$28,000 Bitcoin price. How explain falling price to worried newbies ?

[Hypnosis00]

Nah, it wasn't safe nor to say crypto was a safe haven.
This is somewhat important for the newbies to know this thing and must keep in their mind. The market will fall sometimes but this is not a thing to worried about as it recovers back momentarily. For we are just about to hold and indulge patience, we never lose any but if we get panic (as mostly happens before) it is absolutely not a surprise.

That I encourage newbies to keep positive no matter what it happens in the market and just choose good projects for investment.

[Questat]

Your friend has to understand that crypto and FOREX are different, they behave in a different ways, and he has to focus if he wants to be profitable. yes, he bought bitcoin at that price, but he doesn't lose his money if he would not panic and sell at the current price, patience is the key and he has to hold because this dump is just temporary.

[dataispower]

Will, Everyone Needs to understand to Be "Patience" Now Bcz This is How Panic People Get Lose Their Money 

Bitcoin falling now has become unbearable because and people who is holding bitcoin is afraid of having bitcoin in the wallet till now. Many of them is regretting of hoarding bitcoin. And any one who panic and sell bitcoin will not make it, and already they are losing. Like yesterday morning bitcoin falls to reach 26,000 thousand and 25,000 thousand. But it has risen to 28,000 thousand. And this is opportunity to buy bitcoin again because this 25000 thousand will be the last experience of falling for the year of 2022

[$crypto$]

Will, Everyone Needs to understand to Be "Patience" Now Bcz This is How Panic People Get Lose Their Money 

Bitcoin falling now has become unbearable because and people who is holding bitcoin is afraid of having bitcoin in the wallet till now. Many of them is regretting of hoarding bitcoin. And any one who panic and sell bitcoin will not make it, and already they are losing. Like yesterday morning bitcoin falls to reach 26,000 thousand and 25,000 thousand. But it has risen to 28,000 thousand. And this is opportunity to buy bitcoin again because this 25000 thousand will be the last experience of falling for the year of 2022

People hold bitcoins because they expect higher gains but we have to accept the fact that the market reverses into the opposite direction which is very strong so bearishness is inevitable, with this incident many people panicked and sold a lot for those who panic, of course they are not mentally strong by looking at the cyclical market situation In this case, although we have experienced this incident repeatedly but they are not strong enough to hold it, even though if it continues to be held we still have a chance to recover with a series of buying again at a partial bottom.

[KennyR]

Give the right information about the market, because there is a common thinking among the people that cryptocurrency is a way to get rich in a much faster way. They never understand about the risks and the associated financial difficulties. Ask them to understand the market and know about its volatility compared to the stocks and forex market. Newbies easily get into traps, briefing them about bitcoin as the long term investment with much of risks is needed. Till date who has the ability to hold haven't experienced loss out of bitcoin investment.

[STT]

Prices arent always absolutely accurate is the best way to explain it.  The market has the job of serving everyone always everyday non stop and if sellers want to pile into the price when not many buyers are awake then we will move down in order to provide the utility of cash always available.    The instant cash exchange to any currency doesnt mean you always will get the best or even correct value.
   I see various adverts for crypto around the world and in remote parts you will pay far more then headline because you are being given convenience, delivery, service at your choosing often with small amounts.  There is no one united price in reality, it varies by situation and volume, liquidity in that location etc.
   Dollar has a higher rating right now in a war and threat of greater war, its not too surprising we come under pressure as BTC is with no government.   It has its own advantages but how people view each currency will vary, right now BTC isnt as highly valued as alternatives but its the same unit it was the year before and will be next year also.  The dollar for example should dated by the year because its constantly changing, every year they issue giant amounts more with no fixed schedule but it does also have an army backing it so I understand its in demand now.
  BTC is surprisingly long term, thats the thing we lose looking at prices updating by the minute.

[rhomelmabini]

Forex and cryptocurrency is a totally different market and so it wouldn't be comparable at all. Volatility is a thing that will eat alive investors in the crypto space and if not being cautious on what an individual invested for, then, frustration is really at hand. I'm being cautious who I teach crypto and being cautious too on what they need to learn because at the end of the day there are individuals that always point fingers if they seem to be at loss even if they are responsible for there own investments.

[Reid]

It's a risk, always had been, always will be.
Who or what is backing up Bitcoin? None. It's all the community that believes about its technology and it works. It's not about elite people anymore who are always the one taking most of the profits. We can do it too, now.
Whatever your friend decides it's up to him if he is willing to take that risk. No one should be forced on investing in Bitcoin, actually, in everything. It should be an individual choice.

[sana54210]

Safe? Is it applicable with what is happening right now?
You can probably say that crypto is safe if we are in a bull market but in a bear market, no market is safe.

