Stop the panic, I doubt we will see 14k or less Bitcoin - page 4.

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Quote from: capedbaldy on December 15, 2022, 06:40:21 PM

Quote from: Ryker1 on December 15, 2022, 06:22:25 PM

Yeah, that is right --as we can see, the market experienced again a correction after it shows resistance yesterday.
A volatile nature was expected for bitcoin price but it does not mean I agree that there is a $14k button because luckily, that was not happening as of this year. This correction will perhaps trigger the price to increase again by this month which is only my speculation. There is no negative news that happens around only Binance FUD that perhaps the reason bitcoin price now reacts to this.

High potential for a correction to occur in current market conditions, the $14k button is probably the worst that will happen if the market has returned another $15k by the end of this year, I was expecting the market to stabilize in the $18k area but sadly it didn't happen and so the hopes are early next year be a fresh start for market growth, i would like to see $20k price in january next year.

Indeed, right now we're at 17k line and it's still not stable as the end of 2022 approaches. Needless to say, we might see a much lower price in the next couple months and I think it's best to think that way rather than expecting a price that is unlikely to come in the 1st and 2nd quarter next year as we're still in for some surprises before the bullish season will commence.

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Quote from: yudi09 on December 16, 2022, 01:49:18 AM

The important point lies in their seriousness to learn by asking us how to invest in the crypto space. If that's done, then we have to explain and if necessary need special guidance so they can understand what they have to do.

At first I did not advise people to invest in crypto for fear that one day we will be blamed considering that investing in crypto does not always get the maximum profit. Back again with the discussion that I don't want to be blamed for suggesting without explaining the risks involved.

It is not obligatory for you to ask someone who knows nothing about investing to invest without basic knowledge. Crypto investment is always a high risk for anyone involved, including bitcoin. But of course you can spread awareness that bitcoin investment is one they can consider rather than just physical assets like gold, property or land.

Even if you tell them, you are not responsible for any losses or profits they generate. Look at how many people are panicking and worried about the future of their investment in crypto, so every decision has to be considered carefully. So if it's someone who comes to you for knowledge about bitcoin investing, then tell him about the risks instead of just the returns.

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Quote from: yudi09 on December 15, 2022, 06:13:38 AM

Long-term patterns must also have the desired target. But the benefits of choosing long-term investments in my opinion apart from avoiding high levels of panic like most traders, can also be an alternative to maintaining hedges even though the journey will not be free from risk. At least the risks are much smaller than the short term.

We must not convince people that investing here can bring the desired profit because the nature of the market is very volatile.

Of course, the short term and long term must be carried out with targets that we set from the start. It is something that should not be forgotten to suppress the natural greed that resides within us. By setting the target from the start, we will know what to do when the price reaches the target.

I also agree, we should not convince people to invest solely for profit. After all, it is they themselves who must determine whether or not they are interested in investing in bitcoin. Our task is only to thoroughly explain what bitcoin is, how it works, the risks and benefits and so on. After that it's up to them what they want to do.

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We may find out soon. I think the Binance FUD is nearing some sort of conclusion. Now that their auditor quit, it seems there is a bit of fire below all that smoke. Something will have to happen soon. Either Binance proves without a doubt they have the money to back deposits, or they don’t and the market crashes again. I tend to think Binance isn’t as strong as they say and BNB is ripe for a blowup. We’ll probably find out for sure soon enough.

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Panic is a bad attitude and will make us regret, panic usually occurs because we make decisions too quickly or because we are pressed, especially when we see our assets dropped it will make us panic and immediately want to sell, from now we must prepare ourselves so as not to panic.

actually it's a very common thing and everyone can experience it, it's just a matter of how the panic situation can be handled as well as possible so that it doesn't make mistakes in anticipating what will be done. In a panic situation, you are very vulnerable to taking actions that can end up hurting yourself, but if you are used to experiencing them, you will be able to manage so that you don't panic too much in the actions you will take.

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Quote from: laurenB7742 on December 15, 2022, 11:34:25 PM

Why not educate people about bitcoin instead of recommending they invest in it? Although we have experience and understanding of the market, we cannot guarantee that we will make a profit, so it is very risky to give someone financial advice.
I like, they should have basic knowledge before investing in bitcoin. They have to be responsible for their own money if unfortunately, they lose, they can't blame us. If they invest on our advice, they will think that we are trying to scam them.

The important point lies in their seriousness to learn by asking us how to invest in the crypto space. If that's done, then we have to explain and if necessary need special guidance so they can understand what they have to do.

