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

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.

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.

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.

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.

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.

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.

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.

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.

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 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.

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.

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

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.

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.

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

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.

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.

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.

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.

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.

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!

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.

Look at the bigger picture and think about the time when the BTC price will touch, say $100k. If you fix a selling price very high, this will certainly reduce the temptations. 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.

If you bought bitcoin at the time of $17,000 then I think you are one of the lucky ones. Since you bought at a much lower point in Bitcoin, if you hold on tight then you have a huge profit now if you have that amount of BTC at the moment. Because you can already see how much the price of bitcoin has skyrocketed and how many times it has increased, which is the highest ATH in bitcoin history. You will never be disappointed by buying bitcoins, but you need to plan for the long term and commit to holding on tightly. There is nothing to be disappointed in investing in bitcoin always you think that the bitcoin market will never stay the same, but it will definitely change during the bull season and give investors a lot of profit. To keep your investment long, you have to make a tough decision to throw the amount you can afford to lose in an investment that will give you a good amount of money over time. If the fraction of BTC from the time you invested is from your current time then I think you definitely got more than four times profit, so you hold bitcoin till the bull season with long faith.

Are you holding your investment yet? If you are still holding then congratulations you are seeing a lot of profit. You hold more, hopefully next year Bullran will start. 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.

If you have sold the investment then continue to invest in DCA method again. If you don't want to regret next year's bull run, start investing.

However, not taking some profits even if you see your investment has been successful is still not the best idea for me. For me, there’s no wrong in hodling but let me remind you that even if bitcoin price is bound to rise high, still we are still dealing with an unpredictable market and that anytime bitcoin price will drop its price drastically more than we can imagine. That’s why I still encourage some hodlers to take profits some time, as we are not destined to keep hodling forever, but we are here in the first place to make some profits and gain even more future profits.

When you gather all the momentum to continue hodling your BTC during the bull run and there is nothing will make you regret of hodling it long because, if you miss the first bull run, there is a hope that another bull run will surely come that will make you to sell that BTC to make profits that will make you feel comfortable in long hodling.

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.

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.

Sure there is a lot of pressure to sell now than any other time and it's not easy to hold on tight as much as you think l, especially those those bought earlier at 25k or 35 k that have already made profits on their portfolio might be thinking of selling now.

It takes a lot of discipline to hold longer especially when you are the only one of your friends doing so.


Not the easiest practice I bet you, its so tempting especially when you are subscribed to crypto news and you belong to a community as this all you would be hearing daily us about bitcoin and you would be tempted to check, so I I having such a plan would fail sometimes.

It's far better to be disciplined and set a target price you are hoping for and wait to then, besides everyone here or most of us are preparing to sell at at 100k or more, except the diamond hands that would prefer to hold longer or early accumulators like myself.

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.

I don't think its possible to just forget something you bought with your money, and you will always want to check the market to know what is going on, and when the market is bleeding you start worrying and only the strong can hold up because you will be tempted to sell and that is something that have stopped some people from been holder. because they could not hold on, just because the market is down does not mean it will not bounce back, see the price of bitcoin now that is what patience can do people are making profit, that is for people that actually hold, and there people that will be selling and the same time there will be people that will not sell they will wait till they have made enough profit, and the current price have passed the former all time high,  and most people will not agree with you but seriously it is better to keep your money in bitcoin, so that when bitcoin is going your money to will be going up.

Yeah, the price fluctuations can really mess with people's heads.  When your portfolio takes a nosedive, it's totally normal to freak out a little and  and yeah, watching those green candles shoot up is a total rush!  But honestly, the steadfast investors tend to come out ahead in crypto.  The ones who stick to their plans through thick and thin - they usually kill it later on.  So do your best to tune out the noise and stay the course.  

We're just getting started on one wild journey here! Buckle up and try to enjoy all the twists and turns along the way.

Since you are afraid of hodling your BTC in this current price, and if you continue hodling the BTC and the price of BTC drop down to $17k, you will not be happy about the advise people give to you on this trend, but you can see that the price of BTC hit $60k this morning in the month of february, it will be profitable to release your BTC for sale.

Well, you still have a choice to make concerning what to do with your hodling either to continue hodling or to sell, but if you want to continue hodling your BTC in this bull run, wish you good luck in your hodling.

