Bitcoin Forum

Stop buying high and selling low you are just draining the market cap...  if you bought something you should have done your homework and believe in the project and If that is the case then stop whining when it drops 30-40% following BTC.   Then you selll in a panic and poof there goes market cap....

Hold your shit and let New $$$$ come into the market.  Stop giving it to the millionaire day traders manipulating the share prices...

End of rant

Say thanks to all the newbies who are following their greedy feelings, this is just how it works. They just want to make more money, why do you think that this is just a whole process who is always being repeated?

Just enjoy mate, relax for a while and you will see that this is something temporary (if that is what you are asking for)

This is temporary, just like all the other dip's.

Excuse me it’s ..*HODL

To follow up on that a bit this is natural and if you hodl it will pay off for you in the long run (just like you mention if you believe in a project than stick with it, basically. This is why Bitcoin will succeed- many truly do and are)

Traders are going to be there no matter what. The value will always go up and down, that’s natural. Let’s not forget this is not a traditional “investment” and it’s meant to be used as a payment system.

I agree with you, need to hold.

It does not always workout either. I had lost a lot trying to do that in few alts and a few alts I HODL actually have gained more.

Market cap is a useless number to ever look at with crypto, it's a zero sum game. Just two players in a zero sum game can bring the market cap to any arbitrary number.

Imagine you create a new crypto, and mine 1 billion coins for yourself.
Your friend also creates a crypto, and mines 1 billion coins for himself.

You tell your friend "I'll give you a thousand dollars for one of your coins, if you give me a thousand dollars for one of my coins" and you both agree. You exchange $1000, meaning $0 between you two.
Last sale price of one of your coins? $1000. Last sale price of his coin? $1000. $1000 x 1 billion = 1 trillion.  Congrats, you are both the world's first trillionaires in terms of market cap. Despite the fact that $0 has really been exchanged.

Instead, you need to look at if you are putting money INTO the system, or taking money OUT of the system. If you take out more money then you put in, you made a profit and are winning the game. If you put more money into it than you take out, you take a loss and are losing the game. Guess what holders do? They lose. The only thing you are holding is the bag.

The fact that HODL is a meme and an army of people are trained to sit there and take it is why professional traders love crypto. In any other financial market, the investors generally know they must be defensive at all times. You don't hold a losing asset. You get rid of it, and when it represents good value again, you rebuy in at a lower rate. You save yourself from loses and maximize gains. HODLers are such noobies that they make crypto markets easy prey for manipulation.

Let them do it, free money ;D

The new people who come to the crypto world more affects the pricing. They quickly become panic and sell. And rest of the people suffers.

They seem to be selling today and do not listen to you  :-\ bitcoin down 11% since yesterday.

    I absolutely have the same sentiment. Bloodyhell. These weak handed People are really messing the market up. Literally! These panic sellers, although they do not mean it, always buy high and cut losses after seeing just a small correction. Clearly, these people really don't know sht about what they have gotten themselves into and just invested out of greed because they saw the hype on december. Oh well, fck these retards. At least I get to buy more of the bitcoins and altcoins that i like.

Many mistakes in trading that always panic selling that resulted in us to lose, and do not continue the panic attitude of selling because it is really dangerous to our finances, we better be patient and we come to buy when prices fall in.

So the dumb noobies who 'sat there and took it' from the time bitcoin was 5$ till now really needs to learn how to 'trade' from a guru like you, huh?

The fuck outta here with that shit..

HODL 4 LIFE!  ;D

Panic selling is one that can damage market prices and panic selling can experience loss and disappointment, do not often panic selling.

Yeah those people generally don't exist. They mined back when it was $5 and sold when it was $10 or 20 for 400% profit. They didn't have the ability to read the future and think "if I just hold til December 2017, this will be worth $19000".

Most of the people who actually make it rich with Bitcoin are scammers and hackers. Or drug dealers who had Bitcoins left in an old wallet they forgot about, then saw the news and said "bitcoin is worth HOW MUCH?!" . Hard drive failures, giant hacks and scams, forgetting passwords/passkeys, etc makes people who got rich from Bitcoin a rarity.

I got out of the trading market @ 12700 because the Tether manipulation/pumps/price fixing going on the last 3 days is too great to ignore now. The scam in the works is larger than Mt Gox as you will see in the coming days. Can you hear the Tether printer warming up again?

edit: uh-oh, I said something negative about the near future prospects of Bitcoin. Must just be spreading FUD cuz I am secretly a banker scared of crypto.

