Quote from: thecodebear on Today at 07:23:26 AM

Quote from: Accardo on May 19, 2021, 10:19:44 AM

Bitcoin just fell down to 39k plus per 1, and those that held/bought bitcoin while it was at 50k have no benefit of holding bitcoin at 50k per 1 instead they lost money. lets say those that will buy at 39k per 1 will have more benefits when its spikes again to 50k. So those that enjoyed holding bitcoin at 50k hoping that it will hit another ATH will have to wait for bitcoin to hit another 50k but still got no profit, while the 39k buyers will profit 11k dollars. My question is why is they no extra profit for early holders when the price falls and rises agian?

Hodling is ALWAYS the best option. And if you are holding long term you haven't lost any money when price goes down, because you're not selling, you're holding.

I get it, as a newbie, you think it's easy to just time the market and do a lot better than just holding. But it isn't easy, which is why all the richest people in Bitcoin HODL. Most people, after they lose some of their bitcoin from trying to time the market, end up HODLing because its the easiest, best, and more surefire way to make massive gains.

Are you relating this to the specific case of Bitcoin or are you recommending that the only option you have with any cryptocurrency is to hold it? I mean come on, that is just not true. Holding for too long can also be a waste of opportunities on the whole HODLing journey. I am not saying you should day trade or try to catch swings, but if you are pretty damn sure this thing is going to tank very soon, you could always act and at least sell a little bit. Or if it peaked extremely, where is the issue with turning some into cash and maybe rebuy even more when it is correcting? A little bit of strategy here and there can't hurt.