Do not get discouraged by the current price of Bitcoin

[Faisal2202]

I overheard a discussion between two friends and one was telling the other that Bitcoin is a scam and that a lot of people preached about the halving and how people could cashout from it. The other friend was trying to convince him to continue holding his asset but he refused and replied that nothing would stop him from selling the coins he's holding.

By reading only these lines I can say for sure that the friend calling BTC scam is the one with lesser knowledge as he must have followed some influencer or some person who must be telling him to invest in BTC and saying that after halving you can make more than 2x or blah blah. But that person must have failed to tell him that bull runs don't start just after the halving. We should teach things specifically to the newbies so that after not getting results they won't go after you. He must be told that he should wait and he can only wait if he has enough knowledge to know the potential of BTC.

Without proper knowledge, these types of words come out of your mouths.

expected Bitcoin to set a new height of $80k but then it didn't even get close to the previous all time high and have reduced below $60k currently.

But I was expecting a new ATH of $100k, I don't think most of the people are expecting an ATH of $80k only. Even many people are saying in this bull run BTC will make $150k but I don't think it has that much potential now.

I think people shouldn't get discourage by that, though I didn't experience other halvings cause I had zero knowledge about Bitcoin then but i think something similar have occurred before in one of the previous halving where Bitcoin price didn't go up as expected but later traced back and went up after some period,

If you know these facts that after halving BTC price doesn't go up suddenly then you should not call your self inexperienced because you have experienced a halving and you have making decision on that knowledge.

[Fatunad]

Panic holders will definitely be discouraged; you can't stop them. Even they will not care about your explanation and can't convince. When they see the red candle, they think it's impossible to recover and become afraid. There will always be a few people there who become panicked by the red candle. But legends will accumulate on the dip and make money. Panic sellers buy at the top and sell at a loss. It's true that Bitcoin isn't acting well after the halving. It's normal that Bitcoin will take fuel before another pump. So the current situation is normal, and we will see another breakout soon.

If you arent get used to it then you would be normally be having those kind of impressions and reactions but if you are someone who do get used to into this market then you would really be seeing this as an opportunity instead of a thing that worries you. It would really be that so normal that the market would really be having corrections. We cant really be just have a market that would really be shooting up like forever when it comes into its price.

We've come to think that we did able to break its ATH before halving event on which its normal that there would really be assumptions that there would really be corrections comes at next.
This is why it would really be best that instead on panicking it would really be better to accumulate even more on which this is the wisest idea that you should really be considering.
We do have a pumping market and so as with dumping one. Instead on panicking and freaking out, it would really be just that ideal that you should really be accumulating
more before bull run would be kicking in.

[passwordnow]

I overheard a discussion between two friends and one was telling the other that Bitcoin is a scam and that a lot of people preached about the halving and how people could cashout from it. The other friend was trying to convince him to continue holding his asset but he refused and replied that nothing would stop him from selling the coins he's holding.

As much as I want to overhear conversations like this, I let them be what the other want to do. If he wants out and wanting to sell, then he can do that on his might and no one is going to stop him from doing so. Because we're all investors here and if it doesn't make sense anymore for you as you hold and you're incurring losses and your main option is to get out then get out as no one is going to stop you even your closest friends.

When I heard that man mentioned cashing out from the halving, I understood that he might know about Bitcoin but he's not properly enlightened concerning it. A lot of expectations were cut short after the halving event cause most people expected Bitcoin to set a new height of $80k but then it didn't even get close to the previous all time high and have reduced below $60k currently.

It's about cutting loss or having some little profit. As the market crashes today, it makes sense if that guy will take whatever he's got and comes back again whenever he's available. Encouraging them to invest based on our feeling shouldn't be done, we can tell our sentiments and thoughts about the market but we can't dictate them what they should do when we're done telling our suggestions to them.

I think people shouldn't get discourage by that, though I didn't experience other halvings cause I had zero knowledge about Bitcoin then but i think something similar have occurred before in one of the previous halving where Bitcoin price didn't go up as expected but later traced back and went up after some period, a lot of people might begin to panic and sell their coins but I still see this an opportunity to buy more Bitcoin and for those who are not opportuned to do so, holding is the best option, please correct me if you think am wrong  

It's normal for people that haven't been here for so long to panic. They think that it's the end of the world when they're mostly seeing the reds in the numbers. We can't blame them for having that panicking moments because all they want is to make profit but as they wait, they need to experience these drops for them to learn on how be resilient just as how Bitcoin is.

[alastantiger]

The people who are disappointed and depressed about Bitcoin's price after the halving are the people who get all their information about Bitcoin from cryptocurrency influencers on Twitter, YouTube, TikTok, Facebook, Instagram. Anyone getting their crypto information from there will end up having the wrong information. And the wrong information is worse than no information whatsoever.Anyone selling one is doing so at a loss. This will not be the case if they sell , 13 months from now which is what it has been historically.

