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Author Topic: I am a newbie so I want to know what season I can hold bitcoin.  (Read 14701 times)

Offline SmartGold01

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Re: I am a newbie so I want to know what season I can hold bitcoin.
« Reply #90 on: June 02, 2024, 07:05:03 PM »

The DCA strategy is very good because it is usually bought like this if the price is very High , but you have to consider something, if a possible war between Iran and Israel is formed right now, things can change a lot for the market whenever there is a fundamental like this Well, things with bitcoin can lead to a lot of panic among investors, and that can cause the price to go down, which is not so bad because you can buy much more bitcoin and Cheaper, then in this order of ideas things can Manifest that it is a good option to buy, I assume that if the price is below the last ATH it is time to buy, and to buy well.
I agree, if you buy BTC now is the right time because BTC is already below the new ATH, and the war factor will also have a bad impact on BTC like during the Russian war yesterday, but over time BTC can rise again, so there's no need to doubt it. invest in btc when the market is red like now, don't wait for btc to go below 60k$ because it's not certain that it will reach below 60k$ again

Yes, it is true, these types of things are always fundamental to know, be all war in these cases because they are speculative markets, they are always at the forefront to know if there are new fundamentals and how the market can react, but it is a fact that Until now I see The war thing has calmed down somewhat, which is a good thing. It is also well known that when these types of things exist, we see that new business models are generated when there is an active war. What happens is that these business models are between countries and only they win, what can be given well is that if the loser wins then the main thing is to buy bitcoin cheaper, it is the most Profitable thing that can be given , with respect to the investors, they have nothing left but to wait .
I don't think if the war between russian and ukraine truly has a major role to play in bitcoin price neither will Iraq and Iran war has any major effect on bitcoin price why because the war was already there but bitcoin gained new ATH. The major country I think that can affect bitcoin price negativity is USA or any other countries that has a major holder from their country. Price of bitcoin can only go down a bit but can't believe 15 percent for a country being affected by way, there are people trading bitcoin especially the institution traders can never allowed bitcoin to crashed that much except for these two seasons we have which we calls it bull and bear season only thing effects the market.

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Re: I am a newbie so I want to know what season I can hold bitcoin.
« Reply #90 on: June 02, 2024, 07:05:03 PM »

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Offline UNIVERSE

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Re: I am a newbie so I want to know what season I can hold bitcoin.
« Reply #91 on: June 02, 2024, 10:20:46 PM »
The problem with buying Bitcoin right now is it's high transaction fee so I don't think DCA on smaller amount works on this or do you guys have any idea to lessen the fee or we just wait for it to go down?
Don't too often sending the Bitcoin. And send the Bitcoin when the transaction fee is decreasing.
I think it is no problem to keep the Bitcoin on the exchange wallet temporarily if it is just small number of Bitcoin. Just collect more Bitcoin on the exchange, send the Bitcoin to non-custodial wallet when the number of Bitcoin is quite large. But we must ensure to choose reputable exchange to buy and keep our Bitcoin there. Binance is one of the most recommended exchanges.

You will invest on bitcoin because you want profit. and everyone invest for same reason.
Of course, there is no investor who spends their money on Bitcoin because they want to waste their money only. Every investor wants to get the profits as many as possible. However, it depends on the strategy used by the investors. If the strategy is effective, they can earn the profits optimally.


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Re: I am a newbie so I want to know what season I can hold bitcoin.
« Reply #91 on: June 02, 2024, 10:20:46 PM »

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Offline bayu7adi

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Re: I am a newbie so I want to know what season I can hold bitcoin.
« Reply #92 on: June 04, 2024, 05:47:21 AM »
The price of bitcoin increases all the time so I am interested in holding on to it. Is there a limit to this bitcoin season?

Basically I want to know about investing strategy.
It doesn't seem like it (if you only hold for the future in more than 10 years) because I see the price of Bitcoin always goes up every year. However, if you just want to enjoy the bullish moment, then you can set the limit. Yes, it certainly won't be at the peak price, because I'm sure, only a few people know the peak price of Bitcoin at the next bullish moment, so don't blame yourself when you fail to sell at the peak price, at least you can sell with a profit that's already good.

Remember, the ATH price will only be known when a bearish moment comes after it. So, no one knows for sure how long is the right time to hold Bitcoin.

Offline Agbe

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Re: I am a newbie so I want to know what season I can hold bitcoin.
« Reply #93 on: June 04, 2024, 08:25:44 PM »
Things has changed and we don't know when the dip will come again though it will come but not at anytime soon and probably from midwest of next year. If not the best time to invest is the dip and hodle and since the price is not going down for now and if you are interested to invest so you can partake in the upcoming ATH then you can use DCA for weekly investment.

