Topic: Don't keep your hope in any news of bitcoin (Read 645 times)

Agree with you. There may be a lot of negative hype about Bitcoin but you should proceed with its reality and positive investment strategies such as depositing as much Bitcoin as you can. Yes an investor may have doubts in determining the best time to invest and most of the newbie investors look for dips and exhaust their investment allocation but he should not waste time and take a quick investment decision and continue to accumulate bitcoins so that he gets more profit. May own a constructive bitcoin holding of assets.

The tendency to invest and hold on consideration of the best time can influence you to accumulate a large bitcoin and if you can use discretionary income regularly, it can be positive for you to run multiple cycles.

Depends on what you use Bitcoin and how you use it will make you choose if you will depend on news or not ,also your source of your news, how genuine it is. Bitcoin is suppose to be a long-term investment therefore you don't need to boarder about it's pump or dip except you have invested for a short-term and want to sell off,all you have to do right now is keep on buying the dip and holding it in your portfolio ,it is important to note that this is the best time for accumulation no matter how little.

The movement of bitcoins is not stable is just been pump and down and for those that have been investing in Bitcoins for a long periods of time are being expecting positive results from the market; and up to today there’s not constant prices of bitcoins, which is even making some people that purchase bitcoins for a long have changed their mind to send at this moment: that they don’t care of any prices anymore.

But i know is just matter of time: They will be actually time that the bitcoin can definitely pump even before halving, because most people that invest in bitcoins are only waiting for halving to arrive so that they can hits enough profits.

Bitcoin investment is not only beneficial to long term investors the short term investors can also make good profit if they are able to understand the market very to know when to buy and when to sell to take profit. A good Bitcoin Holder which I think is the only one who has the money of a maximalists has already prepared not to have a change of plans regardless of the outcome of his investment but then, they are not dependent on the amount invested as they have other sources of income.

A good investor will always check the value of what he has invested to know if he's making profit but that doesn't mean he's going to panic as small me mind investors do but regular check of the market and the current worth of the amount invested will help to keep the investor updated about his next plan of action. A good Bitcoin investor keeps accumulating Bitcoin no matter the current market value.

The thread was created on May 01, 2024, 02:39:17 PM and by then the price of Bitcoin was on the rise and the price started declining from the month of July. And now the price is $56870. And also it is not everyone will say the price is on the bear market now and all depends on the ti.e.of coming to the cryptocurrency market. If the person came at the time when the price was $20k then Bitcoin is still at the bullish market for him.

And now the price is going up again against last week price of $54k. Me I still know say the price never enter dip, bear market but at the middle of the two bear and bull. Bitcoin is volatile and because of that we should not depends on anyone prediction but invest in long term and wait for your plan time to harvest.

Bitcoin is an investment thats said to be profitable in the long run and I think it should be treated as one, all hope should not be put in Bitcoin but as smart people we sbould invest and hodl with what we wont regret if anything  eventually happens in the process.
Bitcoin is a continues process but with the little we can afford continuously and steadily because it is not advisable for us to use everything we have to invest because we have to fall back to something, smart people dont invest their all in any investment to avoid any ugly regrettable occurence.
First and foremost for any investor to succeed in Bitcoin investment such investor should apply the maximalists strategy of investing and forgetting though it may be difficult for anyone to do this but it may be necessary to take this move to avoid being much inquisitive of getting profit fast hence we know that the profit is only for the future which is long-term.

But why person go depend on something wey no dey stable but volatile like bitcoin? Na for you to know watin you want use bitcoin as weda nah for transactions use or as investment and then understand how you go take the navigate with am rather than depend on am.

Nah because of say the price the go up and down constantly nah make people the take am as long term investment so that them go fit make and collect  profit from am  anytime the price pump in-between that long term waiting period.

 And one good way to protect your mind from the news and speculations of people and investors concerning bitcoin wey fit cause FOMO & FUD na to just go dead on your investment. Dead in the sense say, no even the listen to those news or speculations, make your mind just dey on how long you don plan on holding your investment.

