Strong Hands Are Buying

[Desmong]

Since this like a big opportunity to hold some Bitcoin, we can buy now at any price and forget about what the Bitcoin price will be soon. This looks like an opportunity for us to hold some tokens so that we can be of an investor. The market will keep moving to any direction that we don't know so we need to be ready to hold and keep our token.

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[BlackZeus93]

This is the biggest opportunity for anyone to buy BTC. BTC has an inflation rate lower than gold and it will continue to drop after the next halving and future halvings. I am forever grateful to be in this space. I am a step ahead.

[bitzizzix]

While falling prices may raise concerns among investors, they can also create opportunities to make purchases for savvy investors.
especially true for investments with prices
You can try buying bitcoins tactically, buying dips, or buying during a bear market. But it's not easy, and you also have to do some serious research and learn about money management and stopping losses.
and however, never be in a position where the market forces you to sell.
And for me now is the right choice to do DCA, and when it goes down you can increase your buying regularly and reduce the amount of buying back when the price reverses. And do it for the long term and still buy with money you can afford to lose, and not with money you need.
do all of that for the long term and be patient until you find a very profitable sell price, and this holds true and works very well for bitcoin.

[JayJuanGee]

While falling prices may raise concerns among investors, they can also create opportunities to make purchases for savvy investors.
especially true for investments with prices
You can try buying bitcoins tactically, buying dips, or buying during a bear market. But it's not easy, and you also have to do some serious research and learn about money management and stopping losses.

If you are buying bitcoin, then why would you need to learn about "stop losses"?  That makes no sense.  I agree that you have to likely learn how to manage your money to such an extent that you know how much of a budget that you have to buy.  Regarding the "serious research" I am not sure what you mean by that.  If you have a place that you can buy BTC, then you may need to figure out how much are you going to buy, and then you might need to figure out how you are going to hold your bitcoin.

and however, never be in a position where the market forces you to sell.

True.. .. if you are forced to sell, then maybe that means that you bought too much, no?  That means that you have not managed your money/budget very well to make sure that your expenses are sufficiently covered, no?

And for me now is the right choice to do DCA, and when it goes down you can increase your buying regularly and reduce the amount of buying back when the price reverses. And do it for the long term and still buy with money you can afford to lose, and not with money you need.

That is kind of a hybrid of DCA that involves buying on more on dip... sure discretionary to employ hybrid variations of DCA... and whether to consider the dip as being times to buy additional amounts or just to stick with the amount of DCA and the interval period that you have already authorized yourself.

do all of that for the long term and be patient until you find a very profitable sell price, and this holds true and works very well for bitcoin.

If you are considering the long term then you might not need to determine the sell price until later.. but sure, you could have an alternative plan for selling some on the way up.. Hopefully, you are not suggesting to be fucking around with trading.. or getting out of bitcoin "with a profit" and without any other plan because sometimes it might not be a very good idea to sell too much too soon if there is no other plan besides the fact that the BTC price had gone up.

[doomloop]

Since this like a big opportunity to hold some Bitcoin, we can buy now at any price and forget about what the Bitcoin price will be soon. This looks like an opportunity for us to hold some tokens so that we can be of an investor. The market will keep moving to any direction that we don't know so we need to be ready to hold and keep our token.

We are in a bear now so selling is not beneficial but people are advised to hodl. Bear is also an opportunity for the people to buy cryptos because their values are now cheap. Btc is the most trusted crypto, it can last long and its value is also expected to pump higher in the long run so yes we can always buy btc any time even if not in a bear market.

Forgetting the price is a must only if the price goes down right after we buy but we should always take note of the price so that we will know if btc is now rising and it's now time for us to sell our coins. I noticed that mentioned token there but did you know that tokens are different from btc? You can add some tokens in the side if you want to but you should properly do your research since a lot of them are junk.

[Cryptmuster]

While falling prices may raise concerns among investors, they can also create opportunities to make purchases for savvy investors.
especially true for investments with prices
You can try buying bitcoins tactically, buying dips, or buying during a bear market. But it's not easy, and you also have to do some serious research and learn about money management and stopping losses.
and however, never be in a position where the market forces you to sell.
And for me now is the right choice to do DCA, and when it goes down you can increase your buying regularly and reduce the amount of buying back when the price reverses. And do it for the long term and still buy with money you can afford to lose, and not with money you need.
do all of that for the long term and be patient until you find a very profitable sell price, and this holds true and works very well for bitcoin.

