Bitcoin Forum

There has been several occasions of people saying buy and hold without consedring the negative effect it has impacted on many people live. Lets take for instance, when bitcoin was at ATH of about $69k somany people bought at same price expecting it to hit $100k and above while some baugh at the price when it was 40, 50, $60k conservatively. When it was going down to even $20k people keep on holding. Now it's about 2 years since bitcoin fell and never meet up with the price they baught. And they are hoping it comes back after losing huge amount of money. New investors are are taking advages of it while the old investors are regretting.

So I sudjest sometimes if the market is going down beyond bearable measures, there is need to swap your BTC to USDT to keep your capital safe in other to buy back when it is going up to avoid loosing some huge amount of money.

So what's your sudjestion on this.

Wait for some months and bitcoin will reach all-time-high. That would likely be in 2024/2025.

For those that wants to invest in bitcoin, they should make research about it and study the historical chart of bitcoin, halving and how the price of bitcoin may go up after halving.

But those that do not make any of such research in the past will not still regret if they are able to hold their coins and not sell.

If we talk about long term holding, we need to see about the performance when it's still a nothing to present. The simple logic is Laszlo bought 2 pizzas with 10,000 Bitcoins in 2010, now we can buy 1800+ pizzas with 1 Bitcoins.

Yeah we can't wait Bitcoin price to back below $1K anymore, but with the scarcity and other utilities that Bitcoin has, it's really make sense for people to hold for long term.

It depends on each person perspective, if I only talk about gambling I could say just buy any random meme coins and you will double your money in a day.

Bitcoin will still exceed its all-time high what I don't know is when this will happen. That's why it is vital that you focus on long-term investment rather than short-term so that you can always wait till the price gets to your target. I still reiterate that Bitcoin will get to $100k. In order to reduce the risk of keeping Bitcoin, it is advisable to use the DCA strategy to buy your coin. This investing pattern will help you spread the risk of your investment because you will not suffer the same loss since you didn't buy at the same price. But OP you failed to balance your position because there are also many bitcoiners that have become millionaires because they held the coin for many years. I don't think swapping BTC for USDT is ideal because the latter is centralised so keeping it for a long time is unsafe.      

My suggestion to those who haven’t been around a long time or don’t understand WHY Bitcoin is valuable is this… Think of Bitcoin like a subscription service or a union. You pay your dues monthly (stacking coins) to be a member and in turn you get to be a Bitcoiner. When the shit hits the fan you will be protected and have the ability to spend. That’s what you’re paying for. Talking about trading to get rich is like saying you’re going to keep cancelling and signing up for Netflix to get rich. It just doesn’t work that way.

Jeremy Sturdivant might be in good position right now. who knows if he holds the Bitcoin in his custudy up till date.

It's not possible to go below the $1k no matter how Bitcoin falls

Like it's easy 😀 do you think gambling is a easy?

Nope, he sold the 10,000 Bitcoins for $400


Correct, but there's a possibility Bitcoin price will reach $1 Million or more. We might not make 5 Millions% ROI (https://coinmarketcap.com/currencies/bitcoin/), since I trust Bitcoin I believe Bitcoin is still the most promising and safest asset since mass adoption not yet achieved.

It was a sarcasm, only dumb people gamble to earn money, however this discussion should be in gambling board.

For many, the "HODL" mantra has been both good and bad. It fits with the Stoic idea of "weathering the storm of volatility," but its not always the smartest thing to do financially. The emotional ups and downs from the high of $69k to the low of $20k show how unpredictable the market is. A fluid plan is important, in my opinion.

Definitely, if the market keeps going down, it makes sense to protect your gains by switching to a stablecoin like USDT. Its about finding a balance between the hope of a recovery and the harsh truth of market trends. Your idea makes room for a plan that needs both alertness and quickness.

I believe that you should always have a way to get out of something. Not only do you need to know when to enter, you also need to know when to leave, even if only for a short time. Its not about selling in a hurry; its about keeping your money safe in case of a big drop. There might be a halfway ground between people who are HODLing and people who sell as soon as they see trouble coming.

When you hear or read people suggest to buy, it is because that's based on our experience that the price no matter what happens will eventually recover and rise.

Now, those that are in the phase of regretting and didn't managed to maximize the situation especially during the bear market. The lesson is there and all you need to do is to think of what you can do right now with that.

If you buy at this rate, the same scenario you're going to think of it and have your mind stress with the same thoughts.

The important matter to be learned here is, how long you are willing to stay on this market? Because no matter what price targets you have, the market is going to continue and it is no other direction to go but to go up and increase its demand as year pass by.

IMO, holding is still the best choice.

This is a lame excuse, holding is still the best option.

Before you start buying any assets even if it's not Bitcoin you need to know when to buy, you can't always buy when the market is fully in green, where many are already waiting to dump on new comers like you, lack of knowledge is what's affecting you right now, open your eyes.

The best time to buy any assets is when no one have interest in them, you want to get there when many people are getting out and don't want to buy, that's why we all target the bear market as this thing is when panic and bad news take over the space, it's also when Bitcoin hits a new lower price, this is where you should be buying.

Those who bought at the top have no clue about Bitcoin or they believe that Bitcoin was going to $150,000 or $1000000 like some people are speculating in 2021, this made some people jumped into the market, lack of knowledge will make many people to repeat the same mistake in 2024. Learn to understand how the market moves or risk becoming one of those people.

What do you mean by long though? What is the timespan that you're talking about that you consider to be long? Because time is relative for anyone and our definition long is a variation so I just want to ask the specific length of time. Maybe this kind of mindset of being afraid to hold your bitcoin for a long period of time is probably rooted in the fact that they're probably too focused on their bitcoin investment in that they don't have any other means to make money so they try to get profit at a short-term to sustain their daily needs.
I would agree with you about the union part though, your contributions will eventually pay off because you know that they're going to have your back. Subscription though, I feel like that's not how bitcoin is, subscription doesn't imply that you're going to get anything back out of your subscription fees from that services, bitcoin is more akin to a doomsday prepper saving tons and tons of salt, it might look stupid now but when everyone has a bland meal when the apocalypse happens, salt will be worth more than gold.

Do you really think it is safe to sell BTC for these so-called stablecoins, if it is a known fact that most of the so-called stablecoins can be frozen/seized regardless of the wallet it is in? (https://bitcointalk.org/index.php?topic=5204055.0) What you advise is only part of your problem, because if you don't want to have BTC anymore, sell it for fiat and turn it into cash as soon as possible.


I advise that all those who have elementary problems with finance and mathematics first learn the basics, and only then get involved in serious matters. Every investment is a serious matter, not some child's game in which a small amount of money magically turns into a big pile, and all this while you sit in front of the computer and do almost nothing.

By the way, it is correct to say suggestion.

Consedring the volatility of bitcoin and how expert explain BTC future, do you still believe in buying when it's deep or keep on a accumating? Because judging from your statement you are talking of trading. It's only a trader that always invest ehen the market is red.

Why do you called it a lame excuse if I may ask ? because my thread is base on sudjestion. I never said one should not hold, but strategy to reduce the risk of loosing more. Although my topic might give you the inpression but not what you think. Here is a place to learn not a place to abuse.

You proved with your post that long-term holding is the best option. It's funny how you really proved the opposite of your opinion with your arguments.
69K USD was a bubble, right? When you buy during the moment when bubble is about to explode, this is your fault but long-term, it's not really a fault that costs you a lot. There is a halving in less than a year, what do you think, won't it reach 100K and higher? It will, I am 100% confident about that. While my confidence doesn't drive price, there are many reasons why it will happen and the blackrock's involvement in it is a huge drive alone, price went rom 26K to 36K and it's not halving yet.

It may not be an option for you or to other people especially if the amount they hold is just small since they can only get low profit for doing that. Unlike if you have huge balance at stake for sure once there's a bull run will came at projected figures will get hit then for sure with that you can earn a lot for holding your bitcoins for long months or even years. If you only have small fraction of bitcoin them maybe try to multiply it so that on next time that there's same event like the Bull run speculated by other people we can participate and have a good earnings when new set of price has been hit. Also we need to understand the market that there's no always up with it and we should learn how to secure our profit once price of bitcoin reach for its new ATH recorded. Since if we came late for sure we will just end up picking up some small pieces while bitcoin is starting dump.

I must say that I share your opinion, and my resolve is that no one should be a blind investor, we should rather be speculative than be copycats that invest only based on people's sentiments. I've mentioned before on the forum what you narrated about buying at a high price and still holding, and this is not a lie that some would have still been in many losses due to this. What I see here is that people are ill-informed and are blind followers and I even saw some of them offline where they might be at a bar or at a salon discussing Bitcoin. It's in this condition some people advise others to buy Bitcoin when they themselves do not understand the coin at all but are just fortunate to have invested at the right time.

My advice is this, do not just be a blind follower, be you, learn about Bitcoin investments and know how to interpret the chart accurately. The weekly and monthly charts should be able to guide any serious speculators well, and then moving the coin to USDT/USD might be the best option during a confirmed bearish market for the traders in this category.

However, that's for those with a light Bitcoin investment plan. For the real Hodlers, they continue to hold come what may in both bearish and bullish seasons.

