Bitcoin Forum

It's that time again, where bitcoin(and pretty much almost every other non-stablecoin cryptocurrencies) does a huge nosedive. This is just a reminder that whatever amount you've "lost" with the market  crash, in the end, it's just money. Money can be made back in the future through multiple various ways, whereas you have only one life to live. It's not the end.

Whether you're invested in bitcoin, whatever altcoin, or even the stock markets, if you've been having suicidal thoughts, please think twice and try talking to a professional.

For the suicide hotline for the country you're in, please refer to this list: https://en.wikipedia.org/wiki/List_of_suicide_crisis_lines

Times like today are so reminiscent of the last market crash whereas suicide-related posts and suicide hotlines are popping out on multiple crypto-related subreddits. But yea, this might be cheesy as hell, and while a lot of people here have been here since like forever(hence are probably immune to the effects of these crashes at this point), but if this saves one person it's well worth it.

Happy trading and investing!

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EDIT (July 20th 2021): The entirety of the cryptocurrency markets is going to goblin town again. Just a quick reminder to keep your time preference high. The day I posted this topic(March 13, 2020), bitcoin's price was around $5000. Hodling works, ladies and gentlemen.

This is a pleasing and contenting write up. It is the truth. That we lost in long term trade today does not mean the market is nothing to rise again. We should be hopeful and full of positive thoughts now. Like me, I still believe in bitcoin halving. I still believe that this year bitcoin will still be over $10,000 again. Because investors will invest because of some certain reasons. All in my post in the link below.

https://bitcointalk.org/index.php?topic=5232054.msg54008321#msg54008321

I wrote this above thread some days ago, to let people still know that bitcoin and strong altcoins will still rise this year and next year. Do not let us underestimate the anticipatory bitcoin halving effect of whales manipulations and retail investors capital crypto investments.

People are linking the recent fall to corona virus which I believe can directly and indirectly be the cause of the recent drop. But, as bitcoin droppd 6% in January after the spread in China, bitcoin later increase to above $10,500.
So, I do not think corona virus is the only cause of crypto fall and I belive the recent fall can be a preparation to the next bull run in which whales are manipulating and price drop for other investors to sell bitcoin.

Dismay, uncertainty and fear are great 'killers' and can even lead to more loss for an investor after they must have pressed the panic button, it hasn't been too long bitcoin price was at the range value of 3-4k, but the market saw a welcome improvement to around 9-10k, but it all seems like we are back to the nadir once again, but it's not anything to die for, it's unstable and that's certain, it will also go back up and also inevitably also go low again, it's something like a circle we are used to already.

If you want to pull out, do so, but if you want to recover if you are already in a loss, be patient.

My mental health was disrupted by this drop in the price of bitcoin...

There is unrealized and realized profit, as well as loss. The fact is that the price of BTC has lost quite a lot of its value, but the one who has not sold BTC has actually lost nothing. This particularly applies to long term investors, and we know that price of 1 BTC was only $3000 just a year ago.

Of course, the psychological factor should be taken into account, as inexperienced investors find it hard to bear such sharp declines, not realizing that sooner or later, as always, prices will rise. For people who are in crypto market for years, this is just one in series of bad episodes, and for some just one more opportunity to buy more cheap coins.

I see some green on crypto markets today, and despite the fact that it is difficult to predict anything at this point, Bitcoin may surprise us positively in the coming days.

Sage advice.  I've been around long enough to see more than a few dips in my time.  Back when I was just a speculator and had less appreciation for the real benefits of using Bitcoin, I remember being down by 65% at one point.  It was never really a big problem for me, though.  I had been very sensible and it certainly wasn't any kind of life-altering sum that I had sunk into it.  But I stayed in and subsequently my patience has more than paid off.  Now, of course, that's not to be taken as any kind of guarantee for anyone affected by the current dip, but just an example to show that things can improve.  Don't make any rash decisions, remain calm and weigh up your options carefully.  

Also, if you haven't done so already, consider moving beyond raw speculation and start looking at the other advantages that can be gained through using this technology.  The real value goes far beyond what figure in your national currency you might be able to sell it for.  Don't simply invest wealth.  Invest your time and your understanding.

As an aside, it's the fiat investments I'm getting hammered on.  Definite regrets in buying shares in my workplace.  Still, not losing any sleep over it.  You win some, you lose some.

Whatever your wealth is stored in, these seem to be very turbulent times.  Don't let it get you down.

As someone who owns a printing business near academe and universities, I am one with those who are slowly losing money as days go by. It was such an unfortunate event for everyone, not only businessmen who are losing thousands or millions with the current pandemic, but no one really wanted this to happen in the first place. Even though I am losing money, as an immunologist myself, I still dedicated my time, effort and knowledge with the cause, and am volunteering to help prevent the virus to further spread. Working 16 hours a day without getting paid, I only wanted to see the eradication of this virus--or to at least control its spread and help get the normal lives of people back. Sure, a few months without profit may hurt the bank, then again I still have some bitcoins to spare if the going gets really rough.

To those of you who are losing money due to the current market conditions, this is not the end of the world. Some have lost their loved ones, some are contracting the disease and others still don't have anything to feed themselves but are still out there in the midst of the outbreak. Don't give up, and continue to power through. It's just a bad month, and it's not as if we haven't seen the worse days on the past years anyway.

Well you shouldn’t be so overly invested in anything that a bad turn of events can leave you REKT.
This virus will go away though & all markets will recover, I guarantee that.

Just relax, the price has already recovered a little.

You're correct about the losses, but I think it's not the best mindset to have, it's essentially thinking that you can't lose as long as you hodl and it's not a good mindset for an investor, because losing is always a part of investing, it happens to everyone, even to someone like Warren Buffet. A good investor accepts his losses, analyzes his mistakes and moves on. Sometimes hodling is a good decision and sometimes it isn't - for example in altcoins lots of people hold bags of now worthless coins because they hoped that one day they will recover.

I completely agree. One of the main reasons why a certain could be heavily troubled by a price crash is over-allocation on one asset, for sure. Especially on a heavily volatile asset as bitcoin. But that's not the point of the topic.

I cannot agree that it is wise to compare Bitcoin with altcoins, because most of them don't really have any purpose. Holding Bitcoins so far has been a smart move, but only for those who know what they are doing. There are people who invest for long term (at least 5-10 years), and what does this decline mean to them? There are those who are investing in the hope of making a quick profit, and it is normal for them to find themselves in a very difficult position in such situations.

Do I feel bad about the fact that value of my coins is down for 40%? Of course the answer is yes, but I consider it only a temporary loss. At the moment, however, it is most important for everyone to stay healthy from this virus, especially for those at risk - BTC will recover as always.

Not really that mistake to point with people who are very confident with their investment especially with bitcoin. Bitcoin has been very silent for so many years, until it slowly went to the mainstream conquering negative comments about it made possible by the decentralized network. It is just that the people are really greedy, after seeing the price soaring, they are panicking and seen by the sharks as an opportunity making new sailors confused.

Jesus, I hope it's not as bad as all that for most people.  I totally agree: money is just money, and as much as I respect it and acknowledge its importance, it doesn't rule my life.  Nor does bitcoin; nor am I overinvested in bitcoin.  That last point is important, because I have a feeling that a lot of folks who invest in crypto do so with money they really can't afford to lose--and look at all these exchanges that are offering 100x leverage or similar.  Investors who bought bitcoin or altcoins on margin before about two days ago must have gotten slaughtered.

This situation with bitcoin doesn't depress me in the least.  I am a bit disappointed that I've been caught short of cash to buy it with, but I'm over it. 

By the way, this is one great example of why bitcoin makes for a poor form of money.  If you're a bitcoiner who likes to spend bitcoin on stuff....you just lost a hell of a lot of purchasing power.  Don't flame me for that opinion, please.  I've expressed it before, and I'm sticking to it.

That's stupid decision someone could ever take. It's true that it's a hell lot of depression when you see your portfolio has decreased to half of the total within 1 day but that must never be ended with ruining the beautiful life.
I have seen my alt investment to lose 90% too. I don't care. Everyone should have a life outside this.

This is unfortunately one of the periods where all the false ideas of Bitcoin that have been shaped come out to the surface. One of these ideas is "put everything you have in BTC, you'll get rich". It's overly advertised and promoted and too many people went for that idea.

I, on the other hand, have started in 2013 with very small amounts so I didn't feel much of a loss whenever Bitcoin had a dump. I've learned not to be psychologically affected by sharp market moves and I've also learned how the market waves work. Holding your money in cryptocurrencies may provide a very large profit but also comes with a huge risk and many different emotional feelings. I've seen way too many people get into cryptocurrencies because they "know" a huge pump is incoming, when in fact that is more of a wish than a reality.

We must learn from mistakes and not see money loss as the end of everything. It's surely not. I think every human being will go through at least one very tough time in their existence, life can't always be positive.

Nice post though, OP. Haven't even thought about those who might be psychologically affected by these sharp moves..

I think that cryptocurrency users, after what happened in 2016, 2017 and 2018, already realized that you can’t make an unreasonable decision and risk all available means in the cryptocurrency market.  Cryptocurrency is primarily a big risk, and only then the opportunity to earn big money.  Here you need to use good experience and professionalism to get a good income.  Of course, I constantly come across the same advice when users are advised to invest all their capital because a very good time is coming for a profitable deal that will make the investor rich.  The always negative consequences of our actions affect our psychological state, especially when we are deceived by bad advice.

Only the strong in heart and they that have been around enough can relate with what is happening and laugh over it by turning it into a comic meme rather than get some psychological trauma about what is certain to happen. I agree it's just money and only the living make money and spend it, at the end the dark days will be past.

Unfortunately most people only realise what they're made of during the test they're put through rather than considering potential outcomes beforehand and that's fair enough, there's no way of knowing.

It's helpful to  look to others who have lived the same experience previously. I was underwater for over three years during a period when it looked like death was a genuine possibility. After that lord knows what in paper profits has vapourised.

It is what it is and I'm way past getting rattled now. I choose to continue to have faith in the concept even when it's clear many people who own it don't. I'll still be here when they're gone or evolved.

I don't think they've learned much.

I'm talking mostly about newbies and those who've put their money in BTC and never cared about it again until the dump. People are placing money in crypto hoping to get a fortune out of it in no time.

If I ask any of my friends (those who have never owned/cared about or BTC or cryptos in their lives) what their opinion on BTC is, it's either "I know you can make a lot of money out of it" or "it's used by criminals". That explains it all for me. These are the same guys OP is now referring to. The weaker hands or the believers in ideal price changes.

We've seen some proper OGs go a bit batty with this dump. I guess it shat on a lot of expectations that were building up over a lengthy period of time. Every single day is writing fresh history. People drawing on what has already occurred might be in for a rude shock.

I'm looking to the end of 2021 before deciding what to do and where it might head. What's going on at present is (very loud) noise.

So you jump to a conclusion saying its a "stupid" decision? You don't even know that person or what he is going through. The amount of money that person has lost might be nothing to you but it might be a lot for him. You don't care probably because it won't be affecting you as much as it would have affected the person who killed himself. The person who committed suicide probably had no other options. Probably he was in such a situation where he thought giving up his own life would be better than suffering.
I am not supporting suicide, but just don't call a persons decision to take life "stupid" without knowing what the person was going through.

but what the OP presented is really true. there are people who are into crypto right now that are losing a huge chunk of money and if they loaned their investments, that's the real problem. have you read threads here someone cursing bitcoin or stating that they will never again invest on crypto? I guess those type of people are the ones who has the tendency to harm themselves. mental health is indeed something to be look at here. this is the reality having crypto in your life. just the emotions that you will experienced here is tremendous, so one should know how to handle himself in this market.

Health and mental health also need to be taken care of, don't just focus on money and profits, it will make your time wasted. Just enjoy this life as best you can, try your best, and appreciate everything you get, be grateful and don't be greedy. I strongly agree with the OP, if you lose money then you can look for more, if the stress is excessive and can cause bad thoughts such as suicide and other bad things, you should immediately find friends or family to tell stories, relieve suffering. Don't think the world will end if you lose and lose, make it a lesson and learn more effective strategies. Always understand the risks.

I'm disappointed that despite a growing number of exchanges the total liquidity of the market did not increase.

We were used to flash crashes in 2013 and 14 when the market was mainly Gox, then Bitstamp, Btce and a few other exchanges. One could think with more BTC on the market, more investors, exchanges like Bitfinex and Coinbase, this should not happen, but no, exchanges are still the weak point of cryptocurrencies. They introduced leveraged trading and now every small move can be multiplied and followed by an avalanche of overleveraged trades.

Not much has changed over the years.

For that to happen we need to get beyond the boom/bust phase to something that at least hums reasonably along all the time. I guess that requires actual usage to underpin that rather than pure betting. And things have been quiet for a long, long time. That doesn't help the robustness when it suddenly explodes into life, or rather death in this case.

Couldn't agree more. I'm taking a break from cryptocurrency-related moves for a long time too; I believe this is a time to observe - not to take action. But the long term plan of mine is still there. Still alive. I can honestly say that even a dump to $100 would not get me surprised at all - I'd rather be happier that getting 1 BTC would be way more accessible.

Undoubtedly, a lot of negative things have been happening lately and the price dump of Bitcoin just made it worst for some people.
It's just a reminder that life is not a bed of roses and shit suddenly happens. But at the same time, its a phase and won't last long.

Most especially, we hope that many of us used the  popular advise on this forum of "never 100% depend on Bitcoin as daily income" and "never borrow to invest on Bitcoin". They are not just mere words.

Nevertheless, hold your coin, don't rush sell, the phase will be over soon.

Some cases around me are about people taking a loan or selling their life-savings to jump on the Bitcoin bandwagon, and when a nosedive happens, the sad story continues. So, don't sell your life-savings is also a good word to remember.

Thankfully, there is no suicide-related news so far. Let's hope people already learn and instead of living in anxiety, embrace this as an opportunity to get more bitcoin with less fiat money,

The pandemic we are in at the present is affecting lots of different aspects in our life. This includes the crypto world. Actually, there might be other causes for this temporary downfall but of course, the non-stable currencies are much affected by the current COVID-19. We can say that it hasn't been affecting us because we can do it online or at home, but in reality, the fear and panic it's been causing even to investors and traders conrtibuted much.

