The bitcoiner time to fold or hold.

[Saxonebloomy]

It's not an update that bitcoin price is falling and it's causing a dark moment for those that bought at the high price above or between $100k and relatively close to the All Time High price.

My friend is one of them caught in the net, bought with a lump sum at $124k and he is contemplating on selling to rebuy. His calculations are that he will make fast recovery of what he has lost from the price decrease than he will if he is waiting for price to go up $24k and get pass it for him to make profit.

I told him to not and now he listened but later I began questioning myself if I gave him the right advise or not.

[ruykeri]

I think those who have already bought at a high price should be patient. If now they want to make a profit by selling at a loss and buying at a lower price through trading, then it will be an uncertain matter. Because if they sell now, they will already lose. Later, if they think that the price will be half  then they will buy Bitcoin, but it turns out that the price of Bitcoin did not dip as expected. Instead, it started rising again, then they will regret selling now. You did not make a mistake in deciding not to sell. That person should be patient. If he does not really need the money invested in Bitcoin, then if he makes mistakes like panic selling or trading, he will be likely to lose more.

[Agathamay]

It's not an update that bitcoin price is falling and it's causing a dark moment for those that bought at the high price above or between $100k and relatively close to the All Time High price.

My friend is one of them caught in the net, bought with a lump sum at $24k and he is contemplating on selling to rebuy. His calculations are that he will make fast recovery of what he has lost from the price decrease than he will if he is waiting for price to go up $24k and get pass it for him to make profit.

I told him to not and now he listened but later I began questioning myself if I gave him the right advise or not.

how much is left in his portfolio?
but regardless of how much is left, i think he should not be bothered to sell and buy but he should rather look for more money to buy more dip as that's the right mindset for an investor and  you didn't mention if your friend intends holding for long period or just for a while

these are also the challenges newbies face and i guess your friend bought out of FOMO which simply means that he bought the coin out of the fear of missing put without doing a proper research of the coin before hooping unto it.

in crypto or financial market, it is not advisable that to giving financial advice except you are ready to be held responsible for the outcome
just my 2 cent.

[Futurexxx]

It's not an update that bitcoin price is falling and it's causing a dark moment for those that bought at the high price above or between $100k and relatively close to the All Time High price.

My friend is one of them caught in the net, bought with a lump sum at $24k and he is contemplating on selling to rebuy. His calculations are that he will make fast recovery of what he has lost from the price decrease than he will if he is waiting for price to go up $24k and get pass it for him to make profit.

If your friend is actually thinking long term, then I see no reason selling and hoping to rebuy when it has dip further because the price might not dip to the expected dip he may be targeting, and it may start rising from there, and that is how he may miss out entirely with a loss. So holding strong with tempering with it is a lot better, since he is holding for long, because it's just a matter of time before Bitcoin recovers and do even better than it previous all time high. So as long as he is a long term holder, he should just take a chill pills and relax because bitcoin price wouldn't be down for long.

I told him to not and now he listened but later I began questioning myself if I gave him the right advise or not.

No, you did the right thing.
Though I understand how it feels to advice a newbie on something and it went against him. Their reaction isn't always the best because they are new in the space, but since he will be holding for long, no need to lose sleep over it because Bitcoin price will recover.

[Akaenyi]

Bitcoin is a volatile asset and anybody that wants to hold it for profit should know that it's price can rise and fall, they shouldn't expect it to continue rising. If somebody that I know asks for my advice about selling their Bitcoin that they bought at a higher price to cut their loses I won't advice him to sell. If you don't have an emergency need that it is only your Bitcoin can save the situation you should still hold it. This is the main reason why we should have the mindset to hodl Bitcoin for many years, according to it's history it always reaches ATH.

I will rather use this dip to be buying more Bitcoin if I'm your friend instead of selling the ones that I have. When price starts to go up I will be in profit and recover lose of what I have lost as the dip started. Weak hands panic and sell when price starts to drops instead of taking advantage of it to buy more. If you have believe that Bitcoin can rise again there is no reason to panic and sell.

[Bishop Victor]

It's not an update that bitcoin price is falling and it's causing a dark moment for those that bought at the high price above or between $100k and relatively close to the All Time High price.

My friend is one of them caught in the net, bought with a lump sum at $124k and he is contemplating on selling to rebuy. His calculations are that he will make fast recovery of what he has lost from the price decrease than he will if he is waiting for price to go up $24k and get pass it for him to make profit.

I told him to not and now he listened but later I began questioning myself if I gave him the right advise or not.

no  you didn’t give bad advice. You helped him slow down, and in volatile markets, slowing down is often the smartest move. The real mistake wasn’t holding after the drop; it was entering without a clear strategy.
Sometimes the best decision in Bitcoin isn’t doing something  it’s not doing something.

