Bitcoin Forum

I know that some people are already losing their cool because of the crazy things going on with crypto lately, the SEC, and their security nonsense, I can't help but think that Gary Gensler is just manipulating the entire market for a good entry point, he was into crypto right from the start, I heard that he likes cardano and I am sure that he knows how to make money through crypto lows.

Now many people are getting out of crypto, online search about crypto have gone down so much compared to 2021, isn't this 2020 all over again? People are good at one thing, when they should be buying is when they always quit, I believe we are at that same place again, are you bold enough to keep investing? The next 48 hrs is even more crucial for crypto because of the inflation data, which can affect the price even more, but remember that nothing comes easy, you have to be ready to see your goals getting achieved.

I believe Now is not the time to quit, now is the time to be bold enough, keep using dollar cost averaging, and don't wait till when things start turning around before you start taking a step.

You can be bold and DCA all you want but maybe stop worrying about what other people do with their money and focus on your own investment strategy. It would be nice if you could practice what you preach and get rich first then start educating people about the things you did to get there.

Most likely he is just manipulating, He either have a short position or a better price entry since he probably sold already and want some more. A man that involved on crypto will always find a way to manipulate the market especially that he has a power to do it while those exchanges that he is now suing really commit some violation that he is turning a blind eye when he is still benefiting from it. I think it’s collecting time for him the overdue payment.


What I’m confused on crypto people is why we are heavily affected by the inflation and recent lawsuit while it targets only the US economy. US might control the majority of crypto market but the rest of the world can still repurchase their holdings like what crypto community did when China exit on crypto.

Its isn't a new thing, most of the time we can see people are selling when price is falling but the real whales are behind all the purchases and they consider it as big discounts. I don't think that searches about crypto can be considered as a data related to quitting but we can see the matter of SEC and Binance affected the price a bit which is again not really a new thing happens.

So this is not going to be an end of cryptocurrency so one who thinks in that way are going to be the losers.

Investment is a personal choice and everyone is entitled to their own personal opinion and if after they have done their research they choose to quit then it's fine. I hate to see people telling other not to quite it seems very patronizing and if they say and the market doesn't get better soon enough all the blames would be put on you that the truth.

And I am yet to know of any true Crypto-currency enthusiast who gives up just because of a bad market timing, we all should know by now that the market is volatile and you should work hard on your investment, I have always been very interested in Bitcoin and that has helped me avoid too many reasons to quite crypto-currency.

Pretty simple question for the quitters — if you're an actual investor, why would you prefer investing at the top rather than when everyone's getting out? Assuming you actually have conviction with your investments.

The SEC's negative streak towards cryptocurrencies continues. But despite that, the cryptocurrency showed its highest peak in 2021. Although the market has recovered somewhat in 2023 from a full-year negative streak in 2022, the recent SEC outlook has once again hit investor confidence. But since this kind of situation is not new, investors should have confidence. Investors who stick with the market during these adverse conditions will succeed and It is better to grow your portfolio during this time. Those who use the time properly will be successful in the future.

Real investors can't give up now; they'd rather buy more.

People who focus on making quick money are the ones who are worried, because some people take loans to invest thinking the market will pump soon because halving is just a short while away, but the current market situation changed everything and caused panic for them to sell off, while others who invested money they couldn't afford to lose are also selling off. Only true investors will continue to hold and even buy more.

Exiting during the current market conditions means they have simply wasted opportunities to buy and accumulate assets at low prices. The market is bleeding because of the SEC, but in a way this is a great opportunity to build your investment portfolio. It might be misleading to say the big investors have left due to market conditions, but I tend to believe they are just being careful and some are getting too busy to accumulate assets at low prices.

Any step that one of us takes in this bear market, is what result we are going to get in the bull market when it starts. If any of us chooses to buy more or is comfortable with the coins they already have, that's their business because not every one of us has the boldness to take the risk of investment even when the crypto market is down. One thing for sure is that the market will still be open for anyone that chooses to enter it at any time he or she feels like, whether it is a bear market or bull run

I also believe but in crypto anything can be happened so as a good investor we must face any of bad situations in the market smartly. It's a crucial time for the future traders. They should use low leverage and always must have stop loss activated. And for the spot traders and investors keep doing DCA. Because this strategy has a high success ratio. Always making profits is not a good strategy, reducing losses are also important and that will make a man successful in Crypto market.

