Stop Worrying about the Bitcoin Price

[hulla]

When I first invested in bitcoin, after a while I looked at how much the price was trading. Then after a few months, I realized that there was no profit in seeing the price fluctuations. Then I realized that, if I want to get big money from this investment then I have to be very patient.

patience is the key to success, my experience is patience will pay off but don't forget we must learn before investing.

Speaking of patience which is the key to success. Only 15% of all crypto traders and investors have the required patience needed to thrive in the crypto market but inexperience and checking the market price from time to time were the major things that make people worry about the price of the bitcoin market.

[gabbie2010]

When I first invested in bitcoin, after a while I looked at how much the price was trading. Then after a few months, I realized that there was no profit in seeing the price fluctuations. Then I realized that, if I want to get big money from this investment then I have to be very patient.

patience is the key to success, my experience is patience will pay off but don't forget we must learn before investing.

Speaking of patience which is the key to success. Only 15% of all crypto traders and investors have the required patience needed to thrive in the crypto market but inexperience and checking the market price from time to time were the major things that make people worry about the price of the bitcoin market.

Fear and panic makes people to check their bitcoin from time to time having forgotten that bitcoin is a long term investment that requires patience and persevere if early hodlers could wait for that so long and in 2017 their patience paid off when bitcoin reach all time high price at $20K I don't see any reason to worry with my own btc rather than watch its price action.

[Magkirap]

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!

One thing we should remember is that Bitcoin isn't like other normal currency it was quite complicated. There were times that it was on high and there were times that it goes down hardly, it is being affected by trading obviously and there were whales who are manipulating the price. What we need to be is to become aware about its volatility and consider that it is a normal currency but a currrency that will give you profit in a single time or on the other hand can make your funds loss.

[Hypnosis00]

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!

One thing we should remember is that Bitcoin isn't like other normal currency it was quite complicated. There were times that it was on high and there were times that it goes down hardly, it is being affected by trading obviously and there were whales who are manipulating the price. What we need to be is to become aware about its volatility and consider that it is a normal currency but a currrency that will give you profit in a single time or on the other hand can make your funds loss.

That is one of Bitcoin's features, no wonder how it normally affects us but people had already adopted such changes and learn something of it. A strong market holder and traders won't just easily give-up and think of negative but rather to keep holds because they believe that Bitcoin will gain more supporters that could help to uplift its price.

[Ressurection]

It has never been on my to do list not to mention worry list lmtao

[cr1776]

.... Many of the people worrying don't know the basics of TA. ...

And they are better off not knowing about TA since it is a bunch of subjective mumbo-jumbo anyway.

[hypersonic1]

I'm loving the responses. While paying attention to the price isn't healthy. speculating on it seems to be like selling shovels in a mining camp.

[Digitalbitcoin]

I'm loving the responses. While paying attention to the price isn't healthy. speculating on it seems to be like selling shovels in a mining camp.

Bitcoin may be taking time to move as price volatility is near to about 5 months low. Bitcoin price has crossed $800 resistance. So the current price of
Bitcoin’s indicates bullish sentiment while revealing deflated volatility among cryptomarket. Because price of Bitcoin majorly impacts other cryptocurrencies in fiat as well as price evaluated against Bitcoin.

[jakoylantern]

Yes, stop worrying too much about the bitcoin price, especially if you're a low-class user only because you can't do anything to make a considerable effect about bitcoin's value. Also, don't worry too much bitcoin is not the only cryptocurrency that you can invest in or earn some money there are so many things that you can do.  But if you are a whale/ holding a massive volume of bitcoin, you have a chance to change bitcoin's price. Worrying/ thinking too much can lead you to panic, sell all your cryptos, just relax, and do your analysis very thoroughly.

[owengtam09]

I am not worried about the price of bitcoin, actually, it is also an advantage for us that the price of bitcoin is not stable because we can earn from it as long as we know how to analyze. Huge investors take these advantages so that they can earn a lot from that. I am also a victim of panic selling before but after all, I've already learned from it. Worrying too much can lead us lots of loses.

[bitzizzix]

Concern or panic occurs for those who invest in the short term, because they are not accustomed and can't wait for bitcoin to go up and only to get a little profit.
and I think long-term investment in bitcoin is the most effective option because there will be no worries or panic when bitcoin goes down and they are just waiting for the highest bitcoin price increase to get big profits despite the long wait.

