Did you seriously just type all that? Have you been watching the market? “Timing the market?” We’re in a bull run basically, and the halving / ETF’s are coming. Buy good project, HODL 12-24 months. It’s not “timing the market” at all, it’s playing a normal bull run.
OP's words: > Who in this space will seriously sell their Bitcoin just 40 days before Ark’s etf deadline? > Might as well HODL through xmas and new year. Right? -> He is trying to time the market, which I discourage. My words: > The simple fact that you are thinking in these terms demonstrates that you are not there yet. My life savings is and always will be denominated in bitcoin. -> I do not try to time the market > I was talking about OP, who you quoted as "timing the market", for fucks sake. I do not understand what point you are trying to make. No need to start cussing at me.
Going to have to work it because you need more in. Split your holdings into two accounts. Account 1: Back up plan, HODL never trade, never sell, only buy. Give it to your kids or it buys you a house one day. Whichever happens first. Account 2: (you will probably not be able to outpace your hold account, but maybe) Try to earn more by adding risk. Trade on a cheap chain, farm some, try some crazy trades with a little amount to try and catch something. Catch a huge rally? Sell into account 1. Once it goes into account 1, it never comes out. Keep trying. In the long run, you will not have the regret of realizing that you should have just held the whole time. At least you find out now, reading this, that’s exactly what’s going to happen. So you might as well put that 50% to the side, and satisfy your gambling bug with the 50%.
HODL isn't overrated in crypto, and it goes beyond just BTC. It's particularly relevant for cryptocurrencies known for their utility, strong community support and long-term growth potential. Holding long-term makes sense for tokens/coins with real value and use cases. Typical examples in my wallet; are XMR, RAIL, LINK, XRP, UNI and a few others. You don't expect to do much with memecoins or NFTs as those are mostly P&D.
> Might as well HODL through xmas and new year. Right? And then what? Cash out? The simple fact that you are thinking in these terms demonstrates that you are not there yet. My life savings is and always will be denominated in bitcoin.
Thanks for the insight! The more I’m learning the more I think bitcoin price will explode with an ETF. Much more now than before. During a bull run especially at the beginning who the heck is going to sell? Black rock is going to have to buy bitcoin for the millions of dollars rolling in, but there will be none up for sale , certainly not enough for them to purchase to match the influx of money. Especially since the miners are selling everything and the halving will line up with the ETF so that now only 450BTC are made every day and very little of those will be available especially miners at that point will HODL more know it’s the beginning of a bull run
> Do you mine or stake? Mine Monero, stake everything I can. Preferably liquid staking but I have some ATOM and I don't liquid stake due to airdrops and rewards for manual stakers. > Do you DCA and just holding long term waiting for the big one? I wouldn't call it "waiting for the big one" but I do DCA and hodl long term > Are you skimming profits or HODL till death? I do both depending on the token. You can look by my name on this site and see a token that I did skim profits on. I can also tell you that I haven't sold any of my ETH or BTC. > Do you still look for shit coins that pump and then you pull your profits after 1 or 2 days? Fuck no. > Or do you have a good portfolio and you hold your investment and slim profits as they come and go? Yes. You seem to make everything like a hard choice. You do X or you do Y... but you can totally do X and Y at the same time. Your approach to token A doesn't have to be how you approach token B. The only person putting these limits on you is you. You can play this stuff however you want to. Example: You asked are we chasing shitcoins or do we have a good portfolio. Nothing stops you from chasing shitcoins while having a real bag. Just like how nothing stops you from buying lottery tickets but still having a 401k.
tldr; The Ethereum donations for Save the Children's HODL Hope Campaign have surpassed $7.6 million, with half of the amount donated in Ether (ETH). The campaign aims to collect $10 million by the end of 2023. Bitcoin (BTC) donations constituted 34% of the total cryptocurrencies, while USD Coin (USDC) represented 7% of the donations. The ease of cross-border movement of funds allows for greater participation in donation events for global causes. Additionally, the Singapore Red Cross has also started accepting crypto donations, including BTC, ETH, USDT, and USDC, to attract tech-savvy donors. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
HODL until death is stupid. You should always take profits. I've set profit taking key levels when we enter another run. My short term: House My long term: House At this point I just want enough to be able to have a cheaper loan...
