Know your time to HOLD - page 12. | Bitcointalksearch.org

Finestream

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Quote from: Zaguru12 on May 18, 2023, 07:07:53 AM

What I can deduce from your post is you getting lured into investing more of what you shouldn’t have invested thinking that the pump will increase for a short term. This is what is called the FOMO attitude but with bitcoin the safest way of holding and earning profit isn’t a short term thing but rather a long term strategy. There are also shirt term options but two months is just so short.

If you’re looking at earning profit on bitcoin or cryptocurrency on short term basis I would suggest you look into trading although it is more risky than the holding that is currently frustrating you

Know that if you can’t be good in long term investing, there’s high chances too that you won’t be successful when you trade. So always starts at the basic before you indulge yourself into a more risky activity. However, it’s true that two months hodling is very short, most of the time it takes months or years before you can be profitable from long term hodling. So have more patience and perseverance because that’s the only way you can manage your investments for long term, by not believing into FUDs and FOMO as they can ruin your long term hodling.

bussybuddy

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I see from the way you say it that you are looking to get rich quick in this market. Most people who think like you will fail as soon as they start investing in this cryptocurrency market. So it is best that you draw up a specific plan, consider and find out reputable project sources, as well as a reasonable allocation of assets for many different currencies. But still prioritize optimization and consider risks because this is inherently a volatile market that is also full of scams for new entrants.

The Cryptovator

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It is important to be patient when considering buying Bitcoin. Just because you have a target price in mind doesn't guarantee that it will be reached exactly. Market conditions are constantly changing, so it's necessary to make real-time decisions. If you believe that Bitcoin will consistently increase in value, it may not be the best investment for you. Additionally, waiting for a specific price to accumulate and then expecting a quick sell-off may not unfold as anticipated. There have been instances when Bitcoin starts to rise from our intended buying range, causing us to miss out. Therefore, it is crucial to conduct market research and determine the right time to buy and how long to hold the cryptocurrency.

BitDane

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Quote from: Call_Me_Guru on May 18, 2023, 06:56:05 AM

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.

Bitcoin market movement is really unpredictable, so we cannot justify anything just because our first few prediction happen. Worst, if we are following technical analyst, Bitcoin is known a shamer of technical analyst. There had been lots of prediction that bitcoin price movement had countered.

Quote from: Call_Me_Guru on May 18, 2023, 06:56:05 AM

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?

Why not start now? It would be more troublesome if bitcoin price goes up by the time you planned to buy it. You can always have the opportunity to DCA if ever Bitcoin price goes downward. But you will never average down if bitcoin price starts climbing up.

You don't sound desperate since your plan is to hold Bitcoin for years.

Quote

Bitcoin HODLing for years can not be a lost affair.

Rruchi man

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Quote from: Call_Me_Guru on May 18, 2023, 06:56:05 AM

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, allny price I see it is what I buy.

I assume that you are not well informed and you are without any form of guidance. If you were acting under guidance, the person would have told you that it is not a good plan to want to invest at once, and waiting is a dangerous game if you want to buy bitcoins. Buy bitcoins when you can as you can and do not just buy based on the price it is.

Quote from: Call_Me_Guru on May 18, 2023, 06:56:05 AM

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.

Don't get discouraged because things have not gone the way you expected it to go. Buy bitcoins today and keep buying, have faith about the price that although it does not look good, it will get better for investors.

mirakal

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Quote from: Call_Me_Guru on May 18, 2023, 06:56:05 AM

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.

Being desperate is out of the question because we all are determined to make profits and money from our investments, if that sounds desperate to you, so be it. But you will just have be patient because there will be a time for you and don't be in a hurry like you're in a competition because you are not as that will just produce mistakes along the road. The only one you're competing with is your mindset, which is not really helpful in these times.

mendace

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Quote from: Call_Me_Guru on May 18, 2023, 06:56:05 AM

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.

I can't determine whether you seem desperate or determined to make money, as it depends on others' personal interpretation. However, it is understandable that you may be frustrated with the situation.

Finally, you believe that holding Bitcoin for many years is not a lost deal, suggesting that you still maintain confidence in the long-term perspective of Bitcoin as an asset.
I can only add that you have misinterpreted the true meaning of Bitcoin.

Z390

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Quote from: Call_Me_Guru on May 18, 2023, 06:56:05 AM

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.

