Why You should not worry about BTC price action

[BlockchainMentors]

Good chart, seeing the price in it, many people will think that what was the low price before and now it is worth more than that. It is so much to be motivated because there will be a boom in the crypto market but it will take some time as it happened between 2010 and 2012 and since 2015 its price has gone up a lot.  Thanks buddy for sharing this information.

[wmaurik]

In this case there will certainly be many people who think the same thing as you said but many people still feel confident that Btc will still go down so there are still a lot of people who will continue to wait until the price they really believe is the price even though actually buying at the current price is still worth it, in my opinion, especially for people who often do DCA and are consistent there.

That's true and let's say there were some people who bought Bitcoin at a price of $18k or $19k in the last month, surely by now they have also benefited because the price of Bitcoin is already at $22k. In fact, it has become a sign that Bitcoin can still be relied on for the best asset in terms of investment and also in terms of profit.

[South Park]

Quite optimistic approach. I doubt that.
This bear market might continue to dominate for the rest of the year, it might last at least until the start of the next Bitcoin halving. That is where Btc usually hypes up as people are always expecting a bullish movements during and after the halving.
This year, Btc might struggle climbing back to $30k, let alone the $50k. That's kinda hard to achieve base on the current market sentiments.

The bear market may even last until the end of next year, no one knows exactly how long the fall will take. But as for local growth, I do not rule out that growth up to 30k is possible, even now. Many believed that the fall would be long and there was no need to count on growth, and therefore there could be local growth now, against the expectations of the majority. But after that I expect that the fall will continue and it will be protracted.

That is what makes resisting the bear market so difficult, the fact that we do not know how long it is going to last is what makes a great deal of investors to sell their coins and capitulate, if we knew for sure the bear market is going to last until the end of the next year then I think a great deal of people could survive the bear market, but since we do not know for sure then a great deal of people begin to think that the bear market is going to last forever, and it is because of those thoughts they cannot endure the bear market.

[justdimin]

The bear market may even last until the end of next year, no one knows exactly how long the fall will take. But as for local growth, I do not rule out that growth up to 30k is possible, even now. Many believed that the fall would be long and there was no need to count on growth, and therefore there could be local growth now, against the expectations of the majority. But after that I expect that the fall will continue and it will be protracted.

That is what makes resisting the bear market so difficult, the fact that we do not know how long it is going to last is what makes a great deal of investors to sell their coins and capitulate, if we knew for sure the bear market is going to last until the end of the next year then I think a great deal of people could survive the bear market, but since we do not know for sure then a great deal of people begin to think that the bear market is going to last forever, and it is because of those thoughts they cannot endure the bear market.

How long it will last is irrelevant when you are resisting, because "resisting" sounds like you are doing something to back that off, in reality all you do is nothing. People need to realize the beauty of it, in order to profit from the long term investment, all you need to do is...nothing. If you bought, and you are waiting, and not selling, then what other action are you doing than nothing? Hence, resisting is easy, wait.

I personally keep on buying more and more, I would suggest the same. Unfortunately July has been one of the worst months in the past 1 year for me personally, so August will be so much more difficult that I would probably not even have enough to live, but I will earn a good chunk in September so it's fine. But so far, until this moment, I kept on buying more, and I am happy about it.

[Cling18]

The type of investor that will be successful is not panic when looking at the price of drops, this is precisely a good opportunity to buy at a low price, I'm sure many are sorry not to buy bitcoin when the price is $ 19k and now the price is more than $ 23k and I'm sure tomorrow or The day after tomorrow the price of Bitcoin will reach $ 25K, so it's not too late if we immediately buy and get a price of $ 23K.

Many of us are losing the opportunity to maximize our gains because of the fear of buying during the bear season and not seeing it as a chance to accumulate while the price is still down. They only feel regretful when the prices strike high and when the market recovers. If that happened to us before, we should've taken it as a lesson already and we should have an idea on how to deal with the market.

