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legendary
Activity: 2422
Merit: 2228
Signature space for rent
September 23, 2022, 01:48:34 PM
#23
This is simple math that most Bitcoin users don't understand and become panic. Once they become panicked they decide to sell and come out from tension. But the reality is they regret it again once Bitcoin starts to recover. Then they will raise the question "is that the right time to buy?". I have seen a lot of similar question once Bitcoin start recovering and move forward with a bull run. But sadly no one thinks to accumulate at cheap price. Anything could happen in cryptocurrency. Who knows we might not see this price range once again?
hero member
Activity: 1722
Merit: 895
September 23, 2022, 12:52:59 PM
#22
Just another reminder that the bitcoin market is cyclical, and everything that we are seeing with bitcoin now has already happened before and the necessary lessons should be learned from this:
We can see the cycle of bitcoin's journey from several years of its journey until now, it's not so strange the picture you show to people who have known bitcoin for a long time and of course for beginners this is more suitable and must be integrated.
Even in real life the cycle is something that cannot be ignored or separated, it is directly related to the process of its journey.

"That's why bitcoin is more rational compared to others".

Now the market is dominated by bears, but sooner or later it will end and recovery and growth will begin:
That's how bitcoin works in generating the next ATH achievement, bitcoin's growth is far more advanced when compared to any investment model, even though the presence of technology and science is the driving force for bitcoin to grow.
Uniquely, bitcoin does not need testing, does not need to be used by many people and does not have to involve big people in its ownership, in order to push bitcoin to be more valuable and advanced.

Bitcoin runs itself according to progress, needs and can adapt to the complexity of people who want to get out of the chaos zone of financial freedom.
Speculative is another part that can be found in all forms of investment.

The low price of bitcoin is not a reason for panic and concern. This is the rare opportunity to buy cheap bitcoins. If you miss this moment now, then next time it may not be presented very soon.
This is actually very different when viewed by beginners or the more extreme dislike of bitcoin, because their understanding still considers bitcoin speculative and the same as gambling.
But don't worry, people who are experienced and very familiar with bitcoin must already know this problem very well.

Quote
A correction is a time to buy, not to sell. Don't worry - just HODL (or buy more). Smiley
The last sentence is the best way to remove the fear, worry and panic from every cycle generated by bitcoin, in quotes "beginner"
hero member
Activity: 812
Merit: 560
September 23, 2022, 11:13:33 AM
#21
The image explain very well that holding for all the years definitely pays off but it's not at all easy and you have to go through lot of dips and FUD situations

Inso much believe that everything that has a good side must be demanding enough with lots of story to tell, holding may not be easy because it comes in with some demands ad well but if overcomed, it's really worth going for on bitcoin.

But believing in btc that it will regain its position in the market is best for beginners and those who think it's dead whenever the prices fluctuates a little bit

Yes, it has been saif on several occasions that this has been a setback for newbies to find it more encouraging to go for bitcoin investment all because thier mindset if filled with fear of missing out but to an extent, some newbies have got the understanding of how bitcoin has been althrough the years on this paradigm shift of price volatility and many can confidently invest with bitcoin without FUD

We will see price rising with huge pumps also soon at one time in future we must be thinking that we should have invested at $20k also and those were lucky people as it's our own perspective.

This is expected to happen sooner or sometimes around 2023 before or after 2024 halving whereby a new all time high is achieved.
full member
Activity: 1834
Merit: 166
September 22, 2022, 11:59:25 PM
#20
The image explain very well that holding for all the years definitely pays off but it's not at all easy and you have to go through lot of dips and FUD situations.But believing in btc that it will regain its position in the market is best for beginners and those who think it's dead whenever the prices fluctuates a little bit.

We will see price rising with huge pumps also soon at one time in future we must be thinking that we should have invested at $20k also and those were lucky people as it's our own perspective.
hero member
Activity: 1330
Merit: 585
Leading Crypto Sports Betting & Casino Platform
September 22, 2022, 11:17:28 PM
#19
the big storm will surely pass.
maybe most of the people on this forum already know about the bitcoin cycle in the market but there are also most of the people here who still think too negatively that when the market is under bearish attack like this it is very difficult to go higher again. people think like that because they think that the current price of bitcoin is too high and it is impossible if it can go higher.
but they don't realize that bitcoin's track record from the beginning of bitcoin's release until now has always set new price records that are always higher. but some people can't think like this when only aiming for quick profits and leaving bitcoin just for other coins that can get faster profits.
even though in bearish times like this it is a really very good opportunity to buy and collect more bitcoins on hold until bitcoins reach new ATH in the future
hero member
Activity: 1904
Merit: 541
September 22, 2022, 11:11:12 PM
#18
The common mistake is when someone checked its bitcoin price in fiat value and see it decreased which could create panic and selling. That is why I like to use a kind of wallet that will not estimate the value for me.l in fiat so I can just hold it.

