BTC is being too nice. Most people don't deserve the chance to buy it so cheap. - page 2.

Oasisman

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Quote from: mindrust on June 19, 2022, 01:36:18 PM

When btc was at $60k, people were saying "I would go all-in at $40k. Then $40k came, those people didn't buy and this time they said, "I would go all in at $30k." Then $30k came and went... Now btc is at $20k and those people are still not buying. They will buy it when btc hits $100k. It happened lots of time before and it will happen again. People just love buying the tops.

The mentality is that, they are afraid of buying to a free falling price as they think it might not going to recover sooner than they think or not going to recover anymore.
They tend to buy at rapid upward price trend thinking it won't stop pumping until they get a good profit, and then eventually not profiting at all coz some of these people are going to sell if Bitcoin starts falling again.

justdimin

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Quote from: Mauser on June 20, 2022, 03:29:03 AM

the prices we are seeing right now are so generous. I bought some bitcoins this weekend at 19,000 USD with my poker winnings and my left over vacation money. It's crazy are so many people are selling their coins these days. I am wondering now if it's all panic selling and the sellers are making losses, or if it's some older investors who are taking some profits now. But why would anybody sell right now when they bought their coins below 10,000 USD back in the days. Now it's a good time to stock up on crypto coins, otherwise we cry during the next rally that we didn't buy any.

Well, it is mainly the newbies obviously. People who have been here knows about the current climate and been here before and that is not a shocking thing for us. We have seen crypto get low and we have seen crypto go high, as people who have seen it all, that doesn't really make it interesting for us at all.

I know for a fact that we can't really make it work for us, so we just wait and wait for it to work by itself and go up, after that we can sell for a profit. I have bought from all kinds of places so I am not really a "wizard" in investment, I have bought at under 20k but I have bought at over 60k and all the prices in between, I do DCA but I never felt worried for a second in any of them.

Rigon

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Quote from: virtualdn on June 18, 2022, 03:26:39 PM

The ones who will miss this train also might never see another. Do you really think BTC will be so cheap for the next years to come? Once it goes in the $1xx,xxx zone you better get used to it.

BTC is being too nice because most people don't deserve another chance after they had thousands of chances to buy it cheap and did nothing.

Maybe an opportunity passed. Those who have been waiting to buy Bitcoin have missed a lot if they could not buy at the time of maximum dumping in the market.Those who bought when the Bitcoin market was at $17k but are now in great profit.Maybe I can never expect such a dumping market again.

D ltr

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everyone deserves to have bitcoin I think it's just that limited money makes them not have btc, different people who have more money, what's more, nowadays many new investors are competing to invest in large amounts of btc and hope that BTC will be priced at 60k$ again, only just when that time will come

Crptomagma

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I agree with u that BTC price will skyrocket but then nobody knows when that time will come so we buy the dip and keep waiting for the price to increase and also everybody deserve to hold Bitcoin it is not limited to particular sets of individuals

Mauser

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Quote from: virtualdn on June 18, 2022, 03:26:39 PM

The ones who will miss this train also might never see another. Do you really think BTC will be so cheap for the next years to come? Once it goes in the $1xx,xxx zone you better get used to it.

BTC is being too nice because most people don't deserve another chance after they had thousands of chances to buy it cheap and did nothing.

I agree with you, the prices we are seeing right now are so generous. I bought some bitcoins this weekend at 19,000 USD with my poker winnings and my left over vacation money. It's crazy are so many people are selling their coins these days. I am wondering now if it's all panic selling and the sellers are making losses, or if it's some older investors who are taking some profits now. But why would anybody sell right now when they bought their coins below 10,000 USD back in the days. Now it's a good time to stock up on crypto coins, otherwise we cry during the next rally that we didn't buy any.

NotATether

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Well, the bloodbath came a year early then Sad

but there might still be another next year though, probably like this one.

Quote from: Don Pedro Dinero on June 18, 2022, 11:34:16 PM

I think the narrative that the little man is going to get rich buying a little bitcoin every month is never going to be true again, because the future returns are not going to be like they were in the early years.

