I still believe I am on the right path - page 3.

samcoin

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Quote from: Kalchef on March 27, 2023, 09:27:15 AM

Market manipulators must have made me want to wet my pants, in the past years there are many FUD about Bitcoin, calling it another bubble, this could have made me give up.

We all have our demons too, I could have listened to them, saying, sell, sell, sell, you dummy, this thing is going to die and you will lose all your capital.

I believe it's a good thing to have grown with Bitcoin all this past years and have grown the confidence to hold through any weather, Bitcoin have proven itself to be the best solution to decentralization.

You are not too late, you just find the reason to keep supporting Bitcoin, to keep holding your Bitcoin bag. My confidence in Bitcoin is now 100%.

Manipulation exists in every market, but I agree that the crypto market is much different regarding this point due to the lack of regulation. In fact, the manipulation in the crypto market happens on both sides, because there're many entities with different interests, so every entity can manipulate the market to some extent, not as they want. In addition, the news that comes from the USA also affects the market. Therefore, I don't see it as a reason for leaving or selling Bitcoin, because it used and proved to be profitable in the long term, without paying attention to the short term manipulations.

Quote from: Kalchef on March 27, 2023, 09:27:15 AM

Now I don't hear my demons trying to confuse me to sell, I was there once, I knew how it felt to believe in something you don't have trust in, today I've made up my mind, to always be with Bitcoin.

This is the right decision in my opinion. Our decisions should be based on logical facts, and Bitcoin has already proved its profitability in three cycles, so why would it stop being profitable now? Moreover, the total crypto market cap doesn't look like it topped out or reached its highest possible levels, so there are still additional chances for Bitcoin to rise.

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Quote from: Kalchef on March 27, 2023, 09:27:15 AM

Even if I have bought some bitcoin a few days after the launch day, there is a 99% chances that I would have sold the Bitcoin, the enemies of holding Bitcoin for a newbie is

1. Market manipulators
2. My own psychology

Market manipulators must have made me want to wet my pants, in the past years there are many FUD about Bitcoin, calling it another bubble, this could have made me give up.

We all have our demons too, I could have listened to them, saying, sell, sell, sell, you dummy, this thing is going to die and you will lose all your capital.

I believe it's a good thing to have grown with Bitcoin all this past years and have grown the confidence to hold through any weather, Bitcoin have proven itself to be the best solution to decentralization.

Now I don't hear my demons trying to confuse me to sell, I was there once, I knew how it felt to believe in something you don't have trust in, today I've made up my mind, to always be with Bitcoin.

You are not too late, you just find the reason to keep supporting Bitcoin, to keep holding your Bitcoin bag. My confidence in Bitcoin is now 100%.

It's not just you, but anyone who bought Bitcoin back in the early days either sold it or lost access to their wallets. Market manipulators are always trying to mess with Bitcoin, and they will probably keep doing it in the future to make people panic and sell.

It's awesome that you're still holding onto this valuable digital asset, even today. It shows that your trust in Bitcoin is stronger than the fake news that those manipulators spread around.

yazher

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The best way to invest is to only buy bitcoins with your spare money and also if you want you can remove your bad habit like cigarettes and others which is instead you gonna use that money to buy bitcoins. There are already lots of stories such as this one and the only people who regret investing in bitcoins are those greedy rushers who want to be a millionaire overnight which makes them quit holding bitcoins and they also use some money that was not supposed for investment and when the price goes down, they panicked and rush to take back their investment.

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Quote from: Kalchef on March 27, 2023, 09:27:15 AM

Now I don't hear my demons trying to confuse me to sell, I was there once, I knew how it felt to believe in something you don't have trust in, today I've made up my mind, to always be with Bitcoin.

You are not too late, you just find the reason to keep supporting Bitcoin, to keep holding your Bitcoin bag. My confidence in Bitcoin is now 100%.

My experience says that you cannot be 100% sure of anything, you always need to think critically, this will allow you to be on your toes.