Better to just hold. Best time to buy, it has been bears since many months ago. Bears will become later the bulls and more people will buy. All is going to result to another bull market. Certainly.

I like people that have lost but not sell, they are not actually losses if they do not sell. They can wait and see the bull market again. All-time-high is just certain.

To be honest, friends, not everyone is worried about the falling price of bitcoin, there are still many of our communities here who are even happy with the bear market we are facing now and they even accept this positive event because the bear market in currently we are taught to save for this age instead of worrying about its low-value today.

However, I also believe and agree with what you said that as long as we do not sell any of the coins we hold here in cryptocurrency, as long as we do not sell them, we will not lose or make a loss, because the chances are still high that the fallen coins we hold in the future will rise or return more than the original price.

sr. member
Activity: 1878
Merit: 389
September 22, 2022, 11:02:39 PM
#17
Bitcoin will be back, of course.  I mean.... it's still $19,000 ffs.  That's incredible.   New "ATH's" ahead, especially if you're measuring in inflationary fiat.

The fed hasn't raised rates since 2008 - it has been 14 years since we've been in this mess of "cheap money".
This "cheap money" pumped Bitcoin to all time high during the coronavirus since investors were looking for risky assets.

Now people don't even want to hold stocks, they'd rather go for bonds, enjoy the yields instead of watching their investment crashing to pieces.

Bitcoin cannot go up if the rates keep on going up - the dollar is the best bet here.
legendary
Activity: 2450
Merit: 1076
keybase.io/fallingknife/
September 22, 2022, 10:34:17 PM
#16
Every crash, its something that "nobody could have predicted."   "This time its different".  "Nobody saw THAT coming." 

Bitcoin will be back, of course.  I mean.... it's still $19,000 ffs.  That's incredible.   New "ATH's" ahead, especially if you're measuring in inflationary fiat.
hero member
Activity: 3150
Merit: 636
DGbet.fun - Crypto Sportsbook
September 22, 2022, 01:14:20 PM
#15
Yes!

Definitely, that we're just experiencing this because of the cycle and it's not going to be that low forever. People who have been worried about this dump should look at the charts. Like they should start on 2017,2018 and onwards.

And they'll see how significant this happening right now with the market, it's all about the accumulation period and people shouldn't neglect that opportunity that's in front of them.

Those who will make a lot are made on this situation.
hero member
Activity: 1624
Merit: 791
Bitcoin To The Moon 📈📈📈
September 22, 2022, 01:00:50 PM
#14
Always reminding those who are not strong enough to face the bearish reality that the reason is not a good one, in fact we believe this opportunity to continue to hoard more Bitcoin and we should be able to see a better long term.

My friends around me always remind each other that this decline is not forever, we will face a positive trend again after the bear market is gone. Seeing the bitcoin cycle is a thing that has happened but we must be able to survive as much as we can.

The word HODL is encouraging, buying more is to see much better in the future.
hero member
Activity: 1792
Merit: 728
September 22, 2022, 12:38:36 PM
#13
OP you're right, because the bear market will not remain forever but it will change someday to allow people to feel bull market so that they will know that is not good to be picking whenever the price of Bitcoin is low in the market, than to use the period to buy and hold for future purpose. I guess, this your advise will really help many people to endure in this bear market so that they will smile when the price finally hit bull market soon.
This kind of thing is needed in a bear market situation like this. Because not everyone can endure seeing bitcoins in their wallets when the price is far from when they entered. When FUD is heard everywhere, it must be fought with what the OP said. It can help reduce the burden that has been eroded by their slightly declining mentality.
Actually fear can be fought like this, coupled with the statistics from the past that this has indeed happened.
hero member
Activity: 812
Merit: 560
September 22, 2022, 12:10:10 PM
#12
Just another reminder that the bitcoin market is cyclical, and everything that we are seeing with bitcoin now has already happened before and the necessary lessons should be learned

