You have not lost a dime if your Bitcoin is in your wallet - page 2.

Odusko

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Defend Bitcoin and its PoW: bitcoincleanup.com

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.

AakZaki

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zknodes.org

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

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.

After their dump the rookies thought this was a bad situation and their psychology wasn't ready either. when the dump market always wants to sell and cut their losses, but when the price starts to go up and higher then FOMO will create and make them start entering at a high price in the hope that it will continue to rise.
Selling btc at a high price and then buying it again at a lower price will increase the amount of assets, it will be better if the main goal is to hold bitcoin in the main wallet.

tvplus006

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To the Moon

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.

Russlenat

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Quote from: tvplus006 on July 21, 2022, 07:02:52 AM

Quote from: Ojima-ojo on July 12, 2022, 05:43:17 PM

...All this people sold at different prices but their all sold only 1 Bitcoin.

If you look at it the way Elon Musk assessed the situation, who decided to sell BTC owned by Tesla for 29 thousand dollars, then it looks like a loss for his campaign. But if he decides to buy bitcoin for the same amount now, then his quantities will increase and exceed the initial purchase. So is it better to sell and then buy at a lower price or hold, in the hope that the price will recover?

Selling is only done when you see the coin has already increased its value, that way you will sell for profits and then buy back again when bitcoin is already in a low price. However, if you sell at a loss, that’s another story. Just focus on hodling the coin, you might never know in the future that the 1 bitcoin you used to hold, can already buy a lot of bitcoin if you decide it to sell.

boyptc

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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.

freedomgo

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Quote from: qwertyup23 on July 13, 2022, 05:30:07 PM

No matter what happens, 1 BTC is always going to be 1 BTC regardless of its value. Same as gold, though its price may decrease on the market, it does not change the fact that you still have that piece of precious non-renewable metal at your disposal.

Some people complain that whenever BTC prices decreases, they tend to impulsively sold majority of their BTCs to at least alleviate the damage. But they are missing one important aspect- which is its volatility and inflationary value. HODL is definitely the key if a person wants to maximize their investment value.

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.

Kalson9

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And loosing that is due to the price value and when it rises it goes up,And that is why is advisable to have usdt.

JoyMarsha

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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

Falconer

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Quote

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

Somehow I agree with this idea although price fluctuations will affect its value in fiat. 1 bitcoin will remain 1 bitcoin regardless of how the market works, that means we have to ignore fluctuations and keep those bitcoins in the wallet.

Like gold, it may be a long-term store of value and bitcoin is good for the same idea. But financially we will definitely lose if the bitcoin is bought at a high price while the current price has dropped. I imagine a bad situation that requires you to sell bitcoin, would you consider selling it and accept the loss when you don't have an emergency fund reserve at that time?

Kelvinid

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when lambo...

Quote from: Wiwo on July 20, 2022, 01:16:59 PM

Despite the fact we still need to make the right calculation to conclude such as this, one of those calculations should be in the entry price of Bitcoin. Let's say you buy Bitcoin when the price was at 65k and now the price has dropped to 20k+ so if you buy Bitcoin now with the same amount you first bought you will get almost triple the amount you got at first purchase, so Bitcoin intrinsic value makes it volatility more difficult to understand and control to avoid loses.

If you are consistent with the idea of buying low and selling high - then nothing we have to worry about and for sure, we know how to handle the market drops and keep holding.

It was just about to happen sometimes that because we are in need of money we sacrifice our Bitcoin and sell them at a lower price. It sometimes happen to me but it was really the last option I'd made. This is to give an idea that investing doesn't all go well and successful, sometimes we fail and learn somehow.

tvplus006

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To the Moon

Quote from: Wiwo on July 21, 2022, 05:15:01 PM

...I was so amazed with the tesla announcement of the sale of some of their Bitcoin holding even at loss, I am sure this does not have anything to do with twitter purchase as that deal have been canceled sometime last week. Elin Musk seems to be very unstable when it comes to long-term investment since they panic sold a large portion of their Bitcoin in this season.

Elon Musk is not a bitcoin maximalist, he is just a businessman who leads the Forbes rating. Therefore, when he saw that holding bitcoin would lead to an even greater unrealized loss, he decided to sell 75% of the BTC owned by Tesla. I am sure that in the next quarterly report of Tesla we will see that the company has bought back the sold part of BTC at a lower price.

