Why is everyone expecting continuous growth? - page 4.

DoublerHunter

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Quote from: maxig.boroday on April 06, 2020, 10:55:47 AM

Just like internet or technology, it didnt have a fast adoption so cryptocurrency or blockchain wills urely continue to grow

Doubtful reason.
The fact that the cryptocurrency does not have the ability to quickly adapt (or we have not yet found such opportunities) is rather a constraining factor for growth, which means that it somehow indirectly affects the fall.

^ But cryptocurrency's status now is on mainstream and probably adoption was already there but one barrier is the government. This is not fully regulated by them it means it will remain there. People expecting continues growth just because of greed, they want to see always green on the market. They never know that volatility will work either pump or dump situation. Nevertheless, I won't agree on continuous growth, if that happens, many people will always sell their Bitcoin without buying and I am afraid it will become failure to crypto.

posi

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Quote from: Sanugarid on April 07, 2020, 12:10:36 PM

Quote from: South Park on April 07, 2020, 12:04:14 PM

Quote from: perfect999 on April 03, 2020, 04:12:02 AM

I think there was a moment when bitcoin and crypto was known as "OH MY GOD I BECAME MILLIONAIRE THANKS TO BITCOIN" era, and that wasn't a lie, some people went into bitcoin when it was few cents and they became millionaires, there are a lot of rich people who became rich because they spend few hundred on bitcoin at the right time, but that doesn't mean you will too.

A lot of people saw that, came in during 2017 and they saw the huge increase, and they imagined they would go in a bit and come out like a proper rich person. Of course, they were wrong and many of them lost money so they are bummed about it. They are still looking for bitcoin to continuously go up constantly without dropping so they can become rich like they imagined they would be, without learning that was a one time thing and they are too late.

While you are right in your statements I do not think the era in which you could become rich with bitcoin is over, the difference is that now you actually need some capital and you need to wait for a longer period of time, just recently bitcoin dropped below 4k, is it really that difficult to imagine that bitcoin could go up in value 10x and reach 40k during the next decade? To me it is a given that will happen at some point during that time frame which means that anyone that invested a significant amount of capital could easily get enormous returns by just holding their coins.

Well we can't prevent anyone from thinking and expecting that bitcoin would come to moon since it already got there once way back in 2017, let us just wait for them to realize how things can't speed up and plans should be made. I don't remember seeing bitcoin below $4K this year, where did you get this info? Or you just might mistaken converted it to your local currency, however if bitcoin will fall way lower than $6K and let us say that $4K then it will be a blast for bitcoin because every one speculates at that range to be the start of bull run.

Yes we cant prevent people from expecting the price of bitcoin to always experiencing continuous stream in price but people need to be realistic in other for them not to push themselves into lost making because they need to totally understand the volatile in nature part of Bitcoin.

South Park

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Quote from: Sanugarid on April 07, 2020, 12:10:36 PM

Quote from: South Park on April 07, 2020, 12:04:14 PM

While you are right in your statements I do not think the era in which you could become rich with bitcoin is over, the difference is that now you actually need some capital and you need to wait for a longer period of time, just recently bitcoin dropped below 4k, is it really that difficult to imagine that bitcoin could go up in value 10x and reach 40k during the next decade? To me it is a given that will happen at some point during that time frame which means that anyone that invested a significant amount of capital could easily get enormous returns by just holding their coins.

Well we can't prevent anyone from thinking and expecting that bitcoin would come to moon since it already got there once way back in 2017, let us just wait for them to realize how things can't speed up and plans should be made. I don't remember seeing bitcoin below $4K this year, where did you get this info? Or you just might mistaken converted it to your local currency, however if bitcoin will fall way lower than $6K and let us say that $4K then it will be a blast for bitcoin because every one speculates at that range to be the start of bull run.

This happened at March 13 2020, the price touched a low of 3858 at Coinbase and recovered almost 1800 dollars the very same day to close at 5637.60, this is data that I got from TradingView and you can verify it if you feel like it, as you can see even if the window of opportunity to buy bitcoin at that price was short it was there for the smart trader to take and it was an absolute steal and anyone that got in at that price will most likely get incredible profits by just holding his coins.

ViralNation

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Quote from: kynaz on April 12, 2020, 06:49:06 AM

Quote from: Emitdama on April 11, 2020, 04:29:28 PM

Those who talk about continuous growth are people who don’t understand anything about cryptocurrency or even the stock market , they know nothing about investment, because if they really do, they will understand that there are different types of investment and there are times markets crash and investors lose money. Investment carries risk, even though the level of risks varies.

You have to know what you’re investing in, and the level of risk you’re able to take, without that you’re going to be making a mistake and losing your money.

The market doesn't always grow the way many investors think because the crypto market is very volatile and investor sentiment can be affected if bad news comes out. In the past the market has never grown for a long time and after every price increase there will be huge adjustments. I think this year will be the same as the previous years so please think many times before deciding to invest.

Nope you are wrong.

