HODL approach is good or not its depend on our strategy but most of peoples who enter right time in market than they believe in for long term hold also one of those who enter in market in wrong time, they buy bitcoin when price was $20k and than suddenly bitcoin price fall and holding bitcoin is compulsory for them. but most of time long term investment give profit to investors but market entry and exit timing is important. if we take bitcoin as a investment scheme not as a technology than we can't understand bitcoin and behind its blockchain technology.

Sorry for ur loss but after loose 4.5 bitcoin than u need to learn lesson when enter in market and exit. in crypto two kind of peoples exist one is panic seller who sell their bitcoin in loss when market start fall and second is panic buyer and you are one of them because they buy bitcoin when price was its all time high and they think market will make new high and we get profit than suddenly market start falling & they get loss. so if we are planing to invest in bitcoin than we need to learn charts and technical skills for trading in market.

Yes most of politicians is holding bitcoin in bulk quantities because they know this is the safest system to secure their fund and they can convert their black money in bitcoins and governments can't track it. because they know the value of bitcoin and this cryptocurrency future is bright. politicians is biggest threats to this financial system and crypto is good opportunity to make their bright future.  in India income tax department can't find these kind of transaction because they can hold millions of bitcoins in small hardware wallet or online wallet.  

Ur post is really good because most of peoples do mistakes in downtrend and most important thing is peoples get panic so we need to play according to strategy we can make stop loss on particular point also identify entry and exit point of market. and don't get early involvement in market in downtrend because market make new low in bearish trend, whenever we not get confirmation in chart for entry than don't need to trade and stay away from market.
important thing is never sell in loss because no one know when bitcoin market make new bullish trend and do investment for long term with good entry point.

Obviously panic sellers is here because of rumors creating by many peoples and want to fall price of bitcoin and other crypto markets so they can buy cryptocurrencies in lower price but who believe in these kind of negativity than crypto market is not for them. if they hear any negative news about bitcoin than they sell their portfolio and they do this because fear of loss.so if we have patience and we can invest for long term than we need to go ahead with crypto otherwise not,crypto market is volatile and here only those peoples survive who can invest with strategy and technical skills.

I think bitcoin will be popular in upcoming years and demand will be more so automatically market will make new high also bitcoin will be use for daily requirements and peoples can spend bitcoin as like fiat currency. bitcoin was developed for digital transaction and peoples can easily send small and bulk transactions with minimum fee. now experienced and newbie interested in bitcoin because of price touched $20k in December 2017. i think bitcoin will be global digital currency and give tough competition to other fiat currencies.

Now crypto industry is facing hacking and scams so before investment we need to do research on our level or take expert advise about project where we are planing to invest because crypto transaction is not reversible and decentralized crypto network can't track it. because of scams and hacking peoples are hesitate to invest in cryptocurrencies. scammers attract peoples to give big profit in less time and peoples easily fall for in this kind of scams and mostly newbie easily invest.

This is the big question leave or not but who is planing to leave crypto because of this downtrend than they again enter when market start recover because cryptocurrency market is addiction and we can't leave it easily. if we are selling our portfolio in loss than we get loss otherwise not until we sell our coins & this is the patience tester time who really believe in cryptocurrencies. one thing is bearish market never stay forever and if we see history about bitcoin & other crypto price than we already saw this kind of downtrend.

Now many online websites and offline merchants accepting bitcoin as a payment but not all so you need to find it but if u are purchasing some lower price stuffs from bitcoin than transaction fee will be more than ur stuffs. american express or VISA is not providing these kind of facility but we can spend our bitcoins but can't hold as a physical currency. i think soon we can spend our bitcoin for our daily requirements also many companies like BMW,Samsung is accepting bitcoin as a payment.

In initial days if we are planing to enter in cryptocurrencies than we feel its real difficult to understand and same thing i faced in 2016. but after that u get addicted to cryptocurrencies. first step what is crypto and how we can purchase,hold and make transactions also what kind of wallet we need to use for cryptocurrency buy and sell and what is blockchain technology how we can track our transactions also how can we make secure our coins via various security method like 2FA,Hardware wallet etc & cryptocurrencies made for small and bulk transactions with minimum fee.

If u are looking u always get profit from bitcoin this is not possible every time because bearish and bullish trend is part of market and bitcoin investment is better than banks because banks make double our money in 5 to 6 years so we are planing to invest in bitcoin than go for long term. bitcoin is not a quick rich schemes like we invest thousand dollars & get double in few days. now market situation is really panic but we need to give time bitcoin because every bearish trend never stay permanently so soon we will see new bullish trend in bitcoin market.

U can suggest and give explanation why they invest in crypto but don't force them because when market fall for more down prices than they will blame u also told them they need to do long term investment in bitcoin. now market is in downtrend since few months so chances is too much market will make bullish green candles in Quarter 4 of this year like last year and bitcoin price is moving between $6k to $7k price so we can make profit in small pump and dumps. this is the right time for investment in bitcoin or in any other coins because we not see any major move of bitcoin in this year.

I am never believe in prediction from peoples because no one can predict exact future of market, i do my research and analysis on my level and do work with guesses sometimes i was wrong and sometimes right. whoever predict the price of bitcoin they do according chart and analysis knowledge and most of use trend lines,support and resistance. in last year when bitcoin fall from $20k price than some predict price will stay at $15k,$12,$9k but market was crashed and come near $5k. that time i understood no one can say what will next move of bitcoin.

If bitcoin keys generated than it will work forever and if u are planing to hold till 2025 than u can assured ur bitcoin is safe if community will upgrade bitcoin and behind its technology than most of bitcoin holders will affected with this decision so upgradation chances is less. but still u are confuse than u can try hardware wallet for store ur bitcoin but bitcoin is the technology and no one can predict what will happen in future so take ur decision according to your strategy and thoughts.

Bitcoin is depend on blockchain technology and this is the best way to make digital payment in small or bulk quantity with minimum fee. who is saying bitcoin is bubble and soon this will die because of this long time downtrend of market but they don't know downtrend and uptrend is part of market so they need to do some research about bitcoin and its value for future generation. most of peoples are taking bitcoin as a investment scheme because they need profit & don't wanna lose, when market go for down trend than they start shouting bitcoin is a scam. so they need to learn some basics of trading and market entry,exit timing.

In this downtrend all other Altcoins in their all time down price and bitcoin is stable between $6000 to $6500. bitcoin is the first cryptocurrency which come with blockchain technology and developed by Stoshi Nakamoto, now most of investors trusted in bitcoin, no other cryptocurrency can beat bitcoin because of great community which support bitcoin in their own way also many companies are accepting bitcoin as a payment like BMW,Samsung. bitcoin demand is more so its value never decrease.

I don't care about their statements because they don't wanna see peoples make money or get success in their life because they know if people give importance to cryptocurrencies than no one will interested in Alibaba and in their business plans. but these peoples support stock markets because they want peoples invest in their stock not in bitcoin & they don't wanna loose their customer. they need to respect bitcoin and blockchain technology ,i think they are holding bitcoin in bulks.

They are business minded peoples and they need guaranteed return for their investment and bitcoin price is much volatile they need surety because bitcoin is decentralized currency and it can be use for illegal activities according to their opinion. other thing is they support stocks and share market because peoples invest in their stocks and they don't wanna loose their customer so they are giving these kind of statement. if peoples start invest in crypto than they loose their power and they don't wanna compromise with money and i think they have great stock of bitcoins .