Why on earth do you own bitcoin? - page 6.

pawanjain

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Nothing lasts forever

Quote from: James Watson on June 27, 2021, 08:52:26 PM

Recently everyone is very anxious, the market from time to time falls, sometimes with the negative news waterfall, sometimes without the negative news waterfall, as for the positive news almost no, it really makes people hate the teeth itch. Whether it's profit withdrawal or principal loss, watching your money slowly being eaten up by the market is generally an individual's anxiety. The more we get to this point in time, the more I think it's important for us to ask, or for us to ask ourselves, what are you holding bitcoin or Ethereum or any other digital currency for?

Since you are a newbie this question is valid for you and I am sure this would be something that every beginner holding bitcoin might wonder.
This is because you have been losing money while the market is dumping but you must also know that if you are losing your money then there is someone on the other side who is making money. Also, if you are losing money then there is probably something you are doing wrong.

The first thing you should know is that you only lose money if you sell your assets in a loss. This means if you don't sell your coins while the price of bitcoin is dumping then you don't lose your money. You should HODL your coins patiently and only sell it when the price is pumping up and take the profits.
This is how the old timers and the long term holders make money while panic sellers lose money.

clint25n

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every investor always has bitcoin, depending on how much they have, it really affects every investor. what's more, currently the price tends to be less stable.it will also affect a person to have more or less a value against bitcoin. maybe This is an investment that must always be patient in the face of an increase or decrease in the price of bitcoin

Chato1977

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Quote from: Poker Player on June 28, 2021, 02:00:57 AM

Just because I have a long-term vision. I don't care about short-term fluctuations in price. I care about what Bitcoin is and how important it will be in the world in the years to come.

This separates investors in this community , others are valuing the daily,weekly,monthly movement while others cares for yearly or more time spent.

Quote from: ropyu1978 on June 28, 2021, 06:58:18 AM

if you ask why any of us want to have bitcoin, the answer is simple, in my opinion the reason I want to have bitcoin for me to make an asset in the future, with us having bitcoin now, most likely in the future we can sell at a higher price This is a high risk, but if we are always afraid of risk, we will never succeed.

Long term holding , this is why we Hold or own bitcoin.

I don't know what Op has, maybe altcoins?

Peanutswar

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Some people see the potential in the market why they invest. Some people see on the stock market, fiat currency, real state and more but here see the potential of the cryptocurrency, from the year 2017 we saw the potential of the bitcoin to rise again this is the reason why people make an investment but throughout the years there are a lot of new coins developed right now which gives more chance to the people to get profit. We called them right now altcoins.

As for now until the market still not decided I keep my money to a stable coin if there's a new trend of the bitcoin and other coins I just keep waiting for the signals

ropyu1978

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if you ask why any of us want to have bitcoin, the answer is simple, in my opinion the reason I want to have bitcoin for me to make an asset in the future, with us having bitcoin now, most likely in the future we can sell at a higher price This is a high risk, but if we are always afraid of risk, we will never succeed.

KingsDen

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Goodnight, o_e_l_e_o 🌹

Anyone Hodln digital currencies is futuristic. The dip or correct in BTC is not a new thing. It has happened and will still happen as long as BTC do exist. Your money that is sinking today can rise tomorrow. Everything in life is a risk, your money if not invested in BTC will still go one day. So, let's continue with this game of emotion and opportunity. Thanks!

imstillthebest

full member

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not everyone but if there are anxious in here they are only new in this market .
there anxiousness will trigger if there are bad news because bad news triggers the fall of the price but if there are only good news they can only feel happy .
if we hold a crypto for profit we should accept everything that can happen because not all times the market is in good condition but somtimes there are bad times .

Henrobakkara

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Quote from: James Watson on June 27, 2021, 08:52:26 PM

Recently everyone is very anxious, the market from time to time falls, sometimes with the negative news waterfall, sometimes without the negative news waterfall, as for the positive news almost no, it really makes people hate the teeth itch. Whether it's profit withdrawal or principal loss, watching your money slowly being eaten up by the market is generally an individual's anxiety. The more we get to this point in time, the more I think it's important for us to ask, or for us to ask ourselves, what are you holding bitcoin or Ethereum or any other digital currency for?

