Stop Worrying about the Bitcoin Price

[hypersonic1]

The Bitcoin price certainly affects many things. It can help us gauge adoption along with other metrics as well as the sentiment of people who are currently invested.

Bitcoin is not a get rich quick scheme. It is the currency of the internet designed as a super hard form of money to challenge many status quos.

Even if we were to pay more attention to the price. Many of the people worrying don't know the basics of TA. I'm here to tell you that if you own any amount of BTC you are riding a rollercoaster that is affected by adoption, politics, whales and many other factors out of your control. The one thing you can count on is the math, The fact that is was the first, the 21million cap, it's security, and the torrent of frustration it brings older businesses who have grown lazy and abuse the masses(banks).

From a TA standpoint (i'm a noob with a background in music but i've been studying and doing paper trades for years now). Bitcoin has been consolidating for a few months after a pullback from a 1 year high. The fact that it's been trading in the range its at means that the whales and traders who bought in late can't affect the die hard HODLERS who were already in the market in early 2019. You can find articles explaining the demographics of Bitcoin holders. Those who bought in at 10k+ were the ones selling.

Other than that we have some whales playing in the ocean.

Remember this is about change and technology.

If you believe in the ideals money is more than likely to follow.

Be well!

[CryptoBry]

I do believe in the ideals of Bitcoin and yes it should not be taken as a quick-rich-scheme as we are only sending the message to other people that we are involved in a ponzi scheme. Bitcoin is representing a huge paradigm shift...a chance for us to reclaim the power we lost to institutions and the government. Yes, Bitcoin is not perfect and this is quite expected as we are also living in an imperfect world but Bitcoin is evolving and many developments are currently being tested and done to make the ecosystem much more resilient and more innovative in many aspects. As asset and currency, Bitcoin has been a source of great amazement for the many since 10 years ago as its value continued to make a rampage all over the market even with its well-known extreme volatility at times.

[Anonylz]

Unfortunately people can't stop emphasizing on about the price of btc because it's what gives the excitement, the technological aspect does not get much attention from many btc holders at this point, if only people can actually stop worry too much about price, go less about the predictions, and talk more about the possibilities, it will be nice.

[DoublerHunter]

Bitcoin investment is not just easy, you need the word "patient" when you are investing in it. You should know first how bitcoin works before you invest with. OP was right, stop worrying about the price because if you always looking at this you become feel panic selling. Bitcoin investment is a long term investment, not a short term just like weeks or months. Nevertheless, you don't worry about the whales because they are always here in crypto space, the fact you will earn together with them if you know how to ride their plan.

[boltz]

During my 1st days of holding bitcoin I was checking the price every hour and every minute sometimes, I was so inpatient but now, after some years of being into cryptos I have learn to be patient and I barely look 1-2 times per day at all coinmarketcap coins. Without patience its hard to hold cryptocurrencies as you think the day that will bring you profits will never come so just hang tight and have patience.

[samcrypto]

As long as you look at the price of bitcoin every minute of your life, you cannot sleep well. People should not focus on the short movement of bitcoin because its highly volatile. The good thing right now is that, the price starts to recover and its good for those who don’t panic sell, it will rise big again soon.

[Astvile]

Well, that's the problem for most bitcoin users/traders out there many of them are weak-minded and weak handed people who can't pass an hour not viewing a glimpse of bitcoins price hour by hour. Is it because they are new or they are just too concerned about the price and their money or they just simply don't feel like investing in bitcoin is their best choice.

[skarais]

Bitcoin investment is not just easy, you need the word "patient" when you are investing in it. You should know first how bitcoin works before you invest with. OP was right, stop worrying about the price because if you always looking at this you become feel panic selling. Bitcoin investment is a long term investment, not a short term just like weeks or months. Nevertheless, you don't worry about the whales because they are always here in crypto space, the fact you will earn together with them if you know how to ride their plan.

I agree with your opinion. Don't have to think about prices and monitor them all the time. Because it will create more worries and will cause panic. Bitcoin investments are more suitable for the long term, that's right.
I am sure that price fluctuations cannot be separated, but if we are good at using these fluctuations, we will benefit.

