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Author Topic: My fear in fall of Bitcoin.  (Read 608 times)
Minecache
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February 05, 2023, 03:31:01 PM
 #61



OP, trust me - bitcoin in the long run is still a lot better than any other physical asset investment. You need to look at history and steel yourself to believe that bitcoin can create much more history in the future.

I know OP needs motivation and the best advice, but I will disagree with your statement. Bitcoin is an investment that can offer high returns but is riskier than other physical asset investments. You cannot say that bitcoin is better than gold or real estate in terms of safety. Investing in bitcoin is that we need to take risks, which means we are willing to accept the loss of the money we use to invest. If OP is investing with money that can't be lost, then he should reconsider his investment.

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February 05, 2023, 04:01:11 PM
Merited by fillippone (2)
 #62

As more people know about Bitcoin and cryptocurrencies, some will like it and understand it, while others who don't understand Bitcoin's appeal or purpose, will dismiss it as a bubble. The fact is that the number of people who buy Bitcoin and cryptocurrencies is huge, but there are still those who don't like Bitcoin. This can easily affect the price of an asset in a short amount of time.

December 2022 BTC is priced at $16,256 although it is vulnerable to correction you can see today's high BTC is $23,472 and it is only 2 months 5 days long up $7,216.

Bitcoin will continue to rise slowly but surely.

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February 05, 2023, 06:22:28 PM
 #63

As more people know about Bitcoin and cryptocurrencies, some will like it and understand it, while others who don't understand Bitcoin's appeal or purpose, will dismiss it as a bubble. The fact is that the number of people who buy Bitcoin and cryptocurrencies is huge, but there are still those who don't like Bitcoin. This can easily affect the price of an asset in a short amount of time.

December 2022 BTC is priced at $16,256 although it is vulnerable to correction you can see today's high BTC is $23,472 and it is only 2 months 5 days long up $7,216.

Bitcoin will continue to rise slowly but surely.

and if the holder has doubt about the capability of bitcoin, then, don't hold. just simple as that. because if you continue to hold and you worry too much, you are just giving yourself a heart attack for no reason. better let go if you can't handle the volatility factor in bitcoin.
as you have presented, only couple of months and we've seen the price to go up such amount. now, if you compare it with other assets like maybe gold, of course you can't expect that kind of increase. it is up to you if you can handle the price movement in btc. otherwise, just stick to tangible assets with more stability in price like gold.

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February 05, 2023, 09:53:41 PM
 #64



OP, trust me - bitcoin in the long run is still a lot better than any other physical asset investment. You need to look at history and steel yourself to believe that bitcoin can create much more history in the future.

I know OP needs motivation and the best advice, but I will disagree with your statement. Bitcoin is an investment that can offer high returns but is riskier than other physical asset investments. You cannot say that bitcoin is better than gold or real estate in terms of safety. Investing in bitcoin is that we need to take risks, which means we are willing to accept the loss of the money we use to invest. If OP is investing with money that can't be lost, then he should reconsider his investment.
He has to study the history of the bitcoin market from the beginning to the current price, all the statements of beginners are the same that they doubt that it is impossible for bitcoin to recover from the current price to reach the next ATH, but the fact is that bitcoin can do that during a bullish market trend so take advantage of low market prices to increase investing in the DCA method before a significant increase in the middle or end of this year, I am optimistic that it can reach the highest price again even though not this year.

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February 05, 2023, 10:05:46 PM
 #65

It is normal to fear something, it doesn't matter what it is, fear is a normal part of life, fear was the thing that kept us alive for all these years and allowed us to evolve, in fact fear could be the driving factor in life most of the time. No human, even if they were never told what would happen, could go touch a fire without knowing what will happen, even at toddler age, you automatically know what will happen when you touch a fire, that's ages and ages of evolution. Which means that you know what could happen if bitcoin falls, and you have seen it fall, so you can fear it, its normal. You can't control your fear, but you can control what you can do while being afraid. Because believe me, heroes are not the people who do something without fear, heroes are the people who do it while still being afraid of it, you think firemen go into burning building to save people have zero fear? Of course they fear, and of course they know building could collapse on them, but they still do it, thats why they are heroes, fear the price fall, and still do the right thing.

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February 06, 2023, 03:44:46 AM
 #66

  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.

As an investment, there are risks, and everyone has fears like you, but we need to overcome fear if we want to be profitable. You cannot expect to invest in something that is both profitable and safe. There is no such investment for you to look for. If you can't stand the risk with bitcoin, you can look to less risky investments like gold, it's safer than bitcoin, but the return will be lower.
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February 06, 2023, 04:01:10 AM
 #67

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

Bitcoin will definitely hit higher than what we are seeing right now, because Bitcoin price has already started displaying from the month of January which is a sign to potential traders that 2024 will be a massive pumping year to both long term traders and short term traders. If you have not embrace this opportunity to buy Bitcoin and hold, I will advise you to do that, so that you will not regret when the price of Bitcoin increase higher which is the expectation of traders that took their time few months ago to purchased Bitcoin for future purpose.

