Pages:
Author

Topic: Do not get discouraged by the current price of Bitcoin - page 5. (Read 1444 times)

full member
Activity: 1035
Merit: 200
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.

If you are constantly watching the market, you will see that it has already recovered a bit from that dip and is currently trading above $63k, so there is no sign for it to go as deep as $52k or lower. This coming week will show where the price will move next, investors will need to be quick with their decisions.

Since Bitcoin was first created until now, it has been proven by research and recognized by great people who have high IQs in accordance with reality. It's not wrong if we think it's just a waste of energy like in my first paragraph above to convince the stupid thoughts of one person who decided Bitcoin was a fraud.

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.
member
Activity: 294
Merit: 40
★Bitvest.io★ Play Plinko or Invest!
The starting price of Bitcoin in January was very poor if I begin to link it to the current price, it has no discouragement on me. Anybody that bought Bitcoin at a very low price will not feel disappointed even now that the price has reduced to $60000. In  no time, probably before the end of this season Bitcoin price will still pump. The only investor of Bitcoin that will feel disappointed right now are the people that invested when the price of Bitcoin was $73, 000 but let them be patient and the price will bounce back.
full member
Activity: 1190
Merit: 212
★Bitvest.io★ Play Plinko or Invest!
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.
hero member
Activity: 1540
Merit: 772

In my opinion, one should stay away from this friend who does not understand what the creataria of Bitcoin investment is. . And the person who doesn't know this, then he should just leave it where he is, meaning to explain it to someone who doesn't even know the B of Bitcoin is abusing himself.
Not always people like to hear our sermons. Especially what was said about money. Enough to advise yourself to be wise.
I am of the principle that people who are only ready to accept reality in happy situations and refuse to accept reality when it is difficult, are not ready to be true human beings.
The action I would take, would be to ignore him by pretending he never existed.

Since Bitcoin was first created until now, it has been proven by research and recognized by great people who have high IQs in accordance with reality. It's not wrong if we think it's just a waste of energy like in my first paragraph above to convince the stupid thoughts of one person who decided Bitcoin was a fraud.
sr. member
Activity: 1358
Merit: 268
★Bitvest.io★ Play Plinko or Invest!
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.
full member
Activity: 1176
Merit: 165
★Bitvest.io★ Play Plinko or Invest!
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.
This isn't the first time bitcoin is experiencing a DIP, in fact, Bitcoin has experienced even bigger DIPs than this in its history, but it's ability to always bounce back and break through current ATHs to a new one has always been what strengthens the hopes of investors who.
As an investor, you're supposed to prepare for everything and anything, knowing too well that the market is very volatile and unpredictable and so can take any shape at any time, so one should always be prepared even for the DIPs when they eventually come because they'll surely come whether you're prepared or not.
There'll always be people who will complain during a DIP and there'll also be people who will end up making wrong choices and decisions too due to fear of the unknown, but preparing your mind and expecting it will help you look beyond the short term fluctuations and focus more on the long-term trajectory.
sr. member
Activity: 1582
Merit: 281
Eloncoin.org - Mars, here we come!
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.
member
Activity: 448
Merit: 94
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.
Make we just continue to dey sit down ontop. Our opinions matters because most people are just here to sabotage their business. We should always knows our problems and the ones we can confidently resolve and the complicated ones that will need the hands of the very top.We ought to refused from any nonclear figure because the safety of the students shouldn’t be down here. Bitcoin is now scam and have played good roles to the smart ones, they understands the market and gives their 100% to their bosses.
legendary
Activity: 3122
Merit: 1147
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.
A decision that would make him regret it. Not many people are able to be patient with market conditions even though it is still testing.
As most people say, there is no need to take part in discussions between two of your friends because it is not important at all. Making decisions without any knowledge based on boredom is a stupid act. It's not our money, it's none of our business.

If the current market conditions make it difficult to break the price of $75k, then it should be remembered that Bitcoin once reached a price of $73,777 which is close to $74k.
If a few moments ago the price fell to $56,552, now it has strengthened again to $61k.
Patience is needed but don't give advice to people who think like one of these friends.
If it’s not your money, then you have no control of it even if it means selling all their coins at the current price condition. Let him sell so he will experience how it feels to be at a loss, and surely regret will come later and by that time, he’ll learn his lesson from his own wrong action.

