Newbies: Don't panic and learn to hold

[cheezcarls]

Despite that it dipped to $17k last time, I didn't sell my Bitcoin where I have done some DCA already since May 2022. I am at a loss unfortunately but it doesn't stop me from my long-term goals in building wealth with Bitcoin. I don't mind how long will I be waiting for the bull run and recovery to commence, it's just that I don't want to make the same mistake as before in missing out Bitcoin while it was still cheap. For me, now's a good time despite that there's no perfect time to buy and hold.

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[Joshapat]

When we invest, of course, we already understand all risks, including dropping prices or loss opportunities, as we know that bitcoin is a type of high risk investment so that before entering then we must do the analysis including ready if the price of drops, if we aim to profit then the hold is the best option rather than selling due to loss and panic.

[Ahli38]

indeed we do not totally trust the analysts who predict the price of bitcoin. just use it as an additional reference source material to complete the analysis by each of us. In a bear market like this it is very important to maintain emotional stability. stay patient and avoid panic. keep using the DCA method for those who still have funds to buy and if you don't dare to enter, it's better to keep monitoring the market while waiting for the bull market to come. because of course we do not want to lose the golden moment in the market. but the fact is that even though panic indicators dominate, the number of wholecoiners continues to increase rapidly.

[Henrobakkara]

If you do not have a clear intention coming into the Bitcoin market which should be for the long term then it is most likely that those traders will definitely make mistakes when we start seeing price dips like this in the market but for those that knew why they are investing and what the target time is, it most definitely wouldn't really matter when there is a price dip in the market.

[BobK71]

So just hold till what?... I think safe investing should have a liquidation point. Unless you are really devoted to that stock or cryptocurrency.

Every cryptocurrency trader has a goal what really he wants to do. Most of the time he doesn't know Is he a trader or an investor? Let me say that the trader is working with short time success on the other hand investor can be a long time holder like 1 year or 1 era or more. One of the biggest mistake in the crypto life that we can not identify what we are, trader or investor?  Sometimes we become a trader by buying a crypto and after some time we treat as investors these thing creates Chaotic environment in crypto life. First we need to understand crypto then determine short tram or long tram. Remember, Some times taking early decision is Irrecoverable in crypto life.

[ninis45]

those who have survived may not sell it because the strategy to get short-term discounts seems very risky even though the market direction is still likely to fall because the market fall from 28K$ to below 20K$ is very significant with a period of only 2 weeks only for them those who dare to sell it at that time get a market bonus

Because of volatile market of bitcoin, it can get lower and that is how we must prepare if it is likely to come. We can have the idea that we shouldn't be confident with what we can see because anytime it can move at any range that it can.
But there is no need to panic and just don't think that you can beat the market.

because what we see is sometimes deceiving and this often happens choosing to stay is the last solution under the market crash and the reality of price losses in the assets we have even though maybe for the next trend the strongest price is 17K $ but in fact fake BTC bullish or real is still a sign

[dataispower]

When we invest, of course, we already understand all risks, including dropping prices or loss opportunities, as we know that bitcoin is a type of high risk investment so that before entering then we must do the analysis including ready if the price of drops, if we aim to profit then the hold is the best option rather than selling due to loss and panic.

people who does not understand the value of bitcoin are the one who panic for cryptocurrency selling. it is real that Bitcoin have it's kind of values and it's kind of risk method. Anybody who invest in Bitcoin knows it involves of buying and selling and also lose and profit. When the price of cryptocurrency is falling some new investors quickly panic to sell while in other way round people who panic fall to the category of lost,why people who withhold their currency ends up for making profit and especially people who hold for long term

[Retiicle]

The time seems quite tough to keep patience and believe in bitcoin but that’s probably the right thing to do at the moment. If you look at bitcoin’s history, it has proved its worth over and over again. Keep your bitcoins safe and let them do the magic for you.

[wxa7115]

So just hold till what?... I think safe investing should have a liquidation point. Unless you are really devoted to that stock or cryptocurrency.

Every cryptocurrency trader has a goal what really he wants to do. Most of the time he doesn't know Is he a trader or an investor? Let me say that the trader is working with short time success on the other hand investor can be a long time holder like 1 year or 1 era or more. One of the biggest mistake in the crypto life that we can not identify what we are, trader or investor?  Sometimes we become a trader by buying a crypto and after some time we treat as investors these thing creates Chaotic environment in crypto life. First we need to understand crypto then determine short tram or long tram. Remember, Some times taking early decision is Irrecoverable in crypto life.

