Bitcoin Food for Thought!!! (Bear Market Special) - page 2.

Bitstar_coin

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Quote from: Findingnemo on June 17, 2022, 06:49:31 AM

One more proof, why we need to HODL.

Weak hands always is in this situation they enter when its high and exit at the low but blame the Bitcoin for all those things these are kore common in stocks but not much people talking about it but whenever it comes to cryptocurrency all those economic experts advice us to stay away because its risky.

Reason why i decided to share to lift the spirit of those who are thinking the price is lower than where they bought and feel like they have lost money, as long as you don't sell your coins to the whale no lose has occurred.
People need to see this and understand where btc may likely be in few years to come, buying now and holding for long term is always the best decision and rewarding. We shouldn't be influenced by fear.
Impatience people will be the loser, it doesn't make sense for people to fomo in at ath and panic sell at the bottom and then blame the market while they are the ones that lack the patience for market recovery.

noorman0

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[Nope]No hype delivers more than hope

Quote from: justdimin on June 17, 2022, 05:56:03 AM

I really dislike it when people comeback during hype period, like when they see 20-30% increases daily, once or twice per week, for over a month. Bitcoin was 3.5k or so during march of 2020, and it was 64k just in April of 2021, that's about a year, look at the insane increase it had.

I think bitcoin was never the hype, it increased naturally. And I'm sure that people who are consistent with bitcoin from the last 5 years will not give up their trust regardless of what period they bought it.

The hype period is precisely the moment when newbies get excited about putting all their money into bullshit coins where they are reluctant to look at the history of the market and forget about bitcoin which is the biggest influence of the coins as a whole. So that at times like today, beginners get more of a downside effect and start giving up because of wrong choices.

Findingnemo

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Bitcoin = Financial freedom

One more proof, why we need to HODL.

Weak hands always is in this situation they enter when its high and exit at the low but blame the Bitcoin for all those things these are kore common in stocks but not much people talking about it but whenever it comes to cryptocurrency all those economic experts advice us to stay away because its risky.

KaliLinux

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Quote from: justdimin on June 17, 2022, 05:56:03 AM

Quote from: Bitstar_coin on June 16, 2022, 03:08:17 AM

Am not sure but from the tone of this post i think it was made during times like this. i stumble across this very inspiring piece of btc post from the telegram channel i follow so i thought to share it here to inspire some of us who are thinking the worst because of the blood bath. More than 10 years since this post was made here in this forum, i hope the @op bought back his btc otherwise........ won't comment any further Lips sealed

I really dislike it when people comeback during hype period, like when they see 20-30% increases daily, once or twice per week, for over a month. Bitcoin was 3.5k or so during march of 2020, and it was 64k just in April of 2021, that's about a year, look at the insane increase it had.

And yet, people are seeing absolutely no upside going forward? Let them be, anyone who buys from the current prices will be getting insanely rich in the near future and it will be a great deal, I do not understand how people can't see an upside, but I guarantee you 100% that all of them will comeback when the prices start to recover and we get into another bull run.

I agree with you hare. I still see some posts here where people are saying not to buy now that the price of Bitcoin might continue to fall, so wait until it starts to recover. Well, this could be true but I don't see any reason why anyone shouldn't take advantage of the current price even if not all in at once, and how do you even know that, that recovery is actually a confirmed Bull season? I think the problem is some investors don't believe in what they are investing in, they hear Bitcoin is making people money so they invest without the knowledge and the patience of the result.

justdimin

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Quote from: Bitstar_coin on June 16, 2022, 03:08:17 AM

Am not sure but from the tone of this post i think it was made during times like this. i stumble across this very inspiring piece of btc post from the telegram channel i follow so i thought to share it here to inspire some of us who are thinking the worst because of the blood bath. More than 10 years since this post was made here in this forum, i hope the @op bought back his btc otherwise........ won't comment any further Lips sealed

I really dislike it when people comeback during hype period, like when they see 20-30% increases daily, once or twice per week, for over a month. Bitcoin was 3.5k or so during march of 2020, and it was 64k just in April of 2021, that's about a year, look at the insane increase it had.

And yet, people are seeing absolutely no upside going forward? Let them be, anyone who buys from the current prices will be getting insanely rich in the near future and it will be a great deal, I do not understand how people can't see an upside, but I guarantee you 100% that all of them will comeback when the prices start to recover and we get into another bull run.

Lucius

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Quote from: tranthidung on June 16, 2022, 04:28:48 AM

With stablecoins, lot of things we don't know and any company should have less power than government and central bank so there is more risk. A higher risk is with algorithm stablecoin...

