Don't keep your hope in any news of bitcoin

[Obari]

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.

Well, no need to panic that’s why we have this slogan “Do Your Own Research (DYOR)” and this simply means that, regardless of the means through which you get a crypto related news, you should do your own proper research and not act according to or based on the news you got because at the end of the day, you’re solely responsible for whatever actions you take.

On this note, doing your own research keeps your forearm and mind you, everyone and anyone can predict the market based on what they think and that’s why you shouldn’t rely on just what you were told.

[DubemIfedigbo001]

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.

Bitcoin is not a get rich quick scheme, so you don't need to cast your hope on it, you're to invest with your descretionary income and hold for a long term. The market is very volatile and it can be mentally disturbing if focused on.

Cast your hope on other things and remove your mind from your Bitcoin investment for your sanity sake, and to achieve that, do not invest more than you can afford to loose in Bitcoin. Your gains would come, most times not immediately, but after a while, your investment would be profitable.

Get a career, find something doing to keep you busy, attempt forgetting that your investments existed and live your normal life independent of your investment, that way you would not l be disturbed by the volatility of the market but would use it as an opportunity to increase your Bitcoin portfolio. You can also continue buying with DCA methods to buy both the pump and the dump, thereby increasing your profitability by smoothening the volatility effects on your investment.

[Abu-Naim]

Well, no need to panic that’s why we have this slogan “Do Your Own Research (DYOR)” and this simply means that, regardless of the means through which you get a crypto related news, you should do your own proper research and not act according to or based on the news you got because at the end of the day, you’re solely responsible for whatever actions you take.

On this note, doing your own research keeps your forearm and mind you, everyone and anyone can predict the market based on what they think and that’s why you shouldn’t rely on just what you were told.

There is actually no need to panic on any news related to Bitcoin price, we have seen a lot of news that do drop Bitcoin price and after sometime, the Price of Bitcoin do bounce back and even surge above the price it was before the ad news.

I think people that have the intention of making quick profit from their Bitcoin investment are the ones panicking because they have target quick profit, therefore, instead of them to allow the price dump below the amount they bought the coin, they will rather sell the Bitcoin in their position to be safe in their opinion, not knowing that if they use DCA method to be buying at anytime will give them more profit and will help them accumulate more Bitcoin in their portfolios.

Doing extra research is very important, but you know our country people, we too like shortcut brother; we go just they look for quick money and we no fit wait for that long time before we go cashout especially because of peer pressure, na whysome of new Bitcoin investors in Nigeria they only buy if the price they low and sell once they get small profit, and some of them self don migrate go altcoin and some shitcoins were them go get quick money.

[Obari]

Well, no need to panic that’s why we have this slogan “Do Your Own Research (DYOR)” and this simply means that, regardless of the means through which you get a crypto related news, you should do your own proper research and not act according to or based on the news you got because at the end of the day, you’re solely responsible for whatever actions you take.

On this note, doing your own research keeps your forearm and mind you, everyone and anyone can predict the market based on what they think and that’s why you shouldn’t rely on just what you were told.

There is actually no need to panic on any news related to Bitcoin price, we have seen a lot of news that do drop Bitcoin price and after sometime, the Price of Bitcoin do bounce back and even surge above the price it was before the ad news.

I think people that have the intention of making quick profit from their Bitcoin investment are the ones panicking because they have target quick profit, therefore, instead of them to allow the price dump below the amount they bought the coin, they will rather sell the Bitcoin in their position to be safe in their opinion, not knowing that if they use DCA method to be buying at anytime will give them more profit and will help them accumulate more Bitcoin in their portfolios.

Doing extra research is very important, but you know our country people, we too like shortcut brother; we go just they look for quick money and we no fit wait for that long time before we go cashout especially because of peer pressure, na whysome of new Bitcoin investors in Nigeria they only buy if the price they low and sell once they get small profit, and some of them self don migrate go altcoin and some shitcoins were them go get quick money.

lol
Your last actually got and I couldn’t even stop laughing really heard as you too also know say this our country no Dey take any slightest chances with anything get to be like free money and just with the case of chamby wey just happen yesterday, you go notice say, na our country na e name full for list of people wey sell and this na because we believe say a bird at hand worth pass two for bush.

