Topic: Take your eyes off from the fall in price - page 2. (Read 996 times)

Normally, investors who know how the market has been moving for the past few months will definitely not give up and will also use the opportunity to buy more satoshi. However, anyone who has accumulated some bitcoins should hold on to the investment. The time to sell is coming, which I believe everybody will live to witness and benefit from. I believe even if someone is new to the investment, they need to know that the market is not favourable to selling their bitcoin at the moment, so I will advise these people to keep holding their coins. If they have funds, they should even invest more if they can leave it there and take the risk because, obviously, the time will soon come.

The hardest and most difficult part to explain about being a long term bitcoiner is the fact that I am not wealthy at all, I am not even rich, and by many high priced western nations I could be even considered poor, not so much in my nation of course.

So when you say you are a veteran, people ask why you are not rich, I have been here for 10 years, and I have made a lot of money and never worked in an office for the past 7 or so years, made all my income from bitcoin, that should be enough, but they expect someone who has been here for 10 years to be at least a millionaire if not more. So, it is really not something that matters all that much, but I do agree with what you said, and I think all the veteran bitcoiners would agree to that.

As sort of experienced Bitcoiner (I don't like to brag about it), I always suggest young people or new Bitcoin investors be patient and never ever expect Bitcoin to make you thousands of dollars so quickly at this point. But, obviously, market price is cheap now. But this is also complicated. Price has room to go below these levels for sure because there is certain lack of demand from whales, big established investors. So being cautious is the best thing to do.

I  see the price down like an oportunity to buy bicoin with discount.

Stack every satoshi that you can.

Regards!

I will not give up in my holding, because I know very soon investors will begin to experience massive pumping from the market that will make investors to hold until that particular price they want to see before they can sell their coins appear in the market before they can sell to make a passive income. If you look at the current price very well, you will discover that the bullish season will definitely show up before the end of this year, and you can still make some income if you invested in a potential coins. Nothing will make me to be distracted in this current price situation where all eyes is in the market just because of the year that is coming to an end in few months time and people need to start arranging one or two things that will make the family happy.

Is it like ups and downs situation where it goes up and comes down? If that's the case I think from all these crazy movement I think investors shouldn't panic better still they should act like is nothing, like they now know what will follow next.
Like you said Bitcoin price is unpredictable and if it goes up investors should expect it to come down the next time, not easy to follow but the question is can they keep track of the positive and negative movement of Bitcoin price?




For an investor to start panicking then he hasn't seen the worse of Bitcoin price, either he/she is new to it or is just that lack of patience. Definitely what goes up must surely come down and in Bitcoin price as far as I know ones it comes down it won't stay down for a long period of time. So I expected investors to know when to hold and not to.
Since they're expecting something that would turn everything around come next year I just wish they could keep that hope of seeing the next bull come to pass, but as for me this year is still promising.

Market price is not that perfect reflection of all things, it can be totally wrong.  Kinda funny we have to write this down and think a little while to realize of course thats true.  The price will be too expensive and sometimes too cheap, opinions will vary.    Its one of those things, people will sell purely because the price went down sometimes like during the pandemic that was enough to shake anyone's hold on their BTC.  It was a rollercoaster sheer drop on one particular day then it reversed and that was the bottom.   Simplest modifier to that thinking might be to consider volume, 1 person selling at 20k now isnt really bearish.    Price is the label on the item, its not the item :p

The current price of bitcoin might appears to be a disappointment to those who plan on selling at the end of every given month, either as a result of buying from last dip market and they expected the price to spark all high in the coming month, but the market happens to do the opposite keeping them on the disappointment line.

But those who are using DCA strategies to run the system as they are focused on their buying more than when to sell, will see the current market as a added advantage to their buying.

But to me I see the market as a normal something which we do experiences every given time m, given the price movement of bitcoin when this thread was created as of August’s, their was really a rough season, but that does not mean it will break someone who is devoted to accumulating, it was only a price drop and not a lost of bitcoin, a holders 1 bitcoin still remains 1 bitcoin the only thing that changed was the price per bitcoin and nothing more, which is not enough realm to break my trust on the digital asset or even change my mind from buying.

Some of them have a strong mentality and this is based on the many experiences they have had in previous years. So they will not change their beliefs in the slightest even though the market situation is going down drastically, but they consider that the downturn is the moment to buy again and keep buying. It's just that some of them who are depressed about certain things will do something stupid in a situation like this.

I won't even call them beginners or seniors because a bad decision can be made by senior or beginner investors. So I believe that those who are not strong enough to hold on when the market turns red are based on their mentality not being strong enough for that situation. Losses are always obvious but they keep doing it and that's a bad thing to avoid in Bitcoin investment.

This can't apply to every coin, as we've seen multiple examples of coins never recovering. That's a loss; holding on forever, hoping it'd recover, doesn't do much. Bitcoin is a completely different story, but even then, Bitcoin has gone through some large periods of bear market that would even make the toughest sell.
No, it shouldn't; the price isn't that bad; to be honest, judging by the general financial condition, I'd expect it to be way worse. It's reasonable for investors to panic, but as someone who has suffered a few bear markets in my lifetime, I'm not too concerned. Personally, it's about $2,000 away from my current DCA price, so I'm hardly at a loss. The current price should encourage more purchases; it's approximately 1/3 of its ATH, and you're open to great opportunities even if you purchase now.

The dip and pump is the crucial properties of crypto industry therefore it cannot be same all the time so if you are happy during Bull run then also be happy during bear run as you can pile up more asset if you try to secure profit so always put it in your minds that everything happens for particular cause.

