Bitcoin Forum

Some people thought bitcoin is a ponzi scheme, some thought it is a scam, but bitcoin is neither a ponzi or a scam, hope some people will lot be foolish until they realize the benefits they can earn from bitcoin holding. This is how I see bitcoin, like natural occurrences, I understand it is not nature but it can be related to seasons, sun and rain. When some people want the sun to shine, some people will want the rain to fall. But regardless of wish, the rain can fall or the sun can shine at any time. But some people wait for the period of sun or rain, they make the right calculations and predictions and they are happy as it happens as they predict, but it can be the other way around sometimes, a time patience is necessary.

The price of bitcoin can not continue to increase, it is just like season, the sun and the rain. The bull season is gone for now, the bear season came and still around, the bull season is coming again. As some people are complaining that the price of bitcoin has fallen,  bitcoin is dead reached all time high on Google search. Actually, bitcoin price falled, as some people are complaining, some small investors are happy now that 1 bitcoin they were not able to hold when the price was so high, they can be able to hold it now. Just like on this forum, some people that join signature campaign are happy that they earn more bitcoin, including me, I am among them.

Small-time investors achieve the 1 BTC dream as Bitcoin holds $20k range (https://cointelegraph.com/news/small-time-investors-achieve-the-1-btc-dream-as-bitcoin-holds-20k-range)


As bitcoin can not continue to rise, it can not also continue to fall. As some people sell, some people are planning to buy. What will only happen during the bull time is the price of bitcoin to increase significantly again and reach all-time-high, the bull time may be long, but it is coming. But now and hold.

"Ceteris Paribus" as the case maybe we all know that bear market are as a result of market reactions. At this point, when the market is down, it is advisable to fill your bags or hold while there are some panic sellers out there wanting to sell so as to avoid loss in investment. As a smart investor, it is right time to buy so as to increase your portfolio and make more profits. Subsequently, Bitcoin has displayed it's current state but upon which, it soars high after than same scenario and reaches a new all time high to remedy it's current state.
And lastly I would say this, Bitcoin is not a scam neither is it a Ponzi but a store of value otherwise called digital gold.

1BTC seems more reachable for many at $20k as opposed to $50k+, where the price hovered for a couple of months during the bull run, so it is not a surprise that some would be excited about the current price range. This price would not only favour those aiming to be wholecoiners, even large investors would also use this opportunity to buy more at a cheaper rate.

The most criticized holders now, would be institutional investors' and nations (like El Salvador) who hold Bitcoin in their reserves.

It is healthy to have cycles. The only catch is that the 2nd bear cycle should not touch the lows of the 1st bear cycle and that's it! back in 2017-18, bitcoin has gone back to 3k regime after touching the heights of 22k. currently, bitcoin has reached to 20k after touching another ATH of 69k. So it's a healthy increase in price and such bear cycles are only allowing us to score up more and more bitcoin as per the depth of our pockets. It's an amazing opportunity.

If someone fails to understand such opportunity in the market, it's their mistake! Let's not get into discussing such naysayers. Rather focus on scoring up more bitcoins while it is hot!

These cycles are good,the believers in Bitcoin jump in and take profit by buying Bitcoin at a cheaper rate while the critics say for the 500 time that "Bitcoin is dead".Investors,the one who bought Bitcoin at such rate and become the owners of 1 Bitcoin has made a great move.

Personally I never took profit of such opportunity to buy Bitcoin as I have never bought it,but mined it since late 2016 and I am happy with my way of getting it.Unfortunately I have no real advantage if the price is 20K or near 70K as I keep getting the same amount of Bitcoin daily from my mining activities but one could say that by doing so I always "buy" Bitcoin at the cheapest rate no matter its price.

Usually people buy bitcoin when it is in trend and at higher prices. Now when the bitcoin prices are down, those people and also the long term investors wish the price to keep rising. Also, when the bitcoin price is on the rise, you will find people interested in it and everywhere they will be talks about crypto adoption.
Only the people who did not enter in the market yet, wants the bitcoin prices to dump so that they can buy low.

