this topic doesn't even make sense! you are basically saying that you should worry when your bitcoin amount decreases! how is that even possible? unless you sell or lose your private keys but that is not something on-topic!
as for not worrying about price, you should worry about it a little because at the end of the day you have made an investment. what you shouldn't do is not to lose your shit over a small drop or rise. invest what you can afford to lose and try to analyze the market yourself instead of listening to others.

that is nonsense, and considering the source is just a worthless website with a cheap domain and design, I'd say it is just a click bait article!
for mining anything you need a strong processing unit (CPU, GPU, ASICs in order of their power) and the processors used in a television set is the minimum thing that you can find because they are not supposed to do anything big! it is your TV, it is doing some very basic things, probably your phone is much stronger than your TV! and mining anything (not just bitcoin) is a competitive thing, the hashrate that weak ass processor would generate is nothing in comparison.

there is nothing certain about buying some altcoin or token and waiting for the profit in long term. most of them die in long term! don't look at only last year compared to this year. that is misleading. look at the whole altcoin history. we have had rises like last year and each of them ended with a massive dump and eventually altcoin prices went below their start and most of those altcoins are not even around today.

but when you day trade you can make profit every day and secure it by taking it out. for example yesterday that the altcoins got dumped 20-30% you could have bought them as the dump slowed down and ended and sold them after about 10 hours for a small 3% to 10% profit depending on the coin.

it is supposed to but it is not. in fact I would say steemit has nothing to do with the blockchain technology! I know it is a weird thing to say but here is the reason:
when you sign up, do you create a key pair and register yourself on the distributed ledger called STEEM blockchain? NO.
what you do is you sign up in the centralized database of the website called steemit.com and it is like any other website

when you make a post is your post stored in a decentralized way or on a blockchain? NO.
instead your post is stored in a centralized database like any other website such as reddit for example on a server somewhere.

the only part where the "blockchain" comes in is when payment is involved, which to be honest I find reddit's tipbot a lot better
feel free to correct the two main points above, I am not a user of this platform I have only checked it out.

not everything! it has been only bitcoin that goes up consistently and stays up. the rest of them go up but then fall back down and stay down. that is why bitcoin is the only long term investment.
since last year that they started spam attacking the bitcoin network and then pump altcoins on the sideline, many shifted their attention towards them more than before thinking things have changed for altcoins but they are now realizing that this has been the same as all the previous years: a pump and dump. and now they are going back down again while bitcoin stays up.

you haven't talked about your reasons why you think it though.
yes tether is stable at $1 and yes it is being used a lot nowadays based on the trading volume that goes into it but at the end of the day it is a centralized altcoin, it is NOT USD.

and that means a high risk involved because it is centralized and if the company behind it starts acting weak or goes down then the price of this token will drop down to zero in a blinking of an eye just as fast as it went up. there is also restrictions in using it which makes it less than a real cryptocurrency.

if you are so interested in bullshit quotes then just google bitcoin obituaries and see lots of them in the past 9 short years of bitcoin's existence. each time there is a price movement we get at least a couple of them. bitcoin has been called a lot worse than just "useless"

and most of these quotes are from people in US, go figure. it is like they are threatened by bitcoin and the fact that they can not control it but at the same time sine bitcoin is global and out of their reach they can't completely ignore it either!

this is the best thing everyone can do and I always encourage them as much as I can.
people always want to invest in bitcoin to have it, I say why not receive it directly as it was meant to ie. a currency which you receive as payment for your freelance work, your goods, your salary,...

sorry I missed your comment.
I don't say "prohibited" but more like guided or educated. and it is not just selling but also buying.

for example I always tell everyone not to sell AFTER the price has dropped down. if they wanted to sell then they should have sold when the drop was starting and price was still high. but after it has dropped for example 10%, or specially the iconic 30% drops of last year, it is already too late but many of them don't listen. what they do is that they sell at the bottom after a huge loss and increase the volatility then since price recovers right after they sold they FOMO buy back at a higher price increasing the volatility even more.

this market is still young and filled with whales with experience and lots of lambs who are losing money.
not that this has nothing to do with bitcoin and its core principles, it is about the market and price and not giving your money to the manipulators.

interesting how everyone is now agreeing with me that TA doesn't work for bitcoin! but when I have been arguing that $6k is the bottom and won't break I was shown some TA that proved it will break and go lower!

in any case I am still disappointed. 2 days ago when I saw this topic I though this can be the incentive to bring back some actual analysis to this board and reduce the "guess the price after x days" topics which are dominant here. but guess the incentive was not enough

I wish more people asked this question the day that ETF hype began last year for the first time. by then we all were blinded by the hype and the rise because were thinking about profit, this year the same thing happened and we were blinded once more.
people were also happy about futures but they ended up hating that soon enough as the prices started going down and they saw behind the curtain. ETF is not exactly the same but it will get the same kind of people involved and they don't care about bitcoin, they want fiat.

if people were thinking more about how pointless an ETF is for a decentralized and global currency then we might not have had the past 2 month's volatility.

it is because what you are looking at is not dominance. it is market cap. and it is simply a mathematical game that has been played by the altcoins to gain "fake dominance" over the market by having huge supplies.

