CalyxEST
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February 08, 2018, 05:15:59 AM |
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For anyone who is panicking at the market-wide price drops, please don't! There is no reason to panic. Look long-term, don't look at price charts over the last week or month, look at them over the last year and see the pattern of rises followed by pullbacks... but the course is always upwards.
If you're new and bought in during December and now see huge losses... the worst thing you can do is sell now. Prices will increase in the long term. The current dip is just a correction to the wild excesses of last month. Don't panic!
If the prices you can see now are lower than the prices that you bought in at, then the best thing you can do is buy more. Why? This will lower your average entry price.
If you bought bitcoin at $16000 and see it now at $8000, the course of action is clear: buy the same amount at $8000, and your average entry point is no longer $16000, it's (16000+8000)/2=$12000.
Don't sell, buy!
Word Mate  |
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zircon
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Activity: 117
Merit: 10
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February 08, 2018, 05:20:53 AM |
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yes, look at the market now. It is increasing again. Let's buy altcoins now and wait for the big profit in the future. cryptocurrency can not die
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kendra1107
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February 08, 2018, 05:26:20 AM |
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For anyone who is panicking at the market-wide price drops, please don't! There is no reason to panic. Look long-term, don't look at price charts over the last week or month, look at them over the last year and see the pattern of rises followed by pullbacks... but the course is always upwards.
If you're new and bought in during December and now see huge losses... the worst thing you can do is sell now. Prices will increase in the long term. The current dip is just a correction to the wild excesses of last month. Don't panic!
If the prices you can see now are lower than the prices that you bought in at, then the best thing you can do is buy more. Why? This will lower your average entry price.
If you bought bitcoin at $16000 and see it now at $8000, the course of action is clear: buy the same amount at $8000, and your average entry point is no longer $16000, it's (16000+8000)/2=$12000.
Don't sell, buy!
Which is why we should not make it a habit to check the charts on a daily basis. Just let your investments be for a few months to a year and there’s a huge possibility that our investment would have gained big profit. Something that traders should learn and adopt. |
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Zooplus
Legendary
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Activity: 1106
Merit: 1000
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February 08, 2018, 05:52:48 AM |
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yes, look at the market now. It is increasing again. Let's buy altcoins now and wait for the big profit in the future. cryptocurrency can not die
That's quite good to hear, I also see the market that way, at least this time the price is stable at $8,000 so we can expect it to grow in the coming days. Let us not panic because this is not the only time it will drop, more situations like this will happen and we still have to remain strong. |
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anhhung409
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February 08, 2018, 05:57:45 AM |
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If anyone thinks like you, the market will not be crumbling like it is now. Most people are nervous, worried about the price of Bitcoin and some other Altcoin drops. However, it is only temporary and I assure you that it will increase in the near future. Almost everyone loses patience with that. So they sell out what they have, causing the market to collapse and become increasingly bleaks
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DroidR17A
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February 08, 2018, 06:42:47 AM |
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I think we've probably hit the bottom, and are back on the road to recovery. If you read the crypto press, the analysts are still very bullish, predicting BTC at $50k and a combined market cap in excess of 1 trillion dollars by EoY. Hold tight my brothers and sisters, and buy while it's low, if you can spare the cash.
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pabpete
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February 08, 2018, 06:51:46 AM |
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I think we've probably hit the bottom, and are back on the road to recovery. If you read the crypto press, the analysts are still very bullish, predicting BTC at $50k and a combined market cap in excess of 1 trillion dollars by EoY. Hold tight my brothers and sisters, and buy while it's low, if you can spare the cash.
It is true that everyone is looking in the future of Bitcoin very positively (including me), but about the current correction, specialists in technical analysis say that it is not the end of price drops. But of course, selling in this moment would be a bad decision. |
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eydrea
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Activity: 235
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February 08, 2018, 06:58:07 AM |
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Dont panic because of the continious drop of prices in cryptocurrency market. We all know that these coins will soon rise up and recover its normal price. Do not make a decision because youre in a panic. Do not sell your coins now, keep buying because this is one of the best time to invest on it. Keep your calm before making decision.
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n1drow
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February 08, 2018, 07:07:16 AM |
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the prices are already growing, hope u didn't panic and bought some more coins
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Kilomans
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February 08, 2018, 07:09:02 AM |
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It's ok to panic because panic will put some cryptocurrency traders and investors advantage. I mean, have we don't earn much money without them, right?
I'm feeling Thankful for the weak hands because for me I deserve their hard earned money and that's being the tool for tendering their money into the patient investors and optimistic Hodlers.
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dirgayeah
Full Member
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Activity: 868
Merit: 103
*Indonesian Professional Translator and BM*
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February 08, 2018, 07:09:46 AM |
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For anyone who is panicking at the market-wide price drops, please don't! There is no reason to panic. Look long-term, don't look at price charts over the last week or month, look at them over the last year and see the pattern of rises followed by pullbacks... but the course is always upwards.
