Topic: You sure bitcoin/crypto isn't losing popularity to sustain whopping 16K coins? (Read 607 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.

OP has point about the market hate but to correct that a bit, it's been there ever since. Bitcoin has been named a ponzi, an internet scam and fake money since before. And even said to be dead for how many times, so many times.
Well, we can't ask for more hate because it will never be gone. If the past haters have changed and became investors too, there will be new sets of breed for the new generation of haters and the cycle goes on and we just have to live with it no matter how ugly the situation of the market is.

You know, a lot of people think Bitcoin's price is just created out of thin air.  Like the market woke up today and decided it's $1,000,000, no more $16,000.

Bitcoin's minimum price per year is almost always close to the minimum cost of mining a Bitcoin.  Bitcoin costs to mine, it is not free.  This reason alone is enough to understand Bitcoin has a not so random price.  $16,000 is not just a random price, $60,000 was Bitcoin with a premium.  If Bitcoin falls under $10,000, it would make no sense for miners to continue mining.  They NEED Bitcoin at these prices.

And as long as there are people paying for it, Bitcoin will not cease to exist.  I will pay for it.  Even if it was $50,000 or $100,000, I would still continue buying it.  And many others here would and wil as well.

-
Regards,
PrivacyG

Let's just let people think that bitcoin can't survive the current situation. In the meantime, we can continue investing in bitcoin because we get a discounted time when the price of bitcoin can decrease. In the future, the price of bitcoin may not be where it is today. So we still have time to invest while others still doubt the capabilities of bitcoin.

If you already have almost 2 bitcoins, you can continue investing in bitcoin until you have 2 bitcoins and hold them until the price increases again. We should use the current opportunity to buy more bitcoins while we still have time.

Positive news will always appear during the bull season to make people Fomo and negative news will always flood the market during the bear season. This has always been the case for the past 14 years and it will never stop, when the bull market comes, you will see a lot of positive news and people will rush into the market again.

The reward is not for the weak hands, so I don't recommend you or the negatives to stay in the market. If you don't believe in bitcoin, you can sell your bitcoin and leave the market. The market is a battlefield, there will be winners and losers, that's how the financial market works, you should know that before investing. When you and many negative people sell bitcoin, there will be people like us waiting to buy bitcoin for cheaper.

There's no assurance no matter how Bitcoin does have the potential.We cant really pinpoint on what would be the year and we cant make or draw up conclusions whether we would be seeing
some recovery or change trend for upcoming months or years.There's no way that someone could tell on what would happen in the this market. Anything is possible if we do speak about price
which neither it could hit up down again as low as 10k or even lesser.Fundamentals and news could really make out that kind of effect and would be driven out by fear
where the entire community will really be going or playing along.

It's true, the future of bitcoin is actually uncertain and anything we talk about today about the future is speculation as to whether it may or may not be achievable. The profit that will be generated will be based on how high the price can be touched, I mean if today $ 10 is invested, then if next year the price can touch $ 35K then the investor will get 100% profit from his investment. But back to basic thinking, who is going to guarantee $35K price tag in 2023 or in the future? Obviously not, but as bitcoin continues to be traded and its adoption as a means of payment continues to grow, so optimism about the future will do just fine.

You, me and others became investors because of the trust that this bitcoin cycle will repeat itself and thus be profitable. It's okay if today the price drops below the ATH even by 70%, but when the bullish cycle returns, we will take profits.

I don't think $10K will hit us any time soon or during this bear market. We know that the countdown to the next halving is fast approaching. As a result I believe that the price will be higher as the demand for the coin increases in the market, so this is a cycle that will occur in the next year and we will be back in another ATH.

Each of us right now may be doubtful and worried about the possibility of a bottom price, but really we are just in a cycle where it can be used to buy more bitcoins instead of spending money on something that is not really needed. Every $10 for bitcoin today will be worth more in the future but of course we are only talking about the good possibilities for the future. Optimist, of course we should be.

