Why do you think bear market is affecting Bitcoin (Crypto currencies) so badly - page 3.

davis196

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Quote from: Amedon4dpeople on September 02, 2022, 08:08:47 AM

In my own opinion crypto investment just like any other business is not a mare for weaken Hearted follow
Cause it's the time to humble the riches and en-riches the strong minder holders are winners in this space
What do you think will help to help boost the mindset of investors again after all the ordeal?

First, I think that you should improve your English.
Second, the majority of the BTC investors are just ordinary people, who bought a small amount of BTC with a part of their small savings.
It's OK for them to panic and sell, when the market gets stuck in a bear trend or the price drops fast. You can't have winners on the market without having losers. If everyone was winning nobody would be losing and the profits would be close to zero.
I don't think that anything will "boost the mindset" of such investors. If they don't believe in the future of BTC, just let them leave the market.
I'm still positive that a Bitcoin bull market will come somewhere around 2024.

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So anyway, I applied as a merit source :)

Quote from: Amedon4dpeople on September 02, 2022, 08:08:47 AM

In my own opinion crypto investment just like any other business is not a mare for weaken Hearted follow

It would help if you stopped shaming people as "weak hearted".

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Cause it's the time to humble the riches and en-riches the strong minder holders are winners in this space

In every speculative market, it is the same and hence those who are referred as "pro-traders" are always making profits. They dont trade everyday but they trade with diligence at proper times.

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What do you think will help to help boost the mindset of investors again after all the ordeal?

It is their choice to invest in an asset or not. It is not your nor my job to make them invest in bitcoin. If they find it profitable, they will buy it and hold it. But dont depend on investors to raise the price, rather it is the pros and cons of bitcoin over fiat that makes it attractive to common users and that leads to gradual organic price rise.

dlightag

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During the bear market is to know the high risk taker in the cryptocurrency space, because it has given opportunity to buy difference type of Alt-coin at a cheaper rates, which many sell off, because of fear of unknown, without thinking twice on how system works, having said that, the current price of Bitcoin is good to buy, which has affected other Alt-coin to invest in, for a future prospect. Therefore without Bear market, wealth we not circulates, is good accumulate as little you can and hold for Bull Run.

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Quote from: Amedon4dpeople on September 02, 2022, 08:08:47 AM

In my own opinion crypto investment just like any other business is not a mare for weaken Hearted follow
Cause it's the time to humble the riches and en-riches the strong minder holders are winners in this space
What do you think will help to help boost the mindset of investors again after all the ordeal?

The investors should see the history of bitcoin and they would know how the market behaves. Having an entry for short at the wrong term can be a suicide act as the market rewards to those who can hold for the long term.

Quote from: mk4 on September 02, 2022, 08:15:17 AM

Nothing? If they cant handle huge and prolonged drawdowns then they shouldn't be investing in bitcoin/crypto/stocks. It's really not my job to convince them.

There are people who invest in bitcoin first time and for them, it is a surprise to see that bitcoin can go down to 70-80% from the all time high. A little bit of counseling might help them as it is not easy to see the portfolio down by 80% with calm.

Detritus

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Quote from: Amedon4dpeople on September 02, 2022, 08:08:47 AM

What do you think will help to help boost the mindset of investors again after all the ordeal?

Investors are bound to know what they are actually investing their money on, they should be prepared to handle losses if encountered, Bitcoin is not just an investment to make today and expect huge returns in a month or two, instead is better not to invest if they are not planning for long term holding.

Wexnident

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You don't have to if there's no compelling reason to do so imo. People will invest if they see something in it and not if they don't see any, it's like a process that the market gets involved in naturally. Even if the market is down the dumps, there will always be people who would see enough of a reason to invest in the market and there'd be people who would naturally sell if they don't see any more purpose in staying. A cycle of numerous people doing that is basically the cycles of bull and bear markets that we experience.

Ziskinberg

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Quote from: Amedon4dpeople on September 02, 2022, 08:08:47 AM

In my own opinion crypto investment just like any other business is not a mare for weaken Hearted follow
Cause it's the time to humble the riches and en-riches the strong minder holders are winners in this space
What do you think will help to help boost the mindset of investors again after all the ordeal?

