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Sir Cross
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February 06, 2018, 01:38:08 PM |
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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.
The recent hype has already died down and those who bought bitcoin during the hype must have felt that they are losing their investments by looking at the price charts now. It's possible that this is the aftermath and process of the bubble going to pop - but it would depend if there would still be strong and resilient bitcoin supporters who will firmly hodl. For those who are seeing the price keep on dropping lower and lower, they must believe that the price will just continue to go lower and will just decide to sell in order to save their money. To be fair, as compared to how the price was a year ago, the bitcoin price is still relatively high. In retrospect, this isn't the bottom yet. |
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Akosibatman
Newbie
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Activity: 84
Merit: 0
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February 06, 2018, 01:44:22 PM |
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It will bounce back! Just keep holding. Bitcoin is always like this, it will come back.When it goes down it doesnt mean it will fall flat as 0, it means that it will comeback as great as ever. "For every negative, there will be a positive comeback". Just keep your positive attitude. Panic wont help you on this situation, just keep calm and be positive on all aspect. Trust me it will comeback.. Also, this sudden down in value will be a great time to invest on this. We should practice and exercise how crypto works before we engage on this crypto. Trust the system, trust crypto, and trust bitcoin
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sukoyomi
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February 06, 2018, 01:44:45 PM |
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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?
it is true with what you mention it. this is a crypto world that surely we all know bitcoin and altcoin have never had a stable price. for a trader now it is they will buy and hold until the price goes back up. |
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Bytem3
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February 06, 2018, 01:45:47 PM |
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If Bitcoin forms another leg up it's gonna take off! We need $8000 today! |
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thesmallgod
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February 06, 2018, 02:57:25 PM |
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if you check people complaining about this price of crypto you will see that they are mostly newbies. last year many people enter into crypto market because of what they read in the media. most of them think that is how price will continue to grow like grass. even grass growing have seasons. crypto is in the dry season now but better days are coming. just do not sell your coin cheap
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bitcoinoffer
Newbie
Offline
Activity: 18
Merit: 4
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February 06, 2018, 02:59:30 PM |
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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?
What you are saying is true , if you trust in cryptocurrency then what ever rate you have bought it dont get afraid as you will see your buying price, only thing is that you have to wait but you will get your price and if you can buy some more on lower price so that your average buying price will go up. |
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Support1bbot
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February 06, 2018, 03:03:24 PM |
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It will ricochet back! Simply continue holding. Bitcoin is constantly similar to this, it will come back.When it goes down it doesnt mean it will crash and burn as 0, it implies that it will rebound as awesome as ever. "For each negative, there will be a positive rebound". Simply keep your uplifting mentality. Frenzy wont help you on this circumstance, simply try to avoid panicking and be certain on all perspective. Believe me it will rebound.
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Qartersa
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February 06, 2018, 03:17:20 PM |
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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?
YOU KNOW, YOU HAVE TO UNDERSTAND THAT NOT ALL PEOPLE THINK IN THE SAME WAY THAT YOU DO. Hence, you cannot discount the fact that we think differently. I know you only meant that the losses we currently suffer, if there is any, are just paper losses and that it do not matter as long as we do not realize the same by selling them at a much discounted price. Well, let me give you the side of others on the different side of the coin. Others see this as traversing the negative direction as they see the value depreciates time after time without a glitch of recovering for at least a thousand. Maybe at some point, too, these people see the 'need' to sell to answer for their daily needs, among others. No matter how experienced you are, I know there is something within you that is totally bothering you as well. You may just be good at hiding it. Come to think of it, how come you are here without anything to support your cause? In here, we do not have contracts, we do not have laws, we do not have authorities. What makes you stay in this business that is full of uncertainties to begin with? Thus, you cannot just brag about how collected you are in times like these. |
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shi07
Member
Offline
Activity: 122
Merit: 15
Long Live BTC
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February 06, 2018, 03:49:55 PM |
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Be calm and hold on we can never know and we cant predict its everyday value. Sometimes goes down and after that it goes up you can analize it in its previous value.So you dont have to panic its not helping you at all.Once you invest you must take the risk what ever happens.By the time its value goes low i think you can buy and sell it if value goes up.
