Screw that, I'm hodling

[Nosk]

Please stop spreading fud continuously. This is just boring. Plus, listing "facts" in the post you linked, without any source, won't help anyone.

[newwest]

That's the spirit of a trader. You trade when you have the guts to hold  or else you won't earn anything on your investments. Bitcoin will surely revive in one of these days and those who are accumulating now will once again enjoy

Trading itself is a very risky job as markets goes up and down. Cryptocurrency being very volatile the risk is even much higher and one must have patience in order to avoid any panic selling which can turn into a huge loss as potentially after the fall market will rise more strongly than and will rise back again.

[sjefdeklerk]

Please stop spreading fud continuously. This is just boring. Plus, listing "facts" in the post you linked, without any source, won't help anyone.

If you don't like what I say, make a counter argument. If you think something is wrong with my arguments why LN will fail, then make that argument. It's much more effective than trying to downplay arguments with simply calling them "FUD".

[Silberman]

The issue with this is that holding isn't always the best option. Holding is the best option only if you believe that after each peak, bitcoin will surpass that peak once more in the future. There will be a time where bitcoin ultimately stops going up, and that's pretty much inevitable. We just don't know when that will be.

That part of your post includes everything that's needed to be said about why holding has been the best option thus far, and still IS the best option in the forthcoming years due to the insane growth potential. I probably shouldn't have used the term always, because this directly implies that the market will always keep increasing, and that indeed can't be the case for ever. However, with what we have experienced in growth thus far, and with the potential growth that we can still gain, holding at this point remains the best and easiest way of getting that growth exposure.

It depends on what kind of time reference you are using, in the short term is impossible for the price of bitcoin to keep going up, there are going to fluctuations in the price, but if you are thinking in the long term and you look at the overall trajectory of bitcoin you see that the direction goes up, yes there are crashes but if you were to draw a line from almost any point of time to today you will get a line that goes up and that is why holding is recommended as the best strategy.

Yeah but i get the point that btc won't be there and eventually we'll all have to sell whether btc meets expectations or not. For now though, and with the market like this, i agree that holding is the best options since i believe that bitcoin still has a lot in it and will push forward after it get through with this obstacle.

Right now, holding seems like the only option, trading could be a good idea to those that are very good at trading but in this market that keeps going down and that now puts bitcoin at 7k is a very dangerous market for the inexperienced trader, in fact I will not be surprised if people were getting out of bitcoin for the time being until things get better but I do not like that option at all since that will mean taking huge losses.

[sjefdeklerk]

Right now, holding seems like the only option

Exactly. Because bitcoin will ALWAYS go up. That's a FACT. A guarantee. A certainty. Nature's law. It can NOT go wrong at all!

[Baoo]

Actually, the right decision in this total decrease is to buy, hold, and invest a large amounts of Bitcoin and other currencies but before that we should read the events of the market in a good way, especially  in this duration which are difficult  then must be purchased in medium quantities of various currencies in each event of every period.
On the other hand, for every trader this is the best period to ensure  the  financial profit in a long term because this crisis is temporary and after that many currencies will progress in a fast way.

[sjefdeklerk]

Actually, the right decision in this total decrease is to buy, hold, and invest a large amounts of Bitcoin and other currencies but before that we should read the events of the market in a good way, especially  in this duration which are difficult  then must be purchased in medium quantities of various currencies in each event of every period.
On the other hand, for every trader this is the best period to ensure  the  financial profit in a long term because this crisis is temporary and after that many currencies will progress in a fast way.

BBBBBBBBUUUUUUUUUUUUUUUUUUUUUUUYYYYYYYYYYYYYYYYYYYY

[Denker]

Another bloody day.
Bitcoin already below $7000 on most exchanges.
The big guys want more blood on the streets. Be mentally prepared!
Calling a bottom now is pretty hard. But these are good prices to buy a bit.
So average in if you have some money left. Then put your coins away and don't touch them for at least 12-24 months.
If Bitcoin keeps doing what it did the past it'll definitely pay off for you.

[sjefdeklerk]

But these are good prices to buy a bit.

Haven't you guys been saying that since the first dip back to $19.000? It's all I've been reading here, day in, day out "it's a great price to buy some more now!" And now we're at frikking $6750

[bhadz]

But these are good prices to buy a bit.

Haven't you guys been saying that since the first dip back to $19.000? It's all I've been reading here, day in, day out "it's a great price to buy now!"

Its phenomenal to date back those speculations with the first dips to say that its a good time to buy. As bitcoin keeps on putting that much effort to plummet well take this time as the "real" great price to buy now. 

