Bitcoin Forum

Bitcoin plummeted again on September 7 2021.BTC dropped by 54.7% on March 12 last year, by 12.54% on September 3 last year, and by 29.99% on May 19 this year. And 18.65% on September 7.
There were four reasons for the fall on September 7th:
1,The fall in US stocks caused Bitcoin to fall at the same time.
2,Singapore regulation.
3, SEC wants to sue coinbase.
4,It is related to El Salvador
Are you scared？Is there any hope for the future?

What dump?
https://i.imgur.com/zH8iT1G.png
Cant see anything.


So what? Every day some country is saying something about bitcoin. No one really cares untill its US.


Fake news. SEC does not wants to sue coinbase. SEC just worned coinbase not to launch savings products.


Buy rumors sell facts. The only thing that may trigger this sell off, from the list you posted, but it was just a trigger event. Most of the dump was done by overleveraged positions and no big correction since 29k (no strong support to stop at).

I'm not even feeling scared with it dude. Those bad news were just another FUD and so many times crypto were able recovering again from the impact caused by the FUD by so many countries and parties.
There is any hope for the future and don't you even see the good news that just came to the market if more and more countries were legalizing bitcoin? Why are you just taking the bad news? it's unfair and this dump was a common thing in the crypto market. You must wait a few weeks and it may recover again as soon as possible. I have experienced with so many bad news since a few years ago and this is nothing.
China was also trying so many times to ban bitcoin and crypto but this is internet when anyone has freedome to access what they are thinking if that will be very usable in the future.
Crypto will always have a bright future no matter what will be happening.

I am not scared at all. The main reason for that i that i only invest pretty small amounts into crypto and even if i lose this money completely it is not really changing anything in my daily life. Of course it would be very annoying for me, because i invested to make profit of course but it would not really have any effects on my life.
The recent dump of BTC was pretty unexpected for me and i was also surprised about how big and fast that dump was. At the moment it looks like the prices have stabilized again and i am pretty confident that they will start to grow again in a few days/weeks after we have seen a period of sideways movement.

I don't even worry, since I have already seen a lot of bitcoin dumps, since I have been in the cryptocurrency field already very long time, so I know that after dump there will be another bitcoin pump and pump of the entire cryptocurrency market, and also now bitcoin is trading at a price of 46k$, so for now we shouldn't even worry about the fact that the price of bitcoin or other cryptocurrencies has fallen, but when bitcoin will drop to 30k$, then it will be possible to start worrying, but all the same, in the end with bitcoin and the cryptocurrency market everything will be ok.

Why should I be scared? I've been and gone through several bear markets that were even more painful than the current one that had happened. I don't think that I have to worry about such and it's better than the past that's why it's not bothering nor worrying me. If you sell now and panic, you're just going to regret this move in the near future. Maybe count from 1 to 3 years and you'll see the importance of being patient and trusting to bitcoin because it has happened before.

SEC suing any crypto platforms won't have impact on the market, long gone are those days and now SEC impact isn't that effective anymore, to me that's not a vital point and all I see here is just normal correction, presently BTC is over 46000$ again, this is the way crypto market works remember SEC Vs XRP? Still XRP grows over 1.2$ while the war was still on

Nope. Not scared at all. In fact, I am grateful it's the end of the year in a bearish run expect a bull run early next year or maybe at year-end.
Let's not jump into our emotions and be scared, be your calm and collective selves in check

I am not afraid of that because I believe it is just a correction for the bitcoin price. After this correction, the bitcoin price will start to increase and jump to the higher price. We have been given a good time to buy back Bitcoin at a low price. Although that price was at $45k-$46k, it is still a good time to buy more bitcoin.

I believe there is a hope for bitcoin to rise higher in the future and that is not for bitcoin but that is also for altcoin because some altcoins will increase in the future. I hope you do not feel afraid and can still stay calm waiting for the bitcoin price increase.

Everyone has implemented a strategy in every investment and trade, so there is no more "fear" when they start, because everyone who has already lost will always apply different steps to avoid further losses even though the risk is always there.

All these are fud and of course they look coordinated because all came out at the same time range, so it is no surprise as that is one of the things everyone getting involved with crypto must understand and live with. What baffles me is that, all these years they keep fudding Bitcoin and the crypto space with all sorts of threats and all whatnot but yet the crypto market keeps growing while Bitcoin keeps getting expensive, that is to say, all these fuds are just there to create entry for those piloting it, thus it's left for people to understand the potential in this space and stand by it than always dumping cheap.
So to answer your question, I am not scared neither am I moved, moreover the interesting part is that, most blockchain coins like SOL and its tokens seems not to be moved by all these fuds and so on.

nothing to be scared mate because it's very obvious that the bullish season is totally over wherein it's time for bearish, but still no need to worry because there are some expert analyst that saying this situation will not go further like what happened before as the winter is coming, and for your information it's usually a bull run for crypto market.. On this situation probably a correction and soon there will be a big sign again of the  uptrend.

If you are buying crypto as a short term investment, yes dude it looks scary. But look it as a long term investment and you will see a great rise during past years. So no I am not only scared but also try to diversify my bag. Of course, apart from BTC, the alts like ETH, ADA and LTC are very good for long term investment. They are well-established coins and has already stood the test of time. Another altcoin I pick and I think is worth to hodl for a decade is this promising gem called XSN. I strongly feel it has the chances to drive real-life adoption.

Nothing to scared with :D. I already saw multiple scenarios like this and there is nothing to be scared of :D.
Maybe those weak hands and newbie investors feel panicked yesterday causing them to sell their holdings and because of that the market went down double digits.

Well, if you are here for quite some time you will see that after these corrections a green candle will appear and that is what is happening right now. After a short correction, a recovery happens and that is what is happening all the time. Correction then recovery and the cycle goes on and on and on :). No need to be scared of if you are a newbie. Just be patient, hold your holdings :).

