GalaxyWorld
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The Exchange for EOS Community
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April 05, 2018, 03:06:19 PM |
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I do not think they will wait. The time when bitcoin is priced between 18 and 20k is December 2017. And now it's 6k8, so can you wait? According to what I think the market will be restored but if I go to that case I think I will not be enough to wait until the bitcoin rise back to that price.
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Each block is stacked on top of the previous one. Adding another block to the top makes all lower blocks more difficult to remove: there is more "weight" above each block. A transaction in a block 6 blocks deep (6 confirmations) will be very difficult to remove.
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Ingoats
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April 05, 2018, 03:19:21 PM |
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I have a friend who bought bitcoin during this peak season. When the bitcoin price was 18-20k USD. Now he is sad and disappointed seeing that the current price has dropped to 50% and more and he is afraid he is going to lose all. In short he lost his hope and faith in bitcoin already. Has anyone here did the same as he did? If you did invest in that amount what did you do to your bitcoin, did you sell it or still holding it?
Surely there are many people who made the same thing and we can't blame them for doing a thing as such. They might be thinking and expecting that time thay the increase will be comtinuous. Keep jn mind that those who invested at that amojnt won't lose profit if they will not sell,as simple as that. As such,holding is really necessary to redeem the loss at this moment. |
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Ultegra134
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April 05, 2018, 03:58:44 PM |
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I have a friend who bought bitcoin during this peak season. When the bitcoin price was 18-20k USD. Now he is sad and disappointed seeing that the current price has dropped to 50% and more and he is afraid he is going to lose all. In short he lost his hope and faith in bitcoin already. Has anyone here did the same as he did? If you did invest in that amount what did you do to your bitcoin, did you sell it or still holding it?
Surely there are many people who made the same thing and we can't blame them for doing a thing as such. They might be thinking and expecting that time thay the increase will be comtinuous. Keep jn mind that those who invested at that amojnt won't lose profit if they will not sell,as simple as that. As such,holding is really necessary to redeem the loss at this moment. I don't get why people thought it was going to keep increasing in price, even after $12.000 it seemed like a great risk to buy any coins, why would someone buy at $20.000? I do feel a little sorry for those who did, I can imagine it's a great stress for them, but it should have been expected, it was like playing with fire at such a high price. |
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MMA
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Merit: 1000
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April 05, 2018, 04:24:58 PM |
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I have a friend who bought bitcoin during this peak season. When the bitcoin price was 18-20k USD. Now he is sad and disappointed seeing that the current price has dropped to 50% and more and he is afraid he is going to lose all. In short he lost his hope and faith in bitcoin already. Has anyone here did the same as he did? If you did invest in that amount what did you do to your bitcoin, did you sell it or still holding it?
I purchased my Bitcoins in 2012, when the exchange rates were around $10 per coin. I feel bad for your friend, but please tell him that he needs to be more patient. Bitcoin is just like any other investment. There is no guarantee that you will get a positive return. But if you hold on to your coins for at least 2-3 years, then the chances are that you will get a good profit out of it. A lot of people are trading bitcoin at that price, and i think those people who are experienced and have spent a lot of time in bitcoin, i think they are holding their bitcoin so patiently, in fact they know the nature of bitcoin and expected that its price will increase too much, therefore they are not selling their bitcoin in such a low price, i think those people who do not have good experienced in trading they have sold their bitcoin because of the bearing trend for a long time. |
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nur rochid
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April 05, 2018, 05:21:00 PM |
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I do not think they will wait. The time when bitcoin is priced between 18 and 20k is December 2017. And now it's 6k8, so can you wait? According to what I think the market will be restored but if I go to that case I think I will not be enough to wait until the bitcoin rise back to that price.
i think many people also panic sell so they sell their assets despite loss. some people also sell it and buy back when the btc price falls as now. but to be able hold it until now would require extra patience |
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Hell-raiser
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April 05, 2018, 05:40:40 PM |
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I have a friend who bought bitcoin during this peak season. When the bitcoin price was 18-20k USD. Now he is sad and disappointed seeing that the current price has dropped to 50% and more and he is afraid he is going to lose all. In short he lost his hope and faith in bitcoin already. Has anyone here did the same as he did? If you did invest in that amount what did you do to your bitcoin, did you sell it or still holding it?
