Too many chickens own BTC. Don't be a chicken, HODL! BE A LION. - page 6.

lienfaye

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Quote from: virtualdn on November 09, 2022, 05:19:16 PM

1 BTC = 1 BTC. That's all you need to know. Less drama, live longer.

Indeed. If only weak investors are aware of this and not only basing on the current price, probably they will not panic to sell at loss. Unfortunately they're thinking negative thoughts during this time.

Well, it's understandable to have worries and fear but if you know what you're getting into and has knowledge about it then you'll understand that it's only temporary. Nevertheless, the price is quite cheap, a time to buy, so take advantage it if you're bullish in Bitcoin's future.

GreatArkansas

legendary

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Quote from: virtualdn on November 09, 2022, 05:19:16 PM

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.
(....)

So, this is a chance for those people who were jealous before for people who bought early and cheap Bitcoins before.
These people must be got the balls to buy these cheap Bitcoins.
$10,000 Bitcoin is extremely cheap. I also started to see some people who are really hoping to buy Bitcoins at $10,000, they started to prepare their capitals.

LegendaryK

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Activity: 280

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1st Rule of Investing
Past Performance is no guarantee of Future Profits!

Where as in the Past, the Baby Boomers have been providing Massive Venture Capital to any moron with an idea.
Baby Boomers are now converting to safer investments ie: US $, as they retire.

The giant sucking noise in the Markets, is those retiring Baby Boomers leaving (since late 2021.)
All that free venture capital that was propping up all of the Proof of Waste mining operations,
is disappearing faster than a magic act.

So the real question, is how many of you are going to be alive in 2040 when Venture Capital Investment is again at maximum levels.
Not to mention the Proof of Waste Ban warnings from US & Canada & Europe much much sooner. Tongue

Ultegra134

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Quote from: virtualdn on November 09, 2022, 05:34:05 PM

Quote from: Ultegra134 on November 09, 2022, 05:33:22 PM

I'm curious: how is someone a chicken if he sold for $60,000 a year ago? Whether we like it or not, holding isn't necessarily the best practice out there. You could have sold during last year's ATH and bought back now, during the dip. I didn't know about FTX.com either, but this single incident was enough to send Bitcoin down to $15.000 within one day, which is worrying to say the least. I can't blame people for being emotional over their own money. It's hard to process that our funds are now worth more than 15% less in value, in a matter of a few hours.

Never said someone who sold at 60k is a chicken. The market was at the top. I haven't sold at 60k because I know BTC's value. If it gets back to 60k I still won't be selling.

60k is pennies if you see the whole picture. But only a few see the whole picture. In the future owning 1 single bitcoin will be huge. But it won't be available for everyone.

Someone who is selling today is a big chicken if you ask me. The ones who sell when the crypto market is down.

Okay, right. I get your point now. However, from my point of view, for how long will someone be able to hold on? Don't we have to cash out and convert to fiat at some point? I'm confident that Bitcoin will be worth more than $70.000 again in the coming years, and I'm willing to hold until then. However, I find it sensible to sell after overcoming the bear market. There are no guarantees that Bitcoin will keep rising to infinity, and honestly, what's the point of holding it and never selling it?

8rch7

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Vave.com - Crypto Casino

It is certain that a strong hand will be the winner, we never want to be made into their play and we also can't follow their drama, they may lead opinions to make us weak and helpless, so we are not strong enough to hold btc in our hands , we must have strong hands and mentally strong so that we don't panic when the price of bitcoin falls, keep what you already have believe me one day you will definitely get what you want, btc is difficult to understand but if you have mental steel it's already surely success will await you.

suzanne5223

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Want top-notch marketing for your project, Hire me

Quote from: virtualdn on November 09, 2022, 05:19:16 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 Grin

1 BTC = 1 BTC. That's all you need to know. Less drama, live longer.

You may believe the panic seller is chicken I may somehow agree and also disagree because the market is replicating the same thing that always happened every 4 years although it always comes with different influences.
If you remember in the year 2018, the crypto market experienced a type of market correction after the moment Apple co-founder Steve Wozniak claimed to have sold all his holding to exit the market in other for him not to play dupe by the market. This year's market was triggered by CZ's statement about FTX tokens and exchange.

Baofeng

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Quote from: virtualdn on November 09, 2022, 05:19:16 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 Grin

1 BTC = 1 BTC. That's all you need to know. Less drama, live longer.

Yeah, thanks for the reminder again, I know that you are a diamond hand, Grin

But perhaps there are a lot who panic at this point, and would rather sell their precious bitcoin. On the other hand, buyers are happy, its' on a sale, they can buy huge amount of bitcoin again and fatten their wallet because others have 'chicken out'.

They might regret their decision to sold though, when the market bounce back after this nosedived.

jossiel

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DGbet.fun - Crypto Sportsbook

Quote from: virtualdn on November 09, 2022, 05:19:16 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 Grin

1 BTC = 1 BTC. That's all you need to know. Less drama, live longer.

HODL is the key, it is!

While there might be people who have the mission to search for someone who has been holding and never sold any of it until now, well, the search is over and they found you.

I agree that just HODL and you'll still have it back eventually as the market will be settled once again and everything is going to recover. We're not at the top at all times but the same motivation goes for moments like this.

virtualdn

legendary

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Quote from: Ultegra134 on November 09, 2022, 05:33:22 PM

I'm curious: how is someone a chicken if he sold for $60,000 a year ago? Whether we like it or not, holding isn't necessarily the best practice out there. You could have sold during last year's ATH and bought back now, during the dip. I didn't know about FTX.com either, but this single incident was enough to send Bitcoin down to $15.000 within one day, which is worrying to say the least. I can't blame people for being emotional over their own money. It's hard to process that our funds are now worth more than 15% less in value, in a matter of a few hours.

Never said someone who sold at 60k is a chicken. The market was at the top. I haven't sold at 60k because I know BTC's value. If it gets back to 60k I still won't be selling.

60k is pennies if you see the whole picture. But only a few see the whole picture. In the future owning 1 single bitcoin will be huge. But it won't be available for everyone.

Someone who is selling today is a big chicken if you ask me. The ones who sell when the crypto market is down.

Ultegra134

hero member

Activity: 1750

Merit: 904

I'm curious: how is someone a chicken if he sold for $60,000 a year ago? Whether we like it or not, holding isn't necessarily the best practice out there. You could have sold during last year's ATH and bought back now, during the dip. I didn't know about FTX.com either, but this single incident was enough to send Bitcoin down to $15.000 within one day, which is worrying to say the least. I can't blame people for being emotional over their own money. It's hard to process that our funds are now worth more than 15% less in value, in a matter of a few hours.

virtualdn

legendary

Activity: 1358

Merit: 1093

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 Grin

1 BTC = 1 BTC. That's all you need to know. Less drama, live longer.

Topic: Too many chickens own BTC. Don't be a chicken, HODL! BE A LION. - page 6. (Read 1054 times)