BitcoinYu (OP)
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November 22, 2019, 10:22:07 AM |
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The last week has been a little bloody... And yet, after all we've been through, I have grown numb to this feeling. Stress, sleepless nights, etc... these are all a thing of the past. In fact, I just had a delicious breakfast with my girlfriend. For those of you that are scared of the current situation, awaiting for a sell-off, its best to remember the long-term benefits that Bitcoin and crypto bring to the table. I recently wrote an article outlining the most important ones. Instead of getting sweaty palms thinking of the next 24-hours, use your time wiser and educate yourself by reading my post: https://paybis.com/blog/benefits-of-cryptocurrency/Hold onto your BTC, we are the future millionnaire generation.
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Astvile
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November 22, 2019, 10:24:38 AM |
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This is the reason why many newbies lose money and hope on bitcoin. They are aware that bitcoin is indeed very versatile but everytime versatility attacks they panic and sell fast without thinking of what good thing is awaiting them in the long term run of bitcoin. Weak hands = bankcrupt.
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coinycoiny
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November 22, 2019, 10:27:01 AM |
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Next bottom has to be below $3k, that's what you need to remember.
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DabsPoorVersion
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November 22, 2019, 10:43:34 AM |
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Next bottom has to be below $3k, that's what you need to remember.
I don't think that the next bottom will be below $3k. It's possible for its price to drop below $7k up to $6k. It will take more than enough circumstances like if a certain country release some news contradicts the greatness of usage of bitcoin then its price will really fall.
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bounceback
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November 22, 2019, 11:13:25 AM |
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Next bottom has to be below $3k, that's what you need to remember.
lol .. it looks like you're frustrated with the current bloody market situation, and this is very unlikely if you say bitcoin will go down with prices below 3k in my opinion now bitcoin will only go down to touch 6k or mid 5k more than that i'm not too sure. and for me now the only way is to hold my bitcoin for a while until the market returns to normal.
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Baby Dragon
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November 22, 2019, 11:21:54 AM |
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This is the reason why many newbies lose money and hope on bitcoin. They are aware that bitcoin is indeed very versatile but everytime versatility attacks they panic and sell fast without thinking of what good thing is awaiting them in the long term run of bitcoin. Weak hands = bankcrupt.
What can we expect? they are lack of knowledge and they still need some guidance particularly on making decision whether to sell or hold their bitcoins, we've been there too and it's the worst knowing that you just lose the opportunity on earning a bigger profit. They just make some decision without even thinking about the possible result of it and that is the reason why they are always ended up feeling remorse about their actions and decisions. We have to realized that sometimes it is not only about the knowledge to be successful, you also need to be patient in order to achieve your goals because you can't expect that everything will be on your side.
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teosanru
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November 22, 2019, 11:28:39 AM |
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The last week has been a little bloody... And yet, after all we've been through, I have grown numb to this feeling. Stress, sleepless nights, etc... these are all a thing of the past. In fact, I just had a delicious breakfast with my girlfriend. For those of you that are scared of the current situation, awaiting for a sell-off, its best to remember the long-term benefits that Bitcoin and crypto bring to the table. I recently wrote an article outlining the most important ones. Instead of getting sweaty palms thinking of the next 24-hours, use your time wiser and educate yourself by reading my post: https://paybis.com/blog/benefits-of-cryptocurrency/Hold onto your BTC, we are the future millionnaire generation. This is usually a routine phenomena of Bitcoin Market. Everytime BTC goes down people get worried about their life savings invested in this currency while everytime it goes up people start to think that this is start of another bull run. I think as of now we should be confident enough with potential of bitcoin many times it has risen back from rock bottom to shine again. Last time we saw btc going to 3500 and then coming all the way up to 10k. I think most of the times we lose money when we try to sell when price is falling and buy it on later because it's pretty hard to predict the market with bare eyes like this unless you are a good trader.