Popular mistakes of newbies today, they invested when the price is high and doesn't look to the long term value of bitcoin instead they are being changed by the sudden price drop.

For you and other day traders but I feel pity for them who sold lower than the price they bought and thinks that it's the end.

It's true. The little fishes are just giving all their coins to the big holders, so these whales can have more money being stored for the long term, while the little fishes are constantly exchanging six to half a dozen. And from time to time, the whales drop some coins on the market, so a dump happens again, they buy everything back and keep doing this... And the reason why they have success is only one: panic selling.

You are right. But the newbies would continue to buy high and sell low in panic.Actually they are destabilizing the price by doing this way.It would be far better for the market if they stay away from buying and just selling in panic.

Actually they don't do any analysis and just buy crypto coins with a dream of getting rich quickly.If there were no early investors who steadily hold the coins,then the market would have already crashed much earlier.

Newbies are trying to make money easily which is not easy, they should equip with the right knowledge and stop selling through their emotion. This is really right that millionaires are trying to make more millions thru newbies who are trying to become a trader without proper education. Hey! start learning so you will not loose money in the future, start investing on yourself.

most of it is done by beginners who often buy when high and when the price drops he experienced panic and think as soon as possible to sell at a cheap price regardless of the losses they get, it is very dangerous financial, we must always learn about the science of trade and train our patience, it input from me.

Mate, you are correct. The big traders always benefit from this kind of season where the value of Bitcoin is going down. They will try to buy all the coins at the lowest price and once the price goes high up again they will sell it again to those who want to invests. We need to hodl our coins so that the market value goes up again. Selling our coins will benefit on decreasing its value. in other words, do not be a PANIC SELLER.

Hodling bitcoin is always better than selling bitcoin more especially in the correction period like this.

Don't know why you get upset every participant in the market is needed so it can function efficiently. Not to mention that trading is a zero sum game meaning not everybody can win, and knowing that the dips and highs will make more sense than currently.

As long as people are stupid enough to put money in bitconnect .
Then they are also stupid enough to sell in a panic against a loss.
I think things like this will just come with the market end in the end is what makes you money also.

Actually, do whatever you want. That is the entire point of crypto. You do you, and unless you're into some pretty illegal shit, then no one should stop you.

Do know, however, that this does make you a weak hand, and that you haven't really lost anything unless sell at a lower price than you bought.

Also, market cap is a relatively useless metric unless used to measure the growth of the entire crypto market, or to compare one cryptocurrency's overall value with another.

Sorry, it's just the nature of the market.  It's simple physics... most people cannot handle losses of 40-50% in a single day of their investment capital... which more often than not, is not truly disposable capital (that is, they can't afford to lose it).         

Telling a gazelle not to run from a lion doesn't create a different result.    You can't tell investors to be more liquid and indifferent.

The problem is that buying during the dip and selling on the ath is not as easy as it seems, a lot of people say that this is the best thing to do, but they do not even know how to do it..
It is difficult, and you are never going to be able to predict a new dip or just a new all time high.

It is true that most beginners because a message sold tokens, however, after the panic tokens prices rise again, they again to buy tokens, it's clearly a very foolish, should stop. ;D

Hi there Jwillimsgator! Are you still fine? This is a reaction of some people that buy at high price and couldn't be able to sell due to the fact that they may lose money rather than gain for it. Welcome to the world of bitcoin price volatility, some are happy with it especially the day traders which you coundn't stop from doing their job because they gain profit by doing it. Just relax and wait for the moment the bitcoin reaches and could even surpasses the all time high of $20k, some say, patience is a virtue so that your money could earn revenue.  ;)

This may seem easy but in reality it is one of the the most difficult things a trader can do, holding while the price is down, those that are completely convinced of bitcoin can do that without any difficulty but not every person has the same conviction especially those that are relatively new, if our first experience in the market is to see a huge drop in the price then it is understandable that a person panics and sells for a loss.

I agree with you bro. But, if we know that it will drop. Then, we must sell it first (I meant stop loss) for some % loses. And we wait it for dip. In dip price we buyback our coins. So, we will get several coins from buyback, and then we just hodl till it goes up. We will get more benefits.  ;)

Its easier said than done. If you are always guarding the price charts and you see everything goes down. You will doubt yourself if you want to hold on. But again, this is crypto we got ourselves into. The trends are normal although a little bothering at times.

I think people have different trading strategy. When they sold at low they might aim at buying back at even lower price. Who know it might work and be beneficial for the cost reduction.

It is due to the investors who have failed to do enough research before investing their money on cryptocurrency. Most of them came here and cry when the price had dipped very big, complaining and blaming crypto's for their current loss.

