Irony of Life

[Agbe]

Hello guys. Greetings from Agbe.

Life is full with Irony and anyone says he or she has not faced Irony in life that person is not truthful. Just like the HOLY BOOK (Bible), Jesus Christ says, anyone says that he/she had not sin, that person is a lier. Irony is the opposite of what one's thinks and act. Even in this forum must newbies, Jr. Members, Members + etc gave up to participate Because they could not realized their ambition. Most people are here for Bounty Hunting, Signature campaign, Merit, etc. Most of them got Irony at the end of it.

Now the decreasing rate of bitcoin is an IRONY to a lot of BITCONNERS in the world. I am composing this thread because a neighbor of mine was crying very seriously yesterday and when I asked him the reason he said, he sold his golds and other properties worth ($1800) to buy bitcoin in the month of March when bitcoin was still high but Ironically bitcoin drastically come down to $22,525.77 and now he needs money to pay his bills but he can't sell his coins because of the price. I just encouraged him not gave up. He should have faith that bitcoin will go up again.

And also in the month of April when bitcoin was coming down, some users in this forum predicted that it would rise up by the 22nd of May, 2022 and that also became an Irony.

What you expect does not come to pass means it is an Irony. Therefore human life is full with Irony.
Many people killed themselves (suicide) because of Irony. There are some people registered last month but they are not active again because of one issue to the other.

Finally
In any platform, forum, organization, institution company etc what the staff or the masses need is not what the leaders need and that causes Irony among them. If I continue, I would not stop so let me drop my tintinbabulation golden pen here.

[Hispo]

The price of Bitcoin being volatile and very hard to predict has little to nothing to do with Irony, it is just the nature of the market nowadays.

A good example of Irony would be if in the Future, many years ahead, Bitcoin becomes a centralized blockchain for some reason (perish the thought).

[Darker45]

I guess the problem is not that Bitcoin is going through bad days, it is that people consider it an easy way for them to make non-stop money. There's no irony here unless you treat Bitcoin as a safe scheme to get rich overnight. But if you consider Bitcoin as a risky investment, as a volatile asset, then you'd certainly be expecting that there will be times when the price falls. There's nothing ironic really. Bitcoin never promised to make poor people rich.     

[Davidvictorson]

Now the decreasing rate of bitcoin is an IRONY to a lot of BITCONNERS in the world. I am composing this thread because a neighbor of mine was crying very seriously yesterday and when I asked him the reason he said, he sold his golds and other properties worth ($1800) to buy bitcoin in the month of March when bitcoin was still high but Ironically bitcoin drastically come down to $22,525.77 and now he needs money to pay his bills but he can't sell his coins because of the price. I just encouraged him not gave up. He should have faith that bitcoin will go up again.

Hey Agbe, do you want to know an irony will be with regards to Bitcoin?

• If Bitcoin needs the government's and the Central Bank's protection to grow.
• If Bitcoin requires the participation of banks or other financial intermediaries for transactions.
• If Bitcoin becomes highly centralized as opposed to its goal of decentralization.

It would be nice if you can share these points with your friend.
1) Bitcoin is not a get rich quick scheme.
2) Bitcoin is an investment. And just like every investment it has it's own risks attached.
3) Invest only what you can afford to loose.
4) DYOR -  Always do your own research.
5) The market doesn't care about your feelings.

[cryptoaddictchie]

The next month he needs the money for bills? So it does mean that the one he god sold off last March for bitcoin are something that they need on their expenses. This is so wrong, money use to purchase a very volatile asset such as bitcoin should be segregate from the one been used for consumptions. Like invest onlny what you can afford to lose or money that you dont need for a very long time.

[mk4]

The market sure has interesting ways of teaching people lessons. Most of the time you get screwed if you're too blinded by greed and over-invested, in which your neighbor absolutely did — carelessly.

[Maus0728]

Although the definition is correct, the examples are incorrect.

When people speculate on whether bitcoin will rise or decrease, how can I label the dramatic drop as an"irony"?

Sure, I mean! If bitcoin promised people that they might get wealthy merely by buying or investing, I may consider it ironic. However, this is not the case, as price fluctuation has nothing to do with bitcoin's speculative nature. It's just that people end up crying because they don't have a financial plan or didn't bother to ask or understand bitcoin beforehand

Apart from that, the only irony I can see is about centralizing a crypto exchange and wallets out of a decentralised technology.

