BEEN IN THIS GAME FOR 6 YEARS

[DaftAjax]

I'm also involved in Bitcoin from 2013 and since then Bitcoin went through different phases, many hard and good times. That is why it's funny for me to see people panicking becuse of few hundred dollars that price went down. Bitcoin has its own cycle that will always follow, don't forget that.

Easy. That's because you've known Bitcoin since 2013. I'm guessing, it has become a norm for you now, and wouldn't panic, flinch whenever Bitcoin's price drops for a few hundred. But then again, as I said, you've known Bitcoin for a long time, which also means you have Bitcoin since 2013. If my assumptions are correct, if I would be in the same shoes as you are, even this would be funny for me. Because compared to the price of 2013 to 2019(?) is a very big discrepancy, hence if I bought Bitcoin then--I have nothing to lose now, even it drops like $3000 I would still have profits. It's unlikely that Bitcoin will drop at $500. But for people who have known Bitcoin for months or even a year or two, they would still feel anxious and unsure about what to do. Not that they're inexeperience or anything but, they bought Bitcoin as it is now (believe me people do that).

True, experience is always  the best teacher.

I would argue on that. Experience isn't ALWAYS the best teacher, don't get me wrong it is the BEST teacher, but not ALWAYS. Why you asked(?) Because experience gives different impressions to different people, e.g. Gambler A, place a bet of halves (halving) of what he has (let's say his spare coins). Then Gambler B, place a bet of quarters (also halving but in quarters) instead. Gambler A won and gained 50%, while Gambler B only won 25%. So, Gambler B tried to bet half of what he has, but he lost--in the end, he lose 50%. While Gambler A bet for a 25% this time and also lost, but he only loses 25%--in the end, he still gained 25%. So if Gambler B sticks to his strategy he wouldn't have lost--a win-lose of 25% will be a stalemate. While Gambler A played for a safer strategy, after winning 50% only use 25% for a stalemate just in case.

So next time I think Gambler A will stick to his strategy and Gambler B will be undecided.

[Gozie51]

People are skeptical during early years about Bitcoin and crypto even until now. We can't blame them not getting involve because of the high risk involve and yet it is. Crypto market offers valuable opportunities but traders have to be more educated and study the ecosystem very well to help lower the risk, with proper analysis the higher chance you will succeed.

The truth about risk is that, many people wouldn't take it even if it is a physical goods that is rumoured to increase as a result of scarcity, those people just want a normal, usual and determined process and outcomes. More like a flag that would accept more or less, the circumstances as it comes.
In the case of bitcoin, I think it is not risk but fear and lack of knowledge. They fear of investing in what they can't hold nor the physical address of the second party.

[Clement Kaliyar]

Yes, it is risky but it still serves its purpose and will so more in the long run, it's just not easy to convince those who are not willing to risk.

If people find it beneficial then they will invest in it and you cannot someone who are not interested in a market and more over it is not that easy to make someone who has no experience in the forex or stock market to make them understand how the market works, i am in this market for a while and i have seen the ups and downs in the market and i never had a loss in this market and i had the opportunity to invest when the price was really low compared to the current valuation.

[darkangel11]

-I'll pay with Bitcoin.
-What?
-The currency of the future!
-Great, come back in the future!

I've been there, laughed at, treated like a snake oil peddler. Then 2 years later the same people were messaging me. -Hey, where did you bitcoin, which wallet should I choose?

A year later.

Hey, do you have some Bitcoin for sale? I'll buy from you!

[Eugenar]

Yes, it is risky but it still serves its purpose and will so more in the long run, it's just not easy to convince those who are not willing to risk.

If people find it beneficial then they will invest in it and you cannot someone who are not interested in a market and more over it is not that easy to make someone who has no experience in the forex or stock market to make them understand how the market works, i am in this market for a while and i have seen the ups and downs in the market and i never had a loss in this market and i had the opportunity to invest when the price was really low compared to the current valuation.

If a person really wants to learn how to trade in any exchanges, we are now in a world where most of the knowledge can be obtained and learned through surfing the internet. I want to share my experience in trading. Before, I am depositing small amount of money to an exchange just for the sake of trying it. The more I spend small deposit, the more I can see the loss of my profit. As time passes by, my experience thought me allot of things about trading. We just need a head start or simple knowledge and the rest will be discovered by ourselves.

