Some are HODLing it wrong

[Bluedrem]

When Bitcoin is calculated in terms of dollar value, if the price of Bitcoin decreases, people will be disappointed when they see the portfolio because then the amount of dollars will be less compared to Bitcoin. But a long-term Bitcoin investor should never compare Bitcoin with the dollar because even if the point they are entering is the highest price at that time, if they keep holding Bitcoin, they will be able to profit several times more from it in the future, no matter how much the price of Bitcoin decreases in the meantime. And in this case, to maintain the Bitcoin portfolio, that is, to make the investment long-term, one must invest using discretionary income so that the continuity of the investment can be maintained. To be honest, if someone can make their investment long-term in this Bitcoin investment, then he will definitely be able to profit a lot more.

[Hewlet]

Bitcoin didn't do a damn thing wrong. It's just sitting there, being Bitcoin. But the structures that people created around it (the leverage, the debt, the complicated products), those are what's breaking. You can really believe in Bitcoin with your whole heart and still get torn up if you're holding it through the wrong vehicle. The asset and the wrapper are NOT the same thing. A lot of people are about to find out the hard way.

The only thing one can literally take from this post is the fact that, the way you get the money you used in investing in bitcoin matters a lot. If for instance you borrowed to invest and then bitcoin goes down and you're yet to pay off the loan, you're going to face serious challenges because the money you used in investing in the bitcoin is not yours in the first place.

If the amount you used in buying bitcoin isn't small, but her is from a source you won't get pressured to pay off at the time the market is down, there's still nothing to be worried about. You can continue holding even at the time of DIP and if time and resources permits, you can even use the DIP as an opportunity to buy more chunk of bitcoin.

[Zackz5000]

Exactly , things like this usually bring intense pressure to your holding . We all know that bitcoin isn’t some kind of charity that you will just buy and make double or triple of your money once like a Ponzi scheme , rather bitcoin work with growth and a good utility .

You're right, most people feel that the small portion of bitcoin they are holding would yield 10x thier capital in the future, not knowing that the stash of bitcoin they have in thier portfolio is what determines if they will be in bigger profit or not. because we can't possibly Invest maybe $100 in bitcoin and start having bigger expectations in the future no, if you plant enough crops in your farm land, when it's due to harvest you would also get it in bulk and so as bitcoin investment so whoever that is going with this method should not deceive him or herself by thinking that they are HODlers. or they should stop having bigger expectations. If you really want to make huge profit from bitcoin investment then you need to ensure that you have stack enough stash of bitcoin in your portfolio before expecting a huge potential return.

Hodling a small portion of Bitcoin in a long term will also yield smaller profit so also as hodling a large portion of Bitcoin for a long term will also yield a huge profit possibly. Having a large Bitcoin portfolio will determine how profitable an investor will be. If na investor can be accumulating Bitcoin regularly and consistently using the DCA strategy doing it for long term like 4-10 years will  definitely get a good stash of Bitcoin, most importantly investing in Bitcoin should be with our discretionary income because we are not either guarantee of profit in our Bitcoin investment.

[whiteblue]

Buying bitcoin wrongly leads to more problem instead of securing you will be losing, therefore you are to buy bitcoins as it has been said with your discretionary income and nothing either daily, weekly or monthly depends on what you can afford,  it is better you are slow in your accumulation than wanting to be fast and making it big then put yourself in a tight bent corners which will lead you to a low or no coiner.

We must have a long-term mindset when it comes to holding Bitcoin. I agree with you on the purchase method. It's better to do it slowly and minimize risk from the start, and to use and store Bitcoin safely if intended for long-term use.
Getting rich quick is an illusion. In fact, people who bought Bitcoin before 2015 had to wait several years to reap success in Bitcoin investments if the funds allocated were small.

[maknyos]

Buying bitcoin wrongly leads to more problem instead of securing you will be losing, therefore you are to buy bitcoins as it has been said with your discretionary income and nothing either daily, weekly or monthly depends on what you can afford,  it is better you are slow in your accumulation than wanting to be fast and making it big then put yourself in a tight bent corners which will lead you to a low or no coiner.

We must have a long-term mindset when it comes to holding Bitcoin. I agree with you on the purchase method. It's better to do it slowly and minimize risk from the start, and to use and store Bitcoin safely if intended for long-term use.
Getting rich quick is an illusion. In fact, people who bought Bitcoin before 2015 had to wait several years to reap success in Bitcoin investments if the funds allocated were small.

The main mistake lies in someone's desire to get rich quickly. If that's the mindset from the start, we'll always be in a difficult situation. Even though we might get the best price, if our goals are wrong, we might not achieve the best results.
I once saw a friend of mine cut his losses the same day he bought, even though the coin he bought was Solana, which is one of the recommended ones. However, he had the wrong goal from the start, although I still understand it because he was new to crypto at the time.

