Keep hodling your Bitcoin

[n0ne]

The price didn't drop particularly low, IMO, but those who think it will fall down even more and who aren't willing to wait for lots of months or perhaps over a year for Bitcoin to go on a bull run are reasonable in the desire to cash out now. I don't care about the price as much and try to be more flexible, but I don't judge those who choose to sell, and we can't convince people not to do it, since we can't guarantee that Bitcoin will be up soon.

Whether the people want to hold or sell is upto them, because we can't be sure about the market to turn bullish or stay on the bearish side. Even though we're into close observation of the market we won't be able to precisely state when the price increases and for what reason the market have undergone correction or decreases. This is the riskier part of the market, and the market being unpredictable it is suggested to keep hold.

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[GreatArkansas]

(......)
Therefore I want to urge all my fellow bitcointalkers to not lose interest in holding because of these little drops in price  keep holding your Bitcoin .It will definitely boom soon

This is extremely difficult to do, as a lot of people especially these new people who are coming into the Bitcoin market, their emotions sometimes are sensitive or difficult to manage.
Most newbies can relate to this. But if you just manage and train your emotion, you will become stronger and I agree with you OP, holding is better sometimes and it's already proven over time.
But for some people who have goal just to make profits, hodling is not form them as they tend to sell once they already met their price target or goal.

[yudi09]

Those of us who no longer see Bitcoin from the context of price because it has been proven during its journey will certainly think that it is normal for those who are worried before they realize that Bitcoin is not only a matter of price but more than that.

Yes, but it depends on what topic is being discussed. The OP is talking about bitcoin in an investment context, maybe about the best strategy for generating worth it returns in the long term. This is clearly discussion that has nothing to do with bitcoin use cases as currency, but about the potential of the price of bitcoin in any time frame.

and we know what the OP is discussing so we try to say that those of us who understand Bitcoin's journey from year to year no longer see it from the price context.
So I think it's only natural that those who are still looking at Bitcoin by price are worried.
Therefore I feel that what is conveyed is not at all out of topic and is still related to the OP's intent.
Take another look.

So far we have been and are still optimistic about Bitcoin for the future so that buying and holding is still an attitude that continues to be applied with each target.
When they are willing to research and study how Bitcoin will be in the future, then those who are worried now will turn into optimists like us.

-snip-

So the conclusion is, buy hold and ignore short term volatility. It is expected and possible for you to generate good returns with the risk if this strategy is implemented.

As for investing in Bitcoin, we are not talking about the short term because that is not at all the concept we want.
In my opinion, the concept of investing in Bitcoin is more suitable in the long term without neglecting the targets to be achieved.

[Mikee_112w]

I completely agree with your analysis of the hodling strategy for Bitcoin. It's crucial to have a long-term perspective when investing in cryptocurrencies and understand the risks involved. Market volatility is an inherent characteristic of Bitcoin, and it's important to have a well-diversified portfolio to manage this risk effectively.

Additionally, it's essential to stay informed about the latest developments in the cryptocurrency market and to have a solid understanding of the underlying technology behind Bitcoin. This knowledge can help you make informed decisions and avoid making impulsive investment decisions.

Ultimately, as you mentioned, the decision to hodl or trade Bitcoin should be based on your investment goals, risk tolerance, and market outlook. With a solid investment plan and a disciplined approach, both strategies can be profitable when executed correctly.

[fuguebtc]

Most recent posts on this forum such as
https://bitcointalk.org/index.php?topic=5449800.0
Seems more like few persons are scared that they may loss to their Bitcoin hodlings due to the recent drops in price of Bitcoin
This is very understandable but as a Bitcoin investor you should know that with the series of price changes Bitcoin has encountered over the years we can say that it rises in value more than it drops .
Therefore I want to urge all my fellow bitcointalkers to not lose interest in holding because of these little drops in price  keep holding your Bitcoin .It will definitely boom soon

That users that made that post most be new to the market because an old users wouldn't make such post. What we are experiencing in the market is just a correction and not a dump yet they're the user is getting scared.

