Bitcoin Forum

My oh my! Since a few days back my blood pressure has being spiking higher and higher, seeing the price of Bitcoin doing a freefall. I know its prudent for an investor not to panic when the market falling, but I can't help myself starting to panic. I believe that it'd be sensible for me to sell all of my Bitcoins and wait for a suitable time to reinvest.

If you're panicking because of price drops, you either don't know what you're investing in, or you're overly allocated.

That, or you really just don't know investing in general. Because price drops aren't out of the ordinary for literally any asset.

The falls of Bitcoin in past several days are not freefalls. You have to define your free fall.

I'd prefer to call the fall in March 2020 is a free fall but this year, no free fall has yet appeared. In 2020, people were uncertainty about the bottom of Bitcoin, the probability for Bitcoin to touch the 2017 all time high and more. Many other doubt with serious uncertainty in 2020.

This year, the bull market has its time to cool down hot and greed heads. Corrections are not equal to free falls.

The market cannot grow forever. Even securities or gold, real estate .... there must be an increase and according to the cycle. When the Bitcoin price decreases what I see with professional traders they often divide the amount of capital to buy in different levels and start long-term Hold instead of selling off their property in the falling market.

MK, Isn't it a bit wrong to suggest that investing entails that any other asset will have similar price drops?

Bitcoin is unique in that it tends to go through these phases of FUD and potentially huge drops. The most recent FUD is sponsored by Elon Musk and his band of followers who have bought into DOGE. Everytime this happens, the Bitcoin community of devs and creators end up proving that Bitcoin is indeed irreplaceable as the sound money for this whole crypto ecosystem. That is when people come rushing back in and these drops are reversed.

So, rather than just seeing this as a basic investment faults, newbies should be encouraged to research the history and fight the FUD.

It is now too late to sell bitcoin when it has dropped in price to the current $ 43,000. It is foolish to sell when it has already dropped so much. Now has come a period of great correction, which many have been asking about for a long time. Perhaps it will drag on for the whole summer or the market will recover in one or two weeks. It will be seen over time. However, the next wave of growth is sure to come, and we will surely see it this fall.

How much is the price of bitcoin when you invest in it? Because if you will sell at loss now, its just shows you only waste your money for investing in crypto since you're not prepared for times like this.

Its quite normal to have worries if the situation is not what we expected it to be. However if you take time learning about how crypto works (the moment you first invest) and aware of the possible scenario that can occur then you're not going to panic. For most of us the best decision now is to hold and take advantage the correction to buy more. Thus think whats more beneficial for you to avoid having regrets.

Anyone who has been into Bitcoin since at least 2017 will be familiar with the
current trend. What is going on now is just a correction, its normal and it happened
in the 2017 bull cycle too, yet here we are in 2021 up at $45,000 - what does
that prove?

OP has to realise we may go lower but in a few weeks we will be leaving these
"low" $ values behind.

Dont be weak and sell now for others to buy your Bitcoin cheaply - HODL

You haven’t lost anything until you sell. Once you sell you no longer have the opportunity to grow that same bitcoin value back to where it was pre-Elon nonsense. Most people who sell in down markets end up waiting too long to get back in as well, therefore the vast majority would have been far better off weathering the storm.

It sounds like your portfolio needs restructuring. I’d recommend reading my write up here (and GMaxwell’s post which is the last in the thread. Of note: he’s a legit cypherpunk/former btc Dev) - https://bitcointalk.org/index.php?topic=5288768.msg55577767#msg55577767

That or the price dropped and the FUD campaign begins its work on social media again with continues negative posts about bitcoin. There are 14 FUD related topics in the first page of this board alone today!

This is happening after a long. In recent months people are much positive about the crypto market and more new players got in. Now the opposite is happening, and price correction/crash is common with every form of investment. After a long this is a massive one, and this time is there any possible chances of price falling low to $25000.

