Stop Worrying about the Bitcoin Price

[AniviaBtc]

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!

I got the ideals of bitcoin that this is not a race or competition to get more btc. Each and every one of us need to accept that there is always a change in bitcoin. Nothing is permanent but change. Patience is always the key to success. To those holders, just wait for the time that bitcoin will rise again. Continue to hold and the comeback is greater.

[Bitcoininvestment]

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!

In this world, there are no permanent but all i can say that there is a space for the word changes. Everything in this world undergo with changes stages even though physically, mentally and other things with changes. Bitcoin is a cryptocurrency that is suits for changes. It maybe high for now or get low once. We can't say the actual state of the bitcoin because it maybe affected by the other things that has an effect with the state of bitcoin.

[Lizzylove1]

Although we are advised that bitcoin shouldn't be seen a get rich quickly scheme, it's however turning many rich and lifting them from the poverty zone and self sufficiency at a faster time than first thought. We it's important to concentrate on the technology and never to take off eyes on the economic rewards.

[serjent05]

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.

Indeed and its fun to "guess"  what would be the next move of bitcoin price trends according to our own valuation with or without the knowledge of Technical analysis.

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.

Are you talking about the upcoming halving? It would be one of the bigger catalyst to move Bitcoin price upward.

Although we are advised that bitcoin shouldn't be seen a get rich quickly scheme, it's however turning many rich and lifting them from the poverty zone and self sufficiency at a faster time than first thought. We it's important to concentrate on the technology and never to take off eyes on the economic rewards.

And  those who participate in Bitcoin market with that ideal in mind (ger rich scheme) during the peak of 2017 sold out everything to buy Bitcoin thinking  that in short time they will recover what they sold with profit but later found out they were trapped.  Yes, there are those who profited from Bitcoin but equilibrium always strike, if one got rich, one or more  became poor.  So bear in mind that going inside the Bitcoin market without any knowledge of it is futile.

[zetto1979]

I think your right, the word to have in mind here is "change".

People were fond of stone tablets and animal skins for writing until the traditional paper we all know was developed. Paper was good, but handwriting books were tiresome and weary. The printshop was then invented. Same for cars, trains, the Internet...every major change brings new challenges to the table. Bitcoin is more than just money, it´s the idea behind it that gives it value. (and the banks, of course, are the ones getting challenged this time)

[jakelyson]

For investors and hodlers, it is forgivable if they only check bitcoin price every once in a while. They are thinking long term and the short term changes in price do not affect them.

But for traders, it is natural to be concern about the price of bitcoin and to be aware of events that could drastically affect it. It is their source of income and it is just right that they should be vigilant in watching price movements.

We are not worried about the price, it has become our habit to watch the price of the bitcoin every day.

This is true. In my case, it became a habit for me to check coinmarketcap whenever I read a topic about bitcoin price. Weird, but true.

[Oceat]

Although we are advised that bitcoin shouldn't be seen a get rich quickly scheme, it's however turning many rich and lifting them from the poverty zone and self sufficiency at a faster time than first thought. We it's important to concentrate on the technology and never to take off eyes on the economic rewards.

Some people still thinks that investing in Bitcoin will give them the profit that they thought could change everything. Little they do know that it's not that easy as what they have thought. Bitcoin is beyond to what people are thinking about it, there's more to it than simply as an investment.

[alexsandria]

That's the problem with those people that were get attracted by bitcoin in the bull run.  They got curious in bitcoin just because they taught it is just a rich scheme were you can be a millionaire in a night which is not true because patience is a virtue here. But I think that it is just normal to check the price of bitcoin because it is your job to monitor it so that you can do the necessary actions. The only problem is when you are always worried about it that overthinking come to you.

[kryptqnick]

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!

I think that if the point is that people should stop worrying about the price since the aim of Bitcoin is not to make people rich fast, but to show how money is possible without the abusive authorities, then we should not be talking about trading and technical analysis at all. I believe so because trading and TA return us to the topic of price, fluctuations and fast as well as long-term financial profit. If Bitcoin is mainly about the new way of generating, storing and transacting, then, like some members of Bitcointalk like to say, 1 BTC = 1 BTC. It's a stable system, it does not matter how much BTC is worth is filthy fiat and all that. However, it's really hard to keep that attitude, since even when retailers accept Bitcoin, they set the prices in fiat and then adjust the prices in BTC according to its fiat value.