The dullness of the past two months only shows how weak you are, you have no place in crypto if you are going to get this fed up this fast, a strong bitcoin investor should start worrying after 2 full years of investment, you aren't seen nothing yet mate, ask those who survived through 2018 bear market, it was so annoying that many people who planned go hold Bitcoin for a long term start selling their Bitcoin and gave up their dreams.

People expect things to just work out like that, as if it's that easy to make money in the crypto space, it's not easy to be a holder, you heard that right, you will face some tough situations that can intervene with your crypto holding, if you are smart you will hold very tight and not get shaked by fear.

Dzwaafu11

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2 months is too little time to invest in bitcoin and expect a return with profit in such a short period of time. I believe you lack the patience for waiting because you view bitcoin as a quick way to get rich. Alternatively, when you hear people say they have been holding on to their investments for a long time, it seems to me that you have invested a sizeable sum of money that you cannot afford to lose and are afraid of losing it before the amount dumps for these. I believe you should continue waiting for a Bull run in order to profitably recoup your investment.

And for these, you need even more understanding about bitcoin investment, including how the bitcoin market functions and other crucial information you must understand in order to manage your coin.

buwaytress

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Let's say you've got $10k to burn. You don't, but hey, since we're playing games, let's say you've got that much money.

Price yesterday was below $27k, let's make it simple and call it an even $27k. If you'd bought at $27k, you'd have 0.37 BTC. If you'd waited for $25k, you'd have 0.4 BTC. Is that 0.03 BTC really worth waiting for? If you had $100k, that difference only becomes 0.3 BTC.

Now let's say you miss the boat and we don't look back and Bitcoin goes up, and up, and up. Do you keep waiting? Keep missing out?

Agbe

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I only see an imaginative pumping and pumping from the op. Op should give us some of his pumping, pumping and pumping evidence. I see it as a phishing Hunter. By the way, waiting for the bearish market or time time buy bitcoin is good but the question is when? The time is unknown. So now that the market is still on the semi bearish market, you make your purchase and wait for the next line of action. If it goes down as you put in the Topic, 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. Invest on them and when their price goes up then you sell it.

indah rezqi

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Quote from: aylabadia05 on May 18, 2023, 09:57:20 AM

Quote from: Call_Me_Guru on May 18, 2023, 06:56:05 AM

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.

Don't rush to decide. Use the DCA pattern.
No one knows if the price will move up or down. There is potential that in May the price will find it difficult to go up and still have the potential to fall below the current price due to several factors.

Yes, DCA is a good choice if the OP has any doubts about price.
After all, he shouldn't push his way through seeing $25k happen over May if an eventual price recovery is a fact. Bitcoin has breached $27k which may can break $28k resistance in the near term. If the OP hadn't waited too long at $25k, then maybe he'd have gotten some returns when bitcoin instead bounced to $27,500.

Quote from: aylabadia05 on May 18, 2023, 09:57:20 AM

If you can't wait to get into June, buying now will also be advantageous to keep in your portfolio because Bitcoin can make a surprise at any time.

The main point must be considered, yes it is DCA. Even if $27k was the highest in recent days, it was a lower price than early May. Buy now is fine if OP is planning a long term investment.

Lida93

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Bitcoin investment is not an easy task especially when you embark on with an amount of money that's not what you can easily let go while you patiently wait for whatever number of years it's going to take to get the amount of profit you had in mind before initiating it.

We should be wary of investing into any asset that pumps up value non-stop within short period of time particular if it's a cryptocurrency as they are likely to pump and dump leaving you the investor at your peril. For a currency like bitcoin you want to invest for a long plan it's appropriate that for a low income earners you could invest in an amount that is about a 10% or 15% of your total life savings to reduce tension on yourself should market price fall causing delay from how you had planned.

Most of the times, based on market volatility, it's the market that rather plans for us while we patiently waiting for a favourable season.

ajiz138

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Quote from: Call_Me_Guru on May 18, 2023, 06:56:05 AM

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 know targeting a lower price is good for our purchases, but if you are too tired of waiting why not just buy a little over $25k because it is just as good at a low price especially if you have increased your money to buy bitcoin then I think you should buy now instead of waiting for an uncertain drop even if it is so close to $25K.
But for me is when there is money then I will buy prices that are still below the $30k area it is still in a low situation.

Quote from: Call_Me_Guru on May 18, 2023, 06:56:05 AM

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

People who seem desperate will have high panic, so I think that feeling must be removed because in bitcoin you have to wait for longer patience to be determined if you want to make money in the next few years.