How to tell them? Just tell the truth that sometimes you will gain money (safe) and sometimes you will lose money (not safe) because that is what investments are. Just saying to newbies that events like this are normal in any markets and just by be patient will make them comfortable because right now, people are in an extreme fear. As a newbie, saying to them to stay patient and wait for a perfect opportunity to buy would be the best thing to say to them.

I wouldn't really consider safe as such a strong word. I mean a thing doesn't need to be profitable just because it has guarantees. Sure bank interests are safe, and not that bad these days with the higher rates neither, but at the same time would you really believe that banks would give you guaranteed returns higher than inflation rate? I highly doubt so, why would they do that.

Hence I would suggest that crypto is safe, depending on what you are investing into. I personally believe that bitcoin for example is as safe as it gets, most projects are bad these days but bitcoin has been going strong for about 13 or so years, it's not even a new thing anymore.

[macson]

Bitcoin fell to $28,000. It's price changes in short spaces it's bad for investors.

A friend asked if cryptocurrencies are safe. I explained it's safe up to his limit if he's willing to lose what he's invested. I said I'm happy with my investment but I can't explain what main causes help big drop in value.

He said if he'd invested $5000 on Dec 12 to buy BTC0.1 it's value would be $2,800 today. He said if he'd traded Forex he'd make better profit. What's behind cryptocurrency prices falling fast.

Is it basic economics pumps&dumps and buy&sell? He asked why don't USD, CAD, EUR, GBP, JPY drop values in fast ways like cryptocurrencies do. What's the easiest way I tell newbies the difference why fiat and cryptocurrencies price falls?

To be honest, it's not easy to explain the problem of falling prices on bitcoin that is happening like it is now for newbies.  they only see a decline in the value of the asset they bought without thinking about the history of bitcoin price and also its future potential.  i hope you find the best way to explain it to your friends.

[Woodie]

Looking at the bitcoin charts on the yearly time frame, you can easily see that the 30k area is a very important region ,and for anybody that trades using the SMC/ICT you can clearly see that there is an equal low which means buyside liquidity which translates into markets coming to sweep that liquidity and a signal for bulls in disguise as it has the fuel to go up!

[24Kt]

Bitcoin fell to $28,000. It's price changes in short spaces it's bad for investors.

A friend asked if cryptocurrencies are safe. I explained it's safe up to his limit if he's willing to lose what he's invested. I said I'm happy with my investment but I can't explain what main causes help big drop in value.

He said if he'd invested $5000 on Dec 12 to buy BTC0.1 it's value would be $2,800 today. He said if he'd traded Forex he'd make better profit. What's behind cryptocurrency prices falling fast.

Is it basic economics pumps&dumps and buy&sell? He asked why don't USD, CAD, EUR, GBP, JPY drop values in fast ways like cryptocurrencies do. What's the easiest way I tell newbies the difference why fiat and cryptocurrencies price falls?

To be honest, it's not easy to explain the problem of falling prices on bitcoin that is happening like it is now for newbies.  they only see a decline in the value of the asset they bought without thinking about the history of bitcoin price and also its future potential.  i hope you find the best way to explain it to your friends.

I can say, that's a challenge. That's a hard job to explain things that you don't even know where to start with. But on another note, just tell him that it is because crypto has still high volatility and the up and down movement is owed to various factors. No one can pinpoint the major reason/s why btc is going down. They will understand later on that this market takes time to understand because you can't learn things overnight especially just by asking the opinion from a friend.

[adaseb]

No investment is safe. People assumed that Netflix or Facebook would be safe investments and look how badly they performed this year. You want safe investments then invest in treasury bonds/yields or just keep it in your savings bank account.

I got friends like that also. They wanted to give me $10K and said turn it into $100K. Like it’s easy making a 10x investment. Too many people consider Bitcoin and crypto as a get rich quick scheme and hence why they get burned.

[Oilacris]

No investment is safe. People assumed that Netflix or Facebook would be safe investments and look how badly they performed this year. You want safe investments then invest in treasury bonds/yields or just keep it in your savings bank account.

I got friends like that also. They wanted to give me $10K and said turn it into $100K. Like it’s easy making a 10x investment. Too many people consider Bitcoin and crypto as a get rich quick scheme and hence why they get burned.

When someone does really have that kind of impression then having real experience or true engagement will really be opening their eyes on how reality works into this market and once they would

really able to know that then this is where impressions do really been cleared up.If you do make out some explanation out to noobs out there then its up to them whether they would really be believing

into it or not but most of the time they would really be going on their own actions on what they do really have in mind but once they been fucked up then thats the time they do learnt up things.

[bitterguy28]

Bitcoin fell to $28,000. It's price changes in short spaces it's bad for investors.

it is not,because 26k is the lowest day after your post.

