I have never thought about throwing the towel with the help of Bitcointalk. The best place to get valid information about Bitcoin is this forum. Social media and other news platforms are filled with junk that can lead to FUD. Before now, I used to get information from some so-called crypto analysts. I stopped listening to many of them because their predictions turned out to be baseless guesses.  This forum has been my source of motivation, which has made me stick to my plans no matter the magnitude of misinformation flying on the internet.

Dont short a dull market, dont sell it dont doubt that all these prices have been quite positive even if boring.  I agree it likely forms a better base for future movements above the 70k area.

If anything I would prefer BTC to take longer, this whole year was fine.  Some still estimating or hoping for 100k this year imo would be destructive overly volatile movement and not constructive long term.


So no, from experience in prior cycles or even alternate assets this period it was never a time to sell but accumulate and have patience.   Some people can trade a range but most people shouldn't attempt this as it can lead to the mistake of selling an area positive to hold in the long term.
   Some would always hold never sell but realistically people will sell peaks but this whole year buying into weakness was the correct attitude.

Throwing in the towel is a product of how many bitcoin cycles you have been a part of.

Propensity to throw in the towel:

0 cycles: High propensity, desperate to "catch up" and no understanding of hodling
1 cycle: Medium propensity, you remember getting a 3x return, somewhat fearful that history won't repeat itself
2 cycle: Low propensity, you have seen an order of magnitude expansion of your wealth, good things can happen
3+ cycle: No propensity, you have seen it all, bitcoin don't care how you feel, life is good

I've realized that the most important thing is to stay calm and not make rash choices.  It can be very tempting to panic sell when things are going down or to frantically buy when there's major hype and FOMO.  But generally those knee-jerk reactions end up losing you money.  The smartest move is to keep your cool, follow your plan, and try not to get caught up in all the day-to-day volatility.  I'm still being pretty cautious personally. We've seen many "breakouts" but then things headed south again.

To answer your question, I still occasionally spend a few satoshis to buy things online, but I've never once thought of throwing in the towel.

If you've been here on crypto space or trading or holding up Bitcoin since 2018 then pretty sure that you do already have that experience on that bull run cycle happens or simply the with market cycle about ups and downs on each trend period. It is really that hard to believe that in year 2024 on which you are really that almost selling out your Bitcoin just because you haven't seen any increase on this year? On the moment that you have been able to realize on how market volatility works or behaves then you do already make yourself that getting numb on whatever market volatility that you will be able to face on, but since we are just human beings on which having emotions then it is really that normal that there are really times or moments that you will really be having that kind of emotions on which you will really be having thoughts whether it is really that ime to sell out your position and focusing into other venture specially if you've been holding for very long time. Basing up on what you have said or mentioned that  you do keep on DCA'ing on which this simply means that you have trusted up your Bitcoin investment on which i have said earlier that it is really just that too impossible that you wont really be able to have those realizations along the way in regarding about Bitcoin volatility. You will not be making up those steps or actions if you arent that taking up such risky option to take. There are really indeed those times that you do lose hope but if you are someone whose not good on handling your emotion then you are susceptible on having these mistakes.

Lmao, this is not the first time bitcoin is making people to throw off the roof with they bags wide open to dump the shit loads of bitcoin into the market cashing on the temporary price breakout 😜such events are quite popular and noticeable in the bitcoin market.

But ultimately the question is, what becomes the gain when you let go of your bitcoin holding for such a low price of 70k or even 80k bitcoin price when you can hold your asset and earn and control your freedom, remember you only lose when you sell, so holding is the most important.

The most common reason for some to have thought in this regard is when they lack the knowledge in bitcoin and have made a serious mistake they thought about avoiding beforehand if they have been aware of it, sometimes ignorance cost us and we may not recover from the costly price paid, but is it not more interesting and suitable for us to make sure that we are well informed before those things happened.

It's an advantage for the early adopters that have held for so long. And it is a wise decision to diversify the bitcoin profits into other assets, digital or tangible ones. You have to reap and harvest your profits with how long you've been holding and that's a reward for how patient you've been all over these years.

If crypto means including the altcoins, it sure is. But Bitcoin is actually a good one to hold if someone is a maxi or 100% all for it and as you've said, it's a beneficial as a store of value and that's only proving itself year by year and every cycle that comes. I know that you've got more experience than the rest of us here and I think you're now onto the point of trying to diversify and have your assets elsewhere but you'll never leave crypto. 

Why do people prepare their finances for certain conditions and they prepare a percentage of their needs in life so they don't have to sell bitcoin before the ATH target is reached. When all the money you have is in bitcoin then when the price drops it will have an impact on losses and whether you like it or not you have to sell some to meet your living needs. That's why it's important to have a strategy and not force all your money to be in bitcoin as an investment step that is taken.

If you apply a long term strategy then there is no need to sell half because you can wait for the next ATH to get maximum profit. Even if you sell and will re-accumulate purchases then you will likely take an accumulation approach at a much higher price and it is better to wait for a period of maximum increase.