⭐ Merited by Lucius (1)
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.
I feel that there isn't too much excitement and this adrenaline feeling anymore; suddenly you'd see Bitcoin climb or crash; you'd be curious when it'd stop, what your next move would be, or simply feel accomplished seeing your money's value grow. Price movements are quite insignificant at this point compared to the huge pumps or dumps that occurred in 2020 or 2021.
Don't get me wrong, I'm not against holding, nor am I getting frustrated, at least not yet; I did it in the past and regretted it, even though my only source of income is signature campaigns. It's just that sometimes you can't stop the thoughts from circling around your head. I generally didn't bother to even look at it's price, but I've recently started feeling a little wearied. Perhaps it has to do with the life-induced stress that I've discussed in a previous thread. Who knows? How do you cope with waiting?
I feel that there isn't too much excitement and this adrenaline feeling anymore; suddenly you'd see Bitcoin climb or crash; you'd be curious when it'd stop, what your next move would be, or simply feel accomplished seeing your money's value grow. Price movements are quite insignificant at this point compared to the huge pumps or dumps that occurred in 2020 or 2021.
Don't get me wrong, I'm not against holding, nor am I getting frustrated, at least not yet; I did it in the past and regretted it, even though my only source of income is signature campaigns. It's just that sometimes you can't stop the thoughts from circling around your head. I generally didn't bother to even look at it's price, but I've recently started feeling a little wearied. Perhaps it has to do with the life-induced stress that I've discussed in a previous thread. Who knows? How do you cope with waiting?
Well if you are doing a signature campaign you are earning under 2,000 usd a month.
That is not enough.
From the profile of OP, it is clear that he's using bitcointalk since 2014. I don't know from which year he had got into signature campaigns. Maybe if he had got into signature campaign earning earlier and if he had kept hold of those funds now this question couldn't have come into his mind. In the past users receive similar pay, but in terms of BTC it used to be very high against now. Sometimes I used to calculate what I've got earlier and what it could've been in today's price. Thats a big difference, and on such calculation everyone suggests to hold and enjoy the goodness. However the holding shouldn't restrict us from leading our life through sacrifice. We should live and with rest available we should hold for the future profit.
I signed up in 2014 but was lurking on the forum without an account for quite a while. I didn't stick around for long in 2014, nor did I enter a signature campaign. I managed to rank up to Jr. Member but stopped bothering with the forum somewhere in 2015. Luckily, I had quite a lot of potential activity, and I rejoined in late 2016 or early 2017, quickly ranked up to Sr. Member, and stayed until 2018. I got myself involved in a few signature campaigns and altcoin mining, which was popular at the time. Now that I'm back and restarted from scratch, it was either 2020 or 2021, and I've lost count with COVID-19 quarantines.The problem is precisely that most people are waiting for something to happen because they are only interested in profit, and the frustrations you mention are most expressed precisely at a time when the price of BTC is relatively stable. I stopped thinking that way a long time ago because it simply does not lead anywhere, and instead you should try to live without high expectations and accept that you cannot influence the price of BTC.
In addition, if you believe that the four-year cycle is still something that is in play, then you have no reason to be frustrated because we are still in the accumulation phase and everything that is currently happening has already happened several times, only the numbers were different. I well remember how frustrated people were during 2015 when the price of BTC was just above $200 and some said it would never reach $1000 again, but look where we are today
I'm not quite thinking of cashing out; I'm not too bothered by its current price, although it wouldn't hurt seeing my Bitcoin double in value. However, I've never seen the market so stale, thus the frustration. This period has been great for accumulation, and the low prices have tremendously assisted.In addition, if you believe that the four-year cycle is still something that is in play, then you have no reason to be frustrated because we are still in the accumulation phase and everything that is currently happening has already happened several times, only the numbers were different. I well remember how frustrated people were during 2015 when the price of BTC was just above $200 and some said it would never reach $1000 again, but look where we are today
You registered on the forum as far back as 2014 (I only in mid-2015), but I think you mentioned somewhere that you weren't really active at the beginning, so you missed everything that happened during 2015 and 2016, and it looked pretty much like it looks today (except the numbers were different). All you need is to change the way you think, and see these periods as an opportunity, not something to be frustrated about.
I assume that your sig campaign pays you fixed in $, which means that with a low price of BTC you actually get more BTC, and that in the long term this is not a bad thing, but quite the opposite. In every let's call it "negativity" you can always find something positive, enjoy every new day because the time we have is really something precious that you can't buy regardless of the price of BTC.