Bitcoin's price, and our mental health.

[HardFacts]

The most important thing at the moment is not to make hasty conclusions. The cryptocurrency market, as well as the world markets, collapsed due to panic due to the emergence of coronavirus. If people "cool down" a little and the situation will slowly improve for the better.
And again, in no case should you think about suicide, your investments can not be compared with your life.

WRONG, WRONG, WRONG....

The Bubble Economy is crashing hard, and there will be a depression that will last more than 10 years, there is no " slowly improve " for many years to come....   BitCoin failed it first and only test in a crisis.   Welcome to your new REALITY.

Hard Facts

I'm more of a BTC believer than an investor. The only chamber I'm sitting in is the chamber of belief in a future of cryptocurrencies. I cannot say Bitcoin is going to 0 if I simply do not believe it ever will. That is equal to forcing me to believe something I don't think is going to happen.


Moreover, getting back to the topic, how are your "BITCOIN IS SHIT BITCOIN IS GOING TO ZERO FUCK IT YOURE GOING TO LOSE ALL YOUR MONEY IM ALWAYS RIGHT" posts helping those out here who are in a very bad financial AND mental health position due to the downfall of cryptocurrencies?

You are about as bright as any Cult Member, and you will very richly deserve the results you get.   Rational people here are starting to see that they are not going to get rich, but going to be bankrupt by investing in BitCion.

As for your " QUOTE "  ,  I NEVER, NEVER, NEVER posted anything like that, do you have to outright LIE    I would expect nothing less from a willingly blind cult member, the worst, dumbest kind of people that will do horrible things in the name of their beliefs.

The good news is, I am seeing a lot less " believers " out there, and more of people that like BitCoin, but are very rationally questioning weather they should be investing in it or not...

Hard Facts

[sulendra12]

Either they put all the money into Bitcoin for hope to get something in return or they were regretting something back then because they think "it would have been much more better if I could just sell it on X date". It's completely normal and it could affect the mental health of certain people. I do feel that sometimes and that's a sign for you to stop.

[lienfaye]

The important message that we should keep in mind is, even how much money we lose in crypto investing we can still earn it by working hard.

So dont take this bearish trend like it cant recover anymore because there's more room for development that can affect the market positively.

For now stay optimistic and wait for the coins to bounce back again, it will happen once this covid-19 issue is over.

[cutesgirl]

Become our mental examination when checking bitcoin price down under 30% and to know how our mentality health, does ready faced situation when bitcoin down or go away with cryptocurrency investment. After last day bitcoin down until this time keep stable with lower price and does not effect will bitcoin growing up or stay down.

[HardFacts]

The price of Bitcoin is now decreasing at a high rate....even all the cryptocurrency price is now at destruction.... it's price has decreased to$4000 ..where Bitcoin price was equal to about $8000...a few weeks before...but now the market condition is getting bad and the cause is coronavirus....as it has bring a destruction to the world economy.....tfe the traders who have invested with Bitcoin.... have to cut loss.... because of decreasing Bitcoin price...of this goes on the future of Bitcoin seems to be dark that is not expected by us... while we are hoping to have a brighter future of Bitcoin....

THE UNIVERSE does not care what you want or hope for...

REALITY:  BitCoin utterly failed in its promise as an alternative to currency for normal purchases.  BitcCoin has now also failed as the safe haven or " Digital Gold " that it was re-branded to be after the first failure.   BitCoin failed it first financial crisis, and the financial crisis is just now getting started, there is a long, long way down to go...

Hard Facts

[princesspoppy]

With the current market, many people are sad, disappointed, and frustrated with it. It is understandle but yes indeed, please don't ever try to finish yourself because of this crash. This is just temporary and the market will recover, it may take long time but still it will and everyone still have the chance to recover their lost money. Just keep believing.

[kemoglo]

Either they put all the money into Bitcoin for hope to get something in return or they were regretting something back then because they think "it would have been much more better if I could just sell it on X date". It's completely normal and it could affect the mental health of certain people. I do feel that sometimes and that's a sign for you to stop.

