CAN ANYONE PLEASE SHED SOME LIGHT? WHAT'S WRONG WITH BTC?

[justatrader]

OK, I'll cut straight to it. I see all these people saying "Yeah it will be fine" and "it always bounces back".. etc etc..

But ARE these people just saying it with hope or actual knowledge?

Are the banks and big hedgers truly suppressing in order to scoop up more BTC cheaply?

As far as I knew from last week (or so the news went) Saudi Arabia was going to be highly involved in btc and I presumed the price would boom again. I love BTC and I love anything to do with crypto, but I'm truly scared and anyone that says they're not I think are either just trying to keep a straight/strong face, and are basically all as scared as me.. (well I hope they are, as this shit is getting serious).

I'd love to hear some truth and real thoughts.

Cheers'
Paul

[1713578944]

1713578944

[1713578944]

1713578944

[moynul2050]

Nothing to be worried about, BTC is very vulnerable to issues. Bad things always happen and the cause is a negative issue from influential countries.
China and India this month banned crypto trade. this makes everyone panic.
Be patient and hold it until the storm ends.

[chocolaty]

A lot of things have happened last month like India banning cryptocurrencies, Korea allowing real name trading with 24.2% tax and a lot more, and these events afflicted Bitcoin and all other cyrptocurrencies as well. It maybe at its recalibration. Things are adjusting. Bitcoin is highly volatile to small changes in the market which is why it may sometimes surprise us with its sudden pumps and dumps. Let us wait and hold.

[fabioganga]

As for BTC, 20K was overinflated for that time when it happened. Just hodl. All indicators show that BTC is badly oversold. It will rise again.

[Pragmatist]

Are the banks and big hedgers truly suppressing in order to scoop up more BTC cheaply?

If the banks got convinced that cryptocurrency was the future the first thing they'd do is create their own blockchain, and cut the existing BTC holders out.  So it doesn't make any sense that they're manipulating the BTC price.

[paolo099]

weak hands, newbies in this world are struggling to understand this market.
If you just read around, check graphics and the history you will see that BTC has always been like this, roller coasting all around, price is subject to change every minute and this is the way it should be for now.
In this world you should be more practical than emotional because when we are talking about money emotions never helps to take the right decision.
Unless you are a daily trader, just hold and stop checking the BTC price every 10 minutes, clear your mind and start to check it every week or month, don't be stupid to jump off the train at 7/6/5k because when the price will get back you will definitely regret it.

[Gibreil]

There is nothing wrong with btc even its price is volatile. What is wrong is the speculations of the people from btc. They are just saying based on what they see in the price. Speculations make bitcoin more dipping down because some of investors having a panic selling.

[Aura]

There is nothing wrong with Bitcoin except the scaling problems. But that is not really a problem anymore if so much countries are banning Bitcoin and therefore reducing the traffic on the Bitcoin network. The value decrease is caused by the hype, because new investors are cutting out there losses.

[crazyivan]

OK, I'll cut straight to it. I see all these people saying "Yeah it will be fine" and "it always bounces back".. etc etc..

But ARE these people just saying it with hope or actual knowledge?

Are the banks and big hedgers truly suppressing in order to scoop up more BTC cheaply?

As far as I knew from last week (or so the news went) Saudi Arabia was going to be highly involved in btc and I presumed the price would boom again. I love BTC and I love anything to do with crypto, but I'm truly scared and anyone that says they're not I think are either just trying to keep a straight/strong face, and are basically all as scared as me.. (well I hope they are, as this shit is getting serious).

I'd love to hear some truth and real thoughts.

Cheers'
Paul

Are you 5 years old?

Do you read what you write? You ask crypto community to tell you for sure, based on actual knowledge that everything is going to be fine with crypto???

If you need somebody to hold you crypto hand during harsh times, I think you re definitely in the wrong industry and should stick with traditional banking.

So you can either grow some balls and patience, go through this red tide shit with the rest of us or you stay scared.

It s up to you. I AINT SELLING!

[jeluhtajem]

it's just negative news about bitcoin, we do not have to worry about that
and, do not be a weak hand .. and also,don't ever be affected by negative news

[RawDog]

But ARE these people just saying it with hope or actual knowledge?

They are saying it because if you and everyone else sells it lowers the price.  They want to get out before you do at a better price.  So they tell you to 'HODL' while they look for the best time to SODL!!!  

Don't be an idiot.  Sell before it goes much lower.  Don't let the whales get your money.

 How much money can you really afford to lose? 

[albos]

The media patrons spreads negative news, the market drops like hell, they buy low and the price rises in few days... they sell and after other news and rumors cames around, the same thing happen again and again and again

[buinchain]

Can I think you need someone else's encouragement? Because you always think that the views of others do not meet, not enough? Then sell off bitcoin you hold because you think bitcoin will end, you do not believe, you just want to know what others think, everyone has a different opinion, but you do not seem to approve of it.

[fulmetal08larz]

There is nothing wrong entirely with BTC, it's just the FUDs that are spreading in mainstream media to cause panic selling. As an investor in cryptoverse, you should have your own threshold on how much loss you can take and how much profit you want to achieve/gain and do not let your emotions affect your strategy. If you don't need the money yet, just let it stay on your offline wallet for long term and if you have funds, this is a good time to buy more BTC at a lower price.

[Steve_Tou]

Ok, I posted a story here before and friends.. Here's for u TS. (Pardon I use pokemon as example)

A lot of pikachus lived near a village.

Pikachu is worth around $2 to few dollars.

One day a merchant came to the village to buy these pikachus!

He announced that he will buy it @ $100 each.

The villagers thought that this man is mad.

They thought how can somebody buy wild pokemon at $100 each?

Still, some people caught some and gave it to this merchant and he gave $100 for each pikachu.

This news spread like wildfire and people caught pikachus and sold it to the merchant.

After a few days, the merchant announced that he will buy pikachu @ 200 each.

The lazy villagers also ran around to catch the remaining pikachu!
They sold the remaining @ 200 each.

Then the merchant announced that he will buy pikachus @ 500 each!

The villagers start to lose sleep! ... They caught six or seven pikachu, which was all that was left and got 500 each.

The villagers were waiting anxiously for the next announcement.

Then the merchant announced that he is going home for a week. And when he returns, he will buy pikachu @ 1000 each!

He asked his employee to take care of the pikachus he bought. He was alone taking care of all the pikachus in pokeballs.

The merchant went home.

The villagers were very sad as there were no more pikachu left for them to sell it at $1000 each.☹

Then the employee told them that he will sell some @ 700 each secretly.

This news spread like fire. Since the merchant buys pikachu @ 1000 each, there is a 300 profit for each pikachu.

The next day, villagers made a queue near the employee.

The employee sold all the pikachus at 700 each. The rich bought pikachus in big lots. The poor borrowed money from money lenders and also bought pikachus!

The villagers took care of their pikachus & waited for the merchant to return.

But nobody came! Then they ran to the employee.

But he has already left too !

The villagers then realised that they have bought the useless wild pikachu @ 700 each and unable to sell them!


It will make a lot of people bankrupt and a few people filthy rich in this pikachu business.

That' how it will work.

[spngebob]

Nothing is wrong with bitcoin except for high fees and network spammed from time to time.

All of you newbies are coming to this forum and talk about price and you are all forgetting what bitcoin is, maybe you don't know what bitcoin is because whoever introduced you to it didn't do it correctly and all you have been doing is this:

Price, price, down, up, china, sell, sell, sell, KFC, buy, buy, buy, South Korea, sell, sell, sell, India, sell, sell ,sell, Oh fake news, buy, buy, buy, merit, merit, buy, buy, sell, merit, bounty, bounty, sell, sell.  

[TheGodson]

What is wrong with BTC? Well quite a bit at the moment.

Governments are cracking down on it. Scaling is a nightmare. Transactions take way too long. Fees are ridiculously high. It has also become centralized.

Bitcoin has become everything bad that it has tried to fix. The chances for it to succeed are very slim, but the risk reward is worth it. So I still think it is wise to aquire Bitcoin.

I should also mention that if the market movers manipulate it to inflate it to a much higher price you can sell some of your coins at that time and buy more when it drops lower. Always keep some off the table so you can ensure profit in case things go south.

I invest in Bitcoin and love the vision, but let's be honest right now. Bitcoin is struggling like crazy. Its main value is that people believe it to be decentralized when actually it isn't. Bitcoin is centralized.

Bitcoin is at risk to a better coin/money philosophy. It is also at risk because of government intervention. People say the government can't control it, which is true to an extent, but they can make it difficult to use simply, essentially ruining its overall usage to most everyday people that aren't computer geniuses.

[aishyoo17]

As most of the people say, nothing is wrong BTC now. This phase it is going through now has been a repeated pattern a couple of years back. And if you could Google and searched its chart in 2014 until now you can tell that it has some what a pattern every first month of the year. And I think when BTC reached $20k last year, it was overpriced and needed to correct the price plus the news that is circling around which also could affect the market.

[hilariousetc]

OK, I'll cut straight to it. I see all these people saying "Yeah it will be fine" and "it always bounces back".. etc etc..

But ARE these people just saying it with hope or actual knowledge?

Are the banks and big hedgers truly suppressing in order to scoop up more BTC cheaply?

As far as I knew from last week (or so the news went) Saudi Arabia was going to be highly involved in btc and I presumed the price would boom again. I love BTC and I love anything to do with crypto, but I'm truly scared and anyone that says they're not I think are either just trying to keep a straight/strong face, and are basically all as scared as me.. (well I hope they are, as this shit is getting serious).

I'd love to hear some truth and real thoughts.

Cheers'
Paul

Nobody really knows what they're talking about when it comes to the speculation on the price and it's always wishful thinking and people are incredibly biased. Sure, bitcoin has always bounced back previously but there can and likely always will be that one time when it doesn't. Bitcoin probably has many years of ups and downs and the value will probably be worth much more and much less than what it is today at some point, but nobody can guarantee you it will ever get back to anywhere near the all time high or even surpass it. If you believe in bitcoin and can see the potential then just keep holding but if you're worried or sceptical about its future then don't put all your eggs in one basket and only risk what you can afford to lose, but always remember that nothing at all is ever guaranteed.

[yasirsidds89]

you know what believe me its unpredictable now all the analysis are failed no one can predict about btc right now there is always a hope that's all i can say..