Greetings all and still on new year groveKeep holding because this is related to each person's trust in Bitcoin itself. Everyone sees Bitcoin from a different perspective, so we can see Bitcoin with its own potential.
I would like to know as a bitcoin holder and trader are you expected to hold bitcoin in short period? What if you hold for long and the price dropped to what you don't expect would be happy with your self just for example the bitcoin was already $47k plus heading to 48k and I know people bought at that price hoping it would crossed 50k before this new year but was surprised to see a price reaction making bitcoin dip below 42k though has been moving within $40k to $42k since from first week of January.
What if you hold for long and the price dropped to what you don't expect would be happy with your self just for example the bitcoin was already $47k plus heading to 48k and I know people bought at that price hoping it would crossed 50k before this new year but was surprised to see a price reaction making bitcoin dip below 42k though has been moving within $40k to $42k since from first week of January.When you are a newbie, its not an easy thing to see bitcoin price plummeting while you are still holding. What many in that situation do is that they panick sell, thinking that they will "sell high buy low" but in most of the cases they end up buying for the higher price that they initially sold.
I would like to know as a bitcoin holder and trader are you expected to hold bitcoin in short period? What if you hold for long and the price dropped to what you don't expect would be happy with your self just for example the bitcoin was already $47k plus heading to 48k and I know people bought at that price hoping it would crossed 50k before this new year but was surprised to see a price reaction making bitcoin dip below 42k though has been moving within $40k to $42k since from first week of January.I think the problem here is each person's understanding and expectations for BTC and the crypto market. Let me clarify a bit.
For me, I still hold BTC since we know that there is an upcoming event that will happen this coming April I believe $48k is not the final price of Bitcoin this year.
The best strategy for this kind of price movement is to do DCA buy BTC while it's cheap because we don't not know what is the bottom price of the recent price drop.
How do you think is enough to hold?I like holding on to the DCA method the most. Investing in DCA method can be the best investment method for an investor. Investing in DCA method has very less loss on investment. The market is always in a dynamic state, from the dynamic state, it is not known which position the market will go to in the future and in which position it will be in the future.
Yeah DCA has been a very helpful method to accumulate bitcoin becauseHow do you think is enough to hold?I like holding on to the DCA method the most. Investing in DCA method can be the best investment method for an investor. Investing in DCA method has very less loss on investment. The market is always in a dynamic state, from the dynamic state, it is not known which position the market will go to in the future and in which position it will be in the future.
People who will really feel bad about such a situation are those who only bought Bitcoin for the first time. As for those that have been DCAing right from last August, when the price of Bitcoin was still around $26k, those people would already be in profit now that the price is $40k+. Despite the fact that the price already got to $47k before going down, they will not still be in a very big loss.It seems that not everyone can do as you say, namely, the advantage of the current increase is that those who buy are cheaper. Of course, those who are currently experiencing this can be said to have received a blessing from the increase that has occurred and hope that after letting go there will be a correction again so they can make purchases, with the same goal of repeating themselves.
But for those who bought just recently when the price was already above $45k, I would advise that you hold tight to your coin, and if you have enough money to buy more Bitcoin, continue to accumulate and hold.[/size][/size]
Greetings all and still on new year groveYou asked so many questions bro. I'll try to answer them one by one. So first off all. there is not specific limit for me on how much Bitcoin I am expected to Hold. it is totally up to me and my financial situation. but I definitely prefer to do as much as I can. because holding more BTC would give better benefits in the future.
I would like to know as a bitcoin holder and trader are you expected to hold bitcoin in short period? What if you hold for long and the price dropped to what you don't expect would be happy with your self just for example the bitcoin was already $47k plus heading to 48k and I know people bought at that price hoping it would crossed 50k before this new year but was surprised to see a price reaction making bitcoin dip below 42k though has been moving within $40k to $42k since from first week of January.
People who will really feel bad about such a situation are those who only bought Bitcoin for the first time. As for those that have been DCAing right from last August, when the price of Bitcoin was still around $26k, those people would already be in profit now that the price is $40k+. Despite the fact that the price already got to $47k before going down, they will not still be in a very big loss.It seems that not everyone can do as you say, namely, the advantage of the current increase is that those who buy are cheaper. Of course, those who are currently experiencing this can be said to have received a blessing from the increase that has occurred and hope that after letting go there will be a correction again so they can make purchases, with the same goal of repeating themselves.But for those who bought just recently when the price was already above $45k, I would advise that you hold tight to your coin, and if you have enough money to buy more Bitcoin, continue to accumulate and hold.[/size][/size]
Of course, there is nothing wrong with buying at a fairly high price because soon the halving era will come, and after that, there will be an increase that moves slowly until maximum achievement occurs. I agree to keep buying more and holding back so that what we get can be more optimal
This is a very effective way to accumulate and hodl Bitcoin until 2025 based on that chart and it's time intervals seems accurate to me as it consistently been on that trend or direction.I would like to know as a bitcoin holder and trader are you expected to hold bitcoin in short period? What if you hold for long and the price dropped to what you don't expect would be happy with your self just for example the bitcoin was already $47k plus heading to 48k and I know people bought at that price hoping it would crossed 50k before this new year but was surprised to see a price reaction making bitcoin dip below 42k though has been moving within $40k to $42k since from first week of January.I think the problem here is each person's understanding and expectations for BTC and the crypto market. Let me clarify a bit.
BTC halving occurs every 4 years, so the market period is 4 years, similar to traditional financial markets.
So, we have seen BTC create new peaks every 4 years: 2013 – 2017 – 2021 and we will most likely see the next peak in 2025.
After halving, BTC price usually increases continuously rather than continuing to create a lower price, so I think right now, we should focus on the bullrun with our own targets.
For me personally, DCA is the right strategy and generates profits consistently with BTC. With a simple Fibonacci measurement, I can determine a target for BTC at $160K in 2025. Of course, I will start taking action when BTC hits $150K to initiate a DCA-sell.(https://www.tradingview.com/x/MlYRBm7Z/)
Greetings all and still on new year grove
I would like to know as a bitcoin holder and trader are you expected to hold bitcoin in short period? What if you hold for long and the price dropped to what you don't expect would be happy with your self just for example the bitcoin was already $47k plus heading to 48k and I know people bought at that price hoping it would crossed 50k before this new year but was surprised to see a price reaction making bitcoin dip below 42k though has been moving within $40k to $42k since from first week of January.
Greetings all and still on new year grove
I would like to know as a bitcoin holder and trader are you expected to hold bitcoin in short period? What if you hold for long and the price dropped to what you don't expect would be happy with your self just for example the bitcoin was already $47k plus heading to 48k and I know people bought at that price hoping it would crossed 50k before this new year but was surprised to see a price reaction making bitcoin dip below 42k though has been moving within $40k to $42k since from first week of January.
I think holding bitcoins is one of the most profitable things to do. This year the price of Bitcoin may break all previous records and go all the way to the top.
~ The retrace to $40k is a price correction, an opportunity for newcomers to buy and it does not call for panic selling. Veteran holders also know this and they'll embrace this opportunity with open arms and fill their bags the more.
I would like to know as a bitcoin holder and trader are you expected to hold bitcoin in short period? What if you hold for long and the price dropped to what you don't expect would be happy with your selfIf you call yourself as a holder or hodler, you must be clear with yourself about investment plan, holding plan. With such plan, you will have your holding time before you take profit for all bitcoin you have or part of it to exit the market.
- https://hodl.camp/
- Click on some icons at the top right corner to customize color of the chart.
- As of writing, the HODL line is 5 year and 1 month. This line changes with Bitcoin prices and with time, stay updated by using the chart.
Buying when the price is less or fair, there is nothing wrong with it. Soon there will be halving. I will still buy more with the DCA method. I will hold the Bitcoin until the price will gradually increase and get to the peak of it.What you are doing is a positive and very good thing to do. Buy in a very reasonable or falling price situation with whatever scheme you think is the best, one of which is the DCA method. Don't stop buying and immediately hold until it's time. has arrived according to the specified wishes.Remember, the main goal is to be able to make a profit when the time comes. Don't stop because of other influences, because holding on for a long time will always be a temptation to let go.
