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Author Topic: Don't forget to HODL your BTC!  (Read 12459 times)

Offline Hamza2424

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Re: Don't forget to HODL your BTC!
« Reply #15 on: June 16, 2024, 09:34:06 PM »
Bitcoin price ranging of 60-70k is way more stable these past 3 months since March, if people bought from Jan-Feb i'll consider selling already whenever i think in 60k range. If bought in these past 3 months then i'd better holding, bitcoin price won't be the same until October. Why? It's always the same based on history calendar.

That's good, you are using the historical calendars in your analysis but in my view, while having a long-term plan, it doesn't matter also keep in mind this cycle is not the same as it used to be before.

Most people who usually invest in a longer time frame likely consider a frame between 8 months to 1.5 years, the same as the Bull rally's expected timeline, make sure to secure your profits.

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Re: Don't forget to HODL your BTC!
« Reply #15 on: June 16, 2024, 09:34:06 PM »

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Offline vegasus

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Re: Don't forget to HODL your BTC!
« Reply #16 on: June 16, 2024, 11:20:26 PM »
The key is patience and trust in Bitcoin so that Bitcoin will continue to find its place to reach and set a new ATH again in the future. Yes, it's true that the market has been in a bad condition lately. However, this should not lead to panic selling, especially excessive ones. Even though many whales are selling their BTC, that doesn't mean that the market will start to crash for a bearish season. I don't think it's time yet. So, okay, let it go and we just have to be more patient to meet the real bullish era either at the end of this year or the beginning of next year. The hope is that this will happen in both seasons. So, keep it up, keep holding and be more patient. .


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Re: Don't forget to HODL your BTC!
« Reply #16 on: June 16, 2024, 11:20:26 PM »

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Offline bhadz

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Re: Don't forget to HODL your BTC!
« Reply #17 on: June 16, 2024, 11:48:16 PM »
Maybe starting from 0.001 BTC as a retirement fund or an amount as inheritance in the future is going to be valuable. But as long as you keep on accumulating, please do it. Many of these threads are coming just for those that are forgetful to be reminded.
Everyone is doing their shares for you not to forget about holding. Sell at the last cycle but you can always buy back during the bear market but it should be lower than your sold price.

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Re: Don't forget to HODL your BTC!
« Reply #18 on: June 16, 2024, 11:52:29 PM »
That's good, you are using the historical calendars in your analysis but in my view, while having a long-term plan, it doesn't matter also keep in mind this cycle is not the same as it used to be before.
He analyzed the historical of Bitcoin price movement. It is good to analyze it in that way, we call this way is technical analysis. However, we can't rely on the technical analysis only, we must analyze the fundamental factors as well. We check the current news and how the development of Bitcoin adoption, too. These also can bring influence to the next price movement.

Most people who usually invest in a longer time frame likely consider a frame between 8 months to 1.5 years, the same as the Bull rally's expected timeline, make sure to secure your profits.
People mostly to hold Bitcoin for 3-4 years. If they bought their Bitcoin in the early of 2022, it means they will hold more than 3 years if they target to take profits in 2025. However, it is no problem if there are people who want to hold for 8 months or 1.5 years only. It will depend on the entry time and the target for the profits.

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Re: Don't forget to HODL your BTC!
« Reply #19 on: June 17, 2024, 12:13:56 AM »
The key is patience and trust in Bitcoin so that Bitcoin will continue to find its place to reach and set a new ATH again in the future. Yes, it's true that the market has been in a bad condition lately. However, this should not lead to panic selling, especially excessive ones. Even though many whales are selling their BTC, that doesn't mean that the market will start to crash for a bearish season. I don't think it's time yet. So, okay, let it go and we just have to be more patient to meet the real bullish era either at the end of this year or the beginning of next year. The hope is that this will happen in both seasons. So, keep it up, keep holding and be more patient. .
I think BTC is still in a very high price range and equal to the peak of the bullrun 2021. The correction from $74K to $57K is not really scary, it just helps the market re-accumulate before continuing to grow stronger. Experienced investors will zoom out to see the entire BTC price increase from $16K to $74K and they will not sell off BTC in fear.

The BTC Halving has taken place and now I have more expectations for the altseason. BTC may have completed the most important task of bringing the entire market out of the crypto winter and into a growth phase. I always have BTC in my portfolio but my expectation for BTC is only $150K-170K in this bullrun, which means the BTC price can only double or triple from the current price. But ALTS can create more surprises in the next few months thanks to the return of many major trends such as DeFi, GameFi, AI, RWA!
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Offline bayu7adi

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Re: Don't forget to HODL your BTC!
« Reply #20 on: June 17, 2024, 03:41:04 AM »
I appreciate OP's efforts...but.It's like you're giving a speech, but don't provide data or interesting facts about strong reasons why you should hold Bitcoin. It seems like everyone is holding Bitcoin without you even telling them to, besides, the majority of cryptocurrency users are currently keeping their eyes peeled to stay focused on making several decisions that may be related to the bullish moment they are waiting for... why are so many people currently hodling? ?? yes, because it is in accordance with the historical data of the Bitcoin halving...

