Anyone else just going to hodl?

[pooya87]

from the first day that i started with bitcoin whenever the market becomes absolutely unpredictable because of massive manipulation, i simply stay away from the market and let the manipulation to stop and the market to become more predictable.
i am going to continue doing that now too because currently there is no logic anymore and this drop is 100% manipulation and staying away is the best option.

now staying away can mean different things for different people. it may be selling and staying in fiat until shenanigans are over (which may be best for newcomers) or it can mean pulling my bitcoins out of the market and to cold storage until it is over (which is best for those who have been around enough time to know better that these manipulations aren't going to last forever).

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[hatshepsut93]

But of course. I'll be staying put until 2020 and then having a mull. Despite the current grind the amount of money and effort being thrown at growing this space is not letting up and that counts for more than a bunch of punks on Bitmex. At some point it's going to bear fruit.

Same here, it would be dumb to panic now because there will be halvening in 2020, which had previously came together will bull runs. Add some protocol improvements and stuff like Lightning, and you have a recipe for a new bull run. A lot of people currently regret not selling earlier, but Bitcoin could have just as easily changed its trend at any time, and then they would be in a loss just like now. Hodling is safe, you just need to make a good exit/partial exit strategy.

[Idrisu]

Bitcoin is heading toward $3000 as Chinese keep selling off.  I think we should not join this great dump because in some days to come bitcoin is going to recover.  The same rate it fall the same rate it will take up.  I am adopting holding policies.  I am not going to sell now.

[Flor1982]

HOLD is the best option in this ultimate dip because what is the point of selling it low now when we have already lose big? So better if we keep on holding specially if you are holding Bitcoin as it was in this market difficulties for so many times before and i see it keeps on bouncing back after it crashes.

[el kaka22]

Well, that is the bad thing about working for bitcoin. I am holding as much as I can afford to but I also need to cash out some bitcoins because I need money to live. The sad part is when I make a certain amount of money for working, I am actually making way less than I should have, I get paid a certain amount for all the work I do but when bitcoin goes down all my work becomes cheaper all of a sudden, which results with me having less money to spend on stuff and that leaves me with a lot less bitcoins saved up aside as well.

Right now, I have a lot of bitcoin compared to what I used to have because I got paid when the bitcoin prices went down, but even with more bitcoin than I used to have I have less fiat than I used to have as well. It is a weird spot to be on but I will never sell the bitcoins I do not need.

[Akoldi_ibk]

This bear market is taking too long to recover, and this current dip was so swift — caught me unaware. Right now, there is no point selling my bloody bags. Hodling until further notice.

[quartzz]

The CAC40 reached its all time high in sept 2000, 18 years ago, and never came close to it again.

[imapessimist]

This hodling nonsense is the biggest mistake anyone has made.  People should have taken some profit when they could and not held and held and held while Bitcoin goes down and down and down.  And then held and held till it goes down further.    They needed to take some profit when the going was good and not this mad stampede panic selling when it's crashing.  Or holding on till the bitter end.  

[jackg]

This hodling nonsense is the biggest mistake anyone has made.  People should have taken some profit when they could and not held and held and held while Bitcoin goes down and down and down.  And then held and held till it goes down further.    They needed to take some profit when the going was good and not this mad stampede panic selling when it's crashing.  Or holding on till the bitter end.  

I made a profit in the initial bear run.
$70 is good enough for me. But when I don’t think I’m going to be good at predicting the price as I have been. Then I’ll hold.

[BitHodler]

I do what I always do, which is dollar cost average my entry points. It feels way better doing it on the way down because it makes your fiat for once buy worthwhile amounts of Bitcoin instead of the usual small chunks.

I think that you at all times should have an open mind and a conservative stance when it comes to crypto, because I always had in mind that the $6000 mark wasn't anything special even though it held well for the most part.

I really feel bad for those seeing their bags lose more value day after day. It's true that people are responsible for their own actions, but you can't do anything other than feeling sorry for what they go through. No one deserves this.

[3la9l_kolbaCa]

Bitcoin is heading toward $3000 as Chinese keep selling off.  I think we should not join this great dump because in some days to come bitcoin is going to recover.  The same rate it fall the same rate it will take up.  I am adopting holding policies.  I am not going to sell now.

If that would be your premonitions mate, I guess it will be possible but for the long run being active with crypto it will recover back to peak price. The surges from past price increase will be achieved again, and will provide everybody a sustainable benefit.

[thecodebear]

And what if Bitcoin stays under 2k€ for years, could you hodl?

The recovery after the crash dec 2013 took years.

It took two years.

And it started going up like 9 months after hitting $200. So if this is like the last drop in early 2015 that took it down to under $200 then even if it took as long as the last crash it did not take years, as quartzz says, by next Fall price would be going up steadily. It took two years for the price to 100x, haha, I think people can live with that (though if 3000-4000 is the bottom this time it'll probably be like 30x instead of 100x i think this time...still ain't bad!)

[thecodebear]

from the first day that i started with bitcoin whenever the market becomes absolutely unpredictable because of massive manipulation, i simply stay away from the market and let the manipulation to stop and the market to become more predictable.
i am going to continue doing that now too because currently there is no logic anymore and this drop is 100% manipulation and staying away is the best option.

now staying away can mean different things for different people. it may be selling and staying in fiat until shenanigans are over (which may be best for newcomers) or it can mean pulling my bitcoins out of the market and to cold storage until it is over (which is best for those who have been around enough time to know better that these manipulations aren't going to last forever).

Hold yes of course. and buy. I'm gonna buy about $50k of Bitcoin in early 2019 (and might pick up half a bitcoin soon if it keeps dropping under $4k).

This is the absolute worst time to sell, so yeah holding is best, and accumulating more bitcoin.