Topic: Do not get discouraged by the current price of Bitcoin - page 2. (Read 1714 times)

Currently we can see for ourselves how far Bitcoin has developed and there are so many enthusiasts who can take advantage of the benefits of holding their Bitcoin, but for some people who consider Bitcoin a scam of course they only hear from people about Bitcoin which is not completely true and they don't look for information themselves to be able to confirm how Bitcoin works and I think if they had a good understanding of this of course they would try to try to take advantage of Bitcoin like other people have done.

If there are still a group of people who still dare to say that Bitcoin is a scam as you mentioned above, of course they cannot benefit from Bitcoin as a cryptocurrency which is trusted by many people, both as an investment asset in the long term and can also be used as a trading.

As long as your holdings are with you, you have nothing to worry about because, as we all know, bitcoin does not have a stable price. This is something that people who invest in Bitcoin should be aware of because the price of Bitcoin fluctuates every second and is constantly recording new prices. The longer the investor, the more expertise he or she has gained, therefore for the past few months, the price of bitcoin has been hovering around 69-70k. and we are still expecting bitcoin to go higher when you are expecting bitcoin to go higher is when it will be coming down and it will go higher when you don't even expect it, and when it starts going higher it gives the investor joy.
 

But whether you just started or you are a long-time investor, when the price is not going in your favor, it will still get you worried because all your thoughts are going to be around when is the price going to go up, there is no way you are not going to get worried, you will always find your self checking the market except if you are into trading, the way traders live their lives is just amazing because if you want to be seriously into bitcoin, either trading or even holding, its not easy to be patient but you just have to take it that their is no other means the only means is going to be for you to be patient. just imagine those who have been holding bitcoin since, and they have waited patiently and by now they would have made their profit.

You should not blame anyone who says bitcoin is a scam, but you have to understand very well that bitcoin is not a scam but people who is around and who is not care and ready to see Bitcoin as a sincere currency or a legit currency will think that cryptocurrency mostly Bitcoin is a scam, why when you go deeply to understand the procedures of Bitcoin you will know very well that bitcoin is not scam, the people who always bring up this kind of matter of bitcoin that bitcoin is a scam is people who always be in government or politicians, before I started investing in bitcoin even began to accept Bitcoin in my business, I have already made a proper research of Bitcoin.

Those who have involved themselves with cryptocurrency or Bitcoin for a long time are not at all worried about the price of Bitcoin and there is no chance to be disappointed here. And it is far from thinking that it is a scandal. Those who have seen the price history behind Bitcoin will at least not be impatient with Bitcoin. The current price of Bitcoin is 66787 dollars but by the end of the year this price will definitely exceed 110,000 dollars. This is to say that if you are currently holding Bitcoin, it will never let you down.

Bitcoin has started a new run where we saw Bitcoin go above 71 thousand dollars today and is going to make a new price record soon. Bitcoin's upward trend since the beginning of this year shows no chance that Bitcoin will take another major correction. Regardless of the amount of money you have to invest, if you hold on to it, you can expect huge profits very soon. Bitcoin has not looked back from where it started this year. You just have to watch the market for now, if you can hold on to your bitcoin until the end of the year I expect it to cross $100k.

As a small investor I am not at all worried about the current Bitcoin market value. Because Bitcoin has had more price fluctuations many times in its history it certainly has some experience. There is also some story behind Bitcoin's steep price declines. Because impatient investors are blinded by the volatility and think Bitcoin is a scam. Although most investors know that the market bounces. But we saw Bitcoin go back to $18k and currently the price has risen to around $70k. So I think there is little reason to be worried about Bitcoin going higher.

That guy literally has no idea how Bitcoin and the market works that is why he panic sell though it is his decision and investment then yeah he has the right to do that but in an investment perspective he needs more knowledge about how crypto investment works so he would not be doing something like a newbie or maybe he is.
 

Bitcoin prices are not stable, there are times when they go up and there are also times when they go down. The main key to investing in Bitcoin is don't be reckless, don't be influenced by circumstances, for example the price goes down, don't panic. If you panic, you will give up your Bitcoin, so be patient and hold on to your Bitcoin.

All I can say in this regard is that the guy who wanted to sell all his holdings in Bitcoin is naive about Bitcoin. Although the price of Bitcoin is a discouragement now, the reason for him to want to liquidate his Bitcoin asset is not right as well, he should have educated himself better. Maybe he will later realise his mistakes, or he will be the one who will be proven right, either way, time will tell.

Nevertheless, in my understanding, the halving is a Bitcoin tradition that happens every 4 years and it has helped Bitcoin to grow in price even as it attracts more adopters to the coin. But the halving is not an automatic means for Bitcoin to appreciate in price, it takes time. The guy should have at least learned about Bitcoin and halving very well before running his mouth in discouragement. Looking at the chart of the past Bitcoin histories in relation to halving would have helped him calm his nerves instead of deciding based on what he did not know.

