Halving is approacing: HOLD YOUR BITCOINS AND NEVER SELL THEM - page 4.

alisonwonder

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Quote from: carriebee on January 17, 2020, 11:18:20 PM

We already observe the down and up price of bitcoin but until these days I'm not selling it. Although others are in panic when it's declined that they are able to sell it for sure they will realized how worth it to wait until such time of pump happen in bitcoin. Halving is approaching and I think of more growth will happen in bitcoin.

now is not the right time to sell, but buying more for halving is it worth it? I hope it will be the same as 2017. so maybe I will invite some people to invest and become rich in 2021.

Vispilio

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Quote from: merchantofzeny on January 17, 2020, 04:12:52 AM

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That's possible. Maybe if it ever hits 100k use some of it to buy up alts. What do you think would be the likely "medium" alt? It seems XRP is quite popular where I'm at.

I expect TRX to perform very strongly in that role. Transactions are super fast and very cheap. Justin Sun routinely receives some bad publicity on western mainstream media presumably because he is getting robust support from Chinese sources, although he keeps delivering on his promises, and realistically TRX is accomplishing what many other altcoins are struggling to do so in fast and pragmatic ways.

PoS gets criticisms of centralization, but that can be diversified further, and the economics of the PoS system of the Tron Network is already working pretty smoothly.

carriebee

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We already observe the down and up price of bitcoin but until these days I'm not selling it. Although others are in panic when it's declined that they are able to sell it for sure they will realized how worth it to wait until such time of pump happen in bitcoin. Halving is approaching and I think of more growth will happen in bitcoin.

lienfaye

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Even before, im not selling my btc if not really needed, I take profit at times but I prefer to hold and wait until it reach my set target price. Now that halving is approaching many people says not to sell instead accumulate more bitcoin because the price might spike after the said event.

Well im aware of the past history of btc, halving has a positive impact but we cant be too confident that the history will repeat. Nevertheless there's no pain if we believe and follow what some expert says because the price now is showing improvement. It doesnt matter if its true or not as long as you believe in btc because even bull run dont happen this year, there are other opportunity where we can witness it just wait.

TIDOVEE

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Quote from: Lucius on December 31, 2019, 10:02:20 AM

First of all, I have to correct you for the date of the next halving - this is only a possible date, it is not possible to calculate the time period precisely because the blocks do not have a fixed time in which they occur, it is an average of 10 minutes between blocks, and blocks appear at different time intervals (1 minute or 1 hour). So the next halving can happen on May 14, 2020 - but also a few days before or after that.

When you say "holding forever", it just doesn't make sense. You may think of something in the sense that you leave everything to your descendants, but hardly any holder will resist the $ 100,000 price tag. I agree that you should always keep something on the side, Bitcoin has so far awarded everyone who was patient, hopefully, it will be the same in the future.

Quote from: coiningz on December 31, 2019, 09:35:16 AM

Unfortunatly, while you are hodling, you dont have any profits.

This may not be true, it depends on when you invest and when you sell. But if you invest few years ago when the price was under $1000 and just holding, you will still be in profit today. Same as you invest in the first few months of this year close to $3000 per BTC, you will be in more then 100% of profit if you sell today.

Yes, probably it Should have been constructed under speculation. Halving is close by around the suspected period. Real traders doesn't need to totally stop trading but to be strategic about it. Although at this time buying is more adviceable because we have been patient enough to enjoy the good of it. There are some coin you cannot even sell now because they are almost valueless.and the ones the has better value has much more in the future and will be better on HODL.eyes are on them.

outatime1

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It would be really dumb of people to sell this close to the halving. I expect a pump in price from now until the halving. Then the price will pribaly show a small correction before the next big move up to new highs.

angryswamp

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The market keeps moving every day, and if you can take advantage of that moment every day, regular trading will make you earn profits easily, even though the profit is small, but at least you will earn income from your company every day. There's no long-term trading, because it's a holding and saving if you keep a coin for the long term and then sell it. Both have different profit levels and different risks and if you can do both I think it will be better.

