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Author Topic: DON'T PANIC. HOLD YOUR BITCOIN.  (Read 1507 times)
hahahafr
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January 14, 2018, 05:19:54 PM
 #201

I will never understand why there are some people who are always looking for selling their bitcoins as fast as they can. Or just like those who buy X coin and they sell it inmediately after it makes them a 10% of profit.. It is always the same situation.




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January 14, 2018, 05:45:56 PM
 #202

Bitcoin price seem to stabilized at the range of $13k to $14k and it hard to predict when will it soar again like in the past. If this price consolidation is nearing its end then it will going to rise again soon unless there is another FUD news that might affect it. Some people still panic from some unverified news like the reported banning of cryptocurrency trading in South Korea by its Ministry official causing bitcoin price to fall. When bitcoin holders overcomes by panic, selling ensues so it is better to avoid it and always verify the source of the news before turning it into FUD.  
I think that if Chines announcement about bitcoin banning could not effect bitcoin, i do not think that South Korea act of banning bitcoin will effect the growth of bitcoin too much. To me we can expect that bitcoin price will very soon start increasing and we will very soon see the price of bitcoin trading above 30000$. Therefore i think investment in bitcoin in present time can be more profitable.

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EinaiOraCoinDev
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January 14, 2018, 06:32:08 PM
 #203

Just hold.. i have been holding most of my coins since 2014, and it is not an easy thing to do, and more when you see that you are over a x30, hell, that is true, but it hurts some times. but i still have hope on that it will keep going up.
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January 14, 2018, 07:05:39 PM
 #204

Just hold.. i have been holding most of my coins since 2014, and it is not an easy thing to do, and more when you see that you are over a x30, hell, that is true, but it hurts some times. but i still have hope on that it will keep going up.


Holding of bitcoin is always best option. You can sell when the price of bitcoin reaches maximum value. If you sell due to panic, everything will be loss for you.Many bitcoin holders became a millionaire when the price of bitcoin reaches 19000$.
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January 14, 2018, 07:58:44 PM
 #205

Yes I agree with you. It's time to buy bitcoin for more profit in second or third quarter of the year. Just hold and wait to pump the price. You may stop loss if you don't panic about the price of bitcoin. Stay calm and wait for good profit.
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January 14, 2018, 08:34:58 PM
 #206

Yes I agree with you. It's time to buy bitcoin for more profit in second or third quarter of the year. Just hold and wait to pump the price. You may stop loss if you don't panic about the price of bitcoin. Stay calm and wait for good profit.

It is better to hold no doubt, but I wonder if its the right time to buy even more of Bitcoin as I doubt it can or might dip little more. All over the market is showing bearish movement, I hope it ends soon and we can see bull running like anything. But if anybody want to take risk and doesn't has panic problems go ahead. Few altcoins are down quite low, try finding them and focus upon them I would suggest.

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January 14, 2018, 08:48:00 PM
 #207

Well... i have been holding a lot of bitcoins since the price was less than 500% from what it is right now, i do not consider myself as a wealthy guy. In fact, a few years ago i used to had more than 50 - 60 bitcoins on all my wallets, but i spent them all in ugly stuff.. they were less than $300 at that time.

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January 14, 2018, 08:52:10 PM
 #208

There is no room for panic when it comes to investment question. Decisions connected to money must be taken with a cool head. And now of course it is not the time to rush and sell you bitcoins no matter what FUDers say
That's right, any changes of price really take challenge and falling of price is very tempting to surrender. But it should not what we think of it, investment is just a way of risking our money and surrender is not a good thing to do. Our courage must be on top, and we should always be positive.
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January 14, 2018, 08:52:24 PM
 #209

I always say that. Don't freak out. Hold your coins, buy more if possible, you'll be glad if you do so.
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January 15, 2018, 04:37:45 AM
 #210

Instead of focusing on buying bitcoin people tend to get nervous when price suddenly drops down to the point that in which their trust and belief on bitcoin also goes down. We are accustomed and used to bitcoin price tend to always goes up we forget the fact that bitcoin price is unstable and the price will always varies upon how much we people demand on it.

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January 15, 2018, 04:39:33 AM
 #211

It's quite simple, if the price is lower than your expectations, then you either buy some more, or you hold what you already have. If the price is higher than what you expect, then it's time to consider selling, unless you want to continue holding for even bigger and better rewards down the road. A good trader will never sell on the way down. Every market is volatile, but BTC takes it to another level. Just need to wait out the storm, there are brighter days coming.
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January 15, 2018, 01:52:01 PM
 #212

I'm also sure that bitcoin will grow and grow well. Now the best strategy is to keep bitcoin. Do not worry who is in the drawdown, now the most important thing is to keep and not close the position.
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January 15, 2018, 01:59:56 PM
 #213

It's quite simple, if the price is lower than your expectations, then you either buy some more, or you hold what you already have. If the price is higher than what you expect, then it's time to consider selling, unless you want to continue holding for even bigger and better rewards down the road. A good trader will never sell on the way down. Every market is volatile, but BTC takes it to another level. Just need to wait out the storm, there are brighter days coming.

