Topic: $28,000 Bitcoin price. How explain falling price to worried newbies ? (Read 376 times)
I must've forgot. It's locked.
May 24, 2022, 02:34:00 AM
Newbies should understand and learn the market first before entering , this means we do not need explanation to them if they are doing their Homework from the start.
Newbies will only experience losses if they are greedy and not paying attention to the market movement .
and 28k? this is still high as we can expect in this second year from the bull market.
best to lock it now mate , and besides the thread is now spammed and need no continuity to discuss .
Newbies will only experience losses if they are greedy and not paying attention to the market movement .
and 28k? this is still high as we can expect in this second year from the bull market.
Thanks everyone. I'm locking this thread it isn't needed now 
best to lock it now mate , and besides the thread is now spammed and need no continuity to discuss .
May 23, 2022, 06:54:31 PM
Thanks everyone. I'm locking this thread it isn't needed now
May 21, 2022, 09:56:39 PM
Bitcoin fell to $28,000. It's price changes in short spaces it's bad for investors.
A friend asked if cryptocurrencies are safe. I explained it's safe up to his limit if he's willing to lose what he's invested. I said I'm happy with my investment but I can't explain what main causes help big drop in value.
He said if he'd invested $5000 on Dec 12 to buy BTC0.1 it's value would be $2,800 today. He said if he'd traded Forex he'd make better profit. What's behind cryptocurrency prices falling fast.
Is it basic economics pumps&dumps and buy&sell? He asked why don't USD, CAD, EUR, GBP, JPY drop values in fast ways like cryptocurrencies do. What's the easiest way I tell newbies the difference why fiat and cryptocurrencies price falls?
I've sent him this Gemini website so I hope he's going to understand. How will you tell newbies cryptocurrencies are safe investments when they're paying in fiat. They're always looking at the investment plus or minus using fiat. I've tried to explain to him but I can't.
Personally I would not bother explaining your friend anything about it and the reason is quite simple, he is only interested in the short term variations in the price, he is not seeing the big picture and when that is the case those people are only interested in the market that is the hottest at the moment, and without a doubt the bitcoin market does not fulfills that condition, so let him invest in whatever he wants as you will never change the opinion of someone like him. A friend asked if cryptocurrencies are safe. I explained it's safe up to his limit if he's willing to lose what he's invested. I said I'm happy with my investment but I can't explain what main causes help big drop in value.
He said if he'd invested $5000 on Dec 12 to buy BTC0.1 it's value would be $2,800 today. He said if he'd traded Forex he'd make better profit. What's behind cryptocurrency prices falling fast.
Is it basic economics pumps&dumps and buy&sell? He asked why don't USD, CAD, EUR, GBP, JPY drop values in fast ways like cryptocurrencies do. What's the easiest way I tell newbies the difference why fiat and cryptocurrencies price falls?
I've sent him this Gemini website so I hope he's going to understand. How will you tell newbies cryptocurrencies are safe investments when they're paying in fiat. They're always looking at the investment plus or minus using fiat. I've tried to explain to him but I can't.
May 21, 2022, 06:33:49 PM
I don't think there is anything we can do unless they ask what we should do about the current market, all investments are risky as a newcomer of course he is not an idiot, and has been looking for plus and minus information about the investments he will make in the world both crypto and forex do not promise guaranteed profits.
and we can not presume words ...
when everything is wrong by comparing one investment to another. a manly man knows for sure with an attitude and a decision without regrets
and we can not presume words ...
when everything is wrong by comparing one investment to another. a manly man knows for sure with an attitude and a decision without regretsOf course, we don't have control of the market's movement and as much as we want to see the price going up (same with newbies), it will not be the case.
As for beginners, then welcome to crypto world, unstable market, with a lot of going up and down and no one knows for sure when is the next movement. I guess if you see profits already, then take it, specially in a bearish one. And again, we have say this many times already, have patience, that is the key to survive in a bear market.