With the current rate of the price of Bitcoin now I know for sure that many will be happy and many will be upset that the price has already gotten so close to the ATH and I say this because so many investors failed to access the will power to actually hold that coin when the market price cap was fluctuating and thats the major downfall of people into Bitcoin investment and believe it's not easy but once you gather up courage and strength you will see that its actually worth it all at the end and like you said the journey is indeed young.

You shouldn't sell your investment prematurely, the reason for hodling is to enable your investment have a compounding value of your invested sum over time the longer you hodl your investment the more compounding value of your investment, you don't have to panic because Bitcoin should be seen on a long terms perspective, is the world largest digital currency that is still growing hodling for long term Will definitely make you to be part of the success story of how much potential Bitcoin have. So don't sell until it is up to 5 to 10 years or more

There are two scenarios like long-term investment and short-term investment I am too late to contribute but I hope it may help you in the future. Listen dear if you have planned for the long term investment and holding your asset for long term why are you taking/booking profit too early even you have not reached your goals? If you have planned for long term so do not take/book any profit for these small pumps and dumps. To overcome this probelm you should have some amount aside for future buying i mean do not buy all at once. Do DCA (Doller Cost Average). it will help you to overcome your fear of small pumps and dumps.

Other than that if you have planned and invested for short term investment you can book profit fron any point whenever you are convinced from the market condition. Dear all matter is you plan you should have plan before taking any entry into the market as taking entry in the market matters but exit plan matters more because if you misssed you high price market will never allow you to fetch your amount back in the near future. So in conclusion, i would advise you dear make a good plan. DYOR... Many Thanks!

What will happen to you if BTC decide to dump back to 30k? Will you lose hope? I think you invested what you can't afford to lose, you aren't capable of seeing what you invest go down in value and that's a bad sign, you will easily react to any dump.

If you plan to be a good holder you will win big on the long run, my advice is that every retracement are sometimes best for the market, if bitcoin dumps it doesn't mean it's over, lets say btc goes back to 30k now and you freaked out, planning on selling everything, then a month or two later it's already over 70k what will you do?

Dumps are meant to shake out the weak holders, who don't want to see negative price action on chart and it's impossible, some dumps are necessary for BTC to move even more higher, have patience, invest what you can afford to lose and see how it goes, all I can say is that long term holders are always the biggest winner in this space.

If got afraid on possible out come and not sure about your decision on taking long term decision so better not to rush anything about it since you might got confuse about other possibilities and you will end up losing since each dump can possibly affect your decision making.

But if all your plans has been set and you are not been affected on anything since you have target then from that I think you are ready enough to face any consequences that will come and stick on what you think bitcoin could possibly reach. If you are not affected with the dumps or a sort of correction that will came then I think you are already set for long term and your experience is enough to deal with anything happens on the market.

I'm touched by the good advice you gave me, friend... I'm sorry I can't reply one by one and honestly, friend, according to my plan, I want to invest long term and I'm still holding BTC firmly.

and I just saw the market that the price of btc has now reached more than $58k and I am very happy with the increase in the price of btc because I bought btc at a price of less than $20k, that is, I bought at $17k even though the btc that I bought was not much but by looking The current BTC price of course I feel happy and want to thank all the members of this forum.

and I feel that there are many benefits from being on this forum. I can learn a lot from forum members who are experts in crypto, especially bitcoin.

I hope that during the bull run, BTC will penetrate more than $100k and I plan to continue holding BTC until the bull run.

You already have a plan and that is, a long term investment and by all means you should stick to it.
Of the Atletico goes down, does it mean it won't go up again in time? It definitely will and as such, holding doesn't seem like a bad idea.

If your considering taking profits now after buying from $17k and with the market now at $23k as opposed to the $22k when you created this thread, you have benefited a little compare to what is to come.

In all, I would urge you (OP) to DYOR and do what gives you peace of mind. If the profits you've got is good enough for you, then you can as well take it but, its always going to be an up and down market so, the up will come when it will.

Selling and holding should be your decision and not going to come from the others that you're asking about it.

You decide and blame yourself for whatever will be the outcome, good or bad outcome then it should be your whole responsibility to take care of. But just as you're asking for advise, there's always these two.

