Bitcoin Forum

A couple of days ago all I have seen are a lot of threads where people ask questions about the possibility of Bitcoin going down to $1 or coming to an end because they are panicked that Bitcoin may not experience another surge in price due to how the market downtrend a lot in just a few days ago. Are you wondering the reason behind this sudden surge in the price? 

It's because "CCP tanks protecting banks because the Bank of China (Henan branch) declared that people's savings in their branch are now investment products and can't be withdrawn." (https://www.reddit.com/r/Bitcoin/comments/w3evna/china_ccp_tanks_protecting_banks_because_the_bank/?utm_medium=android_app&utm_source=share)

The world we are living in is far from perfect and issues like this where the institutions and FEDs take advantage of the people will always happen. This will make people realize the purpose of BTC and before that happen hold your bag when you can. 
Always remember, not your key not your coin.

It's crazy when you realize that someone still thinks that bitcoin can go to $1 or even zero. Well, it's different these days and not the same anymore as before because bitcoin has gone far and despite being a very volatile asset, it's unlikely that it will go that low.
Think of those people that are waiting just to buy cheap bitcoin like around $10k down to $3k, there will be a massive buying order on exchanges if it's reached and even to $1k so thinking that it could be low as $1 or zero is totally crazy despite of that "possibility".

This is like what the rumors(I call it rumors because it's not confirmed yet) am hearing that the government of my country wants to withdraw a certain amount of money from the bank account of each and every citizen of the country in order to settle the dept the country is owing other countries.
Upon the arrival of this rumor, many in the country have panicked and went ahead to withdraw all the money they had in their bank account to God knows where, I on the other hand have used all my fiat saving to by Bitcoin plus other promising coins and kept them in my private wallet, this is something I've learnt to do every day, week or month, depending on how I earn fiat money.

Governments and central banks through fiat have learnt to control their citizens and bring them under financial subjection and slavery, Bitcoin has come to show the way to Freedom, it's time we break free.

If your government still cares about debts while people all over the world are worried about what to eat the next day and if they do still have a job the next  day, your government are still pretty much decent. But yeah they may get the money from your accounts.

You're still lucky because countries in EU today are all just thinking about sanctioning Russia without thinking if they could still run their cars after. Protests are everywhere not just in China. All Bitcoiners just need to do now is just hold what they have.

I don't think that news like this will make the price go up short term. Possibly it is going up long term and I agree with you that the banking system could fail at some point. Still the recent surge in price is more based on technical factors like the last bullrun ATH and such things. But lets see what the future in China brings, there are always many news from there.

One who thinks bitcoin would go down to as low as $1 is one who isn't sure to own even a satoshi at all. We are so way past that and I think those having this thought should rather stick to fiat than hope for the impossible.

Speaking of which, sometimes I wonder what laws do they stand on to confiscate someone's holdings at there facility and declare it for a purposes. This is some of the reasons the need for decentralized systems cannot be denied its place in our world today. The grip of centralized systems is terrifying on an average citizen as by just a snap of the fingers, one can be denied access to life's savings.
This also stretches to what length people might be doing it wrong in using CEX in the crypto world as it operates on same principles. If its not decentralized, your no good having large somes on it.

People who bought high are scared. Some love to exploit their feelings and making that kind of topics has the potential to convince them sell.
Also, while 1$ and "bitcoin is dead" are obvious FUD topics, questions whether the bottom is in or how long this bear market last are actually legit imho.


The current surge is not that big. It's nice, but fr from uncommon. So asking for reasons may not give correct answers.
It may be China problems (as you said), it can be end of bear market, it can be bull trap. We'll see.


One can look into recent history and will see that some banks did take people's money in the past financial crisis. Bitcoin was created to fight that.
But people never learn. Greed (and poverty) make people risk big money to earn some more cents. Average people's financial knowledge is almost zero. And governments (and banks) exploit that at maximum. This is the world we're living in. So you're right: people should carefully hold their Bitcoin.

I thought an investment is supposed to be an agreement between two parties in which the capital, interest rate and duration is discussed and unanimously agreed according to terms and conditions. Because what I see here is a clear intrude upon ones financial freedom, which is totally wrong, because what if the money in the bank was the only hope for the common citizens, how do the government intend such individuals to survive? And that's why I'm happy for Bitcoin as it gives us power to have control over our finances.
And for the other statement about Bitcoin falling back to either $1000 to $0, it will take the head of a Carmel to pass through the eye of a niddle for the price of Bitcoin to fall to such price again

This is nothing that wasn’t to be expected. Bitcoin goes up & bitcoin gods down, the only thing you can be sure of is bitcoin will, at some point in the not too far away future, go up again. Keep buying whilst the price is down, vast riches await the brave. It takes balls to buy & hold during bear markets but you will be rewarded for doing so.

Most banks have long been bankrupt, and their credit policy is to blame. Most of the loan collateral they have on the balance sheet is an illiquid asset or debt that cannot be repaid. Bitcoin is a good solution, but its price is regulated by manipulators and this blockchain is monitored by many companies. This will create problems for selling your bitcoins on centralized services if you do not declare your address.

The reason for the last dump was the Luna crash, we know all how drained all the Bitcoin was. So this problem won't exist forever. And it's not new for Bitcoin anymore. When Bitcoin crashed much FUD news also spread at the same time. And now, due to the up trend, we will see a lot of positive news which will pump more. So yea, holding bags though it's not Bitcoin lol. Had invested some other potential coins.

