Topic: Why You should not worry about BTC price action - page 4. (Read 738 times)
The current value is slightly low for bitcoin, yes i am aware of that. But this does not worry me. I think that the rise will start gradually at the end of 2023. In 2024, we will see a new record value. Bitcoin will be worth more than $100k this time.
Yeah, it is good to zoom out. Especially in the middle of a bear market, it is best to take a couple of steps back and look at the bigger picture. This isn't the first time. This won't be the last either. This isn't the worst. Things could get worse from here. But the fact is that recovery always happens.
However extreme the bear market is, there will always be a rebound at some point. So there's nothing to really worry about except if you buy Bitcoin and are planning to keep it for a year with the hope that you're already made rich within that period.
However extreme the bear market is, there will always be a rebound at some point. So there's nothing to really worry about except if you buy Bitcoin and are planning to keep it for a year with the hope that you're already made rich within that period.
The only true thing to really worry about is getting bitcoin at the best price, aka buying the dip, as the price action will take care of itself. It is fairly hard to time the market with precise, pinpoint accuracy and probably best to spread out some limit orders.
Good chart, good analysis, bad title 
I think / hope that you've meant "why you should NOT worry...". Everything points to the direction that we should NOT be worried (well, everything except the title lol)
I think / hope that you've meant "why you should NOT worry...". Everything points to the direction that we should NOT be worried (well, everything except the title lol)
Hahaha you're right! But to be honest, it is entirely normal for someone to worry about their investments especially if they contributed thousands to millions of dollars as their capital. This means that the slightest increase/decrease on the price of BTC would mean a profit/loss of thousands on their end.
While not worrying may sound easier said than done, the only choice that we have right now is to trust and HODL. In addition, always have a contingency plan on your investments on determining the maximum amount of loss you could garner.
If you are experienced enough with the trading,you will not look into this.Because the price of bitcoin is based on the halves.It’s essential to hold till the next halves,which is 2024.It may be seems very longer.But the important one is holding.Many people losing their money by just selling then and their.Don’t get any panic,when the market was in the negative side.Panic seller will loss the money for all the time,as compared to new traders.
From the graph, it shows that in 2010 from a low of $0.09, it rose to $26.90 by 2.960%. fast forward to 2014-2015, we experienced a price dipping from a high of $1,238 to $687.50 then to $315.21.
Bitcoin holders experienced surplus in the period of 2016- 2021. In October of 2021, it climbed to an all time high of $68.991k but slumped to $49,243k in Nov of the same year.
Coming to 2022, we've had series of price fluctuations with recent lows of $17,700k. This is not the first time BTC slump is experienced in the market; so if there was a massive spike in 2013, 2019 and 2021, then possibly we should expect a price rocketing soon and this time it will be above $100k.https://bitcoinmagazine.com/culture/bitcoin-price-action-does-matter
Bitcoin holders experienced surplus in the period of 2016- 2021. In October of 2021, it climbed to an all time high of $68.991k but slumped to $49,243k in Nov of the same year.
Coming to 2022, we've had series of price fluctuations with recent lows of $17,700k. This is not the first time BTC slump is experienced in the market; so if there was a massive spike in 2013, 2019 and 2021, then possibly we should expect a price rocketing soon and this time it will be above $100k.https://bitcoinmagazine.com/culture/bitcoin-price-action-does-matter
Good chart, good analysis, bad title
I think / hope that you've meant "why you should NOT worry...". Everything points to the direction that we should NOT be worried (well, everything except the title lol)
Hahaha you're right! But to be honest, it is entirely normal for someone to worry about their investments especially if they contributed thousands to millions of dollars as their capital. This means that the slightest increase/decrease on the price of BTC would mean a profit/loss of thousands on their end.
While not worrying may sound easier said than done, the only choice that we have right now is to trust and HODL. In addition, always have a contingency plan on your investments on determining the maximum amount of loss you could garner.
What if I said that a certain single entity was responsible for more than 80% of US stock market price trends from the economic crisis in 2008, to the present. And that this same entity could be responsible for as much as 90% of negative bitcoin price movement in 2022.
I don't think people would know or care if it was true. Most don't take the time to recognize or quantify price trends.
There is reason to be concerned over price movement in 2022. I think most of the credible sources recognize the 2022 downtrend in BTC is different from the bust cycles of previous years.
I have seen many acknowledge the interesting trend of many media sources suddenly spamming anti crypto content to coincide with price declines. Sam Bankman-Fried even went so far as to name the biggest trading partner who is behind our recent decline.
I don't think people would know or care if it was true. Most don't take the time to recognize or quantify price trends.
There is reason to be concerned over price movement in 2022. I think most of the credible sources recognize the 2022 downtrend in BTC is different from the bust cycles of previous years.
I have seen many acknowledge the interesting trend of many media sources suddenly spamming anti crypto content to coincide with price declines. Sam Bankman-Fried even went so far as to name the biggest trading partner who is behind our recent decline.
