Bitcoin 2017 : 20,000$ - Bitcoin 2022 : 20,000$ - page 3.

Slow death

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Quote from: MikeRpod on July 26, 2022, 02:23:21 PM

Think Bitcoin has lost its bullish momentum? It feels like now continuing to hold BTC is pointless ...

look at the world market, prices of all things are rising at a frightening level, russians have been sanctioned, people are starving, think: if you were in a war or starving would you think about buying bitcoin or would you want fiat immediately for buy food and not go hungry? this is what is happening, people are not going to be spending a lot of money investing in bitcoin and various high risk assets in a time of crisis, but also look at the good side which is the fact that the price is low, you buy now and you will have 3X to 4X profit guaranteed in the next 2 to 3 years

Quote from: MikeRpod on July 26, 2022, 02:53:32 PM

I have a feeling that BTC will not drive the market for much longer, but that's just my opinion. Personally I will start to accumulate more ETH than BTC in the future

if you buy ETH now anyway 2 to 3 years from now you would have a profit of 2X to 3X so this is the same thing as investing in bitcoin

Quote from: btc78 on July 26, 2022, 11:16:31 PM

if we are going to hold bitcoin then you must understand its way of movement and that is what we have now, this is why we are called HODLERs and that is not for nothing .

he knows about bitcoin, in my opinion he likes ETH just looking for an argument to leave bitcoin and keep ETH

btc78

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Quote from: MikeRpod on July 26, 2022, 02:23:21 PM

Think Bitcoin has lost its bullish momentum? It feels like now continuing to hold BTC is pointless ...

How Hypocrite sharing of years? you mentioned 2017 as an ATH year but did not bother putting 2021? instead you jumped to 2022? why not share the date of 2018 before 2022?

if holding Bitcoin is pointless at this moment then why those Holders from the 2018 did not felt the same way?

if we are going to hold bitcoin then you must understand its way of movement and that is what we have now, this is why we are called HODLERs and that is not for nothing .

TravelMug

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Quote from: MikeRpod on July 26, 2022, 02:53:32 PM

Quote from: Charles-Tim on July 26, 2022, 02:35:09 PM

You can try to use DCA for bitcoin investment. People that buy bitcoin now will reap the profit but it could take some months after the next halving for a significant bull run.

This period is just like 2018 when the whole year was not favoring bitcoin and cryptocurrencies in general, so this bear market has never been a surprise for people that know about bitcoin price history.

Bitcoin has dropped significantly, holding some amount of bitcoin now will be profitable in long term.

Quote from: MikeRpod on July 26, 2022, 02:23:21 PM

Think Bitcoin has lost its bullish momentum? It feels like now continuing to hold BTC is pointless ...

You should not expect the price of bitcoin to always increase, a bear market is an hope for people that have not invested before to be able to invest at low price.

I don't know... I've been accumulating BTC since 2016 but this is the first time I've noticed this loss of momentum (loss of MA200 and breakout of the previous ATH), it never happened before like this. I have a feeling that BTC will not drive the market for much longer, but that's just my opinion. Personally I will start to accumulate more ETH than BTC in the future

I would agree on that, but bitcoin also evolved its narrative right?

I mean government are investing, institutional money is slowing. My point is that we are still very young and this numbers are not etch in stone. Sooner or later the pattern is going to break. And it just so happen that this is the first time that we have reach the previous all time high. Even having 9 successive weeks in red candle as well is a first this year.

It's your call if you want to go with Ethereum rather than Bitcoin. Best of luck in your decision.

sheenshane

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Quote from: MikeRpod on July 26, 2022, 02:23:21 PM

Think Bitcoin has lost its bullish momentum? It feels like now continuing to hold BTC is pointless ...

Just add some trust to it and you will admire holding Bitcoin.
This was I am before, I didn't trust Bitcoin but every time Bitcoin reached the ATH price, I always regret and blame myself for not investing while at the dipped price. But now, I've learned, that holding while waiting for another ATH is worth it, and when a bull trend comes it will surely give profit or as a reward.

I tend to agree with the advice above, buying Bitcoin in a DCA way will help you to determine your loss.
Try to look out the market price chart history, it will always end up having an All-time high Bitcoin price even though there's a long period of a bear market.

posi

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Quote from: MikeRpod on July 26, 2022, 02:53:32 PM

Quote from: Charles-Tim on July 26, 2022, 02:35:09 PM

You can try to use DCA for bitcoin investment. People that buy bitcoin now will reap the profit but it could take some months after the next halving for a significant bull run.

This period is just like 2018 when the whole year was not favoring bitcoin and cryptocurrencies in general, so this bear market has never been a surprise for people that know about bitcoin price history.

Bitcoin has dropped significantly, holding some amount of bitcoin now will be profitable in long term.

Quote from: MikeRpod on July 26, 2022, 02:23:21 PM

Think Bitcoin has lost its bullish momentum? It feels like now continuing to hold BTC is pointless ...

You should not expect the price of bitcoin to always increase, a bear market is an hope for people that have not invested before to be able to invest at low price.

