Post
Topic
Board Beginners & Help
Re: Unstable prices of cryptocurrency
by
GeorgeJohn
on 17/12/2023, 22:33:34 UTC
As a beginner, I bought Bitcoins few days ago when the price was $43,943 with the hope that since the price has been increasing rapidly, that it will continue to increase but now that the price is dipping I now found out that the Bitcoins in my wallet is also going down.

So my question is that can't it be possible for someone to buy bitcoins and hodl it at a specific price such that even if the price dips it won't affect the Bitcoins you have hodl in your wallet?
You should panic whenever the price of bitcoin is dropping after you purchased bitcoin, I will like advice you as a beginner not to panic over the price been depreciate immediately you purchase, what I want to ask you is that what do have in mind to buy bitcoin, because if you bought for long-term investment you will not be curious to know when the price is dropping and that is what is putting fear in you, secondly a short investment is what will make someone to be over curious investment, but just relax bitcoin may probably increase above 41 42 and 43k