Bitcoin Forum

Hello everyone, I decided to gather the most interesting article and info I encounter in the last few months, some of them are just articles, some of them are guides, and there are some photos as well. I personally found them very interesting, so I decided to share it with you. Hope you guys found something you like here

I want to start with this

If you lost money on Bitcoin you either bought in the red or you didn't hodl

https://i.imgur.com/IyPdWZS.jpg

This is very relaxing for me tbh, this market, keep growing and growing.


Steve Wozniak suing Youtube for failing to crack down on Bitcoin scams using his image (https://www.theverge.com/platform/amp/2020/7/23/21335554/steve-wozniak-youtube-lawsuit-bitcoin-scam-cryptocurrency-apple)


In 2009 Lily Allen turned down 200,000 Bitcoin in return for playing a concert in Second Life - now they would be worth $1.8 BILLION (https://www.thesun.co.uk/tech/5067093/lily-allen-bitcoin-billionaire-richer-than-madonna/)


This tweet of Mark Ross
https://i.imgur.com/WXxBn3X.jpg


The Second-Largest Bitcoin Whale in Existence Moves Staggering $1,146,000,000 in BTC (https://dailyhodl.com/2020/08/07/second-largest-bitcoin-whale-in-existence-moves-staggering-1146000000-in-btc/)


South Korean Highways Will Have Blockchain-Powered Toll Payments (https://cointelegraph.com/news/south-korean-highways-will-have-blockchain-powered-toll-payments)


Americans are “pouring” cash, stimulus checks into Bitcoin and gold (https://cryptoslate.com/americans-are-pouring-cash-stimulus-checks-into-bitcoin-and-ethereum/)


Earn Crypto by gaming - a beginners guide to Angry Warlord (https://www.publish0x.com/earning-free-crypto-online/earn-telos-tlos-by-playing-angry-warlord-beginners-guide-xgdzdxx)


Crypto Trading Bots: Beginner's Guide (https://exscudo.com/blog/trading/crypto-trading-bots/?utm_source=reddit&utm_medium=social)


Crypto Wallet Backup: Beginner's Guide (https://exscudo.com/blog/blockchain/how-to-backup-crypto-wallet/?utm_source=reddit&utm_medium=social)


short info about all the coins and Blockchain Assets. (https://www.upfolio.com/)


Blockchain PR The Definitive Guide 2020 (https://guerrillabuzz.com/blockchain-pr/)


Noob friendly guide on how to verify the message about Craig Wright XD (https://old.reddit.com/r/CryptoCurrency/comments/gqrf11/noob_friendly_guide_on_how_to_verify_the_message/)


Percentage Based Crypto Portfolio Template (https://old.reddit.com/r/CryptoCurrency/comments/gqrf11/noob_friendly_guide_on_how_to_verify_the_message/)


Everything about BTC miming (https://www.vectorstock.com/royalty-free-vector/bitcoin-mining-infographics-vector-19171566)


Cryptocurrency Security Guide For Beginners (https://exscudo.com/blog/blockchain/cryptocurrency-security-guide/?utm_source=reddit&utm_medium=social)

Ok, those are my favorite crypto-related content I encounter in the last few months if you have something you want me to add feel free to comment or pm me and I will add it, enjoy:)

The shift has being significant and we as well had moved from investing in such asset to crypto and future generation will surely invest in such digital currency. Bitcoin being one of the very prominent coins so the returns are also much better and should be buying it. It can make people millionaire in future if it continues to do better in coming time as well.

The transition from gold to bitcoin is not always the case for any one on what they prefer coz these two are very different. No matter what generation you are from, if you want your money to be safe you will just go with gold. If you are brave enough for your money, you are going to inject it in the market in form of bitcoin and just watch what will happen in time. It really depends on what the person prefers to have, not because they are born during the trend of bitcoin or gold, it will really depend on how well they understand the things about these two. I'd rather call it 'addition' than transition, sounds better to me.

Firstly I would like to say that you actually did a lot of work to assemble this article and hats off to that .

