Bitcoin Forum

I currently am in the same state of mind as last January. BTC went up and then straight down. I have learn my lesson, next November / December I'll probably sell a few to take profit.
Plus, I am trying to be realistic here :
-There was an unprecedented bullrun to 20k. Odds are veeeery very thin that, in the life of btc, we don't see another similar bullrun again.
-Goldman Sachs exchange !
-Lightning network (dunno really if this will help btc to recover, but hey, still looks bullish to me)
-Maybe some future nice fork annoucements ?
-No more weak hands since the 'crash'

I am hodling at least until mid summer of this year. And if the price stays down, then that would mean to me that I definitely missed the big opportunity at the 20K USD ATH.

HODL

Remember the mtgox crash? It takes a while, but it was go from zero to 1200, back to 150 and up to 20k. Stay behind the idea of the bitcoin and I promise you that you will have a great future. Don't let the btc - fiat value fool you on short terms

Annd That's how you lose money.

BItcoin failed as a payment system, LN is a joke, governments cracking down. It's game over, next stop $8000 after that I see it crashing < $4000

Holding is always the best option. I have been holding for years, and the peak to nearly $20,000 made my holdings worth more than ever before, but it's nothing more than a profit on paper. In the same way, you have just a loss on paper. If you have been following the market for a while, and see how profitable these movements are, try to trade the market. One stash is purely for holding purposes (you don't touch these coins for a very long time), and one stash purely for trading purposes. These insanely volatile days allow you to take advantage of these money making opportunities, but you have to understand what you are doing, and have to be willing to trade against the volatility. If you're not a trader, then just keep holding and use these lower levels to accumulate (if you have free capital).

LOL.

"It's trading 17000 now, great time to buy"
"It's trading 16000 now, buy more"
"Wow, 15000 it will bounce soon, buy now"
"14000, very cheap to buy more"
etc etc etc

Now we're at $9846, soon at $4000. Don't believe? Just wait till the real fear starts kicking in, we're really close to that now.

I've sold my coins recently. If history taught us anything, we know the bubbles are parabolic, but the bear trends are super long. I'm not worried, it's unlikely going to go up anymore for a long time.

It's going to take a lot of new money to sustain bitcoin, who is going to put millions and millions onto some exchange now?

Bear trends are not longer in time, but are way more extreme in price depreciation. What needs to be build in 1 year can be destroyed by bear runs in 1 month or less.

There are literally hundreds of thousands of people signing up on exchanges every single day. That's who.

Yup, and the current 24h volume on kraken is 20,243.61 (yesterday ~same hour it was ~15k).

That is litterally millions and millions. :)

In this kind of situation, Holding is the best logical options, why would you dump it at the current price? It doesn't make sense at all. If someone is going to dump, it should be done when the price peaks at $19,000 and not when the price is going down. Actually this is the best time for those who don't want to missed the hype train. Accumulated more bitcoins now before you lose that opportunity. We will definitely see another massive bull run, when everything turns on our favor. You mentioned, Lightning Network(LN), yes, this could be the major factor to break from all this slump and take off once again. It's just a question on when it will be implemented. As for the weak hands, they are literally the first to bail out of the market when the price is falling. Just continue to hodl and thank yourself later because you made a good move.

You may go wrong as per what happened with bitcoin prices in previous years. Bitcoin went to $1200 in 2013 and then fell down to $180 in 2015 and then raised to $20,000 in 2017. So, you never need to worry on today's bloodbath as bitcoin prices are always tend to recover from any kind of downfall.

I am a long term holder. I preferred to hold even bitcoin prices touched some peaks from $220. I am targeting million dollar levels for bitcoins hence I am not basically bothering about in between time ups and downs.

Yeah but it is always nice to sell high / buy low few times so you can have more millions at the end :)

You are wrong, you're not losing your money instead you have an option to hold your bitcoin. Nevermind the downfall of bitcoin today because if you see the chart since the beginning you may know the history and don't panic. Holding is you make more profit.

no....btc>>>better than paper money

At this point, I do not think that forks, halvings or technical developements have to do something with price building.
It's pure psychology, mostly fear. And that is something that has to cool down. Otherwise your decisions are clouded and often lead to an unfortunate outcome.
Me, I'm a holder.
When I  know in advance that I do not sell, that saves me the decision making process and with it many troubles.

