Still Bullish Despite about 50% fall from ATH

[DPHOR]

You can watch the chart everyday, observe the news and sentiment of the market and measure it all up in perfect weighting for a precise genius level conclusion.
   More likely you aren't perfect and the more times correction is attempted, the greater the mistake is likely so the majority of people aren't suited to trading they upset themselves like a kitten with string :p

This brings us to know if actually trading is meant for everyone?
Honestly, some people could do well at holding that trading because they can’t really factor the market on the next action and even if they keep watching and observing the market, whenever the sentiment comes they automatically being dropped where they would lose money and regret of opening a position without the right confirmation to the market. But if most people don’t jumped into trading but hold then there could be more hope for them than trading.

[Out of mind]

Black Rock has held onto their investment so far and they are following a plan to hold onto it in the future. The market has rebounded somewhat from the all-time highs where the Bitcoin market fell. We saw the market come down to a low of around $57k from the highest level, and accordingly the market touched $87k again a few days ago. We expect the market to be in a much better position before the next halving, as the Bitcoin market has come down a lot due to an unexpected event. Right now the market is in the $75k but we hope the market will not remain in this position, maybe it may drop a little more in November. However, Bitcoin will definitely continue to increase in the future, its price will gradually increase as people become more confident in Bitcoin, then its demand will increase. After the next halving, the demand for Bitcoin will increase more than it is now, so its price will be much higher. However, those who are still interested in investing will benefit in the future if they invest now and the market will decrease and then increase later, this is the principle of Bitcoin.

[Kelward]

As a bitcoin investor, you have no business monitoring the chart because it's an unhealthy practice that will not lead you anywhere.  It's not right to be checking the price or monitoring the Bitcoin price chart every day because it may compel you to sell of your investment in panic, if their is a massive dip in the market. Moreover, it's most traders that are looking on making quick profit in the market that should be doing that, not an investor that is in buying and holding for long.

Exactly, and some people are not aware this could happen if they keep checking the price of Bitcoin regularly. People who are entitled to this are traders or gamblers who are looking for any slight  opportunity to milk from the market so it should not be a thing for investors because someone who already has a long term goal and plan should not be looking for things that could counter their plan or goal. If we check very well, this has been the reason some people fall from their fate in holding Bitcoin for long term.

As an investor who plans to hold Bitcoin for many years and you believe that it can always reach ATH there is no reason for you to be monitoring the market, it would be a distraction to your long term plan because Bitcoin is a volatile asset. The reason why many of us buy dip is because we know that Bitcoin has potentials to reach ATH so if we buy and it dip further instead of being in panic to sell it would be time to accumulate more. People in the Bitcoin market really should define why they are buying Bitcoin, the decision will help them to be more focused, if you're in the market for quick profit that is when monitoring the market is essential but if you're for long term investment you should just buy and hold from your discretionary funds.

[Noorooo]

Black Rock has taken it to the social media in claiming that they are still bullish with their bitcoin investments ever since the $126,000 all-time high fall to this day, which means that anyone that invested long time ago will definitely make more profits with Bitcoin, they will always be a market surge after every fall, imagine if blackrock continue to hold their bitcoin until next halving in 2028 or maybe beyond.

I can't imagine the number of assets lost in traditional currency due to the incidence of inflation over there economy, while challenges like this are a part of what makes everyone almost consider the use of a decentralized digital network with Bitcoin, because there will always be a certain future where what you have invested in has a value that always appreciates instead of diminishing with time.

Bitcoin is now at $72k, and the more it rises, the higher your chances.

I also believe on Bitcoin  long term potential and  i also know that major institutions like BlackRock showing confidence in its future . However i don’t agree with your point that the Bitcoin market will have a surge after every fall. The market is so unpredictable any thing can happen at any time. I think the key is to focus on Bitcoin’s long term fundamentals . We should never forget one thing that past performance does not always guarantee that its future performance is also be like that.

[Awaklara]

Right now the market is in the $75k but we hope the market will not remain in this position, maybe it may drop a little more in November.

Indeed, as you said, there has been a little downward movement. Currently Bitcoin is priced around $73k. Hopefully the decline does not continue and we do not see a price below $70k. If the price of Bitcoin drops deeply again, things will not be good. We were very excited to see the price go up before, but the market hasn’t moved as we expected after a few big platform incidents.

