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Author Topic: Halving is approacing: HOLD YOUR BITCOINS AND NEVER SELL THEM (118 days left)  (Read 2541 times)
Betwrong
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January 14, 2020, 04:02:59 PM
 #141

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

I agree, "holding forever" doesn't make much of a sense, but if by "selling" you mean selling all of it, please consider the following. In July 2010 Bitcoin price went from $0.008 to $0.08. That was 900% increase. And maybe it looked like the right time to sell, but those who sold everything at the time were regretting it one year later, when the price was $30. Now, $30 looked like a really good price to sell everything at, because BTC went sharply down ending up at $2 level at the end of the year(2011). Yet, it was $266 in April 2013, and so on.

My point is, even if Bitcoin reaches $100k, don't sell everything. Leave yourself an opportunity to become much richer in the future.

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ReiMomo
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January 14, 2020, 04:06:47 PM
 #142

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

You have lost your mind, holding gives you profit, as long as it is sold more than you bought it. You see, divide your profits of selling by the days of holding it, that is answer is your daily profit.
It depends on how you hold your bitcoin. Does not matter how long you hold, as long as your profit once there you can cut it off and re-invest again or what so ever. While holding you also monitor the market price and know that you are being had profited or ready to harvest your gain. If the first and second halving showed the market increased, then, it is not impossible this third one will probably increase the price too. But nobody knows, that's why we keep holding and accumulating if you can.

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January 14, 2020, 04:28:40 PM
 #143

Never keep on hodling, sell your coins whenever you are getting good profit and exit. Current bull run is giving good opportunity to many people to exit. You may sell now or buy in next dip. Thats how smart traders play in crypto market.

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January 14, 2020, 08:04:55 PM
 #144

Halving is approaching and this time I still hold my bitcoin. I think there is a big impact on the price once halving will happen. Actually, people can decide to sell their bitcoin once in profit already. And also many expectation for the increase of bitcoin so as I am also being observant on bitcoin price to reach this year.
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January 14, 2020, 08:31:51 PM
 #145

Nearly 118 day left, date is not important.  It just for showing the truth. There will be lots of halving its not the last one.  It's important to focus on reality for holding motivation.

make a small saving for future, make a cold wallet now and just leave it out for years.


making a cold wallet and save a bit of bitcoin, it doesn't effect your, day-trading, sells and buys, gambling and your altcoin investments.
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January 15, 2020, 02:19:56 AM
 #146

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

I agree, "holding forever" doesn't make much of a sense, but if by "selling" you mean selling all of it, please consider the following. In July 2010 Bitcoin price went from $0.008 to $0.08. That was 900% increase. And maybe it looked like the right time to sell, but those who sold everything at the time were regretting it one year later, when the price was $30. Now, $30 looked like a really good price to sell everything at, because BTC went sharply down ending up at $2 level at the end of the year(2011). Yet, it was $266 in April 2013, and so on.

My point is, even if Bitcoin reaches $100k, don't sell everything. Leave yourself an opportunity to become much richer in the future.
But the point is are we even sure that the bitcoin can become more valuable in the future like what you said? $100k per each is not realistic, I do not say that trading is better than holding. I'm favor with trading because I'm a trader and not a investor. For me therr are more opportunities in trading than in holding. And we should also be aware that holding requires right timing.
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January 15, 2020, 02:43:09 AM
 #147

~snip
My point is, even if Bitcoin reaches $100k, don't sell everything. Leave yourself an opportunity to become much richer in the future.
I am not sure enough to hold back my emotions for not selling all. First, if I buy a lower amount of bitcoin and if I get double the profit, selling everything is the right thing for me.

The reality is not many people can control their emotions and selfishness to hold bitcoin longer if prices rise quickly above 50% of the capital thrown into the market.

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January 15, 2020, 01:36:11 PM
 #148

If I buy my bitcoin at a drop price then I will definitely hold mine now, but if its not, then it is not the time to hold because you will not get that much profit at halving time. I will probably wait for next dumping, it may be happen? maybe for sure coz we saw a decrease these past few days so it is worth the profit much if we purchase at lower price before halving started.

The question would be, what if that time does not come?  We all know that the current Bitcoin market is bullish and the rally is just starting, so if we buy BTC now, there is a bigger possibility that we will profit in a shorter time than waiting for it to dump while the market has greater hype.  Buy now, hold and sell when it breaks ATH.

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January 15, 2020, 03:30:14 PM
 #149

Seriously I’ve gotten sick of waiting for this bull run that people has-been predicting since 2018, it’s really been a long time and it’s starting to like really annoy me. The only reason why I’m keeping up with this is because of this halving that’s going to take place this year, so I have decided to have patience till then and see what’s going to happen.

