Bitcoin current situation

[gundala]

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If you know bitcoin for 3-4 years you know we had many pumps/dumps even worst than this. For example, a few years ago after closing BitInstant, bitcoin stopped trading and the price fallen down like hell. some people sold their bitcoins for a real low price and lost too much money with selling too cheap. Everyone said bitcoin is over and here it is! Today you sell/buy it for 6K USD.
Sooner or later... Bitcoin price will rise and having one single bitcoin will be a dream for other people.

This is the importance of understanding what you will invest. Don't just be influenced by FOMO and investment invitations that bitcoin can bring in a profit, then you join without adapting first. That is very fatal. Moreover, the cryptocurrency market is very dynamic.

Experience and strategy are needed. Not just relying on feelings, it will increase the risk.

[adzino]

Sorry, but those people you have mentioned on the second category deserves to suffer like this. Sounds too harsh, but that is the truth. They won't learn their lesson unless they make some good amount of losses. Once they see that their ambition of becoming rich over night by investing on crypto currencies have failed, they will stop and start thinking about long term.
And who makes risky investment by borrowing money from someone else? That next level stupidity.

[Stedsm]

It was a fancy for everyone during old days when all of us were having at least 1 BTC with us for sure. Today, it's next to impossible for many users to even buy it at its current low prices and they are waiting for a new low. Even if a new low will take place, that will only be for a few seconds in international markets and till you try to buy it for some discount, it'll slip out of your hands like sand. It's very hard these days to gain a nice amount of BTC on hands which was then, very much easily possible for everyone during the beginning days.

[xSkylarx]

Stick to the advice invest only the amount you can afford. Although bitcoin is a promising investment, you cannot eliminate the risk of the price falling. The market will eventually grow and recover, but the time span is uncertain. If you are investing a loaned money, the interest will only lessen the amount you can potentially earn. Buy in small chunks and accumulate than to go panic buying using a loan.

[luserbai]

To the people who invested in Bitcoin with loaned money, they don't deserve anything in my opinion. They are stupid and lazy af. Instead of doing something productive that will help them make sure money, they are risking it here in Bitcoin, just waiting and relaxing thinking that Bitcoin will moon the next day. Probably most of them cried when Bitcoin dump to $4,000.

There will always have a problem if the capital you use for investment came from borrowed money. Its investment there is always a risk and no way you can be sure you will earn money by holding a cetain currency.  You are not only risking other people's money but also the trust given to you by the owner of the money you borrowed.

Btc just a scam. Its nerver become a payment menthod . You can read more here:
https://[Suspicious link removed]/2UYCA0C
https://[Suspicious link removed]/2yxSrM0

[TheAndy500]

1. Some people invested with their own money and they are also thinking long-term (2-3
years or more)
2. But in the other hand some other people, unfortunately, using the money from
dad/mom/loan/... Also they want to get the profit in short term.

No matter which sector you choose for investment, always be in No.1 category. Those who
invest money from others will have a stress with them since fear of loss always make them
uneasy. Profit always come in the long run, those who look for shortcuts always end up
losing money. Be a HODLer not a day trader.

[crustycrab666]

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No matter which sector you choose for investment, always be in No.1 category. Those who invest money from others will have a stress with them since fear of loss always make them uneasy. Profit always come in the long run, those who look for shortcuts always end up losing money. Be a HODLer not a day trader.

It will provide psychological pressure because if the loss will definitely carry a heavier burden, return the loan and cover losses. You should use another strategy, do not force investing with a loan.

Investment is not something easy, especially in cryptocurrency. Do not try, especially if you do not understand this ecosystem well. Think logy, bitcoin does provide an opportunity but there are also risks that we must be prepared to face. Nothing is instant, it takes experience.

[KrisAlex18]

Created this topic for some bitcoin investors to read about the current situation, please read and share your comments with me.

