Bitcoin consantly losing value?

[ElectricMucus]

Lot of people that bought in during the $1000-$1200 lost 50% of their value/investment.  

You don't lose money unless you sell. Don't sell.

This is called the sunk costs fallacy.

[wachtwoord]

Lot of people that bought in during the $1000-$1200 lost 50% of their value/investment.  

You don't lose money unless you sell. Don't sell.

This is called the sunk costs fallacy.

No, it's called paper losses.

[ElectricMucus]

That's another, friendlier term for it.

[wachtwoord]

That's another, friendlier term for it.

I think I misunderstood your original reaction

[mp420]

The current situation does look a lot like mid-2011. I thought this already in April but at that time the crash was too early and too abrupt.

Guessing the bottom by comparing to 2011 is just an excercise in numerology but it would imply high double digits, in a few months.

[piramida]

high double digits, in a few months.

can only wish. however desirable that would be, it's not happening. the prolonged crash of 2011 was caused by one thing - uncertainty. would it be able to recover with one crappy exchange being hacked after another? Now everyone knows the answer, so the dips are bought out and there's much less panic selling.

[ElectricMucus]

Uncertainty about the legal situation of the two biggest exchanges perhaps?

[piramida]

Uncertainty about the legal situation of the two biggest exchanges perhaps?

I don't remember when there was any certainty about any of the exchanges They are always in the shadows. Well, all besides coinbase, they by some magic run a valid startup it seems.

[Wilhelm]

Lot of people that bought in during the $1000-$1200 lost 50% of their value/investment.  

You don't lose money unless you sell. Don't sell.

This is called the sunk costs fallacy.

No, it's called paper losses.

knee deep in the shitter