1. If you want to take the money and happy with the profit, sell.

2. If you're long term and want to see more potential profits then, hold.

Just as the title of your post stipulates, you still have to hod up in order to achieve your desired success. Remove every negative thoughts that the market value will depreciate again, nevertheless, its a global market but positivity must put in place in order to achieve greater results. Just chill, sip cold drink and expect a huge return. I'm a beginner too

Forget it and never look at the market, it will be one way for the main goal to go according to plan. You have passed the first phase of facing temptation when you find out that the price of Bitcoin has started to increase, your decision to hold assets in your wallet must always be consistent. Never feel afraid that the price of Bitcoin will return to its basic capital, your journey is still long, Let your money continue to be in Bitcoin until the price breaks ATH.

I don't think you have to be any worry for that the bitcoin price will drop again to 17000 because you already take the investment as long-term so there if bitcoin goes down to more than 17000 you don't have to be worried.
Bitcoin is a perfect choice for long-term invest And if you go to Bitcoin's price history, you will able to see how much it is increasing as the days go by. And since the supply of Bitcoin is only 21 million while our world population is about 8 billion, its price will definitely increase as its demand increases day by day. And that's why you don't have to stress if Bitcoin goes below 17k again if you really take long-term strategy.
Even though Bitcoin is in a bearish market right now, if you look at the picture below you will understand how much it is going to pump in the upcoming halving or bull run.
source

I will share with you an absolutely win-win strategy for selling tokens. And using it, you will never regret that you sold cheap, or that you did not have time to sell, and the price flew down: You need to place a ladder of sell orders. The principle is that at the nearest levels you sell less, and the higher the ladder rises, the more significant there are sell orders. And you don't even have to keep track of the price! Since the exchange will sell everything for you, with the right price move!

You will end up holding your profit for a long time and you might not see another 17,000$ price range to buy again, Bitcoin is better when you hold for a long term, if I were you I will keep holding and if you feel like you haven't had enough then start working on how you will keep dollar cost averaging, there is not much of a difference between 17k and 22k to me.

I believe the measure reasons you invested in Bitcoin is to make profits, just as you said you bought at the rate of 17,000 but it's has increased to 22,000, you have every tendency that if you sell now you will make profits, but if you don't sell now you can't really tell if you make profits, because the rate of Bitcoin can either increase or decrease,
To me I will advice you to sell and make profits now, send the profits to your account, wait when the rate of Bitcoin decrease, then you buy again....

For me, I will say that you should stick to your initial long term plan wish you earlier had before, and keep on increasing your portfolio by buying bit by bit any amount you can always afford at the moment, because the truth is that, due to the volatile nature of the market, you will always feel tempted to sell. But the reason why you chose to keep this coin for such long period of time should be your motivating factor at always.
 That is, for example.. let's say your "why reason" is that you intend to have 1BTC before the end of the year 2023, and for that reason, you plan buying bit by bit either weekly, monthly or quarterly, while not minding the volatile nature of the market

If your intended plan was to hold for a long term then the first temptation you need to resist is that of always checking and checking on market countless times in a day. That attitude alone can hamper your decision to hold long, cause you would be tempted to sell immediately by just a few threatening or faking falls.
I don't know how this sounds for others, but that's how I use to avoid such temptation as yours.

Don't look at the market at all. Uninstall all of your applications that has a connection with cryptocurrency except the wallet where you are storing your Bitcoins.

If your plan is for long term, stick on it. Planning before investing is very important and sticking into it is far more important. I mean you are now up already, but you are being tempted to sell it because...?? Why do you sell it if you don't have any reason at all? Investors like you and me experienced that scenario already where you feel that you want to sell your holdings just because it went up a bit. Sometimes, don't looking at the market at all and sticking to your plans is the best way to not get tempted.

As for me, I admit that I sold some of my holdings around 3 days ago when the pump started, but I sold it because I need to re-invest it into a safer asset which is the stock. I have a reason to sell it and so do you if you really want to sell, but if you don't have any reason then don't do it at all.

Firstly, you shouldn't be happy only when the market surge in price because every market trend presents a unique opportunity but I will never advise you to sell any fraction of your Bitcoin holding now because this is just the beginning of the market uptrend and from my research when it totals bullish market we're deemed to see the market making at least a new ATH price of $100K. However, there's some speculation that this current bullish market is a bull trap and we cant be sure if this is true because the market trend seems to have changed.
If you still some some spare capital, I will advise you to DCA before total bullish market start.

First of all, you must set yourself on your investment target, is it for the short term or long term?
If that is for the short term, it may be okay to take profits in several percentages of increase. This will also depend on the price or amount of the investment profits that you decide. However, if you are aiming for long-term investment, I don't think that it is enough to take profits right now.