I think Bitcoin is one of the best and suitable currency in the crypto currency world. We can see gradually its profit will increase. We also see that January first week Bitcoin price still $40k but gradually its price reach $47k in this time. If we buy in this situation may be it risk for us, but if we hold Bitcoin i think it’s very good decision for crypto currency market. So it’s better to buy Bitcoin and hold for long-term investment.Bitcoin as a long-term investment asset can have validity, and many investors view Bitcoin as a store of value or a form of digital asset that can be held for longer periods of time.
Only speculators hold Bitcoin for a short period only, while real investors hold Bitcoin in the long term over several cycles, not just one cycle.
For the long-term investor, the temporary drop of Bitcoin below 40K$ does not matter at the moment, because they know full well that Bitcoin’s targets are much further, at least 100K and more, so every drop is a new opportunity to buy.
I think Hold is always good for long term, if we want to gain big profit, better do it for long term investment.Yes, with HODL you will not lose because you are not selling in the near future while in the long term there is certainly hope where bitcoin is higher.
As you said I agree with you, Hold for short is just speculation.
Maybe hold is enough to do, if we didn't have knowledge and experience as a trader.
Because a trader is not easy.
Yeah DCA has been a very helpful method to accumulate bitcoin becauseInvesting in the DCA method is very helpful for those who do not have the ability to buy large amounts of Bitcoin at once. But if you invest in DCA method, you have a high chance of profit because I have bitcoins invested in DCA method, even though the price of bitcoin is dumping a lot at present, I don't have to count much loss because I have invested in DCA method. Currently I am investing in DCA method and also investing in this dumping time with some extra funds because I know there might be a dumping before bitcoin halving this dumping might be the last signal of bitcoin halving. But I am using different strategies to increase my bitcoin investment hope I will definitely succeed in bitcoin bull season.
it really enables me to keep buy gradually without the need to entire buy
some huge amount of bitcoin whereby you would start regretting when the price keeps declining.
I think Hold is always good for long term, if we want to gain big profit, better do it for long term investment.We can't know everyone's wishes; there are those who like to make short-term investments. With good analytical experience, it can certainly be done, and it will definitely be profitable. I agree with you if you really want to hold for a long period of time, if you don't know of other ways that might be profitable, because holding for a long time has been proven to always produce the best results.
As you said I agree with you, Hold for short is just speculation.
Maybe hold is enough to do, if we didn't have knowledge and experience as a trader.
Because a trader is not easy.
Greetings all and still on new year groveWe are in bitcoin section , we are talking about the safest and strongest currency in crypto so i think we really care nothing about its dumping instead we will take this as advantage to buy and buy more.
I would like to know as a bitcoin holder and trader are you expected to hold bitcoin in short period? What if you hold for long and the price dropped to what you don't expect would be happy with your self just for example the bitcoin was already $47k plus heading to 48k and I know people bought at that price hoping it would crossed 50k before this new year but was surprised to see a price reaction making bitcoin dip below 42k though has been moving within $40k to $42k since from first week of January.
Greetings all and still on new year groveI've been messing with Btc since 2014 and 1 thing I have noticed is there is always a new ATH. If you or anyone reading this doesn't know what ATH is, it stand for All Time High and refers to Btc price.
I would like to know as a bitcoin holder and trader are you expected to hold bitcoin in short period? What if you hold for long and the price dropped to what you don't expect would be happy with your self just for example the bitcoin was already $47k plus heading to 48k and I know people bought at that price hoping it would crossed 50k before this new year but was surprised to see a price reaction making bitcoin dip below 42k though has been moving within $40k to $42k since from first week of January.
Re: How do you think is enough to hold?It depends on the strategy of the investor.
The question really is, do you have enough patience to hold til it does? It's all a waiting game and anyone who buys now will profit later if they just wait.Yes, because investing in Bitcoin requires patience and the capability to hold onto your investment for a long period of time. Investors need to ensure that they have enough funds to invest, and they must be willing to store their investment for years rather than months. Unfortunately, some investors sell their Bitcoin early due to the said reason or sometimes because they need money for other expenses, causing them to miss out on potential gains when Bitcoin reaches new all-time highs.
Greetings all and still on new year grove
I would like to know as a bitcoin holder and trader are you expected to hold bitcoin in short period? What if you hold for long and the price dropped to what you don't expect would be happy with your self just for example the bitcoin was already $47k plus heading to 48k and I know people bought at that price hoping it would crossed 50k before this new year but was surprised to see a price reaction making bitcoin dip below 42k though has been moving within $40k to $42k since from first week of January.
Bitcoin is currently going through a lot of price ups and downs, this time investors will have an opportunity as the halving is fast approaching. If you look at the chart, you can quickly see that the price of Bitcoin has lost all the way down after each halving and the price of Bitcoin has gone down before the halving. The reason for these dumpings is the opportunity for investors, the lower the price the more bitcoin investors will be able to buy and the more willing they will be to buy. And when the price rises later, he will sell the holding. Thousands of investors are getting their profits.Because Bitcoin volatility is very high and will continue to be so. And it is indeed a seasonal cycle that there will be times when Bitcoin drops very drastically in the bearish era. And there will be a transition period which makes the market very volatile up and down. In fact, it sometimes depends on the news surrounding BTC itself, including whether there is good news or FUD. But what is certain is that holding is holding. When we have decided to hold Bitcoin, it means that our decision is to invest in Bitcoin for a long period of time to achieve the target price we want, so there is no need to worry about the current price.
I would like to know as a bitcoin holder and trader are you expected to hold bitcoin in short period? What if you hold for long and the price dropped to what you don't expect would be happy with your self just for example the bitcoin was already $47k plus heading to 48k and I know people bought at that price hoping it would crossed 50k before this new year but was surprised to see a price reaction making bitcoin dip below 42k though has been moving within $40k to $42k since from first week of January.Bitcoin holders must brave to hold for a long time, the current won't be a big problem for them. We don't target to sell our Bitcoin at $50k, we target to sell at a new ATH. However, sometimes we allocate some Bitcoin for trading or holding in a short period. It is okay to sell when Bitcoin cross $50k. Then, we will buy again more Bitcoin when there is another dump. However, most Bitcoin must be kept on the wallets for a long term target.
Bitcoin holders must brave to hold for a long time, the current won't be a big problem for them. We don't target to sell our Bitcoin at $50k, we target to sell at a new ATH. However, sometimes we allocate some Bitcoin for trading or holding in a short period. It is okay to sell when Bitcoin cross $50k. Then, we will buy again more Bitcoin when there is another dump. However, most Bitcoin must be kept on the wallets for a long term target.
I'm not surprised Bitcoin dropped below $40k. After some pumps in the early of January, there should be a dump to follow.
Bitcoin holders must brave to hold for a long time, the current won't be a big problem for them. We don't target to sell our Bitcoin at $50k, we target to sell at a new ATH. However, sometimes we allocate some Bitcoin for trading or holding in a short period. It is okay to sell when Bitcoin cross $50k. Then, we will buy again more Bitcoin when there is another dump. However, most Bitcoin must be kept on the wallets for a long term target.
I'm not surprised Bitcoin dropped below $40k. After some pumps in the early of January, there should be a dump to follow.
that's true mate, bitcoin holder must have brave to hold for long term.
For now, I think If we buy bitcoin , we will gain big profit for one year again.
Maybe at Q2 2025 we will see bullish season.
I also don't believe bitcoin will down below $ 40K again, because current bitcoin is going increase again.
Before halving bitcoin will touch around $ 50K.
But It's just my prediction.
Invest in crypro needs speculation.~snipYes, with HODL you will not lose because you are not selling in the near future while in the long term there is certainly hope where bitcoin is higher.
Maybe hold is enough to do, if we didn't have knowledge and experience as a trader.
Because a trader is not easy.
Don't speculate too much
~
Investing in the DCA method is very helpful for those who do not have the ability to buy large amounts of Bitcoin at once.
