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Author Topic: Types of People on this Corona Virus crisis which group you belong?  (Read 480 times)
jossiel
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March 14, 2020, 11:05:58 PM
 #21

Brave hodlers
These peoples are the one still believe with the potential of cryptocurrency even the market now is dripping with blood. Ignoring the volatility and still relaxing while others are in state of confusion.
I'm part of this gang, I'm still HODLING and keeping the faith until it goes back on track again. The drop isn't enough for me to stop believing on this market and bitcoin has been there for a decade and giving up isn't an option.

Let the panic sellers do their job, I'm done with panicking few years ago and I have regretted that decision. Good thing is I'm done with that and learned the lesson way back then.

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March 15, 2020, 11:48:24 AM
 #22

Brave hodlers

Bottom seeker/ Wise shoppers

Instant Analysts during bloody market

Satoshi Followers



I dont have much money on my wallet but i do belong to these groups.  Grin

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March 15, 2020, 09:58:43 PM
 #23

i dont know where i belong but i cant see my own category on the list .  im just a normal seller  . i sell btc as far as i can because i need often the cash because i have a debt to pay and a hungy family to feed  .

 i can only rarely hodl for a long time but i still end up selling what i have because im not selfish  .   i dont know if im fit on the panic selling category because i sometimes experience a panic attack  , and i sell because i feel the price will drop but sometimes i prefer to wait for a while before selling .
From my own part, i dont you fall into any of the categories listed by the OP because you sold you coins due to something very important to you which also seem to be your number priority but you also need to put things into calculation by atleast keeping some portion for future purpose because there might be not other chance to buy coins like this current price range.

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March 18, 2020, 05:20:38 PM
 #24

I constantly adhered to the strategy thanks to which I invested a certain part of my monthly Bitcoin income and Ethereum on a monthly basis.  This month is no exception for me either, but taking into account the current cryptocurrency price indicators, I have increased the amount of capital that I can allocate for investing in cryptocurrency this month.  In addition, I believe that the upcoming halving in any case will improve the performance of the cryptocurrency market, despite the current drop in prices, which in my opinion is an artificial manipulation.
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March 18, 2020, 05:28:40 PM
 #25

Brave hodlers
These peoples are the one still believe with the potential of cryptocurrency even the market now is dripping with blood. Ignoring the volatility and still relaxing while others are in state of confusion.

Not unless you are hodling Bitcoin still at a gain I wouldn't say that they are one of the wiser bunch of people in the crypto market. If you are hodling Bitcion in your portfolio at a loss now it only means that you are stuck with Bitcoin and have lose the opportunity to profit or at least short it before the bloodbath started, they are close to panic sellers who really don't have any strategies left but to hodly since they don't have any exit plans in place in times like this.
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March 18, 2020, 11:01:50 PM
 #26

Im lacking another category for the both of you but what to called it?
Opportunists?  Cynics?  Poverty-stricken wannabe cryptogazillionaires?  I can only speak for myself and not gentlemand, of course.

Just as an aside, I started watching the news--that's something I haven't done in years, and I don't think I've suffered as a human being for being out of the loop on things.  This thing seems to be getting worse every day, both the spread of the virus and people's reaction to everything.  I'm not sure which is worse.  Gotta tell you, though, the effect on the economy is going to be very pronounced.  I'm actually surprised bitcoin didn't stay below $5k (although it could still get there).  

Edit:  Oh, and I watch the news stories on Youtube since I don't have a TV, and wouldn't you know that all the search results point to mainstream media reports and practically none of them are videos to educate people about the virus.  It would be nice if all the news wasn't about what the politicians are doing.  I'd love to see someone drop some science on the populace, because that might alleviate some of the fears people have.

I'm exactly same as you are. Especially when it comes to news and mainstream. Don't have a tv for a decade now and I only follow things that really are of interest of me. Youtube has become a tool for creating a narrative for "online people" that plugged out of classic mainstream media and it is harder to find content that is not polluted or doctored.

Regarding categories I would say that I am an opportunist. I try to buy low, not chasing bottom and playing mid-long term game mostly.
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March 19, 2020, 09:31:17 AM
 #27


Panic Seller
These are the people who sold their coins in spite of tragic losses to save some of their asset value. Definitely many would deny they belong to this group.



Maybe I include this one but I sell all coins for cut loss, I must do that because still don't have concrete until when bitcoin will dump?. I have plan and must follow it, from there I can evaluate and create better action. Panic yes because suddenly my stop loss reached without warning. Wait and see is my best strategy right now, until bitcoin pump again I must find alternative income, wish me luck.


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March 19, 2020, 10:13:23 AM
 #28

Im definitely a bottom seeker and an instant analyst in both market situations lol.
I haven't sold any Bitcoin yet, and bought some at around $6,000 and that's why I become a "bottom seeker". Sadly, I dont have much left in my pocket to buy more, due to stocking groceries, medicine supply, and foods for a month long lockdown. So, I might be as well an analyst who loves to join discussions.

R


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March 19, 2020, 11:08:04 AM
 #29

I don't know it is just me or other people who doing this. I always devide the capital for investing and trading. So in this situation I'll do these ways (investing and trading), you are right I'll be a brave holder when the crash came. Because I will sell it I'll be in lose situation, I bought bitcoin in the early at this year and I intend to sell time at the end of this year. Seem like the halving event is really tempting me so as I sold my old motorcycle to buy bitcoin. And the second thing I'll do trade at least once a week, I'm not daily trader because I have work in my real live so I couldn't manage if I do day trading.
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March 19, 2020, 11:11:45 AM
 #30

I labeled myself as brave hodler since 2018, after the bubble popped i did not exit that day and will continue to accumulate more what i can afford to lose.

