Topic: Bitcoin is performing just fine currently (Read 871 times)

During the 2022 bear season, bitcoin fell from $69k to $15k and everything was fine. Compared to the current price, it can be seen that Bitcoin is only down 20% from the highest ATH of 72k$ and that is not too significant, so I was a bit surprised when bitcoin fell from $72k to $53k, many people thought it was unstable. We don't know how long this correction will last or what the ultimate bottom of the correction will be, but if it drops below $20k it is normal because high volatility is the nature of bitcoin. Those who think it is unstable mean they are not ready and are not suitable for bitcoin.

The anxiety on the market is caused by newbies, who are butthurt by the price drop. There will always be bearish analysts and bullish analysts. Some people will keep preaching about an upcoming bull run, while other people will keep preaching about doom & gloom bloodbath on the markets. The price will always go up and down, the price volatility will never end. The summer price drop was pretty much expected and somehow everyone starts acting surprised that the price dropped. Saying that the BTC price could go down is nothing but FUD and speculation at this point. The price might really go down to 40K, but that doesn't mean that it won't recover.

Bitcoin rapid downward trend seems to indicate that Bitcoin is in a deep correction mode and there are even rumors that it will go further down.  Many analysts believe that the next target could be $40000.  Right now there is a lot of anxiety in the market.  Some experts are saying that this is only a temporary dip, which will help stabilize the market.  But on the other hand, some fear that this correction shows a long term bearish trend.  In such circumstances, both making new investments and holding are challenging.

It is not moving fast enough, you said it yourself. The thing is that bitcoin's trend is upwards, exponential even, which means this current trend is not up to par nor to the expectations of the people within the space, especially those who expect bitcoin to be at a solid 80-ish or 76k at the very least this point in time.

At the end of the day, nothing too out of the ordinary, nor a cause for concern, we're still on trend, for one. There's always a massive decline in bitcoin price after the halving, we haven't gotten that until a few days ago, and we're expected to test this before we can really get going.

People shouldn't focus too much on the statistics nor the numbers cause bitcoin's more dependent upon the people who invests in it rather than the market behavior. If we start paperhanding now we'll definitely lose money and may even lead to the death of the crypto titan.

Bitcoin is still currently fine, what we are seeing today is just part of its price correction and once it's over, we will witness a good price again eventually. However, not everyone has the same mindset. Some might panic with this current price decline, but others remain calm and still hopeful. But in general, I believe bitcoin is still doing good, regardless of how its price is experiencing a current decline these days.

Many people seem to be quite naive and still give high expectations of the Halving that can make bitcoin shoot to a higher price but they are not aware of the volatility that is owned especially with the previous rapid rise of bitcoin from the price of $15k to the price of $71k it is clear that there must be a correction first to make them resume their rally.

But in the end many of us hope that bitcoin continues to accelerate to a higher price so we don't want to accept and always panic when bitcoin is at a price that shows a temporary decline. As you said in your title, currently bitcoin is fine, there is no need to worry about anything for now because we are still in a comfortable zone and we only need to enjoy the process so that when we reach the finish line we can feel the sweet taste of the process we are doing.

Thank you oo for this write up, I think those who think invest I'm shitcoins will bring quick profit should make this comparison to see how far the coin they prefer to invest on has gotten to. For those that want bitcoin price to increase very quick , I think they lack patience . The price of bitcoin is moving very fast . For those that real understand bitcoin and can also see the potentials of bitcoin won't bother and be desperate for the price of bitcoin to increase very fast as they wish.

In reality, not all bitcoin holders currently have big targets for their profits, while some of them have made bitcoin a store of value compared to fiat. Bitcoin is better than fiat whose value continues to lose over time, of course this is the reason why bitcoin was chosen as a store of value when fiat experienced quite severe inflation.

Most investors certainly target profits that are commensurate with their investment time frame, but as long as they make a profit there is no point in complaining and they should be able to sell it based on their needs and desires. There is a time to buy, accumulate and convert into fiat, while there is a time to reinvest when the market has several cycles that can be exploited.

It can be said that the market is never wrong, only our strategy is wrong leading to our investment losses and we should find a way to fix it instead of just blaming it for not working well.

Those who just like to blame and complain every time the market does not go as they expected will sooner or later lose everything they have. The market will always find a way to take all our money and that's how it works, so we should find ways to adapt and deal with it instead of complaining and falling into its trap. The financial market is like that, it is extremely fierce.