You know we met a lot of people like this in the forum. But don’t worry, they won’t act stupid all the time, they just have to learn their lesson the hard way so they’ll be able to understand how halving really works in the market. And how patience can help them reach far from where they are starting.
sr. member
Activity: 546
Merit: 334
I really wonder why people think that when Bitcoin doesn't meet their expectations, they immediately assume that Bitcoin is a scam. Moreover, they only look at the market from the halving. But what is certain is that I understand that perhaps it was due to their disappointment when they saw their portfolio drop drastically.

However, the price of Bitcoin will definitely change. I think the best way is to stay calm and think clearly. As well as providing an opportunity for the crypto market to make quite good progress. but this certainly won't be easy. be patient, once again. We can also take advantage of this opportunity very well. But indeed, it won't be that easy. still a long time.

People who later failed in bitcoin investment and said it was a scam are those who rush to invest. These are the people who did not learn anything basic about the investment. Because they see or hear that the price of bitcoin will soon reach ATH, greed pushes them into the market. And bitcoin investment is not working that way. As an investor, you have to know everything about the investment, both the dos and don'ts of it, and the risk of bitcoin investment is very important too.

You know they don’t really know the risk of the investment until they invest, and they later realise how the market works and some other risk that is attached to bitcoin investment, which is when their eye is getting cleared. You will hear someone claim that Bitcoin doesn’t favour him, not knowing that he or she is the one who did not follow the right path.

The price is very volatile. No one can confidently tell you how the market will look now or after, so we need to be very careful when it comes to investing in bitcoin, knowing the risks that are attached to it and also being ready for a long-term investment because people get confused when they see the market is dumping and sometimes even sell at a loss, which is not the aim of the investment; the aim is to make a profit from it. 
hero member
Activity: 1400
Merit: 911
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.
If someone wants to sell their coin, you don’t have to force them to keep on holding. Everyone has the right to do what they want, since they invested their money, so they can sell when they want. The problem people are having is that they don't really know what halving is all about. Most of them just think that after halving, bitcoin will start pumping, but it's not like that, always it does take months before the bull run will start.

Some people sold their properties just to invest in bitcoin because they heard after halving that it was going to pump. Most of them don't know it's not immediately after halving, and now people who don't know much about halving are angry that bitcoin keeps on dumping even after halving.

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  
If there is any dump, if you have any amount of money that you won’t be using for now, then you can just keep on accumulating your bitcoin. Just know that a bull run is coming, but the problem is that nobody knows when it’s going to start; it might be when people never expected it, so just be prepared.
hero member
Activity: 2730
Merit: 632
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  
If you do get used to on how this market works or behaves then you do find yourself having that better control.  Wink

One of the main reasons on why i dont really make myself giving out some suggestions or recommendations to other people is that whenever they do lose up money then the ones that would be taking out the blame is the person that make out some introduction to them on which they would really be pointing out their fingers on you as if you are the ones whose at fault on losing up money.
If they were really that been aware on how this market works then they wont really be making out such thing or those kind of comments.

On the time that you would be able to gain up that sufficient experience then you would really be finding yourself that be able to handle out such situation or condition.
This is why experience would be the best teacher as always.
legendary
Activity: 2954
Merit: 1159
Quote
If you continue to be in a friendship environment like that, it's bad for you. If you have no other choice, confront your friend with his stupid thoughts by explaining that Bitcoin is not about 1, 2, 3, 4, 5, 6 or 7 digit prices. Still persisting in his stupidity, leave him.
In my opinion, one should stay away from this friend who does not understand what the creataria of Bitcoin investment is. . And the person who doesn't know this, then he should just leave it where he is, meaning to explain it to someone who doesn't even know the B of Bitcoin is abusing himself.

One may either convenience the other person that Bitcoin is not a scam or else you may stop this argument as it is hard to change the opinion of the people generally. With the passage of time, those who do not believe in bitcoin will change their statements and view point when they will see the adoption of bitcoin worldwide and more and more people using bitcoins globally.

Even the people does not know what is halving and how it put a cut on the supply of bitcoin and miners reward. They only think of Halving as the sell the news event and therefore we usually see pressure on bitcoin price right after the halving. However, soon this short them dump in the bitcoin price will be over and then we will enter into a real bull phase of the market.
sr. member
Activity: 714
Merit: 288
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.
It's just a waste of time and positive thoughts to try to explain everything related to Bitcoin to such models of friends who think Bitcoin is a scam.
His understanding of Bitcoin is only about price. Only willing to accept Bitcoin when the price is increasing while when the price is decreasing, one or two reasons will be born to consider Bitcoin a fraud.
Hahaha, this is absolutely right!
It is better to explain to a friend who says that Bitcoin is a scam than to explain to a layman because whose belief is based on negative teaching, then explaining to him is nothing less than a pointless task. Anyway, you spoke to my heart, we can't even encourage a person who thinks Bitcoin is a scam. But explaining to him that Bitcoin is one of the best assets for investment blah blah becomes a little difficult task. 
 