Scared of due to those reasons, OP?
Last I read Singapore just didn't recognize cryptos as legal tender, but that doesn't make it as a ban. It is just not able to be used to the common transactions. It's not that bad at all.
Last time I recall, El Salvador recognized Bitcoin as a legal tender. Not sure what will make Bitcoin's price fall from that.

29.99%? Sounds a good buy for me.
There's nothing to be scared of, OP.

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Source: https://www.coinfirm.com/blog/singapore-cryptocurrency-regulations/

Such price fluctuation has been normal on crypto market. I've seen so much of those rise and falls and intialy lost so much on panic sell or buy that now I don't care anymore. I'm not going to have a loss unless I sell at cheaper price than I bought. I can just not watch the price moment. I'm spending lesser time watching crypto prices as I believe the ultimate trend of crypto market is upwards.

Well, it's always hope in the future. We've seen new ATH's this year. After every crush BTC goes up again. And if you look to the whole picture you'll see that BTC doing great. There is no reason to panic or be scared. Even if BTC will crush soon.

https://bitcointalk.org/index.php?board=1.0 move this post to bitcoin discussion board.

If I am not scared then I am not because I don't have scary amount of Bitcoin to mourn over if Bitcoin drops, although I have not seen Bitcoin when during the times people can't get over -the unforgettable times of early adopters- but so far this year 2021 has been an exciting one for Bitcoin, I think there is nothing to be scared of for 2021 early buyers except those that bought close to the middle of this year and of course are short term investors. Am see a price of $40,000 at the end of this year.

Now we are used to seeing such drops and it does not scare us. We know very well it's highly volatile so there is no point in getting scared by the drop. This is the normal behavior of the market. What kind of hope do you want to know? If you are scared of such drops certainly you should give time to this market to learn more about cryptocurrencies behavior. No doubt the future is bright.

I am not surprised at all by seeing this dump of little decrease in price. :) Because I have seen when btc went from $20k to $3k. This dump is really xD if I compare with the 2017-2018 dump. So just think it is normal in crypto and don't panic also don't invest in shit coins. Because it's very sure Bitcoin will recover and rise more sooner or later but the max shit coins can not recover if they dump by following the trend of bitcoin.

No, I'm not afraid of any of that. bitcoin will remain strong and this will continue into the future. US stocks have no direct impact on the crypto market. and the SEC only deals with the coinbase, not with bitcoin directly. and for el salvador, isn't that a good thing? so there's nothing to be afraid of.

I am not scared because if we look the simple history of Bitcoin and other cryptocurrencies price we will see that this is just routine which happens lots of times.There is nothing to be worried as there will always be ups and downs in the cryptocurrency world.

I don't think stocks have anything to do with Bitcoin,nor new regulations of a single country which by the way is a very small country and no one cares what they say.It is not related to El Salvador but let's suppose it was in this case the fall in price is temporary and we should see some comeback because El Salvador is now a country where you can pay with Bitcoin in major food vendor like McDonalds,but as I said it is not from these events,it is just plain routine.

Recognize the conditions in which news becomes a deception for public
Scared ! of course not ,situations and conditions in a correction often occur
Hope ! we all hope for the best in the future with the fact that bitcoin can be accepted in the world community it has become the biggest hope for me and it happened now

Of course not afraid, because it is only a development of issues for the benefit of a few, and this often happens because of the news that crypto has been cornered many times, but bitcoin has never been lost, even if it falls and rises but does not arrive.
slumped as in the news media,
but once the issue improves then bitcoin will recover soon and the crypto market can recover from the impact caused by FUD by so many countries and any party

Dumps are common in the crypto world, but crypto persists and continues to increase both from the user side and from the trading side, what must be done is to find the right strategy to deal with the dump.

This dump is not related to El Salvador's making Bitcoin legal tender I think. Some people think in this way but I don't understand the reason. And when it comes to being scared or not, I'm not scared actually. Yes, the price plummeted in a very short time period but it is not against Bitcoin's nature. It is volatile in the end and we must always be ready for sudden changes. For now, it is trying to recover and it broke the $47k resistance today.

I don't feel the least bit afraid, let alone fear, because experience has taught me in the past years where things like this have also happened, bro.
 In fact, I think this is a good start, because we will see a bearish occurrence at the end of the year.
 And I firmly believe and believe that a new ATH will appear, and bitcoin will again increase to its original price.

I don't just to wonder why people are just saying on the negative side when seeing sudden drops, most they are panic and thinking for the worse scenario which I don't that really it happens.
I don't care how much it drops in the past few days, I'm not selling any. If you have just trusted Bitcoin during the Bullish season that mist also it happen during the bear season. But somehow, it is likely different and most people got into panic selling after hearing fakes news.

actually i'm a bit scared, September is confirmed as a bad month for the trend of bitcoin, it has undergone a significant decline of 20% just hope it will recover quickly, obviously the actions of the sec and the US stocks are somehow connected, but the market is cyclical and i'm sure that bitcoin will soon return to its own

It all depends on each person in dealing with this.
In the world of cryptocurrencies to rise and fall in price it is very reasonable and as an investor in the crypto world to respond to this is patient and calm.
If they panic and sell all the assets then the losses will be even greater.
Being patient and always keeping up to date with the latest information is the most appropriate thing in my opinion.

If you will be scared about these facts and doubt the future of Bitcoin then there is no place for you here.
Not trying to be hard on anyone but it's just stating the truth. Most probably you will end up losing more if you will keep on feeling the pressure and the panic whenever such movements happen.
First, Bitcoin is volatile. Before you even have the thought to buy it you should have researched for the risk included in it.
I'll probably be scared when it goes $200. Scared that I will be late to buy it and others will outrun me.  :D

You registered in this forum on February of this year so I understand why you may be scared about this, however for the people that have been here for a long time and were part of the 2018-2020 period of time in which the price of bitcoin did not moved much this is nothing, the price is still above 45k, there is no way I am going to panic when the price is so high, we will need to see an 85% for me to begin to worry a little bit as that is what we saw in 2018.

