Unstable prices of cryptocurrency - page 3.

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Quote from: Cryptoprincess101 on December 11, 2023, 06:38:48 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?

Your Bitcoin can't go down, its the value of your Bitcoin in dollars that goes down, and the thing is you are not at lose, the problem is you invested money you aren't ready to lose on Bitcoin and that's a very bad way to be in Bitcoin.

Its possible that Bitcoin can go back down to 30k if you don't prepare for this right now you should start doing it now, money you aren't ready to see goes down you must not invest in Bitcoin.

My advice for you is that you only lose if you sell your Bitcoin, there is a high chance that we go 50k in 2024 and if you don't have some patience you will lose big time, for someone like me I am always happy about volatility on Bitcoin because its a good opportunity to buy more.

Volatility isn't dangerous to the smart investors, its opportunity for them, and those who lacks knowledge believes that going down is throwing money down the toilet.

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Quote from: Cryptoprincess101 on December 11, 2023, 06:38:48 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?

It is not possible to buy and hold bitcoin at a specific price, and the price will remain the same despite the dip after you purchase. Remember, if things were to be so, then the game of investment would not be complete. The benefit of every investment is to make profit at a specific time when there is a change in the price of the asset. Note that the value of bitcoin will remain the same; the only change is the price.

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Quote from: Baki202 on December 12, 2023, 04:26:32 AM

Quote from: SPARE on December 12, 2023, 01:46:45 AM

Cryptocurrency market is like this and the price of cryptocurrency is always up and down and this market is very dangerous so you should remember that before investing here you must accept that your value can go up and down at any time. Another thing to remember here is your holding quantity. It will not decrease, only your value will be less and more, so if you invest here, you have to invest with high risky.

And because of the ups and downs, countless people are put off investing in bitcoin because they fear losing their money, and those kinds of people aren't prepared to start making money because they don't want to lose money. At times, taking a chance could prove to be worthwhile. It's not so much how you comprehend the complete market as it is how you plan and execute. Taking a risk is the best course of action, but as they say, you should only invest what you can afford to lose. This will help you feel less affected.

Anyone who is afraid to lose is not ready to succeed in crypto because if you put fear in your mind, you can put money to invest in bitcoin. You need to remove fear from your mind and believe in yourself that you will achieve your goals in your investment journey. You need to take risk if you want to get huge profit is just that you need to be patient and leave your investment for long term. Even if the price drops, you should not sell your coin because you will lose all of your funds because the price is volatile and will most likely climb again.

What I reason in crypto, if the price drop is an advantage for people who have not started investing in bitcoin, they can invest on it because the price has dropped and later for some days the price will rise again, as for me I don't think investing in bitcoin can be a loss because if I invest on it and the price drops, I will simply leave it because I know the price will rise again and I will get my capital back and profit.

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Quote from: SPARE on December 12, 2023, 01:46:45 AM

Cryptocurrency market is like this and the price of cryptocurrency is always up and down and this market is very dangerous so you should remember that before investing here you must accept that your value can go up and down at any time.

I wouldn't call it dangerous. The volatility has always been there, and it's an integral part of the cryptocurrency scene. A rapid increase in value is also a volatile move, but people don't consider it and think about it in the same way. No one says that Bitcoin is dangerous because in the space of a few months, my purchasing power doubled. Volatility becomes an obsession only when it affects you negatively. But you have to be ready for it. OP has been a holder only for a few days. What would he do if his coins dropped 40-60% in value? Many of us have seen it in the past. @OP, you don't lose anything if you don't sell it.

Obim34

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@Cryptoprincess you need to understand the volatility attached with Bitcoin not considering it as a loss as long you do not sell them off, hold your Bitcoin as the price which you bought is definitely going to give you good profits when the bull run begins. Forget about looking at your wallet regularly as it causes unnecessary pressure and panics just you know the amount of Bitcoin you own does not decrease just the price decrease alone so their is every possibility of it recovering back, maybe even before the end of the year

Quote from: JMBitcointernational on December 12, 2023, 09:40:17 PM

While this cryptocurrencies Show Promise sometimes,Market dynamics are unpredictable.Therefore , thorough research And staying informed are crucial for navigating this dynamic landscape wisely.

This is because cryptocurrency hodling And trading involves risks And you are supposed To do proper research before making investment decisions.

You should also be aware that even with your best prediction, you might still fall victim of buying and the price dipping after you think there will definitely be an increase in the price. Bitcoin volatility is unpredictable no matter how good you are, can never be a 100% correct all the time.

Litzki1990

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You bought bitcoins because the price of bitcoins only increased but you may not have thought that the price of bitcoins will not only increase but may go down sometime. Markets never go in one direction, some times go up, some markets go down and that is the habit of the market. To catch, you bought Bitcoin at the time when the price of Bitcoin reached its highest level, hoping to make a profit, but unfortunately the price of Bitcoin is now slightly below your purchase price. There is nothing to be disheartened even if it is slightly lower than your purchase price as we have seen the market turn positive again since yesterday. Just be patient and hope the bitcoin market pleases you very soon.

