True Bitcoiners love red

[ThemePen]

Best indicator of market conviction is at bottom end of major bear market when masses are totally gripped with panic. However, pullback in an asset is not always bad thing as it can be once in while opportunity to long term investor to buy larger stake at lower price. So, if you need to think of it as long term savings mechanism and not trading token, reduce price, more your hard earned money goes for your purchase. This mindset approach turns emotional narrative of investing on its head, and enables disciplined and focused savers to see red charts as huge positive for their own wealth.

I think it is fear of day to day portfolio valuations that we need to overcome in order to be able to embrace falling price. While most people say that is their approach, few people have guts to purchase when sentiment is at its lowest ebb. This is defining and stark contrast that occurs in each big cycle as generational wealth moves from emotional sellers to patient accumulators. At the end, it is not simply about enjoying ups of spectacular rally but about being able to see benefits of true adoption when all else fears.

[Cointxz]

One clear thing that separates real Bitcoiners from short-term speculators is that real Bitcoiners enjoy situations where they can accumulate BTC cheaper – a bear market.

I love bear market but I will not pretend that I love more greens over red since it’s the fruit of believing by putting my money during the besr market.

We are all investing to gain in the future so experiencing bullrun is the most satisfying experience unless you didn’t purchase on the bear market.

[Hewlet]

One clear thing that separates real Bitcoiners from short-term speculators is that real Bitcoiners enjoy situations where they can accumulate BTC cheaper – a bear market.

You enjoy the red because you can buy cheaper at that point but in the long run, you want to see bitcoin getting more bullish because that's where the joy lies and you get to see do less of defending of bitcoin like times when the price of bitcoin drops.

Even if you're doing DCA and enjoys the red as times when you get to buy at a cheaper rate, the bull is still the most satisfying time for a real enthusiast that result believes in bitcoin.

[Muba20]

One clear thing that separates real Bitcoiners from short-term speculators is that real Bitcoiners enjoy situations where they can accumulate BTC cheaper – a bear market.

When it comes to investing in Bitcoin, some plan for the short term and some for the long term. But the difference in how much confidence they have in Bitcoin is easy to understand when the market is bearish. For short-term investors, a decline is a red signal. Whenever they see a decline, they quickly panic and sell their Bitcoin. But investors who believe in the decentralized system of Bitcoin and its potential try to increase their purchasing power when Bitcoin falls sharply. These two types of investors have two different attitudes towards Bitcoin.

A good quality product is discounted in the market, people first know about that product. If they think it is a good product, they are eager to take advantage of that discount. In the case of Bitcoin, those who know its true power well are the ones who get very excited and try to take advantage of the opportunity when the price of Bitcoin drops. And those who are ignorant are not able to analyze good and bad. Nothing positive can be expected from those people.

[dwyane36]

One clear thing that separates real Bitcoiners from short-term speculators is that real Bitcoiners enjoy situations where they can accumulate BTC cheaper – a bear market.

When it comes to investing in Bitcoin, some plan for the short term and some for the long term. But the difference in how much confidence they have in Bitcoin is easy to understand when the market is bearish. For short-term investors, a decline is a red signal. Whenever they see a decline, they quickly panic and sell their Bitcoin. But investors who believe in the decentralized system of Bitcoin and its potential try to increase their purchasing power when Bitcoin falls sharply. These two types of investors have two different attitudes towards Bitcoin.

A good quality product is discounted in the market, people first know about that product. If they think it is a good product, they are eager to take advantage of that discount. In the case of Bitcoin, those who know its true power well are the ones who get very excited and try to take advantage of the opportunity when the price of Bitcoin drops. And those who are ignorant are not able to analyze good and bad. Nothing positive can be expected from those people.

Short-term investors, though it would be more accurate to call them traders, panic-sell BTC during a bear market when their leveraged positions are close to liquidation.
Of course, everyone has different preferences regarding how to invest in BTC. However, I believe that BTC is ideal for long-term investing. Trading BTC in the short term also makes sense, but only to try to profit from small market movements, which can then be used to increase your long-term position.

[riscohen4]

Bear market exposes who truly believes in bitcoin long term. The panic mode people display when there is a bear market is that when they first got into cryptocurrency, they didn't start with bitcoin. They started with all those shit coins. That made them feel all coins are the same. Go check true bitcoiners. Red days are happy days.

A lot of things separates true bitcoiners from Just mere followers. And that is understanding the core concept of Bitcoin and what it aims to achieve. That alone keeps the fire burning 🥵 to acquire more bitcoin. Most of these mere followers chase the market when it is green. Then a little red shows and they are all panicking. DCA investors handle volatility much better than emotional traders and that is a fact. Keeping it real

[Mame89]

One clear thing that separates real Bitcoiners from short-term speculators is that real Bitcoiners enjoy situations where they can accumulate BTC cheaper – a bear market.