Really depends on how you look at it, so seeing the price today like -70% or even if it gets worst like -80%, it will really shake the market and some of us really know that when there are people who think that bitcoin is dead, then that is the right time to buy. So prices like $10k-$13k might be final capitulation, so I'm going to wait for it. And so with that huge dump might equate to huge pump in the future.
I don't think people that have been long in Cryptocurrency will panic about the current dump that's happening in crypto space, the only people that should panic are the newbies that haven't experienced bear market before and I will advise them to just be calm and hold their coin and if they are having extral money, they should bag more coin, we will be experiencing bull run soon but I can't really say when the bull run will come but I believe soon it will happen, so the best thing we should do is to bag coin and wait for d bull run.
A good way to make the old supporters remember and for the new ones to learn. If you are just looking at a chart one year ago it won't be enhanced like this.
I have no worries because I never forget. Even at my age, it's still fresh for me what happened back on those years. A decade ago.
Not the exact numbers though but the broad amount of change in its price which made a lot of investors panic and some optimistic that it's a chance for entry. This could also be the same as those.
History will always repeat itself, this is why many still believes on Bitcoin and many still choose to hold because bear market will end soon and slowly, the price will recover. You should only be worry if you miss buying on a cheaper price, I personally see bear market as an opportunity because in long term time frame, Bitcoin is still doing good and the future is still bright, better to take some sacrifices now. I have no worries because I never forget. Even at my age, it's still fresh for me what happened back on those years. A decade ago.
Not the exact numbers though but the broad amount of change in its price which made a lot of investors panic and some optimistic that it's a chance for entry. This could also be the same as those.
A good way to make the old supporters remember and for the new ones to learn. If you are just looking at a chart one year ago it won't be enhanced like this.
I have no worries because I never forget. Even at my age, it's still fresh for me what happened back on those years. A decade ago.
Not the exact numbers though but the broad amount of change in its price which made a lot of investors panic and some optimistic that it's a chance for entry. This could also be the same as those.
I agree that when you look back on it that much, you know how it is going to be. I have been in crypto for many years now and I can easily say that it is not going to be that difficult to find a way to get it better. I know that it hasn't been great for a while now, but I have passed through other not so great times before and I can easily say that it wasn't that difficult to wait it out.I have no worries because I never forget. Even at my age, it's still fresh for me what happened back on those years. A decade ago.
Not the exact numbers though but the broad amount of change in its price which made a lot of investors panic and some optimistic that it's a chance for entry. This could also be the same as those.
Like 2018 for example, it is famous for being terrible and it crashed hard and everyone felt terrible, well 2015 was the same but not many people remember that year, because most people weren't here back then, but 2015 sucked as well, then 2018 did too, and now 2022 is doing the same, I guess that it will happen again. But, they all recover, always.
A good way to make the old supporters remember and for the new ones to learn. If you are just looking at a chart one year ago it won't be enhanced like this.
I have no worries because I never forget. Even at my age, it's still fresh for me what happened back on those years. A decade ago.
Not the exact numbers though but the broad amount of change in its price which made a lot of investors panic and some optimistic that it's a chance for entry. This could also be the same as those.
I have no worries because I never forget. Even at my age, it's still fresh for me what happened back on those years. A decade ago.
Not the exact numbers though but the broad amount of change in its price which made a lot of investors panic and some optimistic that it's a chance for entry. This could also be the same as those.
From the graph, it shows that in 2010 from a low of $0.09, it rose to $26.90 by 2.960%. fast forward to 2014-2015, we experienced a price dipping from a high of $1,238 to $687.50 then to $315.21.
Bitcoin holders experienced surplus in the period of 2016- 2021. In October of 2021, it climbed to an all time high of $68.991k but slumped to $49,243k in Nov of the same year.
Coming to 2022, we've had series of price fluctuations with recent lows of $17,700k. This is not the first time BTC slump is experienced in the market; so if there was a massive spike in 2013, 2019 and 2021, then possibly we should expect a price rocketing soon and this time it will be above $100k.https://bitcoinmagazine.com/culture/bitcoin-price-action-does-matter
Thanks for this summary dude, but in 2014-2015 the price of Bitcoin during this period was 180$-200$, then the rest are fine and correct. I also know that the majority of the community are expecting bitcoin will spike its price value once more in the near future. Maybe a lot of them are really expecting to reavh Bitcoin at the price between 100k$-200k$.
Bitcoin slumped hard when there are groundbreaking news like big exchange was hacked and lost billions of usd in btc,but it still recover after a few year.It proves that people still trust in bitcoin and will not leave it for the time being.That's why you should not worry,as long as there are no big bad news,it's all good.
The price history of Bitcoin says it all. The price can fall but in certain time it will recover. Though it might take years before it can happen but eventually that moment will occur. Thus we dont need to worry if the current price is not what we expected it to be. If you believe the history can repeat itself then be firm to hold and take a break from monitoring the price.
If you want to gain from your investment, you need to control yourself not to be affected by FUD. Keep in mind that this situation is temporary and can change anytime.
If you want to gain from your investment, you need to control yourself not to be affected by FUD. Keep in mind that this situation is temporary and can change anytime.
