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Topic: Unstable prices of cryptocurrency (Read 634 times)

hero member
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God is great
December 26, 2023, 05:59:26 AM
#70
As a beginner, I bought Bitcoins few days ago when the price was $43,943 witcurrh 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 the price of Bitcoin and other altcoins were stable, then it is unlikely that the crypto currency market would interest you. It is the volatility of the price that attracts investors to Bitcoin, the price of which can increase many times. But on the way to high, the price is necessarily adjusted and you, as a Bitcoin holder, need to know this.
Volatility is what makes bitcoin a standard currency with good value,  if their no volatility in bitcoin it will just be like other currency,  it won't be solving the problems of people financially.  Volatility is what makes bitcoin to be different from the traditional currency and the volatility is what interest people buy bitcoin and invest in it with time it will yield more profits.  A currency that is not volatile like bitcoin won't be a good one for people to invest their money.

Like the traditional currency which is not volatile like bitcoin it is not a good decision to have it and stock it in the bank for a long period of time , after some period of time it can lose value, but the case of bitcoin is different as the time counts it increases in value.
hero member
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Bitcoin Casino Est. 2013
December 26, 2023, 04:59:40 AM
#69
Some people don't understand how the system works, bitcoin price must fluctuate because that's it's nature, I strong believe that this unstable nature of Bitcoin price has something to do with it's continues existence, but for sure when it come to btc you don't expect any less than this character, but the truth is that I won't blame the op because he us new in the system may be with time he will adapt, in money market generally, the unsteady price is a normal thing, that's is why the business is meant for people that have patience withstand whatever wave that may come in the process.
When you already understand this system and you see there are new people who still don't understand the system and the properties of Bitcoin. That's when you should give an explanation to the person so that he can better understand the market system and the nature of fluctuations in Bitcoin prices, although over time people like the OP will also understand if they continue to learn and be patient enough to see and deal with all the situations that occur in about the market and Bitcoin.
sr. member
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DAKE.GG - CASINO AND SLOTS | UP TO 230% BONUS
December 25, 2023, 04:48:22 PM
#68
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.

Some people don't understand how the system works, bitcoin price must fluctuate because that's it's nature, I strong believe that this unstable nature of Bitcoin price has something to do with it's continues existence, but for sure when it come to btc you don't expect any less than this character, but the truth is that I won't blame the op because he us new in the system may be with time he will adapt, in money market generally, the unsteady price is a normal thing, that's is why the business is meant for people that have patience withstand whatever wave that may come in the process.
hero member
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December 24, 2023, 04:31:17 PM
#67
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?

Bitcoin is a volatile asset and it can’t be hold in that manner. If you’re looking to keeping cryptocurrency without anything happening to the price you’ve used to purchase them, then you must convert all of your hodlings to stable coins. Asides from them, any coin you buy will either move up or go down depending on how the market volatility is affecting the prices. Switching between any other coin and stable coins is what most traders do to get short term profits.
hero member
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fillippone - Winner contest Pizza 2022
December 24, 2023, 03:48:53 PM
#66
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 value of your Bitcoin will only decrease against the US dollars while the amount or number of Bitcoin you have will remain the same.
Since Bitcoin is still priced against the US dollars, this will continue. Don't get too worried or bothered about the fluctuations you see in the price, for this is how the market works. Therefore, stomach the noise and focus on your target, whether it's 1 year, two years or above you won't have the price of Bitcoin still be sitting at the price you purchase today, especially now that we have a bull market ahead.
We should not expect the price of Bitcoin to be stable looking at the nature of the market. The price of Bitcoin eventually becomes stable, it would affect the market entirely and people would not be able to trade in the market the way they ought to trade. There are many things that constitutes the market if only we know what truly moves the market. Bitcoin need to be unstable so that people will be able to trade it. If we don't trade Bitcoin, the price would not be able to go bullish like we ought to. Since we have stable coins that are stable, then we can trade it against Bitcoin coin for us to make profits from the market.
hero member
Activity: 966
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December 24, 2023, 11:17:49 AM
#65
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 value of your Bitcoin will only decrease against the US dollars while the amount or number of Bitcoin you have will remain the same.
Since Bitcoin is still priced against the US dollars, this will continue. Don't get too worried or bothered about the fluctuations you see in the price, for this is how the market works. Therefore, stomach the noise and focus on your target, whether it's 1 year, two years or above you won't have the price of Bitcoin still be sitting at the price you purchase today, especially now that we have a bull market ahead.
hero member
Activity: 840
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December 24, 2023, 06:59:42 AM
#64

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.

