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?
Wow, what a smart question. If there is anyway people can reduce the bear momentum when they are holding Bitcoin so that the fall in price will not affect them, then no body would want to sell their Bitcoin since they will be able to hold it for a longer time without depreciating even when the market falls. Things do not work like this in the market. Since we can make profits from the market, the same way we can make loses from the market too.
We need to understand many things about the liquidity of Bitcoin and what it can cause in the market. If we are not ready to take the risks any longer then we should be ready to convert our Bitcoin to stable coins to hold for as long as possible so that when the market start going bullish we can convert it back and start preparing for more profits if the market keeps going bull.