Know your time to HOLD

[blockman]

Bitcoin HODLing for years can not be a lost affair.

If you know the recipe for how mostly are making profits through holding Bitcoin as you've said, then why not do what others are doing as well?
You're good to trade for profits whether it's on a daily basis or weekly basis but don't let yourself have any Bitcoin that's set for long-term holding. It is what it is but those that are dominating this market are the people who have experienced the toughest times of the market and learned how to be the most patient people in the hardest times.

If I were you, I will buy bitcoin at its current price, and if by July, the price become cheaper, I will buy more to bring my average buying price down, remember, this market can't be predicted accurately.

Yeah, if he's just here til' July then he should take advantage of the moment that he's seeing. Buy and decide to sell for that month if the market goes better.

[Sanitough]

My take on bitcoin in 2023 by the way it bought and was pumping pumping and pumping was like it will never stop. I thought it was my year to make my money and keep much of Bitcoin in my wallet. But the dullness of over 2 months has changed my mind. The scenario poured coldness in my mind but again let me know that bitcoin behaves like an asset and asset has the time to buy and sell not the way I thought it will always be be buying.

I have waited for the price to reach $25k for me to start pumping my money, it never reach there. I grows impatient daily, I won't wait more than 1st of July, any price I see it is what I buy.

I don't like to sound desperate, do I sound desperate or determine to make money?

Bitcoin HODLing for years can not be a lost affair.

 

It seems that you are investing an amount that you can’t afford to lose so that made you impatient with how the price of bitcoin is going through. You should have known in the first place that the market is highly volatile so expect that there will be more price swings and price decline that will be seen happening in the market. But if you have the patience to trust the process, long term hodling will never disappoint you as long as you also invest with positive mindset and the right attitude towards your long term investment.

[TimeTeller]

Bitcoin HODLing for years can not be a lost affair.

If you know the recipe for how mostly are making profits through holding Bitcoin as you've said, then why not do what others are doing as well?
You're good to trade for profits whether it's on a daily basis or weekly basis but don't let yourself have any Bitcoin that's set for long-term holding. It is what it is but those that are dominating this market are the people who have experienced the toughest times of the market and learned how to be the most patient people in the hardest times.

If I were you, I will buy bitcoin at its current price, and if by July, the price become cheaper, I will buy more to bring my average buying price down, remember, this market can't be predicted accurately.

Yeah, if he's just here til' July then he should take advantage of the moment that he's seeing. Buy and decide to sell for that month if the market goes better.

In this market, it is all up to us how we will prepare for the future.
We may have seen some people holding for long-term because they have reasons.
You can read various insights from newcomers as well as long timers, but at the end of the day, it is your decision to make.
It is your own money, so you should decide on what to do and not follow other's suggestions.
But of course you can always gauge and asses the insights you can read over the net.

[fauzan Ichsan]

My take on bitcoin in 2023 by the way it bought and was pumping pumping and pumping was like it will never stop. I thought it was my year to make my money and keep much of Bitcoin in my wallet. But the dullness of over 2 months has changed my mind. The scenario poured coldness in my mind but again let me know that bitcoin behaves like an asset and asset has the time to buy and sell not the way I thought it will always be be buying.

I have waited for the price to reach $25k for me to start pumping my money, it never reach there. I grows impatient daily, I won't wait more than 1st of July, any price I see it is what I buy.

I don't like to sound desperate, do I sound desperate or determine to make money?

Bitcoin HODLing for years can not be a lost affair.

