You have not lost a dime if your Bitcoin is in your wallet

Wiwo

hero member

Activity: 1022

Merit: 667

Leading Crypto Sports Betting & Casino Platform

Quote from: Gosgosking on August 29, 2022, 05:02:23 PM

Quote from: Luzin on August 29, 2022, 01:52:14 PM

Quote from: StormHawk on August 29, 2022, 01:18:00 PM

People who thinks like this never grow, they are the type that can't invest for a better future because their mind isn't prepared for it, they have a poor mind soul honestly, I've met some people in this life that thinks that investing money and waiting for several years for better result is suffering, this is a poor mindset.

Everyone has different thoughts. There may be those who do not believe in investment. Moreover, the current problem is regarding digital currencies. Which has not been widely recognized for its legality by many countries. Maybe it's the reason people don't believe in investment.
As for suffering maybe it can be true. It's because of their wrong mindset. Whatever everything is done has to go through those days. So in trading being a Holder it is also difficult if you don't have a strong mentality. Learn to be patient, set targets, besides that, financial circumstances will also affect.

I don't blame people who have no understanding when it comes to investment. Ignorance is so strong that when it ties one , it will be difficult to see things that are good. Most people talk a lot of bad things about investing for long term, it is only Ignorance that makes people think investing long-term is waste of time.

Recently, I have decided not to discuss serious investment opportunities with people that don't have the idea and knowledge on investment and risk management. Alot of people will just try as much as possible to give negative view to every opportunity and in the end they miss out on those opportunities that could have changed their life forever.

Odusko

hero member

Activity: 882

Merit: 507

Defend Bitcoin and its PoW: bitcoincleanup.com

Quote from: Gosgosking on August 29, 2022, 05:02:23 PM

Quote from: Luzin on August 29, 2022, 01:52:14 PM

Quote from: StormHawk on August 29, 2022, 01:18:00 PM

People who thinks like this never grow, they are the type that can't invest for a better future because their mind isn't prepared for it, they have a poor mind soul honestly, I've met some people in this life that thinks that investing money and waiting for several years for better result is suffering, this is a poor mindset.

Everyone has different thoughts. There may be those who do not believe in investment. Moreover, the current problem is regarding digital currencies. Which has not been widely recognized for its legality by many countries. Maybe it's the reason people don't believe in investment.
As for suffering maybe it can be true. It's because of their wrong mindset. Whatever everything is done has to go through those days. So in trading being a Holder it is also difficult if you don't have a strong mentality. Learn to be patient, set targets, besides that, financial circumstances will also affect.

I don't blame people who have no understanding when it comes to investment. Ignorance is so strong that when it ties one , it will be difficult to see good things. Most people talk a lot of bad things about investing for the long term, it is only Ignorance that makes people think investing long-term is waste of time.

One of the prominent things to do before investing is to build a good knowledge of the investment you want to venture into so s not to get panic at every slightest occurrence, when it come to bitcoin, I always measure it in the units of bitcoin I bought and not the dollar cost of it.
But their are some other persons who do not have a good understanding of this and they are referred to as weak hands since there tend to sell whenever the dollar price of Bitcoin drops and the dollar gain against Bitcoin.

Gosgosking

member

Activity: 672

Merit: 16

Quote from: Luzin on August 29, 2022, 01:52:14 PM

Quote from: StormHawk on August 29, 2022, 01:18:00 PM

People who thinks like this never grow, they are the type that can't invest for a better future because their mind isn't prepared for it, they have a poor mind soul honestly, I've met some people in this life that thinks that investing money and waiting for several years for better result is suffering, this is a poor mindset.

Everyone has different thoughts. There may be those who do not believe in investment. Moreover, the current problem is regarding digital currencies. Which has not been widely recognized for its legality by many countries. Maybe it's the reason people don't believe in investment.
As for suffering maybe it can be true. It's because of their wrong mindset. Whatever everything is done has to go through those days. So in trading being a Holder it is also difficult if you don't have a strong mentality. Learn to be patient, set targets, besides that, financial circumstances will also affect.

I don't blame people who have no understanding when it comes to investment. Ignorance is so strong that when it ties one , it will be difficult to see things that are good. Most people talk a lot of bad things about investing for long term, it is only Ignorance that makes people think investing long-term is waste of time.