Online JoyMarsha

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Re: I am a newbie so I want to know what season I can hold bitcoin.
« Reply #94 on: June 04, 2024, 10:37:24 PM »
OP, you can hodl bitcoin at any season you want, be it bull run or bearish season. The most important thing to consider is to invest with your spare money and hodl bitcoin for long term. But it is advised to invest in bitcoin in bearish and sell at bull run market.

Offline Jomisa

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Re: I am a newbie so I want to know what season I can hold bitcoin.
« Reply #95 on: June 05, 2024, 08:09:47 AM »
OP, you can hodl bitcoin at any season you want, be it bull run or bearish season. The most important thing to consider is to invest with your spare money and hodl bitcoin for long term. But it is advised to invest in bitcoin in bearish and sell at bull run market.

He should also know Bitcoin is not a get rich quick scheme. Knowing this helped me a lot in the early days..

Offline LogitechMouse

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Re: I am a newbie so I want to know what season I can hold bitcoin.
« Reply #96 on: June 05, 2024, 08:39:30 AM »
You can hodl bitcoin at any time, whether at the bearish or bull run market. What matters most at the mentioned season is, are your seed phrase is kept in a safe place, whether are you applying a DCA strategy, investing with spare money, have a long-term investment plan, and have your crypto assets stored on exchanges rather than on the crypto wallet you have the seed phrase to.

If you can do all these mentioned, I believe you will not be bothered by when exactly suits an investor to hodl bitcoin because they can hodl it at any time they feel like
We have our own opinions, and I completely respect your opinion since that's what is working for you. However, it's a completely different strategy for me.
When's the best time to hold Bitcoin? Anytime, except during the bull market season.

At anytime, you can buy and hold Bitcoin, but during the bull run season, that's the time to reap the profits that you can get from your investments. I did it once during the 2021 bull market and I completely regret my decision. I held all of my assets at that time. I didn't sold any, and now I feel disappointed because I can just sell all of my assets at that time and then re-buy it during the bear market.

All of what you said was true though, but I don't like the strategy where even we are in the bull run, we will still hold our Bitcoin. This is the reason why we invested at first place. To get some profits isn't it?

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Re: I am a newbie so I want to know what season I can hold bitcoin.
« Reply #96 on: June 05, 2024, 08:39:30 AM »


Online bitterguy28

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Re: I am a newbie so I want to know what season I can hold bitcoin.
« Reply #97 on: June 05, 2024, 09:46:30 AM »
OP, you can hodl bitcoin at any season you want, be it bull run or bearish season. The most important thing to consider is to invest with your spare money and hodl bitcoin for long term. But it is advised to invest in bitcoin in bearish and sell at bull run market.
correct , we can hold no matter what as long as this is bitcoin  because this is the safest of them all .,  and  asking what season to hodl? start it today if you wanted to not late in the bullmarket  near end of this year.
OP, you can hodl bitcoin at any season you want, be it bull run or bearish season. The most important thing to consider is to invest with your spare money and hodl bitcoin for long term. But it is advised to invest in bitcoin in bearish and sell at bull run market.

He should also know Bitcoin is not a get rich quick scheme. Knowing this helped me a lot in the early days..
lol, get rich quick scheme ? there is no such way , what did bitcoin help you for?


Offline bayu7adi

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Re: I am a newbie so I want to know what season I can hold bitcoin.
« Reply #98 on: June 05, 2024, 09:54:10 AM »
Can't we say that now is the right time to keep hodling?? Many people may just rely on the patterns created after the halving, but that is not bad either. FYI, many people suspect that in the next few days or weeks there will be a bull run in cryptocurrencies, both BTC and ALT... so make sure you have filled your bag with several cryptocurrency assets to be able to enjoy this bullish moment if it is real... this is complete nonsense. or not, it's better if we just wait for proof.

Online JoyMarsha

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Re: I am a newbie so I want to know what season I can hold bitcoin.
« Reply #99 on: June 06, 2024, 11:46:52 PM »
You can hodl bitcoin at any time, whether at the bearish or bull run market. What matters most at the mentioned season is, are your seed phrase is kept in a safe place, whether are you applying a DCA strategy, investing with spare money, have a long-term investment plan, and have your crypto assets stored on exchanges rather than on the crypto wallet you have the seed phrase to.

If you can do all these mentioned, I believe you will not be bothered by when exactly suits an investor to hodl bitcoin because they can hodl it at any time they feel like
We have our own opinions, and I completely respect your opinion since that's what is working for you. However, it's a completely different strategy for me.
When's the best time to hold Bitcoin? Anytime, except during the bull market season.

At anytime, you can buy and hold Bitcoin, but during the bull run season, that's the time to reap the profits that you can get from your investments. I did it once during the 2021 bull market and I completely regret my decision. I held all of my assets at that time. I didn't sold any, and now I feel disappointed because I can just sell all of my assets at that time and then re-buy it during the bear market.