Even with all the so called waterfall you think has been happening to Bitcoin price, it is because you are looking at the shorter or immediate gains in Bitcoin. Purse and take a look at a wider time frame from when some invested in Bitcoin back in like 2000, do you think such those investors see the fall in Bitcoin price the same way you do? The same way 10 years from now if you still have Bitcoin from this investment, you would see it differently from those that will be investing for the first time then.
So I also believe that Bitcoin is better for more longer time investment.

Rajamuda

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One thing, bitcoin is one thing that is very special and helps finance everyone, because of course we can still earn it by working online. Basically, while it has proven to be really helpful, why not try it, because this is certainly a golden opportunity, although it fluctuates but its popularity is increasing day by day till now.

Poker Player

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Just because I have a long-term vision. I don't care about short-term fluctuations in price. I care about what Bitcoin is and how important it will be in the world in the years to come.

bakasabo

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At first I got interested in Bitcoin or cryptocurrency because I thought is was a new, and more or less simple way to earn, parallel by current job. Later I got more into being anonymous. I like a lot the idea of using a card, topped up with crypto (I use binance card) for everyday payment. I like that I got a cashback, and I like that my purchases are not monitored by government (at least I dont face consequences).

ziennakarishma21

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Compared to holding coins that have no concept of long-term and solidity like BTC, they think that holding BTC coins seems more hopeful with many other coins and in the future profitable that BTC does not bring small for so it can be said that BTC is a currency that many people hope and trust to keep it.

DapanasFruit

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Quote from: James Watson on June 27, 2021, 08:52:26 PM

Recently everyone is very anxious, the market from time to time falls...

Bitcoin's volatility is not something new...well maybe it can be new to newbies but for us who have with the coin for the past two years at least we are already accustomed to its rise and fall...and we certainly know how to deal with it emotionally. I am not actually anxious if Bitcoin is dipping I just smile and hope that soon it can be back up high. Bitcoin will not be that popular without its volatility. People will never be investing with Bitcoin if its price will be as flat as a stablecoin. And if one is willing to see Bitcoin go up and reach a new ATH, one has to endure its usual dips and that is what is happening right now. So there is no point to be actually anxious that is just a big waste of time and emotion.

aoluain

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Quote from: davis196 on June 28, 2021, 01:06:10 AM

Quote from: James Watson on June 27, 2021, 08:52:26 PM

Recently everyone is very anxious, the market from time to time falls, sometimes with the negative news waterfall, sometimes without the negative news waterfall, as for the positive news almost no, it really makes people hate the teeth itch. Whether it's profit withdrawal or principal loss, watching your money slowly being eaten up by the market is generally an individual's anxiety. The more we get to this point in time, the more I think it's important for us to ask, or for us to ask ourselves, what are you holding bitcoin or Ethereum or any other digital currency for?

Not "everyone" is anxious.The crypto newbies are the anxious ones.
If you can't handle price volatility,just leave the cryptocurrency markets and go trade stocks and bonds.
The negative FUD news just come and go.Bitcoin is here to stay.
We are holding BTC or ethereum for the sake of making long term profits.By "long term" I really mean long term,probably after several years,not the next week or next month.
Crypto is not for the gamblers.If you gamble,you lose.

The only anxious ones are the newbies of 2021. They should realise if they are
planning to HODL, they need to be looking at a long game and not panicking because
of the short term.

Bitcoin is still approximately 3 times higher than it was 12 months ago and approximately
50% lower than it was 3 months ago, as they saying goes "Zoom Out"

AniviaBtc

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Bitcoin is profitable and we should study it in order for us to understand how it works and how it can help an individual financially.

It can really secure our future when you think about your own financial stability in the next few years as we all know that it is volatile.

