Do you want to live a peaceful life? Without drama? Then HODL and enjoy the ride

[Captain Corporate]

I have been similar for the past 2 or 3 years give or take. I have been around since the 2013 march, and I failed to hold any bitcoins I got, never really trusted the system as a whole, not the tech part, I trusted that the moment I saw it but the price. I remember selling dozens of bitcoins over the course few years when I first started and even gambled many away as well. For the past 2-3 years I have been learning more about the economy and that gave me a lot more patience, this drop is insignificant, and even an opportunity for me. My transition happened way too late, nearly 7 years later, I hope newbies do not make the same mistake that I did and wait for too long to become a long term traders.

[GreatArkansas]

Dips are temporary while inflation is permanent, what do you think?
I believe that these recent dumps on Bitcoin and other markets are because of the high inflation in most countries.
To be honest, during these times is the best to buy Bitcoin if you are planning to hodl for the long term, but there are some people who are waiting for the dip and start become afraid to buy the dip, like before when we reached all-time-high they regret not buying on a lower price, so this is the best time for sure.

[lionheart78]

Unfortunately, a lot of people want to get rich very-very quick, so they try to trade frequently,

It is good that they trade frequently to get their goal of getting rich quickly.  But many who has this thing in mind often fell into fraud and scam that promised a huge amount of profit with Bitcoin as cover investment.

If only people realized that getting rich in 2-4 years is already extremely fast, and anything faster than that is virtually impossible,

It isn't virtually impossible and to be honest it is feasible.  There are lots of Bitcoin and crypto stories that make people rich in less than 2 years of crypto investment.  And I bet many member of the forum here can attest to that.

[xSkylarx]

I've never sold a satoshi since 2013, actually never sold any BTC. I've seen all the ups and downs, seen them all. I'm very relaxed now because I just HODL and enjoy the ride. Let the weak hands lose, the strong hands will remain. Go on and sell your BTC to the big boys. One day BTC will go in the $xxx,xxx zone and many of you will regret selling. Dips are temporary and BTC will still exist in 2140, remember that, it cannot just disappear. Go on, make the rich guys richer. They will be happy to buy it from you, but remember, once you give it away it's gone.

Actually I cannot believe a new opportunity to buy BTC for cheap has been given to everyone. It could be among the last who knows!

I cant believe you held it long . I can only hold it for couple of months and selling it off not because i am a weak hands but I need money to spend on something. I got curious about how rich are you now ?lol since you bought bitcoin last 2013 and that is the most cheapest price and easily to afford. If i am holding that bitcoin i am sure i also sold it to buy a house because we dont own one. I regret i sold before my Bitcoin but to lessen my regrets i just think thay if i havent sold it i never eaten foods from fast food since we cant really afford it

[Finestream]

This would be a great way if you are always going to be positive and see the things that BTC can give. You know that you are going to be able to "diamond hands" it all the way because you know where you stand on it. If you focus on one thing, you can definitely be unaffected by the price changes because overall, you can see the view and the positive things it can give in the long run. Just HODL.

The big winners in crypto are definitely those who came to buy those coins in a very cheap value and hold them for years until they will be satisfy enough to see the current value and decide to sell. But for OP, you must be very determined to hold your coins without getting fears that you will lose in the end, that's so brave of you. Soon you will definitely reap the fruit of all your hardwork and patience, just keep on hodling.

[virtualdn]

To make things clear for everyone, I'm not a rich person, probably most of you here are having a much higher revenue. I'm just very determined because I know BTC's potential and BTC is the last thing I'd touch. It's a difference between being rich and being perseverant.

[Flexystar]

Yeah the older you are in the crypto space the more confidence you have in bitcoin. Moreover there is technical reason why everyone should buy and keep holding through every dip. Since we buy at the current dip with x price it gives us that proportionate profit when bitcoin hikes. The profits in relation to fiat are higher for those who bought bitcoin at cents worth price and different for those who bought at current rate. So definitely oldies are way richer and has already gained thousands of times profits. Even though anyone is new in the market they should keep buying and hodling. Plus one for this.

[lienfaye]

To make things clear for everyone, I'm not a rich person, probably most of you here are having a much higher revenue. I'm just very determined because I know BTC's potential and BTC is the last thing I'd touch. It's a difference between being rich and being perseverant.

Good for you. But the last time the market is bullish and Bitcoin reached another ATH, aren't you tempted to take profit or you have set target price? In my case I tried to keep holding my Bitcoin but during emergency we have no choice but to sell some. Now that Bitcoin is turning down, its time to accumulate again. I also believe the price will skyrocket in the future so its worth it to hold and save little by little. The current situation is just temporary hence for investors who used to seeing the price of Bitcoin turning up and down, they're not panic selling unlike those people who have weak hands and cant bear seeing their coins losing value.

