Sakanwa
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May 13, 2023, 05:52:12 PM |
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Most recent posts on this forum such as https://bitcointalk.org/index.php?topic=5449800.0Seems more like few persons are scared that they may loss to their Bitcoin hodlings due to the recent drops in price of Bitcoin This is very understandable but as a Bitcoin investor you should know that with the series of price changes Bitcoin has encountered over the years we can say that it rises in value more than it drops . Therefore I want to urge all my fellow bitcointalkers to not lose interest in holding because of these little drops in price keep holding your Bitcoin .It will definitely boom soon I am impressed by your words and motives and for you encouraging us to hold on our bitcoin I really appreciate your advice thanks alot. Well you really don't know with human man and what they are going through that really uge them not to be that holding type, in life we all do face challenges and most of them needs us to get it off with real money, we don't have to be very stigen to yourself about so it makes alot not to hold much unto our funs or bitcoin. Most people fell very okay to keep holding but sometimes things do go wrong and uges us to lay hands on them. Initially holding our bitcoin is the best but due to the way things are that warrant us to withdraw our bitcoin for holding it long enough. For example in country they way things are getting expensive everyday is becoming essesive so with that along can make you not to hold unto it, but it really good hold because I have seen the benefit of holding you bitcoin.
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Obito
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May 13, 2023, 05:57:39 PM |
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I don't think that you need to warn most people here in the forum, pretty sure that most of them trust bitcoin that this setback in the price isn't really a big deal to them, some might even see this, including me as an opportunity to buy and accumulate more to increase our holdings but I get your PSA, some are panicking but good thing there are people like you that cares to ease their worries.
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Lorence.xD
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May 13, 2023, 06:09:24 PM |
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I am sure only new investors are afraid of the current state of the Bitcoin market because it is experiencing a decline, but for investors who have long been accustomed to this situation even they continue to buy Bitcoin to be used as an asset in the future because they believe Bitcoin will reach back the highest value as it has ever happened, if there are still many assets that we have today then continue to invest never hesitate because Bitcoin is indeed a future asset A very promising front to achieve success.
the problem this time wasn't just related to the price reduction. but it's the transaction fees that will weigh on Bitcoin investors. for those who are already holding Bitcoin, it won't be a problem. but those looking to buy to add Bitcoin assets to their portfolio are going to run into problems. so even though there is a decrease in the price of Bitcoin, investors will also think about delaying buying Bitcoin first when they have to see the fees that will be charged when they want to withdraw from the exchange to the wallet. True, this issue already have been discussed many times but it's a good observation for you to connect it to the topic. Since there's a lot of users that have transactions everyday then it's more likely for the transaction fee to be expensive. So people despite to any situation on the market they choose to hodl their BTC since fees are too heavy. Even people who would try to buy wouldn't risk to pay for those fees.
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indah rezqi
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May 13, 2023, 06:19:48 PM |
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I am sure only new investors are afraid of the current state of the Bitcoin market because it is experiencing a decline, but for investors who have long been accustomed to this situation even they continue to buy Bitcoin to be used as an asset in the future because they believe Bitcoin will reach back the highest value as it has ever happened, if there are still many assets that we have today then continue to invest never hesitate because Bitcoin is indeed a future asset A very promising front to achieve success. Even though the return on a bitcoin investment is never guaranteed for various reasons, it is true that bitcoin and its future potential allows all investors to earn return on their investment. Price volatility is normal and will never be stable, so I believe everyone should be educated about it. Instead of gold or any other investment, bitcoin is by far the best investment asset I have ever considered. The upcoming halving in 2024 will probably make a lot of people regret if they don't buy bitcoin now, I mean the halving will likely ecorage more demand which will very likely result in a large scale price increase. I'm just repeating past experiences that we should use for the future although repetition is something that can never be ascertained.
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hannahB4
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May 13, 2023, 06:40:55 PM |
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Most of the people that post such a subject are to encourage new people in Bitcoin because for anybody who has been in the system for more than a year won't be scared about the drop in the price but rather look forward to when there will be a pump in the market.
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Captain Corporate
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May 13, 2023, 07:22:40 PM |
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I agree to this, people should keep holding their coins as long as they can, but mainly bitcoin because there could be some other coins that could end up with trouble, we have seen that happen before and I do not really want to have something like that again, I hope that it will get to a point where it will be considered a lot better and we could have some more investment in the end, but that doesn't mean that we should be considering every coin great to hold, we all know that some of them will be great and some of them will be terrible so we are going to just accept the situation. I know that it is going to take a while but bitcoin is the only one that can guarantee a lot more profit in the long run and we should be trying to be a lot more patient with it whenever we can.
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DiMarxist
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May 13, 2023, 08:21:56 PM |
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Yes some people are scary of the recent drop of the price, but anyhow they want to invest in Bitcoin is their choice, is their own money they use to invest so they can do whatever they like, but if you are scared of the dropping of the price, you invest what you can afford to lose, so that you will not regrets later. Just understand the market and invest when the market is in bearish. If you want to invest or buy do it in the right time, is good or when the price drops, and when the price grow up again you make a good profits. And the DCA pattern is one of the strategies that is good to use.
