Quote from: Sunderland on August 06, 2024, 09:03:11 PM

Quote from: 2Pizza410000BTC on August 06, 2024, 08:40:55 PM

No one should lose patience with Bitcoin investing. Be sure to sit back and relax by investing in Bitcoin. Moreover I believe so much that those who invest in Bitcoin and who are genuine investors will never lose patience and definitely go ahead and prepare themselves for more purchases. Real investors always think of increasing their investment. Maybe there are some new investors who invest and create volatility among themselves when the market goes down a bit. But to all those new investors who invest and feel uneasy when the market falls, I would like to say to those investors, hold on to your investment, you can't control yourself in this dumping market, if you can hold on tight. Better days are ahead will come, then get a good return. Although the market is currently a bit dumping, I expect the market to regain its momentum soon and reach the peak price by 2024, but I would say to those who have invested, go ahead and invest.

Yep, the price of BTC reaching $100k will definitely happen, but we don't know when.
Crypto prices are currently falling because they are influenced by the Global Stock Market which also crashed starting 3 weeks ago along with the tension in the Middle East.

I am having some difficulties appreciating how such a vague concept of "crypto" relates to this thread unless you have some kind of an explanation for what that might be and how it relates to this thread (as adultcrypto also mentioned that angle, which comes off as a bit ironic given his user-name choice.. hahahaha).

If you meant to say bitcoin, then why did you not say bitcoin instead of speaking in gobble-dee-gook?

Quote from: Sunderland on August 06, 2024, 09:03:11 PM

And when the global stock market starts to improve + the political tension in the Middle East starts to decline, then fears of recession in this year will also disappear = BTC prices will rise and hopefully we can see a new ATH at the end of this year.

You really believe that bitcoin prices give more than a ratt's ass about various macro news events? Sure in the short term there may or may not be effects, including short term BTC price moves, but seems like a pretty BIG SO WHAT in terms of considering factors that might affect overall BTC price dynamics.

Quote from: adultcrypto on August 06, 2024, 09:41:20 PM

By the way, bitcoin have demonstrated once again that it is a good performer among the various asset classes that were impacted by the weak economic disposition that lead to the drop on price. While other assets such as gold are struggling to find support, bitcoin have seen a growth of over 6% from yesterday. This is impressive and I feel sorry for those who doubted bitcoin and panicked.

So far, that seems to be a fairly decently good observation (and point), and surely we are going to end up seeing how the overall picture ends up playing out after we might end up retrospectly look back at the various times and the years.. including if we think about how this period might end up having some kind of similar (probably not going to play out exactly) dynamics as we ended up having in March 2020.. and the recovery in bitcoin within the next year ended up being right around 16x from our low of the March 2020 correction within about a year (from $3,850 to $64,500), and even our correction in mid to late 2022 still left us with a bottom price in November 2022 of about 4x higher than the March 2020 low ($15,479 as compared with $3,850).

Sure, we could likely identify other BTC price comparisons, yet there are quite a few bitcoiners who are recognizing and appreciating the lameness of various proclaimed theories attempting to correlate bitcoin's price performance (or other bitcoin value assessment dynamics) with traditional assets (such as with the stock market).. yeah good luck to those folks who are acting as if they sufficiently and adequately understand bitcoin when they are attempting to box bitcoin into some kind of a mature asset category and without also appreciating its paradigm-shifting contribution to the world of how assets and value can be assessed.

Likely there are not too many of us who really feel that we have any clue in regards to various price step-ups that have happened in bitcoin's history and may also end up happening in the near future (and also might not), so in some sense there can be good reasons to make sure that each of us is adequately and sufficiently in bitcoin in those periods in which the BTC price step ups end up happening, because they can end up happening with hardly any notice and then if we are not in at the right times, then we may well end up losing out upon much of the price appreciation that ended up playing out while we might have been fucking around with shitcoins or putting what should have had been our bitcoin value into other assets/currencies.

Quote from: Sexylizzy2813 on August 06, 2024, 11:51:34 PM

but what happens when it keeps going down to let's say $43-$45k? After buying at $53k you discover that you have nothing close to gaining and you know Bitcoin doesn't just goes up like that, it takes time and that's where the fear comes in to make many start selling, to me it has to do with how calm you are when you're being pressured.

Of course, each of us should be financially and psychologically prepared for potential downside scenarios, including going down to the 200WMA or even below, even though surely we already had a pretty decent dip to $49.6k-ish, so it seems a bit overly pessimistic (or chart oriented) to be fucking around worrying about such downside scenarios, and hopefully your worrying about such downside scenarios is not contributing to your failure/refusal to make sure that you are sufficiently/adequately prepared for UP - especially for any newbies who might have had ONLY been buying bitcoin for less than a full cycle and even moreso for newbies who are not in a position to front load their BTC investment, it seems that those kinds of newbies just need to be buying regularly (hopefully weekly) without having any thoughts about whether the BTC price is going up or down and including perhaps making sure other aspects of their cashflow management is either in a good place or continuing to build good cashflow management systems.

Also, each person needs to consider the extent to which there might be any value to holding any kind of extra value for buying on dips rather than just buying right away and on a weekly basis with whatever level of discretionary income that they consider to be a sufficiently adequate amount.