My fear in fall of Bitcoin. - page 4.

Joshapat

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Quote from: letteredhub on February 04, 2023, 08:11:11 AM

Quote from: Jaycoinz on February 03, 2023, 10:45:45 AM

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.

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.

gunhell16

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Quote from: Jaycoinz on February 03, 2023, 10:45:45 AM

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.

We have nothing to lose if you doubt bitcoin and it will be your money to spend if you buy bitcoin. Because the majority of communities in this era still believe in bitcoin and I know that even when bitcoin has never failed the long-term holders who hold it.

Then Bitcoin is another one that I think is now making us feel, I don't know if the other community here is also noticing it. I also believe that by the time 2024 comes, bitcoin's value will be far from its current price.

letteredhub

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Quote from: Jaycoinz on February 03, 2023, 10:45:45 AM

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.

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.

maydna

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Quote from: Ayers on February 04, 2023, 05:31:59 AM

Quote from: Jaycoinz on February 03, 2023, 10:45:45 AM

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.

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.

Our fear will prevent us from taking even the smallest risk, and we will not dare to take a single step. Perhaps, he needs to learn more about bitcoin to overcome his doubts and fears so he can know that an investment must have risks, and as long as we can overcome those risks, we don't need to be afraid. But let's just let him be like that until he can see how the potential of bitcoin is in the future. And if that time comes and he wants to invest in bitcoin, perhaps he will regret it because, at that time, the price might have been too high for him to buy.

jeraldskie11

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Quote from: John Abraham on February 04, 2023, 06:01:25 AM

Quote from: mk4 on February 03, 2023, 10:56:47 AM

Quote from: Jaycoinz on February 03, 2023, 10:45:45 AM

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.

Haha. Yeah, I was confused as fuck.
I am not wrong; Maybe he wanted to say that The lower the Price, the more people buy bitcoins. That would make sense.
But, If it's not, an OP stands by his statement, We would say you are wrong, buddy. Bitcoin Price affects by scarcity. Fewer Bitcoins on the market for trades mean more valuable it is. So, If people buy more, it will increase in Price.

The price of Bitcoin depends on the circulating supply and marketcap. The lower the circulating supply the higher the price. The higher the marketcap the higher the price. When people buy Bitcoin, price will go up. It's just a law supply and demand, this is not theory. If there's more demand than supply, price will increase. And if there's more supply than demand, the price will decrease.

I agree that price will go higher when the investors buy Bitcoin because we simple people can't make the market move.

John Abraham

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Quote from: mk4 on February 03, 2023, 10:56:47 AM

Quote from: Jaycoinz on February 03, 2023, 10:45:45 AM

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.

Haha. Yeah, I was confused as fuck.
I am not wrong; Maybe he wanted to say that The lower the Price, the more people buy bitcoins. That would make sense.
But, If it's not, an OP stands by his statement, We would say you are wrong, buddy. Bitcoin Price affects by scarcity. Fewer Bitcoins on the market for trades mean more valuable it is. So, If people buy more, it will increase in Price.

Ayers

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Quote from: Jaycoinz on February 03, 2023, 10:45:45 AM

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.

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.

bounceback

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Quote from: dimonstration on February 03, 2023, 11:11:30 AM

Quote from: mk4 on February 03, 2023, 10:56:47 AM

Quote from: Jaycoinz on February 03, 2023, 10:45:45 AM

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.

He got me confused too on his analogy but by making an assumption, I think he means more people buying and selling since having a huge number of trader that doesn't care about long-term investment will surely give a negative impact on Bitcoin price once fear is already high. I think the fear of buying and panic selling is what this thread is all about which is negligible for all the investors that looking at the future price and not the zoom-in price interaction.

Maybe what the OP meant was right as you meant and it seemed that the OP was scared when he saw the bitcoin price which was at its peak but suddenly the price dropped dramatically due to the simultaneous selling action of short-term investors who wanted to take profits. So my advice to the OP is not to worry too much about this because this incident often happens in the Crypto market and usually the decline will only last for a while and after that we will definitely see another increase higher every time there is a decline.

