Are you tired of waiting for the jump? Pls Hodl

[Kryptowerk]

This is not the first time bitcoin is experiencing price drop, it only needs few time; months or years to correct and hit another ATH. Few years back many investors took the loss and cashed out their money, believing that bitcoin settled for lesser price. Don't be in such a hurry to move out your investment; bitcoin is falling in price so that it can rise up again. Below is a tweet of a bitcoin investor 12 years ago, that should encourage people to hodl and hope for the best in the market. I know some will never sell, when it hits a high price, but for profits purposes there's no gain in withdrawing an investment now that the price is below or slightly above the amount you bought in the market. Unless you depend on the funds for survival or for other important dispute, keep holding on. Tom only had to wait for 6 years to meet the 2017 pump; a long time indeed! Isn't the wait worth it?



Photo @Rizzo

One image can speak louder than 1000 words. (even though this image contains words)

I really enjoy your reference. I guess millions of people have "suffered" from similar thinking and actions.

It's generally the same story:
- you are in Bitcoin for quick gains and get cold hands as soon as things don't pan out the way you imagined. Because you don't understand the tech, you are likely to become a victim of buy-high-sell-low-action.
- you came here because you swallowed the orange pill. You are intrigued by the technology, you are intrigued by how the fiat world used to fool you and by how Bitcoin can help us overcome the dependency on central institutions, including banks and governments. You will hodl and stay relaxed when Bitcoin drops by 66% for the second time within a year.

To sum things up, try to get really educated about Bitcoin. Education is key to not lose your money because of stupid, uninformed decision-making.

[1714962972]

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[BITCOIN4X]

I should at least be content with mixed feelings as I become a long term bitcoin holder. Most people think we can do it without any problems and as smooth as a highway, but the fact is that there are many obstacles and challenges that must be passed so that one goal is achieved.

I've been in the market many years now, at least since 2018. So I know how all these processes work and we should be able to manage all of this well. There have been a lot of chasms along the way, even we had to survive the fury of FUD that hit the market, while some panic has fueled the flames to make the price dump sometime badly. If we persist and ignore everything, then there will definitely be a worth it return from it. Buy and hold, it is the most sound advice.

[Inwestour]

Would love to do the same if I have enough money to use for hodling but I can't afford to do this so I guess the only thing we can for now is to continue trade it or find another source to gain profit out of our bitcoins have. To many good stories like that happen in the past and I also think it will still happen in future since we don't see yet the full potential of bitcoin since there are so many things to grow especially that its tecnology has been slowly noticed by many institutional investors across the globe.

That phrase "I can't afford it" is not a good habit and should be removed from your vocabulary. You can start with a small amount, or if you are good at trading, then you can hold the earned bitcoins. Trading may not always bring the same good results, but those bitcoins that you store in a cold wallet will not go anywhere, it will be your long-term investment, in something more, which we find it difficult to believe now.

[LogitechMouse]

~
Isn't the wait worth it?

I just hope that the person behind that tweet is still Ok after his decision of selling at a loss more than a decade ago.
Well, I guess he moved on from it already like what other Bitcoin early adopters did when they also sold their Bitcoin holders very early.

Being patient is very easy to say, but TBH it's very hard to apply especially when it comes to investing. There will always be times where you will be tempted to sell your holdings especially when you see that your holdings is up double-digit percentage already. I've already experienced it numerous times, and the last bull run in 2021 tested my patience. I held all of my holdings in crypto at that time, and I've been patiently waiting, but it seems like that would've been one of my worst decisions because I might do a better job if I just sold most of my holdings at that time, and then bought last year when the bear market started.

It's always worth the wait especially if you have a target selling price. As long as you are ok with your profits, and didn't sold at a loss like the person on that tweet then it's always good.

