Know your time to HOLD

[RockBell]

It is normal that we hold our crypto investment during bear season, because if we are going to sell in bear season we will surely end up to losing we need to hold till market recover for profit no one will loss if we don't sell at loss so it is important to hold and have a lot of pr ofit when bull market begin.

The best choice someone can make is to hold. It may not be an easy choice, but that's why I don't advise people to take out loans to invest in bitcoin because you can not actually forecast the price every single second. And people should find other ways to make money so that they won't have to worry about what they have invested in bitcoin. Many investors just focus on investing in bitcoin, which is bad for business because you could have to sell since you have no other options for making money. Investment in bitcoin is not recommended for those who are easily depressed due to the price, which has not been in anyone's favor for a while. Very soon everything will fall in place for does that have been patient.

[lizarder]

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?

You sound like someone who regrets every dip and doesn't act to buy bitcoins while in a correction stage or you are too excited to collect bitcoins but haven't reached your target level yet. Whenever you believe that in a period where you can buy bitcoin, then do it according to the capital you have because it is good to stimulate your investment to be more consistent. If you are one of the long-term holders, the buying period is not a big deal as you can wait for the decline process when bitcoin strengthens again.

But if you like the short term then it is advisable for you to study the market conditions when buying and you are required to make an analysis of active trades every time. The difficulty is when you are not used to this condition, there are periods that will make you panic when the market is badly corrected and if you react because of panic, then therein lies the loss of the investment you are running.

[Magic-Money]

Bitcoin coin price can not be predicted, because of the volatile in the cryptocurrency market, while waiting for the price drop to $25k per BTC, which it may happen over night and go back to the range of $27k, and what you need to know about Bitcoin is all about patients business and while waiting for the price to dip, is more advisable to place a pending order, when the Market price reach $25k as your target, it automatically trigger and most important thing about Bitcoin investment is the entry point that determine the profits return.

[tygeade]

Bitcoin HODLing for years can not be a lost affair.

You already know the answer, so why don't you just buy it now and hold until you can make a big profit? Don't rush to get rich.

The problem here is that he's waiting for the price to go back to $25k which has didn't happen. Which is slightly opposite to what he said in the last sentence. In my opinion, if you believe that holding Bitcoin for years was a good decision because price will be possibly reach its ATH then there's nothing wrong to invest early than $25k. It hurts to be left behind by the market that you waited for so long. So in order to avoid that scenario, I would suggest to diversify your capital and buy a portion of your capital everytime the price goes down.

That is why I do not care about 27k or 25k as well. I mean I am going to hold this for many years, probably over a decade which means that I shouldn't really care about what's going on and that should be fine. I get that not many people think about it the same way and maybe we are going to end up with something that will be a lot more dangerous in the long run if we keep on waiting to buy.

So they should buy it if the idea is to hold it for a long time, do not keep waiting, the difference will be huge when the price is high but also you could be too late and then the difference will be huge in that case as well. I would rather see the price increase like crazy during the same period so that we could move on and I would buy right away to be ready for that.

[BITCOIN4X]

You sound like someone who regrets every dip and doesn't act to buy bitcoins while in a correction stage or you are too excited to collect bitcoins but haven't reached your target level yet.

The OP doesn't seem to regret every dip, but just looks like he's really excited to wait for a deeper drop before making a purchase. There were many people expecting bitcoin down to $25k, but it never happened as the market continued to show recovery after dropping around $25.8k.

Some seemed to regret their decision because the price never dropped to the area they expected, so a change of plans is very possible especially when bitcoin is starting to show something positive. OP just needs to take advantage of dips to buy instead of expecting too deep a dip, even if he has doubts then DCA is recommended for him.

[Altryist]

You sound like someone who regrets every dip and doesn't act to buy bitcoins while in a correction stage or you are too excited to collect bitcoins but haven't reached your target level yet. Whenever you believe that in a period where you can buy bitcoin, then do it according to the capital you have because it is good to stimulate your investment to be more consistent. If you are one of the long-term holders, the buying period is not a big deal as you can wait for the decline process when bitcoin strengthens again.

But if you like the short term then it is advisable for you to study the market conditions when buying and you are required to make an analysis of active trades every time. The difficulty is when you are not used to this condition, there are periods that will make you panic when the market is badly corrected and if you react because of panic, then therein lies the loss of the investment you are running.