First of all, investing already implies competent budget planning, and if you properly allocate funds so that you have enough to maintain your standard of living, to cover all expenses, then you will not need to sell bitcoin under any circumstances.

It will be a different amount for everyone, and I don't think it's worth buying more now, buy as much as your investment plan allows you to do. There is no need to try to change something now, because we do not know, maybe tomorrow or in a week the price will be even lower.

[Inwestour]

We likely need to keep in mind that frequently there can be a difference between items that might be highly marketed and items that actually have substance, so part of the ongoing battle with bitcoin seems to be that it has strong fundamentals and likely substance in terms of various aspects of its utility to have the ability of individuals to be self sovereign with their money and also likelihood to hold and increase in value in the long run - while at the same time, a lot of the bitcoin imitators rely heavily on marketing and the perception of value - contributing to confusion in a variety of ways - including that frequently very smart folks are likely getting behind pump and dump shitcoins (and vaporware) that sound good on paper but they frequently are not developed but instead meant to take advantage of people... which causes additional confusion regarding the extent to which bitcoin differs from the snake oil products.

Absolutely right, that is why bitcoin has a great future, because it will exist for more than one decade, and not like some unnecessary coins that can be squeezed out in a few years, everyone who understands its advantage will invest in bitcoin. Manipulators are very good at pumping their shitcoins, and there will always be those who wish to use opportunities in this "trap" and maybe even get lucky a few times, but in the end we all know what investing in shitcoins leads to. I once already checked it on myself, I learned the lesson, I don't want to repeat this againe.

[albertorma]

as I am getting similar vibes to 2018 bear market and I feel, the market could have bottomed already. Shitcoiners are leaving, leveraged players are getting rekt, retailer lost trust, media is celebrating the bitcoin death, we are seeing miner fud for the third time in eight years, media still refuses to understand what a difficulty adjustment is... From my perspective, the reasons for the price drop are people just not understanding bitcoin yet.

It seems that I agree with every thing that you said there... except your point about shitcoiners are leaving.  One of the BIGGEST of the smoke and mirror Ponzi Rube Goldberg machine shitcoins is Ethereum, and even if it might not suffer as BIG of a dramatic downfall as the FTX baloney, it is likely similar in terms of the magnitude of the value that is captured within that baloney pandering for influence project... that has been way more successful in terms of holding itself up than anyone with any appreciation for its various fakeness and its building on affinity would have expected.

I am not even suggesting that that scam is imminent in terms of its death, even though it seems to somewhat fly in the face of your assertion that "shticoiners are leaving" since that project has been holding its... 0.07-ish peg to bitcoin, and it is likely not even should be valued at 0.007-ish.. .. so that project could keep going many many more years.. perhaps?  unless it is more iminent in dying than I can see... I thought it should have been dead several times in the last 6-7 years, and it keeps plugging along scamming people (while the people they are "scamming" make money - which seems contrary to definition) and even building more ways in which scams can be built on top of the foundational scam...   Perhaps one of the greatest value that Eth and it's various imitators bring to the space is the ability to easily build more kinds of scams.

Sorry, my communication has not been clear. I am perceiving how lots of shitcoiners already hoarded their USD and left the ecosystem forever. However, scammers will never be 100% out. There will be new scammers very soon.

As you mentioned, Ethereum (and EVM forks) pseudo touring completeness enables blatant scams happening. Scamming is inherent to human nature. Deploying a token has no cost and no risk. Back in the bull run, a teenager deploying 20 tokens per day could easily become a millonaire in a few days. Not to mention by forking a "DeFi" project and throwing some money at CertiK, you'd be perceived as a superhero and attract hundreds of millions of TVL by just copy pasting some code and having a decent communication. I am not even kidding, I witnessed these events. At some point being a solidity developer became unfairly and extremely rewarding.

Today, this is getting harder to do, but creative minds still manage to scam some money. For this reason I don't see ethereum dying any time soon. Only time will punish those who blindly believe in these scams backed by lies.