Some people think investing in cryptocurrencies is something that should only be done for a short period of time. Yes, it can happen occasionally if you are lucky enough to invest when the bull run is about to begin, but no one can predict that. People who believe in cryptocurrency investments are the ones who will not give up and who understand how the market works.
 
Therefore, the fact that some people borrow money to invest in cryptocurrencies without realizing how volatile the market is or anticipating a quick return on their investment with profits are those one worry about the current price.

To me, it is nothing new to see the market decline, so I don't worry about selling my holdings because I believe that these are not the same as earlier times and that the market can change overnight. As a result, I believe that those who understand how the market functions are now buying to hold onto their investments, while others are selling because they cannot afford to lose their money.
 

SEC despite the demand to provide clear rules for a token to be security, use the Howey test that isn't applicable to new assets like crypto.

making crypto an uninteresting subject is what exactly Gensler wants because by then only a few people will be on crypto and it will be timely to launch the CBDC as planned. more people will rely on the CBDC than the crypto. quitting crypto though will not be good for the investors because, on the other side of the planet, it's where crypto will blossom.

People may not be jumping out of the market, they may be there but not buying again. When you talk about online search about crypto, I will say that it is normal, nothing changed.
Newcomers and people do not search for crypto online during bear market .
It is during the bull run that the news of money making through crypto floods the internet. By then online search about crypto will spike as the price keeps spiking. It is so and we have seen it for a very long time.

I just got here and i do not intend living anytime soon. I cannot make the mistake of following other people's financial decisions when I understand that we are on an individual financial race. If any investor in Bitcoins is quitting because of what is happening, it is what they have chosen, and I can only wish them well. It is as I have read on this forum, and I believe it so much that there will be many challenges to Bitcoins, exchanges will come and go, but bitcoin will remain. From research also, I have also discovered that whatever is happening to Bitcoins right now, a similar event has occurred with the same magnitude to Bitcoins before, and bitcoin has remained.

Try to stay calm and take deep breaths and avoid market volatility. You don't have to stay closer to the market if you have plans to hold the asset long term - if you do then it's possible your plans may change as they are affected.

The market has been very volatile over the last month so you may notice that trends can change quickly. In fact every time bitcoin tries to break a good resistance level - it's only a few moments before it finally drops back down. So don't panic - let weak hands sell at a loss. If you believe the 2024 halving period really supports price increases, then don't sell your assets now. Getting out of the market right now is not a wise choice - if you are experienced, I mean you should take this as an opportunity.

Before anything,  let's not forget that Bitcoin came from a place where it was considered worthless but true believers held on and hoped it came to where it is today..so with or without SEC I still see bitcoin growing...let's not forget Bitcoin is not from a centralized or controlled environment so all this happening at the moment is foreign!!!

Let's keep our cool, better days are yet to come!

I think people are getting more private on their crypto investments especially that it also has the monetary security to it incase of inflation and the alike.

Wouldn't have said it any better!

I would say people many people do not rely on search engines again to relate about crypto like in its early stage. This days there numerous forums for the discussion and this forum is one of them and when people get information here they do not need to use search engines again. Also Almost every social media have hub where they discuss crypto related issues some even set up space meetings and this is where most people get their information from. We can also say not like before many investors are going totally private this days as governments restrictions stiffens against crypto.

I am not much surprise seeing people leaving or selling of their crypto assets because just like there’s the fear of not missing out, people have also created the fear of losing out too. So any economic downturn or restrictions on crypto may news outlets spread stereotypes of it affecting the crypto market and as many people are just in it to make quick money they tend to bow out with this fear.

Actually investors of cryptocurrency actually have their plans and objectives while they invest and while they go out from investment, people who is going out from cryptocurrency investment because of so called sec are investors who doesn't know a rudiments of investment in cryptocurrency from my perspective, you have said it all that the reason while some people go out from cryptocurrency investment rights now its because of the nature of the market, because nobody likes to invest when the market is dropping continuously, so therefore it's what I have reason that is making many people to drop out of investment.

