Guys calm down and relax. Its going to be fine.

[Bitcoinwaist]

 I just want to say a few things about what i see happening.
I have been a trader a holder a price watcher for 5+ years.  Bitcoin is not dying it is not going to zero etc etc. This isnt even a retail shake out. This is a game of chicken between the whales and large traders on the exchanges. My one btc sell or yours doesnt matter. Just like on the nyse. My 10 share sell of walmart is norhing. Bitcoin is a confidence game. Its a game that tests your psychological fortitude. Traders want your money(coins) and will do anything to pry it away from you. Btc is all about rumors and fud because that is the only thing that stimulates buying and selling. There are no earnings reports or sales figures to base price on like stocks. It is a pure psychology and emotional driven machine. You have to take emotions out of it people. Does it suck that we are going down? Hell yes but if you sit back and read between the lines there is an obvious reason for this dump. No one in the media or no one big heavy hitter in btc will come out and say it but whales are taking the price low on purpose. Its not one person selling 1000 coins each day and exiting. Smart money would put in a limit price and let it be filled not market sell and lose thousands of $$$ on every trade.

The bottom line is if there are no sellers of coins and the whales are runn8ng low on supply they drop the price to get sellers. They cant raise it looking for people to cash out because they hodl even more during a pump.

Bitcoin is getting so spread out amoungst hodlers and users in the world that its getting harder and harder to find coins.
So with that said. You have baakt opening in about 2 months and fidelity on the horizon. Think about it if you were a whale and had 2 months to stock up on something that is going to fly off the shelves you would do whatever you had to do to fills your bags and when the doors open make bank big time.

Guys do you realize how deeply ingrained crypto is? The Nyse is going to be selling bitcoin!!! They probably did years of research crossing their t's and dotting their i's on this jump. There is no going back. Same with the futures and etf etc. Mahor major financial institutions are putting their reputations on the line fir crypto. Its not going to fail.

Nothing has changed there is no bad news. Bch fork is a smokescreen. Prepare yourselves for next year and look at this as a buying op. Be greedy. I hope this helps calm some nerves. We are all going to be fine.

[SoiledDove]

I also believe it is not over. Cryptocurrency is simply evolving into a higher level, that's all. Have you heard about Virie? See this..https://www.annerainwater.net/blog/the-distributed-exchange-network

[bitcoinisbest]

I also believe it is not over. Cryptocurrency is simply evolving into a higher level, that's all. Have you heard about Virie? See this..https://www.annerainwater.net/blog/the-distributed-exchange-network

Something possible that might be all whales would be just preparing now to enter the market as it is below 4k and start buying in the bulk and before the year end itself it crosses 10k so that they can make easily 6k on per btc and see out later ad say goodbye to 2018. So it is also chance for us to make money during this period.

[polonezup]

I hope you are right and we will see a good grow after time pass, i will hold my low amount of coins that i have anyway, not too much to lose even if go lower.

[1Referee]

How can people calm down? They bought themselves into something they only thought could increase in value. It doesn't. They are disappointed.

It may sound harsh, but there is no infinite amount of coins that will be sold, and the sooner people sell, the sooner the market will be able to find a way up again. Free money doesn't exist. All those who thought to become rich overnight ended up with less money instead of more. It's an expensive life lesson. Don't invest in something you don't know shit about.

The shakeoff isn't over yet until we test that $3000 level.

[fabiorem]

Its very easy to calm down if you bought for $15.

[sorrysteve1]

Its very easy to calm down if you bought for $15.

Are the people who bought for $15 even panicking? Are they even still here?

It's an expensive life lesson. Don't invest in something you don't know shit about.

Do you think most of these people will even learn their lesson? It would seem that it's just going to happen again in the future, the thought of a free lunch seems to activate some primal greed in the brain that overrides all sense of logic and sensibility.

[Bitcoinwaist]

I bought my first coins for $15 i didnt say i have held them since.
I wish i did but that is hindsight. I have bought sold traded LOST got scammed out of bitcoins in past years. I only really started to hold when they were around $1000. So im not as i would have liked but i have a nest egg that i have held all the way down from $20k. And that is what the early adopters had to do to reap the rewards. Tbh at $15 the boat was missed was what i thought. Im thinking people got in for fractions of penny and here the price is up at $15. Same goes for the bear market of 2014-16. That was dead money for 2 years and many sold out. Those that bought under a dollar were the adopters.  At that price $100 was a wet dream let alone $1000. What i am getting as is you think its over but its going to be fine in time.

Its very easy to calm down if you bought for $15. 

