Topic: Whatever happens, hold on to your Bitcoin. - page 3. (Read 683 times)

The title is really good for the content to motivate everyone to hold. I agree on this because I believe on Bitcoin long term growth and not because of the recent bullish. I’ve been doing DCA since 15K dip then sold at 30K then buy back at 25K then hold until now.

I knew that my statement might contradict itself but my goal is to increase my Bitcoin holdings as much as possible through doing small trading when there’s a clear price boundary established. Right now I’m still holding until Bitcoin creat another boundary when new resistance hit probably on 40k and support to 35k.

These are some great points here. Bitcoin doesn't necessarily need ETF approval; it'll survive without it. Yes, it'll certainly boost its price if it is approved (and probably its anticipation has already caused a spike in price); there's no doubt about that, because, as you said, it'll open up more platforms and will be available to major investment brokers. However, if it's rejected, it won't be the end of the world. Bitcoin was doing just fine all these years without it; it'll be okay. Certainly, these unpleasant news will have a negative effect on the market and probably cause a crash, but ultimately, it'll recover, as the halving cycle is coming soon enough.

If you're aiming for short-term profit, it's normal to worry whether Bitcoin becomes ETF approved or not, but if you're looking long-term, over two, three years, or maybe more, it shouldn't affect you much.

Not only the recent downturn but let's look back at the 14 years of bitcoin's existence, it has achieved many great achievements that no asset in history has been able to do.  although all of that is not enough to say that bitcoin is the best investment, it is worth trusting and holding for the long term. 
furthermore, if we are investing money that we can afford to lose and are willing to take risks for big rewards then there is no reason to be afraid.  halving is approaching, a bull season is ahead, if we can overcome last year's downturn then there is no reason to give up now.

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.

  Bitcoin is like Digital Gold it's limited and as long as time passes by it makes it more precious. You can hold it as long as you want it will remain precious. HOLD for as long as you can. The price of Bitcoin of keeps on rising as the years go by. The market is bullish now so you can expect the price to increase more. It is up to you when to sell your Bitcoin through exchanges like Binance, Primexbt, Kraken etc… if ever. Bitcoin should be looked at with long term in mind as it plays the long term game.
   In my not-so-expert opinion holding on to cryptocurrencies such as Bitcoin, Ethereum and etc. is never really risk too great because these are the two most established cryptocurrencies on the market. They are guaranteed to retain a certain price even in times of high volatility, as well as looking at all the previous data they are always guaranteed to return to new highs after a bear market. So, the best option for anyone who owns Bitcoin they should hold on to their assets as they will return to new highs. But at the same time, if you are in need of immediate cash, you should not hesitate to liquidate your bitcoin as there is no clear indication of when it will spike again for the moment now it will continue declining. And you can always buy bitcoin again in the current market at a very low price and just wait for it to spike up again.

If people will really sell their bitcoin just because the ETF(s) didn't get approved then it means the market is not as mature as I thought. Bitcoin doesn't need the ETFs, of course it's a great way to bring more money into the market but just like we made until this point without the need of any ETF, things won't change in the future, bitcoin is bigger than all that institutional stuff.

Your perspective illuminates a critical market dynamic: patience versus panic. Isnt it fascinating how elements like 'whales' cause market volatility and create a chaotic yet patterned environment? Trading psychology must be examined here. People panic—why? Definitely loss phobia. Is it also market trend ignorance? As you say, patience is a virtue and a strategy. Holding assets during market changes demands serenity and market knowledge. This is cultivated how? Education, perhaps? Continuous market trend and historical analytical learning may be crucial. Its strange how emotions influence market movements while we seek rationality. The balance between emotional response and rational approach is tricky, right? It seems sense to hold until satisfaction and profit are attained, but does this not rely on financial goals and risk appetites? No two investors' journeys are alike, shaped by their experiences.

We will encounter Bitcoin halving even without a Bitcoin ETF. Although right now everyone is focused on when a spot Bitcoin ETF will be approved or whether it will be rejected. Everyone seems to be currently busy with speculation about this. But what is certain is that Bitcoin is indeed heading towards a halving and market sentiment towards this once every 4 years event will always be lively. So the increase seems likely to continue. And speaking of Bitcoin Spot ETFs it may only be a matter of time until all applications are accepted. And I agree that being accepted or rejected by the Spot Bitcoin ETF should not make us make a decision to release or hold the Bitcoin that we have collected. Because we've even been collecting bitcoin since before there was news about a Spot Bitcoin ETF yet to be filed. So go back to our original intentions and remember our long-term goals.

No and we should understand that bitcoin does not have a big impact in the long term just because of news from ETFs alone. I have never followed the rumors about ETFs very closely and I also never wanted to believe that this relationship could affect Bitcoin in the long term. If we are one of the long-term holders holding and buying bitcoin are two things we need to increase compared to considering ETF rumors.

If you look at previous bull runs and maybe there will always be some event that can lead Bitcoin to experience a bad period in the market or vice versa. But the bitcoin cycle can always adjust to market uncertainty and when that moment occurs bitcoin will definitely experience a significant increase. Don't panic and remain calm is the key to success in investing in bitcoin and this is what anyone must believe when they are a strong investor in bitcoin.

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. The points you raised since, in times of difficulty, an investor ought to be able to rely on their income. It is not good to rely solely on the invested funds.

I think if you are an amateur in the crypto space then panic would be your action because someone who has known and is confident of the process would know that Bitcoin has continued repeating this trend over and over and this time bull run won't be any different because we are definitely going to experience a new ATH so the best you can do is just keep HODLing and accumulating.

