HODL HODL HODL...AND BUY MORE - page 5.

Baofeng

legendary

Activity: 2576

Merit: 1655

Quote from: miningguru on March 27, 2020, 06:08:25 AM

It is not a wise decision to sell them in the current situation of the market because now it is the right decision to grab as many coins as possible in the market. As long as, if we don't need money it is very good to hold them because long term holding will always help us to make some decent profit.

That is if you have extra money right now, but since the situation is getting worst by the day, there could be average joe who would rather cash out because they are afraid and panic is this kind of situation that we haven't seen in a long time. Of course, holding is what we really wanted, but when our backs is against the wall, we can't really blame people selling. Right now the price has go down again, but we are still above $6k as of the moment.

miningguru

full member

Activity: 1134

Merit: 103

It is not a wise decision to sell them in the current situation of the market because now it is the right decision to grab as many coins as possible in the market. As long as, if we don't need money it is very good to hold them because long term holding will always help us to make some decent profit.

Yamifoud

hero member

Activity: 2828

Merit: 518

Quote from: miningguru on March 27, 2020, 06:08:25 AM

It is not a wise decision to sell them in the current situation of the market because now it is the right decision to grab as many coins as possible in the market. As long as, if we don't need money it is very good to hold them because long term holding will always help us to make some decent profit.

I hope you make it and I hope that everyone saves their ass before they lose especially those who've been buying at the high and selling it now at a low price. The hold may matter for some instances and for me, I'd never do that all the time. Of course, we have to be practical and the reason why we invest in Bitcoin is not just to hold it for a lifetime but have to sell it when we are in profiting already.

And I hope that everyone who manages to holds is also having the patience to wait for the market recovery and not just because someone says to hold.

buwaytress

legendary

Activity: 2968

Merit: 3684

Join the world-leading crypto sportsbook NOW!

Quote from: coinfinger on March 27, 2020, 03:15:52 AM

Holding is really easy when you do not need money. I am not going to lie I am not in a big big trouble because I have seen people with a lot worse situations than me. I have seen friends who had to close their shops since they couldn't make any money anymore and with this corona thing it was the nail in the coffin for most of them and hastened the decision to close their places and those people not only lost their income and do not have any money now, but they are in debt as well.

So, I am doing alright but even I can't afford to buy too much bitcoin, I can only hold for now as long as I can but with inflation expected to go up soon, I doubt even I can hold it any longer and might have to sell a bit to cover the difference soon enough. Hopefully this situation passes but it looks like it will take some time to recover.

Yeah, I totally get that too. I'm earning basically everything in crypto now so I have no choice but to liquidate periodically and I actually put aside a bit more than I need as I know expenses always tend to run higher than expected in a large family. But when you're caught out by bad situations -- and this damn recession will get deeper, your wider network needs more support and you have to let go of more holdings.

I've got people also basically laid off now as their companies are making zero revenue. Government offering to pay some of the bills at home but it will get really bad.

coinfinger

sr. member

Activity: 1638

Merit: 278

Holding is really easy when you do not need money. I am not going to lie I am not in a big big trouble because I have seen people with a lot worse situations than me. I have seen friends who had to close their shops since they couldn't make any money anymore and with this corona thing it was the nail in the coffin for most of them and hastened the decision to close their places and those people not only lost their income and do not have any money now, but they are in debt as well.

So, I am doing alright but even I can't afford to buy too much bitcoin, I can only hold for now as long as I can but with inflation expected to go up soon, I doubt even I can hold it any longer and might have to sell a bit to cover the difference soon enough. Hopefully this situation passes but it looks like it will take some time to recover.

pixie85

hero member

Activity: 2184

Merit: 531

Quote from: okala on March 26, 2020, 10:07:04 AM

Now is actually the time to hold and buying more. The covid19 will soon be a thing of the past and very soon it infect on the world economy is going to die down. I believe that bitcoin is going to be the best beneficiary after the virus is bring to an uncontrollable level
Now is the time to buy and not to sell.

Trump is trying to open the country again because he sees that this isolation is bad for the country.

Bitcoin fell soon after his first announcement about closing the borders. We'll see how the stock market will react when everything starts going back to normal.
We saw how stocks can influence Bitcoin so if stocks go up so will cryptocurrencies.

okala

full member

Activity: 980

Merit: 114

Now is actually the time to hold and buying more. The covid19 will soon be a thing of the past and very soon it infect on the world economy is going to die down. I believe that bitcoin is going to be the best beneficiary after the virus is bring to an uncontrollable level
Now is the time to buy and not to sell.

Yamifoud

hero member

Activity: 2828

Merit: 518

Nothing has changed. The majority of the people get into crypto during the bullish season and then, slowly to vanish when bearish comes again.
Crypto investment is not really a safe haven as we think. Mostly we only appreciate when we generate more profit but somehow we then blame others if we suffer losses because someone encourages you to buy buy and hold.

