Bitcoin Forum

Lately, we have seen a lot of investors and crypto speculators saying that bitcoin's price movement is somewhat boring because it has been trading sideways for many weeks now. But I want to share something a similar incident or some scenario from the past. It was 9 years ago, early market's early stages but there's a pattern already. So this is a good time to remind everyone to just HODL and wait for the market to do it's thing.  :)

https://i.imgur.com/XDioLGc.png

https://twitter.com/rockerest/status/91885405368098816

the funny thing is that this stability happens regularly instead of being a very rare thing in bitcoin. granted the longer ones are still rare like this one we are currently in. for example during 2019 we had 3 stable phases with one being very long. the first being the long one during the $3k phase that lasted ~4 months while the other 2 were 1-2 months long.
and people react similarly during all, they get bored thinking bitcoin should always remain highly volatile and keep giving them profit! and they always forget that they should accumulate during stable times ;)

Alright, current price movements isn't boring for me, because silence is forecast of sudden violence. As we know current global economic conditions isn't so good at the moment due to pandemics. But comparatively bitcoin playing very well even during this pandemic. When we have a cure, then our global economy will bump. So, at the same time we would expect a bull runs on bitcoin price as well. Most likely OP points are valid, it would repeat once again. We don't know when it would happen, but the overall price trend indicating for good things.

When they say it's boring, then it's because they aren't making money from it. Some so called investors or speculator just loves the ups and down revolving around Bitcoin. Cause indirectly they are making money from it.

Unfortunately those who will believe whatever they say are new investors who are just overly excited about the whole thing. Cause they need something to hold on that shows they are walking in the right direction, they believe the so called speculators.

Welp, I've seen some predictions taking caution and waiting for a crash and I've also seen bullish posts. Whichever way it goes, there will always be winners and there will be losers on the trade. I doubt long term hodlers are bothered by these past trends and predictions though.

There's always two sides of a coin. While there are people who prefer a volatile market so they can keep on profiting (or losing) from riding the trends, there are also those who wishes the price to become more stable for higher chance of mass adoption. I bet it's the latter who are happy now.

bitcoin in a Kangaroo market.
https://preview.redd.it/u5odjw2jxj451.jpg?auto=webp&s=928fd9b0c1c915f33bc8c6b76d8453d8d45c06fa

Wow, I bet such people really regret they didn't stay in the game! It always seems unbelievable that Bitcoin would grow higher. I remember being pretty sure that $1k is a very impressive price and that there's no way Bitcoin will get significantly higher than this. Just a few years later it seems that when Bitcoin's worth around $9k or slightly below that - it's a disaster! Thanks for reminding how big of a change can happen after a period of stability. And, to be honest, I'm quite comfortable with stability around $10k. I think it's better than rapid growth with fees spiking and then an even faster drop with a long-long time of recovery.

Well considering the past I am happy that Bitcoin is stable now. Last time it took a steep down dive after halving in 2016.
This year we all expected the same to happen but it did not.

I am sure most of us are now mature enough and will not do the same mistakes that some of us did back in 2011. Some of them are still biting their tongue after 2017 gigantic all time high.

This is all expected, as we saw after the past halving there was a long period of nothingness. We’ll start to move up towards the end of the year slowly. The real fireworks won’t happen until mid to late 2021.

For sure they are especially when they see the price way back on year 2017, for sure they are shaking their heads and counting their possible earnings if they hold their bitcoins for more longer times. So for this not to be happen again maybe its best to hope in while the price is affordable and save it for future or if we can't afford to hold  thewe can hold the 50% for long term purposes and the 50% half is for investment.

actually 2016 was mostly different and a lot more complicated than you said.
the rise started 2 months before halving on May 25 and continued rising from $450 to $770 for about a little more than a month. then we saw a big drop on June 18 and by July 7 that halving occurred price had already come down and stabilized at ~650.

if we didn't have the Covid drop then the price movement would have been the same thing and price would have been $15k.

There's also Greg.

https://i.imgur.com/fjfQ3Pt.png (https://twitter.com/GregSchoen/status/70261648811761665)

https://twitter.com/GregSchoen/status/70261648811761665

Thank you for reminding everyone Baofeng. This is all about patience, it's not going to be short but not also going to be that long. Our patience will be worthwhile!

