BITCOINCORRECTION

[Crypto_Happy_Sad]

For all the newbies and existing noobs, from the little knowledge I have,i have seen three different corrections vth d BTC prices this year,may be around may be vn it touched 3k it dipped nd bounced bk ,same observation vn it hit 5k,10k and 18k,its all aboutthe patience and the trust you have on the blockchain technology nd decentralized platform!

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[cpfreeplz]

Newbies that aren't used to the volatility kind of freak out when things drop 30%. It's always been the way. If they stay around, they'll do well. If they decide to sell back to fiat they're just screwing up their future. No big deal. I'll still be heavily invested in Bitcoin.

[Crypington]

Best advice I’ve heard (on CNBC of all places) is put 1% of your net worth into bitcoin and don’t look at it again for 10 years.  You’ll probably make a fortune and not freak at every “crash”. 

I can’t do it, though.  I love Cryptos and want to follow all the new developments.

[Crypto_Happy_Sad]

Totally agreed ,they say when you are not ready for 30% dip then u shudnt be ready for the 50% UP so its all ur mind and the investment,it obviously freaks out vn u invest and vn things go the other way ! So just dont keep watching the charts every minute and give it sometime Hope that makes sense !

[bizul]

... just dont keep watching the charts every minute ...

As a new member to cryptos along with my lack of knowledge in trading, this was exactly what I was doing 
I did make small profit everyday by riding the 1-minute-wave but when it drops I freak out and sell at a loss. This just doesn't work. Trading is not for me.
Funny thing, when it drops, my brain goes crazy and starts to think like this:

"OH NO! the whole market is going down, people are giving up on bitcoin and cryptos. SELL NOW AND SAVE YOURSELF!!!!!!!1"

I lost some money due to being hasty, restless   wrong decisions killed my enthusiasm. After a while, I stopped counting how much I lost.
The first loss was hard on me, but the next one was always less difficult after a while I noticed that I have a smirk when I lose at least I don't have a family to support.

[stompix]

Best advice I’ve heard (on CNBC of all places) is put 1% of your net worth into bitcoin and don’t look at it again for 10 years.  You’ll probably make a fortune and not freak at every “crash”. 

I can’t do it, though.  I love Cryptos and want to follow all the new developments.

The advice does look good on paper but in reality it will never work...
Why? Because simple mathematics

For bitcoin to grow 100x the possibility indeed exists but it will be a very tough road and beyond that ....1000x looks almost impossible.
So, putting 1% of your investment into bitcoin might double your whole capital.
Of course it looks nice, but it won't work because of greed.

Everyone will go...so I will double my money,no.. I want to make it 10x, no wait 100x ,or even better
So they end up putting 10%, all their money, taking loans...and so on

Good advice but probably less than 1% are going to put in 1%.

[jtbcoins]

Correction of the some cryptocurrency - it's a normal thing. People that hold it even when it drops are smarter that the people who selling it at low price.

[Crypto_Happy_Sad]

In the starting stages,that did happen to many newbies,considering CRYPTO to trading but that was wrong but anyways its all part of learning but it shouldnt be an expensive learning Learn more about the block chain technology and the beauty in it and then get into it so you will be safe on your FIAT !

[Glutius]

And what is the question. Are you waiting for correction bitcoin or just warn all newcomers of the possible consequences? But dear, you're not a psychic to know what's ahead. You are a passive participant of actions with a big imagination, who believes that someone can listen to his predictions. It is a great responsibility to advise someone to do something with their money. Careful.

[rodskee]

For all the newbies and existing noobs, from the little knowledge I have,i have seen three different corrections vth d BTC prices this year,may be around may be vn it touched 3k it dipped nd bounced bk ,same observation vn it hit 5k,10k and 18k,its all aboutthe patience and the trust you have on the blockchain technology nd decentralized platform!

