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Topic: Know your time to HOLD - page 11. (Read 1917 times)

sr. member
Activity: 1386
Merit: 406
May 19, 2023, 04:25:56 AM
#55
Since you have decided to buy Bitcoin when the price of Bitcoin drops to $25K, you may have to wait for a while.  Because right now the price of bitcoin is between 27K and 27.5K dollars and the market goes down more than it increases every day because the market has more downs than ups so maybe the price of bitcoin can come down to 25000 dollars very soon. 

If you can buy bitcoins at $25K then you will try to hold bitcoins for a long time. Because if you buy at $25K there is a high probability that the market will go up and if you can hold it for a long time then you will get good profit.
copper member
Activity: 2268
Merit: 539
DGbet.fun - Crypto Sportsbook
May 19, 2023, 04:22:59 AM
#54
If you have Bitcoins in your wallet and holding it for long term, then definitely you won’t make any losses. The reason is very simple. We know Bitcoins are fixed or limited in number, hence they are very rare. The marketcap of the coin is very big, so it proves that people are well known about the coin, and the coin is being transacted at high rate daily. So when the demand to acquire the coin will increase, the price will automatically go up due to the fixed amount of coins. So yes if you are holding the coins, then hold it for few more months. Definitely you will get huge profits from it.
sr. member
Activity: 1288
Merit: 305
yes
May 19, 2023, 12:49:13 AM
#53
Bitcoin is not a get rich quick investment, you must be patient and strong to hold for long. Long term investment is the best for bitcoin. If it goes down or rise up, you still hodle and hodle till the next bull market.
But at the mean time, if you think that price is high and you can't buy for now then you can diversify the investment to other areas like other coins. So have more patience and endurance because that’s the only way you can manage your investments for long term, patience is investment. Nobody know when bull market will come or bear market. Long time is best.
The market is volatile, and trading is risky, always ready to face either the bull or bear season in the market. We identify solid bitcoin entries and also know when to trigger a sell signal, whether in a bull or bear season. We should do our best to understand the market and how its entire operations in order to benefit most of the time, because it is not always guaranteed to be 100% profits, partly through technical and fundamental analysis. HOLD is only possible by patience with structure longterm investment, and planning good setups in order to capitalize on available earnings.
copper member
Activity: 1498
Merit: 1619
Bitcoin Bottom was at $15.4k
May 19, 2023, 12:16:50 AM
#52
The chances that you can predict where the market will move are way less than you think are. I would prefer you to stack and forget rather than try to buy/sell regularly or weekly.
That's not how you should treat Bitcoin or any other crypto. News/Event based trading is something which should be done in minutes and provides a lot of advantage if you are early.
hero member
Activity: 616
Merit: 749
May 18, 2023, 11:41:49 PM
#51
I have waited for the price to reach $25k for me to start pumping my money, it never reach there. I grows impatient daily, I won't wait more than 1st of July, any price I see it is what I buy.

I don't like to sound desperate, do I sound desperate or determine to make money?

Bitcoin HODLing for years can not be a lost affair.

You do not have to be waiting physically and monitoring the market waiting for the price of Bitcoin to reach $25k before you place your buy order, you can do that automatically on the exchange that you're using. You can deposit only the amount you want to use to buy the Bitcoin and places an automatic buy order so when Bitcoin reaches that price, it buys it automatically.

You can also DCA, you buy some Bitcoin now and wait for the price to touch $25k before buying the same quality again and wait for Bitcoin to fall to the next support before you rebuy. Just waiting for Bitcoin to touch $25k mightn't happen and you don't want to miss buying.
newbie
Activity: 8
Merit: 1
May 18, 2023, 11:07:08 PM
#50
Yes i think is holding time is right .
legendary
Activity: 1176
Merit: 1005
crunck
May 18, 2023, 06:05:30 PM
#49
Bitcoin is not a get rich quick investment, you must be patient and strong to hold for long. Long term investment is the best for bitcoin. If it goes down or rise up, you still hodle and hodle till the next bull market.
But at the mean time, if you think that price is high and you can't buy for now then you can diversify the investment to other areas like other coins. So have more patience and endurance because that’s the only way you can manage your investments for long term, patience is investment. Nobody know when bull market will come or bear market. Long time is best.