I know it makes sense if a huge drop in crypto can create a nice chance for whales to buy as many as crypto coins. Gary Gensler also can do this if he has a lot of money and has the intention to take advantage of crypto. He may use his power to shake the crypto market, then he can have enough time to collect crypto coins in his wallets. But it is just our speculation, not sure whether it is his real purpose or not.

How do you know people are quitting? Do you conclude it based on your own research or get a data from a certain source?
Sure, crypto market in 2021 is very very different from the current crypto market. You must understand that we were in bullrun season in 2021, while we are in 2nd year of the bearish season in 2023. You can't compare the market situation in the bullish season and in the bearish season! The difference must be very clear.

Sure, it is not the time for quitting, it is time to add more coins to our wallets. Only those weak holders that decide to quit after they heard the current bad news. The weak holders think crypto world will end soon because they don't understand what crypto world is. They also don't know that FUDs aren't something now here.

Focus on your own move first, and with DCA, you know it’s an edge so you can still maximize your bitcoin earning even if its price is not impressive at all like how others have described it. And always bear in mind that seeing bitcoin price consistently dropping is never a bad scenario, instead it’s a good entry in the market that will help all newbies out there to start investing at a significant amount of bitcoin. Now is the time to invest and do DCA as much as you want, as long as you are here to invest for long term and not just for quick rich profits.

I always believe that when price dropped it gives a chance to buy for new investors who are waiting to buy at best price, but I have seen people who were waiting are the first people to not get involved in discount price.

Those who already have some bitcoins in their wallet they got panicked that time and sell their coins instead of buying more. We people love to have panick attacks while we should sit back and relax.

News like this are just manipulative to me and always comes for a purpose, and once the purpose is achieved, everything will return normal. The people that have an unprepared mindset and always have this fear in them mostly suffer the result of such incidence. I don’t know true your claim of majority of investors quitting the market is, but I won’t call them investors but will call them “ passing by risk takers” who only came to reap profit even without having a proper foundation of the market yet. Common, the crypto market is not shutting down and this issue is just from the US and not the entire world.

The current state of the market right now is nothing new, this is the time when the investors we keep to Bitcoin, this is the time to test the patient of investors if truly they are discipline to stick to their investment in Bitcoin.

 There is nothing to be afraid about the current market because in time like this it is the best time to buy more Bitcoin and to keep on hodling. I don't think majority of investors are quitting to invest, people are quitting are those who don't have understanding an experience about Bitcoin but as for the Investor they will still keep on to their investment because they are not new with this current state of the market.

As for those who are quitting Bitcoin I think in time coming they will learn from this experience which will also help them in the future to keep to the Investment without any panic of Fear of the market.

I think those people who truly understand Bitcoin and see its potential aren't a bit bothered with all the drama. The SEC and the government in general can stop Binance. They can stop Coinbase. They can order the arrest of all the CEOs of these top platforms. They can kick out all the miners. They can kill the whole crypto industry in the country.

But what they can't shut down is Bitcoin. They can't censor it. They can't tamper the data. They can't do anything with it. At best, they can make it difficult for people to have access.

This will all have an effect to its price, though. So if, for you, Bitcoin's price is all there is to it, then you might be troubled.

Isnt it a good time to invest when everybody is quitting already? Like tge favorite line on crypto, invest when others are fearful. I dont think you should quit because of the issues that arent half assess or even confirm that will turn out bad. Regarding SEC news lately, Im sure it will trimmed down and lie low for a while its not like everyday they are going to rampage and attack anyone on crypto. Gary is a total manipulators no doubt, so we just need to be patience with the market situation for now.

The cryptocurrency market is characterized by significant price fluctuations and volatility. While experienced investors may see a price drop as a buying opportunity, be aware that not all investors have the same risk tolerance or long-term perspective. This is just a temporary market sentiment and plays an important role in the cryptocurrency market. The prevailing fact If the majority of investors start selling their holdings due to fear or negative sentiment, it could lead to a further cycle of price strengthening as well as creating a challenging environment for cryptocurrencies.