Yes. The price from one year ago doesn't matter for someone who started buying few months ago. If he bought BTC for 60,000$, he will want to see it at 70,000$ or 80,000$, so he can call it a profit. Also, even for early investors it's annoying to see Bitcoin returning to previous price marks, because time is money, and the longer they hold, it means less time they are going to have to do what they would like with the money. If you hold for few years, you surely will want to see according profit after that time period, otherwise the investment won't be considered profitable or worthful.

It is his opinion that people will invest according to their will, many investors are disappointed when the price of Bitcoin falls and some investors find enough time to buy the dip again. So currently it is not possible for Bitcoin to ever rally before the bull run, it will be possible if we wait and patiently wait until 2025. Then we can see the price of Bitcoin hit the highest point.
Bitcoin is moving at its own pace, because it is not controlled by any particular person. So we should just be patient while investing in Bitcoin. Everyone knows that the maximum profit can be achieved only when the price of Bitcoin rises, but then there will be no more opportunities to buy. So it is normal for Bitcoin price to go up and down, so risk has to be taken.

Before deciding to invest in Bitcoin which has high volatility, it is very important for us to have a good plan for the investment that will be carried out, because without having a strategy and good planning, of course it will be difficult for us to make a decision to invest and it could also be that when when we invest when the market is experiencing an increase of course we have to wait longer to be able to make a profit and when we make a mistake like this of course we cannot blame the situation and it is purely our own fault in deciding to invest.

As you said is very correct, when the investment we make is not in accordance with what we expected of course we have to re-evaluate the strategy we used and go back to correct the mistake and try again after we feel ready and we have to do our best and don't blame other things for the failures we experience.

In short, bitcoin is a financial market and volatility is inevitable. Whether we make a profit or a loss will depend entirely on our strategy and planning, we can't blame bitcoin or the market when things don't go as we expected. 

If our investment is not as expected, we should take the time to review things and change our strategy accordingly instead of criticizing that bitcoin is not performing well and blaming it.

No one wants a bear market but that is also part of this game, we should find ways to adapt to it rather than blame.

Yes, most of the people have invested in Bitcoin for a long time, and they hold it only for the purpose of making money. People have invested with the plan to get rich by earning money from Bitcoin, many also invest by taking loans, but I think it is better not to do that but investing with your own savings is the best. I think people who invest in Bitcoin blame it on this, it's probably the work of a new user looking for a get-rich-quick scheme. People who invest in bitcoin and think that bitcoin is not good, maybe they did not earn profit by investing, maybe they failed in investment. But they may not have in mind that they have to hold for a long time by investing in Bitcoin, but they have to hold it patiently only then it is possible to make money. We all know how good Bitcoin is, and we have a lot of guesses about its future, but those who are ignorant are the only ones who talk negatively about Bitcoin.

True. They don't see bitcoin as a long term investment, but a get rich quick investment that will offer them profits in just a short span, and we all know bitcoin isn't like that. But I still believe majority still patient with their bitcoin and just buy and hold calmly, these are the type of people who will certainly succeed in the end, because they know how to adjust with bitcoin's volatility, not that bitcoin will adjust to their greed and selfish desires.

Looking from the previous trends of bitcoin, it is just doing perfectly fine the way it’s suppose to be. There are no setbacks or any negative surprises on how it is performing now. Bitcoin is going to continue in this trend and a lot will see the potential it has over other cryptocurrencies when the real bull run begins. In bull runs, some coins are  not making it to the market because of the volatility nature of it, which has made it impossible for such coins to thrive there. Bitcoin is an asset that you can depend on and start your investment without looking out the critics because looking at what they say is the beginning of failure in the  market.

Bitcoin is actually doing very well historically, and see it that for it not to have gone that far is enough privilege to those that don't have to buy now and those that have but little to buy more as it is the amount of Bitcoin and how long one have hold Bitcoin that will determine the level of profitability. However, Bitcoin has not underperform as it has made a significant increase in price and value and it is never too late for any considering buying or havingBitcoin in their portfolios more especially if the plan is to buy and hold for long term.

Those kind of people will most likely lose most of their money at some point during their journey, and that is because they hold the mistaken thought that it is the market that needs to adjust to their desires, when the reality is that it is the investor that needs to adjust, as we do not know exactly what the market may do at any given time, eventually some of those investors may learn their lesson before it is too late, but the majority wont and it is a shame, since they could have saved themselves a lot of money by simply holding to correct understanding out of this market.

I got to know about Bitcoin since 2015, and started investing the same year. From then till now is a huge difference. But the thing is, every year there are people who are buying at the new price, or maybe old investors who have withdrawn profit and are starting all over again, they will always have a high expectation of price for Bitcoin, because they all want to make profit from their current investment, that's why you will always see people complain about the price.

