Topic: Playing crypto for many years without holding Bitcoin. - page 2. (Read 825 times)
To be a crypto investor it is not essential to buy bitcoin. People suggest purchasing bitcoin because of its high liquidity and because it is less risky than other altcoin projects. There are people who have never bought a single bitcoin in their life and many of them have been in the industry since the early stages. There is no guilt in accepting that because, whether bitcoiners or non-bitcoiners, we are all here to make money. Crypto has become a high-risk, high-reward investment sector which is why we are seeing lots of young people in the industry.
Everyone is striving to own Bitcoin and does everything in their capacity so that they can hold Bitcoin and sell when the bull run comes on the peak or even the closest price from there.
I can't leave your sentence as it stands. Many of us, especially the old hands, have no interest in selling our Bitcoin and will certainly not do so. Bitcoin is so much more than an object of speculation that you can easily sell for a few dollars. The following article is very good and highlights the main points why Bitcoin is so important: Why Bitcoin is Not a Speculative AssetQuote
Since we are also in the trading section of the forum, it has to be said quite clearly that it makes no difference to a trader whether he trades Bitcoin, shares, gold or precious stones. The asset itself hardly plays a role, the market movements are important. However, the goal of a trader is usually to increase FIAT and not the asset he is trading.
I have myself ready to sell some and have a part that will be held for a very long time, no time span when I'll sell. I'm actually both, a trader and an investor and you're right about increasing fiat because I've got some needs to address and that's why I have plans of selling but not all that I hold.
Everyone is striving to own Bitcoin and does everything in their capacity so that they can hold Bitcoin and sell when the bull run comes on the peak or even the closest price from there.
I can't leave your sentence as it stands. Many of us, especially the old hands, have no interest in selling our Bitcoin and will certainly not do so. Bitcoin is so much more than an object of speculation that you can easily sell for a few dollars. The following article is very good and highlights the main points why Bitcoin is so important: Why Bitcoin is Not a Speculative AssetQuote
Since we are also in the trading section of the forum, it has to be said quite clearly that it makes no difference to a trader whether he trades Bitcoin, shares, gold or precious stones. The asset itself hardly plays a role, the market movements are important. However, the goal of a trader is usually to increase FIAT and not the asset he is trading.
Yeah, don't be like that guy that have been on the market for so long but didn't able to save Bitcoin.
That's one rule when you stay on the market. You should have the desire to save Bitcoin as much as you can. It doesn't require you to have that much but if you did nothing to save then what do you call yourself?
Everyone is striving to own Bitcoin and does everything in their capacity so that they can hold Bitcoin and sell when the bull run comes on the peak or even the closest price from there.
That's one rule when you stay on the market. You should have the desire to save Bitcoin as much as you can. It doesn't require you to have that much but if you did nothing to save then what do you call yourself?
Everyone is striving to own Bitcoin and does everything in their capacity so that they can hold Bitcoin and sell when the bull run comes on the peak or even the closest price from there.
I think many would like to own bitcoins, but not everyone can afford it unless they buy fractions of it. Still, I believe there are many potentially good altcoins where one can hold for the long term and make a good profit. However, on the subject, I agree with you, not everyone in crypto owns bitcoin because in my opinion the price is too high.
Honestly, the crypto world is filled with a lot of people who have made mistakes. I can even show myself as an example, I am in horrible debt right now, this month has been specially bad, I am crushing under all this weight, and the fact is that, I have been here for many many years, if I bought early on, I could have been super rich and not worry about a single thing.
So, from potential millionaire to someone who is crushed under weight of debt, it is clear that we are not going to end up with an easy blame, you have hard time blaming yourself, but that's just the reality. So all in all, I think it's easy to ask around and find many people who have a lot of regrets, that's just how the life in crypto is and will forever be like that.
In hindsight it is easy to see what would have been the best move that you could have made, but when you are going through that situation is really difficult to see the correct move and have the confidence to actually do it.So, from potential millionaire to someone who is crushed under weight of debt, it is clear that we are not going to end up with an easy blame, you have hard time blaming yourself, but that's just the reality. So all in all, I think it's easy to ask around and find many people who have a lot of regrets, that's just how the life in crypto is and will forever be like that.
And while this could put you in a difficult situation, at the same time as long as you can remain as part of this market, then at some point things will improve, even if the situation you are going through right now is far from being the best scenario possible for you.
But he doesn't hold any Bitcoin.
The sister graduates without even enrolling.
The experienced crypto guy with years of learning still hasn't graduated.
He always tells himself the familiar phrase, "Wait for the right time..."
And the sister? She doesn't talk much; she just bought 1 BTC. Let those guys' bodies lie where they fall.
Don't be like that young guy...
So, from potential millionaire to someone who is crushed under weight of debt, it is clear that we are not going to end up with an easy blame, you have hard time blaming yourself, but that's just the reality. So all in all, I think it's easy to ask around and find many people who have a lot of regrets, that's just how the life in crypto is and will forever be like that.
