Bitcoin Forum

I know that there are many individuals here in this forum that are always looking on cryptomarket price for the crypto that they are holding. Always hoping that one might get a good market price increase. This is why one does overlook on real number of crypto that they are holding because they are always looking on the equivalent of the crypto to fiat money. It is not like that because the real thing that you should look is the number of crypto that we know it is not changing for example you have 6 BTC @ 6k USD and eventually market price drop to 5K USD per BTC. Even if market price drop you still have 6 BTC and that is not changing and you should not worry. You have to get worry when you have 6 BTC and after seeing some time you will have 3 BTC only. That is one thing that you should worry because there might be one getting into your digital wallet and transfer your BTC to other digital wallet.

Your comment will only look valid if we have loads of options to use our bitcoins in the merchant settlements without converting it into fiat value equivalent. But at the current situation, it is not a valid comment at all. Bitcoin doesn't have an intrinsic value or any purchasing power of its own. Its purchasing value always depends on the local fiat currency of the user.

Let's assume, you have 5 Bitcoins whose current value is (5 X $6,000) = $30k USD. Now you can buy a swanky car whose market price is $30k USD using those 5 bitcoin.

Tomorrow, if the value of one bitcoin falls to $5,000, the purchasing power of your 5 bitcoins will come down to $25k USD and you will not be able to afford that swanky car with your 5 bitcoins. It is true for bitcoins because it doesn't have any intrinsic value and it is always dependent on the local fiat currency price.

Your argument is valid only for government backed currency or a centralized currency system where we have some authority to ensure the value of that currency. In case of bitcoin, we have none!

Yes maybe you still owned 6btc, but the things you can buy is decreasing,if you are an investors of course you are going to look for the value,not how many coins you owned, the things is all of the things still measure with Fiat so value is totally important, the security of the Bitcoin wallet is very strong just don't click unknown link and set 2fa

Yes its true, if there's another ways to spend your BTC without converting it to fiat equivalent the statement of the OP will be acceptable.

I totally agree with this because if you are an investor watching your investment falling down is the worst part, thats why I just invest the extra money that I have so that even if I lose it all it wont affect me that much.

To tell you honestly it is hard to look BTC that way. Even if I know I still have that amount of BTC its real market value is what makes us know that our cryptocurrencies are performing well. Just like in the stock market you don't look at the number of shares thinking that you have a lot of shares from that company you always look at its price. Its quantity really doesn't matter if you are holding a worthless stock of a company and the same thing can be said on your cryptocurrency holdings. Price is really what makes your assets valuable or not.

That would only make sense if you are using Bitcoins for doing things, and the prices of those things aren't changing with the BTC/USD price chart which happens all the time as the prices of even the things being sold for Bitcoin depend on the BTC/USD price chart itself. But if you are not using Bitcoins but are converting them to fiat for using them, then you do need to worry about the price as you will get only a half of $6000 for selling a Bitcoin if it drops to $3000, and that makes a really big difference.
Other than that, if you are not gonna use your Bitcoins very soon, then of course you don't need to worry just yet.

What would you do if most of your Crypto assets are doomed to fail by the marker crash? Holding on till one's assets becomes greatly devalued to nothing is not a wise investment strategy. The monetary value of Cryptos are dependent on fiat at the moment.

The problem is, some investment companies are buying & selling coins in a portfolio on behalf of investors and they balance the portfolio according to, say the 10 coins with the highest market capitalization for instance. If this change dramatically, then Bitcoin might drop in market capitalization and when the balancing of the portfolio are done, then these investors will end up with less bitcoins.  ::)

Price is important, depending on how you invest in Bitcoin and how your portfolio management is done.  ::)

this topic doesn't even make sense! you are basically saying that you should worry when your bitcoin amount decreases! how is that even possible? unless you sell or lose your private keys but that is not something on-topic!
as for not worrying about price, you should worry about it a little because at the end of the day you have made an investment. what you shouldn't do is not to lose your shit over a small drop or rise. invest what you can afford to lose and try to analyze the market yourself instead of listening to others.