If it is just latency with investing on Bitcoin, then those are just reasons scared people are saying. Given the concept of Bitcoin having limited token supply and demand as its own basis for the market price, it is safe to say its market price could be higher than how much it is priced at this moment. As long as Bitcoin is having a value then it is for me, performing well, just not better with what most of us are expecting.
i agree but only time could really tell what's happen to Bitcoin's market value. It is just full of possibilities wherein a crash could pull its market price down or push it up. People who panic are most likely those who cannot really afford the risk this industry is having. For now it would be best to wait for things to stabilize and recover the way we all used to.

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.

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.

Some people can barely be convinced by anything, no matter how good it is, they always look for better than what they are getting because they are never satisfied with the results. The group of people we are talking about here is from the same category, even though they can see that Bitcoin has gone up from its previous price ranges, they are unhappy because we see regular corrections and they don't want that to happen.

People need to understand that ups and downs are a part of the market, it's not possible for something to keep going up, what goes up has to come down, and besides, what's the fun if there aren't corrections? They provide us with opportunities to invest more so that we can get more profit over time, so we should take these dumps and corrections positively.

I don’t even know what category I fall because it seems I’m already a victim of the both categories.
I already met bitcoin as at when it was still struggling even at $27k during the bear market and that’s a whole lot of profits if invested, I think about 150% profit if I’ve invested as at then but I didn’t because there was actually no fiat to do so and frankly there’s no regrets but lessons.
And I think at some point, I’ve thought by now, bitcoin should have already done $100k as speculated but I’m not surprised it’s below and what actually matters is that a new All Time High(ATH) price was achieved after the halving.

I’ve learnt not to put pressure on anyone or thing and that’s why I’m not even trying to expect more from bitcoin because I think it has already done very well but I also wouldn’t be surprised if a day comes and bitcoin is no more but I never pray for that, because bitcoin has proven its self to be the hope of the common man.

To buttress your points more, since the beginning of last year (2023), the bitcoin price chart has only had five bearish candle closed from a total of 16 months. So the rage from some investors to me are just baffling but in real sense it’s not that too surprising because people only want an uprising and not thinking that the more the price rises the more people get to their profit target and take them. Bitcoin is not a get rich quick scheme or that highly volatile that we see many xxx in a short period, in as much as demands grows so will be the case of supply later.


This intuition is mostly due to the upward drive caused then by the ETF approval. The hype around the approval caused the market to create a new ATH before halving and investors went overly bullish on the market not knowing that there will be a correction after on. This correction phase is where we are now, for anyone looking to buy more this is the time for accumulation as the fear index greed is reportedly below 50%.

Human beings are insatiable with their needs, From your analysis and the realities on ground, Bitcoin have been doing well. most onlookers or investors are just agitated for the price to just skyrocket to $100k, forgetting that withing one year, we've had significant increase in the price of Bitcoin.

Those social media people should understand that the cryptocurrency market especially Bitcoin service's as an investment opportunity for a lot of people, so if there is a reduction in price after hitting a certain ATH, it gives investors an opportunity to accumulate at an affordable rate, which may be previously they couldn't because of the high price, so they should understand that the market is not always bullish.

Indecision is killing many and they never know, we already had the bitcoin market price recently on a bearish trend and it dips down to $58,000 and that is what some are taking as an excuse not to have invested because they think it will always go bearish, but to the contrary, today the market price suddenly performed well and get to $62,100 and by now, they will be regretting not investing on bitcoin before the surge.

The reason for why they're complaining why the pump in the bitcoin price is from the fact that most of those who moan and groan to complain about the slow pace are either newbies or hodlers that have been waiting for a price pump of a lifetime that it's making them impatient. I don't know about most of you but I do think that bitcoin does take slow at times but I can get why it does sometimes and people are just too ungrateful about bitcoin going up in prices in the past that month that they've forgotten how fast bitcoin can also go up in prices too and it just so happens that in a long-term investment game, patience is going to be the key.

If I can get into the minds of people or a second group, they lie between what they say in writing and what they have in their minds.
They actually admit in their conscience that Bitcoin is doing well compared to other coins.

For those who complain about the slow movement of Bitcoin, I think this is also divided into groups. There is a group that is so new that they really don't know the price history of Bitcoin which we can assume is normal. The other group is liars.
As you said, everyone wants the price to skyrocket but it takes stages.

In short term or medium term, like weeks, months or even two years, the Bitcoin market can be boring with many people but they forget that, if they zoom out, and if history repeats, big growth in price will be seen after 4 to 8 years. This year is 2024, 8 years ago in 2016, what was the higher price in 2016 for Bitcoin.