Everyone knows that the price will be very high after several years, but the short-term fluctuations are what make some people start profits quickly or gains.
The market has remained extremely volatile for long periods, and then we have witnessed a wave of stagnation, but the bad thing is uncertainty due to the fact that a lot of institutional funds do not know that you will invest.
investment will flow if the price moves heavily forward and everyone will bet on price volatility to create more liquidity.

Thomas must have been regretting all his life if he didn't buy back what he sold for $14. This stability of price happens almost very often before the jump. Somehow the investors back then are as impatient as today when it comes to waiting. Today the pattern is as obvious to happen once again and all it needs is more waiting once again. The coronavirus is making it more difficult to climb which the more waiting we do this time.

Most of the people before does not really want to trust the use of the bitcoin some of them already know the use and importance of the bitcoin but the problem is they ignore those times because they don't want to trust this existing coin, by the time goes by the market price of the coin are increasing rapidly and into the year of 2016-2017 the market price of the bitcoin reaches its higher market price which becomes popular to the news and this is a piece of good news because this encourages a lot of people getting an investment by that time some of them does have now a good motivation to make an investment and earn a lot of money and some of them now have a million-dollar market income.

It's all about patience, being patient to reach a higher price, because Bitcoin has a good future. People who have known bitcoin since its inception are those who want to try new technologies using bitcoin payments or just try it.
Holding bitcoin for years and selling it when it reaches 20k will make it rich.
But the thought of the high price of bitcoin still not crossed at the time.

Those who sell bitcoin at low prices will certainly feel very sorry.

If there was a time machine that could take me to the past, I would buy up bitcoin. LOL ;D ;D

Usually when the price plateaus, or goes sideways for a long time, I tend to do other stuff that could sway my attention from bitcoin and crypto for a bit. It's actually a rare occasion for bitcoin to have its price stable, usually lasting only for a week or two then a sharp decline or rise happens. In this case, we've been in the $9k ranges for almost 2 months now, and there's really no telling where this market is heading too, as the signs are still too vague at this point in time. Mostly those who are screwed with bitcoin are those who are impatient and are always yapping about how 'slow' or how 'fast' price movements are, like this man on twitter. Little did he know that if he waited for a few more months, he'd never regret buying into bitcoin in the first place.

That is really true word for crypto.
It is like if you want to earn some money you have to wait.
Like real world if you wanna make bread you have to wait fermentation. :)

One thing I noted is that these stable phases seem to happen especially often near or slightly below half the price of the previous ATH. However, if you look at the context, that's not always a good short-term sign.

Mid-2011: ATH ~$30, (relatively short) stable phase $14. (But afterwards, a crash to $2).
Second half of 2012: long stable phase around $15. (Afterwards: buildup to bullrun up to $260)
Mid-2013: first ATH ~$260, then a relatively stable phase ~$120-130. (Afterwards, a bullrun up to $1200)
End of 2015/early 2016: last ATH was ~$1200, long stable phase at $380-450. (Afterwards, a slow buildup to the rally of 2017)
and of course April to July 2020 at $9000-10000 (ATH before: ~$19500)

There are some significant "outliers", however:

First half of 2012: long stable phase at $5-6, at approximately 1/5 of the $30 ATH. (afterwards: slow buildup)
Mid-2015: long stable phase between $230-300, at approximately 1/5 of the $1200 ATH. (afterwards: slow buildup)
Mid-to-end 2018: long stable phase on $6000 (afterwards: crash to $3000).
Beginning of 2017: stable phase at ~$1500, slightly above the previous ATH of $1200 (afterwards: mother of all bubbles)
Beginning of 2019: stable phase slightly above the low of $3000 (about 1/6 of the ATH of $19500).

We see that "around half the ATH price" is definitively a price region where stable phases occur relatively often. Three of the four previous ocurrences of this pattern led to bull runs afterwards. (This could be a psychological phenomenon: if the price afterwards goes up it will approximate the ATH, what may give more power to the rally).

Conclusion: The current stability could definitively be a bullish sign, but it's not sure.

Thanks for a good explanation, yes, we might see some stabilisation and it could led to the next bull run, just a matter of time. I guess we can't really blame the guy for selling early, although early on there are a lot of early adopters, but there are a bunch of bag holders who also did sell and didn't hold like Thomas. Bitcoins is still at the early stages, and didn't see that it will grow this big. And it proves that holding mentality is really a very effective way, you just have the resiliency and the mental toughness not to dump and wait for the perfect time.

