If you lost money on Bitcoin you either bought in the red or you didn't hodl

ethereumhunter

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Quote from: suryogandul on August 23, 2020, 04:26:19 PM

keep buying bitcoin, because we know that bitcoin will still exist today, even in the future the prediction of bitcoin will go up high will prove to be one big surprise, so hold bitcoin is the best option and forget about losing

Keep buying bitcoin needs more analysis because bitcoin price will not just stay at one lower price, but the price can go down and touch another lower price. So you need to analyze more when bitcoin price is down, so you can get bitcoin at a low price, even if the price is down, you can buy back again to get another low price. I remember what happen with bitcoin when the price touches the last ATH, and suddenly, the price is going down too deep for almost 3 years. People lose so much money from bitcoin, and many of them desperate to see their money reduce a lot. But right now, some of them are happy because bitcoin price can increase more than $10k, so they can recover their loss.

soulripper

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I choose to use bitcoin for my online buying cause it fast and easy to use. Mostly i change my tokens to bitcoin just a buy and sell purpose only. Im aiming at a new tokens as it more risky with a high reward then bitcoin and i dont care if bitcoin going up or down cause i know bitcoin is the king of cryptos. It will survived for a long time and will be survived even it drop hard like last year. So for hodler it was you own choices to hodl bitcoin or not. If you trust the use of bitcoin then it was not impossible that someday the government will admit the use of bitcoin to their system. When that happen you know you has being hit a jackpot.

fortunecrypto

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Quote from: hoaryal1 on August 17, 2020, 06:34:39 AM

Hello everyone, I decided to gather the most interesting article and info I encounter in the last few months, some of them are just articles, some of them are guides, and there are some photos as well. I personally found them very interesting, so I decided to share it with you. Hope you guys found something you like here

I want to start with this

If you lost money on Bitcoin you either bought in the red or you didn't hodl

I don't get it why would you lose when you bought in red or the bitcoin is a bear trend, isn't it the idea is to buy low and sell high and the best opportunity to make a profit in the future is to buy when the market is in red, I agree with people losing because they are not hodling but not because they bought when the market is in red.

Detrix

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Great stuff, kindly add something to do with DeFi. Do you think altcoins will one day pass Bitcoin dominance?

pixie85

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Quote from: AakZaki on August 24, 2020, 10:40:24 AM

Losing money on bitcoins occurs when you sell them. But when you keep holding it you still have your money. when the price of bitcoin drops is when you have to buy it again, a good bitcoin investment is done using a long-term method, because the price is very volatile, it will continue to move. To reach the new ATH bitcoin will take a long time. this will train your patience.

Not really. If something is valued in a certain way it doesn't mean it will be valued higher later.

You bought coins for 10 thousand and now the price is 1 thousand. You can't say that you haven't lost money on this investment because in the present you have less than you used to have. It doesn't mean you will not get even next month but as long as you are on the loss you are on the loss. There's no denying it.

Would you still be saying that you havben't lost anything if Bitcoin went to 100 dollars and stayed there for another 5 years?

AakZaki

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Losing money on bitcoins occurs when you sell them. But when you keep holding it you still have your money. when the price of bitcoin drops is when you have to buy it again, a good bitcoin investment is done using a long-term method, because the price is very volatile, it will continue to move. To reach the new ATH bitcoin will take a long time. this will train your patience.

john_nautica

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Quote from: ethereumhunter on August 24, 2020, 04:00:46 AM

Quote from: suryogandul on August 23, 2020, 04:26:19 PM

keep buying bitcoin, because we know that bitcoin will still exist today, even in the future the prediction of bitcoin will go up high will prove to be one big surprise, so hold bitcoin is the best option and forget about losing

Keep buying bitcoin needs more analysis because bitcoin price will not just stay at one lower price, but the price can go down and touch another lower price. So you need to analyze more when bitcoin price is down, so you can get bitcoin at a low price, even if the price is down, you can buy back again to get another low price. I remember what happen with bitcoin when the price touches the last ATH, and suddenly, the price is going down too deep for almost 3 years. People lose so much money from bitcoin, and many of them desperate to see their money reduce a lot. But right now, some of them are happy because bitcoin price can increase more than $10k, so they can recover their loss.

I agree. Every decision must be made though analysis first of the possible consequences by doing so. You have established a concrete example here and I could not agree more. I am hoping that this development would continue.

larus

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To loose money in crypto is still pretty simple. People like to buy on hights and sell on lows

witcher_sense

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Quote from: maxreish on August 23, 2020, 11:16:22 PM

And I kinda agree on that younger generations like our daughter, grandchilds will be the next generations that will highly consider bitcoin as a good investment in the future.

From bitcoin maximalist's point of view, future generations aren't going to consider bitcoin an asset to invest money in. It is simply because of the fact that bitcoin itself is money and will likely be used as money of the future to make investments in desired projects. Today, most hodlers aren't investing in bitcoin for profits, they are investing in future in which bitcoin is used as medium of exchange and unit of account. When it happens and bitcoin becomes both MoE and UoA, it will no longer be profitable, it will simply be. So, I would rephrase the statement made by OP, because if you didn't sell it and won't sell until bitcoin is recognized by future generation as common money, it doesn't matter at which price you bought bitcoin.

NavI_027

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Quote from: maxreish on August 23, 2020, 11:16:22 PM

And I kinda agree on that younger generations like our daughter, grandchilds will be the next generations that will highly consider bitcoin as a good investment in the future.

