Halving is approacing: HOLD YOUR BITCOINS AND NEVER SELL THEM (118 days left)

[otto_diesel]

May 14, 2020

118 days left

Nobody really motivates me for hold bitcoins, everyone talking about day-trading on twitter and reddit.  I know that the price will rise and bitcoin will be a skyrocket again.

You can create a budget for day trading, altcoins and gambling. you can get your %10 -%30 or lose all your money in shitcoins. doesn't matter.


But you have to create a bitcoin budget for holding forever. Create a cold wallet now and start to save.

your wallet has to be one way road, you can send bitcoins to your wallet but never let yourself to spend. You can use your other budgets. that's why we have them.

increasing your bitcoins does not has to be huge. you can save your bitcoins bit by bit.


Trust me, create a cold wallet and start to hold now.  It's not hard.


https://bitcointalk.org/index.php?topic=12156.0


When I  opened this topic, bitcoin was nearly $ 7,000.


*pre-acceptance: Everyone knows 'never sell them'  doesn't mean hold it till the grave. It's mean for years. I did a pre-acceptance about everyone that they are above average IQ

[coiningz]

Unfortunatly, while you are hodling, you dont have any profits.  To get them you should find right date  for selling. And i guess, after halving will be right time  for that

[Lucius]

First of all, I have to correct you for the date of the next halving - this is only a possible date, it is not possible to calculate the time period precisely because the blocks do not have a fixed time in which they occur, it is an average of 10 minutes between blocks, and blocks appear at different time intervals (1 minute or 1 hour). So the next halving can happen on May 14, 2020 - but also a few days before or after that.

When you say "holding forever", it just doesn't make sense. You may think of something in the sense that you leave everything to your descendants, but hardly any holder will resist the $ 100,000 price tag. I agree that you should always keep something on the side, Bitcoin has so far awarded everyone who was patient, hopefully, it will be the same in the future.

Unfortunatly, while you are hodling, you dont have any profits.

This may not be true, it depends on when you invest and when you sell. But if you invest few years ago when the price was under $1000 and just holding, you will still be in profit today. Same as you invest in the first few months of this year close to $3000 per BTC, you will be in more then 100% of profit if you sell today.

[Jawhead999]

Bitcoins will be skyrocket again and increase higher and higher. But, its not at all time the price will grow up. Bitcoins will drop if the economic not suitable and stable. So i think the best way is you can know what time to hold and sell. I know its not easy, but by experience we can learn and learn forward.

[panganib999]

Not to the point of not selling them, but should be to the point of knowing when to sell them. If you see an exit point you're satisfied with, even if it isn't after the halving, I suppose it is fine to exit there and then. I know, too much money can never hurt you, but expecting to earn much could hurt you. Sides, you can hold and sell both at the same time. Part with some of your coins and hold some, win win situation right? Don't be disappointed with the profit you could've earned, be satisfied with the profit you earned.

Unfortunatly, while you are hodling, you dont have any profits.  To get them you should find right date  for selling. And i guess, after halving will be right time  for that

Well, yeah. That's why it's called hodling after all. Only when you exit and the price is above when you entered, would you actually get profit.

[shield132]

I have no idea why you have to hold money and never sell them, then the meaning of owning them? If you are billionaire and never spend money from those collected billions, then you are just random guy and not a billionaire and no one knows what will happen around you tomorrow.
Current halving expectation is different from old, I don't know why because in past we had huge rise and today we should have even higher expects but the problem is that price doesn't show any promise as for now and it's not so easy to see rise from 7K to 20K and higher cause this amount of money is really big.
But I have no idea if daily trading is the most suggested choice because you don't have to catch every moment (both good and bad) but it's better to catch great moments and this great moments aren't a few and in overall it's far more beneficial. Trade when you think it's good time.

[stompix]

If you are billionaire and never spend money from those collected billions, then you are just random guy and not a billionaire and no one knows what will happen around you tomorrow.

So if I have ten million in the bank but I'm not spending a penny cause I have a different source of monthly revenue that doesn't make me a millionaire because I'm not spending it all? 

When you say "holding forever", it just doesn't make sense. You may think of something in the sense that you leave everything to your descendants, but hardly any holder will resist the $ 100,000 price tag. I agree that you should always keep something on the side, Bitcoin has so far awarded everyone who was patient, hopefully, it will be the same in the future.

Well, the ones that bought at 90 000$ will be holding to it quite easily..
Joking aside the thing with holding forever is probably because of bad translation, not that any bitcoin here is planning to hold the coins till their deathbed.
What would be the point of having x10 more money in the last year of your life than having x3 10 years before?

Bitcoins will be skyrocket again and increase higher and higher.
~
Bitcoins will drop if the economic not suitable and stable.

You forget about it going sideways 

[Juggy777]

May 14, 2020

134 days left

Nobody really motivates me for hold bitcoins, everyone talking about day-trading on twitter and reddit.  I know that the price will rise and bitcoin will be a skyrocket again.

You can create a budget for day trading, altcoins and gambling. you can get your %10 -%30 or lose all your money in shitcoins. doesn't matter, it's not a bad thing.

But you have to create a bitcoin budget for holding forever. Create a cold wallet now and start to save.

your wallet has to be one way road, you can send bitcoins to your wallet but never let yourself to spend. You can use your other budgets. that's why we have them.

increasing it does not has to be huge. It you can save your bitcoins bit by bit.

