Holding for long might not be the best option.

[Pi-network314159]

There has been several occasions of people saying buy and hold without consedring the negative effect it has impacted on many people live. Lets take for instance, when bitcoin was at ATH of about $69k somany people bought at same price expecting it to hit $100k and above while some baugh at the price when it was 40, 50, $60k conservatively. When it was going down to even $20k people keep on holding. Now it's about 2 years since bitcoin fell and never meet up with the price they baught. And they are hoping it comes back after losing huge amount of money. New investors are are taking advages of it while the old investors are regretting.

So I sudjest sometimes if the market is going down beyond bearable measures, there is need to swap your BTC to USDT to keep your capital safe in other to buy back when it is going up to avoid loosing some huge amount of money.

So what's your sudjestion on this.

[1714991255]

1714991255

[1714991255]

1714991255

[1714991255]

1714991255

[1714991255]

1714991255

[1714991255]

1714991255

[Oshosondy]

Wait for some months and bitcoin will reach all-time-high. That would likely be in 2024/2025.

For those that wants to invest in bitcoin, they should make research about it and study the historical chart of bitcoin, halving and how the price of bitcoin may go up after halving.

But those that do not make any of such research in the past will not still regret if they are able to hold their coins and not sell.

[Jawhead999]

If we talk about long term holding, we need to see about the performance when it's still a nothing to present. The simple logic is Laszlo bought 2 pizzas with 10,000 Bitcoins in 2010, now we can buy 1800+ pizzas with 1 Bitcoins.

Yeah we can't wait Bitcoin price to back below $1K anymore, but with the scarcity and other utilities that Bitcoin has, it's really make sense for people to hold for long term.

It depends on each person perspective, if I only talk about gambling I could say just buy any random meme coins and you will double your money in a day.

[Zlantann]

There has been several occasions of people saying buy and hold without consedring the negative effect it has impacted on many people live. Lets take for instance, when bitcoin was at ATH of about $69k somany people bought at same price expecting it to hit $100k and above while some baugh at the price when it was 40, 50, $60k conservatively. When it was going down to even $20k people keep on holding. Now it's about 2 years since bitcoin fell and never meet up with the price they baught. And they are hoping it comes back after losing huge amount of money. New investors are are taking advages of it while the old investors are regretting.

So I sudjest sometimes if the market is going down beyond bearable measures, there is need to swap your BTC to USDT to keep your capital safe in other to buy back when it is going up to avoid loosing some huge amount of money.

So what's your sudjestion on this.

Bitcoin will still exceed its all-time high what I don't know is when this will happen. That's why it is vital that you focus on long-term investment rather than short-term so that you can always wait till the price gets to your target. I still reiterate that Bitcoin will get to $100k. In order to reduce the risk of keeping Bitcoin, it is advisable to use the DCA strategy to buy your coin. This investing pattern will help you spread the risk of your investment because you will not suffer the same loss since you didn't buy at the same price. But OP you failed to balance your position because there are also many bitcoiners that have become millionaires because they held the coin for many years. I don't think swapping BTC for USDT is ideal because the latter is centralised so keeping it for a long time is unsafe.      

[OgNasty]

My suggestion to those who haven’t been around a long time or don’t understand WHY Bitcoin is valuable is this… Think of Bitcoin like a subscription service or a union. You pay your dues monthly (stacking coins) to be a member and in turn you get to be a Bitcoiner. When the shit hits the fan you will be protected and have the ability to spend. That’s what you’re paying for. Talking about trading to get rich is like saying you’re going to keep cancelling and signing up for Netflix to get rich. It just doesn’t work that way.

[Pi-network314159]

If we talk about long term holding, we need to see about the performance when it's still a nothing to present. The simple logic is Laszlo bought 2 pizzas with 10,000 Bitcoins in 2010, now we can buy 1800+ pizzas with 1 Bitcoins.

Jeremy Sturdivant might be in good position right now. who knows if he holds the Bitcoin in his custudy up till date.

Yeah we can't wait Bitcoin price to back below $1K anymore, but with the scarcity and other utilities that Bitcoin has, it's really make sense for people to hold for long term.

It's not possible to go below the $1k no matter how Bitcoin falls

It depends on each person perspective, if I only talk about gambling I could say just buy any random meme coins and you will double your money in a day.

Like it's easy 😀 do you think gambling is a easy?

[Jawhead999]

Jeremy Sturdivant might be in good position right now. who knows if he holds the Bitcoin in his custudy up till date.

