Topic: Don't panic just hodl - page 3. (Read 826 times)

Exactly that's the tradition wen price go down e go surely go up back . We nor just expect the price to just dey go up without any dip or any corrections. Like now few days to go before bitcoin halving alot of individuals dun dey set their reserve funds down wey dem go use tey purchase the dip that day . So now nah the time to dey set funds down for buying the dip and also continue with our DCAing because nah this time we get to tey purchase Bitcoin has the price go come down, because after the halving nah surge the price go surge and most of us here believe say at that time nah beyond $100k nah bitcoin go aim . So make we nor missed this life changing opportunity of this upcoming bull run . The funny thing is that many will still endup selling their coins during the dip because of the half-size knowledge they have about this crypto space. Like many folks wey dey hold nor even understand the whole system of Bitcoin halving . Well still we hope for the best.

Lets face reality ignoring the downtrend of Bitcoin is very difficult unless you understand how the system works, Bitcoin is a volatile asset I know but how many people understand this fact, every situation that happens in bitcoin was meant to happen, there is time for everything  but uncertainty must take place because of market speculation, there period when people withdraw some amount of their Bitcoin due to some amount of profit made so far during the hofling period, sometimes people withdraw because of speculation of possible drop in the price of Bitcoin but i advise that the best time to invest is when the price is dropping as you said but how many people can endure this, it is not easy for a business man to notice that his investment is depreciating and still keep investing more funds into it, it takes a great mind and someone who is conversant with the market to do so.

The obvious fact be say when bitcoin dip, it will recover and pass even your previous buying price to get another ATH but the thing be say people dey fear say make the value wey dem get no run down. Like currently now some people don dey count loses say dem for sell at the time wey deir coins rise and their wallet look good. Usually investors like to see say price go just dey go up and not down but that is the tradition say price must go down and must come up. This week we go hit another halving and yes price fit begin run go down but definitely it must go up at a time this year later after the halving, so to hodl no be foolishness . If you want to sell you may be selling at a very ridiculous cheap price.

Well I was once like that , the one that always panic whenever there's any slight dip in market. And such act haven't done me any favour but cause me losses . Like then when Bitcoin was around $15k I sold mine due to fear that it may continue with its dips instead of buying the dip , but now look bitcoin hit a new ATH $73k just imagine that I didn't sold mine back then I just kept on holding and accumulating till now may be I would be in a better profit now , but due to panic let such live changing opportunity passed me by . But that have some good knowledge about Bitcoin I can proudly hold. And whenever there's any dip I'm always excited because I would be able to buy the dip using any convenience strategy for accumulating bitcoin.


Yeah you're right, but the reason I don't encouraged such act of someone selling their holdings with the mindset buying back, because one may not have the chances of buying again at that same low price or even lower. Like for instance an individual bought bitcoin around $20k and sold it around, let me say $60k . If Such individual want to buy again he or she might not be able to buy at the price range of $20k again. So is more better for those that have gotten some nice quantities of Bitcoin for themselves to take profit instead without selling all their holdings than someone that's new in his Bitcoin accumulation (using any strategy expecially DCA ) that haven't gotten enough or much quantities to think of withdrawing or taking any profit , if he or she Is in for something big in holding for long .

No matter how many times we have been through same scenario still the people will panic sell though they knew that the price will rise back but it's not that they don't have any strategy or they are in for short term profit and cannot be involved with Bitcoin for longer period of time. I have seen people saying stuffs like they are waiting for dip to buy but they don't and instead they end up selling their hodlings. I think one must know the basics of Bitcoin before deciding to invest into it.

No matter what you do to advise newbies not to be panic in the bear season, they will surely be panic to make some people who don't have the knowledge of BTC to think that BTC will not rise again,  not knowing that is the season to accumulate BTC in their wallets.

 Selling BTC at this new price in the market is not a good idea because the price has dumped to $65k, which it will not allow their hodlers to make a good profit like those that market their BTC when the price was still in $70k few days ago, which is the bull run you can advise people to sell to earn profits from the market.

If you have it in mind to buy when the bear market occur, I guess the season will soon occur because the red light is about to be stable for the price of cryptocurrencies to dump for people to know that bear season is taking over the market soon.

The only thing you can do in situations like this is to ignore when the market is down; that is the only thing that can help you reduce anxiety when ever the market is down. If anyone is actually very familiar with bitcoin, then situations are not supposed to be a problem. In fact, this should be one of the worst markets in history. We are aware that the market will eventually rise again, despite its inevitable fluctuations. Additionally, while you monitor the market, if you discover that the price has dropped, you may take advantage of this and buy more. If you have money on hand, taking advantage of the price decline will also increase the amount of assets you own. And Bitcoin will be unmatched for other coins. No matter the situation on ground just hold own to your assets your profit day is coming.

You might be right but what can you actually say in a situations of short term Investors who hodl til the bitcoin market cap was $75,000 and at the moment we're experiencing below $66,000 and while we expect the halving to come to a slash of bitcoin values, meaning to say more dip far below would strike bitcoin market.
Meanwhile those of Short time investors are emotional broken because they're already regreting why they never sold when the bitcoin price hitted the ATH while trying to consolidate with their emotions, the price keep on depreciating.
So at such cases, do you advice such investors to sell or keep hodling meanwhile they could watch the value of their assets falling which their emotions might not be able to console it further.
So do you advice they should ignore the price and assume all that are just drama's and hodl until the bull run? Because at at time like this,such categories of investor would being doubt to buy and accumulate more.
I think the best they could do is to hodl rather than buying to accumulating more due the the state of their emotions.

You can as well check this out and air your views too.
https://bitcointalksearch.org/topic/--5492874

Yes, it's true you don't need to blame people if they sell their Bitcoin when it's price is falling dip, but rather you should blame them if they fail to buy back after the price of Bitcoin has fallen more dip, so as to be able to ripe more profit when it's price skyrocket back, because normally that has always been a strategy people operate via the  (i.e Dollar Cost Averaging) method. However, the dip Bitcoin just experienced is a clear indicator for the Bitcoin halving,

But nor be many people know dis one but Thank God for better knowledge way don dey spread for naija, many people even outside BTT for naija dey shout by the Dip, e nor be like 2020 wey many people go for Don quickly dey sell bcos they one cut lost.
All these crypto speculators people nor too send them again like before many of us don know the truth for naija say na HODLing win am  


Be like say na the Israel and Iran cause dis dip but me dey Thank God bcos as I dey now with my knowledge I go like see bitcoin even go around $30k so that I gain more and even if e nor fall go that price I go still dey accumulate bcos I nor be Dat gullible person of before wey market speculators fit persuade wey sell e coins during FTX crashes for loss. Now my eye Don open, I don wise.

Why person go panic? If anyone go panic sef na for people wey no actually know what's up about the market because if you dey well aclined about the volatility of the crypto space then all this panic no go really affect you. Some persons dey call am the perfect and wonderful to buy more bitcoin because the dips is best and when you buy for the dip you get a large portion of Bitcoin than when the price is high.

That yesterday dip pain me because I no get money buy more coin, I just dey look as everywhere dey red, but e no bad Sha, another dip go come I go dey prepare keep for that one. How you go buy coin, then after dip you will decide to sell? You don dey at lost already you no suppose sell now, na hold you suppose hold am. For crypto make you know say time go come wey coins go come down, and if you fit hold am e go still go up, so nobody suppose dey panic if coin dump now. I know say e no easy make you dey check your wallet make you see say you dey at lose, but if you get patience e go bounce back.

If you be investor, you suppose dey keep money separate for dis kin dip, incase if dip happen any moment, you go fit buy more add to the one wey dey your wallet already, dip na opportunity to accumulate more at a very cheaper price. If coin dump, some people go dey fear to buy because dem go dey reason say e go dump more, but make we know say we no fit see coin at the lowest price. Na why some people dey take miss opportunity.

Their is always one funny thing about the dip and some investors and the matter be say when Bitcoin price dey up people go dey complain say make e come down but immediately the price come down sef some scared person go still dey complain say the coin don too drop say dem dey fear make e no come get K-leg where as Bitcoin himself don prove for countless times say e come here to say and all this dip dey part of the market lifestyle.

Anybody wey know wetin de for Bitcoin matter go understand say wen di price de dip na dat time e de sweet pass to de accumulate more, so di dipper di price di better to de buy more, if you get di money. You de correct to reason say some investors wey no get surficient knowledge fit liken Bitcoin to dos scam projects wey be say if dem begin to de dip, no hope for dem to pump again, but Bitcoin don proof im reputation over di years say even if im price dip eventually e go pump again and e go de hit new ATH for every bull run, dat na why e de important to de hodl on long term basis.

I think any body that sells in a slight dip is a person that bought it when the price was high and sell when it is low in other not to incure more loses and people who intend doing such are traders and not HODLers because investors or holder are not in much in rush to sell rather take advantage of the dip and accumulate more. That is why DCA still remain the best, because buying on each dip make a person confuse on when to buy but DCA doest care about that.

It's only a newbie in the world of cryptocurrency will compear bitcoin to shitcoin. Shitcoin is just shit as the name implies. So we should be more careful on the type of coin we buy, hoping to get a good result in return
 Sofar Bitcoin is the best coin in the world of cryptocurrency. From the first halving to the last halving it has created new ATH each and the 2024 halving we equally manifest it own. And no other coin has done what bitcoin has done and that is why it still remain the best of all. Just but and HODl.

No be for only dip and HODL we go dey talk about holding make we also carry am come local Board

Well yesterday Bitcoin literally experience some dip , and I was excited ( because I see it has an opportunity to get myself some good quantities) while some individuals was out there selling their holdings, due to the dip which initiated some panicking. But I won't blame them though , because most people are just new in this space without any solid knowledge on how things work here , so due to that at any slight dip they would quickly sell with the fear that the dip may continue.

Even though at any chances the dip continues, it means you just got more lucky to buy the dip accumulating Bitcoin when there's decrease in prices. The reason most people do panic and endup making the wrong the decision, is because they have this habit of comparing bitcoin to other shitcoins they may have encountered, with the Idea that Bitcon may not recover from the dip like other shitcoins that experience dip without recovering back . Well the truth is that bitcoin ain't like those coin despite the dip bitcoin will always bounce back stronger.

So this is the time to keep holding and the same time  keep accumulating more bitcoin, and this is the week Bitcon halving going to take place, so this week may be bearish for some time, but still use it to your advantage in accumulating more bitcoin. And not selling your holdings. We are in the fourth cycle and base on recent events this cycle is going to be unique from the others (in a better way) and this the same cycle Bitcon ETFs got approved for the first time. And  Bitcoin also hit a new ATH before the halving , so this shows that Bitcon going to surge massively even more than we expected, (though there are no guarantees) , this upcoming bull market After the halving, is when alot of people will go to bed broke and wake up a millionaire. So what am just trying to say is don't panic just hodl.