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Author Topic: Screw that, I'm hodling  (Read 920 times)
Nosk
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January 17, 2018, 10:06:17 AM
 #1

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
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January 17, 2018, 11:12:28 AM
 #2

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

Remember the mtgox crash? It takes a while, but it was go from zero to 1200, back to 150 and up to 20k. Stay behind the idea of the bitcoin and I promise you that you will have a great future. Don't let the btc - fiat value fool you on short terms

kwukduck
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January 17, 2018, 11:51:02 AM
 #3

Annd That's how you lose money.

14b8PdeWLqK3yi3PrNHMmCvSmvDEKEBh3E
sjefdeklerk
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January 17, 2018, 12:02:08 PM
Last edit: January 17, 2018, 01:37:18 PM by sjefdeklerk
 #4

BItcoin failed as a payment system, LN is a joke, governments cracking down. It's game over, next stop $8000 after that I see it crashing < $4000
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January 17, 2018, 12:06:01 PM
 #5

Holding is always the best option. I have been holding for years, and the peak to nearly $20,000 made my holdings worth more than ever before, but it's nothing more than a profit on paper. In the same way, you have just a loss on paper. If you have been following the market for a while, and see how profitable these movements are, try to trade the market. One stash is purely for holding purposes (you don't touch these coins for a very long time), and one stash purely for trading purposes. These insanely volatile days allow you to take advantage of these money making opportunities, but you have to understand what you are doing, and have to be willing to trade against the volatility. If you're not a trader, then just keep holding and use these lower levels to accumulate (if you have free capital).
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January 17, 2018, 12:07:41 PM
 #6

Holding is always the best option. I have been holding for years, and the peak to nearly $20,000 made my holdings worth more than ever before, but it's nothing more than a profit on paper. In the same way, you have just a loss on paper. If you have been following the market for a while, and see how profitable these movements are, try to trade the market. One stash is purely for holding purposes (you don't touch these coins for a very long time), and one stash purely for trading purposes. These insanely volatile days allow you to take advantage of these money making opportunities, but you have to understand what you are doing, and have to be willing to trade against the volatility. If you're not a trader, then just keep holding and use these lower levels to accumulate (if you have free capital).

LOL.

"It's trading 17000 now, great time to buy"
"It's trading 16000 now, buy more"
"Wow, 15000 it will bounce soon, buy now"
"14000, very cheap to buy more"
etc etc etc

Now we're at $9846, soon at $4000. Don't believe? Just wait till the real fear starts kicking in, we're really close to that now.
Nubitcoinerr
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January 17, 2018, 12:09:15 PM
 #7

I've sold my coins recently. If history taught us anything, we know the bubbles are parabolic, but the bear trends are super long. I'm not worried, it's unlikely going to go up anymore for a long time.

It's going to take a lot of new money to sustain bitcoin, who is going to put millions and millions onto some exchange now?

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January 17, 2018, 12:11:45 PM
 #8

If history taught us anything, we know the bubbles are parabolic, but the bear trends are super long. I'm not worried, it's unlikely going to go up anymore for a long time.

It's going to take a lot of new money to sustain bitcoin, who is going to put millions and millions onto some exchange now?

Bear trends are not longer in time, but are way more extreme in price depreciation. What needs to be build in 1 year can be destroyed by bear runs in 1 month or less.
thecodebear
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January 17, 2018, 01:23:04 PM
 #9

I've sold my coins recently. If history taught us anything, we know the bubbles are parabolic, but the bear trends are super long. I'm not worried, it's unlikely going to go up anymore for a long time.

It's going to take a lot of new money to sustain bitcoin, who is going to put millions and millions onto some exchange now?


There are literally hundreds of thousands of people signing up on exchanges every single day. That's who.

I write about bitcoin, crypto, money, and early retirement. Become a Medium member to read all my content:
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Nosk
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January 17, 2018, 01:32:16 PM
 #10

I've sold my coins recently. If history taught us anything, we know the bubbles are parabolic, but the bear trends are super long. I'm not worried, it's unlikely going to go up anymore for a long time.

It's going to take a lot of new money to sustain bitcoin, who is going to put millions and millions onto some exchange now?


There are literally hundreds of thousands of people signing up on exchanges every single day. That's who.

Yup, and the current 24h volume on kraken is 20,243.61 (yesterday ~same hour it was ~15k).

That is litterally millions and millions. Smiley
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January 17, 2018, 01:52:49 PM
 #11

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

In this kind of situation, Holding is the best logical options, why would you dump it at the current price? It doesn't make sense at all. If someone is going to dump, it should be done when the price peaks at $19,000 and not when the price is going down. Actually this is the best time for those who don't want to missed the hype train. Accumulated more bitcoins now before you lose that opportunity. We will definitely see another massive bull run, when everything turns on our favor. You mentioned, Lightning Network(LN), yes, this could be the major factor to break from all this slump and take off once again. It's just a question on when it will be implemented. As for the weak hands, they are literally the first to bail out of the market when the price is falling. Just continue to hodl and thank yourself later because you made a good move.

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wuvdoll
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January 17, 2018, 02:07:35 PM
 #12

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.
You may go wrong as per what happened with bitcoin prices in previous years. Bitcoin went to $1200 in 2013 and then fell down to $180 in 2015 and then raised to $20,000 in 2017. So, you never need to worry on today's bloodbath as bitcoin prices are always tend to recover from any kind of downfall.