Now let's talk about the topic , the thing is I once heard some person say , you don't loose money 💰, until and unless you don't cash out...

This is something that did stop me from selling my Bitcoins for the longest time (but alas family needs comes first) , then again Whosoever does have a lot of money to invest, you have to actually hold onto your Bitcoins since , everyday we are seeing advancements in the technology concerned with Bitcoins , every country is now accepting Bitcoins and integrating Bitcoins in their economy more stronger everyday .

Countries who are not willing to give Bitcoins a good time , they also have started giving it a second option because there are already millions of users being left behind even if one country decided to ban Bitcoins.

Just buy and forget, leave the trading to the risk takers. Not only your wealth will be preserved, but if you compare it to keeping it in fiat, you will no doubt feel that it "grew"  (more like fiat is losing value every day).

No such thing as a red. The only losing occurs if you sell, so don't.

this is a gradual process, here in my country, the majority still hold gold while some few percent are btc holder and the number keeps increasing daily, sooner people from different countries will realise the importance of holding even a small amount of btc, this is the future digital currency there is no denying that.

That is an informative topic and would really help lots of new users in the forum and that includes people like me who still want to take on trading. Trading Bitcoin on the green would not always result in something good because the price is already high. I would like to buy in the red even though it has the possibility on going lower but it also has the opportunity to get back into a green line which will be a glad sight to most users. HODLing is really an effective method since they can just stock up the Bitcoins that they are HODLing.

While generational change can also be a reason to the advancement of bitcoin in certain fronts, I still think that it has minimal effects. I guess due to it being easier to procure and to sign up for is what pushed it to be more appealing to the younger generation, since most of them are just beginning to learn the ropes of investing and other financial stuff that they will have to learn as they grow old. Compare signing up to a crypto exchange on getting signed up for a stocks broker or gold and you'll see that it's easier to accomplish the former than the later. Also, traditional assets demand too much from the investor/trader, usually taking most of your time to check when to get out and when to get in while bitcoin and crypto offers the liberty of 'hodling' and still get some profit even by just letting your coins idle for a long time.

Very interesting post! Those who are interested to learn in bitcoin or cryptocurrency can get a lot of knowledge through different articles  that you worked hard for in your post.
All i know,you lost money if you sell it in a lower price. But as long as you hold it, you still do not lose if you wait for the price to rise before you sell

Bitcoin gives money to those who have the bitcoin spirit and vision. Not many people bought during the deep of 2018 and 2019 and those who bought to hodl are now smiling. Is about passion for what you believe in.

Wow, lots of sources that we must-read. But this is also important in order to get knowledge and also experiences from all of the articles.

About this:
It really offers a different though and also a consideration for each generation. Personally, I am in the second generation, as what you do right now, owning BTC and also gold. These two are really worthy to hold. Although many people say about comparing the two, I personally never have a problem with these two. As long as they are worthy, however, of course, it is also important to analyze the future of the two along the way.

When we bought BTC at a high price and then the rate is falling down, what should better do? It is a very common condition faced in the Bitcoin market because of its volatility. It is still a good thing if we are a daily trader where we have known the pattern of the BTC price and have gained more profits before reaching to buy the BTC at the highest price before falling down. However, how if we bought for long term and it is at a high price? It is very risky. But, if you are a long-term holder, prefer to hold them until the day it passes the rate.
However, sometimes, we need money at a certain moment. This will lead us to take the risks and sell the BTC whatever the condition. This is the risk.

You'll never lost money on bitcoin if you go for long term hold, of course you need to hold and wait for the right time to sell.

Usually if we do hodl we aim for a higher price, so it means a long term hold and while holding we have to believe that the market will improve in the long run and that massive adoption will be achieve.

It's risky but if you trust bitcoin to gain massive adoption in the future, that would make you feel relax and confident while holding, you won't even bother checking the price from time to time as you know how volatile the market is, what you will have to check are the good news and on how it would affect the future of bitcoin.

