Topic: If you lost money on Bitcoin you either bought in the red or you didn't hodl - page 2. (Read 624 times)

This was pretty much impressive for the OP have exerted much effort gathering essential news articles and information that can be useful for the ones who will read it entirely. Honestly, I just read few of those articles for I have put into focus the subject of this discussion thread which is if you lost money in Bitcoin is there might be some mistake you have done putting you into such situation. Well, it is right that buying at wrong time might get you to encounter having loss of money in Bitcoin but we are in a volatile market so it is an important thing to always take observance on how the price behaves supported by facts from news articles to help you decide if the time is just right to caught up the right opportunity of buying and selling your Bitcoins.

When it comes to holding, we cannot partly state that we are sharing the same situation because we have different reasons why we tend to pull off our holdings for better usage but as much as possible if we could hold back, better do hold while you can for Bitcoin do always recovers after great loss and you would just be surprised by it. The only way you could lost money in Bitcoin if you have mistakenly assess the situation and do impulsive decisions making you loose the opportunity and that would make you lost money not just with Bitcoin but with other cryptocurrencies as well.

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.

That what we call greed investment.. Me myself on most part playing safe with all others kind of cryptos. i will sell when i think to sell even tough it still can get up. For me is enough with a profits rather then a lose so to be a hodler you need to think this deep.. How much you afford to lose if you losing money.. and how much will you take if it in profits? The answer inside yourself.. To be greed or not.

no he doesnt wait for the highest price because he dont hodl verry long .  

only those who are legit long term investor are the one that can experience the highest possible price btc can get but most of them do also miss the best oppurtunity due to over hold.  we can lost not only by bad timing or lack of patience but also because of getting scammed and hacked

Digital currency is the future, full stop. The only finance in the future will be anything else but fiat. Fiat has let too many people down; too much corruption, too much injustice.

The green shift we witness today with BTC is spreading across the entire crypto sector which is fantastic news. Future generations will be far better off than we currently are as the potential of digital currency is huge, not only financially but technologically too which in turn leaves plenty of room for massive health improvements. I'm talking technology+human -> the newer, better version of humans - transhumanism!

To get back your loss in cryptocurrency, you should hold till the price is back to it's original price. Now the price of Eth reduced to 404$ from 440$.Many traders may had brought Eth, when the price is around 440$. It's seems 36$ loss in their wallet, but it's not so.Untill he sell their holding Eth at today price. If he hold their Eth till the price back to 440$, he won't lose his money. This is hidden secret in this crypto trading.

There are lot of people in here that uses bitcoin in day trading because it is the most volatile coin in the market where they can easily lose or gain profit. Day trading in altcoins is less profitable when doing it with bitcoin especially in coins that is less popular than ETH, XRP, etc.

Because others are afraid of being left behind, and for the count, when you do buy and sell bitcoin you can maximize on gaining from it rather than safely holding it.

Other people tend to have a weak mind in this industry, bitcoin is very controversial currency coz it is decentralized it is still possible to get back to 0 if people in the network cut it off.
Some people are selling to avoid more losses especially when they badly need the money, can't blame them for that.

The return is coming slowly but surely. as you can see the price in the market has not been decreasing recently, rather it's increasing nowadays. Now it's up to you guys whether you will have a courage to invest in this kind of situation. What I mean is, we might be hitting some new ATH here whether there will be another good news or not. the market seems don't really care, it keeps increasing recently and so as the ETH by the way.

I don't know how many of people here uses Bitcoin to take risk in Day trading but what i believe is they usually buy altcoin compared to Bitcoin.

and why need to rush for Bitcoin since this proven to have gaining price eventually every after falling?

i would rather buy and forget than checking the market each day to see what is happening to your Bitcoin.
Currency will stay fair until we decide to sell off,so why sell when you know that your at lose?when we can wait for some time to recover again and then we can sell in profit?

Thats true, if the price didnt reach or surpass the amount you bought your bitcoin then you're losing it even you didnt sell. However the good thing about holding is there's a chance to recover/take profit if you keep holding until the price soar high.

Thats why it takes a lot of patience in order to gain profit. If you engage yourself at times the market are in bearish status then there's a high chance to earn once the market recover.

