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Author Topic: HODLing Altcoins  (Read 27286 times)

Offline alltalk

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Re: HODLing Altcoins
« Reply #300 on: August 03, 2024, 11:19:31 PM »
I like how bullish everyone has become with Bitcoin but what if $100k become something that will be a fight for another bullrun or after the next halving. There has not been interest in buying or pushing Bitcoin price like the last bull run. By now, Bitcoin should be trading above $100k or even higher but it's still standing where it was 2 months ago and very soon below $60k
It is just a prediction. Even in the previous bullish season, people already predicted Bitcoin to be $100k but it failed. I think if Bitcoin fails again to reach $100k, people may not be very interested again with Bitcoin because they will assume $100k for Bitcoin is just a dream. Well, it is true Bitcoin is still around $60k but it may skyrocket in the near future.

I know it is going to be painful to buy Bitcoin and sell half way journey while everyone are enjoying breaking new all time but had it been one has bought and sell at the level of $70k twice. The person would have made more money and be able to buy more Bitcoin when the price comes down.
Why we must sell Bitcoin now? We shouldn't sell Bitcoin around $60k.
Just try to keep Bitcoin because many people predicted there will be good trends in the end of this year. I think it should be above $70k again very soon.

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Re: HODLing Altcoins
« Reply #300 on: August 03, 2024, 11:19:31 PM »

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Offline dekafee79

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Re: HODLing Altcoins
« Reply #301 on: August 04, 2024, 02:21:34 PM »
I also have a sell target of $100K, because I see $100K as a reasonable target. Many people predict that it will happen at the end of this year or maybe early next year. That's why I keep holding my bitcoin until it reaches the target I have set. Currently I am adding to my bitcoin and altcoin assets, buying when the market is correcting like now when the bitcoin price drops to $63K.

I like how bullish everyone has become with Bitcoin but what if $100k become something that will be a fight for another bullrun or after the next halving. There has not been interest in buying or pushing Bitcoin price like the last bull run. By now, Bitcoin should be trading above $100k or even higher but it's still standing where it was 2 months ago and very soon below $60k

I know it is going to be painful to buy Bitcoin and sell half way journey while everyone are enjoying breaking new all time but had it been one has bought and sell at the level of $70k twice. The person would have made more money and be able to buy more Bitcoin when the price comes down.
bitcoin price is still far from $100k, currently it has dropped to $60K so I don't talk much about the $100K figure. we should wait and keep holding our bitcoin if we buy at a price above $60K, because we can't possibly cut loss. keep holding our bitcoin, if you still have funds, buy more bitcoin at a low price like now.

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Re: HODLing Altcoins
« Reply #301 on: August 04, 2024, 02:21:34 PM »

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Offline $crypto$

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Re: HODLing Altcoins
« Reply #302 on: August 04, 2024, 02:58:10 PM »
All decisions are in our hands whether we will continue to hold bitcoin until the price we want is reached or we will take profits now, of course all of this must be based on our analysis, not because it is influenced by someone who ultimately makes us make a decision.
Of course, everything depends on the holder. But it will be wise to take profits if the goal is reached. Being greedy will lead to possible problem, we don't know how far Bitcoin to increase. If we set a goal to sell at $100k, it is better to take profits at $100k. If we don't do it, we will regret it when the price drop significantly after reaching $100k. It will be worse if the price never increases above $100k.
Someone who has been in the bitcoin space for a long time should set a target and they will not miss the opportunity to take advantage when their target is reached. Unless they are beginners who are still enthusiastic, even though without realizing they are following greed.

There are also people who set 2 targets, for example until bitcoin reaches 100k and reaches 150k. When it reaches 100k they will sell some and hold the other part until their second target is reached.

Offline UNIVERSE

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Re: HODLing Altcoins
« Reply #303 on: August 04, 2024, 03:24:32 PM »
It makes sense, some people even predict that bitcoin will reach 150k, but the problem is when it will happen we can't say for sure, but what is clear is that I am also sure it will happen.

