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Author Topic: Hold your bag when you can  (Read 1077 times)
Cling18
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July 23, 2022, 04:31:27 PM
 #61

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.
Those who still question the potential of Bitcoin are those who didn't experience gaining profit from it and those who didn't research it. They only see it as a currency yet they don't know its real function and importance. They can also be those people who have a wrong mindset towards Bitcoin investment. Those who want to get rich instantly and failed because of wrong expectations.
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July 23, 2022, 06:38:10 PM
 #62

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 Bitcoieen'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.
Those who still question the potential of Bitcoin are those who didn't experience gaining profit from it and those who didn't research it. They only see it as a currency yet they don't know its real function and importance. They can also be those people who have a wrong mindset towards Bitcoin investment. Those who want to get rich instantly and failed because of wrong expectations.
Every one understand bitcoin in their own way of understanding and the way they feel, but the thing is that you can understand bitcoin in a way you can invest and knowing the lost that is involve towards the investment. You will not look at the investment in two ways you know that cryptocurrency investment is all about patient and consciousness. I believe that Bitcoin investment is things of strategies
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July 23, 2022, 07:38:13 PM
 #63

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".

That's how you know the btc community is growing when you have people thinking it is possible btc will go to $1 (even though it sounds ridiculous) at the same time it makes you realize these are new people in the space and will learn over time just as we (the old timers) have all learn.
Many newbies won't be able to recognize the opportunity this bear market has presented to them until when the market is back in full bull mode,  their thoughts are filled with all the crap they read from different news sources out there, so buying now is far from it, they are waiting to buy the $1 bottom.  Cheesy

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freedomgo
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July 23, 2022, 09:11:15 PM
 #64

This is like what the rumors(I call it rumors because it's not confirmed yet) am hearing that the government of my country wants to withdraw a certain amount of money from the bank account of each and every citizen of the country in order to settle the dept the country is owing other countries.
Upon the arrival of this rumor, many in the country have panicked and went ahead to withdraw all the money they had in their bank account to God knows where, I on the other hand have used all my fiat saving to by Bitcoin plus other promising coins and kept them in my private wallet, this is something I've learnt to do every day, week or month, depending on how I earn fiat money.

Governments and central banks through fiat have learnt to control their citizens and bring them under financial subjection and slavery, Bitcoin has come to show the way to Freedom, it's time we break free.
People should have done it long before and have never saved a lot of fiat in their bank account only to find out that they could be taken advantage of by the government and circulate the funds to create more interest. That way, they are using our own money for their own prosperity. Now, if we want to stay out of it, then put some portion of your hard earned money into bitcoin, and some of them you can keep it or also invest in other types of businesses outside the crypto market.

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carlfebz2
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July 23, 2022, 09:43:24 PM
 #65

This is like what the rumors(I call it rumors because it's not confirmed yet) am hearing that the government of my country wants to withdraw a certain amount of money from the bank account of each and every citizen of the country in order to settle the dept the country is owing other countries.
Upon the arrival of this rumor, many in the country have panicked and went ahead to withdraw all the money they had in their bank account to God knows where, I on the other hand have used all my fiat saving to by Bitcoin plus other promising coins and kept them in my private wallet, this is something I've learnt to do every day, week or month, depending on how I earn fiat money.

Governments and central banks through fiat have learnt to control their citizens and bring them under financial subjection and slavery, Bitcoin has come to show the way to Freedom, it's time we break free.
People should have done it long before and have never saved a lot of fiat in their bank account only to find out that they could be taken advantage of by the government and circulate the funds to create more interest. That way, they are using our own money for their own prosperity. Now, if we want to stay out of it, then put some portion of your hard earned money into bitcoin, and some of them you can keep it or also invest in other types of businesses outside the crypto market.
You cant really say that this kind of decision would really be just too easy because trusting up something when you had just recently heard of like crypto will really be putting you in doubt whether you do invest or not and totally not surprising kind of action for someone but on the time that they would be seeing profit making opportunities then these impressions would commonly changed up.