Let me give you a small example, a year from now Bitcoin was probably worth between 18 and 25 thousand dollars. You can tell without calculating how much profit those who invested at that time and those who invested until now have received but you did not invest at that time then the person who invested and held the investment until now and you did not invest in the case of two people where is the difference. The difference is that the other person is holding the bitcoins because he got a huge profit after a year but you are not investing and holding it because you are planning to invest again which is the reason for holding. If you invest now and hold for a long time, then some people will regret not investing now.
Invest in crypro needs speculation.Investing in crypto coins is a kind of speculation. You don't know how big you will get profits. Even you can't guarantee to take profits in the future. That's why a proper strategy is needed, and we must have sufficient knowledge to understand the realistic target for taking profits.
But we should have good strategy to reduce the risk.
HOLD is good way, if we aren't a profesional trader.
I'm prefer become a trader than holder.
don't forget hold needs cold money , buddy.Indeed. Investing and trading must be with safe money.
Many people prefer do trading than hold, they want to gain daily profit.
Although hold is more profitable and low risk, but we must keep patient.
What we experience is just a minor dump, and as what we have speculated, it could be due to some entities trying to manipulate the price because of the ETF news that's why it went as low as $39k'ish.Today bitcoin price bounce to $42k and seems good recovery after drastically drop under $39k last several days, however can't guarantee will bitcoin keep stable or another correction will come later before halving time. Actually all holder won't to see bitcoin price dropping again but its can't deny when bitcoin success break out to the higher price always has chance and space left for bitcoin will drop but depend on significant correction or not.
But it has bounce back again, at $42k this weekend and it seems that before the end of this month, we might see maybe $43k tops. And so if that happens, then it's good to us, at least as you have said, the price is going to increased again and we won't see the price dropping anytime soon unless there is a negative news that will test the market again.
Let me give you a small example, a year from now Bitcoin was probably worth between 18 and 25 thousand dollars. You can tell without calculating how much profit those who invested at that time and those who invested until now have received but you did not invest at that time then the person who invested and held the investment until now and you did not invest in the case of two people where is the difference. The difference is that the other person is holding the bitcoins because he got a huge profit after a year but you are not investing and holding it because you are planning to invest again which is the reason for holding. If you invest now and hold for a long time, then some people will regret not investing now.
-snip-Bitcoin still remains spinning in the 39k-42k price area, this decline occurred after ETF acceptance and some FUD started coming.
After ETF approval hope any good news upcoming day and make bitcoin keep stable above $42k, very difficult position for altcoin holder exactly bitcoin get crashing again and make altcoin price drop.
Bitcoin is definitely the best thing to hold, the only best way to invest is to hold Bitcoin for the long term. If Bitcoin can be held for a long period of time, it will definitely reap huge benefits. It is realistic to have a proper and planned plan for this, Bitcoin goes up and down at its own pace, at this slow pace all Bitcoin investors should be prepared to buy. Investment purchase is not possible without investment preparation, that is why preparation is most important which is suitable for present time. It would be better to hold bitcoins because bitcoin halving is very close, so this is enough opportunity to hold bitcoins and the price of bitcoins is very low.As long as Bitcoin is not attacked by several global groups that are trying to bring down the exchange price of Bitcoin, this will be a very suitable place for long-term investment, but you need to know that currently miners are starting to have difficulty getting Bitcoin. It seems that Bitcoin miners are more likely to choose this place so that they do not need to mine air conditioning and get maximum results.
Greetings all and still on new year groveJust follow the flow.
I would like to know as a bitcoin holder and trader are you expected to hold bitcoin in short period? What if you hold for long and the price dropped to what you don't expect would be happy with your self just for example the bitcoin was already $47k plus heading to 48k and I know people bought at that price hoping it would crossed 50k before this new year but was surprised to see a price reaction making bitcoin dip below 42k though has been moving within $40k to $42k since from first week of January.
To hold bitcoins must be planned for the long term and never profitable by employing them. When you plan to invest you must think long term, it will always help you to reach higher position. Investment is for long term it should not be short term at all rather short term investment can never give a user more income. If you invest by looking at the price of bitcoin you cannot hold it but you have to invest and hold bitcoin from any market conditions. Being a Bitcoin holder requires long-term planning and you can only be a good investor if you invest for the long-term.
I'm just a holder, I think just hold for long term is enough. I want to learn become a trader, but didn't have more time to do. Maybe at next year I will start to focus learn trading.
As tarder, I just do research in several coins and new projects, buy and hold.
hold crypto is enough or not depends on your knowledge and experience. If you have knowledge about trading, I think you can do trading besides as a holder. I'm trader, so I prefer do trading and not enough to hold. But I think both are good way to gain profit.Knowledge about trading is really needed to create profits that can make you rich and become a professional trader, but you need to know that getting there requires a process that is not easy. You have to be willing to sacrifice a lot of money to learn, and of course it will produce results. when you have made a lot of profit from good and correct trading.
Knowledge about trading is really needed to create profits that can make you rich and become a professional trader, but you need to know that getting there requires a process that is not easy. You have to be willing to sacrifice a lot of money to learn, and of course it will produce results. when you have made a lot of profit from good and correct trading.
Greetings all and still on new year groveIt all depends on how much money one has, I have some bitcoin and I don't really need it to live and I will hold it until the price goes over the 100k mark and then I will think about selling it, but maybe I will continue to hold it.
I would like to know as a bitcoin holder and trader are you expected to hold bitcoin in short period? What if you hold for long and the price dropped to what you don't expect would be happy with your self just for example the bitcoin was already $47k plus heading to 48k and I know people bought at that price hoping it would crossed 50k before this new year but was surprised to see a price reaction making bitcoin dip below 42k though has been moving within $40k to $42k since from first week of January.
It all depends on how much money one has, I have some bitcoin and I don't really need it to live and I will hold it until the price goes over the 100k mark and then I will think about selling it, but maybe I will continue to hold it.Holding the Bitcoin that you have is indeed your choice, but in reality, not everyone is able to hold the asset for a long time because sometimes when they have made a 20% profit, they sell it and are worried if the price goes down. So, in my opinion, what you are doing is right and enjoying profits when the Bitcoin price reaches $100k.
I have my BTC for long shot and that is why if I have to sell and short, I wouldn't do that with most of my holdings.
I will only sell a portion of it when I need to do so like if I am short in cash so that is what I am going to do if ever I am going to hold for short term. Otherwise, I am holding most of my btc for a long time until I have got tenfolds of profits.
Now this is what requires us to prepare everything carefully if we want to hold bitcoin for a very long period of time, we cannot do it without making any preparations.I have my BTC for long shot and that is why if I have to sell and short, I wouldn't do that with most of my holdings.
I will only sell a portion of it when I need to do so like if I am short in cash so that is what I am going to do if ever I am going to hold for short term. Otherwise, I am holding most of my btc for a long time until I have got tenfolds of profits.
This is like what happened in my life when I tried to hold bitcoin for the long term, sometimes suddenly there was a sudden need, I was forced to sell some. That's why sometimes I also trade to get results. And also have staking in ethereum
It happens to everybody. We have to sell at some point even if we dislike that price and moment. But that particular sale that we do at that time really helps us solve that matter. With a heavy heart, we sell and we don't know if we can rebuy in the nearest future if we don't have any other source of income and only relies to our livelihood. But to those that are pursuing of accumulating back their quantity of holdings, they're pushing it to have them back.I have my BTC for long shot and that is why if I have to sell and short, I wouldn't do that with most of my holdings.
I will only sell a portion of it when I need to do so like if I am short in cash so that is what I am going to do if ever I am going to hold for short term. Otherwise, I am holding most of my btc for a long time until I have got tenfolds of profits.
This is like what happened in my life when I tried to hold bitcoin for the long term, sometimes suddenly there was a sudden need, I was forced to sell some. That's why sometimes I also trade to get results. And also have staking in ethereum
I have my BTC for long shot and that is why if I have to sell and short, I wouldn't do that with most of my holdings.It doesn't matter if you sell some of the BTC you have for other purposes or urgent... but selling all bitcoin at the current price then it will be said to be a loss even though you have made a profit buying in the price range of $20K because indeed the potential for bitcoin to rise will be even higher, so now stay patient and hold on until the market is really bullish.