[dunfida]

The people who are disappointed and depressed about Bitcoin's price after the halving are the people who get all their information about Bitcoin from cryptocurrency influencers on Twitter, YouTube, TikTok, Facebook, Instagram. Anyone getting their crypto information from there will end up having the wrong information. And the wrong information is worse than no information whatsoever.Anyone selling one is doing so at a loss. This will not be the case if they sell , 13 months from now which is what it has been historically.

If this is your first halving experience towards Bitcoin and expecting that there would be a moonshot afterwards then the current condition or situation of the market proves out that it is not.
Do your own research and trying out to compare or making out some reflection on how many months did the market shoot up its price after the halving and dont make out your own dates or periods because even if
this market is unpredictable but doesnt mean that you wont really be making yourself that adaptive on whatever the things that do happen in the market and this is why it would really be always advisable
that you should really be that adaptive and be versatile on whatever the market condition would be.

Discouragement would really only happen on the time that you do find yourself been expecting for positive things but since the market is really that unpredictable then
prices would really be that totally random as always.

[lovesmayfamilis]

Let your friend make his own decisions, but show that you are glad that Bitcoin's price has fallen a little since there is still an opportunity to buy at a cheap price. Your friend will be discouraged, and later you can show him that with Bitcoin you need to have strong hands, not react to small price jumps, but, on the contrary, look for ways to buy more at such moments.

[Plaguedeath]

A lot of expectations were cut short after the halving event cause most people expected Bitcoin to set a new height of $80k but then it didn't even get close to the previous all time high and have reduced below $60k currently.

What? so someone buy Bitcoin just because they believe it can reach $80K? their expectation is really really small! the volatility in Bitcoin is high, reaching $80K is easy, it will happen either in this year or next year.

Indeed your friends have no idea about Bitcoin, if your friends only looking for small gains, why he didn't choose blue-chip stock instead.

[Nrcewker]

Yes people are panicking by this sudden price drop. This only proves that these guys are the short term traders and not into Bitcoins for long. This is just a price correction I would say and this is very normal. Instead of panicking I would suggest treat this as an opportunity to buy the coins for cheap. Bitcoins will again rise in price if the demand to accumulate the coin increases. Hence don’t miss this chance and buy the coins asap.

[Marykeller]

The majority of newbie investors fall guilty of this(selling their bitcoin), each time the price of bitcoin decreases. To them, they have in mind that, bitcoin will always soar in price, it will never decrease below their invested price. The moment it does, it will begin to give them the wrong impression that bitcoin is a scam. Just because it doesn't go as they must anticipate it to go(have an increased price that will generate profits).

I learned to believe that, those that foresee bitcoin as a scam, were not properly educated on the basics of bitcoin. They were only told, to invest in bitcoin and make money without letting them know about the bitcoin volatility. You can imagine when someone has that kind of wrong perception at first, what would you think would be their reaction? To react badly, I think.

In a nutshell, let's be mindful of how we introduce bitcoin to our friends or relations because not every one of them can be able to endure their money being lost to what they have no full knowledge of.

[Darker45]

You are right. The effect of the halving on the price isn't instant. It takes several months before the price totally absorbs the impact of the halving. It takes more than a year before an ATH is reached after the halving. Today, we're just a couple of weeks from the halving. Those who are expecting the price to skyrocket this early are too excited. They need to get back to the charts to realize they're expecting a premature ATH.

If the correction today shakes them already and pushed them to sell, then they've failed to properly prepare themselves.

[Rabata]

A Bitcoin trader knows what is the buy price of his bitcoin and when he has to sell. If an investor decides to sell his bitcoins I will not stop him. But if he doesn't have proper knowledge about Bitcoin then I would suggest him to keep his Bitcoin. Because there are many investors who don't value the importance of holding bitcoins due to lake of his knowledge.
 
There are many ETF traders today who will never hold because they have invested too much to make short term profits. And those who are holders invest such amount of money that they can keep for a long time. So it is not possible for everyone to become a holder of Bitcoin.

Not everyone can dream by Bitcoin and those who don't try to hold bitcoin according to the potential of the future can never expect high return from Bitcoin.

[Questat]

Never advice anyone to invest in anything, if things go south - you will be blamed, you will lose a friend or maybe get in a life long fight with a family member.
Worst case scenario, they will go to court with you for wrong financial advice etc.

I don't think it was a piece of advice but just a sort of reminder that halving couldn't save Bitcoin from a sudden drop nor it keep everyone waiting for the new ATH because whether we like it or not, it remains unpredictable and many investors will sell as the price skyrocket. In fact, we've been surprised with this as we expect more on the pump after halving, and we are wrong.

But I see the point of not encouraging people to buy especially when they are uncertain and no-how about this because you are right, these people will blame us in the end and even say we are scammers. We'd rather tell no one and just let them discover this by themselves.

[Onyeeze]

It is people who does not know they fundamental ways of Bitcoin that will be discouraged for investing in Bitcoin because the price of Bitcoin getting depreciated in the market can't be one of the things that will make you to be discouraged for investing in Bitcoin the thing I know quite well is that bitcoin investment take place when the price is high and it is people who does not understand the method of investing in Bitcoin that I think that the best time to invest in Bitcoin is when the price is high why the best time to invest in Bitcoin is when the price is low so at this point that the price of Bitcoin is getting lower so I think we have to wait and cross check the movement of candlesticks if it will be continued to going down or not so if the price is something that will continue to go down then we have to wait on the purchase more of Bitcoin to accumulate in our wallet

[kryptqnick]

Bitcoin itself isn't a scam, and calling it so is just a mistake based on confusing Bitcoin with other things (other crypto projects or scammers who take BTC from people).
But I also think there's no sense in convincing people to hold Bitcoin. Financial decisions are personal, and if someone feels uncertain, it makes perfect sense for those people to sell.
But yes, temporary price fluctuations aren't a strong reason to sell and don't mean anything it wrong or riskier than before with Bitcoin.

[Frankolala]

What is happening currently is just like what happened when the news that bitcoin ETF would be approved by January 10th,and before then a lot of people invested in bitcoin thinking that immediately the ETF is approved bitcoin price will skyrocket. Maybe that guy is in a rush to take profit thinking bitcoin works like ponzi scheme.

It didn't happened like that, but instead the price of bitcoin dipped for some days before it started pumping. So most people that are panicking because of the recent dip, thinks that immediately after the halving, the price of bitcoin will pump, which is where they got it wrong. The halving only triggers the bull run, so no need to worry because the bull run is on its way. Relax and hodli, if you ha e extra funds enjoy buying at the dip.

[Gaza13]

Bitcoin has been around for more than 10 years, still calling it fraud? I think your friends have just entered the world of investment, that's why they are afraid of losing much bigger money. They only think about short-term profits. Increases and decreases in investment prices are very common, so don't panic too much about this. True investors will of course not sell their assets now, they will continue to accumulate gradually and sell their assets at the price they want.

[amihada]

The price of bitcoin is falling, so it's an opportunity to collect assets for the future. Learning from experience, many people waste opportunities when bitcoin goes down, so they regret it when the price of bitcoin goes up. Don't lose the opportunity to be rich in the future.

[Mate2237]

Op the fried who was eager to sell his Bitcoin does not understand Bitcoin and also he do not understand scam. If he was hodling Bitcoin for some times now and that the market price just slightly reduce  and he started to panic again to sell off his coins. That looks like hypocrite. The guy is not truthful because probably he is hidden something from his friend if how some keeps Bitcoin when it was high and selling in the low. If if was a Ponzi Scheme, he wouldn't keep his coins there until now.

And if he kept it till now, he wouldn't withdraw it because they would freezed the coins and tell him different stories to steal the coins. He has to study Bitcoin more before he can invest in Bitcoin. And panic selling is not good in Bitcoin because you missed the real track to sell. And the best way is to be patient. Even now again the market is regaining itself.

Your friend is just like this guy.

[R100K-Martin-Lunger]

This is something that has happened historically as well. I keep telling R100K community members to not be discouraged. This is just post-halving price corrections. Bitcoin achieved a new ATH a month before the halving, which is why there's been a significant dip after the halving. More importantly, the bull run doesn't happen directly after the event. It takes a few months. So, my hopes are high. You can even benefit from the dip by investing in the right high potential coins and bitcoin so your portfolio remains diverse. I have invested in a crypto firm that offers great returns and promises maximum profit when bitcin reaches 100k., so I'm in it for the long haul!

[Bushdark]

I overheard a discussion between two friends and one was telling the other that Bitcoin is a scam and that a lot of people preached about the halving and how people could cashout from it. The other friend was trying to convince him to continue holding his asset but he refused and replied that nothing would stop him from selling the coins he's holding.

 When I heard that man mentioned cashing out from the halving, I understood that he might know about Bitcoin but he's not properly enlightened concerning it. A lot of expectations were cut short after the halving event cause most people expected Bitcoin to set a new height of $80k but then it didn't even get close to the previous all time high and have reduced below $60k currently.

 I think people shouldn't get discourage by that, though I didn't experience other halvings cause I had zero knowledge about Bitcoin then but i think something similar have occurred before in one of the previous halving where Bitcoin price didn't go up as expected but later traced back and went up after some period, a lot of people might begin to panic and sell their coins but I still see this an opportunity to buy more Bitcoin and for those who are not opportuned to do so, holding is the best option, please correct me if you think am wrong  

The halving was supposed to pump the price of Bitcoin but right now we are all seeing a negative outcome from that.
I don't we don't need to be too bothered about the current market because all we have to do is to make sure we are holding and that is how e can benefit from the entire crypto market. Cryptocurrency market is huge and because of the panic of not seeing a good results in the market, many investors have been selling part of their holdings to invest in other sectors.