Proof - The long Hodl

[Cling18]

I was just a beginner when the bull run happened last 2017 and I think that was a lesson learned for me not to doubt crypto investing especially when the price is still low. I have a friend who invested and bought bitcoins during the bull run and she's been regretting it until now. Everything works in perfect timing and I guess we should apply at least the basic which is to buy low and sell high and be observant of the market flow.

[Malam90]

Holding all coins/ tokens aren't good idea specially shitcoins but if you purchase Bitcoin or top few coins and face price reduction after purchase, you can hold for longer time. One day it will recover. Today Bitcoin price hit $18000. Those who purchased in December 2017 and hold till today, now recovered their portfolio balance in Bitcoin holding. I also believe that panic sale is very bad for the growth of crypto market.

[Kelvinid]

How many had the forsight to HODL what they had
for the next bull market, which is now?

A lesson and learn for me to be honest. I miss the opportunity to accumulate more Bitcoin last year where the market is in-depth. Seeing the market status in the past days reminds me that I did the wrong choice of my life and not choosing to hold but have it sold.

Now, I decided to wait for the moment it drops back and started to accumulate more Bitcoin and wait for 3 years (or even more) before to sell because I notice that it likely the same scenarios to happen.

[Asuspawer09]

Anyone who was into crypto this time 3 years ago
will remember the run up to the ATH of $19783.

It was a wild time in December of that year, there
were big gains made and alternatively a lot of losses
where some people FOMO'd in close to the ATH
and either sold at a loss or are still holding what they
had back then.

How many had the forsight to HODL what they had
for the next bull market, which is now?

I would say, not many!

Eventhough we (the positive) have been preaching
about the long haul and a look to the future.

These times are proof that when you buy high, not panic and HODL for the future is rewarding

Its really difficult to read what gonna happened in the market in the coming months, especially if you're holding a high amount of investment it's really tempting to sell your holding at this times because it could be a more profit or the market price could also go dump and then your gonna need to wait for another 2-5 years again before the market price of bitcoin could increase or pump again in the market.

Most people could assume that the market price of bitcoin is just gonna continue to increase in the coming years just because of the supply of bitcoin and mining bitcoin more difficult than before. But it could take years or a long time for that to happened and it might not be worth waiting considering the time of investment.

But it still depends because there are so many investments or businesses that could give you more profit in 2-5years than just waiting in crypto investment.

[verita1]

Although I didn't expect this new Bitcoin ATH to end like this. It would seem that it is a learned pattern who buy Bitcoin to wait for this moment and overturn the price and gain something with it.
Also when the price is close to 20K and the holidays like Thanksgiving and Black Friday are coming. Oh no! it's coming again.
Sometimes it is stressful to see the price of Bitcoin but as it falls, it also increases in price, we can only be patient. By 2021 Bitcoin and crypto will be demonstrating their progress to the community where we all participate.

[raidarksword]

For me bitcoin is a long-term investment and whether a person to hold or to sell that's his or her decision, it's all depends on person scenario. Some people sold it for profit and also some bought especially in dip prices it for long-term purposes and wait for the time is right to pick those fruits of holding assets in the future. As always, panic selling will always triggers the emotions of people who bought the ATH and by doing that they will not surely recover of their losses and it's a suicide decision.  It's not the end for bitcoin anyway, there is always another opportunities will come for the price to rise again.

[Debonaire217]

buying close to ath was an insane idea and people that do that are gutsy or have a big wealth on them because they arent afraid to loose  . they treat that critical moment was simillar to gambling but unfortunately many had go home as loosers .

 i feel sorry for them and thankful at them at the same time because they help increase the price at its last minute but others are only got the benefits . those that sell at a loss have undergone in a tought battle , supposed almost 3 years of hodling before they be able to see the recovery but sadly on few have make it this long .

We couldn't judge them as we all didn't know how high the price could get at that time. Imagine, if Bitcoin surged that much and some newbies become FOMOed, even without studying Bitcoin, they will still enter as there's time pressure. We didn't even know since the RSI indicator in trading shows unpredictable trends whether it is overbought or oversold. It also happened now but IMO, their increase is quite organic and many traders already conducted their study of the market that is why even before we reached a higher price compared to 2017, many traders have already sold their holdings.

The best thing to do for this time is to wait further as we bottom to a decent market price. Entering again might result in us being trapped as the market shows no healthy progress not just in Bitcoin but also in Altcoins.