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Author Topic: Just hold in patience, nothing can stop the raging bull when it comes  (Read 600 times)
AmoreJaz
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February 16, 2024, 10:44:55 PM
Last edit: February 16, 2024, 11:26:52 PM by AmoreJaz
 #41

For me, patience is the main concern; I don't have enough patience. Crypto started moving up when I sold. A few cryptos, including Bitcoin, I am holding, but, for short, when I sell them during the pump, it doesn't go back to that price again. That means my patience power is quite low, or I am too greedy to take a short trade. However, I am still holding a part of my portfolio in crypto and some in stable coins. So when I dump the market, I can take advantage. For the holdings, I won't sell them until they reach the target.

also, consider the factor that not all holders can wait for long as they have other needs for their funds. hence, some are selling even if their target price is not reached. as holders have different needs and targets, some are selling even if the price level is below their target. so long it is higher than your buying price, i guess, you can thank yourself for not getting negative on this market. 

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February 16, 2024, 11:00:41 PM
 #42

Patience is the key here, but people usually don't have it. We will see a lot of sellers right after next dip

See one of the key features of been patient to hold on to your coin even during the dip period is when you are comfortable with losing that coin. This is where some investors actually make mistakes most especially newbies. Once they see a pump happening they FOMO into buying and most at times it is with an amount to huge that they can’t afford to lose or the amount they need in a short period of time. So this kind of investors you can’t simply take them away from panic sells during dips or small pumps.

We cannot get anywhere in the market without making some mistakes. We all made mistakes and learned from them. The most important thing is that we learn the truth as a result of the mistakes we make and do not repeat these mistakes in the future. That's why there are many new investors in the market making the moves you mentioned. In fact, among the events that cause the market to become active and new users to constantly come, there are also people who make mistakes in the market. While these people learn from their mistakes and make profits from their investments, they tell new investors about their experiences and help them come to the market.

There are all kinds of investors in the market. As we spend time in the market and learn from our mistakes, we make smarter moves. This is a process and many people have gone through these processes and continue to go through them.

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February 16, 2024, 11:16:55 PM
 #43

With the great surge in Bitcoin price this year, I believe that we will surpass the last ATH of Bitcoin after the Bitcoin halving. This is the time to patiently hold and wait for the peak price. Despite the fact that no one can accurately tell what the actual and last price of Bitcoin will be during the bull market, I suggest that an investor set a certain price at which they would want to sell their coin. If the price of Bitcoin begins to pump more than it has already done, some people will be tempted to sell all their holdings at once, which is not right because they might still fall back to regretting why they sold so early when they see Bitcoin going about $100k or $120k.The approach that I think is more right to sell is to set at least three or four prices at which you expect to sell off your holding in fractions, just like DCA. It will reduce the urge to sell off all asset at once if the price just gets to $65k or $80k.

Right. Setting multiple sell prices in increments makes sense ansd gradual selling can help mitigate the risk of missing out on potential gains if Bitcoin continues to surge. Helps avoid FOMO or selling too early. Just ride the waves and cash in gradually

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February 17, 2024, 01:20:22 AM
 #44

I do remember earlier this year or so, when bitcoin just showed its first sign of bull or we were still anticipating, i tried telling some of friends that we might be entering a bull soon cause for a while now since 2021 bitcoin has not come anywhere near its last ATH and some of my friends that lump summed during that period are still on a lose on their portfolio and were thinking of selling, even when bitcoin reached 41k and then reduced back to 35k when Grayscale where selling massively I could see lot of tension on some persons, then it occurred to me every time something new wants to happen in bitcoin history it always brings this panic that causes the weak hands to sell, I did my best telling them to hold a little longer and I won't blame them, especially when what they had planned to use the money for is due and some would say how would you know what it's feels when your just starting, yes true I might not have been in the business of holding for long but one tho I am sure about is nothing can stop the raging bull when it comes.

We all know that bitcoin would only continue to be scare as times goes, right now their is no asset that can be more scarce than bitcoin, not even gold and bitcoin offers more than an investment opportunity but also a good store of value.
And right now I can see a lot of happy faces as bitcoin reaches a new hight of 51k, I do believe a little correction might occur, but let's not be surprised that all our patients and steady buying might payoff soon as bitcoin can reach a néw ATH of 100k, its still early in the year and who knows what to expect.

