A little reminder

[Furball808]

Bitcoin is struggling right now and everyone is tempted to sell, I bet. A few are probably thinking that this might be the end of bitcoin. But let’s take a deep dive into the past.

Bitcoin in 2010 never reached a $1. The next year, 2011, bitcoin reached almost close to $30. Bitcoin in 2012 peaked at $13 just before the year ended.

The first halving happened the month before in year 2012. Not even 5 years into its creation, bitcoin reaches $1000 in 2013.

Bitcoin fell during 2014. 10 years ago, 2015, bitcoin’s highest price was only around $400. Bitcoin had a slow appreciation in 2016 but eventually reached $1000 by end of the year.

2017 changed a lot of people’s lives with bitcoin reaching a high of $19,000. 2018 on the other hand was quite painful with bitcoin closing in on around $3000. Bitcoin in 2019 resulted in mixed feelings but it gained positive traction when it jumped from $3000 to $13000 again in the middle of the year.

 2020 showed extreme lows and extreme highs but ultimately reached close to $29000. Bitcoin in 2021 reached an astounding $60,000. In 2022, bitcoin wasn’t notable playing only around $20000-$30000. Bitcoin in 2023 closed at $40000. 2024 saw bitcoin reach the big $100000 milestone.

Now we’re here. So before you doubt bitcoin, remember to go look in the past. Bitcoin has always recovered and it will again.

[Somegory]

This doesn't mean that we should start catching falling knife, I still believe it is better if we all have some lesson about Bitcoin chart, we can easily tell when to buy and when to sell, weekly close is coming and there will be a problem if Bitcoin failed to retake that 102k price, we can be heading to 75k soon.

[Dunamisx]

Bitcoin is struggling right now and everyone is tempted to sell, I bet. A few are probably thinking that this might be the end of bitcoin. But let’s take a deep dive into the past.

We are used to it already, except for the newbies who couldn't understand the necessary things to do in times like this, when the market falls, you buy the dip and maintain your holding position, its actually an avenue for others to come in as well as they finds it more affordable to enter and buy, while for others already in it to maintain holding, history will always remember itself and be repeated.

[SuperBitMan]

You understand and know the history of Bitcoin growth so people like you can never be scared or be pleasured to sell because of the dip in Bitcoin right now, like I always say the people who are always scared and pressure to say their Bitcoin when there is a dip are those people who don't know the history growth of Bitcoin, I shared something in my local board today about those who sell there Bitcoin because of the dip this set of people don't know anything about the history growth of Bitcoin because I see no reason why you should be scared about Bitcoin dip except you are a trader, and I want you all to understand that if you are someone who is a Bitcoin investor holding for long term Bitcoin dip has never affected the growth of Bitcoin what you should do is to accumulate more during dip and keep holding because Bitcoin will rise again it is sure.

[Oshosondy]

This doesn't mean that we should start catching falling knife, I still believe it is better if we all have some lesson about Bitcoin chart, we can easily tell when to buy and when to sell, weekly close is coming and there will be a problem if Bitcoin failed to retake that 102k price, we can be heading to 75k soon.

Bitcoin is below $85000 right now and going to $84000, but you are posting about $102000 that bitcoin can not get to right now. It is better you post about $90000 instead of $100000. The bear market has likely started, just take note of that. We have warned when we have posted about it that if bitcoin get below $100000, that it can mean bear market and it has been what we are seeing now.

It is good to know that bear market is an opportunity for many people.

[EarnOnVictor]

Bitcoin is struggling right now and everyone is tempted to sell, I bet. A few are probably thinking that this might be the end of bitcoin. But let’s take a deep dive into the past.

Well, let me say you only exaggerate it, as only an uninformed person would think that this is the end of Bitcoin.

It wasn't the end of Bitcoin when it was below $1,000, or when it broke below $16,000 in 2022. If it could survive as low as those prices, then how much more when it is still above a high price of $80K? Bitcoin has its bullish and bearish moments, just like any other assets, it must be dynamic, and even if it dived deeper into its 4-year bearish phase, it's just a phase, it will overcome it and even move higher than the current ATH in the next bullish phase.

[Mrbluntzy]

This doesn't mean that we should start catching falling knife,

You are talking like a trader but this is not about leverage trading, if you are a holder you should not be scared to buy, even after you buy now and the price falls more you can still buy more, that's like utilizing dollar cost average method and when you hold you are not losing anything but awaiting a more better return in another market season, that's not catching a falling knife, it's traders that normally use that statement of a falling knife because they don't want to miscalculate their strategy that will cause them to lose, you know that they are short term trading are concerned about the price always but not like a holder.

