Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Bitcoin Forum => Topic started by: Mia Chloe on October 01, 2024, 12:30:58 PM
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Yes it's a topic about hodling again so don't get tired of it . Like I mean we are bitcoiners here right? and hodling is pretty much one of the major things we do. To start with, one thing that actually differentiates a bitcoin holder from an altcoin hodler is not only the trust we have in the volatility of bitcoin but also how long we could potentially hodl on to your coins without the fear of a sudden dip. So it isn't much of a big deal to see bitcoiners talk about hodling here and there since we pretty much do it many times.
Anyways , like the topic says, what should be the the target? Or rather what is the target. As a bitcoiner majority of us practice and talk about long term hodling and the question is how long is an average long term hodling supposed to last ?
Well someone may rush to say 4 years which is a nice time too because of the halving events. However what if such bitcoiner bought his coins 2 years before the next halving, would it still be long term?
Also for those that pinpoint their target with a particular fiat equivalent of say $100k , what is your target ? What if we hit $100k just a year and six months after our recent halving, will you still classify based on your target that you did HODL for long term?
And for the Forever HODLERs 8) or should I say infinity HODLERs, what's your catch?
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Yes it's a topic about hodling again so don't get tired of it . Like I mean we are bitcoiners here right? and hodling is pretty much one of the major things we do. To start with, one thing that actually differentiates a bitcoin holder from an altcoin hodler is not only the trust we have in the volatility of bitcoin but also how long we could potentially hodl on to your coins without the fear of a sudden dip. So it isn't much of a big deal to see bitcoiners talk about hodling here and there since we pretty much do it many times.
Anyways , like the topic says, what should be the the target? Or rather what is the target. As a bitcoiner majority of us practice and talk about long term hodling and the question is how long is an average long term hodling supposed to last ?
Well someone may rush to say 4 years which is a nice time too because of the halving events. However what if such bitcoiner bought his coins 2 years before the next halving, would it still be long term?
Also for those that pinpoint their target with a particular fiat equivalent of say $100k , what is your target ? What if we hit $100k just a year and six months after our recent halving, will you still classify based on your target that you did HODL for long term?
And for the Forever HODLERs 8) or should I say infinity HODLERs, what's your catch?
You have a lot of questions, but I'll address the key points.
I'm currently holding BTC in my account, with the intention of holding until 2025 to realize profits at the peak. I don't want to be caught holding BTC through another crypto winter; I believe there's an opportunity to acquire BTC at a lower price in 2027.
My target price for BTC in this cycle is $100K-$150K. I've mentioned this in various discussions and have previously elaborated on it in my predictions. This will be the price zone at which I'm certain to take action. I'm a cyclical investor, I'm not part of the group that holds BTC forever.
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I can't say I am a long term hodler myself but as long as I don't to withdraw my Bitcoins I'm holding it. For the target price, well, based on my previous replies on the same question from another topic $85k to $150k will do but since I hodl only for back-up purposes I don't know how long I can have mine. I also think of one thing since the inflation here in my country is getting more higher Bitcoin would be my perfect reserve.
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I always say that the goal you should have only tied to you, nothing else. Whatever amount you put out as your goal, will be your goal and can't be same with other people. I think half a million dollars is more than enough to retire for me, so lets assume that I retire with half a million dollars, for someone in sudan that would be too much, they can retire with a lot more, but for someone in Toronto or new york for example that would not be enough. So as you can see, you decide on your own goal and when you reach that goal, I suggest to stop, do not get greedy and actually start living your life.
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You have a lot of questions, but I'll address the key points.
I'm currently holding BTC in my account, with the intention of holding until 2025 to realize profits at the peak. I don't want to be caught holding BTC through another crypto winter; I believe there's an opportunity to acquire BTC at a lower price in 2027.
My target price for BTC in this cycle is $100K-$150K. I've mentioned this in various discussions and have previously elaborated on it in my predictions. This will be the price zone at which I'm certain to take action. I'm a cyclical investor, I'm not part of the group that holds BTC forever.
Yeah there really are a lot of questions, anyways your reply is quite interesting. Well from your reply the summary obviously suggests that you are a HODLER with a price target in mind. Well it's possible bitcoin hits your target price of about $100k even before 2025 and that of course is if we eventually get a good bullish push . Anyways chances still have it though that we may not hit $100k+ few months into or after 2025.
