Do not get discouraged by the current price of Bitcoin

[virasog]

If you continue to be in a friendship environment like that, it's bad for you. If you have no other choice, confront your friend with his stupid thoughts by explaining that Bitcoin is not about 1, 2, 3, 4, 5, 6 or 7 digit prices. Still persisting in his stupidity, leave him.

In my opinion, one should stay away from this friend who does not understand what the creataria of Bitcoin investment is. . And the person who doesn't know this, then he should just leave it where he is, meaning to explain it to someone who doesn't even know the B of Bitcoin is abusing himself.

One may either convenience the other person that Bitcoin is not a scam or else you may stop this argument as it is hard to change the opinion of the people generally. With the passage of time, those who do not believe in bitcoin will change their statements and view point when they will see the adoption of bitcoin worldwide and more and more people using bitcoins globally.

Even the people does not know what is halving and how it put a cut on the supply of bitcoin and miners reward. They only think of Halving as the sell the news event and therefore we usually see pressure on bitcoin price right after the halving. However, soon this short them dump in the bitcoin price will be over and then we will enter into a real bull phase of the market.

[Mahanton]

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  

If you do get used to on how this market works or behaves then you do find yourself having that better control.  

One of the main reasons on why i dont really make myself giving out some suggestions or recommendations to other people is that whenever they do lose up money then the ones that would be taking out the blame is the person that make out some introduction to them on which they would really be pointing out their fingers on you as if you are the ones whose at fault on losing up money.
If they were really that been aware on how this market works then they wont really be making out such thing or those kind of comments.

On the time that you would be able to gain up that sufficient experience then you would really be finding yourself that be able to handle out such situation or condition.
This is why experience would be the best teacher as always.

[Issa56]

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.

If someone wants to sell their coin, you don’t have to force them to keep on holding. Everyone has the right to do what they want, since they invested their money, so they can sell when they want. The problem people are having is that they don't really know what halving is all about. Most of them just think that after halving, bitcoin will start pumping, but it's not like that, always it does take months before the bull run will start.

Some people sold their properties just to invest in bitcoin because they heard after halving that it was going to pump. Most of them don't know it's not immediately after halving, and now people who don't know much about halving are angry that bitcoin keeps on dumping even after halving.

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  

If there is any dump, if you have any amount of money that you won’t be using for now, then you can just keep on accumulating your bitcoin. Just know that a bull run is coming, but the problem is that nobody knows when it’s going to start; it might be when people never expected it, so just be prepared.

[Dzwaafu11]

I really wonder why people think that when Bitcoin doesn't meet their expectations, they immediately assume that Bitcoin is a scam. Moreover, they only look at the market from the halving. But what is certain is that I understand that perhaps it was due to their disappointment when they saw their portfolio drop drastically.

However, the price of Bitcoin will definitely change. I think the best way is to stay calm and think clearly. As well as providing an opportunity for the crypto market to make quite good progress. but this certainly won't be easy. be patient, once again. We can also take advantage of this opportunity very well. But indeed, it won't be that easy. still a long time.

People who later failed in bitcoin investment and said it was a scam are those who rush to invest. These are the people who did not learn anything basic about the investment. Because they see or hear that the price of bitcoin will soon reach ATH, greed pushes them into the market. And bitcoin investment is not working that way. As an investor, you have to know everything about the investment, both the dos and don'ts of it, and the risk of bitcoin investment is very important too.

You know they don’t really know the risk of the investment until they invest, and they later realise how the market works and some other risk that is attached to bitcoin investment, which is when their eye is getting cleared. You will hear someone claim that Bitcoin doesn’t favour him, not knowing that he or she is the one who did not follow the right path.

The price is very volatile. No one can confidently tell you how the market will look now or after, so we need to be very careful when it comes to investing in bitcoin, knowing the risks that are attached to it and also being ready for a long-term investment because people get confused when they see the market is dumping and sometimes even sell at a loss, which is not the aim of the investment; the aim is to make a profit from it. 

[freedomgo]

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.

A decision that would make him regret it. Not many people are able to be patient with market conditions even though it is still testing.
As most people say, there is no need to take part in discussions between two of your friends because it is not important at all. Making decisions without any knowledge based on boredom is a stupid act. It's not our money, it's none of our business.

If the current market conditions make it difficult to break the price of $75k, then it should be remembered that Bitcoin once reached a price of $73,777 which is close to $74k.
If a few moments ago the price fell to $56,552, now it has strengthened again to $61k.
Patience is needed but don't give advice to people who think like one of these friends.

If it’s not your money, then you have no control of it even if it means selling all their coins at the current price condition. Let him sell so he will experience how it feels to be at a loss, and surely regret will come later and by that time, he’ll learn his lesson from his own wrong action.

You know we met a lot of people like this in the forum. But don’t worry, they won’t act stupid all the time, they just have to learn their lesson the hard way so they’ll be able to understand how halving really works in the market. And how patience can help them reach far from where they are starting.

[Belarge]

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.