[barbara44]

Yes, we have so many people that worries a lot about the price of cryptocurrency and I think that the reason why they worry that much is because they are still yet to understand the volatile nature of bitcoin or they have still not gotten over the last opportunity that most of them missed in that last all-time high, either by not investing rightly or buying at peak period, it is because you have had the thorough knowledge of bitcoin that you could actually avoid investing during peak period.

If people could see bitcoin beyond just pump and dump coin, or just investment coin, they will learn to surely understand the bitcoin price movement which will definitely reduce the worries they do have about price of the coin and they will be more focused on the technology.

[Shasha80]

Concern or panic occurs for those who invest in the short term, because they are not accustomed and can't wait for bitcoin to go up and only to get a little profit.
and I think long-term investment in bitcoin is the most effective option because there will be no worries or panic when bitcoin goes down and they are just waiting for the highest bitcoin price increase to get big profits despite the long wait.

Strongly agree with your opinion about people who used to make short-term investments will be more panicked and stressed out
with bitcoin price changes, in contrast to people who make long-term investments are more able to control their emotions and can
be calm because you are not too affected by price changes that are so fast. Because just waiting for bitcoin reach the target sell and
take profit. Hopefully we can all can think smart by making long-term investments in bitcoin is best choice for obtain big profit.

[malikusama]

Well addressed. This should be taught to every new comer that getting rich is not what bitcoin is designed for. The main thing is financial system, the system where the power is distributed among public instead of a single authority which can control it according to their needs.
If you thoroughly study bitcoin and it's background then you will came to know that this concept is priceless.

[Bitcoin ShitList]

Well addressed. This should be taught to every new comer that getting rich is not what bitcoin is designed for. The main thing is financial system, the system where the power is distributed among public instead of a single authority which can control it according to their needs.
If you thoroughly study bitcoin and it's background then you will came to know that this concept is priceless.

Yea.
 Every newbie thinks that they will become rich overnight by investing in Bitcoin, forgetting that success doesn't come without challenges.
 A lot of them should understand that there will be hurdles and challenges, before they dive in

[Machine Funk]

Well addressed. This should be taught to every new comer that getting rich is not what bitcoin is designed for. The main thing is financial system, the system where the power is distributed among public instead of a single authority which can control it according to their needs.
If you thoroughly study bitcoin and it's background then you will came to know that this concept is priceless.

Yea.
 Every newbie thinks that they will become rich overnight by investing in Bitcoin, forgetting that success doesn't come without challenges.
 A lot of them should understand that there will be hurdles and challenges, before they dive in

This is the thing that people do that makes them lose so much money and the thinking they use investing in ICO. They think it will just make them rich hand the idea will be born overnight and the project will be 100% working in weeks. It takes much longer and so much time. Do not invest if you cannot believe what you investing in. Sometimes I wonder if people even know what they are investing in. 

[Asmonist]

Exactly, I agree. Once you've invested on it you tend to bargain everything. Just leave it for awhile. We must not worry about the price because there's only two chances, to go high or to go low. Either of the two, we always hope for the highest price. Otherwise, we'll wait and/or buy more of it.

[shoreno]

Exactly, I agree. Once you've invested on it you tend to bargain everything. Just leave it for awhile. We must not worry about the price because there's only two chances, to go high or to go low. Either of the two, we always hope for the highest price. Otherwise, we'll wait and/or buy more of it.

For 10 years, we should be confident enough now, we should not worry if it is scam or not, the price of Bitcoin will really depend on market condition, and we have no control of it, but, one thing is for sure, it will rise over time as the demand continuously increasing, it may not be the year of Bitcoin for the new ATH, but will definitely create history again.

10 year is long and enough to be confident on btc but there is only one problem that people still doubt about , yes your right , its the price because its not stable . its not about the demand because people here do also come for the profit which they also sold their coins as much as they hodl it. .  worrying is fine but dont get overboard as it not good for your health  .  

[ufaiz50]

Because the market is influenced by large holders, including those who influence. I agree with you that if we buy bitcoin or invest crypto many things will come without our control. Considering this is a high risk, it is better not to worry about prices and more to worry about how you can survive in the crypto market.

[senne]

First of all Bitcoin is not just a Speculative asset. It is much more than its price. World is going through the political unrest. From Hong Kong to Argentina, the situation is getting worse. Currencies are being inflated. We might be heading towards a global recession which could hit us in 1-2 years. This shows that we need an alternative asset class to secure our funds in such situation. Though Bitcoin isn't that big to be an alternative and it might suffer as well in case of global recession. but it will put people into thinking that what Bitcoin was originated for and how it solves the problem that inflated and centralized currencies go through.