Unstable prices of cryptocurrency

[Cryptoprincess101]

As a beginner, I bought Bitcoins few days ago when the price was $43,943 with the hope that since the price has been increasing rapidly, that it will continue to increase but now that the price is dipping I now found out that the Bitcoins in my wallet is also going down.

So my question is that can't it be possible for someone to buy bitcoins and hodl it at a specific price such that even if the price dips it won't affect the Bitcoins you have hodl in your wallet?

[1715099269]

1715099269

[TimeTeller]

Do remember that it is only the price that is changing in the market, but the amount of bitcoins you have
won't change. So let's say, you have 0.5 btc, after several months, you still have your 0.5 btc in your wallet.
I understand you bought btc hoping that it will continuously increase but it is not the reality, as we have roller coaster ride in any market
not only the btc market. But the hope of most btc holders is that one day, they will unload their stash at a much higher price,
definitely, higher than their buying price. So don't panic as it is not the end of btc, you are just experiencing the up and down movement.

[OcTradism]

now that the price is dipping I now found out that the Bitcoins in my wallet is also going down.

It is a value of your bitcoin amount. The value increases or decreases with Bitcoin price but the amount of bitcoin you have in that wallet must be the same. It will only be changed if you deposit more coins to that wallet, address or if a hacker exploits that wallet and steal coins from you.

So my question is that can't it be possible for someone to buy bitcoins and hodl it at a specific price such that even if the price dips it won't affect the Bitcoins you have hodl in your wallet?

You can hold, your bitcoin amount will not be changed but the key is holding it in your non custodial wallet, don't hold it on centralized exchanges, online accounts.

Reminder: do not keep your money in online accounts
Choose a wallet to use https://bitcoin.org/en/choose-your-wallet
Like Electrum wallet (open source, non custodial, available for both Windows, iOS, MacOS, Linux and Android).
Download the wallet, verify it.
[GUIDE] How to Safely Download and Verify Electrum

[Zaguru12]

As a beginner, I bought Bitcoins few days ago when the price was $43,943 with the hope that since the price has been increasing rapidly, that it will continue to increase but now that the price is dipping I now found out that the Bitcoins in my wallet is also going down.

So my question is that can't it be possible for someone to buy bitcoins and hodl it at a specific price such that even if the price dips it won't affect the Bitcoins you have hodl in your wallet?

Hey OP welcome to the world of bitcoin or let me say cryptocurrency. Bitcoin price is volatile because of the variation in the demand and supply quantity. If the demand of it becomes high then the price grows and if the supply increases then it falls in price. All this volatility affects the price assigned to it but not the bitcoin it self. If you buy a certain number of bitcoin say 1 bitcoin, it will remain as 1 bitcoin in your wallet and only the price assigned to it will varies due to the demand and supply chain explained above.

Due to the volatility nature of bitcoin it is always advice to invest an amount that you can lose to avoid getting impatience with the price fall. One easy way to gain profits from bitcoin is to hold it for a very long time because the price has proven to increase as time and its adoption rates increases. So invest an amount you can afford to lose, so that it will be easy to hold on to for a long time and also use a wallet that is secure to safe your funds and not exchanges.

Choose a wallet to use https://bitcoin.org/en/choose-your-wallet
Like Electrum wallet (open source, non custodial, available for both Windows, iOS, MacOS, Linux and Android).
Download the wallet, verify it.
[GUIDE] How to Safely Download and Verify Electrum

Electrum is yet to support IOS devices, all electrum wallets seen on iOS App Store are Fake, electrum as of now supports just the android versions on mobile devices and all OS on PCs. A wallet that is good enough to keep your funds on IOS devices is the BlueWallet.