It's just consider paper loss yet if the price drop and didn't sells it, but if they bought in a too price high or peak of BTC in 2017 it will took time before they wil be able to get profit or recover, if they have long patience and set it to be used as their retirement savings then it still consider as an investment, but they can still withdraw and considers to stop loss anytime if they are impatient or in need of money. I bought some btc before the price pump and also add some more when the price at peak before and  just decide to convert when the price stated to fall or perhaps it falls already since it's only few profit I gained those newbie days. I learned my lesson and considers it as a good experience to study trading well.

Im lucky i didn't buy at the red when the price reached to 20k dollars because everyone was so optimistic that it might reach to 100k USD which is very bad and might indicate of a pullback, and it did.
There's also another article that's interesting called stock to flow ratio. It displays the 4year cycle of Bitcoin and interesting prediction about BTC possibly reaching 9,000,000 million.

@OP, Bitcoin is as volatile as with any other cryptocurrency, so even if you didn't "buy it in the red", you could also loose money if you sell it at a lower price than your acquisition cost - this in turn is the idea behind long term hodling in the hope that BTC's price will reach new ATH.

I agree, that's why I believed that trading, specially crypto is not for everyone. The market is very unstable and volatile, and if you don't know how to play sooner or later you will suffer that big loss. Used crypto specially bitcoin as store of value then you are all set.

Just hold and mentally prepared not to panic though if you see the price declining, long for the long haul. And I'm sure you'll be happy when bitcoin reaches another all time high in the next two years.

Generation after generation, everything is changing.

The technology is evolving rapidly that is why people are changing right now in terms of investment too. I'm not into trading but I'm holding Bitcoin at this moment. I don't want to trade anymore because of the stress. In holding less reward but less stress. If you bought in the red and lost your money, just hold it for the long term since it is just a paper loss unless you can't bear the losses  you have then you can cut losses.

I don't have gold now since I'm invested into Bitcoin and for sure my kids in the future will own Bitcoin too and maybe Gold.

Everything is a cyclic process, and the wealth creation isn't an exception. Based on the development things change and beyond certain point once again people begin to practice the old tradition. Earlier gold too hasn't got value, little by little the demand created value for it. Later as technology grew, the gold investment turned to be a digital asset. Now complete technological change is happening with the bitcoin.

Based on the cyclic change we're experiencing the change between the generation. Hope the entire population support the wealth creation through bitcoin in the near future.

Gold to Stocks to Cryptocurrencies, indeed it has evolved.

Millennials Prefer Bitcoin to Alibaba, Netflix Stock as GBTC Hits $10K (https://cointelegraph.com/news/millennials-prefer-bitcoin-to-alibaba-netflix-stock-as-gbtc-hits-10k)

Survey Finds 27% Of Those Aged 18-34 Prefer Bitcoin Over Stocks
 (https://www.forbes.com/sites/ktorpey/2019/04/30/survey-finds-27-of-those-aged-18-34-prefer-bitcoin-over-stocks/#1ee60e07b2e8)

And it's easy to transfer our inheritance to our kids with crypto, I'm sure majority of us has plans already. And that's why holding is really good long term. Of course, if you want to sell some stash specially when we hit another all-time-high is fine, as long as you left something for the future, not just for you but for your children.

Not all the time, some people who are determined to make a lot of transaction, sometimes they are the one who suffered the most. Patience and timing is always necessary and as soon as possible, don't always trade, don't always buy and sell if you are happy because it might affect your assets and decision making.

But still, it is about your prediction, it is about your critical thinking skills and good decision making that will make you successful.

The price of Bitcoin has already reached around $20,000, so if you bought BTC at that price down to $13,000 you are still losing even if you're still hodling until now.

You are also losing if instead of just hodling you tried to play with it on exchanges. Ironic as it may seem, trading may actually be one of the easy ways to lose your Bitcoin.

As to Gold, I don't think it will lose value anytime soon. I don't think the next generation will lose appreciation over Gold, especially not due to Bitcoin being touted as the new Gold or the digital Gold.

I like your topic and all the informations that you bought here, you even provide a graph. Common mistakes of investors are buying assets at the red point or the ATH of a certain currency, once
the price will start to fall again then the investors will automatically lost some of their investment if they will decide to sell their assets to stop their losses.

