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Author Topic: the power of HOLD and believe  (Read 1654 times)
Handsome Boy
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December 26, 2020, 04:47:29 PM
 #1

as we know, the price of Bitcoin had a bear run in 2018 with the lowest price at $3k on Dec 17, 2018 and now the price of Bitcoin has reached $25k and this is the new ATH price for Bitcoin, so if you buy Bitcoin in 2018 and HOLD until now, then you can get a profit of more than 700% and I also congratulate those of you who HOLD or bought Bitcoin in 2018 when the price of Bitcoin dump.

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December 26, 2020, 05:01:25 PM
 #2

It was never their intentions to hold bitcoin that long, the truth is they invested at the wrong time thinking that Bitcoin will grow over 20k in 2017, they have no choice but to keep holding just to get back their money someday

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December 26, 2020, 05:13:58 PM
 #3

It was never their intentions to hold bitcoin that long, the truth is they invested at the wrong time thinking that Bitcoin will grow over 20k in 2017, they have no choice but to keep holding just to get back their money someday

if they were very faithful  in  holding, they still  have  profited  by now of over $5k. anyone who is about to  lose their money  from  from $20k worth  of btc will sell when the price is diving sharply down to $3k.

its a terrible pressure when the covd19 started and you lose job. anyone who had been suffering will really be  selling the btc they hope to keep. if  the person didn't lose his job and still have good financial status while he believes btc is the future but doesn't trade, i think  he would have been holding up to this day.
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December 26, 2020, 05:26:39 PM
 #4

as we know, the price of Bitcoin had a bear run in 2018 with the lowest price at $3k on Dec 17, 2018 and now the price of Bitcoin has reached $25k and this is the new ATH price for Bitcoin, so if you buy Bitcoin in 2018 and HOLD until now, then you can get a profit of more than 700% and I also congratulate those of you who HOLD or bought Bitcoin in 2018 when the price of Bitcoin dump.
I'm one of those folks that have held during 2018 and also by this year at the lowest. It sounds easy but everyone who does that deserves to get a smile on their faces while looking as bitcoin closes to $26k by this time.

The time was hard on those days because too many negative people talking about their negative predictions. Some have expressed that they'll wait for it to dump some more before they buy. Believers and holders made it, we're turning to the next chapters of ATH.

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December 26, 2020, 05:29:58 PM
 #5

Holding is the most powerful strategy in crypto and this is the only method I usually suggest to all my friends that new to crypto. I know that leverage trading is very tempting method but there is a high risk incorporated on it.

I decided to hold on Bitcoin since 2018 after the all time high. I buy various Physical coin such as casascius coin and satori during the time when BTC price was low and now I'm still holding on. I will open my coin once BTC price reach 100K USD.   Cool

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December 26, 2020, 05:49:19 PM
 #6

It was never their intentions to hold bitcoin that long, the truth is they invested at the wrong time thinking that Bitcoin will grow over 20k in 2017, they have no choice but to keep holding just to get back their money someday

There is always a choice to be made. They could have sold, realise  the loss and find something else to invest their money into. Also there is no "universal" wrong time to invest in something. It all depends to the timeframe the investor is looking to lock their money in that investment.

Quote
if they were very faithful  in  holding, they still  have  profited  by now of over $5k. anyone who is about to  lose their money  from  from $20k worth  of btc will sell when the price is diving sharply down to $3k.

its a terrible pressure when the covd19 started and you lose job. anyone who had been suffering will really be  selling the btc they hope to keep. if  the person didn't lose his job and still have good financial status while he believes btc is the future but doesn't trade, i think  he would have been holding up to this day.

I think the majority of investors who are fueling this Bitcoin bull run are institutional. They are not that sensible to market fluctuations as they have high net worth individuals as stakeholders.

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December 26, 2020, 06:08:25 PM
 #7

There are some people who are willing to hold bitcoins not because of their value, but because of the characteristics of bitcoins. More precisely, those who are comfortable with freedom without regulation, so that their bitcoin will be spent a lot after bitcoin is fully functional as a currency like fiat (mass adoption).

