Guys, just hold.. We can agree on a few things.

[kaya11]

People who have invested their extra money in this cryptos only can hold but if someone borrowed money to invest on these highly volatile market then they will be forced to sell if this down market hold for a long time. That's the most important thing is we never should borrow money to invest because we don't know the future how it will be.

I'm holding all my coins and now started to accumulate more some of the coins which I believe can grow big in future. I'm in this crypto investment for many years already so I believe that market will go up again but not sure when so just waiting for it.

This most likely happening right now, when they saw people are getting rich in investments like these they became hyped and sell their assets or get a loan  wanting to have the fortune of the early birds that have done so. When they see they are losing they sell and leaving them at great lose.
Well I HODL, I don’t short trade or anything too risky. I buy on a weekly basis, so I get an average price. Doesn’t matter if price is up or down. I buy Crypto a small percentage of my total investments, most probably 10% of the wealth I created goes into crypto. I don’t risk any more than this, just making sure that I won't lose too much.

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[MinerHQ]

People who have invested their extra money in this cryptos only can hold but if someone borrowed money to invest on these highly volatile market then they will be forced to sell if this down market hold for a long time. That's the most important thing is we never should borrow money to invest because we don't know the future how it will be.

I'm holding all my coins and now started to accumulate more some of the coins which I believe can grow big in future. I'm in this crypto investment for many years already so I believe that market will go up again but not sure when so just waiting for it.

Great post. And I totally agree. However can you imagine how many people borrowed money to long Bitcoin?
Man these margin traders are crazy. Many gamblers who don't give a damn about risk management. Leverage trading in crypto has grown tremendously over the last 6 months. And now the big guys with all the high level skills and strategies take advanate of that and kill all the retailers.
This market is so choppy at the moment, you either scalp for a 100 bucks a day with a trade account of medium size and without trading leverage, or you just hold and dollar cost average in.

I know many people did this mistake and that's why said we shouldn't borrow money to invest. There are few people who I know personally and they knew that I'm investing in crypto for a long time but they neglected when bitcoin prices were few hundred dollars but same people last year borrowed money from banks to invest when prices were almost at its peak. Now those guys are in full losses but scared to average down their prices because they think that prices still can go down.

I suggest don't wait for the markets to bottom out because no one knows about it. So just start buying small quantities now and then to get a good average buy price.

[Ryanpogi]

That's right if you hold it, you're not pushing it. if you have a lot of money to hold you first, if you do not have a sale first. That's just simple. thanks ..

[Goodmens]

Those who got in at a far number dont really have much of a choice.
Selling will just make the losing part at a larger number.

I guess I would agree with your opinion. We are not that veteran when it comes to financial fluctuations. I dont have a degree of anything about economics or finance.

All we can do is rely with the technology. Somehow it is changing and the wave tells me bitcoin and other crypto will be part of that.

Merits for being unique. Thanks.

I appreciate your generous gesture! It's only fair I show my gratitude and compensate you. Please add your BTC address here and give me PM

People who have invested their extra money in this cryptos only can hold but if someone borrowed money to invest on these highly volatile market then they will be forced to sell if this down market hold for a long time. That's the most important thing is we never should borrow money to invest because we don't know the future how it will be.

I'm holding all my coins and now started to accumulate more some of the coins which I believe can grow big in future. I'm in this crypto investment for many years already so I believe that market will go up again but not sure when so just waiting for it.

I appreciate your generous gesture! It's only fair I show my gratitude and compensate you. Please add your BTC address here and give me PM as well

[Supercrypt]

Yeah people not really learn from mistake and they keep on complaining when the price is falling down, and most of them not prepare to lose money, when the price really fall down they will panic and spread FUD news, most of the investors are newbie investors that attracted by greed, so they dont learn any history chart or how the market works, for the one that already experienced, they will hold when the price is falling down, and will sell when the price is high

The funniest part is that this is not the first time we are going to be seeing some huge volatility or drop in price like this and would not be the last time, but after then, the market always comes back strong and great, but indeed, we will still always get people who are always fond of complaining. It is entirely up to them anyway if they are just here for the profit or to be a part of the future.

Some of 'newbie investor' usually doesnt know about ICO, even if they know, they can probably got scammed with fake ICO so easily. So, hodl is better. Tho, i will agree with that but not for new investor. 

In fact, ICO is even the most wrong place for a newbie who is still finding it hard to hold the bitcoin they have. I guess some are already will just have to learn from the experience as we all have one way or the other. We will keep seeing newbies, we will keep seeing those who will always get greedy, and even when we have a real usage, even with some low level of volatility, we may still have some people who will never stop complaining.

