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Author Topic: Bitcoin Votality  (Read 5235 times)

Offline Dr.Bitcoin_Strange

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Re: Bitcoin Votality
« Reply #45 on: June 05, 2024, 09:46:13 AM »
A good example is the bitcoin halving and its effects, a lot of people had crazy misconception of the halving and its effects, it's true that the halving brings good tidings to the price of Bitcoin but fail to realize that this process often takes time before it can be implemented. For those who were misinformed, ended up acting too early due to FOMO and it landed them in loss, making them feel that bitcoin is scam or the halving has no effect on Bitcoin price.

People who are assuming those things on Bitcoin have no business in the Bitcoin market because certainly they failed to educate themselves first of the ins and out of this digital asset. For all the excitement that Bitcoin can offer to anyone whether a trader or an investor, there is some learning curve that one has to invest time to learn with. And failure to do so can mean that there is more chance of getting nowhere and even losing some money as FUD can easily come in as a big influencer of one's decision pattern. Now, when a person is just starting the best thing to do is to start small and HODL for some time to feel the market dynamics before diving for more into the sea, so to speak. A learned guy on Bitcoin will not anymore be shocked with its high volatility and will take it as an opportunity to make more money.
Sometimes it's really not their fault.
Some get caught up with the excitement around Bitcoin and it's potential for profitability, and this could make a person forget to do proper research about Bitcoin.

And again, you know one can never learn everything by doing researches, sometimes you need to make certain mistakes and then gain experiences from this mistakes.
Experience they say are the best teachers, and that applies also in the crypto world.

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Re: Bitcoin Votality
« Reply #45 on: June 05, 2024, 09:46:13 AM »

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Offline Baofeng

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Re: Bitcoin Votality
« Reply #46 on: June 05, 2024, 10:17:16 PM »
A good example is the bitcoin halving and its effects, a lot of people had crazy misconception of the halving and its effects, it's true that the halving brings good tidings to the price of Bitcoin but fail to realize that this process often takes time before it can be implemented. For those who were misinformed, ended up acting too early due to FOMO and it landed them in loss, making them feel that bitcoin is scam or the halving has no effect on Bitcoin price.

People who are assuming those things on Bitcoin have no business in the Bitcoin market because certainly they failed to educate themselves first of the ins and out of this digital asset. For all the excitement that Bitcoin can offer to anyone whether a trader or an investor, there is some learning curve that one has to invest time to learn with. And failure to do so can mean that there is more chance of getting nowhere and even losing some money as FUD can easily come in as a big influencer of one's decision pattern. Now, when a person is just starting the best thing to do is to start small and HODL for some time to feel the market dynamics before diving for more into the sea, so to speak. A learned guy on Bitcoin will not anymore be shocked with its high volatility and will take it as an opportunity to make more money.
Sometimes it's really not their fault.
Some get caught up with the excitement around Bitcoin and it's potential for profitability, and this could make a person forget to do proper research about Bitcoin.

And again, you know one can never learn everything by doing researches, sometimes you need to make certain mistakes and then gain experiences from this mistakes.
Experience they say are the best teachers, and that applies also in the crypto world.

Or probably what they really heard from social media influencers, that Bitcoin is a get rich quick scheme so many investors fall for it. I do remember during the height of the bull run in 2021, there's a lot of crypto influencer, saying how big they make it in crypto and even showing bundles and bundles of money along the way.

But after that bull run and we went on a bear market, I haven't heard about those individuals, hopefully those who've they influence have study the market then, that it takes some time before we can make money here as it has cycle and there are no such thing as parabolic rise because Bitcoin and crypto in general are very volatile.

