Topic: the power of HOLD and believe - page 6. (Read 1808 times)

yeh ofcourse its a great moment for all those whoes buy btc in early quarter of 2020 and hold them with a patient.
 and now thats a great moment for them after a long patient they get alot of profit from btc.
personally i believe on holding. i am also a holder of too many altcoins as well as btc  at the moment.
now i am still holding btc for his 1million$ price

Bitcoin holding is very beneficial. Who whold from 2018 are now will full happy. I talk also those person whome holding from 2012 and now one can imagine how much they created profit in 8 years.
Bitcoin hits 40 k some days ago then maje correctness . Now again close to 40 k . once bitcoin get this margin. Next step will be 50 k. 20% chances that it reach to 50 k in this month January 2021.
I  holding still and wait for 50k

Bitcoin and other cryptocurrencies are splashed across news headlines on a regular basis, charting a wild ride of extreme highs and lows. Once the sole domain of anti-establishment millennials burned by the 2008 recession, many institutional investors have shed their skepticism and are dipping their toes into the crypto market, adding exposure through crypto funds, futures, and other emerging investment options.

That's short-term thinking not a very wise advice as it only works for about 20% of the people, you risk big losses as the price is never predictable.

In the long run the best winnings will be taken by the HODLERS, when 1 BTC = 1 MILLION you will say I was right because none of these schemes will ever get you that far.

Thats why you shouldn't hold ALT coins (excluding ETH)

Patience is a virtue if we have HOLD Bitcoin for a long time or if we bought Bitcoin in March at the start of the pandemic when the price of Bitcoin plummeted due to it and other factors.

Pleasant surprise! A new ATH surprises us because Bitcoin is being seen as the best asset to invest, a refuge from any currency in the world.

The power of Bitcoin is acting on those people who have entrusted their assets to it. If we add that they could be living in countries with a bad economy or hyperinflation, Bitcoin is fulfilling its objective.

Obviously if you know the future then you can time the market.  No one knows when the peaks and when the troughs are though except in hindsight.  If everyone knew that $19.x K was the high, everyone would've sold.  If everyone knew the future, then they would've bought at $1.

Buying and holding is a great strategy for everyone who has done it so far.  Will this time be different?  Who knows except that EVERY time is different than the last.  This time institutional buying is more long term than trading, e.g. things like short term trading on Coinbase/Coinbase Pro/Gemini vs MSTR, Square, Galaxy, MassMutual, Guggenheim, and of course, GBTC (which is in turn owned by places like ARK, Kinetics, etc.)  From what I've read, these are long term holders looking for diversification.   Would they panic sell?  Perhaps, but much less likely than leveraged traderson any of the trading platforms or people in 2017 who were trying to make a quick buck and then panicked.  This adds stability to the fiat price and also decreases supply for sale which alone will increase the fiat price, let alone the halving last year, and the increase in demand.

Sure each time people were saying "bubble" there was volatility, but likewise each time there was an order of magnitude or 2 growth in fiat price and then it came down some, but nowhere near back to the earlier prices.  It then ended up retracing back to the next high.  

So if you know the future, time the market.  If you don't know the future, well, think about what really makes sense.

Bitcoin Price Near about to touch 40k $, Checkout Live Bitcoin Price on CryptoChartIndex

People who HODL and never sell are fools.  Say you brought 1BTC when they were $1K.  If you just held it you would have $29K (which is a good return for 5 years).  But after that, at one point your investment went down to just $3K.  If however you saw the 2017 peak and sold at $16K on the way down and then brought at $4K (2019) on the way back up again, you would have 4BTC at $29K.  That is over $100K.

boy sminem helped a lot to

This season is really not the same before like 2017-2018 because bitcoin already proved a lot of things such as its bullish run without pattern.

Also there are a lot of bitcoin investors this year due to pandemic and people are more curious about how bitcoin works and how bitcoin make people earn huge profits in the market.

