Bitcoin Forum

All the buzz about crypto lately has been about how it's going to crash and burn and how it's going to take people like us down with it.  How do you guys deal with the naysayers?

Cryptocurrencies will eventually obsolete other forms of money but still you must correctly pick the winners.

Most of the time when I see market is going to crash I try to get out of the market as soon as I see it. Most of the time I convert my Bitcoins to USDT and when the price come down I enter again like this I face less loss and when it go back up again I get more profit from it.

Well I did cash out a few coins and hold most of it,
I believe that the dump would only be for a short time and most of the investors would grab the opportunity to buy some at low price.

I try to HODL because often what happens is you sell out too late and it really sucks to buy back more expensive later on.

When people are panicking is usually the best time to buy more and I know its hard not to panic yourself too which is why I just turn off blockfolio and bittrex/poloniex whenever I feel like I'm starting to panic myself.

Say goodbye to pumps and dump scambait coins. No more 30 - 40% price fluctuations. No more Reliance on third-party exchanges or intermediaries to make and create valuations based off of user participation. Elysium (ELSM) is going to turn the banking World on its head. It's a revolution! The problem with completely decentralized cryptocurrency is eventually the exchanges will centralize the valuation methodology using traditional stock market analytics. Elysium has broken the mold!

The Elysium core Developers came up with an ingenious way to instantly create value using a "preemptive consensus valuation" (PCV) methodology.  That's why they are the world's largest private blockchain in terms of market capitalization. Their methodology is still decentralized;  however,  in their terms of service ELSM set up a community of self-governing  participants that agree on the same underlying valuation methodology.  In their TOS they set a "minimum fixed face value" for one unit of (ELSM) Elysium. 1ELSM = 50CHF Miners earn 550ELSM per block or 27,500CHF worth of Elysium every two and a half minutes.  There is a Max coin output of 704,000,000ELSM or 35.2BIllion CHF! I believe this will become the gold standard in cryptocurrency hedging. Cryptocurrency holders want a stable value not fluctuations in valuations of 30 to 40% within a week. Volatility does not create stability on the other hand it creates uncertainty. When users are reassured a specific minimum fixed face value,  then they are more likely to be confident and utilizing Elysium (ELSM)

Will there be supply and demand bottlenecking? Perhaps initially,  however;  in 3 to 5 years when Elysium has reached full Market acceptance,  it will be as easy to buy and sell this coin as easy as it is for you to liquidate Bitcoin now.  What this means: it's impossible to pump and dump this coin!  Think about what the minimum fixed face value and PCV mean for ELSM holders.  If this doesn't turn the centralized banking World on its head,  nothing will!  Essentially,  Elysium has done what those fat cat bankers have been doing for years.  They preemptively created $35.2 billion CHF ($36.8b USD) out of thin air.  Bitcoin has taken quite a long time to get where it is now,  and it's acceptance has been a gradually climb to reach its current market capitalization. The long-standing issue with Bitcoin: it's not as trustworthy to hold consistent value like fiat money does. While this is great for speculators and investors because of the potential upside;  it's not good for the common user that just wants to pay for their online college tuition.  Students and people who are on a fixed income need to be reassured of a consistent value. Normal people need to budget;  however,  speculators,  institutional investors,  and other trusted third-party exchanges have been manipulating Bitcoin to their advantage.  Using "cash injections" and "cash extractions" institutional investors have been creating boom and bust cycles. They do this, in part,  to deter the average person from making the switch from fiat money to cryptocurrency.  That was yesterday's news.  Welcome to Elysium!  Everyone is a citizen!


There is an Android wallet available onhttps://play.google.com/store/apps/details?id=de.schildbach.wallet.elysium Play Store.

And every wallet version is well represented on the official website.  E-ELYSIUM.COM

Note:  third-party exchanges or other intermediary payment systems may offer Elysium to their clients;  however, those third parties may not charge more than 2.5% above the minimum fixed face value.

***********************************************************

ELYSIUM (ELSM) has nothing to do with India.

The real Elysium brand of cryptocurrency has a ticker ELSM and they were founded in 2016. You can check the domain registration to verify this.  E-elysium.com.   A group of Indian programmers have tried to hijack our crypto brand and created their Elysium brand after we did.

I have already tried to contact the exchanges that have ignorantly and place them up for trade,  but it seems that is too late because they have already posted them.  The real Elysium does not subscribe to a centralized exchange methodology. For this reason,  you will not find them listed on any centralized exchanges because they don't believe in trusting a third party for creating a consensus valuation

That is a wild statement but quite possible at the same time  :o :o

They say that "Failures make you more strong". Whenever a crash happens its time for you to know that it will rise up very soon. Anybody can say that bitcoin prices are going to reach its all time high after this event . So no need to bother about the crash. The only thing that matters is to keep our coins at a safe place.

I do not consider it a crash, its just a Bitcoin price correction. It is a part of market cycle where bitcoin and altcoins are adjusting and aligning their prices. The key to survive in this phase is to HODL, applying average down is a must. Sooner or later we will see Bitcoin and Altcoin doing their normal chart flows accordingly.

In long term we not have issue about Bitcoin, maybe in 5 years but short time always have panic and can create the market crash anytime. We are know HardFork not new with Bitcoin from 2011 until today, many time say Bitcoin died but after crash it will increasing to highest price than history

I'm not dealing with those naysayers. And mostly I'm not listening to them. I felt sorry again because I was expecting that the price will go crashing up to $1,500 but it didn't happened so my waiting time failed again. Because the price went up again and it's now back at $2,317.

