Bitcoin Forum

Ups and downs of crypto price are the crypto way. Happens all the time. Happens to both old and new crypto. Crypto is for holding for a long time for maximum profit.

Recalling History :

• Bitcoin went from $19,000 to $3,000 Then to #60,000
• Ethereum went from $1,000 to $80 Then to $4,000
• Dogecoin went from $0.001 $0.00008 Then to $0.1
• BNB went from $400 to $60 Then to $500

And we also know, that Shiba INU from worth $1000  down to $2 for almost a year. Later Shiba INU worth $1,000 became $10m!


How do you think people got rich in crypto and hold Crypto worth tens of thousands and millions?

The answer is that they buy when the price is very low like in the current market. Now is the time to buy. That being said, Bitcoin before went from $19k down to $ 3k and smart people bought Bitcoin at $ 3k! The same thing is happening again. Crypto price is all about up and down. The rich buy crypto when the price is very low like now, keep it and the price increase 10 times + from $1 to $100+ then they sell with huge profit. So make sure to buy Crypto now and wait.

Buy and wait. The next Halving will be on 2024. That's a long wait. But yes sure, can't believe a $1k worth of Shib is now worth $2.  ;D

Lots of so called experts actually are saying we are at the bottom already which there could be a bull run again. We may not know until it happen but hey if you are willing to wait, just do it. As long as you won't spend your BTC and wait for the price to go up, you won't lose anything. There - that should be encouraging.

You already know the answer ;D

But unfortunately, a lot of people who join crypto don't know exactly what to do so they just buy and wait and sell when the price drops. Many of them can't wait for the price to increase again because they only hope that the price will increase quickly once they buy.

If they continued to think like that, they wouldn't gain as big as people who had already obtained it but they would only suffer losses. Investing in crypto is all about patience and choosing a good coin to hold so that it will pay off in the future.

Actually most of top coins will always follow Bitcoin price, so it's useless to compare the top coins price as we're only need to look on Bitcoin price to see the market is bearish or bullish.

Yeah, well said in theory but we don't know about the reality. The question is how you can know the bottom? Which person can guessing Bitcoin price will ever touch $3K at that time? Mostly those people who bought Bitcoin at $3K is DCA-ing Bitcoin.

Long term, you must know some fundamentals.

• Controlled supply (https://en.bitcoin.it/wiki/Controlled_supply)
• How is the 21 million Bitcoin cap defined and enforced ? (https://blog.lopp.net/how-is-the-21-million-bitcoin-cap-defined-and-enforced/)

In addition, if you know the Bitcoin adoption rate is faster then the adoption rate of Internet which already totally changed the world, what would you wonder about future of Bitcoin ?


Ups and downs, dips and blast off now will become flat in future, just like what consider past ones as flat now.

The holders are already aware of this and like we all have observed, the pro traders never declare publicly that they are pros, rather they remain quiet and observe what others are doing. Therefore the majority of panic stricken posts and messages come in from the random group of users who bought in at the wrong time. These people are new and less knowledgeable about market movements and they are the targets of whales to sell on.

When a bear market is ongoing, selling will happen from these weak hands and not from the whales. While there may be some holders selling as well it is usually less in number.

Either way, newbies who got affected by the bear market, should learn their lesson at patience and how to hold through a bear market instead of panicking.

First I think doge rose more than $0.1 , it got around $0.72 and bitcoin touched around $64k. That said, mm nobody is able to predict the exact time that it is real buttom. Price is down now but some are still predicting more fall to $8k-10k. So some decide to jump in now because of bull FOMO while strong willed predictors still feel it has more bear to do. Up and down is rthym of the market for sure but I expect another ATH after the next halving.

It is obvious that you yourself are confused in the figures you presented, since they do not reflect reality) I cannot recall such a reduction in the value of BNB that you are writing about, since there has never been such a thing in the entire existence of this coin. The same goes for the Shiba INU coin, which has never been worth $1000.
xd

The comparison you mentioned is illogical, you did not compare cryptocurrencies on several big down trend, but rather on dwon or one major correction, but most of them fail to achieve gains after they collapse for the first time.

