Topic: Don't forget to HODL your BTC - page 5. (Read 693 times)

Based on speculation, we can claim that this cycle could be slightly more similar to the past cycle. There are a lot of technical/fundamental theorems that can clearly indicate that the price is following up the Ex- cycle. Thus far as I think from a technical perspective, there are too many points that clearly indicate that Bitcoin is highly bullish in the coming days. But anyway, it is speculation it could also be wrong. But it is ensured that HODL will be better until the time comes to get some profit.... 

When the bitcoin price fail many people then wait for further declines because they think that the price of Bitcoin will go deeper and thus they fail to invest. so every investors should have a price target that When the price of bitcoin starts to fall they start buying bitcoin and till their target price they keep buying bitcoin according to DCA method and when they reach their target price they invest their entire fund.  And this investment they will hold for a long time until they realize their goals. then it can bring success

Every person must have their own considerations as to why they invested in Bitcoin and are still holding them since then until now, and perhaps even indefinitely. There are several types of investors and also Bitcoin holders that we often encounter.

The first one is the true Bitcoin holders, the Bitcoin lovers. who believe in Bitcoin, and want to realize the true goals of Bitcoin. Holding Bitcoin in this case is done until an undetermined time, because they believe that Bitcoin is more than an investment asset, Bitcoin is a cryptocurrency that has various benefits. They don't like the banking system and they believe that one day Bitcoin will really find its ultimate goal globally. And the mass adoption of Bitcoin will be much bigger and more widespread in the future.

There are also types of Bitcoin investors and holders who hold or invest in Bitcoin because they want to make a profit. Who knows at what rate they will sell it later, they have confirmed or set the target, and when they have achieved that target, they will take profits to get the expected profits. Whether this will be done in totality over all assets or through several steps.

So, this will depend on the respective goals of each Bitcoin holder. It's just that, fortitude and strength of heart really need to be strengthened in Bitcoin holding ethics. Don't let the whales sell Bitcoin, then there will be a random panic sell and it will actually be detrimental to all of us.

This is because some people get scared when the price goes down. They think it will be the end of bitcoin and buying at that time will only result in losses. If others are scared, then you should see opportunity.

The ideal scenario is you buy low and you sell high. That is how you make profit. So don’t be scared of buying at a low price especially with bitcoin.

I do agree with you to an extent.  I know this is not the most popular opinion and there's a lot of people who argue against this these days, but for me personally, I think it's important to use bitcoin for financial transactions as I still consider bitcoins upside being tied to the use of it as a currency.  Again, I know a lot of people don't agree with me, but I think they're wrong.  I mean bitcoins upside is still huge without it being used much as a currency, but IMO it's twice as big if it is used in that capacity.

Buy the dip then HODL, that is what some of us are doing, be ready for the next bull run, try to bag more while it is at a low price.
There are so many people who regrets not buying it at a low price when the price starts to climb up, but they don't have the courage to buy it when the price drops low.

The hodling is already on ground so it i not a new thing foe people. And why you would have said is that one can sell at the All Time High but not all the bitcoins in the wallet. The person can sell some and keep some. How can someone invest in bitcoin and leave it and die foe their kids. It is better for him to invest for his kids and spend his. I can't starve myself when I have money in my wallet and the same time I can't killed myself when I have money.

Hodling is the best but don't starve and kill yourself because you want to hodle for a long period of time. When you die others will still spend it. They might not even hodle the way you were hodling it. Therefore be wise when you still alive and investing in bitcoin.

Getting a loan for investment is not a good idea itself talkmore of an investment  like Bitcoin .
Not on bitcoin now, but investment are likely to go a wrong direction compared to what we've planned so it not proper to take a loan for investment just because you're after a short term period
Coming to bitcoin,  short term investment in Bitcoin  is a not a good investment plan, however considering getting a lone for it is totally wrong because there's no way to predict when there will be a pump to convert your loan....
Bitcoin investment already brought a flexible strategy which is DCA strategy which give flexibility in how you buy BTC for a long period of time which means you will be holding...

This kind of post makes many people to believe that a bull run period is over. Maybe the Op is advising people to hold until another bull run season which we don't actually know. I have been optimistic that 70k range is not the highest bitcoin will give us in this season. Bitcoin should atleast break the 100k target that it was unable to break last bull run.

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Talking about HODLing, it is not what some needs to remind anyone. We all know that DCA and Holding is the best method to invest in bitcoin, but the real matters is if we have the patience and emotional strong to hold amidst market controversies. HODLing is not a thing of saying, it is an action word that is being accompanied by many things. You can't be holding while someone close to you is needing a serious medical attention.

If you are sure about that then the best move would be to sell, then wait for the price to drop, and then buy more, that's a successful trading move.