I think that short-term transactions, are already trading, if you buy bitcoin for several weeks, or months, and then sell it, then these are definitely short/middle-term transactions. By the way, long-term investments also require you to understand the market, you cannot buy bitcoin at any time and expect to make a big profit, even if it is a matter of several years. If you had bought bitcoin in April 2021 at 60k, then even more than two years later, your investment would still be at a significant loss, so the time and price of the purchase is very important for investing.

[Crptomagma]

Bitcoin market is something no one  can actually tell when it is best to buy or hold instead you buy when you have what it takes to and wait for the outcome. From my little experience I think every time is best to buy and hold  Bitcoin all you need is Patience...

[Slow death]

if my memory serves me right, a few days ago the price of bitcoin dropped a lot to the point of reaching 25800$ so you could have bought it, but pay attention to one very important thing which is the following: the price of bitcoin is not going in a race bull right now, it's on the side, it doesn't rise much and it doesn't fall much, the problem with that is that if the price doesn't manage to rise a lot in the next few days, then it will fall a lot, this happens because many people get impatient when they're not watching the price goes up a lot, so they start selling because they already made a profit and if you buy bitcoin at $25000 and then the bitcoin price drops a lot then you will be at a loss, so do a good analysis of the ideal point to buy

even if you're looking to do hodl, if you manage to buy even further down that becomes a big advantage for you both in the short term and also in the long term, so the best thing you could do would be to buy now but you should put a stop loss , unfortunately it is not possible to place a stop loss on wallets, so this would force you to have to leave your coins on a reliable exchange such as binance, obviously it would be something temporary until you see if the price would rise to $30,000, but in case of a price drop you would have a stop-loss at $26000 and you could buy much lower afterwards

[AnonBitCoiner]

First of all you should have to put money and then realize the thing that in certain selected years you will not use that money and will hold it for that time so if during these years you make profit then take it because the market is unpredictable what will occur in future is unknown.

Don't think too much about your losses and wins because different thoughts make a person impatience so sometimes he take wrong decision due to the accumulation of different thoughts in his mind. It is the better way to wait until you get the benefit from it and you will not make loss if you keep calm during negative aspects of cryptocurrency market.

[serjent05]

You sound like someone who regrets every dip and doesn't act to buy bitcoins while in a correction stage or you are too excited to collect bitcoins but haven't reached your target level yet.

The OP doesn't seem to regret every dip, but just looks like he's really excited to wait for a deeper drop before making a purchase. There were many people expecting bitcoin down to $25k, but it never happened as the market continued to show recovery after dropping around $25.8k.

There are lots of cases where investors are waiting for a certain dip that is bound not to happen and they end up buying 2x their target price.  The lesson here is that we can try to put some amount while waiting for our target buying price.  Or we can cost average our way to accumulating BTC so that we won't miss out on the current price if the market move in a different direction in the following days.

Some seemed to regret their decision because the price never dropped to the area they expected, so a change of plans is very possible especially when bitcoin is starting to show something positive. OP just needs to take advantage of dips to buy instead of expecting too deep a dip, even if he has doubts then DCA is recommended for him.

That is what I am talking about, there are lots of testimonies on the internet about investors who missed the discounted price of bitcoin because he is waiting for the market price to drop lower.

[rby]

Bitcoin market is something no one  can actually tell when it is best to buy or hold instead you buy when you have what it takes to and wait for the outcome. From my little experience I think every time is best to buy and hold  Bitcoin all you need is Patience...

You are wrong in your statement here. Bitcoin is somthing you can know when to buy. You can also know when to hold. It is simple to buy low depending on the difference prices bitcoin has attained and the ATH. When to hold it not really affected by the price condition but how long you are willing to leave your investment in bitcoin.
The factor that makes it difficult to determine is actually when to sell, anyone that has an investment plan should also know the right time he stipulated to exit the market and when that time comes, the best thing is to exit to avoid indecisions.

[Oilacris]

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.

 

On the time that desperations turns out to be too much, then this is the time you would really be finding yourself into a possible or potential impulsive approach on things on making up decisions which is something that would bring out a disaster rather than on being beneficial. Of course everything would really be needing up that patience but on the sense that those target or goal should be somewhat realistic. Waiting for $25? Its almost we do able to hit up those numbers but eventually the price now is starting to go into opposite direction which it is current $27k as of this writing.