The more negative the news, the closer the end of the bear market is, and vice versa.
Therefore, if we do not reach the bottom, we are close to it, and therefore it is difficult to witness a price collapse to levels such as $10,000 at the present time, and in order to reach those levels, we really need very bad news.

In general, as long as you decide to invest in the long term (after 2025), it can be said that you are safe.

I think if they are experienced in terms of crypto investment, of course market conditions like this will keep them relaxed. They will enjoy the bear market in part to increase the amount invested in crypto. Without realizing it, the market is currently giving us opportunities. If crypto prices increase continuously, of course very few new investors will be able to enter the exchange to invest.

Whoever that said that bitcoin is losing its potential at in the market I think that that person is making ever happened in the send that bitcoin is increasing every day by Day by itself

In economics, there will always be a law of demand and supply. It will never be broken or disappear, so as here in the financial market as it was still part of the economics though I think it will also depend on the product or the asset. If it has no solid fundamentals then it's normal that it won't get a demand so its value is going to collapse but for coins such as bitcoin, there will always be a demand for it due to its statistics or bio.

Worrying will always be there and people are worried when big institutions or famous personalities are selling their btc but their worry shall soon subside as the market can always recover. @OP 16k per btc is too small so obviously it will be sustained. Crypto's popularity isn't losing but this was only the start actually.

First, you need to understand how the human mind works when they don't understand something and all they can see is the negative aspect of it.
Second, you don't need to worry about something you cant control because if you do it will hinder you from making the right decision and for the record if you check the previous market correction (total bearish) it is always triggered by a negative news or a disaster incident but it always dont stop the market from making a come back when it halving season.

That's not correct. Only naive people will hate BTC and crypto now. Besides, why are you planning to accumulate more BTC if it downtrend to 10K price? Are you not among the everyone?

"everyone hates bitcoin and crypto" -- I'm almost willing to bet that most of these haters:
- actually got burned by using crypto in the very same way they've been using legacy finance (centralised lending and interest bearing services, speculating on assets with no underlying value, not interacting with decentralised networks).
- never actually used bitcoin.

Actual Bitcoin users have always been slowly, steadily, using and growing and improving. Sure, they're upbeat and as cheerful as everyone else in a rally, and muted in a bear market, some are even enjoying bargain prices.

I don't know where people look to say that bitcoin and crypto are losing traction, we are in bear season, and this has happened many times in the past. To me, each bear season is like a test, weak hands or weak projects should leave the market, and only those who are really strong enough to stay.

If we want to grow, we want to be more mature, we don't need people who want to get rich quickly because once they make money, they will also leave the market. We need people who want to build the crypto industry and believe that bitcoin is the future revolution.

If the law of supply and demand still held, there would be no need to worry about who would sell the bitcoins, even if everyone preferred to hold them. In simple cases, it may be true that crypto is losing traction in the market, but that only involves cryptocurrencies that lack fundamentals. But for bitcoin will never experience this. It could be that the OP really never had a bear season before or after the death of Mt Gox, bitcoin has found its way quite a long way since the previous few years.

Perhaps OP isn't a longtime investor like us, he hasn't experienced bear seasons before nor witnessed the death of Mt.gox. I really don't care what people think when they look at the crypto market right now and I don't want to give any explanation for the death of FTX, I think time will be the best answer they will get. Did Bitcoin really lose its allure, or did they miss a golden opportunity? Will time tell? I like the saying "wealth is not for the masses". It would be selfish but if everyone believes and holds bitcoin, who will sell it to us?

I'm still pretty sure that bitcoin won't lose its popularity forever, even though people continue to associate this issue with FTX. The correlation presented by the OP seems inaccurate, when it is associated with Bitcoin in general and only looking at the current conditions that are currently taking place. Many previous cases happened on other Exchanges, but Bitcoin is still finding its way to recovery and I quite agree with what you said, that FTX cases will go away on their own in the future.

OP, as you know you mention average people with "everyone". Most people in world are dumb when it comes to events with money - it is one of reasons why minority is rich meanwhile. People can be lost when they think about bad events as nightmares. But I am sure you would agree that FTX issue isn't gonna stay with us forever. Its opportunity to buy more Bitcoin when situations like FTX happen. Even Mt. Gox didn't kill crypto markets but it actually helped some smart people to become rich.

