Hold your bag when you can

[Doan9269]

The world we are living in is far from perfect and issues like this where the institutions and FEDs take advantage of the people will always happen. This will make people realize the purpose of BTC and before that happen hold your bag when you can.
Always remember, not your key not your coin.

The funny act from the government end using the bank is to create a kind of mindset that will place fiat overshadow bitcoin but no amount of economy fortunes in fiat could be able to control the volatility of bitcoin price, they can say whatever they feels right in their own sight but diverting from using fiat banks to bitcoin decentralized network is the very best available everyone key into for an effective rescue.

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[traderethereum]

Holding your bag is not easy because we always tempt by what happens to the market and many times we are panic seeing the market going down.
If you have a strong hand to still hold, no matter what happens to the market, you will have a chance to sell it at a high price.
Holding bitcoin while the price is down and buying back for more when the price is at a low price gives benefit to us to accumulating our bitcoin amount.
So that can give us a big chance to make a big profit later.

[kryptqnick]

I think it's a generally wise advice that the op is offering. If you can abstain from selling (if there's no necessity to sell), hodl your BTC. I have little doubt that Bitcoin won't recover from its current situation, as the pas has shown multiple times that Bitcoin always recovered before. It doesn't mean that this will always be the case, but it is still reasonable to judge Bitcoin based on its previous behavior.
The only issue I have with the idea of holding when one can is if by holding you mean literally not using the coins. If they sit there till a certain target is reached or till there's enough money to spend on something big, it's fine. But if the idea is to hold no matter what pretty much forever, then the person might never use the coins, and thus they make zero difference to one's life and it's as if these were just numbers on the screen with sentimental value (unless the goal of the person is to collect money for their child or something).

[virasisog]

Holding your bag is not easy because we always tempt by what happens to the market and many times we are panic seeing the market going down.
If you have a strong hand to still hold, no matter what happens to the market, you will have a chance to sell it at a high price.
Holding bitcoin while the price is down and buying back for more when the price is at a low price gives benefit to us to accumulating our bitcoin amount.
So that can give us a big chance to make a big profit later.

Panicking during the bear season is normal but if we have already seen how Bitcoin survived the previously bearish market and hit a good price during the bull run, we should trust its capability to resist this season again. I wonder why there are still people who are questioning Bitcoin's potential when in fact, it already reached lots of achievements and milestones.

[traderethereum]

Holding your bag is not easy because we always tempt by what happens to the market and many times we are panic seeing the market going down.
If you have a strong hand to still hold, no matter what happens to the market, you will have a chance to sell it at a high price.
Holding bitcoin while the price is down and buying back for more when the price is at a low price gives benefit to us to accumulating our bitcoin amount.
So that can give us a big chance to make a big profit later.

Panicking during the bear season is normal but if we have already seen how Bitcoin survived the previously bearish market and hit a good price during the bull run, we should trust its capability to resist this season again. I wonder why there are still people who are questioning Bitcoin's potential when in fact, it already reached lots of achievements and milestones.

Maybe people who ask about bitcoin's potential don't really understand that bitcoin still hasn't unleashed its true potential.
Supposedly when the bear market comes, people can buy bitcoin again because it is an opportunity for them to have more bitcoins by buying bitcoins at low prices.
But unfortunately, they are still waiting for the price to decrease before buying even though we know that bitcoin can change at any time.
At the moment, the bitcoin price is back at $23k after yesterday's correction and we expect this price to increase again but stay alert because we are on a weekend where the price could get another correction.

[so98nn]

Oh yes, not similar but same kinda stuff happened in the India back in currency alteration process so that anyone with black money can get caught red handed.

There were kilometers long queues outside the bank as well as ATM's so that bank user can exchange the notes with the new one. This caused the chaos throughout India and billions of dollars were caught as black money!

So when it comes to centralised processing, government always has the power to overcome our money.

Is our money safe in the bank? Hell no! This currency alteration scenario shook the world on how one government can escalate the situation in the country.

Peeps with millions of rupees in cash were left question marked! They startled with the situation and lost all the money because if they report that much cash then that's definitely had legal actions for possession of black money.

However, when it comes to the bitcoin, its your own bank!

[kaseygriffin]

A couple of days ago all I have seen are a lot of threads where people ask questions about the possibility of Bitcoin going down to $1 or coming to an end because they are panicked that Bitcoin may not experience another surge in price due to how the market downtrend a lot in just a few days ago. Are you wondering the reason behind this sudden surge in the price? 
...

I find this funny because, after many years in the market, I have also gone through many different stages of it. But I never feel pessimistic about bad things, even when prices are down and gloomy for a long time. Sometimes the thoughts that people have imagined are absurd. Remember that the truth cannot be killed, and those who just want to distort it are trying to hide their own intentions. To me, I have full faith in BTC more than any other asset I know of. It has given me a happy life, so be grateful for the opportunities presented.

[Ryker1]

Holding your bag is not easy because we always tempt by what happens to the market and many times we are panic seeing the market going down.
If you have a strong hand to still hold, no matter what happens to the market, you will have a chance to sell it at a high price.
Holding bitcoin while the price is down and buying back for more when the price is at a low price gives benefit to us to accumulating our bitcoin amount.
So that can give us a big chance to make a big profit later.