I think with the present market, we just save every shit of us in USDT to stable it first. When the bloodbath is gone , we gonna come back strong.

so your suggestion to these newbies is to hold the shitcoins they are holding even if they are losing value and are dropping hard just because if they sell "they give their money to millionaires"!!!

that is the dumbest suggestion i have ever heard!
people should never continue sustaining losses just because someone else makes money if they sell. when the price of a shitcoin which was pumped is getting dumped you MUST sell it to prevent losing a much bigger amount.
then... if you really believe in that shitcoin you can always buy back at the bottom when the dumping was done. but never hold it during the dump.

this thing is difficult to do especially to new investor when they buy high and the price starting to dump so they choose to sell or they just start to panic selling and buy again if it start pumping. and to traders they would not hold and wait till the price is low to sell their coins. holding or selling have 50/50 chance that you will gain/lose profit so it is up to them to decide what to do.

It's really difficult to gauge how a person should react to the current market correction:
1. Some would say hodl
2. Some would say get out and come back later and buy it at a cheaper price.

It's really up to the newbies - RISK TOLERANCE - if they can sustain a heavy loss and still hold or sell and buy at a lower price later.

So Patience, Time Horizon (when you'll need to use it) and Risk Tolerance are the 3 factors that I could think of that is important to get a good gain (or loss).

I totally agree with you, I think it's greed, they want a quick gain with no risk.

Well let's follow the condition of market and starting makes money in this condition, trading is free market give the traders choice what will be done with their coins, the rules of trading is free for getting large of money and losing large of money in trading. They have knew about it, so relax dude and let's take the chance of this situation to make money. :D

I do agree completely even the words I wanted say you said it mate it’s about greedy people why they invest while market is really high then dump once going through loss may be after some day they will see the same coin again get pumped . Have patience until u get profit.

That is absolutely right, people tend to sell their bags at a low price and it keeps that market cap lower and lower.

People need to chill when Bitcoin experiences a major dip and avoid panic selling to cut costs. Just like all other dips, Bitcoin will recover, slowly but surely. It is those people that sell Bitcoin during dips because of panicking who do not get the most out of their investment.

that's what i call natural selection at his finest.
Buy high and sell low.. these people have weak hands and doesn't know how this world works, in this way they found the best way to lose money in a short amount of time but no need to rant, people will never learn and never listen to hints and this forum is a goldmine of old and new traders.
The basic rule of anything is to be able to READ!

Thats how it works. They just creat some FUD over the mainstream media, and all the rich whales becomes all the coins very cheap. After the correcture they cann sell it for high prices, and everything starts from the beginning. The weakhands in the crypto community are a real problem for the real investors. You can read on every trading related site that you should not sell with loss, but they do it anyway. But maybe its a good thing, i think when they make a huge loss, they will stop investing and trading in cryptos, so there will be less weak hands around!

I see a lot of people criticizing people who panic sell and panic buy. Don't forget that only after they came in the price of BTC shot up. If everyone is just HODLing, how do you thing the price will go up? 8)

Too much greed in the cryptocurrency market.  Too many people hoping for bitcoin to fail so their irrelevant coin can take the number 1 spot...

Hi! I am new here, and planning to invest small amount in bitcoin. Is this a good time to buy? I plan to scale in slowly, but do not want to catch a falling knife.

This bear market is caused by South-Korea government forcing korean exchanges to have accounts with real name (matching bank account).
So korea investors are cashing out from exchanges before deadline (January 30th), thus causing this crypto crash.
After that only accounts with real name will be able to trade, but the problem is that they will be monitored and taxed eventually.
Moreover korea residents are not allowed to open account on foreign exchange.

So what is your suggestion? Is it a good time to get into the crypto market, or watch for some more time? Thanks!

That's true! We need this kind of positivity in the market now.
When a person scored bitcoin at a higher price but selling it at a lower price, it shows that the person is doing panic selling. They are mostly the beginners or they might have scored the bitcoin at 20k level. Since they have lost 50% of their investment, they are trying to save the remaining amount while bitcoin is slowly stabilizing at 10k level. This needs to stop but we are missing such kind of mass awareness.

I think Bitcoin cannot crash while other coins surviving. All cryptos are in one ship, they all go up or they all go down. I believe they are going up, nothing can stop blockchain.

I think now is the best time if you want to get in, we will never reach this low again as soon as we are back in a bull market.

When BTC goes down vs USD I never understand it. Once in crypto, always in crypto. I'm only too happy to let go of those dollars.

