Please define what do you mean by "long term".
For how long do you intend to hold your coins, before you encash them? You need to convert them to fiat at some point of time, since the acceptability remains pretty low as of now. In my case, I purchased most of my coins in 2012, when the prices were around $10 per coin. I sold most of my stash in 2015, when the exchange rate was around $200, but that was after losing the majority of my initial coins to a scam. Now tell me which one was better? Losing the coins to a scam, or selling them for $200? I still have plenty of coins remaining, despite selling at regular intervals from 2015 to 2019.
Had I kept all of my coins, then I would have become a millionaire by now. But I don't regret what I did. Back then, I had financial constraints and badly needed the cash. And Bitcoin is such a risky asset, that you don't know when it will go down by 90%.
Topic: You don't loose if you don't encash - page 3. (Read 857 times)
Hey 
I once came across a time when I was unsure where the market is going to take us , thus I brought at a very high price , unfortunately the price came down as quickly as it climbed up.
The reason I believe I haven't lost even a single penny is because I believe you cannot loose when you don't encash.
Therefore I still believe holding for the long term can actually help you .
I once came across a time when I was unsure where the market is going to take us , thus I brought at a very high price , unfortunately the price came down as quickly as it climbed up.
The reason I believe I haven't lost even a single penny is because I believe you cannot loose when you don't encash.
Therefore I still believe holding for the long term can actually help you .
Its called a paper loss though but it will not become a realized loss unless you sell it at a low price. This will now enter the concept of holding where you hold the coin you have until it rises again. So far, its the safest form of investment for now.
Some would not prefer this. They would rather decide to just cut loss rather than go along with the fall. They prefer to suffer a smaller loss and then buy back at the bottom. This is the strategy of a lot of traders. Well, they have their own technical analysis from which they base their order prices. But to those who do not have any of this at all and are doubting which way is better, they better choose to HODL. If they are willing to wait though.
That's true. A lady recently chatted me up that a trader told her she can never loss in money trading bitcoin, I said there is a high degree of risk, because the value may go and we will have to wait for price to pick. I had to tell her the whole truth because I don't want someone disturbing my peace that her money has evaporated due to a half-truth. Holding with patient is very important.
Basically, you dont lose of everything if you do not encash but if you will look on the bigger picture when you earn from the salary you can get here and then the price drops you are still actually loosing the value of your effort and you need to wait and hold until the price raises again.
Though losing opportunity for gaining more volume when the is cheaper because afraid to take the risk, you need another source of income for you cannot encash when you need money. You cannot depend on it because market is very volatile.
Definitely a yes. this is a waiting and timing game, patience is the key with a little bit of a luck and sharp instinct when to sell.
A lets not forget to play what you can only afford to loss. Never ever borrow to play only, many get burned with this.
A lets not forget to play what you can only afford to loss. Never ever borrow to play only, many get burned with this.
Of course, you are not affected by the price is you don't sell. BTC is still equal to BTC and that's what beginners should remember as well. They panic seeing their portfolio going down, but they didn't see that by not selling nothing has change. I also learn this the hard way that's why I usually don't sell my holdings, unless there's something really important IRL problems that I really need fiat and dump by bitcoin.
The original statement isn't always true.
True, profits or losses aren't realised until you sell, but holding and never selling doesn't guarantee not realising a loss either. Ask anyone who has held stock (without selling) of any bankrupt company, or even plane tickets of an airline that has gone bankrupt. Or even in crypto, anyone who HODL'ed any of hundreds of alt coins whose charts have ONLY gone straight down after a small initial climb to sub .000X since their inception. There comes a point with some assets where you no longer have a choice of selling as the asset in question has already pancaked. It's like saying you won't crash into the ground if you don't parachute out of the plane first.
That said, this isn't FUD... I both HODL and trade, but do disagree with the original statement.