Bitcoin market can be boring now but will it contiune to be traded around $60,000 in 2028 or 2032?

If they already believe in Bitcoin, focus on long term to get massive profit from Bitcoin investment, they can simply ignore this year. Movement in this year is not important if they can take profit at $120,000 or $150,000 easily in 2032. Like now they can sell Bitcoin easily around $60,000.

Those who invested at the rate of $70k and thinking that the price will hit $100k and when the price didn't rise again instead coming down then they would panic. Under performing is an understatement because is a volatile digital currency which is not stable in one place and it is the movement of volatility that makes bitcoin more interesting to invest. Because people would like to invest when the price is down and like to sell when the price is up. And when people or investors invest in the time of high then they are also thinking that the price will rise above that amount in the present time of their purchase.

And as I said those who are unimpressed are the investors invested when the price was above $60k and now that the is &/$60k and below them you don't think they would be happy about it but they have to know that bitcoin is just like that because nobody can predict the next move of the price.

I wouldn't say that we are unimpressed, but we have seen $73,000, a new all time high. We will be impressed if we will see the price going into $75,000-$80,000 by this time. And it didn't happen obviously as we are somewhat struck to $60,000 when there are lot of people who are looking for a huge jump since we've we are months already from Bitcoin halving.


And that is the expectations and if we don't get to it, there could be set of people that are going to be disappointed. It could be a normal thing though, it's not that we will get everything, we could be frustrated and dismayed, but it could be good in the long run as we learn how to get along with it and accept.

Maybe it is because of me that the price of Bitcoin has not gone to the moon just yet because I have not met my objectives, so BTC is waiting for me to reach my accumulation target before moving . Indeed Bitcoin have done so well within a space of one year and it is worth celebrating.  I remever when price lingered in the "don't wake me up region" after which it broke out and we were so excited that price finally moved and that was even sub $40k. Today Bitcoin is sitting comfortably at $60k yet there is serious dissatisfaction in the Bitcoin community. Well, don't blame people because the expectations were high that the combined force of the ETF and the Bitcoin halving will send the price above $100k. This was the expectations of many Bitcoiner but as that didn't happen just yet, many have become frustrated with the waiting.

But we must understand that the market will do what it wants and that no one can completely decide what path it will follow. Our best approach should be to think long term for therin lies the peace of mind needed by every investor. I have the feeling that the price will surge just when no one is expecting

It is because the barometer of those that do not like what is happening now is from the ATH. They do not appreciate how the timeframe from a year ago is better to be honest.

While the comparison is off if you will have a look from today's dump. It certainly is a bad timing for those who have bought at $70kish.

But overall, people just need to be reminded that they need to zoom out when in doubt.

It’s not performing poorly however I do understand if people become a little disappointed with the rate of bitcoin going up. To be fair, I don’t think bitcoin is doing bad but we all want it to rise as quickly as possible.

Many thought that due to the halving event, the after effects would be so explosive and its stagnant price came as a surprise. Despite the disappointment I still believe bitcoin will soon rise. It’s all about time and waiting.

This is a discounted price to buy at. If you zoom out you can see the sky-rocketing rise of bitcoin price over the years and then only you can make proper conclusion about how it is performing.

However I get the idea, certain people are looking for the short term gain, they probably bought at 63-64k USD and were willing to flip at 65k USD, not they have to hold for some time longer. Like I have said, bitcoin is something for the long term, short term is difficult to predict.

Those who have been watching BTC for years, know that buying time come in once bitcoin drops under 60k.

It's obvious that a lot of people are looking into bitcoin as their express ticket to riches, hence why a lot are still unhappy with bitcoin's price performance despite holding on to $60k for a long time. These same people are irrationaly thinking that we can easily breach several milestones in a short span of time without taking into account the overall amount of money that needs to be pumped into bitcoin for that to happen.

The fact that this price range used to just be an ATH a few months ago and right now we're maintaining it is something even better than any inconsistent and extremely fragile bull run. I'd take the current stagnation over short-term extreme increase in price any day.

Every bull run has consolidation periods where the price seems stagnant & isn’t rising. Also every bull run so far has had corrections that scare less experienced, cowardly investors & makes them sell. We are currently in the midst of what some might see as reason to panic. There is no need to panic though, Bitcoin is doing just fine. I predict we end 2024 over $75,000 per coin.

Overall I agree with what you're trying to say here. It's been like this for as long as I can remember as well. Don't forget that the following is one of the oldest memes in Bitcoin World:

People expect the market to always be volatile and something crazy to happen, and usually they expect that thing to be a massive jump up. When that doesn't happen, they start talking about poor performance.

