Topic: Are you still buying? - page 4. (Read 698 times)

I was not able to catch your context. But i think you are convincing others to buy BTC. Well, if that's the point then you can come up with some more good ideas and strategies. Like, the upcoming Halving in April 2024 after which a new bull run will start and you were talking about Decrement in BTC price from its last ATH.

So, you should understand the fact that after every bull run, there comes a bullish run too. in which the price of BTC drops consistently. That's why the price was decreasing and it provides great chances to enter the market. Well, many accumulated BTC in that phase and wait for the next bull run so that they can make huge profits and those holders are not easy to be broken by market sentiments.

Another thing is how can you say that, the number of buyers is dropping. have you not read the stats that the adoption of BTC is increasing day by day? Many traditional people are now convinced to buy, hold, and trade BTC so that they can also make money. For example, recently, i read a post about the number of BTC holders becoming 1 Million and each holder holds at least 1 BTC. which means there is 1 million BTC in holding.

Since I am aware of the bear market and bull run periods in the bitcoin market due to its volatility, what is happening to the price of bitcoin now, approximately from two years ago now, doesn't affect me in the slightest.Since I believe we are in a bear market and it will eventually end one and be bull run turn, I never have any negative thoughts about my Bitcoin investments I know it turn by turn. Instead, I always try to find ways to increase my income so I can buy more bitcoin and store them in wallets.

In light of the me some amount of Bitcoin I currently own, if I go to sleep one night and wake up the next morning to learn that the price of Bitcoin has increased to $50,000, I will simply smile because of the little Bitcoin. Anyone who notices the surprise surge in the price of Bitcoin I refer to it as a scam doesn't understand Bitcoin or cryptocurrency in general. After all, they should know that the price of Bitcoin is erratic, and they should be able to assume that the larger the demand, the higher the price will grow.I won't ever regret not purchasing Bitcoin at the moment if its price climbs further because I've accumulated enough to cover any potential losses,regret are for those people that have the opportunity and they refuses to utilize it.

It’s 2023, and am sure lots of people still believe bitcoin is a scam, they believe bitcoin might just vanish in a day and everyone holding bitcoin will be left with nothing, most of them believe it’s a scam because they keep on saying why will you be spending a currency that you can’t see, you can only see figures.

Next bitcoin movement will really shock everyone but I don’t know if bitcoin will just pump from $26k to $50k overnight, bitcoin price movement is always gradually and we shouldn’t just expect a massive pump overnight. Most people that haven’t invested in bitcoin due to one or two reasons, they will be surprise  when the bull run start, nobody know when the bull run is coming, but we are just hoping it will be soon, it’s really going to shock most people because most people are still expecting bitcoin to dump more before investing.

The current high price of Bitcoin, you said?
The price of Bitcoin now compares to its all-time high, which among them are you to classify as something that's extremely high, up to theextent of saying that it's a red flag for Bitcoin?

This is as a result of your text being 100% AI-generated, since the AI gives you information based on their findings online. I guess it was as a result of not compelling the price of Bitcoin correctly.

I actually don't think anyone will see Bitcoin as fraud or a scam unless they have been perceiving it as a Ponzi scheme from the very beginning. If not, a true Bitcoiner will never see Bitcoin as a scam, no matter the price difference; there is always hope for a better price move.

It's 2023, I don't think anyone still thinks bitcoin is scam, most people are just not interested due to a myriad of reasons.

And yes I agree with you, from the predictions I've been seeing online, the next bull run will really shock most people. Especially those that are sleeping on bitcoin

If I sleep by this night and wakes tomorrow to discover that bitcoin has gotten to 50 thousand dollars, I would not panic but rather I will have to call my friend to tell him to sell his Bitcoin. He bought somewhere 40 thousand dollars and the bear market fell on him. And I have encouraged him to hold since then, and he is holding and I believe he has given up and he does not believe that bitcoin will bring back his capital. But with the recent movements that bitcoin touched 30k, he saw hopes again in bitcoin. I still encouraged him not to sell since he is not in dare need of the money. So whenever Bitcoin makes fifty thousand dollars. I will call him to sell.

