How do you honestly feel about the recent bitcoin drop?

[putrii]

when I am stuck at a very expensive bitcoin price, I can't calm down because the assets I have are stuck at a very expensive price, when my position is like your friend, I might forget my assets in the exchange for a while and as much as possible to do other activities such as looking for a job or vacation.

[trauchot]

We can’t do anything, the cryptocurrency market is arranged, and even now the bitcoin price is very high and if someone wants to make investments, you need to be more cautious about this now, because for a long time the market hasn’t risen but just dropped, maybe more big jumps in growth will not be.

[emberbekas]

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?

I myself don't have too much in my wallet so I'm not afraid or panicked at the current bear market. To avoid bad feeling when our investment drops in value, it would be better to risk / invest only the amount that we can bear which won't cause our minds to be confused when something beyond expectations happens.

[Biscutard]

Feel worried and being robbed by day traders for they are the only individuals who are earning for their activities. There are huge whales as well who are good in day trading and could relatively move market price of a certain crypto in the market. Thus, could even control the market price of the crypto.

You can do day trading too but if you aren't then it's your choice and you only have a choice to hodl if you don't mind them trading on their own. Besides, this is how the market moves it's either someone or you're the one who makes the first move, so don't be surprised.

[Michael_Cox]

Bitcoin has been fluctuating all year, a small drop in the price won't hurt much. And I agree with the others. The year is already in its final quarter, so expect the price to go up again. Also, don't forget that bitcoin's price is unpredictable anyway so have faith.

[shulc7]

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.

The experienced men that have been working with the cryptocurrencies for years know that if today you see that the cryptos are red, it means that tomorrow the situation can be different.

[YoungMaster]

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?

The prices sometimes suddenly drop in every month, it's because the market conditions on this year are indeed chaotic. But If you are willing to buy for long-term investment, then it's still the best choice.

[maxamus]

We can’t do anything, the cryptocurrency market is arranged, and even now the bitcoin price is very high and if someone wants to make investments, you need to be more cautious about this now, because for a long time the market hasn’t risen but just dropped, maybe more big jumps in growth will not be.

It shows some negative impact to investors and lot of investors fear about the price drop because if it goes like this then they might be in Loss.
I feel very bad about the situation from past 3 months in price drop of BTC. But i hope by this year end we can see good results. on BTC price..

[pinoyden]

Bitcoin has been fluctuating all year, a small drop in the price won't hurt much. And I agree with the others. The year is already in its final quarter, so expect the price to go up again. Also, don't forget that bitcoin's price is unpredictable anyway so have faith.

we are already aware about bitcoin's fluctuations but the recent drops that we experience lately  isnt small at all infact many of us did loose a huge amount of their capital by just hodling for too long without doing nothing .

The year is already in its final quarter, so expect the price to go up again.

Lets see if your predictions are real . many people do always believe about this myth but no matter what happen on the price of bitcoin , i will still be happy for him .

Also, don't forget that bitcoin's price is unpredictable anyway so have faith.

It is actually predictable if you would analyse it carefully . price charts , graphs , news, and other factors can help you predict the price

[d1ceplayer]

Feel worried and being robbed by day traders for they are the only individuals who are earning for their activities. There are huge whales as well who are good in day trading and could relatively move market price of a certain crypto in the market. Thus, could even control the market price of the crypto.

For each bitcoin drop and bitcoin increase in this past 5 month I felt "meh" about it. As long as price doesn't do something drastic I am not going to overreach on it. The price can go down as low as 6 thousand dollars and I would not be worried and the price can go up as high as 8 thousand dollars and I will still not be bothered by it.

The fact that we have been around the same gap for over 5 months for a long time made me immune to reacting towards the price anymore. I need the price of bitcoin to be like 4.5k to really start worrying or 12k or something to get really happy about it, without doing those types of marginal moves I am not going to do marginal reactions neither.

[khaled0111]

It is a risky investment, do not expect to start profiting from the first day.
You need to be patient and wait for good opportunities, chose wisely when selling or buying and don't get afraid when you start losing, otherwise you have to try your chance somewhere else.

[WinslowIII]

As has always been the case with bitcoin, it depends on when you bought it. If you bought prior to 2017 and held till now then your bitcoin value in fiat has gone 10x+ so the drops aren't a huge deal. People may feel a little disappointed in themselves for not securing profits above $15k but there's not going to be any fear or panic. If you bought above $10k in 2017 or early 2018 then I can certainly understand the feelings of panic and fear of losing more value as we go here. In summary, where you initially got in dictates the strength of your hand and how you will feel about the drops.

