Proof - The long Hodl | Bitcointalksearch.org

Debonaire217

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Quote from: shoreno on November 21, 2020, 09:09:26 AM

buying close to ath was an insane idea and people that do that are gutsy or have a big wealth on them because they arent afraid to loose . they treat that critical moment was simillar to gambling but unfortunately many had go home as loosers .

i feel sorry for them and thankful at them at the same time because they help increase the price at its last minute but others are only got the benefits . those that sell at a loss have undergone in a tought battle , supposed almost 3 years of hodling before they be able to see the recovery but sadly on few have make it this long .

We couldn't judge them as we all didn't know how high the price could get at that time. Imagine, if Bitcoin surged that much and some newbies become FOMOed, even without studying Bitcoin, they will still enter as there's time pressure. We didn't even know since the RSI indicator in trading shows unpredictable trends whether it is overbought or oversold. It also happened now but IMO, their increase is quite organic and many traders already conducted their study of the market that is why even before we reached a higher price compared to 2017, many traders have already sold their holdings.

The best thing to do for this time is to wait further as we bottom to a decent market price. Entering again might result in us being trapped as the market shows no healthy progress not just in Bitcoin but also in Altcoins.

raidarksword

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For me bitcoin is a long-term investment and whether a person to hold or to sell that's his or her decision, it's all depends on person scenario. Some people sold it for profit and also some bought especially in dip prices it for long-term purposes and wait for the time is right to pick those fruits of holding assets in the future. As always, panic selling will always triggers the emotions of people who bought the ATH and by doing that they will not surely recover of their losses and it's a suicide decision. It's not the end for bitcoin anyway, there is always another opportunities will come for the price to rise again.

verita1

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Although I didn't expect this new Bitcoin ATH to end like this. It would seem that it is a learned pattern who buy Bitcoin to wait for this moment and overturn the price and gain something with it.
Also when the price is close to 20K and the holidays like Thanksgiving and Black Friday are coming. Oh no! it's coming again.
Sometimes it is stressful to see the price of Bitcoin but as it falls, it also increases in price, we can only be patient. By 2021 Bitcoin and crypto will be demonstrating their progress to the community where we all participate.

Asuspawer09

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Quote from: aoluain on November 17, 2020, 03:50:53 PM

Anyone who was into crypto this time 3 years ago
will remember the run up to the ATH of $19783.

It was a wild time in December of that year, there
were big gains made and alternatively a lot of losses
where some people FOMO'd in close to the ATH
and either sold at a loss or are still holding what they
had back then.

How many had the forsight to HODL what they had
for the next bull market, which is now?

I would say, not many!

Eventhough we (the positive) have been preaching
about the long haul and a look to the future.

These times are proof that when you buy high, not panic and HODL for the future is rewarding

Its really difficult to read what gonna happened in the market in the coming months, especially if you're holding a high amount of investment it's really tempting to sell your holding at this times because it could be a more profit or the market price could also go dump and then your gonna need to wait for another 2-5 years again before the market price of bitcoin could increase or pump again in the market.

Most people could assume that the market price of bitcoin is just gonna continue to increase in the coming years just because of the supply of bitcoin and mining bitcoin more difficult than before. But it could take years or a long time for that to happened and it might not be worth waiting considering the time of investment.

But it still depends because there are so many investments or businesses that could give you more profit in 2-5years than just waiting in crypto investment.

Kelvinid

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when lambo...

Quote from: aoluain on November 17, 2020, 03:50:53 PM

How many had the forsight to HODL what they had
for the next bull market, which is now?

A lesson and learn for me to be honest. I miss the opportunity to accumulate more Bitcoin last year where the market is in-depth. Seeing the market status in the past days reminds me that I did the wrong choice of my life and not choosing to hold but have it sold.

Now, I decided to wait for the moment it drops back and started to accumulate more Bitcoin and wait for 3 years (or even more) before to sell because I notice that it likely the same scenarios to happen.

Malam90

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Holding all coins/ tokens aren't good idea specially shitcoins but if you purchase Bitcoin or top few coins and face price reduction after purchase, you can hold for longer time. One day it will recover. Today Bitcoin price hit $18000. Those who purchased in December 2017 and hold till today, now recovered their portfolio balance in Bitcoin holding. I also believe that panic sale is very bad for the growth of crypto market.

Cling18

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I was just a beginner when the bull run happened last 2017 and I think that was a lesson learned for me not to doubt crypto investing especially when the price is still low. I have a friend who invested and bought bitcoins during the bull run and she's been regretting it until now. Everything works in perfect timing and I guess we should apply at least the basic which is to buy low and sell high and be observant of the market flow.

pinggoki

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Quote from: aoluain on November 17, 2020, 03:50:53 PM

Anyone who was into crypto this time 3 years ago
will remember the run up to the ATH of $19783.
These times are proof that when you buy high, not panic and HODL for the future is rewarding

I was in crypto 5years ago and I saw the slowly growth of bitcoin from nothing to becoming this. The ATH was 4 years ago in which it is in the month of the December which the bitcoin and the altcoins become bullish and it reach $19,783 and this is the most high price of the bitcoin back then, but right now there are so many reports and predictions that it will break the ATH 4 years ago and I guess it is true. It would be better if we will be just buy low and just HODL it until the future or until the bullish of the market just like this who hold so much bitcoin, they are already rewarded by the price of it right now.

shoreno

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buying close to ath was an insane idea and people that do that are gutsy or have a big wealth on them because they arent afraid to loose . they treat that critical moment was simillar to gambling but unfortunately many had go home as loosers .

i feel sorry for them and thankful at them at the same time because they help increase the price at its last minute but others are only got the benefits . those that sell at a loss have undergone in a tought battle , supposed almost 3 years of hodling before they be able to see the recovery but sadly on few have make it this long .