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Re: Bitcoin Votality
« Reply #46 on: June 05, 2024, 10:17:16 PM »

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Re: Bitcoin Votality
« Reply #47 on: June 05, 2024, 11:59:12 PM »
Only newbies and inexperienced traders and HODLers would fumble in the face of a DIP. Experience teaches us that volatility is part of the things that makes bitcoin really special and different from most other assets and it's the reason why Bitcoin has attained such an exceptional height and still aiming for greater height.
Yes, newbies and inexperienced people will have a bigger chance to fail. But those experienced people who have no patient, they will also have the chance to fail as well. So only people who have good patient and experience that will have a chance to succeed. However, the knowledge has a big role, too. People who have no knowledge, they probably become not patient because they don't feel optimistic about the future of Bitcoin. They will easily panic and sell for losses.

Rather than panicking in the middle of a DIP, experience has taught us to use it to our own advantage, so while others are panicking and some are selling off their holdings, you as an experienced HODLer uses that as the best opportunity to buy more Bitcoin and HODL more.
Smart people will take the advantage from the dip. They will accumulate Bitcoin as many as possible. The red market won't last forever, it may change to green market after few months. So they won't miss the chance to buy Bitcoin at cheap price whenever there is big dump in the market.


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Re: Bitcoin Votality
« Reply #48 on: June 06, 2024, 05:49:06 AM »
Bitcoin's volatility is a blessing to all of us. You'll never see an asset that's highly volatile as this one and it's very rewarding. You only need to be acceptable with the risk that it has and then be chill with the wild ride that it offers. For the old investors, with what I mean are the experienced on this one. You only need to be patient and don't mind all the negativity of the market when comes unexpectedly on a sideway.

Offline Dr.Bitcoin_Strange

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Re: Bitcoin Votality
« Reply #49 on: June 10, 2024, 10:43:03 PM »
Smart people will take the advantage from the dip. They will accumulate Bitcoin as many as possible. The red market won't last forever, it may change to green market after few months. So they won't miss the chance to buy Bitcoin at cheap price whenever there is big dump in the market.
Even some investors who already have several years of experience in the crypto world still fall into the traps of the volatility. Even with several years of experience, some investors are still tempted to sell during a DIP or buying in the middle of a bull run, and they end up making terrible mistakes due to FOMO.

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Re: Bitcoin Votality
« Reply #50 on: June 11, 2024, 04:18:55 AM »
Bitcoin's volatility is a blessing to all of us. You'll never see an asset that's highly volatile as this one and it's very rewarding. You only need to be acceptable with the risk that it has and then be chill with the wild ride that it offers. For the old investors, with what I mean are the experienced on this one. You only need to be patient and don't mind all the negativity of the market when comes unexpectedly on a sideway.
Don't make someone too confident without telling them the facts... some people who are involved in Bitcoin trading have also experienced defeats, resulting in losses because maybe they don't have the experience and mentality of buying and selling in cryptocurrency. Bitcoin may be profitable now, because since the beginning of the year, the price of Bitcoin has now been bullish from $35k to $70k... of course you are happy now if you have had bitcoin for a long time.

But recommending someone to buy at the current price, I don't think is something worth prioritizing. I prefer holding assets for now, there are those who say there will be another bullish moment until it hits the next ATH, but that's just a prediction and we don't have the right to believe it 100%.

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Re: Bitcoin Votality
« Reply #51 on: June 11, 2024, 04:46:21 AM »
Bitcoin's volatility is a blessing to all of us. You'll never see an asset that's highly volatile as this one and it's very rewarding. You only need to be acceptable with the risk that it has and then be chill with the wild ride that it offers. For the old investors, with what I mean are the experienced on this one. You only need to be patient and don't mind all the negativity of the market when comes unexpectedly on a sideway.
Not to all. :)
If you will ask all of the investors with regards to volatility, there will always be some who will be saying that they lost huge amounts of money because of volatility.