I remember the statement of Vitalik, he's once a writer of articles and he was paid with bitcoin, although he developed Ethereum, I believe that he spent so much time understanding how bitcoin works, that he also value it the most the same thing as other early adopters. I wonder how many bitcoin he hodled till now, and seeing news like this from the past for sure, will make us more determined to hodl instead of being afraid for a decline. Bitcoin already proved to be so volatile that what it takes to earn our losses is to wait for the right time.

I am not discouraging others to sell, but completely leaving bitcoin behind might made you regret after.

Imagine $14 back in 2011 to $20k in 2017, that was a mind blowing rise and anyone in his shoes will definitely have some regrets seeing such increase, that's the reason why patient is very necessary when it comes to investment, at that time btc was at it's early stage, lots of people who bought didn't understand it and was not sure what the future holds,
Even with this type of example,  many people are still too eager, i guess it is part of human nature.

Thanks for this, haven't really see it from the history just like this. but yup agree with the conclusion, I've also watch technical analysis and few of them believe its a bullish too, I know its 50-50 but I am planning to buy when it goes down to the 9k mark, just like what you've said, it could definitely go high, it may take weeks or months, so I'll wait.

Damn I wish I bought BTC back in 2011. ;D
Was there any active crypto exchange platform back in 2011?I wasn't aware about Bitcoin back then.
Usually,when the price is stable,I expect a price dump to happen,because there's no support for a price increase and after waiting for so long,many traders get tired of waiting and start selling.
Anyway,your advise to HODL when the price is stable is something like a self fulfilling prophecy.The HODLers keep HODLing because the price is stable and the price is stable,because the HODLers keep HODLing. ;D

It has proven beyond doubt investing in Bitcoin requires the maximum patient one can get, the volatility is a perfect and permanent feature. Stability in the other I must call it 'Preparation stage', it is stage that must be passed in the run, despite the volatility of Bitcoin it always has a time of stability which is sure to last couple days or weeks in a round figure count, and what ever the case it never stop moving. Only the strong minded investors who have built in patient could survive the nature of this currency

Sooner aor later we will see breakout from 9k price. Crypto price just cant be stable all the time

Yeah, holding is the best way to earn maximum profit from bitcoin. It is hard for bitcoin to become stabilized. And the history have shown us many opportunities have been missed and many people sold their coin with cheap price. New technologies require a huge amount of time to be used and utilized by people.

It is sad that currently I dont have much money to buy bitcoin. Im trying to work as much as I can to have some extra budget for this precious investment 

So we actually have a third cycle which is when the price becomes stable. But we seldom see it, because we all know how volatile the price is, we have seen it increase in minutes and hours and skyrocketed. But people are not used to seeing this, its been like two months already. But the HODL'el mentality will really benefit us, long term. And that is why it is somewhat being promoted here in our community because in the end, you will be all winner, and don't be like this guy who sold it at measly 14$ a pop.

Next year will be his decade anniversary of regrets.  ;D
We have a lot of this kind of experience.

I once saw on Youtube a kid who was so mad at the bitcoin price.
He was holding a cup of beer while screaming at the top of his lungs in front of a Bitcoin ATM.   ;D
I bet he also have the same regrets now.
I think the price was still at $600 back then.

Nah, come on. Regret is for speculators who think like that today but in those days we couldn't have known and it's thanks to guys like that that volume created the market. Pizza Day (forgot his name). Thomas. It's all part of market history that if it did NOT happen, may never have led us to the price we have today:)

Setting up expectation in order include decent amount of patience to maximize your profits.


Volatile nature gives a good sign of fluctuation that can head up.


Correct, those past investors who missed the ride are good examples to add more patience while investing to this market.


It takes time and good morale boost to stand firm with your investment plans.


That's the thing, money is your tool investing to this business.


Also, you can also look for extra source of income that pays bitcoin online.

To be fair to that person, the hodl mentality wasn't introduce until 2013 if I'm not mistaken. So maybe those early adopters doesn't have that concept and simply buying the hype and then liquidating them specially if they have profited. Regrets? Just remember the Pizza guy to understand what regrets really means.