Panicking during the bear season is normal but if we have already seen how Bitcoin survived the previously bearish market and hit a good price during the bull run, we should trust its capability to resist this season again. I wonder why there are still people who are questioning Bitcoin's potential when in fact, it already reached lots of achievements and milestones.

Well my answer is no --that is not normal for me that you will panic during the bear market, what I mean is why people do panic if they understand how bitcoin will work, and how the market will played. We should learn how to hold our bags during the bear market season because we know that someday the price will back and it could be reached the next ATH that most holders waiting for.
That is why I encourage everyone to invest what they can afford to wait, not your money or your monthly or weekly allowance.

[jaberwock]

The world we are living in is far from perfect and issues like this where the institutions and FEDs take advantage of the people will always happen. This will make people realize the purpose of BTC and before that happen hold your bag when you can. 

Thanks for sharing this, now we know the reason of the recent surge. Some of us will feel guilty because we are experiencing the benefits here while others cant withdraw their money and what if those people urgently need it? Do the banks give them any warning before they do such act?

A couple of days ago all I have seen are a lot of threads where people ask questions about the possibility of Bitcoin going down to $1 or coming to an end

So this is the other reason why you create such thread? Thanks again for the concern but don't worry we already know that those kind of questions are unreal and I think people who post it are just trolls, trying to make fun of others who are worrying a lot because of the current decline of the price. Btc even have a hard time falling from 15k, so how much more to a dollar?

[bestcoins1]

I find this funny because, after many years in the market, I have also gone through many different stages of it. But I never feel pessimistic about bad things, even when prices are down and gloomy for a long time. Sometimes the thoughts that people have imagined are absurd. Remember that the truth cannot be killed, and those who just want to distort it are trying to hide their own intentions. To me, I have full faith in BTC more than any other asset I know of. It has given me a happy life, so be grateful for the opportunities presented.

I think what you say is true, because Bitcoin deserves to be believed by many people with very good expectations. After all Bitcoin can still increase gradually in the market and it will also have an effect for other cryptocurrencies so obviously there is no need to worry so much when the downturn occurs with some people starting to become pessimistic.
Yes, being grateful is much better than being pessimistic about Bitcoin and also with what is happening in the market now.

[justdimin]

It's crazy when you realize that someone still thinks that bitcoin can go to $1 or even zero. Well, it's different these days and not the same anymore as before because bitcoin has gone far and despite being a very volatile asset, it's unlikely that it will go that low.
Think of those people that are waiting just to buy cheap bitcoin like around $10k down to $3k, there will be a massive buying order on exchanges if it's reached and even to $1k so thinking that it could be low as $1 or zero is totally crazy despite of that "possibility".

This question is always Knock in bearish markets. Because whenever btc starts dumping it doesn't take much time to hit the bottom. Then panic prevailed among the investors. But it seems unrealistic to me that Bitcoin will fall back to $1. I never think so. I think it is useless to spend time on this matter while some people are dreaming of conquering their elusive dreams by holding Bitcoin.

The going down is easier because that is how the technology works. What do I mean? Well, there are too many people who are in the leverage market and that means when they are making a bad move, their bitcoin is sold and USDT is paid in return to square the debt, right? Well that means, if you say long, and then you are wrong, and it goes down, then your bitcoin is sold, and it goes down a bit more, which causes my bet to be liquidated too, and then other guys and so forth which makes it quicker.

So when you are selling, it is not just people who sell, it is the system that sells to keep it going and that is why I think it is a lot easier to go down, and it is not as easy to go up.

[yazher]

Bitcoins need to recognize by those people who got their money stucked from the bank because of some complicated issues. Now that they see how prone they are to lose their money if the banks and the authorities wanted to take it from them, the solution is to consider converting half of their assets to bitcoin if they really want to be free from this kind of discrimination.

[romero121]

Hold need to be prioritised according to the market movement. When the market is bearish one should not lose hope and go for selling of the holdings. Holding at the right time lets the user generate good profit. Most of the users doesn't follow this and end up selling the holdings out of panic. According to me, right now is the time to hold. People who come out of fear and hold will surely profit big at the earliest.

[Russlenat]

A couple of days ago all I have seen are a lot of threads where people ask questions about the possibility of Bitcoin going down to $1 or coming to an end because they are panicked that Bitcoin may not experience another surge in price due to how the market downtrend a lot in just a few days ago. Are you wondering the reason behind this sudden surge in the price? 

It's because "CCP tanks protecting banks because the Bank of China (Henan branch) declared that people's savings in their branch are now investment products and can't be withdrawn."

The world we are living in is far from perfect and issues like this where the institutions and FEDs take advantage of the people will always happen. This will make people realize the purpose of BTC and before that happen hold your bag when you can. 
Always remember, not your key not your coin.

If the government create a stupid decision regardless if it’s unfair for the people or not, I guess that won’t matter anyway since they also have to set their plans and make them realized. This is why we should not be trusting the centralized government in the first place, otherwise we will be taken advantage with our money and possessions. If only people did realized the purpose of bitcoin and having it as our own bank, then this type of problem should have never happen.