[TitanGEL]

Perfect market doesn't exist. Bitcoin will not forever will go bullish. There is a cycle that all of us should understand. Also take note that do not believe to the prediction of other people because it just a pure hunch and hope. It is better we will focus on price movement of the bitcoin than to believe to the fake gurus.

[coinfinger]

You are very lucky to have been in the game for so long, i have been in it for 2,5 to 3 years. I got in it just before the bull market started but i did not rush in it unfortunately so I did not make a lot of money out of it. I wish i would have started my research 6 months earlier.

You are not the only one that regrets not taking bitcoin more seriously from the beginning, if I knew the same that I know now about trading and investing before the bull market of 2017 happened then my profits will be significantly higher than what they are now but there is no point in thinking about it because there is nothing we can do to change it, what you can do is to try to learn as much as possible about those two topics before the next bull run comes.

That is good advice, there is no point stressing our self on what we cannot change, we cannot even change the hands of time which I know that many of us would have been capable of trying to do that if we can. There are a still lot of prices that is still very cheap for us to buy, and this price now is really even cheap that we can buy as many as possible because in future, the story then would also be what he said.

Many people that are not purchasing now would be regretting not doing so because they also don’t know the price would grow as much as it grew then, so in a way not to join them in talking about mistakes again then, it is better we buy bitcoin and just hold it till future no matter how small the quantity may be, it will still be there for us in future.

[AicecreaME]

Perfect market doesn't exist. Bitcoin will not forever will go bullish. There is a cycle that all of us should understand. Also take note that do not believe to the prediction of other people because it just a pure hunch and hope. It is better we will focus on price movement of the bitcoin than to believe to the fake gurus.

People that just got into the world of cryptocurrency are mostly confuse about what is happening in the market, they just adopted the hype but never the cryptocurrency itself, that is why they are expecting that they will always get profits as long as they are continuing investing on it, so when the bearish market comes, they will start to runt and complains about bitcoin, like it is a scam, a fraud, and so on.

[kapalmabur]

There are many people right now who complain too much because the price of bitcoin is still down. They do not understand why is it happening, the price of bitcoin is below 200 moving average so it can be considered that it is still in bearish market where the selling pressure is really high and it makes sense that the price of the bitcoin is still cheap.

still need time for Bitcoin to be at a higher level than this, some experts have given a statement that Bitcoin will be like gold, and that makes Bitcoin very popular,
especially now that several state governments have also supported it, this will be an interesting storyline for Bitcoin

[Savemore]

There are many people right now who complain too much because the price of bitcoin is still down. They do not understand why is it happening, the price of bitcoin is below 200 moving average so it can be considered that it is still in bearish market where the selling pressure is really high and it makes sense that the price of the bitcoin is still cheap.

still need time for Bitcoin to be at a higher level than this, some experts have given a statement that Bitcoin will be like gold, and that makes Bitcoin very popular,
especially now that several state governments have also supported it, this will be an interesting storyline for Bitcoin

Bitcoin is good in terms of mode of payment. Like what you said, there are now government whonare favor to use bitcoin in their economy. There is a research about how will bitcoin can solve different economical problems.

[South Park]

Experience makes us more calm and rational. Smart in making decisions too.
I'm also involved in Bitcoin from 2013 and since then Bitcoin went through different phases, many hard and good times. That is why it's funny for me to see people panicking becuse of few hundred dollars that price went down. Bitcoin has its own cycle that will always follow, don't forget that.

This is a process we all have to go through, at the beginning we are inexperienced and we are very susceptible to the movements of the market, many aspirant traders never survive this particular phase and they lose their money and leave the market to never return, for the few traders that make it through then they learn that such huge and sudden movements in the price of bitcoin are simply part of it and if you can you should take advantage of them.

[Triffin]

Experience makes us more calm and rational. Smart in making decisions too.
I'm also involved in Bitcoin from 2013 and since then Bitcoin went through different phases, many hard and good times. That is why it's funny for me to see people panicking becuse of few hundred dollars that price went down. Bitcoin has its own cycle that will always follow, don't forget that.

This is a process we all have to go through, at the beginning we are inexperienced and we are very susceptible to the movements of the market, many aspirant traders never survive this particular phase and they lose their money and leave the market to never return, for the few traders that make it through then they learn that such huge and sudden movements in the price of bitcoin are simply part of it and if you can you should take advantage of them.

