Kemarit
Legendary
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Activity: 3122
Merit: 1357
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November 22, 2018, 06:40:37 AM |
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Its pretty obvious that you haven't been in this market to see unexpected crash. Yes, I would understand your frustrations, but this is just part on how this market operates.
Yeah, there seem to be a lot of newbies who've never experienced crashes before and frankly seem to think that bitcoin is only supposed to go up. Well, this week has been a good education for them. I recall about 19 years ago was when I learned that the laws of gravity apply to financial markets just like they do everywhere else in the universe. That was when the NASDAQ crashed from 5000 to some point that made me reconsider ever investing in stocks again--but that taught me that prices of any investment aren't supposed to just keep going up in a straight line. Bitcoin is no different. Exactly, it is a bitter pill for majority of them to swallow at this point. Crypto or bitcoin won't simply go on a parabolic rise, what we witness it a cycle from around 2013-2014 time period just repeating itself so I'm sure most of them haven't experience it so let this be a lessons to learn. I'm sure you're talking about the dotcom bubble and the subsequent downfall, yes I was also part of it, I still have stocks bought during that bubble and I just HODL on it close to 20 years now. Looking back it also taught me a valuable lesson.
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jaymmagne
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November 22, 2018, 11:12:40 AM |
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Many of us here are really frustrated too, but what can we do about it? It's hard to watch the market in red always. I can see a several green but still the problem is the main coin of all. The Bitcoin goes down and down until many holders are scared and try to sell their portfolio too.
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jems
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November 22, 2018, 12:27:37 PM |
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the price really returned to the price before the first bitcoin hardfork, at least that's what I know. for me this decline was very shocking and to be honest this almost made me give up, but many of my friends gave input and invited me to remain optimistic.
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justdimin
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November 23, 2018, 11:12:01 AM |
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Since there are people buying, we are good. All we can do is to wait and see. Whales are manipulating the market in a way to push small investors to sell their Bitcoins to them. Making us frustrated is what they want.
Those who are not even buying now are those who are scared to see the market not being able to recover in the long run and seeing it even drop lower. As long as you cannot see the future in something you want to be investing in, it will always be very hard to know how to be taking advantage of every opportunity that comes your way. The motivation for anyone now is the opportunity to be buying lower, and if you end up denying yourself to buy more now when the price is low, you will most definitely deny yourself a lot in the future when the market recovers, because by then, it is either you are joining FOMO or you are not even part of the market any longer and by the time you want to be getting in, you will have to end up paying a higher price for it.
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Sadlife
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November 23, 2018, 11:54:22 AM |
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This bloody market is caused by the conflict of hash war between Roger ver and jiwan wu it's all about the hard fork. To which satoshi's vision should be followed that's why they've created two different altcoins according to which they believe satoshi wants and now it resulted to a conflict and investors are confused where to put their money.
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BitHodler
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Activity: 1526
Merit: 1179
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November 23, 2018, 12:11:48 PM |
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what we witness it a cycle from around 2013-2014 time period just repeating itself
It definitely looks like another cycle, but that at the same time is quite a bad signal in my opinion. It means that in all the years, crypto hasn't changed one single bit. It's still the casino it was back in the very early days. Today we yet again tested the $4000 mark, which resulted in a quick bounce to $4350 but it's not looking good. The more often you test the same support levels, the more likely it is that they will break. This bloody market is caused by the conflict of hash war between Roger ver and jiwan wu it's all about the hard fork.
It's not the cause, just an enhancement of the already bad market sentiment. It does however point out how easy it is to attack another chain without actually owning much mining gear. You simply have to make sure that you pay more than the block rewards of BTC to finance an attack on whatever SHA-256 coin. Miners don't care what their hashrate is used for, they only want to get paid properly.
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BSV is not the real Bcash. Bcash is the real Bcash.
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Lynks
Jr. Member
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Activity: 265
Merit: 1
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November 24, 2018, 02:49:22 PM |
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The red lasted more than we all bargained for . All stake holders in crypto space are all affected ranging from institutional investors to day traders. Hopefully 2019 will be a crypto year
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EdenHazard
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Activity: 2674
Merit: 1048
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November 24, 2018, 04:43:15 PM |
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You only see bitcoins when the price drops, so you think it is a shameful event. However, you should see the movement of the price of bitcoin in the previous year which experienced an increase of more than 7.5 B USD in one night. This is only a bearish market condition, but when prices begin to recover you may not dare to say something embarrassing in the cryptocurrency market. There are other ways to overcome the frustration that you experience, if you are a person who believes in cryptocurrency then you just hold and buy with fiat money that you have but if you do not believe in cryptocurrency you can sell your assets and pause to invest.
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Insufficient
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Activity: 231
Merit: 19
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November 24, 2018, 04:52:36 PM |
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I totally feel you. Keep in mind though "what comes down must come up" keep the hopes high I am not in anyway saying that i know better and the long bear month does not make me feel a bit low. I am in loss too. But i always spend time reading and trying to learn more focusing on the good things rather than feeling sadness. Almost everything is down but if you will notice there are some that are still good for quick trade.
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Tyjj889
Newbie
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Activity: 1
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November 24, 2018, 06:55:03 PM |
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The market will do what it do, can't change much about that. Honestly I hope it keep dropping, so I can actually get a full bitcoin for once lol
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Work4cryptos
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Activity: 34
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November 26, 2018, 07:44:39 AM |
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Honestly. this is from a gentle soul that believed and hope the crypto market will get better. I must be hedonistic regards this CRYPTO of a thing. the fact is that we have witness huge Reds Colors in the Market More than the Greens Signs. these days we do have long days of Red trends more than the green trends. it is getting frustrating. i wonder if there could be crypto addicts. Even if we are not expecting the green days so Quick. Let their be BALANCE in this market. Else we might wake up one day and Move back to square One. Imagine Loosing out 7.5 billions USD over night. it quite outrageous.
