~ Do people hodl just because others are HODLing?
~ Why do people hodl rather than sell and buy again when low
~ What is your major reason for HODLing and how do your survive the bear market?
When the cryptocurrency falls, newcomers panic. They don't realize it's A SALE. And experienced people buy it without
succumbing to emotions. Absolutely logical action, since it follows the golden rule in the world of trading - buy when the coin is cheap, and sell for expensive at the top of the price. In the future, the price of bitcoin may fall even lower, so now you should not buy with ALL the money. It is always necessary to leave financial room for maneuver. In our case - additional purchases. Keeping bitcoin without sales and purchases is not right. I think you should always balance between BTC and USDT.
Right, so I really don't get the logic of HODL forever without taking advantage of the market opportunities as in the Bull and Bear markets. I still believe in the idea of investment which is making a profit hence it is practically OK for you to sell your Bitcoin so long as you are doing it the right way of buying lower and selling higher, taking profits and doing it again around the market circle.
No one forces you to hold, if you have the ability to make a profit, you should not ignore it. Holders because they don't want to take risks in the short term, the trade may or may not be profitable, but holding will almost certainly be profitable. I also want to hold bitcoin long term, I believe long-term bitcoin will give a better return than trading.
That is true, people who have Bitcoin can do what they want with their Bitcoin, because it is their money and they decide how to spend it or how to save it, what we are trying to say here are the benefits that are obtained by having it. in hold mode it is much better because it can become a million-dollar investment and without spending so much time. If a person wants to sell and that is their decision, then they have to quit, just not complain that they sold their bitcoin for $21,000 when they could have sold it for more than $100,000, because when bitcoin goes up is when they will regret it.
As long as we have the full access of bitcoin that we have, We can hold it as long as we can and sell it as early as we can. It is the owner decision on what do he want's with his bitcoin procession. People are recommending to hold bitcoin for a long time since it is proven that it appreciates over the time and you can get profits from it by not selling. Though if you badly needed to sell to put the money on different things it is alright to sell especially if you gained profit from it or the money you need will also generate money faster than waiting bitcoin to appreciate. Just don't be like the old me where the money I got from selling bitcoin where put into non-sense self gratification things that depreciates over the time and regretted it after seeing the price blows up. It's a matter of decision on how you will do with your bitcoin, It's yours and yours only.