Nothing is fixed in the world of cryptocurrencies
We well know that change is something permanent in the world, today it's one way, tomorrow it can be another, whether we have foreseen it or not. However, I feel that there are people who may be a little confused about the prices of cryptomonies, in relation to the fact that they enter a very high peak in price and as is normal, there is usually some kind of correction, in which the price recedes and they feel immediately that they have lost their money.
Let's see, I will explain something from the following example: you bought 1 Bitcoin (btc)at 12200 dollars, recently, but today (28/08/2020) it is at 11400 dollars...How much have you lost?
Math doesn't fail: 12200-11400=800... it's a big loss, right?, 800 dollars, it means at least 3 minimum wages in Colombia, but, the reality is that this would be a thought from any person that doesn't know anything about cryptocurrencies, however, being honest, you haven't lost anything, not at least until you decide to sell.
This is an important point to consider, because seeing the BTC as a project for the future, like many other projects, when this happens that the price went down, you shouldn't be afraid, because the peace of mind of knowing that this cryptomone comes in a rising race from its origin should give you a certain degree of tranquility, doesn't you see it that way?.
For me it's like that, of course, we know that there are many nuances in this, that the process can be slow for some and that they don't see the profit in this, because there are those who still don't see the possibility of retrieving their investment, and I'm referring to those who managed to enter crypto-world at the end of 2017, when that big peak in the price of some cryptomonies occurred.
Let's go with another example to explain it better:
On December 17, 2017, the BTC reached an all-time high of $20,089.00 USD (according to coinmarketcap), then, those who saw in a few days that price rise and perhaps managed to see that others had made good money with these movements, went in to buy, but then the market collapsed, never again to date has the BTC managed to approach that historic high, well, those people may still be waiting for a good sales price to be reached above the price at which they bought, or they may have sold at a loss... personal decisions.
Is it crazy to wait so long? I'm sure many will say "yes", but, let's see, I will insist on seeing these projects in the long term, and I will insist even more on the following, even if it sounds repetitive: "don't put money into play that you can't afford to lose"...or in this case, to retain until there is a good opportunity to recover it and not lose in the attempt. As you can see, there are many nuances in this world of cryptocurrencies, and you have to be more and more prepared in this aspect, it is necessary if you want to get the most out of it. I authorize the use of this banner to everyone who wants to do it.I say goodbye, hoping it has been a good reading for you, grateful in advance for your support.
Have an excellent weekend
Hello friend @josevas217
Very good publication, you're right when you say that the fact that the price has gone down doesn't mean you lost, as long as you don't sell, I hadn't really seen it that way, I hadn't thought about it, but I think that waiting that long can also be a little stressful for some people. Thanks for sharing.
Yes, it is really lost when selling, but, the wait can be long, to see profits in some moments, and that despairs many.
Thank you for commenting.
buying a btc is like buying a house, it is an asset which you expect to sell in future years, the problem with many is that they get carried away with quick profits and this is the worst enemy of any investor.
Yes @trabajosdelsiglo
For that reason I added in my post that these are projects that should be seen in the future.
Just like a house. Thanks for commenting.