Holding for long might not be the best option. - page 5.

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Quote from: Pi-network314159 on November 09, 2023, 03:55:00 AM

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.

From what you are saying, that is obviously one of your assessments or assumptions. Because when it comes to accuracy, you cannot say that what you mentioned here is 100% correct. How can you say, or have you said, that Bitcoin is not a good option for long-term holdings?

Because if you look or take a look since Bitcoin was created in 2009 until now in 2023, have you seen that the price value of Bitcoin has remained or continued to fall? Not really; instead, what you or we will see is that Bitcoin will face the same uptrend and downtrend, but most of the time it will always be an uptrend.

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Quote from: Pi-network314159 on November 09, 2023, 03:55:00 AM

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.

Holding should be throughout more than one halving cycle...additionally, it should be after an entry that is made over a longer period of time. Your example uses specifically those who entered exactly at the all time high of the last cycle. Of course if you enter then, it could be around 4 years before you see break even figures again. Though if you gradually enter strategically every week or month over a 1-2 year period after the halving peak has passed, you might see a much more pleasant result in the 2-4 years following.

Dollar cost average your entries, restore liquidity during halving peaks to take some profits at peak prices, use liquidity to dca after the peaks from halving, repeat. This is a multi year process.

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Quote from: Cryptomultiplier on November 09, 2023, 03:47:18 PM

I really would not blame a newbie for not knowing the right time to buy BTC. Or knowing how long to maintain a HODLing investment for best profit. Afterall, that's why they are called newbies in the first place.
Since there are also not so many known broadcast channels where legit crypto signals is given out, it would be hard for new BTC investors who are so motivated, to ascertain the dip or tell the distinction between bullish and bearish seasons respectively.

Anyone investor should be left to try out their best strategies and stick with the one that pays best. This is how pro traders and whale investors are made.

Even long time holders or traders are still having hard time in deciding whether to buy or not.
But if you are using spare funds, it won't be very hard to decide as you can wait the right time to sell.
And talking about crypto signals, I don't think they are worth checking out. I don't know how you can label them as legit.
But so far, crypto signals won't be your savior in this market. Better do your own trading and learn the trade by experience.

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I really would not blame a newbie for not knowing the right time to buy BTC. Or knowing how long to maintain a HODLing investment for best profit. Afterall, that's why they are called newbies in the first place.
Since there are also not so many known broadcast channels where legit crypto signals is given out, it would be hard for new BTC investors who are so motivated, to ascertain the dip or tell the distinction between bullish and bearish seasons respectively.

Anyone investor should be left to try out their best strategies and stick with the one that pays best. This is how pro traders and whale investors are made.

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OP, there are no legal advisors for Bitcoin investment; Bitcoin doesn't have a rule of investment by law, but newbies follow the steps of other experienced investors or holders of Bitcoin, and there's no way anyone (experienced Bitcoiners) will advise you to buy Bitcoin when the price is very bullish. People who bought Bitcoin when the price was $68k took a risk because they wanted to make a quick profit since they thought it would get to $100k, while they all knew that it was already a bull market, and if it shifts from the bull period, we're going to enter the bear season. So it was a risk they took, and no one would blame them for it. Experienced Bitcoiners always advise you to buy and hold. How can you know the dip? You can compare the previous ATH of Bitcoin to the current price, and since the last ATH was huge, you know that if you buy at the current price, you will make a profit in the coming bull market. Some investors, mostly newbies, land themselves into buying in the bull run while it's advised to buy in the dip.

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Quote from: Pi-network314159 on November 09, 2023, 03:55:00 AM

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.

A bitcoin investment is not a two-month or one-year investment. Long-term Bitcoin investment pays more than short-term Bitcoin investment, which is why you should use the money you are not in need of anytime soon for Bitcoin investment.

Many people invested when Bitcoin was in its early stages and got huge profits, and I am sure some of them are still holding their Bitcoin or some portion of their Bitcoin.

I understand you that people could have sold their Bitcoin when the price hit its ATH, but remember, Bitcoin has potential and the price is unpredictable, which is why they cannot know if the price is going to drop below that then, but if these same investors keep holding their Bitcoin, they will surely gain from it because of halving next year.

Quote

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.

It is a good suggestion for people who have little faith in Bitcoin. Although if you feel insecure with the price movement, you can sell or set a sell limit, the best thing to do is to sell some portion and keep holding some.

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Quote from: Pi-network314159 on November 09, 2023, 03:55:00 AM

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.

Different people have different mindsets --> Whatever happens, hold on to your Bitcoin. No doubt the context of this person is about new trends and your context is about saving money instead of losing in a downtrend. Well, that's why we use stop loss to avoid huge loss. I can't imagine the pressure and stress of those people who bought it 2 years ago at the price tag of $50k or $60k because no doubt till now they might be becoming greedy to book some of the capital while the market covers a lot (as currently it is around $38k).