Look at coins like Creditcoin. It has showed continuous growth since listing on Bittrex in January. Team continues to list on new exchanges (OKEX recently), and the coin was invested in by Brian Armstrong of Coinbase along with Y combinator. Only positive news coming out too. That is why price continues to increase without adjustments, so you are WRONG>

Wexnident

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Well most traders hope for what suits them the best. Not only traders tbh, most people hope for what is best for them, hence, they talk more about what they want to happen, what they want to do, and not what they don't want to happen to them. That's why there are sayings and talks about how reality hits you hard, the reality is not a joke, the workforce is the difference from what a school is kinda thing. And well, I don't blame them tbh. Still, it that doesn't really mean that we only expect growth. A lot of people also expect when downs are going to happen, because it's a chance after all. A chance to invest, enter, and the like so expectations are more like them aligning stuff in their plans. But that doesn't mean the plan has nothing like going down or not. It's just they want that to happen.

perfect999

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There are also people who literally take advantage of the drops and nobody aside from them really considers it as such. Think about it, there are people who either buy from lower prices when the price bottoms and I can understand that, that is not bad at all, but there are also now people who short futures and make profit when the price goes down.

So right now, bitcoin is not something that you can profit by just "buy btc and hodl" type of situation, you can make money from insane amount of different ways, from going down from going up, leverage no leverage, scalping, spread trading, margins, basically there is a million way to make a profit, so if you are thinking the only way for us to make money is to actually go up, you are very wrong and many people profit from ways you don't consider.

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Quote from: Emitdama on April 11, 2020, 04:29:28 PM

Those who talk about continuous growth are people who don’t understand anything about cryptocurrency or even the stock market , they know nothing about investment, because if they really do, they will understand that there are different types of investment and there are times markets crash and investors lose money. Investment carries risk, even though the level of risks varies.

You have to know what you’re investing in, and the level of risk you’re able to take, without that you’re going to be making a mistake and losing your money.

The market doesn't always grow the way many investors think because the crypto market is very volatile and investor sentiment can be affected if bad news comes out. In the past the market has never grown for a long time and after every price increase there will be huge adjustments. I think this year will be the same as the previous years so please think many times before deciding to invest.

Shasha80

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Everyone expects continuous growth is a very natural thing, because to be better everything requires a process of growth. Including
cryptocurrency will definitely experience continuous growth, we as cryptocurrency investors can certainly get benefits if cryptocurrency
continues to grow. But that does not mean the price of cryptocurrency must continue to rise in order to develop, sometimes the market
is indeed needed to go down.So that we can buy coins at low prices. So in conclusion, in order for continuous growth, there must be ups
and downs in price so that there is a balance on the market.

Emitdama

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Those who talk about continuous growth are people who don’t understand anything about cryptocurrency or even the stock market , they know nothing about investment, because if they really do, they will understand that there are different types of investment and there are times markets crash and investors lose money. Investment carries risk, even though the level of risks varies.

You have to know what you’re investing in, and the level of risk you’re able to take, without that you’re going to be making a mistake and losing your money.

ViralNation

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https://i.imgur.com/ZKRjcfy.png

Heres an example of a coin that is experiencing continuous growth.

its completely possible and again depends on the structure of the project, who the investors are, and the activity of the team. (marketing, listing on new excvhanges, exploring new markets)

BlackFor3st

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Quote from: CristianOff on March 09, 2020, 05:01:40 PM

I don't know if it's only my perception but I constantly notice people who expect continuous growth. Whether it is bitcoin, crypto,
stock, they only see one side of things and never the opposite.

Yes, things go up but they can go down, and going down does not mean the stock/crypto is dying. It means it is alive!
So please stop all these recession & bitcoin going down topics and be wise

You are right but most of the people are looking for the positive side instead of negative side in order to maintain their trust in their assets especially to newbie investors who are not yet familiar on how the market works. But for the professional investors, they already know it but they were able to gasp to the situation and use it to their advantage.

I like your statement that "If there are no ups and downs in our life. It means we are dead ", yes you are right we can use this statement to compare to stocks and crypto assets but in crypto world it is not that solid yet in terms of it's foundation as it is still new compare to stocks therefore we need to market it in it's positive way and not the negative one so we can gather more investors that will push the market price upward steadily.

Natalim

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Those who expect a continues group does not fully understand how adoption works.
As this market is still new, we can't expect a continues growth and crypto are speculative asset so people are betting on it, there are people who like the price to dump while there are people who like the price to pump, that way the price being volatile will give them more opportunity to trade.

If we like to see a continues growth, maybe that would happen when there is already a full adoption.

posi

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Quote from: nelson4lov on April 08, 2020, 06:07:11 PM

Quote from: hahay on April 07, 2020, 06:50:36 PM

I think there is no harm in expecting continuous growth
~Snipped ✂ ~

You're wrong. So much can go bad for always expecting good things to happen. In 2017, when the crypto markets was hitting peak after peak, most investors (ICOs then) and traders had thought that the market would continue trending up and at such, they didn't take measures to lock it profits. Shortly afterwards, The market dived and kept diving. People still felt that the market would immediately resume its upward trend but then, it continue.

In the trading world, it's not good to expect everyday to be a green day. A lot can go wrong.