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Asmonist
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November 22, 2019, 11:35:07 AM |
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Its somehow a mind-setting that bitcoin is a long term investment. If you are trading or buying bitcoin it is best to buy it on its downfall. Every downfall is an opportunity to buy. And the waiting to sell is unpredictable that's why its a long term investment. There are ways to earn bitcoin while waiting for the right price ot during downfall. So might as well grab every opportunity to earn it.
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bitcampaign
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November 22, 2019, 12:04:54 PM |
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The last week has been a little bloody... And yet, after all we've been through, I have grown numb to this feeling. Stress, sleepless nights, etc... these are all a thing of the past. In fact, I just had a delicious breakfast with my girlfriend. For those of you that are scared of the current situation, awaiting for a sell-off, its best to remember the long-term benefits that Bitcoin and crypto bring to the table. I recently wrote an article outlining the most important ones. Instead of getting sweaty palms thinking of the next 24-hours, use your time wiser and educate yourself by reading my post: https://paybis.com/blog/benefits-of-cryptocurrency/Hold onto your BTC, we are the future millionnaire generation. no need to overdo this situation to see the market is bleeding now, close your laptop and go out with your girlfriend be sure not to see the market is bleeding, remember the end of the previous year 2018 bitcoin is also down as well as the end of this year, we must realize the market is not forever keep going up, we need to bleed and price correction
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Furious 7
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November 22, 2019, 12:13:58 PM |
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In less than 24 hours bitcoin has decreased by $ 1,000 in this situation, we must be swift in choosing coins or at least it is safe your assets on stable coins or your real money. Honestly, traders see that a red market like this will leave and go with their entertainment so they don't get emotional when trading.
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Genemind
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November 22, 2019, 12:17:03 PM |
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Stressing out ourselves during this market situation could just ruin our trading journey. If we are losing our hopes for it, we have to look back at the history chart of our holdings and see how it has gone so far. Cryptocurrency is volatile so we have to deal with the changes that we might encounter here. Instead of worrying, let's just have more patience and just wait for the best time to trade.
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rajsimran
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November 22, 2019, 12:17:13 PM Last edit: November 22, 2019, 12:45:27 PM by rajsimran |
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Next bottom has to be below $3k, that's what you need to remember.
Oh...thanks...but after 3k what will be the price of bitcoin 10k$ or 100K$. Or you think it will be 0$ in 2020? Would you please tell me? I want to hear from you.because you are the right person.lol Maybe he trying to create panic with this post.but you don't know the btc user.no one will believe you.
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MURONDI
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November 22, 2019, 12:39:46 PM |
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I don't really care about the price of bitcoin, I am used to experiencing times like this where the price of bitcoin drops continuously, I'm well aware of the risks of investing in crypto, and I don't consider trading as my main occupation.
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daarul50
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November 22, 2019, 12:40:29 PM |
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The last week has been a little bloody... And yet, after all we've been through, I have grown numb to this feeling. Stress, sleepless nights, etc... these are all a thing of the past. In fact, I just had a delicious breakfast with my girlfriend. For those of you that are scared of the current situation, awaiting for a sell-off, its best to remember the long-term benefits that Bitcoin and crypto bring to the table. I recently wrote an article outlining the most important ones. Instead of getting sweaty palms thinking of the next 24-hours, use your time wiser and educate yourself by reading my post: https://paybis.com/blog/benefits-of-cryptocurrency/Hold onto your BTC, we are the future millionnaire generation. This is usually a routine phenomena of Bitcoin Market. Everytime BTC goes down people get worried about their life savings invested in this currency while everytime it goes up people start to think that this is start of another bull run. I think as of now we should be confident enough with potential of bitcoin many times it has risen back from rock bottom to shine again. Last time we saw btc going to 3500 and then coming all the way up to 10k. I think most of the times we lose money when we try to sell when price is falling and buy it on later because it's pretty hard to predict the market with bare eyes like this unless you are a good trader. that is true , keep in mind that bitcoin and any other cryptocurrency is a high risk investment. if you can not afford to lose , you are not belong here. put the money that you can really forget in case something bad happened , a situation like this for instance , people have to get used to this crypto currency market where the volatile is always high. don't blame anything but look at yourself , you are not ready when you are now crying over the bloody market crash . be cool and think with a clear mind how you can take an advantage out of this. last month people are so overconfident and now all of them suddenly talking about the next bottom , the dip , the crash etc. what an immature community haha
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poptok1
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November 22, 2019, 12:56:17 PM |
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last month people are so overconfident and now all of them suddenly talking about the next bottom , the dip , the crash etc. what an immature community haha
That's harmful generalisation, I see quite significant amount of reasonable people here. Of course those who are not, are shouting the loudest, maybe this is why you have this impression? Silent majority is still doing the usual, following their own goals and business, no panic, no desperation and some even take enormous pleasure from just standing aside and looking how others rage... ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) One of the finest community have risen here, but that's just my opinion. Look around you, places like this are basically gone due to facebook etc. At least consider having a bit better opinion about it, it could be a whole lot worse.