The point is that though you still have the same amount of btc after a dump, the real question is that how much you could buy after a dump. Its a measure of value and not how much BTC you have. For instance, you buy a house using 1 btc but after a dump you cant do this anymore because buying a house at that time will require more btc because of the decreased value.

This is one singler reason why I am very interested in crypto currency businesses, what ever happens you still have your currency with you, the exact figure all you need is patience to wait for the appropriate price rate you want sell that's all.

If you are a investor of BTC then you must know the value of BTC because we are still checking the quality of BTC with fiat currency and beside this we must know the current situation about its value.

Since Bitcoin is introduced not longer than 9 years, most of the user doesn't have the idea of the valuation of crypto and as human behaviour, we always compare it with any other valuable thing with which we are familiar. I agree that the crypto market is highly volatile and it might look scary when it falls 10% to 20% but that's completely normal scenario in the crypto market, unlike traditional fiat based securities or commodity markets. It will take time to inculcate the familiarity among the users.

Yes it is true that we need to invest in them too, instead of telling the people to just HODL and HODL. If there are no investments, then the price will not improve too.

That's the point for an investors the value of crypto that we're  holding is still not change after market price movements. It is not the market price that one should overlook instead it is the number of crypto that we hold. Should it raise the crypto and should not follow all the time of the equivalent of their crypto holding to fiat money.

I agree, the price really does have big impact and it does tell alot about your assets.

the author correctly said everything. Be careful with your actions and do not worry about the cost of bitcoin

you are sneaky ;)
you talk about amount of crypto you hold and then in your example use bitcoin....

there is HUGE difference when you are talking about how much bitcoin you are holding and how much some altcoin you are holding. it makes sense to have 6BTC and have that much no matter what the price will be in the future because at the end of the fluctuations 6BTC is still 6 large units of a usable currency.

but when it comes to an altcoin if you hold 6 ALT there is no usage for it apart from speculation aka buying and selling it with money or bitcoin. so if you have 6 ALT today worth $6000 and then tomorrow it falls down to $1000 you lose a HUGE amount of money and there is nothing else you can do with that ATL but dumping it for fiat or bitcoin so you miss twice.

We should blame ourselves for having a point of view like that because we started considering fiat money as a standard of measuring any of our investment or assets. In this case, we are also judging BTC by the real time market price which is shown or compared to USD. As long as we keep measuring the value using fiat currencies, the scenario will stay the same as of now.

I think for an ordinary person who just happen to have a very normal understanding about crypto market price, definitely they just  tend to check how much could be the equivalent in terms of USD for their btc investment and I guess that is just normal. Moreover, more of the btc investors would also be checking the same way since that is their baseline to check the actual market price value day by day.

We are judging the price of Bitcoin by comparing it to Dollars which is currently considered as the standard for measuring value. So, if the value of our Bitcoin decrease then doesn't matter how much Bitcoin we are holding it will ultimately give a very low ROI or even a huge loss. If our standard for measuring value was gold then we would have compared Bitcoin's value to that of gold's.

There is always concern in every investor's mind because we always see the value of our investment, we monitor our investments at all times. here, investors invest their capital to make a profit and I think that is everyone's hope, my concern is normal but don't overdo it, keep thinking positively as long as the amount of assets is still intact.

It is difficult to look BTC that way. Its amount truly doesn't make a difference on the off chance that you are holding a useless supply of an organization and a similar thing can be said on your digital money possessions. Cost is truly what makes your advantages profitable or not.

as long as this mentality of yours doesn't lead to becoming a bag holder, you are good to go. but if you start thinking about every other shitcoin the same way and think that you have 1 coin and that 1 coin will always be 1 coin then you are in a lot of trouble. like the trolls of Dogecoin saying 1 Doge = 1 Doge and meanwhile Dogecoin continues losing value and dying.

Calm down guys i guess that the one posted the thread was only after for the encouragement of all the investors of cyrptocurrency. As we all know that market fall down has made some individuals to panic and then trade their crypto to fiat. This is not a good deed to do for it will loss some of his/her money. That is why this thread is just to remind everybody that if you are investing you should not fear because your crypto holding still the same no matter what the value is either down or up it will benefit the holder one day.