Nope, he sold the 10,000 Bitcoins for $400

Sturdivant sold his 10,000 bitcoins for approximately $400.

It's not possible to go below the $1k no matter how Bitcoin falls

Correct, but there's a possibility Bitcoin price will reach $1 Million or more. We might not make 5 Millions% ROI, since I trust Bitcoin I believe Bitcoin is still the most promising and safest asset since mass adoption not yet achieved.

Like it's easy 😀 do you think gambling is a easy?

It was a sarcasm, only dumb people gamble to earn money, however this discussion should be in gambling board.

[Blitzboy]

For many, the "HODL" mantra has been both good and bad. It fits with the Stoic idea of "weathering the storm of volatility," but its not always the smartest thing to do financially. The emotional ups and downs from the high of $69k to the low of $20k show how unpredictable the market is. A fluid plan is important, in my opinion.

Definitely, if the market keeps going down, it makes sense to protect your gains by switching to a stablecoin like USDT. Its about finding a balance between the hope of a recovery and the harsh truth of market trends. Your idea makes room for a plan that needs both alertness and quickness.

I believe that you should always have a way to get out of something. Not only do you need to know when to enter, you also need to know when to leave, even if only for a short time. Its not about selling in a hurry; its about keeping your money safe in case of a big drop. There might be a halfway ground between people who are HODLing and people who sell as soon as they see trouble coming.

[livingfree]

When you hear or read people suggest to buy, it is because that's based on our experience that the price no matter what happens will eventually recover and rise.

Now, those that are in the phase of regretting and didn't managed to maximize the situation especially during the bear market. The lesson is there and all you need to do is to think of what you can do right now with that.

If you buy at this rate, the same scenario you're going to think of it and have your mind stress with the same thoughts.

The important matter to be learned here is, how long you are willing to stay on this market? Because no matter what price targets you have, the market is going to continue and it is no other direction to go but to go up and increase its demand as year pass by.

IMO, holding is still the best choice.

[KiaKia]

There has been several occasions of people saying buy and hold without consedring the negative effect it has impacted on many people live. Lets take for instance, when bitcoin was at ATH of about $69k somany people bought at same price expecting it to hit $100k and above while some baugh at the price when it was 40, 50, $60k conservatively. When it was going down to even $20k people keep on holding. Now it's about 2 years since bitcoin fell and never meet up with the price they baught. And they are hoping it comes back after losing huge amount of money. New investors are are taking advages of it while the old investors are regretting.

So I sudjest sometimes if the market is going down beyond bearable measures, there is need to swap your BTC to USDT to keep your capital safe in other to buy back when it is going up to avoid loosing some huge amount of money.

So what's your sudjestion on this.

This is a lame excuse, holding is still the best option.

Before you start buying any assets even if it's not Bitcoin you need to know when to buy, you can't always buy when the market is fully in green, where many are already waiting to dump on new comers like you, lack of knowledge is what's affecting you right now, open your eyes.

The best time to buy any assets is when no one have interest in them, you want to get there when many people are getting out and don't want to buy, that's why we all target the bear market as this thing is when panic and bad news take over the space, it's also when Bitcoin hits a new lower price, this is where you should be buying.

Those who bought at the top have no clue about Bitcoin or they believe that Bitcoin was going to $150,000 or $1000000 like some people are speculating in 2021, this made some people jumped into the market, lack of knowledge will make many people to repeat the same mistake in 2024. Learn to understand how the market moves or risk becoming one of those people.

[blckhawk]

What do you mean by long though? What is the timespan that you're talking about that you consider to be long? Because time is relative for anyone and our definition long is a variation so I just want to ask the specific length of time. Maybe this kind of mindset of being afraid to hold your bitcoin for a long period of time is probably rooted in the fact that they're probably too focused on their bitcoin investment in that they don't have any other means to make money so they try to get profit at a short-term to sustain their daily needs.

My suggestion to those who haven’t been around a long time or don’t understand WHY Bitcoin is valuable is this… Think of Bitcoin like a subscription service or a union. You pay your dues monthly (stacking coins) to be a member and in turn you get to be a Bitcoiner. When the shit hits the fan you will be protected and have the ability to spend. That’s what you’re paying for. Talking about trading to get rich is like saying you’re going to keep cancelling and signing up for Netflix to get rich. It just doesn’t work that way.

