Bitcoin Forum

Many people are relenting to trade or invest but assuming the pumps start now, everybody will wants to come back and make money. People can not endure test of time, everybody is taking out their bitcoin investment because they've no strong foundation for bitcoin but those staying and keep trust the project of bitcoin will reap the reward of their patients.

This what in 2011, people miss opportunity to be rich by the act of impatient and remorse of system crashed but we are strong enough come rain come shine we will still wait for good days to come. Bitcoiners for life

Does the title match your posts?
I am not sure. Maybe due to the language barrier.
Who said Bitcoin doesn't have a strong foundation? Already millions of people use bitcoin and hold it. Day by day, people are learning more about bitcoin. Whoever knows in-depth details about bitcoin and its features. They are still using it, and it's spreading over the world. Nobody knows when the pumps will start. Everyone just predicts and we do the same as well.

Got really confused by your title. In any case I think, and correct me if I am wrong with this, you're talking about people who are too hasty when it comes to taking out their investments. To which I will say, it's their money, they can do whatever the hell they want with it. Yes, they lost on a a huge percentage of profits they could've gotten if they just held their coins but for me, profit is profit. Everyone has their own threshold of how much they can lose, not everyone can afford having all their investments zeroed out, so to persecute these people out of the fact that they are "weak hands" are just weird to me. Again it's their money, their rules.

I'll be honest, I didn't understand what you wrote and the title doesn't match the text (or what it looks like) however whoever withdraws from Bitcoin after experimenting means they weren't ready or didn't understand anything about the protocol.

That is Bitcoin's next big thing in line. I mean what would you expect when bitcoin goes up? A race where newbies are having FOMO investments while legends who already had bought bitcoin at the discounted prices will be either hodling or pressing sell button as fast as they could. That's what happens when bitcoin is pumping and people reacting to it.

For example, in any type of trading (like commodity based, shares, stocks or crypto for that matter), there are always few type of fixed groups
1. There are FOMO investors
2. Group that is buying constantly for DCA methodology
3. People who are long term institutional investor believer. They will just keep buying irreseptiov of prices
4. Group that would be selling to book profits.

....and that is why there analogy of above cycles.



OP is referring to sudden spike in activities that I have mentioned above. More than that they might be thinking about increased transaction / network congetion that happened during the 2017-18 Bitcoin pump. At that time bitcoin confirmation were taking longer than usual. With low fees it was weeks and even month in some cases. That kinda "traffic jam" they might be thinking here.

You basically described what FOMO (Fear Of Missing Out) is. It happens all the time in almost all markets, Shitcoins, Stocks, Commodities... you name it. What some people don't understand is only a few will rip big from anything involving gaining a lot of money. Be it trading, mining or any other form of business. This is a bitter fact that is hard to swallow.

What you should try to focus is on the part where masses haven't yet come in because as soon as there is a gold rush by the masses (FOMO) it will no longer be that profitable.

This is what i do want to ask too on which i dont see the connection of the topic title on the content of the post which it is really that too contradicting.
Going back about being the main coin been supported by the community then it would be no surprise since it had been tested out by lots of challenges and other issues that had been thrown to it
but still it do stood strong.

For those who had missed out the train then its still not that late for us to get in but of course earning opportunity and chances is really entirely different compared
to those who had able to get in early.

There is no missed opportunity since no one even knows what will be the future of Bitcoin though.

Regardless of everything it's good that past experiences should teach us what to do next.

Since we already witness what bitcoin is capable of, then just accumulate as much as we can if possible.

it's a little contradictory, but according to the OP about bitcoin foundation, he said that a beginner can't stay strong holding bitcoin because they don't understand what bitcoin's foundation really is, so they have no reason to continue to hold bitcoin. but for those who believe and know about the bitcoin foundation, will continue to hold bitcoin until the price they want is reached.
The bitcoin user community has spread all over the world and has become a large community.
For those who are behind or know about bitcoin, now there are still many opportunities that can be obtained. The price of bitcoin is also still in the $20k area and it is still very much worth it to enter. entering early means entering as soon as possible, due to rapid price fluctuations so determine where you will enter.
Bitcoin is for long-term investment, so don't panic about the decline, it only provides an opportunity for us to continue to add bitcoin assets.

This is pretty much just a "you should patiently hold bitcoin" that's just stretched out to make it look like a thread that's been actually worked on lmao. We already have like 346346434 variations of this topic.

I think the writer was a bit confusing from your tittle but your points are good though when it comes to investment of capital people are very calculative not to incurs excess loss or regrets and at this point I don't blame anybody taking their money because how do you think this saga of bitcoin deepening price will last, guy people's capital is just reducing every second, some even invest with little amount and the capital has vanished over time.

