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

[dothebeats]

Doesn't really feel like there's something wrong tbh. I still have those bitcoins in the wallet, and although their price are tanking, its value over time will still be positive. Also since I've been trying to average my buys for years, the current price of bitcoin isn't too far from what my stash is worth / 1 bitcoin. I can basically chill and let the market do its thing while I also have the option to buy more and further bring down the average of my buys if I wanted to (and if I have the extra money laying around that is).

[1714668390]

1714668390

[1714668390]

1714668390

[uneng]

It feels monotonous because the prices are stagnant. You can do nothing besides waiting for the next bull run, but at same time you have the feeling things are going to improve at some point, so it somehow gives hope to your life regards the financial aspect. Holding during the bearish market is a constant mental fight with yourself to remain patient and hopeful, while not getting upset and angry due to the crypto scammers who are just making this bearish season last longer, besides making investors lose a lot of money. Honestly, I don't know if it feels too different from holding less than 1 bitcoin...

[Emmanuelex]

I have been into bitcoin for quite long, since 2015 I have been investing, and I have also made a fair share of the profit that comes with the uptrend in price, and I have also seen the price go down and lost some. I never really bother much these days, because I’m just investing , and plus right from the beginning I have always seen bitcoin as this cool tech stuff and always like to have some of it stored in my different wallets, ready to HODL for as long as it takes. It’s usually better when you’re investing in bitcoin with some of your free money, that way you wouldn’t bother much about the price up and down movement. If you’re looking for quick money and eventually end up investing money that you might be in need of any time soon, then you would definitely get wrecked.

[TungTresa]

The friend who taught me how to buy bitcoin told me after my first purchase, buy it, forget about it, and come back to it in 5 years. 3 years have passed. I haven't done it though.

[DeathAngel]

I feel nothing if I am totally honest. These bear markets do not phase me any more. Many years ago I was a scared little boy, like a rabbit in headlights when the price would dump. Now after witnessing these phases many times I do not panic.

The price always recovers, you just need to learn to be patient. It’s all you can do, wait it out & better times will come, they always do.

[TheUltraElite]

You have seen bitcoin at 29k$, I have seen bitcoin when it was 600$ and hence my amount of held bitcoins would not matter, I would still be bullish on it.

Times when bitcoin crashed, similar sentiments have been observed in the market, but the final saying is that these cycles are continuous and a temporary phase in the market. How long the bear trend retains, depends on the type of event that started the crash, in this recent one the news was significant.

Hence the prolonged bear market, but it only means that a bull market will happen in future. You may not want to buy anymore if you have already filled your bags to the brim, just be patient and keep holding for now.

[Victorik]

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"

Edit: I said 1 BTC+ and there's a reason for that. I know how human mind works. If you have less than 1 BTC(almost 1) then you will be willing to hold it to make it to the 1. And those who have more than 1 BTC Like 1.5 or 1.2 something like that. They will most likely sell the other and keep the 1 for the future.
I am not here to know who owns the 1 BTC. Just curious, do they do the same?

.

You don't expect them to panic during the bear, that will mean losing a large chunk of their investment. BTC is unlike other shitcoins whose value will never rise after a bear market, keeping that in mind,  holders of 1BTC+ can find solace in the fact that the price will definitely bounce back to their initial entry point and even go much higher.

[Logic24]

Doesn't really feel like there's something wrong tbh. I still have those bitcoins in the wallet, and although their price are tanking, its value over time will still be positive. Also since I've been trying to average my buys for years, the current price of bitcoin isn't too far from what my stash is worth / 1 bitcoin. I can basically chill and let the market do its thing while I also have the option to buy more and further bring down the average of my buys if I wanted to (and if I have the extra money laying around that is).

Yes I think so too I believe the price of btc will rise again.  And get good profit we are very optimistic about BTC those who have more money than they need buy BTC without delay

[Ziskinberg]

Those people who have 1 Bitcoin in their wallet are those who are able to ignore the FUDs and market volatility and are willing to hold longer. It was different from those people who just invest a few sats who typically had worries and doubts in their mind, and easily get intense once seeing the price in red.

Long-term holders always believe that the price of Bitcoin will recover and patiently wait for the moment without making any stupid decision that will bring them losses. Perhaps they usually calm nd steadily have peace in mind that is why they don't easily get bothered despite what will happen in the market.

[gunhell16]

If I am a long-term investor, even if we are still in the current bear market I will not be concerned, because I don't care if its price value is low now. Because I believe it will increase as soon as possible and I am ready to wait even if it takes me to get old, just not to the point where I am no longer in this world.

But if I'm not patient and impatient, maybe this time I'll probably sell my bitcoin little by little until I don't realize it's running out.

[pawanjain]

I don't really care if it is 1 BTC or 0.078 BTC or 1.437 BTC. It is still bitcoin which is previous and we should try to hold every possible satoshi we can for the future.
As long as the bear market is concerned it will get over at some point of time and we should feel lucky to buy more bitcoin at such cheap prices.
We never know if we would be able to see bitcoin again at these prices or not.

[Issa56]

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?

To me I don't think their is anything new in holding during the bear market, maybe because am used to it already, the only thing I do during the bear market is that I do use the opportunity to accumulate more bitcoin, I see bear market as opptunity but most people don't really understand that, whenever their is bear market, most people do panic but I don't panic, the only people that should panic are the once holding shit coins because must of shit coins won't survive the bear market, that's why I always advice people to invest only in bitcoin.

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?

I know must newbies will definitely panic in this bear market, since they haven't experienced this kind of market condition before. I always advise people to have patience and hold, Bitcoin is going to bounce back but I don't think anybody knows when that will happen.

[ajiz138]

If I am a long-term investor, even if we are still in the current bear market I will not be concerned, because I don't care if its price value is low now. Because I believe it will increase as soon as possible and I am ready to wait even if it takes me to get old, just not to the point where I am no longer in this world.

But if I'm not patient and impatient, maybe this time I'll probably sell my bitcoin little by little until I don't realize it's running out.

It's true, because I aim for long-term investments, I won't worry about it, especially if I start in 2022, you can say it's still relatively new, while long-term investments take a long time, even years, so I don't feel anxious or worried, I'll wait until I get lots of bitcoins from low price.
I won't be a panic person when the bear market gets nervous, I won't worry too much about this I aim for the long term if it's not the time then of course we don't have to be afraid of a bear market situation

At the moment I still can't collect 1 BTC because I don't buy 1 BTC all at once but by means of the DCA strategy which allows me to take a long time to reach 1 BTC, even though it's still too far away I never get tired of doing DCA.

[TheUltraElite]

Those people who have 1 Bitcoin in their wallet are those who are able to ignore the FUDs and market volatility and are willing to hold longer. It was different from those people who just invest a few sats who typically had worries and doubts in their mind, and easily get intense once seeing the price in red.

Those who have doubts about an asset should not invest in it.

This is like a relationship and if there is no trust then there is no meaning of having that relationship, which in turn ends up being toxic rather than fruitful. Here the toxicity is the frustration of having to hold a low performing asset or the pain of not getting good valuation profits in a short time.

Be it one bitcoin or more or less than that, your goal should be clear, you sell at the bull market and buy at the bear market. Be patient about the profits because this is not a get rich-quick game.