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Author Topic: Stop the panic, I doubt we will see 14k or less Bitcoin  (Read 2840 times)
carlisle1
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December 19, 2022, 12:01:59 PM
 #221

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.

You need to mentally and financially prepared when investing your money with Bitcoin, the more you can buy and hold the
better chance to gain more when bull start to pump back.

There are many factors that affects this market, you must be willing to take time in investigating and observing how the 'market
will behave either long- or short-time frame.

From that point, even the price dump hard, you can decide what will be better for your investment.
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December 20, 2022, 04:21:34 AM
Last edit: December 20, 2022, 11:14:32 AM by Fara Chan
 #222

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.
The long history that has been traversed by bitcoin stuck a great trust in the community, that maintaining the value of assets and being able to defend itself in the midst of inflation is something perfect for bitcoin, almost many investment models that are destroyed during inflation and even tend to be unable to survive.

While Bitcoin has provided strong evidence to anyone, until it is worthy of being chosen and used as a long -term investment. Bitcoin has certainty compared to other crypto, that is a strong reason we still believe and continue to collect bitcoin.

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December 20, 2022, 10:46:21 PM
 #223

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.
I think those who have underestimated Bitcoin and have also said they don't like Bitcoin investments will not look for old people they have ridiculed in the past, unless they have no shame in themselves. And even if they still want to invest in Bitcoin and the like, they will definitely ask other people or at least on the Google search engine.

Quote
And where are they now? Those in the case you convey.
Now I don't know where they are or what they are doing. Because I always distance myself from people who think negatively about Bitcoin, even though they themselves don't really understand and don't really know how Bitcoin works and how it works. So for now I just choose to stay in an environment of people who have positive thoughts about Bitcoin so there isn't much advice and recommendations that need to be given to them because basically they know what is best for themselves.

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December 20, 2022, 11:06:29 PM
 #224

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.
Not that much,even 1 year or 6 months here on crypto space would really be that sufficient or enough time for you to realize on whats the market behavior in regards into its moving prices.
Speaking about $14k in price then it isnt really just that far off.

we could see much lesser before this year ends? No one really knows or it would be able on next year which it is really remaining to be speculative and this is
where people should really be that be aware about unpredictability because this is how it do behaves.

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December 20, 2022, 11:42:41 PM
 #225

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.

You need to mentally and financially prepared when investing your money with Bitcoin, the more you can buy and hold the
better chance to gain more when bull start to pump back.

There are many factors that affects this market, you must be willing to take time in investigating and observing how the 'market
will behave either long- or short-time frame.

From that point, even the price dump hard, you can decide what will be better for your investment.

Lacking of knowledge about possible scenarios is one of the main reason why they lose on their trades this is why newbies should invest on knowledge before taking hard decisions on their investment. If they can learn from those past events happen in bitcoin history for sure they will be more better because we are much careful about the news we heard then also we can take an action base on what the fud release in the market.

R


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December 21, 2022, 07:15:00 AM
 #226

Panic is a bad attitude that can happen to anyone, especially investors who initially thought they would make a profit and turned out to be facing different conditions so they would panic, but before we invest, we must understand that bad things can happen, so we must be prepared from the begin.
if you are expecting too soon in profiting then surely you will panic once the market turns upside down. we are here not to assume anything but to trust the currency we are investing mate.

look at  how losers cry once their coin dumped? this is also similar to those who panicked when their investment shows different from what they expected.
just buy coins that you can keep hold long term if the market goes sideways .
Not everyone can follow your advice, especially if the purchase was made six months or a year ago, at prices 5-10 times higher than now. If few people trust cryptocurrency now and no one wants to invest for fear of losing money, then looking at a declining deposit makes it mentally difficult to wait. Moreover, there is no telling how long the decline will last.
actually I am not pointing to everyone but this is in General mate , because if you are a true Investors or what we can call Hodler? then this will never be an issue lol.
the only problem here is if the person was only looking for short term then Bitcoin is not the currency for them , remember that this is the safest coin but this is also the slow moving currency unless bear market.

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December 21, 2022, 08:30:18 AM
 #227

Not that much,even 1 year or 6 months here on crypto space would really be that sufficient or enough time for you to realize on whats the market behavior in regards into its moving prices.
Speaking about $14k in price then it isnt really just that far off.

Most dudes on the forum have been here for years, even if their accounts are new. And for sure everyone lived through the last ATH and now experiencing this huge bear market, all in one year, and they still think the markets "cannot go below" whatever price it is they just think out of thin air.

