Holding for long might not be the best option.

[Kasabus]

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 why once we decide to invest in bitcoin, make sure that you are going to hold it for long term, let's say 5-10 years may be good enough. And always invest using your spare money so that even if your price expectation will not be achieved, at least you would not be in panic trying to sell it at a lower price in order to cut your losses. Bitcoin is for long term investment, that is if you aim to maximize your profits when bull run comes.

However, due to the hype that happens when bull run is present, it's hard to stop the people from buying bitcoin even at its higher price. Their mindset is that bitcoin price will keep on growing and once their target price is achieved, they will immediately sell their coins and gain massive profits. But in reality, bitcoin sometimes follow an opposite direction. Instead of seeing it soaring high, its price will suddenly drop at its deepest that will create panic on the new investors which made them decide to sell at a loss.

[Suzume]

If you are a bitcoin investor then you must hold it for a long for a good profit. Because being a Bitcoin investor is not easy. If you investing Bitcoin you have to mentally prepare for hold long time for get a good amount profit. You can see the price chart of Bitcoin the price is increasing day by day. You can see the price also drop in bearish season and price goes up in bullish season. You can see the highest price of Bitcoin something 69k dollars. And it fell down 15,700$. Those who hold it for long time they get a good amount profit. Without holding mentality you can't get a good amount profit in my opinion.

[Natsuu]

If you are a bitcoin investor then you must hold it for a long for a good profit. Because being a Bitcoin investor is not easy. If you investing Bitcoin you have to mentally prepare for hold long time for get a good amount profit. You can see the price chart of Bitcoin the price is increasing day by day. You can see the price also drop in bearish season and price goes up in bullish season. You can see the highest price of Bitcoin something 69k dollars. And it fell down 15,700$. Those who hold it for long time they get a good amount profit. Without holding mentality you can't get a good amount profit in my opinion.

Well investingn in Bitcoin often requires a long-term perspective because of its historical price volatility and we all know that. The key aspect is the ability to weather market fluctuations with a patient and resilient mindset. I think those who held through the cycles before have potentially seen substantial profits and since the cryptocurrency market is known for its bullish seasons, the ability to endure disappointments is normal for investors. However, it's essential to balance this approach with risk management. While holding can be a rewarding strategy, individual circumstances, goals and risk tolerance should guide hodling decisions.

[Zanab247]

You think those hodlers that applied long term in their hodling don't know what they are doing right, just wait for the end of this year to see what long investors will showcase for other people to see as an evidence that will attract people like you to switch from short hodling to long hodling. I believe those that bought BTC when the price was $69k know what they are targeting in their investment because, there are some investors waiting for the price of BTC to rise to $100k before they can sell to save the money in their bank account to establish other businesses that will be bringing profits to them.

If you want to make a good profits from your BTC investment, just remove the spirit of fear from your long hodling because many people are still regretting for not hodling for long last two years when the price of BTC hit $69k that made many people to earn what they have never earn before in their BTC investment.

[SeriouslyGiveaway]

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.

- I think it depends on each person's investment strategy and whether the money used for investment is idle cash or borrowed. If it's borrowed money and you bought at the peak price of $69,000 for 1 BTC, then it's probably an unbearable loss as the price dropped to $15,000 within 2 years. Cutting losses would be a necessary step. But if it's idle cash, and with an asset like Bitcoin that has been accepted, holding for the long term, maybe 10 years, the $69,000 peak might not be a disaster. You could still make a profit if you persist in holding because the long-term trend of assets tends to increase.
- I know some people who held onto Bitcoin since 2017 without selling, and they thought they bought at the peak when the market crashed, and Bitcoin went down to $3,000. If they hadn't held firm and continued to hold, by 2021, when Bitcoin reached $69,000, they would have regretted selling. So if someone is holding Bitcoin at $69,000, patience is key, waiting for the next price increase cycle.

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's difficult to know precisely where the top and bottom are at the current moment. Only after a certain period can we recognize it. Sometimes, after we cut losses, it continues to rise. No one can accurately predict the trend, so the dollar-cost averaging method for buying and selling will limit those times of FOMO (Fear Of Missing Out) when going all-in on the market.

[GbitG]

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.

The majority of people are victims of this kind of scenario. When FoMO is created, people think it will be a good opportunity, but they realize it is wrong.Bexause whales make FoMO to grab people's money, and those who are simple people, when they see people's greed in the market, they also rush to enter the market. But by the timee he does, it is too late, and they lose his money.

