Holding for long might not be the best option.

[Dickiy]

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.

Hmm that makes sense, as we see the price trend that is being formed on bitcoin, so far bulish still continues to dominate and there is no indication of a price reversal in the near future, so with conditions like this it is very possible that bitcoin will go down first to make corrections and form new support, but I am not sure that in the near future bitcoin will experience a significant decline or even up to 50% as you said, because there are several other factors that make bitcoin will survive enough in this new bulish area. Honestly I would not say that this is a good enough time to buy, I have planned that I will buy when the price is correcting in the near future, maybe there are some people who will do the same.

On the other hand there are several factors that will be quite a big driver for the rise of bitcoin, if only the ETF is approved then obviously there will be good potential for a fairly significant bullish phase, and also on the other hand it is only a matter of months until the beginning of 2024 to enter the halving phase, so with that I think it is not wrong if some people assume to hold or even increase their accumulation amount. True, this is indeed one of the intermediate factors that will / can affect long-term planning, the level of concern will always be there even though for example there are quite a lot of positive potentials that we see in bitcoin, so of course I agree with your assumption that it would be better for us to use a budget amount that is not excessive, or means that we can be responsible for any risk opportunities that can occur there.

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[Negotiation]

Hodling is a relatively straightforward long term cryptocurrency investment strategy bitcoin is a good long term investment if you want to save for the future after meeting your needs. It should only be considered if you have a high risk tolerance, a strong financial position and can afford to lose any money you invest in it. If you want to invest it's important to maintain a diversified portfolio that includes a variety of investments to reduce your overall risk exposure. Every investor holds bitcoin when the price goes down and sells it when the price goes up. When it comes to holding bitcoins everyone proceeds according to their own plans.

[CryptopreneurBrainboss]

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.

USDT isn't the best stabecoins to use for holding your profits. They're centralized and been controlled making it not any different from fiats currency. Your assets can be frozen when held in USDT and the price is been manipulated constantly. Hodling your Bitcoin has always been the better option as it gives you a long term profits when compared to trying to catch the top of the market to sell and bottom to buy back. These targets looks achievable on paper but hard to execute. The volatile of the market makes it impossible to target the exact bottom or top of the market. When you HODL Bitcoin you don't lose even when the market is declining, you only lose when you sell but if you keep on Hodling you'll still be having the same quantity of bitcoin that you had and when the market recovers you profits.

When Bitcoin corrects, you should DCA and buy more Bitcoin and that's why it's very important we hold reserve fiats as they're useful in times like what the OP is describing. You shouldn't regret Hodling your Bitcoin as it's better than losing it to the market when you try to outsmart the market by selling at the top and buying at the bottom. You can't always be lucky to get this price always and at some point you might lose to the market and then you start doubting yourself and finally miss out of buying Bitcoin or buy when the price is above the range which you sold and you get lesser quantity of Bitcoin than you previously owned. Hodling for long term is always a better option don't let any person tell you otherwise.

[AprilioMP]

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.

Let's take another example. When people buy Bitcoin at the ATH price of $69,000 with the hope of making a profit when Bitcoin reaches the price of $100,000. The price continued to correct from $69k and has not returned to that price. The purchased Bitcoin is still held until now and the person is at a loss if he sells it now. It's different if the person still has hope of profit if he remains committed to selling when the price has passed $69k.

Let's say now the price of Bitcoin is $37,100, if he had $1,000 to buy at this time, my estimate in calculating might be wrong, he would get almost the same amount of Bitcoin by buying at $69k. When Bitcoin reaches a price of $100k, how much profit will that person make?

Buying Bitcoin at any price will not make the person lose money if he holds it long term. That is what I mean.

[Rabata]

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.

When it comes to investing, you must take risks. There is no such investment platform without risk. But you need to know why Bitcoin is called a long-term inmvestment tool,. There are thousands of cryptocurrencies in the crypto market that make a big ATH and there are many instance to leave the market. Keeping those cryptos in the wallet for a long time turns them into garbage. One of the ways to avoid such situations is to invest in Bitcoin.