Yes hodling Bitcoin isn't that easy as many expect it to be in the beginning.
Even hodling can be very stressful.
Watching your potfolio going down in value 40+ percent in a matter of days or weeks and shitcoins pumping like hell makes many people asking themselves if they are doing the right thing. This is the moment where men separate from the boys.
I mean we are down to 13-14k and ranging like 3-4 weeks. So many people have no patience cause they were used to this 2 year constant up moves.
Imagine 6 months of sideways and every up move getting destroyed. I could imagine lots of newbies losing faith and selling the bottom.
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January 16, 2018, 06:01:31 PM
 #214

Bitcoin price seem to stabilized at the range of $13k to $14k and it hard to predict when will it soar again like in the past. If this price consolidation is nearing its end then it will going to rise again soon unless there is another FUD news that might affect it. Some people still panic from some unverified news like the reported banning of cryptocurrency trading in South Korea by its Ministry official causing bitcoin price to fall. When bitcoin holders overcomes by panic, selling ensues so it is better to avoid it and always verify the source of the news before turning it into FUD.  
It’s true that there is no need to make panic because you can lose in panic and bitcoin don’t accept panic because it’s a money and you have to be very careful about it but it’s not important to keep on hold bitcoin for a long time you have to check the price of bitcoin if you come to know that its price is going high so then you can sell bitcoin and can take your profit because holding and selling is a very good source of income.
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January 16, 2018, 06:36:39 PM
 #215

It's quite simple, if the price is lower than your expectations, then you either buy some more, or you hold what you already have. If the price is higher than what you expect, then it's time to consider selling, unless you want to continue holding for even bigger and better rewards down the road. A good trader will never sell on the way down. Every market is volatile, but BTC takes it to another level. Just need to wait out the storm, there are brighter days coming.

Yes hodling Bitcoin isn't that easy as many expect it to be in the beginning.
Even hodling can be very stressful.
Watching your potfolio going down in value 40+ percent in a matter of days or weeks and shitcoins pumping like hell makes many people asking themselves if they are doing the right thing. This is the moment where men separate from the boys.
I mean we are down to 13-14k and ranging like 3-4 weeks. So many people have no patience cause they were used to this 2 year constant up moves.
Imagine 6 months of sideways and every up move getting destroyed. I could imagine lots of newbies losing faith and selling the bottom.

I would say for now the situation is under control yet. The support price is near $10.000, and BTC is pricing $11.000 at this moment, predictable scenario. Bitcoin had two alternatives some days ago, to pump to a new record/resistance line price, or to dump to the support line, what is happening now.

It's indeed very disappointing to see our money losing price so fast like this, but if we are here it's because we trust Bitcoin and everything it represents, on the long term it won't deceive us. After a big storm, the lull comes, then prosperous winds approaches again.

 
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January 16, 2018, 06:53:46 PM
 #216

DON'T PANIC. HOLD YOUR BITCOIN.

I think temporary drop, don't panic, be patient.
Bitcoin price will increase soon.
It's time to buy bitcoin.

Panic is one of the worst things you can do in trading. You are then making decisions with your heart and with your head and your heart always wants to hold on to what it's still got instead of thinking about if it can achieve more if it waits.
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January 16, 2018, 08:57:23 PM
 #217

Recently as the price didn't move forward panic prevailed among the user community and the same could have caused to switch to some other assets. Now slowly people might have started to return back towards bitcoin. This is all because of the market variations happening with regard to the inflow and outflow of fiat.

Why keep Bitcoin? I sold Bitcoin when it was more than 19,000 dollars, and now I'm buying Bitcoin and I expect it to grow.
If you did then you made a really good play since you sold almost at the top which means that you timed the market perfectly and that almost at any price that you buy you are going to get more bitcoin than the one you sold, I would like to do that but I'm a terrible trader.

 
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January 17, 2018, 09:29:49 AM
 #218

Everyone of us panic when the price goes down ,like me I do panic when its dump and it makes me stress ,I cant control my emotions when its dump.But for now I still hold my bitcoins hoping for pump again and get back my looses.Being panic cannot helps us to improve our learnings in trading.
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January 17, 2018, 10:46:53 AM
 #219

I felt panicked only on the first day. However, after that just relax. I do not need to worry about declining bitcoin price, because my goal of investing in bitcoin is to see bitcoin above $25K. Whenever the time, I will survive to hold it.
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January 18, 2018, 01:36:47 AM
 #220

I agree with you
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