Why You should not worry about BTC price action

South Park

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Quote from: justdimin on July 23, 2022, 10:11:54 AM

Quote from: South Park on July 21, 2022, 09:32:22 PM

That is what makes resisting the bear market so difficult, the fact that we do not know how long it is going to last is what makes a great deal of investors to sell their coins and capitulate, if we knew for sure the bear market is going to last until the end of the next year then I think a great deal of people could survive the bear market, but since we do not know for sure then a great deal of people begin to think that the bear market is going to last forever, and it is because of those thoughts they cannot endure the bear market.

How long it will last is irrelevant when you are resisting, because "resisting" sounds like you are doing something to back that off, in reality all you do is nothing. People need to realize the beauty of it, in order to profit from the long term investment, all you need to do is...nothing. If you bought, and you are waiting, and not selling, then what other action are you doing than nothing? Hence, resisting is easy, wait.

I personally keep on buying more and more, I would suggest the same. Unfortunately July has been one of the worst months in the past 1 year for me personally, so August will be so much more difficult that I would probably not even have enough to live, but I will earn a good chunk in September so it's fine. But so far, until this moment, I kept on buying more, and I am happy about it.

I am not denying that for people like us which have experimented a bear market before and have been in this market for a long time a bear market is not really that difficult to endure, however I think it would be a mistake to use ourselves as the standard because if the rest of investors were like us then the price of bitcoin will not crash as hard as it does from time to time, people do indeed have problems to hold their coins and it is a struggle for them to do so as they cannot stop themselves from thinking about how they should have sold at a particular level and now they feel trapped.

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The bear market is never friendly to newbies investors. Especially those for whom might have invested at a high price and are only experiencing the bearish market for the first time. It takes one with a deep knowledge of bitcoin, a truly bitcoin enthusiast and one that takes his or her investment by the horns to hodl until the bullrun comes.
This has been my stronghold and I've got the forum to thank for it. It's my first bearish or winter season in the market and I must say, its not as sweet as it looks even with the fact that, it offers a buying opportunity for which I continue to invest. In times like this, the only way to never loose is to never sell. Your value stays reserve and would only be realised in the bullish trend. You loose nothing by hodling.

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The type of investor that will be successful is not panic when looking at the price of drops, this is precisely a good opportunity to buy at a low price, I'm sure many are sorry not to buy bitcoin when the price is $ 19k and now the price is more than $ 23k and I'm sure tomorrow or The day after tomorrow the price of Bitcoin will reach $ 25K, so it's not too late if we immediately buy and get a price of $ 23K.

Those who are worried because of the bear market simply shows how aware they are with their investments. It is not always focused to who are the ones who can ignore the market situation in particular with downs, but those who would endure things. Enduring on the other hand, I believe, includes taking the 'damage' of their actions. Seeing how low the market is getting, would normally sadden investors, but taking the exit is surely, another thing. Allow people to panic if they do feel so, but guide them on what is best to do. It won't always be being optimistic 'coz that would make an individual delusional in some way. We are talking about investments and positive and negative sides are always expected.

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Bitcoin is a digital exchange currency born in 2009.Everyone needs to be cool on bear season .Only newuser in crypto afraid to the current price of BTC.but old member know this very well about this situation. becuase they see this type of price fall many time and they face this and know how to handel on this situation.More and more businesses accept Bitcoin in exchange for their products or services and its adoption has become massive, especially in electronic commerce. You can buy from video games to a package Tesla. That’s right, you can take a car with zero kilometers paying only with your bitcoins.Bitcoin’s first “big” jump happened in summer 2010.

Btc is not an exchange but you can simply say it was a digital currency and also crypto was invented or born in 2008 but it was later released for public use on 2009. Easy for you to say to be cool because maybe you bought a much lower price before btc dips this hard while some of us here bought at a much higher price. They are losing a lot now, that's why it's hard for them to cool down.

It is still possible for a new user to become more knowledgeable and not to be afraid of this dip because nowadays, there are now a lots of information about btc, inside or outside of this forum. You can buy some things with your btc but not tesla because they already cancel their support for bitcoins long time ago.

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Quote from: nakamura12 on July 23, 2022, 04:53:44 PM

I don't think that the price of btc will decrease to below 10k just like before. I do get notifications that the btc price increase and also decrease so, my guess is that the btc price is more likely up and down as of now and maybe it may be sooner that the price of btc will reach 40k again then that would be a profit for those who buy btc when it hit 20k.

Right, I thought so too. Indeed, the decline this time is quite sharp. But when it comes to touching prices at or below 10k I'm not sure about that. I still believe that in the near future bitcoin will make us smile again. Slowly but surely bitcoin shows the development that we really expect. I'm very sure of that.

