Whatever happens, hold on to your Bitcoin. - page 2.

CryptoBuds

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Quote from: SquirrelJulietGarden on November 14, 2023, 01:26:12 AM

Quote from: Kakmakr on November 14, 2023, 12:19:38 AM

Well, if the SEC denies the application for a Bitcoin ETF, nothing significant will happen.. because those companies will just review their applications and apply again or they will opt to invest in Bitcoin directly.

Bitcoin Spot ETF applications don't appear in this year 2023 but it was applied many times in the past years. If this year, next year, those applications won't get approvals, those companies will do like you said, continue to apply again in future.

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We also have the Bitcoin Halving that will also help to boost the demand and also the price of bitcoins. The conflict in the Middle East will also increase the demand for bitcoins, because investors are dumping money into investments that are seen as something with a store of value.

It is more important for Bitcoin growth than Bitcoin Spot ETFs. Many years, without Bitcoin Spot ETFs, Bitcoin still succeeded to attract new capital into Bitcoin market with each halving and bull run cycle. Bitcoin Spot ETFs are expected to bring more capital to this market but without those ETFs, we will continue to have more capital flow in this market before and after the halving in 2024.

We might have a series of approval for many Bitcoin Spot ETFs at the same time or have nothing at all.
BlackRock, ARK Invest & More: Meet The 8 Companies Racing For a Bitcoin SPOT ETF

Although bitcoin may not need ETFs to have a bullish season, we cannot deny its role and impact on bitcoin. If the ETF passes, not only will we have a lot of new money flowing into the market, but bitcoin's popularity will reach a faster rate. Furthermore, the reason so far many large investment funds or traditional investors have not jumped into this cryptocurrency market is because they are concerned about the level of risk. Although many people will not accept this reality, I think those organizations will continue to stay out of the market if the ETF is not approved.

LogitechMouse

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Quote from: adultcrypto on November 09, 2023, 08:59:19 AM

Have we thought about what will happen to Bitcoin price should all the ETF get rejected? I don't want to imagine this but whatever happens, hold on to your Bitcoin.

If Blackrock spot Bitcoin ETF application will get rejected, price will plummet that's for sure. How much? I don't know. TBH, I'm thinking that if it gets rejected, we will experience again what happened in 2020.

Pandemic has been declared > Price of cryptocurrencies went down very hard > a few months after that it went up even higher, and that's the start of the bull run. If the ETF will be rejected, I see that the same will happen next year. ETF gets rejected > Price of cryptocurrencies will go down > a few months after it will go up even higher. Of course, this is just my prediction, but I'm ready just incase this happens.

Quote from: adultcrypto on November 09, 2023, 08:59:19 AM

There have been bull run without Bitcoin ETF and there will always be bull run even if the ETF is rejected. So even when the market temporarily nosedives if the ETF is rejected, do not panic. Once again, hold on to your Bitcoin and do not panic.

Saying not to panic to other people is very easy to say, but it's very hard to apply. Even though we are saying it multiple times to those newbies, their emotions are getting them thus, they are making some wrong decisions that make them lose their money. Holding when everybody else is panicking requires a lot of experience, and if you're a newbie, chances of you doing the same as what most are doing is high.

Holding Bitcoin when many are panicking is advisable, but holding it for a very long time is a no-no for me. At least know when to sell it.

SquirrelJulietGarden

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Quote from: Kakmakr on November 14, 2023, 12:19:38 AM

Well, if the SEC denies the application for a Bitcoin ETF, nothing significant will happen.. because those companies will just review their applications and apply again or they will opt to invest in Bitcoin directly.

Bitcoin Spot ETF applications don't appear in this year 2023 but it was applied many times in the past years. If this year, next year, those applications won't get approvals, those companies will do like you said, continue to apply again in future.

Quote

We also have the Bitcoin Halving that will also help to boost the demand and also the price of bitcoins. The conflict in the Middle East will also increase the demand for bitcoins, because investors are dumping money into investments that are seen as something with a store of value.

It is more important for Bitcoin growth than Bitcoin Spot ETFs. Many years, without Bitcoin Spot ETFs, Bitcoin still succeeded to attract new capital into Bitcoin market with each halving and bull run cycle. Bitcoin Spot ETFs are expected to bring more capital to this market but without those ETFs, we will continue to have more capital flow in this market before and after the halving in 2024.

We might have a series of approval for many Bitcoin Spot ETFs at the same time or have nothing at all.
BlackRock, ARK Invest & More: Meet The 8 Companies Racing For a Bitcoin SPOT ETF

Kakmakr

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Well, if the SEC denies the application for a Bitcoin ETF, nothing significant will happen.. because those companies will just review their applications and apply again or they will opt to invest in Bitcoin directly.

