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Topic: Do not get discouraged by the current price of Bitcoin - page 2. (Read 1460 times)

hero member
Activity: 1008
Merit: 525
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Everyone can say whatever thing he or she understand by Bitcoin where is certain person who condemn cryptocurrency, so I know quite well now those people really advise people wrongly not to invest in Bitcoin when they have not invested in Bitcoin before so I believe that the only thing that will make you to invest in Bitcoin is when you have make your research to know if bitcoin or not so you can invest really without adhering to anyone advice
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.
member
Activity: 126
Merit: 14
★Bitvest.io★ Play Plinko or Invest!
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.
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.
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
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.
full member
Activity: 392
Merit: 130
Where Digital Assets Meet Real Life Value!
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,

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.

Never advice anyone to invest in anything, if things go south - you will be blamed, you will lose a friend or maybe get in a life long fight with a family member.
Worst case scenario, they will go to court with you for wrong financial advice etc.

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.


sr. member
Activity: 1260
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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.
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.
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
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Activity: 252
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No doubt only newbies or beginners like me can feel discouraged but in course of learning and acquiring knowledge about bitcoin, discouragement is no where close. One who is fully educated on bitcoin or one who is an expert on bitcoin will not be discouraged whether the price is dropping or going up instead he will know the method to go with in other to make profit. About the price of bitcoin now, buying and holding is the best with the expectations that the price will go up.

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.

As newbies to bitcoin instead of being discouraged, I will advise we ask questions and seek advice from experts or those who are experienced in the crypto world.

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.

sr. member
Activity: 1344
Merit: 311
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.
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.
full member
Activity: 546
Merit: 101
Everyone can say whatever thing he or she understand by Bitcoin where is certain person who condemn cryptocurrency, so I know quite well now those people really advise people wrongly not to invest in Bitcoin when they have not invested in Bitcoin before so I believe that the only thing that will make you to invest in Bitcoin is when you have make your research to know if bitcoin or not so you can invest really without adhering to anyone advice
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.
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.
sr. member
Activity: 1526
Merit: 332
★Bitvest.io★ Play Plinko or Invest!
Everyone can say whatever thing he or she understand by Bitcoin where is certain person who condemn cryptocurrency, so I know quite well now those people really advise people wrongly not to invest in Bitcoin when they have not invested in Bitcoin before so I believe that the only thing that will make you to invest in Bitcoin is when you have make your research to know if bitcoin or not so you can invest really without adhering to anyone advice
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.
member
Activity: 126
Merit: 14
★Bitvest.io★ Play Plinko or Invest!
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.
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.
jr. member
Activity: 0
Merit: 0
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  

Getting discouraged? only the newbies just joining may have a second thoughts about bitcoin market price, we have been into this for a while now, last year when Bitcoin go dip as far as $16,000 and people never loose hope, this is just a mere warming up, to create an avenue for those interested on making an investment, they could rather see this as an entry point for them to invest and wait till the same opportunity lands for more bull, what we are seeing is only preparing us for the expectations ahead, the earlier the better we understand that all we need is to hold now.

No doubt only newbies or beginners like me can feel discouraged but in course of learning and acquiring knowledge about bitcoin, discouragement is no where close. One who is fully educated on bitcoin or one who is an expert on bitcoin will not be discouraged whether the price is dropping or going up instead he will know the method to go with in other to make profit. About the price of bitcoin now, buying and holding is the best with the expectations that the price will go up.
As newbies to bitcoin instead of being discouraged, I will advise we ask questions and seek advice from experts or those who are experienced in the crypto world.

True, just seek knowledge from relevant sources, and knowledgeable ones not from ignorant individuals that often misleads newbies and those who don't have any background knowledge.

I often and will keep saying, Knowledge first before Investing as you have to understand what you're about to get in, just keep accumulating according to your investment plans, hold and have a long term view of the market.

Patience is the key in Bitcoin accumulation phase.
hero member
Activity: 1470
Merit: 711
Instant cryptocurrency exchange with own reserves!
Everyone can say whatever thing he or she understand by Bitcoin where is certain person who condemn cryptocurrency, so I know quite well now those people really advise people wrongly not to invest in Bitcoin when they have not invested in Bitcoin before so I believe that the only thing that will make you to invest in Bitcoin is when you have make your research to know if bitcoin or not so you can invest really without adhering to anyone advice
newbie
Activity: 0
Merit: 0
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  

Getting discouraged? only the newbies just joining may have a second thoughts about bitcoin market price, we have been into this for a while now, last year when Bitcoin go dip as far as $16,000 and people never loose hope, this is just a mere warming up, to create an avenue for those interested on making an investment, they could rather see this as an entry point for them to invest and wait till the same opportunity lands for more bull, what we are seeing is only preparing us for the expectations ahead, the earlier the better we understand that all we need is to hold now.

