Unstable prices of cryptocurrency

[freedomgo]

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?

It can't... Bitcoin by nature is volatile, with its limited supply, the supply and demand will play a big factor in the game, so you have to be aware of that as an investor. Haven't you research? I mean, if you do, you'll know that bitcoin is a highly volatile asset, hence it's considered as a high risk asset.

What you bought was already in your wallet, I suggest that you hold that and just wait for the right time to sell it, of course, sell it with a profit.

Don't invest yet, or pause it for a while, just continue educating yourself so you'll be so confident with what you are doing.

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[Dr.Bitcoin_Strange]

OP, there is a solution for what you seek, but the solution is a very bad idea and a big risk that could still land you in losses. Let's take, for example, that you bought $1000 worth of bitcoin when the price of one bitcoin was $44k. If you are watching the price closely and you notice that the price is dropping, you can sell off and hold back the Fiat, and if the price drops to $43k or $42k, you can rebuy, but that's just the strategy for some traders who want to make a short-term profit in Bitcoin.

If you take this approach that has been described above, there are chances that you might think that the price of Bitcoin is dropping and you rush to sell off, but the moment after you sell your holding, the price will just pump.

For the question you have asked, the answer is no, you cannot, unless you just want to swap your Bitcoin from Bitcoin/Fiat more frequently, and that's not what a real holder of Bitcoin should do.

If you want to invest in Bitcoin, then you should be prepared to hold it for a long time until you have achieved your desired profit. You don't have to look at the up and down in the price.

[Jegileman]

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.

If you come into the market with such mindset or trajectory, you will exit the market sooner because you are more prominent to losing more money if care is not taken. If the bitcoins don’t move in the direction that you’ve envisioned it to move, you’ll end up in disappointment just like you did now.

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?

Bitcoin is a volatile asset and a volatile asset does not work in that manner that you want your bitcoin to work. The market is always fluctuating and you can’t get an exact price everyday, it can go up and come down at anytime depending on the market conditions. If you want an asset that you want to hold and don’t get affected by the market conditions, you can go for stable coins. They don’t move and they remain the same value as they are for several time to come.

[Antotena]

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.

You didn't read the part where they said bitcoin is a high risk and volatile investment? Or you thought you will buy and the price will be going up in that manner?

The bitcoin in your wallet is the same amount you bought 1BTC=1BTC, the fluctuations and descripancy is from the price, you don't expect a price of an asset to remain in the same place forever, that's I why it's called bitcoin. The price is not stable, it can swing up or swing down depend on the condition of the market.

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! Bitcoin price fluctuations will affect the bitcoin in your wallet. If you buy bitcoin at the price of.$40k and after 3 days in your wallet, the price drop to $35k, you don't expect the price to be the same or are you going to be happy when the bitcoin price reach $100k and your wallet remain the same? It can't be the same because it's been traded everyday in the market.

[Litzki1990]

You bought bitcoins because the price of bitcoins only increased but you may not have thought that the price of bitcoins will not only increase but may go down sometime. Markets never go in one direction, some times go up, some markets go down and that is the habit of the market. To catch, you bought Bitcoin at the time when the price of Bitcoin reached its highest level, hoping to make a profit, but unfortunately the price of Bitcoin is now slightly below your purchase price. There is nothing to be disheartened even if it is slightly lower than your purchase price as we have seen the market turn positive again since yesterday. Just be patient and hope the bitcoin market pleases you very soon.

[Obim34]

@Cryptoprincess you need to understand the volatility attached with Bitcoin not considering it as a loss as long you do not sell them off, hold your Bitcoin as the price which you bought is definitely going to give you good profits when the bull run begins. Forget about looking at your wallet regularly as it causes unnecessary pressure and panics just you know the amount of Bitcoin you own does not decrease just the price decrease alone so their is every possibility of it recovering back, maybe even before the end of the year

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.

You should also be aware that even with your best prediction, you might still fall victim of buying and the price dipping after you think there will definitely be an increase in the price. Bitcoin volatility is unpredictable no matter how good you are, can never be a 100% correct all the time.

[Pmalek]

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.

