Majority of investors are quitting, what are you doing?

[Z390]

I know that some people are already losing their cool because of the crazy things going on with crypto lately, the SEC, and their security nonsense, I can't help but think that Gary Gensler is just manipulating the entire market for a good entry point, he was into crypto right from the start, I heard that he likes cardano and I am sure that he knows how to make money through crypto lows.

Now many people are getting out of crypto, online search about crypto have gone down so much compared to 2021, isn't this 2020 all over again? People are good at one thing, when they should be buying is when they always quit, I believe we are at that same place again, are you bold enough to keep investing? The next 48 hrs is even more crucial for crypto because of the inflation data, which can affect the price even more, but remember that nothing comes easy, you have to be ready to see your goals getting achieved.

I believe Now is not the time to quit, now is the time to be bold enough, keep using dollar cost averaging, and don't wait till when things start turning around before you start taking a step.

[Yogee]

[.....]I believe Now is not the time to quit, now is the time to be bold enough, keep using dollar cost averaging, and don't wait till when things start turning around before you start taking a step.

You can be bold and DCA all you want but maybe stop worrying about what other people do with their money and focus on your own investment strategy. It would be nice if you could practice what you preach and get rich first then start educating people about the things you did to get there.

[Wapfika]

I know that some people are already losing their cool because of the crazy things going on with crypto lately, the SEC, and their security nonsense, I can't help but think that Gary Gensler is just manipulating the entire market for a good entry point, he was into crypto right from the start, I heard that he likes cardano and I am sure that he knows how to make money through crypto lows.

Most likely he is just manipulating, He either have a short position or a better price entry since he probably sold already and want some more. A man that involved on crypto will always find a way to manipulate the market especially that he has a power to do it while those exchanges that he is now suing really commit some violation that he is turning a blind eye when he is still benefiting from it. I think it’s collecting time for him the overdue payment.

Now many people are getting out of crypto, online search about crypto have gone down so much compared to 2021, isn't this 2020 all over again? People are good at one thing, when they should be buying is when they always quit, I believe we are at that same place again, are you bold enough to keep investing? The next 48 hrs is even more crucial for crypto because of the inflation data, which can affect the price even more, but remember that nothing comes easy, you have to be ready to see your goals getting achieved.

I believe Now is not the time to quit, now is the time to be bold enough, keep using dollar cost averaging, and don't wait till when things start turning around before you start taking a step.

What I’m confused on crypto people is why we are heavily affected by the inflation and recent lawsuit while it targets only the US economy. US might control the majority of crypto market but the rest of the world can still repurchase their holdings like what crypto community did when China exit on crypto.

[Findingnemo]

Its isn't a new thing, most of the time we can see people are selling when price is falling but the real whales are behind all the purchases and they consider it as big discounts. I don't think that searches about crypto can be considered as a data related to quitting but we can see the matter of SEC and Binance affected the price a bit which is again not really a new thing happens.

So this is not going to be an end of cryptocurrency so one who thinks in that way are going to be the losers.

[BIT-BENDER]

I believe Now is not the time to quit, now is the time to be bold enough, keep using dollar cost averaging, and don't wait till when things start turning around before you start taking a step.

Investment is a personal choice and everyone is entitled to their own personal opinion and if after they have done their research they choose to quit then it's fine. I hate to see people telling other not to quite it seems very patronizing and if they say and the market doesn't get better soon enough all the blames would be put on you that the truth.

And I am yet to know of any true Crypto-currency enthusiast who gives up just because of a bad market timing, we all should know by now that the market is volatile and you should work hard on your investment, I have always been very interested in Bitcoin and that has helped me avoid too many reasons to quite crypto-currency.

[mk4]

Pretty simple question for the quitters — if you're an actual investor, why would you prefer investing at the top rather than when everyone's getting out? Assuming you actually have conviction with your investments.

[Dimitri94]

I believe Now is not the time to quit, now is the time to be bold enough, keep using dollar cost averaging, and don't wait till when things start turning around before you start taking a step.

The SEC's negative streak towards cryptocurrencies continues. But despite that, the cryptocurrency showed its highest peak in 2021. Although the market has recovered somewhat in 2023 from a full-year negative streak in 2022, the recent SEC outlook has once again hit investor confidence. But since this kind of situation is not new, investors should have confidence. Investors who stick with the market during these adverse conditions will succeed and It is better to grow your portfolio during this time. Those who use the time properly will be successful in the future.

