Calm down.

[leowonderful]

Dips like the one we seem to be coming out of have happened during every bull market Bitcoin's been in, and they'll likely continue to happen to shake people out of the markets before a bigger run up happens, especially now that leveraged trading is as common as it is now. Times like these are also great times to buy in at a temporary discount, which is why I always keep a bit of fiat money on the sidelines ready to buy in. If you're thinking for the long term, this isn't much of a concern at all and you have other things to worry about.

[btc_angela]

Dips like the one we seem to be coming out of have happened during every bull market Bitcoin's been in, and they'll likely continue to happen to shake people out of the markets before a bigger run up happens, especially now that leveraged trading is as common as it is now. Times like these are also great times to buy in at a temporary discount, which is why I always keep a bit of fiat money on the sidelines ready to buy in. If you're thinking for the long term, this isn't much of a concern at all and you have other things to worry about.

Agree, even at a very bullish market, dips will likely to occur and bitcoin market is no exception here. The good thing is that it's either we panic and look for the long haul. So for smart investors, they don't panic when there is blood in the street, but rather buy because the price is at a discount again. bitcoin investment is a journey, hence people are calling HODL strategy.

[Jating]

Dips like the one we seem to be coming out of have happened during every bull market Bitcoin's been in, and they'll likely continue to happen to shake people out of the markets before a bigger run up happens, especially now that leveraged trading is as common as it is now. Times like these are also great times to buy in at a temporary discount, which is why I always keep a bit of fiat money on the sidelines ready to buy in. If you're thinking for the long term, this isn't much of a concern at all and you have other things to worry about.

Agree, even at a very bullish market, dips will likely to occur and bitcoin market is no exception here. The good thing is that it's either we panic and look for the long haul. So for smart investors, they don't panic when there is blood in the street, but rather buy because the price is at a discount again. bitcoin investment is a journey, hence people are calling HODL strategy.

Smart investors knows a thing or two in this market.  I meant they didn't better smart over night. Maybe thru their journey, they also experienced this panic mode, and sold as well. But as they grow, they have been educated that emotional trading will cost you money in the end.

So the HODL strategy don't come without a price. Most of the time you need to suffer a lost before you truly understand what HODL mean.

[Wind_FURY]

A tweet from Pantera Capital.

To the deniers of a 6 digit Bitcoin, I will steal this quote, "If you don't believe it, or don't get it, I don't have time to try to convince you, sorry."

Stay calm. Buy the dip, and HODL.

https://twitter.com/panteracapital/status/1154074046692286475

We initially published this forecast in January ($3,700/BTC) using pricing data from Dec '10 thru Dec '18. During that time, bitcoin grew at a 235% CAGR.  

If #bitcoin reverts to its long-term trend by end of:

2019 :: $42k
2020 :: $122k
2021 :: $356k

[Siren]

I love this post and it was clearly explained how cryptonians should stay calm and never panicked even how hard the market moves down

In many occasion we have seen many of this but yet we manage to come back and made a good bounce back.the chart is very clear on how the flows of prices for years and the outcome always in positive traits

Thanks for this post OP and looking for many like this in future specially when the bad new always brought here to make Fud

[deisik]

About some individuals, these people are only looking on a single and not on a whole forest. They worried too much about how the price decrease without realizing how much it grows prior to price dip

This is definitely not about "some individuals"

As it is more about all of us because this is how human mind and brain work in general. Our expectations of the future events (in this case, Bitcoin's price) are intuitively based on, and subliminally affected by, the most recent happenings. So even if we know for certain that the last price decrease is only a minor correction, we still feel worried or even terrorized by this drop

It has more weight for our internal decision-making machinery simply because it is closer to us and thus influences us stronger. In other words, recent events have more weight than remote ones even though the former are temporary while the latter are here to stay (and despite the fact we may actually know that)

[Oilacris]

Dips like the one we seem to be coming out of have happened during every bull market Bitcoin's been in, and they'll likely continue to happen to shake people out of the markets before a bigger run up happens, especially now that leveraged trading is as common as it is now. Times like these are also great times to buy in at a temporary discount, which is why I always keep a bit of fiat money on the sidelines ready to buy in. If you're thinking for the long term, this isn't much of a concern at all and you have other things to worry about.

Agree, even at a very bullish market, dips will likely to occur and bitcoin market is no exception here. The good thing is that it's either we panic and look for the long haul. So for smart investors, they don't panic when there is blood in the street, but rather buy because the price is at a discount again. bitcoin investment is a journey, hence people are calling HODL strategy.

Those who are short term or day traders are the ones who suffer the most from these sudden big dumps. For midterm to longterm traders, these small sudden dumps have not much value as they have the power to hold their coins for a longer time.

Short term traders will really be the one mainly affected because profitability and loss does matter even on the slightest movement or swing on prices.

But eventually where they are more riskier than holders but when it comes to profits they are the ones who do have much better chance to make money on shorter terms.

Calming down on dumping prices? Easy to say but when you are on the situation it wont really be that simple.