What then would had happened if they were in the market when Bitcoin had dumps that lasted for days, they probably would had sold all their Bitcoin holdings. We only lose when we sell but don't if we keep on holding.

If you sell your Bitcoin now, you have lost as you're selling at the bottom instead of selling at the top when Bitcoin was trading above $60k. It's too late now to sell, just keep on holding and you'll be smiling sooner than you expected.

I also saw that topic, he is a newbie, has no market experience, and has not experienced any bearish season, so we can sympathize with his panic when the bitcoin price drops. But this is the financial market, there will always be panic dumping investors, and there will always be investors waiting to buy cheap. If all investors held and didn't sell when the market crashed, if that happened, I would be more scared for the market than happy. Because the market needs to move and to move, there must be sellers and buyers. It's the rigors of finance.

[DevilSlayer]

Following your plan makes you a good investor, it is not about having enough patience in the market because you can lose your money once the market proves that you are already wrong with your predictions and bias. I always have a cut loss point when I trade bitcoins in futures account, because if I keep holding it and I have high leverage; the chances of losing my capital is really high and it is what I avoiding so I think it is better if we have plan and also cut loss points. There is no wrong with selling bitcoin especially if you have plan to re entry again, my usual cut loss point when I trade bitcoin is around -8% to -10% in that way the volatility cannot easily whip me.

Your plan is the most important thing, it is not about the opinions of the other people toward the price of the bitcoin but it is about how you create and follow your plan cleanly. Many people are creating a plan for their buying and selling decisions but they never follow it and they allow others to infiltrate their mind and to follow what they have heard which cause a lot of mistakes that lead them to incur hundreds to thousands of dollar losses.

[DiMarxist]

Normally some people are afraid of the recent drop of the price of bitcoin, if you have a reason for your investment in bitcoin, no matter how the price drops you will not shake because you know the reasons why you joined bitcoin investment, is normal thing in job, if you don't have plans for your salary in that job you are doing, before you know you will be tied of doing the work, because you don't have plan end of the day, the same to investments if you don't have plans for your investment, you will lose patience of investing in bitcoin. And if you have plans for your investment in bitcoin, anything happens to the market you will not fear. According to my mate, always your plans you will be a successful investor.

[FUCKBSVFUCK]

For your last post I also tried to keep my bitcoins until the end of 2019, when I was at least 25,000 bitcoins. I had no intention of ever getting to a point in a bull market. I bought a couple of coins and sold them to buy low, then just hold some.

[darkv0rt3x]

...
This scenario already happened in the past many times and it’s a normal process to remove those weak hands to make the community pure strong holder.

There’s always someone willing to takeover for those who are scared so let them be. Real bitcoin enthusiast don’t see the price of Bitcoin with current value. You will understand this if you watch many times how scared people react on every price drop.

The so called Theory of Evolution. It is part of the natural selection process! Weak ends aren't need in the space. And I'm glad it is like that! Otherwise, Bitcoin coudn't survive as it has being surviving and thriving over the years!
I learn the thing in probably half a year, when I realsied shitcoins are pure scams. One's take little time to reveal, others will take a bit longer, but they will also eliminate some individuals that are of no interest to the evolution of the species!

[serjent05]

Normally some people are afraid of the recent drop of the price of bitcoin, if you have a reason for your investment in bitcoin, no matter how the price drops you will not shake because you know the reasons why you joined bitcoin investment, is normal thing in job, if you don't have plans for your salary in that job you are doing, before you know you will be tied of doing the work, because you don't have plan end of the day, the same to investments if you don't have plans for your investment, you will lose patience of investing in bitcoin. And if you have plans for your investment in bitcoin, anything happens to the market you will not fear. According to my mate, always your plans you will be a successful investor.

This is one reason why knowledge about the Bitcoin market is very important.  If we have knowledge that Bitcoin is highly volatile, then we won't be worrying about the current dips because we know that Bitcoin will recover.  The knowledge about Bitcoin's cyclic pattern also encourages us to be strong holder because we have the knowledge that Bitcoin history repeats itself, that just a few years from now we might be seeing another record of breaking ATH again.  Besides, holding Bitcoin only cost us our patience and patience is reinforced if we have knowledge about Bitcoin economics.

