Holding for long might not be the best option.

[fuguebtc]

<...>
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.

If you buy bitcoin for $69k in 2021 and sell bitcoin during the 2025 bull season for $100k, do you think that's a huge profit? Meanwhile, you have to hold for 4 years and only get back x2 accounts, do you think that is worth what we have to trade?

Investing requires knowledge and clear planning, we should not invest blindly. In investing, if we are excited when we receive profits, we should also be brave to accept losses, that is the law of finance we need to know. Therefore, if we buy at a price that is too high , we should cutloss and start over instead of holding for a long time and making a negligible profit.

[cheezcarls]

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.

Not everyone can be pleased about long term holding. It is for those who kept believing in Bitcoin for the long term no matter where the market goes.

That is what I do as I kept believing that BTC would finally break through after doing DCA for most of last year with my extra “not beer” money. I bought them somewhere between the $30k to $31k during my first 2 months and then between $19k to $23k after that.

I did not swap my BTC to USDT when things gone southward as I kept holding to it and eventually it paid off. Not all of us are lucky and fortunate about keeping our BTC for long.

I also allocate some of that to ETH as well, but I have made a bad decision for keeping it in a hot wallet that is vulnerable to hacks and ended up getting drained.

As of today BTC is about to climb to $38k so it is really parabolic right now. If the bulls cannot keep up the new support level and crashing the resistance, then most likely we would be losing momentum thus a gradual correction.

[Faisal2202]

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.

Different people have different mindsets --> Whatever happens, hold on to your Bitcoin. No doubt the context of this person is about new trends and your context is about saving money instead of losing in a downtrend. Well, that's why we use stop loss to avoid huge loss. I can't imagine the pressure and stress of those people who bought it 2 years ago at the price tag of $50k or $60k because no doubt till now they might be becoming greedy to book some of the capital while the market covers a lot (as currently it is around $38k).

I will say the same, that we should not hold onto our loss for so long and should set stop loss so that when the market goes below our expectations we would be able to save funds and could take entry again.

But the topic I mentioned above says we should hold onto our BTC while we are making profit, because currently market is going up and we might be becoming greedy here too, to book profit or seed profit which is not a good time to book because market still have a lot to grow.

[Hyphen(-)]

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.

A bitcoin investment is not a two-month or one-year investment. Long-term Bitcoin investment pays more than short-term Bitcoin investment, which is why you should use the money you are not in need of anytime soon for Bitcoin investment.

Many people invested when Bitcoin was in its early stages and got huge profits, and I am sure some of them are still holding their Bitcoin or some portion of their Bitcoin.

I understand you that people could have sold their Bitcoin when the price hit its ATH, but remember, Bitcoin has potential and the price is unpredictable, which is why they cannot know if the price is going to drop below that then, but if these same investors keep holding their Bitcoin, they will surely gain from it because of halving next year.

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 is a good suggestion for people who have little faith in Bitcoin. Although if you feel insecure with the price movement, you can sell or set a sell limit, the best thing to do is to sell some portion and keep holding some.

[Dr.Bitcoin_Strange]

OP, there are no legal advisors for Bitcoin investment; Bitcoin doesn't have a rule of investment by law, but newbies follow the steps of other experienced investors or holders of Bitcoin, and there's no way anyone (experienced Bitcoiners) will advise you to buy Bitcoin when the price is very bullish. People who bought Bitcoin when the price was $68k took a risk because they wanted to make a quick profit since they thought it would get to $100k, while they all knew that it was already a bull market, and if it shifts from the bull period, we're going to enter the bear season. So it was a risk they took, and no one would blame them for it. Experienced Bitcoiners always advise you to buy and hold. How can you know the dip? You can compare the previous ATH of Bitcoin to the current price, and since the last ATH was huge, you know that if you buy at the current price, you will make a profit in the coming bull market. Some investors, mostly newbies, land themselves into buying in the bull run while it's advised to buy in the dip.