This is the last halvening you'll be able to DCA (dollar cost average) your way into bitcoin and make a modest profit. And certainly nobody will get rich out of that - I'm actually glad that narrative is largely done with so that people can stop viewing this crypto as "something we can just buy and it will make us rich" - I mean come on, have you ever seen anyone say if they just exchange foreign currencies for dollars they will become rich?

Leviathan.007

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That's a good point you made, during this time when everyone is not happy because of falling the price of bitcoin, actually, the market is giving the people some discount to buy bitcoin at the cheaper prices, and this can be a good opportunity for the people who couldn't buy bitcoin so far or for the people who want to enter the cryptocurrency market as a new investor, buy regardless of that they should always be careful their risk management because we do not know when the bearish market is going to end and we see an uptrend price movement again.

kamvreto

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MAaaN...!! CUT THAT STUPID SHIT

Quote from: darkangel11 on June 19, 2022, 01:37:56 PM

"Cheap" depends on how you see it.

Someone who bought at 60k will feel destroyed seeing that for some unknown reason it corrected so much. That person will probably be out of money now and suffering a nervous breakdown Cheesy

Someone who bought at 1k will think it's still a good price to take some profit in case it kept dropping.

It's a matter of perspective.

Everyone's perspective is different because they buy at too high a price.
This extreme correction makes those who buy at high prices, of course, will be very depressed in this situation.
Therefore, to overcome this kind of thing, it is necessary to do money management, so that there will be spare money that can be used to buy again at a cheaper price than the initial order. or implementing a DCA strategy is a good option too, provided the capital must remain.

evichi

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The current bear market is indeed an opportunity for crypto investors to buy Bitcoin. Unfortunately, not everyone sees that as an opportunity. One major fear is - how low can Bitcoin still go, before it begins U-turn for up-trend movement. Investors that understand the associated risk on the investment are the ones expected to invest in Bitcoin. Though Bitcoin might be cheap now, it still requires caution before investing in it, and only those that understand the risk involved and are prepared for such risks. Yes, the current bear market offers opportunity for investors.

darkangel11

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"Cheap" depends on how you see it.

Someone who bought at 60k will feel destroyed seeing that for some unknown reason it corrected so much. That person will probably be out of money now and suffering a nervous breakdown Cheesy

Someone who bought at 1k will think it's still a good price to take some profit in case it kept dropping.

It's a matter of perspective.

mindrust

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When btc was at $60k, people were saying "I would go all-in at $40k. Then $40k came, those people didn't buy and this time they said, "I would go all in at $30k." Then $30k came and went... Now btc is at $20k and those people are still not buying. They will buy it when btc hits $100k. It happened lots of time before and it will happen again. People just love buying the tops.

Coyster

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Quote from: wxa7115 on June 19, 2022, 12:53:11 PM

However we cannot force people to buy, they are the ones which must decide to enter the market and if they choose to miss this chance then that is on them, the only thing we can do is to take advantage of it and then hold our coins for as long as we can, as this is the way in which we will obtain the most benefits out of our coins.

I second that, i have always believed that people are absolutely free to think whatsoever that want to about Bitcoin, that is their own opinion and it should be respected, we are Bitcoin believers cause we have prolly seen quite a lot of things that made us believe, we have also done out own research and made up out mind that Bitcoin is perfect, both as an investment and a currency, and that is why most of us use it, for those who do not have the desire to research and find out for themselves, then it is on them; and if they buy other assets they feel are better, then that is their choice.

One thing i have learnt not to do is to panic, over the years my confidence in Bitcoin has grown very large, and i have had no reason to regret that, or to stop accumulating when i see a great opportunity, and for those people that are like me, let us keep accumulating, that is our choice too.

wxa7115

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Quote from: virtualdn on June 18, 2022, 03:26:39 PM

The ones who will miss this train also might never see another. Do you really think BTC will be so cheap for the next years to come? Once it goes in the $1xx,xxx zone you better get used to it.

BTC is being too nice because most people don't deserve another chance after they had thousands of chances to buy it cheap and did nothing.