I purchased my Bitcoins in 2012, when the exchange rates were around $10 per coin. I feel bad for your friend, but please tell him that he needs to be more patient. Bitcoin is just like any other investment. There is no guarantee that you will get a positive return. But if you hold on to your coins for at least 2-3 years, then the chances are that you will get a good profit out of it. How likely is it that Bitcoin will reach 1M dollars in a couple of years if we take your 2012 price as a basis for our calculation? I don't think that very likely. In my view, waiting patiently when the price has already eaten away over 70% of your capital is not a very wise idea all in all. You have to be proactive because otherwise you are set to turn into a bag-holder one day. And this day may have already come. In general, it is not a matter of luck or lack thereof. Rather, it is a matter of statistics and time. |
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winterland
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April 05, 2018, 11:27:26 PM |
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Unless I need money to buy some urgent need I wouldn't sell it. With time every thing would be normal and the price would go beyond 20k USD. Then you shall rejoice again. Just be patient and you will overcome this present situations of price.
Selling is such a bad idea that it is difficult to imagine that there is still people thinking of selling at this point, the only thing that can happen if you sell right now is that you will lose money and maybe I'm mistaken but investors are not putting their money at risk just to lose money, we want to earn more money and if that means that I need to hold for many years then that is what I will do. |
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michellee
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April 06, 2018, 04:39:36 AM |
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Unless I need money to buy some urgent need I wouldn't sell it. With time every thing would be normal and the price would go beyond 20k USD. Then you shall rejoice again. Just be patient and you will overcome this present situations of price.
Selling is such a bad idea that it is difficult to imagine that there is still people thinking of selling at this point, the only thing that can happen if you sell right now is that you will lose money and maybe I'm mistaken but investors are not putting their money at risk just to lose money, we want to earn more money and if that means that I need to hold for many years then that is what I will do. yes, we are going to lose our money if we decide to sell right now. I think people which buy bitcoin at $18k-$20k will still hold their bitcoin for a long time because this is what they can do now unless they sell when the price is still at $15k. but no one will know that the price finally down into $6k-8k and they think that after the down of the price, it will increase higher but the reality, the price is going to down again and again. |
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Visbay
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April 06, 2018, 08:18:14 PM |
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I have a friend who bought bitcoin during this peak season. When the bitcoin price was 18-20k USD. Now he is sad and disappointed seeing that the current price has dropped to 50% and more and he is afraid he is going to lose all. In short he lost his hope and faith in bitcoin already. Has anyone here did the same as he did? If you did invest in that amount what did you do to your bitcoin, did you sell it or still holding it?
I purchased my Bitcoins in 2012, when the exchange rates were around $10 per coin. I feel bad for your friend, but please tell him that he needs to be more patient. Bitcoin is just like any other investment. There is no guarantee that you will get a positive return. But if you hold on to your coins for at least 2-3 years, then the chances are that you will get a good profit out of it. A lot of people are trading bitcoin at that price, and i think those people who are experienced and have spent a lot of time in bitcoin, i think they are holding their bitcoin so patiently, in fact they know the nature of bitcoin and expected that its price will increase too much, therefore they are not selling their bitcoin in such a low price, i think those people who do not have good experienced in trading they have sold their bitcoin because of the bearing trend for a long time. Right time for trading can be the low price and waiting, I hold my bitcoin which gives me a lot of money, but in trading you will have to trade for a lot of time like day trading does not make any sense, for me it is worst time to sell bitcoin when the market is down because bitcoin is really very reliable and safe investment so no need to sell, patience gives us strength to hold and wait for long time,. Holding or selling will completely your own decision so be careful don’t be like those who had lose but try to be like them who are earning high amount of money. |
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tonylewisverdu
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April 06, 2018, 09:29:06 PM |
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I also want to know what the feeling of those people who entered at 18000usd.. but lets hope market will reach another all time high
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yugyug
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April 06, 2018, 10:57:21 PM |
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It is the same scenario for about 4 years ago when the bitcoin hit almost 2000 USD ATH on Jan 2014 and then it suddenly collapse during the downfall of MtGox exchange sabotage where the price drops to 800 USD in less than a month and the price continue to drop in a span of 2 years where it almost reach to 200 USD, many bitcoin investors are very sad on that time. It also worsen when Warren Bufett talks about bitcoin is a bubble. If you are FUDder at that time and not a true bitcoin believer you will end up of panic selling and regret afterwards when the price recover during the year 2016 to 2017 but it also take almost 3 years to wait.
