Unstable prices of cryptocurrency - page 2.

odunybiz

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Quote from: Cryptoprincess101 on December 11, 2023, 07:38:48 PM

As a beginner, I bought Bitcoins few days ago when the price was $43,943 with the hope that since the price has been increasing rapidly, that it will continue to increase but now that the price is dipping I now found out that the Bitcoins in my wallet is also going down.

So my question is that can't it be possible for someone to buy bitcoins and hodl it at a specific price such that even if the price dips it won't affect the Bitcoins you have hodl in your wallet?

Why have you invested in BTC? If I'm right, you really invested to make profit. Remember, profit can't be made with a stable price. Although you were expecting an increase in price that was why you were shocked by the decrease in price. That's cryptocurrency for you, today it may be dip, tomorrow it may go up. Your BTC value never reduce just that the price of BTC has decrease. So hold you BTC with patience for profit in future.

HajiBagi

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Quote from: Cryptoprincess101 on December 11, 2023, 07:38:48 PM

As a beginner, I bought Bitcoins few days ago when the price was $43,943 with the hope that since the price has been increasing rapidly, that it will continue to increase but now that the price is dipping I now found out that the Bitcoins in my wallet is also going down.

So my question is that can't it be possible for someone to buy bitcoins and hodl it at a specific price such that even if the price dips it won't affect the Bitcoins you have hodl in your wallet?

Smile, you are comfused mate, and it is very good to ask because anything that you don't understand you have to ask question, as far as you bought your bitcoin and no one have access to your wallet nothing happens to your bitcoin, is the price that make your bitcoin go down when the price move up you will see that the bitcoin will rise up more than before and it will be like a surprising to you, that is the nature of bitcoin bro and I believe you will not regret investing in it because you sound like someone who is about to lose his bitcoin.

And also the reason why you are surprised about the the bitcoin going down is because you haven't experience that before and I think now you will understand more, so next time before you invest in bitcoin make sure you know it very well please don't come and give yourself a heart attack because the shock of losing something big like bitcoin can easily give someone heart attack and die, don't worry bro take care of your investment and you will enjoy it, smile.

doomloop

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Quote from: Cryptoprincess101 on December 11, 2023, 07:38:48 PM

As a beginner, I bought Bitcoins few days ago when the price was $43,943 with the hope that since the price has been increasing rapidly, that it will continue to increase but now that the price is dipping I now found out that the Bitcoins in my wallet is also going down.

So my question is that can't it be possible for someone to buy bitcoins and hodl it at a specific price such that even if the price dips it won't affect the Bitcoins you have hodl in your wallet?

I don't see anything confusing in that and what you do not understand about how a price change works. You bought Bitcoin because you were expecting its price to increase so that you can earn profit which means you know that the value of your Bitcoins increases when its price increases, so what do you think would happen if the price drops? It's a simple thing, the amount of Bitcoins you have doesn't change but the value of your Bitcoins changes based on its price.

Consider Bitcoin like any other thing, maybe a product like a smartphone or a laptop. If a smartphone is priced at $1,000 today, and its market value changes the next month, that doesn't change anything in your mobile, but it will just change its market value which means that you won't get the same amount if you go for selling it back.

khiholangkang

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Buying at any price of bitcoin you have is the amount at the price you buy, price fluctuations are normal in an asset, including bitcoin which has fluctuations that I think are quite high, so you don't need to panic because the halving is still far away and the price is still at the $ 41k level, but for those of you who are beginners I think panicking about the value of the money in your wallet is a natural thing, but I want to remind you that you should not be afraid of losing your money in bitcoin.

If your goal is to invest for a long time then next year you will get a decent return, bitcoin still has a lot of agenda and will get mass adoption back as in previous cycles, precisely according to if the price of bitcoin drops again, then it is our opportunity to buy again at a cheaper price.

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Quote from: Cryptoprincess101 on December 11, 2023, 07:38:48 PM

As a beginner, I bought Bitcoins few days ago when the price was $43,943 with the hope that since the price has been increasing rapidly, that it will continue to increase but now that the price is dipping I now found out that the Bitcoins in my wallet is also going down.

