Topic: My fear in fall of Bitcoin. - page 3. (Read 674 times)
It is normal to fear something, it doesn't matter what it is, fear is a normal part of life, fear was the thing that kept us alive for all these years and allowed us to evolve, in fact fear could be the driving factor in life most of the time. No human, even if they were never told what would happen, could go touch a fire without knowing what will happen, even at toddler age, you automatically know what will happen when you touch a fire, that's ages and ages of evolution. Which means that you know what could happen if bitcoin falls, and you have seen it fall, so you can fear it, its normal. You can't control your fear, but you can control what you can do while being afraid. Because believe me, heroes are not the people who do something without fear, heroes are the people who do it while still being afraid of it, you think firemen go into burning building to save people have zero fear? Of course they fear, and of course they know building could collapse on them, but they still do it, thats why they are heroes, fear the price fall, and still do the right thing.
OP, trust me - bitcoin in the long run is still a lot better than any other physical asset investment. You need to look at history and steel yourself to believe that bitcoin can create much more history in the future.
I know OP needs motivation and the best advice, but I will disagree with your statement. Bitcoin is an investment that can offer high returns but is riskier than other physical asset investments. You cannot say that bitcoin is better than gold or real estate in terms of safety. Investing in bitcoin is that we need to take risks, which means we are willing to accept the loss of the money we use to invest. If OP is investing with money that can't be lost, then he should reconsider his investment.
As more people know about Bitcoin and cryptocurrencies, some will like it and understand it, while others who don't understand Bitcoin's appeal or purpose, will dismiss it as a bubble. The fact is that the number of people who buy Bitcoin and cryptocurrencies is huge, but there are still those who don't like Bitcoin. This can easily affect the price of an asset in a short amount of time.
December 2022 BTC is priced at $16,256 although it is vulnerable to correction you can see today's high BTC is $23,472 and it is only 2 months 5 days long up $7,216.
Bitcoin will continue to rise slowly but surely.
December 2022 BTC is priced at $16,256 although it is vulnerable to correction you can see today's high BTC is $23,472 and it is only 2 months 5 days long up $7,216.
Bitcoin will continue to rise slowly but surely.
and if the holder has doubt about the capability of bitcoin, then, don't hold. just simple as that. because if you continue to hold and you worry too much, you are just giving yourself a heart attack for no reason. better let go if you can't handle the volatility factor in bitcoin.
as you have presented, only couple of months and we've seen the price to go up such amount. now, if you compare it with other assets like maybe gold, of course you can't expect that kind of increase. it is up to you if you can handle the price movement in btc. otherwise, just stick to tangible assets with more stability in price like gold.
As more people know about Bitcoin and cryptocurrencies, some will like it and understand it, while others who don't understand Bitcoin's appeal or purpose, will dismiss it as a bubble. The fact is that the number of people who buy Bitcoin and cryptocurrencies is huge, but there are still those who don't like Bitcoin. This can easily affect the price of an asset in a short amount of time.
December 2022 BTC is priced at $16,256 although it is vulnerable to correction you can see today's high BTC is $23,472 and it is only 2 months 5 days long up $7,216.
Bitcoin will continue to rise slowly but surely.
December 2022 BTC is priced at $16,256 although it is vulnerable to correction you can see today's high BTC is $23,472 and it is only 2 months 5 days long up $7,216.
Bitcoin will continue to rise slowly but surely.
OP, trust me - bitcoin in the long run is still a lot better than any other physical asset investment. You need to look at history and steel yourself to believe that bitcoin can create much more history in the future.
I know OP needs motivation and the best advice, but I will disagree with your statement. Bitcoin is an investment that can offer high returns but is riskier than other physical asset investments. You cannot say that bitcoin is better than gold or real estate in terms of safety. Investing in bitcoin is that we need to take risks, which means we are willing to accept the loss of the money we use to invest. If OP is investing with money that can't be lost, then he should reconsider his investment.
People who gave up during the bear season bought bitcoin at such high prices before the bull season that when the downturn came, and it happened quickly, they couldn't stand to see the value of the money decline so fast and they became desperate. But if they persisted and waited for the right moment to buy bitcoin again at the bottom price, by now, they must have started smiling happily because they saw the price of bitcoin increasing again.
This is the story of every newcomer to Bitcoin or Crypto. Many new people get interested in Bitcoin when the price goes up, and they buy it at the high price. They think it's increasing in price and it will increase further. But, when the market goes downtrend and makes some corrections, they get frustrated and sell it. You have to remember that you are not in loss until you sell it. If you bought in a high market, Hold and wait for a suitable time. Never sell at in lose.
Bitcoin is a cryptocurrency that no has the capability to predict it's rise or fall.
