The profit over lost in BTC

[Israelgogo]

Most at times we predict market possibilities and trade according to our calculations but I think don't anybody have the complete knowledge of BTC just like forex, Jess forex nearly end my life though I scale through...BTC has be deepening for sometime now, I told someone to holdon before he buys the deep but he existed that he knows much about BTC. Unfortunately his 2k dos is now fraction of Naira though am still encouraging him to leave it that it rise after January possibly.
The question is do we always expect profits even when we know we have lost beyond our expectations.

[hmbdofficial]

Most at times we predict market possibilities and trade according to our calculations but I think don't anybody have the complete knowledge of BTC just like forex, Jess forex nearly end my life though I scale through...BTC has be deepening for sometime now, I told someone to holdon before he buys the deep but he existed that he knows much about BTC. Unfortunately his 2k dos is now fraction of Naira though am still encouraging him to leave it that it rise after January possibly.
The question is do we always expect profits even when we know we have lost beyond our expectations.

What did you mean by his $2k has become a fraction of naira ??

Buying the deep is the best and the right time to buy. the market is volatile i.e it can drop and rises again but there is a clear fact about bitcoin it will definitely going to bull again. Do if you are opportune to buy any fraction of bitcoin at this Moment just buy and look out for what it’s going to turn out to in the next few month

[Mekie21]

Most at times we predict market possibilities and trade according to our calculations but I think don't anybody have the complete knowledge of BTC just like forex, Jess forex nearly end my life though I scale through...BTC has be deepening for sometime now, I told someone to holdon before he buys the deep but he existed that he knows much about BTC. Unfortunately his 2k dos is now fraction of Naira though am still encouraging him to leave it that it rise after January possibly.
The question is do we always expect profits even when we know we have lost beyond our expectations.

First of all, he shouldn’t be regretting  his actions because Bitcoin has left a track record over the years and it should be enough reason not to fear. Bitcoin will definitely break its previous highs, if I were in your shoes, I would have advised him to buy Bitcoin via the DCA method. Probably, on his own speculations he felt Bitcoin is about to retrace as he said he knows BTC very well. Nevertheless he shouldn’t regret all he needs right now is patience.

[john_egbert]

What's dos in this context, can you explain, please?

[BattleDog]

Your friend didn't lose money because he lacked "complete knowledge of BTC". None of us have that, and knowing the tech or the history doesn't magically give you a timing crystal ball. He lost because he chose a short-term bet in a market that can happily cut your position in half and then in half again before doing anything nice. When somebody says "I know BTC very well" and then apes in on one entry with no plan for what happens if it drops 50%, the market usually gives them a free humility lesson.

The people saying "just buy the dip, it will definitely go up again" are only telling half the story. Yes, historically bitcoin has made new highs after brutal drawdowns, and if your friend can genuinely hold for years, odds have been kind to that strategy so far.

[john_egbert]

Your friend didn't lose money because he lacked "complete knowledge of BTC". None of us have that, and knowing the tech or the history doesn't magically give you a timing crystal ball. He lost because he chose a short-term bet in a market that can happily cut your position in half and then in half again before doing anything nice. When somebody says "I know BTC very well" and then apes in on one entry with no plan for what happens if it drops 50%, the market usually gives them a free humility lesson.

The people saying "just buy the dip, it will definitely go up again" are only telling half the story. Yes, historically bitcoin has made new highs after brutal drawdowns, and if your friend can genuinely hold for years, odds have been kind to that strategy so far.

I sign up under that - if you can hodl for around 4-5 years, you are going to see results.

We shouldn't expect wonders from BTC in 1 day, month, or in some cases - even year.

[boyptc]

Most at times we predict market possibilities and trade according to our calculations but I think don't anybody have the complete knowledge of BTC just like forex, Jess forex nearly end my life though I scale through...BTC has be deepening for sometime now, I told someone to holdon before he buys the deep but he existed that he knows much about BTC. Unfortunately his 2k dos is now fraction of Naira though am still encouraging him to leave it that it rise after January possibly.

When there are people involved with their losses, I guess that those investors that have lost some profits or their capital will have to look on who are those involved why they invest.

Encouraging them to stay and do some good moves will help them to decide well. But do not expect that all of them are grateful with the suggestions we give them.

The question is do we always expect profits even when we know we have lost beyond our expectations.

Me, I do.

Because holding bitcoin is profitable in the long run and this is what those new don't understand even if we explain it to them.

[SatoPrincess]

What's dos in this context, can you explain, please?