There is nothing bad to holds if you're comfortable with that but if you're not you sell off and relax your mind from the deep until probably bitcoin has a head way again. There is nothing like foundation in cryptosystem because you're not the one that build it we only journey along, people who knows the foundations should be the pioneers of the projects, lol, they can lightly tells us our faers. But been patients or not does not guarantees the safety of your trade capital or investment.

I read the original post two times and still can’t understand exactly what he is trying to say. From the topic I think he is talking about the blockchain confirmation times due to a huge back log and he is not wrong.

When Bitcoin and especially Ethereum are pumping the fees are crazy high. Even earlier today the gas fees were like 100 Gwei for a short while. Basically makes the network unusable however you can’t complain because at least your investment is rising.

If the reason for your investment is that you believe that you will be rich, then you will most likely sell your currencies at the nearest price increase or panic. Your investment must be based on a solid foundation.
Investing is a disciplined behavior based on plans, which means that hopes and optimism for quick wealth is not within that disciplined behavior.

Many sold when prices collapsed in 2013 or 2017.

I guess he's saying that many people who trade and invest in bitcoin want to go back to doing it again, hoping to make a profit or money. But unfortunately, not many people can survive in difficult situations and decide to get out of crypto and not come back. People who want to go back don't know where to start but believe in bitcoin and still want to invest in it.

And if those people can't patiently wait for bitcoin to get another new ATH, they still can't make any more profits.

Sorry to say this but you are wrong. He is not referring to the blockchain or traffic of the transaction but what he truly mean is that people will go back again in the market once Bitcoin pumps. Actually, the majority is still here and the ones that quit temporarily are the newbies who don't know yet if what is the potential of Bitcoin. BTC price have dropped but it does not mean that Bitcoin has no strong foundation.

A drop in the price is only temporary and normal. Many people doubt BTC in its earlier days but I wouldn't blame those people. If we are on their shoes I think we will also do the same thing or do worse than what they did. What do you expect with them @OP? Bitcoin that time was still new..

That's a good trouble. Same issue with fees, during the bull run when the price is breaking above ATH price, that means transaction fees increase a lot as well and that causes a bit of an issue for people who would like to deposit or withdraw or simply just move money around.

However, that is a good problem to have and we can afford it most of the time because we end up with making so much profit, so when you make that much profit, paying a bit more to fees doesn't really bother you. Same with the jam, there could be a lot of people, we won't care about it because we would be busy celebrating the insane increase of the bitcoin price and how it is doing.

Forget about the past. What have you learn from it?
Will you miss another chance too? This bear run was an opportunity. Those who have bought the DIP and still hodling, will be rewarded in the bull run. And those early and panic sellers will be at the loss and helping those hodlers to buy at low.
It also clears out those weak from the market, only keeping the strong hands, thus making the market flow in a steady motion. so eventually we will see a jam but it will clear out soon.

It's true that if the market goes bullish again, there will be a lot of people that have been in here that shall come back and would like to take profit and get a chunk from it.

This isn't new because in almost every market there are traders and investors that only looks for the short term gain. Needless to say, forget about them and focus on your own goal which is to make yourself intended and prepared for the upcoming bull run.

And whatever will be the result of it, you'll be glad that you're able to get in before the pump.

LOL, I believe it is just a normal thing, during seasons when bitcoin price is facing a very high volatility, which we normally know as bull season, many definitely come on board to take advantage of the season and make money for themselves, it is also a season when many newbies come onboard as well, all hoping to make good money for themselves.
But, then many of this people do not understand that, bear season is the best time to buy and wait for the bull season, buying  when the price is lowest and waiting to sell when the price is at its peak is better than buying when the price is already going up and hoping to sell at the peak.

Perhaps there would be a rush to invest and withdraw on the part of hodlers, this system have got just the right means to put all that in check and that's with the fees and how transactions are prioritised in that regard. If you want a quick confirmation on yours transactions, you be ready to pay the price or perhaps  send it days before you actually have need of it.

Speaking of reaping, of course there are those that hope to enjoy the fruit of there investment and so, having some portion of your portfolio cashed out as a means of taking profit isn't a bad idea. You've got to enjoy what you've laboured for but, you just ensure not to empty your portfolio, it always goes up after a while.

And this is another reason why the price of Bitcoin is going parabolic during that time, people are doing FOMO and they just press the green button with panic. We already experienced this in previous prices of Bitcoin or previous bull markets.
I am curious if people will learn lessons that they will realize it is much better to accumulate Bitcoin during the bear season.

OP probably wants to say that people are afraid of the price dropping to this extent and that's why they are running away and panic selling their assets, but eventually, everyone will come back and start believing in it once they see it rising again just like it did in the past.

