How do you honestly feel about the recent bitcoin drop?

[snatoshi]

There has been numerous Bitcoin drops and bear markets in the past. This behavior is just naturally. Remember the first bear market we had was the one in 2012 when price peaks up to US$7.08 and declined -40% to US$4.22 with a duration of 185 days.

The other one wa the one we had in 2013 when price peaks to US$1149.14 and declined -83% to US$197.24. Now, it's true we're un bear cycle but with time, counterfeit fiat made by governments will eventually rise up it's value. Remember that the USA produces 38 million notes a day with a face value of approximately $541 million dollars each day  

[hubballi]

The recent bitcoin drop is normal as for the past some months the market is moving between 6000 to 7000 price range only, so for short term trading it is good but for long term still their is time

[Willitivity]

The price of bitcoin at every point is really something to be really concerned about. Since January, there have been heavy pressure on bitcoin, hence the fluctuations. But on a normal note, everyone has to be concerned with the price of bitcoin, alot of us have some money in it and therefore we should be really concerned about how well our investment is doing.

[Jigsawman082076]

If you wanna know if how I do feel about the recent drop of bitcoin nowadays is that all I can tell you right now is that I really feel very much disappointed about the recent drop of bitcoin because it also affects all the other crypto currencies market value to go down the drain.

[Momoamzad]

its matter of how much and for how many days you have invested. if you invest for long term then it doesnot matter or if you invest for long term its quiet dissapointing level we are stand on. but bitcoin will raise soon for sure. this year was not good for crypto world but next year will be good hopefully.

[SnapDown22]

my feeling why at this time was a little lackluster and the question was right for me to express so it all seems similar to me the current bitcoin is so there is no enthusiasm for mining. and all colleagues don't just focus on bitcoin, but look for others not to rely on bitcoin, but others can fulfill your life

[ellehcar]

I'm feeling mixed emotions now. I'm a bit frustrated and excited. Frustrated because I regret my wrong moves before. I should have sold my assets earlier and not wait for a higher price anymore. Now, I'm at 90% loss because of my covetousness. Excited because I know that something good is going to happen in crypto 3, 4, 5 to 10 years from now. I know that everything that's happening now is just corrective, and when this correction is over, bitcoin's price will be stable and it'll be accepted worldwide as a mode of payment.

[Lorin]

Feeling of sadness because of recent bitcoin drop. But i believe that it wil rise again sooner so we need to wait. Its a good time to buy bitcoin because of the cheap price and hold it for you earn a goofd profit. Dont waste your time hearing humors about bitcoin that will affect your emotions.

[ronnis.gomes]

The depreciation of bitcoin is certainly demotivating, but I remain confident that it will regain its value and will still rise significantly in the long run

[Koobtcgal]

The drop of bitcoin has really affected my way of thinking. I must be honest, I feel like I should have even been scammed to know that the money was lost through scammers but this isn't that. I was watching my money sinking.

[bitbunnny]

I've been with Bitcoin for a long time, from 2013. I remember well the time that was much worse for Bitcoin and the price wasn't near so high as now is.
So recent drop isn't any disappointment or discouraging factor for me. Of course I would like that the price was higher and that it didn't drop so much from the last year but still I look at this as normal Bitcoin volatility and conditions on the market that are changing all the time.
I'm not in a hurry, I have enough patience and time and the price will recover.

[watsonstar]

Looking at the general market cap, there is dramatic drop in the cash been cap.

Can't tell why some "gang" will just pump in cash and maybe just take profit and start another round of trading.

As I write, If I have enough to buy the dip, I would have done that, but hoping to keep this some profit taking till the actual bull run returns.

Although I feel not so happy about the drop in price and follow by another pump. I hope for a more stable market.

[tiktak89]

Of course, the first drop in price really scared me, as I was quite new in this area. But I looked at the growth chart for the previous years and saw that this is not the first such fluctuation. And that reassured me.

[rtm125]

I tried to carefully study bitcoin before investing in it, so I was ready to drop the price. I don't see anything wrong with that. It's not a sign that he's dying, as skeptics say. This is just a feature of bitcoin, that's all.

[minhlee95]

Of course I'm pretty nervous, and still such a low price makes me worry. But there's nothing I can do about it or how to influence an price. I just keep my investments to myself and watch the market develop. Experienced investors say that everything will be fine, and I prefer to believe them.

[namcunguyen]

I am relatively new on this and was just invited by a friend to join. I sold mine months ago so I really don't have much. I was thinking that I would have been deathly afraid if I had any bitcoin and this happened. I know it isn't the first time so maybe it will be a good time to buy?

That is of course, when you step into the crypto world, please think that the money you invest with Bitcoin is unused. And stop complaining that Bitcoin prices are going down, investment will always be accompanied by risk.

[Glutius]

I don't see anything terrible about falling and fluctuating prices. The main thing in this period to be patient and not to sell their coins. And if you still panicked and sold your bitcoin, you still have time to buy it again, as the price is still low.

[maxilopez]

If I were you, I would buy Bitcoin now because it has a very low streak now and in the future it can bring you a very good profit.

[connect08]

Honestly, I was in a panic mode when bitcoin dropped as it was at its peak last year. However, bitcoin's growth rate went up from the time it started but with its dramatic drop and its volatility, i think we should not invest more than we can afford to lose.

[Finestream]

If I were you, I would buy Bitcoin now because it has a very low streak now and in the future it can bring you a very good profit.

I agree.If you're planning to hold for long term investment,then it would be perfect to start buying now while the price is definitely low.Because surely the price won't stay the same for a long time,this will rise up again in the next days.So start investing now and make good profit after holding for a long term.