People who holds 1+ Bitcoin, how does it feel to hold in bear market?

[Silberman]

As whom holds more than 1 BTC now, I think you guys are in this crypto world for a long now. How does it feel to hold it in Bear market?
And what would you suggest to the people entering the market recently and having thoughts about selling their share of BTC? What's your advice to them?

As for my advice, I would say "Try to do some research on Bitcoin's past and see what it has achieved. If you dive deep, you will see it's potential and would never sell until the right time"

My suggestion to the people that are interested in buying right now is to really think if they are sure they will be able to hold for long enough to become profitable, because it is easy to think that since the price is low already then they can buy now and they will not have too many problems holding their coins, but if the price begins to go down again then they will begin to panic and they could sell, so before doing any investment people really need to think for a long time about it as holding is nowhere near as easy as they think it is.

[1714744994]

1714744994

[fuguebtc]

As for my advice, I would say "Try to do some research on Bitcoin's past and see what it has achieved. If you dive deep, you will see it's potential and would never sell until the right time"

I believe anyone involved in the market has researched this, certainly everyone knows the history of bitcoin. Your advice, I am not saying they are useless but those things they can easily find on the internet. They know everything, but in my opinion, what a newbie needs most experiences, which no one can share and give advice. I was also a newbie and there is no better advice than to experience it myself. I want all newbies to experience this bear season, and they will learn their own lessons.

Keep in mind that there are newbies who only got involved recently. We know their characteristics. They are too excited to try stuffs and they forget to make a research first. And I believe that most of us entered here because of those hyped NFT's and play to earn games. It's only sad that those types of projects are heavily promoted the most and not the old coins but it's fine.

There are still a chance for those people to find out the old cryptos later on or by the time they fail. Advices given by the op might be too basic for you and you think this can be found elsewhere but keep in mind that not all, are productive enough but many are still lazy so threads like this are still helpful for them.

I'm not saying the OP's advice isn't helpful, I mean wanting them to have a real-life experience rather than a narrated experience, will not achieve maximum effect. We are where we are today because of our own market experience, not the advice of others. They need to experience and hone their knowledge and experience if they want to make a profit in the market. In the same way, if you want a high salary, you have to work better than others, lazy people don't deserve the same rewards as hard workers.

[nullama]

I don't really connect with that kind of terminology: bears, bulls, traps, winter, etc.

Bitcoin is money, and to be rich you simply spend less than what you make and keep the savings in Bitcoin.

There's no need to convert Bitcoin to anything else in the short term. Just use whatever you need, and save the rest.

Provide value to society and you'll get money back, spend less than the value you created, and that's it.

[Poker Player]

As whom holds more than 1 BTC now, I think you guys are in this crypto world for a long now. How does it feel to hold it in Bear market?
And what would you suggest to the people entering the market recently and having thoughts about selling their share of BTC? What's your advice to them?

As you have already been told, it is unlikely that anyone would comment in this thread admitting to holding a Bitcoin or more, as a matter of minimal caution.

On the other hand, the question you raise, seems fallacious to me, as you lump everyone who has a Bitcoin or more in the same bag, when they may have very different perceptions derived from very different personal situations.

If you are a Bitcoin maximalist, and you have only 1 Bitcoin and nothing else, no cash, no gold, no houses or anything else, your net worth is only 1 Bitcoin that you have hard earn, you will see things in a very different way than if you have 1 Bitcoin but you have a paid house and another one that you rent, $1M in retirement funds, $0.5M in blue chip stiocks that pay dividends and some gold.

[justdimin]

I believe anyone involved in the market has researched this, certainly everyone knows the history of bitcoin. Your advice, I am not saying they are useless but those things they can easily find on the internet. They know everything, but in my opinion, what a newbie needs most experiences, which no one can share and give advice. I was also a newbie and there is no better advice than to experience it myself. I want all newbies to experience this bear season, and they will learn their own lessons.

There is a real fact that bitcoin has been quite successful so far but that doesn't mean that we can't be careful about the current situation neither. We could both expect it to do well in the future, but we could also have some positive reactions to drops as well.

I personally made more buys during this period and I have some friends who made a lot more money from just selling at higher and made more money from buying lower levels. That is something not so confusing, it is a method that works and both of them could be great for everyone who is involved. Either buy more at lower and do DCA, or sell at the top and re-enter later on when it gets low.

[Antonas1]

-snip-

I am still skeptical many many investors still think the market will go down more before they will eventually get some bitcoins in their portfolio. I see every bear market as an opportunity for me to invest even though I don't have the fund to get more holdings. I is obvious that everyone see the market is different ways and this had made many to lose opportunity just like we do see more investors buying Bitcoin when the market is on a bull trend while less investors do accumulate holdings during the bear market.
The fake news and market fud had confused many persons from buying when the price is low. We will see people rushing to buy Bitcoin when the price starts going up which is why we have to be conscious on how the market react.

Yes same as one of my mistakes. At that time I traded using a forex trading scheme and focused on making more fiat, until I sold everything in 2017. Unfortunately, from 2018 to early 2020 I stopped trading cryptocurrency, and joined back when the price was high.

[dimonstration]

Holding it right now is very hard to do especially if you purchased it on low price and hold during the peak since you will feel pressure too much pressure for losing more. I believe doing a buy back later is the most convenient choice for those who still holding that still in profit.

I have 1BTC before that I purchased during 15K price that I sold on 40k then missed the 67K peak. I restrained myself on buying back at high price and now I’m still patiently waiting on buying so I do DCA but doing power hodl is very hard to do during bear season considering that you can increase your holding by doing buy back later.

[Yatsan]

For sure it won't be that easy. We have different tolerance with market behavior. Some would be forced to sell at this point and some would be able to endure deep market downfalls. If I have such amount of asset, for sure I'd desire or hope to just hold and disregard how the market price of Bitcoin is struggling at this moment. But things does not work that way always. There will be times an investor would be pushed at edge of selling either by circumstances of just by his/her tolerance of the market behavior. Eitherway, as long as actions are validated by oneself, there should be no regrets at the end of the day.

-snip-

I am still skeptical many many investors still think the market will go down more before they will eventually get some bitcoins in their portfolio. I see every bear market as an opportunity for me to invest even though I don't have the fund to get more holdings. I is obvious that everyone see the market is different ways and this had made many to lose opportunity just like we do see more investors buying Bitcoin when the market is on a bull trend while less investors do accumulate holdings during the bear market.
The fake news and market fud had confused many persons from buying when the price is low. We will see people rushing to buy Bitcoin when the price starts going up which is why we have to be conscious on how the market react.

Yes same as one of my mistakes. At that time I traded using a forex trading scheme and focused on making more fiat, until I sold everything in 2017. Unfortunately, from 2018 to early 2020 I stopped trading cryptocurrency, and joined back when the price was high.

Exit and entrance towards this industry are most of the time in line with the hype. So I guess it is just a normal thing for this blockchain.

[Anguwa]

It will appear to be wired, especially if you purchased Bitcoin at a top price of around $40–45k prior to its All-Time high. They must be very patient because selling off would actually result in a loss at this point. They ought to have taken a bigger risk by acquiring more Bitcoin to diversify their holdings if they had more money.

[fennic]

I have been in this crypto market for a while now. 2 years plus if I remember correctly. I have seen BTC at $29k when I first entered the crypto market.
Then after some struggle, BTC went up so high reaching almost 70k making it the all-time high price of BTC. Then in 2022 it just falls and where it stands now.

As whom holds more than 1 BTC now, I think you guys are in this crypto world for a long now. How does it feel to hold it in Bear market?
And what would you suggest to the people entering the market recently and having thoughts about selling their share of BTC? What's your advice to them?

As for my advice, I would say "Try to do some research on Bitcoin's past and see what it has achieved. If you dive deep, you will see it's potential and would never sell until the right time"

I am not holding 1 Bitcoin and that's a very large amount for me too. That was my dream to hold 1+ Bitcoin in my portfolio. Let's see what will happen in future.
Those who are holding more than 1 Bitcoin than they might have mixed reactions. Those who are long term holders they might not have any kind of fear or anything else. Those who bought 1 Bitcoin at a very large price than they might be in a panic and they might soon sell Their Bitcoin and convert them in cash.

[Little Mouse]

I have been in this crypto for more than 4 years now and I have seen my portfolio to go down by almost 85%, for your info that's with BTC. I have seen BTC at $3200 from $20k and I have hold all these years. Let me be honest, it doesn't hurt me much as I was always been looking got buying more as much as I was able to afford.
It will be hard to hold for people who look for a quick return while for the people who buys BTC as hedge against inflation or think long time, it won't be much hard.

