I'm panicking, tell me it will be OK...

[wahb]

If you're worried that's fair, I'm also worried about the rapid decline in bitcoin prices, but I think this could be a good time for long-term investments, because we can buy bitcoin prices at low prices. In my opinion, bitcoin will stabilize again

i think there is a mixed situation, people are fearing that after segwet there are more chances that the price of bitcoin will certainly decreases but other people are expecting that 1st August the price of bitcoin is more expected to increase more. to i personally going to hold my bitcoin and not to sell in such a low price i am going to wait for long term investment.

[Zenithar]

If you're worried that's fair, I'm also worried about the rapid decline in bitcoin prices, but I think this could be a good time for long-term investments, because we can buy bitcoin prices at low prices. In my opinion, bitcoin will stabilize again

that is happen when people start panic selling, but i think now people have become too much mature and for most of the time they do not come in panic so easily as they really hold bitcoin and gave a good support to it, as we saw that the price of bitcoin was trading in 2500$ level for a long time, after that the price decreased to 1800$ and once again they give support to bitcoin and now bitcoin is trading above 2100$ that is really a very good progress.

[Fundamentals Of]

Your feared mythical 1500-1800 limit might be on its way already. You might feeling more f***ed up!

Hear me bro! Keep those head of yours relaxed. Keep calm! On the contrary, if you still have some spare money there, buy more. This is temporary. This will not even last long. Less than a month is no forever. You will have your gain soon.

[jyotianand01]

BTC is not a one day or one week currency. It has a very long future. Imagine, if you buy btc in 2009, you are a millionaire today. Every market have ups and downs. It will comes regularly at some intervals. Never fear from it. It is market nature.

[aiaiwho]

Bitcoin is probably ok but you should always be careful because it is definitely a risky investment.

[Bagaji]

You are in already, there is no point to be afraid of the unknown outcome of 1st August meeting. No investment is free from risk, so I encourage you to hold for bitcoin value will be strong again no matter what happen. Many people who sell out fear are all regretting now, many of them are counting their losses all because they were afraid of loosing but at the end they all lost their investment.

[HasHe]

No need to get panic.Bitcoin price has started to recover and now its price is $2293.It seems that big whales had a great delicious meal.Soon bitcoin would cross $3000.Just be patient.After segwit activation,it would increase more.Same scenario could be expected in altcoin market also.

[OrangeII]

Calm down, I guess that's okay. You just need to secure the bitcoin you have, and all the data you have. And I do not think we need to sell bitcoin, because I think, after that, the price will definitely go up. I am so sure that the price will reach more than $ 3000

[pearlmen]

For I would say its normal to panic even the best of us panic, I did too at some point but what really matter is did we allow that panicking to get to us thereby making a rash decision in which you get to blame yourself eventually as to why didn't you wait a little bit and that's exactly ehat will be going on in the mind of many while those who bought will be rejoicing that they made the right decision. In conclusion, it will not always be rosy but at the end, everything will be Ok.

[giveen]

Are you still panicking if yes then you probably had the worst timing when you bought any particular coin otherwise the market is on a rise and this trend won't stop for the next few days , panicking in trading is common but never make the mistake of selling the coin in a loss it will surely rise in the future.

[aardvark15]

I'm sure there are a bunch of posts like this today and I'm sure you all are getting sick of hearing it. I am TRULY sorry. I'm usually VERY self sufficient, but I NEED reassurance today. I tried not to post this, but I couldn't help myself.

Been trading for around a year (crypto anyway, some pennies/forex for a few years back in college), wasn't until past few months that I started seeing REAL profit (like most I imagine...). I lost lots by panicking on those red days back in June. It turns out I don't handle this sort of pressure well. Not well at all...

Knowing this, I was going to move into fiat a few weeks back in preparation for the scaling issue FUD and corresponding dump, but I decided that I had the intestinal fortitude to keep a portion of my portfolio in small cap coins, dumps be damned. At first it was 1/10th, then 1/4, and by the end of June I was gobbling up shitcoins like hungry hippos eat white marbles, constantly telling myself "bah, I can handle any losses knowing that they are only temporary". I have about 1/2 my portfolio in low cap alts.