We know the reality on how bank works and how they do make money which majority of people wouldnt really care as long they do stick into those standard things which is on fiat.

Investment decisions will really vary on each person because some are open minded and risk takers and some do really like to play safe and wont be touching up something
that they would be looking for it to be risk which i cant blame of.

Nicholas Schaefer
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July 25, 2022, 03:47:43 AM
 #66

I am really happy investing in bitcoin. Even though the market has faced many ups and downs, I am still optimistic and ignore whatever others have to say about investing in bitcoin.
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July 26, 2022, 04:23:30 AM
 #67

In my opinion, risk is always involved in all the financial markets. Though no one can anticipate what will happen next. After all, we all are making anticipations. It is better to have a strong risk management and not invest which the money we can afford losing.
Ahli38
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July 27, 2022, 02:06:55 AM
 #68

at this time I can only hold tightly the bitcoins that I have. and continue to add to it whenever the opportunity comes.

Fud news has become my daily food. and it doesn't affect my psychology too much anymore.
even fud helped me to be able to collect bitcoin back from low price.
and fud news has even made people who don't know bitcoin know bitcoin. and people who don't dig into bitcoin knowledge to start digging the news to find out about bitcoin. and today small btc holders continue to increase by leaps and bounds.

keep calm and enjoy this moment.

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Reatim
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July 27, 2022, 03:12:12 AM
 #69

In my opinion, risk is always involved in all the financial markets. Though no one can anticipate what will happen next. After all, we all are making anticipations. It is better to have a strong risk management and not invest which the money we can afford losing.
If you cannot risk your money then you will never have a chance to earn bigger because there is a saying that the more you risk is the more you earn/loss.

but best to have the attitude about knows when and how to risk , and also never lose faith because even if the coin you trusted losses its potential always keep in mind that the chance to earn again is there at some point in time.









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July 27, 2022, 03:37:03 AM
 #70

In my opinion, risk is always involved in all the financial markets. Though no one can anticipate what will happen next. After all, we all are making anticipations. It is better to have a strong risk management and not invest which the money we can afford losing.
If you cannot risk your money then you will never have a chance to earn bigger because there is a saying that the more you risk is the more you earn/loss.

but best to have the attitude about knows when and how to risk , and also never lose faith because even if the coin you trusted losses its potential always keep in mind that the chance to earn again is there at some point in time.

If you want what others don't have, do what others can't. In order to make a lot of money, if you wish to earn big profits, then you must accept risks and be willing to trade in order to accomplish your goal. In spite of that, don't invest with all your money, know how to manage risk, the market will always provide opportunities when it comes to investing.

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Xampeuu
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July 27, 2022, 04:20:13 AM
 #71

In my opinion, risk is always involved in all the financial markets. Though no one can anticipate what will happen next. After all, we all are making anticipations. It is better to have a strong risk management and not invest which the money we can afford losing.
If you cannot risk your money then you will never have a chance to earn bigger because there is a saying that the more you risk is the more you earn/loss.

but best to have the attitude about knows when and how to risk , and also never lose faith because even if the coin you trusted losses its potential always keep in mind that the chance to earn again is there at some point in time.

If you want what others don't have, do what others can't. In order to make a lot of money, if you wish to earn big profits, then you must accept risks and be willing to trade in order to accomplish your goal. In spite of that, don't invest with all your money, know how to manage risk, the market will always provide opportunities when it comes to investing.
if we choose to invest in bitcoin, in my opinion there is no risk in it, except when we trade, of course there must be a calculation of the risk and reward that will be received. when we invest, if there is a bearish trend and the price goes back down, then that's our chance to add to our bitcoin collection, and we wait until we get the target according to our calculations, this is different from us investing in altcoins of course, because after all if bitcoin is destroyed then altcoins will follow it. It's different if an altcoin is crashing, this doesn't apply to bitcoin as well.

