Don't let emotions cloud your judgment!

I just came out of my crypto break to share a thought. I see a lot of folks getting misled by the media and stock market players. They treat bitcoin like some tradeable stock where the market dictates their next steps. If it goes up from what they paid, they cash out, and if it drops, they panic and sell at a loss. But honestly, bitcoin is more like a property, and thinking about it this way might help during times like these. So, imagine you bought a house for a million bucks and a year later, someone offers you 900k for it. Would you sell? Why would you? If you're not in debt and can cover your expenses, you wouldn't sell, right? The bitcoin market is just like that. It's a group of people making offers for your property. A month ago, they were offering a million; now it's only 800k, and next week they might say their final offer is 700k. If you don’t like the offer, just hold on! Personally, I know my bitcoin is worth over 100k, and I don’t care if they’re trying to give me 78k right now. I’m gonna wait for them to realize its true value again and come back with a better deal. Right now, I wouldn’t settle for anything less than six figures. Also, worst-case scenario for bitcoin, I see it hitting 150k in two years. If you know of any investment that can give you over 50% returns annually, then go for it and ditch your bitcoin. But if you don’t have anything like that, just hold onto your bitcoin and relax. Life’s too short to not have some bitcoin and then regret it when it goes back over 100k.

Technically though, we are still in the heart of a bull cycle, so we shouldn't be worried to see the price going below $80k from as high as $109k a couple of months ago. For those who have sold, hmm, it's obvious that they have lost already. As we are still in the bull cycle, this is just a early test for us, there are still a lot of months ahead of us, so many things to happen positively that we are still in the way to get into $150k or $180k.

Thanks for the reminder, the key word here is to hold and chill, yes, perhaps you can also buy because it's at a discount, buy as much as you can if you don't want to do DCA. And after that if the market recovered to somewhat like in the $90k-$95k, then relax. As it could be the time that the market is going to bounce back. And if that happens, the price could be in the 6 digits before we all know and then that is instant profit again and we (and you), can go back and just sit back and chill and see your wallet grows.

Great words. Just hodl and forget about the rest. Leave your phone with the notifs about the price for today. Drink more water. Expect results in the upcoming months and years. Buy more

It would also better while you continue hodling bitcoin, you are also investing in tangible assets if you can, diversification will always create a great deal. Invest more if you can, and buy more bitcoin if you can, as long as you don’t spend more than you can afford to lose. That’s the key there. While bitcoin price at the moment depreciates, other investments do appreciate. So it’s best to learn to diversify, but always putting bitcoin as your top priority.

The thing is people ain't really convinced that we are still in between the bull run timeframe but very much confused at what point in the market where we actually at. So they think they just have to sell earlier and watch price go bearish continuously to a certain convinced mark then they could buy again. When we pay much attention to negative speculations it could affect how we manage our bitcoin portfolio that we get too emotional and unstable with hodling. Except for a life threatening emergency there's no excuse to sell your bitcoin in loss when it's obvious that with time the market value will rise after a steep dip.

We can't deny the fact that many have translated bitcoin into what it is not, but the truth remains that it is trusted and a reliable digital currency, which when we understand how the utilize it use can make a tremendous profit from it, this will also be determined by how we understand it use and make it applicable on areas needed for our own benefits, some are making their goals come through by bitcoin adoption while some are not getting it right by their own way of approach, but if we can take time to get it right, we can make some profits investing or trading in bitcoin, neglecting all odds.

It's the new investors that will be more emotional about this, because they are new and haven't experienced the bull run price movement before. OGs are aware that there will be a dip of 25%-30% in bitcoin price during the bull run, in order for bitcoin price to create a new ATH. I believe, that's what is happening. So relax and hodli because the bull run is not over yet.

Indeed we only have one life to live and we shouldn’t waste it on regrets, I like that ending part of your speech. How long one hold his bitcoin is determine base on how they treat and view bitcoin, if they picture it to just be like a perishable commodity which if you don’t sell it off you leave to regret it then they will definitely take the offer of selling low as they don’t expect anything much in return, but when you picture bitcoin to be durable commodities then they will understand that the price change is temporary and volatile and their is something bigger ahead of them it’s just a matter of time to wait for demand to increase and same person offering to buy at $79k will also offer to buy at $100k and above depending on when the seller is willing to sell, everything is just patient and the determination not to sell under pressure.

Therefore, never owe anything so that life can be calm. By having money to cover the needs, why sell the bitcoins that we HODL all this time? Let the market fall again, this is indeed a cycle and often happens like this that we pay attention to - don't panic - just relax - face this patiently, because one day bitcoin will peak again. Having learned a lot in the past, it must be good to manage emotionally well.

in reality a house is not a commodity. a commodity is like the oil stocks that are on the commodity market whereby oil contracts have to fill/complete on delivery and people did make losses even if they didnt want to sell for a loss, they had to accept the loss, because at completion of contract we seen the oil market at $0 a house is an asset. and thus you choose when to sell, and most wont sell when its not profitable(unless they intend to move away and escape the neighbourhood for a better location to rest their head at night) some bitcoiners will panic and sell because they believe they need a bulk of fiat back in their pocket because they lost trust in the market ever growing again. much as many asset owners do but the good thing is when the weak hands leave, strong hands replace them EG if you bought a house at $600k and you seen the market reach $1.05m and then a market dip to $780k for a home of your size. if you are desperate enough to escape the situation with only $180k profit (or a loss if you bought at the max) then the new owner who bought it off you has a stronger hand because he bought a discounted house. and now the initial value is no longer at a $600k support but a $780k+ so less people willing to sell below $780k and more people are willing to sell only above $780k (some of the $600k buyers are gone, exited the real estate market) and giving a stronger support for $780k+ instead of $600k

