My fear in fall of Bitcoin.

[Jaycoinz]

  Bitcoin is a cryptocurrency that no has the capability to predict it's rise or fall.
   I am beginning to have a doubt that Bitcoin cannot go to a higher price just like the previous year.
  Cause Bitcoin is determined by the number of people in the digital market. Just like the higher the number of people that purchase Bitcoin the lower it's price and for it price to go higher it requires some Bitcoin investors, traders and miner's to withdraw some percentage of their Bitcoin. So I still have the doubt of Bitcoin shooting higher  just as we are expecting in 2024.

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[mk4]

  Cause Bitcoin is determined by the number of people in the digital market. Just like the higher the number of people that purchase Bitcoin the lower it's price and for it price to go higher it requires some Bitcoin investors, traders and miner's to withdraw some percentage of their Bitcoin.

? ? ? What. I think the only part I understood was the first half of the second sentence. How does more people buying bitcoin lower the price? That's literally the opposite of what should happen in theory.

[AicecreaME]

For sure when Bitcoin make another all time high, your doubt will have a friend, and that is regret. I can't imagine myself regretting something that I could have done while it's not too late. Risking is a part of success, because that's how you're gonna find out if it's worth it or not. Trying is a part of growing, even if you failed, at least you've tried and learned something from it, rather than living all your life from what if(s).

[dimonstration]

  Cause Bitcoin is determined by the number of people in the digital market. Just like the higher the number of people that purchase Bitcoin the lower it's price and for it price to go higher it requires some Bitcoin investors, traders and miner's to withdraw some percentage of their Bitcoin.

? ? ? What. I think the only part I understood was the first half of the second sentence. How does more people buying bitcoin lower the price? That's literally the opposite of what should happen in theory.

He got me confused too on his analogy but by making an assumption, I think he means more people buying and selling since having a huge number of trader that doesn't care about long-term investment will surely give a negative impact on Bitcoin price once fear is already high. I think the fear of buying and panic selling is what this thread is all about which is negligible for all the investors that looking at the future price and not the zoom-in price interaction.

[goldkingcoiner]

  Bitcoin is a cryptocurrency that no has the capability to predict it's rise or fall.
   I am beginning to have a doubt that Bitcoin cannot go to a higher price just like the previous year.
  Cause Bitcoin is determined by the number of people in the digital market. Just like the higher the number of people that purchase Bitcoin the lower it's price and for it price to go higher it requires some Bitcoin investors, traders and miner's to withdraw some percentage of their Bitcoin. So I still have the doubt of Bitcoin shooting higher  just as we are expecting in 2024.

Throughout all these years with Bitcoin, I have learned one simple truth.

Ask yourself one simple question before you start despairing:

Would you be having such fearful thoughts if Bitcoin was currently in a bull market going over 70k+ ? I think the answer is quite simple. No you would not. So why start doubting Bitcoin during a bear market? Even if right now seems like Bitcoin was supposed to rise back up, things do not go as planned. You need to believe in the long term potential!

[Odusko]

Hey mate, I can see you have a general misconception about Bitcoin and a wrong ideology and statistic of what Bitcoin truly represent.
First, you shouldn't take it that the higher the demand the lower the price, that is the wrong mathematical calculation of the asset supply chain, the higher the demand the higher the price because Bitcoin as a digital asset has its basic level and volume and as we know that scarcity equal value so if the previous high or the present Bitcoin price is once an all time high then it evidence that when the supply reduces the value and price will increase.

[Belarge]

My fear is so simple, just like everyone fears and hates loses, if Bitcoin falls then there will be so much lose, if you invest into Bitcoin and it falls, you will lose your money,
The fall of Bitcoin can even cause pain and depression to people most especially the beginners, after the fall so many won't be able to invest again because they will lost the zeal and trust...

[Smack That Ace]

 Bitcoin is a cryptocurrency that no has the capability to predict it's rise or fall.

This is the interest in investing in bitcoin, if someone had guessed bitcoin, everyone would be rich, or the market wouldn't exist until now.

  I am beginning to have a doubt that Bitcoin cannot go to a higher price just like the previous year.
  Cause Bitcoin is determined by the number of people in the digital market. Just like the higher the number of people that purchase Bitcoin the lower it's price and for it price to go higher it requires some Bitcoin investors, traders and miner's to withdraw some percentage of their Bitcoin.

I don't understand what you mean here, bitcoin price depends on supply and demand, when demand is greater than supply, then bitcoin price will skyrocket. If that happens, how could the price of bitcoin fall?