There are certain mentalities that are occurring because of the decline, but Bitcoin users must always be reminded that there are uncertain things in this world - and money is not an exception. Though we had invested much of our time and effort in Bitcoin or other cryptocurrencies, at times like these we musn't think negatively, rather be critical thinkers on how "you" and "we" can survive this crisis. It's not the end of the world, and surely, other Bitcoin and crypto events can occur that would cause the rise and demand of Bitcoin. Many have been in this industry for so long, and this is just another problem that we would soon overcome.

It's normal for a crypto noob like you to get a bit upset about the recent dump in the price of bitcoin but I want to encourage you that this is not the end of crypto and would never be. We have seen worst years before and this would never be the end too. Instead of worrying so much at the price right now, I would advise that this is the best of times to invest and make enough profits when the price increases.

Thanks for the reminder this is very necessary at this very difficult times, lots of people will be disappointed and devastated with this sudden crash, but in the midst of all this, we shouldn't lose our mind over it, it is money and can be recovered same way it was lost, all that is required is maintain a level head and exercise patient,
As soon as market recovers everything will go back to normal, if you don't panic sell, it will be fine.

Do not worry about the price of bitcoin mate because it is really normal thing about different cryptocurrency, it changes its price each and everyday, especially with what we are facing right now. COVID-19 really affects the price of bitcoin, that is why the price of bitcoin reaches for about 3,900 Dollars. If you are worry about your investments with the price of bitcoin, then you shouldn't be like that because you cannot lose money in investment, you may still hold your money if the price of the bitcoin is low then withdraw it if the price of the bitcoin turns back again.

Do not make the bitcoin affects your mental health, you will be like a typical beginner if you do so. Keep calm, don't worry and think for the things you may do to prevent losing your money.

I got a little bit nervous after I saw the recent price crash.My anxiety is still high,but there's no room for depression and suicidal thoughts.Committing suicide,just because the Bitcoin price has gone down seems like a really stupid idea to me.I mean,you know that the Bitcoin price will recover next year,right?It's not the end of the world and coronavirus is not a zombi apocalypse.Calm down and practice meditation.
Now it's time to see who the real Bitcoin HODLers and supporters are.

No, I never thought about due to market crash. I had lost approx 90% of my portfolio in back 2017 bull run when invested on some alt coins. I just wait for patience and recovered all of them by trading. But later on in bear market my total portfolio dump again and still not yet recovered. Fortunately suicidal thoughts still never came on my mind not it will come. Value of life more than money, if I alive I have confidence that I will recover my fund once again. So whoever's do not have enough patience they shouldn't enter on crypto market, otherwise they would broken.

True it is just money our life is much more important specially for those who are around us.
Those money could be gained again but the time that you could spend with your family and friends would never be replaced.
Suicide isn't an option we need to work hard in order to replace what has been lost.

This basically means that the thoughts of suicide or in general mental issues about a certain matter really depends on the person not on what they are doing. This also basically implies the fundamentals and characteristics of a good trader. I, sometimes feel bad for the mistake I've committed but the thing is I can move on easily, to be a trader is to be a critical thinker, you don't need to put yourself in locked after the door closes.

Even at the saddest moment of my life, I have never thought about that.
It is the greatest sin of all.
You have been given a life. Better take care of it.
Up until now giving birth is still a miracle for me. I cannot just explain how you can make life out of liquids from your body.  ;D

But yeah!, there are those who cannot swallow all the loss. They would be better to look for help.
Me? I take this as an opportunity. Well it does every time the bitcoin price goes down.

My Ethereum investments are also back to how much I bought it.  :'(

I think that what makes this situation more difficult is the environment of the crash. Back in 2018, the crypto market was hit very hard, but people weren't limited in their rights, did not hear all the time about the pandemic, the stock market was doing okay and the world economy was functioning properly. This time almost everyone is getting negatively affected, Bitcoin is just a small part of it. Honestly, with everything that's going on I actually still think that holding money in BTC is a better idea than selling it for, say, fiat, because who knows whether the fiat we tend to consider stable is not going to explode (I'm talking about the risk of hyperinflation).

It is certainly a tough nut to swallow, watching your investment melting down is never an easy thing to see but if you are already familiar with crypto ups and downs,  this shouldn't affect us so much to the point of doing something irrational,
I can only imagine this will affect newbies to crypto alot, they need to understand it is temporary and not permanent, we should be strong throughout this period.

Don't you ever think that it is the end of the world just because the bitcoin's price strikes a downward movement. Never do something that you will regret for because there's always hope for a better future. For sure that downfall is just temporary and all of the holders are hoping for that to happen. I know that it is normal to become stress about that but you should control your emotion and become strong. There's no reason for you to stop and think of the things that will affect your life. You need to be patient and stable just by thinking of your next move and next strategies for more transactions. After you suffer emotionally, just learn to move on.

This is NOT, NOT, NOT a typical crypto up and down...

Bitcoin only has a history in a BUBBLE economy, where everything has been going up ( never in up in a straight line, but generally up ).   Bitcoin has never been tested in an economic CRASH before.   Now that this test has come, the lie of Bitcoin being a safe haven, or Digital Gold has been exposed.   The CRASH is going to get a lot worse, and BitCoin has a lot further down to go.  

TOTALLY OBVIOUS FACT:   More people are selling than buying.   Any rational person would be VERY WORRIED right now.   I have invested into Bubbles before, and lost a bunch of hard earned money  :-X :-X :-X    But I was rational and honest about my stupidity, educated myself, and never made that mistake again.

Hard Facts

Hmmm, let's see in few weeks and months to come how btc will react to the Situation, btc has experienced several crash in price before separately from the entire economy but always recovers even stronger, and now that both btc and the economy are also witnessing the same crash, btc will also come out even stronger,
More people will still buy back because nothing else out there gives good profit than btc, you and I know that.
And that's a HardFact.

𝗬𝗼𝘂 𝗿𝗲𝗮𝗹𝗹𝘆 𝗱𝗼 𝗵𝗮𝘃𝗲 𝗮 𝗽𝗼𝗶𝗻𝘁. 𝗧𝗵𝗼 𝗜'𝗺 𝗻𝗼𝘁 𝘁𝗵𝗮𝘁 𝗸𝗶𝗻𝗱 𝗼𝗳 𝗽𝗲𝗿𝘀𝗼𝗻 𝘄𝗵𝗼 𝗯𝗲𝗰𝗼𝗺𝗲𝘀 𝘀𝘂𝗰𝗶𝗱𝗮𝗹 𝗻𝗼𝗿 𝗮 𝗵𝘂𝗴𝗲 𝘁𝗿𝗮𝗱𝗲𝗿, 𝗮 𝗹𝗼𝘁 𝗼𝗳 𝗽𝗲𝗼𝗽𝗹𝗲 𝗻𝗲𝗲𝗱 𝘁𝗵𝗶𝘀 𝗽𝗼𝘀𝘁. 𝗜 𝗿𝗲𝗺𝗲𝗺𝗯𝗲𝗿 𝘀𝗲𝗲𝗶𝗻𝗴 𝘁𝗵𝗶𝘀 𝗺𝗲𝗺𝗲 (https://imgur.com/a/V9iCOrp) 𝗼𝗻 𝗳𝗮𝗰𝗲𝗯𝗼𝗼𝗸. 𝗗𝗼𝗻'𝘁 𝘄𝗼𝗿𝗿𝘆 𝗳𝗿𝗶𝗲𝗻𝗱𝘀, 𝗯𝗶𝘁𝗰𝗼𝗶𝗻 𝘄𝗼𝗻'𝘁 𝗱𝗶𝗲. 𝗦𝗼𝗼𝗻𝗲𝗿 𝗼𝗿 𝗹𝗮𝘁𝗲𝗿, 𝗶𝘁𝘀 𝗽𝗿𝗶𝗰𝗲 𝘄𝗶𝗹𝗹 𝗴𝗼 𝗯𝗮𝗰𝗸 𝘁𝗼 𝗻𝗼𝗿𝗺𝗮𝗹 𝗮𝗻𝗱 𝗺𝗮𝘆𝗯𝗲 𝗮𝗯𝗼𝘃𝗲. 𝗜𝗳 𝗶 𝗵𝗮𝗱 𝘁𝗵𝗲 𝗺𝗼𝗻𝗲𝘆, 𝗶 𝘄𝗼𝘂𝗹𝗱 𝗲𝘃𝗲𝗻 𝗰𝗼𝗻𝘀𝗶𝗱𝗲𝗿 𝗻𝗼𝘄 𝘁𝗼 𝗯𝗲 𝘁𝗵𝗲 𝗯𝗲𝘀𝘁 𝘁𝗶𝗺𝗲 𝘁𝗼 𝗯𝘂𝘆 (𝗗𝗢𝗡𝗧 𝗧𝗔𝗞𝗘 𝗧𝗛𝗜𝗦 𝗔𝗦 𝗔 𝗙𝗜𝗡𝗔𝗡𝗖𝗜𝗔𝗟 𝗔𝗗𝗩𝗜𝗖𝗘). 𝗘𝘃𝗲𝗿𝘆𝗼𝗻𝗲 𝘀𝗵𝗼𝘂𝗹𝗱 𝗷𝘂𝘀𝘁 𝗯𝗲 𝗰𝗮𝗹𝗺, 𝘁𝗵𝗶𝘀 𝗽𝗹𝗮𝗻𝗲 𝘄𝗶𝗹𝗹 𝗻𝗼𝘁 𝗰𝗿𝗮𝘀𝗵.

As we enter investing on bitcoin, it is a must that we should set ourselves ready for any possible outcome. Whether it will be good or bad, let us always put in mind that what we entered is a risky business and you cannot always win. There will always be time where you'll lose large amounty of money which you can gain back as you hold your coin patiently. There's always hope amidst all the bad things occuring in the market at the moment. Don't let all these negative occurence conclude your future cause anything is possible and there will always be changes happening as time passes by. Take care of your investment but pay attention to your mental health also.

Sins matter only to those who believe in gods.

I don't feel bad about the crash. It's not some good news, I get it, but I got mu BTC for a few hundred dollars. If it ever goes down below 700 I'll feel like I've lost some money, but I still won't sell. Long time ago I thought about my involvement in BTC and got to a conclusion that I will never give it away for less than 10k USD. Even 10k seems cheap but if I ever really need money, I'll sell some. I sold about 0.2 BTC this year to have some fun with my profits but I still have 90% of all my money in Bitcoin and I intend to keep it this way.

You do not lose anything unless you panic sell. If it is your own money, all you have to do is wait for the crisis to be over, i'm sure things will eventually return to normal (for bitcoin anyway).

Margin trading in another matter entirely, but people not using margin have nothing to worry. A good margin trader knows to set up stop loss and such things.

From 7.5k to 10k and back to 5k. Nothing to worry, it'll go back up eventually. Worry more about surviving the pandemy.

Of course, I agree with you, because you are really right.  Few people pay attention to their mistakes and show a desire to continue to risk their last money in the hope of getting a quick and big cash.  I also have friends who are ready to take loans from banks in order to invest in the cryptocurrency, because they read too bright forecasts about the cryptocurrency market in the near future.  This is also happening today, in anticipation of the next halving.  But regarding the use of cryptocurrency by criminals in their activities, this fact really lays a heavy burden on the cryptocurrency market and its users, which makes it difficult to popularize cryptocurrency in society.  Most people “want” to hear bad things and pay little attention to information about the real value of cryptocurrency for society.

It can really create a stress in the minds of people especially investors, seeing how huge the dip is recently. But to somewhat lessen your worries, keep in mind that you still have the same amount of Bitcoin, and it is just the market price which is falling. What's the point? It simply tells us that the opportunity to regain the loss, and if ever, earn profit someday is still existing. We, as investors and holders, just have to be patient in order to be able to wait for that time again that the market value will reach its all time high. We should also look at this situation as a good time to invest , if you are really into cryptos. Just remember the previous drawbacks in its market price. The price will surely rise once again and the only problem we should see, is the time we will spend, waiting for that day to come.

The disadvantage of this situation will be felt by those people who made cryptoinvestment their primary souce of income, which should not be done by anyone. Bitcoin's market value is way unpredictable due to its nature of volatility, and that is enough to say that the profit from investing will not be consistent, contrasting the requirement for a primary source of income. It should just be looked at as a secondary source of income even if profit is huge whenever its price is increasing.

That is the importance of preparation in facing the worst situation. When we only think of profits, investing or trading without a strategy, it will bring huge losses. When we ignore the principle of never investing money that you can't afford to lose, be prepared to deal with stress attacks when expectations don't match reality, lose everything. Do not let it happen, prepare mentally, it's better.

It is true that what happened with the drastic decline in the price of bitcoin made some people stressed and experienced mental health.
This has become an important issue, which must be immediately sought a solution. Because it is dangerous if this condition is left, in my
opinion better before investing, especially newbie must be educated in advance about the risks of investing in cryptocurrency. So when
market conditions are bad like this, investors are better prepared mentally to get through this bad condition.

This is a pressing matter, if you are depressed or feeling bad about the plummet of the current market, need not worry for things will hopefully turn to good things. Being depressed because your current portfolio is downed then just have a little hope. You can't afford to lose yourself amidst the crisis, financial stability is important but mental stability is the first priority. Take care of yourself, unwind, read a book, watch a movie, bond with your family or pet.

YOU LOSE YOU MONEY IF YOU DO NOT SELL !!!!

What a " feel good " but false emotional statement Artemis3 makes.   A good, rational investor knows when to take money OFF the table, lacking this skill can result in getting totally wiped out.   NORMAL does not exist anymore, the world you knew is OVER.   Welcome to the great depression, the last one lasted well over 10 years.   I am sure many people will need their money, rather than just lose it all.

I am also sure there are many that were laughing at me last week, that are a little worried now.   I see it in the responses, less ridicule and a little more thought by a lot of people here.

Hard Facts

You are an opportunist blowhard capitalising on unusual circumstances to push your anti-Bitcoin agenda.  People should absolutely still be ridiculing you.