Going back to the beginning, you should use an amount of money that won't ever impact your main finances. If you've been consistently using DCA and your hand is still strong, you should have achieved a low average buying price by now, right? Besides, bullish trends don't happen every day, but they will happen for sure. A new ATH will form someday, but no one knows when. Everyone hopes for good news in the next halving. Let's hope for that.

If you've made purchases at $69k and consistently buy BTC every month, have you ever bought when the price was below $20k? That would surely lower your average cost, right? Are you experiencing a 100% loss? Definitely not. Just wait and see.

There are more successful stories of investors from the past who bought bitcoins in its early days and reaping the fruit of their patience right now because they sold it when the price was at An all-time high. That means more people are encouraged to invest for the long term rather than making it like a gamble where they sell some of their properties and invest in bitcoins waiting for the price to rise over a short period. while this is not a totally bad idea it is too risky rather you should just invest with the money you can afford to lose and let it be there until the price of bitcoins spikes again to the top.

Just follow the 4-year basic cycle. You do not want to sell before August of 2025. It worked for the last 4 cycles and it will work this time too. No need to use any other calculations or buy some stupid signals. HODL is the best way one can get the most out of their Bitcoin stack. No way you can make huge profits by trading with Bitcoin. Not possible, I have tried that earlier. I am glad I was able to buy at a sweet price spot of $18k and I am already 2x my investment.

If they bought at $69,000, they must do it with reasons like they believe Bitcoin will make a new all time high, higher than $69,000. If they hold, they must have reasons to hold it.

The challenge for them is now, in 2023 and only 6 months till halving, do they still have same belief and reasons to continue holding their bitcoin?

If their belief is the same like 2 years ago, they don't have painful feeling now. If you can not hold, you can not get rich but it is not enough. To hold and get rich successfully, an investor must pick a correct asset. It is not correct choice if they pick altcoins but it's very smart and correct choice to pick Bitcoin.

https://pbs.twimg.com/media/F97x66IawAAsuUC?format=jpg&name=900x900 (https://twitter.com/therationalroot/status/1720079798104621485)

Yea with this your analysis I think you are correct. But it will only take time to achieve that.

This depends on each person, there will be people who will accept to cut losses at a certain price if the price drops beyond what they think, and then they can also look for a more suitable price to buy back to optimize their portfolio. But there are also those who accept long-term holding and continue DCA every time the price drops deeper. I think any option is reasonable depending on each person's plan and the amount of capital they have.

this is what bugs most investors

a lot just wants to hop on the trend while some wants to get off of it as soon as possible once they see the price drop even a little bit

what’s the most important is to gain knowledge read and learn about how a market works, when to enter and when to exit, what are good indicators of bull or bear markets you have to be early in buying but not too late when selling

never be filled with emotions when investing you might suddenly buy a coin once you see it gaining value because of fomo but then once it drops you hold on to it for too long but never reaches the value you bought it for this might be the case for altcoins but since you used bitcoin as an example just look at bitcoin’s history and the cycle that it has followed for years now

Everything that has advantages also has disadvantages, and the truth about anything someone wants to do And that is why we need knowledge to know more about their advantages and disadvantages. As for me, after my research, I think that holding Bitcoin for a long period of time is more advantageous than disadvantageous, and when they talk of holding Bitcoin for a long period of time, I don't think they are suggesting just hodling it for less than four years before halving, which always occurs every four years. I believe when they suggest holding for a long period of time, they are suggesting holding for more than four years so you can witness one more bull run.
 
Assuming you have been holding Bitcoin for over 12 years now, will you be making a good profit or not? Surely you will make a good profit. So when you hear people say hold for a long time, it does not mean years short, like two or three or less. You need to do your research and know the reason why they are saying that. The bull run is among the reasons why people are suggesting that holding Bitcoin for a long period is the best because that is when the price always moves higher.The bitcoin market is unpredictable, and the timing market sometimes will never pay because of the price fluctuating. Are you telling me that when the price is going up, we should buy, and when it comes down, we should always sell? That can even make you continue losing your money. What makes some people think of converting their Bitcoin into USDT is when they are panicking because they invested what they couldn't afford to lose but when you invested what you can afford to lose I don't you be that panicking.
 
The bitcoin market is unpredictable, and the timing market sometimes will never pay because of the price fluctuating. Are you telling me that when the price is going up, we should buy, and when it comes down, we should always sell? That can even make you continue losing your money. What makes some people think of converting their Bitcoin into USDT is when they are panicking because they invested what they couldn't afford to lose but when you invested what you can afford to lose I don't you be that panicking.
 

I sudjest no matter what, you still need to hold your coin. many people have already started the reason behind what would make you hold. When talking about bitcoin holding, we presume a long tern of about 10years or more.

If you have money just continue buying bitcoin. So that you will recover when it's get to ATH or more

Did you know in the evolution of bitcoin it was worth next to nothing  (https://www.forbes.com/advisor/in/investing/cryptocurrency/bitcoin-price-history-chart/#:~:text=What%20Price%20Did%20Bitcoin%20Start,a%20value%20of%20%240.0009%20each.) bitcoin value started at less than a dollar but today we have it currently at +36k with a $69k ATH,. What's giving you the fears that it won't go above the ATH again. Did you think the price got from nothing to $69k within an hour, a  day or week? No! It took years with variations of historical prices in each year and the classical way to make profits is by holding long and accumulating with each dip, for with the institutional adoption and utility bitcoin has its impossible for it to go zero like a shitcoin.

I've been there, albeit in alts, had it been btc I wouldn't regret it as much. In previous bull markets I held alts for too long that either they went dead or significantly down to never recover again to their previous heights.

What I said happens with alts and not with BTC that's good thing about it.

Hindsight is 20/20. Predicting the market is a tricky game, and everyone's got their own strategy. While some may swear by the HODL mantra, others prefer playing it safe with strategic moves like swapping to stablecoins when the market gets rocky. It's all about finding the balance that suits your risk tolerance and financial goals. As a Bitcoin believer, I consider it a good long-term investment for being well-established and has support from the community.

As for gambling, I don’t view Bitcoin investment as a form of gambling, well, easy come, easy go, right?

Each person has a plan. If there are investors who have bought Bitcoin at $69k, they may have bought it because they were in a hurry to see the price of Bitcoin increasing rapidly. They buy it because they don't want to be late in taking profits. But unfortunately, they were too late because the price decreased and was at its lowest price.

However, some investors sell their Bitcoin when the price starts to decline and wait for the right moment to buy Bitcoin again. They will usually wait until the price of Bitcoin reaches its lowest price. Maybe they are just guessing where the lowest price is. And most people start investing in Bitcoin when the price starts to move up. Maybe more people will start investing in Bitcoin when the price reaches $50k.

Even though they had been given the opportunity to buy Bitcoin since the price was at $15k-$17k, but they didn't start buying it because they were still worried that the price would fall further. But when the price was at $20k-$28k, they didn't buy it and even now, they haven't started buying Bitcoin. So far, holding Bitcoin for the long term is still working well. We have seen it happen and it has provided huge profits for many people who have made Bitcoin their long-term investment.

Correct. We don't know what everyone thinks, if someone deliberately buys Bitcoin every month and at any price with long-term investment goals, it doesn't matter, he also buys using DCA every month. However, compared to cutting loss and then buying at the lower price, it is also good. This decision only they are capable of making. I myself have also bought Bitcoin at a price of $20k and then Bitcoin plunged, I didn't sell and just kept it. Then I bought again when Bitcoin was at $7k until now I am still get the profit

If the market is going to move around all time high in a bull run, it's not good idea to DCA. I know we can not find an all time high or a bottom of each market cycle and we only know about those prices after they appear a long time. We know about all time high when bull market gone and we are in a bear market for a while. We know about a bottom when a bear market gone for a while and we are in a new bull run.

Stop DCA when you think price is too high, greed is too high and you can wait for bear market to DCA in order to maximize profit from DCA strategy. From all time high, Bitcoin usually hits its bottom after 80% correction.

But on the contrary, I think holding and not swapping isn't a very nice idea and let's say, someone bought $100 bitcoin at the price of $65k before the price started dropping, will it still be wise to hold and watch your money get liquidated, because there is no way some one who bought $100 bitcoin at its ATH wouldn't get liquidated when the priced dropped to $16k and I think I stand with the opinion  of the op that rather than watch your funds get liquidated,  it would be be better to swap to a stable coin while watching the market so as to stay in a safe space.

What I'm trying to say is that,  the higher your capital, the safer you would be and people who suffer most are those with relatively very small amount of investment.

This is a good suggestion. What I did a few years ago was a mistake, although it was still profitable because in the next bullrun circle Bitcoin was lucky to reach an ATH higher than $20K. DCA during Bitcoin's bearish period feels more effective and optimal, it's just a matter of waiting and thinking, whoever is able will get the benefits.

I buy and hold but never I say forever as it can be done when there is a good opportunity.

Indeed, it was not necessary to hold for many years but rather take the chance to sell if there was one. It definitely depends on our way of investing but I see that those who are very active in the market seem making a huge profit rather than those who are holding long-term. Besides, we can make a good play with the market volatility as even if the ATH doesn't come again, we have made money already.

That's not something I will not dispute and never have I agreed on something this much because of how correct it is and it's simplifying the explanation as to why bitcoin's the best investment. I would probably be using these phrase or the idea of it to explain why bitcoin is a good investment to be had.
The problem with altcoins is the fact that most of them are mostly riding on the hype that bitcoin generates so when bitcoin starts to ease out of it's bullrun, most altcoins go down with it at a much worse kind since they've got more people invested in it hoping that the price would continue to go up.

Exactly, some people are afraid to hold Bitcoin for a long time because they don't want to lose money and you most likely will if you want to succeed on investment and you need to be patient again, if bitcoin drop is an advantage for the people who did not invest early so that they will invest and get profit don't sell your coin when you see the price drop a little he will definitely raise again, That is why they want people to invest for the long term rather than the short term because if you invest for the short term, you will not make a large profit or lose money. That is why, before you start your investment journey, you should do some research about it so that if you start, he won't give you too many worries because you have knowledge on it, you should get enough ideas about bitcoin before you start investing your fund on it so that you won't be complaining even if the price is high or low you can invest small money on it because you don't know when the price will drop and invest large, so don't waste the opportunity you have anytime is the ideal moment to buy in bitcoin because it is volatile.

That's why I think that before investing the investors and those who give suggestions need to have some basic knowledge. Those who will hold or invest for long term must also follow that they should find dip to buy and wait to sell at high. Moreover, holding or investing for the long term does not necessarily mean making a huge amount of bitcoin investment at once.
For this one should initially adopt a DCA strategy and then invest a certain amount of bitcoins over a period of time. Through this, the possibility of risk of loss in investment can be reduced. Moreover, if you think that Bitcoin will not touch its all-time high price again, you are wrong.  It is 100% sure that bitcoin will definitely cross its all-time high price again.  So I think if you are going to lose by selling bitcoin at low price then I think holding is better than selling.  I myself invested when I had 60k+ bitcoins and still holding it. :)

Don't buy at the top.

Don't buy just because of FOMO (fear of missing out), that's why many investors are waiting for too long because they bought at the peak price. And they never lose any money while waiting, their Bitcoin stays in their wallet, but the price is not the same, so technically, if they wait for the next bull run, they will make a huge profit if they have a big patient as well, simple as that.

The main mistake here is buying at or near an ATH, not hodling afterwards. People often make this mistake, and it is unfortunate that they do. It's just that Bitcoin gets way more attention when it's on the bull run, and FOMO is a big feeling that can motivate serious errors of judgement. So, instead of buying at ATH, a person can simply wait for a lengthy bear market to make an investment. But if someone has already bought Bitcoin at ATH, I think it's better to keep hodling till Bitcoin finally recovers and gets even higher (but be prepared that it can take several years) than to sell at a loss.

If you manage to buy at the lowest price of the bitcoin like $3k last time of 2019 and hold it last ATH I guess those are worth it times and now the price has a bottom of 25k$ and we know halving is coming to another wave of ATH will get there but again it's not just a straight forward we reach the bitcoins top at the end of the day is still there's some sideways, fluctuate of the market and other factor reason why it considers to have a selling pressure now it now depends on the person who deals with it because if they make a short trade for profit nothing wrong or holding long term or could do both as long as they get satisfies with their earnings.

If you buy bitcoin for $69k in 2021 and sell bitcoin during the 2025 bull season for $100k, do you think that's a huge profit? Meanwhile, you have to hold for 4 years and only get back x2 accounts, do you think that is worth what we have to trade?

Investing requires knowledge and clear planning, we should not invest blindly. In investing, if we are excited when we receive profits, we should also be brave to accept losses, that is the law of finance we need to know. Therefore, if we buy at a price that is too high , we should cutloss and start over instead of holding for a long time and making a negligible profit.

Not everyone can be pleased about long term holding. It is for those who kept believing in Bitcoin for the long term no matter where the market goes.

That is what I do as I kept believing that BTC would finally break through after doing DCA for most of last year with my extra “not beer” money. I bought them somewhere between the $30k to $31k during my first 2 months and then between $19k to $23k after that.

I did not swap my BTC to USDT when things gone southward as I kept holding to it and eventually it paid off. Not all of us are lucky and fortunate about keeping our BTC for long.

I also allocate some of that to ETH as well, but I have made a bad decision for keeping it in a hot wallet that is vulnerable to hacks and ended up getting drained.

As of today BTC is about to climb to $38k so it is really parabolic right now. If the bulls cannot keep up the new support level and crashing the resistance, then most likely we would be losing momentum thus a gradual correction.

Different people have different mindsets --> Whatever happens, hold on to your Bitcoin. (https://bitcointalk.org/index.php?topic=5473498.msg63130042#msg63130042) No doubt the context of this person is about new trends and your context is about saving money instead of losing in a downtrend. Well, that's why we use stop loss to avoid huge loss. I can't imagine the pressure and stress of those people who bought it 2 years ago at the price tag of $50k or $60k because no doubt till now they might be becoming greedy to book some of the capital while the market covers a lot (as currently it is around $38k).

I will say the same, that we should not hold onto our loss for so long and should set stop loss so that when the market goes below our expectations we would be able to save funds and could take entry again.

But the topic I mentioned above says we should hold onto our BTC while we are making profit, because currently market is going up and we might be becoming greedy here too, to book profit or seed profit which is not a good time to book because market still have a lot to grow.

A bitcoin investment is not a two-month or one-year investment. Long-term Bitcoin investment pays more than short-term Bitcoin investment, which is why you should use the money you are not in need of anytime soon for Bitcoin investment.

Many people invested when Bitcoin was in its early stages and got huge profits, and I am sure some of them are still holding their Bitcoin or some portion of their Bitcoin.

I understand you that people could have sold their Bitcoin when the price hit its ATH, but remember, Bitcoin has potential and the price is unpredictable, which is why they cannot know if the price is going to drop below that then, but if these same investors keep holding their Bitcoin, they will surely gain from it because of halving next year.


It is a good suggestion for people who have little faith in Bitcoin. Although if you feel insecure with the price movement, you can sell or set a sell limit, the best thing to do is to sell some portion and keep holding some.

OP, there are no legal advisors for Bitcoin investment; Bitcoin doesn't have a rule of investment by law, but newbies follow the steps of other experienced investors or holders of Bitcoin, and there's no way anyone (experienced Bitcoiners) will advise you to buy Bitcoin when the price is very bullish. People who bought Bitcoin when the price was $68k took a risk because they wanted to make a quick profit since they thought it would get to $100k, while they all knew that it was already a bull market, and if it shifts from the bull period, we're going to enter the bear season. So it was a risk they took, and no one would blame them for it. Experienced Bitcoiners always advise you to buy and hold. How can you know the dip? You can compare the previous ATH of Bitcoin to the current price, and since the last ATH was huge, you know that if you buy at the current price, you will make a profit in the coming bull market. Some investors, mostly newbies, land themselves into buying in the bull run while it's advised to buy in the dip.

I really would not blame a newbie for not knowing the right time to buy BTC. Or knowing how long to maintain a HODLing investment for best profit. Afterall, that's why they are called newbies in the first place.
Since there are also not so many known broadcast channels where legit crypto signals is given out,  it would be hard for new BTC investors who are so motivated, to ascertain the dip or tell the distinction between bullish and bearish seasons respectively.

Anyone investor should be left to try out their best strategies and stick with the one that pays best. This is how pro traders and whale investors are made.

Even long time holders or traders are still having hard time in deciding whether to buy or not.
But if you are using spare funds, it won't be very hard to decide as you can wait the right time to sell.
And talking about crypto signals, I don't think they are worth checking out. I don't know how you can label them as legit.
But so far, crypto signals won't be your savior in this market. Better do your own trading and learn the trade by experience.

Holding should be throughout more than one halving cycle...additionally, it should be after an entry that is made over a longer period of time. Your example uses specifically those who entered exactly at the all time high of the last cycle. Of course if you enter then, it could be around 4 years before you see break even figures again. Though if you gradually enter strategically every week or month over a 1-2 year period after the halving peak has passed, you might see a much more pleasant result in the 2-4 years following.

Dollar cost average your entries, restore liquidity during halving peaks to take some profits at peak prices, use liquidity to dca after the peaks from halving, repeat. This is a multi year process.

From what you are saying, that is obviously one of your assessments or assumptions. Because when it comes to accuracy, you cannot say that what you mentioned here is 100% correct. How can you say, or have you said, that Bitcoin is not a good option for long-term holdings?

Because if you look or take a look since Bitcoin was created in 2009 until now in 2023, have you seen that the price value of Bitcoin has remained or continued to fall? Not really; instead, what you or we will see is that Bitcoin will face the same uptrend and downtrend, but most of the time it will always be an uptrend.

When it comes to the world "long term" then it would really be that depending on someones preference yet there are ones who would be talking just only for 6 months and there are ones who do talk for 1 year or a couple
and there are those people who would be talking until the end of time.  :) Therefore, when it comes in talks about profit taking then it would vary and there's nothing we can do about it but i do agree on the fact
that there should really be that profit taking thing specially when its already peak of the bull run. How to determine? There's no way on knowing but it would really be pretty darn obvious if we do speak about
price peaks and as long you do already get that profit then cashing or selling it out is never been that a bad idea.

Just like on what most people been saying that profit is always profit and this what matter the most and dont make yourself getting left again by the train.
If you've been here able to witness those bull run times then it would really be that impossible that you arent really that wary on how things works.
You shouldn't really be making yourself dumb or careless this time.

This is what I don't get with some people that's exiting bitcoin when their current HODL valuation goes down, they want to cut losses when that's only a thing that you do when you are investing in any other cryptocurrency out there, whenever someone I knew that has invested in bitcoin has do this and try to justify that action, I just laugh at them because while they're cutting losses when the prices go down, I'm busy finding money to buy more bitcoins to increase what I currently have.
Thank Satoshi, I don't have that regret/FOMO anymore because I've learned my lesson that when the price is on the red and it's continuing to go down, it's an opportunity to buy more bitcoins for a low price and get more value for what I have paid for and right now, I am sitting pretty on a huge amount so I'm not worried that I won't be able to buy more now.

Dude, that's why predictions and technical analysis are required before buying an asset or bitcoin itself. Of course, if the investor decides to buy bitcoin, he or she should consider or do analysis before buying and do long-term trading. Long-term trading doesn't mean a guaranteed profit, and if you do long-term trading, the trade still has downsides. That's why equity is important for a trade. Long-term doesn't mean it should take years; some investors choose to let their assets sit for years. Maybe because they don't have anything to do with their asset or they just choose to hold their assets there, trusting bitcoin, but of course it's the call of the investors. Yes, it could be a disadvantage, but there are different meanings for investors in the long term. Also, short-term trading is very risky. That's why it will all depend on the situation and how the traders do their thing.

that is the importance of planning in investment. Investing is not just buying and holding. planning to sell it at a profit or even sell it when it hits the loss limit is also important to plan.
but for assets like Bitcoin, most holders have very high confidence in future returns. So when there is a decline, what happens is that you continue to accumulate the number of Bitcoins in your bag. and when the ATH price is touched, it will provide quite a large profit.
Maybe the thinking would be different if the topic was a particular altcoin. even when discussing shitcoins or memecoins.

Those who buy Bitcoin at the ATH will only be at loss if they sell below their buying price, and let's not blame them, I believe they bought Bitcoin because they believe the price will rise even higher, if such thing happened to me I will keep the Bitcoin, and when a new low happen like the $15,000 then I will start Buying Bitcoin again, by 2025 they will make more money still, and their old Bitcoin will return to it's old value that it was in 2021 and I believe Bitcoin will surpass $70,000 this time so its still a win win situation.

This is why it's not good to always invest when there is high greed in the market, when people are rushing to buy Bitcoin it could already be too late, and when people say no to Bitcoin could be the best time to start buying, I learned this trick the hard way but I thank the almighty that I am still standing high today.

Many new crypto investors don't know about Bitcoin but they only worry about how to buy Bitcoin, it's their own lack of learning that make them buy the top when they should be selling, they turn themselves into old investors exit liquidity.

To begin with, let discuss this "long-term" Bitcoin business. Everyone's long-term clock runs differently - ix months, a year, or until we're all driving flying cars. The truth is that profit-taking in a bull run is smart and necessary. People talk about "HODL" until the cows come home, but theres another side.

Cashing out at high prices isnt a difficult task. Keep an eye out and feel the pulse. Market secrets produce wealth for those who listen. Its about profit, but also about not being left holding the bag when the music stops. Theres no crystal ball, but if you dont see trends, you're losing money.

"Profit is profit" - simple yet profound. Dont blame yourself for missing the train. Being aware isnt enough; be action. There's a fine line between courage and recklessness in this game. Play carefully, take your successes, and dont be fooled by unachievable gains. Bitcoin is more than a currency or asset - it tests wit and nerve.

Aside from that, people who have bought at ATH might not have enough experience during bull run. Without the idea of the possible pullback and from what level, or getting FOMO as they see a post, or someone says that the Bitcoin will reach a higher price. Due to their fear of not having the possible profit, they end up buying at the highest price.

Many crypto investors experienced this during the previous ATH, some have already sold their holdings because they can't hold for a few months or years until the price of Bitcoin increases. They might think that Bitcoin is an easy money-making scheme and that if they invest, they can make a profit easily.

OP everything you said makes sense but no one can ever safely convert btc to usd at the right time. For example, when BTC reached $69,000, everyone thought that Bitcoin would soon reach $100,000. Because when the market goes up, there is a greed that awakens in everyone, that greed makes people hold onto their bitcoins. Later, when the market goes down, everyone starts to regret. But I can say Bitcoin investors are never 100% successful. However, every Bitcoin investor should aim to sell their investment when it is successful.

I think that as long as we have a specific investment plan, we can use either option. I also bought at a higher price but then I cut loss and bought back later at a lower price. Thanks to that, it helped me quickly recover my capital and even make some significant profits, but if I hadn't cutloss and continued to hold, I probably wouldn't have made any profits during that time because that's all the capital I have. So I think it depends on the person and how much capital they have. We should not be too rigid with a certain method but need to be flexible to optimize our investment portfolio.

Bitcoin’s history is full of people with weak hands who sell when the price goes down & don’t buy back in. They then inevitably look & feel stupid when we soar to new highs. OP you mention about 2 years, suggesting that is long term holding. It isn’t long term holding, you need to hold for at least 4-6 years & then you will see that it’s very unlikely you will be in anything other than significant profit. Lots of people don’t have the balls to invest in bitcoin & ride the volatility waves.

Two contradicting threads at the first page, quite unusual. I undertand the points the OP made, I think the best approach would be to spend some of your bitcoin when you can exchange it for more goods (in the era we live in, we still buy in dollars most of the goods). But this is not easy at all, and when fomo comes, it is not easy to keeo your head cold

This is why once we decide to invest in bitcoin, make sure that you are going to hold it for long term, let's say 5-10 years may be good enough. And always invest using your spare money so that even if your price expectation will not be achieved, at least you would not be in panic trying to sell it at a lower price in order to cut your losses. Bitcoin is for long term investment, that is if you aim to maximize your profits when bull run comes.

However, due to the hype that happens when bull run is present, it's hard to stop the people from buying bitcoin even at its higher price. Their mindset is that bitcoin price will keep on growing and once their target price is achieved, they will immediately sell their coins and gain massive profits. But in reality, bitcoin sometimes follow an opposite direction. Instead of seeing it soaring high, its price will suddenly drop at its deepest that will create panic on the new investors which made them decide to sell at a loss.

If you are a bitcoin investor then you must hold it for a long for a good profit. Because being a Bitcoin investor is not easy. If you investing Bitcoin you have to mentally prepare for hold long time for get a good amount profit. You can see the price chart of Bitcoin the price is increasing day by day. You can see the price also drop in bearish season and price goes up in bullish season. You can see the highest price of Bitcoin something 69k dollars. And it fell down 15,700$. Those who hold it for long time they get a good amount profit. Without holding mentality you can't get a good amount profit in my opinion.

Well investingn in Bitcoin often requires a long-term perspective because of its historical price volatility and we all know that. The key aspect is the ability to weather market fluctuations with a patient and resilient mindset. I think those who held through the cycles before have potentially seen substantial profits and since the cryptocurrency market is known for its bullish seasons, the ability to endure disappointments is normal for investors. However, it's essential to balance this approach with risk management. While holding can be a rewarding strategy, individual circumstances, goals and risk tolerance should guide hodling decisions.

You think those hodlers that applied long term in their hodling don't know what they are doing right, just wait for the end of this year to see what long investors will showcase for other people to see as an evidence that will attract people like you to switch from short hodling to long hodling. I believe those that bought BTC when the price was $69k know what they are targeting in their investment because, there are some investors waiting for the price of BTC to rise to $100k before they can sell to save the money in their bank account to establish other businesses that will be bringing profits to them.

If you want to make a good profits from your BTC investment, just remove the spirit of fear from your long hodling because many people are still regretting for not hodling for long last two years when the price of BTC hit $69k that made many people to earn what they have never earn before in their BTC investment.

- I think it depends on each person's investment strategy and whether the money used for investment is idle cash or borrowed. If it's borrowed money and you bought at the peak price of $69,000 for 1 BTC, then it's probably an unbearable loss as the price dropped to $15,000 within 2 years. Cutting losses would be a necessary step. But if it's idle cash, and with an asset like Bitcoin that has been accepted, holding for the long term, maybe 10 years, the $69,000 peak might not be a disaster. You could still make a profit if you persist in holding because the long-term trend of assets tends to increase.
- I know some people who held onto Bitcoin since 2017 without selling, and they thought they bought at the peak when the market crashed, and Bitcoin went down to $3,000. If they hadn't held firm and continued to hold, by 2021, when Bitcoin reached $69,000, they would have regretted selling. So if someone is holding Bitcoin at $69,000, patience is key, waiting for the next price increase cycle.
It's difficult to know precisely where the top and bottom are at the current moment. Only after a certain period can we recognize it. Sometimes, after we cut losses, it continues to rise. No one can accurately predict the trend, so the dollar-cost averaging method for buying and selling will limit those times of FOMO (Fear Of Missing Out) when going all-in on the market.

The majority of people are victims of this kind of scenario. When FoMO is created, people think it will be a good opportunity, but they realize it is wrong.Bexause whales make FoMO to grab people's money, and those who are simple people, when they see people's greed in the market, they also rush to enter the market. But by the timee he does, it is too late, and they lose his money.

So it means to say that your point is absolutely correct and should also be done in the same way that when FoMO is created, enty should not be planned at all because whales often create hype in the market to attract people. Those who can liquidate what little they have also try to take whales in their hands, and these exchanges are the ones who create FoMO. These people know how many people can be liquidated under this plan of ours.

It is better that when the market is going up or down rapidely, you should go against FoMO because it is a trap and should be avoided. Everyone else knows what is good for me and what is bad for me.

Even though there are investors who bought bitcoin at around 60k, 50k, and 40k until it dropped by 20k and are still holding it, I think these holders will still be able to recover as long as they don't sell at a discount.

Because when there is a bull run again, they will surely recover the original amount they bought for it, because it is still possible for them to make a profit when the bull run comes. That's the beauty when you only really hold Bitcoin or other cryptocurrencies.

Everything has its ups and downs. Humans have been dynamic and changing creatures and have faced change throughout their history. As with Bitcoin, Bitcoin is dynamic and changing. The Bitcoin market has had ups and downs since its inception. We saw the Bitcoin market rise to $69k and then fall to $18k. In that case, Bitcoin is moving at its own pace. People have invested in Bitcoin at different prices at different times. Many of them bought at the highest price and many bought at the lowest price. As for those who bought at the highest price, there is nothing to be disappointed about. And letting those who bought at the lowest price sell their bitcoins is foolish. Those who invest in Bitcoin for the long term should be patient with that goal. Patience will definitely pay off.

1 btc=1 btc and as long as they don't sell they won't lose money, but what they lose is time.  while it took them 4 years to make a small profit, many others bought bitcoin for $15k-20k and made huge profits.  therefore, I agree with the OP that holding it for a long time is not necessarily a good choice.  but the decision will depend on each person, I see there are people who support continuing to hold, but there are also people who will accept to cutloss and come up with a new investment plan.  it's completely up to each investor, let's do what we feel is best.

This happened to me too. Whenever I hold a coin, it never goes back to the price I bought it for, or it goes back after I have sold it, but the ones that I sell with minimum profit end up being some of the most gaining tokens, like Shiba Inu and Pepe. I had been holding a token worth $10k for two years, but it has not yet gone back to the price I bought it for. Still figuring my way in the field. xD

The FOMO effect is a market manipulation master. Whales use hype to draw crowds efficiently. The unassuming person thinks they're boarding a rocket, but its going down. They inflate prices to create a purchasing frenzy, then yank the rug out from under new investors. FOMO is. A psychological trap, it exploits our basic instincts of greed and fear. The smart move is to be skeptics. You zag when others zig. Going against the grain isnt enough - you must also do your research, comprehend market trends beyond the hype, and make informed decisions. Finally, with crypto, only market information is more volatile than the market. Swim against the tide, but avoid shark-infested seas. Stay knowledgeable, suspicious, and dont let others use your investment as an opportunity.

For bitcoin to reach its all time high again we predict it would be in the end of 2025. It is a long time. For newbie investors, taking your time to use crypto research tools like Crypto Panic, CoinGecko, Coin Market Cal, will offer you insights into the bitcoin market from many years ago to many years into the future and what it would possibly look like after EFT approvals, Halving and others. However, if you are a lazy investor or a busy one who do not have the time to do this research, just buy and hold and you'll be safe.

A real investor will choose to hold and remain calm rather than sell their Bitcoin at a discounted price because what is in their mind is that the price will not stay low but it rises again. Trust and confidence give them the courage to not give up easily and lose hope because they are very certain that Bitcoin will recover.

Of course, holding for many years is somewhat a waste of time we think about it but this is how the crypto market works, sometimes(if not most of the time) we have to hold in order to earn more profit. May not be the best option but we must rather than suffer losses.

Buy and hodl is a good avice but now when btc is near it's ath. There are special accumulation phase for it

I think it is not wrong to buy and hold. People who bought and held Bitcoin have made huge profits from Bitcoin. The people who bought Bitcoin at $69k I think had no idea about Bitcoin and the crypto currency market. It is never a good decision to enter where everyone is exiting. Bitcoin is not a magic currency that will make you profit whenever you buy it at any price. If someone enters Bitcoin at the wrong time, he will surely face trouble.

It should always be remembered that only a perfect entry can give us good profit. Bear season is always considered suitable for buying Bitcoin in which the price drops considerably and entry from here can give us good profit in bull season. If someone has made a wrong entry and there is a high chance that the market will go down then they can convert their Bitcoin to USDT, but the better way is to buy more as the market goes down if there is capital.

Very Wise. This might be an option for people who experience investment problems due to making purchases at low or high prices. It is true that a flexible attitude can provide good results because our main goal remains portfolio growth. Maybe an attitude that is too rigid can hamper portfolio growth a little. I'm sure everyone has their own plans and maneuvers which depend on personal experience or other people's intervention.

Yes, yes, swap BTC to USDT to catch the collapse of the next stablecoin (quickly forgot what happened to stablecoins almost recently), when all your assets are transfused into this trash.

"Holding for long might not be the best option." - tell that to early bitcoin investors. Those who sold the bitcoin at $1, $10, $100, $1000 and even $10,000 will probably disagree with you.

My opinion is that you are very seriously mistaken. The experience of past years shows (and proves) that holding bitcoin is the most productive way to increase capital in cryptocurrencies. Everything else is lyrics.

Generalizing it to something like
"Do not swap your bitcoin to any altcoin".

Altcoins include stable coins (USDT, USDC, ...) or Tokens which are created to peg their values with Bitcoin value. Those tokens are like stable coins but with different terms and names.

They are called as Wrapped Bitcoin tokens but always remember they are not bitcoin and you don't own bitcoin if you have those Wrapped Bitcoin tokens.

Wrapped tokens (https://www.coingecko.com/en/categories/wrapped-tokens).

BTC is synonymous with long-term patterns if you want maximum results. What the OP said may also make sense because looking at the current situation. Frequently changing market conditions, whether economic, political or technological factors, can affect the value of an asset. Yes. This may require adjustments to your reinvestment strategy.

But, my view is simple. If someone wants to have a round of money every day, don't use this model but just use the day trading one. One more thing, transaction costs, especially BTC gas, in the near future will also be very high.

For short term holders, this post makes so much sense but regarding five years holding as something too long is what I don't understand. Bitcoin have a four years cycle, so it is expected that anyone that want to go into Bitcoin much understand this to be able to plan his finances well. You don't buy at the peak of the cycle and expect to make profit the same year or the next year without waiting for the next cycle when Bitcoin is expected to make a new high.

The best approach is to buy and hold from one market cycle to the other, in that case you will be sure to make good profits. By the way. It is not expected that one should put all his life savings in Bitcoin; just invest spared money that you can afford to loose.

Bitcoin investment was meant to be a long-term setting, but because of the market uncertainty and many economic reasons, people decided to withdraw their investments, for example you don't expect a Nigerian holder and US holder to behave the same, there must be circumstances, there are many sustainable jobs in US, bitcoin holders can hold their investment because they are mainly paid hourly with a preferable economy better than Nigeria economy, your money is value and can purchase a commodity with its value but the case of Nigeria is different, for you to have an extra income that can make to hold for a long period of time it takes the grace of God, this is why we see more fast profit oriented minds than patient hodlers, I see this btc transaction fee as an opportunity for the lightning network to be more valued.

Well, I'm not quite certain about this. In my opinion, the maximum yield can be recorded by selling during bull periods and repurchasing when prices settle down. Imagine you've sold 1 bitcoin during November's ATH in 2021 for approximately $65,000. The prices crashed shortly after, dropping to $40,000 levels. Even by purchasing at $40,000, you'll have a profit of $25,000 immediately, unless you plan to reinvest and buy more Bitcoin in the process. If we now suppose that the repurchasing of Bitcoin occurred during the lowest prices of late 2022 or early 2023, which vary from $15,000 to $18,000, you'll practically acquire anything from 3 up to 4.3 BTC for the 1 BTC that was sold in late 2021.

Now let's suppose that we bought at approximately $16,000. Using our $65,000 from our sale in November, we'll have about 4 BTC. Multiply those by $37,000, which is the current price, and the result is almost $150,000. Certainly, we need to subtract the $65,000 and the initial cost of the first Bitcoin, but you can still achieve pretty extravagant results, especially when the price rises even further.

It's supposed to be buying low and hodling, and not just to simply buy at any price levels. But then I realized there are people who do a DCA and it was one of the famous strategies for those who invest in BTC. Well, in DCA, there are still times where they can buy at a low price and then those who commit it are more obliged to hold their coins for a very long time (be it 2 years or more).

I'm sure they can always seek a justice for the actions that they have made earlier. Also, it was actually the old investors are benefiting over the newer one's, because when there are new people who invest, that will make the price rise, so old investors can now sell for profit. We all are not the same. Some investors are not well prepared and may need money occasionally, so they can sell no matter what the circumstances are.

This is a very wrong advice my friend, when it comes to bitcoin investment, understand that holding it for the long term is the best way to make the best of profit, what price one bought at only determines how much profit he or she is likely to make when the price starts rising like it is doing currently.

The best advice i can give is that, wise investors who are buying to hold for the long term do not buy at all-time high, so if you are buying bitcoin to hold for the long term, make sure not to buy when the price is at its all-time high, this applies to every other cryptocurrency as well.

