Message to all people who panic when crypto price goes down!

[crazyivan]

Why do you panic? Why?

IF YOU DO NOT SELL, YOU DO NOT LOSE ANYTHING! YOU LOSE THE MOMENT YOU SELL, after you purchased high and buy low. It does not matter what is the price ATM, the only thing which matters is what is the price when you decide to sell. So, to shield yourself from losing money, DONT sell under the price you bought it.

If you trust in crypto and believe it ll bounce back, WHAT THE FUCK IS THE PROBLEM AND WHY PANIC?

If you do not trust in crypto and you have doubts whether it ll bounce back, well, in that case you are in the wrong industry and you shouldn't have invested in crypto in the first place.

So knowing this, what is the problem again?

EDIT: This post was created on February 6, 2018 when BTC price reached $5920. After a few days, it recovered to $8k. Will keep this ledger so people know Bitcoin ALWAYS recovers!

[TheGodson]

A lot of people bought crypto without knowing exactly what it was. I convinced my brother to get Bitcoin. He did, but he has no idea what it is. I think a lot of people are doing just that. They've bought in without knowing what they are buying and now those same people are exiting. Honestly, it is pretty depressing. I'm still up from when I got in, but it just hurts really bad seeing all this money drop.

This is also the first time that Bitcoin has gone mainstream. This truly may be the beginning of the end for bitcoin and cryptocurrency as we know it. I'm hoping not though. I still have some more buy orders for lower with the money where I sold when Bitcoin was at 18k. I only sold 11% though. Every day feels like it is getting worse and worse.

I have a tab at the top of my computer right now. $5,930... $5,922... $5907... $5902... $5900... $5887... $5877.01 It just keeps dropping lower and lower.

[Wall-ET]

Why do you panic? Why?

IF YOU DO NOT SELL, YOU DO NOT LOSE ANYTHING! YOU LOSE THE MOMENT YOU SELL, after you purchased high and buy low. It does not matter what is the price ATM, the only thing which matters is what is the price when you decide to sell. So, to shield yourself from losing money, DONT sell under the price you bought it.

If you trust in crypto and believe it ll bounce back, WHAT THE FUCK IS THE PROBLEM AND WHY PANIC?

If you do not trust in crypto and you have doubts whether it ll bounce back, well, in that case you are in the wrong industry and you shouldn't have invested in crypto in the first place.

So knowing this, what is the problem again?

nice said, It is a bit wrong, but yeah, if you do not trust crypto - what are you doing here!?!?
But about the investing and not losing until you sell... - you are wrong.
You will lose even more if you do not sell and it crashes to 0...
The question is why you got in when it was that high and if you did and now you panic, you deserve to lose your money, as you have trowed them away the moment you buy something you have no idea what it is and what is happening with it...


In other news: the price will be going down for few months to come, at least, so maybe it is a good idea to think how you can benefit from all this movement.
But again be careful and DO YOUR HOMEWORK!!
NEVER INVEST MORE THEN YOU CAN LOSE!!!
Never invest in something you do not understand...
and so on

Good luck and happy to see my expectation of downtrend in jan 2018 was correct...

Let's see if / when it will hit my target for bottom...

[fuer44]

those who panic will immediately sell their coins in low sell orders because they want to quickly get their money before the price goes down. this is a moment that has been eagerly awaited by the buyers who bring a large shopping cart and want to buy all the coins sold in low sell orders. my message to you, don't panic and don't be too quick to take the decision to sell your coins in low sell order, at least selling in hight order although it takes a little time. better still if you want to be patient and hold again for longer time.

[moamin77]

I totally agree with you but I also believe the current price plunge is not only caused by 'non-believers in Crypto' that happened to get in but also by many believers who 'maybe' changed their mind or decided to take some rest from all the hassle and uncertainly out there

[Antonas1]

I don't care with those people, if they are panic then the price will be cheaper, and this is our profit.
So I would choose to keep quiet and keep buying as long as the price goes down, I take the risk

I believe this: "Bitcoin will be going up and go to the moon again"

[ajjhu]

Why do you panic? Why?

IF YOU DO NOT SELL, YOU DO NOT LOSE ANYTHING! YOU LOSE THE MOMENT YOU SELL, after you purchased high and buy low. It does not matter what is the price ATM, the only thing which matters is what is the price when you decide to sell. So, to shield yourself from losing money, DONT sell under the price you bought it.