And without a doubt this is a big problem as being a holder and being a trader many times require to have skills that run contrary to each other, for example a trader is supposed to sell and get out of his positions as soon as the price goes down, while an investor is required to do the opposite and keep holding their coins for as long as possible even when suffering tremendous losses.

This creates confusion on those people and many times they are unable to apply one strategy or the other, and this makes them lose a massive amount of money due to this simple mistake.

[virasisog]

The time seems quite tough to keep patience and believe in bitcoin but that’s probably the right thing to do at the moment. If you look at bitcoin’s history, it has proved its worth over and over again. Keep your bitcoins safe and let them do the magic for you.

I used to fear this kind of season as well and I've also thought that Bitcoin could lose its value because of the current market situation but things didn't work that way. The Bitcoin history would show us how it has resisted and passed all the tests of time. While others are in fear, we should just hold and see how Bitcoin would strike high again when the market recovers. Bitcoin investment will always be like a roller coaster ride but we should trust its capability.

[Rockstarguy]

Despite that it dipped to $17k last time, I didn't sell my Bitcoin where I have done some DCA already since May 2022. I am at a loss unfortunately but it doesn't stop me from my long-term goals in building wealth with Bitcoin. I don't mind how long will I be waiting for the bull run and recovery to commence, it's just that I don't want to make the same mistake as before in missing out Bitcoin while it was still cheap. For me, now's a good time despite that there's no perfect time to buy and hold.

People who understand bitcoin very well knows that hodling is just the only way to recover lost bitcoin, because the market will definitely bull at anytime,  their is no need to be panic during the bearish market because it won't last forever but people still forget about the aspect that their is a time for a bull market to get profit. This is the best time to invest in bitcoin but not everyone can be patient to wait for the bull market.

[AakZaki]

People who understand bitcoin very well knows that hodling is just the only way to recover lost bitcoin, because the market will definitely bull at anytime,  their is no need to be panic during the bearish market because it won't last forever but people still forget about the aspect that their is a time for a bull market to get profit. This is the best time to invest in bitcoin but not everyone can be patient to wait for the bull market.

Bull market will definitely happen, but those who can't wait can only panic because the assets they buy are at high prices. Their psychology is finally shaken as the market continues to fall.
having money in reserve is helpful at this point, buy cheaper and hold on until the price reaches more new ATH.
Since the bitcoin market is indeed very volatile, it is not easy to reach it.

[Doan9269]

When we invest, of course, we already understand all risks

That should be the risk onna norms but things don't work as expected atimes, our actions lacks perpetual precision in determining the real state in market trend for bitcoin price and volatility, despite our understanding of the risk involved we still believe we can't fall a victim for wrong prediction and eventually fall.

including dropping prices or loss opportunities, as we know that bitcoin is a type of high risk investment so that before entering then we must do the analysis including ready if the price of drops

If we assume bitcoin to have high risk on investment what then should we say about the altcoins? Bitcoin rather isbthe available option to safety from the high risk involved in shitcoins investment.

[Japinat]

This call is not just for newbies but this is for everybody. Maybe for old-timers, this is not hard but still, many of them have not appreciated the word HOLD, it is somehow they got influenced by their negativity. In fact, looking back on the surge of panic selling in the last bear season, it can't be possible if we still don't value this thing (hold) this time.

I think this was the time to open up our mind and think about what we can help the market as panic selling never contribute positively but rather seeing negative results. We don't just ask but to encourage everyone to become strong and let this bear season pass worrying about nothing.

The bear season will always come and go in the crypto market, so either we learn to adopt it, stay out of panic and just buy and hold, or just leave the market because you can't bear seeing the prices dropping. Most of us have been making terrible losses this time, but if you continue to just hold your investments, i guess losing will also be impossible. But i suggest to keep buying while the market is bearish, as this is the best time to buy and hold and create huge profits in your portfolio in the future.

[boris singer]

Despite that it dipped to $17k last time, I didn't sell my Bitcoin where I have done some DCA already since May 2022. I am at a loss unfortunately but it doesn't stop me from my long-term goals in building wealth with Bitcoin. I don't mind how long will I be waiting for the bull run and recovery to commence, it's just that I don't want to make the same mistake as before in missing out Bitcoin while it was still cheap. For me, now's a good time despite that there's no perfect time to buy and hold.

