That's a result of FOMO. As a bitcoin HODLer I think you should be less bothered about news and focus more on the target price within a specific time span you have in mind and then you should be good to go. Bothering about firms wanting to sell can make you sell off just before a pump and then you end up regretting the loss.  In my opinion to be safe as a HODLER you should be looking for buying opportunities more at pull backs and not sudden sells at pumps.

Seems like BlackHatCoiner got kind of pissed at something he saw online or probably a situation hence this post. Well although it's not a secret not everyone can do it since it requires you to have a nice level of discipline for you not to be stuck in the average joe or 9 to 5 lifestyle. People are scared of risks and it's the key to becoming rich too.

this is where you need to keep just some funds as fiat(emergency savings) for those "circumstances" so that you are not "tempted to sell"

when it comes to bitcoin specifically. you can actually figure out the ultimate window of speculation limits..(how wild the price can go if a sudden pump and dump happened)
if you work out the most efficient mining cost on the planet and the most inefficient mining cost on the planet. you find:
the ultimates where no one wants to sell below as no one can even acquire/mine for less on the planet so wont want to sell at a loss..
the ultimates where no one wants to buy above as everyone can mine for less, so not worth buying at a premium when cheaper ways exist.

and then you can gauge where the price sits inbetween those limits to see how close to value or premium the price is to the gauge if its a good buy time or a good sell time

EG
hardware=$34k/btc (costs of 750exa of hardware spread over 2 year roi)
electric efficient= $24k/btc($0.04/kwh)
electric inefficient= $300k/btc($0.50/kwh)

so the cheapest place on planet can mine bitcoin for $58k/btc
the most expensive place on planet can mine bitcoin for $334k/btc

so the max edges of speculation low to possible high is $58k low to $334k high

so basically the market is setting a barrier where unless hashrate drops significantly the price wont see below $58k again but could test ~$60k in a market crash/correction test at current hashrate

so basically the market is setting a barrier where unless hashrate raises the price wont see above $334k if a super pump happened at current hashrate

enjoy investing and keep this sentiment in mind and update the numbers as the hashrate and mining costs change over time.. its helped me alot at the ATH/correction seasons of last cycles(numbers were different in previous cycles so worth keeping numbers uptodate, to stay in-date of speculation possibles)

I agree, you're right. That if someone who's invested in Bitcoin and needs some immediate money for emergency, there's a need to separate funds that will be used so that BTC holdings won't be touched. I'm not the one that who have done that and for sure many have experienced it. But learning it all with the process makes us wiser the second time around and we're realizing how valuable Bitcoin is. While there goes the folks that thinks of how much they're going to exit but there's no actual exit in here. We accumulate, hold and if you wanna sell, sell some and get that spare.

Wonderful. Just reminded me of a wise quote recently from consultant. So he said "The magic you seeks is in the work you fears".
This has also ignited me on how people awaits a huge number to batch in, make a testifying before they could take a walk-in. Problem may be late for them at then.

This is equivalent to what has happened in the space of bitcoin when we all had an earlier on opportunity to investment but we feared that we might lost our funds but when we advanced on deciding to really discover what the reality of bitcoin is, then we realized its potentials and found it's a legitimate financial system.
Then, we accepted to face the fear as being ready to accept whatever outcomes out of it by Investing with what's affordable to loose.
On the short run or long run depending on when we embraced the industry considering the market seasonal events, we were lucky to benefit from it as an investment source which has the potential to provide us riches and wealths.
The experienced ones are now comfortable doing well by investing more on the discovery of bitcoin values while those who still fears to take the risk are ignorantly lacking behind the productive of th bitcoin market.

And more to come - because it needs to be put into practice with much-awaited discipline behind it.
And then - it would click for anyone eager to do his research, analysis, and effort.

If such people would learn about BTC itself more - they wouldn't have such a stance on it.
They can try with any amount of money after all - to see their ideas working out and the BTC cycles working in their favor, to then see potential in BTC itself.

I think you would think so only after you accomplish the main goal, which is to become successful in the first place and live the way you would like to.
 

It's not just that some people are still very skeptical and don't understand how much the BTC price could go up in the future, it's that (if we take this forum as an example) people are simply forced to spend their BTC for living costs and cannot afford to keep them long-term.

People have been trading with BTC practically since the first days, and paying with it even when one BTC was worth $50, just as they do today when it is worth almost $100k. I have never hesitated to pay for something with BTC regardless of the price, because if I had just invested for the past 10 years and never taken a profit one way or another, it would have felt very strange - because BTC was conceived as a cryptocurrency, not what it has become today.

All rightly said, but you and I know that some stuffs are more easier said than done..

Creating wealth isn't as easy as it is put on paper, or written on forums like this, there are much more stuffs involved that contribute, or play important roles in determining the outcome of a person's quest to creating wealth.

The details of this i wouldn't like to go into right now, but it's also good to know that with persistency, determination and hard/smart work, wealth creation is very possible, but one who thrive to achieve this must be very patient with himself and those around him, and there are also alot of things he must be willing to deprive himself of, the ability to succeed in creating wealth lay in all of this things even though it's never mentioned on threads like this..

I agree that there is no secret in creating wealth. Maybe some are able to make use of the opportunities and resources available but it’s hardly a secret. They just learned how to do it and that’s what makes them stand out.

It’s not just about the scarcity of an asset. There should be value or purpose. Otherwise you are holding something no one wants to buy now or ever. Learn how to identify a potential profitable asset and acquire it quick and soon before anyone else.
By holding, your wealth in the future will just increase. You might not be rich now but you will be in the future and this should be enough motivation for anyone.