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Author Topic: Take your eyes off from the fall in price  (Read 922 times)
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September 03, 2023, 11:51:19 PM
 #81

Theres really no set schedule to its moves, just because halvening is sometime in future we dont have to move in any direction particularly.   Everything before that event is speculation and afterwards yes some tightening.   We have no requirement but there is a presumption of a positive move, mostly I had this whole year chalked down to consolidation which is just where we compact the ground before even building on it.   Mostly we revise prices, we  build volume and in sum total even if slightly we gain enough assurance in this area to gain positive movement only in future.  Mostly thats how I view 2023 though I'd still call this positive and we actually moved out of the 2022 shadow, that was a large amount of momentum downwards so just now continual gratitude should be our correct attitude this whole year imo, patience pays Smiley
  So in last months we move slowly but suddenly a fast break in either direction, this seems to have then reversed and we dont end up moving past 200 day average or whatever we hoped.  A nice positive move does need to set and prove solid, we cant say that so much after market has checked back its not held in revision hence we do find BTC repeats.   Mostly its sideways, the side of the box or boundary we are in on a short term basis is really quite tight about 25.6k to 26.1k and if we can move past either be more positive or looking for some action at that point.

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September 04, 2023, 11:50:21 AM
 #82

I have been around for a long time and I can say that I have seen worse crashes and this doesn't phase me at all. This is normal and people should not be overreacting to it as much as they are doing right now. I get that it is not that simple and we should be considering that as a deal, but as long as it exists, we shouldn't really be making a big deal out of it.

I get that life is not that simple and we could see it change sometime soon but as long as we trust it, we are going to end up with a great profit eventually. Just give it some time, it should exist and I think it would be a lot better for the long term. I get that it would be good, and I get that it would be simple, just hold it and you will get there in time.

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September 04, 2023, 06:29:17 PM
 #83

Knowledge is the power to thrive in every setting and there's no way a cryptocurrency investor will take his/her eyes off the market price but when quality knowledge about the market's 4years cycle built up, the market falling price will be seen as a blessing instead of counting it as a disaster which is the technically the reason why some people make lost despite prioritized their investment in BTC.


I'm looking for a way to explain what you're saying to the masses. The vast majority of people only know bitcoin in name only and perceive it as some kind of quick money making. Very few people understand the halving times and the dynamics of crypto markets. As the Bitcoin Forum community, we need to tell people about Bitcoin everywhere and all the time. Regardless of the price of Bitcoin, we need to tell people that crypto will lead the change of the monetary system rather than being a get rich quick tool. We should talk about how blockchain technology will simplify many institutions and systems. In short, we should not just see Bitcoin as a tool for buying and selling, for making money. This is what a revolution requires.

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September 04, 2023, 10:39:54 PM
 #84

Knowledge is the power to thrive in every setting and there's no way a cryptocurrency investor will take his/her eyes off the market price but when quality knowledge about the market's 4years cycle built up, the market falling price will be seen as a blessing instead of counting it as a disaster which is the technically the reason why some people make lost despite prioritized their investment in BTC.
I'm looking for a way to explain what you're saying to the masses. The vast majority of people only know bitcoin in name only and perceive it as some kind of quick money making. Very few people understand the halving times and the dynamics of crypto markets. As the Bitcoin Forum community, we need to tell people about Bitcoin everywhere and all the time. Regardless of the price of Bitcoin, we need to tell people that crypto will lead the change of the monetary system rather than being a get rich quick tool. We should talk about how blockchain technology will simplify many institutions and systems. In short, we should not just see Bitcoin as a tool for buying and selling, for making money. This is what a revolution requires.
ok. I believe by now, everyone who's a user of the internet ought to know that in the future Blockchain will be a great tool for almost all institutions and systems.
Also believe that ever since world celebrities are coming out to tell the world that they invested in Bitcoin and institutional investment organizations saying their valuable shareholders are showing huge interest in BTC I believe it's easy for everyone reasonable person to know that BTC is already changing the monetary system.