[Somegory]

This doesn't mean that we should start catching falling knife, I still believe it is better if we all have some lesson about Bitcoin chart, we can easily tell when to buy and when to sell, weekly close is coming and there will be a problem if Bitcoin failed to retake that 102k price, we can be heading to 75k soon.

Bitcoin is below $85000 right now and going to $84000, but you are posting about $102000 that bitcoin can not get to right now. It is better you post about $90000 instead of $100000. The bear market has likely started, just take note of that. We have warned when we have posted about it that if bitcoin get below $100000, that it can mean bear market and it has been what we are seeing now.

It is good to know that bear market is an opportunity for many people.

Weekly close is coming, I uttered 102k because Bitcoin needs to go back up there for me to flip bullish again, if we close under that then 75k is possible, that's what I meant.

[Pathsofglory38]

I’ve never ever doubted bitcoin for a second. Because when I didn’t that in the past, it proved me wrong beyond reasonable doubt. I will say this again!! if I have what it takes to own 100 bitcoins I’ll buy and hold i know for sure I’ll not lose a dime because it’s going to appreciate not immediately but definitely.

[Tungbulu]

This doesn't mean that we should start catching falling knife, I still believe it is better if we all have some lesson about Bitcoin chart, we can easily tell when to buy and when to sell, weekly close is coming and there will be a problem if Bitcoin failed to retake that 102k price, we can be heading to 75k soon.

First of all, why all the panic? So what if Bitcoin hits 75k or even lower? If you check the history of bitcoin again, you’ll notice that bitcoin has experienced far worse crashes. Have y’all forgotten the 2018 crypto winter crash? Just after bitcoin had recently hit 19.7k in December 2017, investors were excited and full of optimism about bitcoin, and while they were still celebrating, in December 2018, Bitcoin dropped all the way down to $3,200, which is roughly an 83% decline. There are several times bitcoin has crashed but every single time, it hits new ATHs right after, so why the hell are people freaking out because of a decline like this one? Bitcoin is struggling, the market is bleeding, blah blah blah, yeah so what? Is that new?

[woez]

2020 showed extreme lows and extreme highs but ultimately reached close to $29000. Bitcoin in 2021 reached an astounding $60,000. In 2022, bitcoin wasn’t notable playing only around $20000-$30000. Bitcoin in 2023 closed at $40000. 2024 saw bitcoin reach the big $100000 milestone.

Now we’re here. So before you doubt bitcoin, remember to go look in the past. Bitcoin has always recovered and it will again.

Don't worry, BTC will return to $100,000 sooner or later. Currently, this is simply a result of slowing and decreasing liquidity growth, which is being overreacted by market participants. However, once the sell-off subsides and subsides, a reversal will soon occur.

Good, that means you're a true fan, not a casual fan. Those who flock to BTC are usually those who still believe that BTC cannot be manipulated by anyone, including governments or other financial institutions. Don't forget, once the process is complete, prepare some small denominations to pay for coffee with BTC.

[BIT-BENDER]

Bitcoin is struggling right now and everyone is tempted to sell, I bet. A few are probably thinking that this might be the end of bitcoin. But let’s take a deep dive into the past.

You are right that Bitcoin is struggling really hard at the moment but you are very wrong that everyone are tempted to sell, the only people who are tempted to sell their Bitcoin because of the poor situation of the Bitcoin market are the paper hands
We have seen what Bitcoin is experiencing before and many of us are used to it so enough of the drama and the emotional speeches.

[tsaroz]

I don't think anyone here doubts about bitcoin going over 150K. 99% of us can claim that would be a certain milestone in future but the main question is when and would most people be able to hold on to till that time?
Bitcoin has always outperformed other investments even though it were in a bearish trend for years, the bull is so significant that just holding it for long period had yielded people more than any other investment options. People should invest in bitcoin with this certainty, but they should also not blindly go all in. There was a person that sold all his house and land to buy bitcoins. He should have some other source of income to sustain his life and got into profit but it should not make us convince that taking a loan to invest in bitcoin is a good thing. Investing with your own money and taking a loan to do it is different. Loan and interest starts hurting you and you won't have chance to wait for the bear to be over.
So, I suggest everyone to keep buying bitcoin but with their own money and keeping a liquid savings for emergency and your immediate needs.

[traderethereum]

No, I am not tempted to sell my Bitcoin but I hodl it tight and still accumulate. Bitcoin is now at $84k, a decrease once more. But that doesn't mean we have to panic especially for those who saw what happened to Bitcoin in the past. We need to hodl Bitcoin and not panic so we can see when we can start accumulating more Bitcoin. If the bear market comes soon, so be it but we are ready for it and will buy Bitcoin. Bitcoin will recover soon so don't be afraid of the fall but prepare your money and continue your DCA.

