Why is everyone expecting continuous growth?

[perfect999]

I think there was a moment when bitcoin and crypto was known as "OH MY GOD I BECAME MILLIONAIRE THANKS TO BITCOIN" era, and that wasn't a lie, some people went into bitcoin when it was few cents and they became millionaires, there are a lot of rich people who became rich because they spend few hundred on bitcoin at the right time, but that doesn't mean you will too.

A lot of people saw that, came in during 2017 and they saw the huge increase, and they imagined they would go in a bit and come out like a proper rich person. Of course, they were wrong and many of them lost money so they are bummed about it. They are still looking for bitcoin to continuously go up constantly without dropping so they can become rich like they imagined they would be, without learning that was a one time thing and they are too late.

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[Vod]

I think there was a moment when bitcoin and crypto was known as "OH MY GOD I BECAME MILLIONAIRE THANKS TO BITCOIN"

That's true - but it was just money.  I treated my windfall as any other and bought a house, or a vehicle, or whatever else.

I think the real measurement of a man is how they act after the windfall.  Do they continue on as normal, or do they realize they love money and try to scam as much as possible?

We should not treat people for how many coins they earned (or scammed like OG), but for how they act to others afterwards.

[ViralNation]

Continuous growth is possible with adoption.

look at coins like BSV, Creditcoin, Chainlink etc
as more users hop on and it becomes more used the price grows. Consdiering how small the crypto economy is , theres still room for basically infinite growth.

[DevilSlayer]

I think there was a moment when bitcoin and crypto was known as "OH MY GOD I BECAME MILLIONAIRE THANKS TO BITCOIN" era, and that wasn't a lie, some people went into bitcoin when it was few cents and they became millionaires, there are a lot of rich people who became rich because they spend few hundred on bitcoin at the right time, but that doesn't mean you will too.

A lot of people saw that, came in during 2017 and they saw the huge increase, and they imagined they would go in a bit and come out like a proper rich person. Of course, they were wrong and many of them lost money so they are bummed about it. They are still looking for bitcoin to continuously go up constantly without dropping so they can become rich like they imagined they would be, without learning that was a one time thing and they are too late.

Most of the people have now quick rich mindset because of the past people who became millionaire through having bitcoin. They always thinking that the price of bitcoin wil skyrocket again like what happened in the year 2017. They did not consider the trend of the bitcoin and that is the reason why they keep expecting continuous growth. This is the mindset that we should avoid if we want to make money in the market.

[fuguebtc]

they discuss the same thing not without reason, concern about the price of coins that will fall with the current situation. price growth is very expected. remember some people who enter or invest not in small amounts. You can say that because I'm sure that you didn't really enter or invest

[lienfaye]

Because they are only expecting the positive sides of their investment and not looking for the other consequences when the market turn down or if what they expect didnt happen.

Its not possible to see a market consistently soaring without correction, its part of the process so we have to understand that its the nature of crypto. Even in other investment opportunity there's always risk so we have to prepared always.

[Kurokonobasuke]

Nowadays the world are experiencing tremendous crisis in facing the COVID-19 and it has a huge effect on many things such as the stock market, so that in this moment the expectation of continuous growth are have been prejudice and we aren't expecting that thing, the only way to do is to wait until everything are recovered. But for now we don't need to pressure things and set expectations on something that we don't manipulate it.

[coin_1122]

Yes, we have seen this type of downfall from 2018 to till date, which many people afraid a lot previously that bitcoin will decrease its price below 1000$. Even now people are predicting the price of Bitcoin will go below 2000$ and this makes many people panic about the current situation, but people should understand it is an opportunity to grab the Bitcoin at low value.

That's hilarious.!! I mean in which point people think like that. Who are those people actually..? I heard/saw sometimes too but they never explain properly why they think like that. I think they are just attention seeker nothing else and my advise will be stay away from those people. Everyone knows that crypto/btc market is much sensitive than other marketplace but crypto or btc ain't created for gone it's created because people need that for good and it'll survive in bad situation like others currency do.

