I have to hold on tight | Bitcointalksearch.org

rachael9385

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Quote from: Solokan on January 22, 2023, 09:04:37 AM

I just saw the market, it turns out that the bitcoin price has gone up.
and I feel very happy with the increase in the price of btc, and I bought btc at a price of 17000 and I just saw the market now the price of bitcoin is 22000.
but do you think I should sell it, or keep it? because I'm afraid the btc price will drop again to 17000,

but now I decided to hold on tight, because from the start I planned for a long term investment. and it's not certain that I can scrape again from the bottom.

I ask for tips from you, how can I be strong enough to resist, and not be tempted by prices that have already increased?

and your explanation will be very much appreciated, and
hopefully this is useful for all of us, especially for beginners like me...

I think I still have to come back to this thread, I have to hold on tight my question is, are you still holding? Because you bought @17k and you were happy when bitcoin climbed 20k.
Today as we speak, Bitcoin is $70,200k if you are still holding that means you should be more happy than the past. I believe that you have gotten enough ideas on how to hold Bitcoin for a longer time, now I ask again, have you hold from then till now? Bitcoin will still increase and we will all be happy we just have to continue holding up what we bought, if you bought Bitcoin you better hold it.

doomloop

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Quote from: Zanab247 on March 20, 2024, 12:13:34 PM

I know many people have sold their BTC in this bull run that just happened in this month of march but there are still some hodlers who are hodling their BTC because, they believe that the massive bull run will surely happen before the end of this year 2024.

The bull run doesn't necessarily have to be in 2024, we should expect that to happen somewhere within the 2024-2025 range because a bull run generally stays for about 2 years and then the market starts declining from there and a new cycle begins with a new bear market and an anticipated bull run to be followed by it.

And you are right, a lot of people must have already taken profit when the price of Bitcoin reached $73k, and most of those people must be those who bought Bitcoin at the previous bull run when Bitcoin reached $69k and then crashed from there. They have waited enough and probably couldn't wait longer than that.

Uhwuchukwu53

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Quote from: bounceback on January 24, 2023, 09:38:03 AM

If your initial strategy is to invest in bitcoin for the long term, my advice is that you must be consistent with that plan, you don't need to worry about the future price of bitcoin because so far bitcoin has been proven. can get higher grades year after year.
Right now you may be a little tempted to see your portfolio value increase so you are hesitant to continue holding or selling it now, but you need to be aware that the return offered by bitcoin in the future is greater than the return you get if you decide to sell at the current price.

For the holding plan to be effective one need totally zero it's mind once the investment is already made and should give a specific year in target because if one continue to watch on bull run the zeal to continue hold or practice the Long term holding will definitely failed and one should avoid having the investment as source of income to it's daily activities because that will be obstacle that will trigger not been able to practice the Long term holding.

Mpamaegbu

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Quote from: encryptogon on March 21, 2024, 08:17:58 AM

Quote from: Solokan on January 22, 2023, 09:04:37 AM

~snipped~

Imagine a person who purchased BTC in 2011 and held it for 13 years, his profit from this investment is huge.

I'm sure anyone hodling that long will either be having numerous wallets with Bitcoin and then decides not to move certain wallets or they're simply dead. You can't tell me someone will witness two Bitcoin circles (and the third one is around the corner) and the drama of their halving and still conquer the temptation of taking profit. That's almost impossible. They must be taking profit from somewhere else.

Quote

Now think you are that person in 2035, you can calculate the profit margin and this will help you calm your nerves.

That can't be me. Besides, all that adrenaline rush and temptation will be enough to cause anyone high blood pressure. It won't calm any nerves. What if anything happens to Bitcoin or one's wallet before 2035. It's only greed that can make anyone expect that much and stretch the period to take profit that long. Such a person is even hurting the space by hodling that long because what gives Bitcoin its price value isn't in hodling but in buying and selling.

Humblevirus

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Quote from: Kristiyana on March 23, 2024, 11:22:50 AM

I don't think if it is possible for someone to purchase btc and hold it for 13years,who knows if the unknown "death" will still keep the Person till then, not every risk are meant to take,some risk are very expensive. holding coin for just 5years is still difficult talk more of 13years, although making a Long term investment is very good but not this far.

It is very possible for someone to hold Bitcoin for even more than 13 years. I believe there will still be some people who accumulate Bitcoin since the early existence of Bitcoin, yet they are still holding onto their Bitcoin. If we should always be thinking of death when it will occur, I don't think even tomorrow is worth risking because even tomorrow is not promised, so we just need to stop thinking about death if truly you want to be a successful person in this life, because if you are to be planning death all the time, even property someone will not think of owing.