I remember it stabalizing around $300 for a very long time.. then to $20k. That was a ride

It is only regular traders that won't like the current stabilized bitcoin. Long time hodlers and merchants that accepting bitcoin as payment processor always want a less volatile scenarios because if it isn't stabilized the price can go in any direction leading to profit or loss. The current situation is testing our patient just the patient the twitter guy and that pizza guy lacked

Everyday I ask myself "How will that pizza guy feel for the rest of his life". I wish I knew about Bitcoin the day it came out, not just knowing about it though believing to support its adoption would be all I will ever need. Merchants and the long HODLers are the ones making a longrun investment so far because in the nearest future, Bitcoin will hit the moon.

We can feel regret for the past, but we can not give up to get what we want. If we can learn from the past, I am sure that we can be better than now, and we will have the chance to reach our goals. In the crypto investment, we need to have patience because I see on that image, that man is tired of waiting for the price to jump. We should not be like him because we will regret when we see the price start to increase. After all, we already sell it at a price today. So if you want to make a profit from bitcoin, you should have a patient and calm down to see the price moving.

In the second half of the summer, I almost always observe a lull in all markets, including the cryptocurrency one. At this time, business activity always falls due to massive vacations. This year, the coronavirus pandemic and measures to combat it may make a correction to the traditional price stabilization. In any case, while such price stabilization is also necessary. Cryptocurrencies cannot continue to rise in value. There must be time for both stabilization and a fall in prices. The high price volatility of the cryptocurrency will still show itself. I hope that the second half of autumn will be successful for the participants of this market.

I guess we are all dreaming of getting back in the past just to buy bitcoin, I could've sold my house just to buy it so I can live in mansion now lol

Upon checking the history, the first crypto exchange is BitcoinMarket.com founded in 2010. Then the month after that, there were people who actually bought pizzas with bitcoin. That legendary pizza costs $18K now haha

When price is quite stable it is really hard to decide if you are going to buy or to sell coz it is just a blank space up there, so the best way I could think of is just to hold no matter what happen to the price, coz at the end of the day we all expect bitcoin to rise up.  ;)

People are too quick to forget things that happened before. When the price is falling they will complain, now that it has stayed stable they are still complaining that the price is stable, haha that’s quite funny. I am not even worried, I already took my position where I wanted it, a low price. One thing some investors never know is that during crisis is the right time to buy and that’s what I just did. While some investors are busy talking about if cryptocurrency will die off due to Coronavirus, I rather saw it as an opportunity and took actions.

Even at that level of $9,000+ I’m still happy with the price, I have not complained about stable prices so far even after I have been watching bitcoin prices within the same price zones for more than two months of time.

That twitter must be a big impressive one regarding to realize the power of holding. It would be really cool if we time travel by this kind of tweets and forum posts to enlighten ourselves about the power of long term holding and not getting panic nor frustrations out of stable or falling prices of bitcoins.

One thing is that for everyone that has experienced the last bull run especially as their first experience, must have learnt a lesson to work with in this awaiting one, the Twitter message that was shared was even for 2011 and that should be the maiden editing of bull run ever ,so I expect that the person should be a legend by now and must have made good use of the 2017 come back. I have learnt that every bull run is an opportunity of a stipulated time. So, no time to HODL unnecessarily.I've got to be smarter

Stability and votality. Which one do you like? I would like the second one, votality. Without votality, we don't have a real market with real interesting price action.

If you are marginal trade enthusiasts, you will like to see votality on the market because it brings opportunities to trade and get out in short time. However, it is stupid to keep your trade orders open when market is stable and wait for coming votalities (crash - up or down). Because if such crashes happen oppositely to your open orders, yours will be liquidated. Very high risks to keep open trading orders and waiting for crashes.

When market is stable for a long period, close your open orders, especially if they are marginal ones. Then, hang out to relax, and refresh your mind, your eyes, and come back when market moves again.

I remember in May 2010 someone pays 10,000 bitcoins to a 2 Large pizza of Papa John's pizzas. It still hilarious if you think today papa john's pizza will surely be a bitcoin millionaire today. The main point is bitcoin is still on primeval stage much more to happen in the future because the circulation supply of bitcoin does still not reach the max supply of 21 million bitcoins. There are still 3.5 million bitcoins that are still not yet mined so let's be calm and chill, forget the price of bitcoin today. Let's hope that one day we are the next bitcoin millionaire.