[Bitcoinwaist]

what i am trying to say it what people are goin through right now that are worried and mad etc is the pain that comes with the territory.

here is pain:

say I bought 100btc at $15 back in 2012.
i would have had to watch the price go to $36 and not sell and watch it crash back to single digits.
i would of had to watch the price then go to $100 and crash back down and still hold.
i would have had too watch the price go to $260 then crash back to $58 without selling.
then i would have to watch the price go to $1200 and not sell, then crash back down to $200 and not sell.
then wait 3 years at $200.
then watch it go up last year to become a millionaire IF you decided to sell and get out at the top.

and this isnt counting all the fud, mt gox, bear whale, silk road closing and the list goes on during this time.


and people are worried right now about bitcoin because it went from $20k to $3k give me a break. embrace the dips and add to your position. no free lunches in crypto.
gl

[1Referee]

Do you think most of these people will even learn their lesson? It would seem that it's just going to happen again in the future, the thought of a free lunch seems to activate some primal greed in the brain that overrides all sense of logic and sensibility.

It depends. Getting burned and losing a lot money in the process is for people the most severe form of a punishment. If you are rewarded for your stupidity, you won't ever learn it's wrong because it's working well for you financially. Some might try it again without any understanding of what exactly happened previously, but that's more an indication of people needing professional help.

Most OG's have had a rough start and lost a large chunk of their net worth in the process, but they actually used their negative initial experience here in their advantage by understanding what they did wrong.

[sorrysteve1]

Do you think most of these people will even learn their lesson? It would seem that it's just going to happen again in the future, the thought of a free lunch seems to activate some primal greed in the brain that overrides all sense of logic and sensibility.

It depends. Getting burned and losing a lot money in the process is for people the most severe form of a punishment. If you are rewarded for your stupidity, you won't ever learn it's wrong because it's working well for you financially. Some might try it again without any understanding of what exactly happened previously, but that's more an indication of people needing professional help.

Most OG's have had a rough start and lost a large chunk of their net worth in the process, but they actually used their negative initial experience here in their advantage by understanding what they did wrong.

But isn't there always that part of your mind that says 'this time it will be different, so many people have already got rich from this'. I would think that a lot of people would fall in to that trap, I guess it's in a lot of ways similar to a gambling addiction.

I don't think that the community here is a very accurate representation of all people that invested in to crypto however. MOSTLY (big caveat on that) the members here are keen to learn and understand more about the tech, the market and everything in between, instead of being purely motivated by money. Even if they are motivated by money alone, they understand that in pursuit of that you will need knowledge.

[Vit83]

My depo is near total zero so I'm  very calm) Nothing to worry about) I already lost almost everything) So if it will recover it will be great)

[hisslyness]

Do you think most of these people will even learn their lesson? It would seem that it's just going to happen again in the future, the thought of a free lunch seems to activate some primal greed in the brain that overrides all sense of logic and sensibility.

It depends. Getting burned and losing a lot money in the process is for people the most severe form of a punishment. If you are rewarded for your stupidity, you won't ever learn it's wrong because it's working well for you financially. Some might try it again without any understanding of what exactly happened previously, but that's more an indication of people needing professional help.

Most OG's have had a rough start and lost a large chunk of their net worth in the process, but they actually used their negative initial experience here in their advantage by understanding what they did wrong.

You only made a lost if you SODL!

HODL and as some people here say BTFD

[Tagus45]

I am sure that bitcoin will not disappear, but because of fear of loss that makes people panic in this condition. I think we need a vacation for now.

[timerland]

I just want to say a few things about what i see happening.
I have been a trader a holder a price watcher for 5+ years.  Bitcoin is not dying it is not going to zero etc etc. This isnt even a retail shake out. This is a game of chicken between the whales and large traders on the exchanges. My one btc sell or yours doesnt matter. Just like on the nyse. My 10 share sell of walmart is norhing. Bitcoin is a confidence game. Its a game that tests your psychological fortitude. Traders want your money(coins) and will do anything to pry it away from you. Btc is all about rumors and fud because that is the only thing that stimulates buying and selling. There are no earnings reports or sales figures to base price on like stocks. It is a pure psychology and emotional driven machine. You have to take emotions out of it people. Does it suck that we are going down? Hell yes but if you sit back and read between the lines there is an obvious reason for this dump. No one in the media or no one big heavy hitter in btc will come out and say it but whales are taking the price low on purpose. Its not one person selling 1000 coins each day and exiting. Smart money would put in a limit price and let it be filled not market sell and lose thousands of $$$ on every trade.

The bottom line is if there are no sellers of coins and the whales are runn8ng low on supply they drop the price to get sellers. They cant raise it looking for people to cash out because they hodl even more during a pump.

Bitcoin is getting so spread out amoungst hodlers and users in the world that its getting harder and harder to find coins.
So with that said. You have baakt opening in about 2 months and fidelity on the horizon. Think about it if you were a whale and had 2 months to stock up on something that is going to fly off the shelves you would do whatever you had to do to fills your bags and when the doors open make bank big time.