Your time will not waste if you wait during bear market and become a part of some other job which will consume your precious time in order to give you maximum amount of payback.

If you sell your asset due to panic then you will be in great loss which should he circumvent and new ideas should be utilize to escape your money from losing.

This price is not bad up till now in my opinion because bitcoin has dumped more than this before and we still survived it, so the actual price of bitcoin is still okay up till now for people that want to invest. The fact that the bitcoin price has dumped more than it is now and we still don’t have issues with what has been invested by that time shows that even right now the price is okay, we don't need to fear, and if there are funds, we can still buy more. I won’t say the price is discouraging since we all believe that the bitcoin price will rise more than everyone is expecting. For investors, anyone who has knowledge of the bitcoin market knows that this is not a big deal, and I believe some of them will still take advantage of the market to purchase more of it.



This will be for new investors that still lack knowledge of how the bitcoin market fluctuates, because as we are expecting something big, most investors knew this would happen in the market, even though the market for bitcoin is unpredictable. If you look at how the market has been going a few months ago, you will understand we will have a dump before the market rises again. And if we all take this into consideration, then definitely some people will regret their decision because they will lose funds, but as we are saying, if they have patience, anything that goes around must come around.


Investors don’t have a problem with the amount of bitcoin right now as they most of them know how it works, and any investor who is panicking because of the dumping will either have invested the amount he cannot afford to lose or something similar to that, as we are all expecting the price to go higher, and this is not the first time in which the market is declining; we need to consider that also.

wrong , who says it comfirmly about the price to reach or stays that level?35k? I don't think anyone can predict that as we are near halving next year in which proven
to be the saddest days of market before the Bullying happened.
have seen this twice and yes I know it will happen again this year.
while you are calling for newbies , indeed that your advise must be taken into consideration but for
old timer? i believe that they already  knew this coiming .

Lets take for example on what happened recently about the price which it did really dropped down to $25k, so lots of anticipations that this strong support would really be having that breakout which it might cause

for more dip but we are wrong once again.It did make some bounce as of this moment on which its price is playing around $26100+ which for those people who did make some long position then for sure
they did make some profit in very short time and im one of those.  . Once the price do hit up a strong support then there's only 2 things might happen whether theres a breakout or would really be having that rejection which is something that you would really be needing to take risks if you do have plans on taking advantage with that kind of possible entry point.

If you do keep on watching the price and you are really that going for long term then it isnt really that much of an issue or something that you must do. Better DCA when you do have the funds
and looking into the market price which is really that decreasing on which you could really take advantage with that movement and something that you could really be able to make money
if done right.

It is necessary to have knowledge on what we're getting into so that we can understand what's happening and would not wonder on why the price is declining. But the problem to some investors are they didn't take time to learn before investing and just blindly invest without even a basic knowledge about it. These investors are those who often panic when the market is in bearish so they just sell at loss before the price goes down further because they think that's the best decision during this time.

Bear season is inevitable but this won't stay forever. So for newbies, stop worrying because as long as you're holding Bitcoin and established coins. The time will come it will bounce back once the bear season is over.

It is normal for investors or traders to feel insecure because the price of Bitcoin fluctuates greatly, but if that feeling overpowers your confidence in investing in Bitcoin, you have made a big mistake. look again at the history of bitcoin prices in the few years ago, the price of bitcoin will never be stable, maybe now the price is $25k but believe me in the future the price could be at $100k/btc. Apart from that, the FUD against Bitcoin will continue, just ignore it!!

Remember; you'd only lose once you choose to sell or cur rhe losses. Unfortunately ir is strugglinf at $25k market value due to many possible reasons affecting the market. On my end ofcourse I am happy with this opportunity to invest but also worried with my existing holdings only to when will rge market price recover. However, I'd choose holding until recovery take over this market which is possible this month. As we can see, the market price of it is down for more rhan a month already and buying pressure forms below $25k. Some are saying that its value could fall as low as $20k due to the cme gap around that price point. But bottomline is no one has the assurance so better to juat take a position you could endure whatever will happen in this market.

Whenever there is decline in price, it serves to be a panic factor. To avoid such situation it is always good to stay away from watching the market. When we get into something new, we should have the eagerness to keep ourselves in a better position knowing everything associated with it. Through this it is possible to understand the real market and prepare ourselves than just losing due to panic waves.

Actually a lot of people entered into Bitcoin without much knowledge of how it works and what drives the market. I have seen quite a lot of such people who panic at every given opportunity. Of a truth, the first step every investor should take is to seek the relevant knowledge needed to be able to handle various market conditions. There was a time I also panicked like that but I learnt to handle my emotions with time...I learnt that from this forum by following people who have been there before.

This concept of "spared money" is what I don't really understand because a good proportion of human population do not have money they can throw away. Besides, why can't I invest some percentage of my capital in something I believe in? Why should I wait till I have spared money before buying Bitcoin? I feel we should rather encourage people to invest wisely and not encourage them to wait till they have spared money which might not actually come.

The current price of bitcoin should not be a barrier or a discourage to someone who is investing in bitcoin, because its very obvious that theirs no specific time for someone to invest in bitcoin, if you want to invest with bitcoin you can invest at any point in time, and I believe that cryptocurrency investment is something I know quite well, that the investment of Bitcoin if you have funds you can as well invest, because concentrating on the price of bitcoin now you will get discouraged especially a new person in cryptocurrency, so therefore bitcoin investment should be done with target and your budget irrespective the value of bitcoin.