Hope is a powerful thing. It allows us to believe in something even though there is no proof that it exists. The hope for quick, easy riches is no different. People will invest in things and programs because they hope for a return on their money. But the sad truth is that the vast majority of people are not going to become millionaires through Bitcoin - and if you're waiting for that to happen, you're likely going to be waiting for a very long time. So basically, don't just "hope" it happens – try to make it happen; but don't expect it to happen overnight.
Topic: Too many chickens own BTC. Don't be a chicken, HODL! BE A LION. - page 4. (Read 1054 times)
November 15, 2022, 04:39:02 PM
November 15, 2022, 04:13:38 PM
Yea well said. Most dump happens due to panic sellers. In case something comes out like bad news then it immediately starts selling. As a result, we face a massive dump. It's true people just become worried and want to secure their funds. They don't care then how much are they losing. You can't explain to them ever not to sell. It's a phycological matter. And you will notice they are buying again when the green market started. They hope then they can recover their previous losses.
November 15, 2022, 03:52:17 PM
This is the real issue BTC is facing. Chickens get afraid and sell even if they lose their money. They don't even understand how crypto works.
I've never sold a satoshi since 2013. I know BTC will rise back and one day will hit the 100k and beyond. In a way I'm glad this is happening, more strong hands and less chickens. HODL! Hoping to buy more if it gets down to 10k.
Haven't even heard about FTX until now lol. This shows how panicked I am
1 BTC = 1 BTC. That's all you need to know. Less drama, live longer.
Not all do make out investment which are intending to hold for long term and not all really really that experienced on doing so which means they do have less experience which means that they are really indeed proneI've never sold a satoshi since 2013. I know BTC will rise back and one day will hit the 100k and beyond. In a way I'm glad this is happening, more strong hands and less chickens. HODL! Hoping to buy more if it gets down to 10k.
Haven't even heard about FTX until now lol. This shows how panicked I am
1 BTC = 1 BTC. That's all you need to know. Less drama, live longer.
to mistakes but if someone is really that holding for long years to come or in future then these price movements or events wont really scare at all, but it cant really just be avoided not for you to get panic
specially if you do actively known or see on whats happening around the market.For you who had been holding for almost a decade then it is really simply amazing on how
strong your self control is plus having that kind of patience which isnt something a person does have.
November 15, 2022, 03:31:35 PM
It looks like the price is going to fall for a while now. Musk said winter is long. This bear market will last for a long time.
When this bear market passes, not many people will stay in cryptocurrencies. When the bull market came, they saw that the price of Bitcoin was going to jump up again.
When this bear market passes, not many people will stay in cryptocurrencies. When the bull market came, they saw that the price of Bitcoin was going to jump up again.
and then, people will regret again that they haven't bought btc when it was low. this will be a cycle that will happen again and again because we have a roller coaster movement in the market price. only that, few people remain strong and holding.
on the note that bear market will last for a long time, we can't say how long it will be because if a big influential company will throw good news on the market, we may see the price soaring again in no time.
November 15, 2022, 10:07:14 AM
A common advice but has been recommended by the veterans = HODL!
HODL if the market is dipping, HODL if the prices are much more lower than the price when we obtain it, and if the price is sky rocketing then that is the best reason why must HODL more. We must not forget the reason why we're here in the first place and our aim why we're trying to be patient, we sure ain't here to lose money. Just like what the OP said, don't be one of those chickens who chickened out and panicked when the market is challenging our patience.
HODL if the market is dipping, HODL if the prices are much more lower than the price when we obtain it, and if the price is sky rocketing then that is the best reason why must HODL more. We must not forget the reason why we're here in the first place and our aim why we're trying to be patient, we sure ain't here to lose money. Just like what the OP said, don't be one of those chickens who chickened out and panicked when the market is challenging our patience.
November 15, 2022, 02:27:23 AM
It looks like the price is going to fall for a while now. Musk said winter is long. This bear market will last for a long time.
