Hold your bag when you can

[Fatunad]

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.

When you compare the overall marketcap then it is really just too small which it does indicate that there's still soo much room to grow for Bitcoin or overall crypto market which we cant really able to ignore.
Investment decisions and being serious on having multiple market and assets to be hold for long term wouldnt matter whether its bitcoin or other stocks or even gold as long it could potentially bring up
profits then this is what matter the most.Hold your bag while you can and decide when to sell out if you do see significant profits which is worth to make such decision.

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[Ahli38]

For bitcoins I keep collecting them. and continued to hold it quietly.

natural for people who are just getting into cryptocurrencies especially bitcoin. they panic easily. and they too live up to every fud news that is deliberately made by some parties to play with market prices. because it needs to be known that there are people who deliberately spread fud news to lower prices and it turns out that he entered when people panicked out. and after he bought from the bottom, then he spread the good news and re-increase people's trust so that many people dared to enter at high prices and were afraid to enter at low prices. and many beginners are ensnared and controlled by it.

but for those who have been in the crypto world for a long time, especially bitcoin. then they are used to fud news. even experienced people make everything a profitable opportunity.

so keep calm and enjoy this moment.

[Nrcewker]

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.

If you badly need the money and don’t have any other options, then only sell my friend.
As you have showed trust on Bitcoins for more than 5 months, let’s show trust for more 3 months. Once the bear market comes to an end, everything will be back to normal. Still it’s the OP’s decision regarding what he wants do, but as we suggested, if he managed to hold this bear market, then definitely he will make thrice profits by selling the Bitcoins.
We just need to make our will power strong and have patience. Everything will be fine.

[laurenB7742]

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.

 

Those who have experienced a crash in the past will find this drop entirely normal, with nothing to be concerned about. Even if we compare the recent drop it is still not equal to the previous ones and if history repeats we will have several more drops, and possibly a new bottom. There is no doubt that the world economy is a major market that covers all and also has ups and downs, but it cannot stay down forever. The market will surely recover, we just hold on and wait until the time comes.

[inthelongrun]

I learned a lot during 2018 and 2019 when bitcoin dropped prices heavily. I gave up and sold most of my bitcoins even if my bitcoin old-timer friends kept telling me to HODL. I think some of them owned bitcoins as early as 2011 and they already experienced huge swings throughout the years and always told me and my friends that they'd seen worse. I think it was the year 2017 the same year when I started purchasing some bitcoin portions, one of our mentors an ex-NEM foundation officer mentioned that if someone cannot hold bitcoin at its worse price it does not deserve to enjoy bitcoin's highest prices. I ignored all of them and sold most of my holding although I did retain a little.

So now I realized that experience is really the best way to learn. It's very different when you are in the situation. I learned the hard way. Now I will never sell my bitcoins unless it is super necessay.

[2stout]

The FUD is designed to shake weak hands and relieve them of their coin.  When the weak hands can no longer hodl, it presents a great opportunity for opportunist, late comers, as well as the savvy sat stacker.  Sell at your own peril.

[nullama]

Bitcoin is just the best kind of money there is.

It's a great way of saving money. I don't think it's a good thing to follow the price of it every day. It's for the long term. Just buy as much as you can comfortably have and never look back.

[KennyR]

Bitcoin is just the best kind of money there is.

It's a great way of saving money. I don't think it's a good thing to follow the price of it every day. It's for the long term. Just buy as much as you can comfortably have and never look back.

Satoshi had the plan of removing the intermediary through his blockchain innovation. Further the usage have widened and now it is playing a big role against inflation. When the focus is on profit, surely bitcoin is the right pick. As suggested never take into consideration about the market trend, just go on the flow. Whenever you find the price to be down and have long term plans.