Even if we get to 10k, why the need to tell people not to panic if you believe in Bitcoin? Let them panic  Grin

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December 21, 2022, 01:39:42 PM
 #228

Not that much,even 1 year or 6 months here on crypto space would really be that sufficient or enough time for you to realize on whats the market behavior in regards into its moving prices.
Speaking about $14k in price then it isnt really just that far off.

Most dudes on the forum have been here for years, even if their accounts are new. And for sure everyone lived through the last ATH and now experiencing this huge bear market, all in one year, and they still think the markets "cannot go below" whatever price it is they just think out of thin air.

Even if we get to 10k, why the need to tell people not to panic if you believe in Bitcoin? Let them panic  Grin
Surely they experienced the last ATH before but at the moment bearish is not a scary thing if it happens the price is below $ 14,000 for me they think too complicated to remind them don't panic in essence if they still believe in bitcoin it means they must believe in the next ATH What's more, for sure, let the market move by itself, one day the bearish will definitely go away too.

Let them panic as long as we stay calm, more opportunities must be obtained and eliminate panic from now on.

R


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December 21, 2022, 01:46:40 PM
 #229

Many people just think profit without ever thinking of loss, especially many people show off profits on social media because investment bitcoin or altcoins so that it makes him interested in investment, of course this will make many people think of investment immediately even though they have to sell anything, and when the price drops then he panicked.
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December 21, 2022, 03:58:57 PM
 #230

Literally articles are flooding saying the bottom isn't here etc etc.

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.

Stop the FUD.

EDIT: For those of you who seem not to remember what FUD stands for:

Fear. Uncertainly. Doubt.


I also agree that 14K bitcoin is not possible, even 10K is, even more, seems out of question but then crypto markets move more on fund and hype. Any bad event like ftx can throw the bitcoin price to 10-12K levels. These days we are hearing news of allegations on Binance and investigations being carried out on them. Let's hope we do not get any unexpected news and market remains over 16K.

Many people just think profit without ever thinking of loss, especially many people show off profits on social media because investment bitcoin or altcoins so that it makes him interested in investment, of course this will make many people think of investment immediately even though they have to sell anything, and when the price drops then he panicked.

If you know about the finical markets and more importantly crypto market, then you should know that you should invest in this market with long-term investments. This will make you not get panic about small or large dumps as your vision is for long term duration.

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Sayeds56
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December 21, 2022, 05:32:52 PM
Last edit: December 21, 2022, 06:51:18 PM by Sayeds56
 #231

Many people just think profit without ever thinking of loss, especially many people show off profits on social media because investment bitcoin or altcoins so that it makes him interested in investment, of course this will make many people think of investment immediately even though they have to sell anything, and when the price drops then he panicked.

It is true that many people use social media to create FOMO or FUD in the market but it is short lived & we should not pay much attention to it & make well informed decision before we take any position and secure your trade/investment with risk management tools to avoid big loss, because bull and bear cycles are normal in any market.  

Volatility is inherent nature of Bitcoin which experienced investors understand very well, it is hard to make an accurate prediction of Bitcoin price but if fundamental of world economy start getting better then, Bitcoin won't fall to 14K.









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December 21, 2022, 08:57:29 PM
 #232

Many people just think profit without ever thinking of loss, especially many people show off profits on social media because investment bitcoin or altcoins so that it makes him interested in investment, of course this will make many people think of investment immediately even though they have to sell anything, and when the price drops then he panicked.
That's how it goes.

We all think of the profit but we're not prepared and we haven't thought about how much loss we'll get. And that's why if you see people bragging their profits on the social media.

You already have the idea a question that will come out from there that how much would probably be their losses.

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December 22, 2022, 02:57:16 PM
 #233

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.

You need to mentally and financially prepared when investing your money with Bitcoin, the more you can buy and hold the
better chance to gain more when bull start to pump back.

There are many factors that affects this market, you must be willing to take time in investigating and observing how the 'market
will behave either long- or short-time frame.

From that point, even the price dump hard, you can decide what will be better for your investment.

Lacking of knowledge about possible scenarios is one of the main reason why they lose on their trades this is why newbies should invest on knowledge before taking hard decisions on their investment. If they can learn from those past events happen in bitcoin history for sure they will be more better because we are much careful about the news we heard then also we can take an action base on what the fud release in the market.


They will earn knowledge from the experienced, same as how you assess if they lack in knowledge the chance of losing
is possible, but if they invest time to learn.