I would agree with you about the union part though, your contributions will eventually pay off because you know that they're going to have your back. Subscription though, I feel like that's not how bitcoin is, subscription doesn't imply that you're going to get anything back out of your subscription fees from that services, bitcoin is more akin to a doomsday prepper saving tons and tons of salt, it might look stupid now but when everyone has a bland meal when the apocalypse happens, salt will be worth more than gold.

[Lucius]

~snip~
So I sudjest sometimes if the market is going down beyond bearable measures, there is need to swap your BTC to USDT to keep your capital safe in other to buy back when it is going up to avoid loosing some huge amount of money.

Do you really think it is safe to sell BTC for these so-called stablecoins, if it is a known fact that most of the so-called stablecoins can be frozen/seized regardless of the wallet it is in? What you advise is only part of your problem, because if you don't want to have BTC anymore, sell it for fiat and turn it into cash as soon as possible.

So what's your sudjestion on this.

I advise that all those who have elementary problems with finance and mathematics first learn the basics, and only then get involved in serious matters. Every investment is a serious matter, not some child's game in which a small amount of money magically turns into a big pile, and all this while you sit in front of the computer and do almost nothing.

By the way, it is correct to say suggestion.

[Pi-network314159]

There has been several occasions of people saying buy and hold without consedring the negative effect it has impacted on many people live. Lets take for instance, when bitcoin was at ATH of about $69k somany people bought at same price expecting it to hit $100k and above while some baugh at the price when it was 40, 50, $60k conservatively. When it was going down to even $20k people keep on holding. Now it's about 2 years since bitcoin fell and never meet up with the price they baught. And they are hoping it comes back after losing huge amount of money. New investors are are taking advages of it while the old investors are regretting.

So I sudjest sometimes if the market is going down beyond bearable measures, there is need to swap your BTC to USDT to keep your capital safe in other to buy back when it is going up to avoid loosing some huge amount of money.
 

So what's your sudjestion on this.

This is a lame excuse, holding is still the best option.

Before you start buying any assets even if it's not Bitcoin you need to know when to buy, you can't always buy when the market is fully in green, where many are already waiting to dump on new comers like you, lack of knowledge is what's affecting you right now, open your eyes.

Consedring the volatility of bitcoin and how expert explain BTC future, do you still believe in buying when it's deep or keep on a accumating? Because judging from your statement you are talking of trading. It's only a trader that always invest ehen the market is red.

Why do you called it a lame excuse if I may ask ? because my thread is base on sudjestion. I never said one should not hold, but strategy to reduce the risk of loosing more. Although my topic might give you the inpression but not what you think. Here is a place to learn not a place to abuse.

[Synchronice]

There has been several occasions of people saying buy and hold without consedring the negative effect it has impacted on many people live. Lets take for instance, when bitcoin was at ATH of about $69k somany people bought at same price expecting it to hit $100k and above while some baugh at the price when it was 40, 50, $60k conservatively. When it was going down to even $20k people keep on holding. Now it's about 2 years since bitcoin fell and never meet up with the price they baught. And they are hoping it comes back after losing huge amount of money. New investors are are taking advages of it while the old investors are regretting.

So I sudjest sometimes if the market is going down beyond bearable measures, there is need to swap your BTC to USDT to keep your capital safe in other to buy back when it is going up to avoid loosing some huge amount of money.

So what's your sudjestion on this.

You proved with your post that long-term holding is the best option. It's funny how you really proved the opposite of your opinion with your arguments.
69K USD was a bubble, right? When you buy during the moment when bubble is about to explode, this is your fault but long-term, it's not really a fault that costs you a lot. There is a halving in less than a year, what do you think, won't it reach 100K and higher? It will, I am 100% confident about that. While my confidence doesn't drive price, there are many reasons why it will happen and the blackrock's involvement in it is a huge drive alone, price went rom 26K to 36K and it's not halving yet.

[arwin100]

There has been several occasions of people saying buy and hold without consedring the negative effect it has impacted on many people live. Lets take for instance, when bitcoin was at ATH of about $69k somany people bought at same price expecting it to hit $100k and above while some baugh at the price when it was 40, 50, $60k conservatively. When it was going down to even $20k people keep on holding. Now it's about 2 years since bitcoin fell and never meet up with the price they baught. And they are hoping it comes back after losing huge amount of money. New investors are are taking advages of it while the old investors are regretting.

So I sudjest sometimes if the market is going down beyond bearable measures, there is need to swap your BTC to USDT to keep your capital safe in other to buy back when it is going up to avoid loosing some huge amount of money.

So what's your sudjestion on this.

