Bitcoin Forum

Not so long ago we've all whitnessed bitcoin at price 2k usd per btc. Now it is 4k. Sometimes before buying BTC I have a strong feeling that the price will fall pretty soon and I hould wait a bit before buying. Usually it all ends bad. Anyone have the same problem? How are you dealing with it?

I think there are a lot of people with same problems, including me.
Development, adoption and price of all cryptos will grow faster and faster every day. It's all about money and money concerns everyone. IMO there is a lot of smart investors, with pockets full of money (FIAT), which are waiting for the price to drop so they can buy. So I buy some BTC every month regardless the price.

surely everyone has problems like this. depending on how attitudes of each individual, will the problem train mentally and become a lesson for the future or even lower the mental to purchase BTC

I don't think it will affect anyone because bitcoin price fluctuation finally leads to bump only. Hence you can invest bitcoin and buy the btc as much you can at anytime. I am sure that you will never face the failure because of that. If you have doubt about my answer. Check with the traders they give better explanation I guess.

If you look at charts, Bitcoin's value is steadily increasing. There are a few drops, yes, but the value of Bitcoins will keep going up at this rate for a while still.

Just don't invest only in bitcoin, that is the ultimate startegy you will ever get in crypto world.
Also always hold some fiat (USD/USDT) in your hand so that you can buy some cheap coins when there will be huge dump/correction like right now.

Emotion won't help in trading, you need to look at charts to figure out good entry point/buy point.

It's completely normal. People need time to get accustomed with the prices. Do you think $1000 for a BTC is a lot? Would you pay it now or say it's too much? For many years $1000 was that mental barrier and people were dreaming of cashing out at $1000 and saying that nobody would buy above that price.
Just wait and if the price doesn't fall below $3000 until the end of the year people will start treating it like something normal and consider everything below it as a low price.

same here.I also believed like you and me we can found a lot of people who also faced it.Many times i thought about buy bitcoin but i didn't. I thought when the price will dump again i will buy.But the price of bitcoin goes to moon now.I lost the chance to buy bitcoin at $2500 now the price is $4000 or more.but today the price is seems to me low.Its buy time i think.

I don't know why are you feeling that even after seeing bitcoin price reaching to 4K from 2k USD within a few months? Probably it's all about the negativity you have inside your mind or the experience of a previous event. However, if you are thinking of long term, then I am sure, that even will not occur again. Bitcoin is a very good investment for long-term and not for short term.

Keep buying bitcoin because the price of bitcoin is not optimum high and has a lot of potential left to go up in future. Buy and hold bitcoin for at least 3-5 years and you will see the magic. However, if you are thinking short term, then prefer to stay away because the price is really volatile.

Buy it for the long term and stop worrying.
Over the long term bitcoin has performed as a great investment.

What I've learned from crypto trading is that you should hold at all times and only really consider selling when you've reached your long term goal.

So many times I've looked to make some quick gains and been completely robbed off of pumps.

What someone else said in the thread about keeping some money to invest when there are big corrections is certainly true. Its good to invest long term and to buy in at any time, but if you want to make huge gains its also important to have some money saved on the side to buy in once coins go cheap

Recognizable problem. I didn't bought Bitcoin in the spring of 2013 when it was $35 because I thought it was outrageously expensive and couldn't possibly go up any more. I remained hesitant as the price shot up further, all the while with the same reasoning. This train of thoughts has decreased somewhat nowadays as crypto now appears to be here to stay, but I missed a lot of profit due to being (too?) cautious.

The mental barrier i see with people about bitcoin is, they lack the knowledge of wht bitcoin is, they fail to understand what bitcoin is all about, they never do researches, they tend to think they know everything when it comes to invesment and say bitcoin is just a scam and sad to say, most if these people are close to us. The next thing i see as a mental barrier is the language we use, we understand the technical terms even though they are hard to explain, as for the layman's terms, once we try to simplify it, most will have a hard time of explaining it, since what people need to do is to read and researcb about the terms. Then therr is the generation gap, for young people they could easily understand technology today, but for those who are old, they might need a couple of months just to undetstand how to a pc works. I think the mental barrier there is, is that people no longer read, do research, just likr in the old days, what people want today is being spoon fed the information they want, that's there is this mental barrier, if you know how to read and competent enough, you can understand articles about bitcoin and everything abiut the subject.

Emotion and psychology are very difficult to control. But you have to learn how to control it. Only then can you make the right decisions. In order to have confidence in yourself, to control your emotions, you have to understand the market carefully and follow the fluctuation of prices to be able to predict accurately. So you can succeed in investing btc. But all are exceptions. There will definitely be wrong decisions. But, try!

Most users gave this dilemma whether to go for it or not, which is purely on the volatility of the bitcoin compared to the assets such as gold, platinum and so on. This thinking goes out and gives a relaxed mind insisting to buy more and more when the user himself experiments and gains a small profit through the same.

I don't give a second thought when buying bitcoin or ether. I treat it like converting money to another form that I can always get back. The amount fluctuates but overall it will go up. I don't care if I buy near $5000 or near $4000. In a month or two it will be higher than what I put in. Though $5000 may take awhile with all this FUD. Converting bitcoin to another alt is a mental barrier for me though.

Brother, you're not holding onto your bitcoin long enough if what you said is true.  You're
what they call 'weak hands', and you're the most likely to lose money by trying to time
the market and getting cold feet and/or panicking.  We're down significantly from $5000
right now.  Don't you think it might be a good time to buy a little?  I do.

You are just being a smart investor. dont feel bad about this ;)

the meteoric rise in value is not sustainable, imo. bitcoin cant go up forever; eventually, it will correct, even if it does continue up. i take sooo much flack about this from some of my crypto bros. i have advised people against purchasing new bitcoin for the last 6 months or so. i wont be responsible for suggesting an asset that goes south a month after i mention it :) so those same people, have been like 'fuck you man, i could have made 20%" and to this day, i would still tell them. wait.

and now im waiting to see if ths china rumor bullshit has any teeth to it, and what that will mean for the price and the altcoin markets. all these recent developments may prove me right; bitcoin might be considerably cheaper in the near future, for a limited time ;)

The price is most likely going to be dumped hard very soon.

Even without all this negative press coverage and new regulations that strongly oppose bitcoin from China i think the eventual adjustment of price downwards will be inevitable. Bitcoin is not something that can always go up so quickly. It is a currency, and even though currencies can be considered investments they still don't achieve crazy returns in the long run that btc has achieved over the past few months. It's not sustainable growth.

I would say that buy bitcoin when nobody is talking about it, sell when everyone is.

imo it is still cheap now (45xx-48xx). it broke $5000 not long ago.
ppl who regret not bought at 2xxx, they don't realize what the price would become in future. so when the price hit 7xxx, there will be ppl who regret because not buying bitcoin now.
buy some btc and save some usd in case it dump hard

I just keep HODLing and they keep going up. Just hoard and hoard and never spend then you never need to worry about the dips when you're at 1000% profit.

I'm pretty sure everyone encounters this problem. You're risking your hard earned money after all. The safest way, obviously, is to only risk money you can afford to lose. You don't gain as much, but you don't lose much either.

You could also do cost averaging to take mental barriers out of the equation.

I also experienced that kind of fearness in bitcoin and i am not be able to buy bitcoin to the price that i am doubting that will go down so i just ignore buying bitcoin and i always experience that when the price was 2,500 USD because my buying price is only 2,000 but the price right now is above 4,000 and i already learned the lesson and i deal with it by buying bitcoin regularly to avoid having doubt for the price for not buying at the right time.