True, profits or losses aren't realised until you sell, but holding and never selling doesn't guarantee not realising a loss either. Ask anyone who has held stock (without selling) of any bankrupt company, or even plane tickets of an airline that has gone bankrupt. Or even in crypto, anyone who HODL'ed any of hundreds of alt coins whose charts have ONLY gone straight down after a small initial climb to sub .000X since their inception. There comes a point with some assets where you no longer have a choice of selling as the asset in question has already pancaked. It's like saying you won't crash into the ground if you don't parachute out of the plane first.
That said, this isn't FUD... I both HODL and trade, but do disagree with the original statement.
Hey
I once came across a time when I was unsure where the market is going to take us , thus I brought at a very high price , unfortunately the price came down as quickly as it climbed up.
The reason I believe I haven't lost even a single penny is because I believe you cannot loose when you don't encash.
Therefore I still believe holding for the long term can actually help you .
Yes, until no selling is done, there will be no loss yet there are still chances of earning/getting profit. As long as you hold any amount of bitcoin, its value may change as its price changes and that change will be the basis if you'll ever gain or loss. It will be better if you choose to hold than experience loss by selling your bitcoin in a price lower than the time you bought bitcoin. I once came across a time when I was unsure where the market is going to take us , thus I brought at a very high price , unfortunately the price came down as quickly as it climbed up.
The reason I believe I haven't lost even a single penny is because I believe you cannot loose when you don't encash.
Therefore I still believe holding for the long term can actually help you .
Hey
I once came across a time when I was unsure where the market is going to take us , thus I brought at a very high price , unfortunately the price came down as quickly as it climbed up.
The reason I believe I haven't lost even a single penny is because I believe you cannot loose when you don't encash.
Therefore I still believe holding for the long term can actually help you .
I once came across a time when I was unsure where the market is going to take us , thus I brought at a very high price , unfortunately the price came down as quickly as it climbed up.
The reason I believe I haven't lost even a single penny is because I believe you cannot loose when you don't encash.
Therefore I still believe holding for the long term can actually help you .
That is my option every time I commit an error in my trades. Just recently, when BTC was above $12,000, I set a buy order at $11,000 thinking that if ever it will correct its way down, it will bottom out at $11,000. Apparently, it proved to be wrong and was based on an erroneous analysis. But I will not allow to just accept my loss. I would rather wait for another month or two than just sell with a loss.
But take note, this might never apply to the majority of altcoins.
right, our assets are fixed, but the value in usd decreases, and this is what makes traders panic. but if we have long-term investment intentions, fluctuations do not overload our minds, and panic can be avoided
You are right, If you don't en-cash and hold it for a long term wait until you gain a more profit to it. Holding bitcoin is actually a good profit.
Hey
I once came across a time when I was unsure where the market is going to take us , thus I brought at a very high price , unfortunately the price came down as quickly as it climbed up.
The reason I believe I haven't lost even a single penny is because I believe you cannot loose when you don't encash.
Therefore I still believe holding for the long term can actually help you .
I once came across a time when I was unsure where the market is going to take us , thus I brought at a very high price , unfortunately the price came down as quickly as it climbed up.
The reason I believe I haven't lost even a single penny is because I believe you cannot loose when you don't encash.
Therefore I still believe holding for the long term can actually help you .
For me yes, holding it for long term can really help most especially that the market is said to be going bullish these days. To be honest i’ve been holding my coins for quite sometime now for the bull run but I also do a little scalping from time to time just to add my coins.
Hey
I once came across a time when I was unsure where the market is going to take us , thus I brought at a very high price , unfortunately the price came down as quickly as it climbed up.
The reason I believe I haven't lost even a single penny is because I believe you cannot loose when you don't encash.
Therefore I still believe holding for the long term can actually help you .
Yes, you're basically right. The problem is that even though "don't invest what you cannot afford to lose" is like one of the most important rules, people tend to ignore it. And if you invested the money, awaiting a pump, but your investment is going down and you need this money, then you sell and you lose. Or if you're just greedy/emotional. I had around $1k in BTC when it was $20k. I didn't sell then, and I tried not to sell when it was $6k. But the problem was that this bearish trend was out there for too long, and I simply needed money for things like food, so over the course of the year, I sold all of that, losing a lot, as you can imagine. I once came across a time when I was unsure where the market is going to take us , thus I brought at a very high price , unfortunately the price came down as quickly as it climbed up.