That would be the problem then, you have to develop some foresight beyond current negativity.   Everything you said is fair but will it always be this way no, sentiment will change and its often been the case that is how we unfold news.    Separate the reaction from the actual lasting impact because FTX is the same mistakes of a centralized site not the protocol so BTC has had far worse even if the graph is bad its relative to rising dollar etc.

If what you say is true then I will be more excited than scared like you. I want people to fear or hate bitcoins and they should sell all their bitcoins so that I and those who believe in bitcoin can buy bitcoins cheaper. You need to remember that wealth is not for the masses so it is understandable that people are afraid of bitcoin and it is a sign that we are very close to the bottom. I am taking advantage to buy bitcoin more than ever instead of being scared and hearing rumors from people who know nothing about bitcoin.

And I think it's good if everyone hates bitcoin or crypto in general. Because it means that no one doesn't see the potential of it, just think about this way, when we had the pandemic, everyone is also calling bitcoin dead when it went as low as $3k and many doom and gloom prediction that we have seen right now.

And yet in the aftermath of everything, the price goes to $69k and those who stay and bought it through DCA up to 2021 could have made al to money.

So I will say that don't bother but those negativity, they will individuals who have those narrative to attack bitcoin whether we are in a bull or more specially in the bear market. Just long at your long position and wait for the next bull run to see if you made the right decision or not.

You should really make yourself get used into these words where it is really just that typical where these kind of negative words would be floating around.Expect that the community would really be throwing
up lots of negative words which if you could able to read it out then you would really be affected and would end up on believing on what they do say.On the time that you had step your foot
into this venture or market then you should really make yourself that prepared with those sentiments. If you have 2 BTC currently on your stash then selling on the current market condition
is just an insane or foolish thing to be done.Market doesnt really have an assurance on where it would stay or when it would bottom out this is why its always on your call
whether you do hold or sell out on panic.

We have heard lots of much worse words than you stated @ OP.  It has been thrown to Bitcoin since the early days and yet Bitcoin had proven itself strong and moving forward.  This strategy of the anti Bitcoin to demerit and put blame on Bitcoin with anything bad that happens to market had been done for almost a decade just to stop the promulgation and propagation of Bitcoin, but these entities failed because Bitcoin is still moving forward and getting more traction everyday.  Bitcoin may be losing its price but I believe Bitcoin popularity is ever growing.

Each person? That means everyone hates bitcoin.

People who hate bitcoin don't like bitcoin but that's not everyone because there are still many people who love bitcoin and want to buy bitcoin until now.

You can still buy bitcoins again and if you still have money, it will be good for you if you can buy it at the low price. But be careful because bitcoin price still up and down and you need to wait until the price is down for more to buy bitcoin.

If you know bitcoin as a speculative asset, this is when you will start to know more about it. It's even worse in a bull market when the bitcoin consensus is considered a scam that keeps popping up, but it's being debunked by ATH's achievements, this is where bitcoin's privilege as a speculative asset lies. For me personally it's okay for bitcoin to be closer to $16K or even $10K, because that's when we start to take a bigger share of bitcoin investing.

Stay calm and don't panic, continue to make purchases according to your abilities, because when bitcoin begins to find a four-year cycle, then that's where you know the advantages of bitcoin that other coins don't have.

Did you think that BTC price will experience a new bull run just because you bought 2 BTC? It doesn't work that way and you should have learned that before you decided on that investment, so now you might be less worried about the fact that you have an unrealized loss. Negativity is always present with Bitcoin, and it is most pronounced during the bear market, it has always been like that and I don't see it changing in the near future.


You see, all this negativity has its positive side, because maybe you will be able to buy even cheaper BTC, which is not a bad thing if you believe that the bear market will end in a period of 1-2 years.