Hi,
It's easy to say, nah !! this is normal, you do not know the crypto market (!?)

But undoubtedly  it is instinct to present FoMo when that instinct is not trained for such situations and you may know it, read it, understand it but in practice you will Break mind, when faced with the reality of any bitcoin down, man it's a roller coaster ride that isn't for everyone. The first trip is always the hardest

One thing is to read the historical data of bitcoin and another is to live them, the break of 2017-2018 is undoubtedly for those who lived it strength today.

Today you live your BreakMind, if you overcome it it will be your strength for the future.

G.B.

If you are this sensitive, the best for you would be to sell and never look back.

Bitcoin price fluctuations can be wild and some just cannot handle that. And you seem to be part of that category. This means that it's better to take care of your health, even if this means you may be losing now some bucks and may be missing the opportunity for some easy money at some point in the future. Because if your blood pressure cannot handle this, it may not handle well also a (hypothetical) jump to 90k and another (hypothetical) fall back to under 50k or even under 20k.


On the other hand, those in this market for that long will not be scared that bad since even if it falls to 20k they're still on profit. That helps by a great deal to have a certain peace of mind, no matter what happens now.

What's the chance if all FUD in this forum were made from the Elon Musk and Tesla team :P Looks like many peoples want to make the price more cheap to buy every dip.

Elon musk aren't understand Bitcoin generally, how can he said Bitcoin is centralized LOL and same with those peoples who believes him. Many people didn't learn and understand first before investing, all they know is to get profit from the volatility.

That's "suitable time" is right now, you'll regret for sell all your Bitcoins.

Patience and strong nerves characterize real investors. Ask yourself what can I do now? Selling on a fall is not a very correct action. Just get distracted. The market cannot always be growing, many were expecting a fall. Now, as Robert Kiyosaki suggests, on the contrary, is a good time to buy bitcoin. Big companies, if you noticed, keep buying. And this means that not everyone can panic and react to every word of Musk, to his regret.

My take: people, mostly newcomers, 6-months old bitcoiners or something like that, are not going mad because of the massive drop, i bet most of them are losing their minds rn cos they're starting to realize just how easy it is to manipulate the price if you're a top influecer like Elon and that's scary if you're new in the market

Sure they prolly they knew about whales, volatility and the massive swings in the price, but they probably didn't know how a few tweets can easily crash the price overnight. Not only is that actually an extraordinary event (a tweet causing a shitstorm in the cryptosphere), it's fcking insanity to new crypto investors and hodlers that such thing can happen and there's nothing we can do about it

Don't panic, you can always click the sell button if you think bitcoin will drop more.
This is normal, we are not seeing a bull market all the time, a correction happened and we are seeing this kind of big dumps.

Just be patient if you are for the long term, but if you are for short-term investing or trading, betting convert it to stable coin now and just buy when bitcoin will dip more, I have a feeling it will go down further.

This really isn't anything new with investing in general, because FUD and huge drops occur in certain stocks as well. Just a lot less compared to BTC. It's just that the negative press comes in different shapes and sizes; whereas in this case, Elon ends up being the culprit.

Alternatively, they can press the buy button now that the prices are going down and it will be much better for the long-term hodlers since not everyone has a strong hands in terms of hodling . I don't get how people have been advised for a long time about being patient but they still don't do it, makes me wonder how stupid an average person is.

I never did understand how people who call themselves full time traders or pro traders panic. If you're pro, you're stop lossed. You know where exactly you enter the market, and where exactly you exit, and you have different stops for both sides of the sell and buy, and allow the market to settle those things for you.

Speculation is not investment also, not necessary anyway.

Bitcoin's price drop has been predicted by traders. We should accept the truth and have a reasonable way to adapt to the market to survive and be profitable.
Bitcoin is in free fall, at some point, it will stop falling and rise again. I don't worry much about the market because I know how it works and takes risks in trading.

