Why You should not worry about BTC price action - page 2.

sana54210

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Quote from: tygeade on July 15, 2022, 12:58:02 PM

We are not there at the current stage but when the price becomes like 500k eventually one day, we are not going to have 80% drops and 10x increases anymore. Sure going from 500 to 5k was good, or from 5k to 50k was good, but 500k to 5 million can't happen that’s way too much, and yes 68k to 17k was a big fall, or 20k to 3k that happened back in the day, but you won't have 500k to 60k type of falls.

This shows that the higher we go, the lower volatility will become and that’s what we should be hopeful about. I believe that we should not be worried about volatility at this stage, just focus on long term investment and you will be fine in the future.

This is true even today if you look at the past. There were times when bitcoin moved from 1 dollar or less to suddenly over 30 dollars, that was literally 30x increase and that was back in like 2010 or so if I am not wrong, and that was a big deal, remember in 2011 someone paid 10 thousand bitcoins for like a 20-30 dollar pizza if I am not wrong.

After that, remember in another period where bitcoin moved from like 100-200 dollar levels to 20k dollars in 2017, sure it started the year at 700, which is already a lot if you think about it, another 30x give or take, but it was a bit lesser this time around, hence why volatility dropped. Then we moved from like 10k to 68k, which is nearly 7x if you look at it that way, even if you take it from bottom 4k, that's still less than 30x. So, it is getting lesser and lesser already with the data we have right now.

lixer

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Quote from: wmaurik on July 15, 2022, 06:12:18 AM

Quote from: ireor on July 14, 2022, 12:00:55 PM

I am very optimistic about Bitcoin, but I think we might have a saturation point within few years where the aggressive investors and panic sellers might come together in an equilibrium state and Bitcoin won't be as much volatile against world developments as it is today! We will see much more utilization and realize the true potential of crypto along with the underlying technological asset, the blockchain! Cheesy

The saturation point will certainly exist in everyone with a different profession, but it usually won't last too long because basically they (aggressive investors and panic sellers) also need money for certain purposes which make them have to keep thinking optimistically every day. which they do not have to linger in a saturation because patience is the final key that they must have in conditions like this.

They can last long but they can't last forever. That should what you say there. Yes we all need money because money is important. It is used to buy food and other things that can help our lives improve. It doesn't make sense if one will invest here for a very long time and still has no plans of selling his assets.

The bitcoins that they obtain is only a waste but better if that will be given to those who truly need it and will use it more actively so that it can circulate properly. Nice presentation there btw @OP. This should help the newbies or the newbies at heart to calm down and to not worry because everything can always return to normal.

trendcoin

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Bitcoin is the most reliable method of transferring money from peer to peer. It's also an excellent store of value... On the other hand, there are 8 billion people on Earth. Bitcoin has not been adopted by the masses yet. It is inevitable that it will be accepted by the masses. So, I am absolutely not worried about the price of Bitcoin. Everything is obvious. One day, when the time comes, all the conditions will be ready and Bitcoin will be adopted by the masses. Then we will remember today's Bitcoin price with a smile. :)

Jody.Drummer

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Quote from: wmaurik on July 16, 2022, 02:11:59 AM

Quote from: Gayong88 on July 15, 2022, 07:18:10 AM

The market day is pretty green. In my opinion BTC is a long term investment, basically good and the current price of bitcoin is still more than good enough to spark interest in investment but there are bearish central banks, governments, news of global recession and other negative sentiment so big investors are still waiting and see.

Supposedly if big investors are still quite interested in Bitcoin, then it's a good idea to buy again before the price starts to increase and don't have to wait too long and see news that if it's less important to watch because Bitcoin is basically very good so its future developments will also always clear and good too.

In this case there will certainly be many people who think the same thing as you said but many people still feel confident that Btc will still go down so there are still a lot of people who will continue to wait until the price they really believe is the price even though actually buying at the current price is still worth it, in my opinion, especially for people who often do DCA and are consistent there.

wmaurik

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Quote from: Gayong88 on July 15, 2022, 07:18:10 AM

The market day is pretty green. In my opinion BTC is a long term investment, basically good and the current price of bitcoin is still more than good enough to spark interest in investment but there are bearish central banks, governments, news of global recession and other negative sentiment so big investors are still waiting and see.

Supposedly if big investors are still quite interested in Bitcoin, then it's a good idea to buy again before the price starts to increase and don't have to wait too long and see news that if it's less important to watch because Bitcoin is basically very good so its future developments will also always clear and good too.

Stella Mese

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Indeed, nowadays many people panic about the price of bitcoin, which is falling. And usually they have no experience, so they panic, because they are afraid of going down even further, even though if you look at the graph every year there is always a decline, so those who have long experience in crypto won't be surprised anymore when bitcoin goes down. and I personally see great potential in bitcoin for investment. and not afraid of the bitcoin price. because my estimate in the future bitcoin price will be very much higher.

