Take your eyes off from the fall in price - page 7.

virasog

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Quote from: Y3shot on August 23, 2023, 08:56:09 AM

Do not let the price of bitcoin right now make you give up on you investment plans, the drop in price is just a distraction to make you take a decision that can make you regret of the better days of the market coming.

Those who are new investors of Bitcoin, they may get nervous when they see some big dumps of Bitcoin and think that Bitcoin may never recover again. For those, it is best not to look at the price all the time. This may provoke them to sell out their investments.

For other people too, looking at the price charts 24/7, is not the right approach if you are making investments. Trading is something else where you need to keep updated about the price as your trade is time bound but for investment purposes, just make up your mind that you won't sell bitcoin until 6 months or a year, depending on the plan with which you have invested.

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Whether the price is low or not does not distract me that much anymore. I've already spent years with Bitcoin and have seen the ups and downs. Although it excites me whenever there is a sudden rise in the price or it saddens me whenever the price suddenly falls, I usually just forget about it after a minute or two.

For sure, it doesn't bother me if the price is low. Whether I have some savings to buy more or not, I know that a low price is nothing permanent. But to those who have the extra money, they should grab the opportunity. We will miss it sooner or later.

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Quote from: goaldigger on August 24, 2023, 04:45:12 PM

Quote from: Y3shot on August 23, 2023, 08:56:09 AM

Do not let the price of bitcoin right now make you give up on you investment plans, the drop in price is just a distraction to make you take a decision that can make you regret of the better days of the market coming.

This is not a distraction but a proof that the market is very volatile and this is not your place for a quick reach scheme so don’t just believe on any hype and continue to analyze the market. Its better if you will start looking for a good entry price before the price recovers because this dump will only be temporary and we know that bull market is about to happen so don’t waste your time for panicking, just stay focus and do what is necessary for you.

I think that's correct because if you are the type that wants to buy bitcoin because of the good stories you have heard concerning the sudden rise in price where by making you sustain lots of profits then you will definitely get affected by the price drop but if your goal is set on bigger things then you would know and understand that the sudden drop is actually a slight window opened for you as an investor to actually buy which of course the ration of bitcoin will be big and not same as that of when the price was high

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Quote from: Y3shot on August 23, 2023, 08:56:09 AM

Do not let the price of bitcoin right now make you give up on you investment plans, the drop in price is just a distraction to make you take a decision that can make you regret of the better days of the market coming.

This is not a distraction but a proof that the market is very volatile and this is not your place for a quick reach scheme so don’t just believe on any hype and continue to analyze the market. Its better if you will start looking for a good entry price before the price recovers because this dump will only be temporary and we know that bull market is about to happen so don’t waste your time for panicking, just stay focus and do what is necessary for you.

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Quote from: CarnagexD on August 24, 2023, 03:12:11 PM

Quote from: Y3shot on August 23, 2023, 08:56:09 AM

As a young bitcoiner that is having plans to invest in bitcoin or already investing. How do you feel about the current price of bitcoin?
* is it encouraging to you that this is an opportunity for you to buy more.
* does it makes you lose hope concerning your investment that it should have gone beyond bitcoin current price of $25,835.
Before now many speculators do say by this the price of bitcoin should be around $35,000 by now, and this is the kind of news investors wants to hear all the time but it is unfortunate that the price of bitcoin has drop to $25k which can be heart breaking to some investors expecially the new ones.

Do not let the price of bitcoin right now make you give up on you investment plans, the drop in price is just a distraction to make you take a decision that can make you regret of the better days of the market coming.

It depends of the type of trading or investing you are doing with your funds. If you are long term investor, then you don't need to worry that much because you have a very long time horizon. Every down or bleeding season is an opportunity to buy more. There's no thrill to you near term fluctuation of price. You just buy more and accumulate more assets that you thnk is essential in the future. When you are doing short term trading, then you have to be carefull, because timing is important, there's a great risk but also there's the opportunity for you to make money both going short position or going long position.