Those who invest in Bitcoin are optimistic even if they flip from bullish to bearish and they will definitely benefit in the long run. Bitcoin peaked in 2021 and investors will benefit if it continues to generate new ATH in 2024 or 2025. Can you say why they claim to be long term investors if they can't invest in Bitcoin in this short span of time. Such type of investors must have an idea of what is called long-term investment.

[aurel57]

I first started GPU mining in 2013 on Slush's pool and when the first ASIC USB miners were coming out I wanted some, so I ended up buying 30 Bitcoins off eBay which were @130 a piece. People were saying to not mine that I would be better to just hold the Bitcoins and now I know they were right. (first mistake). A few months into my ASIC mining the wife kept asking me about it and would question the value if any the coins I had mined. I decided to prove to her they did and on a trip overnight I was going to pay for our motel thur Expedia with BTC and I did which was @half a coin, @$140 (second mistake).  I spent the next 6+ years selling off out dated miners and buying better ones to the point I was heating my house during the cold winter with the heat the miners were putting off in my basement. I would place selling points, that if Bitcoin ever hit I would sell some, which $1,000 I did, then $5,000 I did, and my last was @$38k. I look back and the people that said to hold were right, but its hard to not cash some in after you ride the wave up and back down a few times.  Now my wife refuses to  sell what we have, unless it become life changing amount, which we are not hurting for money at this point, so I look at my BTC as insurance and its why I have it not on an exchange any longer and keep on holding.

[posi]

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.

Let's take another example. When people buy Bitcoin at the ATH price of $69,000 with the hope of making a profit when Bitcoin reaches the price of $100,000. The price continued to correct from $69k and has not returned to that price. The purchased Bitcoin is still held until now and the person is at a loss if he sells it now. It's different if the person still has hope of profit if he remains committed to selling when the price has passed $69k.

Let's say now the price of Bitcoin is $37,100, if he had $1,000 to buy at this time, my estimate in calculating might be wrong, he would get almost the same amount of Bitcoin by buying at $69k. When Bitcoin reaches a price of $100k, how much profit will that person make?

Buying Bitcoin at any price will not make the person lose money if he holds it long term. That is what I mean.

What you said is similar to the strategy we are using DCA strategy and it is the best strategy when talking about bitcoin investment. The more the price falls and the more we buy, the more profitable we will be when the price recovers. But if we don't have more money to DCA, and we continue to hold the bitcoins we bought at that high price, what will happen? We won't lose money if we continue to hold, but is that better than selling at a loss and buying back later? For example, if you buy at 69k$ and when the price drops to 50k$, you cut your loss and you buy back at 20k$. You hold until bitcoin recovers and hits 100k USD, which option will bring better returns?

[suzanne5223]

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.

What you're talking about here is BTC investors and holders making a profit which is a pretty good decision but how can you be sure that the new investors are taking advantage of the market ATH price while older investors are not?
I think you're the one that's missing the concept of BTC investment here. There are different types of investment the long and the short.
The short is meant for taking profit whenever the market presents it while the long is purely for holding for years.

[Blitzboy]

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.

USDT isn't the best stabecoins to use for holding your profits. They're centralized and been controlled making it not any different from fiats currency. Your assets can be frozen when held in USDT and the price is been manipulated constantly. Hodling your Bitcoin has always been the better option as it gives you a long term profits when compared to trying to catch the top of the market to sell and bottom to buy back. These targets looks achievable on paper but hard to execute. The volatile of the market makes it impossible to target the exact bottom or top of the market. When you HODL Bitcoin you don't lose even when the market is declining, you only lose when you sell but if you keep on Hodling you'll still be having the same quantity of bitcoin that you had and when the market recovers you profits.

When Bitcoin corrects, you should DCA and buy more Bitcoin and that's why it's very important we hold reserve fiats as they're useful in times like what the OP is describing. You shouldn't regret Hodling your Bitcoin as it's better than losing it to the market when you try to outsmart the market by selling at the top and buying at the bottom. You can't always be lucky to get this price always and at some point you might lose to the market and then you start doubting yourself and finally miss out of buying Bitcoin or buy when the price is above the range which you sold and you get lesser quantity of Bitcoin than you previously owned. Hodling for long term is always a better option don't let any person tell you otherwise.