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September 05, 2023, 05:19:50 AM
 #85

ok. I believe by now, everyone who's a user of the internet ought to know that in the future Blockchain will be a great tool for almost all institutions and systems.
Also believe that ever since world celebrities are coming out to tell the world that they invested in Bitcoin and institutional investment organizations saying their valuable shareholders are showing huge interest in BTC I believe it's easy for everyone reasonable person to know that BTC is already changing the monetary system.
It would be if they took the time to investigate this market a little bit, but even such a small task is too much to ask for a great deal of people out there, so they invest in this market not because they think bitcoin has superior characteristics than fiat, or because they believe on the long term future of bitcoin, they simply want to make money, and while that is a valid approach, it is likely such a person will not be able to deal with the volatility of this market when the only thing that they care about is the money they can make.
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September 05, 2023, 07:19:44 AM
 #86

As a young bitcoiner that is having plans to invest in bitcoin or already investing. How do you feel about the current price of bitcoin?
* is it encouraging to you that this is an opportunity for you to buy more.
* does it makes you  lose  hope concerning your investment that it should have gone beyond bitcoin current price of $25,835.
Before now many speculators do say by this the price of bitcoin should be around $35,000 by now, and this is the kind of news investors wants to hear all the time but it is unfortunate that the price of bitcoin has drop to $25k which can be heart breaking to some investors expecially the new ones. 

Do not let the price of bitcoin right now make you give up on you investment plans, the drop in price is just a distraction to make you take a decision that can make you regret of the better days of the market coming.
you posted when the price drops hard to 25k , so for me this is encouraging .
this is actually a good way to invest more, no matter what even if the price increase tomorrow yet we are talking here till next year as we believe that there are more dropping to come.
but accumulating now will save you from deciding in the future.
as long as you have money? invest right away, dont listen to those who said
that you need to wait for the fall before buying because the truth is there are no certain time
and don't know when that to happen.

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September 05, 2023, 09:52:28 AM
 #87

As a young bitcoiner that is having plans to invest in bitcoin or already investing. How do you feel about the current price of bitcoin?
* is it encouraging to you that this is an opportunity for you to buy more.
* does it makes you  lose  hope concerning your investment that it should have gone beyond bitcoin current price of $25,835.
Before now many speculators do say by this the price of bitcoin should be around $35,000 by now, and this is the kind of news investors wants to hear all the time but it is unfortunate that the price of bitcoin has drop to $25k which can be heart breaking to some investors expecially the new ones. 

Do not let the price of bitcoin right now make you give up on you investment plans, the drop in price is just a distraction to make you take a decision that can make you regret of the better days of the market coming.

I don't believe one should be very concerned about the price of bitcoin if they have already decided to invest. You'll be discouraged from moving forward with the investment if you think about your investment frequently. In order to be confident and focus on other things, you must first prepare your mind and body to handle any probable price swings resulting from market activity during investment and while holding these coins. Particularly when it's money you've worked so hard to earn, money is really difficult to lose or risk in an investment. But as the proverb goes, "no risk without gain" should serve as a watchword and motivator in this circumstance.

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September 05, 2023, 09:58:07 PM
 #88

As a young bitcoiner that is having plans to invest in bitcoin or already investing. How do you feel about the current price of bitcoin?
* is it encouraging to you that this is an opportunity for you to buy more.
* does it makes you  lose  hope concerning your investment that it should have gone beyond bitcoin current price of $25,835.
Before now many speculators do say by this the price of bitcoin should be around $35,000 by now, and this is the kind of news investors wants to hear all the time but it is unfortunate that the price of bitcoin has drop to $25k which can be heart breaking to some investors expecially the new ones. 

Do not let the price of bitcoin right now make you give up on you investment plans, the drop in price is just a distraction to make you take a decision that can make you regret of the better days of the market coming.

I don't believe one should be very concerned about the price of bitcoin if they have already decided to invest. You'll be discouraged from moving forward with the investment if you think about your investment frequently. In order to be confident and focus on other things, you must first prepare your mind and body to handle any probable price swings resulting from market activity during investment and while holding these coins. Particularly when it's money you've worked so hard to earn, money is really difficult to lose or risk in an investment. But as the proverb goes, "no risk without gain" should serve as a watchword and motivator in this circumstance.
Dedication would be the key but since we are humans which are highly emotional beings then it would really be not shocking that there would be some potential alterations of your earlier decisions
on the time that you would be encountering things such as price fall then it cant really be avoided that you would really be having that kind of reaction on which you should cut loss or not.
Experience would be the border line on which you would really be holding up your position or not. It would really be totally varying since not all people would really be that mindful about their targets or goals on which they would really be focusing that much on the current market condition. If you are noob and doesnt really get used to market conditions or simply with volatility then you are really that prone into lots of mistakes and errors just because you dont really have the idea that the market could simply make out some recovery after wards. Always put up into your mind that the market couldn't really just that having a single path to take and this is why if there's a fall then there's always a recovery and this is why its important that you should assess things accordingly.