[bitzizzix]

Everyone is waiting for a spike in the bitcoin price, but they must realize that bitcoin is very volatile and not easy to predict because the price can change suddenly and also with a long process. And don't use bitcoin as a benchmark to change something or expect quick profits and if you want to do that you have to have alternatives to bitcoin, such as investing elsewhere and also saving to get more profits, and also taking savings. when you need it the most.
invest bitcoin using money that you can afford to lose gradually take whatever happens because a decline will definitely occur due to factors we didn't know before but eventually it will rise again we can't know when it will happen, and it's only a matter of time.
So, don't take bitcoin as a yardstick and expect it to turn you into what you want to be. And before getting involved, you have to think, plan, alternative, and be ready to take risks. And you also have to have a lot of patience and believe that bitcoin will bring you huge profits at the right time even if you have to wait a long time.

[khiholangkang]

I think the we have gotten over the huge drop, it was from last year, the negative effect of FTX collapse doing some damage to the market when we bottom at $15,500. So right now, this is just a rebound from that. We even touch $31,000 around March-April if I'm not mistaken. And technically we are still in the bear market, so be ready to experience some drop or even a big one. Just like what we have seen after SEC filed a case against Binance, we thought that we will retest $23k again as $25k support has crumbled, and yet we are back to above $25k again.

So patience is the key here, or just continue to stack sats, just look for the long term perspective. For sure those who have seen the previous bear/bull cycle knows what to do and has a lot of mental toughness.

All possibilities can still happen at this time, and it seems that among us there are those who are waiting for the final decision in this binance case, and I think it will make an indicator of the next increase and decline if seen in terms of news sentiment, but in terms of previously we have almost come out of Bearish zone but then it is rejected and re-strengthened in the bearish zone which might be long enough if the fud-fud cannot be solved in the near future, technically we are currently in the bearish zone and need to reconcile prices back to try to support prices At $ 20K- $ 23K if bad news occurs.
We just need to be patient today, and don't expect too much on the jumps that surprise, Halving's journey is still long, still the Hodl Bitcoin owned, even though I know there are some people who are doubtful.

If you are a long-term holder you should know how many years you will hold the Bitcoin you bought. And you should also have a lot of patience if you do decide to hold Bitcoin. Because if you are not sure that you have long patience, you are not good for long-term investment in my opinion.

But he has been waiting for 6 years (Thomas), he should be patient and not waste the year that has passed just because he feels he is impatient because the thing he is expecting here will take a long time to happen.

Long -term is a solution, the best for the current situation, do not expect more on the price leap, the price increase works gradually and requires time to restore the situation.
Faith is the key to all success, regret will come to those who do not want to be patient with the market conditions.

[Stable090]

This is not the first time bitcoin is experiencing price drop, it only needs few time; months or years to correct and hit another ATH. Few years back many investors took the loss and cashed out their money, believing that bitcoin settled for lesser price. Don't be in such a hurry to move out your investment; bitcoin is falling in price so that it can rise up again. Below is a tweet of a bitcoin investor 12 years ago, that should encourage people to hodl and hope for the best in the market. I know some will never sell, when it hits a high price, but for profits purposes there's no gain in withdrawing an investment now that the price is below or slightly above the amount you bought in the market.

If you are new in crypto space and you don’t really understand what bitcoin is all about, or haven’t checked the history of bitcoin price are the once that will get tired of holding bitcoin, but people that have been in crypto space for long term and the have experienced different bull run and bear market, am sure they will never get tired of holding, they will even be using the opportunity of the bear market to accumulate more bitcoin and holding, people that have experienced the bull run or heard about the bull run knows that it really worth holding bitcoin.

Unless you depend on the funds for survival or for other important dispute, keep holding on.

Emergency can happen which is normal for us to sell our bitcoin if we have no choice any anymore, but when investing in bitcoin, we shouldn’t invest any amount we will be needing for survival, when making bitcoin investments, the best thing we should do is invest the extra cash we are having which we know we won’t be using for now, if you invest in bitcoin for short term, you might not make any profit, rather you will be in loss. One of the first mistake people investing in bitcoin are trying to make is trying to get rich quick from bitcoin, we should have patience when investing in bitcoin, we should be ready to hold.