If you see the market, there will be still the probability of decreasing price on the market correction. Because Bitcoin price volatility is still here and will never stop. But, we don't know how much this will drop again or not. So, if you have set to have a long-term investment, never panic every time the price is dropped, because it is NORMAL. What we need to do is by being more patient to wait for the bullish era. Never see the market too often because this will lead you to panic every time there is a short drop or market correction. Stay calm and wise in deciding your ways.

When it comes to cryptocurrency, one can never predict, the price goes up and down, so when it goes down one will be regretting while didn't I sell when the price was high, holding tight is not a bad idea, in fact the best option is to hold and keep holding, so just invest and ignore the market, because the price will always be going up and down, so if you keep focusing on the market you might make a decision that you will regret for a very long time. So I will advise you to hold on very tight.

Ofcourse,you are very right mate,what they simply means is that one should be patient about holding one's coins,that the future is promising,but sometimes I feel discouraged because it's not easy holding a coin for that long period of time,and you won't be tired or you won't be expecting.What if something happens after this long wait,what if the coin does not hit the particular level you would have wanted it to reach? These are all the risk involved in it,but you must know that as long as you've decided to hold,hold till the end.

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.

Nobody needs to entice you up with words that could merely be some bunch of exaggerations, you need to hold on to the hope that keeps you thriving and the FATE of Bitcoin as well (cus AFAIK, your hope is built in BTC's FATE).
I still need to remind you that no one seems to be giving out some words of encouragements, cus nobody controls the system... As a beginner, I know it gets hard to believe how you'd have to sit and watch your coins devalue, but you need to learn being bearish too, cus definitely, it'll happen sometime and you'd have to HODL on....
You should build a solid plan and understand that the price increases to decrease someday, and Vice versa.

Sandra 🧑‍🦰

Am also a newbie here I guess you just have to let it be,if not goes wrong you can let it be for long term as a good investor and you know what are you goals.

Initially it too risky but you need to have the heart of an investor take away the fear of losing out, if you know that living it to stay can cost you lost,I think you have  just to do what ever you mind ask you to do because everything is one you it up to you to know when you can make it a long one or not is on your own account.but don't do what you will regret of because had I know will always com last.

You already have a long-term plan for your bitcoin investment, I don't know why you are being moved by the bitcoin price increase. Just get your eyes off the price and focus on the bitcoin future. By the way, only you have the right to choose when to sell your bitcoin or not. Don't ask for someone's mandate to do so.

Having said that, you can go by what CryptopreneurBrainboss has advised and have less free worries about your investment in bitcoin

It is always better you have a plan over your Bitcoin investment before you invested in it and always try to stick to the plans. Many people get confused because they don't initially have plans for their Bitcoin investment and that is what normally course their panicking whether they should sell or not. Always try to know where you always want to be taking your profit. Asking people to tell you when to sell is not a better idea because nobody is expert in that way, everybody is just saying is own base on their technical analysis views.(knowledge)

Your decision on whether to sell or wait until the price rises even further depends on you. But make an effort to take a seat, reflect, and conduct additional research. No one controls the market price, so it is difficult for anyone to advise whether to sell or not,although it not bull run era but nobody can 90% assure you maybe it will continue maintain the rang of  $20k till bull run time or still fall beyond $15k.many people are only speaking about their own experiences.

If you have recognized the potential in bitcoin, that is one of the most crucial things you must cling on to regardless of the circumstances. I am aware that some people may want to sell the modest bitcoin pump they have because they find it amusing how the whales are influencing the market. been security conscious and taking precautions because scammers are a reality.

 Since you've decided to hold, it'd be best to not really get excited when prices push up a bit hence it'd push you to sell and it then defeats the purpose of being a long time hodler. Bitcoin investment is patience and it rewards patient hodlers.I believe we are in for a positive run.
 In the aspect of being strong enough to not be swayed to sell, the best thing to do is involve yourself in something else that can take your mind off from constantly checking your wallet.
 

The thing is, for you not to be tempted to sell when there is a short term appreciation in Bitcoin's price after investing, you'd have to personally decide what type of investor you are, if you are a long term investor or a short term one, if you are a long term investor you should also set a target of how many years you would want to hodl for, but prolly not less than 3-4 years, but do not buy in one lump sum, but accumulate through DCA.