I will only sell a portion of it when I need to do so like if I am short in cash so that is what I am going to do if ever I am going to hold for short term. Otherwise, I am holding most of my btc for a long time until I have got tenfolds of profits.
Maybe everyone has their own target. However, I agree with you, as long as there is no urgent need and it can still be handled without having to sell Bitcoin at this time, I personally will continue to hold BTC. Because even though there has been a significant increase compared to the bearish period of yesterday, the Bitcoin price still has a high chance of surpassing the ATH and then printing a new ATH. So, it would be better to be patient first while waiting for the most appropriate time to take profits by considering when the bullish era phase will occur.I have my BTC for long shot and that is why if I have to sell and short, I wouldn't do that with most of my holdings.It doesn't matter if you sell some of the BTC you have for other purposes or urgent... but selling all bitcoin at the current price then it will be said to be a loss even though you have made a profit buying in the price range of $20K because indeed the potential for bitcoin to rise will be even higher, so now stay patient and hold on until the market is really bullish.
I will only sell a portion of it when I need to do so like if I am short in cash so that is what I am going to do if ever I am going to hold for short term. Otherwise, I am holding most of my btc for a long time until I have got tenfolds of profits.
I also have bitcoin in the portfolio that is almost 80% but I make sure not to sell in the near future, want to hold longer because I know bitcoin will be more valuable in the long run.
If for example the price is already $100K, I will sell some and HODL some.
Maybe everyone has their own target. However, I agree with you, as long as there is no urgent need and it can still be handled without having to sell Bitcoin at this time, I personally will continue to hold BTC. Because even though there has been a significant increase compared to the bearish period of yesterday, the Bitcoin price still has a high chance of surpassing the ATH and then printing a new ATH. So, it would be better to be patient first while waiting for the most appropriate time to take profits by considering when the bullish era phase will occur.
Greetings all and still on new year grove
I would like to know as a bitcoin holder and trader are you expected to hold bitcoin in short period? What if you hold for long and the price dropped to what you don't expect would be happy with your self just for example the bitcoin was already $47k plus heading to 48k and I know people bought at that price hoping it would crossed 50k before this new year but was surprised to see a price reaction making bitcoin dip below 42k though has been moving within $40k to $42k since from first week of January.
Exactly as some other investors believe that at the end of 2025 Bitcoins price might be at the range of more or less $100k. The only way to maximize our profit if ever that will happen is to DCA right now and hodl until next year just to find out if it really is accurate but if not, nothings a big deal just continue hodling.Greetings all and still on new year grove
I would like to know as a bitcoin holder and trader are you expected to hold bitcoin in short period? What if you hold for long and the price dropped to what you don't expect would be happy with your self just for example the bitcoin was already $47k plus heading to 48k and I know people bought at that price hoping it would crossed 50k before this new year but was surprised to see a price reaction making bitcoin dip below 42k though has been moving within $40k to $42k since from first week of January.
It is normal for Bitcoin price to fluctuate, there is no doubt that you can invest in Bitcoin at any time at any price. As the Bitcoin halving will take place in April 2024 in our future. A big bull market awaits after this halving. If we reach this bull run, Bitcoin price will touch at least $100k to $150k. That's why if you invest in Bitcoin now, you will definitely get double benefit in just 1 to 2 years.
Exactly as some other investors believe that at the end of 2025 Bitcoins price might be at the range of more or less $100k. The only way to maximize our profit if ever that will happen is to DCA right now and hodl until next year just to find out if it really is accurate but if not, nothings a big deal just continue hodling.The price of Bitcoin in 2025 will be a bull run so that the price of Bitcoin will easily reach $100k. What you need to do is keep buying Bitcoin, whatever capital you have, because Bitcoin is a future asset that is capable of giving you a lot of profit because the price can be very expensive when miners are already having a hard time getting Bitcoin.
Exactly as some other investors believe that at the end of 2025 Bitcoins price might be at the range of more or less $100k. The only way to maximize our profit if ever that will happen is to DCA right now and hodl until next year just to find out if it really is accurate but if not, nothings a big deal just continue hodling.The price of Bitcoin in 2025 will be a bull run so that the price of Bitcoin will easily reach $100k. What you need to do is keep buying Bitcoin, whatever capital you have, because Bitcoin is a future asset that is capable of giving you a lot of profit because the price can be very expensive when miners are already having a hard time getting Bitcoin.
Bitcoin will get more expensive ahead of the bull run, and by 2025 it will probably reach over $100K. because I read some investors have very high predictions of more than $150K. I intend to buy bitcoin again when there is a deeper correction.Luckily, Bitcoin has some good news ahead of the halving, such as the acceptance of an ETF and several other good news that can make the price rise because if there is no good news, the Bitcoin price will have difficulty increasing the price to the target price you mentioned.
Not saying it's impossible, but I highly doubt if there is going to be any major dip or correction going forward, this bull run circle seems completely different in characteristics if compared to other previous bull circles, bitcoin is breaking a lot of records and as such, things are kinda hard to predict.Exactly as some other investors believe that at the end of 2025 Bitcoins price might be at the range of more or less $100k. The only way to maximize our profit if ever that will happen is to DCA right now and hodl until next year just to find out if it really is accurate but if not, nothings a big deal just continue hodling.The price of Bitcoin in 2025 will be a bull run so that the price of Bitcoin will easily reach $100k. What you need to do is keep buying Bitcoin, whatever capital you have, because Bitcoin is a future asset that is capable of giving you a lot of profit because the price can be very expensive when miners are already having a hard time getting Bitcoin.
Bitcoin will get more expensive ahead of the bull run, and by 2025 it will probably reach over $100K. because I read some investors have very high predictions of more than $150K. I intend to buy bitcoin again when there is a deeper correction.
I think people engaged in bitcoin investment are sure about coming halving and if they have knowledge then their target will be higher and not limited to 40k$ or 50k$ as this is not such a higher worth as compared to the worth during 2021 and we will soon see that price again.
Bitcoin price reduces so if you have money then pick some more bitcoin instead of selling your already holded bitcoin at lower price due to impatience. If we see the current price that is 67k$ so 48k$ and 50k$ is quite lower worth and those who sell their bitcoin at such lower price will regret today.
Greetings all and still on new year groveIf you are purely a holder then you wont really be making yourself that too impulsive on things on which whether you do see the price going up or down with your entry point then it would really be that a series of price ups and downs or simply a sea on having those waves on which you would really be needing to get along or else you would really be that finding yourself to be that impulsive
I would like to know as a bitcoin holder and trader are you expected to hold bitcoin in short period? What if you hold for long and the price dropped to what you don't expect would be happy with your self just for example the bitcoin was already $47k plus heading to 48k and I know people bought at that price hoping it would crossed 50k before this new year but was surprised to see a price reaction making bitcoin dip below 42k though has been moving within $40k to $42k since from first week of January.
Greetings all and still on new year grove
I would like to know as a bitcoin holder and trader are you expected to hold bitcoin in short period? What if you hold for long and the price dropped to what you don't expect would be happy with your self just for example the bitcoin was already $47k plus heading to 48k and I know people bought at that price hoping it would crossed 50k before this new year but was surprised to see a price reaction making bitcoin dip below 42k though has been moving within $40k to $42k since from first week of January.
If you are an investor, you have to think and plan for several years ahead, and if you are a trader, you should probably think about how you will get out of the deal in a few minutes or hours, so it is difficult to say who should keep how much, the only thing that is certain is that traders should not keep anything at all, they should trade.That's the point, as an investor we definitely have to have a long term plan to make our investment run very well, don't let us become investors who just follow along, in my opinion it's better not to do it at all because it might make us lose money if we don't prepare. everything carefully.
If you are an investor, you have to think and plan for several years ahead, and if you are a trader, you should probably think about how you will get out of the deal in a few minutes or hours, so it is difficult to say who should keep how much, the only thing that is certain is that traders should not keep anything at all, they should trade.That's the point, as an investor we definitely have to have a long term plan to make our investment run very well, don't let us become investors who just follow along, in my opinion it's better not to do it at all because it might make us lose money if we don't prepare. everything carefully.
