Topic: Holding for long might not be the best option. - page 3. (Read 780 times)
Your post is screaming “FUD”. If you are this scared, then why invest in the first place? Okay, let’s say you convert your BTC to USDT, when the price starts coming back up, what do you do? FOMO in? If you want to take risks, take them with your full mind. Don’t be on the fence because it could even worsen the Case. Like I normally say, invest an amount you won’t worry about. If you invested an amount you do not need instantly and you trust the Bitcoin journey, there’s absolutely nothing to worry about. Hasn’t the past years proven this? We will break the previous ATH again, but it is only those that patiently wait that will smile when it happens. DYOR though.
Control your emotion and learn to hold for long period of time. It has only been 2 years which does not count as a long-term investment plan if you are choosing Bitcoin. And I don't think people would regret buying $69k if they have done DCA in order to accumulate that Bitcoin. The Bitcoin halving is coming closer and the bull market will start following that. Many people have predicted that Bitcoin price will create a new all-time high in this Bull run. If $100k wasn't possible in the past, what makes you think that it won't be happening in the future? If you have will to hold until that is reached, there's nothing to regret.
I still really don't know what makes you think that holding for long is not the best option. If you have control over your emotion and the plan that is for long-term, and also, if you follow some strategy like DCA, then there's nothing wrong with holding for a longer period of time. Some people have achieved success through Bitcoin investment after 10 years of holding. 2 years seems a bit low compared to that. If you can accept this fact, then you are ready for Bitcoin holding.
I still really don't know what makes you think that holding for long is not the best option. If you have control over your emotion and the plan that is for long-term, and also, if you follow some strategy like DCA, then there's nothing wrong with holding for a longer period of time. Some people have achieved success through Bitcoin investment after 10 years of holding. 2 years seems a bit low compared to that. If you can accept this fact, then you are ready for Bitcoin holding.
That's right, it's not because you bought bitcoin at around 69k$ each that it's wrong; there's nothing wrong with buying bitcoin if you have a broad understanding of it. Even if its price value has dropped a lot, you know that bitcoin will still recover its price after some time, even if it takes a year. If you believe in it, it will be more than 100k$ each.
So holding it long-term is still a good way to benefit us when the time is right. So I don't believe this is the best option to hold in the long term.
There has been several occasions of people saying buy and hold without consedring the negative effect it has impacted on many people live. Lets take for instance, when bitcoin was at ATH of about $69k somany people bought at same price expecting it to hit $100k and above while some baugh at the price when it was 40, 50, $60k conservatively. When it was going down to even $20k people keep on holding. Now it's about 2 years since bitcoin fell and never meet up with the price they baught. And they are hoping it comes back after losing huge amount of money. New investors are are taking advages of it while the old investors are regretting.
So I sudjest sometimes if the market is going down beyond bearable measures, there is need to swap your BTC to USDT to keep your capital safe in other to buy back when it is going up to avoid loosing some huge amount of money.
So what's your sudjestion on this.
So I sudjest sometimes if the market is going down beyond bearable measures, there is need to swap your BTC to USDT to keep your capital safe in other to buy back when it is going up to avoid loosing some huge amount of money.
So what's your sudjestion on this.
I understand what you want to explain here, but from what I have noticed, no one can guess the price of bitcoin 100% correctly, when you buy bitcoin at $50k or $60k, you are actually buying consciously and without any influence, hodl may seem futile, but if done patiently and consistently then hodl is very effective and profitable. right now you think people who buy bitcoin at $50k or more are unlucky but believe me in the next few years the price of bitcoin will pass $50k and will definitely pass $100k too, there is nothing in vain when you buy bitcoin.
There has been several occasions of people saying buy and hold without consedring the negative effect it has impacted on many people live. Lets take for instance, when bitcoin was at ATH of about $69k somany people bought at same price expecting it to hit $100k and above while some baugh at the price when it was 40, 50, $60k conservatively. When it was going down to even $20k people keep on holding. Now it's about 2 years since bitcoin fell and never meet up with the price they baught. And they are hoping it comes back after losing huge amount of money. New investors are are taking advages of it while the old investors are regretting.
