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

[2stout]

It would all depend a couple of things:  1)  If someone took profits or panic sold.  The results of the first could actually get you to increase your bitcoin holdings while the 2nd could lead to the opposite- decrease in bitcoin holdings.  2a)  Have you ever been hacked of your bitcoin or 2b) sent to wrong address?  If so, then this is automatically a loss.

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[BITCOIN4X]

1 bitcoin = 1 bitcoin, that's the base value. But if you buy 1 bitcoin at $40K then you have lost $20K if it's down 50% from where you bought it even though you haven't sold it. You can still survive falling prices if you have enough reserves to make ends meet, but what about the others?

But if someone is smart enough and understands how the market works then they will probably sell and cut losses on a dip, so there is a high chance they will get more than 1 bitcoin if the dip is much deeper. You don't always have to be a holder if you don't have enough spare cash, but you can still build your portfolio from initial capital if you really understand how the market works. But this is the difference in perception between traders and long-term holders.

[qwertyup23]

No matter what happens, 1 BTC is always going to be 1 BTC regardless of its value. Same as gold, though its price may decrease on the market, it does not change the fact that you still have that piece of precious non-renewable metal at your disposal.

Some people complain that whenever BTC prices decreases, they tend to impulsively sold majority of their BTCs to at least alleviate the damage. But they are missing one important aspect- which is its volatility and inflationary value. HODL is definitely the key if a person wants to maximize their investment value.

[RILWAN]

No matter what happens, 1 BTC is always going to be 1 BTC regardless of its value.

That is, Bitcoin does not lose its value if it is not traded against the dollar and most people are already of the opinion that Bitcoin is overvalued at its current price against the dollar. But then different forks with different strides, not all can afford to hold Bitcoin for long.

[Poker Player]

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.

Don't you realize what a contradiction you are falling into? You defend that 1BTC is 1BTC despite the loss of purchasing power at the same time defending that it is a currency.

The tautology that 1BTC is a 1BTC is logical to defend if we see Bitcoin as an investment, as a financial asset, and not as a currency because precisely if it is a currency we are not going to HODL it for 30 years as the above image suggests:

By the way, in that image I miss those Bitcoin holders who die during those 30 years.

If Bitcoin is a currency, you are going to use it to buy things, and the fact is that months ago, assuming that for example buying a loaf of bread cost you $1 or its equivalent in Bitcoin, with 1BTC you would buy 69,000 loaves, and today you buy only 20,000, which is a considerable difference.

[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.

Don't you realize what a contradiction you are falling into? You defend that 1BTC is 1BTC despite the loss of purchasing power at the same time defending that it is a currency.

The tautology that 1BTC is a 1BTC is logical to defend if we see Bitcoin as an investment, as a financial asset, and not as a currency because precisely if it is a currency we are not going to HODL it for 30 years as the above image suggests:

That definition would fall apart the moment bitcoin price becomes stable which it would eventually, because by that time there won't be any reason left to "HODL" something that won't go up anymore which would make bitcoin useless and consequently worthless in an instant.

Now imagine that a portion of your paycheck like $500 were in another currency called bitcoin, at $70k you were being paid 0.0071BTC but now at $20k you would be getting paid 0.025BTC. Not only your purchasing power is the same when you spend that "currency" that month but anything you put aside as savings would appreciate in time.

[Marvell1]

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.

It often occurs to new investors in the middle of a bull market when they are just starting out in investing. In their minds, bitcoin will always increase and not decrease, so they simply buy and then sell to make a profit. But no, things are not as they had imagined, investments do not always increase and do not decrease as they had hoped. As a result, they panicked and  sell everything as they feared losing everything when bitcoin dropped. They accidentally gave their bitcoins to other sharks waiting for a price that couldn't be cheaper.

[Poker Player]

Don't you realize what a contradiction you are falling into? You defend that 1BTC is 1BTC despite the loss of purchasing power at the same time defending that it is a currency.

Then 1BTC=1BTC will be true when the price is more stable.

