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

[Lucius]

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?

I think that the OP does not want to sell at a price lower than $100k per BTC and that is completely understandable to me, just as your thinking that it would be wise to sell at ATH and then buy when something bad is happening like now. Both strategies make sense, but if you sell, you have to pay taxes and be patient until the right moment, and many simply don't want that. Regarding the fact that we have to sell BTC at some point, there may still be an option not to do it if payment with BTC will become quite common in the years to come.

Of course there is no guarantee that Bitcoin will exist in 5 or 10 years, but will there be a euro or some other currency? If you had to bet which will disappear first, euro or BTC, which would you choose?

[virtualdn]

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?

I think that the OP does not want to sell at a price lower than $100k per BTC and that is completely understandable to me, just as your thinking that it would be wise to sell at ATH and then buy when something bad is happening like now. Both strategies make sense, but if you sell, you have to pay taxes and be patient until the right moment, and many simply don't want that. Regarding the fact that we have to sell BTC at some point, there may still be an option not to do it if payment with BTC will become quite common in the years to come.

Of course there is no guarantee that Bitcoin will exist in 5 or 10 years, but will there be a euro or some other currency? If you had to bet which will disappear first, euro or BTC, which would you choose?

I won't be selling at 100k also. This is a psychological price and many will sell. To me the BTC value is infinite, will probably sell something around the 200k but again, it will still be low for its potential. My advice is: if you sell something, plan to buy it back.

I'm not keeping BTC to get rich. I'm keeping it to prosper. It's good to always have BTC and never sell all your coins. It's probably the only thing that will help me fulfill my material dreams unless I will win the lottery (most likely not but hey, who knows, I may have a double win lol).

[freedomgo]

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.

Safe to say that those who chickened-out are now mad of the choices they made and already regretting for keeping the coins for quite some time just to sold it at a much cheaper price than the price when they bought it. They are just too unfortunate that they forgot the reason why they bought it at the first place, now that the halving is approaching, we might see another ATH.

Anyway, thanks again for the reminder amidst the situation we currently have. HODL!

[examplens]

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.

you should revise the title a bit, for example "Don't be a chicken, send your BTC to FTX exchange! BE A LION."
Why is everyone urged to advise others on what to do with their money?

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

the fact that someone has not heard of FTX, does not mean that the problem does not occur. who's HODL on FTX exchange, it is understandable that he panics in proportion to how much value there.
with the current drama surrounding FTX, it is more of a problem that similar things happen often. From Mt.Gox through Celsius to FTX right now.

[teosanru]

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.

This is actually good only if you know. As most of the people will exit which we also call the weak hands in crypto will exit the market. This is good only as these weak hands will provide liquidity for the big vc investors who will actually accumulate in this bear phase and convert this into bull run. These chickens will once again enter the market when the market will roam around all time high.

[gantez]

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.

You never sold since 2013 and you hodl when bitcoin touch $20,000 in 2017, you didn't sell any and bitcoin reached the ATH of $64,000 you didn't sell, why? Answer is maybe you are waiting for price to drop back to $10,000 and you buy to wait for the price getting to $100k lol. Do you know you are the big chicken when you have missed all the Lamborghini through your way by not selling since 2013. I wonder how much you have lost while you are chicken feeding  . I don't believe your story 

[ajiz138]

Look at 1 BTC = 1 BTC not 1 BTC = $$$$

Buying Dips is the best time now with the word HODL keep doing this until I have a lot of bitcoins in my bag this will be a valuable stack in the future.

Watch the news now full of drama even though I pay attention to it but I won't panic too much, stay HODL for an indefinite time and keep buying while there is still a chance at cheap prices.

We will be lions to the HODL and we will be kings as bitcoin holders.

[Hamza2424]

Haha nice motivational lines dear op please try to understand chickens want to be the spicy hot wings. I think no body like lions but everyone do like hot wings so enjoy. As I am not sure how much time market is going to take to break 18K resistance now and then 20k resistance just hope for good that what chickens and lions can do.

[DeathAngel]

It happens every bear market, something catastrophic happens in ‘crypto’ space & all the weak hands capitulate. It’s quite embarrassing really but that is human psychology for you. Lots of people have weak mentality.

I always do the opposite of what these people do. Buy when we are experiencing perceived bad times. Sell during bull markets.

Simple.

[Ultegra134]

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?

I think that the OP does not want to sell at a price lower than $100k per BTC and that is completely understandable to me, just as your thinking that it would be wise to sell at ATH and then buy when something bad is happening like now. Both strategies make sense, but if you sell, you have to pay taxes and be patient until the right moment, and many simply don't want that. Regarding the fact that we have to sell BTC at some point, there may still be an option not to do it if payment with BTC will become quite common in the years to come.

Of course there is no guarantee that Bitcoin will exist in 5 or 10 years, but will there be a euro or some other currency? If you had to bet which will disappear first, euro or BTC, which would you choose?

Well, that's my point; as the OP stated in his next reply, he's not planning to stop at $10,000 either, and that's perfectly understandable. The way I see it is different, I guess. Supposing BTC surpasses $100k, then what happens? We wait until it reaches $120k, then $150k, and so on. My point is that by doing it this way, we're simply setting an unlimited goal by constantly setting new records. Our portfolio value would be increasing, but if it's not cashed out, not necessarily into a fiat currency, it won't matter too much.

