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Author Topic: True Bitcoiners love red  (Read 435 times)
BitBrainers
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Today at 08:17:42 AM
 #61

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.

This is the point most people miss. A short dip is a buying opportunity. A sustained multi-year decline is a different problem entirely — it squeezes miners, reduces hashrate, threatens decentralization.
Loving red makes sense when you know it's temporary. The conviction only holds if the fundamentals haven't broken.

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Today at 08:29:15 AM
 #62

True Bitcoineirs have my respect, they don't react to the market either it's red or green they don't care, all they want is to hold for as long as they can, profits ? They don't care like mani others do.

This is why those whales are able to hold for many years in the past, it's not like they don't need money,  they do but they have their other ways of sorting that out.

They stayed true to been a bitcoiner, this is extremely hard for many investors because they want to make money in a matter of few months or few years, they don't care about holding for a very long time.

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Today at 09:11:00 AM
 #63

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.

Brilliant! I made the Orange Orange for you!



Anyone who is into Bitcoin for a number of years would generally welcome the Bear season/market as
a time for accumulation, especially those who are able be "buy low - sell high". There is a caveat though -
if you find yourself in need to a lot of funds and need to trade Bitcoin it would be unfortunate if it happened
in a Bear market - but then again yu would probably still be in profit even in the Bear market if you had
HODL'd long term.

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Today at 11:09:15 AM
 #64

True bitcoiners love bitcoin. Period.

Red or green is what the market shows, when the price is compared with fiat currencies, but keep in mind that 1BTC is always 1BTC and nothing different.

For the traders, obviously the red market means the time to buy and the green market means the time to sell, although I know most of you have been stuck doing to opposite because you never observed the market decisively. Grin

 
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Today at 11:26:33 AM
 #65

Colors are so political these days and Bitcoin is apolitical. Although it can't be denied that there will be relation to what's being in the subject through colors. While we all are for Bitcoin and we like it, I think that it stays there and each individual who likes it will definitely like the reddish days when they are up for accumulation. But it differs per situation of an investor when there are moments they can't like it when they have no plans to accumulate and only likes to see the value of their holdings go up.

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Today at 11:55:55 AM
 #66

Anyone who is that aggressive to have Bitcoin in their portfolio would never wait for the market to dip excessively before they could buy or accumulate more sats on their portfolio, they buy either on red, green or at any circumstances with the aim of doing DCA to increase their holdings. It's better to have than having none which is what is affecting most of the investors today because they are always waiting for the market to be Red before accumulating.


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Today at 12:49:23 PM
 #67


Anyone who is into Bitcoin for a number of years would generally welcome the Bear season/market as
a time for accumulation, especially those who are able be "buy low - sell high". There is a caveat though -
if you find yourself in need to a lot of funds and need to trade Bitcoin it would be unfortunate if it happened
in a Bear market - but then again yu would probably still be in profit even in the Bear market if you had
HODL'd long term.

Yeah, as a true Bitcoiner both season are most awaited. Even it is bull run or bear run. Because holder wait for bear run so that he can accumulate more in dip and holder wait for bull run so that he can book the profit of his long term patience. And as a true Bitcoiner this story not ends here. When one books its profit then he again prepare for entering the market again for another long term holding and another all time high.

Other than this, I think one should have multiple source of income so that whenever he needs emergency funds he can be able to manage those funds from other source of income. This will not affect or impact his holding and plans of Bitcoin for in long time frame. Well this is my point of view. What do you think?

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Today at 01:43:49 PM
 #68

one should have multiple source of income so that whenever he needs emergency funds he can be able to manage those funds from other source of income.

This is the part most people skip. The conviction to hold through a bear market is only possible if your bills don't depend on your Bitcoin. Financial runway is what separates real holders from forced sellers.

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Today at 01:59:58 PM
 #69

Yeah, but will you buy forever??

If you just got to know bitcoin and you are still buying your position, red could be good.

But if you are here for a long time, red isn't that good. We shouldn't be accumulating more money forever, this is greed. We need to spend money to live a good life too
I’ve always supported the idea of take profit at some point and build a good lifestyle, but the investors don't like to hear that. They just try to make things up with stories like maintenance phase…. After accumulation honestly i don't like to hear that. I mean what was the essence of the investment if taking profits isn’t that paramount.
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Today at 02:03:30 PM
 #70

I would classify a true Bitcoiner as someone who survives at least one bear market. With today's standards, if you hold through the bear market, you are an exceptional human being, because everyone has the attention span of a 5 year old and can't hold bitcoin for more than three weeks.

And it's not even a bear market. We're at $76,000. Previous generations survived up to -85%. We're cool.

 
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