To be honest, I've had this question for quite a while. I keep seeing people claiming to just hold and hold; it'll take one, two, three, or whatever years for the next bull market. However, I'm often wondering: do you ever feel tired of waiting for Bitcoin to thrive? The past few months, or the whole past year—I'm not sure I've lost track of time—have been quite stale. Bitcoin has been ranging between $25.000 and $28.000 for quite a while. The volatility compared to other periods is lower than we're used to, or at least, to what I was used to in the past.
Don't believe to anyone claiming they hold, or tell you to hold, that is BS. If you care to think of maximizing your profit then you should have thought of holding just enough for the next bull run and buy again during the bear market. People might trick anyone they come across with to say to hold but in fact they are selling their own crypto. I honestly feel that bitcoin won't be higher than its all time-high, I'm still positive but needs more data to see.
Holding isn't bad in terms of profits, however, this is actually the best technique to maximize your earnings. Sell during bull periods and repurchase your Bitcoin right after the market crashes. I'm quite positive that Bitcoin will surpass its current ATH, but I'm not that confident regarding the overinflated predictions that speculate its value at over $150.000.
I think is only those who doesn't know what they are into will eventually gets tired and if you keep putting hope on bull run it will take time to come closer but whenever you didn't place your mind or even expecting it you see getting closer.
Maybe you don't have to be checking your wallet all times because seeing your assets swing between 25k to $28k always gives you the impression that you can't wait any longer so, it leads to someone to keep panicking over the price. Naturally I pay less attention to price fluctuations and halving because I know it's very closer and we don't need to panic anymore, if I am not mistakenly we have less than 200 days to halving from few post I red here so no need to worry about.
I'm barely even checking my wallet or Bitcoin's price anymore, it doesn't change anything. My average acquisition price is approximately at $27.500, thus, I'm barely at a loss or profit when it's ranging between $26.000 and $29.000, during the past few months.
To be honest, I've had this question for quite a while. I keep seeing people claiming to just hold and hold; it'll take one, two, three, or whatever years for the next bull market. However, I'm often wondering: do you ever feel tired of waiting for Bitcoin to thrive? The past few months, or the whole past year—I'm not sure I've lost track of time—have been quite stale. Bitcoin has been ranging between $25.000 and $28.000 for quite a while. The volatility compared to other periods is lower than we're used to, or at least, to what I was used to in the past.
You must be an old holder and adopter of BTC; that's why you feel frustrated or tired from waiting for it to thrive. But I am still new to the holding because I did participate in trading a long time ago and still do. But holding is a consistent process, and no matter how much I try, I always have to withdraw some funds to meet expenses from the holding portfolio.
I know I am making a mistake because even though it is my very first time preparing for the halving and trying to make a profit out of it, I should not withdraw funds from the holding portfolio; instead, I should be doing consistent DCA. But that needs a proper job, and I lack that.
But, to be honest, I have been saving some funds for quite some time from the Sig companies, but as you mentioned, the volatility is much lower than before. I also came to realize this now, as I am new and you are old, so you know more about the market.
I hope I will not have to wait more and have to see the unexpected in the market.
I've joined this forum in 2014, I started being involved with cryptocurrencies somewhere at that time. I had a very limited knowledge and purchasing power though, so nothing ordinary occurred even though I was here early. Fortunately, I'm yet to need to withdraw money from my Bitcoin earnings from the last 2.5 years that I'm trying to accumulate. Signature campaigns are a blessing, and my only source of income at the moment, since I'm unemployed, but the current volatility is getting a little frustrating.
I know where you're coming from but I never feel tired anymore waiting for the bull run or the right time to sell. I am an impatient person but holding Bitcoin just taught me how to be more patient. Honestly, it had helped me personally on how I look at matters and things on different perspective and to be patient for their results as I want to get the best results for these trials that I've done in the past.
Fortunately, I'm not too worried about its price anymore. In 2017 to 2018, I'd get extremely frustrated over Bitcoin's price, which was my largest mistake. The 2018 crash made me quit, had I been active during all these years, things would be quite different now.