Quote from: yudi09 on August 23, 2022, 10:48:26 AM

A very common strategy (Don't panic and hold), but it is very useful to apply when the market is experiencing a price drop.
The situation now is challenging many people. Those who are weak will sell and I am very happy that many hands are selling. I call this a period of challenge.
This challenge will be won by those of us who think positively by looking at Bitcoin in the long term.

Not everyone who is selling Bitcoin at this point should be called weak hands. Because it could be that some of them are selling Bitcoin at this time just to meet their urgent life needs or are in need of money which is very important so they have to be willing to sacrifice the Bitcoin they are holding. Even though they basically really like Bitcoin and still want to hold on to it long term. But living conditions forced them to sell Bitcoin early.

Quote from: BITCOIN4X on August 23, 2022, 09:31:47 PM

Yes, of course, but in reality patience is something that is easier said than practiced. People will panic when asset prices fall, especially if FUD threatens the future of the assets they own. You can patience if asset you hold is bitcoin, but what if your asset is altcoin? The situation would definitely be different, and panicked, of course.

So it all depends on what assets you have. You can't always be in a certain zone if it's not bitcoin because actually you have to be pretty sure to take even the slightest profit if it's an altcoin. I've been doing it this whole time, so it shouldn't be problem for me.

I have never held altcoin assets long term because I buy altcoins only for profit and not for long term investment. When the asset that I hold is an altcoin, then I always sell and place orders at the profit I target. Besides that I also very rarely buy altcoins back when the market is experiencing a downtrend and it is possible to forget about it for a while just to buy Bitcoin gradually.