[aysg76]

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.........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).
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You explained the benefits of Bitcoin and why it is investment worth doing. But the question is, are they enough?
You said owing Bitcoin is like roller-coaster ride which is affected by whales & politics. But these two forces are too strong to allow any organic market for Bitcoin to develop. Currently Bitcoin is only 9 years old, doesn't have much history and still getting its recognition among people. But what if these up/down is prices continue for next 5-10 years too? Will people consider Bitcoin to be serious investment? Well, I personally won't like my investment to get doubled every second year and then fall by 80% the very next year.
So too increase stability in market (which is much needed), we need more people to enter the market and adoption to be increased by at least 800-900% from here.

[shield132]

OP at first I want to mention that bitcoin isn't first cryptocurrency like you said, there were some ideas in past too, bitcoin just succeed and in this, yeah, it was first.
But at the same time there are some reasons to worry about bitcoin's price cause it's far from the way we would wish at the moment and everyone knows that every further fall leads to a worse state which will be hard to overcome. It's very boring to fight to rise from 9k all over again for months, one good rise would be an escape here.

[FlamingFingers]

Looking at bitcoin price almost every minutes is a nob or a first time bitcoin investors thing that they can't do without,  almost everyone did it when introduced to crypto,  someone who has been in the game for a long time will not be so bothered about the price movements,  instead he or she will focus on long term and forget about constantly checking the price

[RivAngE]

Be long enough in this market and you'll eventually stop caring!
But the more money you've thrown in Bitcoin, the harder it gets to not peek at the price every day!

I remember how I used to spend hours looking at the stock market when I had first started investing!

[desticy]

People who invested in Bitcoin in the hope of making a relatively quick profit are not so easy to take and stop worrying about the price of Bitcoin.
Many of them, especially those who hastened to buy or sold ahead of time, have a primary need for profit, which means they will be worried in any scenario due to fluctuations in the price of bitcoin.
People who are not worried about the price are bitcoin holders who continue to accumulate its quantity in their wallets in various ways.

[jossiel]

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.

I can relate to your story. Prolly every holder do this from time to time when we're not confident about the current price or when we're excited to see on how high the price moves currently. Patience is a must if someone decides to be a holder.

This is the attitude that I've improved to myself. Without which, you can't survive this market's fluctuation.

[rodel caling]

We can't avoid stop worrying bitcoin price, but yes I agree this new technology of digital money isn't a away to become a quick rich, we face a lot of struggle and patience and most especially hard work before to achieve our goal in this kind of investment, but I understand if the holder are full of understanding they know the step their every decision as holder. During the price is goes drops.

[crzy]

I definitely agree that we should focus more on adoption and the improvement of the technology. Price will affect our judgement, so, lets stay out of those and be a long term investor. Bitcoin is a system which is built by geniuses/genius.

A system that will last for good, bitcoin is really different from other financial institution and the price will grow more if there’s more improvements. Stop worrying, you might lose money from the dump but soon it will recover. There are some speculations that at the end of the year bitcoin will be high again, and I believe on that.

[Kasabus]

I definitely agree that we should focus more on adoption and the improvement of the technology. Price will affect our judgement, so, lets stay out of those and be a long term investor. Bitcoin is a system which is built by geniuses/genius.

A system that will last for good, bitcoin is really different from other financial institution and the price will grow more if there’s more improvements. Stop worrying, you might lose money from the dump but soon it will recover. There are some speculations that at the end of the year bitcoin will be high again, and I believe on that.

It might be high again but it will not reach a new ATH.
Currently at the price of $8K, its already high compared to the cheapest price this year, that's over 100% increase already and that is significant.
Of course we are expecting to see a bigger price but let change our mindset, instead expect it through a period of time like a long term.

Bitcoin has been in many struggles but it did survive, so I don't think the current situation now should make us worry.

[Ailmand]

If you believe the potential of bitcoin in a long-term view the current price will not worry you. When I first got into bitcoin I thought it was an easy way to get quick cash. There were even times that I look at the price from time to time and it was not healthy and it is very stressful, it consumed a lot of my time. But then, I learned to believe in bitcoin and it's potential long term. Now, I invest whenever I find the price cheap and intend to hold it because I see bitcoin as a long-term currency and it will be adopted and used by the mass in the future.

[Kyraishi]

You have a good vision and values when it comes to Bitcoin and you see it as something a lot more long term and not a get rich scheme, which I do admire in other BTC supporters.

It's hard for everyone to have that sort of mindset though, people get really anxious when they realise that their investment and their money has gone down overnight.

Best advice I can give, is just relax and play the long game, you'll come up on top.