Topic: Holding for long might not be the best option. - page 4. (Read 780 times)

1 btc=1 btc and as long as they don't sell they won't lose money, but what they lose is time.  while it took them 4 years to make a small profit, many others bought bitcoin for $15k-20k and made huge profits.  therefore, I agree with the OP that holding it for a long time is not necessarily a good choice.  but the decision will depend on each person, I see there are people who support continuing to hold, but there are also people who will accept to cutloss and come up with a new investment plan.  it's completely up to each investor, let's do what we feel is best.

Everything has its ups and downs. Humans have been dynamic and changing creatures and have faced change throughout their history. As with Bitcoin, Bitcoin is dynamic and changing. The Bitcoin market has had ups and downs since its inception. We saw the Bitcoin market rise to $69k and then fall to $18k. In that case, Bitcoin is moving at its own pace. People have invested in Bitcoin at different prices at different times. Many of them bought at the highest price and many bought at the lowest price. As for those who bought at the highest price, there is nothing to be disappointed about. And letting those who bought at the lowest price sell their bitcoins is foolish. Those who invest in Bitcoin for the long term should be patient with that goal. Patience will definitely pay off.

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.

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.

- I think it depends on each person's investment strategy and whether the money used for investment is idle cash or borrowed. If it's borrowed money and you bought at the peak price of $69,000 for 1 BTC, then it's probably an unbearable loss as the price dropped to $15,000 within 2 years. Cutting losses would be a necessary step. But if it's idle cash, and with an asset like Bitcoin that has been accepted, holding for the long term, maybe 10 years, the $69,000 peak might not be a disaster. You could still make a profit if you persist in holding because the long-term trend of assets tends to increase.
- I know some people who held onto Bitcoin since 2017 without selling, and they thought they bought at the peak when the market crashed, and Bitcoin went down to $3,000. If they hadn't held firm and continued to hold, by 2021, when Bitcoin reached $69,000, they would have regretted selling. So if someone is holding Bitcoin at $69,000, patience is key, waiting for the next price increase cycle.
It's difficult to know precisely where the top and bottom are at the current moment. Only after a certain period can we recognize it. Sometimes, after we cut losses, it continues to rise. No one can accurately predict the trend, so the dollar-cost averaging method for buying and selling will limit those times of FOMO (Fear Of Missing Out) when going all-in on the market.

You think those hodlers that applied long term in their hodling don't know what they are doing right, just wait for the end of this year to see what long investors will showcase for other people to see as an evidence that will attract people like you to switch from short hodling to long hodling. I believe those that bought BTC when the price was $69k know what they are targeting in their investment because, there are some investors waiting for the price of BTC to rise to $100k before they can sell to save the money in their bank account to establish other businesses that will be bringing profits to them.

If you want to make a good profits from your BTC investment, just remove the spirit of fear from your long hodling because many people are still regretting for not hodling for long last two years when the price of BTC hit $69k that made many people to earn what they have never earn before in their BTC investment.

Well investingn in Bitcoin often requires a long-term perspective because of its historical price volatility and we all know that. The key aspect is the ability to weather market fluctuations with a patient and resilient mindset. I think those who held through the cycles before have potentially seen substantial profits and since the cryptocurrency market is known for its bullish seasons, the ability to endure disappointments is normal for investors. However, it's essential to balance this approach with risk management. While holding can be a rewarding strategy, individual circumstances, goals and risk tolerance should guide hodling decisions.

If you are a bitcoin investor then you must hold it for a long for a good profit. Because being a Bitcoin investor is not easy. If you investing Bitcoin you have to mentally prepare for hold long time for get a good amount profit. You can see the price chart of Bitcoin the price is increasing day by day. You can see the price also drop in bearish season and price goes up in bullish season. You can see the highest price of Bitcoin something 69k dollars. And it fell down 15,700$. Those who hold it for long time they get a good amount profit. Without holding mentality you can't get a good amount profit in my opinion.

This is why once we decide to invest in bitcoin, make sure that you are going to hold it for long term, let's say 5-10 years may be good enough. And always invest using your spare money so that even if your price expectation will not be achieved, at least you would not be in panic trying to sell it at a lower price in order to cut your losses. Bitcoin is for long term investment, that is if you aim to maximize your profits when bull run comes.

However, due to the hype that happens when bull run is present, it's hard to stop the people from buying bitcoin even at its higher price. Their mindset is that bitcoin price will keep on growing and once their target price is achieved, they will immediately sell their coins and gain massive profits. But in reality, bitcoin sometimes follow an opposite direction. Instead of seeing it soaring high, its price will suddenly drop at its deepest that will create panic on the new investors which made them decide to sell at a loss.

Two contradicting threads at the first page, quite unusual. I undertand the points the OP made, I think the best approach would be to spend some of your bitcoin when you can exchange it for more goods (in the era we live in, we still buy in dollars most of the goods). But this is not easy at all, and when fomo comes, it is not easy to keeo your head cold

Bitcoin’s history is full of people with weak hands who sell when the price goes down & don’t buy back in. They then inevitably look & feel stupid when we soar to new highs. OP you mention about 2 years, suggesting that is long term holding. It isn’t long term holding, you need to hold for at least 4-6 years & then you will see that it’s very unlikely you will be in anything other than significant profit. Lots of people don’t have the balls to invest in bitcoin & ride the volatility waves.