Normal people, regular people? If you look at the scene, people are people (and even I admit I am a regular guy) and the thing with regular people like us is we all have our limits of logic. When things get bad, we think worse, it's psychological. IF 6k is the price, we think 5k is possible. If 3.8k is the price, we think 1k is possible, why not?

It is an indication of the people who have different views about the market and also people will always think negative way, which might hurt them even more. In most of the cases, our prediction will always prove us wrong, that's why a trader will always think continuous growth.

[Negotiation]

In doing business we are always better off doing small business within our own control Everything else hurts us The fire is on the front You need to think positively excluding negative ideas. When will the price of something go up and down no one can say That's why we should all expect consistent growth in our business.

[Hippocrypto]

In doing business we are always better off doing small business within our own control Everything else hurts us The fire is on the front You need to think positively excluding negative ideas. When will the price of something go up and down no one can say That's why we should all expect consistent growth in our business.

In every business, nobody would aim for a downturn of their investments because that's the motivations of every business establishment to compete in the market. Continues growth must subside so that the value of each crypto commodities will abundantly achieve the greatest price. With this consideration, holding an asset while most coins goes down is a perfect choice while it's not yet recovering.

[lixer]

Yup that's one thing I have noticed about people here, not only here, including other places; people always want the price of Bitcoin to go up and not down. This makes me wonder whether those people really took their time to read about Bitcoin and understand how it works and everything about it.

Saying that the price should be going up steadily is not right, such cannot happen, even gold doesn't go up forever, there are times it crashes; and not just gold but other assets/stocks like silver, Dow Jones, diamonds, etc. So, Bitcoin is not going to be anything different, the only thing with Bitcoin is that it is volatile and that's because it is still new, and I believe within few years it will stabilize.

[coinfinger]

I think there was a moment when bitcoin and crypto was known as "OH MY GOD I BECAME MILLIONAIRE THANKS TO BITCOIN" era, and that wasn't a lie, some people went into bitcoin when it was few cents and they became millionaires, there are a lot of rich people who became rich because they spend few hundred on bitcoin at the right time, but that doesn't mean you will too.

A lot of people saw that, came in during 2017 and they saw the huge increase, and they imagined they would go in a bit and come out like a proper rich person. Of course, they were wrong and many of them lost money so they are bummed about it. They are still looking for bitcoin to continuously go up constantly without dropping so they can become rich like they imagined they would be, without learning that was a one time thing and they are too late.

People who expected a growth became right once again, you may not have a continuous growth but you will always have some growth in bitcoin, look at what has happened just recently, we have probably doubled (almost) in profits once again. What was the lowest level where bitcoin dropped during this period?

Something around 3630ish, of course give or take some from exchange to exchange, there could be some lower or some higher but it was around that level, sure it didn't stayed too long but if you had a buy order you wouldn't need to be active during that period and your order would have been executed, lets say 3650 to be more precise. What is the double of that? Around 7300 dollars, where are we right now? Around 6940, that is literally 350 dollars short of doubling up, and I am sure we will reach there as well very soon.

[bitcoin31]

Yup that's one thing I have noticed about people here, not only here, including other places; people always want the price of Bitcoin to go up and not down. This makes me wonder whether those people really took their time to read about Bitcoin and understand how it works and everything about it.

Saying that the price should be going up steadily is not right, such cannot happen, even gold doesn't go up forever, there are times it crashes; and not just gold but other assets/stocks like silver, Dow Jones, diamonds, etc. So, Bitcoin is not going to be anything different, the only thing with Bitcoin is that it is volatile and that's because it is still new, and I believe within few years it will stabilize.

People wants to see the price of the coins always rising because if that hsppening the money they get are huge.
Not all the time market are pumpinh becaude ofcourse people needs money so they are selling they have. Every coin or every investment are needs to down because it is a test if how it's stronger it is.

