Bitcoin Forum

People Don't Remember that Before 2011 where BTC was and now where BTC has Come to $1 to $28k

Panic People Don't Understand That 1 BTC Equal to 1 BTC if you sell it will Not Grow Your Wallet But if you HODL, BTC then it will take you to The Moon Soon!

It's funny and sad to see all people panicking. They Don't know they're losing. They're buying inflationary fiat thinking for safety. Do they even know that they losing Golden Time to Buy More?

it Just Giving you a chance to Buy BTC Before it Goes to The Moon!

If you can see this in the long run you will be a winner. Of course

Just Don't Be haters.

1 BTC equals 1 BTC, but the worth of bitcoin is estimated in fiat in real life.

People buy fiat for bear market to be over, many people will still buy bitcoin and another bull run will begin. Although, I do not think bitcoin would go below $20000.

That is correct, bitcoin certainly will rise again and reach all-time-high.

Probably they are selling to buy back cheaper, nobody knows how deep the price will go, holding it while you can take the chance of increasing your position sound appealing to some people, and they are willing to take the risk.
Fiat may be inflationary but it is very required to buy btc or buy your daily stuff.
There are people who have invested all they have so they will have to protect their investment somehow. People have different reasons for selling during bear market but in the end btc will still come out strong. Anyone who wants to sell it is their choice to make.

Many, especially the newer, investors are traders rather than ideologically driven long-term hodlers. They sell much faster, but are also ready to get back in at some point, so they see it more as a temporary exit until the panic is over. If you then hold fiat for only two to three months before moving back into bitcoin, then inflation is irrelevant, especially if bitcoin continues to fall. Currently, Bitcoin is losing a lot of value against fiat and is therefore affected by a lot of inflation, more than fiat. I say this as a long-term hodler.

All very rough numbers but:

BTC Price high 2017 $19000
BTC Price low 2018 $ $3500
BTC Price high 2019 $ $1100
BTC price low 2020 $ $5500

I am still buying and not loosing any sleep over it.
But I don't spent / invest what I can't afford to loose so there is that.
I think a lot of what is going on now is panic selling for those who though BTC was magical internet money.

-Dave

I guess the majority that is panic selling are those that have got in on 2020-2021. They've seen how good the market was and thought that it will never fall.

Just like us, the first batch under 2015 and the next of it is from 2018. We've all learned that it's totally fine and it will recover maybe a year or two and go back to its former ATH and even higher.

If I should provide more accurate estimate as I searched for it just right now

BTC Price high 2017 $19700
BTC Price low 2018 $ $4040
BTC Price high 2019 $ $13970
BTC price low 2020 $ $3800


Just like history, this year was predicted already to be like this as we know that 2024/2025 would be another bull years. This is just an opportunity to buy and a means for some people with some amount of money to invest to get richer if they invest.

Not everyone who is selling now is panicking, and it's not like selling means selling forever and never owning Bitcoin. Investors might be trying to time the market and buy back lower to ahve more coins. This is risky, because timing such volatile market takes some luck, but it's a risk that can pay off quite well.

I doubt that those that are selling right now are doing so because they plan to enter the market once the price drops even more, if that was the case they had many opportunities to get out of the market before the price went so low, so the ones that are selling now are probably doing so out of panic, and if that is the case then most likely they will choose a bad moment to get back into the market too, and that is the best case scenario as I think many of those which are selling now may never come back.

Panic or fear must be stronger than greed. That is true especially to somebody who has already bought Bitcoin and in a more expensive price. But this is mostly applicable to newbies and emotional Bitcoin owners who don't really appreciate the technology of Bitcoin and its potentials. Most of them are carried away by the price. But they will eventually learn, most often by experience, that price drops of Bitcoin are nothing but hiccups in its overall price growth.

Of course whoever has the long-sightedness will take advantage of the strong fall of the bitcoin and cryptocurrency market now and buy more bitcoin, these stupid people who are panic selling now, they are wasting real gold (BTC) for fake gold (inflationary cash) this is complete stupidity, they don't know What they do because they do not know the true value of Bitcoin, in the near future they will find out how wrong they are but it is too late. The time is now the time to buy and hold.

They probably panicking because of other people also, it's like a domino effect especially if you are active on social media and they tend to be lured by them, but anyway, it's probably normal, we can't force them to believe.
I really like the OP, it's the feeling of how you are dedicated to Bitcoin and I really believe it also, especially now the inflation is really high in most of the countries in the world, that's why Bitcoin is one of the safest assets for me to avoid it.

you are ruining it for us ;)
we love it whenever the newbies with weak hands sell their share of this limited pie so that we can have more of it. you can never have more than 21 million bitcoins after all. let them sell for example 1 bitcoin at $30k and we will sell 0.01 of it back to them at $300k. lol

I do not think that these are just newbies that are selling, weak hands from every level are selling their coins these days. I have seen people get out 85k dollars out personally, of course there are many that take out millions of dollars as well but I have seen someone take out 85k from bitcoin and he made a ton of loss, he got in at around 44k dollars so that was a big fall for them.

This doesn't mean that newbies don't, they do get out as well but this is just beyond that now, this is reaching to a level where we are seeing people who have been in crypto for many years get out as well because they have never seen one coin screwing the market this much.

