Topic: FUD Has Finally Taken Its Toll on Me - page 2. (Read 688 times)

While I do think that waiting on the sidelines is the worst scenario right now if later when Bitcoin surges I buy and invest in Bitcoin.  I could have entirely missed a discounted sales of BTC.  So I think if anyone has a plan to buy BTC, the current bear market is the best scenario to get in.


Well, many newbies don't know TA's and signals so it is kinda hard for them to read the chart, would be better to explain it in layman's terms and advise them to DCA every time the price of Bitcoin goes dipper.  We can call it accumulation stuff.

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Anyway, @OP, if you are still in doubt, you can just wait on the sideline to see how things develop but make sure you don't regret anything later.  Risk always accompanies investment but you can mitigate it by studying and researching the market.  You can dig more and study the Bitcoin market if you don't want to regret your action later, just make sure you won't listen to everyone easily before confirming them.

we've seen, heard this many times over. and yet, here we are, bitcoin is still holding its ground. we can't avoid some people having negative thoughts towards the btc market, because it depends on how they feel towards this market. also, if they feel they are on the losing side, they will more then likely give negative thoughts on what's happening.

But in this case I actually still have other beliefs in myself.
I saw the OP had registered his account in 2018 and obviously it was several years ago and of course the OP already knew about bitcoin and Crypto so created an account here.
It would be very strange if the OP liquidated all the money he has now because if he wanted the OP could actually liquidate it in 2018 which clearly bitcoin was still very cheap at that time.
But indeed there may be other calculations from the OP and this is just my wild thought.

Speaking about bitcoin is dead kind of headline or something those claims or sentiments from different gurus and so called professionals
then we could have a good read for some reference on this one.
https://99bitcoins.com/bitcoin-obituaries/

Bitcoin has died 461 times

Then hearing up something like this with these lose of fuds in the market then as an investor or supporter of bitcoin then it would be better if he get used to it because
thats how these things circles around on this forum or entire crypto space specially on a bear market.You would see lots of those scenarios
and events which could potentially make you panic.

If you have doubt then don't invest.  Just do what your intuition tells you.  If you wanted to be convinced, let your research do the convincing for you.  Just look at the history of Bitcoin specifically the economic side.  It will tell you everything about ups and downs of Bitcoin.


If younger and more progressive individual enter position in Europe's politics, I think it will be a great sign because younger people are more open minded to the current technical revolutions than the older ones.  Besides, if ever Europe shuts it doors to crypto mining, miners will definitely move to another part of the world where mining is legal.  Just know that even if there is some country  in hostile stance against Bitcoin,   there are also countries that welcomes it with open arms.

Looks familiar as we get these FUD whenever there is a market correction, go through the archives in this forum and you will see many RIP eulogy in this forum how BTCitcoin is dead and will never rally again and we see these fear mongers all the time. If you trust the decentralized market there is nothing to worry as it will move on year in and year out even with all these FUD.

I think your feelings are normal in a bear market.  Especially as we get close to the lows.  I think you should take this time to rethink why you got involved with Bitcoin and what your expectations are going forward.  Taking a realistic approach and buying over time with amounts you are comfortable with will make you proud of your stash instead of fearful of what will happen.  You don't need to take an all or nothing approach.  Do what you think is best, but put a lot of thought into what you do.

Always lay out your thoughts and analysis it with the present, past and possible future happenings, many have this thoughts that their is no more gains in Bitcoin and now they want to focus more on Alt-coin but they are only Into bitcoin because it’s safe, this are their thoughts and if this has any influence on you without you seeing it from your own perspective it can lead you to acting out negatively. FUD is continuous and so is doubt, but after I have done my own research and analysis I see bitcoin as part of the present and future.

I don't think waiting on the sidelines is the worst scenario to be in right now, it seems like many are in the same boat as well. Sure you didn't manage to get Bitcoin at $18K, but for all we know price can drop to $12K very soon. As long as you're a willing buyer if price get's back above $25K (200WMA as well realized price), where we could see a considerable move to the upside, then you're really not missing much imo.

It's much better to try and buy a confirmation of a trend reversal than catching a falling knife generally speaking, if you're not dollar cost averaging into a dip that is. Just my opinion, but unless you've sold Bitcoin recently, then you don't have much to regret right now. If you still have your fiat waiting on the sidelines then it's a good position to be in for now. Just keep your eye on what happens next imo.

We often come through this feeling of doubtfulness and fear towards Bitcoin mostly during the bear season but it's something that we should face and we have to get through this. If you aren't comfortable holding them you could let go but think of the risk of letting go of your investments when the market recovers. You should question yourself if you can also handle the possible regrets that you might face when the price of Bitcoin strikes high in the future. Sometimes some instances will test your faith in crypto.

One thing you should keep in mind is even if bitcoin isn't successful Cryptocurrencies as a whole are here to stay for sure. So the only way out of the problem you are in is to diversify into different Cryptocurrencies, if you are doubtful about pow, keep some money into POS. Just make sure even if one of them hits the moon it'll cover your losses in rest all of them. Practice the exactly same thing which you were doing for your stock portfolios.