It will not be a shock to me when the price of BTC hit $50 over night, because I'm fully prepared to see that kind of price before the end of this year 2023. Am not buying BTC since the price has increased higher early last month to alert other holders to get ready for the massive pumping that is about to take place in the crypto market. I guess, this is the season of holding and endure the current price so that you will not regret when other people that endure are celebrating their good results in the community. Many people are waiting for the price to return back to $30 before they will start thinking whether to sell now or wait for the price to increase to $50 before they can sell.

Bitcoin is volatile in nature as we all know and in either the bull or bear market, there is always an advantage for investors. Like you said that bitcoin price has gone dip,do you know that this is the best time to accumulate more bitcoin for yourself because the price might shoot up high and this price presently might be the lowest price we will see. We shouldn't get discouraged on bitcoin is the price drops drastically, instead let's see it as an opportunity to accumulate more coins for a better tomorrow.

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Remember buy when the price is dip and hold for long,in order for you not to panic and sell of out from fear.

The price may also be lower than it is currently if bitcoin continues to crash. Buying in stages at this time is the best thing to do. Starting to save Bitcoin and holding for the long term won't hurt. How can you be silent when the price is getting cheaper, this is the best opportunity. Bitcoin still has a long way to go, this is only the beginning of the growth of Bitcoin and the crypto ecosystem.
But keep in mind that risks will definitely occur, manage them properly and make sure everything is under control.

Unset from the beginning mate, I had known it that there would be a time when the world would move to Start making use of digital currency and atlast Bitcoin came as the answer and also the first digital currency to be developed. Since then I had no worries about bitcoin volatility because I know definitely it would get somewhere. So therefore buying more of it is the only option since it is low now. This is the advantage at hand to make good use of while bagging more bitcoin.
 As a full bitcoin enthusiasts, I believe bitcoin would definitely make it to being accepted globally as a means of exchange or digital currency for the sales and purchase of goods and services.

You are absolutely right that there is a panic situation in the market right now, the buyers are very few and the volume is not visible. This is often done before the bull season in which people sell their bitcoins or crypto currencies. whales and big investors take advantage of such a situation and buy.

Totally agree with you that people who have complete knowledge about Bitcoin and understand the importance of Bitcoin buy more in such a situation. I think if someone has capital, this is a great opportunity for him.

I've seen Bitcoin at $16k where people were very pessimistic that the price of Bitcoin could fall further and then everyone saw Bitcoin hit $30k.

But believe me or not, you can't please everyone to believe of what you are thinking today. Because all the people are here (aside from you) have a positive insight about Bitcoin. Well, it can't deny that some are leaving Bitcoin but this is because they found themselves not comfortable with this. Some are quitting but many are coming and trusting Bitcoin.

Let us assume that you are right, then why do we see Bitcoin didn't turn to $20k, $10k, or ZERO? This means that Bitcoin is growing and big the opposite of what is in your assumption.

The year 2021 was a bull market for the price of Bitcoin which saw the greatest growth then. The Bitcoin market then fell again and the market then turned into a bear market. and in the last two years the Bitcoin market has fallen so much that no one expected but in 2023 the market is going up a bit. And the position the market is in right now is definitely slowly trying to settle into a full-fledged equilibrium. But most of the investors have faith in Bitcoin and it can never be a scam. and if you have confidence in Bitcoin and are interested in investing then surely your future will be bright. The Bitcoin market will once again turn from a bear market to a bull market in 2024. So I say have faith in Bitcoin and be patient and buy.

Although the current high price of Bitcoin may seem like a red flag, it is important to note that this does not automatically render Bitcoin a scam. While it is true that Bitcoin's value may not increase overnight, it is still a profitable currency that has consistently proven its potential to offer long-term financial gains to investors.

Many people have profited from Bitcoin over the years, which should be enough evidence to dismiss the notion of it being a scam. It is understandable that those who did not invest in Bitcoin during a phase of price reduction might perceive it as fraudulent, but it is crucial to recognize the big picture, and how Bitcoin remains one of the most profitable cryptocurrencies available.

Ultimately, Bitcoin's continued upward trajectory and its resilience to market fluctuations make it a reliable investment opportunity for individuals looking to increase their financial portfolios.