I agree, bitcoin's price might drop some time soon. Over the past few months, maybe even weeks, Bitcoin's price has dramatically increased. I too am afraid of an upcoming drop that might hit us some time soon as a result of this drastic change.
However, even despite this possibility, holding bitcoins would still have to be my biggest option when it comes to earning bitcoins and making a profit from it. Even if the price does drop, it will most likely stabalise itself after some time, maybe even a few hours. I just don't see any reason why it would collapse.

Sometimes, listening to your emotions and gut feelings may lead one to their success because it makes them decide wisely. Other times, it make them too scared to make a decision just as you have shared. There's nothing wrong with that, it is but normal to feel scared sometimes or have some doubts. Just don't let it have total control over you or you will lose your mind overthinking about it.

It really is hard to make predictions and speculations, and there is no 100% accurate price prediction out there so just try to research thoroughly and make a judgement for yourself so that you can make decisions confidently.

This is why they say there should not be mixing of trading and emotions which ends as bad result. This is because you get humbled with greed and you always think you can get the coins at lowest price and will sell them at highest possible rates. That's not the way it works. You have to be better than that in handling the trades. If you want to be in the race for long period of time then you have to go for liquid investment. Which means regardless of price of bitcoin or any coin that you invest you should be putting money into it and then winning the game.

In the beginning of my journey, Yes. But as I matured enough, I realized that you don't need to wait for the price go to low before buying it. Well of course, its better to buy in dips, but sometimes you already see that the price is dipping and still  wait for a certain price to enter, then suddenly the price shift course and you lose that chance already. That's why if ever I got the funds and the price is low, I immediately bought even in a small portion because I don't want to lost that opportunity to earn profits by hodling.

I think you can deal with this by informing yourself understand in what stage we are with this whole cryptoscene. It's still in the early adaptors phase (=$$$) to put it plain 'n simple. If you're planning to make a quick buck than the hesitation is because you don't have the intell to make a reasonable price prediction. If you're looking for a longterm investment well then you should just do it and stop giving a fly if it is 2000, 3000 or 4000 as most likely it will still exponentially rise in the long term.

If I had been a bit smarter watching this scene passively for 4 years I'd have breaken trough my barrier and bought when I saw btc @ 300 but I found it all too complicated.
I wanted to buy ethereum when it was under a dollar but found the process to complicated. Now I don't find it complicated but rather sketchy...

Hope this helps a bit.

Yeah happened with me many times. It's really difficult to digest that thing because when we think one and happens something else then it goes upside down. I have lost so many opportunities, the good one which could have made me rich and I could have been reinvesting my profits by now and relaxing in the chair. The start of year 2016-17 when the bitcoin price saw dip of 700 usd, the event of bitcoin crash in the mud year 2017 and now the segwit situation when the price hit the remarkable dip of 1800 usd. These were the best investment opportunity I have missed in my life and now hoping for the next dip to occur. This is what happening since I met bitcoin. One should be very strong in the decisions making when we are trading asses like bitcoin.

It's not big deal and almost 90% people do the same thing as you are depicting it here. They might say big things like they don't care about the price drop and investments and etc but the thing is everyone is concerned about the money they hold. After all it's money and in a serious node everyone loves it. Nobody wants to get in loss and that's why everyone is panicked while investing money.


Everyone thinks that they will invest money when the price will go down a lot. The only thing we should take care of is we should not get much greedy and whenever the little change occurs you should just buy the coins. Waiting for long time always gets the thing done upside down.

Why stop? have you even heard about that in the previous time? I meant in 2013 bitcoin has the same story with this time, the china are trying to ban the bitcoin and that was the reason for us to believe in bitcoin, because bitcoin is the future of the digital payment.

Yes, sometimes those gut feeling or emotions are leading you do a good direction. But if you think otherwise then you will regret and a lot of 'what if' questions being asked. So it really depends on the individual if he is willing to hear those feeling inside of you telling to buy bitcoin specially dips. However, its not always right as well, so you have to really balance yourself if you are going to listen to yourself or not.

I think that people don't quite have the ability to familiarize themselves with the idea of holding such amounts directly into a wallet without any further institutional insurance. But aside of that, many web-shops are accepting bitcoin every day. I went to buy some shoes the other day online and to my surprise the store was accepting BTC. It's very low cost and also low risk to accept it online.

Exactly like that. Buy some bitcoins (even fractions) and keep it for a long term. If you read news, some people are expecting that the price will go up to 10000$ or higher at the end of this year... I am not sure if this will happen, but future is bright for bitcoins

I think that mostly newbies and people who don't have clear knowledge about bitcoin would only have such feeling and confusion.If we see the previous price history of bitcoin price,we could clearly see that it has not disappointed its investors and it has settled always in a price more than its previous price.If you still wait for the dip,better think about those people who had a golden chance of buying bitcoin at $1850 before august and still they wanted for more dip and finally they had to regret for their delay since bitcoin price immediately rose to $3000.So,invest confidently.Bitcoin seems almost to be a sure to success.

You are looking at the linear chart, look at the logarithmic chart and you see we are not in a bubble at all. A lot of market analysts are calling a 5 figure price for the next year. Anything is possible, as we've seen, fake chinese news can crash the price a big deal, and we got the segwit2x hardfork on november which could cause a crash too, but in the long term everything should be OK. Im not saying great opportunities to buy cheaper aren't around the corner, that is why when some people asked me if I would buy in right I said no, because I don't want newbies to get money on bitcoin, then see a wild crash (like the one we saw) and have them complaining about it to me.

Bitcoin is for special people that understand the technology and do their research first. This is what will make you stay comfortable for the long term and ignore all the drama and price swings. Long term BTC holders are going to get rich period, but few have what it takes to hold long term in this game.

Yes the price seems high so you want to wait for a drop to buy but then the price just keeps going up. I've been there many times. In fact, I don't trade much right now for that reason. The price is too high to buy for me. I still think there can be a big correction coming but a big correction now would be $3000 which is high compared to just a few months ago. And I could be wrong and the price could keep going up to $10,000 and we'll be wanting a correction to $8000 to buy. We all face this dilemma.

Experienced the same thing on the whole year of 2016. I am in a dilemma whether I should buy bitcoins at a large scale or no. I have the cash back then but my mind thinks that after I buy there would be another stagnant period and series of crashes, so I decided to just use it somewhere else. Fast forward November 2016, this is where mining seemed to become alive again and bitcoin is in a series of surges. I still thought that this is just some small pump and would soon fade away. And after that month, after I used the money I had, it is where things started to go crazy for bitcoin

Bitcoin has fallen below $4000 few days ago but could recovered as fast as possible, because people in rush to buy cheaper coins.
The rules are; do not buy at the peak, buy whenever dip occurs and sell at the peak if you want, so it's a dilemma to decide the best price for entry point in bitcoin. Whether we should wait or buy it now? Just get rid of your doubt and buy bitcoin at this level before bitcoin reach $5000 again. Bitcoin will be reach that point and even surpass it obviously, it just time matter, and the question; are you willing to wait until the time comes? Or just watch it happen.

Yea after reading this thread I bought some more bitcoin I bought bitcoin at a low price of 1700 before then traded it for miner/ICO's/and a few other coins. Do I regret it? No because I think in the long term I will make money off of everything (or most of everything) that I put that bitcoin in. But I will keep on buying as well I mean why not it just keeps going up anyway who knows where the cap will be maybe 20,000 maybe 20bil. :) no one knows.

You should define how much you want to multiply, get a sum of money that you do not mind losing, buy cryptocurrency, believe in success and just wait until it reaches how much you wanted.

Fiat is still king though, many of those investor are concern more about short term profit so there would be fluctuation regardless of the popularity.

