Don't keep your hope in any news of bitcoin

Ever-young

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Quote from: Riginac111 on May 01, 2024, 10:39:17 AM

Sometimes the news of bitcoin maybe contradictory and when hoping on positive news of bitcoin you maybe backslide, because many people have thought that the price of bitcoin is now getting upright but it shock some people who hoped-for speculation of Bitcoin and believes that as people speculate on price of bitcoin that the price will be going up all through this year, whereas the price of bitcoin is depreciating in the market almost every day, so I don't know why bitcoin can not be depending on.

Normally we supposed know say Bitcoin na man made, so we no go dey expect am to dey, dey permanent everytime, sometimes e go appreciate, sometimes e go depreciate, na e mk dey say if person wey no fit dey control e emotions or wey no get patient no fit join, as e go dey fluctuating at times, and some people fit dey fall sick wen e no dey go as dey plan am to dey go. So if person won depend on Bitcoin, mk e no really put all mind for der, mk e carry am for mind say e fit fall or rise at anytime.

teamsherry

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Quote from: Riginac111 on May 01, 2024, 10:39:17 AM

Sometimes the news of bitcoin maybe contradictory and when hoping on positive news of bitcoin you maybe backslide, because many people have thought that the price of bitcoin is now getting upright but it shock some people who hoped-for speculation of Bitcoin and believes that as people speculate on price of bitcoin that the price will be going up all through this year, whereas the price of bitcoin is depreciating in the market almost every day, so I don't know why bitcoin can not be depending on.

Your entire post took me a while to read cause you made a lot of typo error, try dey crosscheck watin you dey write before you post am, I don't see how anyone is depending on bitcoin except those that are short term investors that maybe took all their life savings and invested in bitcoin in the name of bull run, but this hardly concern long term investors that has seen all this countless times or are more focused on just accumulating bitcoin and trying to grow their stash in bitcoin.

Uhwuchukwu53

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Quote from: Charles-Tim on May 01, 2024, 12:23:20 PM

Quote from: Kelward on May 01, 2024, 11:56:27 AM

but di truth be say research don show say bull run no de start immediately after halving. Any investor wey de hudl Bitcoin no suppose to de focus on di short term pump and dump price speculations, because na long term project im suppose be.

I can not agree more. This is what I would have posted. Bitcoin do not increase in price immediately after halving, it can take 2 or more months before the price will start to increase.

Yes several times I have gone through some Post indicating that after halving there always some drop in BTC before the main bull run will commence, having the feeling that everything will just rise immediately is lack of the market knowledge, for op saying about not having hope without putting hope weather the news is positive or negative how will one be motivated to buy currently as dip is on, hope is a tool that make investor who is willing to buy and hold because BTC must surely rise when the Bull will fully kick start, good information matters for any who is into this market, for me this is the right time to put All hope in buying while awaiting the due day buy holding as many as one can hold .

RockBell

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Quote from: Riginac111 on May 01, 2024, 10:39:17 AM

Sometimes the news of bitcoin maybe contradictory and when hoping on positive news of bitcoin you maybe backslide, because many people have thought that the price of bitcoin is now getting upright but it shock some people who hoped-for speculation of Bitcoin and believes that as people speculate on price of bitcoin that the price will be going up all through this year, whereas the price of bitcoin is depreciating in the market almost every day, so I don't know why bitcoin can not be depending on.

Any news you see about bitcoin is just for the main time, so it is better to ignore if not it might ignite you wanting to sell, from the nature of the price you will know that it is influenced be one news. And that is one of the elements that affect the price and specifications is news and that is one of the reasons that predictions fails sometimes.

And that is why I don't really consider trading, prefer to hold and ignore till the price goes up no stress. There was prediction after halving and now due to some particular news the price started depreciating.

Belarge

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Quote from: Charles-Tim on May 01, 2024, 12:23:20 PM

I can not agree more. This is what I would have posted. Bitcoin do not increase in price immediately after halving, it can take 2 or more months before the price will start to increase.

We should do our best to equipped the free flowing profits in the system. The trending news about bitcoin doesn't end end because there's more coming to displaced our settlement in the system. It have become difficult these days getting help because everyone is keen on making money and they wouldn't allow any barrier to stop them not when they're very close to achieving their target. I would say this halving is just overhyped and it's inappropriate for those investors that have gained enough stands in the system.

Gozie51

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If you know you know. Usually during halving and after it, the price of bitcoin dey go down and that na because some whales want go buy cheap so dem go dump their huge hodling causing fear for the market and weak hodlers and short term hodlers go begin leave the market make dem no lose their small profit while they will miss the bigger gain at the long run. So when price don drop from high selling price, people buy back from bear and that time the real bull go take place and this is almost like a year after halving.

