Don't keep your hope in any news of bitcoin - page 2.

Zigabel

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Quote from: Riginac111 on May 01, 2024, 09:39:17 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.

Maybe your news source could also be a problem to you especially if you are much dependent n what people tell you and not have a legitimate source where you get your news from which can be verified as the actual true happenings in the bitcoin space they you are really goin to find it difficult getting the actual news that can be reliable and dependable enough. well the taught that bit coin will will be goin up everyday in the year is just a fallacy that is propagated amongst newbies who are yet understand fully the dynamics of bitcoin. but then your opinion about bitcoin dropping daily i snot a factual taught because there have been times it went down and it also came back up there after.

normally you shouldn't be expecting the price to be in an only upward direction because usually bitcoin according to the normally movement doesn't goes sup like every other commodity in the market then comes back for a correction down wards after which it then retrace back upwards and then becomes a trend which we can see as its actual direction.

DubemIfedigbo001

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Quote from: Charles-Tim on May 01, 2024, 11:23:20 AM

Quote from: Kelward on May 01, 2024, 10:56:27 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.

Bitcoin price pumping does not have any definite time frame to commence, it surely takes time and are dependent on many factors like scarcity in supply, more adoption, bigger trading volumes, more integration into various financial processes and companies as a medium of payment for goods and services, technological upgrades and good improvements in the infrastructure of bitcoin as a whole can foster more adoption and trigger price increase.

in a nutshell, the more factors that trigger more adoption and usage of bitcoin, the faster the bull run comes and it is notable that when demands for the precious coin really surpasses supply, the scarcity introduced is very instrumental for the price increase.

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Quote from: Riginac111 on May 01, 2024, 09:39:17 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.

As a Bitcoin investor there are some things that one shouldn't even keep an keen ear on and one of them is the news of Bitcoin price hype because they are some certain news that you would get to hear that might actually make you even think of tempering with your coins and that is actually the wrong step to take especially if you are planning on holding for a really long time. A long term investment understand that no matter what Bitcoin value is still going to hit the uptrend so why bother of the news except if you are keen on knowing when to buy big during the dip

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Quote from: Ruttoshi on May 01, 2024, 09:58:19 AM

Quote from: Riginac111 on May 01, 2024, 09:39:17 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.

I wanted to asked too. Bitcoin can be depended on and all how you plan it with the investment. When you plan wrongly then you lose but if you plan well then you will smile. And always be calculative. And what I mean by calculative. Know when to invest and plan ahead to know when to sell. But if you don't have any plans and just invest like that then you will be afraid to lose your funds.

As a good investor, you don't have to fear when di price dey go down because dat should be an another opportunity for you to invest again to add it to your previous investment.

SmartGold01

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Quote from: CryptopreneurBrainboss on July 14, 2024, 08:59:00 AM

Quote from: SmartGold01 on July 14, 2024, 04:40:06 AM

I think newbie invest are the people who always have this mentality because those who has spent decades holding bitcoin can never be moved and triggered by any price speculation besides only those who are holding for short time could have this making that when a very good news appears bitcoin gonna creates new price but instead on the reverse.

There are those that have been hodling for a longer time but still get triggered by news especially bad news. Maybe during the time they were hodling, the news weren't as bad as they are now so it makes them feel uncomfortable hodling. Recently there was news of Germany selling and then Mtgox is also going to distribute some Bitcoin that is likely going to end up in the market because of people selling. There could be some old hodlers that will still be triggered by this FUD and sell with hopes to rebuy when the FUD is over but they lose their strong position in Bitcoin wey dem been get because the market fit leave them behind.

You wouldn't be surprised that this may not likely happened I mean the fud that could come from MtGox because currently market doesn't obey any law like dump or something similar because there are some news initially that was meant to affect the market although it affected but doesn't last after few days the market bounce back from 55k to 65k plus currently. But those who knows there way would hold tight even though the market went sideways it wouldn't affect them.

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Quote from: Kelward on May 01, 2024, 10:56:27 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.

E fit interest you say no be only newbies wey been dey reason like that, even some people wey don dey the industry for long come dey follow dey feel the same thing, simply because of the news and general speculation them hear say halving dey come with bull run but wetin them supposed do na to first do them own research because crypto market get rules and regulations.