The centralization of USDT risks asset freezing, which goes against the spirit of cryptocurrencies. Its like walking a tightrope between fiat's stability and decentralized assets' volatility and independence. Your view of hodling Bitcoin is refreshingly consistent with crypto fans' long-term gains over short-term volatility. Like planting a tree, you dont see results right once, but the growth can be significant.

Using currency as a reserve for DCA is a a good approach adapte. Like hiding a secret weapon until the appropriate moment. This makes USDT more of a hedge against downturns and a temporary shelter in stormy markets. Knowing when to hold, convert, and buy more is a delicate dance. This multifaceted technique, which combines Bitcoin hodling with fiat and stablecoin tactics, shows a deep understanding of the market. Remember, patience is a strategy with cryptocurrencies.

[Z_MBFM]

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.

If you want to hold long term you have to accept that you will hold that bitcoin until your target is exceeded.  So in this case it doesn't matter how many dollars the Bitcoin price goes down. Do you not believe that Bitcoin will be worth $100k?  When bitcoin first hit $20k in 2017 didn't anyone buy bitcoin hoping for more bumps?  Then the price of bitcoin dropped to $3200 and who thought that the price of bitcoin would be $69k? So since it was possible, then why not possible $100k you think and why you panic?

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.

If you sell bitcoins at that time it means you panic. If you don't panic so easily and can't trust bitcoin to hold long time.  So how do you consider yourself a holder? When the price of Bitcoin falls you can buy more Bitcoins instead of selling your Bitcoins in this case DCA will occur and your price will be minimized.

[Captain Corporate]

The idea of this stems from not really understanding the logic of investment. I mean its obvious that we are talking about something that ought to be for people who do not want any headaches at all. I get that it may not be all that crazy, but in the end there are some people who like to hold for as long as possible and maybe that would work out well for them. You do not have to understand why people are like that, sometimes you just let them do what they want. It is their money after all, and we all know that long term holding makes profit, why do you care that it may not make the most amount of money, it is making money and they are happy about it, so let them do whatever they want. I am one of them, and I am quite happy to do it.

[johnsaributua]

There is a saying that hodl er is a winner, the fact is that the winner maintains his results, voluntarily saving bittcoin from the lower price even tens of percent of the current price, they are comfortable saving bitcoin and there are even some bag holders who do not want to sell quickly, in the sense for the future, one of which is a pension fund or inheritance .

Excessive regret from the effects of trading will cause doubt, I think a good price is the purchasing power that still has a price difference and no loss, if in the future buy above $80k each bitcoin and exceed take profit to $90k, it is also the right analysis. Look at the trend that will go up, if you compare the time frame 2009-2012 with 2020-2021 you will know the answer, let's just say if people will regret in 2015, what will happen? of course they will be deterred from buying bitcoin and miss the price of $64k, right?



It doesn't mean that the cheap bitcoin price in the past is a bad thing, because you didn't buy it, no. But purchasing power in a condition that is different from the usual daily price, I believe people will continue to enjoy the future of buying bitcoin as they can, bitcoin is a necessity and will continue to grow, let's think ahead. Btw your name is good like its familiar to my ears,

[SmartCharpa]

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've said the right advise for people who are unable to hold onto their bitcoin, that are still doubting about it to convert their bitcoin to USDT if the market is going down. However, have you noticed any investors who bought bitcoin at a higher price complaining they  regret for holding it so long? I haven't seen any investors  complaining in such way, since they understand how the market works, and the risk in it, they believe the will rise in a few years, and hope to profit from their investments. That's why they advised doing your own research on bitcoin before investing without understanding the risks involved. A lot of people mistakenly believe that investing in bitcoin will make them wealthy quickly; if you believe in bitcoin, you won't regret it because you will most likely profit at the right time. despite this, it is not a good idea to invest money that you might need in the near future.

[Y3shot]

I think what makes some people to hodl their bitcoin for a very longtime sometimes is buying at a price which they think the price of bitcoin will keep on increasing,  that is why it is good for investors to buy bitcoin at a lower amount to hodl as planed as their target to get a good profit. Longterm investment is a good investment but in every Longterm investment their should be a target,  it doesn't necessarily mean hodling must be forever,  their should  be good plans when hodling and to have a target in every investment.

[tjtonmoy]

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.

