Quote from: Franctoshi on Today at 04:17:49 PM

Quote from: Cryptoprincess101 on December 11, 2023, 11:38:48 PM

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?

The value of your Bitcoin will only decrease against the US dollars while the amount or number of Bitcoin you have will remain the same.
Since Bitcoin is still priced against the US dollars, this will continue. Don't get too worried or bothered about the fluctuations you see in the price, for this is how the market works. Therefore, stomach the noise and focus on your target, whether it's 1 year, two years or above you won't have the price of Bitcoin still be sitting at the price you purchase today, especially now that we have a bull market ahead.

We should not expect the price of Bitcoin to be stable looking at the nature of the market. The price of Bitcoin eventually becomes stable, it would affect the market entirely and people would not be able to trade in the market the way they ought to trade. There are many things that constitutes the market if only we know what truly moves the market. Bitcoin need to be unstable so that people will be able to trade it. If we don't trade Bitcoin, the price would not be able to go bullish like we ought to. Since we have stable coins that are stable, then we can trade it against Bitcoin coin for us to make profits from the market.