Bitcoin Forum

Anyone who was into crypto this time 3 years ago
will remember the run up to the ATH of $19783.

It was a wild time in December of that year, there
were big gains made and alternatively a lot of losses
where some people FOMO'd in close to the ATH
and either sold at a loss or are still holding what they
had back then.

How many had the forsight to HODL what they had
for the next bull market, which is now?

I would say, not many!

Eventhough we (the positive) have been preaching
about the long haul and a look to the future.

These times are proof that when you buy high, not panic and HODL for the future is rewarding

I don't know about the others, but people around me mostly hodl all their btc and they didn't sell during bear market. All this patience is finally paying off. I always planned that once btc reaches 20k that i will sell at least half, but now i am not so sure since end of 2021 might be like end of 2017 and then even $100,009 is possible.

So in the end i will probably  just go on with hodl.

But the bigger question is, if you hodled all this while, are you going to act like a scared bunny, and take your money out when it reaches $20,000 again in a week or two?

8)

Holding for a long term like from the last ATH is depends on every person situation. If you have enough capital and you have a lot of extra money or still have a descent work then I think you can hold bitcoin for so long no matter what and wait for another ATH to come rather than selling at lose.

I was already in the crypto sphere during the last run to ATH in 2017, but I would admit that I didn't hold, at least a good six months hold that time will yield you good enough profits. And I would say that it is really inexperience in my part by then.

But from 2018 up to now, been accumulating quietly and not going to sell, or at least if I'm going to sell it, I will be a looking at a new all time high price again. Never too late to learn from our past mistakes in bitcoin holding and investing and there are no better strategy but to HODL and continue to buy if you have still the money. At $17,500? yeah it's expensive, but what if it double in the next bull run?

Some people who buy high on ATH $ 19783 will experience a hitch when the price starts to fall and of course they all panic. There wouldn't be many who had survived the Long Hodl until now. The current price has almost reached the new ATH.

I was not one of those who bought at the highest ATH price at that time, but I have many friends who get stuck at the ATH price and then sell it at a low price to stop more losses, because I can't wait any longer.

The 2017 ATH until now, which will reach a new ATH again in 2020 or 2021, will take approximately 3 years and that is quite a long time for Hodl Panjang.
Long holds can pay off, but a lot of perks will come.

No one can ve patient to hold bitcoin when its price was reduced more than 80% . If you had had 1 million dollar, you would have lost more than $800000 during the hard time. Would you continue to hold your coin? You would have at least sell some of your coins to save the remaining capital. Even the most possitive bitcoin enthusiast could be depressed in this situation.

Holding is a good strategy. But not all holding is. Be smart with your money or you will become bankrupt.

Holding is very risky because you didn't know if the price of the coin you hold will return to it's ATH so, be smart and always take the risk. I think it's better if you hold the 50% and sell the another 50% to save even a little if your holding turn to lose.

And assuming it will return to its previous all-time-high and even more, base on 2017 and subsequent years, follows a long bearish trend. So it's really difficult, specially the question of when to sell. But I would agree that selling at 50% of your stash is good in the next bull run. And you have to consider the fact of the bearish cycle as well.

In any case though, nothing wrong with accumulation and the HODL. We all learn from the 2017 bull run so it's up to us on how to prepare for the imminent in 2021.

I still remember the time that Bitcoin was surging last 2017 but at that time, I was a newbie in the crypto space and I don't have any money too to spend on buying Bitcoin. If I'm one of the investors who bought at its peak at that time though then I will just cut loss.

Now that I know the basics of it and I know how to buy and hold it, I started to hold ever since and I'm quite happy that I got huge profits already by just holding and I know that there are some who are happy too.

If you aren't that knowledgeable enough in trading then holding would be the better option for you. Longer time frame but less risky. I'm not saying though that there is no risk in holding since crypto is volatile but history shows already that holding Bitcoin for a long time will give you profits no matter what.

The outflow and inflow of bitcoin out and in exchanges are good proof of more holders in latest weeks. It is the biggest outflow from exchanges since 2017, 3 years ago.

https://pbs.twimg.com/media/EmK5gFUW0AARrAr?format=jpg&name=large

Depend in which Exchange you use because in some exchange Bitcoin crossed $20,000
Big gainers are the believers in which They stand holding even how many Dip happens before then not like those victims of FOMO's in which at time did not believe the coming ATH.
i would say MANY,but they are just the Many people you may read here advising to Buy and Hold but the truth is they don't even buying a single satoshi.
actually this happens each time after a year of halving in which expected to be the Bull market.
but still many don't want to trust the coin instead panicking once the market shakes down.