[abaeze]

It's very easy to say 'hold' but difficult to tackle the hard situation specially when seen the price of BTC declining and loss Knock at the door.I have mixed reactions to this.Because I know if I can hold bitcoin for a long time then profit is definitely possible by selling at the right time but sometimes different needs and falling price of bitcoin break the patience barrier. One should hold bitcoins for long term and wait for the right time and take profit from here on.

[dimonstration]

It's very easy to say 'hold' but difficult to tackle the hard situation specially when seen the price of BTC declining and loss Knock at the door.I have mixed reactions to this.Because I know if I can hold bitcoin for a long time then profit is definitely possible by selling at the right time but sometimes different needs and falling price of bitcoin break the patience barrier. One should hold bitcoins for long term and wait for the right time and take profit from here on.

You can only feel this way if you are not confident enough on your investment. You will stop checking the price if you are confident that the coin you are holding will pump in the future. Only those not sure will always doubt in times of price dumping.

Bitcoin for example usually good for holding in long term because it’s price is already proven profitable in long term. So if the market is declining, It’s easy to hold and purchased more than selling because you are looking on the future price and not the current.

[MFahad]

The down in price is not a new thing about which investors does not know so I think that sudden decision will make you hopeless therefore try to wait during these circumstances if you have make investment in Bitcoin.

Remember that success needs your patience and if you make decision without thinking about the future, about your money and make losses then you cannot be a successful trader but instead of these activities you should forget about your investment during bear market so whenever it pumps again then you can take your precious decision.

There is no guarantee then when the market will recover back but it is guaranteed that it will surely increase one day and then those will regret who sell their bitcoin in low price so wait for the best.

[Japinat]

I should at least be content with mixed feelings as I become a long term bitcoin holder. Most people think we can do it without any problems and as smooth as a highway, but the fact is that there are many obstacles and challenges that must be passed so that one goal is achieved.

I've been in the market many years now, at least since 2018. So I know how all these processes work and we should be able to manage all of this well. There have been a lot of chasms along the way, even we had to survive the fury of FUD that hit the market, while some panic has fueled the flames to make the price dump sometime badly. If we persist and ignore everything, then there will definitely be a worth it return from it. Buy and hold, it is the most sound advice.

Being a long time hodler doesn't mean that we already passed all the rough roads and hardships, and what we have now is genuine comfort while holding our beloved gems. No, it doesn't work like that. I think that the only advantage about it being in the market for long is we now what to do especially in worse moments where most investors doesn't know what to do anymore but still, it is not a guarantee that what we're doing is always the right thing as we are still moving in puzzles along the risks entailed with us.

So, tired of waiting for the jump? I think that's not the right question.

[xSkylarx]

This is really a good motivation for those newbies that are now itchy to sell off their Bitcoins, though it is now better than before. I've seen a lot of newbies crying and murmuring on social media about the price and their losses, but right now there are only a few I've noticed. Also, Bitcoin has a proven track record; this has already happened many times, which is why others are already used to it and don't mind it. Let's just sit back, relax, and drink a beer.

[Ultegra134]

Would love to do the same if I have enough money to use for hodling but I can't afford to do this so I guess the only thing we can for now is to continue trade it or find another source to gain profit out of our bitcoins have. To many good stories like that happen in the past and I also think it will still happen in future since we don't see yet the full potential of bitcoin since there are so many things to grow especially that its tecnology has been slowly noticed by many institutional investors across the globe.

That phrase "I can't afford it" is not a good habit and should be removed from your vocabulary. You can start with a small amount, or if you are good at trading, then you can hold the earned bitcoins. Trading may not always bring the same good results, but those bitcoins that you store in a cold wallet will not go anywhere, it will be your long-term investment, in something more, which we find it difficult to believe now.

It's not as simple as it sounds. Some people don't have the budget to make continuous Bitcoin purchases, and starting as small as $30–$40 a month won't get you that far either. Thus, it's perfectly understandable that there are people who may need this sum of money at any time because they don't have any other significant savings, which renders it almost impossible to invest, let alone trade, which itself is extremely risky and requires experience that someone new doesn't possess.

