Bitcoin continues to be a strong and promising investing, even if there has been a short term price drop of 30%..
Zoom out a wee bit to help ur lil selfie to assess dee cornz a wee bit better, if you don't know dee cornz very well.
30% drop in price couldn't be enough to assume Bitcoin is on a bear trend.
I have seen arguable conversations about Bitcoin going down more but interest should not be on the price but on future benefits.
What do you think about the current market?
Frequently the bitcoin market is difficult to decipher, and like always one the most important matters is for each of us to assess ourselves and where we are at in our own bitcoin accumulation journey. An overwhelming quantity of normies do not have enough BTC.. so the current BTC market seems to provide an opportunity to buy more BTC for the same quantity of money, yet each person has to figure out their budget and figure out how much they are able to use to buy bitcoin, and figuring out the market likely does not even play a very strong role.. at least not for the newbie investor.
As we invest into bitcoin for a while and we accumulate more and more bitcoin, we may well get to a point that we feel that we have enough bitcoin or more than enough bitcoin, so price drops, like our current one, could end up inspiring someone to continue to buy BTC, even if he had been considering that he had enough or more than enough BTC.ear
You have a year and half in bitcoin, perhaps? going by your forum registration date. How are you dealing with current BTC price dynamics?
That is not true.
Bitcoin continues to be a strong and promising investing, even if there has been a short term price drop of 30%..
Zoom out a wee bit to help ur lil selfie to assess dee cornz a wee bit better, if you don't know dee cornz very well.
30% drop =
Every (real) WO should read the fear/greed index reversed.
Most newbies came here to learn, but some refused.
Their own fault, imo.
Learning is significant to knowledge acquisition. Flexibility still matters when relating to others opinions.
I gat everything you have passed here. Learning to get informed
[/quote]
Well there is learning and there is acting, and they can snowball upon each other and reinforce each other. Besides just thinking about bitcoin and/or surveying other members regarding their feelings, what are you doing for ur lil selfie? And, how does that relate to bitcoin?
This feels like a good place to buy.
Too bad OGnasty's prediction did not come true... I would have loved buying @ 78K
.
Not me.
I will buy if it gets there.. but I don't want to do it.
I bought most of my cornz more than 10 years ago, so I have largely been prepared for UP for more than 10 years.. Mostly.
This feels like a good place to buy.
Naa, we’re going way lower sadly.
You really waiting for sub-$70k-ish?
Gotta give it to you to let it play out.. I get way too nervous whenever i sell any meaningful amounts of cornz... especially if my intention is to buy back cheaper - or even just spend and replace.
I have a tendency to want to buy them back sooner rather later, so I suppose that there is a need to get into the proper mindset ...
Something like $70k or lower is getting more and more realistic the closer we get to it, yet I am still not very confident that something like $70k is going to happen...
This feels like a good place to buy.
Naa, we’re going way lower sadly.
What needs to happen for you to turn bullish again?
Bitcoin is being treated more like an extremely risky tech stock and less like a safe haven.
Unlike a tech stock (i.e. NVDA) that can deliver good quarterly earnings and guidance of future growth that helps increase its stock price, Bitcoin is dependent on reduced availability and increased demand. That's a troubling spot to be in for Bitcoin to stand on its own like gold - because all we have that is driving Bitcoin's price up is; the four-year halving cycle and institutional/government/company and retail buying. If that buying fades the bottom is unknown...
Sure there needs to be buying for the BTC price to go up, and so bitcoin's adoption seems to be a product of the growth of
7 areas of network effects that were outlined by Trace Mayer in 2014-ish. We have heard many nonsense claims about bitcoin needing to produce a dividend in order for it to be a valuable investment, which over the years has surely led folks to poorly considering the value in holding bitcoin and also has lead them to seeking out value in inferior products, such as those products that offer yields (and/or some other benefits).
Bitcoin is designed forever, and yeah, maybe it won't go up because demand will dry up, yet you are spouting out such claims and the actual evidence is the opposite. The more time that passes, the more and more we see demand increasing, even though much of retail seem to be failing/refusing to establish their own favorable stake in the thing that is likely to be the best investment (even though it is not guaranteed.. Bitcoin is a asymmetric bet to the upside and the most that anyone can lose is 100% as long as they do not employ leverage or engage in other games such as trading and/or getting distracted into shitcoins and/or other inferior products).
Ultimately position size is important with bitcoin, and surely for normies it can take years to establish a position size that is meaningful, yet there are still needs to get started since bitcoin remains available to everyone and everyone, even there might be attacks upon it that are trying to cause it to ONLY be a tool (and toy) for the rich, so i had been considering that normies were largely getting screwed by various aspects or the rich, governments and/or institutions coming into the space and pumping it, so in some sense dumps like these remain opportunities for normies to get more coin for less money, even though many of us likely realize that not too many normies are taking advantage of dump like these... which also would be nice for some rich folks to get reckt in order to indirectly benefit normies... and yeah, normies tend to not recognize their opportunities to enter into bitcoin even though my own proclamation is that it is always time to enter bitcoin for normies, whether there is a dip or not.
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