Quote
If you continue to be in a friendship environment like that, it's bad for you. If you have no other choice, confront your friend with his stupid thoughts by explaining that Bitcoin is not about 1, 2, 3, 4, 5, 6 or 7 digit prices. Still persisting in his stupidity, leave him.
In my opinion, one should stay away from this friend who does not understand what the creataria of Bitcoin investment is. . And the person who doesn't know this, then he should just leave it where he is, meaning to explain it to someone who doesn't even know the B of Bitcoin is abusing himself.
legendary
Activity: 3080
Merit: 1292
Hhampuz for Campaign management
Who the hell is getting discouraged by the current price? The people that are trying to get in right now? I don't think that it's a discouraging price because in my opinion, no matter what the price is as long as it's not yet the end of the world, it's never going to be a bad time to invest into bitcoin. In my opinion, when it comes to bitcoin, it's probably in our best interest to just jump right in, invest in it and do the waiting game, most people do the waiting game when they're not invested into bitcoin in the first place, that's the wrong thing to do, you don't want to be doing that because you don't get anything out of it. That's why veteran bitcoin investors are telling newbies to hodl because at the long-term, bitcoin is almost always going to go up and the profit will be astronomical but we still don't have any idea how huge it's going to be.
People who entered bitcoin investment without doing some research are definitely the ones who are discouraged right now with the current price, but I don’t think these long term hodlers who have already experienced past halvings still get discouraged with how the post halving has turned. It’s normal to see btc price drops after a halving event, because we all know after a couple of months, bitcoin price will eventually create a significant rise which may lead to achieve its new all time high in the process.
legendary
Activity: 2296
Merit: 1335
Don't let others control your BTC -> self custody
I don't get discouraged at all since my bitcoin is worth 100x more than I paid for it years ago, even at -20% from the top. The way I see the current price action is that it's a battle between ants. When you stand on the grass, all you see is the weather outside, trees, nature, but below, right next to your feet, there can be a whole ant colony of over a thousand workers panicking that some giant is walking by and shaking the ground. People who bought their bitcoin at $65k might panic when it goes below 60 because they feel like losing 10% is a disaster, but people who hold 100 BTC bought at $1k don't care. They can be up $6 million, or $5.9 million and they'll sleep like a baby every night.

Bottom line- this is a matter of perspective. For some of you this was a crash, for others just a shakeout of weak hands and gamblers.
legendary
Activity: 2716
Merit: 1225
Once a man, twice a child!
It has been only a couple rough days, we are back on track now!
But of course, it's obvious Bitcoin isn't done with upward movement yet. In fact, now isn't even the right time to short Bitcoin. Those who trade Bitcoin should be out looking for buy opportunities, not sell. I'm sure those who sold a few days ago when the market experienced a dump will be regretting doing that now. Well, I don't know if Bitcoin will fully recover from here to the upside or it will still dip again to the $52k region to test it as there's a strong support down there and a gap for it to cover.
member
Activity: 99
Merit: 57
It has been only a couple rough days, we are back on track now!
sr. member
Activity: 504
Merit: 421
Obviously, one of the best decisions he made was investing in Bitcoin but he didn't gather enough information prior to investment. If he had done that he'd know that the price was not going to explode immediately after halving. Sadly, many persons are making this same mistake, they feel discouraged by this hiccup, but it's just a deep and it's very normal. The market may not be looking good right now but it's going to bounce back real soon and they're going to be thankful for buying Bitcoin and HODLing.
legendary
Activity: 2898
Merit: 1253
So anyway, I applied as a merit source :)
Post halving events are certainly testing our patience a lot most particularly for beginners. And even if you fall from it, that’s still fine as long you will not repeat doing the same mistake again the next time you invest and hold for long term.
Post halving patience testing is one way to put it. Definitely this has been the least action mixed halving till date and people are thus panic selling or panic buying at the wrong times making the prices go haywire. However the overall movement has been positive as of todays date as bitcoin is climbing back up to 61k USD and moving in the greens. Still these movements are all temporary and opposite side movements will not be uncommon. This is one of the facts that bitcoin investors need to get in their heads. The short term volatility is high and panic or FOMO will only lead to bad outcomes.

The decision to invest or divest from bitcoin should be taken after long term charts viewing not just today and yesterday's price.
Pages:
Jump to: