Topic: Hodl is not the best option as it seems - page 8. (Read 1259 times)
If Bitcoin falls from $50,000 to $30,000, then those who bought at $50,000 thinking of hodling is losing. But that price fall has happened in the first place because people did not hodl. So it is not the fault of hodling really. It is the fault of people not hodling. If only people hodled all the way, everybody should be happy because everybody is making profit. So hodling is really still the best option. It makes Bitcoin scarce in the face of a rising demand.
Bitcoin price already touches $28k in short minutes. But the price now is back to up to $35k but the trend still at a downtrend. So you need to be careful and it is better to hold your bitcoin for a while and you can buy it back again this time. But you need to analyze deeper to find if that is good to buy more bitcoin or just to watch the market without buying bitcoin.
Honestly, to this day I have never stopped seeing the phenomenon of tremendous panic on all media channels regarding the crash of Bitcoin. for me, there are two points that are quite important and make this incident a lesson. first, don't believe in Elon Musk anymore, and second, don't trade crypto anymore if you have mentally fallen along with the drop in the price of Bitcoin.
this is a test for those who can bear the pain. we still survive, not because of Bitcoin Crash, but we survive because we love Bitcoin for any reason. we are always ready with all the risks. from the beginning of trading we knew that this kind of incident would repeat itself several years later.
this is where Bitcoin will see, who still stands, and who will quickly leave.
#we_are_with_Bitcoin BTCBTCBTC
this is a test for those who can bear the pain. we still survive, not because of Bitcoin Crash, but we survive because we love Bitcoin for any reason. we are always ready with all the risks. from the beginning of trading we knew that this kind of incident would repeat itself several years later.
this is where Bitcoin will see, who still stands, and who will quickly leave.
#we_are_with_Bitcoin BTCBTCBTC
By now people should learn that crypto is game of extreme patience and multiple entry points. The ups and down is nature of crypto and it gets hampered with slightest negative news in the market. With china's stuff regarding institutional ban people are obviously scared to death with their money. Moreover institutions who invested heavily needs to sell so that they can change their place of business to the new country.
At least I think that way if I were owner of the financial company that big. I won't let down my business just like that.
It is literally a temporary downward movement as always. In fact amazing opportunity if you missed the train.
At least I think that way if I were owner of the financial company that big. I won't let down my business just like that.
It is literally a temporary downward movement as always. In fact amazing opportunity if you missed the train.
Forecasting is very important, so we can have enough variable to make decisions. For those who buy bitcoin at 50k maybe it feel hard for them but actually it's just matter of time they will get their money back or even big profit if they patient enough or just forget that they have bitcoin and remember it after few years later. Bitcoin is the safest cryptocurrency to invest. Normally when there is panic selling then I will do cut loss, but this time I sold my btc earlier before it reach the peak of bullish market, so I don't get maximum profit. I think holding is still good because bitcoin price will increase in the future.
Bitcoin just fell down to 39k plus per 1, and those that held/bought bitcoin while it was at 50k have no benefit of holding bitcoin at 50k per 1 instead they lost money. lets say those that will buy at 39k per 1 will have more benefits when its spikes again to 50k. So those that enjoyed holding bitcoin at 50k hoping that it will hit another ATH will have to wait for bitcoin to hit another 50k but still got no profit, while the 39k buyers will profit 11k dollars. My question is why is they no extra profit for early holders when the price falls and rises agian?
The trick is to devote most of your holdings to long-term hold, while keeping a significant part for profit booking at regular intervals. No one really asked you to keep your coins in a cold wallet for 10 years. And also, the second lesson here is not to indulge in panic selling. This has been said so many times, and yet I could see a lot of noobs selling their coins at 36K and 37K. The basics are still strong. User base is increasing, along with adoption and acceptability. In the long term the price will definitely be higher. But you need to have the patience to make profit at that time.
You don't say. BTC is long term not a get rich quick scheme. It's for the diamond hands not the weak ones. I'm hodling since 2013 and seen all the dips you can imagine and I still haven't sold a satoshi. For me it's the best option and will get me to fulfill my financial dreams. HODL is the way to success. But only the strong ones will benefit. For the rest there are shitcoins.
But if you have the chance to sell and buy back at 3/4 what you sold for?
I would love to tell you guys to over trade, it would be good for commissions.
But I have to tell you:
For most of you, HODL is a much better strategy in the long run. Don't over trade.
https://twitter.com/cz_binance/status/1394902549711392768
''Binance founder.
But I have to tell you:
For most of you, HODL is a much better strategy in the long run. Don't over trade.
https://twitter.com/cz_binance/status/1394902549711392768
''Binance founder.
HODL is the way. BTC is gonna reach new ATH and you just need to wait for it. Maybe it's take months or a couple of year but HODLers are winning in the end. Just don't panic when dips are happening even if they are so big.
~
My question is why is they no extra profit for early holders when the price falls and rises agian?
What do you mean by this? My question is why is they no extra profit for early holders when the price falls and rises agian?
I took my profits from my hodlings, but I didn't exit it all out when the price hit 60k+.
It was another ATH and I am glad I took some profits that time. Probably whales are here to hunt coins that are gonna be dumped/sold by these panic sellers for sure so yeah good luck for those who panics.
Been here since the 7k to 3k below price of Bitcoin since 2019 and I am used to these.
Funny you mentioned HYIP's.
I had to. The pretty much obvious next stop for those impatient to "triple their 100$" is a hyip website. And the expected result is that they lose even that money...
