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Author Topic: Are you still holding  (Read 306 times)
sunsilk
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March 30, 2024, 11:53:59 AM
 #21

I am not selling my Bitcoin holdings in the current market, I plan to hold Bitcoin for the long term. However, when I invested in bitcoins I am very profitable according to the current market, where even after the recent bitcoin ATH, I had no urge to withdraw my bitcoins. Next month Bitcoin will be halved yet Bitcoin holds its value. 
Most of the folks that have bought years ago are in profit already right now. I doubt that there are still folks that have bought during the peak of 2021 and are still holding now. But if they do, they are either break even or a bit in profit.

It is difficult to analyze whether the price will increase before the Bitcoin halving but I look forward to the bull run after the halving, when the price of Bitcoin will exceed $100k.
It is no brainer, don't worry once the halving is done then we're going to see the price increase and it's gotta be more. If it won't happen next year then as early as before this year ends, we'd see the ATH of it.

But I am holding on the pattern that it will happen next year.

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March 30, 2024, 12:02:30 PM
 #22

It depends on the funds you have to hodl. For a beginner, electrum is the cheapest and easiest way to secure his satoshis, but as your holdings grow it makes sense to invest in greater security, although there are good enough cheaper alternatives other than Passport.
Electrum on an airgapped device is also as safe as Passport hardware wallet and other hardware wallets or cold wallets, but as long as the airgapped device remain being airgapped. It is a cold wallet. It can be used for larger amount of coins. But another important thing is how you securely store your seed phrase. I prefer to use passphrase to extend the seed phrase to make the offline backup also safe.

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March 30, 2024, 03:05:20 PM
 #23

It's wise to take profit at a regular interval instead of hodling forever as it's more profitable to play according to market trend. I usually try to make most of it during bullrun and it doesn't have to be at exact peak because it's difficult to evaluate the peak hence I usually try to get my capital out of it and then go for profits. Only long term investors can go on hodling for a longer period without taking profits but mid and low scale traders cannot go on without profit for longer period of time. I don't mean panic selling but selling during the profitable market conditions.

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Lucius
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March 30, 2024, 03:15:58 PM
 #24

Are you still holding??
It's  no news that halving is few weeks ahead.
Don't  be motivated wrongly towards selling your holdings as you will eventually  witness how your  loss could have turned into profit or how you could have made more profit if you've hold but it might be too late then ...


Everyone probably has some exit point, but I stopped thinking that way a long time ago because I think it's much better to have Bitcoin than fiat. Of course, from time to time I will sell a small part of what I have in order to buy/pay for something, and I also regularly pay for various services using BTC as a currency because that's why it exists.

I honestly do not envy those for whom Bitcoin is just an ordinary investment, in the end they will never escape from at least trying to be somewhat financially independent.

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You could add a tag of Bitcoin  price (current while posting) at the end of  your reply


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Aanuoluwatofunmi
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March 30, 2024, 03:24:05 PM
 #25

In other to make it a more safer practice on your bitcoin holding, at least be able to afford the use of a none custodial wallet for your own good, it does not end only by holding, but we have to device a secure means to hold our asset whereby we can always have access and control over it no matter the circumstance, this can be achieved with a non custodial means of storage, many already have made some mistakes about this and we shouldn't follow on same pattern.

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PX-Z
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March 30, 2024, 04:35:09 PM
 #26

Oh! I didn't know this new model, but it looks quite good!! A bit expensive, as you said, but 199 USD is not that much if you compare it with what others devices costed, like the Ledger Blue (over 300 USD a few years ago which, btw, was discontinued last year Roll Eyes).

It depends on the funds you have to hodl. For a beginner, electrum is the cheapest and easiest way to secure his satoshis, but as your holdings grow it makes sense to invest in greater security, although there are good enough cheaper alternatives other than Passport.
Tbh I don't like those HW with large screens like smartphones or just simply like a phone. I don't get why they want to have such larger device that cost a lot, when it works the same on just a piece of a USB flash drive like device. Yes, it has better user experience, but those really cost a lot imo even for a man with thousands of $$ investments will think twice to buy it, unless he wants to have a collection of HW.