[Gaza13]

Not just Black Rock but a lot of other institutions are yet bullish. Yes, we did see a fall from the ATH of $126k but the fall was not sudden. There were a few rejections and only after that we saw price hitting the rock bottom. We already are experiencing recovery as bitcoins have already hit $82k again so that makes me a lot more positive. I am one of those individual investors thinking a bull run is about to approach. After bad times, good times always follow so all these months when bitcoin was at the bottom, maybe it was just preparing itself to hit another ATH?

Yes, institutions like Black Rock are a long term investor so short term market movements would not really hinder their decision. But it is us, individual investors who usually panic and start selling instead of keeping faith in long term growth.

With an increasingly mature foundation of adoption at the global level, patience and strategic consistency will be the key determining factors in maximizing the future potential of this asset. It is only a matter of time, and it has been proven that Bitcoin serves as a hedge against long term inflation, in addition to having a very limited supply. Once we are actively involved in the market and familiar with the characteristics of the assets we hold, I believe there is something wrong with anyone who panics or sells when the market dips. Declines are a common occurrence in investing, and we all trust that prices will recover in the coming years it is simply a matter of market cycles.

[cryptomaniac_xxx]

Right now the market is in the $75k but we hope the market will not remain in this position, maybe it may drop a little more in November.

Indeed, as you said, there has been a little downward movement. Currently Bitcoin is priced around $73k. Hopefully the decline does not continue and we do not see a price below $70k. If the price of Bitcoin drops deeply again, things will not be good. We were very excited to see the price go up before, but the market hasn’t moved as we expected after a few big platform incidents.

Doesn't matter if it goes down below $73k. That is a perfect opportunity to buy cheap Bitcoin isn't it. Of course, when we open our portfolio we will see a massive decline. But that is just a paper lost. If we ain't selling then it won't affect us.

So for the smart investors, this is a great time once again to buy and fatten our wallet. But for those who are nervous about seeing the price decline from $85k to $72k, then they should be mentally strong and not be carried away just because their investments are going down, it's just part of the long game here.

[Taskford]

Right now the market is in the $75k but we hope the market will not remain in this position, maybe it may drop a little more in November.

Indeed, as you said, there has been a little downward movement. Currently Bitcoin is priced around $73k. Hopefully the decline does not continue and we do not see a price below $70k. If the price of Bitcoin drops deeply again, things will not be good. We were very excited to see the price go up before, but the market hasn’t moved as we expected after a few big platform incidents.

Doesn't matter if it goes down below $73k. That is a perfect opportunity to buy cheap Bitcoin isn't it. Of course, when we open our portfolio we will see a massive decline. But that is just a paper lost. If we ain't selling then it won't affect us.

So for the smart investors, this is a great time once again to buy and fatten our wallet. But for those who are nervous about seeing the price decline from $85k to $72k, then they should be mentally strong and not be carried away just because their investments are going down, it's just part of the long game here.

Agree, it does not matter if we drop more lower or we see Bitcoin starts to recover. Because at this point, its important for investors to continue buying their shares.

If they got scare around and think about price might possibly drop more. Then maybe those people might missed this current down trend, Again and again this situation is temporary. We already see how great Bitcoin is.

We all know that this coin is more better than those FUDs spreading on internet.

[Dick Long]

Black Rock has taken it to the social media in claiming that they are still bullish with their bitcoin investments ever since the $126,000 all-time high fall to this day, which means that anyone that invested long time ago will definitely make more profits with Bitcoin, they will always be a market surge after every fall, imagine if blackrock continue to hold their bitcoin until next halving in 2028 or maybe beyond.

I can't imagine the number of assets lost in traditional currency due to the incidence of inflation over there economy, while challenges like this are a part of what makes everyone almost consider the use of a decentralized digital network with Bitcoin, because there will always be a certain future where what you have invested in has a value that always appreciates instead of diminishing with time.

Bitcoin is now at $72k, and the more it rises, the higher your chances.

I also believe on Bitcoin  long term potential and  i also know that major institutions like BlackRock showing confidence in its future . However i don’t agree with your point that the Bitcoin market will have a surge after every fall. The market is so unpredictable any thing can happen at any time. I think the key is to focus on Bitcoin’s long term fundamentals . We should never forget one thing that past performance does not always guarantee that its future performance is also be like that.

We don't have to be moved by short term movement in the price of Bitcoin because that does not count at all.
Anyone that wants to invest in Bitcoin should not be bothered about how the price of Bitcoin has been moving currently when their is a long term goals to accumulate Bitcoin to gain that financial liberty without looking to get tiny interests from banks.
I believe in Bitcoin and I know that the price is going to reach half a million dollars one day.