[romero121]

Normally some people are afraid of the recent drop of the price of bitcoin, if you have a reason for your investment in bitcoin, no matter how the price drops you will not shake because you know the reasons why you joined bitcoin investment, is normal thing in job, if you don't have plans for your salary in that job you are doing, before you know you will be tied of doing the work, because you don't have plan end of the day, the same to investments if you don't have plans for your investment, you will lose patience of investing in bitcoin. And if you have plans for your investment in bitcoin, anything happens to the market you will not fear. According to my mate, always your plans you will be a successful investor.

This is one reason why knowledge about the Bitcoin market is very important.  If we have knowledge that Bitcoin is highly volatile, then we won't be worrying about the current dips because we know that Bitcoin will recover.  The knowledge about Bitcoin's cyclic pattern also encourages us to be strong holder because we have the knowledge that Bitcoin history repeats itself, that just a few years from now we might be seeing another record of breaking ATH again.  Besides, holding Bitcoin only cost us our patience and patience is reinforced if we have knowledge about Bitcoin economics.

Better understanding about the market let us stay strong amidst all the volatility in the market. Some find this to be fearful, whereas the knowledged one consider it as an opportunity to earn out of the volatility. Always our patience gives us best rewards, and it is upto us to decide whether we need to be the prey for the whales in the market or we should have patience. With bitcoin there is nothing to worry as we were assured with the profit in the long term whereas with altcoins our focus should be on booking the profit at the earliest than waiting long. With the top listed one's we can give importance same as that we consider bitcoin as most of the altcoins follow the market movement of bitcoin.

[loopes]

-snip-
Therefore I want to urge all my fellow bitcointalkers to not lose interest in holding because of these little drops in price  keep holding your Bitcoin .It will definitely boom soon

This is extremely difficult to do, as a lot of people especially these new people who are coming into the Bitcoin market, their emotions sometimes are sensitive or difficult to manage.
Most newbies can relate to this. But if you just manage and train your emotion, you will become stronger and I agree with you OP, holding is better sometimes and it's already proven over time.
But for some people who have goal just to make profits, hodling is not form them as they tend to sell once they already met their price target or goal.

Not only a newbie who feel hard to hold but also trader with short trading strategy. But both of them have different reasons. For a newbie, that is right that they still have unstable emotions on holding their bitcoin while the price goes down or even the volatility on a high level. But newbies are a newbies who have less experience, after they learn more and get experienced they will have more stable emotions.
For a short traders, holding is not their purpose so they are hard to hold bitcoin. They expect profit to gain their earning by doing short trading.

[South Park]

Normally some people are afraid of the recent drop of the price of bitcoin, if you have a reason for your investment in bitcoin, no matter how the price drops you will not shake because you know the reasons why you joined bitcoin investment, is normal thing in job, if you don't have plans for your salary in that job you are doing, before you know you will be tied of doing the work, because you don't have plan end of the day, the same to investments if you don't have plans for your investment, you will lose patience of investing in bitcoin. And if you have plans for your investment in bitcoin, anything happens to the market you will not fear. According to my mate, always your plans you will be a successful investor.

This is one reason why knowledge about the Bitcoin market is very important.  If we have knowledge that Bitcoin is highly volatile, then we won't be worrying about the current dips because we know that Bitcoin will recover.  The knowledge about Bitcoin's cyclic pattern also encourages us to be strong holder because we have the knowledge that Bitcoin history repeats itself, that just a few years from now we might be seeing another record of breaking ATH again.  Besides, holding Bitcoin only cost us our patience and patience is reinforced if we have knowledge about Bitcoin economics.

While traders and investors dedicate a great deal of their time to master entry and exit signals, they will do well to remember that a great deal of the success they will get as traders will come from the effective management of their emotions, investing in bitcoin can be an extremely frustrating endeavor, as even if during the bull run there is a sense of exaltation, the rest of the time remaining invested in bitcoin can be quite hard, especially for those that are just starting their journey, and only those which can overcome those feelings will be able to obtain long term success on this market.