I also hodl because this panic is not worth my peace of mind. I'm now down 75% on my profits and this is still a healthy correction in my eyes. Hopefully after this we will have less moon lambo kids here as they now probably all ran for the hills.

Sometimes I just wish I was smarter in taking profits and having fiat ready when things are on sale like now. I could make a freaking killing. But then I'm greedy and think it's going to go up forever. I can never quite predict the peak. But now you can double or triple your money in coins (including BTC) that just have to revisit their previous ATH. It's an amazing opportunity.

I feel you bruh.

Wish I followed the rule of selling 10% every doubling price in December so I would have some sweet cheap coins... :(

Yes, taking profit on the way up and cost-average buying in stages on the way down. I also wish I had the commitment to follow the simple 50/25/25 rule. 50% BTC, 25% big caps, 25% small caps. My altcoin portfolio is getting rekt.

What's the problem? People make decisions based on specific situations and time frames, and as you know, situations and sentiment can change in an instant here. As bad as the market may look right now, we can be up for an increase again tomorrow, or perhaps even later today. This correction attracts capital, and this capital will soon be ready to flow into this market. And to add; people will not continue to keep selling as they will soon realize that it's just a stupid practice.

I was talking about profit and losses on paper, and not about paper money. Profit or losses on paper occur when you buy 1BTC at a certain price, and you'll see an increase or decline afterwards. In reality you haven't lost or gained anything because you still have your 1BTC, but if you purely look at the value aspect, it is then considered to be an on paper result.

correct if you have the same number of btc you have made no losses in btc.

I look at fiat on paper....as well the death spasms of a moribund system.

Who would risk going into fiat?

I don't understand your statement, Since 2013 I cash in half of what I mine and hodl the rest, Where have I lost money?

Edit: To Help with your calculations I mine about .36 - .4 per day, Initial Investment for first miners 3000USD  all btc after that

Well now I'm really fu*king glad I didn't panic sell. Panic sellers are the one who lost money.

I have also not prepared for the dump now and made the mistake of selling last December. How I wish I have left some cash or something for me to buy coins now. It really is hard to predict and catch when will be the time for us to sell or to buy, sometimes we think that we might be doing the most profitable way we can but we end up losing a good possible profit. Anyways, I personally think that this is how trading life goes, we aim to earn big but we can't earn it all.

Because you are SHORT on BTC?

People who HODL from way back in 2012 made a killing on BTC simply because there is limited supply and growing adoption. There will ever only be 21 million BTC. The only way long term is UP!

Holding right now is almost definitely the right strategy, you'll find few who disagree with you on that. Lightning network will probably actually be the biggest of the things you mentioned. Getting fees back down to a sensible amount can be huge for bitcoin as it gives it a use case again.

Right now I am glad that I've sold some of my altcoins and hold the btc earned, and it gave courage to face this challenges while dumps still on. Maybe buying another coins soon can be an options to do so that I can gain good sells in the future, and profits can be a huge amount of money. Earning big isn't that easy so we needed to screw it, and holding is the good way to do it. Never lose hope, because there's a future as you hold your coins and wait until the future rise will come.

I prefer to set my goals in terms of fiat instead of time, bitcoin can be very unpredictable just look at the past year I do not think there were many people able to predict the price could reach such a high price in such a short time, so set goals in fiat or you run the risk bitcoin does not do what you want when you want.

Agreed. These things are just people panicking because bitcoin has not really gone up that much for the past few weeks, and also largely because of the Chinese central bank rumoring to be regulating bitcoin and cryptocurrencies more strictly.

Same thing as last year, people will always panic, make the price drop around 1/3, and the price will go back up by itself and potentially achieve a new al time high. It's completely illogical to dump your coin when you're taking such a big loss.

The logical thing to do right now would probably be hold or buy, and dump when all the others are buying in.

People are reacting to government regulations too negatively. They should know that bitcoin is decentralized, and governments can only do this much to try to kill bitcoin and it won't work.

You should have sold your BTC back December because everybody needs cash at that time. There are sale and discounts everywhere so it's pretty obvious.