If you truly believe in Bitcoin based on its fundamentals, then a cheaper price (ceteris paribus - if its fundamentals have not changed) is a pure blessing for you, even if you are already heavily invested in BTC, because a bear market increases your BTC purchasing power.

"Whether we're talking about socks or stocks, I like buying quality merchandise when it is marked down": (Buffett)

An investor mindset must be one that sees the long term and exploits downturns as opportunities. In other words, in a crisis there's always opportunity.

While market volatility can cause panic among others (not true Bitcoiners), true investors see this as an opportunity. A low price is an attractive discount and those who view long term investments as a catalyst for continued growth are encouraged to invest.

True investors aren't reckless they know how to manage risk. They realize that what's cheap today has the potential to become even cheaper tomorrow. They have a strong mindset that allows them to maintain their investments by enjoying the investment process and letting time do the work for their assets' growth.

[Dr.Bitcoin_Strange]

A real bitcoiner is not to be even compared with short term traders who buys and sell on every little price pump or dump. A true bitcoiner  doesn't have to love red but it's something they get used to, including all other market conditions. A true bitcoiner understands that the market doesn't move one-sided alone, so it's either red, green or in the middle, understanding all that helps them to not just be focused on red or green, they know that red means opportunity to buy why all green doesn't means an opportunity to sell.

[purple_sparkles]

I also like when the price of bitcoin goes down because I’m a believer in the DCA strategy for bitcoin, and when the price is lower it means I can buy more for a cheaper price. But I also look forward to the period when bitcoin starts rising very rapidly, when a real bullish pump begins, and that’s exactly the time when it can make sense to sell. I don’t play around with small price swings because it’s too stressful for me. I once compared it for myself and realized that if I simply save consistently versus constantly trying to make profits from small price movements, the result is almost the same as if I had done nothing and just kept accumulating. But the amount of time and energy spent is huge.So for me personally, the best approach is accumulating more during the times when the charts are red. During those periods, my bitcoin deposit keeps growing.

[Akbarkoe]

This isn't entirely accurate. The lower the price the more it can negatively impact decentralization. It becomes more difficult to generate returns from mining, and only a few pools can withstand the low price. Furthermore, a lower price means fewer transactions on the network.

Therefore, as an investor, a short-term price drop is beneficial, but a sustained decline over several years is disastrous.

But fortunately bitcoin did not decline like that and the longest decline phase was only one year, it was a bear market at the beginning of a 4-year cycle, after which it was an upswing, therefore miners only struggled in the bear market due to few transactions and price drops.
It's like this year, but we don't really have a downturn like the previous cycle, right now the price is still fairly high as it only goes up and down at $70k-$80k.

Basically Bitcoiner prefers green, because the bitcoin they have is rising in price, while if it is red it is just a time opportunity to accumulate more, but not all bitcoiners like bitcoin when it is red, especially those who already have quite a lot of bitcoin.

[Jimmymoriarty]

Over-generalization op! Firstly, there is no such thing as a true bitcoiner if you ask me since Satoshi didn't exactly come up with some sort of definition to separate the true bitcoiners from the fake ones. Secondly, even hard-core BTC lovers do not like long bear markets.

Thirdly, there are many BTC investors out there who say that they love bear markets in order to buy for cheap, but are simply lying for various reasons.

[ZAINmalik75]

Where I agree with BTC, I also agree with you too, because as a bitcoiner I love bear market and I love every dump as much as I love every pump in the bull market, but the situation reverses when I don't have enough capital in a bear market and that's the worst that could happen with a bitcoiner. But he definitely has some relief that he is at least a bitcoiner and is holding some coins. Not much though, but having something is better than having none.

But you should not have used the Buffett example here because he is not a great admirer of Bitcoin and if someone is not a coiner themselves then their quotes are not deserving to be mentioned in front of a true bitcoiner. We don't accept his nature or opinions and he can keep them to himself.

Dips are cool when trying to get more sats for cheap but, when I think of a 'true bitcoiner', I think of someone who cares not about green/red/PnL.

Their favorite color is orange, and having some is better than having none.

You must be a highly reputed member of the Bitcoin cult haha I am joking and you, my friend, are absolutely right. True Bitcoiners don't care about the green or red, they only care about having more and more because that's the best they can do compared to those who had nothing.

[Patikno]

One clear thing that separates real Bitcoiners from short-term speculators is that real Bitcoiners enjoy situations where they can accumulate BTC cheaper – a bear market.

If you truly believe in Bitcoin based on its fundamentals, then a cheaper price (ceteris paribus - if its fundamentals have not changed) is a pure blessing for you, even if you are already heavily invested in BTC, because a bear market increases your BTC purchasing power.

