Is Bitcoin and Economy rare?

[Mhd-Bobbi]

The prices of bitcoin and Altcoin are all declining, I am stressed thinking about the current price situation that is getting destroyed.

And I also think that the necessities of economic life are getting more expensive, what is needed is also the price of higher needs in the store.

What do you think about the current situation, will this be rare for the long term, the longer I feel stressed in these two needs.

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[jossiel]

The prices of bitcoin and Altcoin are all declining, I am stressed thinking about the current price situation that is getting destroyed.

You are overthinking and just pressuring yourself, you're the one that gives yourself stress. The market is here to stay and it won't be 'destroyed' easily, this is ridiculous just you see it fall and crash you're having that opinion of destruction.

And I also think that the necessities of economic life are getting more expensive, what is needed is also the price of higher needs in the store.

What do you think about the current situation, will this be rare for the long term, the longer I feel stressed in these two needs.

That's normal, inflation isn't rare and we are just getting used to it. All things and expenses are getting expensive and I think you are applying this logic to bitcoin that the longer you'll get into it, prices are likely to increase if that is so that's I agree with that logic.

[1Referee]

The hype is over. I think people don't understand that yet. Everything that happened last year wasn't normal, especially not what happened with all the ICO's. I was shocked every $1000 we increased last year, because Bitcoin itself didn't reflect being worth that much, neither did altcoins.

Even if Bitcoin's own selling pressure is no longer an issue, the selling pressure coming from the altcoin market still is. Altcoins lack liquidity, so what happens is that altcoins get converted to BTC and then dumped for USD. It lowers Bitcoin's price even further, and thus altcoin prices as well since everything here is tied to BTC.

Considering that certain altcoins are still pretty expensive, we might be due for more dumps, but that's my personal view.

[Yaunfitda]

The prices of bitcoin and Altcoin are all declining, I am stressed thinking about the current price situation that is getting destroyed.

And I also think that the necessities of economic life are getting more expensive, what is needed is also the price of higher needs in the store.

What do you think about the current situation, will this be rare for the long term, the longer I feel stressed in these two needs.

You just make things complicated here. I'm suspecting that you're getting stress because

[1] - You invested a lot of your funds in crypto and since we are in a bear market, no profits are coming in

[2] - The cost of living in your country is going up every year and you are having a hard time coping with it since your investment is going down.

So I suggest to not overthink about it but continue to save for the future. Best of luck!!!

[figmentofmyass]

The hype is over. I think people don't understand that yet. Everything that happened last year wasn't normal, especially not what happened with all the ICO's. I was shocked every $1000 we increased last year, because Bitcoin itself didn't reflect being worth that much, neither did altcoins.

i don't think there's a "fair" valuation for bitcoin. what would it be based on? i figure it's worth whatever buyers and sellers say it is. i'm never surprised at the highs in this market because it's a low liquidity and highly speculative market, with strong fundamentals to boot. and because i've seen the gains from past cycles.

[Herucooles]

Maybe not you who experience this, many people out there are stressed and depressed looking at the market.
You don't have to invest all your money because the risk is huge in digital money. There must be reserves such as gold investment or savings.
Now is the time to go with family for recreation in the mountains. Refresh your mind and forget about your problem for a moment.

[zeingrind777]

If there are still many people who believe in bitcoin and crypto, the market is still engaged in crypto buying and selling, then it will not end. Although prices have decreased in the market, the buying and selling process is still ongoing. If the price of basic necessities is increasingly expensive. You have to be more hard and smarter at work. Don't depend on your prices on the crypto market.

[Indrawan77]

Yeah I understand your situation, nowadays people are making money from money, so we need to do extra hard work to make our lives become better, the declining price is not permanent there are still big hopes for crypto in the future and even in this declining market you still can make money from trading
The inflation rate is very high, so you need to find a good passive income, it can either from fiat and crypto investment, but I think crypto investment will give you better ROI

[BitHodler]

The inflation rate is very high, so you need to find a good passive income, it can either from fiat and crypto investment, but I think crypto investment will give you better ROI

I honestly haven't ever seen a legit crypto related investment allowing the average person here to generate passive income. All currently available options are either outright scams, or simply not viable.

Investments in crypto should always be seen as an active investment, even when it concerns trading bots. I see people hype up trading bots allowing them to earn like 1-5% per day guaranteed, but that's utter nonsense.

People should focus on other (non crypto) income streams, because the fear that's going through the market during corrections is a clear indication that people have put their everything into crypto.

Those who are calm and not bothered by the current bear market don't depend on crypto to do well. It makes you sleep a whole lot better knowing that whatever happens, you're still doing great and your wealth isn't in danger.

[Ranly123]

The prices of bitcoin and Altcoin are all declining, I am stressed thinking about the current price situation that is getting destroyed.

And I also think that the necessities of economic life are getting more expensive, what is needed is also the price of higher needs in the store.

What do you think about the current situation, will this be rare for the long term, the longer I feel stressed in these two needs.

If you started investing Bitcoin just the start of this year then you might as well be feeling some decline. But for some people out here who is almost a decade in doing such, still Bitcoin has a high prcie compared to previous years. So I don't think it has much effect on the economy due to it being a digital currency.

[wuvdoll]

The prices of bitcoin and Altcoin are all declining, I am stressed thinking about the current price situation that is getting destroyed.