[Mihaylovic]

i think it is just about what you are exactly hodling. If you hodl bitcoin, it is the right thing that give you an earlier retirement and good return. But people mostly prefer to hold some altcoins instead of bitcoin and loosing their money. Bitcoin is the gold of crypto market, rest is plastic.

[Botnake]

Buying bitcoin wrongly leads to more problem instead of securing you will be losing, therefore you are to buy bitcoins as it has been said with your discretionary income and nothing either daily, weekly or monthly depends on what you can afford,  it is better you are slow in your accumulation than wanting to be fast and making it big then put yourself in a tight bent corners which will lead you to a low or no coiner.

We must have a long-term mindset when it comes to holding Bitcoin. I agree with you on the purchase method. It's better to do it slowly and minimize risk from the start, and to use and store Bitcoin safely if intended for long-term use.
Getting rich quick is an illusion. In fact, people who bought Bitcoin before 2015 had to wait several years to reap success in Bitcoin investments if the funds allocated were small.

If we think it deeply, there is no competition in bitcoin as to who owns the biggest amount of bitcoin, but due to our greed and getting rich quick illusion, we end up adopting the wrong decision and apply it, thus we reap not profits but losses.

Bitcoin is ideally a long-term investment, so it should remain like that, and not like a ponzi scheme that it will lead you into riches if you keep maximizing your accumulation on it. It's always better that way to accumulate bitcoin slowly but surely.

[Bitcoin_people]

...

Bitcoin didn’t fail, people messed up how they held it. The price dropped but risky moves like borrowing and too much hype made it worse. Believe in Bitcoin but use smart and simple ways to hold it.

Bitcoin never fails; it's people who don't understand how to use it that fail. Therefore, in this case, the holders shouldn't be blamed, as those who have held Bitcoin are still better off than those who have never held Bitcoin in their lives. Because those who have held Bitcoin and then sold it are people who already know about Bitcoin and are familiar with it, even if not in great detail. In this regard, I simply hope that all Bitcoin holders won't be too hasty in making decisions when they see the price of Bitcoin decline in the market.

Yes, Bitcoin is not designed to fail, but those who have less experience and skills fail. Basically, those who hold Bitcoin must have planned for the future and are ready to hold it for a long time. But even among these, there are some investors who face losses due to their own mistakes, but if they can prolong their investment properly and invest with experience, they will succeed and not fail. When the price of Bitcoin drops, there are some people who sell in a hurry, basically those people are not real investors, fear works in them. But basically when the market drops, there are many people who use DCA to buy and increase their capital, so that they can go towards success in the future.

[wmaurik]

i think it is just about what you are exactly hodling. If you hodl bitcoin, it is the right thing that give you an earlier retirement and good return. But people mostly prefer to hold some altcoins instead of bitcoin and loosing their money. Bitcoin is the gold of crypto market, rest is plastic.

You should be able to provide sound advice to those who don't yet know that Bitcoin is far superior to all the altcoins they're hodling, so they can avoid improper asset storage. Some of them may not know Bitcoin and still don't understand the difference between it and other altcoins. Others may be looking to get rich quick with altcoins, so they've started ignoring Bitcoin, which is the wrong approach and will ultimately lead to faster losses. So when you find people like that, advise them on the best of whatever they already hold besides Bitcoin.

[barisbilgili]

i think it is just about what you are exactly hodling. If you hodl bitcoin, it is the right thing that give you an earlier retirement and good return. But people mostly prefer to hold some altcoins instead of bitcoin and loosing their money. Bitcoin is the gold of crypto market, rest is plastic.

I'm sure many of our friends here hold Bitcoin, and that's with a clear understanding. The rest are holding altcoins with false hopes of making huge profits, and some are even holding memecoins hoping for significant multiplication. That's clearly gambling.
So, those of us here who have been familiar with Bitcoin for a long time can more easily hold with great confidence. Hold Bitcoin for the future, and with strong conviction, I don't think we're ever afraid of anything, even when the market is correcting. I say this based on my personal experience.

[Betwrong]

~ I'm sure many of our friends here hold Bitcoin, and that's with a clear understanding. The rest are holding altcoins with false hopes of making huge profits, and some are even holding memecoins hoping for significant multiplication. That's clearly gambling.
So, those of us here who have been familiar with Bitcoin for a long time can more easily hold with great confidence. Hold Bitcoin for the future, and with strong conviction, I don't think we're ever afraid of anything, even when the market is correcting. I say this based on my personal experience.

But sometimes it takes so much patience it's almost unbearable to wait until a new ATH. And many people give up and doing it wrongly, "HODLing it wrong" like the OP said. You should prepared for years of waiting and not selling a thing. That's why it's very important to not invest everything you have in BTC because it'll be extremely hard to live for years this way.

