Read this before you think to sell

[qwertyup23]

sometimes this market seems too emotional to me which is why the swings like this happen. you can see the headlines in that article all of them pointing to the rise and how everything is fine and happy. then compare those with current articles saying how things are dark and dying, everyone seems to be banning bitcoin or dropping it.

and all the while the "wise money" is being invested in bitcoin in each dip.

I guess the 'hype' on social media and from other news have created this stigma that bitcoin will soon pop. The problem is, most people that invest into bitcoin are the ones who have no knowledge or anything whatsoever. They let the media influence them from investing rather than checking the actual market of it, which makes the volume increase/decrease out of a sudden. Also, they see bitcoin as something that may yield them income for short-term.

The funny thing is, most people that I know that are complaining about bitcoin being 'dead' and 'hopeless' are also the ones who told me that they regret investing into bitcoin when prices reached $20,000. If they cannot handle the sudden price drops (which something that is natural or depending on country prohibitions) then they should invest into a different aspect like stocks, bonds, bank interests, etc.

[gabmen]

for all people who bought when the price was  $1000, there are many reasons to hold and not panic when the price drops, but for people who bought when the price was $15000 has reasons to panic

it depends on the "people" themselves and what they did not the price they bought at. if they invested more than they can afford to lose they will panic no matter where they bought bitcoin at!
it also depends on their plans. some are trading so obviously when price drops they have to panic and take some actions but some others are just investing in bitcoin and don't like being involved with exchanges that much. there is no reason for these people to panic. for example i bought bitcoin around $500 back in 2014 and price continued falling down to $150, it was uneasy but i never panicked!

That's how you can distinguish people who have been invested for the sake of the technology and the people who wanted to make a quick buck. I'm almost certain that 75% of the people who FOMO'd in, in the hopes of getting rich overnight, have already sold their position somewhere on the way down.

one of the good things about the dumps like this where price goes down by A LOT not just a small drop, is that it literary flushes out a lot of these FOMO newbies. it is a good thing to have from time to time although it sucks to see how big these drops get sometimes because of them.
and each time something like this happens, we always have a much stronger market afterwards. and I believe that strength is because the weak hands are flushed out and won't come back for some time.

I doubt that they'll even come back at all. These people probably wouldn't want to deal with btc and crypto and would be so enthusiastic in telling people how they were "scammed". All because they didn't have the patience to wait. They should've realized that in any investment, these things happen and noone becomes a millionnaire overnight unless you win a lottery jackpot

[malikusama]

The scenarios given or stated in the article are pretty much accurate, new comers always expect a rapid and continuous growth to gain huge profit but unfortunately ends up losing their money after panic selling at dips because a rapid growth isn't possible in this volatile market of cryptos.
Soon after every ATH bitcoin drops down because of the manipulators in the market and nothing surprising here because bitcoin is made in that way.

[andrei56]

Here is an article that I believe will help you (for the ones who are new in the crypto world) make your head clear and think
it over. https://decentralize.today/dont-fall-for-the-hype-why-bitcoin-s-10-000-price-doesn-t-reflect-its-true-value-6b42a59fce0a

Bitcoin has overwhelmed so much, it is crazy to think that the 2018 is the end of Bitcoin. If you see the history of this coin you will realize
how much stable Bitcoin actually is.

I read the whole article and it is great, we just need to look back and see how small the 2013 bubble of bitcoin looks like compared to now, in 10 years the current drop in the price of bitcoin will be nothing and the people that are able to hold despite all the FUD going on will be the ones laughing at the end, however it is going to be impossible to hold that long unless there is an understanding of bitcoin technology, those that are here only for the money are going to be incapable to hold for that long, while those that are interested not only in the price but in the technology as well will be rewarded by their faith in bitcoin.

That is how it usually is with early adopters anyway. Some would see an opportunity in something, and they will grab it immediately.

Some will read the wrong meanings, get in, out of panic flee when the institutions are playing with their mind and they end up losing out, while some will just be there looking for all the negativeness until they totally miss out. They are the type their kids ask them later in future where they were when everyone was getting rich. I wonder what they will have to say by then.

I think we will find out in the future, I have tried to convince people to invest in bitcoin or altcoins and no one listens to me saying that bitcoin is a scam and things like that, but in a few years or a decade all of us which got bitcoin recently, less than two years ago, will have huge profits if we hold that long and I will be ruthless if that happens I will ask them why they did not follow my advice back then, it may seems as bragging but I have gotten a lot of heat from some people by investing in bitcoin and when bitcoin finally succeeds I will make them eat their words.

[napi]

Here is an article that I believe will help you (for the ones who are new in the crypto world) make your head clear and think
it over. https://decentralize.today/dont-fall-for-the-hype-why-bitcoin-s-10-000-price-doesn-t-reflect-its-true-value-6b42a59fce0a

Bitcoin has overwhelmed so much, it is crazy to think that the 2018 is the end of Bitcoin. If you see the history of this coin you will realize
how much stable Bitcoin actually is.

yes you are right when selling bitcoin then you just get a loss should buy as much bitcoin as you can for future savings.

[Indrawan77]

This thing need to be tell to a lot of people, most of the people only think of the price that already spike high, and when it fall down people become panic and keep on telling other people that bitcoin is dying, bitcoin stable value is at around 7000$ to 8000$, so actually now the price is still on track

[btcmegastar]

This thing need to be tell to a lot of people, most of the people only think of the price that already spike high, and when it fall down people become panic and keep on telling other people that bitcoin is dying, bitcoin stable value is at around 7000$ to 8000$, so actually now the price is still on track

It is on track now, consolidation is the main important for every coin in order to reach the new heights in the market. People should not panic about the market when it goes down, especially doesn't listen to other people who are spreading FUD about the Bitcoin.

[carlisle1]

for all people who bought when the price was  $1000, there are many reasons to hold and not panic when the price drops, but for people who bought when the price was $15000 has reasons to panic

it depends on the "people" themselves and what they did not the price they bought at. if they invested more than they can afford to lose they will panic no matter where they bought bitcoin at!
it also depends on their plans. some are trading so obviously when price drops they have to panic and take some actions but some others are just investing in bitcoin and don't like being involved with exchanges that much. there is no reason for these people to panic. for example i bought bitcoin around $500 back in 2014 and price continued falling down to $150, it was uneasy but i never panicked!

That's how you can distinguish people who have been invested for the sake of the technology and the people who wanted to make a quick buck. I'm almost certain that 75% of the people who FOMO'd in, in the hopes of getting rich overnight, have already sold their position somewhere on the way down.

do you really believe that yoir investing for technology?common be real men we all know that were here for money,to gain so what about that?though we believe in technology but i dont think investing for that wasnt enough to attract people to invest money if they arent looking for earning.so dont be a pretender mate,doesnt look like one

[edhp]

Before investing or buying BTC, one must have done his/her own research. If on believes is technology and the problem that it wants to solve, then let that be your guide if you really want to cash out. I think it's too early for the crypto space as a whole. A lot of false prophets in social media will tell you to do this and that, buy that sell that, but if you know and convinced why you invested in the first place then you should be ok. A lot of newbies who sold now will be the same ones who will buy again when the BTC train gets back up, FOMO sets in again.