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Topic: What's happening With Bitcoin? (Read 712 times)

full member
Activity: 728
Merit: 117
June 19, 2022, 05:58:57 PM
#63
The key point Reason for the Market Crash is Fear and Inflation.
Also, don't forget about the cycle of bearish and bullish period. This cannot be separated from the crypto world. Nowadays, it is time for a bearish market that stafrom several months ago. Just enjoy it and utilize every period to earn money.
Btw, for this dump, it is a good time to add more Bitcoin, isn't it? Hopefully, I can have more cash to add during this bearish season to prepare for the next bullish era.

..why if we buy now and keep even though Bitcoin fall again to reach 10000 thousand it will not affect because you know that it will fall again and also rise again. And if it rise you will make profit
It is because we don't know when is the dip exactly. That is why we must manage our money when buying coins. DCA may be useful. In this case, we are suggested not to be all in when buying because probably tomorrow will drop again or vice versa.
member
Activity: 868
Merit: 38
Join hands and help me to grow everybody...
June 19, 2022, 05:54:56 PM
#62
I must say, I didn't expect Bitcoin to drop so low. I thought that it was becoming more stable, losing a lower percentage of its value than it used to before. It seems that I was wrong, as it already lost around two thirds (compared to ATH), and it's unclear if the bottom is $20k (maybe it can go even lower, who knows anymore). I'm a bit concerned, and I don't think inflation is a reasonable explanation. Why would inflation lead people away from Bitcoin, not toward it? After all, Bitcoin is resistant to inflation by design (to hyperinflation, that is, as the number of coins is growing, but slowly)! So it's some sort of ridiculous panic selling. I hope the panic will be over, and more people will start seeing it as an opportunity to buy.

I heard somebody said that we are in bitcoin even early than we thought. I, myself getting in "late" am excited for this opportunity to stack more sats!
this is the best time of buying bitcoin for investment but people will use the eye of bitcoin is falling daily to encourage others not to buy bitcoins and keep, why if we buy now and keep even though Bitcoin fall again to reach 10000 thousand it will not affect because you know that it will fall again and also rise again. And if it rise you will make profit
copper member
Activity: 65
Merit: 110
June 19, 2022, 02:19:28 PM
#61
I must say, I didn't expect Bitcoin to drop so low. I thought that it was becoming more stable, losing a lower percentage of its value than it used to before. It seems that I was wrong, as it already lost around two thirds (compared to ATH), and it's unclear if the bottom is $20k (maybe it can go even lower, who knows anymore). I'm a bit concerned, and I don't think inflation is a reasonable explanation. Why would inflation lead people away from Bitcoin, not toward it? After all, Bitcoin is resistant to inflation by design (to hyperinflation, that is, as the number of coins is growing, but slowly)! So it's some sort of ridiculous panic selling. I hope the panic will be over, and more people will start seeing it as an opportunity to buy.

I heard somebody said that we are in bitcoin even early than we thought. I, myself getting in "late" am excited for this opportunity to stack more sats!
newbie
Activity: 41
Merit: 0
June 19, 2022, 02:13:02 PM
#60
I think End of the year 2022 Bitcoin will pump again. This crisis happened for Russia, Ukraine war. For this war world economy huge down now. Every sector of economy fall down. I think within this year war will end then total economy will turn and it will increase. Then Crypto market will turn and Bitcoin Price will Go new ATH There has no doubt. Because Bitcoin is most important part of world economy.
sr. member
Activity: 1572
Merit: 267
June 19, 2022, 05:40:14 AM
#59
Bitcoin falling is becoming something else and i don't know if bitcoin price will be rising again for this year because the falling is making me to be afraid of holding bitcoin. For people that being into the system for long time how do you feel about bitcoin falling is it any assurance that this coins will do well again, bitcoin is falling to reach 19k and if it reached 10k do we still have the Hope that it will increase and pass 60

You SHOULD be afraid...  Your brain is trying to tell you something, listen to it.

GREED makes people do really stupid things, and ignore so many obvious warning signs.   We have seen this many times in different bubbles and Ponzi schemes throughout history.



Yeah. The dot com bubble. What else did you see?

I forget you are pigeons somedays.
sr. member
Activity: 1572
Merit: 267
June 19, 2022, 05:32:34 AM
#58
I buy at like 1/3'rd of the price now.