[traderethereum]

Do you advise them to only invest with money they can afford before buying bitcoin and explain its risks?
Because if you have suggested it, your friend will follow you and will not sell his assets and property unless he is really greedy to chase big profits.
It depends on how people will act if they want to invest in bitcoin.
They should learn more about how to invest in bitcoin so they don't go astray.

[Cookdata]

Well, I agree and disagree, not everyone undergoes hardship in life, there are many people that were born with silver spoon, their life is full of roses right from their child birth, they don't know what it takes to put square meal on the table and they grow up to represent their families inheritance.

Life is full of surprises for many though but we can't stop planning, we can't stop pushing, keep your heads up because the journey is full of bumps and that's what makes us stronger, your success will be another person tips and guide.

Back to your neighbor, what is he crying like a baby who is new to investment, you said he sold his gold and properties, he should knows the con and pros of investments, he didn't just wake up from slumb and decided to switch his assets into bitcoin. What's even the point of crying when he is only having an unrealized loss, you don't lose in bitcoin investment until you sell. So, cheer him up and guide him through this thick and thin beer market, one day, he will remember this moment and laugh it out when the bulls returns with gains.

[Lucius]

I am composing this thread because a neighbor of mine was crying very seriously yesterday and when I asked him the reason he said, he sold his golds and other properties worth ($1800) to buy bitcoin in the month of March when bitcoin was still high but Ironically bitcoin drastically come down to $22,525.77 and now he needs money to pay his bills but he can't sell his coins because of the price. I just encouraged him not gave up. He should have faith that bitcoin will go up again.

Investing in something you don't understand, at a time when we're obviously on a downward trajectory and at a time when the whole world is exposed to inflation and on the brink of recession, can only result in a loss. In addition to all of the above, how can someone invest the money they use to pay their bills into something as volatile as Bitcoin?

And also in the month of April when bitcoin was coming down, some users in this forum predicted that it would rise up by the 22nd of May, 2022 and that also became an Irony.

Forum members are free to speculate on everything, including the price of BTC - but that doesn't mean anyone should take it as financial advice. I personally thought we weren’t going to go this low a couple of months ago, but I was wrong like some others who thought we avoided crypto winter. I would not call all this irony, but only a cruel reality that slaps us from time to time to remind us that life is not a flat road but a road with many holes and humps.

[lovesmayfamilis]

I feel sorry for your neighbor. But there are many such people today. Therefore, I will never encourage people to invest in bitcoin. Showing and telling people about bitcoin is one thing, but I don't think it's a good idea to help them invest. Prior to this, I believe a person must himself come to an understanding of the future loss, and thus after, the absence of the guilty, except for himself.

I have never met analysts who could confidently predict the next move in the price of bitcoin. And no matter how much I read that everything is about to recover, bitcoin exists on its own separate system.

But if your neighbor begins to draw conclusions, then he will certainly be experienced in further steps towards various kinds of financial transactions.

And yes, this story does not look like irony; it is too painful for such people. Rather, the "law of dirty tricks" or "Murphy's law" works here.

[CryptoHeadlineNews]

I am composing this thread because a neighbor of mine was crying very seriously yesterday and when I asked him the reason he said, he sold his golds and other properties worth ($1800) to buy bitcoin in the month of March when bitcoin was still high but Ironically bitcoin drastically come down to $22,525.77 and now he needs money to pay his bills but he can't sell his coins because of the price. I just encouraged him not gave up. He should have faith that bitcoin will go up again.

And this is why it's always advisable to buy Bitcoin with an amount you could afford to lose because of it's volatile nature which makes it unpredictable to know the next minute. So am very sorry for your neighbour, and if you can still get in touch with him again, please tell him not to repeat such mistake again. And if he still has more money buy Bitcoin now because the price has fall and may pump sooner

[Agbe]

Irony itself has 3 type.
1. Situational Irony
2. Dramatic Irony
3. Verbal Irony
Therefore, in any situation one found himself or herself that has bad experience is an Irony, either situation, dramatic or verbal (Prediction). So tell me the area that is not Irony from OP. Everything I put in place is correct and they are Irony of life

[GiftedMAN]

The market sure has interesting ways of teaching people lessons. Most of the time you get screwed if you're too blinded by greed and over-invested, in which your neighbor absolutely did — carelessly.