My mental barrier is not so much the price increase, but more the hard fork situation in November/December.
I do not know what to make of it. My gut feeling tells me bitcoin has not disappointed me so far.
My head sees the numbers of 2x supporters amongst miners that show a large majority.
My head although sees that head and gut feeling go different ways and tries to warn me this is might become a mess.

well there are precautionary measures to be followed if a fork will happen and yes predicting what will happen after that is just plainly impossible so lets

not overthink things because it tends to cause panic resulting in bad choices. look what happened on august first, most people think that bitcoin will

really fall because this side is superior comapred to that side and so on--unending debate but hey since no one in this community wanted bitcoin to downgrade,

another solution arose and now we are happilly living in 4k. mental barriers are there but you can always defend yourself from it

I know how it feels but I haven't faced any such situation yet because I believe that Bitcoin will give exponential growth in the long term so these short term prices and volatility is absolutely nothing considering that long term gain. The case is same in trading too, you have to deal with your emotions in order to have a rational approach towards your investment and the market behaviour.

On the other hand, I go with systematic investment plan which emphasises on buying in a smaller amount at specific intervals of time so your question is not relevant in such case.

Actually this shows the resilience of Bitcoin. The demand is so great that even corrections are getting watered down now. The recovery in prices is made in a matter of few days, compared to many months earlier.

comfort breeds weakness, that is what I always tell to myself. Sometimes we have to get out of our comfort zone if we want to reach new heights, think of failures as opportunities to learn.  ;)

The problem is if you make it too complicated, if you think too much about the buying process or read too much FUD then you will start believing that maybe Bitcoin is a scam, or it is going to crash to $0, or there are better coins that will overtake Bitcoin, or any of the other rumors. The thing is you need to just bite the bullet so-to-speak, and buy Bitcoin NOW and do not think about these false rumors. You will be happy in a few years after your investment becomes worth a lot more. ;)

I've had this issue numerous times. Its caused by the idea that history or circumstances will repeat.

Sometimes its good to be reminded that every case is different and unique. We as people try to identify patterns in things like price movements. What happens if there are no patterns? That could be the most frightening prospect & the one we try to avoid by expecting history to repeat.

This happens a lot in sports. If Ronda Rousey wins 5 fights in a row. People expect her to continue to win so that history can repeat. Of course any trend is likely to be broken at some point in time. The same principle could apply to markets, currencies, price movements. It may only be a case of when.

I have quiet similar problem like you. I want to believe that BTC will rise much more, and it is quiet obvious because the number of person fall on single BTC is huge, what is more.we mainly use BTC to trade/buy other currencies WHEN crypto are more and more popular so we know how it should impact on price (demand and supply)... But in the same time I see that not every country perceive crypto in the same way and in any time can ban it... Most people love BTC but there are more cool crypto that offers key features and who knows? Maybe we have already alternate "bitcoin"  :)

People are severely limiting themselves with going for one option at full. I benefit from each direction the market is heading to, and that's how things should be done. I always make sure I have enough fiat and coins in reserve to fully utilize this market's volatility. If the price falls down, even after buying, I have enough fiat left that allows me to buy all the way down. It not only grants myself a great new entry point, but it also helps lowering my overall buying price. If the price increases, and especially like how it has gone up this year, I have enough coins left to cash out on every $500-$1000 increase this market experiences. People going all in at whatever price level, or sell everything at once, purely depend on one direction, and that's not the way to go.

Well ,if I had to invest, I think I will not be procrastinating about it. Bitcoin and other promising cryptos are the next invogue in investment world. They are always on the uptrend with slight lows to rise again, until it gets to its destination which is not anytime soon.

I think there is not mental barrier. I think theres a big deviation from the price consensus or moving average, and that make people with brain to not buy at extreme overpricing

I also have the same problem when I want to invest bitcoin. so that would hamper me to invest bitcoin. erratic price bitcoin makes me confused whether i should buy now or i have to wait for bitcoin prices down. if it happens to me. I usually stop to think about the negative impact I would have if I bought bitcoin at the time. I bought bitcoin at the time and kept it for a long time. if i put off to invest bitcoin then i put off to get profit in the future. so it's best for me to buy bitcoin without risking it.

I have experienced such a thing but I continue to learn how to solve it, in order to predict the price in the next few hours or days, I learned from the trading chart from there I can see the market direction in a few hours and beberpa days will be like a [pa so that when will determine the sale or buy bitcoin we can already predict the future price like what

I have experienced such a thing but I continue to learn how to solve it, in order to predict the price in the next few hours or days, I learned from the trading chart from there I can see the market direction in a few hours and beberpa days will be like a [pa so that when will determine the sale or buy bitcoin we can already predict the future price like what

The reality of risked is hunting us that's why we tend to doubt our own instincts. This mental dilemma is normal for a reason we're human beings, a survival instincts would be the best to discribe it. Those problem won't exist for a person with no care for losing those who have much money on their pockets. But for me, who've earned it the hard way makes it more difficult to gamble.

It's the fear of failing. And with each time bitcoin rise quickly, the fear that it'll suddenly drop becomes even greater. It's natural. The thing here is as long as you are not risking your life savings, there usually is little to fear. The profit is the reward for taking the risk.

I think it's important to recognize that life is not like a movie where the main character will almost certainly "win" in the end. When Bitcoin hits $1 million, there will be people who followed it from when it was $100 but never got in cos of the endless cycle of "When it goes down I will buy" but they never do and it ends up spiking so they don't want to buy near the top. And they just never get it, and one day Bitcoin hits a million and its too late.

Just take it and buy a certain amount immediately after the blackened price fall. Otherwise you will never do it.

Who knows what could be in the future, since when Bitcoin was available for several hundred dollars and no one wanted to buy Bitcoin for $ 1000 in the future. But to date the situation has changed dramatically and even 3,900 for many the price as for happiness.

Yea it is actually the current scenario which is the cause of this mental barrier many are facing now because of bitcoin prices going very high recently. Actually even i thought buying bitcoin now would be very costly so why don't I  try earning them when I have free  time so even of there is a price drop I won't suffer that of a huge loss cause I didn't invest my own money that I just loss. So who aren't that rich to buy bitcoin currently at this price better try earning in by doing various jobs or stuffs you can say.

Its normal to feel that way and even when you don't buy, you blame yourself and start counting the amount you would have made if you had take such decision. I have been there and that's why I always advocate for the some basic rules in either buying and selling.

1. Buy when you can afford it, if the price falls further, it just strengthen your resolution to hold more in other to make profit and probably made more than what you would have initially made if you had waited.

2. And only sell when you are confident that you can withstand whatever will happen next and be convinced within yourself you took the right decision and if situation should repeat itself, you won't do otherwise.

Yes it happens everytime with every investment that someone is gonna do. If you find a fund in a bank, maybe you wouldnt trusted it since the beggining, but when you notice it is giving 10% a month, then you regret about it.
Same happens with all the cryptos, that is why some people are afraid of buying, me too.. that is why i only buy altcoins right now, i think they are the most safe investment right now.

Well, there's always time, season for everything and bitcoin business is also ike the real world business. However, if you follow the price chart movement of bitcoin closely, reading article and follow the latest news about crypto currency then you'll know if dump and pump will happen right before it happen mate.

Not only you, a lot of people get mental barriers which avoids them to do what they want to do which makes them regret later on in their life. Speaking of regret, the thing that comes in my mind is that media also fills people's mind with all possible bull shit available and try to stop people to do things they want to do or misguide them.

It is a very interesting question for anyone who's been here a while to ask themselves. If I was fresh to Bitcoin now what would I do?

I'm not completely sure how I'd approach it. These price levels are still extremely fresh. It always boggles my mind how quick people are to forget where it was sitting just a short time ago.

