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Author Topic: How I Learned to Stop Worrying and Love FUD  (Read 2350 times)
Pursuer
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February 10, 2017, 06:42:25 AM
 #1

Each time there is a FUD around here and generally whenever it is time for dips it is the best opportunity that anyone can hope for.
you are either a long term hodler who can buy in these dips and enjoy the continuous upward movement (the green arrow) or you can be a short term trader who sells on top and buys back in the dips with even more money at hand having accumulated more bitcoin in the end.



have been doing this since early 2015

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February 10, 2017, 07:24:30 AM
 #2

Thats very reassuring, thanks for posting the chart. Sometimes we are inclined to be short sighted and forgetful of the past that a little sell down make us panic. A lot of people have made the mistake of releasing their coins only for happy buyers taking their place. Its their loss and this actually favors the price of BTC because they fuel the pump when they feel regret and buy back in at spot prices.
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February 10, 2017, 03:03:27 PM
 #3

Those ''depressing'' sub $200-$400 opportunity's where indeed very nice  Cheesy
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February 10, 2017, 03:14:12 PM
 #4

Yes. It is just the ebon flow of what bitcoin is.
Just learn to embrace it's misgivings because you always know there will be a new dawn to the day when it will be where everybody will like where it is. Just a matter of time.

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February 10, 2017, 03:25:22 PM
 #5

Those ''depressing'' sub $200-$400 opportunity's where indeed very nice  Cheesy

depression time for some but happiest days of some others lives.
i remember the day i opened up the exchange site and saw my low bid at $180 that i never even imagined getting filled, was filled!
it sure was scary for a moment but then every day that passed i became happier

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February 10, 2017, 04:38:37 PM
 #6

Each time there is a FUD around here and generally whenever it is time for dips it is the best opportunity that anyone can hope for.
you are either a long term hodler who can buy in these dips and enjoy the continuous upward movement (the green arrow) or you can be a short term trader who sells on top and buys back in the dips with even more money at hand having accumulated more bitcoin in the end.
Are you sure when there will be a FUD, bitcoin finds it down surge ? I do not think so. Because there are some people who are constantly FUD on bitcoins but I have observed bitcoin showed strong appreciations on those days.

But there would be no doubts that every dip must be an another big buying opportunity for those who had missed the train earlier or for those who want better averages on their buying side. I am long term holder and I never worried on any FUD nor any down fall. I am simply concentrating for saving more bitcoins with cool mind all the times.
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February 10, 2017, 06:09:04 PM
 #7

Each time there is a FUD around here and generally whenever it is time for dips it is the best opportunity that anyone can hope for.
you are either a long term hodler who can buy in these dips and enjoy the continuous upward movement (the green arrow) or you can be a short term trader who sells on top and buys back in the dips with even more money at hand having accumulated more bitcoin in the end.



have been doing this since early 2015


An excellent view of what is going on. Bitcoin uptrend continues and losers, which only look at the short term, keep panic selling on all the dips. Smart money buys all the dip all the way up, but some people will never learn. Short sighted morons will kep panic selling and making whales richer. Long term holders will win.
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February 10, 2017, 10:20:53 PM
 #8

BTFD

https://www.bitcoin.org/bitcoin.pdf
While no idea is perfect, some ideas are useful.
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February 10, 2017, 11:04:09 PM
 #9

It is simple Fud are really helpful,if you see many posts what are forcing you to sell consider to buy,whan you see many posts what are saying buy,buy and bitcoin is on high sell.Always work for me,but the best is dont care at all

 
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February 10, 2017, 11:51:49 PM
 #10

Each time there is a FUD around here and generally whenever it is time for dips it is the best opportunity that anyone can hope for.
you are either a long term hodler who can buy in these dips and enjoy the continuous upward movement (the green arrow) or you can be a short term trader who sells on top and buys back in the dips with even more money at hand having accumulated more bitcoin in the end.



Well it never hurts to take profits when btc pops, and yes, you can always buy back, and pocket the difference.

I think BTC will trade in a range for a while.

 
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February 11, 2017, 10:02:38 AM
 #11

Each time there is a FUD around here and generally whenever it is time for dips it is the best opportunity that anyone can hope for.
you are either a long term hodler who can buy in these dips and enjoy the continuous upward movement (the green arrow) or you can be a short term trader who sells on top and buys back in the dips with even more money at hand having accumulated more bitcoin in the end.



Well it never hurts to take profits when btc pops, and yes, you can always buy back, and pocket the difference.

I think BTC will trade in a range for a while.
This buy back idea had trapped me once and after that I was never ready to react for any FUD nor any negative news. I will just hold and watch the prices (only for some needs I sell bitcoins and I have never sold for trading). There will be no guarantee that bitcoin will get struck below $1200 nor above $700. But being a long term holder I am not worrying any of these.
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February 11, 2017, 10:16:59 AM
 #12

Whether we like it or not, FUD keeps the market moving and allows people to enter the market at discount prices in case the price happens to sink. People should either come to action and start buying, or simply not do anything. It comes and goes, but the most important thing (which clearly shows in the chart from OP) that the price always recovers. It's of course no guarantee that it will continue to recover, but with the potential that Bitcoin has, it's dumb to react to all kinds of nonsense FUD and let them ruin your long term strategy when you sell in panic. Again, LOOK at that chart!!!