Indeed, I think the lesson that the market is giving to greedy investors is becoming more interesting, people see Bitcoin as a quick way investment that's the reason why they end up crying when the market is down like this, Bitcoin investment isn't gambling may be they aren't aware of this.

[minime0105]

I am composing this thread because a neighbor of mine was crying very seriously yesterday and when I asked him the reason he said, he sold his golds and other properties worth ($1800) to buy bitcoin in the month of March when bitcoin was still high but Ironically bitcoin drastically come down to $22,525.77 and now he needs money to pay his bills but he can't sell his coins because of the price. I just encouraged him not gave up. He should have faith that bitcoin will go up again.

And this is why it's always advisable to buy Bitcoin with an amount you could afford to lose because of it's volatile nature which makes it unpredictable to know the next minute. So am very sorry for your neighbour, and if you can still get in touch with him again, please tell him not to repeat such mistake again. And if he still has more money buy Bitcoin now because the price has fall and may pump sooner

This is so funny and I kind of like what you talked about, no body wants to loose in any investment secondly, do not invest with the gamblers mindset you will be disappointed so your always advised to invest with spare funds such that wont be a big pain to you when the market isn't in good shape. I guess the friend is a newbie he will not understand the reason to buy more now that the price is down.

[dbc23]

Bitcoin investment is a business if you lose your profit don't lose the capital. Every investor is expected to knows when to poll out if the bear grip becomes stronger. Most times greed is just the killer and not just the trend. As long as the market is been controlled by supply and demand both bull and bear trend will continue to play out. No one controls the market in autonomy the market only obeys the trend learning to pull out with a small loss will be better than losing out on everything

[Oceat]

The irony here is someone knew how to invest but don't know what they are investing. So does your neighbor did what was the irony and since this year the market was already subjected to bear market but I don't think someone knew that or perhaps they already knew it but proceeded anyway. And also, Bitcoin is not for short term investment, so if someone tries to invest Bitcoin they should expect a longer time before they take their desired profit. I bet your neighbor didn't know that because the way he complained about not having any money left to pay bills which is a different story when investing.

[decodx]

So tell me the area that is not Irony from OP. Everything I put in place is correct and they are Irony of life

Let me ask you a question: if your neighbor hadn't decided to invest in Bitcoin back then, what would be his financial status now? He would still have to pay his bills and stuff, wouldn't he?

What you described in the OP is not an irony but an example of a bad financial and investment decisions. Obviously, his problem is not in the bad timing when it comes to Bitcoin investments, but in the fact that he doesn't have the constant source of income he needs to cover his basic expenses. It is just stupidity that he waits until the last moment to sell the Bitcoin and pay his bills. But that's just an excuse for bad decision-making on his part, not an irony.

[BIT-BENDER]

I can say you friend made the biggest mistake, and this is not to say that your friend buying Bitcoin is a big mistake no that’s far from it, in fact I believe it wise to own bitcoin, but your friend made a mistake by purchasing Bitcoin with out even having the basic knowledge of crypto-currency, I don’t know if this mistake is from those who introduced him to Bitcoin, but how can he invest in bitcoin without knowing how volatile the market is and weeping because of the first dip that’s comes, and besides that what happened to invest with what you can endure.

[PX-Z]

I don’t know if this mistake is from those who introduced him to Bitcoin, but how can he invest in bitcoin without knowing how volatile the market is and weeping because of the first dip that’s comes, and besides that what happened to invest with what you can endure.

People should already know that bitcoin is too volatile, imagine it increase hundred of dollar in just days and thousands in months, anyone who see that pattern will know that bitcoin is an investment that is too volatile. It just that this bear season is too much to bear, yeah double bear for people who did what your neighbor did. Or those who let their instinct, "uh, it will go up again in next hours or a day, so I should hold a little moment", until, it's hard to let go, so holding will be the last thing to avoid the loss.
will
This is global, if people and your neighbor observe what had happen to the global market including crypto in the last few weeks (due to the war probably), people will had a glimpse what will be the possibilities that will happen next.