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December 26, 2020, 06:11:26 PM
 #8

as we know, the price of Bitcoin had a bear run in 2018 with the lowest price at $3k on Dec 17, 2018 and now the price of Bitcoin has reached $25k and this is the new ATH price for Bitcoin, so if you buy Bitcoin in 2018 and HOLD until now, then you can get a profit of more than 700% and I also congratulate those of you who HOLD or bought Bitcoin in 2018 when the price of Bitcoin dump.

That is true though but a lot of people started on the wrong foot, that is, they jumped into the crypto space because of what they heard from people and what they heard Bitcoin was doing, and when the price dumped they had no choice than to sell at loss because they never got the time to study Bitcoin and know the potential thereof. But with what Bitcoin has done this year, it has succeeded in transforming the crypto space, brought a lot of attention, brought a lot of institutional investors, brought a lot of platforms which are now seeing it fit to adopt it to their payment systems and many more; all these in one way or the other contributed to the price of Bitcoin we are seeing today. So the lesson to learn from Bitcoin is, go for a coin that has potential and very good use case, then hold on to it and one day you will be glad you did, but do so with a fund you can afford to lose.

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December 26, 2020, 06:19:00 PM
 #9

There are some people who are willing to hold bitcoins not because of their value, but because of the characteristics of bitcoins. More precisely, those who are comfortable with freedom without regulation, so that their bitcoin will be spent a lot after bitcoin is fully functional as a currency like fiat (mass adoption).
Its always regular chain of ATH all time high, ATL, all time low for Bitcoin investors, if this is all to think,ponder-on, holding would be like the battle a chain smoker gets when he says is about the quite cigarette. The battle Will be worse if price falls, although I have a sense that price won't be as exciting in January 2021

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December 26, 2020, 06:38:31 PM
 #10

It was never their intentions to hold bitcoin that long, the truth is they invested at the wrong time thinking that Bitcoin will grow over 20k in 2017, they have no choice but to keep holding just to get back their money someday

He only told is those intended to invest in 2018 of December which is the lowest price of Bitcoin for the last 3years . Those who bought Bitcoin in 2017 time I guess they already sold it in early 2018 or when the price dump so hard to $3k$ for fear of loosing its value more. The only person who will continue holding it that time is those who have a many avaialbe money to use in real life and not ordinary investors that only want to earn from their capital that they use that's why they invested in BTC in 2017.
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December 26, 2020, 06:46:35 PM
 #11

as we know, the price of Bitcoin had a bear run in 2018 with the lowest price at $3k on Dec 17, 2018 and now the price of Bitcoin has reached $25k and this is the new ATH price for Bitcoin, so if you buy Bitcoin in 2018 and HOLD until now, then you can get a profit of more than 700% and I also congratulate those of you who HOLD or bought Bitcoin in 2018 when the price of Bitcoin dump.

I don't congratulate bad investments made on greed. Anyone bought at $20k in 2017 it was a mistake. Buying at $3k in 2018 required guts as all you were listening was fear and traders wanting less price to buy. I did make a good return but I wish I didn't have to sell to the banksters that took over. Since it is their game now, I'm not interested too much, it is not about anything for me just to make profit. I tried to be an idealist but there is nothing like that, perhaps it was in early days. Now it is all about making more fiat money for yourself.
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December 26, 2020, 06:48:24 PM
 #12

I also join you in congratulating the set of people who bought Bitcoin at the date you mentioned because I know the profit margin is a way lot higher now. The power to hold and believe in your goal matters a lot not only in the crypto world but generally applicable to the whole essence of creation. To believe in whatsoever you are doing.

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December 26, 2020, 06:59:58 PM
 #13

The strength of hodling lies in the fact that all people who invested before the month of 11 years 2020, he will make profits regardless of the amount he bought with as long as he kept those currencies, and the earlier you bought, the greater the profit, even those who bought at the end of 2017 when the price broke each Its ATH.

The believe is that paper money is going to be less low. all the printing and inflation that governments are doing.


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hatshepsut93
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December 26, 2020, 07:05:20 PM
 #14

As Bitcoin reaches new highs, people start comparing it to the prices, but this isn't a good idea. Past performance does not guarantee future performance, the causes behind price movements change with time, and expecting the history to keep repeating itself is quite naive. These institutional investors that are active now do not "hodl and believe", they make market analysis and decide that right now Bitcoin is a good investment, given the current circumstances. Learn from them and approach investing rationally instead of emotionally.