Just google the keywords "BTC price related to the halving cycle"... there will be many explanations from many sources regarding this year's predictions... and if someone still sticks to their position and analysis... that's their right to make a decision. .


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Re: Don't forget to HODL your BTC!
« Reply #21 on: June 17, 2024, 11:47:08 AM »


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Re: Don't forget to HODL your BTC!
« Reply #22 on: June 17, 2024, 02:04:37 PM »
Title.

Whales are going to start selling like last cycle. (If they haven't already.  ::))

Don't fall for the trap. Don't sell unless you absolutely have to!

Bitcoin is freedom. Do not sell your freedom. HODL it until fiat becomes less popular than bitcoin. Give it to your grandkids if you have to. Do not sell your freedom.

Selling Bitcoin is a choice that most traders would want to utilise especially if whales begin to sell part of their possessions so that they could also buy when the price dips, before the bull run. The current price chart of Bitcoin is bouncing back from the resistance zone which is also the ATH but if it successfully crosses the resistance zone there would be a bull run, so holding still would be the best option for any investors except you are skilled enough and ready to dedicate more time in watching the charts, then you can sell when the whales start selling and when the price gets dip a little, then buy again to continue the holding process.
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Re: Don't forget to HODL your BTC!
« Reply #23 on: June 17, 2024, 05:38:23 PM »
Title.
Whales are going to start selling like last cycle. (If they haven't already.  ::))


Whales always sell, the difference is only in the quantities they put on the market, and if you have a lot of BTC and cash, then you can make a lot of money even if the price changes only a few percent.

Don't fall for the trap. Don't sell unless you absolutely have to!
Bitcoin is freedom. Do not sell your freedom. HODL it until fiat becomes less popular than bitcoin. Give it to your grandkids if you have to. Do not sell your freedom.


I think you have a somewhat romantic relationship with BTC, because after all, this is about something that is defined as a cryptocurrency. It is true that owning BTC you have a certain freedom when it comes to transactions and that you have the possibility to use it as a hedge against inflation, but keeping something forever until it becomes more popular than fiat currencies is a bit in the realm of science fiction.

Sometimes you should spend some BTC, only then you will feel the feeling of freedom ;)
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Offline 0t3p0t

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Re: Don't forget to HODL your BTC!
« Reply #24 on: June 17, 2024, 06:17:56 PM »
Title.

Whales are going to start selling like last cycle. (If they haven't already.  ::))

Don't fall for the trap. Don't sell unless you absolutely have to!

Bitcoin is freedom. Do not sell your freedom. HODL it until fiat becomes less popular than bitcoin. Give it to your grandkids if you have to. Do not sell your freedom.
Well yeah hodling is the best way to make decent profit but for some people like me I can't. You know why? It is because I need to withdraw every now and then because I don't have that much money and I don't have a stable job just like any other people do especially people in the lower class. Just like yesterday when I saw my mothers old phone just broke and she's still trying to open it won't that is why I had to withdraw my Bitcoin because I had to surprise her with a new one. I know how important investment is for me but for me family is my priority I want to make them happy and that is what is valuable to me.

Anyways, there are I think a lot of ways to earn Bitcoin here on the forum or other platforms so maybe yeah wish me luck to catch up with my Bitcoin investment if I have extra money maybe I had to buy through DCA as always. I am actually have goal to achieve like getting atleast 1 Bitcoin but frequent withdrawal make it hard for me to consistently  hodl but it's all okay since I did it all for my family.

Offline JoyMarsha

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Re: Don't forget to HODL your BTC!
« Reply #25 on: June 17, 2024, 10:53:18 PM »
Title.

Whales are going to start selling like last cycle. (If they haven't already.  ::))

Don't fall for the trap. Don't sell unless you absolutely have to!

Bitcoin is freedom. Do not sell your freedom. HODL it until fiat becomes less popular than bitcoin. Give it to your grandkids if you have to. Do not sell your freedom.
Hodl and patience have been the keys to financial freedom in crypto, but that should be done with calculations and wisdom since almost everyone is yielding for profits not losses from their bitcoin investment. However, the crypto market is made up of 4-year circles, comprising the bull run and bearish market. There is nothing bad about buying bitcoin in the bearish market and selling in the bull run. Someone applying such a strategy doesn't make them sell their freedom(which is Bitcoin) rather they are making use of the financial freedom that bitcoin offers in the long run(buy at low price and sell at high price) because no one would hodl their bitcoin forever. It is the demand and supply that makes bitcoin volatile

Offline LogitechMouse

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Re: Don't forget to HODL your BTC!
« Reply #26 on: June 18, 2024, 03:37:45 AM »
Title.

Whales are going to start selling like last cycle. (If they haven't already.  ::))

Don't fall for the trap. Don't sell unless you absolutely have to!

