Holding for long might not be the best option.

[Promocodeudo]

Bitcoin investment was meant to be a long-term setting, but because of the market uncertainty and many economic reasons, people decided to withdraw their investments, for example you don't expect a Nigerian holder and US holder to behave the same, there must be circumstances, there are many sustainable jobs in US, bitcoin holders can hold their investment because they are mainly paid hourly with a preferable economy better than Nigeria economy, your money is value and can purchase a commodity with its value but the case of Nigeria is different, for you to have an extra income that can make to hold for a long period of time it takes the grace of God, this is why we see more fast profit oriented minds than patient hodlers, I see this btc transaction fee as an opportunity for the lightning network to be more valued.

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[Ultegra134]

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.

Well, I'm not quite certain about this. In my opinion, the maximum yield can be recorded by selling during bull periods and repurchasing when prices settle down. Imagine you've sold 1 bitcoin during November's ATH in 2021 for approximately $65,000. The prices crashed shortly after, dropping to $40,000 levels. Even by purchasing at $40,000, you'll have a profit of $25,000 immediately, unless you plan to reinvest and buy more Bitcoin in the process. If we now suppose that the repurchasing of Bitcoin occurred during the lowest prices of late 2022 or early 2023, which vary from $15,000 to $18,000, you'll practically acquire anything from 3 up to 4.3 BTC for the 1 BTC that was sold in late 2021.

Now let's suppose that we bought at approximately $16,000. Using our $65,000 from our sale in November, we'll have about 4 BTC. Multiply those by $37,000, which is the current price, and the result is almost $150,000. Certainly, we need to subtract the $65,000 and the initial cost of the first Bitcoin, but you can still achieve pretty extravagant results, especially when the price rises even further.

[dezoel]

It's supposed to be buying low and hodling, and not just to simply buy at any price levels. But then I realized there are people who do a DCA and it was one of the famous strategies for those who invest in BTC. Well, in DCA, there are still times where they can buy at a low price and then those who commit it are more obliged to hold their coins for a very long time (be it 2 years or more).

I'm sure they can always seek a justice for the actions that they have made earlier. Also, it was actually the old investors are benefiting over the newer one's, because when there are new people who invest, that will make the price rise, so old investors can now sell for profit. We all are not the same. Some investors are not well prepared and may need money occasionally, so they can sell no matter what the circumstances are.

[Fivestar4everMVP]

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 very wrong advice my friend, when it comes to bitcoin investment, understand that holding it for the long term is the best way to make the best of profit, what price one bought at only determines how much profit he or she is likely to make when the price starts rising like it is doing currently.

The best advice i can give is that, wise investors who are buying to hold for the long term do not buy at all-time high, so if you are buying bitcoin to hold for the long term, make sure not to buy when the price is at its all-time high, this applies to every other cryptocurrency as well.

And point of correction @op, those who bought bitcoin at the price of $60k or higher are not investors, they are quick profit seekers, people who wanted to make some quick profit from the bull run but unfortunately for them, they were wrong with their timing, this is absolutely normal, as not every trade one engages in will turn out profitable, there will always be some minor loses here and there from time to time.

[tjtonmoy]

Control your emotion and learn to hold for long period of time. It has only been 2 years which does not count as a long-term investment plan if you are choosing Bitcoin. And I don't think people would regret buying $69k if they have done DCA in order to accumulate that Bitcoin. The Bitcoin halving is coming closer and the bull market will start following that. Many people have predicted that Bitcoin price will create a new all-time high in this Bull run. If $100k wasn't possible in the past, what makes you think that it won't be happening in the future? If you have will to hold until that is reached, there's nothing to regret.

I still really don't know what makes you think that holding for long is not the best option. If you have control over your emotion and the plan that is for long-term, and also, if you follow some strategy like DCA, then there's nothing wrong with holding for a longer period of time. Some people have achieved success through Bitcoin investment after 10 years of holding. 2 years seems a bit low compared to that. If you can accept this fact, then you are ready for Bitcoin holding.

[Distinctin]

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 some, it might not be the best option most especially if they happen to hold the wrong coins but for those who have high faith in bitcoin, it will always be the best option to hold for long term. Those who fail to see the essence of bitcoin long term hodling are most probably those who hold with  a fainted heart and unstable emotions that's why when the market suddenly crash and affected the price of bitcoin to drop so badly, they develop panic in the market and resort into wrong decision of selling early.

However, it only takes some initial mistakes and losses before the people learned their lesson. And while its also a good option to swap their BTC to USDT, but for me its never the wisest decision.

