Hold your bag when you can | Bitcointalksearch.org

Fatunad

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Quote from: taufik123 on August 14, 2022, 06:35:24 PM

Quote from: stadus on August 14, 2022, 06:11:40 PM

That I'd rather choose BTC and ETH for long-term holding and consider altcoins for short-term. BTC and ETH were known for their profitability, unlike the other altcoins that as it goes long-term the price goes down. Yes, it was to see how the competition makes changes on its trend but most of all, these scam projects had a huge influence on why investors have lost faith in altcoins to hold, instead they sell them once seeing some profit.

In the long term there are some altcoins that might survive even if BTC and ETH go down. Don't you see potential such as BNB, SOL, XRP, ADA, MATIC and several other ltcoins that have good potential for the future. All altcoin prices do depend on BTC price movements.

Some of the investments I made were 50% for BTC 20% ETH and the remaining 30% for some altcoins that have good potential in the future. Management like this is good to do, because you don't put eggs in one basket, there are still many baskets to be filled.

Cant blame out that people would be most likely be focusing on BTC since its been sitting on the top of the market for a decade and hadnt been replaced without even minding about the probabilities
for some market shift that we havent seen before thats why always take consideration when it comes to risk management and prepare yourself on probable things to happen.
Hold when you do see that there might be some market change and does have potential and sell whenever you do see some greens or gains on your investment.
Its up to someones decisions whether they would be selling or buying.

nullama

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Quote from: Detritus on August 15, 2022, 11:49:10 AM

I have come to realize that most investors don't get the full understanding of what Bitcoin/crypto is all about. Probably this set of people/Investors may just get convinced by their friends or co-workers. With out finding out the risks attached and some terms and conditions, they just go ahead with the investment plan not knowing that the few guide gotten from their friends can not help them through out the period of their investment. they just register in their mind "Bull market"...
According to history, 2009 when Bitcoin was launched, price for 1 BTC Was not UpTo $0.1, later in 2011 one BTC cross $1.

Quote

This will make people realize the purpose of BTC and before that happen hold your bag when you can.
Always remember, not your key not your coin.

Bitcoin was 1 for $1 in 2011 and today it is $24k+, if Bitcoin could move from $0 (2009) to $65,000 in 2021, it could definitely move past $100k in future. I will hold on to my bag tight, not going to be a panic seller.

Bitcoin is way more than just its price.

Bitcoin gives you freedom from the legacy financial system. You get full control of your own money, no intermediaries.

Bitcoin is something extremely valuable. When more and more people realize this, the price of it will just continue to rise, similar to how fiat value continues to devalue every year.

Detritus

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I have come to realize that most investors don't get the full understanding of what Bitcoin/crypto is all about. Probably this set of people/Investors may just get convinced by their friends or co-workers. With out finding out the risks attached and some terms and conditions, they just go ahead with the investment plan not knowing that the few guide gotten from their friends can not help them through out the period of their investment. they just register in their mind "Bull market"...
According to history, 2009 when Bitcoin was launched, price for 1 BTC Was not UpTo $0.1, later in 2011 one BTC cross $1.

Quote

This will make people realize the purpose of BTC and before that happen hold your bag when you can.
Always remember, not your key not your coin.

Bitcoin was 1 for $1 in 2011 and today it is $24k+, if Bitcoin could move from $0 (2009) to $65,000 in 2021, it could definitely move past $100k in future. I will hold on to my bag tight, not going to be a panic seller.

Vaskiy

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The market of ethereum is at its best against the market of bitcoin moving at a faster phase. By now there used to be more swapping of cryptocurrency holdings from bitcoin to altcoins. Right now it is time to hold and enjoy the outcome as it looks like a bullish trend change.

Bitcoin that moved above $24k have dropped down close to $23400 and the ethereum price have come near to $1900. This is common to move within specific market price for a big push. Crossing the $25k mark will let the investors enjoy a steady movement of the market without much of fluctuation.

taufik123

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Quote from: stadus on August 14, 2022, 06:11:40 PM

That I'd rather choose BTC and ETH for long-term holding and consider altcoins for short-term. BTC and ETH were known for their profitability, unlike the other altcoins that as it goes long-term the price goes down. Yes, it was to see how the competition makes changes on its trend but most of all, these scam projects had a huge influence on why investors have lost faith in altcoins to hold, instead they sell them once seeing some profit.

