Know your time to HOLD

[Call_Me_Guru]

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.

 

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[vitya1982]

You sound not desperate, but impatient. First of all, you should invest only what you can afford to lose because you never know when you will be able to gain profit, especially huge. Secondly, Bitcoin is a long term investment. It's not really a good idea to try to make money by investing in it for months unless you can see the future.

[Zaguru12]

What I can deduce from your post is you getting lured into investing more of what you shouldn’t have invested thinking that the pump will increase for a short term. This is what is called the FOMO attitude but with bitcoin the safest  way of holding and earning profit isn’t a short term thing but rather a long term strategy. There are also shirt term options but two months is just so short.

If you’re looking at earning profit on bitcoin or cryptocurrency on short term basis I would suggest you look into trading although it is more risky than the holding that is currently frustrating you

[Ojima-ojo]

This sound like storyline that is not properly written and from what I can see from your statement it reflects your level of low understanding of what bitcoin as an investment is and what role volatility plays in the price of bitcoin.


Secondly, you also lack the basic knowledge of the risk associated with Bitcoin as an investment and that is why you see Bitcoin as a get-rich-quick scheme, such a mindset always triggers up immediate and lack of motivation to wait, because as you mentioned in the last paragraph you stated that you will take whatever buy position that opened up from June 1st if nothing change or if the price continues to increase., this mentality can lead you into buying Bitcoin at ATH which is not a good entry position.

[aoluain]

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.

 

TBH you sound desperate!

Bitcoin is not a "get rich quick" scheme. Your thinking is very similar to those who get
into $hitcoins.

You need patience and a medium to long term outlook. Also a little more education
will trach you that on a weekly, monthly or multi-monthly Bitcoin doesnt keep going up!
There is a market there with traders, investors and speculators who all affect
that market up and down.

[CarnagexD]

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.

 

You are simply fearing of missing out the move. You know it will get higher. But you don't exactly know when and at what price you should buy and get a position. it's okay to be desperate, that's how you feel. What's not okay is if you do something you aren't sure of. Like your idea of buying at any price. In the market, you have to demand your own price.

Just a tip. Don't FOMO. There will always be another trade. There are abundant of opportunities in the market every day, every week, and it won't stop.

[btcfan8]

You don't sound desperate but certainly impatient. This is something that changes with more experience. I can only imagine you haven't been holding Bitcoin for very long.
Anything and everything imaginable will happen to BTC price. You could both be absolutely right and completely wrong at the same time.
You could think price hits $25k before taking off, but turns out it only goes to $30k, then drops to $10k before finally taking off to $100k.

The only certain thing is that long term holding will generate long term wealth. I suggest making DCA trades monthly, that's it.
Keep an excel where you track every purchase every month. Buy a set amount every month, no trades, no BS.

[Sudeeq3350]

I believe you come across as impatient because I can tell you invest and you are hoping to receive your money quickly or you invest money that, if you lose, could put you in financial difficulty. I believe this is one of the reasons why people have always advised investing only as much as we can afford to lose. Although I think it's your decision to buy at any price, I can see that you have done so as a Bitcoin investor.

Or someone who is learning how to invest in Bitcoin successfully, which is not the way it should be, I suggest you go and learn more about Bitcoin investment, such as when to invest and how the price fluctuates.

[Kelvinid]

...

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

Nah, you are actually telling the truth and the sentiment that you have. It is better to become clear and transparent about yourselves, rather than keeping it secret otherwise, you are ruining your goal and the reason why you are investing in Bitcoin. Well, we can assume what will happen in the market but we should still keep calm and have faith in crypto despite the corrections and slow recovery, we can be there someday that is why we should have to be patient.

Bitcoin HODLing for years can not be a lost affair.

Great rewards are what we actually get upon holding and was not wasted.

[taufik123]

Why be impatient, the $25k target is definitely achievable in the near future.
Even if the price goes up, there are still plenty of opportunities to buy cheaper.
You don't need to panic just because the purchase target has not been reached.

Don't push yourself too hard to keep buying if the target hasn't been reached.
Wait and see what the market conditions are. Buying early will make you feel dissatisfied when prices continue to fall.

It's good to do DCA and prepare capital reserves for each purchase.
Buy lower and hold until you reach the top sales target.

[xSkylarx]

It looks desperate, and the fact that you bought it in the same year shows that you are really after money. The fact that you said that it will start pumping and pumping means that you should not think about it; you should have a basis no matter what. For sure, you've just invested for thoughts or hype around you, which for sure makes you not last in bitcoin holding. That is really the cycle of bitcoin holding, and I hope that you'll learn from it and reflect on it. You won't get rich in just one year of holding bitcoin; you need a few years.

[Obari]

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.

 

Well i want you to understand  that bitcoin  is an asset and hodling  is a totally different  business of its own and at such, you ought to be ready to follow  its ethics.
And I think you should also understand  that there is nothing certain about bitcoin  not even its price movement  which determines the profit and losses it offers.

