Bitcoin is performing just fine currently

[legendbtc]

However, my second point is that it's true that the price a year ago was half of what it is now, but it doesn't show the full picture. The price was also a bit higher in November 2021, which was a little more than 2.5 years ago, and it was almost the same in April 2021, which was more than 3 years ago. So there is reasonable concern regarding long-term investment if the price was the same 3 years ago and Bitcoin doesn't seem to be able to grow significantly beyond that.

Not everyone can buy bitcoin at low prices like during the 2022 bear season, and many people bought bitcoin at 65k-69k$ 3 years ago as you mentioned. If someone buys bitcoin for $69k and 3 years have passed and they are still losing money then clearly bitcoin is doing very badly in their case. So you're right, whether bitcoin is doing well or not depends on each person's thinking, depending on the price at which they bought it.

This is why I always oppose some people who advocate newbies investing in bitcoin without looking at the price. It is true that the market needs liquidity but we should not advise others to buy bitcoin when we are at the end of the bull cycle and bitcoin has peaked or is near the peak. Many people say that those who buy bitcoin at 69k in 2021 will not lose money because they have not sold bitcoin, they are not wrong but to me, it is a failed investment because it has not generated any significant profit for 3 years.

[Gladitorcomeback]

Not everyone can buy bitcoin at low prices like during the 2022 bear season, and many people bought bitcoin at 65k-69k$ 3 years ago as you mentioned. If someone buys bitcoin for $69k and 3 years have passed and they are still losing money then clearly bitcoin is doing very badly in their case. So you're right, whether bitcoin is doing well or not depends on each person's thinking, depending on the price at which they bought it.

This is why I always oppose some people who advocate newbies investing in bitcoin without looking at the price. It is true that the market needs liquidity but we should not advise others to buy bitcoin when we are at the end of the bull cycle and bitcoin has peaked or is near the peak. Many people say that those who buy bitcoin at 69k in 2021 will not lose money because they have not sold bitcoin, they are not wrong but to me, it is a failed investment because it has not generated any significant profit for 3 years.

I agree with that. I always ask people to invest money only in times when they know that the market is down if they are investing for the long term because if you are investing at the peak and then waiting to get profits in the next cycle, that's not good because you would get more profit if you don't buy now, wait for the bear run, buy when the prices are extremely down and the market has crashed, and then sell when the bull run comes in the next cycle.

Those who wish to buy and sell for the short-term so that they can get some profit instead of waiting for the bear run which will probably take some time, they can go ahead and buy at whatever price they want because they will always get an opportunity to sell their assets higher because the market is volatile and it is still not at the peak, as it seems.

[Tmoonz]

Anyone who thinks bitcoin is under performaning must be a newbie in the bitcoin world. I have been in other forums and even newbies too do understand that bitcoin has been great.

If anyone wants to invest in bitcoin they must look at the past of bitcoin and make decisions from their. bitcoin will always be bitcoin by repeating patterns.

So history is enough to teach everyone.

I Love your statement that anyone who thinks Bitcoin is under performed must be a newbie, generally I see most people complaining about Bitcoin being stagnated, instead of taking such advantage to accumulate as much as they can be Bitcoin might Surg so high beyond expectations. However, historically Bitcoin has done very well as it has made a tremendous increase in price and value and a more wider spread adoption good enough to be seen as one of the if not the best digital world largest asset class, it can be very Short sighted for any one not to have seen the potentials that Bitcoin holds.

[Smack That Ace]

Anyone who thinks bitcoin is under performaning must be a newbie in the bitcoin world. I have been in other forums and even newbies too do understand that bitcoin has been great.

If anyone wants to invest in bitcoin they must look at the past of bitcoin and make decisions from their. bitcoin will always be bitcoin by repeating patterns.

So history is enough to teach everyone.

I Love your statement that anyone who thinks Bitcoin is under performed must be a newbie, generally I see most people complaining about Bitcoin being stagnated, instead of taking such advantage to accumulate as much as they can be Bitcoin might Surg so high beyond expectations. However, historically Bitcoin has done very well as it has made a tremendous increase in price and value and a more wider spread adoption good enough to be seen as one of the if not the best digital world largest asset class, it can be very Short sighted for any one not to have seen the potentials that Bitcoin holds.

As kryptqnick gave a scenario to people who bought bitcoin 3 years ago for 69k$, do you think they are newbies and in the last 3 years bitcoin has not brought profit for them, what's wrong when they say bitcoin is underperforming for them? From the perspective of long-time investors and those who are making profits, it is true that bitcoin is not doing badly, but for those who are losing money or are not yet profitable, there is nothing wrong when they say that bitcoin is not good. Not to mention, those who just bought bitcoin for 72k$  in March will also be unhappy with the current situation of bitcoin.