Asides the market being naturally volatile, e get plenty factors wey dey contribute to the temporary movement if the crypto market, and again, we no go completely rely on past performances, come carry am put for present or future, say because e happen like this last year, e go also happen like that this year or next year, e go only lead to to making careless decision, because human being no fit predict wetin go happen for future, so we gats first realize say those speculations we dey hear and dey follow blindly na still human being predict am, and if we go follow am without doing our own research, e fit land us for big wahala.

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Quote from: Marykeller on July 15, 2024, 02:46:56 PM

Comes everyday, people must speculate about the price of bitcoin. So it's now left for you on how you go digest the news wey you hear about bitcoin, whether to allow it get to it or disregard it.

One thing that is sure at this time of the market be sae, the good news of the bull run will overshadow the bad news to be receive. So em better to get hodling and to be moved by fud cos some of this fud na to create panic so that you go sell your bitcoin out of fear.

If you have made up your mind to hold bitcoin for the long term, which means that you have trusted it, you will undoubtedly benefit from it if the price rises, so when you hear bad news about bitcoin, you should just mind your investment and not be afraid because some people like selling so that you don't have any anymore, so you will do things that will make you scared and sell your coins. So even if you see the price is lowering, you should not sell it because he will absolutely raise it since is volatile increase and decrease when people are selling very well, he makes the price to be reducing and when you have some money you should just top your bitcoin again because when heis raising again you will get more profit.

Now that the bitcoin price is steadily rising again, you will recoup your losses if you did not sell when prices were falling. If you believe in bitcoin, anything that people say about it will make you smile and don't mind them because when you try to talk, they will say things that are unnecessarily, so it is better to focus on our goal and stop worrying about what others are saying because that will strengthen your heart.

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If you don exists for the space for some time, you suppose understand say, online and offline, people go always talk as them please. That no mean say, them Dey right or wrong, na them simply sharing their views as them see fit. At the end of the day, e fit turn out to be true or lie. All depend on how the person way Dey receive am action the message. No forget say, no be only one person Dey give these speculations. As Mr. A Dey talk right, na so Mr. B Dey talk left. E fit fall to anybody and that no mean say, you sabi the market, the market was just responsive to your idea and that’s it. E no pass like that.

Na why e Dey important say, make you try Dey run your own analysis on the market. Using the various technical, fundamental and sentimental tools way Dey available to you. You gats Dey learn to trust in your own abilities because for this we trade eh, nobody sabi pass.

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Quote from: Marykeller on July 15, 2024, 02:46:56 PM

One thing that is sure at this time of the market be sae, the good news of the bull run will overshadow the bad news to be receive. So em better to get hodling and to be moved by fud cos some of this fud na to create panic so that you go sell your bitcoin out of fear.

One thing wey me i don understand be say many people wey dey hodl bitcoin they allow fud affect them and e dey influence the price, you see as bitcoin dump when Germany begin sell their coins, as they sell finish bitcoin begin pump again, and now e dey above $62k. The next one now na distribution of lost coins by Mt.gox, that one too go cause a dump in the price of bitcoin, people don already dey fear and dem don ready to sell their coins or move am go stablecoins during that event. If you believe in bitcoin, then no worry yourself with news of fud or if price dey fall; it is temporary.

Marykeller

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Comes everyday, people must speculate about the price of bitcoin. So it's now left for you on how you go digest the news wey you hear about bitcoin, whether to allow it get to it or disregard it.

One thing that is sure at this time of the market be sae, the good news of the bull run will overshadow the bad news to be receive. So em better to get hodling and to be moved by fud cos some of this fud na to create panic so that you go sell your bitcoin out of fear.

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Quote from: Zigabel on July 14, 2024, 01:05:45 PM

Quote from: Riginac111 on May 01, 2024, 09:39:17 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.

This perspective of yours has made it very clear and obvious you are in for the short term. It may sound like a very good idea to not depend on the price of bitcoin at this point of instability but if you have been following up with price action around Bitcoin then you are going to agree that Bitcoin is not in such a very bad state and form such that you wouldn't want to put some dependency on it. if you are in for a long term, you wouldn't even be thinking of not putting to mind that bitcoin is falling. this up and down movement has been the normal pattern of the market and you cannot totally put it out that bitcoin isnt goin up. just wait small you sef go see am say BTC go rise and you sef go cash out small but no be one day tin.

Omo the way Bitcoin dey fluctuate now go make a lot of people wey dey hold their coins for a short period lose money well well because as you plan to sell when the price dey high na so e dey also dey come down sef instantly. And if you dey save for the short term period or cashing out, you fit end up losing so much because the entire concept of keeping Bitcoin to get better profits na when you keep for long time.

