Don't Be Fooled By The Price Dump! Here's the Real Deal

[emmysteven_]

For those who are discouraged, remember history keeps repeating itself
Take yourself through the bitcoin memory lane
- Bitcoin went from being worthless ($0) to $4000+ in less than 10 years
- Bitcoin has a trading volume of $4-$5 billion per day
- It handles 200k-300k transactions per day
- It facilitates the transfer of $1 billion worth of transactions per day globally
- It is being accepted by thousands of merchants around the globe
- It introduced one of the biggest technologies that is being used by banks, governments, and a lot of financial institutions

It has changed the way we carry out transactions and believe me you it has come to stay!
Don't be fooled by the naysayers and those who are adverse to change which we all know is the only permanent thing

NB: Always remember this, you have not made a loss until you sell
    After a price dump comes a price pump
    Never allow your emotions to do the thinking for you
    Always go with your gut feeling

[dothebeats]

Sadly though these things would have gone overlooked by panic sellers considering how deep it declined in just a span of a few weeks. Most people nowadays won't look for answers in the past and are just confined by the information that they reading in the now. While I like your optimism regarding the current state of bitcoin, most people don't share our sentiment and tend to just sell since they think that this is already the end (which is not, clearly.) With all the good news springing on every corner, starting from Starbucks being convinced by Bakkt's CEO to accept bitcoin to NYSE and NASDAQ looking to set up their own futures, why should I worry if these big guys aren't worried of bitcoin tanking atm?

[emmysteven_]

Sadly though these things would have gone overlooked by panic sellers considering how deep it declined in just a span of a few weeks. Most people nowadays won't look for answers in the past and are just confined by the information that they reading in the now. While I like your optimism regarding the current state of bitcoin, most people don't share our sentiment and tend to just sell since they think that this is already the end (which is not, clearly.) With all the good news springing on every corner, starting from Starbucks being convinced by Bakkt's CEO to accept bitcoin to NYSE and NASDAQ looking to set up their own futures, why should I worry if these big guys aren't worried of bitcoin tanking atm?

Well, there's this conspiracy theory that the price of bitcoin is being manipulated so that it will afford some folks to buy bitcoin in a large amount and wait when the price will bump and then become very rich

[Wilhelm]

After trading for a while I am starting to learn that it is best to do the opposite of what your intuition says you should do.

- Buy when everyone is selling.
- Sell when everyone is buying.
- If everyone says A then do B

HODL is always good if you know the long term trend is positive....

[BitHodler]

Well, there's this conspiracy theory that the price of bitcoin is being manipulated so that it will afford some folks to buy bitcoin in a large amount and wait when the price will bump and then become very rich

Bitcoin and manipulation have been tied to each other since the very beginning of when it became a tradable asset. In some cases it's rather obvious and in some cases not.

I am of believe that we have been pushed down artificially in the last couple of weeks, but in the end, the panic sellers are responsible for tanking the market to where we are right now. There are always two sides to a story.

I really hope that people for once stop paying attention idiots such as Tom Lee. I'm sure he has the best intentions, but it's not working out, and it affects people because they hope for something that won't come.

[aris av]

Even though currently the bitcoin is being dumped, but it won't make bitcoin die, and even though the market is currently very bloody but bitcoin is still likely to pump again.

[maxamus]

Even though currently the bitcoin is being dumped, but it won't make bitcoin die, and even though the market is currently very bloody but bitcoin is still likely to pump again.

Yes the Panic traders has made the market and price dump. Don't afraid market is going to change in the upcoming months be calm and don't panic. Bitcoin value is going to touch around 10K. Investors can buy some coins since the prices are low now and Hold it for few months to get benefited.

[Wilhelm]

Only panic if you cannot buy the dip 

[b3j0]

This price decline has no effect on the future of bitcoin, I am very sure if Bitcoin has a very bright future. sooner or later the price of bitcoin will recover, this is only a matter of time.

[emmysteven_]

After trading for a while I am starting to learn that it is best to do the opposite of what your intuition says you should do.

- Buy when everyone is selling.
- Sell when everyone is buying.
- If everyone says A then do B

HODL is always good if you know the long term trend is positive....

This strategy of yours is really beautiful, Wow! I'm impressive, your perspective is such a brilliant one

[buwaytress]

The real deal's always present regardless of price action. Be well reminded to use the very same points the next time the price spikes to new highs (and it will, mind you, many times in many cycles).

But yes, it has changed the way we view money, it may not have brought about a complete change to our spending habits, or how we treat money and send it to one another, but it's definitely a nice spot to be knowing there's an alternative that growing each day as preferable to anything else we've ever known.

P.S. Nothing says expert than the conflicting advice of "never allow emotions to do the thinking" followed immediately by "go with your gut feeling".

[emmysteven_]

The real deal's always present regardless of price action. Be well reminded to use the very same points the next time the price spikes to new highs (and it will, mind you, many times in many cycles).

But yes, it has changed the way we view money, it may not have brought about a complete change to our spending habits, or how we treat money and send it to one another, but it's definitely a nice spot to be knowing there's an alternative that growing each day as preferable to anything else we've ever known.

P.S. Nothing says expert than the conflicting advice of "never allow emotions to do the thinking" followed immediately by "go with your gut feeling".

Wow! Thanks for taking note of the conflicting advice, I must say that you are quite an observant person with eyes for details
However we know that gut feeling is a subset of emotions and the use of the word emotion in "never allow emotions to do the thinking" was vague or ambiguous, the specific emotion I was addressing was that of panic

Psychologists will tell you that humans are emotional and only rationalize a decision based on emotions in order not to appear irrational

[liuqi]

This price decline has no effect on the future of bitcoin, I am very sure if Bitcoin has a very bright future. sooner or later the price of bitcoin will recover, this is only a matter of time.