LogitechMouse

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I'm having a headache reading your thread OP like literally. Your analogy made me confused to the point that I need to read it 5 times before getting your point.

Quote from: Jaycoinz on February 03, 2023, 10:45:45 AM

Bitcoin is a cryptocurrency that no has the capability to predict it's rise or fall.

We know it just like what other markets.

Quote from: Jaycoinz on February 03, 2023, 10:45:45 AM

Cause Bitcoin is determined by the number of people in the digital market.

You are talking about the price of Bitcoin here right OP?

Quote from: Jaycoinz on February 03, 2023, 10:45:45 AM

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.

It's completely the opposite of what you said.
The higher number of people who buy some asset = it increases the price not lowering. Higher demand, same supply = price increase not decrease like you said.
The higher the number of investors and miners that will sell or withdraw their Bitcoin = that will make the price go down.

Quote from: Jaycoinz on February 03, 2023, 10:45:45 AM

So I still have the doubt of Bitcoin shooting higher just as we are expecting in 2024.

It's completely normal for a newbie to have doubts.
Try to learn at least the basics of Bitcoin and maybe some basics of economics. That will help you in your investing journey.

ethereumhunter

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It's okay if you are still unsure about bitcoin but if you still don't do anything or don't buy bitcoin, even in small amounts, you may regret it later, especially if the price of bitcoin can go up this year or next year. And even though the bitcoin price hasn't risen as high as the previous ATH price, bitcoin users will still be waiting for that moment to return and many of them even want to buy more bitcoins.

You may need more information about bitcoin so you know what to do. And don't be swayed by the negative news because it's not necessarily true.

Jawhead999

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If you have such thought, Bitcoin wouldn't create any new ATH after Bitcoin was successfully climb up from $3K to $19K, so when Bitcoin price in 2021 already reach $19K, the big holders will directly sold their coins, but as we can see it's not Roll Eyes

It just your assumptions for thinking the big holders are enough when Bitcoin price hit $69K, actually it's not because many early adopter hope Bitcoin would reach at least $100K and they're hoping Bitcoin would hit a Million or Billion in the future.

Holding from $3K to $69 is already a great achievement for many people, but not all people think like that.

xSkylarx

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Quote from: Jaycoinz on February 03, 2023, 10:45:45 AM

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.

Imagine that after halving, those miners will be selling half the bitcoin that they are selling now to pay their bills and necessities, meaning the selling pressure would be half. After the selling pressure is cut in half, what happens to the price? (You already know the answer.) Though crypto is volatile (as are fiat and stocks), we don't know what will happen. It may die or it may go to the moon. Just choose what ride you'll go into, or just want to be a spectator on its price and start ranting if the price goes up.

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Quote from: Jaycoinz on February 03, 2023, 10:45:45 AM

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.

As a newbie, negative thoughts will inevitably arise, your fear is normal because you have not experienced bear seasons, and you may not have learned the entire history of bitcoin before deciding to invest.
I don't have any advice for you, but I just want to tell you that, as an investment, there is always a risk, the higher the risk, the higher the return. Those who have become rich by investing in bitcoin because, in the past, they risked buying bitcoins for a few dollars while the rest of the world considered bitcoins junk. If you can't take the risk, then you don't deserve the commensurate reward.

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Quote from: Rigon on February 03, 2023, 08:38:26 PM

Quote from: Jaycoinz on February 03, 2023, 10:45:45 AM

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.

Why are you afraid conquer the fear and then you will surely see the face of success. No need to worry about the price of Bitcoin going down. The risk you take in investing will make your investment successful. When the market falls far below the high point, people do not stop investing, but people invest more. People invest the most during this fall. 2024 will definitely hold the market beyond people's imagination. Rest assured Bitcoin will cross $100,000 in 2024.

investing must be in a relaxed condition, where money is used and time is also used. if we have strong belief, it means we have hope, but nothing can be sure, so if that happens then we must be patient to accept the reality. actually we are already in the low price phase for bitcoin even before it touched $16k, and the most difficult thing was yesterday whether we dare to buy or not, because most people want to buy thinking that the price might come back down

Ndabagi01

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Quote from: Jaycoinz on February 03, 2023, 10:45:45 AM

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.