We also have the Bitcoin Halving that will also help to boost the demand and also the price of bitcoins. The conflict in the Middle East will also increase the demand for bitcoins, because investors are dumping money into investments that are seen as something with a store of value.

Just calm down..... What will be, will be.... Que Sera, Sera!

Y3shot

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Quote from: Rivaldine on November 13, 2023, 08:41:24 PM

Holding onto Bitcoin sometimes can be very difficult as the market situation sometimes isn't helping, imagine holding unto your BTC when you have to attend to another investment with a better potential, you are faced with a tough decision to make. In some cases, the other investment has more potentials to pump in a short time. Holding can be very difficult.

If you are very much concerned about the market you may not be focus about your bitcoin investment. You really need to understand that the bitcoin market is very volatile, you just need to invest and take your mind off, if you have a specific time you want profit from Bitcoin you may become disappointed. You need to understand bitcoin market that it is volatile, it goes up and come down and invest with the amount you won't be in need of it at a short time. People always find it difficult to invest in bitcoin when they expect so much from bitcoin so very fast. Understand the market of bitcoin, I don't think you will be having challenge of hodling Bitcoin.

Essential10

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We have seen a good movement in Bitcoin. From here the bull run will start or what can happen in the market, definitely the market can go in any direction. Bitcoin is standing in front of two important events, one is the Bitcoin Spot ETF whose approval date line is in the last week of January and the other is the Bitcoin Halving in April 2024. We will see many forms in the future market around this event. The rejection of the ETF may have a perspective on a necessary issue, as it may affect the price growth and trajectory of Bitcoin. Bitcoin ETF can be market defensive in preparation for approval deadlines and approvals, and can manage price to build it up. Be that as it may, Bitcoin does not effect any variation on these. Those who have or are investing in bitcoins should hold on to bitcoins so they can have a higher value in the future.

bitterguy28

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Quote from: adultcrypto on November 09, 2023, 08:59:19 AM

There is growing excitement in the Bitcoin community following the gains recorded by Bitcoin. The reason for this growth is hardly unconnected to rumors of Bitcoin ETF approval. Have we thought about what will happen to Bitcoin price should all the ETF get rejected? I don't want to imagine this but whatever happens, hold on to your Bitcoin.

that would be sad if ever but for me ? I am not just relying about how the ETF will push the market grow instead there is still other ways that the support will increase
and those are the people around us that in the future may get into bitcoin investing and using, specially in our days now that big companies are engaging and considering crypto investing.

Quote

There have been bull run without Bitcoin ETF and there will always be bull run even if the ETF is rejected. So even when the market temporarily nosedives if the ETF is rejected, do not panic. Once again, hold on to your Bitcoin and do not panic.

correct, there have been Bull for how many times yet ETF does now bringing any contribution so yes we will still have a run even denial of ETF.

YUriy1991

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Yes. It is possible and a bull run can occur even without a Bitcoin ETF and just look at the price of BTC which has risen in the near future and has risen almost to a price of $37,300 even though there are rumors that the ETF will be approved by the SEC in early January 2024.

In reality, we have to balance various factors including convenience, security and transaction costs. Bitcoin ETF Just as The Worst Way to Buy Bitcoin in my opinion. So, take advantage of them if you like and Whatever happens, hold on to your Bitcoin like OP say.

Rivaldine

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Holding onto Bitcoin sometimes can be very difficult as the market situation sometimes isn't helping, imagine holding unto your BTC when you have to attend to another investment with a better potential, you are faced with a tough decision to make. In some cases, the other investment has more potentials to pump in a short time. Holding can be very difficult.

Solokan

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Yes, in this case Bitcoin holders certainly don't need to panic and must remember their initial intention, namely investing in BTC for the long term, and indeed in the Bitcoin world there will be halvings and bull runs.

However, in reality, many people panic and sell their BTC when there is negative news, and in my opinion, in this case it is up to the person who does it because everyone has their own way of protecting their assets or managing risks so as not to suffer big losses.

In my opinion, news about Bitcoin ETFs is very influential, and you can of course see BTC price movements when there is positive news about BTC and negative news about BTC as in the past, namely news about Bitcoin ETFs.

and I don't think we will know the price of BTC during the bull run if for example there is always negative news about BTC.

Distinctin

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If you see the price of bitcoin is declining, then the more that you are going to hold longer your bitcoin because that's the best option for you to still end up profitable and successful on your investment. No need to get distracted if ever bitcoin ETFs are not approved, bitcoin price may get affected temporarily but it will eventually recover in time. We don't hold bitcoin for its approval, but we are anticipating for the upcoming bull run, the reason why we need to keep holding our bitcoin no matter what.

And if for instance we don't hold bitcoin, then the more that we need to avoid hodling those pump and dump altcoins. Because if there's one coin that deserves long term hodling, most likely it would be Bitcoin and nothing else.