Instead of panicking, losing money and never returning to the market, I think the new users must need to get the opinions from their seniors as the old users know everything about bitcoin’s price and the old users will give them good suggestions for controlling the panic situation, with the time new users are introducing in the market so it is not good that they left the market just after their entrance.

[DaftAjax]

Instead of panicking, losing money and never returning to the market, I think the new users must need to get the opinions from their seniors as the old users know everything about bitcoin’s price and the old users will give them good suggestions for controlling the panic situation, with the time new users are introducing in the market so it is not good that they left the market just after their entrance.

OR these so-called "seniors" would lead you into a trap, take advantage out of you and get scammed at the end. Now, disclaimer, I don't mean to say that all of the "seniors" would act like that, in fact, many of them would try to give you advice and suggests certain topics for you to read and get familiar with. But nevertheless, scammers/swindlers also lurk in this forum--hence precaution is highly advised, don't trust anyone that easily.

Now on another note, when it comes to trading, gambling, etc. it's not really a good idea to copy methods of certain people, as they will not work every time or they only use these methods because they're comfortable doing it. You need to experience it yourself, I'm not saying you should intentionally lose what you have but try different things and see what's worked for you.

[smyslov]

Lot of people are making price predictions and many years ago I did as well.However, I stopped thinking in fiat and only thought about stacking stats. In the end we are part of a financial revolution much like Tesla in cars- uber in taxis.The financial market is in a recession when you have bankers, government official telling you we are doing great it's to cover up the truth.

I told some friends in 12/2015 that btc in few years will be 10 k . I am no market analyst I just based it on scarcity. Those same friends bought in 2017 and called me thinking I knew what the next target is and I told them shit, I got lucky I have no idea. Four years later  and now I am thinking scarcity again and 95k in a few years is my next prediction because why not we all love a number to gravitate to.

In 2016 saw a youtube video, and in there was a Chinese mining operator that did not speak english well  but would say just buy 1 BTC and many people laughed at him dunno if it was because of his accent or because he was a miner  promoting BTC. I thought about that back than and realized that 1 btc is attainable at 500 usd.

I would tell family and friends and got  a response like I will wait till it comes down.  If those people listened 1 year later would have profited well. Now I tell friends  .1 BTC  I  think for many that is attainable, now the response is did bitcoin not crash. My point is that I think if we educate fundamentals which is tough we might win some hearts.

There are still fear in their heart because Bitcoin portrays Bitcoin as an investment scheme like Ponzi scheme, and they have read a lot of reports about market crash, if they see the advantages outweighs the disadvantages they are going to will invest, but honestly I don't like people to come in because of the profit I want to understand the technology behind it, because they will get lose if they don't understand it.

[South Park]

This is a process we all have to go through, at the beginning we are inexperienced and we are very susceptible to the movements of the market, many aspirant traders never survive this particular phase and they lose their money and leave the market to never return, for the few traders that make it through then they learn that such huge and sudden movements in the price of bitcoin are simply part of it and if you can you should take advantage of them.

Instead of panicking, losing money and never returning to the market, I think the new users must need to get the opinions from their seniors as the old users know everything about bitcoin’s price and the old users will give them good suggestions for controlling the panic situation, with the time new users are introducing in the market so it is not good that they left the market just after their entrance.

But that is the thing, it is impossible to control yourself when you are panicking and it is why old users recommend to new traders to think very well before they make each trade because if they don't do it and the market begins to become adverse they will panic, and when you panic you take very bad decisions, and even more importantly you get to suffer the consequences of those decisions and when it comes to investing those consequences can last for years or even a lifetime.

[stepwilli]

--snip

Well you made a good prediction but what if the prediction you made now ends up not being accurate? I know that for sure the price of bitcoin will go up but I am only expecting the price to reach $50,000 during the next bull run, some even predicted as low as $30,000. We just don’t know what’s going to be, but one thing I know for sure is that after going up is still going to come down again, but the thing is I hope it doesn’t fall much.

I already bought some coins and saved them in my wallet for when the bull run comes. I bought bitcoin and I also bought stellar and a few other altcoins I believe are going to increase when the bull run comes. All the hype we have seen people make were all wrong, just like Bakkt and the rest of them. So, I’m thinking maybe December or around the time of halving. If it goes up December, then it might fall back after the halving.