The reason I believe I haven't lost even a single penny is because I believe you cannot loose when you don't encash.
Therefore I still believe holding for the long term can actually help you .
Hey
I once came across a time when I was unsure where the market is going to take us , thus I brought at a very high price , unfortunately the price came down as quickly as it climbed up.
The reason I believe I haven't lost even a single penny is because I believe you cannot loose when you don't encash.
Therefore I still believe holding for the long term can actually help you .
And rightly so. It remains to wait not long and cryptocurrency again show what it can do. I personally have a few assets left, also bought at high prices, but the main thing is not to kill yourself with negative thoughts. I once came across a time when I was unsure where the market is going to take us , thus I brought at a very high price , unfortunately the price came down as quickly as it climbed up.
The reason I believe I haven't lost even a single penny is because I believe you cannot loose when you don't encash.
Therefore I still believe holding for the long term can actually help you .
Hey
I once came across a time when I was unsure where the market is going to take us , thus I brought at a very high price , unfortunately the price came down as quickly as it climbed up.
The reason I believe I haven't lost even a single penny is because I believe you cannot loose when you don't encash.
Therefore I still believe holding for the long term can actually help you .
I once came across a time when I was unsure where the market is going to take us , thus I brought at a very high price , unfortunately the price came down as quickly as it climbed up.
The reason I believe I haven't lost even a single penny is because I believe you cannot loose when you don't encash.
Therefore I still believe holding for the long term can actually help you .
That's an golden rule of trading that never sell your coins in a loss. If you have the ability to hold, then you can never lose in trading. You will hold your coins until they again reach your buying price and then you may sell. There are only few cases where you invest in scam projects and there is no chance of the recovery of such coins.
Hey
I once came across a time when I was unsure where the market is going to take us , thus I brought at a very high price , unfortunately the price came down as quickly as it climbed up.
The reason I believe I haven't lost even a single penny is because I believe you cannot loose when you don't encash.
Therefore I still believe holding for the long term can actually help you .
I once came across a time when I was unsure where the market is going to take us , thus I brought at a very high price , unfortunately the price came down as quickly as it climbed up.
The reason I believe I haven't lost even a single penny is because I believe you cannot loose when you don't encash.
Therefore I still believe holding for the long term can actually help you .
Taking your quote against you, you don't also earn without withdrawing your bitcoins!
It is essential that you set a limitation, cap, and a goal on your investments to know when to cash them out. Long-term investment and holding may yield you income but you may miss opportunities arising from sudden spikes and increase on its price due to its high volatility. You may want also to consider short-term investment as it may render you income relatively better than a long-term HODL.
If you are holding, this is true, in a long term you should not worry about price fluctuations
If you are trying to do some trades, you can always try to sell and buy again in a dip, so it's better to make a plan and stick to, obviously the plan need some adjustments, but this way is better
In my plan, I'm trying to accumulate as much BTC as I can, but sometimes I buy at a price and in a few hours the price falls, I only have the option to wait, as you said, you will only lose if you sell.
If you are trying to do some trades, you can always try to sell and buy again in a dip, so it's better to make a plan and stick to, obviously the plan need some adjustments, but this way is better
In my plan, I'm trying to accumulate as much BTC as I can, but sometimes I buy at a price and in a few hours the price falls, I only have the option to wait, as you said, you will only lose if you sell.
Basically, you dont lose of everything if you do not encash but if you will look on the bigger picture when you earn from the salary you can get here and then the price drops you are still actually loosing the value of your effort and you need to wait and hold until the price raises again.
Well, there are a lot of investors out there that is not that familiar with that kind of volatility hence they make an investment and when the price goes down, they panicked, they read FUDs and then they sold leaving themselves at loss. I hope people learned their lesson seeing the price chart, and for the investors that read this, keep on holding since you will regret it if you jumped out of the boat and not ride the wave.
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