People panic because they see the value of their money in bitcoin decrease drastically and that's one of the reasons they panic. Actually people have learned not to panic but people's instincts and emotions will getting bigger when they see the price drop drastically. It causes them to sell their bitcoins and hope that they can save their money's worth or want to buy in a lower price range. Many of those who use money are not yet completely free of all needs because they use the money to trade and to make a profit. So it's natural to see them panicking at this point because they don't want to lose the smaller value of their money.

I think I would say that is normal, bitcoin investment involves a lot of emotion. So if you see that your portfolio is going down, you might think of selling it to stop the bleeding.

Others might have experience it the hard way, specially if you have seen the bull and bear cycle in 2017-2021.For sure you know that it will take mental discipline to buy and hold for a long time before you sell it to make a good profit.

many people still can't separate their minds and still believe that the benchmark value of BTC is fiat.

Bitcoin to $20k is impossible, nowadays many investors are buying bitcoin because this moment is a good price to buy BTC.

i also believe Bitcoin will definitely make a new ATH ^{(maybe this year or next year but that's for sure)}

Weeeelll, yes, but also, you're still in need of this inflationary fiat if you want to buy BTC, so it could also be people (smart can we call some?) are selling now, expecting even deeper slumps, so they get more bang for buck.

I'm not a literal buyer, as often say, but I get my coins from work, and then I sell almost as soon as I get them, I imagine in 2022 more and more people are like me: earning and selling to pay bills.

Probably not good to pile on selling pressure but no other option, and perhaps better (healthier) in the long run to keep the economy running. That adds value in the long run, no?

Human nature is incredibly predictable and repetitious in that way.    Its why I wonder if we can go back to the 2019 peak perhaps as an overshoot of the 200 week average.   In theory it shouldn't happen and its kinda silly but also people act like they must obey the market price and direction as if its flawless and perfectly correct.
   If we can make incorrect price action on the way up, bubbly or however you label BTC at times; shouldnt people also consider we do exactly the same on the way down and price sales become erratic and overdone.

Just that shows that bitcoin is really cyclical, those who enter at a high price are somewhat nervous and maybe majority of them decided to sell right now. Just like what happened in 2018 crypto winter as well.

Nevertheless, it will be a good lessons for them and will become 'hardened' in the next cycle. As for the inflationary fiat, yeah, but we still need them so it make sense for some to really sold off right now, hold that fiat and buy bitcoin again at a cheap price.

If you insist that 1 btc is 1 btc then there will be no change at all even if the price of btc rose? Because you are saying to not focus on the price but focus only to the btc that you have. Not all people will know what happened in 2011 because not all that you see here are pioneers but many have joined late.

We have internet and searching is free. They can always search the history of btc to know what happened in its past but I think some are just lazy to do it. They only believe on what they currently see but don't worry because not all are panic selling but most of us here are still in control of the situation. We know that the market is only testing us.

There is such a thing as complacency, I dont count this as a full test just yet.   Many expected BTC to fall back to 20k previously and so it too might happen now.   If we spent the rest of this year just gradually declining and wearing peoples resolve down month by month that would match my prior experience of how hard BTC can be on anyone previously bullish.  That might happen, I cant really exclude its possibility when we have wars and trade wars and other break downs to deal with, pandemic virus destroying commerce and overall indebted countries all sorts of negatives.  BTC is really a long term trend, it varies alot and we can fall further imo but its not negative always, I wait for us to break upwards also :)

I don't know if they already knew this but once you sell your Bitcoin during the dip someone is happy buying your coins and it's your loss already. People who sold at this time might not know that perhaps they just think they could save their Bitcoin by converting it to fiat hoping to buy when BTC is in decline. But id their plan is to just sell it so they won't suffer more from losses then they aren't here for investment they're just here for a quick profit and that's not how Bitcoin works if you want a good profit you might have to invest more time, patience and money.

The value you'll get by selling bitcoin today won't as worth as when you do it in the future especially where the inflation getting crazy day by day and nobbody knows that the crisis might happened later on and bitcoin become a safe haven , that time you will realize indeed that you have made a huge mistake , just like those pioneers who own thousands bitcoin 10 years ago but decided to not believe in bitcoin vision.

don't be like them , learn your lesson from this.

Many people bought Bitcoin at the peak because they were worried about inflation. So instead of losing 8% of their buying power they lost more than 50%.

These are the people that mostly sold during the big dump. I remember November 2021 very well. Celebrities were shilling Bitcoin. Everywhere you went in public people on their iPhones were on Binance trading shitcoins.

It’s not a surprise that we had a nasty crash. Way too many people were expecting something crazy like $250K or $1M Bitcoin.

The sellers you call paperhands today might be the smartest investors overtime. Afterall, the crypto space is a crazy world on its own, no one knows for sure what's going to happen we all can only predict. Selling now to buy at a much cheaper rate will be considered smart by everyone here if the price of BTC continue to drop. And of course, selling now doesn't equate to selling forever.

It is easy to understand if you truly knew the market and knew what are you entering and what are you doing.
because even how good we explain to them but their mindset is Bitcoin is for a Easy money then our words will be nonsense .
those people that hates dumping are the people that wanted an easy return because if they fully understand this market then they will take this chance to buy more instead of panicking and being worried .

it is our choice , to buy  or sell whenever we wanted so let Him decide and let him experience the market to learn from his decisions .

Seeing the market that continues to red until now certainly makes us panic, but I suggest not to panic because I'm sure that the market will return to rising, especially if we buy at an expensive price then hold or use staking is a good option, if the market has improved and Can profit then if you want to sell this, of course better, panic will only make us regret