Well, reality prevails and we must have to simply think that the risk is still there all the time. We meant not to push people to buy bitcoin or altcoins, it must only be your guts and willingness to take the risk so there is nothing to blame in the end (but just your self).

South Park

hero member

Activity: 2884

Merit: 794

I am terrible at Fantasy Football!!!

Quote from: joshy23 on March 21, 2020, 12:44:07 PM

Quote from: South Park on March 21, 2020, 12:30:27 PM

Since then the market of cryptocurrencies has recovered somewhat however if you take a look at the stock markets they have not done the same, this is intriguing, it tells me that most likely the recovery we are seeing in this market is not going to last so it seems like it is too soon to think the price will go back to the levels we saw in February, most likely the negative trend is going to continue for some time and we will not see the price of bitcoin at those levels until some months after the halving.

We really don't know what will be the next step coming from those traders and investors who still playing inside, they are the ones who will take the decisions ahead.if we can't survive this small rise then expect downfall to happen, though there are lots of indication but everything will be in the hands of believers who can keep holding and investing.

There is now way to be sure about what will happen in the future, but after the big announcement we saw yesterday from the US the market of cryptocurrencies is not really moving that much, it will be interesting to see how the market evolves during the next days and weeks because even if I believe major speculators will be probably back in business in no time it is doubtful this is going to be true for the retail investors, as they get more worried about the reality of the economy and all the jobs and income they lost during the last weeks.

adaseb

legendary

Activity: 3808

Merit: 1723

Quote from: Dr.Osh on March 21, 2020, 12:46:13 PM

Quote from: criza on March 15, 2020, 04:09:37 AM

As the price of Bitcoin continues to drop rapidly, this could only mean a chance for other people to invest in it before it pumps later this year. I am sure the price of Bitcoin will go up because of its supply that would decrease gradually after the halving. Even though the price of Bitcoin in the present is down, people should not panick but instead, buy more and invest big in the coin.

I think some people are waiting for lower prices. this is seen when they predict that the price of bitcoin can be even lower between the range of $ 3k and $ 4k. however, it looks like from now on the price will recover. to be honest, I have done some stock on the popular altcoin, but because of a little panic, I was able to sell some of my assets. for the time being, I remain on my remaining assets

Lower prices already came and went. You could of easily bought at $3500 if you were around the time of the crash and you could of easily bought in the low $4k's a few times last week. So what are most people waiting for? Most likely if it goes to $3K will most people buy? Probably not because then they will wait for $2K, and then $1K. And when will they actually buy? Probably when it hit $10K or $20K and most likely buy the top again.

I think we will know more about the future of bitcoin at the end of the month, depending on how the monthly candle closes and if that $5700 area holds which is the 200 WMA which was good support in the past. Also hopefully we decoupled from following the stock markets which can keep tanking for the next 9 months due to bad employment numbers and low growth rates.

Kelvinid

sr. member

Activity: 2828

Merit: 344

win lambo...

Quote from: joshy23 on March 21, 2020, 12:44:07 PM

Quote from: South Park on March 21, 2020, 12:30:27 PM

Quote from: Kelvinid on March 16, 2020, 06:53:40 PM

Well, it sounds good to hold and to buy more but I'd never encouraged everyone to think of buying this time coz it possible that the market will shoot some more drops and that would be a perfect time to buy. It for sure it comes and another $3k might possibly break another remarkable drop in crypto history. It sounds to be crazy but I have to think positively still then.

Hold can be of big help this time but something we need to consider also the situation. And that is our common sense may applied to think it right to sell or hold.

Since then the market of cryptocurrencies has recovered somewhat however if you take a look at the stock markets they have not done the same, this is intriguing, it tells me that most likely the recovery we are seeing in this market is not going to last so it seems like it is too soon to think the price will go back to the levels we saw in February, most likely the negative trend is going to continue for some time and we will not see the price of bitcoin at those levels until some months after the halving.

We really don't know what will be the next step coming from those traders and investors who still playing inside, they are the ones who will take the decisions ahead.if we can't survive this small rise then expect downfall to happen, though there are lots of indication but everything will be in the hands of believers who can keep holding and investing.

This is the case we should have to look by, perfect timing to buy is really hard to find that makes people keep asking when and what price should I wait before we buy? I saw the market tends to recover but somehow we drop again and this is not great to see. Maybe not halving could push the market to be in full recovery until this global crisis will be over. The dumps we saw yesterday and today, will be also the same scenario that we probably saw in the coming days.

okala

full member

Activity: 980

Merit: 114

Bitcoin has crossed the red line yesterday and the ability of it remains above $6000 for the past 24 hours is an indication that the bear are losing ground on this. Some traders are coming back into the market such bitcoin allow us to trade from home. It is truly time to buy and keep buying as from now till may is time to watch on.