I'm not at all afraid of the current bitcoin price decline, I think this is just a correction and you should be able to take advantage of this situation well like buying when the market is down before the market recovers. because I believe that the price of bitcoin can improve in the near future.

Dumping of prices in crypto is just normal for a volatile market like crypto so we should be used to it instead of getting scared. It will only take some time and then eventually those coins with potentials will recover again. So take advantage of the market while there's a dump and sell it when the price recovers and reaches its peak.

Bitcoin has indeed a bright future to look forward to so let's hodl on to it and keep our faith strong especially in times that is experiencing its dump moments. But honestly, for now i really don't see bitcoin dumping that much as what it only had was just a little price correction that usually occurs in the market.

what are you afraid of? you consider it a dump after what happened a few years ago? I just take this as a normal correction and don't exaggerate it too much because it is precisely this that we can benefit from by adding content here.

Talking about regulations, I think that every day there are regulations from every country regarding bitcoin and until now I don't feel any impact with it :)
talking about the SEC I don't really follow the news with coinbase but I read through the news saying that the SEC's claim is not true (hoax) so I can't comment much because the news is still confusing whether it's true or not.

Come on man, not even close.  ;D
I was on my vacation and did not even check the trades closely. Suddenly saw the buzz on the forum regarding the dump then I came to know about market crash. However it was the movement when I had extra beer because I knew I can buy more coins which I always desired including bitcoin obviously. This is how everyone must think in the bitcoin industry. Look for the opportunity to buy more in this industry rather than getting crazy about it. There have been so many instances like this, so many crazy crashes like this? Just be strong and invest more which you don’t need in real world.

Lately, there has been a lot of speculation saying that after the price fell, they did a bull trap as if it would give the price going up again. But as long as it's above $45K and above I'm still pretty sure it won't be facing a bear market for long. If we refer to emerging issues, of course we will also continue to be careful and avoid the market.

$46,320

price at the moment and this is something cant be called a dump and rather these are just simple price swings or ordinary days and theres no such thing that news or sentiments could
always give out market movements precisely but somewhat these are the things where people do make it indicative for them to make a move.

Scared? If you havent prepared yourself for the worst then you would be commonly have this kind of  feeling.

As you yourself noted, such falls occur constantly, but also constantly the price returns to its previous heights. If you decide to invest, you should not be afraid but analyze.

I never noticed any kind of important dump the past few weeks, even if there were, they were quite insignificant. It's all part of the game, prices constantly fluctuate, but history has proven us that eventually, Bitcoin, (and the whole market) recovered.

Let's also keep in mind that Bitcoin went below $30.000 a few months ago, and people were all over the news that it's the end of the market and all sorts of misinformation and FUD. Fast-forward a few months later, it has recovered significantly, after achieving a somewhat steady growth.

There's no reason exactly why we should get scared with what is happening now. For me, the events are just normal and if bitcoin price has dumped a little, but that's just temporarily. Now bitcoin has increased again so hopefully, it will continue going up.

I understand there are still a lot of FUDS coming our way but there's no way it can stop bitcoin from going up. There might be price corrections but let's not consider it as a threat because we know exactly that price fluctuations won't stop as long as the market remains to be very volatile.

This is the only one I take to have caused Bitcoin to plummet. I mean, how do you give so much freebies to people and don't expect most of them to dump it. Remember that whatsoever that isn't earned through hard work is easily lost, and that's the same thing that happened with the El Salvadorians. In school I was taught a basic law of demand and supply in relation to price setting. There were surplus sell orders and a few buy orders and that caused most buyers to reduce their ask prices, causing sellers to adjust sell orders to the downside.

On the flip side, I see the dump as part of the long awaited price correction of Bitcoin. Nothing to be worried about. It's normal and now we expect another push to bring us a new ATH.

On this current scenario, I am still strong despite of the news related with regulations or serious matters involving significant person like El Salvador. However, this was still a part of strategic plans driven by group of investors who wanted to take down bitcoin in the first place. FUD, FOMO and several deceptive tactics was our greatest enemy here, because since bitcoin started to plummet under $20k those discouragement already came and kept trying manipulate us. So it's all up us, being scared is our choice now.

Whatever the scenario that causes Bitcoin to fall, we should have nothing to fear. Because no matter how deep the price of Bitcoin falls, it will
always recover again. We can learn from the history of Bitcoin movement. So we can be more convincing ourselves not to panic and be afraid of
the decline in Bitcoin prices. We just need to be patient, if we see the price of Bitcoin go down.

Nothing to fear is something really hard to avoid because even experienced or veteran members of this community do still feel the same thing but totally different scale.
We do have emotion and we dont want to lose money and its just right that you would really make out reactions and getting scared but if you already get used into this
market then you would find out that we should be calm and finding out ways or strategies for us to take advantage of the dump and make out some accumulation instead.

normal day in crypto office to see the fall even more wild than the previous one ... -50% it was a normal day .. that is why crypto labeled as a high risk investment.. you can never predict really sure on how tomorrow could be brighter or even darker to see the market bear trends formed or vice versa.

manage you risk that is the key .

This is what newbies need to understand that they cannot expect to much on it about cryptocurrency, we need to research and practice on how to execute our plans towards investing on it also we need to learn on how to manage the risk as you said so that we cannot encounter heavy lose for a single movement of the market also we can recover back together if the bitcoin price recover.

But what's really cool on the current happening these year Bitcoin is stronger ever than before.

Hell no.

