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Topic: Do not get discouraged by the current price of Bitcoin - page 4. (Read 1472 times)

hero member
Activity: 2044
Merit: 501
★Bitvest.io★ Play Plinko or Invest!
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.
member
Activity: 126
Merit: 14
★Bitvest.io★ Play Plinko or Invest!
There is no chance to say that Bitcoin is currently a scam. But you cannot force your friend to earn money by investing in Bitcoin. Our world is such that if someone benefits from me he may thank me but if any harm is caused then he will fully blame me. So it would be wise to do your own thesis about Bitcoin and invest as much as you can on your own. The fact that Bitcoin has not yet reached the desired target but has fallen does not mean that it has no chance to rise. However the current drop in prices has created an opportunity for investors. So there is still time to invest in Bitcoin and profit from it.
I agree about not forcing our friends to invest in Bitcoin. Let him choose after he has looked for the information, but if he doesn't want to look for more information about Bitcoin, we still shouldn't force him. Everyone can invest in Bitcoin but it depends on how they view Bitcoin. If we believe in investing in Bitcoin, we just continue investing while waiting for the time when we can make a profit. One day maybe our friends will realize Bitcoin's potential for them and they will come to us to learn more about Bitcoin and start investing in Bitcoin. The current price position is a good time to start investing and hopefully, those who haven't started yet can start immediately so that they can later benefit from Bitcoin.
Bitcoin will be viewed by a person the way he studies and reviews Bitcoin. Some people will see Bitcoin as gambling because they don't know anything about Bitcoin and have not analyzed the statistics, they will have to leave it in the hands of fate and their destiny will be determined by God. And those who invest with proper knowledge and analysis about it will be the business for them and they will make their own fortune.
full member
Activity: 322
Merit: 185
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.

I don't see the reason why they should panic because of price, Before anyone invested, they must have seen how the price has not been stable, so why panic? Because businessmen  should not be panicking because of price, and that should be the concern for those who are holding for traders, either short or long, you should know how to take profit from every market. and with time, you will get used to the market and you won't bother much about it.  there will be time when you will have a good profit and not worry much about the market. and if you always get worried about the market, you can give trading a try and do daily or short trading, it will now depend on which one you want to do.
hero member
Activity: 1302
Merit: 516
Bitcoin Casino Est. 2013
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.
Whether you have experience or not, the price of Bitcoin will still be noticed by many people at this time, especially by people who already like and believe in Bitcoin. So that makes them very enthusiastic and confident to continue watching the price of Bitcoin even though it's not to sell it, because sometimes monitoring the price can also be quite useful for investors who like to buy Bitcoin in any condition. So it's not only about whether investors are worried about price fluctuations or not, but in this case there are still good opportunities that can be exploited by investors who like to buy and hold Bitcoin for the long term.
hero member
Activity: 2828
Merit: 611
There is no chance to say that Bitcoin is currently a scam. But you cannot force your friend to earn money by investing in Bitcoin. Our world is such that if someone benefits from me he may thank me but if any harm is caused then he will fully blame me. So it would be wise to do your own thesis about Bitcoin and invest as much as you can on your own. The fact that Bitcoin has not yet reached the desired target but has fallen does not mean that it has no chance to rise. However the current drop in prices has created an opportunity for investors. So there is still time to invest in Bitcoin and profit from it.
There's even people that even they benefit at you already, they won't still thank you and even talk negatively at you once you or they walk away. They're so cruel. BTC has no desired target. It moves in mysterious way, so it can either stop at one price point or continue until oblivion. It was only us people who have a desired target. This is why we are called as speculators, apart from investors, risk taker,  etc... Yeah the current, past, future drop in price is an opportunity for us and not something that can discourage us but being discourage is a negative feeling or trait that one must avoid if they want to achieve something in their lives.
hero member
Activity: 1260
Merit: 568
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.

I don't try to explain anything to people about bitcoin because people who hate it will continue to look for the truth regarding their understanding and vice versa for people who believe more in bitcoin.
In fact we have seen how great Bitcoin is but not everyone can see that, there is no point in convincing anyone about Bitcoin if they don't try to find out for themselves.

Quote
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.
Maybe the man needed money so he tried to sell some of the bitcoins he had before the halving occurred.
In fact, I myself felt the same way because at that time I needed money so I was forced to sell bitcoin according to the percentage I wanted. In certain circumstances we cannot hold bitcoin from being sold, especially if we don't have spare money.
Therefore, if things happen like what I experienced, we also have to prepare savings to avoid selling bitcoin at certain times.
full member
Activity: 1176
Merit: 165
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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.
Inasmuch as what you've said is right.
But you know what they always say about experience being the best teacher, ordinarily, when you tell people something, they may really not understand the gravity of what you're telling them until they make a mistake on their own, it is that mistake they learn from and when they've made that mistake, they'll avoid that particular scenario that led them into making that error, even in a lifetime. It is then that they will actually understand the gravity of that error and will do everything possible to avoid it, it's called learning the hard way.
Making mistakes in your market approach isn't ultimately a bad thing, but not learning from your mistake and still repeating the same mistake is what is bad. So allow people to make their own mistakes the same way you've made yours.
sr. member
Activity: 882
Merit: 215
#SWGT CERTIK Audited
Yes. The decision you make is correct, of course. Well, if BTC goes up there is also a special notification for example tomorrow it will rise high again to 65K, of course not So, I think what your friend does is his right and what you already know just run it.