Luzin

hero member

Activity: 1400

Merit: 770

Quote from: StormHawk on August 29, 2022, 01:18:00 PM

People who thinks like this never grow, they are the type that can't invest for a better future because their mind isn't prepared for it, they have a poor mind soul honestly, I've met some people in this life that thinks that investing money and waiting for several years for better result is suffering, this is a poor mindset.

Everyone has different thoughts. There may be those who do not believe in investment. Moreover, the current problem is regarding digital currencies. Which has not been widely recognized for its legality by many countries. Maybe it's the reason people don't believe in investment.
As for suffering maybe it can be true. It's because of their wrong mindset. Whatever everything is done has to go through those days. So in trading being a Holder it is also difficult if you don't have a strong mentality. Learn to be patient, set targets, besides that, financial circumstances will also affect.

StormHawk

member

Activity: 219

Merit: 12

Quote from: boyptc on August 01, 2022, 05:34:33 PM

Still a loss if you ask me for some reasons and depending on the person.

People will recognize the current value and not the bitcoin that they're holding. We may say that 1 btc = 1 btc at most times because we know that and we understand the essence of holding for a long time and that's not going to change a thing for us.

But for the others, we don't hold their minds and even if we comfort them by telling that 1 btc = 1 btc and they're not at loss until they start selling, they can't help themselves but always look at the market value that they have currently.

We've been there and also experienced that we used to check the prices from time to time and we cannot go further because we are realizing our losses.

People who thinks like this never grow, they are the type that can't invest for a better future because their mind isn't prepared for it, they have a poor mind soul honestly, I've met some people in this life that thinks that investing money and waiting for several years for better result is suffering, this is a poor mindset.

Stable090

sr. member

Activity: 574

Merit: 387

If am holding a coin in my wallet, I don’t care about the coins price the only thing I focus on is the amount of coin am holding in my wallet, mostly people don’t understand the way it works that’s why panic if price of a coin drop and mostly they sell at lost, if a person is holding 5 bitcoin if the bitcoin is in your wallet and you did not sell it, it will continue to be 5 bitcoin even if the price reduce drastically, the only thing that can change the amount you are holding is maybe you sold some. So people know that a coins price will bounce back and they will still panick and sell at lost.

Odusko

hero member

Activity: 882

Merit: 507

Defend Bitcoin and its PoW: bitcoincleanup.com

Those who bought the dip last time @18k still have a little stability but you can't say the same of those who bought bitcoin at the peak when bitcoin was at a $69,800 price in the last couple of months back when bitcoin was at an all-time time high.
1 Bitcoin indeed equals 1 Bitcoin as you only lose it when you sell, just to execute a trade , there is some time when one will not have any options but to sell your Bitcoin to leverage the trade to cut loses at an uncertain price period then one will realize the real impact of the price on the value of your Bitcoin holding.

Cryptoababe

member

Activity: 699

Merit: 18

Do it For Better Humanity

Quote from: hatshepsut93 on July 12, 2022, 06:12:10 PM

Unrealized loss is still a loss. All Bitcoiners have less wealth than when Bitcoin was at $69,000. It's the same as inflation - your money can buy less goods than before. The difference is that Bitcoin has a good chance to recover and outgrow the ATH, while fiat will be slowly but surely losing its value. But we live in the present, not the future, and not everyone can afford to hodl and not touch their coins.

Imagine a world where everyone switched to Bitcoin, and someone was saving for years to buy a new car, and suddenly Bitcoin crashes by 74% and they can no longer buy a car. That's not a good basis for economy.

You are the right person here. Even when bitcoin crashes and some can't longer pay for some expenses that they used to pay for. Because of the drop by 74% which make them unable to take part of the remaining bitcoin due to the reduction in value to usd. This is also a loss and bad not good basis for economy because not everyone can hodl and not touch thier coins as Bitcoin was created to be used to purchase or spent as a currency not to be hodl.

Wiwo

hero member

Activity: 1022

Merit: 667

Leading Crypto Sports Betting & Casino Platform

The choice is what motivates the decision to sell unless for steel hand-holders who may have a strong back up for the daily necessity of life and have no reason to visit their Bitcoin balance for a long time, if you are in for a long time sake then holding Bitcoin without touching no matter what the situation may be in the market is a strong will drive that not everyone has the balls to do that, some tend to panic easily and are willing to cut loses at some point where they don't have any choice than to exchange they Bitcoin to solve a real-life problem.
bitcoin is always 1 Bitcoin and no matter what the price may be you only lose when you sell below the price you buy it.

tvplus006

legendary

Activity: 2268

Merit: 1655

To the Moon

Quote from: ANSEL_2.0 on August 25, 2022, 09:24:06 AM

...every time bitcoin roses from the dead all other altcoins will follow, even those that aren't doing so well, learn to have patience and hold your coins.