This shouldn't be a concern whatsoever to long term holders. People are way too overreactive to these things.

The short term noise is going to be continuously there, there's no doubt about it. But regulators have been trying to shut bitcoin down for years now with no avail due to the decentralization, why would they succeed now?

Bitcoin is stronger than before and overcome many issues, and even some countries has banned the use of btc (and other crypto as well) it doesnt affect bitcoin to the point the price drastically drop, although it has of course an impact. Thus if you believe bitcoin has something more to offer and to look forward then there's nothing to be afraid of.

The price is high volatile so its understandable to experience a roller coaster ride, just be used it. Dont mind the current price especially if you're holding for long term. This situation is also one of the reason why its a must that we have knowledge of what we're getting into to be aware of what's happening.

Bitcoin has been falling every time but bounces again with higher highs. How will this be scary for you?

You will be luckier to have coins today as savings than living on the streets later on. So don't get scared with just that correction, early March 2020 was the worse dip. If you have experienced March 2020 or in 2018 when it dips from 20K to $3K, nothing will ever scare you this time.

Exactly, the right term here is 'resiliency', for those who are old timers here, or at least have witnessed the bubble in 2017 just like me, bitcoin will bounce back even higher from the previous lows.


That's one good example that I'm saying, from $3k in March 2020 due to pandemic to all time high of $64k, so that's a huge gain if you have that tough mentally last year to just hold and continue to accumulate sat. So with that said, no one should be scared, but instead look for long term goal and just be patience.

There nothing to be afraid of my friend, many times bitcoin has experienced hard times, but bitcoin is able to prove itself as one of the best coins this world has ever seen.
The bad news circulating caused a dump in the bitcoin market, of course this makes some people speculate bitcoin will continue to decline, but as has happened before bitcoin is always able to rise to the point of making some people regret that they missed the boat.

No need to be scared, after all a true Bitcoin holder doesn't deserve to be scared, hope is always there, Bitcoin is still one of the good hopes to promise profits that are able to overcome many obstacles in the middle way. If you still believe in Bitcoin, don't be scared, Bitcoin is still in high popularity, this decline's phase is not a threat but an opportunity for a new entry.

This is power..of some crypto chains.. they will have an effect when bitcoin is dumb or pump.. although alt coins may only have a slight impact but with the many nodes they have, every increase and even decrease will be felt... The art of an financial assets

You should probably take a long hard look at yourself if you got spooked by this "dump".

It's barely a blip in the big picture.

Price action is still very bullish in the long run and there is virtually no change in the fundamentals. If you are a true long term believer of bitcoin then you should not have reacted at all and just held onto your position. This was just a long squeeze that was due to occur due to overleveraging.

why do you need to be scared ?  i am even happy to see btc go down because i can buy at low prices.  any factor that causes btc to go down might help investors or traders to own bitcoin at a lower price.  I see this as a moment for bitcoin to correct and rise in price significantly.

what's there to be afraid of ? doesn't the price movement continue to improve even though there are some declines at certain times but it has been proven that the price of bitcoin is able to do much better and it has been proven this year. i think if people have known bitcoin for more than 3 years there is no fear for themselves after seeing a lot of bear market and also bull market will come after.
there is no permanent reason for the fear even if the fear is embedded in oneself it is self-defeating either in trading or investing.

true, the fluctuating price of bitcoin will certainly continue to move up and down depending on the current market conditions, and even this decline that is happening now is nothing new for us, because in 2018 even bitcoin experienced a more severe decline than now this is in my opinion, as a person who believes in bitcoin, of course this is a great opportunity for us to buy bitcoin at a cheap price, and of course with strong bitcoin fundamentals, of course it is very likely that the price of bitcoin will rise again later.

Yes

It's a normal occurrence, I don't see why it is often seen as a negative attribute of Bitcoin and cryptocurrencies in general. These price fluctuations are a great opportunity, it's the main reason why I've tripled my funds and made me financially safe.

On the other hand, the exact opposite of what happened to me,  is possible too, but with careful management and patience, you can easily overcome any market crashes.

Why would I be scared? This crash happens very often for the past decade, I am already immune to what's happening right now and I believe in bitcoin and it's appreciating properties so if I just hodl enough, I will probably see myself getting rewarded in a just manner.

man if a 55% dip scares you, well you are in for a rough time.

so just strap in, get used to it and enjoy the ride.

Fear is not appropriate especially as its just a fallback from a long sequence of green (https://i.imgur.com/ANYsFkA.png) weekly bars, that constant positive gain is unusual and just for balance a pullback in price is quite normal.   I expected we were at the top of positive sentiment because it matched that pattern just on the graph without checking any news.
  I find news alot harder to decipher then a graph and regular set of figures that require paying for vs opinions often political nonsense.

Sorry but how many times we have seen multiple negative news ? regulation? suing ? banning? what more are we need to see before finally accepting that all this are part of the game in any investment for.
there must be negative news to see which or whom the weal investors and whom are the strongest.
we also knew that in the end of everything price will always come back hyping?
just forget being scary , admit that this is the reason why we all are here , the momentum and the chances .

I AM NOT SCARED , NEVER !!!!!

don't be afraid mate. when bitcoin goes down that's an opportunity to buy bitcoins at low prices and large quantities. prepare your free money to go to bitcoin and manage the best for bitcoin in order to get profit. The drop is a correction, so don't worry about it.

I think almost all long-time crypto users, will not care about news like this. I agree that almost every day there is FUD news about such things, and only weak people who are new to crypto would panic when they see such news. actually, if we look at the development of bitcoin since 2013, the price continues to rise even though there are so many FUDs, even some countries and companies reject bitcoin or crypto, are now again trying to take advantage of opportunities to be able to profit from cryptocurrencies. So far, my assets are still intact, even since the dump of the $60k price tag. Talking about the future opportunities, the chances of seeing a high bitcoin price are still very high.

