There are lot of people who still need to study about bitcoin and the important of holding bitcoin, I know some people See's it as somewhere to make quick gain without them knowing it doesn't work that way they think. Most people just focused on the aspect of making profit from it without knowing that it requires time to hold and make gain, usually those who came with the mindset to immediate profits are the people who easily got discouraged over the price where they could get panicked and sold of the little they are holding instead of to keep accumulating as the market drop within these few days.
It is just about the profit and another problem people have when investing bitcoin is calculating and predicting when money can be made from bitcoin. Even in thus halving, so many people were thinking immediately after the halving the market value will be increasing so quick. After the halving the fall of bitcoin recently was a surprise to people because it was expected that after the halving their would be good profit in the market. Bitcoin is all about hodling , people should never be tired of hodling if they really want to make profit in bitcoin because it is only through hodling profit can be gained. 
Topic: Do not get discouraged by the current price of Bitcoin - page 7. (Read 1444 times)
Actually I think a lot of people get discouraged because of the current price of bitcoin. But that's not enough reason for you to get discouraged, considering the current situation of bitcoin yet no coin was able to overtake bitcoin, that is why bitcoin happens to be the most reliable and profiting coin in terms of investment. However I can never get discouraged no matter how the price is, I will just stick to it, reason been that I know pretty well that the future is bright, is only those people who does not understand the market very well that will get discouraged.
Not all bitcoin investors can manage their emotions when they are seeing their investments are dropping its value. And even if we are seeing them selling their coins, still they have the right to do it because it’s their money in the first place. However, if you are one of them, know that this is the best time to sell but most probably the best time to buy more bitcoin. If you are here for long term holding, then focus on it and don’t be bothered with how price correction gets worst in the market. 
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.
Let these people sell and eventually learn a lesson from it. For me, it’s not bad to sell your coins as long as you know already that you’ll end up at a loss. But as long as you’ll learn from your loss, that will matter the most. 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.
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.
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.
People that knows the value of the asset they are holding wouldn't have time to worry about the market price rally as it's not something new about bitcoin having. The fear that some bitcoin investors entertain is due to their in-depth lack of knowledge about bitcoin. Any bitcoiner should know following the history of past market circles that the event of the halving doesn't mean an immediate ATH or a follow up rise in bitcoin price. It could take months or a years depending...Been aware of this, all I do right now is buy and hodl with each price dip as the price keep rallying.
There are lot of people who still need to study about bitcoin and the important of holding bitcoin, I know some people See's it as somewhere to make quick gain without them knowing it doesn't work that way they think. Most people just focused on the aspect of making profit from it without knowing that it requires time to hold and make gain, usually those who came with the mindset to immediate profits are the people who easily got discouraged over the price where they could get panicked and sold of the little they are holding instead of to keep accumulating as the market drop within these few days.
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
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
A lot of people were really misinformed about the whole halving thing. Before the halving there were lots of stories everywhere advising prospective investors to buy bitcoin because 'immediately ' after the halving, there would be lots of profits to go home with. Many people bought bitcoins because of what they were told about the halving and right now, they are regretting buying, probably because they have invested amounts they cannot afford to lose. There is no point convincing someone who is no longer interested in Bitcoin to stay. This is why it is adviceable to always let prospective investors know that even though Bitcoin is a great investment opportunity, there are also risks attached to it. The people should be left with the decision to make by themselves if they want to take that risk or not.
The current bitcoin price should not be something that will bother anyone, we already know that bitcoin price is highly volatile, so keep holding. This is just a phase, soon we all will be smiling again.
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 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.
If he is not ready to follow his friend's advice then he should not blame his friend in future and the current dip is not a sign of scam but it is a correction. If bitcoin was a scam project then no one would have earned such a huge profit ever for the time of its origin.
If we are in doubt about any investment then we should not choose that platform because it is better to save our money instead of losing it due to our fear. If someone thinks that Bitcoin is a scam then don't force them to hold it because they will realize about their mistake in future when they will see another ATH.
