People could sell their coins anytime they want, I would not be bothered by it. I have always had the same type of understanding of the market and I will always have the same one in the future. The only problem would be some top 10 coins not being top 10 in the future like previously, but it would impact like 30% of my portfolio and that's it. That is a bad hit to take and I wish to not take it, but if I have to then I will, nothing else I could do.
However, there is a fact that if people keep on selling more and more, that will usually end up with me getting more profit and I am not bothered by it. I mean getting it at the bottom is the first rule of getting richer.
Topic: Get ready to SODL (Read 1733 times)
what is the point of holding without encashing. The answer is, it is like trying to maximize the benefits we could enjoy out of bitcoin investment. It does not mean that you should not sell your bitcoins at emergency situations but just for the reason of buying pizza, do not sell your bitcoins or just for the reason of bitcoin reached $100k, do not sell your bitcoins.
That must be a convincing point to me as well because people who rushed to encash their bitcoin investments, deeply regretted later on. When you are confident about the future of bitcoin investments then you never need to get ready to sell off. In recent times as per this community, many people started showing interest on swing trading like selling around ATH and then buying back at bottoms.But, predicting market directions and trends are not that easier one which is the reason why people do always suggest about long term holding for better returns.
The last year's trend must be one good example for this scenario. We all expected bitcoin to have another 10x rise but bitcoin market showed only 3x from 2017's ATH. So, selling off for any reason like swing trading or anything similar to that is highly NOT recommended as it may lead to regrets in most cases.
Even we are the true adopters of bitcoins by opting for long term holding, I guess with the help of some active trading, trying to maximize the number of bitcoins that we are holding is not a big deal but limited to our skills and risk management.
Successful investors must dare to hold, the hot world situation because of the war russia vs ukraine makes me optimistic to use and hold bitcoin, if the war doesn't end soon i'm sure the price of bitcoin will soon skyrocket to $100k because of the increasing demand and this we can do look at the daily transaction volume.
Holding is not a problem for successful investors, they are already a pro on this but if there is one that must dare to hold that would be the beginners and the novice cryptos users. They are new here and they cannot control their emotions properly but they can get distracted easily by what is happening around them and they think it can affect cryptos.In which country are you living? You are more eager to use bitcoin during the war than those people that are from affected countries. You're making us proud keep it up mate even if there will be no wars but please don't hope that war won't end just because you think this war can push the price 100k, lives are still more important.
That is the thing about bitcoin, you can look at it from any direction you want, and you would be right for your own perspective. If you want to see the Ukraine side where the whole globe got together and helped them, allowing them to get a lot more needed things, save lives, medicine, even guns if they have to protect themselves, or basically food and shelter and safe passage. You can check that part and and think that crypto is an amazing thing. Or you could see that governments are putting sanctions on Russia, and Russians are going over those same sanctions by using crypto, meaning anyone who is not allowed, could just use crypto, os it could be used badly in bad peoples hands as well by the same logic. You can see that, and think that crypto is a bad thing.
It is whatever you make it to be, nothing more, nothing less.
Successful investors must dare to hold, the hot world situation because of the war russia vs ukraine makes me optimistic to use and hold bitcoin, if the war doesn't end soon i'm sure the price of bitcoin will soon skyrocket to $100k because of the increasing demand and this we can do look at the daily transaction volume.
surely it will increase more because those country is now really trying to bypass sanction using bitcoin, so expect there will be an impact soon even the war still not happening.However, i would like to say that better luck next time to those people that have negative views when it comes bitcoin because of that conflict, wherein without knowing that only bitcoin can save them despite of situation.
what is the point of holding without encashing. The answer is, it is like trying to maximize the benefits we could enjoy out of bitcoin investment. It does not mean that you should not sell your bitcoins at emergency situations but just for the reason of buying pizza, do not sell your bitcoins or just for the reason of bitcoin reached $100k, do not sell your bitcoins.
That must be a convincing point to me as well because people who rushed to encash their bitcoin investments, deeply regretted later on. When you are confident about the future of bitcoin investments then you never need to get ready to sell off. In recent times as per this community, many people started showing interest on swing trading like selling around ATH and then buying back at bottoms.But, predicting market directions and trends are not that easier one which is the reason why people do always suggest about long term holding for better returns.
