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Author Topic: Is bitcoin truly moving forward?  (Read 1297 times)
Wesleyeric (OP)
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October 12, 2020, 09:22:39 AM
 #1

Sometimes I do notice that bitcoin experience some issues while increasing in value, Bitcoin have increased to $15,000 $20,00. Now we find bitcoin going low, Now I want us to understand no matter how dollar fall it can be as bitcoin, What is the solution of getting this solved?,if bitcoin is Depreciating in value let it not be much, because the falling of bitcoin really scare people away. Would you be happy if you purchase bitcoin worth $15,000 and in the next few months bitcoin is $5,000, would you be happy?. Let look into this and stop deceiving ourselves buy saying we are Investors, Gold investors don’t experience this at all, if bitcoin we go forward then we most know our stand.
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October 12, 2020, 10:36:10 AM
Merited by Oshosondy (1)
 #2

I'll start my reply with, Gold investors don't also feel the excitement of having your portfolio increased by astonished amount of percentage, bitcoin is a very volatile asset that's why you you see such price depreciation when it does occur although that doesn't mean it doesn't produced a similar result when it goes the other way (which is a positive increase in price).

Bitcoin has been the best performancing asset in the last decade and also is leading the chart on asset with the best recovery rate from the pandemic crashed that affected all market. Investors don't worry about the short term price movement of the market but anticipate of what the future holds. Therefore if truely you're an investor as you speak, you shouldn't be constantly monitoring the market, that's the duty of traders.

You are viewing the growth of bitcoin from the wrong angle as you're making your assumption based on its previous all time highs without considering where Bitcoin is coming from in regards to price gain. Few months back, bitcoin was trading at the lows of $3k but currently trading at $11,300+. The simple solution is to become an investor you speak of and let go of all the distractions of market movement.

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October 12, 2020, 10:51:10 AM
 #3

What is the solution of getting this solved?
I hope you know bitcoin is decentralized, there is nothing you can so than to not fomo, peipke that lack knowledge and experience are the ones that buy bitcoin when its price is increasing, but people that know more about bitcoin waiting until the price decrease. If you like it or not, bitcoin will reach all time high which will invalidate your comment. Ans, know that the note the adoption, the less in the volatility.

Would you be happy if you purchase bitcoin worth $15,000 and in the next few months bitcoin is $5,000, would you be happy?
It can happen to fomo, to be looking while the price depreciate from $15000 to $5000, I would have sold at $13000 or $14000 which I will consoder to be the support level, and if broken it can lead to sharp drop.

Let look into this and stop deceiving ourselves buy saying we are Investors, Gold investors don’t experience this at all, if bitcoin we go forward then we most know our stand.
Do not make fool of yourself to compare gold to bitcoin, bitcoin is more profitable if you get the market in the right way. I am a bitcoin investor and happen to buy bitcoin at $5100. With the current price I have gained more than to invest in gold.

If you are not fit, then do not invest than to discouraged people to invest while looking for profit.

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October 12, 2020, 12:08:50 PM
Merited by adzino (1)
 #4

Is bitcoin truly moving forward?
You seem to have confused the development of bitcoin with the price of bitcoin. Bitcoin is absolutely moving forward - regular new core releases, Lightning in development, Taproot and Schnorr on the horizon, etc.

Would you be happy if you purchase bitcoin worth $15,000 and in the next few months bitcoin is $5,000, would you be happy?.
Is my 1 bitcoin still worth 1 bitcoin, though? If bitcoin suddenly went on sale at $5,000 again, I'd definitely be happy to be able to buy more at such a discount.

Gold investors don’t experience this at all
10 years ago gold was $1,800. Now it is $1,900. Can't have the ups without the downs. If you want something that barely beats inflation, then sure, go for gold.
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October 12, 2020, 01:48:02 PM
 #5

See I do believe that you understand that the highs and the lows are both the part of the same coin. Most of the times it's a part of *demand and supply* , people are going to sell if they buy it, they will infact sell in during a pandemic or a situation which needs immediate attention. Therefore I think you are missing the whole point here.
The main part of bitcoins is the : Usage
If we see fluctuations in price every once in a while , it's not only a buying opportunity but at the same time, it's also a test of patience. Be patient, sell them later and for the meanwhile worry less about the price , but the usage. If you do think you cannot take a huge loss then keep trading or either encash them as soon as you receive them.

