Is there any good news upcoming?

[Q7]

If you turn your attention away towards making a short term gain, and instead change it towards long term goals, probably that would help. Else it will get you so desperate. As long as the fundamentals are set right, there shouldn't be anything to worry about. Yeah, price will dip but with continued growth in adoption rate, it should overall be positive.

[uki]

If you turn your attention away towards making a short term gain, and instead change it towards long term goals, probably that would help. Else it will get you so desperate. As long as the fundamentals are set right, there shouldn't be anything to worry about. Yeah, price will dip but with continued growth in adoption rate, it should overall be positive.

Very wise words. Instead of watching daily price ticks and getting excited or depressed by the daily price action, try to use these dips to your advantage if you are Bitcoin-positive long-term. Same applies for short play, start at the top of the current horizontal channel ($285-290) and play from there. Now, in both cases mind your stops and invest only what you can afford to lose.

[hector3115]

Bitcoin's potential is recognized by those at the top but not at the bottom.  NYSE investing in Coinbase, the NASDAQ investment, JP MOrgan and Bitcoinchase.com, and all of the leaders in the tech world. 

Ordinary people have no fucking clue what bitcoin is.  The mainstream usually gets screwed out of things like this.  It is adopted at the top, and then forced upon the masses after all of the gains have been made by the elite.

By the time mainstream buys in, they will be dealing in bits and bitcoins will be worth tens of thousands of dollars maybe more.

I believe we are in a period right now, where big money is waiting to squeeze out as many of us as possible before they take control.  If price drops further and we give up, they'll be buying.

Stay strong

[pooya87]

i see these declines in price as a good news, because these panic sells right now will just help me buy more bitcoin. and i buy because i am looking for a long term investment and believe that it is going to give me a good profit over time.

[lucasjkr]

Good news is relative... I personally don't see GBTC or COIN being great news. Maybe they would have been a year and change ago when it was hard to get coins, but with coinbase and circle, it's much easier to obtain bitcoin exposure... Hence, I just don't think that either GBTC or COIN will be the catalyst for increasing price...

Which the case, generally - ETF's and mutual funds generally track the price of the underlying asset(s), they don't drive it.

So, holding your breath hoping that GBTC or COIN will pull the value of BTC upwards, that might not be the best route. What could do it? Adoption adoption adoption. Unless or until bigger retailers start taking it, the public at large doesn't have much reason to buy, aside from the idealistic side, but the idealists are probably already in the fold...

[Rampton]

If you turn your attention away towards making a short term gain, and instead change it towards long term goals, probably that would help. Else it will get you so desperate. As long as the fundamentals are set right, there shouldn't be anything to worry about. Yeah, price will dip but with continued growth in adoption rate, it should overall be positive.

Very wise words. Instead of watching daily price ticks and getting excited or depressed by the daily price action, try to use these dips to your advantage if you are Bitcoin-positive long-term. Same applies for short play, start at the top of the current horizontal channel ($285-290) and play from there. Now, in both cases mind your stops and invest only what you can afford to lose.

Agreed. If you're waiting on some good news merely to push the price up then you might be waiting a while. I'd relax and have some patience and see the long term potential from bitcoin. Rather than wait for news lets just wait for some actual adoption and use by a huge industry then the little price rises will look like small fry in comparison.

[Brother Darkness]

i see these declines in price as a good news, because these panic sells right now will just help me buy more bitcoin. and i buy because i am looking for a long term investment and believe that it is going to give me a good profit over time.

But what would be the good in that if it just kept falling forever? Will it be good if the price just keeps on falling and falling so your coins just keep losing value? At some point it's got to stop.

[samson]

i see these declines in price as a good news, because these panic sells right now will just help me buy more bitcoin. and i buy because i am looking for a long term investment and believe that it is going to give me a good profit over time.

But what would be the good in that if it just kept falling forever? Will it be good if the price just keeps on falling and falling so your coins just keep losing value? At some point it's got to stop.

I'm sure it will stop going down at some point but I have a feeling that will be quite some time away

Patience is required...

[MF Doom]

i see these declines in price as a good news, because these panic sells right now will just help me buy more bitcoin. and i buy because i am looking for a long term investment and believe that it is going to give me a good profit over time.

There is no guarantee of returns.  I would contain your optimism towards btc.  Even if it gains mass use, the price may not necessarily rise dramatically.  It could even settle in the double digits.