I have zero fear this will rebound.
I can see you have zero fear of a rebound.
You call the rebound will take ten years.
You could be correct.

I can handle a long down time as I take profits to help insure against this type of crash.

As for those that never took a profit and just mined and hodl they will be hurting.

So the crash you called for has happened.
You did miss one one thing all stores of wealth crashed.

Right now.
water filters
air filters
bottled water
canned food
hand sanitizing liquids
 
are more valuable then they were two weeks ago.

So your advice was only partially correct.

Gold dropped
silver dropped
stocks dropped
oil dropped

So rather then being gleeful about your clever predictions you should be apologizing for the ones you missed.

NO I DO NOT CALL FOR A BITCOIN REBOUND...  BitCion will go to near zero and stay there, BitCoin's only value is what some greater fool is willing to pay for it, it is nothing but air, zero intrinsic value.

I AM TOTALLY RIGHT:  You can not buy REAL COINS, but you can easily sell your bitcoin for 1/2 price  ;D ;D ;D   Just go and try to buy REAL COINS, and see how much you have to pay.  No one cares about the paper price, the real thing will now cost you MUCH more if you can find it.

Hard Facts

It's funny how you actually named your account "HardFacts" in an attempt to be sort of "woke".

You're going to be the future version of this guy:

https://i.imgur.com/15JKy8x.jpg

I don't get why you're wasting your time on this forum if the only thing you're doing is spreading FUD? I'm going to be that "fool" willing to pay even a million dollar for a BTC once it reaches that price. These "fools" will pop up every time Bitcoin gets more scarce and its holders will not be willing to sell it for cheap prices.

Take a screenshot of this page and PM me 5-10 years later. Let's see who wins the argument. :)

Any investor who wants to be in an echo chamber of positive, self reinforcing news is not an investor, he is a FOOL.    That is how CULTS brainwash people in the face of overwhelming evidence of their group dilusion.  This would not be a forum anymore, it would just be a BitCoin advertisement, nothing more.

Agree with me or not, any rational person would look at all risks and possibilities and make his best educated investment decision.

Hard Facts

I'm more of a BTC believer than an investor. The only chamber I'm sitting in is the chamber of belief in a future of cryptocurrencies. I cannot say Bitcoin is going to 0 if I simply do not believe it ever will. That is equal to forcing me to believe something I don't think is going to happen. :)

You're free to believe whatever you like, but is spreading around your idea that BTC is going to shit the best thing you can do in life? I've been here for years. Few more years and it's gonna be a decade since I started believing in cryptocurrencies. I have supported them ever since and will support & buy them even if BTC gets to a million dollars. That's my point. The freedom of choice & speech does not mean enforcing in someone's brain the idea that something is going to be worth nothing in a matter of time. That's why I always mention "I think" and "I believe" before sharing my thoughts. Bitcoin is a risk. Precious metals, stocks, fiat, real estate, anything is a risk and any investor/believer will assume it. Welcome to risk assessment.

Moreover, getting back to the topic, how are your "BITCOIN IS SHIT BITCOIN IS GOING TO ZERO FUCK IT YOURE GOING TO LOSE ALL YOUR MONEY IM ALWAYS RIGHT" posts helping those out here who are in a very bad financial AND mental health position due to the downfall of cryptocurrencies?

---

Someone who bought $40k worth of silver coins in March 2011 can now sell them for only $12k. And that's real material and is also a damn $28k loss. Almost 1/4 of what they paid. What's your point?

The most important that anyone that’s starting to invest in Bitcoin has to know is that Bitcoin is volatile and there is a high risk, you can even lose more than 50% of your money if you’re not careful. So, you’ve got to be careful.And also if you’re teaching people about cryptocurrency, you should as well let them know that there are risks involved; some people are fond of making others believe that Bitcoin is a means to make quick money and the solution to their problems.

People really needs to stop all these and teach them the right way, so that they will understand. If you keep making they feel that Bitcoin will double their money and make them rich, they will invest all their money to double it and then end up losing it.

WRONG, WRONG, WRONG....

The Bubble Economy is crashing hard, and there will be a depression that will last more than 10 years, there is no " slowly improve " for many years to come....   BitCoin failed it first and only test in a crisis.   Welcome to your new REALITY.

Hard Facts

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You are about as bright as any Cult Member, and you will very richly deserve the results you get.   Rational people here are starting to see that they are not going to get rich, but going to be bankrupt by investing in BitCion.

As for your " QUOTE "  ,  I NEVER, NEVER, NEVER posted anything like that, do you have to outright LIE ???   I would expect nothing less from a willingly blind cult member, the worst, dumbest kind of people that will do horrible things in the name of their beliefs.

The good news is, I am seeing a lot less " believers " out there, and more of people that like BitCoin, but are very rationally questioning weather they should be investing in it or not...

Hard Facts

Either they put all the money into Bitcoin for hope to get something in return or they were regretting something back then because they think "it would have been much more better if I could just sell it on X date". It's completely normal and it could affect the mental health of certain people. I do feel that sometimes and that's a sign for you to stop.

The important message that we should keep in mind is, even how much money we lose in crypto investing we can still earn it by working hard.

So dont take this bearish trend like it cant recover anymore because there's more room for development that can affect the market positively.

For now stay optimistic and wait for the coins to bounce back again, it will happen once this covid-19 issue is over.

Become our mental examination when checking bitcoin price down under 30% and to know how our mentality health, does ready faced situation when bitcoin down or go away with cryptocurrency investment. After last day bitcoin down until this time keep stable with lower price and does not effect will bitcoin growing up or stay down.

THE UNIVERSE does not care what you want or hope for...

REALITY:  BitCoin utterly failed in its promise as an alternative to currency for normal purchases.  BitcCoin has now also failed as the safe haven or " Digital Gold " that it was re-branded to be after the first failure.   BitCoin failed it first financial crisis, and the financial crisis is just now getting started, there is a long, long way down to go...

Hard Facts

With the current market, many people are sad, disappointed, and frustrated with it. It is understandle but yes indeed, please don't ever try to finish yourself because of this crash. This is just temporary and the market will recover, it may take long time but still it will and everyone still have the chance to recover their lost money. Just keep believing.

I really would like to thank the OP, many of us only care about #1 but OP showed a bit of compassion that many people lack in current times. I didn't have too much money on BTC on general statistics, but it was almost 60% of my savings, so for me personally it was quite a blow this nosedive. I however don't fall on that "I could've been so much better if I sold on X" because I know that there's little I could've done to predict what happened, so I'm in peace with that.

Another thing is that too many people don't know how and when to stop, and just because we know it's the best doesn't mean that they do, so again I appreciate the OP for reaching out to them.

Mental health should be observed yet it is irresistible to not to worry because, even though money can be back in the future, many people will have a concern what will they use to buy products and services. The corona virus will also give an extra effect to the decrease of the value in the market of bitcoin. Since we can't do any physical transaction as of now, it is now a chance to help our own mental health.

I wonder what effect this surge upwards will have on those who ran screaming at the bottom. I've noticed that the people on here who lost the plot most spectacularly tend to do it because of opportunities squandered that they never took rather than decisive actions they did take.

As long as the COVID-19 is still affecting the whole world, expect that the price of the bitcoin will not rise easily again. There are a lot of panic in the market that makes the bitcoin hard to trade because of the volatility and also the selling pressure. Cash is also a position so we should not trade recklessly.

I guess that is not necessary to following panic like other people because the market will be back, and everything will be okay. We need to stay calm at this moment so we don't make a rush action which will make us cannot see the chance that will come to us. Although we are in a hard situation, by staying calm, we can handle with care, and we can always get the way to solve every problem that we have. COVID-19 still there, but that doesn't mean we don't need to do something. Bitcoin price will increase this year or the next year, all we can do is keep trying to earn more and more bitcoin, and we will make that profit again.

The price of bitcoin directly depends on the mental health of investors. And in such cases of panic , the price of course falls.

I'm still striving to understand this... Lol... How does the price of BTCitcoin depend on the mental health of the investors? 🤔

LOL.. this might have happened a few years ago. But I guess the investors are more mature now. Back in 2017/18, many of the investors were new to cryptocurrency and they lost up to 95% of their capital in investing in altcoins such as Cardano and Litecoin. Compared to the crash that we had in 2018 (when the prices declined from $20K to $4K), the current bearish phase is much more tolerable.

There are a lot of people having investment way back on that year and some of the people see the potential of the bitcoin to make more earnings and some of them failed their expectations to make more earning and one of the goals of every people is to make more profit, from the previous years of the bitcoin from the year of 2010 it does not show a huge market profit instead there are still many people to use on it to make more income because it just starts from the lower market price until now they are doing it and some of them are lose their faith and money to the bitcoin that may cause of too much affect on their mental health there has a lot of thoughts and doubts about the things they made still it is better if we control all the things we are doing because even the market is too low and high we cannot assure that the market are still stable on that, every time we do there is a risk so make you sure you are ready enough to do those things.

I'm working under the assumption they meant "mindset" rather than "mental health".  Otherwise, yeah, it makes no sense.  Chalk it up to a language barrier, perhaps?

"Mental health" would infer the people panic selling aren't in a good state of mental health, while the people HODLing are mentally fit.  That would be a rather strong statement, even for a perma-bull, heh.

The Economic Crisis will last for over a DECADE, yes many years !!!    It is just getting started.   The Great Depression lasted 13 years...  You may be waiting until you are dead.

" BELIEVING " Is not investing, it is stupid.   Invest wisely based on facts, anyone " believing " deserves to lose everything.   Cult members " believe " and are the dumbest, most Delusional people on the planet.

Hard Facts

---

The price of REAL COINS is going UP in panic and economic crisis, and it is just getting started....

The fact that BitCoin reacted so badly to its first ever economic crisis should worry everyone, and yes even affect your mental health if you need the money.   BitCoin grew up in an economic BUBBLE, where virtually every asset went up.   That world is now GONE, the Economic crisis and depression will last for many years, adjust your investment strategy accordingly.

Hard Facts

To consider bitcoin from the start not as speculative asset, but as the base in future monetary system might help you to overcome some obstacles.

Every fall becomes an opportunity to buy more and you're always glad to receive desired asset. Every rise becomes a sign of new wave of adoption thus hopes about new monetary system become less naive and you're glad once again. Mental health is fine and will be so.

The thing is , I choose to sell my Bitcoins because of quarantine everything was very costly and you had to stock up for the whole month.
Now the good thing is,
I am happy that I didn't ask anyone for money .
--------------------------------------
The thing is , you will always make more money in the future , but there are some things that you cannot sacrifice. Things like , life , family , health , values.

So don't think much and enjoy , it can always be earned back.

This is an interesting approach, but what about the high volatility of bitcoin? Every time we see such a swing in the price range, then blood pressure and heart rate increase self-sufficient. I think that if there is a strong mental concern, it is better not to mess with Bitcoin.

Well, he said about the panicking so I guess when the investors are mentally ill, they will panic and sell at a loss. Some investors are not feeling good every time bitcoin is dump, so maybe most of them sell their bitcoin and that affects the price. OP is right, we only one lives to use for so better not to worry that much with bitcoin because it will bounce back again in time and you will not regret for holding bitcoin.

This is true many people have invested their mortgage and savings with a high price. Even for me with the unexpected flash crash i've really lost quite a lot, im also put my savings in buying BTC and ETH. But compared to others that are heavily invested to it they must be in extreme depression right now. I hope they realized that the market will eventually recover just stay positive.

BITCOIN AS MONEY HAS ALREADY FAILED   How utterly delusional can you be ?   BitCion was first supposed to be a replacement for money, to use in ordinary transactions.   When that did not work, BitCoin was recently pumped at " Digital Gold " a safe haven asset, that has also FAILED...

So you want to consider BitCoin as something it has totally and utterly FAILED at ?

You will be one of the dumb investors that will richly deserve to lose your money.   And there is nothing worse for " Mental Health " than a Cult like believer, that has been punched in the face and forced to accept reality  :D :D :D

Hard Facts

BAD ASSUMPTION:   Since the crisis began, more people are SELLING BitCoin than buying, that should make you think...  Even FOOLS know the saying there is no free lunch, and you assuming your investment will go back up is dumb.  I have no idea where bitcoin will go from here, but what I do know it that is CAN go down and be worth virtually nothing in the future.  BitCoin could also go up, but given the price performance I have seen, I would not invest in BitCoin at any price.

You are correct about one thing, there are a lot of BitCoin investors that bought in at 10,000 + in EXTREME DEPRESSION right now.   And their Mental Health is possibly about to get a lot worse  :o :o :o

Hard Facts

THERE IS ANOTHER, WORSE POSSIBILITY than selling at a loss...   That is keeping your BitCoin and losing virtually ALL your investment     :'( :'( :'(

Any rational, smart investor knows when it is time to cut losses and sell.

I have no idea if BitCoin price will go up or down from here, but I do know that to hold no matter what the facts say is just stupid and good way to lose all your money.

Hard Facts

I think you are confused here, mate. We have something we call the supply and demand. As the supply is small, the demand increases and that is somewhat the basis of the price of bitcoin. Panic is not new in this market but it is one of the reasons why the price also falls especially when there are those people that spread FUDs.

This phrase is charged with human quality as a member of bitcointalk that gives its most positive message in times of crisis. And You are right, we are currently living in a difficult time for humanity. Statistics show that people become mentally ill when they have problems with job loss, loss of money, and some even commit suicide. We have the opportunity to recover material things, we must fight now to recover the most important public health.

What an UTTERLY STUPID statement.  Taking Valid Concerns about BitCoin and changing the name to FUD's is a very dishonest way to get people to ignore very real risks.  I have news for you, the reasons for the price going down are not FUD's...   The price crash in a crisis is due to facts and reality.  WISE UP.

Would you trust any wall street investment if when you raised a concern, they accused you of being a FUD and a reason for you loss of money ?   

Seriously, there are some very low quality, dumb, cult like " believers " here.

