Every "Bitcoin is Dead Headline" is a Buying Opportunity

LUCKMCFLY

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Quote from: so98nn on July 14, 2022, 05:36:09 AM

Its completely wrong statement anyways. Bitcoin might get dead against dollar or any currency we may make conversion in, but it wont be dead as “bitcoin” itself. Bitcoin Will keep serving the users over blockchain and we can have bitcoin to bitcoin or bitcoin to altcoin transactions all the time. If not then it will always be / can be virtually converted to stable coins and still we can run the transactions or assorted operations as we do it today. So basically that’s wrong statement to apply to asset like bitcoin.

If this is obviously the case, it is not that we say that BTC will be the savior, but I think that at this time it is smart to have BTC or keep BTC, even buy BTC, for many they consider BTC as a refuge of value, some think that the only asset The one that provides a refuge of value is gold, but since we have been going through difficult times worldwide, such as the pandemic, it is necessary to highlight that now the best options worldwide will always resonate with BTC.

Hamphser

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Quote from: Agbe on July 14, 2022, 12:10:06 PM

Quote from: Fivestar4everMVP on June 22, 2022, 03:07:18 AM

_what drives the price of Bitcoin is not some algorithm but people, real people,...

That means the concept of saying that bitcoin is a decentralized digital currency in the ecosystem is confusing me the More. Because I was told that bitcoin is not controlled by anyone be a government authorities or organization, or firm like banks. But here you are saying that people still control the market. How? Please can you clarify me to explain more. If people, real people control the market that means government authorities can equally control the market if they buy a large quantities and keep it in their custody for throughout their tenures just to suffer the poor BITCONNERS. What I discovered or understand from your thread is that, people control bitcoin Market price but they can not control individual wallet. Really in the parliament, highest vote carry the vote. And that also goes to any other platform. Majority vote always carry the vote. That is the majority that buying it at that moment cause the bear market.

Maybe he do mean that the ones who could really make out actual relevance on moving price is the community itself where it do composed sellers and buyers in between the market which we know that this is

something that cant really be controlled nor be predicted and if we do talk about decentralized or having no central control literally then basing up on technical aspect then we know that bitcoin is something
that cant be controlled.You had just made yourself boggled up with those words without understanding the in depth meaning.

I agree on the sentiment that every bitcoin is dead headline is indeed and opportunity for you to get in and buy cheap coins not only bitcoin but also in other coins as well.

sana54210

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Quote from: Agbe on July 14, 2022, 12:10:06 PM

Quote from: Fivestar4everMVP on June 22, 2022, 03:07:18 AM

_what drives the price of Bitcoin is not some algorithm but people, real people,...

That means the concept of saying that bitcoin is a decentralized digital currency in the ecosystem is confusing me the More. Because I was told that bitcoin is not controlled by anyone be a government authorities or organization, or firm like banks. But here you are saying that people still control the market. How? Please can you clarify me to explain more. If people, real people control the market that means government authorities can equally control the market if they buy a large quantities and keep it in their custody for throughout their tenures just to suffer the poor BITCONNERS. What I discovered or understand from your thread is that, people control bitcoin Market price but they can not control individual wallet. Really in the parliament, highest vote carry the vote. And that also goes to any other platform. Majority vote always carry the vote. That is the majority that buying it at that moment cause the bear market.

Well the idea is that there isn't "one" organization that controls the price of bitcoin, and price is not decentralized, price is what you would be willing to pay for it, the idea of decentralization is about the workings of it. For example bitcoin will at max be 21 million coins, there won't be 22 million bitcoins in the world, and no country or government could ever print more bitcoins, just like how they print more and more fiat.

This is the thing people talk about. We have a small bit of things we could change, like what? For example blockchain, we used to have legacy bitcoin chain, and now we have segwit, that we can change, so it's all democratic and not controlled by governments. Decentralized means "de" centralized, meaning "one" place can't do anything, like governments, but all of people could get together and do something about it.

