Topic: Know your time to HOLD - page 8. (Read 1866 times)

No that's not a sign of a bull market, it's a sign that more corrections might happen, Bitcoin was trading above $30,000 just some weeks ago and now it's trading at $27,000. If we break the $25,000 support, the price of Bitcoin would fall and take us close to $20,000 or lower.

If you have be holding since the start of the bear market then you should continue holding as you wouldn't make any profit selling now instead you will make losses. Bitcoin will trade high in the future so we have to be  accumulating now that the price is low.

If you bought the last dip and you're planning on taking profits, you can do that when the price of bitcoin is at $27,000 and want to reenter the market when the price of Bitcoin is trading at $25,000.

It sounds pretty harsh, but you are right because the market is the battlefield, and the weaker will be the loser. This is the rule of any financial playground, if you pity others, it means you choose the loss for yourself and give the victory to others. And that's also the way whales have used for years to profit from us, they make us frustrated and impatient, and make bad decisions that cost us, but very beneficial to them. I have no advice for OP because it's a fight, if he is not well prepared and greedy, he will pay the price.

before investing best to find your strategy , remember that never come to war without complete gear and Guns and Ammo because you will surely kill in action without any safeties.
this volatile market is a fool killer so never be a fool investors or traders.
we have seen so much drama from those newly enters here but knows nothing and the ending? they are losers.
I always have target , from my buying point and my selling point , this is how I managed to win over the years , and also I am not greedy as I only looking for small but at least safe position .

When someone moves into Bitcoin investment with the aim to make money quickly, it will end up disappointing the person because that person doesn't understand its mechanism surrounding it. That is what has happened to you. You started investing in bitcoin with Fomo without investing in what you can afford to lose. You thought that Bitcoin is a get-rich scheme, which is not supposed to be so.

You sound too desperate with your Bitcoin investments if am to say. Try and have a lesser expectation of its price, like if you didn't invest in it at a particular time, that will not be the end of its price increase and decrease.

That's the difference between an investor with a clear strategy and plan versus an unprepared investor who just wants to get rich quickly. Honestly, 2022 and this year have been great, and I wish it had even lasted longer than people expected. An early rise in bitcoin prices won't do you any good if you don't have a lot of bitcoins, while if the bear season lasts, you'll have plenty of time to buy bitcoin at an affordable price.

If they get discouraged, that's our chance, when the market is scared that's when we're greedy. I would be happy if someone sold their bitcoin at a highly discounted price.

You should first know whether you are a long-term investor or a short-term investor. So that's not what you're saying, imagine entering this industry without even knowing what you're investing in.
If you have done research on bitcoin first, for sure you will not feel impatience or impatience, for sure you have an idea that the value of Bitcoin is volatile and this is where you know that the answer to your complaints and grievances that you feel should be answered. too.

25k target should be not fixed like its an unmoving signpost for direction.   Remember we are talking dollars in the price, its crypto but also FIAT value is mixed into that price so its a jugglers dilemma nothing is fixed here its all actively changing everyday.   The Dollar has no fixed value, its greatly in demand perhaps but everyday for some time now its lost value and so prices cant be considered to be absolute not accurate especially over years and recently inflation has been double figures so up your expectation to volatility, to the flow rate of alterations of all kinds of price even in crypto.

Those are just paper loss as long you dont close up your position then its not really considered to be a total lost. It would really be just requiring that kind of emotion control of course and discipline whether you would really be sticking into your target or goal. If you do accumulate cheaper coins for long term runs then this is indeed the best time.We might not able to see 20k+ price as we are already heading on next years bull run
or halving event which you would really be leaving yourself again with the train. Always bare up on your mind that the best time to buy is on where people is really on extreme fear or being doubtful.
When bull kicks in then this is where fomo would happen once again and would be starting to regret that they should have bag more on the time that it was still cheap.
Dont let yourself to be those people who do miss out lots of opportunities to make profits when the time comes.

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.

That is why they said invest in what you can afford to lose, you can invest any time, you can buy any time, but the secret is, be a great holder and patience, even this present price is good to invest, because the price will rise again, and the DCA pattern strategies, that is good to apply,  this is directly, is to hold for long and DCA till the next bull run. when the price of bitcoin drops,it is a good time to increase DCA buying and return to normal when the price is out of limit or start to recovery and the long term holder enjoy. Investing is a job, and like any job, it requires practice, skill development, and constant training.

holding Bitcoin in 2023 is really 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.