I can't say I am a long term hodler myself but as long as I don't to withdraw my Bitcoins I'm holding it. For the target price, well, based on my previous replies on the same question from another topic $85k to $150k will do but since I hodl only for back-up purposes I don't know how long I can have mine. I also think of one thing since the inflation here in my country is getting more higher Bitcoin would be my perfect reserve.
So far I think I'll come to a conclusion that almost everyone uses both time and a target price because if you check pretty much every one that has replied with their target price still have their mind on a particular time range too.
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In business, an investment that would last for one year is considered as Current (short) while assets bought and not sold within a year is Non-current (long). These are financial terms that you could also follow in crypto but I understand that there's a difference in every trader's point of view. There might be some that would call one year as too long to hold.
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I know it is good to set targets for your investments, but while holding BTC, i don't really think i have an intention of selling all of my coins at any point, i see it as an asset, and people don't end their relationship with their assets. Surely i will sell at different intervals, but not everything, just enough to cover other needs or enough to enter other endeavors, that is how i see it.
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Anyways , like the topic says, what should be the the target? Or rather what is the target.
depends on you
i know most young people treat holding as a preparation for later on in life maybe to buy a house or a car or some business while some older people treat holding as their retirement plan so i do not think it is exactly about maximum profit for those who treat it for retirement but rather just making sure there is enough money for them to get by when they eventually stop working
Well someone may rush to say 4 years which is a nice time too because of the halving events. However what if such bitcoiner bought his coins 2 years before the next halving, would it still be long term?
long term covers six months at least so i think yes i would consider it as long term already those who do short term are mostly known as traders well anyway some people do not plan on buying holding then selling then buying again when it dips the point of hodling is that you do not need to worry too much about your coins the only thing you want to be careful around is the time you will sell it for good so make sure that it is at its absolute peak
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...what should be the the target? Or rather what is the target. As a bitcoiner majority of us practice and talk about long term hodling and the question is how long is an average long term hodling supposed to last?
There should never be a standard and accepted definition as to how long should we be hodling Bitcoin. Why? All because we all have different goals with what we are doing here. One may believe 4 years is long-term or one may opt for 10 years. Therefore, it all boils down to one's preference. As for me, I am more with price rather than a period...means I would be hodling my small BTC until it would reach a certain price and if it can happen next month then that's it and if it can happen in 2025 and beyond then that would be my definition of my long-term.
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There should never be a standard and accepted definition as to how long should we be hodling Bitcoin. Why? All because we all have different goals with what we are doing here. One may believe 4 years is long-term or one may opt for 10 years. Therefore, it all boils down to one's preference. As for me, I am more with price rather than a period...means I would be hodling my small BTC until it would reach a certain price and if it can happen next month then that's it and if it can happen in 2025 and beyond then that would be my definition of my long-term.
You have a point . Every HODLERS has the freedom to define how long they want to HODL their coins and if that's so then there should be something more like an average time frame or something they would call their minimum time frame for such Hodling session to be called a long term one. Imagine someone who bought at say $49k during the recent dip period sells at our most recent $65k bull, such a person logically didn't HODL for long term .
However someone might suggest that the person sold at the right price and that's if $65k was his initial target in mind. And that's the more reason I said before that long term hodling is more of a combination of both time and price target for most hodlers.
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Many of us as Bitcoin holders are tied on next year's major bull run for our Bitcoin sell-off. That time, you will see how some Bitcoin holders tend to sell their Bitcoin holdings. Some might decide some part of their Bitcoin are $100k price tag, some might even decide to sell all at once at that price and wait to the next bearish market around 2027 when the market will have a huge fall in price for them to begin to buy again to hodl till to 2030 when the halving and bull run will happen all over again
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Many of us as Bitcoin holders are tied on next year's major bull run for our Bitcoin sell-off. That time, you will see how some Bitcoin holders tend to sell their Bitcoin holdings.
I know that there's been a lot of talk about BTC getting to $100k, but i don't think so many people are going to sell every BTC they have once BTC is at that price, i don't see that as a smart plan or decision. It is normal to sell some, and do something else with the money, but if you sell everything, in a short time you will be trying to buy back some BTC for yourself.
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I know that there's been a lot of talk about BTC getting to $100k, but i don't think so many people are going to sell every BTC they have once BTC is at that price, i don't see that as a smart plan or decision. It is normal to sell some, and do something else with the money, but if you sell everything, in a short time you will be trying to buy back some BTC for yourself.