And for the long term holder, I really salute them as there are investors who were able to patiently hold their assets for several year and they will just dispose their assets once they can sense that
their assets are in the new ATH. Mark Moss tweet is very interesting as it is pointing forward to the future generations where bitcoin will be more valuable compare to golds.

Those who bought at the red were those at disadvantage for now. This is because ever since then, the rise in price has not reached such a high price again. Until the price reaches high time high, these group of people will still be in loss. However, from the chart you have posted, it is certain that the price of bitcoin will one day be higher than the previous peak rise which is more reason why we should keep on holding. The ability of individual to be perseverance will determine this.

I don't fully agree with the statement mentioned in the post and which is also the name of the thread. In many cases, it's probably a true statement, but definitely not always. If a person bought Bitcoin when it cost $15k or more, this person did not buy in the red and could hodl for years with still being at a significant loss rate. However, one could argue that it's a matter of time and these people will also be in profit at some point (maybe even this year, seeing how Bitcoin's been doing), but since we cannot know for sure, it's not a good argument. And those saying 'you don't lose if you don't cash out' should keep in mind that you don't win is you don't cash out either.
As for the articles, they don't justify this claim, and some of them are interesting.

Most of the buyers aren't that much patient with the bitcoin price, they see that the price is falling and when the price becomes 50% or less of what they brought bitcoin at then they panic and sell all their holdings thinking of cutting their losses, but as most of the veterans know that bitcoin always touches rhe high price again in the future if it ever falls below it, right now the price is at the high that it achieved in the whole year of 2020. So, we should be patient and the price will again reach $20k or maybe even more than that.

actually most people lose money because of their naivete and panic sells not just because of buying at those small time frames or not because of not holding. for example they could have bought bitcoin at $9500 and panic sold at $9100 just because someone FUDed them into thinking $6k is next and then price jumps over $10k and they buy at $11100 and panic sell at $10800 just because of another FUD that tells them $6k is still coming.

The tweet from Mark Moss is kinda wrong.Why won't his children never buy gold?Will gold disappear after 20 years or something? ;D Gold would still be the most valuable asset after a century,It would be nice if Bitcoin reached the level of popularity and trust that gold has,but we have to bear in mind that Bitcoin might disappear or change drastically in the upcoming 10,20 or 100 years,while gold will never change.
Pretty nice chart,but we heading towards another ATH and many people will buy at the peak,without realizing that there will be another price crash and bearish market.

Thats true, if the price didnt reach or surpass the amount you bought your bitcoin then you're losing it even you didnt sell. However the good thing about holding is there's a chance to recover/take profit if you keep holding until the price soar high.

Thats why it takes a lot of patience in order to gain profit. If you engage yourself at times the market are in bearish status then there's a high chance to earn once the market recover.

I don't know how many of people here uses Bitcoin to take risk in Day trading but what i believe is they usually buy altcoin compared to Bitcoin.

and why need to rush for Bitcoin since this proven to have gaining price eventually every after falling?

i would rather buy and forget than checking the market each day to see what is happening to your Bitcoin.
Currency will stay fair until we decide to sell off,so why sell when you know that your at lose?when we can wait for some time to recover again and then we can sell in profit?

The return is coming slowly but surely. as you can see the price in the market has not been decreasing recently, rather it's increasing nowadays. Now it's up to you guys whether you will have a courage to invest in this kind of situation. What I mean is, we might be hitting some new ATH here whether there will be another good news or not. the market seems don't really care, it keeps increasing recently and so as the ETH by the way.

There are lot of people in here that uses bitcoin in day trading because it is the most volatile coin in the market where they can easily lose or gain profit. Day trading in altcoins is less profitable when doing it with bitcoin especially in coins that is less popular than ETH, XRP, etc.

Because others are afraid of being left behind, and for the count, when you do buy and sell bitcoin you can maximize on gaining from it rather than safely holding it.

Other people tend to have a weak mind in this industry, bitcoin is very controversial currency coz it is decentralized it is still possible to get back to 0 if people in the network cut it off.
Some people are selling to avoid more losses especially when they badly need the money, can't blame them for that.