It is worth mentioning to OP that software wallets or online wallets aren’t the best options to store your funds if it is a large amount and you’re holding for a long time. You can get a hardware wallet or airgap the device use to store the software wallet

[YUriy1991]

If we look at its current dominance, more and more people are starting to hold on to their Bitcoins instead of spending them. Now. Never doubt this coin, this fluctuation is only temporary from its current value, it looks like it will change drastically in the future and the most important thing is that you control your own money with BTC right now. Btw, regarding a good wallet for saving, follow @OcTradism's advice and please you read carefully.

[Poker Player]

I see so many errors in what the OP says that I don't even know where to begin.

If you are going to invest in something, what you have to do is study it and make a reasoned decision as to why you are investing, not just buy because you think the price is going to go up. The latter is gambling, not unlike betting at the casino.

There are more volatile investments, such as Bitcoin, and the way to appease volatility is to think about the long term.

You have a lot to learn, OP.

[mk4]

So my question is that can't it be possible for someone to buy bitcoins and hodl it at a specific price such that even if the price dips it won't affect the Bitcoins you have hodl in your wallet?

Your bitcoin holdings hasn't been affected, only the value of your bitcoin. Think about it: if you bought a gold bar and the price of gold suddenly crashed, is your gold bar suddenly physically cut in half?

[Hewlet]

As a beginner, I bought Bitcoins few days ago when the price was $43,943 with the hope that since the price has been increasing rapidly, that it will continue to increase but now that the price is dipping I now found out that the Bitcoins in my wallet is also going down.

So my question is that can't it be possible for someone to buy bitcoins and hodl it at a specific price such that even if the price dips it won't affect the Bitcoins you have hodl in your wallet?

That is called volatility 105. You probably have read that bitcoin is volatile and probably it didn't make much sense to you until you actually had a Bitcoin which brings the concept of volatility to reality.

From what you said, your only bought your first bitcoin some few days ago and you shouldn't be in a serious haste to experience or getting worried about the any fluctuations you are experiencing at the moment. It's a welcome note to the ride.

[Porfirii]

I see so many errors in what the OP says that I don't even know where to begin.

If you are going to invest in something, what you have to do is study it and make a reasoned decision as to why you are investing, not just buy because you think the price is going to go up. The latter is gambling, not unlike betting at the casino.

There are more volatile investments, such as Bitcoin, and the way to appease volatility is to think about the long term.

You have a lot to learn, OP.

He is still learning, so his mistakes are reasonable somehow.

OP, when you buy after a sharp increase in thinking that it will continue growing it is called FOMO and it is a very well known phenomenon in trading in general and in crypto in particular. Did you want to make quick gains and liquidate fast? then you were gambling rather than investing.

About your second question, the only way you can freeze the value of your BTC is selling them. You can do it for fiat or you can buy stablecoins which are pegged to USD: it is not completely safe as liquidity of stablecoins is not guaranteed, but it can be interesting if you din't want to abandon the crypto circuit.

Of course, chances are that after "freezing" the value, the price pumps and you miss the train. But again, that's because you're gambling, not investing (hodling). If you only invest what you can afford to lose, you should never be worried about short term fluctuations.

[Sebas.tian]

So my question is that can't it be possible for someone to buy bitcoins and hodl it at a specific price such that even if the price dips it won't affect the Bitcoins you have hodl in your wallet?

There is no way the price of Bitcoin will decrease down in the market and your bitcoins in your wallet will not decrease down too, because if you look at your wallet now you will discovered that the Bitcoin your bought when the price was $43,943  and now that the price has reduced to $41,564 , it show that if you sell at this current price it will cause you loss, because the Bitcoins in your wallet has decreased when the price of Bitcoin in the market decrease. I will advice you to learn more about Bitcoin before using huge amount of money to buy Bitcoin because if you don't know some of the simple things that involved in Bitcoin investment, it can lead you into the hands of scammers that will make you to expose your personal details.

[SPARE]

Cryptocurrency market is like this and the price of cryptocurrency is always up and down and this market is very dangerous so you should remember that before investing here you must accept that your value can go up and down at any time. Another thing to remember here is your holding quantity.  It will not decrease, only your value will be less and more, so if you invest here, you have to invest with high risky.

