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

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.


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.

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.

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.

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.

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.

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.

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.

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.

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.

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. 

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.

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.

If you do get used to on how this market works or behaves then you do find yourself having that better control.  

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.

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.

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. 
 

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.

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.

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.

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.

It has been only a couple rough days, we are back on track now!

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.

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.