[Hyphen(-)]

I believe Now is not the time to quit, now is the time to be bold enough, keep using dollar cost averaging, and don't wait till when things start turning around before you start taking a step.

Real investors can't give up now; they'd rather buy more.

People who focus on making quick money are the ones who are worried, because some people take loans to invest thinking the market will pump soon because halving is just a short while away, but the current market situation changed everything and caused panic for them to sell off, while others who invested money they couldn't afford to lose are also selling off. Only true investors will continue to hold and even buy more.

[imamusma]

Exiting during the current market conditions means they have simply wasted opportunities to buy and accumulate assets at low prices. The market is bleeding because of the SEC, but in a way this is a great opportunity to build your investment portfolio. It might be misleading to say the big investors have left due to market conditions, but I tend to believe they are just being careful and some are getting too busy to accumulate assets at low prices.

[Marykeller]

Any step that one of us takes in this bear market, is what result we are going to get in the bull market when it starts. If any of us chooses to buy more or is comfortable with the coins they already have, that's their business because not every one of us has the boldness to take the risk of investment even when the crypto market is down. One thing for sure is that the market will still be open for anyone that chooses to enter it at any time he or she feels like, whether it is a bear market or bull run

[BD Crypto]

I believe Now is not the time to quit, now is the time to be bold enough, keep using dollar cost averaging, and don't wait till when things start turning around before you start taking a step.

I also believe but in crypto anything can be happened so as a good investor we must face any of bad situations in the market smartly. It's a crucial time for the future traders. They should use low leverage and always must have stop loss activated. And for the spot traders and investors keep doing DCA. Because this strategy has a high success ratio. Always making profits is not a good strategy, reducing losses are also important and that will make a man successful in Crypto market.

[Dzwaafu11]

I believe Now is not the time to quit, now is the time to be bold enough, keep using dollar cost averaging, and don't wait till when things start turning around before you start taking a step.

Some people think investing in cryptocurrencies is something that should only be done for a short period of time. Yes, it can happen occasionally if you are lucky enough to invest when the bull run is about to begin, but no one can predict that. People who believe in cryptocurrency investments are the ones who will not give up and who understand how the market works.
 
Therefore, the fact that some people borrow money to invest in cryptocurrencies without realizing how volatile the market is or anticipating a quick return on their investment with profits are those one worry about the current price.

To me, it is nothing new to see the market decline, so I don't worry about selling my holdings because I believe that these are not the same as earlier times and that the market can change overnight. As a result, I believe that those who understand how the market functions are now buying to hold onto their investments, while others are selling because they cannot afford to lose their money.
 

[electronicash]

SEC despite the demand to provide clear rules for a token to be security, use the Howey test that isn't applicable to new assets like crypto.

making crypto an uninteresting subject is what exactly Gensler wants because by then only a few people will be on crypto and it will be timely to launch the CBDC as planned. more people will rely on the CBDC than the crypto. quitting crypto though will not be good for the investors because, on the other side of the planet, it's where crypto will blossom.

[rby]

Now many people are getting out of crypto, online search about crypto have gone down so much compared to 2021, isn't this 2020 all over again?

People may not be jumping out of the market, they may be there but not buying again. When you talk about online search about crypto, I will say that it is normal, nothing changed.
Newcomers and people do not search for crypto online during bear market .
It is during the bull run that the news of money making through crypto floods the internet. By then online search about crypto will spike as the price keeps spiking. It is so and we have seen it for a very long time.

[Stepstowealth]

Now many people are getting out of crypto, online search about crypto have gone down so much compared to 2021,...

I just got here and i do not intend living anytime soon. I cannot make the mistake of following other people's financial decisions when I understand that we are on an individual financial race. If any investor in Bitcoins is quitting because of what is happening, it is what they have chosen, and I can only wish them well. It is as I have read on this forum, and I believe it so much that there will be many challenges to Bitcoins, exchanges will come and go, but bitcoin will remain. From research also, I have also discovered that whatever is happening to Bitcoins right now, a similar event has occurred with the same magnitude to Bitcoins before, and bitcoin has remained.

[_BlackStar]

Try to stay calm and take deep breaths and avoid market volatility. You don't have to stay closer to the market if you have plans to hold the asset long term - if you do then it's possible your plans may change as they are affected.