A trader will be racing against time, they cannot miss the slightest price movement, because every price movement may be a decision for a trader.
If you are an investor, you have to think and plan for several years ahead, and if you are a trader, you should probably think about how you will get out of the deal in a few minutes or hours, so it is difficult to say who should keep how much, the only thing that is certain is that traders should not keep anything at all, they should trade.That's the point, as an investor we definitely have to have a long term plan to make our investment run very well, don't let us become investors who just follow along, in my opinion it's better not to do it at all because it might make us lose money if we don't prepare. everything carefully.
A trader will be racing against time, they cannot miss the slightest price movement, because every price movement may be a decision for a trader.
If you are an investor, you have to think and plan for several years ahead, and if you are a trader, you should probably think about how you will get out of the deal in a few minutes or hours, so it is difficult to say who should keep how much, the only thing that is certain is that traders should not keep anything at all, they should trade.That's the point, as an investor we definitely have to have a long term plan to make our investment run very well, don't let us become investors who just follow along, in my opinion it's better not to do it at all because it might make us lose money if we don't prepare. everything carefully.
A trader will be racing against time, they cannot miss the slightest price movement, because every price movement may be a decision for a trader.
I understand you and I'm going to it myself, but I realize that if I invest small money, I will not earn ,
Personally, I think that investing is about big money or money that you can afford to keep for a long time.
that is actually over expectation and that will hurt people who seeks more than market can give and the problem with those people? if they did not get what they want then will blame the market and of course Bitcoin :DBitcoin will get more expensive ahead of the bull run, and by 2025 it will probably reach over $100K. because I read some investors have very high predictions of more than $150K. I intend to buy bitcoin again when there is a deeper correction.Luckily, Bitcoin has some good news ahead of the halving, such as the acceptance of an ETF and several other good news that can make the price rise because if there is no good news, the Bitcoin price will have difficulty increasing the price to the target price you mentioned.
Actually, you are not wrong when you say investment requires a large capital, but that does not mean that if we do not have a large amount of money we do not invest. There is a DCA strategy that we can do if we don't have a large capital. We simply allocate an amount from our income to invest.That's the point, as an investor we definitely have to have a long term plan to make our investment run very well, don't let us become investors who just follow along, in my opinion it's better not to do it at all because it might make us lose money if we don't prepare. everything carefully.
A trader will be racing against time, they cannot miss the slightest price movement, because every price movement may be a decision for a trader.
I understand you and I'm going to it myself, but I realize that if I invest small money, I will not earn ,
Personally, I think that investing is about big money or money that you can afford to keep for a long time.
If you are an investor, you have to think and plan for several years ahead, and if you are a trader, you should probably think about how you will get out of the deal in a few minutes or hours, so it is difficult to say who should keep how much, the only thing that is certain is that traders should not keep anything at all, they should trade.
Actually, you are not wrong when you say investment requires a large capital, but that does not mean that if we do not have a large amount of money we do not invest. There is a DCA strategy that we can do if we don't have a large capital. We simply allocate an amount from our income to invest.
I do the same thing, and in fact many people do this strategy and it works. But it is true that we also have to prepare for it for a long time, we have to prepare everything so that our investment is not disturbed.
DCA is indeed a great way to reduce the risk of investing in a volatile market such as crypto, because there are some crypto investments that do not require going all in to avoid losing part of your investments, especially for tokens that require to invest for long-term, such as Bitcoin. When investing in Bitcoin, applying the DCA technique could be very helpful, especially for beginners too.
Actually, you are not wrong when you say investment requires a large capital, but that does not mean that if we do not have a large amount of money we do not invest. There is a DCA strategy that we can do if we don't have a large capital. We simply allocate an amount from our income to invest.
I do the same thing, and in fact many people do this strategy and it works. But it is true that we also have to prepare for it for a long time, we have to prepare everything so that our investment is not disturbed.
DCA is a great method to invest, many people do it by buying bitcoin periodically according to my means I have been doing it for a long time. But currently I am trying to add some altcoins before the bitcoin halving, because I see some altcoins have the potential to rise during the bullish season.
If you are an investor, you have to think and plan for several years ahead, and if you are a trader, you should probably think about how you will get out of the deal in a few minutes or hours, so it is difficult to say who should keep how much, the only thing that is certain is that traders should not keep anything at all, they should trade.That's the point, as an investor we definitely have to have a long term plan to make our investment run very well, don't let us become investors who just follow along, in my opinion it's better not to do it at all because it might make us lose money if we don't prepare. everything carefully.
A trader will be racing against time, they cannot miss the slightest price movement, because every price movement may be a decision for a trader.
I understand you and I'm going to it myself, but I realize that if I invest small money, I will not earn ,
Personally, I think that investing is about big money or money that you can afford to keep for a long time.
If you want to save for a long period of time, make sure your money will not be needed in the near future. The question of how much depends on our respective abilities. because investing is best done with cold money, but if we are going to save in the short term, we must have accurate analysis and predictions so that we don't get trapped for too long if it is volatile.
Yep, traders are those who buy and sell cryptocurrencies for short periods to gain small percentages of profit,
Absolutely right, I think so, I tell many people that investing is not a game and it should be taken more seriously and if you decide to do it, then you need to make it clear that if you invest to what level you are going to do it so that you do not have to look at the charts every time.Many investments, including/especially Bitcoin requires a long-term strategy as well as the ability to remain calm in face of market volatility and not every investors possess this important quality of a good bitcoin investor. Day to day fluctuations in price can be very stressful and raises lots of tension in the air and could also prompt many investors into taking drastic decisions out of fear of the unknown. It's important to have a clear mind while facing such situations, and always remember that it's only for the while and that when you continue to HODL and look towards the future, you'll stand to gain at last.
Absolutely right, I think so, I tell many people that investing is not a game and it should be taken more seriously and if you decide to do it, then you need to make it clear that if you invest to what level you are going to do it so that you do not have to look at the charts every time.Many investments, including/especially Bitcoin requires a long-term strategy as well as the ability to remain calm in face of market volatility and not every investors possess this important quality of a good bitcoin investor. Day to day fluctuations in price can be very stressful and raises lots of tension in the air and could also prompt many investors into taking drastic decisions out of fear of the unknown. It's important to have a clear mind while facing such situations, and always remember that it's only for the while and that when you continue to HODL and look towards the future, you'll stand to gain at last.
It's true that this strategy is very helpful for beginners and people who don't have a lot of capital to invest, especially if we look at the current price of Bitcoin.DCA is indeed a great way to reduce the risk of investing in a volatile market such as crypto, because there are some crypto investments that do not require going all in to avoid losing part of your investments, especially for tokens that require to invest for long-term, such as Bitcoin. When investing in Bitcoin, applying the DCA technique could be very helpful, especially for beginners too.
Actually, you are not wrong when you say investment requires a large capital, but that does not mean that if we do not have a large amount of money we do not invest. There is a DCA strategy that we can do if we don't have a large capital. We simply allocate an amount from our income to invest.
I do the same thing, and in fact many people do this strategy and it works. But it is true that we also have to prepare for it for a long time, we have to prepare everything so that our investment is not disturbed.
DCA is a great method to invest, many people do it by buying bitcoin periodically according to my means I have been doing it for a long time. But currently I am trying to add some altcoins before the bitcoin halving, because I see some altcoins have the potential to rise during the bullish season.
And yes it's always important to diversify your portfolio, so adding some altcoins makes a lot more sense and a good and effective way to diversify your investment portfolio.
Yep, traders are those who buy and sell cryptocurrencies for short periods to gain small percentages of profit,
Traders are different, you say that traders receive a small percentage, but this is not so, a trader on average earns 10% per month, and those who engage in scalping (trade during the day) can earn 105 in 1 day, although this is not the rule and there is an exception, but this happens and what I want to say is that traders are different and earn differently.
