Topic: Bitcoin is performing just fine currently - page 2. (Read 871 times)

Not only newbies, but some investors have been in the market for a long time and invest with borrowed money, money that cannot be lost, or investors who are all-in and want to get rich quickly. They all complain and say that bitcoin is under performed, and even blame bitcoin. From their perspective, bitcoin is underperformed because it is not meeting their expectations, but to be fair, they are the ones who are not performing well. Because they don't have an effective investment plan as well as if they calm down and ask why there are so many people who are very happy with what's going on but they can't. Obviously, those who say bitcoin is not doing well are people who have failed with their investment strategy because bitcoin is much better than they thought.

As kryptqnick gave a scenario to people who bought bitcoin 3 years ago for 69k$, do you think they are newbies and in the last 3 years bitcoin has not brought profit for them, what's wrong when they say bitcoin is underperforming for them? From the perspective of long-time investors and those who are making profits, it is true that bitcoin is not doing badly, but for those who are losing money or are not yet profitable, there is nothing wrong when they say that bitcoin is not good. Not to mention, those who just bought bitcoin for 72k$  in March will also be unhappy with the current situation of bitcoin.

I agree with some people here that whether bitcoin does well or not depends on when they buy it.

I Love your statement that anyone who thinks Bitcoin is under performed must be a newbie, generally I see most people complaining about Bitcoin being stagnated, instead of taking such advantage to accumulate as much as they can be Bitcoin might Surg so high beyond expectations. However, historically Bitcoin has done very well as it has made a tremendous increase in price and value and a more wider spread adoption good enough to be seen as one of the if not the best digital world largest asset class, it can be very Short sighted for any one not to have seen the potentials that Bitcoin holds.

I agree with that. I always ask people to invest money only in times when they know that the market is down if they are investing for the long term because if you are investing at the peak and then waiting to get profits in the next cycle, that's not good because you would get more profit if you don't buy now, wait for the bear run, buy when the prices are extremely down and the market has crashed, and then sell when the bull run comes in the next cycle.

Those who wish to buy and sell for the short-term so that they can get some profit instead of waiting for the bear run which will probably take some time, they can go ahead and buy at whatever price they want because they will always get an opportunity to sell their assets higher because the market is volatile and it is still not at the peak, as it seems.

Not everyone can buy bitcoin at low prices like during the 2022 bear season, and many people bought bitcoin at 65k-69k$ 3 years ago as you mentioned. If someone buys bitcoin for $69k and 3 years have passed and they are still losing money then clearly bitcoin is doing very badly in their case. So you're right, whether bitcoin is doing well or not depends on each person's thinking, depending on the price at which they bought it.

This is why I always oppose some people who advocate newbies investing in bitcoin without looking at the price. It is true that the market needs liquidity but we should not advise others to buy bitcoin when we are at the end of the bull cycle and bitcoin has peaked or is near the peak. Many people say that those who buy bitcoin at 69k in 2021 will not lose money because they have not sold bitcoin, they are not wrong but to me, it is a failed investment because it has not generated any significant profit for 3 years.

Of course everything that happens has a process, the rise and fall of Bitcoin is a normal thing to happen. But if we want to be honest, we hope that the price of bitcoin can be at a lower level so that it can create large accumulations. Not everyone has sufficient capital and in these conditions they must have other strategies to collect. Waiting for a decline also doesn't necessarily mean people will buy because they will wait for another decline.

Without a strategy we don't have the ability to see opportunities and we will be left behind in the next bullish era for profits. So there are many things to consider so that we can continue to collect bitcoins even if we use the DCA pattern. Many people can only talk but don't have the courage to make a purchase, especially when they see the price of bitcoin is so high. Long-term investors will find it much easier because they can buy at any price as long as they dare to hold for the long term in search of profit.

Even greed can be used in a way that would profit you. Greed can make you forgo the plan to get more profits on a trade while in the market and the trade is heading towards your direction. Greed can make you adjust the plan to suit existing circumstances (drafting a new plan) but, can we really call that being greedy? I can’t say but, too much of everything is bad and so long as you’ve made profit or are making profit with a procedure enacted, it’s good you stay the course as you don’t only profit from it but, reaffirm yourself in your strategy.

Also, it’s very impossible to have a some worth stable price for Bitcoin or the fact that, price can’t half after a bullrun. Maybe a lot of users tends to forget we still have the bears in the market and they always gets to pull price down and mark the dip for a session.

This all means there is a process before it skyrockets. Because that's the current economic condition of Bitcoin, the best thing is to carry out a buying accumulation. It's just that it won't be that easy because not everyone has free money to do it.

And now the price is indeed good enough to accumulate again before it skyrockets. At least, isn't the real bullish era predicted next year? So we still have several months or even 1 year to prepare it. So the hope is that when the bullish era and Bitcoin prices skyrocket, we will have the provisions to take profits. This is for holders who have a certain time period and price target. Except for long term investors who don't think about the time period and price target, the strategy might be quite different.

Of course - you don't need to force them to change their perspective on bitcoin, but if it's your friend then you should be able to bring something of value to him especially if you want to help him improve financially.

So far I'm not someone who has any desire to argue with those who don't like bitcoin - if I find one of my friends falls into that category, I'm likely to leave him and his perspective alone and start a new topic. Of course there are exceptions - but I rarely argue with those who are anti-bitcoin.

