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Just engage your thinking hat.
Check the year-on-year chart, then think hard at why the price reached 20.000$ high. that is a good part of the story behind the current drop.
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This is hardly the biggest hit Bitcoin ever took.
It survived the Gox hack, and the Goxing a couple of years later... and those were proportionally MASSIVE events.
It survived a couple of years where the only thing you'd get out of people when talking about bitcoin was "oh the internet money used to buy hard drugs, child porn, and illegal guns".
We are not seeing a bigger "hit" than that.
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Anything around $1000 is possible and not disastrous. anything below is possible, but would be worrying
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When I read some people saying that it's someone else and we can't judge, or that there may be something better on the other side...
people, Crypto is a complicated and Dangerous place. If you're not even smart enough to understand that "the other side" is nothing but a rotting corpse, then what the hell are you doing here?
Gambling and investment are wonderful because IT IS IMPOSSIBLE TO LOSE anything you don't want to lose. There is no valid reason whatsoever that justifies someone losing enough to hurt his life. A Death is Always a sorry thing, no point in dancing on someone's corpse, but we can't as a society and community look at this as anything but a macroscopic display of stupidity and ignorance.
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if the price were to "go back to normal" it would have to go somewhere between 2 and 4 000 max. that would be closer to normal than we are now.
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This one in particular wasn't really a "crash" (as you said, crashes are "easy" to deal with). That was the one time Bitcoin really did enter the closest thing crypto has seen as a prolonged bear market. and indeed even though 2015 is when it started rising again, we can't say we were truly out 'till quite a bit later.
In general, if you're into crypto in a healthy way, of all these the only event that ought to have registered on your radar is the 2013-2015 item, the rest should have been missed (well, broadly speaking), with perhaps the exception of the Gox hack, because of shere magnitude and implications. (it was very early days, it was reasonable to think it could have tanked the Whole boat).
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hint: if you "think" that bitcoin fell today, then started rising again, you are following the price far too closely. Are you a day trader? No? you shouldn't even be checking more than once or twice a week.
the more you obsessively follow the price the more likely you'll make a stuoid choice.
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"i'm not gonna pay you, could you please do some work for me to make money off"?
Look, there is only one sentence needed about gambling: it's stupid to do it and dishonest to offer.
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Suicide is never the answer to anything, even when you've ruined your life, and the life of those you care about.
Truth is, even the most ruined of lives can be picked up and lived happily and fruitfully.
I dislike seeing people mentioning religion as some sort of fix for this, as much as I dislike the attitude some have of feeling actually sorry for people who right now are in this situation. By all means, don't do anything bad to yourself, NOTHING is Worth more than your life--but DO take responsability.
Taking responsability for your mistakes is far more therapeutic than believing some vengeful psycopath god will punish you, and more helpful than anybody's words of encouragement. If you are in a situation where the value of Bitcoin is capable of affecting your life and livelihood in a significant manner, then you need to take a step back and realize where it is that you were unwise.
take notes, learn lessons. This doesn't mean you need to become afraid of everything. it means you need to learn, first of all, self-control and how to plan for disaster.
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Don t make the mistake of thinking the client and the block chain are the same thing. Bitcoin is just the chain. The client is just an enabler. The value is in the data
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bitcoin's Whole idea is that it's a distributed system controlled through consensus.
The 'real' Bitcoin is whatever people 'consent' to calling Bitcoin and trade as Bitcoin. It doesn't matter who developes what sosftware, or who sponsors which project.
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well, it makes lots of sense if you're one of those smart investors who put their kid's food money in crypto
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take some soap, but it in some water, make a ring with your fingers, and blow jently. That creates a bubble. now poke it with your finger. That's what a bubble bursting looks like. markets included.
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cryptocurrencies are, well, NOT money. Therefore there is nothing wrong with creating them. you are Printing nothing. If you really want to equate it to something "real", you could say you're "Printing tokens", and you can do that to your heart's content.
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No. no coin is good to invest.
It might be Worth a gamble, though, depending how much cash you're able to lose without hurt.
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If we are looking to invest, try to keep loosely related products. Bitcoin, because bitcoin. NEO and cardano, betting on the future. Invest in a Dash of anonymity, and one more. This last slot, I would actually expand beyond just one coin. Keep a varied portfolio. Don t miss on holding at least 50MCO (in case you ever want their low-tier premium card in the future), some ROSS, some Ardor, some Stellar, and whatever else you think might be a good idea.
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I demand that everybody asking this question be locked out of a forum until they write an essay on what a quantum computer is.
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Ever since the 7-14 debacle, Monaco has been almost manically averse to providing any timeframes or deadlines, and for good reason it seems. Fact is, they don t commit, therefore they can t have lied much. It s at a point where you either believe in the project or.not. those who don t, no idea why they stick around.
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