In the long term there are some altcoins that might survive even if BTC and ETH go down. Don't you see potential such as BNB, SOL, XRP, ADA, MATIC and several other ltcoins that have good potential for the future. All altcoin prices do depend on BTC price movements.

Some of the investments I made were 50% for BTC 20% ETH and the remaining 30% for some altcoins that have good potential in the future. Management like this is good to do, because you don't put eggs in one basket, there are still many baskets to be filled.

stadus

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Quote from: Slow death on August 14, 2022, 04:46:29 PM

Quote from: Oneandpure on August 14, 2022, 08:37:37 AM

snip...

holding is also not guaranteed to make a lot of profit in the long run, although there is a real chance that you will make a profit, when it comes to altcoins, I would say that you don't need to rush and think that your altcoins will not go up in price, they will may go up in price in the future, but the real problem is that they may not go up much in price, this is because most altcoins are facing a lot of competition, which means that many altcoins no longer have many investors, so as a consequence of long term altcoin can't reach its ATH, it can't even reach almost 70% of its ATH and I'm talking about the altcoin price in relation to USD, because in relation to BTC, altcoins are very low, which means that are causing a lot of damage

That I'd rather choose BTC and ETH for long-term holding and consider altcoins for short-term. BTC and ETH were known for their profitability, unlike the other altcoins that as it goes long-term the price goes down. Yes, it was to see how the competition makes changes on its trend but most of all, these scam projects had a huge influence on why investors have lost faith in altcoins to hold, instead they sell them once seeing some profit.

Slow death

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Quote from: Oneandpure on August 14, 2022, 08:37:37 AM

Very disappointed when I have chance hold my bag but I didn't it and prefer saving money and several bad altcoin. I think what did recommended by OP exactly very important thing, when we have chance with financial saving keep hold bag with investing in bitcoin and several potential altcoin. Right now many investor have hold theor bag and save several altcoin assets, but still little mistake when saving or investing in cryptocurrency when price still up and they can't waiting when bitcoin or altcoin price going down.

holding is also not guaranteed to make a lot of profit in the long run, although there is a real chance that you will make a profit, when it comes to altcoins, I would say that you don't need to rush and think that your altcoins will not go up in price, they will may go up in price in the future, but the real problem is that they may not go up much in price, this is because most altcoins are facing a lot of competition, which means that many altcoins no longer have many investors, so as a consequence of long term altcoin can't reach its ATH, it can't even reach almost 70% of its ATH and I'm talking about the altcoin price in relation to USD, because in relation to BTC, altcoins are very low, which means that are causing a lot of damage

Rana590

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Quote from: Oneandpure on August 14, 2022, 08:37:37 AM

Very disappointed when I have chance hold my bag but I didn't it and prefer saving money and several bad altcoin. I think what did recommended by OP exactly very important thing, when we have chance with financial saving keep hold bag with investing in bitcoin and several potential altcoin. Right now many investor have hold theor bag and save several altcoin assets, but still little mistake when saving or investing in cryptocurrency when price still up and they can't waiting when bitcoin or altcoin price going down.

In my opinion, there are a lot of opportunities still available to fill our portfolio. It is also good time to buy for getting a good amount of return in future. It is a good strategy to buy on daily basis. After some days it will be a good amount of investment and we can expect good ROI from it.

Oneandpure

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Very disappointed when I have chance hold my bag but I didn't it and prefer saving money and several bad altcoin. I think what did recommended by OP exactly very important thing, when we have chance with financial saving keep hold bag with investing in bitcoin and several potential altcoin. Right now many investor have hold theor bag and save several altcoin assets, but still little mistake when saving or investing in cryptocurrency when price still up and they can't waiting when bitcoin or altcoin price going down.

mumang siat

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The chances of this happening are very small, look at the market being corrected in 2021 to 2022, where bitcoin is associated with a sharp decline on the way forward, but in fact the price of bitcoin has not fallen so sharply, although the correction is still ongoing.
The thought of people who describe that bitcoin's journey will reach its lowest point, actually refutes itself, the achievement of bitcoin has reached a great stage, they have gone through many processes, so it is very difficult to reach the lowest point in the future.

stomachgrowls

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Quote from: Viscore on August 12, 2022, 03:41:07 PM

Quote from: traderethereum on July 21, 2022, 09:34:15 AM

Holding your bag is not easy because we always tempt by what happens to the market and many times we are panic seeing the market going down.
If you have a strong hand to still hold, no matter what happens to the market, you will have a chance to sell it at a high price.
Holding bitcoin while the price is down and buying back for more when the price is at a low price gives benefit to us to accumulating our bitcoin amount.
So that can give us a big chance to make a big profit later.

