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

[KingsDen]

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.

1BTC = 1BTC.
According to Op's illustration and also a well know fact that if the price of Bitcoin drops, it means you own more Bitcoin but if the price rises it means you have more fiat equivalent of it. Then there is a lose due to time which I believe is always overlooked. The explanation given above is 100% perfect if the only purpose of purchasing Bitcoin is to hodl for a long time. On a real sense btc ought to serve as a means of exchange like fiat, so why always hodl and advise others to do.
The time taken for btc to rise, if same amount is put into business it could generate massive profits.
What I have discovered about Bitcoin is that everyone that misses the early stage must have to hodl for upto 5yrs and above to make good gain. Then, 5yrs is a long way, so only invest money you wish to save for a long time.

[lionheart78]

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.

You have a sound argument but
1 BTC = 1 BTC is always true
1 BTC ≠ 1 BTC is always false
1 xBTC ≠ 1yBTC where x and y is the price of bitcoin in a different timeline e.g. Bitcoin price in 2010 represented by x and Bitcoin price in 2022 represented by y, is true
thus, you need to present a price/time variable in the equation in order to prove your argument is true.  Simply saying 1 BTC ≠ 1 BTC and raising argument of a price element in different time is kinda confusing.  So I think you need to properly represent price in different time into the equation.


Thus, OP is right when he says that we lost nothing as long as we don't sell since 1 BTC is always equal to 1 BTC until we convert it to fiat and compare the price we buy them and the price we sell them and you can't use this  1 BTC ≠ 1 BTC equation because you need to add price/time variable to this.

[Desmong]

Holding is meant for those that have enough Bitcoin in there wallets but not for those that have small amount of Bitcoin and always depend on it when they are broke. This is one of the reason why many persons do sell there holding when the market goes down because of life challenges and this had made many persons to fall into loses. It is better to keep holding even though the market is down so we can make good money when it goes up.

[Masplanc]

As far as their is bitcoin in the wallet no bitcoin has lose but so many people fail to understand this.  The problem most people have is lack of patience,  they want profit so fast that they can't wait for Bitcoin price to come up again. This far bitcoin has gone it is strange to think that all the bitcoin in the wallet can lose totally due to bear market.

[darkangel11]

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.

But what really is a loss, realized or unrealized.

If I got my bitcoin from a faucet or from a giveaway when it was worth $10 and it went to $5, do I have an unrealized loss? The money was free anyway.

If I bought my bitcoin at $20k and it went all the way to 65k, but now is back at 20k, do I have an unrealized loss? My money can buy less than in 2021, but I can still have the same purchasing power as I had when I started my investment.

I bought my coins long ago not planning to use them in the next 10 years anyway, regardless of the price. It went up and down many times. Does it really change anything for someone like that if there's an unrealized profit or loss along the way?

In the end all that's going to matter is how many bitcoins you have and if it's enough for you to do what you always wanted to do in life.

[Kasabus]

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.

If you cannot endure the price volatility of bitcoin in the first place, then don't bother to invest. Bitcoin will never have a fixed value and its price changes too more often due to some positive and negative news that happened globally. If you can hold patiently while wating for the perfect price to sell, that way your bitcoin will always be safe and you won't deal with real losses.

[Vaculin]

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.

Some people resort to stop loss and sell their bitcoin if they think they have been losing too much. Of course that’s applicable to altcoins but never in bitcoin because bitcoin always bounce back its price when the market recovers. The only key not to lose is through hodling. Although it’s the most common thing in the crypto market, but it’s always the best option if you aim for exceptional and huge profits after long term hodling.

[Wiwo]

Despite the fact we still need to make the right calculation to conclude such as this, one of those calculations should be in the entry price of Bitcoin. Let's say you buy Bitcoin when the price was at 65k and now the price has dropped to 20k+ so if you buy Bitcoin now with the same amount you first bought you will get almost triple the amount you got at first purchase, so Bitcoin intrinsic value makes it volatility more difficult to understand and control to avoid loses.

[hatshepsut93]

But what really is a loss, realized or unrealized.

If I got my bitcoin from a faucet or from a giveaway when it was worth $10 and it went to $5, do I have an unrealized loss? The money was free anyway.

If I bought my bitcoin at $20k and it went all the way to 65k, but now is back at 20k, do I have an unrealized loss? My money can buy less than in 2021, but I can still have the same purchasing power as I had when I started my investment.

I bought my coins long ago not planning to use them in the next 10 years anyway, regardless of the price. It went up and down many times. Does it really change anything for someone like that if there's an unrealized profit or loss along the way?

In the end all that's going to matter is how many bitcoins you have and if it's enough for you to do what you always wanted to do in life.

Unrealized loss is a negative difference between the entry price and the current price. So in first case there's no loss, because you'll be always in profit. In second case you broke even.

Now in the third case - life doesn't always go as planned. You might be forced to sell your coins to cover your expenses. And in that situation your unrealized loss will turn into a realized one.

if it's enough for you to do what you always wanted to do in life.

That depends on current Bitcoin's price.

[Sanitough]

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.

