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Obito
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June 18, 2021, 12:01:20 PM
 #81

You are not alone experiencing this.  30% is a number that is enough to frustrate yourself.  actually I wonder why the news appeared.  Isn't it about China where crypto is an old issue?  I have no idea .  the whale are always greedy. I just hope the market recovers soon
The market will remember no matter what because these China FUD isn't a long-term problem for bitcoin market, just hodl and wait for some time and that 30% will slowly become a gain instead of a loss.
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June 19, 2021, 03:19:28 AM
 #82

You are not alone experiencing this.  30% is a number that is enough to frustrate yourself.  actually I wonder why the news appeared.  Isn't it about China where crypto is an old issue?  I have no idea .  the whale are always greedy. I just hope the market recovers soon
The market will remember no matter what because these China FUD isn't a long-term problem for bitcoin market, just hodl and wait for some time and that 30% will slowly become a gain instead of a loss.
I agree china is not a problem here for the crypto market usually tends to rise on the basis of demand if the market goes up it will go down but if you are disappointed don't go long term investments in the crypto market are very profitable. Therefore even if the price goes down it is a good opportunity to hold on without selling prices will rise again.
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June 19, 2021, 03:53:51 AM
 #83

Why you should angry? This is best time to accumulate more bitcoin and other coin as it's already cheap. Investors are wiating on this moment, fill their bag with more coins to HODL more longer. 30% down in crypto is normal thing, i even once down 90% in a altcoin but you know? The price is bounce bavk again when market was pump.
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June 19, 2021, 04:46:23 AM
 #84

I am angry rn I knew I should execute all my crypto yesterday when China anounced ban.
Now all my crypto 30% down.  and it will take 3 years to recover.


I don't think it will need 3 years but don't worry holding is a good thing to do. Well, at least it is better than panic and cut lose your assets. Back to basic, people should use money that really free to anticipate something like this. So when we holding, we still have our main income to fulfill our daily needs.
It is doubtful we are going to even need a year, to me this is simply another aspect of the bull market, I think that by the end of the year we are bound to see another strong increase in the price of bitcoin that will take it to levels that we could have only imagined a few years ago.

This means we need to be patient as the recovery is coming and we need our coins to take advantage of it, also I do not see why people still get scared when we see news that China is banning bitcoin, this happens almost every year and yet people keep falling into this FUD.
If you choose that way, you need to have a long patience keep everything in order while waiting for the

bounce back to take place, this situation shows how this market have a high risk investment, without good

knowledge  you'll lose your money.  But with good anticipation you'll see this moment as opportunities to

bag more while waiting for the market to rise back.
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June 20, 2021, 06:24:21 AM
 #85

I am angry rn I knew I should execute all my crypto yesterday when China anounced ban.
Now all my crypto 30% down.  and it will take 3 years to recover.


I don't think it will need 3 years but don't worry holding is a good thing to do. Well, at least it is better than panic and cut lose your assets. Back to basic, people should use money that really free to anticipate something like this. So when we holding, we still have our main income to fulfill our daily needs.
It is doubtful we are going to even need a year, to me this is simply another aspect of the bull market, I think that by the end of the year we are bound to see another strong increase in the price of bitcoin that will take it to levels that we could have only imagined a few years ago.

This means we need to be patient as the recovery is coming and we need our coins to take advantage of it, also I do not see why people still get scared when we see news that China is banning bitcoin, this happens almost every year and yet people keep falling into this FUD.

Agreed. Highly unlikely we're at the start of a crypto winter with 3 years to get the price back up. I'd bet by end of year if it's not at new ATHs it's at least getting close to the old ones. Everything about recent price action looks like just a long correction and we're already bottoming in the $30,000s, rather than waiting a year to see the bottom. I do expect this ranging to continue for probably like two more months before it gradually starts building back up, and we may even see it break into the high $20,000s at some point, though not definitely. Basically, if you've got extra money you're looking at a great opportunity to get cheap Bitcoin. This feels a lot like the latest bear market bottom in the $3000s, just 10x higher.
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June 20, 2021, 06:27:35 AM
 #86

Or it might be at $100k by the end of the year.
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June 20, 2021, 09:30:15 AM
 #87

How can you be so sure that it will take three years for the prices to recover?  Grin  Because there is no signal that points out such thing. It can start recovering in only a few months also. We just don't know it.

R


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June 20, 2021, 10:20:01 AM
 #88

Or it might be at $100k by the end of the year.
Likely.
How can you be so sure that it will take three years for the prices to recover?  Grin  Because there is no signal that points out such thing. It can start recovering in only a few months also. We just don't know it.
There's a quote that there might be someone that he had followed and says the same thing and he's gullible to believe such.

Possibly he is basing his prediction on the cycle introduced by Bob Loukas.

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June 20, 2021, 10:47:59 AM
 #89

I am angry rn I knew I should execute all my crypto yesterday when China anounced ban.
Now all my crypto 30% down.  and it will take 3 years to recover.



What made you think that it will take three years, don't speculate or make an assumption when news of the ban happens I converted my weak coins to stable coin this is to protect my investment and only trade it when things are ok I cannot find a better coin when the market is crashing but only stable coin, you must always ready to convert your coins to USDT, it's your safe guard against crashes.
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June 20, 2021, 09:41:35 PM
 #90

I am angry rn I knew I should execute all my crypto yesterday when China anounced ban.
Now all my crypto 30% down.  and it will take 3 years to recover.


What made you think that it will take three years, don't speculate or make an assumption when news of the ban happens I converted my weak coins to stable coin this is to protect my investment and only trade it when things are ok I cannot find a better coin when the market is crashing but only stable coin, you must always ready to convert your coins to USDT, it's your safe guard against crashes.
You would definitely got angry if you do presume that the price would recover after 3 years.For sure he had been presuming that the bearish market that happened on the past would definitely be repeating this is why he do assume that this would happen again this time.

We shouldnt really believe that it would happen again even though it isnt an assurance since it could really happen but basing off on the market condition we are taking it is unlikely and for sure recovery wont really be that too long.

When you do deal up with this market then you should really prepare on circumstances like this and be prepared to be frustrated because price could swings up and down on the least we expect.

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June 21, 2021, 03:00:13 AM
 #91

there are still many opportunities ahead, don't be too disappointed in one thing so that it holds back the next step to get a chance to gain profit. Here we really have to win against the risks we face calmly and think brighter, we have to be smarter in responding to the current trending coin prices.
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June 21, 2021, 03:40:36 AM
Last edit: June 21, 2021, 05:12:14 AM by STT
 #92

I do doubt 100k this year but it wont take 3 years and China is a failure to its people many times over from any belief in communism and dictatorships as a means of management; its obviously peak centralism.   Did it only just occur to you that a military that slaughters its own people and harvests organs from its political opponents might be in some conflict with an instrument giving financial freedom.   They banned BTC in 2017 and they'll ban this year, next year every year it sounds good, no surprise is warranted.   This is more so a trading sell off, China controlling less of the network via mining is only a positive from what I can tell it helps diversify possible failures.
BTC had plenty of action previous to this despite many setbacks, it'll be ok in future years also.  Near term we have action and volume to revise certainly.

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June 21, 2021, 07:43:08 AM
 #93

I am angry rn I knew I should execute all my crypto yesterday when China anounced ban.
Now all my crypto 30% down.  and it will take 3 years to recover.



pfffttt . lmao , i even got liquidated , 90% of my balance, but how we can say ? , we just a player , not the move maker , if we take the wrong move, of course , the sh*t happens, actually , u also greedy.

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