Please read! Do not get overlook on the crypto market price!

[burakdat]

I know that there are many individuals here in this forum that are always looking on cryptomarket price for the crypto that they are holding. Always hoping that one might get a good market price increase. This is why one does overlook on real number of crypto that they are holding because they are always looking on the equivalent of the crypto to fiat money. It is not like that because the real thing that you should look is the number of crypto that we know it is not changing for example you have 6 BTC @ 6k USD and eventually market price drop to 5K USD per BTC. Even if market price drop you still have 6 BTC and that is not changing and you should not worry. You have to get worry when you have 6 BTC and after seeing some time you will have 3 BTC only. That is one thing that you should worry because there might be one getting into your digital wallet and transfer your BTC to other digital wallet.

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[avikz]

I know that there are many individuals here in this forum that are always looking on cryptomarket price for the crypto that they are holding. Always hoping that one might get a good market price increase. This is why one does overlook on real number of crypto that they are holding because they are always looking on the equivalent of the crypto to fiat money. It is not like that because the real thing that you should look is the number of crypto that we know it is not changing for example you have 6 BTC @ 6k USD and eventually market price drop to 5K USD per BTC. Even if market price drop you still have 6 BTC and that is not changing and you should not worry. You have to get worry when you have 6 BTC and after seeing some time you will have 3 BTC only. That is one thing that you should worry because there might be one getting into your digital wallet and transfer your BTC to other digital wallet.

Your comment will only look valid if we have loads of options to use our bitcoins in the merchant settlements without converting it into fiat value equivalent. But at the current situation, it is not a valid comment at all. Bitcoin doesn't have an intrinsic value or any purchasing power of its own. Its purchasing value always depends on the local fiat currency of the user.

Let's assume, you have 5 Bitcoins whose current value is (5 X $6,000) = $30k USD. Now you can buy a swanky car whose market price is $30k USD using those 5 bitcoin.

Tomorrow, if the value of one bitcoin falls to $5,000, the purchasing power of your 5 bitcoins will come down to $25k USD and you will not be able to afford that swanky car with your 5 bitcoins. It is true for bitcoins because it doesn't have any intrinsic value and it is always dependent on the local fiat currency price.

Your argument is valid only for government backed currency or a centralized currency system where we have some authority to ensure the value of that currency. In case of bitcoin, we have none!

[xuan87]

Yes maybe you still owned 6btc, but the things you can buy is decreasing,if you are an investors of course you are going to look for the value,not how many coins you owned, the things is all of the things still measure with Fiat so value is totally important, the security of the Bitcoin wallet is very strong just don't click unknown link and set 2fa

[jemarleon]

Your comment will only look valid if we have loads of options to use our bitcoins in the merchant settlements without converting it into fiat value equivalent.

Yes its true, if there's another ways to spend your BTC without converting it to fiat equivalent the statement of the OP will be acceptable.

Yes maybe you still owned 6btc, but the things you can buy is decreasing,if you are an investors of course you are going to look for the value,

I totally agree with this because if you are an investor watching your investment falling down is the worst part, thats why I just invest the extra money that I have so that even if I lose it all it wont affect me that much.

[Harlot]

To tell you honestly it is hard to look BTC that way. Even if I know I still have that amount of BTC its real market value is what makes us know that our cryptocurrencies are performing well. Just like in the stock market you don't look at the number of shares thinking that you have a lot of shares from that company you always look at its price. Its quantity really doesn't matter if you are holding a worthless stock of a company and the same thing can be said on your cryptocurrency holdings. Price is really what makes your assets valuable or not.

[Alone055]

That would only make sense if you are using Bitcoins for doing things, and the prices of those things aren't changing with the BTC/USD price chart which happens all the time as the prices of even the things being sold for Bitcoin depend on the BTC/USD price chart itself. But if you are not using Bitcoins but are converting them to fiat for using them, then you do need to worry about the price as you will get only a half of $6000 for selling a Bitcoin if it drops to $3000, and that makes a really big difference.
Other than that, if you are not gonna use your Bitcoins very soon, then of course you don't need to worry just yet.

[fempat]

What would you do if most of your Crypto assets are doomed to fail by the marker crash? Holding on till one's assets becomes greatly devalued to nothing is not a wise investment strategy. The monetary value of Cryptos are dependent on fiat at the moment.

[Kakmakr]

The problem is, some investment companies are buying & selling coins in a portfolio on behalf of investors and they balance the portfolio according to, say the 10 coins with the highest market capitalization for instance. If this change dramatically, then Bitcoin might drop in market capitalization and when the balancing of the portfolio are done, then these investors will end up with less bitcoins. 

Price is important, depending on how you invest in Bitcoin and how your portfolio management is done. 