When i saw the market is crashing, i am just chilling and doing a lot of shopping and also laughing to those noobs who just took the loss and just leave the market, i saw the overall market capitalization that it declined a lot but i always believe in cryptocurrencies that they will recover and that is now happening and i am already got above average profits.

I am not holding huge amount in crypto market even if i loss it makes small difference so i am trying to bag some more coins which falls very badly then i will convert my fiat to some crypto currency .

Put them in a sack and throw them in the lake.
If they float , there were naysayers and lied.
So we burn them at the stake.

If they drown , then they were honest souls and we bury them on hallow ground.  :D

Maybe confusing my witch tests with naysayer tests.

Anyway , bad jokes aside.  ;)


If all you are doing is trading coins for profit, diversify between fiat & crypto so you are not frighten of either rise or fall.

Personally , I just picked a coin, that no matter what I and a few others can keep the network running no matter what happens in the rest of the crypto sphere.

So either find a coin you feel strongly enough about to support thru any storm, or just buy some ZEIT , because the ZEIT Knights will keep that coin alive thru whatever may come.


 8)

Goldcoin is not something that I would like to invest in so that coin would be out of the picture. The coins that will usually be the ones that get accepted by regular store owners would be Bitcoin or the other coins that are in the top 5 of Coinmarketcap. Since those coins been around the longest, they have more reliability when people choose on what they want to invest in.
There isn’t that much too it than that.

I wish I had been BUYING some btc weekly since 2014. ;)  But I am not impressed by any "crash"
I like BTC

When i see the crash i was already near to panic selling but its too late do i still dont sell it it is really stressful watching your money or your coin getting dump in the market and i guess its already in a half of its main price so my money was lose almost 50percent if its money.

We are the same bro since I do not have a lot of holdings then I don't waste my time worrying about the crash that has been happening now. Actually I am a little happy because I can buy altcoins in lower price. So right now I am in accumulating stage I buy everytime I have extra money and after I will wait for the market to cool down and wait for the big pump for both bitcoin and altcoins.

nothing special, when there is "crash" or whatever you called it for price of all coins in the market down even though i think it's just normal thing, the best decision is hold and read more ! when we selling the coin what we do is just dumping the coin more and more. For the altcoin case, we just need to read more info about the coin, some coin have a good team and strong community, maybe there is some kind of update for the coin that make it become better and attract more people.  Sometimes when the price of an altcoin drop to the lowest, it just make the coin price pumped up more than ever. But heyy this is crypto anything could be happen in anytime so it doesn't mean we must hold the coins alltimes, maybe you can take an advantage from that condition to make more profit or just sell it if you think you will lost a lot, it depends on your calculations

Yes, in fact the price of crypto on market in current are very cheap than few months ago and now is best time for people interesting cryptocurrency but miss in early 2017. But, buying in current still have more risk because in next time maybe the price of crypto will falldown more by Bitcoin is past day has crash from $2800 to $2400.

If you have a couple of hours of time left every day:
Trade!
If you are short in time:
HODL

I am short in time. So I hodl an cry 'cause of lost opportunities...
 ;D

I just held what I had and didn't sell when they dropped.

Same here,

In these times, holding what I have and pouring more money in to profit from the opportunity. Waiting for a nice entry point!

What crash rather usuall pump and dump,where you see btc crash,price down 20% on btc,it is any crash

Very wise words sir!

Deal with naysayers? Why do you need to deal with them. People will naysay. I've been telling all my friends to buy bitcoin since 2011, only one of them did finally 2 years ago, and finally a few more after the most recent correction. 

Just gotta tell people it's a long term game. Price might go down, but it rarely goes below previous highs before the last pump.  If you spend time researching and reading articles (pick good sources) it will be obvious that there is a huge range of interest corporate and individual in cryptocurrencies. It's never been more clear that crypto is here to stay, and i've always believed in it.

BTW, maybe we will go below $2000 again for a bit, but I think crypto is actually just climbing a little hill before a mountain within the year.  There are sooo many projects in beta and soon to be released, the ecosystem has more connections than ever before and growing rapidly.  People always say it's gonna crash.

In this recent btc crash, i cut loss a bit from my altcoins holding and selling btc at the highest point. Why sell? Because i know for sure that the price will go down that time, thats why i cut loss some of my alt and from this strategy i make some profit by riding this uncertainty wave with smart strategy.

The only way was USDT during the fall. But my portfolio was full of altcoins. After the loss now I am trying to catch the coins which are decreased more than the others like sys, amp or golem. This strategy worked well for me because  I bought some sys and golem nearly at the bottom. I sold my golem with profit but I am still keeping sys. My portfolio is better now.

If you are not ready to develop thick skin for things like this I have a reason that you should be somewhere else other than crypto because here there is no notification rather is there any form of historical basis in analysing what the direction of price is going to be. The moment those situations feels normal I am not bothered on riding out, I just ride with the tide because I am sure the tide will recover and everything  will be fine once again.

In my modest opinion i think that people with the coolest heads are the most successful in crypto markets as well as in share  markets.

Recently I experienced the same unpleasant feeling of watching my investment decrease in value.
I decided not to panic and hold, there is no reason that I will not get my money back in long term, And there is one very good argument, sort of argument- the past behaviour of market.

In this recent trade i did make a mistake by trying to ride the wave, i was too late.

Have you experienced a trade when the investment have not bounced back to level of your buy price?

I hold my coin. Well, I believe that everything will be alright after all. bitcoin needs more time to rest and to fix itself then it will lead the whole cryptocurrency market go up. Everything will be green again. Moreover, I have made quite a lot from altcoin so that this small dump does not affect me veryr much