I really would like to thank the OP, many of us only care about #1 but OP showed a bit of compassion that many people lack in current times. I didn't have too much money on BTC on general statistics, but it was almost 60% of my savings, so for me personally it was quite a blow this nosedive. I however don't fall on that "I could've been so much better if I sold on X" because I know that there's little I could've done to predict what happened, so I'm in peace with that.

Another thing is that too many people don't know how and when to stop, and just because we know it's the best doesn't mean that they do, so again I appreciate the OP for reaching out to them.

[Gladiator25]

It's that time again, where bitcoin(and pretty much almost every other non-stablecoin cryptocurrencies) does a huge nosedive. This is just a reminder that whatever amount you've "lost" with the market  crash, in the end, it's just money. Money can be made back in the future through multiple various ways, whereas you have only one life to live. It's not the end.

Whether you're invested in bitcoin, whatever altcoin, or even the stock markets, if you've been having suicidal thoughts, please think twice and try talking to a professional.

For the suicide hotline for the country you're in, please refer to this list: https://en.wikipedia.org/wiki/List_of_suicide_crisis_lines

Times like today are so reminiscent of the last market crash whereas suicide-related posts and suicide hotlines are popping out on multiple crypto-related subreddits. But yea, this might be cheesy as hell, and while a lot of people here have been here since like forever(hence are probably immune to the effects of these crashes at this point), but if this saves one person it's well worth it.

Happy trading and investing!

Mental health should be observed yet it is irresistible to not to worry because, even though money can be back in the future, many people will have a concern what will they use to buy products and services. The corona virus will also give an extra effect to the decrease of the value in the market of bitcoin. Since we can't do any physical transaction as of now, it is now a chance to help our own mental health.

[gentlemand]

I wonder what effect this surge upwards will have on those who ran screaming at the bottom. I've noticed that the people on here who lost the plot most spectacularly tend to do it because of opportunities squandered that they never took rather than decisive actions they did take.

[KnightElite]

The important message that we should keep in mind is, even how much money we lose in crypto investing we can still earn it by working hard.

So dont take this bearish trend like it cant recover anymore because there's more room for development that can affect the market positively.

For now stay optimistic and wait for the coins to bounce back again, it will happen once this covid-19 issue is over.

As long as the COVID-19 is still affecting the whole world, expect that the price of the bitcoin will not rise easily again. There are a lot of panic in the market that makes the bitcoin hard to trade because of the volatility and also the selling pressure. Cash is also a position so we should not trade recklessly.

[ethereumhunter]

The important message that we should keep in mind is, even how much money we lose in crypto investing we can still earn it by working hard.

So dont take this bearish trend like it cant recover anymore because there's more room for development that can affect the market positively.

For now stay optimistic and wait for the coins to bounce back again, it will happen once this covid-19 issue is over.

As long as the COVID-19 is still affecting the whole world, expect that the price of the bitcoin will not rise easily again. There are a lot of panic in the market that makes the bitcoin hard to trade because of the volatility and also the selling pressure. Cash is also a position so we should not trade recklessly.

I guess that is not necessary to following panic like other people because the market will be back, and everything will be okay. We need to stay calm at this moment so we don't make a rush action which will make us cannot see the chance that will come to us. Although we are in a hard situation, by staying calm, we can handle with care, and we can always get the way to solve every problem that we have. COVID-19 still there, but that doesn't mean we don't need to do something. Bitcoin price will increase this year or the next year, all we can do is keep trying to earn more and more bitcoin, and we will make that profit again.

[Shame_Game]

The price of bitcoin directly depends on the mental health of investors. And in such cases of panic , the price of course falls.

[Chris Barth]

The price of bitcoin directly depends on the mental health of investors. And in such cases of panic , the price of course falls.

I'm still striving to understand this... Lol... How does the price of BTCitcoin depend on the mental health of the investors? 🤔

[Vishnu.Reang]

LOL.. this might have happened a few years ago. But I guess the investors are more mature now. Back in 2017/18, many of the investors were new to cryptocurrency and they lost up to 95% of their capital in investing in altcoins such as Cardano and Litecoin. Compared to the crash that we had in 2018 (when the prices declined from $20K to $4K), the current bearish phase is much more tolerable.