[Russlenat]

I've come to terms with waiting a few years before I can see a possible recovery in order to sell, I'm not too worried despite the upsetting situation in the market and the economy in general. Having made that mistake in the past, where I abandoned Bitcoin in 2018, only for it to recover two years later, rendering it one of the largest mistakes I made involving cryptocurrencies, as it was an opportunity that could possibly result into thousands in profit.

Good profits always come to those who learn to be patient and stay positive mindset despite of the market condition that is very bearish. What we have at the moment is never new at all, as bitcoin has plummeted it’s price and is considered a lot of times, but look at the price now, it’s starting to recover and we all know that if the market turns green already, we will always see bitcoin skyrocketing and reaches its new ATH again.

[nakamura12]

I don't think that the price of btc will decrease to below 10k just like before. I do get notifications that the btc price increase and also decrease so, my guess is that the btc price is more likely up and down as of now and maybe it may be sooner that the price of btc will reach 40k again then that would be a profit for those who buy btc when it hit 20k.

[Wawa2013]

I don't think that the price of btc will decrease to below 10k just like before. I do get notifications that the btc price increase and also decrease so, my guess is that the btc price is more likely up and down as of now and maybe it may be sooner that the price of btc will reach 40k again then that would be a profit for those who buy btc when it hit 20k.

The Bitcoin support price is strong enough to keep Bitcoin above $20k, and I agree with you that Bitcoin will not drop below $10k. This means
that the decline that occurred this year was not as bad as it was in 2018, then we must have a positive mind and don't worry too much about
the current Bitcoin price situation. So my advice is to just collect as much Bitcoin as possible now according to our respective financial capabilities,
so when Bitcoin price recovers, we can make big profits from Bitcoin. I'm even optimistic that by the end of this year the price of Bitcoin can return
to the price of $40k-$50k, so we can imagine the profit generated if we buy Bitcoin at the current price.

[STT]

It seems unlikely but as a spike down we could get 4 digit prices I suppose.   This is a consideration as a function of volatility which could rise further, my ongoing premise is volatility is tending to trend up so I have to respect that can also mean lower then expected prices too.  Overall I dont see BTC as staying that low beyond a spike or margin test for some perhaps, the reason being FED is likely unable to combat inflation effectively.
  Even by their own stated policy the FED intends to create inflation of at least 2% and probably higher in many instances and sectors of the economy.  Generally BTC is not going to suffer especially harsh or 'hard' money environment but this is long term and certainly rising rates creates concern short term.

[BitcoinPanther]

Good chart, seeing the price in it, many people will think that what was the low price before and now it is worth more than that. It is so much to be motivated because there will be a boom in the crypto market but it will take some time as it happened between 2010 and 2012 and since 2015 its price has gone up a lot.  Thanks buddy for sharing this information.

Yeah, it is a good chart, and seeing this chart can bring confidence in the Bitcoin market. Why?  It simply shows the capability of Bitcoin to bounce back and create a series of ATH-breaking events.  So with that chart in mind, the Bitcoin dip in this bear market is a sign that a trader should accumulate because when the market transitioned to Bullish sentiment, a huge profit is waiting up ahead.

[CryptoHeadlineNews]

From the graph, it shows that in 2010 from a low of $0.09, it rose to $26.90 by 2.960%. fast forward to 2014-2015, we experienced a price dipping from a high of $1,238 to $687.50 then to $315.21.

This data is ok, but it is the graphical representation of these data that is not ok by me, because this is a graph and as such all the data were meant to be uniformly arrange on both x and y axis. Because I could see that the y-axis which represent the price of Bitcoin is not unformly arrange, because $50,000 is supposed at be the middle of $0 and $100,000, but in your graph I could see $50k closer to $100k, which is not supposed to be that way.  Because every little thing in a graphical representation is meant to speak volume. Example below

[Sterbens]

I don't think that the price of btc will decrease to below 10k just like before. I do get notifications that the btc price increase and also decrease so, my guess is that the btc price is more likely up and down as of now and maybe it may be sooner that the price of btc will reach 40k again then that would be a profit for those who buy btc when it hit 20k.

Right, I thought so too. Indeed, the decline this time is quite sharp. But when it comes to touching prices at or below 10k I'm not sure about that. I still believe that in the near future bitcoin will make us smile again. Slowly but surely bitcoin shows the development that we really expect. I'm very sure of that.

