What the Effing Hell is Going On!?!?!

[Pipdips]

It's down to $10,900.  It was at $13,600 yesterday. What the hell is going on !?!?

Like a fool I bought some at $13,600. Regrets?

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[The Sceptical Chymist]

Dude, buying anything when it's right at the top is a rookie mistake.  My advice to you is to control your emotions, which in this case was probably fear--of missing out, and probably a little bit of euphoria that the price had risen so high.

IMO, bitcoin at $13k right now is scary.  It should not be that high given that it was only at $3500 recently.  When you get a price rise like this, watch out.  I would recommend never buying at such a time but rather wait until there's a dip or a correction.  In this case, we did get a dip. 

Don't feel badly that you did what you did, but learn from it so you don't make the same mistake next time.  No trader does everything perfectly, and you're not the only one who's done this.

[Wilhelm]

Chill the F out. Bitcoin can go both ways fast. If you missed that point then your TA sticks balls.
Bitcoin is no sure shot. Emotions will get you bankrupted.
Just HODL and you will be talking about how well you invested in a month.

[Wilhelm]

Or pussy out at a loss 

[LFC_Bitcoin]

It's down to $10,900.  It was at $13,600 yesterday. What the hell is going on !?!?

Like a fool I bought some at $13,600. Regrets?

No, HODL until 12-18 months after the halving & you’ll be laughing. Bitcoin is a long term investment. I started buying in 2014 & I was in big losses until the tide turned. You might have to wait but bitcoin always goes up. Just be patient & trust in the process.

[Pipdips]

Chill the F out. Bitcoin can go both ways fast. If you missed that point then your TA sticks balls.
Bitcoin is no sure shot. Emotions will get you bankrupted.
Just HODL and you will be talking about how well you invested in a month.

I bought more at 3500, 4500, 5500, 8500, 9100, and 13600....

[Pipdips]

Or pussy out at a loss 

The flesh eating monsters are eating me up inside.

[Wilhelm]

Chill the F out. Bitcoin can go both ways fast. If you missed that point then your TA sticks balls.
Bitcoin is no sure shot. Emotions will get you bankrupted.
Just HODL and you will be talking about how well you invested in a month.

I bought more at 3500, 4500, 5500, 8500, 9100, and 13600....

So you have one less optimal trade... Boo hoo 😎
Take it like a man and wait for the profit to come.

[tomahawk9]

It's down to $10,900.  It was at $13,600 yesterday. What the hell is going on !?!?

When prices go up that fast, a drop/correction is bound to happen, such drop should give you a nice window to buy cheap before the uptrend continues.

Like a fool I bought some at $13,600. Regrets?

Classic example of FOMO buying. That usually happens to newcomers who don't do their homework, you should've known that: 1) BTC is extremely volatile, one day it can go up 20%, next day it can go down 20% or even lower, 2) You just don't buy Bitcoin when is having a massive spike in the price, that's basic stuff, if you end up buying, you risk getting burned (if you're expecting short-term profits, of course).

Now that you know how the market works, all you gotta do is hodl (or buy more if we so sub 10k), don't be one of those weak hands panic sellers who dump their coin when red numbers start showing up on the charts.

[realsteelboy]

Pretty standard correction on a daily rocket ride.

10% up on the week. 

[Febo]

It's down to $10,900.  It was at $13,600 yesterday. What the hell is going on !?!?

Like a fool I bought some at $13,600. Regrets?

Just hold. When bitcoin will be $100k you will fell like it was a good buy.

What is going on? Is market manipulation. In 2 days price went 25% up and now in on day 25 down. If you bought at 13k and sell now you will just give this people that manipulated market profit. So dont do it.  But dont worry others will.

[Pipdips]

Classic example of FOMO buying. That usually happens to newcomers who don't do their homework, you should've known that: 1) BTC is extremely volatile, one day it can go up 20%, next day it can go down 20% or even lower, 2) You just don't buy Bitcoin when is having a massive spike in the price, that's basic stuff, if you end up buying, you risk getting burned (if you're expecting short-term profits, of course).

Now that you know how the market works, all you gotta do is hodl (or buy more if we so sub 10k), don't be one of those weak hands panic sellers who dump their coin when red numbers start showing up on the charts.

I made an error buying at 13,600 but oh well. The first thing I read in the morning was the Coinbase news, then I saw the price dropped. I bought my coin at Coinbase yesterday at 13,600. Regardless of any of that I am not one to hold on after a parabolic is over and down trending, I would rather sell and wait. I think the parabolic is over with.

[Pipdips]

It's down to $10,900.  It was at $13,600 yesterday. What the hell is going on !?!?

Like a fool I bought some at $13,600. Regrets?

Just hold. When bitcoin will be $100k you will fell like it was a good buy.

What is going on? Is market manipulation. In 2 days price went 25% up and now in on day 25 down. If you bought at 13k and sell now you will just give this people that manipulated market profit. So dont do it.  But dont worry others will.

Okay okay okay... I am logging off. I need to chill and take your advice's.

[Wilhelm]

It's down to $10,900.  It was at $13,600 yesterday. What the hell is going on !?!?

Like a fool I bought some at $13,600. Regrets?