And point of correction @op, those who bought bitcoin at the price of $60k or higher are not investors, they are quick profit seekers, people who wanted to make some quick profit from the bull run but unfortunately for them, they were wrong with their timing, this is absolutely normal, as not every trade one engages in will turn out profitable, there will always be some minor loses here and there from time to time.

Control your emotion and learn to hold for long period of time. It has only been 2 years which does not count as a long-term investment plan if you are choosing Bitcoin. And I don't think people would regret buying $69k if they have done DCA in order to accumulate that Bitcoin. The Bitcoin halving is coming closer and the bull market will start following that. Many people have predicted that Bitcoin price will create a new all-time high in this Bull run. If $100k wasn't possible in the past, what makes you think that it won't be happening in the future? If you have will to hold until that is reached, there's nothing to regret.

I still really don't know what makes you think that holding for long is not the best option. If you have control over your emotion and the plan that is for long-term, and also, if you follow some strategy like DCA, then there's nothing wrong with holding for a longer period of time. Some people have achieved success through Bitcoin investment after 10 years of holding. 2 years seems a bit low compared to that. If you can accept this fact, then you are ready for Bitcoin holding.

For some, it might not be the best option most especially if they happen to hold the wrong coins but for those who have high faith in bitcoin, it will always be the best option to hold for long term. Those who fail to see the essence of bitcoin long term hodling are most probably those who hold with  a fainted heart and unstable emotions that's why when the market suddenly crash and affected the price of bitcoin to drop so badly, they develop panic in the market and resort into wrong decision of selling early.

However, it only takes some initial mistakes and losses before the people learned their lesson. And while its also a good option to swap their BTC to USDT, but for me its never the wisest decision.

I understand what you want to explain here, but from what I have noticed, no one can guess the price of bitcoin 100% correctly, when you buy bitcoin at $50k or $60k, you are actually buying consciously and without any influence, hodl may seem futile, but if done patiently and consistently then hodl is very effective and profitable. right now you think people who buy bitcoin at $50k or more are unlucky but believe me in the next few years the price of bitcoin will pass $50k and will definitely pass $100k too, there is nothing in vain when you buy bitcoin.

That's right, it's not because you bought bitcoin at around 69k$ each that it's wrong; there's nothing wrong with buying bitcoin if you have a broad understanding of it. Even if its price value has dropped a lot, you know that bitcoin will still recover its price after some time, even if it takes a year. If you believe in it, it will be more than 100k$ each.

So holding it long-term is still a good way to benefit us when the time is right. So I don't believe this is the best option to hold in the long term.

Your post is screaming “FUD”. If you are this scared, then why invest in the first place? Okay, let’s say you convert your BTC to USDT, when the price starts coming back up, what do you do? FOMO in? If you want to take risks, take them with your full mind. Don’t be on the fence because it could even worsen the Case. Like I normally say, invest an amount you won’t worry about. If you invested an amount you do not need instantly and you trust the Bitcoin journey, there’s absolutely nothing to worry about. Hasn’t the past years proven this? We will break the previous ATH again, but it is only those that patiently wait that will smile when it happens. DYOR though.

Holding back is determined by the motive of the investor before investing in the asset class. Whether Bitcoin or any other.

If you consider Bitcoin a store of value then it won't be a consideration to sell it before time, but if its just for profit and reinvestment then it's ideal to sell when it's in profit.

It's easier said than done. You never know if a price fall is the bear market or just a correction. In the last cycle Bitcoin reached $60k and than crashed to $30k and then went to the ATH of $69k. Those who sold when it was on a road to $30k thought that they will buy back at a lower price, but the price bounced back and all they achieved was realizing their loss.

Also, you're using an extreme example of buying at ATH. ATH lasted only for a day or two. Most people bought way below that.

Of course it’s gonna come from someone named Pi Network lol.

What would you rather have these people do? Sell all their shit at the first sight of a price increase? This isn’t your local flea market where everything’s a bargain, people are in here to maximize their profits and it’s up to them to hold for as long as they want to. Besides, when it comes to bitcoin even if you’re at a “loss”, as long as you don’t sell your shit you’re pretty much saved by the next upcoming bull run. Which is also why there are effective whales in this industry and why it’s trillion dollars in market cap.

Perhaps you should get over your head and actually look for cryptocurrencies like bitcoin and ethereum, that Pi Network copium’s getting to your brain I can smell it.

There is nothing wrong when someone makes long-term holding for a certain period of time. It doesn't have to be a few months. Some have even done it for several years. when they buy at low prices, especially at the lowest rates during the bullish era and they make long term investments until the next bullish era. wouldn't the results be much more valuable? because the concept is investment, so yes it can be done over a certain period of time. Instead of saving it in stable coins and then buying Bitcoin when the price has gone up and up with only a small profit.

I think in this case it depends on the initial intention, whether you want to invest long term in BTC or not, but for people who intend to invest in BTC for the long term of course there is no such thing as exchanging it for USDT, because for those who invest long term of course they only sell when There are benefits no matter how long it takes.

but everyone has various ways of securing their assets. Managing risk and securing assets is also of course very necessary as long as we can set a strategy because BTC prices fluctuate and are difficult to predict, so in this case there are pros and cons, but what is clear in this case is that it comes back to each investor, whether they will be strong enough to withstand it. and sell it when there is a profit or carry out a risk management strategy.

You lose money only when you actually sell whatever amount the previously bought, if you are willing to hold while waiting for the price to go up again then you're fine. Of course if you buy after we make a new ATH you need to be conscious that the risk you are taking is big, very big. If we're talking about bitcoin, and not some random shitcoin, I would never sell while at loss, it's just a matter of time before the price will go up again.

I understand the Op but I would still want the Op to understand that as long as bitcoin is concerned, holding for a long term still remains the best way as long as the investor enters the right time. The people that enter the bitcoin market during the bull run are definitely people that used to see the wrong side of  bitcoin.

However, even if anyone buys at $60k which is the region of the ATH, with more patients they will recover their capital and definitely be on profits. It is the people who invested with what they are not able to lose or what they will be needing in few weeks or months ahead that will feel the impact anytime the price deeps.

Also what I do not understand is why people hold for more than one bull run. I think if any investor witnesses one bull run, they can sell and wait for another deep.

What you have explained is nothing but a contingency plan in case Bitcoin fail to keep its resistance. That’s how we work when we invest in Bitcoin so it’s highly unlikely we are looking at something new here. Bitcoin has been volatile all the time and its deep rooted nature for it. I wouldn’t be surprised if I am seeing Bitcoin falling by 50% in single day because we have seen that already.  What comes after that is nothing but FOMO and FUD. We shouldn’t care about it at all because it is also proven that there is no benefit of going nuts when Bitcoin is failing.

These are middle factors that can affect long term investments. It’s far better to avoid such mindset and have our cold wallet ready all the time. Keep holding.

Thanks for reminding me with my past experience with this one that you shared.

Brief history of mine. It wasn't BTC per se, but an altcoin that I bought at it's peak, and instead of selling it since I don't want to incur losses, I choose to hold it for a very long time. Fortunately, I sold that altcoin, but after 2 years, and the profit isn't worth it knowing I can make more money if I just made a stop loss, and invested it into other assets. I was newbie back then, and I learned from it. :)

Back to what you said, converting it to USDT would be a good choice, but I guess that it would be better to just sell it at a loss, and then re-buy it at a lower price. Take that mistake of yours as a lesson, and promise to yourself that you will make better decisions in the future.

I know, I know, it's my mistake that I held during the 2021 Bull run. Please don't remind it for me. :P  ;D ;D

Like you said, I don't know my reason either why I choose not to sell all of the assets that I'm holding then wait for the bear market that happened a few months after the bull market. I believe that making the mistake once is still good as long as you learn from it, but doing the same mistake twice then there's a problem for you that's why I already decided to wait for the bull run then sell all of my assets at near it's peak. Whether it's my cryptocurrencies, or my stocks that gives me dividends, I will sell all of them when the bull market happens.

I only think that Bitcoin wouldn't be good for long-term investment when it comes to emergency purposes, cause despite having emergency funds, we can't tell that we won't be needing soon the money that we invested. You will be unlucky if you will be needing to sell your holding Bitcoin's value lower than the price you bought it. As we know Bitcoin's potential, is literally for long-term investment we know when bullrun comes, and Bitcoin reaches its ATH once again, then that's the good time to sell your holdings, still, it is up to you if you want to make a profit already, cause some of the people has their own plan for their target price. Still, we can't still predict Bitcoin's outcome due to its volatility so investing for long-term investment is not for everyone unless you use some method such as DCA method.

The essence of bitcoin investment is to keep accumulating it and hold for a long term, in expectation to cash in on any bull run. An investor can have a target price before selling, maybe he wants bitcoin to hit $1000k before selling, and if he's ready to wait till that happens, then it's his  decision. So if he has the opportunity to accumulate more bitcoin while he's waiting for his target price to materialize, then it's a good business decision. Reason why it's best to invest in bitcoin with your savings, so there'll be no pressure to sale.

The good thing about bitcoin investment is that the power is in the hands of the investor, if there is any important need that arise and warrants him to sale earlier, then there's nobody stopping him to do so. I'd rather focus on bitcoin, that has proven it's worth, than diversifying into USDT.

