Just enjoying my first Bitcoin bull run. - page 2.

Cantsay

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Quote from: Fiatless on January 21, 2023, 03:11:55 AM

For now, I am enjoying the profit feelings because I knew bitcoin in the bear season, this is my first bull season.

That might be great news for you unlike most people that are still hodling when Bitcoin was still in its all time high.
So you won't expect people that got their Bitcoin when the price was Approximately $50,000 to $60,000 to be celebrating because the price of Bitcoin has risen from $15,000 to $23,000. Not until the price get to $40,000 or more I still won't consider it has a bull run.

But I still have hope that we're going to see the better side of Bitcoin before the year runs out. So just keep hodling

Lucius

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I would call the current situation a solid recovery and a return to the level where Bitcoin would have been had some very bad things not happened (Kwon&Bankman). Some may have been surprised, others not - but the beginning of the year began with very good economic results on the stock market, as well as predictions that the central banks will not be too harsh in raising interest rates this year.

This is definitely not the big bull run that comes after the halving (at least it was like that in the past), but for those who took advantage of the opportunity and bought cheaply like the OP, everything that is happening seems like the beginning of a beautiful story in the financial sense. Let people enjoy while they can, but let them always be ready for negative changes.

Doan9269

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Quote from: Fiatless on January 21, 2023, 03:11:55 AM

For now, I am enjoying the profit feelings because I knew bitcoin in the bear season, this is my first bull season

Good for you but know that this isn't the bull season in full, but i will regard it as a signal for it coming soon,but being your first experience it's good that you termed it your first bull run, this is part of the profitability that comes in with bitcoin if you buy the dip it will surely gives you a better profit to take in along with time, there are times as well it can run dip but that doesn't change the fact that it's profitable since it's a volatile digital currency, there will always be a surge to run the price high whenever it's low.

_act_

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Quote from: Fiatless on January 21, 2023, 03:11:55 AM

Most people who have lost money are warning that this bull trap is to attract investors and there might be a fall in price because they think the bull run would

Three years after bitcoin halving is always bull run, bear market will also occur, but people that buy when the price was low do not lose. Some people believe that bull run would be 2024, definitely it will likely be like that, but we are also expecting some bull market in 2023.

Quote from: Fiatless on January 21, 2023, 03:11:55 AM

For now, I am enjoying the profit feelings because I knew bitcoin in the bear season, this is my first bull season. It was bad to look at your wallet and always discover that you have lost for months, it was emotionally stressful. Since I went through some emotional stress during the bear run, I must enjoy every bit of this bull season. Its good to look at your wallet and discover that you are making money doing nothing.

All I believe is that from January 1 2023 to 2025, the market will favour the bulls the most, but there might be some bear market especially in 2023.

mk4

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Don't get your hopes up too much. While we've seen a good bounce, it doesn't mean we're out of the bear just yet. We can just as easily drop down lower than the current low just as quick or maybe quicker than the recent bounce.

Pokapoka124

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Quote from: Fiatless on January 21, 2023, 03:11:55 AM

This bull run is giving me and my friends so much joy. When we were accumulating people were mocking us. One even advised me to change my coin to Ustd but I kept the faith and was patient. Some are saying it is the bull run and others are saying it is a bull trap. Most people who have lost money are warning that this bull trap is to attract investors and there might be a fall in price because they think the bull run would start next year. Other bitcoin hardcores are saying that the bull is already in the bitcoin space.

I don’t listen to the so called bitcoin hardcores giving financial advice, most don’t know what they are talking about. They will say anything to get the views and subscribers. I hate to burst your bubble but this is isn’t a bull run, bitcoin is still at 20-21k range which is very far from its previous ATH. Like you said you’re a newbie in profits and its quite understandable you term the current price as a bull run.

Quote from: Fiatless on January 21, 2023, 03:11:55 AM

For now, I am enjoying the profit feelings because I knew bitcoin in the bear season, this is my first bull season. It was bad to look at your wallet and always discover that you have lost for months, it was emotionally stressful. Since I went through some emotional stress during the bear run, I must enjoy every bit of this bull season. Its good to look at your wallet and discover that you are making money doing nothing.

Happy bull run.

I remember having the same feeling when I began hodling bitcoins. I would check my wallet every chance I got to know if I’m in profits or not. It’s not healthy at all, and I will advise you focus on accumulating for long term gains, if you’re not selling anytime soon there’s no point checking your wallet everyday.

Jawhead999

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When it's anything related with money, I wouldn't ever tell to tell or discuss with anyone including my closest friend.

One of the reason has been pointed out by @OP where he get mocked by other people (I assuming it's his friend) so you will lose your confident and your emotional will play more than your logic. Even if you're successfully stand with your choice e.g. holding your coin, not convert it to USDT, after then you will mock them back and they would mad to you.

There's a chance your friendship will ruined and they might attack you when you're already success.

Fiatless

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Quote from: Upgrade00 on January 21, 2023, 03:22:36 AM

I am not most people who have lost money, but we cannot call this a bull run yet. We are at a similar value we were at 3 months ago and that's indicative of a market recovery, but it's not yet a bull market.

You should also try to separate your emotions from the market actions if you intend to be a long term holder. The market could change anytime and if you react to any movement on the chart you would be reacting a lot and maybe sell at a loss or sell too early.

Quote from: Fiatless on January 21, 2023, 03:11:55 AM

Its good to look at your wallet and discover that you are making money doing nothing.

You are not making money, you still have the same exact amount of BTC. You onuy profit when you sell.

It's true you make money when you sell but I usually compare the price/ worth of bitcoin with dollars. And there is always a feeling that your coin is appreciating.
As for my emotion I was a new bitcoin holder and gradually I became used to the price situation.

Upgrade00

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I am not most people who have lost money, but we cannot call this a bull run yet. We are at a similar value we were at 3 months ago and that's indicative of a market recovery, but it's not yet a bull market.

You should also try to separate your emotions from the market actions if you intend to be a long term holder. The market could change anytime and if you react to any movement on the chart you would be reacting a lot and maybe sell at a loss or sell too early.

Quote from: Fiatless on January 21, 2023, 03:11:55 AM

Its good to look at your wallet and discover that you are making money doing nothing.

You are not making money, you still have the same exact amount of BTC. You onuy profit when you sell.

Fiatless

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This bull run is giving me and my friends so much joy. When we were accumulating people were mocking us. One even advised me to change my coin to Ustd but I kept the faith and was patient. Some are saying it is the bull run and others are saying it is a bull trap. Most people who have lost money are warning that this bull trap is to attract investors and there might be a fall in price because they think the bull run would start next year. Other bitcoin hardcores are saying that the bull is already in the bitcoin space.

For now, I am enjoying the profit feelings because I knew bitcoin in the bear season, this is my first bull season. It was bad to look at your wallet and always discover that you have lost for months, it was emotionally stressful. Since I went through some emotional stress during the bear run, I must enjoy every bit of this bull season. Its good to look at your wallet and discover that you are making money doing nothing.

Happy bull run.

Topic: Just enjoying my first Bitcoin bull run. - page 2. (Read 244 times)