Know your time to HOLD

[aylabadia05]

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.

Don't rush to decide. Use the DCA pattern.
No one knows if the price will move up or down. There is potential that in May the price will find it difficult to go up and still have the potential to fall below the current price due to several factors.
If you can't wait to get into June, buying now will also be advantageous to keep in your portfolio because Bitcoin can make a surprise at any time.

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

Your story reminds me of the type of person who plans too long and then changes. 

[ajiz138]

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 know targeting a lower price is good for our purchases, but if you are too tired of waiting why not just buy a little over $25k because it is just as good at a low price especially if you have increased your money to buy bitcoin then I think you should buy now instead of waiting for an uncertain drop even if it is so close to $25K.
But for me is when there is money then I will buy prices that are still below the $30k area it is still in a low situation.

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

People who seem desperate will have high panic, so I think that feeling must be removed because in bitcoin you have to wait for longer patience to be determined if you want to make money in the next few years.

Bitcoin HODLing for years can not be a lost affair.

If you save bitcoin properly then the HODling method will never disappear, I'm trying to survive deeper by HODLing in more than 5 years.

[Lida93]

Bitcoin investment is not an easy task especially when you embark on with an amount of money that's not what you can easily let go while you patiently wait for whatever number of years it's going to take to get the amount of profit you had in mind before initiating it.

We should be wary of investing into any asset that pumps up value non-stop within short period of time particular if it's a cryptocurrency as they are likely to pump and dump leaving you the investor at your peril. For a currency like bitcoin you want to invest for a long plan it's appropriate that for a low income earners you could invest in an amount that is about a 10% or 15% of your total life savings to reduce tension on yourself should market price fall causing delay from how you had planned.

Most of the times, based on market volatility, it's the market that rather plans for us while we patiently waiting for a favourable season.

[indah rezqi]

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.

Don't rush to decide. Use the DCA pattern.
No one knows if the price will move up or down. There is potential that in May the price will find it difficult to go up and still have the potential to fall below the current price due to several factors.

Yes, DCA is a good choice if the OP has any doubts about price.
After all, he shouldn't push his way through seeing $25k happen over May if an eventual price recovery is a fact. Bitcoin has breached $27k which may can break $28k resistance in the near term. If the OP hadn't waited too long at $25k, then maybe he'd have gotten some returns when bitcoin instead bounced to $27,500.

If you can't wait to get into June, buying now will also be advantageous to keep in your portfolio because Bitcoin can make a surprise at any time.

The main point must be considered, yes it is DCA. Even if $27k was the highest in recent days, it was a lower price than early May. Buy now is fine if OP is planning a long term investment.

[Agbe]

I only see an imaginative pumping and pumping from the op. Op should give us some of his pumping, pumping and pumping evidence. I see it as a phishing Hunter. By the way, waiting for the bearish market or time time buy bitcoin is good but the question is when? The time is unknown. So now that the market is still on the semi bearish market, you make your purchase and wait for the next line of action. If it goes down as you put in the Topic, 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. Invest on them and when their price goes up then you sell it.

[buwaytress]

Let's say you've got $10k to burn. You don't, but hey, since we're playing games, let's say you've got that much money.

Price yesterday was below $27k, let's make it simple and call it an even $27k. If you'd bought at $27k, you'd have 0.37 BTC. If you'd waited for $25k, you'd have 0.4 BTC. Is that 0.03 BTC really worth waiting for?  If you had $100k, that difference only becomes 0.3 BTC.

Now let's say you miss the boat and we don't look back and Bitcoin goes up, and up, and up. Do you keep waiting? Keep missing out?

[Dzwaafu11]

2 months is too little time to invest in bitcoin and expect a return with profit in such a short period of time. I believe you lack the patience for waiting because you view bitcoin as a quick way to get rich. Alternatively, when you hear people say they have been holding on to their investments for a long time, it seems to me that you have invested a sizeable sum of money that you cannot afford to lose and are afraid of losing it before the amount dumps for these. I believe you should continue waiting for a Bull run in order to profitably recoup your investment.

And for these, you need even more understanding about bitcoin investment, including how the bitcoin market functions and other crucial information you must understand in order to manage your coin.

[Z390]

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.

 

The dullness of the past two months only shows how weak you are, you have no place in crypto if you are going to get this fed up this fast,   a strong bitcoin investor should start worrying after 2 full years of investment, you aren't seen nothing yet mate, ask those who survived through 2018 bear market, it was so annoying that many people who planned go hold Bitcoin for a long term start selling their Bitcoin and gave up their dreams.

People expect things to just work out like that, as if it's that easy to make money in the crypto space, it's not easy to be a holder, you heard that right, you will face some tough situations that can intervene with your crypto holding, if you are smart you will hold very tight and not get shaked by fear.

[mendace]

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.

 

I can't determine whether you seem desperate or determined to make money, as it depends on others' personal interpretation.  However, it is understandable that you may be frustrated with the situation.

 Finally, you believe that holding Bitcoin for many years is not a lost deal, suggesting that you still maintain confidence in the long-term perspective of Bitcoin as an asset.
I can only add that you have misinterpreted the true meaning of Bitcoin.

[mirakal]

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.

 

Being desperate is out of the question because we all are determined to make profits and money from our investments, if that sounds desperate to you, so be it. But you will just have be patient because there will be a time for you and don't be in a hurry like you're in a competition because you are not as that will just produce mistakes along the road. The only one you're competing with is your mindset, which is not really helpful in these times.