So it means to say that your point is absolutely correct and should also be done in the same way that when FoMO is created, enty should not be planned at all because whales often create hype in the market to attract people. Those who can liquidate what little they have also try to take whales in their hands, and these exchanges are the ones who create FoMO. These people know how many people can be liquidated under this plan of ours.

It is better that when the market is going up or down rapidely, you should go against FoMO because it is a trap and should be avoided. Everyone else knows what is good for me and what is bad for me.

[bettercrypto]

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.

Even though there are investors who bought bitcoin at around 60k, 50k, and 40k until it dropped by 20k and are still holding it, I think these holders will still be able to recover as long as they don't sell at a discount.

Because when there is a bull run again, they will surely recover the original amount they bought for it, because it is still possible for them to make a profit when the bull run comes. That's the beauty when you only really hold Bitcoin or other cryptocurrencies.

[Essential10]

Everything has its ups and downs. Humans have been dynamic and changing creatures and have faced change throughout their history. As with Bitcoin, Bitcoin is dynamic and changing. The Bitcoin market has had ups and downs since its inception. We saw the Bitcoin market rise to $69k and then fall to $18k. In that case, Bitcoin is moving at its own pace. People have invested in Bitcoin at different prices at different times. Many of them bought at the highest price and many bought at the lowest price. As for those who bought at the highest price, there is nothing to be disappointed about. And letting those who bought at the lowest price sell their bitcoins is foolish. Those who invest in Bitcoin for the long term should be patient with that goal. Patience will definitely pay off.

[Texac]

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.

Even though there are investors who bought bitcoin at around 60k, 50k, and 40k until it dropped by 20k and are still holding it, I think these holders will still be able to recover as long as they don't sell at a discount.

Because when there is a bull run again, they will surely recover the original amount they bought for it, because it is still possible for them to make a profit when the bull run comes. That's the beauty when you only really hold Bitcoin or other cryptocurrencies.

1 btc=1 btc and as long as they don't sell they won't lose money, but what they lose is time.  while it took them 4 years to make a small profit, many others bought bitcoin for $15k-20k and made huge profits.  therefore, I agree with the OP that holding it for a long time is not necessarily a good choice.  but the decision will depend on each person, I see there are people who support continuing to hold, but there are also people who will accept to cutloss and come up with a new investment plan.  it's completely up to each investor, let's do what we feel is best.

[ananyabushra]

This happened to me too. Whenever I hold a coin, it never goes back to the price I bought it for, or it goes back after I have sold it, but the ones that I sell with minimum profit end up being some of the most gaining tokens, like Shiba Inu and Pepe. I had been holding a token worth $10k for two years, but it has not yet gone back to the price I bought it for. Still figuring my way in the field. xD

[Blitzboy]

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.

The majority of people are victims of this kind of scenario. When FoMO is created, people think it will be a good opportunity, but they realize it is wrong.Bexause whales make FoMO to grab people's money, and those who are simple people, when they see people's greed in the market, they also rush to enter the market. But by the timee he does, it is too late, and they lose his money.

So it means to say that your point is absolutely correct and should also be done in the same way that when FoMO is created, enty should not be planned at all because whales often create hype in the market to attract people. Those who can liquidate what little they have also try to take whales in their hands, and these exchanges are the ones who create FoMO. These people know how many people can be liquidated under this plan of ours.

It is better that when the market is going up or down rapidely, you should go against FoMO because it is a trap and should be avoided. Everyone else knows what is good for me and what is bad for me.

The FOMO effect is a market manipulation master. Whales use hype to draw crowds efficiently. The unassuming person thinks they're boarding a rocket, but its going down. They inflate prices to create a purchasing frenzy, then yank the rug out from under new investors. FOMO is. A psychological trap, it exploits our basic instincts of greed and fear. The smart move is to be skeptics. You zag when others zig. Going against the grain isnt enough - you must also do your research, comprehend market trends beyond the hype, and make informed decisions. Finally, with crypto, only market information is more volatile than the market. Swim against the tide, but avoid shark-infested seas. Stay knowledgeable, suspicious, and dont let others use your investment as an opportunity.

[alastantiger]

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.

For bitcoin to reach its all time high again we predict it would be in the end of 2025. It is a long time. For newbie investors, taking your time to use crypto research tools like Crypto Panic, CoinGecko, Coin Market Cal, will offer you insights into the bitcoin market from many years ago to many years into the future and what it would possibly look like after EFT approvals, Halving and others. However, if you are a lazy investor or a busy one who do not have the time to do this research, just buy and hold and you'll be safe.