If you're new and bought in during December and now see huge losses... the worst thing you can do is sell now. Prices will increase in the long term. The current dip is just a correction to the wild excesses of last month. Don't panic!
If the prices you can see now are lower than the prices that you bought in at, then the best thing you can do is buy more. Why? This will lower your average entry price.
If you bought bitcoin at $16000 and see it now at $8000, the course of action is clear: buy the same amount at $8000, and your average entry point is no longer $16000, it's (16000+8000)/2=$12000.
Don't sell, buy!
if you already buy on december 2017, just HOLD it. we have the challenge on this early years. Im still holding my Ethereum , Latium, INS and many potential coin. and I still believe there's much surprise from bitcoin on this years. the real crypto Man are Patience for HOLDING. |
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SaoAccel
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Activity: 378
Merit: 16
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February 08, 2018, 07:15:25 AM |
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Yes, I agree with that strategy and At the moment I see it is already working now Bitcoin is already recovering from it's great downfall last week.
I think for a great investment on crypto to grow the key is HODLING it no matter what happen.
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Jonsnowstark
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February 08, 2018, 07:44:10 AM |
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For anyone who is panicking at the market-wide price drops, please don't! There is no reason to panic. Look long-term, don't look at price charts over the last week or month, look at them over the last year and see the pattern of rises followed by pullbacks... but the course is always upwards.
If you're new and bought in during December and now see huge losses... the worst thing you can do is sell now. Prices will increase in the long term. The current dip is just a correction to the wild excesses of last month. Don't panic!
If the prices you can see now are lower than the prices that you bought in at, then the best thing you can do is buy more. Why? This will lower your average entry price.
If you bought bitcoin at $16000 and see it now at $8000, the course of action is clear: buy the same amount at $8000, and your average entry point is no longer $16000, it's (16000+8000)/2=$12000.
Don't sell, buy!
I couldn't agree more. I'm hodling my coins as well and of course enjoying having to buy them low with this dip. Selling is the last thing in mind knowing that the market will recover, if not now, probably in the long run. Most of thepeople who panics are those new to thecrypto world. The longer you stayed in crypto, the more you will understand how it works. The golden rule we follow is buy them low and sell them high, and to never sell when you're at a loss. |
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kriptoman22
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Activity: 2
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February 08, 2018, 07:44:40 AM |
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Dont panic guys. Only the newbies are panicing. Hodl.
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zhangcaisbsbn55
Member
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Activity: 308
Merit: 10
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February 08, 2018, 07:59:10 AM |
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For anyone who is panicking at the market-wide price drops, please don't! There is no reason to panic. Look long-term, don't look at price charts over the last week or month, look at them over the last year and see the pattern of rises followed by pullbacks... but the course is always upwards.
If you're new and bought in during December and now see huge losses... the worst thing you can do is sell now. Prices will increase in the long term. The current dip is just a correction to the wild excesses of last month. Don't panic!
If the prices you can see now are lower than the prices that you bought in at, then the best thing you can do is buy more. Why? This will lower your average entry price.
If you bought bitcoin at $16000 and see it now at $8000, the course of action is clear: buy the same amount at $8000, and your average entry point is no longer $16000, it's (16000+8000)/2=$12000.
Don't sell, buy!
That is right in some ways and we need to do the right thing at the bad moment. |
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Danilotot
Jr. Member
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Activity: 378
Merit: 1
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February 08, 2018, 08:16:21 AM |
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you're right. Do not be afraid of the big collapse of market tokens as you study these tokens. the token tokens of a year will be overpriced by the market value. And if you study these tokens it's still pretty good today's statistic is pretty low right now but it's going to be high and it will increase too.
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iLatios
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February 08, 2018, 08:20:15 AM |
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Thanks for your post!
A lot of drops are caused by panic. If we are calm, the cryptosituation will be stable in any case. After reading some news and seeing that the price becomes low, people sell coins that causes more drops.
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feelideb
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fLibero.financial
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February 08, 2018, 08:21:06 AM |
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It is easier said than done. If you fear you will panic and fear is at the very root of losses and your daily interaction with the market. I will advice cryptocurrency investors and trader to consider what they are willing to lose and invest it, this singular act will wipe away all fears.
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Steadfast20
Jr. Member
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Activity: 104
Merit: 5
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This is the called "Survival of the Fittest". Weak hands will panic and strong hands will prevail. The problem for some investors is that they see profit in short term and not long term so if they see that the price will decrease, they will sell at a loss and if the price increases after they sell they will say "Ohhhh shit, why did I sell at this price". Now they lost. The pro investors will say "The price of bitcoin is crashing, another opportunity to buy bitcoins". I hope this is the mindset of most investors in bitcoin. Don't panic sell and just hodl if you're at a loss.
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sikko
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February 08, 2018, 08:29:06 AM |
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do not be afraid that you will not panic. The best thing we can do in this process is to be able to stay calm and keep investing so that there will be very serious increases in the general sense that will pass these days. I think it may be a long process but it will definitely be up to you.
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