P.S.  By the way,  I did a quickie look at your post history, just to see if there might have been some reason that I had not previously noticed any of your posts (not that I can remember), and surely the post you just made is probably close to one of your best posts, if not your best post...  ... In other words, you have quite a few shitty posts in your post history,...... hahahaha.. no problem.. You can do whatever you like..I just thought that I would mention that I did a quickie look.. because I just wanted to see if I might have missed something.. You know sometimes a brand new member comes onto the scene.... and then I see some of his/her posts, and I am like: " '¿holy shit?' where did this person come from?  How did s/he get to be so smart?"  hahahahahaha.. I could mention some names.. but I really don't like to do that.. except to just mention that those kinds of things sometimes have happened to me, for what it's worth?.. ..  . 

To be fair, my post history is full of shit. I don't think my bitcoin knowledge has improved a lot among these years, but my communicative skills, my english skills did. I feel ashamed of the low quality of my posts, but I see no reason to start a new account, as I am pseudonymous anyway.

Thanks for the merit, you are the first person to merit me. From now on I'll try to become a valuable member of the comunity.

[Smartprofit]

This is the biggest opportunity for anyone to buy BTC. BTC has an inflation rate lower than gold and it will continue to drop after the next halving and future halvings. I am forever grateful to be in this space. I am a step ahead.

The price of bitcoin dropped from $69,000 to $16,000.  This is a very strong drop in the price of bitcoin. 

However, are there any fundamental reasons for the fall in the price of the first cryptocurrency? 

Certainly, there are some reasons...

Recently, the pressure of state regulators on cryptocurrencies (and bitcoin, in particular) has increased.  There are accusations against Bitcoin that the impact of its mining on the global ecology is negative. 

However, such accusations are largely manipulative in nature.  Bitcoin is a very promising financial asset.  This decentralized protocol for the transfer of value in the virtual space is of great fundamental importance for all of humanity. 

Therefore, in the long term, the price of Bitcoin will rise.  Right now, in my opinion, is a good time to invest in Bitcoin.

[JayJuanGee]

This is the biggest opportunity for anyone to buy BTC. BTC has an inflation rate lower than gold and it will continue to drop after the next halving and future halvings. I am forever grateful to be in this space. I am a step ahead.

The price of bitcoin dropped from $69,000 to $16,000.  This is a very strong drop in the price of bitcoin. 

However, are there any fundamental reasons for the fall in the price of the first cryptocurrency? 

Certainly, there are some reasons...

Recently, the pressure of state regulators on cryptocurrencies (and bitcoin, in particular) has increased.  There are accusations against Bitcoin that the impact of its mining on the global ecology is negative. 

However, such accusations are largely manipulative in nature.  Bitcoin is a very promising financial asset.  This decentralized protocol for the transfer of value in the virtual space is of great fundamental importance for all of humanity. 

Therefore, in the long term, the price of Bitcoin will rise.  Right now, in my opinion, is a good time to invest in Bitcoin.

Surely it is not easy to describe any one effect that causes price movements, yet even so there are some assessments that are more convincing than what you had outlined above..

In other words, there have been several high level gambling schemes that have come to light in the past 6 months, and the shenanigans of one scheme showed the shenanigans of the other schemes.. in which a lot of them either did not have the bitcoin that they claimed to have or they were overly leveraging bitcoin that they had or lending it out multiple times (which is similar to not having the bitcoin that you claim to have).. or creating fake tokes to appear that you have bitcoin when you don't.. so in some sense there were additional ways in which some large players were gambling or expecting that the BTC price would not fall below certain points, so their finances relied upon the BTC price going up or staying flat but not going down below certain price points.. and in that regard, there has been more and more fall out and downward price momentum that comes from some folks being forced to sell BTC and when others can see those downward BTC price pressures that also contributes to additional downward price pressures, even if other aspects of bitcoin are not broken - while at the same time a lot of excessive gambling has various contagious effects.

Of course, we can list some of the scams and/or major fall out, but we are likely not going to necessarily need to list them all or even describe how they were all related, but in May we had started with the Luna/Terra loss of pegging and the sell pressure and then 3 arrows capital, Celsius, voyager, Blockfi, miners going out of business or suffering from pressures of lower prices and higher hashpower, then FTX and Genesis and also contagion into issues with GBTC and Gemini's earn product.. and potentially other contagions that we do not yet know... and surely within an environment in which the US Fed has been aggressive with its raising of interest rates (tightening of credit markets).