Not all altcoins will grow after bitcoin on a new bull run. This has already been tested in practice. Since 2017, I have about two dozen coins left in my wallet, the total value of which is $15. These coins depreciated by 99.9% and besides, the team abandoned work on these projects.

ANSEL_2.0

member

Activity: 271

Merit: 14

Not just bitcoin but every other altcoins as well, the moment you decide to sell is when you are really at a loss or profit, every time bitcoin roses from the dead all other altcoins will follow, even those that aren't doing so well, learn to have patience and hold your coins.

ethereumhunter

hero member

Activity: 2856

Merit: 541

Leading Crypto Sports Betting & Casino Platform

Quote from: Luffygroove on August 25, 2022, 01:08:49 AM

we live in a world of uncertainty. Since 2017, I faced many bull and bear seasons of bitcoin specifically and crypto in general and there's always up after down and vice versa so we should have hope for this winter also pass. However, the crypto world is far from predictable, we don't know when will the bull season come again even those who have more knowledge about this, do not many have an accurate prediction really. I think the best people are those who can see the opportunity, surfing within this storm and still gain profits, they're the true winners.

If those guys could use bull season and bear season for bitcoin, they would never complain because they already know what to do in each season. Maybe at this time, the bear season has come because we see the price drop and stay at the current level without any certainty about when the price will rise again. But we must remain confident because this bear season will surely end soon and will be replaced by bull season. When the bull season comes, we will make a big profit, especially if we have prepared all the coins we have to be sold at a high price.

imamusma

hero member

Activity: 1316

Merit: 731

Leading Crypto Sports Betting & Casino Platform

Quote from: Rockstarguy on August 25, 2022, 03:29:18 AM

I think it will difficult for anyone who sells bitcoin in panic due to the fall of price of bitcoin to still have in mind to buy more even as the price is low. People who buy more are bitcoiners that has the patience to buy more to join to the bitcoin they had. It does even make any sense to sell bitcoin at loss, and still buy new set of bitcoin at lower price. Instead as the price of bitcoin falls it is still better to hodl and buy more if money is available than to sell it.

The main problem sometimes is not how sure we are about the potential future price of bitcoin, but it is a capital issue. I know and believe that the price of bitcoin will increase slowly in the future, and ATH is always possible. But because the capital is not strong, then I prefer to remain silent and stop somewhere.

It's hard to make a decision when the bitcoin price drops a lot because at that point we actually lose the value of our asset. But selling on dip is an option to cut losses mainly because I could have wished the drop was deeper to buy and collect more. Cut losses is one of strategies in trading, so it might come in handy at some point.

Rockstarguy

hero member

Activity: 966

Merit: 573

God is great

Quote from: tvplus006 on August 02, 2022, 07:09:03 AM

Quote from: freedomgo on August 01, 2022, 04:21:55 PM

If you decide to sell your coins at a loss, then 1btc will not be the same anymore. And this is what most of the newbies do when they start panicking seeing the prices of their investments continue to decline. Instead of hodling since it will always retain its value and to stay away from losses, newbies resort into making mistakes and that is to sell bitcoin at a certain low price. That way, once you decide to sell at a loss, the value of bitcoin has already depreciated.

Yes, no, the problem is not that when the price of bitcoin decreases, the newbies sells his coins, but that he does not buy them back when the price of the coin has decreased. This way he could increase the amount of BTC in his wallet. But after the dump, he is generally afraid to make new purchases, even at a reduced price.

I think it will difficult for anyone who sells bitcoin in panic due to the fall of price of bitcoin to still have in mind to buy more even as the price is low. People who buy more are bitcoiners that has the patience to buy more to join to the bitcoin they had. It does even make any sense to sell bitcoin at loss, and still buy new set of bitcoin at lower price. Instead as the price of bitcoin falls it is still better to hodl and buy more if money is available than to sell it.