So I sudjest sometimes if the market is going down beyond bearable measures, there is need to swap your BTC to USDT to keep your capital safe in other to buy back when it is going up to avoid loosing some huge amount of money.
So what's your sudjestion on this.
For some, it might not be the best option most especially if they happen to hold the wrong coins but for those who have high faith in bitcoin, it will always be the best option to hold for long term. Those who fail to see the essence of bitcoin long term hodling are most probably those who hold with a fainted heart and unstable emotions that's why when the market suddenly crash and affected the price of bitcoin to drop so badly, they develop panic in the market and resort into wrong decision of selling early.So I sudjest sometimes if the market is going down beyond bearable measures, there is need to swap your BTC to USDT to keep your capital safe in other to buy back when it is going up to avoid loosing some huge amount of money.
So what's your sudjestion on this.
However, it only takes some initial mistakes and losses before the people learned their lesson. And while its also a good option to swap their BTC to USDT, but for me its never the wisest decision.
Control your emotion and learn to hold for long period of time. It has only been 2 years which does not count as a long-term investment plan if you are choosing Bitcoin. And I don't think people would regret buying $69k if they have done DCA in order to accumulate that Bitcoin. The Bitcoin halving is coming closer and the bull market will start following that. Many people have predicted that Bitcoin price will create a new all-time high in this Bull run. If $100k wasn't possible in the past, what makes you think that it won't be happening in the future? If you have will to hold until that is reached, there's nothing to regret.
I still really don't know what makes you think that holding for long is not the best option. If you have control over your emotion and the plan that is for long-term, and also, if you follow some strategy like DCA, then there's nothing wrong with holding for a longer period of time. Some people have achieved success through Bitcoin investment after 10 years of holding. 2 years seems a bit low compared to that. If you can accept this fact, then you are ready for Bitcoin holding.
I still really don't know what makes you think that holding for long is not the best option. If you have control over your emotion and the plan that is for long-term, and also, if you follow some strategy like DCA, then there's nothing wrong with holding for a longer period of time. Some people have achieved success through Bitcoin investment after 10 years of holding. 2 years seems a bit low compared to that. If you can accept this fact, then you are ready for Bitcoin holding.
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So I sudjest sometimes if the market is going down beyond bearable measures, there is need to swap your BTC to USDT to keep your capital safe in other to buy back when it is going up to avoid loosing some huge amount of money.
So what's your sudjestion on this.
This is a very wrong advice my friend, when it comes to bitcoin investment, understand that holding it for the long term is the best way to make the best of profit, what price one bought at only determines how much profit he or she is likely to make when the price starts rising like it is doing currently.So what's your sudjestion on this.
The best advice i can give is that, wise investors who are buying to hold for the long term do not buy at all-time high, so if you are buying bitcoin to hold for the long term, make sure not to buy when the price is at its all-time high, this applies to every other cryptocurrency as well.
And point of correction @op, those who bought bitcoin at the price of $60k or higher are not investors, they are quick profit seekers, people who wanted to make some quick profit from the bull run but unfortunately for them, they were wrong with their timing, this is absolutely normal, as not every trade one engages in will turn out profitable, there will always be some minor loses here and there from time to time.
It's supposed to be buying low and hodling, and not just to simply buy at any price levels. But then I realized there are people who do a DCA and it was one of the famous strategies for those who invest in BTC. Well, in DCA, there are still times where they can buy at a low price and then those who commit it are more obliged to hold their coins for a very long time (be it 2 years or more).
I'm sure they can always seek a justice for the actions that they have made earlier. Also, it was actually the old investors are benefiting over the newer one's, because when there are new people who invest, that will make the price rise, so old investors can now sell for profit. We all are not the same. Some investors are not well prepared and may need money occasionally, so they can sell no matter what the circumstances are.