I'm in support of what you said because every successful business was said to accept debt at some point in other to strengthen the uptrend movement and with the cryptocurrency market being volatile in nature, no one should expect the market to always posse surge in price. Despite the market been known for it volatility i price movement, we can't use the previous year market to judge this year's market but the market will experience some dump in price before halving.

nelson4lov

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Quote from: hahay on April 07, 2020, 06:50:36 PM

I think there is no harm in expecting continuous growth
~Snipped ✂ ~

You're wrong. So much can go bad for always expecting good things to happen. In 2017, when the crypto markets was hitting peak after peak, most investors (ICOs then) and traders had thought that the market would continue trending up and at such, they didn't take measures to lock it profits. Shortly afterwards, The market dived and kept diving. People still felt that the market would immediately resume its upward trend but then, it continue.

In the trading world, it's not good to expect everyday to be a green day. A lot can go wrong.

hahay

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I think there is no harm in expecting continuous growth because it can be a trigger for our enthusiasm and will remain confident to buy and also, when they realize that the decline is real and will definitely happen then at least they don't really only look at one side, because in reality they are also still accepting the decline and not being panic selling is proof if they have a broad view that believes prices will surely recover.

Kelvinid

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Quote from: thesmallgod on April 07, 2020, 04:06:04 PM

That is because they want consistent profit and not going back to the drawing board. Also when bitcoin grow continuous, it give hope and bring about media attention that might makes more people to start investing in crypto. This is the reason why no one want the price to fall because when it happens, the result is bad

Because in our mindset we think that the market will never end but have to keep soaring high as what it is shown by its market history since from the start.
From $1 to what it has today, it is already in a big jump every year. Last 2017, it is the highest peak of crypto and it hit the market that caught a global attention and that thing makes people think that crypto especially Bitcoin is a good investment than of real stock market.

thesmallgod

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That is because they want consistent profit and not going back to the drawing board. Also when bitcoin grow continuous, it give hope and bring about media attention that might makes more people to start investing in crypto. This is the reason why no one want the price to fall because when it happens, the result is bad

LbtalkL

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Who does not want continuous growth? Everyone hope for it to happen continuous growth means continuous profit, As simple as that, It is normal for crypto to go down or up, Traders cannot gain profit if there is no change in price. Last Bullrun if I am not mistaken there is continuous growth for 3 months correct me if I'm wrong and then it went down again that is how crypto trading works.

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Quote from: South Park on April 07, 2020, 12:04:14 PM

Quote from: perfect999 on April 03, 2020, 04:12:02 AM

I think there was a moment when bitcoin and crypto was known as "OH MY GOD I BECAME MILLIONAIRE THANKS TO BITCOIN" era, and that wasn't a lie, some people went into bitcoin when it was few cents and they became millionaires, there are a lot of rich people who became rich because they spend few hundred on bitcoin at the right time, but that doesn't mean you will too.

A lot of people saw that, came in during 2017 and they saw the huge increase, and they imagined they would go in a bit and come out like a proper rich person. Of course, they were wrong and many of them lost money so they are bummed about it. They are still looking for bitcoin to continuously go up constantly without dropping so they can become rich like they imagined they would be, without learning that was a one time thing and they are too late.

While you are right in your statements I do not think the era in which you could become rich with bitcoin is over, the difference is that now you actually need some capital and you need to wait for a longer period of time, just recently bitcoin dropped below 4k, is it really that difficult to imagine that bitcoin could go up in value 10x and reach 40k during the next decade? To me it is a given that will happen at some point during that time frame which means that anyone that invested a significant amount of capital could easily get enormous returns by just holding their coins.

Well we can't prevent anyone from thinking and expecting that bitcoin would come to moon since it already got there once way back in 2017, let us just wait for them to realize how things can't speed up and plans should be made. I don't remember seeing bitcoin below $4K this year, where did you get this info? Or you just might mistaken converted it to your local currency, however if bitcoin will fall way lower than $6K and let us say that $4K then it will be a blast for bitcoin because every one speculates at that range to be the start of bull run.

South Park

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Quote from: perfect999 on April 03, 2020, 04:12:02 AM

I think there was a moment when bitcoin and crypto was known as "OH MY GOD I BECAME MILLIONAIRE THANKS TO BITCOIN" era, and that wasn't a lie, some people went into bitcoin when it was few cents and they became millionaires, there are a lot of rich people who became rich because they spend few hundred on bitcoin at the right time, but that doesn't mean you will too.

A lot of people saw that, came in during 2017 and they saw the huge increase, and they imagined they would go in a bit and come out like a proper rich person. Of course, they were wrong and many of them lost money so they are bummed about it. They are still looking for bitcoin to continuously go up constantly without dropping so they can become rich like they imagined they would be, without learning that was a one time thing and they are too late.

While you are right in your statements I do not think the era in which you could become rich with bitcoin is over, the difference is that now you actually need some capital and you need to wait for a longer period of time, just recently bitcoin dropped below 4k, is it really that difficult to imagine that bitcoin could go up in value 10x and reach 40k during the next decade? To me it is a given that will happen at some point during that time frame which means that anyone that invested a significant amount of capital could easily get enormous returns by just holding their coins.

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