Bitcoin Forum

If you want to sleep freely and be happy stay out from hodling in exchange,  and stay away from altcoins. Bitcoin survive in the bear market no how tough it will be. Only Bitcoin can make you smile while waiting for bull. Know this and know and have peace.

Many investment made where out of over excitement to make profits in crypto whenever they heard about the trending means to make it through digital network, but it's a pity that many have left their search on the appropriate coin to invest on and fall into a pit because they never look before they leap, instead of going through the appropriate channel and learn about bitcoin at first they got distracted into investment with alts, there's nothing too bad like that when someone choose to take other cryptocurrencies into consideration but by then there must have been enough resources and all it take to go for the risk therein, everyone want decentralization but never know that bitcoin is the only route to thelis while others are centralized.

There is no way people won't hold their assets on crypto exchanges, a daily crypto trader have no choice but to leave his or her coins on crypto exchange for another trading day, even if they move the coins out to their wallets every day it makes no difference, why?

- they will spend too much on gas free, sending back and forth .
- exchanges won't raise an alarm when things are about to go wrong.

The moment you make deposit on exchange things can turn sore for you. The best solution is to start using a capable Dex for trading.

NOT YOUR KEYS, NOT YOUR COINS.

Decentralization does not involve holding multiple assets (mostly shitcoins) in a correlated market. A smart way to diversify is to pick the best of different industries and niches and buy in, this way you have assets which can have varying degrees of success across different times.
I advice Bitcoin holders to experiment in other sectors, but I never advice them on altcoins or tokens to buy.

I'm not sure holding Bitcoin will certainly happy as it is also very volatile.
The volatility in cryptocurrency are so high which makes them very uncertain and it's uncertainty is the fun and business in it.
One thing you must have to know is the fact that before one ventures into any form of business, one must and should first learn the rudiments In the field before thinking of the benefits involved.
I've seen people making a living out of altcoins consciously and I don't see altcoin ending anytime soon.

Bitcoin is the best choice when holding assets for the long term, and also we should know that having to dive into buying bitcoin at the right time is also a good way to go about it.

Since Bitcoin is a volatile asset we should make sure that we have a good entry price so that we will have a good position whenever the market situation happens.

Definitely not totally against DEX's, but DEXs pose their own problems and risks — bugs, exploits, and rug pulls. I'd say overall the risks of DEXs and CEXs are slightly similar. But regardless what your choice is, only allocate a minor amount of your total bankroll as to prevent yourself from being a victim.

The bear market cannot prevent any coin from this event because any coin will surely fall too but how strong you hold in this situation then it is better and can wait until the recovery comes back, we believe in bitcoin as one of the coins without a doubt again in the future I always invest every week with the DCA strategy I never thought about the market crashing so much due to lots of fuds happening I want to focus on collecting bitcoins endlessly to continue to be processed from every routine purchase it becomes a definite goal compared to investing in other coins.

Never store assets on exchanges, because non-custodial wallets are much better.

Hello, @Pablo-wood! Welcome to our forum.

Yes, people definitely need to keep their money in their own wallets. "Just because you can store your coins in a crypto exchange doesn't mean you should." It is easy to become comfortable with leaving all your coins on an exchange for trading purposes, but I beg you not to. And there are a number of reasons why you shouldn't. First and foremost, if the site gets hacked, you'll lose all your money. Second, if regulators decide to crack down on these exchanges for any reason (or for no reason at all), they could be shut down and you'd lose access to your money. And finally, if the exchange itself goes bankrupt or decides to shut down without any warning whatsoever, you'll be stuck with absolutely nothing.

Even if you stay away from altcoins and holding strategies, you also won't be comfortable trading bitcoins with only limited knowledge and buying them at peak prices. do the right thing to be calm by buying at the right price and exiting at the right price so as not to make a profit.