If you need the money to pay off debt, by all means sell what you need to get rid of worry. But, although not written in stone, both should be up nicely in the next anticipated bull run so you might try to add more if you sell, otherwise just HODL. But as always, NFA.
On the sidebar under resources there is a link labeled **don't invest recklessly.** In that post it says "Getting wrapped up in "HODL" memes, reddit comments, and other groupthink, which is sometimes fun, but absolutely the last appropriate source of investment advice". If you already have 80% of your portfolio in BTC and are asking this sub if you should go all in then I would describe your investment decision making as having been wrapped up in HODL memes, reddit comments, and other groupthink. I think it's a terrible idea but I don't have your "unwavering conviction". If Bitcoin was guaranteed to only ever have explosive growth then putting 100% in Bitcoin would be a great idea. Bitcoin is NOT guaranteed to only ever have explosive growth but for the sake of you and your wife, hopefully your gamble ends up paying off.
HODL forever makes the most sense for established, deflationary crypto assets with strong staying power like BTC and ETH. But most other coins require more nuance and evaluation for when to sell vs hodl. Different horses for different courses based on fundamentals and investor profile.
HODL works in various scenarios: 1. the alts you HODL give you 2x, 5x, 10x, 20x, 50x, 100x returns, so instead of selling for short-term profits, you hold for long-term gains. 2. the staking/liquid staking returns are steady and profitable, so hold on instead of liquidating for one-time gain only when you can gain recurring rewards. 3. defi and other aspects of web3 find mainstream adoption and the price skyrockets but because you HODL, you don't have to buy at high rates, instead you can use your bag to utilize the alts for yourself as needed or may even loan out for interest profits. of course, for some alts HODL makes no sense, so you have to be prudent about what you HODL and what you let go as and when you feel the time is right.
This. Way too many fell victim to the HODL ethos of the last few years. People have mixed up investing concepts of blue chip stocks with bullshit microcap altcoins that generally end up slowrugging, while holders yelling out HODL trying to convince others to join on their madness. HODL things when there's legit and genuine convictions along with some level of intrinsic value, take profit on everything else. It's all a fucking Ponzi bruv - not just crypto but even a large portion of the stock market.
Not at all! Just make sure to not to panic sell. Most HODL "strategies" may take years. And in between that period one should accumulate more on dips. You should just make sure to sell if the value of your portfolio is worth a screenshot or if grandma starts talking about it.
There were a few birthdays in between 2019 and 2024. You passed up many opportunities to buy a full coin. You could have been buying smaller bits monthly and would have achieved a full coin by now. That said, those moments have passed. Why are you suddenly thinking about this 5 years later? Because of the ETF? Halving? The price of bitcoin is high now, but likely is a decent price c/w what it will be post ETF/halving. Even if the ETF does not happen, the halving alone should increase the prices. The price will always be too high or too low if you are fearful. Too low? Well yes, when it is lower when it is a good value, then talk yourself out of it thinking it is going to zero. Never invest what you can't afford to lose. Period. And you can't sell when it goes down. HODL. Normally I'd say take an amount of $ you can afford/mo and buy that amount automatically. But I do think the ETF wrinkle combined with halving wrinkle is a unique opportunity and if you can afford a bitcoin now, just do it.
You are hesitating because you don't understand bitcoin, you only understand it as an asset that goes up or down speculatively. If you think of bitcoin as future money, then you can value it as such. For example, if bitcoin replaces all m1 & m2 money then it will be worth $1 million (or more if the dollar goes into hyperinflation & collapse) per bitcoin in 2045. Bitcoin is a economical sociological & political direction & if you HODL it, then you DON'T CARE if it goes up or down. You only care about the end result: monetary freedom for all humanity. No more sneaky inflation tax. If you like inflation & dollar hedgmony then don't buy bitcoin because you will panic & sell at the bottom. If you see owning bitcoin as a political statement, then buy it & HODL it no matter how low it drops.