Hmm that makes sense, as we see the price trend that is being formed on bitcoin, so far bulish still continues to dominate and there is no indication of a price reversal in the near future, so with conditions like this it is very possible that bitcoin will go down first to make corrections and form new support, but I am not sure that in the near future bitcoin will experience a significant decline or even up to 50% as you said, because there are several other factors that make bitcoin will survive enough in this new bulish area. Honestly I would not say that this is a good enough time to buy, I have planned that I will buy when the price is correcting in the near future, maybe there are some people who will do the same.

On the other hand there are several factors that will be quite a big driver for the rise of bitcoin, if only the ETF is approved then obviously there will be good potential for a fairly significant bullish phase, and also on the other hand it is only a matter of months until the beginning of 2024 to enter the halving phase, so with that I think it is not wrong if some people assume to hold or even increase their accumulation amount. True, this is indeed one of the intermediate factors that will / can affect long-term planning, the level of concern will always be there even though for example there are quite a lot of positive potentials that we see in bitcoin, so of course I agree with your assumption that it would be better for us to use a budget amount that is not excessive, or means that we can be responsible for any risk opportunities that can occur there.

Hodling is a relatively straightforward long term cryptocurrency investment strategy bitcoin is a good long term investment if you want to save for the future after meeting your needs. It should only be considered if you have a high risk tolerance, a strong financial position and can afford to lose any money you invest in it. If you want to invest it's important to maintain a diversified portfolio that includes a variety of investments to reduce your overall risk exposure. Every investor holds bitcoin when the price goes down and sells it when the price goes up. When it comes to holding bitcoins everyone proceeds according to their own plans.

USDT isn't the best stabecoins to use for holding your profits. They're centralized and been controlled making it not any different from fiats currency. Your assets can be frozen when held in USDT and the price is been manipulated constantly. Hodling your Bitcoin has always been the better option as it gives you a long term profits when compared to trying to catch the top of the market to sell and bottom to buy back. These targets looks achievable on paper but hard to execute. The volatile of the market makes it impossible to target the exact bottom or top of the market. When you HODL Bitcoin you don't lose even when the market is declining, you only lose when you sell but if you keep on Hodling you'll still be having the same quantity of bitcoin that you had and when the market recovers you profits.

When Bitcoin corrects, you should DCA and buy more Bitcoin and that's why it's very important we hold reserve fiats as they're useful in times like what the OP is describing. You shouldn't regret Hodling your Bitcoin as it's better than losing it to the market when you try to outsmart the market by selling at the top and buying at the bottom. You can't always be lucky to get this price always and at some point you might lose to the market and then you start doubting yourself and finally miss out of buying Bitcoin or buy when the price is above the range which you sold and you get lesser quantity of Bitcoin than you previously owned. Hodling for long term is always a better option don't let any person tell you otherwise.

Let's take another example. When people buy Bitcoin at the ATH price of $69,000 with the hope of making a profit when Bitcoin reaches the price of $100,000. The price continued to correct from $69k and has not returned to that price. The purchased Bitcoin is still held until now and the person is at a loss if he sells it now. It's different if the person still has hope of profit if he remains committed to selling when the price has passed $69k.

Let's say now the price of Bitcoin is $37,100, if he had $1,000 to buy at this time, my estimate in calculating might be wrong, he would get almost the same amount of Bitcoin by buying at $69k. When Bitcoin reaches a price of $100k, how much profit will that person make?

Buying Bitcoin at any price will not make the person lose money if he holds it long term. That is what I mean.

When it comes to investing, you must take risks. There is no such investment platform without risk. But you need to know why Bitcoin is called a long-term inmvestment tool,. There are thousands of cryptocurrencies in the crypto market that make a big ATH and there are many instance to leave the market. Keeping those cryptos in the wallet for a long time turns them into garbage. One of the ways to avoid such situations is to invest in Bitcoin.

Those who invest in Bitcoin are optimistic even if they flip from bullish to bearish and they will definitely benefit in the long run. Bitcoin peaked in 2021 and investors will benefit if it continues to generate new ATH in 2024 or 2025. Can you say why they claim to be long term investors if they can't invest in Bitcoin in this short span of time. Such type of investors must have an idea of what is called long-term investment.

I first started GPU mining in 2013 on Slush's pool and when the first ASIC USB miners were coming out I wanted some, so I ended up buying 30 Bitcoins off eBay which were @130 a piece. People were saying to not mine that I would be better to just hold the Bitcoins and now I know they were right. (first mistake). A few months into my ASIC mining the wife kept asking me about it and would question the value if any the coins I had mined. I decided to prove to her they did and on a trip overnight I was going to pay for our motel thur Expedia with BTC and I did which was @half a coin, @$140 (second mistake).  I spent the next 6+ years selling off out dated miners and buying better ones to the point I was heating my house during the cold winter with the heat the miners were putting off in my basement. I would place selling points, that if Bitcoin ever hit I would sell some, which $1,000 I did, then $5,000 I did, and my last was @$38k. I look back and the people that said to hold were right, but its hard to not cash some in after you ride the wave up and back down a few times.  Now my wife refuses to  sell what we have, unless it become life changing amount, which we are not hurting for money at this point, so I look at my BTC as insurance and its why I have it not on an exchange any longer and keep on holding.

What you said is similar to the strategy we are using DCA strategy and it is the best strategy when talking about bitcoin investment. The more the price falls and the more we buy, the more profitable we will be when the price recovers. But if we don't have more money to DCA, and we continue to hold the bitcoins we bought at that high price, what will happen? We won't lose money if we continue to hold, but is that better than selling at a loss and buying back later? For example, if you buy at 69k$ and when the price drops to 50k$, you cut your loss and you buy back at 20k$. You hold until bitcoin recovers and hits 100k USD, which option will bring better returns?

What you're talking about here is BTC investors and holders making a profit which is a pretty good decision but how can you be sure that the new investors are taking advantage of the market ATH price while older investors are not?
I think you're the one that's missing the concept of BTC investment here. There are different types of investment the long and the short.
The short is meant for taking profit whenever the market presents it while the long is purely for holding for years.

The centralization of USDT risks asset freezing, which goes against the spirit of cryptocurrencies. Its like walking a tightrope between fiat's stability and decentralized assets' volatility and independence. Your view of hodling Bitcoin is refreshingly consistent with crypto fans' long-term gains over short-term volatility. Like planting a tree, you dont see results right once, but the growth can be significant.

Using currency as a reserve for DCA is a a good approach adapte. Like hiding a secret weapon until the appropriate moment. This makes USDT more of a hedge against downturns and a temporary shelter in stormy markets. Knowing when to hold, convert, and buy more is a delicate dance. This multifaceted technique, which combines Bitcoin hodling with fiat and stablecoin tactics, shows a deep understanding of the market. Remember, patience is a strategy with cryptocurrencies.

If you want to hold long term you have to accept that you will hold that bitcoin until your target is exceeded.  So in this case it doesn't matter how many dollars the Bitcoin price goes down. Do you not believe that Bitcoin will be worth $100k?  When bitcoin first hit $20k in 2017 didn't anyone buy bitcoin hoping for more bumps?  Then the price of bitcoin dropped to $3200 and who thought that the price of bitcoin would be $69k? So since it was possible, then why not possible $100k you think and why you panic?

If you sell bitcoins at that time it means you panic. If you don't panic so easily and can't trust bitcoin to hold long time.  So how do you consider yourself a holder? When the price of Bitcoin falls you can buy more Bitcoins instead of selling your Bitcoins in this case DCA will occur and your price will be minimized.

The idea of this stems from not really understanding the logic of investment. I mean its obvious that we are talking about something that ought to be for people who do not want any headaches at all. I get that it may not be all that crazy, but in the end there are some people who like to hold for as long as possible and maybe that would work out well for them. You do not have to understand why people are like that, sometimes you just let them do what they want. It is their money after all, and we all know that long term holding makes profit, why do you care that it may not make the most amount of money, it is making money and they are happy about it, so let them do whatever they want. I am one of them, and I am quite happy to do it.

There is a saying that hodl er is a winner, the fact is that the winner maintains his results, voluntarily saving bittcoin from the lower price even tens of percent of the current price, they are comfortable saving bitcoin and there are even some bag holders who do not want to sell quickly, in the sense for the future, one of which is a pension fund or inheritance :).

Excessive regret from the effects of trading will cause doubt, I think a good price is the purchasing power that still has a price difference and no loss, if in the future buy above $80k each bitcoin and exceed take profit to $90k, it is also the right analysis. Look at the trend that will go up, if you compare the time frame 2009-2012 with 2020-2021 you will know the answer, let's just say if people will regret in 2015, what will happen? of course they will be deterred from buying bitcoin and miss the price of $64k, right?

https://www.talkimg.com/images/2023/11/12/zwfo3.png

It doesn't mean that the cheap bitcoin price in the past is a bad thing, because you didn't buy it, no. But purchasing power in a condition that is different from the usual daily price, I believe people will continue to enjoy the future of buying bitcoin as they can, bitcoin is a necessity and will continue to grow, let's think ahead. Btw your name is good like its familiar to my ears, ;D

You've said the right advise for people who are unable to hold onto their bitcoin, that are still doubting about it to convert their bitcoin to USDT if the market is going down. However, have you noticed any investors who bought bitcoin at a higher price complaining they  regret for holding it so long? I haven't seen any investors  complaining in such way, since they understand how the market works, and the risk in it, they believe the will rise in a few years, and hope to profit from their investments. That's why they advised doing your own research on bitcoin before investing without understanding the risks involved. A lot of people mistakenly believe that investing in bitcoin will make them wealthy quickly; if you believe in bitcoin, you won't regret it because you will most likely profit at the right time. despite this, it is not a good idea to invest money that you might need in the near future.