So I still have the doubt of Bitcoin shooting higher  just as we are expecting in 2024.

If you don't have enough faith in bitcoin, I suggest you sell all your bitcoins before it's too late and get out of the market ASAP, and come back when you have enough faith.

[Ucy]

Your post seems to be in reverse.

Maybe I should rewrite and reverse most of the post into something dependable and trustworthy.



Bitcoin is a cryptocurrency that no ordinary human has the capability to predict it's rise or fall.
✔️   I am beginning to have a doubt that Bitcoin cannot go to a higher price just like the previous year.   [Me: Ofcourse, it's good you doubt that Bitcoin cannot go higher because it will go up higher soon.]
  Cause Bitcoin price is determined by the amount that's bought by people. Just like the lower the number of bitcoins purchased the lower it's price and for it price to go higher it requires some Bitcoin investors, traders and miner's to withdraw some percentage of their fiat to buy Bitcoin.
...

[Crypt0Gore]

God damn, newbie you need to adjust yourself, I can't even understand a thing, Bitcoin can't go higher just like the previous year? What previous year did Bitcoin failed to go higher?

The higher the number of people that get into Bitcoin the better it's value will be, I thing you need to learn about Bitcoin from scratch, if you believe you know anything about Bitcoin you are wrong.

I don't know if you can understand this picture ...



This is currently where we are right now, I am not saying you should buy Bitcoin because it's a good time to buy, you need to know what you are using your money to buy, so some readings about bitcoin first.

[Sakanwa]

Initially been and investor you are suppose to know the risky and have they knowledge of how everything works in bitcoin.
You having the fear the it will fall someday has really made me believe that in not  a long term investor rather short term,having this fear of bitcoin fall have make alot of up coming investors not to go investment.


We all saw how last year 2022 was and we all had that thought too but been an investor you have to keep having the risky but not to list hope and now most of us are now smiling now.

[Accardo]

Bitcoin price could have soared higher if it worked the way you perceived the market. Because lots of investors are taking their percentage of bitcoin on daily basis. I think it's better to have a rethink on bitcoin and do more research about the network to understand better how the price happens. After the research you'll have a different view of bitcoin, as your response doesn't sound right or correct, but you are a newbie, and it says a lot about the post. The market wasn't created to ignite fear on people rather to remove anxiety. Take the price of bitcoin today and don't worry about what it'll be tomorrow. Like you pointed, which is true, it's difficult to determine accurately what the market price would be, the best decision is to join the market, given time it'll be easier for you, instead of staying afraid, you'll discover that your mind would begin to work like that of the other investors who don't care much about the price before purchasing bitcoin. Fiat is already failing citizens and bitcoin is a good form of money that'll deliver people from the stress Fiat is causing them; inflation. I'd say that you should be happy that Bitcoin is here, don't be afraid.

"If you are afraid don't do it, if you are doing it don't be afraid."  - Ghenghis Khan.

 

[bangjoe]

  Bitcoin is a cryptocurrency that no has the capability to predict it's rise or fall.
   I am beginning to have a doubt that Bitcoin cannot go to a higher price just like the previous year.
  Cause Bitcoin is determined by the number of people in the digital market. Just like the higher the number of people that purchase Bitcoin the lower it's price and for it price to go higher it requires some Bitcoin investors, traders and miner's to withdraw some percentage of their Bitcoin. So I still have the doubt of Bitcoin shooting higher  just as we are expecting in 2024.

Feeling afraid is a normal thing especially for those of you who are beginners, we also cannot be sure that in 2024 bitcoin price will be more like the previous halving cycle because we are still far from the current lower price. But yes, historically bitcoin always gets its new highest price once every 4 years or after the halving maybe you can see on Google or on YouTube about it in full how bitcoin can do that. Feelings like what you are feeling right now maybe veterans also felt the same way before ATH 2021 was created, so maybe those of you who are still unsure you can learn it again.

[Henrobakkara]

  Bitcoin is a cryptocurrency that no has the capability to predict it's rise or fall.
   I am beginning to have a doubt that Bitcoin cannot go to a higher price just like the previous year.
  Cause Bitcoin is determined by the number of people in the digital market. Just like the higher the number of people that purchase Bitcoin the lower it's price and for it price to go higher it requires some Bitcoin investors, traders and miner's to withdraw some percentage of their Bitcoin. So I still have the doubt of Bitcoin shooting higher  just as we are expecting in 2024.