When I read the name of the thread I expected something else. I thought OP was trying to warn us that if bitcoin's price explodes because of the ETF news, it just means the institutions will come at us harder than ever, so caution is advised. You don't want to give them your bitcoin cheap. IMO we should hold when ETF is approved because those that buy do it knowing they can make a lot of profit with it. If the price goes back to 60k and you sell, be prepared to face the fact that you're being offered scraps for what you owe. If they're buying at 60 or 70, they expect to sell at 100+, so don't be a fool and don't dump what you've been collecting for years just because someone offers you 50% more for it.

People are too short-sighted they want anything in minutes but the investment is something else. In holding you are to be very calm and show patience. The market is too volatile and everything will be happening at every time, of course, some whales set aside and spread rumors and also change the market position Sometimes they move the market up, and sometimes they move it to the downside so that the small traders will be panic and sell their BTC to save them self from further loss but what you can do and how you will protect from this. The best one is to be not afraid first and then stay calm and hold for the time when you are satisfied and giving you profit then you will sell if you need or otherwise you can hold it for some more time until bull run reach.

Why are you at a loss for words when you see Bitcoin's extraordinary reputation? Isn't that much better and makes everyone who already believes in Bitcoin prouder when new people ask you or the people around you about Bitcoin? I was actually quite happy when I saw the price increase that occurred this month in Bitcoin so this has encouraged me to focus more on Bitcoin and forget about any altcoins now even though altcoins have also increased their prices at this time.

Can you name which countries whose top officials have transferred their assets to Bitcoin? Because this needs to be known now so that there is greater enthusiasm and confidence among everyone in Bitcoin, especially next year there will also be a valuable moment in Bitcoin which might encourage more people to continue buying Bitcoin before a bigger increase occurs.

Correct. Bitcoin is experiencing rapid growth, this is the right moment to invest. While Bitcoin, in particular, has the transformative potential to significantly change a person's financial condition, altcoins have no reputation and could lose that potential at any time. Bitcoin's extraordinary reputation certainly leaves me at a loss for words.

The direction will continue to rise, in accordance with the fall of the world economy and whether the ETF is approved or rejected will have no effect at all. Developed countries' debts are piling up, many of them will shift their assets to Bitcoin.

The successful of Bitcoin ETF simply means more institutional investors will be attracted to the market as that's how they enter into a market through EFT. Not everyone's wants to go throw the process of buying Bitcoin before they can Invest into Bitcoin and Bitcoin ETF solves that problem so while ETF is getting rejected or approved, none of that should concern you because the success of Bitcoin isn't tied to the success of Bitcoin ETF. Bitcoin will keep surviving with or without them.

The increase in the price of Bitcoin should give us an idea what we're to expect when the bull market starts officially after Bitcoin halving. There won't be time to try to catch the market as everything will happens very quick so buying while the price is still at this low is the best steps to take so you don't be among those rejecting not investing into Bitcoin while the price was low. While you Invest also remember to store your Bitcoin securely in an open source hardware wallet or non custodial wallets like electrum but on an airgapped device.

As an investor you don't have to be concerned about how the market is moving as you'll be playing the long term game and profit when the price of Bitcoin is at a new ATH. Ignore the negative news surrounding the market and keep on Hodling

The increase in the price of bitcoin is a good encouragement for holders, but telling a person that whatever happens he or she should continue holding doesn't sound well to me, people can only hold and forget when they have another source of income, have you consider in terms of health, what if a particular holder is sick and there is no alternative to get fund for his or her treatment, will you expect such a person to continue holding, I think the answer is a very big no, holding bitcoin is not a bad idea but it must be done in the right way, let make it clear, am not discouraging anyone from making their personal decision.

Whats happening in the price of bitcoin right now is what make some of the investors to encourage other people to hold bitcoin for long time not altcoins because altcoins can lose potential at any time, so it good for someone to make sure that you have hold a coin that is reliable and have a good reputation, so right now people who buy bitcoin at of the time it was a seventeen thousand and when it was at twenty thousand have make a profit because bitcoin price is in twenty seven thousand in price, their is more advantages of holding bitcoin, so it's good to hold bitcoin for long term

It is big news if a first Bitcoin Spot ETF is approved in USA after many times of rejection. After having a Bitcoin Futures ETF in USA. people must be realistic to think that there will be a Bitcoin Spot ETF in USA. When, is only a matter of time!

There are more things are building to help Bitcoin becomes better in technology that is a root cause to bring it to more people. Investors through Bitcoin Spot ETFs are not regular users on Bitcoin on-chain network. They only bring money, capital in Bitcoin market but capital can be in and out, it does not stay in this market forever.

But if Bitcoin has a solid adoption growth, it will have a bigger market and value, price will increase organically, not with short term FOMO like with Bitcoin Spot ETF news.

Indeed. Why is it a big deal now? For numerous times, the SEC has rejected spot Bitcoin ETF applications. As a matter of fact, they denied all of them. Have we panic sold our Bitcoin? Did Bitcoin stop reaching new ATHs? Of course, not.

Today's rejection means a new application tomorrow and so on until such point comes when one is finally approved. When that happens, the others will also be approved. In other words, it's always a matter of when.

There's no reason to lose hope. There's already a futures Bitcoin ETF in the US. There's already spot Bitcoin ETF in other countries. There's no reason why a spot Bitcoin ETF won't get into the US market.