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Author Topic: Bitcoin's price, and mental health.  (Read 1633 times)
HardFacts
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March 22, 2020, 06:21:10 PM
 #101

, Bitcoin price crashed like hell again, people were freaking out, the good thing is, most of the crypto supporters are mature now!

BitCoin supporters are NOT mature, they are cult like delusional " believers "...   And that is a VERY BAD way to invest money.   Seriously, would anyone invest in a Wall street product that sold it based on " faith " and where any negative information was DISMISSED as FUD ?

I have no idea if BitCoin will go up or down from here, but how BitCoin is crashing in its first ever FINANCIAL CRISIS should worry everyone.   My mental health would be very bad right now if I had borrowed and invested my retirement into BitCoin, since I look at reality, and not not operate on " faith "...

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March 22, 2020, 06:39:35 PM
 #102

I have no idea if BitCoin will go up or down from here, but how BitCoin is crashing in its first ever FINANCIAL CRISIS should worry everyone.   My mental health would be very bad right now if I had borrowed and invested my retirement into BitCoin, since I look at reality, and not not operate on " faith "...

Hard Facts
There should be a correction this is not a financial crisis, its like a world war scenario all over the world but the enemy is something which can't be seen with our naked eyes so its called virus.And every kind of investment is something under faith, how can you be assured that stock you invested will go more value in the next few years?

Just faith right. Smiley

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March 22, 2020, 09:50:41 PM
 #103


There should be a correction this is not a financial crisis, its like a world war scenario all over the world but the enemy is something which can't be seen with our naked eyes so its called virus.And every kind of investment is something under faith, how can you be assured that stock you invested will go more value in the next few years?

Just faith right. Smiley

UTTERLY WRONG, This is the start of biggest FINANCIAL CRISIS and GLOBAL DEPRESSION the world has ever seen.   Give your statement I see you have zero understanding of economics and the everything bubble that is now popping.    Stocks, and most assets will go MUCH LOWER....

No I would never invest in stocks or anything else on " faith ", I would invest on rational analysis of every relevant fact I could get my hands on.   The fact that you demonstrate an utter ignorance of the state of the bubble economy, and the concept of investing rationally is unknown to you tells me you are the LAST PERSON anyone should ever listen to.

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March 22, 2020, 09:56:14 PM
 #104

our understanding of what real money should really be.


That is where you go TOTALLY WRONG.   BitCoin is NOT, NOT, NOT what real money should really be.   

1.  There can be an infinite amount of crypto currencies created, which is why we now see thousands of them  Grin Grin Grin

2.  It needs to have intrinsic value, which BitCoin does not have.   Try making a " Digital House " and selling it, or even living in it, no matter what name and special " properties " you give your Digital House, it will never be real.

Hard Facts

 it has a real value as an electrical space heater.

you are simply spouting nonsense to drive the price down hoping to buy some cheaply.

I see BTC as the super highway and alt coins as taxis and trucks needed to move transactions.
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March 22, 2020, 10:28:45 PM
 #105

If people get extremely worried to the point when they start contemplating suicide over their investment, it might be a big sign that they have invested too much. One of the rules of investing is only investing the money that you can afford to lose. If you put all your networth in Bitcoin or take loans to buy Bitcoin, you risk seriously screwing yourself.

So, if someone has such negative experiences, they should sell some portion of their coins on the next big upswing and hodl less coins, so that the future crashes won't be as devastating to them.

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March 22, 2020, 10:50:01 PM
 #106


you are simply spouting nonsense to drive the price down hoping to buy some cheaply.

UTTERLY STUPID...

To think that me posting about BitCoin here would move its market price any significant amount is actually worse than stupid, it shows that you have no connection to reality.   Just what I would expect from one of the cult member " believers "....    Any rational person that reads your post would think " what an idiot " , weather they agree with me or not.

If I had the ability to move the BitCoin market price, I would be TRADING BitCoin, and making hundreds of millions of dollars.

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March 23, 2020, 05:16:23 AM
 #107

UTTERLY STUPID...

To think that me posting about BitCoin here would move its market price any significant amount is actually worse than stupid, it shows that you have no connection to reality.   Just what I would expect from one of the cult member " believers "....    Any rational person that reads your post would think " what an idiot " , weather they agree with me or not.

If I had the ability to move the BitCoin market price, I would be TRADING BitCoin, and making hundreds of millions of dollars.

