Topic: You sure bitcoin/crypto isn't losing popularity to sustain whopping 16K coins? (Read 599 times)

I would also like to agree with you on this point that the DCA strategy method can help us for avoiding losses and gaining some average profit. That's because of it is really difficult to find a good dip for investing at once in most cases there is a strong chances for facing losses if anyone did investment at once. So investment with starting by doing or taking good DCA strategy will be always a wise decision. So for getting a perfect profit we should care about those coins.

It is impossible to understand if you are seeing the market as a market. The volatility was really a problem of crypto-based and crypto based trading, although the market will surely continue to repeat itself as we can see from the charts. This market is a real world for a lot of us to get a lot more profits out of crypto trading.

The DCA method will only work if you have spare money to buy back at the lowest price. it is not easy to do, the strength of capital will be very influential as well as the psychological strength to hold bitcoin in the long term. when the target price is reached, many benefits will be gained. Selling on the new ATH would probably be better, starting DCA now would not be too late, and there would still be some downside and then reach a bull market.

yes it is , we have been in this situation many times before , and yet ? bitcoin never fails us when recovery happens , I'm not sure if this is what needs to happen but what we knew here is Bitcoin will always climb more than the previous ATH.
well we often comes in Thread that gets our interests so better to be updated to what is OP is saying.

There are huge differences between Bitcoin and altcoins. The major difference between them is that one is decentralized and the other all centralized. New projects are being added to this cryptocurrency market every day. There some projects cannot survive in the market and ্get dead or scammed. t It is natural for investors to lose confidence when big projects like Luna or FTX are scammed.

But the good thing here is that the mistakes of the project owners who are making mistakes are being reflected and many people can learn from those mistakes in the future. Now not only the projects are being identified what are the weakness, but also the investors are becoming aware. While it may harm you temporarily, it will have a good effect in the long run.

Bitcoin price is currently $16700-$16800. It is believed that the price may fall further but it can be profitable to invest by following the DCA method. If the global situation improve next year, we will see a big bullish trend of Bitcoin.

Maybe the OP doesn't understand this, so allow me to give a little review of your question. The main thing that is very important here is to sort out two problems that occur simultaneously at the same time. First is the problem of the FTX exchange suddenly having to take responsibility for its own actions which could cause a huge panic among investors. And that certainly makes investors withdraw all their assets into more stable assets because they want to avoid the problems that occur with FTX on other exchanges.

It can be concluded that the decline in the price of Bitcoin was triggered by the panic that occurred among investors after seeing a very bad incident at FTX. So it's a very natural thing and Bitcoin can't be blamed for this because the reasons are obvious and each of us needs to understand this separately so we can know where the underlying trigger lies.

You are part of the negatively already. You created it in your post



Not everyone hate bitcoin. You make general statement for everyone. You can be part of the haters but why buying almost 2 bitcoin. 


Do you know how bitcoin works? With your personal hate because bitcoin price speculate to drop and FTX exchange scam, you think exchange is interacting with bitcoin in what way? Maybe you don't understand how bitcoin works.

Even if our intentions are pure it is better to avoid giving financial advice even if we are asked for it, and this is because if things go bad, and most likely this will be the case as if the person knew what they had to do then they will not ask for our advice at all, then we are going to be blamed because of their failure, even if they do not follow our advice at all, so even if we want to help other people they will have to learn on their own how to take the right decision on the market or face the consequences of losing massive amounts of money in the process.

When you are just still noob then you would really be seeing these situations or things to be bad or you would be having impression  that it might be over or its already dead, without realizing that this market had been

running and been standing strong despite of those bad situations which means that market price could neither go upwards or downwards.Also, you cant really called this a market in the first place when it doesnt really have that kind of movement.

Losing popularity or not,it would really vary and it cant really be avoided that impressions would be temporal until the time comes that you do make out some realizations
that it would be always be having that turning point.

Of course the first thing to do is give them motivation and show them the positives about how bitcoin has gone from then to now. But when we have given them the things that made them more resilient, and the short term results are not what they expected, they will blame us, because from my experience beginners look more to the short term than the future. I think most people will feel the same way when they motivate people who are pessimistic about bitcoin and blame motivation. If that's the case, I won't force them and let all decisions rest entirely in their hands.
Hope you understand what I mean by that.

For those new or to those who havent witnessed or seen those things in the past would definitely be ending up on being pessimistic towards Bitcoin or in overall crypto currency when it comes to its price
but on the time where the price tends to switch up then this is where these sentiments would really be changing.Its not really something new or reaction for those people who are just new or complete  noobs.
Price could neither go way up or down or even doing that sideways for long time which it would really be giving out that kind of impression that this might be the end
or totally be dead but this isnt something that last for a decade if it was really just like that.

