ㅤ

[Antonas1]

~ snip ~

I think that the time when Bitcoin could make rich mostly every supporter are over.

It could be. But there are still a lot of people out there who think about it, even some of my friends in real life. Seems like "Bitcoin can make you rich" is a big motivation for them.

Yes, it is still volatile so some earnings can be achieved and nowadays, but Bitcoin will not get 1000x no more. ~

I don't know. I don't really like things about price predictions; too many predictions make me confused.

[Adbitco]

It's sad to say but very correct sometimes it does happened to me and when I would realized is already late and I have to wait for some changes in percentage or increase to recover from the previous lost and then would likely decided to buy more utilizing the opportunity of the dip while I kept losing the best chances to sell when it was little bit higher and then wait for another best move.
The recent bull was only for a trap, I was shocked visiting CMC and to found out we are already on $17k from +$21k within the short period of 24hrs.

[Dorothy V]

Years pass, cycles pass, but nothing changes.

https://i.imgur.com/uOjAZcj.jpg

I wonder how much longer it will take for people to realize that low prices are a CHANCE to buy, not some kind of disappointment. Instead of taking this chance, they are burying bitcoin. Instead of taking profits or enjoying an increase in the value of their assets, they start buying. They buy at the top of the market, and then they say that bitcoin is a pyramid scheme and a scam. Now I am talking to some people IRL, who are also interested in cryptocurrencies.

I ask: Have you already bought bitcoin?
Answer: No. I'll wait until he recovers.

In fact, some people think we are foolish to think this way. In fact, to consider it from another angle, many people are also chasing and buying when the price is rising. I agree with you that now is not the time to pick up chips, and I also think it's really unhealthy right now.

[Marcellin9]

I wish I'd have bought a lot bicoins when they were cheap, but poor man, by the time that I could afford bitcoins, the prices were already extremely high. Sorry man, I wouldn't buy any expensive ones either.

[AHOYBRAUSE]

If I had the funds now I would buy buy buy.

But I don't so I won't.

Definitely undervalued thanks to this  FTX nonsense yet again.

Will go back up again soon and then we will all say, damn should have got in at 16k.

[Ludmilla_rose1995]

If I had the funds now I would buy buy buy.

But I don't so I won't.

Definitely undervalued thanks to this  FTX nonsense yet again.

Will go back up again soon and then we will all say, damn should have got in at 16k.

if you don't have the money to buy Bitcoin at this time then don't force it, unless you are someone who likes high risk, you can make a loan to the bank and then buy bitcoin at the current price. the price of bitcoin per day is between $16k++, and the possibility can still go down, the market is saturated and this is a good moment to buy, you should be able to take advantage of the bearish moment to buy more.

[Artem Sereda]

This is the sad reality of the thinking trend with the majority of people.... they do not want to buy when the prices are low, because they think it is collapsing. The Bitcoin price has bottomed out for many months around $20 000 ...so people should have realized now that it possibly the best time to buy now.

They wait until it has significantly recovered and when the media starts to notice... then suddenly people jump in and buy at a much higher price. (making almost zero profits or even losing some money.. when it drops again) 

This behavior can be understood. The question here is not the desire to buy cheaper. You can't know for sure that the price will go up when all the arguments point to the fact that a recession is happening now. And buying now is a risk for many. The last time bitcoin fell, but everyone understood that it would soon go up again. Now its growth is slowed down by additional factors not there last since bitcoin was not so popular.

[Altryist]

There is nothing wrong with doubt. Just need to use them correctly. For example, doubt can help avoid the stupid investment of shitcoins if it quells greed. In the case of bitcoin, there are fewer doubts every year, and more and more people who trust it. And it looks like the credibility of bitcoin is growing even more with each successive cyclical increase, which encourages people to buy at precisely the moment when the price is high. They are guided by the fact that if the price has risen, it will definitely rise again, which looks naive from the point of view of those who have seen bitcoin cycles.

The trap is that no one knows exactly where ATH will be this time and so people will buy at a high price in the hope that the growth will continue. It really looks naive when you understand the cyclical nature of the market, but this is not obvious to everyone. Now is the best time to buy, but I also think that not many people will buy now, for many reasons, from the fact that they do not have money left for this, and ending with the fear of doing it.

[Antonas1]

~snip~ unless you are someone who likes high risk, you can make a loan to the bank and then buy bitcoin at the current price. ~snip~

I wouldn't suggest that to anyone, even if he's a person who dares to take high risks.
When dealing with loans, you have a time limit to repay it. If the time's up and you still haven't made a profit, then you're done. It would be better if you buy bitcoins with the money you have, regardless of the amount. If you don't have money, don't be a fool.