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Quote from: Majestic-milf on July 05, 2022, 04:33:39 AM

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.

This data is ok, but it is the graphical representation of these data that is not ok by me, because this is a graph and as such all the data were meant to be uniformly arrange on both x and y axis. Because I could see that the y-axis which represent the price of Bitcoin is not unformly arrange, because $50,000 is supposed at be the middle of $0 and $100,000, but in your graph I could see $50k closer to $100k, which is not supposed to be that way. Because every little thing in a graphical representation is meant to speak volume. Example below

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Quote from: BlockchainMentors on July 20, 2022, 07:34:23 AM

Good chart, seeing the price in it, many people will think that what was the low price before and now it is worth more than that. It is so much to be motivated because there will be a boom in the crypto market but it will take some time as it happened between 2010 and 2012 and since 2015 its price has gone up a lot. Thanks buddy for sharing this information.

Yeah, it is a good chart, and seeing this chart can bring confidence in the Bitcoin market. Why? It simply shows the capability of Bitcoin to bounce back and create a series of ATH-breaking events. So with that chart in mind, the Bitcoin dip in this bear market is a sign that a trader should accumulate because when the market transitioned to Bullish sentiment, a huge profit is waiting up ahead.

STT

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It seems unlikely but as a spike down we could get 4 digit prices I suppose. This is a consideration as a function of volatility which could rise further, my ongoing premise is volatility is tending to trend up so I have to respect that can also mean lower then expected prices too. Overall I dont see BTC as staying that low beyond a spike or margin test for some perhaps, the reason being FED is likely unable to combat inflation effectively.
Even by their own stated policy the FED intends to create inflation of at least 2% and probably higher in many instances and sectors of the economy. Generally BTC is not going to suffer especially harsh or 'hard' money environment but this is long term and certainly rising rates creates concern short term.

Wawa2013

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Quote from: nakamura12 on July 23, 2022, 04:53:44 PM

I don't think that the price of btc will decrease to below 10k just like before. I do get notifications that the btc price increase and also decrease so, my guess is that the btc price is more likely up and down as of now and maybe it may be sooner that the price of btc will reach 40k again then that would be a profit for those who buy btc when it hit 20k.

The Bitcoin support price is strong enough to keep Bitcoin above $20k, and I agree with you that Bitcoin will not drop below $10k. This means
that the decline that occurred this year was not as bad as it was in 2018, then we must have a positive mind and don't worry too much about
the current Bitcoin price situation. So my advice is to just collect as much Bitcoin as possible now according to our respective financial capabilities,
so when Bitcoin price recovers, we can make big profits from Bitcoin. I'm even optimistic that by the end of this year the price of Bitcoin can return
to the price of $40k-$50k, so we can imagine the profit generated if we buy Bitcoin at the current price.

nakamura12

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I don't think that the price of btc will decrease to below 10k just like before. I do get notifications that the btc price increase and also decrease so, my guess is that the btc price is more likely up and down as of now and maybe it may be sooner that the price of btc will reach 40k again then that would be a profit for those who buy btc when it hit 20k.

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Quote from: Ultegra134 on July 07, 2022, 09:37:28 AM

I've come to terms with waiting a few years before I can see a possible recovery in order to sell, I'm not too worried despite the upsetting situation in the market and the economy in general. Having made that mistake in the past, where I abandoned Bitcoin in 2018, only for it to recover two years later, rendering it one of the largest mistakes I made involving cryptocurrencies, as it was an opportunity that could possibly result into thousands in profit.

Good profits always come to those who learn to be patient and stay positive mindset despite of the market condition that is very bearish. What we have at the moment is never new at all, as bitcoin has plummeted it’s price and is considered a lot of times, but look at the price now, it’s starting to recover and we all know that if the market turns green already, we will always see bitcoin skyrocketing and reaches its new ATH again.

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The type of investor that will be successful is not panic when looking at the price of drops, this is precisely a good opportunity to buy at a low price, I'm sure many are sorry not to buy bitcoin when the price is $ 19k and now the price is more than $ 23k and I'm sure tomorrow or The day after tomorrow the price of Bitcoin will reach $ 25K, so it's not too late if we immediately buy and get a price of $ 23K.

Many of us are losing the opportunity to maximize our gains because of the fear of buying during the bear season and not seeing it as a chance to accumulate while the price is still down. They only feel regretful when the prices strike high and when the market recovers. If that happened to us before, we should've taken it as a lesson already and we should have an idea on how to deal with the market.

