Topic: Holding for long might not be the best option. - page 6. (Read 746 times)

Each person has a plan. If there are investors who have bought Bitcoin at $69k, they may have bought it because they were in a hurry to see the price of Bitcoin increasing rapidly. They buy it because they don't want to be late in taking profits. But unfortunately, they were too late because the price decreased and was at its lowest price.

However, some investors sell their Bitcoin when the price starts to decline and wait for the right moment to buy Bitcoin again. They will usually wait until the price of Bitcoin reaches its lowest price. Maybe they are just guessing where the lowest price is. And most people start investing in Bitcoin when the price starts to move up. Maybe more people will start investing in Bitcoin when the price reaches $50k.

Even though they had been given the opportunity to buy Bitcoin since the price was at $15k-$17k, but they didn't start buying it because they were still worried that the price would fall further. But when the price was at $20k-$28k, they didn't buy it and even now, they haven't started buying Bitcoin. So far, holding Bitcoin for the long term is still working well. We have seen it happen and it has provided huge profits for many people who have made Bitcoin their long-term investment.

Hindsight is 20/20. Predicting the market is a tricky game, and everyone's got their own strategy. While some may swear by the HODL mantra, others prefer playing it safe with strategic moves like swapping to stablecoins when the market gets rocky. It's all about finding the balance that suits your risk tolerance and financial goals. As a Bitcoin believer, I consider it a good long-term investment for being well-established and has support from the community.

As for gambling, I don’t view Bitcoin investment as a form of gambling, well, easy come, easy go, right?

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.

Did you know in the evolution of bitcoin it was worth next to nothing bitcoin value started at less than a dollar but today we have it currently at +36k with a $69k ATH,. What's giving you the fears that it won't go above the ATH again. Did you think the price got from nothing to $69k within an hour, a  day or week? No! It took years with variations of historical prices in each year and the classical way to make profits is by holding long and accumulating with each dip, for with the institutional adoption and utility bitcoin has its impossible for it to go zero like a shitcoin.

I sudjest no matter what, you still need to hold your coin. many people have already started the reason behind what would make you hold. When talking about bitcoin holding, we presume a long tern of about 10years or more.

If you have money just continue buying bitcoin. So that you will recover when it's get to ATH or more

Everything that has advantages also has disadvantages, and the truth about anything someone wants to do And that is why we need knowledge to know more about their advantages and disadvantages. As for me, after my research, I think that holding Bitcoin for a long period of time is more advantageous than disadvantageous, and when they talk of holding Bitcoin for a long period of time, I don't think they are suggesting just hodling it for less than four years before halving, which always occurs every four years. I believe when they suggest holding for a long period of time, they are suggesting holding for more than four years so you can witness one more bull run.
 
Assuming you have been holding Bitcoin for over 12 years now, will you be making a good profit or not? Surely you will make a good profit. So when you hear people say hold for a long time, it does not mean years short, like two or three or less. You need to do your research and know the reason why they are saying that. The bull run is among the reasons why people are suggesting that holding Bitcoin for a long period is the best because that is when the price always moves higher.The bitcoin market is unpredictable, and the timing market sometimes will never pay because of the price fluctuating. Are you telling me that when the price is going up, we should buy, and when it comes down, we should always sell? That can even make you continue losing your money. What makes some people think of converting their Bitcoin into USDT is when they are panicking because they invested what they couldn't afford to lose but when you invested what you can afford to lose I don't you be that panicking.
 
The bitcoin market is unpredictable, and the timing market sometimes will never pay because of the price fluctuating. Are you telling me that when the price is going up, we should buy, and when it comes down, we should always sell? That can even make you continue losing your money. What makes some people think of converting their Bitcoin into USDT is when they are panicking because they invested what they couldn't afford to lose but when you invested what you can afford to lose I don't you be that panicking.
 

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

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.

Yea with this your analysis I think you are correct. But it will only take time to achieve that.

If they bought at $69,000, they must do it with reasons like they believe Bitcoin will make a new all time high, higher than $69,000. If they hold, they must have reasons to hold it.

The challenge for them is now, in 2023 and only 6 months till halving, do they still have same belief and reasons to continue holding their bitcoin?

If their belief is the same like 2 years ago, they don't have painful feeling now. If you can not hold, you can not get rich but it is not enough. To hold and get rich successfully, an investor must pick a correct asset. It is not correct choice if they pick altcoins but it's very smart and correct choice to pick Bitcoin.

Just follow the 4-year basic cycle. You do not want to sell before August of 2025. It worked for the last 4 cycles and it will work this time too. No need to use any other calculations or buy some stupid signals. HODL is the best way one can get the most out of their Bitcoin stack. No way you can make huge profits by trading with Bitcoin. Not possible, I have tried that earlier. I am glad I was able to buy at a sweet price spot of $18k and I am already 2x my investment.

There are more successful stories of investors from the past who bought bitcoins in its early days and reaping the fruit of their patience right now because they sold it when the price was at An all-time high. That means more people are encouraged to invest for the long term rather than making it like a gamble where they sell some of their properties and invest in bitcoins waiting for the price to rise over a short period. while this is not a totally bad idea it is too risky rather you should just invest with the money you can afford to lose and let it be there until the price of bitcoins spikes again to the top.