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Quote from: Cryptoprincess101 on December 11, 2023, 06:38:48 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.

You didn't read the part where they said bitcoin is a high risk and volatile investment? Or you thought you will buy and the price will be going up in that manner?

The bitcoin in your wallet is the same amount you bought 1BTC=1BTC, the fluctuations and descripancy is from the price, you don't expect a price of an asset to remain in the same place forever, that's I why it's called bitcoin. The price is not stable, it can swing up or swing down depend on the condition of the market.

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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?

No! Bitcoin price fluctuations will affect the bitcoin in your wallet. If you buy bitcoin at the price of.$40k and after 3 days in your wallet, the price drop to $35k, you don't expect the price to be the same or are you going to be happy when the bitcoin price reach $100k and your wallet remain the same? It can't be the same because it's been traded everyday in the market.

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Quote from: Cryptoprincess101 on December 11, 2023, 06:38:48 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.

If you come into the market with such mindset or trajectory, you will exit the market sooner because you are more prominent to losing more money if care is not taken. If the bitcoins don’t move in the direction that you’ve envisioned it to move, you’ll end up in disappointment just like you did now.

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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?

Bitcoin is a volatile asset and a volatile asset does not work in that manner that you want your bitcoin to work. The market is always fluctuating and you can’t get an exact price everyday, it can go up and come down at anytime depending on the market conditions. If you want an asset that you want to hold and don’t get affected by the market conditions, you can go for stable coins. They don’t move and they remain the same value as they are for several time to come.

Dr.Bitcoin_Strange

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OP, there is a solution for what you seek, but the solution is a very bad idea and a big risk that could still land you in losses. Let's take, for example, that you bought $1000 worth of bitcoin when the price of one bitcoin was $44k. If you are watching the price closely and you notice that the price is dropping, you can sell off and hold back the Fiat, and if the price drops to $43k or $42k, you can rebuy, but that's just the strategy for some traders who want to make a short-term profit in Bitcoin.

If you take this approach that has been described above, there are chances that you might think that the price of Bitcoin is dropping and you rush to sell off, but the moment after you sell your holding, the price will just pump.

For the question you have asked, the answer is no, you cannot, unless you just want to swap your Bitcoin from Bitcoin/Fiat more frequently, and that's not what a real holder of Bitcoin should do.

If you want to invest in Bitcoin, then you should be prepared to hold it for a long time until you have achieved your desired profit. You don't have to look at the up and down in the price.

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Quote from: Cryptoprincess101 on December 11, 2023, 06:38:48 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?

It can't... Bitcoin by nature is volatile, with its limited supply, the supply and demand will play a big factor in the game, so you have to be aware of that as an investor. Haven't you research? I mean, if you do, you'll know that bitcoin is a highly volatile asset, hence it's considered as a high risk asset.

What you bought was already in your wallet, I suggest that you hold that and just wait for the right time to sell it, of course, sell it with a profit.

Don't invest yet, or pause it for a while, just continue educating yourself so you'll be so confident with what you are doing.

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Quote from: Cryptoprincess101 on December 11, 2023, 06:38:48 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?

While this cryptocurrencies Show Promise sometimes,Market dynamics are unpredictable.Therefore , thorough research And staying informed are crucial for navigating this dynamic landscape wisely.

This is because cryptocurrency hodling And trading involves risks And you are supposed To do proper research before making investment decisions.

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Quote from: Cryptoprincess101 on December 11, 2023, 06:38:48 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?

The November and December market to the year of halving is always up and down trend season of the market before the total rally starts. I will advise you to hold the BTC for at least 12 months if what you're looking for is short-term profit and if you have extra capital I will advise you buy more because next year market will be crazy.

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Quote from: Cryptoprincess101 on December 11, 2023, 06:38:48 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?

There are futures contracts that allow you to buy or sell Bitcoin at a specific time in the future at a specific price - but those are done through centralized platforms so you can't really own Bitcoin in your wallet that will somehow will never change its price. There are stablecoins for that - coins that are always worth $1 or at least promise to do so, but they are also more centralized when compared to Bitcoin.

sunsilk

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As you have on your title, Bitcoin is known for having unstable price and that's what we call volatility. This is a main feature of bitcoin that's not going to go away.

So, if you are concerned that you want to buy and it won't be affected by the volatility you better go ahead and use stable coins for it so it can save and retain the current market value of the Bitcoin that you've bought.

But this is hassle if you're going to do everytime you think that the market is falling. Just take it and you'll love Bitcoin's volatility.

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Quote from: Cryptoprincess101 on December 11, 2023, 06:38:48 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?

No, the value of Bitcoin in your wallet is always affected by the price change in the Bitcoin market. We all know that Bitcoin is highly volatile and the market dictates the value of Bitcoin in our wallet. Since Bitcoin is highly volatile, we will always see that the value of Bitcoin in our wallet is fluctuating.