Just hold. When bitcoin will be $100k you will fell like it was a good buy.

What is going on? Is market manipulation. In 2 days price went 25% up and now in on day 25 down. If you bought at 13k and sell now you will just give this people that manipulated market profit. So dont do it.  But dont worry others will.

Okay okay okay... I am logging off. I need to chill and take your advice's.

👍🏻

[o_e_l_e_o]

What the hell is going on !?!?

Bitcoin goes up. Bitcoin does down. Can't explain that.

Seriously though, this is normal for bitcoin. The run up last time wasn't smooth sailing either. We hit $11.5k, then dropped back to $9k. Then we hit $18k, then dropped back to $13k.

The price essentially doubled in a month. As recently as April we were still at $4k. If you expected this run to continue uninterrupted to $20k, $50k, $100k, whatever, then you haven't been paying attention. I'm pretty glad we have pulled back now, actually. The run up was too much too fast - we were always going to see a correction, and if it hadn't come now, it would have been far larger when it came later, and many more people would have been burned. I hope we stabilize around $10-11k and sit there for a month or more.

My advice is always this: If you believe in the tech and the future of bitcoin, and are not actively trying to trade (i.e. you are holding for the long term) then short term daily to weekly price fluctuations don't matter. The price trend over months to years is what matters for you. Since the daily trends don't matter, stop paying attention to them and stressing yourself out unnecessarily.

[Kemarit]

It's down to $10,900.  It was at $13,600 yesterday. What the hell is going on !?!?

Like a fool I bought some at $13,600. Regrets?

This is what you call a correction, it is inevitable, we just have a mini-bubble forming already and it has been burst. Many analysis has been calling $13500 the top before facing another massive drop, so this is it. I'm sorry to hear that you FOMO and entered at the top, but you can't do anything, unless you are willing to sell, exit and willing to suffer a loss. So If I'm in your shoes, I won't panic though, let the market goes into a correction and wait till everything settles down.

[South Park]

Chill the F out. Bitcoin can go both ways fast. If you missed that point then your TA sticks balls.
Bitcoin is no sure shot. Emotions will get you bankrupted.
Just HODL and you will be talking about how well you invested in a month.

I bought more at 3500, 4500, 5500, 8500, 9100, and 13600....

Most traders during their careers have made the mistake of buying at the top, depending on how much you bought when the price was low the average price of your coins should still be way below 10k so you are still in profits despite the huge movement down we are experiencing, as some other users have recommended you this is the moment to remain calm and follow your strategy, since you bought at different moments during this growth I suppose you also have an exit strategy, if your strategy tells you to hold then do it even if it is painful to see some of your profits evaporate, in a few years those losses will be nothing compared to the profits you will get.

[STT]

No, HODL until 12-18 months after the halving & you’ll be laughing. Bitcoin is a long term investment. I started buying in 2014 & I was in big losses until the tide turned. You might have to wait but bitcoin always goes up. Just be patient & trust in the process.

This is good advice, worth taking a look at how the guys who've been around five years are gauging this move.   Going back to the full circle dips and peaks, what they say or do will vary from experience.

Its actually good for the price to pull back and establish properly after a peak like we've had.    Volaility is apparent when price is moving in only one direction, people are happy while it lasts but its negative not to allow new entrants into the market at some lower pricing.
Its very possible the real run is going to centre around halvening.   The point I would add in at that time frame is that I really think the halvening has most effect after, the price rising beforehand is nice for some but its speculation; where as Iam really bullish on BTC fundamentals that favour higher price

[1Referee]

It shouldn't come as a surprise that when the price rockets up with 20% in one single day, which is a shitcoin level pump, that it tanks with the same or even higher percentage.

The block halving is like 11 months away from here so just keep holding your coins and use the lower price (if you have fiat left) to scoop up some more coins to lower your overall buying price. I am strongly of believe that this is a healthy correction and we're going to break through the resistance around $14,000 and shoot well past it.

[fudster]

Not watching the charts? The spike of BTC is just unbelievable, you gotta see that coming.

No, HODL until 12-18 months after the halving & you’ll be laughing. Bitcoin is a long term investment. I started buying in 2014 & I was in big losses until the tide turned. You might have to wait but bitcoin always goes up. Just be patient & trust in the process.

This is good advice, worth taking a look at what the guys who've been around five years.   Going back to the full circle dips and peaks, what they say or do will vary from experience.

Its actually good for the price to pull back and establish properly after a peak like we've had.    Volaility is apparent when price is moving in only one direction, people are happy while it lasts but its negative not to allow new entrants into the market at some lower pricing.
Its very possible the real run is going to centre around halvening.   The point I would add in at that time frame is that I really think the halvening has most effect after, the price rising beforehand is nice for some but its speculation; where as Iam really bullish on BTC fundamentals that favour higher price

That would be too much of a wait. It probably won't take that long to break the resistance at $14k.  Breakout can happen in maybe 2-3 months. If you are a long term holder, price should be worth if you wait up to 12-18 months. For you to not commit same mistake, you limit the amount of money to put in the exchange $2000 is just about right so you won't regret when this happen. But buying while at the ATH is just not a good idea.