See the most important thing is : freedom, you can do whatever you want with your bitcoins now. It's your choice.

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Now it's even more recognized, by the government by the people. No matter what  it have helped most of us through this pandemic. This is for sure much more than 2009 .

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October 12, 2020, 04:22:09 PM
Merited by XCANA (1)
 #6



Source
Bit is a game of accumulation and not what you and others sees it. The graph above has something new for you and some others while they complain about Bitcoin price fluctuations since it existence, the moment you see Bitcoin price from the point of accumulation the better it will for you. Though, i have been into this industry for quite sometimes now, and have once thought about this until i took a critical look at Bitcoin behaviors.

The weak hands will always be victim of Bitcoin behavior when it come to price movement and the only thing you and others should see is potentials while hold. Buy Bitcoin at this moment and wait for it price to rise will do more miracles than the weak hands most of Bitcoin holders have since inception 

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October 12, 2020, 04:35:26 PM
Last edit: October 12, 2020, 04:59:11 PM by Gozie51
Merited by Smartvirus (1)
 #7


I want us to understand no matter how dollar fall it can be as bitcoin,

I just ask you a simple question.
1. Who controls dollar?
2. Who controls bitcoin?


What is the solution of getting this solved?

It is decentralized, so don't worry about solution  Grin


if bitcoin is Depreciating in value let it not be much, because the falling of bitcoin really scare people away.

No it won't scare enthusiasts away. People who understand it better, people who know it advantages are far more than its falls.



Would you be happy if you purchase bitcoin worth $15,000 and in the next few months bitcoin is $5,000, would you be happy?.

As a newbie, I focused more on the highs and not lows. I take advantage of lows and also advantage of highs.


Let look into this and stop deceiving ourselves buy saying we are Investors, Gold investors don’t experience this at all, if bitcoin we go forward then we most know our stand.

Focus more on beginners board https://bitcointalk.org/index.php?board=39.0

It will help you better

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October 12, 2020, 04:36:32 PM
 #8

There is just so much you're asking in this post... Just to cover a few points, that I felt an urge to reply.

Quote
I want us to understand no matter how dollar fall it can be as bitcoin, What is the solution of getting this solved?,if bitcoin is Depreciating in value let it not be much, because the falling of bitcoin really scare people away.

There is no one solution that can solve the depreciation of the BTC market value or the dollar or anything. You go with the flow, and if you're not happy you get out. If people are scared because BTC merely makes a drop (this is speaking in relative terms) then they don't deserve to be in the market to begin with.

Quote
Would you be happy if you purchase bitcoin worth $15,000 and in the next few months bitcoin is $5,000, would you be happy?.

Erm, I don't know, you tell me  Grin Everybody sees risks in their own way, even if you buy at 15k and then it drops by 10x it depends on the strategy you decided to enter the market, if it was for long term then you wait it out. If it wasn't long term something fundamentally went wrong when you bought at the top.

There's no shifting the blame, you're the only one responsible for your investments.

Quote
Let look into this and stop deceiving ourselves buy saying we are Investors, Gold investors don’t experience this at all, if bitcoin we go forward then we most know our stand.
Nobody is deceiving anybody. The market is what it is. If you want to be a Gold investor be a gold investor but be sure to be getting nothing close to the rewards you could be gaining from being a crypto investor. Why is that? Because there's more risk associated with crypto, all you can do is make calculated decisions and if you can't withstand the market pressure and movements then probably best to look into a different market other than crypto.
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October 12, 2020, 04:40:06 PM
 #9

Would you be happy if you purchase bitcoin worth $15,000 and in the next few months bitcoin is $5,000, would you be happy?

I wouldn't be happy for sure, but you know what? Bitcoin's price was crazily fluctuating those days. If I'm not mistaken it went from $15k to $19k pretty quick. I had to understand that if I kept the bitcoins I could face a crash. Although, if I watched bitcoin's price going from $19k to $11k within 5 days I wouldn't keep them to be honest, because I would have made my research.

Generally, the people that are ahead of others are those that do researches before their investments. The more research, the less gambling.