If you have waited this long, then this is not the right time for you quit. Quitting now would be a very big mistake you might regret later. It’s best to stay calm and watch the market cause it will soon rise. If I were you I would take this as an opportunity to buy the deep (it’s difficult to tell when you’re buying the deep, but the current price seems like it is) if you buy now there is nothing to lose cause a lot of people has predicted that the price of Bitcoin will be triple of what it was before.
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Willarrmay
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Activity: 30
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November 26, 2018, 07:57:37 AM |
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There was a trap by crypto field last year in November and December, some people are saying like this. But if every thing is green and green all the time then people will also get bored of this situation. First they have seen green and green, now red and red from march of this year. I hope people will be very happy after looking at the green days. So stay calm. The problem with a lot of people here is that they never want the price to go down, they always want the price to keep rising and whenever it drops they will start to complain about it. A lot of people now thinks that Bitcoin is a pond filled free fish where you can catch as much as you want for free. They all think like this because of what their friends told them or what they heard from those that made success with Bitcoin.
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Shinpako09
Legendary
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Activity: 2016
Merit: 1015
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November 26, 2018, 09:05:47 PM |
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Actually, this was really the movement of crypto. If you look into the past, we have more red days than green and that's a fact that we need to accept. So don't expect that crypto price will always be on top and won't frustrate you. If you need to make a profit, then you really need to wait,
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jojowar
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Activity: 378
Merit: 10
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November 28, 2018, 05:03:40 AM |
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Many of us as crypto hodlers were frustrated when we see the market goes red but in this kind of situation be optismistic because there is a bright side or opportunity on bear market.
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Prettymie
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November 28, 2018, 12:41:11 PM Last edit: November 28, 2018, 01:13:10 PM by Prettymie |
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Honestly. this is from a gentle soul that believed and hope the crypto market will get better. I must be hedonistic regards this CRYPTO of a thing. the fact is that we have witness huge Reds Colors in the Market More than the Greens Signs. these days we do have long days of Red trends more than the green trends. it is getting frustrating. i wonder if there could be crypto addicts. Even if we are not expecting the green days so Quick. Let their be BALANCE in this market. Else we might wake up one day and Move back to square One. Imagine Loosing out 7.5 billions USD over night. it quite outrageous.
You're right mate, crypto can swing at any direction as being a decentralize currency it's more on who owns biggest share can influence the market. This is the reason that it's not advisable to invest to the amount that you can't afford to lose because of market fluctuation. Although if you had also ride with the bull run, then you will gain a lot of profits. It just need a better knowledge to survive in cryptocurrency.
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bitcoinisbest
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November 28, 2018, 04:24:17 PM |
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Since there are people buying, we are good. All we can do is to wait and see. Whales are manipulating the market in a way to push small investors to sell their Bitcoins to them. Making us frustrated is what they want.
Big players might have dumped at 6 or 5k and now once it breached 4K levels they would have started back buying . This way when demand push up even price will rise and they will sell high and make huge profits for them self . Same thing we need to do it .
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Willitivity
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November 28, 2018, 08:10:02 PM |
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The market is very crazy right now, it requires people with serious balls to sit in. Looks at the charts is outright frustrating, knowing that what you're holding keeps getting devalued by the days is anvery painful hurdle. But the good thing there to hold on to is the fact cryptocurrencies on another hand is making more success as regards to adoption and exposure.
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NeoMyHero
Jr. Member
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Activity: 30
Merit: 2
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November 30, 2018, 08:00:56 AM |
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Honestly. this is from a gentle soul that believed and hope the crypto market will get better. I must be hedonistic regards this CRYPTO of a thing. the fact is that we have witness huge Reds Colors in the Market More than the Greens Signs. these days we do have long days of Red trends more than the green trends. it is getting frustrating. i wonder if there could be crypto addicts. Even if we are not expecting the green days so Quick. Let their be BALANCE in this market. Else we might wake up one day and Move back to square One. Imagine Loosing out 7.5 billions USD over night. it quite outrageous.
It didn’t just happen, there are reasons for all that which I believe a lot of people might have explained. If you’re not okay with it and you think you might lose money, then you should withdraw your funds or maybe use them for USDT or TUSD. After you can buy back when the market starts to go up again.
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Rkss4
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Activity: 980
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November 30, 2018, 05:12:21 PM |
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I am fully astonishing seeing the market price chart because all altcoins and tokens showing red signal beside their prices. All prices are in red signal.
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▬▬▬▬▬▬▌ Vulcan Forged ▐▬▬▬▬▬▬ ▬▬▬▬▬▬▌ Telegram ▌ Discord ▌ Twitter ▐▬▬▬
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Kiweikoo
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December 01, 2018, 06:13:26 AM |
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Honestly. this is from a gentle soul that believed and hope the crypto market will get better. I must be hedonistic regards this CRYPTO of a thing. the fact is that we have witness huge Reds Colors in the Market More than the Greens Signs. these days we do have long days of Red trends more than the green trends. it is getting frustrating. i wonder if there could be crypto addicts. Even if we are not expecting the green days so Quick. Let their be BALANCE in this market. Else we might wake up one day and Move back to square One. Imagine Loosing out 7.5 billions USD over night. it quite outrageous.
There is nothing to be frustrated about, I think you should go and read about Cryptocurrency and ask questions, cause this same things have happened back then. It’s no longer a new thing and we are all aware that Bitcoin is volatile, so expect it to be fluctuating always. Even when it does rise later, it will fall back again, that’s how it works, cause it’s not stable. But the next bull is going to big and those that had patience now are really going to be happy they did.
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