All of what you said was true though, but I don't like the strategy where even we are in the bull run, we will still hold our Bitcoin. This is the reason why we invested at first place. To get some profits isn't it?
I agree with your fact that the bull run is the best time for one to reap off their bitcoin profits rather than hodling it all through the bull market which saw the crypto market to the bearish market after experiencing a bull run that had bitcoin soar to a high price. This makes it the perfect plan to sell bitcoin at a bull run and reinvest in a bear market when bitcoin has declined in price.

However, I believe that some people haven't sold their bitcoin for once ever since they started to accumulate bitcoin. They have their Bitcoin store in their portfolio, year after year, bull run after bull run without selling their bitcoin

Offline SmartGold01

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Re: I am a newbie so I want to know what season I can hold bitcoin.
« Reply #100 on: June 07, 2024, 01:03:05 AM »
I agree with your fact that the bull run is the best time for one to reap off their bitcoin profits rather than hodling it all through the bull market which saw the crypto market to the bearish market after experiencing a bull run that had bitcoin soar to a high price. This makes it the perfect plan to sell bitcoin at a bull run and reinvest in a bear market when bitcoin has declined in price.

However, I believe that some people haven't sold their bitcoin for once ever since they started to accumulate bitcoin. They have their Bitcoin store in their portfolio, year after year, bull run after bull run without selling their bitcoin
Those who never chose to sell their bitcoin are people who knows the important of bitcoin and they knows how the market are being controlled and maneuvered, they believed that bitcoin is a long term investment and doesn't need to waste every bit of it because in time to come those bit they are wasting could worth something unexpected tomorrow or in time to come.

Offline armanda90

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Re: I am a newbie so I want to know what season I can hold bitcoin.
« Reply #101 on: June 07, 2024, 07:02:25 AM »
Those who never chose to sell their bitcoin are people who knows the important of bitcoin and they knows how the market are being controlled and maneuvered, they believed that bitcoin is a long term investment and doesn't need to waste every bit of it because in time to come those bit they are wasting could worth something unexpected tomorrow or in time to come.
No doubt with profitable earn from bitcoin as long term investment but many people got get lucky for holding as loong possibility because they have many urgency for selling their bitcoin assets early.
I don't think most of bitcoin holder scare when bitcoin dropping but must priority for urgent needed and less option except to sell bitcoin assets.
Bitcoin investment never waste your time any more until how long keep holding bitcoin, but some time have more priority to buy make us not get any way have to sell our bitcoin assets.

Offline pawel7777

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Re: I am a newbie so I want to know what season I can hold bitcoin.
« Reply #102 on: June 07, 2024, 04:58:07 PM »
The price of bitcoin increases all the time so I am interested in holding on to it. Is there a limit to this bitcoin season?

Basically I want to know about investing strategy.

The best time to invest was BEFORE the price started to increase, not after the new ATH was reached. But it's still possible to make a decent profit in this market cycle, assuming it would play out in similar fashion to the previous 4-year cycles.
But nobody knows how high could it go and anything is possible. But there are a lot of factors that could, at least in theory, have a positive effect on the price, e.g. reduced block rewards (meaning less bitcoin being sold) and large demand for recently approved spot ETFs.

Offline MUGNIA

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Re: I am a newbie so I want to know what season I can hold bitcoin.
« Reply #103 on: June 07, 2024, 05:41:17 PM »
Can't we say that now is the right time to keep hodling?? Many people may just rely on the patterns created after the halving, but that is not bad either. FYI, many people suspect that in the next few days or weeks there will be a bull run in cryptocurrencies, both BTC and ALT... so make sure you have filled your bag with several cryptocurrency assets to be able to enjoy this bullish moment if it is real... this is complete nonsense. or not, it's better if we just wait for proof.

maybe the word survive is the most appropriate at this time because the price of BTC continues to rise,
but it doesn't rule out the possibility of not increasing our load if we have more money, but if we top up our load now it is very risky if BTC experiences a decline again and it takes a long time (2-4 months before the bullrun) the decline situation for old players may be normal, but if for beginners, they will definitely panic and sell at a cheaper price than they bought, always DYOR

Offline Samlucky O

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Re: I am a newbie so I want to know what season I can hold bitcoin.
« Reply #104 on: June 07, 2024, 06:37:47 PM »
The price of bitcoin increases all the time so I am interested in holding on to it. Is there a limit to this bitcoin season?

Basically I want to know about investing strategy.
Bitcoin growth is endless and has no specific season or limits, all you need do is to keep on accumulating as much as you can because as time goes on so do bitcoin increase in price and you may never buy it as cheap as it was when you had the opportunity before. Just like someone would have bought an item for $1 In 2005 and seing that same item for $100k for 1, how will you feel?

In the aspect of investment strategy I think you either invest using dollar cost average (DCA) or lump sum or dip and HODL approach.

 

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