I have been in cryptocurrencies for a while this sudden drop in the price isn't a new thing thus I wouldn't panic because this isn't the first I will witness such occurrence and will be the last, however a newbie might not withstand it because of fear ultimately will sell off their portfolio in a loss, experienced crypto investors will always capitalize on any price drop and stock up, buy and hodl, it is a big opportunity to fill out bag again based on the fact that history repeats itself.

Of course, the decline in the price of Bitcoin made me and a number of traders afraid or panicked because this affected the crypto assets owned.

Well, can you afford to not trade for awhile because you're panicking? If yes then you can probably pause or take a break for awhile so you can collect your thoughts and be at youe best when you start again. For me, I don't have any fear since I am a hodler and I plan to be a diamond hands when it comes to hodling and at the same time, I try to accumulate as much bitcoin along the way.

- Not as fun as you think when except for bitcoin, our wallet also contains a lot of altcoins and it's scary just looking and the altcoin report is falling, price slippage is happening more than 30% at least, Bitcoin is really clever at wooing such allies and the big trouble in the future is the delay in recovery, many allies abandoned for several years and fear ingrained in my feelings. What's more obnoxious is that bitcoin is still jumping around after such times, fortunately we have the capital to buy more but unfortunately the capital is too little when pushing too much into altcoins

The last time I was a teeny bit afraid, I don't mind admitting, was 18 months ago. Guess I was not the only one. Fear did not last long though, and the crapload of bargain coins I got then was a nice salve just half a year later.

Not sure what to feel now but am ready to sit and do nothing for a long, long time, so even if we do end up fizzling out it doesn't change my long term outlook.

Horizon is dull now, honestly. Keep waiting for pandemic figures to reveal themselves for real. Economic stress is palpable. Just simmering on the surface. Might do a lot for Bitcoin. Or nothing at all.

It's not necessary to be scared. It's true that some people are f**king dumb. This makes no sense at all when we've seen this several times before within an uptrend? Massive drops in February, March, and April didn't stop it from reaching its ATH. Stop panicking, you'd rather hold it or buy it back at the lowest price. Once you realize just how amazing the market is, you won't care even if it goes back to 10k.
Just enjoy the ride!

I'm never afraid when the price of bitcoin drops because I'm used to it and have been a crypto asset trader for a long time, this kind of thing is normal. You must remain disciplined in conducting personal analysis, always remembering your original goals and strategies. Since FUD and FOMO are often the cause of someone following in the footsteps of others, this can certainly take away discipline and lead to losses.

The only time I was utterly disappointed was after the 2017 crash. Bitcoin crashed from the $20.000 mark within a few days, it was literally jaw dropping to see the value of my BTC constantly decreasing.

That crash was enough to quit Bitcointalk and crypto in general, only to return back in 2020. It was the only time I was afraid and disappointed at the same time.

Honestly I have been crypto way too long to feel any fear at all. I have seen this coin in 3 digits, so 5 digits are still fine for me, even if drops to 10k because that is what it was like just a year ago or so. People are overreacting, we reached to point where we were like a week or 10 days ago, how could we feel too much fear if we didn't buy in the last 10 days?

Everyone acting like bitcoin is at a price where it has never been before or haven't been in a long time. However reality is that we are in a place where we are doing fine right now. Remember we were at 30k levels only a month or two ago, so we are actually 50% in profit if we only bought a few months ago, that's gotta count for something.

If about bitcoin, i think only matter of time until bull run come and maybe can close to last peak again. For holding big coins, usually i am not scared because what i see about bitcoin price since i first jumped into crypto, already get multiplied a lot. That is why i never lose my hope for bitcoin especially more event that come following with next halving in only a years again.

On the time you had step your foot into this market specially on dealing with your investment with Bitcoin then you should really be having that balls of steel which you wont easily freak out or panic
whenever you do see these kind of corrections or dumps which is really just a typical thing that do really happen into this market.SEntiments or news are quite relevant though but not all the times
that the market is really making some reaction towards it this is why its either it would react or not which makes someone will not really be having an assurance whenever they do make out
some analysis thats why you should expect the unexpected.

Not in the slightest. Bitcoin and most established cryptocurrencies in the market, actually even those who have only been in the market for a while eats these kinds of dump for breakfast and lives to tell the tale. not even a week after and we see most coins are already on their way to recovery, so there's no actual bearing if there's any that this dump had incurred to the crypto space besides some panic and weakhands pulling their investments out prematurely, which almost always happens anyway so I don't think this dump is any different from the previous ones we experienced, and thus no need for me to fear. Either we got so confident about bitcoin's ability to bounce back higher than its downfall price and previous price or we just got so desensitized from the hundreds of hate and negative speculations "experts" give out every time bitcoin is to experience a drought season. Then again whatever that is, it has made us into better investors and a patient one at that which not only would help us bag more money in the future, but could also translate to other real-life skills, especially in decision-making.

It's ok to be scared, this is normal to human nature but if you're scared, better to make your own research and convinced yourself that you can actually win in this market, you just need to do your best. There's no certain in this market, the price can go up and down easily so be ready for that risk and always invest the money that you can actually afford to lose.

People need to realize that bitcoin is strong crypto so they should never get afraid if dump will came and its pretty normal since correction always happen in the market that's why they shouldn't dump if market crash happen but instead they should accumulate to recover back and also to earn huge when bull run came. Also the only thing we trust are the top coins and never believe on the shit who always said about hold for long future since this is the word they used to hype up their project and scam their investors.

There's nothing to be scared of mate, those crap news has nothing to do with cryptocurrency since we're separated from the stated that doesn't make sense at all. Everytime there's good happening with Bitcoin, suddenly these news articles and other negative propagandas will cause an outburst. Basically we're like playing games here, if you're about to go with their traps then you're the loser.