Actually this was my question before, where I asked if it was possible for bitcoin to reach a very high price. And now I have found the answer and to reach 100k is very possible, it's just that when exactly, we don't know.
As long as it is reasonable, it is no problem to make any prediction. I think $150k is still achievable although no one can guarantee it. But I think $100k is the safest prediction, Bitcoin is very obvious to have the chance crossing $100k. But we also can't too rely on the prediction, it is still possible that Bitcoin price to fail reaching $100k in the current bullrun season.

I think $150k isn't too high price, but sure we don't know if it can be reached in the current bullrun season or not. Yes, $100k is very likely to be reached, that's why many people prefer to set their target around $100k. Only few people who brave enough to set a target around $150k.


Offline bounceback

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Re: HODLing Altcoins
« Reply #304 on: August 04, 2024, 04:06:18 PM »
Someone who has been in the bitcoin space for a long time should set a target and they will not miss the opportunity to take advantage when their target is reached. Unless they are beginners who are still enthusiastic, even though without realizing they are following greed.

There are also people who set 2 targets, for example until bitcoin reaches 100k and reaches 150k. When it reaches 100k they will sell some and hold the other part until their second target is reached.
Indeed to high expectation for bitcoin raising up to $100 until $150k considering keep confidence its not problem but in my opinion have looking around how many bad news publishing every days before predicting with bitcoin raise up possibility. I don't sure yet in short term bitcoin will reach most higher price after facing bad news every day and FUD easily publishing top influence country until big whales.
If can hold for long term its not problem and bitcoin will reach based on their expectation but I believe this potential need more patience and waiting for longer time.

Offline doc

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Re: HODLing Altcoins
« Reply #305 on: August 05, 2024, 09:23:26 PM »
Someone who has been in the bitcoin space for a long time should set a target and they will not miss the opportunity to take advantage when their target is reached. Unless they are beginners who are still enthusiastic, even though without realizing they are following greed.

There are also people who set 2 targets, for example until bitcoin reaches 100k and reaches 150k. When it reaches 100k they will sell some and hold the other part until their second target is reached.
Indeed to high expectation for bitcoin raising up to $100 until $150k considering keep confidence its not problem but in my opinion have looking around how many bad news publishing every days before predicting with bitcoin raise up possibility. I don't sure yet in short term bitcoin will reach most higher price after facing bad news every day and FUD easily publishing top influence country until big whales.
If can hold for long term its not problem and bitcoin will reach based on their expectation but I believe this potential need more patience and waiting for longer time.
The price of Bitcoin is experiencing a sharp decline at this time, but still your Bitcoin and Altcin hold because we know the bullish season is still far likely to occur next year. If we target Bitcoin to reach ATH $ 100K, the possibility of that number can be achieved. I was late in selling my coins before a sharp decline, because of my focus in monitoring the market, I could only wait and use my free funds to buy some of the coins that I considered potential.

Offline $crypto$

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Re: HODLing Altcoins
« Reply #306 on: August 07, 2024, 05:15:03 PM »
Someone who has been in the bitcoin space for a long time should set a target and they will not miss the opportunity to take advantage when their target is reached. Unless they are beginners who are still enthusiastic, even though without realizing they are following greed.

There are also people who set 2 targets, for example until bitcoin reaches 100k and reaches 150k. When it reaches 100k they will sell some and hold the other part until their second target is reached.
Indeed to high expectation for bitcoin raising up to $100 until $150k considering keep confidence its not problem but in my opinion have looking around how many bad news publishing every days before predicting with bitcoin raise up possibility. I don't sure yet in short term bitcoin will reach most higher price after facing bad news every day and FUD easily publishing top influence country until big whales.
If can hold for long term its not problem and bitcoin will reach based on their expectation but I believe this potential need more patience and waiting for longer time.
Patience is something that is very much needed when holding bitcoin, because only with patience can we survive for a long time. We cannot hold bitcoin if we do not have patience.

