This year is dumping ground for bitcoin - page 2.

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Quote from: TheUltraElite on July 11, 2023, 07:18:48 AM

Quote from: arufox on July 01, 2023, 11:59:07 AM

I think there is no disposal for Bitcoin. In the crypto market, there are always sellers and buyers of bitcoin and that is a natural thing. If you look at the condition of the bitcoin market recently, it seems you are wrong to say that there has been a disposal of bitcoins. Where the price of bitcoin is currently increasing again and trading in the range of $30k-$31k.

OP comment was in a time where Bitcoin was low and dumping and hence is no longer relevant. At present bitcoin is recovering from it's downtrend and we are seeing more demand than supply, so we can assume that the bear trend is stopping and a reversal is occurring. Still these are cycles and the comments here should be an indication as to how the common people respond to bear markets.

For now just keep buying and forget about what the OP said. In fact forget about anything that anybody says and only treat the prices as numbers.

I wouldn't say it's "irrelevant", I think it is as relevant as it gets, why? Because we are talking about something that would make a lot more sense over course of some period and how would you make profit with it? The best thing to do in this case would be making sure that people who has seen a little bit of drop reacted the way OP reacted and that's a terrible thing, and that means we are going to see a little bit of drop here and there in the future and people may react like OP again as well.

We need to ignore them and try to make sure that we are doing the best we could possibly do. I am not saying that we are not going to make any profit at all, all I am saying is that it's going to be a tough situation and it should be very careful situation.

uswa56

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Quote from: Greggry on June 16, 2023, 02:05:55 AM

All the time being this year has not really record a tangible price increase that's why people are dumping bitcoin for now. I consider more buy before now but I think is wise we use our wisdom to hold on or stay bitcoin idle for now, let's see what could have be the reason for this drastically continues price falling. Am thinking weather is reducing in figures, or other market products have reduced its value, or have America caught Satoshi and warn him to stop this bitcoin from gaining value? Talk please, but my advise is to reduce your buying strategies and watch.

Precisely this year the movement of the Bitcoin price is quite positive and do you continue to want that the price of Bitcoin continues to increase, the movement of the crypto market is not like that friends, we have to be realistic and if you follow the price of Bitcoin from the past then you don't need to worry about anything, now buy Bitcoin at the price low and trust me Bitcoin will always recover from its last high.

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Quote from: arufox on July 01, 2023, 11:59:07 AM

I think there is no disposal for Bitcoin. In the crypto market, there are always sellers and buyers of bitcoin and that is a natural thing. If you look at the condition of the bitcoin market recently, it seems you are wrong to say that there has been a disposal of bitcoins. Where the price of bitcoin is currently increasing again and trading in the range of $30k-$31k.

OP comment was in a time where Bitcoin was low and dumping and hence is no longer relevant. At present bitcoin is recovering from it's downtrend and we are seeing more demand than supply, so we can assume that the bear trend is stopping and a reversal is occurring. Still these are cycles and the comments here should be an indication as to how the common people respond to bear markets.

For now just keep buying and forget about what the OP said. In fact forget about anything that anybody says and only treat the prices as numbers.

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Quote from: arufox on July 01, 2023, 11:59:07 AM

I think there is no disposal for Bitcoin. In the crypto market, there are always sellers and buyers of bitcoin and that is a natural thing. If you look at the condition of the bitcoin market recently, it seems you are wrong to say that there has been a disposal of bitcoins. Where the price of bitcoin is currently increasing again and trading in the range of $30k-$31k.

Now the price of Bitcoin even looks more stable at a price of $ 30K+ and it proves that Bitcoin is not just thrown into the market by many people. Because with the stability of the price as seen now in the market, it proves that currently there are still very many people who want to buy and store Bitcoin safely without thinking about throwing it away carelessly. And I believe the $31K level will be crossed again by Bitcoin if there is no deeper drop this month.

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I think there is no disposal for Bitcoin. In the crypto market, there are always sellers and buyers of bitcoin and that is a natural thing. If you look at the condition of the bitcoin market recently, it seems you are wrong to say that there has been a disposal of bitcoins. Where the price of bitcoin is currently increasing again and trading in the range of $30k-$31k.