[CarnagexD]

LOL.. this might have happened a few years ago. But I guess the investors are more mature now. Back in 2017/18, many of the investors were new to cryptocurrency and they lost up to 95% of their capital in investing in altcoins such as Cardano and Litecoin. Compared to the crash that we had in 2018 (when the prices declined from $20K to $4K), the current bearish phase is much more tolerable.

There are a lot of people having investment way back on that year and some of the people see the potential of the bitcoin to make more earnings and some of them failed their expectations to make more earning and one of the goals of every people is to make more profit, from the previous years of the bitcoin from the year of 2010 it does not show a huge market profit instead there are still many people to use on it to make more income because it just starts from the lower market price until now they are doing it and some of them are lose their faith and money to the bitcoin that may cause of too much affect on their mental health there has a lot of thoughts and doubts about the things they made still it is better if we control all the things we are doing because even the market is too low and high we cannot assure that the market are still stable on that, every time we do there is a risk so make you sure you are ready enough to do those things.

[DooMAD]

The price of bitcoin directly depends on the mental health of investors. And in such cases of panic , the price of course falls.

I'm still striving to understand this... Lol... How does the price of BTCitcoin depend on the mental health of the investors? 🤔

I'm working under the assumption they meant "mindset" rather than "mental health".  Otherwise, yeah, it makes no sense.  Chalk it up to a language barrier, perhaps?

"Mental health" would infer the people panic selling aren't in a good state of mental health, while the people HODLing are mentally fit.  That would be a rather strong statement, even for a perma-bull, heh.

[HardFacts]

With the current market, many people are sad, disappointed, and frustrated with it. It is understandle but yes indeed, please don't ever try to finish yourself because of this crash. This is just temporary and the market will recover, it may take long time but still it will and everyone still have the chance to recover their lost money. Just keep believing.

The Economic Crisis will last for over a DECADE, yes many years !!!    It is just getting started.   The Great Depression lasted 13 years...  You may be waiting until you are dead.

" BELIEVING " Is not investing, it is stupid.   Invest wisely based on facts, anyone " believing " deserves to lose everything.   Cult members " believe " and are the dumbest, most Delusional people on the planet.

Hard Facts

The price of bitcoin directly depends on the mental health of investors. And in such cases of panic , the price of course falls.

The price of REAL COINS is going UP in panic and economic crisis, and it is just getting started....

The fact that BitCoin reacted so badly to its first ever economic crisis should worry everyone, and yes even affect your mental health if you need the money.   BitCoin grew up in an economic BUBBLE, where virtually every asset went up.   That world is now GONE, the Economic crisis and depression will last for many years, adjust your investment strategy accordingly.

Hard Facts

[witcher_sense]

To consider bitcoin from the start not as speculative asset, but as the base in future monetary system might help you to overcome some obstacles.

Every fall becomes an opportunity to buy more and you're always glad to receive desired asset. Every rise becomes a sign of new wave of adoption thus hopes about new monetary system become less naive and you're glad once again. Mental health is fine and will be so.

[fiulpro]

The thing is , I choose to sell my Bitcoins because of quarantine everything was very costly and you had to stock up for the whole month.
Now the good thing is,
I am happy that I didn't ask anyone for money .
--------------------------------------
The thing is , you will always make more money in the future , but there are some things that you cannot sacrifice. Things like , life , family , health , values.

So don't think much and enjoy , it can always be earned back.

[Cryptoreflector_666]

To consider bitcoin from the start not as speculative asset, but as the base in future monetary system might help you to overcome some obstacles.

Every fall becomes an opportunity to buy more and you're always glad to receive desired asset. Every rise becomes a sign of new wave of adoption thus hopes about new monetary system become less naive and you're glad once again. Mental health is fine and will be so.

This is an interesting approach, but what about the high volatility of bitcoin? Every time we see such a swing in the price range, then blood pressure and heart rate increase self-sufficient. I think that if there is a strong mental concern, it is better not to mess with Bitcoin.