I think this is much worst, if true, actress Lily Allen refuses to accept 200,000 BTC back in 2009, She could have been one of the bitcoin billionaires back in 2017. BIT UNLUCKY Lily Allen turned down chance to become a BILLIONAIRE after refusing 200,000 Bitcoins to play 2009 gig (https://www.thesun.co.uk/tech/5067093/lily-allen-bitcoin-billionaire-richer-than-madonna/)

I dont own bitcoin few years after it was launch, back then it was not popular yet and I think those who bought but didnt wait for price pump might regretting their decision of selling at the wrong time.

Sometimes its not easy to hold if you're not certain for the future of a crypto. But on the case of bitcoin we already know the past history so its a lesson for us to have lot of patience and set aside our emotion to not making a decision that we might regret days or months later. Its stabilize currently but its not a bad thing though, much better for me rather than declining.

These kind of words or sentiments are just for those people who are impatient and do only mind of on making profits or money on a very short span of time or shall we say that Bitcoin didnt able to met their expectations towards it thats why when the time its prize do stabilize then they do already make complaints.

This doesnt only happen once,twice or thrice but this can happen anytime on this market and if you've been here for couple of years then these kind of circumstances wont really be a shocking thing for you.

Bitcoin can move  sideways anytime and  we cant deny that making out decisions on these situations is really hard.

Indeed History keeps teaching us lessons from the past which means we have a great hedge in understanding the market trend better than the early birds because crypto market seems to be working in a circle and we saw how it unfolds years back, so definitely there will be a huge run very soon!  I just hope everyone would have enough stock in his/her portfolios then

I don't feel bad, I feel good, I'm enjoying the time. Time is much better than other bad times for me. There is no time to think so much when I have invested here. I'm just wondering what might happen next. Just waiting for something very good.

It's like that saying *fools rush in*, isn't it?
I know there is a lot of pressure from people on the internet saying bitcoin is dead always the price start falling, so it's important to be very focused on your goal: if you believe bitcoin's potential and if you have been following its progress since the beginning don't change your mind just because some non-adopters are badmouthing bitcoin and making fun of its enthusiasts, otherwise you will be the one prejudiced later, not them, as you are the one holding these coins.

This market is still new and i believe we are still yet to see it full potentials, but with the way people are looking for financial freedom, i believe bitcoin and other cryptocurrency are on the right path to massive adoption. The current price of bitcoin does not define t it's potential yet but i think with time the market will get there and every believer who hodl very dear will smile shortly no matter how pretty slow things seems to be.

When Bitcoin stay much long  on the accumulation stage, it is an indication of a big thing lies ahead. I am just HODL and not even moved by any market sentisation.

Therefore patience is the key to success in the investment world, I am not a person who would easily give up when seeing the boring market like now.
We should not repeat the mistakes made by Thomas Randolph who decided to sell Bitcoin in 2011, because I am sure that it will not be long Bitcoin will
surprise all of us with a pump that can at least return to the price of $ 20,000. So just hold the Bitcoin that you have, I'm sure we are all can make
a big profit from Bitcoin.

It may also have a major dump right now a lot of speculators are in the bear side, for me it's pointless to predict what Bitcoin's price movements will or what the charts say because even Crypto trading experts are just guessing right now.
The best thing to do, is to set up a stop loss in case a break out today occurs to the downside.

This post proves that it's never to late to cash out. And we must be patient because Bitcoin volatility isn't here to stay for years.

Well  I can cconfidently say  people like him really regret they didn't hold bitcoin.Bitcoins price rising in that growth is like a miracle. Just a few years later it seems that when Bitcoin's worth around 10000$ or slightly below that is terrible.Actually I am pretty much happy bitcoin is now stable around $9-10k for a while it's better than hard pump or even fast dump with big time process recovery.

It's never to late to not cash out and turn your savings into BTC.
Is your main goal in Bitcoin to cash out? I'd rather think how to turn my coins into physical goods. How to buy a car or a house directly with BTC, without ever touching centralized exchanges and fiat money (including cash).
The current price is very low if you look at the big picture. We will most likely go beyond 100k per coin or die trying.

Sometimes, we should take the risk. If we sell all the time, then market will not be right. Cash out is safe but it is not for always.

A great reminder from the past.  It's funny looking back on these old threads and seeing how far we come today.  Personally I thought bitcoin stabilizing in the 9,000 range was awesome and showed maturity that bitcoin desperately needs. Why complain, it's not all about making money.

when they say that one should not put feelings in the world of investments they are not lying because when one puts feelings one will always think: "if I had buy, I would have earned X profit" or say "if I had sold before I would not have losses".

