Topic: the decline in price of bitcoin (Read 371 times)

 Normally if you trace back to other previous halvings you go confirm say as the OP talk am, na so eh dey always be, and person wey done get experience come understand Bitcoin well go know say when the price come down, na better opportunity to buy more then hodl since eh know say Bitcoin dey volatile and the price go still rise again. Well I no blame Newbies wey dey rush sell at any slight drop, most of them na ignorance but some na lack of patience or maybe them invest with the mindset of making urgent profit. But like the OP done talk, which na true, if you carry for mind to invest for long-term, then you no get any reason to dey panic at every slight drop for the price of Bitcoin since you suppose done get orientation say the nature of Bitcoin dey Volatile. However I no go advise anybody to withdraw or swap their Bitcoin to invest for Altcoin cause many na pump and drop (shit coins) but eh no mean say them no get any Alts wey get potential, no be all Alts be shit coins some still get better potential and dey good for investment, but DYOR before you invest for any.

True talk, na e make e good make person get the idea or knowledge of Bitcoin before we go involved ourselves in it , that is to either invest or trade, so that when we encounter things like market fluctuating at times, we no go see am as new thing again and fear no go dey our body again.

Just like you said, say make they no sell their coins because say Bitcoin don come down and na true you talk so, if only they go get this idea, no investors especially the newbies go dey complain or regret why they dey go rush go sell their coins, so e really dey very important to know wetin we dey do before we go do am.

Well you won't blame them when the right orientation is not there then the era of the day would just be errors and blatant mistakes. One of the reasons why some one could even think of selling their Bitcoin and using that money to stock pile altcoin is just something that you don't get to hear everyday infact the whole reason why this happens is because of the unnecessary hype that they hear about of crypto influencers online or something related and they feel with Bitcoin the profits is slow but with altcoins faster which is just a big trap for me.

Selling a valuable coin as bitcoin to invest in a shit coin at this time we're all expecting some goodies from bitcoin is a very wrong decision and a sign of poor orientation on the nature of bitcoin.

I think if people who go into bitcoin investment has some proper pre information on the trends associated with bitcoin, we wouldn't have such wrong decision at this crucial time when we're expecting the treasure carrying bull run.

The trend should be selling your shit coins to invest massively in bitcoin and not the other way round. I'm referring to investors and not traders who gamble with bitcoin to get immediate gains on the pump of newly listed shit coins. Their orientation is different and short termed, but investors should always call to mind that the longer they keep their investments, the more it gets profitable. Just ignore the pressure and HODL!.

You are absolutely right most of the things i have learnt here is out of curiosity I mean the eager to know that particular thing cause I know it will help me a lot and some day I will start using it even in my thread perhaps I have been thinking it is just a cryptocurrency language that it may not mean same thing if Googled it, so It was later I started searching it in terms of Cryptocurrency cause those abbreviations could mean different thing in different field or discipline. Moreover, I am just pleading for people that may see it as stress to be replying thread and same time going to Google to search for meaning of something, I know that is best way to train someone but most people are using Android it will be very difficult and sometimes when you minimize before you will go back the whole thing will be reloading and that can be very annoying and I believe you know what am taking about.

True talk. Long term Investors no get business with trouble wey dey market. Price fluctuation na watin suppose they disturb those wey dey trade often, but not in the case of long term Investors. Just as you've said, they can only monitor just for the sake of finding better opportunity to buy when there is a dip.


Selling your Bitcoin to buy altcoin sounds more like selling your own house to go leave in a rent. The sad truth is that such things happens as some people think it's beneficial to them. Though our main aim is to make profits only, but it still surprises me to see how some people don't acknowledge the profits in a long term investment in Bitcoin. Take a look at how Bitcoin has grown over the years. I remember sometime last year around late Q1/early Q2 when the price of Bitcoin fell down to as low as $25K. It was a crazy opportunity for so many investors, which I even doubt if such opportunity could repeat itself. In all sense, long term investment will always yield good returns, but that doesn't make short term bad either.