If I'd done my homework properly I would probably settle on buying a set amount per week or month, which is indeed what I should've done in the first place as I'd have plenty more BTC for the same outlay.

There's no doubt plenty of epic action to come in the future but perhaps it's going to enter a period of consolidation mixed with minor falls. Then again I think I predicted the price would be $260 by now a couple of years ago, partly for fun.


A $200 bitcoin feels like it has more potential than a $4000 but people could be wrong about that. At $200 it could easily have dwindled to nothing. At these levels something has clicked in more minds, though I don't know what it is.

Not only you is the one who are experiencing such problem because most people do really have this kind of doubts including me specially when we are planning to buy bitcoin. Our mind do really tell us that this might not be the time to buy which the price did go sore up high in the last minute which would end up for you to regret later on.If you are an active trader for sure you will always have this kind of feeling for sure.

Nothing serious in that, all investors who are adopting or investing Bitcoin in 2017 have same gut feelings. After all its your very own money you investing.
But based on my own experience, I could easily say Bitcoin has completely outshine traditional investing assets like bonds ,shares, stocks etc. My experiment with Bitcoin as investment has gone such successful that Bitcoins contribute ~70% of my portfolio today.
So believe me dude, its never too late!

I think it depends how you will use the time you got when you bought and sold bitcoin back. because time is the most vital thing in this case.

I think one thing that should be taken into account with what you just said is that bitcoin rose very high very quickly, and for a lot of people, that meant that their investment grew practically tenfold. I don't know if this trend will continue into the near future. I can't be sure if more countries will start banning btc following China's footsteps.

Todays twitter from Charlie Lee is a great example on how can this great technology be manipulated by people with dark intentions.
He just said something that has been confirmed in China and now the market is down and blood in on the streets. I bet hes making millions with this dirty trick..

sad!  >:(

The problem I have is that since I bought Bitcoins below $1000, everything above that price seems too expensive. I won't buy any Bitcoins at the current price which is about $4300.

I may never find a good buy price again but if it drops back down to $3000 I may buy more. Right now I'm focusing more on altcoins because they seem to be more economical and may have more potential for gains than Bitcoin. At least a few may outperform Bitcoin.

This is the way i feel to , paying 10x what i paid before just feels wrong.
If you find the right altcoin a lot of gains in btc can be made.

I´m trying to enter BTC from trading profits and online small jobs. So i don´t feel i´m BUYING:) it´s just mental  stuff. But you are right to be carefull. I can see BTC at 10K but if the regulatory shakedown is hard enough lots of the "new" money that came in can just go out and creat some a good deep.

Whatever it takes op can buy btc if permitted. Yes time is a vital role in investing your money into btc buy back when you have decision to take risks. As the bitcoin price is steadily increasing but others hoping to make it fall so anyone could buy at the deep.

 ;) By being a little positive also its gaining popularity day by day thus there is literally very less chance that its gonna be down in a while also with more numbers of people flocking in its trade its highly unlikely that something as unfortunate as making its overall value to zero will happen.

I think at Bitcoin $ 2,000, its price is too high, and you can not control your own decision. Besides, it is not easy when people sell Bitcoin but you buy it, the rumors are spread everywhere, Bitcoin will disappear. Even though I do not believe it, I still feel afraid and do not dare invest in Bitcoin anymore. Thereby, we should make a firmer investment decision. Success does not choose the weak

There is no doubt that bitcoins do increase in price tremendously after every pump and people are earning good capital with bitcoins. I strongly believe that at least for a decade, bitcoins will keep increasing in value and other developed countries are not going to follow China at all.

China already set a bad example to follow. Initially they all love bitcoin and crypto currency. But now they are totally cracking it. Japan is the best country in terms of bitcoin, they have legalized it already and almost all merchant in that country are going to accept bitcoin. For a decade, definitely bitcoin price could go tenfold. Although there are a lot of bumps that we have to overcome along the way. But bitcoin has already proven time and again that it can take this challenge and the price can go even further. Good example is what we are witnessing right now. It has recovered by all the bloodbath beginning of September and we are on the way to touch $4000-$5000 once again.

It happens a lot that when we wait too much for Bitcoin to go down, we end up loosing our opportunity. Some even sold their BTC at the wrong time. They end up selling at the bottom because they thought Bitcoin will go even lower. These mistakes are normal since the action were not based to anything but to their feelings.

I know that feeling and I think many of us know that too..HAHA. It was so frustrating sir. Many opportunities are being wasted because of wrong belief. What the best thing to do is to have a time limit before buying bitcoin, set a time when you finally decided to buy such Bitcoin.

Like you, I also wait for the price to fall before i buy. It takes a while, my desire to buy pushes me to do it, but no. The continuous increase may be threatening at times because of the fear that it may continue to increase without me buying anything. But with waiting, something just happens all the time and the price will suddenlyand then gradually fall. Then its buy time again and waiting game again for the price to increase more than its value before. Keep your perspective on the long-term and you'll not panic yourself from the tiny ups and downs of bitcoin prices.

I also have a feeling that the price may fall, but I think it's better to buy now, rather than wait for an even better moment. Waiting only leads to a loss of time and the price does not usually decrease :(

As humans we are limited by the knowledge of what the future holds. We are not all-knowing. So, we will always foot drag whenever it comes to buying at the best opportunity because we would think it could dip more. There were times I had missed trades because I had thought it would dip more. Sadly, it never did. This defines all of us. I am sure there are some here who are regretting missing buying the dip two days ago occasioned by the erratic comment from JP Morgan boss.

Actually this is showing relicenses of the bitcoin currency the demand of the bitcoin is show high as compare to the other currency. The matter of the bitcoin is that it was having some problems but the system of the bitcoin is trying to resolve the minor problems that bitcoin has. My mental barrio is trying to convince me to use bitcoin and to invest in the present sites of the bitcoin currency.

I agree every one of us has the same problem. We resist investing in BTC coz we wait to fall a bit.
I think this is the best time to buy as the market has come out from the last week panic, Investors seems to stable now. Buying between $3500-3700 can prove to a good deal.

You know its up to the person on how she or he thinks about the situation because sometimes we cant grab the good opportunity just because of something in our mind. With that situation all you need to do is to become optimistic because this will help you to become successful to something you do. So whatever happens ypu should stick to your decisions, dont mind the negative thoughts.

Lack of money also prevents people from buying bitcoin. Some people will hesitate and some will be agressive if they have the ability to buy bitcoin.

I have not faced such a weird situation yet because I believe that Bitcoin will give exponential growth in the long term. So these short term prices and volatility is absolutely nothing considering that long term gain. The case is same in trading too, you have to deal with your emotions in order to have a rational approach towards your investment and the market behavior.

I think we should believe in bitcoin it is only game of time when time is in favor of investor it gave huge profit and it can gave a stability to the investment . If we buy on right time we will gain more profit and it is just matter of time in short each and every point of profit depend on the right time.

That's normal i think and i'm sure a lot of us have had that experience before.sometimes ypu have to trustnyour gut feel so youbwon't have any regrets in the end. Though you can't tell that to safe traders.

It's impossible to know 100% when to sell or buy cryptocurrency. It all depends on your intuition. The blueprint is how to be always successful no. If you regularly are losing money then I recommend that you change the type of activity. Can be currency trading is not your specialty?

Same people who didn't buy when the price was below $3k before, won't still buy now and its so unfortunate that the same set of people will come and shout about how some forces are manipulating the market or how they are pumping high so they can make some money. But when the price reach low which create an opportunity for them to hop in, they will wait for it to go lower which most times always end up as a myth then they return empty handed.

What I see affecting a lot of people involved, is the fear of losing and the moment one can conquer that fear, that is the beginning of making it big.

