This is why I'm not worried about Bitcoin price.

[Gabrielexas]

I'm not worried about the price because firstly I have my own bitcoin stock which I hold and which I sell on a regular basis but in small portions to balance my earnings regardless of bitcoin be at $20k or 2K.

Secondly my customers from outside Europe pay me in Bitcoin and I always get the same amount of money regardless the bitcoin value at the time. So if bitcoin is at $20K great I get less bitcoin in payment but afford to have good return on my bitcoin savings. If bitcoin crashes to 1K it does not bother me either as I get a lot more bitcoin for each job I'm paid.

Lastly I got my private pension also invested into bitcoin via a Swedish based stock. I play with that a lot... like when bitcoin goes up even if a bit I sell my stocks and keep the cash and once it crashes I buy a whole more load of units and so my units are keep increasing since then.

So I feel sorry for those who did some cold investment, but this situation does not bother me at all, and since I have now sold my pension I kinda hoped bitcoin would go down  even up to $500 as at that point I would by craploads of units back and wait for a new sell window   not to mention the amount of bitcoin I would gather from payments on my current job which once bitcoin would just hit even 3K back would give me a huge profit.

So yes a lot of people upset about this situation but for someone like me for example I always have a win win situation no matter if it is high or low and I think some of you investors and bitcoin holders should think about ways of taking advantage rather then just buy and hope for the best. Don't be just a passive investor but an active one if at all possible.

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[messito]

bitcoin will grow in the future and you can have no doubt about it because it is very promising

[pixie85]

I'll be worried if we go below 1000 dollars because there would have to be a giant flaw in Bitcoin for us to go this low. Or Satoshi would have to sell everything on the market. The biggest trades are taking place outside exchanges. You don't even know what the real "price" is. And the real price is not the price of coins on manipulating bitfinex, but the price at which large investors are buying behind their backs to avoid fees.

[Gabrielexas]

My estimation is that we may go as low as $2.5k and stay for most of 2019 on average $3.5K. Then from Sep/Oct 2019 onwards hit again 6K and moving up to hit 10K by end of 2019. But if the growth happens sooner or later I can handle it either way. I just think that Bitcoin is not the best asset to buy and sit on.... one got to have a plan to keep harvesting to reduce risk and my advise for those who got a business try to implement receiving payment in bitcoin specially if you dealing with overseas customers or services.

I actually when started to use bitcoin back in 2012 was due to a  logistic need and not because it got my attention. I was having a hard time with payments from abroad as my customers wanted the work to be delivered faster but waiting for about 7 business days from bank clearance and higher fees was not helping. Even I used Western union but again my bank was not for some reason happy with those transactions even though I always backed them up with my online work. So it came to a point I thought to use bitcoin just for the sake getting paid faster and almost fee-less and for a good time as soon as I received bitcoin I sold it into fiat straight away, but then when price start to move and I noticed that a $500 payment in just 2 days was already worth $650 I understood I was being stupid in selling it that fast   so that is when I changed my strategy and start to learn about bitcoin history and where it was heading to.

I think the best way to use bitcoin is to invest into something which you can control sell/buy. I think if I would have invested in bitcoin when it was at 10K or higher and waited for a big profit I would be gutted now too, so I feel the pain of those who went this way, even though this have worked for those who have entered the game "early".  I think other avenues should be explored with bitcoin and even if bitcoin hits as low as $500 or less, just see it as a new opportunity to enter the game early again.  

[aoluain]

As with any business some people are able to see a niche or create one
in order to better their financial status, others however might see an
opportunity but cannot capitalise on it. It really depends on the individual.

There are definitely plenty of chances available for people to earn more,
and its nice to get a real life example of this. Thank you OP.

[KuyaBreezy]

Of course you can try to be quite shielded in this situation, but it obviously affects you, the payment you receive right now can be devalued in 2 weeks, and so it can be consecutively with each new payment, all this year bitcoin has been falling, nothing indicates that it will rise, and if it does probably is in the halvening that will occur in another two years.

[Al-e_x]

yes, and I prefer to trade in the near future to create profits, even though my profits are small. but that is my choice.

Bitcoin prices have reached 20K at the end of 2017, even that makes me not worried, because bitcoin will follow in the previous footsteps.

[jcpone]

Bitcoin is really great for long-term investment. If you decided to take this, you shouldn't be bothered anymore by any news of decline. It won't matter because you're mind is set on the future maybe two or three years from now. This is the cold investment. But, if you want profit right away, day trading is possible as long as there is fluctuations and it is not always decline.

[Gabrielexas]

Of course you can try to be quite shielded in this situation, but it obviously affects you, the payment you receive right now can be devalued in 2 weeks, and so it can be consecutively with each new payment, all this year bitcoin has been falling, nothing indicates that it will rise, and if it does probably is in the halvening that will occur in another two years.

Yes for example payments I received when bitcoin was at $6.5K and plus have now devalued, that is why I always sell some percentage every month from my overseas payments so that I cover my risks. It's true that some months price may get only in one low direction but the opposite also happens. However what I have been experiencing is that even when price drops quite a lot (and technically I loose money), the bigger amount in bitcoin that I receive in the next month or so eventually covers for the lose or even in excess when price goes up.

