Topic: Bitcoin is performing just fine currently - page 2. (Read 541 times)

Bitcoin is doing perfectly ok. If not that the price history of Bitcoin took a different tole this year and was able to give rise to a new all time high even before the halving event took place, by now the price would have still been around $45k - $55k but instead bitcoin surprised investors by giving a new ATH before halving.  There was some prediction I saw lately which even suggest that Bitcoin price might drop below $60k between now and ending of the year and I know it can be possible because hopefully we shall still see a huge price pump before the end of next year.

People still do not comprehend why they should study; you cannot do anything without knowledge of bitcoin. Only when you have information will you be able to make money since there is so much to learn that even if you want to hold, you will not be able to do so. Knowledge may not help you overcome fear. But withstanding fear of being inbuit. The problem is that even with even if you have been holding for long when you see the price coming down you won't feel happy at all because the money you worked. To invest you need to be financially okay and to stay you have to have patience because you won't want to buy high and sell low. And you have be good in management so  that you don't end up selling what you already have. Adding up to what you have will be the best option.

Hmm, History is enough in the favorable conditions, just for the sake of argument let me portray an idle situation in which the government started a crackdown where they will punish hard those who own BTC and use any of such services related to it, will history be enough for you to believe in the future potential of the Bitcoin.

I know its a little bit idle situation never gonna happen just consider it for the exception history with favorable circumstances is enough, if Bitcoin is performing due to some reason and i say Bitcoin is underperforming or anyone else says that you want to call me out newbies I dont mind bro.

About 2 years and 6 months ago Bitcoin was at $18k when I made a small investment in Bitcoin and Bitcoin has reached $73k. I was new to Bitcoin then and I have now understood so much about the market. I started investing in Bitcoin when it was falling and I got scared seeing this situation, when bitcoin was at $34k, I started investing and DCA Bitcoin, I went down to the bottom which was quite a stressful situation as I was completely new to Bitcoin and the crypto market, but after two and a half years, I have realized that Bitcoin is a great investment.

And yes, I also regret that I saw Bitcoin at a price where I could have profited a lot but because of my fear and lack of knowledge I missed a good opportunity, now it may not be that I have a good understanding of Bitcoin and have gained a lot of knowledge about the crypto market within these three years, but new people make the same mistake I did.

However, when the market starts to drop, many people who are new to the market start panicking and asking if the market will drop further, or if we will have to wait a long time to recover our money. Or people who are panic sellers sell coins at a small loss and do not get any profit from the market.

I think all this work is due to knowledge the more people know the more benefit they get.

One thing that I have realized lately is that having knowledge of bitcoin helps you to utilize the opportunity to buy when the price is low but another thing is the ability to withstand fear and panic when the price dips more even lower than what you bought. How many people can keep holding when the price keeps going down? a lot of people understand the price movement of bitcoin but still has the fear of taking the advantage of the low price to increase their bitcoin holding this
Is because they lack the financial capacity and patience to keep utilizing the knowledge they have got to maximize their chances of investing for their future, on this ground I think it takes a good bitcoin believer who understands the price movement to keep acquiring bitcoin and it takes his financial capacity to endure when the price is yet to increase I think having knowledge alone can't help a lover of bitcoin to buy when the price of bitcoin is low.

Its not all the bear market that leads to dip, in some situations, you will discover that it only serve a way to launch the bull market ahead and anyone that fear and sell during that time will definitely loose, because we have to first of all consider the season we are into before jumping into conclusion, so from what you have highlighted here, its true that many are just too forward and faster about making profits on investment than being patient enough in waiting for the right and appropriate time to come,

If you want your capital to multiply by 2x, you should able to accept your capital be down by half. It doesn't make sense if you want to grow your capital, but you didn't want to take any risk, if something offer like that, it's definitely a ponzi.

The first group is people who only want to earn by investing in Bitcoin, but didn't even understand what exactly Bitcoin is and afraid whether Bitcoin is real or not. That's why when the price goes opposite against their speculation, they will immediately sell it.

That's why knowledge is the first important thing to attain if you want to start in bitcoin or if you want to become profitable in bitcoin, if you can gather more knowledge and growing your knowledge about bitcoin then you will surely make a profit, that is the thing that many investors forget about bitcoin, many get into bitcoin because they got hyped and hope that if they enter in the market they could earn, simply they abandon the knowledge and skill part and go straight to the profit as that is their main objective, we all has that objective but it is not good that you will be too desperate to earn through bitcoin without working hard for it. So if you want to have a minimum losses which is part of the process, then hone your skills and gather more knowledge when it comes to bitcoin first before you could attain a good amount of profit.

It is good to buy BTC when it is low, but take note that you can only say this because you have some knowledge about how the price of BTC moves. I can assure you that if you are one of those weaker hands who buy BTC when the price is very high, you'd be concerned if it dumps and accumulating more wouldn't come to your mind. It is easy to understand and like i said in my post earlier, for you to understand why people complain, you have to find out when they bought.

well we can definitely see how there are two kinds of people in this world

one are those who see bitcoin's price being low and thinking that it may continue to go down so they do not want to invest in it because they believe they will just lose their money

the other one are those who are happy to see bitcoin being low because this means they now have the chance to buy bitcoin

confidently i belong to the second group of people i see btc crashing and i immediately buy as much as i can

If in a year 2023 to 2024 they can get a return of up to tens of thousands of dollars, then it is clear if they complain without knowing the data. Compared to other coins, in my opinion Bitcoin works quite well despite experiencing several incidents that make price reductions.
The benchmark is not only lies in the price, but there is more than the price that makes Bitcoin work quite well.

