bitcoin bankruptcy

[bitcoinsc]

decentralized currency. feels like freedom but really feels like bankruptcy. down 4000$ this week. hard earn money gone. last two months suppose to be a bull run the signs are everywhere. how did it tank . so sad . the dip keeps on dipping. when u btfd but it betrayed u. not sure how the upcoming recession is going to react to bitcoin. sounds like 4500 a bitcoin. sounds like getting rekt sum more.

[bL4nkcode]

If you can't withstand with the bears, if you still can't realize that bitcoin might end up in 1k sooner, and if you only rely your earnings in bitcoin/crypto, then its really hard for you to survive, really hard.

[niko337]

I agree with bL4nkcode

At this stage... it is wiser to leverage on various pots while maintaining your fiat pot.
Adoption is still very low for decentralised cryptos. So it is wiser to keep things simple. Slowly but surely the adoption will increase as fiat banks gets more worried and walk deeper into the river of crypto.

Because banks will be very much about centralised cryptos. And their entry will help in creating more demand for decentralised cryptos.

[marcbitcoins]

A person will be surely be bankrupt in Bitcoin if they give too much confidence in this market without considering the too much risk. You should not easily to listen from the others like Bitcoin will sky rocketing and invest but rather search and review well the market movement first before engaging, its just like making sure you're right then go ahead so that you will not sounds regretting in the end.

[AiBBio]

I agree with marcbitcoins that a person will be surely bankrupt in Bitcoin if he gives too much confidence in this market without considering the  risk. Every person should not easily to listen from the others like Bitcoin will sky rocketing and invest but rather search and review well the market movement first before engaging, its just like making sure you're right then go ahead so that you will not sounds regretting in the end.

[harizen]

decentralized currency. feels like freedom but really feels like bankruptcy. down 4000$ this week. hard earn money gone. last two months suppose to be a bull run the signs are everywhere. how did it tank . so sad . the dip keeps on dipping. when u btfd but it betrayed u. not sure how the upcoming recession is going to react to bitcoin. sounds like 4500 a bitcoin. sounds like getting rekt sum more.

So you want crpyto to adjust for your own sake rather than you are the one who have to adjust?

Once you put money on crypto or should say, you earned it, you must understand the risks you are entering. Good thing this downtrend happened so you will understand what crypto is all about.

If you still have hope remained, take the current situation as reference for your future strategy.

last two months suppose to be a bull run the signs are everywhere.

Supposed to be a bull run?

[Jayrmalakas]

decentralized currency. feels like freedom but really feels like bankruptcy. down 4000$ this week. hard earn money gone. last two months suppose to be a bull run the signs are everywhere. how did it tank . so sad . the dip keeps on dipping. when u btfd but it betrayed u. not sure how the upcoming recession is going to react to bitcoin. sounds like 4500 a bitcoin. sounds like getting rekt sum more.

Nowadays many are worried that bitcoin drops forever maybe in my opinion with the growing coins coming out of the ico that draws the price of bitcoin down and many ico that come in are just scams so investors are they thought they would sell their bitcoin because they feared that their investment would be gone, one of the reasons which is why bitcoin continues to decline

[pooya87]

last two months suppose to be a bull run the signs are everywhere.

no there was no such thing and whoever told you so was very misled.
the only signs that we had and still have is an accumulation phase going on which shows that we have an upcoming bull run on the way specially since price is not only at the bottom but now is below the bottom.
this current price as it was repeated a million times in the past 2 days is pure manipulation.

[mk4]

decentralized currency. feels like freedom but really feels like bankruptcy. down 4000$ this week. hard earn money gone. last two months suppose to be a bull run the signs are everywhere.

What were the signs by the way? Because there wasn't. Also, bitcoin is financial freedom. It's just that you weren't looking for financial freedom; you we're looking for easy money. Stop being delusional and invest wisely.