Isn't what we feel the fruit of patience? Yes, someone might be able to analyze and have a prediction of where bitcoin will go. And that alone is not enough, because it cannot happen in a very short time, especially as you said there is some bad news that affects price movements.

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Re: HODLing Altcoins
« Reply #306 on: August 07, 2024, 05:15:03 PM »


Offline Rubel007

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Re: HODLing Altcoins
« Reply #307 on: August 07, 2024, 08:04:01 PM »
I also have a sell target of $100K, because I see $100K as a reasonable target. Many people predict that it will happen at the end of this year or maybe early next year. That's why I keep holding my bitcoin until it reaches the target I have set. Currently I am adding to my bitcoin and altcoin assets, buying when the market is correcting like now when the bitcoin price drops to $63K.

I like how bullish everyone has become with Bitcoin but what if $100k become something that will be a fight for another bullrun or after the next halving. There has not been interest in buying or pushing Bitcoin price like the last bull run. By now, Bitcoin should be trading above $100k or even higher but it's still standing where it was 2 months ago and very soon below $60k

I know it is going to be painful to buy Bitcoin and sell half way journey while everyone are enjoying breaking new all time but had it been one has bought and sell at the level of $70k twice. The person would have made more money and be able to buy more Bitcoin when the price comes down.
bitcoin price is still far from $100k, currently it has dropped to $60K so I don't talk much about the $100K figure. we should wait and keep holding our bitcoin if we buy at a price above $60K, because we can't possibly cut loss. keep holding our bitcoin, if you still have funds, buy more bitcoin at a low price like now.
Bitcoin price may not hit $100k soon. When we saw the Bitcoin bull market in 2021, we expected the price of Bitcoin to hit $100k at that time. Bitcoin did not move upwards but remained limited to a long bearish range. And when in 2024 again that $100k is waiting. Bitcoin will rise to $100k or higher but that time doesn't seem to happen now. Looking at the market condition, it seems that the market may again go to the bearish level and turn bullish again from the position. It is highly likely that we could see such a movement any time next year. So of course Bitcoin holding needs to be given utmost importance.

Offline Jamal Aezaz

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Re: HODLing Altcoins
« Reply #308 on: August 08, 2024, 08:28:40 PM »
bitcoin price is still far from $100k, currently it has dropped to $60K so I don't talk much about the $100K figure. we should wait and keep holding our bitcoin if we buy at a price above $60K, because we can't possibly cut loss. keep holding our bitcoin, if you still have funds, buy more bitcoin at a low price like now.

Bitcoin has been dropped so much that the current price is 55k$ so most of the people will have lost their hopes but in my opinion it is not a time to lose hope but it is a time to accumulate more Bitcoin if you can because every opportunity has both good and bad sides and we should not just pick up any one but should think about both of the conditions in positive directions and make preparation for it.

This is a suitable time for investment and those who already have bought Bitcoin should not stop to hold Bitcoin under such situations because good time must come so the price of Bitcoin will also surely rise but 100k$ is not yet guaranteed to happen in the current year.
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Offline alltalk

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Re: HODLing Altcoins
« Reply #309 on: August 08, 2024, 11:52:00 PM »
This is a suitable time for investment and those who already have bought Bitcoin should not stop to hold Bitcoin under such situations because good time must come so the price of Bitcoin will also surely rise but 100k$ is not yet guaranteed to happen in the current year.
There is always good time to invest in crypto whenever there is a huge dump. When Bitcoin dropped to $49k, it is a real chance to buy Bitcoin at a very cheap price. People who know the potential of Bitcoin in the future, they must buy many Bitcoin few days ago. Sure, it is better to keep holding most of our Bitcoin. But it is okay if people want to sell some of Bitcoin, they can buy again if there is another big dump. $100k is the goal of everyone, but surely there is no guarantee at all. Even in the next year, no one can guarantee if Bitcoin must reach $100k. However, I'm also a part of the people who believe in Bitcoin to cross $100k in the current cycle.