[iTradeBit]

Ordinary drop thanks to David Beckham

[Baronggot]

I feel it boring and a bit frustrating much especially when it stayed for so long. But despite all that, i invest a little chunk of it when bitcoin reach 5,000$ mark and that somehow makes me feel okay too because i have now a good chunk of bitcoin.

[wozzek23]

Feel worried and being robbed by day traders for they are the only individuals who are earning for their activities. There are huge whales as well who are good in day trading and could relatively move market price of a certain crypto in the market. Thus, could even control the market price of the crypto.

You can do day trading too but if you aren't then it's your choice and you only have a choice to hodl if you don't mind them trading on their own. Besides, this is how the market moves it's either someone or you're the one who makes the first move, so don't be surprised.

Honestly, I feel bad though I am not a crypto investor but the uptrend has its unique motivation investors get when it happens. On the other side, investors should be alert and ready for any down trend which is called survival. As long as a person holds coins and do not sell in low market then there is not loss and it will be a big profit if investor make it to high market successfully. So, drop does not matter a lot as long as an investor holds and makes it to bull market so ultimately selling price will be high.

[prtty2gal2]

Bitcoin has been fluctuating all year, a small drop in the price won't hurt much. And I agree with the others. The year is already in its final quarter, so expect the price to go up again. Also, don't forget that bitcoin's price is unpredictable anyway so have faith.

we are already aware about bitcoin's fluctuations but the recent drops that we experience lately  isnt small at all infact many of us did loose a huge amount of their capital by just hodling for too long without doing nothing .

The year is already in its final quarter, so expect the price to go up again.

Lets see if your predictions are real . many people do always believe about this myth but no matter what happen on the price of bitcoin , i will still be happy for him .

Also, don't forget that bitcoin's price is unpredictable anyway so have faith.

It is actually predictable if you would analyse it carefully . price charts , graphs , news, and other factors can help you predict the price

Honestly speaking bitcoin drop is due to manipulation of the market in the previous year. We are expecting another bump in the price but nobody thinks why the price collapsed in the start of this year. The main reason was that the market was fully controlled and temporary bump was created. People invested huge money in bitcoin to earn big money but suddenly it came to its original condition.

Feel worried and being robbed by day traders for they are the only individuals who are earning for their activities. There are huge whales as well who are good in day trading and could relatively move market price of a certain crypto in the market. Thus, could even control the market price of the crypto.

For each bitcoin drop and bitcoin increase in this past 5 month I felt "meh" about it. As long as price doesn't do something drastic I am not going to overreach on it. The price can go down as low as 6 thousand dollars and I would not be worried and the price can go up as high as 8 thousand dollars and I will still not be bothered by it.

The fact that we have been around the same gap for over 5 months for a long time made me immune to reacting towards the price anymore. I need the price of bitcoin to be like 4.5k to really start worrying or 12k or something to get really happy about it, without doing those types of marginal moves I am not going to do marginal reactions neither.

Yeah in these bearish situations only day traders can make money but keep one thing in mine as you told that day traders are the persons that robbed you, they never force you to buy or sell your coins. You are not so stupid to sell your coins on low price or buy on high price. Who told you to do that? And if you did that then why blame day traders. The fault is yours

[Palodar]

I feel it boring and a bit frustrating much especially when it stayed for so long. But despite all that, i invest a little chunk of it when bitcoin reach 5,000$ mark and that somehow makes me feel okay too because i have now a good chunk of bitcoin.

Buying bitcoin now is a bit frustating especially if you bought bitcoin during hype and not sell it when ATH achieved, though lets still be positive that bitcoin can still make it recover soon.

[richan]

Bitcoins sudden drop in price is not the first to happen and it won't be last either. If you have a long term view of bitcoins and this sudden drop occurs while you hodl your coins, it won't bother much .

[Clark05]

It is good  time to buy more bitcoin because you can purchase more cheaper price. But mostly for sure some of them they feeling sad or hopeless when the price goes down. But my feeling when the market down is nothing or feeling normal because what ever happen I still believe it will increase the value again of the cryptocoin.

[Eggzootechkoyn]

I really feel a bit worried about my portfolio as it is really affected due to bitcoin's price fluctuations. Since the 20,000$ mark and after it went down more than 3/4 of it only then that i started to worry. But still, i am hodling my portfolio until now.