Exactly, fear, that's a huge part of it. Every time bitcoin increases, people praise it like a god, and when it falls, people scream crash. It's like you didn't learn anything from the market's years of history. Well I guess fuds are meant for weak hands like yourself.

The important part of what you said is that you cashed in half. That is prudent, you realised some profit. The problem is hodling it all regardless - why?  What is the point of just hodling and not cashing out and not spending and using it as a currency either. If that's what you do, it becomes a relic, like collecting trading cards or something.

Thats the spirit never lose hope for becoming rich or successful. Thats all we need the attitude of a positive person to become wealthier than before.

There's nothing wrong in your decisions to hold it because if you believe that something big awaits in the future you will take advantage of it. The point of being rich in the future will truly claim if believing to hold it for now.

Actually updating my hodling strategy and move 50% of my btc from exchange to a wallet.
Hodler manifesto ftw  ;D

Hodling is definitely the best strategy. The market was way overbought after a nice, long run up, had to correct. Crypto has more to run imo so panic selling is not a good idea. Look at all the gloom and doom in August and how far we've come since then. Wash, rinse, repeat.

No you missed the point. The PKs I hold are exponentially more valuable than the culmination of all my cash outs thus far

Nope. Selling less than the price you bought it is how you'll lose money.


I get that you are like kwukduck here. Are you his disciple or an alt? Hmm.  ::)

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Actually, people gets to decide whether they buy, hold, or sell. It's their decision after all. Your opinion is welcome but opinions are opinions. No certainty. You are just basing your claims on your own thoughts and not all thoughts are reliable. Thus, your opinion is not reliable.

I didn't fall for the bullshit and I'll never sell. Bitcoin > fiat. No amount of fiat is worth my precious bitcoins that no government can touch or inflate. The fiat price is irrelevant. People should know that by now.

What's wrong with 4000? It was $496 19 months ago

Agreed. Fiat price is the long term is irrlevant and for any long term holders you should not be bothered by the short term price fluctuations at all. It'll only make you worry more than you really should, in my opinion.

But it's still important to analyze the bitcoin price movements, since there are a lot of people out there that see bitcoin as an investment and don't necessarily have the belief you and I have in bitcoin for the long term.

But this fall is easy to predict, price is going to go back up as soon as the FUD is over. And it seems like it's either now or very soon that bitcoin will start going up once again.

I am on the same position as you, i will never sell all my coins, and not even with this market price, it is too low for almost all the altcoins at the moment.. Selling all of them with the current price would be a waste of time and money for all those who bought it higher than what it is right now.

Well those guys don't really know and trust what bitcoin can do in just a day or should they already sold their bitcoin in dip and panic. Whatever happens to bitcoin, I'm still holding into it and no big fuds can leaving bitcoin behind from anything else. Sure later there will be someone here will mock around here and wiping their tears.

You are lucky if you sell your coins at the higher price, because price of bitcoin now in the market was seems dropping down and its hard for them to recover. For the reason that some countries in Asia was banned the bitcoin, but I was not totally believe on that because article and blogs have lacked of evidences.
Maybe they need to prove it clearly because if they can't do that they can't believe that bitcoin together with the other cryptos are ban. In my speculation most of the big whale withdraw their balance and invest to the other crypto's.

People know that but many are not planning to cash out and have that money in the bank they plan to buy things with it, houses, cars and other luxurious things, I will hold my bitcoin for as long as I can but once I reach my goals I will not have any problem selling most of my bitcoin and enjoy the rest of my life with a good standard of living while the rest of the people have to work until they are old.

I am actually holding too. If i sell my bitcoin, i would probably loss though. If the whales withdraw their account the bitcoin will struggle to get high. But i know many people wanted to invest when bitcoin price is low so i will not lose hope and still hold. I hope The amount of small people investing can accumulate the whales who withdraw.

The lightning network is the biggest reason to be bullish about bitcoin, bitcoin has value not because of some inherent value or a decree of the government, it has value because of the network and the utility that provides, the lightning network will make micro payments possible again and the issues with the scaling will be a thing of the past, this is critical and it is the reason I think bitcoin could reach 40k in this year.

