Topic: Whatever happens, hold on to your Bitcoin. - page 4. (Read 942 times)

Holding isn't new for the most of us and we have gone through a lot of hardships and dealt with so many bear markets. So what is with these ETFs getting rejected?

We do care if they get approved but so what if we don't see the result and confirmation that we want to hear? It won't stop us from holding because we will still hold despite with good or bad news that are happening to Bitcoin.

And on this time, when the halving is near, is there any reason to get disappointed and all of the sudden to panic sell? None.

I would agree that if a bitcoin ETF does get shut down for some reason that the last thing everyone should be doing is going out and selling theirs.  This is of course called "panic selling" and is typically always the wrong idea for "investors".  It would seem to me that an ETF is now inevitable, so if it doesn't pass this coming round for whatever reason, it's only a matter of time until it does.

I think this whole ETF excitement is overrated. SEC might need it but Bitcoin don't need this. When the market need a reason to go up and boom, there is ETF rumours. When the market need to go down boom, you see big exchanges to fall. Anyone can buy and store their own Bitcoin. There is no need for funds and asset management companies for this. If they come, it will be positive, but their absence doesn't create a deficiency for Bitcoin. The best thing you can do is to keep your own coins. If you trust Bitcoin, you already do this. The funds enable people who don't have sufficient knowledge or interest in coins to own them, that's all. It's an option, not a necessity.

It's a pity if they sell now just because of the 2x profit after buying at $18K this is still too low to get the potential of bitcoin is much greater so as much as possible should remain resistant until next year or at least it has passed 2025 then it is estimated that the price is much higher above $100K.

I will not be stupid to sell now, but too complacent with the profits when this is not how, keep what I can, will not be tempted even if the price is above $50K as I said the price will be much higher.

Just hold on to your patience and practice that patience.

It cannot be denied that many people are very excited about the significant increase in Bitcoin in recent days. especially for short-term holders, maybe this is a good moment for them. But for us long-term holders/investors, actually an increase like this won't have that much of an impact. At least, for people who hope to exit in the bullish era, they will continue to hold Bitcoin tight. but there is still a smile when you see your portfolio has gone up quite well. And expectations to usher in a bullish era will probably be even higher.

But indeed, as you said, no one can predict the market 100%. Meanwhile, we have to be prepared for everything that might happen after this, there could be a market correction, right? So, stay calm and don't be too emotional when dealing with this crypto market to avoid panic.

This piece of advice is most appropriate for newbies. For sure, a lot of us have been enjoying the positive price of bitcoin but I know, when bitcoin price suddenly drop again, newbies in the market will probably panic and may resort into early selling of their coins.

We should always remember that whatever the result of this bitcoin ETF, if it gets rejected, the negative effect will not stay permanently. Bitcoin may suddenly dump its price again and that's normal. But for sure it will recover easily especially that bitcoin halving is fast approaching, so we must hold on to our bitcoin and stay focused on our goal and that is to maximize our profits when bull run is set to happen.

Holding is the key, but for anyone who have earned some profit and there intention of buying is to make some profit the recent price increase in the market is the perfect time for one to take home some profit and still continue holding some why they watch the market, selling in some point to minimize lose is never a bad idea, providing that you don’t sell below your buying price.

And if the ETF is rejected which everyone knows that the chances for that is very small the price drop that will come with such news will be of advantage to many to use and fill off there wallet with some cheap bitcoin from panic sellers, every one is not strong enough to survive panic market those who can’t will sell and those who understand the market will buy.

No need to get panic about the market,  because whatever that maybe the challenge of the market is just their for temporary,  it is not  going to last long. Hodling is always the target and this must be achieved . No need to be panic about what we see in the market when the price is going down,  when it is down it won't continue to go down, thus just a case that happens fir the moment.  Keep holding and never be in panic to sell out of lose .

Last year, probably around this time, we had FTX bankrupt/scam, that could have been brought BTC at some very low levels but, to my surprise, we market held incredibly well: of course we went down but nothing compared to what I was expecting to happen. Now we're talking about the ETFs: if someone sells now could be making the worst mistake of his life. They don't get approved now? It'll be the next time. Just keep hodling guys.

Whatever  that comes against Bitcoin  will fail.  Many have tested and failed. The one way you can fail with your Bitcoin is by leaving your Bitcoin in the custody of centralized exchanges.
Whatever has done research about Bitcoin will not panic you just have to ensure the security of your Bitcoin  is already safe and able to retrieve whenever needed.
Panic attacks are for users not in control of the Bitcoin holdinthry have. It will take a lot but you have to hold as a good Bitcoin  enthusiasts and maximalist.

