Topic: What do you think about the decrease of Bitcoin price (Read 190 times)

Those way dey always dey fear when Bitcoin dey drop, me I really believe say them just invest for Bitcoin understand pressure, watin I mean be say some of them nah borrowed money them use invest and some of them go use their school fees take invest for Bitcoin.
As an investor, you are not supposed to be in a position wereby as Bitcoin just dey drop small you go dey fear whether you go sell or hold, no e no supposed to dey like that because nah so e dey be even for all investments.
Sometimes Bitcoin price go high and sometimes e go drop so low bit that one no mean say we go sell them, this matter nai make e do dey advisable for investors to use borrowed money take invest for Bitcoin because anything can happen at anytime.
As a Bitcoiners you have to get ready for anything both increase in price or decrease in price.

Fluctuation or volatility na one of the major characteristics wey dey for the crypto, so no be new thing say Bitcoin drop or rise. If you observe sef you go confirm say the price of Bitcoin drop small today but that one no suppose shake any body na normal things, so for that part wey you write say e dey unusual, that statement nor dey correct. We get three type of trend, the bull run, bear run and side ways movement. Any of them fit happen any time, so na to just get am for mind say na the normal ways of Bitcoin be that, so that you no go go panic when the market dey do wattin no dey in your favour. This na one reason dem say study make you no go talk match line.

Hmm, a really interesting fact you actually stated here, but who would have known that Bitcoin would blow so quickly I can guess even the early adoption didn't actually hold their coins that long although I get the fact this is simply an illustration. But you are right though because with all the recent happening with Bitcoin we should have built alot of confidence on it by now because the volatility itself is the main reason and chance given to people that have actually missed the past opportunity to buy when the price was freaking low. Let's take another good illustration, imagine buying 1k$ worth of Bitcoin as of late last year when the price was still low in the bear season around 19k and holding it now that the price is getting to 38k$ , you would have been getting close to doubling of your actual capital used for buying and it's also a good gain if you ask me don't you think and this is just the beginning of the price going up, because we might even get to 50k$ who knows? Nothing is impossible with the price movement of Bitcoin.

The past history, you are talking about last year because bitcoin all time high from exchange was around $58k and now we are down to $37k where it is currently trading on exchanges but there is more you need to know. Bitcoin price was not listed on exchange at $58k, it was around some scent to a bitcoin I understand, now imagine you have like $50 dollar worth bitcoin since that year and hold it to now. What you should even be comparing is what $50 dollar can buy 10 years ago and what it can buy now, but if you have bought that amount of bitcoin 10 years ago, you will worth a millionaire, you didn't just beat inflation, you beat poverty as well.

When you want to invest in Bitcoin, what you should be looking after is the long term return and not this short term loss, the loss is not even a loss yet until you sold, the negative 50% you are complaining is unrealize loss because if you didn't sell your bitcoin, you have not actually loss. It's not like I'm giving you assurance of tomorrow but one day, we will discuss how $37k was so high for people, that was how I believe $20k of the previous all time was discuss that it will never pass that price but look at it today.

Keep it in mind that bitcoin has a rule, what goes down must surely comes up and when it comes up, it will make another journey and may return again before sailing off again for another all time high, that is what bitcoin price has been doing historically. So buy the amount you think you can hold and enjoy the ride in profits.

thank God, you said " no one can guarantee it", the major prediction that are here about is all based on speculative opinion and all these are gather due to past experiences that have occured and also same speculation have been given on the actual time for Bitcoin to reach the new ATH. For now with the looks of how the price is actually pumping it will be hard for someone to guarantee a reduction in the price but all the same past experience have show that this particular time is not actually the period that Bitcoin touches or reaches a new ATH but although we could say it's gathering momentum for the bull season pump that normally occurs after the halving period.

I think the price of Bitcoin will not decrease at this moment or before the halving. Because we all ever with Bitcoin halving. And we know the price increase before the having. The Bitcoin price movement look like the bullish season. And the predictor predict the price of Bitcoin will goes up after the halving something 100K dollars. At the current situation the movement of Bitcoin looks like the price will not decrease but no one can guarantee it what going to happen in future but the possibilities shows us that the high possibility to increase price of bitcoin not to decrease.

If you have been in the crypto space long enough, and aswell understand crypto dynamics, then it will be no news that Bitcoin having a drop in price is only but a normal and temporary phenomenon of which it will definitely go up in the long term. Asides Bitcoin, other financial assets in the crypto market also posseses similar characteristics where they will rise and fall in price ,so it's no news that such is happening what matters the most is the long term of which if you understand you will agree that Bitcoin continually scale new and higher prices than previous as times goes on.

As for the time you take make this post, Bitcoin just dey experience minor retracement, something wey dey normal for the way Bitcoin dey move.  E go good make we no forget say the price dey move in waves to take capture the buying and selling wey people dey do. Even as price dey go up, some people go dey sell and if the people wey dey sell over a period pass people wey dey buy, price go start to go down until buyer plenty again to make the price continue to go up. Na like this the price dey behave and if we take note of this thing, we no go dey panic when price go down small.