Good Bitcoin performance makes some other investors turn to Bitcoin. They can see the comparison so that the decision to switch to Bitcoin is a good decision even though it is a little late.

Isn't that how Bitcoin moved normally over the years? Haven't we seen Bitcoin go so high and drop so low just before it goes up again? Isn't that why "highly volatile" is a feature of Bitcoin? So why is this any different? Is it because of the halving?
The halving of May 2020, don't you remember how it went? The year ended with about $28k and then the next year it got to an ATH of about $69k.
I think panicking should come next year when the price doesn't pump, but right now there's nothing to worry about.
The approval of the ETF was what caused Bitcoin to pump that much and like I always said it would only be for a short while and it was.

You should be worried when you see Bitcoin pumping so much within a short period because the same way it pumps up so fast, is the same way it'll dump fast. When bitcoin climbs gradually, that's when we can be relaxed in my opinion.

BTC is performing just fine, but to understand why some people complain about the price, you have to find out when they bought. Take note that weak hands never buy when the price is low, they always purchase when the price is rising and they don't use dca, so they end up buying when BTC price is high and complain if it dumps or if it isn't rising as fast as they imagined.

BTC performs well in the long run, so if people choose to be patient when they buy BTC and not want to get rich fast, then we'll see less complaints about its performance.

It's just expectations in general. Bitcoin rose up to 60k way too fast that most people were expecting it to break through 70k (which it did initially) and further beyond. Now that Bitcoin has corrected itself and is slowing down/trying to stabilize, they're pretty much disappointed since they bought at 70k and are now down lol.

And so far, Bitcoin has been impressive still. Even if we're down to 62k ish atm I'd say it's still in general pretty good. Not for those who bought at 70 though, but for those who bought at say 65, 67 ish it's still a bearable loss. And nothing says they have to sell their coins when the markets down.

Well, regardless of what season we are now, bitcoin performance is always great and impressive. Because if not, then we won't see bitcoin anymore in the market and just suddenly vanish like some shitcoins.

But it's not what we see in the market now. Of course, there are times that bitcoin price comes dropping low after a market correction, but we have seen how bitcoin recovers from it, and until now bitcoin is still working for a continues progress and growth in the market. So bitcoin is totally just fine and we need not to worry about it.

Am glad that Bitcoin is not controlled by anyone nor any central authority if not the price movement will only move in a certain direction to impress and satisfy some set of people. Bitcoin will continue to perform better whether the price gets lower than this it is for a better reason, only weaker hands will be complaining. If they keep complaining like then they should go out and build their own technology so they can manipulate it and see if the task is easy.

Many people are letting their feelings go along the way of investment. The same people who know that volatility is something that is part of Bitcoin and that Bitcoin cannot move in a particular direction for a long time without fluctuating is still the same inpatient souls that wants Bitcoin to go to 100k before they wake up in the morning. What is now the point of understanding Bitcoin investment when they still act ignorant of the nature of the investment?

Just like every other cycle, we have a lot of newbies that have just joined our ranks and that do not know anything about investing, so they have expectations out of bitcoin that are impossible to achieve, not only in terms of the speed they expect bitcoin to grow, but also when it comes to the all time high that it can be reached this time around, so I find it natural they are discontent with the way things are going, however they are at fault for this and not bitcoin, and I expect that once they have experienced what the market is like their expectations will be tempered, because if this does not happen then they may get involved with coins of dubious reputation while trying to achieve their goals.

Bitcoin can not get to $100,000 immediately after the halving and for Bitcoin to be trading at $61,000 is impressive because I was thinking we will be dipping right now. People are just impatient when it comes to Bitcoin because they want to invest today and get their profits tomorrow. People are borrowing money to invest in Bitcoin because they think that they can make a quick profit and leave the market and this is making them to be panicking when the market is looking paused. Bitcoin has always being performing fine but we just do not notice it because to us, the 10% increase is not big but some stock holders are wishing for their investment to go up 10% in a year but here we are with a 100% increase in just one year and yet some people are not impressed and want more to happen.

Most of the people that are eager to see Bitcoin grow above $100k are either new comers or people that bought recently and want to have their own share of the bull run. Investors that bought between $15-$16k should see their investment 4x atleast from that level because we touch $70k, we hardly see that frequently but people forget quickly or they don't just want to learn.

The first time Bitcoin reach $19k, that was a run from $6k and 5x was seen as a profits, the same in the last bull run when we made $68k for the first time because the crashed that happened was a result of Covid, Bitcoin was already trading above $10k and from that, profit from there should be 6x. Anyone that is not satisfied with this run so far should go and try other investments scams that promises over 1000% on their investment and the magic will happen before their eyes.

Bitcoin perform still good so far although the market is not moves good, especially Bitcoin had a correction in a few days ago. But now, we see Bitcoin price increase and that makes the market can go ups. We can not hopes to see Bitcoin price will still go ups because the correction will happens, especially after the price increase. The correction will comes so we must be prepare for that and we can buy more amount of Bitcoin.

Those who believe it's too late to invest in Bitcoin must change their mindset because they can start to invests in Bitcoin at now while the price is not yet increase high. But if they still believe that it's too late, we can not do anything because that will be up to them. But those who believe that Bitcoin is underperforming must thinks that Bitcoin is on the right track and it will increase in the right time. All they have to do is just wait and enjoy the ride while they can still buy more to have more Bitcoin. They will see their profit will increase if they don't give up.