HODL HODL HODL...AND BUY MORE

[20kevin20]

Some people just cannot hold in the situation we are living right now. A lot of people I know have invested all their savings in BTC a few months ago and today they're out of cash, but they need it to prepare for a potential pandemic. I have personally taken a few days off the forum and the internet itself, because I want to focus on preparing for a possibly really bad situation. Investors have a lot of reasons to sell right now. I fortunately do not rely on Bitcoin 100%, which means I can still live without selling a single satoshi even if the price dumps to $100.

I am now trying to get back into the habits I used to have a few weeks ago. The virus outbreak made me move and add some other stuff to the top of my list of priorities.

Don't worry, times will come when Bitcoin will grow back up. It's very understandable that a ton of people sell for various reasons.

[1715120436]

1715120436

[1715120436]

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[Latviand]

This is really a good opportunity to invest and earn profit eventually but not all people do get such logic in cryptoindustry not only in Bitcoin. Everytime there is a downfall, many people are panic selling, because they thought in such way they would get away from profit loss but the fact is, they got away from the opportunity to earn profit someday, once recovery start. An investor's responsibility is to just wait patiently because no one knows when will the uptrend occur, but one thing is for sure,  after a downfall in the price of Bitcoin, there is a huge possibility that its price will again increase, the only perk is to wait without certainty, but for me, that is not a big thing, because it would be worthy.

Yes, I have made my mind to buy some coins at this point of time. Crypto is giving again an opportunity to buy the dip and make some money when the price increases.

This is something an investor could be easier said than done. "buy low, sell high" right? I was wondering why there are still some investors complaining about their massive losses lol.
Anyway, we are all aware of this basic strategy, but it's just inevitable not to think and worry about when the price starts to decline continuously, like how the market is currently reacting today. This is where the weak hands losses their patience as well as their invested money.

Its never been an easy thing to be done, it might be so basic as it sounds but actually doing it is the hardest part as a trader.
We wont able to know on when is the right spot to accumulate and when is the right time to sell off. Profitability will somewhat vary
or depend on how people or investors do react into their current position. Buy and hodl doesnt work from time to time and even
bitcoin wont really give out such guarantee.

We just cannot blame those people who are selling early, and we should never do so. But we should otherwise remind them to HOLD and to wait patiently. Seeing market prices fall, is indeed stressful, so in some way, we should understand such instances.

Yes, I have made my mind to buy some coins at this point of time. Crypto is giving again an opportunity to buy the dip and make some money when the price increases, big whales have already started to buy coins from the panic sellers and they will make some big profits if the market go high. So guys keep in mind and plan accordingly.

Choose only those coins in which you have a feeling of a price increase in the future and avoid investing to any crypto that you would see. More likely, quality over quantity - kind of mindset.

[exstasie]

Its 26 months of bear market, a situation which never happened before in bitcoin's history.

Why do you keep repeating this?

The 2014-2015 bear market was much longer than any other in history.

2013 top: week of Nov 25 2013
2013 top broken: Feb 20 2017

2017 top: Dec 11 2017
Today's date: March 11 2020

No matter how you define a bear market (% gains from the bottom, when the previous ATH was broken) the 2014-2015 one was longer. If BTC hasn't broken the 2017 ATH by the end of 2021, then we can talk. Until then, you're just spreading misinformation.

[tbterryboy]

What people are forgetting that bitcoin is already scarce, the problem is there isn't really enough people who are willing to buy from this price. We are already at around 8 thousand dollars per bitcoin, that is quite scarce and getting closer to gold levels now, hell compared to gold coins we are less available and more expensive so we are almost already there if you think about it.

So, there is nothing to worry about, even the current price for the next 50 years without moving too much is fine because bitcoin is at an excellent price to be adopted globally, we just want too much out of it. If you are expecting a currency to move from 100 dollars to 100k dollars in 5 years (2015 to 2020) that means you might be expecting too much from that currency.

[Stedsm]

Its 26 months of bear market, a situation which never happened before in bitcoin's history.

Why do you keep repeating this?

The 2014-2015 bear market was much longer than any other in history.

2013 top: week of Nov 25 2013
2013 top broken: Feb 20 2017

2017 top: Dec 11 2017
Today's date: March 11 2020

No matter how you define a bear market (% gains from the bottom, when the previous ATH was broken) the 2014-2015 one was longer. If BTC hasn't broken the 2017 ATH by the end of 2021, then we can talk. Until then, you're just spreading misinformation.

He's (maybe) worried about his coins not being sold even at the purchase price or might he getting worried about the halving that's stepping in?!?

@OP, I believe I'd literally not touch BTC below $8600 even if I'm getting it now at a bargained value because $8600 is such a key level for me that, once broken upwards, will get BTC into a bullish state once again.