It's a misconception especially among the newbies that bull run happens in a day. What they believe is what they heard about halving and expect bull run immediately. Moreover, bitcoin is volatile asset and even during the bull run we can still expect uptrend and downtrend. Bull run doesn't mean stagnant price or only positive trend. It's important for people to know this things and not blindly investing based on hype and speculation all in the name of FOMO. I do blame those acclaimed crypto experts deceive newbies in crypto just to score cheap popularity.


Lol   High forum rank is one thing and having crypto knowledge is another. In as much as account rank depict experience in crypto space, it's not a basis of measurement of crypto knowledge. In essence, what I'm trying to say is that some newbies account are more familiar than people behind high rank accounts. Some high rank accounts are just Privileged to be here early but they don't possess half of knowledge that some newbies account have.

You know judging from historical data two months is not even enough for bitcoin to start increasing in price, rather it would take about six months to 1 year interval for the price to change and see potential bull run.
Again from op, anyone who is thinking that bitcoin price will remain positive is like just deceiving themselves because in bitcoin price we see both the price moving up and down, and this is what makes it tradable as an asset.

Bitcoin is not natural and any artificial things does not last long, it has a lot of vantage and also has a lot of penalty, just because someone invest on bitcoin does not mean that they hinge on it, the venture that is roaming around about bitcoin as become something that is disheartening some people from investing on bitcoin, earning a lot of profits in bitcoin make everyone to be enthusiasm.


It is rumormongers that are posting fake news saying that immediately after Bitcoin halving the price of commodities rise higher, and that discourage people from investing with bitcoin, they believe does fake news without any futher investigation, and some traders are so greedy, they will be hoping that the price of things should rise higher so that they should make a lot of profits.


Exactly my point, this is what am trying to explain, people have a lot of time to plan a good budget before the increase take place, it is the newbies that haven't familiar with the  bitcoin halving by now, but the high ranked members have get use to it.

lol
Your last actually got and I couldn’t even stop laughing really heard as you too also know say this our country no Dey take any slightest chances with anything get to be like free money and just with the case of chamby wey just happen yesterday, you go notice say, na our country na e name full for list of people wey sell and this na because we believe say a bird at hand worth pass two for bush.

Away from that, I still Dey blame mentors of most of these persons wey Dey panic sell because I believe them no Dey give their mentees the right orientation.

There is actually no need to panic on any news related to Bitcoin price, we have seen a lot of news that do drop Bitcoin price and after sometime, the Price of Bitcoin do bounce back and even surge above the price it was before the ad news.

I think people that have the intention of making quick profit from their Bitcoin investment are the ones panicking because they have target quick profit, therefore, instead of them to allow the price dump below the amount they bought the coin, they will rather sell the Bitcoin in their position to be safe in their opinion, not knowing that if they use DCA method to be buying at anytime will give them more profit and will help them accumulate more Bitcoin in their portfolios.

Doing extra research is very important, but you know our country people, we too like shortcut brother; we go just they look for quick money and we no fit wait for that long time before we go cashout especially because of peer pressure, na whysome of new Bitcoin investors in Nigeria they only buy if the price they low and sell once they get small profit, and some of them self don migrate go altcoin and some shitcoins were them go get quick money.

Bitcoin is not a get rich quick scheme, so you don't need to cast your hope on it, you're to invest with your descretionary income and hold for a long term. The market is very volatile and it can be mentally disturbing if focused on.

Cast your hope on other things and remove your mind from your Bitcoin investment for your sanity sake, and to achieve that, do not invest more than you can afford to loose in Bitcoin. Your gains would come, most times not immediately, but after a while, your investment would be profitable.

Get a career, find something doing to keep you busy, attempt forgetting that your investments existed and live your normal life independent of your investment, that way you would not l be disturbed by the volatility of the market but would use it as an opportunity to increase your Bitcoin portfolio. You can also continue buying with DCA methods to buy both the pump and the dump, thereby increasing your profitability by smoothening the volatility effects on your investment.

Well, no need to panic that’s why we have this slogan “Do Your Own Research (DYOR)” and this simply means that, regardless of the means through which you get a crypto related news, you should do your own proper research and not act according to or based on the news you got because at the end of the day, you’re solely responsible for whatever actions you take.

