This is a good time to switch off from the crypto market

[simongoat]

People on youtube are saying the current market is being manipulated by the deep state. They are trying to control the market, the same as they did with gold and silver. Trying to get the weak hands to sell so the rich institutions can buy it up on the cheap. They don't loads of new millionaires who don't need to work or rely on the system being created.

There doesn't seem to be an end in sight and as investing in bitcoin and crypto is really addictive, time consuming, fun, energy sapping, exciting and distracting this is the perfect time to switch off for a bit. And its been quite nice not to have everything crypto running in the background of my mind all the time.

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[Xester]

People on youtube are saying the current market is being manipulated by the deep state. They are trying to control the market, the same as they did with gold and silver. Trying to get the weak hands to sell so the rich institutions can buy it up on the cheap. They don't loads of new millionaires who don't need to work or rely on the system being created.

There doesn't seem to be an end in sight and as investing in bitcoin and crypto is really addictive, time consuming, fun, energy sapping, exciting and distracting this is the perfect time to switch off for a bit. And its been quite nice not to have everything crypto running in the background of my mind all the time.

If we leave the cryptomarket then there will be panic selling of bitcoins and the market will die. IF this happens there will be thousands of people who will suffer from bankruptcy both the elites and average individuals. The best approach is to be wise since even if those whales are going to manipulate the value as long as we do not get affected then we will not lose our coins and profit.

[Welsh]

Who are these people? Do you just blindly follow someone, because they have a youtube video? I guess in that case president Trump and Hilary are lizard people.

It's personal preference whether you want to take a break from Bitcoin, but I'm not sure why you would generalize this to everyone. I've taken breaks from work/Bitcoin and whatever else before.

[Dudeperfect]

Well if you are looking at it as an investment then it is highly volatile and you could lose your entire money down the road because things that not clear and no one is sure what is going to happen in the future. However, on the other hand, there is a possibility of developing something that will change the way we live today.

It's not about money but more about our lifestyle and values. I believe that it is happening for the first time in the history of mankind that we are able to trust a group of unknown people more than the familiar faces and such innovations never happen again and again. We are fortunate to find ourselves involved in it early in this century. Crypto and blockchain are much bigger than just a money market, it is the innovation to optimise the traditional infrastructure in almost every sector. However, things are in development phase and those who have no vision are scared about little Frustration in the price on the market wall. This is really very good time to exit from crypto if you are only concerned about earning money and if you have nothing to do with the core philosophy of decentralization.

[bitfocus]

if you are not a bitcoin person, you should leave as soon as you get a break-even, but for the rest of us, who knows the rules, we would like to stay.

[Pursuer]

first of all 99% of the people on Youtube are full of shit most of the time. they are a bunch of people who have found a niche and now are making a lot of video about it and trying to make some money from doing so. there is not much value to things they say.

secondly the current market for bitcoin at least is the best time to start buying bitcoin cheaper. you can always reduce the risks you are taking by investing smaller amounts and also you can always stay out and watch closely to buy in the real dips. but staying completely out is just not good.

[ASHLIUSZ]

Op hasn't got the better understanding about the market, because cryptocurrency is the one that is much needed for the advancing environment. In specific the cryptocurrency is truly manipulative, and for the same we can't say cryptocurrency won't sustain long. There is no need of switching off to something else, because bitcoin is not as other assets. More the usage more will be the growth.

[Red-Apple]

telling others to get out (switch off) from the market is just as bad as telling them to get in. i believe that everyone should make that decision for themselves and then act based on that alone.

for example right now i know i can make profit from the shitcoins that are getting pumped thanks to all the dumps in top altcoins on top of the tables. and i also know that bitcoin will recover so i will stay in the market. someone else may not share my views and stay out. we are both doing the right thing as long as we are not following someone else like a sheep.

[holden4591]

I do not think so. Fluctuations are normal in the world of crypto currencies. It is not wise to leave the market when prices dropped. You can regret it when the market is recovered. You need to use this moment wisely and make some more investments.

[vermigerous]

I don't think so, because most of the people here are only getting started. this is only normal let them do what they want. in the end of the day we are getting the most profit at all.