Luffygroove

member

Activity: 966

Merit: 25

Ton Together | Save Smart & Win Big

we live in a world of uncertainty. Since 2017, I faced many bull and bear seasons of bitcoin specifically and crypto in general and there's always up after down and vice versa so we should have hope for this winter also pass. However, the crypto world is far from predictable, we don't know when will the bull season come again even those who have more knowledge about this, do not many have an accurate prediction really. I think the best people are those who can see the opportunity, surfing within this storm and still gain profits, they're the true winners.

Ojima-ojo

sr. member

Activity: 700

Merit: 429

Quote from: Masplanc on August 22, 2022, 06:37:36 PM

Quote from: JoyMarsha on July 27, 2022, 07:28:17 PM

Someone that has a long-time goal about bitcoin investment shouldn't be worried if he has a long-term plan of bitcoin investment. He is not worried about the loss of his investment if bitcoin depreciates badly cos he believes that he will surely make his profits back with patience. He will only lose when he buys higher and sells lower

People who get worried about bitcoin loss are those who have already targeted to have some amount of profit in a given time forgetting that bitcoin is volatile and when the price of bitcoin drops they feel disappointed. But as for those who understand bitcoin even if it goes dip no need to panic but to still hold.

I.can see any reason why someone will set a target with a volatile commodity like Bitcoin, however, Bitcoin is most suitable for long-term gains and not short-term gains and one must be ready to have a lot of patients to achieve that long-term gains. This method will give you more peace of mind.

Masplanc

member

Activity: 798

Merit: 34

Quote from: JoyMarsha on July 27, 2022, 07:28:17 PM

Someone that has a long-time goal about bitcoin investment shouldn't be worried if he has a long-term plan of bitcoin investment. He is not worried about the loss of his investment if bitcoin depreciates badly cos he believes that he will surely make his profits back with patience. He will only lose when he buys higher and sells lower

People who get worried about bitcoin loss are those who have already targeted to have some amount of profit in a giving time forgetting that bitcoin is volatile and when the price of bitcoin drops they feel disappointed. But as for those who understand bitcoin even if it goes dip no need to panic but to still hodl .

Hispo

legendary

Activity: 1162

Merit: 2025

Leading Crypto Sports Betting & Casino Platform

Quote from: Maliceprime on August 13, 2022, 06:28:13 AM

We are just panicking for nothing, when it comes to BTC no one loses anything until they sold, hold and hold and keep holding, the only result you will get is a lower and higher price with time, all those who hold BTC at ATH of 69k will still look like the most lucky in four years time trust me.

Of course that point of view is valid for long-term investors,which are an important percentage of Bitcoin Users, I assume.
But we must not forget that the price of Bitcoin is also influenced by traders, aka, people who expect to profit off Bitcoin in short terms, they are responsible much of the volume on the exchanges and the fear/greed they may feel also impact us all.

Maliceprime

member

Activity: 61

Merit: 10

We are just panicking for nothing, when it comes to BTC no one loses anything until they sold, hold and hold and keep holding, the only result you will get is a lower and higher price with time, all those who hold BTC at ATH of 69k will still look like the most lucky in four years time trust me.

uchegod-21

hero member

Activity: 896

Merit: 584

BTC, a coin of today and tomorrow.

Quote from: Odusko on August 12, 2022, 04:22:47 PM

Quote from: jrrsparkles on July 13, 2022, 02:05:25 PM

You didn't lose anything until you sell the Bitcoin but not everyone is holding lot of Bitcoin in their wallets, apart from the early investors most of the others are just having few hundred or thousands worth of bitcoins so cutting the half of its value is not an easy task for them. One who prepared for this can conquer the investment of cryptocurrencies which is buy low and sell high but many just followed the hype should be in the oain and just became the prey of whales.

When you talk about Bitcoin holding and wallet then we have to focus on two factors that are, 1 when you buy the Bitcoin, and in doing so buying low is the best entry position. That is becausewhen you buy Bitcoinat low price you accumulate more than when you buy when the price is high.
2: never listen to fud and always hold your Bitcoin in a private wallet that way your Bitcoin is secured and safe from third parties.

Apart from people who has the mind of long term investment, people who is doing short term investment dont need to keep holding even when there is sign for you to sell. If you sell high it is better because you can buy back later and even get more Bitcoin. This is more good than holding and the price goes down and you wait for so long for the price to come back to the initial level you were before the market started going bear. This can mean that you are not making profit and you are not loosing.

Topic: You have not lost a dime if your Bitcoin is in your wallet (Read 865 times)