Know your time to HOLD - page 7. | Bitcointalksearch.org

adzino

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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.

That's why people like you do need a solid "goal" when investing. If you have a goal, you wouldn't be needing to wait or hold your coins forever. If you think you reached your profit goal, then go ahead, take your profit and enjoy. After have taken your profit, if you think you are ready to reinvest, then go ahead and reinvest your money and make a new profit goal. Keep holding until you reach that goal. Remember, you are investing money that you don't need and can afford to lose. But as long as you keep holding and not sell anything, you aren't making any losses. Once you reach your goal again, reinvest or leave.

YUriy1991

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Everyone has the same determination to succeed in their endeavors, especially trading on the money market. There are also losses, of course, but not all. the dominant ones who have that feeling are those who invest in a pattern while getting in with a few BTC and exiting quickly. sometimes it works sometimes the estimated value can go down. For BTC, I don't have the slightest doubt that the investment return pattern must adopt a typical investor. new long term sweet fruit and will not disappear and time to HOLD.

salad daging

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Quote from: btc78 on May 25, 2023, 07:53:04 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.

sana54210

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Quote from: Doan9269 on May 25, 2023, 11:54:53 AM

Quote from: someone703 on May 24, 2023, 05:03:17 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.

Since holding a digital currency like bitcoin Which is volatile takes more caution involved while speculating on the price movement and other indications for this, one may not accurately predict the trend but can have an idea on where it's going to and he direction or pattern for it flow or move, almost everyone holding have a specific target tgat they will continue with their holding unless there's an indication for more bearish move whereby they will need to sell, which means once we are already on the dip, it's a good time to hodl because we will have same opportunity soon for the rise.

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.

Semar Mesem

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Yes, that's right, I think the most important thing as a bitcoin investor is to know when to hold, many people are too optimistic so they continue to hold even though they have a profit of 100% or more, I think the best thing when the price is skyrocketing is to sell because the price will go down and we have the opportunity to buy at a price cheap ones.

btc78

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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.

Rasa nanas

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Quote from: someone703 on May 24, 2023, 05:03:17 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.

if for long term investment there is no need to use such complicated theory, waiting for the price to drop to $25k is also risky because maybe the price will not drop to $25k and can make you lose the best momentum to buy. bitcoin has bottomed out around $17k and now the market is starting to recover and besides that we are also getting closer to the halving, I think after this we will see the price move slowly up.

lizarder

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Quote from: naira on May 21, 2023, 11:03:49 AM

Actually there is no need to regret when bitcoin doesn't touch the price we want, because of course we already know bitcoin price movements are unpredictable, in other words our predictions cannot be 100% correct. So from here we need to realize that we have to adopt a strategy that doesn't leave us behind, as you said, the DCA strategy can be a solution to that uncertainty. With DCA we can buy bitcoin at a price close to our predictions, even though it turns out that in the end the decline is more than what we expected we can continue buying with the money we have prepared.

Not always our expectations can go as we wish because we talk about price fluctuations and there is always uncertainty regarding the correct prediction of bitcoin price movements, but if you refer to the title of the post in OP "Know your time to HOLD" it will refer to how confident you are to hold bitcoin and should not have to worry about price expectations that do not match predictions. Talking about your trust is the one that will make decisions and bitcoin will never make us lose when the investment is carried out according to the right pattern.

DCA is one of the approaches that people can take to collect bitcoins, although sometimes it is not always at the purchase price we predict. But the essence of investing in fluctuating assets is not at what price you buy, but at what price you sell to make a profit. Take a number of patterns that we can follow and don't get your hopes up on predictive expectations, because bitcoin can be bought in conditions beyond predictions and we are HolDing enough to get the desired profit.

Doan9269

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Quote from: someone703 on May 24, 2023, 05:03:17 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.

Since holding a digital currency like bitcoin Which is volatile takes more caution involved while speculating on the price movement and other indications for this, one may not accurately predict the trend but can have an idea on where it's going to and he direction or pattern for it flow or move, almost everyone holding have a specific target tgat they will continue with their holding unless there's an indication for more bearish move whereby they will need to sell, which means once we are already on the dip, it's a good time to hodl because we will have same opportunity soon for the rise.

doomloop

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Quote from: Ojima-ojo on May 22, 2023, 03:40:23 PM

Quote from: kesmex on May 22, 2023, 07:54:01 AM

holding Bitcoin in 2023 is very frustrating for us because it is a dump and prices always fall,
but this is a good opportunity for those who have capital because HOLD for the long term is very good.

