eckmar (OP)
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Activity: 1878
Merit: 1038
Telegram: https://t.me/eckmar
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March 09, 2018, 12:44:14 AM |
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Lately I saw an influx of threads here saying that Bitcoins is crashing every time price falls down. Now, I understand that the threads are stared by newbies or uneducated individuals so I've decided to explain things a little bit. Now the data I will show here is taken from investing.com and it shows per-month Bitcoin growth for last 6 months (so lets say before the peak in December until now).
September 17. 2017 - October 17. 2017 = +47.89%
October 17. 2017 - November 17. 2017 = +53.40%
November 17. 2017 - December 17. 2017 = +39.30%
December 17. 2017 - January 18. 2018 = -25.48%
January 18. 2018 - February 18. 2018 = +0.30%
February 18. 2018 - March 18. 2018 = -8.98%
This means, if you have 1000$ to put into Bitcoin at the start of the month (or middle of the month at this case...) and hold it for 30 days then sell for fiat, you would end up in profit 4 out of 6 times. To be exact, with this strategy you would be 1091.3$ in profit. So doing that (even selling in loss) you would double your money in 6 months. That is just insane in any financial world (well serious one, not a few hundred $). Not to mention profit that you would made just buy holding for 6 months and not selling anything.
So the point is, I know newcomers bought at the peak and are crying now, but DON'T SELL AT A LOSS , because statistically there are good months and bad months, and most likely it will be a good one. Now if fucked up and lost your money, and Bitcoin fallen from its peak to current price that does not mean that its crashing or anything similar to that. As you can see per-month growth is just fine, and "bad" months are even expected. Don't rush and don't panic every time price falls.
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Meuh5598i
Full Member
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Activity: 253
Merit: 110
#epigencare #ICO https://ico.epigencare.com/
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March 09, 2018, 12:49:59 AM |
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Lately I saw an influx of threads here saying that Bitcoins is crashing every time price falls down. Now, I understand that the threads are stared by newbies or uneducated individuals so I've decided to explain things a little bit. Now the data I will show here is taken from investing.com and it shows per-month Bitcoin growth for last 6 months (so lets say before the peak in December until now).
September 17. 2017 - October 17. 2017 = +47.89%
October 17. 2017 - November 17. 2017 = +53.40%
November 17. 2017 - December 17. 2017 = +39.30%
December 17. 2017 - January 18. 2018 = -25.48%
January 18. 2018 - February 18. 2018 = +0.30%
February 18. 2018 - March 18. 2018 = -8.98%
This means, if you have 1000$ to put into Bitcoin at the start of the month (or middle of the month at this case...) and hold it for 30 days then sell for fiat, you would end up in profit 4 out of 6 times. To be exact, with this strategy you would be 1091.3$ in profit. So doing that (even selling in loss) you would double your money in 6 months. That is just insane in any financial world (well serious one, not a few hundred $). Not to mention profit that you would made just buy holding for 6 months and not selling anything.
So the point is, I know newcomers bought at the peak and are crying now, but DON'T SELL AT A LOSS , because statistically there are good months and bad months. Now if fucked up and lost your money, and Bitcoin fallen from its peak to current price that does not mean that its crashing or anything similar to that. As you can see per-month growth is just fine, and "bad" months are even expected. Don't rush and don't panic every time price falls.
Thanx for discussing these fact. I totally agree with you. And patience is the key to be get the success with btc. I am pretty much down to that. Holding the coins will be the decision to be made. I believe if we do that it will give btc a push to grow. HOLD the DOOR |
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zxl912157
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March 09, 2018, 12:54:39 AM |
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Only those filled with panic then say Bitcoin bla .... bla ... blah.
they are unaware that Bitcoin is decentralized and volatile. forget them and focus on taking advantage of current price reductions.
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BossMacko
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March 09, 2018, 01:00:42 AM |
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I don't get the reason why they keep saying Bitcoin is dead and doomed whenever its price goes down. They should check first the price of Bitcoin in the past few years besides 4th quarter of 2017. When i first bought my Bitcoin it was 3 digits only so what i can say is we are still lucky if we are seeing 4 digits price of Bitcoin.
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nyerok
Member
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Activity: 279
Merit: 12
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March 09, 2018, 01:04:49 AM |
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it looks like this March has not been completed and chances are it can all change when there is good news about bitcoin in some countries, jd we can only wait for good news from other countries.