Sultanar484

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Activity: 232

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Only holding Bitcoin is safer than other coins that is now proved after 3 years later. Bitcoin has reached $18300 after 3 years. Those who hold till now, recovered their losses and they are enjoying golden day in cryptocurrency but other investors still can't recover their losses. I also losses in altcoins but now gainer in Bitcoin.

markleal

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Hi there aoluain, three years ago the bull run failed to reach the $20,000 mark. But this year I am foreseeing that it will surpass the price that everyone is looking for. But, ironically, it could be more disastrous than three years ago. If the $20k mark has reached there are more people that are on HOLD will be pressured to SELL.

Shasha80

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What happened in 2017 can indeed be used as a lesson for all of us, that if it turns out that we buy Bitcoin at a high price,
no need to panic and stay calm. Because Bitcoin if we hold for the long term is very profitable, the proof is now Bitcoin has
managed to rise back to the all time high price. But the problem is not everyone buys Bitcoin using extra money or money
that we can afford to lose, so very few are able to hold Bitcoin in the long run.

Dorodha

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You have to wait a long time to hold the crypto currency but long hold is a very profitable currency. Those who have been holding on for three years have now made a lot of profit but the price of the currency could go down a lot if more profits come. is better to sell you hold it for too long you will fall into loss but now those who will invest don't have to wait too long prices will rise further towards the end of this year. I like to hold on to BTC but not for long is easy to understand the price difference you can manage the market properly.

soetikno

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Holding up to 3 years is very long, the proof is that in 2017 there were a lot of searches on google about bitcoin, and now in 2020 more and more searches about bitcoin, I think in 2021 bitcoin will reach a new ATH, the movement of bitcoin is unpredictable but Good news and halving make Bitcoin even better to hold

Casdinyard

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Quote from: FinneysTrueVision on November 20, 2020, 09:29:08 PM

3 years is a long time for some people to be hodling. They lose their patience and would rather take a loss than keep waiting for the price to recover. I always expected the price to go back up to $20k eventually but I still wish I had managed my BTC savings better. I try to learn from my experiences and I try to accumulate as much BTC as I can and resist the urge to sell out of desperation.

Actually there are many people who held to their Bitcoin longer than three years. Those are people who invested around 2013 or elier years of this technology They kept their holdings without having assurance that its market value will be as big as its ATH and it gave them huge profit from doing so. But it is indeed hard to do so because there are many factors that could affect one's decision whether to sell or still hold, having no certainties on how will the market behave due to the natural volatility of the market prices. So as long as you can, and as long as you feel of not selling, choose to hold.

FinneysTrueVision

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3 years is a long time for some people to be hodling. They lose their patience and would rather take a loss than keep waiting for the price to recover. I always expected the price to go back up to $20k eventually but I still wish I had managed my BTC savings better. I try to learn from my experiences and I try to accumulate as much BTC as I can and resist the urge to sell out of desperation.

SektorPiii

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I agree that panic selling should be absent from traders, indeed, people who bought BTC for$ 18,000 today can get out of it without losses. Now the situation is repeated, I think many traders already believe much more in the bright future of BTC and we will not see as many panic sales as the first time.

Irdina

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Lots of people around me predict bitcoin will go up to $ 20000, but I always hesitate to buy, always afraid that the price will be too expensive and it will drop drastically ... so I only trade short-term taking profits little by little ... the futures that are my mainstay .

CODE200

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Quote from: Bekuciwu9 on November 17, 2020, 05:25:22 PM

I don't know about the others, but people around me mostly hodl all their btc and they didn't sell during bear market. All this patience is finally paying off. I always planned that once btc reaches 20k that i will sell at least half, but now i am not so sure since end of 2021 might be like end of 2017 and then even $100,009 is possible.

So in the end i will probably just go on with hodl.

Where's the substance in this claim that it is possible for the market price of Bitcoin to reach $100k? You have already said it; you're not sure we'll, we are all.

But if your friends held their investment for three years, that's something hard to do so and I congratulate them from doing so I'm sure many people failed to do so because of different life circumstances and not everyone can afford not having profit from their investment for 3 years.

Quote from: target on November 18, 2020, 04:33:59 PM

Quote from: BADecker on November 17, 2020, 07:15:36 PM

But the bigger question is, if you hodled all this while, are you going to act like a scared bunny, and take your money out when it reaches $20,000 again in a week or two?

Cool

That would be a weak decision. If you hold that long to wait for the next bullrun, you would rather be waiting for longer years again to wait until you wanna retire surrounded by a pile of money. You are not going ot be scared now than what had happened last 2018 where the price plunged.

If you dumped now, you just wasted the long wait you have invested. You got to make it worth the stressful time you felt during the bear market and wait til it doubles like $40K.

Easy to say.
Fear is expected. Those people who held for three years might just be wanting to get their money without loss and if things get complicated, they would more likely secure at the previous ATH price point since correction could again occur, which no one is certain of.

tbterryboy

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Most of the people (investors) are scared of how long it would take before the price goes up, and that’s because they want quick profit but it doesn’t work that way, this requires the level of patience which most of them don’t have at all. As for some of them the case is that they don’t have the money to invest, so they have no other choice than to stay clear from it.

And for this new bull market, I have already invested. With the experience I had with the last bull market, I am able to do the right thing now, and I am sure I am not going to miss. I didn’t miss the last time and I am not going to do this time around too lol Grin

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Topic: Proof - The long Hodl (Read 744 times)