AndySt

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Quote from: Oasisman on July 15, 2022, 03:17:37 PM

Quote from: Wong Gendheng on July 15, 2022, 08:17:55 AM

Don't worry about the current bitcoin price, I'm sure the market will immediately rise and in 2022 can reach at least $ 50k, now the time to continue to buy and invest, don't panic when the price drops again, it is actually a good opportunity to buy, the facts in the market shows that when the price drops below $ 20K, there is a larger transaction volume and not long then the price will rise again.

Quite optimistic approach. I doubt that. This bear market might continue to dominate for the rest of the year, it might last at least until the start of the next Bitcoin halving. That is where Btc usually hypes up as people are always expecting a bullish movements during and after the halving. This year, Btc might struggle climbing back to $30k, let alone the $50k. That's kinda hard to achieve base on the current market sentiments.

In fact, the summer period usually did not have much time for a course rally and breaking market records, so you should not be too surprised by the current behavior of the bitcoin exchange rate price. I would even say the opposite, that while the price is kept at a decent level, which of course does not mean anything at all. But still, I think that the current price of 20,000 is more or less balanced for the market and by the end of the summer, the departures up and down should be quite short-term and still lead back to this level. And yes, you should always be optimistic, but not unrestrained, because unrestrained optimism usually does not lead to anything good. The whole question is in the timing, yet you don't have to rely too much on the same 30,000 or 50,000 waiting for us over the next few weeks.

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Quote from: Oasisman on July 15, 2022, 03:17:37 PM

Quote from: Wong Gendheng on July 15, 2022, 08:17:55 AM

Don't worry about the current bitcoin price, I'm sure the market will immediately rise and in 2022 can reach at least $ 50k, now the time to continue to buy and invest, don't panic when the price drops again, it is actually a good opportunity to buy, the facts in the market shows that when the price drops below $ 20K, there is a larger transaction volume and not long then the price will rise again.

Quite optimistic approach. I doubt that.
This bear market might continue to dominate for the rest of the year, it might last at least until the start of the next Bitcoin halving. That is where Btc usually hypes up as people are always expecting a bullish movements during and after the halving.
This year, Btc might struggle climbing back to $30k, let alone the $50k. That's kinda hard to achieve base on the current market sentiments.

Taking the long ride might be the best approach in terms of aiming for decent benefits. We don't know if what the market will bring us

but if your goal is to earn profits, waiting time needs to be extended. With the current market condition, the chance of seeing more low is

very possible. You need to work on your patience and try not to be shaken if you see more downfall. Rather, to take it as an opportunity to

hold more asset.

Oasisman

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Quote from: Wong Gendheng on July 15, 2022, 08:17:55 AM

Don't worry about the current bitcoin price, I'm sure the market will immediately rise and in 2022 can reach at least $ 50k, now the time to continue to buy and invest, don't panic when the price drops again, it is actually a good opportunity to buy, the facts in the market shows that when the price drops below $ 20K, there is a larger transaction volume and not long then the price will rise again.

Quite optimistic approach. I doubt that.
This bear market might continue to dominate for the rest of the year, it might last at least until the start of the next Bitcoin halving. That is where Btc usually hypes up as people are always expecting a bullish movements during and after the halving.
This year, Btc might struggle climbing back to $30k, let alone the $50k. That's kinda hard to achieve base on the current market sentiments.

0verseer

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Quote from: Wong Gendheng on July 15, 2022, 08:17:55 AM

Don't worry about the current bitcoin price, I'm sure the market will immediately rise and in 2022 can reach at least $ 50k, now the time to continue to buy and invest, don't panic when the price drops again, it is actually a good opportunity to buy, the facts in the market shows that when the price drops below $ 20K, there is a larger transaction volume and not long then the price will rise again.

Doubt, I'm sure it will rise back but not at any time for the rest of this year, that for at least. As many have said, BTC has become quite normal to the public and linked to the market around the world. We won't see BTC rise when the whole world was in a recession. Nope, this isn't like the old days anymore. The ATH of BTC seems very similar to the tech stocks that also have a massive rally last year and now lost quite a lot of value, again very similar. What we can expect is crypto has more volatility than stock but this also lessen as cryptos integrate more into the economy.

tygeade

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Quote from: ireor on July 14, 2022, 12:00:55 PM

I am very optimistic about Bitcoin, but I think we might have a saturation point within few years where the aggressive investors and panic sellers might come together in an equilibrium state and Bitcoin won't be as much volatile against world developments as it is today! We will see much more utilization and realize the true potential of crypto along with the underlying technological asset, the blockchain! Cheesy

I agree that volatility will get lower and lower. We are not there at the current stage but when the price becomes like 500k eventually one day, we are not going to have 80% drops and 10x increases anymore. Sure going from 500 to 5k was good, or from 5k to 50k was good, but 500k to 5 million can't happen that’s way too much, and yes 68k to 17k was a big fall, or 20k to 3k that happened back in the day, but you won't have 500k to 60k type of falls.

This shows that the higher we go, the lower volatility will become and that’s what we should be hopeful about. I believe that we should not be worried about volatility at this stage, just focus on long term investment and you will be fine in the future.

