Topic: Unstable prices of cryptocurrency - page 4. (Read 656 times)

There is no way the price of Bitcoin will decrease down in the market and your bitcoins in your wallet will not decrease down too, because if you look at your wallet now you will discovered that the Bitcoin your bought when the price was $43,943  and now that the price has reduced to $41,564 , it show that if you sell at this current price it will cause you loss, because the Bitcoins in your wallet has decreased when the price of Bitcoin in the market decrease. I will advice you to learn more about Bitcoin before using huge amount of money to buy Bitcoin because if you don't know some of the simple things that involved in Bitcoin investment, it can lead you into the hands of scammers that will make you to expose your personal details.

He is still learning, so his mistakes are reasonable somehow.

OP, when you buy after a sharp increase in thinking that it will continue growing it is called FOMO and it is a very well known phenomenon in trading in general and in crypto in particular. Did you want to make quick gains and liquidate fast? then you were gambling rather than investing.

About your second question, the only way you can freeze the value of your BTC is selling them. You can do it for fiat or you can buy stablecoins which are pegged to USD: it is not completely safe as liquidity of stablecoins is not guaranteed, but it can be interesting if you din't want to abandon the crypto circuit.

Of course, chances are that after "freezing" the value, the price pumps and you miss the train. But again, that's because you're gambling, not investing (hodling). If you only invest what you can afford to lose, you should never be worried about short term fluctuations.

That is called volatility 105. You probably have read that bitcoin is volatile and probably it didn't make much sense to you until you actually had a Bitcoin which brings the concept of volatility to reality.

From what you said, your only bought your first bitcoin some few days ago and you shouldn't be in a serious haste to experience or getting worried about the any fluctuations you are experiencing at the moment. It's a welcome note to the ride.

Your bitcoin holdings hasn't been affected, only the value of your bitcoin. Think about it: if you bought a gold bar and the price of gold suddenly crashed, is your gold bar suddenly physically cut in half?

I see so many errors in what the OP says that I don't even know where to begin.

If you are going to invest in something, what you have to do is study it and make a reasoned decision as to why you are investing, not just buy because you think the price is going to go up. The latter is gambling, not unlike betting at the casino.

There are more volatile investments, such as Bitcoin, and the way to appease volatility is to think about the long term.

You have a lot to learn, OP.

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.

Hey OP welcome to the world of bitcoin or let me say cryptocurrency. Bitcoin price is volatile because of the variation in the demand and supply quantity. If the demand of it becomes high then the price grows and if the supply increases then it falls in price. All this volatility affects the price assigned to it but not the bitcoin it self. If you buy a certain number of bitcoin say 1 bitcoin, it will remain as 1 bitcoin in your wallet and only the price assigned to it will varies due to the demand and supply chain explained above.

Due to the volatility nature of bitcoin it is always advice to invest an amount that you can lose to avoid getting impatience with the price fall. One easy way to gain profits from bitcoin is to hold it for a very long time because the price has proven to increase as time and its adoption rates increases. So invest an amount you can afford to lose, so that it will be easy to hold on to for a long time and also use a wallet that is secure to safe your funds and not exchanges.


Electrum is yet to support IOS devices, all electrum wallets seen on iOS App Store are Fake, electrum as of now supports just the android versions on mobile devices and all OS on PCs. A wallet that is good enough to keep your funds on IOS devices is the BlueWallet.

It is worth mentioning to OP that software wallets or online wallets aren’t the best options to store your funds if it is a large amount and you’re holding for a long time. You can get a hardware wallet or airgap the device use to store the software wallet

It is a value of your bitcoin amount. The value increases or decreases with Bitcoin price but the amount of bitcoin you have in that wallet must be the same. It will only be changed if you deposit more coins to that wallet, address or if a hacker exploits that wallet and steal coins from you.

You can hold, your bitcoin amount will not be changed but the key is holding it in your non custodial wallet, don't hold it on centralized exchanges, online accounts.

Reminder: do not keep your money in online accounts
Choose a wallet to use https://bitcoin.org/en/choose-your-wallet
Like Electrum wallet (open source, non custodial, available for both Windows, iOS, MacOS, Linux and Android).
Download the wallet, verify it.
[GUIDE] How to Safely Download and Verify Electrum

Do remember that it is only the price that is changing in the market, but the amount of bitcoins you have
won't change. So let's say, you have 0.5 btc, after several months, you still have your 0.5 btc in your wallet.
I understand you bought btc hoping that it will continuously increase but it is not the reality, as we have roller coaster ride in any market
not only the btc market. But the hope of most btc holders is that one day, they will unload their stash at a much higher price,
definitely, higher than their buying price. So don't panic as it is not the end of btc, you are just experiencing the up and down movement.

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?