Topic: Playing crypto for many years without holding Bitcoin. (Read 750 times)

     If there is someone else here who has been in the bitcoin industry for a long time and yet he doesn't save bitcoins instead of other cryptocurrencies, this is his priority because he sees it as a bigger benefit. I think so, and I don't see anything wrong with that.

     Because here in the field of crypto space, we can see many opportunities, not only in bitcoin. Yes, most people know that Bitcoin is proven and tested, but there are also many who say that you should not put too many eggs in one basket; you should also use a different basket.

Crypto knowledge is very important to crypto users to have before going into the investment because, if you fail to have the knowledge of BTC and crypto be ready to lost in your trading because nobody will force you to trade when the market started pumping because you have to apply your knowledge to know it is time to earn from the market.

 When you are bold to take the risk on a potential altcoins in the market, you can make a good profits that will make you to see yourself as a good crypto trader which is what every trader wish to become as a trader.

Of course, everyone who buys Bitcoin really wants a profit from holding a number of Bitcoins that they have collected and after they buy it and experience a decline of course they must be able to take the opportunity to buy more if they still have the funds to buy it and don't let them sell in that condition so they experience losses due to selling at a low price and they must always analyze first before deciding to sell again whether they have made a profit from holding it or not and if it is not profitable, it would be better for them to keep holding it for a long period of time so they can make a profit.

Everyone that buys bitcoin have an intention and reason why they bought the coin, so whatever depressing does after buying it on the passing detriment, you can decide to hold or you stake. But most important thing is that everyone that buy bitcoin intention is to make money,aside from those who buy for making personal transactions.
You can decide to stake in the exchange or you hold. Whatever you decide that better for you

This is unfortunately true and many people fall for this, it should be something we talk about a lot more, holding during the bear market is something that gets talked a lot, but people who do not hold during bull period is also a problem. I get that you saw it at the bottom and you felt terrible about it, but that doesn't mean that you are going to end up with something magical just because bull started.

For example, if you are holding right now, then you should keep holding, who knows maybe even for another whole year, that would be a lot better, but there are so many people who already sold, because it went up. You will see, there will be a correction, which will be proof that a lot of people will sell earlier than they should.

This is a big mistake and we fail to understand what crypto really is, people are in this for bitcoin reasons and if they never hold bitcoin then we lose the ability to make money freely.

Trading assumptions always look at how they can generate profits and in practice, even though they are very experienced, someone will definitely be faced with losses at certain times. Then a holding appears that is much more profitable and maybe people just think about buying and holding.

There are no big wins when people buy a lot of shitcoins although we see some people say they have made big profits. It is much more difficult for someone who does not have the skills of micro and macroeconomic analysis, technical analysis, and making charts because they will face a psychological test when the shitcoin they buy is not able to provide profits and instead the price drops from the initial purchase.

Holding bitcoin is always profitable and people don't need to study too much because what is needed is calm and not panicking when the market experiences a sharp decline. Once that is passed, they will go overboard like the prices we have seen in the current few weeks.

This is like trading with demo accounts which certainly is different than trading with actual account and real money.

Because with real money, money from our pocket, our psychology will be different than trading with a demo account. We will be fearful of losing money, become panic, being greed with profit and all of these potentially trigger us to make bad decisions. In demo trading, we don't have all these factors and our decisions with demo account will be more accurately.
Awesome crypto trading.

Choose a good wallet to use
https://bitcoin.org/en/choose-your-wallet
Reminder: do not keep your money in online accounts

Analysis without investment doesn't make any meaning that is why a bitcoin lover who is keen to join investment doesn't wait for know everything including Technical analysis and whatever he may think he needs before starting their investment to me what matters is for the investor to go buy and hold. At first the important he should know is the kind of wallet he should use to hold bitcoin for long term and security level of that wallet, when people gives them the right wallet then it's left for that person to delve into the investment without waiting much more provided that the person knows about the volatility level of bitcoin the better it enables you to buy more quickly than following chart/TA before investment.

That's true.

Those that sell whenever they need to have some cash, it's their life savings as treated like their bank savings. When people say that they don't sell, I doubt it that they don't really do.

We're all selling at the right time when we think it's the satisfying moment and price that we have to. Because whether we like it or not, someone has got to sell for their own needs and wants that they want to purchase.

holding a bitcoin is good and while majority of investors hold bitcoin is because it has a reputation and it reputation is incomparable, why some of the altcoins you may choose to hold instead of bitcoin may not survive a bearish market when we experienced a long duration of bearish season, that is while is good for we to ensure we have selected a coin that have a potential especially in altcoins, not all the altcoins can gives profit depending the elongate of bearish season.

It's a good idea to stake it in exchange, but what makes people to be afraid of exchange is because it can be attacked at any point in time, and if hackers happens to penetrate through the exchange all the coins or bitcoin that stake by people is gone, its a few exchange survive to come back when they attack them, that is why many people only left a bitcoin they will exchange only in exchange and nobody who save its coins in exchange knowing that anything may happen to the exchange unexpectedly.