At first I did not advise people to invest in crypto for fear that one day we will be blamed considering that investing in crypto does not always get the maximum profit. Back again with the discussion that I don't want to be blamed for suggesting without explaining the risks involved.

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Quote from: yudi09 on December 15, 2022, 11:01:58 PM

Quote from: wmaurik on December 15, 2022, 10:49:20 AM

Quote from: yudi09 on December 15, 2022, 06:13:38 AM

We must not convince people that investing here can bring the desired profit because the nature of the market is very volatile.

It's not supposed to convince everyone on every investment, but if someone asks about a good investment in crypto. I don't think it would be wrong if we try to recommend it for him according to the experiences we have seen or felt in the past. Because it can at least be a basic knowledge for him for the scope of investment before he makes a final decision on himself by understanding some of the risks.

It is not wrong for us to do ^(recommend) to others a good investment choice in the crypto space based on our experience and knowledge on Bitcoin. We need other actions that need to be taken if we recommend the person, such as describing the risks that will be obtained to avoid mistakes that will be directed at us if they fail, unless the person comes and asks us what type of investment is good. If later in their journey they fail to achieve what they want, then we don't deserve to be blamed.
I think so buddy.

Why not educate people about bitcoin instead of recommending they invest in it? Although we have experience and understanding of the market, we cannot guarantee that we will make a profit, so it is very risky to give someone financial advice.
I like, they should have basic knowledge before investing in bitcoin. They have to be responsible for their own money if unfortunately, they lose, they can't blame us. If they invest on our advice, they will think that we are trying to scam them.

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Quote from: wmaurik on December 15, 2022, 10:49:20 AM

Quote from: yudi09 on December 15, 2022, 06:13:38 AM

We must not convince people that investing here can bring the desired profit because the nature of the market is very volatile.

It's not supposed to convince everyone on every investment, but if someone asks about a good investment in crypto. I don't think it would be wrong if we try to recommend it for him according to the experiences we have seen or felt in the past. Because it can at least be a basic knowledge for him for the scope of investment before he makes a final decision on himself by understanding some of the risks.

It is not wrong for us to do ^(recommend) to others a good investment choice in the crypto space based on our experience and knowledge on Bitcoin. We need other actions that need to be taken if we recommend the person, such as describing the risks that will be obtained to avoid mistakes that will be directed at us if they fail, unless the person comes and asks us what type of investment is good. If later in their journey they fail to achieve what they want, then we don't deserve to be blamed.
I think so buddy.

STT

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Negative action as we back off from the 50 day average. I feel we can still test 20k but next week rather then this week, lows of today are the weekly average which is where I pivot between a bullish short term outlook and expecting further selling. If we can hold the lows of 14th Dec till the weekend then BTC could trade positively for the rest of the week.
17299 is the price to watch for the meanwhile to determine outlook ongoing, otherwise 17k is a bigger area with more common ground to hold support/resistance.

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Quote from: capedbaldy on December 15, 2022, 06:40:21 PM

Quote from: Ryker1 on December 15, 2022, 06:22:25 PM

Yeah, that is right --as we can see, the market experienced again a correction after it shows resistance yesterday.
A volatile nature was expected for bitcoin price but it does not mean I agree that there is a $14k button because luckily, that was not happening as of this year. This correction will perhaps trigger the price to increase again by this month which is only my speculation. There is no negative news that happens around only Binance FUD that perhaps the reason bitcoin price now reacts to this.

High potential for a correction to occur in current market conditions, the $14k button is probably the worst that will happen if the market has returned another $15k by the end of this year, I was expecting the market to stabilize in the $18k area but sadly it didn't happen and so the hopes are early next year be a fresh start for market growth, i would like to see $20k price in january next year.

well, this price may not happen but it depends on how we attack this market to take the opportunity of what the current market price is. it may go down a lil bit but what are you doing when we hit the bottom?if nothing else, so going down or not, there's no impact on your portfolio. it will have significant meaning if you are investing some coins while we are at this bearish season.

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Quote from: Ryker1 on December 15, 2022, 06:22:25 PM

Quote from: Baofeng on December 15, 2022, 06:05:03 PM

^[snip]
As for $14k, yeah at least for this year we won't see it, or maybe we really have hit the bottom around $15,500 this year and this could also be the lowest low for the entire bear market. Not unless we will see another black swan, similar to Luna or FTX or even worst that the market will not just go down $14k, maybe we can reach $10k as the bottom and final capitulation. But nevertheless, as I have said, accumulation is the key in a bear market in order for us to make money in the next bull run.