Yes we don’t predict the price. We estimate and calculate it. The price depends on lots of factors. Bitcoins price generally follows the policy of supply and demand. A commodity’s price increases when the supply is less and the demand for it increases. Same happens with Bitcoins also. But here Bitcoins are limited in number that is more Bitcoin supplies cannot be produced, hence it makes Bitcoins more valuable. So as the time will pass the demand across people for the coin will increase and hence the price will definitely rise. Just believe in Bitcoins and don’t lose OP.
Bitcoin is a cryptocurrency that no has the capability to predict it's rise or fall.
I am beginning to have a doubt that Bitcoin cannot go to a higher price just like the previous year.
Cause Bitcoin is determined by the number of people in the digital market. Just like the higher the number of people that purchase Bitcoin the lower it's price and for it price to go higher it requires some Bitcoin investors, traders and miner's to withdraw some percentage of their Bitcoin. So I still have the doubt of Bitcoin shooting higher just as we are expecting in 2024.
I am beginning to have a doubt that Bitcoin cannot go to a higher price just like the previous year.
Cause Bitcoin is determined by the number of people in the digital market. Just like the higher the number of people that purchase Bitcoin the lower it's price and for it price to go higher it requires some Bitcoin investors, traders and miner's to withdraw some percentage of their Bitcoin. So I still have the doubt of Bitcoin shooting higher just as we are expecting in 2024.
Yes, anything can happen, no one is sure that bitcoin will rise again and will hit new ATH, all is just our hope for bitcoin. But once you have invested with the expectation of making a profit, you must overcome your fear and take risks to achieve your goals. If you're scared and can't take the risk, sell your bitcoins, get out of the market, and give that opportunity to others. Why call bitcoin an opportunity, but not everyone can grasp it? Think about that.
I'm confident, I bet him that if he sells his bitcoins and gives up now, one day when bitcoin hits $100k, he'll come back and buy bitcoins at a higher price. I saw many people give up on bitcoin when the 2018 bear season caused them to lose faith in bitcoin, but they came back in the bull year 2021 when they saw bitcoin bounce back and hit new ATH. And they often lament and regret their wrong decisions in the past, but no matter how much they regret, that opportunity cannot come back. OP would be like them if he gave up bitcoin from now on.
People who gave up during the bear season bought bitcoin at such high prices before the bull season that when the downturn came and it happened quickly, they couldn't stand to see the value of the money decline so fast and they became desperate. But if they persisted and waited for the right moment to buy bitcoin again at the bottom price, by now, they must have started smiling happily because they saw the price of bitcoin increasing again.
You worry too much about all that. You may read too much fake news saying that the price of bitcoin will decrease and must be sold before it's too late.
Many predict that the price of bitcoin will shoot higher this year or next year and that is true because after experiencing a sharp decline like this, the price of bitcoin will usually increase and create new ATH. Moreover, next year there will be a halving process that will occur and that can trigger the price of bitcoin to create new ATH. So you should research and learn more so don't hesitate to invest in bitcoin. But all that is up to you because it is your money.
Many predict that the price of bitcoin will shoot higher this year or next year and that is true because after experiencing a sharp decline like this, the price of bitcoin will usually increase and create new ATH. Moreover, next year there will be a halving process that will occur and that can trigger the price of bitcoin to create new ATH. So you should research and learn more so don't hesitate to invest in bitcoin. But all that is up to you because it is your money.
Bitcoin is a cryptocurrency that no has the capability to predict it's rise or fall.
I am beginning to have a doubt that Bitcoin cannot go to a higher price just like the previous year.
Cause Bitcoin is determined by the number of people in the digital market. Just like the higher the number of people that purchase Bitcoin the lower it's price and for it price to go higher it requires some Bitcoin investors, traders and miner's to withdraw some percentage of their Bitcoin. So I still have the doubt of Bitcoin shooting higher just as we are expecting in 2024.
I am beginning to have a doubt that Bitcoin cannot go to a higher price just like the previous year.
Cause Bitcoin is determined by the number of people in the digital market. Just like the higher the number of people that purchase Bitcoin the lower it's price and for it price to go higher it requires some Bitcoin investors, traders and miner's to withdraw some percentage of their Bitcoin. So I still have the doubt of Bitcoin shooting higher just as we are expecting in 2024.
Yes, anything can happen, no one is sure that bitcoin will rise again and will hit new ATH, all is just our hope for bitcoin. But once you have invested with the expectation of making a profit, you must overcome your fear and take risks to achieve your goals. If you're scared and can't take the risk, sell your bitcoins, get out of the market, and give that opportunity to others. Why call bitcoin an opportunity, but not everyone can grasp it? Think about that.