IMO the comparison of those who want low prices and those who want high prices with those who want rain and those who want sun is limited. While it's true that both categories exist and nothing can go on forever (although there are countries where there's little sunlight and those where there is little rain), the motivation can be very different. I believe that most of those who want the price to be low are those who want an opportunity to invest, and then they of course want the price to grow, so that they can profit from the investment. There can also be bitter anti-Bitcoin people who just want the price to drop and never go up because they don't believe in Bitcoin. As for rain and sun, I don't think the majority of those who want the rain actually want it so that then they can appreciate the sun more. I also don't think anyone wants the rain because of hating sun-lovers while not loving rain themselves.

Comparing bitcoin cycle to weather season is one way to interpret how Bitcoin's price and market are changing. We may all have experience the bullish and bearish on the crypto market multiple times for the past few years and we all have seen the pattern whereas we just need to wait for the bullish market to arrive again in the next few months. Some people may not like the current bearish market as they have lost funds and it's harder to invest but there are some who take it as an advantage to invest more. Just like how people hate the rain while some enjoy it.

Everyone wants to hold atleast 1BTC, and for that purpose certain group of people want it to be bearish. We have experienced the decline for the past few weeks, and when it reaches the low bottom the same looks like a big price for a common man who's yearly earning will be less than $10k. This is where the people want the bear to continue and the certain groups of people who have already bought want the bull market to start. This isn't season, but people it is all about the expectation of common investors of bitcoin.

Mixed reactions and expectations like this in the market right now should lead to the sideway, crab market, you know. I expect we should see this kind of indecision for quite a time, sideways for a while before the bear win.

Well it’s about preference and what every unique individuals what from their portfolio, I am not sure if a statistic like this can be carried out or has ever been carried out, but I strongly believe if it could happen then the results would be that the amount of people that want to see more crypto-currency fall would be large than those that does because of the opportunity it would open up.

Bulls and bears are crypto nature and traders nature is to expect bulls when they have bought coins at bearish and expect a bearish to buy more coins when there is a bull market and people gaining more and more. Its common and we should be really happy to see the thirst crypto and accumulating more coins when the market is bearish and selling off for profits when the market is bullish. This is the sign of how far crypto is surrounded.

Some people have been reminded of the reality that it is still possible for the market to come down and present new opportunities for people to join the market. There's a popular saying that "One man's food is another man's poison, One man's sadness, another man's joy, and in this case, one man's loss, another man's gain". Investment purpose was not the original intention satoshi had for bitcoins, so if you choose to see it as a means to invest, you have to prepared for whatever situation the market presents. Even now some people are still expecting the market to bear the more before it bulls, with the bear market, the total number of bitcoin holders will increase as many persons have already sold off some bitcoins to new users who intended taking advantage of the bear market, this is why some people want the bear market.

Do you know the irony of the matter. If I say it people may get mad at me. The fact is that I am praying that bitcoin should remain within 19k to 21k zone till October this year, so that I could buy. It is by that time that I will have the fund to buy bitcoin.
Op has just said it, as some wants bull, some wants bear, and I am among those that wants bear for now.

We are not just experiencing climate change in our reality but also in the crypto-verse, especially in trading...
When sometimes we need or expect the sun in the dry season but gives us rain and vice versa. There are times it's so hot but suddenly the rains pour heavily. Change is constant indeed.

But here with the price of Bitcoin, we can't see both happening at the same time. We are anticipating when will the sun stops and when will the rain start its turn. Having extra funds to buy more Bitcoin in this current season is an opportunity for those who already witnessed how growth can be achieved.

this reminds me of when bitcoin price hit ATH. and at that time I regretted not buying a lot of bitcoins at lower prices. and at that moment I still remember I was a little hopeful there would be an opportunity for me to buy from below. and now it's happening. hahahha so I took this bear market as an opportunity to make up for my previous regret that I didn't buy much. so now I'm so calm facing this bear market. because I see greater potential in the future. new ATH could happen in the next bullrun market. so I will enjoy this bitcoin winter with a cup of warm chocolate mixed with coconut milk and a little ginger  ;D and drink coffee on this sunny morning.  ;D

But that's how life always needs each other. Bitcoin buyers desperately need those who sell. and bitcoin sellers desperately need those who buy. although there will be so many fud scattered plus the economy has not recovered. I remain optimistic. because the cycle of life is after night there will surely come day. and after winter must be replaced by summer. The sky doesn't always rain. Even the sun will not always be covered by black clouds.