I still believe bitcoin have a lot of things ahead that is going to make it worth holding. Lightening network is one, which probably will brew in a lot of mass adoption. We learn our lessons anyway but I will prefer to say that if you are not so sure of when to pull out, or probably you really do not need the cash anyway, and your plan is to hold for long, then there is no need gambling the time to cash out as you may still end up being on the loosing end if the value just keep testing new ATH on and on. I keep saying that we ain't yet seen FOMOs. Your decision is pretty good though if you want to follow the past trends, but they do not always work like that as you will need the charts to make that decision.

We can always be so sure in holding a lot and lot of bitcoin because I really think it is the most stable and will not gonna dip in the zero value not like the other coins, we can say that we are making big in other cryptocurrency today but can they hold their ground if certain something happen to them not like bitcoin that have been in the same kind of situation but still recovering until now, Even though some coins are saying that they have cheaper fee, faster transaction, and more secure Blockchain I really think they all have their ups and downs and I would simply just believe in bitcoin because it is sure and trusted.

You've really missed that big opportunity last year of Dec when bitcoin pirce make ATH and that is all what we are regretting until now and now we are all expecting that it will make another ATH because most of us saying that this is the right time to buy which is right because as we can see it really drops 50% the last ATH but what if bitcoin price drops even more? We all don't really know what will happen with bitcoin.  ???

NO need to be very worried bitcoin just hit centre stage and all interested parties are seeing how stable the bitcoin market is ... I expect from February and beyond things to be okay and btc price will start to climb and if the long awaited Lightning network does come to play bitcoin will be bullish and chances of an ATH are high.

I’m also holding because if I sell, I could miss out on some huge gains this year. I don’t know if the price will meander sideways for a while or not, but I don’t want to take a chance on missing the big price increase when it happens. We know that’s going to come at some point, we just don’t know when that will be exactly.

The issue with this is that holding isn't always the best option. Holding is the best option only if you believe that after each peak, bitcoin will surpass that peak once more in the future. There will be a time where bitcoin ultimately stops going up, and that's pretty much inevitable. We just don't know when that will be.

Instead, OP use your research (which I see you do a little of just by the post and future events of BTC) to buy low and sell high. Remember, you don't have any profit (technically) until you get your money back to whatever original currency you were using. In the crypto markets, nothing is guaranteed.

That part of your post includes everything that's needed to be said about why holding has been the best option thus far, and still IS the best option in the forthcoming years due to the insane growth potential. I probably shouldn't have used the term always, because this directly implies that the market will always keep increasing, and that indeed can't be the case for ever. However, with what we have experienced in growth thus far, and with the potential growth that we can still gain, holding at this point remains the best and easiest way of getting that growth exposure.

I am with you reading the previous post do not believe that bitcoin will rise again but I am very positive that it will. Just hodl and just ignore the noise, stick with your strategy.

just let that noobs eat their words bro. Cause they will repent for sure when they noticed after a days the price jump again to the all time high valued.  And thats right ignore those noisy fuds. Lol and keep holding or accumulate to buy more while the price is gaining some strength to climb. Because this situation is temporary and indeed after this the price will continue to pump.

Good.You have did a great job.Hold bitcoin bro.You will have a bright future.I can't assure you that this summer whether the price of bitcoin will rise or not, but I can tell you that bitcoin will soon recover it's bad time and can stand again in the highest profited level..Why are you so aggressive to sell your bitcoin.Your bitcoin can give you a profit.What will fiat do??Fiat just can fulifill your needs.But bitcoin is able enough to fulfill your dreams bro!!

But yet if you want to sell them ,I'll suggest you to hold them until this year end.Because,there was a prediction made that the price will reach to an unbelievable state in the end of this year.So,be patient and wait..It will be better for you.

It is not easy to be a Bitcoin hodler (do not mix it with holder!). You have to have very strong nervous system and great patience. By the way, this video about the biggest Bitcoin hodlers can inspire those who is not going to sell his coins:

https://www.youtube.com/watch?v=0c5yGrv4Id0

So, how's that hodling working out for you? Made any money?

Holding is hard thing to do... Hope you are good with your nerves.

If I didn’t sell my stash at $19,xxx I sure as hell am not going to sell a single satoshi now.