Going back to the beginning, you should use an amount of money that won't ever impact your main finances. If you've been consistently using DCA and your hand is still strong, you should have achieved a low average buying price by now, right? Besides, bullish trends don't happen every day, but they will happen for sure. A new ATH will form someday, but no one knows when. Everyone hopes for good news in the next halving. Let's hope for that.

If you've made purchases at $69k and consistently buy BTC every month, have you ever bought when the price was below $20k? That would surely lower your average cost, right? Are you experiencing a 100% loss? Definitely not. Just wait and see.

I must say that I share your opinion, and my resolve is that no one should be a blind investor, we should rather be speculative than be copycats that invest only based on people's sentiments. I've mentioned before on the forum what you narrated about buying at a high price and still holding, and this is not a lie that some would have still been in many losses due to this. What I see here is that people are ill-informed and are blind followers and I even saw some of them offline where they might be at a bar or at a salon discussing Bitcoin. It's in this condition some people advise others to buy Bitcoin when they themselves do not understand the coin at all but are just fortunate to have invested at the right time.

My advice is this, do not just be a blind follower, be you, learn about Bitcoin investments and know how to interpret the chart accurately. The weekly and monthly charts should be able to guide any serious speculators well, and then moving the coin to USDT/USD might be the best option during a confirmed bearish market for the traders in this category.

However, that's for those with a light Bitcoin investment plan. For the real Hodlers, they continue to hold come what may in both bearish and bullish seasons.

It may not be an option for you or to other people especially if the amount they hold is just small since they can only get low profit for doing that. Unlike if you have huge balance at stake for sure once there's a bull run will came at projected figures will get hit then for sure with that you can earn a lot for holding your bitcoins for long months or even years. If you only have small fraction of bitcoin them maybe try to multiply it so that on next time that there's same event like the Bull run speculated by other people we can participate and have a good earnings when new set of price has been hit. Also we need to understand the market that there's no always up with it and we should learn how to secure our profit once price of bitcoin reach for its new ATH recorded. Since if we came late for sure we will just end up picking up some small pieces while bitcoin is starting dump.

You proved with your post that long-term holding is the best option. It's funny how you really proved the opposite of your opinion with your arguments.
69K USD was a bubble, right? When you buy during the moment when bubble is about to explode, this is your fault but long-term, it's not really a fault that costs you a lot. There is a halving in less than a year, what do you think, won't it reach 100K and higher? It will, I am 100% confident about that. While my confidence doesn't drive price, there are many reasons why it will happen and the blackrock's involvement in it is a huge drive alone, price went rom 26K to 36K and it's not halving yet.

Consedring the volatility of bitcoin and how expert explain BTC future, do you still believe in buying when it's deep or keep on a accumating? Because judging from your statement you are talking of trading. It's only a trader that always invest ehen the market is red.

Why do you called it a lame excuse if I may ask ? because my thread is base on sudjestion. I never said one should not hold, but strategy to reduce the risk of loosing more. Although my topic might give you the inpression but not what you think. Here is a place to learn not a place to abuse.

Do you really think it is safe to sell BTC for these so-called stablecoins, if it is a known fact that most of the so-called stablecoins can be frozen/seized regardless of the wallet it is in? What you advise is only part of your problem, because if you don't want to have BTC anymore, sell it for fiat and turn it into cash as soon as possible.


I advise that all those who have elementary problems with finance and mathematics first learn the basics, and only then get involved in serious matters. Every investment is a serious matter, not some child's game in which a small amount of money magically turns into a big pile, and all this while you sit in front of the computer and do almost nothing.

By the way, it is correct to say suggestion.

What do you mean by long though? What is the timespan that you're talking about that you consider to be long? Because time is relative for anyone and our definition long is a variation so I just want to ask the specific length of time. Maybe this kind of mindset of being afraid to hold your bitcoin for a long period of time is probably rooted in the fact that they're probably too focused on their bitcoin investment in that they don't have any other means to make money so they try to get profit at a short-term to sustain their daily needs.
I would agree with you about the union part though, your contributions will eventually pay off because you know that they're going to have your back. Subscription though, I feel like that's not how bitcoin is, subscription doesn't imply that you're going to get anything back out of your subscription fees from that services, bitcoin is more akin to a doomsday prepper saving tons and tons of salt, it might look stupid now but when everyone has a bland meal when the apocalypse happens, salt will be worth more than gold.

This is a lame excuse, holding is still the best option.

Before you start buying any assets even if it's not Bitcoin you need to know when to buy, you can't always buy when the market is fully in green, where many are already waiting to dump on new comers like you, lack of knowledge is what's affecting you right now, open your eyes.

The best time to buy any assets is when no one have interest in them, you want to get there when many people are getting out and don't want to buy, that's why we all target the bear market as this thing is when panic and bad news take over the space, it's also when Bitcoin hits a new lower price, this is where you should be buying.

Those who bought at the top have no clue about Bitcoin or they believe that Bitcoin was going to $150,000 or $1000000 like some people are speculating in 2021, this made some people jumped into the market, lack of knowledge will make many people to repeat the same mistake in 2024. Learn to understand how the market moves or risk becoming one of those people.