What do you think is "a suitable time"? Because you need to have a plan, otherwise you'll end up selling at the bottom where you have the highest angst. This is not a financial advice but i think that this is the correction we have been waiting for. And it's much more profitable to buy the dip then chasing it late every time it goes back up.

Don't look at the daily prices. That will only push you to dump all of your bitcoins because your having an emotional panic and that's really normal if you've experience this for the first time and you're not used to it. In the beginning, what did you planned? are you a short term buyer and you've planned to sell it whenever you get 5%-10% of profit? don't panic or else you're just going with the market with your FOMO and panic which will lead you to more losses and will eventually make you quit.

Right. Bitcoin is in free fall. Bitcoin value is going low during this period. Is there something unusual here? You should exercise caution when investing in bitcoin at this time. Due to the impact of the world economy, the covid 19 pandemic is breaking out strongly globally, especially in Asia. It has had a dramatic impact on the bitcoin value. You should ensure your safety during this time.

Real bitcoiners never panic when the market is falling, it is newcomers who are doing panic selling during a sudden correction. Real bitcoiners are happy when the market is dumped because the market gives new buying opportunities at the time of dumping. Also, professional traders & swing traders are fixed the part of their profit and waiting for a big correction, A hard bounce from 42000$ is giving a reversal signal now, I think now it is a great trade opportunity for new comer.

It couldn't be help specially if you're new in crypto investment or you invested too much in it.
Either way if it is causing too much stress that is affecting your health I suggest to take a break from it,
You could earn the money but your health is more important than it.
You would either get use to it because having a price drop is normal in crypto or just invest what you really could afford to lose don't invest too much if you couldn't handle it.

Our goal is to invest in Bitcoin to make a profit, so when the Bitcoin price falls don't panic and sell it. Better HODL our Bitcoin than to sell it now,
even if we have extra money, it can be used to buy Bitcoin again. If we want to sell Bitcoin it should be when the price is above $ 60k,
selling Bitcoin now in my opinion is not a good decision.

Don't even look at weekly or monthly prices. They're all a waste of time in the long term, or even in the medium term. If you're into Bitcoin then you must know this lasts in repeated cycles, with very little time spent in the top and most of it spent in the bottom, and in between all kinds of high extreme volatility.

Just chill and live life normally.

I agree with you that bitcoin is in free fall currently. There is no unusual I guess since it's normal in bitcoin to change it's value. The only unusual is the duration, I observed the fall is quite long. I'm from asia and right, this pandemic really hits us hard economically and up until now our country is not recovering. It's not the right timing right now to invest in bitcoin here in us. All asians should be extra careful during this time.

Just another bump in the road. So expect the unexpected, we thought that we will see a new all time high this May, but so far the market turns bearish. But it doesn't mean that we are not going to get into 6 digits at the end of the year. I still think that we are still in the bullish cycle, we just hit a big wall and then a lot of negative news as of late. Just be careful though, as Asia is really hit by the second wave and hopefully everything will be ok.

You have the wrong attitude on investing in Cryptocurrency, you have been warned to only invest what you can afford to lose, and never take a loan to invest, people who are not comfortable with their investment will show sign of anxiety, if you want that anxiety stop, then start selling, it's better to lose and have a peace of mind.

Crashes in price are the worse trap for new investors. I believe their impact is even worse than scam offers for investors who lack experience in the market, as they cause a more severe damage on investors' psychological and for many it's the end of their investments in crypto, losing the long run profitability of bitcoin, as we have already seen in past years investors acting like this.

Yesterday the news said fearful and scared new investors were already selling all their bitcoins due to the crash in bitcoin price, while older investors were already buying these bitcoins, because they know it's a great opportunity to collect more bitcoins for a good price. So, don't panic, never.

