ATH is never a guage of the sustained value bitcoin should be at..today
ATH is a spike bubble of overhype. never a number to gauge as a stable value today
never ever assume that bitcoins value should remain at a ATH. always assume the ATH is a temporary blip that corrects down.
the actual sustained value is about ~$30k plus. anything above that is the speculative volatile up and down of human emotion.
yes in the future as the bottomline value increases it can increase beyond a previous ATH from years prior.
but when a new ATH happens now dont take this recent ATH as "sustained value" now
so treat the ATH as a guide to the future. and if you see prices today lower then ATH then you know buying now is going to get you profit in the future
Topic: A quick reminder from Eric Adams, mayor of the City of New York. - page 3. (Read 330 times)
January 07, 2022, 07:09:59 AM
January 07, 2022, 06:34:41 AM
I couldn't care less about the opinions of the New York City major in regards to Bitcoin.
His opinion may be relevant to people living in that city or the US, but I agree that for the rest of us it means absolutely nothing - because even though I follow the situation in the US, I wouldn’t know who the mayor of NY is if someone asked me.
But we know others are probably troubled when Bitcoin is losing almost 40% from its ATH price. The fear level has risen. As a matter of fact, extreme fear is being recorded for the last couple of days.[1]
Rare are those who are not upset with the development of events, and this includes those experienced who have already experienced similar things. Expectations were too high, people were investing in hopes of $100k by the end of the year, and now the question is where the price will stop. Those who can wait and will not sell in the long run will probably not lose anything, but a lot of weak hands have already lost money and will continue to do so in the coming days. Another big reminder for all those who live in the belief that it is easy to get rich overnight, Bitcoin is always preparing surprises - they are just not always good.
January 07, 2022, 04:20:57 AM
Others tend to make it complicated tbh. Well, we need mainstream for this sometimes but a true believer will not be worried even if a known Mayor was having his thoughts of hope or not. Whatever goes down may come back up, there's nothing permanent. This isn't the rok bottom of Bitcoin, we've already send far worse and to get to the top we really need corrections.
January 07, 2022, 03:03:41 AM
Times like this when assets are down across the board, it obviously shows who the over-invested ones are. Always have cash ready(or at least a steady source of income), and avoid using leverage as much as possible unless you really know what you're doing.
January 07, 2022, 02:38:32 AM
I couldn't care less about the opinions of the New York City major in regards to Bitcoin.
The winter season(January-February) isn't the best time for Bitcoin,the 2021 winter was the only exception.
The Bitcoin price dropping makes me sad,but I can't do anything about it.They only thing we can do right now is the HODL and waiting for another bullish market in the next months,or maybe in 2023.
There are no bullish new,which can pump the price.The FUD will keep growing.
Perhaps the situation will change during the spring,when the world will overcome another wave of the pandemic.
The winter season(January-February) isn't the best time for Bitcoin,the 2021 winter was the only exception.
The Bitcoin price dropping makes me sad,but I can't do anything about it.They only thing we can do right now is the HODL and waiting for another bullish market in the next months,or maybe in 2023.
There are no bullish new,which can pump the price.The FUD will keep growing.
Perhaps the situation will change during the spring,when the world will overcome another wave of the pandemic.
January 07, 2022, 02:27:51 AM
Yes, I think all of us who invest in Bitcoin for the long term are clear about that. If the price goes down, we have a better opportunity to buy, what happens is that we like it to go up to see that the value of what we already have invested goes up.
Although some people are very pessimistic when prices go down, in this case it is added that the price predictions for 2021 failed and the price is well below what many expected, which adds more pessimism to the usual pessimism.
Although some people are very pessimistic when prices go down, in this case it is added that the price predictions for 2021 failed and the price is well below what many expected, which adds more pessimism to the usual pessimism.
January 06, 2022, 11:52:28 PM
Indeed, anybody who is into Bitcoin or cryptocurrency for that matter already fully gets it that in BTC there is always that cycle happening over and over again and since there is some element of predictability on it that itself can be a good opportunity to get into. So get in while the price is so slow and then just wait because just as the sun can be rising tomorrow definitely Bitcoin's price is going to be back on track. In fact, am sure that institutional buyers are now on standby and just determining the right timing to buy more. So let's allow the dip to take Bitcoin to where it wants to...because soon a new bright day can be coming.