Aside from your given news, another reason why prices suddenly surge is possibly the hope of a less aggressive hike from the federal reserve at its next rate-setting meeting[1].  It was also believed that a relief rally had been long overdue but don't get mistaken that this rally is the sign of a bullish market, the market sentiment is still bearish though.

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It is really unbelievable how a centralized bank in China has the audacity to change its policy from savings to investment.  It feels like those people had been scammed by that bank.

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[1] https://www.cnbc.com/2022/07/20/crypto-prices-bitcoin-btc-climbs-above-23000.html

Dont know if this is the actual reason with this small percentage price increase or climbs but still a possibility but talking precise about this then it cant really be known on what it is.
We know that these institutions does have the power and the capability on making decisions and ending up holding their users funds as long you had been able to put it up.
It does really sucks yet freedom is really been shacked out.

You could really expect lots of threads in related about bitcoin is going to $1 or even going dead on the times this bear market is prolonging but on the time that we are seeing
green candles then such recent sentiments or news are commonly been tagged on.

I still have a bank though I'm actually wary of what's happening with China. It is entirely possible that this also happens on our country but there would certainly be a public outcry against this move. I keep most of my holdings in crypto, and that's probably the safest strategy right now to protect my assets. But if there'd be another way to be safe, I'd certainly transfer some of my assets to that and just hope for the best.

I bet these people who had money in that Chinese bank are now regretting it and wishing they had bitcoins instead. Bitcoin is the only money that cannot be taken from you. It can be manipulated when it comes to the price but you don't have to sell into the manipulation. You can wait it out like so many bitcoin OGs did in the past.
When all the dust comes down and all the FUD disappears you'll have more value in your portfolio than you had a cycle ago.

Funny thing. In that reddit post someone commented with "Not your tank, not your money" :D
So true.

Absolutely. Especially how long, I think is an important question, that isn't so easily answered. Naturally users will point to previous cycles, but I'm convinced that this isn't going to follow those previous cycles. There's also an argument in that they never really have, but people have identified certain correlations, and ignore other things.

Even asking if its the bottom is an important question. People are invested in Bitcoin for different reasons, and someone can believe in Bitcoin, but need immediate access to their funds to not be able to ride out a bigger drop in price. I don't have any problems with anyone questioning what they've invested in, and I actually think we've probably all done it at some point.

Those who are in disbelief are just the paperhand people and that they buy at the top, we've seen this much to create FUD when Bitcoin going nosedive. I wonder if this turning point into investment by a bank would even increase in interest now that they changed it so suddenly?

The fact that the global financial traditional system is full with many forms of infringement on the right of the citizen's, if not how can banks swap citizen's savings into an investment without they consent. This situations point to one fact that the government is in support of this infringement on citizen's rights.

This is where the strength of bitcoin is. It's just good, it works and it allows you to avoid many hurdles along the way.

Most of us just want to go to work and get paid. We don't want to bother with all the problems a bank or the government that stands above it might have. We have our work, family life and the things we do for pleasure, our hobbies, and that's all we have the time and the energy to take care of. When we earn money we want that money to be available 24/7 for whatever we want to spend it on. We deserve it. Someone telling us that we worked as slaves for the last year and don't get to see the money is out of the question.

Over time more and more screwups like Cyprus, Greece, Russia, now China will happen and people will learn that they have to take care of their money themselves.

Cryptocurrency is investment but you cannot hope on it a prize because, it is an investment that nobody will determine and also know for the price were it's coming. so seeing cryptocurrency price rising is not something that you can be surprised and also seeing cryptocurrency falling, it is not something that you will be surprised of. Because i knew long time ago that when the price of Bitcoin will grow again it will surprise some panicked investors who use fear to sell off their investment

Saving in centralized banks will never be good for investors in the long run. First, you are being taken advantage with your own money. They will use it for the bank's progress, but not for your money's progress. That is why bitcoin is here to serve as a wake up call for everyone as we should only invest our money on the condition that we will still have our own keys so that our money won't be used by others. If we can keep them safe and store on our own decentralized wallet, i think that will be safer than entrusting them to some centralized banks and centralized exchanges.

In almost every case it will be. You're basically giving the banks permission to gamble with your money, despite them potentially being decent at investing, they're still using your money, to gain more money, and that's why they offer interest rates to entice people to keep their money in the bank.

However, Bitcoin isn't for everyone. For those that aren't well up on security standards, and not very familiar with how the internet works, and potential attacks, I can see the benefit of banks. Although, I still think hoarding cash, and securing it physically is still better than trusting banks to handle your money.

How many centralized investment can we really avoid in an evolving space that keep producing new developments. No matter the way you put, bitcoin was initially centralized just like every other token until they got so diluted, scarce and dispersed. In such a money matter, bury your pride and dont be like the 3AC, make profit like the A16 etc and pretend you are holding for life.

That might've been the case initially, but it certainly isn't the case any more. Bitcoin is much more decentralised than any fiat currency, and honestly pretty much any noteworthy alternative. If you don't want to use a third party, you can absolutely do that. The only thing that Bitcoin really relies on his people running nodes, and miners. Other than that, you can completely take control of your Bitcoin, and spend it where ever you like or do whatever you like, obviously as long as you comply to the laws in your country.

So, if you care about decentralisation, cryptocurrency is the way to go. Doesn't mean it suits other personal needs though, depends on the use case, and the person.