The confidence you have gained over time has helped you see the cycles that keep repeating, precisely because bitcoin goes through a bearish cycle every time and goes bullrun now gives many people the confidence that bitcoin is a reliable coin that will not go anywhere.

The mistake of the majority may be that they will want to buy it as cheaply as possible in order to make the largest possible profit. But this could already play a cruel joke on those who are still waiting, because perhaps we have already begun a new phase of the bull market, and the optimal time to buy has been missed for those who are still waiting.

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Quote from: ilovealtcoins on April 06, 2023, 07:27:14 PM

They won't regret it because, as you said, no one could have predicted Bitcoin hitting $50k, and I bet not even Satoshi could have guessed it. So there is no regret, as long as they have made a profit from their bitcoin investment and are satisfied with their decision. I once sold bitcoin for 20k, and I made a huge profit, I don't regret it.

Predicting bitcoin to be 59k USD is one thing but holding on to that from a very low buying price, say three digit is another thing. Most people cant see it through unless they have the patience and a second source of income to keep all the bitcoin intact for years without selling a single satoshi.

Just keeping the cycle going on your portfolio is the real thing, with that you can forget about what is happening in the world and continue to increase the total amount of bitcoin in your hold.

Dont fall for the altcoins roaming around everywhere, they will only lead to small term gains and you will have to suffer the deeper losses when they drop.

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Quote from: Kalchef on March 27, 2023, 09:27:15 AM

Even if I have bought some bitcoin a few days after the launch day, there is a 99% chances that I would have sold the Bitcoin, the enemies of holding Bitcoin for a newbie is

I absolutely agree with you mate, something the thought always comes to me to try to make me feel sad and regretful, the thought goes like "look at yourself, you are not serious, you didn't discover bitcoin from its very beginning, even when you did towards the ending of 2015, you still didn't invest in it.."

But I tell myself that now is still not late, even though I failed to buy bitcoin in 2015 when it was still very cheap, I am still proud for the kind of money I have in bitcoin today, because I know that even if I had the money and invested in 2015, there is no guarantee of any kind that I would hold it till this time, I probably would have sold it off long ago due to fud, but now, no fud of any kind can drive me into selling my bitcoin when I am not ready to sell it, the confidence I have in bitcoin is now top notch.

ilovealtcoins

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Quote from: noormcs5 on April 06, 2023, 07:09:57 PM

Those who sold early would now be regretting.

They won't regret it because, as you said, no one could have predicted Bitcoin hitting $50k, and I bet not even Satoshi could have guessed it. So there is no regret, as long as they have made a profit from their bitcoin investment and are satisfied with their decision. I once sold bitcoin for 20k, and I made a huge profit, I don't regret it.

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Quote from: Kalchef on March 27, 2023, 09:27:15 AM

Even if I have bought some bitcoin a few days after the launch day, there is a 99% chances that I would have sold the Bitcoin, the enemies of holding Bitcoin for a newbie is

Is there anyone who is holding Bitcoin from the very early days when it was invented? I do not think so because Bitcoin was not considered as real money and many people thought it was nothing more than video game money. Many early investors would have sold it at 1$, 10$ or even 1000$. No one could have thought in those early days that bitcoin will reach over 50K one day.

Think if someone bought bitcoins at 1$ only, and still holding, he would be a millionaire billionaire or even the richest person in this world.
Well, everyone would have wished for this. Those who sold early would now be regretting.

sokani

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There's a saying that holding is rewarding. If you can say no to the tricks your mind is playing on you and hold onto your bitcoin, you will certainly not regret it. I have been there before, and I didn't give in to the pressure to sell my bitcoin despite the market condition and personal challenges and it's a decision I am so proud of. My advice is to hold on to it and when the bull season kicks then you can sell.

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Quote from: indah rezqi on April 06, 2023, 04:56:36 PM

Quote from: LastKiss on April 05, 2023, 04:54:35 AM

Don't get FOMO just because we see people say that Bitcoin/cryptocurrencies are able to give us 10x profit in a day but we should do our own research before investing in any instruments especially cryptocurrencies. Everyone will keep trading Bitcoin since they use their experience and knowledge to earn more and those for holders will use their patience to earn more.

The average user seems to already know that bitcoin is a profitable asset for traders and investors. That's true but when they come to trading then they shouldn't look at others as the benchmark because there is nothing really good to start with other than their analysis and knowledge of potential.

Bitcoin being a profitable asset for traders and investors depends on the knowledge of a person. If all are getting profit in trading then where is the money coming from? Someone needs to lose to be able for someone to gain. That is the universal law of equilibrium. So not all traders are gaining profit in trading BTC.

Quote from: indah rezqi on April 06, 2023, 04:56:36 PM

It is very important to say that do not use the analysis and assumptions of other users as financial advice because they will never be held responsible for your losses. This applies to everyone, and means that you are the one who must determine and plan your investment.

True that but you can make them as reference especially when we are still new in the market. Doing personal research without reference is somehow hard and oftentimes misleads us. So taking points from bullish side and the bearish side and comparing their points is the best thing to do.

indah rezqi

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Quote from: LastKiss on April 05, 2023, 04:54:35 AM

Don't get FOMO just because we see people say that Bitcoin/cryptocurrencies are able to give us 10x profit in a day but we should do our own research before investing in any instruments especially cryptocurrencies. Everyone will keep trading Bitcoin since they use their experience and knowledge to earn more and those for holders will use their patience to earn more.

The average user seems to already know that bitcoin is a profitable asset for traders and investors. That's true but when they come to trading then they shouldn't look at others as the benchmark because there is nothing really good to start with other than their analysis and knowledge of potential.

It is very important to say that do not use the analysis and assumptions of other users as financial advice because they will never be held responsible for your losses. This applies to everyone, and means that you are the one who must determine and plan your investment.

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Quote from: Baoo on April 04, 2023, 06:33:45 PM

Quote from: tjtonmoy on April 04, 2023, 03:18:41 PM

Quote from: Kalchef on March 27, 2023, 09:27:15 AM

Market manipulators must have made me want to wet my pants, in the past years there are many FUD about Bitcoin, calling it another bubble, this could have made me give up.

We all have our demons too, I could have listened to them, saying, sell, sell, sell, you dummy, this thing is going to die and you will lose all your capital.

This is why it is important to enter the market only after you are able to control your emotions properly. Those 2 things you mentioned are the side effects of listening to your emotions. As human, we make mistakes and we learn from it. So it is important for newbies to start with small assets too. If you are going to lose, then lose small and learn from it.
And experiencing this is not a bad thing. It helps clear out weak holders from the market and gives us the opportunity to fill our bags with DIPs. And also there's this advantage of learning from the mistakes. You did a good job OP for not listening to your emotions and keeping a strong belief on your decision. Keep it up.

Exactly, it is really essential to control your emotions especially in tough moments. Otherwise, you will lose a lot of money. For me, I would rather disconnect myself from social media news than be manipulated and affected by them despite it is really important to be updated but unfortunately the media is full of fake news , you cannot easily know what’s real.
I have seen a statistic before it said 2 from 3 news are fake. So you have to be careful and recheck the news before making any decisions.

Moreover, if you believe in Bitcoin, then it will never disappoint you. Despite the market is kinda volatile but it certain that everything will get better as soon as possible, it might take weeks or months. We don’t know when but we are pretty sure that it will happen. Keep investing until Bitcoin increases significantly again.

Even most of the news which are real are presented in a way which could cause the biggest impact to the ones reading, then it is important to know very well why we are invested in bitcoin and to have clear long term goals, otherwise one of those news will eventually make our emotions fluctuate and cause us to doubt our decision to be invested in bitcoin, and if that happens then it is almost a certainty that at some point you will make a mistake and sell your coins before you reach your goals.

hannahB4

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Apart from holding Bitcoin and not yielding to your village people to sell, there is another thing to be considered, this is for you to know the right time to sell and this is determined by the rate of profit you want to acquire from your initial capital

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Quote from: Kalchef on March 27, 2023, 09:27:15 AM

~snip~
You are not too late, you just find the reason to keep supporting Bitcoin, to keep holding your Bitcoin bag. My confidence in Bitcoin is now 100%.

Don't get FOMO just because we see people say that Bitcoin/cryptocurrencies are able to give us 10x profit in a day but we should do our own research before investing in any instruments especially cryptocurrencies. Everyone will keep trading Bitcoin since they use their experience and knowledge to earn more and those for holders will use their patience to earn more.

tjtonmoy

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Quote from: Baoo on April 04, 2023, 06:33:45 PM

I have seen a statistic before it said 2 from 3 news are fake. So you have to be careful and recheck the news before making any decisions.

News is the most broken thing in the world. We only see or hear what they choose to tell us. And we think that they are always telling the truth. Given the fact that everyone can access the internet with a device in their pocket makes it much more dangerous. All you have to do is type something and post. Boom, the world knows about it.

I don't watch that much news. Basically local news that's been going on. Sometimes I come across some news on social media. If I think they are interesting enough, then I watch it. Otherwise, it's a waste of time.

Quote from: Baoo on April 04, 2023, 06:33:45 PM

Moreover, if you believe in Bitcoin, then it will never disappoint you. Despite the market is kinda volatile but it certain that everything will get better as soon as possible, it might take weeks or months. We don’t know when but we are pretty sure that it will happen. Keep investing until Bitcoin increases significantly again.

Yeah, the best choice while investing right now is Bitcoin. Others are just centralized shit. Despite the current price, Bitcoin is always the safest one to put your money on. Hold long enough, you'll get your share of profits for sure.

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Quote from: tjtonmoy on April 04, 2023, 03:18:41 PM

Quote from: Kalchef on March 27, 2023, 09:27:15 AM

Market manipulators must have made me want to wet my pants, in the past years there are many FUD about Bitcoin, calling it another bubble, this could have made me give up.

We all have our demons too, I could have listened to them, saying, sell, sell, sell, you dummy, this thing is going to die and you will lose all your capital.

This is why it is important to enter the market only after you are able to control your emotions properly. Those 2 things you mentioned are the side effects of listening to your emotions. As human, we make mistakes and we learn from it. So it is important for newbies to start with small assets too. If you are going to lose, then lose small and learn from it.
And experiencing this is not a bad thing. It helps clear out weak holders from the market and gives us the opportunity to fill our bags with DIPs. And also there's this advantage of learning from the mistakes. You did a good job OP for not listening to your emotions and keeping a strong belief on your decision. Keep it up.

Exactly, it is really essential to control your emotions especially in tough moments. Otherwise, you will lose a lot of money. For me, I would rather disconnect myself from social media news than be manipulated and affected by them despite it is really important to be updated but unfortunately the media is full of fake news , you cannot easily know what’s real.
I have seen a statistic before it said 2 from 3 news are fake. So you have to be careful and recheck the news before making any decisions.

Moreover, if you believe in Bitcoin, then it will never disappoint you. Despite the market is kinda volatile but it certain that everything will get better as soon as possible, it might take weeks or months. We don’t know when but we are pretty sure that it will happen. Keep investing until Bitcoin increases significantly again.

tjtonmoy

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Quote from: Kalchef on March 27, 2023, 09:27:15 AM

Market manipulators must have made me want to wet my pants, in the past years there are many FUD about Bitcoin, calling it another bubble, this could have made me give up.

We all have our demons too, I could have listened to them, saying, sell, sell, sell, you dummy, this thing is going to die and you will lose all your capital.