Hard Facts

And again, high volatility of bitcoin creates many opportunities to buy more of asset at the price you need. The only thing you have to do here to avoid mental problems is to change your philosophy, think what you are really waiting from bitcoin. Depending on your philosophy, you will see either a high volatility asset with very high risk to trade or you will see an asset that was born to change our future, our understanding of what real money should really be. By changing your mind, you can better understand how you should react on price spikes. If not, then everything might become frightening for you, ruining you mental health.

Many people are in bad mental state when they have something to lose that they can't afford. That's why they are very worried about the movement in the market. So the sudden drop or rise, makes him agitated and confused what to do with his investments. So when it comes to crypto, better invest what you can afford to lose so your life is not depending on it.

THAT IS GOOD ADVICE....  Which is hard to find in the BitCoin community.   With so many " believers " this community has turned into a cult of people that just reinforce each others delusions.    BitCoin is a great way to speculate, and if you can call the highs and dips, you can make a lot of money, but it is a Casino...  And I would never mortgage my house or take my retirement to gamble at the casino.

I have no idea which way BitCoin will go from here, but its reaction to its first ever crisis is VERY WORRYING.   If people were looking at reality, there would be a lot more people here with really bad mental health.

Hard Facts

That is where you go TOTALLY WRONG.   BitCoin is NOT, NOT, NOT what real money should really be.   

1.  There can be an infinite amount of crypto currencies created, which is why we now see thousands of them  ;D ;D ;D

2.  It needs to have intrinsic value, which BitCoin does not have.   Try making a " Digital House " and selling it, or even living in it, no matter what name and special " properties " you give your Digital House, it will never be real.

Hard Facts

What's "real" is the global, trustless network of nodes that help secure the network.  You can't make a digital copy of people choosing to be part of a network.  There's no financial incentive to run a node unless you are mining, but people are still freely choosing to do this.  They presumably do this because they understand the importance of censorship resistance and being immune to regulatory shutdown.  In comparison, it's obvious that you are totally incapable of seeing Bitcoin as anything other than a speculative tool and that's due to your failure to comprehend.  We're not simply "naming special properties", we have physically built a network that can't be dismantled without shutting off the entire internet.

Stop talking to us as if you are qualified to speak about this subject when you clearly don't understand the first thing about network effects and utility.  It's true that there are thousands of different blockchains, but unless lots of people use those blockchains, they are just poor imitations and have little value or utility aside from mindless speculation.  Some people do attempt to speculate with Bitcoin and it is possible to lose money doing that.  But, choosing to speculate on Bitcoin does not detract from the utility Bitcoin provides (and other blockchains can't compete with).

Also, stop double-posting.  Combine your mindless drivel into a single post with multiple quotes.

Just like people that choose to be a part of any PYRAMID or PONZI scheme, they all have a financial incentive to participate, that does NOT, NOT, NOT make it money...   A lot of networks and ponzi schemes come and go.    There can be an infinite number of financial networks created, that does NOT make a crypto real money.

Despite all your bluster and trying justify your " beliefs ", it is obvious you have a lot of " faith " but have zero understanding of what real money is....

Hard Facts

What part of "There's no financial incentive to run a node unless you are mining" did your brain fail to parse?

Well, facts that people are being scammed and can still be scammed and the reality that despite a lot of people know that the scammed bitcoins are being moved and dumped, no one can stop it.

At first, I lost my mind as well when I wake up from the bed and saw my portfolio values reduced almost to half of its value before I got to my bed but slowly I started to realize why this is happening and what should I do. But things didn't change and made it worse the next day still I didn't lose my hope and never had any suicidal thoughts as other weak hearted people might have.

Anyway its just a money, we can make later or even the next day itself but life is one-time offer so use it well.

Everybody can't take the bitcoin crash pressure easily. I remember when the Bitcoin price was 3300$, many of my known people wanted to commit suicide! Because they bought at a very high price, like 14-17K USD, Because there were rumours that Bitcoin will go for 30-40K USD! After that I stopped telling people about the crypto world, it's not for everyone! In this month, Bitcoin price crashed like hell again, people were freaking out, the good thing is, most of the crypto supporters are mature now!

BitCoin supporters are NOT mature, they are cult like delusional " believers "...   And that is a VERY BAD way to invest money.   Seriously, would anyone invest in a Wall street product that sold it based on " faith " and where any negative information was DISMISSED as FUD ?

I have no idea if BitCoin will go up or down from here, but how BitCoin is crashing in its first ever FINANCIAL CRISIS should worry everyone.   My mental health would be very bad right now if I had borrowed and invested my retirement into BitCoin, since I look at reality, and not not operate on " faith "...

Hard Facts

There should be a correction this is not a financial crisis, its like a world war scenario all over the world but the enemy is something which can't be seen with our naked eyes so its called virus.And every kind of investment is something under faith, how can you be assured that stock you invested will go more value in the next few years?

Just faith right. :)

UTTERLY WRONG, This is the start of biggest FINANCIAL CRISIS and GLOBAL DEPRESSION the world has ever seen.   Give your statement I see you have zero understanding of economics and the everything bubble that is now popping.    Stocks, and most assets will go MUCH LOWER....

No I would never invest in stocks or anything else on " faith ", I would invest on rational analysis of every relevant fact I could get my hands on.   The fact that you demonstrate an utter ignorance of the state of the bubble economy, and the concept of investing rationally is unknown to you tells me you are the LAST PERSON anyone should ever listen to.

Hard Facts

 it has a real value as an electrical space heater.

you are simply spouting nonsense to drive the price down hoping to buy some cheaply.

If people get extremely worried to the point when they start contemplating suicide over their investment, it might be a big sign that they have invested too much. One of the rules of investing is only investing the money that you can afford to lose. If you put all your networth in Bitcoin or take loans to buy Bitcoin, you risk seriously screwing yourself.

So, if someone has such negative experiences, they should sell some portion of their coins on the next big upswing and hodl less coins, so that the future crashes won't be as devastating to them.

UTTERLY STUPID...

To think that me posting about BitCoin here would move its market price any significant amount is actually worse than stupid, it shows that you have no connection to reality.   Just what I would expect from one of the cult member " believers "....    Any rational person that reads your post would think " what an idiot " , weather they agree with me or not.

If I had the ability to move the BitCoin market price, I would be TRADING BitCoin, and making hundreds of millions of dollars.

Hard Facts

I can tell you what is really utterly stupid here. Calling someone sitting on bitcoin forum a bitcoin believer. What else do you expect when you're trying to spread fud like that? It's like sitting on vegan forum trying to convience everyone to eat meat. Someone may call you a troll. If I were you and completely dissapointed in bitcoin, I would already leave this forum for good. In case your mental health has been corrupted by recent events, you should visit a doctor as soon as possible.

All you have to do is READ what people post here, and the huger number of people here constantly post they they " believe " in bitcoin. 

If you can not even read and remember simple English, you are not even operating on a grade school intelligence level...   Why should anyone listen to you talk about a Financial Asset   :D :D :D

Hard Facts

that is true, that is true.  a psychiatrist will cure everyone.  ;D
In my opinion, real cryptocurrency enthusiasts and supporters of bitcoins are people who look at the long-term future of cryptocurrencies in the future and expect real use of cryptocurrency in everyday life of a person.  To date, in my opinion, Bitcoin is underestimated in full and is used only for profit on price fluctuations.  As for the mental health of a person who somehow starts or continues his activity in the cryptocurrency market, first of all, everything depends on the nature of the person and on what is at stake.  The fact is that I started my activity with earning start-up capital thanks to the Bounty company a few years ago, and I have never invested real fiat funds in cryptocurrency.  All my assets are earned through participation in different companies and through trade.  If I lose something, then this, in my opinion, is a real process on the cryptocurrency market and I’m not going to get sick because of this.  :D It seems to me that such advice can be offered to other users of the forum.   :D

THE VAST MAJORITY of people that have invested into BitCoin have used real money to buy it...  Many have borrowed, used retirement money, etc and have gambled with money that they can not afford to lose.    So it is understandable that the price crash of BitCoin would severely affect their MENTAL HEALTH  :'( :'( :'( :'(

I have no idea where BitCoin price is going, but the way it has crashed in this Economic Crisis is very worrying.  If you guys thing this is bad, just think how you will feel if BitCoin gets down into the 2000's

Hard Facts

You're still missing the point.  The network continues to function.  Whatever happens to the price, I can still use bitcoin to send transactions where visa, mastercard, paypal, etc, will not permit me to send payments.  If I want to support an organisation like wikileaks, I am free to do that.  You will only be making payments that your bank permit you to make. 

I have my freedom.  You don't. 

If you want to scaremonger about the price of freedom, go ahead.  Have fun being a frightened little prisoner who doesn't control their own wealth.

BitCoin has FAILED as a fast, easy, cheap way for everyone to make transactions, that dream never came true...  Now they try to sell BitCoin as Digital Gold and a safe haven asset, and now that narrative is up in smoke, false...

I like the FREEDOM of BitCoin, but that does NOT, NOT, NOT give it value as money, and I would not invest in it...  Not wanting to LOSE my money by investing in a collapsing asset does not make me afraid, that makes me a smart investor   ;D ;D ;D

Hard Facts

Read everything before saying it as wrong and I have no understanding of economics.The current scenario is not only about the economy it's more like the extinction of the world or at least people think in that way that is why they are selling to save their life because they know money can be earned but life, you can't.

Just wait until the BitCoin price crashes AGAIN, down in the 3,000's...   There will be a whole lot of people here with not only an economic crisis, but also a MENTAL HEALTH CRISIS    :'( :'( :'( :'(

Hard Facts

Most markets have rallied this week on short timeframe without any basing. So might expect another downside move with consolidation before any meaningful change in trend. Possibly a time to offload investments and look to buy back in later.

The market price of the bitcoin today is rapidly falling down and this is a huge impact to the people some of them made an investment when the market price drops immediately and this may give frustration and more to the people because it is a huge lose and they need to hold their coins to avoid getting loss of income, we cannot assure when is the market price fall or rise because the market is volatile and we cannot make any changes on it only the people who have the power like the whales can control the market changes still we want to make an investment at the first place we need to accept the risk, but if you are not confident enough it is better to hold back for a while and make a lot of research or background study about the thing you want to be included.

So you like gambling at the BitCoin Casino  :D :D :D   I have no idea if BitCion will go up or down, but I know BitCoin's intrinsic value is near zero, so I am thinking it will go down from here.   So if it goes down into the 3000's from here, is that going to help your mental Health ???

Hard Facts

---

You are an utter FOOL   :o :o :o

The Corona Virus crisis will not be gone in a few days, not even close.   The resulting economic depression will last for MANY YEARS.   Are you mentally not able to handle the truth ?   

Hard Facts

I am very sad to see some people affected by mental health due to volatile bitcoin prices. Which a few days ago had dropped below $ 4000,
this makes some people become stressed and some even decide to commit suicide because of losing the capital they have when bitcoin prices
are down. In my opinion, people who were exposed to metal health and decided to commit suicide due to the price of bitcoin fell, because it
was caused capital used is the proceeds of loans.

Ideally long-term holders should not worry about the price too much. I consider myself a long-term holder, but I can't resist from checking the prices every now and then. My conservative estimate is that in a typical day I check the Bitcoin prices at least 20 to 30 times (either in my laptop, or in my smartphone). And with everyone working from home now, staying away from this habit has become even more difficult.

If you are a legitimate long term holder thrn probably you already know what to do when the market is being crashed and also what you always do in terms of suddenly down just like what happened on the past weeks in which the bitcoin and also the whole market becomes red again.
I hope that you might be able to teach and sprrad some words to some people who are a holders and currently holding tokens or coins to wait their time and what they need to do in situation like this.

I am a long term holder of ENRON stock, and still waiting for it to go higher  :D :D :D :D :D :D :D :D :D :D :D :D

Sometimes long term holding a crashing asset is the WRONG thing to do  :o    You might very well lose almost all your money rather than just 1/2 of it.    No one knows what BitCoin price will do long term, but the price crash in BitCion to its first financial crisis is very worrying.   I personally would not risk it, because I do not like gambling in casinos, and BitCoin is a huge gamble with money.

Hard Facts

If you're checking it so often it means you are scared of the drop or want to make some fast money selling when it begins to rally again. Either way it's not a healthy approach.

If you invest, invest long term. Don't check prices 30 times a day because you're wasting time and torturing yourself when the price doen't meet your expectations. You have no control over it and it will do what it will do. Eventually it will go up even itf it means going down to 3000 in the process. What are you going to do if it bottoms once again? Sell?

I know that I will never sell at 5 6 or 7 thousand because this price does not satisfy me.

I might do it once or twice a day at the moment out of curiosity as to whether it's soared or collapsed. Before this current madness I could go for a few days without checking as there was little prospect of dramatic price action, until recently of course.

I hope this isolation doesn't cause people to dwell on crypto troubles too much if they have them. It's out of our hands. If I had a reasonable amount I'd be inclined to spend a bit of it on something that enriched my life and redirected my attention.

Then we could (if we were equally asinine as you) use the same argument to say that no one should hold any stocks because it's bad for your mental health that they can crash during an economic downturn.  But that would be stupid, because you know that stocks can go both up and down. 

None of your arguments make any rational sense.  You are just blurting out whatever you think will sound vaguely ominous in an attempt to scare people off.  It's just sad.  Find a new hobby.

SMART INVESTORS got out of stocks in early February.  Jeff Bezos, Warren Buffet, and a lot of other insiders that knew the market was about to go down SOLD their stocks instead of losing a fortune.    Of course  DUMB people say " stocks can go both up and down "  and just sit and watch their money go up in smoke  :D :D :D

Losing a bunch of money you need SHOULD affect ones mental health.    And I expect we will see a lot more of unhappy people in the next PRICE HALVING of BitCoin.

Hard Facts

The behavior of the market is quite normal based on its characteristic of being volatile. Bitcoin fluctuates too much over time, and the concern about the mental health of the people is more serious that we thought about their chance to buy and sell. It is not that easy to tell but in terms of it, it affects the person psychologically, whenever the market declines, it urges people to sell, especially if there is a huge bitcoin at stake. Sometimes, they became depressed from losing their investment. That is what we need to cure, we should help people overcome their doubt about bitcoin and help them to stick and hodl until the market price becomes decent again. In that way we could help the people develop their mental health, and to avoid losses in the market.