[Renampun]

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 understand what you want to explain here, but from what I have noticed, no one can guess the price of bitcoin 100% correctly, when you buy bitcoin at $50k or $60k, you are actually buying consciously and without any influence, hodl may seem futile, but if done patiently and consistently then hodl is very effective and profitable. right now you think people who buy bitcoin at $50k or more are unlucky but believe me in the next few years the price of bitcoin will pass $50k and will definitely pass $100k too, there is nothing in vain when you buy bitcoin.

[gunhell16]

Control your emotion and learn to hold for long period of time. It has only been 2 years which does not count as a long-term investment plan if you are choosing Bitcoin. And I don't think people would regret buying $69k if they have done DCA in order to accumulate that Bitcoin. The Bitcoin halving is coming closer and the bull market will start following that. Many people have predicted that Bitcoin price will create a new all-time high in this Bull run. If $100k wasn't possible in the past, what makes you think that it won't be happening in the future? If you have will to hold until that is reached, there's nothing to regret.

I still really don't know what makes you think that holding for long is not the best option. If you have control over your emotion and the plan that is for long-term, and also, if you follow some strategy like DCA, then there's nothing wrong with holding for a longer period of time. Some people have achieved success through Bitcoin investment after 10 years of holding. 2 years seems a bit low compared to that. If you can accept this fact, then you are ready for Bitcoin holding.

That's right, it's not because you bought bitcoin at around 69k$ each that it's wrong; there's nothing wrong with buying bitcoin if you have a broad understanding of it. Even if its price value has dropped a lot, you know that bitcoin will still recover its price after some time, even if it takes a year. If you believe in it, it will be more than 100k$ each.

So holding it long-term is still a good way to benefit us when the time is right. So I don't believe this is the best option to hold in the long term.

[oktana]

Your post is screaming “FUD”. If you are this scared, then why invest in the first place? Okay, let’s say you convert your BTC to USDT, when the price starts coming back up, what do you do? FOMO in? If you want to take risks, take them with your full mind. Don’t be on the fence because it could even worsen the Case. Like I normally say, invest an amount you won’t worry about. If you invested an amount you do not need instantly and you trust the Bitcoin journey, there’s absolutely nothing to worry about. Hasn’t the past years proven this? We will break the previous ATH again, but it is only those that patiently wait that will smile when it happens. DYOR though.

[wallet4bitcoin]

Holding back is determined by the motive of the investor before investing in the asset class. Whether Bitcoin or any other.

If you consider Bitcoin a store of value then it won't be a consideration to sell it before time, but if its just for profit and reinvestment then it's ideal to sell when it's in profit.

[hatshepsut93]

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.

It's easier said than done. You never know if a price fall is the bear market or just a correction. In the last cycle Bitcoin reached $60k and than crashed to $30k and then went to the ATH of $69k. Those who sold when it was on a road to $30k thought that they will buy back at a lower price, but the price bounced back and all they achieved was realizing their loss.

Also, you're using an extreme example of buying at ATH. ATH lasted only for a day or two. Most people bought way below that.

[Casdinyard]

Of course it’s gonna come from someone named Pi Network lol.

What would you rather have these people do? Sell all their shit at the first sight of a price increase? This isn’t your local flea market where everything’s a bargain, people are in here to maximize their profits and it’s up to them to hold for as long as they want to. Besides, when it comes to bitcoin even if you’re at a “loss”, as long as you don’t sell your shit you’re pretty much saved by the next upcoming bull run. Which is also why there are effective whales in this industry and why it’s trillion dollars in market cap.

Perhaps you should get over your head and actually look for cryptocurrencies like bitcoin and ethereum, that Pi Network copium’s getting to your brain I can smell it.

[TelolettOm]

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.

There is nothing wrong when someone makes long-term holding for a certain period of time. It doesn't have to be a few months. Some have even done it for several years. when they buy at low prices, especially at the lowest rates during the bullish era and they make long term investments until the next bullish era. wouldn't the results be much more valuable? because the concept is investment, so yes it can be done over a certain period of time. Instead of saving it in stable coins and then buying Bitcoin when the price has gone up and up with only a small profit.

[Solokan]

I think in this case it depends on the initial intention, whether you want to invest long term in BTC or not, but for people who intend to invest in BTC for the long term of course there is no such thing as exchanging it for USDT, because for those who invest long term of course they only sell when There are benefits no matter how long it takes.

but everyone has various ways of securing their assets. Managing risk and securing assets is also of course very necessary as long as we can set a strategy because BTC prices fluctuate and are difficult to predict, so in this case there are pros and cons, but what is clear in this case is that it comes back to each investor, whether they will be strong enough to withstand it. and sell it when there is a profit or carry out a risk management strategy.

