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.

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.

Yea with this your analysis I think you are correct. But it will only take time to achieve that.

[legendbtc]

So what's your sudjestion on this.

This depends on each person, there will be people who will accept to cut losses at a certain price if the price drops beyond what they think, and then they can also look for a more suitable price to buy back to optimize their portfolio. But there are also those who accept long-term holding and continue DCA every time the price drops deeper. I think any option is reasonable depending on each person's plan and the amount of capital they have.

[btc78]

this is what bugs most investors

a lot just wants to hop on the trend while some wants to get off of it as soon as possible once they see the price drop even a little bit

what’s the most important is to gain knowledge read and learn about how a market works, when to enter and when to exit, what are good indicators of bull or bear markets you have to be early in buying but not too late when selling

never be filled with emotions when investing you might suddenly buy a coin once you see it gaining value because of fomo but then once it drops you hold on to it for too long but never reaches the value you bought it for this might be the case for altcoins but since you used bitcoin as an example just look at bitcoin’s history and the cycle that it has followed for years now

[SOKO-DEKE]

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.

Everything that has advantages also has disadvantages, and the truth about anything someone wants to do And that is why we need knowledge to know more about their advantages and disadvantages. As for me, after my research, I think that holding Bitcoin for a long period of time is more advantageous than disadvantageous, and when they talk of holding Bitcoin for a long period of time, I don't think they are suggesting just hodling it for less than four years before halving, which always occurs every four years. I believe when they suggest holding for a long period of time, they are suggesting holding for more than four years so you can witness one more bull run.
 
Assuming you have been holding Bitcoin for over 12 years now, will you be making a good profit or not? Surely you will make a good profit. So when you hear people say hold for a long time, it does not mean years short, like two or three or less. You need to do your research and know the reason why they are saying that. The bull run is among the reasons why people are suggesting that holding Bitcoin for a long period is the best because that is when the price always moves higher.The bitcoin market is unpredictable, and the timing market sometimes will never pay because of the price fluctuating. Are you telling me that when the price is going up, we should buy, and when it comes down, we should always sell? That can even make you continue losing your money. What makes some people think of converting their Bitcoin into USDT is when they are panicking because they invested what they couldn't afford to lose but when you invested what you can afford to lose I don't you be that panicking.
 

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.

The bitcoin market is unpredictable, and the timing market sometimes will never pay because of the price fluctuating. Are you telling me that when the price is going up, we should buy, and when it comes down, we should always sell? That can even make you continue losing your money. What makes some people think of converting their Bitcoin into USDT is when they are panicking because they invested what they couldn't afford to lose but when you invested what you can afford to lose I don't you be that panicking.
 

[Samlucky O]

So what's your sudjestion on this.

I sudjest no matter what, you still need to hold your coin. many people have already started the reason behind what would make you hold. When talking about bitcoin holding, we presume a long tern of about 10years or more.

If you have money just continue buying bitcoin. So that you will recover when it's get to ATH or more

[letteredhub]

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 what's your sudjestion on this.

Did you know in the evolution of bitcoin it was worth next to nothing bitcoin value started at less than a dollar but today we have it currently at +36k with a $69k ATH,. What's giving you the fears that it won't go above the ATH again. Did you think the price got from nothing to $69k within an hour, a  day or week? No! It took years with variations of historical prices in each year and the classical way to make profits is by holding long and accumulating with each dip, for with the institutional adoption and utility bitcoin has its impossible for it to go zero like a shitcoin.

[libert19]

I've been there, albeit in alts, had it been btc I wouldn't regret it as much. In previous bull markets I held alts for too long that either they went dead or significantly down to never recover again to their previous heights.

What I said happens with alts and not with BTC that's good thing about it.

[Text]

Hindsight is 20/20. Predicting the market is a tricky game, and everyone's got their own strategy. While some may swear by the HODL mantra, others prefer playing it safe with strategic moves like swapping to stablecoins when the market gets rocky. It's all about finding the balance that suits your risk tolerance and financial goals. As a Bitcoin believer, I consider it a good long-term investment for being well-established and has support from the community.

As for gambling, I don’t view Bitcoin investment as a form of gambling, well, easy come, easy go, right?

[michellee]

Each person has a plan. If there are investors who have bought Bitcoin at $69k, they may have bought it because they were in a hurry to see the price of Bitcoin increasing rapidly. They buy it because they don't want to be late in taking profits. But unfortunately, they were too late because the price decreased and was at its lowest price.

