Dont stay in crypto too long

[Fredomago]

If crypto is on a 4 year cycle and the crypto market will have a huge correction maybe in September of October,  are the long hold coins best to hold through the 90 percent dip and how long do we think it will take for the price to come back up please??  I’m having a hard time with paying the 37 percent capital gains if I have to sell before the huge dip.  Thank you

There's no accurate answer to that question, we don't know when this correction will take place and how dip the value may go, it's up to your good analysis to avoid certain loses.

If you are into long term better to hold coins that have strong foundation, project that already proven it's worth from this industry.

We can't avoid correction but if we are hodling valuable assets even it takes a longer time frame to bounce, it's still doable to
earn, just take the last 2017 bull as an example, more lost their faith but it's bouncing back and it's bringing decent.

[1715184253]

1715184253

[BuNga_cute]

If crypto is on a 4 year cycle and the crypto market will have a huge correction maybe in September of October,  are the long hold coins best to hold through the 90 percent dip and how long do we think it will take for the price to come back up please??  I’m having a hard time with paying the 37 percent capital gains if I have to sell before the huge dip.  Thank you

If you check out this reporting from February, the headline is that 80% of holders are now long-term investors and it has lots of other useful information:

https://www.marketwatch.com/story/who-owns-bitcoin-roughly-80-are-held-by-long-term-investors-report-11612998740

Now if you believe them, and MarketWatch is a fairly reputable investment news site, then the market has changed from previous cycles. It is highly unlikely we would every see a correction anywhere near as high as 90%. It rocketed from $15,000 to $60,000 but that was before institutional money got involved. The people holding Bitcoin now are people who never need to spend it and are happy to hold cryptocurrency forever among their many other investments. If you have a problem with capital gains then you should be taking the maximum you can out every year without triggering the taxable threshold.

What you are saying is true that today there are more holders who plan to invest for the long term. Therefore there is no need to worry about
deep corrections, because more people continue to collect Bitcoin than are selling it or spending it. Even though I'm not a big investor,
I also do the same thing, which is to continue to collect Bitcoin. Because I believe the Bitcoin price will go up to at least $ 100k this year.

[mezzaluna]

I can't accept your advice. Cryptocurrency is the digital currency and it is the future of the economy. While many developed countries of the world are legalizing cryptocurrencies, many organizations, businessmen, rich people are participating in crypto, the number of crypto users is increasing day by day, it seems foolish to me to get out of crypto. My life could change at any time if you keep your assets in crypto.

Its also a very broad advice but its still our decision on whether what to do things within this Industry. Its really great to see an increasing number of Crypto users because this means that they are willing to learn something new that would benefit for a long time. They will be taught on how to monetize their time and utilize their knowledge on how to gain more using Cryptocurrencies. The opportunities that Crypto's present at the moment is limitless and we have the decision on when to grab those opportunities at our leisure.

[CaVO32]

I can't accept your advice. Cryptocurrency is the digital currency and it is the future of the economy. While many developed countries of the world are legalizing cryptocurrencies, many organizations, businessmen, rich people are participating in crypto, the number of crypto users is increasing day by day, it seems foolish to me to get out of crypto. My life could change at any time if you keep your assets in crypto.

Its also a very broad advice but its still our decision on whether what to do things within this Industry. Its really great to see an increasing number of Crypto users because this means that they are willing to learn something new that would benefit for a long time. They will be taught on how to monetize their time and utilize their knowledge on how to gain more using Cryptocurrencies. The opportunities that Crypto's present at the moment is limitless and we have the decision on when to grab those opportunities at our leisure.

The decision is still yours anyway. I don't think many people are going away from crypto, instead, they are staying and finding ways how to increase their investments. Specially, that we have a lot of choices now how to increase your funds in various crypto financial services. And also, if the OP wants to stay away from crypto, why is he still in this forum?

[protocon]

I thought blockchain doesn't have a central server so unless they hack your personal hash and transfer money from your wallet, it's almost impossible to calculate them on their own.

[iTradeChips]

I am not sure if I am going to follow the advises of those who say to sell immediately. Unless the OP just wants to share his misery to others about his crypto experience, then of course we have the responsibility to remind ourselves not to get affected with bad news. I would say that let's all do our best to become good traders and investors and hope that we would be able to profit from our efforts someday. We should be able to overcome our fear from being affected with the lows of trade and investing.