I think what makes some people to hodl their bitcoin for a very longtime sometimes is buying at a price which they think the price of bitcoin will keep on increasing,  that is why it is good for investors to buy bitcoin at a lower amount to hodl as planed as their target to get a good profit. Longterm investment is a good investment but in every Longterm investment their should be a target,  it doesn't necessarily mean hodling must be forever,  their should  be good plans when hodling and to have a target in every investment.

I won't bet my luck on one year. That is a short period of time when it comes to Bitcoin investment. As mentioned before, people are finding success in their Bitcoin investment after 8 to 10 years. Now that's something I would call long-term. 1 to 2 years should be considered a short-term investment. We know that after every 4 years or when a certain amount of block has been mined, there is an event called Bitcoin halving. And after that the bull market follows.

If you can hold your Bitcoin to that period of time, then you will see a good profit. But just only holding won't give you the profit. In order to make profit from your investment, you need to learn when to sell and when is the perfect time to sell your holdings. During the bull market or before the bull market is a great time to fill up your bag with the DCA method. And if you are into a little bit of trading, you can also use that previously bought Bitcoin to buy and sell during the volatile market condition. That will also help you increase your assets and value.

It's not that much complicated. All we need is a will end control over our emotions so that we are able to hold through the period of rough time until the good time comes. That's when we will make our money back.

The absence of a decentralized stablecoin in the cryptocurrency market is one of the drawbacks we have in the market and according to research, a total of $835 million in USDT has been frozen by the USDT team.


Yes, you're right and it is always better to take profit while having the initial investment amount held in Bitcoin instead of selling and buying back. I think that is what the OP is trying to say.

Holding cannot make you to regret for your act but selling as a result of fear can be risky for you. A person should not wait for just two years but at least he should wait four a complete cycle that comprises of four years. Everyone will be familiar with fact that crypto does not give you profit so quickly but everyone will wait to get the reward.

Those who loss their hopes after two years are those who cannot use their patience and will never see any benefit in future and will always regret when they see crypto rise after they leave the crypto. Buying at 60k$ or 69k$ is very risky and those who did this will surely regret when price goes down so there is a technique that buy low and sell high. Learning is necessary in such situations  uneducated person cannot make a better decision and if you miss the opportunity to buy at the value of 30k$ to 40$ then don't buy at the value above than this.

Yeah, tell that to some early adopters who bought (mined) back in 2010-2011!  ;D Hodling for a longer time is in fact the best thing that can happen to you. I mean if you're not short on fiat and don't need to withdraw immediately, hodl and you won't regret it. 5 years or longer and decent gains are guaranteed.

That is why bitcoin is always ATH for a group of people except those who bought it at highest price. Those it at the lowest price are very happy right now because they can make profit from the investment now. Mostly those who bought it when bitcoin was at the Price of $16+k last year. And those who bought it at the rate of $69k have to wait for another bull market and because of this we are saying that bitcoin is not a get quick rich scheme, those who bought at that time have to wait for the next bull to come. Bitcoin is not for short term but for long term so when you are investing you have to put that in mind. If you think you want to invest and reap within a few months time then you have miscalculation of the investment. So you have to do your homework very well before investing in bitcoin.

You are very correct, mate. Bitcoin is never a get-rich-quick scheme, but some people think it is. That's why they end up making mistakes while investing in it. The mistake I mean is those who are very impatient with their investment; such people really do not wait to see Bitcoin grow during the bull market. Before getting to the bull market, they end up selling their Bitcoin at a low price, and when they see the price pumping during the bull season, that's when they want to buy for the sake of making a short-term profit. Because of the chase for short-term profit, they could have the fear of missing out and end up buying Bitcoin at its very high price, like some people who bought Bitcoin at $65k because they thought it would reach $100k. Those people got so disappointed that they had to hold on until another bull market.

OP, Since you choose to use the ATH of bitcoin, which is $69k as an example, why don't you also use the early price of bitcoin as another example of why it is not good to hodl bitcoin for long? Let's see whether the emphasis you give about not hodling bitcoin for long won't be disagreed upon heavily.

OP, even though we can say that those that purchase bitcoin at a high side from 50k - 60k are at a loss presently doesn't mean they won't recover their losses with time.

Gradually bitcoin is pushing for its halving and it is expected in month's, the price will go higher than its last ATH. By then those who bought bitcoin when it was $50k - $69k will get their money and profits from the bitcoin investment they made years ago.

Depends on what type of an investor you are. If you are fine holding your assets for a decade then you shouldn’t mind price corrections ‘coz in the long run its price is increasing. However you’d be able to maximize the profit by selling during peak price and buying during ‘dips’. It is just that no one could exactly tell the perfect time to make an action which makes sense to say that it depends on the investors appetite. Imagine selling at $69k then its price continued to break price ceilings and never got back to lower market price, would you be expecting such? Of course not. If we would also base to those who bought on its early stage, profit is evident still, which is a good example on what to do with your holdings.

If anyone just wants to experience earning bitcoin, what you said is right, pal, but if others want Bitcoin to be a way to help them get out in life, they should buy at least 1 bitcoin now for at least at least how about when it becomes 100k$ each, for sure somehow he will be able to move forward in their lives.

Because if they don't hold 1 bitcoin, I think it will be difficult for them to advance Bitcoin, even if we say Bitcoin becomes 100k$ each. Let me say you have saved or accumulated bitcoin amounting to 0.1 bitcoin. That is not enough for you to advance in life, in my opinion.

That's only if you call a person who bought above 60 000 an old investor. I'm an old investor while still not as old as many people here and I bought most of my bitcoin for less than 1000 dollars.
I don't regret anything, believe me and I'm a living proof that you should hold your bitcoin for a long time.

You say that people who bought at very high prices felt at a loss and this is understandable but they had to know what they were getting into.
What do you expect to achieve when bitcoin is up by more than 300% from its all time high? That it will go another 100% and goes into bear market and you manage to sell before that?
People who buy bitcoin thinking how much fiat money they can make from it often get a painful lesson.

I agree with your statement.

When people discuss about the effects of HODLing, you must understand that this is not a mindless act where you would just leave your BTCs without a definite plan on mind. HODLing must be paired with the intention to gain and profit your investments. This means that once your initial investments are paid-off, it is within your discretion to either HODL for more or to convert them to cash depending on its price on the market.

Generally, once the price of BTC is more than your initial investment, that should be the GO-signal for the person to quickly profit and retain at least a small percentage of BTC to continue on the investment for the future.

That is what people need to understand on Bitcoin. It's not the typical asset and investment that they used to see that it will just go up with a few percentages over time. Look at the stock market and tell this to them that holding for long isn't a great option and you will be praised for telling that because many of the stocks underperform in the long run but if the comparison is going to be with Bitcoin, stop that nonsense as Bitcoin is designed for long term and so if you long and you believe it as it will be valuable as you expect it to be. Keep the faith and avoid those people that will just discourage you.

You draw excellent conclusions for your rank. I know a lot of people who are fans of Hodl strategy. But when I ask them about the price at which they will sell bitcoin, they just shrug their shoulders and do not know what to answer. I agree that Hodl is good, but if you don't sell at a high price, then this promto strategy turns into watching the price of bitcoin, without getting any benefit and increasing the number of bitcoins in your investment portfolio.

Yes it really depends on what type of investor they are, if indeed they have and always apply long-term planning then I think some events that can make you worry it will not be too big a problem for your accumulation, because obviously there you apply long-term planning and if there are some corrections that occur then you don't have to worry too much because it will be easily overlooked, I mean over time your planning then the price movement will go back up and you will still be fine there.

Well that's a good suggestion as your planning time goes on then to maximize profits as you said, we can take advantage of some moments of price movements that are happening, such as for example maybe when prices soar then we can sell some or some of our bitcoins to just take advantage and after that we can wait for the next moment when the price corrects or forms new support then we can take advantage by buying in the lowest area in your opinion with the money from the sale some time ago when bulish dominates, it is very reasonable and effective in my opinion. Yes it is true, that indeed anyone might have difficulty when looking for the right time to sell, there will definitely be doubts that come, but I think it goes back to each of them, if indeed they think the price is good enough to take advantage then just do it and never have a feeling of regret when it turns out that the price is much higher. In my opinion, one that can be used to complement this method is that we must at least understand some analysis in reading price movements at least in the near future, learn to determine support and resistance because with that I think you will be more helpful in terms of considering the decision to sell or buy at a reasonable and profitable price, I always do that way on my monthly DCA application.

It was not the best for short-term holders but for Long-term investors, they preferred to wait for the bullish seasons to arrive before selling rather than taking advantage of the short pumps. These people don't care about everyday market activities, they prefer to remain calm and focus on their target because they are also certain that ATH will come.

What I can suggest is to choose a strategy that you think gives you comfort and a profit, a way of investing that you will never regret.