You have not lost a dime if your Bitcoin is in your wallet

[Ojima-ojo]

This is purely for newbies in crypto currency and those who does not understand how Bitcoin works, and are always quick to cry when Bitcoin price drop below the price they bought.
Note: if you own 1 btc in your private wallet at a bought price of $40,000 and now the price is $20,000 per Bitcoin, economically you are at $20,000/lost at the moment if you have sold your Bitcoin but if you still hold you 1 Bitcoin the value still remains the same is just the price that have changed. So as long as you have your private keys to the wllet that holds the Bitcoin with the 1 bitcoin balance you have not lost a dime.
My cancel is this
Have a futuristic view and a long term perspective about Bitcoin, and don't sell out of panic of Bitcoin dollars value unless you are at gain.
Some sold at
1:  $69,000
2:  $50,000
3:  $40,000
4'. $30,000
5:  $20,000
All this people sold at different prices but their all sold only 1 Bitcoin.
Hodle hodle hodle is my language.

[hatshepsut93]

Unrealized loss is still a loss. All Bitcoiners have less wealth than when Bitcoin was at $69,000. It's the same as inflation - your money can buy less goods than before. The difference is that Bitcoin has a good chance to recover and outgrow the ATH, while fiat will be slowly but surely losing its value. But we live in the present, not the future, and not everyone can afford to hodl and not touch their coins.

Imagine a world where everyone switched to Bitcoin, and someone was saving for years to buy a new car, and suddenly Bitcoin crashes by 74% and they can no longer buy a car. That's not a good basis for economy.

[sheenshane]

I think only a fool will sell under the price where it was bought.
Hold and set a target price range to take profit, that's how Bitcoin stores the value, we should patiently wait for it even though we didn't know the time frame of a selling point which for sure the Bitcoin price will increase and surpass its ATH.

At least, you are holding the amount that you can afford and willing to wait.  It's a matter of time before you'll see your profit.

[SquirrelJulietGarden]

If you believe in Bitcoin and invest in Bitcoin, you can do Dollar Cost Averaging. It will help to average your entry price and minimize fear and greed.

Websites for Dollar Cost Averaging DCA

I don't advise to never sell your Bitcoin or to hold all of your asset in Bitcoin. I don't know will Bitcoin has any black swan event, don't know honestly. So I save a bit of my asset in fiat as my last reserve, last resort if Bitcoin goes to zero that I don't believe it will. But I still use a bit of money in fiat for my Plan B.

[mk4]

This is assuming that there's an absolute 100% guaranteed chance that bitcoin will go higher again (especially if you bought near the peak). And with markets, there will always be zero guarantees irregardless of what the previous performances are. And I say this as a long-term bitcoin bull.

[Darker45]

It takes time to get numb from all these dips and corrections. But after a long exposure to the market, these newbies would eventually realize that everything is temporary. Bitcoin has gone through worse bear cycles. For as long as they don't believe that Bitcoin is now beginning to face its demise, they wouldn't mind HODLing through the worst crypto winter. They just have to overcome this fear and everything will be all right. After all, it's not the falling price that probably worries many; it's the fear that Bitcoin is about to die.

[Poker Player]

Unrealized loss is still a loss. All Bitcoiners have less wealth than when Bitcoin was at $69,000. It's the same as inflation - your money can buy less goods than before. The difference is that Bitcoin has a good chance to recover and outgrow the ATH, while fiat will be slowly but surely losing its value. But we live in the present, not the future, and not everyone can afford to hodl and not touch their coins.

I agree 100% with this. When it is said that 1BTC= 1BTC I say to put things in perspective, because it is not remotely the same 1BTC in 2010 than in 2022.

I understand the OP's perspective, that if we look long term and HODL the price will recover and surpass $69k. If you do not sell, you will not realize a loss. The one who HODLs will have a scarce and limited good whose purchasing power tends to grow, unlike fiat currencies, but the one who bought at $69k has lost 70% of the purchasing power he had.

[SquirrelJulietGarden]

Unrealized loss is still a loss. All Bitcoiners have less wealth than when Bitcoin was at $69,000

It is a loss on screen if you don't have to sell your Bitcoin for expenses.

You have to sell your Bitcoin if you don't have last reserve for bear market. When you must sell your Bitcoin for expenses (buying goods, paying bills, taking health care ...), you will have real loss even 1 Bitcoin is 1 Bitcoin (it is true). But your loss will become true too.

[Poker Player]

It is a loss on screen if you don't have to sell your Bitcoin for expenses.

You have to sell your Bitcoin if you don't have last reserve for bear market. When you must sell your Bitcoin for expenses (buying goods, paying bills, taking health care ...), you will have real loss even 1 Bitcoin is 1 Bitcoin (it is true). But your loss will become true too.

Of course, 1 Bitcoin is 1 Bitcoin and a chair is a chair, but if we leave tautologies aside, it is not the same to have 1 Bitcoin now than when it will be worth $1M, if it ever arrives, in the same way that it is not the same to have 1 Bitcoin in 2010, when it was not worth $ 0.01 than now, and we can see this reflected in the fact that almost nobody who had Bitcoin in 2010 has HODL them until today.

When a thing is worth almost nothing people don't care much about it and at that time many people lost their private keys or sold when they got a return of 10x or similar.

