Do not get discouraged by the current price of Bitcoin

AnonBitCoiner

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Quote from: Tmoonz on May 11, 2024, 12:21:56 PM

Only those that are traders will panic most, because a long term investor will only be taken advantage of the current market condition to stash up more of Bitcoin in to their bag as it gives them that golden opportunity of buying more Bitcoin at the same amount of money as at comparing buying a lesser amount of Bitcoin with that same amount of money at it's previous high price, it is better to accumulate Bitcoin for a long time purpose as it gives you the opportunity of having a compounded value of your Bitcoin investment over a period of time.

Bitcoin investors know better that how to handle their investment during such harsh situations when the market is unfavourable for us. They always know that market dump is in good condition for accumulation while market pump is to take the benefit of your patience, knowledge, and invested money so you will take the benefit of your hard work at the pumping phase.

Only knowledgeable people will understand that if price goes down then there is no need to put fear in your heart but it is the only time for which many investors are in wait to buy more Bitcoin because brilliant people only get benefit from all conditions instead of losing money by losing hope.

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Quote from: Princess Leah on May 01, 2024, 11:59:05 AM

I overheard a discussion between two friends and one was telling the other that Bitcoin is a scam and that a lot of people preached about the halving and how people could cashout from it. The other friend was trying to convince him to continue holding his asset but he refused and replied that nothing would stop him from selling the coins he's holding.

When I heard that man mentioned cashing out from the halving, I understood that he might know about Bitcoin but he's not properly enlightened concerning it. A lot of expectations were cut short after the halving event cause most people expected Bitcoin to set a new height of $80k but then it didn't even get close to the previous all time high and have reduced below $60k currently.

I think people shouldn't get discourage by that, though I didn't experience other halvings cause I had zero knowledge about Bitcoin then but i think something similar have occurred before in one of the previous halving where Bitcoin price didn't go up as expected but later traced back and went up after some period, a lot of people might begin to panic and sell their coins but I still see this an opportunity to buy more Bitcoin and for those who are not opportuned to do so, holding is the best option, please correct me if you think am wrong

Only those that are traders will panic most, because a long term investor will only be taken advantage of the current market condition to stash up more of Bitcoin in to their bag as it gives them that golden opportunity of buying more Bitcoin at the same amount of money as at comparing buying a lesser amount of Bitcoin with that same amount of money at it's previous high price, it is better to accumulate Bitcoin for a long time purpose as it gives you the opportunity of having a compounded value of your Bitcoin investment over a period of time.

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Quote from: GideonGono on May 07, 2024, 01:43:48 PM

Only newbie would be discouraged when the price drops down after having a huge increase.
We have seen this scenario so many times before, relax and try to accumulate more then HODL, I believe most of the old crypto earners are doing this.

I agree with your opinion, and indeed if a beginner will definitely be discouraged when they see the price of BTC going down, sometimes beginners usually always panic sell even though they are at a loss. And to be honest, when I first got to know Bitcoin, I personally also had the experience of always panicking when after buying BTC the price fell. However, those who have experience will definitely not be discouraged and panic when they see the price of BTC plummeting after a high price increase.

Yes, of course, in this case, those who are experienced are familiar with seeing the bitcoin cycle and those who are experienced always accumulate bitcoin when there is a price drop and use money that is ready to be will be lost and of course keep it for the long term and only sell it if make a profit.
However, according to my research, beginners usually don't learn the knowledge first before jumping into Bitcoin, which in the end has the potential to experience losses, including panic because they usually don't use the money they are ready to lose to invest in BTC.

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Quote from: Princess Leah on May 01, 2024, 11:59:05 AM

When I heard that man mentioned cashing out from the halving, I understood that he might know about Bitcoin but he's not properly enlightened concerning it. A lot of expectations were cut short after the halving event cause most people expected Bitcoin to set a new height of $80k but then it didn't even get close to the previous all time high and have reduced below $60k currently.

Bitcoin has broken its previous cycle high of 69k and has approached 80k. However, the adjustment of Bitcoin after a long period of growth is necessary for outstanding and more sustainable growth in the next stage. Nothing can increase forever without a break to refuel. Same with Bitcoin and this market, people was too focused on the recent halving event and expect Bitcoin price to increase immediately after this event takes place.

But those who have been in this market for a long time know that there is always a gloomy period after the halving event so that people gradually forget the impact of Bitcoin's increasingly depleted supply. Then, when everyone thought it was difficult for the market to increase prices again, there would be a remarkable growth that no one could have predicted.