I'm confident, I bet him that if he sells his bitcoins and gives up now, one day when bitcoin hits $100k, he'll come back and buy bitcoins at a higher price. I saw many people give up on bitcoin when the 2018 bear season caused them to lose faith in bitcoin, but they came back in the bull year 2021 when they saw bitcoin bounce back and hit new ATH. And they often lament and regret their wrong decisions in the past, but no matter how much they regret, that opportunity cannot come back. OP would be like them if he gave up bitcoin from now on.
Bitcoin is a cryptocurrency that no has the capability to predict it's rise or fall.
I am beginning to have a doubt that Bitcoin cannot go to a higher price just like the previous year.
Cause Bitcoin is determined by the number of people in the digital market. Just like the higher the number of people that purchase Bitcoin the lower it's price and for it price to go higher it requires some Bitcoin investors, traders and miner's to withdraw some percentage of their Bitcoin. So I still have the doubt of Bitcoin shooting higher just as we are expecting in 2024.
Dont be afraid because this would be the main thing you would be able to face on with this very unpredictable market on which this had been the typical thing you would be experiencing because this is the way for people to make money and make this investment to be worth.Falling doesnt mean that it would be over for bitcoin or in overall crypto space on which this would rather giving out the opportunity on buying cheaper coins.It is really just that people are really that too emotional and really that impulsive which is normal but once you do gain up sufficient experience then you would be able to handle up yourself I am beginning to have a doubt that Bitcoin cannot go to a higher price just like the previous year.
Cause Bitcoin is determined by the number of people in the digital market. Just like the higher the number of people that purchase Bitcoin the lower it's price and for it price to go higher it requires some Bitcoin investors, traders and miner's to withdraw some percentage of their Bitcoin. So I still have the doubt of Bitcoin shooting higher just as we are expecting in 2024.
well into this volatile and unpredictable market.Just let yourself do learn and experience on where it would be giving out some idea on how you should handle yourself.
Wait a minute? do you think the more people who buy the lower the price? what kind of condition is that because even when I studied at middle and high school when discussing the economy when there were more buyers, the price also went up instead of the other way around.
At least your fears must be more grounded in this case because the thing you are afraid of when the more you buy the lower is one of the conditions where something is impossible.
At least your fears must be more grounded in this case because the thing you are afraid of when the more you buy the lower is one of the conditions where something is impossible.
OP wrote this and despite many comments and questions doesn't care to add anything. It looks like this was nothing more than a pointless rant.
? ? ? What. I think the only part I understood was the first half of the second sentence. How does more people buying bitcoin lower the price? That's literally the opposite of what should happen in theory.
Exactly. The higher the price the more of the retail comes in thinking they can catch a fast 10 or 20% and sell. When the price is low more and more people sell out of fear of complete failure.
OP, ask yourself why would it fail? There's nothing wrong with it, but there's everything wrong with the fiat system.
Cause Bitcoin is determined by the number of people in the digital market. Just like the higher the number of people that purchase Bitcoin the lower it's price and for it price to go higher it requires some Bitcoin investors, traders and miner's to withdraw some percentage of their Bitcoin.
? ? ? What. I think the only part I understood was the first half of the second sentence. How does more people buying bitcoin lower the price? That's literally the opposite of what should happen in theory.
Exactly. The higher the price the more of the retail comes in thinking they can catch a fast 10 or 20% and sell. When the price is low more and more people sell out of fear of complete failure.
OP, ask yourself why would it fail? There's nothing wrong with it, but there's everything wrong with the fiat system.
I am beginning to have a doubt that Bitcoin cannot go to a higher price just like the previous year.
At least, I understood this part of your post better. I don't know how long you've been in this forum. If we go by your account registration date, it's just a few weeks. However, that doesn't distract the reality that you could've been here as a visitor for years without registering an account or you've been here on another account. Nonetheless, one thing you should've realized before now in all there is that Bitcoin has always done far greater than its previous ATH. Every fresh ATH is always higher than the previous one by more than double it's original price level. You can search previous data and then crosscheck all that. So don't panic I am beginning to have a doubt that Bitcoin cannot go to a higher price just like the previous year.
Cause Bitcoin is determined by the number of people in the digital market. Just like the higher the number of people that purchase Bitcoin the lower it's price and for it price to go higher it requires some Bitcoin investors, traders and miner's to withdraw some percentage of their Bitcoin. So I still have the doubt of Bitcoin shooting higher just as we are expecting in 2024.
