Topic: Hope Vs Realty of bitcoin - page 6. (Read 1257 times)

Therefore, investing in Bitcoin is better for the long term and let unimportant news pass like the wind. Making short-term investments in Bitcoin won't feel too overwhelming. What needs to be done is drop money in Bitcoin and leave news stories that make you mentally give up ownership. The Fud out there regarding Bitcoin is too dangerous to continue following.

This topic is not a long topic with an article but the point you mentioned here in the topic is a good point I have many friends introductions about bitcoin and since they are all new to investing they expect to see the super bullish movement like every day and the price should not even do any corrections at all while they are wrong, no matter on what market you are investing bitcoin gold or stocks markets the price is different in these markets but in any market, you cannot expect to see always bullish price movements.

Being lack of knowledge especially when it comes trading isn't really safe to be honest, because there's a lot of things that we need to learn in order understand how market really works..

Some says market is like a roller-coaster wherein after it goes down it will going up immediately like the drawing on the left side above.
But unfortunately that's not how it works!
Because the drawing in the right side is the real proof that can really tell how difficult to see and to understand how bitcoin really works and i totally agree with that bececause every form of candles and structure in the market has a reason and we should know about that.

Knowledge is the key! so always remember guys don't rush the situation..  

That's the worst diagram I have seen to display what the reality is. I get your point on how trading really is.
But you could have used a better image to post. The reality diagram has some points on the picture where the line is moving backwards and then again upwards.
In reality, the charts never go backwards. In fact you could have used the original bitcoin chart zoomed out to max itself.

Neither I, I mean before I jump off here at the crypto community I already did my own market research, how the market goes on, what are the common thing affecting market and so on. Expecting the first graph is not ideally but maybe dreaming that maybe it could came true could be possible but putting an expectation out of the market you know on the first place volatility dominates is not ideal. That's why many people lose money because they thinking that they will see a market trend like the first graph.

Indeed, which is why dozens of people lose their money in huge scales. The main cause of this is that most of the people that enters in this industry enters due to hype. They don't even know entirely what bitcoin or Blockchains are. Let alone market behaviour and more complicated stuff. They just jump in head first all because they saw someonr posting video or crypto content on social media boasting gains and all when the market is green then some I told you so videos when they managed to get some guesses about some shitcoin right.

I am not sure where the blame should be pointed at but every man is responsible for his actions. Being skeptical is common sense with something you don't understand and this is where the urge for learning comes from. If a person does not act on this urge, regardless of your reason you deserve losing your money on investing in something you barely even know about.

- On a side note though, it's quite good that the number of people doing high leverage orders decreased a lot in the past months(just read it somewhere but I am sure the source was credible just lost the link) which indicates that more traders are starting to mature. The best part? Despite the fud bombarding this industry today, the number of people letting go of their coins are decreasing. Seems like people are starting to understand how huge the potential of bitcoin is and how cheap it is today compared to its growth potential.

Honestly I didn't expect the first chart to happen, it's not a market scenario but more of a hype scheme. You will always think that all the time you hold it is considered "too early" to take profit. But behind it will be a concern that the bubble will suddenly burst and all will leave the place.

After all, I've come across such chart patterns several times but it's really painful to know.

Most of the new age investors want the graph to look like this (the 1st Graph), they are entering into crypto nothing but because of FOMO! They need overnight success but don't know anything about the technology behind this and how crypto works!

Hope is just a dream what shows on the first pic the flat straight up line .The reality is so clear that market goes always through ups and down .However i think the picture is really true for them who are new on trading or panic seller who just don't able to hold our valuable asset .I never sell my asset on loss .We have seen in past that market went totally downtrend even btc was near around 3/5K$ after that what it has gifted us that it has touched ath continuously and we made enough profit .It was not a straight uptrend it was an ups and down always .So that we need to be more patient and enter on the right time when market on more deep and exit with profit .

You don't have to sweat about it OP, it's free to dream and wonder a perfect market movement. I'm pretty sure that the people that you're talking about knows it too. Maybe you're just trying to dispel the illusion so people don't get their hopes up when the market suddenly goes down. Let them hold on to that hope, they're not hurting anyone.