[bitcoinsc]

If you can't withstand with the bears, if you still can't realize that bitcoin might end up in 1k sooner, and if you only rely your earnings in bitcoin/crypto, then its really hard for you to survive, really hard.

if bitcoin goes to 1k . I would very much leave crypto as the masses are dumping bitcoin and not enough hype going around only crickets. my bankroll would be wiped out. i think the public would also go insane not jus me

[honeychilli]

A person will be surely be bankrupt in Bitcoin if they give too much confidence in this market without considering the too much risk. You should not easily to listen from the others like Bitcoin will sky rocketing and invest but rather search and review well the market movement first before engaging, its just like making sure you're right then go ahead so that you will not sounds regretting in the end.

agree. at the moment it is still a high-risk type of thing to "invest" in. One will need to read up enough to to make his or her own assumption and then go with it. but on a smaller scale first.

[bitcoinsc]

if people dumping bitcoins i think it is as worst as usd inflation.

[inanilujimi]

it seems you need to know that bitcoin will not go bankrupt despite touching the price of 4k.
but you will go bankrupt if you cannot understand the market and are too easy to believe in things that will not happen.

[Kemarit]

decentralized currency. feels like freedom but really feels like bankruptcy. down 4000$ this week. hard earn money gone. last two months suppose to be a bull run the signs are everywhere. how did it tank . so sad . the dip keeps on dipping. when u btfd but it betrayed u. not sure how the upcoming recession is going to react to bitcoin. sounds like 4500 a bitcoin. sounds like getting rekt sum more.

Who says that the last two months was supposed to be a bull run? Just because we enter what we call the "Ber" months? Why would the BTFD betrayed you if you're not selling? If you're getting REKT right now is because you have the wrong mindset in the first place. There will be more dips, but it doesn't mean that bitcoin will go bankrupt or people will not stay.

[chocolah29]

Firstly, obviously we're here because this is what we want and even we know how risky the crypto is, we still choose to have it. Don't rant here that your hard earned money was gone because it's your choice. And you still have a choice if you sell it now or just hold it. I'm just so sick of reading this stuff tbh, just take whatever the circumstances and deal with it.

[sunsilk]

That's wrong, you expected that the bull run will come for the last two months but you have seen the whole year hasn't been so good and is full of downness. You need to realize that this is cryptocurrency and not just a scheme that's going to rise without any reason.

There's no perfect and accurate speculation on when the bulls will start pumping the market. You said that you are bankrupt? you will lose if you are going to start selling your coins. But as long as its still on your portfolio, you just need to wait until it goes back to the price you bought it or higher.

[Kakmakr]

Bitcoin does not owe anyone any Bull run, so just get that out of your mind. Some people look at the price history of 2017 and they think Bitcoin must repeat a boom cycle that are based on the performance of last year. This is total bullshit and people should definitely change their view and expectations about this.

Prior to 2017, we had 3 years of almost no movement in the Bitcoin price, so I cannot see why people want to look at a one year performance and think that Bitcoin owe them some kind of price behaviour, based on that. 

[coin8coin8]

Has it gone bankrupt? If you held 1 bitcoin last year, you still hold 1 bitcoin this year, how does it go bankrupt?
Don't always stare at the market, it will make you tired, put your bitcoin in your wallet, then go out on vacation, after 2 years you open your wallet again, you will get what you want.

[mk4]

If you can't withstand with the bears, if you still can't realize that bitcoin might end up in 1k sooner, and if you only rely your earnings in bitcoin/crypto, then its really hard for you to survive, really hard.

if bitcoin goes to 1k . I would very much leave crypto as the masses are dumping bitcoin and not enough hype going around only crickets. my bankroll would be wiped out. i think the public would also go insane not jus me

Sure. Definitely a lot of people(including you as you've stated) would be selling their bags. So what? Development continues regardless. Not every single person here in the cryptocurrency space is here to make a quick buck. Also, since when was it a good idea to throw in your whole bankroll into a very volatile asset anyway?

[PsylockReborn]

These huge dips will surely result in bouncing up high. I can see panic selling right at this very moment. Few believers of bitcoin has already lost hope and given up the "hodl".
Once again whales wins the game. Weaker hands end up losing their investments due to panic selling. Few weeks from now the bounce back of bitcoin price will surely come.
We as a supporter of bitcoin shouldn't let bitcoin down. This is a bitcoin forum in the first place so we should all support this technology and never entertain any FUD for we are the main
source of information from newbies coming into the crypto space.