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Author Topic: Stop the panic, I doubt we will see 14k or less Bitcoin  (Read 2839 times)
AmoreJaz
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December 15, 2022, 11:47:11 PM
 #201

Yeah, that is right --as we can see, the market experienced again a correction after it shows resistance yesterday.
A volatile nature was expected for bitcoin price but it does not mean I agree that there is a $14k button because luckily, that was not happening as of this year. This correction will perhaps trigger the price to increase again by this month which is only my speculation. There is no negative news that happens around only Binance FUD that perhaps the reason bitcoin price now reacts to this.
High potential for a correction to occur in current market conditions, the $14k button is probably the worst that will happen if the market has returned another $15k by the end of this year, I was expecting the market to stabilize in the $18k area but sadly it didn't happen and so the hopes are early next year be a fresh start for market growth, i would like to see $20k price in january next year.

well, this price may not happen but it depends on how we attack this market to take the opportunity of what the current market price is. it may go down a lil bit but what are you doing when we hit the bottom?if nothing else, so going down or not, there's no impact on your portfolio. it will have significant meaning if you are investing some coins while we are at this bearish season.

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December 15, 2022, 11:51:32 PM
Last edit: December 16, 2022, 12:29:56 AM by STT
 #202

Negative action as we back off from the 50 day average.   I feel we can still test 20k but next week rather then this week, lows of today are the weekly average which is where I pivot between a bullish short term outlook and expecting further selling.   If we can hold the lows of 14th Dec till the weekend then BTC could trade positively for the rest of the week.
   17299 is the price to watch for the meanwhile to determine outlook ongoing, otherwise 17k is a bigger area with more common ground to hold support/resistance.

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yudi09
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December 16, 2022, 04:01:58 AM
 #203

We must not convince people that investing here can bring the desired profit because the nature of the market is very volatile.
It's not supposed to convince everyone on every investment, but if someone asks about a good investment in crypto. I don't think it would be wrong if we try to recommend it for him according to the experiences we have seen or felt in the past. Because it can at least be a basic knowledge for him for the scope of investment before he makes a final decision on himself by understanding some of the risks.
It is not wrong for us to do (recommend) to others a good investment choice in the crypto space based on our experience and knowledge on Bitcoin. We need other actions that need to be taken if we recommend the person, such as describing the risks that will be obtained to avoid mistakes that will be directed at us if they fail, unless the person comes and asks us what type of investment is good. If later in their journey they fail to achieve what they want, then we don't deserve to be blamed.
I think so buddy.

R


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laurenB7742
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December 16, 2022, 04:34:25 AM
 #204

We must not convince people that investing here can bring the desired profit because the nature of the market is very volatile.
It's not supposed to convince everyone on every investment, but if someone asks about a good investment in crypto. I don't think it would be wrong if we try to recommend it for him according to the experiences we have seen or felt in the past. Because it can at least be a basic knowledge for him for the scope of investment before he makes a final decision on himself by understanding some of the risks.
It is not wrong for us to do (recommend) to others a good investment choice in the crypto space based on our experience and knowledge on Bitcoin. We need other actions that need to be taken if we recommend the person, such as describing the risks that will be obtained to avoid mistakes that will be directed at us if they fail, unless the person comes and asks us what type of investment is good. If later in their journey they fail to achieve what they want, then we don't deserve to be blamed.
I think so buddy.
Why not educate people about bitcoin instead of recommending they invest in it? Although we have experience and understanding of the market, we cannot guarantee that we will make a profit, so it is very risky to give someone financial advice.
I like, they should have basic knowledge before investing in bitcoin. They have to be responsible for their own money if unfortunately, they lose, they can't blame us. If they invest on our advice, they will think that we are trying to scam them.

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December 16, 2022, 06:49:18 AM
Merited by ShowOff (1)
 #205

Why not educate people about bitcoin instead of recommending they invest in it? Although we have experience and understanding of the market, we cannot guarantee that we will make a profit, so it is very risky to give someone financial advice.
I like, they should have basic knowledge before investing in bitcoin. They have to be responsible for their own money if unfortunately, they lose, they can't blame us. If they invest on our advice, they will think that we are trying to scam them.
The important point lies in their seriousness to learn by asking us how to invest in the crypto space. If that's done, then we have to explain and if necessary need special guidance so they can understand what they have to do.

At first I did not advise people to invest in crypto for fear that one day we will be blamed considering that investing in crypto does not always get the maximum profit. Back again with the discussion that I don't want to be blamed for suggesting without explaining the risks involved.

