Don't worry, Bitcoin will be fine.

[fnamcma879]

The fact is: you think you control your own money, but you DON'T! With fiat, you don't have a choice, with Bitcoin or other crypto: you have a choice. You just can be your own bank. Let me finish with a thought-through about your post: you are free to be a non enthousiastic, everybody has an opinion, but I'm not sure about the underlying reason of your post. The fact you are here on Reddit, posting this post only tells me you have invested in crypto yourself but maybe you lost some money and lost faith. A real non enthousiastic won't even know this sub, let alone creating an account and posting some FUD (you even know the terminology)...

[dilemamis]

Don't panic about the current price reduction, because this usually happens in coinmarketcap. We all know that once the price drops, it will automatically rise again.

[enwi]

yes, from the graph it has been seen that the price of bitcoin has the same pattern every year so we don't need to worry about the price falling because it will definitely rise again

[Edgarroni]

The current Bitcoin Gini coefficient is around 0.88, which is on par with North Korea, and about 0.25 above a bunch of other countries.

This coefficient has gradually improved over time and I would expect it to continue to improve, as there is no reason why the richest bitcoin holder would not need products and services, and pay with them in bitcoin.

[Indai24]

The current Bitcoin Gini coefficient is around 0.88, which is on par with North Korea, and about 0.25 above a bunch of other countries.

This coefficient has gradually improved over time and I would expect it to continue to improve, as there is no reason why the richest bitcoin holder would not need products and services, and pay with them in bitcoin.

I greatly appreciate how bitcoin performed, and I am one of the biggest fan because of it's efficiency and hiw it improved gradually, many of us are hoping that this would continue to grow.

[MyNameIs Trung]

I also don’t understand why everyone gets panic so easily. I mean, if you afraid to lose that much, why did you put the money on bitcoin in the first place? Why did you take the risk if you can’t handle? I also lost, i’m also still waiting and hodling but at least i try to keep myself calm.

[Afnan_faizah]

yes, from the graph it has been seen that the price of bitcoin has the same pattern every year so we don't need to worry about the price falling because it will definitely rise again

People who don't thrust to bitcoin then sell their bitcoin wgen its price fall then they didn't make good decision at that time. I have the same thought with you, I think bitcoin price still has the potential of price increasing. So bitcoin will be fine.

[Kayuslawal]

No one needs to tell me that, i already know bitcoin will be fine soon because i have seen the future and what lies on it with the use of digital currency in world.

[Kapee]

I become worried with most people in the crypto business who have lost hope within sometime now when bitcoin price dropped. I know it is not easy and has never been easy to see dip of the coins but by all means ans sooner than later, Bitcoin is coming with a full spike so lets keep in touch.

[megatrix]

Thank you for this post, I appreciate posts like this because it gives us hope and makes us feel that we should not panic at all, there are some setbacks along the way but everything will be fine. We need to be  positive to be able to manage our emotions and stay patient. Remember in the crypto currency investments, those people with patience will gain more profit.

[indopool]

why does everyone start to panicking when they see the price of Bitcoin dropping so much, in my opinion it is natural that the price of Bitcoin falls because Bitcoin has experienced the same thing as now, so I suggest not to be afraid and panic.

we will see from this graphic :
1. On April 29, 2013 the price of Bitcoin was only $ 135.30


2. and on November 30, 2013 the price of Bitcoin increase high at the price of $ 1,149.14


3. then on January 2, 2014 the price of Bitcoin decreased at a price of $ 773.40 and on December 31, 2016 the price of Bitcoin began to increase again


4. and the price of Bitcoin began to rise high at the price of $ 19,783.30 on the 17th of December 2017


and as we know, now the price of Bitcoin at $ 6,948.46 and this is indeed down very far compared to prices on December 17, 2017, but it has already happened in 2014 where the price of Bitcoin dropped very far and it continues until 2016 and in 2017 finally Bitcoin prices start to increase again (it takes around 3 years to make Bitcoin prices rise). so from that, I'm sure the price of Bitcoin will increase again even though the time needed is not short.

From the first time you invest, you should know with the risk of a decline like this, a deep understanding of Bitcoin really helps you in facing difficult situations like this. and you have to invest money that you can release so that situations like this don't stress you out.

[Mariela]

Yes. Of course, but we must still believe and focus to the industry of bitcoins.
Eventhough the value of it is gradually decreasing.

[ys fs]

if it's still okay, why is the price now very low or down, and in my opinion it is a big threat to bitcoin because it can destroy bitcoin itself...

[TraiKH]

if it's still okay, why is the price now very low or down, and in my opinion it is a big threat to bitcoin because it can destroy bitcoin itself...

We may be aware of the volatility and bewilderment of the current trend. But this is not the first time Bitcoin slipped down to 6k. The real problem here is that the ETF can be a double-edged sword. Maybe, the volatility will be more stable after this week.

[A7373]

I wish your technical analysis and words are right! That will be very good for all crypto lovers. But i think that year wouldn't be the same as last, becouse a lot of people affreid bitcoin after dump.

[glowing10]

Sudden fall of bitcoin price is a normal scenario in bitcoin and it is normal also for us to feel disappointed with our investment,but the best way we can do is to stay calm,do not sell your bitcoin at low price then regret later.

It is important to stay calm and have patience else it would be a panic selling and it would harm the bitcoin price more as crash would happen more and thus as a result investors will have to wait for more time to get their returns or will have to sell in a loss.

[kelenikels]

Panic selling, aside from several negative factors, is also one of the reason why bitcoin price keep falling. Emotion like panicking during a market downtrend should be controlled to avoid further losses.Get rid of your panic side Due to debt problems , management, etc., will determine the right steps to respond to your success.

[rollthienvuong]

I still wait for some good news but price of BTC only dump 

[DgurJIupyf]

why does everyone start to panicking when they see the price of Bitcoin dropping so much, in my opinion it is natural that the price of Bitcoin falls because Bitcoin has experienced the same thing as now, so I suggest not to be afraid and panic.

we will see from this graphic :
1. On April 29, 2013 the price of Bitcoin was only $ 135.30


2. and on November 30, 2013 the price of Bitcoin increase high at the price of $ 1,149.14


3. then on January 2, 2014 the price of Bitcoin decreased at a price of $ 773.40 and on December 31, 2016 the price of Bitcoin began to increase again


4. and the price of Bitcoin began to rise high at the price of $ 19,783.30 on the 17th of December 2017


and as we know, now the price of Bitcoin at $ 6,948.46 and this is indeed down very far compared to prices on December 17, 2017, but it has already happened in 2014 where the price of Bitcoin dropped very far and it continues until 2016 and in 2017 finally Bitcoin prices start to increase again (it takes around 3 years to make Bitcoin prices rise). so from that, I'm sure the price of Bitcoin will increase again even though the time needed is not short.

I believe that your post deserves credit, because it illustrates on the chart and the picture that similar situations with the price of bitcoin have already been before and do not need to panic now. After a time (maybe even a year), the price of bitcoin will necessarily rise so high that each of us could not imagine before. I'm sure. I've been watching the price of bitcoin for years.

[Mazda17]

Worry yourself no more, just allow bitcoin to run it course it has the potential to hit $19K and probably beyond just give it some time. Do not panic for it will be happening sooner than you expected.

In my view, bitcoin does not need to worry anymore and the important thing is that I believe and support bitcoin until it is truly safe and has a future.
I'm not worried at all, I'm sure bitcoin will soar faster. I am very optimistic about this. In fact, I consider bitcoin as one of my valuable assets. I save bitcoin and wait patiently when it gets better.