Buy, hold, and sell, and vice versa --nothing has changed with this investment cycle.
Yes, whatever happens, despite the approval or disapproval of ETF, this won't affect the movement of Bitcoin as it pumps, dumps, and makes bullish without ETF. I hope this was very clear to everyone that the future of Bitcoin doesn't lie in ETF or in something that it give hype as it grows and is adopted by the community because of its profit potential.

That is why I don't care about ETFs nor bothered about them as I hold Bitcoin and wait for the bullish season to sell them.

In short, this is the advice that has been given since 2009:  fiat price volatility is pretty irrelevant, don't look at the price daily, come back in a few years and you'd have been happy.  The long term trend has been an increase in fiat price as more people recognize the value proposition in bitcoin. 

Whether Bitcoin ETFs are approved or not, Bitcoin is moving at its own pace. However, if the ETF was approved, its pace would have increased faster. I'm not worried about Bitcoin ETFs because there is a possibility of a halving next year and Bitcoin will go up. Meanwhile, the price of Bitcoin has also increased significantly and continues to do so. But this bull session will be somewhat disrupted if SEC will not  approve the ETF. Those who believe in Bitcoin will remain steadfast in their goals. So I think those who are long term holders are not dependent on any such news.

Nothing can stop the growth of bitcoin in the long term, but in the short term we should not deny that the Fed, SEC, interest rates , or ETFs will not affect bitcoin, that is not true. Bitcoin is also part of the world economy and those people are the ones who control this economy so they will also have an impact on bitcoin .
I don't know if the ETF is important for bitcoin, or whether it will have a positive or negative impact on bitcoin. But one thing I'm pretty sure of is that ETF are inevitable whether we like them or not.

Maybe there is a point in keeping your Bitcoin, I think that is advice and a moment that every individual must instill, for those who have Bitcoin and bought it 1 year ago, whatever happens, having principles is something good in the future.

Whatever the news about Bitcoin ETFs at the moment, that is not a reason for users to panic, for me there are other things that should be considered when holding Bitcoin at this time, we don't know what will happen next, what is certain is that I am sure whoever keeps Bitcoin going forward, they will be the ones who win.

Whether someone will panic or not depends on how old or new they are in the market and how strong their knowledge is regarding the market and its movements. Someone who has joined the market recently and doesn't even have much knowledge about it or its history will undoubtedly panic if they see the market declining right after they make some purchases because they will start thinking that they will lose their money once they see the value of their portfolio dropping constantly.

So, there will always be some people who would panic when they see the market going down, some of them might sell their assets but some might still hold after panicking just because they don't want to incur losses. Only people with a strong belief in Bitcoin and the market will keep holding since they know it's just a correction.

Although bitcoin can exist and grow even without ETFs and that has been proven in its 14 years of existence and development. But if we want bitcoin to become more popular and integrated into the world's broader financial markets, it can be said that ETFs are the key to that. You can look back at the history of gold and see how gold rose when gold ETFs were approved. And the reason why many large institutions and investment funds do not invest in bitcoin, and they just wait for the ETF to be approved before deciding to jump into the game. ETFs are not critical to bitcoin's survival, but their role in helping bitcoin achieve mass adoption cannot be underestimated.

Yes, people need to be excited, despite it just being a small pump in bitcoin,because there is much joy in someone seeing their investment grow. It is lovely to see the Bitcoin price going up as Bitcoin investors. The investors hardly care much about what is moving the Bitcoin price, but all they want is to see their investment grow.
 
It is undeniable to believe that it is not the news of the Bitcoin ETF that is getting close to approval that is pumping the price of Bitcoin currently, but all I know is that even without the news or any approval of the Bitcoin ETF, the price of Bitcoin will still rise when it is the right time, especially when it is the bull run period that we are expecting after next halving, and now the time for halving is now getting closer, which is a few months to go, and after we are expecting the price of Bitcoin to start moving higher after a few months that halving occurred.
 
Even bitcoin ETFs are rejected. I don't expect people to panic and start selling their Bitcoin because there is hope in the near future because of the next halving, and they have much proved that after each halving we are going to experience a bull run. So with that, I believe that people will hardly sell their Bitcoin investments, and they would like to experience that bull run that a lot of people are talking about and waiting for.

Whether the Bitcoin ETF is rejected or not, the Bitcoin market will continue to grow and there will be more adopters than there are now. I'm sure of that. So it is very unfortunate if someone sells only for short-term profits, because Bitcoin is bigger and more than just ETFs, regulations, and whatever else. Bitcoin would have thrived without all that and I've seen it survive even when it crashed to its lowest point in 2019 and hit ATH in 2021.
Even though currently the price of Bitcoin has fallen by almost 50% from its ATH, this is only temporary, I believe that Bitcoin will print a new ATH in the next few years and we must prepare ourselves for this.

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.