The Bitcoin price is not stable; it is always fluctuating, and that is the reason why the price keeps changing, which is caused by demand, so the more people buying it, the higher the price will keep increasing, and if possible, they are not demanding but selling, that is how the Bitcoin price will be going down, and that was the reason why before you bought your Bitcoin it, the price was increasing. The unstable price of Bitcoin is what makes it an investment; if the price is stable, it wouldn't be called an investment, and people like demanding it that much.

Op I believe you should have know all these little things about Bitcoin before you invest in it or cryptocurrency. It is never a good idea to just invest in something that you don't have good knowledge all about because, in the process, you can easily get confused and likely follow the wrong direction, and with that you lose all your capital. Any investment is sweet if someone is knowledgeable about it.
hero member
Activity: 2520
Merit: 783
December 23, 2023, 06:45:49 PM
#63
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 the price of Bitcoin and other altcoins were stable, then it is unlikely that the crypto currency market would interest you. It is the volatility of the price that attracts investors to Bitcoin, the price of which can increase many times. But on the way to high, the price is necessarily adjusted and you, as a Bitcoin holder, need to know this.

Some think that if the price of bitcoin or alt is stable then its good for the whole crypto market but they don't realize that they lose an ability to earn with that and might they ignore bitcoin since for sure they would think about fiat is more better than this coin. We know how risky its volatility that's why we need to undergo a lot of research and experience so that we can deal with those risk and also there's a lot of crypto we can enjoy in this condition so we need to be aware on each movement or even follow the news so that we can possibly enjoy trading these coins. Research is only the important thing what people do so that they can gain a lot of knowledge and for sure they would love to see those pump and dump movement happened in the market.
legendary
Activity: 2268
Merit: 1655
To the Moon
December 23, 2023, 05:42:03 PM
#62
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 the price of Bitcoin and other altcoins were stable, then it is unlikely that the crypto currency market would interest you. It is the volatility of the price that attracts investors to Bitcoin, the price of which can increase many times. But on the way to high, the price is necessarily adjusted and you, as a Bitcoin holder, need to know this.
hero member
Activity: 1484
Merit: 928
December 23, 2023, 02:38:27 PM
#61
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.
Maybe you don't remember the amount of bitcoin that you bought. If you purchase bitcoin, no matter how dip the market goes, what will be affected is the value of the bitcoin that you bought. The amount that you used to accumulate bitcoin will be the only thing dropping, and the number of bitcoins that you are holding will remain the same. If you are holding 1 bitcoin, no matter how bitcoin dumps or pumps, your 1 bitcoin will always be 1 bitcoin, it's not going to increase or decrease.

If you notice that the bitcoin that you are holding is dropping, then I will recommend you change where the bitcoin is being stored. Maybe someone already has access to where you store your bitcoin, and you don't know, it might be the person who is stealing from your bitcoin. So just notice the amount of bitcoin, if there is a deduction in the bitcoin, then change where it's stored.

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.
I think you don't really understand the OP. The OP is claiming that there is a deduction in his bitcoin and not the value. Even if there is fluctuation, the only thing that will fluctuate is the value of the bitcoin and not the amount of bitcoin in the wallet, so I guess the OP didn't really know the amount of bitcoin stored in the wallet, or maybe someone is taking from the bitcoin in the wallet, or maybe the op means the value of bitcoin is dropping and not the bitcoin.
sr. member
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Buzz App - Spin wheel, farm rewards
December 23, 2023, 11:13:16 AM
#60
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.

Looks like it will happen. I saw that the market has just started to reverse the price back up, if the highest price some time ago is exceeded again, it will be very certain that what you said will most likely happen, it's just a matter of being tempted or not for those who are patient and have been holding their BTC from being sold. why is that because this is also the New Year moment and many people will take time off to go on holiday with their families. Yes. 8 more days left for December and after that 2024 will come.
legendary
Activity: 1050
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December 22, 2023, 03:09:52 PM
#59
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 problem you have is that you read nothing about Bitcoin before buying. You saw Bitcoin as a get-rich-quick scheme which is why you think you could buy Bitcoin and sell it in a few days making so much profit. Another mistake you have made is that you bought Bitcoin during the pre-bull run when the price was already high.

I have two pieces of advice for you, the first one is that you need to invest time to read about Bitcoin. Information in this forum will be valuable if you want to do research. The next one is that you have to be patient if you claim to be a long-term investor. The price will keep going up and down until you get to your targeted loss or profit. You will make a profit if you are able to overcome FUD and sell above your buying price. But if you become scared, you might be tempted to sell below the buying price which leads to a loss.
hero member
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Merit: 564
December 22, 2023, 03:05:52 PM
#58

There's a designated time to buy and HODL; that's the DIP..  it's advisable as that'll augment the VALUE, not the QUANTITY... Take note. You said it already that the price of cryptocurrencies are unstable,... Are you supposed to jump into the market like that??  that's why you ought to learn and develop yourself first..