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February 06, 2023, 06:42:40 AM
 #68

People who gave up during the bear season bought bitcoin at such high prices before the bull season that when the downturn came, and it happened quickly, they couldn't stand to see the value of the money decline so fast and they became desperate. But if they persisted and waited for the right moment to buy bitcoin again at the bottom price, by now, they must have started smiling happily because they saw the price of bitcoin increasing again.

This is the story of every newcomer to Bitcoin or Crypto. Many new people get interested in Bitcoin when the price goes up, and they buy it at the high price. They think it's increasing in price and it will increase further. But, when the market goes downtrend and makes some corrections, they get frustrated and sell it. You have to remember that you are not in loss until you sell it. If you bought in a high market, Hold and wait for a suitable time. Never sell at in lose.
However, most people are not ready to see price changes so fast, especially when prices are decreasing, because the decline can occur instantly without them being able to think about it. And when they are faced with that situation, those who do not have sufficient knowledge about bitcoin movements panic, especially when they see the balance in their wallet, which shows a decrease in the value of their money. And what will happen next is they sell some or even all of them at a loss. But if they can hold on and hold on, they can get another profit that can be even higher than they expected.
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February 06, 2023, 07:57:53 AM
 #69

  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!
A very nice and thoughtful question that you asked him. Assuming bitcoin is around $70k, he wouldn't have made this post and he would just be investing and reinvesting. Just because bitcoin is in the bear market there is now some questions of doubt.
This is why newbies enter the crypto currency market during the bull run instead of during the bear market. And when they join during the bull run, they will buy at high price and before you will realise the price has dropped drastically. And next thing will be, Bitcoin is a scam.

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February 06, 2023, 08:39:19 AM
 #70

 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.
Actually i will say that you portray or narrated is your point of view concerning bitcoin in situation of rising and falling, so i believe that Bitcoin have to do with it's way via increment. We just assumed that Bitcoin will get rise immediately it reaches 2024 neither 2025, base the scenario that have been speculating that after four years the market of Bitcoin have to rotate to a greater heights, but sometimes it's doesn't happen according our wish. But what i know so far is that Bitcoin increment it's been determined by the demands and supplies via the marketcap.

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February 07, 2023, 09:28:34 PM
 #71

However, most people are not ready to see price changes so fast, especially when prices are decreasing, because the decline can occur instantly without them being able to think about it. And when they are faced with that situation, those who do not have sufficient knowledge about bitcoin movements panic, especially when they see the balance in their wallet, which shows a decrease in the value of their money. And what will happen next is they sell some or even all of them at a loss. But if they can hold on and hold on, they can get another profit that can be even higher than they expected.
When it comes to money things are different. Even though the conditions that you said before can be easily overcome if we only focus on the conditions where we are for the long term. The problem is that many always think of instant ways to make things like this seem as if they will lose their assets in the near future.
Experience is also important because basically panic like this often happens to people who are experiencing it for the first time.

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February 07, 2023, 10:46:42 PM
 #72

However, most people are not ready to see price changes so fast, especially when prices are decreasing, because the decline can occur instantly without them being able to think about it. And when they are faced with that situation, those who do not have sufficient knowledge about bitcoin movements panic, especially when they see the balance in their wallet, which shows a decrease in the value of their money. And what will happen next is they sell some or even all of them at a loss. But if they can hold on and hold on, they can get another profit that can be even higher than they expected.
When it comes to money things are different. Even though the conditions that you said before can be easily overcome if we only focus on the conditions where we are for the long term. The problem is that many always think of instant ways to make things like this seem as if they will lose their assets in the near future.
Experience is also important because basically panic like this often happens to people who are experiencing it for the first time.
All of those panics,anxiety,stress,impulsive feeling or whatever that is correlated when it comes to emotional aspect which it would be wiped away on the time that you had gained up sufficient experience and awareness
towards the market.It might not be that easy nor really talking about short time but you would eventually reached up there.It is really just that there are people who do really love on rushing up on things on which
it do create that kind of wrong steps along the way.Dont fear out because volatility is one of the most common strengths of bitcoin but also into its weakness too but if you are really that prepared
on these things then it wont really be affecting you that much.

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February 08, 2023, 06:20:16 AM
 #73

However, most people are not ready to see price changes so fast, especially when prices are decreasing, because the decline can occur instantly without them being able to think about it. And when they are faced with that situation, those who do not have sufficient knowledge about bitcoin movements panic, especially when they see the balance in their wallet, which shows a decrease in the value of their money. And what will happen next is they sell some or even all of them at a loss. But if they can hold on and hold on, they can get another profit that can be even higher than they expected.
When it comes to money things are different. Even though the conditions that you said before can be easily overcome if we only focus on the conditions where we are for the long term. The problem is that many always think of instant ways to make things like this seem as if they will lose their assets in the near future.
Experience is also important because basically panic like this often happens to people who are experiencing it for the first time.
There is no instant way to get a big result in investment because investing is waiting for something to grow to be big. And if we allocate some money to invest, we have to wait until the amount becomes bigger than our initial capital. But it seems that people misinterpret it because they want quick results in the short term. Perhaps, it can happen, especially when the altcoin season has come and a bull run is happening on bitcoin. But those cycles won't come as often as we'd like. So there is no need to be afraid or worried about investing in bitcoins because if we can learn to minimize the risk, we will be fine and be able to collect more bitcoins.
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February 08, 2023, 07:04:31 AM
 #74

As investors we should do an in-depth analysis of risk, bitcoin is a high-risk type of investment, unfortunately at this time there are too many media that continue to expose success stories from investors because he gets thousands of percent profit in a short time, when someone enters and gets the fact that he loses then he will panic and think that bitcoin is hopeless.