If you do go for long term with Bitcoin then buying or getting some entries wont really be an issue since you could really be able to enter without having those doubts or trouble because youve been able to buy on high price but since we are still having that sideways movement then it wont really be that much of an issue or something to mind on but if you are a trader then entering back
on $25k then you would really be needing to have those kind of technical analysis kind of approach and just pray that the market would really be going back into those numbers. 

[Rasa nanas]

don't be naive because all investors want profit, and i think if you want long term investment you don't have to worry about this problem.
even if you buy now it doesn't matter because the current bitcoin price is still relatively low. even the current bitcoin price is not yet half of ATH 2021 ,so I think there is still a lot of opportunity to buy and make big profits in the future.

[CageMabok]

Bitcoin market is something no one  can actually tell when it is best to buy or hold instead you buy when you have what it takes to and wait for the outcome. From my little experience I think every time is best to buy and hold  Bitcoin all you need is Patience...

I don't think that any time is the best to buy, because for me the best time to buy Bitcoin is when it's going down in price or before the price recovery trend in the market happens to Bitcoin in particular. Because I think buying at the highest price like at $ 60K is not the best choice although it is also not wrong for those who buy to keep it for a long term. Because usually those who like to keep Bitcoin for a long time will not look at the price very often because what they want is Bitcoin, not the price.

[Weawant]

It is normal that we hold our crypto investment during bear season, because if we are going to sell in bear season we will surely end up to losing we need to hold till market recover for profit no one will loss if we don't sell at loss so it is important to hold and have a lot of pr ofit when bull market begin.

When we invest, it's meant to be held for a long time before profits can be made, only a lucky few invest and get an instant profits. When people chase quick money investment, they lose more money than they make but people aren't aware of this problem.

We have to hold if we want to make profit, selling doesn't give you profit and if you want to sell now that the market will soon recover, you're doing the wrong thing and you'll be filled with regrets when you check back on the market and see your coins pumping.

Keep on holding, Bitcoin price will rise in the future and the price of Bitcoin could rise to $100,000 in the next bull cycle. Don't sell your Bitcoin now or you'll regret like those that sold before the last pump that happened in March.

[lizarder]

The OP doesn't seem to regret every dip, but just looks like he's really excited to wait for a deeper drop before making a purchase. There were many people expecting bitcoin down to $25k, but it never happened as the market continued to show recovery after dropping around $25.8k.

Some seemed to regret their decision because the price never dropped to the area they expected, so a change of plans is very possible especially when bitcoin is starting to show something positive. OP just needs to take advantage of dips to buy instead of expecting too deep a dip, even if he has doubts then DCA is recommended for him.

Waiting for a deeper decline will miss the opportunity for the OP to buy as the price is again showing a gradual recovery although a small correction is still taking place in the market now and going forward. One way he can do it is like the suggestion you gave by using DCA and if there is indeed a decline for the next month, he can take the second option by making large purchases according to his wishes and the targets he expects.

Doubt will only prevent OP from buying because he is too worried about waiting for the right conditions to buy, even though under any circumstances he can adjust to the DCA pattern and doesn't have to wait for such a sharp decline to buy. If there are too many considerations in the decision then unfortunately he will not have a chance to see the halving in the next period and lose the opportunity to make a big profit in the next ATH.

I think that short-term transactions, are already trading, if you buy bitcoin for several weeks, or months, and then sell it, then these are definitely short/middle-term transactions. By the way, long-term investments also require you to understand the market, you cannot buy bitcoin at any time and expect to make a big profit, even if it is a matter of several years. If you had bought bitcoin in April 2021 at 60k, then even more than two years later, your investment would still be at a significant loss, so the time and price of the purchase is very important for investing.

What are you worried about when you implement long-term investment in bitcoin, do you know how bitcoin can survive in chaotic economic conditions when Covid-19 takes place and what happens in the following year that bitcoin reaches its highest price. You don't need to understand market conditions for long-term investment, buy and hold bitcoin it will bring you big profits. Cases of loss to investment in bitcoin because it acts on panic and the simple formula is enough to be calm and hold on to the bitcoin that you have, there is no loss to investing in bitcoin if you have made the right investment.