To get back your loss in cryptocurrency, you should hold till the price is back to it's original price. Now the price of Eth reduced to 404$ from 440$.Many traders may had brought Eth, when the price is around 440$. It's seems 36$ loss in their wallet, but it's not so.Untill he sell their holding Eth at today price. If he hold their Eth till the price back to 440$, he won't lose his money. This is hidden secret in this crypto trading.

Digital currency is the future, full stop. The only finance in the future will be anything else but fiat. Fiat has let too many people down; too much corruption, too much injustice.

The green shift we witness today with BTC is spreading across the entire crypto sector which is fantastic news. Future generations will be far better off than we currently are as the potential of digital currency is huge, not only financially but technologically too which in turn leaves plenty of room for massive health improvements. I'm talking technology+human -> the newer, better version of humans - transhumanism!

no he doesnt wait for the highest price because he dont hodl verry long .  

only those who are legit long term investor are the one that can experience the highest possible price btc can get but most of them do also miss the best oppurtunity due to over hold.  we can lost not only by bad timing or lack of patience but also because of getting scammed and hacked

That what we call greed investment.. Me myself on most part playing safe with all others kind of cryptos. i will sell when i think to sell even tough it still can get up. For me is enough with a profits rather then a lose so to be a hodler you need to think this deep.. How much you afford to lose if you losing money.. and how much will you take if it in profits? The answer inside yourself.. To be greed or not.

If the Bitcoin price decreases by 10% I will not hold the Bitcoin that I have. I will sell it, for information my every investment
always use the stop-loss feature, after my Bitcoin is sold, I will buy again at a lower price. With this strategy I managed to cover
the losses I got and was able to turn around to make a profit, even though the amount of profit was not large.

This was pretty much impressive for the OP have exerted much effort gathering essential news articles and information that can be useful for the ones who will read it entirely. Honestly, I just read few of those articles for I have put into focus the subject of this discussion thread which is if you lost money in Bitcoin is there might be some mistake you have done putting you into such situation. Well, it is right that buying at wrong time might get you to encounter having loss of money in Bitcoin but we are in a volatile market so it is an important thing to always take observance on how the price behaves supported by facts from news articles to help you decide if the time is just right to caught up the right opportunity of buying and selling your Bitcoins.

When it comes to holding, we cannot partly state that we are sharing the same situation because we have different reasons why we tend to pull off our holdings for better usage but as much as possible if we could hold back, better do hold while you can for Bitcoin do always recovers after great loss and you would just be surprised by it. The only way you could lost money in Bitcoin if you have mistakenly assess the situation and do impulsive decisions making you loose the opportunity and that would make you lost money not just with Bitcoin but with other cryptocurrencies as well.

The same process you do but mostly mine is just for only 5% I will buy some bitcoin and if there is another down movement I will make an investment again because this is the most efficient way to even profit even it takes a lot of time before I got my profit still profit is a profit it doesn't matter how much it is.

Still a good job for OP on bringing all of these articles this will becomes very helpful to the people who make afraid about their losses and what are the mistakes they've got.


For me, these are the both profitable right now but if you want to make a secure market income why not go for gold but if you want to ride on the market volatile it's better good to make an investment with the use of BTC right now I can not afford the use of gold instead I have right now a small amount of BTC that will help me to make earning.

Gold is not for people who want to earn a profit immediately, because gold is for a long term investments and most of the investors knew that, so i consider Gold as a safer asset than bitcoin. But the another difference is that, bitcoin can give you much larger profit when its price suddenly goes up due to its volatility in the market.

Bitcoin should be manipulated depending on the market situation which is really important so that it will become more profitable for you. You should really deal with the risks in order to make your investments worth it.

With volatilities the same strategy is still risky, the possibilities that bitcoin will continue to fall once
bears breakouts and overpower the bull.
It means that it will continue losing the value, and most of the time weak holders are not ready to
this kind of situations.
Adding the pressures and it will continue to keep losing its value, you always needs to assess in order
to balance your strategy so it will be beneficial in your trading business.