• Ethereum coin only tested one time.
• Dogecoin gained fame because of Elon Musk and don't expect to back to ATH.
• Shiba INU is just a worthless copy of Dogecoin and has no value, you will lose your money if you invest in it for the long term

It's normal on a volatile market and would naturally follow along early on but it wouldn't last forever, so don't assume that one can forever profit off of it. Take your time, we're only a decade in, and even if we consider how much the internet has helped in spreading and increasing Bitcoin adoption, it's still only a measly 10 years, there's still time for people to enter and take profit.

Though I don't think you can compare Dogecoin and Shiba (Probably, never really paid attention to it) to Bitcoin cause even if the scenarios were similar, the reasons for the two of them (imo) are different.

Are you sure this is the lowest, what if the end of this year drops even lower than now, for example Bitcoin, do they not lose and how all capital has been wasted at this time, that risk must also be considered.

In my opinion, for now if people want to buy crypto/Bitcoin, it's good to have three methods, in dealing with capital.
E.g. capital: $5000
1. $1.666, buy now.
2. $1,666, see the development of the crypto market in the next 2-4 months, if it goes down buy again.
3. And $1,666, just in case, in case anything unexpected happens, I mean even lower vantage point, point 2.

Sure, if I'm going to do such a method.

Trading/investing options like that, you will most likely reduce the risk of big losses, profit if it is currently lower and will go to another month, what if the fall is worse.

Great, I am the follower of this particular formula. You can not win the crypto market if you are not patient enough to wait for an opporunit like this. Most of them call this as blood bath, crypto going to hell and what not. But thats completely non sense, they forget that this is the real opportunity and one should not be bending it over. Many of them cried when bitcoin went from 3k to 60k in the past, they did not even try to buy it when it was slowly moving towards new high. Always kept asking question like when bitcoin movement will stop, is this opportunity to buy and what not! That's completely insane, they should buy and keep buying when such bear trend is on the way.

I don't know if we really did hit the bottom already but there are signs and indication that it had already did and as well as the capitulation. We may never know this things but base on experience, you don't have to go against the trend, it's true the saying that "trend is your friend". Blind investment wouldn't get you nowhere unless you really have that risky appetite on you, but if you don't, better have a financial advisor with you.

The definition of the word "up" is from lower to higher, and you either got it wrong or did it on purpose so we wouldn't be fooled. I know for now the market will give a strong push as if there won't be another bear market after that. But there is still a bottom line below the bottom line or there is a decline below the decline. Waiting for the halving is not easy. Unless you have spare money elsewhere. Not all traders are in a favorable condition. Especially for beginners who are easily carried away by emotions when they see a slight increase right away without even thinking about making a purchase.

This is just really looking for long term perspective but in overall it was really just that showing off on how far we've moved after a decades time and we know that not all people are really that patient enough on waiting

for that long but well it does vary on preference since not all would really be that patient enough on seeing or on taking action in regarding with their investment thats why we do see that people will really be having

different takings and different actions on what they are currently seeing on the market.Patience is virtue but there are times which you do really need to make out some immediate action.

I'm having trouble understanding, since when did shib reach 1000$? and since when did shib reach 10 million?

here:

https://coinmarketcap.com/currencies/shiba-inu/

https://www.binance.com/en/trade/SHIB_USDT

even if I put a 1 year chart I don't see anything about $1000, it didn't even reach $1 so how are you talking about $1000? what part am i missing?


in this part I am 100% agreeing with you, the best option is to wait for the price to drop a lot and buy and sell when it reaches the top, for that one needs to have patience and knowledge of the market, because one can be wrong that 29000$ it's time to buy and then the price drops to 10,000$, this scenario that I just described must be happening to a lot of people right now, because everyone is looking at 29,000$ as the price they need to run to buy

Every user here has different financial needs so we can't blame them if they can't wait that long and see the improvement of price. Also, only valuable alts will have the chance to increase their price throughout the years. But if the foundation is weak and the team is anonymous, the likelihood that they will disappear in the market is very high. So if you have long-term plans with your coins, better be selective with your investments. One sure thing that won't disappear is bitcoin. So for me, you can always include btc in your portfolio.

