Bitcoin Forum

* divert the view from BITCOIN. According to Willemien Kets, Associate Professor of the Department of Economics University of Oxford, the rise and fall of Bitcoin's value makes this digital currency so attractive. according to him, examining the value of cryptocurrency is continuously very unproductive.
* principle hold. a strategy to hold Bitcoin by moving assets to the Bitcoin purse to keep it safe. when people sell and buy Bitcoin in a cycle, they miss the big picture of cryptocurrency and the blockchain technology itself.
what do you think?

if you are a trader then you need to be aware of the market at all times if you want to continue trading. this means checking the price or having an "eye" on it so to speak. this can be you checking to see what the price is or it can be placing alerts, or using things such as stop loss orders. saying "don't check the price because it is dropping" is just dumb!

if you are not a trader and have just made an investment in a proper dip and not at the peak of the bubble then yeah don't check the price every 2 minutes but still be aware of the general movement.


the same thing applies here too. there is a difference between those who want to keep on trading and increase their profit and those who just bought bitcoin at some point, lets say at $2000 last year and want it as a long term investment that appreciates after 10 years.

This is a load of BS put together. The author seemed to grab one good and one unrelated point and put them in one sentence.

Point 1
I agree that volatility is attractive.
I do not understand that examining the value is unproductive. You should always be aware of the market you are trading in.

Point 2
I agree that HODL is safe.
What does this have to do with the big picture and the blockchain technology.


And it's a Bitcoin wallet and not a purse :)

It's only natural to monitor regularly or on a daily basis the price of bitcoin, because in a trading line of business when you don't check the price of bitcoin regularly then there is a chance that you might let the price increase slip one can never know when it is going up or down so monitoring is really essential. Or else you might miss an opportunity cost.

Well I really think that you will need to have a watchful eye on Cryptocurrency in certain times when the value is from the top going to the bottom I think we need to keep watch when we seen certain movement down and Convert some of your bitcoin to fiat or other currency, But if you forgot to do it and bitcoin is down then it is good to keep away from bitcoin and do other stuff just like this sudden dip I never look at my wallet so often because I will just see the amount that has gone to my wallet.

I really do not get it on why it is productive to constantly check bitcoin prices as it may be the indicator on whether you should acquire or sell bitcoins to maximize profit and minimize losses. The funny thing is, the ones who complain into NOT investing when the prices were around $18,000-$19,000 are the ones who are saying that today is the end of bitcoin. The irony and their logic somehow bothers me in a way that they do not fully understand on how cryptocurrencies work!


First of all, the rise and fall of bitcoin's price is natural phenomenon since we all know that it is very volatile. Second like what I said earlier, examining the price of bitcoin is NOT unproductive since it makes you updated to all the recent news that may affect your initial investments or future plans. Lastly, exchanging your bitcoins to tangible assets may be a good idea but it primarily depends on an individual towards his/her goal.

with great pleasure if you are willing to share some tips for me sir  :)

What associate prof has said is what is happening! Bitcoin become popular because of the ways traders are given testimony that they are making it big from investing in it. Many people buy bitcoin this day not because they believe in blockchain technology that it is going to change the way we used money but because of what they will get from it rise of it pricing. Bitcoin has not been failing to rise anytime it get dropped and many people believe that when ever they buy bitcoin low they are going to sell it high and that is the major motivation for buying bitcoin.

I wouldn't go so far as to say an a point of view like this is completely bs. Compared to some of the garbage we see here ever day! Points of view from academia should be seen as a sound voice of a minority.

I agree he's wrong in saying that we shouldn't examine Bitcoin's value. Should we just abandon analysis of its underlying tech and how it's already changing the way we see money? Then Bitcoin becomes purely speculation.

We should always examine value. Perhaps not as a daily obsession but surely to guide our long term decisions. I mean, if there were an alternative I thought to be more valuable than Bitcoin, I'd switch. There isn't and I believe there won't be for a very long time. But I can't assume this to always be true.