Odohu

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Quote from: Luzin on November 13, 2023, 07:58:13 AM

Quote from: Odohu on November 13, 2023, 07:39:09 AM

It is important to emphasize the fact that with or without ETF approval, Bitcoin will always continue to make progress; this clarification is needed so that those relying solely on it to make their investment decision will have a rethink.

No one can be sure of that, not even you. I had such expectations, but I knew anything could happen. Indeed, in technical analysis, the curve shows almost the same movement and always repeats. In terms of supply and law supply, the development of the crypto industry, even adoption are all supportive. But I still believe that there is still a 1% chance that crypto could go to zero. So at least you have to stay alert. Nothing is certain in a crypto industry right now even though some countries have recognized crypto as a commodity.

Maybe you are few of the supposed Bitcoiner that do not believe that Bitcoin will continue to make progress. Maybe you believe Bitcoin will die someday. By the way, I hope you are not mistaking my statement for price prediction? Making progress could be in terms of adoption and penetration such as we have seen in El Salvador and Central African Republic.

Anyone in this forum who does not believe that Bitcoin will continue to make progress might not really be a believer in Bitcoin and that is unfortunate.

Luzin

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Quote from: Odohu on November 13, 2023, 07:39:09 AM

It is important to emphasize the fact that with or without ETF approval, Bitcoin will always continue to make progress; this clarification is needed so that those relying solely on it to make their investment decision will have a rethink.

No one can be sure of that, not even you. I had such expectations, but I knew anything could happen. Indeed, in technical analysis, the curve shows almost the same movement and always repeats. In terms of supply and law supply, the development of the crypto industry, even adoption are all supportive. But I still believe that there is still a 1% chance that crypto could go to zero. So at least you have to stay alert. Nothing is certain in a crypto industry right now even though some countries have recognized crypto as a commodity.

Odohu

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Quote from: Blitzboy on November 10, 2023, 05:25:25 AM

While the Bitcoin ETF is a hot topic, its important to realise that Bitcoin's worth and possibilities extend beyond this event. The whole picture counts. Bitcoin is popular due to its decentralised structure and limited supply, regardless of market swings or financial instruments like ETFs.

If we dig deeper, the ETF rejection could just a hiccup in Bitcoin's trajectory. Bitcoin has historically thrived in uncertainty. Bitcoin is a technology, movement, and new way of thinking about finance and autonomy, not just an asset. Holders understand this.

Its critical to comprehend Bitcoin's underlying ideas and long-term vision, but market dynamics and ETF approvals or rejections are also important. Your suggestion to hold on during tough times fits a long-term investment approach. Patience and a solid grasp of Bitcoin's fundamentals often pay off.

You have a very sound understanding of Bitcoin and that I commend. It is quite unfortunate that over 80% of the Bitcoin community rarely see Bitcoin beyond the price and what can possibly make same to rice. Just few people are paying attention to the bigger picture; this is the reason the issue of Bitcoin ETF dominates, Bitcoin halving and Bitcoin discussion across the community.

It is important to emphasize the fact that with or without ETF approval, Bitcoin will always continue to make progress; this clarification is needed so that those relying solely on it to make their investment decision will have a rethink.

Blitzboy

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Quote from: Asuspawer09 on November 12, 2023, 12:20:31 PM

Quote from: adultcrypto on November 09, 2023, 08:59:19 AM

There is growing excitement in the Bitcoin community following the gains recorded by Bitcoin. The reason for this growth is hardly unconnected to rumors of Bitcoin ETF approval. Have we thought about what will happen to Bitcoin price should all the ETF get rejected? I don't want to imagine this but whatever happens, hold on to your Bitcoin.

There have been bull run without Bitcoin ETF and there will always be bull run even if the ETF is rejected. So even when the market temporarily nosedives if the ETF is rejected, do not panic. Once again, hold on to your Bitcoin and do not panic.

I mean it is for sure a good move if you're going to still hold your Bitcoin even at times when the market price continues to increase, for sure there is still a lot of room for the Bitcoin market price to skyrocket and this was probably just a good start. But I dont see anything wrong if some of the traders are going to take their profit at this point maybe a little more push there some can sell their investments for around 40k$ probably not all of their holdings only a small percentage of it since we are still expecting for it to increase realistically to over 100k$.

If we are just going to base it on the past Bitcoin halving this kind of pump always happened before the Bitcoin halving event we could expect it until the end of the year probably it is probably going to drop after a few months next year. So in my opinion it's a good time to sell some of your holdings so that we can easily buy back again after 1 year probably after the Bitcoin halving event. For sure there was no need to sell if your not interested in taking some profit and aiming for over 100k$ you could just hold it until 2025 or 2026.