This is the truth, 2022-2023 have not really been a favourable year for most bitcoin holders who bought at the previous all high prices, but for those who have been waiting for the price to drop so that they can buy at a discount price.

So this is the best time to buy more bitcoin at a discount price but for those short-term investors who are waiting for the price to rise above its present price to sell are finding this year and time as the most discouraging year for them.

Those who bought Bitcoin above $30k before the bear market that we were in in 2022 are probably still waiting for the price to go across that range but it is not yet time for that. The current price is pretty good for those who bought in the bear market when the price hit $16k, but most buyers from that range are surely looking for a better price.

Bitcoin did pretty well at the beginning of 2023, and then it suddenly stopped appreciating and became stable and declining, bears were probably not done yet and they wanted some more accumulation before the bull market.

Davian144

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Quote from: someone703 on May 24, 2023, 05:03:17 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.

As long as the implementation of DCA is safe enough for every buyer who still wants to continue buying in current market conditions, I think it's still a good thing to do because DCA occurs according to one's ability to buy. And I also agree more that this is done based on a strategic plan after having some more mature considerations and not because of an attitude of urgency which is completely unprofitable, moreover everyone needs to have more patience when expecting something in a market that is basically difficult to predict.

Quote from: YUriy1991 on May 25, 2023, 04:24:11 AM

True, one of the good options too if used. Today BTC still failed to move back above the Point of Control, indicating a lack of bullish momentum. sellers or individuals are still pessimistic in the market and the direction is towards a shift in market sentiment which leads to a bearish trend again and the strategic possibility is that it is better to wait at 24-25k to buy Bitcoin again.

If you only want to buy at the price you say, I don't think it would be wrong if some people buy it at $26K because that price is not too high and also very close to $25K. But apart from all that, in terms of Bitcoin I'm still quite optimistic that Bitcoin will return to a price of $30K again this year even though from the current market conditions it is difficult to increase the price of Bitcoin, but price recovery is still very possible for Bitcoin in the next month if there is no selling panic that occurs at the end of this month.

YUriy1991

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Quote from: someone703 on May 24, 2023, 05:03:17 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.

True, one of the good options too if used. Today BTC still failed to move back above the Point of Control, indicating a lack of bullish momentum. sellers or individuals are still pessimistic in the market and the direction is towards a shift in market sentiment which leads to a bearish trend again and the strategic possibility is that it is better to wait at 24-25k to buy Bitcoin again.

EarnOnVictor

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Quote from: Ever-young on May 24, 2023, 06:29:37 PM

Quote from: Dr.Bitcoin_Strange on May 24, 2023, 06:22:20 PM

Quote from: Nwada001 on May 24, 2023, 04:37:41 PM

That's why most people's choice of investment has always been Bitcoin because it has a higher possibility of not completely liquidating your assets.

Mate, I can say that there are so many centralized crypto platforms, in the past, there were few DEX Altcoins. But, If you look carefully now, out of 100% of Altcoins Lounched every month, only 5 or even 1% may have a good intention to stay quiet for a long time, but the rest may just have some shady plans, and even if you take a look at all the current Altcoins projects that got listed this year, none are completely decentralized, and with that being said, I think they can do some little mess up and they will just disappear into the air and investors' funds are gone.

With those recent routines in the altcoins project, do you think there are even altcoins out there worthy of holding for the long term? You can really get any Therefore, anyone risking to invest in altcoins should always monitor the price prior to when it may get pumped in order not to miss out. So for Bitcoin which is completely decentralized, ofcuse people will want to invest into it.

I still actually don't get your point in full, if you are opposing or supporting the above statement, because you both seems to be on the same page.

Altcoins investment is actually not safe for long term, unless you choose coins like eth, BNB, TRX, Ada, LTC which we still can't possibly see their future as well anything can actually happen and we won't know what their future can turn out to be.

Bitcoin might be the pioneer but it's so certain that it will not be the last man standing when many alts would be less valuable in the future. And I love the alts you've called out, although many more than those would continue to exist as they have good prospects and mechanisms operating their network and they will always have their times of dump and pump, while the long-term keeping might emass wealth indeed.

In everything we do, a good plan on how to diversify our portfolio will always be a top agenda if we do not want to miss out. No one actually knows tomorrow, we are only speculating, so investing in Bitcoin and adding some alts to it might not be a bad idea.

Ever-young

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Quote from: Dr.Bitcoin_Strange on May 24, 2023, 06:22:20 PM

Quote from: Nwada001 on May 24, 2023, 04:37:41 PM

That's why most people's choice of investment has always been Bitcoin because it has a higher possibility of not completely liquidating your assets.