Well that is why he is holding in order to make money when its price hit back the $20K.

The cryptop community they said is just 1% of toe total population of the world, if more than 5% is starting to get interested to invest in cryptop that $20k will be forgotten and we may be heading to $50K. But lets take it slow because people are still accumulating more money to get btc. Once there is nothing left to dump for less, people will start to sell for profit.

LOL. That's obviously never going to happen again.

Bitcoin failed, unsuitable as payment system. Governments are cracking down. It now seems with fraudulent tether it was bought up and will die hard when that scam turns out to be true. It will never recover, only die. But oh well, I guess we have different opinions. Only time will tell who was right ...

That's the spirit of a trader. You trade when you have the guts to hold  or else you won't earn anything on your investments. Bitcoin will surely revive in one of these days and those who are accumulating now will once again enjoy

very much in pity if you are not able to accumulate btc much longer, bitcoin will recover and will be able to make investors who buy in price now can multiply its wealth .. like yanf we see when december of last year, BTC will recover to price original or even more

The price on YoBit currently is 11k$ and let's be honest, thast's the huge step for bitcoin. When I joined it a year ago it costed 1k and I thought like, ok 3k is going to be max in 2017. But I can understand all those people who invested in bitcoin at 19-20k $, it is a big shock to all of them, so, HODL is the only opportunity to them and that's what they should to do.

yes of course hodling is the best thing to do. it has worked out to be the best strategy for the last 7 years, i cannot see why it won't be the best for a few more years

I'd like tout see some sources to back all that.

On my side I traded all my few xrps and eths for btc when it was near bottom to increase my stash.

Bitcoin is very unpredictable so we dont have to be on hurry or on rush. If you dont have patient on your self, maybe you will get regret at the end. It is good that you will have a good profit after even if it takes time. Worth the wait for everything. Just be responsible and put effort in every oppurtunity that you will take.

So how's that working out for you? Made any money?

It depends on what kind of time reference you are using, in the short term is impossible for the price of bitcoin to keep going up, there are going to fluctuations in the price, but if you are thinking in the long term and you look at the overall trajectory of bitcoin you see that the direction goes up, yes there are crashes but if you were to draw a line from almost any point of time to today you will get a line that goes up and that is why holding is recommended as the best strategy.

Hodling is always the safest option I think. But also, depending on at what price you purchased your BTC this might still be a great time to sell. Let's say you bought it for 1K or less, this is still a good profit (not as amazing as when it was nearly 20k, but good), now if you bought it when it was close to 20K then Hodling is the best way to go until it gets past the price you purchased at. You never want to sell at a loss.

Exactly NEVER sell at a loss ! If you just ignore it, the loss is not there !

Yeah but i get the point that btc won't be there and eventually we'll all have to sell whether btc meets expectations or not. For now though, and with the market like this, i agree that holding is the best options since i believe that bitcoin still has a lot in it and will push forward after it get through with this obstacle.

+1 and I'm sitting on quite a wad of $$$

Anyway we seem to be going back to 10k :)


And people the best place for your Bitcoin is offline, also prevents you from panic selling 8)

Why should we lose over money by seeing at low price.We are investing our hard earned money in bitcoin, so don't waste it by panic selling. The price of will increase only if you hold the bitcoin as long as you can. Now the price of bitcoin is start to increase, so we expect to reach the maximum.The price of bitcoin will cross 10,000$ by today or tomorrow ,so just hold.

For investors if they are able to hold for a longer period of time,it would be a great investment as we will see a big rally in coming years which would surpass the price we have seen this time and i am waiting for the next rally to make some profit like i did earlier.

I am sure that the price will recover in due time,we had a very big rally and that attracted the government to implement regulations in order to prevent manipulation and other illegal activities and i am certain we will have a big rally which would take use to a new all time high.

Bitcoin does have its limits and it is know to everyone who invested in it and i am sure the segwit implementation and lightning network will sort majority of the issues it is facing and we will be able to use it as a payment system,we need to enable a merchant system like litecoin recently implemented like litepay which would change everything.

Segwit only improves the situation a little bit and LN will fail for sure: https://bitcointalk.org/index.php?topic=2792933.0

Please stop spreading fud continuously. This is just boring. Plus, listing "facts" in the post you linked, without any source, won't help anyone.