I understand to you mate don't panic just relax bitcoin dip as the figure amount you pointing out for bitcoin dip in a kowest price of 5k and bounceback again after the correction thats why i always trust to hodl bitcoin as my savings because after dip raised again the amount value more than the old price in the marketcap.

[Luxrid]

Newbies that aren't used to the volatility kind of freak out when things drop 30%. It's always been the way. If they stay around, they'll do well. If they decide to sell back to fiat they're just screwing up their future. No big deal. I'll still be heavily invested in Bitcoin.

That's true. I invested in some coins that were joke compared to Bitcoin and everything gave me profit.
Just invest locked it up and follow the news. There is what you need to know.

[Crypto_Happy_Sad]

Few ICOs are scam and are to make money but few are genuine but the genuine part is your luck and scam part is quiet often here now ! So goodluck for the hardworking developers for the new ICOs and the scammer ICOs ,please get a LIFE !

[cue]

Yes, I am newbie on this cryptocurrency world.  When the bitcoin correction made, I panicked and sold it right away before it would dip so down.  But lesson learned when it came back, it bounced with a higher price than I had before I sold it. =) Will still hold next time if there's any correction in it.

[hoodi]

So where is a question? or is it just statement about correction ? Yes it exists and yes we need to be patient.

[Xenrise]

Well, I can say that this correction is pretty normal as it is. There is nothing to worry about in this correction. But I am telling you guys, after this correction, BTC will moon.

[fiulpro]

Well bitcoins..are something...that are unpredictable,  and when the time moves forward... Then there are things that the crypto currency world that faces...and right now.. the things are going down for a while and I do think it's fair enough because it was going up .. too.

And times like this are interchangeable and there will be some days ..when the bitcoins will soon reach their own value..that is somehow.. acceptable.

Also bitcoins future.. and other things are just .. making its roots stronger.. I feel that after the new year , the bitcoins will increase in value and everyone will be able to gain profit.

We just need to wait..for that time to happen.

[Gozie51]

For all the newbies and existing noobs, from the little knowledge I have,i have seen three different corrections vth d BTC prices this year,may be around may be vn it touched 3k it dipped nd bounced bk ,same observation vn it hit 5k,10k and 18k,its all aboutthe patience and the trust you have on the blockchain technology nd decentralized platform!

For me, I also see that this present correction has been completed at $11,000 mark. The coin is getting set for another break at $15,000. Meaning, this is a time to buy and follow the upward ride to profit taking.

Newbies that aren't used to the volatility kind of freak out when things drop 30%. It's always been the way. If they stay around, they'll do well. If they decide to sell back to fiat they're just screwing up their future. No big deal. I'll still be heavily invested in Bitcoin.

I do not think that selling off what one has is screwing one's future rather one is using what they have to solve their problems. Therefore, selling off fractions of bitcoin when you don't have any other financial help is helping your situation by yourself. I do that too when I don't have what else to help myself. Bitcoin has been helpful.

[akram143]

For all the newbies and existing noobs, from the little knowledge I have,i have seen three different corrections vth d BTC prices this year,may be around may be vn it touched 3k it dipped nd bounced bk ,same observation vn it hit 5k,10k and 18k,its all aboutthe patience and the trust you have on the blockchain technology nd decentralized platform!

Price bumps and dumps becomes normal property of bitcoin because the price of bitcoin getting very expensive now a days.So day trading is very unpredictable job so it is better to hold some bitcoins in long term to make enough profits which required to live happy life in future.

[short round]

yeah, my brother is always chatting about cryptocurrencies and has piqued my interest, he will say again and again that you must be patient. I've just signed up to coinbase and am in the process awaiting verification, looking forward to finding out more.

[ridgeview123]

I tried to trade short term before thinking I could ride the waves. But it didn’t turn out well. The more attention I paid to the market, the more implusive decision I made. In the long run, the return on frequent trading is not as good as long term holding because one or two wrong decisions could cost all gains. So I will just leave them there and check periodically from now on.