Don't keep your hope in any news of bitcoin

[CryptopreneurBrainboss]

I think newbie invest are the people who always have this mentality because those who has spent decades holding bitcoin can never be moved and triggered by any price speculation besides only those who are holding for short time could have this making that when a very good news appears bitcoin gonna creates new price but instead on the reverse.

There are those that have been hodling for a longer time but still get triggered by news especially bad news. Maybe during the time they were hodling, the news weren't as bad as they are now so it makes them feel uncomfortable hodling. Recently there was news of Germany selling and then Mtgox is also going to distribute some Bitcoin that is likely going to end up in the market because of people selling. There could be some old hodlers that will still be triggered by this FUD and sell with hopes to rebuy when the FUD is over but they lose their strong position in Bitcoin wey dem been get because the market fit leave them behind.

Both the new hodlers and old hodlers still need to be reminded that no matter how bad the FUD is, is not worth selling your Bitcoin. Na only person wey dey hodl na him go fit benefits so anytime wey you wan sell your Bitcoin, just know say you dey throwaway a chance to make profits when everywhere good for Bitcoin and this one no be assumptions because no matter how low Bitcoin fall, e go still rise and na wetin make investing in Bitcoin is labeled a calculated risk investment as your chances of losing are slim when you just buy and hodl.

[Coyster]

Recently there was news of Germany selling and then Mtgox is also going to distribute some Bitcoin that is likely going to end up in the market because of people selling. There could be some old hodlers that will still be triggered by this FUD and sell with hopes to rebuy when the FUD is over but they lose their strong position in Bitcoin wey dem been get because the market fit leave them behind.

Na true, thank God say Germany don sell all coins wey dem been get for their reserves, as dem sell finish, we begin see say bitcoin begin pump again, as i dey type this, bitcoin dey very close to $60k. The next event wey go affect the price go be Mt.gox distributing lost funds back to people wey been lose am when they hack dem many years ago, i no know if e go get as much impact as Germany selling every bitcoin we dey their reserve, but we go see.

People wey go sell, go sell, but that one no suppose concern person wey believe in bitcoin, the price go only fall temporarily, so na just to dey patient, e no pass like that.

[Zigabel]

Sometimes the news of bitcoin maybe contradictory and when hoping on positive news of bitcoin you maybe backslide, because many people have thought that the price of bitcoin is now getting upright but it shock some people who hoped-for speculation of Bitcoin and believes that as people speculate on price of bitcoin that the price will be going up all through this year, whereas the price of bitcoin is depreciating in the market almost every day, so I don't know why bitcoin can not be depending on.

This perspective of yours has made it very clear and obvious you are in for the short term. It may sound like a very good idea to not depend on the price of bitcoin at this point of instability but if you have been following up with price action around Bitcoin then you are going to agree that Bitcoin is not in such a very bad state and form such that you wouldn't want to put some dependency on it. if you are in for a long term, you wouldn't even be thinking of not putting to mind that bitcoin is falling. this up and down movement has been the normal pattern of the market and you cannot totally put it out that bitcoin isnt goin up. just wait small you sef go see am say BTC go rise and you sef go cash out small but no be one day tin.

[DaNNy001]

Sometimes the news of bitcoin maybe contradictory and when hoping on positive news of bitcoin you maybe backslide, because many people have thought that the price of bitcoin is now getting upright but it shock some people who hoped-for speculation of Bitcoin and believes that as people speculate on price of bitcoin that the price will be going up all through this year, whereas the price of bitcoin is depreciating in the market almost every day, so I don't know why bitcoin can not be depending on.

This perspective of yours has made it very clear and obvious you are in for the short term. It may sound like a very good idea to not depend on the price of bitcoin at this point of instability but if you have been following up with price action around Bitcoin then you are going to agree that Bitcoin is not in such a very bad state and form such that you wouldn't want to put some dependency on it. if you are in for a long term, you wouldn't even be thinking of not putting to mind that bitcoin is falling. this up and down movement has been the normal pattern of the market and you cannot totally put it out that bitcoin isnt goin up. just wait small you sef go see am say BTC go rise and you sef go cash out small but no be one day tin.

Omo the way Bitcoin dey fluctuate now go make a lot of people wey dey hold their coins for a short period lose money well well because as you plan to sell when the price dey high na so e dey also dey come down sef instantly. And if you dey save for the short term period or cashing out, you fit end up losing so much because the entire concept of keeping Bitcoin to get better profits na when you keep for long time.

[Marykeller]

Comes everyday, people must speculate about the price of bitcoin. So it's now left for you on how you go digest the news wey you hear about bitcoin, whether to allow it get to it or disregard it.

One thing that is sure at this time of the market be sae, the good news of the bull run will overshadow the bad news to be receive. So em better to get hodling and to be moved by fud cos some of this fud na to create panic so that you go sell your bitcoin out of fear.

[Coyster]

One thing that is sure at this time of the market be sae, the good news of the bull run will overshadow the bad news to be receive. So em better to get hodling and to be moved by fud cos some of this fud na to create panic so that you go sell your bitcoin out of fear.

One thing wey me i don understand be say many people wey dey hodl bitcoin they allow fud affect them and e dey influence the price, you see as bitcoin dump when Germany begin sell their coins, as they sell finish bitcoin begin pump again, and now e dey above $62k. The next one now na distribution of lost coins by Mt.gox, that one too go cause a dump in the price of bitcoin, people don already dey fear and dem don ready to sell their coins or move am go stablecoins during that event. If you believe in bitcoin, then no worry yourself with news of fud or if price dey fall; it is temporary.

[Smartvirus]

If you don exists for the space for some time, you suppose understand say, online and offline, people go always talk as them please. That no mean say, them Dey right or wrong, na them simply sharing their views as them see fit. At the end of the day, e fit turn out to be true or lie. All depend on how the person way Dey receive am action the message. No forget say, no be only one person Dey give these speculations. As Mr. A Dey talk right, na so Mr. B Dey talk left. E fit fall to anybody and that no mean say, you sabi the market, the market was just responsive to your idea and that’s it. E no pass like that.

Na why e Dey important say, make you try Dey run your own analysis on the market. Using the various technical, fundamental and sentimental tools way Dey available to you. You gats Dey learn to trust in your own abilities because for this we trade eh, nobody sabi pass.