No doubt only newbies or beginners like me can feel discouraged but in course of learning and acquiring knowledge about bitcoin, discouragement is no where close. One who is fully educated on bitcoin or one who is an expert on bitcoin will not be discouraged whether the price is dropping or going up instead he will know the method to go with in other to make profit. About the price of bitcoin now, buying and holding is the best with the expectations that the price will go up.
As newbies to bitcoin instead of being discouraged, I will advise we ask questions and seek advice from experts or those who are experienced in the crypto world.
sr. member
Activity: 1792
Merit: 268
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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.
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.
At least focus on the main goal, if you really want to be involved in both cryptos, everything has been taken from the start, we invest in crypto, whatever the results in the market, it doesn't mean taking the risk of panic, we will become more mature and knowledgeable every year by observing Bitcoin's movements in various countries. big market, it has often been seen that emotions and bad influences from news that lead to create panic in a person, so that's why learn knowledge about the movement of Bitcoin or other digital currencies.
hero member
Activity: 1260
Merit: 568
Although the Market is not always predictable as BTC Price is constantly fluctuating, of course, and they always stick to low price moments, especially if indicators confirm a possible change in direction.

The logic is that this is true and some people who have a small budget for accumulation will wait for a downturn to buy.
Although sometimes we have a DCA strategy for buying bitcoin in an orderly manner and for some people there will be a separate concept in carrying out investments.

Quote
There are many traders who feel that the market, for example, is considered bullish when seeing prices soar, but we should also be careful with the current situation because there have been many fake pumps lately.
I always think the price is correcting in the middle of the rise and maybe we will wait for a sharper decline to accumulate more.
When investing in bitcoin, there is no need to worry because there is always a moment of recovery or a cycle that occurs. So our most important task is how to make as many purchases as possible. Holding will always provide benefits for someone who dares to hold and no matter how sharp the price decline is because when we understand the cyclical processes that occur that is where we can take big profit steps.
sr. member
Activity: 1568
Merit: 333
There are so many people who still wants bitcoin and even if it’s going down a bit it will just eventually come back.

Although the Market is not always predictable as BTC Price is constantly fluctuating, of course, and they always stick to low price moments, especially if indicators confirm a possible change in direction.

There are many traders who feel that the market, for example, is considered bullish when seeing prices soar, but we should also be careful with the current situation because there have been many fake pumps lately.
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Activity: 238
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Since the price is seeing new lows after the all time high and this is just the start of a month, there is panic selling happening with the dumping and making it seem its all going bad. This is nothing new and it will happen in every bear run.

You cant stop people from saying bad and from dumping their coins at a loss during such periods. Our target is to increase our stash of coins and hence we have to buy at the low when the dropping rate aka deceleration reduces, so you will be buying at a discount from the weak hands.

Let the prices fall, make money from prediction games predicting these losses and dont fret, because cycles are the normal thing in crypto. Cool

Yes I concur, people decision differs it's very hard to control or make decisions for another person, many are control by their emotional that is why investment in crypto, particularly BTC need some emotional control method because nit all investor can withstand a dip because they are always in FOMO one thing is certain BTC can remain in ATH  it must surely alternate before the bull only those with this consciousness can make good decisions and hold ni matter how the Dip is.

Normally a good investor it's already a great opportunity to even accumulate more because the greater chance of making it is at head, that why people with fear if losses hard survive in risk management, because their decision will affects the investment they made.
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Activity: 178
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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.

Staying in bitcoin is actually not because you are an experienced investor or not, but rather whether you believe in bitcoin or not, the price of bitcoin has so far increased because of the supply and demand created by the trust of people who buy bitcoin, I am also still relatively new to bitcoin But I am confident in the future of Bitcoin so I will not be a weak person to hold Bitcoin.
hero member
Activity: 1098
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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  

You're definitely not in the wrong with your line of thought, I would have to agree with you there that people should panic and make these emotional decisions and sell all of their holdings. Then again there is no talking to someone who has already made up their mind, especially if they won't even hear you out. I say put your two cents in but at the end of the day they have to see the vision and believe in Bitcoin. Ask that man, do you believe in bitcoin? Do you know what I know? Do you know how sound & incredibly designed it is? These are all questions I would ask them. At the end of the day just make sure you and your family are set! Shoot I even try to tell this stuff to my family, it took a long time for them to finally start coming around on this stuff. Sometimes you also just have to keep hitting them with fact after fact, I mean if its someone you truly care about.
sr. member
Activity: 1428
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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.
full member
Activity: 154
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Eloncoin.org - Mars, here we come!
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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