I have to hold on tight

[Peanutswar]

It seems OP already gained profit if you check the current market we are now sitting the price of 56k actually last all time high price of the BTC goes up to 70k if you make a take profit congrats but if you keep holding I guess regrets will be partially on you still profit is profit. Halving is done already but the price are still less volatile recently just the recent drop until now haven't seen any bull run for heading in the 80-100k price of the Bitcoin and hopefully it happens.

[Fiasem20]

The journey of holding Bitcoin is a bit tempting to newbies,the fact that the price move of Bitcoin fluctuates means no investor should sell his/her coins in panic.It is required of every investors to have a set goals and also build an emergency fund to avoid tampering of one's holdings at loss.If you're a long term holder you won't get worried about current price movement of bitcoin because bitcoin investment is not a get quick rich scheme investment, Bitcoin still remain a store of value so don't think it would drop more than what you expect.Having this thought that the price of Bitcoin would appreciate in the future will help you hold onto your coin tightly.

[Antotena]

It seems OP already gained profit if you check the current market we are now sitting the price of 56k actually last all time high price of the BTC goes up to 70k if you make a take profit congrats but if you keep holding I guess regrets will be partially on you still profit is profit. Halving is done already but the price are still less volatile recently just the recent drop until now haven't seen any bull run for heading in the 80-100k price of the Bitcoin and hopefully it happens.

Looking at his post date and time, 1 and half year just pass like it's nothing and the last place he said Bitcoin was trading was $17k, a buy from here despite that the price has reduce from the all time high, the person should be in 3x of his investment as Bitcoin is currently trading around $57k. This looks fast but as an experienced holder of Bitcoin, this might look like 3 years of holding an investment, but if we continue to dip on dip, there wouldn't be much profit left to sell.

I'm also not sure about $100k because the damage some governments like Germany are doing to Bitcoin isn't good. It has been reported Germany particularly has been selling their share of Bitcoin every day since June, this could make Bitcoin even harder to stay at high price. What if US also start selling their bag, it will have a bad impact on Bitcoin on the long run.

[Onyeeze]

Some people does not plan to hold when the market is decreasing the only think of holding their cryptocurrency when the market is increasing why the best way to accumulate your Bitcoin and also make a profit is doing the time the market is reducing or decreasing so I will advise whoever that I have a Bitcoin to hold it Bitcoin for future purpose or future reference because it is obvious that when you hold your bitcoin for long time definitely you will make a profit but when you panic to sell your bitcoin because the price of Bitcoin is getting decreased in the market you will regret selling your cryptocurrency at that moment

[Stablexcoin]

...Imagine a person who purchased BTC in 2011 and held it for 13 years, his profit from this investment is huge. Now think you are that person in 2035, you can calculate the profit margin and this will help you calm your nerves.

It is very difficult for me to imagine such investors who have hold Bitcoin for 13 years. Who are these people who resisted the temptation to sell their coins when the price increased by tens of thousands of percent? I would never become one of them, since I can't hold my coins so tightly.

Don't be surprised there are people like that guess you've never met them before but I have. Since most of them are potential holders some of them who still have their Bitcoin intact for a long period are people who discover about their portfolio late. For example, those who forgot they have an asset somewhere will alter in the future and remember and by so doing they have made a lot of profits for those number  of years they forgot about it.

[PX-Z]

It is very difficult for me to imagine such investors who have hold Bitcoin for 13 years. Who are these people who resisted the temptation to sell their coins when the price increased by tens of thousands of percent? I would never become one of them, since I can't hold my coins so tightly.

Don't be surprised there are people like that guess you've never met them before but I have. Since most of them are potential holders some of them who still have their Bitcoin intact for a long period are people who discover about their portfolio late.

Can you name one, a holder from 2011? Just like mentioned its hard to resist temptation of those users who held for such long where there are so many times they should sell their holdings instead since no matter what the price is they are still in thousands of profit by now.

[Parvati_j]

From the time the op made this post until now, if he had held his profit and holdings the should be glad he didn't sell then because the price of Bitcoin has increased to more than 2x since he made this post. This is a strong evidence that holding for long is the best strategy toward making good profit from Bitcoin with limited amount of risk compared to trading your coins which could lead to loss and if not careful you can make the mistake of sending to the wrong address. Holding is much more relaxing as long as you use DCA and put in small fractions from your earning.

[Just Say]

From the time the op made this post until now, if he had held his profit and holdings the should be glad he didn't sell then because the price of Bitcoin has increased to more than 2x since he made this post. This is a strong evidence that holding for long is the best strategy toward making good profit from Bitcoin with limited amount of risk compared to trading your coins which could lead to loss and if not careful you can make the mistake of sending to the wrong address. Holding is much more relaxing as long as you use DCA and put in small fractions from your earning.

Maybe now is the best time for investors again because now the price of Bitcoin is low. If someone can buy bitcoins at low prices and hold them for a long time with patience then he will profit later. However, those who adopt a DCA approach to investing may not have to wait for Bitcoin to fall because they are constantly investing using that balanced approach. Investing in the Dollar Cost Averaging method will steadily accumulate Bitcoins in your investment portfolio which will grow in size later on. But the advantage of this method is that you can deposit small amounts of bitcoins even in fractional form.

[Franctoshi]

It is very difficult for me to imagine such investors who have hold Bitcoin for 13 years. Who are these people who resisted the temptation to sell their coins when the price increased by tens of thousands of percent? I would never become one of them, since I can't hold my coins so tightly.