The pressure and that possible impulsiveness on the time that you do see this market crash cant really be that be seen when you are going for long term aspect and not something that you have aiming for short term.

I could really testify that if ever you are really that eagerly trying out to check prices on constant manner then it would really be a possible reason that you might really be able to changed up your mind and would be making those impulsive decisions which is something that not really worth on doing so. There are really just those people who cant really just able to make control of themselves in terms of emotions on which they cant really be able to stop and this is why they do really make out those impulsive decisions which it do lead to disaster.

If you've been here on this market for many years then these kind or type of movement is never been that something shocking for you but instead you are already getting used to it. Therefore, on the time that it do happens then rather you do freak out then you would be seeing this as an opportunity for you to enter or to make out some DCA or buying cheaper coins or simply you are seeing this to be the sweet spot on doing things .

CarnagexD

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Quote from: Y3shot on August 23, 2023, 08:56:09 AM

As a young bitcoiner that is having plans to invest in bitcoin or already investing. How do you feel about the current price of bitcoin?
* is it encouraging to you that this is an opportunity for you to buy more.
* does it makes you lose hope concerning your investment that it should have gone beyond bitcoin current price of $25,835.
Before now many speculators do say by this the price of bitcoin should be around $35,000 by now, and this is the kind of news investors wants to hear all the time but it is unfortunate that the price of bitcoin has drop to $25k which can be heart breaking to some investors expecially the new ones.

Do not let the price of bitcoin right now make you give up on you investment plans, the drop in price is just a distraction to make you take a decision that can make you regret of the better days of the market coming.

It depends of the type of trading or investing you are doing with your funds. If you are long term investor, then you don't need to worry that much because you have a very long time horizon. Every down or bleeding season is an opportunity to buy more. There's no thrill to you near term fluctuation of price. You just buy more and accumulate more assets that you thnk is essential in the future. When you are doing short term trading, then you have to be carefull, because timing is important, there's a great risk but also there's the opportunity for you to make money both going short position or going long position.

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Quote from: Y3shot on August 23, 2023, 08:56:09 AM

As a young bitcoiner that is having plans to invest in bitcoin or already investing. How do you feel about the current price of bitcoin?

Here is how I feel about this -
- The current price of bitcoin doesn't diminish its value.
- The current price of bitcoin doesn't diminish its potential.
- The current price of bitcoin hasn't prevented BlackRock and other big investment organizations from buying bitcoin from miners through OTC trading offers.
- The current price of bitcoin won't prevent the bitcoin halving from happening next year April 26, 2024 leading to a significant increase in price.

BITCOIN4X

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To be honest I have lost quite a bit of value from my investment portfolio during this major correction, but I can safely say that I haven't sold anything so far. Price volatility is something I've taken for normal for bitcoin, but of course accumulation I will always hope for. But so far I'm still sticking to the long term plan instead of expecting returns in the short term.

Bitcoin has great potential in the long term and I should use it to build a better financial condition for me. The average person does it even though some of them lament the price volatility, but it's a win-win situation for others.

ajiz138

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Quote from: ShowOff on August 23, 2023, 04:32:45 PM

1. Yes, this is a good opportunity to buy a lot. But there is no need for coercion so you do silly things.
2. No, my expectations about the future of bitcoin are still the same and that hasn't changed.

There's no giving up and I'm not going to make the same mistake I did in the past by selling faster. I am optimistic about the future of bitcoin as it is in fact getting closer to the halving. I have stood my ground to become a long term holder, but unfortunately the lack of additional fund meant I had to adjust my will in terms of accumulation.

When you have cold money it's better, don't use hot money or so-called money that is used for your needs then it's a silly act.
There is no loss of hope, everything still has a chance to recover and improve, just wait until 2024/25 and be patient.