I think OP meant $2k. But the story doesn’t make sense because how does 2k usd worth of bitcoin turn to “a fraction of naira”. Even if his friend bought bitcoin at $100k, the dip shouldn’t liquidate his holdings the way OP is exaggerating. The best thing to do at this point is to continue hodling and not sell.

[john_egbert]

What's dos in this context, can you explain, please?

I think OP meant $2k. But the story doesn’t make sense because how does 2k usd worth of bitcoin turn to “a fraction of naira”. Even if his friend bought bitcoin at $100k, the dip shouldn’t liquidate his holdings the way OP is exaggerating. The best thing to do at this point is to continue hodling and not sell.

Only if his leverage is that big, but if that's the case, it's because the buyer in question didn't think about risks that much.

[asriloni]

BTC is pretty much the same like forex only if you're leveraging your Bitcoin. If you're not, you're fine.

As for your friend's case, i'm sorry if he turns his 2k to the pennies. He would be fine if he's not leveraging his Bitcoin.

Beside that you can always expect for profit, but there is a time when you must accept the lost and cutloss your investment. That's the basic logic when you're trading. Losing few is much better than losing all due to the volatility.

[Sticky Bomb]

Unfortunately his 2k dos is now fraction of Naira

This is not true, let's say he bought when Bitcoin was $126k and held until now that Bitcoin did at $86k, it's only 32%  price correction, and the$2k with if Bitcoin would be worth $1360 which is still equivalent to approximately #2 million. Get your facts right before coming here because we would always verify your claims.

though am still encouraging him to leave it that it rise after January possibly.

There's no guarantee that Bitcoin would rise as you're speculating, so be sure to give no assurances. Allow him to do as he wishes with his coin so that he'll not hold you responsible if things don't go as you speculated.

[Marvelockg]

The question is do we always expect profits even when we know we have lost beyond our expectations.

When bitcoin price goes down, there are literally two things you are left with. either get frustrated and sell at loss or wait much longer for a recovery before eventually selling it. As the market goes down, we are all bothered equally but in the midst of the worry, you have to face the reality that your worries does not equal to an increase in the price of bitcoin. if you sell because of the current DIP, you loose but if you hold more longer, you can be sure of an high chance of recovery.

[HONDACD125]

Most at times we predict market possibilities and trade according to our calculations but I think don't anybody have the complete knowledge of BTC just like forex, Jess forex nearly end my life though I scale through...BTC has be deepening for sometime now, I told someone to holdon before he buys the deep but he existed that he knows much about BTC. Unfortunately his 2k dos is now fraction of Naira though am still encouraging him to leave it that it rise after January possibly.
The question is do we always expect profits even when we know we have lost beyond our expectations.

To answer your question, you asked at the end of your post, before talking about things, yes, we should always expect profits even if we have lost value for our investment, because we are invested in Bitcoin, and Bitcoin has a proven track record of recovering its price after every cycle, and marking a new all-time high, and this has been happening since the time it was created. Now, if your friend had bought Bitcoin during the dip but it dipped more and he is now at a loss, he shouldn't worry about that, because it's only temporary, even if it takes a year, he won't lose anything as long as he keeps holding and doesn't panic sell.

That being said, I don't believe that any financial market will end your life or ruin it as long as you do things properly. If you only have some money and no knowledge, and you decide to venture into a financial market hoping that you are going to make a fortune, you won't, because you don't have the right mindset, because the right mindset would tell you to first gain knowledge, and always understand that there are risks tied to any sort of trading, so you should make sure you are not overdoing things or taking it for granted.

[PostQuantumBTC]

When bitcoin price goes down, there are literally two things you are left with. either get frustrated and sell at loss or wait much longer for a recovery before eventually selling it.

There are another option than the ones that you mentioned, some people like Micheal Saylor continue to buy bitcoin as the price is falling which is another option.

[hero_the_bossman]

When bitcoin price goes down, there are literally two things you are left with. either get frustrated and sell at loss or wait much longer for a recovery before eventually selling it.

There are another option than the ones that you mentioned, some people like Micheal Saylor continue to buy bitcoin as the price is falling which is another option.

What does Saylor have to do in our context?

[palle11]

The question is do we always expect profits even when we know we have lost beyond our expectations.

You can say that for bitcoin but not altcoins. Yes there is every possiblity that bitcoin will rise again after deeping. Historical judgement of how bitcoin has been since creation is enough for your answer. The price of bitcoin gets deep after bull run in form of corrections and it has always gone above last ATH. So there is no need to fear when you are hodling bitcoin at any time. If you have extra fund while your coin has deep, no need for panic because the bull run will return as it is the best time to invest more so that you can regain even the losses. This is called DCA.

