Know your time to HOLD - page 6. | Bitcointalksearch.org

Vaculin

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Quote from: salad daging on May 26, 2023, 12:22:00 PM

Quote from: btc78 on May 25, 2023, 08:53:04 PM

Actually buying can be considered everytime because each day can be considered as good time to buy , but the problem is when we will be the selling.
and that is when the important matter comes , we can wait or not and that is your problem.

Buying it is right when the price is down or when the market is bearish where the price is uncertain, I know buying at any time is good unless you plan to invest in the long term, for example 5 years and above, but many people always do research in buying bitcoin they are then the current that occurs when the price goes down.

Are you still wondering when to sell bitcoins? If you buy at $27K then the bitcoin price goes up to $50K isn't that an advantage? In bitcoin you just need to be patient to wait for the price to rise again even for the long term is the best advice where we have to stick to it, next year will be very much looked forward to because it is predicted that the price will return to ATH again.

It would give us a great advantage if we actually know when is the best entry and best exit in the market. That way, we can maximize the growth of our investment especially if our goal is for long term. And with the right attitude and patience over our bitcoin investment, it’s a guarantee that we will actually reap a very good outcome after our hard work and sleepless nights. Know that long term hodling is the key to a profitable investment, especially with a very volatile investment like bitcoin.

Republikcoin.com

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Quote from: Bitcoin2009 on May 30, 2023, 11:02:26 AM

Holding is an easy thing that anyone can do, we already know the bitcoin track that prices will continue to rise so if we hold for the long term then we can get profits, fantastic price increases often occur every 4 years so if we hold for at least 4 years then we opportunity to profit 100% or even more.

It's easy as some people say, but not everyone can do it easily if they don't have the savings or spare money to buy Bitcoin and hold it for up to four years. This means that when everyone knows how the Bitcoin path moves, of course everyone will also immediately prepare money to buy Bitcoin. But what you also need to understand is that the path of Bitcoin's increase will always be different every year so that it is still difficult for anyone to know when Bitcoin's price will fall and when it will increase rapidly, even though in a four-year cycle the increase can be extraordinary.

nimogsm

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The mistake many novice bitcoin investors make is lack of patience. It is important to understand that this investment is not for a few weeks or a month, you need to learn how to wait. Of course, there is a second moment, the market can go up sharply and the price can be quite satisfactory and the investor will sell his bitcoins

bitterguy28

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Quote from: Call_Me_Guru on May 18, 2023, 07:56:05 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 not what you called as is , instead you are in bad term is greed people because all you wanted to expect
is greening but not ready when it red in which this is not what true investors attitude is.
if you cannot manage to keep the HODLing then better leave crypto investment because this is not just
for bitcoin but also for altcoins so know your position or else never gain anything here .

robattfield

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It is true that for those with experience, they can tell where the price of bitcoin is based on the trend that the market is taking. But that's only to a certain extent; it's not exactly a number. So it doesn't matter if you buy small amounts or even if the price of bitcoins seems high; it doesn't matter if you break them up into small pieces. This strategy can help you minimize the impact of short-term price movements and potentially reduce the risk associated with timing the market. However, you still have to take a long-term view and spread out your purchases at the right times to manage risk and increase your chances of earning potential profits.

sana54210

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Quote from: waONE on May 30, 2023, 05:53:10 AM

Quote from: flyingcarpet on May 29, 2023, 06:53:04 PM

I agree with this comment. He acted too hastily and gave the impression that he was making the wrong decisions. When you invest, you may not find a return immediately. Haste will cause you to make mistakes. Keep calm and plan. Then buy or buy bitcoin at any level you want. However, do not act hastily and unplanned. Most unplanned people behave this way.

because it is currently a bearish season, I know that traders' behavior can also be wrong,
because the emotions that get carried away when they see the price of the altcoin they are holding dump make panic to sell.
however, this action should also be avoided because the right time to hold is when it is bearish, and sell when it is bullish later.

I think it's not really a bear season right now, look at the price, it's quite good and I believe that we may not be in the bull run just yet but we are out of the bear stages if you ask me, look how much we have increased from the bottom, we are nearly 15k above the last one, about 11-12k if I am not wrong.

This is why I believe that we are doing fine and we shouldn't really consider this as an option. I know that people are reacting as if there is a big trouble going on but that's just the case and we should be considering it as a normal situation. Too many people end up considering this situation as bear, and that is why we are failing to go up even further, if people realized we were doing fine then we wouldn't be in this situation to begin with.

Bitcoin2009

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Holding is an easy thing that anyone can do, we already know the bitcoin track that prices will continue to rise so if we hold for the long term then we can get profits, fantastic price increases often occur every 4 years so if we hold for at least 4 years then we opportunity to profit 100% or even more.

