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

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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 .

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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

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?

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.

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.

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.

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.

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?

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.

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.


That depends on current Bitcoin's price.

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.

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.

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.

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.

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.

That is, Bitcoin does not lose its value if it is not traded against the dollar and most people are already of the opinion that Bitcoin is overvalued at its current price against the dollar. But then different forks with different strides, not all can afford to hold Bitcoin for long.

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.

1 bitcoin = 1 bitcoin, that's the base value. But if you buy 1 bitcoin at $40K then you have lost $20K if it's down 50% from where you bought it even though you haven't sold it. You can still survive falling prices if you have enough reserves to make ends meet, but what about the others?

But if someone is smart enough and understands how the market works then they will probably sell and cut losses on a dip, so there is a high chance they will get more than 1 bitcoin if the dip is much deeper. You don't always have to be a holder if you don't have enough spare cash, but you can still build your portfolio from initial capital if you really understand how the market works. But this is the difference in perception between traders and long-term holders.

It would all depend a couple of things:  1)  If someone took profits or panic sold.  The results of the first could actually get you to increase your bitcoin holdings while the 2nd could lead to the opposite- decrease in bitcoin holdings.  2a)  Have you ever been hacked of your bitcoin or 2b) sent to wrong address?  If so, then this is automatically a loss.

I admit that I'm at a loss but I don't mind. I bought some BTC last May 2022 when it was still above $30k and then last month when the price is around $21k. Yes it would be stupid for me to sell at a loss, so I ain't going to make the same mistake again like before.

I'll keep buying and accumulating more BTC as long as I have extra money every month to spare. If my monthly income increases, I'll add ETH to my DCA plans!

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.

We can't say to someone doesn't sell, we don't know the situation he's going through, but "as long as you have a choice to sell or keep bitcoin, it's better to keep it no matter how low the price is."

Therefore, do not sell at the moment unless you need cash or, for example, follow a strategy such as Short Selling, or you want to start investing and buy Bitcoin after several months (since we are in a quiet market, the price will be close to the current price for several months.)

All will lead to losses if you do not have a clear strategy.

Then there are a lot of those who are in that category, because it seemed to me that there was a real panic when the value started to fall below $20k. Some are guided by the strategy that it is better to gain at least something than to lose everything, even if it was an obvious loss. Besides, if you have no choice and have to sell, then you don't look at the price, no matter what kind of loss it is.

When ever i am privileged to discuss Bitcoin with my peer who get so carried away by Bitcoin price i tell them to pay more attention to how many Bitcoin they are able to accumulate now the market seems bearish because when the Bulls take over it will be a game of regret.

Prices of Bitcoin will always go up in the future but the amount that is handy now will gather more coin for you compared to when the price skyrockets. Buy and hodl is just the way forward

As they always say, only invest what you can afford to lose. If a person buys bitcoin with the money that should be used for necessities or savings then he is likely to sell it at a loss. Most people's reason for buying bitcoin is its value keeps increasing over the years. They usually think that price will be double next year so they just buy at the top without thinking any risk like these market corrections.

What makes people sell their bitcoins is because of the panic to see the price drop drastically and they can't afford to see the loss they will gain without thinking that the price could increase again in the future.
They are triggered by the amount of negative news they read from the internet that they lose control of keeping their bitcoins.
If they can still hold their bitcoin, their bitcoin will remain 1 and will not change and only the value will change.
But that decision will be up to them because they own the bitcoins.

Question: How many people could afford not to sell their Bitcoin? It's possible you can't help but to sell Bitcoin for daily necessity or large unexpected expenses. Even Andreas M. Antonopoulos had to sell his Bitcoin at low price.

The problem is when people buy bitcoin to make profit and want to make it quickly! Bitcoin was never meant to be used that way, it is a currency that could appreciate over time but you should focus on it being a currency. For example if you can you should try to earn money in bitcoin, get your salary or part of it in bitcoin, sell stuff for bitcoin, etc. For example ever since price dropped a lot I've been going through my stuff selling anything that I don't need (like old stuff in the attic you never use) and use the money to buy bitcoin. That way I'm both taking advantage of this big discount and am converting useless things to valuable bitcoin.

Mate from the look of things is are a Bitcoin bullish holdler and also a Steel hand Bitcoin lover, indeed 1 Bitcoin is 1 Bitcoin whatever time and place but hen when you want to exchange it to fiat currency the price is highly volatile.h

Buying, owning and holding 1 Bitcoin are different tasks when price of Bitcoin are different too.

Buying it easier with cheap price years ago, it's harder to hold it than buying 1 Bitcoin now and holding it. Because now if you buy 1 Bitcoin, you should have very good reasons to buy it so you have valid reasons to hold it.

Of course, 1 Bitcoin is 1 Bitcoin and a chair is a chair, but if we leave tautologies aside, it is not the same to have 1 Bitcoin now than when it will be worth $1M, if it ever arrives, in the same way that it is not the same to have 1 Bitcoin in 2010, when it was not worth $ 0.01 than now, and we can see this reflected in the fact that almost nobody who had Bitcoin in 2010 has HODL them until today.

When a thing is worth almost nothing people don't care much about it and at that time many people lost their private keys or sold when they got a return of 10x or similar.

It is a loss on screen if you don't have to sell your Bitcoin for expenses.

You have to sell your Bitcoin if you don't have last reserve for bear market. When you must sell your Bitcoin for expenses (buying goods, paying bills, taking health care ...), you will have real loss even 1 Bitcoin is 1 Bitcoin (it is true). But your loss will become true too.

I agree 100% with this. When it is said that 1BTC= 1BTC I say to put things in perspective, because it is not remotely the same 1BTC in 2010 than in 2022.

I understand the OP's perspective, that if we look long term and HODL the price will recover and surpass $69k. If you do not sell, you will not realize a loss. The one who HODLs will have a scarce and limited good whose purchasing power tends to grow, unlike fiat currencies, but the one who bought at $69k has lost 70% of the purchasing power he had.

It takes time to get numb from all these dips and corrections. But after a long exposure to the market, these newbies would eventually realize that everything is temporary. Bitcoin has gone through worse bear cycles. For as long as they don't believe that Bitcoin is now beginning to face its demise, they wouldn't mind HODLing through the worst crypto winter. They just have to overcome this fear and everything will be all right. After all, it's not the falling price that probably worries many; it's the fear that Bitcoin is about to die.

This is assuming that there's an absolute 100% guaranteed chance that bitcoin will go higher again (especially if you bought near the peak). And with markets, there will always be zero guarantees irregardless of what the previous performances are. And I say this as a long-term bitcoin bull.

If you believe in Bitcoin and invest in Bitcoin, you can do Dollar Cost Averaging. It will help to average your entry price and minimize fear and greed.

Websites for Dollar Cost Averaging DCA

I don't advise to never sell your Bitcoin or to hold all of your asset in Bitcoin. I don't know will Bitcoin has any black swan event, don't know honestly. So I save a bit of my asset in fiat as my last reserve, last resort if Bitcoin goes to zero that I don't believe it will. But I still use a bit of money in fiat for my Plan B.

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.

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.

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.