Topic: You have not lost a dime if your Bitcoin is in your wallet - page 3. (Read 907 times)

As far as their is bitcoin in the wallet no bitcoin has lose but so many people fail to understand this.  The problem most people have is lack of patience,  they want profit so fast that they can't wait for Bitcoin price to come up again. This far bitcoin has gone it is strange to think that all the bitcoin in the wallet can lose totally due to bear market.

Holding is meant for those that have enough Bitcoin in there wallets but not for those that have small amount of Bitcoin and always depend on it when they are broke. This is one of the reason why many persons do sell there holding when the market goes down because of life challenges and this had made many persons to fall into loses. It is better to keep holding even though the market is down so we can make good money when it goes up.

You have a sound argument but
1 BTC = 1 BTC is always true
1 BTC ≠ 1 BTC is always false
1 xBTC ≠ 1yBTC where x and y is the price of bitcoin in a different timeline e.g. Bitcoin price in 2010 represented by x and Bitcoin price in 2022 represented by y, is true
thus, you need to present a price/time variable in the equation in order to prove your argument is true.  Simply saying 1 BTC ≠ 1 BTC and raising argument of a price element in different time is kinda confusing.  So I think you need to properly represent price in different time into the equation.


Thus, OP is right when he says that we lost nothing as long as we don't sell since 1 BTC is always equal to 1 BTC until we convert it to fiat and compare the price we buy them and the price we sell them and you can't use this  1 BTC ≠ 1 BTC equation because you need to add price/time variable to this.

1BTC = 1BTC.
According to Op's illustration and also a well know fact that if the price of Bitcoin drops, it means you own more Bitcoin but if the price rises it means you have more fiat equivalent of it. Then there is a lose due to time which I believe is always overlooked. The explanation given above is 100% perfect if the only purpose of purchasing Bitcoin is to hodl for a long time. On a real sense btc ought to serve as a means of exchange like fiat, so why always hodl and advise others to do.
The time taken for btc to rise, if same amount is put into business it could generate massive profits.
What I have discovered about Bitcoin is that everyone that misses the early stage must have to hodl for upto 5yrs and above to make good gain. Then, 5yrs is a long way, so only invest money you wish to save for a long time.

I guess you meant counsel.

Anyway, truth is that what you've expressed there about loss in price (but not value) of Bitcoin that could momentarily push people to panic sell off is that believe of making profit out of it as a quick rich investment. Those who've long term plan for Bitcoin don't feel perturbed whenever it dips in price. They know of a certitude that it will get up back on its mojo. In all, whether at $20 or $1 million one Bitcoin will continue to remain its equivalent.

This only happens when the trader doesn't have more money to spend on trading and instead holding it the only option they can do is to sell back then buy on what they think the cheapest price to recover. And provably there are many experience traders earn more profit from doing this so I guess this decision will always matter depends on the traders capabilities.

Trading cryptocurrencies has never been easier, but just like any beginning, it can also be challenging for new users. Many traders are inexperienced and uninformed and don't have a developed trading plan at all, which can lead to costly mistakes. On top of that, the crypto market is extremely volatile, so it can be easy to take a loss in the blink of an eye.
What is most important is to figure out what time period you would like to invest in and devise your strategy based on that. For example, if you plan on investing in bitcoin, you need to decide the minimum amount you can afford to lose at any given time and the maximum time period you can live with a loss.

Cryptocurrency trading is not rocket science, but it does require some special skills, experience, and strategy. You need to be able to determine the current cryptocurrency market trends, and a system that will help you to maximize profits and minimize losses. You must understand when to sell, when to buy, and how to use different strategies to profit from the market fluctuations. HODL may seem as simple as it is easy to implement, but it is the most psychologically demanding strategy that requires a deep understanding of cryptocurrency and a belief in its long-term potential. It can be hard for some people to reconcile the belief in cryptocurrency with the fear of losing it. I recommend investing only a small amount of money at a time and trading in small increments so that you can always exit your positions within a short period.

Right, definitely it makes total sense to hold coins rather than selling them at a loss, just because what? Didn't receive desired profit within an expected period of time? That doesn't make sense, when it comes to investments in which we already should be aware and accept that the market is volatile and we have to tolerate every volatility with dedication and patience to make a profit out of it!

Therein lies the real problem they face because they have never experienced it.
If they had faced it at least once, they would be able to see that the cycle would occur each time so that they could prepare to face it again.
Maybe people who have been in crypto for 5 years or more will know it but few can really control themselves in a bear market, while others will always be provoked by news that is not clear.

