, the strong hands will remain. Go on and sell your BTC to the big boys. One day BTC will go in the $xxx,xxx zone and many of you will regret selling. Dips are temporary and BTC will still exist in 2140, remember that, it cannot just disappear. Go on, make the rich guys richer. They will be happy to buy it from you, but remember, once you give it away it's gone.

Actually I cannot believe a new opportunity to buy BTC for cheap has been given to everyone. It could be among the last who knows!
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