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a lot of people might begin to panic and sell their coins but I still see this an opportunity to buy more Bitcoin and for those who are not opportuned to do so, holding is the best option, please correct me if you think am wrong

When everyone feels pessimistic and thinks about lower prices, that is the most appropriate time for us to buy. We are now close to that stage, when more people are thinking about the price below 50k for Bitcoin and Altcoins have continuously had new bottoms recently.

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Quote from: bSpend on May 10, 2024, 07:08:54 AM

Quote from: Princess Leah on May 01, 2024, 11:59:05 AM

I think people shouldn't get discourage by that, though I didn't experience other halvings cause I had zero knowledge about Bitcoin then but i think something similar have occurred before in one of the previous halving where Bitcoin price didn't go up as expected but later traced back and went up after some period, a lot of people might begin to panic and sell their coins but I still see this an opportunity to buy more Bitcoin and for those who are not opportuned to do so, holding is the best option, please correct me if you think am wrong

You are not far from the truth, alot of persons indeed expected bitcoin to start pumping and reaching a new all time high after the other immediately after the halving, but that unfortunately did not happen, and I can tell you for certain that alot of investors are agree and disappointed, but this set are majorly the ones who are new to crypto, because every one that is well experienced in this space already know that the bull run doesn't just started happening immediately the halving is done with, it takes some time, mostly months before the market enters into a bull run properly.

For now, bitcoin has recovered a bit if we look at it from when you started this discussion, but all the same, the price is still down, but this is nothing but a buying opportunity for those who have some extra money laying around, the bull run will definitely come, and those who are buying more bitcoin now, and those also holding will be the true winners.

Anyone who's been in the game for a while knows Bitcoin doesnt instantly explode after a halving. Its about how supply and demand interact, but also how people feel about Bitcoin at any given moment. After a halving, the real fireworks take time. Seasoned folks know this; they've seen these patterns play out before.

Right now is actually a great chance to get in or average down. Thinking of a dip like this as an opportunity, not a problem... thats the mindset of someone who understands how this market works long-term. These swings separate those in it for a quick buck from those who believe in Bitcoin's potential. The real winners will be the ones strong enough to hold, or even buy more, right now. When the next big rally happens - and you know it will - that's where the payoff comes. This whole thing is a test of your conviction and whether you get the bigger picture.

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Quote from: Princess Leah on May 01, 2024, 11:59:05 AM

I think people shouldn't get discourage by that, though I didn't experience other halvings cause I had zero knowledge about Bitcoin then but i think something similar have occurred before in one of the previous halving where Bitcoin price didn't go up as expected but later traced back and went up after some period, a lot of people might begin to panic and sell their coins but I still see this an opportunity to buy more Bitcoin and for those who are not opportuned to do so, holding is the best option, please correct me if you think am wrong

You are not far from the truth, alot of persons indeed expected bitcoin to start pumping and reaching a new all time high after the other immediately after the halving, but that unfortunately did not happen, and I can tell you for certain that alot of investors are agree and disappointed, but this set are majorly the ones who are new to crypto, because every one that is well experienced in this space already know that the bull run doesn't just started happening immediately the halving is done with, it takes some time, mostly months before the market enters into a bull run properly.

For now, bitcoin has recovered a bit if we look at it from when you started this discussion, but all the same, the price is still down, but this is nothing but a buying opportunity for those who have some extra money laying around, the bull run will definitely come, and those who are buying more bitcoin now, and those also holding will be the true winners.

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Quote from: bitterguy28 on May 09, 2024, 06:46:28 AM

Quote from: Nothingtodo on May 06, 2024, 07:53:58 PM

Investors are not at all worried about the current market of Bitcoin because they have seen such price fluctuations many times in past history and investors have gained experience from all these markets. So no matter how much the market fluctuates, investors are not worried about all these things. It's different for me because I'm not an experienced investor at all so the price of Bitcoin is a big concern for me.

depend on what kind of investors are you calling here because there are types of investors that only for increasing market and they are disappointed whenever there but those who trust their holdings are the one who can be confidently waiting for the price increase again or at least Bull run comes the early this year.

Investors and believers really have no space in their minds to have a negative impression about Bitcoin. But such opportunities will really be an opportunity for them or a reason to buy more bitcoin. Even for me, if I'm a fanatic, that's what I'll do.

Even with other cryptos that are top-listed in the market, I will use the same strategy because this method is also effective and there are many traders who use it.