I was WAITING for today, for something FAR worse than today, for the mythical 1500-1800 everyone keeps talking about, the pools and pools of blood flowing like a river through the streets, yet I'm already freaking the f*ck out. It turns out my hands are not strong. Not even a little. They're like little baby hands that shake like leaves at the first sight of a daily close below 2200.

 BUT, I should continue to hodl at this point right?

 I have patience, I'll hold for years, that's not a problem, but my imagination has me thinking that the cryptobubble just burst and we'll never see prices like the past few months again. Just somebody PLEASE tell me this thought is stupid and completely without merit. That I'm not the only one hodling. To uninstall Blockfolio so that I'm not constantly grabbing my phone. That we will see 3k again by the end of the year. That it will all be OK in the end...

I'm also open to any suggestions you vets have on how you get through these times. Experience?


T.

A few years ago the price spiked from around $200 per Bitcoin to around $1000 in about a month. I decided to buy some before the prices went any higher so I ended up buying at around $1100. The price rose to around $1200 and then there was a steady decline to about $100 over about a year or so. I panicked because of all those losses.

However, the price has risen past my initial buy and to a new high price of about $3000. My point is that you shouldn't worry about a drop in price after a big increase. The price will recover as long as you are willing to wait it out.

[JustLooking7]

Its Going to be OK !

[jamsproject]

Settle down.

Several months ago, when I bought my first set of bitcoins at Paxful,
they also said It's dying, blah blah blah.

Just store your coins at a personal wallet with your own private keys and you'll be fine.

[Hazir]

Don't panic, of course, that there is no guarantee that everything will be all right in the end for bitcoin but just stop for a moment and take a look at the history of BTC.
Every time when there was a crash, FUD or some kind of catastrophic events like MtGox fail, Bitfinex fail, Chinese blockade etc. price of BTC crumbled.
But after that period of doubt bitcoin always came back stronger that ever. This time won't be any different, even in the case of fork, there will be a main prime chain which will be much more valuable that BTC is now.

[jossiel]

Everything will be fine very soon and we just need to be patient.

Focus on your long term goal that holding bitcoin is going to be the best deal.

If the price is falling, you only need to look for a better way of not touching it. The weather is fine for today but we don't know if there's going to be another storm.

[SportsbookBettor]

Don't panic because it will only lead to your loss of investment. If you believe that your investment will grow in the future then you just need to trust your guts. Other people loss if they felt that their investment is in danger and they will sell all of it in the low price then after a week of selling it then they will see their former investment recover from huge loss and they will feel bad about it.

[yasher]

I'm having the same problem, the price is very unstable and unpredictable at the moment. We don't know what this fork might bring. Some people say price will still go up, a lot says price will drop. So my option now is to exchange my coins to alts and hope for the best.

[hurain]

Panic selling is just for those people who doesn't believe on what would be the outcome of bitcoins future but for those knowledgable people around im so sure that they grab the oppurtunity of last weeks downfall. And look what happen now? they earn with that and their earning is not just cents but instead thousands of dollars, so if you still have a doubt with bitcoins then you should learn its movement so that you can figure it out on how bitcoins grow healthier.

in fact those people who do not have any experience in trading and those who do not know about the nature of bitcoin they are really panicking very soon. i think they should stay strong and wait for some time as the price of bitcoin will start increasing very soon.

[wuvdoll]

Panic selling is just for those people who doesn't believe on what would be the outcome of bitcoins future but for those knowledgable people around im so sure that they grab the oppurtunity of last weeks downfall. And look what happen now? they earn with that and their earning is not just cents but instead thousands of dollars, so if you still have a doubt with bitcoins then you should learn its movement so that you can figure it out on how bitcoins grow healthier.

That’s a sincere advice indeed. I second your suggestion. Bitcoins have volatile nature and that’s the beauty of trading with bitcoins. Bitcoins demand patience from investors. Those who remain faithful to bitcoins when market is going down, surely enjoy ride to moon when prices are again touching sky. The fall in prices should be treated as an opportunity than a misfortune.

[uslfd]

Your feared mythical 1500-1800 limit might be on its way already. You might feeling more f***ed up!

Hear me bro! Keep those head of yours relaxed. Keep calm! On the contrary, if you still have some spare money there, buy more. This is temporary. This will not even last long. Less than a month is no forever. You will have your gain soon.

Where is 1500! Was waiting for it now it's 2700. What?!