You guys need to relax

[abs350]

Look guys. You need to relax and stop going crazy about small time price actions.

The whales will pump and dump just as the sun rises and falls.  As the whales pump and dump the small guys will lose their money to the whales. It is set in stone.

This is the time for buy and hold. The economy is going to crash and bitcoin is not going away. That's All you need to know.

PS. if you are a gamble addict and need some action do something else. Maybe $1/$2 stakes hold 'em. But honestly not bitcoin. You will lose.

Public service announcement

[MissionPhailed]

Yeah, its kinda funny to see especially the Speculation section turn into a cheering crowd at $10 increase and into a depressed, doomsday predicting mess at $10 drop. Though I gotta admit I've sinned too. Weak hands, panic-selling, panic-buying, thoughtless trading ... I've done it all. Better indeed focus on mid to long-term trading, unless you're a pro at daytrading ... !

[CuntChocula]

Look guys. You need to relax and stop going crazy about small time price actions.
...

Do you follow Bitcoin at all? Did you hear about a Core dev quitting & calling Bitcoin "a failed experiment"?
About the impending hard fork looming over us, because, as it turns out, consensus ain't such a sure thing to reach for our conductors, even when our choo choo is chooching into a brick wall?

http://www.rareirishstuff.com/_fileUpload/Image/383495_355721151178546_1626947277_n.jpg

FLY, YOU FOOLS!

[n2004al]

Look guys. You need to relax and stop going crazy about small time price actions.

The whales will pump and dump just as the sun rises and falls.  As the whales pump and dump the small guys will lose their money to the whales. It is set in stone.

This is the time for buy and hold. The economy is going to crash and bitcoin is not going away. That's All you need to know.

PS. if you are a gamble addict and need some action do something else. Maybe $1/$2 stakes hold 'em. But honestly not bitcoin. You will lose.

Public service announcement

Very good thread and excellent main post. Good knowledge and good reasoning in everything written. Congrats to the Op (as for me). Appreciate most of all "the time for buy and hold". Would add if would be me the OP that "hold for a long time, so long that can seem "forever". For bitcoin is not the time to sell even after at least 5 years. So maybe would be better even if is told: "buy and invest" and not only "buy and hold". At least this what I am doing since three years. Not always successful but in this moment I am having very good returns from my invested bitcoin. In several options. And seems that will last. Lets hope so. I had only a little thing to correct at the main post. The gamble addict don't need at all to do something else. The only action that must do is to find a good doctor in order to not ruin much more his life and the life of his dears.

[Snail2]

Do you follow Bitcoin at all? Did you hear about a Core dev quitting & calling Bitcoin "a failed experiment"?
About the impending hard fork looming over us, because, as it turns out, consensus ain't such a sure thing to reach for our conductors, even when our choo choo is chooching into a brick wall?

FLY, YOU FOOLS!

Mike Hearn isn't a real "Core dev" with his two or something like that contribution, so nobody really give a dime about what he saying. In addition he's not saying anything new. All the problems what he addressed are well known issues. The hard fork issue is different indeed, but we'll see how that's panning out. Maybe Gavin will fail again, maybe not. Anyway, nobody will loose pre-fork coins because of the fork, if not intended to keep using the "loosing" chain.

[tokeweed]

Look guys. You need to relax and stop going crazy about small time price actions.

The whales will pump and dump just as the sun rises and falls.  As the whales pump and dump the small guys will lose their money to the whales. It is set in stone.

This is the time for buy and hold. The economy is going to crash and bitcoin is not going away. That's All you need to know.

PS. if you are a gamble addict and need some action do something else. Maybe $1/$2 stakes hold 'em. But honestly not bitcoin. You will lose.

Public service announcement

You can never really relax when you use that strategy. 

[Denker]

Look guys. You need to relax and stop going crazy about small time price actions.

The whales will pump and dump just as the sun rises and falls.  As the whales pump and dump the small guys will lose their money to the whales. It is set in stone.

This is the time for buy and hold. The economy is going to crash and bitcoin is not going away. That's All you need to know.

PS. if you are a gamble addict and need some action do something else. Maybe $1/$2 stakes hold 'em. But honestly not bitcoin. You will lose.

Public service announcement

You can never really relax when you use that strategy.  

Why not?
When I'm think long term, meaning many years, and only invest money I can afford to lose, I give a f*** what happens short term.
I put my coins in cold storage and just do nothing.

Think
Things look different when you invest short term or put more money in as you should because your greed is too big.

[abs350]

Look guys. You need to relax and stop going crazy about small time price actions.