R


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December 16, 2022, 10:53:02 AM
 #206

Panic is a bad attitude and will make us regret, panic usually occurs because we make decisions too quickly or because we are pressed, especially when we see our assets dropped it will make us panic and immediately want to sell, from now we must prepare ourselves so as not to panic.
actually it's a very common thing and everyone can experience it, it's just a matter of how the panic situation can be handled as well as possible so that it doesn't make mistakes in anticipating what will be done. In a panic situation, you are very vulnerable to taking actions that can end up hurting yourself, but if you are used to experiencing them, you will be able to manage so that you don't panic too much in the actions you will take.

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December 16, 2022, 05:53:46 PM
 #207

We may find out soon. I think the Binance FUD is nearing some sort of conclusion. Now that their auditor quit, it seems there is a bit of fire below all that smoke. Something will have to happen soon. Either Binance proves without a doubt they have the money to back deposits, or they don’t and the market crashes again. I tend to think Binance isn’t as strong as they say and BNB is ripe for a blowup. We’ll probably find out for sure soon enough.

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December 16, 2022, 05:57:27 PM
 #208

Long-term patterns must also have the desired target. But the benefits of choosing long-term investments in my opinion apart from avoiding high levels of panic like most traders, can also be an alternative to maintaining hedges even though the journey will not be free from risk. At least the risks are much smaller than the short term.

We must not convince people that investing here can bring the desired profit because the nature of the market is very volatile.
Of course, the short term and long term must be carried out with targets that we set from the start. It is something that should not be forgotten to suppress the natural greed that resides within us. By setting the target from the start, we will know what to do when the price reaches the target.

I also agree, we should not convince people to invest solely for profit. After all, it is they themselves who must determine whether or not they are interested in investing in bitcoin. Our task is only to thoroughly explain what bitcoin is, how it works, the risks and benefits and so on. After that it's up to them what they want to do.

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December 16, 2022, 06:41:03 PM
 #209

The important point lies in their seriousness to learn by asking us how to invest in the crypto space. If that's done, then we have to explain and if necessary need special guidance so they can understand what they have to do.

At first I did not advise people to invest in crypto for fear that one day we will be blamed considering that investing in crypto does not always get the maximum profit. Back again with the discussion that I don't want to be blamed for suggesting without explaining the risks involved.
It is not obligatory for you to ask someone who knows nothing about investing to invest without basic knowledge. Crypto investment is always a high risk for anyone involved, including bitcoin. But of course you can spread awareness that bitcoin investment is one they can consider rather than just physical assets like gold, property or land.

Even if you tell them, you are not responsible for any losses or profits they generate. Look at how many people are panicking and worried about the future of their investment in crypto, so every decision has to be considered carefully. So if it's someone who comes to you for knowledge about bitcoin investing, then tell him about the risks instead of just the returns.

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December 16, 2022, 07:01:53 PM
 #210

Yeah, that is right --as we can see, the market experienced again a correction after it shows resistance yesterday.
A volatile nature was expected for bitcoin price but it does not mean I agree that there is a $14k button because luckily, that was not happening as of this year. This correction will perhaps trigger the price to increase again by this month which is only my speculation. There is no negative news that happens around only Binance FUD that perhaps the reason bitcoin price now reacts to this.
High potential for a correction to occur in current market conditions, the $14k button is probably the worst that will happen if the market has returned another $15k by the end of this year, I was expecting the market to stabilize in the $18k area but sadly it didn't happen and so the hopes are early next year be a fresh start for market growth, i would like to see $20k price in january next year.

Indeed, right now we're at 17k line and it's still not stable as the end of 2022 approaches. Needless to say, we might see a much lower price in the next couple months and I think it's best to think that way rather than expecting a price that is unlikely to come in the 1st and 2nd quarter next year as we're still in for some surprises before the bullish season will commence.

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December 16, 2022, 09:57:44 PM
Last edit: December 16, 2022, 10:10:34 PM by erep
 #211

Indeed, right now we're at 17k line and it's still not stable as the end of 2022 approaches. Needless to say, we might see a much lower price in the next couple months and I think it's best to think that way rather than expecting a price that is unlikely to come in the 1st and 2nd quarter next year as we're still in for some surprises before the bullish season will commence.
Crypto price expected to be lower if the support area doesn't hold 17k but hope we will see 20k till the end of the year but very hard to reach if the price corrects from $18k to $16k in one day, I am optimistic for price recovery in the second quarter of next year because kirpto market needs trust from investors and big news to support crypto price recovery.