[SquirrelJulietGarden]

Of course, 1 Bitcoin is 1 Bitcoin and a chair is a chair, but if we leave tautologies aside, it is not the same to have 1 Bitcoin now than when it will be worth $1M, if it ever arrives, in the same way that it is not the same to have 1 Bitcoin in 2010, when it was not worth $ 0.01 than now, and we can see this reflected in the fact that almost nobody who had Bitcoin in 2010 has HODL them until today.

When a thing is worth almost nothing people don't care much about it and at that time many people lost their private keys or sold when they got a return of 10x or similar.

Buying, owning and holding 1 Bitcoin are different tasks when price of Bitcoin are different too.

Buying it easier with cheap price years ago, it's harder to hold it than buying 1 Bitcoin now and holding it. Because now if you buy 1 Bitcoin, you should have very good reasons to buy it so you have valid reasons to hold it.

[RILWAN]

Mate from the look of things is are a Bitcoin bullish holdler and also a Steel hand Bitcoin lover, indeed 1 Bitcoin is 1 Bitcoin whatever time and place but hen when you want to exchange it to fiat currency the price is highly volatile.h

[pooya87]

The problem is when people buy bitcoin to make profit and want to make it quickly! Bitcoin was never meant to be used that way, it is a currency that could appreciate over time but you should focus on it being a currency. For example if you can you should try to earn money in bitcoin, get your salary or part of it in bitcoin, sell stuff for bitcoin, etc. For example ever since price dropped a lot I've been going through my stuff selling anything that I don't need (like old stuff in the attic you never use) and use the money to buy bitcoin. That way I'm both taking advantage of this big discount and am converting useless things to valuable bitcoin.

[ABCbits]

Note: if you own 1 btc in your private wallet at a bought price of $40,000 and now the price is $20,000 per Bitcoin, economically you are at $20,000/lost at the moment if you have sold your Bitcoin but if you still hold you 1 Bitcoin the value still remains the same is just the price that have changed. So as long as you have your private keys to the wllet that holds the Bitcoin with the 1 bitcoin balance you have not lost a dime.

Question: How many people could afford not to sell their Bitcoin? It's possible you can't help but to sell Bitcoin for daily necessity or large unexpected expenses. Even Andreas M. Antonopoulos had to sell his Bitcoin at low price.

[traderethereum]

What makes people sell their bitcoins is because of the panic to see the price drop drastically and they can't afford to see the loss they will gain without thinking that the price could increase again in the future.
They are triggered by the amount of negative news they read from the internet that they lose control of keeping their bitcoins.
If they can still hold their bitcoin, their bitcoin will remain 1 and will not change and only the value will change.
But that decision will be up to them because they own the bitcoins.

[xSkylarx]

Question: How many people could afford not to sell their Bitcoin? It's possible you can't help but to sell Bitcoin for daily necessity or large unexpected expenses. Even Andreas M. Antonopoulos had to sell his Bitcoin at low price.

As they always say, only invest what you can afford to lose. If a person buys bitcoin with the money that should be used for necessities or savings then he is likely to sell it at a loss. Most people's reason for buying bitcoin is its value keeps increasing over the years. They usually think that price will be double next year so they just buy at the top without thinking any risk like these market corrections.

[Zilon]

When ever i am privileged to discuss Bitcoin with my peer who get so carried away by Bitcoin price i tell them to pay more attention to how many Bitcoin they are able to accumulate now the market seems bearish because when the Bulls take over it will be a game of regret.

Prices of Bitcoin will always go up in the future but the amount that is handy now will gather more coin for you compared to when the price skyrockets. Buy and hodl is just the way forward

[Lucius]

I think only a fool will sell under the price where it was bought.

Then there are a lot of those who are in that category, because it seemed to me that there was a real panic when the value started to fall below $20k. Some are guided by the strategy that it is better to gain at least something than to lose everything, even if it was an obvious loss. Besides, if you have no choice and have to sell, then you don't look at the price, no matter what kind of loss it is.

[Husires]

We can't say to someone doesn't sell, we don't know the situation he's going through, but "as long as you have a choice to sell or keep bitcoin, it's better to keep it no matter how low the price is."

Therefore, do not sell at the moment unless you need cash or, for example, follow a strategy such as Short Selling, or you want to start investing and buy Bitcoin after several months (since we are in a quiet market, the price will be close to the current price for several months.)

All will lead to losses if you do not have a clear strategy.

[jrrsparkles]

You didn't lose anything until you sell the Bitcoin but not everyone is holding lot of Bitcoin in their wallets, apart from the early investors most of the others are just having few hundred or thousands worth of bitcoins so cutting the half of its value is not an easy task for them. One who prepared for this can conquer the investment of cryptocurrencies which is buy low and sell high but many just followed the hype should be in the oain and just became the prey of whales.

[cheezcarls]

I think only a fool will sell under the price where it was bought.
Hold and set a target price range to take profit, that's how Bitcoin stores the value, we should patiently wait for it even though we didn't know the time frame of a selling point which for sure the Bitcoin price will increase and surpass its ATH.

At least, you are holding the amount that you can afford and willing to wait.  It's a matter of time before you'll see your profit.

I admit that I'm at a loss but I don't mind. I bought some BTC last May 2022 when it was still above $30k and then last month when the price is around $21k. Yes it would be stupid for me to sell at a loss, so I ain't going to make the same mistake again like before.

I'll keep buying and accumulating more BTC as long as I have extra money every month to spare. If my monthly income increases, I'll add ETH to my DCA plans!