In the case of bitcoin like I always maintained, you buy when you can only afford it, whether the price will go higher or lower, buy and take your mind off it. What is sure is that it will eventually paid off in the long run but what discourages people is how long is the wait period for that time to come.

Happenings that we recently had, like that one in China, affect users in negative way and create panic. Masna te very careful now and afraid to buy coins because they think the price might fall again. But everyone with some longer experience will remember that we had similar situations before and will not react so impulsive. The soulution is not to panic and to sell but to educate people more how Bitcoin is functioning and what is behind all this.

The mental barriers are genetic. People don't understand Bitcoin. And things that you don't understand could seriously harm you. Humanity is very young, so we're still hardwired to run for our lives when there's something suspicious. Takes time to change.

same feeling when you successfully calculate a downfall and you haven't ride with better not to think of that so deep but use it as inspiration because
every "what if" that  be experience along the road are the building block that we needed to face and to conquer.

I guess that the decision varies from the individual's perspective and mindset towards the goal that he/she is looking for. If bitcoin prices can supposedly be predicted at a very accurate number, then all people would be millionaires by now. All investments are performed with the potential risk of profit loss but it all boils down on the individual on how he/she can reduce the risk by applying several factors that can affect the success of his investment. To conclude, bitcoin has proved itself to be one of the most successful cryptocurrency out there and the number of investors are increasing per day (which is a positive note in terms of reducing the risks of losing your investment).

Not really. I'm competent buyer and I don't look for the reasons. If I see five to ten percent fall in the price then I will buy my coins. This is just simple maths, you know very well bitcoin will rise again for sure and it is buying since the birth of bitcoin. Just go and have a look around the historical data of bitcoin then you will realise what are you missing int he first place. You will see upward movement each time it takes the down leap. So why to worry about it even though it moves little bit. Just grab the coins man and be assured to hold it for even longer though it falls below your buy price. :-)

                           Precisely! One main thing you have to train is how to handle emotions and your mind, against worrying and overthinking. I had encountered this thing before, which prevents me from buying at dips, and still wait to dip further or think that its not good to buy because it was not yet done dropping, and then suddenly it rise back, and got left with regrets. Sad to say, but now I am practicing myself not to worry that much.

Well the solution for this problem is google so instead of keeping yourself away from bitcoin it is good to solve your matte and to search about it , discuss with the people who has used bitcoin and they will give you some useful suggestions so it is good to have bitcoin either you know very little about it. First get into it ten try to increase your knowledge in bitcoin.

You need to make your plan and decide your goals before buying Bitcoins. The bitcoin's price is volatile and no one could easily predict its coming price, it is going up or down fastly. So it is always better to decide which is your plan and your goals. Also you need to be patient, the price generally increase but sometimes it need just time.

It's every time a good idea just invest some money in different periods of time, no matter what.. but in general what works for me... I believe it's better to believe your 6th sense  :D

I think everyone have that problem. But some have to courage to take risks. Of course you will hesistate on that maybe because of past experience like you've stated. Human have emotions so don't get confused. Decisions for that kind of situation needs more attention since an important thing is on the line, money. Admit it, almost everyone of us is concerned about money, so it is normal to have doubts and hesitation because we are looking for something worthy and good.

I cant say there is such an exact timing to buy. I think when opportunity knocks you should always be prepared and grab it. It is given changes is always happening at all times. If your instinct told you to buy then follow it. Take risk eventually this business is all about it.

i have the same experience with you. usually when I've got strong feeling about the price, I place an order buy or sell and I am make sure that I don't missed the time to buy or sell. sometimes its work but sometimes I missed. I think I need more practice in trading so in future, I hope I am not missed or at least I only missed a little bit.

It is normal for all person but experienced on such level ignored this kind of mentality and bought bitcoinanytime they feel to.. For they just can't stop gamble around bitcoin and never really matter to them if there is a uncertainty in the surroundings that they even taking advantage to it.. I'm one as the same people as you but improving..

I just buy it without thinking anything.  Bitcoin market is still young, even if you bought it at 4k or 5k if you are here to hodl, you will earn a great profit from it.  There are lots of speculation that Bitcoin will reach $10k at the end of this year and $500k after 5 years, even if Bitcoin price goes 1/4 of $500k you still have a huge profit from it.

I would suggest for you to study how the market cycle works so that you will understand why the price is going up or down. If you are trading, it is important for you to study fundamental and technical analysis so that you will not just depend on your "strong feeling" of whether to buy or sell something. You should have a target price at least if you wanted to buy lower and have an alternative plan if the market didn't go where you wanted it to be like if it goes up then you should at least know, where the possible next resistance would be and if it goes down where is the possible support so that you will not keep guessing with your strong feeling. You may have some mistakes at times but at least you know and understand how it works and later on develop a strategy you are most comfortable with to be profitable.

If I myself have bought the coin always try to sell it even though the income is sometimes low then it is futile if too long hoard it but the exchange rate does not go up That's the cause of my decision to continue to insist on selling it.

Your approach is quite good but when you are caught with downtrend the moment you bought Bitcoin, then you have no other way but to wait.  And if you were caught by uptrend movement of coins when you sold your Bitcoin then there is no way that you can buy back.  Day trading is good but it really needs a lot of hardwork and monitoring.  It is best to just hodl your coins and wait till it multiply in value.

For every decision there is involvement of your mind and mental abilities. If your answer is yes, you will start buying bitcoin. But if your answer is NO then you will have a lot of excuses to stop buying bitcoin. The most important thing is to take risk for high returns. Business Principle “high risk High Return’’. Every decision comes from your mind.

With the bitcoins current behavior right now, buying as long as you have funds is the best choice to do so. Your emotions and feelings could really left you hanged out because of sudden rise and dips. Rely on current price, not on the recent price and future one's that actually no one can predict. Hence the decision always depends to you so take the risk. If you are caught buying in a falling trend, there is no other choice but to wait and bitcoin as always never fails to recover again and again. Buy, Relax, HODL  :D

Bitcoin cannot be truly stopped without a global catastrophe that wipes out pretty much all electricity on the planet.
There are many things which could cause the value of Bitcoin to decrease; but it is nearly impossible for Bitcoin to be completely stopped.
In my opinion the way to hurt Bitcoin the most would be to buy an enormous amount and artificially sustain the price at ridiculous levels; get mining difficulty insanely high; and then unload your coins. If the market crashes enough miners will be unprofitable and shut down; causing blocks to not be processed.
However it would be possible in such an emergency scenario to hard-fork Bitcoin to lower the difficulty. So an attack like this would cost billions and there is no guarantee Bitcoin wouldn't just route around it.

There is nothing to fear, as you said, relax... If you did a wrong move, buying for a price that is more expensive than BTC price at this moment just wait, sooner or later BTC will rise again and you will see it very expensive, so you will have the chance to sell your coins for a price more expensive than you bought. On short term everything can happen, but on long term we know Bitcoin will keep rising.

There is some risk, it's true, but things are under control and while it's under control, just relax...  :D

I think still people are a little causious about investment in bitcoin. although they are not going to sell their bitcoins that they are already have, i think it will still take a little more when the investors will get their confidence specially after banning bitcoin by the China, I think after 30 October investors will like to start investment in bitcoin and therefore, I think the present time is the best time for investment.

I think that you have a fear to invest your money to the cryptocurrency world. It seems that you don't want to lose your money in the cryptocurrency world. I prefer to you to have a faith and hope to the bitcoin and try to overcome your fear.

When you're still indoubt, do more research before entering until you made up your mind so that atleast your decided and you will not blame anyone at the end , anything that you're be doing will depends on your decision especially in where to put your money.