I'm sure they can always seek a justice for the actions that they have made earlier. Also, it was actually the old investors are benefiting over the newer one's, because when there are new people who invest, that will make the price rise, so old investors can now sell for profit. We all are not the same. Some investors are not well prepared and may need money occasionally, so they can sell no matter what the circumstances are.
BTC is synonymous with long-term patterns if you want maximum results. What the OP said may also make sense because looking at the current situation. Frequently changing market conditions, whether economic, political or technological factors, can affect the value of an asset. Yes. This may require adjustments to your reinvestment strategy.
But, my view is simple. If someone wants to have a round of money every day, don't use this model but just use the day trading one. One more thing, transaction costs, especially BTC gas, in the near future will also be very high.
Well, I'm not quite certain about this. In my opinion, the maximum yield can be recorded by selling during bull periods and repurchasing when prices settle down. Imagine you've sold 1 bitcoin during November's ATH in 2021 for approximately $65,000. The prices crashed shortly after, dropping to $40,000 levels. Even by purchasing at $40,000, you'll have a profit of $25,000 immediately, unless you plan to reinvest and buy more Bitcoin in the process. If we now suppose that the repurchasing of Bitcoin occurred during the lowest prices of late 2022 or early 2023, which vary from $15,000 to $18,000, you'll practically acquire anything from 3 up to 4.3 BTC for the 1 BTC that was sold in late 2021.But, my view is simple. If someone wants to have a round of money every day, don't use this model but just use the day trading one. One more thing, transaction costs, especially BTC gas, in the near future will also be very high.
Now let's suppose that we bought at approximately $16,000. Using our $65,000 from our sale in November, we'll have about 4 BTC. Multiply those by $37,000, which is the current price, and the result is almost $150,000. Certainly, we need to subtract the $65,000 and the initial cost of the first Bitcoin, but you can still achieve pretty extravagant results, especially when the price rises even further.
Bitcoin investment was meant to be a long-term setting, but because of the market uncertainty and many economic reasons, people decided to withdraw their investments, for example you don't expect a Nigerian holder and US holder to behave the same, there must be circumstances, there are many sustainable jobs in US, bitcoin holders can hold their investment because they are mainly paid hourly with a preferable economy better than Nigeria economy, your money is value and can purchase a commodity with its value but the case of Nigeria is different, for you to have an extra income that can make to hold for a long period of time it takes the grace of God, this is why we see more fast profit oriented minds than patient hodlers, I see this btc transaction fee as an opportunity for the lightning network to be more valued.
There has been several occasions of people saying buy and hold without consedring the negative effect it has impacted on many people live. Lets take for instance, when bitcoin was at ATH of about $69k somany people bought at same price expecting it to hit $100k and above while some baugh at the price when it was 40, 50, $60k conservatively. When it was going down to even $20k people keep on holding. Now it's about 2 years since bitcoin fell and never meet up with the price they baught. And they are hoping it comes back after losing huge amount of money. New investors are are taking advages of it while the old investors are regretting.
So I sudjest sometimes if the market is going down beyond bearable measures, there is need to swap your BTC to USDT to keep your capital safe in other to buy back when it is going up to avoid loosing some huge amount of money.
So what's your sudjestion on this.
For short term holders, this post makes so much sense but regarding five years holding as something too long is what I don't understand. Bitcoin have a four years cycle, so it is expected that anyone that want to go into Bitcoin much understand this to be able to plan his finances well. You don't buy at the peak of the cycle and expect to make profit the same year or the next year without waiting for the next cycle when Bitcoin is expected to make a new high. So I sudjest sometimes if the market is going down beyond bearable measures, there is need to swap your BTC to USDT to keep your capital safe in other to buy back when it is going up to avoid loosing some huge amount of money.
So what's your sudjestion on this.
The best approach is to buy and hold from one market cycle to the other, in that case you will be sure to make good profits. By the way. It is not expected that one should put all his life savings in Bitcoin; just invest spared money that you can afford to loose.