You're absolutely right I think this is the best time to invest in bitcoin now that bitcoin is experiencing dip in the price, i think this is huge opportunity for us to start accumulating bitcoin in our portfolio so that before it will think of surging high by then we must have accumulated a lot of bitcoin in our portfolio. However this is our right time to start investing in bitcoin we don't have to procrastinate, most of those earlier investors loss a huge opportunity as a result of procrastination, I think those experience that those earlier investors has is supposed to serve as a big note of warning to us not to believe in procrastination.

A portion of disposable income must be used to exploit every drop in Bitcoin and increase purchasing volume. Such as setting aside a portion of income every month or every week to accumulate bitcoins. Every drop in Bitcoin brings an opportunity for investors to influence its future growth and you can make higher profits.


You are right that Bitcoin is going to be an ideal investment that reduces investment risk and motivates you to manage for the long term. There are many examples of shitcoins losing investment margins with high risk and mostly hype. You can opt for long-term Bitcoin holdings to diversify your portfolio, which can yield massive returns over time.

You are on  spot about the typical price correction after Bitcoin halving. It's natural for the price to dip, but those who understand the market know that it's just a temporary phase before another rise. The media can sometimes make it sound scarier than it is, especially for newcomers freak out during Bitcoin dips. But no need to panic, the market usually goes through  these dips before the big surge. Many actually happy about the dips as it's  an opportunity to buy before the next big rise.Quantity matters too the more Bitcoin stash can mean more profits during the bull run. If you are in it for the long term these fluctuations should not worry you. Every success story has its ups and downs Holding onto your Bitcoin and maybe even buying more during a dip could lead to better profits when the price surges again. It's all about playing the long game and staying confident in your investment strategy. Taking Bitcoin seriously and  being strategic and not missing out on the opportunities Bitcoin offers could yield benefits despite the price down turns.

Basically, anyone that is well acquainted with bitcoin knowledge will always maximize the Bitcoin dips as long as they know that bitcoin is never going to vanish for any reason the best thing to do is to make use of every opportunity that bitcoin brains during his price fall or correction as we may call it.

Most of the people who engage in selling Bitcoin for buying altcoins are usually people with low knowledge of the capability of Bitcoin or those impatient people who see altcoins as the way to turn into millionaires overnight. As long as Bitcoin is concerned it is more of a long term project or investment, so since it has to do with long term one most always have in mind that if eventually the price goes down, at the end of every price fall their is always going to be another price pump so this price pump will turn your little capital which was invested in Bitcoin into a huge profit but not in a short period of time. To expect a good profit one most wait for at least a 4 years cycle to be accomplished.

Sometime ago I came across some topic that said Bitcoin volatility is not a cause but a blessing to those who understands Bitcoin. This statements means that the price fall of Bitcoin is not for losses rather and opportunity to buy bitcoin on discount which is the over all theme of this thread. Finally I wouldn't advise anyone here because I believe a lot of us already have sufficient knowledge of what the dips mean in Bitcoin so I will say we all have the right to do whatever we choose but selling bitcoin for altcoins is not an option.

If I wan encourage anybody to invest in bitcoin, na for long term I Dey always tell them make dem invest for, so that all this small small price movement no go really disturb them, na people wey Dey invest for short term or people wey Dey trade, na them Dey fear if small dump happen for market. If you Dey invest for long term, and you see correction happen for market, you suppose use d opportunity buy more coin make you hold, no be say if you see dip na that time you go come Dey fear, some so sell thinking if e dump Dey go buy at the bottom, immediately they sell at loss, bitcoin go change direction, and Dey don already sell.

I no Dey ever tell person make him sell bitcoin use money buy alt coin, we all know the kin risk wey Dey altcoin, how you go leave investment wey go give you peace of mind go put money for d one wey your heart go Dey shake anyhow.

This your idea na investor vibes idea, lolz, normally the idea behind Bitcoin na to buy am when the price dey down or we fit say na when e dey cheap den we go sell am when the price don go up because na dat time we fit make money from am but Many people no dey really get to understand am like dat because them they want am sharp sharp and na wetin dey wori plenty pipo be dat as dem no go fit dey enjoy d full gain wey supposed come out when the price don go up finish, Bitcoin no be something wey be say we go dey just dey look careless or just put money com expect say by d next morning we don hammer, na patients a s study go make you understand wetin u dey do wey fit com give you money later.