Sure they are! But the question is, how large would be the portion of the upcoming youngsters would be interested in investing? No one knows for now but I hope the number will be considered significant by that time despite of knowing the fact that teenagers/young adults are getting more addicted to leisure activities (particularly playing video games) as time goes by. That's why I really feel pity for those "Easy go lucky" kind of person. So immature Undecided

. They are just focusing on the enjoyment of life — they don't know how adulting s*cks.

Quote from: fortunecrypto on August 24, 2020, 01:17:11 AM

I don't get it why would you lose when you bought in red or the bitcoin is a bear trend

Yeah, I think OP got a misconception. I guess it supposed to be sell and not buy.

maxreish

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Makes sense. I'm actually a bitcoin long term holder.
And to be honest, bitcoin experience a curve market movement but I still did not lose much and that's a perks of being a long term holder.

And I kinda agree on that younger generations like our daughter, grandchilds will be the next generations that will highly consider bitcoin as a good investment in the future. Though gold is taking a stronger grip even in the future, but bitcoin will not be left behind and will still continue to rise in terms of advancement technology and in terms of it's value making it more special.

Shohanur

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Quote from: suryogandul on August 23, 2020, 04:26:19 PM

keep buying bitcoin, because we know that bitcoin will still exist today, even in the future the prediction of bitcoin will go up high will prove to be one big surprise, so hold bitcoin is the best option and forget about losing

Yes at this time is very good time for enter market. Buying bitcoin and holding of it will be a great news for investors. So forget about selling in this time.

suryogandul

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keep buying bitcoin, because we know that bitcoin will still exist today, even in the future the prediction of bitcoin will go up high will prove to be one big surprise, so hold bitcoin is the best option and forget about losing

Lizzie_Girl

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Uneducated people live to moan and always use bitcoins volatility as a bad thing in every single argument they make. Yet they forget fiat is weaker each day. They forget about inflation. They just look at the graph and go "oh look I lost money" meanwhile 3 months later they would have doubled their money. This is due to fiat slaves only investing to get more fiat and not because they believe in bitcoin or its value.

Becky666

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Quote from: Artemis3 on August 17, 2020, 09:55:27 AM

No such thing as a red. The only losing occurs if you sell, so don't.

Theoretically nothing like RED. Practically, there's such thing as RED, whenever the market go downtrend from the purchase point then RED has occur.

Weaker hands will always sell off their bags when the RED occur, but the stronger hands will always hold their bags. You loss because you don't hold and not because you bought from the RED zones. Holding onto your bags even at RED zones is more profitable than gold Grin

e shock u abi?

peterpanda

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All the times are not good enough for making huge profit. Sometimes we lose and it is the basic rules of crypto currency. We should buy daily at least a few amount.

pixie85

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Bitcoin is such an easy investment, pretty much like Apple, Amazon and Microsoft. If you had balls to buy and hold it for at least 2 years you made money at any given point in time.

I don't get why so many people hate on Bitcoin. You tried to play the game and the game played you. Is there even anything to complain about besides the part when you prove that you're one of the maybe 5% of Bitcoin's investors who lost money? It's like saying you failed primary school Wink

rodskee

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Quote from: MCobian on August 23, 2020, 06:23:33 AM

If the Bitcoin price decreases by 10% I will not hold the Bitcoin that I have. I will sell it, for information my every investment
always use the stop-loss feature, after my Bitcoin is sold, I will buy again at a lower price. With this strategy I managed to cover
the losses I got and was able to turn around to make a profit, even though the amount of profit was not large.

With volatilities the same strategy is still risky, the possibilities that bitcoin will continue to fall once
bears breakouts and overpower the bull.
It means that it will continue losing the value, and most of the time weak holders are not ready to
this kind of situations.
Adding the pressures and it will continue to keep losing its value, you always needs to assess in order
to balance your strategy so it will be beneficial in your trading business.

AniviaBtc

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Quote from: Sanugarid on August 17, 2020, 09:23:01 AM

The transition from gold to bitcoin is not always the case for any one on what they prefer coz these two are very different. No matter what generation you are from, if you want your money to be safe you will just go with gold. If you are brave enough for your money, you are going to inject it in the market in form of bitcoin and just watch what will happen in time.

Gold is not for people who want to earn a profit immediately, because gold is for a long term investments and most of the investors knew that, so i consider Gold as a safer asset than bitcoin. But the another difference is that, bitcoin can give you much larger profit when its price suddenly goes up due to its volatility in the market.

Bitcoin should be manipulated depending on the market situation which is really important so that it will become more profitable for you. You should really deal with the risks in order to make your investments worth it.

Assface16678

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Quote from: MCobian on August 23, 2020, 06:23:33 AM

If the Bitcoin price decreases by 10% I will not hold the Bitcoin that I have. I will sell it, for information my every investment
always use the stop-loss feature, after my Bitcoin is sold, I will buy again at a lower price. With this strategy I managed to cover
the losses I got and was able to turn around to make a profit, even though the amount of profit was not large.

The same process you do but mostly mine is just for only 5% I will buy some bitcoin and if there is another down movement I will make an investment again because this is the most efficient way to even profit even it takes a lot of time before I got my profit still profit is a profit it doesn't matter how much it is.

Still a good job for OP on bringing all of these articles this will becomes very helpful to the people who make afraid about their losses and what are the mistakes they've got.

Quote from: ?? on ??

I would like to invest in both GOLD and BTC

For me, these are the both profitable right now but if you want to make a secure market income why not go for gold but if you want to ride on the market volatile it's better good to make an investment with the use of BTC right now I can not afford the use of gold instead I have right now a small amount of BTC that will help me to make earning.

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