First of all you should know that there is no guarantee tha btc will always make green candle. As a newbie to investment you don't need to check your wallet again and again to check the status of your balance. When you choosed btc then nothing to be worried about and wait for best time to book profit.

Quote from: Cryptoprincess101 on December 11, 2023, 07:38:48 PM

So my question is that can't it be possible for someone to buy bitcoins and hodl it at a specific price such that even if the price dips it won't affect the Bitcoins you have hodl in your wallet?

Your quantities of btc will remain always stable. the dump and pump you are experiencing are just because of price change. Don't worry btc will once again rise to your entry point and indeed more than this and you will then enjoy to see your wallet fund.

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Quote from: Cryptoprincess101 on December 11, 2023, 07:38:48 PM

As a beginner, I bought Bitcoins few days ago when the price was $43,943 with the hope that since the price has been increasing rapidly, that it will continue to increase but now that the price is dipping I now found out that the Bitcoins in my wallet is also going down.

So my question is that can't it be possible for someone to buy bitcoins and hodl it at a specific price such that even if the price dips it won't affect the Bitcoins you have hodl in your wallet?

Don't get confused about this OP, the amount of Bitcoin will remain the same but the value (in dollars) is the only thing it changed. If you never touch or sell them, you will never incur losses and that is why we don't just know how to buy but also we must know how to hold and are able to understand the volatility of the market. That is why stop thinking that earning a profit is instant and that what you have experienced now will tell you that you are wrong. If I were you, don't bother to check your wallet every day, let the price grow, and wait for 1 year then you can see profit that time.

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Quote from: BitHeir on December 18, 2023, 03:53:44 AM

Is Liquidity related to altcoins, not Bitcoin?

Bitcoin does not have staking pools and it only has Trading volume.
Altcoins have Proof of Stake or staking pools with their promised APYs, and they have Liquidity pools too.

Comparing Bitcoin with any altcoin, it is clear that anyone will find differences and even very special differences. A close example is Bitcoin which is able to make the market look better when its price is increasing and immediately has an influence on most of the altcoins that have been in the market for a long time. Meanwhile, altcoins cannot have such an impact on each other as well as on Bitcoin when the market is in bad conditions or when Bitcoin is experiencing a price decline, so the difference is quite clear and quite real when explored more fully.

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As long as your assets while you're holding is in bitcoin and any other cryptocurrencies that are not stable, you're bound to see the fluctuations.

Upon going on with Bitcoin, it's part of the understanding that you're investing in an asset that is very volatile so there's no escape with that unless you're the one does the maneuvers in exchanges.

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Quote from: Wakate on December 18, 2023, 02:25:30 AM

We need to understand many things about the liquidity of Bitcoin and what it can cause in the market.

Is Liquidity related to altcoins, not Bitcoin?

Bitcoin does not have staking pools and it only has Trading volume.
Altcoins have Proof of Stake or staking pools with their promised APYs, and they have Liquidity pools too.

Wakate

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Quote from: Cryptoprincess101 on December 11, 2023, 07:38:48 PM

As a beginner, I bought Bitcoins few days ago when the price was $43,943 with the hope that since the price has been increasing rapidly, that it will continue to increase but now that the price is dipping I now found out that the Bitcoins in my wallet is also going down.

So my question is that can't it be possible for someone to buy bitcoins and hodl it at a specific price such that even if the price dips it won't affect the Bitcoins you have hodl in your wallet?

Wow, what a smart question. If there is anyway people can reduce the bear momentum when they are holding Bitcoin so that the fall in price will not affect them, then no body would want to sell their Bitcoin since they will be able to hold it for a longer time without depreciating even when the market falls. Things do not work like this in the market. Since we can make profits from the market, the same way we can make loses from the market too.

We need to understand many things about the liquidity of Bitcoin and what it can cause in the market. If we are not ready to take the risks any longer then we should be ready to convert our Bitcoin to stable coins to hold for as long as possible so that when the market start going bullish we can convert it back and start preparing for more profits if the market keeps going bull.

GeorgeJohn

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Quote from: Cryptoprincess101 on December 11, 2023, 07:38:48 PM

As a beginner, I bought Bitcoins few days ago when the price was $43,943 with the hope that since the price has been increasing rapidly, that it will continue to increase but now that the price is dipping I now found out that the Bitcoins in my wallet is also going down.