We must be able to control our emotions when investing in crypto, don't panic and be afraid of negative news that appears. I agree we shouldn't be
easily influenced by FUD circulating, it's just a trap spread by cryptocurrency haters. No matter how bad the market conditions, we must believe
crypto has a very bright future. So keep holding the potential coins that we have. In the end, only those who are patient can benefit from their patience.

I doubt it, News of El salvador Is positive news it would not make sense for the price to drop due to El salvador


No


man the price is at $45000 it's not the end of the world, you can't forget until a few months ago the price was at 32000$ and no one panicked, Why the  would panic at $45000?

There are quite a few economists, politicians and so on, people of influence in general, who are against Bitcoin and cryptocurrencies. A quick look back in the 2017's crash will be enough, there were articles all over the internet claiming it to be the end of Bitcoin, with quite a few economists mentioning that it's a Ponzi scheme that quickly died.

The exact same incident also happened a few months ago, when the price crashed below the $30.000 mark, way back in March.

Let others being scared, we can't hold them, somehow. I'm not considering this as an unusual event that it is because not all have the courage to take risks and much more not all have the courage to hold themself against negative.

Those who come positive will stay positive but those who come doubtful, they'll certainly live doubtfully. Ain't that scared with the fake news but I was scared if I miss this opportunity while the others did. It is something it works differently and there might more scary facts in the future that could push these people to be more scared.

Being scared will not help us earn in fact it can make us loss, we always need to think positive so that we can hold strong, being scared and negative thinking will push us to sell our holdings and end up losing.Most of the people who has a strong hands to hold their coin really earn and we can put basis the Bitcoin and ethereum.The people who buy a huge amount of btc and ethereum last 2018 and hold they are now millionaire and that's the power of holdings.

The Bitcoin price rises and drops by 20,30 or 50% every now and then.Only the newbies are scared by this.
This is called price volatility.Are you surprised?If you are witnessing Bitcoin price volatility for the first time,then welcome to the world of Bitcoin,such price behavior is normal. ;D
The factors mentioned on your list don't have any significant impact over the Bitcoin price.
Even if they do,this price influence will be only short term.Such fake news and gossips can cause small price dumps.
Are you deliberately spreading FUD with this forum thread,or you are just a confused Bitcoin newbie?

I am really surprised when I woke up to see that the price of Bitcoin has plummeted to a very low price. First of all I notice on the day that El Salvador Officially adopted Bitcoin, The price went down despite the hype on social media. I even saw a group that was organized for people to buy about $30 worth of Bitcoin to support El Salvador as  they adopted Bitcoin as their legal tender. Even at all that the price kept going down. So it was really a surprise to me.

Now, another news that I’ve been seen as a recent is that they say protest in El Salvador because of the Bitcoin that was adopted by the country. Even before then there has been a protest by people to stop the adoption of Bitcoin as a legal tender in the country, and the decrease now has also led to another protest which we don't know what  it will result to.

Disappointment seems a bit strange, given how much valuation had already expanded from the start of the year. I mean, from below $1000 to five-figure dollar sums? What exactly were you expecting, McAfee's vision to come true in 2017? ;)  In fact, one guy even called it quits when $10k was reached for the first time. Such was their fear that the rise was too much, too fast (tried to find the thread, I even spoke to him, but maybe I'll be more motivated another time).

Fear, I'd understand. I spoke to not a few old-timers (I was fresh-faced at the time, maybe still am, dunno) and even before Bitcoin was heading to 10k, just fresh after ATH, people were saying this was it.They turned out to be wrong, but that clarity took a couple of years at least to arrive for most.

I think you are over generalizing things over here. The dip that people witnessed two days ago was due to the high leverage that people had taken for BTC, and once it reached the 52k mark most of the holders (Whales) sold their BTC, which resulted in the fall of price, which was later accompanied by price corrections. I am not scared, rather excited about the next price level BTC is going to reach in a couple of months!

in fact we don't feel the Bitcoin market is over. People who are afraid just because the market has started to enter the red line does not mean this will all end and be destroyed. Bitcoin is still as usual and is still at a high price. If compared to last year then the OP should know that the current price is not comparable and be frightened.

Common reactions of people who doesnt know about well about this market or just simply new into this market.They got scared and freak out when see dumps and have FOMO when they do see some rally.
These are common reactions but when someone had experienced some losses then thats the time they do realize on how market works and would really be careful on next time that they would be dealing with.
Being scared is not avoidable because we are really on investment world and its impossible that you would be happy when  you do see losses on your port.
Thing here is that you do learned up from your past mistakes.

Scared? Fear?
Newbies mostly had lost themselves once seeing the market got into trouble but for us who knows how these corrections will come, we're seeing this as an opportunity, not a thing to worried about. It is really hard to keep our minds strong and not to think negatively, perhaps I've found this common to anyone who comes doubtful and uncertain.

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I'm not scared nor do I feel disappointed with the situation. Sometimes I think this was a market reset and the next pump was more interesting to see as this might be strong pumps leading to another ATH (possible).

It would be ironic which is quite normal in markets.  Buy the rumor sell the news, the reasoning being the gains before the event resemble positive action and often not just this time but predictably the arrival of a positive event can lead to a sell.    But in any case I dont factor 1 country as being large enough to have that much influence on Bitcoin, this particular news was perhaps seen as start of a trend or validation in Bitcoin acceptance but that still doesn't mean that unique price and time point is upwards only.