[CryptoHeadlineNews]

Years pass, cycles pass, but nothing changes.

I wonder how much longer it will take for people to realize that low prices are a CHANCE to buy, not some kind of disappointment. Instead of taking this chance, they are burying bitcoin. Instead of taking profits or enjoying an increase in the value of their assets, they start buying. They buy at the top of the market, and then they say that bitcoin is a pyramid scheme and a scam. Now I am talking to some people IRL, who are also interested in cryptocurrencies.

I ask: Have you already bought bitcoin?
Answer: No. I'll wait until he recovers.

And now, another opportunity has presented itself with Bitcoin currently below $17000 at the moment, but don't be surprise that it willl be the same few that will still take advantage of this gold current change in price difference.
One thing I have observed about people and Bitcoin is that when its price rises, so does its news goes viral, making people talk about it and even consider giving it a try by buying. And vice-versa, so does a fall in its price also create a panic in the minds of people, to the point of most people selling, while the rest scared of buying simply because it may fall again, forgetting the fact that after every fall comes a rise due to its volatile market nature

[Bitstar_coin]

Even with this cheap price of btc many still won't take advantage of it. Everyone hoping to catch the bottom which they may not be able to catch then eventually miss out.
If this is not a lifetime opportunity I don't know what is. This is when the popular phrase "be daring when others are fearful and be fearful when others are daring comes into play.

[Obari]

Years pass, cycles pass, but nothing changes.

I wonder how much longer it will take for people to realize that low prices are a CHANCE to buy, not some kind of disappointment. Instead of taking this chance, they are burying bitcoin. Instead of taking profits or enjoying an increase in the value of their assets, they start buying. They buy at the top of the market, and then they say that bitcoin is a pyramid scheme and a scam. Now I am talking to some people IRL, who are also interested in cryptocurrencies.

I ask: Have you already bought bitcoin?
Answer: No. I'll wait until he recovers.

Most people in crypto and Bitcoin to be precise, would want to buy the dip but you should know that the major problem we have is the funds to buy it.
Alot of people like myself are crying serious as we don't have the kind of money to buy the dip massively despite me buying some Bitcoin yesterday https://bitcointalk.org/index.php?topic=5420373.msg61269241#msg61269241
I do wish I could buy more and I'm very certain in less than a year or two, we should be recovering from this dip

[RealMalatesta]

Looks like we may get to buy cheap bitcoin soon after all. The situation with FTX does not look good at all. It has LUNA written all over it. $20,000 is cheap but we might get the chance to buy cheaper in the next week or so, something to keep an eye on.

The beginning of the second week of November provides an opportunity for us to buy Bitcoin at a price below $19k because the price of Bitcoin is currently selling at $18.2k per 1 BTC. Is it possible that it's caused by an FTX problem?

It’s all a moot point long term though, it won’t matter if you bought at $15,000 or $50,000. We are going to $100,000+ before 2026.

It will always make us smile happily when we hear things like this. There's no reason for us to refuse because we always believe that Bitcoin will hit $100k or more in that year.

The fact that we could end up with something under 19k right now is such a lucky thing for all the buyers. Maybe the people who hold could feel a bit sad, I am holding some but I am not feeling sad at all right now because I feel lucky that I could buy it at this price.

I understand that not many people would feel that way and they would rather have something higher, even if that means they will only profit a bit, not a lot. I prefer it to go down, to 15k hopefully or even 10k, because even though that hurts us, it means that we are buying it cheap right now and we can later sell it for 100k or more when the bull run comes. That’s the thing I care about, the future profit, not how much profit I have today.

[Sebas.tian]

Yes OP, It will be hard for such people to make a good profits like other people that always make use of bearish market to buy Bitcoin and hold, because they believed bullish market will definitely come for them to sell to make a huge amount of income from their investment. Those that want bullish market to appear before they can buy and sell, will not enjoy the market income the way those that bought when the price is low in the market and wait for bullish season to come before they can sell to embrace a good incomes that will make others people that used to buy Bitcoin when the price is high to learn so that they will be part of income making in the future.

[wxa7115]

The fact that we could end up with something under 19k right now is such a lucky thing for all the buyers. Maybe the people who hold could feel a bit sad, I am holding some but I am not feeling sad at all right now because I feel lucky that I could buy it at this price.