May 21, 2022, 05:57:55 PM
I don't think there is anything we can do unless they ask what we should do about the current market, all investments are risky as a newcomer of course he is not an idiot, and has been looking for plus and minus information about the investments he will make in the world both crypto and forex do not promise guaranteed profits.
and we can not presume words ... when everything is wrong by comparing one investment to another. a manly man knows for sure with an attitude and a decision without regrets
One should understand that it's all part of the market/investment to see a pump or dump and it's normal. No one should stressed themselves just because their investment turn red all of a sudden. The same applies when the market is in bull run too, you take profit when bull run and you buy when the market is in red/dip that's how the market should someone perceive and not the other way around. The market won't always be pumping forever because it will surely gonna lose its value over time. and we can not presume words ...
when everything is wrong by comparing one investment to another. a manly man knows for sure with an attitude and a decision without regrets
May 21, 2022, 04:56:53 PM
I don't think there is anything we can do unless they ask what we should do about the current market, all investments are risky as a newcomer of course he is not an idiot, and has been looking for plus and minus information about the investments he will make in the world both crypto and forex do not promise guaranteed profits.
and we can not presume words ... when everything is wrong by comparing one investment to another. a manly man knows for sure with an attitude and a decision without regrets
and we can not presume words ...
when everything is wrong by comparing one investment to another. a manly man knows for sure with an attitude and a decision without regrets May 21, 2022, 04:38:15 PM
Cryptocurrencies were never "safe". Outside of bitcoin, pretty much every single cryptocurrency outside stablecoins are very very experimental.
But to answer the currency question: most currencies are widely widely adopted and have been traded for multiple decades. Bitcoin is like more than a decade old, and most people don't even know what it does and why it's important.
As to your friend: if he thinks he can profit off of forex far easier, then why even force him to this industry? You don't necessarily need bitcoin or crypto to get rich.
I think not only cryptocurrencies but in most types of investments, they were never safe actually. Though we can still expect profits, but we don't know how long it lasts or it may just fall into a sudden bankruptcy. And bitcoin is not an exception. And its not even a guaranteed investment to make us rich, so if he finds forex more profitable than crypto, then stick to it. Bitcoin is just another option for those who become hopeless to make profits. But to answer the currency question: most currencies are widely widely adopted and have been traded for multiple decades. Bitcoin is like more than a decade old, and most people don't even know what it does and why it's important.
As to your friend: if he thinks he can profit off of forex far easier, then why even force him to this industry? You don't necessarily need bitcoin or crypto to get rich.
May 21, 2022, 05:29:44 AM
Tell your friend, wherever he's effective to trade, he should just stay there. But it's okay to remain with his curiosity about the crypto market because that shall give him the idea of how volatile it is just like forex.
Honestly, when someone asks you about how sure they are with their money and if it's going to profit as they invest in bitcoin. You tell them that in every investment there's a risk. Because if you guarantee them that they'll earn, you'll be the one that will be chased by them if a total bear comes in.
Honestly, when someone asks you about how sure they are with their money and if it's going to profit as they invest in bitcoin. You tell them that in every investment there's a risk. Because if you guarantee them that they'll earn, you'll be the one that will be chased by them if a total bear comes in.
May 21, 2022, 05:19:20 AM
Nothing accurate with the past data's of bitcoin and you can show it up to the newbie who's been nervous on the current market movements since for sure once they see that this is normal phenomenon on crypto or even with forex.
Although we cannot dictate what they should do because not everyone have high patience to wait for something huge coming with bitcoin and tell them that those people who have patience to wait for bitcoin recovery will always be rewarded.
Although we cannot dictate what they should do because not everyone have high patience to wait for something huge coming with bitcoin and tell them that those people who have patience to wait for bitcoin recovery will always be rewarded.
May 21, 2022, 05:18:06 AM
A friend asked if cryptocurrencies are safe. I explained it's safe up to his limit if he's willing to lose what he's invested.
I don’t get it why are you scaring your friend?
I mean it’s just trading not gambling I guess?
Yes I don’t know about you, but the traders I mate, they all are good in calculations and estimating prices of coins.
And regarding your friend, first tell him to have patience. Making money is not overnight game.
He invested in December and now in 5-6 months he is crying for half of it’s capital loss? Ask him to wait for one year, then he will enjoy 25% extra profit.
Crypto investments are for long runs, if you want to make money in shorter period of time, then accordingly be ready for the risk that you will get with the investment.
Yes many people think that investing in ordinary crypto makes them rich in an instant, but all of that is wrong.
Even though it is true that every investment has its own risks, but we need to think again that investment cannot change our world in an instant.
May 21, 2022, 04:09:59 AM
A friend asked if cryptocurrencies are safe. I explained it's safe up to his limit if he's willing to lose what he's invested.
I don’t get it why are you scaring your friend?
I mean it’s just trading not gambling I guess?
Yes I don’t know about you, but the traders I mate, they all are good in calculations and estimating prices of coins.
And regarding your friend, first tell him to have patience. Making money is not overnight game.
