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Author Topic: Don't Be Fooled By The Price Dump! Here's the Real Deal  (Read 312 times)
Pursuer
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November 30, 2018, 08:50:46 AM
 #21

NB: Always remember this, you have not made a loss until you sell
    After a price dump comes a price pump
    Never allow your emotions to do the thinking for you
    Always go with your gut feeling

I disagree, mostly because you are technically calling bitcoin a "pump and dump" in your second line whereas bitcoin is nothing like a pump and dump!
but also because your statement looks more emotional while you are telling everyone not to be emotional. the fact is that there is nothing wrong with selling. in fact you must sell bitcoin at some point. but the problem is when people have no plans when they buy bitcoin!
if you are buying it to trade then you must sell and then buy back in the dips. if you buy it as an investment, again you have to sell when in bubbles and buy back in the dips. if you buy it as a currency then you need to spend it constantly.
but what people do is they buy to become rich, and they usually do it in a bubble then panic sell when the bubble bursts and then cause the crash.

in short if you want to sell, never sell in the dip. sell BEFORE the dip. and if you can't then maybe you shouldn't look at the price at all.

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arpon11
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November 30, 2018, 11:52:29 AM
 #22

For those who are discouraged, remember history keeps repeating itself
Take yourself through the bitcoin memory lane
- Bitcoin went from being worthless ($0) to $4000+ in less than 10 years
- Bitcoin has a trading volume of $4-$5 billion per day
- It handles 200k-300k transactions per day
- It facilitates the transfer of $1 billion worth of transactions per day globally
- It is being accepted by thousands of merchants around the globe
- It introduced one of the biggest technologies that is being used by banks, governments, and a lot of financial institutions

It has changed the way we carry out transactions and believe me you it has come to stay!
Don't be fooled by the naysayers and those who are adverse to change which we all know is the only permanent thing

NB: Always remember this, you have not made a loss until you sell
    After a price dump comes a price pump
    Never allow your emotions to do the thinking for you
    Always go with your gut feeling
Thank you for remind us of our reality and that is what many of us that were not in cryptocurrencies before are not taking into account.  In 2008 bitcoin was nothing but now 1 btc is above $4000 and there was a time that it was selling above $19000 . Bitcoin has done too well and we must agree with this fact in other for us to develop enthusiasm about blockchain technology and cryptocurrencies market in particular.
Personally, I don't care about Bitcoin price as I don't care wether it is going to rise or to fall. All I care about is how this technology is going to handle the technical issues it is facing.
I care about the price because if bitcoin worth noting there is no need for us to spend time looking on how to handle the problem is facing.  Technical problems are going to be resolved as some of the problems have been resolved.  This time last year we were saying that can the the problem of high transactions charges be resolved but now that is the thing of the past.
davis196
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November 30, 2018, 01:01:07 PM
 #23

For those who are discouraged, remember history keeps repeating itself
Take yourself through the bitcoin memory lane
- Bitcoin went from being worthless ($0) to $4000+ in less than 10 years
- Bitcoin has a trading volume of $4-$5 billion per day
- It handles 200k-300k transactions per day
- It facilitates the transfer of $1 billion worth of transactions per day globally
- It is being accepted by thousands of merchants around the globe
- It introduced one of the biggest technologies that is being used by banks, governments, and a lot of financial institutions

It has changed the way we carry out transactions and believe me you it has come to stay!
Don't be fooled by the naysayers and those who are adverse to change which we all know is the only permanent thing

NB: Always remember this, you have not made a loss until you sell
    After a price dump comes a price pump
    Never allow your emotions to do the thinking for you
    Always go with your gut feeling

The history keeps repeating itself,but always with a little twist. Grin
For me,the biggest advantages of bitcoin aren't the trading volume,amount of transactions per day or the rpcie.The biggest advantage of bitcoin is it's democratic nature.No person can dictate and govern the blockchain by himself.

rickadone
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December 01, 2018, 11:15:40 AM
 #24

After price dump comes a price pump is as wrong as it could ever be. There are literally thousands of coins that has gone down ever since they were created and never recovered.

Bitcoin could definitely be the exception to that but it is financially proved that price can go down and never go up in many stuff. There are literally tens of fiat currencies that have went worthless over the years and never recovered no matter what. So, never assume anything will be pumped right after it was dumped. Could bitcoin be pumped after this dump ?

Yeah, sure it could be but that doesn't negate the fact that price has been going down for about a year now without ever going up. Any person who got into bitcoin because the price went down will be still losing money from these dumps. Just react to whatever you want but never assume anything will go the way you want it.
glowing10
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December 01, 2018, 11:51:45 AM
 #25

I still holding bitcoin and not sell when the price was lower. I think who have money, big investors bought a lot of bitcoin and if they bought at 3700$ and sell now they make a lot of money or if they still hold they will make more money.

This is how the system works and those who are billionaire today have got bought in the start or buy huge qty when market dips and not when the market is rising or at high. This is the difference between a normal investor and the billionaires as they can forsee and capitalize on it.
gabmen
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December 02, 2018, 09:17:32 AM
 #26

I still holding bitcoin and not sell when the price was lower. I think who have money, big investors bought a lot of bitcoin and if they bought at 3700$ and sell now they make a lot of money or if they still hold they will make more money.

This is how the system works and those who are billionaire today have got bought in the start or buy huge qty when market dips and not when the market is rising or at high. This is the difference between a normal investor and the billionaires as they can forsee and capitalize on it.


Well it doesn't seem that the big investors are making a move just yet since if they start buying we'll be able to see a run. I don't know if they're still waiting for a lower value than where we are now. But eventually they'll come back, i'm quite positive about it.

 
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Pursuer
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December 02, 2018, 01:35:27 PM
 #27

I still holding bitcoin and not sell when the price was lower. I think who have money, big investors bought a lot of bitcoin and if they bought at 3700$ and sell now they make a lot of money or if they still hold they will make more money.

This is how the system works and those who are billionaire today have got bought in the start or buy huge qty when market dips and not when the market is rising or at high. This is the difference between a normal investor and the billionaires as they can forsee and capitalize on it.


Well it doesn't seem that the big investors are making a move just yet since if they start buying we'll be able to see a run. I don't know if they're still waiting for a lower value than where we are now. But eventually they'll come back, i'm quite positive about it.

actually many of the bigger investors buy bitcoin off the market for many reasons such as not wanting to push the price up while they accumulate at a good discount, or some may be even trying to not leave a trace behind for the government to track as they dump their fiat for bitcoin silently.
and the whales that are on exchanges aka the market makers are not letting the price go up by dumping bitcoin as it tries to rise. so they buy at a fixed and low price.

Only Bitcoin
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