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bit-freedom
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February 06, 2018, 03:55:47 PM |
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IMO, some people cannot take the stress of the downfall and sell Bitcoin. Whereas some are waiting for the Bitcoin to dip further before getting back.
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criz2fer
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February 06, 2018, 04:03:38 PM |
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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?
You cant blame them. Most of the investors in the crypto are not studying what crypto currency is and together with the newbies that are zero in knowledge from joining the exchange are to blame here with the drop. People think differently, that's the answer to your question. And if you really what to help, rather than blaming other weak hands, we should promote cryptocurrency in a way that people would invest more on it. |
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Sofak
Newbie
Offline
Activity: 41
Merit: 0
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February 06, 2018, 05:01:37 PM |
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no need to panic The decline is due to U.S. major technology shares fell for a second straight day on concern that the sector has risen to unsustainable levels. But even so, the technology behind the digital currency, that is Blokchain actually managed to collect high records in funding for the Blockchain project. So I'm sure for next month bitcoin prices will definitely be back stable
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rampage101
Member
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Activity: 182
Merit: 10
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February 06, 2018, 05:07:17 PM |
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I think the panic of such people is caused only by their inexperience. Those people who have been in the sphere of crypto currency for a long time know that a drop in prices is normal and it is very profitable to take advantage of this.
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Hirameki
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February 06, 2018, 05:11:12 PM |
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For those people panicking they might lose everything they invest in bitcoin because of its big dip or big decrease on its value this time around. Dont worry, dont panic. Its alright. Its normal. What you do now is hold on to every bitcoin you own now, just hold on to it dont sell it. And wait for it to regain its highest or true value of bitcoin uou ll never know you might still gain big profit from it. Also buy some more too! So when the prices go up, your investment on it grows up too.
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kelsiivo
Jr. Member
Offline
Activity: 32
Merit: 1
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February 06, 2018, 05:18:31 PM |
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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?
It is easy to say this but very hard to follow practically. Suppose someone invested $20000 in Bitcoins and the value reduced to $15000 in a month. Now he will not be able to sleep even thinking that it may go to $10000 in some time. |
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fattyforhire
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February 06, 2018, 05:34:12 PM |
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I constantly have to reassure such nervous people, and this is very difficult. I myself am a little nervous during such drawdowns, although I know that this is normal and even good.
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mindfly09
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February 06, 2018, 05:39:25 PM |
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Instead of panic, just hold your bitcoin, just think positive. Wait for the day that bitcoin will rise again, because i believe on the next months btc will increasing. So you don't need to worry about its price, instead you have a patience and just trust it. The best you can do today while the price is low you can buy, so that when the price is increase you can earn profit. Don't make decision immediately that make your investment losses.
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bering
Legendary
Offline
Activity: 2758
Merit: 1006
Leading Crypto Sports Betting & Casino Platform
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February 06, 2018, 05:46:11 PM |
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i was worried while the price hasn't stop to dropped but i do not panic and still hold my bitcoin and my altcoins because i have already learn from my previous mistakes several years ago when the price suddenly dropped i was sold all of my bitcoin at that time and i was regretting my decission because after i sold it the price climb up again so i won't make another mistakes this time
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imapessimist
Jr. Member
Offline
Activity: 266
Merit: 1
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February 06, 2018, 05:46:45 PM |
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This is a myth. Because neither have you made a profit if you don't sell. That is the great danger of holding. I think people shouldn't be so keen to hold and watch the price fall of a cliff.
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CryptoComes
Newbie
Offline
Activity: 17
Merit: 0
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February 06, 2018, 05:46:55 PM |
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Instead of panic, just hold your bitcoin, just think positive. Wait for the day that bitcoin will rise again, because i believe on the next months btc will increasing. So you don't need to worry about its price, instead you have a patience and just trust it. The best you can do today while the price is low you can buy, so that when the price is increase you can earn profit. Don't make decision immediately that make your investment losses.
Yes I am with you! All my money in BTC and I am just holding  |
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