• News
  • Film and TV
  • Music
  • Tech
  • Features
  • Celebrity
  • Politics
  • Weird
  • Community
  • Advertise
  • Terms
  • Privacy & Cookies
  • LADbible Group
  • LADbible
  • SPORTbible
  • GAMINGbible
  • Tyla
  • UNILAD Tech
  • FOODbible
  • License Our Content
  • About Us & Contact
  • Jobs
  • Latest
  • Topics A-Z
  • Authors
Facebook
Instagram
X
Threads
TikTok
YouTube
Submit Your Content
10-year Bitcoin owner shares their advice on selling as crypto dropped to lowest level since Trump's return to office

Home> News> Money

Published 16:00 6 Feb 2026 GMT

10-year Bitcoin owner shares their advice on selling as crypto dropped to lowest level since Trump's return to office

Bitcoin has dramatically decreased in value since October

Britt Jones

Britt Jones

Bitcoin’s value plummeted to its lowest level in 16 months this week, and a long-term holder of the coin has since come out to share some advice.

As of right now, Bitcoin is teetering on the edge of $60,000, after it was reportedly sat at $73,000 on February 3.

Considering it hit $125,000 in October 2025, the price of the cryptocurrency has fallen quite a lot in such a short amount of time, leaving people wondering what is going on.

Crypto holders might be scared, but someone who has reached a decade of investing in Bitcoin has revealed their secrets in an attempt to help others who are freaked out by the drop in value.

Advert

Posting on Reddit, they wrote that they ‘have been hodling since before 2016’.

‘Hodling’, in the crypto space, means to hold assets long term rather than buying and selling.

Bitcoin has decreased dramatically in value (Nikolas Kokovlis/NurPhoto via Getty Images)
Bitcoin has decreased dramatically in value (Nikolas Kokovlis/NurPhoto via Getty Images)

Explaining that they have ‘a significant amount of btc [Bitcoin]’ and claiming to ‘know the cycles’ the ‘tech’ and its ‘potential’, they added: "I'm going to laugh my a** off if this dip doesn't follow any cycle or patterns we have seen before and the bear market we all expect ends up being a week long and then it moons to like 4.4 million out of nowhere over the course of the next 6 months. Something that no one expects."

They said it’s ‘unlikely’ to recover like this, but would laugh at the situation regardless.

Then, the person went on to share their own advice as a long-time investor... to hodl.

They explained for those who want to sell their Bitcoin and feel worried about its downturn: "Words of wisdom to you guys: chill tf out and hodl. It'll all be ok. Time heals all... bitcoin losses. Sometimes it takes a lot of time though, but you will end up positive if you just hodl."

Some have blamed President Donald Trump (Alex Wong/Getty Images)
Some have blamed President Donald Trump (Alex Wong/Getty Images)

The Redditor added: "It really is just that simple. Go buy this dip on the way down. Expect immediate losses and long term gains. Ive bought the top so many times, including this one! Just hodl for a long time and it'll feel like you got in cheap."

According to the experts at Deutsche Bank, the dip was 'triggered by' President Donald Trump revealing his decision to nominate Kevin Warsh as the next Federal Reserve chair, who has been known to want to put into place higher real interest rates and a decrease in the federal balance sheet.

For crypto users, this is a potential financial risk.

Joshua Chu, co-chair of the Hong Kong Web3 Association, believes there’s also another layer to it and told Reuters that people weren't smart with their money, leading things to go bust.

He said: "Those who bet too big, borrowed too much or assumed prices only go up are now finding out the hard way what real market volatility and risk management look like."

Cryptocurrency investments are highly volatile and involve significant risk, and those looking to invest should only commit funds they can afford to lose. For free, nonprofit financial counseling in the US, visit the National Foundation for Credit Counseling (NFCC) at nfcc.org.

Featured Image Credit: Dan Kitwood/Getty Images

Topics: Bitcoin, Cryptocurrency, Money, Donald Trump, US News

Britt Jones
Britt Jones

Advert

Advert

Advert

Choose your content:

29 mins ago
an hour ago
  • Yuan Tian/NurPhoto via Getty Images
    29 mins ago

    Winter Olympics skater speaks out on ‘Minionsgate’ controversy after being cleared to perform

    The Spanish figure skater has delighted fans with the update

    News
  • Getty Images/Jeff Kravitz
    an hour ago

    Billie Eilish's brother Finneas responds after native tribe comments on her 'stolen land' Grammys speech

    The Grammy Award-winning songstress has faced some backlash for her anti-ICE remarks

    Celebrity
  • Michael Nagle/Bloomberg via Getty Images
    an hour ago

    Extreme cold warning issued to 100 million Americans in multiple states ahead of ‘coldest air of winter’ yet

    Impacted states will see gusty gales and possibly more snow

    News
  • Peter Dazeley/Getty
    an hour ago

    Doctors issue serious health warning over life-changing side effect from weight-loss drugs

    The side effect is serious, but affects a very small number of patients who take the medication

    News
  • Everyone is furious after seeing what the inside of the world’s largest Bitcoin mine looks like
  • Snoop Dogg responds after fans criticized his decision to perform at Trump's 'Crypto Ball'
  • Jeffrey Epstein's net worth and exactly how he made his fortune as disturbing new photos of private island revealed
  • Trump's would be assassin's explicit final internet search revealed