WHY ANXIOUS ABOUT BITCOIN PRICE? - page 8.

ralle14

legendary

Activity: 3374

Merit: 1922

Shuffle.com

Quote from: IGP50 on July 19, 2018, 09:28:38 AM

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?

Your father shouldn't invest in the first place if he's afraid to take any kind of risks. Selling it at a lower rate is not the best idea to make that'll only make him lose money. Tell your father to stop looking at the short term prices and always show this chart to him whenever he gets anxious with the price of Bitcoin.

This image was from an old thread by Trololo (thread)

vy99

member

Activity: 126

Merit: 25

Any investment (not just bitcoin) should be done with the intention of holding long-term. Trying to time the market is a fools game and will lead to massive losses always.

ludygiram1011

newbie

Activity: 113

Merit: 0

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.

Fundalini

full member

Activity: 644

Merit: 103

Quote from: IGP50 on July 19, 2018, 09:28:38 AM

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?

Only a paper loss as long as he doesn't sell. It is much easier to hold than get mentally traumatized by selling at a low price only to find out that the price pumps the next day. Show him the the past graphs of bitcoin, it might ease his mind knowing that every year, it closes at a price higher than the previous year.

ennave123

newbie

Activity: 70

Merit: 0

Let him hodl for now. Bitcoin is gradually rising up again. It's a very good sign to hold. Strong hopes will always triumph Grin

MVT_Freedom

newbie

Activity: 56

Merit: 0

What was the reason why he came into the market?
If he had planned to hold it long term, and believes in it. Then why worry about what the price will be the next day... You're in it for the long run so put it aside and wait some more

OSEIBOATENG

member

Activity: 238

Merit: 15

I will advice you to tell your Dad not to worry about the price now. For now we are not in the green moment and we will surely get there so he should just relax because me I trust btc and it will surely shoot up soon Grin

.

IGP50

newbie

Activity: 112

Merit: 0

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?

Topic: WHY ANXIOUS ABOUT BITCOIN PRICE? - page 8. (Read 2220 times)