Some are HODLing it wrong

[CryptoYar]

[...]

Main reason for failure among people who hold Bitcoin is that they wrongly think that they do not need much knowledge to invest in long term and therefore, they purchase more than they can afford and are forced to sell when market drops. I would recommend that knowledge needed is not about technology but about personal finance and self control, which means you need to find your sleep number, which is amount you can invest without worrying, meaning you must be able to invest too much, even when you really believe in Bitcoin, because you will fail to make it when you cannot afford to lose. It is merely most important rule of investing. Greatest thing in world will be bad risk when you break first rule do not invest money you will need in near future.

[samadam007]

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.

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.

[wmaurik]

...

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.

[OsaiEmma]

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.

So basically, leverage trading Bitcoin is wrong, meanwhile, this is what provides the most volatility to Bitcoin, exchangers are among the top holders of Bitcoin, true, leveraging to hodl BTC(futures trading) is risky and there is more chances of having losses, but it is also healthy for Bitcoin overall.

[gunhell16]

It's quite simple: if we want a guaranteed ROI, we should only allocate to Bitcoin as part of the long-term category, so they won't be stressed out. Instead, as investors, we should just make holdings. Now, if they want the headache and stress, they will do short-term holdings then invest on not sure potential crypto coins, haha., but kidding aside only.

And as investors, we must also ensure that the assets we buy are potential investments here. As much as possible, the top 10 cryptocurrencies, to increase our chances of obtaining
huge returns on profit on the assets we hold for the long-term, right?

[betswift]

It's quite simple: if we want a guaranteed ROI, we should only allocate to Bitcoin as part of the long-term category, so they won't be stressed out. Instead, as investors, we should just make holdings. Now, if they want the headache and stress, they will do short-term holdings then invest on not sure potential crypto coins, haha., but kidding aside only.

And as investors, we must also ensure that the assets we buy are potential investments here. As much as possible, the top 10 cryptocurrencies, to increase our chances of obtaining
huge returns on profit on the assets we hold for the long-term, right?

If we have good risk-management and enough funds to sustain the accumulation - we are great to go in the long run and reap our rewards in the end, reaching our targets (eventually).

[SOKO-DEKE]

The main reason some people end up handling their Bitcoin in the wrong way is because of a lack of knowledge. Someone will almost always make wrong decisions about Bitcoin investment when he or she does not have the proper knowledge. Investors make wrong decisions because they lack proper information about Bitcoin. If they were properly informed about Bitcoin, I don’t think they would end up selling Bitcoin at the wrong time and making losses.

When I started my Bitcoin investment, I always wanted to invest all the money that came into my hands into Bitcoin. The period I started investing was during the bull run, and Bitcoin’s price was increasing. I was so happy and invested money that did not even belong to me, and that was when Bitcoin’s price crashed. I became really confused and sold my Bitcoin, even at a loss just to repay the money I had taken.

[puloweh555]

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.

That's true, we can't deny the fact that not everyone is holding it the right way, the market has been falling and some sold at the fall of the market, and immediately after that opted out the market begin to pump more and better, leaving them on losses already, not everyone holding understand the necessary things to do when there's a market fall and everything seems to be more volatile, and this is why we must develop a thicker skin before investing .

In my opinion, holding Bitcoin doesn't mean we shouldn't profit from price corrections. While we can't predict when Bitcoin will drop, the signs of an impending decline are sometimes clear as happened a few weeks ago. My goal is to hold Bitcoin for the long term, but when there are signs of a decline especially when negative news emerges, I will sell some and buy back when the price starts to show signs of rising.

This is necessary to increase the amount of Bitcoin, even with the same capital. My point is that holding Bitcoin is for the long term, but if you can identify opportunities to profit during a correction, there's no harm in taking profits and waiting for the right moment to buy back. Certainly every investor has their own approach to investing in Bitcoin as long as their goal is long-term.

[Maslate]

[...]

