Topic: This is why I'm not worried about Bitcoin price. - page 2. (Read 566 times)

Indeed, though rather than being upset, believers should be happy since this is another sign of Bitcoin getting ready to evolve and be mass adopted.  Big players knows this that is why, the moment they saw an opportunity to FUD the market they do it, and sadly they were successful.  They did that to accumulate at cheapest possible price to rake more profit when bitcoin catapulted.

Hodler will never worry since they will not sell, the only people who are worried are those that have no faith and get in the wagon due to the hype and rumors.

I'm in a somewhat similar position, earning almost entirely in crypto, and of that almost everything in Bitcoin. Ao I have to sell regularly to pay bills and feed mouths, and have generally stopped trying to prime sells at price, especially with recent months of sideways movement. In general, lose some win some though the recent dips meant I "lost" more value as sold about lower than when received. No big deal, I still feel it's always a ride up or down, and still sticking to Bitcoin. Suffered the same exposure with fiat anyway.

Whatever I managed to set aside for holding is strangely back at where it was a year ago, but that's fine too. High price means my holdings are up, low price means I get to pad up Bitcoin holdings better. So yeah, win win in the big picture.

We have seen the price rally in the last quarter of the last year that was manipulated with the involvement of big whales and institutional investors. However, the correction in the first quarter of this year not only helped Bitcoin to stabilize but also to grow in the long run.  Most of us were expecting a recovery in the market in second half of this year but somehow it is delayed but still, everyone has optimistic views regarding the growth of Bitcoin as well as crypto industry in the coming months.

Yes I agree likewise me, bitcoin is only a portion of my income around 35% the other 65% I receive in fiat currency from bank to bank transfer in my country which is obviously also fast and free, so my financial situation is not dependable on bitcoin alone.

Another thing that sometimes we forget is that a lot of people had a lot of gains when bitcoin went up, but a lot gains can be achieved too when bitcoin goes down, just need to use other avenues of investment, so for me if bitcoin at this point would go for a while really down it would hurt me on my current bitcoin hold but it would give me a huge return on other investments and those investments cover way more than the temporary current value lost in bitcoin holdings.

As for people being not upset about price drop but the reason why it dropped, again yes I agree at a certain extent, but a solid asset such as bitcoin should not be affected physiologically by alien activity on other alt coins. For me  hard forks and whales wars on selling offs big chunk of bitcoin can "manipulate" price but the quicker we get rid of these whales the faster we will get a stronger bitcoin. So that is another reason I'm not worried even if bitcoin would hit $1 again as I'm very confident it would have a new start and this time would come out stronger which I believe it will anyway no matter what the bottom price will be.

it has always been about investing what you can afford to lose. this has been said millions of times and only those who listen are winners. it is not just about the monetary gain/loss either. it is about having your mind at ease because you haven't invested your whole life in something to vanish overnight.

then you can think about things that really matter like the true potential of bitcoin. there still is 21 million coins max and owning 21BTC means being 1 in a million! that is ridiculous. I will soon bump my 1 in a million topic since this is a milestone for those who want to be 1 in a million, now is the opportunity to catch up.

There are ways to stay in business even with such a situation in the cryptocurrency market. But for this you need luck and money, because without them you will not go far

Those who are affected greatly by this sudden fall are those who don't have any other investments apart from bitcoin and cryptocurrency. One must understand that a single point of passive income is always bad, mostly if you have already invested a lot of money into it and all your money is literally frozen into that particular investment. The ones who are happy with this fall are those who have extra money laying around and are just waiting for a perfect buying opportunity again (just like me). This is also a good time to average the cost of your buys in order to get more profit if bitcoin booms once more.

I am not worried about the present value of Bitcoin. This is the time for wise ones that have funds to invest to buy them cheap. This is just the beginning for Bitcoin. I am so positive about it being a million dollar someday.

It's sad for anyone that is relying on bitcoin as a source of income, this is why it should be traded as a part time job rather than an all in type of income. Good times will return, they just need to hodl

People who can turn every crisis into an opportunity will be profitable. In fact, if we could take all our measures and turn the situation into an opportunity, instead of worrying, we would be thinking about our profits.

bitcoin is at a low price position, but believe if bitcoin can be one of the high-potential coins to be able to become a good coin and grow tall. so I think this is a good thing to hold bitcoin.

Because Bitcoin price is not only the single factor which is making popular it has lot of things to consider like blockchain technology,deregulation and more so the faith of the people behind it.

to be fair i believe most people aren't upset because of the price drop but because of the reason for the price drop. for example you can't find anyone who is truly upset because price dropped from $20k to $10k although that was a gigantic drop. but they are upset now because this is not a natural drop and the reason for it comes from an altcoin drama which doesn't even have anything to do with bitcoin.

Yes, you're right. If we decide to invest in bitcoin as a long term investment. Should not worry much about this price at this time.

I get the part of no one being able to promise anything although I personally believe that bitcoin price will go down and will come up again as it did before. However Crypto currencies are not useless it just depends on what use they have for you. As I mentioned on my previous post even if for example bitcoin would not give me any profit reward and would crash in value I would still use it for receiving overseas payments as it would still be faster and cheaper than using banks and other third parties. So in my case I have use for bitcoin and the blockchain. Crypto is not just about investment there are other advantages, but what works for me and it is of use for me cannot be for everyone as we all have different agendas and needs.

BTCagholders just BTCagholders.

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That makes no no freaking sense, you cannot guarantee that Bitcoin will grow in the future "because it is very promising" there are thousands of other cryptos and none is woth more than the trust that people put on them. Truth is, no one is using Bitcoin as a currency or as a tore of value.

Nowadays, cryptocurrencies are all useless. Pure speculation.

Yes for example payments I received when bitcoin was at $6.5K and plus have now devalued, that is why I always sell some percentage every month from my overseas payments so that I cover my risks. It's true that some months price may get only in one low direction but the opposite also happens. However what I have been experiencing is that even when price drops quite a lot (and technically I loose money), the bigger amount in bitcoin that I receive in the next month or so eventually covers for the lose or even in excess when price goes up.

Of course if the price goes only down it is a constant loss, but even if it would get so bad that 1 bitcoin would be $1 only any little jump to $3 or $4 would get me a 3 or 4 times reward on capitalising back. So even though the down direction is "negative" it is also true that the most low it gets the most close to duplicate or triplicate in value it can get.

Worse case scenario is if bitcoin would only go down from here until hit close to zero $0.0001 and never move up again, but even on that case I could still sell whatever I receive at that rate and bitcoin would still be a great asset for my business due to the banking problems I referred before. The amount of customers i would lose for waiting times and high bank fees would still in the long run even if bitcoin would loose all its value be better for me to use than the banks, unless of course there no one would be interested in buying my thousands of bitcoins for fiat currency anymore  but I think I would always find common ground there with other business and users who still want to buy bitcoin for whatever reason that may be.

So I only can say bitcoin has been for me an asset, an opportunity to earn more, but most of all a great way for me to receive fast money from overseas and keep my business moving at a pace to please my customers. I can't be upset in any way for whatever value bitcoin will get to even in the worse case scenario.

Bitcoin is really great for long-term investment. If you decided to take this, you shouldn't be bothered anymore by any news of decline. It won't matter because you're mind is set on the future maybe two or three years from now. This is the cold investment. But, if you want profit right away, day trading is possible as long as there is fluctuations and it is not always decline.

yes, and I prefer to trade in the near future to create profits, even though my profits are small. but that is my choice.

Bitcoin prices have reached 20K at the end of 2017, even that makes me not worried, because bitcoin will follow in the previous footsteps.

Of course you can try to be quite shielded in this situation, but it obviously affects you, the payment you receive right now can be devalued in 2 weeks, and so it can be consecutively with each new payment, all this year bitcoin has been falling, nothing indicates that it will rise, and if it does probably is in the halvening that will occur in another two years.