Renampun

sr. member

Activity: 2338

Merit: 365

Quote from: Lecam on March 09, 2020, 11:17:54 PM

Many are saying that buy more and hold because they believe that bitcoin will gonna goes up. So they still buying a more and they hold it for along time. So buy more and do hold it for you to get a good profit.

continuing to buy Bitcoin at a time of epidemics like this is not very good for some countries...
it's good for those of you who have strong currencies like USD and Pounds Sterling but some of the values of a country's currency have fallen due to the Corona virus so people in that country have to spend more to buy Bitcoin than countries that have strong currencies.

Quote from: exstasie on March 10, 2020, 02:05:08 PM

Quote from: fabiorem on March 10, 2020, 08:43:04 AM

Its 26 months of bear market, a situation which never happened before in bitcoin's history.

Why do you keep repeating this?

The 2014-2015 bear market was much longer than any other in history.

2013 top: week of Nov 25 2013
2013 top broken: Feb 20 2017

2017 top: Dec 11 2017
Today's date: March 11 2020

No matter how you define a bear market (% gains from the bottom, when the previous ATH was broken) the 2014-2015 one was longer. If BTC hasn't broken the 2017 ATH by the end of 2021, then we can talk. Until then, you're just spreading misinformation.

good analysis, this is very helpful...

joshy23

sr. member

Activity: 1078

Merit: 256

Quote from: South Park on March 21, 2020, 12:30:27 PM

Quote from: Kelvinid on March 16, 2020, 06:53:40 PM

Well, it sounds good to hold and to buy more but I'd never encouraged everyone to think of buying this time coz it possible that the market will shoot some more drops and that would be a perfect time to buy. It for sure it comes and another $3k might possibly break another remarkable drop in crypto history. It sounds to be crazy but I have to think positively still then.

Hold can be of big help this time but something we need to consider also the situation. And that is our common sense may applied to think it right to sell or hold.

Since then the market of cryptocurrencies has recovered somewhat however if you take a look at the stock markets they have not done the same, this is intriguing, it tells me that most likely the recovery we are seeing in this market is not going to last so it seems like it is too soon to think the price will go back to the levels we saw in February, most likely the negative trend is going to continue for some time and we will not see the price of bitcoin at those levels until some months after the halving.

We really don't know what will be the next step coming from those traders and investors who still playing inside, they are the ones who will take the decisions ahead.if we can't survive this small rise then expect downfall to happen, though there are lots of indication but everything will be in the hands of believers who can keep holding and investing.

Dr.Osh

legendary

Activity: 2758

Merit: 1004

Buzz App - Spin wheel, farm rewards

Quote from: criza on March 15, 2020, 04:09:37 AM

As the price of Bitcoin continues to drop rapidly, this could only mean a chance for other people to invest in it before it pumps later this year. I am sure the price of Bitcoin will go up because of its supply that would decrease gradually after the halving. Even though the price of Bitcoin in the present is down, people should not panick but instead, buy more and invest big in the coin.

I think some people are waiting for lower prices. this is seen when they predict that the price of bitcoin can be even lower between the range of $ 3k and $ 4k. however, it looks like from now on the price will recover. to be honest, I have done some stock on the popular altcoin, but because of a little panic, I was able to sell some of my assets. for the time being, I remain on my remaining assets

Yaunfitda

hero member

Activity: 2870

Merit: 594

Quote from: South Park on March 21, 2020, 12:30:27 PM

Quote from: Kelvinid on March 16, 2020, 06:53:40 PM

Well, it sounds good to hold and to buy more but I'd never encouraged everyone to think of buying this time coz it possible that the market will shoot some more drops and that would be a perfect time to buy. It for sure it comes and another $3k might possibly break another remarkable drop in crypto history. It sounds to be crazy but I have to think positively still then.

Hold can be of big help this time but something we need to consider also the situation. And that is our common sense may applied to think it right to sell or hold.

Since then the market of cryptocurrencies has recovered somewhat however if you take a look at the stock markets they have not done the same, this is intriguing, it tells me that most likely the recovery we are seeing in this market is not going to last so it seems like it is too soon to think the price will go back to the levels we saw in February, most likely the negative trend is going to continue for some time and we will not see the price of bitcoin at those levels until some months after the halving.

Stock market has somewhat recovered, but just a little. But cryptocurrencies is very different as it recovered last Thursday, lost in Friday and still at this time the market seems to be trading sideways or even going lower as expected.

Not unless the negative trend has somewhat subside, which means that there are some developments on a vaccine to help cure the covid-19 spread. But until then the market will remain volatile and very shaky

South Park

hero member

Activity: 2884

Merit: 794

I am terrible at Fantasy Football!!!