A friend asked if cryptocurrencies are safe. I explained it's safe up to his limit if he's willing to lose what he's invested. I said I'm happy with my investment but I can't explain what main causes help big drop in value.

actually it is wrong, because he will never lose if he can handle the investment longer that means you should say that if he is willing to keep holding then he is safe.

He said if he'd invested $5000 on Dec 12 to buy BTC0.1 it's value would be $2,800 today. He said if he'd traded Forex he'd make better profit. What's behind cryptocurrency prices falling fast.

he can say that because he does not understand how bitcoin stands for the last 12 years , so change his mindset and explain to him how it follows after the dumping .

[EdenHazard]

No investment is safe. People assumed that Netflix or Facebook would be safe investments and look how badly they performed this year. You want safe investments then invest in treasury bonds/yields or just keep it in your savings bank account.

I got friends like that also. They wanted to give me $10K and said turn it into $100K. Like it’s easy making a 10x investment. Too many people consider Bitcoin and crypto as a get rich quick scheme and hence why they get burned.

Typical newcomers ..

they want something that easy to make and an investment become their first choice due how lured it is especially if you have a friend or someone around you successfully making thousands even million dollar in very short time without knowing that there is a huge risk in it , they just ignored it and here they are complaining .. bubbling about something that they should aware since the first day.

[arabspaceship123]

They're not "safe"? They're not as risky as they have been and people market them as protections against inflation which fiat currencies don't but I think it's a bad idea to call them safe.

I should've defined "safe" better I've noted what you've said thanks.

Cryptocurrencies were never "safe". Outside of bitcoin, pretty much every single cryptocurrency outside stablecoins are very very experimental.

Look what's happening to Terra Luna stablecoins collapsed. Stablecoins weren't safe from day one I didn't trust them. Terra Luna investors lost everything. I wouldn't buy stablecoins there's a big risk you'd lose the investment.

As to your friend: if he thinks he can profit off of forex far easier, then why even force him to this industry? You don't necessarily need bitcoin or crypto to get rich.

I wanted to introduce him to cryptocurrencies. It's usual people asking questions when they've been introduced to something new. I remember I'd ask questions when I was new. He isn't trading forex he wanted to understand different risk factors he thought Forex gives bigger returns and is safer than cryptocurrencies.

Well, when it comes to crypto Investments your friend needs to understand that it is a highly risky investment especially if you don't have patience and you are investing in the wrong coins. As for me, Bitcoin might have dropped in price like your friend pointed out but it went to as low as $25k+ and now trading back up @ $29k+ so you see, some people will say otherwise because they just made some good profit today which is the whole essence of crypto trading/investment, High-risk high reward.

I've told him if gets trading in cryptocurrencies investing in wrong coins will be his biggest mistake. I'm trying to show him it doesn't have to be high-risk high reward dealing cryptocurrencies if he's holding for the long haul or choosing well before investing.

[Nrcewker]

A friend asked if cryptocurrencies are safe. I explained it's safe up to his limit if he's willing to lose what he's invested.

I don’t get it why are you scaring your friend?
I mean it’s just trading not gambling I guess?
Yes I don’t know about you, but the traders I mate, they all are good in calculations and estimating prices of coins.
And regarding your friend, first tell him to have patience. Making money is not overnight game.
He invested in December and now in 5-6 months he is crying for half of it’s capital loss? Ask him to wait for one year, then he will enjoy 25% extra profit.
Crypto investments are for long runs, if you want to make money in shorter period of time, then accordingly be ready for the risk that you will get with the investment.

[fortuner]

A friend asked if cryptocurrencies are safe. I explained it's safe up to his limit if he's willing to lose what he's invested.

I don’t get it why are you scaring your friend?
I mean it’s just trading not gambling I guess?
Yes I don’t know about you, but the traders I mate, they all are good in calculations and estimating prices of coins.
And regarding your friend, first tell him to have patience. Making money is not overnight game.
He invested in December and now in 5-6 months he is crying for half of it’s capital loss? Ask him to wait for one year, then he will enjoy 25% extra profit.
Crypto investments are for long runs, if you want to make money in shorter period of time, then accordingly be ready for the risk that you will get with the investment.

Yes many people think that investing in ordinary crypto makes them rich in an instant, but all of that is wrong.
Even though it is true that every investment has its own risks, but we need to think again that investment cannot change our world in an instant.

[ultrloa]

Nothing accurate with the past data's of bitcoin and you can show it up to the newbie who's been nervous on the current market movements since for sure once they see that this is normal phenomenon on crypto or even with forex.

Although we cannot dictate what they should do because not everyone have high patience to wait for something huge coming with bitcoin and tell them that those people who have patience to wait for bitcoin recovery will always be rewarded.