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LUCKMCFLY
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November 22, 2019, 12:59:18 PM |
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The blog speaks in a very general sense, the specific article is almost like a knowledge guide, but at the level of market and investment speculation the reality is very different.
In market speculation, the market when it falls is ideal to buy, because it is in a phase of beginning of bullish trend, in general it is what can be read from the graph according to Wyckoff, now represents a unique opportunity. In investment this is a very good opportunity, because if you buy a lot of Bitcoins, what would remain would be to wait for a not-so-long period of time, specifically around 1 year the bitcoin can reach a good price, even after spending its last ATH it can generate profits juicy
I think that right now, the market should be seen as a great business opportunity and take advantage of trading in general.
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alyssa85
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November 22, 2019, 12:59:51 PM |
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In less than 24 hours bitcoin has decreased by $ 1,000 in this situation, we must be swift in choosing coins or at least it is safe your assets on stable coins or your real money. Honestly, traders see that a red market like this will leave and go with their entertainment so they don't get emotional when trading.
I keep seeing people pushing stable coins. There is absolutely no point to holding stable coins. If you want dollars, HOLD DOLLARS, not some pretendy stable coin that claims it is linked to dollars. If you want cryptocurrency, hold bitcoin or other cryptocurrencies.
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ChrisPop
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November 22, 2019, 01:07:20 PM |
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Unfortunately emotions are one of the hardest things that a human can master. Many of traders know technical analysis & maybe know risk management, but very few of them can actually make the link between the two and become successful and consistent traders. Don't forget that the volatility spikes are normal for the crypto market and you should expect these rather violent drops or surges quite often.
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Eugenar
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November 22, 2019, 01:15:11 PM |
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I'd rather choose to panic sell, though I couldn't consider it as panic at all, I hodle my crypto especially bitcoin for a long time, and I see it is the right time to sell now, many say "buy low sell high", and applying that principle will not make me regret my decision. Though I am quite sad thinking of hodling bitcoin, I reflect and think deeply about waiting for the dip and buying again. In the future, I can say, I utilize the best decision in the market rather than sticking and believing in hodling without doing anything about the situation.
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Amel
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November 22, 2019, 01:16:11 PM |
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Its somehow a mind-setting that bitcoin is a long term investment. If you are trading or buying bitcoin it is best to buy it on its downfall. Every downfall is an opportunity to buy. And the waiting to sell is unpredictable that's why its a long term investment. There are ways to earn bitcoin while waiting for the right price ot during downfall. So might as well grab every opportunity to earn it.
But people's thoughts are always the opposite, and so am I, when BTC experiences a dump like now it will all be carried away by fomo to participate in selling for fear. I think it is natural to avoid more losses, but they also experience confusion about how long they hold back their fiat to buy again, sometimes they are late and return losses.
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