It just seems to you that everyone hates Bitcoin, in fact they hate Bankman and themselves because he betrayed their trust, and before that Kwon did something similar. Bitcoin is not to blame for the fact that there are incompetent people and scammers in the world, in addition to the fact that there are millions of naive people who believe them.

It doesn't matter what other people say about bitcoin, you should have enough knowledge to make yourself believe in bitcoin. You have to be smart enough to debunk the assumptions people out there have if they say bitcoin is a ponzi scheme, but if you don't want the hassle then just ignore it and continue your journey with bitcoin.

Bitcoin are simple, no one will force them to believe in bitcoin, but if they want, they can change their mindset at any time and buy bitcoin for any reason. You also need to know that bitcoin is not for those who don't like and hate it, but bitcoin is only for those of us who believe in financial freedom. And due to its fluctuating value each trader and investor will profit based on their individual portion.

Maybe you are new but Bitcoin is subjected on worst negativity than the current issue on FTX before. I believe Bitcoin public image is in the lowest point when Mt Gox turn into scam because that time Bitcoin still doesn’t have much reputation built compared to its current status that many institutional investors and billionaires is already trusting Bitcoin. FTX is just a another bad new in Bitcoin/Crypto that will soon be forgotten due to the long list of same issue like this in the past. I can’t anymore many times crypto is subject on this negative publicity. Not to mention all the ponzi/hyip occured on crypto space before. 

It’s not losing popularity. Negativity is just high but crypto is still popular.Negative Publicity is still a Publicity.

Cannot blame people to talk about that way on bitcoin since this has been rampantly used for scamming so those people doesn't know about this will have negative impression and call bitcoin as scam to because of those unfortunate scam incidents. But for sure once they realize that what they think about it is not true they come and try to use bitcoin as currency and investment on real tradings.

Its just you bought at a wrong time but if you don't dump what you currently own you will not lose anything so maybe try to hold since maybe next year we can see more great picture of Btc and price would pump hard again.

We've been hearing this a lot recently which makes it redundant. Issues were faced before which made impressions for this industry as ponzi and fraud; volatile market value, prohibitions by some governments, scam projects and more. Losing interest? possible especially during down times in this market it is not surprising. Most people looks at this technology more of an asset than currency. But things would surely change once there's something, most of the time are news related to cryptocurrencies or in favor for this industry, which would hype the interest of potential investors once a bullish pattern is established. We might not know when will such thing occur, but the only thing we should do is to be patient for now.

It depends on where you look! It is like going to a bar and complain about everyone being drunk...

There has been always a lot of legitimate negativity about crypto (read altcoins) for good reasons. They are useless and majority of them are scams.

That's already old news.

You should care about bitcoin as the only decentralized currency not something to get rich quick from

Which has nothing to do with bitcoin!

Just replace the ~ part with any arbitrary number and search the same term you will find people say the same thing when price was $0.001, $0.01, $0.1, $1, $10, $100, $1000, $10000 and you will see the same when it reaches $100000 and $1000000

You should have educated yourself about this decentralized censorship resistance currency before you converted your other currencies to this one! You should have also converted what you could afford to lose.

LOL.

I think this cycle will continue unless people think seriously about the nature of their investments and stop thinking emotionally.

Look at the comments. In the previous year, many people invested because Elon Musk was tweeting, or because some company made a purchase, or for some trivial reason, and now they are claiming that Bitcoin is a Ponzi scheme because they lost their money.

Therefore, such things will be repeated with every rise and fall of the price.

In the market, the two most popular items are the items with very good reviews and the items with the very bad reviews. The items that are just there barely raise enough attention to be known by many and considered popular. What I mean is, bad stories can also make something popular, the negative stories are twistedly contributing to the popularity of bitcoins. The stories and bad news around cryptocurrency are making people know about it, and when the bad news and reviews turn to good reviews and news about bitcoins and cryptocurrency, most of them will also be aware.

Dude, the masses hated bitcoin/crypto since forever. Even in bull markets, the mass consensus is that bitcoin/crypto is a scam/bubble/tulipmania or whatever they wanted to call it. It's just ever so slightly worse right now due to FTX.

