Do not get discouraged by the current price of Bitcoin - page 3.

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Quote from: Skfox on May 13, 2024, 10:46:02 AM

Quote from: Doan9269 on May 01, 2024, 11:55:21 AM

Quote from: Princess Leah on May 01, 2024, 10:59:05 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

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.

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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

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Quote from: Doan9269 on May 01, 2024, 11:55:21 AM

Quote from: Princess Leah on May 01, 2024, 10:59:05 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

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.

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Quote from: Reatim on May 08, 2024, 01:38:54 PM

Quote from: Peanutswar on May 07, 2024, 06:33:13 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.

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.

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Quote from: NewRanger on May 13, 2024, 07:38:13 AM

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.

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Quote from: Reatim on May 08, 2024, 01:38:54 PM

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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Quote from: TheUltraElite on May 01, 2024, 11:49:46 AM

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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Quote from: Nothingtodo on May 06, 2024, 06:53:58 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.

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.

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Quote from: Princess Leah on May 01, 2024, 10:59:05 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

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.

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Quote from: Tmoonz on May 11, 2024, 11:21:56 AM

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, 10:59:05 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, 12:43:48 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, 10:59:05 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.

Quote

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, 06:08:54 AM

Quote from: Princess Leah on May 01, 2024, 10:59:05 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, 10:59:05 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, 05:46:28 AM

Quote from: Nothingtodo on May 06, 2024, 06:53:58 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, 02:06:02 AM

Quote from: wiss19 on May 05, 2024, 11:54:43 PM

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

Topic: Do not get discouraged by the current price of Bitcoin - page 3. (Read 1689 times)