I wouldn't call it dangerous. The volatility has always been there, and it's an integral part of the cryptocurrency scene. A rapid increase in value is also a volatile move, but people don't consider it and think about it in the same way. No one says that Bitcoin is dangerous because in the space of a few months, my purchasing power doubled. Volatility becomes an obsession only when it affects you negatively. But you have to be ready for it. OP has been a holder only for a few days. What would he do if his coins dropped 40-60% in value? Many of us have seen it in the past. @OP, you don't lose anything if you don't sell it.

[Adams0001]

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.

Anyone who is afraid to lose is not ready to succeed in crypto because if you put fear in your mind, you can put money to invest in bitcoin. You need to remove fear from your mind and believe in yourself that you will achieve your goals in your investment journey. You need to take risk if you want to get huge profit is just that you need to be patient and leave your investment for long term. Even if the price drops, you should not sell your coin because you will lose all of your funds because the price is volatile and will most likely climb again.

What I reason in crypto, if the price drop is an advantage for people who have not started investing in bitcoin, they can invest on it because the price has dropped and later for some days the price will rise again, as for me I don't think investing in bitcoin can be a loss because if I invest on it and the price drops, I will simply leave it because I know the price will rise again and I will get my capital back and profit.

[Omahabit]

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?

It is not possible to buy and hold bitcoin at a specific price, and the price will remain the same despite the dip after you purchase. Remember, if things were to be so, then the game of investment would not be complete. The benefit of every investment is to make  profit at a specific time when there is a change in the price of the asset. Note that the value of bitcoin will remain the same; the only change is the price.

[Outhue]

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?

Your Bitcoin can't go down, its the value of your Bitcoin in dollars that goes down, and the thing is you are not at lose, the problem is you invested money you aren't ready to lose on Bitcoin and that's a very bad way to be in Bitcoin.

Its possible that Bitcoin can go back down to 30k if you don't prepare for this right now you should start doing it now, money you aren't ready to see goes down you must not invest in Bitcoin.

My advice for you is that you only lose if you sell your Bitcoin, there is a high chance that we go 50k in 2024 and if you don't have some patience you will lose big time, for someone like me I am always happy about volatility on Bitcoin because its a good opportunity to buy more.

Volatility isn't dangerous to the smart investors, its opportunity for them, and those who lacks knowledge believes that going down is throwing money down the toilet.

[zaim7413]

For example, you buy Bitcoin when the price is trading at $43.943 for 1 Bitcoin, while the money you have only gets 0.025 Bitcoin. When the price falls, the Bitcoin you have does not decrease, the amount remains the same as when you bought it. So, the amount of your money decreases as the Bitcoin price falls.

Times like this require patience and mental readiness for beginners who have just entered the Bitcoin market. If you now have extra money that is not used for other needs, you can apply the DCA strategy regularly while the price is cheaper when you first make a purchase. Don't panic, Bitcoin will rise again. The new year is almost here, you will feel the benefits of the investment you made in Bitcoin.

[Samlucky O]

Bitcoin amount don't change rather the price change. When they said increase in Bitcoin price, to a newbie it seams the bitcoin also increase or fall with the price but it's not that way. Though I observed something like that on my CEX but not DEX but it's not often. The Bitcoin amount will just change a little but not much. So dont get co fused about that.

[Dunamisx]

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?

Literally you can't, except if you make use of an external custodial organizations that may offers you such when you insure your bitcoin with them, you have to be reminded that bitcoin is a volatile cryptocurrency, it's not fix, except you convert it to a stable coin like USDT and then later back to bitcoin as you wish, yet it's either increases or decreases even at the cause of doing this process.

[Viscore]

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?

If you never sell at a lower price, then you will never lose your bitcoins in your wallet. The problem is mostly newbie investors these days easily get bothered when bitcoin price drops significantly so they tend to be panic and lost their focus on their goal. However, as long as they don't resort into panic selling, their investments are safe. But not all newbies can take control of their emotions, majority still fall and end up selling at a loss.

Know that bitcoin does not follow a fixed price or stay in an upward position all the time. Bitcoin is highly volatile, so expect that it's price will never stay up or down all the time.