[Natalim]

Bitcoin didn't do a damn thing wrong. It's just sitting there, being Bitcoin. But the structures that people created around it (the leverage, the debt, the complicated products), those are what's breaking. You can really believe in Bitcoin with your whole heart and still get torn up if you're holding it through the wrong vehicle. The asset and the wrapper are NOT the same thing. A lot of people are about to find out the hard way.

The only thing one can literally take from this post is the fact that, the way you get the money you used in investing in bitcoin matters a lot. If for instance you borrowed to invest and then bitcoin goes down and you're yet to pay off the loan, you're going to face serious challenges because the money you used in investing in the bitcoin is not yours in the first place.

If the amount you used in buying bitcoin isn't small, but her is from a source you won't get pressured to pay off at the time the market is down, there's still nothing to be worried about. You can continue holding even at the time of DIP and if time and resources permits, you can even use the DIP as an opportunity to buy more chunk of bitcoin.

Everyone is free to invest and hold bitcoin no matter how long its duration is. But here's the question, are you using your spare money or the borrowed ones? Because if you borrow some decent amount so you can maximize your bitcoin portfolio, your intention is good, but the way you did it is very wrong.

Bitcoin is very volatile, and that anytime its price will drop sharply and reach the bottom, and there you are trying to find solution on how you will pay the monthly interest of your debt, so instead of hodling it longer, you end up selling at a short term and sell at a loss, and that's where more investors are losing because they are holding with greed, not through patience and peace of mind.

[Youngrebel]

Bitcoin fell 30% from 109k to about 85k just recently. That's normal. We've all seen worse. Interestingly, there are some all in on Bitcoin lost way more than 30%. Not because Bitcoin failed them, but because the way in which they held Bitcoin failed them.

Look what happened to Strategy (the Saylor company). They borrowed billions in order to purchase Bitcoin. At one point, people were paying $2.50 to every $1 of Bitcoin the company actually owned, simply just because they believed in the story. That premium evaporated to basically nothing. BlackRock, Vanguard and Fidelity quietly sold up $5 billion worth of shares in Q3. S&P downgraded them to junk. There was one day in which 42.9 million shares were traded - massive volume, on a down day. That's what a handoff looks like. Big money out, small money picking up what they dropped. The company had even to set aside $1.44 billion in cash just to pay interest for the next year or two.

Bitcoin didn't do a damn thing wrong. It's just sitting there, being Bitcoin. But the structures that people created around it (the leverage, the debt, the complicated products), those are what's breaking. You can really believe in Bitcoin with your whole heart and still get torn up if you're holding it through the wrong vehicle. The asset and the wrapper are NOT the same thing. A lot of people are about to find out the hard way.

Sometimes, the fairs that make people sell off is due to inexperience.  Maybe its their first time of investing and they have little knowledge of how things work around there. Imagine its my first time of investment and theres a deastic price drop in the market ofcourse theres certainly going yo be that fear as a first timer.

[suhadi88]

Sometimes, the fairs that make people sell off is due to inexperience.  Maybe its their first time of investing and they have little knowledge of how things work around there. Imagine its my first time of investment and theres a deastic price drop in the market ofcourse theres certainly going yo be that fear as a first timer.

Off course an the fear stems from a lack of understanding of market conditions. This is often synonymous with corrections, especially if they last a long time or involve a rapid correction pattern that immediately forms a chart like a fragrant syringe. Panic will naturally arise, but if we remain steadfast and confident, the price will recover. Therefore, choosing a reliable coin or token is crucial, meaning one that is reliable and trustworthy. This is where trust arises when the coin or token is able to recover. Otherwise, the coin or token will not last long.

[Arenga pinnata]

When Bitcoin is calculated in terms of dollar value, if the price of Bitcoin decreases, people will be disappointed when they see the portfolio because then the amount of dollars will be less compared to Bitcoin. But a long-term Bitcoin investor should never compare Bitcoin with the dollar because even if the point they are entering is the highest price at that time, if they keep holding Bitcoin, they will be able to profit several times more from it in the future, no matter how much the price of Bitcoin decreases in the meantime. And in this case, to maintain the Bitcoin portfolio, that is, to make the investment long-term, one must invest using discretionary income so that the continuity of the investment can be maintained. To be honest, if someone can make their investment long-term in this Bitcoin investment, then he will definitely be able to profit a lot more.

Well, at least when we look at the amount of bitcoin we own rather than its price in currency, it can actually bring us more peace of mind. Even though ultimately we hope for a higher value. However, if the goal is long-term and we are confident that bitcoin will be much more valuable in the future, then continuing to accumulate it with cold hard cash set aside specifically for bitcoin in the long term would be better. We can see our portfolio grow satoshi by satoshi. And if we can't stand the price volatility in the market, then don't worry about it and focus on the amount of bitcoin we have and want to continue to increase. Personally, I don't care at all. And when the price drops, it's actually an opportunity to buy with the same fixed budget but get a larger amount.

