Bitcoin Forum

Based on some recent post i got some question to ask community
1) People were regret about not buying bitcoin while price was too low . Now price is low compare to last 4 months . I am asking question how many are investing now ( Or in your community).
2) People made crypto market as overnight millionaire concept . Like investing thousand dollar and expecting ten thousand dollar profit in month . Once they dont get or started falling they will get Panic .

My conclusion : People who dare to invest while whole market is rejecting or No market was established they only won in crypto community .
Finally crypto is not the place to invest 1$ expect 1000$ as profit .

well said even i thought about this there is lots of people asking about crypto coins how to become millionaire in overnite . I dont understand how these people looking crypto currency market . Its really good that these ckind of greedy investors going out of Crypto community

In my opinion there think many thoght that crypto would make them millions overnight but they have to remember that the ones that did were either in bitcoin and crypto currency from the very beginning or had alot of money to invest on the way up.
People who invested smaller amounts when prices were at a ath have panicked and have taken any gains they could but they could be the ones in a couple of years thinking if only...

Anyone who bought at 12K or more is in deep deep trouble.  Will they ever get their money back.  I have no idea.  There must be a lot of people who bought at 12k plus or even 10k plus to have driven the price up os much a few months ago..  And yet again today the price is going from low to a bit higher today.  I'd say if you had the money to buy low take your  profit when you can.  Don't be greedy and hold on for the moon.  It probably won't come. 

I won't say it's greedy but it's definitely stupid to invest in a market an expect huge returns in just a few months. Things like that can happen, and they sure did, but they are not sustainable or healthy. It's perfectly normal what is happening to bitcoin right now, and I still think it's a good investment. Another thing that is very stupid, is to make an investment without having any knowledge about what they are buying, and keeping their main focus on it's price. Most people bought because they saw how fast BTC was growing, and now that the market is going down, they are panic selling and there is no reason for that. Bitcoin is healthy, but it's still very speculative, and people should know that. It has potencial, but it's a very risky investment, and people should do it for the long term and be prepared to loose money in the short term. If they are not ready for that, then they will lose everything. Not because they are greedy, but because they don't know how to invest.

If you invest in the right time on bitcoin we can sometimes profit thousands of dollars overnight, and that's not easy, we must learn to invest long-term and try to practice patience.

Success can't be done in just one whole day. Unless you are a lucky winner of a lottery. People who join in this forum and become a bounty hunter or an investors of cryptocurrency wanted to be a millionaire in just a day, they risk their capital without knowing what they really entered. That's why a lot of people are being fooled by scammers because they treat crypto as a one day investment, one day millionaire.
Ignorance is evil, God gave us multiple intelligence to think wisely. So, we must use it not in accordance of our will but how it will benefits us and at the same time ruin our lives. Cryptocurrency is a profitable way to earn but do not think it is easy.

This past few months has been an eye opener for the people who thought that it is easy to earn in crypto market and have an overnight success. Last year, bitcoin and cryptocurrency in general has been trending because the price has made a parabolic move and many people entered the market not knowing the risk involved or knows there is risk but assumed that it is not that high.

After a few months, they bought bitcoin with the price double in which case they already lose 50% as what it is now and many regret why they got involved in the first place. Some even borrowed money just to invest in bitcoin only to find out they are in the losing side now and can't even pay their debts. I think some people will get out of crypto totally while some would try the trade and get back what they lose and still continue to earn bitcoin.

I know just that many sold at loss because it's hard to belive that it will go up if you don't have support from others telling you otherwise. Given the fact that people that bought at the peak are the average John Does who see only how fast it goes up and want fast and easy money. Those, the same people are much easier to lure into scams that occur on the Internet for which I am sure many of you are familiar with. At least or hopefully they will learn from this lesson that for everything in life you have to be patient.

You are right the people who have the dare to invest when the market is red are the one can make more money if you invested while the price is at peak then don't expect a return.For that you need to invest the affordable money for you to lose.

2) These people are called weak hands, they buy into the hype expecting unrealistic rewards, and then when the market goes south, they cash out at a loss and in doing so make the average market price a little bit lower. If this continues in succession, the price gradually get lower and lower until a plateau is reached.

People are regretting to not bitcoin when the price was below 1000$ and not when it hits 10k$ and above as you said last 4 months. 4 months price is different on last 4 years price. Those who buy in peak price is not a real investor but those poor people that just influence by there friend to buy bitcoin with a promise of having a guaranteed profit.

I think a lot of people are getting rid out of crypto right now especially the ones who invested because of the hype or the quick millions idea in just a few months. They are not yet experienced well enough and would chicken out when bear market comes sadly they are the one's who will be rekt badly in the end.

I think there is not too much people who dare to invest right now, because price going up and down around 10% daily. I believe that many people panic sell bitcoin this days especially those who bought it for $15 000 or more because they afraid for losing all. If I bought it for $15 000 I wouldn't sell it now , I will wait till price will goes up even if I need to wait years for getting some profit.

I think yes some of the weak hands people sell there holdings from a basic fake news. Some of this people dont have enough experience about the history of the coin and dont know that if they have a dump just wait and it make it pump. Getting greedy is make lose of your profit so if they dont have enough money they will stop working on it.

