Too many chickens own BTC. Don't be a chicken, HODL! BE A LION.

[virtualdn]

This is the real issue BTC is facing. Chickens get afraid and sell even if they lose their money. They don't even understand how crypto works.

I've never sold a satoshi since 2013. I know BTC will rise back and one day will hit the 100k and beyond. In a way I'm glad this is happening, more strong hands and less chickens. HODL! Hoping to buy more if it gets down to 10k.

Haven't even heard about FTX until now lol. This shows how panicked I am

1 BTC = 1 BTC. That's all you need to know. Less drama, live longer.

[1715053351]

1715053351

[Ultegra134]

I'm curious: how is someone a chicken if he sold for $60,000 a year ago? Whether we like it or not, holding isn't necessarily the best practice out there. You could have sold during last year's ATH and bought back now, during the dip. I didn't know about FTX.com either, but this single incident was enough to send Bitcoin down to $15.000 within one day, which is worrying to say the least. I can't blame people for being emotional over their own money. It's hard to process that our funds are now worth more than 15% less in value, in a matter of a few hours.

[virtualdn]

I'm curious: how is someone a chicken if he sold for $60,000 a year ago? Whether we like it or not, holding isn't necessarily the best practice out there. You could have sold during last year's ATH and bought back now, during the dip. I didn't know about FTX.com either, but this single incident was enough to send Bitcoin down to $15.000 within one day, which is worrying to say the least. I can't blame people for being emotional over their own money. It's hard to process that our funds are now worth more than 15% less in value, in a matter of a few hours.

Never said someone who sold at 60k is a chicken. The market was at the top. I haven't sold at 60k because I know BTC's value. If it gets back to 60k I still won't be selling.

60k is pennies if you see the whole picture. But only a few see the whole picture. In the future owning 1 single bitcoin will be huge. But it won't be available for everyone.

Someone who is selling today is a big chicken if you ask me. The ones who sell when the crypto market is down.

[jossiel]

This is the real issue BTC is facing. Chickens get afraid and sell even if they lose their money. They don't even understand how crypto works.

I've never sold a satoshi since 2013. I know BTC will rise back and one day will hit the 100k and beyond. In a way I'm glad this is happening, more strong hands and less chickens. HODL! Hoping to buy more if it gets down to 10k.

Haven't even heard about FTX until now lol. This shows how panicked I am

1 BTC = 1 BTC. That's all you need to know. Less drama, live longer.

HODL is the key, it is!

While there might be people who have the mission to search for someone who has been holding and never sold any of it until now, well, the search is over and they found you.

I agree that just HODL and you'll still have it back eventually as the market will be settled once again and everything is going to recover. We're not at the top at all times but the same motivation goes for moments like this.

[Baofeng]

This is the real issue BTC is facing. Chickens get afraid and sell even if they lose their money. They don't even understand how crypto works.

I've never sold a satoshi since 2013. I know BTC will rise back and one day will hit the 100k and beyond. In a way I'm glad this is happening, more strong hands and less chickens. HODL! Hoping to buy more if it gets down to 10k.

Haven't even heard about FTX until now lol. This shows how panicked I am

1 BTC = 1 BTC. That's all you need to know. Less drama, live longer.

Yeah, thanks for the reminder again, I know that you are a diamond hand, 

But perhaps there are a lot who panic at this point, and would rather sell their precious bitcoin. On the other hand, buyers are happy, its' on a sale, they can buy huge amount of bitcoin again and fatten their wallet because others have 'chicken out'.

They might regret their decision to sold though, when the market bounce back after this nosedived.

[suzanne5223]

This is the real issue BTC is facing. Chickens get afraid and sell even if they lose their money. They don't even understand how crypto works.

I've never sold a satoshi since 2013. I know BTC will rise back and one day will hit the 100k and beyond. In a way I'm glad this is happening, more strong hands and less chickens. HODL! Hoping to buy more if it gets down to 10k.