Ojima-ojo

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Quote from: mich on May 30, 2023, 02:08:08 AM

Well you are making profits because you waited for price of $25k. And now price is more then $27,000. I do think now is a good time to HODL your Bitcoin.
Bitcoin trader Plan B says we are getting closer to crucial resistance point. And when we do pass it we will enter a 'bull market'.
Nikolaos Panigirtzoglou from JP Morgan says price of Bitcoin could move to $45,000 in coming months. https://www.cryptoglobe.com/latest/2023/05/jpmorgan-strategists-predict-bitcoin-price-could-reach-45000-amid-rising-gold-prices/

This statement hold a lot of confidence and a pointer to the level of hope and trust those bitcoin whales have, holding is key and we should all embrace that to better our stake, there is no doubt that we are going to see some bull market immediately after the strong resistance level at between 27k-30k which are price range that has held bitcoin down for a while now.

But I am sure that Bitcoin will have a pre-halving bull market turn since we have remained at a spot for quite a while now, btw we must also know how to properly DCA while we hold a substantial sum up in Bitcoin for the long term.

waONE

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Quote from: flyingcarpet on May 29, 2023, 06:53:04 PM

Quote from: Ojima-ojo on May 18, 2023, 08:11:07 AM

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.

I agree with this comment. He acted too hastily and gave the impression that he was making the wrong decisions. When you invest, you may not find a return immediately. Haste will cause you to make mistakes. Keep calm and plan. Then buy or buy bitcoin at any level you want. However, do not act hastily and unplanned. Most unplanned people behave this way.

because it is currently a bearish season, I know that traders' behavior can also be wrong,
because the emotions that get carried away when they see the price of the altcoin they are holding dump make panic to sell.
however, this action should also be avoided because the right time to hold is when it is bearish, and sell when it is bullish later.

mich

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Well you are making profits because you waited for price of $25k. And now price is more then $27,000. I do think now is a good time to HODL your Bitcoin.
Bitcoin trader Plan B says we are getting closer to crucial resistance point. And when we do pass it we will enter a 'bull market'.
Nikolaos Panigirtzoglou from JP Morgan says price of Bitcoin could move to $45,000 in coming months. https://www.cryptoglobe.com/latest/2023/05/jpmorgan-strategists-predict-bitcoin-price-could-reach-45000-amid-rising-gold-prices/

tygeade

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Quote from: Stavri on May 29, 2023, 01:21:16 PM

Ignore precoiners, ignore nocoiners.
HODL like a pro, HODL to the moon! Cool

What is "btfd"? I am not sure what that is but it looks like something I do not know and considering I have bene around for 10 years, I am shocked that there are still things that I do not know, this tells you no matter how much you study something, there are always things you do not know, it just works that way, you always keep learning.

I agree with the thought though, I ended up buying at 16k and 60k all the same, doesn't really matter to me, I buy all the time, don't care what the price is. Because, I believe that it will keep going higher and higher in the future, it doesn't matter, whenever I have some savings, I end up using that to buy bitcoin, no matter what the price is, I bought at any price you can think of, because I believe it will go up.

flyingcarpet

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Quote from: Ojima-ojo on May 18, 2023, 08:11:07 AM

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.

I agree with this comment. He acted too hastily and gave the impression that he was making the wrong decisions. When you invest, you may not find a return immediately. Haste will cause you to make mistakes. Keep calm and plan. Then buy or buy bitcoin at any level you want. However, do not act hastily and unplanned. Most unplanned people behave this way.

arimamib

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Quote from: Call_Me_Guru on May 18, 2023, 07:56:05 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.

On one option you have taken quite impressive actions in selling and buying and you are quite impatient if I have to say it. But I'm not against you because I believe you are someone who can give birth to the many benefits that you get in trading. So the main option maybe what I have to tell you is that we're at the low end and that's why you have to sell early isn't holding longer going to give you a sizable ROI.
yes, I see the market situation this month where BTC has not yet touched $25k and is only approaching it because the BTC price is relatively stable at $26k and is rising again.

STT

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Why wait at all when BTC has a massively divisible micro value that anyone can buy in the smallest amounts you possibly like to buy. Just spread it out over multiple days, weeks, months. If you want to have a plan based around July that could be reasonable but I would advise against the all or nothing route. All the predictions and expectations are just guesses and at the very best probability based scenarios, it might happen it might not. Everything expected is subject to revision by natural disruptions, if not that then political maybe even military campaigns who knows what stupid people will do next but BTC is still going to carry on anyway.

Kasabus

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Quote from: Call_Me_Guru on May 18, 2023, 07:56:05 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.

Having that mindset will not take you far in this market. Instead of being impatient and becoming so desperate, try not to focus on the negativity of the present event but always look forward on what bitcoin has to offer in the future. If you know in the first place that bitcoin is more on long-term investment, then you should learn to adjust and still see great opportunities whenever the price experience correction or when the market is being crashed. Know that bitcoin will never settle for less, but it always surge high and achieve new ATH in the right time.

