Bitcoin Forum

Bitcoin market is fiery, what should we do
Please give me advice on what to do in this market
https://i.ibb.co/xYk6s7B/bitcoin-admin1.jpg (https://ibb.co/ScjBx3M)

Buy and then hold.

That's all you have to do. Why fret if the market's bleeding? it wouldn't stay that long and that's based not only from my experience but also from others.

Yes and this is why I prefer to do trading instead of holding them. I think trading is better because you don’t have to fear such movements, as with holding, it is always risky. I do it carefully with FreshForex broker with their epic conditions from low spreads to bonuses and much more. I love their 101% Tradable Deposit Bonus (https://freshforex.com/traders/promotion/tradable-forex-bonus.html)!

if you really wanna help Bitcoin market then like what says above Purchase more and either Keep it holding or use for circulation.

what we need here is to have Bitcoin more and more so the market will grow and attract investors ,and this is what we are doing now hope you will join us.

It's always hard to give recommendations because we don't know the future to a 100%. But what I noticed this year that any drop in bitcoin price is very short lived. The price of bitcoins is very stable over $10,000. So if you can buy at the current levels and just hold your coins until next year it would be the best strategy in my opinion. And if you already hold coins, I would not sell them at the moment.

I just keep using Bitcoin regardless of how the markets look, because for me its about promoting usage and transacting of it, but the trend overtime is going to continue upwards despite small drops in the meantime, so holding is still a good strategy.

The best answer to your question will come from self-education.

Paying attention only to what people tell you in an internet forum like this doesn't seem very smart. Instead, get information and come to your own conclusions, it's not bad to take into account what other people say, but the decision has to be yours all the time. Nobody knows what is the correct way of behaving in a high volatility market but through information you can guess what the most likely correct way for you and that won't come only from answers to this thread.

Very simple. Buy when it's low, sell when it's high. Keep track of your positions so you know which ones to liquidate/ enter once the opportunity strikes.

For holders who have the money to hold for some time then buying and holding is a good thing because it will rise and will be able to make profit. Just in case if need to hold due to fall should be able to hold it and on bounce you can sell it.

The market has experienced much worse times, so what is happening now looks pretty good to itself. I will not be original, but still, I will repeat one thought. Keep holding coins.

You realize that you contradict yourself when you say that it doesn't seem very smart to listen to the advice on this forum, and after that, you yourself begin to advise while being on this forum :)

How old are you? Like, fifteen, it seems.

This is what I said:


One of these days, when you learn to read, you will realize these things on your own. In the meantime, I have put some words in bold, to see if you can see why there is no contradiction. And I'm not going to waste any more time explaining it to you.

I say be specific with coins. Not all of them are good holds.

Bitcoin is the first choice of them all.

Then next are those top altcoins that are good as a choice depending on your take with them. But as I'm telling, not all of them, in general, are good for holding.

This is a very much debatable question because for many this is not the good option anymore though it will differ from country, electricity  charges, rentals , equipment costs etc and how sooner you get ROI. Instead investing in bitcoin is quick buy and sell, get profits and sell it if looking for short terms etc which is not the case with mining.

If you bought when the thread was opened you will be happier now. I have adviced newbies within my area that time to worry about huge dump might have gone, although we have been looking at the reaction to election but I can argue at this point that pandemic didnt really that bad effect on the price like we thought. I might hold some coin into the end of the year, probably place order between $1600-$18000. I dont just believe we might break the ATH this year maybe Q2 2021

The situation turned upside down, that is the crypto market and investors should have enough patience if they want to stay in the profits.Bull run is almost on the way, let's talk positively to build the holding mindset which is important for any kind of investment to become profitable.

Now is an honest time to carry a burning Bitcoin market the epidemic has had no effect on Bitcoin. Bitcoin's price is rising by increasing the demand bitcoin's supply is restricted so it's compared to gold. At one stage of extraction from the mine the availability of such gold are going to be exhausted. But the availability of bitcoin is far less likely to finish bitcoin is an alternate digital currency. Governments or banks don't print or control bitcoin but many of us are now buying bitcoin mainly for investment purposes.

It is an actual bull run, we reach $13,000.

We're about to go to $14,000 but we're going through a correction. This is part of the next cycle and next breakthrough to $14,000. Being positive on this market is needed.

If you have no patience, you lose.

Keep it simple,buy bitcoin and hold.You cant go wrong with that.And then sell with profit.

We can conclusively say it's a bull run because the market is having small correction after the huge bump and then it increases again since the pandemic crashed the economic structure of the world. Again we are in a small correction after nearing to $14,000 in the last few hours.