This is the reason why one should not enter any investment most especially if it’s a highly volatile one like bitcoin if he is not ready financially and emotionally. Otherwise, he will only be capable of holding for a short time and when his expectations do not meet, he will end up with a decision that will most likely lose his investment. If we are in doubt about any investment then we should not choose that platform because it is better to save our money instead of losing it due to our fear. If someone thinks that Bitcoin is a scam then don't force them to hold it because they will realize about their mistake in future when they will see another ATH.
This period is the correction period where a lot is happening and I believe, core investors wouldn’t be panicking in any way now but rather be seeking ways to buy more and accumulate more of bitcoin and just for the record, bitcoin has already touched a new ATH even before the halving and if there is any reason to believe and trust in bit coin, should be now in the bull run market where everyone one but the newbies with proper coach or mentor and the Learned investors should all be earning from the market at this very point.
Rather than wanting to fight the gospel, I think, it will be wise to join the moving train and make some good and rewarding profits rather than been left out because of ignorance.
Rather than wanting to fight the gospel, I think, it will be wise to join the moving train and make some good and rewarding profits rather than been left out because of ignorance.
Actually I think a lot of people get discouraged because of the current price of bitcoin. But that's not enough reason for you to get discouraged, considering the current situation of bitcoin yet no coin was able to overtake bitcoin, that is why bitcoin happens to be the most reliable and profiting coin in terms of investment. However I can never get discouraged no matter how the price is, I will just stick to it, reason been that I know pretty well that the future is bright, is only those people who does not understand the market very well that will get discouraged.
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
Weak hands are their own worst enemy, since the only thing they need to do to accumulate profits they may not see in other markets, while at the same time they take almost no risk on the process, is to keep holding their coins, but many of those people expected for bitcoin to present an upwards movement immediately after the halving, and this was not going to happen, since whales are really smart and they are playing with the patience of those people, knowing very well they will get desperate and sell their coins, which they can later buy for cheap. 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
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.
The guy who wants to sell reminds me that you can never lose investing in Bitcoin except you decide to sell prematurely. The problem he is having is ignorance and it will cause him to lose some money. These are the same people that will go around saying Bitcoin is a scam, meanwhile, they failed to do a proper study of the industry before investing. 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.
These premature investors came into the Bitcoin market with the mindset that Bitcoin is a get-rich-quick scheme. The want to invest today and cash out big profit in few days. I don't think the Bitcoin space needs this kind of investors who come with this kind of orientation. We still believe that Bitcoin price will go up but nobody knows when or how. We just have to be patient and don't allow FUD to determine our decisions. 
I overheard a discussion between two friends and one was telling the other that Bitcoin is a scam
It’s crazy to think that in the year 2024 people still believe that bitcoin is a scam.It is crazier to think that in the year 2024 there are still people who do not know that Bitcoin exists. Bitcoin adoption and information dissemination is still in the process to reach people that are yet to know about Bitcoin especially those who are in rural areas.
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I just know that these people do not understand the actual concept of bitcoin that is why they say that it is a scam. I do know the dangers of scams particularly ponzi schemes however it has been well 15 years since bitcoin was launched and people still do not understand how different bitcoin is to a scam
Well, there are people who were a victim of ponzi schemes and fraud company that uses Bitcoin as their "products" to entice people into investing in their company, so we cannot avoid that people who are a victim of these schemes may think that Bitcoin is a scam worst, probably they even spread their belief to their friends making these "friends" think that Bitcoin is a scam without even knowing what Bitcoin is. So it won't be surprising that there are still people think that Bitcoin is a scam, even in social media some known people still think Bitcoin is a ponzi scheme.
But regardless, as long as a person understand the Bitcoin market, instead of being discouraged, they will be greatly encourage to accumulate Bitcoin especially when it price drops and it happened after the halving because the Bitcoin history shows that price surge after some months of the halving event, and this is the best time to enter and reenter the market.