The last year's trend must be one good example for this scenario. We all expected bitcoin to have another 10x rise but bitcoin market showed only 3x from 2017's ATH. So, selling off for any reason like swing trading or anything similar to that is highly NOT recommended as it may lead to regrets in most cases.
I think experience trader must be hold. Actually buy or sell all depends on you,whatever you want. I think anytime you can buy and sell. But when price will be drop then you don’t need be panic because bitcoin price will be increase in futire. Bitcoin is a most valuable coin in crypto market.I hope bitcoin price will be recover soon.
I don't think that your experience got anything do about what you are going to do with your bitcoins. Because, even you are not experienced, you will be preferring to hold bitcoin when you are believing into the future of bitcoin. Obviously you are free to do anything to do with your bitcoins; it can be buying or selling or holding but active traders do buy when bitcoin market seems bullish and they may sell when market turns bearish but true believers of bitcoin will keep buying and holding they never bother about the trend of bitcoin market.You may ask, what is the point of holding without encashing. The answer is, it is like trying to maximize the benefits we could enjoy out of bitcoin investment. It does not mean that you should not sell your bitcoins at emergency situations but just for the reason of buying pizza, do not sell your bitcoins or just for the reason of bitcoin reached $100k, do not sell your bitcoins.
I think experience trader must be hold. Actually buy or sell all depends on you,whatever you want. I think anytime you can buy and sell. But when price will be drop then you don’t need be panic because bitcoin price will be increase in futire. Bitcoin is a most valuable coin in crypto market.I hope bitcoin price will be recover soon.
Besides, if everyone really were telling me to buy the dip, I'd be real, real worried.
You never need to worry about buying at dips when you are confident about the fundamentals of bitcoin. These days people are like you because after watching two cycles of bitcoin, they are believing that catching at the bottom of each cycle is easier but market is always known for surprising us which means you may not be able to catch exact bottom all the time and when you are about to be missing out the bottom of one cycle then buying regularly on available dips is highly recommended to ensure you are not missing out good buying opportunities.Actually, my point was that if fundamentals were what made you confident, then you're buying no matter what or DCA-ing as a habit. Timing to only buy the dips, or getting an entire chorus of Crypto Twitter chime in on buying the dip suggests sentiment or swing trading, which doesn't need any belief in fundamentals. And as I might have mentioned before on forum, I'm happiest when almost everyone else is not. Things just never look bright short term when every influencer is projecting ridiculous rallies and ATHs.
Patience always pays and it is the key to success in the financial markets. If you can hold and survive the bear market, it is likely that you have gone through the hardest time and now big profit awaits you. But again, you need to be strong and not sell in the bear market.
This is true and applies mostly if your investing but for traders, they can work their way earning a profit even in a short period of time and they can still be successful with this if they accumulate the profit that they always wanted. I think only less people have survived the early bears because it was still new to them.If those people have continued their crypto career, most of them are now experts and can now handle any types of bear. For those that have recently entered the crypto scene, surviving a bear can still be hard for them but they can always improved . Nothing is impossible for for a person that is willing to earn huge.
If ETF passes we will go 10,000+
Why would the price climb to 10 K dollars if the ETF is approved .Why are people making these claims.Why don't we stick to reality about the price.The realistic price it could reach is $2500 to $3000 at the max and we still have people calling for $10k . How about a good correction in price if the ETF is not approved,do you think it is possible. 
this aged well
my initial post as well (but it was about profit taking, not long-term outlook). glad I bought more during the dip.
now I'm sure you are ready to take it out as it took you how many years before tasting your progress.
this prove only one thing that our coin will surely hit the up though sometime took more years than we expected.
so this may serve as lesson to many about how we need to Keep HOLDING for us to make big outcome .
Patience always pays and it is the key to success in the financial markets. If you can hold and survive the bear market, it is likely that you have gone through the hardest time and now big profit awaits you. But again, you need to be strong and not sell in the bear market.
Besides, if everyone really were telling me to buy the dip, I'd be real, real worried.
You never need to worry about buying at dips when you are confident about the fundamentals of bitcoin. These days people are like you because after watching two cycles of bitcoin, they are believing that catching at the bottom of each cycle is easier but market is always known for surprising us which means you may not be able to catch exact bottom all the time and when you are about to be missing out the bottom of one cycle then buying regularly on available dips is highly recommended to ensure you are not missing out good buying opportunities. As always, everyone will tell you to buy the dip.
