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

[BlackBoss_]

This bear market gives many small investors good opportunities to accumulate bitcoin at 2 to 3 times lower than in 2020 and 2021.

The number of addresses that hold 1+ bitcoins in increasing and now they are holding about 10% of total circulating bitcoins.
https://www.lookintobitcoin.com/charts/wallets-greater-than-1-btc/
https://bitinfocharts.com/top-100-richest-bitcoin-addresses.html

[1713574735]

1713574735

[1713574735]

1713574735

[1713574735]

1713574735

[1713574735]

1713574735

[1713574735]

1713574735

[1713574735]

1713574735

[Upgrade00]

if you are daily price watching, you are not a holder
you are an exiter, because you are looking for the right price to exit

I beg to differ on this, that's why I added that this occurs at the initial stage. After years of being into Bitcoin, you become less worried about the current price as you've built confidence in the product and the protocol.
For a new hodler who just invested a couple amount if dollars into this project that they have only researched on, but not actually held in a wallet and owned, looking at the price action is expected and would be fascinating to some.

Admittedly, many new investors would exit, out of which some would return and others won't.

[karabiber]

In my opinion, it is easier to store bitcoins during the bear season than during the bull market. Because if you are not new to this market, you know that Bitcoin is in a cycle. Due to the halving, which happens every four years, Bitcoin pulls back before it goes up and rises higher after each pullback. That's why i love bear season and see it as an opportunity. Of course, the most important issue here is whether you are a patient person. If you are entering this market with the dream of getting rich in a short time, i have to say that you will go bankrupt. You have to love to wait and be patient. If you enter the market with the last money in your pocket, waiting is not for you. Even at the smallest drops, you will panic and want to sell. If you are entering to invest, be patient. If you are entering to get rich in a short time, do not get into crypto and head to the nearest casino to you.

[Nrcewker]

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?

The ones holding more than 1 BTC are no doubt great personalities. They are present in this crypto world for more than decades. They have seen Bitcoins rising from pennies and turning into life changing asset. As they already know the worth , it won’t be any difficult task for them to hold it during the bear market. Generally the ones holding larger amount of coins, do it for long term, so yes during these mini ups and downs, these investors really don’t care. The advice that all crypto users should have is that, never panic and don’t be greedy to the market. Rest will be good.

[xSkylarx]

I don't see any difference feeling between those who own 1 btc and those who own less. Btc is btc and the price is uniform and affect everyone holding it. What I'm trying to say in short is that there's no special feeling. It depends on how best you can control your emotions during the bear market. Mind you, you shouldn't decide for people when to sell their coins.

but if you own a whole bitcoin it has more value and if the price drops your losses will be bigger. Though you have a point that it is still bitcoin and the losses are the same but talking about the value is that you'll be losing more if you invest more (which you bought a whole bitcoin).

A bear market is really a test for those who are new holders as they will tend to panic sell and those who are experienced one is they keep buying as they treat it as a sale so they would buy more if they have extra money to spend.

[len01]

I'm not part of the 1+ bitcoin holder but at least I can hold enough bitcoin for me and I think anyone who currently holds bitcoin, they must already know the history of bitcoin prices from the first release to today.
the current situation is bearish and some big investors are racing to buy and collect more bitcoins to hold and wait for the price to bounce to ATH again.
but for beginners who haven't been in the crypto market for a long time, of course they will panic and will immediately sell their assets and prefer to lose without any hope of getting profits in the future.
I don't have any advice on any of this, but just some bullshit from me that bitcoin will never disappoint its investors in the future.

[Flexystar]

i have coins from as far back as 2012. so i have no fear or worry at all

i did also buy about $5k worth(0.16btc) when the price was $30k this year, i have no regrets on that deal either

i didnt need to buy more, i have hoards. this little 0.16 does not impact the hoards. so its just lays there as dust compared to lumps when comparing the wallets

but compared to the 2021 peak $70k.. $30k price was a good deal. and dont regret it even now

the trick is PATIENCE, and not investing amounts which you fear losing.
dont invest more then you can risk/afford
 
$5k is just a years worth of food waste toilet flushes to me,
it would have been lost if not invested anyways(i would have spent it on junk food/luxury food that just gets digested and plops out in a toilet)

Now that's something good to hear about. This person holds since 2012, and here I am who started in the middle timeline of bitcoin. I might have sold my bitcoins so many times. I think if I sum up all the balances from all the addresses then there is possibility that I held around 0.10 BTC or something. However, there is catch in that. I held them back in time, meaning that would be sum of total received coins but not the current balance of that address. I am not a weak hand but I am selling them because I need them really.

I dont know, I may not able to be as strong as franky did but it would be increase my heart beats if I am holding 1 BTC and the prices are going nuts all the time. 

[worle1bm]

I don't have full btc at this time but I am bitcoiner holding small amount of it and sure one day there will be 1 bitcoin with me as whenever I get chance or have some extra funds with me I invest in it.I have also withdrawn some amounts back in few years but still holding on to my investment for long time seeing great potential in it.But surely those who have more then 1 coin and still have the patience and faith to hold it will gain more profits in the future like those of early supporters.