[STT]

Its not unreasonable to speculate on a recent low as being most of the move played out for now.     Since the wider market is also having a bit of a relief rally I think its a reasonable proposition to look for a switch in stance.



I'll go ahead and make a guess at 8000 for a level to achieve and confirm above to show strength with 7700 the negative trend in play since we left the 2020 uptrend.

all their savings in BTC

Stay diversified and pay the bills a year ahead is good practise.   To have all value in one thing would always be a mistake, extreme speculation is best done by registered companies who can write off their losses vs taxes.

[taufik123]

At the moment the bitcoin situation is bearish and after reaching the price $ 7.8k, there may be some bounce prices or prices could be even lower.
Buying gradually can be an option if you have a reserve of money that you have prepared.
Bitcoin will be halving in the coming May, and maybe this will be the peak of the increase in BTC if the market conditions also support.
Buying and continuing to buy without proper preparation and management will have an adverse effect. Perform Hodl with targets that have been targeted and remain consistent with these goals.

[Wilhelm]

Don't miss out...i swear anything under 8000 is a straight up steal...

It seems very bearish. I am wondering to sell.. I hope you are right. I bought near the price of 10000$.

Just HODL.... 

[Ridwan Fauzi]

I noticed that is not only bitcoin who meet a huge decrease in price but there are a lot of investment instrument who decreasing in price as well. We know oil price has been decreasing and some of stock market have been decreasing as well. So, there is no worry about it, bitcoin still still in a good trend. As you may know if you see some news that appear who stated that bitcoin hash rate has been touching new all time high, which I think the miners have considered that bitcoin price will goes up later, we have to remember with halving event. It may give a good affect for bitcoin price.

[South Park]

With whales robbing small investors, it will be difficult to convince people to buy, OP.

Nobody is getting robbed. Impatient BTC investors are giving their money away to patient investors. In a nutshell that's how all markets work. Retail investors get fleeced because they greedily buy tops and panic sell bottoms instead of buying and holding.

Most people can't trade markets profitably. When it comes to strong investments like BTC, they should stick to DCA and just HODL for the long term.

I agree with this, if someone is getting tired of losing money to the whales how about trying to do something different for a change? Investors need to begin to be honest about their skills, if you are no good at trading the markets and you have lost money for years then try something different, buying and holding bitcoin has been a profitable strategy for a long time, and even if we do not expect 100x profits from bitcoin, profits of 10x during the next decade are completely possible and it could be life changing if you invest enough money in bitcoin right now.

[imstillthebest]

wait till the supply really gets scarce and essentially every coin has been mined...people are going to go ape shit...scarity like the movie "the road", with a strange family and a basement full of people alive with their limbs cut off...begging to be let out...lets hope it doesn't get that bad

lol . i find it funny when you use a scene on the movie just to visualize if what people are be doing when the said scarcity for btc happens  but that is too exage bro  . you know btc isnt the only crypto on here or isnt the only asset that is profitable .  however i agree that we must be buying now and keep on hodling because that is the best policy if you are a solid cryptoer   .  price are cheap and verry recomendable to buy now because the value is in a stable side  . this give a window for people to not panic sell when buying 

[kentrolla]

People are getting upset over the price, I suggest to buy more coins at this moment when the price increases gradually you can earn a lot. Worrying is not the solution nor the panic sell, just understand the market situation and plan accordingly.

This dump is nothing new in the crypto history also the price will increase once the market will get rid of these panic sellers, Just hodl and don't be impatient things will be okay very soon.

[Bezobraznike]

People are getting upset over the price, I suggest to buy more coins at this moment when the price increases gradually you can earn a lot. Worrying is not the solution nor the panic sell, just understand the market situation and plan accordingly.

This dump is nothing new in the crypto history also the price will increase once the market will get rid of these panic sellers, Just hodl and don't be impatient things will be okay very soon.

   "Just understand the market situation" and please explain me how to understand it? Like market is dropping and we should sell and cut
loses, or to buy and hope for the best?
   Many people here talks same as you, understand this, understand that, do this and that, but nobody tells what exactly!

[Republikcoin.com]

People are getting upset over the price, I suggest to buy more coins at this moment when the price increases gradually you can earn a lot. Worrying is not the solution nor the panic sell, just understand the market situation and plan accordingly.

This dump is nothing new in the crypto history also the price will increase once the market will get rid of these panic sellers, Just hodl and don't be impatient things will be okay very soon.