We will feel again like in the past by reaching ATH this time maybe it will happen after such a fast movement from time to time, since the last 2 months I have started holding with full confidence at the end of this year bitcoin will reach the highest level, well we now seeing as proof this feels relieved by what I had planned before.

We have been waiting for a moment for something like this because winning 3 years is long enough we can see challenges that continue to hit, therefore bitcoin as many predictions at the end of this year and 2021 will be a bigger adoption, this reminds us that the pandemic atmosphere is able to skyrocket from economic hardship.

Hello. Patient and positive bitcoin enthusiast here. I held my bitcoin through the rise and crash. :P

Just fyi, if a certain asset crashes, you don't really "lose" your money if you didn't sell. Because in bitcoin's case, obviously, it goes back up. And it is doing that just now as we're only like $2k from the all-time high.

i started more than 6 years ago and i remember the ATH that happened before i entered ($1200) and i held my bitcoins that i started buying at $500 even though the price continued dropping and went as low as $150. i held because i was never thinking about getting rich and was never aiming to reach some arbitrary ATH. my goal is to accumulate bitcoin until we reach mass adoption.

Not many people can hold their bitcoin for a long time ago. Many of them stress to see the bitcoin price are down from time to time. But I am sure that many of them are still trying to survive because they believe that bitcoin will have a chance to increase. They believe their dream almost becomes a reality in which bitcoin price already touches $18,400, which is happening less than a year from this year. The bitcoin price will get the new ATH sooner or later, and we do not predict how high the bitcoin price can hit.

But besides hold, we can try to accumulate and earn every satoshi, so when the price can jump to the highest price, we can sell it and make a big profit. Fortunately, if you hold 1 bitcoin, it will still 1 bitcoin, but the money value will be change. So you can try to hold and calm down and enjoy the ride. But don't panic because you can't think clearly about what you need to decide.

The people,who are HODLing since the last ATH will finally have the chance to get some profits.
However,I think that most of the long term HODLers will start selling their BTC,when the price gets above 20K USD,so the selling pressure over the Bitcoin market will increase,thus there will be little to no support for a BTC price above 20K.I might be wrong.
Perhaps many traders,who bought BTC back in December 2017 and left the crypto markets with big losses will return and buy some Bitcoin(and altcoins) again.

I have to admit I failed to HODL. Because during the last bull run in December 2017 I hadn't sold my portfolio. When it was a dump then I had tried to recover my funds by trading, I mean I was an attempt to increase my BTC portfolio. But I am regret, I bought a few obvious shit coin and lost everything. Even I lost hope that will recover ever since BTC in bull mode but seems all the shitcoin just dumping and dumping.

But yes, who had enough patience I think they are gainer today. They have recovered their funds almost. I don't think too much HODLer there who had waited for 3 years.

You really can't say that because 3 years is a lot of time and imagine the business opportunity you could have made if you didn't lose a lot of money during the 2018 dump. What if you want to buy some DeFi projects that you think will pump but your money is stucked in BTC? then you'll lost potential profit.  

Selling at the peak and then re-buying at the lowest point obviously gives you the biggest gains, but is easier said than done. Just holding is certainly a reasonable strategy if you're - as most of us are - in it for the long-term, and hope to see bitcoin change the world.
My intention this time is to sell a proportion once I think it is about to peak, and then re-buy later... but I'm too risk-averse to sell it all.

said HODL is useful if your coin is a coin that has strong fundamentals, such as Bitcoin, Ethereum or Ripple,
if you HOLD shitcoin, of course you will experience a long REKT, there are still many good altcoins and have not recovered,
unfortunately altcoins are still waiting for momentum for pump.

How Ironic my friend, for me that was only an excuse, But today I believe things have changed, because many crypto investors are aware and already learned from the mistakes of the past.  because if we compared the market statistics today, at this Bitcoin price level those top-ranking cryptocurrencies should be skyrocketed by now but as we see it today it didn't happen so what's the reason? let's find out.