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Lomberjack
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April 06, 2018, 11:09:32 PM |
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I have a friend who bought bitcoin during this peak season. When the bitcoin price was 18-20k USD. Now he is sad and disappointed seeing that the current price has dropped to 50% and more and he is afraid he is going to lose all. In short he lost his hope and faith in bitcoin already. Has anyone here did the same as he did? If you did invest in that amount what did you do to your bitcoin, did you sell it or still holding it?
That was the main reason why I am afraid of investing at a high price because I better know that although it was attractive to do such thing because of that high price Bitcoin have possessed, still its volatility is making its way to drop the price down making big investments during the peak season to drop in price making such investments to suffer into a great loss from their initial amount they have when they have invested at a high price. So better think that before investing that your money should go rising not into dropping because you are investing to earn profit not great losses. In that case, better hold for a while until you can get through regain your loss. |
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lifengpu
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April 07, 2018, 12:10:54 AM |
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those who invested at that time counted on the fact that bitcoin would continue to rise in the price range, but they were mistaken
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lamadu3
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April 11, 2018, 07:24:51 PM |
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Well they have to keep holding and waiting patiently until the price go up highly again. They haven't many solutions, if they sell with this actual BTC rates, their losses would be really big. I think most of them studied the market well before investing, and have already their plans to keep holding for long term, even for several coming years.
They have the other way out - why not trying to learn more about the existing ICOs and invest in these projects? They will not lose anything - the only risk here is to pick a project. |
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djselery
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April 11, 2018, 07:33:53 PM |
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Well they haven't many choices, they are almost forced to keep holding their Bitcoin until the price go up highly again, it can taking few years until BTC reach $20k again, but it is always better to wait than selling with low rate and making big losses.
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MrRiuss
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April 11, 2018, 08:26:31 PM |
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if so, just hold it. i think there are a lot of people who also buy at peak.
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Luwi
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Personal text: “The Internet of Sovereignty”
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April 14, 2018, 07:06:35 AM |
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I don't have experience myself, because I have not enough money to buy bitcoin. I think a lot of people have experience like your friends. Investing bitcoins is very risky, it takes experience and patience. You should convince your friends to hold their bitcoin, because your friends are now getting panic. Give references and descriptions to your friends, maybe in the future, bitcoin price will be more than $ 25000. Hold bitcoin until the expected price. Patience is the key to success in bitcoin investing.
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lifengpu
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April 14, 2018, 07:54:51 AM |
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I think that many when they invested at that price did not expect such a fall they believed that prices continue to increase, but now for them the best solution will be the expectations of a price increase
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winterland
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April 14, 2018, 11:33:42 PM |
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I also want to know what the feeling of those people who entered at 18000usd.. but lets hope market will reach another all time high
It is very likely that those that invested at 18000 dollars are pretty hopeless about their situation because I think that most of them were new investors and the reason for this is that I find very difficult to believe that there were people that were experimented with bitcoin and decided to invest at such point, one of my very own rules about when to invest is to never invest when bitcoin has reached an all time high and that is a rule that I have no intention of breaking. |
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Inkdatar
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April 14, 2018, 11:41:54 PM |
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Do not sell bitcoin but hold bitcoin and be patient waiting for an increase in bitcoin prices. Bitcoin will not fall apart but will surely increase again. Keep thinking positive, you will benefit from bitcoin.
Yes, you have point do not sell bitcoin unless it reaches more than the price you bought. Many of us had bought at peak price since it was already happen, our choice is to hold price of bitcoin this year will soaring high for sure. When their is down their is an up of price. Thinking of positive could also help and remain calm to hold our btc. |
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