How To Avoid Panic | Bitcoin Hold

8月19日

Why are you holding?
Why did you buy Bitcoin?

You either bought Bitcoin because you believe in the technology, you have some use for it or you want to see it go up.

You are not going to panic sell are you?
You are not going to sell at the bottom, say at 30K?

Because if that is the case, you are better off selling now. But no!, you are holding because you want to see Bitcoin go up.

If you are able to hold 6-8 months, what difference does it make to wait another 2-3 months? Think about it...

If you bought Bitcoin because you want to see it grow, just focus on the long-term.

Prices can swing all they want... It can go up and down, but what matters is not the short-term noise but the bigger picture, the end result.

Some people, while doing a great job at holding, are not mentally prepared to truly hold when the going gets bad. It might be easy to hold now because the news are in our favor, but what happens when the entire world turns against us? What happens when the market turns red?

They will start publishing all sorts of negative news; they will start claiming that it is the end; "Bitcoin is dead!" Remember? It will be a repeat of past crashes all over again.

It is ok. If you want to sell that's ok. We had months and months and months and months to take action and there is time left even now... But when the crash happens, due to panic? NO!

Set your mind straight now!
Why did you buy Bitcoin?
You want to see it go up!

Is there a condition based on timing?
"It must go up in 3 days or I quit?"

If that's the case, then the time is already over... But that is not the case.

We are intelligent, grown up human beings and we know better, because we have past history.

It doesn't matter how hard it gets...
It doesn't matter how low prices go...

Bitcoin can move straight up to new highs, or it can crash; if it crashes, a recovery is 100% certain and next year it will trade higher than the highest we saw in early 2024. Makes sense?

You can be successful with cryptocurrency if you focus on the long-term.

If you focus on the short-term... It can be hard; professionals, whales and the rest have been playing their entire lives and have time to spare.

We can also win, but we must focus on the long-term...

Look at any long-term Bitcoin chart... The trend is UP!
Get ready to hold!

Namaste.