There have been times of rise and fall of bitcoin price but to those that are experienced enough they will understand that the volatile bitcoin price only works with it demand and supply to make the economy profitable for those coming in and those selling off,  with much understanding, an average bitcoin investors should know that holding is very important during massive fall but in it all, there's always a time to regain back every losses during all time high provided that it was bought when dip and holdl till ATH.
full member
Activity: 1414
Merit: 236
Catalog Websites
September 22, 2022, 12:06:58 PM
#11
OP you're right, because the bear market will not remain forever but it will change someday to allow people to feel bull market so that they will know that is not good to be picking whenever the price of Bitcoin is low in the market, than to use the period to buy and hold for future purpose. I guess, this your advise will really help many people to endure in this bear market so that they will smile when the price finally hit bull market soon.
hero member
Activity: 1050
Merit: 592
God is great
September 22, 2022, 11:38:47 AM
#10
This what I have always tell people who regret not investing in bitcoin some years back,  they think they missed opportunity of buying Bitcoin very affordable, they feel they can't get those opportunities of that time. The price of bitcoin is just as the same opportunity with years back but people will not understand that, that the next bull that will be coming can reach to appoint where no one will expect. When that time comes some people will still cry out for missing this moment.
hero member
Activity: 2114
Merit: 603
September 22, 2022, 11:33:32 AM
#9
Yes already considered this after having couple of experiences since 2017 and above. Bitcoin is always repeating its pattern on the larger scale of graph. On minute level it’s upto our trading strategy how we invest, grow, hodl and trade it. That’s just small picture of it. Those who are long term hodlers will exactly know how bitcoin works on cyclic patterns and how much returns it could give us back. There are stories of peeps who had bought bitcoin before 2015 also and yet they have not sold a penny. Ask them the effect of going from Point A price to Point B price without even getting defocused by various ups and downs in between. Because it was simply incriminating and what they saw is their pennies turned into millions.  Tongue
legendary
Activity: 1106
Merit: 1372
September 22, 2022, 11:20:37 AM
#8
Thank you for the reminder of the market and advise giving to bitcoiners. It is a good idea to hodle bitcoin in the bear market and also buying bitcoin in the bear market is very good but how many people can do that without fear. As it is now many people are even afraid of the bear market because it is overdue. When the bearish became unbearable people would start to withdraw their funds to USD to and watch the price from there. And when the price gradually goes up they would buy BTC again.
legendary
Activity: 2002
Merit: 2534
The Alliance Of Bitcointalk Translators - ENG>SPA
September 22, 2022, 11:00:22 AM
#7
In situations like this, words of encouragement are appreciated. It is really hard to hold when you invested the money you need, but nobody said that it is easy either when you didn't.

Class of 2017 here, and each time accumulation phase lengthens more than expected, with lower and lower prices, one can't help but think that it may be the last time it recovers. At least, we have experienced much worse situations (2018 and early 2020) so we know how it feels.

hero member
Activity: 1498
Merit: 785
September 22, 2022, 10:57:54 AM
#6
I believe that Bitcoin is a cycle where we will repeat history back in 2025 (that's just my guess) we have to be sure about Bitcoin in the future and learn more we see in all aspects, therefore believe me when bears come we don't don't be nervous for fear of the deepest decline but I believe as you said dumps are always followed by a pump, now that's a principle by which we can judge that we shouldn't panic when a bear market is still in the market we should get more bitcoins to something long term.

What am I doing:
Doing DCA because to me it's good enough strategy to keep hoarding Bitcoins.
Buying Dips, when I am sure I have to spend a lot of money at the lowest price, this is where I have analyzed with buying Dips.

Taking care of my worries:
Not going to panic and try something positive.
Don't get greedy and I'll definitely do the analysis.
Don't eat FUD, or anything else that makes me change, because I want to be consistent in my initial concept with Bitcoin.

Investing from the beginning is better, but now it's not too late but we can do it in the next 3-5 years.

legendary
Activity: 1652
Merit: 1208
Gamble responsibly
September 22, 2022, 10:40:50 AM
#5
The common mistake is when someone checked its bitcoin price in fiat value and see it decreased which could create panic and selling. That is why I like to use a kind of wallet that will not estimate the value for me.l in fiat so I can just hold it.

Better to just hold. Best time to buy, it has been bears since many months ago. Bears will become later the bulls and more people will buy. All is going to result to another bull market. Certainly.

I like people that have lost but not sell, they are not actually losses if they do not sell. They can wait and see the bull market again. All-time-high is just certain.
newbie
Activity: 5
Merit: 1
September 22, 2022, 10:30:59 AM
#4
Fear and Greed has always been a problem for every trader. especially beginners. Even though we know the bitcoin cycle is up and down, there is a bear market and a bull market. but Fear and greed remains difficult to control for some traders who do not have much experience.
for those who have been through and running on bitcoin since 2014 until now then maybe they can stay calm facing the current market situation. but I personally as a beginner still not used to it. my friend advised me that "buy when red and sell when green". or can be interpreted "buy when the correction and sell when the price rises". but the reality is sometimes the result is the opposite. due to the psychology of beginners who are different from those of experienced ones.
but indeed it is also part of the cycle. BTC has market cycles, traders also have experience cycles.
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