[Cryptomultiplier]

I really would not blame a newbie for not knowing the right time to buy BTC. Or knowing how long to maintain a HODLing investment for best profit. Afterall, that's why they are called newbies in the first place.
Since there are also not so many known broadcast channels where legit crypto signals is given out,  it would be hard for new BTC investors who are so motivated, to ascertain the dip or tell the distinction between bullish and bearish seasons respectively.

Anyone investor should be left to try out their best strategies and stick with the one that pays best. This is how pro traders and whale investors are made.

[TimeTeller]

I really would not blame a newbie for not knowing the right time to buy BTC. Or knowing how long to maintain a HODLing investment for best profit. Afterall, that's why they are called newbies in the first place.
Since there are also not so many known broadcast channels where legit crypto signals is given out,  it would be hard for new BTC investors who are so motivated, to ascertain the dip or tell the distinction between bullish and bearish seasons respectively.

Anyone investor should be left to try out their best strategies and stick with the one that pays best. This is how pro traders and whale investors are made.

Even long time holders or traders are still having hard time in deciding whether to buy or not.
But if you are using spare funds, it won't be very hard to decide as you can wait the right time to sell.
And talking about crypto signals, I don't think they are worth checking out. I don't know how you can label them as legit.
But so far, crypto signals won't be your savior in this market. Better do your own trading and learn the trade by experience.

[BenCodie]

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.

Holding should be throughout more than one halving cycle...additionally, it should be after an entry that is made over a longer period of time. Your example uses specifically those who entered exactly at the all time high of the last cycle. Of course if you enter then, it could be around 4 years before you see break even figures again. Though if you gradually enter strategically every week or month over a 1-2 year period after the halving peak has passed, you might see a much more pleasant result in the 2-4 years following.

Dollar cost average your entries, restore liquidity during halving peaks to take some profits at peak prices, use liquidity to dca after the peaks from halving, repeat. This is a multi year process.

[gunhell16]

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.

From what you are saying, that is obviously one of your assessments or assumptions. Because when it comes to accuracy, you cannot say that what you mentioned here is 100% correct. How can you say, or have you said, that Bitcoin is not a good option for long-term holdings?

Because if you look or take a look since Bitcoin was created in 2009 until now in 2023, have you seen that the price value of Bitcoin has remained or continued to fall? Not really; instead, what you or we will see is that Bitcoin will face the same uptrend and downtrend, but most of the time it will always be an uptrend.

[dunfida]

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.

A bitcoin investment is not a two-month or one-year investment. Long-term Bitcoin investment pays more than short-term Bitcoin investment, which is why you should use the money you are not in need of anytime soon for Bitcoin investment.

Many people invested when Bitcoin was in its early stages and got huge profits, and I am sure some of them are still holding their Bitcoin or some portion of their Bitcoin.

I understand you that people could have sold their Bitcoin when the price hit its ATH, but remember, Bitcoin has potential and the price is unpredictable, which is why they cannot know if the price is going to drop below that then, but if these same investors keep holding their Bitcoin, they will surely gain from it because of halving next year.

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 is a good suggestion for people who have little faith in Bitcoin. Although if you feel insecure with the price movement, you can sell or set a sell limit, the best thing to do is to sell some portion and keep holding some.

When it comes to the world "long term" then it would really be that depending on someones preference yet there are ones who would be talking just only for 6 months and there are ones who do talk for 1 year or a couple
and there are those people who would be talking until the end of time.  Therefore, when it comes in talks about profit taking then it would vary and there's nothing we can do about it but i do agree on the fact
that there should really be that profit taking thing specially when its already peak of the bull run. How to determine? There's no way on knowing but it would really be pretty darn obvious if we do speak about
price peaks and as long you do already get that profit then cashing or selling it out is never been that a bad idea.

Just like on what most people been saying that profit is always profit and this what matter the most and dont make yourself getting left again by the train.
If you've been here able to witness those bull run times then it would really be that impossible that you arent really that wary on how things works.
You shouldn't really be making yourself dumb or careless this time.

[pinggoki]

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.

