We never know the top, I think we realized at some point that BTC can go into six figures and thats incredible previously impossible and now people want to get to that point. The market always gets over hyped and over extended, invariably people without money borrow to buy BTC (or housing or anything that rises alot) and then the ladder upwards becomes too thin and prone to reset in failure from that leverage.
What the OP is saying we need not fear FIAT ever rising in value, rates of interest wont rise beyond inflation and so there is no point to being negative on BTC. I love the optimism but one key thing is there is no free money its an illusion.
Inflation represents failure, somehow inflation can lead to failure with deflationary effects of failed firms, lower wages vs inflation etc. and it will never be a smooth easy path. To me that means BTC must suffer reset at times, I need dollars to pay bills and if there is losses then that liquidity is more required to pay bills. I hope you get what I mean that scarcity to cash can develop, this will force BTC to sell off sometimes.
Topic: No BTC Holding is risky - page 2. (Read 1027 times)
The term "cryptocurrency investments" is tricky because while I agree that the price and worth of bitcoins will only increase in the future, I am not so sure about other cryptos including Ethereum because there are better alternatives coming out daily and there are those transaction fees and congestion problem on the Ethereum network. Every coin has some issues like XRP had problems with SEC and not sure if any progress was made to solve them.
I guess BTC holdings are going to get you positive results no matter what but the same can't be said for every other cryptocurrency. If anyone is looking to invest in the future value of crypto, please go for Bitcoin.
Better alternatives doesn't mean that it will have to pass ethereum neither. I mean look at bitcoin, do you really think that bitcoin is the best currency? It is obviously not and yet it is by far the first one and all the other ones are lower. Which is why I believe that we should not be focusing on the "best" and alternatives and think that rankings are the same thing, because they are not the same thing at all.I guess BTC holdings are going to get you positive results no matter what but the same can't be said for every other cryptocurrency. If anyone is looking to invest in the future value of crypto, please go for Bitcoin.
Ethereum is there because of how people prefer ethereum over other coins, not because it is the best blockchain or it is the best at what they are doing, of course there are other alternatives that are better even right now, let alone in the future but none of that gets closer because people still prefer ethereum and this causes ethereum to stay at the second rank. I believe the same will happen in the future as well until ethereum itself does something to drop.
I have sold my BTC earlier @$31k-$35k range long ago. I have invested in altcoin then and made some great profits although I had to lose 50% at the end. Now, I own almost no cryptocurrency other than USDT and a few trash coins.
wait long ago means? but bitcoin crosses that amount of 31-35k just this year actually January so thats 7 months ago not that long i guess.Quote
Yesterday, I was scrolling newsfeed on twitter and got someone tweeted like this, "No BTC holding is risky.' This is somewhat true when I thought it deeply. Now, I got the same feeling. It’s risky to not own any bitcoin. Fiat is getting devalued all the time.
Exactly what we must learn and believe .Bitcoin is the safest and the most positive coins of all meaning that we can trust this if we are willing to Hold longer.
and if we don't want to Hold then that is how Altcoin can enter the system.
I have sold my BTC earlier @$31k-$35k range long ago. I have invested in altcoin then and made some great profits although I had to lose 50% at the end. Now, I own almost no cryptocurrency other than USDT and a few trash coins.
Yesterday, I was scrolling newsfeed on twitter and got someone tweeted like this, "No BTC holding is risky.' This is somewhat true when I thought it deeply. Now, I got the same feeling. It’s risky to not own any bitcoin. Fiat is getting devalued all the time.
so far bitcoin holders are still the winners except for those who bought when the bitcoin price peaked a few months ago but the potential for high returns is very large if they are able to be patient for a longer time no one doubts even a lot of profits will be obtained.Yesterday, I was scrolling newsfeed on twitter and got someone tweeted like this, "No BTC holding is risky.' This is somewhat true when I thought it deeply. Now, I got the same feeling. It’s risky to not own any bitcoin. Fiat is getting devalued all the time.
Yep, bitcoin should be considered to be an entirely separate asset class in my opinion.
You'd be pretty stupid to park your wealth in fiat alone, given the fact that it is guaranteed to depreciate over time.
Decentralised crypto projects that have recently sprung up are better, but none of them have the recognition/stability that BTC offers. I truly think that we're very close to seeing BTC as a global reserve currency that is an integral part of any portfolio.
You'd be pretty stupid to park your wealth in fiat alone, given the fact that it is guaranteed to depreciate over time.
Decentralised crypto projects that have recently sprung up are better, but none of them have the recognition/stability that BTC offers. I truly think that we're very close to seeing BTC as a global reserve currency that is an integral part of any portfolio.
You have taken the wrong step, even though bitcoin is in a good trend at the moment in the market, this shows that there is no risk of holding bitcoin all the time, although in general you have not suffered big losses, but I think you have wasted a good opportunity at this time .
Altcoins also don't matter if we invest, even more perfect if we can also use bitcoin simultaneously in investing with altcoins, if one of them is problematic, then there are other coins that can provide good returns, that's why bitcoin and altcoins need to be invested simultaneously .
