There is Hope at the End of the Tunnel. Don't Give Up.

og kush420

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Quote from: Silberman on November 28, 2022, 03:20:14 PM

Most likely those which are selling their coins now are either those which bought bitcoin near the last ATH or people that did not really knew what they were getting into when they invested in this market, as they thought they will just make some easy money without too much of trouble, however if it was not because of them then it would be impossible for anyone to make money, so while I still give the right advice to newbies about what to do in the current circumstances, at the end they are the ones which have to decide whether to listen to our advice or not.

Frankly speaking for last two years there have been disappointment only there is no hope at the end of my tunnel I went to both the ends.
Now I think I should dig a new tunnel because I don't feel like going through the same experience again.

Silberman

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Quote from: TravelMug on November 24, 2022, 03:51:03 PM

Quote from: Silberman on November 24, 2022, 03:08:03 PM

Quote from: Adbitco on November 24, 2022, 08:55:24 AM

The major place that brought invest down was when bitcoin got to $68K ATH and there were lot of news flying all over it could hit another new ATH of $100k, so many investors used their life savings invested and bitcoin changes it directions to downtrend before another market turbulence caused by Luna sentiment and then finally FTX crash is another weaker point that redicule's the future of most investors.
One thing about market is to be sensitive enough to have all necessary information needed otherwise you could face a hit that will keep burning your soul for single mistake. This FTX effect was mostly on those who kept their money on exchange.

Just as it is important to not let ourselves be influenced by FUD we need to do the same for FOMO as it can be just as damaging, I say this because it is true there were a lot of people that invested all their money in bitcoin when its price was near its ATH and this was simply a bad move, and even if bitcoin had kept raising and reached six figures it would still have been a bad move, as the moment to buy an asset is when it is cheap, as it is right now, and not when it is expensive.

Yes, and this is also similar to 2017, when we reach all new high, people are saying that we will reach $50k so we FOMO but then the bear market takes over. And with the FTX news, everyone is very sensitive and at the edge, which means anytime we might see another sell off. Although I'm not against those people selling, it's there right, but if you have been in the market and had the right experience, we wouldn't sell if there is FUD or negative news, on the contrary, we are going to take advantage of that situation and then fatten our bitcoin wallet and HODL and wait till the right time to sell.

Most likely those which are selling their coins now are either those which bought bitcoin near the last ATH or people that did not really knew what they were getting into when they invested in this market, as they thought they will just make some easy money without too much of trouble, however if it was not because of them then it would be impossible for anyone to make money, so while I still give the right advice to newbies about what to do in the current circumstances, at the end they are the ones which have to decide whether to listen to our advice or not.

Furious 7

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Quote from: Genemind on November 27, 2022, 10:46:29 AM

Quote

Are you sure crypto is the best place to invest?

No, no investment will promise you never-ending wealth. We all know the risk of cryptocurrency and even the biggest business in crypto can go down to zero in a wink, nothing is secured. Even big exchanges are not secured for being bankrupt. Mismanagement of funds led to the downfall of FTX and this could happen to any business, not just cryptocurrency. That is why never invest all your money, including your life savings in cryptocurrency. Due to its high risk and volatility it can bring you profit, however, it can also lead to a miserable loss.

Actually, in this case it depends on which angle you look at it because indeed, as @Genemind said, Crypto clearly has a very big risk in this case, so if you are in doubt, then you should not be here because the risks to be taken are clearly not easy.
But indeed the risk determines the profit because the big risk is proportional to the pleasure in the end in my opinion.
Even though in this case I am only referring to bitcoin which is where I have felt the impact but on the other hand we also cannot make it seem as if this is a safe and comfortable thing.

darewaller

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Quote from: dezoel on November 22, 2022, 04:19:31 AM

Quote from: Lubang Bawah on November 21, 2022, 01:02:50 AM

Cryptocurrencies is a type of investment that is very risky, when someone gets a big profit, it is better to use for other types of investment such as property, gold or others, sometimes human nature and always never satisfied making a sad end, this is an important lesson for us that if if if One time we get a big profit then immediately switch to another type of investment, not too long hold.

The high risk that we have in crypto is also the reason why it could be so profitable. We are down about 75% or so in bitcoin if I am not wrong, that means if we go back to ATH that would be a great profit for anyone who invested and that’s just the ATH, as we all know bitcoin keeps breaking over its ATH all the time, and it will happen again.

So, nobody can say it won't be 10x from here, we don't know when but I guarantee that it will be 10x "one day", and that’s why investing into bitcoin could be risky for the short term, but it is also such a profitable business in the long run. That is why I would like to just focus on buying more, and ignore the risks.

