Topic: Hope Vs Realty of bitcoin - page 2. (Read 1255 times)
People's hope that if we buy bitcoin we will be the richest man . they think that one time investment is enough but one who use bitcoin for long time knows that itz difficulty process how much we loss and how much we gain .and the reality of bitcoin is based on experience if we lose one time we have to invest money once again and investers earn money by experiencing and learn a lot by itt.t allows investors to make anonymous, untaxable transactions, and it doesn't rely on a centralised monetary authority. Each bitcoin is stored in a digital ledger wallet and people can transfer bitcoins to your wallet, and you can send bitcoins to other people.
People who think that the market will be going up straight are those who don’t know anything about the market at all, or knows nothing about economics entirely, or it can as well be that it’s just their greed that is making them to have such a thought that the market is meant to be increasing straight up without any sort of up and down in the movement.
Some people don’t have the slightest chill, every little drop that happens in the market and they will start losing hope and start thinking it's time that they have to give up in the market. Despite that this is something that we have all experienced a lot of times, some of them still feel this way.
Some people don’t have the slightest chill, every little drop that happens in the market and they will start losing hope and start thinking it's time that they have to give up in the market. Despite that this is something that we have all experienced a lot of times, some of them still feel this way.
I can understand your sentiments here but by now, those friends of yours should already know how to spot a crappy coin.
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Once these newbies got screwed or something, they will learn their lesson well.
sometimes it took multiple times before this comes to reality because people are hard headed mostly .Quote
For those who will not give up, they will educate themselves. But for don't, and get out fast, usually they are the ones spreading misinformation.
They are only basing from their experience and usually they are emotionally ruined by their past experience, hence, the bad insights.
EMotions must not take part if we want to succeed in crypto investing because this market Hates drama and only brings failure for those who cries . They are only basing from their experience and usually they are emotionally ruined by their past experience, hence, the bad insights.
Many people think that bitcoin should move up in a straight line but this is not how the market works. Markets may show us many up and down before moving up and sadly people are not ready for these movements and sell their bitcoin before it reaches the all time high.
If we invest our money (in general) dont expect to profit in a short period and be prepared for the worse case situation. The problem for some investors who cant bear seeing their Bitcoin losing its value is lack of knowledge and patience. Thus they're tend to commit a wrong decision for not being aware of what they're getting into.The reality is that they spend it on shitcoins and go broke.
Thats true. Believing these coins are the answer to be rich quick because of the high return in a short period due to hype. Not knowing they're likely going to be broke. The thing I've noticed most about new entrants into the crypto sphere is this...
They hope that they're going to earn some Bitcoin and get rich.
The reality is that they spend it on shitcoins and go broke.
I say this tongue in cheek, but seriously, I can't tell you how many friends I have that I've been trying to get into Bitcoin since it was $2. They'll literally buy any $0.02 shitcoin they can find hoping that by some miracle it goes up to being worth thousands, market cap be damned... I think part of it is education and the other part is thinking that getting rich in crypto is easy. It isn't. Most of the time it involves a lot of hard work, or a lot of luck. If you're going the luck route, know there's an extremely high chance you are not going to make it.
They hope that they're going to earn some Bitcoin and get rich.
The reality is that they spend it on shitcoins and go broke.
I say this tongue in cheek, but seriously, I can't tell you how many friends I have that I've been trying to get into Bitcoin since it was $2. They'll literally buy any $0.02 shitcoin they can find hoping that by some miracle it goes up to being worth thousands, market cap be damned... I think part of it is education and the other part is thinking that getting rich in crypto is easy. It isn't. Most of the time it involves a lot of hard work, or a lot of luck. If you're going the luck route, know there's an extremely high chance you are not going to make it.
I can understand your sentiments here but by now, those friends of yours should already know how to spot a crappy coin.
Once these newbies got screwed or something, they will learn their lesson well.
For those who will not give up, they will educate themselves. But for don't, and get out fast, usually they are the ones spreading misinformation.
They are only basing from their experience and usually they are emotionally ruined by their past experience, hence, the bad insights.
