Quote from: Oasisman on September 07, 2022, 07:16:20 AM

Quote from: mich on September 02, 2022, 05:59:45 AM

Well for me I am ready for a big loss but am still suspect that we will reach new all time historic highs at some point but you have to be patient.
My best projections point to a huge rally and price recovery for early 2023 or later on in that year. Just HODL and you will be fine.

When you're hodling Btc and the price falls, I don't consider it as a loss. As we all know, Bitcoin is most probably going to bounce back stronger every after a huge dip or a prolonged bearish run.
Btc is currently trading at $18k, this will be a good opportunity to buy more. Or if one can't afford to buy more because of fear that Bitcoin might not be able to recover, at least they should be patient and don't try to sell to cover further losses.

Even though the price of Bitcoin fell very deep, but we still hold the Bitcoin we have and don't sell it at a low price, indeed we can not be said to lose. That's why we should never doubt the future of Bitcoin, because the history of Bitcoin movement has shown that no matter how deep the Bitcoin
price goes down, it can always recover and go higher. So that's why Bitcoin is so good for long term investment, because sometimes we have to wait
long enough to see the Bitcoin price recover and the price can reach new ATH.

So don't ever think investing in Bitcoin can give us instant profits, because of the fact that we can only make a profit when holding Bitcoin long
enough. So seeing the Bitcoin price drop lower again, it's not the end of everything. I understand the estimation of our assets decreasing in value
when the Bitcoin price drops, but as long as we don't sell the Bitcoin, we don't lose anything at all. It would be better like you said we can focus
on buying more Bitcoin if the price goes down like now. So when finally the Bitcoin price recovers and goes up high, we can make a big profit
from Bitcoin. So we must learn to understand Bitcoin first before investing in Bitcoin, so at least we are not confused by the volatile movement of
Bitcoin and know what to do when the Bitcoin price falls.