Those who have bought at a high price and held for a long time are expecting a straight move which wouldn't happen ever. Bitcoin is the most popular cryptocurrency because of its volatility. So that traders and holders could take advantage of the volatility. Which wouldn't happen ever that shouldn't be expected. If Bitcoin starts straight line then people would lose interest to take entry which will stop straight line automatically. Believe it or not, psychology is directly related to Bitcoin pump and dump. We can't read traders' minds, that's why price pump and dump will exist forever.

If you see it very clearly those hopes are somehow true, it is a straight line upwards. Look in the chart data in a different angle or point, or zoom it out, the uptrend is like a straight line. Fact's never lie and as far as I know you still earn an approximate 28686.16% of ROI when bought in times of launch, this the reality and somehow people are blind in this fact.

 

But what I believed was that there must be hope and what turned into reality, but it takes time, dude. Look at the chart of Bitcoin and don't compare it with the recent ups and downs. Compare the price with 2010's bitcoin price. Now what will you see? Obviously, only a pump. Yes, I believe that if you are invested in a good cryptocurrency such as Bitcoin, you simply need to wait.Take an example: if you were invested in 2019 at a price of $8000, you might have seen the price go down and up, like you saw the price go up to $60k and now the price is around $38k. When compared to $60k, the price is lower, but when compared to the previous price of $8k, it is higher. So what is now the hope and reality game? I believed the bitcoin price was a time-frame. because it is both an asset and a source of wealth. My opinion regarding hope and reality.

My question is why the fud feels so real. When bitcoin fell to 34,000$, no one seems to be telling it will bounce from here. The social media analyst were screaming that it will go to 20,000$ because of this war. They reminded us constantly about the march 2020 covid crash and told us that this is a similar crash. Many people sold their holding and later price instead of going further down, started to rise and is near 39,000$.
When these analysts will give us hope that bitcoin is over 40K and bull run is about to start, the bitcoin will start dumping.

Do you even know what the words all time high even means? As there are many "all time highs" within the graph you've posted yet you seem to think it only applies to the final point which is where it magically stops higher up on the graph. What you really seem to mean is you should hold bitcoin forever with no end goal in site, which is meaningless because most people have hopes and dreams that require money to fund. If you want to live a life, you have to exchange your money for food, bills, holidays, car payments, etc. unless you wish to live like a hermit forever and waste it all. You also seem to confuse trading with investing, when there can be some fairly distinct differences that would take a book to describe.

I think most people know that markets works like that, but the thing that they are not prepared for ..is the extreme volatility. They buy at the wrong time, when the price is at a All-time-high and the media is all hyped up about that.... and then the price drop fast and they start to panic. (This is where they are losing their hope and this is where they are losing the opportunity to make some profits)

They will start selling when the paid shills in the media are at it's most active... these people are paid to spread uncertainty and panic.. when the Bitcoin price is dropping.... so people fall for that and they panic sell.  

I don't believe it and I'm not an optimistic person this time. I accept, I was badly losing this time (I guess we all have this). The reality is that the market seems to have another huge drop again. We probably saw a straight line downward, a big opposite to the picture. But then, we couldn't lose our hope, it can be done sooner, yet we never know.

Well, I'm fine holding again, 1-2 years, I think this was over and we were able to see the market turn in green.
I think we have to prepare for the worse just like before.

I don't trade but I do sell regularly in an almost predictable, not very flexible timeframe, and I can tell you, that chart you got there is what I would say is very, very optimistic.

Accurate at a while before the start of a rally en route to an ATH but holding past a cycle looks way, way bloodier than that. Long flatflines and heart-in-your-mouth drops, everyone dropping like flies, the rest of crypto on life support as the doom prophets crawl out of the woodworks.

It is fun.

Yes that's right because most of the easy things end in failure.  as well as investment we all are not easy all also need patience.
Bitcoin investment has a long life and has a big risk, only patient people can get through such market situation.
Ups and downs are normal things that happen in a market, but the cycle of time traveling down prices requires great patience.
Judging from the line of graphs that were made, it seems that the journey of an investor will be very easy, even though everything also needs a process
And mostly just patient people who always win.

I would say that this image is inaccurate. Something similar is what happens when HODLing Bitcoin, but if you are trading Bitcoin, the picture is going to be even more volatile.

This is generally common in the investment world. The road to profit is not a smooth one, it has many ups and downs, and those who endure the volatility for a premium asset they believe in for the long term are the ones who benefit the most.