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Topic: $28,000 Bitcoin price. How explain falling price to worried newbies ? - page 3. (Read 388 times)
May 12, 2022, 12:45:10 PM
Profit and loss is a common thing in trading in the market, but I think for them beginners of course a crisis like this will make them panic and even feel sorry for losing money, to be honest I can't imagine what novice traders feel nowadays when looking at their portfolio prices and money estimates reduced by almost 80% in the market, especially if they use hot money to trade transactions of course sadness and disappointment is a real impact .
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May 12, 2022, 12:33:47 PM
You can not. Newbies have to join the market, experience sweet and bitter with the market, gains and loses. If they are outsiders, you can not explain and help them understand everything.
Emotion you get in the market is unteachable. You only can get it by yourself so do newbies.
Newbies will think Bitcoin is rising or falling because of reasons given by news. In reality, news don't show you real reasons that are hidden by market makers. Newbies can only digest the hidden secret if they are in the market long enough.
Emotion you get in the market is unteachable. You only can get it by yourself so do newbies.
Newbies will think Bitcoin is rising or falling because of reasons given by news. In reality, news don't show you real reasons that are hidden by market makers. Newbies can only digest the hidden secret if they are in the market long enough.
May 12, 2022, 12:13:39 PM
If you are in forex and its how the market reacted as you go long, you'd be liquidated in hours. The spot market in crypto is the safest as long as you just trade BTC and not sell once the price drops this fast. You're not going to lose anything but just the value of the BTC but not a single satoshi.
How I would explain it to a worrying newbie is just to wait. It may take months to years though. But gradually its value will increase and maybe the next week he'd not lose $1000. That value may be $4300.
May 12, 2022, 12:04:06 PM
Will, Everyone Needs to understand to Be "Patience" Now Bcz This is How Panic People Get Lose Their Money 
May 12, 2022, 11:53:57 AM
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.
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. 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 12, 2022, 11:46:35 AM
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.
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 12, 2022, 11:10:13 AM
First, he needs to understand the word "Patience".
Second, he needs to accept the truth that he has entered a wrong entry point which makes him a lot of loss. But in the future, he will definitely earn a huge profit with bitcoin, as long as he chooses to stay with it.
Third, make him prove that he can turn $5000 to $10000 with Forex. If he has the capability, why didn't he choose Forex the first time? I bet that profitable investors will not frequently ask advice from others, especially Forex traders. Is USD becoming 2 USD in the future? No, It will never while bitcoin has turned from $1 in 2011 to $68,000 in 2021
Second, he needs to accept the truth that he has entered a wrong entry point which makes him a lot of loss. But in the future, he will definitely earn a huge profit with bitcoin, as long as he chooses to stay with it.
Third, make him prove that he can turn $5000 to $10000 with Forex. If he has the capability, why didn't he choose Forex the first time? I bet that profitable investors will not frequently ask advice from others, especially Forex traders. Is USD becoming 2 USD in the future? No, It will never while bitcoin has turned from $1 in 2011 to $68,000 in 2021
May 12, 2022, 10:56:57 AM
How will you tell newbies cryptocurrencies are safe investments
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.
Most safe investments have fallen recently, even some government bonds are trading at -% with only commodities out performing everything else.
If you invested $5k into most stock markets you'd have $4k now.
Forex investments are more stable because they're investments in diversified economies (essentially). Crypto has more growth potential then forex though as they also don't grow and have inflation.
May 12, 2022, 10:48:45 AM
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.
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.
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