But Bitcoin now don dey go up for price Sha and no be really bad idea to buy now because if you buy now you go still fit see small thing inside collect small time , na just say people wey been buy Earl go make money pass you wey buy now because bull run no far again na small time remain make e start and e fit break dat $70k wey be d ATH.

The decline in price of Bitcoin no suppose freak anybody except na newbies wey no know how the market dey.All those informations wey we dey see online say Bitcoin price go just skyrocket immediately after the halving event na big-time misleading informations because those people wey believe the misleading information no know the price decline say na price correction and after the correction the price go just skyrocket to the moon.Bitcoin investment no be thing of rush although every investors get the profit wey dem dey target(investing goals)but e gat dey the back of our mind most especially the newbies say the price go pump after every halving but not immediately.As a matter of fact Bitcoin price decline na still opportunity for investors to accumulate more with whatever strategy but the preferred strategy is DCA strategy.

Guy, you no supposed to reason am like that, irrespective of the fact say this forum Na for learning, you no go expect make dem spoon feed you like that. Many of the things wey most of us learn Na out f curiosity, and as we hear for forum, we dey go Google to go get more information, so you no go fit expect person to dey write the meaning of every abbreviation wey e wan all the time, just because of say some learners still plenty for ground. Use you google and search to know more rather than waiting for someone to spoon feed you like a baby.

Thank you very much boss for making me know the meaning of ATH, most people feel that once they have learn there's no need for other people to learn. If someone wants to write abbreviation or acronym at least after or before the abbreviation they should always write the full meaning too so that others can learn.
You have also make me to understand something concerning this halving, I always use to see post that after halving that the next thing is skyrocket and I use to have it at the back of my mind. With what you have said so far,  after halving I think skyrocketing depends.

Op na true you dey talk because even me self I dey always see am well well for social media were Dem dey always talk about shitcoins and other coins wey no go fit give person any better thing in future say make people invest. All less na person wey no know the value of Bitcoin na him go dey follow all those social media, because as a good investor anytime wey you see say Bitcoin price don go down you suppose no say na opportunity for you to take accumulate more and hold for a long term, because as long as cryptocurrencies is consign Bitcoin is the best investment wey person no supposed to joke with.

The market is broad enough to accommodate every transactions but we should also make sure we're grabbing significant profits in the market. The crypto market comes with a whole ugly scenario on the ends of investors and traders, we totally understands how it works but we ought to drive ourselves to become independent and straightforward for our goals mapped in the market. I was thinking the recorded sum of $300 million was not accurate because the losses made are more than that. The top whales make such huge losses from the market, they just have to restrategized and enable themselves become experienced in the market.

Regrets on missing out good entries in the system is present. We have different alternatives when it comes to the system, let's understand our goals and become pleased to meet them at ease. Altcoins are the best because there's more to add to our portfolio and understanding the basis. Bitcoin have messed most of us up but it doesn't mean we shouldn't keep trying to earned. Investors regrets their actions and I'm talking about the greedy ones.

I have not experienced bitcoin halving before and this previous one was the first one wey I don experienced so I can't say after the halving the price go go down and rise again. People been dey predict say bitcoin price go come down in the halving and when di halving comes nothing happens and now everyone dey expect di All Time High again. And now dat the transaction fee e dey low make we dey prepare ourselves for it.

In addition for those wey but or invest for the days back now dey make profit again for their investment because the price now dey rise well for them to make small profit from am.

Person wey kno about crypto currency (Bitcoin) supposed to know say even this one sef nah part of Bitcoin circle, so e no supposed to be new thing to anybody wey get Bitcoin knowledge. Nah only newbie wey just enter the crypto space within 3 miners or lesser nai fit no understand this crypto to shits. Normally this no be the time to dey mormor because we supposed to buy enough bitcoin now.