If your expecting a new ATH to happen in 2024, then probably you will be disappointed by that time. Like most other people here I am also believing into the four year long cycle of bitcoin market and as per that cycle, we might be having complete recovery in 2024 which means we may get back to current ATH or around that by end of 2024 and we need to wait for 2025 to see new ATHes to keep happening until end of that year.Cause Bitcoin is determined by the number of people in the digital market. Just like the higher the number of people that purchase Bitcoin the lower it's price and for it price to go higher it requires some Bitcoin investors, traders and miner's to withdraw some percentage of their Bitcoin. So I still have the doubt of Bitcoin shooting higher just as we are expecting in 2024.
If your doubt is about recovery of bitcoin then the current market scenario must be there right answer for you because we are recovering right now from the bottom of current cycle which was around $16500 levels and check where bitcoin market is trading right now.
Fear is good. It means you're aware of the risks in this market. However, don't shy away from an investment just because of fear. Use your brain and figure out if it's going to be a good investment or a bad investment. Listen to both sides of the argument and weigh the pros and cons. Also, remember Warren Buffett who famously said to, "be greedy when others are fearful." Another gem is to buy when there's blood in the streets, even if the blood is your own...
In the case of Bitcoin though it doesn't have to be overcomplicated. Look at the 4 year cycle. Determine where we are in the cycle. Buy during the lows. Sell during the highs. Profit.
In the case of Bitcoin though it doesn't have to be overcomplicated. Look at the 4 year cycle. Determine where we are in the cycle. Buy during the lows. Sell during the highs. Profit.
I don't think you need to fear about the possibility of bitcoin price falling lower or bitcoin failing to reach the expected ATH as long as you are investing an amount you can afford to lose. The taste of the market is not only to achieve whatever we want, but everyone probably already knows that they may never be profitable if they do not have patience and good knowledge of the market.
OP, trust me - bitcoin in the long run is still a lot better than any other physical asset investment. You need to look at history and steel yourself to believe that bitcoin can create much more history in the future.
OP, trust me - bitcoin in the long run is still a lot better than any other physical asset investment. You need to look at history and steel yourself to believe that bitcoin can create much more history in the future.
Patience required, sometimes its about you more then the market that needs to develop. Dont ever over reach on BTC holding because it can take years literally, when we say volatile we really mean it. All the way from extreme hype down to a big lull and sideways movement, thats a real extreme shift from one of the spectrum to the other and the job of anyone involved is to handle it.
Nothing is free, BTC goes up alot we have to be able to handle that hot potato properly its mostly about our ability to hold more then BTC price because price isnt the absolute most important thing its mostly a reflection of the people imo.
Nothing is free, BTC goes up alot we have to be able to handle that hot potato properly its mostly about our ability to hold more then BTC price because price isnt the absolute most important thing its mostly a reflection of the people imo.
After the first two lines of your statement I had to go through some intellectual battle to understand what you're trying to say in the rest statement. Just in case you don't know ,the more people buy and invest in bitcoin the higher the price increases and not the other way round like you said.
I am thinking maybe OP didn't review his thread over again before posting, it's like one posted out of haste that eventually killed the supposed intended message of the thread.
Maybe he forgot to double check before posting, but looking at the title, his faith in bitcoin is dwindling. We couldn't understand the message he wanted to say, but I guess he invested in bitcoin with money that can't be lost, he is feeling afraid bitcoin will make him lose. If that's true, he's made a serious investment mistake.
Maybe he sells assets or uses money in savings so he is afraid if the price drops, and this is the mistake of most investors in bitcoin, as we know that bitcoin is like a roller coaster and if you expect profit in a short time of course it is a very difficult thing, it's better immediately change the mindset that is to make bitcoin for long term investment.
As users of this forum have often said, "Use the money you can afford to lose" means investing in money that really isn't needed for anything and can be used for the long term. Even if the money is lost or lost, then there is no regret because it has been allocated for investment.
If you continue to be afraid of the fall of bitcoin and maybe think that bitcoin can become zero or worthless, then the mentality of being an investor has failed. Bitcoin is not going to be Zero or weak, it has a long history of steadily rising and providing great returns over the long term. Bitcoin fluctuates and makes its price like a roller coaster, but the risk of this fluctuation gives greater profits when the price increases. So, there is nothing to be afraid of when investing using cold money and not needing it for anything in the future.
Bitcoin is a cryptocurrency that no has the capability to predict it's rise or fall.
I am beginning to have a doubt that Bitcoin cannot go to a higher price just like the previous year.
I am beginning to have a doubt that Bitcoin cannot go to a higher price just like the previous year.
No worries, my friend. Doubts and fears are like pesky flies at a picnic, but knowledge is the ultimate bug spray. Stay ahead of the game by doing your research and staying up-to-date on all things Bitcoin. Remember, the Bitcoin world can be a wild ride, so buckle up! And keep in mind that past performance is just a history lesson, not a crystal ball. Stay smart, stay cool, and make moves that you're confident in.
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