In some past Bitcoin chart histories, Bitcoin only moved significantly higher in post-having effect after 7 months in some cases. So buying is not automatic, but at the same time, if one is cautious judging by the high price of Bitcoin, it may be a very good reason to devest. There is no need to stop anyone from doing what they want to do.

This is obviously pretty obvious for a lot of trading, especially for a lot of people who don't have enough knowledge of cryptocurrency it wouldn't make a lot of sense for them to hold their investment, when they see that the market price is declining, for example, 20k$ would of Bitcoin drop to 10k$ worth for most investors that don't have enough knowledge they would probably panic and sell right away because they think that they just gonna continue to lose money, Right now Bitcoin was on pretty high market price around 69k$ which is pretty high enough a lot of newbies would probably buy because of the rising market price but easily panic when it drops to around 40k$. It is going to be a huge issue for them but for people who know what they are doing, they could easily hold their Bitcoin because they know what Cryptocurrency and Bitcoin are, and selling is not going to be a good decision.

I mostly advise traders here to do a lot of research because even starting to invest, if you think that you know what you are doing already that is the time when you could start your investment journey, If you know what you are doing your not easily get discouraged by the current market price of Bitcoin.

You're right i think using the DCA method is the best that's for those who don't have large capital to invest, but if you're using this DCA method before you know it you have accumulated a lot of bitcoin in your portfolio. However making research is very good because sometimes someone can give us wrong advice/opinion so in this case if you don't make research there's no way you can find out that the opinion that was given to you was a wrong one, this is why is very good to make research so that whenever time you seek for advice from people and they give you a wrong advice you can easily find out by making research.

This is what we know has bad influence and we have to be wise enough not to follow that kind of step. We can make in crypto through different ways and that should not make us to think that making money through Bitcoin is not possible. I am still taking my time to look for other means to make money just like many of us that are into cryptocurrency. There are many ways we can make money without doing something illegal. We need to be wise and make sure to buy Bitcoin and hold for the next bill run not this actually. Although this could be easy for people that have sufficient funds without having anything to do with it.

Truly holding Bitcoin for a long period will certainly yield good dividends but there are some opportunity costs to be excluded. That is many people may think that if they invest elsewhere for such a long time they will get profits from there. There is no way to deny it. However it is clear that the opportunity cost of holding bitcoins for a long period of time is much smaller than this kind of profit. It is a currency that is very old and past statistics have always been promising. So investing in Bitcoin with courage will never let us down only thing we have to remember is never to panic.

That's true and usually the correct buyer for BTC coins works directly to buy, especially if he is proficient and experienced in trading or investing with BTC coins and if asked, will give a santa answer and seem ordinary, not like influencers who are too eager to describe something.


I agree with this thought and of course the risk is that we will also be the ones to bother ourselves with the explanation and of course we will receive many follow-up questions, one of which is why our ideas or assumptions are seen as not producing the results we previously conveyed to them.

Loses from investing in Bitcoin are very rare if one holds it for a long time. Investing for a short period of time can lead to losses as Bitcoin price corrections are often seen due to Bitcoin price volatility. so if someone panicked and sold their bitcoins at that time, the loss would be theirs. So yes, if you invest in DCA with the intention of investing in Bitcoin for a long time, there is definitely a chance of having a big coffee from there. and DCA greatly reduces the possibility of loss

In this case you are right. People who have experience certainly really understand and are able to describe what will happen in the BTC market next and it will mostly be successful than what was planned.


However, if we come by adopting the style of those who have been successful in investing using long-term patterns, I think applying it like them would also be very good and if there are any doubts, you can share them in this forum.

Doing our own research about the coin we are going to buy is of course very important and if the coin we are going to buy has good potential, of course we can buy it to be able to make a profit from that coin and a coin that already has high interest. of course this will give us profits from these coins and buying Bitcoin using the DCA method of course this will be very profitable for those of us who cannot buy large amounts at once and if we can use the DCA method consistently then I think we will get big profits big too.

When we get advice to buy a coin, we should never immediately make a decision to buy it. We should try to do research to find out the potential the coin has. We also make sure that the products they develop have high enough demand so that they will make a profit when we enter. However, for purchasing Bitcoin, I prefer to purchase using the DCA method which I think is safer.

Totally agree, if all you do is listen to what others have to say before you invest or that those people yapping about not investing or investing in bitcoin when they themselves haven't even tried that one too, then at the end of the day, you end up making all the losses because youre too spooked to take the first step. People always get it wrong, they do their research but they never deliver when it comes to investing, they think that what the influencers say is the gospel and so it's a waiting game for them forever, no real will to invest in bitcoin and so they end up regretting and getting bitter over it.

Not observing market movements and getting confused by volatile markets are signs of pessimism. So if one observes and analyzes these situations regularly then I think he doesn't have to think about anything else. So it is wise to go ahead with the plan without worrying about the cost and strengthen the hand battle in your opinion.