Topic: Hope Vs Realty of bitcoin - page 7. (Read 1257 times)
It's a common scenario in every trading. Now two set of people move the Market namely the bulls and bears and they both struggle to gain dorminance in the market. Both in up and down trend we find both players actively involved although a trading session but the trend always determine who wins at the end of each session
The problem is not the hope, it is listening to FUD. Many people have already learned that bitcoin price is not going to reach the "moon" overnight but they still need to also learn that there is no need for it to crash for any arbitrary reason just because some people are fearmongering.
This is exactly my thought. In my peer it is only me that has the mind of leaving my bitcoin no many the nature of the market. But my friends pressure me alot, the other time they pressured me to the extent that I sold at lost and the next few days bitcoin is high again. For the fact that bitcoin will not double my $500 to $1000 overnight also means that it will not crash my $500 to $0 overnight. But I don't actually know why the fear. If it is altcoins no problem, but this is bitcoin the king.
The problem is not the hope, it is listening to FUD. Many people have already learned that bitcoin price is not going to reach the "moon" overnight but they still need to also learn that there is no need for it to crash for any arbitrary reason just because some people are fearmongering.
For example take the recent events. Why did they panic sell and crash the market to $34k? Simply because they were manipulated as we can see price is back to trying to pass $40k again despite the reasons for the FUD not having gone away.
For example take the recent events. Why did they panic sell and crash the market to $34k? Simply because they were manipulated as we can see price is back to trying to pass $40k again despite the reasons for the FUD not having gone away.
Many people think that bitcoin should move up in a straight line but this is not how the market works.
An investment that works like what they're liking, to a straight unstoppable increase, it's likely a scam if you look at the period of short term up to mid term.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.
But looking at the outer part of the chart of an investment that's just consistently going up. Zooming in with corrections and dips are fairly normal. That's why for bitcoin if you're the type of investor and lacks of patience then it isn't for you and the same goes for the mid term investors. Patient people wins this market.
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.
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