The crypto market made massive progress in 2021, but we can see significant swings that have scared many crypto investors in 2022. The price of Bitcoin has dropped below $31,000, and many investors panicked. But don’t run from crypto before you read the article.
Bitcoin’s price dropped
The bitcoin's price decreased below $26,000 for the first time in 16 months, amid a sell-off in cryptocurrencies that erased more than $200 billion from the entire market in a single day. Ethereum, the most well-known altcoin, tanked to as low as $1,704. It’s the first time the token has fallen beneath the $2,000 mark since June 2021.
TerraUSD (UST) is intended to be pegged to the $1 but it sank as low as 12 cents and collapsed in a run as investors panicked and sold off their tokens. The Terra blockchain has since officially halted.
Some crypto investors are fleeing from cryptocurrencies. Many crypto investors think about what they should do to save their money. Potential crypto investors are as scared as experts.
What’s behind the latest bitcoin drop? Are crypto market collapsed?
Don’t panic
First, Bitcoin saw its dropping below $31,000 for the first time since July 2021. Such bitcoin’s price was just over a year ago and it means that you don’t need to pay 10,000 bitcoins for pizza. Bitcoin is still a valuable digital asset.
Second, cryptocurrencies have plunged in tandem with Wall Street, and are almost on par with the tech-centric Nasdaq, as investors fret about the Federal Reserve’s next moves to tame inflation. When the Federal Reserve raises interest rates to combat levels of inflation unseen in the U.S. for forty years, it has the effect of lessening demands for more growth companies, like tech stocks and speculative risk assets like Bitcoin. Cryptocurrencies are a part of the economy.
Third, the volatility of cryptocurrencies makes them attractive for investment and risky at the same time. If you seek shelter, you should invest in low-risk assets such as US Treasury bonds but the profitability of assets is also low. By investing in Bitcoin, many investors expect that the speculative craze hasn't diminished, and they will be able to sell it again for much more than they paid. But recent history should be that such plans, while tempting, are never easy to achieve. . The thrill of speculatively investing is not the best strategy because bitcoin is a long-term asset.
Looking back at every past bitcoin downturn, there is absolutely no need to panic in such a situation.
Should you own bitcoin? Should you invest in bitcoin now?
It doesn't really matter who you are, a first-time crypto investor or an experienced crypto trader. The most important thing is to be prepared for the bear market. You should hold or even increase your position if you're set up because bitcoin is a long-term asset. The price drop is a good time to buy bitcoins and use a buy-and-hold strategy. Volatility is as old as the hills, and it's not going anywhere. Keep your cryptocurrency investments under 5% of your portfolio. If you've done that, don't stress about the swings because they will keep happening. If you want to invest in altcoins, you should create a balanced portfolio.
Anyway, bitcoin down is an opportunity for growth, and you can take this opportunity.
Every bear market brings not just only an opportunity, but a new challenge because you are investing in those coins which you are not sure if they are going to survive from the bearish market or just stay being low priced and undervalued. But in order to lessen the risk of losing, focus on bitcoin. Even if its price drops more, and you were not able to buy it from its cheapest price, that is still fine. After all, bitcoin will surely survive from a bear market and will always reach its new ATH when the market turns to bullish. |
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Is buying bitcoin right now the same with buying later? I stopped buying because it looks like Bitcoin dips isn't over, imagine buying at 19k per Bitcoin, I think the whole idea of investment is when you are buying not running after the best coins in the market, buying them cheap is better or I don't get it?.
No one can be certain about what will be the next price of bitcoin, enough reason why we should always make the most of it while its current price gives us more opportunity to invest. Before you miss another chance that i know will make you regret later on. Well, if bitcoin will stop at $19k, that would be a very great price as i supposed to buy a lot of bitcoin. If not, then maybe let's settle for the current price then buy and hodl. |
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This is an unworthy and unjustifiable risk. One thing with uncontrolled gambling quest is that it won't stop giving hopes of recovering losses until the last dime is lost. This is not just about gambling an amount you can afford to lose but more on self control to know when to stop. The debt has to paid which ever way. This just proves that whether you're a newbie or a legendary in the crypto forum, gambling addiction has still its own way to fall for it and there's nothing we can do but to accept the losses and move on. But more on addiction, gamblers too should also be responsible enough not to gamble those money intended to pay the bills or existing loans. If they can't even control themselves when they are already in gambling, then they must know how to avoid it or minimize it as it will only create worst scenarios after they have lose their last penny. |
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^ I don’t think we’re going to see a miracle. Luka should be proud he was able to get Dallas this far, but this Warriors teams is arguably one of the best teams ever (or was in their dynasty days). I’m looking forward to seeing the Warriors in the Finals again. Now we just have to wait and see who their opponent is.