Well, the truth is that people can make their own market assumptions and price prediction, and they all are wrong.
negative minds - well, of course, think negatively but we have no objections with that as it was their opinion, they soon realize that they are wrong.

Hold as long as we can manage to do it, as long as we still have trust and market confidence. This bear condition isn't forever so we still have the chance and our hard work will be paid off. Just focus on our goal, don't listen to these centralized banking institutions as they will just manipulate your mind.

This may become one of the most common pieces of advice that we hear during this bearish market era. And this is not wrong, I also believe these words. It is better to hold our bag and keep it until the next bullish season right? It is better that we can hold them until someday for a long-term period without any doubt to Bitcoin right? Of course, we can do it because we believe in Bitcoin, no matter how many FUDs spreading around the world. In fact, may more Bitcoin is discussed and talked, the chance to be more accepted and rise up may be bigger.

Just more evident in the bearish market, but regardless of what cycle we have, we shouldn't empty our wallets, at least leave something just in case if you wanted to sell at the bull run.

And now with the article that the OP posted and similar threads about banks freezing ordinary people's account, it's really evident that bitcoin or at least crypto will be a good option for us. Or better yet, un-bank people should go full crypto, just saying.

Jeez. This is one of the many reasons why China is also one of the key players in Bitcoin if this is legit (reason of recent dumps).
I remember before about the mining issue in China and we saw a huge drop in the Bitcoin market and look now.
It seems people are suffering, for sure some of them are requesting to withdraw to use it to buy Bitcoin.

it is always our prerogative and also we should buy at our own discretion , this is the problem if your pure intention is to earn instantly because the nature and the essence of bitcoin changing .
this is a currency and not something that will make you rich, but the problem is people did not anticipate this instead they mostly wanted to become reach and that is the reason why this change of course.
Hold your bags if you are a holder and sell if you are just a seeking for short earning .

I don't think this is the reason for the bull market of the past few days. News that banks freeze people's assets is nothing new and it has happened many times before. It happens not only in China but also in many other countries.


Unfortunately, that isn't going to happen, since China has banned all things Bitcoin related and it's just not going to happen. There is no way Bitcoin can be there to save everyone from their problems.

Those who still beleive btc can go down to $1 are living in delusional world and that will never happen.We have already witnessed $3k price levels back around 2018 but was there massive orders on exchanges then? No because when there is dip people don't believe in it and on contrary they start selling coins.So these $1 and bubble theories will always be there but you need to focus on your goals.

Regardless of the scenarios, that premise, it seems that for some they are the so-called "small letters," they forget them, but in reality it does not matter what happens and what the most pessimistic scenario is, you must have control of your bitcoins, for everything else, trust.

Many newbies would still put the blame on Bitcoin for centralized crypto exchanges not letting them withdraw their coins. ;D
Having money in the bank is like giving loan to someone without a collateral. This "loan" is supposed to be guaranteed by the government to some extent, but you don't know what will happen when the sh&t hits the fan. Every bank could easily find multiple excuses to block your bank account and legally steal your funds. What is stopping them is the market competition and the central bank regulation. No commercial bank would want to lose it's reputation and trustworthiness.
China is a totalitarian country and the government/central bank can do whatever it wants with people's savings.

The Chinese people cannot escape their dependence on banks, in fact they are the victims of the policy here and they have no choice.
But I've heard that a China CBDC has been issued. It should be a priority option for Chinese residents to keep savings that are believed to be more independent, equivalent to cash.

Banks are bankrupt, so they cannot fulfill their obligations. Similar situations are happening all over the world. And people are used to keeping their savings in banks. What happens if a fool uses bitcoin? I think he will lose his coins faster. An easier solution would be to buy gold and gold jewelry.

I believe this issue of owning and HODLing your Bitcoin in your own private wallet couldn't have been overemphasized. People should understand that the Government have been and can still take this Kind of action when they feel like as we continue to see all over the world when the Government freezes people's Bank accounts or restrict them from the outright withdrawal of their own money which is Highly unlikely with your Bitcoin in your private wallet.

While we are all aware that bitcoin will most certainly rebound in the future, we still need words of encouragement like this during a bear market period.
Whenever I hear advice like this,  I feel better about my decision and feel that I'm not the only one to hold bitcoin, I'm not alone.
Every time I hear these words,  I have stronger faith to hold and boldly share about bitcoin to everyone even though bitcoin is not doing well in the short term.

center]https://i.imgur.com/6nH8vdj.jpg[/URL (https://bitcoinmusk.org/)

Yeah I am proud of holding my Bitcoin right now as I am doing DCA (dollar cost averaging) every month. I am in a profit for the BTC I’ve bought for June and July. But for May, I am still at a loss because I bought it when the price was more than $30k. I just simply stored it in a hardware wallet and not in a centralized exchange or wallet.

As it was proven that those who are able to hold Bitcoin will have a great end.
And besides, even if you are a trader, you also have to know how to hold and learn for that because of the market situation. We can just buy and then sell, NO, we still need to hold for a while and wait for the perfect time to sell. But yes, we need to be careful and find a good place to keep safe of our Bitcoin, or else, instead of being happy waiting for the Bullrun, might be replaced in regret for losing them all due to a hacking incident.

The funny act from the government end using the bank is to create a kind of mindset that will place fiat overshadow bitcoin but no amount of economy fortunes in fiat could be able to control the volatility of bitcoin price, they can say whatever they feels right in their own sight but diverting from using fiat banks to bitcoin decentralized network is the very best available everyone key into for an effective rescue.