[Ale88]

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 lose money only when you actually sell whatever amount the previously bought, if you are willing to hold while waiting for the price to go up again then you're fine. Of course if you buy after we make a new ATH you need to be conscious that the risk you are taking is big, very big. If we're talking about bitcoin, and not some random shitcoin, I would never sell while at loss, it's just a matter of time before the price will go up again.

[KingsDen]

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.

I understand the Op but I would still want the Op to understand that as long as bitcoin is concerned, holding for a long term still remains the best way as long as the investor enters the right time. The people that enter the bitcoin market during the bull run are definitely people that used to see the wrong side of  bitcoin.

However, even if anyone buys at $60k which is the region of the ATH, with more patients they will recover their capital and definitely be on profits. It is the people who invested with what they are not able to lose or what they will be needing in few weeks or months ahead that will feel the impact anytime the price deeps.

Also what I do not understand is why people hold for more than one bull run. I think if any investor witnesses one bull run, they can sell and wait for another deep.

[so98nn]

What you have explained is nothing but a contingency plan in case Bitcoin fail to keep its resistance. That’s how we work when we invest in Bitcoin so it’s highly unlikely we are looking at something new here. Bitcoin has been volatile all the time and its deep rooted nature for it. I wouldn’t be surprised if I am seeing Bitcoin falling by 50% in single day because we have seen that already.  What comes after that is nothing but FOMO and FUD. We shouldn’t care about it at all because it is also proven that there is no benefit of going nuts when Bitcoin is failing.

These are middle factors that can affect long term investments. It’s far better to avoid such mindset and have our cold wallet ready all the time. Keep holding.

[LogitechMouse]

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So what's your sudjestion on this.

Thanks for reminding me with my past experience with this one that you shared.

Brief history of mine. It wasn't BTC per se, but an altcoin that I bought at it's peak, and instead of selling it since I don't want to incur losses, I choose to hold it for a very long time. Fortunately, I sold that altcoin, but after 2 years, and the profit isn't worth it knowing I can make more money if I just made a stop loss, and invested it into other assets. I was newbie back then, and I learned from it.

Back to what you said, converting it to USDT would be a good choice, but I guess that it would be better to just sell it at a loss, and then re-buy it at a lower price. Take that mistake of yours as a lesson, and promise to yourself that you will make better decisions in the future.

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Also what I do not understand is why people hold for more than one bull run. I think if any investor witnesses one bull run, they can sell and wait for another deep.

I know, I know, it's my mistake that I held during the 2021 Bull run. Please don't remind it for me.  

Like you said, I don't know my reason either why I choose not to sell all of the assets that I'm holding then wait for the bear market that happened a few months after the bull market. I believe that making the mistake once is still good as long as you learn from it, but doing the same mistake twice then there's a problem for you that's why I already decided to wait for the bull run then sell all of my assets at near it's peak. Whether it's my cryptocurrencies, or my stocks that gives me dividends, I will sell all of them when the bull market happens.

[Lorence.xD]

I only think that Bitcoin wouldn't be good for long-term investment when it comes to emergency purposes, cause despite having emergency funds, we can't tell that we won't be needing soon the money that we invested. You will be unlucky if you will be needing to sell your holding Bitcoin's value lower than the price you bought it. As we know Bitcoin's potential, is literally for long-term investment we know when bullrun comes, and Bitcoin reaches its ATH once again, then that's the good time to sell your holdings, still, it is up to you if you want to make a profit already, cause some of the people has their own plan for their target price. Still, we can't still predict Bitcoin's outcome due to its volatility so investing for long-term investment is not for everyone unless you use some method such as DCA method.

[Kelward]

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 essence of bitcoin investment is to keep accumulating it and hold for a long term, in expectation to cash in on any bull run. An investor can have a target price before selling, maybe he wants bitcoin to hit $1000k before selling, and if he's ready to wait till that happens, then it's his  decision. So if he has the opportunity to accumulate more bitcoin while he's waiting for his target price to materialize, then it's a good business decision. Reason why it's best to invest in bitcoin with your savings, so there'll be no pressure to sale.

The good thing about bitcoin investment is that the power is in the hands of the investor, if there is any important need that arise and warrants him to sale earlier, then there's nobody stopping him to do so. I'd rather focus on bitcoin, that has proven it's worth, than diversifying into USDT.