Wait for some months and bitcoin will reach all-time-high. That would likely be in 2024/2025.

For those that wants to invest in bitcoin, they should make research about it and study the historical chart of bitcoin, halving and how the price of bitcoin may go up after halving.

But those that do not make any of such research in the past will not still regret if they are able to hold their coins and not sell.

Bitcoin will still exceed its all-time high what I don't know is when this will happen. That's why it is vital that you focus on long-term investment rather than short-term so that you can always wait till the price gets to your target. I still reiterate that Bitcoin will get to $100k. In order to reduce the risk of keeping Bitcoin, it is advisable to use the DCA strategy to buy your coin. This investing pattern will help you spread the risk of your investment because you will not suffer the same loss since you didn't buy at the same price. But OP you failed to balance your position because there are also many bitcoiners that have become millionaires because they held the coin for many years. I don't think swapping BTC for USDT is ideal because the latter is centralised so keeping it for a long time is unsafe.      

Jeremy Sturdivant might be in good position right now. who knows if he holds the Bitcoin in his custudy up till date.

It's not possible to go below the $1k no matter how Bitcoin falls

Like it's easy 😀 do you think gambling is a easy?

For many, the "HODL" mantra has been both good and bad. It fits with the Stoic idea of "weathering the storm of volatility," but its not always the smartest thing to do financially. The emotional ups and downs from the high of $69k to the low of $20k show how unpredictable the market is. A fluid plan is important, in my opinion.

Definitely, if the market keeps going down, it makes sense to protect your gains by switching to a stablecoin like USDT. Its about finding a balance between the hope of a recovery and the harsh truth of market trends. Your idea makes room for a plan that needs both alertness and quickness.

I believe that you should always have a way to get out of something. Not only do you need to know when to enter, you also need to know when to leave, even if only for a short time. Its not about selling in a hurry; its about keeping your money safe in case of a big drop. There might be a halfway ground between people who are HODLing and people who sell as soon as they see trouble coming.

This is a lame excuse, holding is still the best option.

Before you start buying any assets even if it's not Bitcoin you need to know when to buy, you can't always buy when the market is fully in green, where many are already waiting to dump on new comers like you, lack of knowledge is what's affecting you right now, open your eyes.

The best time to buy any assets is when no one have interest in them, you want to get there when many people are getting out and don't want to buy, that's why we all target the bear market as this thing is when panic and bad news take over the space, it's also when Bitcoin hits a new lower price, this is where you should be buying.

Those who bought at the top have no clue about Bitcoin or they believe that Bitcoin was going to $150,000 or $1000000 like some people are speculating in 2021, this made some people jumped into the market, lack of knowledge will make many people to repeat the same mistake in 2024. Learn to understand how the market moves or risk becoming one of those people.

Do you really think it is safe to sell BTC for these so-called stablecoins, if it is a known fact that most of the so-called stablecoins can be frozen/seized regardless of the wallet it is in? What you advise is only part of your problem, because if you don't want to have BTC anymore, sell it for fiat and turn it into cash as soon as possible.


I advise that all those who have elementary problems with finance and mathematics first learn the basics, and only then get involved in serious matters. Every investment is a serious matter, not some child's game in which a small amount of money magically turns into a big pile, and all this while you sit in front of the computer and do almost nothing.

By the way, it is correct to say suggestion.

You proved with your post that long-term holding is the best option. It's funny how you really proved the opposite of your opinion with your arguments.
69K USD was a bubble, right? When you buy during the moment when bubble is about to explode, this is your fault but long-term, it's not really a fault that costs you a lot. There is a halving in less than a year, what do you think, won't it reach 100K and higher? It will, I am 100% confident about that. While my confidence doesn't drive price, there are many reasons why it will happen and the blackrock's involvement in it is a huge drive alone, price went rom 26K to 36K and it's not halving yet.

I must say that I share your opinion, and my resolve is that no one should be a blind investor, we should rather be speculative than be copycats that invest only based on people's sentiments. I've mentioned before on the forum what you narrated about buying at a high price and still holding, and this is not a lie that some would have still been in many losses due to this. What I see here is that people are ill-informed and are blind followers and I even saw some of them offline where they might be at a bar or at a salon discussing Bitcoin. It's in this condition some people advise others to buy Bitcoin when they themselves do not understand the coin at all but are just fortunate to have invested at the right time.

My advice is this, do not just be a blind follower, be you, learn about Bitcoin investments and know how to interpret the chart accurately. The weekly and monthly charts should be able to guide any serious speculators well, and then moving the coin to USDT/USD might be the best option during a confirmed bearish market for the traders in this category.

However, that's for those with a light Bitcoin investment plan. For the real Hodlers, they continue to hold come what may in both bearish and bullish seasons.

There are more successful stories of investors from the past who bought bitcoins in its early days and reaping the fruit of their patience right now because they sold it when the price was at An all-time high. That means more people are encouraged to invest for the long term rather than making it like a gamble where they sell some of their properties and invest in bitcoins waiting for the price to rise over a short period. while this is not a totally bad idea it is too risky rather you should just invest with the money you can afford to lose and let it be there until the price of bitcoins spikes again to the top.

If they bought at $69,000, they must do it with reasons like they believe Bitcoin will make a new all time high, higher than $69,000. If they hold, they must have reasons to hold it.

The challenge for them is now, in 2023 and only 6 months till halving, do they still have same belief and reasons to continue holding their bitcoin?

If their belief is the same like 2 years ago, they don't have painful feeling now. If you can not hold, you can not get rich but it is not enough. To hold and get rich successfully, an investor must pick a correct asset. It is not correct choice if they pick altcoins but it's very smart and correct choice to pick Bitcoin.