here is how it works.
a $10 rise in bitcoin price at this point means its market cap going up $170 million
a $10 rise in an altcoin like ethereum means its market cap going up $1010 million
same rise in price means 6 times bigger market cap in an altcoin with a huge supply!

why? because ETH has 100+ million coins in fake circulation while bitcoin has 17 million coins in real circulation. it is multiplication of X and Y where they have increased the Y (supply) of the equation to increase the effects of a pump and that supply is not even in circulation. then you look at that altcoin's fake market cap and think it is really big and bitcoin is losing dominance whereas bitcoin has been dominant all along!

what made you choose $5500?
so far the lowest that bitcoin has reached has been $5774 which was months ago and today the lowest was $5880! and it is not a bear market it is just altcoin dumps that is becoming severe again. and we are already back at $6000+
nobody can tell how long this will last but so far it has been holding strong.

the rise will eventually start but for now we have a big drama on the way called ETF, as soon as we are past that we can see rises start.

although I agree with the overall message of this post (buy when there is a drop for no reason, specially when it is mostly manipulation) but I still would argue that there are some reasons for this drop. for example you can see the altcoin's annihilation that is going on right now. all that money is going out through bitcoin because most of these altcoins don't have a fiat market so people have to dump them for bitcoin and then they come to bitcoin market and see the panic is going on and see price has dropped 1% so they sell their bitcoins too and stay in fiat. that pushes bitcoin price lower.
then we have the manipulation and panic sells and we've got ourselves a 5% drop.

what you are looking for here and describing are bag holders and panic sellers not holders and day traders.

holder is someone who makes a long term investment with wise choices. he invests his money in bitcoin because it has true potential and he invests a reasonable amount that he doesn't need and can afford to lose. then he stays away from short term speculation and enjoys the long term ride.

a day trader is someone who makes profit from short term even daily fluctuations in the market. it  doesn't matter it is rising or falling the profit will be made.

now on the contrary a bag holder and panic sellers is a person who doesn't know what they are doing. they haven't bought bitcoin because they know its potential, instead they bought bitcoin because they read somewhere it is going "to the moon" so they were expecting to become a millionaire by now and that is why they panic sell, because they don't know what bitcoin is they just read another new thing telling them "bitcoin is dead" so they sell.
it is a good thing that we have drops like this because even a small drop like today's will flush them out and decreases the volatility.

like it or not, bitcoin is a currency even if you call it something else for a million more times.

but since bitcoin is a scarce currency and a new one that is still in its infancy, it has a very long way ahead of it to go. that means a lot more growing adoption which effectively means increasing price in the long term. and price rise means investors coming in and many seeing this currency as a good investment. but bitcoin will still remain a currency.

despite all the speculation and TA and all the rest of them showing lower prices and people even wishing for them, the $6k price has been a very strong buy support which has stayed strong for a long time. it is now psychologically strong too as people see it as the bottom which price keeps on hitting and bouncing back from.
although there is a lot of dumps going on today specially among altcoins which is also influencing bitcoin price but we keep seeing this "resilience" which may not even be explainable for many.

no they won't.
but the total market sentiment is buy if price goes anywhere below $6k or near it and you can see it on the charts today. there is a strong buy support which is buying it up although the whales have been dumping a lot of bitcoin today trying to push it lower and also there is a panic sell going on but it still is holding strong.

here is why a miner like Bitmain won't do shit:
they have a large hashrate and they are not a small pool to need to sell right away to pay their costs and employees. they have enough money to cover it for more than a year possibly. so if price goes down it will be profitable for them because small miners will go away while they will still remain. so now (assuming price has actually falling a lot not just 5%) the total hashrate can go down while they gain a higher percentage and can find more blocks. result is earning more bitcoin. even if they find 1 more block per day that is going to be between 12.5 to 14 BTC profit.

1. I don't really follow ETF news because it makes me mad but remember that they did the same thing last year with Winklevoss twins ETF. they postponed their decision about it multiple times and finally they declined it!
https://www.coindesk.com/sec-bitcoin-etf-decision-delayed-trump-transition/
2. LOL, it certainly looks that way.

good post. just some thoughts I have:

lets focus on trading not investing because I can still argue that there is no bad time for investing in bitcoin if you consider it to go up in value and if you are not a trader. for example imagine someone who invested in bitcoin and doesn't want to trade back in 2013 at the peak when price was $1200. in in 5 years even after the drop he has made 400% profit or 80% per year. I'd say that is an excellent profit.

I disagree because of the percentage that you included although you are generally right. there really isn't any percentage you can have in mind to call it the bull run is happened. for instance price went from $900 to $20000 in a year last year and that is 2122% rise. a 20% rise from 900 meant going to $1080. stopping there was a foolish move because price didn't stop until previous ATH of $1200 or the next round of rise was from that point to $2980 (148%).

things are even harder in altcoin market. some of them go at least 100% in one day before stopping!


one thing that I have learned about bitcoin is that you should never say never with confidence
with what we have seen so far I have also been saying that below $6k is impossible but I can not rule out unexpected incidents like a market wide panic when SEC rejects ETF in near future or some ridiculous other news like an exchange hack. all of which can bring down the price.
and I think this "fear" is one of the main reasons why we are not seeing any rises these days and the volume is not as high as it should be.

this is true although you need to remember that this type of trading is riskier because it requires a much better timing since sometimes that window of opportunity for buying or selling is too short.