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
The halving was supposed to pump the price of Bitcoin but right now we are all seeing a negative outcome from that. 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
I don't we don't need to be too bothered about the current market because all we have to do is to make sure we are holding and that is how e can benefit from the entire crypto market. Cryptocurrency market is huge and because of the panic of not seeing a good results in the market, many investors have been selling part of their holdings to invest in other sectors.
This is something that has happened historically as well. I keep telling R100K community members to not be discouraged. This is just post-halving price corrections. Bitcoin achieved a new ATH a month before the halving, which is why there's been a significant dip after the halving. More importantly, the bull run doesn't happen directly after the event. It takes a few months. So, my hopes are high. You can even benefit from the dip by investing in the right high potential coins and bitcoin so your portfolio remains diverse. I have invested in a crypto firm that offers great returns and promises maximum profit when bitcin reaches 100k., so I'm in it for the long haul!
Op the fried who was eager to sell his Bitcoin does not understand Bitcoin and also he do not understand scam. If he was hodling Bitcoin for some times now and that the market price just slightly reduce and he started to panic again to sell off his coins. That looks like hypocrite. The guy is not truthful because probably he is hidden something from his friend if how some keeps Bitcoin when it was high and selling in the low. If if was a Ponzi Scheme, he wouldn't keep his coins there until now.
And if he kept it till now, he wouldn't withdraw it because they would freezed the coins and tell him different stories to steal the coins. He has to study Bitcoin more before he can invest in Bitcoin. And panic selling is not good in Bitcoin because you missed the real track to sell. And the best way is to be patient. Even now again the market is regaining itself.
Your friend is just like this guy.
And if he kept it till now, he wouldn't withdraw it because they would freezed the coins and tell him different stories to steal the coins. He has to study Bitcoin more before he can invest in Bitcoin. And panic selling is not good in Bitcoin because you missed the real track to sell. And the best way is to be patient. Even now again the market is regaining itself.
Your friend is just like this guy.
The price of bitcoin is falling, so it's an opportunity to collect assets for the future. Learning from experience, many people waste opportunities when bitcoin goes down, so they regret it when the price of bitcoin goes up. Don't lose the opportunity to be rich in the future.
Bitcoin has been around for more than 10 years, still calling it fraud? I think your friends have just entered the world of investment, that's why they are afraid of losing much bigger money. They only think about short-term profits. Increases and decreases in investment prices are very common, so don't panic too much about this. True investors will of course not sell their assets now, they will continue to accumulate gradually and sell their assets at the price they want.
What is happening currently is just like what happened when the news that bitcoin ETF would be approved by January 10th,and before then a lot of people invested in bitcoin thinking that immediately the ETF is approved bitcoin price will skyrocket. Maybe that guy is in a rush to take profit thinking bitcoin works like ponzi scheme.
It didn't happened like that, but instead the price of bitcoin dipped for some days before it started pumping. So most people that are panicking because of the recent dip, thinks that immediately after the halving, the price of bitcoin will pump, which is where they got it wrong. The halving only triggers the bull run, so no need to worry because the bull run is on its way. Relax and hodli, if you ha e extra funds enjoy buying at the dip.
It didn't happened like that, but instead the price of bitcoin dipped for some days before it started pumping. So most people that are panicking because of the recent dip, thinks that immediately after the halving, the price of bitcoin will pump, which is where they got it wrong. The halving only triggers the bull run, so no need to worry because the bull run is on its way. Relax and hodli, if you ha e extra funds enjoy buying at the dip.
Bitcoin itself isn't a scam, and calling it so is just a mistake based on confusing Bitcoin with other things (other crypto projects or scammers who take BTC from people).
But I also think there's no sense in convincing people to hold Bitcoin. Financial decisions are personal, and if someone feels uncertain, it makes perfect sense for those people to sell.
But yes, temporary price fluctuations aren't a strong reason to sell and don't mean anything it wrong or riskier than before with Bitcoin.
But I also think there's no sense in convincing people to hold Bitcoin. Financial decisions are personal, and if someone feels uncertain, it makes perfect sense for those people to sell.
But yes, temporary price fluctuations aren't a strong reason to sell and don't mean anything it wrong or riskier than before with Bitcoin.
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