[Danydee72]

In a bear market like this I don't care much about bitcoin's price - because I know it's value :-). What I consider is accumulating as much bitcoin as I can. With money I can afford to lose. Sometimes I sell some to buy at lower price, just to accumulate even more bitcoins. So in some sense I am quite greedy. Greedy of getting more bitcoins. The more the price decreases the more my greed increases :-) I hope I am able to keep patience and don't begin to do stupid things. We never can be sure about that. 

[Zanab247]

Never you give up no matter the condition you find yourself in the bear market than to encourage yourself that the bear market will not remain forever in the market.  Those that involved patience in their long term holding always see the good side of the holding that will make them feel good for other people to learn from their holding. Many investors that hold 1 Bitcoin, don't play with their personal research which is part of the tools they use to sustain in a long bear market to have something reasonable to earn in the future.

[Lucius]

~snip~

For those of us who have been active on the forum for many years, the bear market is nothing new, nor do we experience it too stressfully (at least it seems so to me). I will say for myself that if I witnessed the time when 1 BTC was worth even less than $200, then I have no reason to feel bad nowadays.

For those who are just starting out, I think this might be the perfect time for an investment, although it is possible that the price will be even lower in the coming months. I think that the chances for that will decrease as we get closer to the halving in 2024, of course assuming that the halving will have the same effects as it was the case in the past.

[klidex]

Never you give up no matter the condition you find yourself in the bear market than to encourage yourself that the bear market will not remain forever in the market.  Those that involved patience in their long term holding always see the good side of the holding that will make them feel good for other people to learn from their holding. Many investors that hold 1 Bitcoin, don't play with their personal research which is part of the tools they use to sustain in a long bear market to have something reasonable to earn in the future.

For a crypto investor, bear market conditions are not scary anymore.
Investors themselves invest in the Bitcoin crypto mainly because they have extra money that they don't use and decide to use it as a long-term investment.
Bitcoin is an asset that has a lot of enthusiasts and from time to time its supply starts to run low so it has the potential to be stored until the price really increases until it reaches its new ATH.
So it's very easy to keep holding Bitcoin with an amount of 1 or even more even though you are in a phase of bear market conditions like this.

[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.

[darkangel11]

I hold much more. Won't go into details but something between 10 and 50 and I don't feel any pressure. Most of my coins were acquired before 2017 bull run and I went through all the fears of the 2018 bear market and through the covid crash of 2020 without selling a single bitcoin. Once you've seen bitcoin trade at $600, $15k or 10k won't scare you.

Don't get me wrong here, I'm not preaching holy bitcoin here and I'm all about converting it to things I need at some point. One day Bitcoin is going to help me realize all my dreams like visiting the places that I want to go to and maybe buying myself a few toys like an electric dirt bike and a speedboat, but not yet. I can wait though, I'm not that old.

[Woodie]

If you had 1 bitcoin when price was at its all time high and price crashes to were it is now... Is anybody going to be happy about how things have turned out... I don't think so! This is why I believe as hodlers, let's try to take out profits whenever possible, I would suggest that if you invest say $1000 let's cashout 25% @ 4X to allow our portfolio to be risk free and enjoy the crypto journey without any heartaches.

[Antonas1]

I made a few mistakes in 2016-2017, so I didn't have 1 bitcoin when the market turned red. But at least now I have some for me to hold, and I don't think there's anything special about it, just like nothing happens.

"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"

The problem is, when is "the right time"? I think everyone has different views and targets about it.

[Bushdark]

I made a few mistakes in 2016-2017, so I didn't have 1 bitcoin when the market turned red. But at least now I have some for me to hold, and I don't think there's anything special about it, just like nothing happens.

"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"

The problem is, when is "the right time"? I think everyone has different views and targets about it.

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.

[Findingnemo]

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.

I have seen it grow and fall too. Current market condition is so unpredictable. But I have made my own analysis, and now I know that every time BTC has fallen in the past, it just bounces back to the top to grow stronger than before.

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 know about Bitcoin when it was in hundreds but only managed to understand the potential and start investing when its probably around 2k to 3k before the bull run of 2017 so for one who managed to see both phases can survive mostly unless they fall into huge debt. But the real weak hands are new investors who invested in the last bull run now will be in a frustration or something worse.

[lixer]

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.

[Odusko]

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 its potential and would never sell until the right time"

First, let me help clear up one wrong notion here, it doesn't mean those who hold 1 whole Bitcoin unit are in for long, in fact, we have newbies that don't know a dime about bitcoin and have not spent up to a week in the bitcoin journey but yet have the finances to afford 1 or even multiple BTC since they have the funds and the price of Bitcoin is low which make it very Interesting.
If you ask me, I will say the best time to buy Bitcoin is during best market, that way the buyer will have a favorable entry price and lower risk of loss, and holding one whole Bitcoin unit gives extreme joy since the holder can easily calculate how much thousands of dollars he stands to gain if Bitcoin made a new all-time high.