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Quote from: South Park on July 21, 2022, 09:32:22 PM

Quote from: Altryist on July 20, 2022, 06:19:03 AM

The bear market may even last until the end of next year, no one knows exactly how long the fall will take. But as for local growth, I do not rule out that growth up to 30k is possible, even now. Many believed that the fall would be long and there was no need to count on growth, and therefore there could be local growth now, against the expectations of the majority. But after that I expect that the fall will continue and it will be protracted.

That is what makes resisting the bear market so difficult, the fact that we do not know how long it is going to last is what makes a great deal of investors to sell their coins and capitulate, if we knew for sure the bear market is going to last until the end of the next year then I think a great deal of people could survive the bear market, but since we do not know for sure then a great deal of people begin to think that the bear market is going to last forever, and it is because of those thoughts they cannot endure the bear market.

How long it will last is irrelevant when you are resisting, because "resisting" sounds like you are doing something to back that off, in reality all you do is nothing. People need to realize the beauty of it, in order to profit from the long term investment, all you need to do is...nothing. If you bought, and you are waiting, and not selling, then what other action are you doing than nothing? Hence, resisting is easy, wait.

I personally keep on buying more and more, I would suggest the same. Unfortunately July has been one of the worst months in the past 1 year for me personally, so August will be so much more difficult that I would probably not even have enough to live, but I will earn a good chunk in September so it's fine. But so far, until this moment, I kept on buying more, and I am happy about it.

South Park

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Quote from: Altryist on July 20, 2022, 06:19:03 AM

Quote from: Oasisman on July 15, 2022, 02:17:37 PM

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.

The bear market may even last until the end of next year, no one knows exactly how long the fall will take. But as for local growth, I do not rule out that growth up to 30k is possible, even now. Many believed that the fall would be long and there was no need to count on growth, and therefore there could be local growth now, against the expectations of the majority. But after that I expect that the fall will continue and it will be protracted.

That is what makes resisting the bear market so difficult, the fact that we do not know how long it is going to last is what makes a great deal of investors to sell their coins and capitulate, if we knew for sure the bear market is going to last until the end of the next year then I think a great deal of people could survive the bear market, but since we do not know for sure then a great deal of people begin to think that the bear market is going to last forever, and it is because of those thoughts they cannot endure the bear market.

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Quote from: Jody.Drummer on July 16, 2022, 04:08:47 AM

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.

That's true and let's say there were some people who bought Bitcoin at a price of $18k or $19k in the last month, surely by now they have also benefited because the price of Bitcoin is already at $22k. In fact, it has become a sign that Bitcoin can still be relied on for the best asset in terms of investment and also in terms of profit.

BlockchainMentors

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Good chart, seeing the price in it, many people will think that what was the low price before and now it is worth more than that. It is so much to be motivated because there will be a boom in the crypto market but it will take some time as it happened between 2010 and 2012 and since 2015 its price has gone up a lot. Thanks buddy for sharing this information.

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Quote from: Oasisman on July 15, 2022, 02:17:37 PM

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.

The bear market may even last until the end of next year, no one knows exactly how long the fall will take. But as for local growth, I do not rule out that growth up to 30k is possible, even now. Many believed that the fall would be long and there was no need to count on growth, and therefore there could be local growth now, against the expectations of the majority. But after that I expect that the fall will continue and it will be protracted.

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Quote from: Stella Mese on July 15, 2022, 11:55:12 PM

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.

It's true that most people who are worried and panicked to see the price of Bitcoin dropping quite far from the ATH price are definitely newbies.
Because like you said experienced people are used to seeing Bitcoin dump prices and the Bitcoin price dump has happened many times.
If we are going to take the time to study Bitcoin's movements, then we should be optimistic about the future of Bitcoin. Because Bitcoin always
proves to be able to recover every time it experiences a price decline, Bitcoin can always go much higher if it enters a bull market. This means
that patience is the key to our success if we want to make a profit from Bitcoin, because when there is a bear market like today, we have to be
patient holding the Bitcoins we have and buy more Bitcoins if we still have capital.

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The cryptocurrency market is in its development stage. This means the adoption and real-time usage keeps increasing all around. Maybe the countries that have legalized bitcoin usage is very few, but the countries that haven't taken any official decision on cryptocurrency usage is high.

In the coming days more things to happen with the market. Bitcoin that was in its infancy for a long have crawled and now in a situation to walk without support. More investors and corporates try to take control of the market. This should not take place, because such situation will ruin it's real power.

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Quote from: tygeade on July 15, 2022, 11:58:02 AM

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.