[Rruchi man]

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, allny price I see it is what I buy.

I assume that you are not well informed and you are without any form of guidance. If you were acting under guidance, the person would have told you that it is not a good plan to want to invest at once, and waiting is a dangerous game if you want to buy bitcoins. Buy bitcoins when you can as you can and do not just buy based on the price it is.

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.

Don't get discouraged because things have not gone the way you expected it to go. Buy bitcoins today and keep buying, have faith about the price that although it does not look good, it will get better for investors.

[BitDane]

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.

Bitcoin market movement is really unpredictable, so we cannot justify anything just because our first few prediction happen.  Worst, if we are following technical analyst, Bitcoin is known a shamer of technical analyst.  There had been lots of prediction that bitcoin price movement had countered.

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?

Why not start now?  It would be more troublesome if bitcoin price goes up by the time you planned to buy it.  You can always have the opportunity to DCA if ever Bitcoin price goes downward.  But you will never average down if bitcoin price starts climbing up.

You don't sound desperate  since your plan is to hold Bitcoin for years.

Bitcoin HODLing for years can not be a lost affair.

[The Cryptovator]

It is important to be patient when considering buying Bitcoin. Just because you have a target price in mind doesn't guarantee that it will be reached exactly. Market conditions are constantly changing, so it's necessary to make real-time decisions. If you believe that Bitcoin will consistently increase in value, it may not be the best investment for you. Additionally, waiting for a specific price to accumulate and then expecting a quick sell-off may not unfold as anticipated. There have been instances when Bitcoin starts to rise from our intended buying range, causing us to miss out. Therefore, it is crucial to conduct market research and determine the right time to buy and how long to hold the cryptocurrency.

[bussybuddy]

I see from the way you say it that you are looking to get rich quick in this market. Most people who think like you will fail as soon as they start investing in this cryptocurrency market. So it is best that you draw up a specific plan, consider and find out reputable project sources, as well as a reasonable allocation of assets for many different currencies. But still prioritize optimization and consider risks because this is inherently a volatile market that is also full of scams for new entrants.

[Finestream]

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

Know that if you can’t be good in long term investing, there’s high chances too that you won’t be successful when you trade. So always starts at the basic before you indulge yourself into a more risky activity. However, it’s true that two months hodling is very short, most of the time it takes months or years before you can be profitable from long term hodling. So have more patience and perseverance because that’s the only way you can manage your investments for long term, by not believing into FUDs and FOMO as they can ruin your long term hodling.

[Doan9269]

I have waited for the price to reach $25k for me to start pumping my money, it never reach there.

If you're conversant with the bitcoin price you would have seen that there are times earlier this year whe bitcoin price go dip to about $15,000 before it begins to rally round the zone of $20k and now to where it is, which means we cannot predict the volatility as to which direction ot goes or when it makes such moon

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

It's because you eeded a means to invest on a profitable investment makes you decided to invest on bitcoin, everyone of us has this as a mindset in one way or the other towards this even though that may not be the major reason why we chose bitcoin

Bitcoin HODLing for years can not be a lost affair.

You can never lost your asset as long as you're holding it on a decentralized wallet a d have the keys to the wallet with you alone, you will always have a good edge for a better future with your holdings.

[cryptomaniac_xxx]

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.

We are still in bear market, so no, the price will not go on parabolic rise. Are you really sure you want to hold long term? because for me it sounds like you wanted to get a good profit right away.

No offense mate, but HODLing is a tough game, you need to prepare yourself to just grind day in, day out, buy every week and protect it in your wallet. So if I were you, just do DCA and continue to accumulate regardless of the price, in my opinion. And see how it goes for you after the block halving next year.

[Fivestar4everMVP]

Wether bitcoin will back down to $25k or below is what I can only believe when I see it happen, but if I was to advice you @op, I would say that now is still a good buy if you are planning to hold bitcoin for long term, if you wait from now to July, you never can tell if the price will be higher by then, and again, you will end up regretting why you didn't buy now.

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.

[Rengga Jati]

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.
.......
Bitcoin HODLing for years can not be a lost affair.

For me, it will be worth wait for long term holding if Bitcoin even until several years later. Hopefully, I can really meet the bullrun again, so the wait for the season  y holding Bitcoin tightly will be reallly worth wait. I have no idea to sell the BTC right now although it has been increasing.. there are still enough time to add more amounts and keep them by holding, becoming more patient for holding.

[Hypnosis00]

snipped...

We are still in bear market, so no, the price will not go on parabolic rise. Are you really sure you want to hold long term? because for me it sounds like you wanted to get a good profit right away.

No offense mate, but HODLing is a tough game, you need to prepare yourself to just grind day in, day out, buy every week and protect it in your wallet. So if I were you, just do DCA and continue to accumulate regardless of the price, in my opinion. And see how it goes for you after the block halving next year.

Holding is really hard at the start, negative emotions are gonna make us think "of not doing it". But if we really have the goal to do it and a good reason, nothing is impossible. But in the situation with OP and based on his statement, you are probably right, it was difficult for him to hold when our minds is not syncing on it as it only fails in the end. If we can't control our emotions, never be going to expect that Holding can be easy to achieve instead, we gonna expect this would end our journey in crypto.