I will say the same, that we should not hold onto our loss for so long and should set stop loss so that when the market goes below our expectations we would be able to save funds and could take entry again.

But the topic I mentioned above says we should hold onto our BTC while we are making profit, because currently market is going up and we might be becoming greedy here too, to book profit or seed profit which is not a good time to book because market still have a lot to grow.

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Quote from: Pi-network314159 on November 09, 2023, 03:55:00 AM

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.

Not everyone can be pleased about long term holding. It is for those who kept believing in Bitcoin for the long term no matter where the market goes.

That is what I do as I kept believing that BTC would finally break through after doing DCA for most of last year with my extra “not beer” money. I bought them somewhere between the $30k to $31k during my first 2 months and then between $19k to $23k after that.

I did not swap my BTC to USDT when things gone southward as I kept holding to it and eventually it paid off. Not all of us are lucky and fortunate about keeping our BTC for long.

I also allocate some of that to ETH as well, but I have made a bad decision for keeping it in a hot wallet that is vulnerable to hacks and ended up getting drained.

As of today BTC is about to climb to $38k so it is really parabolic right now. If the bulls cannot keep up the new support level and crashing the resistance, then most likely we would be losing momentum thus a gradual correction.

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Quote from: AicecreaME on November 09, 2023, 10:47:27 AM

Quote from: Pi-network314159 on November 09, 2023, 03:55:00 AM

<...>
So what's your sudjestion on this.

Don't buy at the top.

Don't buy just because of FOMO (fear of missing out), that's why many investors are waiting for too long because they bought at the peak price. And they never lose any money while waiting, their Bitcoin stays in their wallet, but the price is not the same, so technically, if they wait for the next bull run, they will make a huge profit if they have a big patient as well, simple as that.

If you buy bitcoin for $69k in 2021 and sell bitcoin during the 2025 bull season for $100k, do you think that's a huge profit? Meanwhile, you have to hold for 4 years and only get back x2 accounts, do you think that is worth what we have to trade?

Investing requires knowledge and clear planning, we should not invest blindly. In investing, if we are excited when we receive profits, we should also be brave to accept losses, that is the law of finance we need to know. Therefore, if we buy at a price that is too high , we should cutloss and start over instead of holding for a long time and making a negligible profit.

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If you manage to buy at the lowest price of the bitcoin like $3k last time of 2019 and hold it last ATH I guess those are worth it times and now the price has a bottom of 25k$ and we know halving is coming to another wave of ATH will get there but again it's not just a straight forward we reach the bitcoins top at the end of the day is still there's some sideways, fluctuate of the market and other factor reason why it considers to have a selling pressure now it now depends on the person who deals with it because if they make a short trade for profit nothing wrong or holding long term or could do both as long as they get satisfies with their earnings.

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Quote from: Pi-network314159 on November 09, 2023, 03:55:00 AM

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.

The main mistake here is buying at or near an ATH, not hodling afterwards. People often make this mistake, and it is unfortunate that they do. It's just that Bitcoin gets way more attention when it's on the bull run, and FOMO is a big feeling that can motivate serious errors of judgement. So, instead of buying at ATH, a person can simply wait for a lengthy bear market to make an investment. But if someone has already bought Bitcoin at ATH, I think it's better to keep hodling till Bitcoin finally recovers and gets even higher (but be prepared that it can take several years) than to sell at a loss.

AicecreaME

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Quote from: Pi-network314159 on November 09, 2023, 03:55:00 AM

<...>
So what's your sudjestion on this.

Don't buy at the top.

Don't buy just because of FOMO (fear of missing out), that's why many investors are waiting for too long because they bought at the peak price. And they never lose any money while waiting, their Bitcoin stays in their wallet, but the price is not the same, so technically, if they wait for the next bull run, they will make a huge profit if they have a big patient as well, simple as that.

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Quote from: Pi-network314159 on November 09, 2023, 03:55:00 AM

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.

That's why I think that before investing the investors and those who give suggestions need to have some basic knowledge. Those who will hold or invest for long term must also follow that they should find dip to buy and wait to sell at high. Moreover, holding or investing for the long term does not necessarily mean making a huge amount of bitcoin investment at once.
For this one should initially adopt a DCA strategy and then invest a certain amount of bitcoins over a period of time. Through this, the possibility of risk of loss in investment can be reduced. Moreover, if you think that Bitcoin will not touch its all-time high price again, you are wrong. It is 100% sure that bitcoin will definitely cross its all-time high price again. So I think if you are going to lose by selling bitcoin at low price then I think holding is better than selling. I myself invested when I had 60k+ bitcoins and still holding it.