Quote from: Kelvinid on March 16, 2020, 06:53:40 PM

Well, it sounds good to hold and to buy more but I'd never encouraged everyone to think of buying this time coz it possible that the market will shoot some more drops and that would be a perfect time to buy. It for sure it comes and another $3k might possibly break another remarkable drop in crypto history. It sounds to be crazy but I have to think positively still then.

Hold can be of big help this time but something we need to consider also the situation. And that is our common sense may applied to think it right to sell or hold.

Since then the market of cryptocurrencies has recovered somewhat however if you take a look at the stock markets they have not done the same, this is intriguing, it tells me that most likely the recovery we are seeing in this market is not going to last so it seems like it is too soon to think the price will go back to the levels we saw in February, most likely the negative trend is going to continue for some time and we will not see the price of bitcoin at those levels until some months after the halving.

Kelvinid

sr. member

Activity: 2828

Merit: 344

win lambo...

Well, it sounds good to hold and to buy more but I'd never encouraged everyone to think of buying this time coz it possible that the market will shoot some more drops and that would be a perfect time to buy. It for sure it comes and another $3k might possibly break another remarkable drop in crypto history. It sounds to be crazy but I have to think positively still then.

Hold can be of big help this time but something we need to consider also the situation. And that is our common sense may applied to think it right to sell or hold.

Oilacris

hero member

Activity: 2996

Merit: 609

Quote from: South Park on March 16, 2020, 12:59:54 PM

Quote from: kentrolla on March 11, 2020, 01:47:36 PM

People are getting upset over the price, I suggest to buy more coins at this moment when the price increases gradually you can earn a lot. Worrying is not the solution nor the panic sell, just understand the market situation and plan accordingly.

This dump is nothing new in the crypto history also the price will increase once the market will get rid of these panic sellers, Just hodl and don't be impatient things will be okay very soon.

The dump in the price we are seeing was inevitable, even without the corona virus the price was bound to go down since the growth we experimented from the beginning of this year was suspect, but now that there is a crisis with the virus and the economies of the world are suffering most likely the price of bitcoin could go down even more and when that happens you need to get all the bitcoin that you can, since I doubt we will ever see such low prices again.

We cant really say that corona virus doesnt affect crypto market as well.We have seen traditional stocks and forex indices that had been mainly affected on the current pandemic thing.
So i can surely say that its one of the factors that driven also the price down to this low levels.Its true that this isnt something new here on crypto yet anything can dump or decrease
without even realizing or knowing on the actual reason.We've been here for how many times or shall we say to those difficult times of bear market but to those people who do highly believe
about this market will surely accumulate more while prices are still cheap.

Quote from: Oceat on March 16, 2020, 03:22:47 PM

Quote from: TheAndy500 on March 16, 2020, 01:35:04 PM

It seems that the creator of this thread was quite wrong. I hope that no one listened to his advice and did not buy it that day (March 9). This is a very good example of what you cannot do on the cryptocurrency market. This market is very volatile and really everything can happen. We are now observing big falls and this is probably not the end.
If someone is interested in a long-term investment, this moment may not be a bad to buy, but if you want to buy for a short period, then it's better to wait for the price to stabilize.

Well, I guess it's time to start buying and HOLD until the day Bitcoin starting to hit the bullish road again. I didn't expect this to happen but maybe they were right that this corona virus thing is the reason why the cryptocurrency plummet up to this point. Well, we don't have to worry that much if this pandemic will meet an end then everything will be back to normal again. As for now, let's just invest and buy more since this price is rarely to happen in a year and HODL!!!

Its indeed an opportunity to accumulate cheaper coins but this would only applicable to those people who do have sufficient or financial capacity.Not all would really be like this
and majority would really still have that fear and hesitance towards their investment decisions yet we know that we are on a very tight situation.

Oceat

sr. member

Activity: 2506

Merit: 368

Quote from: TheAndy500 on March 16, 2020, 01:35:04 PM

It seems that the creator of this thread was quite wrong. I hope that no one listened to his advice and did not buy it that day (March 9). This is a very good example of what you cannot do on the cryptocurrency market. This market is very volatile and really everything can happen. We are now observing big falls and this is probably not the end.
If someone is interested in a long-term investment, this moment may not be a bad to buy, but if you want to buy for a short period, then it's better to wait for the price to stabilize.

Well, I guess it's time to start buying and HOLD until the day Bitcoin starting to hit the bullish road again. I didn't expect this to happen but maybe they were right that this corona virus thing is the reason why the cryptocurrency plummet up to this point. Well, we don't have to worry that much if this pandemic will meet an end then everything will be back to normal again. As for now, let's just invest and buy more since this price is rarely to happen in a year and HODL!!!

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