Now imagine that a portion of your paycheck like $500 were in another currency called bitcoin, at $70k you were being paid 0.0071BTC but now at $20k you would be getting paid 0.025BTC. Not only your purchasing power is the same when you spend that "currency" that month but anything you put aside as savings would appreciate in time.

I don't have to imagine it. That's what happens to me. What I earn in signature campaigns I spend and what I buy is for HODLing. So, with Bitcoin I HODL I can think that 1BTC=1BTC because I don't care about the rise or fall of purchasing power since I'm not going to spend it in a long time.

But in the Bitcoin I spend, I experience the decrease, because now for example I get paid the same amount in Bitcoin as when I was in the [banned mixer] campaign, and my purchasing power then was about twice as much.

[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.

It often occurs to new investors in the middle of a bull market when they are just starting out in investing. In their minds, bitcoin will always increase and not decrease, so they simply buy and then sell to make a profit. But no, things are not as they had imagined, investments do not always increase and do not decrease as they had hoped. As a result, they panicked and  sell everything as they feared losing everything when bitcoin dropped. They accidentally gave their bitcoins to other sharks waiting for a price that couldn't be cheaper.

They should realize that the price of bitcoin will not be able to continue increasing and there will be a correction in the price.
And usually, this correction will decline. Sometimes it will decline sharply, which is what they have to use to buy bitcoin at a low price.
Investing in crypto carries the risk of price going up and down but if they believe that the price will increase again, they better be patient and keep holding their coin until the time comes to sell.
And don't panic if the market fluctuates or the price drops sharply but take the opportunity to buy more.

[RILWAN]

The intrinsic value of Bitcoin is what makes Bitcoin decentralization different from every other crypto shit coins cant stand the chance with Bitcoin in terms of stability, Bitcoin can never go from 70k to 0 as most altcoins do but again we should only hold what we can afford.

[aysg76]

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.

That's the reason why we see panic sell in the market because those who have invested it under the dream light of getting rich overnight with it see their dreams shattered with price falling.I don't know why people don't look at the core levels of bitcoin with its working in complete decentralisation way free from any central chain of authority and your funds are your own if you are able to keep them safely.

The price appreciate over time with increased demand and supply curve being down and the coming time of halving will have the same effect as mining rewards will be halfed and with high demand prices will boost but the people tend to ignore it and only see bitcoin as investment purposes in short term.

1) $50k BTC> $60kBTC : We miss the boat

2) $40kBTC >$30kBTC : It's a bubble and it's dead

So you can't say anything about them but time will tell them what's bitcoin is capable of and you only need to hold your coins with patience in your wallets and actual profit/loss is when you sell them.

[ShowOff]

1) $50k BTC> $60kBTC : We miss the boat

2) $40kBTC >$30kBTC : It's a bubble and it's dead

Well, those are two classic statements for any bitcoin price trend.

So you can't say anything about them but time will tell them what's bitcoin is capable of and you only need to hold your coins with patience in your wallets and actual profit/loss is when you sell them.

I admit whatever the circumstances, bitcoin should be in the wallet as a good investment asset in the long term. There is no denying that we have seen a fair amount of evidence that bitcoin is the best asset to consider in our portfolio. If they don't believe it then it's really hard for us to explain anything, but surely patience will pay off well for those who believe in bitcoin's long term potential.

[Finestream]

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.

When you are wrapped up with fears, you tend to think being a fool, and that's how foolish people do things without looking at its consequences. Although there are no losses if you won't sell your bitcoin, but i think those who enter in crypto investment without good knowledge and awareness will have a different mindset compared to others. While others are buying and hodling at this bear season, some people resort into panicking and selling their coins at a loss.

[Marvell1]

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.

It often occurs to new investors in the middle of a bull market when they are just starting out in investing. In their minds, bitcoin will always increase and not decrease, so they simply buy and then sell to make a profit. But no, things are not as they had imagined, investments do not always increase and do not decrease as they had hoped. As a result, they panicked and  sell everything as they feared losing everything when bitcoin dropped. They accidentally gave their bitcoins to other sharks waiting for a price that couldn't be cheaper.

