Halving is approacing: HOLD YOUR BITCOINS AND NEVER SELL THEM - page 8.

Palider

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Quote from: Harriti on January 04, 2020, 07:09:06 AM

Will Halving really make Bitcoin's price soar? This is the question that I have been asking for so many days. I have seen your views but I think it is so unreasonable, why do you force it to increase? Earlier, I also witnessed the decline of Litecoin after halving. So, why do you say Bitcoin will increase this year? I have yet to find any data other than predictions derived from the past. show me what motivates you to buy bitcoin and hold it? What is the value of Bitcoin?

We don't know what will be the price of bitcoins after halving because now is not the same before. That investor is easly believe in hype that bitcoin will increase because of Bitcoin Halving, Bitcoin will increase upto 1 million and many more speculation that in the end are not come true.

Investors now are very smart on this , thats why price of bitcoin after halving will not be really increases futher and breaks the record of all time high in 2017. Now many investors much focus on securing thier profit and this wil prevent bitcoin to increase futher after bitcoin halving.

alisonwonder

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Quote from: Oilacris on January 04, 2020, 05:23:23 AM

Quote from: nasipadang on January 04, 2020, 01:52:01 AM

Everyone is talking halving ... halving ... halving ..., I'm not sure many users are holding at the moment. if many buy and hold bitcoin, surely the market is crawling up, but in reality the bitcoin market is on the sideway.

OK if we look at halving events before this we can see an increase, but is the increase right after halving? we can not just hold it, users must also understand the market and demand for crypto. from technical analysis also that the down trend will occur before halving. so be careful and buy using analytics.

You are right to that presumption yet people do talks about halving and its possible price increase but we do see that the price is still tanking on previous levels which possibly means that majority is still
trying to observe on what are the initial movements or progress that they would see yet they do know that halving is fast approaching.

Im sure that price will surely be known if we do head up a month before the actual event.

You have to look at the chart from the halving before, indeed before and after halving there will be no significant increase. increase after halving occurs it takes about 1 year. so don't be surprised if bitcoin prices are still sideaways, if there is an increase maybe it's a FUD or FOMO

Oilacris

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Quote from: nasipadang on January 04, 2020, 01:52:01 AM

Everyone is talking halving ... halving ... halving ..., I'm not sure many users are holding at the moment. if many buy and hold bitcoin, surely the market is crawling up, but in reality the bitcoin market is on the sideway.

OK if we look at halving events before this we can see an increase, but is the increase right after halving? we can not just hold it, users must also understand the market and demand for crypto. from technical analysis also that the down trend will occur before halving. so be careful and buy using analytics.

You are right to that presumption yet people do talks about halving and its possible price increase but we do see that the price is still tanking on previous levels which possibly means that majority is still
trying to observe on what are the initial movements or progress that they would see yet they do know that halving is fast approaching.

Im sure that price will surely be known if we do head up a month before the actual event.

nasipadang

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Everyone is talking halving ... halving ... halving ..., I'm not sure many users are holding at the moment. if many buy and hold bitcoin, surely the market is crawling up, but in reality the bitcoin market is on the sideway.

OK if we look at halving events before this we can see an increase, but is the increase right after halving? we can not just hold it, users must also understand the market and demand for crypto. from technical analysis also that the down trend will occur before halving. so be careful and buy using analytics.

ice098

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Quote from: Hallmader on January 03, 2020, 11:22:13 PM

Quote from: moviebuff777 on January 03, 2020, 10:41:57 PM

I agree, but I do thinks it’s okay to spend some as ling as you have made a good profit. Otherwise, there was no need to buy the Bitcoins to begin with. If you just hold all of them, then they dot do you any good.

Yes, that is the best thing to do with your Bitcoin. HODLing is encouraged if what you are about to do with your Bitcoin is to sell it for fiat or to trade them with altcoins. But if you intend to use it to buy the things that you want, then it is more advisable to just spend them. That would help Bitcoin more. The rest of your Bitcoins you will HODL.