Main reason for failure among people who hold Bitcoin is that they wrongly think that they do not need much knowledge to invest in long term and therefore, they purchase more than they can afford and are forced to sell when market drops. I would recommend that knowledge needed is not about technology but about personal finance and self control, which means you need to find your sleep number, which is amount you can invest without worrying, meaning you must be able to invest too much, even when you really believe in Bitcoin, because you will fail to make it when you cannot afford to lose. It is merely most important rule of investing. Greatest thing in world will be bad risk when you break first rule do not invest money you will need in near future.

You know its easy to acquire knowledge, but what is hard is the application process. You tend to apply wrongly what you have acquired, maybe because the knowledge you have is not sufficient enough, that's why let's not put an end to learning because it is an endless process, most particularly in crypto where everyday is like you have to learn something new.

You have to learn from the old, successful investors, because there is no other way to succeed but to follow what they have been doing in the market, by navigating well the market uncertainty and risks.

[Fortify]

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.

That second to last point, them storing up US dollars to pay company dividends is maybe the dirtiest trick that they're trying to play - especially since the owner claimed that the US dollar is garbage on its way out. For someone that has so little faith in the dollar, they are sitting on a massive pile of it instead of pouring that into Bitcoin, that should tell you the real strategy going on here. Everyone who buys shares in that company are simply recycling cash upwards - the company issues more shares seemingly at random to fund more bitcoin buying, it is not an infinite money glitch and will all come crashing down in crazy style in future, but with a crypto friendly president that might be pushed out for years to come, or blow up under his watch.

[Obulis]

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.

No sooth sayer is needed to imagine that or note that or believe that the wrong vehicle is equal to accident that can take not just property but life even. It has never been a good idea to borrow money and do investment on every bases including Bitcoin. This is not about believing Bitcoin or not but about common sense. Controlling emotions and expectations can help manage or handle the urge to borrow and invest.

[Oasisman]

It's quite simple: if we want a guaranteed ROI, we should only allocate to Bitcoin as part of the long-term category, so they won't be stressed out. Instead, as investors, we should just make holdings. Now, if they want the headache and stress, they will do short-term holdings then invest on not sure potential crypto coins, haha., but kidding aside only.

Not all investors are alike though. Some just want quick results and fast profit, and so they prefer short-term term or they trade with other alts, vice versa with Bitcoin. This is what actually makes a healthy market, there should always be investors who will constantly move/trade assets, otherwise Bitcoin's value will become less volatile. If all of us will just hold it long-term, then Bitcoin will going to have a stable value. So, these people can give benefits to long-term holders, and if you are a long-term holder, you should thank them, lol!

[Kelvinid]

It's quite simple: if we want a guaranteed ROI, we should only allocate to Bitcoin as part of the long-term category, so they won't be stressed out. Instead, as investors, we should just make holdings. Now, if they want the headache and stress, they will do short-term holdings then invest on not sure potential crypto coins, haha., but kidding aside only.

Not all investors are alike though. Some just want quick results and fast profit, and so they prefer short-term term or they trade with other alts, vice versa with Bitcoin. This is what actually makes a healthy market, there should always be investors who will constantly move/trade assets, otherwise Bitcoin's value will become less volatile. If all of us will just hold it long-term, then Bitcoin will going to have a stable value. So, these people can give benefits to long-term holders, and if you are a long-term holder, you should thank them, lol!

There won't be market continuous significance if all people chose to hold for long term, there won't be thrill and excitement anymore that we can only felt with short-term trading. So different market activities contribute to the consistent development of bitcoin, and the market itself. Thus, we need not everyone to stick with bitcoin, as they also have their own bets with altcoins. And I don't see it wrong there, as long as there is proper risk management and consistent research on the coins you are trading/investing.

[summonerrk]

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, holding crypto assets is truly not a good decision. For example, when I made a lot of money during the ICO boom through airdrops and investing, I simply held onto my assets instead of selling at the peak. Ultimately, I watched Bitcoin fall from 60,000 to 14,000, and I saw my assets dwindle in dollar terms. And of course, I regretted my decision to simply hold them instead of converting them to stablecoins or fiat. I learned my lesson and realized that simply holding Bitcoin, while not a bad idea, isn't the most profitable.