I could still understand those beginners who are inexperienced and do not understand that such things do not work, but I can not understand that such projects are launched by people who have been dealing with cryptocurrencies for years. Stablecoins of course offer relatively fast and cheap transactions, but the risks for me personally far outweigh the benefits because it is a 100% centralized private system that always claims that one of their coins is backed by $1, but we know that is not always the case. People today can be sold all kinds of fairy tales, and some have decided to use it to the maximum.

LodisMcguire

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It's the same every year,there are people who lose the spirit and there are people who still maintained confidence in the time of bear market,like the thread here.
For people who already dabbling with bitcoin for years,they will not easily influenced by FUD and just wait for the right time.

Henrobakkara

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Quote from: KaliLinux on June 16, 2022, 02:00:28 PM

Quote from: Bitstar_coin on June 16, 2022, 03:08:17 AM

Am not sure but from the tone of this post i think it was made during times like this. i stumble across this very inspiring piece of btc post from the telegram channel i follow so i thought to share it here to inspire some of us who are thinking the worst because of the blood bath. More than 10 years since this post was made here in this forum, i hope the @op bought back his btc otherwise........ won't comment any further Lips sealed

Link from the source is either broken or removed, couldn't dig it from here.

Do share your beautiful thoughts.

I could understand why the OP of that post might feel that way, think about it, even now Bitcoin could still be considered a new thing talk less of 2011. However, It is a surprise that even up till now with the history of Bitcoins evolution some investors still think during a bear market season like this Bitcoin might not be able to recover and all you hear is fear.

I believe why we have so much fear and the kind of panic we see in the market is because many investors are actually investing monies that might be needed in the immediate future for this hence the need to quickly sell off once there is a bit of downward price movement and the uncertainty of how long it might take to recover.

franky1

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Quote from: Bitstar_coin on June 16, 2022, 03:08:17 AM

More than 10 years since this post was made here in this forum, i hope the @op bought back his btc otherwise........ won't comment any further Lips sealed

Link from the source is either broken or removed, couldn't dig it from here.

https://bitcointalksearch.org/topic/m.344344

Quote from: BTC Economist on July 09, 2011, 08:49:40 AM

This is why I have liquidated my position in Bitcoins. There is very little upside going forward. No forward moves of late have any traction whatsoever and demand continues to lag. Way too little upside for such a risky proposition so my advice is to move into dollars. Only a significant change in the economy could alter this forecast.

https://bitcointalksearch.org/user/btc-economist-26176
Last Active: November 19, 2011, 03:49:30 AM

KaliLinux

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Quote from: Bitstar_coin on June 16, 2022, 03:08:17 AM

Am not sure but from the tone of this post i think it was made during times like this. i stumble across this very inspiring piece of btc post from the telegram channel i follow so i thought to share it here to inspire some of us who are thinking the worst because of the blood bath. More than 10 years since this post was made here in this forum, i hope the @op bought back his btc otherwise........ won't comment any further Lips sealed

Link from the source is either broken or removed, couldn't dig it from here.

Do share your beautiful thoughts.

I could understand why the OP of that post might feel that way, think about it, even now Bitcoin could still be considered a new thing talk less of 2011. However, It is a surprise that even up till now with the history of Bitcoins evolution some investors still think during a bear market season like this Bitcoin might not be able to recover and all you hear is fear.

CryptoHeadlineNews

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Quote from: Bitstar_coin on June 16, 2022, 03:08:17 AM

I stumble across this very inspiring piece of btc post from the telegram channel i follow so i thought to share it here to inspire some of us who are thinking the worst because of the blood bath.

Yeah.. It is the human nature to be scared sometimes, and moreover when it comes to life savings, most people are extremely off thinking when they are placed in such pressure, because the fall in the price of BTC above 15% to 20% is enough to put people into panic (especially people buying for the very first time) and has urgent needs for money. So selling a coin because it falls is not a bad idea, but not buying again when you have the chance is the problem

Anonylz

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Quote from: hatshepsut93 on June 16, 2022, 10:38:59 AM

I wouldn't assume that the crash was largely caused by panicking newbies. I'd say it was more likely done by whales and pro traders who saw the stock market crash and decided to pull their money out of Bitcoin too, because it was already in bear market and stock market downsides have correlated with Bitcoin downsides in the past.