If trading has its own risk, I think hodling alone is somewhat hard to do too especially if you are easily affected with how the current market is going through. But just as you have decide to hold, then you should not be bothered anymore with other factors and just focus on your long term goal. If you can do that, rest assured that you will have a great end, and those that can sustain long term hodling are those that mostly make exceptional huge profits in the future.

Someone should really know that even holding does accompanied with some risk since there's no assurance that you could really make money on what you had hold this is why its really important when

it comes to choices or simply talks about your portfolio.Hold if you do see that there's a potential and sell if you do see the opportunity on doing so.Just dont sell on loss because this is where it could

really give big effects on overall profitability although mistakes and errors cant really be avoided.Hold if you do see its worth and sell if you do have a chance just like that. Cool

tygeade

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Quote from: inthelongrun on August 11, 2022, 10:58:30 PM

I learned a lot during 2018 and 2019 when bitcoin dropped prices heavily. I gave up and sold most of my bitcoins even if my bitcoin old-timer friends kept telling me to HODL. I think some of them owned bitcoins as early as 2011 and they already experienced huge swings throughout the years and always told me and my friends that they'd seen worse. I think it was the year 2017 the same year when I started purchasing some bitcoin portions, one of our mentors an ex-NEM foundation officer mentioned that if someone cannot hold bitcoin at its worse price it does not deserve to enjoy bitcoin's highest prices. I ignored all of them and sold most of my holding although I did retain a little.

So now I realized that experience is really the best way to learn. It's very different when you are in the situation. I learned the hard way. Now I will never sell my bitcoins unless it is super necessay.

That is something I have done as well but I also never regretted even though I learned. How? I know for a fact that bitcoin will always end up lower even if it peaks higher, that means I will have chances to buy again. I sold back in the day at peak prices and not this time but last time in 2017 I did pretty well, using that money I found better ways to increase my income so I could buy more bitcoin per month thanks to that.

So, if you sell but you found a way to get more bitcoins thanks to that, it is not bad. Aside from that, holding when it goes down is a crucial thing because bitcoin will always recover and we shouldn't be mad about it.

Viscore

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Quote from: traderethereum on July 21, 2022, 09:34:15 AM

Holding your bag is not easy because we always tempt by what happens to the market and many times we are panic seeing the market going down.
If you have a strong hand to still hold, no matter what happens to the market, you will have a chance to sell it at a high price.
Holding bitcoin while the price is down and buying back for more when the price is at a low price gives benefit to us to accumulating our bitcoin amount.
So that can give us a big chance to make a big profit later.

If trading has its own risk, I think hodling alone is somewhat hard to do too especially if you are easily affected with how the current market is going through. But just as you have decide to hold, then you should not be bothered anymore with other factors and just focus on your long term goal. If you can do that, rest assured that you will have a great end, and those that can sustain long term hodling are those that mostly make exceptional huge profits in the future.

Myleschetty

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Quote from: goldkingcoiner on August 12, 2022, 05:54:34 AM

Quote from: Myleschetty on July 20, 2022, 09:58:27 AM

Always remember, not your key not your coin.

That is exactly the right attitude! Nobody should have control over your money except for you. I use the term money in this post but by money I obviously mean Bitcoin, which is the real money. One more mantra that you definitely should add to your coiner values is "hodl". Which means to hold your Bitcoin, not sell or give it away. Even when times are tough, you should remember the true value that it will have in the near future.

If I was not so naive during my newbie days, I would have millions worth in Dollars in Bitcoin.

Exactly because only those that hold for the long term will get the best interest but there's something some Bitcoiner don't understand and the thing is, if we only use Bitcoin as an asset it will never be the mainstream of payment despite the LN which facilitate BTC transaction that's faster than Master/Visa card.
This means there's nothing bad in selling some portion of BTC during a tough time if it is for an important reason.

abel1337

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Quote from: Oasisman on August 12, 2022, 08:38:59 AM

Quote from: 2stout on August 12, 2022, 02:21:27 AM

The FUD is designed to shake weak hands and relieve them of their coin. When the weak hands can no longer hodl, it presents a great opportunity for opportunist, late comers, as well as the savvy sat stacker. Sell at your own peril.