If he doesn't know more, then just buy and keep, don't trade because this also requires a strategy to understand it, so even if you buy we have to realize that buying at the peak is also not the right time, for example, now is the right time, maybe for beginners who want to invest now is the time and most importantly they must understand the investment being made, don't just rely on recovery in the future because that also needs our calculations to target it.
Maybe it's better not to panic, don't be FOMO, that's what makes you stick with Hodling.

Lots of altcoins will definitely die during this current bear market, which people that invested in them will regret why they invested in altcoins, am sure some of them will lose interest in Cryptocurrency just because of the money they lose, but they don't know if you are planning to make a safe investments, then just invest in bitcoin, investing in altcoins is just like you are gambling which the chances is 50/50, either you win or you lose, but if you invest in bitcoin their is 100% assurance that you are going to win, just be prepared to hold for long term.

Also if you are also holding your bitcoin, make sure you don't leave it on exchange, just buy on exchange and move to your non custodial wallet. We have seen different exchanges that have been hacked and the recent one that just happened, I believe all of us should have learn lesson from that.

If you are a trader you don't have a choice but to leave some amount on exchange since it will cost you a lot of money if you keep depositing an amount if you want to trade on daily basis.

But to avoid getting stressed with it and get worried about possible hackings or exchange scamming just make sure you left a small amount and also always practice to withdraw what you earn for the day so that you can make sure what ever happen to the exchange you already got your profits out there.

The majority of people prefer to buy altcoins, however most of these alternative currencies will not survive current bear market in comparison to bitcoin. If you want to earn from your investment right now, Bitcoin is the best option to consider. When it comes to exchanges, consumers will not entirely give up on holding their money on an exchange. What is happening now, in my opinion, should scare people away from holding their assets in an exchange.

FTX has taught so much lesson to the crypto community. A friend told me why he preferred having his coin on CEX is because of the ease and low cost of swapping coins on CEX compared to DEX not minding the high risk involved some persons might just have to witness this collapse of top exchanges then become victims themselves before  the will decide on avoiding CEXs.

Some altcoin will still survive the bear market but shitcoin definitely won't the bear market will wash off the noisy projects,  to keep it simple for non technical or fundamental analysts Bitcoin comes with rest of mind and good peace

it all depends on the psychology of each person is different. sometimes some investors do have anxiety about what is happening in the market. which of course will affect the market. although the investment planning is done will never be disturbed.
After all, not all altcoin investments are bad. Bitcoin is indeed a good choice, I agree with that. but some investors have proven that investing in altcoins will also provide benefits. but of course, it depends on the potential altcoin we choose for investment planning.

If our goal is for long term investment with lower risk, there's no mistake, Bitcoin is the only choice that can make us calmer. However, this will also depend on each person's personality and emotional control. Sometimes, someone hopes too high and is not ready to take risks. One of them is when the market suddenly crashes because of certain FUD, and finally he is stressed because their Bitcoin portfolio has dropped dramatically. They think they have lost their money and panic because they hope to get rich quickly. Even though they won't lose their money as long as they still hold the Bitcoin and leave it until the price rises, especially in the bullish era. But if they panic and sell it outright, yes they really lose the money.

Suddenly, everybody has become sagacious on not keeping coins on exchanges. You guys advising this forget that it's not possible for traders not to leave coins on exchanges. Perhaps, what should be advised is for much coins not to be left on exchanges. Except if by that advice what is meant is "investors". There must be readily made available coins on exchanges for traders to execute seamless trades, otherwise they will have to always send coins to exchanges each time they want to trade. Who does that?

This isn't entirely true. Go and ask those who bought Bitcoin at its last ATH of $68k+ and feel their pulse.

I agree. It's nice to hear this from a newbie. I hope you are living this advice of yours. It may also help to spread this very simple yet very important strategy to your fellow newbies in your local crypto community.