Just hold and keep patience right by your side.
Selling now it makes little sense, everybody who has been in the crypto world for a while should know that. And being patience is probably the key factor in the crypto world, it's not easy, it's stressful, sometimes you really want to give up but if you make it you are compensated with some major rewards and huge satisfaction! I believe too that this cycle we'll see $100k.

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February 17, 2024, 02:34:18 AM
 #45

I remember those discussions I had when Bitcoin was making its movements and the skepticism in the air.
I will hold on during the dips and not panic, I know that during these times the market weeds out the weak hands.
I keep a long-term perspective; I am on the journey toward a potential new ATH that keeps the excitement alive. I hope my patience and strategic buying will indeed pay off, patience is also indeed a virtue in this space.

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February 17, 2024, 03:56:06 AM
 #46

Right. Setting multiple sell prices in increments makes sense ansd gradual selling can help mitigate the risk of missing out on potential gains if Bitcoin continues to surge. Helps avoid FOMO or selling too early. Just ride the waves and cash in gradually
By this strategy, you are DCA your taking profit and it is a good strategy for taking profit.

With this strategy, you won't have to guess what is Bitcoin's new all time high, when is good time to take profit with only one sale. You will avoid a lot of uncertainty, headache by applying this strategy. More important, it will help you avoid missing a bull run and even new ATH.

If you wait for a new ATH, when it is confirmed, you already miss it and even stuck in a bear market. If you realize it too late, you can stuck in bear market with price lower than your entry, so you will have to wait like 3 or 4 more years to take profit with a next halving and next bull run.

Selling now it makes little sense, everybody who has been in the crypto world for a while should know that. And being patience is probably the key factor in the crypto world, it's not easy, it's stressful, sometimes you really want to give up but if you make it you are compensated with some major rewards and huge satisfaction! I believe too that this cycle we'll see $100k.
I can not disagree with you.

When Wall Street (Bitcoin Spot ETFs and investors spend money through those ETFs) are buying because they believe in future of Bitcoin and believe in new all time high, we as Bitcoin holders, if sell our bitcoins now makes no sense.

We will have big regret later if we sell our bitcoins, part of it or all of it, now.

R


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February 17, 2024, 06:48:19 AM
 #47

Patience is the key here, but people usually don't have it. We will see a lot of sellers right after next dip
Not all because not all are also willing to understand the volatile condition of the market. Because what is in their mind is that it is all in the pump and when the dip comes, they are in panic selling and assume that it will be the end of crypto and sell despite losses.

FUDs are an influencing factor for someone who is also in doubt and will think about selling during the correction. But those who have faith will take their breath and hold until the bull season comes. It was not wrong about selling but at least we made some profit, not with loss. It is necessary to stay strong and keep in mind that we are investing for the sake of making money, not just wasting it. 

Bitcoin is a profitable investment, so no need to doubt it and think negatively when the price drops as it eventually recovers after.
Patience, yes, that is what we are supposed to do.

R


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February 17, 2024, 07:13:41 AM
 #48

I remember those discussions I had when Bitcoin was making its movements and the skepticism in the air.
I will hold on during the dips and not panic, I know that during these times the market weeds out the weak hands.
I keep a long-term perspective; I am on the journey toward a potential new ATH that keeps the excitement alive. I hope my patience and strategic buying will indeed pay off, patience is also indeed a virtue in this space.
As long as what we hold is Bitcoin, there is no doubt, even though the risk will still exist. Patience and determination are the main keys in waiting for the bullish season to come, because no one will know for sure when it will come, it could be sooner or later than our predictions, but what we need to believe is that it will definitely come by forming a new ATH, so we must be able to strengthen our hearts

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February 17, 2024, 07:31:28 AM
Merited by The Sceptical Chymist (3)
 #49

I do remember earlier this year or so, when bitcoin just showed its first sign of bull or we were still anticipating, i tried telling some of friends that we might be entering a bull soon cause for a while now since 2021 bitcoin has not come anywhere near its last ATH and some of my friends that lump summed during that period are still on a lose on their portfolio and were thinking of selling, even when bitcoin reached 41k and then reduced back to 35k when Grayscale where selling massively I could see lot of tension on some persons, then it occurred to me every time something new wants to happen in bitcoin history it always brings this panic that causes the weak hands to sell, I did my best telling them to hold a little longer and I won't blame them, especially when what they had planned to use the money for is due and some would say how would you know what it's feels when your just starting, yes true I might not have been in the business of holding for long but one tho I am sure about is nothing can stop the raging bull when it comes.

