Bitcoin Forum

For all the newbies and existing noobs, from the little knowledge I have,i have seen three different corrections vth d BTC prices this year,may be around may be vn it touched 3k it dipped nd bounced bk ,same observation vn it hit 5k,10k and 18k,its all aboutthe patience and the trust you have on the blockchain technology nd decentralized platform!

Newbies that aren't used to the volatility kind of freak out when things drop 30%. It's always been the way. If they stay around, they'll do well. If they decide to sell back to fiat they're just screwing up their future. No big deal. I'll still be heavily invested in Bitcoin.

Best advice I’ve heard (on CNBC of all places) is put 1% of your net worth into bitcoin and don’t look at it again for 10 years.  You’ll probably make a fortune and not freak at every “crash”. 

I can’t do it, though.  I love Cryptos and want to follow all the new developments.

Totally agreed ,they say when you are not ready for 30% dip then u shudnt be ready for the 50% UP :) so its all ur mind and the investment,it obviously freaks out vn u invest and vn things go the other way ! So just dont keep watching the charts every minute and give it sometime :) Hope that makes sense !

As a new member to cryptos along with my lack of knowledge in trading, this was exactly what I was doing  ::)
I did make small profit everyday by riding the 1-minute-wave but when it drops I freak out and sell at a loss. This just doesn't work. Trading is not for me.
Funny thing, when it drops, my brain goes crazy and starts to think like this:

"OH NO! the whole market is going down, people are giving up on bitcoin and cryptos. SELL NOW AND SAVE YOURSELF!!!!!!!1"

I lost some money due to being hasty, restless :D  wrong decisions killed my enthusiasm. After a while, I stopped counting how much I lost.
The first loss was hard on me, but the next one was always less difficult ;D after a while I noticed that I have a smirk when I lose 8) at least I don't have a family to support.

The advice does look good on paper but in reality it will never work...
Why? Because simple mathematics

For bitcoin to grow 100x the possibility indeed exists but it will be a very tough road and beyond that ....1000x looks almost impossible.
So, putting 1% of your investment into bitcoin might double your whole capital.
Of course it looks nice, but it won't work because of greed.

Everyone will go...so I will double my money,no.. I want to make it 10x, no wait 100x ,or even better
So they end up putting 10%, all their money, taking loans...and so on

Good advice but probably less than 1% are going to put in 1%.

Correction of the some cryptocurrency - it's a normal thing. People that hold it even when it drops are smarter that the people who selling it at low price.

In the starting stages,that did happen to many newbies,considering CRYPTO to trading but that was wrong but anyways its all part of learning but it shouldnt be an expensive learning :( Learn more about the block chain technology and the beauty in it and then get into it so you will be safe on your FIAT !

And what is the question. Are you waiting for correction bitcoin or just warn all newcomers of the possible consequences? But dear, you're not a psychic to know what's ahead. You are a passive participant of actions with a big imagination, who believes that someone can listen to his predictions. It is a great responsibility to advise someone to do something with their money. Careful. ;)

I understand to you mate don't panic just relax bitcoin dip as the figure amount you pointing out for bitcoin dip in a kowest price of 5k and bounceback again after the correction thats why i always trust to hodl bitcoin as my savings because after dip raised again the amount value more than the old price in the marketcap.

That's true. I invested in some coins that were joke compared to Bitcoin and everything gave me profit.
Just invest locked it up and follow the news. There is what you need to know.

Few ICOs are scam and are to make money but few are genuine but the genuine part is your luck and scam part is quiet often here now ! So goodluck for the hardworking developers for the new ICOs and the scammer ICOs ,please get a LIFE !

Yes, I am newbie on this cryptocurrency world.  When the bitcoin correction made, I panicked and sold it right away before it would dip so down.  But lesson learned when it came back, it bounced with a higher price than I had before I sold it. =) Will still hold next time if there's any correction in it.

So where is a question? or is it just statement about correction ? :) Yes it exists and yes we need to be patient.

Well, I can say that this correction is pretty normal as it is. There is nothing to worry about in this correction. But I am telling you guys, after this correction, BTC will moon.

Well bitcoins..are something...that are unpredictable,  and when the time moves forward... Then there are things that the crypto currency world that faces...and right now.. the things are going down for a while and I do think it's fair enough because it was going up .. too.

And times like this are interchangeable and there will be some days ..when the bitcoins will soon reach their own value..that is somehow.. acceptable.

Also bitcoins future.. and other things are just .. making its roots stronger.. I feel that after the new year , the bitcoins will increase in value and everyone will be able to gain profit.