Holding your bag is not easy because we always tempt by what happens to the market and many times we are panic seeing the market going down.
If you have a strong hand to still hold, no matter what happens to the market, you will have a chance to sell it at a high price.
Holding bitcoin while the price is down and buying back for more when the price is at a low price gives benefit to us to accumulating our bitcoin amount.
So that can give us a big chance to make a big profit later.

I think it's a generally wise advice that the op is offering. If you can abstain from selling (if there's no necessity to sell), hodl your BTC. I have little doubt that Bitcoin won't recover from its current situation, as the pas has shown multiple times that Bitcoin always recovered before. It doesn't mean that this will always be the case, but it is still reasonable to judge Bitcoin based on its previous behavior.
The only issue I have with the idea of holding when one can is if by holding you mean literally not using the coins. If they sit there till a certain target is reached or till there's enough money to spend on something big, it's fine. But if the idea is to hold no matter what pretty much forever, then the person might never use the coins, and thus they make zero difference to one's life and it's as if these were just numbers on the screen with sentimental value (unless the goal of the person is to collect money for their child or something).

Panicking during the bear season is normal but if we have already seen how Bitcoin survived the previously bearish market and hit a good price during the bull run, we should trust its capability to resist this season again. I wonder why there are still people who are questioning Bitcoin's potential when in fact, it already reached lots of achievements and milestones.

Maybe people who ask about bitcoin's potential don't really understand that bitcoin still hasn't unleashed its true potential.
Supposedly when the bear market comes, people can buy bitcoin again because it is an opportunity for them to have more bitcoins by buying bitcoins at low prices.
But unfortunately, they are still waiting for the price to decrease before buying even though we know that bitcoin can change at any time.
At the moment, the bitcoin price is back at $23k after yesterday's correction and we expect this price to increase again but stay alert because we are on a weekend where the price could get another correction.

Oh yes, not similar but same kinda stuff happened in the India back in currency alteration process so that anyone with black money can get caught red handed.

There were kilometers long queues outside the bank as well as ATM's so that bank user can exchange the notes with the new one. This caused the chaos throughout India and billions of dollars were caught as black money!

So when it comes to centralised processing, government always has the power to overcome our money.

Is our money safe in the bank? Hell no! This currency alteration scenario shook the world on how one government can escalate the situation in the country.

Peeps with millions of rupees in cash were left question marked! They startled with the situation and lost all the money because if they report that much cash then that's definitely had legal actions for possession of black money.

However, when it comes to the bitcoin, its your own bank!

I find this funny because, after many years in the market, I have also gone through many different stages of it. But I never feel pessimistic about bad things, even when prices are down and gloomy for a long time. Sometimes the thoughts that people have imagined are absurd. Remember that the truth cannot be killed, and those who just want to distort it are trying to hide their own intentions. To me, I have full faith in BTC more than any other asset I know of. It has given me a happy life, so be grateful for the opportunities presented.

Well my answer is no --that is not normal for me that you will panic during the bear market, what I mean is why people do panic if they understand how bitcoin will work, and how the market will played. We should learn how to hold our bags during the bear market season because we know that someday the price will back and it could be reached the next ATH that most holders waiting for.
That is why I encourage everyone to invest what they can afford to wait, not your money or your monthly or weekly allowance.

Thanks for sharing this, now we know the reason of the recent surge. Some of us will feel guilty because we are experiencing the benefits here while others cant withdraw their money and what if those people urgently need it? Do the banks give them any warning before they do such act?

So this is the other reason why you create such thread? Thanks again for the concern but don't worry we already know that those kind of questions are unreal and I think people who post it are just trolls, trying to make fun of others who are worrying a lot because of the current decline of the price. Btc even have a hard time falling from 15k, so how much more to a dollar?

I think what you say is true, because Bitcoin deserves to be believed by many people with very good expectations. After all Bitcoin can still increase gradually in the market and it will also have an effect for other cryptocurrencies so obviously there is no need to worry so much when the downturn occurs with some people starting to become pessimistic.
Yes, being grateful is much better than being pessimistic about Bitcoin and also with what is happening in the market now.

The going down is easier because that is how the technology works. What do I mean? Well, there are too many people who are in the leverage market and that means when they are making a bad move, their bitcoin is sold and USDT is paid in return to square the debt, right? Well that means, if you say long, and then you are wrong, and it goes down, then your bitcoin is sold, and it goes down a bit more, which causes my bet to be liquidated too, and then other guys and so forth which makes it quicker.

So when you are selling, it is not just people who sell, it is the system that sells to keep it going and that is why I think it is a lot easier to go down, and it is not as easy to go up.

Bitcoins need to recognize by those people who got their money stucked from the bank because of some complicated issues. Now that they see how prone they are to lose their money if the banks and the authorities wanted to take it from them, the solution is to consider converting half of their assets to bitcoin if they really want to be free from this kind of discrimination.

Hold need to be prioritised according to the market movement. When the market is bearish one should not lose hope and go for selling of the holdings. Holding at the right time lets the user generate good profit. Most of the users doesn't follow this and end up selling the holdings out of panic. According to me, right now is the time to hold. People who come out of fear and hold will surely profit big at the earliest.

If the government create a stupid decision regardless if it’s unfair for the people or not, I guess that won’t matter anyway since they also have to set their plans and make them realized. This is why we should not be trusting the centralized government in the first place, otherwise we will be taken advantage with our money and possessions. If only people did realized the purpose of bitcoin and having it as our own bank, then this type of problem should have never happen.