It is not that he is in free fall, although we remember what Brandt the Bitcoin investor said that it could be that the price fell by 35%, which for him was something very natural, and that's right, in a market this type is normal correction, in a Cointelegraph analysis they were very accurate about it:



https://i.imgur.com/xV378Rq.png
Source: https://cointelegraph.com/news/top-5-cryptocurrencies-to-watch-this-week-btc-xrp-dot-xlm-sol (https://cointelegraph.com/news/top-5-cryptocurrencies-to-watch-this-week-btc-xrp-dot-xlm-sol)

It is necessary to highlight that the price of Bitcoin has shown some recovery, at any moment we can see the price in green again ...

It's not the only case with Bitcoin as price dips are very normal in this crypto market and we have seen worse than this.Panic selling is just for weak investors.

So what I want to say is that fiat has lost its value much higher compared to bitcoin with rising inflation and its robbing you day by day but nobody utters a word about it? Bitcoin on the other side which is deflationary witness some normal dips and correction then new investors blood pressure tends to rise so easily.Imagine you have saved $1000 in 2010 and now that would have valued to $100 only compared to inflation rates and same investment in Bitcoin would have turned to $35 million today!!! Just imagine the returns and try to remain calm instead of eroding away with FUD in the market.

It is up to you what you do with your money, however something that is not mentioned a lot but that is really important is that there are days in which it is better to not trade or even take a look at the markets and just go outside and do something else with your time, if you keep staring at the charts when the market is going down you will get the symptoms that you are referring, it is because of that many people give up trading even when they are winners as it is impossible to deal with the pressure for long.

Interestingly it is neither about money you can afford to lose, nor about taking a loan, nor about anything financial, it's all about the person who trades/invests and as long as they are good, they are good. For example, I have a friend who is super super rich, and he invested over 2 million dollars into crypto and now has about 800k, all because of his own mistakes, of course that was a "small" amount for him, even for him it was a decent amount and he got upset over it, but it didn't change his life, he could afford losing that much and still live the same life.

I also had a friend who had 4k dollars when all this started, he has over 120k now thanks to all the smart decisions he made. Both of them are smart people, one of them is smart enough to have 2+ million dollars just to invest, and the other is smart to get 4k to 120k, but investing requires different mindset.

You're fully aware but still you do end up on considering on panic sell and wait up for the right or suitable time? If i were you then its better not to see the market or check out often

because the more active you would be checking out the more emotional you would be.If you are really going for long term with Btc then wait up for the recovery because bitcoin

had already proven out on reaching new points unexpectedly.As a human being i do understand that not to panic is really hard to sustain in one self when you do saw your portfolio
is falling down or in negatives.

Why reinvest when you can hold and accumulate more Bitcoin during the dip?
I'm not sure what's your target, but I guess your target hasnt reached yet because you weren't able to sell at $60,000+. So, again why sell, when you can hold and accumulate more during the dip and reap all your ROI once you hit your target in the next bullrun (though we're not in the bear market just yet).

It would be more sensible If you keep calm and accumulate. If you're not yet aware, Bitcoin is such a highly volatile asset that it could literally jump a few thousand dollars in 1 day, and this kind of "free fall" you said is just a normal price movement. You can't expect Bitcoin to keep rising and rising every single day. Corrections and dip are inevitable because some are selling at a certain point of Btc price.

I still rate this as a normal adjustment in BTC and its not out of the ordinary to occur, it might not be a sunny day but thats to be expected after such rises.  It can recover to higher prices, it will take time to do so.

We are bearish while closing below the Feb lows like this, on the daily right now and also see the end of this week for further reference.
https://talkimg.com/images/2023/06/12/AVUuG.png

We haven't reached the 200 day average (41k area is closing Jan price) and to do so is just an expected event, when it happens wasnt known but sooner rather then later appears correct for now.   It would be a desert if it was only ever sunny days :p   Avoid being one sided or short term in outlook, lower prices can encourage some to enter the space who would not otherwise during non stop higher price tag increases.