There is no need to boost investors as their mindset is to continue earning profit. They are not afraid of the risk nor do they feel worried and weaken their hearts despite the losses they may experience as investors will remain an investor as long as they like. They have a strong market determination and they work hard to keep their business running.

Do we think that they were affected by the drops? It is eventually they are not, they are even happy as for them they can accumulate more Bitcoin at a cheaper price.

dimonstration

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Quote from: BitcoinHodler on September 03, 2022, 10:29:46 AM

it is funny when you see some people (in general, not talking about OP) insist that bitcoin can not be used as a currency because its price is too volatile and as soon as the price becomes stable (like the past 3 months) they forget what they said and start complaining about why price is not going up and call the stable price a bear market.

This how crypto jeets always think because they are buying Bitcoin for a quick gain only and nothing more. I never experienced Bitcoin is stable because it never peg its price on a certain price point but since you already brought up Bitcoin currency, Bitcoin is really hard to become a currency because it need to always tie up the value in fiat just to determine it’s price. People need to check the conversion rate first before they assign the item value or transaction amount in BTC to determine the right fiat value since it’s value has no determine price point.

pawanjain

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Quote from: Amedon4dpeople on September 02, 2022, 08:08:47 AM

In my own opinion crypto investment just like any other business is not a mare for weaken Hearted follow
Cause it's the time to humble the riches and en-riches the strong minder holders are winners in this space
What do you think will help to help boost the mindset of investors again after all the ordeal?

There needs to be a strong catalyst for the rise of a bull market again. The upcoming Ethereum merge doesn't seem like a strong catalyst though.
But I hope that it at least creates a spike in the crypto marketcap. We will have to wait for a positive news that will start the next bull market.
Holding strongly is the only way we can support bitcoin price at this time.

BitcoinHodler

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it is funny when you see some people (in general, not talking about OP) insist that bitcoin can not be used as a currency because its price is too volatile and as soon as the price becomes stable (like the past 3 months) they forget what they said and start complaining about why price is not going up and call the stable price a bear market.

CryptoHeadlineNews

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Quote from: Amedon4dpeople on September 02, 2022, 08:08:47 AM

In my own opinion crypto investment just like any other business is not a mare for weaken Hearted follow
Cause it's the time to humble the riches and en-riches the strong minder holders are winners in this space
What do you think will help to help boost the mindset of investors again after all the ordeal?

You can't just be expecting a continuous bull market all the time, because this is one thing all investors should always have in mind to bear the unforseen risk, which is why one of the characteristics of a good investor is patience and his/her ability to handle tough situations to make the right decision wisely in times like this. This period isn't the first time the market is experiencing such tough times of a drastic fall in the price of Bitcoin and later went back to normal after months of price fluotuation, which is actually what will still happen. So the best decision now will be to acquire as much Bitcoin as you can if you have the funds. But always remember to invest an amount you can afford to lose incase the price prediction doesn't go as planned

Leviathan.007

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Exactly just like any other market we need a bearish season for bitcoin and cryptocurrencies to have some people selling their assets and that's how the other people with stronger hands will buy more bitcoin and cryptocurrencies this deal is necessary for any market including bitcoin cryptocurrencies and that's how the price changes and reacts. Otherwise, the price of bitcoin will not be able to rise to higher prices, while weak hands will panic start panic sell stronger people will gather the cheap bitcoins on the market, that's why they get the reward for their patience.

taufik123

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Will not be so bad, it just depends on how we can manage crypto investments well. Bear markets are not always so bad for traders, those who play in Futures trading will be very happy when there is a bearish moment and take advantage of the moment by going short.

People who have held bitcoins for years don't even care about a bull market as it is today, because their target has not been achieved. a bearish or very bearish market is a good opportunity to add to their crypto assets. just have to be patient and take advantage of every opportunity. Every investment will have risks, but behind this risk, there will be many benefits.

Henrobakkara

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Quote from: Amedon4dpeople on September 02, 2022, 08:08:47 AM

In my own opinion crypto investment just like any other business is not a mare for weaken Hearted follow
Cause it's the time to humble the riches and en-riches the strong minder holders are winners in this space
What do you think will help to help boost the mindset of investors again after all the ordeal?