I am really wondering why so many people worry about the bitcoin price dropping down to 1$, it's a very unrealistic scenario. It seems like panic is taking over and controlling investors, acting out of emotions is usually not a good idea. And even if the worst case scenario would happen, wouldn't it be the best time for us to buy more coins? How many of us came late to the crypto party and dream sometimes about having bought bitcoin back in the day when the price was below 100$? I would love to get another opportunity like that. Asset prices have been falling for weeks now, with crypto markets being down 40-50% since the start of the year I think it's a bad time to sell now. The goal is to buy low, not sell at low prices. And the lower the bitcoin price is falling the coins we can buy for our fiat money.

Holding bag is not as easy as you think. You know bear markets takes time before it picks up and come to talk of it, most times people buy at high price and with the thought of it going higher than as they had purchased but to their greatest surprise, the market heads towards bear direction which causes panic selling and the at the entire end run at loss. The most people falling victim of these actions are the new bees. it only takes a strong hand to hold bag because they have already been groomed in the system already. So they know when to buy and when to sell. The market situation doesn't effect them rather it makes then hold their bags and also fill their bags more if the needs arise because they know it is the right time to buy more as panic sellers would be on the verge of selling most of their bags.

those who still question the potential of bitcoin certainly do not understand how bitcoin works, how bitcoin can reach its current price. Even though it is clear that Bitcoin is the highest coin or the most valuable digital asset. Bitcoin returns for long term investments are incredible. A bear market has become a common event, behind a bear market will appear a bull market that is coming soon. So better hold your bag tight and don't let it loose, we're still going to the moon.

One thing I understand about centralized systems is that they always enjoy absolutism to control and as an investor such systems ain't favourable to us no matter how juicy its promises might be placed to us at the initial.

It is a question to those who think that Bitcoin is still a scam thing. I'm not going to wonder why many still have doubts despite the fact that Bitcoin has been tested many times already. It is actually our mindset differs from others, some people hold their Bitcoin because they believe and trust it while some people remain doubtful. This will imply that Holding is really hard for those who don't want to change their beliefs and minds but I don't bother myself to correct them because that was their opinion.

I also read about the Celsius issue which I also believe is just like what happened to the people who have money saved in their bank accounts in China and I hope the US SEC will step into this situation rather than create some rules that will hinder the adoption of Bitcoin.

Those who still question the potential of Bitcoin are those who didn't experience gaining profit from it and those who didn't research it. They only see it as a currency yet they don't know its real function and importance. They can also be those people who have a wrong mindset towards Bitcoin investment. Those who want to get rich instantly and failed because of wrong expectations.

Every one understand bitcoin in their own way of understanding and the way they feel, but the thing is that you can understand bitcoin in a way you can invest and knowing the lost that is involve towards the investment. You will not look at the investment in two ways you know that cryptocurrency investment is all about patient and consciousness. I believe that Bitcoin investment is things of strategies

That's how you know the btc community is growing when you have people thinking it is possible btc will go to $1 (even though it sounds ridiculous) at the same time it makes you realize these are new people in the space and will learn over time just as we (the old timers) have all learn.
Many newbies won't be able to recognize the opportunity this bear market has presented to them until when the market is back in full bull mode,  their thoughts are filled with all the crap they read from different news sources out there, so buying now is far from it, they are waiting to buy the $1 bottom.  :D

People should have done it long before and have never saved a lot of fiat in their bank account only to find out that they could be taken advantage of by the government and circulate the funds to create more interest. That way, they are using our own money for their own prosperity. Now, if we want to stay out of it, then put some portion of your hard earned money into bitcoin, and some of them you can keep it or also invest in other types of businesses outside the crypto market.

You cant really say that this kind of decision would really be just too easy because trusting up something when you had just recently heard of like crypto will really be putting you in doubt whether you do invest or not and totally not surprising kind of action for someone but on the time that they would be seeing profit making opportunities then these impressions would commonly changed up.

We know the reality on how bank works and how they do make money which majority of people wouldnt really care as long they do stick into those standard things which is on fiat.

Investment decisions will really vary on each person because some are open minded and risk takers and some do really like to play safe and wont be touching up something
that they would be looking for it to be risk which i cant blame of.

I am really happy investing in bitcoin. Even though the market has faced many ups and downs, I am still optimistic and ignore whatever others have to say about investing in bitcoin.

In my opinion, risk is always involved in all the financial markets. Though no one can anticipate what will happen next. After all, we all are making anticipations. It is better to have a strong risk management and not invest which the money we can afford losing.

at this time I can only hold tightly the bitcoins that I have. and continue to add to it whenever the opportunity comes.

Fud news has become my daily food. and it doesn't affect my psychology too much anymore.
even fud helped me to be able to collect bitcoin back from low price.
and fud news has even made people who don't know bitcoin know bitcoin. and people who don't dig into bitcoin knowledge to start digging the news to find out about bitcoin. and today small btc holders continue to increase by leaps and bounds.

keep calm and enjoy this moment.

If you cannot risk your money then you will never have a chance to earn bigger because there is a saying that the more you risk is the more you earn/loss.

but best to have the attitude about knows when and how to risk , and also never lose faith because even if the coin you trusted losses its potential always keep in mind that the chance to earn again is there at some point in time.

