Topic: I have to hold on tight - page 3. (Read 1146 times)

We are at the overbought territory already, I hope this person have taken some profits off the table? Because what's coming in a few weeks or months will bring back fear into the hearts of many holders.

A realized profit is the real profit, you can never lose if you take some profits, depending on what your plan is, if you are here for the long term you can keep holding but taking some profits will bring you another buying opportunity when a correction takes place.

You don't want to have too much patience too, because if you don't know what you are doing and you keep holding, you can end up in another long-term bear market, many people have held bitcoin in a bull market into the next bear market, they have no idea what they are doing.

Don't bother to check the market price and never think that you are investing in Bitcoin because at the moment you see it, especially in this bullish time, temptation certainly arises.

But I ask why you should do this. Because there is no wrong about selling as long as we are in a profit already. Besides, there is no rule that stops us from doing this. Well, yeah, it is our choice to still hold and decline to sell. In fact, some people are doing this as well because they don't want to touch their Bitcoin as it was needed already. It is somewhat reasonable, indeed.

Patients is just everything in investment,  when their is no room for patience it is possible to lose everything. When the price of bitcoin was low many people had opportunity to invest in bitcoin but some could not hodl bitcoin because of they lack patience,  and now see the price of bitcoin where it has gotten to. Bitcoin is so real but greed of making money so quick have always been the reason why some people have been unable to invest in bitcoin.

Investing in Bitcoin is something that is just too easy, one needs to be very discipline and have a character of been very patient to keep hodling. For some people hodling Bitcoin,  the problem is that they do not even know where they are heading to,  for those that really understand where they are going to they will always buy bitcoin and hodl because they understand where they are going to. It is only understanding that can make one to be able to hodl bitcoin because they really understand what they are doing and can't afford to miss the opportunity in hodling.

thank you friends for saying congratulations, of course I was able to hold on tightly until now because of the help of all my friends who have given me good insight into bitcoin and I came to know the bitcoin cycle such as the Bull Run, Bitcoin Halving, bear market and bull market at first. from this forum and a little bit I started to understand and to be honest, I'm still learning now. Yes, it is certain that those who are short of bitcoin will definitely suffer big losses fundamentally because they sad for not having a lot of BTC and buying during a bearish market and I also regret no buying a lot during a bearish market. and I also saw on the market that BTC had penetrated a new ATH and the price of BTC had penetrated $72k, of course this made me even more enthusiastic about holding BTC.

yes I will continue to hold BTC strongly and I believe the right time to sell BTC is when the Bull Run arrives. Thank you friend for the advice.

The OP is very lucky to have bought BTC at the right time, and if he was able to buy enough then he'll be one of those who made good profits from Hodling, the good thing is that he was able to make good use of the information he got here in the forum, indeed patience they say is virtue and I believe this post would serve as an example to those that might miss this halving, to save up and prepare well against the next halving.
 There are a lot of people with good informations about investing in BTC during the bear market,  but most of them lacked the funds to invest then, but I think the OP had both, it's one thing to have knowledge about an investment and it's another things to be fully prepared with enough funds to go into the investment, also there are still people with both the knowledge and funds to invest in the bear market but their doubts made them to miss out.
 I believe the OP would be very happy he was opportuned to be a member of this forum, cause his motivation to hòdl the btc he bought when it was 17k was due to what he learnt from other members, I believe their are still people out there that got the funds but don't know what to invest on, if they could be introduced into the forum, maybe just maybe they could learn a lot and probably be lucky enough to make profit from BTC just like the OP.

One way not to be tempted to sell your bag when ever the market is pumping is to stop watching the market totally, simply think about other activities you can engage your self in, and completely remove or take away your mind away from what is happening in the market.

And I really hope you are still holding your bitcoin even to this very moment, for right now, the price of bitcoin have so much increased and if you really bought in at $17,000, then you are one of the luckiest to enjoy really massive profit this season.

I saw your first post on your topic last year, and I'm glad to see your second post now, a year later, especially after Bitcoin reached its previous ATH and the positive results and profits you've achieved. The key to patience, controlling your emotions, and the fact that you invested money you could afford to lose is what made you hold on until now after you invested Bitcoin at $17K.

Congratulations to you! Hopefully, your topic serves as a lesson for many new investors to continue holding their Bitcoin for the long term alongside sticking to their investment goals without fear or loss of hope. We have come very close to halving, and Bitcoin is still gaining momentum and widespread adoption as well; as the scarcity and market value of Bitcoin are increasing day by day with the entry of a new class of investors into ETFs, and here we are with Bitcoin with all enthusiasm and belief in huge returns and the bright future and its hides.

It has been said severally that anyone considering Bitcoin investment should see it in a long term perspective of about  5 to 10 year or even more, it gives you that opportunity of having compounded value of your investment over time, Bitcoin has a long term goal and selling too soon might look like you are gambling with your investment because you might want to buy back which you may end buying higher than your selling point,  however don't be carried away by its volatility but works towards achieving yourgoals and objectives.

Congratulations are in order for you. You've hedl till this moment, I don't see what will make you not hodl till the end of the rally or at least into middle of it. You got in at a very good level and must've seen more than 3x on your investment. I got in a bit latter than you did and I know I'm hodling till Bitcoin crosses $100k before ever thinking of taking partial profit. Anyone shorting Bitcoin now is setting themselves up for a great loss. Keep hodling.

There is a problem op, reading your post makes me believe that you don't have an exit strategy in place, and you will have a difficult time to realise your gains in the future, if btc reach a new all time high it will be difficult for you to sell and take profits, because you don't know what's right for you.