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Quote from: Natsuu on May 06, 2024, 03:06:02 AM

Quote from: wiss19 on May 06, 2024, 12:54:43 AM

We should let people be with their thoughts and do what they want, at the end of the day, their decisions are going to affect them and not us.

I don't agree with this. You see trading alone is difficult enough and if you add up the stresses within the psychology side of it. It will be so much daunting. I think that's why we have community like this. That is to put up positive expectations within the market. As a market participant and Bitcoin holder, I want more people to come in also. That is way any kind of encouragement will be beneficial. Of course it hurts when you have negative position on your holding, but it's part of the process. We may not convince ore people, but at least we can motivated those who are already in to hold on to their investments and not sell.

It's not about people who are already involved but it's about those who aren't involved and want others to persuade them to join the industry and make investments so that if they lose money in it, they can have someone to blame. So, it's better if we don't do this and let them be, if they find out about Bitcoin and cryptocurrencies from the internet or somewhere else and become interested, they can get in themselves but at least we won't be blamed if they incur losses on their investments.

So, it is important for us to understand that we might be thinking of the welfare of some people by letting them know about Bitcoin and the cryptocurrency market so that they can earn some money, but if they turn out to be reckless investors and lose money, they will blame us for it. So, we better stay out of it.

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As far as I am concerned there is nothing to be disappointed about the current price of bitcoin as all investors in the crypto market know that there is volatility in the crypto market and the value of the currencies rises based on the market volatility. Investing in bitcoin for the long term should proceed with faith. Bitcoin may reach higher in a bull run. Investors who hold for long term will get good returns.

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I do not know how long it will stay within this range, but it will explode sooner or later this year. I am not discouraged, it is an oportunity

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Quote from: Nothingtodo on May 06, 2024, 07:53:58 PM

Investors are not at all worried about the current market of Bitcoin because they have seen such price fluctuations many times in past history and investors have gained experience from all these markets. So no matter how much the market fluctuates, investors are not worried about all these things. It's different for me because I'm not an experienced investor at all so the price of Bitcoin is a big concern for me.

depend on what kind of investors are you calling here because there are types of investors that only for increasing market and they are disappointed whenever there but those who trust their holdings are the one who can be confidently waiting for the price increase again or at least Bull run comes the early this year.

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Quote from: coinerer on May 08, 2024, 09:55:07 AM

Quote from: Ben Barubal on May 08, 2024, 09:39:21 AM

I agree with the topic made by OP that no matter what coins we hold, even if their price falls, don't look at it as a reason to be disappointed; you should take it as something that is a good sign that you will invest even more save it.

There are many who use this method, and from what I have seen, it has been an effective method for most. Stay positive, even if you are facing something bad in this field of cryptocurrency.

The price of Bitcoin always fluctuates and sometimes the price of Bitcoin goes down a lot. there is nothing to be surprised by these because even if the price of Bitcoin falls, it will rise. If you invest in Bitcoin for the long term, then there is no reason to be disappointed by the price of Bitcoin. Because if you dig past history, you will see many amazing history of Bitcoin. Bitcoin is a coin with a lot of potential, which holds a lot of profit. those who are shocked by the price of Bitcoin will not get anything good from Bitcoin

Exactly, does who discourage becauss they see how big of a price a bitcoin has, little they know they can still do investment or holding bitcoin even a fraction of it, in short DCA, many new comers in bitcoin doesnt know the existence of DCA which is Dollar cost average, meaning you could brough fraction of bitcoin based on what can you invest for example a $1000 dollar or even just a $100 you could buy bitcoin and hold it, but to maximizs the profit in this investment you will need to hold it long term and of course with the right timing of buying your asset you could earn a lot from it, so even you are just going to buy and hold bitcoin you will still need to understand when and where at the price of the market is the good timing to invest, in short you will still need to invest in knowledge and skill about bitcoin.

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Quote from: coinerer on May 08, 2024, 09:55:07 AM

The price of Bitcoin always fluctuates and sometimes the price of Bitcoin goes down a lot. there is nothing to be surprised by these because even if the price of Bitcoin falls, it will rise. If you invest in Bitcoin for the long term, then there is no reason to be disappointed by the price of Bitcoin. Because if you dig past history, you will see many amazing history of Bitcoin. Bitcoin is a coin with a lot of potential, which holds a lot of profit. those who are shocked by the price of Bitcoin will not get anything good from Bitcoin

In the Crypto space, a lot of people fail to progress because of ignorance, lack of knowledge is a very big setback that could really affect someone negatively. Before anyone should go into the market, they should have proper understanding of what they're going into they should understand that making profits from Crypto is not very easy it requires a lot of patients and tolerance, many don't even know what volatility means they may have head of bull and bear market but they don't even understand it and when to take advantage of the market all they just want to do is invest in a coin and take profits when it booms and if it goes the other way round those are the people that would criticise a project and call it scam, forget the Cryptocurrency is volatile in nature. If you understand Cryptocurrency and how it operates then their lots of profits to take on the long run.