Trust me, create a cold wallet and start to hold now. It's not hard.

https://bitcointalk.org/index.php?topic=12156.0

@otto_diesel while I’m excited for the halving event, I don’t understand the need to create a cold storage wallet because if I want to hold my coins I can hold it in a normal wallet too. Also I’m very excited for this event and I hope that bitcoins prices will touch at least $15k once we near this event, but I’m also keen to know what are other people’s predictions too.

[hendra147]

Current halving expectation is different from old, I don't know why because in past we had huge rise and today we should have even higher expects but the problem is that price doesn't show any promise as for now and it's not so easy to see rise from 7K to 20K and higher cause this amount of money is really big.

if bitcoin price usually rising in halving, why not we can't?
the price will be rising arround 1-2month before halving, maybe arround feb-mar.
holding is best option if you can't get profit by daily trading, if you have freerimes you can do it, finding right moment to in (buy) and out (sell).

[barota]

i agree with you and i am sure that halving can make prices at high level ; and the only way for making bitcoin at high prices always is hold ; some people already sell their bitcoin but i think they will buy again when halving approaching much and much

[ChrisPop]

Holding has always been a viable tactic. It is a synonym of long-term investing - which approach is chosen by many established big investors and well-versed in the financial world.
My recommendation is to always invest just what you can really afford to lose. How much you can afford to lose is a function of  every individual's needs and desires, risk tolerance and some other factors. Bitcoin is an asset that has great fundamentals and therefore IMO a great potential for further appreciation in price. Call me crazy, but personally I don't think that $1M/btc is a big number taking into account the limited supply and the inflation of fiat currencies especially the US Dollar.

[Coyster]

Op is maybe getting too excited about the next halving, you must understand that things may not also go quite as smooth as you're envisioning it, if you're investing, you must still be wise enough as to prepare for both sides of the coin: if it's a profit or a loss.

I wouldn't be holding forever, and I hope no one holds forever, we all should have an opportunity to have to make some profits from our investments and use them for our daily benefits at least when we're still alive  . Happy new year to everyone by the way.

[avatar_kiyoshi]

But you have to create a bitcoin budget for holding forever.

You have good faith
Well, I don't have Bitcoin budget for holding forever, but at least I have Bitcoin budget for long-term holding which I can double my Bitcoin from time to time, I hold until halving time coming at least Bitcoin price at the last peak or more, then I sell them, the market usually in bearish after halving so I will buy back, then I will hold it maybe until the next halving or when the price jump again at the peak.

[Theb]

Even if historically speaking Bitcoin goes up every time halving happens with Bitcoin it's not wrong to still practice due diligence when it comes to your holding since there is really no guarantee that the next halving will produce the same result it had for the previous years. The crypto market isn't really a buy and forget type of market where you just don't look at your portfolio constantly since sudden movements in the opposite direction can always happen. Aside from that it is really wrong to base your decisions based on historical price movements since this is really an inaccurate way of basing your trade.

[wheelz1200]

Umm what about using it.  Again bitcoin is useless if everyone just hoards it.  Should you save some, yeah just like fiat.  But at the same time use it!  It's meant to be used not stored indefinitely.  Ypu will enjoy your vacation you take that is all on bitcoin, enjoy life its short

[Wexnident]

Hold and sell, not hold and never sell. There would still come a time where a trader would want to exit because he is satisfied with the price of the BTC in the market. But, I agree with holding though. Just like you said, every halving in the past has shown significant growth to the market of BTC, and holding some wouldn't hurt that much and accumulation would slowly progress. Something small will become bigger when accumulated for a bit of time after all.

Umm what about using it.  Again bitcoin is useless if everyone just hoards it.  Should you save some, yeah just like fiat.  But at the same time use it!  It's meant to be used not stored indefinitely.  Ypu will enjoy your vacation you take that is all on bitcoin, enjoy life its short

Well, I'd say Op is saying to hold it then sell it when the price hits the top. Hoarding it isn't really the same as holding it after all.

[CryptoBry]

You can create a budget for day trading, altcoins and gambling. You can get your %10 -%30 or lose all your money in shitcoins. Doesn't matter, it's not a bad thing. But you have to create a bitcoin budget for holding forever. Create a cold wallet now and start to save.

Bitcoin remains to be the most viable of all cryptocurrencies we have on the market. And we are all excited on the many things that the coming halving can be bringing. We just hope that this can spur Bitcoin to a new height or at least to a good level where everybody can be happy about. However, we know that Bitcoin can be unpredictable, so we are seeing some who think that the real bull run can be happening actually in 2021, within a year after the halving. Which of these ideas and opinions can be coming true let us all wait and see.

[Divinespark]

Hold bitcoin is a good choice, but you should not hold too long with it because no one really knows what its future will be like. Its price may collapse in the future and it will make you lose.
It is best to hold and sell when you make a profit, and depending on how much profit you want. Do not hold BTC just like you are holding gold, which is not a smart decision, I personally think that after halving, the price of BTC will decrease rather than increase as people expect. So buy now and sell before halving happens

[ecnalubma]

Yeah better consider keeping and prepare for upcoming event. Even the some opinion of so called experts in the field are negative we must trust our own instincts and stay contrarian. But I believe that the cycle will repeat and surprise us again.

[hello_good_sir]

I would certainly agree to an extent.

However, it would be foolish to not cash out if you see an opportunity to do so at the peak of a bubble. As we saw in the 2017 bubble, a lot of people were reluctant to cash out and buy back at a lower rate later on which caused some pretty sizable losses.

Just remember that unless you are planning on holding BTC permanently you still need to sooner or later find an exit point for yourself. Even if you are a long term holder there is no reason not to cash out a portion of your position at the height of the bubble and thus have the means to buy the dips continually.