Well there isn't no best time to buy and hodl bitcoin  but what really matters is that you're doing the right thing and since you want to hodl,  you should also try to doing so for a long a long time like 2 years or more and since you intend to hodl for long, I think we're still in the bear market and it's not a bad idea to buy at anytime within this period  and you shouldn't wait for July as the price might even skyrocket by then.

[Razmirraz]

Don't be in a hurry to make profits in Bitcoin investment, do it slowly with the support of high patience. No one can guess that the price of Bitcoin will continue to rise after you buy, so you need patience and time to reach your desired goal.
If you are still afraid of losing, never invest in Bitcoin. Simply put, Bitcoin has never promised real profits to anyone, those who are able to survive the shocks will win and get a bonus for their patience.

[Majestic-milf]

 It's a desperate move and if you harbor that ' get rich quick ' mindset, you'd quickly lose interest when instead of profit, you encounter loss due to volatility. You're relatively new in the forum, so instead of jumping in without thinking, why not take out time to research and better study the market or possibly DCA while observing the market trends.
 Bitcoin investment is something that is risky as there is zero regulation and no collateral Incase things go south hence the need to not be in a hurry. 
 I think it's better to just buy now and hold instead of waiting till 1st July since this has been marked to be a good year for Bitcoin.

[serjent05]

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?

No, you do not sound desperate, I find it ok to tell what is in your mind and expectations.  There is nothing wrong in sharing your thoughts, besides that is your investment.  Your money your decision.

Bitcoin HODLing for years can not be a lost affair.

That is the essence of Hodling, a person who is into Bitcoin investment have to hold Bitcoin for a long period of time in order for him to have a satisfactory profit.  Most had been gaining 3x and more of ther Bitcoin investment especially when they timed it at the bear market and able to seel after 2 havling event.  Just like in the year 2014-2015, when they are able to buy Bitcoin on that year and waited for two halving, in 2021, then they profited more than 20x of their investment

[Eternad]

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.

 

Golden rule in trading. There’s no asset that can perform a continuous pump for a short period of time. You can only see this kind of price behavior when you are using a long time frame and Bitcoin is the perfect example. You can only expect a continuous growth on Bitcoin investment if you are viewing it in long term as in you don’t consider short term trade to avoid emotion if there’s price action.

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’m sure that you will still not buy in case the price reach 25K or you definitely sold again when the price dip further below 25K because that’s what kind of person you are according to your statement structure.

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.

Badly desperate is the right term. You won’t be created this thread if you are not struggling within yourself.

[Yatsan]

It's a desperate move and if you harbor that ' get rich quick ' mindset, you'd quickly lose interest when instead of profit, you encounter loss due to volatility. You're relatively new in the forum, so instead of jumping in without thinking, why not take out time to research and better study the market or possibly DCA while observing the market trends.
 Bitcoin investment is something that is risky as there is zero regulation and no collateral Incase things go south hence the need to not be in a hurry. 
 I think it's better to just buy now and hold instead of waiting till 1st July since this has been marked to be a good year for Bitcoin.

Every investment has its own risk. Also, I'm not quite aware of July 1st to be an indicator of the market unlike with the last quarter of the year. However those expectations does not mean certainty. The market price will go sideways without any particular hint.

Whether to hold or not, depends on the investor; short term or long term. Basically, short term investors are the ones who swings in every price action. Is it best to just hold? If you can endure seeing how price changes from time to time, then you're good with long term holding. Price is somewhat consistent upward if you'd use yearly timefrme.

[posi]

What I see in you is impatience and wanting to get rich quickly. I want to tell you that everyone who has failed to invest in bitcoin has the same mindset as you.
The market is unpredictable, no one knows what will happen in the future. What you can do is draw up a plan and stick to it, absolutely do not rush and do the opposite of what was outlined earlier. If you do not have too much experience in market analysis, try to consult with many others and then make a thorough assessment and make a final decision. Again, don't forget, bitcoin is not a get-rich-quick tool, and not everyone who invests in bitcoin makes a profit and becomes wealthy.

[yazher]

You sound not desperate, but impatient. First of all, you should invest only what you can afford to lose because you never know when you will be able to gain profit, especially huge. Secondly, Bitcoin is a long term investment. It's not really a good idea to try to make money by investing in it for months unless you can see the future.

People get the wrong impression when they always hear stories from short-term holders of bitcoins little do they know not all of their stories are true and they just making stories for their content on youtube. Most people that are getting decent profit from bitcoins are those who were holding it for the long term and also they have multiple sources of income that's why they can have to hold it for that long. This is what most investors nowadays miss, they only rely on one video, and they rush to convert their assets to bitcoins hoping for quick and easy profits also some of them do the worse by borrowing money just for the sake of investing in bitcoins which is not right.

[palle11]

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.

Never regret to invest or feel left out because there is always another opportunity to invest with you wait for a DCA. Before investing DYOR and confirm to your conscience, emotion and indicators. Yes there is buying time and selling time if you have the eyes to determine them through your lens of indicators but for now, more investors are coming in to hodl for halving, so it depends on what you want to do.