Actually his suggestions is good if you have another job or sideline besides trading because it is not advisable to store your bitcoins if you dont have another job or sideline coz come to think of it, if you stock your bitcoin or altcoins in your cold wallet, where are you going to get the money for your budget and for your daily needs or your other financial related agendas?

Hallmader

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Quote from: moviebuff777 on January 03, 2020, 10:41:57 PM

I agree, but I do thinks it’s okay to spend some as ling as you have made a good profit. Otherwise, there was no need to buy the Bitcoins to begin with. If you just hold all of them, then they dot do you any good.

Yes, that is the best thing to do with your Bitcoin. HODLing is encouraged if what you are about to do with your Bitcoin is to sell it for fiat or to trade them with altcoins. But if you intend to use it to buy the things that you want, then it is more advisable to just spend them. That would help Bitcoin more. The rest of your Bitcoins you will HODL.

Wexlike

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Quote from: moviebuff777 on January 03, 2020, 10:41:57 PM

I agree, but I do thinks it’s okay to spend some as ling as you have made a good profit. Otherwise, there was no need to buy the Bitcoins to begin with. If you just hold all of them, then they dot do you any good.

Trade them to make more money on the wild swings. It is rather easy to catche these 10% swings as long as you're staying long enough in your position. The market usually comes back. But keep in mind the long term and rather hold your coins, than fiat.

moviebuff777

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I agree, but I do thinks it’s okay to spend some as ling as you have made a good profit. Otherwise, there was no need to buy the Bitcoins to begin with. If you just hold all of them, then they dot do you any good.

k@suy

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Quote from: bitbunnny on January 03, 2020, 10:38:32 AM

I still think that sometimes could be dangerous or at least useless to follow advice here on forum.
They come from different users, with different knowledge and experience and sometimes they don't need the smartest thing to.
To never sell Bitcoin is one of such advice because what is the purpose of jusf indefinetely holding without real use?
Also, I wouldn't expect that much of halving, I think that people dream of some exaggerated prices that don't have much to do with reality

I got your point pal and yes believing into different point of views can put you into danger most especially if you believe in those person's point of view without their own proof that can strengthen their statements that's why you have to be smart in which idea you are picking because there are some false ideas and also there are some correct. People here in the crypto world become optimistic they believe that after the halving season they can earn a huge amount of money because of the increase in the value of bitcoins and the altcoins. Look there is nothing if you will be an optimistic sometimes. If what we are expecting now comes true later then we are lucky if not, still we are lucky because we learn from oir experiences here

bitbunnny

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I still think that sometimes could be dangerous or at least useless to follow advice here on forum.
They come from different users, with different knowledge and experience and sometimes they don't need the smartest thing to.
To never sell Bitcoin is one of such advice because what is the purpose of jusf indefinetely holding without real use?
Also, I wouldn't expect that much of halving, I think that people dream of some exaggerated prices that don't have much to do with reality

redsun114

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You do know that all we are doing now is just speculation, none of us really knows whether there is going to be an increase after the halving next year, we are just saying there’s going to be an increase because of what has happened before. So, we are basically using the last to judge the future, what if things happens to be different this time around?

Also of course, I have seen some experts that claimed it’s not going to be the same, but as you have said, we all needs to keep holding no matter what, but anyone that’s holding Bitcoin should be sure that they are holding what they can risk, don’t just jump straight to it with everything you have because you believe that the same thing that happened before would repeat itself.

beerlover

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How you deal with your portfolio is something only you can be the judge of, do not react to market movements depending on the talks here on bitcointalk, honestly specially bitcointalk because there are so many people who have no idea how things work here and willing to share their worthless and useless opinions on people since there is absolutely no filter and anyone can write anything here, I can start a topic saying "bitcoin will be 100 dollars tomorrow" and no one can stop me or I can do the same with 1 million dollars, both of which has been done before.