Sandra 🧑‍🦰

Kinda baffled in this last sentence of yours @sandra, I wonder what is the relation of developing one self to the fluctuating price of cryptocurrency?  I bet none..? 

Anyway, @OP is just new to the crypto scene and was hyped to buy when Bitcoin is surging and when the price plummet @OP is somehow worried that his investment will suffer losses.  That is natural especially when the investor have shallow understanding of what he is invested with.  I would like to suggest @OP to keep on holding your Bitcoin while you are learning things about the Bitcoin market.

Since Bitcoin is for long term hodl, I bet you will have ample time @OP to understand what kind of investment you get yourself into and as you learned you will start to believe that you have not wasted your money investing in Bitcoin.
hero member
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Goodnight, ohh Leo!!! 🦅
December 22, 2023, 02:50:09 PM
#57
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 quickly bought Bitcoin because the price was increasing day by day... Is that what you call HODLing?? How do you expect an increment in your coin with the little movement and price action, considering the volatility and everything??..

There's a designated time to buy and HODL; that's the DIP..  it's advisable as that'll augment the VALUE, not the QUANTITY... Take note. You said it already that the price of cryptocurrencies are unstable,... Are you supposed to jump into the market like that??  that's why you ought to learn and develop yourself first..

Sandra 🧑‍🦰
sr. member
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December 22, 2023, 02:28:35 AM
#56
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.


This is the reality of cryptocurrency in general, the amount of the crypto that you have remains what it is, only the value fluctuates accordingly to the supply and demand in the crypto market. I hope that the OP has a better understanding of how Bitcoin works, the value increases when it's price pumps, likewise when there's price dump it's value decreases. So to be on the safer side let him consider to hold his Bitcoin on a long term basis, because despite how it's price fluctuates, in the long run it's always more valuable, so leave it throughout bear run and sale during bull run. Bitcoin is a valuable digital asset and a very good option for anybody that wants to invest their money.
hero member
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God is great
December 21, 2023, 05:07:24 AM
#55
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 need to understand that the price of bitcoin is volatile and you can only make profit from Bitcoin,  if only you can hodl. You can't predict bitcoin to make profit at your own of wish. Do not be worried of the dip you see when you have bitcoin in your wallet. The dip won't remain forever, the dip is also an opportunity for other people to buy bitcoin too. Do not get panic of the dip,  it just the nature of Bitcoin.  You just need to exercise patience to hodl bitcoin,  without patience it will be impossible for you to hodl bitcoin,  don't be distracted of dips, when you keep on hodling even with the dip their is no lose that has occur, but when you sell in panic because of the dip you will be at lose.
sr. member
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Rollbit.com
December 21, 2023, 03:53:28 AM
#54
Bitcoin's price has a fluctuating nature, of course for beginners there will be a little disappointment, but that's normal for beginners because they may not be experienced and don't have much insight, but for those who have known Bitcoin for longer and have extensive knowledge, of course there will be no panic when they see it. BTC price goes down. op, the price of BTC is always fluctuating and the price of BTC is always going up and down, but of course the number of BTC will not decrease. The fluctuating price of BTC certainly has a positive impact on those who can make good use of it. I think holding BTC is certainly the best way and only selling when there is a profit. Op, don't panic about BTC because BTC is the safest crypto, but of course investing in BTC is very risky, and only money that is ready to be lost is worth putting in BTC. and use a secure wallet so that your assets are kept safe like a hardware wallet.
hero member
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December 20, 2023, 09:45:04 PM
#53
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 price of Bitcoin is unstable and that answer your question if you can hold at specific price. This is one of the reason why people are engaging themselves in Bitcoin, due to high volatility and a chance to gain huge if you're patient to wait.

Keep in mind that your Bitcoin is still intact and only its price is changing. That's why long term hodlers doesn't concern themselves even the price is plunging since they plan to hold for long time. It is actually the suitable strategy if you want to maximize your profit. Nevertheless, take time to learn to become aware of what an investor should know before investing.
sr. member
Activity: 420
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December 20, 2023, 09:11:38 PM
#52
OP Inasmuch as currencies not only cryptocurrencies are concerned, there is absolutely no way the prices can be stable, there will always be fluctuation in their prices due to the competition they face in the capital market. So the unstable prices of crypto currencies will always continue but the value of the assets that is being purchased doesn't change so don't be afraid of their fluctuations as your assets are still intact, your concern should be on acquiring more of it regardless of their current prices.
legendary
Activity: 2268
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Fully Regulated Crypto Casino
December 19, 2023, 09:57:28 PM
#51
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 I dont think thats even possible. You mean to say to stuck at the price of purchase? Its a volatile asset and it will tend to go up and down in the long run. If you want something that dont move then buy stablecoin usdt or udsc. This might change in value but not really moving far from the price. Probably you are confuse about it. When you bought at 43k and it go down, you expect it to go up only and wont touch your entry and just sell at high? This isnt gonna make sense. Learn how crypto works best first mate before purchasing a lot of different asset.
full member
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Epsiloan Protocol
December 19, 2023, 06:49:02 PM
#50
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.
sr. member
Activity: 714
Merit: 347
December 19, 2023, 02:02:43 AM
#49
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.
hero member
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December 18, 2023, 11:25:03 AM
#48
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.
hero member
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December 18, 2023, 08:48:21 AM
#47
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.

hero member
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December 18, 2023, 06:53:31 AM
#46
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.