If we are aiming for a miracle, then it must be Mavs wins over the Warriors but that never happen. Luka has never been enough to win a battle over the core three of Warriors. But still, kudos to Luka for giving his best efforts to take Mavs this far, and if he can improve his performance together with his team, Mavs will certainly something to be watch out for in the next season. But maybe this time, its just that Warriors are unbeatable and if they'll become consistent till their last game, then its definitely Warriors who will excel this season. |
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The second game of the Warriors - Mavericks series was last night and I was confident about Warriors to win this game also. And they didn't make me surprised by doing so. But this time there were a much better Mavericks playing against them. Doncic and Brunson had an insane performance each. Doncic had 42 points and Brunson had 31. Only two them scored many more than the half of their total points. For Warriors, Curry had a good performance by 32 points and the reason why they still won was that they got point contribution from more players compared to their opponent.
Yeah right. I guess its one of the advantages that the Warriors have because all the players have good contribution to win as a team, and that thing is lacking on the side of Mavs as Doncic has made all the effort with the help of Brunson but the rest of their teammates have shown not so good performance that made their team beaten by Warriors. But i must say, Mavericks has become braver and stronger than before, that i even come to think that they can beat Warriors if they have gone lucky enough. |
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I had no idea that online cockfighting was a thing, but it makes sense. I'm sure as technologies like cryptocurrency become more widespread and more people become comfortable setting up platforms on the onion routing network, things like this will become more common. It seems like only a matter of time before some sort of darknet gameshow like something out of a horror film becomes a reality. I'm sure such a thing probably already exists, but certainly isn't mainstream...yet.
Online cockfighting in the Philippines has become the trend since the pandemic has started and so its easier for the people to gamble even at the expense of their homes, but i don't know yet in other countries if cockfighting are also operated online. However, despite of the current ban, cockfighting is still visible in the Philippines in different coliseums, as it can be hardly ban totally as it has been here already in the ancient stage. So its either people will love it or avoid it, but it won't be easily ban. |
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Well, gambling has been a part of many studies for decades due to its effects not only on individuals afflicted with addiction but also on the society wherein the addicts belong to. If my field is in psychology and I'm looking to stress how emotions override rational thinking, gambling is the perfect example for that. That urge to win the jackpot albeit not having enough money to go by for the next day is what most gamblers often experience, and studying it is often easy because it gives the researchers a huge sample to work with.
Gambling could be a very good topic for doing a research paper since the word alone has already a lot of concrete examples, and so you won't be completing the thesis the hard way. And the good thing about is, everyone can relate since gambling has been here even in the ancient period, no wonder why gamblers have been spread now all over the world. However, the only consequence that the researchers may focus is that when gamblers fall into addiction, then everything in it will fall apart. That's how gambling seems to be very powerful, it can create an instant billionaire and become the richest of all the riches, and it can drag a person down living into poverty and misery for the rest of his life. |
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I've never had trouble sleeping at the thought of gambling because I know gambling is entertainment, and I don't treat it as something of value. If I lose, I will go and stop gambling and rest for a while. I also do it if I win because it is important to reduce the fun or tension after gambling.
You must learn not to think about gambling, regardless of the outcome, to rest comfortably and sleep well. Otherwise, you can experience insomnia, interfering with your health.
That's also how i felt towards gambling. I only gamble more on fun and that i never use my hard earned money just for that, so even if i lose much, that won't affect my health and sleeping routine. Maybe OP you are betting a huge amount every time you gamble, and so you always have regrets whether you lose or win because simply you're into gambling for money and not just for entertainment alone. |
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Today I had a meeting with a friend of mine who teaches economics at university.
He believes when the inflation rate rises that's profitable to take a loan even with high interest to buy other assets such as gold, bitcoin, and even real estate. On one side of this theory, we usually suggest people never invest money that they can't afford to lose and don't invest the money that does not belong to them for many reasons. These are golden tips and useful in any market.
But the question is what if you do not own enough money for investing? can you take a loan and invest?
Because if you look deeply into charts of inflation rates in most the countries you can easily understand taking loans even with high interests could be useful and profitable.
Personally, I don't suggest doing this because using other people's money will put me under stress and this can have negative effects on my decisions. What do you think?
