Bitcoin Forum

1) I generally only worry about Bitcoin's price when I want to buy a gift card or something. And even then, converting to fiat is someone else's problem in this scenario.

2) I can go weeks without opening up my wallet or checking the price, so it's not like I'm addicted, right? Right?!

3) Buy, hodl, buy, hodl...

For someone trying to make a living out of trading fiat currency and cryptocurrencies, the volatility of bitcoin's price is a matter of concern.
For someone who really doesn't give a darnt about it, there's no need to freak out.

Which group you're in?

Hobbyist who occasionally gets paid for a job in Bitcoin here. Not like I earn a living with Bitcoin or anything.

I think that we all are in the same situation, maybe this is because we both are very introduced in all that bitcoin concerns, or maybe it is just because most part of our lives depends on bitcoin on the earnings that bitcoin gives to us, maybe both, who knows? i am constantly checking the charts, to track the progress of my investment, and there is nothing wrong with it, i love bitcoin, and i am always checking for updates and for news about it.

There are a lot of kids getting into crypto nowadays that get 50 bucks from their parents, buy BTC on Coinbase, don't even know how to get the BTC in a local wallet to protect their money, and all they do all day is look at bitcoinwisdom.

The price goes up $1000 in 3 days and they get used to it, but goes down $200 and they freak out, it's pretty comical to see.

If you have been here for years like me, this is another day in the office. And by the way, the price is skyrocketing again. There was a correction for some reason, and now it's quickly climbing back to $5800. Next attempt is for the $6000. We still have time until GarzikCoin aka segwit2xCoin crashes the market.

I agree with you guys. It depends on how bitvoins affect the lives of the users. Then the reaction in every events that happen concerning bitcoun will be an impact to one's life also. In my case it's also a hobby or sideline, students use bitcoin for an extra bucks. And It's very helpful. I am not denying about the income reason but it really shows us the convenience of bitcoin too. There are lot of possibilities with time.

Apparently freakouters about the cost of bitcoin are those who have a number of whole bitcoins (not small). In this case, the price will strongly affect the amount of money in dollar terms. I do not belong to this group because I learned about bitcoins not so long ago.

Because the price keep up and up. 1 week before its 64m, not its -+75m

The profit is one of the reason. Moneu is truly addicting and because of that many bitcoin users care about the price so much, and sometimes others do it because they just want to follow bitcoin even thpugh they don't have any.

Most of the users are like to invest bitcoin. But so many issues are create in current market. Traders and users are freakout in bitcoin price. The government should take action in these type of issues. Bitcoin price is not constant to maintain. It should varied depends upon the demand in market.

We do have different preferences and point of view when it comes to the price of bitcoin, I as a person is the one who will freak out about this changes because i do have bitcoin and i see each drop or pump as an opportunity to atleast gain profit from it.

Because you are it in for the long term. Others do short day trading of bitcoin that's why its important to them to see the price and look at how they can earn short term. Good thing that you are into it for the long haul because that's how investing in bitcoin should be. You can buy in dips then hodl, rinse and repeat.  They are always find a way to make out a profit out of the current price. And traders fine day trading very interesting that's why they freak out if the price goes up or down.

People are freaking about because there is a new ATH and the value is actually pretty impressive this time around, it isn't some kind of minor increase by only a few hundred dollars, it is literally a full thousand dollars larger in value, which was accumulated over just one or two days, I don't know since I wasn't paying much attention. Converting to fiat is something people use to compare it against the same economies, and it's just a good measure of the demand since there is nothing else to be compared against. If you can wait weeks without checking the price in your wallet then you're good. But buying and hodling is always a good strat if you want to make a fair amount of money.

And when will this happen? anytime soon? is btc supposed to skyrocket after segwit2x, or the opposite?

well why not everyone will freakout regarding bitcoin price? the price gained a lot since last week and and it break another all time high this week. long term holders will ignore the price as long as it they have still a profit but for short term holders every hour counts they will freak out if the value loses 200 or 300 in one day.

This is something that newbies in bitcoin should learn to do. Beginners have the strong tendency to check the prices of their bitcoins and altcoins almost every minute. And when they see some price decrease, they react immediately with panic. In the end, they will lose some future profit. They are better off forgetting their investments so that they won't be panic selling.

Me !! I checked everyday hows the bitcoin price varies and studies when it will go ups and down... I am new to bitcoin and start to join campaign but I am looking forward in trading . I want to leatn more thats why I may consider as an crypto addict but not that much the post was just like me eager to learn more  and new updates everyday

for me i dont care about the price if it go down a little i will still use it to buy good or convert to cash
but if go higher a lot in just a week or month i know everyone who hold is happy for me hold and use because i dont buy bitcoin

Mostly people are freaking out because of Bitcoin skyrocketing its price before the fork is happening on the 25th of this month, just like what happened on the last fork with Bitcoin Cash. And altcoins are crashing down as well so people are really freaking out of the prices. But I'm expecting the bitcoins price will dump right after the fork happens.

i think most of people is care when the price is down, for example if we only have small bitcoin amount and we want to withdraw $100, then we need more than 0.01btc if the price is down too far. but if the price is up, maybe we can use only 0.01btc or less to withdraw that amount. bitcoin user is not just some people with big amount in their wallet but there is a lot of people which don't have big amount of bitcoin so they are trying to earn bitcoin and when the price is down, they considered to waiting when the price is increase again. but personally, i am not too care to see the price is up or down, if i want to withdraw, i can directly do it without thinking about the price.