That's right! With that news, amateur traders think that it will carry the price to rise up, but experienced traders have other things in mind. Buy the rumor sell the news often happened when you are dealing with trading.
You need to focus with long-term effects and not just for the short one, you'll be panic if you do since whales are better in shaking the market, always take your time, balancing the situation, don't rush things out as decision making should always be accompanied by good research and not just by the trending market situation.

troll will be troll, the only thing that should scare you, is becoming rich when bitcoin reach the next ath, 2024 target

Being scared of price movements is not a long term investor thing. I do not care about what happens in the next stage, because it could go down or up or do whatever and I am just simply fine. However one thing I am worried about is the fact that crypto adoption is increasing but not in retail.

There are much more governments that look crypto nicely, there are much more companies that invest into crypto, there are much more crypto related companies and startups BUT there are not a lot more places that accept bitcoin as payment. Bitcoin is growing to be considered as an investment, but the currency side of the things is not getting enough attention at all, which scares me a bit.

From your point of you, you're right, even after we experienced the 2017's crash, Bitcoin was still at a higher price than it was before. However, it was still depressing seeing your money slowly vanishing. I'm not complaining though, I might had abandoned Bitcoin back then, but luckily I hadn't sold any, till its price skyrocketed in 2021, multiplying my money.

There is not a sensible reason for you to get scared, mate. This is totally normal for Bitcoin and the market in general also. Because this market is highly volatile. You should always be ready to witness big dumps also. Of course it makes people scared first they see that movement in the price. But after that, it should come to your mind that Bitcoin will recover sooner or later again. We witnessed much worse levels than this long time ago.

You wouldnt get scared if you do know on what you should gonna do or simply when you do already have the experience which its normal that you would really know on what are the things should be done.
Dealing with this market does have lots of things where you could able to see on which might really affect your investment decisions which would really make you scared on making out steps or actions.
Once you do already have experience and awareness on how this market works and things attached to it then getting scared is already out or cant possibly affect you most of the time.

What's there to be afraid of?? don't you know there is a lot of history wanting to drop bitcoin?? look at the reality now bitcoin continues to grow and move forward.
bitcoin isn't something new but it's been more than 10 years dude, don't let yourself be instigated by news that doesn't have a clear reality.

t is this FOMO mentality that will be a disease for our trading in the future. Because forever if you don't learn and control FOMO from irresponsible people. So I'm having a hard time seeing the development of his trading portfolio. I am the same, as a human being who will definitely experience an incident where panic is the first condition that is felt when facing a massive bear market.

We talk about how emotions should be absent from trading and then we ask "are you scared". I am sorry but if you are following the advises here about the emotionless trading than you should be fine, because no ups or downs should take out any emotions out of us, and just because it drops doesn't mean that we should fear it.

Any logical trader would know that even if you end up losing during this period, you should end up not feeling anything and pick from here and start making profit again without worrying about what happened first. I personally do not feel any fear at all right now, I am feeling quite well about the current situation and that is how I listen to emotionless trading advises.

There is nothing to be scared about. It's not something new to me . We have seen and heard similar stories like this in the past

I've never been afraid of it all. We should not be consumed by FUD news, friends, because FUD news itself is news that is used to scare a certain person or group. Especially if we have crypto assets. rest assured that Panic in the market will always have an end. When the market starts to reverse from red to green, you can start to look at bitcoin and altcoins to collect cheaply. With proper and careful planning, you can really earn money.

I'm not scared at all. Because this is totally normal for Bitcoin. It is a volatile cryptocurrency and there will always be a probability for sharp decreases too. This is not a frightening incident for me. Because it has always been like this since it was first released in the market. People should make their investments always considering this.

Indeed, right. However, not all have the guts and to keep calm themselves in the situation where they lose their money but instead, they start blaming the market for its volatility. Scared, getting worries it really comes to someone who is not totally prepared and those people who come doubtful and uncertain. We could say that we haven't this feeling it is because we were able to understand the situation and staying the market for how many years we've learned something about this. But for the newbies, that will be their biggest challenge.

That's right, don't be afraid and doubtful when you hear the news of FUD, bitcoin is very good for long-term investments. Even though bitcoin and other cryptocurrencies are currently trying to touch their respective highs again, don't be complacent and continue to monitor the development of the sentiment that is present.

Mostly newbies are scared with this all because they have no knowledge and basic things about this, but those are in this market for some time they understand this all is usual business and already happened many times sometime back peoples was really scared with China ban, but now it's all settled even we have many other issues which are now part of this community.

Day by day we are spreading and now bitcoin is on high popularity so just because of this no matter of worry even we have too many bad news and negative things around us now no one can stop this we will go through in very good future with this crypto and bitcoin.

in fact, the current bitcoin price is back to near $50k. because of that, I don't think any old crypto users care about that.
on the other hand, nowadays many people are trying to own popular coins like bitcoin, ethereum, and others. I think people are used to FUD. Moreover, many people are now looking at crypto as a source of investment year after year, so some FUDs are unlikely to make much of a difference.

I feel more scared when it actually goes up. Because let's face it when it is down that means you could buy and hold and it will go up, but when it is high that means there could be another crash any moment. Don't get me wrong I am not saying it will crash from here, I do not know when it will be, maybe from here, maybe a bit above 50k or maybe it will go to 100k before it crashes, who knows? Nobody knows but it is going up and that means eventually it will stop going up and it will start going down, and that doesn't happen as slowly as our ups neither, it goes up slowly but it crashes in under an hour so it is a bit more scary now that we are going up.

I was happy when it went down, that is a good thing, like chopping a tree in certain places to let it grow even stronger, but the ups are a bit more scary to me because I do not know when it will stop going up.

What you say is true, there is nothing to be afraid of with the falling price of Bitcoin. Because the price of Bitcoin is volatile, so surely the price
movement will change drastically. This means that the price of Bitcoin can suddenly rise or vice versa, the price of Bitcoin can suddenly fall,
this has often happened repeatedly. So why be afraid, and don't need to bother looking for the cause of the decline in Bitcoin prices. Whatever
causes the price of Bitcoin to fall, as long as we don't panic and can patiently hold bitcoin. So in the end we can make a profit from Bitcoin,
because of how deep the Bitcoin price goes down, it will definitely recover and the price can go higher.