So my question is that can't it be possible for someone to buy bitcoins and hodl it at a specific price such that even if the price dips it won't affect the Bitcoins you have hodl in your wallet?

You should panic whenever the price of bitcoin is dropping after you purchased bitcoin, I will like advice you as a beginner not to panic over the price been depreciate immediately you purchase, what I want to ask you is that what do have in mind to buy bitcoin, because if you bought for long-term investment you will not be curious to know when the price is dropping and that is what is putting fear in you, secondly a short investment is what will make someone to be over curious investment, but just relax bitcoin may probably increase above 41 42 and 43k

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Quote from: Cryptoprincess101 on December 11, 2023, 07:38:48 PM

So my question is that can't it be possible for someone to buy bitcoins and hodl it at a specific price such that even if the price dips it won't affect the Bitcoins you have hodl in your wallet?

How could it be? Really - you should immediately know that bitcoin and all crypto assets are volatile assets. You can't freeze the value so it stays the same once you withdraw it to your wallet - unless you have the mindset that 1 bitcoin is 1 bitcoin. Even if you turn off the internet and don't monitor prices after a few years – then price volatility still occurs. Never mind bitcoin and crypto assets - even fiat will fluctuate due to inflation.

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Quote from: Cryptoprincess101 on December 11, 2023, 07:38:48 PM

As a beginner, I bought Bitcoins few days ago when the price was $43,943 with the hope that since the price has been increasing rapidly, that it will continue to increase but now that the price is dipping I now found out that the Bitcoins in my wallet is also going down.

So my question is that can't it be possible for someone to buy bitcoins and hodl it at a specific price such that even if the price dips it won't affect the Bitcoins you have hodl in your wallet?

Before you start investing in cryptocurrencies, whether it's Bitcoin or altcoins, you should really understand what the crypto is like, what the volatility is like, what the price is and what the cycle is like. because the price of Bitcoin will always be like that, volatile, will go up easily and will also go down easily or will also go away at the same price. That's why if we have decided to invest in Bitcoin then we must be ready to hold. This holding is carried out not only for one day or two days or one month but also for certain periods so that Bitcoin can reach the target price that we expect. What is certain is don't panic and don't immediately sell at a lower price. You still have the same Bitcoin, just convert it to your local Fiat which will decrease or increase. be calm and just wait for the Bitcoin price to rise again

Crypt0Gore

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Quote from: Cryptoprincess101 on December 11, 2023, 07:38:48 PM

As a beginner, I bought Bitcoins few days ago when the price was $43,943 with the hope that since the price has been increasing rapidly, that it will continue to increase but now that the price is dipping I now found out that the Bitcoins in my wallet is also going down.

So my question is that can't it be possible for someone to buy bitcoins and hodl it at a specific price such that even if the price dips it won't affect the Bitcoins you have hodl in your wallet?

You really don't want to see your Bitcoin go down, unfortunately Bitcoin is not a stable coin like USDT, if all you want is a permanent value then sell your Bitcoin for stable coin, its like you don't know what you are doing, it shows that you haven't done good research on Bitcoin first before buying and that's a bad beginning already.

What you seek for is so unfair, you don't want to see the value go down but you want it to go up? Sorry to say but Bitcoin investment is not for someone like you, its better you find something else to do with your money, because Bitcoin can still go down.

Do not invest if you are not ready to lose money, investment is very risky, you need to so research before risking your money.

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Quote from: Cryptoprincess101 on December 11, 2023, 07:38:48 PM

As a beginner, I bought Bitcoins few days ago when the price was $43,943 with the hope that since the price has been increasing rapidly, that it will continue to increase but now that the price is dipping I now found out that the Bitcoins in my wallet is also going down.

So my question is that can't it be possible for someone to buy bitcoins and hodl it at a specific price such that even if the price dips it won't affect the Bitcoins you have hodl in your wallet?

What was the purpose of buying the bitcoin? You didn't know well that it is an asset that goes up and down value? This question is really funny and immature but perhaps you don't know what you did invested on in the first place but let me give you small education about what you bought.