Haven't even heard about FTX until now lol. This shows how panicked I am

1 BTC = 1 BTC. That's all you need to know. Less drama, live longer.

You may believe the panic seller is chicken I may somehow agree and also disagree because the market is replicating the same thing that always happened every 4 years although it always comes with different influences.
If you remember in the year 2018, the crypto market experienced a type of market correction after the moment Apple co-founder Steve Wozniak claimed to have sold all his holding to exit the market in other for him not to play dupe by the market. This year's market was triggered by CZ's statement about FTX tokens and exchange.

[8rch7]

It is certain that a strong hand will be the winner, we never want to be made into their play and we also can't follow their drama, they may lead opinions to make us weak and helpless, so we are not strong enough to hold btc in our hands , we must have strong hands and mentally strong so that we don't panic when the price of bitcoin falls, keep what you already have believe me one day you will definitely get what you want, btc is difficult to understand but if you have mental steel it's already surely success will await you.

[Ultegra134]

I'm curious: how is someone a chicken if he sold for $60,000 a year ago? Whether we like it or not, holding isn't necessarily the best practice out there. You could have sold during last year's ATH and bought back now, during the dip. I didn't know about FTX.com either, but this single incident was enough to send Bitcoin down to $15.000 within one day, which is worrying to say the least. I can't blame people for being emotional over their own money. It's hard to process that our funds are now worth more than 15% less in value, in a matter of a few hours.

Never said someone who sold at 60k is a chicken. The market was at the top. I haven't sold at 60k because I know BTC's value. If it gets back to 60k I still won't be selling.

60k is pennies if you see the whole picture. But only a few see the whole picture. In the future owning 1 single bitcoin will be huge. But it won't be available for everyone.

Someone who is selling today is a big chicken if you ask me. The ones who sell when the crypto market is down.

Okay, right. I get your point now. However, from my point of view, for how long will someone be able to hold on? Don't we have to cash out and convert to fiat at some point? I'm confident that Bitcoin will be worth more than $70.000 again in the coming years, and I'm willing to hold until then. However, I find it sensible to sell after overcoming the bear market. There are no guarantees that Bitcoin will keep rising to infinity, and honestly, what's the point of holding it and never selling it?

[LegendaryK]

1st Rule of Investing
Past Performance is no guarantee of Future Profits!

Where as in the Past, the Baby Boomers have been providing Massive Venture Capital to any moron with an idea.
Baby Boomers are now converting to safer investments ie: US $, as they retire.

The giant sucking noise in the Markets, is those retiring Baby Boomers leaving (since late 2021.)
All that free venture capital that was propping up all of the Proof of Waste mining operations,
is disappearing faster than a magic act.

So the real question, is how many of you are going to be alive in 2040 when Venture Capital Investment is again at maximum levels.
Not to mention the Proof of Waste Ban warnings from US & Canada & Europe much much sooner.  

[GreatArkansas]

I've never sold a satoshi since 2013. I know BTC will rise back and one day will hit the 100k and beyond. In a way I'm glad this is happening, more strong hands and less chickens. HODL! Hoping to buy more if it gets down to 10k.
(....)

So, this is a chance for those people who were jealous before for people who bought early and cheap Bitcoins before.
These people must be got the balls to buy these cheap Bitcoins.
$10,000 Bitcoin is extremely cheap. I also started to see some people who are really hoping to buy Bitcoins at $10,000, they started to prepare their capitals.

[lienfaye]

1 BTC = 1 BTC. That's all you need to know. Less drama, live longer.

Indeed. If only weak investors are aware of this and not only basing on the current price, probably they will not panic to sell at loss. Unfortunately they're thinking negative thoughts during this time.

Well, it's understandable to have worries and fear but if you know what you're getting into and has knowledge about it then you'll understand that it's only temporary. Nevertheless, the price is quite cheap, a time to buy, so take advantage it if you're bullish in Bitcoin's future.

[Apocollapse]

1st Rule of Investing
Past Performance is no guarantee of Future Profits!

Indeed past doesn't guarantee the future, but if the coin has a strong fundamental, it wouldn't become dead coin during bear season!

Bitcoin is the only one Bitcoin who have fundamental, any other coins or tokens doesn't have any fundamental since it's full of pump and dump scheme or manipulation. This is why investing Bitcoin on bear market is the best choice since there's a high chance Bitcoin would break new ATH after the market start to recover.