You will not generalize that the market has not been favorable. This is because some people have made huge profits from the Bitcoin market. People that bought last year when the price was low might have made 100% profit. I don't also believe that the price drop has drastically reduced the number of buyers because, for those who understand the market, this is the best time to buy. I have always believed that due to the uniqueness of Bitcoin, it will always increase in value. So I will not be surprised if it gets to any price because it has such potential.


Yeah, I am still buying and I will not stop. Even in the bull run, I will keep buying because the next run might always be better than the former. I hope you are also buying so that you wouldn't join those that will regret it.

A bear market is bad for newbies but it is good for veteran traders and investors. They wait for bear market to take advantage and get richer months later when a bull market comes.

Halving will come in 2024, stay tuned and tie your seat belt.
https://bitcoinblockhalf.com/

Rising to $50k from what price? From $48k 

Bitcoin can have its good rise but it won't be x5, x10, x20 or x100 after 24 hours like shitcoins. With its biggest marketcap in cryptocurrency market, it is impossible for Bitcoin to have such magic rises like altcoins or scam coins with smaller marketcap and smaller trading volume.

Bitcoin has not been favourable to some while some are busy making profits from the slightest opportunity. To begin with, I have noticed people tend to rush into Bitcoin when the price is very high and reduce when the price is low defiling the law of demand and supply that states that higher the price the lower the quantity demanded while the lower the price higher the quantity demanded. People who are more knowledged about Bitcoin buy BTC when the price is low as to make profit when the price rises, this kind of investment is also seen in the long time investors.

I don't think Bitcoin is in any dilemma, it all depends on individuals view what you think isn't what am thinking.
Bitcoin is just in it's present, if you know the past of Bitcoin and compare it with the present it will give a you clearer vision of the future of Bitcoin and it's price.

Bitcoin can't be a scam no matter the price it hits, actually some of us here in this forum even pray it gets to such level/ price and I don't think I will have a regret since I don't regret not having a Bitcoin when it was 1$ I will not still regret it now.

With the little know I have about Bitcoin I will keep trusting in it.

It depends TBH.

Not favorable? Probably yes if you bought Bitcoin at it's peak. What if you're one of the many investors who are waiting for this time to happen? It will be more favorable for you because you will have the opportunity to buy Bitcoin at a discounted price. Always take note that there's always opportunity in the crypto markets, and it all depends on you as an investor if you will grab it. Drastically reduced the number of buyers overtime? Probably because most of the buyers are the ones who don't have the courage to buy Bitcoin when it's going down because they are afraid to lose their money.

I will wake up immediately because I know that your scenario will just be a dream, and in reality, it will never happen.

Kidding aside, I will not say that it will be a scam even though that thing will happen, but in reality it will not happen, or at least in an overnight. It might happen in a few weeks especially when the market is in a bull run. As for the bull run, I've seen the crypto market went into the bull run twice already (2017 & 2021). Did I felt shocked? Not at all. I didn't feel any happiness whatsoever during the last bull run, because I don't have plans on selling at that time. Turns out that it's my worst decision ever because I just let my potential profits slip. Instead of happiness, I felt disappointed on myself, but at the same time, it was a lesson learn.

Like the OP said, keep buying Bitcoin as long as you are trusting it. Bitcoin is more than a year away, and a few months after that, the bull run will happen (base on it's past cycles).

Seeing such a boom in bitcoin prices will only surprise me slightly because I did not expect a 100% price growth.  I won't consider bitcoin a scam because I already believe in it and intend to invest in it. If the price increase comes as a surprise, DCA should alleviate the problem of not being able to buy while the price was very low.

When people say it's too high to buy, I tend to ask what's the ATH. The price I recall keeps it at $69k. Now that's high when you try to compare with where we have the price now which is around $26.7k. Hence, there is little reason for one not to be actively buying bitcoin. We already hit rock bottom for the bearish market and ain't going to dip that much no more.

One reason why one might not want to buy aside from the fact that, your cared of another bearish fall or the fact that they aren't so sure of bitcoin is that, you've got no funds, spare funds.
For that, there have been a solution on how to go about investing and not have much issues. The idea is to DCA! Using dollar cost averaging to follow up your investing. It's one way to go about buying even at a high price.