These days many people are scared because they think lose their money with bitcoin because of the price falling down.
There are two kind of people in my own idea:
1. Some people invested with their own money and they are also thinking long-term (2-3 years or more)
2. But in the other hand some other people, unfortunately,  using the money from dad/mom/loan/... Also they want to get the profit in short term.
Please everyone be careful, when are you using other people's money, you will get stress and you panic real fast. obviously, in this case you lose your money and leave the crypto world while you say "crypto is unless/scam".
Many investors are recommending people to do to enter any project with the money they need, use the part of money you don't need it. So, even if you lose your money you won't be depressed
If you know bitcoin for 3-4 years you know we had many pumps/dumps even worst than this. For example, a few years ago after closing BitInstant, bitcoin stopped trading and the price fallen down like hell. some people sold their bitcoins for a real low price and lost too much money with selling too cheap. Everyone said bitcoin is over and here it is! Today you sell/buy it for 6K USD.
Sooner or later... Bitcoin price will rise and having one single bitcoin will be a dream for other people.

Indeed, there are still some people who depend on his parents, loaning on a big corporate thinking that even though he can't pay all the balance of his loan, there is his mother or father to help him, which is so embarassing in the part of you, you should be independent especially if you are already 18 and above. Make your own money so you will be able to invest more so if you get lost from investing then for sure you won't be bothered so much because the money that you have losy is yours and not loaned by someone else or even to your parents.

Always trust the bitcoin, we already experience such things like this and even worst like this but still, bitcoin survive, bitcoin and other crypyo currency are still here. Make some investments until the bitcoin is still dumping so you will be sure to make money when bull run happens.

[lienfaye]

Many think investing in bitcoin is a sure money, well not really because the market is really unpredictable. Though many earn from investing, many people lose as well because they cant stand seeing the price falling. So its better to invest what you can only afford to lose and dont ever use a borrowed money because you'll never know whats ahead. We can have a long bearish market and usually the reason why some investors chose to quit because they have no patience to wait longer. In my experience bitcoin is best for long term hodling, forget for a while the market and set when to take profit.

[Ulven]

I personally prefer long-term investment!!! But if you are having trouble fluctuating bitcoin prices, it will make you more greedy. In fact, you cannot gain enough experience to make you happy with your investments until after years have passed!!!
Always you must invest your own money and do not risk investing it all around allocating an amount that you can afford to lose.

[BTT4ME]

Re: Bitcoin current situation, it always depends on how much you've purchased versus how much you're planning to sell it later.

Aside from the current market trends in and out of crypto, notwithstanding the pandemic that's globally affecting everything, bitcoin may become a good bet right now (maybe 1/3 to 1/2 of your total disposable income to invest right now).

Also, I'd stay away from stable coins (maybe for the short term only), but not if the problems persist since fiat may actually lose value depending on the global circumstances that might happen sooner rather than later.

[Anonylz]

It is not advisable to do any investment with other people's money especially when you have no alternative means of paying them back, whether btc or other investment involves risk and taking the risk means you are ready to bare the consequences,
Best option is to invest your personal money no matter how little it is, what you can afford to lose, this way you don't have heart attack when things go unexpected,
Be your own boss and do what you feel is best and not what others say, btc is good investment depending on your angle.

[yazher]

Bitcoin is good for long term holding especially when you bought it at its lowest price this year and plan to hold it for the next 1-2 years. That would be enough time to assure your decent earnings with Bitcoin. base on its past history, the price will soon rise again to the $10,000 mark. that would be the time you choose whether you sold your BTC or wait for another big chance to occur which will likely the best thing to do if you are planning to hold it even longer. Also, you can do this, when the price is high sold your BTC and when it goes lower again, buyback with that money earlier. then repeat until you maximize your earnings.

[Sohyun Park]

Please everyone be careful, when are you using other people's money, you will get stress and you panic real fast. obviously, in this case you lose your money and leave the crypto world while you say "crypto is unless/scam".
Many investors are recommending people to do to enter any project with the money they need, use the part of money you don't need it. So, even if you lose your money you won't be depressed

Completely agree with this line. One more though want to add here. If you are not that ready to bet/risk your own money then do not take the risk to borrow funds. It is too depressing as you will be answerable to all those who lended you funds.

[michellee]

dont put all your money just give in 60% of your fund and the rest is your backup so that even the price is down you dont felt  any down emotion and much better use you own money to avoid doubt for investing

Exactly. That is what we need to do if we want to buy bitcoin. Don't use too big money if you are not ready with the risk because, with the bitcoin price volatility, I guess that will make you a panic moment to see the price will be up and down. We don't need to all in our money because that we cannot make another buy order if the price is down, and as what you suggest, we need to control the emotion in trading because we will meet another surprise moment. Make sure we can ready for anything that can happen.