Stavri

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Ignore precoiners, ignore nocoiners.
HODL like a pro, HODL to the moon! Cool

SirLancelot

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Quote from: 19Nov16 on May 21, 2023, 10:09:40 PM

Many people make mistakes when investing in bitcoin, when they see the price drop they panic and sell, most people can't wait to hold it so when the price rises they regret it, or conversely many people are too optimistic that the price will continue to rise and what happens is the price drops, it's better if we have to set a target for profit so it doesn't take too long to hold.

Bitcoin is supposed to be the easiest coin here in crypto. I can't imagine if there are still people who can make mistakes with it. Maybe they are only just a newbie on here who still lacks in knowledge but if these newbies only complete their lessons before they invest, they will be aware that the drop in the price is only normal. They can panic but not in a way that they will sell their coins.

Instead, what they will do is they will buy more coins. Many people can rush in investing but when it comes to the hodling part, they can get bore easily. If this is the attitude they are showing, well they can't deserve to be rewarded by a huge income with bitcoin.

Hamphser

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Quote from: Oasisman on May 27, 2023, 08:09:01 AM

Quote from: someone703 on May 24, 2023, 06:03:17 PM

Predicting specific prices in the cryptocurrency market can be challenging, as market movements are influenced by many different factors and can be volatile. Waiting for a specific price, such as $25K, may or may not materialize. Therefore, you should apply DCA to ensure your ability to reduce risk, avoid market effects, and adjust it to match the strategic plan you outlined earlier. Consider how far you can go; don't rely on a sense of urgency or despair that may not lead to the best results.

Your sense of urgency will only make sense if you see the price of bitcoin having a sharp decline and without any doubt you'll stack more fractions of bitcoin in your wallet. This is where the opportunity lies aside from DCAing, for you to maximize your future profit. Sometimes, a person would never understand how important DCA method is because it needs thorough market monitoring in order to make a purchase during a decline, whereas buying at the bottom might sound easier, but it's actually impossible to find the bottom because nobody knows it.
IMO, there is really no risks in Bitcoin no matter in what price you have entered the market as long as you keep holding onto it and resist from selling to cover losses, then you are perfectly fine. bitcoin is bound to reach the 6 digit figure.

This is on where you could really differentiate in between people who does have that actual experience and awareness on how this market moves or behaves compared into those person or people who does have

zero knowledge about it. Of course it would really be just that normal that there would really be that ups and down of this market on which it would really be just that way not too easy to deal with specially
when you are still that a noob but on the time on having that continuous dealing and engagement then you would really be making yourself gradually learn along the way. You would be able to realize
on whats the best time to buy and whats the best time to sell if you are really that going for short term but if you are really that going for long term then this wont really be
that an issue.

Holding or selling, these are both things on which you would really be thinking or minding on.Outcome and results would really differ into each other basing up on what situation
you had that been thinking on or on what you had taken.

Oasisman

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Quote from: someone703 on May 24, 2023, 06:03:17 PM

Predicting specific prices in the cryptocurrency market can be challenging, as market movements are influenced by many different factors and can be volatile. Waiting for a specific price, such as $25K, may or may not materialize. Therefore, you should apply DCA to ensure your ability to reduce risk, avoid market effects, and adjust it to match the strategic plan you outlined earlier. Consider how far you can go; don't rely on a sense of urgency or despair that may not lead to the best results.

Your sense of urgency will only make sense if you see the price of bitcoin having a sharp decline and without any doubt you'll stack more fractions of bitcoin in your wallet. This is where the opportunity lies aside from DCAing, for you to maximize your future profit. Sometimes, a person would never understand how important DCA method is because it needs thorough market monitoring in order to make a purchase during a decline, whereas buying at the bottom might sound easier, but it's actually impossible to find the bottom because nobody knows it.
IMO, there is really no risks in Bitcoin no matter in what price you have entered the market as long as you keep holding onto it and resist from selling to cover losses, then you are perfectly fine. bitcoin is bound to reach the 6 digit figure.

tygeade

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Quote from: sana54210 on May 26, 2023, 11:19:31 AM

I think picking the target is the hardest thing for most people. They all know how much richer they want to get, but they are not aware how big they could get and how much they could make, that would be the loveliest thing if we could make some profit based on knowing the direction and the prices but we do not know what. So when it goes up, we do not know how long we will hold and maybe it will stop going higher, so we may hold for too long.

Same for going down as well, maybe it will start recovering and will go higher, or maybe it will go down even more so we do not know what's going to happen. It's a funny thing that we end up with something that shouldn't be considered like this, just realize that it is going to end up with a much better result if we are more careful and ready for all directions.

Picking the target is easy if you know how to do TA, because it will tell you how much it should go up and how much it could go down, all of that is written there already, just check the charts. Doesn't mean that it will always be right, and depending on which indicator you use, it could end up being different here and there as well. So that is why it is a tough subject and definitely something to worry about as well.

Not many people could do well in this matter, some people are better than others trying to figure out what the peak of increases will be. But one thing is for certain, if the price goes up crazy, like when it went form under 10k to over 65k, that's a place nobody could predict and you just have to trust your instincts at that point.

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