The market has been very volatile over the last month so you may notice that trends can change quickly. In fact every time bitcoin tries to break a good resistance level - it's only a few moments before it finally drops back down. So don't panic - let weak hands sell at a loss. If you believe the 2024 halving period really supports price increases, then don't sell your assets now. Getting out of the market right now is not a wise choice - if you are experienced, I mean you should take this as an opportunity.

[Woodie]

I know that some people are already losing their cool because of the crazy things going on with crypto lately, the SEC, and their security nonsense

Before anything,  let's not forget that Bitcoin came from a place where it was considered worthless but true believers held on and hoped it came to where it is today..so with or without SEC I still see bitcoin growing...let's not forget Bitcoin is not from a centralized or controlled environment so all this happening at the moment is foreign!!!

Let's keep our cool, better days are yet to come!

Now many people are getting out of crypto

I think people are getting more private on their crypto investments especially that it also has the monetary security to it incase of inflation and the alike.

I believe Now is not the time to quit, now is the time to be bold enough, keep using dollar cost averaging, and don't wait till when things start turning around before you start taking a step.

Wouldn't have said it any better!

[Zaguru12]

Now many people are getting out of crypto, online search about crypto have gone down so much compared to 2021, isn't this 2020 all over again?

I would say people many people do not rely on search engines again to relate about crypto like in its early stage. This days there numerous forums for the discussion and this forum is one of them and when people get information here they do not need to use search engines again. Also Almost every social media have hub where they discuss crypto related issues some even set up space meetings and this is where most people get their information from. We can also say not like before many investors are going totally private this days as governments restrictions stiffens against crypto.

I am not much surprise seeing people leaving or selling of their crypto assets because just like there’s the fear of not missing out, people have also created the fear of losing out too. So any economic downturn or restrictions on crypto may news outlets spread stereotypes of it affecting the crypto market and as many people are just in it to make quick money they tend to bow out with this fear.

[GeorgeJohn]

I believe Now is not the time to quit, now is the time to be bold enough, keep using dollar cost averaging, and don't wait till when things start turning around before you start taking a step.

Investment is a personal choice and everyone is entitled to their own personal opinion and if after they have done their research they choose to quit then it's fine. I hate to see people telling other not to quite it seems very patronizing and if they say and the market doesn't get better soon enough all the blames would be put on you that the truth.

And I am yet to know of any true Crypto-currency enthusiast who gives up just because of a bad market timing, we all should know by now that the market is volatile and you should work hard on your investment, I have always been very interested in Bitcoin and that has helped me avoid too many reasons to quite crypto-currency.

Actually investors of cryptocurrency actually have their plans and objectives while they invest and while they go out from investment, people who is going out from cryptocurrency investment because of so called sec are investors who doesn't know a rudiments of investment in cryptocurrency from my perspective, you have said it all that the reason while some people go out from cryptocurrency investment rights now its because of the nature of the market, because nobody likes to invest when the market is dropping continuously, so therefore it's what I have reason that is making many people to drop out of investment.

[kawetsriyanto]

Gary Gensler is just manipulating the entire market for a good entry point, he was into crypto right from the start, I heard that he likes cardano and I am sure that he knows how to make money through crypto lows.

I know it makes sense if a huge drop in crypto can create a nice chance for whales to buy as many as crypto coins. Gary Gensler also can do this if he has a lot of money and has the intention to take advantage of crypto. He may use his power to shake the crypto market, then he can have enough time to collect crypto coins in his wallets. But it is just our speculation, not sure whether it is his real purpose or not.

Now many people are getting out of crypto, online search about crypto have gone down so much compared to 2021, isn't this 2020 all over again?

How do you know people are quitting? Do you conclude it based on your own research or get a data from a certain source?
Sure, crypto market in 2021 is very very different from the current crypto market. You must understand that we were in bullrun season in 2021, while we are in 2nd year of the bearish season in 2023. You can't compare the market situation in the bullish season and in the bearish season! The difference must be very clear.

I believe Now is not the time to quit, now is the time to be bold enough, keep using dollar cost averaging, and don't wait till when things start turning around before you start taking a step.

Sure, it is not the time for quitting, it is time to add more coins to our wallets. Only those weak holders that decide to quit after they heard the current bad news. The weak holders think crypto world will end soon because they don't understand what crypto world is. They also don't know that FUDs aren't something now here.