You should never sell bitcoin and always think to accumulate them. The future is of bitcoins and i believe that those who do not have bitcoin will be left behind.Altcoins also don't matter if we invest, even more perfect if we can also use bitcoin simultaneously in investing with altcoins, if one of them is problematic, then there are other coins that can provide good returns, that's why bitcoin and altcoins need to be invested simultaneously .
You can trade or sell your altcoins but always keep on holding bitcoins.
Indeed, an effective way to make profit in the crypto world is to take profit if there is an opportunity. Because maybe we will miss the opportunity
to make a profit if we continue to hold the coins we have. But this is only for people who do have time to monitor the market every day, so they
know what is happening in the market. For people who are busy and only have time maybe once a week to pay attention to Bitcoin price
developments, there is no harm in focusing on holding Bitcoin in the long term and only selling when the desired target is reached.
In the end it depends on the situation and everyone's strategy, because investing in Bitcoin is very flexible, do what we think is effective.
snipped~
You have taken the wrong step, even though bitcoin is in a good trend at the moment in the market, this shows that there is no risk of holding bitcoin all the time, although in general you have not suffered big losses, but I think you have wasted a good opportunity at this time .
Altcoins also don't matter if we invest, even more perfect if we can also use bitcoin simultaneously in investing with altcoins, if one of them is problematic, then there are other coins that can provide good returns, that's why bitcoin and altcoins need to be invested simultaneously .
You should never sell bitcoin and always think to accumulate them. The future is of bitcoins and i believe that those who do not have bitcoin will be left behind.
You can trade or sell your altcoins but always keep on holding bitcoins.
You should never sell bitcoin and always think to accumulate them. The future is of bitcoins and i believe that those who do not have bitcoin will be left behind.
You can trade or sell your altcoins but always keep on holding bitcoins.
What is your target price for Bitcoin, i bet you wont be holding the coins for decades, but there should be a target for you and i would like to hear that valuation.Bitcoin is all about making transaction and that is what it is intended by Satoshi and not to hoard them, if so it will defeat the purpose of the creation.You can trade or sell your altcoins but always keep on holding bitcoins.
When we talk about the risk factor, it all depends upon the entry, you cannot enter when the coin is rallying and expect to make a huge profit in a short period of time.
There is risk everywhere in every asset, the main problem people might overlook is liquidity. If you have the value to spare over an extended period of time then BTC is a reasonable hold but I wouldnt say its without risk. Invariably we will get sell offs because of cash calls where the market tightens but the main thing of note right now is exceptional easing by the Federal reserve gives us very weak currency and BTC is not likely to go down during this. When times are rough, things will not be quite as assured yet I think currency has no return on its value lost now and future imo.
The problem with people is they overlook to much on their profit and not take out while the price is at the top and got dismay when the dump cames then continue to hold then turns out they lose since the price decrease to much when the dump backed with fuds. That's why we need to learn on how to exit if we are investing on cryptocurrency since the price movements is fast changing that's why we need to have a fast action towards making decisions on taking out our profits as well entering again on the market.
Every part of Bitcoin investment has its own risk even when holding, the statement of 'no BTC holding is risky' can only work for investments that join early before ATH price and also well experiences investment.
Nevertheless, we still don't know what will happen to the Bitcoin market in the future cause tomorrow is not promised.
Nevertheless, we still don't know what will happen to the Bitcoin market in the future cause tomorrow is not promised.
There is risk everywhere in every asset, the main problem people might overlook is liquidity. If you have the value to spare over an extended period of time then BTC is a reasonable hold but I wouldnt say its without risk. Invariably we will get sell offs because of cash calls where the market tightens but the main thing of note right now is exceptional easing by the Federal reserve gives us very weak currency and BTC is not likely to go down during this. When times are rough, things will not be quite as assured yet I think currency has no return on its value lost now and future imo.
I have sold my BTC earlier @$31k-$35k range long ago. I have invested in altcoin then and made some great profits although I had to lose 50% at the end. Now, I own almost no cryptocurrency other than USDT and a few trash coins.
Yesterday, I was scrolling newsfeed on twitter and got someone tweeted like this, "No BTC holding is risky.' This is somewhat true when I thought it deeply. Now, I got the same feeling. It’s risky to not own any bitcoin. Fiat is getting devalued all the time.
Yesterday, I was scrolling newsfeed on twitter and got someone tweeted like this, "No BTC holding is risky.' This is somewhat true when I thought it deeply. Now, I got the same feeling. It’s risky to not own any bitcoin. Fiat is getting devalued all the time.
Yet many people are still dumping their shares, whatever situation whether a bull trend or bear trend, don't dump all your Bitcoin it should be your main coin in your portfolio there's a temptation to buy new coins because of the too many shills and FOMO in the market you will end up regretting your decision, Bitcoin will always the best coin to invest, the market have proven that.
Bitcoin is that the best currency for holding the longer term of bitcoin is far better those that sold at panic are now frustrated because the worth of bitcoin has multiplied albeit the market sinks for bitcoin investment one should wait reading BTC means it'll be corrected anew. Traders who take risks are more successful that way the worth of bitcoin rising will exceed 50k.