Not really. I think if you went out there and you did a full census, without seeing the tailored social media content you and I do, it might surprise you to see a lot more fear than optimism. See, we both probably like Bitcoin and want to get more of it, so we're shown other people and opinions that make us feel warm and fuzzy. So we think: oh wow, everyone's telling us to buy the dip.
Besides, if everyone really were telling me to buy the dip, I'd be real, real worried. It's never looked good for sheep in this world, apparently.
glad I bought more during the dip.
Congrats! You made it.Just like anyone else that has missed the 2017 ride and then goes through the 2018 bear. This was just another chance that has passed for the others.
What's next within the next 2-4 years? Maybe we'll get to see the same stories of those that have bought the dip and we'll be back again in here for being grateful for buying the dip.
As always, everyone will tell you to buy the dip.
That is because that's always been the best price to buy and it's during when the price of bitcoin is low.
When you hold and you have extra money to buy, you choose the both things and there's no one gonna limit you on what you must do.
Time for another round of profit taking if we hit 1200$.
very suitable profit taking, but in the future it will probably be much bigger, the resistance is also smaller for the current return of profits, the last one I know is above $1200, if you don't hurry it might get even stronger, because some others will also go up, if you don't hurry market resistance is back on the normal path, not the time now, because in the future it will be much higher, be patient?So probably that OP is one of those investors that too good to be true when there's a good profits already. I mean sell high and buy low again in short term only.
but if given a chance? then surely they will take it for long as i believe like me as capable to take the chance? i am holding long term of my coins .
glad I bought more during the dip.
Congrats! You made it.Just like anyone else that has missed the 2017 ride and then goes through the 2018 bear. This was just another chance that has passed for the others.
What's next within the next 2-4 years? Maybe we'll get to see the same stories of those that have bought the dip and we'll be back again in here for being grateful for buying the dip.
Not everyone knows how to take advantage of the declining price. There could be some that is still patiently waiting till the price goes on a down ward spiral before they buy. It's really up to us on how and when to buy. Again, we've seen a decrease in price today, to $41k and yet investors are not buying because they want < $40k in my opinion. But the question is, can we go down below that price range again or we will have a good bounce again to $45k?
glad I bought more during the dip.
Congrats! You made it.Just like anyone else that has missed the 2017 ride and then goes through the 2018 bear. This was just another chance that has passed for the others.
What's next within the next 2-4 years? Maybe we'll get to see the same stories of those that have bought the dip and we'll be back again in here for being grateful for buying the dip.
glad I bought more during the dip.
Congrats! You made it.Just like anyone else that has missed the 2017 ride and then goes through the 2018 bear. This was just another chance that has passed for the others.
What's next within the next 2-4 years? Maybe we'll get to see the same stories of those that have bought the dip and we'll be back again in here for being grateful for buying the dip.
If ETF passes we will go 10,000+
Why would the price climb to 10 K dollars if the ETF is approved .Why are people making these claims.Why don't we stick to reality about the price.The realistic price it could reach is $2500 to $3000 at the max and we still have people calling for $10k . How about a good correction in price if the ETF is not approved,do you think it is possible. this aged well
my initial post as well (but it was about profit taking, not long-term outlook). glad I bought more during the dip.
now I'm sure you are ready to take it out as it took you how many years before tasting your progress.
this prove only one thing that our coin will surely hit the up though sometime took more years than we expected.
so this may serve as lesson to many about how we need to Keep HOLDING for us to make big outcome .
And I also see the price difference increases in October every year, almost 2x from the previous year and our hope to touch 100k will definitely happen but next year maybe.
To go back up to the price of only 60k people are very grateful.
Whenever the price returns to the highest price, it will not be a problem because it will definitely happen in the future. And if it does get back to $60k this year, that's a boon for us, especially if it can go as high as $100k. So if you really expect to sell bitcoin at $100k or above $100k, you should hold bitcoin more strongly and not be affected by anything, including if the price drops drastically. You are allowed to buy more bitcoins if the price drops drastically. But it is not easy for bitcoin to go back to $60k while the price is up and down many times. To go back up to the price of only 60k people are very grateful.
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