[Z-tight]

Now we’re here. So before you doubt bitcoin, remember to go look in the past. Bitcoin has always recovered and it will again.

I wouldn't spend my time going back in history to 'encourage' people not to sell. It is their keys and they can decide what to do with it. So many people do not have the stomach to continue holding during a price crash and such people would surely sell.

A few are probably thinking that this might be the end of bitcoin

I wonder if there are actually people who direct their thoughts toward such, especially since we have been down this road numerous times. It is coins which have no utility that run the risk of going extinct when their price is on a rapid decline like this, but BTC is not one of such.

[Ultegra134]

First of all, why all the panic? So what if Bitcoin hits 75k or even lower? If you check the history of bitcoin again, you’ll notice that bitcoin has experienced far worse crashes. Have y’all forgotten the 2018 crypto winter crash? Just after bitcoin had recently hit 19.7k in December 2017, investors were excited and full of optimism about bitcoin, and while they were still celebrating, in December 2018, Bitcoin dropped all the way down to $3,200, which is roughly an 83% decline. There are several times bitcoin has crashed but every single time, it hits new ATHs right after, so why the hell are people freaking out because of a decline like this one? Bitcoin is struggling, the market is bleeding, blah blah blah, yeah so what? Is that new?

Yeah, I don't understand why people panic so much either, numerous threads have popped up since it crashed to $80,000 levels. Just like you mentioned already, Bitcoin has surpassed much worse falls. I personally gave up on Bitcoin after the 2018 crash, my money basically dissolved and I simply quit, cryptocurrencies and this forum altogether. It was too disheartening to see it, and by this, I understand why people panic. I don't believe we'll see such a major crash again, but I do believe that it's going to crash even lower.

[SOKO-DEKE]

Bitcoin is struggling right now and everyone is tempted to sell, I bet. A few are probably thinking that this might be the end of bitcoin. But let’s take a deep dive into the past.

It is only those who fully lack of Bitcoin knowledge that may think the present situation could lead to the end of Bitcoin. But even newbies who have basic knowledge of Bitcoin will never think it is the end of Bitcoin because they are already aware that Bitcoin involves two cycles which the bull run season and the bear season.

We have been experiencing a bullish period for a while now, so they know that a bear market may be approaching. That is why Bitcoin price has been declining recently and there is a high probability that Bitcoin will surely recover after some time. So I don’t see any reason why someone should be afraid of the struggling period of Bitcoin.

The reason why some people are selling now is because they feel it is the right period for them to take their profit. The fact is that some people have been holding Bitcoin for the long term and they feel it is best for them to sell now. Not everyone is afraid of the declining Bitcoin price and selling.

[suzanne5223]

Now we’re here. So before you doubt bitcoin, remember to go look in the past. Bitcoin has always recovered and it will again.

Anyone who doubts Bitcoin due to the current market downtrend still needs to do his/her homework about the market because this is how the market 4 years cycle always operates. I mean, after the halving effect, is the market's new ATH price, after it comes market correction, slight pump, market bloodbath, and before we see another pump in price with the altcoin season.
I believe every business minded person will agree that things like this are normal since it's something that happens in every business setting. In the BTC case, this creates an open door of opportunity to buy low, and anyone who panics and sells is welcome.

[Majestic-milf]

 No matter how much words of encouragement one can give to someone, it all depends on the persons actions at the end of the day that would tell you if they listened or not. We know that there are two kinds of investors in the Bitcoin market , the risk takers and the weak  hands so there's every possibility of those who have a low risk tolerance to be the ones who fall victim to these fluctuations. We've seen how Bitcoin has beaten the expectations of critics, survived harsh events and yet still maintained the recognition as the best cryptocurrency so a little downside should not make people panic.

[Alone055]

A few are probably thinking that this might be the end of bitcoin.

Lol, the end of Bitcoin because it dropped from $126k to $80k? Are there still people with such mindsets? If there are, then we shouldn't waste our time and energy on them by trying to explain things to them, because the history is in front of them, they should do some research and find out for themselves, instead of relying on others to always spoon feed them every information and detail and convince them that Bitcoin is here to stay. We should stay away from such people, because negativity is a poison, and we shouldn't let that get to us.

Someone who has access to electronic devices and the internet should know everything, and if they do and still act this way, they are basically starving for attention and nothing else. How could someone see everything happening around the world and still think that a basic dump could be the end of Bitcoin? Or maybe you are using that sentence from your side and no one actually said anything like that? Because it doesn't make any sense at all.