Of course if the price goes only down it is a constant loss, but even if it would get so bad that 1 bitcoin would be $1 only any little jump to $3 or $4 would get me a 3 or 4 times reward on capitalising back. So even though the down direction is "negative" it is also true that the most low it gets the most close to duplicate or triplicate in value it can get.

Worse case scenario is if bitcoin would only go down from here until hit close to zero $0.0001 and never move up again, but even on that case I could still sell whatever I receive at that rate and bitcoin would still be a great asset for my business due to the banking problems I referred before. The amount of customers i would lose for waiting times and high bank fees would still in the long run even if bitcoin would loose all its value be better for me to use than the banks, unless of course there no one would be interested in buying my thousands of bitcoins for fiat currency anymore  but I think I would always find common ground there with other business and users who still want to buy bitcoin for whatever reason that may be.

So I only can say bitcoin has been for me an asset, an opportunity to earn more, but most of all a great way for me to receive fast money from overseas and keep my business moving at a pace to please my customers. I can't be upset in any way for whatever value bitcoin will get to even in the worse case scenario.

[biascoin]

BTCagholders just BTCagholders.

bitcoin will grow in the future and you can have no doubt about it because it is very promising

`
That makes no no freaking sense, you cannot guarantee that Bitcoin will grow in the future "because it is very promising" there are thousands of other cryptos and none is woth more than the trust that people put on them. Truth is, no one is using Bitcoin as a currency or as a tore of value.

Nowadays, cryptocurrencies are all useless. Pure speculation.

[Gabrielexas]

BTCagholders just BTCagholders.

bitcoin will grow in the future and you can have no doubt about it because it is very promising

`
That makes no no freaking sense, you cannot guarantee that Bitcoin will grow in the future "because it is very promising" there are thousands of other cryptos and none is woth more than the trust that people put on them. Truth is, no one is using Bitcoin as a currency or as a tore of value.

Nowadays, cryptocurrencies are all useless. Pure speculation.

I get the part of no one being able to promise anything although I personally believe that bitcoin price will go down and will come up again as it did before. However Crypto currencies are not useless it just depends on what use they have for you. As I mentioned on my previous post even if for example bitcoin would not give me any profit reward and would crash in value I would still use it for receiving overseas payments as it would still be faster and cheaper than using banks and other third parties. So in my case I have use for bitcoin and the blockchain. Crypto is not just about investment there are other advantages, but what works for me and it is of use for me cannot be for everyone as we all have different agendas and needs.

[Bincanet]

Bitcoin is really great for long-term investment. If you decided to take this, you shouldn't be bothered anymore by any news of decline. It won't matter because you're mind is set on the future maybe two or three years from now. This is the cold investment. But, if you want profit right away, day trading is possible as long as there is fluctuations and it is not always decline.

Yes, you're right. If we decide to invest in bitcoin as a long term investment. Should not worry much about this price at this time.

[pooya87]

So yes a lot of people upset about this situation ~

to be fair i believe most people aren't upset because of the price drop but because of the reason for the price drop. for example you can't find anyone who is truly upset because price dropped from $20k to $10k although that was a gigantic drop. but they are upset now because this is not a natural drop and the reason for it comes from an altcoin drama which doesn't even have anything to do with bitcoin.

[sudeshkumar]

Because Bitcoin price is not only the single factor which is making popular it has lot of things to consider like blockchain technology,deregulation and more so the faith of the people behind it.

[velive08]

bitcoin is at a low price position, but believe if bitcoin can be one of the high-potential coins to be able to become a good coin and grow tall. so I think this is a good thing to hold bitcoin.

[paulk11087]

bitcoin is at a low price position, but believe if bitcoin can be one of the high-potential coins to be able to become a good coin and grow tall. so I think this is a good thing to hold bitcoin.

People who can turn every crisis into an opportunity will be profitable. In fact, if we could take all our measures and turn the situation into an opportunity, instead of worrying, we would be thinking about our profits.

[btyco]

It's sad for anyone that is relying on bitcoin as a source of income, this is why it should be traded as a part time job rather than an all in type of income. Good times will return, they just need to hodl

[munareal]

I am not worried about the present value of Bitcoin. This is the time for wise ones that have funds to invest to buy them cheap. This is just the beginning for Bitcoin. I am so positive about it being a million dollar someday.

[dothebeats]

Those who are affected greatly by this sudden fall are those who don't have any other investments apart from bitcoin and cryptocurrency. One must understand that a single point of passive income is always bad, mostly if you have already invested a lot of money into it and all your money is literally frozen into that particular investment. The ones who are happy with this fall are those who have extra money laying around and are just waiting for a perfect buying opportunity again (just like me). This is also a good time to average the cost of your buys in order to get more profit if bitcoin booms once more.

[Pursuer]

it has always been about investing what you can afford to lose. this has been said millions of times and only those who listen are winners. it is not just about the monetary gain/loss either. it is about having your mind at ease because you haven't invested your whole life in something to vanish overnight.

then you can think about things that really matter like the true potential of bitcoin. there still is 21 million coins max and owning 21BTC means being 1 in a million! that is ridiculous. I will soon bump my 1 in a million topic since this is a milestone for those who want to be 1 in a million, now is the opportunity to catch up.