Bitcoin is freedom. Do not sell your freedom. HODL it until fiat becomes less popular than bitcoin. Give it to your grandkids if you have to. Do not sell your freedom.
This is how I think a few years ago. Buy Bitcoin, and hold it for a very long time.
Well, that changed in 2021 when I made a huge decision that caused me thousands of dollars in profit. To cut the story short, I have an opportunity to sell all of my assets in 2021 during the bull run, but I decided to hold it even more. I regret that decision because I can just sell it at that time then re-buy again during the bear market.

As an investor, our main priority is to make profits and HOLDING your assets will not give you profits. You will only make profits if you sell your assets including Bitcoin. Why hold it for a very long time if you can just sell it to make profits then buy it again during the bear market? TBH, I hate the strategy of HOLDING for a very long time, and I mean more than 5 years of holding. Holding a small portion is still good, but holding it all? I don't think that it will work for me TBH.

Online pieppiep

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Re: Don't forget to HODL your BTC!
« Reply #27 on: June 18, 2024, 06:27:22 AM »
Title.

Whales are going to start selling like last cycle. (If they haven't already.  ::))

Don't fall for the trap. Don't sell unless you absolutely have to!

Bitcoin is freedom. Do not sell your freedom. HODL it until fiat becomes less popular than bitcoin. Give it to your grandkids if you have to. Do not sell your freedom.
Hodl and patience have been the keys to financial freedom in crypto, but that should be done with calculations and wisdom since almost everyone is yielding for profits not losses from their bitcoin investment. However, the crypto market is made up of 4-year circles, comprising the bull run and bearish market. There is nothing bad about buying bitcoin in the bearish market and selling in the bull run. Someone applying such a strategy doesn't make them sell their freedom(which is Bitcoin) rather they are making use of the financial freedom that bitcoin offers in the long run(buy at low price and sell at high price) because no one would hodl their bitcoin forever. It is the demand and supply that makes bitcoin volatile
Not all patience can produce maximum results, we can see shitcoins being created just to trap new traders who have no experience with shitcoins. Hodl can only be used for Bitcoin, while for other coins I do not recommend holding because there is no guarantee that the price will rise again. If you have implemented it only in Bitcoin then what you have done is correct.

Offline sampoerna

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Re: Don't forget to HODL your BTC!
« Reply #28 on: June 18, 2024, 08:48:36 AM »
Selling Bitcoin is a choice that most traders would want to utilise especially if whales begin to sell part of their possessions so that they could also buy when the price dips, before the bull run.
It depends on their target. Those traders who sell when the whales are selling, their targets have been reached. But those traders who still keep their Bitcoin, they have a higher target. There is no problem if there are traders or investors who want to sell their Bitcoin if their targets have been reached. It is reasonable to take profits when the targeted price has achieved. I also will sell my Bitcoin when the price hits $100k.

The current price chart of Bitcoin is bouncing back from the resistance zone which is also the ATH but if it successfully crosses the resistance zone there would be a bull run,
If you checked the current price, it dropped quite a lot from the price at the first week of this month. In June 5 - June 7, Bitcoin was above $71k but now it is only around $65k - $66k. There is no sign of another rally yet, the price looks in the correction or in the sideway phase. I suspect we may see the price still below $70k until the end of this month.

so holding still would be the best option for any investors except you are skilled enough and ready to dedicate more time in watching the charts, then you can sell when the whales start selling and when the price gets dip a little, then buy again to continue the holding process.
Investors probably hold until the next rally, but traders may take profits whenever there is another jump of price. I think it is just about the basic skills and knowledge, we must keep holding until we reached our goals. We still have a long bullish season, we are not in hurry to take profits very soon.



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Offline dekafee79

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Re: Don't forget to HODL your BTC!
« Reply #29 on: June 18, 2024, 11:46:51 AM »
Title.

Whales are going to start selling like last cycle. (If they haven't already.  ::))

Don't fall for the trap. Don't sell unless you absolutely have to!

Bitcoin is freedom. Do not sell your freedom. HODL it until fiat becomes less popular than bitcoin. Give it to your grandkids if you have to. Do not sell your freedom.
Hodl and patience have been the keys to financial freedom in crypto, but that should be done with calculations and wisdom since almost everyone is yielding for profits not losses from their bitcoin investment. However, the crypto market is made up of 4-year circles, comprising the bull run and bearish market. There is nothing bad about buying bitcoin in the bearish market and selling in the bull run. Someone applying such a strategy doesn't make them sell their freedom(which is Bitcoin) rather they are making use of the financial freedom that bitcoin offers in the long run(buy at low price and sell at high price) because no one would hodl their bitcoin forever. It is the demand and supply that makes bitcoin volatile
Not all patience can produce maximum results, we can see shitcoins being created just to trap new traders who have no experience with shitcoins. Hodl can only be used for Bitcoin, while for other coins I do not recommend holding because there is no guarantee that the price will rise again. If you have implemented it only in Bitcoin then what you have done is correct.
I agree with you if you say that the safest coin to hold is bitcoin, but I don't agree if you hold it only for bitcoin, during the bearish season we can also buy ethereum, BNB and Solana to hold for another 2-3 years, as some comments [ a member here. and shitcoin is not a coin to be held, if we make a mistake when entering, it means a loss will be before our eyes.

 

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