If you want what others don't have, do what others can't. In order to make a lot of money, if you wish to earn big profits, then you must accept risks and be willing to trade in order to accomplish your goal. In spite of that, don't invest with all your money, know how to manage risk, the market will always provide opportunities when it comes to investing.

if we choose to invest in bitcoin, in my opinion there is no risk in it, except when we trade, of course there must be a calculation of the risk and reward that will be received. when we invest, if there is a bearish trend and the price goes back down, then that's our chance to add to our bitcoin collection, and we wait until we get the target according to our calculations, this is different from us investing in altcoins of course, because after all if bitcoin is destroyed then altcoins will follow it. It's different if an altcoin is crashing, this doesn't apply to bitcoin as well.

Keep holding my bag but until one year half still not received profit yet and all my assets drop almost 50%, I can hold until right now because have passive income from other source maybe not all here as investor can't hold their bag for long time. We don't know when moment coming and make bitcoin or altcoin price going up but I believe have one day later for bitcoin and my altcoin assets back to the top price and make me smile how long time keep hold my bag get profit. Not any possibility with cryptocurrency and every time make us surprise with several altcoin pump and dump drastically, just waiting with how long you can hold your bag and when you have let your investment go.

Although I am an investor who has seen many bitcoin drops, every time the market falls and I look at my portfolio, I get a little nervous.
I can't help but worry when my assets have decreased by more than 50-60% in value. But then everything will be back to normal when I calm down, because I know the drop has happened many times in the past. Fear is always present in us and we cannot completely eliminate it from us, we can only suppress it with our understanding.

You have to be more patient because we have seen a high increase before and the price will get a higher increase than before.
Whether this year or next year or two years from now the price can only increase but what is clear, you can use this time to re-invest in bitcoin.
If you want to invest in altcoins, you can but you have to be really selective in choosing what altcoins you can buy because not all altcoins can increase in the next altcoin season.
There comes a time when the altcoins will pump again and you can sell them at that time to withdraw your profit and you can wait for bitcoin to sell at a higher price than before.

They just said it above that there's always a risk in everything even in bitcoin but that risk can be minimized or maximized depending on the person that invests on it. I don't know but I sometimes think that trading is more safer than when we hodl, that's because we can immediately sell our coins to earn a profit but when we hodl, there is still a chance that the value can change.

Investing in altcoin has no difference in investing in bitcoin or vice versa because the rules are still the same. We need to buy at lows or whenever there is a bear market like what we are currently experiencing and then sell at highs or when the bull run takes place.

Cryptocurrencies are considered a risky investment and that includes bitcoin. Bitcoin is still very young, although we believe and the rate of development and price increase of bitcoin in the future is great, we cannot completely rule out the possibility that it will collapse or disappear for some reason some. As we said, no one can predict what bitcoin will look like tomorrow. So you should only invest with the money you can afford to lose, do not pledge or sell all your assets to invest in bitcoin.

Not only crypto, but most investments are also risky. No investment has no risk, it is impossible.
Anyway, I disagree that Bitcoin is very young, it already survived more than 10 years. Bitcoin has proven that it potentially survive a long time because its adoption is growing massively. Sure, nothing lasts forever, Bitcoin has a chance to collapse. But since Bitcoin is already an important part of our life, and even there is a country that makes it as a legal tender, we shouldn't be too worried about the possibility of Bitcoin collapse in the near future.

HOLD if you can, and SELL if you are not willing to wait. 
Actually, I don't urge people to hold as it was just an option and of course, I don't influence their decision but to have their own as at the end of the day, they are the ones to decide.

Holding is gonna be hard for those who are doubtful and likely just quit doing it.
But, as we aim high and carry a positive mindset, no way it becomes impossible.

10 years is not a short period of time, but if you compare bitcoin with other markets like gold, forex, stocks, bitcoin is not only young but also very small compared to the rest. That is why bitcoin is considered a riskier market.

Yes, with pretty fast development as it is now, I also believe bitcoin will not crash anytime soon but there is no guarantee for bitcoin. So we have the right to confidently invest in bitcoin but always keep yourself a plan b, don't invest all your assets in bitcoin or put all your eggs in one basket, diversification is essential.

I have not sold any of my crypto during the bear market. My strategy for my cryptocurrency investments has always remained consistent; I always intended to hold long and not be swayed if any crashes happened.

The reality is if I had extra fiat lying around I would actually consider picking up more coins cheap.     

Personally, I have seen the global markets crash several times before in my lifetime. I am very confident that the economy will be back on track eventually. I certainly have no desire to sell any of my coins now.

 

When you compare the overall marketcap then it is really just too small which it does indicate that there's still soo much room to grow for Bitcoin or overall crypto market which we cant really able to ignore.
Investment decisions and being serious on having multiple market and assets to be hold for long term wouldnt matter whether its bitcoin or other stocks or even gold as long it could potentially bring up
profits then this is what matter the most.Hold your bag while you can and decide when to sell out if you do see significant profits which is worth to make such decision.

For bitcoins I keep collecting them. and continued to hold it quietly.

natural for people who are just getting into cryptocurrencies especially bitcoin. they panic easily. and they too live up to every fud news that is deliberately made by some parties to play with market prices. because it needs to be known that there are people who deliberately spread fud news to lower prices and it turns out that he entered when people panicked out. and after he bought from the bottom, then he spread the good news and re-increase people's trust so that many people dared to enter at high prices and were afraid to enter at low prices. and many beginners are ensnared and controlled by it.

but for those who have been in the crypto world for a long time, especially bitcoin. then they are used to fud news. even experienced people make everything a profitable opportunity.

so keep calm and enjoy this moment.