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Ryu_Ar1
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May 13, 2023, 08:33:22 PM |
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Yes some people are scary of the recent drop of the price, but anyhow they want to invest in Bitcoin is their choice, is their own money they use to invest so they can do whatever they like, but if you are scared of the dropping of the price, you invest what you can afford to lose, so that you will not regrets later. Just understand the market and invest when the market is in bearish. If you want to invest or buy do it in the right time, is good or when the price drops, and when the price grow up again you make a good profits. And the DCA pattern is one of the strategies that is good to use.
I'm actually new to this kind of thing because it's only been a few years in the bitcoin circle like this but with the current conditions actually even though it's normal to feel worried but I think with the previous conditions this isn't too worrying because the possibility of a correction after $ 31k is certain and indeed seeing maybe $25k is also possible. it's just that in this case wouldn't it be better like that because with this there is actually a chance to climb higher because of course every increase there must be a correction first to strengthen the foundation so it doesn't collapse again when this becomes positive. Indeed, in this case it is up to each individual because as you said it is their money but on the other hand it would be a shame if in the end they gave up even though they had already gone through a period which was actually worse than this.
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nurilham
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May 13, 2023, 08:37:52 PM |
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Yes some people are scary of the recent drop of the price, but anyhow they want to invest in Bitcoin is their choice, is their own money they use to invest so they can do whatever they like, but if you are scared of the dropping of the price, you invest what you can afford to lose, so that you will not regrets later. Just understand the market and invest when the market is in bearish.
People who feel scared about the current price drop of Bitcoin probably don't understand enough about Bitcoin price history. If they already learned the price history of Bitcoin, they must understand why the price drops during the bearish season. It is something normal for Bitcoin to drop, especially in the bearish season. So, if we see many times of Bitcoin drops, it is not a very surprising thing. Even in the bullish season, Bitcoin price doesn't always increase, there is time for Bitcoin to drop. Bitcoin price needs to drop first before it rises, it is impossible to always rise every time.
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lalabotax
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May 13, 2023, 09:32:18 PM |
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Indeed, long term us my purpose of having Bitcoin investment. At least, I can invest it unt the bullish season is coming and reaching price that I tarhet. Long term holding really needs big patience so that we are able tonhold the coins whatever the condition. The difficult thing is when the Big FUD is coming and making the price crashed so high. Sometimes, we feel it very uncomfortable. But once more, long term holding just needs patience, so we must be more patient whatever the condition.
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Bitcoin_people
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May 14, 2023, 03:53:56 AM |
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In fact, I think it's best to invest in Bitcoin for the long term. However, there are many people who do not invest by understanding the market position and subsequently their money is at risk. But I will invest in this bitcoin when the market turns bearish again and then join the investment to hold for a long time. Investing for the long term requires confidence and not losing patience, so it is wise to hold onto Bitcoin with sufficient patience. And those who get impatient and suffer from volatility by holding bitcoins will never get good money profit. Because they get restless by investing and later sell their money. So those who are interested in investing must have faith and trust for a long time.
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mirakal
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May 14, 2023, 05:02:31 AM |
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Most of the people that post such a subject are to encourage new people in Bitcoin because for anybody who has been in the system for more than a year won't be scared about the drop in the price but rather look forward to when there will be a pump in the market.
It's not that new and if you have been here in the forum for a few yeas now then this type of discussion should not surprise you. Fact is, it is easy to say those words that we should keep on holding our assets despite the market's declination because that is what we should do. But in reality, we cannot really blame these types of investors who gets easily scared in time they see a declination because in the first place, it is their money and not ours, they are in control of it and we are not. I reckon that we should let them be because as an investor, we should know what we're trying to get into and these declinations are just normal just like how the price increase are normal. Let's be thankful instead because weak hands are being removed as we only need more of those solid hodlers.
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DaNNy001
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May 14, 2023, 05:16:29 AM |
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I am sure only new investors are afraid of the current state of the Bitcoin market because it is experiencing a decline, but for investors who have long been accustomed to this situation even they continue to buy Bitcoin to be used as an asset in the future because they believe Bitcoin will reach back the highest value as it has ever happened, if there are still many assets that we have today then continue to invest never hesitate because Bitcoin is indeed a future asset A very promising front to achieve success.
And this feeling is quite normal but that's why an encouragement and advice is needed here to boost the confidence of most new time investors because they are still new to the ecosystem and the volatility of bitcoin can make do crazy things that can lead them into losing out from the potential benefit that is involved when you hold your coins for a long term investment. I remember when I bought my first coins although the amount was small but I would still check the market price everyday to see if actually the price is pumping or dumping ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) but it was stories of how an long term investment is possibly the best type of investment and advice from seniors here about letting go of any attachment I have with the investment so that I can actually get some benefits and the DCA strategy that help me in securing a strong investment plan for myself.