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Quote from: Riginac111 on May 01, 2024, 09:39:17 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.

This perspective of yours has made it very clear and obvious you are in for the short term. It may sound like a very good idea to not depend on the price of bitcoin at this point of instability but if you have been following up with price action around Bitcoin then you are going to agree that Bitcoin is not in such a very bad state and form such that you wouldn't want to put some dependency on it. if you are in for a long term, you wouldn't even be thinking of not putting to mind that bitcoin is falling. this up and down movement has been the normal pattern of the market and you cannot totally put it out that bitcoin isnt goin up. just wait small you sef go see am say BTC go rise and you sef go cash out small but no be one day tin.

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Quote from: CryptopreneurBrainboss on July 14, 2024, 08:59:00 AM

Recently there was news of Germany selling and then Mtgox is also going to distribute some Bitcoin that is likely going to end up in the market because of people selling. There could be some old hodlers that will still be triggered by this FUD and sell with hopes to rebuy when the FUD is over but they lose their strong position in Bitcoin wey dem been get because the market fit leave them behind.

Na true, thank God say Germany don sell all coins wey dem been get for their reserves, as dem sell finish, we begin see say bitcoin begin pump again, as i dey type this, bitcoin dey very close to $60k. The next event wey go affect the price go be Mt.gox distributing lost funds back to people wey been lose am when they hack dem many years ago, i no know if e go get as much impact as Germany selling every bitcoin we dey their reserve, but we go see.

People wey go sell, go sell, but that one no suppose concern person wey believe in bitcoin, the price go only fall temporarily, so na just to dey patient, e no pass like that.

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Quote from: SmartGold01 on July 14, 2024, 04:40:06 AM

I think newbie invest are the people who always have this mentality because those who has spent decades holding bitcoin can never be moved and triggered by any price speculation besides only those who are holding for short time could have this making that when a very good news appears bitcoin gonna creates new price but instead on the reverse.

There are those that have been hodling for a longer time but still get triggered by news especially bad news. Maybe during the time they were hodling, the news weren't as bad as they are now so it makes them feel uncomfortable hodling. Recently there was news of Germany selling and then Mtgox is also going to distribute some Bitcoin that is likely going to end up in the market because of people selling. There could be some old hodlers that will still be triggered by this FUD and sell with hopes to rebuy when the FUD is over but they lose their strong position in Bitcoin wey dem been get because the market fit leave them behind.

Both the new hodlers and old hodlers still need to be reminded that no matter how bad the FUD is, is not worth selling your Bitcoin. Na only person wey dey hodl na him go fit benefits so anytime wey you wan sell your Bitcoin, just know say you dey throwaway a chance to make profits when everywhere good for Bitcoin and this one no be assumptions because no matter how low Bitcoin fall, e go still rise and na wetin make investing in Bitcoin is labeled a calculated risk investment as your chances of losing are slim when you just buy and hodl.

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I think newbie invest are the people who always have this mentality because those who has spent decades holding bitcoin can never be moved and triggered by any price speculation besides only those who are holding for short time could have this making that when a very good news appears bitcoin gonna creates new price but instead on the reverse. Even though we found out that bitcoin is always being driven by news it shouldn't be something to entirely rely on as it may fall unprecedentedly while hoping for the best, as a trader investor who is keen's to hold bitcoin for some specific duration of time, months or years should only walk on their plans otherwise no need hoping on news.

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Quote from: Riginac111 on May 01, 2024, 09:39:17 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.

Many individuals have already made huge profits from Bitcoin investments and many have also seen significant losses. Bitcoin price is determined by market factors and demand and changes just like any stock. However, we have also seen earlier that the price of Bitcoin was relatively stable and the price was relatively low. Again, with the change of time, we also observed that the price increased several times after overcoming this stability. To counter the bull argument that scarcity makes Bitcoin valuable, we also know that the lack of government and corporate intervention makes Bitcoin an attractive prospect for many modern investors. I think Bitcoin is a good place to start investing if we want to diversify our investment portfolio by supporting cryptocurrencies.

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Quote from: Riginac111 on May 01, 2024, 09:39:17 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.

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Quote from: Riginac111 on May 01, 2024, 09:39:17 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.

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Quote from: Charles-Tim on May 01, 2024, 11:23:20 AM

Quote from: Kelward on May 01, 2024, 10:56:27 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 .

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Quote from: Riginac111 on May 01, 2024, 09:39:17 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.

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