Absolutely right, I think so, I tell many people that investing is not a game and it should be taken more seriously and if you decide to do it, then you need to make it clear that if you invest to what level you are going to do it so that you do not have to look at the charts every time.Many investments, including/especially Bitcoin requires a long-term strategy as well as the ability to remain calm in face of market volatility and not every investors possess this important quality of a good bitcoin investor. Day to day fluctuations in price can be very stressful and raises lots of tension in the air and could also prompt many investors into taking drastic decisions out of fear of the unknown. It's important to have a clear mind while facing such situations, and always remember that it's only for the while and that when you continue to HODL and look towards the future, you'll stand to gain at last.
Absolutely right, I think so, I tell many people that investing is not a game and it should be taken more seriously and if you decide to do it, then you need to make it clear that if you invest to what level you are going to do it so that you do not have to look at the charts every time.
People are checking the price chart regularly because may be they have to sell their bitcoin when the price reach to their target value. Checking the price chart is not a bad thing but if you are afraid after each dump and pump then there is a possibility that very soon you will sell your coins due to fear of loss.Some time not good ideas checking price or chart regularly and make us have to sell early with bitcoin or altcoin holding, many profitable earn by investor because they was forget with his assets holding and when checking with their wallet look most gain profit earn, better to be long term holder never open or check regularly with bitcoin price hour by hour, but make limitation price target for selling your bitcoin and make order on that price. You can see later have sold your bitcoin or not to make it easily without checking price every time.
I think that if a person remember that all lower prices will recover back after market gets normal then he will be calm and will not do anything that will become a cause of their loss. Be quite and don't be afraid before you achieved your target and think that every mission is achievable if we work for it.
Some time not good ideas checking price or chart regularly and make us have to sell early with bitcoin or altcoin holding, many profitable earn by investor because they was forget with his assets
I think that if a person remember that all lower prices will recover back after market gets normal then he will be calm and will not do anything that will become a cause of their loss. Be quite and don't be afraid before you achieved your target and think that every mission is achievable if we work for it.
I think that if a person remember that all lower prices will recover back after market gets normal then he will be calm and will not do anything that will become a cause of their loss. Be quite and don't be afraid before you achieved your target and think that every mission is achievable if we work for it.
You are very right about this point, not many people think like that and not many know that it is necessary to think like that, everything happens as a rule because of ignorance and that's why people are so impatient, they ideally need to get information (to know how everything works) and then start investing, but as a rule those who have a lot of money but they do not always know how to invest correctly are engaged in investments.
in investing we must always learn to know whatever it is. Seeking knowledge and experience in the crypto world is very important, so that we really have knowledge and experience there. Especially if we become a trader, this is more difficult. if you just buy and hold it is safer. We can buy when it is bearish and sell it when it is bullish.
in investing we must always learn to know whatever it is. Seeking knowledge and experience in the crypto world is very important, so that we really have knowledge and experience there. Especially if we become a trader, this is more difficult. if you just buy and hold it is safer. We can buy when it is bearish and sell it when it is bullish.
Yes, you are absolutely right, being a trader is much more difficult than being an investor, it's basically a law of life and it has always worked on the principle ( the less you do the more you earn ) but it only works if you are already rich and not investing with an amount that may not even be enough to be a trader.
long-term holding will be a great idea I think. Considering the bullish market right now and the trends every time the halving of bitcoins happens.but remember that there are other ways to earn in terms of bitcoin investment and that is Short term holding or those who are majority is doing now and that is to Buy low sell high , not mentioning those who are using DCA.
well, Trading needs a lot of time meaning consuming though you can use Bot now to manage your day trading but it is best if you will put more time on it.
in investing we must always learn to know whatever it is. Seeking knowledge and experience in the crypto world is very important, so that we really have knowledge and experience there. Especially if we become a trader, this is more difficult. if you just buy and hold it is safer. We can buy when it is bearish and sell it when it is bullish.
Yes, you are absolutely right, being a trader is much more difficult than being an investor, it's basically a law of life and it has always worked on the principle ( the less you do the more you earn ) but it only works if you are already rich and not investing with an amount that may not even be enough to be a trader.
The reason why I didn't become a trader is not a problem with the capital I have, I have activities in the real world that require focus to do it. that's why I chose to be a holder, buy crypto and hold on using cold money. I will use the profit from holding in 2021 to buy property. It is possible that this season, if I get a big profit, I will buy it again.
Greetings all and still on new year grove
I would like to know as a bitcoin holder and trader are you expected to hold bitcoin in short period? What if you hold for long and the price dropped to what you don't expect would be happy with your self just for example the bitcoin was already $47k plus heading to 48k and I know people bought at that price hoping it would crossed 50k before this new year but was surprised to see a price reaction making bitcoin dip below 42k though has been moving within $40k to $42k since from first week of January.
in investing we must always learn to know whatever it is. Seeking knowledge and experience in the crypto world is very important, so that we really have knowledge and experience there. Especially if we become a trader, this is more difficult. if you just buy and hold it is safer. We can buy when it is bearish and sell it when it is bullish.
Yes, you are absolutely right, being a trader is much more difficult than being an investor, it's basically a law of life and it has always worked on the principle ( the less you do the more you earn ) but it only works if you are already rich and not investing with an amount that may not even be enough to be a trader.
The reason why I didn't become a trader is not a problem with the capital I have, I have activities in the real world that require focus to do it. that's why I chose to be a holder, buy crypto and hold on using cold money. I will use the profit from holding in 2021 to buy property. It is possible that this season, if I get a big profit, I will buy it again.
well, Trading needs a lot of time meaning consuming though you can use Bot now to manage your day trading but it is best if you will put more time on it.It depends on what trading do you use. I don't think bot can be the right solution if you only trade with small funds. I think it is not very difficult to manage our coins and funds if we know how to do it properly. That's why it is necessary to have good knowledge about trading and how to manage the financial.
If you have the ability to hold cryptocurrency for several years and you have a job in real life, it's another matter, the main thing is that you can do it, ---Holding mustn't always for a long time. If we buy the coins now, I assume we only need to hold few months. However, it depends on the target, how much to gain profits. If we expect to get maximum profits, we must buy in the first year of bearish season and hold for 3-4 years.
Anyone investing in bitcoin, should make up their mind to have it for long term not short term. You know why? Bitcoin has a history of doing well in price in years to come. Even though its price has decreased in price than expected. Just hodl onto it and don't shiver Bitcoin must surely skyrocket more than it has since bitcoin is volatile and we have the bull run and bearish market that defines the lead of price of bitcoin to fall into.Precisely. the history is repeating in BTC cycle of bearish and bullish.
Holding mustn't always for a long time. If we buy the coins now, I assume we only need to hold few months. However, it depends on the target, how much to gain profits. If we expect to get maximum profits, we must buy in the first year of bearish season and hold for 3-4 years.
in investing we must always learn to know whatever it is. Seeking knowledge and experience in the crypto world is very important, so that we really have knowledge and experience there. Especially if we become a trader, this is more difficult. if you just buy and hold it is safer. We can buy when it is bearish and sell it when it is bullish.
Yes, you are absolutely right, being a trader is much more difficult than being an investor, it's basically a law of life and it has always worked on the principle ( the less you do the more you earn ) but it only works if you are already rich and not investing with an amount that may not even be enough to be a trader.
The reason why I didn't become a trader is not a problem with the capital I have, I have activities in the real world that require focus to do it. that's why I chose to be a holder, buy crypto and hold on using cold money. I will use the profit from holding in 2021 to buy property. It is possible that this season, if I get a big profit, I will buy it again.
Holding mustn't always for a long time. If we buy the coins now, I assume we only need to hold few months. However, it depends on the target, how much to gain profits. If we expect to get maximum profits, we must buy in the first year of bearish season and hold for 3-4 years.
Yes I agree with you, if you buy now, then in a year you can see a good profit, maybe even as you wrote 3-4 months, but to get a really good profit in cryptocurrency should buy when the market falls and hold until the next halving.
Holding mustn't always for a long time. If we buy the coins now, I assume we only need to hold few months. However, it depends on the target, how much to gain profits. If we expect to get maximum profits, we must buy in the first year of bearish season and hold for 3-4 years.