Everyone want to make money in this space but many aren't ready, they don't know what's best for them, a 2x or a 5x, so if btc keeps soaring very high they will believe that there is always room for more growth until the price start dumping again.

Do not be greedy, have a profit taking strategy now before its too late, maybe when btc reach 70k you should take your first profit in percentage, ten or twenty, and if btc goes another leg up to 85k you will sell 50% etc, be smart or get stuck by your own greed.

I strongly agree with you, bitcoins is unpredictable so it is better to have a sell and buy back plan , you can actually sell a particular percentage if you think you may loose out . This will help you to positive so that if the bull run continues, you have more gain and if it dumps, then you can buy back.

Honestly, I thought you would have sold your bitcoins until now but then reading this post of yours make me feel proud of you that you actually stuck to your words.
Good that you are still holding bitcoin and are committed to hold it for a long term. I personally think we are just getting started now.
There is a long way to go because from the bitcoin history we can say that the price of bitcoin starts falling many months after the bitcoin halving.

Here are some tips that may be helpful for your investment period:

• Set realistic goals and parameters;
• Have a designated fund for your investments;
• Be mindful about the market situation; and
• Avoid being too greedy by HODLing for long.

Now, you must first set realistic goals and parameters. This means that you should know when to cash out your investment especially that the bull run is about to happen. Sure, we may have goals that we want to maximize our profits but this can be dangerous especially if we wait for too long as this can miss the opportunity longer.

Having a separate fund and wallet for your investments can be beneficial as this can track most of your investments. If you have a fund specifically for your investments, then you may be able to track them better compared if you lump them all in a single wallet.

At the end of the day, you should have a threshold on how much you are both willing to earn/lose at the same time. Just avoid being too greedy and cash out your investments as soon as if accumulates profit. Good luck, OP!

In anything we are doing we need to hold for us to make profit and that does not mean that we need to continue holding even when the price of if Bitcoin is falling and it's obvious that price is going to fall. It is important we do what is right and put money on investment that is going to give us money so we can benefit from the market. We normally use money to get money, this is the only way we could make money from the market without stress.

At the time you bought bitcoin earlier when you wrote this post bitcoin was very low and we had not entered the bull run or slow signs of it, and if you've actually held your bitcoins without selling right now the price would have tripled on your portfolio and if you leave it even more you could be getting up to five to six time profits on your investment. Patients is one of the most important asset any long term holder can have cause if you are not well disciplined you would sell off due to any price fluctuations and you won't be able to reap the benefits of your investment.

I don't think this has anything to do with fear, people just do not want to be real I know what the problem is plenty of them are scared of losing their money because the price is always going up and down and they are not ready to take a risk and that is not the way bitcoin works If I am holding and the price drops to 17k, I know I won't be happy, but at the same time, I will not sell because imagine buying at this price and losing it to 17k. I am sure that person will be emotionally down but the best thing the person can do for himself is not to sell, Selling at a loss is one of the worst decisions anyone can make, and the Bitcoin price is climbing. From what is happening, you will know that holding for a long time is very profitable but it takes a longer time to start making money from your holding, which is why a lot of people end up selling.

In my opinion, when it comes to Bitcoin the main thing is always on long-term investment from 17k to 22k wasn't really going to be a huge profit for sure, but looking at the market price today at 60k$ I think is already a decent profit for sure, imagine if you sold your Bitcoin at 22k it's probably not going to be a lose since you still earn profit in the end, but you just lose a huge opportunity to earn a huge profit.

For me when you buy Bitcoin the strategy is always going to be long-term, because it just minimizes the risk of the investment, and could give you a high chance of earning a huge amount of profit in the future with a lower risk. Still, it is still going to depend on what is your perspective on the market I mean as we can see the price continues to skyrocket, It is probably not ideal to buy more Bitcoin since a lot of investors are getting greedy at this time in the market that could result to a huge lose for them, Personally, I wouldn't really want for the price to skyrocket yet since if drop happened I could easily see it as an opportunity to buyback.

Those who bought previously at high prices will of course rise if they don't cut losses and if you want to survive you should continue to monitor market conditions, where high increases will always be corrected even in BTC. The beginning of March will soon arrive and the potential for a reversal is very possible, although not strong, because many people are fomo and enthusiastic about seeing market movements. I think for March it's still good to maintain.

Until now I still hold it with enthusiasm because I see the price of BTC which has gone up high, but yes it is not easy to hold my BTC until now and after seeing and learning a lot from members of this forum I am again enthusiastic about holding BTC for the long term and I want to hold my btc until the Bull run later.

Thank you friend for providing useful tips and yes, fortunately I bought BTC using money that was ready to be lost so every time there was an ups and downs in the price of BTC it made me not afraid because I invested with money that was ready to lose. Yes, I agree, that's good advice and I always apply that system, namely not forgetting the investment objective because forgetting the investment objective will make us tempted by small profits or profits that are not according to plan.

Thank you friend for your congratulations.

I don't know if you are still holding till this moment or not but if you're still holding, congratulations, you already made x3 of your investment with current price of $62k+. The key tips to remain strong and be able to hold for long is by using affordable money that you won't have problem losing it to invest and Secondly, is to have a goal for your investment. If you practice these too before investing, you won't be bothered about every market trends and movement unless you reach the target (goal) set. If you invest with money that you can afford to lose, the ups and downs of the price will not scare you to sell at the wrong time even when you have not reach your target due to the fear of losing the entire money.