I don't want the price of Bitcoin to skyrocket because I am worried that I can't buy in a slightly greater amount. Let the price of Bitcoin run as it is now, where there are times when it has decreased and there is also a time to increase. The two points you mean because people do not understand Bitcoin's journey so that thinking is always late to invest. Yet if you pay attention there is no word late as long as we can continue to invest in responsibility with the capital we have.

And vice versa people who consider Bitcoin to perform badly and now ask them. Did they see the development of Bitcoin from the beginning to now? Doubts will continue to follow people who don't want to learn and they will continue to be left behind because they think too simple. Whereas now Bitcoin has shown big changes which make themselves the best investment.

Certainly many people want the price of BTC to rise quickly and skyrocket quickly to $100k or $80k, but of course if we look at Bitcoin's history of price increases from time to time, of course we can see the positive things that BTC provides to long-term holders and Of course, up to now it can still be said to be good.

But of course, recently we have seen a correction occur with bitcoin, where after touching the ATH price, until now there has been a correction with the bitcoin price. It seems like people who are disappointed with Bitcoin are those who bought BTC at a high price so they definitely want to see the BTC price rise quickly to a higher price, for example $80k or $100k, and usually people like that are still beginners in BTC. because people who are experienced in BTC will certainly not be disappointed with Bitcoin because Bitcoin has never disappointed them so far.

this is a good topic op yes hopefully there are many benefits yes hopefully we can see the price of btc continue to rise and touch $80k first and after that go straight to $100k. Yes, of course for those who feel they are late in BTC, hopefully they can understand the condition of BTC and the BTC cycle and the most important thing is that knowledge must be prioritized because usually those who are disappointed with BTC are those who don't prioritize knowledge and most importantly they must be prepared for the risks of investing in BTC. when want to invest in btc.

There are a few points I'd like to make here.
First, there is of course a lot of greed when it comes to investment, including Bitcoin investment. People want more profit and can't seem to get enough even when things are going well, as they've been for Bitcoin at least since March.
However, my second point is that it's true that the price a year ago was half of what it is now, but it doesn't show the full picture. The price was also a bit higher in November 2021, which was a little more than 2.5 years ago, and it was almost the same in April 2021, which was more than 3 years ago. So there is reasonable concern regarding long-term investment if the price was the same 3 years ago and Bitcoin doesn't seem to be able to grow significantly beyond that.

If some would say that bitcoin is currently performing poorly, I would actually not mind them. And I won't spend money for them just to change their perspective towards bitcoin. After all, bitcoin won't be affected by how they see it, unless if the market itself will not cooperate with bitcoin movement. And maybe if they always perceive bitcoin not a profitable asset, then it's time for them to leave bitcoin, not to criticize them.

In my own perspective or should I say the way I understand people and hi how they act with bitcoin price is accordance with how they invested. although bitcoin may have grown from the dip sleep of $22k to $25k-$30k...$73k and diped to $61k and below, and people are still complaining, sometimes you wouldn't blame them because most people invested when it was high and after which it fell below expected while some invested when the price was dip. So surely people act accordingly to who they get vs what the lose. A person at advantage may not border about the sudden dip because he bought way back when btc price was around $22k so even if it dip to $40k or below they are still at advantage compeard to new investors who Invested around $65k and it fell to $61k

If one of your colleagues falls into category number two - then don't hesitate to take them out for a meal at an expensive restaurant and pay them out of your bitcoin profit, it may gently change their attitude.

I admit that bitcoin's performance from November 2022 until now tend to be more and has provided worth it return for all its investor. If they say it's not worth it - then maybe they're not investors, but rather day traders who lose money at every turn. Anyone who has invested since the beginning of 2023 - then they still feel big profit, even if during June the price drop.

People who are not pro bitcoin can tell all they want and that's okay because bitcoin is always an open discussion. But for me who has witnessed the past and present of bitcoin, I would not agree to those who insisted that bitcoin is performing poorly. Bitcoin is currently in progress, that's why a lot of financial institutions have become interested about bitcoin. And when it comes to price performance, I don't think if it's price suddenly drop down, bitcoin isn't profitable anymore. Bitcoin is highly volatile so expect that at times it will be pumping and at some point, we will see its price dumping, and we can't hold any of that.

Things can change quickly and we never know what's next. The formation of a new ATH before the halving was basically supported by the approval of ETFbitcoin, of course because of this there was a sign of large funds entering the market which made the price of bitcoin reach its highest price. This is also new history for Bitcoin, but we still expect super high increases over the rest of the year and into the next year.

I'm optimistic about the future and that's why I'm still going. You still have to strive for accumulation to build a better portfolio, but you still have to consider other things, including having a reserve budget and so on, not just investment.

Yeah I heard so,  I am a newbie in bitcoin and I hope to be favored.

different people have different objective and agenda towards bitcoin existence, some people even did today or till now there are not believing that cryptocurrency especially Bitcoin willy stay to the extent of lasting the now so it was been introduced in 2009 and since then it has been performing Across The Nation so which we all know that this currency have integrity and they also a policy so I don't know why someone will think that bitcoin is still a performing currency anyone who thought of that I will agree with you that is still a beginner in anything that has to do with the Bitcoin and the other currency, from when bitcoin was established till date I believe that bitcoin has already has a firm.

If you have been on this market for years, the drops that we're seeing won't affect you a lot. Whether you're a long term holder or casual holder but believes that something is up in the upcoming months of Bitcoin.
 
We're all waiting for the best.

We won't be discouraged with how it is right now because it has dropped a lot after hitting the former ATH and the new one.

And as the title says, there's no problem to it as it's true that currently, it's fine.