I am not a long-term shareholder but the priority now is more on bitcoin which I think a few years will reach the peak (my expectation) when the price drops it will not waver, I will continue to HODL until I see the price at its highest.

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Both conditions can occurs but it depends on the thoughts of an individual so those individuals who already have some bitcoin will surely be worried about such fall in price because price become more lower than expected.

On other hand those who don't have any bitcoin may be see this fall as lucky moment to have some bitcoin at this price because everyone wants to take profit. I think that by visualizing such lower price there will be some individuals who will consider halving period as a wrong information because demand is not such high for bitcoin that was in previous months.

The price is greatly related with that of demands so when price reduces and reductions is because of news so may be it negatively impact the demand and I don't know what will be in future but as the price is still lower so holders will be in hope for the correction again.

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Quote from: Nwada001 on August 23, 2023, 04:21:58 PM

Everyone wishes to see the price of Bitcoin go up almost every time; many chart readers predicted the price to even be above $35k by now, adding to the fact that the halving is fast approaching, and it should be enough reason for whales and others to increase their holdings and for those who don't hold yet to add Bitcoin to their portfolio.

The unexpected price drop of Bitcoin is enough to chase those who don't know its true potential away from it and make them fear for their money, but as for true Bitcoinners, it will only be seen as one of those things that happens once in a while; it's expected to happen even if they don't know the exact time for it to happen, but Bitcoin prices usually go up and down.

The recent price drop, which took more than $4000 off the price, is indeed shocking, but if I have enough funds, I will rather consider it an opportunity to buy it and add to my holdings than think about any negative things that could result in panic selling.

Without even trying to realize that making money or profit is really via with that volatility in price. Its true that most people are really looking after about increase in price most of the time on which we know that this market is really that volatile in the first place and that what makes it profitable if you do really just know on how to play with the price movement. Its true that checking out from time to time about price drops could really give out that kind of reaction and emotions on which it might really be leading into that possible alteration of your trading decisions which it wont really be that good for you.

Always be wise on when to get in and when to get out specially when you are in profits. Market cant really be calm most of the time and there would really be moments where storms and waves do really surges.
This is why it is one of the most common risks and scenario that you would be facing in this market. Falling price is common and instead on seeing this as an disadvantage, it would really be rather wise
on taking this as an opportunity to have some nice or good entry.

ShowOff

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Quote from: Y3shot on August 23, 2023, 08:56:09 AM

As a young bitcoiner that is having plans to invest in bitcoin or already investing. How do you feel about the current price of bitcoin?
* is it encouraging to you that this is an opportunity for you to buy more.
* does it makes you lose hope concerning your investment that it should have gone beyond bitcoin current price of $25,835.

1. Yes, this is a good opportunity to buy a lot. But there is no need for coercion so you do silly things.
2. No, my expectations about the future of bitcoin are still the same and that hasn't changed.

There's no giving up and I'm not going to make the same mistake I did in the past by selling faster. I am optimistic about the future of bitcoin as it is in fact getting closer to the halving. I have stood my ground to become a long term holder, but unfortunately the lack of additional fund meant I had to adjust my will in terms of accumulation.

Nwada001

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Everyone wishes to see the price of Bitcoin go up almost every time; many chart readers predicted the price to even be above $35k by now, adding to the fact that the halving is fast approaching, and it should be enough reason for whales and others to increase their holdings and for those who don't hold yet to add Bitcoin to their portfolio.

The unexpected price drop of Bitcoin is enough to chase those who don't know its true potential away from it and make them fear for their money, but as for true Bitcoinners, it will only be seen as one of those things that happens once in a while; it's expected to happen even if they don't know the exact time for it to happen, but Bitcoin prices usually go up and down.

The recent price drop, which took more than $4000 off the price, is indeed shocking, but if I have enough funds, I will rather consider it an opportunity to buy it and add to my holdings than think about any negative things that could result in panic selling.