For me BTC is very unique and potential. I see this small correction journey after the halving is not completely finished, there could be some additional corrections, of course, for those who are already professionals in the world of BTC investment, this is a common thing where the most awaited is the big moment, which is one year after. In fact, before the Halving, the price of BTC has been pumped, how about after the next 1 year Halving Grin Grin.
full member
Activity: 241
Merit: 100
#SWGT PRE-SALE IS LIVE
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.
Those who already have the knowledge and skills will of course not be affected by the downward movement of Bitcoin prices, of course they will take advantage of this opportunity by trying to collect so that they can enjoy profits when the price increases and also for each investor, of course they have an investment target. and also they always make good planning before deciding to invest, if you continue to learn about investing in Bitcoin well of course you will be able to become an investor who has skills and experience in this field.
hero member
Activity: 2044
Merit: 784
Leading Crypto Sports Betting & Casino Platform
Many investors got discouraged by the current price of Bitcoin, because high expectations were raised due to the halving event, so many people thought that right after the halving Bitcoin price should immediately skyrocket to 100,000$ or 150,000$ without any delays and setbacks. Of course everyone here would like that happened, however in practice we have a lot of obstacles through the way, and here I would like to highlight market's manipulation by whales, the big players who drive this market upside and down by selling or buying large chunks of Bitcoin at once.

I just think what investors should have in mind is that if those big players are so focused in Bitcoin, it means it has a lot of potential, otherwise they would have already moved their funds to another niches of financial world. All investors have to do is to be patient and remain encouraged that Bitcoin will still increase a lot of in price. It's just a matter of time, and a matter of remaining confident until the right time.
full member
Activity: 420
Merit: 52
SOL.BIOKRIPT.COM
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.
hero member
Activity: 3024
Merit: 680
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No worries at all if you know and seen how and last year has started.

Those that are worried probably bought at the new peak which is $73k.

The best is yet to come and who will be the most patient wins.
Anyone who understands how BTC operates would see no reason to get worried or panic cause the best is yet to come. It's only those who rushed to invest into it when they got little idea that would see a reason to panic when the price of Bitcoin goes down, most of them got into the market due to wrong informations they got about the halving.

 I believe the man who was complaining to his friend when the price went down would be very disappointed at himself currently if he had sold then cause few days after the price went beyond the initial price of about 57k it was when he made mention of selling his coin. Now this would teach him a lesson if he sold cause Bitcoin is currently 63k and has a potential of going higher.

 For a person holding for a long term, buying at the peak of 73k shouldn't be an issue, mostly  if the person bought bulk Bitcoin then there's no reason for panic cause there's a great possibility of Bitcoin going beyond that mark.
I agree, if you understand how BTC goes on over the period of time you'd be the most chill guy and you're relaxed and don't have to worry with how the price goes in action from time to time.

As for buying lumpsum at the new ATH, they have to give themselves extra patience because many did that in 2021 and 2017 bull runs and did sold too early.

I guess for newbies, the current price will certainly be a big issue for them because if bitcoin price will consistently drop its price, that will make their investment doomed. But if they know that being patient in the market most especially in times like this will pay a lot, then they won’t be worrying too much knowing the fact that this is just part of price correction.

Those who came with knowledge and completely understand the volatility of bitcoin will just face the market calm and chill, but for those who rush to invest without studying first, clearly that will be a disadvantage for them.
It's normal for them to react like that because they have lesser experience and stay.

But we guarantee them that if they are going to worry now, they're going to end up losing their holdings and could cause them to panic sell.
full member
Activity: 1148
Merit: 158
★Bitvest.io★ Play Plinko or Invest!
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.
sr. member
Activity: 2156
Merit: 344
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. If someone thinks that Bitcoin is a scam because its price didn't soar after the halving event, they should go ahead and sell their assets so that they can regret it when they see the market going up after a few months, but then there will be no going back for them and they won't be able to recover their losses then.

People who think this way about Bitcoin and the market are the ones who lack basic knowledge about the market and things such as the halving, they have just heard about the halving being a signal for a bull run which isn't completely accurate because the market doesn't start going up right after the halving.
legendary
Activity: 3108
Merit: 1290
Leading Crypto Sports Betting & Casino Platform
Oh just relax guys after going to 73k why are we worried at this price now lol
No worries at all if you know and seen how and last year has started.

Those that are worried probably bought at the new peak which is $73k.

