Know your time to HOLD

[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.

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[Sebas.tian]

Bitcoin HODLing for years can not be a lost affair.

I agree with you OP, because the more you hold your Bitcoin the more you know that you don't need to miss your opportunity when the price increase higher to the level when you sell you can get double income at the moment from your investment. Based on some of the potential results holders got from long years holding has made many holders to apply such strategy in this season, so that they will be able to achieve something good before the end of this year. I think, this is the time to hold your Bitcoin, because the price is still moving between $26,000 and $27,000 which is a sign that bullish season is very close to investors to smile again.

[bestcoins1]

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.

I think that kind of thing is not a mistake, because from what you say it only leads to someone's patience in holding and also in waiting for the price he wants. This means that everyone can benefit after buying at the price they want and then holding it until the price he has targeted is reached, if the price he wants has not been reached, that's when he must be patient in holding it until the next price increase occurs in the market.

But for every investor who likes to invest in Bitcoin, I think they all have a greater level of patience because most of them always make their investments in the long term and it won't be a problem for them if they have to wait a long time for a the price they want on their investment.

[Paul Pogba]

I think the best strategy when looking at dump prices is to be patient and hold, if we can hold for at least 4 years then the opportunity to get big profits can occur, because the bitcoin trend is usually rising or skyrocketing in price every 4 years.

[savetheFORUM]

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.

It's not possible to get a perfect time for buying, the current price is pretty good but it can get better, so the best possible way is to do DCA so that you don't need to regret it later if the price drops further. If you are doing DCA, you will always have some funds remaining to buy if the price drops more from where you've bought previously.

Even if the price doesn't fall from when you bought it, you will still not be in a bad situation since you will have bought some already when the price was better. Remember, never do upward DCA which means you shouldn't buy when the price is going up.

[kesmex]

holding Bitcoin in 2023 is really very frustrating for us, because it is a dump and prices always fall,
but this is a good opportunity for those who have capital, because HOLD for the long term is very good.

[DiMarxist]

That is why they said invest in what you can afford to lose, you can invest any time, you can buy any time, but the secret is, be a great holder and patience, even this present price is good to invest, because the price will rise again, and the DCA pattern strategies, that is good to apply,  this is directly, is to hold for long and DCA till the next bull run. when the price of bitcoin drops,it is a good time to increase DCA buying and return to normal when the price is out of limit or start to recovery and the long term holder enjoy. Investing is a job, and like any job, it requires practice, skill development, and constant training.

[Ojima-ojo]

holding Bitcoin in 2023 is very frustrating for us because it is a dump and prices always fall,
but this is a good opportunity for those who have capital because HOLD for the long term is very good.

This is the truth, 2022-2023 have not really been a favourable year for most bitcoin holders who bought at the previous all high prices, but for those who have been waiting for the price to drop so that they can buy at a discount price.


So this is the best time to buy more bitcoin at a discount price but for those short-term investors who are waiting for the price to rise above its present price to sell are finding this year and time as the most discouraging year for them.

[milewilda]

holding Bitcoin in 2023 is very frustrating for us because it is a dump and prices always fall,
but this is a good opportunity for those who have capital because HOLD for the long term is very good.

This is the truth, 2022-2023 have not really been a favourable year for most bitcoin holders who bought at the previous all high prices, but for those who have been waiting for the price to drop so that they can buy at a discount price.


So this is the best time to buy more bitcoin at a discount price but for those short-term investors who are waiting for the price to rise above its present price to sell are finding this year and time as the most discouraging year for them.

Those are just paper loss as long you dont close up your position then its not really considered to be a total lost. It would really be just requiring that kind of emotion control of course and discipline whether you would really be sticking into your target or goal. If you do accumulate cheaper coins for long term runs then this is indeed the best time.We might not able to see 20k+ price as we are already heading on next years bull run
or halving event which you would really be leaving yourself again with the train. Always bare up on your mind that the best time to buy is on where people is really on extreme fear or being doubtful.
When bull kicks in then this is where fomo would happen once again and would be starting to regret that they should have bag more on the time that it was still cheap.
Dont let yourself to be those people who do miss out lots of opportunities to make profits when the time comes.