Bitcoin community is really progressing these past few months. On July, bitcoin is having a positive movement in the market which served as a sign that its price will possibly make another ATH. That's what pushes me to buy more and hold and look at now, we are celebrating and monitoring its nature to have a new ATH and unlock a new milestone.

One thing is for sure this 2020, its not the same as 2017 and the possibility of it growing is better than before. As 2018 commenced, most users want out of the Cryptocurrency Industry so some of the users are selling every possible Cryptocurrency that they had which is a bad idea. Some Cryptos did have sudden surges and some did not have it but they should have not labeled Cryptocurrencies as a bubble because Bitcoin proved them wrong.

If you hold that long then that was commendable because it is nearly impossible for anyone who will hold that long because when day saw Bitcoin reaching around $10k they might probably sell already. Upon holding there's a limit because it is always not working on our side. I mean you might be seeing a good price right now like $29k at this point and still growing but we never knew when this will end thus why having a target point sell or goal is highly recommended, you don't want to miss the opportunity. Holding was not bad in fact its a good strategy and I've been using it but you should when to have your exit.

Basically it’s just p have bitcoin in your wallet as the price can be determined by many factors like you said bitcoin experience the bull run at some point and it’s possible for bitcoin to experience another positive or negatively run in the nearest future so I won’t advise you store all your funds in bitcoin expecting the price to double in some few period based on your assumptions or market analysis.

It’s wont be wise also to have bitcoin in your wallet and make hold of it Believing it’s going to appreciate in future when you’re starvtor going through some financial challenges that your bitcoin if converted to fiat can properly take care of those bills . We should be wise in our bitcoin hold and believe at all times to be on a safer side.

That's 2 years Holding , and that is the Best way to accumulate coins ..

The problem is the capacity to hold, because many of us has been trying to Invest for long term ,But once the market start to collapse they are the first to Withdraw and added on the Dumping market.

things that favors the Whales because they can again Buy more while the price is dropping .

Everyone won't believe in its growth, and for the one who believe circumstances won't let them hold. I sold around 0.45btc when the price was close around $5000. I sold it to support my relative, but I know it'll grow. It is the circumstance that makes our mind soft and do it. If I've kept hold, now I could've got a much bigger profit.

but you must have a target to sell Bitcoin that you have, so you can still get a profit because we never know the state of cryptocurrency market and of course I also still hold 70% of Bitcoin that I own, because I have sold 30% of Bitcoin that I have when the price of Bitcoin reaches $ 28k and the remaining 70% I will sell until the price of Bitcoin reaches $ 30k - $ 35k (35% at $ 30k and 35% at $ 35k), I sell it gradually because I don't want the incidents in 2018 to happen again (Bitcoin price goes down, but I didn't sell Bitcoin that I had when the price of Bitcoin increase very high in 2017), then I also don't want to sell Bitcoin that I have at the lowest price, because the price of Bitcoin is still increasing.

If anyone is still HODL Bitcoin from 2018 until now, of course it is very lucky, because seeing the price of Bitcoin is now at $ 29,000. But I believe
the number of people still HODL Bitcoin from 2018 is very small, because I myself can only HODL until 2019 and finally sold it. If you have a little
patience, you will definitely have a big profit. Now I don't want to repeat the same mistake and plan to HODL Bitcoin for at least the next 5 years.

After every 2-3 years we have such holders who had bought bitcoins bought at very less price. But the thing is after every 2-3 years we will see bitcoin going upwards and hence any holder today will eventually end up having huge bag of stash. For ex, I believe in today's price of bitcoin which is 29k USD. I know that this is gonna be more than 40k after 2-3 years thus making me holder at less price.

It's better we must hold and learn some lessons out of this. Those who understand that BTC price keep going upwards no matter what will be smart investors of this era.

When it comes to bitcoin in crypto market then the word "More longer you HODL then more profits you will make" proved once again in 2020.People said 2017 price will be the highest ever price for bitcoin but it shattered in the next bullish cycle itself which was the same story in the previous bull runs in the bitcoin market so one who dare to take such risk of holding bitcoin will be rewarded the best but guys remember than its only suitable for bitcoin not for any shit coins.