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Quote from: Y3shot on August 23, 2023, 08:56:09 AM

As a young bitcoiner that is having plans to invest in bitcoin or already investing. How do you feel about the current price of bitcoin?
* is it encouraging to you that this is an opportunity for you to buy more.
* does it makes you lose hope concerning your investment that it should have gone beyond bitcoin current price of $25,835.
Before now many speculators do say by this the price of bitcoin should be around $35,000 by now, and this is the kind of news investors wants to hear all the time but it is unfortunate that the price of bitcoin has drop to $25k which can be heart breaking to some investors expecially the new ones.

Do not let the price of bitcoin right now make you give up on you investment plans, the drop in price is just a distraction to make you take a decision that can make you regret of the better days of the market coming.

It is out of the question for an investor who invests in Bitcoin to despair. If you are buying Bitcoin, you know that the price will rise and fall at certain times. Being able to wait for the price to rise is more important than anything else. The Bitcoin investor has also learned to wait over time. I cannot say anything to those who invest in Bitcoin in the short term, but those who invest in the long term understand what I am saying. The investor who knows how to wait always wins.

One of the most beautiful features of Bitcoin is the possibility of its price to rise in a short time. So when the price goes up, it's good to see your investment gain value quickly. Especially if you have made the investment and managed to wait in the long term, Bitcoin will not mislead you.

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Quote from: Y3shot on August 23, 2023, 08:56:09 AM

As a young bitcoiner that is having plans to invest in bitcoin or already investing. How do you feel about the current price of bitcoin?
* is it encouraging to you that this is an opportunity for you to buy more.
* does it makes you lose hope concerning your investment that it should have gone beyond bitcoin current price of $25,835.

For those that have invested earlier and has a lot of savings in bitcoin will not really feel happy the way the market downturn has been over the weeks. But at the same time, it’s an opportunity for those that have not invested to buy at a lower price than some that have bought earlier at an higher price compared to this. As it is advantageous to some, it is also disadvantageous to some which no one has control over.

Quote

Do not let the price of bitcoin right now make you give up on you investment plans, the drop in price is just a distraction to make you take a decision that can make you regret of the better days of the market coming.

There’s no a bad time to enter into the market, if you employ the DCA method since you started your investment, it’ll be very easy to take advantage of this opportunities that comes around with the volatile nature of the market. People will always speculate about the market but don’t be dependent by their speculations and stop you from investing when you’re supposed to have done that at an early time.

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Quote from: Y3shot on August 23, 2023, 08:56:09 AM

As a young bitcoiner that is having plans to invest in bitcoin or already investing. How do you feel about the current price of bitcoin?
* is it encouraging to you that this is an opportunity for you to buy more.
* does it makes you lose hope concerning your investment that it should have gone beyond bitcoin current price of $25,835.
Before now many speculators do say by this the price of bitcoin should be around $35,000 by now, and this is the kind of news investors wants to hear all the time but it is unfortunate that the price of bitcoin has drop to $25k which can be heart breaking to some investors expecially the new ones.

Do not let the price of bitcoin right now make you give up on you investment plans, the drop in price is just a distraction to make you take a decision that can make you regret of the better days of the market coming.

You wont really be having that kind of disappointment if you are really just that having that realistic approach towards market price and not something that being too positive with your investment.There are people

who are really that too optimistic towards price and they do believe that on the time that they do make out some position then they would really be tending to believe that the price movement would already be going up without even reconsidering about those sudden declines after purchase or entry due to market common movements and situations.This would really be resulting into that disappointment and other impulsive emotional approach towards it. Common newbie investors or traders are the main ones who do affected with these drops and to those who are experienced then they do already get used to it.

The key on here is that never ever make yourself that checks out the price every now and then because no matter how experienced you are, you are really that putting yourself on the chance on being that impulsive
since we are just humans which emotions could really take control of you anytime.