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September 05, 2023, 10:03:04 PM
 #89

Not realizing how important this is, could lead to a lot of losses. There are tons of people who end up with a wrong situation and all of them are making a big mistake. You should be careful with what you do and if you do the right thing then you are going to end up with a good return but if you are not careful then you are going to be very upset eventually. I think its quite important to make a big deal out of this since that could result with you making a profit if you just ignore the price for a while. I still see people who check the price every 5 minutes and you are not going to be making any profit like that, you should be ignoring the price and just hold for long term.

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September 05, 2023, 10:13:53 PM
 #90

Not realizing how important this is, could lead to a lot of losses. There are tons of people who end up with a wrong situation and all of them are making a big mistake. You should be careful with what you do and if you do the right thing then you are going to end up with a good return but if you are not careful then you are going to be very upset eventually. I think its quite important to make a big deal out of this since that could result with you making a profit if you just ignore the price for a while. I still see people who check the price every 5 minutes and you are not going to be making any profit like that, you should be ignoring the price and just hold for long term.

If you have invested in Bitcoin, you should not have any expectations from the price in the short term. Constantly looking at the price will tire you out and cause you to fall into a mentally difficult situation.

There will always be ups and downs in the crypto market. This is the normal functioning of the market. At the same time, it provides market progress in this way. There's no point in stressing yourself out by constantly looking at price movements.

As you say, sometimes you have to ignore the price. Ignoring price can sometimes prevent us from selling crypto at the wrong time.

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September 05, 2023, 11:55:24 PM
 #91

Not realizing how important this is, could lead to a lot of losses. There are tons of people who end up with a wrong situation and all of them are making a big mistake. You should be careful with what you do and if you do the right thing then you are going to end up with a good return but if you are not careful then you are going to be very upset eventually. I think its quite important to make a big deal out of this since that could result with you making a profit if you just ignore the price for a while. I still see people who check the price every 5 minutes and you are not going to be making any profit like that, you should be ignoring the price and just hold for long term.

If you have invested in Bitcoin, you should not have any expectations from the price in the short term. Constantly looking at the price will tire you out and cause you to fall into a mentally difficult situation.

There will always be ups and downs in the crypto market. This is the normal functioning of the market. At the same time, it provides market progress in this way. There's no point in stressing yourself out by constantly looking at price movements.

As you say, sometimes you have to ignore the price. Ignoring price can sometimes prevent us from selling crypto at the wrong time.

If we have determined bitcoin as a long term investment and only sell when it makes a new ATH, then daily price checking would be stressful and exhausting, I can say I've been in that situation. But we should only limit and not ignore checking prices, because sometimes if we want to accumulate more, checking prices is also beneficial. Having the opportunity to buy at a lower price is what everyone wants because it will give us a higher profit. Don't check the price often but don't miss it every time you want to accumulate more bitcoins.

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Hypnosis00
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September 06, 2023, 12:41:23 PM
 #92

ok. I believe by now, everyone who's a user of the internet ought to know that in the future Blockchain will be a great tool for almost all institutions and systems.
Also believe that ever since world celebrities are coming out to tell the world that they invested in Bitcoin and institutional investment organizations saying their valuable shareholders are showing huge interest in BTC I believe it's easy for everyone reasonable person to know that BTC is already changing the monetary system.
It would be if they took the time to investigate this market a little bit, but even such a small task is too much to ask for a great deal of people out there, so they invest in this market not because they think bitcoin has superior characteristics than fiat, or because they believe on the long term future of bitcoin, they simply want to make money, and while that is a valid approach, it is likely such a person will not be able to deal with the volatility of this market when the only thing that they care about is the money they can make.
Oh, they simply think about today and tomorrow but never think about the future and the long-term impact. But those who see it will be able to trust and despite the crashing situation, they invest more because of what is in their mind because this could help them achieve their goals. 
But because of the volatility of the market, we can't make all people think the same and remain positive during price corrections. Yes, many people still don't understand and remain doubtful about the future of Bitcoin.

R


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September 06, 2023, 06:28:08 PM
 #93

Not realizing how important this is, could lead to a lot of losses. There are tons of people who end up with a wrong situation and all of them are making a big mistake. You should be careful with what you do and if you do the right thing then you are going to end up with a good return but if you are not careful then you are going to be very upset eventually. I think its quite important to make a big deal out of this since that could result with you making a profit if you just ignore the price for a while. I still see people who check the price every 5 minutes and you are not going to be making any profit like that, you should be ignoring the price and just hold for long term.

If you have invested in Bitcoin, you should not have any expectations from the price in the short term. Constantly looking at the price will tire you out and cause you to fall into a mentally difficult situation.

There will always be ups and downs in the crypto market. This is the normal functioning of the market. At the same time, it provides market progress in this way. There's no point in stressing yourself out by constantly looking at price movements.

