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

[Mauser]

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

I agree with you, don't sell your coins during a panic. Right now BTC is at 17,222 USD, it's the worst possible timing to sell at an 52 week low price. We need to have the stomach to sit through this dip and wait for prices to recover. The best strategy would of course be to HODL and not sell any coins at all. It's a nice position you are in to be part of the Bitcoin community for so long and never have sold a single coin yet. I am also not going to sell any of my coins any time soon, only if I really needed to, due to some family problems. Right now is the best time to buy, the idea is to buy low and sell high. People are selling right now doing the exact opposite, and what for? Are they really hoping BTC is going to fall considerably more to make it an attractive trade? If BTC is just going to linger around the 17k level than you are going to buy back your coins at pretty much the same level and only to have paid transaction fees in the process. And the big risk is always when you sell all your coins to miss out on the next rally.     

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[mindrust]

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.

Amazing wisdom. I agree with every word of it.

Just check the charts, Bitcoin has been going only upwards since its inception. What does that tell you? It tells you that it will keep going up. Why? Because history repeats itself. OK sometimes it don't but then it rhymes just like Tupac.

Remember:

"Bears make money, bulls make money, pigs get slaughtered."

Don't be a pig.

Be a fucking apex predator.

[mich]

Well not only am I going to continue to HODL but I absolutely think this is a great time to pick up coins when they’re at this low price. I am definitely looking to pick up more coins cheap but unfortunately I’m pretty low on fiat right now and hope this will change very soon.

I think anyone with extra fiat lying would be pretty foolish not to pick up some coins cheap.  Forget about selling them. Even for those who are not believers in crypto or risk averse should use this an opportunity to pick up some coins to diversify their portfolio and learn about crypto.

[SirLancelot]

Well not only am I going to continue to HODL but I absolutely think this is a great time to pick up coins when they’re at this low price. I am definitely looking to pick up more coins cheap but unfortunately I’m pretty low on fiat right now and hope this will change very soon.

I think anyone with extra fiat lying would be pretty foolish not to pick up some coins cheap.  Forget about selling them. Even for those who are not believers in crypto or risk averse should use this an opportunity to pick up some coins to diversify their portfolio and learn about crypto.

If you are a hodler, your journey won't be completed without buying coins regularly but most of the times you will buy coins when the market is like this (crashing badly) and everyone is panicky thinking this is the end of crypto. You are low in fiat but any amounts will do here. That is the best thing about crypto because they are divisible.

If possible, you can also take a long term loan so that you won't have a hard time paying it and you can still be able to sell some of your coins by the time crypto shows some recovery only to pay the loan that you availed. And what about your salary on your job? Don't tell me you aren't working on one. We should and we shouldn't totally depend on cryptos alone.

[davis196]

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.

The so called "chicken" were the people, who pumped the Bitcoin price to 60K USD. The same "chicken" are the ones who crash the price every time. If the Bitcoin market was full with lions and there were no chicken, the BTC price probably would have been way more stable.
Anyway, don't insult the chicken traders, because they are the ones, who make your profits in times of bull markets.
I haven't heard anything about FTX one month ago. I knew this Sam Bankman-Fried guy, but I wasn't paying close attention to him or his companies. Unfortunately, the domino effect will hit many more crypto exchange platforms. This is both good and bad. It's good because less centralized custodial crypto companies will remain, but it's bad because the crypto winter will continue until 2025.

[My ThuiHa]

It looks like the price is going to fall for a while now. Musk said winter is long. This bear market will last for a long time.
When this bear market passes, not many people will stay in cryptocurrencies. When the bull market came, they saw that the price of Bitcoin was going to jump up again.

[freedomgo]

A common advice but has been recommended by the veterans = HODL!

HODL if the market is dipping, HODL if the prices are much more lower than the price when we obtain it, and if the price is sky rocketing then that is the best reason why must HODL more. We must not forget the reason why we're here in the first place and our aim why we're trying to be patient, we sure ain't here to lose money. Just like what the OP said, don't be one of those chickens who chickened out and panicked when the market is challenging our patience.

[AmoreJaz]

It looks like the price is going to fall for a while now. Musk said winter is long. This bear market will last for a long time.
When this bear market passes, not many people will stay in cryptocurrencies. When the bull market came, they saw that the price of Bitcoin was going to jump up again.

and then, people will regret again that they haven't bought btc when it was low. this will be a cycle that will happen again and again because we have a roller coaster movement in the market price. only that, few people remain strong and holding.
on the note that bear market will last for a long time, we can't say how long it will be because if a big influential company will throw good news on the market, we may see the price soaring again in no time.

[stomachgrowls]

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.

Not all do make out investment which are intending to hold for long term and not all really really that experienced on doing so which means they do have less experience which means that they are really indeed prone

to mistakes but if someone is really that holding for long years to come or in future then these price movements or events wont really scare at all, but it cant really just be avoided not for you to get panic

specially if you do actively known or see on whats happening around the market.For you who had been holding for almost a decade then it is really simply amazing on how
strong your self control is plus having that kind of patience which isnt something a person does have.

[The Cryptovator]

Yea well said. Most dump happens due to panic sellers. In case something comes out like bad news then it immediately starts selling. As a result, we face a massive dump. It's true people just become worried and want to secure their funds. They don't care then how much are they losing. You can't explain to them ever not to sell. It's a phycological matter. And you will notice they are buying again when the green market started. They hope then they can recover their previous losses.