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Quote from: wmaurik on July 15, 2022, 05:12:18 AM

Quote from: ireor on July 14, 2022, 11:00:55 AM

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. :)

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Quote from: wmaurik on July 16, 2022, 01:11:59 AM

Quote from: Gayong88 on July 15, 2022, 06:18:10 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.

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Quote from: Gayong88 on July 15, 2022, 06:18:10 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.

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Quote from: Oasisman on July 15, 2022, 02:17:37 PM

Quote from: Wong Gendheng on July 15, 2022, 07:17:55 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, 02:17:37 PM

Quote from: Wong Gendheng on July 15, 2022, 07:17:55 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, 07:17:55 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, 07:17:55 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.

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Quote from: ireor on July 14, 2022, 11:00:55 AM

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.

Ziskinberg

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Quote from: Semar Mesem on July 15, 2022, 06:07:35 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, 11:00:55 AM

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, 06:50:10 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, 10:38:20 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.

TelolettOm

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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.

Jatiluhung

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I am not at all worried about bitcoin price fluctuations. I'm more worried about the resilience of my money to keep buying bitcoins. I hope my money can continue to be available to buy bitcoin in every drop.

virasisog

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Quote from: Agbe on July 13, 2022, 10:30:47 AM

Quote from: Majestic-milf on July 05, 2022, 04:33:39 AM

()

Wow!!! This is nice analysis with a nice pictorial chart that tells the model of prices on the bitcoin market from 2010 to 2022. But the subject is contradicting the whole content.

Quote from: xSkylarx on July 05, 2022, 07:47:15 AM

Only newbies in crypto would be afraid to the current price of BTC. For us that have been here for some years in crypto space, we're already used to this market situation and we know that this is the best opportunity to buy bitcoin and prepare for the next market cycle. As for me, I'm waiting if btc will stabilize at this price until October or before the year ends as I think we will dump more hitting $13-15k range.

Really, it is newbies that will be afraid of the bear market right now. And also for those who think that this is the best time in the bitcoin Market should be careful because they should not buy what they can lose and cry later. It is not even those who were in the bitcoin space but for those who have the confidence and faith in the market. If you do not have thick skin in the market, you will just collapse. And one thing the buys should know is that there is risk in every business but how you take manage the business in bear market is the real matter.

Long-time Bitcoin investors already know that this is what we should deal with. The price might change anytime but we're used to it since it already happened before. We already know how to take advantage of every market situation and I guess it's what newbies should try to learn. We've been beginners before and we're also easily affected by FUD but as time passes by, we learned that the bear season is an opportunity and not a crisis.

Agbe

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Quote from: Majestic-milf on July 05, 2022, 04:33:39 AM

()

Wow!!! This is nice analysis with a nice pictorial chart that tells the model of prices on the bitcoin market from 2010 to 2022. But the subject is contradicting the whole content.

Quote from: xSkylarx on July 05, 2022, 07:47:15 AM

Only newbies in crypto would be afraid to the current price of BTC. For us that have been here for some years in crypto space, we're already used to this market situation and we know that this is the best opportunity to buy bitcoin and prepare for the next market cycle. As for me, I'm waiting if btc will stabilize at this price until October or before the year ends as I think we will dump more hitting $13-15k range.

Really, it is newbies that will be afraid of the bear market right now. And also for those who think that this is the best time in the bitcoin Market should be careful because they should not buy what they can lose and cry later. It is not even those who were in the bitcoin space but for those who have the confidence and faith in the market. If you do not have thick skin in the market, you will just collapse. And one thing the buys should know is that there is risk in every business but how you take manage the business in bear market is the real matter.

Minecache

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Quote from: wmaurik on July 12, 2022, 09:42:11 PM

Quote from: ethereumhunter on July 11, 2022, 10:27:09 AM

They will never make big profits if they stay that way because they can't hold their coins until the price increases again. But most people will behave like that, selling their coins when the price drops instead of selling at the highest price because they always expect the price to continue to increase. Maybe sometimes it can happen but we also have to know that the price can't always be like that so we have to be prepared if another decline occurs.

At first glance, this is the behavior of newbies who do not care about their own assets (including assets such as Bitcoin) so they prefer to sell them when prices are falling because they think that prices will continue to decline. Even though the best coins like Bitcoin can always stay in a good position and are also in demand by many people so selling them at low prices is a mistake because they don't defend themselves.

It's not that they don't care about their assets, it's that they have no expertise and are afraid of losing money. As they have never experienced a bitcoin drop before, they will be panicking when they see a 60-70% drop in bitcoin, even though this is a completely normal thing for us to experience on a regular basis. Bitcoin has always held its position as the most valuable coin in the market and bitcoin in the long term is a consistently good growing asset.