It is known for everyone but current trading and mining is little affected so many peoples are afraid in this situation. But still big whales are trying to dump and pump in this scenario so we should start to invest in this dip this will be a good profit for future journey.

[supermine]

For those who are discouraged, remember history keeps repeating itself
Take yourself through the bitcoin memory lane
- Bitcoin went from being worthless ($0) to $4000+ in less than 10 years
- Bitcoin has a trading volume of $4-$5 billion per day
- It handles 200k-300k transactions per day
- It facilitates the transfer of $1 billion worth of transactions per day globally
- It is being accepted by thousands of merchants around the globe
- It introduced one of the biggest technologies that is being used by banks, governments, and a lot of financial institutions

It has changed the way we carry out transactions and believe me you it has come to stay!
Don't be fooled by the naysayers and those who are adverse to change which we all know is the only permanent thing

NB: Always remember this, you have not made a loss until you sell
    After a price dump comes a price pump
    Never allow your emotions to do the thinking for you
    Always go with your gut feeling

I am not a bitcoin hater but considering these things only for bitcoin will have a good future will be stupid,the bitcoin is not used as payment mode yet,the daily transactions were just happening on the exchanges to wallets and vice versa and the trading volumes will never make any good effect on the cryptos for what it mean to be so we need to change our minds about cryptos if we want a goof future for it.

[harizen]

For those who are discouraged, remember history keeps repeating itself
Take yourself through the bitcoin memory lane
- Bitcoin went from being worthless ($0) to $4000+ in less than 10 years
- Bitcoin has a trading volume of $4-$5 billion per day
- It handles 200k-300k transactions per day
- It facilitates the transfer of $1 billion worth of transactions per day globally
- It is being accepted by thousands of merchants around the globe
- It introduced one of the biggest technologies that is being used by banks, governments, and a lot of financial institutions

I like your positivity but please don't take the "history keeps repeating itself" as reference for bounce back. What we must take note are the current ones as past performance will not guarantee a future result.

On a lighter note, the pointers given are true and there's even more. That's why even on a the bearish trend, it doesn't changed my view on my hold coins on stash. I always says that people have lots of reasons to believed in bitcoin no matter what.

1. Always remember this, you have not made a loss until you sell
2. After a price dump comes a price pump
3. Never allow your emotions to do the thinking for you
4. Always go with your gut feeling

1. For hodlers yes. But some traders are taking advantage of the current price swing so selling is part of their strategy.

2. That's bitcoin.

3. Being emotional is always there and part of the process. People just have to focus on remaining calm despite of a serious problem they will experienced along the way.

4. Somehow right. We are talking about bitcoin here in the first place so people must trust their strategy if their basis is properly analyzed.

[emmysteven_]

At the end of the day we all have to be optimistic about the future of cryptocurrency because being pessimistic will only do one's heart a great disservice

An optimistic approach to things including cryptocurrency will help one always find a way around tough situations, trust me this is no new age philosophy, it's something I have noticed in my little life experience

[timerland]

For those who are discouraged, remember history keeps repeating itself
Take yourself through the bitcoin memory lane
- Bitcoin went from being worthless ($0) to $4000+ in less than 10 years
- Bitcoin has a trading volume of $4-$5 billion per day
- It handles 200k-300k transactions per day
- It facilitates the transfer of $1 billion worth of transactions per day globally
- It is being accepted by thousands of merchants around the globe
- It introduced one of the biggest technologies that is being used by banks, governments, and a lot of financial institutions

It has changed the way we carry out transactions and believe me you it has come to stay!
Don't be fooled by the naysayers and those who are adverse to change which we all know is the only permanent thing

NB: Always remember this, you have not made a loss until you sell
    After a price dump comes a price pump
    Never allow your emotions to do the thinking for you
    Always go with your gut feeling

History does repeat itself in terms of market cycles. We are currently in a bear market, which we actually saw the exact same time 4 years ago.

I'm actually surprised at the amount of people that are panicking in this situation. It was clear at the start of the year that the unsustainable growth in the market was coming to an end, as the bullish sentiment had cooled off quite a bit. So why wouldn't you expect prices to stay sluggish for at least a year given the previous cycles?

I guess that it's because they aren't focusing on the longer term picture, in terms of increased adoption, increased institutional interest, etc. I could well see bitcoin becoming at the very least, a widely adopted global form of payment and store of value for the unbanked, if not much more than that. And for that reason, I have no problems with riding out all the waves in the market, and accumulating at low points within the cycles in order to gain the long term profits.

[exstasie]

NB: Always remember this, you have not made a loss until you sell
    After a price dump comes a price pump
    Never allow your emotions to do the thinking for you
    Always go with your gut feeling

I'm not crazy about this advice.

If you haven't sold, you may not have realized a loss, but the value is already lost. Sometimes realizing that loss and putting the capital elsewhere (where it might make better returns) is the optimal decision.

HODLing has worked so far with Bitcoin because it has strong fundamentals, and that's reflected by the long term uptrend. It's possible the uptrend could break down and HODLers will never recover their investments.

The last two bits are contradictory. I agree about never allowing emotions to rule your trades. But if you "always go with your gut feeling" then you're acting on emotion. Sometimes, the gut feelings to panic sell or FOMO buy are the most financially devastating. I prefer a more systematic approach.

[khaled0111]

Personally, I don't care about Bitcoin price as I don't care wether it is going to rise or to fall. All I care about is how this technology is going to handle the technical issues it is facing.

[Adriano2010]

I still holding bitcoin and not sell when the price was lower. I think who have money, big investors bought a lot of bitcoin and if they bought at 3700$ and sell now they make a lot of money or if they still hold they will make more money.