 

It seems that you are investing an amount that you can’t afford to lose so that made you impatient with how the price of bitcoin is going through. You should have known in the first place that the market is highly volatile so expect that there will be more price swings and price decline that will be seen happening in the market. But if you have the patience to trust the process, long term hodling will never disappoint you as long as you also invest with positive mindset and the right attitude towards your long term investment.

identify the initial goal first in buying bitcoin, if you are for short-term trading, then it seems that you can still make money, but if you buy to get a pump in the near term, it seems that it is wrong. we all here don't know when there will be a bullrun on bitcoin, so it has to be long term. My advice is to improve your mindset or get out of the market immediately, because it could happen that bitcoin will fall below $ 25k like your purchase and can experience a longer bearish season

[DiMarxist]

Bitcoin is not a get rich quick investment, you must be patient and strong to hold for long. Long term investment is the best for bitcoin. If it goes down or rise up, you still hodle and hodle till the next bull market.
But at the mean time, if you think that price is high and you can't buy for now then you can diversify the investment to other areas like other coins. So have more patience and endurance because that’s the only way you can manage your investments for long term, patience is investment. Nobody know when bull market will come or bear market. Long time is best.

[Bushdark]

Bitcoin is not a get rich quick investment, you must be patient and strong to hold for long. Long term investment is the best for bitcoin. If it goes down or rise up, you still hodle and hodle till the next bull market.
But at the mean time, if you think that price is high and you can't buy for now then you can diversify the investment to other areas like other coins. So have more patience and endurance because that’s the only way you can manage your investments for long term, patience is investment. Nobody know when bull market will come or bear market. Long time is best.

There area till people that are making crazy money from the market that is why we need to to seek for understanding and update so that we don't need to rely on a single coin for it to give us the kind of profits we need to get to where we want to us ourselves. There are people who do get the update of when new coins are launching and they don't miss the opportunity to hold the kind of coin that will give them the kind of profits they want to have in the market.

Holding a single coin for many months is not easy and can not make us get the kind of profits we really want. There is need to hold multiple coins to earn more from different liquidity.

[blockman]

Bitcoin HODLing for years can not be a lost affair.

If you know the recipe for how mostly are making profits through holding Bitcoin as you've said, then why not do what others are doing as well?
You're good to trade for profits whether it's on a daily basis or weekly basis but don't let yourself have any Bitcoin that's set for long-term holding. It is what it is but those that are dominating this market are the people who have experienced the toughest times of the market and learned how to be the most patient people in the hardest times.

In this market, it is all up to us how we will prepare for the future.
We may have seen some people holding for long-term because they have reasons.
You can read various insights from newcomers as well as long timers, but at the end of the day, it is your decision to make.
It is your own money, so you should decide on what to do and not follow other's suggestions.
But of course you can always gauge and asses the insights you can read over the net.

We've got a glimpse of it and based on the history of having Bitcoin we've got all the idea of what it will look like in the nearest future. We set a timetable on how long we shall be involved here but for most, there's no exit plan. And that is because we know how the financial system sucks and the banking system is certainly about to get worse soon. Having your own plan is a good one based on how you look into the market. You have your own belief and style of investing so no one can stop you if you want to hold or if you want to sell and stay here for a very short period of time.

Holding a single coin for many months is not easy and can not make us get the kind of profits we really want. There is need to hold multiple coins to earn more from different liquidity.

It's easy actually, you only have to wait until the total value becomes more than the capital you've used in buying it.

[Fivestar4everMVP]

Bitcoin HODLing for years can not be a lost affair.

If you know the recipe for how mostly are making profits through holding Bitcoin as you've said, then why not do what others are doing as well?
You're good to trade for profits whether it's on a daily basis or weekly basis but don't let yourself have any Bitcoin that's set for long-term holding. It is what it is but those that are dominating this market are the people who have experienced the toughest times of the market and learned how to be the most patient people in the hardest times.

If I were you, I will buy bitcoin at its current price, and if by July, the price become cheaper, I will buy more to bring my average buying price down, remember, this market can't be predicted accurately.

Yeah, if he's just here til' July then he should take advantage of the moment that he's seeing. Buy and decide to sell for that month if the market goes better.

In this market, it is all up to us how we will prepare for the future.
We may have seen some people holding for long-term because they have reasons.
You can read various insights from newcomers as well as long timers, but at the end of the day, it is your decision to make.
It is your own money, so you should decide on what to do and not follow other's suggestions.
But of course you can always gauge and asses the insights you can read over the net.