BTC is synonymous with long-term patterns if you want maximum results. What the OP said may also make sense because looking at the current situation. Frequently changing market conditions, whether economic, political or technological factors, can affect the value of an asset. Yes. This may require adjustments to your reinvestment strategy.
But, my view is simple. If someone wants to have a round of money every day, don't use this model but just use the day trading one. One more thing, transaction costs, especially BTC gas, in the near future will also be very high.
But, my view is simple. If someone wants to have a round of money every day, don't use this model but just use the day trading one. One more thing, transaction costs, especially BTC gas, in the near future will also be very high.
Yes, yes, swap BTC to USDT to catch the collapse of the next stablecoin (quickly forgot what happened to stablecoins almost recently), when all your assets are transfused into this trash.
Generalizing it to something like"Do not swap your bitcoin to any altcoin".
Altcoins include stable coins (USDT, USDC, ...) or Tokens which are created to peg their values with Bitcoin value. Those tokens are like stable coins but with different terms and names.
They are called as Wrapped Bitcoin tokens but always remember they are not bitcoin and you don't own bitcoin if you have those Wrapped Bitcoin tokens.
Wrapped tokens.
So I sudjest sometimes if the market is going down beyond bearable measures, there is need to swap your BTC to USDT to keep your capital safe in other to buy back when it is going up to avoid loosing some huge amount of money.
So what's your sudjestion on this.
Yes, yes, swap BTC to USDT to catch the collapse of the next stablecoin (quickly forgot what happened to stablecoins almost recently), when all your assets are transfused into this trash.So what's your sudjestion on this.
"Holding for long might not be the best option." - tell that to early bitcoin investors. Those who sold the bitcoin at $1, $10, $100, $1000 and even $10,000 will probably disagree with you.
My opinion is that you are very seriously mistaken. The experience of past years shows (and proves) that holding bitcoin is the most productive way to increase capital in cryptocurrencies. Everything else is lyrics.
This depends on each person, there will be people who will accept to cut losses at a certain price if the price drops beyond what they think, and then they can also look for a more suitable price to buy back to optimize their portfolio. But there are also those who accept long-term holding and continue DCA every time the price drops deeper. I think any option is reasonable depending on each person's plan and the amount of capital they have.
Correct. We don't know what everyone thinks, if someone deliberately buys Bitcoin every month and at any price with long-term investment goals, it doesn't matter, he also buys using DCA every month. However, compared to cutting loss and then buying at the lower price, it is also good. This decision only they are capable of making. I myself have also bought Bitcoin at a price of $20k and then Bitcoin plunged, I didn't sell and just kept it. Then I bought again when Bitcoin was at $7k until now I am still get the profit
I think that as long as we have a specific investment plan, we can use either option. I also bought at a higher price but then I cut loss and bought back later at a lower price. Thanks to that, it helped me quickly recover my capital and even make some significant profits, but if I hadn't cutloss and continued to hold, I probably wouldn't have made any profits during that time because that's all the capital I have. So I think it depends on the person and how much capital they have. We should not be too rigid with a certain method but need to be flexible to optimize our investment portfolio.
Very Wise. This might be an option for people who experience investment problems due to making purchases at low or high prices. It is true that a flexible attitude can provide good results because our main goal remains portfolio growth. Maybe an attitude that is too rigid can hamper portfolio growth a little. I'm sure everyone has their own plans and maneuvers which depend on personal experience or other people's intervention.
There has been several occasions of people saying buy and hold without consedring the negative effect it has impacted on many people live. Lets take for instance, when bitcoin was at ATH of about $69k somany people bought at same price expecting it to hit $100k and above while some baugh at the price when it was 40, 50, $60k conservatively. When it was going down to even $20k people keep on holding. Now it's about 2 years since bitcoin fell and never meet up with the price they baught. And they are hoping it comes back after losing huge amount of money. New investors are are taking advages of it while the old investors are regretting.
So I sudjest sometimes if the market is going down beyond bearable measures, there is need to swap your BTC to USDT to keep your capital safe in other to buy back when it is going up to avoid loosing some huge amount of money.