Personally, I'm not bothered, and waiting is fine for me. I'm not in dire need of money, so volatility doesn't immediately affect me, as I've stopped focusing on Bitcoin's price.

[Asuspawer09]

This is not the first time bitcoin is experiencing price drop, it only needs few time; months or years to correct and hit another ATH. Few years back many investors took the loss and cashed out their money, believing that bitcoin settled for lesser price. Don't be in such a hurry to move out your investment; bitcoin is falling in price so that it can rise up again. Below is a tweet of a bitcoin investor 12 years ago, that should encourage people to hodl and hope for the best in the market. I know some will never sell, when it hits a high price, but for profits purposes there's no gain in withdrawing an investment now that the price is below or slightly above the amount you bought in the market. Unless you depend on the funds for survival or for other important dispute, keep holding on. Tom only had to wait for 6 years to meet the 2017 pump; a long time indeed! Isn't the wait worth it?



Photo @Rizzo

It's surely difficult to HODL your Bitcoin, especially at this point in the market where the price drops a high percentage, For some investors or people who doesnt have enough cash or fiat money to sustain themself they surely going to end up selling their Bitcoin investment because they just continue to lose money and at the same time they needed the money for their needs. Most investors will tell you to not invest all of your money in Bitcoin and only invest a small percentage of all of your money to avoid selling it at a loss.

The market price was still around 20k$ I don't see any reason to sell at all, and even though the market price drops again to around 15k$ I would still go to HODL I mean it's a good opportunity to buy and accumulate more Bitcoin again, I've seen it happened every time so there's no need to rush and just believe on Bitcoin next bull run, you just need a stable income to sustain your need and just let your investment sit for years until you have the opportunity.

[BitDane]

It's surely difficult to HODL your Bitcoin, especially at this point in the market where the price drops a high percentage, For some investors or people who doesnt have enough cash or fiat money to sustain themself they surely going to end up selling their Bitcoin investment because they just continue to lose money and at the same time they needed the money for their needs. Most investors will tell you to not invest all of your money in Bitcoin and only invest a small percentage of all of your money to avoid selling it at a loss.

It won't be difficult to hodl if we have faith in our decision when we invest in Bitcoin.  This crash isn't new to those who have been in the industry for some years.  We have seen way worse than this event and yet Bitcoin is able to recover and even break its ATH.

The market price was still around 20k$ I don't see any reason to sell at all, and even though the market price drops again to around 15k$ I would still go to HODL I mean it's a good opportunity to buy and accumulate more Bitcoin again, I've seen it happened every time so there's no need to rush and just believe on Bitcoin next bull run, you just need a stable income to sustain your need and just let your investment sit for years until you have the opportunity.

There is really no reason to sell at all if we are selling it at a loss.  Bitcoin industry is not about to end and possibly there will be a turn of event when Bitcoin market starts recovering and surging when it transitioned to bull market.  All we need is patience and perseverance and belief on the Bitcoin market that it will eventually  record another ATH.

[|MINER|]

If you do not take the right strategy, then there is a possibility of such losses. I myself have been bearing a big loss since the end of 2021. But since I've been with cryptocurrencies for a long time, from my own experience, I rarely feel such tiredness for money.  And I hope I can maintain the patience of holding this and I can do tweets like this later.

[Raflesia]

There must be self-awareness indeed when something like this happens so reminding one another is obviously very important for now, although in this case we cannot prevent everyone from leaving even though we are still losing money but at least we still have the conviction to continue to hold it in .
There have been many examples and there have been some who have felt sorry but indeed when something like that (came out at a loss) then indeed everything cannot be repeated and regret must exist and of course if we really don't want that to happen to ourselves then better to hold on.
Even though bitcoin is still at risk and it is possible to lose it is still there but at least with hope and seeing progress over several years, of course the best thing is to hold on for now there is no better choice than that.