By pulling their money back and letting the price crash even further means they will buy back at a much cheaper rate at the bottom! It really doesn't make sense why they will pull out their funds just because of the stock market crash, btc is supposed to be the go-to asset when others like stock are crumbling.
Although I kind of see understand clearly now, if not whales pulling out their money to crash the price further down newbie panic sell is not enough to bring the price down this much.

hatshepsut93

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I wouldn't assume that the crash was largely caused by panicking newbies. I'd say it was more likely done by whales and pro traders who saw the stock market crash and decided to pull their money out of Bitcoin too, because it was already in bear market and stock market downsides have correlated with Bitcoin downsides in the past.

amishmanish

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Only those people are selling who invested in bitcoin as a gamble, or who were completely dependent on bitcoin for their income or who are not looking in real long term prospective. Yes whales are actually routing the funds towards their sponsored stable coins. But these stable coins again will become indirectly controlled by the fiat owners behind. However in future only whales will benefit and we all will be mere users of stable coins

Smartvirus

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If we look at what OP have said, posts like this tends to come up in times like this (bearish market) and this one dates back as far as 10years ago and somehow, it tends to make meaning in our present time. This is in agreement with what Lucius have stated as, it goes into history and people are expected to learn from these events of history. I dontvsee reasons why people might prefer fiat to bitcoin if you ask me. Yeah, some might look at it as a commodity to dispenser and something that could just go off at some point but, the history of today has made us understand that, that's hardly the case with bitcoin.

Fiat might save value but, it becomes of no use, swapping your bitcoin for fiat whne the market is at its low already. Doing that at the beginning of the bear market might be a wise choice with the intention of buying from the dip but, not whe the market has formed this dip already.

MMysterious

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Bear season or just the beginning

Early bitcoin prospective was difficult. It requires grit to invest into something new. We cannot blame those early investors that sold their bitcoins because of the uncertainty. Those that continued to hold longer in years were rewarded handsomely.

I am a believer in bitcoin but I am also aware on rumors about the likelihood of quantum computers. Is bitcoin really vulnerable to quantum computers? How long before quantum computers exist?

DapanasFruit

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In the face of this very deep DIP, those who are really serious with Bitcoin should always look for the long-term. Admittedly, that can't be an easy thing to do for holders who just like me can be small and may not be financially stable. As for the big holders and the whales, I think they can do whatever they want and many may continue on holding on waiting for the time when the tide can be reversed...and it will really have its own time again as this is always a question of WHEN and not of IF. Good to see and read an inspiring post like above reminding us of the colorful history of Bitcoin and why holding on is the right thing to do.

skarais

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Quote from: avikz on June 16, 2022, 05:04:59 AM

That's really funny! $20 worth of bitcoins in 2011 could have made the holder a millionaire today. But pessimism kicked in and the opportunity is lost.

Who can predict the future that the bitcoin price of $20 in 2011 will be $69K in 2021? That's not funny in my opinion, but they have concerns that prices will drop further so buying back post dumps is hard for them to do. Only those lucky enough with good finances who dare to buy in bulk and keep it in the long term, they are the winners.

Feeling pessimistic in a highly volatile market seems reasonable while bitcoin is a freely traded asset. This allows the price to rise uncontrollably and fall in the same way as well. But at that time bitcoin didn't seem to be widely known so people were still hesitant to buy and hold it long term even though $20 today looks very cheap for bitcoin. Maybe $20K today will also be considered very cheap if in 10 years the price of bitcoin is trading at $1M.

okorieemmanuel

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Quote from: TheNineClub on June 16, 2022, 05:11:33 AM

Quote from: Bitstar_coin on June 16, 2022, 03:08:17 AM

Am not sure but from the tone of this post i think it was made during times like this. i stumble across this very inspiring piece of btc post from the telegram channel i follow so i thought to share it here to inspire some of us who are thinking the worst because of the blood bath. More than 10 years since this post was made here in this forum, i hope the @op bought back his btc otherwise........ won't comment any further Lips sealed

Link from the source is either broken or removed, couldn't dig it from here.

Do share your beautiful thoughts.

This is just one sixe of the coin (pun intended)
BTC was never conceptualised to be what is is today, at least what investors are trying to make of it. It's not all about making a profit, it never was. The bigger picture is BTC pushing the boundaries of what is money and curency without it being attached to standard money controling organisations. And how all of that could benefit our future.

True...

Bitcoin level of uncertainty could benefit our future. Who knows? Bitcoin could hit $80,000 after this mayhem is over.

TheNineClub

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Quote from: Bitstar_coin on June 16, 2022, 03:08:17 AM

Am not sure but from the tone of this post i think it was made during times like this. i stumble across this very inspiring piece of btc post from the telegram channel i follow so i thought to share it here to inspire some of us who are thinking the worst because of the blood bath. More than 10 years since this post was made here in this forum, i hope the @op bought back his btc otherwise........ won't comment any further Lips sealed

Link from the source is either broken or removed, couldn't dig it from here.

Do share your beautiful thoughts.

This is just one sixe of the coin (pun intended)
BTC was never conceptualised to be what is is today, at least what investors are trying to make of it. It's not all about making a profit, it never was. The bigger picture is BTC pushing the boundaries of what is money and curency without it being attached to standard money controling organisations. And how all of that could benefit our future.

Topic: Bitcoin Food for Thought!!! (Bear Market Special) - page 2. (Read 586 times)