Is it because Binance was hacked that made them panic? It would be a stupid move for them to sell just because of that.


What advice would I give to these people? It's their business whether they want to sell or not. I have no say in what they do with their Bitcoin.


It's up to them whether they want to hold or not. They should understand what they're investing in. If they sell just because Binance got hacked, or some other incident happened, it means their tolerance limit only goes that far.

I think you should be more specific instead of just saying 'most investors' because that's not the reality, it is only the investors who lack a proper understanding of this market and Bitcoin in general who would think that their invested funds are at a risk if the price is going down and that they are going to lose everything if the market doesn't stop going lower. An investor who knows everything, has enough knowledge about the market and Bitcoin in particular would know that such things are pretty normal, and that the prices will eventually recover and they are not losing anything.

And, about the most recent drop in the price, it's not that severe, to be honest, and it is caused because of the Binance hack, and I personally think that based on the fact that this was the biggest crypto theft of this industry so far, I think the effect of it on the market was way too lenient, and I was expecting more bleeding, but surprisingly, the market didn't react so negatively about it, and that's great, because it proves that the market is getting mature over time.

Finally, an investor should always remember one thing, a loss is not a loss as long as it is unrealized, and if you turn your unrealized losses into realized losses then that's your fault, because Bitcoin has the potential to turn the tables over time, you just need to have trust on it.

Point of correction, you don't lose bitcoin while holding it when you are not scammed or hacked, its only the usd value that drops whenever there is a high sell volume compared to the buy/demand volume, and when demand rises above sell pressure, the usd value of your bitcoin also rises, this is how things work, 1 bitcoin is always 1 bitcoin and 0.5 bitcoin is always 0.5 bitcoin regardless of its usd value.

It is not in my place to advice other people what to do with their bitcoin holding, a good investor will carry out a proper research before investing in any asset, which includes Bitcoin, and in understanding the risks and possibilities in which-ever asset one choose to invest in, such investor should know exactly what to do when things turn out not to be going the way he had thought or imagined it would or should.

Stop looking at chart every five minute!

Why is it that people who want to have peaceful life in IRL are having heart attack by screening their portfolio? If you are investing money that you need for next month's rent or groceries, there is no way but to panic. If position sizing is not right, even a slight correction in  market will shake you.

If you view correction as an opportunity rather than curse, then there’s no problem at all

As the name implies, "long term investors" I am sure if a person wants to venture into Bitcoin investment and wants to go into long term investment then they are supposed to understand what the long term investment entails so a person who chooses long term investment does not have anything to be worried about when the price of Bitcoin dips because in the long run there is definitely going to be ups and downs which are not avoidable in Bitcoin investment, it is only someone who does not know where he stands or a short term investor that will be bothered about the changes in price but the case is different from a long term investor who knows his stand.

Grow patience, what makes you a long-term investor is your ability to hold while others are selling.

Continue holding, Bitcoin has the potential to do very well in the long run. Anyone doubting can sell, and give the market time, when investors who didn't sell will be celebrating their profits. Four years ago, Bitcoin never made an all-time high of $126K, now we are up there, and in the future, we will also make a new all-time high price, only investors who hold for the long term will benefit from the market.

By holding on to it and not doing anything with it, a long-term investor will not be swayed by price fluctuations, a situation most investors are accustomed to. If he sells it, he will immediately suffer a loss, but if he holds it, he has the opportunity to sell it as originally planned.

Set bids for 21 million BTC across every exchange, that are automatically adjusted to move up to the latest ATH. Then do nothing else, but watch all the paper bitcoin exchange bullshit breathe its last breath.

Aside from Satoshi the creator, Tim Draper is a good example as according to his interview he hasn't sold his Bitcoin since he purchased it in 2014, and at the current price he already has an unrealized profit of over $2 billion, and still not selling, that's the real definition of a long term holder.