Many new comers into crypto world that are starting to invest for their first time their minds are so easy to get manipulated by news . Even though bitcoin had a huge dump from $20k to $4-5k after 3 years we are almost back at the same price . For a very long term investment bitcoin would be a good investment . Remember that in 2017 market cap was $850.000.000.000 and now is $500.000.000.000

I wasn't able to hodl that long due to financial reasons, but I'm not planning to cash out everything when the price goes to $20k and I'm not cashing it out now. I try to cash out some BTC regardless on the price, but based on when I actually need this money for stuff. If I could use BTC directly to buy food or pay the rent, I would do that too. I don't look at Bitcoin as an investment; I want to look at it as money, but unfortunately there aren't ways for me to use it properly as money.
I don't know what to expect from the current bull run, so it's easier for me not to expect anything. If the price goes up to $20k, I'd be glad for Bitcoin, but if it goes back to $10k, I'd also be fine with that.

This happens again and again. 2017 to now is just the latest cycle. Look at the historic price charts, but use a log rather than linear scale. Because we've had order-of-magnitude price changes over the years, previous cycles are not visible on a linear scale, they're smeared to a flat line. But on a log scale they become startlingly apparent. Each high is higher than the last, each low is higher than the last. Bitcoin is often described as volatile, but the more you zoom out to a longer-term view, the clearer the pattern becomes. Log scale is crucial for understanding historic behaviour.

Long HODL won't make an assurance that you will gain profit out of it and sometimes you may miss some good opportunities to earn. We have different experience about it but for me I find it not good.

Ill think no one can hold a shitcoins for now but sometimes we only shitcoins from the airdrop holding until become a shitcoins.
The strong coins are one of you said like bitcoin, etherium and ripple and there are some coins also are have strong fundamentals and they are belong in a top list of the market and some of them are not listed yet.

Longtime hodl is making many lose money that they would have gained if they were trading it. Some coins are just flash, they bull but dump hard with time, it goes out entirely. Trading is for those who understand it and hodling doesn't take any strategy, just to keep and hodl then wait for luck.

What do you mean? Hold bitcoin for the long term is obviously profits, even for those who bought at the last ATH could be profitable if they are patiently waiting for 3 years from 2017 to 2021. Moreover for those who bought bitcoin at $3-$4k when it plummets to the lower level after hit the ATH.
The only problem for a long-term holder is fiat currency to cover all the expenses, if someone has no other choice but to sell bitcoin, so be it.

Weak hands will always sell, they have neither the knowledge nor the experience to profit in any way - because their loss is always someone's gain. Those who invested at the very top in late 2017 had plenty of time to sell with minimal loss in January 2018, the price of BTC did not fall overnight to $3000.

When we talk about some losses, I believe that many more investors will lose everything they have by becoming victims of scams. Fake wallets, phishing sites that mimic the most famous crypto exchanges, and schemes "send me x BTC and I will return double to you" are dangerous for those that are activated only at a time when there are such pronounced price changes.

I like to believe most people that bought at the parabolic did with their hard earn money not their excess savings, so their are likely to have sold at loss in the bear market. We are likely have exceptions but a few and might have learnt the hard way. I didnt know as much on the parabolic in 2016 until the bear market and was so surprised I didnt read it, maybe I neglect or didnt believe but I know better now. It is also an advantage for any one to know earlier and prepare for it

Certainly not many, lets be honest, anyone in the situation of those who bought at the top of 2017 will definitely have some mixed feelings about what to do, some have sold around 18k, 17k, 16k,..... because it is not easy to watch your investment keep sinking and not knowing when it will recover or if it will ever will, the word 'HODL' is much easier said than done but when you have the courage to do so you will end up smiling at the end (but it is not in every cases)

Sometimes it is not just because you are not positive, it is mostly the fear of the unknown and what people say when the market is crashing that will make one to start having second thoughts, so just as the saying goes, always invest what you can afford to loss.