I don't know... I've been accumulating BTC since 2016 but this is the first time I've noticed this loss of momentum (loss of MA200 and breakout of the previous ATH), it never happened before like this. I have a feeling that BTC will not drive the market for much longer, but that's just my opinion. Personally I will start to accumulate more ETH than BTC in the future

This means you have been in the market for 6 years. you are someone with enough experience with the market and you are starting to lose faith in bitcoin. If you've been accumulating bitcoins since 2016, I think you've made a profit, so if you don't believe bitcoins will explode in the future, you can sell them now and leave the market.

It seems a bit strange to me to see you say that you lose faith in bitcoin but trust in eth. I myself still choose to keep btc over eth, what will happen to eth if btc doesn't grow?.

GeorgeJohn

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Quote from: MikeRpod on July 26, 2022, 02:23:21 PM

Think Bitcoin has lost its bullish momentum? It feels like now continuing to hold BTC is pointless ...

Before you can express such feeling of cryptocurrency and especially bitcoin values. You have to flash back from when cryptocurrency information come to air especially bitcoin. The value of bitcoin in the year 2017 and 2018 is not the same value of same this time. Once we are moving and Bitcoin get another way of increasing for it value. But right now the downfall of Bitcoin does not mean it has losed all the value in cryptocurrency Kingdom

hatshepsut93

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You're comparing the top of a bull market with a low of a bear market. This is actually not too bad. If the current price level will hold, if the drop to $17.5k was just a fluctuation and not a bearish trend, then it means that the old pattern largely holds, and the next bull market will bring new highs, likely over $100,000. So, buying BTC now and getting 400% profit in a few years is a pretty decent deal.

Wilhelm

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Quote from: MikeRpod on July 26, 2022, 02:23:21 PM

Think Bitcoin has lost its bullish momentum? It feels like now continuing to hold BTC is pointless ...

Your first cycle?

The emotions you are feeling are normal. Bitcoin cycles will bring out your fear, greed, dispair, etc.
Hang on and HODL! HODLing isn't as easy as it seems...

MikeRpod

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Quote from: Charles-Tim on July 26, 2022, 02:35:09 PM

You can try to use DCA for bitcoin investment. People that buy bitcoin now will reap the profit but it could take some months after the next halving for a significant bull run.

This period is just like 2018 when the whole year was not favoring bitcoin and cryptocurrencies in general, so this bear market has never been a surprise for people that know about bitcoin price history.

Bitcoin has dropped significantly, holding some amount of bitcoin now will be profitable in long term.

Quote from: MikeRpod on July 26, 2022, 02:23:21 PM

Think Bitcoin has lost its bullish momentum? It feels like now continuing to hold BTC is pointless ...

You should not expect the price of bitcoin to always increase, a bear market is an hope for people that have not invested before to be able to invest at low price.

I don't know... I've been accumulating BTC since 2016 but this is the first time I've noticed this loss of momentum (loss of MA200 and breakout of the previous ATH), it never happened before like this. I have a feeling that BTC will not drive the market for much longer, but that's just my opinion. Personally I will start to accumulate more ETH than BTC in the future

NeuroticFish

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Quote from: MikeRpod on July 26, 2022, 02:23:21 PM

Think Bitcoin has lost its bullish momentum? It feels like now continuing to hold BTC is pointless ...

If you don't trust Bitcoin enough to believe its price will explode again, be my guest and sell. Nobody forces you hold.
There are many very happy to buy. For some now it's crypto winter, for other it's summer sales.

However, I have a hunch that you made this post to convince others sell, so they basically sell to you or, more likely, your employer.

btc_angela

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Quote from: MikeRpod on July 26, 2022, 02:23:21 PM

Think Bitcoin has lost its bullish momentum? It feels like now continuing to hold BTC is pointless ...

What you mean? haven't you seen the market since the beginning of this year? And yeah I will say that we are no longer in the bullish market, it was November last year when we have our all time high.

But it doesn't mean that holding BTC is pointless, I mean this is the perfect time for accumulation. You should buy them because they are quite cheap at 70% and then hold. And then wait till the next bull run maybe in 2024-25 and see how far BTC goes and how much you are going to profit by investing right now.

Charles-Tim

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You can try to use DCA for bitcoin investment. People that buy bitcoin now will reap the profit but it could take some months after the next halving for a significant bull run.

This period is just like 2018 when the whole year was not favoring bitcoin and cryptocurrencies in general, so this bear market has never been a surprise for people that know about bitcoin price history.

Bitcoin has dropped significantly, holding some amount of bitcoin now will be profitable in long term.

Quote from: MikeRpod on July 26, 2022, 02:23:21 PM

Think Bitcoin has lost its bullish momentum? It feels like now continuing to hold BTC is pointless ...

You should not expect the price of bitcoin to always increase, a bear market is an hope for people that have not invested before to be able to invest at low price.

a1 Hashrate LLC2022

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Quote from: MikeRpod on July 26, 2022, 02:23:21 PM

Think Bitcoin has lost its bullish momentum? It feels like now continuing to hold BTC is pointless ...

Thank you for this. Based on your judgement I just purchased a piece of it. Wink

MikeRpod

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Think Bitcoin has lost its bullish momentum? It feels like now continuing to hold BTC is pointless ...

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