Recent events with the SEC and Binance that slightly impacted prices, such as regulatory actions or security breaches, could erode investor confidence in the cryptocurrency market. While some individuals may remain confident in the long-term potential of cryptocurrencies, others may be deterred by concerns about market manipulation, regulatory uncertainty, or the risk of fraud. These factors can cause investors to quit. The important point is yes, as you said, it's nothing new that happened.


I see from implementation audits Regulatory and controlling parties (SEC) oversight actions can impact the cryptocurrency market and that makes sense. However, some argue that increased regulation can provide stability and legitimacy, others argue that regulation or pressure that is too tight can stifle innovation and stifle investment. ultimately Environmental regulations remain a key factor that can affect the future of cryptocurrencies.

This just goes to say that I am sleeping through any technical stuff related to Bitcoin. I don't even know who Garry is even if he is a higher up in SEC. It surely is just attempting to get people to get out of crypto.

You just gotta admit that even authorities themselves are hodling Bitcoin and they just don't want to admit that. No one can just make people stop using crypto as there are ways to trade without involving the surface web exploration.

This manipulation thing happened every time, SEC has a lot of cases to Coinsbase and Binance i mean it wasnt the first time this happened but this kind of news affect the market prices for sure.

But in my opinion this was just a normal that hapapened a lot in cryptocurrency a lot of investors rely on the news, and for sure we can expect a drop in the market especially if this kind of news or articles are online, but at the same time if something good happened that can also equal to price increase depending on what news it is and how people/investors are going to look at it. But the thing is investors have emotions and not all of the investors can hold their cryptocurrency in long term so if are already expeting the drop so they might just sell it early to avoid loss.

I cant really see investors quiting cryptocurrency for me this is just a normal day, cryptocurrency doesnt have a lot of hype at this moment and the price drop but still a good opportunity to accumualte more Bitcoin.

I don't even understand what angle op is trying to drive at. If others are quiting from investing, does it means that we all should also quite? Not all because we all have our own different problems so if I see some persons thinking of selling there holdings to safe there money in fiat, I will rather buy more because this will make the price of coins to reduce which is an opportunity for me to buy and hold it when the market will add value. It is true that the sec had been sanctioning exchanges and crypto projects but that does not mean continueous investment in cryptocurrency project will halt. We can keep buying more as long as we are buying when others are selling to maximize our holdings.

I had no experience in the years prior to the previous halving. But I study it based on every historical track record in the digital world that we can always find. be it about Bitcoin price movement from year to year or anything else. and I found that before the halving happened or when the halving was almost there, negative rumors and news were always spread more which made people panic and sell and make the market corrected. And I don't think that's any different from the year now which is almost towards the halving. So when the market turned red I decided to be more adventurous in increasing my investment amount in bitcoin.

and about Inflation in the US which apparently has decreased and that is good news for the Economy. But if interest rates stay raised then maybe that would be quite a bad thing. but still I will not be affected by it because I invest for the long term. and the news impact of economic data only has a short and medium term impact. Possible.

Do you somehow lose any money lately? Because you sound 🤕 hurt, are you? It's not bad advising people to use DCA instead because the market movement is unpredictable, this is not some financial advice to invest in memecoins and shitcoins, it's a good investment advice for crypto investors and if you don't like it you should drop a better idea instead of of talking about practicing what I preach, I am a long term investor and I still DCA yesterday, I will do the same this Thursday too, that's your problem if you aren't DCAing, no one is forcing anyone to invest or not, and stop behaving like a loser.

Everyone’s such an expert when things are obvious and they can’t seem to find other emotions except panic when things aren’t going that well anymore. It’s obviously very cool to buy in the second half of a bull run and pretend you’ve done an amazing job and know how to invest only to find yourself stuck months later with a loss you thought wasn’t so possible.

If investment history and experience taught me anything, it’s that this is the time we have to buy not sell because most of the time it’s you have to go against the hoarde not with it. And now that everyone’s getting out it’s like you get a second chance, a second opportunity to buy what you didn’t months/years ago. But do they get it? No lol, everyone’s panicking so let’s panic altogether and cry about our bad decisions blaming it all on BTC

I can’t wait for the next bull run when things are gonna be settled with the SEC, Binance and all the other bullshit going on right now. All those people quitting at the moment are gonna be the ones excited again about a bull run they half-missed because to them you buy high & sell low in total panic lolz

“iNveStoR”

How did you come to that conclusion? It doesn't seem to me that most give up, but those who don't understand the rules of the game and think that someone will ban Bitcoin have always been weak hands anyway. If it's just those who have invested in altcoins, then I wouldn't worry too much, because if you invest in something that doesn't make sense or purpose sooner or later something bad is waiting around the corner.

