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

[Dart18]

Yeah that is the idea. I don't really want to sell from this point onwards.
Maybe buying will be the better choice instead of even trading it.

I don't want to regret anything before or even the halving happens.
Just like what I did before.
Learned my lessons already from that experience.

[criza]

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

Proper management of crypto currency asset is one key to increase your investment here in cryptoworld. Its is good that you seem to be knowledgeable on the ways and strategies to secure investment. You should continue to be optimistic about the price of bitcoin, because it seems that bitcoins price, for me too would increase in the coming days. But, should always be careful and to always have a backup plan to avoid getting bankrupt.

[CodyAlfaridzi]

Agree. I was basically doing the same thing for 2+ years now. It's not "hodling" per se but I would not much different. Most of my BTC all these time is in hodl account, while I also budget a very small amount for trading, just to get better at it. These two next years should be really exciting for Bitcoin, at least I hope so.

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.

That's also a concern I've been thinking for a while. I'm for sure gonna cash out some of my hodling when I feel comfortable with the price, far from current ATH obviously. And the rest, I don't think I'll ever cash that out unless something extra ordinary happen. I'll keep them in my portfolio for life.

[meliodas]

To be honest, do not hold your bitcoins just because there is a hype or a positive speculation because of the halving that is approaching. Hold your bitcoin because you are seeing a good reasons and you are seeing good technical from the chart. Halving was a good event for bitcoin based on the past but we cannot see the future and we should not risk it all.

[Twentyonepaylots]

To be honest, do not hold your bitcoins just because there is a hype or a positive speculation because of the halving that is approaching. Hold your bitcoin because you are seeing a good reasons and you are seeing good technical from the chart. Halving was a good event for bitcoin based on the past but we cannot see the future and we should not risk it all.

Why not, not to hold? I mean there already occurred bitcoin halving in the past on which it greatly affected the price of bitcoin, halving performed the pump 3 times a row so there is more probability that it will going to happen again. And with the price of bitcoin longing for such a short price point, buying is good for now and holding is the best option since the halving is near.

[Eclipse26]

To be honest, do not hold your bitcoins just because there is a hype or a positive speculation because of the halving that is approaching. Hold your bitcoin because you are seeing a good reasons and you are seeing good technical from the chart. Halving was a good event for bitcoin based on the past but we cannot see the future and we should not risk it all.

You're right but I think there's nothing to lose if you hold your Bitcoin for a little longer. We're still at the bear market and we are just waiting for a bull run. We all have different decisions if we want to hold or sell our bitcoins. But holding them right now is like a play safe since halving is approaching. There's nothing wrong hoping for a good result after halving since it was proven before so there's still a possibility.

[vintages]

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

Not every one is in need of immediate profit. Some people prefer to have the profit huge and all at once while others prefer to have it bits by bits. Whichever one works best for you, stick to it. There is no rules guiding it.
What matters is whether you see holding or trading, are you doing it right.

[el kaka22]

I am not entirely sure if people realize that not everyone uses bitcoin the same way that they use it. For example maybe someone is a day trader, it doesn't matter to them if in 6 months bitcoin will be 100%, as long as bitcoin goes up and down inside a day they are willing to buy and sell back and forth all day every day because it is their job and they like doing it that way.

Some people are long term holders and no matter if there is a halving or not they will just hold it anyway. Some people are just trying to live with crypto, they get paid crypto and spend crypto so they went full digital. I mean not every single person has to care about halving, that is something the middle term investors like to do, I personally don't even care when it happens for example.

[sayaya17]

It's true, we really have to save little by little to buy bitcoin from now on, yeah that's if you have excess money from the results of work. Or maybe you can put aside a little bit of bitcoin from the bounty and not sell it now. Let's just say that money forgot so that when bitcoin rises rapidly, the bitcoin can be sold.
But trading is also a good idea to increase the value of bitcoin so that it will multiply, but it must have expertise in trading, because trading is not easy.

[AniviaBtc]

Agree. I was basically doing the same thing for 2+ years now. It's not "hodling" per se but I would not much different. Most of my BTC all these time is in hodl account, while I also budget a very small amount for trading, just to get better at it. These two next years should be really exciting for Bitcoin, at least I hope so.

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.

That's also a concern I've been thinking for a while. I'm for sure gonna cash out some of my hodling when I feel comfortable with the price, far from current ATH obviously. And the rest, I don't think I'll ever cash that out unless something extra ordinary happen. I'll keep them in my portfolio for life.

That's why holding is still very risky right now because you don't know when to stop. Selling bitcoin is not certain until now, its price is very low compared to last last year 2017 that it reaches $10K USD. But in the end it suddenly dropped, if that happens I know it is still possible. The only problem is that we don't know when it will occur again. It is very hard to guess the season where bitcoin will become popular and its price will rice again.

[BChydro]

To be honest, do not hold your bitcoins just because there is a hype or a positive speculation because of the halving that is approaching. Hold your bitcoin because you are seeing a good reasons and you are seeing good technical from the chart. Halving was a good event for bitcoin based on the past but we cannot see the future and we should not risk it all.