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mrcash02
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March 09, 2018, 01:06:10 AM |
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The previous statistics are nice and still shows Bitcoin as a positive investment on long term besides the losses in price, but you can't consider these same events will keep happening like previously and say people they will have the chance to make X profit in Y time. It can happen or it can never happen anymore, or it can happen tomorrow or only in several months... Everything can happen and everything is very unpredictable until an event suddenly appears and affect BTC's price. I don't believe in patterns here. So the point is, I know newcomers bought at the peak and are crying now, but DON'T SELL AT A LOSS ,
That could help BTC start bumping again without big losses in price meanwhile, but investors are applying another strategy: sell during the dump, buy again when it reaches the floor. It's every man for himself during the dumps... In the end, holders lose the chance to make fast profit thinking bigger, on long term. |
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Inn0vative1
Copper Member
Newbie
Offline
Activity: 68
Merit: 0
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March 09, 2018, 01:48:23 AM |
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People are used to Bitcoin gaining in value day on day, month on month, so when it has a downturn, it feels like the world is ending. People just need to keep things in perspective. Nothing goes up forever.
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aeternus
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March 14, 2018, 01:19:38 AM |
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Lately I saw an influx of threads here saying that Bitcoins is crashing every time price falls down. Now, I understand that the threads are stared by newbies or uneducated individuals so I've decided to explain things a little bit. Now the data I will show here is taken from investing.com and it shows per-month Bitcoin growth for last 6 months (so lets say before the peak in December until now).
September 17. 2017 - October 17. 2017 = +47.89%
October 17. 2017 - November 17. 2017 = +53.40%
November 17. 2017 - December 17. 2017 = +39.30%
December 17. 2017 - January 18. 2018 = -25.48%
January 18. 2018 - February 18. 2018 = +0.30%
February 18. 2018 - March 18. 2018 = -8.98%
This means, if you have 1000$ to put into Bitcoin at the start of the month (or middle of the month at this case...) and hold it for 30 days then sell for fiat, you would end up in profit 4 out of 6 times. To be exact, with this strategy you would be 1091.3$ in profit. So doing that (even selling in loss) you would double your money in 6 months. That is just insane in any financial world (well serious one, not a few hundred $). Not to mention profit that you would made just buy holding for 6 months and not selling anything.
So the point is, I know newcomers bought at the peak and are crying now, but DON'T SELL AT A LOSS , because statistically there are good months and bad months, and most likely it will be a good one. Now if fucked up and lost your money, and Bitcoin fallen from its peak to current price that does not mean that its crashing or anything similar to that. As you can see per-month growth is just fine, and "bad" months are even expected. Don't rush and don't panic every time price falls.
Great analysis, we recommend holding above any strategy because it can give you the greatest profits with the lesser amount of risk but it's fine to crunch numbers once in a while to proof to newbies and experimented traders alike that holding is in fact the best strategy there is no point in selling for a bad price only experimented traders should cut their losses everyone else should keep holding. |
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sjefdeklerk
Jr. Member
Offline
Activity: 154
Merit: 8
SODL
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March 14, 2018, 01:21:29 AM |
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it looks like this March has not been completed and chances are it can all change when there is good news about bitcoin in some countries, jd we can only wait for good news from other countries.
Do you have some examples of possible good news for bitcoin which you think might happen? |
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sjefdeklerk
Jr. Member
Offline
Activity: 154
Merit: 8
SODL
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March 14, 2018, 01:23:26 AM |
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This means, if you have 1000$ to put into Bitcoin at the start of the month (or middle of the month at this case...) and hold it for 30 days then sell for fiat, you would end up in profit 4 out of 6 times.
Isn't investing lesson number 1 that results from the past are no guarantee for the future? |
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vallentvi4
Jr. Member
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Activity: 59
Merit: 2
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March 14, 2018, 07:06:47 AM |
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I think there will be no planning how long to hold the bitcoin, every day the price changes and people always sit to see how the price moves coin on the markets. Just look for the right time to take their BTC off the wallet. This really triggers adrenaline.
The mistake made is if the people are too greedy by using all the money and not thinking about their needs during their estimated time holding Bitcoin.
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blockman
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March 14, 2018, 07:23:05 AM |
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I think there will be no planning how long to hold the bitcoin,
The fact that everyone is holding bitcoin. And those people that are ranting with their keyboards and almost crash it because they are losing their investments as the price goes down, they are inexperienced with the market. Do you have some examples of possible good news for bitcoin which you think might happen?
Crypto investors are hopeful that Mt Gox's bitcoin sell-off will be halted until September |
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