Topic: BEEN IN THIS GAME FOR 6 YEARS - page 5. (Read 2503 times)

That's probably what's going to happen. But we forget that Bitcoin shouldn't be an asset, tho it's inevitable now. Bitcoin should just function like Fiat Money. Their main difference should only be Decentralization. As that's what Bitcoin should be solving from Fiat Money (centralized currency). But instead, it became more of an investment, an "asset" just like stocks and real estates and whatnot

Just to share my personal experience, I entered the cryptocurrency world back in 2017 where the price of each bitcoin were around $4,000-$4,500 fluctuating. I used to participate in campaign signatures that for a Jr. member, the payouts were like 0.004 BTCs/week (around $5 before converted). Many people have been speculating that the price may skyrocket within the year.

Around 2018 when the price of BTCs reached an all-time high of around $19,000, people assumed that its price would continue to increase and they started purchasing more for long-term investments. Unfortunately after a few weeks, its price dropped considerably and the people who JUST STARTED investing into BTCs branded it as a whole "bubble" and "scam" scheme.

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I would tell family and friends and got  a response like I will wait till it comes down.  If those people listened 1 year later would have profited well. Now I tell friends  .1 BTC  I  think for many that is attainable, now the response is did bitcoin not crash. My point is that I think if we educate fundamentals which is tough we might win some hearts.

Lot of people are making price predictions and many years ago I did as well.However, I stopped thinking in fiat and only thought about stacking stats. In the end we are part of a financial revolution much like Tesla in cars- uber in taxis.The financial market is in a recession when you have bankers, government official telling you we are doing great it's to cover up the truth.

I told some friends in 12/2015 that btc in few years will be 10 k . I am no market analyst I just based it on scarcity. Those same friends bought in 2017 and called me thinking I knew what the next target is and I told them shit, I got lucky I have no idea. Four years later  and now I am thinking scarcity again and 95k in a few years is my next prediction because why not we all love a number to gravitate to.

In 2016 saw a youtube video, and in there was a Chinese mining operator that did not speak english well  but would say just buy 1 BTC and many people laughed at him dunno if it was because of his accent or because he was a miner  promoting BTC. I thought about that back than and realized that 1 btc is attainable at 500 usd.

I would tell family and friends and got  a response like I will wait till it comes down.  If those people listened 1 year later would have profited well. Now I tell friends  .1 BTC  I  think for many that is attainable, now the response is did bitcoin not crash. My point is that I think if we educate fundamentals which is tough we might win some hearts.

I work online for a company (a remote job) and they pay their workers with bitcoin. Some people just use it to receive their payment and once it comes into their wallet they will sell/withdraw it to their bank account.

Holding bitcoin for long or at least until next pump is right decision. It wont harm the investors. Waiting is the working method here. The amount of profits that can be gained from bitcoin depend on the duration of time for which a holder keeps it in pockets. If someone consider this choice a risky one, they have the option to learn about bitcoin and then make decisions to the best of their knowledge.

We are moving towards an era of digital currencies and bitcoin will dominate all assets.

It is always the same story even if the details change slightly, this happened with the tulip mania on 1637, the dot com bubble, the real estate bubble and it happened to bitcoin and cryptocurrencies in general in 2017, people are always looking for an easy way to make money and when they see an asset going up then they want to get some of the profits as well, for those that are smart that is the moment to get out of the market since the bubble cannot last that much longer, then the price crashes and any dreams of getting rich quickly gets crushed.

At the end of the day where they realized things far from the expectation, they can't afford to lose more ...

They would start crying like ' bitcoin is a biggest scam!' ' I lost thousands dollar in it within a month! ' and bla bla bla... a never ending frustrated stories caused by careless uneducated newcomers , that kind people are lack of responsibility and greedy at once, a perfect formula to make a mess with your life

People will always be expecting that

The same thing (or shit if you like) will happen time and again. It is just in human nature to "hope for something out of nothing". There is a special word in Russian to describe just that - "xaлявa", which can't be properly translated into English without losing the whole meaning it conveys, especially the strong negative connotation it has (the English rendering "freebie" doesn't cut it at all since it lacks this extremely contemptuous undertone). So most, if not all, people have it in them, and unless they are aware of it and can control it consciously, the process is bound to repeat itself over and over again. But that's an opportunity for us if we are able to ride it and profit from it

That was what exactly happened with bitcoin in late 2017 and 2018 after the bitcoin started getting high lot of people just brought it as a method of getting rich quickly. Lots of people buy over 10k$ just trusting the hype that it would go 50k$. But as it drops maximum of such people did the panic sell. Though it may not be the only cause of BTC price drop that time but it was a major cause.

Holding bitcoin for long or at least until next pump is right decision. It wont harm the investors. Waiting is the working method here. The amount of profits that can be gained from bitcoin depend on the duration of time for which a holder keeps it in pockets. If someone consider this choice a risky one, they have the option to learn about bitcoin and then make decisions to the best of their knowledge.

A choice that you cannot challenge or deny for every human being who has thought the right strategy going forward. This will be a decisive step for you to produce something good or bad.

They think that the bitcoin would increase an unstapable of increasing but they did not know that if it reach into high value of money, there are a lot of people who sell their coin as their profit and it cause of the price go down in year 2018 and until now we can't see its growing value like before.

People still expecting fortune from bitcoin volatility, they are waiting for the price to skyrocketing reaching the limits without knowing there's a bubble potential to burst ... indeed very classic , it's won't end well for them who has this simply dangerous  thoughts

I regret entering the market so late as i entered few years back only when prices were high and last bull run of 2017 hit the market taking the prices to $20k which no one could expect from btc.This is the power of cryptocurrencies like btc that they have potential to change the digital world by shifting momemtum from fiat to digital coins based on blockchain technology.The prices will soon reach ATH and we all will be happy to be part of financial revolution.