[coin-investor]

The Bitcoin price certainly affects many things. It can help us gauge adoption along with other metrics as well as the sentiment of people who are currently invested.

Bitcoin is not a get rich quick scheme. It is the currency of the internet designed as a super hard form of money to challenge many status quos.

Unfortunately, not many people are looking Bitcoin the way that it should be looked at, still many people look on one of its features as making a good profit out of it, because the supply is very limited and the adoption is growing, it is created to make profit for every holder, it is the new internet gold and majority of people look at it that way, it should be peer to peer payment system, it is created to be that way.

[Wexnident]

The Bitcoin price certainly affects many things. It can help us gauge adoption along with other metrics as well as the sentiment of people who are currently invested.

Bitcoin is not a get rich quick scheme. It is the currency of the internet designed as a super hard form of money to challenge many status quos.

Even if we were to pay more attention to the price. Many of the people worrying don't know the basics of TA. I'm here to tell you that if you own any amount of BTC you are riding a rollercoaster that is affected by adoption, politics, whales and many other factors out of your control. The one thing you can count on is the math, The fact that is was the first, the 21million cap, it's security, and the torrent of frustration it brings older businesses who have grown lazy and abuse the masses(banks).

From a TA standpoint (i'm a noob with a background in music but i've been studying and doing paper trades for years now). Bitcoin has been consolidating for a few months after a pullback from a 1 year high. The fact that it's been trading in the range its at means that the whales and traders who bought in late can't affect the die hard HODLERS who were already in the market in early 2019. You can find articles explaining the demographics of Bitcoin holders. Those who bought in at 10k+ were the ones selling.

Other than that we have some whales playing in the ocean.

Remember this is about change and technology.

If you believe in the ideals money is more than likely to follow.

Be well!

Only those HODLers have the ability to ignore the current trends of questioning the price of bitcoin. Others, on the other hand, especially newbies, keep asking questions regarding the current price since they can't react or expect anything to the possible results of a pump or dump in price. Sadly enough, some people joined the community while being controlled ny greed. Sure some of us might have this attitude as well, but we all strive to learn and educate others rather than just being controlled ny greed.

[yazher]

We are not worried about the price, it has become our habit to watch the price of the bitcoin every day. Even though I only hold a small number of bitcoins compared to others, I'd love to get updated with the price and when I see the price is recovering, it makes me happy at some point.
Once you become a Bitcoin lover, you will be curious about its price from time to time. for me, it doesn't really matter if the price will not get high soon. because I know after a few months from now, we will see a massive impact on the price of bitcoin before the exact date of bitcoin halving next year.

[traderethereum]

We can say that the bitcoin investment needs the patience to wait for the price to increase or decrease.
Not every time we can see if the price will reach our target so we can smile to sell the bitcoin or buy bitcoin.
We need to know that patience will be necessary related to wait for the movements of the price.
But unfortunately, many people cannot wait for a while because they want to make an instant profit in a short time.
They need to learn that the cryptocurrency price will not increase or decrease so high in a short time, but it will need time to see the price will move to any price so that it will reach our target price.
So if you think you cannot be patient to wait, then you should leave the cryptocurrency for a while and don't check the price many times because that will make you worry about the price.

[BrewMaster]

From a TA standpoint (i'm a noob with a background in music but i've been studying and doing paper trades for years now). Bitcoin has been consolidating for a few months after a pullback from a 1 year high.

the high that the real pull back started from was in 2017 and the high was at $20k which was a bubble. so the bubble burst and the consolidation occurred for the following months and lasted upto 12 months (until 2019) and this year there was no consolidation anymore. it was just accumulation, then a big 250% rise and now the correction of it with some panic is what we have.

[nasipadang]

The Bitcoin price certainly affects many things. It can help us gauge adoption along with other metrics as well as the sentiment of people who are currently invested.

Bitcoin is not a get rich quick scheme. It is the currency of the internet designed as a super hard form of money to challenge many status quos.