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February 11, 2017, 12:20:09 PM
 #13

Every news which gets announced and forces the price to go down should always be seen as an opportunity for newbies to get some Bitcoin and for the veterans here to accumulate some more.
Buy the dips and keep cool! HODL strong and enjoy life in 10 to 20 years!!
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February 11, 2017, 01:49:18 PM
 #14

in my experience, the best thing when investing in bitcoin is to become a bitcoin hodler Smiley
it is easy, you invest in bitcoin, move the coins into cold storage and forget about it for years. and during that time of waiting, each time you read news about price falling, rising,... and see the price you just laugh because you are in a huge amount of profit.

imagine if you have bought at $200 even with $800 it is still 300% profit and we are a long way away from that and it is already in 400% profit ($1000)

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February 11, 2017, 02:16:06 PM
 #15

Whether we like it or not, FUD keeps the market moving and allows people to enter the market at discount prices in case the price happens to sink. People should either come to action and start buying, or simply not do anything. It comes and goes, but the most important thing (which clearly shows in the chart from OP) that the price always recovers. It's of course no guarantee that it will continue to recover, but with the potential that Bitcoin has, it's dumb to react to all kinds of nonsense FUD and let them ruin your long term strategy when you sell in panic. Again, LOOK at that chart!!!
The above first sentence is very true. If it wasn't for FUD then where would the drama come from to move the hand that feeds bitcoin's volatile price movements?
Then were would we all be? At fifty cents from the very start of this journey into bitcoin.
That's where!  Undecided



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February 11, 2017, 02:18:35 PM
 #16

Thats very reassuring, thanks for posting the chart. Sometimes we are inclined to be short sighted and forgetful of the past that a little sell down make us panic. A lot of people have made the mistake of releasing their coins only for happy buyers taking their place. Its their loss and this actually favors the price of BTC because they fuel the pump when they feel regret and buy back in at spot prices.

You are right man. If you see price of bitcoin for last 3 months the same thing is happening again and again. Bitcoin price increases and then at once a small dump comes and then again after dumping it rises higher than before, and then again a little dump. I am sure experienced traders are making lots of profits of this defined situation.



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February 11, 2017, 03:50:32 PM
 #17

It took me some time before I realized this truth. I was a panic seller before but when I realized this pattern and believed that bitcoin price will eventually be really high, I started loving dips and FUD as well. It does not have to be a large dip, if the prices is down by 100, I buy immediately. I do not wait for a certain price level, just if the price pulls back by a hundred, that is my signal to buy.

 
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February 11, 2017, 04:02:24 PM
 #18

Thats very reassuring, thanks for posting the chart. Sometimes we are inclined to be short sighted and forgetful of the past that a little sell down make us panic. A lot of people have made the mistake of releasing their coins only for happy buyers taking their place. Its their loss and this actually favors the price of BTC because they fuel the pump when they feel regret and buy back in at spot prices.

You are right man. If you see price of bitcoin for last 3 months the same thing is happening again and again. Bitcoin price increases and then at once a small dump comes and then again after dumping it rises higher than before, and then again a little dump. I am sure experienced traders are making lots of profits of this defined situation.

obviously every time price comes down it is not because of dump or FUD but many of the occasions are.
for example when price goes up rather faster than it normally does because of a rally or something like that, there will be a correction and that is not a strange thing and you certainly can not call it dump. it is happening only because traders are taking some profit from the rally because they bought in the beginning of it.

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February 11, 2017, 04:40:34 PM
 #19

Thats very reassuring, thanks for posting the chart. Sometimes we are inclined to be short sighted and forgetful of the past that a little sell down make us panic. A lot of people have made the mistake of releasing their coins only for happy buyers taking their place. Its their loss and this actually favors the price of BTC because they fuel the pump when they feel regret and buy back in at spot prices.

You are right man. If you see price of bitcoin for last 3 months the same thing is happening again and again. Bitcoin price increases and then at once a small dump comes and then again after dumping it rises higher than before, and then again a little dump. I am sure experienced traders are making lots of profits of this defined situation.

obviously every time price comes down it is not because of dump or FUD but many of the occasions are.
for example when price goes up rather faster than it normally does because of a rally or something like that, there will be a correction and that is not a strange thing and you certainly can not call it dump. it is happening only because traders are taking some profit from the rally because they bought in the beginning of it.

I wonder how would a price go down without people dumping or selling their coin, unless major buy support is removed and that is very unlikely.  FUD is one of the strategy of people who wanted Bitcoin to go down in price so they can buy it at a cheaper price.  Whether we like it or not, FUD is the food of the professional traders.  They nom it for profit Smiley
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February 11, 2017, 05:10:02 PM
 #20

depression time for some but happiest days of some others lives.[...]
it sure was scary for a moment but then every day that passed i became happier

The interesting question is: Was it that clear at that moment that the price would evolve the way it was?
For example, in the 200-500 "depression" phase much capital flow into Ethereum. What if Ethereum hadn't the DAO problem (the DAO could have been a success, do you remember the hype?) and seriously questioned Bitcoin's leadership?

I think cryptocurrencies as a whole are here to stay and will get progressively more users, but there is no "determined history" that will drive Bitcoin (as a particular cryptocurrency) "to da moon". It is possible that now is an opportunity to sell - for example, because of the stalled blocksize problem.

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