[Adbitco]

I don't see some post and news as far as i understand many here understand or basically know how the bitcoin price goes, most people where to say it was on a caused of the Luna which led to a strong dip others speculated it to be $13k why others said of being dead. How can it move from top to bottom and specifically it's not possible. Keep in mind in every dip a new chances and opportunities have been given to create out for people do fill their bags and utilized the common opportunity given.

[goldkingcoiner]

Always remember, not your key not your coin.

That is exactly the right attitude! Nobody should have control over your money except for you. I use the term money in this post but by money I obviously mean Bitcoin, which is the real money. One more mantra that you definitely should add to your coiner values is "hodl". Which means to hold your Bitcoin, not sell or give it away. Even when times are tough, you should remember the true value that it will have in the near future.

If I was not so naive during my newbie days, I would have millions worth in Dollars in Bitcoin.

[BobK71]

I don't see some post and news as far as i understand many here understand or basically know how the bitcoin price goes, most people where to say it was on a caused of the Luna which led to a strong dip others speculated it to be $13k why others said of being dead. How can it move from top to bottom and specifically it's not possible. Keep in mind in every dip a new chances and opportunities have been given to create out for people do fill their bags and utilized the common opportunity given.

When someone wants to lower the price where another wants to raise the price. Cryptocurrencies can fall into bull market as well as bear market at any time. Those who have been trading with this cryptocurrency for a long time are already aware of this. They are now not worried about a sudden bull or bear market. They have now also taken Bear Market as a part of their business. I personally think bear markets are the time to hold on your bag. You can take it when you get better in a bull market.

[Oasisman]

The FUD is designed to shake weak hands and relieve them of their coin.  When the weak hands can no longer hodl, it presents a great opportunity for opportunist, late comers, as well as the savvy sat stacker.  Sell at your own peril.

Not only the FUD, whales actually have a lot of ways for people to force and sell their Btc. Only those weakest would sell especially during the bear market.
But yeah I agree, FUDS were designed to let the weak hands sell their bags and help to pull Btc's price down for a good opportunity to buy at a much lower price.
A lot of crypto enthusiast have thought about that, no wonder why FUD spreads like a wild fire lol.

[Dunamisx]

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.

Exactly as expected, they should decide on their own and their actions should not be tied to your influence should in case things doesn't work as expected, sometimes holding on a short time can be unprofitable, when you expect the price to surge but inversely beging to go dip, it is expected that each everyone should be responsible for their own actions and decisions taken.

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.

Holding can also be less risk only if it going on a long term, at least holding upto the next event of halving could increase more chances to having a new bitcoin ATH, then things could have been more easier with lesser risk, provided that no urgent need arising that warrant an urgent sell off than expected.

[Wakate]

Bitcoin is just the best kind of money there is.

It's a great way of saving money. I don't think it's a good thing to follow the price of it every day. It's for the long term. Just buy as much as you can comfortably have and never look back.

There are good speculations we can follow to get what we want that is why I prefer looking at the market before buying or what do ever I want to buy or trade. The market is gaining momentum gradually and we need to buy good projects or coins to stand out so we can earn more after this month when the crypto market finally go bullish. Buying is very important now and we should not miss this offer because no one knows what we happen in the crypto market next before the end of this year.

[abel1337]

The FUD is designed to shake weak hands and relieve them of their coin.  When the weak hands can no longer hodl, it presents a great opportunity for opportunist, late comers, as well as the savvy sat stacker.  Sell at your own peril.

Not only the FUD, whales actually have a lot of ways for people to force and sell their Btc. Only those weakest would sell especially during the bear market.
But yeah I agree, FUDS were designed to let the weak hands sell their bags and help to pull Btc's price down for a good opportunity to buy at a much lower price.
A lot of crypto enthusiast have thought about that, no wonder why FUD spreads like a wild fire lol.