But still i believe in Bitcoin will dominate stocks in the future, so much space to fill to. 😃
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March 20, 2020, 06:09:03 PM
 #31

Maybe I include this one but I sell all coins for cut loss, I must do that because still don't have concrete until when bitcoin will dump?. I have plan and must follow it, from there I can evaluate and create better action. Panic yes because suddenly my stop loss reached without warning. Wait and see is my best strategy right now, until bitcoin pump again I must find alternative income, wish me luck.

I hope people who did panic learnt something along the way. It could of course be temporary and there'll be much more plunging to come but there were quite a few people calling total death and look where it's at now. When moves are that violent and volume is that high it's a signal of it being a seizure not a death.
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March 21, 2020, 10:21:39 AM
 #32

Not unless you are hodling Bitcoin still at a gain I wouldn't say that they are one of the wiser bunch of people in the crypto market. If you are hodling Bitcion in your portfolio at a loss now it only means that you are stuck with Bitcoin and have lose the opportunity to profit or at least short it before the bloodbath started, they are close to panic sellers who really don't have any strategies left but to hodly since they don't have any exit plans in place in times like this.

I did put brave to describe how scary to convert into fiat right now. Yes I did have some bitcoin but I am aiming for a good profits, and even Im at loss there is no point to sell right? It doeant mean I dont have much strategy cause sometime the best move limits you to the only one and thats holding. I dont care, If Im not able to gains with this bloodbath,  I have contingency budget for the locked down but of course I cant say until when since the tragedy doesnt end yet.

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March 21, 2020, 11:13:05 AM
 #33

I'm on the bottom seeker side, though I don't really consider myself wise. I exited the market when BTC hit $10k cause I really needed all the funds I could get for a certain project of mine. Then the virus panic spread and our place got quarantined so I couldn't really do much about it. Went and visited the market and saw a deep dive made by the BTC, so I said to myself, heck why not. A better name would probably lazy seeker tbh, cause my mindset was pretty simple. The market price was low? Ok time to enter again easy.

R


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March 21, 2020, 12:39:36 PM
 #34

Brave hodlers
These peoples are the one still believe with the potential of cryptocurrency even the market now is dripping with blood. Ignoring the volatility and still relaxing while others are in state of confusion.

Not unless you are hodling Bitcoin still at a gain I wouldn't say that they are one of the wiser bunch of people in the crypto market. If you are hodling Bitcion in your portfolio at a loss now it only means that you are stuck with Bitcoin and have lose the opportunity to profit or at least short it before the bloodbath started, they are close to panic sellers who really don't have any strategies left but to hodly since they don't have any exit plans in place in times like this.

@cryptoaddictchie I’m and always will be a brave holder as I have purchased bitcoins at various price ranges, and now I have a sick average hence I don’t need to indulge in panic sales. @Harlot for those people you have mentioned I would recommend them to buy bitcoins whenever it falls, and hodl it for the long term to get more profits from it.
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March 21, 2020, 02:09:08 PM
 #35

You can call me, brave holder. until now I still believe in the potential of cryptocurrency. besides that, I am also always thinking of doing a trade that is not in vain. that is when I produce more crypto at a time when prices are declining like now. it's just that I haven't found the right way for that.
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March 21, 2020, 02:19:23 PM
 #36

Brave hodlers
These peoples are the one still believe with the potential of cryptocurrency even the market now is dripping with blood. Ignoring the volatility and still relaxing while others are in state of confusion.
Till there is a heartbeat in Bitcoin, i am holding my precious coins 4ever and why not use some of it only in case of urgent needs which coincide usually with a dump! (except one time)! Unlucky me for real  Undecided

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March 21, 2020, 06:46:25 PM
 #37

Brave hodlers

Instant Analysts during bloody market

Satoshi Followers

I really think that I belong to this group I always believe in one cryptocurrency and a loyalist to the trend of Satoshi that is why 60% is Bitcoin and the 40% is with other coins you can always assure that the big portion is with Bitcoin, I always get my self in analyzing the market and ending up explaining my opinion on it and i the little knowledge I have with trading that is why I end up with few tradings and a big portion on holding.
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March 21, 2020, 10:08:13 PM
 #38

I would say:

Brave hodlers: during our lows, I'll go on the opposite, and for me this is the best thing to do.

of course I'm also,

Bottom seeker/ Wise shoppers: everyone should be wise and intelligent, not an opportunist, but love to buy things that are cheap and at a discount price.

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March 21, 2020, 10:38:51 PM
 #39

I sell some of my Bitcoin and other cryptos for my needs but I'm not saying that I am a Panic Seller.

Maybe I called myself as a holder but not a Brave Holder as well, it can be just a "holder and Seller".

I'm not affected by the current situation and I don't want to think how bad it is cause it for sure that it will mentally affect our minds and could lead to panic selling. Well, that a thing it should and I just consider this as a normal day even though we saw a huge market drop.



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Rainbot
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March 22, 2020, 04:16:29 AM
 #40

i don't think i can be categorized in any of the groups you mentioned. for example the closest would be the holder group but i do not believe in the potential of cryptocurrencies, i only believe in potential of bitcoin that is why  the only thing i own is bitcoin and i have only traded altcoins during their pump and dumps and never held any any longer than i should.
besides i don't just "hodl", i have been making an investment and at the same time i have been spending bitcoin, earning bitcoin as much as i can because i still see it as a currency first and an investment second.

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