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Quote from: Y3shot on August 23, 2023, 08:56:09 AM

As a young bitcoiner that is having plans to invest in bitcoin or already investing. How do you feel about the current price of bitcoin?
* is it encouraging to you that this is an opportunity for you to buy more.
* does it makes you lose hope concerning your investment that it should have gone beyond bitcoin current price of $25,835.
Before now many speculators do say by this the price of bitcoin should be around $35,000 by now, and this is the kind of news investors wants to hear all the time but it is unfortunate that the price of bitcoin has drop to $25k which can be heart breaking to some investors expecially the new ones.

Do not let the price of bitcoin right now make you give up on you investment plans, the drop in price is just a distraction to make you take a decision that can make you regret of the better days of the market coming.

At the end speculations are just that, what matters is the reality that we have to face, so even if there were some speculators that were expecting for the price of bitcoin to be higher at this point, it does not matter, what matters is that there was a dip and this is an opportunity to buy bitcoin, after all the price had remained stagnant for some time, and while this is considered to be a bad scenario for those expecting a raise on the price, this is great for those that were waiting for dip to buy even more bitcoin.

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Quote from: Y3shot on August 23, 2023, 08:56:09 AM

How do you feel about the current price of bitcoin?

Have you seen and experienced how bitcoin will be at $15K in November of 2022? Wasn't it lower then than now?

Quote from: Y3shot on August 23, 2023, 08:56:09 AM

* is it encouraging to you that this is an opportunity for you to buy more.

Yes - I did.

Quote from: Y3shot on August 23, 2023, 08:56:09 AM

* does it makes you lose hope concerning your investment that it should have gone beyond bitcoin current price of $25,835.

Don't lose hope because the target is not this year, the halving hasn't happened yet so don't panic too much, just stay optimistic. Wink

Quote from: Y3shot on August 23, 2023, 08:56:09 AM

Before now many speculators do say by this the price of bitcoin should be around $35,000 by now, and this is the kind of news investors wants to hear all the time but it is unfortunate that the price of bitcoin has drop to $25k which can be heart breaking to some investors expecially the new ones.

Some speculators may guess wildly because predictions cannot be guessed with certainty, for those who are not strong, they will definitely break up halfway for fear of the price being destroyed again and they think they will suffer losses, maybe they think so.

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Quote from: Dave1 on August 23, 2023, 12:21:25 PM

^^ I wouldn't say that the price is discouraging though, we have been in this kind of price movement, and compare to the lowest low for this bear market, the current price is still good in my opinion.

I was quite surprised that we are not looking to be in the green side in the last 8 hour time frame, so it's encouraging to me and at $26,550. I wouldn't be surprised if we went and goes to $27k at least before the end of this month.

Well not everyday is Sunday and Bitcoin cant continue its upward trend forever. If you remember price of Bitcoin few months back, it was around 16k$ and from there it jumped to 30K$. The price was very much stable on 30k$ and we have to admit that Bitcoin wasn't able to break resistance of 30k$. Now there is small DIP of 4k$ and we have speculations that price of Bitcoin is not encouraging. Just HODL and dont panic, Bitcoin is going no where.

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Quote from: Y3shot on August 23, 2023, 08:56:09 AM

* is it encouraging to you that this is an opportunity for you to buy more.

* does it makes you lose hope concerning your investment that it should have gone beyond bitcoin current price of $25,835.

This fall of bitcoin price shouldn’t be a thing of concern because we have seen from past markets events that there is always a fall like this whenever the bitcoin halving is approaching. So it shouldn’t be a thing a of worry but rather a moment of accumulation. But we can’t take away the fear of losing away from newbies during every drop price, because most are early into this and may have invested money that they are not capable of investing into it. The market experts are those that will appreciate the moment because of the prior experience as this will give them another opportunity to accumulate. As for me I will stick to DCA and not panic since a 1 bitcoin remains 1 bitcoin no matter the conditions

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