Trading itself is a very risky job as markets goes up and down. Cryptocurrency being very volatile the risk is even much higher and one must have patience in order to avoid any panic selling which can turn into a huge loss as potentially after the fall market will rise more strongly than and will rise back again.

If you don't like what I say, make a counter argument. If you think something is wrong with my arguments why LN will fail, then make that argument. It's much more effective than trying to downplay arguments with simply calling them "FUD".

Right now, holding seems like the only option, trading could be a good idea to those that are very good at trading but in this market that keeps going down and that now puts bitcoin at 7k is a very dangerous market for the inexperienced trader, in fact I will not be surprised if people were getting out of bitcoin for the time being until things get better but I do not like that option at all since that will mean taking huge losses.

Exactly. Because bitcoin will ALWAYS go up. That's a FACT. A guarantee. A certainty. Nature's law. It can NOT go wrong at all!

Actually, the right decision in this total decrease is to buy, hold, and invest a large amounts of Bitcoin and other currencies but before that we should read the events of the market in a good way, especially  in this duration which are difficult  then must be purchased in medium quantities of various currencies in each event of every period.
On the other hand, for every trader this is the best period to ensure  the  financial profit in a long term because this crisis is temporary and after that many currencies will progress in a fast way.

BBBBBBBBUUUUUUUUUUUUUUUUUUUUUUUYYYYYYYYYYYYYYYYYYYY

Another bloody day.
Bitcoin already below $7000 on most exchanges.
The big guys want more blood on the streets. Be mentally prepared!
Calling a bottom now is pretty hard. But these are good prices to buy a bit.
So average in if you have some money left. Then put your coins away and don't touch them for at least 12-24 months.
If Bitcoin keeps doing what it did the past it'll definitely pay off for you.

Haven't you guys been saying that since the first dip back to $19.000? It's all I've been reading here, day in, day out "it's a great price to buy some more now!" And now we're at frikking $6750

Its phenomenal to date back those speculations with the first dips to say that its a good time to buy. As bitcoin keeps on putting that much effort to plummet well take this time as the "real" great price to buy now.  ;DBitcoin won't always go up, you are witnessing on how its moving the sideway now but still let's just give our hope because bitcoin will give us some good and nice chill after this disaster. Whoever is causing the market to be in red all day long, he needs to take a rest.

I am holding as well. Dips won't harm me, I have time to wait.
It really feels strange though. On the poloniex market depth, you already see buy orders for 2K again. It feels like ages since I saw one of those the last time. Let's just hop they will never be executed.

LOL I do not know what to think about it, I do not know if those people are being too optimistic thinking they are going to be able to buy bitcoin once again for 2000 dollars or maybe they are too pessimistic thinking the price is going to crash even harder and are preparing themselves for that scenario, but whatever the case bitcoin seems to have recovered a little and with a little luck we are never going to see those prices again.

Lol. They may have had their hopes a bit too high there. I also don't think those orders aren't going to be filled anymore. We're pretty much over the slump now and we're having minor dips that isn't something to be concerned about.

Just wanted to check up on you. Are you still hodling?

But I am holding till now. Moreover I have been holding since late 2013. Practically I am holding by keeping faith on bitcoin always high. I feel like I do not have too much options to be honest with you. I can sell right now of course, that's always an option but why would I sell when I am at a minus, if you do not need the money for something there is no need to sell it at a loss.

Yeah, there are "traders" who always support the idea that you should sell now and buy back later when it drops but I don't know if it will drop even further ? Who knows that. So I keep it, I hold it right now however not because I want to, but because I have to. I would rather sell all my bitcoins 10 days ago and spend that on something else rather then keeping my bitcoins right now but I didn't know it would drop this badly again so here I am with a lot of money that is basically vanished and will have to wait until they come back.

The idea of holding your coins despite what happens can be very profitable but only if you are willing to do it for a very long time, if someone is planning to just hold for the next six months and then decides if he sells or not, he is not really holding he is a long term trader and the cycles in which bitcoin moves takes longer than that so it is very likely that the price of bitcoin is not going to recover by then.

Man you were right on about below 4k price on BTC in the first page  ;D