[maxig.boroday]

Just like internet or technology, it didnt have a fast adoption so cryptocurrency or blockchain wills urely continue to grow

[South Park]

I think there was a moment when bitcoin and crypto was known as "OH MY GOD I BECAME MILLIONAIRE THANKS TO BITCOIN" era, and that wasn't a lie, some people went into bitcoin when it was few cents and they became millionaires, there are a lot of rich people who became rich because they spend few hundred on bitcoin at the right time, but that doesn't mean you will too.

A lot of people saw that, came in during 2017 and they saw the huge increase, and they imagined they would go in a bit and come out like a proper rich person. Of course, they were wrong and many of them lost money so they are bummed about it. They are still looking for bitcoin to continuously go up constantly without dropping so they can become rich like they imagined they would be, without learning that was a one time thing and they are too late.

While you are right in your statements I do not think the era in which you could become rich with bitcoin is over, the difference is that now you actually need some capital and you need to wait for a longer period of time, just recently bitcoin dropped below 4k, is it really that difficult to imagine that bitcoin could go up in value 10x and reach 40k during the next decade? To me it is a given that will happen at some point during that time frame which means that anyone that invested a significant amount of capital could easily get enormous returns by just holding their coins.

[Sanugarid]

I think there was a moment when bitcoin and crypto was known as "OH MY GOD I BECAME MILLIONAIRE THANKS TO BITCOIN" era, and that wasn't a lie, some people went into bitcoin when it was few cents and they became millionaires, there are a lot of rich people who became rich because they spend few hundred on bitcoin at the right time, but that doesn't mean you will too.

A lot of people saw that, came in during 2017 and they saw the huge increase, and they imagined they would go in a bit and come out like a proper rich person. Of course, they were wrong and many of them lost money so they are bummed about it. They are still looking for bitcoin to continuously go up constantly without dropping so they can become rich like they imagined they would be, without learning that was a one time thing and they are too late.

While you are right in your statements I do not think the era in which you could become rich with bitcoin is over, the difference is that now you actually need some capital and you need to wait for a longer period of time, just recently bitcoin dropped below 4k, is it really that difficult to imagine that bitcoin could go up in value 10x and reach 40k during the next decade? To me it is a given that will happen at some point during that time frame which means that anyone that invested a significant amount of capital could easily get enormous returns by just holding their coins.

Well we can't prevent anyone from thinking and expecting that bitcoin would come to moon since it already got there once way back in 2017, let us just wait for them to realize how things can't speed up and plans should be made. I don't remember seeing bitcoin below $4K this year, where did you get this info? Or you just might mistaken converted it to your local currency, however if bitcoin will fall way lower than $6K and let us say that $4K then it will be a blast for bitcoin because every one speculates at that range to be the start of bull run.

[LbtalkL]

Who does not want continuous growth? Everyone hope for it to happen continuous growth means continuous profit, As simple as that, It is normal for crypto to go down or up, Traders cannot gain profit if there is no change in price. Last Bullrun if I am not mistaken there is continuous growth for 3 months correct me if I'm wrong and then it went down again that is how crypto trading works.

[thesmallgod]

That is because they want consistent profit and not going back to the drawing board. Also when bitcoin grow continuous, it give hope and bring about media attention that might makes more people to start investing in crypto. This is the reason why no one want the price to fall because when it happens, the result is bad

[Kelvinid]

That is because they want consistent profit and not going back to the drawing board. Also when bitcoin grow continuous, it give hope and bring about media attention that might makes more people to start investing in crypto. This is the reason why no one want the price to fall because when it happens, the result is bad

Because in our mindset we think that the market will never end but have to keep soaring high as what it is shown by its market history since from the start.
From $1 to what it has today, it is already in a big jump every year. Last 2017, it is the highest peak of crypto and it hit the market that caught a global attention and that thing makes people think that crypto especially Bitcoin is a good investment than of real stock market.

[hahay]

I think there is no harm in expecting continuous growth because it can be a trigger for our enthusiasm and will remain confident to buy and also, when they realize that the decline is real and will definitely happen then at least they don't really only look at one side, because in reality they are also still accepting the decline and not being panic selling is proof if they have a broad view that believes prices will surely recover.