They should realize that the price of bitcoin will not be able to continue increasing and there will be a correction in the price.
And usually, this correction will decline. Sometimes it will decline sharply, which is what they have to use to buy bitcoin at a low price.
Investing in crypto carries the risk of price going up and down but if they believe that the price will increase again, they better be patient and keep holding their coin until the time comes to sell.
And don't panic if the market fluctuates or the price drops sharply but take the opportunity to buy more.

They would never have realized it just from the stories of their predecessors and experienced people. They need to go through the bear market and the bad things of the market a few times and they will learn from the experience for their investment journey in the future.
There's nothing more practical for me than experiencing it for myself and we'll know what to do the next time it happens again.

[Davidvictorson]

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.

Sadly, not everyone can afford to hodl. Not everyone believes the price will go up. And this is true for newbies who just got into bitcoin this year. Because not everyone is in it for the long term. I am an disciple of the hodling philosophy but I advice newbies to set a stop loss if their hearts can't take it anymore.

[traderethereum]

They would never have realized it just from the stories of their predecessors and experienced people. They need to go through the bear market and the bad things of the market a few times and they will learn from the experience for their investment journey in the future.
There's nothing more practical for me than experiencing it for myself and we'll know what to do the next time it happens again.

Therein lies the real problem they face because they have never experienced it.
If they had faced it at least once, they would be able to see that the cycle would occur each time so that they could prepare to face it again.
Maybe people who have been in crypto for 5 years or more will know it but few can really control themselves in a bear market, while others will always be provoked by news that is not clear.

[ireor]

Right, definitely it makes total sense to hold coins rather than selling them at a loss, just because what? Didn't receive desired profit within an expected period of time? That doesn't make sense, when it comes to investments in which we already should be aware and accept that the market is volatile and we have to tolerate every volatility with dedication and patience to make a profit out of it!

[decodx]

Trading cryptocurrencies has never been easier, but just like any beginning, it can also be challenging for new users. Many traders are inexperienced and uninformed and don't have a developed trading plan at all, which can lead to costly mistakes. On top of that, the crypto market is extremely volatile, so it can be easy to take a loss in the blink of an eye.
What is most important is to figure out what time period you would like to invest in and devise your strategy based on that. For example, if you plan on investing in bitcoin, you need to decide the minimum amount you can afford to lose at any given time and the maximum time period you can live with a loss.

Cryptocurrency trading is not rocket science, but it does require some special skills, experience, and strategy. You need to be able to determine the current cryptocurrency market trends, and a system that will help you to maximize profits and minimize losses. You must understand when to sell, when to buy, and how to use different strategies to profit from the market fluctuations. HODL may seem as simple as it is easy to implement, but it is the most psychologically demanding strategy that requires a deep understanding of cryptocurrency and a belief in its long-term potential. It can be hard for some people to reconcile the belief in cryptocurrency with the fear of losing it. I recommend investing only a small amount of money at a time and trading in small increments so that you can always exit your positions within a short period.

[Taskford]

Right, definitely it makes total sense to hold coins rather than selling them at a loss, just because what? Didn't receive desired profit within an expected period of time? That doesn't make sense, when it comes to investments in which we already should be aware and accept that the market is volatile and we have to tolerate every volatility with dedication and patience to make a profit out of it!

This only happens when the trader doesn't have more money to spend on trading and instead holding it the only option they can do is to sell back then buy on what they think the cheapest price to recover. And provably there are many experience traders earn more profit from doing this so I guess this decision will always matter depends on the traders capabilities.

[Mpamaegbu]

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.

I guess you meant counsel.

Anyway, truth is that what you've expressed there about loss in price (but not value) of Bitcoin that could momentarily push people to panic sell off is that believe of making profit out of it as a quick rich investment. Those who've long term plan for Bitcoin don't feel perturbed whenever it dips in price. They know of a certitude that it will get up back on its mojo. In all, whether at $20 or $1 million one Bitcoin will continue to remain its equivalent.