Vaculin
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June 13, 2023, 09:56:41 PM |
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[.....]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. Focus on your own move first, and with DCA, you know it’s an edge so you can still maximize your bitcoin earning even if its price is not impressive at all like how others have described it. And always bear in mind that seeing bitcoin price consistently dropping is never a bad scenario, instead it’s a good entry in the market that will help all newbies out there to start investing at a significant amount of bitcoin. Now is the time to invest and do DCA as much as you want, as long as you are here to invest for long term and not just for quick rich profits.
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drwhobox
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- hello doctor who box
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June 13, 2023, 10:30:42 PM |
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Focus on your own move first, and with DCA, you know it’s an edge so you can still maximize your bitcoin earning even if its price is not impressive at all like how others have described it. And always bear in mind that seeing bitcoin price consistently dropping is never a bad scenario, instead it’s a good entry in the market that will help all newbies out there to start investing at a significant amount of bitcoin. Now is the time to invest and do DCA as much as you want, as long as you are here to invest for long term and not just for quick rich profits.
I always believe that when price dropped it gives a chance to buy for new investors who are waiting to buy at best price, but I have seen people who were waiting are the first people to not get involved in discount price. Those who already have some bitcoins in their wallet they got panicked that time and sell their coins instead of buying more. We people love to have panick attacks while we should sit back and relax.
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Asiska02
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June 14, 2023, 12:11:31 AM |
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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.
News like this are just manipulative to me and always comes for a purpose, and once the purpose is achieved, everything will return normal. The people that have an unprepared mindset and always have this fear in them mostly suffer the result of such incidence. I don’t know true your claim of majority of investors quitting the market is, but I won’t call them investors but will call them “ passing by risk takers” who only came to reap profit even without having a proper foundation of the market yet. Common, the crypto market is not shutting down and this issue is just from the US and not the entire world.
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Y3shot
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The current state of the market right now is nothing new, this is the time when the investors we keep to Bitcoin, this is the time to test the patient of investors if truly they are discipline to stick to their investment in Bitcoin.
There is nothing to be afraid about the current market because in time like this it is the best time to buy more Bitcoin and to keep on hodling. I don't think majority of investors are quitting to invest, people are quitting are those who don't have understanding an experience about Bitcoin but as for the Investor they will still keep on to their investment because they are not new with this current state of the market.
As for those who are quitting Bitcoin I think in time coming they will learn from this experience which will also help them in the future to keep to the Investment without any panic of Fear of the market.
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Darker45
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Crypto Casino and Sportsbook
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June 14, 2023, 04:06:41 AM |
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I think those people who truly understand Bitcoin and see its potential aren't a bit bothered with all the drama. The SEC and the government in general can stop Binance. They can stop Coinbase. They can order the arrest of all the CEOs of these top platforms. They can kick out all the miners. They can kill the whole crypto industry in the country.
But what they can't shut down is Bitcoin. They can't censor it. They can't tamper the data. They can't do anything with it. At best, they can make it difficult for people to have access.
This will all have an effect to its price, though. So if, for you, Bitcoin's price is all there is to it, then you might be troubled.
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cryptoaddictchie
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June 14, 2023, 05:57:43 AM |
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Isnt it a good time to invest when everybody is quitting already? Like tge favorite line on crypto, invest when others are fearful. I dont think you should quit because of the issues that arent half assess or even confirm that will turn out bad. Regarding SEC news lately, Im sure it will trimmed down and lie low for a while its not like everyday they are going to rampage and attack anyone on crypto. Gary is a total manipulators no doubt, so we just need to be patience with the market situation for now.
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YUriy1991
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June 14, 2023, 07:09:39 AM |
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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.
The cryptocurrency market is characterized by significant price fluctuations and volatility. While experienced investors may see a price drop as a buying opportunity, be aware that not all investors have the same risk tolerance or long-term perspective. This is just a temporary market sentiment and plays an important role in the cryptocurrency market. The prevailing fact If the majority of investors start selling their holdings due to fear or negative sentiment, it could lead to a further cycle of price strengthening as well as creating a challenging environment for cryptocurrencies. 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.
Recent events with the SEC and Binance that slightly impacted prices, such as regulatory actions or security breaches, could erode investor confidence in the cryptocurrency market. While some individuals may remain confident in the long-term potential of cryptocurrencies, others may be deterred by concerns about market manipulation, regulatory uncertainty, or the risk of fraud. These factors can cause investors to quit. The important point is yes, as you said, it's nothing new that happened. So this is not going to be an end of cryptocurrency so one who thinks in that way are going to be the losers.
I see from implementation audits Regulatory and controlling parties (SEC) oversight actions can impact the cryptocurrency market and that makes sense. However, some argue that increased regulation can provide stability and legitimacy, others argue that regulation or pressure that is too tight can stifle innovation and stifle investment. ultimately Environmental regulations remain a key factor that can affect the future of cryptocurrencies.
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isaac_clarke22
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June 14, 2023, 07:12:33 AM |
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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.
This just goes to say that I am sleeping through any technical stuff related to Bitcoin. I don't even know who Garry is even if he is a higher up in SEC. It surely is just attempting to get people to get out of crypto. You just gotta admit that even authorities themselves are hodling Bitcoin and they just don't want to admit that. No one can just make people stop using crypto as there are ways to trade without involving the surface web exploration.
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Asuspawer09
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June 14, 2023, 07:44:21 AM |
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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.
This manipulation thing happened every time, SEC has a lot of cases to Coinsbase and Binance i mean it wasnt the first time this happened but this kind of news affect the market prices for sure. But in my opinion this was just a normal that hapapened a lot in cryptocurrency a lot of investors rely on the news, and for sure we can expect a drop in the market especially if this kind of news or articles are online, but at the same time if something good happened that can also equal to price increase depending on what news it is and how people/investors are going to look at it. But the thing is investors have emotions and not all of the investors can hold their cryptocurrency in long term so if are already expeting the drop so they might just sell it early to avoid loss. I cant really see investors quiting cryptocurrency for me this is just a normal day, cryptocurrency doesnt have a lot of hype at this moment and the price drop but still a good opportunity to accumualte more Bitcoin.
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Bushdark
Sr. Member
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Social media moderator/chatter
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June 14, 2023, 10:13:20 AM |
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[.....]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. Focus on your own move first, and with DCA, you know it’s an edge so you can still maximize your bitcoin earning even if its price is not impressive at all like how others have described it. And always bear in mind that seeing bitcoin price consistently dropping is never a bad scenario, instead it’s a good entry in the market that will help all newbies out there to start investing at a significant amount of bitcoin. Now is the time to invest and do DCA as much as you want, as long as you are here to invest for long term and not just for quick rich profits. I don't even understand what angle op is trying to drive at. If others are quiting from investing, does it means that we all should also quite? Not all because we all have our own different problems so if I see some persons thinking of selling there holdings to safe there money in fiat, I will rather buy more because this will make the price of coins to reduce which is an opportunity for me to buy and hold it when the market will add value. It is true that the sec had been sanctioning exchanges and crypto projects but that does not mean continueous investment in cryptocurrency project will halt. We can keep buying more as long as we are buying when others are selling to maximize our holdings.
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Jatiluhung
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June 14, 2023, 10:24:59 AM |
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I had no experience in the years prior to the previous halving. But I study it based on every historical track record in the digital world that we can always find. be it about Bitcoin price movement from year to year or anything else. and I found that before the halving happened or when the halving was almost there, negative rumors and news were always spread more which made people panic and sell and make the market corrected. And I don't think that's any different from the year now which is almost towards the halving. So when the market turned red I decided to be more adventurous in increasing my investment amount in bitcoin.
and about Inflation in the US which apparently has decreased and that is good news for the Economy. But if interest rates stay raised then maybe that would be quite a bad thing. but still I will not be affected by it because I invest for the long term. and the news impact of economic data only has a short and medium term impact. Possible.
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Z390 (OP)
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June 14, 2023, 10:38:51 AM |
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[.....]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. Do you somehow lose any money lately? Because you sound 🤕 hurt, are you? It's not bad advising people to use DCA instead because the market movement is unpredictable, this is not some financial advice to invest in memecoins and shitcoins, it's a good investment advice for crypto investors and if you don't like it you should drop a better idea instead of of talking about practicing what I preach, I am a long term investor and I still DCA yesterday, I will do the same this Thursday too, that's your problem if you aren't DCAing, no one is forcing anyone to invest or not, and stop behaving like a loser.
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Onset
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June 14, 2023, 11:01:34 AM |
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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.