Reference is needed if we want to go long HODL, because the movement is still fluctuating. PUMP and DUMP will always be there and I think a lot of things are needed to really make the decision to want to long HODL.

yes, we recommend HODL if we buy bitcoin when the price of bitcoin is very expensive because we will lose if we sell it when the price drops. I think there are very few people who have benefited from HODL in the long term in 2018. I saw the crypto market price really crashed in 2018 many people sold their bitcoins because the price went down. In 2018 there was a lot of bad news about bitcoin, so a lot of people who sold all their bitcoins at a very low price, they thought it was better to sell cheap than to get nothing.

Bitcoin is a suitable investment field for a very long time. Undoubtedly it is a profitable investment. The tokens at the top always behave like that. If you look at shitcoins/token, you will see that they help us to do a lot of profitable business. Although they are the ones who have the potential to lose. It is foolish not to think of profit without loss. In a short time it can cause us to lose from profit while it can float in the sea of profit.

Long Hodl is not just about holding back for a long time, but there must be a strategy and targets that must be achieved. The eight entry and exit strategy will be indispensable. So as not to get stuck at a high enough price. The target must be determined in advance, how long or at what price it should be sold. Don't hodl indefinitely. The goal of long hodl remains to seek profit, not just waiting.

You are right. Holding is a good strategy but most of them sell their coin when its panic time. But when it up and cross the limit this time these people don't sell their coin so its prove going to greedy day by day and do not want to lose their asset but they lost. We do not use our assets or money properly because we are not satisfied.

let say that if you buy as high as the 2017 bull run and you hodl it till now because you miss the train because your expecting for more , the price is now is equal or lower than the price last 3 years ago .

 there is no real rewards that are dealt but you only waited for 3 years to recover your losses , that was not bad at all atleast you show that you have strong patience and you didnt loose yet but this time was different that last time and everyone is expecting that btc can be better than before . holding for extra long time can be beneficial now

I think this is all about how someone believes in BTC.  The time they keep on holding shows that they have the insight of seeing BTC price skyrocket in the future.


Indeed! For those who bought at ATH still waiting for the recovery of those losses but for those who bought at deep  after that is for sure at a very huge profit right now.  I agree, but we should set our sell price so that the experience that happens 3 years ago (those who failed to sell at peak or at profit) won't happen to us.

That would be a weak decision. If you hold that long to wait for the next bullrun, you would rather be waiting for longer years again to wait until you wanna retire surrounded by a pile of money. You are not going ot be scared now than what had happened last 2018 where the price plunged.

If you dumped now, you just wasted the long wait you have invested. You got to make it worth the stressful time you felt during the bear market and wait til it doubles like $40K.

Holding is only for the chosen ones ;)

You need to have some spare fiat to be able to buy and you need to have enough income to satisfy your needs so that you are not tempted to sell.

Not many people in the world can afford to be investors and not many of those have the strong will not to be satisfied by a small profit.

If you are a holder you're a 1% or less. 

I can give my salute to those who hodl from that event, I myself sold some of my bitcoin after sometime when bitcoin somehow recovered but I failed to gain profit in it instead I got a loss.

I am thinking about what kind of feeling do the hodlers feel right now about holding that bitcoin for some years since we are reaching near the ATH. Do you feel Scared? Amazed? Exited? Doubtful? I know those who hodl up till now will not sell their bitcoins until they get some profit into it so they can get a sort of reward after years of hodling.

Easy to say but not really easy to do when you are on the actual situation because you would really mainly be tested out by your patience
and emotion that you should neither panic sell and buyback in lower amounts to at least compensate on what you had lost.Its a matte on how
someone do manage his portfolio into those times yet 3 years time is a long time for you to do at least on what you had lost.
Its amazing to know that there are people who do able to withstand the test of time and do really believe that bitcoin will really make out its recovery.

   I agree, hodling atleast 50% of what you have and sell the other half. You'll never know when will its' ATH will reach those numbers again, and as expected, in few more weeks, bitcoin's value may surpass the ATH of 2017. Lets all hope for the best! Lets hodl up to Q1 of 2021.

As long as you hold bitcoin, you should not worry because even if the bitcoin price is down, the price will be back to the higher price. We already saw when the bitcoin price was down deeper to $3k a few months ago, but then the price can rise in a short time, and still increase until now. And we already saw the price can break $10k, which we are waiting for so long. The price will be back to $18k again because the price gets a green candle again, and hopefully, the price will break $18,500 and go to $19k.