Today the price is $11000, but it could be $8000 or $5000. that's why I don't put feelings

We have come a long way from the past and price had to rise it was only matter of time when, and now we are seeing how it has touched 12k levels as well and ready to test and resistance at this level. If things continue to go well then, we may see bitcoin price even crossing 13k levels mark and this will help all the investors and new holders as well.

It's the result of our past experience with the market these past years because we all know what would gonna happened after this sudden surged. the price will go back to normal after this one and that's just the only thing we have seen so far throughout these years. The good thing is, whenever the price go down again, it will have a higher chance of rising over and over again base on what we have seen previously. Whenever the price will climb like this one, don't lose hope if you didn't buy at its low price. You will have your chance again.

The boredom of this people are resulted from their dismay on not making money the way they wanted.
They just depend the opportunities trough the volatility of Bitcoin most of the time.
Long time enthusiasts, have learned to just play along with the movement of the market and thus, wiser in decision making.

Bitcoin stabilizes prices just for the altcoin to grow stronger. If in a particular chart bitcoin fails to break out of resistance then consider closing the order and waiting for it to drop I feel I should watch bitcoin's price action before trading and preserving my capital. If you are a margin trader, limit the use of large leverage in your trading. I think bitcoin will soon hit a new ATH next year so buy them and keep them safe.

Stability is something super rare is crypto market. However, usually bitcoin stabilized in some price we expect to see in on a bullish market soon. maybe near soon after the break of the 12K resistance area we can see the same thing happening. Stability is depended in bitcoin whales too during this period of time a huge buy from whales can dump the price to much higher prices.

Lots of posts like that in the past, particularly in the last bull run, I think the bull run are already near or it's around the corner as I have already read the popular word "HODL".We never know actually if the bull run will come or not or it's just another bull trap that we will experience soon.

I believe on HODL of course, but I never intend to just HODL on my investment, I also do short term trading as I want to take advantage on the price volatility.

At least my strategy helps me to benefit from the short term and long term movement of bitcoin.

yeah posts like that can reappear because of btc value which is volatile .  bull run can be right here already and its on its on stage 1  but the word hodl is permanent .  bull run or not , people were advised to hodl because this is the way you can earn more or not loose .  

if you did short term , you are still clasified as a hodler dont worry  . trade still requires to hodl even if its only a short time because not all time price is in good condition for trade

Perhaps it is time to change your view on Crypto trading. You should diversify your portfolio and own some of the top 30 altcoins on coinmarketcap. I think that stable bitcoin value is an opportunity for better altcoins to increase in value. In this case, altcoins certainly have higher rates of return than bitcoin.

Right, there's literally many posts in this community alone. However, they didn't have this HODL mentally that is still the best strategy for those non crypto traders.


I think smart investors really know how to diversify their portfolio, but for sure majority of them are putting more on BTC. Those alt coins is very volatile than bitcoin, of course you can make profit out of them if you know how to take advantage of pump and dump situations and could give you higher ROI than bitcoin, but bitcoin is still the 'safe' crypto to invest.

You say very right. During downtrend, Bitcoin only dropped about 6 times from 20k $ to 3k $. And altcoins have fallen extremely strongly, some cryptocurrencies have divided 1000 times and disappeared. For the top 10 altcoins also dropped a lot, ethereum is down about 18 times, NEO is down 24 times ... and a lot of other altcoins. Bitcoin deserves more investment than any other cryptocurrency in this market.

I am among those who make the same mistake as Thomas Randolph, thank you for remind me again about this.
When we see that the price of Bitcoin is stable, it is a sign that Bitcoin will pump, this incident has happened repeatedly.
That's why I didn't sell Bitcoin when a few weeks ago stabilized at the price of $ 9000, it turns out that my guess is true
Bitcoin managed to pump up to $ 11,800 now.

As well as the way altcoins go down, they grow rapidly at a rapid rate. I noticed that traders have changed their view of the market since 2018. They were wiser in their investment strategies. Currently, the market has grown to a high level, all indicators along with news continue to bring the market up markedly.

I agree. Bitcoin performs very well during the pandemic and crisis. When things fall into place and economic capacity reaches its old level, I am sure we will see the Bitcoin pump along with the global economy.


Great tweet. It should be printed and framed as a reminder for everyone.