Viscore

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Quote from: Ojima-ojo on July 12, 2022, 05:43:17 PM

This is purely for newbies in crypto currency and those who does not understand how Bitcoin works, and are always quick to cry when Bitcoin price drop below the price they bought.
Note: if you own 1 btc in your private wallet at a bought price of $40,000 and now the price is $20,000 per Bitcoin, economically you are at $20,000/lost at the moment if you have sold your Bitcoin but if you still hold you 1 Bitcoin the value still remains the same is just the price that have changed. So as long as you have your private keys to the wllet that holds the Bitcoin with the 1 bitcoin balance you have not lost a dime.
My cancel is this
Have a futuristic view and a long term perspective about Bitcoin, and don't sell out of panic of Bitcoin dollars value unless you are at gain.
Some sold at
1: $69,000
2: $50,000
3: $40,000
4'. $30,000
5: $20,000
All this people sold at different prices but their all sold only 1 Bitcoin.
Hodle hodle hodle is my language.

That's it, 1 bitcoin will always remain 1 bitcoin if you chose to hold it despite of the panic in the market. And you're not losing at all if you never attempt to sell your coin. However, this is not the case for everyone as they always thought that once the value has dropped already, then its already considered a loss. Yes, its a total loss if you stop hodling your bitcoin and decides to sell it on a lower value. But if you prefer to keep it hodling and only sell it when the value skyrocket, then your 1 bitcoin will eventually be worth more than the value of the previous 1 bitcoin.

Wiwo

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Quote from: tvplus006 on July 21, 2022, 07:02:52 AM

Quote from: Ojima-ojo on July 12, 2022, 05:43:17 PM

...All this people sold at different prices but their all sold only 1 Bitcoin.

If you look at it the way Elon Musk assessed the situation, who decided to sell BTC owned by Tesla for 29 thousand dollars, then it looks like a loss for his campaign. But if he decides to buy bitcoin for the same amount now, then his quantities will increase and exceed the initial purchase. So is it better to sell and then buy at a lower price or hold, in the hope that the price will recover?

I was so amazed with the tesla announcement of the sale of some of their Bitcoin holding even at loss, I am sure this does not have anything to do with twitter purchase as that deal have been canceled sometime last week. Elin Musk seems to be very unstable when it comes to long-term investment since they panic sold a large portion of their Bitcoin in this season.

tvplus006

legendary

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To the Moon

Quote from: Ojima-ojo on July 12, 2022, 05:43:17 PM

...All this people sold at different prices but their all sold only 1 Bitcoin.

If you look at it the way Elon Musk assessed the situation, who decided to sell BTC owned by Tesla for 29 thousand dollars, then it looks like a loss for his campaign. But if he decides to buy bitcoin for the same amount now, then his quantities will increase and exceed the initial purchase. So is it better to sell and then buy at a lower price or hold, in the hope that the price will recover?

Sanitough

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Quote from: Ojima-ojo on July 12, 2022, 05:43:17 PM

This is purely for newbies in crypto currency and those who does not understand how Bitcoin works, and are always quick to cry when Bitcoin price drop below the price they bought.
Note: if you own 1 btc in your private wallet at a bought price of $40,000 and now the price is $20,000 per Bitcoin, economically you are at $20,000/lost at the moment if you have sold your Bitcoin but if you still hold you 1 Bitcoin the value still remains the same is just the price that have changed. So as long as you have your private keys to the wllet that holds the Bitcoin with the 1 bitcoin balance you have not lost a dime.
My cancel is this
Have a futuristic view and a long term perspective about Bitcoin, and don't sell out of panic of Bitcoin dollars value unless you are at gain.
Some sold at
1: $69,000
2: $50,000
3: $40,000
4'. $30,000
5: $20,000
All this people sold at different prices but their all sold only 1 Bitcoin.
Hodle hodle hodle is my language.