[Mauser]

I am really wondering why so many people worry about the bitcoin price dropping down to 1$, it's a very unrealistic scenario. It seems like panic is taking over and controlling investors, acting out of emotions is usually not a good idea. And even if the worst case scenario would happen, wouldn't it be the best time for us to buy more coins? How many of us came late to the crypto party and dream sometimes about having bought bitcoin back in the day when the price was below 100$? I would love to get another opportunity like that. Asset prices have been falling for weeks now, with crypto markets being down 40-50% since the start of the year I think it's a bad time to sell now. The goal is to buy low, not sell at low prices. And the lower the bitcoin price is falling the coins we can buy for our fiat money.

[CryptSafe]

A couple of days ago all I have seen are a lot of threads where people ask questions about the possibility of Bitcoin going down to $1 or coming to an end because they are panicked that Bitcoin may not experience another surge in price due to how the market downtrend a lot in just a few days ago. Are you wondering the reason behind this sudden surge in the price? 

It's because "CCP tanks protecting banks because the Bank of China (Henan branch) declared that people's savings in their branch are now investment products and can't be withdrawn."

The world we are living in is far from perfect and issues like this where the institutions and FEDs take advantage of the people will always happen. This will make people realize the purpose of BTC and before that happen hold your bag when you can. 
Always remember, not your key not your coin.

Holding bag is not as easy as you think. You know bear markets takes time before it picks up and come to talk of it, most times people buy at high price and with the thought of it going higher than as they had purchased but to their greatest surprise, the market heads towards bear direction which causes panic selling and the at the entire end run at loss. The most people falling victim of these actions are the new bees. it only takes a strong hand to hold bag because they have already been groomed in the system already. So they know when to buy and when to sell. The market situation doesn't effect them rather it makes then hold their bags and also fill their bags more if the needs arise because they know it is the right time to buy more as panic sellers would be on the verge of selling most of their bags.

[AakZaki]

Panicking during the bear season is normal but if we have already seen how Bitcoin survived the previously bearish market and hit a good price during the bull run, we should trust its capability to resist this season again. I wonder why there are still people who are questioning Bitcoin's potential when in fact, it already reached lots of achievements and milestones.

those who still question the potential of bitcoin certainly do not understand how bitcoin works, how bitcoin can reach its current price. Even though it is clear that Bitcoin is the highest coin or the most valuable digital asset. Bitcoin returns for long term investments are incredible. A bear market has become a common event, behind a bear market will appear a bull market that is coming soon. So better hold your bag tight and don't let it loose, we're still going to the moon.

[Lida93]

A couple of days ago all I have seen are a lot of threads where people ask questions about the possibility of Bitcoin going down to $1 or coming to an end because they are panicked that Bitcoin may not experience another surge in price due to how the market downtrend a lot in just a few days ago. Are you wondering the reason behind this sudden surge in the price? 

It's because "CCP tanks protecting banks because the Bank of China (Henan branch) declared that people's savings in their branch are now investment products and can't be withdrawn."

The world we are living in is far from perfect and issues like this where the institutions and FEDs take advantage of the people will always happen. This will make people realize the purpose of BTC and before that happen hold your bag when you can. 
Always remember, not your key not your coin.

One thing I understand about centralized systems is that they always enjoy absolutism to control and as an investor such systems ain't favourable to us no matter how juicy its promises might be placed to us at the initial.

[Yamifoud]

Panicking during the bear season is normal but if we have already seen how Bitcoin survived the previously bearish market and hit a good price during the bull run, we should trust its capability to resist this season again. I wonder why there are still people who are questioning Bitcoin's potential when in fact, it already reached lots of achievements and milestones.

those who still question the potential of bitcoin certainly do not understand how bitcoin works, how bitcoin can reach its current price. Even though it is clear that Bitcoin is the highest coin or the most valuable digital asset. Bitcoin returns for long term investments are incredible. A bear market has become a common event, behind a bear market will appear a bull market that is coming soon. So better hold your bag tight and don't let it loose, we're still going to the moon.

It is a question to those who think that Bitcoin is still a scam thing. I'm not going to wonder why many still have doubts despite the fact that Bitcoin has been tested many times already. It is actually our mindset differs from others, some people hold their Bitcoin because they believe and trust it while some people remain doubtful. This will imply that Holding is really hard for those who don't want to change their beliefs and minds but I don't bother myself to correct them because that was their opinion.

[Myleschetty]

I was going to point out what happened to Celsius customer investment which is same scenario to the article that you share but crypto counter part until I notice the Not your keys not your coin word. I believe people should avoid centralized investment platform even if it’s bank or in crypto because same scenario can happened if you don’t hold the keys to the wallet that contain your investment even on DeFi. Holding is the best and trading only in DEX is the best way to play safe on this current market.

I also read about the Celsius issue which I also believe is just like what happened to the people who have money saved in their bank accounts in China and I hope the US SEC will step into this situation rather than create some rules that will hinder the adoption of Bitcoin.