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July 27, 2022, 04:34:12 AM
 #72

Keep holding my bag but until one year half still not received profit yet and all my assets drop almost 50%, I can hold until right now because have passive income from other source maybe not all here as investor can't hold their bag for long time. We don't know when moment coming and make bitcoin or altcoin price going up but I believe have one day later for bitcoin and my altcoin assets back to the top price and make me smile how long time keep hold my bag get profit. Not any possibility with cryptocurrency and every time make us surprise with several altcoin pump and dump drastically, just waiting with how long you can hold your bag and when you have let your investment go.

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July 27, 2022, 05:50:12 AM
 #73

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.

Although I am an investor who has seen many bitcoin drops, every time the market falls and I look at my portfolio, I get a little nervous.
I can't help but worry when my assets have decreased by more than 50-60% in value. But then everything will be back to normal when I calm down, because I know the drop has happened many times in the past. Fear is always present in us and we cannot completely eliminate it from us, we can only suppress it with our understanding.

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July 27, 2022, 07:20:37 AM
 #74

Keep holding my bag but until one year half still not received profit yet and all my assets drop almost 50%, I can hold until right now because have passive income from other source maybe not all here as investor can't hold their bag for long time. We don't know when moment coming and make bitcoin or altcoin price going up but I believe have one day later for bitcoin and my altcoin assets back to the top price and make me smile how long time keep hold my bag get profit. Not any possibility with cryptocurrency and every time make us surprise with several altcoin pump and dump drastically, just waiting with how long you can hold your bag and when you have let your investment go.
You have to be more patient because we have seen a high increase before and the price will get a higher increase than before.
Whether this year or next year or two years from now the price can only increase but what is clear, you can use this time to re-invest in bitcoin.
If you want to invest in altcoins, you can but you have to be really selective in choosing what altcoins you can buy because not all altcoins can increase in the next altcoin season.
There comes a time when the altcoins will pump again and you can sell them at that time to withdraw your profit and you can wait for bitcoin to sell at a higher price than before.

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July 28, 2022, 06:29:03 AM
 #75

if we choose to invest in bitcoin, in my opinion there is no risk in it, except when we trade, of course there must be a calculation of the risk and reward that will be received. when we invest, if there is a bearish trend and the price goes back down, then that's our chance to add to our bitcoin collection, and we wait until we get the target according to our calculations, this is different from us investing in altcoins of course, because after all if bitcoin is destroyed then altcoins will follow it. It's different if an altcoin is crashing, this doesn't apply to bitcoin as well.
They just said it above that there's always a risk in everything even in bitcoin but that risk can be minimized or maximized depending on the person that invests on it. I don't know but I sometimes think that trading is more safer than when we hodl, that's because we can immediately sell our coins to earn a profit but when we hodl, there is still a chance that the value can change.

Investing in altcoin has no difference in investing in bitcoin or vice versa because the rules are still the same. We need to buy at lows or whenever there is a bear market like what we are currently experiencing and then sell at highs or when the bull run takes place.

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July 29, 2022, 08:32:35 AM
 #76

In my opinion, risk is always involved in all the financial markets. Though no one can anticipate what will happen next. After all, we all are making anticipations. It is better to have a strong risk management and not invest which the money we can afford losing.
If you cannot risk your money then you will never have a chance to earn bigger because there is a saying that the more you risk is the more you earn/loss.

but best to have the attitude about knows when and how to risk , and also never lose faith because even if the coin you trusted losses its potential always keep in mind that the chance to earn again is there at some point in time.

If you want what others don't have, do what others can't. In order to make a lot of money, if you wish to earn big profits, then you must accept risks and be willing to trade in order to accomplish your goal. In spite of that, don't invest with all your money, know how to manage risk, the market will always provide opportunities when it comes to investing.
if we choose to invest in bitcoin, in my opinion there is no risk in it, except when we trade, of course there must be a calculation of the risk and reward that will be received. when we invest, if there is a bearish trend and the price goes back down, then that's our chance to add to our bitcoin collection, and we wait until we get the target according to our calculations, this is different from us investing in altcoins of course, because after all if bitcoin is destroyed then altcoins will follow it. It's different if an altcoin is crashing, this doesn't apply to bitcoin as well.