I own bitcoin since 2016 and it is really a good thing for me and changed my life.

davis196

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Quote from: James Watson on June 27, 2021, 08:52:26 PM

Recently everyone is very anxious, the market from time to time falls, sometimes with the negative news waterfall, sometimes without the negative news waterfall, as for the positive news almost no, it really makes people hate the teeth itch. Whether it's profit withdrawal or principal loss, watching your money slowly being eaten up by the market is generally an individual's anxiety. The more we get to this point in time, the more I think it's important for us to ask, or for us to ask ourselves, what are you holding bitcoin or Ethereum or any other digital currency for?

Not "everyone" is anxious.The crypto newbies are the anxious ones.
If you can't handle price volatility,just leave the cryptocurrency markets and go trade stocks and bonds.
The negative FUD news just come and go.Bitcoin is here to stay.
We are holding BTC or ethereum for the sake of making long term profits.By "long term" I really mean long term,probably after several years,not the next week or next month.
Crypto is not for the gamblers.If you gamble,you lose.

Renampun

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Activity: 2338

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Quote from: James Watson on June 27, 2021, 08:52:26 PM

Recently everyone is very anxious, the market from time to time falls, sometimes with the negative news waterfall, sometimes without the negative news waterfall, as for the positive news almost no, it really makes people hate the teeth itch. Whether it's profit withdrawal or principal loss, watching your money slowly being eaten up by the market is generally an individual's anxiety. The more we get to this point in time, the more I think it's important for us to ask, or for us to ask ourselves, what are you holding bitcoin or Ethereum or any other digital currency for?

In the investment world, high-risk investments always provide much greater profits...

Cryptocurrencies are high-risk investment assets, Bitcoin price volatility is an example. I personally am very ready for the changes that will continue to occur in the price of Bitcoin, there is no reason for me to be afraid of its price volatility. today Bitcoin might be worth $1 but tomorrow it might be worth $1 million.

yazher

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You own the pen

Quote from: James Watson on June 27, 2021, 08:52:26 PM

Recently everyone is very anxious, the market from time to time falls, sometimes with the negative news waterfall, sometimes without the negative news waterfall, as for the positive news almost no, it really makes people hate the teeth itch. Whether it's profit withdrawal or principal loss, watching your money slowly being eaten up by the market is generally an individual's anxiety. The more we get to this point in time, the more I think it's important for us to ask, or for us to ask ourselves, what are you holding bitcoin or Ethereum or any other digital currency for?

Looks like you're missing the point here, As you can see the world right now needs some kind of new opportunities where it needs fewer competitions. Bitcoin is one of them if you want to invest with your spare money, the return will be huge if you know what you are doing and the same for the other Altcoins. Most of the users here are looking for those opportunities whether they gonna waste their money or not, it's their own decision and that will make the crypto market grow since some might win or some might also lose but that's not always the case because sometimes whoever might lose right now, will gonna win tomorrow as well.

maydna

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Perhaps, you should ask yourself because we have different opinions about why we own bitcoin. But people who own bitcoin realize that bitcoin can be their long-term investment, so that they want to have more and more bitcoin. They will buy more bitcoin at any price, especially if the price can go down to the low price, and they will not only hold it but will sell it when the price increases.

Related to the negative news that we read, that will not always impact the price, but it just happens temporarily, so we don't have to worry. The price will be increased after that news, and the price will have more chances to break the highest price.

Oasisman

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Quote from: James Watson on June 27, 2021, 08:52:26 PM

Recently everyone is very anxious, the market from time to time falls, sometimes with the negative news waterfall, sometimes without the negative news waterfall, as for the positive news almost no, it really makes people hate the teeth itch. Whether it's profit withdrawal or principal loss, watching your money slowly being eaten up by the market is generally an individual's anxiety. The more we get to this point in time, the more I think it's important for us to ask, or for us to ask ourselves, what are you holding bitcoin or Ethereum or any other digital currency for?

Or it could be the other way around.
Why not? Or shall I say, "why don't you own one?"
This is the same question as, why are you saving money?
Money cannot be eaten nor can be drink but why are you saving money and not food or water?

I assume you have seen the market going up and down, and that's kinda normal to see in any market going like this especially to the highly volatile asset like Bitcoin and other alts. Have you seen Bitcoin falling it's value as time passes by?

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