In my opinion, I think since you are not into trading and you are just holding for long term, I wouldn't say that there is a need for  you to check up on your investments every now and then. Since even if bitcoin pump, you won't sell since your intention is to just hold.

However, if you are a trader, I suggest that you keep a closer eye on the market so that you can know which coins are pumping and which ones are dumping, and to further make better profit. I personally keep track of all my investments and I don't think there is anything wrong with doing that either.

Increase and decrease should not be problematic. Because it's just our market. It should still be appreciated because of this we will earn more money. You can just hang around with its tracks. You can live here in trading, bitcoin work and more.

You might not open your wallet every day, but you will quickly look at the price to see if your investment has lost or gained some value, since you acquired it. Most of the people bought bitcoins as a investment and they monitor the price to determine when they can take some profits.

I monitor the price every day, because I buy on the dip and sell on the high end. ^smile^

As far as I can tell the ones that freak out about it are those that have bought at high prices. Anyone who has been sitting on a profit for a long time is going to be much more relaxed about the next dip. If you bought at under $1,000 why would you care if it drops back from $5,600 to $4,000. If like me you've been in this for much longer you will have seen it all before a few times and it always comes back.
 

When you look at it in a bigger perspective, it does matter that the bitcoin price is fluctuating. If it goes up i'd be happy and if it goes down id be sad. And for others who own other altcoins besides bitcoin, most of the time the price of bitcoin will affect the price of the altcoins so it really is a big deal.

They have got freaked out because the price of bitcoin surges a lot and it surprises all of the bitcoin holders because the price just got up to more than 5,000 USD and it is really amazing because you can easily get a lot of profit in just a short time and it is even more better than forex trading which is very risky and also the stock market that doesn't have a high return.

and also this current price is All Time High that make people got excited, there's so many people have speculating about the ATH that's not reached for pretty long time and after the dump that caused by China, people are losing patience to the price of bitcoin.
and now finally, the ATH reached and people are happy that they're holding their bitcoin since then.

They always say that financial markets hate uncertainty and the forks seem to be causing a lot of uncertainty.

Uncertainty is nature of this markets and noone can predict preciously future prices.Fork news attracts new investors to this business and everyone is excited to get free bitcoin gold. Prices will see deeper levels after fork because new selling wave will not respect to anything.

Can you take advantage and opportunity from it? bitcoin is popular because it is controversial and highly unstable, but as it moves quickly and is able to provide consistent income, then no one thinks of its negative impact at all, in this uncertainty, we can continue to struggle to make them viable and more stable, especially supporting regulation legally.

Well a lot of people is trading using bitcoin, so a small fall or rising is very valuable for them, some people make a living using bitcoin, and big whale heavily invested in bitcoin so a slight rising can be a huge profit for them, if the price is stable and keep on rising, it show that bitcoin in a positive trend with a lot of investors, so price is very important

Obviously, these people that freak out with every price dip are the people that are still new to the crypto world. And in this case, bitcoin. These newbies tend to panic a lot because of all the bullshit they get to read everyday from people can do nothing better with their lives but to spread baseless fuds about bitcoins. Which then fuels up their panicking. Worse is that most of these fud spreaders are people who don't even know what they are talking about. While, others do it for fun or for trolling, and others to make other people panick sell sonthey can buy low, most of them just wanna have something to say about the big thing being talked about.

So likewise, will buy, hodl, and back again.

We can’t blame anyone about it, it is mostly a human nature. Good for you, that you do have that patience and tolerance to this kind of scenario. Not monitoring much on the market price might help to start with but every person has a tendency of being negativity in things where we spend out money are.

Everyone's affected by the movement of bitcoin's price. As a bitcoin user and investor, I have to make sure that I have a backup plan whatever happens to my bitcoins. There's actually no difference between YOU who use bitcoin to buy gift cards and US who use bitcoin to  convert to local currency and withdraw. Also, there's a bigger problem on the part of investors since they're the ones who are working on cryptocurrency and their investments are greatly affected by the changes in the prices of these coins.

Ha ha, that's a good way. Me too. I often go to my BTC account, buy, buy, and go to my account in a couple of months

Yes, its just human nature to freak about something you don't have total control. And as much as you like to it let go higher, sometimes it would go other way around. But I can't help it, I want to monitor the price to see how my investing is doing. But as I gained experienced already, I'm not that affected with a sudden shift if price because I'm in the long term side of it. Though it was scary during last month's crash, but I remain patience and didn't to one sell of my bitcoins. Look at the current price, its going red, I'm sure there are investors here freaking out because the price is down although minimal.