If I may go a little further, though. It may actually not be enough that you HODL your Bitcoin out of centralized exchanges. Take it out from any custodial services, from any wallet where you don't solely control your private keys. Take it out from closed-source wallets as well. If possible, HODL them in a cold wallet. That's the safest option!

many investors buy bitcoins as a long term asset and they don't care what happens in the market. because they know that bitcoin will remain bitcoin that will never be disturbed by any situation. and we all know that bitcoin always brings the best in the future.
so for this kind of market situation more people will buy bitcoin and hold it in deep sleep without thinking about fear

Maybe for some who bought bitcoin at cheap price they are relax and contented but foe those who bought at high price, see how their investment tremble now. Some might sold at a loss just to get something back but of course, risk is associated with this, sleeping can be achieve even without looking on prices itself but just stat calm and watch it recover.

Exchangers are just a tool that can be convenient to use, the main thing is to follow the rules and not store your coins on the exchange, as well as not send large amounts of your portfolio to exchanges, so as not to create unnecessary risks for yourself. Altcoins are the same hanging risks, so it would be good to avoid them, or just allocate a small percentage of your portfolio to them.

For anyone that want to make a long time investment plan in cryptocurrency then Bitcoin is rather the best pick for a choice to such plans. Cause despite the market outcome in the future the sturd nature of Bitcoin over the years will never change cause the value will always appreciate at a point.

If you want to get better security out of the experience, you'd better own your Bitcoin rather than keeping them in the care of a centralized service. Don't buy into "better technology" or any other such buzzwords that may or may not have their basis in truth. A decentralized, peer-to-peer money like Bitcoin should only be used if you're willing to take responsibility for your own security. If you're not willing to do that, then Bitcoin is probably not for you.

A bad experience with CEX (FTX) taught me one thing not to keep funds in CEX for too long, until now I still haven't got the assets that I have withdrawn from there. DEX is the best place to exchange crypto assets and a personal wallet is the best place to store crypto assets for the long term.

This is a lesson that many learn too late, unfortunately.
I remember a friend who invested in bitcoin and held it in an online, web wallet. I guess he went to a fake site once because all the crypto funds he had in his wallet were stolen.
This happened just a few days after he bought bitcoin and opened that wallet.
After that he was angry and said that bitcoin is not for him, that he will not invest in crypto anymore.
Unfortunately, there are a lot of cases like this, and that's why we have to always teach and warn new users to be very careful about the security of their crypto assets.
Only the minimum funds necessary for trading should be kept on crypto exchanges, using all available levels of online protection, and all other funds should be kept offline. I personally use Ledger for this purpose.

The important thing is before you invest in crypto, you have to research so you don't choose the wrong coin.
Indeed bitcoin can make us smile while waiting for the bull but remember that many people still cannot sleep freely and are happy because they are still thinking about the ups and downs of the bitcoin price.
Those who buy at $18k-$20k won't be able to sleep well, considering that the price they bought was high compared to the current price.
But if you are ready with all the risks of investing in crypto, you should still be able to sleep well because you know that the coins you have will surely increase in the future.

This current bear market is going to help the crypto space, it's going to wipe off some shits coins, atleast we will be able to breathe fresh air in crypto space again once the bull run start. Crypto space is just full of altcoins which most of them are shit coins, scam coins and pump and dump coins, must of those coins will die in this current bear market, only the strong altcoins is going to survive the bear market. But if you are still planning to invest then we should all invest in bitcoin, no altcoin can be trusted, any altcoin can fail us at any moment, so it's better we just invest in bitcoin.
Am sure not everyone will withdraw their money from exchange, some people haven't expressed exchange hack before so those once won't listen because they don't know how it feels to lose all your investment to exchange hack.

Not panicking and being able to avoid FOMO certainly requires good self-control so you don't fall into this trap. Now is indeed the right time to start buying because the price drop from the last ATH was around 75% and this is a very drastic drop. If you don't take advantage of the current opportunity, whether or not there will be a bitcoin price below $20k in the future. buy and hold might be more helpful to get maximum results.