Wong Gendheng

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Don't worry about the current bitcoin price, I'm sure the market will immediately rise and in 2022 can reach at least $ 50k, now the time to continue to buy and invest, don't panic when the price drops again, it is actually a good opportunity to buy, the facts in the market shows that when the price drops below $ 20K, there is a larger transaction volume and not long then the price will rise again.

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Quote from: Semar Mesem on July 15, 2022, 07:07:35 AM

Why should you worry? we have known bitcoin for a long time, and I know bitcoin since 2014 when it was often a trending topic because the price skyrocketed thousands of percent in 2013 then dropped significantly in 2014, and many analysts continue to attack bitcoin because they think that bitcoin will not rise again.

I think OP is only new in the market and not to wonder being surprised in a situation like this. As we can see, experienced people could certainly understand the market volatility, and the ups and downs. However, this couldn't assure us that we don't feel such a thing as sometimes it does especially if we are attached to social media. Hearing negative feedbacks and speculation could also influence us but we tend to remain calm and we deal with this feeling.

Gayong88

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The market day is pretty green. In my opinion BTC is a long term investment, basically good and the current price of bitcoin is still more than good enough to spark interest in investment but there are bearish central banks, governments, news of global recession and other negative sentiment so big investors are still waiting and see.

Semar Mesem

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Why should you worry? we have known bitcoin for a long time, and I know bitcoin since 2014 when it was often a trending topic because the price skyrocketed thousands of percent in 2013 then dropped significantly in 2014, and many analysts continue to attack bitcoin because they think that bitcoin will not rise again.

wmaurik

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Quote from: ireor on July 14, 2022, 12:00:55 PM

I am very optimistic about Bitcoin, but I think we might have a saturation point within few years where the aggressive investors and panic sellers might come together in an equilibrium state and Bitcoin won't be as much volatile against world developments as it is today! We will see much more utilization and realize the true potential of crypto along with the underlying technological asset, the blockchain! Cheesy

The saturation point will certainly exist in everyone with a different profession, but it usually won't last too long because basically they (aggressive investors and panic sellers) also need money for certain purposes which make them have to keep thinking optimistically every day. which they do not have to linger in a saturation because patience is the final key that they must have in conditions like this.

ireor

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I am very optimistic about Bitcoin, but I think we might have a saturation point within few years where the aggressive investors and panic sellers might come together in an equilibrium state and Bitcoin won't be as much volatile against world developments as it is today! We will see much more utilization and realize the true potential of crypto along with the underlying technological asset, the blockchain! Cheesy

BuNga_cute

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Quote from: TelolettOm on July 13, 2022, 07:50:10 PM

Yes indeed, one of the reasons why I must not worry about this current Bitcoin price condition is that of the history of Bitcoin price itself, the cycle of the bearish and bullish periods. This is always happening and around us, right? We may now face the down market of BTC. But we know and trust how worthy and valuable Bitcoin is. It is only a matter of time of the cycle. Once the bearish market end, Bitcoin will just wiatfor litle bit moment to rise up and reach the revous ATH again. ALthough the price is still seculative, but most of us agree that Bitcoin will then [ump again after the bearish market is ended.

It is true to further convince us that the price of Bitcoin will recover again, we can study the history of Bitcoin movement. From there we will know
Bitcoin has been dumped not once, but several times the price of Bitcoin dumped, but interestingly how deep the price of Bitcoin falls, surely Bitcoin
will always recover again. Therefore we do not need to panic and worry about what is happening to the Bitcoin price today. If there are people who
still doubt the future of Bitcoin, I am very sure that person has not learned Bitcoin from a trusted source. Because if we learn about the crypto
world correctly and from trusted sources, we will definitely be optimistic that Bitcoin will recover soon. Therefore, instead of worrying about when
Bitcoin will recover, we better focus on collecting as much Bitcoin as possible. So if it turns out that Bitcoin suddenly recovers we can make a big profit.

South Park

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Quote from: gunhell16 on July 13, 2022, 11:38:20 PM

Honestly, there is really nothing to worry about with the volatile price of Bitcoin in this industry. There really is a harvest season and a drought season, just like what happens here in the world of the Bitcoin industry there is a Bull and Bear market season. By this time anyone here has had the opportunity to buy and sell correctly no matter how much Bitcoin they hold. Then this is really the cycle or ecosystem of this world of digital currency.

It is a nice analogy, just as there are different seasons when it comes to the weather the same happens to the market, however that does not stop people from wishing that it was always sunny and to even believe such a thing is even possible, and that is when people get in trouble, I think we can enjoy a bull market due to the massive profits we can get with it but that also means that we need to always be on or guard, as the more incredible the bull market then the greater the crash that we will get to see which is brought by the bear market.

gunhell16

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Honestly, there is really nothing to worry about with the volatile price of Bitcoin in this industry. There really is a harvest season and a drought season, just like what happens here in the world of the Bitcoin industry there is a Bull and Bear market season. By this time anyone here has had the opportunity to buy and sell correctly no matter how much Bitcoin they hold. Then this is really the cycle or ecosystem of this world of digital currency.

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