Because of the volatility of bitcoin, it is always advisable to buy with money you can afford to lose and never invest with money you expect to use later. Investing in cryptocurrencies is not for the weak. It's really not easy to invest and watch your money decline.  Some people invest primarily out of fear of missing out, because they hear about how bitcoin grows and how people profit from it, they become interested because of this profit potential without seeking any form of knowledge about it. However, because they lack knowledge, some of these people even go so far as to lend money to make investments, which is a very bad idea when it comes to bitcoin. Lending money, using money intended for other things to invest and also investing more money than you can afford are all terrible ideas for bitcoin investment, because when things go bad and price doesn’t move as expected tension will begin to escalate, people will begin to panic and they will be forced to sell their bitcoins despite running at loss

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We all know that bitcoin would only continue to be scare as times goes, right now their is no asset that can be more scarce than bitcoin, not even gold and bitcoin offers more than an investment opportunity but also a good store of value.
And right now I can see a lot of happy faces as bitcoin reaches a new hight of 51k, I do believe a little correction might occur, but let's not be surprised that all our patients and steady buying might payoff soon as bitcoin can reach a néw ATH of 100k, its still early in the year and who knows what to expect.

Just hold and keep patience right by your side.

We are all thrilled that the much anticipated bull run is almost here. Those investors who were able to maintain their position during the bitcoin price decline will be excited to see the rebound, their perseverance has finally paid off. On the other hand, those who were unable to hold out and panicked will be kicking themselves for having sold their bitcoin. Because of bitcoin's potential, we should be aware that it will always recover from price drops. As a result, those that believe in it will never sell their coins, especially not while they are at loss. The secret to being a good investor is patience.

R


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Ultegra134
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February 17, 2024, 07:41:16 AM
 #50

I don't think if any terms Bitcoin investors would ever want to sell off their Bitcoin when they have alternative source of incomes to survive their financial demands while with the awareness that something huge profitable as the bull-run is coming behind the corner sooner or later.

Earlier on, Bitcoin investment requires the inventors to be engaged on Alt financial sources due to the time factors (patient) implied as the formula for Bitcoin Investors to make it appreciably and probably at when there is increments in the market.
I am sure if those friends had sold their Bitcoins before these days of the bull-run, they would be regretting it by now. Although, we still need to consider that no matter how attractive a treasure is, something else which is about human life is worth than it so, literarily depends on how they spent the money sold of of it that would justify their emotional consciences in this fact but yet, "PATIENT is the watch ward if you must make it count appreciative in the Bitcoin crytop industry.
Depends on the individual. We've seen a few stories in the forum of users barely making ends meet but investing in Bitcoin simultaneously. These individuals are way more likely to sell earlier than someone who's better off financially. I personally have a job and a steady source of income; any Bitcoin I have is through signature campaigns; therefore, I don't need the money in the near future. There are others, however, that may consider taking profit, provided that they've bought at a lower price, as there have been an abundance of opportunities in the past two years.

I also believe that there's a large number of traders who have sold or are willing to sell and proceed to wait for the upcoming dip to repurchase at a lower price.

R


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Troytech (OP)
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February 17, 2024, 07:50:36 AM
 #51

Every long-term investor knows that it is not the right time to sell Bitcoin, as there is a good chance that the price will rise. Therefore, whoever has not sold within 16 thousand dollars will not sell now and will definitely make profits. The strength of Bitcoin can wait. The longer you wait, the greater the chance that your investments will achieve a loss. Less and so on.
I advise your friends to think carefully before investing and to forget Bitcoin after buying it (I advise them to use a good wallet that has cold storage capabilities and that it is open source) and after more than 3 years they can safely sell their bitoin without loss.


The problem Is not everyone would have that patience to hold bitcoin for another 3 years or so and even with the bullrun coming you would still holders shaking cause of uncertainty and we can all say that one of the reasons we are so confident about bitcoin is we are in a crypto community with a lot of experienced people and for those outside it takes a lot of research and determination for them to hold with confidence, some are already selling with the little Profile on their portfolio some would sell if a little price correction comes and maybe we are back to 45k or 48k, lots of weak holders out there bro.