Twitter, YouTube, TikTok... Just kidding! No one in the government is talking about bitcoin. This guy is talking about bonds, which is an institutional investment. There's lots of info about bonds because everyone uses bonds, and the government enjoys the regulation and the money. It's a system that has been in place for a long time. Bitcoin is rogue. If you want to be a cowboy, buy a pistol and a pony. If you want to be a institutional investor, go read what JP Morgan, Vanguard, and Blackrock think you should do with your funds. I know the poster is well-meaning, and is trying to help, but finding a source of authority for bitcoin is impossible. We have no CEO, government, or plan. We're just bitcoin. The community IS the plan. Right now, our plan is to HODL. You can read that sentiment in the charts. Over 70% of bitcoin holders have not sold. For all other economic news I would watch CNN, MSNBC, Fox News, or whatever 24/7 news channel you can watch. They'll give you all the information an average person would need. If you seek mediocrity, the fount is infinite. If you seek bitcoin, you must go searching for your own answers.
I'm going to guess that you don't have any crypto yet so just buy some damn Bitcoin already. Here is the normal learning path so you can save yourself about 4 years. 1. Newbie sees Bitcoin and plans to buy some 2. Newbie realises other cryptos exist and they appear to have a drastically different market cap to Bitcoin but of course we imagine what if scenarios if said crypto could get near that same market cap we would all be very rich eh 3. Newbie ends up buying a bunch of random altcoins and no bitcoin 4. Newbie has some fun in the bull market a few out of his 20 alts moved up beyond his overall breakeven point he's now in the money 5. Newbie decides to HODL because its not moon money yet 6. Bear market comes 7. Altcoins drop 95%, newbie is depressed 8. Bitcoin moves back up into a new cycle post halving 9. Alts aren't moving back up, his alt bag is old news, newbie is angry at Bitcoin 10. Newbie should've just bought some damn Bitcoin Source: 2 coworkers that did this. Except one just never touched crypto again.
Just a serious warning here. Most of the people in r/bitcoin are going to always push positive “HODL” and hype the coin. I bought in during a bull run many years ago. The price was spiking by the minute. Got some at $13K, got some more at $16k, watched it go to $20K thinking I was a genius, then it proceeded to plummet down to $2k, at which point I was constantly heckled by friends and family for how stupid I was. Rather than cash out I just let it sit, and wait several years until another bull run. Since that time I’ve seen it go up as high as $60K but then it’s also dropped again back to $20K, now back up to $37k This is a gamble, it always will be, NOBODY on this sub knows what the price will be today, tomorrow, or next year, and neither do you. Don’t put everything you own into BTC.
I’ve been in crypto for past few years, can only recommend investing majority in BTC, some in ETH, plus a few other altcoins for upside price potential. HODL , transfer your coins into a non-custodial wallet. frequently. Write down your seed phrase and never give this out., never wallet-connect to dodgy crypto sites. It cost around £5.50-£6 in BTC gas fee to transfer BTC at the mo from Kraken. ETH gas fees can be quite high, so check the fee before sending out. I only hold ETH for price potential, the gas fees make it unviable to do much with it. Avoid defi, too many scams, hacks, rugpulls, volatile , coins etc. I’ve been down that rabbit hole 🙄. IMO most crypto coins don’t have much utility for us ordinary folk! Kraken is cheapest for fees IMO. Bank transfer is 0% fee then use Kraken Pro to trade BTC/GBP pairing. It is cheaper than buying from Coinbase and normal Kraken. Good luck 🤞
Sure honey, tell yourself a story you want to believe, I will happily sell it to you for 10x profit, go enjoy it in real world, while you watch your savings do miracles in the next bear. Thank you really because of you I make money . HODL to the grave my friend
BTCs original purpose was digital cash, it doesn't scale and hacking a shitty l2 onto it doesn't fix that. ​ Most people will never spend btc, not only is it inconvenient and expensive, but the HODL meme has taken over the majority of users. Bitcoin has been surpassed in usability numerous times. ​ You're talking worth, not usability, and that is fine for investors but not for the global economy.