On this note, doing your own research keeps your forearm and mind you, everyone and anyone can predict the market based on what they think and that’s why you shouldn’t rely on just what you were told.

If you know and understand what Bitcoin you will not put hope in Bitcoin or let the news of what people are saying give you hope about how Bitcoin is going to be and how the market is going to be, as an investor you have to understand that the market of bitcoin can change, even a second can change the price of bitcoin and that is why you can never put hope and waiting for the price to rise so that we can make a god profit, although it is not bad to be expecting a bill run you don’t have to put hope on bitcoin so much because it will make you think otherwise.

This is the reason why some newbie find it difficult to believe in Bitcoin because they always think that once they invest in Bitcoin the price will rise and they will make a profit but after not seeing what they expect some of them will think maybe he or she waist money to buy bitcoin and you can see why some of them sell their coin even if it is just small profit.

Yes, crypto news is very unstable and contradictory, but crypto itself is. And you don't expect people to predict it like it's some kind of magic trick. Only traders get to worry about the news though, investors don't.

Cryptocurrency news may sometimes be a struggle since one wouldn't even know what to believe anymore. I've faced this countless times and it ends up discouraging people. One thing is sure though, as an investor, a long-term investor, in Bitcoin especially, there's no loss for you or bad news

We keep saying this that bitcoin investment is not a get rich quick scheme, and before one should think of profit he or she have to first build a nice bitcoin stashes first. Because without having enough bitcoin or having good amount of bitcoin you won't endup with good profits . They are speculation that Bitcoin may it $100k which is obvious but they can't actually tell when it's gonna happen so we have to focus on accumulating and holding till we have gotten enough bitcoin.


See one thing you have to know is that is just a mere speculation, it may happen or not , or it may even increase more than the speculation price so no one can actually tell the best thing is to be In the safer side by having a enough bitcoin stashes on your portfolios.

If we no go keep our hope in any news about Bitcoin wetin we go come dey do... If Your Psychology whine you from one news wey no jel well na to continue to DYOR na. Because the Tru talk be say Hope full body for Bitcoin and na to invest and chilax be the real Koko.

I'm not sure with your statements but I disagree with some of the things you say. If not for the price hype, do you really think Bitcoin will reach where it's right now that fast. It can achieve it but not as fast as it has. Look at when Donald Trump says good things about Bitcoin, traders and investors were quick to hype it for the market but as soon as some traditional market crashes, Bitcoin was quick to follow down the trend. There are some price Bitcoin has achieved that are not hype and it would never go beyond there.

As much as Bitcoin remain of the best coin and a digital currency, it need hype to survive. In fact, many things around the internet are now on hype otherwise some will not survive. However, the real fundamental aspect that contributed to Bitcoin can't be under look, Bitcoin has made name for itself based on the belief that it's a decentralized currency and one and only true coin.

Wetin I Dey recommend to people be say, if you wan put money for bitcoin, make sure say na for long term, so if you don buy the bitcoin, just commot your mind for that side self, any news wey happen either good or bad news, e no suppose move you, the people wey suppose Dey disturbed about the news wey Dey happen na people wey Dey trade, because any slight movement against their trade fit make dem lose money. But anybody wey wan hold, make him just buy am commot eye for that side.

You self funny ooo, reason am well now, how bitcoin price go Dey go up through out the year without any correction happening, e no really possible now. Even if bull run start, time go come wey be say the market go red, and time go Dey wey e go green. Also the main reason why people Dey speculate this year about bitcoin pumping na because of Halving wey happen few months ago. Plenty people think say immediately halving, then bitcoin go just Dey pump, but no be so e be.

Halving wey happen dis year, bull run self fit no happen dis year, and e fit still happen, nobody Dey sure when we go see bull run, but make we just know say market na up and down.

I Dey reason say you no really sabi Wetin crypto Dey about before joining, and you no really care to get more knowledge, you for no Dey talk like dis. I no see anywhere wey market depreciate like that, Wetin I Dey see na up and down, and e Dey normal for crypto.