This is why it is important to enter the market only after you are able to control your emotions properly. Those 2 things you mentioned are the side effects of listening to your emotions. As human, we make mistakes and we learn from it. So it is important for newbies to start with small assets too. If you are going to lose, then lose small and learn from it.
And experiencing this is not a bad thing. It helps clear out weak holders from the market and gives us the opportunity to fill our bags with DIPs. And also there's this advantage of learning from the mistakes. You did a good job OP for not listening to your emotions and keeping a strong belief on your decision. Keep it up.

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Quote from: bounceback on April 04, 2023, 12:29:57 PM

Quote from: TribalBob on March 27, 2023, 05:17:26 PM

bitcoin has a cycle, which repeats itself so we can predict what the price will be during a halving , even though it's not ATH but there will be a significant increase after a decline, but all of this is inseparable from fud which will test the strength of the heart to survive, but there are some who release their btc for fear of experiencing a deeper loss
but if you hold btc from 2016 I don't think you will ever experience a loss if you hold btc until the end

But actually not everyone who had bitcoins in 2016 was strong enough to hold their bitcoins so far and I think only a few of them have been lucky not to sell their bitcoins when they were in a bear market in previous years basically even though we know the crypto market have two cycles, bear and bull which will likely continue to repeat itself but if we cannot control our greed and panic as we go through this cycle then there is no way we can hold our bitcoins long term, holding is indeed a good way to avoid the volatility of market moves but not all investors have strong hands.

in conclusion, is to check everything in detail. Research is needed to find out all about the project that will be followed. Without doing research is the same as ignoring the risks that might occur. Projects that have just been launched can suddenly go bankrupt, especially new projects that still don't have good relationships. There is much to research before following it. What the OP explained is clear enough, you just need to run it.

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Quote from: Kalchef on March 27, 2023, 09:27:15 AM

Even if I have bought some bitcoin a few days after the launch day, there is a 99% chances that I would have sold the Bitcoin, the enemies of holding Bitcoin for a newbie is

1. Market manipulators
2. My own psychology

Market manipulators must have made me want to wet my pants, in the past years there are many FUD about Bitcoin, calling it another bubble, this could have made me give up.

We all have our demons too, I could have listened to them, saying, sell, sell, sell, you dummy, this thing is going to die and you will lose all your capital.

I believe it's a good thing to have grown with Bitcoin all this past years and have grown the confidence to hold through any weather, Bitcoin have proven itself to be the best solution to decentralization.

Now I don't hear my demons trying to confuse me to sell, I was there once, I knew how it felt to believe in something you don't have trust in, today I've made up my mind, to always be with Bitcoin.

You are not too late, you just find the reason to keep supporting Bitcoin, to keep holding your Bitcoin bag. My confidence in Bitcoin is now 100%.

Your depth of confidence with holding your bitcoin as long as necessary came with your long experience with bitcoin seeing how sustainable, reliable and dependable the coin is sure to be in any weather even when other coins are falling. And it may not be so with others, of which I don't blame them as they have gotten some level of experience with bitcoin over the years and this can affect their confidence about the coin when some kind of FUD is spread with such intend to make them sell even at loss.

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Quote from: TribalBob on March 27, 2023, 05:17:26 PM

bitcoin has a cycle, which repeats itself so we can predict what the price will be during a halving , even though it's not ATH but there will be a significant increase after a decline, but all of this is inseparable from fud which will test the strength of the heart to survive, but there are some who release their btc for fear of experiencing a deeper loss
but if you hold btc from 2016 I don't think you will ever experience a loss if you hold btc until the end

But actually not everyone who had bitcoins in 2016 was strong enough to hold their bitcoins so far and I think only a few of them have been lucky not to sell their bitcoins when they were in a bear market in previous years basically even though we know the crypto market have two cycles, bear and bull which will likely continue to repeat itself but if we cannot control our greed and panic as we go through this cycle then there is no way we can hold our bitcoins long term, holding is indeed a good way to avoid the volatility of market moves but not all investors have strong hands.

Topic: I still believe I am on the right path - page 3. (Read 856 times)