Getting rich in crypto still requires a lot of work and patience, because there’s no overnight success here and everything is the result of your hard work. Some traders wants an instant profit and the result is not good for them, it can discourage them from investing again. If you do have a dream or goal in life, you should not give up easily and the best way to achieve that is to make yourself knowledgeable about important things here in the market. Patience is very important, the volatility of the market can still give you good benefit so better to take advantage of that and reach your goal step by step.

Yes, buy low and sell high but do you know that this thing wont really be that simple as it sounds? You would definitely be having those doubts anytime you do see a bear market which is something unavoidable.

Its really that regrettable on missing out opportunities and we do wish that if we could turn back time then we would have accumulate lots but we know that this isnt something giving out some assurance
because its impossible for someone on having no thoughts on what if the price would go down even more kind of lines or words?

For sure people would be finding it confusing or something in relation with fear of making out any decision that's why risk-taking would be the main word on here and does vary on each person.

Definitely right and it was proven and tested for how many years.
This is a very normal scene of BTC price, the up and down which makes their price so volatility. But have you noticed that BTC always ended up at a high price and always create a new ATH?
That is right, we need to extend our patience and wait until BTC will reach a new ATH again which is a lot of people will have a benefit from holding BTC and sell in the right time or never sell much better.

investing like this is just a game of waiting for the right time, unfortunately some of us could hardly go against the market psychology because it's like going against the current and that is hard.
Basically even if our investment has been down more than 50% it's still an unrealized loss as long as we keep holding it for long waiting for the right moment for making profit.
that's literally the only hardest thing in investing, but eventually if the altcoin that you are holding is good, you are already destined for gaining great return of investment by holding long term.

Getting money from cryptocurrency is not every thing and any time cryptocurrency fall all hope will be lost, cryptocurrency if you are holding coin try and hold it strong because cryptocurrency, this is the pattern since i know cryptocurrency, it makes people to lose hope and when it wants to recover it recover fully with out stoppage, those list op make is what will contribute to discourage long holders of any coin weather is bitcoin or altcoins, don't fear hold your coin because I'm holding my coin until bull market

Yes it  is very normal for the cycle of up and down trend in the crypto space. Moreover, it is now heading to bearish era. This means that every day may be full of price drops although it may also increase, it will not be significant. Btw related to our holding, as long as the coins or tokens that we are holding have good market cap, we may not really worry. Although I also know that everything is risky in crypto world. but at least, we can decrease the risk by holding top coins only that are no hype. Moreover Bitcoin, it is just a matter of buy and hold.

For people who have been in the bitcoin world for a long time, you must know that bitcoin always reaches its highest price at a time and always creates new ATH. The problem is that people who just joined bitcoin don't know it or don't believe that bitcoin will increase again after being at the bottom and that makes them panic and can't wait for the price to go up.

If they could wait patiently, they would get a big profit and their wait would not be in vain. In addition, they also have to pay attention to when it's time to buy and sell so they don't get stuck in high prices when they buy.

Good things come to those who wait. As long as you trust your holdings as well as their capability, patience would really be the best thing to do especially during this market situation. Crypto is volatile and the cycle of the bullish and bearish market is necessary. This is the challenging state for most of the investors but great upcoming events especially the Bitcoin halving would have a positive impact on the market so let's just keep on holding.

It is obvious that not all coins, after the end of the bear market, can increase in price to high, while installing a new ATH. Therefore, it is very important to conduct your own research before buying a particular coin, otherwise you may lose your money.