Volatility is a double-edged sword, and it will depend on us an investor on how we maximize it. Many made huge money because of it, but many lost their money because of it as well. Like you said, being patient is what we need to do in order for us to make profit not only with Bitcoin or crypto, but in all asset classes. Also, don't mind what's happening with the market, and just focus on investing. Focus on Dollar-Cost Averaging. Just ignore the noises around and focus on your strategy. :)

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Re: Bitcoin Votality
« Reply #51 on: June 11, 2024, 04:46:21 AM »


Offline Dr.Bitcoin_Strange

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Re: Bitcoin Votality
« Reply #52 on: June 11, 2024, 03:34:55 PM »
Bitcoin's volatility is a blessing to all of us. You'll never see an asset that's highly volatile as this one and it's very rewarding. You only need to be acceptable with the risk that it has and then be chill with the wild ride that it offers. For the old investors, with what I mean are the experienced on this one. You only need to be patient and don't mind all the negativity of the market when comes unexpectedly on a sideway.
Not to all. :)
If you will ask all of the investors with regards to volatility, there will always be some who will be saying that they lost huge amounts of money because of volatility.

Volatility is a double-edged sword, and it will depend on us an investor on how we maximize it. Many made huge money because of it, but many lost their money because of it as well. Like you said, being patient is what we need to do in order for us to make profit not only with Bitcoin or crypto, but in all asset classes. Also, don't mind what's happening with the market, and just focus on investing. Focus on Dollar-Cost Averaging. Just ignore the noises around and focus on your strategy. :)
Market volatility is one of the things that makes cryptocurrency investment so dynamic and different from other forms of investment, and Volatility can only be a problem when an investor has invested on the wrong coin (shitcoins) and when an investor lacks the patience and always considering the short-term benefits of the investment.

Volatility is an inevitable part of the crypto market which infact actually makes the market very profitable when an investor learns to use its effects to his own advantage.

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Re: Bitcoin Votality
« Reply #53 on: June 13, 2024, 05:28:23 PM »
Bitcoin's volatility is a blessing to all of us. You'll never see an asset that's highly volatile as this one and it's very rewarding. You only need to be acceptable with the risk that it has and then be chill with the wild ride that it offers. For the old investors, with what I mean are the experienced on this one. You only need to be patient and don't mind all the negativity of the market when comes unexpectedly on a sideway.
Not to all. :)
If you will ask all of the investors with regards to volatility, there will always be some who will be saying that they lost huge amounts of money because of volatility.

Volatility is a double-edged sword, and it will depend on us an investor on how we maximize it. Many made huge money because of it, but many lost their money because of it as well. Like you said, being patient is what we need to do in order for us to make profit not only with Bitcoin or crypto, but in all asset classes. Also, don't mind what's happening with the market, and just focus on investing. Focus on Dollar-Cost Averaging. Just ignore the noises around and focus on your strategy. :)
Market volatility is one of the things that makes cryptocurrency investment so dynamic and different from other forms of investment, and Volatility can only be a problem when an investor has invested on the wrong coin (shitcoins) and when an investor lacks the patience and always considering the short-term benefits of the investment.

Volatility is an inevitable part of the crypto market which infact actually makes the market very profitable when an investor learns to use its effects to his own advantage.
It is a norm that it is not everyone that will benefit from cryptocurrency, some will run at huge loss and likewise, some will make huge profit. This is why we must not invest on coins without any potential or coins that was just released into the market because no one knows if it is a pump and dump project. Stick to coins with big market cap that has being existing for a long time. Bitcoin is good to invest in, and the best way to benefit from the volatile nature is to invest in a long-term with the amount of money that you will not need for long. This will limit the risk attached to bitcoin volatile nature.

Offline Dr.Bitcoin_Strange

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Re: Bitcoin Votality
« Reply #54 on: June 13, 2024, 11:19:03 PM »
It is a norm that it is not everyone that will benefit from cryptocurrency, some will run at huge loss and likewise, some will make huge profit. This is why we must not invest on coins without any potential or coins that was just released into the market because no one knows if it is a pump and dump project. Stick to coins with big market cap that has being existing for a long time. Bitcoin is good to invest in, and the best way to benefit from the volatile nature is to invest in a long-term with the amount of money that you will not need for long. This will limit the risk attached to bitcoin volatile nature.
Apparently, losses are inevitable in the crypto market, people who benefits or gains, do so at the expense and losses of others, so people will continue to lose and so would people also continue to gain, so it's up to every investor to choose where you'd like to be, if you'd benefit from others' losses or let others benefit from your losses

When it comes to crypto investments, the safest and most reliable so fàr remains Bitcoin, so every other token, old or new are unsafe and absolutely unreliable.