I've already witnessed moments when people are a bit desperate and waiting for some big pump, but if they haven't learned by now that they shouldn't hope for it before halving, then they'll probably never learn.

I think the OP is asking the wrong question.
It is never a good idea or practice to look at what others are doing or saying, but everyone should consider their own financial situation, analyze the market in detail, assess all the risks and possible gains, and based on all this make the best possible investment decision for themselves.
In doing so, it is always important to diversify investments into different asset classes, determine specific investment goals and a clear exit strategy.
In my case, this means investing in real estate, in shares on the stock exchange, in a new energy start-up project and in bitcoin.
Smart investors don't give up and panic sell their shares on the stock market every time the market drops, but sell when they reach their investment goals.

We all did not plan the same thing before getting into this, and everything still depends on the financial situation we are in. For some people, it is really difficult to invest for the long term because they believe that cryptocurrency is something you should get into and start making cool money. However, for me, as long as cryptocurrency is still there, nothing can make me stop. I am into a crypto for a long time, so if I stop working on cryptocurrency, it will be like losing to myself.

The time have come to test the faith of Bitcoin and crypto investors, to see how strong and determined they truly are, many more people will still panic sell because the market is not looking good and some don't have a clue about the crypto market, they will oy learn after one or two bull market happened and the same things keep happening over and over again.

I have concluded to never sell a dime of my Bitcoin and altcoin bags, all I can do is to make some adjustments among the projects assets that I am holding, if they are getting slack every day I have every right to sell such project assets and buy another.

I learned the hard way with crypto, if you haven't experienced a bear market before there is a chance that the fear of losing your money will consume you but later you will end up in full regrets, it happened to me before.

Those investors that are quitting are weak hands and they don't understand how bitcoins works,that is why they are selling due to panic. No matter the attack on bitcoin by SEC and the US government,it wouldn't change anything from us having a better price of bitcoin after bitcoin halving. It is only for a short time that we might be passing through this dip in bitcoin price. Investors that knows the rules of bitcoin investment,sees this time as an opportunity to buy now that the price is dip,because you will buy higher fraction of bitcoin in a low price.

These are investors who invest for a quick profit, they are quick to dump at the early sign of panic in the market, and they don't follow the rules of investing what you can't afford to lose.


it takes courage and seasoned investors to do that these kind of investors are rewarded for their risks


Because of a series of previous bad news investors are quick to think negatively of the market scenario, it may look alarming because they are targetting the number exchange in the industry but we know CZ he always faces challenges.
There may be a lot of bad news but we are moving to another halving and adoption is going to continue, we just have to be positive, this is the best time to be positive, I'm not selling in fact and no way I'm going to quit after I have seen the ups and downs of the market, especially what happened in 2020.

Yes! Because they have their own lives and we don't know about their stories maybe they already have earned some decent amount of money and because of the current situation of the crypto market today, they wanted to rest on investing or holding some coins in their wallet because probably some of them are just gonna quit for certain reasons that only them knows about it. Nevertheless, when it comes to investment, you don't rely on some people's stories rather you work to find the good coins to invest in today and consider to make some proper research about that coin before putting some money into it.

If you've been into this market and you understand that this is a long term market then there's no exit point in here and there's no quitting.

Like in every cycle that we're seeing, there's always this villain type that will make negative news for the market to plummet and this is what we every time whenever we've been up.

Although we're not up yet, these villains like for this case the SEC/Gensler understands of what's about to come next year which is the bitcoin halving.

With these few cycles we should feel understood. No need to panic, but sometimes professional traders have better knowledge so they are able to manage or enter the market correctly. This may not be true for all, but cycles have proven that there is always a positive side that makes the market better. I've proven that from 2015. Although not all cryptos can survive, there are still many opportunities with certain coins. So don't be afraid, take advantage of this moment if you have free funds.