[Rasel5209]

Crypto is ruled soon by sec and goverment its not goodw

Make your cash and get out of crypto
Pepple dont like regulated things fuck rules and regulations crypto is freedom if the goverment start fuck woth our bitcoins and crypto then its not good


We stay for using cash 

I agreed with you that make cash. I Don't agreed with you that gone out after cash. Crypto currency gives good opportunity for earning. You need to cash for real life also need to involved in crypto. Cause today world moved crypto currency.

[gabriela1999]

It's hard to access your Bitcoin wallet if you don't support them. So the government, SEC wants to control Bitcoin this is very difficult. They can only impose banned from transactions in some trading platforms. They cannot ban you to store in your own wallet.

[Pokapoka124]

Bitcoin surges past $62k despite ban in Nigeria and other countries. It's amazing that bans on Bitcoin seems to have little or no megative effect in the price of bitcoin rather it seems to get more people talking about Bitcoin... Its more like advertising in a odd way. Nigerians are pouring in the crypto  space regardless of the information being put out  by the government. A lot more people in my neighborhood are talking about crypto,  maybe for the wrong reasons because I hear them talking about xrp shooting up and they are excited about it

[tanjiran]

Make your cash and get out of crypto
Pepple dont like regulated things fuck rules and regulations crypto is freedom if the goverment start fuck woth our bitcoins and crypto then its not good
We stay for using cash 

everyone has their own perspective on this matter, but we need to understand that even if the government starts to take part, bitcoin will still be decentralized and there are ways to maintain your anonymity. Surf further in this ecosystem and you will find many wonders.
risk management is important, that's the importance of knowledge. that way you can decide which strategic move is best for you. and remember, the methods and decisions you use are not necessarily the same as others

[tabas]

It's hard to access your Bitcoin wallet if you don't support them. So the government, SEC wants to control Bitcoin this is very difficult. They can only impose banned from transactions in some trading platforms. They cannot ban you to store in your own wallet.

That's right, they cannot access our bitcoin wallets. Whether they ban bitcoin transactions but if your transactions are being done on the network that doesn't include names and location of the people that transacts, they cannot get you. But it's not a thing anymore for most government to ban bitcoin or its transactions, they see it as another cash cow that they didn't believed before but now, they're just giving regulations because its price is increasing.

[Kamarah]

if the goverment start fuck woth our bitcoins and crypto then its not good

The government can only access your Bitcoins if you allow them to. There are many ways to use Bitcoins without compromising decentralization or privacy. If you view Bitcoin as a cash and grab scheme, then just maybe you do not fully understand it yet and should just stick to fiat.

You're right! I really do not have extensive knowledge and full understanding of Bitcoin. I only buy bitcoins in and sell when the price is high to make a profit. I do not have a strategic vision, so I often lose money when investing. Can you help me gain experience with Bitcoin? Thank you for your help.

[Argoo]

I am not sure if I am going to follow the advises of those who say to sell immediately. Unless the OP just wants to share his misery to others about his crypto experience, then of course we have the responsibility to remind ourselves not to get affected with bad news. I would say that let's all do our best to become good traders and investors and hope that we would be able to profit from our efforts someday. We should be able to overcome our fear from being affected with the lows of trade and investing.

When working with cryptocurrency, you need to take into account any scenario. Therefore, it will be better if we periodically withdraw profits in regular currency or at least in stablecoins. It is important that we do not invest all our free money in cryptocurrency, no matter how profitable it may seem.
Of course, we have significant amounts of cryptocurrency and here we cannot fully adhere to the recommendation to invest as much as we can afford to lose. We are not interested in losing any significant amounts of money.

[Tahsin Kabir Kollol]

In fact, your idea is based on two types of cryptocurrency features and their control. There are some cryptocurrencies that are primarily centralized and controlled by certain individuals or groups. All of these cryptocurrencies can be easily controlled or managed by the government or the SEC. However, there are other cryptocurrencies, such as bitcoins, which are decentralized and cannot be fully controlled or managed by governments or institutions. These can only be monitored if you allow them access to your Bitcoin. But I personally think that if the government wants to monitor or legalize cryptocurrencies, their popularity will increase. So there is no reason to think negatively about this issue.