Paul Pogba

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Whatever happens to the bitcoin price volatility then I'm sure it's only temporary, with the growing global community making me optimistic that slowly the price will skyrocket again, the low price now is a good opportunity to buy.

FanEagle

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Quote from: justdimin on July 11, 2022, 08:01:41 AM

I think it's mainly the newbies, I mean sure it's not the biggest deal ever, but at the same time we are talking about a situation where it's going to pass and people will become better, same people who make these mistakes when they are newbies, will not make the same mistakes when they are veterans.

This is not a big trouble, if you think bitcoin is a get rich quick thing, and you make losses based on movements and get scared and sell, then you are going to get it better for sure. This is why I believe that people should not be focusing on these people, just realize that they are newbies and all will get better in the end.

People becoming veterans have a different amount of time. Some people start as newbies and in a year they are already veterans because they saw many things happening at the same time, and they knew a bit of finance beforehand. Some people do not become veterans for many years like me, I didn't get the idea for a long time.

I didn't think bitcoin was a get rich quick thing, but I always believed that it could crash; which resulted with me selling for a loss many times back in the day. All the above, ever since 2017 peak, I know what's going on and I make moves based on that. It certainly did help me and I have been making a good chunk of profit since then.

Smack That Ace

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Quote from: Ultegra134 on July 07, 2022, 09:37:28 AM

I've come to terms with waiting a few years before I can see a possible recovery in order to sell, I'm not too worried despite the upsetting situation in the market and the economy in general. Having made that mistake in the past, where I abandoned Bitcoin in 2018, only for it to recover two years later, rendering it one of the largest mistakes I made involving cryptocurrencies, as it was an opportunity that could possibly result into thousands in profit.

Bitcoin investors who missed out on bitcoin in 2018 or before, will not be scared off by this drop and will view it as a long-awaited opportunity, chance to own cheap bitcoin.

I won't make the same mistake again, bear market, I'm not scared or worried instead I'm glad I bought some bitcoins for under $20k. I think I will no longer have a chance to buy bitcoin at low price when bitcoin hit an ATH of 69k, last year.

wmaurik

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Quote from: ethereumhunter on July 11, 2022, 10:27:09 AM

They will never make big profits if they stay that way because they can't hold their coins until the price increases again. But most people will behave like that, selling their coins when the price drops instead of selling at the highest price because they always expect the price to continue to increase. Maybe sometimes it can happen but we also have to know that the price can't always be like that so we have to be prepared if another decline occurs.

At first glance, this is the behavior of newbies who do not care about their own assets (including assets such as Bitcoin) so they prefer to sell them when prices are falling because they think that prices will continue to decline. Even though the best coins like Bitcoin can always stay in a good position and are also in demand by many people so selling them at low prices is a mistake because they don't defend themselves.

ethereumhunter

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Quote from: wmaurik on July 08, 2022, 04:20:11 AM

Quote from: coupable on July 07, 2022, 06:28:25 PM

Those who are still affected by the price movement are either psychologically susceptible beginners or investors who aspire to profit at the near or medium level.

I think Yes, it is clear and it is true. Because they still really want to get profits quickly and also in the near future so they never use patience in every case and condition. I think that kind of person will always be more afraid when the price of the coin he owns has decreased and will immediately choose to sell it immediately without remembering to stay in such a position.

They will never make big profits if they stay that way because they can't hold their coins until the price increases again. But most people will behave like that, selling their coins when the price drops instead of selling at the highest price because they always expect the price to continue to increase. Maybe sometimes it can happen but we also have to know that the price can't always be like that so we have to be prepared if another decline occurs.

justdimin

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www.Crypto.Games: Multiple coins, multiple games

Quote from: wmaurik on July 08, 2022, 04:20:11 AM

Quote from: coupable on July 07, 2022, 06:28:25 PM

Those who are still affected by the price movement are either psychologically susceptible beginners or investors who aspire to profit at the near or medium level.

I think Yes, it is clear and it is true. Because they still really want to get profits quickly and also in the near future so they never use patience in every case and condition. I think that kind of person will always be more afraid when the price of the coin he owns has decreased and will immediately choose to sell it immediately without remembering to stay in such a position.

I think it's mainly the newbies, I mean sure it's not the biggest deal ever, but at the same time we are talking about a situation where it's going to pass and people will become better, same people who make these mistakes when they are newbies, will not make the same mistakes when they are veterans.

