No BTC Holding is risky

[Little Mouse]

What can I say except that you had a completely wrong strategy when you were thinking in the direction of "Will we ever see $ 10k per BTC?", and this was my answer.

I wish I were not totally get out of BTC, atleast holding certain percentage. That was a bad move certainly but what can I do now. I was planning to wait some more months but it doesn’t seem like we will see the dump anytime soon, maybe never in my range to get in.
Well, now I'm considering atleast going with DCA so that I don’t have to miss the train totally.

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[anggoro manise]

There will be nothing to lose as long as we can be patient and wait. BTC is a very profitable asset, especially if you bought it a few years ago, you want to sell it at any price it will still make a profit. Likewise today, if we buy BTC now and we can patiently wait for the next few years, then we will get multiple profits.

[DU18]

There will be nothing to lose as long as we can be patient and wait. BTC is a very profitable asset, especially if you bought it a few years ago, you want to sell it at any price it will still make a profit. Likewise today, if we buy BTC now and we can patiently wait for the next few years, then we will get multiple profits.

It all depends on how brave the trader is in taking risks, because many traders panic when they see bitcoin prices fall in the market, but for those who believe in strong bitcoin fundamentals, they will certainly hold bitcoin for a long time, as you said if we buy bitcoin was cheap a few years ago, of course we would be profitable now, but some traders (including me) have even sold my bitcoins when the price had reached ATH at that time, but thankfully I was able to buy bitcoins back when the price dropped around $28K and I plan to keep it until halving day happens.

[Raflesia]

I believe more in holding bitcoin for a long time even this is less risk that will be faced compared to altcoins which looks very tempting to me this is only temporary while bitcoin will be better for a long time, even imagine what the bitcoin price will be if I hold from now on?

When the bear market came I just wanted to take a safer position with fiat money but if it was back to normal and the market had shown a recovery then I bought back the crypto I chose of course 50% was bitcoin as a reserve at the beginning.

[pinggoki]

At this point bitcoin has already established its place in the market and had been keeping its position quite solid for the past few years. It would be a waste indeed if we are not to invest even a small percentage of our money meant for investing and crypto in such a valuable asset with high potential for profits. Although the fear and the doubts are justified, knowing that there isn't really a big and full-blown use-case basis for bitcoin unlike its successors in the market, the profitability severely counteracts this, making it still one of the biggest coins in the market up to this day.

Well, what are you waiting for? Buy bitcoin now or atleast accumulate as much as possible and hodling for the long-term and wish that you have the patience to wait for a really long time so you can profit when the prices are much higher than the current price that the market is in.

A very famous revolving quote around this forum goes like this "the best time to invest is 5 years ago. the second best would be now." It makes total sense when you realize the or at the very least envision the opportunities and potentials that bitcoin would be stepping into come 5 years into the future. To strip yourself from being part of that is a grave mistake. bitcoin is a literal "buy now or regret later" venture at this point.

[goaldigger]

A risky that you might lose the chance if you don’t have Bitcoin.
I don’t know why people still prefer a meme token over a good coin like Bitcoin, I believe they are more into a quick profit than to invest and hold.

Peronally, Holding bitcoin is one of my best decision, I know it will continue to grow just like now where the price pumps a lot. Its more risky if you don’t have crypto yet in your wallet.

[Clavulanic]

I have sold my BTC earlier @$31k-$35k range long ago. I have invested in altcoin then and made some great profits although I had to lose 50% at the end. Now, I own almost no cryptocurrency other than USDT and a few trash coins.

Yesterday, I was scrolling newsfeed on twitter and got someone tweeted like this, "No BTC holding is risky.' This is somewhat true when I thought it deeply. Now, I got the same feeling. It’s risky to not own any bitcoin. Fiat is getting devalued all the time.

Indeed it was risky all the time, you're partly right because we're now already at wave 5 of current chart patterns, so definitely if you're afraid to take that another opportunity we should be grabbing it. However, regrets in the end will follow if price would abruptly pumping after that. Of course you should consider it as lost of opportunity if I'm not mistaken.