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Quote from: btc78 on November 09, 2023, 06:44:37 AM

this is what bugs most investors

a lot just wants to hop on the trend while some wants to get off of it as soon as possible once they see the price drop even a little bit

what’s the most important is to gain knowledge read and learn about how a market works, when to enter and when to exit, what are good indicators of bull or bear markets you have to be early in buying but not too late when selling

never be filled with emotions when investing you might suddenly buy a coin once you see it gaining value because of fomo but then once it drops you hold on to it for too long but never reaches the value you bought it for this might be the case for altcoins but since you used bitcoin as an example just look at bitcoin’s history and the cycle that it has followed for years now

Exactly, some people are afraid to hold Bitcoin for a long time because they don't want to lose money and you most likely will if you want to succeed on investment and you need to be patient again, if bitcoin drop is an advantage for the people who did not invest early so that they will invest and get profit don't sell your coin when you see the price drop a little he will definitely raise again, That is why they want people to invest for the long term rather than the short term because if you invest for the short term, you will not make a large profit or lose money. That is why, before you start your investment journey, you should do some research about it so that if you start, he won't give you too many worries because you have knowledge on it, you should get enough ideas about bitcoin before you start investing your fund on it so that you won't be complaining even if the price is high or low you can invest small money on it because you don't know when the price will drop and invest large, so don't waste the opportunity you have anytime is the ideal moment to buy in bitcoin because it is volatile.

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Quote from: Oshosondy on November 09, 2023, 04:00:50 AM

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.

That's not something I will not dispute and never have I agreed on something this much because of how correct it is and it's simplifying the explanation as to why bitcoin's the best investment. I would probably be using these phrase or the idea of it to explain why bitcoin is a good investment to be had.

Quote from: libert19 on November 09, 2023, 08:00:47 AM

I've been there, albeit in alts, had it been btc I wouldn't regret it as much. In previous bull markets I held alts for too long that either they went dead or significantly down to never recover again to their previous heights.

What I said happens with alts and not with BTC that's good thing about it.

The problem with altcoins is the fact that most of them are mostly riding on the hype that bitcoin generates so when bitcoin starts to ease out of it's bullrun, most altcoins go down with it at a much worse kind since they've got more people invested in it hoping that the price would continue to go up.

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I buy and hold but never I say forever as it can be done when there is a good opportunity.

Indeed, it was not necessary to hold for many years but rather take the chance to sell if there was one. It definitely depends on our way of investing but I see that those who are very active in the market seem making a huge profit rather than those who are holding long-term. Besides, we can make a good play with the market volatility as even if the ATH doesn't come again, we have made money already.

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Quote from: SquirrelJulietGarden on November 09, 2023, 09:16:58 AM

Quote from: lombok on November 09, 2023, 09:11:13 AM

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

If the market is going to move around all time high in a bull run, it's not good idea to DCA. I know we can not find an all time high or a bottom of each market cycle and we only know about those prices after they appear a long time. We know about all time high when bull market gone and we are in a bear market for a while. We know about a bottom when a bear market gone for a while and we are in a new bull run.

Stop DCA when you think price is too high, greed is too high and you can wait for bear market to DCA in order to maximize profit from DCA strategy. From all time high, Bitcoin usually hits its bottom after 80% correction.

This is a good suggestion. What I did a few years ago was a mistake, although it was still profitable because in the next bullrun circle Bitcoin was lucky to reach an ATH higher than $20K. DCA during Bitcoin's bearish period feels more effective and optimal, it's just a matter of waiting and thinking, whoever is able will get the benefits.

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Quote from: Oshosondy on November 09, 2023, 04:00:50 AM

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.

But on the contrary, I think holding and not swapping isn't a very nice idea and let's say, someone bought $100 bitcoin at the price of $65k before the price started dropping, will it still be wise to hold and watch your money get liquidated, because there is no way some one who bought $100 bitcoin at its ATH wouldn't get liquidated when the priced dropped to $16k and I think I stand with the opinion of the op that rather than watch your funds get liquidated, it would be be better to swap to a stable coin while watching the market so as to stay in a safe space.

What I'm trying to say is that, the higher your capital, the safer you would be and people who suffer most are those with relatively very small amount of investment.

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Quote from: lombok on November 09, 2023, 09:11:13 AM

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

If the market is going to move around all time high in a bull run, it's not good idea to DCA. I know we can not find an all time high or a bottom of each market cycle and we only know about those prices after they appear a long time. We know about all time high when bull market gone and we are in a bear market for a while. We know about a bottom when a bear market gone for a while and we are in a new bull run.

Stop DCA when you think price is too high, greed is too high and you can wait for bear market to DCA in order to maximize profit from DCA strategy. From all time high, Bitcoin usually hits its bottom after 80% correction.

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Quote from: legendbtc on November 09, 2023, 06:41:54 AM

Quote from: Pi-network314159 on November 09, 2023, 03:55:00 AM

So what's your sudjestion on this.

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

Topic: Holding for long might not be the best option. - page 5. (Read 640 times)