This is not a big trouble, if you think bitcoin is a get rich quick thing, and you make losses based on movements and get scared and sell, then you are going to get it better for sure. This is why I believe that people should not be focusing on these people, just realize that they are newbies and all will get better in the end.

barbara44

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Quote from: lixer on July 07, 2022, 11:14:46 AM

Quote from: usekevin on July 06, 2022, 06:50:09 PM

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.

Will not look into what? Price action or price movements? But I think that was an essential part for the traders. They used that to predict the market. If you mean to say to not worry well that is possible since they are experienced anyway but there are times where they can not helped it. The worry is not only lite though and it does not lead for them to quit.

There are bots that are invented in trading which is perfect to use if we are too emotional or if we are worrying too much. Halving is said to help the price rise but btc isn't only based on that alone. Also hodling till the next halve is too long and not all are willing to do that. It is still possible to profit nowadays.

I am sure that what he meant was not look into this as the only thing. If the meaning was do not look at price action at all, never, then it is going to be quite a tough challenge. But, if we are talking about just a small time and period, then I would understand. Sure there are moments in crypto when the price looks like it is going to go down, and all the data shows that but it goes up. That type of movements where we are shocked about the result could happen at all times and that's fine.

I personally believe that just because unexpected stuff could happen doesn't mean that we should keep doing that at all times, we should be moving towards another method eventually.

wmaurik

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Quote from: coupable on July 07, 2022, 06:28:25 PM

Those who are still affected by the price movement are either psychologically susceptible beginners or investors who aspire to profit at the near or medium level.

I think Yes, it is clear and it is true. Because they still really want to get profits quickly and also in the near future so they never use patience in every case and condition. I think that kind of person will always be more afraid when the price of the coin he owns has decreased and will immediately choose to sell it immediately without remembering to stay in such a position.

coupable

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Quote from: Tony116 on July 07, 2022, 10:00:29 AM

This is not the first time bitcoin has plummeted, it is a part of bitcoin history today. We have already seen the price drop as a sign that we are about to have a new ATH for next season, we have to wait for it to happen. I hope newbies on the forum calm down and don't dump when seeing this photo, we have to be patient don't sell for any reason, bulls will come to pick us up again.

Those who are still affected by the price movement are either psychologically susceptible beginners or investors who aspire to profit at the near or medium level. As i said before, the principle of "offer and demand" is affected by the psychology of users and not by the real need to offer or demand it, since most users are investors and do not use Bitcoin in their businesses such as using it to buy and sell products.

lixer

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Quote from: usekevin on July 06, 2022, 06:50:09 PM

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.

Will not look into what? Price action or price movements? But I think that was an essential part for the traders. They used that to predict the market. If you mean to say to not worry well that is possible since they are experienced anyway but there are times where they can not helped it. The worry is not only lite though and it does not lead for them to quit.

There are bots that are invented in trading which is perfect to use if we are too emotional or if we are worrying too much. Halving is said to help the price rise but btc isn't only based on that alone. Also hodling till the next halve is too long and not all are willing to do that. It is still possible to profit nowadays.

Tony116

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This is not the first time bitcoin has plummeted, it is a part of bitcoin history today. We have already seen the price drop as a sign that we are about to have a new ATH for next season, we have to wait for it to happen. I hope newbies on the forum calm down and don't dump when seeing this photo, we have to be patient don't sell for any reason, bulls will come to pick us up again.

Ultegra134

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I've come to terms with waiting a few years before I can see a possible recovery in order to sell, I'm not too worried despite the upsetting situation in the market and the economy in general. Having made that mistake in the past, where I abandoned Bitcoin in 2018, only for it to recover two years later, rendering it one of the largest mistakes I made involving cryptocurrencies, as it was an opportunity that could possibly result into thousands in profit.

wmaurik

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Quote from: erep on July 05, 2022, 01:40:41 PM

Quote from: Majestic-milf on July 05, 2022, 04:33:39 AM

snip
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?

Maybe he doesn't know about it, but in this case you have also told him very well and presented the facts through this very important table.

Quote

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'm also a little more confident that a big Bull will come to Bitcoin at some point in time, although I generally can't say for sure when it will come to Bitcoin again, but I always have a little faith in this period of decline where investors and traders will buy more lots of Bitcoins slowly in this year and the effects will definitely be seen in the next year

Rufsilf

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This is the mean reason why people aren't giving up on holding Bitcoin and becoming hopeful for the future. It was indeed been proven.
Besides, rich people and some market experts have been optimistic about the result of crypto adoption. Those who have never understood crypto and got the influence of the FUDs, are certainly terrified of the dumps.

maydna

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People who joined in bitcoin world will not worry about BTC price action because they know that is what happened to bitcoin a long time ago. They will be happy to see if the price is down as much as today because they can buy many amounts of bitcoin and hold it until the price increases. Besides that, they are a long-term holder and will sell it at the next ATH. So people who know how to use the chance to buy bitcoin at a low price will buy it and not regret it if the price is down for a moment because the price will be back to the high price.