[Rajamuda]

People's thoughts are different about crypto, whatever the issue is.. hopefully bitcoin is fine and remains in its strong role, because I personally still believe bitcoin remains strong in all its characteristics.

[Kez1817]

Staying in crypto is my happiness because I was able to feed my family through this kind of works and investment either for short or long term. No need to have fear if even government legalized crypto as long as we can still use it and earn from it.

[kaggie]

Crypto is ruled soon by sec and goverment its not goodw

Make your cash and get out of crypto
Pepple dont like regulated things fuck rules and regulations crypto is freedom if the goverment start fuck woth our bitcoins and crypto then its not good


We stay for using cash 

The SEC?

The SEC is a US institution. It does not exist across other nations. Bitcoin is larger than the US.

The SEC can regulate exchange between bitcoin and cash. They are still beholden to US citizens as their employers. Increasing numbers of Americans are into bitcoin and concerned about lockdown based inflation. The SEC has to be enough above board or they lose their jobs.

Even in the case of other large institutions, they can try to crash bitcoin by selling their assets, but then more people get into it cheaply. They can try to manipulate through buying bitcoin to control more of it, but then current bitcoin users have more wealth.

Bitcoin is not the big question that it once was.

[Vlad2Vlad]

Crypto is ruled soon by sec and goverment its not goodw

Make your cash and get out of crypto
Pepple dont like regulated things fuck rules and regulations crypto is freedom if the goverment start fuck woth our bitcoins and crypto then its not good


We stay for using cash 

The SEC?

The SEC is a US institution. It does not exist across other nations. Bitcoin is larger than the US.

The SEC can regulate exchange between bitcoin and cash. They are still beholden to US citizens as their employers. Increasing numbers of Americans are into bitcoin and concerned about lockdown based inflation. The SEC has to be enough above board or they lose their jobs.

Even in the case of other large institutions, they can try to crash bitcoin by selling their assets, but then more people get into it cheaply. They can try to manipulate through buying bitcoin to control more of it, but then current bitcoin users have more wealth.

Bitcoin is not the big question that it once was.

Obama passed 2 important laws.  They can arrest any us citizens Anywhere in the world without due process.  And another law, the US can murder any US citizen in the world without charges or a right to a lawyer. 

You have no more rights.  Soon the guns and constitution will be gone. 

Make your money and run for the mountains.  Hardest places for drones to find you.





The SEC IS GOLDMAN’s pet dog.  That’s why bitfinix keeps printing fake money called tether.  Lol


[moderator's note: consecutive posts merged]

[kaggie]

Obama passed 2 important laws.  They can arrest any us citizens Anywhere in the world without due process.  And another law, the US can murder any US citizen in the world without charges or a right to a lawyer. 

You have no more rights.  Soon the guns and constitution will be gone. 

Make your money and run for the mountains.  Hardest places for drones to find you.

Not without consequence.

Hide in the mountains? No way. I happen to like the amenities of life, such as running water, good food, and the internet.

Practically, if you have to hide in the mountains, you have already lost. It's much better to make a stand by talking to people about what you believe in. That way, no one has to hide in the mountains.

The US government has to answer to its own citizens. They have to answer to the world too. And if they don't, then they will lose whatever it is they think they control. There are few things in the world that are permanent.

Changing the world only takes a few people to speak truth. Just look at Satoshi -- he didn't even require being known, and created a trillion dollar industry.

Imagine what you can do if you don't hide in the mountains.

[evilgreed]

               Man, op is really pissed! But seriously though, you really need to understand that we are the main characters but only in our own story, in the eyes of others, we are just fillers even more so in the eyes of the people on top. So I think that you should instead focus on things you can control rather than stressing about things you cannot change. If it gives you benefits, do it or use it. If not, then stay away from it. That is what most people do to keep their minds at ease and calm. Anyway, bitcoin is not something that the government can fully control nor fully ban just like drugs and other crimes. If you really want to, there will always be ways for present, you just have to look for it. If you don't want to, then there would really be no ways available and even more reasons as to why there will be no possible ways.