Topic: If you lost money on Bitcoin you either bought in the red or you didn't hodl - page 3. (Read 624 times)

Generation after generation, everything is changing.

The technology is evolving rapidly that is why people are changing right now in terms of investment too. I'm not into trading but I'm holding Bitcoin at this moment. I don't want to trade anymore because of the stress. In holding less reward but less stress. If you bought in the red and lost your money, just hold it for the long term since it is just a paper loss unless you can't bear the losses  you have then you can cut losses.

I don't have gold now since I'm invested into Bitcoin and for sure my kids in the future will own Bitcoin too and maybe Gold.

I agree, that's why I believed that trading, specially crypto is not for everyone. The market is very unstable and volatile, and if you don't know how to play sooner or later you will suffer that big loss. Used crypto specially bitcoin as store of value then you are all set.

Just hold and mentally prepared not to panic though if you see the price declining, long for the long haul. And I'm sure you'll be happy when bitcoin reaches another all time high in the next two years.

@OP, Bitcoin is as volatile as with any other cryptocurrency, so even if you didn't "buy it in the red", you could also loose money if you sell it at a lower price than your acquisition cost - this in turn is the idea behind long term hodling in the hope that BTC's price will reach new ATH.

Im lucky i didn't buy at the red when the price reached to 20k dollars because everyone was so optimistic that it might reach to 100k USD which is very bad and might indicate of a pullback, and it did.
There's also another article that's interesting called stock to flow ratio. It displays the 4year cycle of Bitcoin and interesting prediction about BTC possibly reaching 9,000,000 million.

It's just consider paper loss yet if the price drop and didn't sells it, but if they bought in a too price high or peak of BTC in 2017 it will took time before they wil be able to get profit or recover, if they have long patience and set it to be used as their retirement savings then it still consider as an investment, but they can still withdraw and considers to stop loss anytime if they are impatient or in need of money. I bought some btc before the price pump and also add some more when the price at peak before and  just decide to convert when the price stated to fall or perhaps it falls already since it's only few profit I gained those newbie days. I learned my lesson and considers it as a good experience to study trading well.

You'll never lost money on bitcoin if you go for long term hold, of course you need to hold and wait for the right time to sell.

Usually if we do hodl we aim for a higher price, so it means a long term hold and while holding we have to believe that the market will improve in the long run and that massive adoption will be achieve.

It's risky but if you trust bitcoin to gain massive adoption in the future, that would make you feel relax and confident while holding, you won't even bother checking the price from time to time as you know how volatile the market is, what you will have to check are the good news and on how it would affect the future of bitcoin.

Wow, lots of sources that we must-read. But this is also important in order to get knowledge and also experiences from all of the articles.

About this:
It really offers a different though and also a consideration for each generation. Personally, I am in the second generation, as what you do right now, owning BTC and also gold. These two are really worthy to hold. Although many people say about comparing the two, I personally never have a problem with these two. As long as they are worthy, however, of course, it is also important to analyze the future of the two along the way.

When we bought BTC at a high price and then the rate is falling down, what should better do? It is a very common condition faced in the Bitcoin market because of its volatility. It is still a good thing if we are a daily trader where we have known the pattern of the BTC price and have gained more profits before reaching to buy the BTC at the highest price before falling down. However, how if we bought for long term and it is at a high price? It is very risky. But, if you are a long-term holder, prefer to hold them until the day it passes the rate.
However, sometimes, we need money at a certain moment. This will lead us to take the risks and sell the BTC whatever the condition. This is the risk.

Bitcoin gives money to those who have the bitcoin spirit and vision. Not many people bought during the deep of 2018 and 2019 and those who bought to hodl are now smiling. Is about passion for what you believe in.

Very interesting post! Those who are interested to learn in bitcoin or cryptocurrency can get a lot of knowledge through different articles  that you worked hard for in your post.
All i know,you lost money if you sell it in a lower price. But as long as you hold it, you still do not lose if you wait for the price to rise before you sell

While generational change can also be a reason to the advancement of bitcoin in certain fronts, I still think that it has minimal effects. I guess due to it being easier to procure and to sign up for is what pushed it to be more appealing to the younger generation, since most of them are just beginning to learn the ropes of investing and other financial stuff that they will have to learn as they grow old. Compare signing up to a crypto exchange on getting signed up for a stocks broker or gold and you'll see that it's easier to accomplish the former than the later. Also, traditional assets demand too much from the investor/trader, usually taking most of your time to check when to get out and when to get in while bitcoin and crypto offers the liberty of 'hodling' and still get some profit even by just letting your coins idle for a long time.

That is an informative topic and would really help lots of new users in the forum and that includes people like me who still want to take on trading. Trading Bitcoin on the green would not always result in something good because the price is already high. I would like to buy in the red even though it has the possibility on going lower but it also has the opportunity to get back into a green line which will be a glad sight to most users. HODLing is really an effective method since they can just stock up the Bitcoins that they are HODLing.

this is a gradual process, here in my country, the majority still hold gold while some few percent are btc holder and the number keeps increasing daily, sooner people from different countries will realise the importance of holding even a small amount of btc, this is the future digital currency there is no denying that.

Just buy and forget, leave the trading to the risk takers. Not only your wealth will be preserved, but if you compare it to keeping it in fiat, you will no doubt feel that it "grew"  (more like fiat is losing value every day).

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

Firstly I would like to say that you actually did a lot of work to assemble this article and hats off to that .

Now let's talk about the topic , the thing is I once heard some person say , you don't loose money 💰, until and unless you don't cash out...

This is something that did stop me from selling my Bitcoins for the longest time (but alas family needs comes first) , then again Whosoever does have a lot of money to invest, you have to actually hold onto your Bitcoins since , everyday we are seeing advancements in the technology concerned with Bitcoins , every country is now accepting Bitcoins and integrating Bitcoins in their economy more stronger everyday .

Countries who are not willing to give Bitcoins a good time , they also have started giving it a second option because there are already millions of users being left behind even if one country decided to ban Bitcoins.

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. It really depends on what the person prefers to have, not because they are born during the trend of bitcoin or gold, it will really depend on how well they understand the things about these two. I'd rather call it 'addition' than transition, sounds better to me.

The shift has being significant and we as well had moved from investing in such asset to crypto and future generation will surely invest in such digital currency. Bitcoin being one of the very prominent coins so the returns are also much better and should be buying it. It can make people millionaire in future if it continues to do better in coming time as well.

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



This is very relaxing for me tbh, this market, keep growing and growing.


Steve Wozniak suing Youtube for failing to crack down on Bitcoin scams using his image


In 2009 Lily Allen turned down 200,000 Bitcoin in return for playing a concert in Second Life - now they would be worth $1.8 BILLION


This tweet of Mark Ross



The Second-Largest Bitcoin Whale in Existence Moves Staggering $1,146,000,000 in BTC


South Korean Highways Will Have Blockchain-Powered Toll Payments


Americans are “pouring” cash, stimulus checks into Bitcoin and gold


Earn Crypto by gaming - a beginners guide to Angry Warlord


Crypto Trading Bots: Beginner's Guide


Crypto Wallet Backup: Beginner's Guide


short info about all the coins and Blockchain Assets.


Blockchain PR The Definitive Guide 2020


Noob friendly guide on how to verify the message about Craig Wright XD


Percentage Based Crypto Portfolio Template


Everything about BTC miming


Cryptocurrency Security Guide For Beginners

Ok, those are my favorite crypto-related content I encounter in the last few months if you have something you want me to add feel free to comment or pm me and I will add it, enjoy:)