If you badly need the money and don’t have any other options, then only sell my friend.
As you have showed trust on Bitcoins for more than 5 months, let’s show trust for more 3 months. Once the bear market comes to an end, everything will be back to normal. Still it’s the OP’s decision regarding what he wants do, but as we suggested, if he managed to hold this bear market, then definitely he will make thrice profits by selling the Bitcoins.
We just need to make our will power strong and have patience. Everything will be fine.

Those who have experienced a crash in the past will find this drop entirely normal, with nothing to be concerned about. Even if we compare the recent drop it is still not equal to the previous ones and if history repeats we will have several more drops, and possibly a new bottom. There is no doubt that the world economy is a major market that covers all and also has ups and downs, but it cannot stay down forever. The market will surely recover, we just hold on and wait until the time comes.

I learned a lot during 2018 and 2019 when bitcoin dropped prices heavily. I gave up and sold most of my bitcoins even if my bitcoin old-timer friends kept telling me to HODL. I think some of them owned bitcoins as early as 2011 and they already experienced huge swings throughout the years and always told me and my friends that they'd seen worse. I think it was the year 2017 the same year when I started purchasing some bitcoin portions, one of our mentors an ex-NEM foundation officer mentioned that if someone cannot hold bitcoin at its worse price it does not deserve to enjoy bitcoin's highest prices. I ignored all of them and sold most of my holding although I did retain a little.

So now I realized that experience is really the best way to learn. It's very different when you are in the situation. I learned the hard way. Now I will never sell my bitcoins unless it is super necessay.

The FUD is designed to shake weak hands and relieve them of their coin.  When the weak hands can no longer hodl, it presents a great opportunity for opportunist, late comers, as well as the savvy sat stacker.  Sell at your own peril.

Bitcoin is just the best kind of money there is.

It's a great way of saving money. I don't think it's a good thing to follow the price of it every day. It's for the long term. Just buy as much as you can comfortably have and never look back.

Satoshi had the plan of removing the intermediary through his blockchain innovation. Further the usage have widened and now it is playing a big role against inflation. When the focus is on profit, surely bitcoin is the right pick. As suggested never take into consideration about the market trend, just go on the flow. Whenever you find the price to be down and have long term plans.

I don't see some post and news as far as i understand many here understand or basically know how the bitcoin price goes, most people where to say it was on a caused of the Luna which led to a strong dip others speculated it to be $13k why others said of being dead. How can it move from top to bottom and specifically it's not possible. Keep in mind in every dip a new chances and opportunities have been given to create out for people do fill their bags and utilized the common opportunity given.

That is exactly the right attitude! Nobody should have control over your money except for you. I use the term money in this post but by money I obviously mean Bitcoin, which is the real money. One more mantra that you definitely should add to your coiner values is "hodl". Which means to hold your Bitcoin, not sell or give it away. Even when times are tough, you should remember the true value that it will have in the near future.

If I was not so naive during my newbie days, I would have millions worth in Dollars in Bitcoin.

When someone wants to lower the price where another wants to raise the price. Cryptocurrencies can fall into bull market as well as bear market at any time. Those who have been trading with this cryptocurrency for a long time are already aware of this. They are now not worried about a sudden bull or bear market. They have now also taken Bear Market as a part of their business. I personally think bear markets are the time to hold on your bag. You can take it when you get better in a bull market.

Not only the FUD, whales actually have a lot of ways for people to force and sell their Btc. Only those weakest would sell especially during the bear market.
But yeah I agree, FUDS were designed to let the weak hands sell their bags and help to pull Btc's price down for a good opportunity to buy at a much lower price.
A lot of crypto enthusiast have thought about that, no wonder why FUD spreads like a wild fire lol.

Exactly as expected, they should decide on their own and their actions should not be tied to your influence should in case things doesn't work as expected, sometimes holding on a short time can be unprofitable, when you expect the price to surge but inversely beging to go dip, it is expected that each everyone should be responsible for their own actions and decisions taken.


Holding can also be less risk only if it going on a long term, at least holding upto the next event of halving could increase more chances to having a new bitcoin ATH, then things could have been more easier with lesser risk, provided that no urgent need arising that warrant an urgent sell off than expected.

There are good speculations we can follow to get what we want that is why I prefer looking at the market before buying or what do ever I want to buy or trade. The market is gaining momentum gradually and we need to buy good projects or coins to stand out so we can earn more after this month when the crypto market finally go bullish. Buying is very important now and we should not miss this offer because no one knows what we happen in the crypto market next before the end of this year.

The one who are new to the market or the one who has the slight idea on what are they doing are the one who are being affected by the FUDs, I agree that FUDs are design to get rid of the weak hands for the whales or knowledgeable people to have more opportunity to grow their portfolio. FUDs are becoming effective especially on euphoria phase or bull market since there are many newbies who just entered the market, They are easily shaved off from the market just because of FUD. I  myself seems to be immune from FUDs because of how many FUD I've seen on my entire stay on cryptospace.

Exactly because only those that hold for the long term will get the best interest but there's something some Bitcoiner don't understand and the thing is, if we only use Bitcoin as an asset it will never be the mainstream of payment despite the LN which facilitate BTC transaction that's faster than Master/Visa card.
This means there's nothing bad in selling some portion of BTC during a tough time if it is for an important reason.