And I guess you were trying to say something different here
"The longer you wait, the greater the chance that your investments will achieve a loss. Less and so on.", bitcoin has proved by history that the longer you hold the more the profits and this is because holding causes the asset to be scarce and therefore it increases in value, so i think you should edit that statement unless you have some fact you want to share.

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February 17, 2024, 08:42:51 AM
 #52

Every long-term investor knows that it is not the right time to sell Bitcoin, as there is a good chance that the price will rise. Therefore, whoever has not sold within 16 thousand dollars will not sell now and will definitely make profits. The strength of Bitcoin can wait. The longer you wait, the greater the chance that your investments will achieve a loss. Less and so on.
I advise your friends to think carefully before investing and to forget Bitcoin after buying it (I advise them to use a good wallet that has cold storage capabilities and that it is open source) and after more than 3 years they can safely sell their bitoin without loss.


The problem Is not everyone would have that patience to hold bitcoin for another 3 years or so and even with the bullrun coming you would still holders shaking cause of uncertainty and we can all say that one of the reasons we are so confident about bitcoin is we are in a crypto community with a lot of experienced people and for those outside it takes a lot of research and determination for them to hold with confidence, some are already selling with the little Profile on their portfolio some would sell if a little price correction comes and maybe we are back to 45k or 48k, lots of weak holders out there bro.

And I guess you were trying to say something different here
"The longer you wait, the greater the chance that your investments will achieve a loss. Less and so on.", bitcoin has proved by history that the longer you hold the more the profits and this is because holding causes the asset to be scarce and therefore it increases in value, so i think you should edit that statement unless you have some fact you want to share.

Because sometimes some people caught up with the idea that there will be a correction to come but they didn't know on when this one to happen that's why they always got afraid on situation that they think to risky to them that's the reason why sometimes they commit mistakes regarding on their supposed to be holdings.

Its important to gain knowledge and I understand that newbie will came into this situation since we all experience that and once they learn to hold on their patience also they will not affected with any news for sure their decision to hold will not get affected by any fuds spread.

Sometimes its not about the length but all about how the market reacts when somethings bullish trend will happen.

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February 17, 2024, 09:05:39 AM
 #53

Patience is the key here, but people usually don't have it. We will see a lot of sellers right after next dip

Yes patience really plays an important role while investing for long term. I am observing currently that many people are happy by seeing Bitcoins crossing 50k usd. They are even selling the coins in this cheap price. This only proves that they don’t have proper knowledge about the coin, and undervaluing it. If they could have shown more patience, then definitely in next few months they could have made double the price by selling it. Nevertheless, we can’t force the others. Let’s see how much more time Bitcoins take to cross the ATH price.

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February 17, 2024, 10:27:05 AM
 #54

It always takes time for something to take effect.  So it is a false hope to think that Bitcoin will kick in as soon as the ETF were approved, it will take time and the current progress of Bitcoin shows that its true.  It was stated that one of the reasons why Bitcoin price is rallying is due to the fact that ETF has gained momentum and its volume is getting larger and larger.
Yes, That's what I said as well. ETF is one of the reasons of Bitcoin has pumped, But it is not the only reason why Bitcoin started to gain again. Bitcoin was around 25-27K for a while and suddenly increased to the 40K to 45K range even before the ETF approval. So, I won't say that Bitcoin pumped just because of the ETF approval. But, it has an effect.

I don't know if the bull already started but I agree that one of the key points in getting profit in Bitcoin is having patience.  By holding Bitcoin and waiting for years is not in vain because Bitcoin market performance often peaks every 4 years and often starts when the halving happens.
I have a feeling that the Bull run already started. Maybe this is too early to judge, but the bull run has started already. Probably it will have more fuel once the halving is done.

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February 17, 2024, 10:32:36 AM
 #55

Every long-term investor knows that it is not the right time to sell Bitcoin, as there is a good chance that the price will rise.
It's not just with long term investors alone, the regular investors know this too. Except for emergencies of health and exigencies, I don't think anyone should sell now. I won't even encourage anyone to sell whatever altcoins they're hodling now untill we've passed the Bitcoin halving. April is just around the corner for that event and so a little more wait won't kill anyone.

Quote
I advise your friends to think carefully before investing and to forget Bitcoin after buying it (I advise them to use a good wallet that has cold storage capabilities and that it is open source) and after more than 3 years they can safely sell their bitoin without loss.
Three years from now will be in the midst of another bear season. Anyone who hodls beyond 2025 is likely to have their portfolio dipped. This year and next will create more profit for anyone who invested early this year or last year and it will be wise not to let it lie idle in a wallet for the bear to catch up with it again.