But markets are unpredictable, even if whales are about to sell we can't know how many people is about to buy, and some times the buy orders are bigger than the sales orders from the whales, and that could make the price go up.

Holding is the right move for those who are here for the long run, if you can hold for some years, then you will see a nice profit for sure.

It's not all people's have mind to hold a Bitcoin to an extension of a higher price. Why I said it is that some of the investors we're seeing don't have their own personal capital, and many of them go into the microfinance bank to take a loan just for them to invest in Bitcoin or some of the coins. They don't know anybody who really wants to hold a bitcoin for a long period of time he doesn't support deals with loan money.

What if the duration of time they give you from where you take a loan has reached and by that all the coins you purchase there have dumped dowm all? That's why it's not advised to take a loan to invest that's that's the big risks. The best advice is to invest with the amount of money that you can afford to lose.

Yeah bro. Me typing on the internet is "forcing". 😂

Wanna talk about forcing? I felt forced to change my OP because of the way some users responded. How about that? 🙄

Many people like to go on social networks and give advice to others, but when bitcoin corrects or the market plummets, they are the ones who are impatient and sell their bitcoin the fastest, LOL.

You're right, it's a lot easier said than done, and I don't believe the OP or anyone else can hold on to bitcoin until we're old, let alone inherit it to grandchildren. Most people invest in bitcoin, the main goal is still to make more money for their life, and we check the price every day and expect the bull season to come as soon as possible. So it's hard to believe someone who says they won't sell their bitcoins during the upcoming bull run and will hold on until death.

Oh! Didn't know about this. I changed my OP to just say self-custody and cold storage. Shouldn't be naming brands anyway when talking about something so broad just as HODL.

🧡

Also,


I made the appropriate changes. Yeah, fiat won't go anywhere but it could be less popular than bitcoin one day!

Right? 🤞🏽🧡

Holding is not just easy the way you are saying it, lots of people are planning to hold their bitcoin, but they are just finding it difficult to hold. You are asking people to hold their bitcoin, but I don’t know if you are holding some bitcoin or not.

I don’t understand what you mean by this. Do you mean people should keep on holding bitcoin and should stop making use of fiat currency or what? If that’s what you mean, then you don’t even know why bitcoin was created. Bitcoin was created to serve as an alternative payment method and not to kill fiat currency. If we will be honest with each other, we should know that bitcoin can’t kill fiat currency, the government will do everything possible to stop that from happening, so don’t even think people will stop using fiat currency.

If this statement “Whales are going to start selling like last cycle.” then it will be economically to sell for now then just buy back after the whale sold their holding for a better entry.

You already have a chance to increase the Bitcoin quantity that you can past to your grandkids while you still have a lot of time to accumulate more Bitcoin. I think the passion of owning Bitcoin as a must is the most important thing to consider since there’s a perfect time to settle down with your holdings and at the same time we still have time to accumulate more through perfect buy/sell opportunities.

Well said, OP. But your point is misleading you thinking fait will be out of existence is an illusion, no matter how far the world develop fait will still be in use, guess you understand that we can't do anything about that.

Holding has been and is the best approach when it comes to Bitcoin Investment, we need to have patience and as well keep accumulating with a long term goal, and after that you choose what you do with it, not about giving to grand kids or freedom as you say. It the profit, the return that can give one the freedom.

Do you think some of the today investors are here for this?
They are mostly waiting for a pump to sell off everything they are holding; only real investors with stable source of income hold for that long range you are saying.

There are good people that save all they have to save in form of Bitcoin, they don’t care whatever the price they s, they use DCA to buy whenever they have spare money with them to save. They believe in Bitcoin and those ones can keep Bitcoin and leave it for their kids and grand kids to inherit.

I believe OP meant don't start to sell when the price will go inevitably down which has always been the case during the summers and be prepared to HODL it until at least a new all time high,the last all time high was never reached although Bitcoin in the last cycle come up near it,it was at the same level.I read this post as do not sell in this upcoming sell cycle and wait a bit until the next bull run which many predict to be at least 114.000 dollars for one Bitcoin.

I agree then,it is everyone choice if they want to sell or not sell,that is a free choice anyone can make or not make,we should not judge anyone.

If they start to sell and I hope that you've got the silver tongue on this one, I think that I'll probably empty out the spare money that I have in my bank account because I know that it's a trap and selling would be the worst thing to do, trying to surf the waves that a whale would make is disastrous, much better to wait a bit and see where the market goes, I mean most of the time when it's whales, the outcome is almost always the same. Pro tip to newbie hodlers, if you've got a goal with your bitcoin investment, it will help with your mindset to be clear and focused on how you will sell or buy your bitcoin, that way, you're not those mindless sheep investors that will move the wrong way or will move depending on where the wannabe market manipulators want them to move.