[omonuyak]

About some individuals, these people are only looking on a single and not on a whole forest. They worried too much about how the price decrease without realizing how much it grows prior to price dip

This is definitely not about "some individuals"

As it is more about all of us because this is how human mind and brain work in general. Our expectations of the future events (in this case, Bitcoin's price) are intuitively based on, and subliminally affected by, the most recent happenings. So even if we know for certain that the last price decrease is only a minor correction, we still feel worried or even terrorized by this drop

It has more weight for our internal decision-making machinery simply because it is closer to us and thus influences us stronger. In other words, recent events have more weight than remote ones even though the former are temporary while the latter are here to stay (and despite the fact we may actually know that)

Bitcoin has retreated about 33% from this 2019 bullish momentum and it is currently trying to find bottom below 50ma. It will take high volume for bitcoin to cross $10,000 before Wednesday and we are expect this to happen. Bitcoin will definitely going to cross $20,000 before end of the year or first week of next year as we move close to the halving date.

[STT]

I'm not as certain of it going upto a new high this year, the price tends to swing overly in one direction or the other and we have already over reached to the last high.   The high seen was past the regular trend and its the regular gain I measure as being the top not the spike that was registered as the very highest pricing.   
   The reason to take a regular high over a sharp peak would be volume I think, far more people will have traded the 10 to 11k area then the very highest pricing which becomes inaccurate just like the very lowest pricing also tends to be a spike.

11,111 on 20th July was the last attempt to keep a positive trend and its fallen to 9450 now which is a fall of about 15%   a calm decline by Bitcoin standards

[Kasabus]

The market is still healthy as it looks even the price is still at a low. The market resistance isn't that strong to make it more pumps than of sloping price trend. Though it looks like that and it is not a reason why we have to lose of hope instead of being motivated enough and stay positive.

It is something could surprise us in the next quarter (as I think). What it did last BER season will probably be seeing it again.

[deisik]

Short term traders will really be the one mainly affected because profitability and loss does matter even on the slightest movement or swing on prices.

But eventually where they are more riskier than holders but when it comes to profits they are the ones who do have much better chance to make money on shorter terms.

Calming down on dumping prices? Easy to say but when you are on the situation it wont really be that simple

It really depends which side of the trade you are on

If you are massively shorting, then falling prices will be a godsend for you. But that's the whole approach to short-term trading as you ride the wave irrespective of its direction, either on the way up or on the way down. So it is not like short-term traders specifically who should be complaining as all they need to make profits is nice price swings and solid volatility (pardon the oxymoron). And we have had enough of those recently to make short-term traders happy. It is a flat market which makes them anxious and nervous, embarrassed and frustrated

[South Park]

About some individuals, these people are only looking on a single and not on a whole forest. They worried too much about how the price decrease without realizing how much it grows prior to price dip

This is definitely not about "some individuals"

As it is more about all of us because this is how human mind and brain work in general. Our expectations of the future events (in this case, Bitcoin's price) are intuitively based on, and subliminally affected by, the most recent happenings. So even if we know for certain that the last price decrease is only a minor correction, we still feel worried or even terrorized by this drop

It has more weight for our internal decision-making machinery simply because it is closer to us and thus influences us stronger. In other words, recent events have more weight than remote ones even though the former are temporary while the latter are here to stay (and despite the fact we may actually know that)

That is called the recency bias and for a trader it is one of the worse biases we may have, one perfect example was the bubble of 2017, when the price reached the top and began to go down many traders instead of taking their profits thought the price will continue to climb and they began to buy even more coins, then when it finally became clear we were in a downtrend instead of selling they held because the previous high price was still too fresh in their minds and we know the horrible losses they suffered as a result of that bias.

[Distinctin]

It is something could surprise us in the next quarter (as I think). What it did last BER season will probably be seeing it again.

That would be nice if that will happen, and that means it will start next month.
Crypto world is really unpredictable, the price volatility would make some people crazy if they don't know how to manage their emotion.

Anyway, I'm still hopeful the rally will start soon, not only for bitcoin but on altcoins as well.

[michellee]

Calm down will be a solution for us to wait for the market to rise again and gladly, right now, we see the bitcoin market is increasing. We already break $10k although right now, the price back to the lower price but I am sure that soon, the price will break more than $10k. We can be ready for the coming, and we can prepare to sell bitcoin at a higher price again. But be careful, we still need to prevent from the down of the price that could happen in anytime.

[deisik]

About some individuals, these people are only looking on a single and not on a whole forest. They worried too much about how the price decrease without realizing how much it grows prior to price dip

This is definitely not about "some individuals"

As it is more about all of us because this is how human mind and brain work in general. Our expectations of the future events (in this case, Bitcoin's price) are intuitively based on, and subliminally affected by, the most recent happenings. So even if we know for certain that the last price decrease is only a minor correction, we still feel worried or even terrorized by this drop

It has more weight for our internal decision-making machinery simply because it is closer to us and thus influences us stronger. In other words, recent events have more weight than remote ones even though the former are temporary while the latter are here to stay (and despite the fact we may actually know that)

That is called the recency bias and for a trader it is one of the worse biases we may have, one perfect example was the bubble of 2017, when the price reached the top and began to go down many traders instead of taking their profits thought the price will continue to climb and they began to buy even more coins, then when it finally became clear we were in a downtrend instead of selling they held because the previous high price was still too fresh in their minds and we know the horrible losses they suffered as a result of that bias

