Bitcoin is performing just fine currently

[GiftedMAN]

confidently i belong to the second group of people i see btc crashing and i immediately buy as much as i can

It is good to buy BTC when it is low, but take note that you can only say this because you have some knowledge about how the price of BTC moves.

One thing that I have realized lately is that having knowledge of bitcoin helps you to utilize the opportunity to buy when the price is low but another thing is the ability to withstand fear and panic when the price dips more even lower than what you bought. How many people can keep holding when the price keeps going down? a lot of people understand the price movement of bitcoin but still has the fear of taking the advantage of the low price to increase their bitcoin holding this
Is because they lack the financial capacity and patience to keep utilizing the knowledge they have got to maximize their chances of investing for their future, on this ground I think it takes a good bitcoin believer who understands the price movement to keep acquiring bitcoin and it takes his financial capacity to endure when the price is yet to increase I think having knowledge alone can't help a lover of bitcoin to buy when the price of bitcoin is low.

[redsun114]

About 2 years and 6 months ago Bitcoin was at $18k when I made a small investment in Bitcoin and Bitcoin has reached $73k. I was new to Bitcoin then and I have now understood so much about the market. I started investing in Bitcoin when it was falling and I got scared seeing this situation, when bitcoin was at $34k, I started investing and DCA Bitcoin, I went down to the bottom which was quite a stressful situation as I was completely new to Bitcoin and the crypto market, but after two and a half years, I have realized that Bitcoin is a great investment.

And yes, I also regret that I saw Bitcoin at a price where I could have profited a lot but because of my fear and lack of knowledge I missed a good opportunity, now it may not be that I have a good understanding of Bitcoin and have gained a lot of knowledge about the crypto market within these three years, but new people make the same mistake I did.

However, when the market starts to drop, many people who are new to the market start panicking and asking if the market will drop further, or if we will have to wait a long time to recover our money. Or people who are panic sellers sell coins at a small loss and do not get any profit from the market.

I think all this work is due to knowledge the more people know the more benefit they get.

[Hamza2424]

Anyone who thinks bitcoin is under performaning must be a newbie in the bitcoin world. I have been in other forums and even newbies too do understand that bitcoin has been great.

If anyone wants to invest in bitcoin they must look at the past of bitcoin and make decisions from their. bitcoin will always be bitcoin by repeating patterns.

So history is enough to teach everyone.

Hmm, History is enough in the favorable conditions, just for the sake of argument let me portray an idle situation in which the government started a crackdown where they will punish hard those who own BTC and use any of such services related to it, will history be enough for you to believe in the future potential of the Bitcoin.

I know its a little bit idle situation never gonna happen just consider it for the exception history with favorable circumstances is enough, if Bitcoin is performing due to some reason and i say Bitcoin is underperforming or anyone else says that you want to call me out newbies I dont mind bro.

[RockBell]

One thing that I have realized lately is that having knowledge of bitcoin helps you to utilize the opportunity to buy when the price is low but another thing is the ability to withstand fear and panic when the price dips more even lower than what you bought. How many people can keep holding when the price keeps going down? a lot of people understand the price movement of bitcoin but still has the fear of taking the advantage of the low price to increase their bitcoin holding this
Is because they lack the financial capacity and patience to keep utilizing the knowledge they have got to maximize their chances of investing for their future, on this ground I think it takes a good bitcoin believer who understands the price movement to keep acquiring bitcoin and it takes his financial capacity to endure when the price is yet to increase I think having knowledge alone can't help a lover of bitcoin to buy when the price of bitcoin is low.

People still do not comprehend why they should study; you cannot do anything without knowledge of bitcoin. Only when you have information will you be able to make money since there is so much to learn that even if you want to hold, you will not be able to do so. Knowledge may not help you overcome fear. But withstanding fear of being inbuit. The problem is that even with even if you have been holding for long when you see the price coming down you won't feel happy at all because the money you worked. To invest you need to be financially okay and to stay you have to have patience because you won't want to buy high and sell low. And you have be good in management so  that you don't end up selling what you already have. Adding up to what you have will be the best option.

[Dr.Bitcoin_Strange]

Bitcoin is doing perfectly ok. If not that the price history of Bitcoin took a different tole this year and was able to give rise to a new all time high even before the halving event took place, by now the price would have still been around $45k - $55k but instead bitcoin surprised investors by giving a new ATH before halving.  There was some prediction I saw lately which even suggest that Bitcoin price might drop below $60k between now and ending of the year and I know it can be possible because hopefully we shall still see a huge price pump before the end of next year.