Regulations can't provide security from scams as well so it's just something that for the people to get courage that is recognised by the government so we can invest so there will be no legal consequences. If regulations helps the adoption rate then it should be neutral, for example some government doesn't even have specific policies related to digital assets but they charge unfair tax rates from the cryptocurrency gains which isn't going to help in any way.

There's no question to those that have been into professional crypto trading, they make money for every situation of the market. But those people like me that's just a simple long term holder, we won't feel any panic on these as we've experienced it many times.

It's true that many cryptos won't survive when we get through the bear which is for this cycle is likely done. But one thing is for sure is that Bitcoin will always gets its own time to recover and everything is going to be fine again.

Exactly, buy the dip and use your spare time and take profits when the bull comes.

Now is truly the right  time to buy rather than quit or sell and I believe  that real investors wouldn't dare to sell but rather want to seize the opportunity  to buy more and hodl for long term.
We are humans and since nothinh is guaranteed  in the industry,  there are possibilities  that one can get scared when the losses gets too much and rather than wanting to lose all to the dip, there is this panic to wanting to sell especially  from  people who has in one way or the other experience  losses from the dip.

I wish more people  who sell will realize that it is better to hodl rather than wanting to sell and rather than sell, they should  increase their portfolio  as there are rumors and speculations of bitcoin rising to an all time high again.

There are time to buy and time to sell depending on why we are selling. There are people that are making consistent profits from the market whether the market goes down or up. The market need to have liquidity for price changes to occur. If everyone of us continue to trade there coins in the market, there will be high market volatility that will keep price on motion.

There are still people that are selling since we all have different opinions about the market and when to buy and sell. The market is big enough for us to buy and sell immediately depending on why we are buying or selling. If everybody decided not to sell then the market is not going to move and liquidity is noy going to be added to the market. It is the frequent buying and selling that is making the market to keep moving and having volatility that traders take advantage of to make profits.

If you are a good investor, you will never get out from a certain investment losing just because the prices have gone so very low and bad. Know that the crypto market is highly volatile so always be open for price fluctuations as it’s a natural thing in the crypto market. And while others are withdrawing and selling their coins, I believe holding on to your investment is always the best option. Just know when to hold or sell, so you will never be investing at a loss.

The best option when prices drop low is to accumulation, but what if they don't have reserve budget?
This becomes one of the problems when they see an opportunity to buy lower, so maybe not all decisions to sell low are wrong especially if they know how to rebuild their portfolio. I'm sure this mindset is shared by most traders, but of course it's different for long-term holders.

Traders are expected to be able to manage trades and minimize the risk of loss by setting cut losses, but investors don't have to do this. Traders tend to sell rather than buy, but if they know that accumulation is a good way to recover losses (especially in case of a trend reversal), then they will.

Price decline do not just happen today, it’s never a new thing actually as crypto prices could be dropping low or surging high depending on the market season, and those factors that happen to affect the market. However, if you have a weak heart and is easily faint when the market turns red, then change for the better. If you keep on tolerating that, you will never be successful in any form of investment.

As an investor it is critical to take a smart and analytical approach to the extremely unpredictable crypto market. While it is true that costs can soar and circumstances can appear unfavourable it is not always a good idea to make decisions entirely on momentary price swings. It is essential to comprehend the characteristics of the cryptocurrency market and its inherent volatility. However it is equally crucial to do in depth study and analysis taking into account elements other than only price changes. You can decide whether to hold or sell an investment by carefully examining its fundamentals researching market patterns and keeping up with pertinent news and happenings. This strategy enables you to handle the market ups and downs with a long term perspective increasing your chances of success while lowering the risk of making losses on your investments.

I think that each of us should think about ourselves, our circumstances and our financial situation and make the best decision for us.
Investing should always be a well-considered decision, based on concrete analysis and market research.
We must always have a concrete investment plan and a clear exit strategy, and it is recommended to always diversify investments into different asset classes in order to reduce investment risk.
Honestly, I don't care what other investors do, whether they buy or sell. I follow my investment plan and when I meet my investment goals then I will sell.