This analogy perfectly conveys an important lesson about the simplicity and effectiveness of the #HODL strategy in the world of cryptocurrencies. Sometimes constant analysis, complex strategies and the use of leverage can create more problems than they are worth. Adopting a simple, long-term view of investing such as "HODL" may prove more successful in the long run. It is important to find a balance between an informed approach and avoiding unnecessary complexity.
I see you made a comparison between holding the Bitcoins and using other coins to trade. The example that you have quoted here can be interpreted differently. We shouldn’t compare the both. Rather both are completely different. Holding Bitcoins cannot be considered as trading. Here you don’t make profits or losses regularly and the return of the investment is also low. But if you use other cryptocurrencies and trade frequently then you take the risk in higher terms and also make high profits regularly.
But he doesn't hold any Bitcoin.
The sister graduates without even enrolling.
The experienced crypto guy with years of learning still hasn't graduated.
He always tells himself the familiar phrase, "Wait for the right time..."
And the sister? She doesn't talk much; she just bought 1 BTC. Let those guys' bodies lie where they fall.
Don't be like that young guy...
That's a terrible thing and will only lead to regret in the long run. Watching from the sidelines without having any skin in the game is not a good idea and can be changed easily. We don't need to go and buy 1 BTC directly, owning at least some coins can already make a big difference. DCA method is the perfect tool for people that are unsure when to buy and have waited to long in the past to make an investment. You set aside a fixed amount to make purchases every month without thinking too much about the timing or the price. Over a longer period of time DCA leads to great average purchase prices and with the long term trend of bitcoins being positive, this will lead to a good profit when held long enough. So, I would recommend anybody interested in cryptos to own at least some coins. And if you speak publicly about cryptos, put your money where your mouth is. Nothing worse than speaking about potential profits we could have made, because the only person you are lying to us yourself.
...Traders will usually take quick profits instead of holding them longer, and they often regret their decision when the price of the coins they sell increases thousands of percent in the next few months. This is one of the reasons why sometimes traders are not richer than holders or investors, they cannot stop themselves from selling when the coin price rises by 5% to 10%.
I have never had such a profit, which amounts to thousands of percent. Even when I initially decide to hold a coin until the price reaches a certain level, and then I see how the price has increased by 50-100%, I usually sell such coins completely and look for a new one that can potentially also increase in price.
Playing crypto for many years without holding Bitcoin.
Like going to school for years but never graduating.
An experienced crypto player may lose to a sister who has never played before.
The sister who has never played thinks it's very simple. Just HODL #BITCOIN.
The seasoned crypto guy, overthinking.
Instead of HODLing $BTC like the sister, he buys a bunch of shitcoins, uses leverage, delves into micro and macroeconomic analysis, technical analysis, and creates charts that reach the sky.
But he doesn't hold any Bitcoin.
The sister graduates without even enrolling.
The experienced crypto guy with years of learning still hasn't graduated.
He always tells himself the familiar phrase, "Wait for the right time..."
And the sister? She doesn't talk much; she just bought 1 BTC. Let those guys' bodies lie where they fall.
Don't be like that young guy...
We do know that men are really that adventurous on which they would really be tending to touch up those things that others doesnt really want to touch. We do really love on having those challenges and alsoLike going to school for years but never graduating.
An experienced crypto player may lose to a sister who has never played before.
The sister who has never played thinks it's very simple. Just HODL #BITCOIN.
The seasoned crypto guy, overthinking.
Instead of HODLing $BTC like the sister, he buys a bunch of shitcoins, uses leverage, delves into micro and macroeconomic analysis, technical analysis, and creates charts that reach the sky.
But he doesn't hold any Bitcoin.
The sister graduates without even enrolling.
The experienced crypto guy with years of learning still hasn't graduated.
He always tells himself the familiar phrase, "Wait for the right time..."
And the sister? She doesn't talk much; she just bought 1 BTC. Let those guys' bodies lie where they fall.
Don't be like that young guy...
we do really love to explore into those possible ways or methods on which we know that we could potentially be able to make profits or money if we've been able to done it right. Yes, it isnt simple but its not impossible on which this is why some people would really be loving on touching up those grounds even they do know its risky. Some could have that allocated for some bull run or moonbags but some do really
love on getting those all in kind of behavior on which its something not shocking on why people do end up on having no holds when the bull market happens.
Its true that to those who dont care that much on which simply buy and holds for long time without bothering themselves on touching up those other things
are the ones who do really benefit the most but of course it would really be still that depending on how much that they had invested or allocate.
Instead of HODLing $BTC like the sister, he buys a bunch of shitcoins, uses leverage, delves into micro and macroeconomic analysis, technical analysis, and creates charts that reach the sky.
This looks cooler than just buying and holding it for the long term 
, I mean maybe they think that because by just holding there is nothing to show off every day, it's different if you trade every day when you win you can show it off but if the results are the opposite then don't show it off.We can see how many traders show off their results when they can profit from leverage or daily trading on the spot, but long-term hold Bitcoin will actually hide it. Almost no one knows that they have Bitcoin because the more public your assets are, the closer you are to criminal acts because you will become the target.