Everyone’s such an expert when things are obvious and they can’t seem to find other emotions except panic when things aren’t going that well anymore. It’s obviously very cool to buy in the second half of a bull run and pretend you’ve done an amazing job and know how to invest only to find yourself stuck months later with a loss you thought wasn’t so possible. If investment history and experience taught me anything, it’s that this is the time we have to buy not sell because most of the time it’s you have to go against the hoarde not with it. And now that everyone’s getting out it’s like you get a second chance, a second opportunity to buy what you didn’t months/years ago. But do they get it? No lol, everyone’s panicking so let’s panic altogether and cry about our bad decisions blaming it all on BTC I can’t wait for the next bull run when things are gonna be settled with the SEC, Binance and all the other bullshit going on right now. All those people quitting at the moment are gonna be the ones excited again about a bull run they half-missed because to them you buy high & sell low in total panic lolz “iNveStoR”
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Lucius
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June 14, 2023, 11:02:40 AM |
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Majority of investors are quitting, what are you doing? How did you come to that conclusion? It doesn't seem to me that most give up, but those who don't understand the rules of the game and think that someone will ban Bitcoin have always been weak hands anyway. If it's just those who have invested in altcoins, then I wouldn't worry too much, because if you invest in something that doesn't make sense or purpose sooner or later something bad is waiting around the corner. I've already witnessed moments when people are a bit desperate and waiting for some big pump, but if they haven't learned by now that they shouldn't hope for it before halving, then they'll probably never learn.
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Daniel91
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June 14, 2023, 11:05:55 AM |
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I think the OP is asking the wrong question. It is never a good idea or practice to look at what others are doing or saying, but everyone should consider their own financial situation, analyze the market in detail, assess all the risks and possible gains, and based on all this make the best possible investment decision for themselves. In doing so, it is always important to diversify investments into different asset classes, determine specific investment goals and a clear exit strategy. In my case, this means investing in real estate, in shares on the stock exchange, in a new energy start-up project and in bitcoin. Smart investors don't give up and panic sell their shares on the stock market every time the market drops, but sell when they reach their investment goals.
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SmartCharpa
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June 14, 2023, 11:18:59 AM |
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We all did not plan the same thing before getting into this, and everything still depends on the financial situation we are in. For some people, it is really difficult to invest for the long term because they believe that cryptocurrency is something you should get into and start making cool money. However, for me, as long as cryptocurrency is still there, nothing can make me stop. I am into a crypto for a long time, so if I stop working on cryptocurrency, it will be like losing to myself.
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Crypt0Gore
Sr. Member
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June 14, 2023, 11:23:53 AM |
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The time have come to test the faith of Bitcoin and crypto investors, to see how strong and determined they truly are, many more people will still panic sell because the market is not looking good and some don't have a clue about the crypto market, they will oy learn after one or two bull market happened and the same things keep happening over and over again.
I have concluded to never sell a dime of my Bitcoin and altcoin bags, all I can do is to make some adjustments among the projects assets that I am holding, if they are getting slack every day I have every right to sell such project assets and buy another.
I learned the hard way with crypto, if you haven't experienced a bear market before there is a chance that the fear of losing your money will consume you but later you will end up in full regrets, it happened to me before.
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Sim_card
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June 14, 2023, 11:30:31 AM |
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Those investors that are quitting are weak hands and they don't understand how bitcoins works,that is why they are selling due to panic. No matter the attack on bitcoin by SEC and the US government,it wouldn't change anything from us having a better price of bitcoin after bitcoin halving. It is only for a short time that we might be passing through this dip in bitcoin price. Investors that knows the rules of bitcoin investment,sees this time as an opportunity to buy now that the price is dip,because you will buy higher fraction of bitcoin in a low price.
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robelneo
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June 14, 2023, 01:41:20 PM |
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Isnt it a good time to invest when everybody is quitting already? These are investors who invest for a quick profit, they are quick to dump at the early sign of panic in the market, and they don't follow the rules of investing what you can't afford to lose. Like the favorite line on crypto, invest when others are fearful. it takes courage and seasoned investors to do that these kind of investors are rewarded for their risks I dont think you should quit because of the issues that arent half assess or even confirm that will turn out bad. Regarding SEC news lately, Im sure it will trimmed down and lie low for a while its not like everyday they are going to rampage and attack anyone on crypto. Gary is a total manipulators no doubt, so we just need to be patience with the market situation for now.
Because of a series of previous bad news investors are quick to think negatively of the market scenario, it may look alarming because they are targetting the number exchange in the industry but we know CZ he always faces challenges. There may be a lot of bad news but we are moving to another halving and adoption is going to continue, we just have to be positive, this is the best time to be positive, I'm not selling in fact and no way I'm going to quit after I have seen the ups and downs of the market, especially what happened in 2020.
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yazher
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June 14, 2023, 02:05:07 PM |
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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.
Yes! Because they have their own lives and we don't know about their stories maybe they already have earned some decent amount of money and because of the current situation of the crypto market today, they wanted to rest on investing or holding some coins in their wallet because probably some of them are just gonna quit for certain reasons that only them knows about it. Nevertheless, when it comes to investment, you don't rely on some people's stories rather you work to find the good coins to invest in today and consider to make some proper research about that coin before putting some money into it.
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