I am not going to proclaim to know everything that contributed to how we got to where we are at...or the extent to which there is additional downward BTC price pressures or how much our correction is over.  The bottom for BTC could be in or it might not be in yet.  On a personal level it remains good practice to attempt to prepare psychologically and financially for either price direction (which seems to always be the better of recommendations).

[virasog]

A simple reason is enough to understand why it is good to make ourselves among he strong hands. People continue to buy whenever the market turn negative. At that moment fear too accompanies thinking whether the recovery will happen or not. The simple answer for this, we need to calculate the percentage of people into cryptocurrency last year and this year. With time the users have increased, usage have increased and so will be the demand. This shows the supply demand mechanism push the price harder.

What's crypto?  We are talking about bitcoin in this thread.

Strong hands are buying bitcoin.

Whales are buying bitcoins

Intelligent investors are buying bitcoin

Governments are accumulating bitcoin

And those who are accumulating altcoins are greedy non-sense bunch of retail investors, who will get rekt one day or the other. Every day a crypto will be dead but only bitcoin is here to stay forever.

[JayJuanGee]

A simple reason is enough to understand why it is good to make ourselves among he strong hands. People continue to buy whenever the market turn negative. At that moment fear too accompanies thinking whether the recovery will happen or not. The simple answer for this, we need to calculate the percentage of people into cryptocurrency last year and this year. With time the users have increased, usage have increased and so will be the demand. This shows the supply demand mechanism push the price harder.

What's crypto?  We are talking about bitcoin in this thread.

Strong hands are buying bitcoin.

Whales are buying bitcoins

Intelligent investors are buying bitcoin

Governments are accumulating bitcoin

And those who are accumulating altcoins are greedy non-sense bunch of retail investors, who will get rekt one day or the other. Every day a crypto will be dead but only bitcoin is here to stay forever.

Well, also it seems to me that if people are using the term "crypto" when they are either talking about bitcoin, or trying to describe matters beyond bitcoin but related to bitcoin, but still speaking in vagaries by using the term "crypto" or "cryptocurrency", then it seems that they likely do not even understand what bitcoin is if they cannot find the words to incorporate bitcoin into what they are saying.. or at least to clarify why they are using the term "crypto."

I am not opposed to using the term crypto when there is some attempt to clarify what is being discussed - and sometimes the term "crypto" can be used to refer to shitcoins or to various mostly not bitcoin projects such as ICOs, Defi, NFTs or other pump and dump projects maybe even concepts like blockchain, CBDCs, stable coins can also be fit into the "crypto" category, but many times we are going to need to specify what we are talking about - because overall reference to some space as "crypto" fails to provide any kind of real justice.. unless it is being used as a denigration.. even though the fact that crypto could refer to cryptography, then maybe in that sense it is a field in which various mathematical tools and principles are being applied across various projects including bitcoin (not that I am claiming to understand the actual ways of coding or specifics in which cryptography applications contribute to various projects including but not limited to bitcoin)... but even when the term crypto is used in a context in which bitcoin would also fit, there may well be some needs to clarify the extent to which references are being made to bitcoin as well or if bitcoin is not part of such grouping.. so the devil might be in the details regarding if some shitcoin project is being pumped or equated with bitcoin or if there is an attempt to denigrate bitcoin through the context of such usage - so surely, the set up to the use of such terms will at least tend to help to frame how the term is being used and why such term might be a better choice of words for the given context - rather than just vague references or even references that are sloppy or misleading.

[BitDane]

This is the biggest opportunity for anyone to buy BTC. BTC has an inflation rate lower than gold and it will continue to drop after the next halving and future halvings. I am forever grateful to be in this space. I am a step ahead.

The price of bitcoin dropped from $69,000 to $16,000.  This is a very strong drop in the price of bitcoin. 

That is why it is the best time to accumulate Bitcoin.  Just think of this, today is 2022, the current price of Bitcoin brings us back 4 years ago when price of Bitcoin is around 16k before it rallies to $69k in 2021.

However, are there any fundamental reasons for the fall in the price of the first cryptocurrency? 

Certainly, there are some reasons...

Recently, the pressure of state regulators on cryptocurrencies (and bitcoin, in particular) has increased.  There are accusations against Bitcoin that the impact of its mining on the global ecology is negative. 

However, such accusations are largely manipulative in nature.  Bitcoin is a very promising financial asset.  This decentralized protocol for the transfer of value in the virtual space is of great fundamental importance for all of humanity. 