I am a long term holder. I preferred to hold even bitcoin prices touched some peaks from $220. I am targeting million dollar levels for bitcoins hence I am not basically bothering about in between time ups and downs.
Nosk
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January 17, 2018, 02:16:23 PM
 #13

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.
You may go wrong as per what happened with bitcoin prices in previous years. Bitcoin went to $1200 in 2013 and then fell down to $180 in 2015 and then raised to $20,000 in 2017. So, you never need to worry on today's bloodbath as bitcoin prices are always tend to recover from any kind of downfall.

I am a long term holder. I preferred to hold even bitcoin prices touched some peaks from $220. I am targeting million dollar levels for bitcoins hence I am not basically bothering about in between time ups and downs.

Yeah but it is always nice to sell high / buy low few times so you can have more millions at the end Smiley
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January 17, 2018, 02:22:14 PM
 #14

You are wrong, you're not losing your money instead you have an option to hold your bitcoin. Nevermind the downfall of bitcoin today because if you see the chart since the beginning you may know the history and don't panic. Holding is you make more profit.
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January 17, 2018, 03:10:36 PM
 #15

Holding is always the best option. I have been holding for years, and the peak to nearly $20,000 made my holdings worth more than ever before, but it's nothing more than a profit on paper. In the same way, you have just a loss on paper. If you have been following the market for a while, and see how profitable these movements are, try to trade the market. One stash is purely for holding purposes (you don't touch these coins for a very long time), and one stash purely for trading purposes. These insanely volatile days allow you to take advantage of these money making opportunities, but you have to understand what you are doing, and have to be willing to trade against the volatility. If you're not a trader, then just keep holding and use these lower levels to accumulate (if you have free capital).

no....btc>>>better than paper money

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https://www.binance.com/?ref=10062065
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January 17, 2018, 03:42:56 PM
 #16

At this point, I do not think that forks, halvings or technical developements have to do something with price building.
It's pure psychology, mostly fear. And that is something that has to cool down. Otherwise your decisions are clouded and often lead to an unfortunate outcome.
Me, I'm a holder.
When I  know in advance that I do not sell, that saves me the decision making process and with it many troubles.

  It's me!!!
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January 17, 2018, 03:52:59 PM
 #17

I also hodl because this panic is not worth my peace of mind. I'm now down 75% on my profits and this is still a healthy correction in my eyes. Hopefully after this we will have less moon lambo kids here as they now probably all ran for the hills.

Sometimes I just wish I was smarter in taking profits and having fiat ready when things are on sale like now. I could make a freaking killing. But then I'm greedy and think it's going to go up forever. I can never quite predict the peak. But now you can double or triple your money in coins (including BTC) that just have to revisit their previous ATH. It's an amazing opportunity.
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January 17, 2018, 04:03:43 PM
 #18

I also hodl because this panic is not worth my peace of mind. I'm now down 75% on my profits and this is still a healthy correction in my eyes. Hopefully after this we will have less moon lambo kids here as they now probably all ran for the hills.

Sometimes I just wish I was smarter in taking profits and having fiat ready when things are on sale like now. I could make a freaking killing. But then I'm greedy and think it's going to go up forever. I can never quite predict the peak. But now you can double or triple your money in coins (including BTC) that just have to revisit their previous ATH. It's an amazing opportunity.

I feel you bruh.

Wish I followed the rule of selling 10% every doubling price in December so I would have some sweet cheap coins... Sad
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January 17, 2018, 04:09:39 PM
 #19

I also hodl because this panic is not worth my peace of mind. I'm now down 75% on my profits and this is still a healthy correction in my eyes. Hopefully after this we will have less moon lambo kids here as they now probably all ran for the hills.

Sometimes I just wish I was smarter in taking profits and having fiat ready when things are on sale like now. I could make a freaking killing. But then I'm greedy and think it's going to go up forever. I can never quite predict the peak. But now you can double or triple your money in coins (including BTC) that just have to revisit their previous ATH. It's an amazing opportunity.

I feel you bruh.

Wish I followed the rule of selling 10% every doubling price in December so I would have some sweet cheap coins... Sad

Yes, taking profit on the way up and cost-average buying in stages on the way down. I also wish I had the commitment to follow the simple 50/25/25 rule. 50% BTC, 25% big caps, 25% small caps. My altcoin portfolio is getting rekt.
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January 17, 2018, 04:53:32 PM
 #20

Now we're at $9846, soon at $4000. Don't believe? Just wait till the real fear starts kicking in, we're really close to that now.
What's the problem? People make decisions based on specific situations and time frames, and as you know, situations and sentiment can change in an instant here. As bad as the market may look right now, we can be up for an increase again tomorrow, or perhaps even later today. This correction attracts capital, and this capital will soon be ready to flow into this market. And to add; people will not continue to keep selling as they will soon realize that it's just a stupid practice.

no....btc>>>better than paper money
I was talking about profit and losses on paper, and not about paper money. Profit or losses on paper occur when you buy 1BTC at a certain price, and you'll see an increase or decline afterwards. In reality you haven't lost or gained anything because you still have your 1BTC, but if you purely look at the value aspect, it is then considered to be an on paper result.
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