So no need to panic at all. Bear time like this na better season to gather more coins whether btc or altcoins and then wait for bull run.

Salahmu

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The truth is that speculation and news has greatly affected the mindset of most people who wants to invest on Bitcoin because before this time their has been numerous speculation that Bitcoin price will drop drastically while others believe that instead of depreciating the price will keep soaring and most starters became confused on the right moment they could start accumulating Bitcoin, although Bitcoin price has gone down a lot but that shouldn't be a determining factor for someone to start investing on Bitcoin, although it all depends on the intention of the investors because one thing I understand is that most of those people who are into trading are the ones that normally look for a drop on Bitcoin price before they could start investing but however if your intentions on Bitcoin is for a long term holding I don't see the reason why either speculation or news will determine your investment decisions on Bitcoin so no matter the current price of Bitcoin shouldn't prevent someone from accumulating.

Fiasem20

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As a Bitcoin enthusiast you suppose know say bitcoin na volatile currency.De volatile means say the price of Bitcoin no stable,at one point e go increase and decrease,so na traders dey time the market wen the price high so dat dem fit sell to make quick profit but for the holders dem dey accumulate BTC for long period of time and when the bull run season reach which go give huge return dem go sell.Person wey know wetin ehn dey do no go dey follow misleading informations online,all those bloggers wey no even dey into BTC dey really mislead newbies well well.Now halving don pass most bitcoin enthusiast dey expect de price to high in an twinkle of an eye no be so oh after the halving e go take some months before the price go increase.

CryptopreneurBrainboss

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Quote from: Kelward on May 01, 2024, 11:56:27 AM

I realize say after di halving, many newbies de expect say Bitcoin price go begin to surge and we go enter bull run immediately, but di reality now be say price de dip di more everyday, and some of dem panic and de rush to sale dem Bitcoin, but di truth be say research don show say bull run no de start immediately after halving. Any investor wey de hudl Bitcoin no suppose to de focus on di short term pump and dump price speculations, because na long term project im suppose be.

I remember say I dun talk for similar thread for this local board based on this same issue. We no suppose dey fear when Bitcoin dey crash. How bad can it be na wetin we suppose dey ask ourselves because no matter wetin the market like we're no longer in the days of the continuous bear market. Na bull we dey enter like dis so no matter how Bitcoin fall reach in a few period of time e go begin to go back up. If na those days of bear market na when we suppose to dey fear say Bitcoin dey fall but for now make we just dey see all this ones as initial gra gra wey Bitcoin dey do to drive away weaker hands so only those wey get full confidence go benefit when Bitcoin begin dey increase.

This one wey the OP dey title this thread say make we no keep hope on any news of Bitcoin I no understand because if we no keep hope, how we go get mind dey invest inside Bitcoin. The thing just be say make we no believe say na this particular time wey Bitcoin go increase or decrease because anything can happen. Wetin you need to dey do na to dey buy Bitcoin and dey hodl, future go reward only those that had the patience to hodl unto their Bitcoin.

AVE5

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That's true and such emotions is basically effective to the beginners and those who're natural sentimental and just wanted the movements of the bitcoin market to roll over their favours.
Bitcoin investment is not for the weak that can't take control of their investing emotions.
Prediction of the bitcoin price doesn't in anyways contributes to the market rather speculations only wide spreads to bring volume of adoption of bitcoin by the investors.

Bitcoin is highily a non custodian digital currency which not even its Investors predictions and hyping can contradict its potentials and reputations suffer as it's not one of the AltCoins and the MemeCoins.

EL MOHA

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Quote from: Riginac111 on May 01, 2024, 10:39:17 AM

Sometimes the news of bitcoin maybe contradictory and when hoping on positive news of bitcoin you maybe backslide, because many people have thought that the price of bitcoin is now getting upright but it shock some people who hoped-for speculation of Bitcoin and believes that as people speculate on price of bitcoin that the price will be going up all through this year, whereas the price of bitcoin is depreciating in the market almost every day, so I don't know why bitcoin can not be depending on.

People that think that bitcoin price will grow immediately after halving are not just naive people but also propel that I think have invested what they cannot afford to lose in bitcoin and they are expecting to take profits soon. Even the past Bitcoin history the bull run as everyone as stated didn’t start immediately after the halving but months after it. This time although quite different during its pre halving market pump, the price will make heavy corrections and to me we have just started. They are different news surrounding bitcoin this days so when you come across any one spreading a narrative or speculation about bitcoin shouldn’t be regarded and one should just learn to be patient

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Quote from: Riginac111 on May 01, 2024, 10:39:17 AM

Sometimes the news of bitcoin maybe contradictory and when hoping on positive news of bitcoin you maybe backslide, because many people have thought that the price of bitcoin is now getting upright but it shock some people who hoped-for speculation of Bitcoin and believes that as people speculate on price of bitcoin that the price will be going up all through this year, whereas the price of bitcoin is depreciating in the market almost every day, so I don't know why bitcoin can not be depending on.