For me personally, it's normal to sell a portion of my BTC holdings at an ATH price of $100k because that's my closest target at the moment.
Taking a little profit is also necessary to do, rather than just holding back without any end.
I sell to buy again at a lower price or when there is a market crash, so it will be a good opportunity to start re-entering.
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Holding is nothing in my view, you need to be an accumulator, now it's up to you which kind of accumulator you want to be, a regular accumulator and profit broker or any other type, In my view it is good that you should accumulate and book some profit on good modes of the market it can help an accumulator to boost his total holding. As for now in the short-term approach it's better to hold until the $100k.
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In my view it is good that you should accumulate and book some profit on good modes of the market it can help an accumulator to boost his total holding. As for now in the short-term approach it's better to hold until the $100k.
Are you referring to swing traders? I'm not sure what accumulator means in this case. Sounds like you're suggesting we buy Bitcoin regularly but sell at specific intervals. On the other hand, there is a DCA element in your suggestion since you mentioned total holding.
Taking a little profit is also necessary to do, rather than just holding back without any end.
Yeah, I regret not doing so because I failed to secure a decent profit from my holding. While I don't particularly monitor the market since I know volatility can screw with my emotion, I plan to sell some of my stash when I feel like we're reaching the top of a bull run. Hopefully, I can time it well so I don't end up with another regret.
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Yeah, I regret not doing so because I failed to secure a decent profit from my holding. While I don't particularly monitor the market since I know volatility can screw with my emotion, I plan to sell some of my stash when I feel like we're reaching the top of a bull run. Hopefully, I can time it well so I don't end up with another regret.
Regret will always come when you don't take profits when the price has started to get high and reach your desired target.
Sometimes those people are too greedy to reach a higher price.
I am aware that investing and trading is to make a profit, so take profits when the price is starting to get good and it is indeed the time that needs to be done.
Usually people who are too panicked and greedy will only sell when the price keeps going down but when it goes up and keeps going up they hold it in the hope that the price will go even higher, I have also been in such a condition that it messes up all my strategies.
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Yeah, I regret not doing so because I failed to secure a decent profit from my holding. While I don't particularly monitor the market since I know volatility can screw with my emotion, I plan to sell some of my stash when I feel like we're reaching the top of a bull run. Hopefully, I can time it well so I don't end up with another regret.
Regret will always come when you don't take profits when the price has started to get high and reach your desired target.
Sometimes those people are too greedy to reach a higher price.
I am aware that investing and trading is to make a profit, so take profits when the price is starting to get good and it is indeed the time that needs to be done.
Usually people who are too panicked and greedy will only sell when the price keeps going down but when it goes up and keeps going up they hold it in the hope that the price will go even higher, I have also been in such a condition that it messes up all my strategies.
In investment we have to make a plan and target, if the target has been achieved we should not be greedy and want to take more profit, because usually we will lose when we are greedy because it is no longer in accordance with the target we planned. That is a bad emotion, and experience should be able to control the emotion
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In investment we have to make a plan and target, if the target has been achieved we should not be greedy and want to take more profit, because usually we will lose when we are greedy because it is no longer in accordance with the target we planned. That is a bad emotion, and experience should be able to control the emotion
Greed is the root of all problems that will occur, so when the main target is not achieved it will make us even more stressed and lose everything, including an investment that is being made.
I myself will sometimes lose out on unstable trading psychology that keeps all plans from going as they should.
This will bother me a lot, so there will be more burden on the mind.
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Yes, because it is true for Bitcoin, holding is worth it. There are many things that make us excited to hold Bitcoin, especially when stepping on the bearish to bullish era, this is really worth it when we can get the opportunity and funds to be able to buy Bitcoin at a price that is still quite low. and then hold for a long period of time, yes at least until we meet the bullish era. This will be very potential to rise, and Bitcoin is that successful in various efforts to increase its price in every bullrun era.
The problem is how strong we are to hold because there are indeed many things that make the price of BTC suddenly drop and collapse drastically, while the increase is very weak. but for Bitcoin holders, especially long term, then that will not change our desire to continue holding the coins at least we hope to meet the real bullrun from Bitcoin
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In investment we have to make a plan and target, if the target has been achieved we should not be greedy and want to take more profit, because usually we will lose when we are greedy because it is no longer in accordance with the target we planned. That is a bad emotion, and experience should be able to control the emotion
Greed is the root of all problems that will occur, so when the main target is not achieved it will make us even more stressed and lose everything, including an investment that is being made.