You can wait until it's $10K. The better it is for investors to wait for the bottom to get the max profit they could when it's time for selling. It's however the opposite when we are not really going down to $10k.

There is a positive sign though since the FED had already expressed what they may be doing this Dec. Lowering interest rate could lift the price of BTC which you may also be chasing.

This kind of hate has always been here for the longest time. In fact, it's lesser hate now compared to the early years of Bitcoin when it was publicly branded as a currency of criminals. Not only did Bitcoin survive from all that, it thrived and even reached mainstream adoption.

There's nothing to worry really. Bitcoin doesn't have to convince all 8 billion people in the world in order to succeed. In fact, it is even more than enough that some 21 million people around the world truly understand and believe in Bitcoin for it to go beyond $100,000.

Among the many negative comments like you said, there must be two or three positive comments for crypto and Bitcoin in the news article, right?

I even find it hard to jump to conclusions when people who know nothing about bitcoin and how it works keep talking about scams. How can they know about scams, fake monopoly money and Ponzi schemes if they have never been involved in any investment themselves? But if they know all about it, then it can be said that they also know about Bitcoin and some of the big exchanges that are frequented by many people so they also know about the FTX drama that has happened at this time

Because the decline is already in a very large category, yes it is clear that more people need to buy Bitcoin from now on because doing so can make the price increase continue to happen to Bitcoin. But don't worry about that, because Bitcoin has been around for a long time and obviously it will always be very attractive in the eyes of many people when they start to see a price increase in the market.

If you are slowing down your purchases just because you see negative comments and news that are still circulating at this time, then try reading some positive news from some media that say there are already several countries that legalize crypto and Bitcoin at this time so that it can also have an impact on increasing the price of Bitcoin itself. So there is no need to worry just because you have read the news because you shouldn't be affected by negative news about crypto and Bitcoin which may not be all true.

FTX has certainly taken the crypto space by storm at this point, but rest assured that not everyone hates Bitcoin and crypto just because of the problems FTX has. Because I can still see more people who love crypto and Bitcoin here by not letting themselves be influenced by untrue news and also not making themselves worry.

DCA is always been recommended but you should also mind off on investing on the amount which you can only afford to lose and dont really tend to use up those life savings of yours.It is really just normal that

people would be freaking out on the time that they are seeing a bear market and eventually gets that confident when we are on bullish state.Its a normal human being behavior but only a few could able

to see on when is the time or the best moment on buying cheaper coins.It cant really be applied most of the time when it comes to strategies since we do have different level of
awareness and experience throughout the market.

This time is not new in crypto, a time of significant fall that may let some people to lose hope, but when the bull run start and the price has increased massively, it could be a mistake for them to be thinking of investing. The right time to invest is now.

What I could see are people that are speculating that the price of bitcoin will get to all-time-high, while also thinking bullish about some altcoins, but thinking the bear time may be long but it will be over again.

If you are buying gradually, I will not advice you to stop it, continue to DCA and you will see the profit of investing when many people are panicking as emotion is only showing them something wrong if no proper research is done.

When I read the comment section of any news article about crypto, its mostly people calling a ponzi scheme, a scam, do not invest.

There is so much negativity to crypto out there right now, especially with FTX, that its hard to see how 16K a bitcoin price can even hold. Most people that know nothing about bitcoin and how it works, but keep talking about the FTX scam and the fake monopoly money, the Ponzi scheme, I'm sure you heard it all.

In order to sustain these high 16K prices, high when you consider bitcoins were so much cheaper just a short time ago in the past, you will need a lot of people buying it and becoming interested in it.

I own close to 2 bitcoin now, purchased in the last few months so I'm under water on my investment, and am worried that bitcoin has run its course and now its just all downhill from here. I slowed up my bitcoin buying at this point because I see all the negativity out there.

I may purchase more at 10K though as that is what most people think we are heading to, even on this forum.

To sum up my point here, everyone hates bitcoin and crypto right now and I don't see it changing. I've never seen more negativity and FTX made everything a lot worse.