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February 17, 2024, 12:01:23 PM
 #56

Every investment will be successful, if the investment is long-term. Almost every Bitcoin investor thinks and hopes that Bitcoin will soon reach new highs and it will be above 100k. Bitcoin price is currently on an growth. Currently, the movement of Bitcoin price increase proves that Bitcoin will definitely succeed. In order to achieve only good, Bitcoin must be held for a long time. So just hold long time, and keep biggest profit.

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February 17, 2024, 12:17:18 PM
 #57

Every investment will be successful, if the investment is long-term. Almost every Bitcoin investor thinks and hopes that Bitcoin will soon reach new highs and it will be above 100k. Bitcoin price is currently on an growth. Currently, the movement of Bitcoin price increase proves that Bitcoin will definitely succeed. In order to achieve only good, Bitcoin must be held for a long time. So just hold long time, and keep biggest profit.
Well, we are still not sure about what will happen in the next bull run: will bitcoin reach another ATH or all-time high, or will it just have a full-blast increase in price? We noticed in the recent news in the bitcoin price that it touches 51k dollars, which is a good position if it happens you buy bitcoin when its price drops below $40k when the ETF has been approved. Luckily,  I brought some satoshi there and it gained a good profit that I was not expecting. Do I sell the assets? No, I will see until the next bull run comes; I'd rather aim for a higher one as I know bitcoin will not disappoint, but of course I have grounds why I decided to wait for more until I sell some bitcoin assets; it's not just by instinct or what; I have done some analysis and thinking.

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February 17, 2024, 12:34:33 PM
 #58

what you did to your friend was a good thing and now it has been proven that the price of bitcoin has shown good things and of course this is the impact of the btc Halving soon. and I am also happy to see the increase in the price of bitcoin which has managed to reach $52k and this seems to be proof that bitcoin has great potential to break through to a new level and indeed we have to be patient and strong enough to hold on and indeed if the bull is raging it is certainly very difficult to stop it.

I think there are certainly many people who are happy now, like the people who bought BTC at a price of less than $20k and are still holding strong until now. Yes, if Bitcoin reaches new ATH, of course that is the hope of people who invest in BTC, hopefully it will reach $100k.

But yes, patience is really needed and that is one of the keys to successful investing in BTC.
Of course, the highest price peak for BTC will be during the Bull Run.

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February 17, 2024, 12:41:44 PM
 #59

It's clear that in this space, patience is always especially important, opportunities always exist and they don't come into everyone's pocket but you have to find them yourself.

I would say that the excitement and also the factions are waiting for a correction or are still skeptical with the market, and everything brings a market with winners and losers. In the long term, patience is probably always the most basic investment strategy. I have a little hope that we will be able to reach a new ATH in 2024.

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February 17, 2024, 01:02:14 PM
 #60


It's not just with long term investors alone, the regular investors know this too. Except for emergencies of health and exigencies, I don't think anyone should sell now. I won't even encourage anyone to sell whatever altcoins they're hodling now untill we've passed the Bitcoin halving. April is just around the corner for that event and so a little more wait won't kill anyone.

And that's the main reason long term holders should plan for emergencies too, cause that's the real enemy of holding, if something really urgent occurs and you have no emergency funds at hand or maybe reserve cash your only next option would be to dip your hands into you holdings to solve such problems, I think it's necessary for us to always build our emergency funds and reserves as we are investing in bitcoin if we really want to hold as we plan too.

Three years from now will be in the midst of another bear season. Anyone who hodls beyond 2025 is likely to have their portfolio dipped. This year and next will create more profit for anyone who invested early this year or last year and it will be wise not to let it lie idle in a wallet for the bear to catch up with it again.

Everyone has a withdrawal plan but I don't think It should be within our first 4 years of holding especially if we are using DCA, just how much bitcoin have you accumulated that your planing on seeling, we all know bitcoin has very good potentials and we are sure it would continue to gain value over time as the law of scarcity supports, I thi k everyone should also have an amount of bitcoin they don't plan to sell or liquidate any time soon and by soon I mean in the next 8-10 years or so, but I guess it's a thing of choice at the end of the day, not everyone would see the same potential in bitcoin.

You don't want to sell and then start think about starting the whole accumulation process again, at least reserve a little for longer term holding

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