After the Bitcoin halving, it is expected that the price of Bitcoin start to dump drastically due to price correction, and that price can take the price of Bitcoin to an unfavourable depth to all investors who are holding, but at the same time it can be seen as an opportunity to accumulate more. I don't know where you got your idea from, but it is generally know for the price to dump after the halving. This is why we should verify the informations we get online especially from some influencers on X, and other social media before we take them into our pool of memory are share them as ideas, because one can be misled by just hearing or reading your post.

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Quote from: Riginac111 on May 01, 2024, 10:39:17 AM

so I don't know why bitcoin can not be depending on.

Depended on via as a job or as a mechanism of making daily profits. The worst mistake wey peso go fit do na to assume such about bitcoin wey go make them depend and put their hope on bitcoin sae bitcoin investment go be like a job provided for them. So make them they invest on am the go since there is every tendency of them making profits out of their bitcoin investment. If bitcoin later go otherwise, them go begin to the complain the give people on bitcoin disappointed them.

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Quote from: Riginac111 on May 01, 2024, 10:39:17 AM

so I don't know why bitcoin can not be depending on.

You sef fes tok am say the news on Bitcoin dey contradictory and @Kelward don tok am say nah very volatile coin we dey deal with and as such e go dey unwise to depend on e price. The reason we dey advise people to trade with wetin dem fit afford to lose nah of the off chance say price no dey favorable and them run into loss, them no go so feel am.
For this halving, many people wey never experience am before go feel say as soon as e come, the price of Bitcoin go shoot sotey people wey invest go gain excess immediately but that nah misguided information. Bitcoin go rise but no be immediately but that no mean say we no go dey drop ear for news about whether e go go up or not.

Charles-Tim

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Quote from: Kelward on May 01, 2024, 11:56:27 AM

but di truth be say research don show say bull run no de start immediately after halving. Any investor wey de hudl Bitcoin no suppose to de focus on di short term pump and dump price speculations, because na long term project im suppose be.

I can not agree more. This is what I would have posted. Bitcoin do not increase in price immediately after halving, it can take 2 or more months before the price will start to increase.

Kelward

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Di crypto market de volatile, dat na why we no fit to say Bitcoin price must be dis or dat in di future, na only speculations we fit to do, and every experienced Bitcoin holder suppose know say na so e be. Aldo events wey concern di world like wars, finance and oda breaking news fit to affect di price, also whales fit to dump dem Bitcoin to manipulate price, but in all na demand and supply de determine im price.

I realize say after di halving, many newbies de expect say Bitcoin price go begin to surge and we go enter bull run immediately, but di reality now be say price de dip di more everyday, and some of dem panic and de rush to sale dem Bitcoin, but di truth be say research don show say bull run no de start immediately after halving. Any investor wey de hudl Bitcoin no suppose to de focus on di short term pump and dump price speculations, because na long term project im suppose be.

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Quote from: Riginac111 on May 01, 2024, 10:39:17 AM

so I don't know why bitcoin can not be depending on.

I do not understand what you mean by this your statement above. No one needs to depend on bitcoin for anything. If you are using bitcoin for daily transactions by now that person should ha e known that, bitcoin price movement can pump or dump at anytime, and that is one of the reasons why most people us bitcoin as an investment rather than for an alternative payment method, especially the poor and average class.

Anyone that has invested in bitcoin should have known by now that the price of bitcoin is not stable and he should be less concerned about the price movement, but use this advantage to buy more Bitcoin in a discount price since he is holding for long. We have just past the halving event, and it is not expected for bitcoin price to just start pumping, but there will be a dip in price for it to be able to pump higher in the next few months.

Don't be discouraged in the dip of bitcoin price, it is a norm, and invest with only the amount that you can avoid to lose so that you don't too depend on the price of bitcoin to pump alone. The price of bitcoin cannot be predicted on her next move.

Riginac111

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Sometimes the news of bitcoin maybe contradictory and when hoping on positive news of bitcoin you maybe backslide, because many people have thought that the price of bitcoin is now getting upright but it shock some people who hoped-for speculation of Bitcoin and believes that as people speculate on price of bitcoin that the price will be going up all through this year, whereas the price of bitcoin is depreciating in the market almost every day, so I don't know why bitcoin can not be depending on.

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