Quote from: Call_Me_Guru on May 18, 2023, 06:56:05 AM

Bitcoin HODLing for years can not be a lost affair.

If you save bitcoin properly then the HODling method will never disappear, I'm trying to survive deeper by HODLing in more than 5 years.

aylabadia05

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Quote from: Call_Me_Guru on May 18, 2023, 06:56:05 AM

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.

Don't rush to decide. Use the DCA pattern.
No one knows if the price will move up or down. There is potential that in May the price will find it difficult to go up and still have the potential to fall below the current price due to several factors.
If you can't wait to get into June, buying now will also be advantageous to keep in your portfolio because Bitcoin can make a surprise at any time.

Quote from: Call_Me_Guru on May 18, 2023, 06:56:05 AM

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

Your story reminds me of the type of person who plans too long and then changes.

palle11

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Quote from: Call_Me_Guru on May 18, 2023, 06:56:05 AM

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.

Never regret to invest or feel left out because there is always another opportunity to invest with you wait for a DCA. Before investing DYOR and confirm to your conscience, emotion and indicators. Yes there is buying time and selling time if you have the eyes to determine them through your lens of indicators but for now, more investors are coming in to hodl for halving, so it depends on what you want to do.

yazher

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Quote from: vitya1982 on May 18, 2023, 07:00:04 AM

You sound not desperate, but impatient. First of all, you should invest only what you can afford to lose because you never know when you will be able to gain profit, especially huge. Secondly, Bitcoin is a long term investment. It's not really a good idea to try to make money by investing in it for months unless you can see the future.

People get the wrong impression when they always hear stories from short-term holders of bitcoins little do they know not all of their stories are true and they just making stories for their content on youtube. Most people that are getting decent profit from bitcoins are those who were holding it for the long term and also they have multiple sources of income that's why they can have to hold it for that long. This is what most investors nowadays miss, they only rely on one video, and they rush to convert their assets to bitcoins hoping for quick and easy profits also some of them do the worse by borrowing money just for the sake of investing in bitcoins which is not right.

posi

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What I see in you is impatience and wanting to get rich quickly. I want to tell you that everyone who has failed to invest in bitcoin has the same mindset as you.
The market is unpredictable, no one knows what will happen in the future. What you can do is draw up a plan and stick to it, absolutely do not rush and do the opposite of what was outlined earlier. If you do not have too much experience in market analysis, try to consult with many others and then make a thorough assessment and make a final decision. Again, don't forget, bitcoin is not a get-rich-quick tool, and not everyone who invests in bitcoin makes a profit and becomes wealthy.

Yatsan

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Quote from: Majestic-milf on May 18, 2023, 09:20:11 AM

It's a desperate move and if you harbor that ' get rich quick ' mindset, you'd quickly lose interest when instead of profit, you encounter loss due to volatility. You're relatively new in the forum, so instead of jumping in without thinking, why not take out time to research and better study the market or possibly DCA while observing the market trends.
Bitcoin investment is something that is risky as there is zero regulation and no collateral Incase things go south hence the need to not be in a hurry.
I think it's better to just buy now and hold instead of waiting till 1st July since this has been marked to be a good year for Bitcoin.

Every investment has its own risk. Also, I'm not quite aware of July 1st to be an indicator of the market unlike with the last quarter of the year. However those expectations does not mean certainty. The market price will go sideways without any particular hint.

Whether to hold or not, depends on the investor; short term or long term. Basically, short term investors are the ones who swings in every price action. Is it best to just hold? If you can endure seeing how price changes from time to time, then you're good with long term holding. Price is somewhat consistent upward if you'd use yearly timefrme.

Eternad

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Quote from: Call_Me_Guru on May 18, 2023, 06:56:05 AM

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.

Golden rule in trading. There’s no asset that can perform a continuous pump for a short period of time. You can only see this kind of price behavior when you are using a long time frame and Bitcoin is the perfect example. You can only expect a continuous growth on Bitcoin investment if you are viewing it in long term as in you don’t consider short term trade to avoid emotion if there’s price action.

Quote from: Call_Me_Guru on May 18, 2023, 06:56:05 AM

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’m sure that you will still not buy in case the price reach 25K or you definitely sold again when the price dip further below 25K because that’s what kind of person you are according to your statement structure.

Quote from: Call_Me_Guru on May 18, 2023, 06:56:05 AM

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.

Badly desperate is the right term. You won’t be created this thread if you are not struggling within yourself.

Topic: Know your time to HOLD - page 12. (Read 1905 times)