Yeah, that is right --as we can see, the market experienced again a correction after it shows resistance yesterday.
A volatile nature was expected for bitcoin price but it does not mean I agree that there is a $14k button because luckily, that was not happening as of this year. This correction will perhaps trigger the price to increase again by this month which is only my speculation. There is no negative news that happens around only Binance FUD that perhaps the reason bitcoin price now reacts to this.

Having those FUDs or not, the market would really still remain unpredictable and there's no way that we could really make out those assumptions to be sure even if the market is really full of fundamentals around.
$14k isnt really too far off honestly and we might be able to hit that bottom or even the worst.The year isnt on its end yet and we are almost 2 weeks before it ends but there are no signs or news or events
that might really be a cause or reason on why neither would be having a pump or a dump.There's no way on telling or making conclusions and this is why when taking up some
investment decisions then it would really be entirely depending on you.

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Quote from: Ryker1 on December 15, 2022, 06:22:25 PM

Yeah, that is right --as we can see, the market experienced again a correction after it shows resistance yesterday.
A volatile nature was expected for bitcoin price but it does not mean I agree that there is a $14k button because luckily, that was not happening as of this year. This correction will perhaps trigger the price to increase again by this month which is only my speculation. There is no negative news that happens around only Binance FUD that perhaps the reason bitcoin price now reacts to this.

High potential for a correction to occur in current market conditions, the $14k button is probably the worst that will happen if the market has returned another $15k by the end of this year, I was expecting the market to stabilize in the $18k area but sadly it didn't happen and so the hopes are early next year be a fresh start for market growth, i would like to see $20k price in january next year.

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Quote from: wmaurik on December 15, 2022, 10:49:20 AM

Quote from: yudi09 on December 15, 2022, 06:13:38 AM

We must not convince people that investing here can bring the desired profit because the nature of the market is very volatile.

It's not supposed to convince everyone on every investment, but if someone asks about a good investment in crypto. I don't think it would be wrong if we try to recommend it for him according to the experiences we have seen or felt in the past. Because it can at least be a basic knowledge for him for the scope of investment before he makes a final decision on himself by understanding some of the risks.

Agreed, rather than convincing it is good to give suggestions and let them learn the market. Our suggestion could help them understand the working process of the market than just investing with the thought of being rich overnight. The market hadn't experiencing panic as the past, because people are well aware of the market and taking proper decisions than getting into panic selling which makes the whales take advantage.

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Quote from: Baofeng on December 15, 2022, 06:05:03 PM

^[snip]
As for $14k, yeah at least for this year we won't see it, or maybe we really have hit the bottom around $15,500 this year and this could also be the lowest low for the entire bear market. Not unless we will see another black swan, similar to Luna or FTX or even worst that the market will not just go down $14k, maybe we can reach $10k as the bottom and final capitulation. But nevertheless, as I have said, accumulation is the key in a bear market in order for us to make money in the next bull run.

Yeah, that is right --as we can see, the market experienced again a correction after it shows resistance yesterday.
A volatile nature was expected for bitcoin price but it does not mean I agree that there is a $14k button because luckily, that was not happening as of this year. This correction will perhaps trigger the price to increase again by this month which is only my speculation. There is no negative news that happens around only Binance FUD that perhaps the reason bitcoin price now reacts to this.

Baofeng

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Quote from: wmaurik on December 15, 2022, 10:49:20 AM

Quote from: yudi09 on December 15, 2022, 06:13:38 AM

We must not convince people that investing here can bring the desired profit because the nature of the market is very volatile.

It's not supposed to convince everyone on every investment, but if someone asks about a good investment in crypto. I don't think it would be wrong if we try to recommend it for him according to the experiences we have seen or felt in the past. Because it can at least be a basic knowledge for him for the scope of investment before he makes a final decision on himself by understanding some of the risks.

Basic knowledge? yeah, simply buy at every dip, or do DCA and hold, that could be the easiest and non complicated strategy that we can used in this market.

As for $14k, yeah at least for this year we won't see it, or maybe we really have hit the bottom around $15,500 this year and this could also be the lowest low for the entire bear market. Not unless we will see another black swan, similar to Luna or FTX or even worst that the market will not just go down $14k, maybe we can reach $10k as the bottom and final capitulation. But nevertheless, as I have said, accumulation is the key in a bear market in order for us to make money in the next bull run.

$crypto$

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Quote from: carlisle1 on December 15, 2022, 11:45:24 AM

If you are willing to guide and share your best practices then go for it, but if you are just going to recommend without any assistance
for sure if he fails, he will put the blame on you.