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Luzin
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May 14, 2023, 05:21:29 AM |
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In fact, I think it's best to invest in Bitcoin for the long term. However, there are many people who do not invest by understanding the market position and subsequently their money is at risk. But I will invest in this bitcoin when the market turns bearish again and then join the investment to hold for a long time. Investing for the long term requires confidence and not losing patience, so it is wise to hold onto Bitcoin with sufficient patience. And those who get impatient and suffer from volatility by holding bitcoins will never get good money profit. Because they get restless by investing and later sell their money. So those who are interested in investing must have faith and trust for a long time.
It's hard to do that. People who are just starting out will have a thin amount of patience. They will feel anxious if there is a slight change in the price. That is the challenge, which is difficult for new or old people to master. A lot of people want to make a quick profit and that's hard for Bitcoin and other cryptos. Practicing patience takes a long time, even I only understood not long ago. It is very difficult to master emotions. Because emotions are the main factor that must be mastered by a trader with a holding type.
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YUriy1991
Sr. Member
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May 14, 2023, 05:30:29 AM |
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It's hard to do that. People who are just starting out will have a thin amount of patience. They will feel anxious if there is a slight change in the price. That is the challenge, which is difficult for new or old people to master. A lot of people want to make a quick profit and that's hard for Bitcoin and other cryptos. Practicing patience takes a long time, even I only understood not long ago. It is very difficult to master emotions. Because emotions are the main factor that must be mastered by a trader with a holding type.
Emotional intelligence is also important, especially for holding-type traders, who must learn to manage their emotions in the face of market uncertainty. The temptation to make quick profits is so great that it can lead to nervousness and impulsive decision making, especially when the market fluctuates. Trading in cryptocurrencies requires what you mean and it is very relevant and a common challenge for both new and experienced traders as I have been too.
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nimogsm
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May 14, 2023, 04:03:36 PM |
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I am sure only new investors are afraid of the current state of the Bitcoin market because it is experiencing a decline, but for investors who have long been accustomed to this situation even they continue to buy Bitcoin to be used as an asset in the future because they believe Bitcoin will reach back the highest value as it has ever happened, if there are still many assets that we have today then continue to invest never hesitate because Bitcoin is indeed a future asset A very promising front to achieve success.
You are right, since this is a new phenomenon for them and they will have to figure it out in many ways and a lot of new things will need to be learned about the market and what affects the price in the end. But according to my observations, new investors, those whom I know they plan to store for a long time until the price is at a minimum above 50k dollars.
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Bitcoin_people
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May 14, 2023, 10:37:57 PM |
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There is no doubt that the Bitcoin market will grow again. Bitcoin market decline is not a statistic but a normal thing. Yet we all know that cryptocurrency markets are always on top of its price fluctuations. At the moment basically Bitcoin has increased relatively much according to the previous market. A few days ago the Bitcoin market was very low but currently it has pumped up. But it is best to invest in Bitcoin and hold it for a long time because the market position is suitable for investment now. at the moment the Bitcoin market is a bit low so if people decide to invest from here, there will be no loss but there will be a desire for profit.
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silbertlee
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May 15, 2023, 02:05:58 AM |
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Holders, believers, speculators, and a short-term trader, everyone has a different mentality, just do your own thing well, and I am relatively rational and objective when it comes to investment strategies. The pie thing. I don't have the energy and time to watch the market every day, just because I believe, because time gives me the best answer.
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wahyuagung26
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May 15, 2023, 03:55:35 AM |
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There’s always someone willing to takeover for those who are scared so let them be. Real bitcoin enthusiast don’t see the price of Bitcoin with current value. You will understand this if you watch many times how scared people react on every price drop.
True Bitcoin holders do not always observe price differences every day, because most of them are people who hold them for long and long periods of time, but maybe most people who invest in Bitcoin without seeing the real aspects of Bitcoin often they will ramped with fear that may be unnatural or excessive. indeed the fear at the time of the decline is natural because the name Investment does not escape risk, and side effects occur when they are too afraid that they make sales without even paying attention to the price when buying. But as true Bitcoin holders, we ensure that they will not make mistakes that may often happen to beginners, they have been in Bitcoin for a very long time, automatically they already know the movement of Bitcoin in the graphs, sometimes they will go up and it could be they are moving down the line, but we assume that taking the decision to sell bitcoins under pressure of fear is not professional thinking and it is not wise in our opinion.
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blockman
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May 15, 2023, 05:57:56 AM |
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Holders, believers, speculators, and a short-term trader, everyone has a different mentality, just do your own thing well, and I am relatively rational and objective when it comes to investment strategies.
Right on, we've got our own goals while we stay in this market. The pie thing. I don't have the energy and time to watch the market every day, just because I believe, because time gives me the best answer.
That's okay if you don't have time to watch the market. If you're just holding Bitcoin, you don't have to exert a lot of time on it and just set yourself a price and timeframe and you're all good. There is no doubt that the Bitcoin market will grow again.
Those that think that the market will never be up again even if we're approaching to the next halving, they're are just unbelievers and have missed buying at the bottom so, they're discouraging people from buying.
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