The whales will pump and dump just as the sun rises and falls.  As the whales pump and dump the small guys will lose their money to the whales. It is set in stone.

This is the time for buy and hold. The economy is going to crash and bitcoin is not going away. That's All you need to know.

PS. if you are a gamble addict and need some action do something else. Maybe $1/$2 stakes hold 'em. But honestly not bitcoin. You will lose.

Public service announcement

You can never really relax when you use that strategy.  

You can relax. Believe me if bitcoin was a failed experiment it would have failed after the first year. Nothing lasts for 7 years in today's world unless it is a success. Its only a matter of time before people realize that and the price goes up massively.

The recent consolidation and correction of the last months and years is just people like Mike Hearn (fools who got lucky) selling to the people like Tim Draper (professionals). Yes alot of coins maybe changing hands hence the volatility. But bitcoin is not going away and eventually the price is going to the freakin moon.

[simon66]

NOOoo...

The price swings up and down and the emotions swing up and down and that is a big part of what makes crypto so exciting and attractive.

What would it be like if BTC just stopped at $400 and stayed there.. Boring...

I wonder if BTC would have less liquidity if it wasn't so volatile because many people would stop trading it.

[shogdite]

NOOoo...

The price swings up and down and the emotions swing up and down and that is a big part of what makes crypto so exciting and attractive.

What would it be like if BTC just stopped at $400 and stayed there.. Boring...

I wonder if BTC would have less liquidity if it wasn't so volatile because many people would stop trading it.

They are a big parts of crypto and a big reason why i am here to be honest. The volatility can be your best friend or worst enemy,depending on like you said- your emotions at the time. Fear is for suckers who have invested more than they should have. I agree with op that people need to relax and not worry over the swings. More important things for our energies. 

[Ya-ing]

Quite true. Price goes up and down but it is not nothing to panick about.

[bri912678]

Look guys. You need to relax and stop going crazy about small time price actions.

The whales will pump and dump just as the sun rises and falls.  As the whales pump and dump the small guys will lose their money to the whales. It is set in stone.

This is the time for buy and hold. The economy is going to crash and bitcoin is not going away. That's All you need to know.

PS. if you are a gamble addict and need some action do something else. Maybe $1/$2 stakes hold 'em. But honestly not bitcoin. You will lose.

Public service announcement

You can never really relax when you use that strategy. 

It's not likely, but if the price crashed to double digits most people with that strategy wouldn't be relaxing and saying it's only money. They would be mostly blowing fuses. Bitcoin isn't predictable, and if it does go to the moon it might not do it when everyone expects it to, it might go down first. I think $150 was the bottom, but that's only me guessing, I could be wrong.

[rezilient]

Look guys. You need to relax and stop going crazy about small time price actions.

The whales will pump and dump just as the sun rises and falls.  As the whales pump and dump the small guys will lose their money to the whales. It is set in stone.

This is the time for buy and hold. The economy is going to crash and bitcoin is not going away. That's All you need to know.

PS. if you are a gamble addict and need some action do something else. Maybe $1/$2 stakes hold 'em. But honestly not bitcoin. You will lose.

Public service announcement

I wonder how are the hodlers who bought some stash above $500 are doing.. I hope they are still doing fine

[The Sceptical Chymist]

NOOoo...

The price swings up and down and the emotions swing up and down and that is a big part of what makes crypto so exciting and attractive.

What would it be like if BTC just stopped at $400 and stayed there.. Boring...

I wonder if BTC would have less liquidity if it wasn't so volatile because many people would stop trading it.

Lol it's the trading that produces the price swings in the first place--you might want to pick up a finance textbook or something.

As for OP I agree.  But there are so many young noobs here who haven't experienced life or markets for all that long.  It's easy to get excited.

[QuintLeo]

What is this "relax"?

 9-)

[tokeweed]

Pardon me.  You're actually right.  Buy and hold is the way to go.

[MyBTT]

I know right. People are getting all worked up on this whole Bitcoin is dead thing. We need to stop.

[acroman08]

Yeah many people are getting paranoid on a small drop price,
But you can't blame them they're just being cautious that bit go down completely. But some people are making it exaggerated by posting bitcoin is doomed just because they saw a price drop.

[1Referee]

Average Joe's and other newbie noobs - Uhhh what does that mean!?

Smart traders - Have you figured this out just now?

Whales and other wealthy investors - You guys are fools, we will eat you guys alive!

[BitHodler]

OP is right. Stop pooping your pants when the price is tanking.

Long term is our goal so we keep holding our coins firmly and with pure dedication.

Short term action is only good for day traders and people that know what they do, so stay away from it when you can not handle trading at this level.