Although bitcoin has been deeping since two days ago but it did a rebounce from trading around $81,000 back to $90,000 within same two days. The advise is to hodl bitcoin and not altcoins.

[death69]

Someone gambles with Bitcoin as if it was like a lottery ticket and then gets upset when outcome's cruelty The market responses to patience, lack of liquidity, economics for miners, schedules of supply, and the psychological inertia of the crowd swinging between the fear of and desperation for When someone says: "I know BTC", that's usually the first signal they don't! You don't "know" an asset built on an open global network. You participate in it.

The friend that rushed in when price was dropping, was buying a story in his head. When the narrative breaks, the position gets broken along with it. You're not wrong for you telling him to hold. Bitcoin has a twelve years of block by block resiliency, predictable supply, global finality for settlement, and the similar scarcity of money that governments still pretend to understand. These fundamentals don't shake because one entrance point was bad.

Many still expect, ironically, Bitcoin to behave like a slot machine because they don't want to treat Bitcoin as a long arc of monetary transition. They want gains without knowing what time preference is. They want returns without an understanding of custody. They want certainty in a system which only rewards discipline. Losses seem unbearable because they point to the difference between appetite and comprehension.

Holding through a poor entry isn't a stupid thing to do. Refusing to up level your thinking is. Encouraging him is fine, but he needs to see Bitcoin, not as a tool to quickly recover, but as a monetary base-layer which goes up slowly and violently, then steadily again.

[Alphakilo]

One of the reasons why we become experts in Bitcoin investments is when we know there is a dip and we still buy with hopes of the price to rise and we would be in profit.  Speculation is a major component that can drive the margin on any investment in Bitcoin to a high profit and it can happen overnight, no need to wait till January sometimes.

Michael Saylor as mentioned by someone here is a great example of a Bitcoin investor that has still been bold despite the current dip in price, to acquire more BTC, even though he had to move some funds from one wallet to another, but he meant to hold BTC for long term profit and that's what he is doing.

[Patikno]

Most at times we predict market possibilities and trade according to our calculations but I think don't anybody have the complete knowledge of BTC just like forex, Jess forex nearly end my life though I scale through...BTC has be deepening for sometime now, I told someone to holdon before he buys the deep but he existed that he knows much about BTC. Unfortunately his 2k dos is now fraction of Naira though am still encouraging him to leave it that it rise after January possibly.

I think the OP needs to provide more details about the case so we can discuss it more clearly, so there's no misunderstanding, and it can be an important lesson for those reading it.

Perhaps the OP is referring to someone who experienced losses due to leveraged trading, or what we call futures trading. So, I think someone could experience losses, or even lose all their capital, from risky futures trading. Therefore, everyone should understand what they are doing, and be aware of the potential risks, so they don't make rash decisions, or can tolerate the losses.

I am a little confused: if your friend is trading futures, is he still holding positions? Or are you suggesting he move away from futures trading?

The question is do we always expect profits even when we know we have lost beyond our expectations.

Expectations must be aligned with reality, if expectations are accompanied by high expectations (high risk), significant losses are likely. Fundamentally, Bitcoin is not a quick way to generate profits, so avoid speculating on it using futures trading. It is should be better to hold it intact (non-custodial), and hold it for the long term.

[suzanne5223]

Most at times we predict market possibilities and trade according to our calculations but I think don't anybody have the complete knowledge of BTC just like forex, Jess forex nearly end my life though I scale through...

Having complete knowledge about BTC is different from having complete knowledge about BTC price moving in the trading space which I believe is what you're talking about based on what you used as an example.
You said it yourself that your experience with forex trading nearly end you which is something that applies to trading all financial market due to high volatility of the market, and no matter the huge knowledge you have you'll still make losses trading BTC. However, you can still be profitable if you use good leverage, and portfolio management which will allow you to still be in profit even you make 7 lost out of 10 trades.

BTC has be deepening for sometime now, I told someone to holdon before he buys the deep but he existed that he knows much about BTC. Unfortunately his 2k dos is now fraction of Naira though am still encouraging him to leave it that it rise after January possibly.
The question is do we always expect profits even when we know we have lost beyond our expectations.

The best thing the person can do is hold the BTC if s/he hasn't panicked sold but I will advise not to wait for the market pump next year because there's huge probability of market correction, and blood bath next year which always happens after BTC halving market.