A human act that mostly a big mistake when investing, but the intension was right. Why not share your knowledge and
work along those people who are close to you, crypto is a good place to those who willing to understand.

Not a quick venue to richness, but a good place to invest and hopefully succeed with your ventures.

Guiding is a noble way to help them know about the best investment recommendations and even share the practices that are being carried out, but we must give them a note that the practice will not be the same for everyone, so he must understand when he fails, don't blame him, just learn from these mistakes if only relying on one's practice, the one being assisted will not develop in analyzing other patterns.

They must have their own knowledge, but with guidance when they understand, they can choose their own way and no longer need to rely on other people just to ask about investments.

Well, crypto is not that place let alone want to get rich quick, all of that has a time when you get good profits.
If it's Bitcoin then it's a long term option.

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Quote from: wmaurik on December 15, 2022, 10:49:20 AM

Quote from: yudi09 on December 15, 2022, 06:13:38 AM

We must not convince people that investing here can bring the desired profit because the nature of the market is very volatile.

It's not supposed to convince everyone on every investment, but if someone asks about a good investment in crypto. I don't think it would be wrong if we try to recommend it for him according to the experiences we have seen or felt in the past. Because it can at least be a basic knowledge for him for the scope of investment before he makes a final decision on himself by understanding some of the risks.

If you are willing to guide and share your best practices then go for it, but if you are just going to recommend without any assistance
for sure if he fails, he will put the blame on you.

A human act that mostly a big mistake when investing, but the intension was right. Why not share your knowledge and
work along those people who are close to you, crypto is a good place to those who willing to understand.

Not a quick venue to richness, but a good place to invest and hopefully succeed with your ventures.

wmaurik

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Quote from: yudi09 on December 15, 2022, 06:13:38 AM

We must not convince people that investing here can bring the desired profit because the nature of the market is very volatile.

It's not supposed to convince everyone on every investment, but if someone asks about a good investment in crypto. I don't think it would be wrong if we try to recommend it for him according to the experiences we have seen or felt in the past. Because it can at least be a basic knowledge for him for the scope of investment before he makes a final decision on himself by understanding some of the risks.

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Quote from: Jody.Drummer on December 13, 2022, 05:03:41 PM

Quote from: yudi09 on December 13, 2022, 05:25:46 AM

Quote from: Pejoh Asu on December 13, 2022, 02:43:53 AM

-

For me this pattern applies to day traders. For those who choose to invest in Bitcoin in the long term, they won't bother themselves for things like you mentioned. We feel the best way to avoid panic is to choose long-term investments.
So far, long-term patterns are still the best concept to do, considering that ups and downs will always be the main activity of the market.

Agree with what you say because regardless of anything for people who have long term goals something like this is not a problem because they realize this will not really interfere with the long term plans they have drawn up.
The conditions right now are really tough for day traders but if people are intending to invest long term at least for the next few years something like this they will make the best of it to buy as much cargo as they can because regardless this is a big discount and they know that in the future they will get more by buying now.

Long-term patterns must also have the desired target. But the benefits of choosing long-term investments in my opinion apart from avoiding high levels of panic like most traders, can also be an alternative to maintaining hedges even though the journey will not be free from risk. At least the risks are much smaller than the short term.

We must not convince people that investing here can bring the desired profit because the nature of the market is very volatile.

Jody.Drummer

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Quote from: yudi09 on December 13, 2022, 05:25:46 AM

Quote from: Pejoh Asu on December 13, 2022, 02:43:53 AM

The first thing we have to understand when investment bitcoin is to understand the price patterns that occur, up or down in a day can reach 10% more, even when there are big issues like Luna or FTX have dropped more than 35% in a week, when we know With this pattern, we must be prepared and don't panic.

For me this pattern applies to day traders. For those who choose to invest in Bitcoin in the long term, they won't bother themselves for things like you mentioned. We feel the best way to avoid panic is to choose long-term investments.
So far, long-term patterns are still the best concept to do, considering that ups and downs will always be the main activity of the market.

Agree with what you say because regardless of anything for people who have long term goals something like this is not a problem because they realize this will not really interfere with the long term plans they have drawn up.
The conditions right now are really tough for day traders but if people are intending to invest long term at least for the next few years something like this they will make the best of it to buy as much cargo as they can because regardless this is a big discount and they know that in the future they will get more by buying now.

Topic: Stop the panic, I doubt we will see 14k or less Bitcoin - page 4. (Read 2906 times)