Away from that, I still Dey blame mentors of most of these persons wey Dey panic sell because I believe them no Dey give their mentees the right orientation.

[Yeesha]

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.

Bitcoin is not natural and any artificial things does not last long, it has a lot of vantage and also has a lot of penalty, just because someone invest on bitcoin does not mean that they hinge on it, the venture that is roaming around about bitcoin as become something that is disheartening some people from investing on bitcoin, earning a lot of profits in bitcoin make everyone to be enthusiasm.

As a Bitcoin enthusiast you suppose know say bitcoin na volatile currency.De volatile means say the price of Bitcoin no stable,at one point e go increase and decrease,so na traders dey time the market wen the price high so dat dem fit sell to make quick profit but for the holders dem dey accumulate BTC for long period of time and when the bull run season reach which go give huge return dem go sell.Person wey know wetin ehn dey do no go dey follow misleading informations online,all those bloggers wey no even dey into BTC dey really mislead newbies well well.Now halving don pass most bitcoin enthusiast dey expect de price to high in an twinkle of an eye no be so oh after the halving e go take some months before the price go increase.

It is rumormongers that are posting fake news saying that immediately after Bitcoin halving the price of commodities rise higher, and that discourage people from investing with bitcoin, they believe does fake news without any futher investigation, and some traders are so greedy, they will be hoping that the price of things should rise higher so that they should make a lot of profits.

but di truth be say research don show say bull run no de start immediately after halving. Any investor wey de hudl Bitcoin no suppose to de focus on di short term pump and dump price speculations, because na long term project im suppose be.

I can not agree more. This is what I would have posted. Bitcoin do not increase in price immediately after halving, it can take 2 or more months before the price will start to increase.

Exactly my point, this is what am trying to explain, people have a lot of time to plan a good budget before the increase take place, it is the newbies that haven't familiar with the  bitcoin halving by now, but the high ranked members have get use to it.

[Adbitco]

I can not agree more. This is what I would have posted. Bitcoin do not increase in price immediately after halving, it can take 2 or more months before the price will start to increase.

You know judging from historical data two months is not even enough for bitcoin to start increasing in price, rather it would take about six months to 1 year interval for the price to change and see potential bull run.
Again from op, anyone who is thinking that bitcoin price will remain positive is like just deceiving themselves because in bitcoin price we see both the price moving up and down, and this is what makes it tradable as an asset.

[knowngunman]

You know judging from historical data two months is not even enough for bitcoin to start increasing in price, rather it would take about six months to 1 year interval for the price to change and see potential bull run.
Again from op, anyone who is thinking that bitcoin price will remain positive is like just deceiving themselves because in bitcoin price we see both the price moving up and down, and this is what makes it tradable as an asset.

It's a misconception especially among the newbies that bull run happens in a day. What they believe is what they heard about halving and expect bull run immediately. Moreover, bitcoin is volatile asset and even during the bull run we can still expect uptrend and downtrend. Bull run doesn't mean stagnant price or only positive trend. It's important for people to know this things and not blindly investing based on hype and speculation all in the name of FOMO. I do blame those acclaimed crypto experts deceive newbies in crypto just to score cheap popularity.

Exactly my point, this is what am trying to explain, people have a lot of time to plan a good budget before the increase take place, it is the newbies that haven't familiar with the  bitcoin halving by now, but the high ranked members have get use to it.

Lol   High forum rank is one thing and having crypto knowledge is another. In as much as account rank depict experience in crypto space, it's not a basis of measurement of crypto knowledge. In essence, what I'm trying to say is that some newbies account are more familiar than people behind high rank accounts. Some high rank accounts are just Privileged to be here early but they don't possess half of knowledge that some newbies account have.

[Lida93]

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.

But why person go depend on something wey no dey stable but volatile like bitcoin? Na for you to know watin you want use bitcoin as weda nah for transactions use or as investment and then understand how you go take the navigate with am rather than depend on am.

Nah because of say the price the go up and down constantly nah make people the take am as long term investment so that them go fit make and collect  profit from am  anytime the price pump in-between that long term waiting period.

 And one good way to protect your mind from the news and speculations of people and investors concerning bitcoin wey fit cause FOMO & FUD na to just go dead on your investment. Dead in the sense say, no even the listen to those news or speculations, make your mind just dey on how long you don plan on holding your investment.