If a person should know about his future that if he will invest in bitcoin and will secure high there will be no such mental barrier. So one should keep an eye on market and observe it the mental barrier will be broken automatically when he sees the profit rate and will invest in it as fast as possible.

This is just a game of taking risk. If you want to earn something good, then you have to invest and buy Bitcoins sooner or later. You have to believe in yourself and you need to make wise decision. I think studying if charts can help you a lot in this manner and can solve your problem to a significant level.

This is usually the best thing to do. You cannot predict what happens with the price and you should know that at any stage you are, any price you buy is still a good buy.
You cannot always win all the time and there is nothing you can do to change the moment since it has already happened. Sure! You could have gotten more and even though it sucks, but you are still in.

Usually, what I normally do is not to always go all in , or always have a savings in fiat somewhere in case the price drops hugely so I can always utilize the opportunity when it comes.

I have faced this problem when i started doing trading in the early days, after then i realized that it was mistake to wait for the price downfall while buying bitcoins, because bitcoin is unpredictable and you never know when the price will boost very high. So better to invest as soon as possible instead of waiting for a downfall.

I am pretty sure half of the people on this forum thought about buying Bitcoin back in the day and did not, and regret it (including myself). lmao

All of us bitcoin users specially on trader and investors would really experience that kind of feeling which we would really still have doubts on buying bitcoin on a certain point because our mind do already projected the possible things that will happen later on.Mistakes and losing money cant really be avoided and thinking off this is the risk involve on engaging to bitcoin.If you do accept the risk then buying wont really be an issue after all.

There is a mental barrier on everything you do, and in every project you invest, so it is normal to have some bad feelings before investing in a project, or in something new. I had the same thoughs when i bought bitcoin for first time, and it was below $300 i think (if i am not wrong).. So the price was that low, and now it is upto 12x from that price, so i think that bitcoin will always be high because the demand is rising too.

regret is not a solution, if you will not buy bitcoin now then i'm pretty sure that you can post same words after 6 months. so be open minded and lets prepare your mind for some risk.

Because bitcoin has no stable price, we don't know what will be the price in the near future but I am pretty sure that price will go up and up. Buying bitcoins in a low cost is a good choice. You a choice anyway, choose for the good one and you will receive the gracefulness.

You would have thought that buying bitcoin is full of danger right? Well it is never late buying bitcoin. Mind barriers are nothing just a matter of metal stress. Take a break, think of positive things that can be happened. And always follow those positive things and you will overcome it.

Yes I've got that problem too when it comes to buying I'm being skeptic because I usually think that the price might be falling some more after buying. But I'm sticking with my plans that as long as it is on the dip I'll buy and no matter what happens I know that bitcoin will soon increase it. I'm dealing with it remembering my experience on bitcoin trading and that is giving me some chill and confidence.

I was really afraid to buy bitcoins when the price was for about 500 bucks each, but i boughted some at that price, but it was my fault because i sold them on March of this year, when the price was so volatile between $950 and $1200, it was my biggest fault in the market in more than two years.
So i think that this all is caused by emotions, if i did not felt some pain in that month, then i would probably have a little fortune right now.

Yeah, I had the same problem, that is caused by the bad experience, so we are afraid to take risk and hesitate to take action, but that will be gone if you keep on trading, learning about the chart and got more experience, you still able to lost money but you will know how to handle the situation better

There is never a good time to buy like you have said. What is important is to buy at the time that is right for you and look away knowing that no matter what that is just the perfect timing and nothing you could have done about it.

Lots of people end up experiencing this and the next time, they wait and relax to see if there is going to be a dip until they realize the bullish trend isn't stopping and then they find out they are still back to square one of the same emotional state.

I personally don't buy bitcoins, as i earn them mostly, but i know that a lot of people have that thought before buying bitcoin, specially when it is their first time. Though they should not think anything like this because in the long term, bitcoin would only generate profits for a person, but they do. It is just the feeling of fear of losing money, and it occurs with everyone, not just some people.

Yes, i think that is true. There are many things that would come into the minds of people who are thinking of buying bitcoin, because of this they think twice and eventually don't buy bitcoin.

Since bitcoin's value is high, those people who just have recently known bitcoin and wanted to invest would think twice whether to invest or not because of the fear of losing money. Bitcoin's price is so volatile that's why when it goes down, they are hoping that it will go down some more to buy more bitcoin and sometimes it works, sometimes the price would bounce and he would end up paying a higher price. The solution for this would be to study the charts and see the possible support and resistance so that you can buy when it is near the support or what we have known as buying the dip.

Well initially you'll be a bit skeptic but research will tell you that its a good decision to invest in btc. And looking back ay bitcoin's history would also clear those barriers especially if you're the business type of person.

Even if this scenario is to play out like you have mentioned which I am not depicting the fact that the result will end up as such but at this stage it will be hard for anyone to just buy an enormous amount right now and unload all of a sudden cause that itself will cause the individual a whole lot. However, like you said, there will always be a way out even if such scenario happens.

I think that there are many such people, but I decided to buy coins when I have money and with patience to wait for the price to rise in order to get a good profit.

The problem that I see in here is that people often think bad things when they have a shot at something cheap may it be stocks or cryptocurrency. They will think that it is still not the right time to buy or it will still continue to fall, and somewhere between along those lines. And as soon as the price goes up they will feel regret after and the worst part at this level people who did not bought when it was cheap are people who are buying now. To keep it short people are scared to lose their own money and they often do bad things when they missed their golden opportunity.

Exactly! Moreover, life is all about risk and we take huge risks every single day. Fear is what usually make people to take decisions until they either miss out or they end up panicking on a little trend. Bitcoin has been known to always bounce back and it does not matter at any stage, since what matters is that you are still an early adopter and you will definitely get back more as long as the support keeps going on. Don't regret your actions as long as you cannot change them.

Every individual has its own decision making.  When it comes to bitcoin, people would think of possible effect if they buy or not.  We are sometimes scared of it.  Theresa always a psychological effect to all of us

Nobody can tell when to enter a market.  I believe the right thing to do if you want to earn profit in the the future is to invest now--don't wait for it's price to go lower because it won't. Even right now many countries are missing in action,  what more if they were to join the cryptocurrency revolution?

That is what i always feel when i don't have bitcoin but i want to buy some. It stops me from buying a lot of bitcoins because it makes me think that bitcoin is not a stable currency and it will fall after a pump because that is the nature of being volatile and i deal with it by just thinking that if i want to be safe then i need to put it on long term just to make sure that i am not going to lose any of my fiat investment.

Indeed the psychology plays a great role in the investment whether it's simple or big or anything miscellaneous. But it always decides the faith if we are not strong enough to deal with it. I can surely say this because being in the crypto since long time i have myself made very little moves in the long term while investing into bitcoin because I always relied on the emotional decisions. Those are not good but sometimes rarely they are important too. So always make investment which you think is worth doing and profitable. Just making investment  against the mind is also not good because you will be always in ambiguity whether you made mistake or you made right decision.

These emotions do normally pop out everytime we do engage into a particular thing specially when we do know that it involves money.Our mind do really easily react on it and together with the emotion would affect our decisions because its normal that we do feel of fear on losing money which would really either have doubts on our actions specially on trading or investing into bitcoin itself but yet these kind of doubts or mental barrier would be possibly be controlled specially when we are already experienced on any situations we do face already.

Another reason people may panic is the fact that bitcoin isn't really integrated in our society. Not a lot of people have heard of bitcoin but those who have don't really see the potential nor the value and would probably advise against it (I'm talking out of experience). So when bitcoin drops one might start thinking everybody is right that bitcoin only has speculative value etc.