When this bear market passes, not many people will stay in cryptocurrencies. When the bull market came, they saw that the price of Bitcoin was going to jump up again.
When this bear market passes, not many people will stay in cryptocurrencies. When the bull market came, they saw that the price of Bitcoin was going to jump up again.
November 15, 2022, 02:19:02 AM
This is the real issue BTC is facing. Chickens get afraid and sell even if they lose their money. They don't even understand how crypto works.
I've never sold a satoshi since 2013. I know BTC will rise back and one day will hit the 100k and beyond. In a way I'm glad this is happening, more strong hands and less chickens. HODL! Hoping to buy more if it gets down to 10k.
Haven't even heard about FTX until now lol. This shows how panicked I am
1 BTC = 1 BTC. That's all you need to know. Less drama, live longer.
I've never sold a satoshi since 2013. I know BTC will rise back and one day will hit the 100k and beyond. In a way I'm glad this is happening, more strong hands and less chickens. HODL! Hoping to buy more if it gets down to 10k.
Haven't even heard about FTX until now lol. This shows how panicked I am
1 BTC = 1 BTC. That's all you need to know. Less drama, live longer.
The so called "chicken" were the people, who pumped the Bitcoin price to 60K USD. The same "chicken" are the ones who crash the price every time. If the Bitcoin market was full with lions and there were no chicken, the BTC price probably would have been way more stable.
Anyway, don't insult the chicken traders, because they are the ones, who make your profits in times of bull markets.
I haven't heard anything about FTX one month ago. I knew this Sam Bankman-Fried guy, but I wasn't paying close attention to him or his companies. Unfortunately, the domino effect will hit many more crypto exchange platforms. This is both good and bad. It's good because less centralized custodial crypto companies will remain, but it's bad because the crypto winter will continue until 2025.
November 15, 2022, 12:59:59 AM
Well not only am I going to continue to HODL but I absolutely think this is a great time to pick up coins when they’re at this low price. I am definitely looking to pick up more coins cheap but unfortunately I’m pretty low on fiat right now and hope this will change very soon.
I think anyone with extra fiat lying would be pretty foolish not to pick up some coins cheap. Forget about selling them. Even for those who are not believers in crypto or risk averse should use this an opportunity to pick up some coins to diversify their portfolio and learn about crypto.
If you are a hodler, your journey won't be completed without buying coins regularly but most of the times you will buy coins when the market is like this (crashing badly) and everyone is panicky thinking this is the end of crypto. You are low in fiat but any amounts will do here. That is the best thing about crypto because they are divisible.I think anyone with extra fiat lying would be pretty foolish not to pick up some coins cheap. Forget about selling them. Even for those who are not believers in crypto or risk averse should use this an opportunity to pick up some coins to diversify their portfolio and learn about crypto.
If possible, you can also take a long term loan so that you won't have a hard time paying it and you can still be able to sell some of your coins by the time crypto shows some recovery only to pay the loan that you availed. And what about your salary on your job? Don't tell me you aren't working on one. We should and we shouldn't totally depend on cryptos alone.
November 15, 2022, 12:28:06 AM
Well not only am I going to continue to HODL but I absolutely think this is a great time to pick up coins when they’re at this low price. I am definitely looking to pick up more coins cheap but unfortunately I’m pretty low on fiat right now and hope this will change very soon.
I think anyone with extra fiat lying would be pretty foolish not to pick up some coins cheap. Forget about selling them. Even for those who are not believers in crypto or risk averse should use this an opportunity to pick up some coins to diversify their portfolio and learn about crypto.
I think anyone with extra fiat lying would be pretty foolish not to pick up some coins cheap. Forget about selling them. Even for those who are not believers in crypto or risk averse should use this an opportunity to pick up some coins to diversify their portfolio and learn about crypto.
November 12, 2022, 05:23:08 AM
This is the real issue BTC is facing. Chickens get afraid and sell even if they lose their money. They don't even understand how crypto works.