However, some investors sell their Bitcoin when the price starts to decline and wait for the right moment to buy Bitcoin again. They will usually wait until the price of Bitcoin reaches its lowest price. Maybe they are just guessing where the lowest price is. And most people start investing in Bitcoin when the price starts to move up. Maybe more people will start investing in Bitcoin when the price reaches $50k.

Even though they had been given the opportunity to buy Bitcoin since the price was at $15k-$17k, but they didn't start buying it because they were still worried that the price would fall further. But when the price was at $20k-$28k, they didn't buy it and even now, they haven't started buying Bitcoin. So far, holding Bitcoin for the long term is still working well. We have seen it happen and it has provided huge profits for many people who have made Bitcoin their long-term investment.

[lombok]

So what's your sudjestion on this.

This depends on each person, there will be people who will accept to cut losses at a certain price if the price drops beyond what they think, and then they can also look for a more suitable price to buy back to optimize their portfolio. But there are also those who accept long-term holding and continue DCA every time the price drops deeper. I think any option is reasonable depending on each person's plan and the amount of capital they have.

Correct. We don't know what everyone thinks, if someone deliberately buys Bitcoin every month and at any price with long-term investment goals, it doesn't matter, he also buys using DCA every month. However, compared to cutting loss and then buying at the lower price, it is also good. This decision only they are capable of making. I myself have also bought Bitcoin at a price of $20k and then Bitcoin plunged, I didn't sell and just kept it. Then I bought again when Bitcoin was at $7k until now I am still get the profit

[SquirrelJulietGarden]

Correct. We don't know what everyone thinks, if someone deliberately buys Bitcoin every month and at any price with long-term investment goals, it doesn't matter, he also buys using DCA every month. However, compared to cutting loss and then buying at the lower price, it is also good. This decision only they are capable of making. I myself have also bought Bitcoin at a price of $20k and then Bitcoin plunged, I didn't sell and just kept it. Then I bought again when Bitcoin was at $7k until now I am still get the profit

If the market is going to move around all time high in a bull run, it's not good idea to DCA. I know we can not find an all time high or a bottom of each market cycle and we only know about those prices after they appear a long time. We know about all time high when bull market gone and we are in a bear market for a while. We know about a bottom when a bear market gone for a while and we are in a new bull run.

Stop DCA when you think price is too high, greed is too high and you can wait for bear market to DCA in order to maximize profit from DCA strategy. From all time high, Bitcoin usually hits its bottom after 80% correction.

[Obari]

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.

But on the contrary, I think holding and not swapping isn't a very nice idea and let's say, someone bought $100 bitcoin at the price of $65k before the price started dropping, will it still be wise to hold and watch your money get liquidated, because there is no way some one who bought $100 bitcoin at its ATH wouldn't get liquidated when the priced dropped to $16k and I think I stand with the opinion  of the op that rather than watch your funds get liquidated,  it would be be better to swap to a stable coin while watching the market so as to stay in a safe space.

What I'm trying to say is that,  the higher your capital, the safer you would be and people who suffer most are those with relatively very small amount of investment.

[lombok]

Correct. We don't know what everyone thinks, if someone deliberately buys Bitcoin every month and at any price with long-term investment goals, it doesn't matter, he also buys using DCA every month. However, compared to cutting loss and then buying at the lower price, it is also good. This decision only they are capable of making. I myself have also bought Bitcoin at a price of $20k and then Bitcoin plunged, I didn't sell and just kept it. Then I bought again when Bitcoin was at $7k until now I am still get the profit

If the market is going to move around all time high in a bull run, it's not good idea to DCA. I know we can not find an all time high or a bottom of each market cycle and we only know about those prices after they appear a long time. We know about all time high when bull market gone and we are in a bear market for a while. We know about a bottom when a bear market gone for a while and we are in a new bull run.

Stop DCA when you think price is too high, greed is too high and you can wait for bear market to DCA in order to maximize profit from DCA strategy. From all time high, Bitcoin usually hits its bottom after 80% correction.

This is a good suggestion. What I did a few years ago was a mistake, although it was still profitable because in the next bullrun circle Bitcoin was lucky to reach an ATH higher than $20K. DCA during Bitcoin's bearish period feels more effective and optimal, it's just a matter of waiting and thinking, whoever is able will get the benefits.

[Natalim]

I buy and hold but never I say forever as it can be done when there is a good opportunity.