I myself will sometimes lose out on unstable trading psychology that keeps all plans from going as they should.
This will bother me a lot, so there will be more burden on the mind.
At the beginning of my learning to trade I experienced this, where bad emotions arose, I was greedy so that the target I had set changed because of this bad emotion so that I experienced a loss because I expected a higher profit but the price suddenly dropped. It is indeed difficult to control emotions if we do not have good experience and knowledge in trading, that's why many people need a long time to gain experience.
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Yes, because it is true for Bitcoin, holding is worth it. There are many things that make us excited to hold Bitcoin, especially when stepping on the bearish to bullish era, this is really worth it when we can get the opportunity and funds to be able to buy Bitcoin at a price that is still quite low. and then hold for a long period of time, yes at least until we meet the bullish era. This will be very potential to rise, and Bitcoin is that successful in various efforts to increase its price in every bullrun era.
The problem is how strong we are to hold because there are indeed many things that make the price of BTC suddenly drop and collapse drastically, while the increase is very weak. but for Bitcoin holders, especially long term, then that will not change our desire to continue holding the coins at least we hope to meet the real bullrun from Bitcoin
I think holding bitcoin to buy now and hold until next year is not too long, maybe 6-10 months we will see the bullish season and the price of bitcoin will reach $ 100K, this is just a prediction can be wrong.
but for me $ 100K is still reasonable for bitcoin to reach the top ATH next year. We should keep holding our bitcoin and wait until next year if we want to get maximum profit.
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At the beginning of my learning to trade I experienced this, where bad emotions arose, I was greedy so that the target I had set changed because of this bad emotion so that I experienced a loss because I expected a higher profit but the price suddenly dropped. It is indeed difficult to control emotions if we do not have good experience and knowledge in trading, that's why many people need a long time to gain experience.
Even people who have been studying for a long time they cannot manage psychology well, always experience unstable emotional spikes when the strategy does not fit and the price of the purchased coin continues to fall.
I am also one of those people who is quite weak in psychology and always feel like a failure when the coins I trade do not make a profit.
It was very imprinted and made me stressed.
So prepare your psychology before trading and be aware that not only profits, but losses will always happen to anyone.
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I have noticed that most people wait for the halving to happen and then they become bullish and believe that a new bull run is on the way but that is not how it happens. Plus you'll be rushing to buy before it's even half off. So now is the perfect time to start investing before bitcoin goes to halving in 2024! On the other hand your pocket fund will tell you long time or short time holding pried. Personally i always take bitcoin as a long time holding because my investment here is risk free. However, in the case of altcoins, short time is best and the desire to profit by using the hype of a token.
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Also for those that pinpoint their target with a particular fiat equivalent of say $100k , what is your target ? What if we hit $100k just a year and six months after our recent halving, will you still classify based on your target that you did HODL for long term?
And for the Forever HODLERs 8) or should I say infinity HODLERs, what's your catch?
Actually for my first target, it will be at the rate of around $90k. I will take profit several percentage of my Bitcoin. But, it is not all in taking profits. Then, the second target will be at $100k. I am sure that the price can hit that $100k, but anyway, I have to make sure I have enjoyed the profits first from the initial purchases I made, so I want to take profits at a number that is very likely to be large. The next is a bonus if it can reach $100k or even more. And will be much more profitable again if it is more than $100k, but for me, I will be more carefful this time by setting seevral stages of my target to take profits.
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The target varies for what you are up to. You can also have not a target at all and you just casually withdraw money whenever you need to have it. All you have to do is to make sure that you're in profit every time you make a withdrawal so that you won't have any issues at all for your sake and you're not going to be problematic each time you decide. Because many sellers that tend to be long time holders are regretting the times that they have sold and that's a normal issue to most of us.
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Also for those that pinpoint their target with a particular fiat equivalent of say $100k , what is your target ? What if we hit $100k just a year and six months after our recent halving, will you still classify based on your target that you did HODL for long term?
I am holding little BTC but I have plenty alts which I am looking to get rid of when BTC reaches 100K, sell those alts for stables, and purchase BTC when it dips to ~$40K.
I am really patient person; I don't know what exactly I would call a long term but 1.5—2 years is definitely not it.
