Know your time to HOLD - page 13. | Bitcointalksearch.org

serjent05

legendary

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

No, you do not sound desperate, I find it ok to tell what is in your mind and expectations. There is nothing wrong in sharing your thoughts, besides that is your investment. Your money your decision.

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

Bitcoin HODLing for years can not be a lost affair.

That is the essence of Hodling, a person who is into Bitcoin investment have to hold Bitcoin for a long period of time in order for him to have a satisfactory profit. Most had been gaining 3x and more of ther Bitcoin investment especially when they timed it at the bear market and able to seel after 2 havling event. Just like in the year 2014-2015, when they are able to buy Bitcoin on that year and waited for two halving, in 2021, then they profited more than 20x of their investment

Majestic-milf

hero member

Activity: 1008

Merit: 629

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.

Razmirraz

sr. member

Activity: 1316

Merit: 422

Don't be in a hurry to make profits in Bitcoin investment, do it slowly with the support of high patience. No one can guess that the price of Bitcoin will continue to rise after you buy, so you need patience and time to reach your desired goal.
If you are still afraid of losing, never invest in Bitcoin. Simply put, Bitcoin has never promised real profits to anyone, those who are able to survive the shocks will win and get a bonus for their patience.

Obari

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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 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.

Well i want you to understand that bitcoin is an asset and hodling is a totally different business of its own and at such, you ought to be ready to follow its ethics.
And I think you should also understand that there is nothing certain about bitcoin not even its price movement which determines the profit and losses it offers.

Well there isn't no best time to buy and hodl bitcoin but what really matters is that you're doing the right thing and since you want to hodl, you should also try to doing so for a long a long time like 2 years or more and since you intend to hodl for long, I think we're still in the bear market and it's not a bad idea to buy at anytime within this period and you shouldn't wait for July as the price might even skyrocket by then.

xSkylarx

hero member

Activity: 2366

Merit: 594

It looks desperate, and the fact that you bought it in the same year shows that you are really after money. The fact that you said that it will start pumping and pumping means that you should not think about it; you should have a basis no matter what. For sure, you've just invested for thoughts or hype around you, which for sure makes you not last in bitcoin holding. That is really the cycle of bitcoin holding, and I hope that you'll learn from it and reflect on it. You won't get rich in just one year of holding bitcoin; you need a few years.

taufik123

legendary

Activity: 2716

Merit: 1859

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Why be impatient, the $25k target is definitely achievable in the near future.
Even if the price goes up, there are still plenty of opportunities to buy cheaper.
You don't need to panic just because the purchase target has not been reached.

Don't push yourself too hard to keep buying if the target hasn't been reached.
Wait and see what the market conditions are. Buying early will make you feel dissatisfied when prices continue to fall.

It's good to do DCA and prepare capital reserves for each purchase.
Buy lower and hold until you reach the top sales target.

Kelvinid

sr. member

Activity: 2828

Merit: 344

win lambo...

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?

Nah, you are actually telling the truth and the sentiment that you have. It is better to become clear and transparent about yourselves, rather than keeping it secret otherwise, you are ruining your goal and the reason why you are investing in Bitcoin. Well, we can assume what will happen in the market but we should still keep calm and have faith in crypto despite the corrections and slow recovery, we can be there someday that is why we should have to be patient.

Quote

Bitcoin HODLing for years can not be a lost affair.

Great rewards are what we actually get upon holding and was not wasted.

Sudeeq3350

newbie

Activity: 4

Merit: 0

I believe you come across as impatient because I can tell you invest and you are hoping to receive your money quickly or you invest money that, if you lose, could put you in financial difficulty. I believe this is one of the reasons why people have always advised investing only as much as we can afford to lose. Although I think it's your decision to buy at any price, I can see that you have done so as a Bitcoin investor.

Or someone who is learning how to invest in Bitcoin successfully, which is not the way it should be, I suggest you go and learn more about Bitcoin investment, such as when to invest and how the price fluctuates.

btcfan8

member

Activity: 112

Merit: 10

You don't sound desperate but certainly impatient. This is something that changes with more experience. I can only imagine you haven't been holding Bitcoin for very long.
Anything and everything imaginable will happen to BTC price. You could both be absolutely right and completely wrong at the same time.
You could think price hits $25k before taking off, but turns out it only goes to $30k, then drops to $10k before finally taking off to $100k.

The only certain thing is that long term holding will generate long term wealth. I suggest making DCA trades monthly, that's it.
Keep an excel where you track every purchase every month. Buy a set amount every month, no trades, no BS.

CarnagexD

sr. member

Activity: 1498

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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.

You are simply fearing of missing out the move. You know it will get higher. But you don't exactly know when and at what price you should buy and get a position. it's okay to be desperate, that's how you feel. What's not okay is if you do something you aren't sure of. Like your idea of buying at any price. In the market, you have to demand your own price.

Just a tip. Don't FOMO. There will always be another trade. There are abundant of opportunities in the market every day, every week, and it won't stop.

aoluain

legendary

Activity: 2464

Merit: 1387

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.

TBH you sound desperate!

Bitcoin is not a "get rich quick" scheme. Your thinking is very similar to those who get
into $hitcoins.

You need patience and a medium to long term outlook. Also a little more education
will trach you that on a weekly, monthly or multi-monthly Bitcoin doesnt keep going up!
There is a market there with traders, investors and speculators who all affect
that market up and down.

Ojima-ojo

hero member

Activity: 910

Merit: 507

This sound like storyline that is not properly written and from what I can see from your statement it reflects your level of low understanding of what bitcoin as an investment is and what role volatility plays in the price of bitcoin.

Secondly, you also lack the basic knowledge of the risk associated with Bitcoin as an investment and that is why you see Bitcoin as a get-rich-quick scheme, such a mindset always triggers up immediate and lack of motivation to wait, because as you mentioned in the last paragraph you stated that you will take whatever buy position that opened up from June 1st if nothing change or if the price continues to increase., this mentality can lead you into buying Bitcoin at ATH which is not a good entry position.

Zaguru12

hero member

Activity: 868

Merit: 952

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

vitya1982

newbie

Activity: 88

Merit: 0

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.

Call_Me_Guru

jr. member

Activity: 50

Merit: 27

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.

Topic: Know your time to HOLD - page 13. (Read 1917 times)