[sunsilk]

If you have sold because you need that profit, that's fine. But you should also have that long term plan upon holding bitcoin.

It's risky to say not to own bitcoin because you're going to miss a lot. And that's why whenever you sell, make sure that you will also have that time and price to buy back so that you won't miss every time bitcoin goes up.

[Johnyz]

No bitcoin no risk at all because you’re money is still in your wallet and there’s no chance for you to lose it so technically there’s no risk the only problem here is that, you are missing the opportunity to make money if you just invested that money to Bitcoin.

Cryptomarket is a risky market and for you to lessen the risk, you should invest on good projects and coins and having Bitcoin in your wallet can be a good assurance that you can still earn in the future. Taking profit with Bitcoin is fine, there’s no wrong to sell Bitcoin at all.

[GeorgeJohn]

Yesterday, I was scrolling newsfeed on twitter and got someone tweeted like this, "No BTC holding is risky.' This is somewhat true when I thought it deeply. Now, I got the same feeling. It’s risky to not own any bitcoin. Fiat is getting devalued all the time.

Someone can equally said that bitcoin holding is risky, the question is how? Because looking at everything, weather business or any other thing we adventure into, from my perspective everything is risky, if bitcoin holding is risky what about the process whereby bitcoin get increased than the amount the holder used to purchase it before it get accelerated in price, holding a bitcoin is just like investing or banking your money, so from my perspective i haven't seen any where bitcoin is bad by holding it.

[ultrloa]

If you have sold because you need that profit, that's fine. But you should also have that long term plan upon holding bitcoin.

It's risky to say not to own bitcoin because you're going to miss a lot. And that's why whenever you sell, make sure that you will also have that time and price to buy back so that you won't miss every time bitcoin goes up.

We have different reasons on why we sold our bitcoin and not everyone can afford to hold since sometimea our daily needs always be the one prioritized by certain individuals which only have small capital to use on their crypto investments. But even if thats the case we shouldn't forget to save a little volume since even if we save 0.001 btc everyday for sure this one will get a greater value in future.

[Lanatsa]

I have sold my BTC earlier @$31k-$35k range long ago. I have invested in altcoin then and made some great profits although I had to lose 50% at the end. Now, I own almost no cryptocurrency other than USDT and a few trash coins.

Yesterday, I was scrolling newsfeed on twitter and got someone tweeted like this, "No BTC holding is risky.' This is somewhat true when I thought it deeply. Now, I got the same feeling. It’s risky to not own any bitcoin. Fiat is getting devalued all the time.

You might make out some bad decision but what matter most is that you do earn profit and that's the main priority on why we are here on this market and also it isn't still too late for you to accumulate bitcoin.

This is actually a personal preference on where you do have the feeling that you should at least have bitcoin included into your portfolio and some do even minding about accumulating as much as they can which do came from into their altcoin investment.

Its a personal point of view since we can either choose both or neither between those two but literally we are just sharing on the same mindset or goal which is to make profits.

[dothebeats]

There are some circumstances wherein we can't avoid but to sell our btc holdings. I've been into the said situation for quite some time in the past, though I assured myself that I would still be trying to buy and gain more bitcoin as much as my budget allows. Currently I managed to earn a pretty good amount that I think will be worth something significant in the future, and I refuse to let go of what I have right now since there isn't really anything that is worth it enough for me to sell my stash.

You can always build your btc stash anytime, and just hold it tightly for you to not repeat the same mistake again. Other projects that are existing aren't really worth your while tbh.

[Vaskiy]

Everyone who believes on cryptocurrency have the same feeling. Looking the growth taking place with bitcoin and different altcoins it looks like we're in risk not holding any cryptocurrency. Even if it is a shitcoin, it doesn't matter. Maybe you can be lucky to make millions out of the shitcoin.