January 06, 2022, 11:40:17 PM
Oh yeah, the bargain sale has come like a Christmas gift for all of us. I’m not surprised at all with the prices going down. Pick up the history chapter from any year and you will see that at the beginning of any year the crypto would be bathing in red and making its way to ATL (All to Low) of that year or marginal space.
This is an immensely great opportunity for all of us to bag more coins.
I salute to the Mayor that he is sticking to his words and also motivating all of us that he is still positive no matter how much the price has dropped for the bitcoin.
This is an immensely great opportunity for all of us to bag more coins.
I salute to the Mayor that he is sticking to his words and also motivating all of us that he is still positive no matter how much the price has dropped for the bitcoin.
January 06, 2022, 11:37:35 PM
Is he going to be hoping the price stays low for the next two months then too 
.
It doesn't seem too long since we were at $29k levels and there was a lot of bearish panic then.
.It doesn't seem too long since we were at $29k levels and there was a lot of bearish panic then.
That was also the remark made by Andrew, that perhaps the mayor must be hoping for the price to come down. Well, if I were him, I would hope so. As a matter of fact, I do hope it will come down a little bit more. I'm also paid in Bitcoin, you know.
A bearish panic will always be normal every time the price goes down. But in the bigger picture, we're happy that we are feeling bearish and fearful at $43,000. We used to be having the same feeling at $3,000 and then at $6,000, $9,000, $12,000, and so on. In the near future, we will be feeling bearish and fearful at $96,000, $130,000, $210,000, and so forth.
January 06, 2022, 11:19:38 PM
By the looks of it, he hesitates to say Yes. But it's good to know he has yet not received his first check or he'd lose some money already. In the past 12 years, history kept repeating itself. The downtrend is always going to be temporary.
Is he going to be hoping the price stays low for the next two months then too .
It doesn't seem too long since we were at $29k levels and there was a lot of bearish panic then.
.It doesn't seem too long since we were at $29k levels and there was a lot of bearish panic then.
It'd be tragic to see more panic when that happens. But I'm sure there will be a lot of traders here happy to buy at a low price including the mayor.
January 06, 2022, 10:54:28 PM
Is he going to be hoping the price stays low for the next two months then too .
It doesn't seem too long since we were at $29k levels and there was a lot of bearish panic then.
.It doesn't seem too long since we were at $29k levels and there was a lot of bearish panic then.
January 06, 2022, 10:22:11 PM
Hey folks, Bitcoin is coming down, hitting a certain price never before seen in probably 90 days. I know that's not really bothersome. We've been in countless similar situations in the past. But we know others are probably troubled when Bitcoin is losing almost 40% from its ATH price. The fear level has risen. As a matter of fact, extreme fear is being recorded for the last couple of days.[1]
Perhaps a reminder from the mayor of New York City could help ease the fear. Take note that this is the man who promised to take his first 3 paychecks in Bitcoin as mayor. When asked if he had received his paycheck in Bitcoin already, and was told that the price of Bitcoin has come down, he simply laughed it off saying, "Well, you know what, sometimes the best time to buy is when things come down so when you go back up you've made a good profit..."[2]
So, there you go, as simple as that; these are buying days, folks! Let's all enjoy the bargain sale!
[1] https://alternative.me/crypto/fear-and-greed-index/
[2] https://twitter.com/SquawkCNBC/status/1479069915281870853
Perhaps a reminder from the mayor of New York City could help ease the fear. Take note that this is the man who promised to take his first 3 paychecks in Bitcoin as mayor. When asked if he had received his paycheck in Bitcoin already, and was told that the price of Bitcoin has come down, he simply laughed it off saying, "Well, you know what, sometimes the best time to buy is when things come down so when you go back up you've made a good profit..."[2]
So, there you go, as simple as that; these are buying days, folks! Let's all enjoy the bargain sale!
[1] https://alternative.me/crypto/fear-and-greed-index/
[2] https://twitter.com/SquawkCNBC/status/1479069915281870853
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