I am not pessimistic when it comes to BTC because movements like what BTC is showing now is very familiar. I already witnessed this before and the outcome of it will always be positive. BTC will recover and reach more all time highs.

I only came here in this thread because I am interested on what the op had wrote and what the other users think about it. Those who are new here may seem to have some doubts with BTC but that was fine. Don't forget that we also started like that. Instead of telling them to leave why not give them positive advices so that they will be encouraged to hold tightly. They will soon thank you for this and their own self for not quitting.

Most people are pessimistic so we read what the OP wrote. I think he's too pessimistic about what he's been with and also what he's seen out there. Things like this don't just happen today, but we have experienced it many times. If you are not too sure and only half hearted with bitcoin then I suggest don't be here, I mean you need a very strong belief when you are in the bitcoin space. If being influenced by just hearing negative narratives makes you mentally fall, then it's best to deepen what to do and learn from those who already have extensive experience.

Weak hands are going to do exactly that regardless of our wishes, many of them came to the market looking for quick profits and never had any intention of holding their coins long term, then the bear market came and they were not quick on selling their coins and they became trapped on their positions, as they could not sell at the current prices due to the losses they will suffer, but as more bad news keep appearing they simply cannot take it anymore and sell their coins, benefiting in the process the strong hands which can keep holding their bitcoin.

One thing is for sure, not everyone thinks that bitcoin is good just because of its price. I would be using t if it is 100 dollars, or if it is 100k dollars. This means that it is not about the price for me at all.

However, even for people like me when the price drops too significantly, that means bad for business and less people around, back when it was 100 dollars there weren't many people around, I was feeling a bit lonely with just a few thousand people that can be found online, but now there are tens of millions of people who use it, so that is a good period and that is why price going up is not just good for investment but good for business too.

It depends on the belief of the person why a person will go into crypto.
For most crypto users here, we do highly believe that it is only a matter of time before we see it rising again.
For some who are outside crypto, they don't want to invest on this market because of too much negative criticisms towards this market.
However, no one is oblige to put their funds on this market. Should be on his own free will because this is an open market.
Anyone can get a hold of crypto if they want to, but they should know the risks involve. This is why one should educate himself on what he is getting into.
It is not about popularity why btc is below 20k, but it is owed to news like the FTX failure that contributed to such decline in price.

Yes, wealth is not for the masses, for those who don't believe in bitcoin just because of the FTX or Luna crash they should sell all their bitcoins and leave the market, the market doesn't need such weaklings. To be honest, I would be a bit selfish to say this: I want people to sell all their bitcoins and should dump as low as possible because only then will people who believe in bitcoin have a chance to buy bitcoin cheaply. I think the reward should only be for those who stay last, that's fair.

Yes, we let them conclude that because we must be responsible for our actions. And if we believe that investing in bitcoins can bring good returns for us, we must continue before the opportunity is lost. While we still have plenty of time to buy bitcoins at low prices so we can have lots of bitcoins. And that means if later the price of bitcoin starts to increase, we can see how much the increase in assets we have and maybe people who don't believe in bitcoin will regret seeing bitcoin being able to increase again.

We cannot do anything about what other people believe, if someone chooses to believe that bitcoin is the worst asset in which they could invest their money, then they can believe that as it does not affect me if they do, I will simply keep doing what the majority of the members of the forum are doing, which is to save all the fiat I can afford and then buy bitcoin while it is still cheap, as I know that bitcoin will eventually recover, even if those which are against bitcoin do not really believe this can happen.

The investment world will continue to experience erratic speculation, we have been in bear season many times, so holding on and not panicking is the way to hold back. The biggest test is precisely when market conditions weaken, but we can take advantage of these conditions to increase the investment we make, because bitcoin's popularity has grown so much since its introduction.

People who have made fortunes in crypto will never leave, instead they will continue to take part when market conditions are in a correction stage, whether you realize it or not the crypto and Bitcoin industry is a revolution and the target of many people right now, we need rich people in the cryoto room, so that the law of demand and supply will live on in the cryotocurrency environment.

The law of supply and demand will never be lost on the concept of economics, because it is directly related to buying and selling, because these two things are a counterbalance in the journey process, for coins that have no fundamentals it may be true that they will lose popularity, but not with bitcoin which is so fundamental at the moment.

Both bearish and bullish markets are also part of the law of supply and demand, so there is no need to worry about the bitcoin industry in particular, so far bitcoin has provided strong evidence of investment and is able to maintain asset value.