[panganib999]

This is not the first time bitcoin is experiencing price drop, it only needs few time; months or years to correct and hit another ATH. Few years back many investors took the loss and cashed out their money, believing that bitcoin settled for lesser price. Don't be in such a hurry to move out your investment; bitcoin is falling in price so that it can rise up again. Below is a tweet of a bitcoin investor 12 years ago, that should encourage people to hodl and hope for the best in the market. I know some will never sell, when it hits a high price, but for profits purposes there's no gain in withdrawing an investment now that the price is below or slightly above the amount you bought in the market. Unless you depend on the funds for survival or for other important dispute, keep holding on. Tom only had to wait for 6 years to meet the 2017 pump; a long time indeed! Isn't the wait worth it?



Photo @Rizzo

One image can speak louder than 1000 words. (even though this image contains words)

I really enjoy your reference. I guess millions of people have "suffered" from similar thinking and actions.

It's generally the same story:
- you are in Bitcoin for quick gains and get cold hands as soon as things don't pan out the way you imagined. Because you don't understand the tech, you are likely to become a victim of buy-high-sell-low-action.
- you came here because you swallowed the orange pill. You are intrigued by the technology, you are intrigued by how the fiat world used to fool you and by how Bitcoin can help us overcome the dependency on central institutions, including banks and governments. You will hodl and stay relaxed when Bitcoin drops by 66% for the second time within a year.

To sum things up, try to get really educated about Bitcoin. Education is key to not lose your money because of stupid, uninformed decision-making.

To the uneducated, the sudden spikes in bitcoin's price is generally blindsiding, since it usually just takes a couple months before bitcoin reaches record breaking all-time-highs during bull runs, which is the reason why people fall for the buy-high sell-low trap. I've been there, a couple of us have been there. It's something that you come to realize as you grow in the industry.

This is not to say you can't make quick cash all the time in this industry. We have day trading to thank for that. So for those who are really looking to gain quick bucks here I suggest you go learn yourself a couple trading basics and fundamentals. And if you're on the other hand more on the HODL side of things, I suggest you follow through with it. FUD is eternal and no matter rain or shine it will always happen in the cryptocurrency industry, but the profits come to those who are patient and smart enough to know that FUD can only do so much to whittle the feelings of people.

I don't mean this supporting statement to be as inspirational cause I think we got to be a little realistic here but the reality of things is that bitcoin is cyclical, you just have to be patient.

[Ale88]

This is not the first time bitcoin is experiencing price drop, it only needs few time; months or years to correct and hit another ATH. Few years back many investors took the loss and cashed out their money, believing that bitcoin settled for lesser price. Don't be in such a hurry to move out your investment; bitcoin is falling in price so that it can rise up again. Below is a tweet of a bitcoin investor 12 years ago, that should encourage people to hodl and hope for the best in the market. I know some will never sell, when it hits a high price, but for profits purposes there's no gain in withdrawing an investment now that the price is below or slightly above the amount you bought in the market. Unless you depend on the funds for survival or for other important dispute, keep holding on. Tom only had to wait for 6 years to meet the 2017 pump; a long time indeed! Isn't the wait worth it?

I'm a hodler but I understand people who decide to sell. Waiting for years and years can take a pretty important psychological toll on some people, especially if they invested more than what they were supposed to do and now they need the money. You're if the wait is worth, well, it depends: those who sold at $60-65k for sure now are in better position than the hodlers, they had the chance to buy 2-3 times more bitcoin than what they had before. I would say that usually hodling is the best strategy but sometimes we need to understand that maybe we should also sell something, maybe like 20-30%.

[mindrust]

Bitcoin will go higher when everybody gets tired of waiting for the pump. That's the untold truth. Bitcoin may never see another ATH in the next 10 years and that's because there would still be people hodling their coins. The whales don't like that. It is because the whales don't want to make other people rich by pumping crypto. And that makes sense too. If any of you was a whale, you would do the same thing. Big fish eats little fish, that's the name of the game. Some small fish will always get away and become rich but how many of these small fish have a patience like that? I don't think many do.