Many people dey like buy when price go down and them dey call am buying the dip. The good thing about buying in the dip is that the price go dey very low when you check am with when price dey for up. The only problem wey for buying at the dip be say e dey hard to know when the dip reach or if price don actually reach the dip. Because of this, many people dey miss the chance to buy and price dey move leave them as them dey drag leg.

Bitcoin as of now is even appreciating in price, op, if am to advice any little fluctuations down, you have utilize that opportunity to buy more if you can, because if what is happening in the market now, the position of bitcoin price now encourages any potential investor, Bitcoin is giving a sign of price appreciation recently, that's we shouldn't play with this opportunity, reading journals that are not in support of it, us not not the bets option as it stands now, the best thing to do this moment is to do the needful, if you have been following the trend lately you will understand that there is potential wave of change in bitcoin investment, just imagine that you have a reasonable amount of Bitcoin in your custody, do your thing don't be discouraged.

If the price of Bitcoin decrease then that will be the golden time of those investor who decided to invest in this time. Because of price decreasing the is chance to buy more Bitcoin and that's the best time to buy because we all are aware with Bitcoin halving. If the price decrease then it's our luck which is in our favour.

Bitcoin as as volatility currency which its flexibilities to deflation and inflation should be a state of baffling but could be worrisome at the peak of one at a loosing State of time.

OP, did you mean the thoughts of opinion in the price of Bitcoin at the rate of $65,000 in 2021 to date? Or the current variety of Bitcoin within $34K and $35K?
But however, when Bitcoin price is decreased, it paves passages for potential investors to come in with a a lower value but potentialed to make huge profits but dependent to individual patients contrarily, it serves aching to already investors whom had invested before the falling of price but specifically on those who are insighted on short term investment.

So if you already know of the unstable and volatility of bitcoin,  why them do you still have to border yourself to create a topic for that,  you can simply find any of the bitcoin speculation topics and make your comment and contribution since you are not bringing anything new,  as far as bitcoin market speculation discussion is concerned.

Although we have not had this kind of topic here to discuss the volatility of the bitcoin market and how we can program and prepare ourselves towards it because making the right move and plans in line with these market forces will increase our chances of making the best out of the market at per time and being able to take advantage of of the market.

You see price of dollar drop which causes a little drop for Bitcoin and coo trader's people who where getting $50 Bitcoin for 64,000 will be getting for 50 something thousand now you see the slit difference.

I dont really understand what you mean by it's not unsual for crypto currency. If what you mean was that it's unusual for crypto currency to fall below or within %50 I think you are getting it all wrong. Crypto currency expecialy Bitcoin is not stable and that is what makes it unique from normal fiat currency. It's volatility makes it profitable on investing. I think if not it's volatility I don't think if people would be able to invest in it. The primary aim why people gain from Bitcoin is the price changes. Just like Michael J Saylor CEO of MicroStrategy, who invested on bitcoin on the 8/8/2020 with the sum of $250m at the rate of $11653k  per btc. on the 14/9/2020 he also baugh Bitcoin worth $175m at the rates of $10419k per btc. he fother baugh Bitcoin worth of $50m on the 5/12/2020 at a total sum of $475m at the rate of $19427k per btc and a total of about 40,824btc today he is Worth $1,134,639,838.34b. if not for Bitcoin volatility how on Earth would he have made this huge sum of money I will show you the spreadsheet

Link source==>

https://www.businesswire.com/news/home/20200811005331/en/MicroStrategy-Adopts-Bitcoin-Primary-Treasury-Reserve-Asset

Decrease in price is always a chance to buy more.  Those who want to make good gains can capitalise on the decrease in price to accumulate more Bitcoin. The best entry point is usually the dips because one can easily enter profits. Those that bought Bitcoin when it reduces to $25k are heavily in profits now,  that's the power of buying at low price.  While some people fear and sell when price reduces, the smart people use that time to buy more

What decrease in price? I did not even notice. However, what I have noticed is an increase in the price of almost 30% in the last ten days or so. Welcome to the world of crypto, OP!

Even though you are new to the forum and probably to the bitcoin technology. And if you dey follow the bitcoin news and follow the price in different exchanges and trading view, you would have make a good thread from it. But that is not withstanding. You tried Sha. But bitcoin price never go down from yesterday go and check it again though I don't know where you got the information from. For about a week now the price is $34k+ and the price is unpredictable. We all know that the price will go up to the ATH.

Before the halving in next year, the price will hit $40+k and in the bull market the price will hit $80+k so everything will okay at the bull market.

I don't think this thread was really necessary bro, you should have made a reply here on this thread Bitcoin price speculation (BTC/NGN) created by Charles-Tim instead. It's main purpose is to discuss all relating to btc price. You can just lock it and reply over there instead.
Replying to your topic of discussion, I don't think there's been any significant decrease or change in price of Bitcoin for some weeks now, it's still hovering around the 33k-35k price.

My own opinion to this I will say this is not unusual for cryptocurrency. The price goes up and down  for pass history Bitcoin price fall and raise dropping at 50% . However It's important to know that the long term outlook for Bitcoin is still positive, with many prediction it will continue to increase in Time.