[Stalker22]

Hope is a powerful thing. It allows us to believe in something even though there is no proof that it exists. The hope for quick, easy riches is no different. People will invest in things and programs because they hope for a return on their money. But the sad truth is that the vast majority of people are not going to become millionaires through Bitcoin - and if you're waiting for that to happen, you're likely going to be waiting for a very long time. So basically, don't just "hope" it happens – try to make it happen; but don't expect it to happen overnight.

[adzino]

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.

Don't call them "chickens". I bet if you hold a lot of coins and start hearing about all the problems and disasters taking place in the crypto market, you would turn into a chicken too. It is not a bad thing to be a chicken. Most of those people that you are calling chicken are probably shorting their investment. When they saw what happened to FTX, they sold because they know that the market is going to crash. And guess, what those chickens were right. The market crash, they probably brought what they sold for cheap and now holding a larger bag. Don't let people make you a fool. They will tell you to hold while they sell their coins.

I am not encouraging you to sell. Just letting you know that not everyone sells because they are a chicken. If you want to sell, sell. Don't be scared or don't let people stop you from selling.

[Kakmakr]

You know that Lions eat Chickens ...right? Well, this is exactly what is happening now, because the Chickens are being eaten by the strong hands ...and they are getting cheaper bitcoins for their reward.

A lot of trigger happy speculators has entered the Crypto currency scene and they will panic at the slightest sign of trouble. They are used to the stability of Forex markets and when they see a 30% drop in the price of Crypto currencies.... they run for the hills. 

[RockBell]

The goal right now is to HODL. Buying at 60000 and selling now is not a good business strategy. Bitcoin is not for the faint of heart. The majority are already panicking even after what happened to FTX. The op said that 1 bitcoin equals 1 bitcoin, which is not a bad mental strategy. Most of the time, I just avoid repeatedly checking the market to keep my cool. And another important thing let’s avoid leaving our funds in an exchange due to not your keys not your coin.

[Henrobakkara]

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.

I don't suppose both of your opinions are wrong. Those that were able to see where Bitcoin is headed early on would have invested and just Hodl for "Ever" and some will invest a certain amount and continue to recycle that investment and increase or accumulate their Bitcoin Hodling however, those that will sell in every little dip from any kind of negative news has no believe in Bitcoin in the first place.

[Fullcoinese]

The goal right now is to HODL. Buying at 60000 and selling now is not a good business strategy. Bitcoin is not for the faint of heart. The majority are already panicking even after what happened to FTX. The op said that 1 bitcoin equals 1 bitcoin, which is not a bad mental strategy. Most of the time, I just avoid repeatedly checking the market to keep my cool. And another important thing let’s avoid leaving our funds in an exchange due to not your keys not your coin.

meaning you don't need to look at the value of assets when we start long-term investment planning. we only need to know that the assets we have will remain in nominal BTC. and we will adjust the price to our target in the future.
sometimes we are not calm in market conditions when influential people deliberately release opinions and rumors to move the market.
many people panicked, but many stayed true to their original plan.

[RockBell]

The goal right now is to HODL. Buying at 60000 and selling now is not a good business strategy. Bitcoin is not for the faint of heart. The majority are already panicking even after what happened to FTX. The op said that 1 bitcoin equals 1 bitcoin, which is not a bad mental strategy. Most of the time, I just avoid repeatedly checking the market to keep my cool. And another important thing let’s avoid leaving our funds in an exchange due to not your keys not your coin.

meaning you don't need to look at the value of assets when we start long-term investment planning. we only need to know that the assets we have will remain in nominal BTC. and we will adjust the price to our target in the future.
sometimes we are not calm in market conditions when influential people deliberately release opinions and rumors to move the market.
many people panicked, but many stayed true to their original plan.

Every one has their own way of managing their emotions during bear markets, not completely avoiding the market have price notifications, once the price starts going up it will not go on silent it will trend every where, you develop what you feel is best for you, definitely if it is about people infucing the market like Elon e.t.c I will still know this is the twenty-first century even the channels on TVs will carry the news.

[EarnOnVictor]

I could see that what the OP wrote is what many people appreciate on BTT, but I don't because it does not express the true spirit of an investor. As the OP has not sold a single Satoshi since 2013, he might have gained solid ground as the low and high of the year are between 13- $1,118. Perhaps, the OP bought it around the low of $13, what do you expect? Should people be as daring as such a favoured buyer? I don't think so.

In every investment, there are times to buy and times to sell, I don't believe in a blind investment. Who knows if the OP has a very good external means of livelihood, I doubt if someone that solely relies on BTC for livelihood would do that.

For example, I HODL, trade and use BTC for payments every time. I earn almost every day with my trading, which is what I believe is more important to maximize the benefits of BTC than HODL alone.

[Victorik]

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 don't totally agree with you on this one. People sell their cryptocurrency asset for many different reasons and that doesn't make them chicken, and holding on to a particular crypto asset doesn't make you a lion.

Someone might be in urgent need of money decide to sell some of his crypto asset, does this now amount to being a chicken?

You need to be smart in other to survive in this space and knowing when to sell and when to hodl is a very important aspect of survival.

[buwaytress]

Don't be name calling now, it's a game that turns against you

But on an actually serious note, you know without sellers, there aren't buyers? Gotta learn to appreciate the chickens, or sellers, if you will. How else do we rely on regular purges to shake out the market and reveal the shiny solid foundations that we can build on?

Probably a matter of unfortunate timing for the cycle to come down just as the global economy's also buckling, but enjoy the drama, as you put it. When BTC is stable above 100k you might see yourself looking back with envy.