If you trust in crypto and believe it ll bounce back, WHAT THE FUCK IS THE PROBLEM AND WHY PANIC?

If you do not trust in crypto and you have doubts whether it ll bounce back, well, in that case you are in the wrong industry and you shouldn't have invested in crypto in the first place.

So knowing this, what is the problem again?

Brothers, you are right, since all bought, do not sell your loss the same. Since you do not believe encryption why you have to join? I think you are losing money if you're just speculating. You do not believe in the potential of cryptocurrencies, nor do you believe in the future.

[OmegaStarScream]

I couldn't agree more. I also suggest everyone to take this dump as a reason to no longer check the price each 5 minutes, It's not healthy. Who cares about the price anymore anyway? Lightning network is coming, Coinbase just announced that their support for SegWit should come soon and that should take fees much lower. If bitcoin is evolving, price should be the last priority as It will eventually increase.

[Hellobx]

Because a lot of people are buying the BTC, but they don't believe in BTC, they just heard that there are a lot of people from the encrypted in the cryptocurrency market profits, but they don't believe in bitcoin, so would feel panic.

[deviltasha]

Thanks for optimistic review Sometimes things like this are very helpful

[focmere]

Why do you panic? Why?

IF YOU DO NOT SELL, YOU DO NOT LOSE ANYTHING! YOU LOSE THE MOMENT YOU SELL, after you purchased high and buy low. It does not matter what is the price ATM, the only thing which matters is what is the price when you decide to sell. So, to shield yourself from losing money, DONT sell under the price you bought it.

If you trust in crypto and believe it ll bounce back, WHAT THE FUCK IS THE PROBLEM AND WHY PANIC?

If you do not trust in crypto and you have doubts whether it ll bounce back, well, in that case you are in the wrong industry and you shouldn't have invested in crypto in the first place.

So knowing this, what is the problem again?

I agree with you bro! People should do the math before making any moves regarding their crypto holdings, they shouldn't be emotional in trading, that's the way you will be doomed.

[crazyivan]

Why do you panic? Why?

IF YOU DO NOT SELL, YOU DO NOT LOSE ANYTHING! YOU LOSE THE MOMENT YOU SELL, after you purchased high and buy low. It does not matter what is the price ATM, the only thing which matters is what is the price when you decide to sell. So, to shield yourself from losing money, DONT sell under the price you bought it.

If you trust in crypto and believe it ll bounce back, WHAT THE FUCK IS THE PROBLEM AND WHY PANIC?

If you do not trust in crypto and you have doubts whether it ll bounce back, well, in that case you are in the wrong industry and you shouldn't have invested in crypto in the first place.

So knowing this, what is the problem again?

nice said, It is a bit wrong, but yeah, if you do not trust crypto - what are you doing here!?!?
But about the investing and not losing until you sell... - you are wrong.
You will lose even more if you do not sell and it crashes to 0...
The question is why you got in when it was that high and if you did and now you panic, you deserve to lose your money, as you have trowed them away the moment you buy something you have no idea what it is and what is happening with it...


In other news: the price will be going down for few months to come, at least, so maybe it is a good idea to think how you can benefit from all this movement.
But again be careful and DO YOUR HOMEWORK!!
NEVER INVEST MORE THEN YOU CAN LOSE!!!
Never invest in something you do not understand...
and so on

Good luck and happy to see my expectation of downtrend in jan 2018 was correct...

Let's see if / when it will hit my target for bottom...

What are you talking about? If BTC crashes to 0? In my mind, THIS IS NOT POSSIBLE. Ever.

If you really even contemplate the possibility of BTC being 0 one day, well, I can guarantee you re in the wrong industry. You know who rambles about BTC going to 0. Roubini and similar so called expert who have never turned on PC in their lives, not to mention understanding crypto mechanics.

Have some faith my friend, this is a beautiful new industry in its infant stage but it WILL prevail. I have been in crypto since 2012 and I know a think or two about crypto. Crypto will continue to grow, we ll have these red periods from time to time but it will continue growing and developing.

0 is not an option.