And I know also that some investors remain because they trust crypto and its investment. And despite the SEC issues against shitcoins, they remain calm knowing that it never affects the entire market, not with these potential coins that play a big role in the crypto space.
Doubts could make you think negatively and get you to make a wrong move like leaving crypto. Of course, I don't encourage you to keep holding them forever but selling them is an option as well.
We see some investors quitting crypto these days but believe that they will come back soon because they know that crypto is a profitable investment.

People invest in crypto because they trust it, and some of them have a plan and the preparing next price movement in case it's all about the knowledge and preparation. If you just invested in crypto without proper understanding of how it works and without a plan to entry and exit for sure you will get an immediately unrealized loss.
Investor afraid of the next price dip immediately pulled out their money and feared to lose more of their cash it's now survival of the fittest who trust the market.

You really have dedicated yourself to cryptocurrency, and actually it's pretty good if it's born from your own heart without any coercion from others because when you feel success from cryptocurrency that you base yourself on, of course there will be a lot of enjoyment what you can feel. And I'm sure that you are also very familiar with the risks that exist in cryptocurrencies if you have been working in the crypto space for a long time so there are many things that you might have seen for yourself in the crypto space.

I do believe that he is just bluffing everyone around. Remember what happened to Doge Coin where its price exploded on the market after Elon Musk announced its advertisement? Probably, it is the same case even this year. With the influence of Gensler in the cryptocurrency world, for sure he is somehow trying to influence and manipulate the market since what derives the price of cryptocurrencies are the people who are willing to pay for it in the first place.


I somehow disagree but everything depends on you. With the fork happening in 2024 and by basing it purely on price history index, the price of BTC may skyrocket once again in the coming months and/or years. Perhaps, you are also trying to manipulate everyone for your own gain.... kidding!

You can’t expect the market to stay on its highs all the time. Sometimes there will always be inevitable factors that will make the market look more bloody and pull the crypto prices down. But hey, this is normal in the market especially for bitcoin. Bitcoin may seem dropping it’s price at some point but expect that it will never settle on that price forever. Bitcoin is bound to reach its all time high so it’s price will slowly clim again until everyone sees its price already at its peak. That is the reason why quitting will never be the best option. Instead, do the DCA and continue to take advantage while the price is still at its best entry.

I’m not in a panic mode since I know what we experienced at the moment will never last. I know the price will come to increase gradually so we need to be more patient and still look more positive despite of the price drops. And as much as possible, keep DCAing while the price is a perfect buy, as we cannot do this anymore when bitcoin price has certainly reach its all time high.

Any person that want to quit as a crypto trader can do that at there own misfortune. We should be responsible for every decision that we take when it's of good or eveil. If we take a good decision, it's going to affect us positively and we are going to be happy with ourselves but when we adamantly go for the wrong decisions, the result will shake us and make us regret why on earth we ever think of taking that kind of decision. Those who have taken the wrong decisions before and regretted it would understand more of what I am trying to express.

Real investors would have stepped in at this time, they know this phase will pass and market will rebound again, those prices were bargain, may be still are  ;D


We can point fingers at certain happenings/people for causes, but in broader view it's just market cycle.

Everything has consequences in trading, I have also experienced this where fresh funds are needed immediately, especially if the price is at its lowest point at that time. Estimating that the value of our investment has dropped dramatically, but the number of coins/tokens we hold has increased. Right, and this needs to be straightened out and explained here as you say, not that selling at a lower price is always wrong. Investors can focus on strategically rebuilding their portfolios. Only those who have a strong mentality can do it.

Those "investors" that are quitting are just short-term traders. The long-term investors (the bulls) are not going anywhere because they know these maniac events will pass as well. It's like last year when lots of crypto services shut down and the Fear and Greed index was pointing to "Extreme Fear" - this was mainly the short-term profit-seeking investors.

I wonder where it's pointing now? I haven't bothered checking it lately.

I don't buy your story, most people already know about Bitcoin super cycle and they're trying to hold until that time before they sell their coins. However right now the Bitcoin price has been reach $30K which is the demand become higher than past few weeks. It's a sign many investors are join the Bitcoin adoption regardless the reason is e.g. to protect their wealth, privacy, making money etc.