Having said that, if you are a short term investor, you'd have to buy and then watch the price for an appreciation so you can sell, but if you go through that process, remember that you'd prolly not always buy back at a lower price, you'd buy back at any price Bitcoin is and hope for an appreciation again, the process isn't so easy because you can't game the market, thus more often than not you might be stuck with a fallen price and you'd have to wait for a long time before selling, or sell at a loss.

You need to stick to your original plan and hold Bitcoin, since you have decided to invest in it for the long term. But if you are satisfied with the profit that you will receive if you sell BTC at the current price, then no one will blame you for this, but you should not regret it if the price of bitcoin continues to increase.

You are a lucky investor. You can invest by buying bitcoins at very low prices. You bought between $17,000 and now stands at $22,000. Even if you have a share of profit here, you forget about this profit and hold on to your investment. The market may not return to $17,000 again.

You hold onto your bitcoins for the future. Bitcoin market is going to get better very soon. The market was in a dumping condition for a long time now the market is temporarily pumping. You don't stop here. You hold your investment tightly until bitcoin new ATH is generated. Very soon the market will form a new record where you can make enough profit.

Let's proceed with the veracity of your posts here on the forum. You have only recently come to the forum and were only going to learn about bitcoin and maybe buy it. It is obvious to assume that even if you tried to buy bitcoin, it is unlikely that you bought a lot for a large amount. Now that we consider your profit, is it worth it to buy at a good price and sell today to get only a few dozen?
As far as I understood from your attitude in the past, you are ready to be a holder. For some time, cultivate the will in yourself not to look in or check your wallet account, and set yourself a deadline.
Although you may be satisfied with a small profit in such a short time, you are still the master of your actions.

Given the current market conditions, it seems that you desire to profit from investing in Bitcoin and you are very happy to profit from investing in Bitcoin. as a newbie with all my knowledge I think you should hold bitcoins. you invested BTC when it was $17k and currently the price of BTC is around $23k. It is understood that the market is likely to get stronger later, the market was in a bearish position for a long time but now the market is again in an upward position. So if you hold for the future you will definitely be able to earn a lot of profit. It has already been seen that various developers have said that there is no doubt that the price of Bitcoin will exceed $100,000.

No one can tell you exactly what is going to happen next. But, if your gut feelings and market sentiments telling you that the btc price will drop again to 17000, then I think you can sell them now and buy them back again at 17000 (a smart person would do this) but again it is not guaranteed that it'll drop or not.

I can give you two tips.
Don't panic and don't get FOMO. If your intentions are to be a holder then keep holding. But if you think you can take a chance and increase your btc holding, you can sell them and buy them back (only if it drop again which might or might not happen) you can do that too.

When the price of bitcoins suddenly rises, majority of us felt tempted to sell so that when it started to fall again, we planned to buy it back. Then we later acknowledge that it is difficult to predict when the price of bitcoin will rise or fall. Additionally, we are unable to ascertain the low and high points at which the price of bitcoin reaches when it rises and when it goes down. However, making an effort to trade is fine. Simply use the money you can lose. The majority of your bitcoins should in hodl, as its value is likely to rise in the future.

If you want to stick around for the long term, then do it and don't get swayed by anything. Buying at $17k is a pretty good price. Bitcoin may not be able to touch that price again. Currently Bitcoin is holding above $22k in price. Never hesitate to hold long term.
If you are afraid that the price will drop again, you only need to prepare reserves to buy again and do DCA, that's the better thing to do.

better follow your own will, that's better.
if you believe bitcoin will go down again, then sell it quickly.
but if you believe bitcoin will continue to rise, then keep your bitcoin until the price you are aiming for and want.
the most important thing is that you do a good analysis, don't get hung up on other people's opinions.

I think that's left for you to decide yourself, if you are satisfied with the profit you have made and you think these is the highest bitcoin can go then you can sell, but if you believe that bitcoin price is still low then you should hold.
Because bitcoin price went up a little bit those not mean it won't still dump to $17k or below, nobody knows bitcoin movement, but if you are planning to hold, then you shouldn't be disturbed if bitcoin price dump below the price you bought it.

You might sell your bitcoin now, and you will be waiting for bitcoin to dump so that you will enter again, but you might not see bitcoin at that price again, if you are having bitcoin already, just forget about the price movement and hold, stop checking your wallet frequently.