[midvoc]

crypto as a market is finished - total crash. Everyone is bailing out and cashing for what little fiat they can get.

this is a sustained sell off that has never been seen before.

what happens when regulation comes in? will the price go up or down?

blockchain as a technology will be successful but the coins and tokens are done for.

i hope its not true but it looks that way.

[TorbiK]

Do you think the fair price for Bitcoin is over $ 15,000 or $ 20,000? What to do for those people who bought for 18 thousand, and bitcoin will drop to $ 1800 and will be in such a range for decades? Of course, this may not happen, but certainly no one knows when and how much it will cost, accordingly no one knows how to do. When to buy and when to sell.

[Counter91]

crypto as a market is finished - total crash. Everyone is bailing out and cashing for what little fiat they can get.

this is a sustained sell off that has never been seen before.

what happens when regulation comes in? will the price go up or down?

blockchain as a technology will be successful but the coins and tokens are done for.

i hope its not true but it looks that way.

It looks like that from your point of view, i do not agree with you. Each January there was a dip, besides bitcoin is getting bombarded with heavy news regarding the regulations and bans in certain Asian countries. The elite does not want poor people getting rich, however i do believe people power can prevail and crypto currencies will go high, that or some people will start eating d***s.

[hadveach]

not sell at the price we buy, or sell when the price is below. because it will make a profit loss.

In my opinion, if someone panics, fears, and doubts the condition of today's bitcon, it's better to switch from bitcoin, because bitcoin does not need a traitor.

and bitcoin just requires someone who is faithful to wait until the bitcoin returns high.

[crazyivan]

Do you think the fair price for Bitcoin is over $ 15,000 or $ 20,000? What to do for those people who bought for 18 thousand, and bitcoin will drop to $ 1800 and will be in such a range for decades? Of course, this may not happen, but certainly no one knows when and how much it will cost, accordingly no one knows how to do. When to buy and when to sell.

$1800 level and staying there for decades? I know you do not understand this but many newbies might.

I see a lot of people who have got to learn a lot about crytpo. Maybe once they have lived through 59 major BTC crashes you ll understand the importance of patience and optimism.
For those of you being so ignorant not to understand this, fine, go waste your money, sell now and cry later.

I opened this post so I can help people control their panic so they do not lose money they have invested in this beautiful industry. If you think 6 years of crypto experience does not mean anything, fine, do it your way. We ll see who s going to right in the end.


 

[Lucius]

Why do you panic? Why?

IF YOU DO NOT SELL, YOU DO NOT LOSE ANYTHING! YOU LOSE THE MOMENT YOU SELL, after you purchased high and buy low. It does not matter what is the price ATM, the only thing which matters is what is the price when you decide to sell. So, to shield yourself from losing money, DONT sell under the price you bought it.

If you trust in crypto and believe it ll bounce back, WHAT THE FUCK IS THE PROBLEM AND WHY PANIC?

If you do not trust in crypto and you have doubts whether it ll bounce back, well, in that case you are in the wrong industry and you shouldn't have invested in crypto in the first place.

So knowing this, what is the problem again?

I agree with you,but why you open new thread with same topic instead of continuing the discussion here?  https://bitcointalk.org/index.php?topic=2885068.msg29647969#msg29647969

Also as I say yesterday I understand people who are in panic now,especially those who buy at high price.They only look at numbers and see that BTC is loses its value in fiat,and this is most important thing for most of them.If majority of users decide to not sell and hold, then price would not be what is it today.

This is something that we can associate with the human mind and the perception of reality,if you have strong public opinion that something is how it is presented, then even the biggest lie can become true.So now we are actually trying to stop the snowball that rolls at a high speed down the hill from the top of the hill,impossible...That snowball is panic and it will stop only when it comes to the bottom and breaks down.

Problem is that people do not understand how things work,and a large percentage of them very poorly understands english.

[vv181]

I believe there is 3 reason why people panicking. First, uneducated, that's why many people didn't have enough knowledge about how promising cryptocurrencies is. second, is laziness, not all people want to wait for the price to come back up so they partially cut their losses. and the last is FUD, I'm sure the FUD is strong enough, neither it from the government or from the uneducated people.

[slothtrooper]

Herd mentality, the bankers will snap up the coins as the price drops and the price will rise again.