Mate, I can say that there are so many centralized crypto platforms, in the past, there were few DEX Altcoins. But, If you look carefully now, out of 100% of Altcoins Lounched every month, only 5 or even 1% may have a good intention to stay quiet for a long time, but the rest may just have some shady plans, and even if you take a look at all the current Altcoins projects that got listed this year, none are completely decentralized, and with that being said, I think they can do some little mess up and they will just disappear into the air and investors' funds are gone.

With those recent routines in the altcoins project, do you think there are even altcoins out there worthy of holding for the long term? You can really get any Therefore, anyone risking to invest in altcoins should always monitor the price prior to when it may get pumped in order not to miss out. So for Bitcoin which is completely decentralized, ofcuse people will want to invest into it.

I still actually don't get your point in full, if you are opposing or supporting the above statement, because you both seems to be on the same page.

Altcoins investment is actually not safe for long term, unless you choose coins like eth, BNB, TRX, Ada, LTC which we still can't possibly see their future as well anything can actually happen and we won't know what their future can turn out to be.

Dr.Bitcoin_Strange

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Quote from: Nwada001 on May 24, 2023, 04:37:41 PM

That's why most people's choice of investment has always been Bitcoin because it has a higher possibility of not completely liquidating your assets.

Mate, I can say that there are so many centralized crypto platforms, in the past, there were few DEX Altcoins. But, If you look carefully now, out of 100% of Altcoins Lounched every month, only 5 or even 1% may have a good intention to stay quiet for a long time, but the rest may just have some shady plans, and even if you take a look at all the current Altcoins projects that got listed this year, none are completely decentralized, and with that being said, I think they can do some little mess up and they will just disappear into the air and investors' funds are gone.

With those recent routines in the altcoins project, do you think there are even altcoins out there worthy of holding for the long term? You can really get any Therefore, anyone risking to invest in altcoins should always monitor the price prior to when it may get pumped in order not to miss out. So for Bitcoin which is completely decentralized, ofcuse people will want to invest into it.

someone703

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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.

Nwada001

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Quote from: naikturun on May 24, 2023, 09:10:35 AM

Long-term holding of Bitcoin or other cryptocurrencies is often considered a more conservative and potentially profitable approach, as it allows investors to benefit from potential long-term growth and the overall upward trajectory of the market. However, it's important to note that even long-term holding carries risks, as the cryptocurrency market can experience significant fluctuations.

Not all coins are worth holding for the long term. When we want to choose coins that we plan to hold for the long term, we should consider our choices carefully. That's why most people's choice of investment has always been Bitcoin because it has a higher possibility of not completely liquidating your assets. What I mean is that investing in and holding most altcoins that might look promising and worth holding to the eyes can actually turn out to be wasteful holdings at the end of the holding period, as a result of the coin losing value and sometimes getting delisted on exchanges where they are actually trading. So to me, aside from Bitcoin, we should think carefully about the kind of coins we want to add to our portfolio.

Velemir Sava

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If i am seen, Your determination to make money is evident, but you also recognize the need to balance between determination and desperation because Impatience is growing because the price has not yet reached your desired threshold of $25,000. You've turned on the July 1st time light, willing to buy Bitcoin at any price.

Yes. Holding Bitcoin for years is generally seen as a profitable long-term investment strategy. While short-term fluctuations can be discouraging, many believe the potential gains outweigh the risks.

naikturun

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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

Long-term holding of Bitcoin or other cryptocurrencies is often considered a more conservative and potentially profitable approach, as it allows investors to benefit from potential long-term growth and the overall upward trajectory of the market. However, it's important to note that even long-term holding carries risks, as the cryptocurrency market can experience significant fluctuations.

Dr.Bitcoin_Strange

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

Bitcoin HODLing for years can not be a lost affair

You said it all, @call_me_guru. If you know you are going to hold your Bitcoin for a long time, then you can use dollar cost averaging (DCA), as you have always received suggestions about it from other members.

Although June first is right on the Conner, and Bitcoin is likely or maybe unlikely to pump, you can't predict the market, so perhaps if you see Bitcoin trading for $35k or $40k in the months of June, you can basically buy that day based on the decision you have taken, but you will blame yourself for not buying earlier when the price was still below $30k. Although it doesn't really matter since you will be holding for a long time, how long will you hold if you buy at a high rate? Remember that the next halving is in 2028 after the , so you will need to hold your Bitcoin until you have made the desired profit you expect to make.

I am not saying that to trigger the fear of missing out in you, but I am just making my own speculations as well. You can decide to buy gradually with DCA until you first buy at the price you see and based on what you want.

Topic: Know your time to HOLD - page 7. (Read 1924 times)