Thats a mature approach towards the investment world. Humans are freaky selfish when it comes to earning something for themselves and that is might be a natural extinct of having more and more!

This is good piece of advice and one should just turn off their system if they start getting depressing feelings after a loss.

You mad at your loss -----> Take deep breath -----> Turn off your system -----> Take a day Off -----> Be with your loved one -----> Start with new energy and in different way!

Yes, true. For those people who are indeed worried about the losses keep your mind positive. In this kind of market you are in, it is very unpredictable to tell whether when there will be a decrease or increase of rates because that's how bitcoin works. Before entering this kind of investment, make sure that you have understand and learn how this market worked. All of us here are worried but don't let your emotions drown you for what happened I know it's tough but soon will be better. Unfortunately, this virus did affect bitcoin but it will not be the end of it, it doesn't mean that it will continuously going down. Just remember, always expect things like these positive or negative cause if it's meant to happen it will happen.

Lovely idea. That will never, ever, ever happen. That behaviour is as hard wired into most people as breathing. Bubbles, FOMO, regret, they happen in all markets, not just Bitcoin.

What's easy to forget is that for most people here this is the first time they've ever been involved in any type of market. It doesn't help that this particular market is flat out nuts, but the things that seem to surprise some happen in the exact same way elsewhere.

I think that there is no need to compare the year 2000 and the current state of the cryptocurrency market.  Today we are witnessing the real development of the market and many companies that use cryptocurrency.  The whole difference between these periods is that there are more cryptocurrency users, because many new people are interested in investing in cryptocurrency, including bitcoin, as well as cryptocurrency trading.This increases the demand in the cryptocurrency market.  Of course, price fluctuations will always be present, Perhaps even on a large scale, especially if speculators manipulate this, But the fact that Bitcoin will not fall completely in price to the level of 2000, I am sure of that.  In addition, we need to wait for the upcoming halving and see how it affects the entire cryptocurrency market, and not just bitcoin.

The Halving is already expected and already priced into the BitCoin market.   You do not understand the psychology of the markets, the halving will most likely be a buy the rumor - sell the fact event.  So be ready for the PRICE - HALVING that is coming...

Hard Facts

---

ARE YOU KIDDING ???   99.999 % of people here are BitCoin " BELIEVERS ",  they are all operating off emotion and greed  :D :D :D

Every time I post a FACT that they do not like, it is rejected...  BitCoin believers are no different than cult members, all reinforcing each other delusions.

Hard Facts

Because 99.999% of them are actually humans, only 001% are honey-badgers.


Because you're a troll.


All hail Bitcoin! 8)

Fact, dormant addresses are actually increasing, https://bitinfocharts.com/top-100-dormant_8y-bitcoin-addresses.html

HODL.

BitCoin grew up in an economic bubble when everything went straight up...   BitCoins reaction to its first ECONOMIC CRISIS should worry everyone.     Cult like " believers " are not investors, and they will deserve exactly what they get.

BitCoins recent price drops should WORRY everyone, and of course losing your investment will affect your mental health.  The " believers " will be the hardest hit when they have lost everything and living in a delusional fantasy is no longer possible   :D :D :D

Hard Facts

Absolutely true, we should be prepared for any losses or grow that will happen. Bitcoin investment is a great idea but we should have understand the market and volatility of it. It's normal if there's a crash or sudden downfall of the rates it will not take too long, remember that's how this works. Also, I did have a business where I sell clothes online and now I can't even process the orders because of the quarantine or lockdown that the government imposed, and I'm worried because my funds are running out. Yes, it indeed affect my mental health but I know after the quarantine it will come back to it's normal situation just like in Bitcoin. For some reason, it will goes up or even down but what I have learned from the past years here are to have patience, control over your emotions, good tactical strategies and analyzation over the situation which really helped me to grow more. So, for those people who are worried, it's a normal thing to feel but look for a bright side in every negative situations for you to overcome this.

What was the reaction?

Zoom out.

https://pbs.twimg.com/media/ENPVB_EUYAAYAEj?format=jpg&name=large


No. Those are simply weak hands selling. What are their plans when Bitcoin goes back to the road to 6 digits? Buy again? Haha.

Believe. 8)

it is easy to believe if you are long enough in the industry, of course there is plenty of people that were introduce to BTC by mass media in 2017, bought it on the top, and for them this is a meltdown, but three facts should be always in mind prior to investing:
- never borrow money for risk investments
- always do your own analysis prior to investment
- never invest more than you can lose in any investment, especially risky ones, like BTC

Yes.  This is the type of balanced stance the topic should aim for, IMO.  I know it's tempting for some, myself included, to counter-troll the OP with an equally strong retort, but that's not sound advice for others. 

Ideally aim to hold perma-bears and perma-bulls to the same level of skepticism, because the truth is that no one can accurately predict what's going to happen to prices. 

If you try to predict a drop, it might go up.
If you anticipate a rise, it may fall.
If you suspect prices are going to stabilise, volatility could increase.
If you think there's going to be a sudden move in the markets, prices could well remain as they are.

No one knows.

Anyone that’s having a thought of taking their own life should please stop and look for help, this is not the end of the world, things are going to get better to be sincere.

There have been cases that are similar to this and things still got better, so this situation is just a temporary situation and not something that’s going to be permanent, just relax and wait for it and moreover life is the greatest gift of all, as long as you have life then it’s never late, you can always recover everything that’s lost. You might give up today and things will get better tomorrow, and then you will no where to see it. So relax guys.

This guy Wind_FURY is one of the dumbest, most dishonest people in the forum. Using a non linear graph and trying to show a trading band is NOT VALID.  Even a dumb person can see BitCoin price has been in a downtrend since its high in DEC 2017.   Would anyone invest in a Wall Street investment if your broker said " Believe " ?    When someone tries to tell you something and says " Believe ", that is exactly when you should RUN AWAY.  

Only the dumbest, most uneducated fools would fall for a snake oil salesman saying " Believe "  

Hard Facts

It's interesting to talk about bitcoin price movements in the current period which can be considered a crisis due to the corona outbreak, maybe this could be one of the years when bitcoin will have an important role throughout the world to become one of the safe heaven alternatives besides gold.

It is not impossible if the price of bitcoin will immediately skyrocket when this corona outbreak ends

I think that, many people thought that bitcoin's safe haven capabilities meant they'd only gain money during the crisis, and because btc's price dropped then now they seem to have turned their back on BTC, at least temporarily, BTC needs to be in a more stable position so that its fluctuations (much like gold's) is of about 5% or 10% tops during times like this, in that moment is when people will start considering it a safe haven in my opinion.

The LIE of BitCoin as " Digital Gold " or a " Safe Haven " has been exposed.  No rational person is buying that false narrative anymore.   A 50 % crash in price due to the economic crisis told every rational investor that BitCoin was nothing more than gambling at the Casino   :o :o :o

Central Banks, Countries, and Large Institutional Investors are getting as much Gold as they can, NONE, NONE, NONE of them are buying BitCoin.

WISE UP, That pipe dream is OVER.

Hard Facts

I'm the stupid one in the forum. Dishonest? No. 8)


It's not valid for you, because you want to see what you want to see. The reaility is, zoom out, and see everything.


Wall Street? Those scammers? Hahaha.

Yes, believe. DON'T BUY IF YOU DON'T.

See you in 5 years. 8)


Bitcoin doesn't care.

Believe. 8)

https://pbs.twimg.com/media/ENPVB_EUYAAYAEj?format=jpg&name=large

A few weeks ago when bitcoin dropped to $ 4,000 many people panicked and sold at cheap prices. There are even cases of stressful
bitcoin holders and exposed to mental health, some think to suicide. Things like this are really worrying, we if playing investment must
have a strong mentality. And you should be able to face investment risks calmly, especially the price of bitcoin is very volatile. So the
price dropped drastic is a natural thing, it will also rise again later. Evidently now the price of bitcoin has gone up to the price of $ 6200,
I'm sure in the near future will return to the price of $ 10k.

We all know the price of the bitcoin is going down deeply, because of the pandemic coronavirus. But many people that using bitcoin are experiencing such sadness because many people are regrets of sudden decline in the price market. I must to say that when the crisis comes like this it is normal to fell the bitcoin price deeply, the only thing we do is to pray that the pandemic coronavirus are gone or to find a cure for that disease and if the time comes when everything are fine, the market price are slowly going back to normal.

This guy is making the typical mistake of a DUMB person.   It is not the CoronaVirus that is causing the price decline of BitCoin, it is the ECONOMIC CRISIS, which will get worse and last for many years to come....

Hard Facts

That's correct. Just keep "holding" this is not the first time the market crash. What was lost can be gained again as long as you are well and sane. So hold on through this wave.

Emotional people are really present always here on investment world on when the time their ports becomes deeply red then they do consider out on committing suicide to solve up the problem
which is a totally a dumb thing to be done and as said- money can still be found and possibly recovered  - . People are way too different though when it comes to emotion handling, some arent just to
that tough when it comes to difficult situations thats why suicide is the primary thing that do comes out into their mind to solve out everything without even re-thinking that life is more precious
and theres so lots or much things in this world that you can still done not just on making money.

THAT DEPENDS on the person...  If a person just used " Gambling Money " to buy BitCoin, if it goes down to near zero he will be OK.   BUT, a lot of people mortgaged their houses, borrowed, used money they can not afford to lose hoping to get rich from a BitCoin investment.    These people will be DESTROYED mentally and financially if BitCoin goes down in the 1000's or below.

For some people MONEY IS LIFE, imagine trying to survive on the streets with no job, no money, and having lost everything.

Hard Facts

Then that's the fault of those particular people, not Bitcoin.  They'd have undoubtedly found something to lose their money on if they're doing stupid shit like that.

In moments like those in which the world is going through, the best thing is to have clear thoughts according to the most intelligent decision, what is most recommended is investment, because now what the world is most impacted on is the Covid-19. The mental health of many investors could be said to be on hiatus, since what they most want is to live, to survive. For now in those countries like China that have exceeded the fundamental are the ones that take the most advantage of improving their economy, I think it will be a matter of no more than 15 days that the price of Bitcoin continues on its recovery path.

Zoom out. What's the price decline? Look at this beautiful logarithmic chart,

https://pbs.twimg.com/media/ENPVB_EUYAAYAEj?format=jpg&name=large

Plus do you believe an economic crisis will be forever? Research what happens after an economic crisis. 8)

Weak hands, sell! We HODL!

The last thing I ever do is to worry myself about money. Whatever happens, it has happened and there is nothing you can do about it than to endure and have patience till everything comes back in place. Yes, you're going to feel bad for losing your money, but you should take it as part of the experience you're meant to have in life and then work hard in getting back what you have lost and even bigger than your past.

The first time I invested in bitcoin I had a similar experience and that was around 2014 or 2015, that I invested $250 and within a short while the price of bitcoin dropped and what I was seeing in my wallet was around $190. I didn't worry myself because that amount wasn't much, I invested a little cause I was still new to it. But even if I did lose much, I still wouldn't bother myself, life they say is the biggest gift of all.

Well said mate, we are facing a crisis now, which is the COVID-19,  a very strong and dangerous virus to the point that different economy of different countries falls and even the market also falls which resulted of bitcoin dumping, but do not lose hope by that things. We had experienced these things before, bitcoin reaches for about 2000$ before but look,  the bitclin still bounce back and recovered, so I think the bitcoin will rise again, just believe to the bitcoin, do not sell your coins with lower amount.

Just hold it and wait for the bitcoin to rise again. That is the best option that you may do as of this moment. 

it's funny just because money or a crisis situation like this makes anyone have the intention to end his life due to economic hardships etc., however suicide is not the best way for you to go out of this problem, as explained earlier it's just a matter of money or anything and anyone certainly have the ability to overcome and improve things better with a process and indeed, this problem is only about time because most of those who do not have patience are those who do not have the good mentality to deal with all the problems that exist.

Your mentality is know when trade with bitcoin and altcoin during you get lower price after you finish buying bitcoin, when you try to sell price suddenly drop and take your mentality how to control your soul become frustrated with bitcoin suddenly down or you look keep stronger.

The Economic crisis will last for MANY YEARS  The Great Depression lasted 13 years.  The government is doing exactly the WRONG things, which will make this economic crisis last even longer.    So you want to HODL and hope for that long, good luck with that  ;D ;D ;D

I wonder at which price you just disappear and stop posting, to ashamed to admit you were wrong, BitCoin 3000 ?  BitCoin 1000 ?

Hard Facts

Not scared. Research each "economic crisis", and what came after those "crisis". New All Time Highs. 8)

I HODL because Bitcoin will DELETE the legacy banking system.


Never.

You have said it, the government is doing the WRONG things. HODL. Zoom out, and look at the logarithmic chart. 8)

I hope you do stick around no matter what !!!  It will be very interesting to see what you think when BitCion price is down in the 1000's    ;D ;D ;D ;D

I might even buy some bitcoins when they are around 1 dollar each, just because I do not mind gambling with my Lunch Money  :D :D :D

Hard Facts

OK, but you, you want everyone to work very hard for $30,000 every year, save in a bank, only for the government to print trillions of dollars, devaluing everyone's savings.

I do have to admire you PASSION !!!   I hope you are here for a very long time, one day you can put that passion to something good ;D

You are correct about your statement above, I totally agree it is so very wrong, but that is a whole different issue than BitCoin.   That is also why you should own REAL COINS to protect yourself against that.  I get why you are doing the whole BitCoin thing, and are absolutely right in your idea, you just invested in the wrong asset.

Hard Facts

If that's your argument against investing in Bitcoin, I'd love to hear what you think the arguments "for" are.  You could be the greatest advocate we've ever seen.   ;D

"Buy those government coins, they're doing it wrong and are ruining the economy"?  You see how that doesn't follow logically, right?



I think we'll let history be the judge of that.  It seems to be more qualified than you.   ::)

Many investors are now having problems with falling bitcoin prices especially those who are investing heavily in it and investors who are in debt because they expect the Bitcoin bull run is about to start. All I can say right now is to be positive, to take advantage of the downfall of bitcoin to buy more as it is likely to rise in price again in the coming years, especially when the global pandemic ends.

