Honestly, I don't know how to react on this. I am scared as hell but I won't sell at this point. Did you guys remember the price between Feb and March of this year? That is my basis in HODLing my BTCs... if the price goes lower than that range, I will definitely say goodbye and move on.

I am in a big trouble, dude. ha ha ha! I had left my day job a few months ago to focus on my home-based job that pays me bitcoin; today, the value of my salary to fiat went down balls-deep, and honestly, that doesn't feel right. Reading this kind of thread doesn't help me either... I hope the trolls will soon stop posting shit like this. Pardon me.

On the other hand, please refrain from believing that the China can destroy bitcoin. Bitcoin is decentralized, therefore, it will stay alive not unless the last server has decided to shutdown.

Well, since there are no exchanges in China - I guess they are not the ones who have sold their bitcoins in panic... instead of hating the Chinese it would be best to hate the flocks of sheep which are everywhere (oh well... they are the ones who sells whenever there is FUD). Cheer up my friend... just wait for Putin to start a good show and watch those flocks buy bitcoins like hell. \m/

That will hurt. My job pays bitcoin and as of now I have felt the price drop badly. I used to get $50 every thursday but today I have only cashed out $42. The fact that I had left my day job for bitcoins - it would be so damn hard for me to go back... well, that's another story and kind of off topic.

Anyway, I had stopped trading some time ago and just have to HODL my coins. Well, I hope these NEWBIES would stop making trollish threads, though.

Is there really such a thing? I mean such a guaranteed investment? Anyway, if you would only be looking back at the last 6 months you will not be shaken by these catastrophes, I mean like seriously, we had this before (before it hits $3000), hadn't we?

There will always be a panic before the price goes up again and that is just to empty the hands of the weak and hand it over to the strong. I will certainly understand your point if you are a day trader but you don't seem to sound like one.

But you know what? Yes YOU should start looking somewhere else...

Time to buy if you have balls. I had read Wolf's tweet and I totally agree with his observations; China's ban on exchanges should cause solid HODL since there would be no way to sell, correct? So in other words, this dump is only caused by the westerns selling in panic and has directly nothing to do with the Chinese. So again, BUY IF YOU HAVE BALLS.

Actually, the simplest logic is that people wants to take as much profit as possible before the price dumps. Most of the bag holders and experienced bitcoiners knew that there will be always a dip whenever there are bad news, so instead of they suffer the dip, they would rather be the one to sell first... and then there goes the domino; small time investors and the newcomers would panic because they fear loss, and after a while here goes the weak hands cutting losses. That's how the ecosystem works.

Actually you are a little too early. I assume you had your purchase at $4000 above while at the moment bitcoin price dropped at $3800. Anyway, if you are not going to need the money in the next 4 years, I will strongly suggest that you put that in poloniex (of course you must create an account), and then lend your bitcoin there. At least you would earn little by little.

By the way I guess 4 years from now, BTC would be at $10,000. Crossing my fingers, crossing my finger-toes too.

Oh well... if you would not HODL you'll be losing a lot. By the way, if ever you would be selling your altcoins low, what are you going to do with the money? If you will just re-invest it with another set of altcoins you are just throwing your money away.

Anyway, you may also try to cut-loss, like let's say the half of it; then you just have to have faith that the remaining half will pump soon. You know what I'm saying?

You may want to study computer programing, and then focus on SQL or Python; do your own research about the blockchain technology. As you see, the government decides what curriculum should be taught in schools - that's why I doubt that they will expose their youth to this information technology - if in the first place the bitcoin has not been yet accepted legally (at least).

On the other hand, you don't need to become an IT to understand bitcoin.

Hey Jamal, you may want to try bittrex because if you cannot buy bitcoins within your locale exchange then you may try buying it with your credit card. Once you already have bitcoins in bittrex, you may transfer it to another exchange like poloniex so you could execute some trades. Now, the only challenge for you is how are you going to convert your bitcoins back to fiat.

Yeah, I also want to hear something from them. By the way, by looking at the charts, it seems like the early bitcoin enthusiasts might had sold their coins at $100 already since nobody had foreseen that btc will reach 5k. If they had kept their bitcoins then probably they are living their lives to the fullest at the moment. What a sweet ending though.

I want to make sure that they wouldn't run before the listing of course. The fact that I don't keep an altcoin for longterm, I would make sure that somebody else will buy my bags whenever I would want to sell them. Also, I've been looking for PoS coins recently... those are profitable even for short term.

Whopper coin is one of those coins that I would love to keep; maybe because I love eating burgers badly. ha ha ha!

The fact that you had been watching bitcoin since 2015, you should have know what to do by now. Bitcoin price will surely fall during corrections, bad news, and US holidays, but after the people had tasted some profits, they will get back to BTC for sure.

SO WHAT TO DO when prices are falling? - if you want to taste some gains then you better sell your coins, then wait for the bottom and buy back. However, if you don't want to feel any stress at all then just sit back and chill. Price will surely bounce upwards soon. I'm not a hype for bitcoin but I surely did trust my future with it. but again - CAVEAT!

I am! Right now I am working as a freelance writer in cryptogrind and my employer pays in bitcoin. Volatility was never an issue because I only spend my bitcoins to pay bills and the rest were kept in a hard wallet. So far this is the easiest way to save money, at least for me. I guess the volatility will only be an issue if you are a spender or when you are paying monthly for the credit cards. That sucks though.

I've been using gunbots my friend, when I say "gunbots" I really mean it. My first gunbot trades btc over altcoins while the other one is trading USDT over bitcoins and altcoins... I have a 1 year free webspace in amazon where the bots run 24/7.

I know that haters gonna hate but bots are awesome traders. They are like your fulltime wolf of wallstreet without emotions, fear, and excitement. They will just keep on buying at low and selling at high after you have set the amount of coins and the name of coins to buy.

If you want to share your profits thru tax then Forex is best for you. But if you are man enough then go on with crypto exchange. The whole point of trading is to earn money so eventually you can retire and stop. So why settle for low and slow return in Forex? In my opinion every traders should leave Forex and Stock Market behind.

But of course, you obviously would not take my word, my friend Lucacrebbe... I assume you just had heard about bitcoin yesterday.

I guess this is good for all of us. It seems like the Chinese wants to clean their yards before the Russians take over the mining and launch better services compared to their's. I honestly can't find another reason why the Chinese suddenly became cautious with ICOs and Bitcoin.

Edit: but hey! Look at this https://www.cryptocoinsnews.com/bitcoin-price-recovers-major-drop-chinese-exchanges-not-banned/amp/

It seems like exchanges aren't going to be killed after all.

I advise you to put your coins in a hard wallet, that is the safest place for your hard earned coins. Hard wallets could be brought anywhere and your seed was placed in a physical card which could be kept in your physical wallet. If you hate losing bitcoins then you better spend money purchasing security measures.

I'm beginning to wonder if this guy is trolling around just for the sake of ranking up his account. Hey Mr FUD, why don't you paste some links about those bad news that you are talking about. Everytime I see your name with a new topic, it is most likely about crypto going down or something. Do us a favor mi amigo, share some links so you won't be tagged as a spammer onion ring! That bloodbath you were talking about was just a correction, it was holiday in the US by the way so expect people from cashing out.

I honestly didn't get this... so how much money did she have?  the OP was back in 2015 so if she had 40bitcoins versus the amount that she had invested which was roughly 47bitcoins then that means she had a $30,800 loss.

But anyway, if she still have 40btc at the moment then she could probably quit her job and go back to trading fulltime. Having a day job is not a good idea especially if you have already became a btc millionaire. Man, I am still confused with the OP though. ha ha ha.