[XOOMBOX]

The main reason some people end up handling their Bitcoin in the wrong way is because of a lack of knowledge. Someone will almost always make wrong decisions about Bitcoin investment when he or she does not have the proper knowledge. Investors make wrong decisions because they lack proper information about Bitcoin. If they were properly informed about Bitcoin, I don’t think they would end up selling Bitcoin at the wrong time and making losses.

When I started my Bitcoin investment, I always wanted to invest all the money that came into my hands into Bitcoin. The period I started investing was during the bull run, and Bitcoin’s price was increasing. I was so happy and invested money that did not even belong to me, and that was when Bitcoin’s price crashed. I became really confused and sold my Bitcoin, even at a loss just to repay the money I had taken.

Without knowledge or preparation people naturally misunderstand market movements especially when market are rising and people have a strong belief that the market will rise higher and that emotion leads many to take unnecessary risks. This is one of the most common mistakes made by beginners such as investing without having any money of their own.

And when people are making sudden decisions like this in Bitcoin or any volatile asset then they face with losses, so be afraid when the market falls and greedily buying when market rises are two of the biggest losses for most of the people. So what you really need is patience, accurate information and risk management and never investing beyond your means, whether it's short-term fluctuations or emotional decisions.  And in my opinion it's better not to make any decisions based on emotion and learning from your experience is the biggest achievement. It will make you a more conscious investor in the future.

[Somto9Light]

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.

[aylabadia05]

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 simple concept that I still use today is just the basis of what is often conveyed by people here; buy on the exchange and move to a special wallet. How much Bitcoin is available in your wallet will never decrease unless estimated according to price updates every day, week and month.

Sometimes there are also people who want Bitcoin and hold it by charging themselves. It's the same as forcing yourself to own and hold Bitcoin so that when the market declines, the estimated price also decreases. In fact, buying when you have money and leaving Bitcoin stored in your wallet will not be a burden for the owner.

[KiaKia]

[...]

Main reason for failure among people who hold Bitcoin is that they wrongly think that they do not need much knowledge to invest in long term and therefore, they purchase more than they can afford and are forced to sell when market drops. I would recommend that knowledge needed is not about technology but about personal finance and self control, which means you need to find your sleep number, which is amount you can invest without worrying, meaning you must be able to invest too much, even when you really believe in Bitcoin, because you will fail to make it when you cannot afford to lose. It is merely most important rule of investing. Greatest thing in world will be bad risk when you break first rule do not invest money you will need in near future.

This doesn't apply to Bitcoin investment only, people need to avoid too much to exposure to risks that they can't afford, the struggle doesn't ends with buying Bitcoin and going away, unless you have other means of making good amount of money.

When you over invest on something it will drag you down with it when anything bad happens but Bitcoin is a better option where others fail there is a high chance that Bitcoin will keep going, it is a honeybagger that won't just die.

A certain amount have to be everything for investment purposes only and no matter how good the investment might seem like, investment is not assurance that it will succeed, investment is risk managing as the likely of failing is always possible.

[AGogi2003]

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.

Some see bitcoin as  high intentions of getting huge profits easily since they always hear people are talking about bitcoin and think if they invest they will get huge profit in a easy way  they didn't know is different the more you invest huge amount in bitcoin that is how you will be profitable if the price increases and if you invest with small amount just keep in mind that you will get profit but you won't get huge as the person that invest big. Bitcoin is always a good investment but before you can achieve your goal in Bitcoin you need to invest with a better money not only long term you should put huge amount and then leave it for long term and you will be profitable when the times comes and probably if the price increases much you can get term of your investment. Nothing comes easy you need to take risk and get what you needs.

[Faisal2202]

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.

I can't agree more with you, I did not know about the exact amount, but I did have some idea that people were paying more and that amount is being called premium but I did not knew how much, and basically this is a big difference when we are talking about millions of dollars but how come these people are paying them and legally these companies are charging more?

I did not understand that part, and there is no doubt that these people are also in lose but can you give some idea if they are in more lose or we are? Because according to the data you gave and I understand, it says now these companies are holding the right amount of btc and no premiums therefore the lose the holders would be making is 1x to 2x? Right!