Unstable prices of cryptocurrency

[Wakate]

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?

Wow, what a smart question. If there is anyway people can reduce the bear momentum when they are holding Bitcoin so that the fall in price will not affect them, then no body would want to sell their Bitcoin since they will be able to hold it for a longer time without depreciating even when the market falls. Things do not work like this in the market. Since we can make profits from the market, the same way we can make loses from the market too.

We need to understand many things about the liquidity of Bitcoin and what it can cause in the market. If we are not ready to take the risks any longer then we should be ready to convert our Bitcoin to stable coins to hold for as long as possible so that when the market start going bullish we can convert it back and start preparing for more profits if the market keeps going bull.

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[BitHeir]

We need to understand many things about the liquidity of Bitcoin and what it can cause in the market.

Is Liquidity related to altcoins, not Bitcoin?

Bitcoin does not have staking pools and it only has Trading volume.
Altcoins have Proof of Stake or staking pools with their promised APYs, and they have Liquidity pools too.

[boyptc]

As long as your assets while you're holding is in bitcoin and any other cryptocurrencies that are not stable, you're bound to see the fluctuations.

Upon going on with Bitcoin, it's part of the understanding that you're investing in an asset that is very volatile so there's no escape with that unless you're the one does the maneuvers in exchanges.

[Fara Chan]

Is Liquidity related to altcoins, not Bitcoin?

Bitcoin does not have staking pools and it only has Trading volume.
Altcoins have Proof of Stake or staking pools with their promised APYs, and they have Liquidity pools too.

Comparing Bitcoin with any altcoin, it is clear that anyone will find differences and even very special differences. A close example is Bitcoin which is able to make the market look better when its price is increasing and immediately has an influence on most of the altcoins that have been in the market for a long time. Meanwhile, altcoins cannot have such an impact on each other as well as on Bitcoin when the market is in bad conditions or when Bitcoin is experiencing a price decline, so the difference is quite clear and quite real when explored more fully.

[Kelvinid]

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?

Don't get confused about this OP, the amount of Bitcoin will remain the same but the value (in dollars) is the only thing it changed. If you never touch or sell them, you will never incur losses and that is why we don't just know how to buy but also we must know how to hold and are able to understand the volatility of the market. That is why stop thinking that earning a profit is instant and that what you have experienced now will tell you that you are wrong. If I were you, don't bother to check your wallet every day, let the price grow, and wait for 1 year then you can see profit that time.

[Gladitorcomeback]

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.

First of all you should know that there is no guarantee tha btc will always make green candle. As a newbie to investment you don't need to check your wallet again and again to check the status of your balance. When you choosed btc then nothing to be worried about and wait for best time to book profit.

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 quantities of btc will remain always stable. the dump and pump you are experiencing are just because of price change. Don't worry btc will once again rise to your entry point and indeed more than this and you will then enjoy to see your wallet fund.

[khiholangkang]

Buying at any price of bitcoin you have is the amount at the price you buy, price fluctuations are normal in an asset, including bitcoin which has fluctuations that I think are quite high, so you don't need to panic because the halving is still far away and the price is still at the $ 41k level, but for those of you who are beginners I think panicking about the value of the money in your wallet is a natural thing, but I want to remind you that you should not be afraid of losing your money in bitcoin.

If your goal is to invest for a long time then next year you will get a decent return, bitcoin still has a lot of agenda and will get mass adoption back as in previous cycles, precisely according to if the price of bitcoin drops again, then it is our opportunity to buy again at a cheaper price.

[doomloop]

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?

I don't see anything confusing in that and what you do not understand about how a price change works. You bought Bitcoin because you were expecting its price to increase so that you can earn profit which means you know that the value of your Bitcoins increases when its price increases, so what do you think would happen if the price drops? It's a simple thing, the amount of Bitcoins you have doesn't change but the value of your Bitcoins changes based on its price.

Consider Bitcoin like any other thing, maybe a product like a smartphone or a laptop. If a smartphone is priced at $1,000 today, and its market value changes the next month, that doesn't change anything in your mobile, but it will just change its market value which means that you won't get the same amount if you go for selling it back.

[HajiBagi]

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?

Smile, you are comfused mate, and it is very good to ask because anything that you don't understand you have to ask question, as far as you bought your bitcoin and no one have access to your wallet nothing happens to your bitcoin, is the price that make your bitcoin go down when the price move up you will see that the bitcoin will rise up more than before and it will be like a surprising to you, that is the nature of bitcoin bro and I believe you will not regret investing in it because you sound like someone who is about to lose his bitcoin.

And also the reason why you are surprised about the the bitcoin going down is because you haven't experience that before and I think now you will understand more, so next time before you invest in bitcoin make sure you know it very well please don't come and give yourself a heart attack because the shock of losing something big like bitcoin can easily give someone heart attack and die, don't worry bro take care of your investment and you will enjoy it, smile.

[odunybiz]

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?

Why have you invested in BTC? If I'm right, you really invested to make profit. Remember, profit can't be made with a stable price. Although you were expecting an increase in price that was why you were shocked by the decrease in price. That's cryptocurrency for you, today it may be dip, tomorrow it may go up. Your BTC value never reduce just that the price of BTC has decrease. So hold you BTC with patience for profit in future.

[cryptoaddictchie]

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 I dont think thats even possible. You mean to say to stuck at the price of purchase? Its a volatile asset and it will tend to go up and down in the long run. If you want something that dont move then buy stablecoin usdt or udsc. This might change in value but not really moving far from the price. Probably you are confuse about it. When you bought at 43k and it go down, you expect it to go up only and wont touch your entry and just sell at high? This isnt gonna make sense. Learn how crypto works best first mate before purchasing a lot of different asset.

