Stop worrying

[andyandyuk]

Crypto price is heavily driven by news and now large trading institutions that have the ability to manipulate price with high frequency buy/sell/cancel orders.  This is normal.

Seriously, crypto is not for you if:

1.   you are looking for short term gains and need to get your investment back in the short term
2.   you are checking the price every 5 minutes
3.   you cannot afford to lose your investment.

Many will panic sell.  This is also normal and will have minimal impact on the price compared to major investment sell-offs, which is unlikely, except to leverage an even better price. Others will be using this opportunity to buy.

There are only 2 legitimate threats to crypto:

1.   Widespread government/bank regulation or prohibition
2.   Big players and powers that be manipulating price like they have done with gold and silver for the last decade.

[YuginKadoya]

Well only big players are the ones that can manipulate the value, I really think this is not the end of the world for bitcoin if those big players really want to increase the value of the coins that are in the red zone right now, But it will sure get a momentum and would return again, And I agree that Cryptocurrency is not for the faint of heart and if they want a sure investment don't invest in Cryptocurrency.

[Michellekking]

I know that bitcoin and some other COINS have dropped a lot today. Many people are panicking and trying to control some COINS, but we need to be patient and believe they will come back soon.

[dimastegar]

to this day, the Market Cap crypto world is reduced from 800 billion dollars, to 600 billion dollars within one week. Indeed, the nominal is very large. But we need not worry, because all will be covered in the near future.
And this is our chance to buy coins at cheap prices.

[andyandyuk]

Exactly, the big players are in it to make money and I very much doubt the Vinklevoss twins are shaking in their size 14's.

The only time I would sell the majority of my stake is if non-communist countries started banning Bitcoin en masse but I can't see that happening.  Besides, elected governments are recognising the capital gains tax it brings.

[Deathgamer]

All of us should stop worrying since bitcoin would last a lifetime. Its rate will eventually go high at the perfect time. If you have stored much bitcoin then that is great since what you are going to wait is for the perfect time to sell. We all know that bitcoin dominates the present market that is why we should not worry anything. This will always be a blessing to us.

[Slow death]

These are very serious news, this is very different from the past when China closed exchange, if you go in the altcoin section you will see that many people are happy when they hear the phrase: "X coin will be listed in some Korean exchange" the price of this currency goes up soon, it shows that many people get high expectations about the Asian market and when you hear something like: "South korea will ban bitcoin" . many people panic because people think that the price of bitcoin or the altcoin that they are holding will fall and will never rise again.

[andyandyuk]

Not really.  It is a set back for South Koreans and the Chinese but that is it.  They are dictator run countries and Bitcoin won't collapse as a result.

We only need to worry if countries with elected governments clamp down hard.

[twinkledthomas]

yes you are correct. only government and big players are the threats to bitcoin. some countries are trying to ban bitcoin bcz they are thinking that bitcoin will collapse their economy. thats why the price is going down nowadays. and the big players are the one who make the price too hard to afford for the middle class men.

[cipher-x_09]

Well, you are quite right regarding that the bitcoin price is not stable and is not for people who are looking forward to short-term investments but at the same time, it is never wrong to check to bitcoin price like every five minutes if you nothing to do so. Why? Because it can grow anytime, any minutes, seconds or hours and besides it is more likely investing in stock market you have to check the value everytime you are free.

[andyandyuk]

This is not exactly accurate.  Only short term and day traders watch pricing this way.  Medium to long term traders don't do this.  They may have price stop losses and price warning triggers but that is it.  In my opinion crypto is really a long term investment.  You need big cahoons to day trade Bitcoin.  I certainly couldn't.

Well, you are quite right regarding that the bitcoin price is not stable and is not for people who are looking forward to short-term investments but at the same time, it is never wrong to check to bitcoin price like every five minutes if you nothing to do so. Why? Because it can grow anytime, any minutes, seconds or hours and besides it is more likely investing in stock market you have to check the value everytime you are free.

[andyandyuk]

To add:

World investors have been searching for an investment that has zero potential for manipulation from oversupply.  Bitcoin is it.  Bitcoin is fixed at 21M, hence it can never be devalued from oversupply like fiat or commodities.  Gold is somewhat limited but not to the same degree and hopefully not with the same level of price manipulation.

Ideally, over time its limited supply will provide a stable platform for intrinsic value that other currencies measure up against.

[tohong]

What exactly in bitcoin price today? People on the world have been anxious too much, someone got panic, so the whales can manipulate the price easily. People should be calm down and keep patient now.

[kier010]

those that are new to crypto world can't help them selves but panic and so they sell now to avoid further loss. but those that are old in crypto world do still have patience and don't worry for this dumping of price and they start buying altcoins to hold more.

[jundel]

I agree to that. I've experienced the panic buy/sell. Its not good and i've learned from that. The good thing is me doing that mistake again will lessen and my heart won't be faint if it happened again because i know i can make another buy/sell to average the price and eventually gain. It is not really short term investment. We wouldnt know what will happen. And i hope no manipulation will happened. Hoping it to be just natural.

[Pewtorn]

Thanks for this advice, it is really good to hear it. Gotta keep my composture not to panic sell in days like today.

[hoop]

On early 2104 BTC price was around $200 and few months ago BTC price was around $6K, so its a normal situation on cryptocurrency economy. No need for panic and anxiety because the cryptocurrency is the currency of the future.

[albos]

Yeah, unless its going under 7K than I was going to worry about...

[poldanmig]

On early 2104 BTC price was around $200 and few months ago BTC price was around $6K, so its a normal situation on cryptocurrency economy. No need for panic and anxiety because the cryptocurrency is the currency of the future.

the rise in bitcoin prices is quite derastis in my opinion. because in the year 2014 until the year now it rises high, it also sometimes can make friends make panic.

[stashi]

Guys, I feel most of you are overconfident of the matter.  Remember, the law of markets holds good for Crypto world too and unless the bear market falls, the bull is never gonna take on. And to see what will call in a bull market in Crypto, its the confidence and trust among large players, institutional support and a steady stakeholders. I hope in any one quadrant things should turn positive in the near future to keep the stakes high. I only wish that will happen!