Bitcoin is such an easy investment, pretty much like Apple, Amazon and Microsoft. If you had balls to buy and hold it for at least 2 years you made money at any given point in time.

I don't get why so many people hate on Bitcoin. You tried to play the game and the game played you. Is there even anything to complain about besides the part when you prove that you're one of the maybe 5% of Bitcoin's investors who lost money? It's like saying you failed primary school ;)

All the times are not good enough for making huge profit. Sometimes we lose and it is the basic rules of crypto currency. We should buy daily at least a few amount.

Theoretically nothing like RED. Practically, there's such thing as RED, whenever the market go downtrend from the purchase point then RED has occur.

Weaker hands will always sell off their bags when the RED occur, but the stronger hands will always hold their bags. You loss because you don't hold and not because you bought from the RED zones.  Holding onto your bags even at RED zones is more profitable than gold  ;D e shock u abi?

Uneducated people live to moan and always use bitcoins volatility as a bad thing in every single argument they make. Yet they forget fiat is weaker each day. They forget about inflation. They just look at the graph and go "oh look I lost money" meanwhile 3 months later they would have doubled their money. This is due to fiat slaves only investing to get more fiat and not because they believe in bitcoin or its value.

keep buying bitcoin, because we know that bitcoin will still exist today, even in the future the prediction of bitcoin will go up high will prove to be one big surprise, so hold bitcoin is the best option and forget about losing

Yes at this time is very good time for enter market. Buying bitcoin and holding of it will be a great news for investors. So forget about selling in this time.

Makes sense. I'm actually a bitcoin long term holder.
 And to be honest, bitcoin experience a curve market movement but I still did not lose much and that's a perks of being a long term holder.
 
 And I kinda agree on that younger generations like our daughter, grandchilds will be the next generations that will highly consider bitcoin as a good investment in the future. Though gold is taking a stronger grip even in the future, but bitcoin will not be left behind and will still continue to rise in terms of advancement technology and in terms of it's value making it more special.

Sure they are! But the question is, how large would be the portion of the upcoming youngsters would be interested in investing? No one knows for now but I hope the number will be considered significant by that time despite of knowing the fact that teenagers/young adults are getting more addicted to leisure activities (particularly playing video games) as time goes by. That's why I really feel pity for those "Easy go lucky" kind of person. So immature :-\. They are just focusing on the enjoyment of life — they don't know how adulting s*cks.

Yeah, I think OP got a misconception. I guess it supposed to be sell and not buy.

From bitcoin maximalist's point of view, future generations aren't going to consider bitcoin an asset to invest money in. It is simply because of the fact that bitcoin itself is money and will likely be used as money of the future to make investments in desired projects. Today, most hodlers aren't investing in bitcoin for profits, they are investing in future in which bitcoin is used as medium of exchange and unit of account. When it happens and bitcoin becomes both MoE and UoA, it will no longer be profitable, it will simply be. So, I would rephrase the statement made by OP, because if you didn't sell it and won't sell until bitcoin is recognized by future generation as common money, it doesn't matter at which price you bought bitcoin.

To loose money in crypto is still pretty simple. People like to buy on hights and sell on lows

I agree. Every decision must be made though analysis first of the possible consequences by doing so. You have established a concrete example here and I could not agree more. I am hoping that this development would continue.

Losing money on bitcoins occurs when you sell them. But when you keep holding it you still have your money. when the price of bitcoin drops is when you have to buy it again, a good bitcoin investment is done using a long-term method, because the price is very volatile, it will continue to move. To reach the new ATH bitcoin will take a long time. this will train your patience.

Not really. If something is valued in a certain way it doesn't mean it will be valued higher later.

You bought coins for 10 thousand and now the price is 1 thousand. You can't say that you haven't lost money on this investment because in the present you have less than you used to have. It doesn't mean you will not get even next month but as long as you are on the loss you are on the loss. There's no denying it.

Would you still be saying that you havben't lost anything if Bitcoin went to 100 dollars and stayed there for another 5 years?