Halving is something very valuable for the technology behind bitcoin and it does prevent miners to get too powerful and does have a possibility to increase the price but it is just a possibility and not a must.

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Quote from: buyinbtc on January 02, 2020, 06:04:30 PM

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.

because right now is not the time to sell but buy slowly when it's really cheap, people have been taking bitcoin since last year and now they don't throw it anymore, seeing overnight prices falling below $ 7000 then going back up above $ 7000 in quick time, it shows that the buying trend is strong in the $ 7000 area, they are slowly coming to bring money to buy it at current prices, buy your train ticket now, bitcoin is profitable as a long-term investment Wink

bobitza

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Quote from: coiningz on December 31, 2019, 10:35:16 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 think otherwise! When Bitcoin halves, don't rush to sell. So you have no words. The most appropriate time to sell is to wait patiently for the opportunity to sell at high prices. Don't be afraid when Bitcoin drops, many investors are waiting for you to sell cheap to buy. Entering this market you have to stand firm.

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Quote from: buyinbtc on January 02, 2020, 06:04:30 PM

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.

That's why we really need to be careful when spending our precious BTC here.

I mean there are individuals who loves to trade bitcoin or crypto to make money out of it. But there are people as well who just accumulate overtime hide it somewhere, be it on a hardware or a wallet that they have control over the private keys.

Good for those who are going to hold, because it takes a lot of psychology to really not touch your coins in the next six months and wait for the halving and see how it goes.

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.

darkangel11

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Quote from: coiningz on December 31, 2019, 10:35:16 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

People like you always try to treat Bitcoin like it's a share or a financial asset. Such things have to be sold for profit because you can't go to a store and buy something for 10 shares of Amazon, or a gold bar.
Bitcoin is not like that. You don't have to be a trader to profit. In fact you don't have to sell for fiat ever in your life. You can go to a store and buy something and with the new banks setting up bitcoin accounts soon you'll have bitcoin debit cards. First bitcoin bank is to open in q1 2020.

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Quote from: coiningz on December 31, 2019, 10:35:16 AM

Unfortunatly, while you are hodling, you dont have any profits. To get them you should find right date for selling.

That's why sometimes we need other ways to get profits. I mean not only holding, but we can also try trading to earn regular profits. Holding is mostly intended for a long term investment. It should take for months/years. Surely, we won't hold forever, there is a time to trade assets.

goinmerry

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Might be a bit of good advice but for me, why just hold because there's an upcoming halving?

Whatever the purpose of anyone involved in crypto, it's always a recommended thing to do that as much as possible, always have bitcoin savings at any means. Not just because of its expected high value in the future but because of the advantage.

Don't be hyped because of the upcoming halving that's why we need to saved but be hyped because of what bitcoin can do for us.

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Quote from: shield132 on December 31, 2019, 12:01:24 PM

I have no idea why you have to hold money and never sell them, then the meaning of owning them? If you are billionaire and never spend money from those collected billions, then you are just random guy and not a billionaire and no one knows what will happen around you tomorrow.
Current halving expectation is different from old, I don't know why because in past we had huge rise and today we should have even higher expects but the problem is that price doesn't show any promise as for now and it's not so easy to see rise from 7K to 20K and higher cause this amount of money is really big.
But I have no idea if daily trading is the most suggested choice because you don't have to catch every moment (both good and bad) but it's better to catch great moments and this great moments aren't a few and in overall it's far more beneficial. Trade when you think it's good time.

You are making wrong comparisons over here and sounds totally illogical. Owning those coins means, you are the sole owner of those coins. If a person holds onto a coin, he will eventually sell them once his profit goal has been reached. Billionaires don't hold their money because holding paper money gives you no benefit like gains or interest etc. Rather, holding paper money becomes more risky as inflation gets added into the economy. On other hand, holding crypto coins like bitcoin does give you profit in the long. That is why people holds on their btc instead of their fiat money.

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