Majority of the investment that are expected in the bitcoin market in the next one year is because of the hype that surrounds the coins because of the past rallies and this too we are expecting new investors coming in after the halving expecting to make a quick profit. I am not that great in looking at the charts to predict how the market will do in the next few days but i have a basic understand what the market will be in the next two years.

[binhvo1505]

The plan is wonderful, but not necessarily that curve. I remember there were many people who drew the same chart for Litecoin and it completely shit after Halving. This is the financial market and everything is possible, so we still cannot confirm that bitcoin will rise as we expected. I recommend that everyone speculate in small amounts to ensure the safety of their money. I doubt this Halving event won't be good because there are too many fomo. Is anyone worried like me?

[deadthings]

Always sell when you think you are getting good profit on your bitcoin. Never ever  greed. Like if you have bought bitcoin at 5k and bitcoin price surge to 10k then immediately sell don’t wait for price to reach 20k or 50k. Many have lost golden opportunities to sell bitcoin just because of this greed. Coin halving to me is just a hype, it won’t be a spring.

[otto_diesel]

I am not entirely sure if people realize that not everyone uses bitcoin the same way that they use it. For example maybe someone is a day trader, it doesn't matter to them if in 6 months bitcoin will be 100%, as long as bitcoin goes up and down inside a day they are willing to buy and sell back and forth all day every day because it is their job and they like doing it that way.

Some people are long term holders and no matter if there is a halving or not they will just hold it anyway. Some people are just trying to live with crypto, they get paid crypto and spend crypto so they went full digital. I mean not every single person has to care about halving, that is something the middle term investors like to do, I personally don't even care when it happens for example.

it's not the point. Being a day-trader doesn't stop you to create a cold wallet and save some bitcoin.  You can create a holding wallet in any situation. being a day trader, a gambler, a fireman, a engineer, doesn't stop you

You can make a separate budget for cold wallet as I mentioned in the topic.

[The Sceptical Chymist]

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

A hardware wallet is going to have to suffice for me, and unfortunately I don't have a lot of bitcoin stashed in it--but that's where it's going to stay until at least well after the halving.  I don't plan on selling or trading any of what I have, but I'm also not confident that the halving is going to bring sunny times to the crypto market either.  But I'd rather have some bitcoin saved up just in case the market starts to go buck wild as it did leading up to the end of 2017.

Not that I'm hoping 2017 repeats itself, because the crash apparently shook a lot of bitcoin investors out of the market and they never came back.  I have a feeling, though, that if we have another clear-cut bull market starting, those dropouts will probably start to get very interested in bitcoin once more.  But we'll see.  There's still a lot of time before the halving.

[adzino]

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.

You are making wrong comparisons over here and sounds totally illogical. Owning those coins means, you are the sole owner of those coins. If a person holds onto a coin, he will eventually sell them once his profit goal has been reached. Billionaires don't hold their money because holding paper money gives you no benefit like gains or interest etc. Rather, holding paper money  becomes more risky as inflation gets added into the economy. On other hand, holding crypto coins like bitcoin does give you profit in the long. That is why people holds on their btc instead of their fiat money.

[goinmerry]

Might be a bit of good advice but for me, why just hold because there's an upcoming halving?

Whatever the purpose of anyone involved in crypto, it's always a recommended thing to do that as much as possible, always have bitcoin savings at any means. Not just because of its expected high value in the future but because of the advantage.

Don't be hyped because of the upcoming halving that's why we need to saved but be hyped because of what bitcoin can do for us.

[Rengga Jati]

Unfortunatly, while you are hodling, you dont have any profits.  To get them you should find right date  for selling.

That's why sometimes we need other ways to get profits. I mean not only holding, but we can also try trading to earn regular profits. Holding is mostly intended for a long term investment. It should take for months/years. Surely, we won't hold forever, there is a time to trade assets.   

[darkangel11]

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

People like you always try to treat Bitcoin like it's a share or a financial asset. Such things have to be sold for profit because you can't go to a store and buy something for 10 shares of Amazon, or a  gold bar.
Bitcoin is not like that. You don't have to be a trader to profit. In fact you don't have to sell for fiat ever in your life. You can go to a store and buy something and with the new banks setting up bitcoin accounts soon you'll have bitcoin debit cards. First bitcoin bank is to open in q1 2020.

[TravelMug]

Yes, you're right that we shouldn't sell bitcoin right now. We've got to hold on to it until bitcoin's half down and the price pumps. And usually people who don't have much time to focus on cryptocurrencies carry out this long-term investment plan. But for people with a lot of time, focus on crypto as their main income. Then it might be wise to do trading I guess as it can bring you some good money.

That's why we really need to be careful when spending our precious BTC here.

I mean there are individuals who loves to trade bitcoin or crypto to make money out of it. But there are people as well who just accumulate overtime hide it somewhere, be it on a hardware or a wallet that they have control over the private keys.

Good for those who are going to hold, because it takes a lot of psychology to really not touch your coins in the next six months and wait for the halving and see how it goes.