That's a good thing because that's why it has to be sold, especially when it's a loss. while selling in a panic and reasoning not to increase losses is a pretty naive thing to do and you're doing the right thing by doing nothing and holding on.
As you said now is the time to hold and increase your portfolio if there are still spare funds so that when the Bulls come you don't regret this.

[dataispower]

Despite that it dipped to $17k last time, I didn't sell my Bitcoin where I have done some DCA already since May 2022. I am at a loss unfortunately but it doesn't stop me from my long-term goals in building wealth with Bitcoin. I don't mind how long will I be waiting for the bull run and recovery to commence, it's just that I don't want to make the same mistake as before in missing out Bitcoin while it was still cheap. For me, now's a good time despite that there's no perfect time to buy and hold.

People who understand bitcoin very well knows that hodling is just the only way to recover lost bitcoin, because the market will definitely bull at anytime,  their is no need to be panic during the bearish market because it won't last forever but people still forget about the aspect that their is a time for a bull market to get profit. This is the best time to invest in bitcoin but not everyone can be patient to wait for the bull market.

panicking for cryptocurrency falling is normal thing that happened in cryptocurrency, so nothing is ugly for cryptocurrency bearish because the bearish is what makes the market to be valid and what makes the market to be profitable and lost at all times. Those people who panic and sell, just helped for the correction of cryptocurrency. Holding is nice and is not every body that will have such time to hold coins for long time

[Porfirii]

DdmrDdmr has recently shared in the Spanish local board the data that the 56% of Bitcoin wallets are in positive.

To me, it is a lot less that I expected (I thought there were many more old wallets with "cheap" Bitcoins). I suppose that this is good news, as not so many wallet owners can sell at a profit thinking that 20K is enough. Briefly, that there will be more hodlers by obligation than I expected.

Another important insight would be to know how many Bitcoins are deposited in the wallets that are in negative. But without going so far, and ignoring other factors, I feel more optimistic about the future.

[darkv0rt3x]

This is once more a matter of trust and time preference. Once you understand the bascis of how our economy works and how it will colapse somewhere in a (near) future and when you also understand about the Time Preference, it will be a no brainer on how to hodl Bitcoin whatsoever! It's almost crystal clear and with a few things I just read about how corrupt is America's governments and about a few other things related wit EUA positions and UE compliance with American crap, then, it might be sooner than most think! I'm a bit scared of the outcome of some of the things I've just read about! But it's not for this thread!

[Oceat]

Despite that it dipped to $17k last time, I didn't sell my Bitcoin where I have done some DCA already since May 2022. I am at a loss unfortunately but it doesn't stop me from my long-term goals in building wealth with Bitcoin. I don't mind how long will I be waiting for the bull run and recovery to commence, it's just that I don't want to make the same mistake as before in missing out Bitcoin while it was still cheap. For me, now's a good time despite that there's no perfect time to buy and hold.

That's a good thing because that's why it has to be sold, especially when it's a loss. while selling in a panic and reasoning not to increase losses is a pretty naive thing to do and you're doing the right thing by doing nothing and holding on.
As you said now is the time to hold and increase your portfolio if there are still spare funds so that when the Bulls come you don't regret this.

After seeing the ATH, how foolish someone if they still have to choose to sell their BTC. They're just weak-hands who can't hold with a small patience. This market is not for them if that's how they think about the market and it's not actually for newbies. So if you are in this market for a long time you should know what to do in this kind of situation.

Always HODL if there's a correction/dip and do some DCA since that would be the only thing you can do in this market situation. Please understand that there's right time for bullish trend and bear trend and this time it's bear trend already. So HODL!

[Ahli38]

I myself became more focused on DCA. Because I don't want to regret like when bitcoin hit ATH. and at that time I was very sorry for not having many. so I feel when the price of bitcoin drops then this can be used as an opportunity to accumulate bitcoin little by little.
i also invest in gold and i am now pausing to enter shitcoin because after all when the market situation is like now then the opportunity to take profit from shitcoin trading is very difficult. although i still trade daily but i only trade in bitcoin for now. current price fluctuations are also very good for scalpers. so I trade daily and profit from day trading I always set aside a little to increase my capital for DCA for long term. In this way, my mental and psychology are not disturbed by any kind of market situation. Of course, everyone has their own way of dealing with the current market situation.