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March 30, 2024, 05:11:54 PM
 #27

It's wise to take profit at a regular interval instead of hodling forever as it's more profitable to play according to market trend. I usually try to make most of it during bullrun and it doesn't have to be at exact peak because it's difficult to evaluate the peak hence I usually try to get my capital out of it and then go for profits. Only long term investors can go on hodling for a longer period without taking profits but mid and low scale traders cannot go on without profit for longer period of time. I don't mean panic selling but selling during the profitable market conditions.
Many people believe that with this strategy, one might actually miss the potential of bitcoin or possibly run out of bitcoin and buy back at a higher price than they sold. Let's assume someone who sold when bitcoin was at $50 to $55k and hoping to buy back when it will fall back, but since then bitcoin hasn't fallen and it has kept trading above 60k. Don't you think people using this your strategy will end up buying bitcoin at a higher price than they sold? And if they buy at the current rate they are the ones losing. So instead of taking little profits by selling at every little price increase, why not just hodl for long term. Long term holders are always the winners. Don't you think so?

God bless u
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March 30, 2024, 06:04:28 PM
 #28

I am not selling my Bitcoin holdings in the current market, I plan to hold Bitcoin for the long term. However, when I invested in bitcoins I am very profitable according to the current market, where even after the recent bitcoin ATH, I had no urge to withdraw my bitcoins. Next month Bitcoin will be halved yet Bitcoin holds its value. It is difficult to analyze whether the price will increase before the Bitcoin halving but I look forward to the bull run after the halving, when the price of Bitcoin will exceed $100k.

That's a good strategy you are working on but I have a different opinion that I want to share with you. When BTC reached its highest ever why didn't you sell the coins and take out the profits? Even though you knew the market will dump down and you will again get a chance to invest in BTC.

It was more beneficial if you would have sold the coins at the highest peak. Then you should have waited for a dip or the halving when it occurs you can again invest into BTC and have some more healthy profits on your investments. What's your opinion about it?

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March 30, 2024, 10:43:26 PM
 #29

It's wise to take profit at a regular interval instead of hodling forever as it's more profitable to play according to market trend. I usually try to make most of it during bullrun and it doesn't have to be at exact peak because it's difficult to evaluate the peak hence I usually try to get my capital out of it and then go for profits. Only long term investors can go on hodling for a longer period without taking profits but mid and low scale traders cannot go on without profit for longer period of time. I don't mean panic selling but selling during the profitable market conditions.
This is just the beginning, you will become vulnerable when the first loss is been triggered but never to give up but focusing on the project. We have whales where no body have to argue with because they're the ones that manipulate. The market conditions are not always friendly to those that digged out important information, which should be the core information that passed out. Why OP asking for those holding? My business and yours is exciting but different in most races.

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March 31, 2024, 04:17:01 AM
 #30

Recently, we've experienced some dips in the bitcoin market and now Bitcoin is back is back to 71k (yeah probably  at the time I was typing  Grin)and maybe more before I post it or while you're  reading  it Smiley

Are you still holding??
It's  no news that halving is few weeks ahead.
Don't  be motivated wrongly towards selling your holdings as you will eventually  witness how your  loss could have turned into profit or how you could have made more profit if you've hold but it might be too late then ...

Bitcoin I still hold and will hold onto my Bitcoin until the next bull market. I'm not just holding bitcoins, I'm also growing investments using the DCA method. Maybe many people in this bull market got too excited about the price rise some people got excited and sold their investments but I didn't get excited at all because I know the next bull season to beat will be more. Here I definitely set a safe wallet to hold my investment I keep the seed phrase of my wallet very safe because I know if the invested wallet is not safe it can be very harmful for me.

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