I agree with some people here that whether bitcoin does well or not depends on when they buy it.

[Iranus]

Anyone who thinks bitcoin is under performaning must be a newbie in the bitcoin world. I have been in other forums and even newbies too do understand that bitcoin has been great.

If anyone wants to invest in bitcoin they must look at the past of bitcoin and make decisions from their. bitcoin will always be bitcoin by repeating patterns.

So history is enough to teach everyone.

I Love your statement that anyone who thinks Bitcoin is under performed must be a newbie, generally I see most people complaining about Bitcoin being stagnated, instead of taking such advantage to accumulate as much as they can be Bitcoin might Surg so high beyond expectations. 

Not only newbies, but some investors have been in the market for a long time and invest with borrowed money, money that cannot be lost, or investors who are all-in and want to get rich quickly. They all complain and say that bitcoin is under performed, and even blame bitcoin. From their perspective, bitcoin is underperformed because it is not meeting their expectations, but to be fair, they are the ones who are not performing well. Because they don't have an effective investment plan as well as if they calm down and ask why there are so many people who are very happy with what's going on but they can't. Obviously, those who say bitcoin is not doing well are people who have failed with their investment strategy because bitcoin is much better than they thought.

[Yatsan]

If it is just latency with investing on Bitcoin, then those are just reasons scared people are saying. Given the concept of Bitcoin having limited token supply and demand as its own basis for the market price, it is safe to say its market price could be higher than how much it is priced at this moment. As long as Bitcoin is having a value then it is for me, performing well, just not better with what most of us are expecting.

There are a few points I'd like to make here.
First, there is of course a lot of greed when it comes to investment, including Bitcoin investment. People want more profit and can't seem to get enough even when things are going well, as they've been for Bitcoin at least since March.
However, my second point is that it's true that the price a year ago was half of what it is now, but it doesn't show the full picture. The price was also a bit higher in November 2021, which was a little more than 2.5 years ago, and it was almost the same in April 2021, which was more than 3 years ago. So there is reasonable concern regarding long-term investment if the price was the same 3 years ago and Bitcoin doesn't seem to be able to grow significantly beyond that.

i agree but only time could really tell what's happen to Bitcoin's market value. It is just full of possibilities wherein a crash could pull its market price down or push it up. People who panic are most likely those who cannot really afford the risk this industry is having. For now it would be best to wait for things to stabilize and recover the way we all used to.

[Emmanuelex]

I got to know about Bitcoin since 2015, and started investing the same year. From then till now is a huge difference. But the thing is, every year there are people who are buying at the new price, or maybe old investors who have withdrawn profit and are starting all over again, they will always have a high expectation of price for Bitcoin, because they all want to make profit from their current investment, that's why you will always see people complain about the price.

[Silberman]

Not only newbies, but some investors have been in the market for a long time and invest with borrowed money, money that cannot be lost, or investors who are all-in and want to get rich quickly. They all complain and say that bitcoin is under performed, and even blame bitcoin. From their perspective, bitcoin is underperformed because it is not meeting their expectations, but to be fair, they are the ones who are not performing well. Because they don't have an effective investment plan as well as if they calm down and ask why there are so many people who are very happy with what's going on but they can't. Obviously, those who say bitcoin is not doing well are people who have failed with their investment strategy because bitcoin is much better than they thought.

Those kind of people will most likely lose most of their money at some point during their journey, and that is because they hold the mistaken thought that it is the market that needs to adjust to their desires, when the reality is that it is the investor that needs to adjust, as we do not know exactly what the market may do at any given time, eventually some of those investors may learn their lesson before it is too late, but the majority wont and it is a shame, since they could have saved themselves a lot of money by simply holding to correct understanding out of this market.

[Notalony]

Recently, I have seen often talking about how Bitcoin is not going up fast enough, I usually see this mostly on social media. I haven't really seen it on this forum but I'm bringing it here just in case there are people here who have similar views

Almost exactly a year ago, the Bitcoin price was $30,534 on the 27th of June 2023. This was a year ago and at the time, this was a pretty impressive price because Bitcoin just hit $30k. A year from that time bitcoin is at $61, 423 (at the time of writing), that's a 100% increase in price and a 100% profit if you invested at the time.
A few months ago, we were celebrating Bitcoin at $40k, so how come now that Bitcoin is at $61k we're unimpressed? How is $60k looking ordinary when the previous ATH before this year was $69k?