Surely, Bitcoin in particular and the crypto industry in general is into seasons...and when we say season it means that one season will not last as there will always be a new one coming soon. When there is the bull season, it will never last so we can expect the bears to be coming in when given the chance to do so. Long-time holders of any digital asset including BTC am sure got the full understanding of this seasonal changes affecting all of us here. People who are just new to the crypto industry should educate themselves and not just be pushed by hypes and half-truths of the whole matter so they can be better equipped to react well to developments in the market.

it is on how we treat crypto and how wanna deal with it ,

Some of us wanted an easy money(in which made them loser most of the time ) while others wanted this for long term and with that we are(like me) are buying or looking when the price is dumping , and also this is what we knew the advantage of the market than seeking for easy one.

Like they say, "one man’s hell is another’s paradise lost”. While companies like Coinbase Global Inc., Gemini Trust and BlockFi Inc. are in "hell" right now, I am here low key wishing and praying the price go further down so that I can have the opportunity to join the leagues of wholecoiners. Well, let's see how long this bearish market would last.

Yes the financial market is always like seasons it goes up its goes down its has changes and it has improvements. Stay strong stay put.

The past few days have been little recovery phase for bitcoin and prices have went up $20k also showing good signs but that's good approach to get more coins at cheap rates as you might not be able to see them again for long period.The profit margin eventually rises and you can have more btc with the same amount you are willing to invest.So hope now they go up rather then going down any further.

A lot of people still don't know the exact definition of Bitcoin from where the problem has begun. Even many investors don't understand Bitcoin and just invest for profits. A major part thinks it's an investment protocol where they could multiply their investment. They are the ones who cry during bear and always expect bull run which is quite impossible. There will be always bull/bear since Bitcoin highly volatile cryptocurrency. Those who are holding fiat and want to invest in dip will expect a bear market to take advantage. And we can't expect all the people's opinions about cryptocurrency will be the same.

One thing I like about the cyclic "boom and bust" nature of Bitcoin is that it's way easier for the market to enter a FOMO phase, when the price is low. Imagine if the current BTC price was 70K USD. Many traders and investors would be hesitant to invest and the selling pressure would be enormous. Luckily for us, the current price is 20K USD and we've seen Bitcoin getting out of the all time low and reaching a new ATH multiple times across the years. It seems way better to buy at 20K and expect a 70K ATH rather than buying at 60-70K and expecting a hypothetical 100K  USD or more.
This would make many traders and investors more confident into buying BTC, when the bull run occurs.

Interesting fact. I believe that many people have the goal of getting to accumulate a Bitcoin and leave it there untouched for a long time. Like those who invest in a retirement fund or buy gold to pass it on to their children and grandchildren.
As more Bitcoin is mined and more halvings happen, the purchasing power of Bitcoin will rise inexorably. Whoever is able to hold a Bitcoin will have a treasure.

Apart from that, there are people who may have a Bitcoin accumulated at different addresses for privacy. So there will be many more people than the ones mentioned in the news.

I see all the jumps up and down the price of bitcoin as a live-action of bitcoin to attract more and more interested people to its existence.

Bitcoin regularly creates situations so that those who could not buy can do it at a more attractive price.

As a result, the number of bitcoin holders can be replenished on a regular basis. Those who lose and are disappointed in bitcoin, it appears, should not have had it in the first place.

This is how the community grows stronger, precisely by those people who must believe in and understand the value of bitcoin.

Well, it's definitely understandable, A lot of people may think that the current state is a mess but considering the history of Bitcoin, big dumps like this are big opportunities for a lot of people to get a sizeable amount of Bitcoin. I myself would really want to buy more than what I have right now but the funds I can afford to lose only amount to this much.

It's kind of hilarious how we've seen the exact same cycle quite a few times already and yet people still keep on the FUD coming. That's just how it goes I guess, it's like the more people who enter into Bitcoin and accept crypto, more people also go against it and hate it.

who doesn't want to increase their bitcoin assets when they see the current state of the market. This is a good opportunity, but because the reserve fund has run out and there is no more left, then we just need to hold it until we reach the price target we want to achieve. Silklus bitcoin is indeed the same, when the market is in bearish mode as it is today, of course a bull market will come, just need to be patient and don't panic. Those who do FUD only want to buy bitcoin at the cheapest price. The more people like it, the more people hate it, because bitcoin is already known by everyone in the world, the pros and cons are common.