[Promocodeudo]

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.

Bitcoin is not a get rich quick scheme, so you don't need to cast your hope on it, you're to invest with your descretionary income and hold for a long term. The market is very volatile and it can be mentally disturbing if focused on.

Cast your hope on other things and remove your mind from your Bitcoin investment for your sanity sake, and to achieve that, do not invest more than you can afford to loose in Bitcoin. Your gains would come, most times not immediately, but after a while, your investment would be profitable.

Get a career, find something doing to keep you busy, attempt forgetting that your investments existed and live your normal life independent of your investment, that way you would not l be disturbed by the volatility of the market but would use it as an opportunity to increase your Bitcoin portfolio. You can also continue buying with DCA methods to buy both the pump and the dump, thereby increasing your profitability by smoothening the volatility effects on your investment.

Bitcoin is an investment thats said to be profitable in the long run and I think it should be treated as one, all hope should not be put in Bitcoin but as smart people we sbould invest and hodl with what we wont regret if anything  eventually happens in the process.
Bitcoin is a continues process but with the little we can afford continuously and steadily because it is not advisable for us to use everything we have to invest because we have to fall back to something, smart people dont invest their all in any investment to avoid any ugly regrettable occurence.
First and foremost for any investor to succeed in Bitcoin investment such investor should apply the maximalists strategy of investing and forgetting though it may be difficult for anyone to do this but it may be necessary to take this move to avoid being much inquisitive of getting profit fast hence we know that the profit is only for the future which is long-term.

[Mate2237]

The thread was created on May 01, 2024, 02:39:17 PM and by then the price of Bitcoin was on the rise and the price started declining from the month of July. And now the price is $56870. And also it is not everyone will say the price is on the bear market now and all depends on the ti.e.of coming to the cryptocurrency market. If the person came at the time when the price was $20k then Bitcoin is still at the bullish market for him.

And now the price is going up again against last week price of $54k. Me I still know say the price never enter dip, bear market but at the middle of the two bear and bull. Bitcoin is volatile and because of that we should not depends on anyone prediction but invest in long term and wait for your plan time to harvest.

[GiftedMAN]

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.

Bitcoin is not a get rich quick scheme, so you don't need to cast your hope on it, you're to invest with your descretionary income and hold for a long term. The market is very volatile and it can be mentally disturbing if focused on.

Cast your hope on other things and remove your mind from your Bitcoin investment for your sanity sake, and to achieve that, do not invest more than you can afford to loose in Bitcoin. Your gains would come, most times not immediately, but after a while, your investment would be profitable.

Get a career, find something doing to keep you busy, attempt forgetting that your investments existed and live your normal life independent of your investment, that way you would not l be disturbed by the volatility of the market but would use it as an opportunity to increase your Bitcoin portfolio. You can also continue buying with DCA methods to buy both the pump and the dump, thereby increasing your profitability by smoothening the volatility effects on your investment.

First and foremost for any investor to succeed in Bitcoin investment such investor should apply the maximalists strategy of investing and forgetting though it may be difficult for anyone to do this but it may be necessary to take this move to avoid being much inquisitive of getting profit fast hence we know that the profit is only for the future which is long-term.

Bitcoin investment is not only beneficial to long term investors the short term investors can also make good profit if they are able to understand the market very to know when to buy and when to sell to take profit. A good Bitcoin Holder which I think is the only one who has the money of a maximalists has already prepared not to have a change of plans regardless of the outcome of his investment but then, they are not dependent on the amount invested as they have other sources of income.

A good investor will always check the value of what he has invested to know if he's making profit but that doesn't mean he's going to panic as small me mind investors do but regular check of the market and the current worth of the amount invested will help to keep the investor updated about his next plan of action. A good Bitcoin investor keeps accumulating Bitcoin no matter the current market value.

[AYOBA]

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.

The movement of bitcoins is not stable is just been pump and down and for those that have been investing in Bitcoins for a long periods of time are being expecting positive results from the market; and up to today there’s not constant prices of bitcoins, which is even making some people that purchase bitcoins for a long have changed their mind to send at this moment: that they don’t care of any prices anymore.

But i know is just matter of time: They will be actually time that the bitcoin can definitely pump even before halving, because most people that invest in bitcoins are only waiting for halving to arrive so that they can hits enough profits.