I'm quite sure these people are only few individuals that have really strong minds. They did not let their emotion get ahead of them. And for sure they have some other income or money to not touch their bitcoin for that long.

My mistake on the other hand happened on altcoins, I bought at its ATH 2 yrs ago and hoping that it would pump when it's alt season.

People around you must be rich and have alternative sources of generating income because if you solely rely on the investment made on bitcoin, there is no way you will not sell part of the coin even though it is trading below the price they were bought. Anyone that bought when the price reached the peak will be poised now maybe to wait or sell the bitcoin. Waiting for more than 2 years for me is a sacrifice that deserves an accolade

Most of the people (investors) are scared of how long it would take before the price goes up, and that’s because they want quick profit but it doesn’t work that way, this requires the level of patience which most of them don’t have at all. As for some of them the case is that they don’t have the money to invest, so they have no other choice than to stay clear from it.

And for this new bull market, I have already invested. With the experience I had with the last bull market, I am able to do the right thing now, and I am sure I am not going to miss. I didn’t miss the last time and I am not going to do this time around too lol ;D.

Where's the substance in this claim that it is possible for the market price of Bitcoin to reach $100k? You have already said it; you're not sure we'll, we are all.

But if your friends held their investment for three years, that's something hard to do so and I congratulate them from doing so I'm sure many people failed to do so because of different life circumstances and not everyone can afford not having profit from their investment for 3 years. Easy to say.
Fear is expected. Those people who held for three years might just be wanting to get their money without loss and if things get complicated, they would more likely secure at the previous ATH price point since correction could again occur, which no one is certain of.

Lots of people around me predict bitcoin will go up to $ 20000, but I always hesitate to buy, always afraid that the price will be too expensive and it will drop drastically ... so I only trade short-term taking profits little by little ... the futures that are my mainstay  .

I agree that panic selling should be absent from traders, indeed, people who bought BTC for$ 18,000 today can get out of it without losses. Now the situation is repeated, I think many traders already believe much more in the bright future of BTC and we will not see as many panic sales as the first time.

3 years is a long time for some people to be hodling. They lose their patience and would rather take a loss than keep waiting for the price to recover. I always expected the price to go back up to $20k eventually but I still wish I had managed my BTC savings better. I try to learn from my experiences and I try to accumulate as much BTC as I can and resist the urge to sell out of desperation.

Actually there are many people who held to their Bitcoin longer than three years. Those are people who invested around 2013 or elier years of this technology  They kept their holdings without having assurance that its market value will be as big as its ATH and it gave them huge profit from doing so. But it is indeed hard to do so because there are many factors that could affect one's decision whether to sell or still hold, having no certainties on how will the market behave due to the natural volatility of the market prices. So as long as you can, and as long as you feel of not selling, choose to hold.

Holding up to 3 years is very long, the proof is that in 2017 there were a lot of searches on google about bitcoin, and now in 2020 more and more searches about bitcoin, I think in 2021 bitcoin will reach a new ATH, the movement of bitcoin is unpredictable but Good news and halving make Bitcoin even better to hold

You have to wait a long time to hold the crypto currency but long hold is a very profitable currency. Those who have been holding on for three years have now made a lot of profit but the price of the currency could go down a lot if more profits come.  is better to sell  you hold it for too long you will fall into loss but now those who will invest don't have to wait too long prices will rise further towards the end of this year. I like to hold on to BTC but not for long is easy to understand the price difference you can manage the market properly.

What happened in 2017 can indeed be used as a lesson for all of us, that if it turns out that we buy Bitcoin at a high price,
no need to panic and stay calm. Because Bitcoin if we hold for the long term is very profitable, the proof is now Bitcoin has
managed to rise back to the all time high price. But the problem is not everyone buys Bitcoin using extra money or money
that we can afford to lose, so very few are able to hold Bitcoin in the long run.

Hi there aoluain, three years ago the bull run failed to reach the $20,000 mark. But this year I am foreseeing that it will surpass the price that everyone is looking for. But, ironically, it could be more disastrous than three years ago. If the $20k mark has reached there are more people that are on HOLD will be pressured to SELL.