Therefore, in the long term, the price of Bitcoin will rise.  Right now, in my opinion, is a good time to invest in Bitcoin.

The reason behind is the several centralized crypto company getting bankrupt and the recent FTX bankruptcy just pull a huge influence on the already bleeding market of Bitcoin.

[serjent05]

Since this like a big opportunity to hold some Bitcoin, we can buy now at any price and forget about what the Bitcoin price will be soon. This looks like an opportunity for us to hold some tokens so that we can be of an investor. The market will keep moving to any direction that we don't know so we need to be ready to hold and keep our token.

True, it is the best time to buy Bitcoin because of the current price and the possible surge after the halving.  There are lots of predictions that after this bear market, Bitcoin price has a high chance of reaching $100k.  If we look at the Bitcoin price history, Bitcoin has the tendency to explode after the halving and records a new all-time high.  So I believe there is only one direction for Bitcoin after the halving and that is making a new ATH record.

A simple reason is enough to understand why it is good to make ourselves among he strong hands. People continue to buy whenever the market turn negative. At that moment fear too accompanies thinking whether the recovery will happen or not. The simple answer for this, we need to calculate the percentage of people into cryptocurrency last year and this year. With time the users have increased, usage have increased and so will be the demand. This shows the supply demand mechanism push the price harder.

What's crypto?  We are talking about bitcoin in this thread.

Strong hands are buying bitcoin.

Whales are buying bitcoins

Intelligent investors are buying bitcoin

Governments are accumulating bitcoin

And those who are accumulating altcoins are greedy non-sense bunch of retail investors, who will get rekt one day or the other. Every day a crypto will be dead but only bitcoin is here to stay forever.

Well, also it seems to me that if people are using the term "crypto" when they are either talking about bitcoin, or trying to describe matters beyond bitcoin but related to bitcoin, but still speaking in vagaries by using the term "crypto" or "cryptocurrency", then it seems that they likely do not even understand what bitcoin is if they cannot find the words to incorporate bitcoin into what they are saying.. or at least to clarify why they are using the term "crypto."

I think to avoid misunderstanding, instead of Crypto or Cryptocurrency, the term used to direct other cryptocurrencies should be altcoin or alternative cryptocurrency.  Since Bitcoin is under the umbrella of the term cryptocurrency, it isn't wrong to say Crypto in place of Bitcoin, besides,  Bitcoin is the icon of Cryptocurrency, IMO

[rikybrosh]

A simple reason is enough to understand why it is good to make ourselves among he strong hands. People continue to buy whenever the market turn negative. At that moment fear too accompanies thinking whether the recovery will happen or not. The simple answer for this, we need to calculate the percentage of people into cryptocurrency last year and this year. With time the users have increased, usage have increased and so will be the demand. This shows the supply demand mechanism push the price harder.

What's crypto?  We are talking about bitcoin in this thread.

Strong hands are buying bitcoin.

Whales are buying bitcoins

Intelligent investors are buying bitcoin

Governments are accumulating bitcoin

And those who are accumulating altcoins are greedy non-sense bunch of retail investors, who will get rekt one day or the other. Every day a crypto will be dead but only bitcoin is here to stay forever.

Some altcoins perform good resistance against bad market condition, but most of them just pump and dump. Recently I was trying to do daytrading and I saw that big investors looks like they just playing with some altcoins. They pump for few hours then dump it again, people who have big hope with those altcoins stuck at expensive price and don't have any idea when will the price go up again. Durring this bear market, traders only care about profit, I was learn the chart and realize that people looking for good position and sell it immediately at higher price that predicted before, and using this pattern is very easy to make profit about 9% - 12% every three days. But the price of the altcoin keep fall at the end. But some altcoins are very strong, those investors can't do the same thing to those altcoins. For example is TRX, I don't see pattern like that in this altcoin, TRX price usually goes in line with  Bitcoin price. This altcoin have big chance to grow faster because it seems that it's price will rise when bitcoin price rise and it keep rise when bitcoin price fall because some bitcoin investors will looking for some altcoins to invest as they get profit from bitcoin. There is a note from me, when this altcoin price rise like a rocket just remember that the price will fall again. So don't blindly hope for this coin to surpass bitcoin, it's just like other altcoins but stronger. This is how the market works. Always prepare a good strategy before trading is the best way to avoid loss. That's my opinion.

