Post
Topic
Board Bitcoin Discussion
Re: Hodl is not the best option as it seems
by
radjie
on 21/06/2021, 20:52:12 UTC
Bitcoin just fell down to 39k plus per 1, and those that held/bought bitcoin while it was at 50k have no benefit of holding bitcoin at 50k per 1 instead they lost money. lets say those that will buy at 39k per 1 will have more benefits when its spikes again to 50k. So those that enjoyed holding bitcoin at 50k hoping that it will hit another ATH will have to wait for bitcoin to hit another 50k but still got no  profit, while the 39k buyers will profit 11k dollars. My question is why is they no extra profit for early holders when the price falls and rises agian?

You can never predict the crypto market with 100% accuracy, the fall of Bitcoin from ATH was immanent and majority of the people who bought at $50k thought about making short term profit. Investment in bitcoin always gives you profit, but time duration after which one can earn profit might vary. Holding is the ultimate option an investor choose.

Logically, when people who buy at a high price will certainly experience a loss if they sell it below the purchase price, it is clear that it will not provide a profit even though the market price has fallen and then rose again.  for those who buy at the price of $ 50 of course with the aim of being able to make profits in a short period of time, but market conditions have fallen deeper.  one of the options they have to do is change their mainset to make short-term trades by holding for a long time in order to get the desired profit