It is not that we will not have a plan for death, but when it comes to business or investment, that should not be our focus. Our focus should be like tomorrow is a promise; if not, you will not carry the risk that is worth carrying to achieve your dream. Just me, who has a plan of holding Bitcoin for a long time because I know death time can come any time I show my close and trusted friend where my private key has been hidden so it can be told to my parents if death later won, but not because of death, I will not take some risk worth taking now that later I will be regretting why I did not take the risk.

odunybiz

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Quote from: tvplus006 on March 21, 2024, 07:16:49 PM

Quote from: encryptogon on March 21, 2024, 08:17:58 AM

...Imagine a person who purchased BTC in 2011 and held it for 13 years, his profit from this investment is huge. Now think you are that person in 2035, you can calculate the profit margin and this will help you calm your nerves.

It is very difficult for me to imagine such investors who have hold Bitcoin for 13 years. Who are these people who resisted the temptation to sell their coins when the price increased by tens of thousands of percent? I would never become one of them, since I can't hold my coins so tightly.

It's not so easy to hold any token that long unless on strong determination. If I'm in his/her shoe, I will have gotten confused during the bear season and sold all out in the next bull run in fear of getting dip again.

Kristiyana

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Quote from: Adbitco on March 23, 2024, 10:14:49 AM

Quote from: tvplus006 on March 21, 2024, 07:16:49 PM

Quote from: encryptogon on March 21, 2024, 08:17:58 AM

...Imagine a person who purchased BTC in 2011 and held it for 13 years, his profit from this investment is huge. Now think you are that person in 2035, you can calculate the profit margin and this will help you calm your nerves.

It is very difficult for me to imagine such investors who have hold Bitcoin for 13 years. Who are these people who resisted the temptation to sell their coins when the price increased by tens of thousands of percent? I would never become one of them, since I can't hold my coins so tightly.

Maybe they where dead for 13 years after which they woke up to continue their investments normal this is a serious temptation because I can't imagine someone holding for decades it's quit surprising because I know how tough it's to just hold for only 4 years. I believe that person has a plan to hold for 13 years or more if I may guess correctly, because if someone can hold for this long time then what more of holding till 13 years more.

I don't think if it is possible for someone to purchase btc and hold it for 13years,who knows if the unknown "death" will still keep the Person till then, not every risk are meant to take,some risk are very expensive. holding coin for just 5years is still difficult talk more of 13years, although making a Long term investment is very good but not this far.

Adbitco

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Quote from: tvplus006 on March 21, 2024, 07:16:49 PM

Quote from: encryptogon on March 21, 2024, 08:17:58 AM

...Imagine a person who purchased BTC in 2011 and held it for 13 years, his profit from this investment is huge. Now think you are that person in 2035, you can calculate the profit margin and this will help you calm your nerves.

It is very difficult for me to imagine such investors who have hold Bitcoin for 13 years. Who are these people who resisted the temptation to sell their coins when the price increased by tens of thousands of percent? I would never become one of them, since I can't hold my coins so tightly.

Maybe they where dead for 13 years after which they woke up to continue their investments normal this is a serious temptation because I can't imagine someone holding for decades it's quit surprising because I know how tough it's to just hold for only 4 years. I believe that person has a plan to hold for 13 years or more if I may guess correctly, because if someone can hold for this long time then what more of holding till 13 years more.

johnsaributua

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I agree that bitcoin last year was very affordable, and after the halving I would say the same for now. I assume you have bought when the price is below $25000 per bitcoin, if you buy/hold $200 see the magic a year later. I strongly believe that investing is as simple as buying bitcoins and holding them.

Actually the fierce fight is between yourself, seeing the pump break through the nearest resistance. it should be the beginning of the departure for what has been analyzed, but I am sometimes tempted to take more. Until now I still hold bitcoin and get it, hopefully I don't miss even saving 5$ every week. Grin

Makus

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Quote from: Solokan on January 22, 2023, 09:04:37 AM

and your explanation will be very much appreciated, and
hopefully this is useful for all of us, especially for beginners like me...

I believe you don't need anyone to advise you again whether to hold or not because from the time you made this thread till now, the price of Bitcoin has increased to more than 200% and this proves one thing, that Bitcoin is a project for long term investment hence you should keep on holding as there are more profits to gain from your investment when the bull run begins again after the halving and price correction. Assuming those who started to hold gave up their bitcoins, by now they would have ended up in regrets, but today their patience has paid them off.

peter0425

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Quote from: Solokan on January 22, 2023, 09:04:37 AM

I just saw the market, it turns out that the bitcoin price has gone up.
and I feel very happy with the increase in the price of btc, and I bought btc at a price of 17000 and I just saw the market now the price of bitcoin is 22000.
but do you think I should sell it, or keep it? because I'm afraid the btc price will drop again to 17000,

sometimes our instinct is more better than reading graph or listening to experts so from that you have to decide to better since its your money.