Don't be surprised there are people like that guess you've never met them before but I have. Since most of them are potential holders some of them who still have their Bitcoin intact for a long period are people who discover about their portfolio late.

Can you name one, a holder from 2011? Just like mentioned its hard to resist temptation of those users who held for such long where there are so many times they should sell their holdings instead since no matter what the price is they are still in thousands of profit by now.

These categories of investors are investors with a high degree of patient, and are people that understand Bitcoin fundamentals very well, and they get the sense of what Bitcoin is going to be in the future. Secondly, These could be investors that have a lot of money and luckily for them, they were able to purchase Bitcoin at a very cheap prices and saw no reason to sell but rather keep it as their retirement savings, there must be a clear reason for those people who kept theirs until now. There is this Bitcoin enthusiast I follow on Twitter who bought Bitcoin when it was just a dollar and, according to him, his aiming a $500,000 price per Bitcoin.

[RockBell]

The journey of holding Bitcoin is a bit tempting to newbies,the fact that the price move of Bitcoin fluctuates means no investor should sell his/her coins in panic.It is required of every investors to have a set goals and also build an emergency fund to avoid tampering of one's holdings at loss.If you're a long term holder you won't get worried about current price movement of bitcoin because bitcoin investment is not a get quick rich scheme investment, Bitcoin still remain a store of value so don't think it would drop more than what you expect.Having this thought that the price of Bitcoin would appreciate in the future will help you hold onto your coin tightly.

The newbies always want to sell when ever the price is down. And that is one thing newbies are good at, not having patience. Their is always a lot to learn when you start investing. You need to have patience because if you lack patience you will find it difficult to make money because patience bring profits because if you look at the whole thing now people that are already holding when bitcoin was around 70k and now the price is down and expect them to sell. It is not possible. And concerning emergency funds when you have a job you will not have to temper with your investment. Because continous tampering with your funds you will end up losing all you have invested. Long term holders already have experience so they won't panic when the price is going down. Because they know that the price will bounce back no matter what. The moment you want to invest in bitcoin you must be ready to have patience no matter what. And if the person can have patience then number one challenge is settled.

[I_Anime]

From the time the op made this post until now, if he had held his profit and holdings the should be glad he didn't sell then because the price of Bitcoin has increased to more than 2x since he made this post. This is a strong evidence that holding for long is the best strategy toward making good profit from Bitcoin with limited amount of risk compared to trading your coins which could lead to loss and if not careful you can make the mistake of sending to the wrong address. Holding is much more relaxing as long as you use DCA and put in small fractions from your earning.

That's true , when it comes to investing in Bitcoin long-term holding is just the best . Most always in a haste or should I say most people just want to make it quick , and deep they know that things don't work that way that's why most of time endup losing their money in trading due to trading with half-size knowledge, and also investing in Ponzi scheme, because they want to get rich quick .

While they can just buy some nice quantities of bitcoin, either by lump-summing or DCAing. I know is not an easy task but with nice principles and discipline one will be able to pull it off. Inorder to secure a smooth bitcoin investment (holding) for themselves.

[AirtelBuzz]

The journey of holding Bitcoin is a bit tempting to newbies,the fact that the price move of Bitcoin fluctuates means no investor should sell his/her coins in panic.It is required of every investors to have a set goals and also build an emergency fund to avoid tampering of one's holdings at loss.If you're a long term holder you won't get worried about current price movement of bitcoin because bitcoin investment is not a get quick rich scheme investment, Bitcoin still remain a store of value so don't think it would drop more than what you expect.Having this thought that the price of Bitcoin would appreciate in the future will help you hold onto your coin tightly.

The newbies always want to sell when ever the price is down. And that is one thing newbies are good at, not having patience. Their is always a lot to learn when you start investing. You need to have patience because if you lack patience you will find it difficult to make money because patience bring profits because if you look at the whole thing now people that are already holding when bitcoin was around 70k and now the price is down and expect them to sell. It is not possible. And concerning emergency funds when you have a job you will not have to temper with your investment. Because continous tampering with your funds you will end up losing all you have invested. Long term holders already have experience so they won't panic when the price is going down. Because they know that the price will bounce back no matter what. The moment you want to invest in bitcoin you must be ready to have patience no matter what. And if the person can have patience then number one challenge is settled.

Newbies may make this mistake more often. Basically newbies tend to sell a coin when its price drops because they cannot control their emotions. Emotions must be controlled to be successful in investing. Which the newbies can't do. Also due to lack of experience and patience many people sell their coins thinking that if they don't sell the coin now then the price may drop further later even more can be damaged.

In the current market situation, there may be many who invested, but now that prices have fallen, they may be apathetic and sell their investments. If they invest patiently for a long time now, they may be able to earn profits later.

[ThemePen]

Newbies may make this mistake more often. Basically newbies tend to sell a coin when its price drops because they cannot control their emotions. Emotions must be controlled to be successful in investing. Which the newbies can't do. Also due to lack of experience and patience many people sell their coins thinking that if they don't sell the coin now then the price may drop further later even more can be damaged.

In the current market situation, there may be many who invested, but now that prices have fallen, they may be apathetic and sell their investments. If they invest patiently for a long time now, they may be able to earn profits later.

Yes you are right new investors mostly make a mistake when price of their coins drops. They sell their coins because they are scared or worried. Experienced investors know how to control their emotions and make smart decisions. New investors mostly do not have patience to wait for market to improve. They worry that if they do not sell now they might lose even more money later. But if they wait patiently they might make good profit later. To be good at investing they need to be able to control their emotions and wait for right moment.