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

[Herbert2020]

 the whale accumulation has been becoming a very common thing for a couple of years now. people keep on blaming the whales for owning a lot of bitcoin but forget that they could have done the same if they didn't go against the market themselves meaning sell at the bottom and buy on top!
the thing is, for the past 4 or 5 months there has been an accumulation going on, and this month the whales tried to accumulate at a lower price and that is why the price was pushed down. everyone knows price will shoot up to the moon sooner or later but only whales are buying more and others are waiting for it to be too late before buying it!

[SoiledDove]

The truth is, cryptocurrency is the future. No two ways about it. But as to which cyptocurrency will ultimately lead the field, we have to wait and watch. My guess is that Bitcoin will lead the way as long as it's possible to do so. Then it's place will be taken by a stronger and more evolved cryptocurrency. But you knew that already. Right?

[joshv06]

The truth is, cryptocurrency is the future. No two ways about it. But as to which cyptocurrency will ultimately lead the field, we have to wait and watch. My guess is that Bitcoin will lead the way as long as it's possible to do so. Then it's place will be taken by a stronger and more evolved cryptocurrency. But you knew that already. Right?

Yes i agree on this. Folks just calm and don't panic the situation will change and Crypto market will gain it confidence back among people, investors very soon like it happened earlier year. So be calm and wait for Great time ahead for Bitcoin..

[matico]

I just don't calm down and relax, I love to relax actively. I know there are opportunity lurking in both uptrend market and downtrend market so I am watchful, vigilant and diligent! I made good ether in this dow market! Imagine if I had just relax carelessly, I would not have increase my ether holding!

[mOgliE]

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.

Completely true. They need the panic sells to be able to accumulate more. Be smart and act like the whales.

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.

I'm a bit more skeptical here. The problem is there is no really bad news but there is definitely no good news. I don't think adoption is actually going up, quite the opposite. People aren't using btc at all and less and less people are using it. So as the supply of btc only increases... It means the price can only steadily decrease.

Until the next big pump, next big hype and then we're on the road again of course.

[aris av]

Yes, bitcoin will survive and will recover its price, this is not the end and bitcoin will be fine even though the current conditions are very bad. Staying calm and relaxed, and holding patiently will be a way to achieve profit, because success requires patience.

[Findingnemo]

Bitcoin will always stay here no matter of what and itis always one bitcoin is equal to one bitcoin don't calculate the bitcoin interms of fiat then everything will be fine.

[Slow death]

I have been a trader a holder a price watcher for 5+ years. 

this means that you have already seen many ups and downs of this market

Bitcoin is not dying it is not going to zero etc etc.

unfortunately there are many people who do not understand this and whenever prices fall they go into panic and sell because they think the price will fall to $0

Its a game that tests your psychological fortitude

Truth, I remember in the past that when I bought bitcoin and then the price dropped I would panic and get very angry and every day that when I woke up I ran to see the price, it was very stifling days because all my attention was on the price






 

[fasdorcas]

I am not too sure if it will be fine from now. Bitcoin is not something that can stay put for too long without some hectic thing going on. I know that Craig stopped selling his coins FOR NOW but can you say he stopped for good ? What happens when he keeps on selling until bitcoin price goes down to 1000 dollars per bitcoin like he said previously ? Can we guarantee that he won't do that ? Or maybe someone else will do something like that ? We have no idea what will happen next, there has always been some bad news that took bitcoin by the horns and pulled it downwards.

I know if everything goes alright and nothing hectic ever happens bitcoin will be a high priced equity but I am not too sure about being so normal. I think we need to see some increases in price before we feel like we are out of the woods.

[sjefdeklerk]

Traders want your money(coins) and will do anything to pry it away from you.

Haha. So the whole tank from 20k to 4k are just 'traders' trying to pry people away? That's so funny.

Anyway to me it's very clear. When BTC got popular people quickly saw that it could never work as a global payment system since it didn't scale. People sometimes say "yeah but LN is going to solve that", well LN is a joke like I've pointed out several times and will never work. Bitcoin payments keep going down, nobody pays with bitcoin anymore. In fact, sure, you can pay at some online stores like newegg.com with bitcoin but you should see the exchange rate, it's actually several percent more expensive to pay with BTC than with dollars so why the hell would that ever become popular?

Bitcoin is dead, smart people like me saw that and have been shorting btc the past year. And I'm still short, this thing will go below $1000 pretty soon. Big money is shorting/selling all upticks like we've seen, it keeps below $4400 and every hope will get sold again. The SEC will shoot down those crazy ETF plans soon, that will be the first big tank and then it will continue its slow death again.

[Clark05]

For sure it will be fine, the also cause of dumping the value of the coins is because of the person or an individual who are panicking selling their coins. I suggested once you see the coin that you keep decrease a little don't sell it and better to buy more.

[1Referee]

Anyway to me it's very clear. When BTC got popular people quickly saw that it could never work as a global payment system since it didn't scale. People sometimes say "yeah but LN is going to solve that", well LN is a joke like I've pointed out several times and will never work.

You didn't point out anything other than your own flawed narrative that's heavily centered against Bitcoin and its second layer.