It doesn't have to be high risk, that’s the point. The hope at the end of the tunnel is the fact that if you buy bitcoins and hold it, you could make a good profit out of it and not many people realize this. If people cannot say it can't be 10x from here, that doesn't mean that it's risky, it means it's riskless, then you should invest into it.

It’s true that we are talking about something that is crashing time to time and that’s why people are worried, but that doesn't mean we should be constantly worried about what to do, we should be happy that in the long run those crashes do not matter and that is why it doesn't have that much risk, aside from maybe if we need emergency money and it's low.

Genemind

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Quote

Are you sure crypto is the best place to invest?

No, no investment will promise you never-ending wealth. We all know the risk of cryptocurrency and even the biggest business in crypto can go down to zero in a wink, nothing is secured. Even big exchanges are not secured for being bankrupt. Mismanagement of funds led to the downfall of FTX and this could happen to any business, not just cryptocurrency. That is why never invest all your money, including your life savings in cryptocurrency. Due to its high risk and volatility it can bring you profit, however, it can also lead to a miserable loss.

og kush420

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Quote from: fullhdpixel on November 25, 2022, 04:59:31 PM

Quote from: RockBell on November 25, 2022, 01:51:28 AM

The bankruptcy affected the entire future exchange, and if the Nigerian crypto big boy is willing to give 500,000 dollars not a bad idea, he will not just give some out without getting something in return. Despite everything that has happened, if anyone can hold until this point I don't believe that the individual to panic of selling. The reason I appreciate bitcoin is that despite all of the FTX issues, it still exists, which is a positive sign when examining businesses in general as they each have their own risks and challenges.

I do believe that holding up until this point was the hardest part, if you held so far, then it will be easier to hold from now on. I have been holding and even accumulating a bit during this past 1 year, and even though I bought a lot from 20k range and it's lower right now, I still feel fine about it because it’s not too far off and it will get closer and closer.

Just realize that hardest part is over, do not stress yourself, and today is the lowest day of your portfolio hopefully and it will get better. If you keep promising yourself that, and keep repeating that, you will eventually be right and then it will always go higher and higher to make you more profit.

there are good and bad people everywhere - what good people do try to keep themselves away from bad people but what bad people are thinking - they want to stick to good people so that they can get benefit out of it. All we need is being a little vigilant because vigilance never hurt.

fullhdpixel

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Quote from: RockBell on November 25, 2022, 01:51:28 AM

The bankruptcy affected the entire future exchange, and if the Nigerian crypto big boy is willing to give 500,000 dollars not a bad idea, he will not just give some out without getting something in return. Despite everything that has happened, if anyone can hold until this point I don't believe that the individual to panic of selling. The reason I appreciate bitcoin is that despite all of the FTX issues, it still exists, which is a positive sign when examining businesses in general as they each have their own risks and challenges.

I do believe that holding up until this point was the hardest part, if you held so far, then it will be easier to hold from now on. I have been holding and even accumulating a bit during this past 1 year, and even though I bought a lot from 20k range and it's lower right now, I still feel fine about it because it’s not too far off and it will get closer and closer.

Just realize that hardest part is over, do not stress yourself, and today is the lowest day of your portfolio hopefully and it will get better. If you keep promising yourself that, and keep repeating that, you will eventually be right and then it will always go higher and higher to make you more profit.

Vaculin

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Winding down.

Quote from: so98nn on November 18, 2022, 02:21:54 PM

You think everyday is yours? Well that wasn’t Sams day and he lost it all. I am pretty sure he is poor by number but not by his bank account. He was billionaire with sound brain so he must have invested and saved up lot of money along the way. The fact is, we can not be rich in the crypto all the time and not all of us can be rich at the same time if you ask me. If someone is buying then someone is selling and it depends whether they are selling or buying in loss/profit. For Sam it was tragic, we are already in the bear, we already lost big chunk of money from the market and then FTX happened. What could have he done? Just wait and watch.

Definitely it’s a tragic event for Sam, but knowing he has a brilliant mind and knows that cryptocurrency will never be for everyone, then for sure Sam has also did a lot of successful investments outside cryptocurrency. So he might be very down and frustrated these days, but it never means that his assets and bank account have gone down into zero value.

RockBell

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Underestimate- nothing

The bankruptcy affected the entire future exchange, and if the Nigerian crypto big boy is willing to give 500,000 dollars not a bad idea, he will not just give some out without getting something in return. Despite everything that has happened, if anyone can hold until this point I don't believe that the individual to panic of selling. The reason I appreciate bitcoin is that despite all of the FTX issues, it still exists, which is a positive sign when examining businesses in general as they each have their own risks and challenges.

michellee

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Quote from: Sterbens on November 24, 2022, 08:15:22 AM

Quote from: michellee on November 24, 2022, 12:45:42 AM

Quote from: Sterbens on November 21, 2022, 10:16:22 AM

Each investment has its own strategy, many factors influence price movements. And that's where we can actually learn and make our risks smaller in that investment. There is no profitable investment if we do not have the knowledge, everything is based on good knowledge to bring us profit.
Bitcoin is a very promising type of investment if we are able to understand all the elements that are in bitcoin. Again all based on knowledge.

We need knowledge of the investment to be able to benefit. We have to learn more from other people so that our abilities can increase and we can have investments that will be profitable in the future. And bitcoin has allowed us to invest in making a profit, but we also have to learn how to invest in bitcoin, which is good and right.

Not only that, practice will be invaluable for a trader. Experience is a lesson that is not in any book, because we have to experience it for ourselves. With experience we can get closer to the market situation, shape our mentality, and much more. For some people, practice and hands-on experience are easier to understand than theory which will be a bit confusing. Of course we will gain experience when we have jumped right in and practiced it. Requires a long process for us to fully understand.

Yes, it's true because the practice carried out continuously will give us different experiences so that we can get different solutions depending on the cases we face. Gaining experience from the practice will also enable us to analyze better than before. As long as we continue learning and practicing it, our experience will increase and improve our analytical skills in trading. So we must not give up before we reach our goal.

TravelMug

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Quote from: Silberman on November 24, 2022, 03:08:03 PM

Quote from: Adbitco on November 24, 2022, 08:55:24 AM

The major place that brought invest down was when bitcoin got to $68K ATH and there were lot of news flying all over it could hit another new ATH of $100k, so many investors used their life savings invested and bitcoin changes it directions to downtrend before another market turbulence caused by Luna sentiment and then finally FTX crash is another weaker point that redicule's the future of most investors.
One thing about market is to be sensitive enough to have all necessary information needed otherwise you could face a hit that will keep burning your soul for single mistake. This FTX effect was mostly on those who kept their money on exchange.

Just as it is important to not let ourselves be influenced by FUD we need to do the same for FOMO as it can be just as damaging, I say this because it is true there were a lot of people that invested all their money in bitcoin when its price was near its ATH and this was simply a bad move, and even if bitcoin had kept raising and reached six figures it would still have been a bad move, as the moment to buy an asset is when it is cheap, as it is right now, and not when it is expensive.

Yes, and this is also similar to 2017, when we reach all new high, people are saying that we will reach $50k so we FOMO but then the bear market takes over. And with the FTX news, everyone is very sensitive and at the edge, which means anytime we might see another sell off. Although I'm not against those people selling, it's there right, but if you have been in the market and had the right experience, we wouldn't sell if there is FUD or negative news, on the contrary, we are going to take advantage of that situation and then fatten our bitcoin wallet and HODL and wait till the right time to sell.

stomachgrowls

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Quote from: Silberman on November 24, 2022, 03:08:03 PM

Quote from: Adbitco on November 24, 2022, 08:55:24 AM

The major place that brought invest down was when bitcoin got to $68K ATH and there were lot of news flying all over it could hit another new ATH of $100k, so many investors used their life savings invested and bitcoin changes it directions to downtrend before another market turbulence caused by Luna sentiment and then finally FTX crash is another weaker point that redicule's the future of most investors.
One thing about market is to be sensitive enough to have all necessary information needed otherwise you could face a hit that will keep burning your soul for single mistake. This FTX effect was mostly on those who kept their money on exchange.

Just as it is important to not let ourselves be influenced by FUD we need to do the same for FOMO as it can be just as damaging, I say this because it is true there were a lot of people that invested all their money in bitcoin when its price was near its ATH and this was simply a bad move, and even if bitcoin had kept raising and reached six figures it would still have been a bad move, as the moment to buy an asset is when it is cheap, as it is right now, and not when it is expensive.

You would really be making yourself that disciplined or emotionally controlled once you do have experienced enough into this market.There's no way that you could really be easily get affected on things that

you might encounter along the way.Its true that this market cant really be just having this kind of condition where it would be bear like forever, there's always a light in the end of the tunnel.
It is really just turning out that people are really just too impatient specially if they are dealing with crypto investment or do make out trades.