[Cryptmuster]

Bitcoin fell 30% from 109k to about 85k just recently. That's normal. We've all seen worse. Interestingly, there are some all in on Bitcoin lost way more than 30%. Not because Bitcoin failed them, but because the way in which they held Bitcoin failed them.

Look what happened to Strategy (the Saylor company). They borrowed billions in order to purchase Bitcoin. At one point, people were paying $2.50 to every $1 of Bitcoin the company actually owned, simply just because they believed in the story. That premium evaporated to basically nothing. BlackRock, Vanguard and Fidelity quietly sold up $5 billion worth of shares in Q3. S&P downgraded them to junk. There was one day in which 42.9 million shares were traded - massive volume, on a down day. That's what a handoff looks like. Big money out, small money picking up what they dropped. The company had even to set aside $1.44 billion in cash just to pay interest for the next year or two.

Bitcoin didn't do a damn thing wrong. It's just sitting there, being Bitcoin. But the structures that people created around it (the leverage, the debt, the complicated products), those are what's breaking. You can really believe in Bitcoin with your whole heart and still get torn up if you're holding it through the wrong vehicle. The asset and the wrapper are NOT the same thing. A lot of people are about to find out the hard way.

Nothing new is happening in the market, Bitcoin repeats the same pattern every cycle. After reaching a high, there is a correction, and a search for a new bottom. This all happens over the course of a year, and then Bitcoin starts a new cycle and a new rise. That’s why you need to decide who you are, a long term holder or a trader who wants to sell at the highs and buy at the bottom. But in that case, you need to guess where that high will be. If you can’t do that, then just hold Bitcoin for as long as you can. I think that over the next 3 to 4 years, you will see a new ATH for Bitcoin.

[lornadane]

This is also a good reminder that leverage turns volatility into fragility. Borrowing to buy Bitcoin assumes price keeps rising and liquidity stays healthy. Once either breaks, you get forced selling regardless of long-term conviction. People confuse belief with risk management, and markets punish that hard.

[Fara Chan]

This is also a good reminder that leverage turns volatility into fragility. Borrowing to buy Bitcoin assumes price keeps rising and liquidity stays healthy. Once either breaks, you get forced selling regardless of long-term conviction. People confuse belief with risk management, and markets punish that hard.

What actually disrupts a person's conviction isn't risk management, but rather over-eagerness and an unwillingness to be patient over the long term, leading them to engage in activities that involve greater risk, such as trading with leverage, and starting to make assumptions like the ones you mentioned. Not everyone will listen to a good reminder, even if it's for their own good in the future. However, those who still desire to get rich quick will always prioritize personal assumptions and irrational actions in the market without considering the potential risks.

[Hamza2424]

Bitcoin didn't do a damn thing wrong. It's just sitting there, being Bitcoin. But the structures that people created around it (the leverage, the debt, the complicated products), those are what's breaking. You can really believe in Bitcoin with your whole heart and still get torn up if you're holding it through the wrong vehicle. The asset and the wrapper are NOT the same thing. A lot of people are about to find out the hard way.

Exactly bro, with time these investors will eventually understand what is the difference between real btc and paper btc as with paper btc they are just getting exposure to bitcoin not actually owning it. These are just balance sheet from the big companies and they are making a lot of money and using debt they are making more at the same time increasing he demand for btc too if noticed don't you think bro.

Like I know what is the point here that you made and I agree with it but still their presence has pumped it and helped us to make profit haha. But sure these investors who don't own the btc directly but getting exposure to it are doing wrong with themselves. 

[wiss19]

This is also a good reminder that leverage turns volatility into fragility. Borrowing to buy Bitcoin assumes price keeps rising and liquidity stays healthy. Once either breaks, you get forced selling regardless of long-term conviction. People confuse belief with risk management, and markets punish that hard.

What actually disrupts a person's conviction isn't risk management, but rather over-eagerness and an unwillingness to be patient over the long term, leading them to engage in activities that involve greater risk, such as trading with leverage, and starting to make assumptions like the ones you mentioned. Not everyone will listen to a good reminder, even if it's for their own good in the future. However, those who still desire to get rich quick will always prioritize personal assumptions and irrational actions in the market without considering the potential risks.

Unfortunately that is mainly because of social media. Because people keep seeing others who put up small amounts that they can also put up, and then those people making 10x or more in return for doing so. When you keep seeing the same thing on social media, you start to believe that you can also do it.

Plus, social media is designed to show you what you like, so if you keep watching those videos then it will show you more videos like that and in return you will think it is very likely to make it for yourself.