It's not possible to get a perfect time for buying, the current price is pretty good but it can get better, so the best possible way is to do DCA so that you don't need to regret it later if the price drops further. If you are doing DCA, you will always have some funds remaining to buy if the price drops more from where you've bought previously.

Even if the price doesn't fall from when you bought it, you will still not be in a bad situation since you will have bought some already when the price was better. Remember, never do upward DCA which means you shouldn't buy when the price is going up.

I think the best strategy when looking at dump prices is to be patient and hold, if we can hold for at least 4 years then the opportunity to get big profits can occur, because the bitcoin trend is usually rising or skyrocketing in price every 4 years.

I think that kind of thing is not a mistake, because from what you say it only leads to someone's patience in holding and also in waiting for the price he wants. This means that everyone can benefit after buying at the price they want and then holding it until the price he has targeted is reached, if the price he wants has not been reached, that's when he must be patient in holding it until the next price increase occurs in the market.

But for every investor who likes to invest in Bitcoin, I think they all have a greater level of patience because most of them always make their investments in the long term and it won't be a problem for them if they have to wait a long time for a the price they want on their investment.

I agree with you OP, because the more you hold your Bitcoin the more you know that you don't need to miss your opportunity when the price increase higher to the level when you sell you can get double income at the moment from your investment. Based on some of the potential results holders got from long years holding has made many holders to apply such strategy in this season, so that they will be able to achieve something good before the end of this year. I think, this is the time to hold your Bitcoin, because the price is still moving between $26,000 and $27,000 which is a sign that bullish season is very close to investors to smile again.

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.

Some been telling that it would be better not to look into the market or simply with those charts if you are someone who really going for long term on which you would really be that possibly be affected with those market

movement which might cause for you to alter out your goals or targets which you should be holding for too long.Its true that price movement wouldnt really be an issue if you are really that serious on sticking into your goal. This market would really be involving with lots of ups and downs on which each one of us does have their own takings or approach on how to deal up with this volatility. Holding level would really be
depending on someone because not all would really be that emotionally stabled on sticking on their plans along the way.

Always set that buying and selling point and this is something that you should really be doing as an investor. It can be altered though according into your likes and preference.

That's what I kept telling people for years. The time to buy is always good, but it can be better. It a;; depends on how long you can wait.
If you buy bitcoin at ATH, you may have to wait 4-5 years for profit, but if you do it at an average price, maybe 40% of ATH, you shouldn't have to wait more than 2 years for an opportunity to either exit with small profit, or at least without a loss.
If you have at least 5 years in mind, you can buy at any moment. I'm sure within that time bitcoin is going to experience a bull market.
I've held for 8 years and it gets easier with every passing year.

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.

Waiting for a deeper decline will miss the opportunity for the OP to buy as the price is again showing a gradual recovery although a small correction is still taking place in the market now and going forward. One way he can do it is like the suggestion you gave by using DCA and if there is indeed a decline for the next month, he can take the second option by making large purchases according to his wishes and the targets he expects.

Doubt will only prevent OP from buying because he is too worried about waiting for the right conditions to buy, even though under any circumstances he can adjust to the DCA pattern and doesn't have to wait for such a sharp decline to buy. If there are too many considerations in the decision then unfortunately he will not have a chance to see the halving in the next period and lose the opportunity to make a big profit in the next ATH.

What are you worried about when you implement long-term investment in bitcoin, do you know how bitcoin can survive in chaotic economic conditions when Covid-19 takes place and what happens in the following year that bitcoin reaches its highest price. You don't need to understand market conditions for long-term investment, buy and hold bitcoin it will bring you big profits. Cases of loss to investment in bitcoin because it acts on panic and the simple formula is enough to be calm and hold on to the bitcoin that you have, there is no loss to investing in bitcoin if you have made the right investment.

For me when we apply bitcoin investment in the long term you can buy bitcoin at any price like now, because what you have to understand is the long term concept of not being active in trading but waiting for the next ATH. That is why bitcoin is considered the best investment for the long term, besides being able to maintain the value of bitcoin it is also able to provide a sense of security for the assets that you store in the long term.