It's we human being that failed to realise some reality about life, one says nothing in live last forever, even our lives aren't parmanent, when bitcoin price goes volatile, there's always a created fUD about it and this makes some term it as the name it is not, to the best of my knowledge, bitcoin is the only opportunity that makes and balance equality among men all over the world which fiat cannot.

Not really. Yea for those who are trapped with a higher entry and seeing you wishing the price to go bit lower or at least stay in this level will let you be criticize by those guys since they wanted to get their capital but the market will decide for that. If its gonna pump then so be it. No matter what we wish or aim, we cant do such things to stop it though.

I don't believe that there are as many as 13 000+ users who became owners of 1 BTC in just 7 days, but that this may be a result of some owners just distributing their BTC to multiple addresses, which is nothing new that we haven't seen yet. I’m not saying that some of all of these cases aren’t unique, but analyzing a blockchain is mostly in the realm of conjecture and the same data can be interpreted in multiple ways.

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It’s no secret that most of those who invest in Bitcoin are interested in profit (mostly in the short term), but that’s always risky since they don’t know how to estimate when we’ve peaked and when they need to sell. Indecision combined with greed ends up costing them dearly - and instead they could profit by selling from $50k upwards instead of waiting for $100k.

Yeah, and I always take the term "users" with a large megacrab pincer of salt. I don't see speculators/traders having some wallet app on their phone to look at lovingly/despairingly before they go to bed as users.

Exchanges probably also do this to some degree, or I would in any case, spread out security and management risks over multiple hot wallets.

Also probably many drawn-out cases of one big liquidator "derisking" at around 20k, and then many smaller ones taking up enough to top up their balances to 1 BTC. I know the big one Bitcoin was also my target some years ago, did all I could just to see that in my wallet. Imagine it's still the dream for many others.

So many different possibilities, too simple to say 13,000 users simply thought the price was right.

Some people always say negative things about Bitcoin even after seeing how profitable it is and how investors benefited from it during the ATH. They still doubt it and think of it as scam without even realizing that there's no proof that it's really a scam but the value and advantage of using it are too visible. I guess those people are just in the stage of self-denial but then, later on, they will regret the times when they are throwing negative accusations at Bitcoin instead of investing in it.

The price of bitcoin will continue to fluctuate, so we have to be careful in buying and selling because otherwise, we could miss out on the best moments to buy and sell. If now is the time when the bear market is holding on to the market, then this is a good opportunity to buy bitcoin and hold it until the bull market comes along and sells bitcoin at the highest price. But if the bear market continues to last until next year, then we have to be more patient and we can get the best time to buy bitcoin at a low price.

Fluctuations is staple in bitcoins as this is its nature. To be able to solve the issue of not missing the best moments, we should not do an all in, whether we buy or sell because it allows us to have something and we can use that in case there are a better opportunity that will come.

If the bear market continues to last until next year then I think this is going to be a new record for the longest running bear in the history of cryptocurrencies. It is a long wait and will be a real struggle for those who are a long term hodler but anyway the only thing that most crypto people want now is the bull not the bear because we have been over fed with it already.

It is better to ignore them, those people always likes to concentrate on the short term fluctuations in the price of bitcoin and take advantage of it when the price is going down.

However anyone that is willing to take a look at the charts can see that over the last decade the average price of bitcoin is always growing, there are some ups and downs along the way but that is true for any asset in existence, so we need to ignore those malicious voices as they do not really have our best interests in mind and they just want to increase the number of people that have lost their money to make their argument even more convincing.

Bitcoin is not just about the bullish market but also about the bearish market, these two market value are both important just like the way raining and the sunny season are important.  The market can't be bullish forever , their is need for the bearish market for investors to have the opportunity to buy bitcoin. It is only greedy invesrors that will expect the market to be always bullish , that is why they always feel panic when they experience bearish market. Without a bearish market their wont be better opportunities for investors to make new set of profits.