[indah rezqi]

It will be hard to hold for people who look for a quick return while for the people who buys BTC as hedge against inflation or think long time, it won't be much hard.

I think only a small percentage of investors actually represent bitcoins as a hedge, whereas the majority of them are long term investments to make a profit. We know that this bear market certainly makes investors feel worried because the value of their portfolios has dropped dramatically. In addition, not all investors will make purchases after the value of their investment has down, but some will still make purchases on dip and dca. All depends on their financial strength, knowledge and experience. So it will definitely be difficult to find a definite answer.

Also I think some people will think bitcoin can give them quick returns but actually it's not always possible because this market is volatile. Buying on dip should be a solution for them, but of course patience is a must.

[maikrothaman]

Holding it right now is very hard to do especially if you purchased it on low price and hold during the peak since you will feel pressure too much pressure for losing more. I believe doing a buy back later is the most convenient choice for those who still holding that still in profit.

I have 1BTC before that I purchased during 15K price that I sold on 40k then missed the 67K peak. I restrained myself on buying back at high price and now I’m still patiently waiting on buying so I do DCA but doing power hodl is very hard to do during bear season considering that you can increase your holding by doing buy back later.

To lower the acquisition cost, simply purchase more.

[Little Mouse]

I think only a small percentage of investors actually represent bitcoins as a hedge, whereas the majority of them are long term investments to make a profit.

Maybe you are right, we don't have any stats nor we can get an idea about this. But most people I know in real life who are in bitcoin, have invested in bitcoin because of the ongoing inflation, even though bitcoin is illegal in my country. I won't surprise if most of the rich guys on the board are buying bitcoin because of the inflation rate.

[KingsDen]

I feel for people who tried their best to own 1 btc when it was above $50k because there was a strong and clear projection that BTC will touch $100. When the $100k mission failed, many people sold their bitcoin while some others held theirs and that set of people are the once that won't feel butterflies for owning 1 btc because they bought it very expensive.

[bitzizzix]

Having bitcoin must have faith and also strong patience, that way we don't really care about the decline and those who experience a decrease will get used to buying it so that the number of bitcoins owned continues to grow.
and as long as we buy it with cold money, I don't think there will be any worries in a downturn, even in a long downturn. And back to faith and patience that keeps us calm and patient even though we have passed the best opportunity before, because if we remember before, in the end the price of bitcoin will rise again even beyond its highest price.

[Adbitco]

What's your advice to them?

My personal advice to them is that they should know bitcoin is a valuable assets that worths investing on rather just gamble with it, looking back the past histories of bitcoin they should know that there's a progress at all time whenever they see's bitcoin going down this way. For them to hold more longer they should avoid FUD, and fomo or even do not listen to crypto news as most at times crypto whales does that to empty the minor traders and holders.

[kamvreto]

Selling or not depends on how those with more than 1+ Bitcoin believe in their target price. the market is unstable, the bear market is not over and it continues to be rocked.
everyone has their own strategy and decisions, so what they will do will not be the same in action. some start holding and continuing to add to their bitcoin assets, some sell them gradually when the bitcoin price starts to rise, and some don't pay attention to it at all and will only be seen for the long term, maybe when a new ATH is reached.
So it also depends on everyone's patience, holding on for years and of course you will get benefits. currently the price of bitcoin is $ 16k-17k, if you are patient for another 2 years it will probably reach $ 100k. nothing is impossible in the world of crypto.

[hatshepsut93]

Mostly I don't care, because I hold since 2016 so I'm very much in green. And there's a lot of things going in life, I have no time to be obsessed about Bitcoin's price, I don't even check it every day.

But I do regret not selling more in 2021, because now I have some needs that might require me to sell some of my BTC at this current price, which is 4 times lower than the ATH. But again, this is life, not everything can be perfect, and I'm very far from bankruptcy, so I can't complain.

[n0ne]

It is really an enjoyable moment and we always have a positive vibe within us when we watch the price on the market. I had chances to have 1BTC, but I wasn't able to continue it. Few years back my gambling activities brought me big win and I was able to have 2BTC, but that wasn't big. Because, I lost in the upcoming bets. When I had those complete bitcoins I wasn't aware of its goodness. Now I've well understood, but no complete bitcoin in the wallet.