The chances are high since there's already a good basis that the market will bounce back even you see the market is moving
down and the current situation is not in your favor.

Keep in mind that panicking can cause you a lot of losses, very common for new traders.
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December 22, 2022, 04:39:52 PM
 #234

The price of bitcoin will definitely go below $14k in the coming years. At no time in the next 5 years will the bitcoin price sustain more than 5 consecutive days above $17k. There will be green quarters, no doubt, but they'll be bounces from, say, $10k to $14k along the way lower and lower. There really is no long-term future for this experiment. It's run its course.

Bitcoin Fact: the price of bitcoin will not be greater than $70k for more than 25 consecutive days at any point in the rest of recorded human history.
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December 22, 2022, 10:07:24 PM
 #235

I still think Bitcoin might drop under 14k and even more in 2023 and for now there are no signs that 15k can hold the line and if that happens , 12k might be there after just a few days or a couple of weeks. Good side is that no matter what happens , Bitcoin always recovers and 2024-25 should be the time when Bitcoin and entire market can see another bull run. Wink

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December 24, 2022, 07:38:51 AM
 #236

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.
I think those who have underestimated Bitcoin and have also said they don't like Bitcoin investments will not look for old people they have ridiculed in the past, unless they have no shame in themselves. And even if they still want to invest in Bitcoin and the like, they will definitely ask other people or at least on the Google search engine.
It would be a beautiful story and it's a shame if we want to throw it away. If we look further, they are just a small group that means nothing to those of us who are still and will continue to be together with Bitcoin through a series of beautiful stories.
But I wish if someday those who underestimate and even strongly oppose Bitcoin have a strong desire to walk on the path we are on, they should be pitied too.

R


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December 24, 2022, 08:20:00 AM
 #237

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.
This is normal since many new investors are finding their way into crypto space, I am no more any any panic mood because I understand the system, I have been here since 2017 and I know who the circle works, now I have no more panic towards crypto investment.

As time goes by many will end up the same way as I did, it takes time, we can still see 13700$ per BTC, anything is possible, but waiting around to see such value without taking any step is not a good move because 15,500$ might be the BTC bottom already.

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December 25, 2022, 06:44:46 AM
 #238

I still think Bitcoin might drop under 14k and even more in 2023 and for now there are no signs that 15k can hold the line and if that happens , 12k might be there after just a few days or a couple of weeks. Good side is that no matter what happens , Bitcoin always recovers and 2024-25 should be the time when Bitcoin and entire market can see another bull run. Wink

Possible, we still have more than a year to see this bear market, we have witnessed $17k on the first half of the year and then $15k the second half.

So the scenario is that it could drop to $14k at the start of 2023, probably there could be another black swan event, maybe doesn't mean a exchange collapsing or something, but there could he hacks against a top exchange that could put the market on it's feet, as there could be selling pressure again resulting to another leg down.

But after all of this, 2024 is halving and then 2025 could be the peak, all time high.

R


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December 25, 2022, 09:17:54 AM
 #239

I still think Bitcoin might drop under 14k and even more in 2023 and for now there are no signs that 15k can hold the line and if that happens , 12k might be there after just a few days or a couple of weeks. Good side is that no matter what happens , Bitcoin always recovers and 2024-25 should be the time when Bitcoin and entire market can see another bull run. Wink

Possible, we still have more than a year to see this bear market, we have witnessed $17k on the first half of the year and then $15k the second half.

So the scenario is that it could drop to $14k at the start of 2023, probably there could be another black swan event, maybe doesn't mean a exchange collapsing or something, but there could he hacks against a top exchange that could put the market on it's feet, as there could be selling pressure again resulting to another leg down.

But after all of this, 2024 is halving and then 2025 could be the peak, all time high.

Yes, the scenario for bitcoin to drop more is possible, I am not sure if there will be another black swan event, but given what FTX has caused so far, it is not over yet. DCG Investment Fund also sold a large number of its crypto assets last week, and Binance's FUds have yet to cool down. But the atmosphere of Christmas and New Year is approaching, so almost everyone is no longer too interested in the market, and the market almost does not move. Once we head into the new year and things get back to normal, that's when we'll see volatility in the market.

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December 25, 2022, 09:41:21 AM
 #240

almost a week to end this 2022 , but  it seems to be ending up to 16k level?  panicking is normal specially to those who invested when the price climbed recently to 18k and now that they are seeing this level it wont bring any good impact to their funds so they have to feel that way but it does not necessary mean they will need to sell at losses.
some of them does but I believe majority of them still hold their money .

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