Yes I agree with you, if you buy now, then in a year you can see a good profit, maybe even as you wrote 3-4 months, but to get a really good profit in cryptocurrency should buy when the market falls and hold until the next halving.
If you buy when it is bearish and hold it until the halving, it will take around 3 years, friend. We have to use free money and borrowed money. I race enough to keep bitcoins if you don't have the ability to trade.
Borrowed money and investments or trading are not compatible things. I can still understand when people take borrowed money for profitable real estate and then they are very much at risk, but here we are talking about money and the stock exchanges, I do not advise you to take borrowed money.
Borrowed money and investments or trading are not compatible things. I can still understand when people take borrowed money for profitable real estate and then they are very much at risk, but here we are talking about money and the stock exchanges, I do not advise you to take borrowed money.
If you borrow money to invest in real estate, it's still reasonable. but if you borrow money for crypto, I suggest you don't. because crypto is difficult to predict and very volatile. considering investing in crypto with cold hard cash.
I even see that borrowing money for anything is not recommended at all, whether for real estate or for crypto, it's better to use your own money and if you don't have it then it's better to look for it first.
Borrowed money and investments or trading are not compatible things. I can still understand when people take borrowed money for profitable real estate and then they are very much at risk, but here we are talking about money and the stock exchanges, I do not advise you to take borrowed money.
If you borrow money to invest in real estate, it's still reasonable. but if you borrow money for crypto, I suggest you don't. because crypto is difficult to predict and very volatile. considering investing in crypto with cold hard cash.
I even see that borrowing money for anything is not recommended at all, whether for real estate or for crypto, it's better to use your own money and if you don't have it then it's better to look for it first.I totally agree with your POV and I respect it. Because borrowing money can cause a lot of tension if not paid on time plus if its interest includes money then the tensions are more. I also prefer to not borrow money to make investments, but what about a situation in which you have made some investments and are in loss, and at the same time you need money so you think it is advisable to borrow money for the expenses or just use that invested money at loss.
I am someone who can be said to be against this unless the situation is really urgent and even then it is for our survival. However, for other things that we can postpone, I would prefer to postpone it, it may take longer, but for me it is better.
-snip-Where can you borrow interest-free money right now?
Well just like you said there are several cases in which people borrow money, I have been in such a situation and I prefer to borrow money but only interest-free, and will pay the debt once I cover my losses.
If you borrow money to invest in real estate, it's still reasonable. but if you borrow money for crypto, I suggest you don't. because crypto is difficult to predict and very volatile. considering investing in crypto with cold hard cash.Borrow the money from any source isn't a wise idea if it will be used for buying crypto coins. Even if you use the money to buy Bitcoin, I think it is still too risky. No doubt that Bitcoin is a safe investment because it has proven to always growing its price from one bullrun to another bullrun season. But if you want to take profit soon, Bitcoin doesn't for for your investment. The loan has a deadline to repay the money, it is difficult if we want to take profits at any time.
Well yeah same as gambling we can not afford to use loan, hard earned and any other money intended for something like emergency funds as we all know about the risk of this investment and we are only advised to use extra money so we won't end up being stuck due to the volatility of Bitcoin.If you borrow money to invest in real estate, it's still reasonable. but if you borrow money for crypto, I suggest you don't. because crypto is difficult to predict and very volatile. considering investing in crypto with cold hard cash.Borrow the money from any source isn't a wise idea if it will be used for buying crypto coins. Even if you use the money to buy Bitcoin, I think it is still too risky. No doubt that Bitcoin is a safe investment because it has proven to always growing its price from one bullrun to another bullrun season. But if you want to take profit soon, Bitcoin doesn't for for your investment. The loan has a deadline to repay the money, it is difficult if we want to take profits at any time.
Taking a loan just for you to invest? This is something that would really be considered as suicide. You dont know on when crypto prices would jump and if you do tend to makeIf you borrow money to invest in real estate, it's still reasonable. but if you borrow money for crypto, I suggest you don't. because crypto is difficult to predict and very volatile. considering investing in crypto with cold hard cash.Borrow the money from any source isn't a wise idea if it will be used for buying crypto coins. Even if you use the money to buy Bitcoin, I think it is still too risky. No doubt that Bitcoin is a safe investment because it has proven to always growing its price from one bullrun to another bullrun season. But if you want to take profit soon, Bitcoin doesn't for for your investment. The loan has a deadline to repay the money, it is difficult if we want to take profits at any time.
Taking a loan just for you to invest? This is something that would really be considered as suicide. You dont know on when crypto prices would jump and if you do tend to make
out some loan and invest in crypto but the coins you've been holding doesnt pump then how you would be able to repay your loan? For sure you would really be finding
for another loan just for you to pay up your previous loan.This kind of system would relaly be putting you up on so much trouble on which this is something
that you do need to avoid as much as you could.
Taking a loan just for you to invest? This is something that would really be considered as suicide. You dont know on when crypto prices would jump and if you do tend to makeTaking loan although long term holding is not really recommended, you need to pay loan interested every month and how you can recovery for long term holding with loan interest deadline day.
out some loan and invest in crypto but the coins you've been holding doesnt pump then how you would be able to repay your loan? For sure you would really be finding
for another loan just for you to pay up your previous loan.This kind of system would relaly be putting you up on so much trouble on which this is something
that you do need to avoid as much as you could.
Taking a loan just for you to invest? This is something that would really be considered as suicide. You dont know on when crypto prices would jump and if you do tend to makeTaking loan although long term holding is not really recommended, you need to pay loan interested every month and how you can recovery for long term holding with loan interest deadline day.
out some loan and invest in crypto but the coins you've been holding doesnt pump then how you would be able to repay your loan? For sure you would really be finding
for another loan just for you to pay up your previous loan.This kind of system would relaly be putting you up on so much trouble on which this is something
that you do need to avoid as much as you could.
Exceptional if you have passive income and get recovery loan interested every month, its not problem take loan and use for investing in bitcoin with long term holding. You have income to pay loan interested every month without need to sell your bitcoin assets investment, I will try with this option when have good income from my office but today bitcoin have reach most highest price and doubt will profitable when long term holding.
It would be ridiculous if we took out a loan to invest in crypto, because crypto is unpredictable. We should use cold money to invest, not money from debt that we have to think about paying back in installments every month.
It would be ridiculous if we took out a loan to invest in crypto, because crypto is unpredictable. We should use cold money to invest, not money from debt that we have to think about paying back in installments every month.
Loans and investments can be only in one case, only when you buy profitable real estate and rent out daily, controlling this process yourself, and even then there are risks, but to take loans to invest in cryptocurrencies is very dumb)
Loans to buy real estate that are rented out daily provide profits that can be used to pay loan interest each month. but loans to invest in crypto, I think this is not appropriate and too risky. Crypto is unpredictable and highly volatile. So, If we want to invest in crypto better use free money
It would be ridiculous if we took out a loan to invest in crypto, because crypto is unpredictable. We should use cold money to invest, not money from debt that we have to think about paying back in installments every month.
Loans and investments can be only in one case, only when you buy profitable real estate and rent out daily, controlling this process yourself, and even then there are risks, but to take loans to invest in cryptocurrencies is very dumb)
Loans to buy real estate that are rented out daily provide profits that can be used to pay loan interest each month. but loans to invest in crypto, I think this is not appropriate and too risky. Crypto is unpredictable and highly volatile. So, If we want to invest in crypto better use free money
Don't forget about targets and future events. Suppose we target selling BTC at $75k and the next moment is the BTC halving. Of course it has a high probability of hitting $75k soon and also after that you can sell it without having to hold any longer.This is not the first time that the market has risen so much or the market has dumped so much after a rise but we have had big pumping and big dumping in the market before. If we are planning to invest in a long-term plan, then we should not give too much importance to this small pumping or dumping of the market, but we should wait for the big changes in the market. Since our plan is to hold the investment for a long time, we have to wait for that long and if we can wait for a long time, the market will definitely change according to our expectations during this long time. It's not that easy to hold, but I'd rather hold Bitcoin for a long time.