People obviously think how will they be able to earn on their investments. So that is obvious that before they put or invest in these currency, they will review or know it first. Make a research or ask about it, investors tend to make a good prediction because they are used to that kind of business unloke people who just hope for it to pump.

I think the barriers are

fear - the fear that their money will be lost when the prices are hitting low

expectation - people create a situation where they are proud that they are earning high on bitcoin but when its volatility is on its way and the prices are running low this could become a tragedy

Yes , that is common for every one when we are about to buy bitcoin. There's a lot of wary and questions rises in our mind. other worry are  bitcoin wallet security(Tendency to hack my bitcoin wallet address by someone)  and not legit bitcoin seller site.

Invest what you can afford to loose, it is easier said than done. there is a risk involve in any form of investment but that risk this is calculated and that's what we called "calculated risk". Fear, Uncertainty and Doubt or the "FUD" is what telling your mind to stop buying  BTC. Anytime is the right time to buy BTC as long as you can afford it a accept to take the risk. So act now if you want to stay ahead it is not too late to buy bitcoin and the best way to get ahead is to get started . If it is not today, when ?

This thing is usually common among people around here, and it is no surprise that some would also suffer from this kinds of problems. Sad to say that I am also one of these people also, but it was a long time ago, and after i did that mistake i didn't want it to happen again,and actually i kinda regret that i didn't care when it was around $1k at that time, and as i look back at those old days i felt down, but what else can i do? what's done is done, so better change the mindset than never.

You should have invested by the time it dumps. If you saw the price going down then that's the time. Also, you can't be waiting the price to go down much lower than it does since you should know that no matter you brought it cheap or expensive since in the long run it would be much more expensive like new highs and lows. The highs that we know today might be the new lows in the future.

Think positively and invest in bitcoin as much as you can because upcoming era will be of bitcoin and everyone will use bitcoin and at that time prices will be at top and there will be difficult to afford such prices, it will give you benefits in future and will allow you to secure god profit and also to raise living standards as well so without hesitation invest.

Risk and fear are the two main mental barriers. It's totally normal to have a certain amount of tension that the prices of bitcoin might plunge down a bit. But that shouldn't stop anyone from investing into bitcoin which can make you a prosperous person with it's benefits. I deal with it by not putting all my savings into bitcoin, and keeping faith in cryptocurrencies.

Theres been periods with a lot of FUD going on and the price has dropped drastically.
Honestly theres so much money invest in it and real collaborations between big companies and governments, the fear of that
price dropping back to nothing is gone.

Thats the one mental barriers spreading fud news others stops from buying. But when we look at the price of btc now its currently soaring high. Actually thats a normal situation and it depends on you if taking a risks. Anyway bitcoin is the best investment.

Yes, I agree with you the most reasons why other users of bitcoin tends to have doubt in buying because of the high risks to buy that is already expensive. Exactly, risks to invest and fear to lose the money, in this case all we have to do to have a firm decision and believe in bitcoin there is always a change to gain huge profit.

If you are investing something then those are not the traits that you should possess to make a good profit,rather you should be aware of the surroundings and the market and you must have the understanding how the market performs on a given situation,the price of bitcoin will scare new people from investing in it,but if you are careful and aware about the market situations then you can profit from it.

Just invest want you can afford you lose. I heard this multiple times already. You don't have to fear specially when bitcoin price is slumping for a bit. If you invested all your money, of course you always have that fear and nervousness. So just follow the advise if just investing what you can afford. Expectations- you need to have a entry and exit strategy. If you meet your goals then get out. And if the price is good for you to enter the market, then buy bitcoin. Rinse and repeat.

In fact there was a psychological impact on the mind of people after china banning ICOS and crypto currencies, and therefore they were not taking more interest in bitcoin. but now we can see that the investors start buying again so its means that their psychologicsl basrier is over now. We can expect a bullish trend for a long time. Even the hard fork will not effect the currency increasin really of bitcoin.

Risk Is in every investment but in bitcoin it doesn’t matter a lot bitcoin surely gives benefits to all costumer at the same time and pump is dump is the basics of bitcoin and these are the two major things that are playing role to generate profit in shorter time span, one should invest without fear in it so that he can also join the community of profiteers and rich people.

Yeah I had the same problem,when price was around 1000 dollars.
There were like to 'camps' of people,ones who advocated the opinion that it's the all time high and that the price will just be falling further on.
It was actually true until price started reaching all time high again this year,but I still thought it won't go over 2000$.
The other group of people were stating that was just the beginning,and the price could reach more than 10,000$.
Initially I was more sceptical,but now that I've seen price just tearing down 3k,4k and then 5k barriers,now I'm convinced there's nothing to stop bitcoin price from rising in future.

there is still such a situation When you stored Bitcoin to raise the price, and eventually had to sell at a low price because of the need for money. The fact is that I'm very upset by this situation, but in general there's nothing to be done. I think that in the future I will be more reserved and considerate.

In my opinion, it is not the mental barrier which is stopping the people to buy bitcoins. In fact it is the market price of bitcoin which is causing a lot of troubles for so many who actually want to buy bitcoins. Moreover, by looking at the positive side of the bitcoin I don’t think so there will be anything which can prevent those who can afford buying of bitcoin to buy bitcoins.

i think everyone has their way of deciding what is right or wrong .. what is good and bad .. the thing is many people around the world is so hard for them to change their mindset or open their mind to the change. bitcoin is the change and the new market to make plenty money. the barrier of people to buy bitcoin is accepting the change that bitcoin bring. and we know in our lives that change is inevitable so you need to adjust to the society. we need flexibility so that we can survive and become successful in our lives.

It's good to learn from the past experiences, this is how one should react to a past event. But let me tell you being reserved is not the key to success nor do it guarantees your success. Be vigilant and try to pick the right tools for yourself while making any decision regarding bitcoin. I  am hopeful that we will see the bitcoin price cruising  $10000 in the early 2018.

In fact, some people have a psychological barrier all their life prevents them from starting to engage in something serious, which will allow them to get a good profit.

i know that felling, but thanks to it i get more constructive, i mean i try to ignore what ever feelings i have because you cant be on the market based on your feelings. And however the transaction go, as long as the result is positive i am i a good mood.

The decrease in the price of bitcoin happens for the very short span of time. Most of times, we experience the increase in the price of bitcoin. Bitcoin is no doubt a very profitable thing but you need to handle the situation very much carefully. Do not go for selling your bitcoin especially at the time when the market price is falling down. Wait for the right time to sell.

they want to wait for the time when bitcoin will drop huge value.. so that they can buy plenty but they dont realize that bitcoin is keep increasing to the point that every month it increase by 1000$ value. and now as of the moment bitcoin is 6100$ .. i dont think bitcoin will drop down to 4000$ level. end of the year we will see bitcoin in the 9000$ level. so hodl your bitcoin and altcoins .. altcoins will increase 20 folds aswell :) soon plenty people realize that its too late to invest to bitcoin because its too damn expensive. they will regret not investing early in bitcoin. they closed there mindset because plenty people saying that bitcoin is a fraud. people saying that bitcoin is a fraud is dont know how to accept change.

That's why they are really afraid to get it, they keep on waiting and it the value didn't drop to their desire, they won't be buying it. Then its become more of a mental barrier for them now to get bitcoin and they haven't notice until some time that the price of bitcoin is going higher and higher to the point that they cannot afford it anymore, thus the fear is getting stronger.


Bitcoin is for long term hold IMHO, if you look it at short term not only you will not get a huge margin of profit but you will not have the guts to buy it whatever the price will be. Your mind has been somewhat imprinted that bitcoin will not get the profits you want short term and might as well go to other source like altcoins.