We just need to wait..for that time to happen.

For me, I also see that this present correction has been completed at $11,000 mark. The coin is getting set for another break at $15,000. Meaning, this is a time to buy and follow the upward ride to profit taking.


I do not think that selling off what one has is screwing one's future rather one is using what they have to solve their problems. Therefore, selling off fractions of bitcoin when you don't have any other financial help is helping your situation by yourself. I do that too when I don't have what else to help myself. Bitcoin has been helpful.

Price bumps and dumps becomes normal property of bitcoin because the price of bitcoin getting very expensive now a days.So day trading is very unpredictable job so it is better to hold some bitcoins in long term to make enough profits which required to live happy life in future. ;D

yeah, my brother is always chatting about cryptocurrencies and has piqued my interest, he will say again and again that you must be patient. I've just signed up to coinbase and am in the process awaiting verification, looking forward to finding out more.

I tried to trade short term before thinking I could ride the waves. But it didn’t turn out well. The more attention I paid to the market, the more implusive decision I made. In the long run, the return on frequent trading is not as good as long term holding because one or two wrong decisions could cost all gains. So I will just leave them there and check periodically from now on.

That's very much true and I can relate that with my past experience. Results in trading sometimes don't go as planned. I've learned to set limits for both gains and losses.

If you invest in BTC (or any cryptocurrency for that matter) because you are convinced by its technological soundness and economic viability a large drop will be tough to watch but shouldn't influence your decision making -- after all you believed your investment to be a good deal when you bought in. Bitcoin itself doesn't change just because its valuation does. If anything it has become a better deal since you last invested in it.

At least that's the mindset you should be working with. If you invested in crypto merely because of its rise in price it will be hard to bear market reversals. If you feel the absolute urge to exit the market you either a) invested for the wrong reasons or b) invested too much. Possibly both. The best course of action is avoiding to get yourself into such a position in the first place, ie. do your homework and don't invest more than you can afford to lose.



B...b...but watching the market go crazy is half the fun!

We all need to make the journey from noob to those with experience. People join financial markets everyday. This crypto is a big guessing game in some parts but it is exciting to participate in

Yes i can understand it really depends on the trust on the blockchain technology and patience in holding those valued assets even during the deeper correction. And this time the correction was price based correction which normally took more than a week to settle downed and now the correction is over and once the strong bullish pattern is formed you can expect a new record high soon.

It is obvious that this business of bitcoin is a fluctuating one and highly volatile. Imagine the price of bitcoin last week ($20,000) and dipping to $11,000, then coming back to 15,000. This is highly volatile.

Correction of the some cryptocurrency - it's a normal thing. People that hold it even when it drops are smarter that the people who selling it at low price.

Perhaps you should learn to post  your thoughts in a proper manner rather than writing a message as if you were doing so on a mobile phone.
Nevertheless, newbies can do that pretty well!
And trust me, some of them are much more experienced than you think, regardless their forum rank.

Correction happens every time and it's normal. Newbies doesn't know these and sell off at low prices, then the veterans will stock up. Hmm

I think that bitcoin can drop a little more to 13 thousand, then it will go uphill, it slowly grows. There is an upward trend

I agree on this point because irrespective the ranks and activity few people are well experienced and share their technical views in a well versed manner ! Applause for all those cryptoers !

Any time I sell any bitcoin I've screwed up my present because it could have been so much more. It's lost potential when I shouldn't have ever spent it at all. You're absolutely screwing yourself if you get rid of a good portion of your stack. You may never be able to buy it back.

More than the profits here its a technology spreading out like wildfire where technically its useful and financially strong !! So the BTC HOLDERS better to HOLD !!

I think that it will be rather hard for BTC to dump lower than 10k $ per 1 BTC. 10k $ per 1 BTC is strong level for BTC at the present

Actually i have trust with bitcoin wit hit the highest high in 2017. But checking in its price recently it makes me doubt again. But its oke i will hold my bitcoin till it rise again.

For most newbies it's at a point where they're more interested in buying high and selling low than trying to hold and make it through the turbulent and volatile moments that make up the entire crypto market. A lot of normies are trying to get into it too and it's hilarious seeing their weak hands at the bubbles they created, every single time. There are so many people I see trying to do crypto right and doing it horribly wrong, oh boy.

But there are a lot of people doing it right too. You just have to look in the right places to get a good idea of the general feel of it all.

Find out more details from your brother. I think it will go to a stage that is usually normal. And understand a bit more about coinbase and verify the ID. Bitcoin's unstable situation still prevails.