[Majestic-milf]

 Anybody wey don dey into Bitcoin for long go understand say this no be new thing and infact, situations like this nah we dey take know those wey be weak hands or not. Make I no lie say e no go pain me if nah me bin buy at a high price then wake up to dey see am drop so drastically because e must pain but as always, Bitcoin nah for those wey fit stand the risk and also exercise patience. Another thing be say as e drop like this, e go certainly rise up. The question I dey ask myself nah, once e rise back, we go fit see another ATH or e go just move back to the $100k region we bin dey see am.

[Umulala-alala]

Your friend is a trader he was interested in the short term profit his plan was actually to buy with the hope that there will an increase so you can sell, those long time investor will hodl no mater how the price of bitcoin is decreasing. Bitcoin is a volatile asset so it must decrease and also increase if you panic and sell you will loss because what the price is now wasn't actually what most of the investors bought so the best option now is to hodl instead of selling in lost, i also believe that there rich folks who is taking advantage of the dip some could actually be buying BTC now aggressively from their reserve funds.

[Mpamaegbu]

I told him to not and now he listened but later I began questioning myself if I gave him the right advise or not.

Your advice make sense. Nor regret am. Even if Bitcoin still dump more from d current price of $66k+ wey e dey now, ur friend go lose big time if he sells off. Na d best advice u sound am so. Tell am make e take style wait and dey watch wetin go sup between US and Iran. I perceive sey na wetin make dis current dump dey happen. If dat war happen, na im be sey Bitcoin go dump more be dat. If e continue to dey dump, those wey sabi wetin dey go gradually dey DCA on am. Except ur friend needs im money badly, make him continue to chill as e don hear ur own now.

[liasbaa]

A significant portion of investors sell at a loss due to fear. They know they are losing but they sell because they are afraid that the price will fall further. Investors with this mindset in the investment market cause the price to fall further. Remember that you are holding Bitcoin which means you are fighting for the value of this asset to rise and selling means you are losing money and with it, many others are at risk of losing their wealth.

Bitcoin has become a store of value today due to the holding policy of a large community and you are also an important part of it. Do not be eager to sell because you are holding Bitcoin and your small efforts will restore the value and rise again with the in coordination of countless investors. Stop selling in lose, the bull run will start soon.

[Joy_learns_crypto]

It's not an update that bitcoin price is falling and it's causing a dark moment for those that bought at the high price above or between $100k and relatively close to the All Time High price.

My friend is one of them caught in the net, bought with a lump sum at $124k and he is contemplating on selling to rebuy. His calculations are that he will make fast recovery of what he has lost from the price decrease than he will if he is waiting for price to go up $24k and get pass it for him to make profit.

I told him to not and now he listened but later I began questioning myself if I gave him the right advise or not.

Well seems that your friend does what ever you tell him and that is a bad thing for him, and it means that you friend can’t make his own decision and only waits for you to tell him what to do.
Where you the person that told him to buy at $124k because that is the ATH range meaning your friend is the FOMO buyer kind of person.
You should not only be questioning the type of advise you gave him there but also be questioning how you have actually coached him in bitcoin that he does not do his own research.

[sokani]

Tell am make e take style wait and dey watch wetin go sup between US and Iran. I perceive sey na wetin make dis current dump dey happen. If dat war happen, na im be sey Bitcoin go dump more be dat. If e continue to dey dump, those wey sabi wetin dey go gradually dey DCA on am.

Nah true say di Geopolitical war sef dey follow affect the market, but even if US choose not to go to war with Iran, I no think say e go get any meaningful impact on the market. From di look of things, e clear say we don enter di bear season and according to data from past cycles, nah dis year we go hit the peak of the bear season. So the market for still eventually crash.

[Marvelockg]

My friend is one of them caught in the net, bought with a lump sum at $124k and he is contemplating on selling to rebuy. His calculations are that he will make fast recovery of what he has lost from the price decrease than he will if he is waiting for price to go up $24k and get pass it for him to make profit.

Is it difficult to do the math's and know that if you buy at anything above $100k or even bought at $124k that selling should be the last thing in your mind as it stands? this kind of instance is another reason why every investor should invest having long term plan in mind because in the short run, anything is bound to happen and if you are not prepared for such possibility, you are going to end up being caught unaware because same way bull does not always come as planned, DIP sometimes comes without anyone ever seeing it coming.

Bitcoin is not folding not now or in the nearest time to come. if you already have a chunk of it that you are holding, just leave it that way and if you even have the resource to add more collection to it, t is better you add more to your bitcoin than selling at about 50% loss. that is a lot to frankly look at it.

