Each investor has a different goal. Even if we hold Bitcoin for a short term, I'm sure we also can enjoy the profits. You can learn the price change of Bitcoin in the last year and this year. If we buy Bitcoin in the early of 2024 and we sell the Bitcoin in this year, we still get enough profits. Investing in Bitcoin isn't a must for many years, it can be for few months or a year. However I agree that the profits will be high if we hold more than 5 years. Holding 10-11 years will have huge profits for sure.

Quote from: hugeblack on February 03, 2025, 12:55:07 PM

No, 109000 was not ATH so we are still in a bull market that will lead the price to higher levels of $110k, the current correction is healthy and beneficial for the long-term trend of the price. You can start to worry if the price drops below $60k.

You are right, but for now since we no other new ATH yet we can say $109k is considered to be higher price till we experience another price new level. Though what we see is just a mere market correction that would create more strength for the market to gain momentum to create additional price, but we can't be sure of the market since the reaction this season seems to be usual and we must not think as before again. Who knows if this 109k would be the highest for this season?

Quote from: CryptoBun on December 28, 2024, 11:06:36 AM

First of, i don’t think ALTS season exists and all altcoins can’t reach ATH all at once. From what I’ve seen so far only a few has hit an ATH during this bull season, i mean not even the top 50. The growth of most altcoins does not fully depend on the bull run. Some alts did well few months ago and right now they are just there.

Still difficult for altcoin season after bitcoin hit higher price last week ago and today get dump make altcoin price easily for dumping, when bitcoin hit higher price the market more dominance by investor for trading or investing in bitcoin make difficult for altcoin raise to higher price. But when bitcoin going down many people get panic by selling their bitcoin assets and bring huge impact for altcoin going down drastically. I think to make altcoin season need to see bitcoin keep stable on higher price and make the market dominance for altcoin than bitcoin.

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Don't worry if hold Ethereum and keep patience for longer time opportunity with ETH will break more higher price, if bitcoin going up easy for ETH following bitcoin movement.

Quote from: dekafee79 on December 27, 2024, 10:25:35 PM

Bitcoin is currently experiencing a correction but the price may remain above $90K and if we still have capital, we should buy bitcoin and potential altcoins to prepare for next year's bullish season. The end of year holiday season is likely to see the price of bitcoin drop again so prepare your USD.

With what i have been seeing recently concerning the bitcoin market price, there is more of being on a bullish pattern even till the last day of the year, not because we are going bearish now down to $90,000 but because the long time speculation also give the same pattern for the market moves this season, that it may firstly look like bearish before the bullrun continues in an unexpected pattern.

Quote from: doc on December 26, 2024, 10:42:42 PM

Quote from: Cryptsafe on December 21, 2024, 10:10:51 PM

I have no doubt about that because so far, there have been lots of news of lately about whales buying bitcoin and removing them from the exchanges now my question is this, who are these whales buying and removing from exchanges? I believe the exchanges too have no idea who they are maybe they might just use a pseudo identity to do that or they tell exchange to handle discretely such information about their identity till they decide to say it themselves.  However, I would not be surprise tomorrow the world powers would come out publicly to telling the world that they own large volume of bitcoin in their possession and would not be intimidated by any counterpart.

It is likely that this will happen, big investors will hold bitcoin and altcoins and currently we never know who the whales are because in the crypto world everything seems semi-anonymous and exchanges also hide their identities unless there is a request from a legal institution for a problem. And it could be that the brand uses a fake identity.

Possibly they might be using a fake identity because in this crypto industry, nobody wants their identity to be public and they could go to any extent to make sure their identity is concealed. This is why in most cases, most of the big buy we hear and see we do not know who the buyers are except for those who publicly come out to say it for people to know, and in most cases, they just use their announcement to manipulate the market to their advantage.

Quote from: Gurujebs on December 26, 2024, 11:12:27 PM

Funny enough that in every Bitcoin cycle, more coins are been added to the market and I wonder which ones are really good for the long term. There are thousands of projects that are launched that I don't even know anything about them right now and trust me, by the time bull market is gone, that's when you will be hearing of their existence after people have sold.

Some projects die as a result of team not doing anything after the bull run. You know that in bull run, team simple announcement can pump a coin but it's very difficult to do that in a bear market.

Getting to decide or pinpoint the right project that’s right and safe for buying and holding for the longer term has always been the problem when it comes to investing in altcoins, this is mostly because, all these projects are just alike and have literally same characteristics and features which of course may likely make making a choice or the right choice seem like an impossible choice.

This is actually the reason I always try to advice investors, especially the newbies to stay clear off these projects, at least for their own sake, because it’s very easy to delve into the wrong project without even knowing and then investing and losing all their funds in a twinkle of an eye.

Quote from: UNIVERSE on December 25, 2024, 11:59:39 PM

Quote from: JusticeDeGreat on December 24, 2024, 11:10:19 AM

Holding crypto coins is like an investment that will either profit the coin owner or long gone. Instead of holding coin, one should go and make the necessary trading. Trading is risky, but the idea of holding the coins is riskier. So it's better to trade and avoid pressures resulting from fears, because it can lead one to more confusion.

Holding crypto is surely the same as investment. 
If we hold good crypto coins, we should take good profits after we hold for few years.
I think trading is an optional, it is not a must to do. But trading is good to do, it can make us earning faster money. Trading surely has the risks but we can deal with the risks if we have the knowledge. So, we shouldn't be so afraid with the risks of trading. We only need to understand how to deal with the risks..

If you cant be able to bare up with the risks involved when it comes to investing into cryptocurrencies then it will be that ideal for you to just simply hold up rather than on trying trade because it will really be that somewhat risky if you do have this kind of approach on things but of course you should be setting out some taking up profits because this is the primary reason on why we are here but if you are planning up to very long term or for years then this wont be an issue for you to mind on.Just take it slow on everything because if you do hurry up yourself on making money then you are really that prone into tons of mistakes.