If you really are beginning to have doubt about whether Bitcoins price can reach its previous ATH, where is the proof that there is no longer the number of investors to rally the price upward? or you are obviously just doubtful as a newbie? well, it is obvious from your statement,  

for its price to go higher it requires some Bitcoin investors, traders and miner's to withdraw some percentage of their Bitcoin.

I want to believe you are trying to explain HODL here, however, the more people purchase Bitcoin, the more the price goes up because investors are putting more money in the market and not as you stated.

[Danydee72]

My fear is so simple, just like everyone fears and hates loses, if Bitcoin falls then there will be so much lose, if you invest into Bitcoin and it falls, you will lose your money,
The fall of Bitcoin can even cause pain and depression to people most especially the beginners, after the fall so many won't be able to invest again because they will lost the zeal and trust...

We always have the choice what happens. Some people loose, when bitcoin's price raises and some when it falls. It depends on the used kind of trade. Taken your example, buying bitcoin and prices fall: you don't lose one penny unless you sell.
I personally fear more things like hackers, scams and stealing or even losing passphrases. That's the thing we should care about when trading or investing in cryptos. I have no fear about price of bitcoin. If it falls, I buy. If it raises I sell. Just simple as that. Depressions and pain will take place, when people do not follow the wellknown basic rules of trading with cryptos. But you are right, trust is one of the most important keywords around in cryptos world.

[ajiz138]

I'm a little confused by your statement, maybe because as a beginner there is a little mistake, this is what I understand.
Bitcoin does not have the ability to be predicted up/down? This has a technique, so you learn in advance how to predict the price of bitcoin going up and down and there are analysts who can see the movement of bitcoin as a whole.

Starting to doubt that bitcoin can't be high anymore? Did you see the previous history of bitcoin, even every 4 years bitcoin always experiences an increase that reaches a new ATH again.

Continue to ask for a lower price? This is clearly a fallacy. How is it possible that bitcoins are limited while the demand for many is lower? This doesn't make sense, so if you don't believe in bitcoin then you don't need to dig anymore because basically I believe bitcoin is an asset that will go up again.

I think you should learn more about understanding bitcoin.

[martyns]

Accepting bitcoin as payment is a smart move, especially in nations where banks have struggled to give out cash to the populace. The operation and trading volume of the project will really increase if Bitcoin meets its goal for investors and traders. Bitcoin can be obtained in a variety of methods, including mining and buying it. However, given its impact on the cryptocurrency market and the extreme volatility in the sector, the time has come for the projects to begin expanding to different nations.

[PX-Z]

Just like the higher the number of people that purchase Bitcoin the lower it's price and for it price to go higher it requires some Bitcoin investors, traders and miner's to withdraw some percentage of their Bitcoin.

Better to learn more how supply and demand works because what you said is completely the opposite of it.

Your doubt doesn't affect the others so just keep it yours. Maybe i will understand you when the price was early december last year when it keep dumping because of many reasons, but for this time when just break $23k, i dont think so.

[rby]

My fear is so simple, just like everyone fears and hates loses, if Bitcoin falls then there will be so much lose, if you invest into Bitcoin and it falls, you will lose your money,
The fall of Bitcoin can even cause pain and depression to people most especially the beginners, after the fall so many won't be able to invest again because they will lost the zeal and trust...

You can be correct to say that everyone hate losses and we cannot actually control what we will love and hate because for there to be profit or gain there should be lost. For there to be up there is also the down. bitcoin investment is not all about profit-making there is a season for losses as people claim they make money from bitcoin so also people claim that the Bitcoin rake them.

So we should be prepared to face the two edges sword and not only accepting one and shying away from the other.

[jrrsparkles]

  Bitcoin is a cryptocurrency that no has the capability to predict it's rise or fall.
   I am beginning to have a doubt that Bitcoin cannot go to a higher price just like the previous year.
  Cause Bitcoin is determined by the number of people in the digital market. Just like the higher the number of people that purchase Bitcoin the lower it's price and for it price to go higher it requires some Bitcoin investors, traders and miner's to withdraw some percentage of their Bitcoin. So I still have the doubt of Bitcoin shooting higher  just as we are expecting in 2024.

If I am not wrong there are 7 billion people in this world yet we have only 21 million Bitcoin available then how came into a conclusion that people will not buy Bitcoin anymore.

For newbies the doubt can arise but look at the history and learn what it showed everytime when people said it is the end of the road so there is no room for further progression but it proved them wrong and still growing.