Many people think that bitcoin should move up in a straight line but this is not how the market works. Markets may show us many up and down before moving up and sadly people are not ready for these movements and sell their bitcoin before it reaches the all time high.
The good thing is that for those people who hope that bitcoin will reach a new all time high, bitcoin will not disappoint them however it may take a longer time and longer path. This is the reality of bitcoin which everyone should know. When everyone knows that bitcoin will cross all time high in the coming month and years then why do they need to sell their holding in spot in a loss? Those who hold bitcoin in futures are only at the risk of liquidation in case the market moves in the opposite direction.
The thing I've noticed most about new entrants into the crypto sphere is this...
They hope that they're going to earn some Bitcoin and get rich.
The reality is that they spend it on shitcoins and go broke.
I say this tongue in cheek, but seriously, I can't tell you how many friends I have that I've been trying to get into Bitcoin since it was $2. They'll literally buy any $0.02 shitcoin they can find hoping that by some miracle it goes up to being worth thousands, market cap be damned... I think part of it is education and the other part is thinking that getting rich in crypto is easy. It isn't. Most of the time it involves a lot of hard work, or a lot of luck. If you're going the luck route, know there's an extremely high chance you are not going to make it.
They hope that they're going to earn some Bitcoin and get rich.
The reality is that they spend it on shitcoins and go broke.
I say this tongue in cheek, but seriously, I can't tell you how many friends I have that I've been trying to get into Bitcoin since it was $2. They'll literally buy any $0.02 shitcoin they can find hoping that by some miracle it goes up to being worth thousands, market cap be damned... I think part of it is education and the other part is thinking that getting rich in crypto is easy. It isn't. Most of the time it involves a lot of hard work, or a lot of luck. If you're going the luck route, know there's an extremely high chance you are not going to make it.
if someone shows up and asks:
when high Is high?
when low Is low?
let's say someone buys bitcoin at the price of $60,000, how will that person know that $60,000 is the maximum bitcoin will reach?
how would that person know that the price could drop to $38,000?
These questions should really bare in mind on which this is the reality whenever you do deal on this market on which you couldnt able to determine which is the bottomwhen high Is high?
when low Is low?
let's say someone buys bitcoin at the price of $60,000, how will that person know that $60,000 is the maximum bitcoin will reach?
how would that person know that the price could drop to $38,000?
and which is the peak price which it is really that normal that you would really be ending up with this kind of mindset and do all sorts of things with corresponding
risk because nothing is assured no matter how good the market is looking at.It does have potential but dont ignore the possibility of losing money.
if someone shows up and asks:
when high Is high?
when low Is low?
let's say someone buys bitcoin at the price of $60,000, how will that person know that $60,000 is the maximum bitcoin will reach?
how would that person know that the price could drop to $38,000?
when high Is high?
when low Is low?
let's say someone buys bitcoin at the price of $60,000, how will that person know that $60,000 is the maximum bitcoin will reach?
how would that person know that the price could drop to $38,000?
Many people think that bitcoin should move up in a straight line but this is not how the market works. Markets may show us many up and down before moving up and sadly people are not ready for these movements may be this month go up bitcoin
Many people think that bitcoin should move up in a straight line but this is not how the market works. Markets may show us many up and down before moving up and sadly people are not ready for these movements and sell their bitcoin before it reaches the all time high.
The good thing is that for those people who hope that bitcoin will reach a new all time high, bitcoin will not disappoint them however it may take a longer time and longer path. This is the reality of bitcoin which everyone should know. When everyone knows that bitcoin will cross all time high in the coming month and years then why do they need to sell their holding in spot in a loss? Those who hold bitcoin in futures are only at the risk of liquidation in case the market moves in the opposite direction.
progress for the purpose of the dominant cryptocurrency in various countries with the currency it owns. The possibility of Bitcoin getting higher because many use it for non-cash payments with billions of users.
~Snip~
Of course to reach new ATH there will be extreme ups and downs, so use your best strategy to enter the market, such as buying crypto the DCA way.
because in the past I've bought on a market other than bitcoin, and it's quite disappointing for a price beyond the price of btc as below. indeed, by dividing several options it is buy but all the funds I deposit on the exchange still the desire to speak for greed, this makes me more Be careful and more concerned with analyzing 5 coins with the best transactions 24 hours before if you want to buy, how do you buy when you have good hopes with today's prices, brother?