[STT]

25k target should be not fixed like its an unmoving signpost for direction.   Remember we are talking dollars in the price, its crypto but also FIAT value is mixed into that price so its a jugglers dilemma nothing is fixed here its all actively changing everyday.   The Dollar has no fixed value, its greatly in demand perhaps but everyday for some time now its lost value and so prices cant be considered to be absolute not accurate especially over years and recently inflation has been double figures so up your expectation to volatility, to the flow rate of alterations of all kinds of price even in crypto.

[benalexis12]

You should first know whether you are a long-term investor or a short-term investor. So that's not what you're saying, imagine entering this industry without even knowing what you're investing in.
If you have done research on bitcoin first, for sure you will not feel impatience or impatience, for sure you have an idea that the value of Bitcoin is volatile and this is where you know that the answer to your complaints and grievances that you feel should be answered. too.

[kro55]

holding Bitcoin in 2023 is very frustrating for us because it is a dump and prices always fall,
but this is a good opportunity for those who have capital because HOLD for the long term is very good.

This is the truth, 2022-2023 have not really been a favourable year for most bitcoin holders who bought at the previous all high prices, but for those who have been waiting for the price to drop so that they can buy at a discount price.

That's the difference between an investor with a clear strategy and plan versus an unprepared investor who just wants to get rich quickly. Honestly, 2022 and this year have been great, and I wish it had even lasted longer than people expected. An early rise in bitcoin prices won't do you any good if you don't have a lot of bitcoins, while if the bear season lasts, you'll have plenty of time to buy bitcoin at an affordable price.

So this is the best time to buy more bitcoin at a discount price but for those short-term investors who are waiting for the price to rise above its present price to sell are finding this year and time as the most discouraging year for them.

If they get discouraged, that's our chance, when the market is scared that's when we're greedy. I would be happy if someone sold their bitcoin at a highly discounted price.

[JoyMarsha]

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.

 

When someone moves into Bitcoin investment with the aim to make money quickly, it will end up disappointing the person because that person doesn't understand its mechanism surrounding it. That is what has happened to you. You started investing in bitcoin with Fomo without investing in what you can afford to lose. You thought that Bitcoin is a get-rich scheme, which is not supposed to be so.

You sound too desperate with your Bitcoin investments if am to say. Try and have a lesser expectation of its price, like if you didn't invest in it at a particular time, that will not be the end of its price increase and decrease.

[kotajikikox]

You should first know whether you are a long-term investor or a short-term investor. So that's not what you're saying, imagine entering this industry without even knowing what you're investing in.
If you have done research on bitcoin first, for sure you will not feel impatience or impatience, for sure you have an idea that the value of Bitcoin is volatile and this is where you know that the answer to your complaints and grievances that you feel should be answered. too.

before investing best to find your strategy , remember that never come to war without complete gear and Guns and Ammo because you will surely kill in action without any safeties.
this volatile market is a fool killer so never be a fool investors or traders.
we have seen so much drama from those newly enters here but knows nothing and the ending? they are losers.

25k target should be not fixed like its an unmoving signpost for direction.   Remember we are talking dollars in the price, its crypto but also FIAT value is mixed into that price so its a jugglers dilemma nothing is fixed here its all actively changing everyday.   The Dollar has no fixed value, its greatly in demand perhaps but everyday for some time now its lost value and so prices cant be considered to be absolute not accurate especially over years and recently inflation has been double figures so up your expectation to volatility, to the flow rate of alterations of all kinds of price even in crypto.

I always have target , from my buying point and my selling point , this is how I managed to win over the years , and also I am not greedy as I only looking for small but at least safe position .

[Smack That Ace]

So this is the best time to buy more bitcoin at a discount price but for those short-term investors who are waiting for the price to rise above its present price to sell are finding this year and time as the most discouraging year for them.

If they get discouraged, that's our chance, when the market is scared that's when we're greedy. I would be happy if someone sold their bitcoin at a highly discounted price.