[Daimon88]

None of us, has a crystal ball and we're not all-in on the tech, we are emotional individuals and we've been financially attacked.  

If the majority of us were looking at the same chart and a general direction of the market, guess who will see that, and take advantage when opportunity awaits. It's the seasoned vets. They've been there, done that. The finance guys shorting the markets for a living. We could argue speculation, math and politics all day long, but, what's been done has been done. None of us have crystal balls. One instrument we access to is past history. We can see that they are real numbers. But they are in the past for everyone else to see.. I want to quote a few of Warren Buffett's quotes that came up in my mind when people were panicking.

"The investors of today does not profit from yesterday's growth." "Someone is sitting in the shade today because someone planted a tree along time ago."

"What we learn from history is that people don't learn from history." When investors get either too fearful or too greedy, they sometimes hide behind the notion that "This time it's different." Usually they regret it.

"If past history was all there, the richest people would be librarians."

You can teach risk management, but you can't teach balls. It's definitely going to be harder to grow your investments in this space. My personal advice would be to hold. I don't know where you got in or out, but eventually, you will learn from your mistakes and you will have that much more knowledge in the next run. I hope this helps

Can't agree more on the first paragraph. Finance guys do make a living by making shortage or stocking the rarest things to be sold in a good amount of money if there is a shortage. From simplest to profit these guys can handle it that is what traders do also in either real life of crypto.

Someone who has been in the areas of finance would not even bother about what is going on as they already know what to do. Also, I like the part where the OP said the investors of today who are rich did not invest just yesterday. These dudes have been holding and most are still holding. A lot of people who just do not understand what they are holding, are those ones who really did not understand anything about the area of their investment and just want to get rich quickly.

[rickadone]

People who have invested their extra money in this cryptos only can hold but if someone borrowed money to invest on these highly volatile market then they will be forced to sell if this down market hold for a long time. That's the most important thing is we never should borrow money to invest because we don't know the future how it will be.

I'm holding all my coins and now started to accumulate more some of the coins which I believe can grow big in future. I'm in this crypto investment for many years already so I believe that market will go up again but not sure when so just waiting for it.

Apparently, I would not expect someone who has decided to tend towards the greedy path to not get emotional. Like you have said, most people could have decided to borrow just to hit it big, pay up their debt and then live a big life without even understanding a single thing about what they are throwing their money into.

Obviously, people like this would get emotional and panic, but for someone who invested just little and understand, would rather just go on with their daily activities without worrying about what is going on.

[missmaria]

Agreed. We all should just wait - politicians are playing a big game behind the scene; the result may be unpredictable.

[billbear]

Crypto is realy new-era activity, so our generation, not like the previous has an ability not to fear trying something new.
we will study it, try it and take over.

[arpon11]

I was about to sell some of my holding before come across this powerful post that you have made. I think I will hold and I believe that event of the past is going to repeat itself again. Bitcoin has been doing very well since middle of last year when it breaks $1750 upper channel and to me the current price is still at the bullish area if we look at the historical data. I have been holding and I think the only way to be among the rich in future is to hold for a very long time.

[sheenshane]

I was about to sell some of my holding before come across this powerful post that you have made. I think I will hold and I believe that event of the past is going to repeat itself again. Bitcoin has been doing very well since middle of last year when it breaks $1750 upper channel and to me the current price is still at the bullish area if we look at the historical data. I have been holding and I think the only way to be among the rich in future is to hold for a very long time.

Not all people are holding for too long there is such time that they may need money or urgent situations, and I was experienced that before.
I was holding bitcoin but suddenly I really need money and no way to run, so, I have no choice to convert my bitcoin to cash, but I convert exactly that I need.
No doubt with bitcoin it will still be raising up so just have patience and hold because that is intended for brighter future purposes.
As long as you can hold do it and wait until the price is bouncing back.

[Fatunad]

I was about to sell some of my holding before come across this powerful post that you have made. I think I will hold and I believe that event of the past is going to repeat itself again. Bitcoin has been doing very well since middle of last year when it breaks $1750 upper channel and to me the current price is still at the bullish area if we look at the historical data. I have been holding and I think the only way to be among the rich in future is to hold for a very long time.

Come to think off on getting rich would only be possible on how much bitcoin you do hold for a long period of time.If you hold close to hundreds then its possible but if you do only hold a little then getting rich isnt achievable and thats reality but somehow we can able to make money even just doing short tradings,sounds easy but would really be too hard to execute.Talking back on the things on where OP do try to say here, being impatient wont really give any good results.