::/franky1::// I think OP is just trying to make an easy-to-understand comparison. I don't think there has to be a 1:1 equivalence. Things like the intangible value of a house are only seen by its owners. In that respect, "everyone" knows that Bitcoin will have other ATHs to come. In the current issue, we are only in the corresponding correction, that's all, just wait and make the move that best suits the individuals.

There are some things you are not considering here, like you made mentioned of house as an example; which i know that owning a house has no volatility which you can't lose your house at any point but with bitcoin which that subjective to volatility might lose its value for the period of two to three years before gaining back their initial price level, at this point what do you think an novice or newbie trader/hodler would do? They would have no option than to panic sell because of their inexperience or lack of understanding towards bitcoin. What is important is that those who are holding bitcoin shouldn't lose focused because bitcoin is not like house, even if is considered as a commodity out there yet does depreciate in price, as we know owning house today is a big investment which would never depreciates in price rather keeps appreciating. Someone can a own house today worth $4m, and such house can never be sold for less than such price and in few years that same house could worth approximately $8m which the price doesn't fluctuate that much comparing to bitcoin that is so volatile.

strategy like this works wonder if you are just long term holding or DCA, just wait until the price is right then decide what you gonna do after there's no rush but I think the fact that downturn market always spark fear is what caused people to go frenzy in time like this. totally understandable but I guess seeing those billions liquidation can't help but make them afraid. regardless as you said, a smart holder will just see the price and move on if it doesn't suit their target, eventually bitcoin will grow, so far bitcoin has been growing and double or triple its price every cycle of bullrun, the question is not about if, but when bitcoin gonna reach your target. keep holding.

Yeah and that was great for people that are slow on reading or comprehending stuffs, however 1 on 1 equivalence is more specific but if the items being compared are not familiar for the many, the former is still better. On the example that you used there, I'd say it depends on the house like if the house is not that new, others will underestimate its value but not if it was still shining. When it comes to Bitcoin, there are still people that doesn't know it yet. Some might know it but they don't know its true potential. Speaking of Bitcoin, right, many are saying that it was in a correction mode but you don't always need to wait and a correction is also a good buying opportunity.

Welcome back and I hope that you're enjoying your Bitcoin retirement, I'll be there also soon. This actually how it goes, there is no need for too complex idea on how Bitcoin is going. Because many have been introduced to it as a stock thing that you should buy low and just sell it on a higher price. But you're right, many still don't realize that it's something that we can hold for a long time and rely on it with our future if ever you're done with the obligations you're doing. I've made mistakes, a lot of it in the past. Sold my Bitcoin holdings at a lower price because I have to and I wasn't forced to do that, just needed to do so.

The value of a house appreciates as time goes by without fluctuation in the price. But as for Bitcoin the price keeps going up and coming down, sometimes you barely think of holding it for that much longer when the price recovers after a dip fall. You have nothing to panic/fear if you own a house or a landlord property. You sit and watch it grow without any price swings. While for Bitcoin whether you are a trader or an investment that is holding for long. You surely will see the price swings, the temptation of taking quick profits. I agree with you here. Diversification is very important because we shouldn't rely on our Bitcoin alone. It is even better if we diversify into another asset so that we wont think of tampering our Bitcoin investment at any point in time that is not the period of withdrawal.

Normally whale investors wait for this kind of situation to happen. They want to sell Bitcoin at 100k and buy it again at 80k or below but a big problem here is that ordinary investors fall into that trap. When they get the price of Bitcoin at 80k or below, whale investors increase their holdings. Usually ordinary investors lose even by buying and also lose because they did not hold during the bearish period. If the investor could not be upset and only focused on his holdings, then the price of Bitcoin would not have had a chance to fall so low. Therefore, instead of panicking when the price of Bitcoin drops, one should increase their focus on long-term holdings.

Being in debt to other people can have quite an effect on us in making ends meet in our daily lives. I think whatever we have will fulfill our needs. Selling Bitcoin that has been HOLD for a long time is a ridiculous thing. The crypto market always comes with a cycle of ups and downs after the price reaches the highest peak. I agree with your opinion that the market price falls. We must not panic. Pay close attention to every downturn. There must be an uptick. Don't just take an emotional stance. Learn from past experiences if you don't want to regret it in the future.

You see, it is possible for the value of a house to depreciate in a year time reason being that the building materials they used when the house was built cannot be of same quality with the building materials used in building modern houses so those are the factors that can make a building to have less value in a year time because the year you bought the house may not be the year the house was built, another thing is poor maintenance and possibly the location of the building might not be in a well developed area which means it won't attract much value like those houses in big cities and industrious locations. Even if you ain't under any distress to sell a house but the more longer it stays, the more it begins to look older which means you can still end up selling it at the amount you were literally running away from.