I feel that most of the old bitcointalk members have already mastered the Art of Holding. Aren't you? Yes, I am talking to you SR. Member and above! I've bought bitcoin at 16,000$ plus, started to go up before it went down slowly plummeting its market value at 6,048.xx$ but i never felt fazed to even sell my bitcoin. I just realized that i am just a Full Member which makes me believe that those who know how to HODL are not Sr. Members and above only. Your rank and how long you been here does not have something to do with HODLing because HODLing comes from someone who has strong heart and strong belief of bitcoin no matter what their rank status may be, IMO. For those who have the courage to HODL despite all crisis, CONGRATULATIONS!
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Good thing you have bought it at a lower price. I didn't even know it went below 7,000$ when i decided not to visit crypto markets anymore as part of my HODLing scheme. And on top of that, i didn't visit crypto market because it'll just hurt that you don't have money to invest more when it's price is cheap.
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It's not about hodling that can give you profit. Yes, if you hodl while the cryptoworld is on crisis, why not also buy more because we know that crypto's price are very low this time?
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For those who doens't read or know about these, they actually get panicked and panic sell their bitcoin at a very low price which contributes to the dump and make bitcoin's market price to plunge deeper.
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after this major price correction. i want to see what are your ideas on this. lets say you bought bitcoin 2 years ago. you notice prices were high at 19,000$ should u sell or continue to hold? what are your thoughts after this huge correction?
it is probably too late to sell after holding since the 19000$ correction.
It's really bad how bitcoin's market price has dropped since it reached an all time high of 20,000$. It seems your faith in hodling is put in questioned whether you will gave in and sell at a losing price or continue to hodl no matter how worst the scenario will be. Now, if you will just sell, why would you sell at a losing price? Why not hodl more and wait until everything is gonna be alright?
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I just don't know but since bitcoin's price is continuously getting low, i just hope that bitcoin's price will only reach 5,000$ all time low and starts to climb back again soon. All i can do now is just hodl on to it.
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If we look at it on a larger scale, those rich whales who have voluminous amount of bitcoin have become more rich even if a small rise of bitcoin's price. Yes we know that bitcoin is indeed the biggest wealth distribution of this time but i think those who are just small investors could hardly feel about wealth distribution by bitcoin taken place.
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That's what i am exactly doing now even if bitcoin's price plummets down. But while others see this as a time to panic and sell bitcoins that they have, it's making bitcoin's price to plummet more. I think it's the best time to buy the dip now.
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It's not the right time to panic until selling all your money. Bitcoin value will recover do not be afraid be better to keep holding. The unstable of bitcoin is often happen.
Selling your bitcoin will just make bitcoin's price decrease more and instead of getting panic and sell your bitcoin at a losing price, just hodl what you got. And to make it more interesting here's what experienced holders' said, "buy the dip."
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As these weak minds gave in and pushed them to panic sell their cryptos, they are of course making the cryptocurrency/crypto market bleed more. So the more you sell, the cheaper it gets since it is understood that there is less demand of that coin already.
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I think of it twice for having my cryptocurrencies deposited on a bank. I think it's unsafe to trust another third party system that will hold my cryptos. I think i will just use my web wallet than depositing it to a bank or crypto exchange.
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The person who really knows the significance and had read history of bitcoin will always have the heart to HODL their bitcoins no matter how bad the situation is. But for those who panic sell, well, they're making bitcoin price even more cheaper as they sell their bitcoin and it's time to buy it now since its market value is still low. Time will come that bitcoin will rise again.
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Most of the people who owns bitcoin and are always checking bitcoin's market price are likely to be short-term investors. It is a good idea not to look/check on bitcoin's market price constantly this days too to avoid stress and depression.
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SIGNATURE BANNER CAN NOW BE OFFICIALLY REMOVED Thank you sir BM. I will remove my signature later. Congratulations for all participants in this very successful ICO.
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That's how volatile bitcoin looks like. Its market price will go down and up in a drastic way. Maybe people are dumping it since FUDing is always everywhere you can see. One factor that also causes these are whales (individual / group) selling their bitcoin in volume.
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If the transaction fees will continue and even grow higher in the next couple of years, then i don't think people will always get interested of it. Only those big time miners and investors are not affected with "high fees". And with high fees, it would likely result to a bloody market since noone wants to invest anymore.
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Complete anonymity and decentralization of bitcoin is both good and bad. For those who are decently earning bitcoin, being anonymous and decentralized bitcoin is good since their earnings are free of tax. For those who are also illegally earning bitcoin like those who are doing criminal acts, then its bad for them if it is not anonymous and decentralized.
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As we can see, people actually look bitcoin as investment rather than what Satoshi Nakamoto really wanted Bitcoin to be. Since people's lives have changed because of bitcoin and even have become millionaire, the demands of bitcoin rises drastically too.
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If i will speculate the future of bitcoin today, i can say that it will still survive even if bitcoin will continuously have a sluggish and bumpy road. I also believe that there will be time when bitcoin breaks out from its sluggish movement and skyrocket again to a new all time high and breaking its previous highest price ever recorded.
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If we look at bitcoin's progress this month, it's really a roller coaster ride for the crpytos and crypto community where only the strongest mind and heart to hodl are the ones who will likely gain more profit than those who panic sell because bitcoin will surely rise once again.
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