I won't be buying any more Bitcoin till I see what is happening.   I haven't got money to lose because I need it to live on.  It's a shame if I lose out by doing this but I don't want my money to go down a drain.   Why do more people need to buy Bitcoin when lots of people have bought it already and some have already lost money.  I don't really get it. 

Yes i have done my homework but have you done yours is the question ?

Maybe we need a little quiz
1. How many transactions per second can BTC perform
2. What crypto-coin has the highest transaction fees
3. Explain what Segwit is and why so few people use it
4. In the lightning network explain why credits cannot move across ledgers

Yes you can ask a friend on question four so which one will it be
Alice https://www.youtube.com/watch?v=UYHFrf5ci_g
Bob  https://lightning.network/lightning-network-paper.pdf

Buzz, buzz that was the wrong answer
Here is the answer http://forum.cryptolivecap.com/posts/t31-Lightning-Network
Hubs are banks people and your money is stuck in the private ledger and the banks money moves
and you can ask an accountant why you cannot just take money from one ledger and move it to another  

oh that's so nice to hear so your buying a big six bedroom house in second life and getting one of them
crypto-kitties things that running on ETH to keep you company 

How sweet and I only hope the two of you are happy together  :D

You're probably right. We should hold in order for us to profit most. And I can say that we should not trade and trade or we might get burn in trading and lose our fund. So all we've got to do is to hold our investment and that would be a win, win for us. So the main thing in here is just hodl in order for you to win your trades fully.

We can't do anything about it. It has been like this since the beginning of trading. And per BTC's history, this will be normal so rest assured that with these kinds of drop, at some point it will rise again. There will be news of BTC hype again and people will rush in on that bull run.

Well yes Tulip too had bad weeks and kept going up until one day they didn't and I know that's
not digital so maybe you can remember the Dot.CON boom and bust because that was digital

It different this time right

I hope you understand all this "investing" malarkey because I don't so do you mind telling me
how to short the price of second hand 1080 graphic cards because I know how to short prices on new
ones but not the old ones ?

actually causing falling prices is the impact of those who panic selling. I really do not like this kind of thing. this is the thing that destroys the market and I think if we are able to hold the hold long enough it will help the bitcoin price quickly go back up

It's not the newbies or little investors those who are making the market now, newbies who panic sell low after having bought high are just those who are losing their money. This is a Game of Whales. Bears are pushing the price low to get more cheap coins. If you didn't sell high, too late to sell now. Hold and wait.

@OP

The period of anarchists and cyberpunks, rolling for the crypto-anarchism, is gone for a long time now. During the last 12 months (at least) the majority of people who jumped on the cryptos trend was for the sole purpose to speculate on it, this is even more evident when looking at the ICO.

Many people are saying it will fall to $5,000 this year and many others are saying Bitcoin will hit the $60,000 in 2018.
What most people forgot is we still don't know the full effect of the futures contracts.

Look at Bitcoin 1 year ago the value was $1,000 now 12 months later $12,000. Not long ago it was at $20,000. Think about this: if $8,000 is just a correction for Bitcoin, imagine the price it could be soon... The $60,000 is really possible.

Awesome! I hope this becomes true ... let me gather some money to collect 1 btc and hold.

Well said

My number was about $50,000 before it went bang but the miners got too greedy to soon and news has now spread far and wide
and new money is not coming to this pyramid no more because newbie understand that fees can rise and the development team
have gave into greed

in other words they have fucked it for everyone

20,000 full nodes processing a mere seven transactions per second is one of the biggest jokes in history
but to put that in a number that you can understand (I JOKE NOT) it amounts to about 4kbs<< YES A FUCKING K
and a poor quality voice channel (uncompressed) only needs about 33kbs just to put the global warming into perspective





 

those are people who are new to the markets, maybe they are just testing the waters, we cannot blame them for being to nervous about their money being in the market seeing those stats plunging and draining their investments, but to be able to really attract new brave investors, we should explain it more detailed and let you ranting become an advise to all the market investors, they are just following a trend, but in case the price of bitcoin started to go up, they too shall follow and begin to buy again, that is the way it goes in trading. relax.

Folk, you should HODL. I do not understand why people start freaking out when their account goes down even 5%

I sounds very easy but it is not, to time the market perfectly is something that only a minority can do after all how any predicted the price will go even lower and was able to give a precise prediction of when it was going to happen, make no mistake many people have tried and they have lost money or were left out when they sold thinking the price of bitcoin will go down and instead skyrocket as we saw in the last months of 2017.