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Offline SamReomo

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Re: HODLing Altcoins
« Reply #310 on: August 08, 2024, 11:58:56 PM »
There is always good time to invest in crypto whenever there is a huge dump. When Bitcoin dropped to $49k, it is a real chance to buy Bitcoin at a very cheap price. People who know the potential of Bitcoin in the future, they must buy many Bitcoin few days ago.
I have bought some altcoins when market was dumped so badly and trust me I've already made 25% profit with most of the altcoins that I bought during the market dump. I believe market dumps are good times for investors to accumulate more of an altcoin or Bitcoin because after the dump market always recovers and with that recovery sometimes we can earn 25% to 50% profit within a week or in a month.
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Offline bayu7adi

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Re: HODLing Altcoins
« Reply #311 on: August 09, 2024, 03:59:25 AM »
  • How do you know an altcoin will be good for HODLing?
  • How many years if surety do you have in HODLing altcoins and which altcoins are you currently HODLing?
Actually we don't know for sure, but we know the potential of altcoin based on our own analysis.. it really differs from each other's opinions, so the results may not be in accordance with what we know... that's our limitation.. we can choose, but we can't control according to our thoughts.

Ethereum and Solana now look a little more convincing, some people should have a positive view of the future of these two altcoins.

Offline debra

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Re: HODLing Altcoins
« Reply #312 on: August 09, 2024, 09:36:54 AM »
Someone who has been in the bitcoin space for a long time should set a target and they will not miss the opportunity to take advantage when their target is reached. Unless they are beginners who are still enthusiastic, even though without realizing they are following greed.
Both experienced and new holders must have a target. But experienced holders will set a reasonable target, they won't set a too high target. I think $100k is very reasonable target, many people predict the price of Bitcoin will reach $100k. It is different with new holders, they may set too high target because they are too greedy. They think Bitcoin so easy to skyrocket, they don't know it must be based on some factors.

There are also people who set 2 targets, for example until bitcoin reaches 100k and reaches 150k. When it reaches 100k they will sell some and hold the other part until their second target is reached.
Yes, most people target to take profits at $100k and $150k. I think there is no problem to set a target at $150k. But it looks like a more difficult to achieve, I personally don't brave because I don't want to take a too high risk. I prefer to set a target at $100k, I think it is a bit safe as a target for taking profits.


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Re: HODLing Altcoins
« Reply #313 on: August 09, 2024, 12:31:46 PM »
    • How do you know an altcoin will be good for HODLing?
    By doing market analysis it can be understood whether holding altcoins would be good or not. But holding all altcoins will not be good because there are thousands of altcoins in the crypto market and it is very tough to find potential coins and invest in them and Hold. I am not an expert in market analysis so I am not ready to give any potential advice

    • How many years if surety do you have in HODLing altcoins and which altcoins are you currently HODLing?
    I have been in crypto for many years my crypto journey started in 2014 which is about 10 years now but I always only think about bitcoin so don't have much experience on altcoins. But holding ETH for 3 years and SOL for a little over 1 year. and i believe this two altcoin are enough for my holding

    Offline $crypto$

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    Re: HODLing Altcoins
    « Reply #314 on: August 09, 2024, 01:26:23 PM »
    There are also people who set 2 targets, for example until bitcoin reaches 100k and reaches 150k. When it reaches 100k they will sell some and hold the other part until their second target is reached.
    Yes, most people target to take profits at $100k and $150k. I think there is no problem to set a target at $150k. But it looks like a more difficult to achieve, I personally don't brave because I don't want to take a too high risk. I prefer to set a target at $100k, I think it is a bit safe as a target for taking profits.
    People who dare to set that target because they have also secured profits from the sale at 100k, or in other words the coins they hold for the next target are profits they have not taken.

    I also usually apply this to altcoins or when I want to enter the memecoin market. When the price goes up I will secure the capital and take a little profit and the rest I hold. This will not be a burden, because I consider it lost money.

     

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