[coolcoinz]

Actually I cannot believe a new opportunity to buy BTC for cheap has been given to everyone. It could be among the last who knows!

Do you really see 30k as an opportunity, being the long term holder that you are?
I still have coins that I bought for sub 1k USD and for me 30k doesn't look like an opportunity to buy. The price is pretty high if you look at it from my perspective.
Don't get me wrong, I'm not planning to sell here, but when you look at the history and see that it touched 4k in 2020, 30k looks more like a high level than a low one.

IMO the fair value of bitcoin is around 30k, so selling here is a bad idea, but historically bitcoin often fell below the fair value when people sold in panic. 2020 is a good example of that, so there can be a better opportunity for those who don't have any BTC yet. 30k looks like a solid stable level that we are going to come back to again, not like a one time opportunity that you don't want to miss out on.

[FairUser]

I also don't have many problems if I continue to hold BTC, but honestly, this life is governed by too many things for us to be passive. The more you let go, the easier life becomes, but it is very difficult. Like a lot of people here, I've made a profit between 2019 and now, but for the future we have too much to deal with. BTC is very cheap for many people, but it is also beyond the reach of the masses with popular incomes like today. It is hard to say that it will take a long time to reach. But lucky people like us know and can buy it, so in my mind, I always wanted to be able to do something for the people around me from what we have received.

[Kakmakr]

I sold two times..... Once at $18 000 at the ATH back then, before it dropped (2017) and then again at $60 000 before it dropped back again. I am not regretting any decision to sell some coins, because it made a drastic change in my life.

OP, your decision can backfire on you.... or you will become filthy rich.. that is the gamble that you must take. I will rather have a scenario where I took some profits and when it goes to zero, I can show something for my Hodling.... than not doing it and having nothing to show for it.

[Cryptmuster]

Do you really see 30k as an opportunity, being the long term holder that you are?
I still have coins that I bought for sub 1k USD and for me 30k doesn't look like an opportunity to buy. The price is pretty high if you look at it from my perspective.
Don't get me wrong, I'm not planning to sell here, but when you look at the history and see that it touched 4k in 2020, 30k looks more like a high level than a low one.

IMO the fair value of bitcoin is around 30k, so selling here is a bad idea, but historically bitcoin often fell below the fair value when people sold in panic. 2020 is a good example of that, so there can be a better opportunity for those who don't have any BTC yet. 30k looks like a solid stable level that we are going to come back to again, not like a one time opportunity that you don't want to miss out on.

If the situation does not stabilize soon, then we may see a much larger drop in the price of bitcoin. It can reach 20k, or even fall even lower if people are subjected to panic selling, which can turn into an avalanche effect. I really hope that this will not happen, but it cannot be ruled out either. Previously, they were happy that large players were buying bitcoin, but now these players are selling large sums of bitcoin and are collapsing the price...

[bitterguy28]

I've never sold a satoshi since 2013, actually never sold any BTC. I've seen all the ups and downs, seen them all. I'm very relaxed now because I just HODL and enjoy the ride. Let the weak hands lose, the strong hands will remain. Go on and sell your BTC to the big boys. One day BTC will go in the $xxx,xxx zone and many of you will regret selling. Dips are temporary and BTC will still exist in 2140, remember that, it cannot just disappear. Go on, make the rich guys richer. They will be happy to buy it from you, but remember, once you give it away it's gone.

Actually I cannot believe a new opportunity to buy BTC for cheap has been given to everyone. It could be among the last who knows!

Here you go again , I really love you posting like this and also giving me full trust for Bitcoin as you have not sold any single satoshi for that long time .
you admired me a lot mate and thank you for this kind of post .

To make things clear for everyone, I'm not a rich person, probably most of you here are having a much higher revenue. I'm just very determined because I know BTC's potential and BTC is the last thing I'd touch. It's a difference between being rich and being perseverant.

but still you afford Holding your bitcoins that long while the temptations are all there for many times before, and specially when the price Hit 20k and now almost 70k  yet you keep them all? how great human are you .

[Lucius]

OP, your decision can backfire on you.... or you will become filthy rich.. that is the gamble that you must take. I will rather have a scenario where I took some profits and when it goes to zero, I can show something for my Hodling.... than not doing it and having nothing to show for it.

In some past threads opened by the OP, I also wrote something similar in the sense that a lot of things can be bought with money, but that time is still something that no one can compensate or control. I want to say that everyone should understand that some things should not be postponed indefinitely, therefore one should enjoy life every day, and if that means occasionally selling part of Bitcoin, I don’t see why that would be a bad move.

What I find very unlikely is that BTC will ever be worth so little in the sense that it will be close to zero, although some insane regulations could make it much less valuable than it is today.