With something like bitcoins, which is extremely unpredictable, and extremely volatile, we often get scared to invest in. We are always skeptic about whether the price will fall as soon as i invest, or will i loose all my money and all those questions. In this case we should only invest the extra cash if we have any. We should never invest an amount which we cannot afford loosing. You may have saved some money, which is any ways staying ideal. Use those here to invest so that even if by chance u lose them it wont be big of a shock. Well, prices are mostly expected to rise so its generally a profitable deal.

I think mental barriers and negative thoughts about Bitcoins appear when people have read too many articles related to the predictions and negative thoughts about Bitcoin in the future. I respect your predictions but I do not encourage it to appear in the forum because it makes people nervous and market turbulent.

if you are currently still waiting for bitcoin prices to go down may take a very long time because never predicted before bitcoin able to show the best quality in Compare with other types of coins. I suggest that you already have a large capital buy directly bitcoin because you must be just waiting it takes about 1 to 2 weeks to re-sell at the highest price.

To me i think that at 6000$ we can expect a mental barrier.  Actually $6000 is a high level to achieve, therefore i think that the price of bitcoin will take some good time here at 6000$ level, and then will take a next jump. I think that at the end of 2017 we expect about the price of bitcoin to reach to 8000 very smoothly, I think some people are even holding bitcoin for that price.

I have the same problem, i always think that its too high to buy bitcoin right now. But the damn thing just keeps getting higher. I think last month when it got to 3k usd i still thought it was too high, but that was the perfect time to buy apparently.

Hello
You are not alone at all , there are many things that stop you from buying bitcoins and this indeed happens with all of us not just you , for example right now I think its a bad option to buy bitcoins because wm sure that the price will fall down after 25, before segwit2x , thus am waiting for the price to fall also my predictions can be wrong in a sense but still am mentally not just ready to use money as such.
Mental barriers are there and they play a role with everyone literally, its always a hard choice when you are using your money also you need to think about your profit and loss as well thus it for sure stops you 99% of the time from buying bitcoins.
I will for sure buy if the price falls below 2 lakh 50 thousand because! Now they will continue to rise :) and thats a really good thing.

Most of the people have such a feeling, but then the difference is that they tend to realize on how situations are going to be in the future and take a risk and buy some btc, not specific in amount. If these mental barriers in your mind keep on influencing your decision, then my friend, you're going to face worse and worse situations than this. Let your inner self make the decision along with some smartness involved.

Yes, that is correct. Because till now no single currency has achieved so high value status in recent history of economy. Certainly whenever there is all time high is achieved by bitcoin it is not clear whether that price is justified or not. Current prices  changes of bitcoin unregulated. Thus no one knows what could be correct price of market. Those who have deep pockets and willing to pump the market in order to gain more profit are doing is so far.  Every now and then we think price rise could be a bubble about to burst. This valid, because we all love the bitcoin and don't want to see bitcoin losing its significance.
It is difficult to find the reasoning in current 6k dollars price per bitcoin. As investor I find it much profitable and happy that profit has increased multiple times.

Nah, you're not the only one dealing with that problem. I thought Bitcoin will go down to around $1000 when it's $2000, but my prediction is wrong and I ended up buying Bitcoin at $3000  :(. I think Bitcoin is not your ordinary guessing currency, it's solid and it will grow in the long term.

Already 6k and feeling left, that it was necessary to take even more. Thoughts were that he artificially lowered to the normal level, and he rose to the level of insanity. Now I do not know where the limit is or when the growth will stop.

If you look at the market capitalisation and the newly generated interest from the "old economy" the future for BTC is bright. We all expected a sudden crash when bitcoin hit 100 USD for the first time. And 500. And 1000. And 2000... And 3000... And 4000...

There are actually many mental factors that prevent people from taking excessive risks, but it is partly natural because it is part of our survival instinct. And it is well known that an investment as volatile as bitcoin presents a greater risk potential, which inhibits the intentions of conservative investors.

I hope you got rid of your mental barrier because bitcoin broke not long ago the 6000 mark and I think we may reach 7000 or 8000 before the end of the year, I know that it does not fell right to pay thousands of dollars for something many people in the forum got for free, but they took a risk and it is paying off.

If you can able to handle the risk then we might somehow assure ourselves that it will really pays off later on when the price tends to rise up and yes sometimes we do really doubt on buying because we do know the nature of bitcoins price which is too volatile.We wont know if we buy now and sudden decrease its price then we do really lose money but yet coming into another side bitcoins price do always tends up to recover later on and even reaching out new heights.

This mental barriers really affects our buying strategies specially if we are putting a lot of money on it. It will varies to the average wage, for an ordinary workers which are limited in buying this will be really difficult unlike like others that have an extra money to buy bitcoin. I think it depends on the capacity not on mentality.

Yes I believe this is something that is huge that is stopping BTC from gaining global acceptance. There are too many people that dismiss it so easily without looking into the tech.

Capacity would really matter on these kind of situation because it would really give you the advantage on buying and you wont really worry too much if you do have lots of money but for those people who do have only sufficient amounts to be invested then moving prices will really make you hesitate when anytime you do made such decisions which is really common on this bitcoin trading or altcoin world.There are lots of things to be considered first and doubts in your minds that what if the price would drop in times we did buy? We would really be weary on that thing.

I love reading about the price of bitcoin in retrospect. Op's post is from 8th September - price ob BITC back then hit $4k.
Today we have price of almost $6k - and the future looks rather bright with no apparent danger present.
There is an easy way to fight this mental blockade - answer just this one question - do you think that BTC reached its maximum price?
Do you think that we will reach $6k and that will be it? The final and absolute top price?

Well you will just have to convince yourself that Bitcoin will rise in the long-term. Look at graphs of Bitcoin’s price rise. Observe even if you want for ours that long-term positive bullish trend that is a defining characteristic of Bitcoin. Imprint it in your mind and you will want Bitcoin immediately. Also another method would be to look at the major price falls and then compare it will the major price gains. The price gains are always higher. And see how Bitcoin rose to never before seen heights even after a major fall. This will hopefully stop you from doubting the potential of Bitcoin. I personally do not doubt the potential of Bitcoin and I hope you train yourself not to either.

yes you are right, yesterday bitcoin is still at $ 2000 but now bitcoin is at $ 6000, if you are afraid to buy if i suggest you buy half of your trading capital so if bitcoin price you still have capital for backup loss, bitcoin will always rise in price becomes very expensive. do not be afraid to buy bitcoin.

They dismiss it because they can right now people do not see the need to use something like bitcoin but in the future they are going to be able to see why we need bitcoin when the economic system we are in eventually collapses then and only then they are going to see the merits of bitcoin.

I Don't feel this is true for me . Bitcoin has never let me down . There is obviously some dilemma before buying or investing in bitcoin but the result always comes out to be positive and beneficial for me .  Bitcoin price is like 3 times compared to the 3 last months . I don't find a single reason how bitcoin has dissappointed anybody .
Moreover , buying should be done looking closely at the market . By properly analyzing the on going price of bitcoin and by looking out for upcoming forks.

I have once experienced it. Instead waiting declining to buy btc more, which happens btc triggered shot up. And few days ago, i am no longer wait to buy btc when i have unused fiat. And sure enough, I managed to achieve a good profit today.

That stroked me very often when I started, but as days passed, the barrier got gradually diminished. The same now still happens but when I think or plan to buy or sell Altcoins and even during ICOs still after doing a thorough research about the ICO.

Bitcoin has been great for those that believe in it and are willing to wait to get their profits but for the day trader that got out of bitcoin and now wants to enter he is going to discover his dollars buy a lot less bitcoin and the same is true for those that like to short bitcoin, those people have been absolutely destroyed in the past months.