I NEVER, NEVER, NEVER said to be invested in US Dollars, you are not reading what I have been posting...  As a matter of fact, this is the one thing most of us agree on   :D :D :D

Yes history will be the judge here, and either I, or you guys will really wish we had been smarter  ;D ;D ;D

REAL COINS, like this !!  And you can even get one with BitCoin printed on it if you just love the idea of BitCoin but do not want to lose all your money.

https://i.imgur.com/u6MUK2l.jpg

Hard Facts

In one simple phrase... "don't panic!"

Even if the market flashes red indicators all over if you aren't in a losing position by a reasonable percentage (in crypto that's up to 40-50% even for a well balanced portfolio) then don't panic sell just perhaps hedge the alts until Bitcoin recovers and when it does it should make a swift recovery

Like come on this sub $6,000 price dip is embarrassing so hopefully it stays above that in the next few weeks and leads into a halving led recovery

CORRECTION TO PREVIOUS PORTFOLIO RECOMMENDATION:  

(in crypto that's 0 % even for a well balanced portfolio)

BUT, it's NOT. Do you believe that all the helicopter money will do the economy good in 10 years? Everyone SHOULD be saving part of their salary in Bitcoin starting NOW.


The troll is finally showing his true colors. OK, I will humor you. What is the REAL COIN that we should be holding?

I was trying to be optimistic but you're probably more accurate with that guesstimate

I think they're saying coin to throw you off the scent.  HardFacts is a goldbug and devout disciple of the Church of Schiff.  I'd imagine "coins made of gold" would be the only definition of "real coin" they would be prepared to accept.

Wind_FURY,

Slow down and read what I am saying...  I agree with you that the helicopter money is very bad, but it is even worse than you think   :o :o :o   It will not take 10 years, it will be MUCH MUCH sooner to see the inflationary effects of this.  Try a matter of MONTHS to start to see significant noticeable inflation, and hyperinflation within about 1 - 2 years depending on the amount of printing they do.  These are VERY ROUGH guesses, since they depend a lot on Federal Reserve actions, but what I do know is that it will NOT, NOT, NOT be anywhere near 10 years.  Given your statement, I just do not understand why you are incredibly overly optimistic about the US Dollar  ;)

You still do not understand REAL Coins ??  Really ??  Do you think I am talking about quarters and dimes in a piggy bank ??   I am talking about the one in the picture you did not see above, so I will post it again.  You can even get one with BitCoin on it since you like BitCoin so much  :D

https://i.imgur.com/u6MUK2l.jpg

Hard Facts

Stop looking at the bitcoin's price every minute, from this we can avoid most of the mental stress which created by the volatility of prices.Investors have no reasons to check prices in that way still we are doing it.Whole world is in a crisis scenario so nothing to worry if you lost money because you are not alone.

HORRIBLE ADVICE  >:( >:( >:(

Smart investors can MAKE a lot of money from a crisis, and many are !!!   Are you really going to feel better if you are broke, and can not buy anything or pay your bills, and losing your house just because a lot of other dumb people made bad choices along with you ???

Hard Facts

Learn the difference between savings and investment capitals.You should have minimum amount of savings before going for risk investments like cryptos so  if you are going to rely on the returns from your investments for surviving your months then you should be the dumb! :D

The whole world is going through a bad time this impact on stock market too so market is crushed. Many people are lost their seed-money but suicide is not a solution. The previous crypto market history gives us an idea of this that the price of Bitcoin is dropped today but we hope it will rise again. Wait and keep your trust on Bitcoin. Everything will be fine.

There's always a need of step back in case your position did not materialized, every investment that you'll going to take especially here in crypto space where volatility is really hurting your assets, if you failed to work with the correct timing you will lose your capital.
Best practice is to set different money for your investment and your savings, in case you need money for emergency you have something to use and
not the money from your investment asset.

You sir are the lie against bitcoin.

BTC  is a method to turn electrical power into coins. It can be used as a safe haven in some cases not all.

Essentially no asset is safe from the sun doing a super nova.  So all assets are only some what of a safe haven.

Is BTC  a safe haven against a world wide disaster that kills off 7 of the 8 billion humans on earth no.
BTW  gold would be a big fail in that case.

The degree of a safe haven for wealth is complex.

Reality is only space travel and multiple locations in the universe will get us to have really good safe havens.
Toss in a variation of altered carbon on netflix  with multiple clones of ones self  placed on multiple planets in multiple solar systems and save have becomes close to being acheived.

BTC  is a safe haven in a local war or disaster.  
It is better then gold as you do not have to carry pounds of gold in your pocket when you are running.


   As to a 50% collapse in price.  Lets look at that  3900 the low for march  and 6800  the price today.
That is a large uptick for a BTC purchase.
A miner gets the added benefit of a 15% difficulty adjustment in his favor.
So  he get 1.15 coins mined vs 1.
which means 6800 x 1.15 =  7820 from 3900  back in march.
This makes for  a nice gain for a miner.  Even better then one that purchased a coin.


It is quite clear to me  you will continue to be soft with those limp half truths you choose to tell here.

Or THE silver bug throwing of another scent. Hahaha.

I believe he was a regular poster in WO before. 8)


Then there's no time! FOMO-buy Bitcoin, and HODL. 8)


Overly optimistic? Or do you only want to believe what you want say?


Bitcoin Gold!

Well coins are up to 7200 as I type.

I am sure some will sell today. Some simply are short cash and this is all they have to convert to cash.

Others may have purchased anytime before Novemeber  7th 2017 It had yet to ever reach 7000 until later in nov of 2017.

So any btc aquired from 2009 to Nov 7th 2017 would sell at a  profit.

Now some purchased at the march 2020 dip to 3900  so selling now is close to 2x your money.

I realize that from nov 7 2017 to april 2020   we were over 7200 often.  we were also under 7200

So  those selling in that position say 8500 average price for their coins and sell for 7200  they are willing to take the loss.

Maybe hardfacts has swayed them.

Well said, if you are going to invest, you should know the risk of doing that, investing is not a sure win situation, you will not assure yourselves that it is 100% profitable because there is still a chance to lose your money especially when you invest last 2 months and then thins bitcoin dumped happens. Even though bitcoin dumping happens do not lose hope the you will lose your money,  just still keep it, do not pull it out, just wait for the price of bitcoin to rise again so you will still make money.
Do not jave suicidal thoughts, that is not the good option to do, it is just a money do not kill yourself just because you lose your money. Money is only money, you can still work for it,  if you kill yourself, you can not make money anymore.

your information is useful!

But if you started talking about suicides, maybe it's time to think about the content on the forum: post positive news more often, make messages with financial statistics more neutral. The author does not have to decide with what mood the reader will read the message. These are just numbers. And now it’s such a time that there is no person who this situation would not touch in any way.
I wish you all strength, patience, and health.

The fall in prices can indeed create emotional burdens for fear of losing, and even though it is difficult, we must be able to think positively that the market will be able to recover.

At this moment we are experiencing pandemic due to the covid 19 disease. We are experiencing crisis and it is natural that we woulf expect a subsiding of bitcoin price. The stock market is also subsiding because of the crisis. With this we must be cery careful in using our coins. In this situation while the market is subsiding there are many people who are taking advantage so we must be careful in which site we are about to invest our finances. This pamdemic can also affect the mental health of people because they are worrying on the things which may happen in the future.

Yea, Suicide is not the last step in life i think. LIfe if like a war and we are in battle field. So there must be ups and downs every time but if we go to suicide that means we Defeated in war. In crypto life also like battle field and we have to fight with our brain always. We have to invest with claver so that we may win.

good day.

Longterm holders should not worry about the price that much. I think im a longterm holder, but I cant resist from checking the prices every now and then. My estimate is that in a day I check the Bitcoin prices at least 40-70 times. And with everyone working from home now, staying away from this habit has become even more difficult.

Almost all people are surprize the unexpected  impact of covid-19 and the government fronliner forces has creating some medical check up to all bounderies to avoid infected person to enter inside the respective area is to control the propagation of the pandemic virus, at this season we are all the victims there is no exempted in fact we are still worried about the price of Bitcoin but totally this not the end of the world we need to stay waiting for the increase because it's all about a trials on how we stable.

Only one thing leads to frustration - expectations. When they do not correspond to what is happening in reality, we are usually upset.
Therefore, it is important not to have expectations that may not come true. It is better not to have any expectations at all, then you can always be surprised and rejoice at what is happening.

It depends on the willings of the holder. Someone looking to make a profit in a short term basis will always be frustrated, while real holders are already adopted with crashes. It's not really about mental health rather than a normal fear of non experienced users. If someone doesn't take volatility under his considerations, then better to invest in fiat or stable coins and keep using banks.

No! Why they will be frustrated if they followed their plan very well. I do not hold and I do short term trade. I will not be frustrated even if the price of the bitcoin double in the near future because I follow my plan very well. For me it has more advantages than to do holding. We have different point of view after all because we have different goals and plan.

What we should be focus is our trading psychology, we need discipline especially if we want to earn money in the market. The discipline that I talking about is following our plans very well. For example, if we want to do short term trade then we should do it with the right criteria and we should follow our plan. The mentality of the traders are sometimes become the reason why they lose in the market.

Very few people can follow their plans because when they are already in the trading market, they tend to deviate from their original plans because they thought they will earn more by doing so. There is nothing wrong about it, but one should be ready for what will be the consequences of his decisions. Because if it doesn't go from your expectations, you will be disappointed and depressed of the results. So don't put too much expectations and just be conservative about it, so you will not be so disheartened if things go sideways.

if you enter the world of trader or investment just make sure you have a strong mind and open minded to avoid being suicidal mindset. suicide is not the sulotion when if you see is your investment is going dump.  otherwise grab the opportunity to add your fund. dont give up continue your step to reach your goal..

When looking bitcoin lower price our mentality really shock and look frustrated, but when bitcoin on the top price we are very happy. Its reality and way process in bitcoin and altcoin price, some one without good mentality never allow for investing or trading with bitcoin and altcoin. Keep use other way to get much money.

Money is for life, life is not only for money. It is universal true that no business goes in the way of a strait line.  There will be ups and downs. Todays down may be ups tomorrow. So suicide decision is just a stupid idea. Life is far important than money. 

The last thing I will ever do is take my life because of a difficult situation that I'm going through. Nah, I don't stress myself like that. Whatever that is meant to be will always be, it's up to you the way you stand up to it. You shouldn't let situations you go through make you feel depressed or whatsoever, you should learn to control your feelings and learn to have joy at all times.

Even if I should lose money here, I still wouldn't be bothered. And that reminds me, this is one of the reasons why we should all plan things ahead of times. Imagine those that invested more than they can afford to risk at this time, they will be the ones regretting more. No one ever expected this Coronavirus to come out of nowhere and wreck things like this.

     Patience plays a very important role in the crypto market. The investment is made in the long term, during which time decreases of price, less pleasant can happen. It's easy to talk about in theory, but the truth is, you can't be quiet when you lose some money. But panic and depression will not help you, but on the contrary it is important to keep your calm and wait for the prices to increase to recover your money.

Well, actually my mental health is fine, as long as bitcoin is above $7000 haha

All right. People start investing with the expectation of making money. They immediately have expectations that they will succeed.
A small part of people think that they will fail for the first time, so they usually take more money for deposit than they actually can lose.
After the loss, realizing that they made a mistake, they can resort to trying to correct the situation by making another deposit, and again it will be funds that they cannot afford to lose without frustration.

You’re right man, early I saw that the price of bitcoin went down a lot and then suddenly went up again. it was crazy

I think it's better if it went up to $10,000. My brain will be at ease and relaxed, no mental health issues.

I'll gonna be more patient on this since bitcoin halving is near and pumping is possible.
The current price of BTC now is $7027.18, let's wait for a month.

The connection between Bitcoin's price and mental health is real lol. Whenever Bitcoin's price is going down those people who bought at a high price are getting serious migraines and headaches.
Every one of us is dreaming of a new ATH for Bitcoin but no one really knows when it will happen.

Upon entering the crypto world, we should keep in mind that it has a big risk and it's more like gambling where there's no guarantee of gaining a good profit in time. Yes, it's depressing to lose our funds but giving up during the dip will be the worst decision that we'll make. We'll gain a good profit if we'll have the patience and strong courage to handle our emotions well. It's a silent battle that we have to face.

It is funny that disruptions in the mental health of people are observed both during strong and unexpected drops in bitcoin, and at times when bitcoin is going to conquer new heights.
People fall into some kind of crazy rush of “eternal growth” and sometimes completely lose their heads becoming like crazy fanatics.

The market crash is a big blow to a lot of people. So many people have lost huge sums of money. But killing yourself or committing suicide during this time is not an option. Just remember that any amount lost can be made in the future, but we only live once.

Oh wow this topic is still getting replies? I thought it was dead.

If your brain can't be at ease and relaxed at current prices and even if ever bitcoin crashes to sub $3000 levels, then there's a good chance that you might be too over-invested my man. You might want to spread out your risk into other assets a bit.

Yeah, some of us are getting ecstatic when btc is on its prime and more especially if there are good news about it like the halving. But I think most of us are now losing hope and starting to doubt whether this year's halving would be so spectacular or not. So if I were you guys, I will now burst my bubble and slowly accept the tendency of worse things to come. So that you will not get so much frustrated when that time comes. Bullish May is not yet assure so brace yourselves :).

Almost all crypto investors and traders want the price of bitcoin market to surge more but with the current pandemic issue i believe it will be the month of halving before bitcoin can really make the price you mentioned and it hurts because those that predicted this year halving not to be much profitable we think they are right.

