Post
Topic
Board Beginners & Help
Re: Unstable prices of cryptocurrency
by
Kelvinid
on 18/12/2023, 11:22:10 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?
Don't get confused about this OP, the amount of Bitcoin will remain the same but the value (in dollars) is the only thing it changed. If you never touch or sell them, you will never incur losses and that is why we don't just know how to buy but also we must know how to hold and are able to understand the volatility of the market. That is why stop thinking that earning a profit is instant and that what you have experienced now will tell you that you are wrong. If I were you, don't bother to check your wallet every day, let the price grow, and wait for 1 year then you can see profit that time.