Agbe

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Quote from: Fivestar4everMVP on June 22, 2022, 03:07:18 AM

_what drives the price of Bitcoin is not some algorithm but people, real people,...

That means the concept of saying that bitcoin is a decentralized digital currency in the ecosystem is confusing me the More. Because I was told that bitcoin is not controlled by anyone be a government authorities or organization, or firm like banks. But here you are saying that people still control the market. How? Please can you clarify me to explain more. If people, real people control the market that means government authorities can equally control the market if they buy a large quantities and keep it in their custody for throughout their tenures just to suffer the poor BITCONNERS. What I discovered or understand from your thread is that, people control bitcoin Market price but they can not control individual wallet. Really in the parliament, highest vote carry the vote. And that also goes to any other platform. Majority vote always carry the vote. That is the majority that buying it at that moment cause the bear market.

sklopan

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In fact, in this situation, many simply remove their anger for the reason that they themselves could not earn, for example. In fact, hardly anyone can predict the future of bitcoin so clearly.

jaberwock

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Quote from: LouVandetta on July 12, 2022, 09:30:19 PM

Investing in bitcoin, not only in bitcoin, it's for any other projects or alts, not only you need the money for it but you also need to be mentally prepared. This kind of mindset could make you lose all of your investments, and especially if those people borrowed money from somewhere. For some poeple, they can never feel at peace when trading with that kind of money, it's not a good thing to borrow money. When the market falls even just a bit, they'll panic and sell at loss. It doesn't give you the guarantee that you're gonna make double or triple the money that they borrowed which could make them borrow some more.

Regarding that kind of news/headlines, for some expert or whales they take it as a good news because they could buy bitcoin at cheaper price, but for the others that kind of news could be their way to be panicked and you could guess where they're heading next.

Borrowing money shouldn't be our last resort to be able to invest in cryptos because there are still many ways out there to earn money to buy a crypto or we can do some online activities to earn cryptos directly. That way we can lessen our stress once the price goes down because we don't need to think about paying someone else.

Whales are happy and smiling at the background knowing that the manipulation that they did is effective because it was already being talked about and it was in the news headline. This makes their job a lot easier because they don't need to further shake the market but they will just wait for the weaklings to read the news.

so98nn

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Its completely wrong statement anyways. Bitcoin might get dead against dollar or any currency we may make conversion in, but it wont be dead as “bitcoin” itself. Bitcoin Will keep serving the users over blockchain and we can have bitcoin to bitcoin or bitcoin to altcoin transactions all the time. If not then it will always be / can be virtually converted to stable coins and still we can run the transactions or assorted operations as we do it today. So basically that’s wrong statement to apply to asset like bitcoin.

hashrateproducts

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In the space during the dip, innovative ideas are needed at the critical time because during the dip, Bitcoin is one of the most coin that dip heavily and these alone makes people panicked about their portfolio and these affects mostly the long term holders of Bitcoin. CZ tweeting about Bitcoin is Dead headline' is a buying opportunity is good thing because he sees it as a new opportunity for those who weren't able to bagged it then when it was skyrocketing now have the chance to bagged more of it because Bitcoin will later retest back to it's normal price or something might still pass the price and make the run-up to $100k. Everything is possible in the space, because after a day we see bear market before we know it, another day is the bull Market, that's how the market works.

ChrisPop

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He is not saying anything new. Of course that when papers promote that headline it can be considered a good buying indicator as Bitcoin always "revived" from bear markets. But remember that past results do not equal future performance although Bitcoin is looking excellent in terms of price/value.

cheezcarls

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We've been there many times already about the "Bitcoin is dead" thingy, but it's still going stronger when it recovers and on its way to another round of bull run wave. It is my mistake back then of not buying and accumulating Bitcoin while the price is cheap.

This is why I have started doing dollar-cost averaging (DCA) since May 2022 and I am planning to keep doing it as long I always have extra money to spare every month to buy Bitcoin. For me, BTC and ETH are the only ones worthy for long-term investment even without any promises or guarantees in returns.