There's no way that you cant avoid nor not to make out some reaction but the most ideal thing to be done is to assess the situation and act according
or basing on your experience.

Silberman

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Quote from: Adbitco on November 24, 2022, 08:55:24 AM

The major place that brought invest down was when bitcoin got to $68K ATH and there were lot of news flying all over it could hit another new ATH of $100k, so many investors used their life savings invested and bitcoin changes it directions to downtrend before another market turbulence caused by Luna sentiment and then finally FTX crash is another weaker point that redicule's the future of most investors.
One thing about market is to be sensitive enough to have all necessary information needed otherwise you could face a hit that will keep burning your soul for single mistake. This FTX effect was mostly on those who kept their money on exchange.

Just as it is important to not let ourselves be influenced by FUD we need to do the same for FOMO as it can be just as damaging, I say this because it is true there were a lot of people that invested all their money in bitcoin when its price was near its ATH and this was simply a bad move, and even if bitcoin had kept raising and reached six figures it would still have been a bad move, as the moment to buy an asset is when it is cheap, as it is right now, and not when it is expensive.

albon

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Quote from: Agbe on November 12, 2022, 06:38:03 AM

Is Bitcoin a good platform to invest?

Sam Bankman Fried was the Bitcoin Lord in FTX (Futures Exchange) and he was the Chief Executive Officer (CEO) of the company (FTX), and he having about $26 billions which was equivalent to (#11.4 trillions) and in the 8th of 9th of November 2022 Bitcoin became bankrupt to the rate of $15k and on the of 11th of November, 2022 Sam Bankman-Fried become zero in the crypto space. And he left the position as the coe because of the Bitcoin bankruptcy.
Someone that once Richer than the richest man in Africa and become a poor man within a week. Are you sure crypto is the best place to invest?

Upon all that, Nigerians still have the hope despite the drastic bear market. Most Nigerians are on tears because of the recent crash that came suddenly yet they still have the hope that Bitcoin will still rise again.

Every investment has its advantages and disadvantages, and investing in cryptocurrencies involves strict risks and huge gains. A person can be rich and overnight his capital evaporates, as we saw billionaire Sam Bankman. Therefore, it is wrong to put all our investments in one currency, and among the safest currencies that the crypto community trusts are Bitcoin, but Bitcoin also has risks, but it is not like other altcoins that may collapse and turn investors’ money into zeros. Everyone and people in general, not just Nigerians, have hope for the return of Bitcoin and the return of the bull market, so we have to initiate the buy, HODL, and prevent any FUD.

Adbitco

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The major place that brought invest down was when bitcoin got to $68K ATH and there were lot of news flying all over it could hit another new ATH of $100k, so many investors used their life savings invested and bitcoin changes it directions to downtrend before another market turbulence caused by Luna sentiment and then finally FTX crash is another weaker point that redicule's the future of most investors.
One thing about market is to be sensitive enough to have all necessary information needed otherwise you could face a hit that will keep burning your soul for single mistake. This FTX effect was mostly on those who kept their money on exchange.

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Quote from: michellee on November 24, 2022, 12:45:42 AM

Quote from: Sterbens on November 21, 2022, 10:16:22 AM

Each investment has its own strategy, many factors influence price movements. And that's where we can actually learn and make our risks smaller in that investment. There is no profitable investment if we do not have the knowledge, everything is based on good knowledge to bring us profit.
Bitcoin is a very promising type of investment if we are able to understand all the elements that are in bitcoin. Again all based on knowledge.

We need knowledge of the investment to be able to benefit. We have to learn more from other people so that our abilities can increase and we can have investments that will be profitable in the future. And bitcoin has allowed us to invest in making a profit, but we also have to learn how to invest in bitcoin, which is good and right.

Not only that, practice will be invaluable for a trader. Experience is a lesson that is not in any book, because we have to experience it for ourselves. With experience we can get closer to the market situation, shape our mentality, and much more. For some people, practice and hands-on experience are easier to understand than theory which will be a bit confusing. Of course we will gain experience when we have jumped right in and practiced it. Requires a long process for us to fully understand.

michellee

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Quote from: Sterbens on November 21, 2022, 10:16:22 AM

Each investment has its own strategy, many factors influence price movements. And that's where we can actually learn and make our risks smaller in that investment. There is no profitable investment if we do not have the knowledge, everything is based on good knowledge to bring us profit.
Bitcoin is a very promising type of investment if we are able to understand all the elements that are in bitcoin. Again all based on knowledge.

We need knowledge of the investment to be able to benefit. We have to learn more from other people so that our abilities can increase and we can have investments that will be profitable in the future. And bitcoin has allowed us to invest in making a profit, but we also have to learn how to invest in bitcoin, which is good and right.

Quote from: Silberman on November 21, 2022, 02:41:34 PM

And this is something that every investor must do but they refuse to do so, when they invest they only think about the best possible scenario but they never think about the things that could go wrong and force them to take a difficult decision, and yet those are the decisions that make you or break you as an investor, because at the end being a trader or investor will always come down to your ability to take the right decision under pressure, and very few people can do this if they are not prepared for it.

Every wise investor will think carefully before investing and using their money because they must have had a lot of previous experience. Investors will try to determine the risks and others as material for consideration to start investing. And if in the middle of their journey, investors experience problems, they will be able to find a solution so they can still invest as before.

Quote from: Cryptmuster on November 22, 2022, 02:56:18 AM

Investing always carries certain risks. I will tell my point of view that investing in bitcoin is no more risky than investing in real estate, there is a lot to argue about this, but this is the reality that I see. You are right in that you need to diversify your investments, this can always save some of your investments, you cannot store all your eggs in one basket.

For this reason, we must learn all about the investments that we will use to know what the risks are and how to find the right way or solution to overcome the risks or reduce them. This will help us to know if we can keep investing or quit before things fall apart. And every investment will have its own risks and it is by managing or managing those risks that we can survive well. Most investors out there lack this because they only hope to earn profits without thinking about overcoming the risks.

Sebas.tian

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Giving up in this long bearish season is not a good idea than to be strong in holding for the bearish to give way for bullish season to takeover so that you will be part of those that will celebrate when the season come. Despite, the decreased of the price of Bitcoin and crypto in this year 2022, I think there is a great future ahead of those that will not give up on their holding. Bitcoin is a good investment you can invest wisely in this bearish season and have something good to achieve in the future, which many bitcoiners has testified what Bitcoin has done for them in the past.

BRINIRHA

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Quote from: carlfebz2 on November 22, 2022, 02:24:49 PM

Quote from: BRINIRHA on November 22, 2022, 02:15:29 PM

we must learn from the mistakes made by SBF. but we also have to learn from the success of SBF before getting rich to getting rich. Hope is always there even for everyone on this earth. However, please note that a hope is always accompanied by the same risk. So we must not give up but we must also always be vigilant. Greed is the biggest enemy in crypto investing. and fear is the biggest enemy of beginners in the crypto space. because that's how I feel. even when bitcoin is now at $ 15k, the fear of buying is always there. if only I didn't know DCA. then maybe I would feel more fear. but with DCA. my mentality is a bit awake.

Hope but on the sense that it should really be a realistic one so that you wont really be ending up on getting frustrated.Its true that there's always light in the end of the tunnel but dont make yourself too much

trusting up or hopeful so that you wont really be that disappointed.All things that we are encountering on this market is really just normal on which it is really just a normal cycle and events or things do happen.

This is why its really important that you should really make yourself that fully aware on things which could possibly happen along the way on the time that you had
stepped your foot into this unpredictable and very random market.

yes you are right. Be aware of the risks you are taking and the other thing to do is to keep investing with really cold money. so that when the worst risks occur. so that we can still survive financially. because we must know that investing in crypto assets is an investment with a really high risk.

carlfebz2

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Quote from: BRINIRHA on November 22, 2022, 02:15:29 PM

we must learn from the mistakes made by SBF. but we also have to learn from the success of SBF before getting rich to getting rich. Hope is always there even for everyone on this earth. However, please note that a hope is always accompanied by the same risk. So we must not give up but we must also always be vigilant. Greed is the biggest enemy in crypto investing. and fear is the biggest enemy of beginners in the crypto space. because that's how I feel. even when bitcoin is now at $ 15k, the fear of buying is always there. if only I didn't know DCA. then maybe I would feel more fear. but with DCA. my mentality is a bit awake.

Hope but on the sense that it should really be a realistic one so that you wont really be ending up on getting frustrated.Its true that there's always light in the end of the tunnel but dont make yourself too much

trusting up or hopeful so that you wont really be that disappointed.All things that we are encountering on this market is really just normal on which it is really just a normal cycle and events or things do happen.

This is why its really important that you should really make yourself that fully aware on things which could possibly happen along the way on the time that you had
stepped your foot into this unpredictable and very random market.

Topic: There is Hope at the End of the Tunnel. Don't Give Up. (Read 782 times)