Certainly, we don't know when and if that happens (I believe that it will in the next few years), and our actions may vary under different circumstances. Little by little, I'm accumulating a small amount of BTC per month, and one thing is certain: the future will be interesting.

[serjent05]

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.

It has been an issue ever since but the market cannot rid of them.  It is normal for a market to have people who are has weak hands.  They don't sell when in profit but immediately sell when the price started to plummet and their holdings at a negative valuation.

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.

Good for you!  I hope I have the luxury of holding Bitcoin for eternity but I always end up selling BTC when it hits my target price and rebuying when it crashes.

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

Same here, lol

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

True we don't need to calculate anything, it is clearer than purified water that 1 BTC = 1 BTC

[Dunamisx]

This is the real issue BTC is facing. Chickens get afraid and sell even if they lose their money.

No one would ever wanted to sell during dip than to buy, so what else do you expect from people who only invest little on bitcoin to later sell out t loss except they are in an urgent need to do so, why aren't the whales in best position to sell out even at loss?

They don't even understand how crypto works.

That is not the measure to conclude on the sound understanding about bitcoin trading or holding, besides all other cryptos can't be predicted like bitcoin, everyone do what he sees the best for his own interest.

[cr1776]

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.

Anyone who has held bitcoin for just about any length of time is way ahead of people in fiat, stocks, bonds etc.  Between inflation and authoritarian kleptocrats around the world, there are few safe havens.  PMs and bitcoin being the main ones.  I did sell some between 58k and 62k, but I have only sold rarely since 2010.

[aoluain]

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).

I only know FTX from using BLOCKFOLIO. I have been using BF for a few years to track
my wallet contents and then with the rebranding to FTX last year I kept it going. I never traded
on the platform.

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.

Anyone who has held bitcoin for just about any length of time is way ahead of people in fiat, stocks, bonds etc.  Between inflation and authoritarian kleptocrats around the world, there are few safe havens.  PMs and bitcoin being the main ones.  I did sell some between 58k and 62k, but I have only sold rarely since 2010.

I wonder how many people will get the message over the next few months when things get
more difficult?

On Chickens, I see where the OP is coming from, there are definitely panic sellers but it also
the markets being heavily leveraged which has an effect at times like these as trades get
liquidated which drives the price down.

[salad daging]

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.

I myself don't need to be greedy the most important thing is that we can hold bitcoin much better in carrying out the DCA or Dip strategy, we have the same goal is for the long term and expect higher prices but I have to be strong with obstacles in the way so I can only be optimistic that what I do with DCA will continue without any disruption to my finances.

Target having lots of bitcoins is good, I'm more concerned with what I can afford maybe now when the market is crashing I can't buy more but with weekly DCA it's much better for me.

[Franctoshi]

Safe to say that those who chickened-out are now mad of the choices they made and already regretting for keeping the coins for quite some time just to sold it at a much cheaper price than the price when they bought it. They are just too unfortunate that they forgot the reason why they bought it at the first place, now that the halving is approaching, we might see another ATH.

Bitcoin often repeat this stage in each bear market cycle, basically like about 70% of holders or so will be in a lose, called the capitulation period. Few months ago when I checked, it was like about 50% of people that bought BTC were still in a profit, seem we're at the point we get a total wash out of the weak hands investors from the market right now, And where some of the long term holders of Bitcoin start to panic selling off as a result of the market crushing below the particular price they bought their Bitcoin.

No risk, no gain # We HODL together.

[Mamun74]

Don't be greedy with cryptocurrency. Never sell early when bitcoin price huge dropped. You can see about bitcoin price chart in past many years.When bitcoin price dropped then bitcoin grow up more again it's historical price repeat. I'm suggested to you can still hold your bitcoin untill bitcoin price surprise us.I hope you can get good benefit from your holding bitcoin.

[goldkingcoiner]

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.

I think that most people need to go through the ritual of fire. That is to say, they need to experience what their own "chickeness" does to their portfolio. I think we all once were newbies who were not 100% certain of our investment in Bitcoin. Nor did we understand it much, rather we just decided to go with the hype, as most newcomers do these days. But the BTC lost by flip-flopping between buying and selling are not what I would call losses. Rather they are expensive lesson fees.

Once we complete the lesson, which is to always hodl and never sell, then and only then do we reap the future rewards.

But you are right. I think the biggest problem is that they do not understand how crypto works.

[wxa7115]

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.

This is a process we have seen over and over again, when the bull market comes this raises the awareness of bitcoin among the general public and a lot of people come to this market thinking about all the profits they can get.

And while this increases adoption it also increases the number of weak hands we have in the market, and this makes the price of bitcoin way more susceptible to a crash as those people are ready to sell their coins at the first provocation, but personally I do not see this with bad eyes as those are the people that allow us to buy bitcoin once again for a price that I thought I would never see again.

[Yatsan]

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.

Are you aware that people have different situations living in? Hwta if an investor bought 1 BTC and because of the high inflation rate we are currently experiencing, he ran out of money (just an example). Would he be wrong for selling his asset because he is in need to do so? It is right to call the investor a chicken if he needs to do what's necessary to make a living? We have our own battles, so never conclude. Ofcourse it would be ideal to hold at thid moment and avoid selling but there are times in our lives which will push us to go out of our plans.

Those who would be able or those who can afford seeing this bearish market trend should hold in order to not make the loss permanent. Indeed 1BTC=1BTC. If you won't sell at a low price there is still a chance to make profit. But once you sell, profit will be permanent on that investment.But we should gauge other factors as well.