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I am holding little BTC but I have plenty alts which I am looking to get rid of when BTC reaches 100K, sell those alts for stables, and purchase BTC when it dips to ~$40K.
I am really patient person; I don't know what exactly I would call a long term but 1.5—2 years is definitely not it.
From what you've said so far I can conclude that your hodling plan is very enthusiastic. Well for bitcoin to push to around a 100k we are either going to have a slow and gradual push or we get a very high momentum. Well I. Can say that for us to be a vle to get that strong momentum to quickly pump bitcoin to a 100k will be difficult even if bitcoin is volatile. Anyways if we get to a 100k with a strong push like that we'll definitely experience some pull back because of the inefficiencies that would be left behind.
Anyways the best I believe would be a gradual momentum since the likelihood of a sudden drop in price happening would be way more lower. Bitcoin going back to 40k though is going to be very difficult in my opinion.
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I am holding little BTC but I have plenty alts which I am looking to get rid of when BTC reaches 100K, sell those alts for stables, and purchase BTC when it dips to ~$40K.
I am really patient person; I don't know what exactly I would call a long term but 1.5—2 years is definitely not it.
From what you've said so far I can conclude that your hodling plan is very enthusiastic. Well for bitcoin to push to around a 100k we are either going to have a slow and gradual push or we get a very high momentum. Well I. Can say that for us to be a vle to get that strong momentum to quickly pump bitcoin to a 100k will be difficult even if bitcoin is volatile. Anyways if we get to a 100k with a strong push like that we'll definitely experience some pull back because of the inefficiencies that would be left behind.
Anyways the best I believe would be a gradual momentum since the likelihood of a sudden drop in price happening would be way more lower. Bitcoin going back to 40k though is going to be very difficult in my opinion.
$40k is quite far but possible depending on what pushes the downward trend but we are also very optimistic about Bitcoin hitting the $100k mark if not this year then maybe 2025 so yeah I am also wondering how many digits you guys will make as profits if it hits $100k? As per my holdings it's quite small maybe 4-5 digits in my local currency the approximate profit when price hits $100k.
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Yeah there really are a lot of questions, anyways your reply is quite interesting. Well from your reply the summary obviously suggests that you are a HODLER with a price target in mind. Well it's possible bitcoin hits your target price of about $100k even before 2025 and that of course is if we eventually get a good bullish push . Anyways chances still have it though that we may not hit $100k+ few months into or after 2025.
I believe that price targets are often set for fun and to test one's predictive abilities rather than as strict trading conditions. I anticipate BTC to reach $150K-$170K in this bull run, but I'm always prepared to take profits at the first signs of a trend reversal.
$100K has always been a significant price level we've been eyeing since 2021. While I can't say for certain when BTC will hit it, Q1 2025 seems like a plausible timeframe. This could be the perfect catalyst for a market explosion and the start of the altseason!
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I believe that price targets are often set for fun and to test one's predictive abilities rather than as strict trading conditions. I anticipate BTC to reach $150K-$170K in this bull run, but I'm always prepared to take profits at the first signs of a trend reversal.
$100K has always been a significant price level we've been eyeing since 2021. While I can't say for certain when BTC will hit it, Q1 2025 seems like a plausible timeframe. This could be the perfect catalyst for a market explosion and the start of the altseason!
The fact is that bitcoin will likely hit $100k however the problem like you said initially is that we can't actually tell or pinpoint when exactly it's going to happen. Bitcoin is currently on a nice trend and as long as it continues price will likely progress gradually until we eventually hit or even surpass a 100k. Anyways saying 150k or more is very enthusiastic I'll say. Bitcoin has done a couple of pullbacks lately while still maintaining its uptrend.
Personally though I don't really see bitcoin hitting a 100k this year it may actually seem like it but I really don't think it's happening anytime too soon. A big push may occur that can probably take us to around about say 75k however even at that we'll still experience a pullback if the momentum is very strong.
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The target should depend on the type of investor that you are. I think if you’ve a targeted price, it doesn’t matter how long it takes to get to that price, when the market starts trading in that range you can sell them off. As an investor with target, been a long term or a short term holder won’t matter enough, just wait for the price to get to the target you wish to sell them on.
As a trader, if my target is to sell bitcoin at intervals, like at every cycle peak, you won’t need to wait for a long term, like more than four years before you’ll get to sell your coins. You’ll be term more as a cyclical trader and traders like that don’t need to be in a hodl perspective kind of trader.