But honestly, I don't understand what OP means by the title he has chosen for this thread. Although this is a repetitive thread, somehow, I do agree with OP on the point he is trying to make here. People get afraid of the dropping prices and start panicking selling which causes further declines, and people come running when the price shows positive movement.

In every commodity, there are people who fully believe in the product and knows the profit capacity and probably of it while there are people who just want to hang around for the little and near time profit, in trading parlance they are called scalpers. So understand it that there are weak hands and strong hands and this is also how bitcoin investment is, there are those believing in the long time and short time. It is not every investor that will stay for all the long time, there are those that will stop on the way.

People will only be determined to invest when they already see how the price moved, during 2017 we see that users of bitcoin user increases and attract traffic that causes more investors. However after many old holders sell their investments and causes the price to dump they called Bitcoin as scam and leave. Only those who research thoroughly will understand the cause and effect of the buying and selling. And we as investors should know our priorities whether we will hold longer and accumulate or just ride when the price already increases.

This is nothing new. We've seen it happen over and over again. It's the fear of missing out of what they think it's obtainable that makes such move pronounced and it baffles me why anyone would wait until price starts rising to chase it. It happened in 2017, repeated itself in 2021 and will also do same in 2025. It's such a situation that will continue to give us the needed ATH. Don't forget that it was because of such FOMO that Bitcoin got chased to $68k+ in the last bull rally. We will definitely see another chase. The moment is building up already.

No one wants to be associated with failure or anything that's stagnated. Just like the eagle, anywhere the carcass is that's where they're gathered. It's human nature to want the best.

He might not be good in English grammar but his words are somewhat connected and understandable. I wonder why people say his title does not match the body.
The title says "Traffic will jam if bitcoin pumps". This means that there will be many inflow of people into bitcoin ecosystem when bull run starts. And this was exactly what he explained in the body of the thread.

I'm also not sure if there are really people who have kept their bitcoins from 2011 and haven't sold them at all, if there are maybe the comparison is very far.
because people will find it difficult to hold back if they make a profit and will immediately sell it.

Due to market innovation and the emergence of new projects, there have been several changes between 2011 and the present. No one is prepared to lose the earnings they have accrued over many years, given the state of the market. But, I am aware of traders that are proficient market scalpers and who do it using amazing news and signals. As the goal is to create a bull upswing to $100k, there is a need for retracement even though the current movement of bitcoin is rather negative. Market volatility makes it unpredictable, yet traders are still generating good money during bull and bear markets; all we need to do is adjust to the winning trading tactics.

I've seen and heard of people who waited patiently for a long time but did not reap the benefits. They exited the market just as the market was about to experience a pump because their patient limit had been reached. This is still due to a lack of knowledge about the bitcoin market. The content of your post makes sense but it differs from the title of the post.

I just saw this thread and also makes me wonder why does the title is too far from the content of the post.

The real holders are the one who are really taking the benefits of what they are doing. They won't budge on a single pump as they are committed on holding the bitcoin they have. Those who are selling are just short term traders or the one who just need to make profits from it. Those type of people doesn't assume that they can make a big profit from it knowing that they are just selling it short term for profits. This doesn't mean that they have no strong foundation or knowledge about bitcoin market. I strongly disagree to judge people who just sold their bitcoin, For sure they have their own reasons why they sold it and has the freedom to sell it. It's their own freewill and for sure there are regrets to themselves too.

The OP has been banned, so anything suggested for him is only likely to become useful if he actually still reads it.

Bitcoin has real use cases as means of payment, so not everyone is going to hold on their bitcoin as a long-term investment because some of them spend it on buying things. So of course it's true, sell now or later, spend now or never is the full right for whoever they are, your bitcoin is your bank.

When bitcoin pumps it’s time hold your assets tight and never let them go away. Basically it depends on your position in the market. If you are already in profit and well above average point then no need to sell. If you want make profits and buy again then that could be done quickly with decentralised exchanges or p2p transfers. I’m stressing on holding because it’s long term profit that’s gonna make big difference. Once sold its sold for that particular price. However, in the opposite case when one keep buying then they are securing the average price per bitcoin thus making it far more profitable.

So no question of pump and traffic jam or whatever you call it. ;)

Yes exactly those who wait for the best achieve best and those who do not think with active minds and want to earn quickly will definitely looser. Large number of crypto users are guaranteed to get profit with the investment in Bitcoin, now people are getting involved in crypto more than other job because bitcoin will give you more money as a result of any other job. But for success it is quite important to make a sense about time of selling as well as buying and make appropriate decisions. If you get feared with crypto lower price and do not wait more for the betterment of worth then its your fault and it will lead to your loss.