[Baki202]

If we look at its current dominance, more and more people are starting to hold on to their Bitcoins instead of spending them. Now. Never doubt this coin, this fluctuation is only temporary from its current value, it looks like it will change drastically in the future and the most important thing is that you control your own money with BTC right now. Btw, regarding a good wallet for saving, follow @OcTradism's advice and please you read carefully.

individuals are becoming more interested in bitcoin every second, and a larger percentage of individuals are holding the cryptocurrency. Many are also waiting to see what the upcoming year holds, and the market is retreating. And a lot of people won't spend their bitcoins right now, which is why I'm always shocked when I see folks in El Salvador using their cryptocurrency.
The best course of action is to become accustomed to bitcoin's natural volatility.Moreover, a magical hike will occur when you least expect it. The reality is that managing finances is an other school altogether, and security is something else to think about carefully once more.

Cryptocurrency market is like this and the price of cryptocurrency is always up and down and this market is very dangerous so you should remember that before investing here you must accept that your value can go up and down at any time. Another thing to remember here is your holding quantity.  It will not decrease, only your value will be less and more, so if you invest here, you have to invest with high risky.

And because of the ups and downs, countless people are put off investing in bitcoin because they fear losing their money, and those kinds of people aren't prepared to start making money because they don't want to lose money.  At times, taking a chance could prove to be worthwhile. It's not so much how you comprehend the complete market as it is how you plan and execute.  Taking a risk is the best course of action, but as they say, you should only invest what you can afford to lose. This will help you feel less affected.

[Razmirraz]

The Bitcoin in your wallet doesn't go down, 1 Bitcoin will forever be 1 Bitcoin, it's just that the value goes down due to the frequently changing price. This is how the Bitcoin price cycle moves, there are times when you will be heartbroken due to a very drastic price drop and there are also conditions where you will immediately release it after the profit obtained has reached the target. Investing in Bitcoin requires financial and mental readiness, patience is a supporter in achieving investment goals. When you are still afraid of facing risks, it means you are not ready to invest.

[Faisal2202]

So my question is that can't it be possible for someone to buy bitcoins and hodl it at a specific price such that even if the price dips it won't affect the Bitcoins you have hodl in your wallet?

Hmmm, let me contact Satoshi or Sir Newton or Einstien, (just kidding) Well, that's not possible because if you have a piece of BTC then the price will be the same for your piece of BTC which is for other pieces of BTC. It will automatically reflect as live price APIs are integrated into the wallets you are using to hold your BTC. I think you are new to crypto and maybe panicking or your feelings might be telling you, creating suspense in you that hey look your money is getting lower you should avoid BTC or book your capital at the current price while you can.

I don't know how much you have invested but don't panic and before investing in BTC try to learn a few things like how BTC works, and what is blockchain because trading or investing in BTC with no knowledge of it can cause you to become a prey to market sentiments which you should avoid. I have linked a topic that you should lead to know more about market sentiments.

In short, your btc price will remain the same all you can do is avoid looking at them because you are holding it, and in holding we invest our money for a longer time so you have to stop looking at the price again and again, or it will make you to take some action on which you might regret later but I hope you will not have to.

[albon]

As a beginner, I bought Bitcoins few days ago when the price was $43,943 with the hope that since the price has been increasing rapidly, that it will continue to increase but now that the price is dipping I now found out that the Bitcoins in my wallet is also going down.

So my question is that can't it be possible for someone to buy bitcoins and hodl it at a specific price such that even if the price dips it won't affect the Bitcoins you have hodl in your wallet?