And I also think that the necessities of economic life are getting more expensive, what is needed is also the price of higher needs in the store.

What do you think about the current situation, will this be rare for the long term, the longer I feel stressed in these two needs.

The trouble with economy right now can be understood much better if you read the story called "I want the earth plus 5% more" which goes into detail to tell how banks loan you 100 dollars and want 105 back whereas there is only 100 in the market which means if you can pay 105 back it means someone else can't and they will confiscate his/her items and sell to someone.

With that in mind those people keep failing paying for a long period of time and the rich will get richer and be able to pay whereas poor will get poorer and will have hard time paying while making things more expensive so they can try to at least cover some part of it or at least move to the rich side.

Hence, the world owes a lot of debt that can't be mathematically paid, there are more debts than there are money out there, if there is 100 dollars in the whole world and the combined debt of the world is 400 dollars, there is no money to be capable of paying all those debts. Its just a wrong system that will keep the prices higher and higher every single day in order to be able to pay.

[Kakmakr]

A lot of people are sharing your concerns and there are nothing wrong with that, because they want to see a quick return on their investment. Unfortunately Bitcoin is not a "Get rich quick" scheme, where you invest X amount of money today and then receive a guaranteed massive profits in the same month or year. 

Most of the people who made the biggest profits in Bitcoin, waited several years for it to blossom and to reach the ATH price in 2017. You should just calm down and stop watching the price on a daily basis. <This turns into a obsession and it leads to panic selling> 

[Mhd-Bobbi]

You are overthinking and just pressuring yourself, you're the one that gives yourself stress. The market is here to stay and it won't be 'destroyed' easily, this is ridiculous just you see it fall and crash you're having that opinion of destruction.

I imagine it because I have bought some of my favorite coins. I thought December was the end of the year that was fun for me, but the reality was not in line with my expectations.

That's normal, inflation isn't rare and we are just getting used to it. All things and expenses are getting expensive and I think you are applying this logic to bitcoin that the longer you'll get into it, prices are likely to increase if that is so that's I agree with that logic.

I thought this was not normal, because the market price declined, I did not find an idea to overcome this, and finally I had to work there, to fulfill all my needs, I also hoped that early next year there would be better improvements. . I also hope to pay off my debts that I have made for investment.

[Mhd-Bobbi]

Maybe not you who experience this, many people out there are stressed and depressed looking at the market.
You don't have to invest all your money because the risk is huge in digital money. There must be reserves such as gold investment or savings.
Now is the time to go with family for recreation in the mountains. Refresh your mind and forget about your problem for a moment.

  Not .....
I think this is not the time for recreation, I will be more depressed, because I have a lot of debt, I have made a lot of investments, maybe I will be more stressed because I think about my debt,
I have invested in some of my favorite coins, and I have saved some for my reserves, but I feel a little disappointed, because I have invested some of my money to buy my favorite coins, and now my money is a lot to buy coins, but market prices are not in accordance with my expectations, did you experience it?

[Fuhre]

Some people have been hit hard by the current market conditions, too confident at the end of the year with high hopes of making big profits in December, a saturated market for quite a long time and no clarity in terms of regulations that make some people doubt about it, many people withdraw funds to wait until they are finally free, but the extraordinary increase will definitely occur after the price reaches a better agreement than all investors to buy it at a cheaper price, don't be in a hurry and don't be depressed whatever happens it's too late to wait better than big losses and get nothing after an unexpected increase.

[dothebeats]

It is bound to happen; coins are overbought and there's literally no reason to push past $19000. Some time along the way, the price needs to correct, and that's what's happening now. It's stressful, yes, but only to those who bought in late to the party and whose incomes come from crypto gains. I'd say risk more, get your own real-world business and try to stay afloat. If not, learn a skill, get a job and be better at your craft.

The world doesn't end on crypto losing its price.

[cizatext]

The decrease in the general crypto market is as a result of it demand in the market, since cryptocurrency is operated base on the economic law of demands and supply. But from your analysis I sense frustration and it sims you are among those that bought bitcoin and other altcoins during the last year bull run season so I will advice you hold on and wait for a brighter day ahead.

[MFahad]

Maybe not you who experience this, many people out there are stressed and depressed looking at the market.
You don't have to invest all your money because the risk is huge in digital money. There must be reserves such as gold investment or savings.
Now is the time to go with family for recreation in the mountains. Refresh your mind and forget about your problem for a moment.

Lack of experience is making OP think in a negative manner. Things are not so good for now and there is no hope for bitcoin to grow anytime fast but then there is no point in looking at our portfolio again and again.
Sometimes a rest from all the work serves as a mind refreshing and who know things might be better in a month or so.

[HeRetiK]

I'm fairly confident that Bitcoin will recover. I wouldn't bet on this happening within the next 2-3 years though. So I'm justing hanging out at Bitcointalk waiting for it all to blow over. I'd advise you to do the same, unless you're in dire need.

[Renaldi blackspadeteam]

Yes, I also think like that, and my head is always dizzy when I think about it for the long term,

see the price of bitcoin and other crypto drops sharply, makes anxiety, depression, and fear,

I think the alternative is real work to save life's needs,
there is news that makes me a little calm is ETF, because the price of other Bitcoin and Crypto can go up,

keep working, don't give up and be grateful for what is now.
hope for the better