The main problem why some people can't make good profits from crypto is lack of patience, some people think 2024 like a very long time coming. The same thing I said back in 2018 but between 2018 and 2021 btc price went up a lot more than we expected.  
All you need to do as a holder is just leave your asset in your own personal wallet. Patience is key in every investment otherwise there won't be a positive outcome.

People likely wanted to find coins that may give them 100x or more, it's a not a bad culture but for some reason it's getting rare unless you got in early. People will tend to focus on altcoins when in fact Bitcoin can still be profitable in the long term. Don't invest on coins you don't know how it works, just a simple advice.

Sometimes some people neglect to do research even though it is very important,
In minimizing mistakes in buying coins I think doing research is one that has a big role,
but it's different if it's talking about top coins like Bitcoin, Ethereum, and BNB because they are unquestionable coins

This is being discussed all the time but thanks for reminding everyone once again, just in case someone forgots this facts already and they are now starting to lose their motivation to continue holding and buying. Not all cryptos are to hold for a long time, we can use the late luna for example. It already reached its maximum price after a year or so, before it died down.

Over a year isn't that long imo. It is important to know the capacity of the coin if it has the potential to stay for a much longer time or not and about that shiba inu, where did you get that information, lol wtf? Shib didn't even cross a dollar yet. Not sure if what you mean is a different coin or I only didn't get your message.

Wait, I don't understand the prices that you've given for Shiba Inu. Shib didn't even reached a price of dollar because of its supply but I do understand the logic that it's also up early this year just like the other altcoins but the pricing, it's wrong that you've said.

You have already explained it that they've bought when the price is low and became greedy so, they've accumulated a lot of it. Whilst holding it, they might have some other businesses that they're relying on while waiting for their crypto investments to flourish. Holders are investors, businessmen and also normal people that have other things to do. So, when their investments in crypto gets a boost and grown a lot, it's the time they'll decide whether they'll quit their jobs and build their businesses and other source of income through the profits they've made out of crypto.

And sometimes even if the knew still they afraid on what currently they see and they didn't even think about what will happen in future that's why many people got mistake to ride at the dumping party while the market slides down and didn't do anything when opportunity to buy is occuring on their sight. That's why we see so many people regret about not buying or dumping their coins at early because they can earn or recover if they just extend their patience. So newbie's should not follow this that's why its good to do our own research because we can find this information and data exist before and even now.

That only applies to those who have been in this industry for a long time because they have the experience and also enjoy the ride they believe in and also don't care when the price drops again after going up, and they know what to do.
different from the new, because it is only tempted when many people become rich because of bitcoin and other cryptocurrencies without being based on sufficient knowledge and also good analysis.
but it is a real journey and many of them hate it when they suffer losses and there are also those who are successful but whatever the reason that happens to them will add users, because the successful ones will survive, and there are also those who fail also survive. And they will learn from their previous mistakes and learn everything well.
So the new one did not make a fatal mistake even though it would affect the market, just a lack of knowledge but with events like this sooner or later it will increase users. And that's the process of becoming popular.

That's because Shiba was a pump and dump. There are a lot of those. I'm not saying that it's good or bad but if you are investing in scams dog coins, make sure that you aren't the one caught holding the bag when the music starts. If you are interested in making money long term in crypto, consider POS blockchains with high APY rewards, like CNDL and NEAR. That way you can profit in both bear and bull markets.

That is why i said the market is being flooded with impatient users or investors, the real investors who knows too well about the industry never panic rather they always prays for another chance to come for them to utilized it again to stand for a better chance of making good profits. It's only those who had about the recent rise of BTC with reputable currencies that jumps into the market thinking it will all be Bullish but fails to understand the common principles in the market.


Investment of 2 years is not that much, rather it's advisable you should invest with spare money or money not in a budget for used at the main time. Getting Rich is not an easy task therefore it requires patient for someone moving to the next level.

Buying at low price and hold until it reached your set value to sell seems easy and simple but actually its not suited for everyone who cant hold for long.