Greed of human-being to  become millionaire doing nothing or investing very low funds has always been the big reason behind their  exploitation by the big sharks.  Clever big investors are in reality the drivers of market moods.  The market moves upwards / downwards mainly because of their speculative transactions. 
Small investors get trapped into their plans and invest their funds expecting more and more returns.  Sometimes small investors will buy at very high rates because big speculators spreading rumors of doubling or even more rise in very near future.  As the speculators are very cunning people they will start unloading their stocks at higher prices though motivating small investors to buy at those higher rates. 
Soon big people will have sold their stocks at higher prices to small investors and as a result the sources to buy with the small investors get dried up and now there will be no buyers in the markets.  Ultimately the market starts falling.
Again big investors will not start buying till the prices fall to the levels they wanted.  Again the circle starts. 
So clever cunning always gain and greedy innocent small investors will loss just because of their foolishness and greed. 

Now its right time to invest people can predict higher return by holding long term may be more than year its not the place to gain profit in overnight . Even i learned the lesson for lifetime in crypto . Buy when no one believes on awesome concept . I already took some coins never look back until year end.

Exactly. There was really some point in time where everyone is shouting around that bitcoin is going to the moon. So a lot of inexperience traders suddenly pounce and get in the market but was murdered in the 3 months because suddenly the trend shifted to bearish one.

And now even though that the price is good enough to throw a lot of money in there, they are afraid because they got burned and doesn't want to go back at this time because of too much volatility and FUD.

But if you will just used logical reason, one should not expect $1 to $1K profit overnight. Those who become crypto millionaires holds like 2-5 years minimum.

It's not greedy people that are getting out but rather weak handed investors who probably bought at the height of the bull market thinking it would keep going up and now they are scared and selling.

Right! For any particular industry, the early adopters are the ones who always make good amount of profit. I started with bitcoin when the price was standing at $450 so you can calculate what is percentage of my profit now. But I also know a few people from my facebook list, those who have invested in bitcoin when the price was $18k. So they are making huge loss. They are the kind of people who just invested to get overnight profit because someone introduced bitcoin to them in this way. The person I am talking about, had purchase 3 bitcoins at $18k. It is a huge amount of money in my local currency.

Bitcoin was initially started its journey to become a p2p currency system. However, we have diverted from this goal long back and bitcoin has now became an investment asset. Even I have kept the major percentage of my bitcoin holdings in cold storage as an investment. But the greed is actually good for the bitcoin market. The more greedy people we will have, the more buying we will see, pushing the demand and the price higher together.

People would always have a tendency to get greedy by nature this is just natural. Especially with the present condition of the price which was not as we expected to get high. Investors has been loosing with the falling from the previous months and they are trying to regain their loses and they will do what ever it takes to avoid more loses. In Every imvestment there is always risks it is very important to understand the nature of our investment and always think of a plan B and plan c.

Greedy people is like a hungry wolf,they will only hanground to take a bait..we know about this attitude as they always there when theres a pump,and cried when dumps happen..but i guess they are all take the losses when this second dip happens as they put invesment whe they think the january dip is enough and didn't anticipated that this will happen again..sorry for them and hoi wish they will all leave here

I do not know, sometimes greedy people always use some cryptocurrency, and bitcoin to make their money more, and I think it's not greedy, but hard work, and ready to take risks. even greedy people also need to work hard to make money.

Thank you for reiterating what we have been saying all this while. But the issue is a whole lot of people who are investing as a result of their half baked knowledge that bitcoin or crypto is where to quickly turn your $100 to $1000 with the aid of the media are either not on the forum or they have fallen prey before finding their way to the forum because that is what is being preached since I joined which I believe anyone who has listening hears would have taken to before  committing resources. Crypto is risk itself and until they all get that, they would still be living in ignorance and making money for the smart guys.

maybe you have experience this feeling of panic when bitcoin market price drop and you get worried on you investment. We cannot say anything like this if we are not able to experience it. Anyway, not all investors i guess will panic about bitcoin market price drop. Some of them are experience already and know already the nature of bitcoin at the same time profited already in the bitcoin system. So probably they will not get scared like those who are new in the bitcoin system. Somehow i could not relate that kind of feeling since i am new in bitcoin also. So i could not say something about it. I am just looking for the possibilities to and sensing the possible feelings that an individual could get. Well all of us well going to learn anyway. So experience will teach us the thing that we are not used to and that includes panic in in the bitcoin investment.

Regarding this particular sentence I would say that cryptos in not the place to make a x1k anymore, until few months/years ago yes. This year if some coin will make a x10 will be a miracle...

I don't think crypto currency is a market that makes you millionaire overnight. If that will be the mindset of an investor then they might end up losing their investment because in every crypto their are corresponding technology behind. Without even knowing the technology backing each crypto is just a waste of investment.

Greedy is good but not all the time. Sometimes we are intended to do something good but we can't predict the price when is going up and down. Greedy must be threaten properly and it should be done by our self. Don't be an instant millionaire, educate ourself before spending too much money.

There are people who were lucky to have experience earning such a big amount in a very short time but maybe it was before the end of 2018 last quarter when the market was at its peak. But then the market situation is different at this time, bitcoin value is too low and all the coins are in deep as well. Prices are too unpredictable that greedy people expecting huge profit will get disappointed and would end up loosing a lot. Attitude plays a big role in bitcoin trading, it can lead you to money or throw your money into pit.

those who are only looking for big profits when bitcoin prices rise, will come out when bitcoin prices fall. they will never think to hold long term and they only think of the profits in a quick way. that's why they are called "greedy".