My goal in doing that is, if BTC goes down in price then my BTC holdings will increase. But if BTC hasn't reached ATH in this halving period I still have 25%.
We never know what the market will do but if we are patient, calm and stick to our methods, I am sure the market will give you good results.
Many people think that bitcoin should move up in a straight line but this is not how the market works. Markets may show us many up and down before moving up and sadly people are not ready for these movements and sell their bitcoin before it reaches the all time high.
Who are those people ? because those who knows about crypto does not have that belief instead we knew that line is going Here and there.What I'm saying here is that straight line will never happen until time comes that Crypto will be accepted by the whole world.
that is the reality of life and we cannot just pretend there is a straight value when there is nothing we can do about it.
As you said, a straight line can never be expected, so the investment must be done aiming long term returns. For this reason, patience and cold blood are needed during the bearish times.
Maybe an exchange could have that precise data: how many people of the new depositors of the year 2021 invested at least $ 100 dollars in bitcoin and then sold.
I think there is a matrix on this subject that is not so real, also you have to consider, if they sell because they really do not trust bitcoin or they sell simply because they need them.
I think there is a matrix on this subject that is not so real, also you have to consider, if they sell because they really do not trust bitcoin or they sell simply because they need them.
Many people think that bitcoin should move up in a straight line but this is not how the market works. Markets may show us many up and down before moving up and sadly people are not ready for these movements may be this month go up bitcoin
Many people think that bitcoin should move up in a straight line but this is not how the market works. Markets may show us many up and down before moving up and sadly people are not ready for these movements and sell their bitcoin before it reaches the all time high.
The trading strategy in your photo looks almost identical.
The reality is more difficult, you know. people just want to do one-way trading, they always think upwards. As soon as there is a slight correction in the market, they get upset and leave the market in fear. This type of behavior is seen only among online traders, real hodlers are never disturbed/upset during the correction period, they just take the opportunity to buy more in the dip.
You have to grow up with bitcoin. Most of the people that I know who had bitcoins in the early days made this mistake of chasing profits and selling everything at first high or first low. Then they kept observing how it moves and understood their mistakes. Some needed a few months to buy back, some a few years but they eventually came back and held for a long time, ignoring the short-term volatility.
Once you've been through a full bull-bear cycle you become immune to hype and panic.
Well, I will not be going to erase any possibility that our hope will come to reality. Yes, most of the time it won't but if we are tired of waiting, this is really be going to happen somehow. But what we gonna see this time is really in the opposite direction. But the time may come someday that the market will give us some favor and hear our hopes, we are just about to extend our patience as we know the market not all the time in bullish, dumps is also inevitable.
Only the thing I can say is not to lose hope, it is really be going to happen momentarily. It is sometimes we need to wait longer.
Only the thing I can say is not to lose hope, it is really be going to happen momentarily. It is sometimes we need to wait longer.
~Snip~
Of course to reach new ATH there will be extreme ups and downs, so use your best strategy to enter the market, such as buying crypto the DCA way.
because in the past I've bought on a market other than bitcoin, and it's quite disappointing for a price beyond the price of btc as below. indeed, by dividing several options it is buy but all the funds I deposit on the exchange still the desire to speak for greed, this makes me more Be careful and more concerned with analyzing 5 coins with the best transactions 24 hours before if you want to buy, how do you buy when you have good hopes with today's prices, brother?
Many people think that bitcoin should move up in a straight line but this is not how the market works. Markets may show us many up and down before moving up and sadly people are not ready for these movements and sell their bitcoin before it reaches the all time high.
The trading strategy in your photo looks almost identical.
The reality is more difficult, you know. people just want to do one-way trading, they always think upwards. As soon as there is a slight correction in the market, they get upset and leave the market in fear. This type of behavior is seen only among online traders, real hodlers are never disturbed/upset during the correction period, they just take the opportunity to buy more in the dip.
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