So what's your sudjestion on this.
So I sudjest sometimes if the market is going down beyond bearable measures, there is need to swap your BTC to USDT to keep your capital safe in other to buy back when it is going up to avoid loosing some huge amount of money.
So what's your sudjestion on this.
I think it is not wrong to buy and hold. People who bought and held Bitcoin have made huge profits from Bitcoin. The people who bought Bitcoin at $69k I think had no idea about Bitcoin and the crypto currency market. It is never a good decision to enter where everyone is exiting. Bitcoin is not a magic currency that will make you profit whenever you buy it at any price. If someone enters Bitcoin at the wrong time, he will surely face trouble.
It should always be remembered that only a perfect entry can give us good profit. Bear season is always considered suitable for buying Bitcoin in which the price drops considerably and entry from here can give us good profit in bull season. If someone has made a wrong entry and there is a high chance that the market will go down then they can convert their Bitcoin to USDT, but the better way is to buy more as the market goes down if there is capital.
Buy and hodl is a good avice but now when btc is near it's ath. There are special accumulation phase for it
Even though there are investors who bought bitcoin at around 60k, 50k, and 40k until it dropped by 20k and are still holding it, I think these holders will still be able to recover as long as they don't sell at a discount.
Because when there is a bull run again, they will surely recover the original amount they bought for it, because it is still possible for them to make a profit when the bull run comes. That's the beauty when you only really hold Bitcoin or other cryptocurrencies.
Of course, holding for many years is somewhat a waste of time we think about it but this is how the crypto market works, sometimes(if not most of the time) we have to hold in order to earn more profit. May not be the best option but we must rather than suffer losses.
Wait for some months and bitcoin will reach all-time-high. That would likely be in 2024/2025.
For those that wants to invest in bitcoin, they should make research about it and study the historical chart of bitcoin, halving and how the price of bitcoin may go up after halving.
But those that do not make any of such research in the past will not still regret if they are able to hold their coins and not sell.
For those that wants to invest in bitcoin, they should make research about it and study the historical chart of bitcoin, halving and how the price of bitcoin may go up after halving.
But those that do not make any of such research in the past will not still regret if they are able to hold their coins and not sell.
For bitcoin to reach its all time high again we predict it would be in the end of 2025. It is a long time. For newbie investors, taking your time to use crypto research tools like Crypto Panic, CoinGecko, Coin Market Cal, will offer you insights into the bitcoin market from many years ago to many years into the future and what it would possibly look like after EFT approvals, Halving and others. However, if you are a lazy investor or a busy one who do not have the time to do this research, just buy and hold and you'll be safe.
This is why it's not good to always invest when there is high greed in the market, when people are rushing to buy Bitcoin it could already be too late, and when people say no to Bitcoin could be the best time to start buying, I learned this trick the hard way but I thank the almighty that I am still standing high today.
The majority of people are victims of this kind of scenario. When FoMO is created, people think it will be a good opportunity, but they realize it is wrong.Bexause whales make FoMO to grab people's money, and those who are simple people, when they see people's greed in the market, they also rush to enter the market. But by the timee he does, it is too late, and they lose his money. So it means to say that your point is absolutely correct and should also be done in the same way that when FoMO is created, enty should not be planned at all because whales often create hype in the market to attract people. Those who can liquidate what little they have also try to take whales in their hands, and these exchanges are the ones who create FoMO. These people know how many people can be liquidated under this plan of ours.
It is better that when the market is going up or down rapidely, you should go against FoMO because it is a trap and should be avoided. Everyone else knows what is good for me and what is bad for me.
This happened to me too. Whenever I hold a coin, it never goes back to the price I bought it for, or it goes back after I have sold it, but the ones that I sell with minimum profit end up being some of the most gaining tokens, like Shiba Inu and Pepe. I had been holding a token worth $10k for two years, but it has not yet gone back to the price I bought it for. Still figuring my way in the field. xD
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