Largely agree here. I am strongly of believe that if Bitcoin is ever going to be surpassed or deemed redundant, it will be because of a completely new bit of technology, and it won't be related to crypto at all. We have seen how many altcoins there are in this market, where some of them do actually solve a problem that Bitcoin doesn't, but it by a huge distance still isn't enough to even tickle Bitcoin. People can focus on shitty metrics as market caps as much as they want, but nothing comes even close to how robust and secure Bitcoin's network is, and how much money there is flowing into its ecosystem. People aren't interested in gimmick features that altcoins offer, they just want to move value from one place to another without central party involvement, and that at ultra low cost. With LN knocking on the door, they will get exactly that.

  I am in the same situation as you , The daily news , ups and downs does not matter to me , While there is some amount of my BTC acquired at low price , There is still big amount I bought at high price , I really do not care of the small % that happen daily at the moment . I still do not see the reason why we can not follow the market news , prices and charts every day ( to gain experience) . I follow the prices every day and deep inside I know I will never touch my coins until @ certain price .

Im feeling myself shit for not having sold at the top. It was a opportunity to have more bitcoins now. And I missed it.

Now Im trying to predict a top, but theres all this talk about banks going to buy bitcoin for its reserves, after that US senate meeting. So you sell and get burned as it can go higher. I still believe we will reach 25k by march.

not all of us can be traders. either for lack of experience or lack of time. and sometimes doing nothing is better than getting involved and selling/buying.
now it obviously is easy to say i wish i did such and such because the chart is clear but at the time price is going down everyone is asking the important question "is it the bottom or will it go lower".

This is a good strategy and hodling your coins is usually a much better strategy than trying to beat the market, unless you are an experienced trader.

yes indeed experience is very important. but, for me only the courage to take the risk that is thought out right now  ;D please give me input pack for more steady again in making strategy

The reason why continuing to examine the bitcoin's value is so unproductive because often you're tempted to sell when the market is performing at its worst and clearly a recovery will happen soon.

And same applies in a market that is extremely bullish, people seem to be tempted to buy when price is going up daily, instead of when price is plumetting and clearly buying the dip is the best decision to make.

Hold your coins, check the price every now and then. But make sure that you don't make hot headed decisions like most traders make and they lose a lot of money at the end. Bitcoin is a long term investment for all to make, not a short term one. Don't invest if you're not patient.

Volatility especially when the value drops makes people confused and will likely to fall whether to hold or dump. In this kind of situation, we intend to do some research what is its reason for falling. But I think not all people will spend time doing this task that is why they tend to be the victim of panic selling. Btc has proven its power to be the leader of all crypto so in times of red days we should be wise and  believe the positive bounce of its value.

No doubt volatility is one of the major reasons why bitcoin and cryptocurrencies got attention, and yes whenever volatility increases people move their attention towards the cryptos due to the hype created in the media and environment. But i disagree with the second part of your first statement, examining the cryptos is not unproductive as this helps you to get in touch with your assets and the market as well.

Indeed, to HODL bitcoins minimizes your risk in cryptos because bitcoin is the most reliable cryptocurrency so far.

I ascribe to "principal hold", meaning I'm withdrawing all of the year's trading profits and holding the principal. This technique has kept me out of trouble for 5 years

I agree on the principle - hold, if your aim with bitcoin is for long term investment then thisnis the best option. But if you are a trader then you must check the prices from time to time so as to make bigger profit.

Willemien really had a point if you don't want to see the drop on bitcoin price then divert your attention and do something nice or listen to music, You just need to keep calm when the market is down bitcoin will really get in you so you can panic and sell it, And bitcoin will not go any where if you haven't sell bitcoin when the price is so high then never sell your bitcoin when the price is so low because you would surely lose your investment, You just need to calm down and diverting your mind with bitcoin is really a great help.

If you're a day trader, probably its best to deal with alts. Bitcoin has a curious habit of straying away from technical analysis and more often swaying with news in and out of the crypto market. That's why btc is in a way a safe investment if you're prepared to hold

I am convinced that the uniquely trader on the difference in the price of Bitcoin can earn much more revenue than just Cold storage. You do not need to have beliefs, And you can be guided by real calculations.