[JayJuanGee]

This is the biggest opportunity for anyone to buy BTC. BTC has an inflation rate lower than gold and it will continue to drop after the next halving and future halvings. I am forever grateful to be in this space. I am a step ahead.

The price of bitcoin dropped from $69,000 to $16,000.  This is a very strong drop in the price of bitcoin. 

That is why it is the best time to accumulate Bitcoin.  Just think of this, today is 2022, the current price of Bitcoin brings us back 4 years ago when price of Bitcoin is around 16k before it rallies to $69k in 2021.

Yeah.. but $16k was never really any kind of sticking or important price point.  We have a considerable amount of time between about $5k and $9k.. but also surely several times in which the BTC price got above $10k.. and got as high as $13,880.. so yeah. maybe we can say that the relevant price range of 4 years ago largely gravitated between $4.5k and $12.5k.. with a few bounces outside of that range.

So then a question might regard the extent to which we might go back into revisiting any aspect of that previous range  - and surely there have been some pretty heavy liquidity (aka scam/lack of collateral/overleveraging) events that have caused quite a bit of excessive downward BTC price movements - including questions regarding whether current prices are a bargain or if there might be more bargain in bitcoin's near-to-medium term future.

A simple reason is enough to understand why it is good to make ourselves among he strong hands. People continue to buy whenever the market turn negative. At that moment fear too accompanies thinking whether the recovery will happen or not. The simple answer for this, we need to calculate the percentage of people into cryptocurrency last year and this year. With time the users have increased, usage have increased and so will be the demand. This shows the supply demand mechanism push the price harder.

What's crypto?  We are talking about bitcoin in this thread.

Strong hands are buying bitcoin.

Whales are buying bitcoins

Intelligent investors are buying bitcoin

Governments are accumulating bitcoin

And those who are accumulating altcoins are greedy non-sense bunch of retail investors, who will get rekt one day or the other. Every day a crypto will be dead but only bitcoin is here to stay forever.

Well, also it seems to me that if people are using the term "crypto" when they are either talking about bitcoin, or trying to describe matters beyond bitcoin but related to bitcoin, but still speaking in vagaries by using the term "crypto" or "cryptocurrency", then it seems that they likely do not even understand what bitcoin is if they cannot find the words to incorporate bitcoin into what they are saying.. or at least to clarify why they are using the term "crypto."

I think to avoid misunderstanding, instead of Crypto or Cryptocurrency, the term used to direct other cryptocurrencies should be altcoin or alternative cryptocurrency.  Since Bitcoin is under the umbrella of the term cryptocurrency, it isn't wrong to say Crypto in place of Bitcoin, besides,  Bitcoin is the icon of Cryptocurrency, IMO

I don't agree.  Sure, if there are ways that you are able to clarify what you are talking about, then you may not get rath from me, and yes, there is so many people throwing out vague references to "crypto" and "cryptocurrency" which has caused a lot of others to be on a similar bandwagon as me.. in terms of trying to get people to specify what the fuck they are talking about.  I tend to not be against any of those terms as long as we know what is being talked, yet frequently the terms are ways to speak loosely, to mislead or to employ subtle insults, digs or even to create false equivalencies, so in the end, you can do what you like, but if you seem to be engaged in the same kinds of ambiguities, then you might either draw attention to yourself or you might end up confusing or misleading your audience.. whether you want to do it or not.  So it is up to you regarding how clear you want to be, and surely sometimes there can be legitimate purposes to be vague or to speak generally.. so sometimes the use of vague and misleading terms will not be essential to other valid points that might be being made (or discussed).

A simple reason is enough to understand why it is good to make ourselves among he strong hands. People continue to buy whenever the market turn negative. At that moment fear too accompanies thinking whether the recovery will happen or not. The simple answer for this, we need to calculate the percentage of people into cryptocurrency last year and this year. With time the users have increased, usage have increased and so will be the demand. This shows the supply demand mechanism push the price harder.

What's crypto?  We are talking about bitcoin in this thread.

Strong hands are buying bitcoin.

Whales are buying bitcoins

Intelligent investors are buying bitcoin

Governments are accumulating bitcoin

And those who are accumulating altcoins are greedy non-sense bunch of retail investors, who will get rekt one day or the other. Every day a crypto will be dead but only bitcoin is here to stay forever.