And get it for my dividends too. Not on my cornflakes but that's it.

Google bitcoin rainbow chart! I'ts a firesale now at 200ma. You guys upstairs. Please connect the dots.
member
Activity: 434
Merit: 29
June 18, 2022, 06:18:18 PM
#57
Bitcoin falling is becoming something else and i don't know if bitcoin price will be rising again for this year because the falling is making me to be afraid of holding bitcoin. For people that being into the system for long time how do you feel about bitcoin falling is it any assurance that this coins will do well again, bitcoin is falling to reach 19k and if it reached 10k do we still have the Hope that it will increase and pass 60

You SHOULD be afraid...  Your brain is trying to tell you something, listen to it.

GREED makes people do really stupid things, and ignore so many obvious warning signs.   We have seen this many times in different bubbles and Ponzi schemes throughout history.

member
Activity: 434
Merit: 29
June 18, 2022, 06:15:16 PM
#56
anyone who thinks that bitcoin is going to zero does not really know anything about what the blockchain technology and bitcoin is in general, 

WRONG WRONG WRONG:   Bitcoins is NOT blockchain technology.  Bitcoin USES blockchain technology just as pets.com used the internet.   Pets.com went to zero, and so can bitcoin go to zero....  Blockchain will still be around, most likely be used by Federal Reserve Coin...

The fact that you make such and EASY and OBVIOUS error tells me you are not the person anyone should be listening to for financial advice   Lips sealed





hero member
Activity: 1498
Merit: 711
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June 18, 2022, 05:46:57 PM
#55
Bitcoin price early dropped in 2022 and now huge dropping day by day.Bitcoin already touched in 68$k but now it dropped and reached $19k+.Bitcoin price early dropped in this month cz previous month bitcoin was around $37k+  and it was staying around $40k+.I think bitcoin price will be recover soon and bitcoin price wil be more grow in future.
Actually you are quite right of bitcoin decrement in value daily, but the factor I'm considering is that this occurrence of bitcoin depreciating, it's not the first neither the end of experiencing this low values of bitcoin. I know quite well that bitcoin most surely accelerate in value. We should not panic much because the market shall retrace back at least forty thousand (40k)
hero member
Activity: 1456
Merit: 940
🇺🇦 Glory to Ukraine!
June 18, 2022, 04:52:16 PM
#54
When Bitcoin was rising, all people were talking about cryptocurrency and blockchain technology on a daily basis, and what it brings. Today, this has become a bit rarer, but there is a good chance we will see a new bull market again, and people will certainly talk about it once again. I do believe that cryptocurrencies and blockchain will flourish and start to be used en masse, but that does not necessarily mean that their price will skyrocket. One must realize that the blockchain is now in the same phase as the Internet was in the 90's and that there are many opportunities available. At that time, no one could even imagine Internet as we know it today. The same will happen with cryptocurrencies.
full member
Activity: 1358
Merit: 104
June 18, 2022, 04:17:56 PM
#53
Bitcoin price early dropped in 2022 and now huge dropping day by day.Bitcoin already touched in 68$k but now it dropped and reached $19k+.Bitcoin price early dropped in this month cz previous month bitcoin was around $37k+  and it was staying around $40k+.I think bitcoin price will be recover soon and bitcoin price wil be more grow in future.
member
Activity: 868
Merit: 38
Join hands and help me to grow everybody...
June 18, 2022, 02:28:22 PM
#52
Bitcoin falling is becoming something else and i don't know if bitcoin price will be rising again for this year because the falling is making me to be afraid of holding bitcoin. For people that being into the system for long time how do you feel about bitcoin falling is it any assurance that this coins will do well again, bitcoin is falling to reach 19k and if it reached 10k do we still have the Hope that it will increase and pass 60
sr. member
Activity: 1344
Merit: 288
June 18, 2022, 02:04:49 PM
#51
EASY ANSWER !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!


Bitcoin is crashing...   Going to its intrinsic value of zero.


Did you really need me to tell you something so obvious   Huh




it's obvious that you are just saying this out of no point, anyone who thinks that bitcoin is going to zero does not really know anything about what the blockchain technology and bitcoin is in general, this crash is just normal it's has happened few years ago and it is happening now, it will also happen in future, its the normal market cycle which need to occur, only the wise will buy solid coin at this dip and profit in years to come
member
Activity: 434
Merit: 29
June 18, 2022, 01:12:59 PM
#50
EASY ANSWER !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!