He invested in December and now in 5-6 months he is crying for half of it’s capital loss? Ask him to wait for one year, then he will enjoy 25% extra profit.
Crypto investments are for long runs, if you want to make money in shorter period of time, then accordingly be ready for the risk that you will get with the investment.
May 17, 2022, 11:09:22 AM
They're not "safe"? They're not as risky as they have been and people market them as protections against inflation which fiat currencies don't but I think it's a bad idea to call them safe.
I should've defined "safe" better I've noted what you've said thanks.Cryptocurrencies were never "safe". Outside of bitcoin, pretty much every single cryptocurrency outside stablecoins are very very experimental.
Look what's happening to Terra Luna stablecoins collapsed. Stablecoins weren't safe from day one I didn't trust them. Terra Luna investors lost everything. I wouldn't buy stablecoins there's a big risk you'd lose the investment.As to your friend: if he thinks he can profit off of forex far easier, then why even force him to this industry? You don't necessarily need bitcoin or crypto to get rich.
I wanted to introduce him to cryptocurrencies. It's usual people asking questions when they've been introduced to something new. I remember I'd ask questions when I was new. He isn't trading forex he wanted to understand different risk factors he thought Forex gives bigger returns and is safer than cryptocurrencies.Well, when it comes to crypto Investments your friend needs to understand that it is a highly risky investment especially if you don't have patience and you are investing in the wrong coins. As for me, Bitcoin might have dropped in price like your friend pointed out but it went to as low as $25k+ and now trading back up @ $29k+ so you see, some people will say otherwise because they just made some good profit today which is the whole essence of crypto trading/investment, High-risk high reward.
I've told him if gets trading in cryptocurrencies investing in wrong coins will be his biggest mistake. I'm trying to show him it doesn't have to be high-risk high reward dealing cryptocurrencies if he's holding for the long haul or choosing well before investing. 
May 16, 2022, 07:16:10 AM
No investment is safe. People assumed that Netflix or Facebook would be safe investments and look how badly they performed this year. You want safe investments then invest in treasury bonds/yields or just keep it in your savings bank account.
I got friends like that also. They wanted to give me $10K and said turn it into $100K. Like it’s easy making a 10x investment. Too many people consider Bitcoin and crypto as a get rich quick scheme and hence why they get burned.
Typical newcomers ..I got friends like that also. They wanted to give me $10K and said turn it into $100K. Like it’s easy making a 10x investment. Too many people consider Bitcoin and crypto as a get rich quick scheme and hence why they get burned.
they want something that easy to make and an investment become their first choice due how lured it is especially if you have a friend or someone around you successfully making thousands even million dollar in very short time without knowing that there is a huge risk in it , they just ignored it and here they are complaining .. bubbling about something that they should aware since the first day.
May 16, 2022, 02:19:09 AM
Bitcoin fell to $28,000. It's price changes in short spaces it's bad for investors.
it is not,because 26k is the lowest day after your post.Quote
A friend asked if cryptocurrencies are safe. I explained it's safe up to his limit if he's willing to lose what he's invested. I said I'm happy with my investment but I can't explain what main causes help big drop in value.
Quote
He said if he'd invested $5000 on Dec 12 to buy BTC0.1 it's value would be $2,800 today. He said if he'd traded Forex he'd make better profit. What's behind cryptocurrency prices falling fast.
he can say that because he does not understand how bitcoin stands for the last 12 years , so change his mindset and explain to him how it follows after the dumping . May 15, 2022, 11:09:25 AM
No investment is safe. People assumed that Netflix or Facebook would be safe investments and look how badly they performed this year. You want safe investments then invest in treasury bonds/yields or just keep it in your savings bank account.
I got friends like that also. They wanted to give me $10K and said turn it into $100K. Like it’s easy making a 10x investment. Too many people consider Bitcoin and crypto as a get rich quick scheme and hence why they get burned.
When someone does really have that kind of impression then having real experience or true engagement will really be opening their eyes on how reality works into this market and once they would I got friends like that also. They wanted to give me $10K and said turn it into $100K. Like it’s easy making a 10x investment. Too many people consider Bitcoin and crypto as a get rich quick scheme and hence why they get burned.
really able to know that then this is where impressions do really been cleared up.If you do make out some explanation out to noobs out there then its up to them whether they would really be believing
into it or not but most of the time they would really be going on their own actions on what they do really have in mind but once they been fucked up then thats the time they do learnt up things.