In my opinion, the purpose of holding is to avoid unstable emotions which are usually caused by prices experiencing a dump. Usually people's fears make worse decisions.
You both hold enough reason to defend your answers, and you know what, you both make sense.
It would be ridiculous if we took out a loan to invest in crypto, because crypto is unpredictable. We should use cold money to invest, not money from debt that we have to think about paying back in installments every month.
Loans and investments can be only in one case, only when you buy profitable real estate and rent out daily, controlling this process yourself, and even then there are risks, but to take loans to invest in cryptocurrencies is very dumb)
Loans to buy real estate that are rented out daily provide profits that can be used to pay loan interest each month. but loans to invest in crypto, I think this is not appropriate and too risky. Crypto is unpredictable and highly volatile. So, If we want to invest in crypto better use free money
I would even put it differently, money in investing in cryptocurrency should be used only those that you are ready to practically lose, it is about those that you want to invest in those projects that are not in the top, even investing in bitcoin you should be ready to forget about this money perhaps for several years.
Don't forget about targets and future events. Suppose we target selling BTC at $75k and the next moment is the BTC halving. Of course it has a high probability of hitting $75k soon and also after that you can sell it without having to hold any longer.
In my opinion, the purpose of holding is to avoid unstable emotions which are usually caused by prices experiencing a dump. Usually people's fears make worse decisions.
Don't forget about targets and future events. Suppose we target selling BTC at $75k and the next moment is the BTC halving. Of course it has a high probability of hitting $75k soon and also after that you can sell it without having to hold any longer.
In my opinion, the purpose of holding is to avoid unstable emotions which are usually caused by prices experiencing a dump. Usually people's fears make worse decisions.
Makes sense :)
Taking profits at the price level at which we want to sell or buy an asset to take profit is the goal of all investors.
To maintain stability and increase investment value, cut loss, stop loss, and Hodl are strategies that can be implemented to maximize profits.
Knowing the purpose of investing will align our plans and financial situation.
I don't see it as dumb and won't accept the fact that it's risky but with proper sense of the market will help, imagine getting taking loan after bitcoin ETF has been accepted its good since we know this was among the influence for a ATH . Now during bitcoin halving if I take loans to stack more bitcoin there is a little chance I'm going to be at a lost.
It would be ridiculous if we took out a loan to invest in crypto, because crypto is unpredictable. We should use cold money to invest, not money from debt that we have to think about paying back in installments every month.
Loans and investments can be only in one case, only when you buy profitable real estate and rent out daily, controlling this process yourself, and even then there are risks, but to take loans to invest in cryptocurrencies is very dumb)
You both hold enough reason to defend your answers, and you know what, you both make sense.
If you take a loan and invest it in cryptocurrency, we can see it as a good and bad decision. Why? Because if you take a loan, it means you need to have a passive income to pay the loan every month, if you don't have any money to pay that loan, you will end up selling your investment to fulfill the balance of your loan. If you do have a stable job, then there's nothing wrong with that as long as you can pay your debt. You can simply think of it as you are doing DCA, though you purchased in a lump sum using the money you loaned.
On the other side, it is also correct. If you take a loan and do not use it on something like business to provide you with a passive income, you will never be able to pay your loan. You will only make yourself have a hard time until you settle your debt. If you use it somewhere and make it as your passive income where you can pay your debt and an additional income, that would be also good.
You both justify your opinions, it's just a matter of how you consider things like how you take an action using your own method, the timing of your investment/loan, or how can you handle the risk of your decision.
I don't see it as dumb and won't accept the fact that it's risky but with proper sense of the market will help, imagine getting taking loan after bitcoin ETF has been accepted its good since we know this was among the influence for a ATH . Now during bitcoin halving if I take loans to stack more bitcoin there is a little chance I'm going to be at a lost.
There's a risk also in taking loans to invest in real estate which is reduced with the type of real estate you choose just like taking loans for bitcoin knowing were the market is tending to is really important to be successful
~ ~ ~
It really takes a good and accurate analyst to look at the market, even though we know crypto is very volatile and unpredictable. but as you suggested cut loss, stop loss, and Hodl are strategies that we can use when investing. For now, I prefer to hold and buy back some coins which I predict will increase in price again.
~ ~ ~
It really takes a good and accurate analyst to look at the market, even though we know crypto is very volatile and unpredictable. but as you suggested cut loss, stop loss, and Hodl are strategies that we can use when investing. For now, I prefer to hold and buy back some coins which I predict will increase in price again.
Everyone has their strategy, depending on their investment goals
and I will not say that the strategy I apply is the best way.
If you think Hodl and buyback is the most suitable method, go ahead. Your money, your rules...
Don't worry, All roads lead to Rome... And there are many ways to succeed.
Keep Hodl and buy the dips... All the best for you :)
Don't forget about targets and future events. Suppose we target selling BTC at $75k and the next moment is the BTC halving. Of course it has a high probability of hitting $75k soon and also after that you can sell it without having to hold any longer.
In my opinion, the purpose of holding is to avoid unstable emotions which are usually caused by prices experiencing a dump. Usually people's fears make worse decisions.
Frankly you're right before venturing for a loan, you should at least create the worse case scenario were what you are investing it on may fail or the means of payment may fail and then what will be your alternative to get the idea of the burden you may place on your self and to know if taking that loan worth it .
You both hold enough reason to defend your answers, and you know what, you both make sense.
If you take a loan and invest it in cryptocurrency, we can see it as a good and bad decision. Why? Because if you take a loan, it means you need to have a passive income to pay the loan every month, if you don't have any money to pay that loan, you will end up selling your investment to fulfill the balance of your loan. If you do have a stable job, then there's nothing wrong with that as long as you can pay your debt. You can simply think of it as you are doing DCA, though you purchased in a lump sum using the money you loaned.
On the other side, it is also correct. If you take a loan and do not use it on something like business to provide you with a passive income, you will never be able to pay your loan. You will only make yourself have a hard time until you settle your debt. If you use it somewhere and make it as your passive income where you can pay your debt and an additional income, that would be also good.
You both justify your opinions, it's just a matter of how you consider things like how you take an action using your own method, the timing of your investment/loan, or how can you handle the risk of your decision.
You are painting a utopia for investment, but this is a delusion, it doesn’t work like that, in general, investing itself implies that you do not work somewhere for someone, but already have a stable income (perhaps not very large), simply because you could simply be fired and you will not be able to meet your monthly payments.
We do have indeed our own methods and ways on which its true that there are methods which its effective for us or something that works and there are ones which arent.~ ~ ~
It really takes a good and accurate analyst to look at the market, even though we know crypto is very volatile and unpredictable. but as you suggested cut loss, stop loss, and Hodl are strategies that we can use when investing. For now, I prefer to hold and buy back some coins which I predict will increase in price again.
Everyone has their strategy, depending on their investment goals
and I will not say that the strategy I apply is the best way.
If you think Hodl and buyback is the most suitable method, go ahead. Your money, your rules...
Don't worry, All roads lead to Rome... And there are many ways to succeed.
Keep Hodl and buy the dips... All the best for you :)
Everyone has their strategy, depending on their investment goals
and I will not say that the strategy I apply is the best way.
If you think Hodl and buyback is the most suitable method, go ahead. Your money, your rules...
Don't worry, All roads lead to Rome... And there are many ways to succeed.
Keep Hodl and buy the dips... All the best for you :)
I would like to reckon that the fear is also what results to some folks making wrong decision, well not for those that know the full purpose of them actually holding their coins. Many people hold their Bitcoin but are victim to making of wrong choices when it comes that particular period that the price experience short dip. The reason why I say this is because I have seen alot of my friends who are claiming to hold swap their coins to stable coins due to the fact that the drastic downward movement of Bitcoin still scares them.Exactly, trading requires keeping a cool head so that it is easy to analyze and when making decisions it is well considered, so that losses will be minimized. Bitcoin price movements are sometimes also scary because history records when Bitcoin prices at $60k can fall to $15k during a bearish season.