   "Just understand the market situation" and please explain me how to understand it? Like market is dropping and we should sell and cut
loses, or to buy and hope for the best?
   Many people here talks same as you, understand this, understand that, do this and that, but nobody tells what exactly!

understand market conditions, such as understanding why prices may fall, why prices haven't gone up, and so on. to know that, you need to be aware of the information available. however, the current price drop most people say is due to the effects of the coronavirus. it's just that I think that is one of the reasons. however, you need to think that prices can go up and down quickly, because of that, you don't need to panic to sell your assets, because this is common.
however, many people have predicted that bitcoin prices will go down, other than that there are predictions that prices will go up after that. however, halving is the moment awaited to see the price of a bitcoin pump, therefore people always stress to hold assets, and understand the current market situation. on the other hand, there are several issues regarding the price deliberately lowered so as to cause a panic sell and become an opportunity for investors to buy a lot of bitcoin.

[Dart18]

I thought scarcity of alcohols and Hand sanitizer. 

Yeah, I would rather be at the same page.
We can see a drop in price but this will not take long.
It would be better to just use this as an opportunity to buy rather than being pessimistic and sell it all. It will be a dumb idea to do that.

[Kasabus]

I thought scarcity of alcohols and Hand sanitizer. 

Yeah, I would rather be at the same page.
We can see a drop in price but this will not take long.
It would be better to just use this as an opportunity to buy rather than being pessimistic and sell it all. It will be a dumb idea to do that.

Obviously that's what the smart investors are doing now, bitcoin took a hit today also, not only stocks, in fact bitcoin dropped below $6000 today.

Now, we can say this is really due to the corona virus.
https://cointelegraph.com/news/breaking-bitcoin-crashes-17-in-1-hour-below-6k-in-coronavirus-panic

people panic buying supplies but they are selling stocks, bad for the economy but I also believe things will be back to normal.

[Dart18]

I thought scarcity of alcohols and Hand sanitizer. 

Yeah, I would rather be at the same page.
We can see a drop in price but this will not take long.
It would be better to just use this as an opportunity to buy rather than being pessimistic and sell it all. It will be a dumb idea to do that.

Obviously that's what the smart investors are doing now, bitcoin took a hit today also, not only stocks, in fact bitcoin dropped below $6000 today.

Now, we can say this is really due to the corona virus.
https://cointelegraph.com/news/breaking-bitcoin-crashes-17-in-1-hour-below-6k-in-coronavirus-panic

people panic buying supplies but they are selling stocks, bad for the economy but I also believe things will be back to normal.

Yeah, it will be back.
Soon they will find out that is just another virus which is just like a fever.
There are more viruses in the past that are really serious like SARS, etc.

I am just really curious into when they will distribute the cure.
There should always be an antidote for every poison. I do think they have it but just don't want to share it yet.
They are still in the test mode if it will kill more people.

But soon they will all get out of their bunkers and buy that stock back. Luckily with crypto currencies it will be cheaper.

[michellee]

We still get a discount price of bitcoin, and I am sure that many people use this moment to buy more bitcoin with their money. No one will know what will happen with bitcoin after this, but if we can buy bitcoin right now, and in the next hour bitcoin price increase, you will have a chance to make a profit after you got a loss in a few days ago. Bitcoin price is still struggling to increase the price, and although yesterday we almost touch $6,000, the price does not break that barrier, but it goes down again this day. But soon, I am sure that bitcoin price will be back to the higher price, and for people who already buy bitcoin at the price today will have the moment to enjoy their profit.

[btc_angela]

This post was like a week ago, prior to the covid-19 scare and yet people that time are really shouting HODL, unfortunately, people didn't listen to the call, Lol, as the price plummet into $3900. So I guess when our backs is on the wall and really afraid of global recession and pandemic, our judgement is clouded and will just dump our precious bitcoin. I do hope that the selling pressure is over for now and time to get up and scoop cheap bitcoins.

[virasog]

Some people just cannot hold in the situation we are living right now. A lot of people I know have invested all their savings in BTC a few months ago and today they're out of cash, but they need it to prepare for a potential pandemic. I have personally taken a few days off the forum and the internet itself, because I want to focus on preparing for a possibly really bad situation. Investors have a lot of reasons to sell right now. I fortunately do not rely on Bitcoin 100%, which means I can still live without selling a single satoshi even if the price dumps to $100.

I am now trying to get back into the habits I used to have a few weeks ago. The virus outbreak made me move and add some other stuff to the top of my list of priorities.

Don't worry, times will come when Bitcoin will grow back up. It's very understandable that a ton of people sell for various reasons.

We have been hearing this word ever since 2017 bull run to HODL and HOLD. In last 3 years bitcoin never looked to be strong enough to break the resistances and go close to its all time high. We have been hearing that bitcoin will be 30,000$, 50,000$ or even 100,000$ but practically this does not seems possible. Bears are in full control and everything bitcoin make any good momentum, it is dumped hard. Even the golden cross will not had any effect on bitcoins prices. People are losing hope and trust on bitcoins.