If you are a trader you can sell and buy back again, but I am afraid that you can predict bitcoin price. A really risky thing to do with your assets especially when you buy at a good discounted price.
You started investing in bitcoin for long term so stick with your decision. Don't take risks because you never know if you can buy it back at a cheaper price. You have already bought it cheaply.

Sell all immediately, take out the funds that you won't be comfortable investing and put it in your account to be used for your regular day to day activities. Now you see that fund left that you won't mind losing, now reinvest that into the market and go on with your daily activities without caring what happens to that fund or the market entirely. The only reason you're this worried about your investment when the market hasn't even started is because you over Invested and now scared of losing that money.

Long term investment should be long term and not getting distracted by any small price movement of the market. Since you want to invest for long term, do as I say above and things will be easier for you. Also go get a Job if you don't have one so you can meet up your day to day needs while leaving your seed (investment) to mature properly.

If you choose to stay on hold, I'm sure it's a good choice. try to stay focused and consistent with your investment planning. although I'm sure when the market gets the pump it will make your fingers tremble to want to hit the sell button.
if you watch the market every day, maybe it will be something difficult if you are a person who does not have a strong stance. but for those who are experienced, every day with an alarm going off, will not make them budge from the investment planning that has been done.

if you have a fear of another drop, take it as an opportunity to buy more of your Bitcoins. so never be afraid of the value of your future assets.

I will just say take your eyes off the market and just hold because there are lots of noise and confusions as regards when to hodl, when to buy and when to sell. Just buy and hodl or keep hodling that which you have bought.

Why are you so tempted by prices that have already increased?  Are you here just to speculate?

Learn about Bitcoin and find out why we are still early.  As you learn, you will find yourself more tempted to buy than to sell.  I am more relaxed than ever before during this slow bear market.  Bitcoin is part of our future.  And you know what they say.  Invest in your future.

If you are afraid of Bitcoin then just find something else you are not afraid of.  I find it non sense to invest in assets you do not trust.

-
Regards,
PrivacyG

Try not to think about it, or at least think a little less than now - it usually helps to keep your mind occupied with something else. You should also be clear with yourself about your goals when it comes to profiting from investing in Bitcoin, i.e. whether you will be satisfied with a small profit or will you still wait for a much higher price than the one that is today.

At the end of the day, if you are really afraid that the price will fall again, maybe you should sell part of it and keep the rest for some more profitable days.

As soon as you let it go (the worries), the easier it gets.

Just look at the price history, the peaks and lows, it would probably drive you crazy if your mood swings would mirror it

Maybe most importantly, use the funds you can afford to "forget", that's a key point in actually not stressing too much about it.

Why be afraid if the price of bitcoin returns to $17,000 even though you have planned for a long term investment keep HOLDING and never sell at a low price even though this is already a good increase but I don't think it's time to sell bitcoin because we still have a lot of time to see the real bullish movement of bitcoin.

My advice is don't ever check the market often at any time, you are tempted because of this slow increase, while tips from other people, of course we have to be able to hold on to a strong hand, so keep it up and don't ever panic because anything, including prices, is going up.

At the moment I'm still continuing to add bitcoin even though the price went up to $22,000 quite confident that the bitcoin price could surpass ATH again. We have to wait for the right time.

Just forget and hold. If you are really a long term investor then youll set aside the temptation to sell off some of your profit, remember that bitcoin is far from ATH and we can always speculate that it will surpass that at one point. So better just do dca and youll be good. Dont mind these pump and dump event, just generally do whats suited for you as a long term investor and not just a trader.

I'm definitely not going to tell you what to do; that's up to you. What I will do is analyze your options, though. You can either sell for profit now and proceed to purchase when and if the price drops again; as you said yourself, you're afraid that Bitcoin will fall back to $17,000. The risk with this option lies in the event that Bitcoin never crashes to such a low point and you may be susceptible to repurchasing Bitcoin at a much higher price.

On the other hand, you can proceed to hold your Bitcoin and stop bothering about volatility and the prices in general, and wait until its price reaches a level that personally satisfies you. The latter option may require months or even years to achieve a decent yield, while the first one may allow you to slowly build up revenue through trading, provided that things go your way at least.

If you're actually bullish and are convinced that bitcoin will be worth far more in the future, then chances are, you won't be tempted to sell.

If you're tempted to sell in the hopes of having the chance to buy back lower, then accept the fact that you can't predict bitcoin's short-mid term movement.

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...