[Jubilee58]

We are already in the bear market and what Bitcoin is doing is not out of place. My advice to those who bought bitcoin at the pick should not panick and should not sell their bitcoin out of fear instead this is another great opportunity to start accumulating more Bitcoin because surely with time the price of bitcoin will become bullish and will still surpass 2025 all time high.
Those who have been in the bitcoin market for so long knows how the bitcoin market works and are not afraid of the present Bitcoin market condition.

Presently, the institutional investors are accummulating more Bitcoin taking advantage of the Bitcoin bearish trend.
Of recent the company called strategy just bought about 22305 bitcoin which is worth $2.1 billion, to tell you are optimistic investors are concerning Bitcoin. here is the link:https://www.facebook.com/100045672716302/posts/1456282262570850/?app=fbl

[ejikeme24]

My friend is one of them caught in the net, bought with a lump sum at $124k and he is contemplating on selling to rebuy. His calculations are that he will make fast recovery of what he has lost from the price decrease than he will if he is waiting for price to go up $24k and get pass it for him to make profit.

I told him to not and now he listened but later I began questioning myself if I gave him the right advise or not.

These is not the right time  to sell our holdings,  although I don't know if your friend is for the short term (trading) because if he's investing for the long term he's not supposed to be bothered about selling to rebuy when he's just getting started with Bitcoin investment which I'm not even sure if he have enough stash of Bitcoin in his portfolio, we should be talking about adding more Bitcoin to the one we already have because that's the era we are you can't see a real investor talking about profit now but to add more to the ones they already have, and as for those that started recently now is the time to be more aggressive in your accumulation journey so that before the price will recover by then you must have reach your investment goal or getting closer to it.

[Callido]

I told him to not and now he listened but later I began questioning myself if I gave him the right advise or not.

Tell him to buy more if he has the capital to do so.

If he doesn't, he should wait for the price of Bitcoin to top the previous ATH. Irrespective of whether it will be better to follow the pattern he said, it isn't in your position to advise him to do so, it is good you did not add your opinion.

[IceLincoln]

It's not an update that bitcoin price is falling and it's causing a dark moment for those that bought at the high price above or between $100k and relatively close to the All Time High price.

My friend is one of them caught in the net, bought with a lump sum at $124k and he is contemplating on selling to rebuy. His calculations are that he will make fast recovery of what he has lost from the price decrease than he will if he is waiting for price to go up $24k and get pass it for him to make profit.

I told him to not and now he listened but later I began questioning myself if I gave him the right advise or not.

This is why I love practicing the Dollar Cost Averaging approach to bitcoin investment, I’m never a fan of Lump sum investing, spreading out your investment gives you an opportunity to buy both at a high and a low at a lesser average than if you bought lump sum aside the other many advantages it has.
Though if your friend has the goal of holding for long term there’s no need selling his bitcoin now and trying to buy back later. If he has more discretionary money now he should utilise the opportunity to buy more.

P/S: Make we no lie for ourselves, e no always good to buy at ATH Prices especially to lump sum when you know say price fit still come down in less than no time but if the goal is long term nothing really concern u just dey buy dey go.

[IjawMan]

I think those who have already bought at a high price should be patient. If now they want to make a profit by selling at a loss and buying at a lower price through trading, then it will be an uncertain matter. Because if they sell now, they will already lose. Later, if they think that the price will be half  then they will buy Bitcoin, but it turns out that the price of Bitcoin did not dip as expected. Instead, it started rising again, then they will regret selling now. You did not make a mistake in deciding not to sell. That person should be patient. If he does not really need the money invested in Bitcoin, then if he makes mistakes like panic selling or trading, he will be likely to lose more.

My mentor will regularly tell me that you can not lose your bitcoin investment if you holding still and do not sell for fear of the market uncertainty when price is falling with a strong bearish momentum. You lose at the minute you sell below your bought price. The price of bitcoin has dip more than twice this week and yesterday price went down below $64,000, today the price has taken flight to $70,000. A move that was lest expected. The solution to not lose out is to hold and buy more from the dip.

[justinlamode]

Whatever price you bought Bitcoin at, if you hold and do not sell, you will be rewarded. Bitcoin may be going through turbulence now but when the time is right the dollar value will increase but for now, if you have 1BTC or even 0.01BTC, protect it well and wait for the rainfall to end because after that comes joy. Instead of selling off now at a loss, consider buying more at cheaper prices, these new purchases will give the biggest profits you will gain.

[Saxonebloomy]

Bitcoin is not folding not now or in the nearest time to come. if you already have a chunk of it that you are holding, just leave it that way and if you even have the resource to add more collection to it, t is better you add more to your bitcoin than selling at about 50% loss. that is a lot to frankly look at it.

[/quote]
Bitcoin is highly volatile and since you can't forcast future price movement, just as you can make money as the price goes up, its also possible you could lose money if the price goes down, so he is now aware that like any other investment bitcoin high risks can offer big rewards or huge losses.