This is what I don't get with some people that's exiting bitcoin when their current HODL valuation goes down, they want to cut losses when that's only a thing that you do when you are investing in any other cryptocurrency out there, whenever someone I knew that has invested in bitcoin has do this and try to justify that action, I just laugh at them because while they're cutting losses when the prices go down, I'm busy finding money to buy more bitcoins to increase what I currently have.

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.

Thank Satoshi, I don't have that regret/FOMO anymore because I've learned my lesson that when the price is on the red and it's continuing to go down, it's an opportunity to buy more bitcoins for a low price and get more value for what I have paid for and right now, I am sitting pretty on a huge amount so I'm not worried that I won't be able to buy more now.

[Assface16678]

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.

Dude, that's why predictions and technical analysis are required before buying an asset or bitcoin itself. Of course, if the investor decides to buy bitcoin, he or she should consider or do analysis before buying and do long-term trading. Long-term trading doesn't mean a guaranteed profit, and if you do long-term trading, the trade still has downsides. That's why equity is important for a trade. Long-term doesn't mean it should take years; some investors choose to let their assets sit for years. Maybe because they don't have anything to do with their asset or they just choose to hold their assets there, trusting bitcoin, but of course it's the call of the investors. Yes, it could be a disadvantage, but there are different meanings for investors in the long term. Also, short-term trading is very risky. That's why it will all depend on the situation and how the traders do their thing.

[Pandu Geddon]

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.

that is the importance of planning in investment. Investing is not just buying and holding. planning to sell it at a profit or even sell it when it hits the loss limit is also important to plan.
but for assets like Bitcoin, most holders have very high confidence in future returns. So when there is a decline, what happens is that you continue to accumulate the number of Bitcoins in your bag. and when the ATH price is touched, it will provide quite a large profit.
Maybe the thinking would be different if the topic was a particular altcoin. even when discussing shitcoins or memecoins.

[Z390]

Those who buy Bitcoin at the ATH will only be at loss if they sell below their buying price, and let's not blame them, I believe they bought Bitcoin because they believe the price will rise even higher, if such thing happened to me I will keep the Bitcoin, and when a new low happen like the $15,000 then I will start Buying Bitcoin again, by 2025 they will make more money still, and their old Bitcoin will return to it's old value that it was in 2021 and I believe Bitcoin will surpass $70,000 this time so its still a win win situation.

This is why it's not good to always invest when there is high greed in the market, when people are rushing to buy Bitcoin it could already be too late, and when people say no to Bitcoin could be the best time to start buying, I learned this trick the hard way but I thank the almighty that I am still standing high today.

Many new crypto investors don't know about Bitcoin but they only worry about how to buy Bitcoin, it's their own lack of learning that make them buy the top when they should be selling, they turn themselves into old investors exit liquidity.

[Blitzboy]

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.

A bitcoin investment is not a two-month or one-year investment. Long-term Bitcoin investment pays more than short-term Bitcoin investment, which is why you should use the money you are not in need of anytime soon for Bitcoin investment.

Many people invested when Bitcoin was in its early stages and got huge profits, and I am sure some of them are still holding their Bitcoin or some portion of their Bitcoin.

I understand you that people could have sold their Bitcoin when the price hit its ATH, but remember, Bitcoin has potential and the price is unpredictable, which is why they cannot know if the price is going to drop below that then, but if these same investors keep holding their Bitcoin, they will surely gain from it because of halving next year.

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 is a good suggestion for people who have little faith in Bitcoin. Although if you feel insecure with the price movement, you can sell or set a sell limit, the best thing to do is to sell some portion and keep holding some.

When it comes to the world "long term" then it would really be that depending on someones preference yet there are ones who would be talking just only for 6 months and there are ones who do talk for 1 year or a couple
and there are those people who would be talking until the end of time.  Therefore, when it comes in talks about profit taking then it would vary and there's nothing we can do about it but i do agree on the fact
that there should really be that profit taking thing specially when its already peak of the bull run. How to determine? There's no way on knowing but it would really be pretty darn obvious if we do speak about
price peaks and as long you do already get that profit then cashing or selling it out is never been that a bad idea.