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Re: Bitcoin Votality
« Reply #55 on: June 23, 2024, 04:05:11 AM »
It is a norm that it is not everyone that will benefit from cryptocurrency, some will run at huge loss and likewise, some will make huge profit. This is why we must not invest on coins without any potential or coins that was just released into the market because no one knows if it is a pump and dump project. Stick to coins with big market cap that has being existing for a long time. Bitcoin is good to invest in, and the best way to benefit from the volatile nature is to invest in a long-term with the amount of money that you will not need for long. This will limit the risk attached to bitcoin volatile nature.
Apparently, losses are inevitable in the crypto market, people who benefits or gains, do so at the expense and losses of others, so people will continue to lose and so would people also continue to gain, so it's up to every investor to choose where you'd like to be, if you'd benefit from others' losses or let others benefit from your losses

I mean that's the game here, there are losers and gainers it's unfortunate, but it's how it's been designed or at least when Bitcoin become an asset and you also have to add volatility in the equation.

When it comes to crypto investments, the safest and most reliable so fàr remains Bitcoin, so every other token, old or new are unsafe and absolutely unreliable.

Yes, that's why many of us stick with Bitcoin although we know that there are a lot of altcoins that can give us more profit, x50-x100 if you are lucky. But it's very hard to identify what projects can give you that, so that is the risk there. It's the unknown, but if you are willing to take it, then so be it. However, with Bitcoin as you main investment, you can sleep well at not and not to think that the next day, the prices will go to 0 or nose dive very hard that you will lose a lot of money.

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Re: Bitcoin Votality
« Reply #56 on: June 23, 2024, 07:41:28 PM »
There's absolutely no technology or attestation to that but we only know that the demands and supplies of Bitcoin is what drags the price of Bitcoin.

And if I will have a say to that, I Will say it could be a course that probably there was a high volume of demands then.

Offline Dr.Bitcoin_Strange

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Re: Bitcoin Votality
« Reply #57 on: June 23, 2024, 09:09:35 PM »
There's absolutely no technology or attestation to that but we only know that the demands and supplies of Bitcoin is what drags the price of Bitcoin.

And if I will have a say to that, I Will say it could be a course that probably there was a high volume of demands then.
Demand and supply is a great tool when talking about things that influences and drives the price of bitcoin but besides it, there are many more factors that equally play major roles to drive bitcoin price, there's global economic conditions, there's market sentiments, government regulations, there are also technological advancement to mention but few.

These factors has various ways they affect bitcoin in their own special ways because Bitcoin price as we know it is quite sensitive to change in the broader economic landscape, which makes it a really volatile asset.

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Re: Bitcoin Votality
« Reply #58 on: June 25, 2024, 06:15:18 PM »
Demand and supply is a great tool when talking about things that influences and drives the price of bitcoin but besides it, there are many more factors that equally play major roles to drive bitcoin price, there's global economic conditions, there's market sentiments, government regulations, there are also technological advancement to mention but few.
-snip-
Global economic conditions and government regulations are the most influential factors.
Just look at how the regulations on how the application of interest rates make the crypto market more volatile, if interest rates rise then the price will get more and more and this is also a factor of the SEC's policies that often make the crypto market collapse.

But in the end it will bounce back with a lot of positive news, and it will always be.
It is a cycle that never changes every year and always happens.

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Re: Bitcoin Votality
« Reply #59 on: June 25, 2024, 06:30:18 PM »
I am bothered with the spelling of the subject in the post by OP. You know that bitcoin is really “votalile”. Lol.

Anyway, kidding aside It is important to know that it is a volatile asset that would really help people in different ways. I just hope that everyone could take advantage of its volatility.
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