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December 16, 2022, 10:30:51 PM
 #212

Literally articles are flooding saying the bottom isn't here etc etc.
No matter how much they try, the propaganda that the media is using to undermine cryptocurrency in all of the news is ineffective. Before the media or anybody else could demonize Bitcoin, it had come a long way.

The FTX thing sucked, but Bitcoin can only go so low with the amount of support it has and how integrated it has become with the banking system.
I'm genuinely concerned about the level of shock that what happened on the FXT exchange would cause to those who were impacted. Many investors are still sticking with bitcoin in the face of everything that is occurring in the cryptocurrency world. In expectation of a better day, they continue purchasing low in preparation for the bull run season

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December 17, 2022, 04:44:10 AM
 #213

Long-term patterns must also have the desired target. But the benefits of choosing long-term investments in my opinion apart from avoiding high levels of panic like most traders, can also be an alternative to maintaining hedges even though the journey will not be free from risk. At least the risks are much smaller than the short term.

We must not convince people that investing here can bring the desired profit because the nature of the market is very volatile.
Of course, the short term and long term must be carried out with targets that we set from the start. It is something that should not be forgotten to suppress the natural greed that resides within us. By setting the target from the start, we will know what to do when the price reaches the target.
I am more focused like that where all types of investments must have targets and of the two types of investment patterns, the long term is more comfortable for me to do.

Quote
I also agree, we should not convince people to invest solely for profit. After all, it is they themselves who must determine whether or not they are interested in investing in bitcoin. Our task is only to thoroughly explain what bitcoin is, how it works, the risks and benefits and so on. After that it's up to them what they want to do.
It should be like this. Without having to force people to invest if that person doesn't have the will to invest even though we realize that investing in Bitcoin is an investment that can protect our capital even though the risk is never far away.
Convincing people with the benefits that will be obtained is not always wrong as long as we are able to explain in detail.

It is not obligatory for you to ask someone who knows nothing about investing to invest without basic knowledge. Crypto investment is always a high risk for anyone involved, including bitcoin. But of course you can spread awareness that bitcoin investment is one they can consider rather than just physical assets like gold, property or land.
That's something I always avoid, buddy. We don't want to be responsible for people's losses when those people carry out investment activities because of us. However, if we have explained in detail regarding opportunities and risks, then that will be different and we will not be blamed, especially since the market price is in a declining pattern.

R


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December 17, 2022, 09:00:37 PM
Merited by yudi09 (1)
 #214

It is not wrong for us to do (recommend) to others a good investment choice in the crypto space based on our experience and knowledge on Bitcoin. We need other actions that need to be taken if we recommend the person, such as describing the risks that will be obtained to avoid mistakes that will be directed at us if they fail, unless the person comes and asks us what type of investment is good. If later in their journey they fail to achieve what they want, then we don't deserve to be blamed.
I think so buddy.
I have to chuckle inside my heart at this. Wink
Who is to blame you in this case? If you pay attention to the essence of what I said, it may also be almost similar to what you mean. And I say this because I have experienced abuse from those who are not at all grateful after getting some pointers for investing in the crypto space.

I have never prohibit anyone who wants to teach crypto investing to many people (including you), but don't ever regret it when your time is not appreciated and they instead blame you when they experience a loss in their investment. Even though you yourself have taught them sincerely and have used your precious time for free for them. Sorry, didn't mean to vent here, which is basically unnecessary.

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December 18, 2022, 04:55:03 AM
Merited by wmaurik (1)
 #215

It is not wrong for us to do (recommend) to others a good investment choice in the crypto space based on our experience and knowledge on Bitcoin. We need other actions that need to be taken if we recommend the person, such as describing the risks that will be obtained to avoid mistakes that will be directed at us if they fail, unless the person comes and asks us what type of investment is good. If later in their journey they fail to achieve what they want, then we don't deserve to be blamed.
I think so buddy.
I have to chuckle inside my heart at this. Wink
Who is to blame you in this case? If you pay attention to the essence of what I said, it may also be almost similar to what you mean. And I say this because I have experienced abuse from those who are not at all grateful after getting some pointers for investing in the crypto space.