Bitcoin payments keep going down, nobody pays with bitcoin anymore. In fact, sure, you can pay at some online stores like newegg.com with bitcoin but you should see the exchange rate, it's actually several percent more expensive to pay with BTC than with dollars so why the hell would that ever become popular?

How do you know Bitcoin payments are going down other than the obvious assumption that the bear market is heavily pressing down anything related to crypto? Bitcoin's on-chain transactions are going up despite services heavily batching transactions, meaning, we're going through a healthy dose of growth.

Purse.IO offers people discounts up to 30% when they use Bitcoin. Not bad ha?

Bitcoin is dead, smart people like me saw that and have been shorting btc the past year. And I'm still short, this thing will go below $1000 pretty soon. Big money is shorting/selling all upticks like we've seen, it keeps below $4400 and every hope will get sold again. The SEC will shoot down those crazy ETF plans soon, that will be the first big tank and then it will continue its slow death again.

You sure you aren't a sore altcoin loser? Bitcoin down means altcoins down as well, must be hard for you.

[Capt00]

For sure it will be fine, the also cause of dumping the value of the coins is because of the person or an individual who are panicking selling their coins. I suggested once you see the coin that you keep decrease a little don't sell it and better to buy more.

How do you know that it will be fine, many people now got panic in this situation because they are expecting a profit in the last quarter of the month and it is just now. They are investing and hoping a profit probably others now are getting disappointed right at this moment.
Well, hopefully, you are right. Let's calm down behind the bearish market and forget for a while the cryptos.

[TheAndy500]

For sure it will be fine, the also cause of dumping the value of the coins is because of the person or an individual who are panicking selling their coins. I suggested once you see the coin that you keep decrease a little don't sell it and better to buy more.

How do you know that it will be fine, many people now got panic in this situation because they are expecting a profit in the last quarter of the month and it is just now. They are investing and hoping a profit probably others now are getting disappointed right at this moment.
Well, hopefully, you are right. Let's calm down behind the bearish market and forget for a while the cryptos.

If you will read opening post you will have the answer why will be fine. Most people that was in panic in last weeks that are people that invest in Bitcoin during the bull run at the end of 2017. Real Bitcoin supporters hold their coins and wait as it was during other bubbles before. When whales will full their wallets will start another pump, so yes, sonner or later will be fine.

[bintangkejoraku]

there is nothing to worry about, those who panic and sell only make things worse. keep calm and hold your bitcoin, this condition will end soon.

[EcoChavCrypto]

Relax is all what we can do at the moment, i do not understand all that people that are panicking and selling their coins, they are the ones causing all this huge dump on the price.
This is a time for accumulation, that is one of the only things that we need to do now.

There is no reason to keep dumping or keep creating fud on the market.

[sjefdeklerk]

How do you know Bitcoin payments are going down

https://www.reuters.com/article/us-crypto-currencies-payments-analysis/bitcoin-for-payments-a-distant-dream-as-usage-dries-up-idUSKCN1NP1D8

You sure you aren't a sore altcoin loser? Bitcoin down means altcoins down as well, must be hard for you.

Why the hell would I be bearish on bitcoin and buy some crap altcoin? No man, I've been shorting bitcoin since it was 18k, made some good cash and going to make much more when this posh is going < $1000 next year. While people like you've been dead wrong and lost so much money. And will lose much more cause you're still not seeing it.

[figmentofmyass]

I am not too sure if it will be fine from now. Bitcoin is not something that can stay put for too long without some hectic thing going on. I know that Craig stopped selling his coins FOR NOW but can you say he stopped for good ? What happens when he keeps on selling until bitcoin price goes down to 1000 dollars per bitcoin like he said previously ?

think about it. if he had to liquidate tens or hundreds of thousands of coins to fund his little war, why would he announce it to the market before he did it? to encourage panic and guarantee himself a lower selling price?

it was just rhetoric to persuade people to his fork. he and calvin ayre don't really have that many coins.

[magneto]

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.

Buying opportunity for sure.

I'm not sure why all of a sudden people are turning and saying that bitcoin's future is now no more, and stuff like that. It's just absurd how market sentiment is able to affect people's long term perspective of something.

To me, nothing has changed. The technology remains the same, and if anything, within this bear market we saw even more adoption, especially institutions.

With prices this low, I don't think that there is much further to go in terms of dips until the bottom is found. And even though the recovery might still be far away at this point, I believe that accumulating right now if you're a long term investor is worth it.

[exstasie]

I'm not sure why all of a sudden people are turning and saying that bitcoin's future is now no more, and stuff like that. It's just absurd how market sentiment is able to affect people's long term perspective of something.

To me, nothing has changed. The technology remains the same, and if anything, within this bear market we saw even more adoption, especially institutions.

It's because they're investors, and their investments are in the shitter. They patiently waited all year thinking $6,000 was the bottom only to see it crash. I don't think we've seen true capitulation and despair quite yet, but we're getting there.

It's a sign we're getting near the end of the bear cycle. People sounded the same in late 2014, early 2015. It just goes to show you how these price/sentiment cycles repeat.