[Richbased]

OP Inasmuch as currencies not only cryptocurrencies are concerned, there is absolutely no way the prices can be stable, there will always be fluctuation in their prices due to the competition they face in the capital market. So the unstable prices of crypto currencies will always continue but the value of the assets that is being purchased doesn't change so don't be afraid of their fluctuations as your assets are still intact, your concern should be on acquiring more of it regardless of their current prices.

[lienfaye]

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 price of Bitcoin is unstable and that answer your question if you can hold at specific price. This is one of the reason why people are engaging themselves in Bitcoin, due to high volatility and a chance to gain huge if you're patient to wait.

Keep in mind that your Bitcoin is still intact and only its price is changing. That's why long term hodlers doesn't concern themselves even the price is plunging since they plan to hold for long time. It is actually the suitable strategy if you want to maximize your profit. Nevertheless, take time to learn to become aware of what an investor should know before investing.

[Solokan]

Bitcoin's price has a fluctuating nature, of course for beginners there will be a little disappointment, but that's normal for beginners because they may not be experienced and don't have much insight, but for those who have known Bitcoin for longer and have extensive knowledge, of course there will be no panic when they see it. BTC price goes down. op, the price of BTC is always fluctuating and the price of BTC is always going up and down, but of course the number of BTC will not decrease. The fluctuating price of BTC certainly has a positive impact on those who can make good use of it. I think holding BTC is certainly the best way and only selling when there is a profit. Op, don't panic about BTC because BTC is the safest crypto, but of course investing in BTC is very risky, and only money that is ready to be lost is worth putting in BTC. and use a secure wallet so that your assets are kept safe like a hardware wallet.

[Rockstarguy]

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 need to understand that the price of bitcoin is volatile and you can only make profit from Bitcoin,  if only you can hodl. You can't predict bitcoin to make profit at your own of wish. Do not be worried of the dip you see when you have bitcoin in your wallet. The dip won't remain forever, the dip is also an opportunity for other people to buy bitcoin too. Do not get panic of the dip,  it just the nature of Bitcoin.  You just need to exercise patience to hodl bitcoin,  without patience it will be impossible for you to hodl bitcoin,  don't be distracted of dips, when you keep on hodling even with the dip their is no lose that has occur, but when you sell in panic because of the dip you will be at lose.

[Kelward]

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.

This is the reality of cryptocurrency in general, the amount of the crypto that you have remains what it is, only the value fluctuates accordingly to the supply and demand in the crypto market. I hope that the OP has a better understanding of how Bitcoin works, the value increases when it's price pumps, likewise when there's price dump it's value decreases. So to be on the safer side let him consider to hold his Bitcoin on a long term basis, because despite how it's price fluctuates, in the long run it's always more valuable, so leave it throughout bear run and sale during bull run. Bitcoin is a valuable digital asset and a very good option for anybody that wants to invest their money.

[Sandra_hakeem]

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 quickly bought Bitcoin because the price was increasing day by day... Is that what you call HODLing?? How do you expect an increment in your coin with the little movement and price action, considering the volatility and everything??..
There's a designated time to buy and HODL; that's the DIP..  it's advisable as that'll augment the VALUE, not the QUANTITY... Take note. You said it already that the price of cryptocurrencies are unstable,... Are you supposed to jump into the market like that??  that's why you ought to learn and develop yourself first..

Sandra 🧑‍🦰

[BitcoinPanther]

There's a designated time to buy and HODL; that's the DIP..  it's advisable as that'll augment the VALUE, not the QUANTITY... Take note. You said it already that the price of cryptocurrencies are unstable,... Are you supposed to jump into the market like that??  that's why you ought to learn and develop yourself first..

Sandra 🧑‍🦰

Kinda baffled in this last sentence of yours @sandra, I wonder what is the relation of developing one self to the fluctuating price of cryptocurrency?  I bet none..? 

Anyway, @OP is just new to the crypto scene and was hyped to buy when Bitcoin is surging and when the price plummet @OP is somehow worried that his investment will suffer losses.  That is natural especially when the investor have shallow understanding of what he is invested with.  I would like to suggest @OP to keep on holding your Bitcoin while you are learning things about the Bitcoin market.

Since Bitcoin is for long term hodl, I bet you will have ample time @OP to understand what kind of investment you get yourself into and as you learned you will start to believe that you have not wasted your money investing in Bitcoin.

[Zlantann]

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 problem you have is that you read nothing about Bitcoin before buying. You saw Bitcoin as a get-rich-quick scheme which is why you think you could buy Bitcoin and sell it in a few days making so much profit. Another mistake you have made is that you bought Bitcoin during the pre-bull run when the price was already high.

I have two pieces of advice for you, the first one is that you need to invest time to read about Bitcoin. Information in this forum will be valuable if you want to do research. The next one is that you have to be patient if you claim to be a long-term investor. The price will keep going up and down until you get to your targeted loss or profit. You will make a profit if you are able to overcome FUD and sell above your buying price. But if you become scared, you might be tempted to sell below the buying price which leads to a loss.

[NewRanger]

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.

Looks like it will happen. I saw that the market has just started to reverse the price back up, if the highest price some time ago is exceeded again, it will be very certain that what you said will most likely happen, it's just a matter of being tempted or not for those who are patient and have been holding their BTC from being sold. why is that because this is also the New Year moment and many people will take time off to go on holiday with their families. Yes. 8 more days left for December and after that 2024 will come.