Rigon

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Bitcoin we have seen in various news channels its price will fall further. Those who want to invest can invest in the position that the Bitcoin price has reached at present.Such a market may not last long, or the price of Bitcoin will go down or up.If anyone has a strong desire to invest, you can invest in this instant market.

Issa56

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Quote from: LouVandetta on July 12, 2022, 09:30:19 PM

It doesn't give you the guarantee that you're gonna make double or triple the money that they borrowed which could make them borrow some more.

That's what newbies don't understand, they believe they can easily make the money they borrowed back within a few day which is not really like that. Most of them started trading during bull run so they don't know bear market will come, so whenever coins start to drop in price they run and borrow money and they think the coin will bounce back immediately and it will double their money within a short period of time which is wrong. After borrowing money and buying the coin if they see this kind of news they panic and sell.

Quote from: LouVandetta on July 12, 2022, 09:30:19 PM

Regarding that kind of news/headlines, for some expert or whales they take it as a good news because they could buy bitcoin at cheaper price, but for the others that kind of news could be their way to be panicked and you could guess where they're heading next.

Experts want bitcoin to dump more so that they will buy and hold. Some news like this are created by the whales just to scare people that don't really understand crypto so that they will dump it.

LouVandetta

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Quote from: Issa56 on July 12, 2022, 11:51:48 AM

Some people wish to hold thier bitcoin, but whenever they see this kind of news, they always panic and sell because the money they invested is not thier money, some of them borrow money to invest and whenever they see this news, they always sell at lost just to cut their lost. Most people in crypto space don’t really understand what cryptocurrency is all about, they don’t know things they should do and once they shouldn’t do whenever they want to invest, that’s why they panic whenever they see this kind of news.

Investing in bitcoin, not only in bitcoin, it's for any other projects or alts, not only you need the money for it but you also need to be mentally prepared. This kind of mindset could make you lose all of your investments, and especially if those people borrowed money from somewhere. For some poeple, they can never feel at peace when trading with that kind of money, it's not a good thing to borrow money. When the market falls even just a bit, they'll panic and sell at loss. It doesn't give you the guarantee that you're gonna make double or triple the money that they borrowed which could make them borrow some more.

Regarding that kind of news/headlines, for some expert or whales they take it as a good news because they could buy bitcoin at cheaper price, but for the others that kind of news could be their way to be panicked and you could guess where they're heading next.

Oilacris

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Quote from: Issa56 on July 12, 2022, 11:51:48 AM

Quote from: bitcrystal on June 29, 2022, 06:29:14 PM

It's just to scare many people e and so they can buy cheaper. If I see this type of headline I will simply wait and see the next move the act on it. Also many people need to be told that investment should be only of what they can afford to lose. This is very important to always remember and make use of.

Some people wish to hold thier bitcoin, but whenever they see this kind of news, they always panic and sell because the money they invested is not thier money, some of them borrow money to invest and whenever they see this news, they always sell at lost just to cut their lost. Most people in crypto space don’t really understand what cryptocurrency is all about, they don’t know things they should do and once they shouldn’t do whenever they want to invest, that’s why they panic whenever they see this kind of news.

Thats why its never been recommendable to take some loan or borrowing money for you to invest on crypto.It wont really be giving any guarantees for you to make profits in a short time or if you do

rely into those profits then its not really that a good idea but if you could able to repay those loans/borrowed money in due time the i dont see any problems.Not all the times we do have funds
allocated for something like this whenever you do see opportunities but of course you should be sensible on different factors which are needed to be considered first.

But its true that every headlines like this is totally a good buying opportunity but it wont really be simple on making such decions.

Issa56

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Quote from: bitcrystal on June 29, 2022, 06:29:14 PM

It's just to scare many people e and so they can buy cheaper. If I see this type of headline I will simply wait and see the next move the act on it. Also many people need to be told that investment should be only of what they can afford to lose. This is very important to always remember and make use of.