Not only the FUD, whales actually have a lot of ways for people to force and sell their Btc. Only those weakest would sell especially during the bear market.
But yeah I agree, FUDS were designed to let the weak hands sell their bags and help to pull Btc's price down for a good opportunity to buy at a much lower price.
A lot of crypto enthusiast have thought about that, no wonder why FUD spreads like a wild fire lol.

The one who are new to the market or the one who has the slight idea on what are they doing are the one who are being affected by the FUDs, I agree that FUDs are design to get rid of the weak hands for the whales or knowledgeable people to have more opportunity to grow their portfolio. FUDs are becoming effective especially on euphoria phase or bull market since there are many newbies who just entered the market, They are easily shaved off from the market just because of FUD. I myself seems to be immune from FUDs because of how many FUD I've seen on my entire stay on cryptospace.

Wakate

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Quote from: nullama on August 12, 2022, 02:39:48 AM

Bitcoin is just the best kind of money there is.

It's a great way of saving money. I don't think it's a good thing to follow the price of it every day. It's for the long term. Just buy as much as you can comfortably have and never look back.

There are good speculations we can follow to get what we want that is why I prefer looking at the market before buying or what do ever I want to buy or trade. The market is gaining momentum gradually and we need to buy good projects or coins to stand out so we can earn more after this month when the crypto market finally go bullish. Buying is very important now and we should not miss this offer because no one knows what we happen in the crypto market next before the end of this year.

Dunamisx

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Quote from: Questat on July 29, 2022, 06:18:55 AM

HOLD if you can, and SELL if you are not willing to wait.
Actually, I don't urge people to hold as it was just an option and of course, I don't influence their decision but to have their own as at the end of the day, they are the ones to decide.

Exactly as expected, they should decide on their own and their actions should not be tied to your influence should in case things doesn't work as expected, sometimes holding on a short time can be unprofitable, when you expect the price to surge but inversely beging to go dip, it is expected that each everyone should be responsible for their own actions and decisions taken.

Quote from: Questat on July 29, 2022, 06:18:55 AM

Holding is gonna be hard for those who are doubtful and likely just quit doing it.
But, as we aim high and carry a positive mindset, no way it becomes impossible.

Holding can also be less risk only if it going on a long term, at least holding upto the next event of halving could increase more chances to having a new bitcoin ATH, then things could have been more easier with lesser risk, provided that no urgent need arising that warrant an urgent sell off than expected.

Oasisman

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Quote from: 2stout on August 12, 2022, 02:21:27 AM

The FUD is designed to shake weak hands and relieve them of their coin. When the weak hands can no longer hodl, it presents a great opportunity for opportunist, late comers, as well as the savvy sat stacker. Sell at your own peril.

Not only the FUD, whales actually have a lot of ways for people to force and sell their Btc. Only those weakest would sell especially during the bear market.
But yeah I agree, FUDS were designed to let the weak hands sell their bags and help to pull Btc's price down for a good opportunity to buy at a much lower price.
A lot of crypto enthusiast have thought about that, no wonder why FUD spreads like a wild fire lol.

BobK71

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Quote from: Adbitco on August 12, 2022, 05:13:09 AM

I don't see some post and news as far as i understand many here understand or basically know how the bitcoin price goes, most people where to say it was on a caused of the Luna which led to a strong dip others speculated it to be $13k why others said of being dead. How can it move from top to bottom and specifically it's not possible. Keep in mind in every dip a new chances and opportunities have been given to create out for people do fill their bags and utilized the common opportunity given.

When someone wants to lower the price where another wants to raise the price. Cryptocurrencies can fall into bull market as well as bear market at any time. Those who have been trading with this cryptocurrency for a long time are already aware of this. They are now not worried about a sudden bull or bear market. They have now also taken Bear Market as a part of their business. I personally think bear markets are the time to hold on your bag. You can take it when you get better in a bull market.

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Quote from: Myleschetty on July 20, 2022, 09:58:27 AM

Always remember, not your key not your coin.

That is exactly the right attitude! Nobody should have control over your money except for you. I use the term money in this post but by money I obviously mean Bitcoin, which is the real money. One more mantra that you definitely should add to your coiner values is "hodl". Which means to hold your Bitcoin, not sell or give it away. Even when times are tough, you should remember the true value that it will have in the near future.

If I was not so naive during my newbie days, I would have millions worth in Dollars in Bitcoin.

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