Im going to throw down a larger chart, because people dont like me chopping off dates but also its a larger move so Im surely allowed in proportion; this is the correct perspective 8)

Lmao, this post is like the embodiment of weak hands. Not even a -30% dump and already panicking like crazy.

You should be honest with yourself in terms of why you're holding bitcoin in the first place. If you can't answer that honestly, or if your answer is merely to make money in the short run, then I do think that right now is probably a great idea to cash out.

That's not to say that BTC won't go up in the long run - it is almost guaranteed to, but if you don't have a valid investment objective to begin with, you're simply going to panic sell when you get an even worse price following a dump.

You need to calm down and not panic because it is a correction that always happens to the bitcoin market.
This time, the correction happens with the bitcoin price drop, but as I said before, you do not need to worry.
It is a good time to buy more bitcoin if you have money because the price is low, and I think it will be hard to see this price in the future.
If you want to watch the price up and down without buying any bitcoin, you are free to do that.
You do not need to sell all of your bitcoin because you will regret it later, especially when the price is increase.

BTCUSD down to 19800 historical trendline dec 2017 and weekly MA200 ..Hope I'm wrong for many of you..

Take it easy my friends. We must surely know that deep crashes are very normal on crypto and what more to say defi and alts that have been rising non stop now for a few months. This was always coming, and better it comes now and builds us a strong foundation to continue the growth rally if that is really what is coming now!

Take the dips as easy as we take the growth and we'll be fine long term.

We are now at below $40k but the market movement still unstable, we drop at $32k but for now, we even get close to $40k. I think that many investors still calm and they are not selling yet their Bitcoin, they are still holding it hoping for another ATH if the market will surge back high again. I was saying that these new sets of investors fully understand the looks and volatility of the market. And they might realize that the moment they participate in the selling, the more it fuels the downtrend.

Prices have started to go up now as fallen till 33k and now above 38k so good time to invest if you have some money. Doin the same and the rise could also happen quickly just like the fall to an extent so in short term you can make some good profits like 5-10k in few hours or days only.

You're not.

Hold bitcoin is only for people who buy when Bitcoin is cheap, for example when it is at the price of $ 10k or $ 20k,
of course there are many people who sell when Bitcoin reaches $ 60k, yes the profits have also been many, although many mass adoptions are reported,
will but everything can be traced, such as the declining dominance of bitcoin, this is a sign of the next downturn in bitcoin prices

Do not be so hard with the guy, I know that the first time I got to see a drop in the price like that I was still relatively new to the market and I got scared as well, this is a trial by fire, you either endure it and get stronger because of it or you leave the market and never comeback, either way he is going to learn a valuable lesson about himself, I personally hope that he endures it as I do not like to see newbies coming to the market and then get crushed immediately, and if he survives this then I can assure you he will become a holder and get strong hands to the point no drop in the market will generate a reaction on him anymore.

if when you buy, as you say, it is still priced at $ 10K- $ 20K, and so far you haven't sold it because you want a higher price, of course it's better to hold it. because the correction is too deep, it can be ascertained that this is only the influence of bad information that is developing either it may be the influence of @elonmusk or being banned in China. we cannot conclude all of this yet, and indeed it has.

but if we believe that there will be an increase this year then we don't need to worry and stay strong in seeing situations like this, because excessive panic can make us not control ourselves and can be detrimental. believe that improvement until the end of the year can still occur and we must believe in it.

You could say that BTC is not in free fall, for now it has a price in recovery, it is going for the 9.50% recovery, but it is down much more than the 35% that many had predicted, some bears were waiting for the price at $ 27k but the smarter bought in the fall, this analysis is short-term, but a recovery trend is forming, possibly bullish:

https://i.imgur.com/IrpdA8T.png
Source: https://u.today/btc-eth-xrp-and-ada-price-analysis-for-may-21 (https://u.today/btc-eth-xrp-and-ada-price-analysis-for-may-21)

If this continues, the trend that many expect to be bearish is further and further away.