The one who are new to the market or the one who has the slight idea on what are they doing are the one who are being affected by the FUDs, I agree that FUDs are design to get rid of the weak hands for the whales or knowledgeable people to have more opportunity to grow their portfolio. FUDs are becoming effective especially on euphoria phase or bull market since there are many newbies who just entered the market, They are easily shaved off from the market just because of FUD. I  myself seems to be immune from FUDs because of how many FUD I've seen on my entire stay on cryptospace.

[Myleschetty]

Always remember, not your key not your coin.

That is exactly the right attitude! Nobody should have control over your money except for you. I use the term money in this post but by money I obviously mean Bitcoin, which is the real money. One more mantra that you definitely should add to your coiner values is "hodl". Which means to hold your Bitcoin, not sell or give it away. Even when times are tough, you should remember the true value that it will have in the near future.

If I was not so naive during my newbie days, I would have millions worth in Dollars in Bitcoin.

Exactly because only those that hold for the long term will get the best interest but there's something some Bitcoiner don't understand and the thing is, if we only use Bitcoin as an asset it will never be the mainstream of payment despite the LN which facilitate BTC transaction that's faster than Master/Visa card.
This means there's nothing bad in selling some portion of BTC during a tough time if it is for an important reason.

[Viscore]

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.

If trading has its own risk, I think hodling alone is somewhat hard to do too especially if you are easily affected with how the current market is going through. But just as you have decide to hold, then you should not be bothered anymore with other factors and just focus on your long term goal. If you can do that, rest assured that you will have a great end, and those that can sustain long term hodling are those that mostly make exceptional huge profits in the future.

[tygeade]

I learned a lot during 2018 and 2019 when bitcoin dropped prices heavily. I gave up and sold most of my bitcoins even if my bitcoin old-timer friends kept telling me to HODL. I think some of them owned bitcoins as early as 2011 and they already experienced huge swings throughout the years and always told me and my friends that they'd seen worse. I think it was the year 2017 the same year when I started purchasing some bitcoin portions, one of our mentors an ex-NEM foundation officer mentioned that if someone cannot hold bitcoin at its worse price it does not deserve to enjoy bitcoin's highest prices. I ignored all of them and sold most of my holding although I did retain a little.

So now I realized that experience is really the best way to learn. It's very different when you are in the situation. I learned the hard way. Now I will never sell my bitcoins unless it is super necessay.

That is something I have done as well but I also never regretted even though I learned. How? I know for a fact that bitcoin will always end up lower even if it peaks higher, that means I will have chances to buy again. I sold back in the day at peak prices and not this time but last time in 2017 I did pretty well, using that money I found better ways to increase my income so I could buy more bitcoin per month thanks to that.

So, if you sell but you found a way to get more bitcoins thanks to that, it is not bad. Aside from that, holding when it goes down is a crucial thing because bitcoin will always recover and we shouldn't be mad about it.

[stomachgrowls]

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.

If trading has its own risk, I think hodling alone is somewhat hard to do too especially if you are easily affected with how the current market is going through. But just as you have decide to hold, then you should not be bothered anymore with other factors and just focus on your long term goal. If you can do that, rest assured that you will have a great end, and those that can sustain long term hodling are those that mostly make exceptional huge profits in the future.

Someone should really know that even holding does accompanied with some risk since there's no assurance that you could really make money on what you had hold this is why its really important when

it comes to choices or simply talks about your portfolio.Hold if you do see that there's a potential and sell if you do see the opportunity on doing so.Just dont sell on loss because this is where it could

really give big effects on overall profitability although mistakes and errors cant really be avoided.Hold if you do see its worth and sell if you do have a chance just like that.

[mumang siat]

The chances of this happening are very small, look at the market being corrected in 2021 to 2022, where bitcoin is associated with a sharp decline on the way forward, but in fact the price of bitcoin has not fallen so sharply, although the correction is still ongoing.
The thought of people who describe that bitcoin's journey will reach its lowest point, actually refutes itself, the achievement of bitcoin has reached a great stage, they have gone through many processes, so it is very difficult to reach the lowest point in the future.