WHY ANXIOUS ABOUT BITCOIN PRICE?

[Kambal2000]

Maybe because your father is a long term holder so he is just waiting for the moment that hin investment will increase so he can cash out anytime, all of us are all anxious about the price, but different scenario some are day traders so they want the volatility of the price because they are taking advantage on it.

[jameswell]

My father is anxious pertaining to the fall and rise in bitcoin price. He has four(4) btc and he is afraid to hodl. He wants to sell at a lower rate. Any advice for him?

Your father shouldn't invest in the first place if he's afraid to take any kind of risks. Selling it at a lower rate is not the best idea to make that'll only make him lose money. Tell your father to stop looking at the short term prices and always show this chart to him whenever he gets anxious with the price of Bitcoin.

This image was from an old thread by Trololo (thread)

This price shown in the picture is amazingly applicable/relevant even for nowadays!

[Himanshu111]

My father is anxious pertaining to the fall and rise in bitcoin price. He has four(4) btc and he is afraid to hodl. He wants to sell at a lower rate. Any advice for him?

We all should know that bitcoin is a volatile crypto currency and apart from being volatile , it is a kind of investment and because of these two factors the valuation of bitcoin flactuates but I don’t find this thing to be get anxious about because the pumps and dumps are very common in every kind of investment but people don’t understand this and because of which they are now in panic selling of their bitcoins but I think this not something that one should worry about and I am sure that the time will come when the valuation will inflate again.

[pokang13]

Paying too much attention to price has no effect. If your father intends to sell his bitcoin, then it can be sold now. There is no need to consider too much.

people are anxious about bitcoin price because it is not stable.At times, it is hugh, at times it fluctuates.That os why we need to monitor the going up ang going down of bitcoin price.

[Aponkye1]

woww...4btc is quite a huge amount you know but hey just explain to your father to hold unto his bitcoins for a while k. Currently the price keeps has started to rise and i am very sure it will run very high soon for him to sell because that is the only way he can earn some huge profit. Unless he bought it around 6k himself.

[Ahimoth]

Maybe because your father is a long term holder so he is just waiting for the moment that hin investment will increase so he can cash out anytime, all of us are all anxious about the price, but different scenario some are day traders so they want the volatility of the price because they are taking advantage on it.

I felt bad for those people whowho take the price of bitcoin seriously. To be honest there's really nothing to worry every time that the price goes down. I think instead of dwelling in thethe bad side you should focus on making your bitcoin grow. Nothing will be done if you will be anxious be ause it doesn't help at anythe cause.

[Traslavin]

Maybe because your father is a long term holder so he is just waiting for the moment that hin investment will increase so he can cash out anytime, all of us are all anxious about the price, but different scenario some are day traders so they want the volatility of the price because they are taking advantage on it.

I really think that there's nothing to worry every time that the price of bitcoin is falling. That won't do nothing so don't focus on that my friend. Instead of dwelling in the past give attention on your goal. Falling of price is just normal since bitcoin is volatile so be used to it. Don't you ever get depressed or anxious for tomorrow will be alright.

[tabas]

What? he want to sell at low price? tell him that's not the way of panicking. You're losing a lot of opportunity if your father will sell right away. It's okay to hold and if he can't take the pressure of watching the market then tell him that he shouldn't be looking at it.

[Kakmakr]

Tell your father to ignore the short term volatility, because that is what is making him anxious. A person that is checking the price every few hours are more inclined to panic and sell early, than the person that check the price once a month. He has to remember that Bitcoin is a long-term investment and not a "Get-Rich-Quick" short-term scheme.  

The technology has proven that it can stand on it's own, now we just need to wait for the mainstream public to catch onto that and appreciate it's real value. <This can take time or it can happen over night, when a fiat system fails>  

[Tetew50]

When did your father buy the bitcoin ?, if it is now a profitable situation, sell it while there is a chance, and while in dire need of money.

[Quinni]

The price has dropped a lot. Do you still hate that you sold your encryption? The current price must be several times higher than when you sold it.

[poorwhale]

Reinvest.. take out your intial capital then reinvest the remaining, its a high risk but the profit would also be high..

[Sergio444]

My father is anxious pertaining to the fall and rise in bitcoin price. He has four(4) btc and he is afraid to hodl. He wants to sell at a lower rate. Any advice for him?

He can go ahead to sell them right away. Cryptocurrency is not meant for anxious people. It is meant for those who are determined to hodl no matter the situation. Why did he not sell it when the price was higher at 20k usd? Now that the price is low that he wish to sell. No one decides for the other in crypto, the currency is his and he chooses what to do with it.

[acheampong64]

Well, there are two things and choosing a side is not easy. He can sell it low now but he's going to regret it one day. He might stay happy for some days but one day he'll look at the price and will marvel. The other side is that he can HODL but he's going through be stressed a little looking at the market situation (anyways if he's HODL 4 BTC until now, it means he can surpass any stress in life). So he has to choose one side if which I'll advise a HODL if only he's not in a dire need for the money.

[DrGuns4Hands]

My father is anxious pertaining to the fall and rise in bitcoin price. He has four(4) btc and he is afraid to hodl. He wants to sell at a lower rate. Any advice for him?

We cannot determine the market`s price in the future; however, the belief that it will bring the very potential and possibility of increased price would give us the standpoint in making this investment better. Thus, investment is something we really give risk - especially when we talk about our btc. The only problem that makes as bother about our investment is the way how we look it as means/source of our income and desperately aim for a higher price. That mentality would lead as to discouragement; since we really attached ourselves on BTC (the need for higher profit over the aim to reach higher price) would emotionally destroy the strategies of our investment. The motivation to hodl and the faith of success would likely be remote considering such discouragements.

[Msworld83]

Tell him not to sell because the Bitcoin is all about future, holding the position is best he can do but if he sell now am sure he will regret it later, he can always use another fund to buy more or any other coin and put his mind away from the one he is holding, crypto need fresh money to grow not about selling .

[mickeybuddy27]

Paying too much attention to price has no effect. If your father intends to sell his bitcoin, then it can be sold now. There is no need to consider too much.

people are anxious about bitcoin price because it is not stable.At times, it is hugh, at times it fluctuates.That os why we need to monitor the going up ang going down of bitcoin price.

Price is very volatile that is why there are people that become anxious when the investment value goes down and do not see any profit from it then lose their hope to increase again the price because what they do is keep watching on the price and the circulation in the market. People have to be anxious and analyze the market again and again to make sure that they will gain profit again.

[close up]

That's why I'm not even investing in bitcoin because it is too risky so I'm decided to hold like 0.1 btc or more so I can penetrate loss.

[wall101]

He shouldn't have invest in the first place if he was this scared or don't want to take anymore risk. Price always fluctuates just try to explain it to your father more

[staradvincula]

It seems that your dad didn't know exactly how the real trend flows. You should have discussed to him how volatile cryptocurrency world is. And besides, investing ung this firm must be with the purpose of  a long term investments. If this is clear enough for him, he shouldn't feel anxious about it. Well, just comfort your dad by encouraging him to hold and tell that soon everything will be fine. It is also good for him to stop thinking too much about the price to avoid anxiety.