BTC Hits New All-Time High: Advice for Newbies

Hey everyone, BTC just reached a new all-time high. I wanted to share my thoughts from a newbie's angle and see what the more experienced members think. This is huge news for early holders and investors. But what about those of us who are just starting out? In situations like this, many newbies get hit by FOMO and end up losing a bunch of cash. They see the ATH and think there’s going to be a pullback, so they short it. But then it just keeps climbing. I’m curious about how to deal with this kind of market. What do seasoned hodlers usually do? Do they sell, hold, or buy even more? How do we newbies avoid falling into the FOMO trap in these situations? I’d really appreciate any tips you can share.

By wanting to be an HODLer is enough for them to learn and understand what HODLing stands for. You mentioned it yourself (HODLers), so they should do the HODLers thing, of course. HODLers are not just investors of Bitcoin, they are diehard investors that will keep their Bitcoin in thick and thin, so with that understanding, I expect the newbie HODLers to do the same thing, unless they are a different type of Bitcoin investors other than being HODLers.

There's nothing best to do but to continue to buy and HODL, specially that we are not yet in the peak of the bull run. I mean we are expecting like in the last 2 quarters that the prices goes to around $180k. So if you believed that the price will go and hit that, then as a newbie, then just go buy and HODL for the last remaining months. Doesn't make sense to sell at all. I know sometimes it feels like to take profit, but I will suggest not to until the last months of the year as usually in the bull run, that's where we gonna see that all time high.

FOMO will help you where the market continues to rise. But, I suggest to go calm and composed. Go DCA even around ATH. DCA at regular interval will help newbies to be rich but need patience at least for more than 4 years. MORE IMPORTANTLY, you need to be a long term holder to enjoy the maximum benefits of bitcoin market. By considering bitcoin is capable of valuing 1 M to 10M USD, you are still in early stage of adaption. No need to short anywhere. If you target for short term profits, you may miss out. Better hodl for years to decades to life long. This is how you can extract the maximum benefits and your inherits also will get. Hodlers never react. They may sell bitcoin only for life's extreme needs.

The newbies could become "prey of FOMO" only if they panic and sell when the price crashes. Just don't panic and you will be fine. There might be price corrections here and there and there's nothing wrong with a price correction, this could be great opportunity for accumulating more BTC. The mid term and long term predictions about the BTC price are bullish. Some experts say that the Bitcoin price might hit 135K in September and 150K USD by the end of 2025. Nothing is guaranteed and there might be a price crash, but the overall situation on the crypto markets is good.

Know some people lose money not because of FOMO, but because of trading. I think it's easy to find news about Bitcoin and how to manage it these days. Even if you're a beginner, you should already know the basics. Basically that Bitcoin will be profitable if you hold it for the long term, say five years or more. During this period, you start buying regularly without paying too much attention to the price, it's that simple.

Yeah, many people that lose money in Bitcoin because of FOMO are basic traders and not hodlers, and that’s the reason why they fall victim to FOMO. As a newbie, before even starting your Bitcoin investment, you should know the path you are going to take, either being a hodler or a trader, and by so doing, you will be able to know your purpose and mindset. If you are a trader, you will basically buy at Bitcoin’s lowest prices and sell when Bitcoin is at its ATH. Knowing your purpose matters as a newbie, even before starting the investment.

It's true that some people are patient, while others aren't, but both are actually market-moving indicators. Bitcoin has now reached a new all time high ($119,376K), and those who adopted it at a lower price are always in luck, and they don't even have to wait long.

FOMO with their trading, they want to get quick profits, especially when using high leverage, so here you will lose a lot of money when you take a trading position but the price movement reverses direction from what you have set in the trade. For newbies, it's better to HODL. If you FOMO when the price is rising, that's not a problem, right? As long as you don't sell, you won't lose money. The price may have reached an all-time high (ATH) now, but who knows—it could reach $150K or $200K by the end of the year, right? Buying out of FOMO to hold isn’t a problem; just keep buying.

Excellent question, Shawheer! Yeah FOMO trap could easily prey on newbies, They waited for a good entry point when the market dips, and finally come out by opting at ATH, fearing they could miss the next cycle... lol You know pro hodler always avoid such hype, their vision is only for long term, you know hodling a decent amount altast 1 cycle or 5+ years is enough to make your future, its a solid strategy I will say. So be like a calm hodler don't fall into buying/selling on emotion, buy the dips and hodl at least one cycle.