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Quote from: Princess Leah on May 01, 2024, 11:59:05 AM

When I heard that man mentioned cashing out from the halving, I understood that he might know about Bitcoin but he's not properly enlightened concerning it. A lot of expectations were cut short after the halving event cause most people expected Bitcoin to set a new height of $80k but then it didn't even get close to the previous all time high and have reduced below $60k currently.

It's easier said than been done. Bitcoin is still trading slightly above $62k and that's below even all time high of the previous bull run so, anyone buying Bitcoin right now that's is not doing it for the long course would have to think twice about the market situation, you can't just jump into the market and buy, majority are even waiting for the market retracement before the bull run but anyone that is buying for long term wouldn't care about what will happen.

You also said $80k as a next target but have you check what we is that to an average retailer with $5k investment? The probability of making $2.5k from that $5k investment will be really tough and you know, you can't altcoins is something that can replicate that easily even though they're more riskier than Bitcoin, that's why people might not be going for that run of Bitcoin this time.

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Quote from: Peanutswar on May 07, 2024, 07:33:13 PM

You don't need to get worry about the price of the Bitcoin if you know every actions you made. Before entering into an investment at the first place there's a plan you made and plot this will be serve as a guide to your journey and path if you lose yourself due to market volatility.

You have to go in to crypto well-equipped by knowledge and understanding of how the market moves. You can not be led by emotions and let yourself decide in very important matters if you are easily affected.

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if you are active trader you must need to get a ride with the market movement if no and you will look forward to the BTC for a long run you don't need to stress your self every time to keep watching in the market again your goal is to take profit to the next ATH and you are not a daily trader you are a holder. Investment in crypto is a battle of strongest hand.

There are so many people who still wants bitcoin and even if it’s going down a bit it will just eventually come back.

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Quote from: Ben Barubal on May 08, 2024, 09:39:21 AM

I agree with the topic made by OP that no matter what coins we hold, even if their price falls, don't look at it as a reason to be disappointed; you should take it as something that is a good sign that you will invest even more save it.

There are many who use this method, and from what I have seen, it has been an effective method for most. Stay positive, even if you are facing something bad in this field of cryptocurrency.

The price of Bitcoin always fluctuates and sometimes the price of Bitcoin goes down a lot. there is nothing to be surprised by these because even if the price of Bitcoin falls, it will rise. If you invest in Bitcoin for the long term, then there is no reason to be disappointed by the price of Bitcoin. Because if you dig past history, you will see many amazing history of Bitcoin. Bitcoin is a coin with a lot of potential, which holds a lot of profit. those who are shocked by the price of Bitcoin will not get anything good from Bitcoin

Ben Barubal

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I agree with the topic made by OP that no matter what coins we hold, even if their price falls, don't look at it as a reason to be disappointed; you should take it as something that is a good sign that you will invest even more save it.

There are many who use this method, and from what I have seen, it has been an effective method for most. Stay positive, even if you are facing something bad in this field of cryptocurrency.

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Quote from: Winterfrost on May 07, 2024, 02:13:58 PM

Most persons are just too lazy to do learning about Bitcoin, I don't know if they just see Bitcoin as a source of income, monthly or weekly payout that should automatically generate profit for them.

Obviously many are still looking at bitcoin as a get rich quick scheme and they think that it is so easy to earn income from bitcoin. It is not as easy as everyone thinks and I would say that it’s actually kind of stressful at times.

The crypto world is very vast and complicated. There are just too many things to learn that if you don’t you know you will be left behind and you’d need to say goodbye to your dreams of earning profits from bitcoin.

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You don't need to get worry about the price of the Bitcoin if you know every actions you made. Before entering into an investment at the first place there's a plan you made and plot this will be serve as a guide to your journey and path if you lose yourself due to market volatility. if you are active trader you must need to get a ride with the market movement if no and you will look forward to the BTC for a long run you don't need to stress your self every time to keep watching in the market again your goal is to take profit to the next ATH and you are not a daily trader you are a holder. Investment in crypto is a battle of strongest hand.

Topic: Do not get discouraged by the current price of Bitcoin (Read 1059 times)