That would just bode well in the event that you are utilizing Bitcoins for getting things done, and the costs of those things aren't changing with the BTC/USD value outline which happens all the time as the costs of even the things being sold for Bitcoin rely upon the BTC/USD value graph itself.

It's alright not to dependably stress since our property is constantly settled and the amounts don't change with time as against advertising impact. Yet, aside from the thought of Crypto innovation and advancement, a ton of time would have been squandered in endeavoring to sit tight for the market to recuperate which is a piece of the forfeit in Crypto.

Bitcoin is dependent on fiat currency. Because you will use it in respect of fiat currency. So i think we need do be careful about that. Besides if bitcoins are missing from the wallet that's a different case.

We should be care about both things you have mentioned here. Bitcoin is valued with the number of fiat currency. So i think we can not simply ignore that fact. And also we should be careful about security.

Why we should not look at the fiat numbers? I mean when you get to buy anything with bitcoin, you need to know the value of it as per fiat money. I think the wallets are quite secured unless we do any foolish things.

Yeah you are right. It’s true that value doesn’t depend on just price. Now the whole market is going down. Just keep patience and hold bitcoin for the right time. It won’t disappoint you I hope.

If you think in this way, I think you will be fine in the future but most people think in terms of profit in usd so your point really make no sense for most people.

I really like the way you explain. I agree with you. Everyone just needs to calm down. Falling price is not a big deal. The market will rise very soon so do the prices. All you need to be patience and hold your coin.

You really said the truth. Price dropping can be happened anytime in this market. It’s very natural. But the people got panic. They really need to relax on this issue.

This idea only allows us to comfort ourselves..The important thing is always the price of Bitcoin..If we continue to keep Bitcoins in our wallet until the day we die, this thought may be true :) But one day we will definitely shop or cash it.

If the value drops to 5K or lesser then it won’t be possible for you to buy your desired car, but according to the present condition of bitcoin your comment does not goes.

"Much the same as in the stock exchange you don't take a gander at the number of offers imagining that you have a considerable measure of offers from that organization you generally take a gander at its cost.

"

It's alright not to dependably stress since our property are constantly settled and the amounts don't change with time as against showcase impact.

This is very important point you mentioned. I agree with you. Yeah it is true that price dropping doesn’t make anyone’s BTC less valuable. They just need to hold the BTC to get the right price

Good observation! I think everyone should read this. I am sure it will make some overreacting people to price dropping relaxed a little bit. And it will make them more experienced also

Those kind of mistakes will always be seen in investments of any kind. People letting their emotions think for them instead of their brains.

It's something that people allow to control them and it is called fear. The only cure in investments is education and learning from the best ones doing it.

I believe regular investments is exactly the same than Cryptocurrency or another kind of investments, the same patterns come into account as well as the ability to rule over your emotions and take the right decisions.

you are right, we only lose its value for a while. but that is a loss. many people do not realize that the volatility of changing values becomes small, even though that is the value of volatility. but you always have the perfect bitcoin piece.

Price dropping is not end of the world. This statement can be justified by your well explained article. I see a lot of people don’t understand this at all. I hope they see this and learn to be matured

People who are holding cryptocurrency get worried about the price drop. It won’t matter for someone who is holding this currency for a long time. But this comparison between crypto and fiat is important as crypto doesn’t have any intrinsic value.

If every investor can have the same ideas as you, then the whole market will be green. Sadly, most investors are now panicking for the decline of the market!

As crypto doesn’t have any intrinsic value, I think this is important to keep track on the price. This price is the buying capability of crypto. You can only buy anything more with crypto than its equivalent fiat value.

True the value of cryptocurrency won’t affect anything if people just keep them in their pocket. But while trading it with something, it will be compared to fiat money. And its capacity will be confined to that equivalent price.

I thought at first that you mean not to sell your coins when the price drops. What you're saying is just a theft of your assets so if you have your coins stored correctly in a wallet with priv key you shouldn't worry about loosing your BTC.

thank you for your comment but I don't think this statement makes any sense , cause it is better to not get painc for the market conditions but that doesn't mean you will just stop worrying about the falling prices of the market

here anything can happen but we should follow your guidelines. i'm agree with you. i have no more idea about this. i want to know more about this. it will make more easy and secure our transaction.

you are right we should follow this. Bitcoin holding always not good because it will make unstable market. that is are cause for dow market. but i want to know more about this.