Quote

but now I decided to hold on tight, because from the start I planned for a long term investment. and it's not certain that I can scrape again from the bottom.

you must stick to your plans mate , because if you change mind in the middle then
the outcome will not favor you for sure.

Quote

I ask for tips from you, how can I be strong enough to resist, and not be tempted by prices that have already increased?

and your explanation will be very much appreciated, and
hopefully this is useful for all of us, especially for beginners like me...

since its already passed, now you have the reason to resist and to stay strong because if you kept that holding then surely now you are already in best result of your holding.

Hallroom

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Quote from: Solokan on January 22, 2023, 09:04:37 AM

I just saw the market, it turns out that the bitcoin price has gone up.
and I feel very happy with the increase in the price of btc, and I bought btc at a price of 17000 and I just saw the market now the price of bitcoin is 22000.
but do you think I should sell it, or keep it? because I'm afraid the btc price will drop again to 17000,

but now I decided to hold on tight, because from the start I planned for a long term investment. and it's not certain that I can scrape again from the bottom.

I ask for tips from you, how can I be strong enough to resist, and not be tempted by prices that have already increased?

and your explanation will be very much appreciated, and
hopefully this is useful for all of us, especially for beginners like me...

Since you bought $17,000 worth of bitcoins, you must hold on tighter. Bitcoin's future is very good so you can safely hold until 2025, currently the March 2024 high is a short bull run. So you never sell because of momentary greed, if you can hold Bitcoin till 2025 then surely you can get four to five times more benefit.

odunybiz

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Quote from: Solokan on January 22, 2023, 09:04:37 AM

I just saw the market, it turns out that the bitcoin price has gone up.
and I feel very happy with the increase in the price of btc, and I bought btc at a price of 17000 and I just saw the market now the price of bitcoin is 22000.
but do you think I should sell it, or keep it? because I'm afraid the btc price will drop again to 17000,

but now I decided to hold on tight, because from the start I planned for a long term investment. and it's not certain that I can scrape again from the bottom.

I ask for tips from you, how can I be strong enough to resist, and not be tempted by prices that have already increased?

and your explanation will be very much appreciated, and
hopefully this is useful for all of us, especially for beginners like me...

We should all be informed about the risks present in crypto. No business comes with no risk. The higher you are able to risk, the higher the chances of making it

Bushdark

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Quote from: bounceback on March 22, 2024, 09:39:33 AM

Quote from: tvplus006 on March 21, 2024, 07:16:49 PM

Quote from: encryptogon on March 21, 2024, 08:17:58 AM

...Imagine a person who purchased BTC in 2011 and held it for 13 years, his profit from this investment is huge. Now think you are that person in 2035, you can calculate the profit margin and this will help you calm your nerves.

It is very difficult for me to imagine such investors who have hold Bitcoin for 13 years. Who are these people who resisted the temptation to sell their coins when the price increased by tens of thousands of percent? I would never become one of them, since I can't hold my coins so tightly.

Although sometimes there are a small number of us who are able to hold on to their Bitcoin for quite a long period of time, perhaps you could say that they have completely forgotten about their Bitcoin investment so they are not tempted to sell it when the price starts to slowly rise until it reaches ATH, I personally also can't hold onto it. Bitcoin for a period of 13 years without touching it at all, a few years ago I tried not to touch my Bitcoin holdings for a period of 2 years but unfortunately every time I saw the price of bitcoin increasing then I was always tempted to sell it to make a profit.

Maybe we have to be truthful about this, it's never easy to be an holder especially when we have bill piling up and no adequate funds to settle them. This is where we know who are the tue holders. It is not al about been rich and having enough funds to buy and hold Bitcoin for years because we don't have something to do with the fund. The real others are the average people trying to work hard and saving some money so that they could keep accumulating Bitcoin for the bull without looking back.

Kelvinid

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Quote from: Distinctin on March 21, 2024, 07:46:23 PM

Hodling is the key. But never resort into hodling for the rest of your investment span, take time to profits as well as its crucial most especially in a highly volatile investment. However, my point is, always set your goal price to sell and stick to it even if bitcoin price has gone quite far than that. There would be no assurance that bitcoin price will stay on that price for long, so learn to take profits at some point so that you won’t be regretting later on wishing you did your part in taking your profits.

That seems necessary as we can't just invest and hold but also, make some money from it. Therefore, it was not just holding but also taking some profit.
Buying, Holding, and Selling --that is simple and this is the way to survive. As I observed, short-term investors make more money compared to long-term holders. Smart people will never just wait and lose great opportunities but instead, they will take every chance they have.
- they buy Bitcoin at a cheaper price sell at a higher price, and repeat the process.

So I would say and I agree with you --holding is not a lifetime, we should also consider selling.

bounceback

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Quote from: tvplus006 on March 21, 2024, 07:16:49 PM

Quote from: encryptogon on March 21, 2024, 08:17:58 AM

...Imagine a person who purchased BTC in 2011 and held it for 13 years, his profit from this investment is huge. Now think you are that person in 2035, you can calculate the profit margin and this will help you calm your nerves.