[KalaiBTC]

I definitely agree with you OP, and I made myself clear to learn from my past mistakes. Back when I just started out trading and claiming faucets. I was too excited to earn from the coins I bought and sadly by the time I bought them I didn’t realise it was pumping, and so I obviously bought them at the highest peak and panicked and sold them at loss. Corrected my mistakes by holding them much longer and reading articles about the market, reading tips from veterans in this forum and did not regret my decision.

Buying ETH will be good for you as the prices for ETH have been so low right now. But what pinches me out here is your holding strategy. Actually altcoins don’t have big market so they don’t come out of the dip once gone down. So holding would be of not much profit as you would be getting higher margins of profit if you hold bitcoins. So review your decision and see if this can happen.

[benalexis12]

Yes I agree with you, with some point. But in this case we have different perspective about our strategy Yes, we trade altcoins and it goes the same thing when market gets bullish we sell and buy dip. Maximalist embrace the dip coz they know how much money they can put in.

[Moiyah]

People who have invested their extra money in this cryptos only can hold but if someone borrowed money to invest on these highly volatile market then they will be forced to sell if this down market hold for a long time. That's the most important thing is we never should borrow money to invest because we don't know the future how it will be.

I'm holding all my coins and now started to accumulate more some of the coins which I believe can grow big in future. I'm in this crypto investment for many years already so I believe that market will go up again but not sure when so just waiting for it.

Definitely. As I have planning to get some loan and invest it in bitcoin is literally not a good idea based on an expert in crypto investments. I just hold back and just saving money from my salary then probably if I'm lucky enough to reach the todat's btc price, then in God's guidance I Will invest into it and I will take the advice of the others here whom successfully been gain profits from it.

[BarbusseH]

On the other hand. It can be kept for a long time, but in case there was a variant with the best profit / risk ratio, then it is necessary to invest in it.
When you see how you can make money, do not waste time waiting.

[barbara44]

I definitely agree with you OP, and I made myself clear to learn from my past mistakes. Back when I just started out trading and claiming faucets. I was too excited to earn from the coins I bought and sadly by the time I bought them I didn’t realise it was pumping, and so I obviously bought them at the highest peak and panicked and sold them at loss. Corrected my mistakes by holding them much longer and reading articles about the market, reading tips from veterans in this forum and did not regret my decision.

It all depends on the nature of the crypto coin which you have which can then help you in making a better decision that whether you should go for holding or trading of any of the crypto coin. If you have coins like that of bitcoin and ETH, then holding can help you out in the best possible way and that this will no doubt bring lot of money for you in the future as well which you can use for a better living.

[ghost14k]

Well i will agree with you but some are already frustrated, don't blame them though. Most entered crypto because they kept hearing "LAMBO" thinking you just walk in and pick one and walk out. Telling someone that entered at 20k is like telling to wait forever, Noobs idea but still sell all and walk or simply HODL. I already learnt that no matter how smart you think you are this market will always beat you with a new move. Trade with caution.

[HolderLoo]

In my opinion, holding is the most popular and effective type of investment in the crypto market. It is easy to recognize the profitability of the crypto market and the investors as we derive from the decentralized supply and depend on the mining process. In addition, the demand and popularity of the market is increasing rapidly. I agree with the captive (captive) plan that will generate greater profits than day trading or trading.

[FrueGreads]

I agree with you, and for me, the best solution for what is happening right now with the markets is to hold and take the time to keep study how bitcoin is evolving. An even better decision would be to keep buying, but only if people can afford it. The market is not falling just because people are panic selling. There is of course some market manipulation going on but I will not talk about that.

There are a lot of users selling now, in order to buy later at a better price. Nothing against that if trading is their thing, but there are also a lot of users panic selling, and those will just get burned again, and that's just said. The problem is that those users probably failed on the first rule of investment, that is never to invest more than they can afford to lose.

I won't lie, I've also sold some coins because I'm not rich, and I couldn't afford to lose the value those coins had at that time, but I did hold some, and right now, I'm trying to accumulate as much as possible, because I see a lot of potential in this.

I only sold because I absolutely had to, so for those out there with doubts right now, I will say:

Make a small sacrifice if bitcoin makes sense to you, as it does to me. Sell only the essential, and buy only what you can afford to lose. Hold that sweet spot of coins, so that you don't care about it's price, and you will probably be rewarded in the future. If not, you still did the right thing, because the investment made sense to you.