Newbies can only do one thing… Swag out! https://youtu.be/_lmLNlccOYA?si=2KvM6cDhtIF7KGYW Lofe!

If you've held for so long and you're not that much greedy at all, sell. It's okay to sell at these moments but don't sell all that you have. If you have no plans of reaccumulating the sold BTCs that you have then still keep some and leave some for you. You'll never know how high it will be for the next years to come. You can take this as an example that the crypto wallet growth is continually rising. This means that there will be more users = more investors/holders. So, if you have plans for your future, you should buy and keep the most while you can. It may not reflect for this bull run but look after 4 years again.

Just because Bitcoin has made a new ATH doesn't mean that its price won't increase. Those who are suffering from FOMO should calm down and hold on to your holdings. You can get much better than that if your time frame expires. Because the potential for profit from Bitcoin is much higher in long-term investments. A real investor will never sell all their holdings, they will always hold them for the long term. If their time frame expires, they will sell some of their holdings and enjoy it.

What they must learn is the stage of holding Bitcoin even when corrections occur. This is highly recommended, especially for beginners. Don't be rash in making the decision to sell, because a correction is the wrong choice. They should buy and hold. Wise investors will hold in any situation until their true target is reached.  Now, learn to be one of them, investing by buying, holding, and selling when profits are realized. This stage is crucial for both small and large investors. I don't think beginners should worry about this change, because Bitcoin fluctuates continuously, so take the opportunity to buy before the next ATH occurs.

Hodlers don't sell neither do they panic, they only buy and hodli, because the have the insight of the height that bitcoin can attain in future. This is why new investors should have a long term investment mindset of investing for the future and not because bitcoin price is pumping. Don't FOMO, because FOMO leads to wrong decision making which will lead to regret in future. New investors are the ones that should be stacking up their bags because they are not early to the game, and need build their confidence by studying the price history of bitcoin since creation till date.

Let me just tell you mate, the decentralized market does not reserve a special privilege for the whalers neither old time investors or hodlers, everyone including newbies are liberty to decide their holdings without being questionable. Hodlers has already built nurtured their emotions not to be Fomo rather they keep buying more of bitcoins following their investment plans. All of those old folks started as newbies so you as a newbie can also set your own tips if you want to reach that peak of the hodlers. But you must understand that every investors with their own intake so, you must not do more than yourself so that you don't regret your action of imitating others but it ends well if we control our emotions and situates our investment plans for a long term. So doing you as a newly would grow and somewhere in the nearest future you will also be addressed as a hodlers regarding the transaction activities of your investment wallet.

Making any kind of move during small fluctuations of the market is in direct contradiction with being a holder. A holder is a long term investor not a day trader. Which means the holder should try to invest their money into bitcoin at the best possible time but not look too much for a big dip. Selling on rises, shorting on corrections, buying back, rinse and repeating is what day traders should do. They try to read the market and try to make a move based on the direction the price is going so that they can maximize their profit. This is obviously a difficult strategy. So choose which one you want to be based on that.

If you want to become a Bitcoin holder just because you see the price, for me I don't know what to answer for beginners who choose to become Bitcoin holders because Bitcoin is not just about price. But anyway, when deciding to become a Bitcoin holder toughly without fear of losing what he has done, believe that he will be a winner like this is a marathon even though this is not actually a matter of running a race. This question is the same as asking how many times Bitcoin will form ATH if the latest ATH is currently $123k. Every now and then the Bitcoin white paper should be opened and re-read to find out the basics of what Bitcoin is.

True investors never run out of time to continue investing. Investors who are passionate about something, like in the case of Bitcoin, will continue buying under any circumstances without feeling bored. They can only stop buying when they run out of money to buy Bitcoin, which allows them to pause and find other funds to make further purchases later. As for selling some of their existing assets, this is simply a personal choice, as they will eventually buy more without considering selling anytime soon, as they enjoy holding them for the long term.

Be a strong Bitcoin holder and commit to your long-term goals. If you know the Bitcoin price will continue to rise, every dip, panic, and so on will strengthen you because you believe the price will eventually rise again, and continue to rise, regardless of Bitcoin's track record. However, I understand that good advice sometimes doesn't prevent beginners from panicking and selling when the Bitcoin price rises or reaches a new ATH. That advice is what makes them strong and will make them better. But at least you trusted the advice of those with experience because it was good advice, and at least you didn't sell your Bitcoin at a loss even though you didn't have a strong hand. When you try again, you'll put that advice into practice because there's no limit to investing in Bitcoin even when the price is high, and you'll still profit if your goal is long-term.