You can be a huge gainer if you invest in crypto but it takes a lot of patience because that history of ATH for crypto didnt happen in short period, investors waited for years. Thus if you can hold for long period and can bear seeing the market in bloody status without worrying then its likely for you to have a good result. But its only possible if you invest in coins that wont turn to shitcoins as time passes by.

Just let those impatient users or investors panic or be confused waiting for the market to move and in the end, if they stay like that, they will lose their money.
We must remain patient, waiting for the market to increase again while still being given the opportunity to buy various potential coins, including bitcoin.
Yesterday's bitcoin price increased again but now it's back down again and this is our chance to accumulate more bitcoins after getting profits.
But in the long term, the price of bitcoin could still rise high again in the future so if you can hold on to your bitcoins, you have the possibility to sell bitcoins at high prices again.

The problem is that not everyone can independently and thoroughly conduct research. In large funds, whole teams of specialists are working on this, who are engaged in assessing the prospects of the coin. On the forum, instead of trying to conduct our own research, request help with the choice of coins for investment. Just not the fact that such a purchase will be profitable.

Those impatient or manic people are the reason why we are capable of making money so easily. If it wasn't for that people, how would I know how to make money? I just do the opposite of what they do and make a good profit. Like for now, right now you could just buy anything you want at the top, wait, and eventually you will profit, there is no need to be manic about it and you would be fine.

However, these people end up trading like crazy, even leverage trade during Luna crash, and hope that they would get rich. The "need" to do something in order to make money is a real one, people fail to comprehend the idea of making money without doing anything.

I believe none of us here can predict correctly what will be the bottom price so if we can't make the best timing to buy, then we'll do DCA. It's always a safe strategy to use so we will never lost the opportunity to buy bitcoin at its lowest price, or even the solid altcoins in the market. Wise investors will always make good market predictions and analysis, but if we can hardly do it, then settle for DCA as its always a win win strategy.

It will be a long waiting game for those who gladly want to wait, but definitely the results will all be worth it. But for those who want to buy now because there is fear to miss again such opportunities, then do it. After all, you're not gonna lose if you always know the essence of hodling. Patience will be more tested this time as the crypto prices seem to drop more because the bearish market is not over yet.

That's probably the case. No one is patient enough to wait just to buy when the price is at its bottom, mostly they start to buy when the price is in dips. However, if they do DCA, buying at its bottom price is always possible. But it could also mean you need to prepare good amount of funds during bearish market because even if you do DCA, there will be a need of funds everytime you place a buy order.

DCA is never been easy or not for everyone because you wont really be that having those funds anytime on buying up on the dips even though you do have some funds then this is where a battle between

your mind and emotion on the time you do make out some decisions thats why this is situation is something depending on someones capacity in terms of finances and thats why its really

important to have some saved amounts or funds in case the market would really be having that kind of behavior.You cant just get in if you dont have funds. :D

The truth is that not everyone can hodl, so this is a major reason why panic at these times because not many people are mindful to hodl on long term. So many are caught in the dip. It's best to be patient at this time and apply DCA if you have the funds.

the current market conditions are in an unlikely situation, where we must really be patient waiting for the market to improve again. but still that it's normal. but on the one hand you can take advantage of this opportunity to buy most of the top coins at cheap prices and you just have to wait until the situation improves. At the very least you need to prioritize bitcoin and some of the top crypto assets.

this is true, proper strategy is needed if it comes in holding for a long term, after all the bearish could lasts for more than a year as far as I know seeing from the past cycle.
if anyone with big capital and big income is holding, they could just leave their investment be, but for anyone with insufficient money for basic needs, holding gonna be a disaster.
also accumulating in the bearish is like catching a falling knife.

If they can be patient, they can hold on for a certain amount of time and won't panic if something happens in the market. Those who can do that must have gone through a long journey in the crypto world to be calm and patient and not panic in making decisions. If the market is down, those with the funds will buy again because it is a good time to buy. So we need to manage our emotions in any situation and condition to see the opportunity to use the moment.