I have really held some coins in my wallet for a long time. I have even seen people that are predicting there is not going to be any bull run, though I’m not saying there is 100% possibility for same thing that happened before to repeat itself, but I strongly believe that there’s going to be an increase.
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January 15, 2020, 03:31:33 PM
 #150

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

I agree, "holding forever" doesn't make much of a sense, but if by "selling" you mean selling all of it, please consider the following. In July 2010 Bitcoin price went from $0.008 to $0.08. That was 900% increase. And maybe it looked like the right time to sell, but those who sold everything at the time were regretting it one year later, when the price was $30. Now, $30 looked like a really good price to sell everything at, because BTC went sharply down ending up at $2 level at the end of the year(2011). Yet, it was $266 in April 2013, and so on.

My point is, even if Bitcoin reaches $100k, don't sell everything. Leave yourself an opportunity to become much richer in the future.
But the point is are we even sure that the bitcoin can become more valuable in the future like what you said? $100k per each is not realistic, I do not say that trading is better than holding. I'm favor with trading because I'm a trader and not a investor. For me therr are more opportunities in trading than in holding. And we should also be aware that holding requires right timing.

Traders and holders surely have different strategies from one another. I'm sure there are many holders waiting for something like $100k for starting to cash out, while good traders cash out at any peak, and then buy back, partially at least, during a correction.

You are saying that $100k per 1 BTC is not realistic? Well, read or watch something regarding history of Bitcoin. Back in the old days, when BTC was less than $0.1 many were saying that it will never surpass $1, and they were more than confident that $1+ was unrealistic.

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otto_diesel (OP)
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January 16, 2020, 06:26:24 PM
 #151

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

I agree, "holding forever" doesn't make much of a sense, but if by "selling" you mean selling all of it, please consider the following. In July 2010 Bitcoin price went from $0.008 to $0.08. That was 900% increase. And maybe it looked like the right time to sell, but those who sold everything at the time were regretting it one year later, when the price was $30. Now, $30 looked like a really good price to sell everything at, because BTC went sharply down ending up at $2 level at the end of the year(2011). Yet, it was $266 in April 2013, and so on.

My point is, even if Bitcoin reaches $100k, don't sell everything. Leave yourself an opportunity to become much richer in the future.
But the point is are we even sure that the bitcoin can become more valuable in the future like what you said? $100k per each is not realistic, I do not say that trading is better than holding. I'm favor with trading because I'm a trader and not a investor. For me therr are more opportunities in trading than in holding. And we should also be aware that holding requires right timing.

Traders and holders surely have different strategies from one another. I'm sure there are many holders waiting for something like $100k for starting to cash out, while good traders cash out at any peak, and then buy back, partially at least, during a correction.

You are saying that $100k per 1 BTC is not realistic? Well, read or watch something regarding history of Bitcoin. Back in the old days, when BTC was less than $0.1 many were saying that it will never surpass $1, and they were more than confident that $1+ was unrealistic.

yes holding forever doesn't mean holding till grave. its mean that for years.  its writing on OP
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January 17, 2020, 03:22:08 AM
Merited by Tom Bombadil (1)
 #152

100k / BTC is a very ambitious figure, expect instant massive corrections if price ever approaches near that number...

If that comes to pass, it will have massive implications for crypto currencies in general.
Bluechip companies routinely go for stock splits when their per share price reaches even 4 figures, if they want to keep an active popular demand...

BTC stabilizing even around say 50k USD will also almost certainly lead to at least one or more altcoins grabbing tremendous market share for day to day functionalities like "medium of exchange"...

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awik p
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January 17, 2020, 04:12:12 AM
 #153

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

I agree, "holding forever" doesn't make much of a sense, but if by "selling" you mean selling all of it, please consider the following. In July 2010 Bitcoin price went from $0.008 to $0.08. That was 900% increase. And maybe it looked like the right time to sell, but those who sold everything at the time were regretting it one year later, when the price was $30. Now, $30 looked like a really good price to sell everything at, because BTC went sharply down ending up at $2 level at the end of the year(2011). Yet, it was $266 in April 2013, and so on.

My point is, even if Bitcoin reaches $100k, don't sell everything. Leave yourself an opportunity to become much richer in the future.
But the point is are we even sure that the bitcoin can become more valuable in the future like what you said? $100k per each is not realistic, I do not say that trading is better than holding. I'm favor with trading because I'm a trader and not a investor. For me therr are more opportunities in trading than in holding. And we should also be aware that holding requires right timing.

Traders and holders surely have different strategies from one another. I'm sure there are many holders waiting for something like $100k for starting to cash out, while good traders cash out at any peak, and then buy back, partially at least, during a correction.