Sadly, not everyone can afford to hodl. Not everyone believes the price will go up. And this is true for newbies who just got into bitcoin this year. Because not everyone is in it for the long term. I am an disciple of the hodling philosophy but I advice newbies to set a stop loss if their hearts can't take it anymore.

They would never have realized it just from the stories of their predecessors and experienced people. They need to go through the bear market and the bad things of the market a few times and they will learn from the experience for their investment journey in the future.
There's nothing more practical for me than experiencing it for myself and we'll know what to do the next time it happens again.

When you are wrapped up with fears, you tend to think being a fool, and that's how foolish people do things without looking at its consequences. Although there are no losses if you won't sell your bitcoin, but i think those who enter in crypto investment without good knowledge and awareness will have a different mindset compared to others. While others are buying and hodling at this bear season, some people resort into panicking and selling their coins at a loss.

Well, those are two classic statements for any bitcoin price trend.

I admit whatever the circumstances, bitcoin should be in the wallet as a good investment asset in the long term. There is no denying that we have seen a fair amount of evidence that bitcoin is the best asset to consider in our portfolio. If they don't believe it then it's really hard for us to explain anything, but surely patience will pay off well for those who believe in bitcoin's long term potential.

That's the reason why we see panic sell in the market because those who have invested it under the dream light of getting rich overnight with it see their dreams shattered with price falling.I don't know why people don't look at the core levels of bitcoin with its working in complete decentralisation way free from any central chain of authority and your funds are your own if you are able to keep them safely.

The price appreciate over time with increased demand and supply curve being down and the coming time of halving will have the same effect as mining rewards will be halfed and with high demand prices will boost but the people tend to ignore it and only see bitcoin as investment purposes in short term.

1) $50k BTC> $60kBTC : We miss the boat

2) $40kBTC >$30kBTC : It's a bubble and it's dead

So you can't say anything about them but time will tell them what's bitcoin is capable of and you only need to hold your coins with patience in your wallets and actual profit/loss is when you sell them.

The intrinsic value of Bitcoin is what makes Bitcoin decentralization different from every other crypto shit coins cant stand the chance with Bitcoin in terms of stability, Bitcoin can never go from 70k to 0 as most altcoins do but again we should only hold what we can afford.

They should realize that the price of bitcoin will not be able to continue increasing and there will be a correction in the price.
And usually, this correction will decline. Sometimes it will decline sharply, which is what they have to use to buy bitcoin at a low price.
Investing in crypto carries the risk of price going up and down but if they believe that the price will increase again, they better be patient and keep holding their coin until the time comes to sell.
And don't panic if the market fluctuates or the price drops sharply but take the opportunity to buy more.

Then 1BTC=1BTC will be true when the price is more stable.


I don't have to imagine it. That's what happens to me. What I earn in signature campaigns I spend and what I buy is for HODLing. So, with Bitcoin I HODL I can think that 1BTC=1BTC because I don't care about the rise or fall of purchasing power since I'm not going to spend it in a long time.

But in the Bitcoin I spend, I experience the decrease, because now for example I get paid the same amount in Bitcoin as when I was in the Jambler.io campaign, and my purchasing power then was about twice as much.

It often occurs to new investors in the middle of a bull market when they are just starting out in investing. In their minds, bitcoin will always increase and not decrease, so they simply buy and then sell to make a profit. But no, things are not as they had imagined, investments do not always increase and do not decrease as they had hoped. As a result, they panicked and  sell everything as they feared losing everything when bitcoin dropped. They accidentally gave their bitcoins to other sharks waiting for a price that couldn't be cheaper.

That definition would fall apart the moment bitcoin price becomes stable which it would eventually, because by that time there won't be any reason left to "HODL" something that won't go up anymore which would make bitcoin useless and consequently worthless in an instant.

Now imagine that a portion of your paycheck like $500 were in another currency called bitcoin, at $70k you were being paid 0.0071BTC but now at $20k you would be getting paid 0.025BTC. Not only your purchasing power is the same when you spend that "currency" that month but anything you put aside as savings would appreciate in time.

Don't you realize what a contradiction you are falling into? You defend that 1BTC is 1BTC despite the loss of purchasing power at the same time defending that it is a currency.

The tautology that 1BTC is a 1BTC is logical to defend if we see Bitcoin as an investment, as a financial asset, and not as a currency because precisely if it is a currency we are not going to HODL it for 30 years as the above image suggests:


By the way, in that image I miss those Bitcoin holders who die during those 30 years.

If Bitcoin is a currency, you are going to use it to buy things, and the fact is that months ago, assuming that for example buying a loaf of bread cost you $1 or its equivalent in Bitcoin, with 1BTC you would buy 69,000 loaves, and today you buy only 20,000, which is a considerable difference.