[Bitcoin_people]

Bitcoin is a virtual currency that no one can predict what its value will be. However, various big investors and pundits have made some predictions about the future of Bitcoin. The way Bitcoin has changed its position from its initial state to its current state does not predict what Bitcoin will reach in the future. But we all know how bright the future of Bitcoin is and we have an idea of how much it can grow in value. And with this idea we are most interested in investing in Bitcoin. Most investors invest in Bitcoin and hold it for the future, and holding is the best option. And it is wise to invest in Bitcoin and hold it for the long term because Bitcoin will reach a higher market level in the future so it is best to hold.

[Lordhermes]

Bitcoin is a virtual currency that no one can predict what its value will be. However, various big investors and pundits have made some predictions about the future of Bitcoin. The way Bitcoin has changed its position from its initial state to its current state does not predict what Bitcoin will reach in the future. But we all know how bright the future of Bitcoin is and we have an idea of how much it can grow in value. And with this idea we are most interested in investing in Bitcoin. Most investors invest in Bitcoin and hold it for the future, and holding is the best option. And it is wise to invest in Bitcoin and hold it for the long term because Bitcoin will reach a higher market level in the future so it is best to hold.

holding is one hardest thing in trading Bitcoin, but is the best way to be rich in Bitcoin, some times because of challenges you could just trade the coin you have held for long. It's only takes courage and determination to hold a coin.  But holding is for those that believe in the future of Bitcoin, I have some bitcoin I bought long ago, I just hold it, believing it will rise again, I can't sell it now, I'll lose more so the best way is to just forget about it, then wait for what the future.

[Zilon]

If you sell your Bitcoin now, you have lost as you're selling at the bottom instead of selling at the top when Bitcoin was trading above $60k. It's too late now to sell, just keep on holding and you'll be smiling sooner than you expected.

Bitcoin investors especially those new to the market just need to understand that price does not just move in one direction. It takes correction and retracement waves to decide which trend is likely to dominate,  which is the simple principle applied in Elliott wave theory. A good technical analyst might sell now and have a good entry point to buy that is if the bought at a more cheaper rate earlier. But for new traders who are not conversant with the market enough it might be risky selling because the might not know what price to buy at and when to sell so they simply hold.

[Wildwest]

I think for now many investors who have been strong in investing in Bitcoin even though it is experiencing a decline but they still maintain the Bitcoin they have because they already know that Bitcoin still has a long way to go and will return to get the highest value as it happened last year, for those of us who have been in the crypto world for a long time, when it experiences a decline then we will add our investment if the capital we have is still a lot, I'm sure only new investors are worried when the Bitcoin crash occurs.

[boyptc]

I think for now many investors who have been strong in investing in Bitcoin even though it is experiencing a decline but they still maintain the Bitcoin they have because they already know that Bitcoin still has a long way to go and will return to get the highest value as it happened last year, for those of us who have been in the crypto world for a long time, when it experiences a decline then we will add our investment if the capital we have is still a lot,

I'm one of those folks that you've described and yes, it's true that we've been holding and keeping our patience because we know what's coming and what's up ahead on this path.

The losers are the impatient people and have to sell because they're in panic. But if they have to sell because there's an unforeseen circumstance wherein the bitcoin they hold is the solution for it to solve that circumstance that has come to them unexpectedly, that's okay.

I'm sure only new investors are worried when the Bitcoin crash occurs.

That's true but even if experienced ones, we feel a bit of nervous. Just a little bit.

[Antonas1]

Therefore I want to urge all my fellow bitcointalkers to not lose interest in holding because of these little drops in price  keep holding your Bitcoin .

Nobody can be forced to follow your wishes; everyone has the right to make their own decisions. That might be good to you, but it might not be for others.

It will definitely boom soon

Oh wow! Would you take responsibility if something went wrong given the statement you made?

[Broadanbig]

As an investor, you should have been able to do a proper research on the business you are about investing your funds into. That would give you a proper guide on how to invest in that project be it a long or short term investment as long as you have foreseen the future of the project to be of high expectations, then it is ok to know such about the project. As we all know, bitcoin is volatile and risky so would require a proper approach to investing in it depending on the type of investment one deemed fit in.