You are completely right bud, it is always our personal decisions to make at the end of the day, as we all already know that if one follow the advice he found on the Internet, and maybe things later didn't go as envisioned, there is no way such person would hold the one that gave the advice responsible, reasons being that..
1. You don't know each other, and neither have you ever meet, and chances of meeting is even slim..
2. You were not forced, you read, and on your own decided to do as advised.

So basically, it's up to OP to decide what's best for him, is his money, is his financial life and it is his sole responsibility to plan it the way he wants, but like they say, "no man is an island of knowledge", it is never a shameful thing to add other people's wisdom to yours for better results, most especially when you feel you are in a cross road and don't know the right way to go.

[crunck]

Bitcoin is not a get rich quick investment, you must be patient and strong to hold for long. Long term investment is the best for bitcoin. If it goes down or rise up, you still hodle and hodle till the next bull market.
But at the mean time, if you think that price is high and you can't buy for now then you can diversify the investment to other areas like other coins. So have more patience and endurance because that’s the only way you can manage your investments for long term, patience is investment. Nobody know when bull market will come or bear market. Long time is best.

Even if you invest in other fields or other coins for which you have no patience, you will not succeed. The more impatient you are, the quicker you lose money. It seems that he is still a newbie to the market, giving your altcoin investment advice would be the next mistake he is prone to make. Altcoins are not for beginners who want to make quick money because it is a lot riskier. To be able to invest in altcoins at least you need to spend a lot of time doing research.

[AbhishekJain]

Yes i think is holding time is right .

[irhact]

I have waited for the price to reach $25k for me to start pumping my money, it never reach there. I grows impatient daily, I won't wait more than 1st of July, any price I see it is what I buy.

I don't like to sound desperate, do I sound desperate or determine to make money?

Bitcoin HODLing for years can not be a lost affair.

You do not have to be waiting physically and monitoring the market waiting for the price of Bitcoin to reach $25k before you place your buy order, you can do that automatically on the exchange that you're using. You can deposit only the amount you want to use to buy the Bitcoin and places an automatic buy order so when Bitcoin reaches that price, it buys it automatically.

You can also DCA, you buy some Bitcoin now and wait for the price to touch $25k before buying the same quality again and wait for Bitcoin to fall to the next support before you rebuy. Just waiting for Bitcoin to touch $25k mightn't happen and you don't want to miss buying.

[ImThour]

The chances that you can predict where the market will move are way less than you think are. I would prefer you to stack and forget rather than try to buy/sell regularly or weekly.
That's not how you should treat Bitcoin or any other crypto. News/Event based trading is something which should be done in minutes and provides a lot of advantage if you are early.

[Josefjix]

Bitcoin is not a get rich quick investment, you must be patient and strong to hold for long. Long term investment is the best for bitcoin. If it goes down or rise up, you still hodle and hodle till the next bull market.
But at the mean time, if you think that price is high and you can't buy for now then you can diversify the investment to other areas like other coins. So have more patience and endurance because that’s the only way you can manage your investments for long term, patience is investment. Nobody know when bull market will come or bear market. Long time is best.

The market is volatile, and trading is risky, always ready to face either the bull or bear season in the market. We identify solid bitcoin entries and also know when to trigger a sell signal, whether in a bull or bear season. We should do our best to understand the market and how its entire operations in order to benefit most of the time, because it is not always guaranteed to be 100% profits, partly through technical and fundamental analysis. HOLD is only possible by patience with structure longterm investment, and planning good setups in order to capitalize on available earnings.

[Nrcewker]

If you have Bitcoins in your wallet and holding it for long term, then definitely you won’t make any losses. The reason is very simple. We know Bitcoins are fixed or limited in number, hence they are very rare. The marketcap of the coin is very big, so it proves that people are well known about the coin, and the coin is being transacted at high rate daily. So when the demand to acquire the coin will increase, the price will automatically go up due to the fixed amount of coins. So yes if you are holding the coins, then hold it for few more months. Definitely you will get huge profits from it.

