You don’t loss by holding
Preface: As someone who is familiar with the world of investment and investing, it’s important to have some basic knowledge about the field for which your invested in, accept the possibility of a loss and know how to prevent losses of you can.
This I have come to realize in Bitcoin to be the case when you evidently do nothing. It’s the concept that have backed holding and majority of the people we find holding today.
You do so much in doing nothing
It isn’t far fetched that the Bitcoin of cryptocurrency industry is enveloped in two major seasons which is the bears and the bulls. This is as a result of the volatile nature of the space which creates in the mind of investors several actions and inactions that could either lead to a buy, sell or hold.
Not so long ago, we enjoyed the thrills that comes with the bulls pushing price to highs and more highs, leaving investors with the joys that comes with haven’t bought Bitcoin at the time they bought it.
Now, the bears seems to have gained momentum and continues to drag price down. At the moment, the price of Bitcoin is about $60k. As unexpected as it is, it’s just a side to the market, a necessary correction as I see it from a historical stand point as Bitcoin would always bounce back.
This reality is pushing weak hands to sell and have to regret haven’t bought Bitcoin at all or when they bought it but, I want to remind users within this line of thought something;
1BTC = 1BTC
0.005BTC = 0.005BTC
1mBTC = 1mBTC
It’s the ultimate calculation that matters. Every other thing else is just the dollar validation. A currency isn’t more validated by another currency and it’s only as strong as we perceive it to be.
While, we might be all worked up with the price per $ value of our Bitcoin asset, the asset itself remains unchanged.
What we could do about the dollar validation:1. It could serve as a signaler to buy even more volume which agrees with the buy low and sell high principle.
2. It calls to mind that, you don’t have to sell low or at a loss as, that disagrees with the above principle (it’s the reverse of the above).
3. It calls for more holdings.
4. It should as well remind you that, you haven’t taken any loss by not selling. This agrees with the formula: 1BTC = 1BTC
Be careful not to feed the reason that would lead to your losses in your Bitcoin investment. You can actually do so much in doing nothing and just holding. Bitcoin does bounce back and that is a fact. Check price history through the years for proof, I wouldn’t give you any in specific but, just going online and checking across the years and you would find your proof.
Give yourself reasons to hold and buy more. Looking for the dip, low counts for a dip too, buy while you can and device a long term plan for your Bitcoin holdings.
You’ve not loss, if you’ve not sold!