Some people wish to hold thier bitcoin, but whenever they see this kind of news, they always panic and sell because the money they invested is not thier money, some of them borrow money to invest and whenever they see this news, they always sell at lost just to cut their lost. Most people in crypto space don’t really understand what cryptocurrency is all about, they don’t know things they should do and once they shouldn’t do whenever they want to invest, that’s why they panic whenever they see this kind of news.

sklopan

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In fact, analysts often make different reviews and the risk in this industry can often be well justified.

gunhell16

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Quote from: Fivestar4everMVP on June 22, 2022, 03:07:18 AM

A declaration by Binance CEO- CZ

I cant agree more with this man, when other people are busy shouting "Bitcoin is dead", CZ is saying that that is the best time to load and reload your Bitcoin bag, every dip is a buying opportunity but its rather sad that many people dont understand this, they want the price of Bitcoin to just keep going up and up, this is not possible because what drives the price of Bitcoin is not some algorithm but people, real people, its just like in a debate where majority carries the winning vote, your action on the Bitcoin market determines what your vote is, you buy, your vote goes to buy and the higher the buy votes, the higher the price goes.
On the other hand, you sell, your vote goes for sell, and the higher the sell votes, the lower the price goes, then the good news is that the lower the price goes, the higher the opportunity to cast your buy votes because at some point, the buy votes will always go way higher than the sell votes which means price will go really high and then you who casted your buy votes when every other persons were casting a sell vote (thereby dragging the price down), will get to make good profit.

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Honestly, every time I read something that says "Bitcoin is Dead" I think it's a strategy that they may think that many will sell Bitcoin that of course when many sell bitcoin holds they have a chance that the price will fall. , and when that happens, whale investors will take advantage of it to buy large holdings of Bitcoin. And it's also true that many people still don't understand bitcoin and there are others who think badly of it. And it is also not possible for only one move to happen in trading but only Buy and Sell can move it in the market.
Therefore Binance Ceo CZ was correct on this matter.

Alisha-k

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We must always have anti-bitcoin activists and their news on Bitcoin are never cool anyways. For every negative news projected on Bitcoin might pose a FUD which is a cool signal to time a cheap buying price. The question is how long can the hold to this propaganda. Every funny headline on Bitcoin gives a buying choice

Leebabe

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It's always a common thing for people to say Bitcoin is dead but they fail to realise the opportunity that comes whenever there's a dip. But again it's also a big loss for people who already bought high, especially those who don't have extra capital to reinvest when this kind of opportunity comes . So we need to have the mindset that bitcoin can't continue to go up and up,at some point it definitely has to drop. It's how the system works,it comes with risks, profits and losses. We just need to understand it better to reduce our losses and get more profits

Silberman

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Quote from: Yamifoud on July 08, 2022, 04:41:44 PM

Quote from: BuNga_cute on July 08, 2022, 04:29:14 PM

Therefore,
don't hesitate to take advantage of the current bear market situation as an opportunity to buy some coins that we consider potential.
After buying some coins, we just hold on patiently until the bull market comes, later we will get a big profit.

That is the mindset we need to acquire. While the others look at this situation in a negative way, we make it the opposite and consider this as an opportunity. Of course, we can make a profit overnight, the bear season is still about to stay for a little bit longer that is for sure. And aside from being positive, we have also to acquire and practice being patient with the market as it never changes instantly. So, if we can make all of these things, we can therefore say that crypto investment is for us.

This is what differentiates those which become profitable from those which do not, after the dot com bubble the price of companies like Google were very low, do you think that most retail traders bought when they had such an opportunity? Obviously not, however institutional investors took advantage of the low price and they are probably still holding their stocks while retail traders of today are buying at high prices, the same is happening here, bitcoin is being sold at a low price and only those smart enough to understand what it is going on are buying it right now.

Topic: Every "Bitcoin is Dead Headline" is a Buying Opportunity (Read 896 times)