Indeed, it was not necessary to hold for many years but rather take the chance to sell if there was one. It definitely depends on our way of investing but I see that those who are very active in the market seem making a huge profit rather than those who are holding long-term. Besides, we can make a good play with the market volatility as even if the ATH doesn't come again, we have made money already.

[Latviand]

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.

That's not something I will not dispute and never have I agreed on something this much because of how correct it is and it's simplifying the explanation as to why bitcoin's the best investment. I would probably be using these phrase or the idea of it to explain why bitcoin is a good investment to be had.

I've been there, albeit in alts, had it been btc I wouldn't regret it as much. In previous bull markets I held alts for too long that either they went dead or significantly down to never recover again to their previous heights.

What I said happens with alts and not with BTC that's good thing about it.

The problem with altcoins is the fact that most of them are mostly riding on the hype that bitcoin generates so when bitcoin starts to ease out of it's bullrun, most altcoins go down with it at a much worse kind since they've got more people invested in it hoping that the price would continue to go up.

[Adams0001]

this is what bugs most investors

a lot just wants to hop on the trend while some wants to get off of it as soon as possible once they see the price drop even a little bit

what’s the most important is to gain knowledge read and learn about how a market works, when to enter and when to exit, what are good indicators of bull or bear markets you have to be early in buying but not too late when selling

never be filled with emotions when investing you might suddenly buy a coin once you see it gaining value because of fomo but then once it drops you hold on to it for too long but never reaches the value you bought it for this might be the case for altcoins but since you used bitcoin as an example just look at bitcoin’s history and the cycle that it has followed for years now

Exactly, some people are afraid to hold Bitcoin for a long time because they don't want to lose money and you most likely will if you want to succeed on investment and you need to be patient again, if bitcoin drop is an advantage for the people who did not invest early so that they will invest and get profit don't sell your coin when you see the price drop a little he will definitely raise again, That is why they want people to invest for the long term rather than the short term because if you invest for the short term, you will not make a large profit or lose money. That is why, before you start your investment journey, you should do some research about it so that if you start, he won't give you too many worries because you have knowledge on it, you should get enough ideas about bitcoin before you start investing your fund on it so that you won't be complaining even if the price is high or low you can invest small money on it because you don't know when the price will drop and invest large, so don't waste the opportunity you have anytime is the ideal moment to buy in bitcoin because it is volatile.

[Crypto Library]

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.

That's why I think that before investing the investors and those who give suggestions need to have some basic knowledge. Those who will hold or invest for long term must also follow that they should find dip to buy and wait to sell at high. Moreover, holding or investing for the long term does not necessarily mean making a huge amount of bitcoin investment at once.
For this one should initially adopt a DCA strategy and then invest a certain amount of bitcoins over a period of time. Through this, the possibility of risk of loss in investment can be reduced. Moreover, if you think that Bitcoin will not touch its all-time high price again, you are wrong.  It is 100% sure that bitcoin will definitely cross its all-time high price again.  So I think if you are going to lose by selling bitcoin at low price then I think holding is better than selling.  I myself invested when I had 60k+ bitcoins and still holding it.

[AicecreaME]

<...>
So what's your sudjestion on this.

Don't buy at the top.

Don't buy just because of FOMO (fear of missing out), that's why many investors are waiting for too long because they bought at the peak price. And they never lose any money while waiting, their Bitcoin stays in their wallet, but the price is not the same, so technically, if they wait for the next bull run, they will make a huge profit if they have a big patient as well, simple as that.

[kryptqnick]

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.

The main mistake here is buying at or near an ATH, not hodling afterwards. People often make this mistake, and it is unfortunate that they do. It's just that Bitcoin gets way more attention when it's on the bull run, and FOMO is a big feeling that can motivate serious errors of judgement. So, instead of buying at ATH, a person can simply wait for a lengthy bear market to make an investment. But if someone has already bought Bitcoin at ATH, I think it's better to keep hodling till Bitcoin finally recovers and gets even higher (but be prepared that it can take several years) than to sell at a loss.

[Peanutswar]

If you manage to buy at the lowest price of the bitcoin like $3k last time of 2019 and hold it last ATH I guess those are worth it times and now the price has a bottom of 25k$ and we know halving is coming to another wave of ATH will get there but again it's not just a straight forward we reach the bitcoins top at the end of the day is still there's some sideways, fluctuate of the market and other factor reason why it considers to have a selling pressure now it now depends on the person who deals with it because if they make a short trade for profit nothing wrong or holding long term or could do both as long as they get satisfies with their earnings.