Even if we were to pay more attention to the price. Many of the people worrying don't know the basics of TA. I'm here to tell you that if you own any amount of BTC you are riding a rollercoaster that is affected by adoption, politics, whales and many other factors out of your control. The one thing you can count on is the math, The fact that is was the first, the 21million cap, it's security, and the torrent of frustration it brings older businesses who have grown lazy and abuse the masses(banks).

From a TA standpoint (i'm a noob with a background in music but i've been studying and doing paper trades for years now). Bitcoin has been consolidating for a few months after a pullback from a 1 year high. The fact that it's been trading in the range its at means that the whales and traders who bought in late can't affect the die hard HODLERS who were already in the market in early 2019. You can find articles explaining the demographics of Bitcoin holders. Those who bought in at 10k+ were the ones selling.

Other than that we have some whales playing in the ocean.

Remember this is about change and technology.

If you believe in the ideals money is more than likely to follow.

Be well!

Nice quote, although I think the concern here is not because of the price of bitcoin, but a very deep decline in value. Maybe you can say the impact of the decline in that is due to the increase in months, this is the beginning to the concern of users, they forget that the number is still 21 and this technology is super technology.

[Oneandpure]

Why not worrying about bitcoin price today? if you remember you are joining and investing your money in bitcoin at last end of 2017 where bitcoin above $15K and now how much your money lower than bitcoin drop price, I am sure back to higher again but I am worry when bitcoin can back to higher price to get back what have I invested with bitcoin.

[febriyana]

Thats right because Bitcoin is only currency.
But as human are you sure not worry if your investment drop like hell? 
Personally i am still worry about it. But i don't too much pay attention about it.
I believe Bitcoin is still long way to use in the future, the opportunity people make it to as payment still bright.

[bhabygrim]

Well most of us already know that it isn't a quick rich scheme ,
But you couldn't really tell someone to stop worrying about the price when it matters to all of us.
The price of Bitcoin matters to everyone sure we believe in it and we want adaptation but you couldn't worry about your money.
Even if you believe in it you would still react and be worried when something happens to the price specially if it went down .

[robelneo]

Even if we were to pay more attention to the price. Many of the people worrying don't know the basics of TA. I'm here to tell you that if you own any amount of BTC you are riding a rollercoaster that is affected by adoption, politics, whales and many other factors out of your control. The one thing you can count on is the math, The fact that is was the first, the 21million cap, it's security, and the torrent of frustration it brings older businesses who have grown lazy and abuse the masses(banks).

Be well!

I even had a thread asking why people keep asking why Bitcoin price go down when it will eventually go up, after a day or two, those who are worrying about the price are those who invest their life savings and those who loan funds in the hope that they can make a fast profit when the market condition improves, but Cryptocurrency market is very unpredictable, so better only what you can afford to lose.

[audaciousbeing]

There is nothing wrong in getting worried because for someone whose has invested alot in crypto not necessarily bitcoin would surely get worried knowing fully well the impact of the fall in the price of bitcoin would have on the entire market not to talk of those who then invest directly in bitcoin to those, more worry is allowed or a business that is adopting bitcoin for as a payment for its goods and service might be sinking in debt because at the time of sale bitcoin price was high which reduce sales price now that the price of bitcoin has crashed in relation to fiat, its time to restock and now the amount generated is not enough to buy stocks.

However, when you worry just remind yourself, what can you do about it? the moment you can answer that question, then you know the extent to which you can worry or just be ready to move on or probably improvise pending the price of bitcoin would recover to the delight of everyone.

[Shasha80]

I think most of people are investing in bitcoin for long-term. It means invest in a long-term stop worrying about the price and please be patient,
because bitcoin itself is the strongest coin up to currently. Since Bitcoin appears, it's never beaten by other coins. Bitcoin is very dominant in
the market and has a very high volume. Means there is nothing to worry about. I would argue who is worrying about bitcoin price is definitely
a newbie possibility. Because if you are not a newbie, you will be sure with bitcoin. The potential price of bitcoin to all time high in 2017 can be repeated,
and please stop worrying about the bitcoin price. Please have faith in Bitcoin.