I understand that not many people would feel that way and they would rather have something higher, even if that means they will only profit a bit, not a lot. I prefer it to go down, to 15k hopefully or even 10k, because even though that hurts us, it means that we are buying it cheap right now and we can later sell it for 100k or more when the bull run comes. That’s the thing I care about, the future profit, not how much profit I have today.

A great deal of the forum members are an exception since most people care more about the short term than the long term, the fact that you can think about what the price of bitcoin could be in a few years or even decades shows that you have what it takes to become a good investor.

However this is not the way most people think, they see the price of bitcoin going down and the losses they are experimenting and they are incapable of thinking about anything else, and the same is true when the price is going up, which help us to explain why most investors prefer to buy bitcoin when it is expensive than when it is cheap.

[Adrian Genty]

It is relatively simple for beginners to "buy low and sell high". They will quickly sell their coins when the price is low, and want to buy quickly when the price of the coins shows signs of rising.
People who stay in cryptocurrencies for a long time will only buy when the price rises.

[Mikayla Buckley]

I wonder when will people finally learn it? 

Only when they develop their own trading or investment strategy. A person without a strategy is just a part of the crowd that repeats after the rest.

These kind of people do not know about the cycle, they do not know that BTC has a history behind it that repeats itself, but they only know BTC's value can increase and that is what their interest is, that's why they are never interested in winter periods but bull periods only, it is the same in any other field, you can only know what you take out your time to learn and understand. The people who understand the history and cycle are those that have made their research on it, and afterwards experienced it with the knowledge they have, this kind of knowledge is what get rich quick investors do not have, that's why they invest only when it is fomo time.

Most likely, the majority are not interested in the structure of markets at all, but act on the basis of a herd instinct. Everyone buys - and I will buy. Nobody buys - and I won't buy.

I totally agree with you that many people are not masters of their own minds. Many people do not have their own knowledge of Bitcoin and are not interested in in-depth research. I have seen such a person, he does not know much, but he can say a few words. When there is no topic to talk about, the most talked about is the price. In fact, what he cares about is not only the price, but also the people who are in the same situation as him. Even when the price has dropped a lot, what he is looking for is comfort and a little self-anaesthesia in his heart.

[Kelvinid]

Regrets certainly come into my mind and ask "why I'm not buying Bitcoin when it was $1000?"

But I realized that it was my fault, I'd never trusted Bitcoin before - all are just doubts due to some social media influence talking negatively.
However, it was not too late to buy Bitcoin, in fact, we have given the chance during the bear season. I hope those who miss buying Bitcoin at a cheap price will never decline this opportunity and change their mindset.

[Vaculin]

hahaha, that meme is all over the place on Reddit and Twitter  maybe the reason why people not buying when cheap is because lack of money and fear when the market continue to drop and why people buy at higher price because they might think the price will continue to Rose

That is mostly the mindset of people who came to invest without real knowledge about bitcoin. And since they believe on it, they start doing the opposite way, buying at a high price and selling at a low price, and certainly end up losing and blaming bitcoin for their wrong decision. However, if they don’t start making wrong decisions and losing their capital when they are still newbies, they will never learn and never grow from crypto investments.

[tjtonmoy]

The thing is it has a lot to do with the way human minds are created. We are always afraid to lose to our emotions and self-doubt. That's what keeps us in doubt in every step in your life.
If we succeed we get confidence and motivated to do that again. if we don't then we just stay away from that.
But it doesn't end there. certain actions leads to confidence and failure in that same situation can make us to stay away from that too.
If you can overcome that fear and let yourself have faith in yourself that i think many people won't face this such thing.

Yet again that is not how we are created. In a certain point of our life, we will doubt what's real if we can't see the results.

There is nothing wrong with doubt. Just need to use them correctly. For example, doubt can help avoid the stupid investment of shitcoins if it quells greed. In the case of bitcoin, there are fewer doubts every year, and more and more people who trust it. And it looks like the credibility of bitcoin is growing even more with each successive cyclical increase, which encourages people to buy at precisely the moment when the price is high. They are guided by the fact that if the price has risen, it will definitely rise again, which looks naive from the point of view of those who have seen bitcoin cycles.

This was for newbie in the crypto world. They try once and if they loose they lost the hope to do it again. Once i was the same way. People changes based on what path they choose next after their failure.
I got my path straight and had faith to do it again after loosing almost 80% of my total holdings. Newbies never seems to take the next risk. Which is created from doubt.
That is what i tried to explain. I am sorry if you didn't understand that correctly. It was me lacking the correct way to explain it.
Thanks to you for making this more clear.