It may not be an option for you or to other people especially if the amount they hold is just small since they can only get low profit for doing that. Unlike if you have huge balance at stake for sure once there's a bull run will came at projected figures will get hit then for sure with that you can earn a lot for holding your bitcoins for long months or even years. If you only have small fraction of bitcoin them maybe try to multiply it so that on next time that there's same event like the Bull run speculated by other people we can participate and have a good earnings when new set of price has been hit. Also we need to understand the market that there's no always up with it and we should learn how to secure our profit once price of bitcoin reach for its new ATH recorded. Since if we came late for sure we will just end up picking up some small pieces while bitcoin is starting dump.

[EarnOnVictor]

Lets take for instance, when bitcoin was at ATH of about $69k somany people bought at same price expecting it to hit $100k and above while some baugh at the price when it was 40, 50, $60k conservatively. When it was going down to even $20k people keep on holding. Now it's about 2 years since bitcoin fell and never meet up with the price they baught. And they are hoping it comes back after losing huge amount of money. New investors are are taking advages of it while the old investors are regretting.

So I sudjest sometimes if the market is going down beyond bearable measures, there is need to swap your BTC to USDT to keep your capital safe in other to buy back when it is going up to avoid loosing some huge amount of money.

So what's your sudjestion on this.

I must say that I share your opinion, and my resolve is that no one should be a blind investor, we should rather be speculative than be copycats that invest only based on people's sentiments. I've mentioned before on the forum what you narrated about buying at a high price and still holding, and this is not a lie that some would have still been in many losses due to this. What I see here is that people are ill-informed and are blind followers and I even saw some of them offline where they might be at a bar or at a salon discussing Bitcoin. It's in this condition some people advise others to buy Bitcoin when they themselves do not understand the coin at all but are just fortunate to have invested at the right time.

My advice is this, do not just be a blind follower, be you, learn about Bitcoin investments and know how to interpret the chart accurately. The weekly and monthly charts should be able to guide any serious speculators well, and then moving the coin to USDT/USD might be the best option during a confirmed bearish market for the traders in this category.

However, that's for those with a light Bitcoin investment plan. For the real Hodlers, they continue to hold come what may in both bearish and bullish seasons.

[bayu7adi]

Going back to the beginning, you should use an amount of money that won't ever impact your main finances. If you've been consistently using DCA and your hand is still strong, you should have achieved a low average buying price by now, right? Besides, bullish trends don't happen every day, but they will happen for sure. A new ATH will form someday, but no one knows when. Everyone hopes for good news in the next halving. Let's hope for that.

If you've made purchases at $69k and consistently buy BTC every month, have you ever bought when the price was below $20k? That would surely lower your average cost, right? Are you experiencing a 100% loss? Definitely not. Just wait and see.

[yazher]

There are more successful stories of investors from the past who bought bitcoins in its early days and reaping the fruit of their patience right now because they sold it when the price was at An all-time high. That means more people are encouraged to invest for the long term rather than making it like a gamble where they sell some of their properties and invest in bitcoins waiting for the price to rise over a short period. while this is not a totally bad idea it is too risky rather you should just invest with the money you can afford to lose and let it be there until the price of bitcoins spikes again to the top.

[ImThour]

Just follow the 4-year basic cycle. You do not want to sell before August of 2025. It worked for the last 4 cycles and it will work this time too. No need to use any other calculations or buy some stupid signals. HODL is the best way one can get the most out of their Bitcoin stack. No way you can make huge profits by trading with Bitcoin. Not possible, I have tried that earlier. I am glad I was able to buy at a sweet price spot of $18k and I am already 2x my investment.

[SquirrelJulietGarden]

There has been several occasions of people saying buy and hold without consedring the negative effect it has impacted on many people live. Lets take for instance, when bitcoin was at ATH of about $69k somany people bought at same price expecting it to hit $100k and above while some baugh at the price when it was 40, 50, $60k conservatively. When it was going down to even $20k people keep on holding.

If they bought at $69,000, they must do it with reasons like they believe Bitcoin will make a new all time high, higher than $69,000. If they hold, they must have reasons to hold it.

The challenge for them is now, in 2023 and only 6 months till halving, do they still have same belief and reasons to continue holding their bitcoin?

If their belief is the same like 2 years ago, they don't have painful feeling now. If you can not hold, you can not get rich but it is not enough. To hold and get rich successfully, an investor must pick a correct asset. It is not correct choice if they pick altcoins but it's very smart and correct choice to pick Bitcoin.