buyinbtc

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Yes, you're right that we shouldn't sell bitcoin right now. We've got to hold on to it until bitcoin's half down and the price pumps. And usually people who don't have much time to focus on cryptocurrencies carry out this long-term investment plan. But for people with a lot of time, focus on crypto as their main income. Then it might be wise to do trading I guess as it can bring you some good money.

wxxyrqa

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Quote from: Sadlife on January 17, 2020, 04:56:46 AM

That's basically what im doing im accumulating even with small portions so that i can atleast earn some profit, halving is an event that lowers the rewards of mining and when halving comes the price surges. I wonder if this upcoming halving carries significance towards the price. I see bitcoin has recovered from its 80% correction approximately, so i hope this continues.

In any case, what is happening today in the cryptocurrency market pleases the eyes of every cryptocurrency user. Nevertheless, one cannot blindly believe all the predictions and forecasts of professionals and analysts of the cryptocurrency market, because each of us must remember the risks that exist in the cryptocurrency market. Of course, proposals to keep Bitcoin and invest even more of your personal funds in it sound very tempting, but I believe that you need to adhere to a predetermined strategy, and keep only existing Bitcoins in your portfolio, and not replenish coin supplies at the current price. It may be dangerous.

rdluffy

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Quote from: Betwrong on January 14, 2020, 11:02:59 AM

Quote from: coiningz on December 31, 2019, 09:35:16 AM

Unfortunatly, while you are hodling, you dont have any profits. To get them you should find right date for selling. And i guess, after halving will be right time for that

I agree, "holding forever" doesn't make much of a sense, but if by "selling" you mean selling all of it, please consider the following. In July 2010 Bitcoin price went from $0.008 to $0.08. That was 900% increase. And maybe it looked like the right time to sell, but those who sold everything at the time were regretting it one year later, when the price was $30. Now, $30 looked like a really good price to sell everything at, because BTC went sharply down ending up at $2 level at the end of the year(2011). Yet, it was $266 in April 2013, and so on.

My point is, even if Bitcoin reaches $100k, don't sell everything. Leave yourself an opportunity to become much richer in the future.

You have a good argument
Even if you really want to sell evreything because you are on a big profit for example, it's always interesting to not sell everything and stay with zero cryptos, because what's a good price today maybe it's not in a year or more
I've never sold all my coins, and I always try to have at least some USD and BTC to be in a good position in every market condition

wozzek23

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Only 116 days left now and the price looks like it is around $9k now, do you guys think price will get bigger and bigger until the halving? Can we really sustain this type of bull run until the halving day comes? I want to continue investing into bitcoin because I believe in it from the idealist perspective (it is a better investment than fiat ones) but I also do not want to be caught in a bad situation where price goes up and I buy it then price starts to go down as well, I got lucky so far and I have a decent amount of bitcoin in my wallet that I can actually sell and make a profit right now.

So, do I take the profit and leave and wait for it to go down? Or do I keep on getting more of it with the hopes that price would continue to go up? I am very indecisive right now about that, anyone care to share their opinion?

Sadlife

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That's basically what im doing im accumulating even with small portions so that i can atleast earn some profit, halving is an event that lowers the rewards of mining and when halving comes the price surges. I wonder if this upcoming halving carries significance towards the price. I see bitcoin has recovered from its 80% correction approximately, so i hope this continues.

merchantofzeny

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$8899 as of this moment. I don't know if there'll still be a drop before the halving but it's been rising these past few days. I think I'll keep on holding for now and wait the actual halving before I decide what to do with this.

Quote from: Vispilio on January 16, 2020, 10:22:08 PM

100k / BTC is a very ambitious figure, expect instant massive corrections if price ever approaches near that number...

If that comes to pass, it will have massive implications for crypto currencies in general.
Bluechip companies routinely go for stock splits when their per share price reaches even 4 figures, if they want to keep an active popular demand...