The best is yet to come and who will be the most patient wins.
I guess for newbies, the current price will certainly be a big issue for them because if bitcoin price will consistently drop its price, that will make their investment doomed. But if they know that being patient in the market most especially in times like this will pay a lot, then they won’t be worrying too much knowing the fact that this is just part of price correction.

Those who came with knowledge and completely understand the volatility of bitcoin will just face the market calm and chill, but for those who rush to invest without studying first, clearly that will be a disadvantage for them.
hero member
Activity: 1540
Merit: 772

There is no point in making someone understand or convincing them that Bitcoin isn't something bad. You don't get anything out of that, whether they accept the reality and embrace it with open arms or willingly close their eyes and say they can't see anything, none of that is going to affect you or Bitcoin, so just let them be with their thoughts and decisions.
We have heard repeatedly that giving advice on how someone uses their money.
It's not bad if we provide understanding to people who think Bitcoin is bad as long as they are willing to use their brains to think instead of using their anger because something they want hasn't happened in time.

That's enough. Just end this.
Regarding Bitcoin and others, each has its own concept and basis for thinking. For us, Bitcoin is very great, for him, on the contrary, his business is none of our business.
The eyes will be able to see the truth if they are assisted by a scientific mind.
sr. member
Activity: 2800
Merit: 344
when lambo...
In the first place, I didn't even notice if bitcoin's price value was declining because it was normal to happen in the market in this field of the crypto space. That's because you know there is a correction going on in the market so far.

And I think, too, that this correction is not over; it is deeper, and I really think its depth is around 41–52k $ each of.Bitcoin, so its congestion is long-lasting. The trip will now.
Those who keep watching their portfolio will definitely feel worries and uncertainty when there is a price decline. I have had that kind of experience before and I realize that it was not a healthy practice because this will influence our minds to think negatively in every drop we see. Just like you, I have not felt the pressure of selling as I was always optimistic about the future of Bitcoin. The current price decline is very common in this market, and we have never seen it stable ever since. It drops and it pumps again, that is how it works and that is the thing that everyone must understand.
hero member
Activity: 2632
Merit: 787
Jack of all trades 💯
It’s not their fault to think it’s a scam when they are blinded by volatility. Despite having some Bitcoin, I was careless about the reduction in price (even if I knew it’ll bounce back up) because the purpose of Bitcoin still stands even if we go down back to $18k. Stories like this are example of why we should tell people the primary purpose of Bitcoin while discussing the joy that could come from its volatility. Too many people think it’s all about when the price is increased, etc.
In my opinion, those who think Bitcoin is a scam certainly don't understand Bitcoin well and they only hear some information and don't seek to understand Bitcoin from those who already have a correct understanding of Bitcoin and for those of you who understand Bitcoin correctly, of course you don't. will be affected by volatility and also news that is not true about Bitcoin, so I think those of us who don't understand well how Bitcoin works and volatility of course they have to learn it well from those who have gotten results from investments that other people have made in Bitcoin. and they must hear it clearly so that there are no misunderstandings in understanding Bitcoin.

Most likely they don't have enough knowledge about bitcoin that's why they can say those words on this coin. They only look up for some idea that it needs demand before bitcoin price to rise and associate it as ponzi schemes. That's why they need to help theirselves since if they remain to think about that and close their doors to learn from this for sure in future when they see that someone's life has been changed from their neighborhood because of bitcoin for sure they would regret on why they ignore this and maybe think about that they could possibly earn the same if they listen.
So people should not close their doors for opportunity since there's a lot of modern ways on how they could able to earn and bitcoin is just one of that. If they are worried about price drop then maybe that's another information need to learn since key of success as investors always came from research and constant learning new knowledge about what they are trying to do.
jr. member
Activity: 45
Merit: 3

No worries at all if you know and seen how and last year has started.

Those that are worried probably bought at the new peak which is $73k.

The best is yet to come and who will be the most patient wins.
Anyone who understands how BTC operates would see no reason to get worried or panic cause the best is yet to come. It's only those who rushed to invest into it when they got little idea that would see a reason to panic when the price of Bitcoin goes down, most of them got into the market due to wrong informations they got about the halving.

 I believe the man who was complaining to his friend when the price went down would be very disappointed at himself currently if he had sold then cause few days after the price went beyond the initial price of about 57k it was when he made mention of selling his coin. Now this would teach him a lesson if he sold cause Bitcoin is currently 63k and has a potential of going higher.

 For a person holding for a long term, buying at the peak of 73k shouldn't be an issue, mostly  if the person bought bulk Bitcoin then there's no reason for panic cause there's a great possibility of Bitcoin going beyond that mark.
hero member
Activity: 3024
Merit: 680
★Bitvest.io★ Play Plinko or Invest!
Oh just relax guys after going to 73k why are we worried at this price now lol
No worries at all if you know and seen how and last year has started.

Those that are worried probably bought at the new peak which is $73k.

The best is yet to come and who will be the most patient wins.
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