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Author Topic: No matter how low BTC falls, 1 BTC is still 1 BTC and there are only 19M coins  (Read 267 times)
ethereumhunter
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June 20, 2022, 03:48:31 AM
 #21

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.

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.
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.

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June 20, 2022, 04:06:06 AM
 #22

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.

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June 20, 2022, 05:11:51 PM
 #23

1 BTC is still 1 BTC no matter the price.

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.

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June 20, 2022, 05:56:24 PM
 #24

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.
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.

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June 20, 2022, 06:03:15 PM
 #25

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.
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June 20, 2022, 06:22:15 PM
 #26

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.

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