For me when we apply bitcoin investment in the long term you can buy bitcoin at any price like now, because what you have to understand is the long term concept of not being active in trading but waiting for the next ATH. That is why bitcoin is considered the best investment for the long term, besides being able to maintain the value of bitcoin it is also able to provide a sense of security for the assets that you store in the long term.

[naira]

You sound like someone who regrets every dip and doesn't act to buy bitcoins while in a correction stage or you are too excited to collect bitcoins but haven't reached your target level yet.

The OP doesn't seem to regret every dip, but just looks like he's really excited to wait for a deeper drop before making a purchase. There were many people expecting bitcoin down to $25k, but it never happened as the market continued to show recovery after dropping around $25.8k.

Some seemed to regret their decision because the price never dropped to the area they expected, so a change of plans is very possible especially when bitcoin is starting to show something positive. OP just needs to take advantage of dips to buy instead of expecting too deep a dip, even if he has doubts then DCA is recommended for him.

Actually there is no need to regret when bitcoin doesn't touch the price we want, because of course we already know bitcoin price movements are unpredictable, in other words our predictions cannot be 100% correct. So from here we need to realize that we have to adopt a strategy that doesn't leave us behind, as you said, the DCA strategy can be a solution to that uncertainty. With DCA we can buy bitcoin at a price close to our predictions, even though it turns out that in the end the decline is more than what we expected we can continue buying with the money we have prepared.

[coolcoinz]

Bitcoin market is something no one  can actually tell when it is best to buy or hold instead you buy when you have what it takes to and wait for the outcome. From my little experience I think every time is best to buy and hold  Bitcoin all you need is Patience...

That's what I kept telling people for years. The time to buy is always good, but it can be better. It a;; depends on how long you can wait.
If you buy bitcoin at ATH, you may have to wait 4-5 years for profit, but if you do it at an average price, maybe 40% of ATH, you shouldn't have to wait more than 2 years for an opportunity to either exit with small profit, or at least without a loss.
If you have at least 5 years in mind, you can buy at any moment. I'm sure within that time bitcoin is going to experience a bull market.
I've held for 8 years and it gets easier with every passing year.

[stomachgrowls]

Bitcoin HODLing for years can not be a lost affair.

You already know the answer, so why don't you just buy it now and hold until you can make a big profit? Don't rush to get rich.

The problem here is that he's waiting for the price to go back to $25k which has didn't happen. Which is slightly opposite to what he said in the last sentence. In my opinion, if you believe that holding Bitcoin for years was a good decision because price will be possibly reach its ATH then there's nothing wrong to invest early than $25k. It hurts to be left behind by the market that you waited for so long. So in order to avoid that scenario, I would suggest to diversify your capital and buy a portion of your capital everytime the price goes down.

That is why I do not care about 27k or 25k as well. I mean I am going to hold this for many years, probably over a decade which means that I shouldn't really care about what's going on and that should be fine. I get that not many people think about it the same way and maybe we are going to end up with something that will be a lot more dangerous in the long run if we keep on waiting to buy.

So they should buy it if the idea is to hold it for a long time, do not keep waiting, the difference will be huge when the price is high but also you could be too late and then the difference will be huge in that case as well. I would rather see the price increase like crazy during the same period so that we could move on and I would buy right away to be ready for that.

Some been telling that it would be better not to look into the market or simply with those charts if you are someone who really going for long term on which you would really be that possibly be affected with those market

movement which might cause for you to alter out your goals or targets which you should be holding for too long.Its true that price movement wouldnt really be an issue if you are really that serious on sticking into your goal. This market would really be involving with lots of ups and downs on which each one of us does have their own takings or approach on how to deal up with this volatility. Holding level would really be
depending on someone because not all would really be that emotionally stabled on sticking on their plans along the way.

Always set that buying and selling point and this is something that you should really be doing as an investor. It can be altered though according into your likes and preference.

[19Nov16]

Many people make mistakes when investing in bitcoin, when they see the price drop they panic and sell, most people can't wait to hold it so when the price rises they regret it, or conversely many people are too optimistic that the price will continue to rise and what happens is the price drops, it's better if we have to set a target for profit so it doesn't take too long to hold.