Even if the market is at loss, most of the people are experience losses, but the fact that you are still hodling your coin in your wallet, then apparently you're not having a real loss. Losers are those who only sell their coins at a lower value from the price they bought it. However, instead of selling because of stop loss, or whatever you have fears of, always look at the positive side. The market will eventually change and we will see everything in progress. That's the perfect time to sell.

hatshepsut93

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Quote from: darkangel11 on July 18, 2022, 06:17:27 PM

But what really is a loss, realized or unrealized.

If I got my bitcoin from a faucet or from a giveaway when it was worth $10 and it went to $5, do I have an unrealized loss? The money was free anyway.

If I bought my bitcoin at $20k and it went all the way to 65k, but now is back at 20k, do I have an unrealized loss? My money can buy less than in 2021, but I can still have the same purchasing power as I had when I started my investment.

I bought my coins long ago not planning to use them in the next 10 years anyway, regardless of the price. It went up and down many times. Does it really change anything for someone like that if there's an unrealized profit or loss along the way?

In the end all that's going to matter is how many bitcoins you have and if it's enough for you to do what you always wanted to do in life.

Unrealized loss is a negative difference between the entry price and the current price. So in first case there's no loss, because you'll be always in profit. In second case you broke even.

Now in the third case - life doesn't always go as planned. You might be forced to sell your coins to cover your expenses. And in that situation your unrealized loss will turn into a realized one.

Quote from: darkangel11 on July 18, 2022, 06:17:27 PM

if it's enough for you to do what you always wanted to do in life.

That depends on current Bitcoin's price.

Wiwo

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Despite the fact we still need to make the right calculation to conclude such as this, one of those calculations should be in the entry price of Bitcoin. Let's say you buy Bitcoin when the price was at 65k and now the price has dropped to 20k+ so if you buy Bitcoin now with the same amount you first bought you will get almost triple the amount you got at first purchase, so Bitcoin intrinsic value makes it volatility more difficult to understand and control to avoid loses.

Vaculin

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Quote from: qwertyup23 on July 13, 2022, 05:30:07 PM

No matter what happens, 1 BTC is always going to be 1 BTC regardless of its value. Same as gold, though its price may decrease on the market, it does not change the fact that you still have that piece of precious non-renewable metal at your disposal.

Some people complain that whenever BTC prices decreases, they tend to impulsively sold majority of their BTCs to at least alleviate the damage. But they are missing one important aspect- which is its volatility and inflationary value. HODL is definitely the key if a person wants to maximize their investment value.

Some people resort to stop loss and sell their bitcoin if they think they have been losing too much. Of course that’s applicable to altcoins but never in bitcoin because bitcoin always bounce back its price when the market recovers. The only key not to lose is through hodling. Although it’s the most common thing in the crypto market, but it’s always the best option if you aim for exceptional and huge profits after long term hodling.

Kasabus

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Quote from: sheenshane on July 12, 2022, 06:59:23 PM

I think only a fool will sell under the price where it was bought.
Hold and set a target price range to take profit, that's how Bitcoin stores the value, we should patiently wait for it even though we didn't know the time frame of a selling point which for sure the Bitcoin price will increase and surpass its ATH.

At least, you are holding the amount that you can afford and willing to wait. It's a matter of time before you'll see your profit.

If you cannot endure the price volatility of bitcoin in the first place, then don't bother to invest. Bitcoin will never have a fixed value and its price changes too more often due to some positive and negative news that happened globally. If you can hold patiently while wating for the perfect price to sell, that way your bitcoin will always be safe and you won't deal with real losses.

darkangel11

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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.

But what really is a loss, realized or unrealized.

If I got my bitcoin from a faucet or from a giveaway when it was worth $10 and it went to $5, do I have an unrealized loss? The money was free anyway.

If I bought my bitcoin at $20k and it went all the way to 65k, but now is back at 20k, do I have an unrealized loss? My money can buy less than in 2021, but I can still have the same purchasing power as I had when I started my investment.

I bought my coins long ago not planning to use them in the next 10 years anyway, regardless of the price. It went up and down many times. Does it really change anything for someone like that if there's an unrealized profit or loss along the way?

In the end all that's going to matter is how many bitcoins you have and if it's enough for you to do what you always wanted to do in life.

Topic: You have not lost a dime if your Bitcoin is in your wallet - page 2. (Read 865 times)