Holding onto Bitcoin despite price hikes can be a good long-term strategy. Your decision to sell a tiny portion for $40k is reasonable profit-taking while keeping the overall picture in mind. It balances short-term gains with long-term optimism. Bitcoin is a technology that could revolutionize our financial institutions, yet we often overlook that. Value goes beyond market price swings.

As many expect, Bitcoin could hit $100k, therefore wouldnt early sellers lose a wonderful opportunity? Selling part now may produce quick advantages, but it may also entail forgoing larger future rewards. This investment conundrum is whether to take tiny, guaranteed rewards now or gamble for higher returns later. The choice depends on risk tolerance and Bitcoin's future.

Asuspawer09

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Quote from: adultcrypto on November 09, 2023, 08:59:19 AM

There is growing excitement in the Bitcoin community following the gains recorded by Bitcoin. The reason for this growth is hardly unconnected to rumors of Bitcoin ETF approval. Have we thought about what will happen to Bitcoin price should all the ETF get rejected? I don't want to imagine this but whatever happens, hold on to your Bitcoin.

There have been bull run without Bitcoin ETF and there will always be bull run even if the ETF is rejected. So even when the market temporarily nosedives if the ETF is rejected, do not panic. Once again, hold on to your Bitcoin and do not panic.

I mean it is for sure a good move if you're going to still hold your Bitcoin even at times when the market price continues to increase, for sure there is still a lot of room for the Bitcoin market price to skyrocket and this was probably just a good start. But I dont see anything wrong if some of the traders are going to take their profit at this point maybe a little more push there some can sell their investments for around 40k$ probably not all of their holdings only a small percentage of it since we are still expecting for it to increase realistically to over 100k$.

If we are just going to base it on the past Bitcoin halving this kind of pump always happened before the Bitcoin halving event we could expect it until the end of the year probably it is probably going to drop after a few months next year. So in my opinion it's a good time to sell some of your holdings so that we can easily buy back again after 1 year probably after the Bitcoin halving event. For sure there was no need to sell if your not interested in taking some profit and aiming for over 100k$ you could just hold it until 2025 or 2026.

Dr.Bitcoin_Strange

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Quote from: Baki202 on November 11, 2023, 02:38:44 PM

It is nearly the same idea that if you look at any investment if it works out, you will be encouraged. The same is true with Bitcoin; if you have ever seen a profit, you will always want to hold. The fact is, regardless of their situation, those who are serious about Bitcoin would have heard of others' successes, so investors should take note of the fact that having a second source of income makes things easier.

What you say is true, but one does not actually need to see Bitcoin generate profits before they should take it seriously and begin to invest in it. Bitcoin has a price history and past chart, which anyone who is not yet convinced of can quickly take time and look through the price chart of Bitcoin right from when it was created and was not even sold for up to $1. Then they will appreciate the price they are seeing today. Bitcoin has had a past ATH where the price was almost $70k, and if you compare the ATH and the price of Bitcoin today, it's another reason to even buy now and hold because hopefully, in this coming Bitcoin halving and bull market, Bitcoin will surge more than the price we see now.

Timbulance

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Holding BTC no matter what

sokani

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Whenever the price of Bitcoin pumps, there's always a story to tell and this keeps the community excited. So whether the recent price surge is connected to spot ETF application that's about getting greenlight, I care less. If it gets approved or not, I still care less. It's only weak hands that would rush and offload their Bitcoin, but why rush when you can actually make four or five times of your investment during the bull season? Keep HODLing, HODLing is rewarding.

Jating

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Quote from: YUriy1991 on November 12, 2023, 09:40:12 AM

Quote from: CageMabok on November 09, 2023, 11:24:34 AM

There is no reason to panic as long as what we hold is Bitcoin, because Bitcoin is always good to hold as long as possible and without any reason. Moreover, many people already know that Bitcoin is good enough to be held in the long term as a good investment in each of our lives, but this must also be understood by those who have just gotten to know Bitcoin and like it, so that they also don't easily panicked when he found out about this.

On the one hand, in this case, maybe you are right and that is the real choice that must be made to get maximum results. Yes. BTC is a good investment and has been proven after the last hard downturn. At the moment, I think the expensive condition of gas also influences a person's enthusiasm to postpone carrying out transactions to sell their BTC assets.

The state of mempool is really one factor why we really need to postponed our transactions because the fees are very high. However, there could be some members who are into a emergency or even who rely on his bitcoin to survived and so he has not choice, despite the high fees to withdraw unless he can just borrowed money from someone else and then pay later when the mempool is back to normal and so he can withdraw.

But definitely, holding is one of the best strategy for us. And I think for my case, the pandemic really make me HODL, and help me understand what accumulating is. So I just continue doing that in this bear market, buy save to in my wallet and sell it in small percentage when we are in a bull run.

Topic: Whatever happens, hold on to your Bitcoin. - page 2. (Read 942 times)