Even if the market is at loss, most of the people are experience losses, but the fact that you are still hodling your coin in your wallet, then apparently you're not having a real loss. Losers are those who only sell their coins at a lower value from the price they bought it. However, instead of selling because of stop loss, or whatever you have fears of, always look at the positive side. The market will eventually change and we will see everything in progress. That's the perfect time to sell.

[tvplus006]

...All this people sold at different prices but their all sold only 1 Bitcoin.

If you look at it the way Elon Musk assessed the situation, who decided to sell BTC owned by Tesla for 29 thousand dollars, then it looks like a loss for his campaign. But if he decides to buy bitcoin for the same amount now, then his quantities will increase and exceed the initial purchase. So is it better to sell and then buy at a lower price or hold, in the hope that the price will recover?

[Wiwo]

...All this people sold at different prices but their all sold only 1 Bitcoin.

If you look at it the way Elon Musk assessed the situation, who decided to sell BTC owned by Tesla for 29 thousand dollars, then it looks like a loss for his campaign. But if he decides to buy bitcoin for the same amount now, then his quantities will increase and exceed the initial purchase. So is it better to sell and then buy at a lower price or hold, in the hope that the price will recover?

I was so amazed with the tesla announcement of the sale of some of their Bitcoin holding even at loss, I am sure this does not have anything to do with twitter purchase as that deal have been canceled sometime last week. Elin Musk seems to be very unstable when it comes to long-term investment since they panic sold a large portion of their Bitcoin in this season.

[Viscore]

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.

That's it, 1 bitcoin will always remain 1 bitcoin if you chose to hold it despite of the panic in the market. And you're not losing at all if you never attempt to sell your coin. However, this is not the case for everyone as they always thought that once the value has dropped already, then its already considered a loss. Yes, its a total loss if you stop hodling your bitcoin and decides to sell it on a lower value. But if you prefer to keep it hodling and only sell it when the value skyrocket, then your 1 bitcoin will eventually be worth more than the value of the previous 1 bitcoin.

[tvplus006]

...I was so amazed with the tesla announcement of the sale of some of their Bitcoin holding even at loss, I am sure this does not have anything to do with twitter purchase as that deal have been canceled sometime last week. Elin Musk seems to be very unstable when it comes to long-term investment since they panic sold a large portion of their Bitcoin in this season.

Elon Musk is not a bitcoin maximalist, he is just a businessman who leads the Forbes rating. Therefore, when he saw that holding bitcoin would lead to an even greater unrealized loss, he decided to sell 75% of the BTC owned by Tesla. I am sure that in the next quarterly report of Tesla we will see that the company has bought back the sold part of BTC at a lower price.

[Kelvinid]

Despite the fact we still need to make the right calculation to conclude such as this, one of those calculations should be in the entry price of Bitcoin. Let's say you buy Bitcoin when the price was at 65k and now the price has dropped to 20k+ so if you buy Bitcoin now with the same amount you first bought you will get almost triple the amount you got at first purchase, so Bitcoin intrinsic value makes it volatility more difficult to understand and control to avoid loses.

If you are consistent with the idea of buying low and selling high - then nothing we have to worry about and for sure, we know how to handle the market drops and keep holding.

It was just about to happen sometimes that because we are in need of money we sacrifice our Bitcoin and sell them at a lower price. It sometimes happen to me but it was really the last option I'd made. This is to give an idea that investing doesn't all go well and successful, sometimes we fail and learn somehow.

[Falconer]

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

Somehow I agree with this idea although price fluctuations will affect its value in fiat. 1 bitcoin will remain 1 bitcoin regardless of how the market works, that means we have to ignore fluctuations and keep those bitcoins in the wallet.

Like gold, it may be a long-term store of value and bitcoin is good for the same idea. But financially we will definitely lose if the bitcoin is bought at a high price while the current price has dropped. I imagine a bad situation that requires you to sell bitcoin, would you consider selling it and accept the loss when you don't have an emergency fund reserve at that time?

[JoyMarsha]

Someone that has a long-time goal about bitcoin investment shouldn't be worried if he has a long-term plan of bitcoin investment. He is not worried about the loss of his investment if bitcoin depreciates badly cos he believes that he will surely make his profits back with patience. He will only lose when he buys higher and sells lower

[Kalson9]

And loosing that is due to the price value and when it rises it goes up,And that is why is advisable to have usdt.

[freedomgo]

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.

If you decide to sell your coins at a loss, then 1btc will not be the same anymore. And this is what most of the newbies do when they start panicking seeing the prices of their investments continue to decline. Instead of hodling since it will always retain its value and to stay away from losses, newbies resort into making mistakes and that is to sell bitcoin at a certain low price. That way, once you decide to sell at a loss, the value of bitcoin has already depreciated.

[boyptc]

Still a loss if you ask me for some reasons and depending on the person.

People will recognize the current value and not the bitcoin that they're holding. We may say that 1 btc = 1 btc at most times because we know that and we understand the essence of holding for a long time and that's not going to change a thing for us.

But for the others, we don't hold their minds and even if we comfort them by telling that 1 btc = 1 btc and they're not at loss until they start selling, they can't help themselves but always look at the market value that they have currently.

We've been there and also experienced that we used to check the prices from time to time and we cannot go further because we are realizing our losses.