The HODL "religion", though, says that you should never sell them. Nor $20k neither $2k  Roll Eyes

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October 12, 2020, 04:55:54 PM
 #10

No one will be happy about that of course but it's your decision that you let that happen. It's important that you know how the market works and you know when to buy and when to sell your Bitcoins not because you invest some Bitcoin you will be able to earn from it. This ups and downs in the market is normal for some of us who is already been exposed to the trading since then.
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October 12, 2020, 05:06:24 PM
 #11

Sometimes I do notice that bitcoin experience some issues while increasing in value, Bitcoin have increased to $15,000 $20,00. Now we find bitcoin going low
Technically, we already had Bitcoin going low, the correction happened almost immediately after the all time high. What we have now is the steady building phase as the market value rises slowly and builds momentum for a spike.

Now I want us to understand no matter how dollar fall it can be as bitcoin, What is the solution of getting this solved?
Make bitcoin act more like the USD? That's not a solution, that is the problem Bitcoin is trying to solve. Legal tenders are highly regulated markets which are prone to devaluation resulting from economic crisis and bad policies, Bitcoin is a decentralized one which is highly resistant to inflation.

if bitcoin is Depreciating in value let it not be much, because the falling of bitcoin really scare people away. Would you be happy if you purchase bitcoin worth $15,000 and in the next few months bitcoin is $5,000,
A long term investor does not really bother about intermittent changes in value, especially when they devised an investment strategy. Some people get stuck because they FOMO in due to hype as the value approaches a crest, and usually would lose out when the market corrects.
An investor who bought at $5k (the bottom), watched the market rise to $15k and decided to take some profit would not mind the value dropping back to $5k, so they can repeat.

Let look into this and stop deceiving ourselves buy saying we are Investors, Gold investors don’t experience this at all, if bitcoin we go forward then we most know our stand.
Bitcoin and gold are very different assets, gold has been discovered for centuries while Bitcoin is barely a decade old. Investors are trying to capitalize on the speculative value of bitocin now, I doubt it would be as volatile in years to come.

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October 12, 2020, 05:10:48 PM
 #12

you are way too confused about "moving forward" and "price always going up". these two are not the same and there is no reason for the price to always go up for you to make profit while doing nothing!

another thing you are confused about is the "short term volatility" and "long term price rise". in bitcoin we have always had big volatility in short term while the long term price has always been rising and this is not going to change any time soon. we will continue seeing panic sells and panic buys while in the end price ends up being higher.

There is a FOMO brewing...
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October 12, 2020, 05:16:27 PM
 #13

I look at the usage cases as being most important than the price, but BTC is definitely moving forward in both, remember that the price has risen 600x in the past 10 years.

There are some new developments on the horizon:
https://www.coindesk.com/bitcoins-future-exactly-how-a-coming-upgrade-could-improve-privacy-and-scaling