As you say, sometimes you have to ignore the price. Ignoring price can sometimes prevent us from selling crypto at the wrong time.

If we have determined bitcoin as a long term investment and only sell when it makes a new ATH, then daily price checking would be stressful and exhausting, I can say I've been in that situation. But we should only limit and not ignore checking prices, because sometimes if we want to accumulate more, checking prices is also beneficial. Having the opportunity to buy at a lower price is what everyone wants because it will give us a higher profit. Don't check the price often but don't miss it every time you want to accumulate more bitcoins.
Totally stressful and something that would really be leading in making your earlier decisions would really be that changed if ever you are really that too active on checking out prices which its not that recommendable specially on a bear market or consolidation. Lets say that even if you are been here on this market for years or simply being veteran but it cant really be just avoided sometimes for you to have
those kind of emotions or reactions on which you would really be somewhat panicking on what you should gonna do whether you should be still holding into your position or not.

This is why on the time that the market is red, then i dont really see nor check the charts very often specially i do know deep inside that i had bought or entered on much higher price and on this way
then you would really be able to avoid on making out some bad decisions just because you would really be having other thoughts on the time that you do see  those current prices. This is why it would
really be that recommended that you should really be that mindful about your actions and sticking up with plan. Well having some other decisions wont be bad but if its not really that needed or having
no sense on doing so then better avoid as much as you could.

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September 06, 2023, 07:03:49 PM
 #94

If you have invested in Bitcoin, you should not have any expectations from the price in the short term. Constantly looking at the price will tire you out and cause you to fall into a mentally difficult situation.

There will always be ups and downs in the crypto market. This is the normal functioning of the market. At the same time, it provides market progress in this way. There's no point in stressing yourself out by constantly looking at price movements.

As you say, sometimes you have to ignore the price. Ignoring price can sometimes prevent us from selling crypto at the wrong time.
Short-termism in bitcoin is not the solution to profitability it is just more appropriate in futures trading. We are here is a long-term investment if you have started from a few months ago or a few years ago then keep it of course when you continue to see the price will affect your psychologist it could be that this will be depressed because it continues to think about prices that have not risen in the last 6 months.

Many people often ignore it, if you are still from one using DCA then it doesn't matter because it will continue to be bought at any price but don't get your hopes up and for me ignore it is a good solution not to get caught up in the panic of falling prices.

R


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September 06, 2023, 09:53:20 PM
 #95

ok. I believe by now, everyone who's a user of the internet ought to know that in the future Blockchain will be a great tool for almost all institutions and systems.
Also believe that ever since world celebrities are coming out to tell the world that they invested in Bitcoin and institutional investment organizations saying their valuable shareholders are showing huge interest in BTC I believe it's easy for everyone reasonable person to know that BTC is already changing the monetary system.
It would be if they took the time to investigate this market a little bit, but even such a small task is too much to ask for a great deal of people out there, so they invest in this market not because they think bitcoin has superior characteristics than fiat, or because they believe on the long term future of bitcoin, they simply want to make money, and while that is a valid approach, it is likely such a person will not be able to deal with the volatility of this market when the only thing that they care about is the money they can make.
There's no doubt about and I believe 95% of all Bitcoin investors join because of profit-making which is not something bad. The only bad thing is not researching it while only focusing on money making aspect of it because every knowledgeable will know that there's always a price to pay for every investment in other to flourish and the only way to go far is by learning how the system works.

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September 07, 2023, 01:05:56 AM
 #96

I have been around for a long time and I can say that I have seen worse crashes and this doesn't phase me at all. This is normal and people should not be overreacting to it as much as they are doing right now. I get that it is not that simple and we should be considering that as a deal, but as long as it exists, we shouldn't really be making a big deal out of it.

I get that life is not that simple and we could see it change sometime soon but as long as we trust it, we are going to end up with a great profit eventually. Just give it some time, it should exist and I think it would be a lot better for the long term. I get that it would be good, and I get that it would be simple, just hold it and you will get there in time.

If you are old in this market, you already know that these crashes near the pre and post bitcoin halving are temporary and the price will move up in the mid to long term. But for a new investor, who recently invested in bitcoin, these crashes could be a reason to sell of their bitcoin to save their capital. They do not see the long term picture and later when bitcoin again pumps, they start to regret it.

We, the experienced ones, know that whales and institutions move the Bitcoin price down in order for them to accumulate more. But at the same time, they also do this in order to eliminate the weak hands and keep them out before entering the real bull phase.