Honestly, i won't suggest to a newbie or any person who plans to take loans just for an investment. Whether its crypto or not, taking loans will never guarantee profits. It may fall in the opposite direction in most cases and see you broke in the end. Although crypto can beat hyper inflation, but investing in it from a wrong option will never end into success and profits, but more on seeing you doomed and losing your funds. |
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Honestly, I am very obsessed with this question. We don't know who is behind the bitcoin, at the moment Satoshi Nakamoto is just a made-up thing in our head. At the moment we think that he is a savior and helps us to gain financial freedom and protect our privacy but let's imagine some bad case scenarios for interesting discussion. At the moment, Satoshi has around 1 million bitcoin.What if it was created by one of the worst person ever? What if he wants to make us dependent on bitcoin as much as possible and one day he comes, sells all his coins and causes financial catastrophe. What if it was created by persons like Mark Zuckerberg, Bill Gates, Jeff Bezos, etc. These are the people who don't respect their customers' privacy. What if there is one specific, concrete country behind the scenes? Bitcoin is a mixture of the cyber and financial worlds, this is the greatest power stack to own. The inspiration for me to create this thread was this video. P.S. I don't agree with Dan Pena, I would even say that if he knew who was behind the bitcoin, as he says, he couldn't sleep at night or could sleep forever. I would still want to use bitcoin regardless of who the founder is. As long as its legal and does not lead us into being in prison, then there's no reason why people should not be using it. However, if we know in the first place that the one who founded it is a criminal, i prefer to analyze its first its advantages and disadvantages before i decide to use it. Because sometimes, the persons whom we thought that could be a threat to the government are somehow could create the best invention that the people will make the most benefit in the future. |
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No mantra but just what to stay positive if I'm going to gamble. However, most of the time I tend to lose if I play games like slots and roulette so I will suggest to stay away with them as the odds are stack against you.
I know though that there are a lot of superstitious gamblers and maybe have this kind of mantra for goodluck but I don't blame them.
Yes, same with mine mate. I don't have any mantra every time i gamble but i always see to it that once i start to gamble, i'm not bothered and i don't have to entertain negative things as it could only lost my luck and that i could not focus anymore to the game. So while i am in the middle of gambling, i always think of winnings rather than losses but of course, whatever the result i am very much open about it. The perks when you only gamble on your extra money so you won't have to deal with much losses after that. |
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Gambling have brought me big wins as well as drastic losses. If my entire statistics is calculated this used to be in loss. I've tried different plans to keep me away from Gambling, however I wasn't able to do it. In the beginning I never mind when I experience loss, because I was single and now I have a family. I used to gamble without fear. In recent days whenever I get into gambling I used to experience some changes in my body. Particularly stomach pain and I myself found the difference while gambling and not gambling. When I wasn't gambling I never have such issues and I myself checked Google and diagnosed the below. Does anyone have similar experience. Atleast for my health I need to give up gambling. Irritable bowel syndromeAlso called: IBS, spastic colon People may experience:Pain areas: in the abdomen Pain types: can be recurrent in the abdomen Gastrointestinal: change in bowel habits, constipation, diarrhoea, inability to empty bowels, indigestion, nausea, passing excessive amounts of gas, or urgent need to defecate Abdominal: cramping or discomfort Also common: anxiety, depression, discomfort, loss of appetite, or symptoms alleviated by defecation Google I guess it's time for you to give up gambling since these signs could lead into serious illness once you continue gambling after all these unlikely body changes. You must be dealing with some stress and depression OP that you tend to mismanage your lifestyle and end up like this. Luckily for me, i didn't have to experience any of these, except for a headache that occurs once i lose a huge amount. But i guess that happens for all gamblers out there. Still, i always make sure that i do not gamble too much as it could bring negative effects on my life once things will be ignored. |
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The gambler are to blame.... He had the option to go out to get a second job, that would have kept him busy...not having the extra time to gamble... but he decided to rather scam money out of his family and friends and now he wants to shift the blame to the people who offered him the opportunity to gamble. This is typical of the new thinking of people... "Always a victim" .... never taking the responsibility for their actions. We have the freedom to make choices...and he took the wrong option.  The gambler is actually the one to be blame. I think he knows in the first place what will happen to him once he falls into addiction, but still he chose to take the wrong option. So he's the one responsible for his own actions and will suffer the consequences on it. Casinos are most likely selfish on their part as they keep on initiating moves to attract players but its how they played the game, they will always create initiatives to fuel the gamblers and let them play on their casinos. |
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 [/url] Argentina is about to launch bitcoin education in their curriculum, this is going to take place in 40 High schools with about 4,000 students. This is an Interesting news many bitcoiners have been waiting for, I think this won't just end in Argentina, other countries will take this same good within a short time. Argentina is the second highest bitcoin adopter in Latin America, I the reason for the innovation is to make students know the importance of bitcoin. The economy of Argentina is suffering in the hands of hyperinflation. https://bitcoinmagazine.com/business/bitcoin-education-launches-in-argentina-for-high-schools This is another achievement for bitcoin and cryptocurrency. Good thing that in early age high school students will now be aware about bitcoin and how it works as an investment and as a currency. Who knows in the future they might be those people who will succeed from bitcoin and who will prove that bitcoin is worth to be a global currency in the future. |
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The most important thing for your journey in cryptocurrency market is - Never spend more money than what you can't afford to lose.