I won't bet my luck on one year. That is a short period of time when it comes to Bitcoin investment. As mentioned before, people are finding success in their Bitcoin investment after 8 to 10 years. Now that's something I would call long-term. 1 to 2 years should be considered a short-term investment. We know that after every 4 years or when a certain amount of block has been mined, there is an event called Bitcoin halving. And after that the bull market follows.

If you can hold your Bitcoin to that period of time, then you will see a good profit. But just only holding won't give you the profit. In order to make profit from your investment, you need to learn when to sell and when is the perfect time to sell your holdings. During the bull market or before the bull market is a great time to fill up your bag with the DCA method. And if you are into a little bit of trading, you can also use that previously bought Bitcoin to buy and sell during the volatile market condition. That will also help you increase your assets and value.

It's not that much complicated. All we need is a will end control over our emotions so that we are able to hold through the period of rough time until the good time comes. That's when we will make our money back.

[Myleschetty]

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.

USDT isn't the best stabecoins to use for holding your profits. They're centralized and been controlled making it not any different from fiats currency. Your assets can be frozen when held in USDT and the price is been manipulated constantly.

The absence of a decentralized stablecoin in the cryptocurrency market is one of the drawbacks we have in the market and according to research, a total of $835 million in USDT has been frozen by the USDT team.

Hodling your Bitcoin has always been the better option as it gives you a long term profits when compared to trying to catch the top of the market to sell and bottom to buy back. These targets looks achievable on paper but hard to execute.

Yes, you're right and it is always better to take profit while having the initial investment amount held in Bitcoin instead of selling and buying back. I think that is what the OP is trying to say.

[God bless u]

Holding cannot make you to regret for your act but selling as a result of fear can be risky for you. A person should not wait for just two years but at least he should wait four a complete cycle that comprises of four years. Everyone will be familiar with fact that crypto does not give you profit so quickly but everyone will wait to get the reward.

Those who loss their hopes after two years are those who cannot use their patience and will never see any benefit in future and will always regret when they see crypto rise after they leave the crypto. Buying at 60k$ or 69k$ is very risky and those who did this will surely regret when price goes down so there is a technique that buy low and sell high. Learning is necessary in such situations  uneducated person cannot make a better decision and if you miss the opportunity to buy at the value of 30k$ to 40$ then don't buy at the value above than this.

[serveria.com]

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.

Yeah, tell that to some early adopters who bought (mined) back in 2010-2011!  Hodling for a longer time is in fact the best thing that can happen to you. I mean if you're not short on fiat and don't need to withdraw immediately, hodl and you won't regret it. 5 years or longer and decent gains are guaranteed.

[Agbe]

That is why bitcoin is always ATH for a group of people except those who bought it at highest price. Those it at the lowest price are very happy right now because they can make profit from the investment now. Mostly those who bought it when bitcoin was at the Price of $16+k last year. And those who bought it at the rate of $69k have to wait for another bull market and because of this we are saying that bitcoin is not a get quick rich scheme, those who bought at that time have to wait for the next bull to come. Bitcoin is not for short term but for long term so when you are investing you have to put that in mind. If you think you want to invest and reap within a few months time then you have miscalculation of the investment. So you have to do your homework very well before investing in bitcoin.

[Dr.Bitcoin_Strange]

bitcoin is not a get quick rich scheme, those who bought at that time have to wait for the next bull to come. Bitcoin is not for short term but for long term so when you are investing you have to put that in mind. If you think you want to invest and reap within a few months time then you have miscalculation of the investment. So you have to do your homework very well before investing in bitcoin.

You are very correct, mate. Bitcoin is never a get-rich-quick scheme, but some people think it is. That's why they end up making mistakes while investing in it. The mistake I mean is those who are very impatient with their investment; such people really do not wait to see Bitcoin grow during the bull market. Before getting to the bull market, they end up selling their Bitcoin at a low price, and when they see the price pumping during the bull season, that's when they want to buy for the sake of making a short-term profit. Because of the chase for short-term profit, they could have the fear of missing out and end up buying Bitcoin at its very high price, like some people who bought Bitcoin at $65k because they thought it would reach $100k. Those people got so disappointed that they had to hold on until another bull market.