[Litzki1990]

Since you have decided to buy Bitcoin when the price of Bitcoin drops to $25K, you may have to wait for a while.  Because right now the price of bitcoin is between 27K and 27.5K dollars and the market goes down more than it increases every day because the market has more downs than ups so maybe the price of bitcoin can come down to 25000 dollars very soon. 

If you can buy bitcoins at $25K then you will try to hold bitcoins for a long time. Because if you buy at $25K there is a high probability that the market will go up and if you can hold it for a long time then you will get good profit.

[goldkingcoiner]

Bitcoin is not a get rich quick investment, you must be patient and strong to hold for long. Long term investment is the best for bitcoin. If it goes down or rise up, you still hodle and hodle till the next bull market.

Yeah I would completely agree with that. Anyone who thinks of Bitcoin as a get-rich-quick scheme is setting himself/herself up for failure by giving in to this delusion, which only serves to fuel an emotional mindset and that eventually and certainly leads to emotional trading on a loss. It is best to be smarter than that. If one cannot afford to invest money long term then they should not invest at all. Bills and life come first.

OP might be sorely disappointed but we have already passed 25k. So if he really needs to pay bills or something he can buy and still have a slight profit, seeing as Bitcoin is now heading towards 30k...

Although I think he will be even more disappointed in the future, should he decide to sell. But that is his decision.

[raidarksword]

Patience in crypto is the powerful tool to have especially for a newbie in the industry because crypto market has it's cycle that determines the market's sentiments for whether it's a bear or bull market. Right now we having a bear market which is the right time to buy and HODL for the next bull cycle. Never have impatient because those people can HODL will have the benefits of all and it will be a life changing opportunity for you if you practice more patience.

[Aikidoka]

The chances that you can predict where the market will move are way less than you think are. I would prefer you to stack and forget rather than try to buy/sell regularly or weekly.

I agree with the first part of what you said as it is indeed very challenging to predict the market's next moves especially in the case of Bitcoin due to its high volatility. However, when you mention that you'd prefer to stack and forget rather than actively buying or selling regularly or weekly, that statement is correct but there's nothing wrong with buying Bitcoin regularly as it allows you to invest smaller amounts over time.

I feel like by treating it as if you're paying an extra bill for your house on a weekly or monthly basis you can gradually invest in Bitcoin without feeling the burden of putting in a great amount of money all at once. That would make you a huge profit in the future for sure.

That's not how you should treat Bitcoin or any other crypto. News/Event based trading is something which should be done in minutes and provides a lot of advantage if you are early.

Correct, to be early with your trades right after hearing news or event can provide a big advantage. It allows you to place your trading orders at the right timing and would increase the potential for making more money.

[S A KHAIR]

If you can buy bitcoins at $25K then you will try to hold bitcoins for a long time. Because if you buy at $25K there is a high probability that the market will go up and if you can hold it for a long time then you will get good profit.

What if he bought it for 27k dollars? This difference will be huge if you invest a large amount, but if you only invest a few thousand dollars, there is not much difference when buying bitcoins at $25k or $27k. In my opinion, it is best to buy now as there is no guarantee that bitcoin will drop below $25k. If your vision is long-term and will only sell during the next bull season, buying at $27k or $25k won't make much difference.

[Bazzu]

I personally once was in an impatient situation because I wanted to buy BTC fast, and I put a buy price on the exchange to buy BTC at a cheaper price and didn't buy too for days.
but in the end I decided to buy at a high enough price and canceled to buy btc at a low price. finally bought it, but after buying it suddenly the btc price dropped even deeper and in the end I regretted not getting a cheap btc price.

so basically in my opinion we need patience in investing to achieve success in the field of BTC investment and others.