Only holding Bitcoin is safer than other coins that is now proved after 3 years later. Bitcoin has reached $18300 after 3 years. Those who hold till now, recovered their losses and they are enjoying golden day in cryptocurrency but other investors still can't recover their losses. I also losses in altcoins but now gainer in Bitcoin.

buying close to ath was an insane idea and people that do that are gutsy or have a big wealth on them because they arent afraid to loose  . they treat that critical moment was simillar to gambling but unfortunately many had go home as loosers .

 i feel sorry for them and thankful at them at the same time because they help increase the price at its last minute but others are only got the benefits . those that sell at a loss have undergone in a tought battle , supposed almost 3 years of hodling before they be able to see the recovery but sadly on few have make it this long .

I was in crypto 5years ago and I saw the slowly growth of bitcoin from nothing to becoming this. The ATH was 4 years ago in which it is in the month of the December which the bitcoin and the altcoins become bullish and it reach $19,783 and this is the most high price of the bitcoin back then, but right now there are so many reports and predictions that it will break the ATH 4 years ago and I guess it is true. It would be better if we will be just buy low and just HODL it until the future or until the bullish of the market just like this who hold so much bitcoin, they are already rewarded by the price of it right now.

I was just a beginner when the bull run happened last 2017 and I think that was a lesson learned for me not to doubt crypto investing especially when the price is still low. I have a friend who invested and bought bitcoins during the bull run and she's been regretting it until now. Everything works in perfect timing and I guess we should apply at least the basic which is to buy low and sell high and be observant of the market flow.

Holding all coins/ tokens aren't good idea specially shitcoins but if you purchase Bitcoin or top few coins and face price reduction after purchase, you can hold for longer time. One day it will recover. Today Bitcoin price hit $18000. Those who purchased in December 2017 and hold till today, now recovered their portfolio balance in Bitcoin holding. I also believe that panic sale is very bad for the growth of crypto market.

A lesson and learn for me to be honest. I miss the opportunity to accumulate more Bitcoin last year where the market is in-depth. Seeing the market status in the past days reminds me that I did the wrong choice of my life and not choosing to hold but have it sold.

Now, I decided to wait for the moment it drops back and started to accumulate more Bitcoin and wait for 3 years (or even more) before to sell because I notice that it likely the same scenarios to happen.

Its really difficult to read what gonna happened in the market in the coming months, especially if you're holding a high amount of investment it's really tempting to sell your holding at this times because it could be a more profit or the market price could also go dump and then your gonna need to wait for another 2-5 years again before the market price of bitcoin could increase or pump again in the market.

Most people could assume that the market price of bitcoin is just gonna continue to increase in the coming years just because of the supply of bitcoin and mining bitcoin more difficult than before. But it could take years or a long time for that to happened and it might not be worth waiting considering the time of investment.

But it still depends because there are so many investments or businesses that could give you more profit in 2-5years than just waiting in crypto investment.

Although I didn't expect this new Bitcoin ATH to end like this. It would seem that it is a learned pattern who buy Bitcoin to wait for this moment and overturn the price and gain something with it.
Also when the price is close to 20K and the holidays like Thanksgiving and Black Friday are coming. Oh no! it's coming again.
Sometimes it is stressful to see the price of Bitcoin but as it falls, it also increases in price, we can only be patient. By 2021 Bitcoin and crypto will be demonstrating their progress to the community where we all participate.

For me bitcoin is a long-term investment and whether a person to hold or to sell that's his or her decision, it's all depends on person scenario. Some people sold it for profit and also some bought especially in dip prices it for long-term purposes and wait for the time is right to pick those fruits of holding assets in the future. As always, panic selling will always triggers the emotions of people who bought the ATH and by doing that they will not surely recover of their losses and it's a suicide decision.  It's not the end for bitcoin anyway, there is always another opportunities will come for the price to rise again.

We couldn't judge them as we all didn't know how high the price could get at that time. Imagine, if Bitcoin surged that much and some newbies become FOMOed, even without studying Bitcoin, they will still enter as there's time pressure. We didn't even know since the RSI indicator in trading shows unpredictable trends whether it is overbought or oversold. It also happened now but IMO, their increase is quite organic and many traders already conducted their study of the market that is why even before we reached a higher price compared to 2017, many traders have already sold their holdings.

The best thing to do for this time is to wait further as we bottom to a decent market price. Entering again might result in us being trapped as the market shows no healthy progress not just in Bitcoin but also in Altcoins.