And the mistake traders or investors make is when they don't have Bitcoin and only focus on altcoins, because smart traders or investors only use altcoins as a way to increase their Bitcoins, not increase altcoins to make a profit.
...Instead of HODLing $BTC like the sister, he buys a bunch of shitcoins, uses leverage, delves into micro and macroeconomic analysis, technical analysis, and creates charts that reach the sky..
You have given two extremes as an example, but undoubtedly trading is much more complicated than just holding. In the end, among this multitude of shit coins, he could purchase such an altcoin, the price of which would increase by thousands of percent, and in this case his investments would be more successful than his sister.If he is a trader who usually takes profits between 5% and 10%, then he will never earn more than his investing brother. Traders will usually take quick profits instead of holding them longer, and they often regret their decision when the price of the coins they sell increases thousands of percent in the next few months. This is one of the reasons why sometimes traders are not richer than holders or investors, they cannot stop themselves from selling when the coin price rises by 5% to 10%.
This is something plenty of people do, it is not really a shocking new information. There are a lot of people who just trade bitcoin, or in general trade crypto, whichever coin they want, and they do not hold any of them for too long.
And there are also a lot of people who just hold long term, and they do not trade at all because they are long term investors. Both sides do exist, and they are living in their own corners of the world with peace, everyone is happy with the way things are going for them. I get that it may not feel all that great, but it is definitely a situation that people are fine with and I think it has to be a bit different eventually to have a bigger change, it has to be a little bit cooled down for that to happen.
And there are also a lot of people who just hold long term, and they do not trade at all because they are long term investors. Both sides do exist, and they are living in their own corners of the world with peace, everyone is happy with the way things are going for them. I get that it may not feel all that great, but it is definitely a situation that people are fine with and I think it has to be a bit different eventually to have a bigger change, it has to be a little bit cooled down for that to happen.
...Instead of HODLing $BTC like the sister, he buys a bunch of shitcoins, uses leverage, delves into micro and macroeconomic analysis, technical analysis, and creates charts that reach the sky..
You have given two extremes as an example, but undoubtedly trading is much more complicated than just holding. In the end, among this multitude of shit coins, he could purchase such an altcoin, the price of which would increase by thousands of percent, and in this case his investments would be more successful than his sister.If he is a trader who usually takes profits between 5% and 10%, then he will never earn more than his investing brother. Traders will usually take quick profits instead of holding them longer, and they often regret their decision when the price of the coins they sell increases thousands of percent in the next few months. This is one of the reasons why sometimes traders are not richer than holders or investors, they cannot stop themselves from selling when the coin price rises by 5% to 10%.
Spending day after day in crypto but not buying or trying to buy bitcoin can never be the act of a wise man. Buying a Bitcoin can be overwhelming for many people. But you can buy some amount with regular strategies. It will be long term but it will be good decision I think. Better to buy at least 0.001 amount of bitcoin with that money instead of investing in different meme coin, sheet coin.
...Instead of HODLing $BTC like the sister, he buys a bunch of shitcoins, uses leverage, delves into micro and macroeconomic analysis, technical analysis, and creates charts that reach the sky..
You have given two extremes as an example, but undoubtedly trading is much more complicated than just holding. In the end, among this multitude of shit coins, he could purchase such an altcoin, the price of which would increase by thousands of percent, and in this case his investments would be more successful than his sister.
Go to social media and you'll see bunch of crypto influencers flaunting their profits in trading and in altcoins holding.
That's good for them but many of them don't hold Bitcoin and so, they influence the other folks that are new on this space not to hold Bitcoin.
They follow the wrong crowd, the wrong folks but soon they'll get to learn it with themselves that even if they're staying for too long, the market's sentiment is always with Bitcoin.
That's good for them but many of them don't hold Bitcoin and so, they influence the other folks that are new on this space not to hold Bitcoin.
They follow the wrong crowd, the wrong folks but soon they'll get to learn it with themselves that even if they're staying for too long, the market's sentiment is always with Bitcoin.
I have been involved with crypto currency for a long time but in the beginning I was not able to use the correct coin at all. When I was new to cryptocurrency I sold my investment after investing for a small amount of profit. After buying bitcoins if price dumped a bit then I sold again bought again sold at some profit but initially I failed to hold bitcoins. Gradually my knowledge about different coins increased a bit and my idea about investing started to change a bit and since then I tried to think deeply about investing. After reading for a long time I thought deeply about my investments and holding bitcoin deeply but after holding deeply I realized I should have done this long ago. If I had made a long-term investment plan when I got involved with cryptocurrencies, I might not have regretted the past.
At least you realized your mistake and you have changed your ways since then, but this is not very common, once a person believes in something it takes a massive amount of effort for them to change their minds.In consequence those people keep trying to prove they were right, and if you were to suggest that they may have been wrong on their assessment of this market they may even get offended, making almost all efforts to convince them a waste of time, and we can only hope that at some point they realize the mistake they have made.
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