BTC stabilizing even around say 50k USD will also almost certainly lead to at least one or more altcoins grabbing tremendous market share for day to day functionalities like "medium of exchange"...

That's possible. Maybe if it ever hits 100k use some of it to buy up alts. What do you think would be the likely "medium" alt? It seems XRP is quite popular where I'm at.

tsaroz

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Quote from: Aying on January 14, 2020, 10:24:35 AM

If I buy my bitcoin at a drop price then I will definitely hold mine now, but if its not, then it is not the time to hold because you will not get that much profit at halving time. I will probably wait for next dumping, it may be happen? maybe for sure coz we saw a decrease these past few days so it is worth the profit much if we purchase at lower price before halving started.

Bitcoin price is very volatile and there are peaks and trough every weeks. If the price goes below $8K again, it would be a nice price to buy.
But again if we aspect the price to reach $20K around the halving, today's price too would yield more than twice the profit in 4 months.
No other investments could provide such returns.

awik p

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Pepemo.vip

Quote from: Betwrong on January 15, 2020, 10:31:33 AM

Quote from: KnightElite on January 14, 2020, 09:19:56 PM

Quote from: Betwrong on January 14, 2020, 11:02:59 AM

Quote from: coiningz on December 31, 2019, 09:35:16 AM

Unfortunatly, while you are hodling, you dont have any profits. To get them you should find right date for selling. And i guess, after halving will be right time for that

I agree, "holding forever" doesn't make much of a sense, but if by "selling" you mean selling all of it, please consider the following. In July 2010 Bitcoin price went from $0.008 to $0.08. That was 900% increase. And maybe it looked like the right time to sell, but those who sold everything at the time were regretting it one year later, when the price was $30. Now, $30 looked like a really good price to sell everything at, because BTC went sharply down ending up at $2 level at the end of the year(2011). Yet, it was $266 in April 2013, and so on.

My point is, even if Bitcoin reaches $100k, don't sell everything. Leave yourself an opportunity to become much richer in the future.

But the point is are we even sure that the bitcoin can become more valuable in the future like what you said? $100k per each is not realistic, I do not say that trading is better than holding. I'm favor with trading because I'm a trader and not a investor. For me therr are more opportunities in trading than in holding. And we should also be aware that holding requires right timing.

Traders and holders surely have different strategies from one another. I'm sure there are many holders waiting for something like $100k for starting to cash out, while good traders cash out at any peak, and then buy back, partially at least, during a correction.

You are saying that $100k per 1 BTC is not realistic? Well, read or watch something regarding history of Bitcoin. Back in the old days, when BTC was less than $0.1 many were saying that it will never surpass $1, and they were more than confident that $1+ was unrealistic.

the better the development of bitcoin, then the number is possible to be achieved, but indeed not in a short time. about the type of trading I think everyone will have their own strategies. selling at the peak and buying when prices are indeed more profitable, but the risk is also greater than investing

Vispilio

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100k / BTC is a very ambitious figure, expect instant massive corrections if price ever approaches near that number...

If that comes to pass, it will have massive implications for crypto currencies in general.
Bluechip companies routinely go for stock splits when their per share price reaches even 4 figures, if they want to keep an active popular demand...

BTC stabilizing even around say 50k USD will also almost certainly lead to at least one or more altcoins grabbing tremendous market share for day to day functionalities like "medium of exchange"...

otto_diesel

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Quote from: Betwrong on January 15, 2020, 10:31:33 AM

Quote from: KnightElite on January 14, 2020, 09:19:56 PM

Quote from: Betwrong on January 14, 2020, 11:02:59 AM

Quote from: coiningz on December 31, 2019, 09:35:16 AM

Unfortunatly, while you are hodling, you dont have any profits. To get them you should find right date for selling. And i guess, after halving will be right time for that

I agree, "holding forever" doesn't make much of a sense, but if by "selling" you mean selling all of it, please consider the following. In July 2010 Bitcoin price went from $0.008 to $0.08. That was 900% increase. And maybe it looked like the right time to sell, but those who sold everything at the time were regretting it one year later, when the price was $30. Now, $30 looked like a really good price to sell everything at, because BTC went sharply down ending up at $2 level at the end of the year(2011). Yet, it was $266 in April 2013, and so on.

My point is, even if Bitcoin reaches $100k, don't sell everything. Leave yourself an opportunity to become much richer in the future.

But the point is are we even sure that the bitcoin can become more valuable in the future like what you said? $100k per each is not realistic, I do not say that trading is better than holding. I'm favor with trading because I'm a trader and not a investor. For me therr are more opportunities in trading than in holding. And we should also be aware that holding requires right timing.

Traders and holders surely have different strategies from one another. I'm sure there are many holders waiting for something like $100k for starting to cash out, while good traders cash out at any peak, and then buy back, partially at least, during a correction.

You are saying that $100k per 1 BTC is not realistic? Well, read or watch something regarding history of Bitcoin. Back in the old days, when BTC was less than $0.1 many were saying that it will never surpass $1, and they were more than confident that $1+ was unrealistic.

yes holding forever doesn't mean holding till grave. its mean that for years. its writing on OP

Betwrong

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I stand with Ukraine.

Quote from: KnightElite on January 14, 2020, 09:19:56 PM

Quote from: Betwrong on January 14, 2020, 11:02:59 AM

Quote from: coiningz on December 31, 2019, 09:35:16 AM

Unfortunatly, while you are hodling, you dont have any profits. To get them you should find right date for selling. And i guess, after halving will be right time for that

I agree, "holding forever" doesn't make much of a sense, but if by "selling" you mean selling all of it, please consider the following. In July 2010 Bitcoin price went from $0.008 to $0.08. That was 900% increase. And maybe it looked like the right time to sell, but those who sold everything at the time were regretting it one year later, when the price was $30. Now, $30 looked like a really good price to sell everything at, because BTC went sharply down ending up at $2 level at the end of the year(2011). Yet, it was $266 in April 2013, and so on.

My point is, even if Bitcoin reaches $100k, don't sell everything. Leave yourself an opportunity to become much richer in the future.

But the point is are we even sure that the bitcoin can become more valuable in the future like what you said? $100k per each is not realistic, I do not say that trading is better than holding. I'm favor with trading because I'm a trader and not a investor. For me therr are more opportunities in trading than in holding. And we should also be aware that holding requires right timing.

Traders and holders surely have different strategies from one another. I'm sure there are many holders waiting for something like $100k for starting to cash out, while good traders cash out at any peak, and then buy back, partially at least, during a correction.

You are saying that $100k per 1 BTC is not realistic? Well, read or watch something regarding history of Bitcoin. Back in the old days, when BTC was less than $0.1 many were saying that it will never surpass $1, and they were more than confident that $1+ was unrealistic.

SquallLeonhart

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Seriously I’ve gotten sick of waiting for this bull run that people has-been predicting since 2018, it’s really been a long time and it’s starting to like really annoy me. The only reason why I’m keeping up with this is because of this halving that’s going to take place this year, so I have decided to have patience till then and see what’s going to happen.

I have really held some coins in my wallet for a long time. I have even seen people that are predicting there is not going to be any bull run, though I’m not saying there is 100% possibility for same thing that happened before to repeat itself, but I strongly believe that there’s going to be an increase.

rekinthis

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Yeah, you're right at the moment we're not supposed to sell bitcoin. We've got to hold on to it until bitcoin's half down and the demand pumps. So usually people who don't have much time to focus on cryptocurrencies carry out this long-term investment strategy. But for people with a lot of time, relying on crypto as their main income. Then I guess it will be more attractive for short-term investment or regular trading.

Topic: Halving is approacing: HOLD YOUR BITCOINS AND NEVER SELL THEM - page 4. (Read 2548 times)