Hello everybody. Yes, the topic is very relevant. Of course, I agree that psychologically a person should be very strong. Of course, when you lose a lot of money in such a highly volatile market without too much effort, for frequent people, in spite of any excuses, throw up the last money - this is really some kind of craziness. Yes, - it is necessary to warn people, it is necessary to inform everyone that this is just money - and life is priceless. Anyone needs to understand that when you come here you are likely to lose - at least in the next day you will definitely not become a millionaire. Cryptocurrency is a long-term investment and a highly manipulated asset. You can and should definitely buy cryptocurrency, but you must not play according to the rules of stockbrokers and cryptocurrency whales. Coming here, you need to understand and know exactly what exactly you want, it is advisable to even know how much exactly you want to earn exactly. And just be patient. In any case, there is no more valuable time spent with your parents with your family and with your children. There is money today - no tomorrow, but time is unlikely to increase in your life

Yes, but you can't be like that. Otherwise, you will end up obsessing and literally watching the price charts. It is won't help it will make you feel worse and in this state, you make your worst decisions. Worrying about bitcoins price means you in it for the wrong reasons to begin with and you will send yourself to insanity. Panic buying and selling and anything are done on emotions like that usually leads to bad decisions and loss, which only serves to further the anxiety and mental health even more.

Like which assets? I have about $2k I bought at ~$10k price mark, tbh I'm waiting for it to go back up, I can definitely live without them but I would really appreciate being able to recover that money heh

Like I said, wrong attitude, so wrong expectations. It's in the small print. And nowadays its even on the advertising of the broker. That they are more likely than not to fail. This is the most common: "76% Of CFD Traders Lose Money On Their Deals" you can google it.

Know this and know the odds are stacked against you.

Always. Deposit what you can afford to lose.

I think the price of this bitcoin has skyrocketed and after a lot of pressure on our mentality we can no longer make this camera decision because the price of bitcoin has dropped so much a few months ago and now crypto holders are so scared that we investors are afraid to keep this bitcoin because when prices go up a lot, we think it will go up a lot, but we can't do it again our profits go down a lot when it hits, so these i things bitcoin price affect us so in the current world market we need to see how much impact these markets have on bitcoin and above the price. If we have to do bitcoin then our mentality will be much less blockchain the transactions are dependent on the blockchain.

People, just relax, that is my advice.
First when I first started with Bitcoin, about seven years ago, I was focused very much on price. But with time and experience, when I learned how Bitcoin is functioning my attitude changed.
Now I'm not watching the price all the tin, unles I'm trading, I'm aware of volatility and fact that Bitcoin price moves both ways. So, it will not fall but neither rise all the time. Learn to adjust, to be flexible with your portfolio.and everything will be.much easier for you.

Maybe this is a pandemic effect so it's a little slow for the current surge of bitcoin. In fact, I often see prices every day hoping that a big pump at this time is difficult even though it's been awaited by many traders and investors, but still no one can predict now or when halving happened.
The countdown from now feels very difficult to touch 10k. hmm maybe history will not be repeated again. ::)

Well, the stocks and virtual currency becomes the center right now even there is COVID-19 which is said to be a reason why most stocks and bitcoin will fall down and stuck up. This end of April and starting of May will be the preparation for the bitcoin bullish due to halving also.

I also read your speculation about bitcoin and I was amazed how you conclude it at all. For me, we dont need to worry about our lose, because bitcoin will rise and keep rise everytime it have halving.

It's easy for price to affect mood if an individual has a position which is too large for them to handle.

What is your bitcoin worth as a % of your total portfolio?

Are you valuing that at today's date, or acquisition price?

I recommend investing more time in self study, reading, learning and general research to increase conviction, or to reduce position in BTC.

Hold a position that you are comfortable with. Keeping a cash balance is important.

If you don't make it to the future with a healthy mind and body, it doesn't matter what the price will be.

hold strong

For those of us got in the very beginning I don't see how we are affected by the Bitcoin's move.

If btc is over $1, I don't think we have a problem.  To stay safu we've moved our position to physical Gold, silver, and ammo a long time ago.  Debt and Exchange (that allows manipulation) is the source of your mental hygiene issues.

Agree, everything is only about money because basically money can still be obtained at other opportunities in various ways, when you lose in anything that involves money in it, at least you also have to realize if you have to have a strong mentality to be able to face any risk with quiet. So in this point I think not only mentality because on the one hand, investors must also have a good mindset going forward, because when you get the value of your investment it crashes and at the same time you also have a good mindset, at least you will not panic when facing price crashes while other investors panic because they don't have great planning.

For some people, it's just money, but for some others, they put everything into the trading( similar situation happens in gambling also). Sometimes they put whatever he left and there are some people, who borrow money from others. They set up all future plan on the basis of his future profit only and when that goes opposite to his plans he feels blank in the head, his bad emotions come into play and he does the things only based to his bad emotions only . Such suicidal mentality rise at that time.
So before we invest anywhere we need to make plans on loss also, and we should not put everything on the investment.

Having a mindset that we are prepared to lose is good in order for us to handle the mental stress if we experienced to lose huge amount of money. We should be aware that our mental health is a great factor especially when it comes to investing and trading. That is the reason why keep investing in my trading psychology for me to understand my emotion very well, there is a saying that if you want to fully able to understand yourself; become a trader because analysis is not only the one that we are going to use even our emotions are important.

They lost because they lack patience ... Also, several times I did wrong, I bought and sold wrong ... As you watch the market even when the price falls after some time and so it returns to a good price. All you have to do is wait, unless you bought a BTC for 20k $, then it's a problem...

Thanks to OP for such an advice. One thing investors especially newbies should take into consideration is that Bitcoin and cryptocurrency in general is not a get-rich-quick scheme. The market is formed with periods of price ups and downs and it takes only the patient investor to sail through to a particular set price. It is always to set a price or target for ones investment and never be too greedy.
Above all, never invest what you cannot afford to lose - this applies not only to Bitcoin but all investments.

In general, the topic of price and psychological health is relevant in any market. Now is a difficult time - any fluctuations in the cryptocurrency market, one way or another, leave a mark. They say that nerve cells do not recover, - I believe that the most nervous in general should be away from the cryptocurrency market. Only in a stable psychological state can one use the fluctuation in the price of bitcoin in a balanced manner. I noticed one pattern - in addition to a clear plan and its strict compliance, regular rest is necessary. A few years ago, after the next drain of the deposit, I completely tried for a week not to inquire about the price of bitcoin, which was morally stronger, I made a deposit again, and for the first few days there were only positive transactions, then again, greed, fatigue and loss of the deposit. The conclusion is very simple - the price today, tomorrow, the day after tomorrow can be anywhere, and so that your psychological state does not finally break about the price that will play against your deposit, rest more often. Do not forget that in addition to the price of bitcoin, there is still a lot of interesting things.

Of course, the probability of suddenly getting rich, catching luck, participating in trade, or investing in a project becomes less than it was 5 years ago or more. Nevertheless, the cryptocurrency market is still a chance for those who do not have sufficient resources, and even knowledge. When investing in cryptocurrencies, a lot of things are decided by the general outlook of a person, his philosophical and practical outlook and intuition. In this case, even an amateur in trade, may be the winner by correctly identifying a promising project. Bitcoin in this sense, gives less chances, it is becoming more academic in terms of trade and conservative in terms of technical capabilities. Mental problems, in my opinion, are the lot of professionals and overwork. Here I agree with one of the speakers. Adventurers, as a rule, easily accept both victories and defeats.

I am absolutely sure that the vast majority of newcomers, and even without knowledge, will only lose the deposit.
The only option when you can earn money on the crypt is to make shitcoin ;D, and throw it on some exchange, merge coins, and go with the money into the sunset.

They instantly lose their money because of they thinking of get rich mentality, they are buying shitcoins that doesn't have value anymore because it is look cheap. Newbies should have knowledge first before they put their money at risk, it is better to stay away first in the market especially if they have still no foundation about trading and making money from the market.

People who are new in crypto would try to buy shitcoins because they don't have enough money to invest in top coins in the market, that is why it is one of the biggest mistake that they have done and did not try to search for more ways for them to be able to invest their money in top coins like bitcoin.

The best that advice that we can give to every investor out there who are at a loss right now.
I will just add, if you can't take the losses that you may get when you are investing then it would be better if you just don't invest at all so you will not think of suiciding.


Not only twice but thrice because like you said, money can be retrieved thru different ways but your life is only one and if you wasted it and committed a suicide you will not retrieve it again so think thrice before doing this. We can't stop investors to think like this though but before investing, be ready in the consequences that you may face along the way.

---

Overall, some of the investors and traders are very emotional with regards to their investments because it is their money and they've work hard for them. Just don't invest if you aren't willing to lose your money in different investments because in every investment, losses are inevitable.

I like the idea expressed here about the fact that newcomers who do not have enough money, they are forced to invest in shitcoins. This is where the support for shitcoins hides! ) And this, unfortunately, is not a joke. People want to catch their luck. This is what gives life to shitcoins and discredits the blockchain industry. But you can even go further and show that this same principle compromises not only the blockchain, but civilization as a whole. But the problem is also that bitcoin, not being a shitcoin, does not have characteristics worthy of civilization. There are already enough advanced projects for this, but their success has not yet come to them.

This is normal if you want to make money online. This is more normal who work with Bitcoin or save bitcoin. The price of Bitcoin can go up or down at any time. There is no way to Know in advance what will happen. There is nothing to worry about. You must be patient.

The sharp drop in the price of Bitcoin has created market sentiment for some people. They are afraid of the price and sell Bitcoin. Because some inexperienced investors find it difficult to bear the pressure of such a sharp decline, and do not realize that the price will pull back and rise. For some investors, it is an opportunity to buy cheaper tokens, buying some when the price is low, and then making a profit when the price pulls back.
Don't just focus on money and profits, don't be affected by price fluctuations, manage market sentiment well and hold it for a long time to get some profits.

Good idea mk4,,, I think people are all so nervy now I noticed even the moonbois in some youtube channels are quiet for one week now probably hiding from the crowd they told to buy stuff and promised the moon.


Well, people want to speculate,,, how can we tell them not to focus on money on profits? If people just want to hold and not use it, then they are just speculating so let them:)

To be honest, during the 2018 crash, I was mentally devastated and thought about committing suicide, at that time I was still very stupid because I invested money that I shouldn't have used.

I bought bitcoin in the highest price in 2018 which is arround 18-20$k and after that market crash BTC price drop untill $4k.

Now, when i see the market it makes me dejavu (2018 crash), but right now i feel more mature and never think about doing stupid things again.

You are not alone, the crypto space gets the largest number of new investors pretty much at the peak of the cycle every time (the 'euphoria' stage of the market cycle). Most people learn a great deal the first cycle they enter the space and although it can be a costly lesson to learn, it serves them well for future cycles.

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Lol, I'm sure a lot of people have been in the same situation. I ended my damn rampage when ETH fell from $700 to $150 in 2018. I sold BTC to build a house for $9k and what I have at this stage has completed a cycle. . That's unique and it's a miracle even if for a moment you look back and damn it, at least I gave up at least two of my big opportunities. Now, I have family, kids and I feel the calmness and confidence in bitcoin and crypto is immense. I hope I won't be as foolish as I was when I was young.

I'm agree. It's all just about money that you can gain at any time. I'm always buying some crypto when it dips and just living my life. I wish everyone to stay well!

I think a lot of people need to be educated about this. anyone must be prepared with the risk of loss, because in cryptocurrencies not fully experiencing profits there must be losses. so what I think is we have to be able to manage well how we run crypto and also any risks we have to be prepared to face. so if we are ready our mental health seems to be stable and under control

- I believe everyone here is educated about bitcoin and crypto losses from the start but you should also understand that the truth is probably something that is hard for us to accept and not to believe because our goal is basically no failure here, it's very rare to think about the negativity of the problem. As soon as a bad situation comes and causes too much mental shock, we seem to be affected very badly, quite a few people have had to seek advice here or from friends and community to recover from the terrible prices bitcoin can hit

Most people don't understand the financial risks of investing in the cryptocurrency market, they just know that, since blockchain technology is a tie for them, I don't mean that they are outdated.  .  But they need to learn, invest and also how to use them, ... Most of the new entrants buy/sell/p2p on some exchange.  They still don't understand the different uses and benefits.  The deeper they go into profit, the less they understand about bitcoin and this market.  Therefore, they are easily influenced psychologically and bewildered.

Lol, suicide is the craziest thing I know. If their mindset goes into bitcoin as a game and is geared towards chance, don't trade anything of significance. Bitcoin and cryptocurrencies are opportunities but should not be overused to damage your life.

This is not going to work either  :)
The only way to make money in crypto is to learn about it. You can hold or you can trade but before that you need to have sufficient knowledge. Without knowledge you will end up losing money.

HODLing works, yeah but we should be really patient. For example, there has been a big dump recently. The price went down to $29k. We are still in a really boring period but this shouldn't cause us to do silly things. I think it's not time to sell, it's time to buy and HODL.

I was very mentally depressed when I first started getting to know bitcoin where I bought bitcoin for 25k$ and it dropped to 15k$, but the support from fellow traders and bounty friends made me calm, and with patience in early 2021 I enjoyed the results of my patience

I think this year was my toughest year because I invested in bitcoin when the bitcoin price was very high (arround $50k). In the current situation, I think I'm quite lucky because I'm already quite experienced in the investment field, so the current situation doesn't stress me too much because I already know when I invest in crypto the risk is very high and i use money i can afford to lose.

Patient is a virtue especially for investors. This is the same way I lost couple of dollars because of my impatient to keep holding when Bitcoin was falling. I decided to sell all my Bitcoin to later buy at the dip but later missed it all. I sold with huge loses and couldn't recover my loses. This Bitcoin business needs a lot of patience to backup ones optimistic target. With the level I am now, I think my previous mistake can serve as knowledge to new traders who had not gotten the lever to endure negative outcome of a trading.

This has been going on since the beginning of time for people who are in control of their finances. It is also common in the stock market that you really need to weather the stormy times to be able to enjoy the rainbow afterwards. There are two reasons that you should continue to hold cryptocurrencies in my mind: 1) You have lots of spare cash available and have committed to "investing" some of it over a long timeframe (ideally 5+ years) or 2) You think there is a solid reason that Bitcoin will recover and continue to rise in price. Either way, if you're checking your investments each day and let it affect your thoughts then it is probably too risky for you - so put your money somewhere safer but you won't benefit if the volatility causes a price rise.