Spack17

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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.

Darker45

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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.

2stout

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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.

South Park

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Quote from: qwertyup23 on July 06, 2022, 06:48:09 PM

Quote from: NeuroticFish on July 05, 2022, 04:43:49 AM

Good chart, good analysis, bad title Wink

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.

Worrying is natural however what we need to avoid is to fall into a state of panic, after all we know that a recovery will happen, however it is still far away which means that we are about to face some very difficult months, and unfortunately even if a lot of people know that the recovery will come and that they need to hold no matter what they will simply be unable to so for that long, since they will not be able to endure the long months of the price remaining static or even dropping even further.

usekevin

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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.

qwertyup23

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Quote from: NeuroticFish on July 05, 2022, 04:43:49 AM

Quote from: Majestic-milf on July 05, 2022, 04:33:39 AM

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

Good chart, good analysis, bad title Wink

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.

Hydrogen

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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.

Baofeng

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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.

Issa56

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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.

samcrypto

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Quote from: Reid on July 06, 2022, 08:03:36 AM

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. Wink

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.

justdimin

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Quote from: Reid on July 06, 2022, 08:03:36 AM

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. Wink

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.

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.

Reid

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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. Wink

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.

gunhell16

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Quote from: Majestic-milf on July 05, 2022, 04:33:39 AM

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$-200k$.

LodisMcguire

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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.

lienfaye

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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.

TimeTeller

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Quote from: sana54210 on July 05, 2022, 04:09:55 PM

Quote from: coolcoinz on July 05, 2022, 08:47:06 AM

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 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.

Kasabus

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Quote from: Majestic-milf on July 05, 2022, 04:33:39 AM

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

Hopefully, everyone will be able to understand about how bitcoin moves in the market and realize that in the end, bitcoin won't settle for a very low price. The reason why we should not worry as everything that is happening at the present will not be forever and will soon to vanish in the market and replace with high and impressive value. History has proven it, and its more likely that what had happened in the past will also be a thing in the present.

sana54210

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Quote from: coolcoinz on July 05, 2022, 08:47:06 AM

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 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.

Jody.Drummer

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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.

darkangel11

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Quote from: erep on July 05, 2022, 01:40:41 PM

Quote from: Majestic-milf on July 05, 2022, 04:33:39 AM

snip
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?

The entire history of BTC monthly performance each year has been indexed in the following table below:

^{Source : @ICO_Analytics}

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.

fiulpro

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The price rocketing would come after September for sure whenever the price rose there was a definite pattern and it did not resonated that well with the comparative government market as well. I do think that with series of ups and downs we do need to understand that the market is still profitable for people who are trading and even more at such events, I do think even if the price does not go up even then it would be important to understand the contribution bitcoins has during the pandemic. The best part would be realizing, bitcoins is proven to go up every few years, therefore the best part is HODLing and not listening to the fake news and getting intimidated by the price fluctuations.

erep

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Quote from: Majestic-milf on July 05, 2022, 04:33:39 AM

snip
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?

The entire history of BTC monthly performance each year has been indexed in the following table below:

^{Source : @ICO_Analytics}

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.

hugeblack

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The problem always lies in the timing, when you want to buy and when you want to sell. If you have no choice but to sell, you may end up selling at a price of 20k dollars, not 100k dollars.
So if you are investing in Bitcoin and you do not want that money at the moment, it will be the best investment ever as long as you do not want to invest in it at the moment.

GeorgeJohn

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Cryptocurrency and especially bitcoin it's have no devaluation and it's very clear that from the year 2010 and year 2017 we have do experience market fluctuations in cryptocurrency industry. and that's why some old investors are not really afraid of cryptocurrency degradation in price. Actually cryptocurrency falls into the system of rising and falling which nobody can actually explain it's flux of rotation. People that is in suspense about cryptocurrency experience in a negative price are the ones that will be in a haste and worry about cryptocurrency and especially bitcoin for it's inconstancy in price.

_BlackStar

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In fact, many people will be very worried about the decline and will not even be able to control it during the correction. Panic selling so far has sent the bitcoin price tumbling to a 7-month low of $17.7K. What are the best ways, I just think that this is too wide an entrance to start making purchases and accumulations. This 70% discount is very rare, but I believe there are still bigger discounts from now on because the bearish trend is not over yet. Consider DCA to invest in, we don't have much chance in the future if the rally starts.