[boyptc]

well we can definitely see how there are two kinds of people in this world

one are those who see bitcoin's price being low and thinking that it may continue to go down so they do not want to invest in it because they believe they will just lose their money

the other one are those who are happy to see bitcoin being low because this means they now have the chance to buy bitcoin

confidently i belong to the second group of people i see btc crashing and i immediately buy as much as i can

If you have been on this market for years, the drops that we're seeing won't affect you a lot. Whether you're a long term holder or casual holder but believes that something is up in the upcoming months of Bitcoin.
 
We're all waiting for the best.

We won't be discouraged with how it is right now because it has dropped a lot after hitting the former ATH and the new one.

And as the title says, there's no problem to it as it's true that currently, it's fine.

[Onyeeze]

Anyone who thinks bitcoin is under performaning must be a newbie in the bitcoin world. I have been in other forums and even newbies too do understand that bitcoin has been great.

If anyone wants to invest in bitcoin they must look at the past of bitcoin and make decisions from their. bitcoin will always be bitcoin by repeating patterns.

So history is enough to teach everyone.

different people have different objective and agenda towards bitcoin existence, some people even did today or till now there are not believing that cryptocurrency especially Bitcoin willy stay to the extent of lasting the now so it was been introduced in 2009 and since then it has been performing Across The Nation so which we all know that this currency have integrity and they also a policy so I don't know why someone will think that bitcoin is still a performing currency anyone who thought of that I will agree with you that is still a beginner in anything that has to do with the Bitcoin and the other currency, from when bitcoin was established till date I believe that bitcoin has already has a firm.

[Queenjelity]

Yeah I heard so,  I am a newbie in bitcoin and I hope to be favored.

[Falconer]

Bitcoin is doing perfectly ok. If not that the price history of Bitcoin took a different tole this year and was able to give rise to a new all time high even before the halving event took place, by now the price would have still been around $45k - $55k but instead bitcoin surprised investors by giving a new ATH before halving.  There was some prediction I saw lately which even suggest that Bitcoin price might drop below $60k between now and ending of the year and I know it can be possible because hopefully we shall still see a huge price pump before the end of next year.

Things can change quickly and we never know what's next. The formation of a new ATH before the halving was basically supported by the approval of ETFbitcoin, of course because of this there was a sign of large funds entering the market which made the price of bitcoin reach its highest price. This is also new history for Bitcoin, but we still expect super high increases over the rest of the year and into the next year.

I'm optimistic about the future and that's why I'm still going. You still have to strive for accumulation to build a better portfolio, but you still have to consider other things, including having a reserve budget and so on, not just investment.

[Questat]

Bitcoin is doing perfectly ok. If not that the price history of Bitcoin took a different tole this year and was able to give rise to a new all time high even before the halving event took place, by now the price would have still been around $45k - $55k but instead bitcoin surprised investors by giving a new ATH before halving.  There was some prediction I saw lately which even suggest that Bitcoin price might drop below $60k between now and ending of the year and I know it can be possible because hopefully we shall still see a huge price pump before the end of next year.

People who are not pro bitcoin can tell all they want and that's okay because bitcoin is always an open discussion. But for me who has witnessed the past and present of bitcoin, I would not agree to those who insisted that bitcoin is performing poorly. Bitcoin is currently in progress, that's why a lot of financial institutions have become interested about bitcoin. And when it comes to price performance, I don't think if it's price suddenly drop down, bitcoin isn't profitable anymore. Bitcoin is highly volatile so expect that at times it will be pumping and at some point, we will see its price dumping, and we can't hold any of that.

[_BlackStar]

In conclusion, this post is for two sets of people;
Those who believe it's too late to invest in Bitcoin because you can clearly see how Bitcoin has grown in price in the past year.
Secondly, the post is mainly for those who believe Bitcoin is underperforming because it's not at all.

If one of your colleagues falls into category number two - then don't hesitate to take them out for a meal at an expensive restaurant and pay them out of your bitcoin profit, it may gently change their attitude.

I admit that bitcoin's performance from November 2022 until now tend to be more and has provided worth it return for all its investor. If they say it's not worth it - then maybe they're not investors, but rather day traders who lose money at every turn. Anyone who has invested since the beginning of 2023 - then they still feel big profit, even if during June the price drop.

