Honestly, I see Bitcoin as more of a journey than just a price tag. Yeah, I get that the current price is on the lower side, but isn’t that actually a win for us? It means we can stack up on more satoshis. I think most of us are in this for the long haul, convinced that in 15 to 20 years we’ll beat inflation, and since Bitcoin is solid money, we'll be way better off than folks sticking to fiat.
I might need to unplug from social media for a bit since my feeds are just flooded with panic about Bitcoin's price drops and all the drama. For me, though, times like this are perfect chances to grab more Bitcoin at lower prices, helping us average down our buy-in costs.
Reddit is a social forum, you can also make your own post, similar to this forum although not the same. Why did you not make your own post about bitcoin, encouraging people to hold a mind also buy more, instead of just leaving there. We all have the right to take a kit the correct things that are happening around us and cryptocurrencies price falling are the lastest ones.
Youre not wrong about this. The only reason why someone would react negatively in times like this is possibly because they lack understanding of the market or theyre operating or approaching Bitcoin with a misconception. I see a lot folks who claim to be investors walk around with this very misconception that Bitcoin is just meant to keep accelerating in a predictably upward trend, and so they set their expectations and make decisions based on this assumption, so thats why when Bitcoin price drops or takes a downward trend, it mostly comes as a shock to them and they start to panic.
Personally I am not worried about the market price, I want to buy so the market is moving in the direction I want.
Great opportunities indeed ATM for buyers, a lot of people dont see it that way, they fear the RED and feel more
secure in the GREEN.
There is panic because a lot of people didnt realise the market was still in a Bear phase. The war on Iran and the
manipulation of the markets in general had these people hoodwinked into thinking it was all going to be Green and
the market would be climbing to a new ATH.
It is better to avoid being in a place where discussions being made have no value to your knowledge because there is no point in remaining there. The only reason to be in a place like that is to correct people with wrong fallacies, but if your main interest is to learn more and gain understanding, you need to be in a place where the main goal is for you to learn and increase your knowledge.
Another thing to understand about people in Bitcoin is that they will definitely want to talk about the price of Bitcoin because of their low understanding. So you can't escape from ignorant people; what you need to do is have sound knowledge so that you don't get influenced by those who know nothing about Bitcoin.
And they're going to realize it quite late when the price is expensive for them to own it. They don't recognize its superiority and profitability when it was still low and cheap.
That's what happens whenever the flash crash happens. People are still not used to it and get surprised by the time they see it happen. But those investors who's got a long term plan, they're chill and will continue to buy at this rate because it is what they have waited for them to have more.
I see no reason why people should be worried about the market price when they know that it will always be volatile as ever, what is expected of horse is to know when to buy and to sell, and this talks about our entry and exit position with time to get it done and, bitcoin market is not something we can just go into without having the understanding of how it works, we learn to improve everyday and know more about how Bitcoin is, so we can take advantage of the bear to buy and hold until the market pumps and we sell in profit.
The recent times are turning into a bit of a volatile one. Taking advantage of this opportunity, those who are not aware of the intrinsic value of the digital asset are spreading negative news on some social media, thus scaring a small number of investors, but the message of hope is that the price of Bitcoin will rise soon. Short-term traders who are afraid to hold Bitcoin due to market volatility need to know that Bitcoin will recover its value very soon.
This price drop is not a problem for long term investors because they are accumulating Bitcoin regularly regardless of the price. The period of price drop is a big buying opportunity for them to increase their Bitcoin holdings.
It may be good to you that the price of BTC has dump below $70k this week, but there are some people that are not happy right now, because they have plan to sell their BTC they have been hodling over some years. I know that bear and bull market will not occur at the same time either the bear occur to make people to start buying BTC to hope for future bull market that will occur.
If you don't have the knowledge of acculturation, don't involve yourself, because there will be a time you will need money that will make you to start thinking on what to do at the moment, which it may push you to sell BTC without considering the price in the market. But if you have enough sources of income, I guess you will be able to wait till the bull market will occur.
It is normal for people who spread fud to come out in numbers whenever there is a dip in price. These same set of people have been preaching 'BTC to zero' for a very long time now and sometimes you can't help but wonder if they actually believe their sermon or it has just become a ritual for some of them.
However, as you would expect, there are weak hands who react to this fud and sell their coins when it gets too loud. Before buying BTC, it is important to study how its price moves, because i can understand the panic if all you have is BTC in your wallet, but zero understanding of anything about it or how its price moved in the past.
Whenever the bitcoin market crashes people will definitely talk about it, you don't expect everyone to keep silent when bitcoin price is down. Besides, not all of us are long term investors, there are also short term traders, and these are people who are concern about bitcoin price movement.