It sounds pretty harsh, but you are right because the market is the battlefield, and the weaker will be the loser. This is the rule of any financial playground, if you pity others, it means you choose the loss for yourself and give the victory to others. And that's also the way whales have used for years to profit from us, they make us frustrated and impatient, and make bad decisions that cost us, but very beneficial to them. I have no advice for OP because it's a fight, if he is not well prepared and greedy, he will pay the price.

[Weawant]

I agree with you OP, because the more you hold your Bitcoin the more you know that you don't need to miss your opportunity when the price increase higher to the level when you sell you can get double income at the moment from your investment. Based on some of the potential results holders got from long years holding has made many holders to apply such strategy in this season, so that they will be able to achieve something good before the end of this year. I think, this is the time to hold your Bitcoin, because the price is still moving between $26,000 and $27,000 which is a sign that bullish season is very close to investors to smile again.

No that's not a sign of a bull market, it's a sign that more corrections might happen, Bitcoin was trading above $30,000 just some weeks ago and now it's trading at $27,000. If we break the $25,000 support, the price of Bitcoin would fall and take us close to $20,000 or lower.

If you have be holding since the start of the bear market then you should continue holding as you wouldn't make any profit selling now instead you will make losses. Bitcoin will trade high in the future so we have to be  accumulating now that the price is low.

If you bought the last dip and you're planning on taking profits, you can do that when the price of bitcoin is at $27,000 and want to reenter the market when the price of Bitcoin is trading at $25,000.

[Dr.Bitcoin_Strange]

Bitcoin HODLing for years can not be a lost affair

You said it all, @call_me_guru. If you know you are going to hold your Bitcoin for a long time, then you can use dollar cost averaging (DCA), as you have always received suggestions about it from other members.

Although June first is right on the Conner, and Bitcoin is likely or maybe unlikely to pump, you can't predict the market, so perhaps if you see Bitcoin trading for $35k or $40k in the months of June, you can basically buy that day based on the decision you have taken, but you will blame yourself for not buying earlier when the price was still below $30k. Although it doesn't really matter since you will be holding for a long time, how long will you hold if you buy at a high rate? Remember that the next halving is in 2028 after the , so you will need to hold your Bitcoin until you have made the desired profit you expect to make.

I am not saying that to trigger the fear of missing out in you, but I am just making my own speculations as well. You can decide to buy gradually with DCA until you first buy at the price you see and based on what you want.

[naikturun]

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

Long-term holding of Bitcoin or other cryptocurrencies is often considered a more conservative and potentially profitable approach, as it allows investors to benefit from potential long-term growth and the overall upward trajectory of the market. However, it's important to note that even long-term holding carries risks, as the cryptocurrency market can experience significant fluctuations.

[Velemir Sava]

If i am seen, Your determination to make money is evident, but you also recognize the need to balance between determination and desperation because Impatience is growing because the price has not yet reached your desired threshold of $25,000. You've turned on the July 1st time light, willing to buy Bitcoin at any price.

Yes. Holding Bitcoin for years is generally seen as a profitable long-term investment strategy. While short-term fluctuations can be discouraging, many believe the potential gains outweigh the risks.

[Nwada001]

Long-term holding of Bitcoin or other cryptocurrencies is often considered a more conservative and potentially profitable approach, as it allows investors to benefit from potential long-term growth and the overall upward trajectory of the market. However, it's important to note that even long-term holding carries risks, as the cryptocurrency market can experience significant fluctuations.

Not all coins are worth holding for the long term. When we want to choose coins that we plan to hold for the long term, we should consider our choices carefully. That's why most people's choice of investment has always been Bitcoin because it has a higher possibility of not completely liquidating your assets. What I mean is that investing in and holding most altcoins that might look promising and worth holding to the eyes can actually turn out to be wasteful holdings at the end of the holding period, as a result of the coin losing value and sometimes getting delisted on exchanges where they are actually trading. So to me, aside from Bitcoin, we should think carefully about the kind of coins we want to add to our portfolio.