Bitcoin just fell down to 39k plus per 1, and those that held/bought bitcoin while it was at 50k have no benefit of holding bitcoin at 50k per 1 instead they lost money. lets say those that will buy at 39k per 1 will have more benefits when its spikes again to 50k. So those that enjoyed holding bitcoin at 50k hoping that it will hit another ATH will have to wait for bitcoin to hit another 50k but still got no profit, while the 39k buyers will profit 11k dollars. My question is why is they no extra profit for early holders when the price falls and rises agian?
Holding is the best option for those people who buy BTC at the 50k USD mark and even if they sell all their BTC it is still a loss on their part so waiting until you recover your capital is the best thing to do for now. People who've been panic selling right now are probably new to the crypto market and don't understand the essence of holding at all though it depends on the trading plan.
My question is why is they no extra profit for early holders when the price falls and rises agian?
Really, what extra profit you want? Just look at the charts!
Bitcoin was 0.6$ some years ago, then +1000$ some other years ago, 200$, 20000$, 3000$, 50000$.... yes, it goes up and down, but if you look at the big picture the long time holders are in a profit and don't need more.
But l asked my question mainly for the short runners or what just happened. The 50k buyer will not profit like the 39k buyer that's my question 
So you were asking for "short runners" by asking about "early holders". Makes sense.
In 5 years it won't matter if you bought at 39k or 50k, at least the last 10 years history tells that.
If you think that HOLDing means a couple of days, you better learn patience (for years) or find something else to invest in. (Just a piece of advice: 99.99% of crypto hyip are scam).
This. I can only laugh as the forum fills up with short term gamblers who think the weekly fluctuations of the coin mean anything over the long term like 5, 10, 20 years.
Let them panic. And I say that as someone who is not a blind "bitcoin fanboy" - I do hope certain aspects of it become history, like big Chinese miners largely using coal energy to mine new coins.
Let those fly-by-night gamblers leave. Who cares about their $100 investment except themselves?
The forum has repeatedly shown they are desperate third worlders who want to triple their money as fast as possible to pay their bills.
Maybe they should consider getting a day job.
Once they have a steady income and become mentally mature they can start doing monthly deposits to BTC. Or stocks, or index funds. For the long term, not for next week.
Funny you mentioned HYIP's. I remember those from 2003-2008. These forums are starting to have the same kind of people.
Cryptos didn't exist back then though, it was e-gold.
It is the best option to hold for the long time as we have seen big recoveries after huge crashes like this one,right now is near 35k and I think it will even go down further.I hope for a huge recovery after this massive crash but it takes a bit of time.It doesn't mean anything this falling down right now,there are probably whales taking profit and they will increase again the price when they start buying again.The only thing that keeps us from not going and selling is that we know that bitcoin will recover no matter what happens,yes even if it goes down to zero it will bounce back stronger than ever after that.Hold is the best option right now and for a few years to come.
My question is why is they no extra profit for early holders when the price falls and rises agian?
Really, what extra profit you want? Just look at the charts!
Bitcoin was 0.6$ some years ago, then +1000$ some other years ago, 200$, 20000$, 3000$, 50000$.... yes, it goes up and down, but if you look at the big picture the long time holders are in a profit and don't need more.
But l asked my question mainly for the short runners or what just happened. The 50k buyer will not profit like the 39k buyer that's my question
So you were asking for "short runners" by asking about "early holders". Makes sense.
In 5 years it won't matter if you bought at 39k or 50k, at least the last 10 years history tells that.
If you think that HOLDing means a couple of days, you better learn patience (for years) or find something else to invest in. (Just a piece of advice: 99.99% of crypto hyip are scam).
You don't say. BTC is long term not a get rich quick scheme. It's for the diamond hands not the weak ones. I'm hodling since 2013 and seen all the dips you can imagine and I still haven't sold a satoshi. For me it's the best option and will get me to fulfill my financial dreams. HODL is the way to success. But only the strong ones will benefit. For the rest there are shitcoins.
I love your answer that is if traced to the long run. But l asked my question mainly for the short runners or what just happened. The 50k buyer will not profit like the 39k buyer that's my question
You don't say. BTC is long term not a get rich quick scheme. It's for the diamond hands not the weak ones. I'm hodling since 2013 and seen all the dips you can imagine and I still haven't sold a satoshi. For me it's the best option and will get me to fulfill my financial dreams. HODL is the way to success. But only the strong ones will benefit. For the rest there are shitcoins.
Bitcoin just fell down to 39k plus per 1, and those that held/bought bitcoin while it was at 50k have no benefit of holding bitcoin at 50k per 1 instead they lost money. lets say those that will buy at 39k per 1 will have more benefits when its spikes again to 50k. So those that enjoyed holding bitcoin at 50k hoping that it will hit another ATH will have to wait for bitcoin to hit another 50k but still got no profit, while the 39k buyers will profit 11k dollars. My question is why is they no extra profit for early holders when the price falls and rises agian?
If they bought btc at the highest price where entry point goes for them, then dumping wasn't the last options to have. No other choice but to hodl this time until final recovery happens, even my alts suffered the most because of declined value of btc and other promising coins.
In order to earn your best profit in the future, don't be panic and keep a strong mindset this time.
Bitcoin just fell down to 39k plus per 1, and those that held/bought bitcoin while it was at 50k have no benefit of holding bitcoin at 50k per 1 instead they lost money. lets say those that will buy at 39k per 1 will have more benefits when its spikes again to 50k. So those that enjoyed holding bitcoin at 50k hoping that it will hit another ATH will have to wait for bitcoin to hit another 50k but still got no profit, while the 39k buyers will profit 11k dollars. My question is why is they no extra profit for early holders when the price falls and rises agian?
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