[Pursuer]

this topic doesn't even make sense! you are basically saying that you should worry when your bitcoin amount decreases! how is that even possible? unless you sell or lose your private keys but that is not something on-topic!
as for not worrying about price, you should worry about it a little because at the end of the day you have made an investment. what you shouldn't do is not to lose your shit over a small drop or rise. invest what you can afford to lose and try to analyze the market yourself instead of listening to others.

[Ilegendph]

I know that there are many individuals here in this forum that are always looking on cryptomarket price for the crypto that they are holding. Always hoping that one might get a good market price increase. This is why one does overlook on real number of crypto that they are holding because they are always looking on the equivalent of the crypto to fiat money. It is not like that because the real thing that you should look is the number of crypto that we know it is not changing for example you have 6 BTC @ 6k USD and eventually market price drop to 5K USD per BTC. Even if market price drop you still have 6 BTC and that is not changing and you should not worry. You have to get worry when you have 6 BTC and after seeing some time you will have 3 BTC only. That is one thing that you should worry because there might be one getting into your digital wallet and transfer your BTC to other digital wallet.

The point is that though you still have the same amount of btc after a dump, the real question is that how much you could buy after a dump. Its a measure of value and not how much BTC you have. For instance, you buy a house using 1 btc but after a dump you cant do this anymore because buying a house at that time will require more btc because of the decreased value.

[CAPTEZECC]

This is one singler reason why I am very interested in crypto currency businesses, what ever happens you still have your currency with you, the exact figure all you need is patience to wait for the appropriate price rate you want sell that's all.

[LedrookETH]

If you are a investor of BTC then you must know the value of BTC because we are still checking the quality of BTC with fiat currency and beside this we must know the current situation about its value.

[Dudeperfect]

Since Bitcoin is introduced not longer than 9 years, most of the user doesn't have the idea of the valuation of crypto and as human behaviour, we always compare it with any other valuable thing with which we are familiar. I agree that the crypto market is highly volatile and it might look scary when it falls 10% to 20% but that's completely normal scenario in the crypto market, unlike traditional fiat based securities or commodity markets. It will take time to inculcate the familiarity among the users.

[Demonster]

Yes it is true that we need to invest in them too, instead of telling the people to just HODL and HODL. If there are no investments, then the price will not improve too.

[royalparade01]

The problem is, some investment companies are buying & selling coins in a portfolio on behalf of investors and they balance the portfolio according to, say the 10 coins with the highest market capitalization for instance. If this change dramatically, then Bitcoin might drop in market capitalization and when the balancing of the portfolio are done, then these investors will end up with less bitcoins. 

Price is important, depending on how you invest in Bitcoin and how your portfolio management is done. 

That's the point for an investors the value of crypto that we're  holding is still not change after market price movements. It is not the market price that one should overlook instead it is the number of crypto that we hold. Should it raise the crypto and should not follow all the time of the equivalent of their crypto holding to fiat money.

[Ava Duvall]

To tell you honestly it is hard to look BTC that way. Even if I know I still have that amount of BTC its real market value is what makes us know that our cryptocurrencies are performing well. Just like in the stock market you don't look at the number of shares thinking that you have a lot of shares from that company you always look at its price. Its quantity really doesn't matter if you are holding a worthless stock of a company and the same thing can be said on your cryptocurrency holdings. Price is really what makes your assets valuable or not.

I agree, the price really does have big impact and it does tell alot about your assets.

[messito]

the author correctly said everything. Be careful with your actions and do not worry about the cost of bitcoin

[Red-Apple]

you are sneaky
you talk about amount of crypto you hold and then in your example use bitcoin....

there is HUGE difference when you are talking about how much bitcoin you are holding and how much some altcoin you are holding. it makes sense to have 6BTC and have that much no matter what the price will be in the future because at the end of the fluctuations 6BTC is still 6 large units of a usable currency.

but when it comes to an altcoin if you hold 6 ALT there is no usage for it apart from speculation aka buying and selling it with money or bitcoin. so if you have 6 ALT today worth $6000 and then tomorrow it falls down to $1000 you lose a HUGE amount of money and there is nothing else you can do with that ATL but dumping it for fiat or bitcoin so you miss twice.

[HonestAlien]

We should blame ourselves for having a point of view like that because we started considering fiat money as a standard of measuring any of our investment or assets. In this case, we are also judging BTC by the real time market price which is shown or compared to USD. As long as we keep measuring the value using fiat currencies, the scenario will stay the same as of now.

[ambisyon]

I think for an ordinary person who just happen to have a very normal understanding about crypto market price, definitely they just  tend to check how much could be the equivalent in terms of USD for their btc investment and I guess that is just normal. Moreover, more of the btc investors would also be checking the same way since that is their baseline to check the actual market price value day by day.