I understand that we all want Bitcoin prices to skyrocket (which it's actually doing), but that doesn't mean Bitcoin is performing poorly. A lot of people expected Bitcoin to get to $100k immediately after the halving, but by history, it's usually not so.

In conclusion, this post is for two sets of people;
Those who believe it's too late to invest in Bitcoin because you can clearly see how Bitcoin has grown in price in the past year.
Secondly, the post is mainly for those who believe Bitcoin is underperforming because it's not at all.

Bitcoin is actually doing very well historically, and see it that for it not to have gone that far is enough privilege to those that don't have to buy now and those that have but little to buy more as it is the amount of Bitcoin and how long one have hold Bitcoin that will determine the level of profitability. However, Bitcoin has not underperform as it has made a significant increase in price and value and it is never too late for any considering buying or havingBitcoin in their portfolios more especially if the plan is to buy and hold for long term.

[Jegileman]

Looking from the previous trends of bitcoin, it is just doing perfectly fine the way it’s suppose to be. There are no setbacks or any negative surprises on how it is performing now. Bitcoin is going to continue in this trend and a lot will see the potential it has over other cryptocurrencies when the real bull run begins. In bull runs, some coins are  not making it to the market because of the volatility nature of it, which has made it impossible for such coins to thrive there. Bitcoin is an asset that you can depend on and start your investment without looking out the critics because looking at what they say is the beginning of failure in the  market.

[Russlenat]

Not only newbies, but some investors have been in the market for a long time and invest with borrowed money, money that cannot be lost, or investors who are all-in and want to get rich quickly. They all complain and say that bitcoin is under performed, and even blame bitcoin. From their perspective, bitcoin is underperformed because it is not meeting their expectations, but to be fair, they are the ones who are not performing well. Because they don't have an effective investment plan as well as if they calm down and ask why there are so many people who are very happy with what's going on but they can't. Obviously, those who say bitcoin is not doing well are people who have failed with their investment strategy because bitcoin is much better than they thought.

Those kind of people will most likely lose most of their money at some point during their journey, and that is because they hold the mistaken thought that it is the market that needs to adjust to their desires, when the reality is that it is the investor that needs to adjust, as we do not know exactly what the market may do at any given time, eventually some of those investors may learn their lesson before it is too late, but the majority wont and it is a shame, since they could have saved themselves a lot of money by simply holding to correct understanding out of this market.

True. They don't see bitcoin as a long term investment, but a get rich quick investment that will offer them profits in just a short span, and we all know bitcoin isn't like that. But I still believe majority still patient with their bitcoin and just buy and hold calmly, these are the type of people who will certainly succeed in the end, because they know how to adjust with bitcoin's volatility, not that bitcoin will adjust to their greed and selfish desires.

[Out of mind]

Anyone who thinks bitcoin is under performaning must be a newbie in the bitcoin world. I have been in other forums and even newbies too do understand that bitcoin has been great.

If anyone wants to invest in bitcoin they must look at the past of bitcoin and make decisions from their. bitcoin will always be bitcoin by repeating patterns.

So history is enough to teach everyone.

I Love your statement that anyone who thinks Bitcoin is under performed must be a newbie, generally I see most people complaining about Bitcoin being stagnated, instead of taking such advantage to accumulate as much as they can be Bitcoin might Surg so high beyond expectations. 

Not only newbies, but some investors have been in the market for a long time and invest with borrowed money, money that cannot be lost, or investors who are all-in and want to get rich quickly. They all complain and say that bitcoin is under performed, and even blame bitcoin. From their perspective, bitcoin is underperformed because it is not meeting their expectations, but to be fair, they are the ones who are not performing well. Because they don't have an effective investment plan as well as if they calm down and ask why there are so many people who are very happy with what's going on but they can't. Obviously, those who say bitcoin is not doing well are people who have failed with their investment strategy because bitcoin is much better than they thought.

Yes, most of the people have invested in Bitcoin for a long time, and they hold it only for the purpose of making money. People have invested with the plan to get rich by earning money from Bitcoin, many also invest by taking loans, but I think it is better not to do that but investing with your own savings is the best. I think people who invest in Bitcoin blame it on this, it's probably the work of a new user looking for a get-rich-quick scheme. People who invest in bitcoin and think that bitcoin is not good, maybe they did not earn profit by investing, maybe they failed in investment. But they may not have in mind that they have to hold for a long time by investing in Bitcoin, but they have to hold it patiently only then it is possible to make money. We all know how good Bitcoin is, and we have a lot of guesses about its future, but those who are ignorant are the only ones who talk negatively about Bitcoin.