In terms of investment, you should use money that has not been used for a long time. Therefore, however the market will look, especially during a crash, we can stay calm waiting for the next bull to come. If we use busy money, surely we will fall into a panic situation when the price drops too deep and most of us will take a very bad decision that is cut the loss.

I don't think you can be 100% successful long-term trader without encountering a loss or two. Loss should not discourage you for ever trading again tho. Your mental health should be much more important than any amount of profit or BTC. If you need help, please contact your nearest help line.

for now indeed.we are being.overwritten by several problems.regarding the price of bitcoin which.is increasingly.falling and is.no longer under control, but we are also very mentally.prepared about such.things what we can.do for now is.that we are able to be more.patient in.conditions or situations.like this , because if.we are not mentally.controlled this will also have an.impact on our business.which we have been.in for a long time

money can be found back but life only once...

Besides suicide because of a breakup, I am also surprised by people who commit suicide because of losses in business or investment, their minds are so narrow. for Bitcoin investors when the price drops don't think it's the end of the world, until whenever you have to remember that the price of Bitcoin is very volatile.

I can't believe Bitcoin had gone this far, from $5k to $63k then back to $32k. It is really amazing but the fear of losing and the emotions that are attached is really self weaking. It should be understood that there is big risks in investing and trading of Bitcoin which can really help us to pay close attention to it.

It is true that the price of BTC and other cryptos is going down. The price is still unstable and fluctuates, of course it makes many people panic. It's true that we have to be able to deal with it calmly even though our minds actually have to spin to think how to manage it properly. Think calmly and don't be in a hurry to make any decisions at a time like this. We also have to know that everyone faces this and we have to be able to handle it well if we are to survive. Don't let the assets you have just let go and make us surrender to get losses. That's not a good thing my friend. It's time to spin your brain and focus on the goal here so you don't get intrigued by the current crypto market.

Bitcoin price has grown big in a short time period. My mind always think of small holdings that I wasted unwanted believing on multiplier schemes and other scams without doing proper analysis. Maybe I would've got few thousand dollars in BTC and ETH if I've kept hold of those. It pains me, because when the price was low the amount I wasted looks small and that consoled myself. Now it pains a lot, because to earn such an amount is not an easy thing anymore.

There are many people who have suffered miserable losses, but basically they have suffered in the same way:
Be bold and blindly allocate funds.Their loss is entirely due to the mismatch of greed and ability, or trust in their own gossip.
Frequent transactions.This is the characteristic of many people, and they can't control their hands every time. I have always wanted to trade at the beginning of the market, but frequent trading means more and more mistakes and more and more impatient mentality. Increase the handling fee.
Then they will form a loop. The more trading errors per month, the greater the loss. When a businessman loses all basic living expenses and his family does not support or understand, he borrows money from friends. When the borrowed money is lost because of investment, he feels guilty towards his family and friends. People have limits. This guilt will drag you down until you collapse. Desperate to myself and want to commit suicide.

For all investors who invest in cryptocurrency, buying cryptocurrency with unimportant funds is very safe and stable. Even if the currency plummets, it will not affect people's normal lives. If you spend more or all of it, your assets may affect your life. Unable to withstand the tremendous pressure, it often leads to tragedies. Therefore, the assets you invest in are related to the rest of your life. Therefore, investors need to allocate positions reasonably and refuse to bet on all-or-nothing behavior!

I have seen that for traders and speculators who deal with big amount it is a nightmare as bitcoin always jumps and drops big at times. So you take huge risk and at times on rising times make money else lose big too and not all can handle this stress. For long term investors it is not that stressful because we have seen the roller coaster ride from years now and know in the end it will bounce back.

Mental is number 1. If at this time you fail and then stop then your mental is weak. I don't really think about how I lose, actually playing in crypto can't keep profiting. We only practice risk management and mentality is the main source. If you lose it is a risk, your mentality must remain the same. Please fight and continue because if you stop you will surely fail. If you continue amka there will be two options fail or succeed. Because honestly many friends have lost money but they still smile and believe their money will come back soon. It's just a matter of our patience and foresight.

Once you invest in crypto there is always that mental connection and edge to see how price is moving, and the problem with the times we live in these days is that we have too much time on our hands to check on price frequently .

I think the only way to avoid this is to keep yourself occupied with other activities.

Bitcoin price and mental health is actually a very serious topic, and many people ignore this issue. What I want to say is that a good attitude can determine your investment IQ and EQ.

The most typical thing is that when Bitcoin falls sharply, it is easy to have extreme panic, eating poorly, unable to sleep, inner anxiety, and uncomfortable. At this time, people have lost their principles and the most basic market judgment ability, and often make mistakes. decision. At this time, your buying is the beginning of a decline, and your selling is the beginning of an increase.

My opinion is that three kinds of people are not suitable for Bitcoin (the current state of Bitcoin)：

• The first type of person is obsessive-compulsive disorder, this kind of person is more obsessive, and their eyes can't wait to leave the market chart for 24 hours. Such people are often victims of the market, and one day they will obediently hand over their chips.
  
• The second type of people are those with extremely low psychological endurance. They are timid and easy to flee the market without faith when the price of Bitcoin plummets. On the contrary, those who cannot withstand the temptation, those who do not have principles and persistence in the process of rising, often miss the most beautiful rainbow.
  
• The third type is people who have no faith, just follow the trend, do not have their own analytical and judgment ability, let alone emotional intelligence, long-term possession is impossible for them, and it is vacillating. If you don't have this determination, please leave Bitcoin.
  

Because of Bitcoin, the mentality collapsed, and some people even lost their lives. This kind of news is not rare. In fact, I really don't want to see this kind of tragedy happen. If you are among the above three kinds of people, it is recommended that you contact a psychiatrist in advance to take a simple psychological test. If you are not suitable, I do not recommend that you participate in Bitcoin.

This is very common for novices, and there are some relatively large investments, which may not be able to withstand very well. We must not invest all our money and don't put eggs in the same basket.
Communicate more with friends and family, and analyze the market with friends.
Don't take out loans for investment, and don't borrow money from friends to invest, just keep your mindset.

the price of bitcoin skyrockets but you do not sell bitcoin you choose to hold bitcoin even you hold in the long term I think you are one of the people who hold your principle not affected by the price because your economic needs can be met in the office so you make bitcoin as an asset for the future.

If you don't have money on your mind as first priority then the changes or fluctuations in prices won't affect you negatively, you only see it as it is and you only see the positives of everything. Mastering emotions is difficult but with enough practice, you will be able to get through it and it will be fruitful once you finally did it.

I did heard some suicides that happened during the crash of 2018. Well, many of crypto experts know that the crash of 2018 is merely a correction. If these suicides were true then I do pity and wished these did not happen. I think it is our duty being responsible crypto enthusiasts to guide the newbies and those who are new at cryptocurrency to give them the proper guidance and proper information that will help them make the right decisions in trading and investment decisions.

Is encryption-related suicide a real problem? (https://www.jumpstartmag.com/are-crypto-related-suicides-a-real-problem)

This problem is already very common, and I often see similar information. I want to write about the seriousness of this problem from two aspects (heaven and hell are just a matter of thought). Satan is the devil, and this devil is human desire.

Speaking of this problem from an objective perspective.

• Bitcoin runs 24 hours a day without interruption, no breaks, no holidays, unless the end of the earth.
• The extremely large volatility of the Bitcoin market price, especially when heavy warehouses enter the market, can easily cause psychological trauma and complications.
• The Bitcoin wallet address is lost, or the Bitcoin is transferred to a wrong address.

From a subjective point of view (Bitcoin participants)

• Without a sound investment plan and investment strategy, many people put all their eggs in one basket.
• Bitcoin participants have relatively low psychological resilience, impatient and easily irritable, and often have no EQ and IQ when their emotions are out of control.
• Those who follow others do not have their own cognition and knowledge reserves. They do not understand that cognition determines wealth. Fortunate wealth will eventually return Bitcoin to market fluctuations.

I hope everyone can have a good attitude towards Bitcoin. This is not only an investment activity, but also a belief.

Suicide in investing is common. But for crypto is a real pity. The only thing that can be done is not to be ignorant, to overdo it, to leave a path to retreat. Some people are not confident enough and knowledge about the market always causes a negative influence. I do not expect to see this number increase in the future. Lol
Ensure health - maintain state by healthy sports entertainment to relieve pressure, depression. Although I also smoke a lot of cigarettes sometimes when the market has a lot of big holes.

It is difficult for you to make money from things that are outside the scope of your knowledge. You have to consider many issues before you want to invest.
Like investing in Bitcoin, you can’t understand Bitcoin, don’t understand what consensus is, and losing money is not accidental, it is destined.

• I think it is very important to invest the principal without pressure. If you are borrowing money to invest, then your money may be forcibly withdrawn at any time, which will affect your transaction.
• controlling the risk. Take profit and stop loss are necessary conditions for long-term survival.
• Maintain a good mentality, any investment that affects your life bukequ.If you insist on investing in Bitcoin in the long-term, then short-term price fluctuations should not affect your mood.For example, on Black Thursday last year, the price of Bitcoin plummeted, and many short-term players sold one after another. In this kind of loss, such short-term players are more likely to buy when the price rises, sell when the price falls, and buy back at a lower price.

Short term investors are losers in market crashes. Last year in March, this year in May, June and July.

They are losers because they don't really believe in future of Bitcoin. They only begin their investment with greed and lack of knowledge. They are fearful with market crashes and if they are leverage traders, they don't have chance to choose between selling or holding because their margin positions will be liquidated by exchanges.

After market crashes, long term investors get richer and they have more power to manipulate the market in the future.

Short term investors, traders and losers are fearful when price dives but they are greed when price soars. They do oppositely to long term investors.

People, just relax, that is my advice.
First when I first started with Bitcoin, about seven years ago, I was focused very much on price. But with time and experience, when I learned how Bitcoin is functioning my attitude changed.
Now I'm not watching the price all the tin, unles I'm trading, I'm aware of volatility and fact that Bitcoin price moves both ways. So, it will not fall but neither rise all the time. Learn to adjust, to be flexible with your portfolio.and everything will be.much easier for you.

Ever since i joined crypto, i am wondering how day traders who do this for a living survive the stress which comes with crypto. If i had vast amount of my and somebody else money on the stake every day like that, i would go crazy.
I am luck that right now i cant really go into minus, because i entered so early, but i can still remember early 2018 massacre, when i probably lost thousands of hair.

Well, most traders are already pro. Pro when it comes in trading, handling emotions, asset managements etc. so they are well prepared. And also, REAL traders are those who are not just simply jumping into something without proper analysis conducted such as TA and FA to at least avoid higher chances of losing money. So I believe pro traders won't get mentally affected by whatever will happen in the market.

For me, only those people who are not prepared on things are the ones who will get mentally affected by what is happening around them, whatever it is, crypto related or not.

We are actually the ones who put ourselves on a certain situation we aren't sure and that soon we can longer handle  Which might lead to depression, mental illness, suicide attempts etc. So how can we avoid it?

Let's all try to equip ourselves with knowledge when it comes to crypto trading, and become emotionally strong. Because tbh, no one can help you unless you help yourself.

As traders and Bitcoin holders, our mental health is really being tested, because a very sharp decline like now will make us mentally fall and we really have to think clearly so as not to panic sell. When a big loss befalls us, of course we will feel suicidal, especially if the trading capital uses a loan. For those of us who are new to the crypto world of course this often happens, but for experienced people this may be a natural thing, Bitcoin price volatility is unavoidable but we can get through it by staying calm and focusing on trading so that we will get a good opportunity. good. Okay, for profit.

We talk, and discuss about Bitcoin’s price and our mental health, but what about the price of Bcash SV and HIS mental health? Hahaha.

https://pbs.twimg.com/media/FFBb1vUXMAAkuXK?format=jpg&name=large

Bcash SV’s price is so frustrating, that it’s making him say things that even his own people, who are crazy, think are crazy. 8)

This post was made roughly 8 months ago but is still very timely. Thank you for this encouraging post. It is surely a great reminder for those who are going through a rocky patch now that we are currently in the downtrend season of crypto.

Entering crypto is a great risk. You should know the basics and fundamentals first before diving into it to avoid regrets soon after. It is not for the faint-hearted and weak minds. Someone has to be mentally and emotionally capable to handle all the paranoia. stress, and anxiety whenever the time isn't in our favor. That is why I salute every one of you who still manages to smile and be optimistic in these times of crisis because clearly, it isn't that easy to accept sudden losses. Regret always lingers, and it would be really bothering, most especially if it involves a large amount.

However, you must not be carried away by these negative emotions. Don't let it overtake your life and destroy you. Instead, use these kinds of unfortunate events as a learning experience that would equip you with knowledge and wisdom in doing crypto. Just think of it as a charge for experiencing your lesson well so that in the future, you could avoid similar and unpleasant instances. It would be hard to accept, but you could do it, step by step. Because after all, what's "lost" is already lost. We just got to move on and do better next time. And the next time we are doing things, we would apply all that we learned in our past experiences.

Now that the prices in the market went rock-bottom, consider it as a great opportunity to buy coins with potential. Make sure to do your own research of course and to still only invest what you can afford to lose. If you are still feeling unwell, you can try to open up with your trusted homies, so that your burdens will be lessened. If you don't have any, I suggest what OP mentioned here which is to contact hotlines that could cater your needs. Best of luck to all of us. I sincerely hope we all make it to our goal.

When you decided to deal into this market then you should really prepare yourself into something like this on where you should really prepare into situations on which you do really need to be that serious and wont really be that stressful but i could say that it cant really be avoided because
this is how market works and how it moves which it would really be for you to be emotional but you should need to be that able to control
on everything because if not then you might really be ending up on suicide.

The drop in the price of bitcoin, eth, and other crypto coins fortunately has not had much of an impact on my mental health. Because from the start I always chose to play it safe in the crypto world because I realized that the stronger you hold, the more your heart will be bound by the sense of loss.
On the other hand, I applaud those who are able to survive in this difficult situation, only those with a steel mind who are able to think clearly and logically in this situation. This is just a storm that will pass soon, for those who are badly affected you need to be strong and don't give up hope.