Bitcoin Forum

This is something people (mostly newbies probably) seem to forget.

Nothing is permanent and BTC will recover. It's not the first crypto winter and certainly not the last. Life is made of ups and downs.

People think they lose money so they sell for crappy fiat. They actually lose when they sell and buy the crappy fiat. Look at inflation, it kills your fiat money every day.

1 BTC is still 1 BTC no matter the price. It's the best warranty for your future. There is no pension that will ever give you that. Think long term.

Do you want a financial secured life? HODLing is the best thing to do ;)

And people will still laugh at you for keeping bitcoins while the rest of the world is falling apart. Well, if there is something that history taught us, it is that we should not really listen to what other people are saying especially if its for bitcoin crashes. 5x it has crashed so badly but it always recovered ever so gracefully, and those who held through all the dumps and all the reds in the market are rewarded handsomely for being patient.

Hodl, if you still can.

But new entrants haven't experienced that, and sometimes they point to the profits they are envisioning until they lose. Most of the time, boredom is always on their mind. It is difficult for them to understand the value that BTC will bring without tomorrow, but I have also experienced periods of asset loss when buying BTC and just expecting it to bring it. Give me a larger amount of money to spend on other things in life because each of us is different, the experience will be different. Just be positive and look towards a better future with the effort to do better at the job that you have as well as to build a more practical idea in life. Then everything is fine, and one day we don't want to sell anything except the BTC we purchased.

If you mean circulating supply then it is true that the number is currently 19+ million, but the max supply is still 21 million and will be almost reached in less than 10 years. We also have to accept that part is currently lost, and various speculations about whether it is 10% or 20% do not play too much of a role, given that there is more than enough BTC on the market for anyone who wants to buy.

As for the current situation, we need to be aware that not everyone can afford not to sell, people are panicking because the bottom is not in sight and media campaigns are relentless in trying to portray Bitcoin as a Ponzi scheme that is finally falling apart. This is a time for cold heads and strong hands, because everything is losing value.

If people could hold bitcoin when the price was down and not panic, they would make a big profit. But the reality is not like that because many have bought bitcoins at high prices and can't stand it when they see the price drop drastically like it is today.

1 BTC is still 1 BTC but they don't care because they want to profit from selling BTC. When they see the price fall, they think the value of their money is decreasing and they should anticipate it by selling the bitcoins. But if they kept holding it, there was a possibility that the profits they would get would be great later.

We can only warn them and let them make the best decision for them. Meanwhile, we better hold our bitcoin.

1 BTC = 1 BTC
It's a simple tautology, and of course it's correct. But that doesn't give us any useful information. And if we want to use it as an argument, then by this tautology we actually mean that the price doesn't matter. Now that, however, isn't true. The purpose of money is to be a medium of exchange. And yes, you can exchange (sometimes) Bitcoin for goods or services. But let's say you have 10 BTC. Would it matter to you if you can get a nice flat for 1 BTC or just a good bike for 1 BTC? Or only one pizza for 1 BTC? I believe that it would. Because the purchasing power of money matters. So when 1 BTC is $60k, it means we can buy $60k worth of stuff with it. If it's $20k, we can buy three times less than that. Completely disregarding this fact seems unjustified to me.
So while I agree about the long-term perspective and about hodling, I have problems with the 1 BTC = 1 BTC phrase.

Some old traders are actually forgetting the face that BTC value will rise no doubt how much BTC will fall.
People have seen similar circumstances in 2018 , when BTC suddenly crashed to 3k usd from 20k usd.
At that time many wise people bought many bitcoins and guess what they were able to sell their coins in 20x profits.
So no matter how much down the price goes, due to the limited amount of Bitcoins present in the Earth, the price will definitely go up.
So just don’t panic and sell your Bitcoins, instead buy as much Bitcoins as you can.

That's right, my friend. In fact, for people who think that Bitcoin has become expensive especially when it hit the $60K mark, this is the best time to add more BTC holdings all because we know that soon there will always be that reversal of fortune...that is taking the very history of the price of Bitcoin in the open market. In Bitcoin, there is a great ascent and there can also be big dips and dips is where the opportunity is. We should never forget that truth.

It is true that 1BTC remains 1BTC regardless of market condition or situation. What about those of us who were introduced to BTC when the price was as high as $60k? We then began experiencing a bear market while it dropped in price, and many people advised us as newbies to be patient and keep holding that it would pump after the new year, but the market condition has never been stable since we entered 2022, and BTC is now below $20k. Though we must continue to hold because we cannot sell at a loss, my confidence is beginning to fade.

This is the impeccable truth. 1btc=$1, 1btc=$100000, it doesn't matter. 1btc will always equal to 1btc. As long as you try to maximize your bitcoin numbers, sooner or later you'll be on top against the dollar. Even if you don't who really cares? When this is over, there will be USD no more. FIAT is dying and bitcoin will soon take over.

When I returned to the cryptocurrency scene in 2020, I set a goal of accumulating as much Bitcoin as possible. I'm not actively purchasing due to being on a tight budget, but any amount earned from microtasking or signature campaigns is set aside for the future. Despite my goal to hold long-term, it's still saddening to see your money being worth 1/3 of what it used to be a few months ago.

The 2018's crash made me quit Bitcoin back then, now I'm determined to stay and acquire as much as possible. I'm expecting a long bear market period, lasting at least a year or two

People panic and sell their bitcoins, they don't look at how much bitcoin they are holding, they look at the value of their fiat money going down. They are speculators and they need short term profits they don't see the real value bitcoin will give them if they hold long term.

People who are selling bitcoin cheap, they will regret it when bitcoin hits 100k next season and we will see them rush to buy bitcoin at $100k. trust me.