It is very difficult for me to imagine such investors who have hold Bitcoin for 13 years. Who are these people who resisted the temptation to sell their coins when the price increased by tens of thousands of percent? I would never become one of them, since I can't hold my coins so tightly.

Although sometimes there are a small number of us who are able to hold on to their Bitcoin for quite a long period of time, perhaps you could say that they have completely forgotten about their Bitcoin investment so they are not tempted to sell it when the price starts to slowly rise until it reaches ATH, I personally also can't hold onto it. Bitcoin for a period of 13 years without touching it at all, a few years ago I tried not to touch my Bitcoin holdings for a period of 2 years but unfortunately every time I saw the price of bitcoin increasing then I was always tempted to sell it to make a profit.

Distinctin

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Quote from: GbitG on March 21, 2024, 03:49:49 PM

Quote from: Bd officer on March 20, 2024, 09:19:08 PM

Many expect the Bitcoin price to be $100-150k higher in a bull market. If you are still holding, you are in more than 3x profit. You just hold.

Yeah, sure you told him right. Because expectations are sure that the price of bitcoin can range from 100k to 150k in this bull run without any doubt. So if OP has invested in dip and is still hodling then beyond any doubt he is in good profit and in my humble opinion, if OP holds Bitcoin more means there is a possibility of a bull run starting after Halving. so from 17k You can easily organize a 7x to 10x profit in a bull run if the price crosses 100k or 150k.

Moreover, investment in bitcoin definitely gives you a profit if you know how to hold it. If you don't panic, it means you have the ability to hodle, but Bitcion can definitely organize you for so much profit that you can't even think about it.

DYOR!

Hodling is the key. But never resort into hodling for the rest of your investment span, take time to profits as well as its crucial most especially in a highly volatile investment. However, my point is, always set your goal price to sell and stick to it even if bitcoin price has gone quite far than that. There would be no assurance that bitcoin price will stay on that price for long, so learn to take profits at some point so that you won’t be regretting later on wishing you did your part in taking your profits.

tvplus006

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Quote from: encryptogon on March 21, 2024, 08:17:58 AM

...Imagine a person who purchased BTC in 2011 and held it for 13 years, his profit from this investment is huge. Now think you are that person in 2035, you can calculate the profit margin and this will help you calm your nerves.

It is very difficult for me to imagine such investors who have hold Bitcoin for 13 years. Who are these people who resisted the temptation to sell their coins when the price increased by tens of thousands of percent? I would never become one of them, since I can't hold my coins so tightly.

GbitG

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Quote from: Bd officer on March 20, 2024, 09:19:08 PM

Many expect the Bitcoin price to be $100-150k higher in a bull market. If you are still holding, you are in more than 3x profit. You just hold.

Yeah, sure you told him right. Because expectations are sure that the price of bitcoin can range from 100k to 150k in this bull run without any doubt. So if OP has invested in dip and is still hodling then beyond any doubt he is in good profit and in my humble opinion, if OP holds Bitcoin more means there is a possibility of a bull run starting after Halving. so from 17k You can easily organize a 7x to 10x profit in a bull run if the price crosses 100k or 150k.

Moreover, investment in bitcoin definitely gives you a profit if you know how to hold it. If you don't panic, it means you have the ability to hodle, but Bitcion can definitely organize you for so much profit that you can't even think about it.

DYOR!

2Pizza410000BTC

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Quote from: Solokan on January 22, 2023, 09:04:37 AM

I just saw the market, it turns out that the bitcoin price has gone up.
and I feel very happy with the increase in the price of btc, and I bought btc at a price of 17000 and I just saw the market now the price of bitcoin is 22000.
but do you think I should sell it, or keep it? because I'm afraid the btc price will drop again to 17000,

but now I decided to hold on tight, because from the start I planned for a long term investment. and it's not certain that I can scrape again from the bottom.

I ask for tips from you, how can I be strong enough to resist, and not be tempted by prices that have already increased?

and your explanation will be very much appreciated, and
hopefully this is useful for all of us, especially for beginners like me...

If you're holding on to your bitcoins for now, consider yourself very lucky. There are many people who invested in Bitcoin at its peak dumping when it reached between $17k to $15k today are in huge profits in a very short period of time. Maybe I'm not that lucky because I didn't take advantage of that opportunity. If I can use that opportunity, I will definitely hold it for long term and take huge profit by investing in Bitcoin. If you haven't sold your bitcoin investment yet, I'd say keep your bitcoins and wait for the next bullrun. If you can wait for the next bull run, I think you can be many times more successful than you are now.

Topic: I have to hold on tight (Read 918 times)