Bitcoin is crashing...   Going to its intrinsic value of zero.


Did you really need me to tell you something so obvious   Huh



sr. member
Activity: 2366
Merit: 448
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June 18, 2022, 01:10:07 PM
#49
Don't worry about what happens to bitcoin and actually this is the best time to collect because it's on discount, and I don't really care what happens to bitcoin or other related news.
remember what happened to bitcoin will definitely happen again and will continue to be so, so don't worry too much or get carried away by the news, because ups and downs are the nature of bitcoin and buy low sell high is the strategy. So what's happening now with bitcoin, I think it's a good time to buy and hold it and it doesn't matter how long it takes because the bulls are bound to happen even if it takes quite some time.
legendary
Activity: 2716
Merit: 1225
Once a man, twice a child!
June 18, 2022, 11:01:54 AM
#48
It seems whatever is happening now with Bitcoin this is not a very big problem, for smart investors they take this opportunity to Invest, and by taking advantage of this bear market they believe that this is not a too serious problem, so don't be too afraid of the situation this.
Take my word for it – what is happening now to Bitcoin and in the market generally isn't anything new. Just see it as the needed price correction before a new push to a fresh ATH. In fact, don't even bother about Bitcoin on this. It has a way of taking care of itself and "resurrecting" so to say at the due time. Bitcoin is a phoenix; a sort of a cat with nine lives. Don't panic if you're new in this industry.
jr. member
Activity: 48
Merit: 1
Backed.Finance
June 18, 2022, 07:57:40 AM
#47
It seems whatever is happening now with Bitcoin this is not a very big problem, for smart investors they take this opportunity to Invest, and by taking advantage of this bear market they believe that this is not a too serious problem, so don't be too afraid of the situation this.
hero member
Activity: 1974
Merit: 534
June 18, 2022, 02:52:27 AM
#46
I know almost all veteran members understand what's happening in the market. But, newbies like me still trying to figure out what's happening and the possible reason why it's happening. Now, People sharing their thought as if BTC is the only currency that is going down now. Every currency going down right except stable coins (We don't see the stable coins going down like Terra UST).
The key point Reason for the Market Crash is Fear and Inflation.

I agree with you, right now the market is guided by fear. This week we saw a lot of panic selling happening. Why are so many people running for the door now? All the risky assets dropped a lot this week, but selling bitcoins now at 20,000 USD or even below seems like a very bad choice to me. We should be buying low and selling high, not the other way round. What I don't understand is why high inflation is pushing down on the bitcoin price so much. Shouldn't it be that inflation is bring down the value of fiat money and increases the value of crypto coins? The best thing we can do is HODL and not give into the selling pressure. Stable coin might be one solution to store value, but the more people sell at the moment also means the price will drop even further down. We can all stop the panic by not selling our coins.
legendary
Activity: 2716
Merit: 1225
Once a man, twice a child!
June 17, 2022, 11:54:51 AM
#45
buy the dip, sell the hype
The latter is what I haven't been able to do well. Well, maybe not very well because I tend to hodl longer than I should. I don't know if there's anyone who has been able to sell when the ovation is loudest before the descent. I mean there were investors who heDl to the recent ATH of $64k+, expecting it would go higher but then ended selling below $50k. I'm sure there are some who are still hodling to this very moment, wishing it could go up back now so they can quickly sell off. I ain't talking about those who are genuine hodlers. I'm talking of investors who missed the opportunity to sell because of higher price expectations.
hero member
Activity: 1344
Merit: 565
June 17, 2022, 06:35:02 AM
#44
Ignores all the dumps focus only on the pumps
         pump
   pump  /\
      /\   /   \/
    /   \/    dump
  \/   dump


SELL
HOLD
BUY

buy the dip, sell the hype
OK so, we should have understood by now that this is somehow a normal pattern in the cryptocurrency market because history has shown us that there has been a couple of Bull and Bear markets since Bitcoin Genesis so why all the fear that people keep having whenever the market drops? I understand that most thought the dynamics have changed in the market compared to previous years of Bitcoin and we might not see this level of dips again but I think this is not the case, however, we should learn how to take advantage of every market opportunity.
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