From a global economy perspective, I can also say that bitcoin is performing more than fine. Don't forget we have a recession+inflation going on in most of the world with high "sticky" interest rates. Such an economy puts a lot of sell pressure on markets like bitcoin that are considered "high risk assets" since people tend to liquidate such "assets".
Bitcoin had a bull run over the past year.

We saw this in the crash of 2022, something we have been recovering from in the past year, but we ARE recovering which is what the good performance is.

Every day's bitcoins performance always becomes memorable to us and we can really see a huge improvement even just a one-year comparison.



We could say that we should not stop expecting more from bitcoin, believing it continues to grow rather than seeing it low. I know those people who remain skeptical about this green opportunity with not feel the urge to invest. What we have now will point out that despite the banning of bitcoin in some countries still it shows progressive and unstoppable growth. That gives us a clear view of where the future of bitcoin is going --that is on the bright side.

You're kind of forgetting that we were at 69 also in April 2021, three yers ago!
I love that when panicking some coiners start to grab whatever time period is convenient and try to shove it in the face of others calling them stupid and so on and on! The fact is that it was a bit disappointing, we had the biggest event with the launch of ETF and the major money injection ever, and we just managed to get to the 2021 bullrun.

To make it clear, if bitcoin drops now in a bear period to 20-30k but recovers in 20027 and goes to 80k, would you cheer it as an achievement?
You have to understand your average Joe, the one you bombarded with memes about Wall Street money, he sees Wall Street money coming in and he sees an ATH the size of the one with no Wall Street money, can you blame them?

People on social media are mostly retarded and broke (while faking being rich), why would anyone listen to what they have to say ?

There is another thing to consider that years before did not exist in bitcoin and that is the sheer amount of people aware of it. yes bitcoin was already growing popularity in years prior but now we see it more and more even becoming a feature in political talks.

In short, more eyes are now on bitcoin and these eyes are expectant and impatient. Personally I find it a blessing that bitcoin has not reached a new ath just yet as this means I can still continue to buy more bitcoins at a relatively low price

The bull run is still here and not ended yet. It's hard to think that the bull run as a start for a new market cycle that usually lasts four years in previous cycles, will stop only 2 months after a halving in April 2024.

It's harder to believe that a new ATH is only a little bit higher than 2021 ATH and if we count inflation issues of fiat currencies since Covid-19, it's difficult to consider highest price in 2024 is a new ATH.

Many months for 2024 and 2025 bull run to complete, it's not time to feel uncertain and fearful.

I think there is something you didn't mention or do I say you are skipping it?
Yes let me recall your attention and refresh your memory towards this that those who are complaining or lamenting of sudden drop of bitcoin price are equally right to say because when they invested at 73k and expect the price to hit 100k but instead it was on the reverse so they must complained and tweet whatever they want. If you say that bitcoin was 69k those who invested at 50k from the last ATH before this new ATH are still now in a profits therefore they wouldn't lament much on the price except those who venture into the market at the pick.

Anyone who thinks bitcoin is under performaning must be a newbie in the bitcoin world. I have been in other forums and even newbies too do understand that bitcoin has been great.

If anyone wants to invest in bitcoin they must look at the past of bitcoin and make decisions from their. bitcoin will always be bitcoin by repeating patterns.

So history is enough to teach everyone.

Recently, I have seen often talking about how Bitcoin is not going up fast enough, I usually see this mostly on social media. I haven't really seen it on this forum but I'm bringing it here just in case there are people here who have similar views

Almost exactly a year ago, the Bitcoin price was $30,534 on the 27th of June 2023. This was a year ago and at the time, this was a pretty impressive price because Bitcoin just hit $30k. A year from that time bitcoin is at $61, 423 (at the time of writing), that's a 100% increase in price and a 100% profit if you invested at the time.
A few months ago, we were celebrating Bitcoin at $40k, so how come now that Bitcoin is at $61k we're unimpressed? How is $60k looking ordinary when the previous ATH before this year was $69k?

I understand that we all want Bitcoin prices to skyrocket (which it's actually doing), but that doesn't mean Bitcoin is performing poorly. A lot of people expected Bitcoin to get to $100k immediately after the halving, but by history, it's usually not so.

In conclusion, this post is for two sets of people;
Those who believe it's too late to invest in Bitcoin because you can clearly see how Bitcoin has grown in price in the past year.
Secondly, the post is mainly for those who believe Bitcoin is underperforming because it's not at all.