"Whether we're talking about socks or stocks, I like buying quality merchandise when it is marked down": (Buffett)

Unfortunately, Buffett isn't someone who doesn't see Bitcoin as a valuable asset. If he were tech-savvy, I am sure he would have bought Bitcoin immediately, even when it was green. From a media outlet I read, Buffett avoids investing in the technology sector, because he doesn't want to own shares in something he doesn't understand. So, I suspect this has something to do with; why he avoids Bitcoin. Furthermore, I suspect he i simply not a tech-savvy person.

Reference : kontan.co.id - Here's why Warren Buffett doesn't like tech stocks (You need Indonesian to English translation to read it)

One clear thing that separates real Bitcoiners from short-term speculators is that real Bitcoiners enjoy situations where they can accumulate BTC cheaper – a bear market.

If you truly believe in Bitcoin based on its fundamentals, then a cheaper price (ceteris paribus - if its fundamentals have not changed) is a pure blessing for you, even if you are already heavily invested in BTC, because a bear market increases your BTC purchasing power.

Regardless, I like his principle or saying about buying quality goods at a discount. To me, it is like finding treasure, or discovering an opportunity that could be very beneficial, whether in the short term or in the long term. Bitcoin is clearly a very valuable, and useful asset. Its usefulness extends beyond financial or investment perspectives, but also as a technology that simplifies transactions. So, I think a true Bitcoiner would really like Bitcoin when it is red, and also especially when it is green. In essence, a true Bitcoiner will see Bitcoin as very useful from any perspective, including the perspective the OP is referring to.

[serjent05]

One clear thing that separates real Bitcoiners from short-term speculators is that real Bitcoiners enjoy situations where they can accumulate BTC cheaper – a bear market.

No, this does not justify a real Bitcoiner, this only justifies those traders who are willingly jumping ship whenever there is a profit to make.  For me, a true Bitcoiner are those who willingly supports the network, who are eager to use BTC for its purpose in order for the ecosystem to proliferate.

If you truly believe in Bitcoin based on its fundamentals, then a cheaper price (ceteris paribus - if its fundamentals have not changed) is a pure blessing for you, even if you are already heavily invested in BTC, because a bear market increases your BTC purchasing power.

This is more for profiteers the same person you are quoting below.

"Whether we're talking about socks or stocks, I like buying quality merchandise when it is marked down": (Buffett)

Just like what @(BTC) stated, true Bitcoiners neither love red nor green but orange.

[Joy- maker]

One clear thing that separates real Bitcoiners from short-term speculators is that real Bitcoiners enjoy situations where they can accumulate BTC cheaper – a bear market.

If you truly believe in Bitcoin based on its fundamentals, then a cheaper price (ceteris paribus - if its fundamentals have not changed) is a pure blessing for you, even if you are already heavily invested in BTC, because a bear market increases your BTC purchasing power.

"Whether we're talking about socks or stocks, I like buying quality merchandise when it is marked down": (Buffett)

I agree with you that real bitcoin investor enjoy buying the dips and hold,  because dips provide opportunities to accumulate bitcoin at a cheaper price.  But as an investor who truly believe in bitcoin are you supposed to only accumulate bitcoin when the market down?  you don't necessarily need to wait for a cheaper price or for the market to crash before accumulating bitcoin.

Therefore,  whether the market is red or green you buy bitcoin whenever your discretionary income becomes available,  because that's what real bitcoin investors do,  instead of waiting for the market to go down before buying.

[Marykeller]

Every state of the market serves a separate purpose for every Bitcoiner because it's either that they are buying at a discount or they are selling for profits in their Bitcoin investment. As some Bitcoiners would say and I quote ''Bull market makes you money, while bear markets make you rich''. Engage in whichever one(bull or bear) with long term investment in mind rather than reacting emotionally to price fluctuations

[Hamza2424]

What bitcoin enthusiasts will prefer more are the bull market, but the bull market is not real without the bear market. Stocks, gold and other assets all have bad time which are followed by good time. But with how it is like that, bitcoin enthusiasts will not care about bear market because they know it can encourage some people to also see bitcoin cheap and buy.

But it did not encourage people to buy in the bear market, especially those who are buying for the first time because everyone wants to ride a wave which has already started. They don't want to float on still water, they want to ride a volatile wave where they can put money to make more in less time. That's why the majority invests when the bull run has already started and that's why they make less profit than those who have been accumulating during the bear market too.

Speaking of true Bitcoiners, they definitely love the red market. I might not be a true Bitcoiner because I sell and buy all the time, but I love the bear market when I have capital and I fill my bags like everyone else. I don't care if I should have done DCA or not, I buy as much as I can because my targets are for the bull run, not even to hold it for a decade.

[mcdouglasx]

If we're being purists, a true Bitcoiner shouldn't care about the price fluctuations, since they were involved with the project from the beginning and believed in it. I assure you that at the time, it didn't cross most people's minds that the price would reach the scale it has, and yet they stayed, adhering to that philosophy. So, after Bitcoin's market boom, it changed the mindset of many, but is someone who has remained loyal since it became an attractive source of income a true Bitcoiner?