Systematically, bitcoin have a normal time frames for you to purchase a bitcoin, the best time to purchase a bitcoin is when the price falls above the initial value, because the price of bitcoin interchanges and it can decide to be going more up instead of falling, so basically bitcoin price can change any point in time, anyone that wants to invest in bitcoin should cross it mind and invest in bitcoin let the person should not have a specific price in mind bitcoin will fall before investing in bitcoin. Because the more you are thinking of more price the more the price is taking another dimension.

When we say take something as a pinch of it/salt, it means we shouldn't totally believe on it but what you said there is not unbelievable. Hodling is not easy and we all know the people, we are always greedy about money or earning a profit. In fact, many of us can't HODL their Bitcoin even on the beginning of the bull run, like what we are experiencing now. They can't help but to sell it earlier or before it. Other than greed, there is also doubt and fear that what if Bitcoin will not recover and rise anymore? For those who only sell whenever they need money, these people are already treating their Bitcoin's like a saving more than an investment.

You're right holding Bitcoin would be like a missed opportunity, given its track record. However, focusing solely on Bitcoin and overlooking the potential in diversifying your portfolio with other promising assets would also be a lost opportunity. I think that balance is key. Ignoring Bitcoin entirely is unwise, but so is putting all your eggs in one basket, sure you will make a profit with that approach but you could also make so much more if you're invested in others as well. I believe that wise investment involves a mix of holding solid assets like Bitcoin and exploring other opportunities cautiously.

If you would like to discuss this further, you can contact me via my Discord: https://discord.gg/dCvaBZWNcG

I agree, leaving BTCon an exchange is far too great a risk if you offset the few percent of "interest" from the deposit. There have been enough exchange hacks or similar problems in the past where customers' coins were irretrievably lost. That would be far too risky in my opinion.

You always have to keep in mind: If you deposit BTC on an exchange, they belong to the exchange and no longer to you. You only own the coins if you actually have access to the key of the wallet -> Not your keys, not your coins.

Hodling Bitcoin, alone just requires basic knowledge of how to protect your wallet from hack, keeping your seed phrase offline, somewhere safe and secured so it'll not be compromised, don't leave your coins in a centralized exchange, always keep it in a none custodial wallet, because if it's not your keys it's not your coins. And finally follow crypto news to know when it's bull or bear seasons, to know the best time to sale and make profit, not much technicalities required. It's more tasking and hard to trade cryptos, because you need to learn fundamental and technical analysis, even with the knowledge, you can still lose in trades. Also there many scam projects in the crypto space, to buy them can mean gambling your investment capital, except it's top altcoins. Investing in Bitcoin alone is what any investor that doesn't want to be too technical about the crypto space should do.

Bitcoin was never designed to be kept in an exchange or stake your bitcoin in an exchange, and it is very risky because you might end up losing your bitcoin. Transaction fee increase due to rdinals then shouldn't be an excuse for us not to keep our bitcoin in a self custody wallet. There are a lot of risk attached to leaving your bitcoin in your exchange. Don't allow the little profit that the exchange promise to give your enter your head, because they will do whatever they like with your bitcoin, and what if the exchange pull an exit scam or got hacked, you lose.

In my opinion, the new ATH is imminent and could fall as early as today. ATHs in other currencies such as the EUR or the pound sterling were already reached yesterday and we are currently only a few percentage points short of the 2021 peak.

It will be exciting after the ATH. Is this a sell-the-news event in the course of the halving or will the trend continue? In the past, Bitcoin did not take particularly long to double in value after reaching the old ATH ...

Most people don't buy Bitcoin because they don't have much money beside they want to make a big profit from crypto. Bitcoin currently takes 2-3 years to double, but meme coins may multiply by x100. People enjoy gambling.  

This topic is quite old already, I hope the OP is doing what the sister did, now that we are nearing the ATH.

For everyone who is waiting $69,420  , are you part of it? 

Those who choose not to invest in Bitcoin certainly have their own reasons and they have a good understanding of how to profit from altcoins and of course dare to take bigger risks for the easy profits they can get and also the possibility of losses if they make the choice the kind of altcoin they can't profit from.

I agree with what you say, it feels incomplete when someone has invested in crypto and has not invested in Bitcoin for various reasons and the risk of investing in Bitcoin has a lower risk compared to altcoins, collecting Bitcoin using the DCA method will indeed be very big. big. big. profitable if we can do it well, because we will be able to make a profit if the price rises and we have collected according to our abilities.

Most people don't invest in bitcoin because bitcoin is too expensive so they switch to altcoins and can look for altcoins that fit their budget, and altcoins can sometimes produce multiple profits but can also reduce losses in a short time so it's not surprising that many people interested in altcoins besides they also like Anderlain like this, that's why they don't invest in Bitcoin.

In fact, if we already know crypto completely, investing in Bitcoin is something that must be done because Bitcoin will make our finances better in the future. Even though the price of Bitcoin is expensive, we can do it using the DCA method. I'm sure those who don't invest in Bitcoin will regret it later, especially as the price of Bitcoin is currently slowly rising, perhaps in the near future it will create a new ATH.