Unlike long term investors like you and me who see market crashes as buying opportunity to accumulate bitcoin aggressively at a cheaper price and hold it for long term. short term traders are more focused on the immediate impact of the price declines.
Indeed, a good idea should not come from those who are influential and powerful, sometimes an idea can come from our own environment without us realizing it.
On the one hand, the price of Bitcoin is currently RED, the price is falling again, I had time to think for a long time, maybe this is a good step and strategy where for now I should focus on long-term investment, ignore negative news about Bitcoin for the time being, look for a safe point.
I once read a history where someone bought Bitcoin when the price was cheap and he never saw it again, before 10 years he was surprised that the price of Bitcoin had reached thousands of dollars, it seems like we can take a strategy like that and live with it for now and in the future.
I'm not worried about the price, are you? You sound as if you're convincing yourself not to worry about the blood on the charts, but your words somehow betray how unbothered you want to appear.
Anyway, whether you still have the money to take advantage of the discounted price right now or not, the point is that you're a hodler. Whatever amount you're hodling is going to appreciate over time, more than what inflation takes from it. You may add to your stash sooner or later or whenever you have an extra available, but make no mistake, what you have right now will outpace inflation. Its growth will prove to any doubter that what you did is right.
People who can buy bitcoins when it falls down actually prepare their mentality very well before that. It's normal if experienced people do that but newbies can do that too if they learned about this market well and actually wait for market dips to make their entries by purchasing bitcoin at discount prices. Most people join the market with FOMO, with green candles but most of them don't have plans for what to do with red candles or worse with bear market. By lack of proper plans for such market situations, they will panic sell and bitcoins in the market changed hands from weak hands to strong hands.
Who can buy bitcoins with good discipline, determination and well plans for future, will become strong holders and can expand their portfolios with time very well, surely their portfolios will have very good ROIs.
Why are you going to be worried? If you join them in panic selling their holdings, you will be affected by FUD. I know many people mention Bitcoin and say it is going to die, but a bear market is always a good time to buy at a lower price.
If the price drops further, there will be another opportunity to buy cheaply.
Traders have another view on this, so they are not going to buy; instead, they are going to wait for a shift before they are going to buy again.
This is not a good thing for those who have insufficient knowledge about Bitcoin and haven't booked their profit from the Bitcoin market when it was at its all-time high. Those people who failed or were rigidly holding bitcoin when it was at its new all-time high, it would have been better if they had booked their only profit from their net investment, and now this is the best time to buy, in my point of view, with the money from profits.
Other than this, obviously, it is a good thing for those who have good knowledge about Bitcoin, and they always look for the best opportunities in the market, so that they can buy and accumulate more in the dip. One should not enter with all their money at the same time; rather, one should use a DCA strategy to buy at different points of the bitcoin market, in my point of view. DYOR!
Because this is an investment, not just an escape from the traditional system. Ignoring fluctuations is too difficult for normal people, and at least the voice of regret about poor purchase timing will whisper in their ears.
Those who knows about bitcoin are not panicking in any way. During bear market, you will see, and hear discouraging news in the social media platforms, you hear words like bitcoin is crashing, will Bitcoin still recover etc. But at this very point where some investors are complaining of bitcoin crash, you see other investors who understands bitcoin accummulating more bitcoin.
There is no bear season that people doesn't complain about bitcoin crash, but one thing is sure, despite all these complaint about bitcoin, they will see Bitcoin in a new all time high when the market finally turns bullish. So bitcoin has been around for more than a decade now, and it has never disappointed investors on the long run, so no matter how discouraging the bitcoin market might be, this is the right time to accumulate bitcoin because the bull season will come where those who refuse to buy now will likely loose or regret.
If everyone constantly accumulated Bitcoin and refused to sell, the price of Bitcoin would constantly rise. But miners sell coins because they need to pay for their miners' expenses, and investors also sell coins because they are investing in new projects. Reddit's algorithm often promotes the most clickable and disturbing content to users.
Sometime it's better to stay sidelined and do nothing, I am not talking about the general investors in crypto space but there is advantage to understanding how the market cycle really works.
Someone who have not bought any bitcoin since 126k top have already done so well fro themselves than people who have been buying in on every dips, I accept that beginners might not be able to handle this but what about those who aren't new to Bitcoin?
For beginners it's best they DCA but for those who have been here for long it makes no sense buying Bitcoin right after we've topped, so yes so far I've done the right thing but doing nothing.
There isn't nothing to worry about because eventually we are going to a new ATH in future but satoshi accumulation wise it's best to learn how the chart works, there is a big advantage to this.