Even if you invest in other fields or other coins for which you have no patience, you will not succeed. The more impatient you are, the quicker you lose money. It seems that he is still a newbie to the market, giving your altcoin investment advice would be the next mistake he is prone to make. Altcoins are not for beginners who want to make quick money because it is a lot riskier. To be able to invest in altcoins at least you need to spend a lot of time doing research.
legendary
Activity: 2422
Merit: 1083
Leading Crypto Sports Betting & Casino Platform
May 18, 2023, 06:03:06 PM
#48
Bitcoin HODLing for years can not be a lost affair.
If you know the recipe for how mostly are making profits through holding Bitcoin as you've said, then why not do what others are doing as well?
You're good to trade for profits whether it's on a daily basis or weekly basis but don't let yourself have any Bitcoin that's set for long-term holding. It is what it is but those that are dominating this market are the people who have experienced the toughest times of the market and learned how to be the most patient people in the hardest times.

If I were you, I will buy bitcoin at its current price, and if by July, the price become cheaper, I will buy more to bring my average buying price down, remember, this market can't be predicted accurately.
Yeah, if he's just here til' July then he should take advantage of the moment that he's seeing. Buy and decide to sell for that month if the market goes better.

In this market, it is all up to us how we will prepare for the future.
We may have seen some people holding for long-term because they have reasons.
You can read various insights from newcomers as well as long timers, but at the end of the day, it is your decision to make.
It is your own money, so you should decide on what to do and not follow other's suggestions.
But of course you can always gauge and asses the insights you can read over the net.

You are completely right bud, it is always our personal decisions to make at the end of the day, as we all already know that if one follow the advice he found on the Internet, and maybe things later didn't go as envisioned, there is no way such person would hold the one that gave the advice responsible, reasons being that..
1. You don't know each other, and neither have you ever meet, and chances of meeting is even slim..
2. You were not forced, you read, and on your own decided to do as advised.

So basically, it's up to OP to decide what's best for him, is his money, is his financial life and it is his sole responsibility to plan it the way he wants, but like they say, "no man is an island of knowledge", it is never a shameful thing to add other people's wisdom to yours for better results, most especially when you feel you are in a cross road and don't know the right way to go.
hero member
Activity: 3066
Merit: 629
20BET - Premium Casino & Sportsbook
May 18, 2023, 05:54:49 PM
#47
Bitcoin HODLing for years can not be a lost affair.
If you know the recipe for how mostly are making profits through holding Bitcoin as you've said, then why not do what others are doing as well?
You're good to trade for profits whether it's on a daily basis or weekly basis but don't let yourself have any Bitcoin that's set for long-term holding. It is what it is but those that are dominating this market are the people who have experienced the toughest times of the market and learned how to be the most patient people in the hardest times.

In this market, it is all up to us how we will prepare for the future.
We may have seen some people holding for long-term because they have reasons.
You can read various insights from newcomers as well as long timers, but at the end of the day, it is your decision to make.
It is your own money, so you should decide on what to do and not follow other's suggestions.
But of course you can always gauge and asses the insights you can read over the net.
We've got a glimpse of it and based on the history of having Bitcoin we've got all the idea of what it will look like in the nearest future. We set a timetable on how long we shall be involved here but for most, there's no exit plan. And that is because we know how the financial system sucks and the banking system is certainly about to get worse soon. Having your own plan is a good one based on how you look into the market. You have your own belief and style of investing so no one can stop you if you want to hold or if you want to sell and stay here for a very short period of time.

Holding a single coin for many months is not easy and can not make us get the kind of profits we really want. There is need to hold multiple coins to earn more from different liquidity.
It's easy actually, you only have to wait until the total value becomes more than the capital you've used in buying it.
sr. member
Activity: 1008
Merit: 262
20BET - Premium Casino & Sportsbook
May 18, 2023, 05:54:00 PM
#46
Bitcoin is not a get rich quick investment, you must be patient and strong to hold for long. Long term investment is the best for bitcoin. If it goes down or rise up, you still hodle and hodle till the next bull market.
But at the mean time, if you think that price is high and you can't buy for now then you can diversify the investment to other areas like other coins. So have more patience and endurance because that’s the only way you can manage your investments for long term, patience is investment. Nobody know when bull market will come or bear market. Long time is best.
There area till people that are making crazy money from the market that is why we need to to seek for understanding and update so that we don't need to rely on a single coin for it to give us the kind of profits we need to get to where we want to us ourselves. There are people who do get the update of when new coins are launching and they don't miss the opportunity to hold the kind of coin that will give them the kind of profits they want to have in the market.

Holding a single coin for many months is not easy and can not make us get the kind of profits we really want. There is need to hold multiple coins to earn more from different liquidity.
sr. member
Activity: 448
Merit: 264
WOLFBET.COM - Exclusive VIP Rewards
May 18, 2023, 05:47:05 PM
#45
Bitcoin is not a get rich quick investment, you must be patient and strong to hold for long. Long term investment is the best for bitcoin. If it goes down or rise up, you still hodle and hodle till the next bull market.
But at the mean time, if you think that price is high and you can't buy for now then you can diversify the investment to other areas like other coins. So have more patience and endurance because that’s the only way you can manage your investments for long term, patience is investment. Nobody know when bull market will come or bear market. Long time is best.
full member
Activity: 1246
Merit: 102
Enterapp Pre-Sale Live - bit.ly/3UrMCWI
May 18, 2023, 05:42:29 PM
#44
My take on bitcoin in 2023 by the way it bought and was pumping pumping and pumping was like it will never stop. I thought it was my year to make my money and keep much of Bitcoin in my wallet. But the dullness of over 2 months has changed my mind. The scenario poured coldness in my mind but again let me know that bitcoin behaves like an asset and asset has the time to buy and sell not the way I thought it will always be be buying.

I have waited for the price to reach $25k for me to start pumping my money, it never reach there. I grows impatient daily, I won't wait more than 1st of July, any price I see it is what I buy.

I don't like to sound desperate, do I sound desperate or determine to make money?

Bitcoin HODLing for years can not be a lost affair.

 
It seems that you are investing an amount that you can’t afford to lose so that made you impatient with how the price of bitcoin is going through. You should have known in the first place that the market is highly volatile so expect that there will be more price swings and price decline that will be seen happening in the market. But if you have the patience to trust the process, long term hodling will never disappoint you as long as you also invest with positive mindset and the right attitude towards your long term investment.
identify the initial goal first in buying bitcoin, if you are for short-term trading, then it seems that you can still make money, but if you buy to get a pump in the near term, it seems that it is wrong. we all here don't know when there will be a bullrun on bitcoin, so it has to be long term. My advice is to improve your mindset or get out of the market immediately, because it could happen that bitcoin will fall below $ 25k like your purchase and can experience a longer bearish season
hero member
Activity: 2744
Merit: 588
May 18, 2023, 04:59:16 PM
#43
Bitcoin HODLing for years can not be a lost affair.
If you know the recipe for how mostly are making profits through holding Bitcoin as you've said, then why not do what others are doing as well?
You're good to trade for profits whether it's on a daily basis or weekly basis but don't let yourself have any Bitcoin that's set for long-term holding. It is what it is but those that are dominating this market are the people who have experienced the toughest times of the market and learned how to be the most patient people in the hardest times.

If I were you, I will buy bitcoin at its current price, and if by July, the price become cheaper, I will buy more to bring my average buying price down, remember, this market can't be predicted accurately.
Yeah, if he's just here til' July then he should take advantage of the moment that he's seeing. Buy and decide to sell for that month if the market goes better.

In this market, it is all up to us how we will prepare for the future.
We may have seen some people holding for long-term because they have reasons.
You can read various insights from newcomers as well as long timers, but at the end of the day, it is your decision to make.
It is your own money, so you should decide on what to do and not follow other's suggestions.
But of course you can always gauge and asses the insights you can read over the net.
hero member
Activity: 2856
Merit: 674
May 18, 2023, 04:58:25 PM
#42
My take on bitcoin in 2023 by the way it bought and was pumping pumping and pumping was like it will never stop. I thought it was my year to make my money and keep much of Bitcoin in my wallet. But the dullness of over 2 months has changed my mind. The scenario poured coldness in my mind but again let me know that bitcoin behaves like an asset and asset has the time to buy and sell not the way I thought it will always be be buying.

I have waited for the price to reach $25k for me to start pumping my money, it never reach there. I grows impatient daily, I won't wait more than 1st of July, any price I see it is what I buy.

I don't like to sound desperate, do I sound desperate or determine to make money?

Bitcoin HODLing for years can not be a lost affair.

 
It seems that you are investing an amount that you can’t afford to lose so that made you impatient with how the price of bitcoin is going through. You should have known in the first place that the market is highly volatile so expect that there will be more price swings and price decline that will be seen happening in the market. But if you have the patience to trust the process, long term hodling will never disappoint you as long as you also invest with positive mindset and the right attitude towards your long term investment.
hero member
Activity: 3066
Merit: 629
20BET - Premium Casino & Sportsbook
May 18, 2023, 04:54:32 PM
#41
Bitcoin HODLing for years can not be a lost affair.
If you know the recipe for how mostly are making profits through holding Bitcoin as you've said, then why not do what others are doing as well?
You're good to trade for profits whether it's on a daily basis or weekly basis but don't let yourself have any Bitcoin that's set for long-term holding. It is what it is but those that are dominating this market are the people who have experienced the toughest times of the market and learned how to be the most patient people in the hardest times.

If I were you, I will buy bitcoin at its current price, and if by July, the price become cheaper, I will buy more to bring my average buying price down, remember, this market can't be predicted accurately.
Yeah, if he's just here til' July then he should take advantage of the moment that he's seeing. Buy and decide to sell for that month if the market goes better.
sr. member
Activity: 2436
Merit: 343
May 18, 2023, 04:54:07 PM
#40
snipped...
We are still in bear market, so no, the price will not go on parabolic rise. Are you really sure you want to hold long term? because for me it sounds like you wanted to get a good profit right away.

No offense mate, but HODLing is a tough game, you need to prepare yourself to just grind day in, day out, buy every week and protect it in your wallet. So if I were you, just do DCA and continue to accumulate regardless of the price, in my opinion. And see how it goes for you after the block halving next year.
Holding is really hard at the start, negative emotions are gonna make us think "of not doing it". But if we really have the goal to do it and a good reason, nothing is impossible. But in the situation with OP and based on his statement, you are probably right, it was difficult for him to hold when our minds is not syncing on it as it only fails in the end. If we can't control our emotions, never be going to expect that Holding can be easy to achieve instead, we gonna expect this would end our journey in crypto.
hero member
Activity: 2142
Merit: 670
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May 18, 2023, 04:54:01 PM
#39
My take on bitcoin in 2023 by the way it bought and was pumping pumping and pumping was like it will never stop. I thought it was my year to make my money and keep much of Bitcoin in my wallet.
.......
Bitcoin HODLing for years can not be a lost affair.
For me, it will be worth wait for long term holding if Bitcoin even until several years later. Hopefully, I can really meet the bullrun again, so the wait for the season  y holding Bitcoin tightly will be reallly worth wait. I have no idea to sell the BTC right now although it has been increasing.. there are still enough time to add more amounts and keep them by holding, becoming more patient for holding.
legendary
Activity: 2422
Merit: 1083
Leading Crypto Sports Betting & Casino Platform
May 18, 2023, 04:48:37 PM
#38
Wether bitcoin will back down to $25k or below is what I can only believe when I see it happen, but if I was to advice you @op, I would say that now is still a good buy if you are planning to hold bitcoin for long term, if you wait from now to July, you never can tell if the price will be higher by then, and again, you will end up regretting why you didn't buy now.

If I were you, I will buy bitcoin at its current price, and if by July, the price become cheaper, I will buy more to bring my average buying price down, remember, this market can't be predicted accurately.
hero member
Activity: 1344
Merit: 540
May 18, 2023, 04:37:06 PM
#37
My take on bitcoin in 2023 by the way it bought and was pumping pumping and pumping was like it will never stop. I thought it was my year to make my money and keep much of Bitcoin in my wallet. But the dullness of over 2 months has changed my mind. The scenario poured coldness in my mind but again let me know that bitcoin behaves like an asset and asset has the time to buy and sell not the way I thought it will always be be buying.

I have waited for the price to reach $25k for me to start pumping my money, it never reach there. I grows impatient daily, I won't wait more than 1st of July, any price I see it is what I buy.

I don't like to sound desperate, do I sound desperate or determine to make money?

Bitcoin HODLing for years can not be a lost affair.

We are still in bear market, so no, the price will not go on parabolic rise. Are you really sure you want to hold long term? because for me it sounds like you wanted to get a good profit right away.

No offense mate, but HODLing is a tough game, you need to prepare yourself to just grind day in, day out, buy every week and protect it in your wallet. So if I were you, just do DCA and continue to accumulate regardless of the price, in my opinion. And see how it goes for you after the block halving next year.
hero member
Activity: 812
Merit: 560
May 18, 2023, 04:35:11 PM
#36
I have waited for the price to reach $25k for me to start pumping my money, it never reach there.

If you're conversant with the bitcoin price you would have seen that there are times earlier this year whe bitcoin price go dip to about $15,000 before it begins to rally round the zone of $20k and now to where it is, which means we cannot predict the volatility as to which direction ot goes or when it makes such moon

I don't like to sound desperate, do I sound desperate or determine to make money?

It's because you eeded a means to invest on a profitable investment makes you decided to invest on bitcoin, everyone of us has this as a mindset in one way or the other towards this even though that may not be the major reason why we chose bitcoin

Bitcoin HODLing for years can not be a lost affair.

You can never lost your asset as long as you're holding it on a decentralized wallet a d have the keys to the wallet with you alone, you will always have a good edge for a better future with your holdings.
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