[virendarnagpal]

We are the age group who are witnessing the changing form of currency.  Our elders witnessed from bartar trading system to metal coins and from metalic coins to paper currency. 
Now we are lucky becoming a part of crypto revolution.
Future is of crypto.  It may or may not be controlled by governments. I think it is time to become an active part of crypto market with wisdom and patience without great.
 

[Juggy777]

Your title said one thing and then you just rattled about the fud that's already been cleared away. If you don't get it bitcoin cannot be controlled by any one they have tried it, media created wild goose stories but what happened Bitcoins stood it all, it went down but came up handsomely this is the perfect time to buy more and more bitcoins in simple words average it out and when it starts it bull run enjoy the moolah.

[krasheed11]

its interesting topic   

[mindrust]

People on youtube are saying

People on anywhere are saying anything nowadays. What makes you believe them?

IT is too late to shut it down not. Maybe it was possible in the early days of the project but now now. There are thousands of businesses are depending on the blockchain solutions already. If they kill bitcoin now, they'll ruin so many businesses as well. In other words, btc is now too big to fail.

Crypto is still in its early days. If you are looking for a collapsing currency, its FIAT what you are looking for.

[simongoat]

Well if you are looking at it as an investment then it is highly volatile and you could lose your entire money down the road because things that not clear and no one is sure what is going to happen in the future. However, on the other hand, there is a possibility of developing something that will change the way we live today.

It's not about money but more about our lifestyle and values. I believe that it is happening for the first time in the history of mankind that we are able to trust a group of unknown people more than the familiar faces and such innovations never happen again and again. We are fortunate to find ourselves involved in it early in this century. Crypto and blockchain are much bigger than just a money market, it is the innovation to optimise the traditional infrastructure in almost every sector. However, things are in development phase and those who have no vision are scared about little Frustration in the price on the market wall. This is really very good time to exit from crypto if you are only concerned about earning money and if you have nothing to do with the core philosophy of decentralization.

Sorry, I didn't make myself clear, I don't mean sell my investments, I meant keep my crypto investments but just stop checking the price and thinking about what to buy or sell every 5 minutes. :-)

And I totally agree, we are very lucky to be around when crypto and blockchain are just starting.

[mylyn2327]

We know that anything can happen in crypto market but if we stick in our main goal why we are here, then it will lessen our doubts and worries. Having as here is a great blessing because cryptos itself is blessing. Let's just enjoy every moment and work hard.

[Jonsnowstark]

All the more we need to stick here because we know if its being manipulated then it will grow in a much larger scale. This is not the best time to panic and sell all your coins and leave the cryptocurrency market. Coz if we do, we wont leave it to dry bht i stead it will grow and we'll be watching it grow and wish we never have stopped.

[Lucius]

Sorry, I didn't make myself clear, I don't mean sell my investments, I meant keep my crypto investments but just stop checking the price and thinking about what to buy or sell every 5 minutes. :-)

And I totally agree, we are very lucky to be around when crypto and blockchain are just starting.

You just want to change tactics, from trader to become only holder. There is nothing wrong in that, trading is very risky and stressful and can cause great losses. Although I do not agree with you that this time is good for "switch off" as you say, on the contrary time is very good for trading since price is moves up&down all time, and thus creates a chance for earnings. But for playing safe holding is best choice, 5-10 years from now BTC will worth x00 000 $ or or it will not be worth anything.

[goldminecrypto]

The weak hands panic a lot and easily sell their coins. This prove to be profitable by the deep state manipulators. I would suggest long term investments are always beneficial and productive. 

[pooya87]

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Sorry, I didn't make myself clear, I don't mean sell my investments, I meant keep my crypto investments but just stop checking the price and thinking about what to buy or sell every 5 minutes. :-)

And I totally agree, we are very lucky to be around when crypto and blockchain are just starting.

that still doesn't make sense.
if you are a trader then when you see a drop like this you should know that it is a perfect opportunity to buy cheaper bitcoins. and if you are sure about the manipulations and see then early on then it also means you should sell before the bottom is reaches so that you can buy back there (remember not to sell too late) for example when you see the manipulation and dump starting you sell at $9400-$9200 and buy back at $8300-$8500 and make a profit.