It is true that it is unlikely we are going to see another opportunity like this in the future, sub 20k prices were almost unthinkable a few months ago and yet here we are.

However we cannot force people to buy, they are the ones which must decide to enter the market and if they choose to miss this chance then that is on them, the only thing we can do is to take advantage of it and then hold our coins for as long as we can, as this is the way in which we will obtain the most benefits out of our coins.

YOSHIE

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Quote from: virtualdn on June 18, 2022, 03:26:39 PM

The ones who will miss this train also might never see another. Do you really think BTC will be so cheap for the next years to come? Once it goes in the $1xx,xxx zone you better get used to it.

Who cares, cheap and expensive, few people think of Bitcoin as an investment method, people are no longer chasing the running train, they are now smarter than they thought, let the train run and retreat, Bitcoin $1xxk or $1xk is not a big problem for them, the trading method is more efficient for Bitcoin now and in the future, now don't talk about the train phenomenon living in 2010.

Everyone has a chance on Bitcoin now, people are really enjoying $21k to $19k two hours then back to $21k and another four hours back to $19k, what is a bad opportunity for Bitcoin users, "no", that's the current method for Bitcoin.

_BlackStar

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Quote from: virtualdn on June 18, 2022, 03:26:39 PM

The ones who will miss this train also might never see another. Do you really think BTC will be so cheap for the next years to come? Once it goes in the $1xx,xxx zone you better get used to it.

There is no reason to say no about the bad possibilities that will be experienced by traders and investors because actually a dump is the opposite of a pump. If you think pumps and ATH are something bitcoin can achieve, then why not the other way around? I mean dumps and lower prices are possible regardless of the time of day.

Quote from: virtualdn on June 18, 2022, 03:26:39 PM

BTC is being too nice because most people don't deserve another chance after they had thousands of chances to buy it cheap and did nothing.

Bitcoin is too good for strong hands ^{[big capital owners]} but maybe not for weak hands. It's hard to convince a fly that interest is better than dirt, so bitcoin isn't for the weak without long-term goals.

kryptqnick

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Frankly, I don't think "deserve" is applicable to investments. The price is very nice, and I think those you the op might refer to as not deserving to buy at such a good price won't buy anyway because they're skeptics and despite multiple times when Bitcoin recovered from situations that were no better than this one, they're probably thinking that this is the end, and that it will never go up. I, however, think the current situation is no different from any previous major fall. I did think the new low would be higher than it already is, and who knows where the bottom will be this time, but Bitcoin can absolutely go to $100k-$200k, and once again many will regret not believing in it.

pawanjain

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Since there is no positive news regarding bitcoin and crypto right now,we can still wait for more "discounted" price.You know the usual method,buy the rumor,sell the news.So if there are no solid rumor yet,wait till the market started to show slight recovery and then go in.

That's the thing. This time is certainly to wait and watch how the market is behaving.
I think it will take a while before we find the bottom and even after that we will get ample time to enter our trades.
So better to wait for bitcoin to settle down and then buy the freaking dip.

Anonylz

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Quote from: virtualdn on June 18, 2022, 03:26:39 PM

The ones who will miss this train also might never see another. Do you really think BTC will be so cheap for the next years to come? Once it goes in the $1xx,xxx zone you better get used to it.

BTC is being too nice because most people don't deserve another chance after they had thousands of chances to buy it cheap and did nothing.

You see the problem is, many investors don't think about what btc price will be years to come, they are only concerned about this present time and frankly it is not a pleasant view, reason why many people will miss this opportunity.
Long term investors are constantly buying while short-term investors are constantly looking at the price forgetting to utilize this opportunity as much as they can.

virtualdn

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Quote from: mbare on June 19, 2022, 09:33:44 AM

Many people don't seem to understand it but bitcoin is not an instrument to make money but to pay goods. We should want a stable not a high price.

I disagree. Based on its potential BTC should have a high and stable price. This doesn't mean it cannot be used by people to buy goods and services. It will happen, but it needs more time.

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