[SirLancelot]

Bitcoin is a digital exchange currency born in 2009.Everyone needs to be cool on bear season .Only newuser in crypto  afraid to the current price of BTC.but old member know this very well about this situation. becuase they see this type of price fall many time and they face this and know how to handel on this situation.More and more businesses accept Bitcoin in exchange for their products or services and its adoption has become massive, especially in electronic commerce. You can buy from video games to a package Tesla. That’s right, you can take a car with zero kilometers paying only with your bitcoins.Bitcoin’s first “big” jump happened in summer 2010.

Btc is not an exchange but you can simply say it was a digital currency and also crypto was invented or born in 2008 but it was later released for public use on 2009. Easy for you to say to be cool because maybe you bought a much lower price before btc dips this hard while some of us here bought at a much higher price. They are losing a lot now, that's why it's hard for them to cool down.

It is still possible for a new user to become more knowledgeable and not to be afraid of this dip because nowadays, there are now a lots of information about btc, inside or outside of this forum. You can buy some things with your btc but not tesla because they already cancel their support for bitcoins long time ago.

[Yatsan]

The type of investor that will be successful is not panic when looking at the price of drops, this is precisely a good opportunity to buy at a low price, I'm sure many are sorry not to buy bitcoin when the price is $ 19k and now the price is more than $ 23k and I'm sure tomorrow or The day after tomorrow the price of Bitcoin will reach $ 25K, so it's not too late if we immediately buy and get a price of $ 23K.

Those who are worried because of the bear market simply shows how aware they are with their investments. It is not always focused to who are the ones who can ignore the market situation in particular with downs, but those who would endure things. Enduring on the other hand, I believe, includes taking the 'damage' of their actions. Seeing how low the market is getting, would normally sadden investors, but taking the exit is surely, another thing. Allow people to panic if they do feel so, but guide them on what is best to do. It won't always be being optimistic 'coz that would make an individual delusional in some way. We are talking about investments and positive and negative sides are always expected.

[Smartvirus]

The bear market is never friendly to newbies investors. Especially those for whom might have invested at a high price and are only experiencing the bearish market for the first time. It takes one with a deep knowledge of bitcoin, a truly bitcoin enthusiast and one that takes his or her investment by the horns to hodl until the bullrun comes.
This has been my stronghold and I've got the forum to thank for it. It's my first bearish or winter season in the market and I must say, its not as sweet as it looks even with the fact that, it offers a buying opportunity for which I continue to invest. In times like this, the only way to never loose is to never sell. Your value stays reserve and would only be realised in the bullish trend. You loose nothing by hodling.

[South Park]

That is what makes resisting the bear market so difficult, the fact that we do not know how long it is going to last is what makes a great deal of investors to sell their coins and capitulate, if we knew for sure the bear market is going to last until the end of the next year then I think a great deal of people could survive the bear market, but since we do not know for sure then a great deal of people begin to think that the bear market is going to last forever, and it is because of those thoughts they cannot endure the bear market.

How long it will last is irrelevant when you are resisting, because "resisting" sounds like you are doing something to back that off, in reality all you do is nothing. People need to realize the beauty of it, in order to profit from the long term investment, all you need to do is...nothing. If you bought, and you are waiting, and not selling, then what other action are you doing than nothing? Hence, resisting is easy, wait.

I personally keep on buying more and more, I would suggest the same. Unfortunately July has been one of the worst months in the past 1 year for me personally, so August will be so much more difficult that I would probably not even have enough to live, but I will earn a good chunk in September so it's fine. But so far, until this moment, I kept on buying more, and I am happy about it.

I am not denying that for people like us which have experimented a bear market before and have been in this market for a long time a bear market is not really that difficult to endure, however I think it would be a mistake to use ourselves as the standard because if the rest of investors were like us then the price of bitcoin will not crash as hard as it does from time to time, people do indeed have problems to hold their coins and it is a struggle for them to do so as they cannot stop themselves from thinking about how they should have sold at a particular level and now they feel trapped.