[Hypnosis00]

Even though there are investors who bought bitcoin at around 60k, 50k, and 40k until it dropped by 20k and are still holding it, I think these holders will still be able to recover as long as they don't sell at a discount.

Because when there is a bull run again, they will surely recover the original amount they bought for it, because it is still possible for them to make a profit when the bull run comes. That's the beauty when you only really hold Bitcoin or other cryptocurrencies.

A real investor will choose to hold and remain calm rather than sell their Bitcoin at a discounted price because what is in their mind is that the price will not stay low but it rises again. Trust and confidence give them the courage to not give up easily and lose hope because they are very certain that Bitcoin will recover.

Of course, holding for many years is somewhat a waste of time we think about it but this is how the crypto market works, sometimes(if not most of the time) we have to hold in order to earn more profit. May not be the best option but we must rather than suffer losses.

[alexforneus]

Buy and hodl is a good avice but now when btc is near it's ath. There are special accumulation phase for it

[HONDACD125]

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.

I think it is not wrong to buy and hold. People who bought and held Bitcoin have made huge profits from Bitcoin. The people who bought Bitcoin at $69k I think had no idea about Bitcoin and the crypto currency market. It is never a good decision to enter where everyone is exiting. Bitcoin is not a magic currency that will make you profit whenever you buy it at any price. If someone enters Bitcoin at the wrong time, he will surely face trouble.

It should always be remembered that only a perfect entry can give us good profit. Bear season is always considered suitable for buying Bitcoin in which the price drops considerably and entry from here can give us good profit in bull season. If someone has made a wrong entry and there is a high chance that the market will go down then they can convert their Bitcoin to USDT, but the better way is to buy more as the market goes down if there is capital.

[lombok]

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.

Very Wise. This might be an option for people who experience investment problems due to making purchases at low or high prices. It is true that a flexible attitude can provide good results because our main goal remains portfolio growth. Maybe an attitude that is too rigid can hamper portfolio growth a little. I'm sure everyone has their own plans and maneuvers which depend on personal experience or other people's intervention.

[m2017]

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.

Yes, yes, swap BTC to USDT to catch the collapse of the next stablecoin (quickly forgot what happened to stablecoins almost recently), when all your assets are transfused into this trash.

"Holding for long might not be the best option." - tell that to early bitcoin investors. Those who sold the bitcoin at $1, $10, $100, $1000 and even $10,000 will probably disagree with you.

My opinion is that you are very seriously mistaken. The experience of past years shows (and proves) that holding bitcoin is the most productive way to increase capital in cryptocurrencies. Everything else is lyrics.

[SquirrelJulietGarden]

Yes, yes, swap BTC to USDT to catch the collapse of the next stablecoin (quickly forgot what happened to stablecoins almost recently), when all your assets are transfused into this trash.

Generalizing it to something like
"Do not swap your bitcoin to any altcoin".

Altcoins include stable coins (USDT, USDC, ...) or Tokens which are created to peg their values with Bitcoin value. Those tokens are like stable coins but with different terms and names.

They are called as Wrapped Bitcoin tokens but always remember they are not bitcoin and you don't own bitcoin if you have those Wrapped Bitcoin tokens.

Wrapped tokens.

[YUriy1991]

BTC is synonymous with long-term patterns if you want maximum results. What the OP said may also make sense because looking at the current situation. Frequently changing market conditions, whether economic, political or technological factors, can affect the value of an asset. Yes. This may require adjustments to your reinvestment strategy.

But, my view is simple. If someone wants to have a round of money every day, don't use this model but just use the day trading one. One more thing, transaction costs, especially BTC gas, in the near future will also be very high.

[adultcrypto]

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.

For short term holders, this post makes so much sense but regarding five years holding as something too long is what I don't understand. Bitcoin have a four years cycle, so it is expected that anyone that want to go into Bitcoin much understand this to be able to plan his finances well. You don't buy at the peak of the cycle and expect to make profit the same year or the next year without waiting for the next cycle when Bitcoin is expected to make a new high.

The best approach is to buy and hold from one market cycle to the other, in that case you will be sure to make good profits. By the way. It is not expected that one should put all his life savings in Bitcoin; just invest spared money that you can afford to loose.