The main advantage of long-term investing in cryptocurrency investments is maximizing profits, and minimizing losses. So, HODL is a wise strategy to apply when investors feel FOMO, FUD, and various other potentially detrimental emotions.
The term "cryptocurrency investments" is tricky because while I agree that the price and worth of bitcoins will only increase in the future, I am not so sure about other cryptos including Ethereum because there are better alternatives coming out daily and there are those transaction fees and congestion problem on the Ethereum network. Every coin has some issues like XRP had problems with SEC and not sure if any progress was made to solve them.I guess BTC holdings are going to get you positive results no matter what but the same can't be said for every other cryptocurrency. If anyone is looking to invest in the future value of crypto, please go for Bitcoin.
I have sold my BTC earlier @$31k-$35k range long ago. I have invested in altcoin then and made some great profits although I had to lose 50% at the end. Now, I own almost no cryptocurrency other than USDT and a few trash coins.
Yesterday, I was scrolling newsfeed on twitter and got someone tweeted like this, "No BTC holding is risky.' This is somewhat true when I thought it deeply. Now, I got the same feeling. It’s risky to not own any bitcoin. Fiat is getting devalued all the time.
Yesterday, I was scrolling newsfeed on twitter and got someone tweeted like this, "No BTC holding is risky.' This is somewhat true when I thought it deeply. Now, I got the same feeling. It’s risky to not own any bitcoin. Fiat is getting devalued all the time.
What that person said is very true, there is no risk of holding bitcoins, actually everyone wants bitcoins to be bought and sold when the price is good and high, I think you are too worried about what you are holding, so made this decision to let go of bitcoins at the right time. which is not correct.
The decision to take altcoins in investing is actually not wrong, it's better if you also invest with bitcoin, but you waste a good opportunity to sell bitcoin in conditions that are not profitable for you. Hopefully this will be an important lesson for you in the future.
Its poles apart I would say as for some holding is the key. Just lets take recent example when btc was falling not many were buying and thought it would fall further but now btc is at 50k+ and how many are ready to buy now at 50k. It will seems it has rose much and will wait for dip and which may not happen. So eventually those who had actually continued to hold have gained here and may also continue to make money if btc kept on rising.
Yesterday, I was scrolling newsfeed on twitter and got someone tweeted like this, "No BTC holding is risky.' This is somewhat true when I thought it deeply. Now, I got the same feeling. It’s risky to not own any bitcoin. Fiat is getting devalued all the time.
For over a decade bitcoin is existing, we witness how the price grow from just few cents until it reached the last ath and realized how worthy this crypto is.Indeed investing in bitcoin is a wise move, especially if you happen to invest during the time the value is cheaper compared now. Holding is profitable but there are times we need to take profit for our financial needs and this is one of the reason why I cant hold without taking profit at times. Anyway what more important to me is I still hold a portion of bitcoin in my wallet that I can live without.
The price movements in the market do sometimes look confusing or make many people awkward in holding, basically the stronger we hold on the bigger the profit we get, but some other influences may be a problem to weaken the commitment to hold. Another thing may be because of the amount of investment, if it is small... it feels like it will be easily swayed in holding because some things related to the necessities of life that can't be denied till have to be cashed in, here it is important that investing must be in the right amount to get results satisfactory.
I have sold my BTC earlier @$31k-$35k range long ago. I have invested in altcoin then and made some great profits although I had to lose 50% at the end. Now, I own almost no cryptocurrency other than USDT and a few trash coins.
Yesterday, I was scrolling newsfeed on twitter and got someone tweeted like this, "No BTC holding is risky.' This is somewhat true when I thought it deeply. Now, I got the same feeling. It’s risky to not own any bitcoin. Fiat is getting devalued all the time.
Yesterday, I was scrolling newsfeed on twitter and got someone tweeted like this, "No BTC holding is risky.' This is somewhat true when I thought it deeply. Now, I got the same feeling. It’s risky to not own any bitcoin. Fiat is getting devalued all the time.
It's a fact, we should for longer to get profit. For example 60 days as a targets from the investment date. In one day, you get profit before the value of 60 days. Holding will sure earn us a profit. Don't sell with minimum profit, when you inverse the value of 1000$. Don't sell with the profit of 10$.Atleast wait for the profit of 100$ from the 1000 dollars investments.
Exactly, in investing of course we must have a target time, I think 60 days is too short to get a profit, usually I target about 6 months, and in fact as long as we can be patient then we will get a profit.
sudden change of decision is a must for you to take advantage since this market could be profitable on doing buy low and sell high thing but it isnt simple as it sounds.Its actually on someones preference on how they
would handle out their finances or investment because we do have different perceptions or takings into something.So its a personal choice but at least you do know the risk and the possible opportunities.
The main advantage of long-term investing in cryptocurrency investments is maximizing profits, and minimizing losses. So, HODL is a wise strategy to apply when investors feel FOMO, FUD, and various other potentially detrimental emotions.
Jump to: