This year is dumping ground for bitcoin - page 5.

Lida93

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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.

Maybe you can go back to the chart again compare and contrast the price around november/december 2022 and the price of bitcoin from january to march 2023 to see if there wasn't something of a tangible difference in BTC price that had occured this year. There's no dumping of any kind for as we speak there are people that accumulating, taking advantage of the low in view of the bull run at any moment.

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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.

If anyone should choose to stay idle now, would it be when the price has skyrocketed that they should buy? For of what significant profit would it be for them waiting to buy when the bull run eventually take place to those that have already bought and HODL at the low?
There would always be a reason for a market price reaction wether high or low price, it's only left for you as an investor to make positive utility of the moment ahead of the future.

DooMAD

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People worry about some funny things, heh. You'll find it gets easier if you start to look at Bitcoin in ways beyond what amount of your national currency you can obtain by selling bitcoins. Instead, try to focus on what it gives you:

Financial sovereignty, where you can embrace total self-determination of your money
Censorship resistance, where no one can block or reverse your transaction (unless you choose to rely on middlemen)
Freedom to transact globally, 24/7, with no Bank Holidays, national borders, or branch closures getting in the way

If you purely see it as a speculative plaything, you're arguably missing the point.

TheUltraElite

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So anyway, I applied as a merit source :)

Quote from: Danydee72 on June 16, 2023, 05:10:00 AM

I don't understand people. When things get cheaper, usually people buy more of it. But if Bitcoin's price fall, we should do opposite and stop buying it?
If you cannot see the dip, nobody can help. Let fear and greed be your friend and not your enemy.

It's because people have a lack in faith in Bitcoin enhanced by the cyberpunk nature to it and it's use. Not to mention the number of scams that happened with bitcoin as the mode of transaction,. Thus the habit of holding bitcoin while it drops and buying it when it's performing poorly is lacking among many newbies and financial advisors.

Hence let bitcoin dump, but learn how it works and clear your doubts on Bitcoin as much and not worry about its price.

CryptSafe

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I doubt if truly they could unveil Satoshi Nakamoto true identity not to talk of arresting him. You should be aware that Satoshi has long built bitcoin void of his control and decisions. Bitcoin belongs to the people, the people have say over it and not the government.

As for the price decline, I see it as an opportunity to buy more and hold because it is the right time to do so and mind you the year is not over yet for your assumptions to be true. It is still remaining more six months to go so anything can happen. Do not be in a haste to conclude or make pronouncement on what you know nothing about.

CODE200

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OP, you smoke too much, Satoshi's gone, living on a farm somewhere in Australia, kidding aside though your worry is valid but it's not worth mulling over because if you look at it in an optimistic way, you can actually see that the dump in the price is actually a pretty good time/sign to buy bitcoin and accumulate and grow the amount that you currently have, I'm not the only one who thinks these, think about it OP and to every worrywart out there, this is the "should've bought bitcoin when it was low" moment that many people have been talking about.

lionheart78

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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.

Those who are dumping are people who have weak hands and are in for a quick profit. Since their plan is busted they decided to dump BTC and look for other items to trade. This is a normal activitiy in Bitcoin market. And I would not surprise if Bitcoin rally after this bearish movement since Bitcoin is also known as high volatile commodity.

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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?

DCA if we wanted to increase our Bitcoin portfolio is a good strategy now that Bitcoin keeps on tanking and moving sideway with little price fluctuation. If we enter on a higher price point, then now is the time to average it down. Holding will do nothing and selling is devastating. The best course is to buy more while BTC is at a lower price.

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Talk please, but my advise is to reduce your buying strategies and watch.

What do you mean by this?

cryptoaddictchie

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

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.

Even Satoshi cant control the price action of bitcoin. Are you telling us to be cautious of potential price drop? Well thanks for that, but some prefer to dca or even bag more when some are panicking. Sadly, this is available only to people with deep pocket who can average their buy out during when its high.

hugeblack

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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.

No one expected that Bitcoin would rise during this year, even the current levels are considered high starting from the beginning of the year so that if we think that we were at the levels of 15K several months ago, the price of 25K is attractive or high, especially if it is compared with stock prices and most investment sectors.

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

Talk please, but my advise is to reduce your buying strategies and watch.

Returning to what I said above, the price currently seems good for those who want to build a long-term investment center, and it is a suitable selling price for those who invested a year ago from now and do not wish to wait for two or three years.
This advice would be terrible if we go back to this thread two years later.

Danydee72

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I don't understand people. When things get cheaper, usually people buy more of it. But if Bitcoin's price fall, we should do opposite and stop buying it?
If you cannot see the dip, nobody can help. Let fear and greed be your friend and not your enemy.

yudi09

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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.

When the Bitcoin price was under $17k and now trading at $25k isn't that an upgrade?

I don't think it's a year of disposal because the current Bitcoin price is still in a normal situation in the market cycle.
People who dump Bitcoin when the price struggles to increase have no deep knowledge of Bitcoin future.
I don't think anyone wants to do that at a time like this with Bitcoin even though you say because they threw it away because all the time it hasn't posted any gains.

Just be patient for some time because the total supply has reached 19,403,675 of the maximum supply.

Dunamisx

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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.

That's not true, people are dumping exchanges to get their personal wallet and store their bitcoin in them because of the recent news on on possible crack down on exchanges due to government regulations especially in US, this is not the first time bitcoin price will be going dip and still bounce back high, we have attained close to $30,000 this year and there's more positive indications we are getting off the resistant soon and we could get as close as to $68000 of all time high right before the halving takes places.

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

I consider more buy before now but I think is wise we use our wisdom to hold on or stay bitcoin idle for now

It is clear here that you are among those that fall under the fear of missing out, if someone is interested to buy, now is the perfect time because we are getting more closer to the bitcoin bullrun and we are still on the bear season, hodl enough as possible this time so you can partake in the bullrun experience, you may also try to be buying gradually and hodl using DCA method.

Crypt0Gore

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And that's why it's the best year for Bitcoin accumulation, if the Black Rock ETF thing doesn't change your mind about why you should keep buying then you are just as stupid as the majority of crypto investors out there, thing are happening right before our eye and some people are sleeping on it, the whole SEC drama and Sam FTX scandal are now making sense to me, the while drama looks intentional agenda all along.

Buy the freaking fear, it's the only way to be ahead of those waiting for the first pump before they jump into the wagon, people like jumping in while the price is already at the medium to peak, are you going to be one of such people again when this whole drama have happened before? That's your call.

pooya87

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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

I strongly suggest you take a look at the charts sometimes!
This year price started around $15k and reached $31k which is more than a 100% increase and even after the drop price is still higher than the price we started the year with (ie at $25k which is $10k above it).

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that's why people are dumping bitcoin for now.

What's your reason for saying this? Just because price is not increasing 100% every month?!

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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.

Now I'm wondering whether you are trolling Cheesy

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Why does bitcoin becomes a "dumping ground," as soon as the price starts to drop a little. Why do people keep on thinking it is "dying" this year? Yes, it's true that Bitcoin has had some rough time the last few days, but this is something very normal. You would know if you were in the market for a long term. Zoom out the charts and you will see that it has actually been a good year for bitcoin despite seeing lots of unfortunate events! Remember, Bitcoin is volatile and it will go up and down, and react to different events in different ways. It's not always a smooth ride upwards. And no, not even "Satoshi" can stop the price of bitcoin from growing.

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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.

I hope you're hypothesizing Satoshi's kidnapping just as a joke because I find it very useless as an expression but above all it wouldn't make any sense on Bitcoin's performance as Satoshi himself couldn't influence it.

Kakmakr

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You definitely have to do some more research, before you post something this random. Grin

The SEC in the USA are going after the biggest Crypto Exchange on this planet.... so it is all over the news.

There are also a lot of political talk about the tightening of regulations towards Bitcoin and Crypto currencies, so that scares potential investors in this technology. We saw what New York did, back in the day with the introduction of the "BitLicense" ...and people think the same thing might happen with the USA. Angry

TheUltraElite

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So anyway, I applied as a merit source :)

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.

Both are good options depending on how the downtrend is affecting your mindset, because the latter is something you need to keep sane to continue normally in life. If you are hopeful and wish to buy then by all means do so as the price drops. If you are feeling bad about it and want to wait it out, no problem in that as well. For long term traders this is an advantage, they are never in a pressure to trade rapidly.

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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.

Satoshi has no control over bitcoin, the price depends on buy/sell demand in the market. Please get your basics straight here.

avikz

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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.

There are two sides to a trade. One who sells and the other one who buys. Bitcoin always goes through such bull and bear cycle. I would rather say that bitcoin is more stable than many other cryptos in this market.

Also when the price is low, that's the best time to buy bitcoin. So when you see the market in red, enter there and buy in small quantities. That's how you average out your buying price. If you are re-thinking your buying strategy, think on these lines.

m2017

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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.

There is no connection in the absence of a bitcoin price increase this year and a bitcoin price dump. Crypto market always works like this - some people buy and others sell. Now there are more people willing to sell, which is why the price has fallen. The reasons for such actions can be completely different in people. Recently, this was related to SEC's allegations against the binance. In the same way, events and news in crypto industries can push people to buy and subsequently increase the rate. Markets always fluctuate up and down.

But my strategy is different. Despite all the emerging negative information background, it is more productive to accumulate btc, which will be rewarded in the long run. It is best to ignore the current short-term fluctuations and focus on the future.

You are exaggerating the bitcoin's dump this year. It's not as significant as it used to be.

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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.

Dear op, please don't allow negativity to cloud your judgement. Bitcoin started the year at 15k price mark and pushed through to 30k, it later retraced to 25k, and you're saying Bitcoin has not registered any meaningful progress this year?

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

I consider more buy before now but I think is wise we use our wisdom to hold on or stay bitcoin idle for now.... Talk please, but my advise is to reduce your buying strategies and watch.

At this point it's really hard to tell what the bottom is, it might go down further and it might not go down, but we are just less than a year to the next bitcoin halving and there will always be smart buyers maximizing the market condition, filling their bags and waiting for the next bull run. Bitcoin Whales Accumulating Nearly $26,000,000 in BTC per Day Amid Falling Prices.

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

Have America caught Satoshi and warn him to stop this bitcoin from gaining value?

Have you been reading the media lately? Satoshi has not been caught and the current deep in Bitcoin price could be due to American SEC's saga with Binance and Coinbase

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