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September 07, 2023, 01:46:00 PM
 #97

If we have determined bitcoin as a long term investment and only sell when it makes a new ATH, then daily price checking would be stressful and exhausting, I can say I've been in that situation. But we should only limit and not ignore checking prices, because sometimes if we want to accumulate more, checking prices is also beneficial. Having the opportunity to buy at a lower price is what everyone wants because it will give us a higher profit. Don't check the price often but don't miss it every time you want to accumulate more bitcoins.
Depends on why you are checking it. If you are checking and selling at the smallest of drops then you shouldn't be checking, a friend of mine was like that and lost all his investment, well of course he had a little investment to bitcoin, he had investments in other stuff, but that should have been important.

I think it is going to be something that would be beneficial if you check it to buy some more, that's the way you should be approaching this and if you are careful about it then you could make some profit without a doubt. I know that people are not going to be super happy about it, but that's the definite thing that we should be caring about and we should be doing something that will benefit the world for sure.

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Ndabagi01
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September 07, 2023, 07:10:10 PM
 #98

Do not let the price of bitcoin right now make you give up on you investment plans, the drop in price is just a distraction to make you take a decision that can make you regret of the better days of the market coming.

Given the fact that I am not a newbie to the bitcoin market and understand what bitcoin is and how it operates, the price drop will just give me more confidence and optimism to acquire more bitcoin. If I were an investor with a large number of holdings, I would be disheartened by the market's drop in price.

However, if I were a wise investor, I would utilise this chance to buy more bitcoin to add to my savings, buying at a lower price than what I purchased initially (Dollar Cost Averaging). Every market movement has advantages and disadvantages; just know which one best suits you for the reason you're here.

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Silberman
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September 08, 2023, 08:26:48 PM
 #99

It would be if they took the time to investigate this market a little bit, but even such a small task is too much to ask for a great deal of people out there, so they invest in this market not because they think bitcoin has superior characteristics than fiat, or because they believe on the long term future of bitcoin, they simply want to make money, and while that is a valid approach, it is likely such a person will not be able to deal with the volatility of this market when the only thing that they care about is the money they can make.
There's no doubt about and I believe 95% of all Bitcoin investors join because of profit-making which is not something bad. The only bad thing is not researching it while only focusing on money making aspect of it because every knowledgeable will know that there's always a price to pay for every investment in other to flourish and the only way to go far is by learning how the system works.
And I agree with you, as there is no person on this earth that would not like to make some additional money with relative ease, however the issue is the lack of interest to learn more about the market in which those people are about to invest, as this has happened already many times over and one clear example of this was the dot com bubble, in which a lot of small companies, similar to the shitcoins of these days, were created with all kind of vague concepts and eventually all disappeared, and only those which had a strong business model survived and made money to their investors.
Lanatsa
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September 08, 2023, 08:56:37 PM
 #100

It would be if they took the time to investigate this market a little bit, but even such a small task is too much to ask for a great deal of people out there, so they invest in this market not because they think bitcoin has superior characteristics than fiat, or because they believe on the long term future of bitcoin, they simply want to make money, and while that is a valid approach, it is likely such a person will not be able to deal with the volatility of this market when the only thing that they care about is the money they can make.
There's no doubt about and I believe 95% of all Bitcoin investors join because of profit-making which is not something bad. The only bad thing is not researching it while only focusing on money making aspect of it because every knowledgeable will know that there's always a price to pay for every investment in other to flourish and the only way to go far is by learning how the system works.
And I agree with you, as there is no person on this earth that would not like to make some additional money with relative ease, however the issue is the lack of interest to learn more about the market in which those people are about to invest, as this has happened already many times over and one clear example of this was the dot com bubble, in which a lot of small companies, similar to the shitcoins of these days, were created with all kind of vague concepts and eventually all disappeared, and only those which had a strong business model survived and made money to their investors.
And with this then you should really be careful since concept is really just really that the same if we do compare it out with those traditional business models and investment that ever existed on which it would really

be just that a normal approach that you would really that serious on trying to find for some opportunities and if you do spot on something which does have that potential then you would be of course be interested
and on the time that you do make out investment and make out actions accordingly then it would really be just that normal that you had already been aware of the risks of such investment.
Doesnt matter if we do speak about crypto or those traditional businesses which they do always share up with the basic concept and aims on what people been trying out to achieve.

Being an investor isnt really that something you will really be able to avoid to look on what are your investment conditions specially on the market which you would really be peeking
on hows it doing. If ever you do see that its on negative then you do know on whats next, which neither you would be cutting losses or would be holding up your position which it would really vary
on each individual though.

R


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