Well, you are definately right saying nothing is permanenr. And neither is BTC imho. It's a great step in the right direction, but it's not the only thing nor is it something so flawless that it doesn't need to be upgraded so to speak. So we can't really be sure what will hapoen with btc or how the price will behave.

WRONG:  You CAN sell at a loss, at least you get something back.

WORSE THAN SELLING AT A LOSS:   Not selling at a loss and loosing EVERYTHING   :o

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The number of coins means NOTHING.   Scarcity of something with zero value does not give it value.

I have 1000 HardFacts NFT tokens,  there will NEVER be any more.  They are more rare than BitCoin.  So how much does that make them worth ???

There are a LIMITED number of shares of Celsius available, so that means Celsius will always be valuable.  

It is astonishing the mental gymnastics and utter denial people will engage in when it interferes with their fantasies of getting rich  :D
 

A quick reminder:

The hodl line is still at 3 years, 4 months, and 4 days

You can see it live here:

https://hodl.camp

This means that, no matter when you bought Bitcoin, if you waited at least that amount of time, the purchasing power of that Bitcoin is higher than the purchasing power of the fiat used to buy it. And that doesn't even consider inflation. Also, this is the worst case scenario. In most cases you're way better off.

Not do long ago, 20k was a dream. Of course we're dreaming bigger since then, and that dream in currently in halt, but long term, I have more faith in Bitcoin than in dollars or euros.

Yes,
But 1 Turd is still 1 Turd, and it stinks no matter the price.  :D


On a more serious note, people should have only invested what they can afford to lose.
If people invested more than they could afford to lose, they should correct that, if there is enough time left.

virtualdn has decided in an all or nothing Gamble. (His choice)
Investing does not have to be an all or nothing gamble. (Your Choice)
Good Luck in your choices.

Bitcoin has progressively smaller bull markets, it's less and less likely that the exponential growth of early days will be replicated. Bitcoin's fundamentals are very unpredictable - it's a purely speculative asset, if people will simply refuse to believe that it will go up, it won't go up. Bitcoin shouldn't be viewed as a substitution for saving accounts, that's insanely irresponsible and basically gambling.

I definitely and wholeheartedly agree with this post.

Like with countless of similar threads that I have mentioned, the prices of BTC have already reached an ATH of $60,000. Though this happened last year, you can definitely see its potential of reaching that price when the market stabilizes in the near future. Given also that the nature of BTC is deflationary in nature, its supply (like OP mentioned) is capped at ~21 million. This means that its price would always increase as more BTCs start to circulate the market.

Again, for long-term investors, HODL will be the key. People may judge your decisions but you will be the one reaping the benefits as soon as the price slowly starts recovering in the future.

1 Bitcoin will always remain one Bitcoin, that is very correct. What is changing is the Dollar value at various times, and you only needed to target the appropriate market time to either Buy or Sell. The market forces gives investors opportunity to Buy or Sell so as to make profit. The volatile nature of Bitcoin as well as other cryptocurrencies makes them an investment instrument for investors who understand the associated risks. The rule of thumb is to Buy when the value is cheap and Sell when the value rises appropriately. If you are holding 1 Bitcoin, it will always remain 1 Bitcoin, so why not Buy when it is cheap?                                                                                                                                                                               

Yes, they will definitely regret seeing bitcoin reach $100k in the next month or year because they already sold their bitcoins in a panic. Panic will not do anything but will only cause harm to us. If they want short term profits, they can buy cheap and sell high and the profit is more than enough. But sometimes, those people only think about multiplied profits in the short term but they don't remember that it can't always be obtained. I believe bitcoin could cross the $100k mark in the future and it's just a matter of time.

Yes HODLing then HODLing then HODLing, this is the best strategy at the moment, everyone who sells bitcoin now will regret it very much later, in fact they lose twice, first because they sacrifice the precious bitcoin at very cheap prices, and second because they exchange it for fiat that is constantly losing value Because of inflation, this is a double loss, in any case those who give up bitcoins you should not grieve for them because they deserve this loss, they do not know the true value of bitcoins so they do not deserve to own it.

It actually matters a lot! While I don't disagree to rest of your comments, this one is really useless. Unless and until we have widely accepted unit to measure the value of bitcoin, it will never be accepted by the mass. The main attraction of bitcoin is actually its potential to go much higher. But if don't consider its price against fiat, that attraction will be gone.

1 bitcoin = 1 bitcoin argument looks good in books but not practical at all.

What about that 19m coins on your title? Did you forgot to explain it or what? I though there are 21m coins (supply of btc) or you mean this was the remaining btc left? It still seems not right because btc is now 13yrs old and with that duration there is only 2 btc that have used/consumed? Isn't that that too low.

Nothing is permanent in the world, that might be true but it can also mean that btc will dispensary soon? And maybe this bear is the start of it but I hope not as it is still early and all the 21m coins haven't mined yet. Not all that sells, think they lose but they sell for a better purpose and some of the are still in profit since they bought their btc lower than the current price.

It mean the proposition of the coin is same,So you can sell at anytime.When the price of the pump more than a brought price.Patience is the key to the success of the project over the period of time.Don’t panic with the fall of the bitcoin price.The price fall is due to the phenomenon of market less demand of the crypto currency.Demands and supply was cause of the rise and fall of the price of cryptocurrency.

OP though is pretty legit. I think we have a lot of discussion about this. But still, people just think about profits in fiat. Because they bought at a high price literally he lost his portfolio in USD. We can't exclude this thought as well, the reason is when we buy Bitcoin need to pay in fiat. So the calculations of fiat come automatically. They become panic and start selling, so that is how they become a loser. No loss for holders, we love Bitcoin for volatility from where we make money. Holders will gain eventually.