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..BUY/ SELL CRYPTO..
eaLiTy
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December 26, 2020, 07:14:07 PM
 #15

I decided to hold on Bitcoin since 2018 after the all time high. I buy various Physical coin such as casascius coin and satori during the time when BTC price was low and now I'm still holding on. I will open my coin once BTC price reach 100K USD.   Cool
Out of curiosity i would like to know how long you are willing to hold to reach $100k  Wink. You need to have good patience for the price to reach those valuation as per my understanding of the market even though there are speculation about the price reaching those levels in a much shorter period of time.

If you are able to invest at the right time when the market was on the bear run, you will understand the power of HODL and not when the market is rallying and breaching all the resistance Grin.

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December 26, 2020, 07:15:55 PM
 #16

It sounds easy and possible but practically it's really difficult because it all the investors are in for long term investment but rather they look for periodic returns. Especially during last bear market the value of Bitcoin fell so drastically that users started assuming it would go to zero and we had so many negative articles about Bitcoin which made it really difficult to hold on to bitcoin at that time. Now people will not repeat same mistake and kudos to those who managed to hold on tot their investment during bearish market.

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December 26, 2020, 07:16:36 PM
 #17

as we know, the price of Bitcoin had a bear run in 2018 with the lowest price at $3k on Dec 17, 2018 and now the price of Bitcoin has reached $25k and this is the new ATH price for Bitcoin, so if you buy Bitcoin in 2018 and HOLD until now, then you can get a profit of more than 700% and I also congratulate those of you who HOLD or bought Bitcoin in 2018 when the price of Bitcoin dump.
While that kind of growth is impressive by itself at the same time we need to be realistic, how many people actually bought a huge amount of bitcoin at those levels when the market was in full panic mode? Only whales and incredibly strong hands, everyone was either selling or kept holding because they did not knew what they were doing, so almost no one got profits close to that.

However the good thing is that you did not needed to do anything resembling that or even hold for that long, just this year in March there was a drop in the price of bitcoin to 4k so in just a few months you could have gotten similar profits if you were smart enough to understand that the market was panicking because of the coronavirus.

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December 26, 2020, 08:06:30 PM
 #18

I have passed the lowest of last few years. I have hold although I felt stress at that time but it turns into my favor, into our favor, into HOLDER favor. Well, I think the run has started now and there is still lot of way to go this time. We can expect $30k soon.

Being a holder really makes us stressed in times where we don't see any positive movements in the price of bitcoin. But now that we are celebrating because of a new all-time-high, this is the best time for us to reflect how bitcoin reached this milestone. Bitcoin has already reached $25k and is still on going in the market. There are a lot of investors right now who are really happy and having so much profit during and after Christmas. Hoping that you seize the opportunity to make bitcoin profitable this year.
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December 27, 2020, 10:19:28 AM
 #19

as we know, the price of Bitcoin had a bear run in 2018 with the lowest price at $3k on Dec 17, 2018 and now the price of Bitcoin has reached $25k and this is the new ATH price for Bitcoin, so if you buy Bitcoin in 2018 and HOLD until now, then you can get a profit of more than 700% and I also congratulate those of you who HOLD or bought Bitcoin in 2018 when the price of Bitcoin dump.

Not just bitcoin though, even Ethereum who has its lowest price at around $80 in 2018 could have turn you big profits as well.

That's why we need to understand that HODL takes years, not just 12 months, but at least 3 years will get you a net positive %. But we also have to understand the exponential growth will slow down, so that 700% returns might be like 200%-300% in the future. But still a good investments compare to other instruments or assets out there.

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December 27, 2020, 12:39:17 PM
 #20

The market is deeply in a struggle last 2018-2019. Well, I hate to remember those days which the forum is full of negativity. If we are going to compare it today, I think we are in the same scenario what it makes a huge difference this time it is because of Covid-19 that helps the crypto market to get known.

If we only know that this COVID-19 would come and will bring the price like this, I can say that all of us are probably holding a lot of Bitcoin during the bear season. However, we don't and only it brought to our mind just now. We miss again the chance...

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