You are saying that $100k per 1 BTC is not realistic? Well, read or watch something regarding history of Bitcoin. Back in the old days, when BTC was less than $0.1 many were saying that it will never surpass $1, and they were more than confident that $1+ was unrealistic.
the better the development of bitcoin, then the number is possible to be achieved, but indeed not in a short time. about the type of trading I think everyone will have their own strategies. selling at the peak and buying when prices are indeed more profitable, but the risk is also greater than investing


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January 17, 2020, 04:26:38 AM
 #154

If I buy my bitcoin at a drop price then I will definitely hold mine now, but if its not, then it is not the time to hold because you will not get that much profit at halving time. I will probably wait for next dumping, it may be happen? maybe for sure coz we saw a decrease these past few days so it is worth the profit much if we purchase at lower price before halving started.

Bitcoin price is very volatile and there are peaks and trough every weeks. If the price goes below $8K again, it would be a nice price to buy.
But again if we aspect the price to reach $20K around the halving, today's price too would yield more than twice the profit in 4 months.
No other investments could provide such returns.

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January 17, 2020, 09:12:52 AM
 #155

$8899 as of this moment. I don't know if there'll still be a drop before the halving but it's been rising these past few days. I think I'll keep on holding for now and wait the actual halving before I decide what to do with this.
100k / BTC is a very ambitious figure, expect instant massive corrections if price ever approaches near that number...

If that comes to pass, it will have massive implications for crypto currencies in general.
Bluechip companies routinely go for stock splits when their per share price reaches even 4 figures, if they want to keep an active popular demand...

BTC stabilizing even around say 50k USD will also almost certainly lead to at least one or more altcoins grabbing tremendous market share for day to day functionalities like "medium of exchange"...

That's possible. Maybe if it ever hits 100k use some of it to buy up alts. What do you think would be the likely "medium" alt? It seems XRP is quite popular where I'm at.
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January 17, 2020, 09:56:46 AM
 #156

That's basically what im doing im accumulating even with small portions so that i can atleast earn some profit, halving is an event that lowers the rewards of mining and when halving comes the price surges. I wonder if this upcoming halving carries significance towards the price. I see bitcoin has recovered from its 80% correction approximately, so i hope this continues.

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wozzek23
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January 17, 2020, 05:51:19 PM
 #157

Only 116 days left now and the price looks like it is around $9k now, do you guys think price will get bigger and bigger until the halving? Can we really sustain this type of bull run until the halving day comes? I want to continue investing into bitcoin because I believe in it from the idealist perspective (it is a better investment than fiat ones) but I also do not want to be caught in a bad situation where price goes up and I buy it then price starts to go down as well, I got lucky so far and I have a decent amount of bitcoin in my wallet that I can actually sell and make a profit right now.

So, do I take the profit and leave and wait for it to go down? Or do I keep on getting more of it with the hopes that price would continue to go up? I am very indecisive right now about that, anyone care to share their opinion?
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January 17, 2020, 06:28:29 PM
 #158

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

I agree, "holding forever" doesn't make much of a sense, but if by "selling" you mean selling all of it, please consider the following. In July 2010 Bitcoin price went from $0.008 to $0.08. That was 900% increase. And maybe it looked like the right time to sell, but those who sold everything at the time were regretting it one year later, when the price was $30. Now, $30 looked like a really good price to sell everything at, because BTC went sharply down ending up at $2 level at the end of the year(2011). Yet, it was $266 in April 2013, and so on.

My point is, even if Bitcoin reaches $100k, don't sell everything. Leave yourself an opportunity to become much richer in the future.

You have a good argument
Even if you really want to sell evreything because you are on a big profit for example, it's always interesting to not sell everything and stay with zero cryptos, because what's a good price today maybe it's not in a year or more
I've never sold all my coins, and I always try to have at least some USD and BTC to be in a good position in every market condition

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January 17, 2020, 06:30:15 PM
 #159

That's basically what im doing im accumulating even with small portions so that i can atleast earn some profit, halving is an event that lowers the rewards of mining and when halving comes the price surges. I wonder if this upcoming halving carries significance towards the price. I see bitcoin has recovered from its 80% correction approximately, so i hope this continues.
In any case, what is happening today in the cryptocurrency market pleases the eyes of every cryptocurrency user.  Nevertheless, one cannot blindly believe all the predictions and forecasts of professionals and analysts of the cryptocurrency market, because each of us must remember the risks that exist in the cryptocurrency market.  Of course, proposals to keep Bitcoin and invest even more of your personal funds in it sound very tempting, but I believe that you need to adhere to a predetermined strategy, and keep only existing Bitcoins in your portfolio, and not replenish coin supplies at the current price.  It may be dangerous.
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January 17, 2020, 09:17:50 PM
 #160

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.

 
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