Topic: Do not get discouraged by the current price of Bitcoin - page 9. (Read 1472 times)

Anyone who is experienced and has not just rushed into investing in Bitcoin because of the fancy advertisement most people spread about it and halving should be able to understand that Bitcoin prices don't just move upward just immediately after the halving.
 
For the guy with whom you overheard their discussion, expecting Bitcoin to reach $80,000 just after halving is a clear indication that they don't even know how halving and market movements work.
 
Those who invested their money on bitcoin just to cash out after the halving with a large profit with what's happening right now in the market will definitely be discouraged to take such a step next time, which is why people need to study what they are investing in before rushing to conclusions. Overexpectation is what kills most newbie investors.

I am sorry to tell you that your friend will soon regret selling his Bitcoin. This is a time of fear and those with weak hands will quickly give up their Bitcoin, which the whales will happily swallow.

This happens in every cycle, especially with those who do not have much experience in the Bitcoin market and its price cycles. It is true that Bitcoin has declined currently, but it will return quickly and exceed its previous peaks, so the prize will go to those who are patient and hold on in the long term.

We don't have any control over the current price market of what will be the price of BTC. There is a dark pool of known companies or big traders who privately trade on the crypto market where no one knows if someone in the dark pool is selling a large amount of BTC or buying.
Right now if we see bearish price movement about BTC we can't control anyone who wants to sell their holdings it's the nature of newbies who do not know the risks of crypto I have experienced too that they said BTC is a scam but the fact is I didn't invite them to invest I just let them know about what is bitcoin and how it works.

There's nothing we can do to those who don't believe let them experience some regret once the price of Bitcoin rises again near ATH or reach a new ATH.

Your friends represent 2 types of BTC-investors:
1 - Absolutely not understanding and not trying to understand the fundamental principles of bitcoin pricing, not to mention the technical aspects and capabilities of this financial asset. This category is only interested in quick and instant profits.
2 - Reverse opposite. This category may show genuine interest in technology (at least superficially).

Bitcoin is very unpredictable and, as if on purpose, doesn't live up to expectations, changing the “trajectory of his flight” in a completely opposite direction from expectations.

Everything would be too simple if it was enough to “buy before halving -> sell after -> take profit”. The cryptomarket knows how to arrange surprises.

People from 1st category panic more often and suffer losses. This is the unfortunate fate of quick, superficial investors. It seems that you are from the 2nd and therefore maintain your composure and accumulate bitcoinsold by the 1st category of investors. Anyone here will tell you that you are great.

those with short-term purposes in buying BTC will panic and sell. most of them desire to make a profit as quickly as possible and get out because they probably need the money for something else. but its not very surprising anymore that in every bull run they think they could cash out every time the price spikes, this is why they are also losing money because every time the price also dips, they sell in panic.

once FED meeting is over i think those guys will also rethink of buying again. every time there is news about cut ratings or big cryoto personality imprisoned I guess there is something to Fud about.

Well thats inevitably on some people to get scared especially when they are seeing their portfolio cracking down. There will come a time that most users will understand that this is a test of emotions and should not be overstepped. Focus on building or something you knew have sense later on. Seeing red blood msrket will only give you headache focus on other stuff.

Those who don't have patience will never have huge profit on Bitcoin.  Weak hands will sell, let them, just keep on DCA and be glad of the current discounted price of Bitcoin. 


Let him be, it is his loss, not ours.  Besides if we insist to tell them not to sell, he might get annoyed and get angry with us, so just let him do what he intended to do.  After all it is his Bitcoin so all the right to sell is on him.


Well, probably the guy is misguided by the person who introduced Bitcoin to him.  Probably the guy (the one who introduced Bitcoin) told the guy that Bitcoin market is ever increasing.  And now that the market plummet, this guy got disappointed the reason why he wanted to sell his Bitcoin holdings.


If one study the Bitcoin market history, he won't be surprised on the current price crash.  Bitcoin is highly volatile plus there are people who have huge stash that tends to influence the market by initiating sales to crash the market or buying to make it surge.  Since most of the huge trader uses Bot, any event that crosses its stop-loss will trigger liquidation and that maybe the reason of the sudden sell-off in the market.

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.

I don't believe that at this present time people will still be lamenting that Bitcoin is a scam they don't have to take them anything to make a research So find that if Bitcoin is a scam or not because many people now is into the bitcoin markets because they have already noticed that Bitcoin is not a scam and the when you invest on it properly you will make a profit but when you don't invest on it properly you will not make a profit so that is the thing that is involved in Bitcoin.

Currently is not good for someone to be dependent to the friend in anything that deals with cryptocurrency because you can make a research with your handset and the laptop if you have any of them when you carry on your research you will find out the good and the bad that is involved all that is into a cryptocurrency, that is why they get discouraged by people concerning the price of Bitcoin because when you are not informed you will be totally deformed.

On credit score. You can use it for collateral if you want a loan.

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.

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.

Never advice anyone to invest in anything, if things go south - you will be blamed, you will lose a friend or maybe get in a life long fight with a family member.
Worst case scenario, they will go to court with you for wrong financial advice etc.

Best case scenario, the investment goes well - they will praise themself for investing and maybe you'll get a "thank you".

Even if you put "disclaimers" that they can lose everything, the anger will be as high as the hype they had when investing.

As for buying/selling opportunities, each trader has his own "strategy", less advanced ones follow others but in the end it's as good as "systems" for winning a lottery / slot machine "jackpot".
What you need to have is rules, iron rules that can't be bend like selling when certain asset goes down more than x percentage, otherwise you're just holding for your dear life on a stormy weather.

 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