I've never sold a satoshi since 2013. I know BTC will rise back and one day will hit the 100k and beyond. In a way I'm glad this is happening, more strong hands and less chickens. HODL! Hoping to buy more if it gets down to 10k.
Haven't even heard about FTX until now lol. This shows how panicked I am
1 BTC = 1 BTC. That's all you need to know. Less drama, live longer.
I've never sold a satoshi since 2013. I know BTC will rise back and one day will hit the 100k and beyond. In a way I'm glad this is happening, more strong hands and less chickens. HODL! Hoping to buy more if it gets down to 10k.
Haven't even heard about FTX until now lol. This shows how panicked I am
1 BTC = 1 BTC. That's all you need to know. Less drama, live longer.
Amazing wisdom. I agree with every word of it.
Just check the charts, Bitcoin has been going only upwards since its inception. What does that tell you? It tells you that it will keep going up. Why? Because history repeats itself. OK sometimes it don't but then it rhymes just like Tupac.
Remember:
"Bears make money, bulls make money, pigs get slaughtered."
Don't be a pig.
Be a fucking apex predator.
November 12, 2022, 05:12:48 AM
I've never sold a satoshi since 2013. I know BTC will rise back and one day will hit the 100k and beyond. In a way I'm glad this is happening, more strong hands and less chickens. HODL! Hoping to buy more if it gets down to 10k.
Haven't even heard about FTX until now lol. This shows how panicked I am
Haven't even heard about FTX until now lol. This shows how panicked I am
I agree with you, don't sell your coins during a panic. Right now BTC is at 17,222 USD, it's the worst possible timing to sell at an 52 week low price. We need to have the stomach to sit through this dip and wait for prices to recover. The best strategy would of course be to HODL and not sell any coins at all. It's a nice position you are in to be part of the Bitcoin community for so long and never have sold a single coin yet. I am also not going to sell any of my coins any time soon, only if I really needed to, due to some family problems. Right now is the best time to buy, the idea is to buy low and sell high. People are selling right now doing the exact opposite, and what for? Are they really hoping BTC is going to fall considerably more to make it an attractive trade? If BTC is just going to linger around the 17k level than you are going to buy back your coins at pretty much the same level and only to have paid transaction fees in the process. And the big risk is always when you sell all your coins to miss out on the next rally.
November 11, 2022, 05:42:13 PM
This is the real issue BTC is facing. Chickens get afraid and sell even if they lose their money. They don't even understand how crypto works.
I've never sold a satoshi since 2013. I know BTC will rise back and one day will hit the 100k and beyond. In a way I'm glad this is happening, more strong hands and less chickens. HODL! Hoping to buy more if it gets down to 10k.
Haven't even heard about FTX until now lol. This shows how panicked I am
1 BTC = 1 BTC. That's all you need to know. Less drama, live longer.
Are you aware that people have different situations living in? Hwta if an investor bought 1 BTC and because of the high inflation rate we are currently experiencing, he ran out of money (just an example). Would he be wrong for selling his asset because he is in need to do so? It is right to call the investor a chicken if he needs to do what's necessary to make a living? We have our own battles, so never conclude. Ofcourse it would be ideal to hold at thid moment and avoid selling but there are times in our lives which will push us to go out of our plans.I've never sold a satoshi since 2013. I know BTC will rise back and one day will hit the 100k and beyond. In a way I'm glad this is happening, more strong hands and less chickens. HODL! Hoping to buy more if it gets down to 10k.
Haven't even heard about FTX until now lol. This shows how panicked I am
1 BTC = 1 BTC. That's all you need to know. Less drama, live longer.
Those who would be able or those who can afford seeing this bearish market trend should hold in order to not make the loss permanent. Indeed 1BTC=1BTC. If you won't sell at a low price there is still a chance to make profit. But once you sell, profit will be permanent on that investment.But we should gauge other factors as well.
November 11, 2022, 02:29:11 AM
This is the real issue BTC is facing. Chickens get afraid and sell even if they lose their money. They don't even understand how crypto works.
I've never sold a satoshi since 2013. I know BTC will rise back and one day will hit the 100k and beyond. In a way I'm glad this is happening, more strong hands and less chickens. HODL! Hoping to buy more if it gets down to 10k.
Haven't even heard about FTX until now lol. This shows how panicked I am
1 BTC = 1 BTC. That's all you need to know. Less drama, live longer.
This is a process we have seen over and over again, when the bull market comes this raises the awareness of bitcoin among the general public and a lot of people come to this market thinking about all the profits they can get.I've never sold a satoshi since 2013. I know BTC will rise back and one day will hit the 100k and beyond. In a way I'm glad this is happening, more strong hands and less chickens. HODL! Hoping to buy more if it gets down to 10k.
Haven't even heard about FTX until now lol. This shows how panicked I am
1 BTC = 1 BTC. That's all you need to know. Less drama, live longer.
And while this increases adoption it also increases the number of weak hands we have in the market, and this makes the price of bitcoin way more susceptible to a crash as those people are ready to sell their coins at the first provocation, but personally I do not see this with bad eyes as those are the people that allow us to buy bitcoin once again for a price that I thought I would never see again.
November 11, 2022, 01:52:58 AM
This is the real issue BTC is facing. Chickens get afraid and sell even if they lose their money. They don't even understand how crypto works.
I've never sold a satoshi since 2013. I know BTC will rise back and one day will hit the 100k and beyond. In a way I'm glad this is happening, more strong hands and less chickens. HODL! Hoping to buy more if it gets down to 10k.
Haven't even heard about FTX until now lol. This shows how panicked I am
1 BTC = 1 BTC. That's all you need to know. Less drama, live longer.
I've never sold a satoshi since 2013. I know BTC will rise back and one day will hit the 100k and beyond. In a way I'm glad this is happening, more strong hands and less chickens. HODL! Hoping to buy more if it gets down to 10k.
Haven't even heard about FTX until now lol. This shows how panicked I am
1 BTC = 1 BTC. That's all you need to know. Less drama, live longer.
I think that most people need to go through the ritual of fire. That is to say, they need to experience what their own "chickeness" does to their portfolio. I think we all once were newbies who were not 100% certain of our investment in Bitcoin. Nor did we understand it much, rather we just decided to go with the hype, as most newcomers do these days. But the BTC lost by flip-flopping between buying and selling are not what I would call losses. Rather they are expensive lesson fees.
Once we complete the lesson, which is to always hodl and never sell, then and only then do we reap the future rewards.
But you are right. I think the biggest problem is that they do not understand how crypto works.
November 11, 2022, 01:41:23 AM
Don't be greedy with cryptocurrency. Never sell early when bitcoin price huge dropped. You can see about bitcoin price chart in past many years.When bitcoin price dropped then bitcoin grow up more again it's historical price repeat. I'm suggested to you can still hold your bitcoin untill bitcoin price surprise us.I hope you can get good benefit from your holding bitcoin.
November 10, 2022, 03:29:21 PM
Safe to say that those who chickened-out are now mad of the choices they made and already regretting for keeping the coins for quite some time just to sold it at a much cheaper price than the price when they bought it. They are just too unfortunate that they forgot the reason why they bought it at the first place, now that the halving is approaching, we might see another ATH.
Bitcoin often repeat this stage in each bear market cycle, basically like about 70% of holders or so will be in a lose, called the capitulation period. Few months ago when I checked, it was like about 50% of people that bought BTC were still in a profit, seem we're at the point we get a total wash out of the weak hands investors from the market right now, And where some of the long term holders of Bitcoin start to panic selling off as a result of the market crushing below the particular price they bought their Bitcoin. No risk, no gain # We HODL together.
November 10, 2022, 03:27:22 PM
Be a lion. Have the mentality of a lion, not the one of a chicken. Come back to this thread in 10 years and tell me I was wrong. Better fail as a lion than run as a chicken. This is my mentality folks, hope many of you think the same.
I myself don't need to be greedy the most important thing is that we can hold bitcoin much better in carrying out the DCA or Dip strategy, we have the same goal is for the long term and expect higher prices but I have to be strong with obstacles in the way so I can only be optimistic that what I do with DCA will continue without any disruption to my finances.Target having lots of bitcoins is good, I'm more concerned with what I can afford maybe now when the market is crashing I can't buy more but with weekly DCA it's much better for me.
November 10, 2022, 03:22:20 PM
Haven't even heard about FTX until now lol. This shows how panicked I am
Just for those who are wondering: the reason why a lot of people don't know about FTX despite it being a huge exchange, is that FTX's user demographic are mostly akin actual traders who know what they're doing — compared to the typical Binance user which is a lot more "retail-y"(for a lack of a better word).
I only know FTX from using BLOCKFOLIO. I have been using BF for a few years to track
my wallet contents and then with the rebranding to FTX last year I kept it going. I never traded
on the platform.
This is the real issue BTC is facing. Chickens get afraid and sell even if they lose their money. They don't even understand how crypto works.
I've never sold a satoshi since 2013. I know BTC will rise back and one day will hit the 100k and beyond. In a way I'm glad this is happening, more strong hands and less chickens. HODL! Hoping to buy more if it gets down to 10k.
Haven't even heard about FTX until now lol. This shows how panicked I am
1 BTC = 1 BTC. That's all you need to know. Less drama, live longer.
I've never sold a satoshi since 2013. I know BTC will rise back and one day will hit the 100k and beyond. In a way I'm glad this is happening, more strong hands and less chickens. HODL! Hoping to buy more if it gets down to 10k.
Haven't even heard about FTX until now lol. This shows how panicked I am
1 BTC = 1 BTC. That's all you need to know. Less drama, live longer.
Anyone who has held bitcoin for just about any length of time is way ahead of people in fiat, stocks, bonds etc. Between inflation and authoritarian kleptocrats around the world, there are few safe havens. PMs and bitcoin being the main ones. I did sell some between 58k and 62k, but I have only sold rarely since 2010.
I wonder how many people will get the message over the next few months when things get
more difficult?
On Chickens, I see where the OP is coming from, there are definitely panic sellers but it also
the markets being heavily leveraged which has an effect at times like these as trades get
liquidated which drives the price down.
November 10, 2022, 03:17:51 PM
This is the real issue BTC is facing. Chickens get afraid and sell even if they lose their money. They don't even understand how crypto works.
I've never sold a satoshi since 2013. I know BTC will rise back and one day will hit the 100k and beyond. In a way I'm glad this is happening, more strong hands and less chickens. HODL! Hoping to buy more if it gets down to 10k.
Haven't even heard about FTX until now lol. This shows how panicked I am
1 BTC = 1 BTC. That's all you need to know. Less drama, live longer.
I've never sold a satoshi since 2013. I know BTC will rise back and one day will hit the 100k and beyond. In a way I'm glad this is happening, more strong hands and less chickens. HODL! Hoping to buy more if it gets down to 10k.
Haven't even heard about FTX until now lol. This shows how panicked I am
1 BTC = 1 BTC. That's all you need to know. Less drama, live longer.
Anyone who has held bitcoin for just about any length of time is way ahead of people in fiat, stocks, bonds etc. Between inflation and authoritarian kleptocrats around the world, there are few safe havens. PMs and bitcoin being the main ones. I did sell some between 58k and 62k, but I have only sold rarely since 2010.
November 10, 2022, 03:09:26 PM
This is the real issue BTC is facing. Chickens get afraid and sell even if they lose their money.
No one would ever wanted to sell during dip than to buy, so what else do you expect from people who only invest little on bitcoin to later sell out t loss except they are in an urgent need to do so, why aren't the whales in best position to sell out even at loss?
They don't even understand how crypto works.
That is not the measure to conclude on the sound understanding about bitcoin trading or holding, besides all other cryptos can't be predicted like bitcoin, everyone do what he sees the best for his own interest.
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