Prepare for bad and worst things because your journey in cryptocurrency might not be smoothly and rosy. Lots of ups and downs, challenges, success and failure. Always have fiat on hand. Do not put all your hard earned money into crypto because if that fails, you will be totally rekt. As much as possible, learn to diversify your investments into crypto, bonds, stocks or even in gold investments and never invest what you can't afford to lose. That way, you may lose from crypto, but made profits from other investments, or vice versa. |
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1, Never listen to YouTubers they are bums .
Even the youtubers that you love and think trusty.
Coinbereu : He all the time recommended on terra luna. He recommended it on the shitcoin Netvrk and put it on the list of metaverse best projects.
Sheldon Evans: Open youtube video terra luna to $1000 and never take responsibility for his mistakes.
Jrnycrypto - Said that Sand token will be top 10 in 2022, dogecoin will be $1, ada will be $10 in 2021 and many wrong calls.
they are all bums.
2. BTC is the king. The ratio should be like BTC/ETH 80% rest alts.
3. Make a decision - When big opportunities knock the door make decisions fast. trust your gut. Examples are Elon musk shill dogecoin first time. Facebook change the name to Meta. You have to make a decision when is happening the same day.
Like when you have the opportunity to go out with a girl you like. Make a decision now. All these waiting and thinking is killing you. Think fast.
listen to you
If you want to stay long in crypto, don't trust others for your own sucess. Learn on your own and trust yourself. Those crypto influencers were not really helpful at all. And always invest on the best asset of crypto, bitcoin. You will never be more successful if you keep on playing safe and avoid taking risks. For you to have a bright future in crypto, stick with your own decision and focus on your plans. Otherwise, you will have to regret what you did when you know you are capable of turning things into its most possibilities. |
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Have you forgotten that we have had many moments? You should be aware of today's Bitcoin price which has finished from a great bullrun but is still holding above the support line.
You are not the only one who has experienced a minus portfolio, but almost everyone including me has also lost 50% of the current total holdings. Since I don't store them in altcoins, then no matter what I already know Bitcoin will come back with a strong push in the future.
You should have known the market before you start investing because what we have right now is just a repetition of the past bear market conditions. Whether you invest in bitcoin or in any good altcoins, the moment bear market turns in, its normal to see our portfolio losing that much. However, the market will not be like this for years. Things will come back to normal again when we start receiving positive news that will bring its momentum and boost the market value again. |
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I was around last bear market season and its really devastating especially I lost a huge amount of money for thinking that price will recover after the dump. The only thing I do know which I learn from the past mistake is never to hold any crypto when halving is already done, sell and secure your profit since mostly after halving the price dump just like what we see nowadays.
The thing i learned from the last bear market is that to never resort into panicking and sell at loss. Even if the market falls deeply, it won't stay in it forever, and after a couple of months things will eventually start to become stable again. So stay patient while accumulating more bitcoin and established altcoins during bear season. And for that to make it happen, maximizing your purchasing power, we should at least secure profits when the market was still having a bull run. |
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Cryptocurrencies were never "safe". Outside of bitcoin, pretty much every single cryptocurrency outside stablecoins are very very experimental.
But to answer the currency question: most currencies are widely widely adopted and have been traded for multiple decades. Bitcoin is like more than a decade old, and most people don't even know what it does and why it's important.
As to your friend: if he thinks he can profit off of forex far easier, then why even force him to this industry? You don't necessarily need bitcoin or crypto to get rich.
I think not only cryptocurrencies but in most types of investments, they were never safe actually. Though we can still expect profits, but we don't know how long it lasts or it may just fall into a sudden bankruptcy. And bitcoin is not an exception. And its not even a guaranteed investment to make us rich, so if he finds forex more profitable than crypto, then stick to it. Bitcoin is just another option for those who become hopeless to make profits. |
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I’m fairly new to the crypto trading/buying realm. But what I’ve noticed is that lots of coins for a STUPID low price which are just trash. How DOGE is worth anything over $0.15 is beyond me. Either way, I purchased ~100m SHIB when it was somewhat lower, bout 3x on average what I put in (unrealized gains) but, with the amount in circulation (which I did not know until after the purchase) it’s quite clear that SHIB is unlikely to moon.
So what I’m getting at is, what is a stupid cheap yet promising asset I could look into. How do I find these new ICO’s or underperforming assets? When I see on Crypto com an asset that went up 60% in their gainers charts, I just wonder where these people getting their info to get in before hand and what moves the price.
While this is indeed temporary, I’m looking for stupid cheap but promising in long run, not necessarily moon this day and tank tomorrow
The market is bearish right now so its the best time to buy bitcoin at the moment since the value has dropped drastically. Just stick to bitcoin and you will never regret hodling it knowing how promising bitcoin is. And don't waste your time on meme coins again as they won't give you huge profits in the end, but more on losses as they easily get affected even with market correction. |
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