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February 08, 2023, 07:35:33 AM
 #75

As an investment, there are risks, and everyone has fears like you, but we need to overcome fear if we want to be profitable. You cannot expect to invest in something that is both profitable and safe. There is no such investment for you to look for. If you can't stand the risk with bitcoin, you can look to less risky investments like gold, it's safer than bitcoin, but the return will be lower.
All investments have a different balance between risk and return through profit. Because when gold has less risk, of course the profit will not be much either so that should also be considered by every investor who wants to make an investment through gold. The different thing is precisely in Bitcoin with a large level of profit potential and this is also balanced with the level of risk that is in it. So all investments already have their own level of balance in terms of risk and profit.

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February 08, 2023, 07:56:02 AM
 #76

  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.
It seems you don't have real knowledge about Bitcoin because what you're saying is the opposite. So I suggest you to take your time learning about Bitcoin and how the market works for better understanding.

Anyway if you have this fear that Bitcoin might fall then I think you're not prepared to engage yourself because every investment has risk and we can't guarantee a positive result. Therefore if you can't bear the possibility for the price to fall and it can affect you mentally for having high expectation, it would be better to refrain yourself from investing. Unless you're knowledgeable enough to face the future of Bitcoin regardless of the outcome.

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February 08, 2023, 08:33:43 AM
 #77



OP, trust me - bitcoin in the long run is still a lot better than any other physical asset investment. You need to look at history and steel yourself to believe that bitcoin can create much more history in the future.

I know OP needs motivation and the best advice, but I will disagree with your statement. Bitcoin is an investment that can offer high returns but is riskier than other physical asset investments. You cannot say that bitcoin is better than gold or real estate in terms of safety. Investing in bitcoin is that we need to take risks, which means we are willing to accept the loss of the money we use to invest. If OP is investing with money that can't be lost, then he should reconsider his investment.


Those who are new to investing in bitcoin certainly need motivation to be patient, most people panic because they see a very volatile market situation, and the fact is that many newbies fail and choose to leave bitcoin because they are losing money, as long as we can provide motivation and convince them of course they will survive and one day the next day can get a big profit.


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February 08, 2023, 06:32:06 PM
 #78

As investors we should do an in-depth analysis of risk, bitcoin is a high-risk type of investment, unfortunately at this time there are too many media that continue to expose success stories from investors because he gets thousands of percent profit in a short time, when someone enters and gets the fact that he loses then he will panic and think that bitcoin is hopeless.
That's wrong, they entered with the aim that they would be able to with a very short time. When talking about risks in investing, then every investment will definitely have its own risks. If many media reports the success story of a bitcoin investor, then it is true. It's just that they forget something, yes they forget that they also have to expose any risks if we invest in bitcoin, whether it's a small risk or even the biggest risk.

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February 08, 2023, 07:16:05 PM
 #79

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.
I bet your economics grades in college were terrible, the law of supply and demand says the exact opposite of what you're saying. To see bitcoin's condition in 2024, you must understand the previous ATH achievement cycle, because bitcoin's current movement is almost close to the recovery point before reaching ATH and this year bitcoin has found a gradual recovery, so the stability value in the previous correction process can lead to a new price consolidation for a few months ahead.

It seems that you are one of those people who are frustrated in understanding the bitcoin journey, because it is reflected in the understanding that you wrote in this post or my assumption is that you are not a good English speaker, so that the language you convey is contrary to the meaning you really want to convey.

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February 08, 2023, 08:59:31 PM
 #80

As investors we should do an in-depth analysis of risk, bitcoin is a high-risk type of investment, unfortunately at this time there are too many media that continue to expose success stories from investors because he gets thousands of percent profit in a short time, when someone enters and gets the fact that he loses then he will panic and think that bitcoin is hopeless.
That's wrong, they entered with the aim that they would be able to with a very short time. When talking about risks in investing, then every investment will definitely have its own risks. If many media reports the success story of a bitcoin investor, then it is true. It's just that they forget something, yes they forget that they also have to expose any risks if we invest in bitcoin, whether it's a small risk or even the biggest risk.
Risk is always tied up with every investment and this should really be bare up in mind on which you should really make yourself that prepared for whatever things that you would really be able to experienced.
Fall and rising is the two things on which you would be commonly be able to face into this market and this is why you should really be that accepting on what are these things and how you would be able to find a way.
Dont fear out because falling doesnt always mean your lossing but rather it could also mean that this would be the best spot for you to buy cheaper coin and adding up more on your stash.
You would soon able to know on what you should gonna do on the time that you do gain up sufficient experience.

R


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