[Getmon]

It is my lesson learned that in convincing people about Bitcoin you should not focus in the future. They will not be convinced about it. They are thinking about risk and what will happen to their money. Instead of your predictions which are not a guarantee nor even accurate, focus in the past. Let them see how Bitcoin is transforming into a billion dollar technology from a simple attempt to contribute to a little to change the world. Let them see how the $9,500 Bitcoin started from $0.00000.

[AliMan]

It is my lesson learned that in convincing people about Bitcoin you should not focus in the future. They will not be convinced about it. They are thinking about risk and what will happen to their money. Instead of your predictions which are not a guarantee nor even accurate, focus in the past. Let them see how Bitcoin is transforming into a billion dollar technology from a simple attempt to contribute to a little to change the world. Let them see how the $9,500 Bitcoin started from $0.00000.

So you're talking a brief history if bitcoin from zero to thousands, and now bouncing at $9K and above. In line to the scenario of convincing people, I guess it not important to exert an effort proving the importance of bitcoin for them, because it was just a waste of time. We need to treasure every moment for very important things, but for those non sense people who can't even listen for 1 minute, don't waste your time about it. Time will tell, and I think history prevails the truth over the latest price nowadays which could be more potential to reach a much profitable value in the near future.

[robelneo]

Lot of people are making price predictions and many years ago I did as well.However, I stopped thinking in fiat and only thought about stacking stats. In the end we are part of a financial revolution much like Tesla in cars- uber in taxis.The financial market is in a recession when you have bankers, government official telling you we are doing great it's to cover up the truth.

I told some friends in 12/2015 that btc in few years will be 10 k . I am no market analyst I just based it on scarcity. Those same friends bought in 2017 and called me thinking I knew what the next target is and I told them shit, I got lucky I have no idea. Four years later  and now I am thinking scarcity again and 95k in a few years is my next prediction because why not we all love a number to gravitate to.

In 2016 saw a youtube video, and in there was a Chinese mining operator that did not speak english well  but would say just buy 1 BTC and many people laughed at him dunno if it was because of his accent or because he was a miner  promoting BTC. I thought about that back than and realized that 1 btc is attainable at 500 usd.

I would tell family and friends and got  a response like I will wait till it comes down.  If those people listened 1 year later would have profited well. Now I tell friends  .1 BTC  I  think for many that is attainable, now the response is did bitcoin not crash. My point is that I think if we educate fundamentals which is tough we might win some hearts.

There's a lot of things happened in the last six years, we have seen and experienced the blast and  the lows of the price, I have the same experiences like yours I urge my friend to buy or get more satoshis as the price of Bitcoin back then was $600, I myself never thought that the price of Bitcoin will hit an all-time high of $20,000, the price of Bitcoin looks predictable that it will only go higher, but we do not know when this is going to happen and will the dominance remains in the future, all I know is we are moving in the right direction.

[cotton ball]

Lot of people are making price predictions and many years ago I did as well.However, I stopped thinking in fiat and only thought about stacking stats. In the end we are part of a financial revolution much like Tesla in cars- uber in taxis.The financial market is in a recession when you have bankers, government official telling you we are doing great it's to cover up the truth.

I told some friends in 12/2015 that btc in few years will be 10 k . I am no market analyst I just based it on scarcity. Those same friends bought in 2017 and called me thinking I knew what the next target is and I told them shit, I got lucky I have no idea. Four years later  and now I am thinking scarcity again and 95k in a few years is my next prediction because why not we all love a number to gravitate to.

In 2016 saw a youtube video, and in there was a Chinese mining operator that did not speak english well  but would say just buy 1 BTC and many people laughed at him dunno if it was because of his accent or because he was a miner  promoting BTC. I thought about that back than and realized that 1 btc is attainable at 500 usd.

I would tell family and friends and got  a response like I will wait till it comes down.  If those people listened 1 year later would have profited well. Now I tell friends  .1 BTC  I  think for many that is attainable, now the response is did bitcoin not crash. My point is that I think if we educate fundamentals which is tough we might win some hearts.

I can't trust with any one else have prediction with bitcoin with higher or lower price, last discussing about anonymous picture prediction with bitcoin price past October raise $16k but bitcoin only have price under $10k. How come you can trust with very miss prediction which bitcoin and altcoin price still down, I think we prediction based on bitcoin news update and how bitcoin chart.