[CryptopreneurBrainboss]

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 Bitcoin in your wallet isn't decreasing if you notice and that's because the dip only affect the fiat value or your Bitcoin and when we don't panic and sell, we won't lose. Bitcoin price is volatile due to many factor but it never affects the quantity of Bitcoin you own. As you invest, the next thing is to hodl and that's why it's very important to only use spare funds for investment or money that you don't need urgently and can afford to lose. Instability of Bitcoin price is a common phenomenon with Bitcoin. There has been no time that the price of Bitcoin has remain stable for a minute.

Bitcoin is a currency that is been used as a store of value and investment vehicle for investors so you don't expect the price to be stagnant. We have people steadily buying and selling Bitcoin (trading) on exchanges both CEX and DEX so you can't buy Bitcoin and hold it at a specific price unless you convert your Bitcoin to stablecoins. When the price of Bitcoin dips, don't panic but use the opportunity to add to your current stash as it increases the quantity of Bitcoin you own for a lesser cost and also gives you more shares of profits to be made when Bitcoin recovers.

[Huppercase]

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?

What was the purpose of buying the bitcoin? You didn't know well that it is an asset that goes up and down value? This question is really funny and immature but perhaps you don't know what you did invested on in the first place but let me give you small education about what you bought.

Bitcoin is an asset to many just like many investments like the stocks, securities and bond, the purpose of buying them is because people believe that this assets has an intrisinct value and after some time, they appreciate in value and they can also depreciate depending on the conditions of these assets but often, many people have faith and hope for it to appreciate in value. Bitcoin is just like that but it is too volatile and the way it depreciates is the way it appreciate when the price want to change.

To answer your question, my brieft explanation should have answered your question. If you want the price to be stable and desn't want it to depriciate then you shold anticipate for it to increase as well or perhaps you should have buy stablecoin instead if you don't want to see it depreciate in value.

[Crypt0Gore]

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?

You really don't want to see your Bitcoin go down, unfortunately Bitcoin is not a stable coin like USDT, if all you want is a permanent value then sell your Bitcoin for stable coin, its like you don't know what you are doing, it shows that you haven't done good research on Bitcoin first before buying and that's a bad beginning already.

What you seek for is so unfair, you don't want to see the value go down but you want it to go up? Sorry to say but Bitcoin investment is not for someone like you, its better you find something else to do with your money, because Bitcoin can still go down.

Do not invest if you are not ready to lose money, investment is very risky, you need to so research before risking your money.

[lalabotax]

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?

Before you start investing in cryptocurrencies, whether it's Bitcoin or altcoins, you should really understand what the crypto is like, what the volatility is like, what the price is and what the cycle is like. because the price of Bitcoin will always be like that, volatile, will go up easily and will also go down easily or will also go away at the same price. That's why if we have decided to invest in Bitcoin then we must be ready to hold. This holding is carried out not only for one day or two days or one month but also for certain periods so that Bitcoin can reach the target price that we expect. What is certain is don't panic and don't immediately sell at a lower price. You still have the same Bitcoin, just convert it to your local Fiat which will decrease or increase. be calm and just wait for the Bitcoin price to rise again

[_BlackStar]

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?

How could it be? Really - you should immediately know that bitcoin and all crypto assets are volatile assets. You can't freeze the value so it stays the same once you withdraw it to your wallet - unless you have the mindset that 1 bitcoin is 1 bitcoin. Even if you turn off the internet and don't monitor prices after a few years – then price volatility still occurs. Never mind bitcoin and crypto assets - even fiat will fluctuate due to inflation.

[GeorgeJohn]

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?

You should panic whenever the price of bitcoin is dropping after you purchased bitcoin, I will like advice you as a beginner not to panic over the price been depreciate immediately you purchase, what I want to ask you is that what do have in mind to buy bitcoin, because if you bought for long-term investment you will not be curious to know when the price is dropping and that is what is putting fear in you, secondly a short investment is what will make someone to be over curious investment, but just relax bitcoin may probably increase above 41 42 and 43k