1 bitcoin is still 1 bitcoin regardless of the USD value, if youre HODLING youve lost nothing.
Who here doesnt think well see 1 bitcoin worth $50,000 by 2021?
Who here doesnt think well see 1 bitcoin worth $50,000 by 2021?
Not me.
I suppose that there are some newbies (and some non-newbies too) out there who got invested over 10k, and are currently losing money.
Losing money is very stressfull, so I was just wondering... are you cutting your losses or you will hodl your stash untill 2020 and more following an "all or nothing" strategy?
My friend. He is so stressed right now. He is new to crypto and when he saw bitcoin was ranging from 18-20k USD, he took advantage of the opportunity to buy since the speculations during that time that bitcoin might reach 50k. Now he doesnt know what to do. I advised him to hold more longer. I hope he will not blame me for advising him to do so.Losing money is very stressfull, so I was just wondering... are you cutting your losses or you will hodl your stash untill 2020 and more following an "all or nothing" strategy?
You should at least tell him the idea of fluctuation and price correction and how the markets work. As a newbie they should learn the basics first before putting a lot of money because it could be stressful if they can't handle the downfall. The market is like a roller coaster or a sling shot but the better way to imagine it is like a wave in the ocean.