The market is constantly changing the cipher holders are the people who hold the world. Do you believe in that? How to keep up to date with your cipher?

you are right its not good for always holding this coin. there are need to stable market, than it will make more profit. its is more secure and potential but i want to know more about this.

I think this is the reasons that I am so interested about bit coin. What happens don’t matter you sill have your coinage with you. Just keep patience to get the actual price.

Since I am a BTC investor, I think the price is very important. Because your BTC price is determined by the current fiat currency, so you have to be careful that you can not ignore its value in any case.

Yes, I think, we must know the Bitcoin present value and other incidence. Bitcoin is the most valuable crypto in cryptoworld. And its demand is very high so we have to be conscious about its value with fiat and present currency.

I think that the best way to get overlook on the crypto market price is to read reviews and discover what experienced traders think. To my mind, the best way is to communicate with traders

It doesn't generally make a difference what number of BTC you are hanging on your portfolio as long as they are deserving of speculation. On the off chance that the cost of BTC diminishes continuously then it will end up being a useless venture. In this way, having 6-10 BTC wouldn't help much as the greater part of their costs will be let down. In the event that the cost expands then estimation of BTC will likewise increment and it will enable the financial specialists to see some benefit out of each coin.

Although you are right that the number of your bitcoin doesn't decrease when price of bitcoin fall. However,  the value of bitcoin is what matter most to most people including me. It is the worth of those coins that really determine your own net worth not the quantity of coins you are holding.

I think you have point there because overlooking on the market price can make holders to panic that may cause to panic selling.Holding amounts of btc doesn't need to be monitored often just let that bitcoins to stay in its axis,you don't have to worry for as long as it stays number one on the coin market capitalizaton.

The value of crypto that you are holding still not change after market price movement. If you are an investors of course you are going to look for the value not how many coins you own the value coins is important if the value is good and if the price was domed to fail then think the way how you will solution that problem hold your bitcoin until one's assets becomes greatly devalued to nothing is not a wise investment strategy.

I also know that, the amount of bitcoin in the wallet is not reduced, but the value is reduced. for example having 6 btc with a total value reaching $ 60k, then when the market falls and the exchange rate decreases to $ 30k, of course that is a big loss. yes there is still a big chance to go up, and while the amount of bitcoin stored in the wallet does not decrease, everything will be fine.

I hope they see this and learn to grow up. It will not matter to a person holding this currency for a long time. If every investor can have the same idea as you, the whole market will be green.

This is reason enough reasoning, but for those who calculate their wealth in US dollars - this option is not suitable. But to someone who is a long-term investor - it fits perfectly.

This is exactly what I think as well but you know right, most of the people who trade crypto pair it with USD or fiat of the respective country and not to BTC. I believe the reason why people don't pair it with bitcoin is because they are in it for short term and not for a long term. If people were in it for a long term then they would surely see the profit in BTC. I believe in bitcoin which is why I see how much profit I have made in terms of BTC which will make the overall profit in fiat even more when BTC's price spike high in the future.

In the current situation, it would not be a good idea if you re looking at the crypto market with the motive that the price of  bitcoin would go up anytime soon, then you would be deceiving yourself. I think bitcoin would rise bigger and better on a long term basis but not on the short term basis.

It wasn't that vivid to me, but for me dont overlook crypto market thes days since it wasn't on a good state and it wasn't helpful for us to make some speculations since we dont really know whats happening these days, overlooking may lead us to certain negative speculations and I guess that is not helpful for an individual who make money here, better to look forward what Bitcoin may bring to us.

Many are worried when seeing price going down which is normal for all to react but selling high is more secure than buying high, so it will be good to hold if you don't understand when it could pump and how dip it might as crypto is very volatile , so it can go up or down any time .

I guess, in reality, it is possible to calculate when the time of the possible cryptocurrency growth can come. Just dive into the information about cryptos and absorb it. It will be helpful.