If trading has its own risk, I think hodling alone is somewhat hard to do too especially if you are easily affected with how the current market is going through. But just as you have decide to hold, then you should not be bothered anymore with other factors and just focus on your long term goal. If you can do that, rest assured that you will have a great end, and those that can sustain long term hodling are those that mostly make exceptional huge profits in the future.

That is something I have done as well but I also never regretted even though I learned. How? I know for a fact that bitcoin will always end up lower even if it peaks higher, that means I will have chances to buy again. I sold back in the day at peak prices and not this time but last time in 2017 I did pretty well, using that money I found better ways to increase my income so I could buy more bitcoin per month thanks to that.

So, if you sell but you found a way to get more bitcoins thanks to that, it is not bad. Aside from that, holding when it goes down is a crucial thing because bitcoin will always recover and we shouldn't be mad about it.

Someone should really know that even holding does accompanied with some risk since there's no assurance that you could really make money on what you had hold this is why its really important when

it comes to choices or simply talks about your portfolio.Hold if you do see that there's a potential and sell if you do see the opportunity on doing so.Just dont sell on loss because this is where it could

really give big effects on overall profitability although mistakes and errors cant really be avoided.Hold if you do see its worth and sell if you do have a chance just like that. 8)

The chances of this happening are very small, look at the market being corrected in 2021 to 2022, where bitcoin is associated with a sharp decline on the way forward, but in fact the price of bitcoin has not fallen so sharply, although the correction is still ongoing.
The thought of people who describe that bitcoin's journey will reach its lowest point, actually refutes itself, the achievement of bitcoin has reached a great stage, they have gone through many processes, so it is very difficult to reach the lowest point in the future.

Very disappointed when I have chance hold my bag but I didn't it and prefer saving money and several bad altcoin. I think what did recommended by OP exactly very important thing, when we have chance with financial saving keep hold bag with investing in bitcoin and several potential altcoin. Right now many investor have hold theor bag and save several altcoin assets, but still little mistake when saving or investing in cryptocurrency when price still up and they can't waiting when bitcoin or altcoin price going down.

In my opinion, there are a lot of opportunities still available to fill our portfolio. It is also good time to buy for getting a good amount of return in future. It is a good strategy to buy on daily basis. After some days it will be a good amount of investment and we can expect good ROI from it.

holding is also not guaranteed to make a lot of profit in the long run, although there is a real chance that you will make a profit, when it comes to altcoins, I would say that you don't need to rush and think that your altcoins will not go up in price, they will may go up in price in the future, but the real problem is that they may not go up much in price, this is because most altcoins are facing a lot of competition, which means that many altcoins no longer have many investors, so as a consequence of long term altcoin can't reach its ATH, it can't even reach almost 70% of its ATH and I'm talking about the altcoin price in relation to USD, because in relation to BTC, altcoins are very low, which means that are causing a lot of damage

That I'd rather choose BTC and ETH for long-term holding and consider altcoins for short-term. BTC and ETH were known for their profitability, unlike the other altcoins that as it goes long-term the price goes down. Yes, it was to see how the competition makes changes on its trend but most of all, these scam projects had a huge influence on why investors have lost faith in altcoins to hold, instead they sell them once seeing some profit.

In the long term there are some altcoins that might survive even if BTC and ETH go down. Don't you see potential such as BNB, SOL, XRP, ADA, MATIC and several other ltcoins that have good potential for the future. All altcoin prices do depend on BTC price movements.

Some of the investments I made were 50% for BTC 20% ETH and the remaining 30% for some altcoins that have good potential in the future. Management like this is good to do, because you don't put eggs in one basket, there are still many baskets to be filled.

The market of ethereum is at its best against the market of bitcoin moving at a faster phase. By now there used to be more swapping of cryptocurrency holdings from bitcoin to altcoins. Right now it is time to hold and enjoy the outcome as it looks like a bullish trend change.

Bitcoin that moved above $24k have dropped down close to $23400 and the ethereum price have come near to $1900. This is common to move within specific market price for a big push. Crossing the $25k mark will let the investors enjoy a steady movement of the market without much of fluctuation.

 I have come to realize that most investors don't get the full  understanding of what Bitcoin/crypto is all about. Probably this set of people/Investors may just get convinced by their friends or co-workers. With out finding out the risks attached and some terms and conditions, they just go ahead with the investment plan not knowing that the few guide gotten from their friends can not help them through out the period of their investment.  they just register in their mind "Bull market"...
  According to history, 2009 when Bitcoin was launched, price for 1 BTC Was not UpTo $0.1, later in 2011 one BTC cross $1.  


Bitcoin was 1 for $1 in 2011 and today it is $24k+, if Bitcoin could move from $0 (2009) to $65,000 in 2021, it could definitely move past $100k in future. I will hold on to my bag tight, not going to be a panic seller.

Bitcoin is way more than just its price.

Bitcoin gives you freedom from the legacy financial system. You get full control of your own money, no intermediaries.

Bitcoin is something extremely valuable. When more and more people realize this, the price of it will just continue to rise, similar to how fiat value continues to devalue every year.

Cant blame out that people would be most likely be focusing on BTC since its been sitting on the top of the market for a decade and hadnt been replaced without even minding about the probabilities
for some market shift that we havent seen before thats why always take consideration when it comes to risk management and prepare yourself on probable things to happen.
Hold when you do see that there might be some market change and does have potential and sell whenever you do see some greens or gains on your investment.
Its up to someones decisions whether they would be selling or buying.