The drop in bitcoin and altcoin prices doesn't scare me or panic. Rises can happen at any time and you can't just wait. Create a new plan. Do some research on what crypto might have a profitable loophole and allocate your funds wisely. It is difficult to guess the exact price because all Bitcoin trades are left to the market. But for me personally, I still believe the price of Bitcoin will be in a bullish trend next year.

only beginners are accustomed to such issues, they are afraid of losing their investment. parties who feel opposed to the growth of bitcoin always make rumors that could bring bitcoin down, but on the other hand they can take advantage of the falling market price and the opportunity to invest again, because the recovery phase of bitcoin is very fast than the FUD stock phase.

I will no longer tremble when the price of bitcoin undergoes a correction, so I don't have to be afraid of a correction. However, I think it's natural to feel a little annoyed when the price suddenly corrects as the estimated asset owned decreases. However, based on experience, the market will recover sooner or later and the forecast for assets will return to normal. A correction cant be interpreted as a step back, but sometimes it can be a first step to break the resistance above it. Don't rush to sell if you want long term profits. Price fluctuations will teach us what to do when a correction occurs.

But don't forget that you also prepare mentally tough so that you are not easily affected emotionally when you become a Hodler or trading considering that something that is influenced by emotional things only lasts for a short time but determines fate in the long term.

When the price of a cryptocurrency is falling, you can overcome it by doing a technical analysis. This is done to see if the price of your crypto asset will rise again, or fall deeper. If I see it, the market is currently in a sideways period after experiencing a decline a few weeks ago and has the potential to experience a technical rebound. But the technical rebound is also a bit long, maybe in the next few months.

When you are just starting on this market then for sure it cant really be avoided because emotion is something a really common thing which you cant handle or really be impulsive on your very first try or
engagement or experience on here.Its normal for you to get scared but once you do gain up sufficient experience in the market then you would really be able to handle up yourself in different situation
knowing that this market is really unpredictable which would really cause up for you to commit out some reactions but if you are already that aware nor prepared then this wont
really be a big issue.

Nah, I don't think that when your portfolio is down, you will immediately go to TA, Lol. All you have to do is just remain calm during the storm and not to panic. If you do TA and see that the price will still continue to go down then what?

It's just the experience, some have been in crypto for years that when they see the price going down, they don't panic, but rather take advantage of the situation and buy the dip.

Absolutely no, I am not worried about this fact because i trust bitcoin. This was nothing and i saw many big drop downs of bitcoin and even at that time i never doubted about bitcoin so this is nothing, bitcoin is here to stay.

Don't be concerned, mate. When the price of bitcoin falls, it is a good time to acquire bitcoins in big quantities at low rates. Prepare your free money to move to bitcoin and handle it well in order to make a profit. Don't be concerned about the dip; it's only a correction.

bitcoin is one of the most volatile investment assets and of course bitcoin has strong fundamentals, so when there are a few positive issues that hit bitcoin it will certainly make the bitcoin price rise again in the market, in my opinion the current decline, could be the right time to we buy bitcoin at a low price, because in my opinion a rise or fall in the price of bitcoin can be an opportunity for us to make a profit, so what do we need to be afraid of?

This is a natural thing experienced by the market, hopefully the correction that occurs with bitcoin this time is only temporary, the current decline is nothing for bitcoin if we compare it to 2018 when the bitcoin price recorded a price decline of 72% and it was time which was very bleak for bitcoin investors, but bitcoin was able to get through it all and remains the only number one coin.
There is nothing to be afraid of with bitcoin because so far bitcoin has proven to us that bitcoin is very worth investing in.

Market price fluctuations are common in the crypto world and are happening right now. This incident is not a reason to be afraid to trade because basically the name of the market often goes up and down. make it an investment opportunity for fluctuations and make it a bullrun opportunity to sell your assets.

Personally, I have no fear when bitcoin plummets. I don't think the reasons you have listed have had much effect on the bitcoin price plummeting. The ups and downs of the bitcoin price are purely influenced by the crypto market and that is a natural thing to happen. I'm sure the bitcoin price will rebound even more likely to hit a new ATH later this year.

Bitcoin price even reached $40k in the last 24 hours but I'm still not scared of anything. Because I make my investments for a long time period. It is totally normal to see Bitcoin undergoing bad times also. We will not see this market increasing all the time in the end. Bitcoin is also a volatile cryptocurrency and we should always get ready for this too. After some time, Bitcoin will start recovering again and continue to rise.

News mostly being used by traders to predict the market, bad news brings bad impacts while good news brings the good one.

For people who experienced how the market around crypto works, they are not really depending on news. They understand that in each dumped, opportunities are open to buy and hold more Bitcoin, believing that it will bounce back and deliver better value.

Before you engaged yourself in this venue of investment, better to make sure that you are mentally ready as there are more unpredicted market movements that may shake you to lose your money.

There are still people who believe that one day bitcoin may die, or go down so much that it will stay down for a long time as well. I personally do not believe that and there are many people who do not believe that but there are people who do. At the end of the day bitcoin is something that will go up in the long run no matter what happens, you can buy it at any price, even at ATH and with enough time we all know that you will profit.

This is why I am not really that much scared at all. The ones who are scared are the people who imagine bitcoin could be under 20k soon and stay there for years, just like how it happened in the 2018 crash period.

Being scared will not help us and it will surely push us down and loss,because our decisions may become affected by our fears. There is no need to scared or we can't be scared look at btc price from 2018 and compair the present price today, by only looking at the price we can surely say that the person who does not get affected by their fears and have a strong hand to hold are now millionaire.