[Pi-network314159]

In my own perspective or should I say the way I understand people and hi how they act with bitcoin price is accordance with how they invested. although bitcoin may have grown from the dip sleep of $22k to $25k-$30k...$73k and diped to $61k and below, and people are still complaining, sometimes you wouldn't blame them because most people invested when it was high and after which it fell below expected while some invested when the price was dip. So surely people act accordingly to who they get vs what the lose. A person at advantage may not border about the sudden dip because he bought way back when btc price was around $22k so even if it dip to $40k or below they are still at advantage compeard to new investors who Invested around $65k and it fell to $61k

[Maslate]

In conclusion, this post is for two sets of people;
Those who believe it's too late to invest in Bitcoin because you can clearly see how Bitcoin has grown in price in the past year.
Secondly, the post is mainly for those who believe Bitcoin is underperforming because it's not at all.

If one of your colleagues falls into category number two - then don't hesitate to take them out for a meal at an expensive restaurant and pay them out of your bitcoin profit, it may gently change their attitude.

I admit that bitcoin's performance from November 2022 until now tend to be more and has provided worth it return for all its investor. If they say it's not worth it - then maybe they're not investors, but rather day traders who lose money at every turn. Anyone who has invested since the beginning of 2023 - then they still feel big profit, even if during June the price drop.

If some would say that bitcoin is currently performing poorly, I would actually not mind them. And I won't spend money for them just to change their perspective towards bitcoin. After all, bitcoin won't be affected by how they see it, unless if the market itself will not cooperate with bitcoin movement. And maybe if they always perceive bitcoin not a profitable asset, then it's time for them to leave bitcoin, not to criticize them.

[kryptqnick]

There are a few points I'd like to make here.
First, there is of course a lot of greed when it comes to investment, including Bitcoin investment. People want more profit and can't seem to get enough even when things are going well, as they've been for Bitcoin at least since March.
However, my second point is that it's true that the price a year ago was half of what it is now, but it doesn't show the full picture. The price was also a bit higher in November 2021, which was a little more than 2.5 years ago, and it was almost the same in April 2021, which was more than 3 years ago. So there is reasonable concern regarding long-term investment if the price was the same 3 years ago and Bitcoin doesn't seem to be able to grow significantly beyond that.

[Solokan]

Certainly many people want the price of BTC to rise quickly and skyrocket quickly to $100k or $80k, but of course if we look at Bitcoin's history of price increases from time to time, of course we can see the positive things that BTC provides to long-term holders and Of course, up to now it can still be said to be good.

But of course, recently we have seen a correction occur with bitcoin, where after touching the ATH price, until now there has been a correction with the bitcoin price. It seems like people who are disappointed with Bitcoin are those who bought BTC at a high price so they definitely want to see the BTC price rise quickly to a higher price, for example $80k or $100k, and usually people like that are still beginners in BTC. because people who are experienced in BTC will certainly not be disappointed with Bitcoin because Bitcoin has never disappointed them so far.

this is a good topic op yes hopefully there are many benefits yes hopefully we can see the price of btc continue to rise and touch $80k first and after that go straight to $100k. Yes, of course for those who feel they are late in BTC, hopefully they can understand the condition of BTC and the BTC cycle and the most important thing is that knowledge must be prioritized because usually those who are disappointed with BTC are those who don't prioritize knowledge and most importantly they must be prepared for the risks of investing in BTC. when want to invest in btc.

[MarjorieZimmermanGinger]

I understand that we all want Bitcoin prices to skyrocket (which it's actually doing), but that doesn't mean Bitcoin is performing poorly. A lot of people expected Bitcoin to get to $100k immediately after the halving, but by history, it's usually not so.

In conclusion, this post is for two sets of people;
Those who believe it's too late to invest in Bitcoin because you can clearly see how Bitcoin has grown in price in the past year.
Secondly, the post is mainly for those who believe Bitcoin is underperforming because it's not at all.

I don't want the price of Bitcoin to skyrocket because I am worried that I can't buy in a slightly greater amount. Let the price of Bitcoin run as it is now, where there are times when it has decreased and there is also a time to increase. The two points you mean because people do not understand Bitcoin's journey so that thinking is always late to invest. Yet if you pay attention there is no word late as long as we can continue to invest in responsibility with the capital we have.

And vice versa people who consider Bitcoin to perform badly and now ask them. Did they see the development of Bitcoin from the beginning to now? Doubts will continue to follow people who don't want to learn and they will continue to be left behind because they think too simple. Whereas now Bitcoin has shown big changes which make themselves the best investment.