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.


sr. member
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win lambo...
December 18, 2023, 06:22:10 AM
#45
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.
hero member
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Bitcoin Casino Est. 2013
December 18, 2023, 04:48:22 AM
#44
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.
hero member
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★Bitvest.io★ Play Plinko or Invest!
December 18, 2023, 03:41:54 AM
#43
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.
newbie
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December 18, 2023, 02:53:44 AM
#42
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.
hero member
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fillippone - Winner contest Pizza 2022
December 18, 2023, 01:25:30 AM
#41
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.
hero member
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December 17, 2023, 05:33:34 PM
#40
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
legendary
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December 17, 2023, 05:07:57 PM
#39
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.
full member
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December 17, 2023, 04:40:29 PM
#38
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
sr. member
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December 17, 2023, 01:38:46 PM
#37
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.
hero member
Activity: 952
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December 17, 2023, 09:47:51 AM
#36
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.
legendary
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December 17, 2023, 05:40:58 AM
#35
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.

hero member
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December 16, 2023, 03:58:11 PM
#34
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.
hero member
Activity: 952
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December 16, 2023, 03:05:49 PM
#33
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.
sr. member
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December 16, 2023, 01:04:12 PM
#32
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.
sr. member
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December 16, 2023, 08:20:30 AM
#31
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.

sr. member
Activity: 686
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December 16, 2023, 08:02:58 AM
#30
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.
newbie
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December 16, 2023, 07:24:32 AM
#29

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.
full member
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December 16, 2023, 05:40:48 AM
#28
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.
legendary
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December 16, 2023, 03:10:14 AM
#27
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.
sr. member
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December 16, 2023, 02:34:41 AM
#26
@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

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.

sr. member
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December 14, 2023, 10:06:16 AM
#25
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.
sr. member
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December 14, 2023, 09:30:05 AM
#24
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.

Quote
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.
sr. member
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December 13, 2023, 06:11:55 PM
#23
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.

Quote
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.
hero member
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December 13, 2023, 05:43:15 PM
#22
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.
legendary
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December 12, 2023, 09:45:17 PM
#21

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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December 12, 2023, 09:40:17 PM
#20
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.
hero member
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December 12, 2023, 06:59:31 PM
#19
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.
legendary
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December 12, 2023, 06:50:06 PM
#18

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.
hero member
Activity: 3038
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December 12, 2023, 06:47:37 PM
#17
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.
legendary
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December 12, 2023, 06:27:00 PM
#16
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.
legendary
Activity: 1890
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December 12, 2023, 03:54:47 PM
#15
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.
hero member
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December 12, 2023, 11:37:04 AM
#14
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.
sr. member
Activity: 1316
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December 12, 2023, 11:05:01 AM
#13
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.
full member
Activity: 490
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December 12, 2023, 04:26:32 AM
#12
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.

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.
jr. member
Activity: 77
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December 12, 2023, 01:46:45 AM
#11
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.
full member
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December 12, 2023, 01:24:59 AM
#10
Quote from: Cryptoprincess101
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 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.
legendary
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December 12, 2023, 01:11:15 AM
#9
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.

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.
full member
Activity: 462
Merit: 196
December 12, 2023, 01:03:48 AM
#8
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?
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.
mk4
legendary
Activity: 2870
Merit: 3873
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December 12, 2023, 12:26:11 AM
#7
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 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?
legendary
Activity: 1372
Merit: 2017
December 11, 2023, 11:15:52 PM
#6
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.
sr. member
Activity: 882
Merit: 215
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December 11, 2023, 10:58:47 PM
#5
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.
hero member
Activity: 868
Merit: 952
December 11, 2023, 10:55:35 PM
#4
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?

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.

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

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
hero member
Activity: 1722
Merit: 801
December 11, 2023, 09:32:47 PM
#3
now that the price is dipping I now found out that the Bitcoins in my wallet is also going down.
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.

Quote
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 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
hero member
Activity: 2744
Merit: 588
December 11, 2023, 06:42:55 PM
#2
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.
full member
Activity: 266
Merit: 120
December 11, 2023, 06:38:48 PM
#1
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?
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