Bitcoin is an asset to many just like many investments like the stocks, securities and bond, the purpose of buying them is because people believe that this assets has an intrisinct value and after some time, they appreciate in value and they can also depreciate depending on the conditions of these assets but often, many people have faith and hope for it to appreciate in value. Bitcoin is just like that but it is too volatile and the way it depreciates is the way it appreciate when the price want to change.

To answer your question, my brieft explanation should have answered your question. If you want the price to be stable and desn't want it to depriciate then you shold anticipate for it to increase as well or perhaps you should have buy stablecoin instead if you don't want to see it depreciate in value.

CryptopreneurBrainboss

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Quote from: Cryptoprincess101 on December 11, 2023, 07:38:48 PM

So my question is that can't it be possible for someone to buy bitcoins and hodl it at a specific price such that even if the price dips it won't affect the Bitcoins you have hodl in your wallet?

The Bitcoin in your wallet isn't decreasing if you notice and that's because the dip only affect the fiat value or your Bitcoin and when we don't panic and sell, we won't lose. Bitcoin price is volatile due to many factor but it never affects the quantity of Bitcoin you own. As you invest, the next thing is to hodl and that's why it's very important to only use spare funds for investment or money that you don't need urgently and can afford to lose. Instability of Bitcoin price is a common phenomenon with Bitcoin. There has been no time that the price of Bitcoin has remain stable for a minute.

Bitcoin is a currency that is been used as a store of value and investment vehicle for investors so you don't expect the price to be stagnant. We have people steadily buying and selling Bitcoin (trading) on exchanges both CEX and DEX so you can't buy Bitcoin and hold it at a specific price unless you convert your Bitcoin to stablecoins. When the price of Bitcoin dips, don't panic but use the opportunity to add to your current stash as it increases the quantity of Bitcoin you own for a lesser cost and also gives you more shares of profits to be made when Bitcoin recovers.

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Quote from: Cryptoprincess101 on December 11, 2023, 07:38:48 PM

As a beginner, I bought Bitcoins few days ago when the price was $43,943 with the hope that since the price has been increasing rapidly, that it will continue to increase but now that the price is dipping I now found out that the Bitcoins in my wallet is also going down.

So my question is that can't it be possible for someone to buy bitcoins and hodl it at a specific price such that even if the price dips it won't affect the Bitcoins you have hodl in your wallet?

If you never sell at a lower price, then you will never lose your bitcoins in your wallet. The problem is mostly newbie investors these days easily get bothered when bitcoin price drops significantly so they tend to be panic and lost their focus on their goal. However, as long as they don't resort into panic selling, their investments are safe. But not all newbies can take control of their emotions, majority still fall and end up selling at a loss.

Know that bitcoin does not follow a fixed price or stay in an upward position all the time. Bitcoin is highly volatile, so expect that it's price will never stay up or down all the time.

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Quote from: Cryptoprincess101 on December 11, 2023, 07:38:48 PM

So my question is that can't it be possible for someone to buy bitcoins and hodl it at a specific price such that even if the price dips it won't affect the Bitcoins you have hodl in your wallet?

Literally you can't, except if you make use of an external custodial organizations that may offers you such when you insure your bitcoin with them, you have to be reminded that bitcoin is a volatile cryptocurrency, it's not fix, except you convert it to a stable coin like USDT and then later back to bitcoin as you wish, yet it's either increases or decreases even at the cause of doing this process.

Samlucky O

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Bitcoin amount don't change rather the price change. When they said increase in Bitcoin price, to a newbie it seams the bitcoin also increase or fall with the price but it's not that way. Though I observed something like that on my CEX but not DEX but it's not often. The Bitcoin amount will just change a little but not much. So dont get co fused about that.

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For example, you buy Bitcoin when the price is trading at $43.943 for 1 Bitcoin, while the money you have only gets 0.025 Bitcoin. When the price falls, the Bitcoin you have does not decrease, the amount remains the same as when you bought it. So, the amount of your money decreases as the Bitcoin price falls.

Times like this require patience and mental readiness for beginners who have just entered the Bitcoin market. If you now have extra money that is not used for other needs, you can apply the DCA strategy regularly while the price is cheaper when you first make a purchase. Don't panic, Bitcoin will rise again. The new year is almost here, you will feel the benefits of the investment you made in Bitcoin.

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