Guys do you realize how deeply ingrained crypto is? The Nyse is going to be selling bitcoin!!! They probably did years of research crossing their t's and dotting their i's on this jump. There is no going back. Same with the futures and etf etc. Mahor major financial institutions are putting their reputations on the line fir crypto. Its not going to fail.

Nothing has changed there is no bad news. Bch fork is a smokescreen. Prepare yourselves for next year and look at this as a buying op. Be greedy. I hope this helps calm some nerves. We are all going to be fine.

From a speculative aspect, this is just a bear market. Obviously this was bound to happen after a year of unprecedented price growth. I mean, we've seen this many times before as well, so I'm actually not that surprised by it at all.

But also, you gotta see the long term picture. As you mentioned, several institutions are already setting up their trading services or preparing to invest in bitcoin directly despite the bear market, which is something that could potentially influence the next bull market as well.

Also, I still believe that mass adoption, even if bitcoin doesn't necessarily replace fiat in its day to day uses, can happen in the future, which will definitely boost demand for sure. I'm definitely not concerned about prices at all, even though the bear market could continue on for another half year or even a year. It's a great buying opportunity for sure.

[PuertoLibre]

I am sure that bitcoin will not disappear, but because of fear of loss that makes people panic in this condition. I think we need a vacation for now.

At least i am confident now cryptocurrencies are here to stay I always advice to other traders to shut down pc and go for walking if you cant handle what happens in market. Panic selling is way of showing your emotion in case of big losses on open positions. I know the feeling of margin call before positions get stopped out by some unkown expert advisor or api.

[BTCGOLD]

I also believe it is not over. Cryptocurrency is simply evolving into a higher level, that's all. Have you heard about Virie? See this..https://www.annerainwater.net/blog/the-distributed-exchange-network

Certainly, this is not the end of cryptocurrency or blockchain technology, but unfortunately, all analizes are saying that it is also not the end of price drops. I know that we can not predict the price of Bitcoin, but it looks like soon we will see its price below $3000.. Hopefully not.

[thecodebear]

I also believe it is not over. Cryptocurrency is simply evolving into a higher level, that's all. Have you heard about Virie? See this..https://www.annerainwater.net/blog/the-distributed-exchange-network

Certainly, this is not the end of cryptocurrency or blockchain technology, but unfortunately, all analizes are saying that it is also not the end of price drops. I know that we can not predict the price of Bitcoin, but it looks like soon we will see its price below $3000.. Hopefully not.

Why "hopefully not"?

The price going below $3k now isn't going to affect the next bull run. I wouldn't be surprised to see 6 months of $3k to $6k price before next bull market gets going. Whether the bottom was $3500 or is $2500 doesn't really matter, just better buying opportunity if you can get in if/when another sell off comes. Going under $3k just means better buying opportunity! I for one hope it goes under $3k. I bought Bitcoin for the first time since early Nov 2017 last week at $3800. I bought a tiny bit more at like $4200 today. In a couple days I'll have some more money and hopefully there will be a dip off this surge so I can get more under $4k. If it drops to low $3000s in December I'll surely pick up a little more. And I'll be buying a ton more in early 2019 no matter what the price is, but obviously hoping its still hanging around $4k by then.

Though I'd say its likely it won't go under $3k now, since the panic selling from the BCH split seems to be over now. But I am really hoping for 2-3 months of $3500-$4500 prices for delicious buying opportunities!

[exstasie]

I also believe it is not over. Cryptocurrency is simply evolving into a higher level, that's all. Have you heard about Virie? See this..https://www.annerainwater.net/blog/the-distributed-exchange-network

Certainly, this is not the end of cryptocurrency or blockchain technology, but unfortunately, all analizes are saying that it is also not the end of price drops. I know that we can not predict the price of Bitcoin, but it looks like soon we will see its price below $3000.. Hopefully not.

Why "hopefully not"?

The price going below $3k now isn't going to affect the next bull run.

I imagine because he's holding. The further down we go, the more painful it gets. That's not a major problem for strong hands, but it's probably pretty tough for people who bought into the bubble last year.

I wouldn't be surprised to see 6 months of $3k to $6k price before next bull market gets going.

Me too. Wherever we bottom, the market should go sideways for quite a while as bulls quietly absorb selling pressure and demand takes over.

[BitHodler]

I'm definitely not concerned about prices at all, even though the bear market could continue on for another half year or even a year. It's a great buying opportunity for sure.

Same here. I always average my way into the market, which means that I prefer a slower form of growth, or a bear market pressing the prices down for as long as possible.

I was accumulating in 2016/2017 till the price went up so hard, that I couldn't catch up anymore. I had a plan that factored in a 50% price increase all the way till the end of 2017, but the market had other plans.

I had to stop buying because the market looked like it was bubbling up, which it actually was turns out later. Seriously, I was disappointed seeing the price go up, and happy to see it go down now. I can buy again.