The tweet from Mark Moss is kinda wrong.Why won't his children never buy gold?Will gold disappear after 20 years or something? Gold would still be the most valuable asset after a century,It would be nice if Bitcoin reached the level of popularity and trust that gold has,but we have to bear in mind that Bitcoin might disappear or change drastically in the upcoming 10,20 or 100 years,while gold will never change.
Pretty nice chart,but we heading towards another ATH and many people will buy at the peak,without realizing that there will be another price crash and bearish market.

actually most people lose money because of their naivete and panic sells not just because of buying at those small time frames or not because of not holding. for example they could have bought bitcoin at $9500 and panic sold at $9100 just because someone FUDed them into thinking $6k is next and then price jumps over $10k and they buy at $11100 and panic sell at $10800 just because of another FUD that tells them $6k is still coming.

Most of the buyers aren't that much patient with the bitcoin price, they see that the price is falling and when the price becomes 50% or less of what they brought bitcoin at then they panic and sell all their holdings thinking of cutting their losses, but as most of the veterans know that bitcoin always touches rhe high price again in the future if it ever falls below it, right now the price is at the high that it achieved in the whole year of 2020. So, we should be patient and the price will again reach $20k or maybe even more than that.

I don't fully agree with the statement mentioned in the post and which is also the name of the thread. In many cases, it's probably a true statement, but definitely not always. If a person bought Bitcoin when it cost $15k or more, this person did not buy in the red and could hodl for years with still being at a significant loss rate. However, one could argue that it's a matter of time and these people will also be in profit at some point (maybe even this year, seeing how Bitcoin's been doing), but since we cannot know for sure, it's not a good argument. And those saying 'you don't lose if you don't cash out' should keep in mind that you don't win is you don't cash out either.
As for the articles, they don't justify this claim, and some of them are interesting.

Those who bought at the red were those at disadvantage for now. This is because ever since then, the rise in price has not reached such a high price again. Until the price reaches high time high, these group of people will still be in loss. However, from the chart you have posted, it is certain that the price of bitcoin will one day be higher than the previous peak rise which is more reason why we should keep on holding. The ability of individual to be perseverance will determine this.

I like your topic and all the informations that you bought here, you even provide a graph. Common mistakes of investors are buying assets at the red point or the ATH of a certain currency, once
the price will start to fall again then the investors will automatically lost some of their investment if they will decide to sell their assets to stop their losses.

And for the long term holder, I really salute them as there are investors who were able to patiently hold their assets for several year and they will just dispose their assets once they can sense that
their assets are in the new ATH. Mark Moss tweet is very interesting as it is pointing forward to the future generations where bitcoin will be more valuable compare to golds.

The price of Bitcoin has already reached around $20,000, so if you bought BTC at that price down to $13,000 you are still losing even if you're still hodling until now.

You are also losing if instead of just hodling you tried to play with it on exchanges. Ironic as it may seem, trading may actually be one of the easy ways to lose your Bitcoin.

As to Gold, I don't think it will lose value anytime soon. I don't think the next generation will lose appreciation over Gold, especially not due to Bitcoin being touted as the new Gold or the digital Gold.

Not all the time, some people who are determined to make a lot of transaction, sometimes they are the one who suffered the most. Patience and timing is always necessary and as soon as possible, don't always trade, don't always buy and sell if you are happy because it might affect your assets and decision making.

But still, it is about your prediction, it is about your critical thinking skills and good decision making that will make you successful.

Gold to Stocks to Cryptocurrencies, indeed it has evolved.

Millennials Prefer Bitcoin to Alibaba, Netflix Stock as GBTC Hits $10K

Survey Finds 27% Of Those Aged 18-34 Prefer Bitcoin Over Stocks


And it's easy to transfer our inheritance to our kids with crypto, I'm sure majority of us has plans already. And that's why holding is really good long term. Of course, if you want to sell some stash specially when we hit another all-time-high is fine, as long as you left something for the future, not just for you but for your children.

Everything is a cyclic process, and the wealth creation isn't an exception. Based on the development things change and beyond certain point once again people begin to practice the old tradition. Earlier gold too hasn't got value, little by little the demand created value for it. Later as technology grew, the gold investment turned to be a digital asset. Now complete technological change is happening with the bitcoin.

Based on the cyclic change we're experiencing the change between the generation. Hope the entire population support the wealth creation through bitcoin in the near future.