If you consider Bitcoin as a short-term investment, it would make you crazy. You will check the price every 10 minutes in the beginning and the high volatility will make you bonkers. I have seen Day traders exiting the scene without any profits, because they panicked at every drop in the price.

The real Long-term hoarders will check the price once a month. ^smile^

The right people take home profits because of their patience. Profit from weak hands are our source to produce profit. These newbies likewise lost a lot because of eagerly knowing bitcoin with out considering its volatility.

The investors in bitcoin should aware of when to sell the bitcoin and when to buy a bitcoin.It's very simple,you have to buy when the price is low and sell when the price is high.The price of bitcoin will surely vary with the time period,so you have hold with the patience to get the profit from it.

If you are a long term investor and if you believe in BTC, this price correction does not matter, on the contrary this is a good move for it to reach new maximum prices

People panicking as if bitcoin didn't increase like 200% from the past month.  ??? ???

Volatility in bitcoin, of course, is high, it goes down in price so much that these figures are not for weak nerves. However, there was still no case for bitcoin to drop by 40 percent: from 20,000 to 11,000-13,000 dollars, as it was the last time. In addition, this time his correction is aggravated by the exacerbated shortcomings of bitcoin - slowness with hung transactions and exorbitant commissions for their conduct. In addition, the drop in bitcoin is slightly affected by the passing Christmas and New Year holidays. All this in the aggregate constitutes an unsightly picture for bitcoin. All the hope for the fastest introduction of the network of lightning in bitcoin, which can eliminate these shortcomings of bitcoin.

I see many of us are in the favour of growth of BTC for all our good lives and good future. Even i would do the same thing, just invest and forget it for some years if we all truly believe in blockchain technology. Now is what i am doing is averaging and geting some profits whenever major correction happens as is the present scenario. This type of correction will happen as and when when some major resistance is found ,hence the major correction.So chill relax and watch it rise and drop.

yes of course ! BTC will fly into new heights again very soon. Currently it is bit dipping down and soon it will start resuming its journey again !  ::)  ::)  ::)  ::)  ::)

It's newbies most of the time that practice buy high sell low principle. All they need to do is make a couple of researches to calm themselves down in case the price drops due to corrections. As you've said, btc always bounces back afterwards.

Should I buy at 13k or wait a little longer guys?

Nobody can predict whether bitcoin will spike now or will comedown to $10,000 mark. I'm researching on the trend and observed there's no down trend to happen below $12,000. You may wait for the bitcoin price to be around $12,000 or buy now.

Can you please explain further by what you mean by trends and such?


Thanks.

I follow every correction starting from 2800 at the end of July 2017 and after that I buy at every correction and then make a profit in dollars with a 10% gain. It helps me stay afloat, but you're right - you need only patience and nothing more)))

So right now, its at 12,884. What do you think?

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Where are yiu guys still,it already bumped to $14k as of now ,there was a dip yesterday upto $12k but today it didnt go down less than $13,500 ! Way to go BTC :)

I am hping to get it back in 20K. I believe it will jump thr very soon. And then dumpers will cry.

Some people believes that bitconi can corret at 8k USD, this is the biggest correction after september.
I guess that HODL is best thing to do, just hold and no worry about it.

But a correction to 8k can bring change to get more BTC if you can sell higher and buy lower.

It is easy to say that the price will start rising,the interest level in bitcoin is understandable and there is a hell lot of investments that came in this year,but how long these sort of investments will come in,there is a real danger with institutional investments as they could dump everything at once which might not be good.Even if there is a correction i would gladly wait and pick up some coins rather than having a panic attack. ;D

Yes. Correction will definitely happen, if a coin will increase. Whether it's a big or small correction, we just need to wait for the correction time to end and the price of the coin will be covered to a higher price.

It's common for beginners who are used to panic sells and will hurt themselves and can not wait for the price to go up again, and your move is great for always investing in bitcoin currencies.

I've tried to be patient but it's not in my nature so I sold. Lost £250 but have made £100 back today on short trading. Suits me!

Yes but bitcoin move from 1,000 to 20,000 in one year only or less than it.

bitcoin have 3 crash and move than 7 bumiping

Patience is the key for all the cRYPTO holders.IF you have no patience to hold your coins,its hard to enjoy the final fruit.
Be patient if you believe in the technology,if not dont invest you wish to loose !

Goodluck all the crypto holders !

Wishing you all a Happy new year and hapy crypto years ahead.