*sigh*

Oh buddy, you really screwed yourself over with this. I understand that investing in something as volatile and new as crypto is a scary game. We all went through those same fears until we grew experienced enough to understand the potential of Bitcoin.

What you did was give the whales your coins at a very cheap price. They are going to be very happy when those coins triple, quadruple in their value within a relatively short time frame.

Instead of letting yourself get spooked you should have just invested and walked away for a few years instead of letting yourself fall into doubt.

The younger and more 'progressive' politicians got their seat in EU, I think they are more tolerant and open to crypto than the old guard camp, tho. I mean have you seen how a lot of new faces and young politicians try to get votes from zoomers by saying yes man to anything that seems popular around the internet. BTC takes a lot of power to mine a block but overall, they ain't worth to upsetting a bunch of zoomers on the crypto space and the boomers and the millennials. Thing change and the green movement around the world also have to re-adjust its goal as you must have seen Nuclear Plant now being considered green energy. So your worry might a bit over the top.

Ultimately you have to do what's best for you and your needs, but if possible, I would say to hodl on until the next bull market if you can.  If you look at the historical charts, what we are experiencing now is cyclic and nothing new.

I don't see the current situation as different in any major aspects from 2018. So op, if you've been around since 2017, you've already seen how low Bitcoin fell and how unsure many were that it will ever recover, and yet it did and the current bottom is 2017's ATH point. The environmental argument isn't sound, so I don't think it will actually lead to big international policy changes. The impact will be investigated, and the authorities will figure out that it's not as bad as they thought it was. Bitcoin will most likely recover from the current fall, just like it did before. But if you're unsure about investing, it's a smart decision not to invest, as it always poses some risk.

Well dude, your money your choice. No matter which advice did you get even from the so-called gurus and coaches out there, the final decision will always be yours. I know how it feels because you want to ensure your future.

But of course, everything in life has risks. You can't succeed without taking risks, and that is a reality. Nothing is easy here especially Bitcoin due to its uncertainty in its price movement.

As for me I already took my fear out and started doing dollar-cost averaging (DCA) with Bitcoin since May 2022. I'll continue to do this every month as long I have extra "not beer" money to spare.

My question for you is why the fear of missing out? You need to understand that bitcoin is a decentralized digital currency and the government with their policies implementation can do nothing to stop the continuation of bitcoin and its adoption, this is an individuals choice to make or decide weather to use or not, so here they are not the ones to determine whether bitcoin is to stay or not, bitcoin has it own way of operation and sustainability using the demand and supply principle in determining the rise and fall of its price.

Very correct, the government will like to shy away from such news as it is beneficial to their propaganda, despite the terrible living conditions of the people in the Niger delta as a result of the pollution caused by the oil spill, the Nigerian government doesn't seem to care enough to take appropriate measures to address the life-threatening situation. Assuming this was related in any way to btc, they will bring out their long ban hammer to ban it.
There is no need to allow government or any other kind of fud to influence your investment decision, at least not after all the FUD btc has to survive of and get to this point, the EU government knows btc mining is not nearly as dangerous as other companies with similar energy consumption.

While action against Bitcoin has been taken in the past, it absolutely had minimal effects on cryptocurrencies or Bitcoin itself, it's completely understandable, don't beat yourself to it. We all claim what we'd do in a hypothetical scenario, but in reality, most of us actually hesitate to conduct such trades.

I haven't recently purchased any Bitcoin, because I currently don't have the budget for it, but also because I'd rather not risk money coming from my own salary. Bitcoin could potentially recover in 1-2-3 years, but I can't afford to keep funds coming from my paycheck stale for that long. Since the financial situation is pretty bad at the moment, I can't take such a risk, I might need it in a few months and be forced to sell at a loss.

If you're having second thoughts, possibly try investing smaller amounts into Bitcoin and ask yourself if you're capable of waiting in case it doesn't go as planned. From what I believe and have read, the situation isn't going to get better anytime soon, providing that you're fine with hanging till the bear period is over, you'll be good.

One of the reasons a large country is better off kneeling and accepting that Bitcoin growth is inevitable is that if a large country bans it, it will become a HUGE opportunity for another large country or even a small one.  Because if you have US suddenly banning Cryptocurrencies, Europe could immediately take this as an immense opportunity to grow their own Cryptocurrency market and bring investors over there.

But I honestly believe banning is now more of a strategy than an actual ban.  How many times has China banned Bitcoin or mining already?  How many times did it work?  I think this situation resembles what Musk did.  Use FUD as an opportunity.  If you ban Bitcoin, you create FUD and you can then silently accumulate Bitcoin while everyone is panicking.

All the other FUD, including how 'environmentally bad' we are by mining Bitcoin, is nonsense and has been debunked too many times already.  Right now, if you ask me, we are in the middle of a strategical attack against Bitcoin which only succeeds with the least experienced.  The more you get to know about Bitcoin, the more you will find out they are just attempting to bring it down by finding any small reason to blame it for.

Do your own research.  Try reading other opinions other than what you see in the biggest newspapers because, according to them, Bitcoin should have been dead a long time ago.  They successfully kept a lot of people from investing in what has now become one of the most impressively growing assets in the world, and this should make you wonder.

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Regards,
PrivacyG