[_BlackStar]

-snip-

If some would say that bitcoin is currently performing poorly, I would actually not mind them. And I won't spend money for them just to change their perspective towards bitcoin. After all, bitcoin won't be affected by how they see it, unless if the market itself will not cooperate with bitcoin movement. And maybe if they always perceive bitcoin not a profitable asset, then it's time for them to leave bitcoin, not to criticize them.

Of course - you don't need to force them to change their perspective on bitcoin, but if it's your friend then you should be able to bring something of value to him especially if you want to help him improve financially.

So far I'm not someone who has any desire to argue with those who don't like bitcoin - if I find one of my friends falls into that category, I'm likely to leave him and his perspective alone and start a new topic. Of course there are exceptions - but I rarely argue with those who are anti-bitcoin.

[Rengga Jati]

I don't want the price of Bitcoin to skyrocket because I am worried that I can't buy in a slightly greater amount. Let the price of Bitcoin run as it is now, where there are times when it has decreased and there is also a time to increase. The two points you mean because people do not understand Bitcoin's journey so that thinking is always late to invest. Yet if you pay attention there is no word late as long as we can continue to invest in responsibility with the capital we have.

This all means there is a process before it skyrockets. Because that's the current economic condition of Bitcoin, the best thing is to carry out a buying accumulation. It's just that it won't be that easy because not everyone has free money to do it.

And now the price is indeed good enough to accumulate again before it skyrockets. At least, isn't the real bullish era predicted next year? So we still have several months or even 1 year to prepare it. So the hope is that when the bullish era and Bitcoin prices skyrocket, we will have the provisions to take profits. This is for holders who have a certain time period and price target. Except for long term investors who don't think about the time period and price target, the strategy might be quite different.

[Mr.right85]

There are a few points I'd like to make here.
First, there is of course a lot of greed when it comes to investment, including Bitcoin investment. People want more profit and can't seem to get enough even when things are going well, as they've been for Bitcoin at least since March.
However, my second point is that it's true that the price a year ago was half of what it is now, but it doesn't show the full picture. The price was also a bit higher in November 2021, which was a little more than 2.5 years ago, and it was almost the same in April 2021, which was more than 3 years ago. So there is reasonable concern regarding long-term investment if the price was the same 3 years ago and Bitcoin doesn't seem to be able to grow significantly beyond that.

Even greed can be used in a way that would profit you. Greed can make you forgo the plan to get more profits on a trade while in the market and the trade is heading towards your direction. Greed can make you adjust the plan to suit existing circumstances (drafting a new plan) but, can we really call that being greedy? I can’t say but, too much of everything is bad and so long as you’ve made profit or are making profit with a procedure enacted, it’s good you stay the course as you don’t only profit from it but, reaffirm yourself in your strategy.

Also, it’s very impossible to have a some worth stable price for Bitcoin or the fact that, price can’t half after a bullrun. Maybe a lot of users tends to forget we still have the bears in the market and they always gets to pull price down and mark the dip for a session.

[MarjorieZimmermanGinger]

This all means there is a process before it skyrockets. Because that's the current economic condition of Bitcoin, the best thing is to carry out a buying accumulation. It's just that it won't be that easy because not everyone has free money to do it.

And now the price is indeed good enough to accumulate again before it skyrockets. At least, isn't the real bullish era predicted next year? So we still have several months or even 1 year to prepare it. So the hope is that when the bullish era and Bitcoin prices skyrocket, we will have the provisions to take profits. This is for holders who have a certain time period and price target. Except for long term investors who don't think about the time period and price target, the strategy might be quite different.

Of course everything that happens has a process, the rise and fall of Bitcoin is a normal thing to happen. But if we want to be honest, we hope that the price of bitcoin can be at a lower level so that it can create large accumulations. Not everyone has sufficient capital and in these conditions they must have other strategies to collect. Waiting for a decline also doesn't necessarily mean people will buy because they will wait for another decline.

Without a strategy we don't have the ability to see opportunities and we will be left behind in the next bullish era for profits. So there are many things to consider so that we can continue to collect bitcoins even if we use the DCA pattern. Many people can only talk but don't have the courage to make a purchase, especially when they see the price of bitcoin is so high. Long-term investors will find it much easier because they can buy at any price as long as they dare to hold for the long term in search of profit.