No. Just because you're checking your wallet regularly to see the price, it doesn't mean that you're addicted to bitcoin. That only shows that you're aware about the things that are happening to crpytocurrencies, especially bitcoin, including their prices. That is a good characteristic of a good investor. You don't have just put your money in bitcoin and do nothing. It is like sowing a seed and let it grow. You need to visit it everyday to check whether it is in good condition or not.

Also, it is risky to leave your wallet unopened for a week or two without checking it regularly. Be responsible with your money. Unlike the local paper bills inside your wallet, cryptocurrency wallets should be check regularly so that you can manage your money base on the price changes.

It's funny when people here in the forum spell HOLD as HODL. And it just amaze me how bitcoin culture change the people and the way they talk. These crypto-jargon is funny, and at the same time, a bit of confusing especially for noobs. ;D Anyways, that's the case for most of the time. In crypto-trading, you don't have to be a day-trader, and you won't actually earn if you are a day-trader. And with the volatility of cryptocurrencies, there's no problem on holding it for longer time. BUY...HOLD...when the price drops, BUY again then HOLD. When the price significantly increases, then that's the time to replace that ellipsis in the end with SELL.

Well for newbies, this price hike would really be pretty exciting. If it's the first time you've experienced this kind of investment where you can see thr price moving up, it's a normal reaction to freak out in excitement.

Hobbyist who occasionally gets paid for a job in Bitcoin here. Not like I earn a living with Bitcoin or anything.Apparently freakouters about the cost of bitcoin are those who have a number of whole bitcoins (not small). In this case, the price will strongly affect the amount of money in dollar terms.most of the users are like to invest bitcoin. But so many issues are create in current market. Because you are it in for the long term. Others do short day trading of bitcoin that's why its important to them to see the price and look at how they can earn short term.

Most people who are freaking out about bitcoins price are newbies or those who just bought their bitcoin late last year which was the highest peak price of bitcoin last year and maybe their on loss for a huge amount and making them feel there is no chance for bitcoin to increase back again. But just hold on to your coins, it will increase back again slowly but surely.

You are right, only long-term investors can really make money, novice and short-term investors will face a little price fluctuations panic, their emotions is the ups and downs with the Bitcoin price, everyone must learn to manage their own mentality.

The main reason of freaking out is not of self control and following their emotion and doing to panic selling. That's will happen for those holder that can't wait or not having a patience. Much better to have more profit is holding for long term and wait until bitcoin price was bouncing back or if you see that you have already your profit then sell all of it. Lucky for those who can wait and hold in bitcoin and having a huge profit, this is not a first time bitcoin in dip just hold.

The crypto world now is shaking due continues drop of price value in bitcoin three consecutive times and they called it ultimate corrections,so that why all bitcoiners is in FUD condition either they hold or sell all there bitcoin asset,even me now in my decision is to sell my penny bitcoin and  buy again later, if the condition in the exchange market going back to normal .People now is freaking  out  the bitcoin price  because  all altcoins  also affected in this bitcoin value drops consistency and all traders and investor will afraid to huge loss of there investment.

Cause a lot of newbies in this space think that it is rare to have such big of a crash, and they are panicking because they've invested in bitcoin with more than they can afford to, at a price that was already 50 times 2015's prices.

People are afraid of losing out when bitcoin is going up, but they are also afraid of losing money when bitcoin's going down.

So even though the price of bitcoin seems to be extremely cheap at the moment, a lot of people are dumping at $6k, which is the bottom at the moment. Which makes no sense to me because most of these guys probably entered way past the $10k mark.

It's only natural for those people specially for newbie to panic when it comes to the lowering of the value of bitcoin in a whole month or let's say in the whole  year.Most people are afraid of losing a big amount of money that's why they used all of their resources and exchange it  in order for them to avoid their money getting wasted. People who's still new in bitcoin tend to believe to those baseless rumors and assumptions without doing any validation of information whether if it's true or not that's why they become much more pessimistic when it comes to this kind of situations.

There are some people that freak out, there are some who do not, and there are some who feel great. It actually depends on how bitcoin affects those people. People who trade and/or invested are the most affected negatively. While those who plan to buy get the positive side of the equation.

A lot of people are selling bitcoin, and when bitcoin prices go up, they begin to regret selling bitcoins, people are always in regret, and rather than waiting patiently to buy HODL.

Yes, looks like you are not really addicted unto it, which is good for you and I guess you or no one should be addicted at all. We could like, love or even enjoy bitcoin but not to the point of getting addicted unto it. Maybe this could be one of the reason why people tend to bitcoin after a flunctuate on bitcoin price.

and if people are selling their bitcoin, we should buy it because they sell at the lower price and after we get that bitcoin, we only need to wait for the price increases again. I see many people regret yesterday because they are panic and cannot patient to wait for the price is back to increase and now the price increases.

People have this mentality normal, bitcoin up you regret it, or you collapse. Concerned about the price will only make you more panic, it is better to ignore it, to travel outside for some time.

The rate of bitcoin, the most popular and expensive crypto currency in the world, declined by almost 10% during today's trading, while investors react to news about the theft of crypto-currency from South Korean exchanges.