[mk4]

Haven't even heard about FTX until now lol. This shows how panicked I am

Just for those who are wondering: the reason why a lot of people don't know about FTX despite it being a huge exchange, is that FTX's user demographic are mostly akin actual traders who know what they're doing — compared to the typical Binance user which is a lot more "retail-y"(for a lack of a better word).

[lovesmayfamilis]

1st Rule of Investing
Past Performance is no guarantee of Future Profits!

Where as in the Past, the Baby Boomers have been providing Massive Venture Capital to any moron with an idea.
Baby Boomers are now converting to safer investments ie: US $, as they retire.

The giant sucking noise in the Markets, is those retiring Baby Boomers leaving (since late 2021.)
All that free venture capital that was propping up all of the Proof of Waste mining operations,
is disappearing faster than a magic act.

So the real question, is how many of you are going to be alive in 2040 when Venture Capital Investment is again at maximum levels.
Not to mention the Proof of Waste Ban warnings from US & Canada & Europe much much sooner.  

Good point of view. How much can people deprive themselves of by expecting a high price of bitcoin? I always want to ask such people: “How many years of life have you measured out for yourself?” It is necessary to live life in youth, when you want everything at once, and to get rich in old age when there are no former strengths and desires, I do not see much joy in this.
Bitcoin is rising; if you see profit, withdraw; don't be a fan. Of course, a pillow in old age will not hurt, but who knows if someone will have old age and whether it is worth limiting life now?

[cryptoaddictchie]

Those chicken you described are probably losing a lot of money now. While the btc og and knows the real game are just relaxing buying cheap price. Yes this FTX affect a lot of crypto community, well what do we expect from a bad news right. But this is also served for others as opportunity to grow their portfolio. I dont think we can see this kind of prices once the bull market started to outperformed this inflation and crypto firm insolvency.

[bittraffic]

The market dump is scary. The more they'd be afraid if they know nothing about the crypto market and for all we know, they were just hoping to win a hundred USD and get out of the market but if the market crashed, they'd panic.

But the knowledgeable are the ones the first to actually dump particularly those who can predict the price will go down. Those are not chickens but wolves.

[skarais]

1 BTC = 1 BTC.

This is basically a true fact, but in practice the most profitable investors are those who are able to take profits and enjoy them. Sometimes we have to enjoy it even though we have to think about a better future. But the name of the future, it's something that can never be guaranteed to be achieved and enjoyed.

Becoming a holder is a choice, so it will be different for each of us. So I never think people who sold their bitcoin at $60K last year are the ones who lose the most today while those who still think 1 btc = 1 btc are the most profitable in the future.

[Nrcewker]

People starts to panic and criticise Bitcoins when the price falls down. Now the same people when BTC grows will comment their historic moments about holding Bitcoins. They don’t know that we are the ones for which the market is moving. At last think practically how BTC is working. Bitcoins are limited in number like Petroleum for example. So when the time passes it will become more valuable and hence the price will increase in order to meet the demands. So in this bear market never sell your BTC, just hold for a little longer and enjoy profits later.

[indah rezqi]

People starts to panic and criticise Bitcoins when the price falls down.

Mostly because they don't know how the market works and they are likely not very experienced users in this invest.

Now the same people when BTC grows will comment their historic moments about holding Bitcoins. They don’t know that we are the ones for which the market is moving. At last think practically how BTC is working. Bitcoins are limited in number like Petroleum for example. So when the time passes it will become more valuable and hence the price will increase in order to meet the demands. So in this bear market never sell your BTC, just hold for a little longer and enjoy profits later.

Every price movement will get people's attention to comment either on the good side or the bad side. Volatility is basically unavoidable as bitcoin is not a stable asset, so if they understand this well then obviously I think they will have a good psychology about the market.

[virtualdn]

Be a lion. Have the mentality of a lion, not the one of a chicken. Come back to this thread in 10 years and tell me I was wrong. Better fail as a lion than run as a chicken. This is my mentality folks, hope many of you think the same.