Cryptocurrencies are considered a risky investment and that includes bitcoin. Bitcoin is still very young, although we believe and the rate of development and price increase of bitcoin in the future is great, we cannot completely rule out the possibility that it will collapse or disappear for some reason some. As we said, no one can predict what bitcoin will look like tomorrow. So you should only invest with the money you can afford to lose, do not pledge or sell all your assets to invest in bitcoin.

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July 29, 2022, 09:32:06 AM
 #77

Cryptocurrencies are considered a risky investment and that includes bitcoin. Bitcoin is still very young, although we believe and the rate of development and price increase of bitcoin in the future is great, we cannot completely rule out the possibility that it will collapse or disappear for some reason some. As we said, no one can predict what bitcoin will look like tomorrow. So you should only invest with the money you can afford to lose, do not pledge or sell all your assets to invest in bitcoin.
Not only crypto, but most investments are also risky. No investment has no risk, it is impossible.
Anyway, I disagree that Bitcoin is very young, it already survived more than 10 years. Bitcoin has proven that it potentially survive a long time because its adoption is growing massively. Sure, nothing lasts forever, Bitcoin has a chance to collapse. But since Bitcoin is already an important part of our life, and even there is a country that makes it as a legal tender, we shouldn't be too worried about the possibility of Bitcoin collapse in the near future.


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July 29, 2022, 11:18:55 AM
 #78

HOLD if you can, and SELL if you are not willing to wait. 
Actually, I don't urge people to hold as it was just an option and of course, I don't influence their decision but to have their own as at the end of the day, they are the ones to decide.

Holding is gonna be hard for those who are doubtful and likely just quit doing it.
But, as we aim high and carry a positive mindset, no way it becomes impossible.

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July 31, 2022, 10:44:02 PM
 #79

Cryptocurrencies are considered a risky investment and that includes bitcoin. Bitcoin is still very young, although we believe and the rate of development and price increase of bitcoin in the future is great, we cannot completely rule out the possibility that it will collapse or disappear for some reason some. As we said, no one can predict what bitcoin will look like tomorrow. So you should only invest with the money you can afford to lose, do not pledge or sell all your assets to invest in bitcoin.
Not only crypto, but most investments are also risky. No investment has no risk, it is impossible.
Anyway, I disagree that Bitcoin is very young, it already survived more than 10 years. Bitcoin has proven that it potentially survive a long time because its adoption is growing massively. Sure, nothing lasts forever, Bitcoin has a chance to collapse. But since Bitcoin is already an important part of our life, and even there is a country that makes it as a legal tender, we shouldn't be too worried about the possibility of Bitcoin collapse in the near future.



10 years is not a short period of time, but if you compare bitcoin with other markets like gold, forex, stocks, bitcoin is not only young but also very small compared to the rest. That is why bitcoin is considered a riskier market.

Yes, with pretty fast development as it is now, I also believe bitcoin will not crash anytime soon but there is no guarantee for bitcoin. So we have the right to confidently invest in bitcoin but always keep yourself a plan b, don't invest all your assets in bitcoin or put all your eggs in one basket, diversification is essential.

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August 11, 2022, 08:58:14 AM
 #80

I have not sold any of my crypto during the bear market. My strategy for my cryptocurrency investments has always remained consistent; I always intended to hold long and not be swayed if any crashes happened.

The reality is if I had extra fiat lying around I would actually consider picking up more coins cheap.     

Personally, I have seen the global markets crash several times before in my lifetime. I am very confident that the economy will be back on track eventually. I certainly have no desire to sell any of my coins now.

 

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