Why not worry? The reason: Bitcoin still has a lot of potential and the ATH cycle may still repeat itself after its halving in 2024. You are investing with private money with an amount you can afford to lose, but if you are using borrowed money then your worries are understandable.

SuperMariob

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Quote from: Majestic-milf on July 05, 2022, 04:33:39 AM

https://i.imgur.com/SWMxmKM.jpg
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

Very good chart and very good analysis. Thanks for sharing.

coolcoinz

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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.

Leviathan.007

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Taling about the price action of bitcoin is much more than this. Price action is a technique to understand how the price going to react based on the knowledge we get from the history of the price. Regarding bitcoin, there are many things to say but in short words, the trend is still an uptrend if you check the chart in long term from tears ago, and corrections happened are totally normal because since we see sharp and huge movements to higher price levels, we should also be ready to see the corrections to lower levels and sometimes these corrections are just falling lowers than anyone could be expected ever but still, that's pretty much healthy

xSkylarx

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Only newbies in crypto would be afraid to the current price of BTC. For us that have been here for some years in crypto space, we're already used to this market situation and we know that this is the best opportunity to buy bitcoin and prepare for the next market cycle. As for me, I'm waiting if btc will stabilize at this price until October or before the year ends as I think we will dump more hitting $13-15k range.

wmaurik

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Quote from: Majestic-milf on July 05, 2022, 04:33:39 AM

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

Very good analysis. And it would be great if Bitcoin could be at a price of $100k next year because it would break the ATH $68,991k record that Bitcoin has ever achieved. But I would also be happier if Bitcoin could be at $70k, even though $100k is a higher price than I said. And I think to be at that price, Bitcoin needs a little longer pump time than last year, because it was a very big price target and Bitcoin started at $20k which is certainly a long way from the bottom up.

NeuroticFish

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Quote from: PrivacyG on July 05, 2022, 05:38:47 AM

I have to correct you here. The price dip in 2015 was to much lower than $315.21. If I remember correctly, it dipped to about half of that, around $150 - $180.

I don't remember exactly how low it went back then, I can't say about the 150$ value, but I can confirm that the low of 2015 was under 200$. Possibly even under 180$.

PrivacyG

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Quote from: Majestic-milf on July 05, 2022, 04:33:39 AM

fast forward to 2014-2015, we experienced a price dipping from a high of $1,238 to $687.50 then to $315.21.

I have to correct you here. The price dip in 2015 was to much lower than $315.21. If I remember correctly, it dipped to about half of that, around $150 - $180.

Anyway. Anyone who looks at the ZOOMED OUT chart knows this is not the first nor the last time Bitcoin's price dips or skyrockets. The extreme volatility is now I must say part of Bitcoin. One should know that, by initializing a Bitcoin investment, they are getting into a very volatile asset with big risks but also very big gains.

-
Regards,
PrivacyG

arwin100

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Quote from: Majestic-milf on July 05, 2022, 04:33:39 AM

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

Everyone needs to be cool on bear season events since this is a huge test for investors on how to take action towards their investments and if they get panic easily on what they see then maybe they are not doing good research that's why they prone to lose more money when bad market activities occur. As you said this is not the first time bitcoin slump so hopefully the data will be the huge basis for other to trust bitcoin since red days normally happen on it every year.

Majestic-milf

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Quote from: NeuroticFish on July 05, 2022, 04:43:49 AM

Good chart, good analysis, bad title Wink

I think / hope that you've meant "why you should NOT worry...".

Thanks for the observation correction made. Lately the price has been of great concern especially to those who possibly joined the peer-2-peer network from November last year. From the chart I was able to deduce how far Bitcoin price skyrocketed from 2010 when it was close to been valueless to it's ATHs in 2021 as well as how the price kept fluctuating since then pointing towards the bear.

My sole aim is to ensure as many Bitcoin holders have that believe that prices will spike again

livingfree

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We always tell those worrying folks that they should zoom out when they're feeling that they should sell at losses.

Just like that chart, we tend to see new high-lows for each cycle that we're entering. And at this time, the lowest that we've seen for the past years was $3k+ on 2018.

And after hitting the ATH of $69k, we saw the new high low at $17k which has happened just last month. That's actually positive if you're looking at that perspective.

NeuroticFish

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Quote from: Majestic-milf on July 05, 2022, 04:33:39 AM

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

Good chart, good analysis, bad title Wink

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)

Majestic-milf

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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

Topic: Why You should not worry about BTC price action (Read 738 times)