May 14, 2022, 09:59:46 PM
No investment is safe. People assumed that Netflix or Facebook would be safe investments and look how badly they performed this year. You want safe investments then invest in treasury bonds/yields or just keep it in your savings bank account.
I got friends like that also. They wanted to give me $10K and said turn it into $100K. Like it’s easy making a 10x investment. Too many people consider Bitcoin and crypto as a get rich quick scheme and hence why they get burned.
I got friends like that also. They wanted to give me $10K and said turn it into $100K. Like it’s easy making a 10x investment. Too many people consider Bitcoin and crypto as a get rich quick scheme and hence why they get burned.
May 14, 2022, 06:34:41 PM
Bitcoin fell to $28,000. It's price changes in short spaces it's bad for investors.
A friend asked if cryptocurrencies are safe. I explained it's safe up to his limit if he's willing to lose what he's invested. I said I'm happy with my investment but I can't explain what main causes help big drop in value.
He said if he'd invested $5000 on Dec 12 to buy BTC0.1 it's value would be $2,800 today. He said if he'd traded Forex he'd make better profit. What's behind cryptocurrency prices falling fast.
Is it basic economics pumps&dumps and buy&sell? He asked why don't USD, CAD, EUR, GBP, JPY drop values in fast ways like cryptocurrencies do. What's the easiest way I tell newbies the difference why fiat and cryptocurrencies price falls?
To be honest, it's not easy to explain the problem of falling prices on bitcoin that is happening like it is now for newbies. they only see a decline in the value of the asset they bought without thinking about the history of bitcoin price and also its future potential. i hope you find the best way to explain it to your friends.A friend asked if cryptocurrencies are safe. I explained it's safe up to his limit if he's willing to lose what he's invested. I said I'm happy with my investment but I can't explain what main causes help big drop in value.
He said if he'd invested $5000 on Dec 12 to buy BTC0.1 it's value would be $2,800 today. He said if he'd traded Forex he'd make better profit. What's behind cryptocurrency prices falling fast.
Is it basic economics pumps&dumps and buy&sell? He asked why don't USD, CAD, EUR, GBP, JPY drop values in fast ways like cryptocurrencies do. What's the easiest way I tell newbies the difference why fiat and cryptocurrencies price falls?
I can say, that's a challenge. That's a hard job to explain things that you don't even know where to start with. But on another note, just tell him that it is because crypto has still high volatility and the up and down movement is owed to various factors. No one can pinpoint the major reason/s why btc is going down. They will understand later on that this market takes time to understand because you can't learn things overnight especially just by asking the opinion from a friend.
May 14, 2022, 06:29:24 PM
Looking at the bitcoin charts on the yearly time frame, you can easily see that the 30k area is a very important region ,and for anybody that trades using the SMC/ICT you can clearly see that there is an equal low which means buyside liquidity which translates into markets coming to sweep that liquidity and a signal for bulls in disguise as it has the fuel to go up!
May 14, 2022, 06:04:24 PM
Bitcoin fell to $28,000. It's price changes in short spaces it's bad for investors.
A friend asked if cryptocurrencies are safe. I explained it's safe up to his limit if he's willing to lose what he's invested. I said I'm happy with my investment but I can't explain what main causes help big drop in value.
He said if he'd invested $5000 on Dec 12 to buy BTC0.1 it's value would be $2,800 today. He said if he'd traded Forex he'd make better profit. What's behind cryptocurrency prices falling fast.
Is it basic economics pumps&dumps and buy&sell? He asked why don't USD, CAD, EUR, GBP, JPY drop values in fast ways like cryptocurrencies do. What's the easiest way I tell newbies the difference why fiat and cryptocurrencies price falls?
To be honest, it's not easy to explain the problem of falling prices on bitcoin that is happening like it is now for newbies. they only see a decline in the value of the asset they bought without thinking about the history of bitcoin price and also its future potential. i hope you find the best way to explain it to your friends. A friend asked if cryptocurrencies are safe. I explained it's safe up to his limit if he's willing to lose what he's invested. I said I'm happy with my investment but I can't explain what main causes help big drop in value.
He said if he'd invested $5000 on Dec 12 to buy BTC0.1 it's value would be $2,800 today. He said if he'd traded Forex he'd make better profit. What's behind cryptocurrency prices falling fast.
Is it basic economics pumps&dumps and buy&sell? He asked why don't USD, CAD, EUR, GBP, JPY drop values in fast ways like cryptocurrencies do. What's the easiest way I tell newbies the difference why fiat and cryptocurrencies price falls?
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