Why Are Folks Doubting Bitcoin Again?

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Posts: 10 · Reputation: 42
#1Aug 8, 2020, 04:16 AM
Been watching the market and it cracks me up how everyone sings that "revolutionary" tune when things are good, but once it dips, it’s like their vision goes poof. We’re wired to see past prices as reality, and when market turns red, it feels like everyone's freakin' out. People really forget the fundamentals and just anchor to price.
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bridg307Member
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#2Aug 8, 2020, 06:01 AM
This isn’t new, really. There's always a crowd chasing quick bucks, but they don't think long-term and a lot of them don’t research enough. Plus, margin trading? That’s a recipe for disaster.
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#3Aug 8, 2020, 11:15 AM
Honestly, it’s just human nature. When you’re winning, everyone’s cheering you on, but the moment you stumble, they’re all over you. Bitcoin’s got those ups and downs, you can't expect continuous growth without a dip.
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dave.forkMember
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#4Aug 8, 2020, 11:51 AM
Not shocked at all. Many folks just don’t know enough about Bitcoin. They go on about how it’s worthless and when you point out the dollar's issues, they’re like, "but, military!" Some topics, people just ain't getting.
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#5Aug 9, 2020, 11:15 AM
Bitcoin is all about profits, right? Most are in for the money. A few get the real vision behind it. Trust plays a huge role; those who don’t understand won't see benefits and end up panicking.
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greg365Member
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#6Aug 9, 2020, 02:35 PM
I saw an article about young buyers opting for sports betting apps over Bitcoin. Crazy, right? Watching a game is way more exciting than staring at numbers on an app.
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#7Aug 9, 2020, 08:18 PM
Seems common for investors to not really know what they're doing. I've learned the hard way, and yes, questions are normal when the market's down. A lot are scared and might sell at a loss. But downturns are just part of the cycle.
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#8Aug 9, 2020, 11:44 PM
People freak out when prices drop, but really, it's their issue. If you know Bitcoin’s fundamentals, don’t get rattled. Hold on tight or even buy more when others panic.
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#9Aug 10, 2020, 02:18 AM
It’s about trust, not just belief. Too many are blinded by greed. Investors need to know the driving factor behind Bitcoin, not just chase profits.
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dave.forkMember
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#10Aug 10, 2020, 08:33 AM
Bitcoin's long-term is solid. Basic economics, and buyers aren't clueless. They're stacking Bitcoin because they see fiat losing value. By the way, where've you been during the bull run?
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#11Aug 10, 2020, 11:38 AM
Never tracked a bear market closely until now. Watching the experienced and the panickers. It’s normal for doubts to surface during these times, but if you're feeling risky, now's the time for Bitcoin.
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max365Newbie
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#12Aug 10, 2020, 01:36 PM
Feelings swing with the market. Those panicking are like newbies. Most traders are just speculating, looking for quick gains without understanding Bitcoin.
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#13Aug 10, 2020, 06:21 PM
Derivative trading feels like gambling to me. I tell folks to avoid it, but they don’t listen. Humans love a thrill, but a lot of FUD appears during dumps.
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#14Aug 10, 2020, 11:05 PM
Short memories are a thing. If folks recalled bitcoin's cycles, they'd know now is the time to stack up, not sell. But misinformation spreads quick, and many fall for it.
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gang88Member
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#15Aug 11, 2020, 04:32 AM
Most are just in it for the quick buck. Vision? Not really. It’s all about making money. When the market dips, the so-called "gurus" vanish.
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#16Aug 11, 2020, 06:47 AM
Anyone free to believe or not. What benefits us will be what we stick with. Some investors know Bitcoin well, yet they whine about temporary price drops.
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#17Aug 11, 2020, 08:23 AM
Sure, most want profit, but trust is key. You can’t invest without believing in Bitcoin’s future. FOMO rushes in when the market’s hot, and that’s where many get rekt.
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greg365Member
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#18Aug 11, 2020, 12:12 PM
Yeah, other finite investments exist too. Stocks and gold have predictable supply. Bitcoin’s just part of that big picture of investments, but it’s not all roses.
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#19Aug 11, 2020, 03:06 PM
And yeah, most investors care about profits. When the market’s up, it’s party time; when it drops, doubts arise. That’s totally human behavior, right?
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dan.wolfFull Member
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#20Aug 11, 2020, 07:22 PM
You nailed it there! The noise ramps up when prices rise and quiets down when it drops. People expect a never-ending bull run without realizing how supply and demand actually works.
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