I have never prohibit anyone who wants to teach crypto investing to many people (including you), but don't ever regret it when your time is not appreciated and they instead blame you when they experience a loss in their investment. Even though you yourself have taught them sincerely and have used your precious time for free for them. Sorry, didn't mean to vent here, which is basically unnecessary.
You are right. There is nothing to blame for this case because in essence they will look for people like us who continue to be convinced in Bitcoin as the best investment in the future as the world's progress and development.

Those who harass our activities because they do not understand about bitcoin and other potential crypto assets. We can say they are only trapped by the pleasure of trading for a moment but in the end they are fooled when everything they do cannot be responsible.

Bitcoin has crossed all processes ranging from not having prices to reaching the highest price and now Bitcoin is known as the most valuable asset. And where are they now? Those in the case you convey.

R


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December 18, 2022, 10:15:05 AM
 #216

Bitcoin has crossed all processes ranging from not having prices to reaching the highest price and now Bitcoin is known as the most valuable asset. And where are they now? Those in the case you convey.
We still want to reminisce with the usual joke, where the price of one bitcoin is not much cheaper than the price of a pizza, so let's imagine the current price of bitcoin which leaves such a long history since its launch. But rest assured, bitcoin has shown resistance to travel, thus making it a promising investment commodity, able to maintain investment value and place the only asset that is quite promising at this time.

Even today we have celebrated forum birthdays several times using Pizza.
Pretty entertaining isn't it!!!

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December 18, 2022, 05:02:13 PM
 #217

Bitcoin has crossed all processes ranging from not having prices to reaching the highest price and now Bitcoin is known as the most valuable asset. And where are they now? Those in the case you convey.
We still want to reminisce with the usual joke, where the price of one bitcoin is not much cheaper than the price of a pizza, so let's imagine the current price of bitcoin which leaves such a long history since its launch. But rest assured, bitcoin has shown resistance to travel, thus making it a promising investment commodity, able to maintain investment value and place the only asset that is quite promising at this time.

Even today we have celebrated forum birthdays several times using Pizza.
Pretty entertaining isn't it!!!
Indeed, in its not very long history, bitcoin has proved to be a solid investment, but that can only be said for early investors. For those people who bought into a hype because of fomo are losing trust in cryptocurrencies. And there are more such investors than those who make reasonable purchases. I don't know what will happen with cryptocurrencies in five or ten years, but I notice that interest in it is decreasing.

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December 19, 2022, 05:04:06 AM
 #218

Indeed, in its not very long history, bitcoin has proved to be a solid investment, but that can only be said for early investors. For those people who bought into a hype because of fomo are losing trust in cryptocurrencies. And there are more such investors than those who make reasonable purchases. I don't know what will happen with cryptocurrencies in five or ten years, but I notice that interest in it is decreasing.
Buying knowledge in bitcoin must set standards, investment timeframes and see ongoing market conditions, so that they have targets that are as expected. Especially now that only bitcoin can maintain investment value, the mention of cryptocurrency is still quite common in my opinion and has the potential to have other coin meanings, especially if it makes it a long-term investment standard for the next five or ten years. The potential of bitcoin is far more promising than cryptocurrencies in general.

This means that we must set standards in investing. Does the mention of cryotocurrency have the representation of bitcoin in it, because we often mention bitcoin directly than cryptocurreny in general.

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yudi09
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December 19, 2022, 08:57:37 AM
 #219

Bitcoin has crossed all processes ranging from not having prices to reaching the highest price and now Bitcoin is known as the most valuable asset. And where are they now? Those in the case you convey.
We still want to reminisce with the usual joke, where the price of one bitcoin is not much cheaper than the price of a pizza, so let's imagine the current price of bitcoin which leaves such a long history since its launch. But rest assured, bitcoin has shown resistance to travel, thus making it a promising investment commodity, able to maintain investment value and place the only asset that is quite promising at this time.

Even today we have celebrated forum birthdays several times using Pizza.
Pretty entertaining isn't it!!!
There are many other histories that have been experienced by many users of this valuable asset. For us, what Bitcoin has gone through is not a joke, but it is the most valuable history and deserves to be celebrated.
There is something else we need to remember that none of the predictions about Bitcoin have been correct, so many communities are still holding on to the belief that Bitcoin will continue to run amid the uncertainty of other cryptos born in this space.

R


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December 19, 2022, 10:34:58 AM
 #220

It's strange if we have known bitcoin for at least 2 years but still panic when the price drops, if we are smart then this opportunity is a good thing to keep buying, even if the price drops below $10k then I suggest to continue buying, don't do it ridiculous that is selling at a low price and loss.
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