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Quote from: Greggry on June 16, 2023, 02:05:55 AM

All the time being this year has not really record a tangible price increase that's why people are dumping bitcoin for now. I consider more buy before now but I think is wise we use our wisdom to hold on or stay bitcoin idle for now, let's see what could have be the reason for this drastically continues price falling. Am thinking weather is reducing in figures, or other market products have reduced its value, or have America caught Satoshi and warn him to stop this bitcoin from gaining value? Talk please, but my advise is to reduce your buying strategies and watch.

The Bitcoin market has moved to a better position this year. Those who invested when the Bitcoin market was dumping last year have now managed to make a good profit. If you kept buying bitcoins when the price of bitcoins fell, you would have profited. However, the price of everything, including the Bitcoin market, is higher than before. The market is rebounding again suggesting that Bitcoin price will set a new record next year. So you can invest it when the Bitcoin market drops if you want. Of course you need to have a good strategy about the market and invest later to be successful.

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Quote from: Greggry on June 16, 2023, 02:05:55 AM

All the time being this year has not really record a tangible price increase that's why people are dumping bitcoin for now. I consider more buy before now but I think is wise we use our wisdom to hold on or stay bitcoin idle for now, let's see what could have be the reason for this drastically continues price falling. Am thinking weather is reducing in figures, or other market products have reduced its value, or have America caught Satoshi and warn him to stop this bitcoin from gaining value? Talk please, but my advise is to reduce your buying strategies and watch.

Hey Greg, I hope if you are reading this your opinion has changed. Well, here is some few updates with bitcoin in case you may have missed it.
- Bitcoin has gone up to $30k from the time you wrote this about 2 weeks ago.
- Institutions are pushing the price up. And you know what it is giving public confidence in bitcoin which would lead to high adoption. We are still going to see the price go above $30k
- Some top asset management institutions are grouping up to start their own exchange.

I bet you didn't see it coming. Bitcoin is a surprise that cannot be predicted. And it is just to early in the year to jump into pessimist conclusions about bitcoin.

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Quote from: flyingcarpet on June 27, 2023, 05:44:48 PM

When I was new to crypto investing, this was the method I usually followed. The saying "invest as much as you can afford to lose" gets forgotten after a while. Someone who trusts Bitcoin and says they won't use their own money for a long time will invest more than they can afford to lose. Someone who starts investing regularly will also invest more than they can afford to lose. This is usually the case. Because when they buy small amounts of crypto, they don't care much about the money, but these small amounts grow over time.

Very often that advice is ignored because as we know the main goal of most traders is to obtain profits, and the bigger your capital the bigger your potential profits can be, so instead of just investing what they can afford to lose those people prefer to take their chances and boost their profits, not realizing that they could be boosting their losses instead, while at the same time the more money they put in this market the harder it will be to control their emotions and the easier it could be for them to make a mistake.

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Quote from: BITCOIN4X on June 27, 2023, 05:54:51 PM

I don't completely agree that 2023 is a year of price dump, but you should expect price recovery. Of course there is a possibility of a price correction, but it won't be as bad as in 2022. I am optimistic that the bitcoin price will not drop lower than $20k again over the next 6 months, even if that correction does occur, IMO the price should still be above $20k.

Everyone is entitled to their opinion but when it comes to action, it will depend on yourself here.
So no matter what you will read about this market, dumping or not, it is still on your prerogative if you will invest or not.
This is where most crypto users differentiate from one another, how they are strategizing to take advantage of this opportunity.
Either, you won't do anything or you will start collecting some for yourself. Later on, you will thank yourself if you follow your instincts.

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Quote from: flyingcarpet on June 27, 2023, 05:44:48 PM

When I was new to crypto investing, this was the method I usually followed. The saying "invest as much as you can afford to lose" gets forgotten after a while. Someone who trusts Bitcoin and says they won't use their own money for a long time will invest more than they can afford to lose. Someone who starts investing regularly will also invest more than they can afford to lose. This is usually the case. Because when they buy small amounts of crypto, they don't care much about the money, but these small amounts grow over time.

You forget to mention that constant accumulation is what amount to huge starched in the long run, this is because buying little by little makes investors to accumulate more bitcoin even more than they afford to lose on the loan run, but if you check closely you will know that the process of accumulations may take time and the amount at the certain time may be what the investor can actually afford to Lose.

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I don't completely agree that 2023 is a year of price dump, but you should expect price recovery. Of course there is a possibility of a price correction, but it won't be as bad as in 2022. I am optimistic that the bitcoin price will not drop lower than $20k again over the next 6 months, even if that correction does occur then IMO the price should still be above $20k.

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Quote from: ShowOff on June 27, 2023, 04:49:55 PM

Quote from: GeorgeJohn on June 27, 2023, 04:07:09 PM

From the initial bitcoin price has not be stable or have a record of continuous acceleration in price, it always fluctuating in price and that makes some of the investors to portray that we should invest what we can afford to lose, so therefore the dumping in price of bitcoin is not a new thing we can say its a new thing, when bitcoin falls in price theirs every tendency that the price of bitcoin will get accelerated, so therefore I believe that bitcoin is a technology that deals with what we can label as rising and falling market, when some of the investors is opportune is when they market profits in cryptocurrency investment and especially when their investment happened to be long term investment

The bitcoin price is always fluctuating so people need to consider the “only invest what you can afford to lose” advice. That advice is quite sage given the high volatility of crypto trading, but for anyone who is able to understand how the crypto market works over the long term, then they are a winner. There are many long term holders who get returns many times their invested capital, it is very tempting but of course they are quite capable of surviving ups and downs.

Maybe we are easy to say but not easy to practice. Risks always haunt but at least they have to be experienced enough to adjust. I've set myself up to be a long-term holder instead of taking short-term profits, but of course I've adjusted this investment budget within an amount I can afford to lose.

When I was new to crypto investing, this was the method I usually followed. The saying "invest as much as you can afford to lose" gets forgotten after a while. Someone who trusts Bitcoin and says they won't use their own money for a long time will invest more than they can afford to lose. Someone who starts investing regularly will also invest more than they can afford to lose. This is usually the case. Because when they buy small amounts of crypto, they don't care much about the money, but these small amounts grow over time.

ShowOff

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Quote from: GeorgeJohn on June 27, 2023, 04:07:09 PM

From the initial bitcoin price has not be stable or have a record of continuous acceleration in price, it always fluctuating in price and that makes some of the investors to portray that we should invest what we can afford to lose, so therefore the dumping in price of bitcoin is not a new thing we can say its a new thing, when bitcoin falls in price theirs every tendency that the price of bitcoin will get accelerated, so therefore I believe that bitcoin is a technology that deals with what we can label as rising and falling market, when some of the investors is opportune is when they market profits in cryptocurrency investment and especially when their investment happened to be long term investment

The bitcoin price is always fluctuating so people need to consider the “only invest what you can afford to lose” advice. That advice is quite sage given the high volatility of crypto trading, but for anyone who is able to understand how the crypto market works over the long term, then they are a winner. There are many long term holders who get returns many times their invested capital, it is very tempting but of course they are quite capable of surviving ups and downs.

Maybe we are easy to say but not easy to practice. Risks always haunt but at least they have to be experienced enough to adjust. I've set myself up to be a long-term holder instead of taking short-term profits, but of course I've adjusted this investment budget within an amount I can afford to lose.

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Quote from: Greggry on June 16, 2023, 02:05:55 AM

All the time being this year has not really record a tangible price increase that's why people are dumping Bitcoin for now.

You are wrong in this assumption that bitcoin has not performed positively this year, I don't think you are close to reality with such a statement because right from the beginning of this year 2023, bitcoin has performed tremendously by recovering from its last year's low price to a new price benchmarks that make it clear that bitcoin is indeed a profiting asset for long term investment and if one has really taken the time to check the current BTC price which is above 30k at the current market value it shows further that this statement is wrong.

I will possibly buy more bitcoin if the price ever touched the 20k discounted price again because going by the current bitcoin market condition we may see more uptrend benchmarks.

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Quote from: Greggry on June 16, 2023, 02:05:55 AM

All the time being this year has not really record a tangible price increase that's why people are dumping bitcoin for now. I consider more buy before now but I think is wise we use our wisdom to hold on or stay bitcoin idle for now, let's see what could have be the reason for this drastically continues price falling. Am thinking weather is reducing in figures, or other market products have reduced its value, or have America caught Satoshi and warn him to stop this bitcoin from gaining value? Talk please, but my advise is to reduce your buying strategies and watch.

From the initial bitcoin price has not be stable or have a record of continuous acceleration in price, it always fluctuating in price and that makes some of the investors to portray that we should invest what we can afford to lose, so therefore the dumping in price of bitcoin is not a new thing we can say its a new thing, when bitcoin falls in price theirs every tendency that the price of bitcoin will get accelerated, so therefore I believe that bitcoin is a technology that deals with what we can label as rising and falling market, when some of the investors is opportune is when they market profits in cryptocurrency investment and especially when their investment happened to be long term investment

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Current year is not a dumping ground as it is much better than previous year. at start of this year people get huge profit which is not because or dumping but it was because of pumping. If little decrease occurs it does not mean that now this overall year will be in dumping position but volatility is the nature of crypto market.

Actually demands effects the price of bitcoin it means that if more people sell bitcoin then price will reduces and on the other hand when price increases it means that the number of buyer increases. News also put effects on bitcoin price whether its in positive direction or negative direction depending on good or bad news.

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Quote from: Greggry on June 16, 2023, 02:05:55 AM

All the time being this year has not really record a tangible price increase that's why people are dumping bitcoin for now.

I'm not sure how you can really make this statement based on % increase. Bitcoin has increased almost 100% from the lows to the recent highs. Obviously if we consider the recovery so far from the correction from $69K to $15.5K it remains minimal, as price hasn't even recovered half of those losses yet, but otherwise this should be taken as a signal that the recovery can continue much further than it currently has.

Even with the current economic environment the stock market has overall recovered most of it's 2022 losses, so if Bitcoin were to do the same, price would be around $40K to $50K which isn't out of the question. I also think it's much less to do with how much price has increased compared to other markets, which is considerably more due to it's higher volatility, but how much it has recovered in % terms from ATH.

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You are obviously brand new to the market, which is why you are calling the current price a dumping ground (still +xxxx℅+ in the last 5 years).

America catching satoshi and "warning" him about the bitcoin price has got to be the most laughable part of the post. Paired with the continued incline that ensued very shortly after your post.

At least, when newbs post things like this, we know that good things are ahead....which is a shame as I was hoping for another buying opportunity Tongue

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Quote from: Silberman on June 24, 2023, 03:43:55 AM

Quote from: michellee on June 24, 2023, 02:11:02 AM

After yesterday's gains, today we see Bitcoin price dropping again and reaching $30,700, another good opportunity for us. That's why we must use it to buy again before the price increases to $ 31k.

In the next month, there could be a rather big movement for Bitcoin or the price will still be like this. So if we are still allowed to buy Bitcoin, we should be able to buy according to the budget we have prepared.

Do not immediately buy using the all-in method in anticipation of another price drop. If we can manage the money to buy Bitcoin, we can buy at many low prices.

I think there are many traders that will probably refuse to buy at the current levels, after all it was not long ago that the price was close to 25k and those traders are not going to want to pay more than 20% more for bitcoin just a week later, so it is possible the resistance at the current level could last longer than expected, as we will need for some time before those traders forget about this and finally decide that the current level is a good enough entry point.

That isn't going to happen, people can see how stable the market has become after the recent growth, and they have also seen what happened last time when the market was stable the same way at the same place, so most investors will obviously wait to see some movement at this point, whether positive or negative because that will at least indicate where the market might go from here as there is a lot of confusion at the moment.

Short-term traders who might have bought at around $25k must be selling their coins to take a profit because they know that if they keep holding, the market might deceive them and drop again and there won't be any point of buying low when you can't sell high and the price gets back to low again.

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Quote from: StreakW on June 24, 2023, 02:27:57 PM

In my opinion, determining whether to hold or sell Bitcoin is entirely up to our individual investment strategy. However, it is important to remember that investment decisions should be based on thorough research, a good understanding of the crypto market and personal financial discretion. Always wise in managing risks before making investment decisions.

Strategy is a determination in making investments that can generate profits, if the strategy we use is right on target then we will automatically get a profit that is in accordance with the investment capital. Holding Bitcoin must also be distinguished because it is long-term, some people only hold bitcoin until the bear market and when the bull market sells to get the desired profit, whether it's a small profit or a big profit adjusted to the amount of investment.

All decisions must be based on research and that is why knowledge is very important, when the amount of investment we make is still small, we must try to get profits in the short term. So that with these profits we can add investment in bitcoin consistently to be bigger. The method can be done according to the strategy applied, for example, such as selling every time a profit and buying after a decline.

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