Just like on what most people been saying that profit is always profit and this what matter the most and dont make yourself getting left again by the train.
If you've been here able to witness those bull run times then it would really be that impossible that you arent really that wary on how things works.
You shouldn't really be making yourself dumb or careless this time.

To begin with, let discuss this "long-term" Bitcoin business. Everyone's long-term clock runs differently - ix months, a year, or until we're all driving flying cars. The truth is that profit-taking in a bull run is smart and necessary. People talk about "HODL" until the cows come home, but theres another side.

Cashing out at high prices isnt a difficult task. Keep an eye out and feel the pulse. Market secrets produce wealth for those who listen. Its about profit, but also about not being left holding the bag when the music stops. Theres no crystal ball, but if you dont see trends, you're losing money.

"Profit is profit" - simple yet profound. Dont blame yourself for missing the train. Being aware isnt enough; be action. There's a fine line between courage and recklessness in this game. Play carefully, take your successes, and dont be fooled by unachievable gains. Bitcoin is more than a currency or asset - it tests wit and nerve.

[DabsPoorVersion]

Those who buy Bitcoin at the ATH will only be at loss if they sell below their buying price, and let's not blame them, I believe they bought Bitcoin because they believe the price will rise even higher, if such thing happened to me I will keep the Bitcoin, and when a new low happen like the $15,000 then I will start Buying Bitcoin again, by 2025 they will make more money still, and their old Bitcoin will return to it's old value that it was in 2021 and I believe Bitcoin will surpass $70,000 this time so its still a win win situation.

This is why it's not good to always invest when there is high greed in the market, when people are rushing to buy Bitcoin it could already be too late, and when people say no to Bitcoin could be the best time to start buying, I learned this trick the hard way but I thank the almighty that I am still standing high today.

Many new crypto investors don't know about Bitcoin but they only worry about how to buy Bitcoin, it's their own lack of learning that make them buy the top when they should be selling, they turn themselves into old investors exit liquidity.

Aside from that, people who have bought at ATH might not have enough experience during bull run. Without the idea of the possible pullback and from what level, or getting FOMO as they see a post, or someone says that the Bitcoin will reach a higher price. Due to their fear of not having the possible profit, they end up buying at the highest price.

Many crypto investors experienced this during the previous ATH, some have already sold their holdings because they can't hold for a few months or years until the price of Bitcoin increases. They might think that Bitcoin is an easy money-making scheme and that if they invest, they can make a profit easily.

[2Pizza410000BTC]

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.

OP everything you said makes sense but no one can ever safely convert btc to usd at the right time. For example, when BTC reached $69,000, everyone thought that Bitcoin would soon reach $100,000. Because when the market goes up, there is a greed that awakens in everyone, that greed makes people hold onto their bitcoins. Later, when the market goes down, everyone starts to regret. But I can say Bitcoin investors are never 100% successful. However, every Bitcoin investor should aim to sell their investment when it is successful.

[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.

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

I think that as long as we have a specific investment plan, we can use either option. I also bought at a higher price but then I cut loss and bought back later at a lower price. Thanks to that, it helped me quickly recover my capital and even make some significant profits, but if I hadn't cutloss and continued to hold, I probably wouldn't have made any profits during that time because that's all the capital I have. So I think it depends on the person and how much capital they have. We should not be too rigid with a certain method but need to be flexible to optimize our investment portfolio.

[DeathAngel]

Bitcoin’s history is full of people with weak hands who sell when the price goes down & don’t buy back in. They then inevitably look & feel stupid when we soar to new highs. OP you mention about 2 years, suggesting that is long term holding. It isn’t long term holding, you need to hold for at least 4-6 years & then you will see that it’s very unlikely you will be in anything other than significant profit. Lots of people don’t have the balls to invest in bitcoin & ride the volatility waves.

[HideYourKeys]

Two contradicting threads at the first page, quite unusual. I undertand the points the OP made, I think the best approach would be to spend some of your bitcoin when you can exchange it for more goods (in the era we live in, we still buy in dollars most of the goods). But this is not easy at all, and when fomo comes, it is not easy to keeo your head cold