This. I would recommend to split up your money if you really want to trade. One part is just BTC and whatever the hell you want to HODL and the only thing you'll do with this is to accumulate until you sell. The other part will be your trading budget in fiat. Why fiat? Because you will think in profits. Also if you really want to trade, start by trying it out with a small amount of money and pretend everything is times 10 or 100, because trading is really not for everybody. I tried it a couple of times and boy it was stressful. I am not made for this, at all. I will just accumulate and sit this out until I start to DCA out when ATHs are reached again.
The final bull run? I know there's some people saying that but, does the environment looks like it? To me, it doesn't. I mean even if the ETF is finally approved, I don't think the price would stabilize yet (although the new low may be higher that the current ATH). But no I don't try to catch "swings", you don't know shit about fuck, so better just HODL till you sell.
You can do either. About targets: Most people don't have a good understanding of technical analysis, so they should rely solely on market sentiment. When your neighbors, uber eats delivery guys, uber drivers start talking about how their coin is going to the moon and they're going to be rich, you know it's time to cash out. When Forbes and other prominent financial magazines start featuring crypto related stuff on their cover, you know it's time to cash out. When "market analysts" who have been skeptical about crypto forever capitulate and start calling for higher and higher prices, you know it's time to cash out. When you start to taking screenshots of your PnL time and time again, and you are seriously considering sending them to your HS bullies to show who's boss, you know it's time to cash out. Remember, during a bull run, dips are for buying, until they aren't. Timing the top is very difficult, but having a crude notion of when things are over is not that hard. You just need to set aside greed and bias. Easier said than done, but it's possible. About bitcoin becoming a much less volatile asset, I think that possibility is extremely small. Yes, Bitcoin is getting less and less volatile with time, which is to be expected due to its increasing market cap. But one thing about Bitcoin (and crypto in general) doesn't change: people see it as a speculative asset. I don't think -50% crashes will ever be a thing of the past, and the reason for that is that Bitcoin is not as liquid as people think. Lots of people won't ever sell their BTC (as stupid as that sounds), because they see it as a hedge against inflation in the long term, and they hope they'll be rich by the time they retire as long as they HODL. Which means that this asset is less liquid than other assets (you don't see people hodling their $TSLA stocks for years with such zeal, for example), so whales (who are usually always willing to buy and sell in order to make a profit) have more power, they can move the market more easily. So long as whales believe that BTC \*should\* crash hard during a bear market, and that it \*should\* pump hard during a bull run, they'll continue doing what they've been doing, which means that BTC will continue to be more volatile than tradfi. It's a self-reinforcing cycle, and I have no reason to believe it'll change in the next few years.
In my opinion you should allocate 90% to a long term HODL. You can take 10% and try to make short term money. With the 10% you don’t care if the price goes up after you sell. The point is to chop out consistent profit, not the most possible profit.
If you plan to HODL and believe in the long term value proposition value of Bitcoin then you shouldn’t ever hesitate to buy more. I’m not a big Michael Saylor fanboy, however, he compared buying bitcoin to buying real estate in New York and that whether you got in really cheap when the city was founded or bought in 5 years ago the real estate value only continues to rise. I personally buy bitcoin when it’s up and when it’s down without paying too much attention to the price because I believe it’s here to stay and has tremendous upside moving forward for a multitude of reasons. 68% of the circulating supply of bitcoin has been held untouched for over 1 year. When in doubt zoom out.
Continue to buy up until we hit the old ATH. Watch it go even higher. Continue to cheer as it continues even higher. Then, when the inevitable crash comes, shrug my shoulders, marvel at everything BTC has accomplished so far, and then wait 4 more years. HODL'ing the entire time. No sell, only buy more!