[lovesmayfamilis]

What you might be right about is that bitcoin will live for another hundred years. But how many years have you measured yourself? How many? And also, you claim that you are not rich. In this case, how much can you save from 2013 and still remain not rich? I won't give examples.

But yes, the truth is that after going through many ups and downs, bitcoin will still return to growth. But to make a profit from bitcoin and not spend it, you either need to be rich (after all) or a fool. In old age, your wealth will seem like an unnecessary burden to you. Live here and now.

[SirLancelot]

I've never sold a satoshi since 2013, actually never sold any BTC. I've seen all the ups and downs, seen them all. I'm very relaxed now because I just HODL and enjoy the ride. Let the weak hands lose, the strong hands will remain. Go on and sell your BTC to the big boys. One day BTC will go in the $xxx,xxx zone and many of you will regret selling. Dips are temporary and BTC will still exist in 2140, remember that, it cannot just disappear. Go on, make the rich guys richer. They will be happy to buy it from you, but remember, once you give it away it's gone.

I do not think that you avoid drama by just holding for a long time because you "witness" it even if you are not part of it. Yes, if you buy and hold it long term then you do not have personal drama with crypto and it doesn't go up and down constantly and all of that. However, just because you do not feel fear about your own money, doesn't mean that you are nowhere to be found, you still watch the markets and you still end up feeling that drama happening to other people.

For example, I have been holding for a long time now, but I still feel a "fear" when the price goes down, not like it would matter to me but it does make me feel that way anyway, hence why I believe long term is not the solution.

[coolcoinz]

If the situation does not stabilize soon, then we may see a much larger drop in the price of bitcoin. It can reach 20k, or even fall even lower if people are subjected to panic selling, which can turn into an avalanche effect. I really hope that this will not happen, but it cannot be ruled out either. Previously, they were happy that large players were buying bitcoin, but now these players are selling large sums of bitcoin and are collapsing the price...

They already are panic selling. Most of retail buyers got out, mostly at a loss, in January.
Do you believe that people who are selling now (those big players) are doing it because of panic? It's a calculated move to start buying at levels that are considered historical support like levels of mining profitability. Hash power is rising the whole time, which means miners are investing money right now, just like they were doing it at 40k.
Don't be fooled into thinking that people who were willing to buy bitcoin at 40k USD are out now saying fuck 30k, I'm not going back to bitcoin. They see the same charts that we all see and they paint a picture of stable growth and constant higher highs on the weekly time frame.

If it were to happen that we go below 20k (not wick because of lack of liquidity but actually go and stay there, it would be a first time in 13 years. Possible, but very unlikely and only big events like world war 3 could make it happen.

[Eternad]

If the situation does not stabilize soon, then we may see a much larger drop in the price of bitcoin. It can reach 20k, or even fall even lower if people are subjected to panic selling, which can turn into an avalanche effect. I really hope that this will not happen, but it cannot be ruled out either. Previously, they were happy that large players were buying bitcoin, but now these players are selling large sums of bitcoin and are collapsing the price...

That's why we should keep monitoring. I already buy some bitcoin in these dump and may buy agin if the price will drop again, we don't know upto how much the price will be but we should not put all at once in bitcoin as there is still no positive news that can move the price up. If we plan to hold more than trade then better monitor the price. If already bought some then just keep waiting tills rise again, it will only be a matter of waiting and depending on our life situations so we can't say that there might be no drama since were not in control of the market.

[Boakse]

I really don't get these "ranked" people (legend\hero\etc) who keep claiming to HODL for Life and will never sell....


WHY DO YOU HAVE BITCOINS???


I sold some of my BTC in 2019 and paid of my house
I sold some of my BCH in 2020 and bought a nice car
Right now I am -waiting- for BTC tot hit above 80-100K and I will sell another one\two and buy a myself another house


I use my Bitcoin (and other) to live my life to the max!

Why holding on to it and never make use of it! Ridiculous!


OR


Is the fact that lots of legends and heros around here with high Merit, actually don't have that much Bitcoin

Shouting how good they are, and how well they know Bitcoin...  blablabla
And still shitfucking around with less then one BTC ?


Every Legendary who is NOT a millionaire by now has simply : FAILED !
  

[noorman0]

There is another story for people who like to spend bitcoin regularly because they enjoy the advantages. Remember that bitcoin is not just a matter of value, it's a method.

After all, everything will be coincidental regardless of how well you plan.
Suppose with 1 btc I spend today (@30k) on favorite foods or to my favorite places in good health, I have fully enjoyed my bitcoins. Or I decide to spend 1 btc in the next 20 years (@500k), but I with an illness are only limited to enjoying certain foods that were not my past favorites. If the first action includes "weak hands" then I better take that.