Make we just continue to dey sit down ontop. Our opinions matters because most people are just here to sabotage their business. We should always knows our problems and the ones we can confidently resolve and the complicated ones that will need the hands of the very top.We ought to refused from any nonclear figure because the safety of the students shouldn’t be down here. Bitcoin is now scam and have played good roles to the smart ones, they understands the market and gives their 100% to their bosses.

[oktana]

It’s not their fault to think it’s a scam when they are blinded by volatility. Despite having some Bitcoin, I was careless about the reduction in price (even if I knew it’ll bounce back up) because the purpose of Bitcoin still stands even if we go down back to $18k. Stories like this are example of why we should tell people the primary purpose of Bitcoin while discussing the joy that could come from its volatility. Too many people think it’s all about when the price is increased, etc.

[Ever-young]

It’s not their fault to think it’s a scam when they are blinded by volatility. Despite having some Bitcoin, I was careless about the reduction in price (even if I knew it’ll bounce back up) because the purpose of Bitcoin still stands even if we go down back to $18k. Stories like this are example of why we should tell people the primary purpose of Bitcoin while discussing the joy that could come from its volatility. Too many people think it’s all about when the price is increased, etc.

This isn't the first time bitcoin is experiencing a DIP, in fact, Bitcoin has experienced even bigger DIPs than this in its history, but it's ability to always bounce back and break through current ATHs to a new one has always been what strengthens the hopes of investors who.
As an investor, you're supposed to prepare for everything and anything, knowing too well that the market is very volatile and unpredictable and so can take any shape at any time, so one should always be prepared even for the DIPs when they eventually come because they'll surely come whether you're prepared or not.
There'll always be people who will complain during a DIP and there'll also be people who will end up making wrong choices and decisions too due to fear of the unknown, but preparing your mind and expecting it will help you look beyond the short term fluctuations and focus more on the long-term trajectory.

[bettercrypto]

In the first place, I didn't even notice if bitcoin's price value was declining because it was normal to happen in the market in this field of the crypto space. That's because you know there is a correction going on in the market so far.

And I think, too, that this correction is not over; it is deeper, and I really think its depth is around 41–52k $ each of.Bitcoin, so its congestion is long-lasting. The trip will now.

[aylabadia05]

<snip>

In my opinion, one should stay away from this friend who does not understand what the creataria of Bitcoin investment is. . And the person who doesn't know this, then he should just leave it where he is, meaning to explain it to someone who doesn't even know the B of Bitcoin is abusing himself.

Not always people like to hear our sermons. Especially what was said about money. Enough to advise yourself to be wise.
I am of the principle that people who are only ready to accept reality in happy situations and refuse to accept reality when it is difficult, are not ready to be true human beings.
The action I would take, would be to ignore him by pretending he never existed.

Since Bitcoin was first created until now, it has been proven by research and recognized by great people who have high IQs in accordance with reality. It's not wrong if we think it's just a waste of energy like in my first paragraph above to convince the stupid thoughts of one person who decided Bitcoin was a fraud.

[Mrbluntzy]

The starting price of Bitcoin in January was very poor if I begin to link it to the current price, it has no discouragement on me. Anybody that bought Bitcoin at a very low price will not feel disappointed even now that the price has reduced to $60000. In  no time, probably before the end of this season Bitcoin price will still pump. The only investor of Bitcoin that will feel disappointed right now are the people that invested when the price of Bitcoin was $73, 000 but let them be patient and the price will bounce back.

[Alone055]

And I think, too, that this correction is not over; it is deeper, and I really think its depth is around 41–52k $ each of.Bitcoin, so its congestion is long-lasting. The trip will now.

If you are constantly watching the market, you will see that it has already recovered a bit from that dip and is currently trading above $63k, so there is no sign for it to go as deep as $52k or lower. This coming week will show where the price will move next, investors will need to be quick with their decisions.

Since Bitcoin was first created until now, it has been proven by research and recognized by great people who have high IQs in accordance with reality. It's not wrong if we think it's just a waste of energy like in my first paragraph above to convince the stupid thoughts of one person who decided Bitcoin was a fraud.

There is no point in making someone understand or convincing them that Bitcoin isn't something bad. You don't get anything out of that, whether they accept the reality and embrace it with open arms or willingly close their eyes and say they can't see anything, none of that is going to affect you or Bitcoin, so just let them be with their thoughts and decisions.

[slaman29]

Oh just relax guys after going to 73k why are we worried at this price now lol

I am still pained that I took so long to get into Bitcoin when I could have since 2014 but I can't turn back the hands of time, now all I can do is give my best and accumulate as many as I can, the future looks brighter for Bitcoin.

Happy to hear. The lesson from guys like us to everyone is 'Don't look back, you think those guys who had BTC in 2010 don't look back?'

We can't change yesterday but we can prepare for tomorrow.

Don't be the guy in 2030 who is still pained he didn't buy at 60k today

[boyptc]

Oh just relax guys after going to 73k why are we worried at this price now lol

No worries at all if you know and seen how and last year has started.

Those that are worried probably bought at the new peak which is $73k.

The best is yet to come and who will be the most patient wins.

[Princess Leah]

No worries at all if you know and seen how and last year has started.

Those that are worried probably bought at the new peak which is $73k.

The best is yet to come and who will be the most patient wins.

Anyone who understands how BTC operates would see no reason to get worried or panic cause the best is yet to come. It's only those who rushed to invest into it when they got little idea that would see a reason to panic when the price of Bitcoin goes down, most of them got into the market due to wrong informations they got about the halving.

 I believe the man who was complaining to his friend when the price went down would be very disappointed at himself currently if he had sold then cause few days after the price went beyond the initial price of about 57k it was when he made mention of selling his coin. Now this would teach him a lesson if he sold cause Bitcoin is currently 63k and has a potential of going higher.

 For a person holding for a long term, buying at the peak of 73k shouldn't be an issue, mostly  if the person bought bulk Bitcoin then there's no reason for panic cause there's a great possibility of Bitcoin going beyond that mark.

[arwin100]

It’s not their fault to think it’s a scam when they are blinded by volatility. Despite having some Bitcoin, I was careless about the reduction in price (even if I knew it’ll bounce back up) because the purpose of Bitcoin still stands even if we go down back to $18k. Stories like this are example of why we should tell people the primary purpose of Bitcoin while discussing the joy that could come from its volatility. Too many people think it’s all about when the price is increased, etc.

In my opinion, those who think Bitcoin is a scam certainly don't understand Bitcoin well and they only hear some information and don't seek to understand Bitcoin from those who already have a correct understanding of Bitcoin and for those of you who understand Bitcoin correctly, of course you don't. will be affected by volatility and also news that is not true about Bitcoin, so I think those of us who don't understand well how Bitcoin works and volatility of course they have to learn it well from those who have gotten results from investments that other people have made in Bitcoin. and they must hear it clearly so that there are no misunderstandings in understanding Bitcoin.

Most likely they don't have enough knowledge about bitcoin that's why they can say those words on this coin. They only look up for some idea that it needs demand before bitcoin price to rise and associate it as ponzi schemes. That's why they need to help theirselves since if they remain to think about that and close their doors to learn from this for sure in future when they see that someone's life has been changed from their neighborhood because of bitcoin for sure they would regret on why they ignore this and maybe think about that they could possibly earn the same if they listen.
So people should not close their doors for opportunity since there's a lot of modern ways on how they could able to earn and bitcoin is just one of that. If they are worried about price drop then maybe that's another information need to learn since key of success as investors always came from research and constant learning new knowledge about what they are trying to do.

[Kelvinid]

In the first place, I didn't even notice if bitcoin's price value was declining because it was normal to happen in the market in this field of the crypto space. That's because you know there is a correction going on in the market so far.

And I think, too, that this correction is not over; it is deeper, and I really think its depth is around 41–52k $ each of.Bitcoin, so its congestion is long-lasting. The trip will now.

Those who keep watching their portfolio will definitely feel worries and uncertainty when there is a price decline. I have had that kind of experience before and I realize that it was not a healthy practice because this will influence our minds to think negatively in every drop we see. Just like you, I have not felt the pressure of selling as I was always optimistic about the future of Bitcoin. The current price decline is very common in this market, and we have never seen it stable ever since. It drops and it pumps again, that is how it works and that is the thing that everyone must understand.

[aylabadia05]

<snip>

There is no point in making someone understand or convincing them that Bitcoin isn't something bad. You don't get anything out of that, whether they accept the reality and embrace it with open arms or willingly close their eyes and say they can't see anything, none of that is going to affect you or Bitcoin, so just let them be with their thoughts and decisions.

We have heard repeatedly that giving advice on how someone uses their money.
It's not bad if we provide understanding to people who think Bitcoin is bad as long as they are willing to use their brains to think instead of using their anger because something they want hasn't happened in time.

That's enough. Just end this.
Regarding Bitcoin and others, each has its own concept and basis for thinking. For us, Bitcoin is very great, for him, on the contrary, his business is none of our business.
The eyes will be able to see the truth if they are assisted by a scientific mind.

[mirakal]

Oh just relax guys after going to 73k why are we worried at this price now lol

No worries at all if you know and seen how and last year has started.

Those that are worried probably bought at the new peak which is $73k.

The best is yet to come and who will be the most patient wins.

I guess for newbies, the current price will certainly be a big issue for them because if bitcoin price will consistently drop its price, that will make their investment doomed. But if they know that being patient in the market most especially in times like this will pay a lot, then they won’t be worrying too much knowing the fact that this is just part of price correction.

Those who came with knowledge and completely understand the volatility of bitcoin will just face the market calm and chill, but for those who rush to invest without studying first, clearly that will be a disadvantage for them.

[wiss19]

We should let people be with their thoughts and do what they want, at the end of the day, their decisions are going to affect them and not us. If someone thinks that Bitcoin is a scam because its price didn't soar after the halving event, they should go ahead and sell their assets so that they can regret it when they see the market going up after a few months, but then there will be no going back for them and they won't be able to recover their losses then.

People who think this way about Bitcoin and the market are the ones who lack basic knowledge about the market and things such as the halving, they have just heard about the halving being a signal for a bull run which isn't completely accurate because the market doesn't start going up right after the halving.