[turkandjaydee]

The last price drop of the Bitcoin price is very reasonable. As many people have said that it's because of coronavirus pandemic.

The thing is we don't know until when this pandemic will last and the more it takes time, the more people will cash out their assets because they will need more cash.

And what I can conclude so far is people who are struggling with having cash currently will lose their opportunity if the bitcoin price will increase after this pandemic is over because they won't have much money to buyback bitcoin.

So I think it's still not good if you invest your money in Bitcoin even more than 20% right now. Don't gamble on this unclear situation yet and buy Bitcoin when the situation (coronavirus pandemic) is clearly getting better.
But this is pure based on fundamental analysis, not technical.

[billknight]

The last price drop of the Bitcoin price is very reasonable. As many people have said that it's because of coronavirus pandemic.

The thing is we don't know until when this pandemic will last and the more it takes time, the more people will cash out their assets because they will need more cash.

And what I can conclude so far is people who are struggling with having cash currently will lose their opportunity if the bitcoin price will increase after this pandemic is over because they won't have much money to buyback bitcoin.

So I think it's still not good if you invest your money in Bitcoin even more than 20% right now. Don't gamble on this unclear situation yet and buy Bitcoin when the situation (coronavirus pandemic) is clearly getting better.
But this is pure based on fundamental analysis, not technical.

Bitcoin has proven to be more stable than many stock market assets. At all times, in difficult economic situations, during crises, people have invested money in eternal values - gold, diamonds. Now such values include the oil. But oil prices are falling as the industry falls. The main advantage of gold and diamonds is that they take up little space, they are easy to store and transfer, gold and diamonds are hard to mine, and their mining costs a lot of money. Bitcoin also has all the qualities of gold and diamonds. It is hard to mine, easy to store and Bitcoin mining costs a lot of money, and the number of Bitcoins issued thanks the halving that will happen in May will only decrease. I think that Bitcoin is a reliable asset that will only grow in value in future.

[Leviathan.007]

Bitcoin has proven to be more stable than many stock market assets. At all times, in difficult economic situations, during crises, people have invested money in eternal values - gold, diamonds. Now such values include the oil. But oil prices are falling as the industry falls. The main advantage of gold and diamonds is that they take up little space, they are easy to store and transfer, gold and diamonds are hard to mine, and their mining costs a lot of money. Bitcoin also has all the qualities of gold and diamonds. It is hard to mine, easy to store and Bitcoin mining costs a lot of money, and the number of Bitcoins issued thanks the halving that will happen in May will only decrease. I think that Bitcoin is a reliable asset that will only grow in value in future.

Exactly that's what I wanted to say. during those days all markets just started drop down including stocks the only this could be called a "safe haven" was gold. However, comparing to the other similar markets BTC downtrend was just much better. I aw many people the bought bitcoins for 4-5K and now Imagine how much profit they will get out of it easily.

[Shasha80]

In my opinion the current bitcoin situation is quite good, it can be seen that prices are now rising to $ 7300. This is a good sign, meaningful
investors have started investing in bitcoin again. If this situation can continue to improve, I'm sure the halving that will occur next month
will be as predicted many people namely the price of bitcoin can again touch the price of all time high. But for me even though it didn't reach
the ATH price it didn't become problem, because I am a bitcoin holder for long-term. I buy bitcoin when the price is $ 4000, and I will hold it
for the next 3 years.

[matchi2011]

In my opinion the current bitcoin situation is quite good, it can be seen that prices are now rising to $ 7300. This is a good sign, meaningful
investors have started investing in bitcoin again. If this situation can continue to improve, I'm sure the halving that will occur next month
will be as predicted many people namely the price of bitcoin can again touch the price of all time high. But for me even though it didn't reach
the ATH price it didn't become problem, because I am a bitcoin holder for long-term. I buy bitcoin when the price is $ 4000, and I will hold it
for the next 3 years.

Good position that you have taken from that value, and with your intentions to keep holding your assets will bring you much higher benefits, knowing the past actions of bitcoin, halving brings good market movements. Though we are still experiencing problem with this ongoing corona effects, the market will soon to bounce up, when cure will be available the market sentiments will grow stronger.