If we are to consider the impact of what the centralized exchanges had created both the good and the bad i think the bad that has rendered many into penury is much higher when we consider the amount worth of assets involved, there are some actions and decisions we engage doing sometimes without knowing the consequences that may comes in after it, this kind of error is what we believe to be common with newbies but an experienced cryptopreneur shouldn't consider his decision to invest on other cryptocurrencies as a means to denied him of right to happiness but it's also what he has signed to happened from the start his investment.

One can never really do without an exchange in the cryptocurrency industry. In the phase of not having a global adaptation of cryptocurrency, exchanges have been one of the ways to ensure proper utilisation of our hard earned cryptocurrency and investments. It gives you the opportunity to trade it against other cryptocurrencies and fiat as well.

Given the usws cases of exchanges, its not entirely easy to just not want to leave your coins online at some certain time. You tend to look a the charge involved in trabsfeeing this coin back and forth which is worst most especially when transfeeing from exchanges to wallets so, people tend to believe it would be safe and leave it but, you never can tell when the danger would come.

Understand the danger and minimise the risk.

One cannot do without an exchange if they are traders but, another can stay without exchange and use them any time he wants to change a certain currency, he owns, to bitcoin or Altcoin. I think Op made a good point for newbies to adhere to and learn. To me exchanges remains a hub for swapping currencies and after every transaction I leave some fragment of the coins which I won't, in anyways, be bothered to lose.

To be fair, there's no reason to stay away from exchanges, as you say it's just a tool to make it easier for us to buy, sell or exchange fiat. In essence, as long as you never leave your assets on it, and always withdraw everything to your personal wallet at the end of the trade, there shouldn't be any issues for us.

As for altcoins, those are extremely risky investments, for those who do not have enough knowledge and do not like to take risks, it is best to stay away from them, do not touch them.

Don't blame others when you lose, the decision is yours, no one is forcing you to do anything, no one is forcing you to put your money on the exchange or invest in altcoins.

Bitcoin has a certain risk where the price is highly volatile and not everyone can accept it, there's many people who say they're fine to hold for a long time with Bitcoin, but when the bear market happen and there's few shitcoins are pump by manipulation, they will convert their coins to that's shitcoins. It's hard if they can't learn the meaning of holding and make sure you're only invest with amount that you can afford to lose, don't take loan to invest Bitcoin.

It will be a whole different feeling when people are put into the actual circumstances. It is beyond control when these newcomers lose the excessive value of their money or when they find shitcoins that are pumping. We can only count newcomers that are keeping their Bitcoins in hard wallets, the majority always keep them in centralized exchanges like FTX and Binance.

In order to abstain from the emotional effects of pumps and dumps, keep Bitcoins in our hard wallets and forget them. Only people that are financially immature will borrow money or apply for loans to invest in Bitcoin or anything highly volatile and risky.

Most traders know this but only a few of them practice it and that could be because Dexs aren't as voluminous in trades as Cexs. Dexs don't have more options to trade from. Traders like options but when these options are limited (or restricted) they tend to move away to where options are readily available like plants to source of light. Perhaps, may be Dexs will begin to expand now and incorporate more tokens to trade from going forward.

It's often never a problem until it poses a challenge. That's just how it is and have always been around things and it was only a matter of time before it fully materialise in the cryptocurrency industry.
Exchanges aren't wallets, they've got wallet addresses but they aren't wallet and treating it exchanges as though they were wallets is some wrong application of the system. There isn't anything strange about this but, haven't experienced it creates no real threat but people have got to understand now. It's not always going to be about hacks, but some CEOs selfish interest is another thing to contend with too.

but whereby you want to spend money in this Christmas and you need to cash out money from the exchange, what will you do? Won't you tourched funds been saved or hodling? Hodling is a very good idea but don't starve yourself because you are hodling.