You have a completely incorrect bitcoin market ideology; what you said in your statement is the absolute opposite of what is actually happening to determine the price of bitcoin. If you move with this mindset, it means you have no knowledge of the bitcoin market and will need to learn and understand its working principles before proceeding with your investment.

Quote from: Belarge on February 03, 2023, 11:49:14 AM

My fear is so simple, just like everyone fears and hates loses, if Bitcoin falls then there will be so much lose, if you invest into Bitcoin and it falls, you will lose your money,
The fall of Bitcoin can even cause pain and depression to people most especially the beginners, after the fall so many won't be able to invest again because they will lost the zeal and trust...

Bitcoin is not an investment you will enter without being prepared; your mental mind must be prepared and ready for any consequences that may arise as a result of your decision to invest in bitcoin. People have died and some have committed suicide as a result of market losses. You should only invest what you can afford to lose, as this will result in little or no pain or depression if you lose money in the market.

Hispo

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Op, Bitcoin for many around here it is an investment and any investment comes with a degree of volatility and risk.
It is okey to have doubt and fear, after all it is your money and you are supposed to protect it.

I can only recommend you to do your own research and check the speculation board to clear any of your doubts and even ask some questions, if you feel Bitcoin is too volatile to you, then diversification it not a bad idea, you can invest in some other traditional assets and still have some satoshis you feel comfortable holding.

Do not trust gurus who claim to be all-knowing and incapable of failure, OP.
We all can fail on this matter and some of us, (I included) have.

Good luck.

Rigon

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Quote from: Jaycoinz on February 03, 2023, 10:45:45 AM

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.

Why are you afraid conquer the fear and then you will surely see the face of success. No need to worry about the price of Bitcoin going down. The risk you take in investing will make your investment successful. When the market falls far below the high point, people do not stop investing, but people invest more. People invest the most during this fall. 2024 will definitely hold the market beyond people's imagination. Rest assured Bitcoin will cross $100,000 in 2024.

Stella Mese

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bitcoin from time to time during the BULL RUN, has experienced an increase in price, and finally the bitcoin bull run in 2021. and if you look at the number of enthusiasts, of course there are more and more and of course that in theory will make the price of bitcoin even higher. and in my opinion for the next bull run bitcoin will be higher than in 2021. so in my opinion don't be afraid, so if you experience a fall in the price of bitcoin, don't think too much about it because it's normal .

Dr.Bitcoin_Strange

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@OP, I guess you missed this thread. I think you should also take a look at the comments on that thread.

What are your reasons for having the doubt that Bitcoin cannot attain a new high? I hope you are aware that in the crypto space, volatility is one concept of the market in which it can take two days or just a few days for a coin to skyrocket or dump, but it's good that Bitcoin is not a pump-and-dump coin, but rather, every person investing in Bitcoin must be fully aware of what they are getting into so that they don't have to fear anything or have some regrets at the end. Bitcoin has had its bear and bull seasons, and it has not yet been fully accepted that the bear market is finally over. When we are out of the bear market, I think that Bitcoin might rise to $30k or more, and by then, people who have bought at $17k may have made some profit.

Scripture

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Quote from: Jaycoinz on February 03, 2023, 10:45:45 AM

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.

Stay out of that negativity and start looking for the good side, Bitcoin is doing great right now and this could be our chance to pump again but of course you can’t expect a new ATH in an instant because it usually takes time. People can buy and sell anytime, the trend can influence the market but not the number of people though, have no doubt and start trusting Bitcoin, this is still a good one.

Topic: My fear in fall of Bitcoin. - page 4. (Read 609 times)