You already said it yourself "en-riches the strong minder holders are winners in this space" if they don't understand that the market has two phases and we are currently experiencing one, the Bear market but need someone to boost their mindset then they are not supposed to be in the space anyways. People keep asking all these funny questions like there was supposed to be some sort of lecture where you put everyone in a room and tell them what to do.

mk4

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Quote from: cryptoaddictchie on September 02, 2022, 10:27:31 AM

If not work out then Im sure there are believer there somewhere in the crypto space. People tend to get sxare when investing on crypto and they should be cause scam is real. But we are talking about bitcoin here decades of exposure and continuous building and development on the network.

Simply put, there's no need to have convincing. if whoever that someone needs convincing to invest in bitcoin, he/she shouldn't invest in bitcoin. Because if you understand it enough you'd invest in it yourself without other people convincing you to.

Quote from: cryptoaddictchie on September 02, 2022, 10:27:31 AM

If no one would believe that btc could be a million worth then I'll stop believing too but for sure not only me (assuming it will happen in thr future - no dates and years)

Well, that's what mostly happens in bear markets — most(obviously not all) stop believing. Does it mean that Bitcoin is dead? Obviously not.

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Quote from: cryptoaddictchie on September 02, 2022, 10:27:31 AM

If not work out then Im sure there are believer there somewhere in the crypto space. People tend to get sxare when investing on crypto and they should be cause scam is real. But we are talking about bitcoin here decades of exposure and continuous building and development on the network. If no one would believe that btc could be a million worth then I'll stop believing too but for sure not only me (assuming it will happen in thr future - no dates and years)

All crypto holders and buyers have different perspectives on how they can make a profit with Bitcoin or crypto holding is one of the best to do since we see every blockhalving the price of Bitcoin increase including altcoins. Since blockhalving is reducing the block rewards if the demand is the same the price of Bitcoin will continue to increase. However, to those who know about blockhalving more people come to buy more Bitcoin because they know the price would increase which leads to demand increase that is why the price of Bitcoin after blockhalving skyrockets.

If you know the history of Bitcoin as you can see it's a cycle and I believe it will happen again but no one knows exactly what will happen to Bitcoin in the future. It might be different however, there is still a big chance that it will happen again and reach the new ATH. The dates and years should start after block halving based on my own analysis.

electronicash

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its not just the bear market. the inflation will dry people up if it continues for another 2 years. mostly the retail invesors relying the cycle of bull runs.

if they sell the fraction of BTC they hold to put food on the table or for gas this winter, then they lose the opportunity when bear is over.

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Investing in cryptos is much easier than starting a business. For a business, you need:
- a business plan (what's it going to be? where and how?);
- initial investment;
- licensing, contracts, most likely employees;
- keeping track of your spendings and profits, hoping that after a few years you start getting to a zero balance and then profit.
For crypto investment, you need to download Electrum and write down your passphrase to a safe place, go on an exchange and purchase Bitcoin with the money you're willing to dedicate to it, withdraw Bitcoin into your Electrum wallet, hodl. Maybe you'll need to pay taxes, but that depends on a country and it's up to you. You hodl and wait for Bitcoin to reach your target price. With business, you also need to run it, so you're investing a lot of your own time into it.
I think that realizing that investing requires a way lower effort might inspire more people to do it.

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Quote from: mk4 on September 02, 2022, 10:20:24 AM

Not really something I'd suggest doing. This could be a good move assuming the people you convince will actually hold the bitcoin for years and years for multiple cycles

If not work out then Im sure there are believer there somewhere in the crypto space. People tend to get sxare when investing on crypto and they should be cause scam is real. But we are talking about bitcoin here decades of exposure and continuous building and development on the network. If no one would believe that btc could be a million worth then I'll stop believing too but for sure not only me (assuming it will happen in thr future - no dates and years)

mk4

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Quote from: cryptoaddictchie on September 02, 2022, 10:16:52 AM

Hmm make them believe that btc would be $1million each anytime in the future. Investors who loses patience on the market will only be attracted again once they saw or see a good profits odn their portfolio. Thats how an investors becomes active on his portfolio when there are gains on their sheet. Now if crypto completely proven or assured a price hike in the future these institutitions are gonna stop the fear and hold their self for a longer and stronger mind againsts fud and uncertainty rtainty of the bear market.

Not really something I'd suggest doing. This could be a good move assuming the people you convince will actually hold the bitcoin for years and years for multiple cycles; because chances are — especially those who don't know anything about investing in general, they'll mostly simply just sell at a loss.

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