I'm worried and not worried at the same time. I believe in bitcoin so I'm not worried about corrections. I know in the end there will be a halving and then another halving and bitcoin will still be here 2 halvings from now, worth more than today.
I'm worried because I can see a lot of manipulation and influence from central banks and governments. I also see price go down week after week with no bounce which is a new thing even for bitcoin. This crash is very strong. Stronger than 2018 and 2014. Most red weeks in a row ever, price below mining profitability, and all this happened in just a few months.
I think you shouldn't be worried about the situation in the sense that it is not really that shocking for manipulators to try to do their best. I personally believe that if we could do anything, then we should do it and keep it going. However, if manipulators are tricking someone and there is nothing you can do about it, then do not worry about it, it is not your problem at all.I'm worried because I can see a lot of manipulation and influence from central banks and governments. I also see price go down week after week with no bounce which is a new thing even for bitcoin. This crash is very strong. Stronger than 2018 and 2014. Most red weeks in a row ever, price below mining profitability, and all this happened in just a few months.
I know that there are some people who will try to do the best they could, and they have been warning everyone about these manipulations and speculations and be careful, but if people decide to ignore that and instead believe the manipulators, then there isn't anything you could do about it.
In short, mind your own business. Because if you will get involved in other stuffs, you may forget about your goals.
The manipulators or similar individuals will do these kind of things, but remember they don't care about your portfolio.
Follow your goals, and assess the situation logically. The fud will always be there but you should know your targets.
From the graph, it shows that in 2010 from a low of $0.09, it rose to $26.90 by 2.960%. fast forward to 2014-2015, we experienced a price dipping from a high of $1,238 to $687.50 then to $315.21.
Bitcoin holders experienced surplus in the period of 2016- 2021. In October of 2021, it climbed to an all time high of $68.991k but slumped to $49,243k in Nov of the same year.
Coming to 2022, we've had series of price fluctuations with recent lows of $17,700k. This is not the first time BTC slump is experienced in the market; so if there was a massive spike in 2013, 2019 and 2021, then possibly we should expect a price rocketing soon and this time it will be above $100k.https://bitcoinmagazine.com/culture/bitcoin-price-action-does-matter
I'm worried and not worried at the same time. I believe in bitcoin so I'm not worried about corrections. I know in the end there will be a halving and then another halving and bitcoin will still be here 2 halvings from now, worth more than today.
I'm worried because I can see a lot of manipulation and influence from central banks and governments. I also see price go down week after week with no bounce which is a new thing even for bitcoin. This crash is very strong. Stronger than 2018 and 2014. Most red weeks in a row ever, price below mining profitability, and all this happened in just a few months.
I think you shouldn't be worried about the situation in the sense that it is not really that shocking for manipulators to try to do their best. I personally believe that if we could do anything, then we should do it and keep it going. However, if manipulators are tricking someone and there is nothing you can do about it, then do not worry about it, it is not your problem at all.I'm worried because I can see a lot of manipulation and influence from central banks and governments. I also see price go down week after week with no bounce which is a new thing even for bitcoin. This crash is very strong. Stronger than 2018 and 2014. Most red weeks in a row ever, price below mining profitability, and all this happened in just a few months.
I know that there are some people who will try to do the best they could, and they have been warning everyone about these manipulations and speculations and be careful, but if people decide to ignore that and instead believe the manipulators, then there isn't anything you could do about it.
Whenever Bitcoin will be above $100k, we are always ready to welcome that price. Although it is not known for sure what year the peak was, all believed that that day would come. From a simple graph it has been evident that Bitcoin clarifies many people's concerns about uncertainty. So don't be surprised like the thread that Mr. Ratimov said about "The journey of Bitcoin Goldman Sachs" anyone will experience a change in perspective. When Bitcoin critics start to fade the argument means you have to be prepared for adoption in unexpected directions.
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Coming to 2022, we've had series of price fluctuations with recent lows of $17,700k. This is not the first time BTC slump is experienced in the market;
Did you know that June 2022 for the first time saw the highest BTC price drop in Crypto history?Coming to 2022, we've had series of price fluctuations with recent lows of $17,700k. This is not the first time BTC slump is experienced in the market;
The entire history of BTC monthly performance each year has been indexed in the following table below:
In general, BTC performance in the annual data shows significant gains in certain months and we can speculate maybe for the next half of the year, reaching $100k is very potential but just need to wait for the next big bull phase.
I find this chart totally irrelevant. It doesn't show shit.
Take a look at 2022. It shows February and March as green months with some serious gains in Feb, but this doesn't mean a thing if those gains are after a big crash. If the price were to fall 50% and then gain 10% the next month you'd see that month as a green month, but that green month would still mean a 40% loss for your portfolio.
Whole 2022 is a read year if you read it right.
January -17, February +12 and March +5 so that's a 17% loss followed by a 17% gain over the next 2 months. Looks good, but in January you were already 26% down from the top so we weren't gaining anything just sitting at a loss that turned into a bigger loss in April and May, to finally capitulate with a huge 38% loss. What if this month shows as green? 5% up, hurray!
One thing I can read from this chart is that last time it was this bad was in 2011.
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