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.

OP everything you said makes sense but no one can ever safely convert btc to usd at the right time. For example, when BTC reached $69,000, everyone thought that Bitcoin would soon reach $100,000. Because when the market goes up, there is a greed that awakens in everyone, that greed makes people hold onto their bitcoins. Later, when the market goes down, everyone starts to regret. But I can say Bitcoin investors are never 100% successful. However, every Bitcoin investor should aim to sell their investment when it is successful.

Aside from that, people who have bought at ATH might not have enough experience during bull run. Without the idea of the possible pullback and from what level, or getting FOMO as they see a post, or someone says that the Bitcoin will reach a higher price. Due to their fear of not having the possible profit, they end up buying at the highest price.

Many crypto investors experienced this during the previous ATH, some have already sold their holdings because they can't hold for a few months or years until the price of Bitcoin increases. They might think that Bitcoin is an easy money-making scheme and that if they invest, they can make a profit easily.

To begin with, let discuss this "long-term" Bitcoin business. Everyone's long-term clock runs differently - ix months, a year, or until we're all driving flying cars. The truth is that profit-taking in a bull run is smart and necessary. People talk about "HODL" until the cows come home, but theres another side.

Cashing out at high prices isnt a difficult task. Keep an eye out and feel the pulse. Market secrets produce wealth for those who listen. Its about profit, but also about not being left holding the bag when the music stops. Theres no crystal ball, but if you dont see trends, you're losing money.

"Profit is profit" - simple yet profound. Dont blame yourself for missing the train. Being aware isnt enough; be action. There's a fine line between courage and recklessness in this game. Play carefully, take your successes, and dont be fooled by unachievable gains. Bitcoin is more than a currency or asset - it tests wit and nerve.

Those who buy Bitcoin at the ATH will only be at loss if they sell below their buying price, and let's not blame them, I believe they bought Bitcoin because they believe the price will rise even higher, if such thing happened to me I will keep the Bitcoin, and when a new low happen like the $15,000 then I will start Buying Bitcoin again, by 2025 they will make more money still, and their old Bitcoin will return to it's old value that it was in 2021 and I believe Bitcoin will surpass $70,000 this time so its still a win win situation.

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.

Many new crypto investors don't know about Bitcoin but they only worry about how to buy Bitcoin, it's their own lack of learning that make them buy the top when they should be selling, they turn themselves into old investors exit liquidity.

that is the importance of planning in investment. Investing is not just buying and holding. planning to sell it at a profit or even sell it when it hits the loss limit is also important to plan.
but for assets like Bitcoin, most holders have very high confidence in future returns. So when there is a decline, what happens is that you continue to accumulate the number of Bitcoins in your bag. and when the ATH price is touched, it will provide quite a large profit.
Maybe the thinking would be different if the topic was a particular altcoin. even when discussing shitcoins or memecoins.

Dude, that's why predictions and technical analysis are required before buying an asset or bitcoin itself. Of course, if the investor decides to buy bitcoin, he or she should consider or do analysis before buying and do long-term trading. Long-term trading doesn't mean a guaranteed profit, and if you do long-term trading, the trade still has downsides. That's why equity is important for a trade. Long-term doesn't mean it should take years; some investors choose to let their assets sit for years. Maybe because they don't have anything to do with their asset or they just choose to hold their assets there, trusting bitcoin, but of course it's the call of the investors. Yes, it could be a disadvantage, but there are different meanings for investors in the long term. Also, short-term trading is very risky. That's why it will all depend on the situation and how the traders do their thing.

This is what I don't get with some people that's exiting bitcoin when their current HODL valuation goes down, they want to cut losses when that's only a thing that you do when you are investing in any other cryptocurrency out there, whenever someone I knew that has invested in bitcoin has do this and try to justify that action, I just laugh at them because while they're cutting losses when the prices go down, I'm busy finding money to buy more bitcoins to increase what I currently have.
Thank Satoshi, I don't have that regret/FOMO anymore because I've learned my lesson that when the price is on the red and it's continuing to go down, it's an opportunity to buy more bitcoins for a low price and get more value for what I have paid for and right now, I am sitting pretty on a huge amount so I'm not worried that I won't be able to buy more now.

When it comes to the world "long term" then it would really be that depending on someones preference yet there are ones who would be talking just only for 6 months and there are ones who do talk for 1 year or a couple
and there are those people who would be talking until the end of time.  Therefore, when it comes in talks about profit taking then it would vary and there's nothing we can do about it but i do agree on the fact
that there should really be that profit taking thing specially when its already peak of the bull run. How to determine? There's no way on knowing but it would really be pretty darn obvious if we do speak about
price peaks and as long you do already get that profit then cashing or selling it out is never been that a bad idea.

Just like on what most people been saying that profit is always profit and this what matter the most and dont make yourself getting left again by the train.
If you've been here able to witness those bull run times then it would really be that impossible that you arent really that wary on how things works.
You shouldn't really be making yourself dumb or careless this time.