Exactly. Because bitcoin will ALWAYS go up. That's a FACT. A guarantee. A certainty. Nature's law. It can NOT go wrong at all!

Bitcoin won't always go up, you are witnessing on how its moving the sideway now but still let's just give our hope because bitcoin will give us some good and nice chill after this disaster. Whoever is causing the market to be in red all day long, he needs to take a rest.

[severaldetails]

I am holding as well. Dips won't harm me, I have time to wait.
It really feels strange though. On the poloniex market depth, you already see buy orders for 2K again. It feels like ages since I saw one of those the last time. Let's just hop they will never be executed.

[Silberman]

I am holding as well. Dips won't harm me, I have time to wait.
It really feels strange though. On the poloniex market depth, you already see buy orders for 2K again. It feels like ages since I saw one of those the last time. Let's just hop they will never be executed.

LOL I do not know what to think about it, I do not know if those people are being too optimistic thinking they are going to be able to buy bitcoin once again for 2000 dollars or maybe they are too pessimistic thinking the price is going to crash even harder and are preparing themselves for that scenario, but whatever the case bitcoin seems to have recovered a little and with a little luck we are never going to see those prices again.

[gabmen]

I am holding as well. Dips won't harm me, I have time to wait.
It really feels strange though. On the poloniex market depth, you already see buy orders for 2K again. It feels like ages since I saw one of those the last time. Let's just hop they will never be executed.

LOL I do not know what to think about it, I do not know if those people are being too optimistic thinking they are going to be able to buy bitcoin once again for 2000 dollars or maybe they are too pessimistic thinking the price is going to crash even harder and are preparing themselves for that scenario, but whatever the case bitcoin seems to have recovered a little and with a little luck we are never going to see those prices again.

Lol. They may have had their hopes a bit too high there. I also don't think those orders aren't going to be filled anymore. We're pretty much over the slump now and we're having minor dips that isn't something to be concerned about.

[sjefdeklerk]

I currently am in the same state of mind as last January. BTC went up and then straight down. I have learn my lesson, next November / December I'll probably sell a few to take profit.
Plus, I am trying to be realistic here :
-There was an unprecedented bullrun to 20k. Odds are veeeery very thin that, in the life of btc, we don't see another similar bullrun again.
-Goldman Sachs exchange !
-Lightning network (dunno really if this will help btc to recover, but hey, still looks bullish to me)
-Maybe some future nice fork annoucements ?
-No more weak hands since the 'crash'

I am hodling at least until mid summer of this year. And if the price stays down, then that would mean to me that I definitely missed the big opportunity at the 20K USD ATH.

HODL

Just wanted to check up on you. Are you still hodling?

[fasdorcas]

Just wanted to check up on you. Are you still hodling?

But I am holding till now. Moreover I have been holding since late 2013. Practically I am holding by keeping faith on bitcoin always high. I feel like I do not have too much options to be honest with you. I can sell right now of course, that's always an option but why would I sell when I am at a minus, if you do not need the money for something there is no need to sell it at a loss.

Yeah, there are "traders" who always support the idea that you should sell now and buy back later when it drops but I don't know if it will drop even further ? Who knows that. So I keep it, I hold it right now however not because I want to, but because I have to. I would rather sell all my bitcoins 10 days ago and spend that on something else rather then keeping my bitcoins right now but I didn't know it would drop this badly again so here I am with a lot of money that is basically vanished and will have to wait until they come back.

[South Park]

The idea of holding your coins despite what happens can be very profitable but only if you are willing to do it for a very long time, if someone is planning to just hold for the next six months and then decides if he sells or not, he is not really holding he is a long term trader and the cycles in which bitcoin moves takes longer than that so it is very likely that the price of bitcoin is not going to recover by then.

[Blue9999]

I currently am in the same state of mind as last January. BTC went up and then straight down. I have learn my lesson, next November / December I'll probably sell a few to take profit.
Plus, I am trying to be realistic here :
-There was an unprecedented bullrun to 20k. Odds are veeeery very thin that, in the life of btc, we don't see another similar bullrun again.
-Goldman Sachs exchange !
-Lightning network (dunno really if this will help btc to recover, but hey, still looks bullish to me)
-Maybe some future nice fork annoucements ?
-No more weak hands since the 'crash'

I am hodling at least until mid summer of this year. And if the price stays down, then that would mean to me that I definitely missed the big opportunity at the 20K USD ATH.

HODL

Just wanted to check up on you. Are you still hodling?

Man you were right on about below 4k price on BTC in the first page