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October 12, 2020, 05:25:48 PM
 #14

~~~
The weak hands will always be victim of Bitcoin behavior when it come to price movement and the only thing you and others should see is potentials while hold. Buy Bitcoin at this moment and wait for it price to rise will do more miracles than the weak hands most of Bitcoin holders have since inception 
This may sound really good, but who would do it without good knowledge of how they should do it. Just hoping for a miracle? this is very uncertain, but it all takes some processing until the new ATH is reached.
Bitcoin still has the potential to hit a new ATH after the end of 2017. But we can only hope and strive so that when that time comes we can benefit from it. I plan to keep bitcoin bit by bit in my wallet, this is a form of preparation for when bitcoin reaches its new ATH.

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Silberman
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October 12, 2020, 05:28:43 PM
 #15

Sometimes I do notice that bitcoin experience some issues while increasing in value, Bitcoin have increased to $15,000 $20,00. Now we find bitcoin going low, Now I want us to understand no matter how dollar fall it can be as bitcoin, What is the solution of getting this solved?,if bitcoin is Depreciating in value let it not be much, because the falling of bitcoin really scare people away. Would you be happy if you purchase bitcoin worth $15,000 and in the next few months bitcoin is $5,000, would you be happy?. Let look into this and stop deceiving ourselves buy saying we are Investors, Gold investors don’t experience this at all, if bitcoin we go forward then we most know our stand.
There is nothing to solve, you either accept this is the way market moves or you get out of it, this may sound harsh but it is the truth, people somehow think that the markets need to move according to their wishes and if they do not then there is a problem, there is no problem, if you want a less volatile market then trade bonds or gold, but this market as of right now has a huge volatility and your only way to deal with it is to learn how to protect your capital, a very easy way to do is to just reduce the amount of money in each of your trades or investments, this way the mount of money you lose will be smaller, but for some reason you do not seem to want to adapt at all.
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October 12, 2020, 05:48:04 PM
 #16

you are way too confused about "moving forward" and "price always going up". these two are not the same and there is no reason for the price to always go up for you to make profit while doing nothing!
Clearly he is missing this point, if we say moving forward it is a progress, with bitcoin the progress is continuous I can tell as more people are buying and selling it, more adopters, real life cases of bitcoin in different places and we already have bitcoin ATMs. Is bitcoin truly moving forward? Absolutely YES. I think you're confused about these two terms, or you don't mean it coz you got a single interpretation of these two words, but regardless you should know which is which.

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October 12, 2020, 05:52:26 PM
 #17

A falling dollar is nothing but good for BTC because BTC does react inverted to USD Index and dollar seriously seems to be in problem and USA needs to get out of their exploded debts for the dollar to survive strongly against major currencies. About the price of BTC, it is a market making by the people, of the people and for the people. There is no centralized authority involved to check and control anything in between, which is why we are free to either hodl or sell at current price, our choice. You are free to wait or just sell out your BTC and never invest in crypto again, but I'm sure you'll do because you know that BTC will always do a comeback every once in a while.

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October 12, 2020, 06:03:20 PM
 #18

Sometimes I do notice that bitcoin experience some issues while increasing in value, Bitcoin have increased to $15,000 $20,00. Now we find bitcoin going low, Now I want us to understand no matter how dollar fall it can be as bitcoin, What is the solution of getting this solved?,if bitcoin is Depreciating in value let it not be much, because the falling of bitcoin really scare people away. Would you be happy if you purchase bitcoin worth $15,000 and in the next few months bitcoin is $5,000, would you be happy?. Let look into this and stop deceiving ourselves buy saying we are Investors, Gold investors don’t experience this at all, if bitcoin we go forward then we most know our stand.


Now the price of bitcoin had raised 250$ more than from yesterday.So it value had started to increase,if any of you having bitcoin in your wallet.Just hold for two to three days.It may change to any peak,after many days the price of bitcoin started to increase.Patience is the key to earn more in trading.And it should be essential one when the price started to pump.
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October 12, 2020, 06:45:51 PM
 #19

Sometimes I do notice that bitcoin experience some issues while increasing in value, Bitcoin have increased to $15,000 $20,00. Now we find bitcoin going low, Now I want us to understand no matter how dollar fall it can be as bitcoin, What is the solution of getting this solved?,if bitcoin is Depreciating in value let it not be much, because the falling of bitcoin really scare people away. Would you be happy if you purchase bitcoin worth $15,000 and in the next few months bitcoin is $5,000, would you be happy?. Let look into this and stop deceiving ourselves buy saying we are Investors, Gold investors don’t experience this at all, if bitcoin we go forward then we most know our stand.
Gold investors don't experience that kind of high reward, right? In bitcoin, there is high reward and high risk. Other correlation doesn't exist in this world.
Btw why do you say that now we find bitcoin going low? If you look at coindesk or check price on any other website, you'll clearly see that bitcoin rises, especially right now, after 8 october.
You can use bitcoin for two reasons: 1. Investment 2. Usage
For investment, price matters the most but for those who use it for transactions and etc, price doesn't matter if they buy it with USD when they need it.

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October 12, 2020, 08:13:51 PM
 #20

Sometimes I do notice that bitcoin experience some issues while increasing in value, Bitcoin have increased to $15,000 $20,00. Now we find bitcoin going low, Now I want us to understand no matter how dollar fall it can be as bitcoin, What is the solution of getting this solved?,if bitcoin is Depreciating in value let it not be much, because the falling of bitcoin really scare people away. Would you be happy if you purchase bitcoin worth $15,000 and in the next few months bitcoin is $5,000, would you be happy?. Let look into this and stop deceiving ourselves buy saying we are Investors, Gold investors don’t experience this at all, if bitcoin we go forward then we most know our stand.
Bitcoin is really moving forward and we can see that when we realize that the prize of bitcoin is just 220 US dollars way back 2013 and that is the time i started bitcoin. I doubted on bitcoin and stop to use it because i think that i have to stop using it because i thought i am just putting my money into a waste but it was a big mistake because i missed a chance to earn a lot of money. What i mean is just to believe in bitcoin and it will give you a chance to earn a bunch of money.
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