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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 223 times)
virtualdn
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June 18, 2022, 09:22:54 AM
Last edit: June 18, 2022, 09:38:45 AM by virtualdn
 #1

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 Wink

1 BTC = 1 BTC
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June 18, 2022, 09:46:25 AM
 #2

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.

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June 18, 2022, 09:52:30 AM
 #3

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.
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June 18, 2022, 10:02:35 AM
 #4

Quote
No matter how low BTC falls, 1 BTC is still 1 BTC and there are only 19M coins

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.

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June 18, 2022, 10:12:00 AM
 #5

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.

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June 18, 2022, 10:27:49 AM
Merited by DdmrDdmr (3)
 #6

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.

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June 18, 2022, 10:34:49 AM
 #7

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 Wink

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.

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June 18, 2022, 10:51:23 AM
 #8



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.

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June 18, 2022, 11:56:25 AM
 #9

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.
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June 18, 2022, 12:04:23 PM
 #10

1 BTC is still 1 BTC no matter the price.

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.




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June 18, 2022, 02:32:44 PM
 #11

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

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Minecache
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June 18, 2022, 03:03:25 PM
 #12

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.

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TheNineClub
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June 18, 2022, 03:14:40 PM
 #13

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 Wink

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.

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June 18, 2022, 04:48:16 PM
Last edit: June 19, 2022, 10:01:40 PM by Mr. Big
 #14

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.

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   Shocked



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.

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 Huh

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  Cheesy
 

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June 18, 2022, 04:53:32 PM
 #15

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.

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LoyceMobile
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June 18, 2022, 04:57:15 PM
 #16

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.

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LegendaryK
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June 18, 2022, 05:48:23 PM
 #17

1 BTC is still 1 BTC no matter the price.

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


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.
hatshepsut93
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June 18, 2022, 06:02:44 PM
 #18

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 Wink

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.

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qwertyup23
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June 18, 2022, 06:06:09 PM
 #19

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.

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.

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evichi
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June 20, 2022, 12:00:31 AM
 #20

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?                                                                                                                                                                               

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