Some altcoins perform good resistance against bad market condition, but most of them just pump and dump. . [edited out mostly shitcoin trading ideas.. aimed at getting more bitcoin or who knows what the aim might be?  to get more dollars, perhaps? who knows? who cares?]...

Yeah.. but you are still quite off topic to be going into the area that you were talking about... We are talking about bitcoin in this thread, and if everyone wants to talk about their favorite or least favorite shitcoin to play around with. .then we are devolving into causing headaches.. and not really having any kind of a meaningful discussion that is related to king daddy..  rather than meandering nothingnesses.

[Raflesia]

It's not too surprising because it's certain that they did that, especially with the buzz from the start they adopted bitcoin, of course they will take advantage of this, but on the other hand, this might also be a kind of strategy by continuing to buy now because we really don't know what will happen at this time, especially with the condition of bitcoin which is very difficult to predict.
But on the other hand, this actually makes me worry too because we know that El Salvador has collected lots of bitcoins now and of course we also know that what we are looking for is profit, hopefully this doesn't come back to attack us in the future.

[wmaurik]

I think to avoid misunderstanding, instead of Crypto or Cryptocurrency, the term used to direct other cryptocurrencies should be altcoin or alternative cryptocurrency.  Since Bitcoin is under the umbrella of the term cryptocurrency, it isn't wrong to say Crypto in place of Bitcoin, besides,  Bitcoin is the icon of Cryptocurrency, IMO

The opinion you give is not wrong, but I personally always sort out between Bitcoin and other cryptocurrencies because for me Bitcoin is more than any cryptocurrency that exists at the moment and when someone says cryptocurrency without mentioning Bitcoin, I don't think that person is likes Bitcoin because it could be when someone says cryptocurrency is only for altcoins that he likes, not for Bitcoin which is clearly liked by many people.

[CryptSafe]

This is the biggest opportunity for anyone to buy BTC. BTC has an inflation rate lower than gold and it will continue to drop after the next halving and future halvings. I am forever grateful to be in this space. I am a step ahead.

The price of bitcoin dropped from $69,000 to $16,000.  This is a very strong drop in the price of bitcoin. 

However, are there any fundamental reasons for the fall in the price of the first cryptocurrency? 

Certainly, there are some reasons...

Recently, the pressure of state regulators on cryptocurrencies (and bitcoin, in particular) has increased.  There are accusations against Bitcoin that the impact of its mining on the global ecology is negative. 

However, such accusations are largely manipulative in nature.  Bitcoin is a very promising financial asset.  This decentralized protocol for the transfer of value in the virtual space is of great fundamental importance for all of humanity. 

Therefore, in the long term, the price of Bitcoin will rise.  Right now, in my opinion, is a good time to invest in Bitcoin.

As you have noted, it is absolutely the right thing to do by buying an holding. This is a bear market which no one knows when it will be over. From what you have said, there is likely some reality in them. This bear market was actually or likely as a result of the clamp down on Miners at first with the impression that Bitcoin mining has a negative side effects on the environment and climate which in the real sense they are anti Bitcoin trying to stop Bitcoin by all means. Not only that the government ban on regulations are another side effects on Bitcoin those countries affected were forced to selloff and it drastically affected the price of Bitcoin too. I strongly believe that the Government's are very much afraid and would want to at any length control the system under the guise of regulations which seems difficult for them. They are loosing grip of the masses which is a big night mare to them.

The more they act the more it affects the market the more strong hands bag more of it. As a smart investor this is the right time to bag more and do not forget to use or invest with funds you can afford to loose.

[Wakate]

Since this like a big opportunity to hold some Bitcoin, we can buy now at any price and forget about what the Bitcoin price will be soon. This looks like an opportunity for us to hold some tokens so that we can be of an investor. The market will keep moving to any direction that we don't know so we need to be ready to hold and keep our token.

It is just too funny that those people that are selling their Bitcoin may end up not getting the full opportunity that we have now to hold and wait for the market to move well so that we can make good profits. The market may still go down more but for us that are still holding, we have the opportunity to benefit more when the market goes up.

Strong hands are buying especially for those that have the funds to keep buying and holding till when the bear market will be over, then there will be bigger opportunities waiting for patient holders.