Trading is essentially a form of reality check for us all

We may form some ideas about future price action (mostly delusions even if correct) based on our prior beliefs which essentially have nothing to do with market and its laws. And what adds insult to injury here is that we actually feel being right about our decisions even if they were proven wrong time and again in the past. We just can't first understand and then internalize (i.e. make it an integral part of our belief system) this sad discrepancy because it is so strikingly against everything we have been internally hard-wired for and equipped with by Mother Nature

[STT]

Market seems very calm to me by its ordinary standards.  I've kept a window open for alot of today and its barely done anything except slowly sideways up a wall inch by inch rising from 10k seemingly it wants to get 11k or some unknown target.  
So long as its above 10,050 I'm hesitant to call it negative at all for the short term.   Medium term Ive been expecting more selling but perhaps nobody wants to sell, hard to believe thats the case.   Its definitely not in a trend upwards any longer as previously true this year.



Heres its likely book end for this move, a point of previous turns back and forth and now its underneath so its a top.   

[Oilacris]

Short term traders will really be the one mainly affected because profitability and loss does matter even on the slightest movement or swing on prices.

But eventually where they are more riskier than holders but when it comes to profits they are the ones who do have much better chance to make money on shorter terms.

Calming down on dumping prices? Easy to say but when you are on the situation it wont really be that simple

It really depends which side of the trade you are on

If you are massively shorting, then falling prices will be a godsend for you. But that's the whole approach to short-term trading as you ride the wave irrespective of its direction, either on the way up or on the way down. So it is not like short-term traders specifically who should be complaining as all they need to make profits is nice price swings and solid volatility (pardon the oxymoron). And we have had enough of those recently to make short-term traders happy. It is a flat market which makes them anxious and nervous, embarrassed and frustrated

I agree into the thing you had said this do also matter on what trading we are taking into yet we know that there were shorters specially on margine ones.
If the market tends to go to the floor they do make out money and for those who do hold,it can really give out that kind of anxiety feeling but we wouldn't actually lose
something if we do just simply hold on with our positions.

[Thanasis]

Calm down will be a solution for us to wait for the market to rise again and gladly, right now, we see the bitcoin market is increasing. We already break $10k although right now, the price back to the lower price but I am sure that soon, the price will break more than $10k. We can be ready for the coming, and we can prepare to sell bitcoin at a higher price again. But be careful, we still need to prevent from the down of the price that could happen in anytime.

If we need to prevent the prices from falling then we need to hold them,selling at higher price will let the bitcoin to be down and the recovery needs to happen then it what it will lead to if that process keep repeating.

[lixer]

Calm down will be a solution for us to wait for the market to rise again and gladly, right now, we see the bitcoin market is increasing. We already break $10k although right now, the price back to the lower price but I am sure that soon, the price will break more than $10k. We can be ready for the coming, and we can prepare to sell bitcoin at a higher price again. But be careful, we still need to prevent from the down of the price that could happen in anytime.

If we need to prevent the prices from falling then we need to hold them,selling at higher price will let the bitcoin to be down and the recovery needs to happen then it what it will lead to if that process keep repeating.

Well, it is impossible to ever make people keep holding their coin, and holding it is not the main answer to bitcoin witnessing a very high value, bitcoin was never even meant to be just held in the wallet, it was because we started using it as investment alone that we always advise people to hold it in wallet.

If everyone really take bitcoin for what it was created for, naturally, people will hold it in wallet and at the same time still use it to carry out their transactions such as payment of services, salaries, and many more things that bitcoin payment may be useful for. What we need now is not just to campaign on making people hold BTC, but to campaign on enforcing people to recognize it as a payment utility for their businesses and financial transactions.

[South Park]

That is called the recency bias and for a trader it is one of the worse biases we may have, one perfect example was the bubble of 2017, when the price reached the top and began to go down many traders instead of taking their profits thought the price will continue to climb and they began to buy even more coins, then when it finally became clear we were in a downtrend instead of selling they held because the previous high price was still too fresh in their minds and we know the horrible losses they suffered as a result of that bias

Trading is essentially a form of reality check for us all

We may form some ideas about future price action (mostly delusions even if correct) based on our prior beliefs which essentially have nothing to do with market and its laws. And what adds insult to injury here is that we actually feel being right about our decisions even if they were proven wrong time and again in the past. We just can't first understand and then internalize (i.e. make it an integral part of our belief system) this sad discrepancy because it is so strikingly against everything we have been internally hard-wired for and equipped with by Mother Nature

As I have gained more experience as a trader the more I understand that the biggest challenge is not to create a profitable system but my own psychology, those biases are there for a reason since they help us in other circumstances, for example if I were lost in the wilderness and suddenly a lion appeared then it will make sense to put all my attention to the lion, if I were to wonder about all of those instances in which I did not encounter a lion then it will be over, however the zero sum nature of the markets establish that the majority of the traders must lose and since they use those biases when they are trading then that means the traders that want to be successful need to go against their most basic tendencies and that is hard to do.