If you are worried about your investment, you just need to have patience. Do not panic and wait for the market to surge. Bitcoin is about to enter its halving event and we all know that months after the halving event, the Bitcoin market tends to break its all-time high. If you wanted to sell at a profit then better have patience and wait for the market to get bullish and uptrend until Bitcoin records another all-time high.

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Quote from: Cryptoprincess101 on December 11, 2023, 06:38:48 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?

Hello and welcome! We're glad to see your topic. It's great that you've started the journey of buying and investing in Bitcoin. You're at the beginning of your trip, and we hope you achieve the profits you aspire to with patience and perseverance. Don't let market volatility and FUD affect you someday. Of course, Bitcoin, like any other cryptocurrency, experiences sharp market fluctuations. You bought Bitcoin at $43,943, and the price was high. When there was a correction in the price, and it dropped to $41,000, the price of the amount you bought undoubtedly decreased, but the amount of Bitcoin in your wallet remains constant. If Bitcoin rises again to the previous price level, you'll find that the price of your amount has returned to the purchase price. Don't worry at all, and always increase your amount at different low price levels and invest what you can afford to lose.

If you don't want the price of the Bitcoin you invested in to be affected if the price drops, it won't happen in Bitcoin investment unless you exchange Bitcoin into any of the stablecoins that freeze your capital from price fluctuations, as these coins are not affected by increases or decrease at all.

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Quote from: Cryptoprincess101 on December 11, 2023, 06:38:48 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?

Hmmm, let me contact Satoshi or Sir Newton or Einstien, (just kidding) Well, that's not possible because if you have a piece of BTC then the price will be the same for your piece of BTC which is for other pieces of BTC. It will automatically reflect as live price APIs are integrated into the wallets you are using to hold your BTC. I think you are new to crypto and maybe panicking or your feelings might be telling you, creating suspense in you that hey look your money is getting lower you should avoid BTC or book your capital at the current price while you can.

I don't know how much you have invested but don't panic and before investing in BTC try to learn a few things like how BTC works, and what is blockchain because trading or investing in BTC with no knowledge of it can cause you to become a prey to market sentiments which you should avoid. I have linked a topic that you should lead to know more about market sentiments.

In short, your btc price will remain the same all you can do is avoid looking at them because you are holding it, and in holding we invest our money for a longer time so you have to stop looking at the price again and again, or it will make you to take some action on which you might regret later but I hope you will not have to.

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The Bitcoin in your wallet doesn't go down, 1 Bitcoin will forever be 1 Bitcoin, it's just that the value goes down due to the frequently changing price. This is how the Bitcoin price cycle moves, there are times when you will be heartbroken due to a very drastic price drop and there are also conditions where you will immediately release it after the profit obtained has reached the target. Investing in Bitcoin requires financial and mental readiness, patience is a supporter in achieving investment goals. When you are still afraid of facing risks, it means you are not ready to invest.

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Quote from: YUriy1991 on December 11, 2023, 10:58:47 PM

If we look at its current dominance, more and more people are starting to hold on to their Bitcoins instead of spending them. Now. Never doubt this coin, this fluctuation is only temporary from its current value, it looks like it will change drastically in the future and the most important thing is that you control your own money with BTC right now. Btw, regarding a good wallet for saving, follow @OcTradism's advice and please you read carefully.

individuals are becoming more interested in bitcoin every second, and a larger percentage of individuals are holding the cryptocurrency. Many are also waiting to see what the upcoming year holds, and the market is retreating. And a lot of people won't spend their bitcoins right now, which is why I'm always shocked when I see folks in El Salvador using their cryptocurrency.
The best course of action is to become accustomed to bitcoin's natural volatility.Moreover, a magical hike will occur when you least expect it. The reality is that managing finances is an other school altogether, and security is something else to think about carefully once more.

Quote from: SPARE on December 12, 2023, 01:46:45 AM

Cryptocurrency market is like this and the price of cryptocurrency is always up and down and this market is very dangerous so you should remember that before investing here you must accept that your value can go up and down at any time. Another thing to remember here is your holding quantity. It will not decrease, only your value will be less and more, so if you invest here, you have to invest with high risky.

And because of the ups and downs, countless people are put off investing in bitcoin because they fear losing their money, and those kinds of people aren't prepared to start making money because they don't want to lose money. At times, taking a chance could prove to be worthwhile. It's not so much how you comprehend the complete market as it is how you plan and execute. Taking a risk is the best course of action, but as they say, you should only invest what you can afford to lose. This will help you feel less affected.

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Cryptocurrency market is like this and the price of cryptocurrency is always up and down and this market is very dangerous so you should remember that before investing here you must accept that your value can go up and down at any time. Another thing to remember here is your holding quantity. It will not decrease, only your value will be less and more, so if you invest here, you have to invest with high risky.

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