[pooya87]

It is very silly to own any altcoins when bitcoin is rising because altcoins get dumped during bitcoin rallies but not as hard as when bitcoin is dropping. It is also silly because altcoins don't have any long term potentials due to lack of utility, which makes "holding" them long term a very bad decision.

Now, I own almost no cryptocurrency other than USDT and a few trash coins.

Wrong. You only own shitcoins because Tether is no an exception. In fact it is categorized amongst the riskiest shitcoins due to being both shady and centralized.

[darkangelosme]

I have sold my BTC earlier @$31k-$35k range long ago. I have invested in altcoin then and made some great profits although I had to lose 50% at the end. Now, I own almost no cryptocurrency other than USDT and a few trash coins.

Yesterday, I was scrolling newsfeed on twitter and got someone tweeted like this, "No BTC holding is risky.' This is somewhat true when I thought it deeply. Now, I got the same feeling. It’s risky to not own any bitcoin. Fiat is getting devalued all the time.

Not for all dude, we have deferent kind of experience luckily as of this moment i did not lose to any of my trades . Yes still holding Bitcoin is very risky but it is up to you how you manage the risk.

[aysg76]

I have sold my BTC earlier @$31k-$35k range long ago. I have invested in altcoin then and made some great profits although I had to lose 50% at the end. Now, I own almost no cryptocurrency other than USDT and a few trash coins.

Yesterday, I was scrolling newsfeed on twitter and got someone tweeted like this, "No BTC holding is risky.' This is somewhat true when I thought it deeply. Now, I got the same feeling. It’s risky to not own any bitcoin. Fiat is getting devalued all the time.

Going from "bitcoin is risky" to "not having any btc is more risky" you are called grown up and realising how bitcoin is not about making money but also about replacing money.I am glad you was only 50% down and if you have not sold them you would be saying i invested $100 and now i don't have any so stack sats instead of those shitcoins out there.Getting a pie of bitcoin is better than getting full load of shit cakes .

[Lucius]

I wish I were not totally get out of BTC, atleast holding certain percentage. That was a bad move certainly but what can I do now. I was planning to wait some more months but it doesn’t seem like we will see the dump anytime soon, maybe never in my range to get in.
Well, now I'm considering atleast going with DCA so that I don’t have to miss the train totally.

No doubt, it was indeed a bad move - but many others also expected the price to go down - although $29k was successfully defended on several occasions, indicating that the trend must change at some point, and that happened. While the past may not always be a good indicator that something is sure to happen again, when it comes to BTC some patterns are definitely repeating - and the biggest price growth always happens in the year after halving. If you look at 2017, you will see the same pattern - a few major corrections during the year, and then a big bull run at the end of the year.

If you want to get back in the game you really have no choice but to buy again, and by the end of the year maybe the price will reach $100k which would mean a good profit.

[Kyraishi]

For sure.

People have to realise that risk is a time-based concept. The definitions of risk-free in the short and long runs are completely different.

For instance, in the very short run, cash is risk free as it is guaranteed to hold most of its value. However, if you zoom out to the big picture, equities and cryptos become much safer assets the longer you hold them, whilst fiat is a surebet to lose all your money eventually.

[coin-investor]

I have sold my BTC earlier @$31k-$35k range long ago. I have invested in altcoin then and made some great profits although I had to lose 50% at the end. Now, I own almost no cryptocurrency other than USDT and a few trash coins.

Yesterday, I was scrolling newsfeed on twitter and got someone tweeted like this, "No BTC holding is risky.' This is somewhat true when I thought it deeply. Now, I got the same feeling. It’s risky to not own any bitcoin. Fiat is getting devalued all the time.

Yes absolutely big percentage should be on Bitcoin, I have mine on 50% because it is a coin where its price follows by all altcoins and the market goes up and down depending on what kind of news Bitcoin is receiving, although there are altcoins that's performing good in the market, we should not replace Bitcoin as your leading portfolio because the community still voted Bitcoin to be their main coin in their portfolio.