Topic: WHY ANXIOUS ABOUT BITCOIN PRICE? - page 6. (Read 2186 times)
The main thing is bitcoin is volatile. And that's why it's price is continuous changes. So don't be anxious because of its current price. It will again increase after a certain time later. Just hold your bitcoin until its price going in an upward direction and after that, you can sell it at a higher price and make a good profit from it.
I would recommend telling your dad not to worry about the price now. Selling it at a lower price is not the best idea to do it that will only make your dad lose money, be patient and wait for it to boom green.
My father is anxious pertaining to the fall and rise in bitcoin price. He has four(4) btc and he is afraid to hodl. He wants to sell at a lower rate. Any advice for him?
Do not sell it for now because the price has started to increase, I guess these following days and months price of bitcoin will increase and will hit at the top of the market so better hold bitcoin for now. Bitcoin as I have observe will no longer get down in price instead it will boom soon. This is only in my own opinion but the real decision is up to yours.
I know the prices within the market are not what we are used to. But if you have AML BitCoin you need to worry much. The value of the AML Bitcoin is not determined by any government. Therefore, if any economic or financial instability occurs, AML Bitcoin users are not affected.
Advise your "old boy" to hold. Selling off now won't be a nice deal but holding for the future would be good when the bull run starts. As long as there is still time on earth, dad will certainly get value for his bitcoin. Also tell him to stop checking the price in other to achieve a calm nerves.
I think you should let your dad understand the market cap and volume of bitcoin. This will kinda let your dad get to know what actually predicts the price of bitcoin and will help clear some doubts he might have.
Now, no coin is great anymore, because almost all of them are falling sharply, if there is investment, they can choose BTC, because BTC is always the safest coin for us to head. Into this cryptographic market.
It seems that your dad didn't know exactly how the real trend flows. You should have discussed to him how volatile cryptocurrency world is. And besides, investing ung this firm must be with the purpose of a long term investments. If this is clear enough for him, he shouldn't feel anxious about it. Well, just comfort your dad by encouraging him to hold and tell that soon everything will be fine. It is also good for him to stop thinking too much about the price to avoid anxiety.
If he want to succeed in this field, he must accept that bitcoin is very flexible. Anxiety is not necessary here.
He shouldn't have invest in the first place if he was this scared or don't want to take anymore risk. Price always fluctuates just try to explain it to your father more
That's why I'm not even investing in bitcoin because it is too risky so I'm decided to hold like 0.1 btc or more so I can penetrate loss.
Paying too much attention to price has no effect. If your father intends to sell his bitcoin, then it can be sold now. There is no need to consider too much.
people are anxious about bitcoin price because it is not stable.At times, it is hugh, at times it fluctuates.That os why we need to monitor the going up ang going down of bitcoin price.
Tell him not to sell because the Bitcoin is all about future, holding the position is best he can do but if he sell now am sure he will regret it later, he can always use another fund to buy more or any other coin and put his mind away from the one he is holding, crypto need fresh money to grow not about selling .
My father is anxious pertaining to the fall and rise in bitcoin price. He has four(4) btc and he is afraid to hodl. He wants to sell at a lower rate. Any advice for him?
We cannot determine the market`s price in the future; however, the belief that it will bring the very potential and possibility of increased price would give us the standpoint in making this investment better. Thus, investment is something we really give risk - especially when we talk about our btc. The only problem that makes as bother about our investment is the way how we look it as means/source of our income and desperately aim for a higher price. That mentality would lead as to discouragement; since we really attached ourselves on BTC (the need for higher profit over the aim to reach higher price) would emotionally destroy the strategies of our investment. The motivation to hodl and the faith of success would likely be remote considering such discouragements.
Well, there are two things and choosing a side is not easy. He can sell it low now but he's going to regret it one day. He might stay happy for some days but one day he'll look at the price and will marvel. The other side is that he can HODL but he's going through be stressed a little looking at the market situation (anyways if he's HODL 4 BTC until now, it means he can surpass any stress in life). So he has to choose one side if which I'll advise a HODL if only he's not in a dire need for the money.
My father is anxious pertaining to the fall and rise in bitcoin price. He has four(4) btc and he is afraid to hodl. He wants to sell at a lower rate. Any advice for him?
He can go ahead to sell them right away. Cryptocurrency is not meant for anxious people. It is meant for those who are determined to hodl no matter the situation. Why did he not sell it when the price was higher at 20k usd? Now that the price is low that he wish to sell. No one decides for the other in crypto, the currency is his and he chooses what to do with it.
Reinvest.. take out your intial capital then reinvest the remaining, its a high risk but the profit would also be high..
The price has dropped a lot. Do you still hate that you sold your encryption? The current price must be several times higher than when you sold it.
When did your father buy the bitcoin ?, if it is now a profitable situation, sell it while there is a chance, and while in dire need of money.
Tell your father to ignore the short term volatility, because that is what is making him anxious. A person that is checking the price every few hours are more inclined to panic and sell early, than the person that check the price once a month. He has to remember that Bitcoin is a long-term investment and not a "Get-Rich-Quick" short-term scheme. 
The technology has proven that it can stand on it's own, now we just need to wait for the mainstream public to catch onto that and appreciate it's real value.
The technology has proven that it can stand on it's own, now we just need to wait for the mainstream public to catch onto that and appreciate it's real value.
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