Post
Topic
Board Speculation
Re: Know your time to HOLD
by
Falconer
on 06/06/2023, 20:23:15 UTC
You will never loss if you don't sell at loss, everytime there is a topic like this here in the forum i will always said that patience is very important in crypto and we always have a bear and bull market there is no stable status we will see different price and different scenarios together with the good and bad updates,sometimes our loss is from the lack of patience so have patience mate and continue buying we are in bear so it is an opportunity.
You have seen evidence of it in the last 2 days where bitcoin fell 6% and then recovered within a day after. Not selling at a loss means they only hold, it's not called a loss as long as they still hold bitcoin. Financially they have lost the value of those bitcoins as their conversion to fiat has fallen, but if they are patient and don't panic then the price recovery will allow them to get a better conversion rate.

It didn't take long, today the bitcoin price has returned above $27k which may test resistance above it in a few moments. If this $27k can be held, then the $38k resistance will be broken soon.