When you hear or read people suggest to buy, it is because that's based on our experience that the price no matter what happens will eventually recover and rise.
Now, those that are in the phase of regretting and didn't managed to maximize the situation especially during the bear market. The lesson is there and all you need to do is to think of what you can do right now with that.
If you buy at this rate, the same scenario you're going to think of it and have your mind stress with the same thoughts.
The important matter to be learned here is, how long you are willing to stay on this market? Because no matter what price targets you have, the market is going to continue and it is no other direction to go but to go up and increase its demand as year pass by.
IMO, holding is still the best choice.
Topic: Holding for long might not be the best option. - page 7. (Read 640 times)
For many, the "HODL" mantra has been both good and bad. It fits with the Stoic idea of "weathering the storm of volatility," but its not always the smartest thing to do financially. The emotional ups and downs from the high of $69k to the low of $20k show how unpredictable the market is. A fluid plan is important, in my opinion.
Definitely, if the market keeps going down, it makes sense to protect your gains by switching to a stablecoin like USDT. Its about finding a balance between the hope of a recovery and the harsh truth of market trends. Your idea makes room for a plan that needs both alertness and quickness.
I believe that you should always have a way to get out of something. Not only do you need to know when to enter, you also need to know when to leave, even if only for a short time. Its not about selling in a hurry; its about keeping your money safe in case of a big drop. There might be a halfway ground between people who are HODLing and people who sell as soon as they see trouble coming.
Definitely, if the market keeps going down, it makes sense to protect your gains by switching to a stablecoin like USDT. Its about finding a balance between the hope of a recovery and the harsh truth of market trends. Your idea makes room for a plan that needs both alertness and quickness.
I believe that you should always have a way to get out of something. Not only do you need to know when to enter, you also need to know when to leave, even if only for a short time. Its not about selling in a hurry; its about keeping your money safe in case of a big drop. There might be a halfway ground between people who are HODLing and people who sell as soon as they see trouble coming.
Jeremy Sturdivant might be in good position right now. who knows if he holds the Bitcoin in his custudy up till date.
Nope, he sold the 10,000 Bitcoins for $400Sturdivant sold his 10,000 bitcoins for approximately $400.
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It's not possible to go below the $1k no matter how Bitcoin falls
Correct, but there's a possibility Bitcoin price will reach $1 Million or more. We might not make 5 Millions% ROI, since I trust Bitcoin I believe Bitcoin is still the most promising and safest asset since mass adoption not yet achieved.Quote
Like it's easy 😀 do you think gambling is a easy?
It was a sarcasm, only dumb people gamble to earn money, however this discussion should be in gambling board. If we talk about long term holding, we need to see about the performance when it's still a nothing to present. The simple logic is Laszlo bought 2 pizzas with 10,000 Bitcoins in 2010, now we can buy 1800+ pizzas with 1 Bitcoins.
Jeremy Sturdivant might be in good position right now. who knows if he holds the Bitcoin in his custudy up till date.Yeah we can't wait Bitcoin price to back below $1K anymore, but with the scarcity and other utilities that Bitcoin has, it's really make sense for people to hold for long term.
It's not possible to go below the $1k no matter how Bitcoin fallsIt depends on each person perspective, if I only talk about gambling I could say just buy any random meme coins and you will double your money in a day.
Like it's easy 😀 do you think gambling is a easy? 
My suggestion to those who haven’t been around a long time or don’t understand WHY Bitcoin is valuable is this… Think of Bitcoin like a subscription service or a union. You pay your dues monthly (stacking coins) to be a member and in turn you get to be a Bitcoiner. When the shit hits the fan you will be protected and have the ability to spend. That’s what you’re paying for. Talking about trading to get rich is like saying you’re going to keep cancelling and signing up for Netflix to get rich. It just doesn’t work that way.
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.
Bitcoin will still exceed its all-time high what I don't know is when this will happen. That's why it is vital that you focus on long-term investment rather than short-term so that you can always wait till the price gets to your target. I still reiterate that Bitcoin will get to $100k. In order to reduce the risk of keeping Bitcoin, it is advisable to use the DCA strategy to buy your coin. This investing pattern will help you spread the risk of your investment because you will not suffer the same loss since you didn't buy at the same price. But OP you failed to balance your position because there are also many bitcoiners that have become millionaires because they held the coin for many years. I don't think swapping BTC for USDT is ideal because the latter is centralised so keeping it for a long time is unsafe.
If we talk about long term holding, we need to see about the performance when it's still a nothing to present. The simple logic is Laszlo bought 2 pizzas with 10,000 Bitcoins in 2010, now we can buy 1800+ pizzas with 1 Bitcoins.
Yeah we can't wait Bitcoin price to back below $1K anymore, but with the scarcity and other utilities that Bitcoin has, it's really make sense for people to hold for long term.
It depends on each person perspective, if I only talk about gambling I could say just buy any random meme coins and you will double your money in a day.
Yeah we can't wait Bitcoin price to back below $1K anymore, but with the scarcity and other utilities that Bitcoin has, it's really make sense for people to hold for long term.
It depends on each person perspective, if I only talk about gambling I could say just buy any random meme coins and you will double your money in a day.
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.
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.
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