Hello and welcome! We're glad to see your topic. It's great that you've started the journey of buying and investing in Bitcoin. You're at the beginning of your trip, and we hope you achieve the profits you aspire to with patience and perseverance. Don't let market volatility and FUD affect you someday. Of course, Bitcoin, like any other cryptocurrency, experiences sharp market fluctuations. You bought Bitcoin at $43,943, and the price was high. When there was a correction in the price, and it dropped to $41,000, the price of the amount you bought undoubtedly decreased, but the amount of Bitcoin in your wallet remains constant. If Bitcoin rises again to the previous price level, you'll find that the price of your amount has returned to the purchase price. Don't worry at all, and always increase your amount at different low price levels and invest what you can afford to lose.

If you don't want the price of the Bitcoin you invested in to be affected if the price drops, it won't happen in Bitcoin investment unless you exchange Bitcoin into any of the stablecoins that freeze your capital from price fluctuations, as these coins are not affected by increases or decrease at all.

[serjent05]

As a beginner, I bought Bitcoins few days ago when the price was $43,943 with the hope that since the price has been increasing rapidly, that it will continue to increase but now that the price is dipping I now found out that the Bitcoins in my wallet is also going down.

So my question is that can't it be possible for someone to buy bitcoins and hodl it at a specific price such that even if the price dips it won't affect the Bitcoins you have hodl in your wallet?

No, the value of Bitcoin in your wallet is always affected by the price change in the Bitcoin market.  We all know that Bitcoin is highly volatile and the market dictates the value of Bitcoin in our wallet.  Since Bitcoin is highly volatile, we will always see that the value of Bitcoin in our wallet is fluctuating. 

If you are worried about your investment, you just need to have patience.  Do not panic and wait for the market to surge.  Bitcoin is about to enter its halving event and we all know that months after the halving event, the Bitcoin market tends to break its all-time high.  If you wanted to sell at a profit then better have patience and wait for the market to get bullish and uptrend until Bitcoin records another all-time high.

[sunsilk]

As you have on your title, Bitcoin is known for having unstable price and that's what we call volatility. This is a main feature of bitcoin that's not going to go away.

So, if you are concerned that you want to buy and it won't be affected by the volatility you better go ahead and use stable coins for it so it can save and retain the current market value of the Bitcoin that you've bought.

But this is hassle if you're going to do everytime you think that the market is falling. Just take it and you'll love Bitcoin's volatility.

[hatshepsut93]

So my question is that can't it be possible for someone to buy bitcoins and hodl it at a specific price such that even if the price dips it won't affect the Bitcoins you have hodl in your wallet?

There are futures contracts that allow you to buy or sell Bitcoin at a specific time in the future at a specific price - but those are done through centralized platforms so you can't really own Bitcoin in your wallet that will somehow will never change its price. There are stablecoins for that - coins that are always worth $1 or at least promise to do so, but they are also more centralized when compared to Bitcoin.

[suzanne5223]

As a beginner, I bought Bitcoins few days ago when the price was $43,943 with the hope that since the price has been increasing rapidly, that it will continue to increase but now that the price is dipping I now found out that the Bitcoins in my wallet is also going down.

So my question is that can't it be possible for someone to buy bitcoins and hodl it at a specific price such that even if the price dips it won't affect the Bitcoins you have hodl in your wallet?

The November and December market to the year of halving is always up and down trend season of the market before the total rally starts. I will advise you to hold the BTC for at least 12 months if what you're looking for is short-term profit and if you have extra capital I will advise you buy more because next year market will be crazy.

[JMBitcointernational]

As a beginner, I bought Bitcoins few days ago when the price was $43,943 with the hope that since the price has been increasing rapidly, that it will continue to increase but now that the price is dipping I now found out that the Bitcoins in my wallet is also going down.

So my question is that can't it be possible for someone to buy bitcoins and hodl it at a specific price such that even if the price dips it won't affect the Bitcoins you have hodl in your wallet?

While this cryptocurrencies Show Promise sometimes,Market dynamics are unpredictable.Therefore , thorough research And staying informed are crucial for navigating this dynamic landscape wisely.

This is because cryptocurrency hodling And trading involves risks And you are supposed To do proper research before making investment decisions.