I do not understand the pessimism

[Scarletoverm]

I'm with you my friend. Bitcoin is way to overvalued. Cmon, 6000$ for coin which should be max 1000$ at such early state. It's FOMO made it to 19K, nothing more.

[1715080229]

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[1715080229]

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[Slow death]

What I do not understand is why most people are so pessimistic and talk about "these hard times for *coin".

see:

https://nulltx.com

Bitcoin Price Watch: Currency Sinks to $5,800

https://cointelegraph.com

Bitcoin Is a Buy at $5K, Says Allianz Chief Economist El-Erian

Bitcoin Price Sees Second Dip Below $6K This Year as CME Futures Expire

https://www.ccn.com

Newsflash: Bitcoin Price Careens Below $6,000 as Downturn Worsens

https://news.bitcoin.com

Markets Update: Cryptocurrency Prices at the Crossroads

I think you can see the answer to your question.

[Athanasios Motok]

if by that you mean price will be more stable and won't have wild swings then you are wrong. we are very far away from that day. we WILL continue to see big rises, bubbles, big bubbles, corrections, crashes and big crashing dumps.
.... the rollercoaster continues.

I agree with you very much on this issue. What is ahead of us is a lot of surprises associated with the growth of bitcoin prices and bubbles, which are necessary for a living asset. These bubbles attract attention and cause people to demand and increase prices. That is what will happen very soon.

[C. Bergmann]

The problem we are having right now is that a lot of newbies came into the market this year during the bull. They all wanted to get in on the action with no one wanting to miss out but the thing is they all got thing without a proper understanding of the crypto market. They are the people that are panicking right now because they are watching the values of their coins plummet thinking that the prices will never recover

Also at this forum, I saw a lot of newbie here that are so many question about what happen next.  All of us doesn't know on what happen next so why they always ask about that?  Some thread getting shit and spam because of the newbies coming that spam the forum that can cause the quality post may got down and hard to find.

There are some newbie that try their money on investment without study about anything then when they got loss some profit, they always sell their money.

[hmmkay]

Pessimism and panic comes from lack of experience and understanding of trading. People think that instant luck can make them rich, which is obviously wrong. They don't take into account the factor of volatility.

[kayakcrypto]

In the crypto world, being pessimistic is very much disrespectful. Generally the newbies become like this and create problems to the community.

[Dorcolac]

The bankers are the ones that spread the pessimism.
They do not want us to have crypto because of the fact that they lose money on the commision. With crypto there is no commision for them.
Crypto is a huge threat to conventional money.
The way todays economy works is that you need banks and bank accounts ( for which you pay fees ) for everything, getting a job, a company or just being a student in collage.
Seems okey, for the XX century not XXi.
The way crypto works is that you have a transparent ( yet ID protected ) system, with little to no fees, and the transactions are done in an instant. No more hassle.

[CircleMining]

The bankers are the ones that spread the pessimism.
They do not want us to have crypto because of the fact that they lose money on the commision. With crypto there is no commision for them.
Crypto is a huge threat to conventional money.
The way todays economy works is that you need banks and bank accounts ( for which you pay fees ) for everything, getting a job, a company or just being a student in collage.
Seems okey, for the XX century not XXi.
The way crypto works is that you have a transparent ( yet ID protected ) system, with little to no fees, and the transactions are done in an instant. No more hassle.

Bankers are not worried about commissions but control. Governments... pretty much the same. Cryptos give, again, control over your assets to people who really own them and this is something really unacceptable by institutions and banks.
This is the real innovation not the fact that a transaction could be done on Sunday...even if for some under developed countries just that could be enough.

[voltagecrypto]

You are right. In recent time, market is not moving well and traders are getting deppressive day by day just because they cannot make money from the market. I hope the depression will move out soon with time.

[thepers0n]

Me too. It is  sad to see  people complaining about the falling of the market all the time. Cryptocurrencies are not stable but their choice is big so you can invest in other altcoins. And a lot of them have a big future.

[markjamrobin]

You are right. In recent time, market is not moving well and traders are getting deppressive day by day just because they cannot make money from the market. I hope the depression will move out soon with time.

It is the boom of bitcoin and the whole of the market that drives the thinking of all investors, from a small market, into a market that is thousands of times larger, and as it goes. Down again, they feel deprived and depressed. But in fact, the market is still developing in the right direction.

[LodisMcguire]

It's not that they're truly pessimist about it.They had to because they need to express their frustration of not having profit,despite holding so long or buy many amount of crypto.We just have to understand that and let them be.

[cosmicart]

I have come to understand that there are the worry warts and self-assured people, the distinction is that hopeful people are the individuals who are financial specialists, they are Hodlers, they don't frenzy to offer, while the cynics are the inverse.

[Lanzer]

I think that a lot of people are more than scared about losing money in here, that is one of the main reasons of why they are so scared of this. Lets give them some time

[JacobLiam12]

I also feel the same. There's nothing called hard time for crypto currency. Fluctuation is its nature. So, learn before you invest or else in future you may face losses.

[Brianlee011]

if you think normally it's nothing more than a mental situation. but in the bitcoin market it could effect on practical way, the new arrivals are increasing and they are dealing with the market without any knowledge and it creating panic over the market, as a result they are not even able to rise their own prices.

[qiwoman2]

Well I am full time in crypto and have to say a year later I am poorer than what I wa slast summer as the bear run has literally wiped me out of all my wealth. My bags now are so insignificant in value it would take a bull run twice as big as the last one to bail me out of my shrivelled bag syndrome so yeah I am a bit depressed right now but I am a die hard crypto fan and won't give up as I really believe in the idea of decentralized money and blockchain technology.    When you see your portfolio go down by 98% it's hard to be happy right now.

[railyako]

These pessimistic people are not real investors. they just rode the wave when the price was high and now they are panic selling. they dont understamd that to earn money you have to work hard and have patience.

[zolfa]

you are a long-term crypto watcher, and the bearish market is dominated by panic due to short-term strategy, so I think that some of the short traders who created FUD. they panicked and experienced CL.

yes, today bitcoin is more valuable when compared to the previous year, but for some people who buy bitcoin when the price is 15K or 20K, is bitcoin still have value for them? certainly not.

so, I think that bitcoin valuable is relative.

[Wendigo]

I don't want Bitcoin to be stable. If Bitcoin had been stable it would have stayed on the same 10$ per coin or whatever level forever. We reached new ATH because Bitcoin has been volatile. And in order to reach new heights this process must go on. Pessimists are just people who want to become filthy rich overnight. It doesn't work like that