It shows how much patience they were but only after years they realized how stupid they were.Even if the bitcoin get stabilized I would be happy about that because that is one of the main reason for not accepting bitcoin as payment, if it stay at a particular region permanently then people will start thinking about using it regularly for payments not for the investments.

There will always be people who will say that bitcoin is a Scam and it will never take off. But as practice shows us, bitcoin always takes off after some time and everything moves in a circle. Don't pay attention to what speculators and speakers say - they are paid good money for it.

The more you treat bitcoin as an asset, the stable price will continue to exist and we will often experience sideways, indeed in the market, this situation will look boring because we also often see altcoins that have faster fluctuations than bitcoin. What's more, we have often encountered situations like this in 2018-2019, there were also unexpected leaps,xxxx and most users themselves did not know about it that when we sideways we think for the best and worst situations.

But I think people will not just use bitcoin as an asset because many people out there want to increase their bitcoin amount by doing many things.
That will make bitcoin price will not stable and will always fluctuate. But the sideways moment will happen if the market doesn't have many movements from traders.
And if that happens, we need to be careful because sometimes, the price can get a flash dump quickly.
Maybe we can take a lesson of what happened in 2018-2019, so we might get more clue or predict where bitcoin price will move.
But that still difficult to know where the price will go.

That's something that needed to considered, if there's no transactions and usages that will take place
the value of bitcoin will be stuck.
We need to help adding more people's awareness in regards to this investment currency, the more we
usages the more circulations and the more people will engage.



It should be understood that risk are there with volatile market. Knowledge is very important to know
what to do when worse scenarios happened while you are still inside this investment.

Bottomline still is the low tendency of this market, in general, to be predicted, regarding its behavior. There were many times the market price became stable at a price point e. g. $8k-$9k. Well, indeed thr price at this moment is again giving hopes to many people becausr it again broke a market price resistance, and that is a good thing to see. But always keep in mind the nature of market value volatility. Reaching its ATH this year could be possible. The thing is the word "possible" simply saying that we have no assurance. So definitely, to hold is the best thing to do.
Maybe he meant less volatile. The market value moves from time to time.
In my case I do always see the word "HODL". People will tell you to hold when the price is falling and same thing when the price is in upward motion. It is a good thing if you will have your own action whether to sell or hold.

I must be spending so much time in the forums and elsewhere I'm actually beginning to make sense of all these kinds of commentary haha. But no, it's purely the speculators and traders moving the markets in the short and medium term. And you can't credit the holders either for long term price valuation, they're actually also responsible in mid term bubble growth and burst (For when they do liquidate).

I also felt that I had 7 bitcoins in 2014 at that time the price was around 230 $ and I only got profits almost 100% that year
when I remember it again it makes me very sad if only I was able to hold bitcoin for three years I could get a huge profit, it really makes me want to turn back time

BTCBTC When Bitcoin stay much long  on the accumulation stage, it is an indication of a big thing lies ahead. I am just HODL and not even moved by any market sentisation.

Bitcoin sometimes goes in a recession period but I don't think that selling is a good call instead of HODL on days like this. People should be more patient in the market. Otherwise, too many people start to sell and it affects the price in a bad way too.

Those who have been in the subject of bitcoin for a long time already know that all cycles (price growth and fall) occur after certain periods of time. The maximum prolonged period of trend movement can be determined for a maximum of a year or a year and a half, and after that there will definitely be a pullback. This is how all financial models work in any trading market, whether it is Fiat currencies, gold and precious metals, or cryptocurrency on the blockchain.

It is also seen that when BTC stabilized, alts began their run in the not-so-old days. Whales, bots and investors love it big when they like to stretch the timeframe to show a move, a big move which shakes the entire market. But the real fun is in hodling and waiting for a price pump as we all are familiar with what Bitcoin is and nobody knows its true value. When some defi shitcoins are pumping like crazy and even crossing Btc's price, we cannot imagine what is BTC's worth tbh. Those who sold in early days or broke their hard disks or threw them in garbage are now regretting on their decision. We should have the will power to hodl, and BTC do the magic later.

If bitcoin continues to rise in price and fall, it will certainly be beneficial to those who are ready to use it to increase their profits. Overall, however, such high price volatility will deter those looking to use bitcoin as a means of payment. In any case, with significant price volatility, the state and their bodies will not use such a cryptocurrency in their activities. Therefore, periods of relative price stabilization are also important to increase the liquidity of bitcoin.