Hard Facts

I can tell you what is really utterly stupid here. Calling someone sitting on bitcoin forum a bitcoin believer. What else do you expect when you're trying to spread fud like that? It's like sitting on vegan forum trying to convience everyone to eat meat. Someone may call you a troll. If I were you and completely dissapointed in bitcoin, I would already leave this forum for good. In case your mental health has been corrupted by recent events, you should visit a doctor as soon as possible.

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HardFacts
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March 23, 2020, 02:06:23 PM
 #108


I can tell you what is really utterly stupid here. Calling someone sitting on bitcoin forum a bitcoin believer.


All you have to do is READ what people post here, and the huger number of people here constantly post they they " believe " in bitcoin. 

If you can not even read and remember simple English, you are not even operating on a grade school intelligence level...   Why should anyone listen to you talk about a Financial Asset   Cheesy Cheesy Cheesy

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March 23, 2020, 06:59:37 PM
 #109

Calling someone sitting on bitcoin forum a bitcoin believer. What else do you expect when you're trying to spread fud like that? It's like sitting on vegan forum trying to convience everyone to eat meat. Someone may call you a troll. If I were you and completely dissapointed in bitcoin, I would already leave this forum for good. In case your mental health has been corrupted by recent events, you should visit a doctor as soon as possible.
that is true, that is true.  a psychiatrist will cure everyone.  Grin
In my opinion, real cryptocurrency enthusiasts and supporters of bitcoins are people who look at the long-term future of cryptocurrencies in the future and expect real use of cryptocurrency in everyday life of a person.  To date, in my opinion, Bitcoin is underestimated in full and is used only for profit on price fluctuations.  As for the mental health of a person who somehow starts or continues his activity in the cryptocurrency market, first of all, everything depends on the nature of the person and on what is at stake.  The fact is that I started my activity with earning start-up capital thanks to the Bounty company a few years ago, and I have never invested real fiat funds in cryptocurrency.  All my assets are earned through participation in different companies and through trade.  If I lose something, then this, in my opinion, is a real process on the cryptocurrency market and I’m not going to get sick because of this.  Cheesy It seems to me that such advice can be offered to other users of the forum.   Cheesy

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March 23, 2020, 07:27:14 PM
 #110

If I lose something, then this, in my opinion, is a real process on the cryptocurrency market and I’m not going to get sick because of this.  Cheesy It seems to me that such advice can be offered to other users of the forum.   Cheesy

THE VAST MAJORITY of people that have invested into BitCoin have used real money to buy it...  Many have borrowed, used retirement money, etc and have gambled with money that they can not afford to lose.    So it is understandable that the price crash of BitCoin would severely affect their MENTAL HEALTH  Cry Cry Cry Cry

I have no idea where BitCoin price is going, but the way it has crashed in this Economic Crisis is very worrying.  If you guys thing this is bad, just think how you will feel if BitCoin gets down into the 2000's

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March 23, 2020, 10:50:35 PM
 #111

*mindless rambling*

You're still missing the point.  The network continues to function.  Whatever happens to the price, I can still use bitcoin to send transactions where visa, mastercard, paypal, etc, will not permit me to send payments.  If I want to support an organisation like wikileaks, I am free to do that.  You will only be making payments that your bank permit you to make. 

I have my freedom.  You don't. 

If you want to scaremonger about the price of freedom, go ahead.  Have fun being a frightened little prisoner who doesn't control their own wealth.

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March 23, 2020, 11:08:39 PM
 #112

*mindless rambling*

You're still missing the point.  The network continues to function.  Whatever happens to the price, I can still use bitcoin to send transactions where visa, mastercard, paypal, etc, will not permit me to send payments.  If I want to support an organisation like wikileaks, I am free to do that.  You will only be making payments that your bank permit you to make. 

I have my freedom.  You don't. 

If you want to scaremonger about the price of freedom, go ahead.  Have fun being a frightened little prisoner who doesn't control their own wealth.

BitCoin has FAILED as a fast, easy, cheap way for everyone to make transactions, that dream never came true...  Now they try to sell BitCoin as Digital Gold and a safe haven asset, and now that narrative is up in smoke, false...

I like the FREEDOM of BitCoin, but that does NOT, NOT, NOT give it value as money, and I would not invest in it...  Not wanting to LOSE my money by investing in a collapsing asset does not make me afraid, that makes me a smart investor   Grin Grin Grin

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Findingnemo
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March 25, 2020, 04:41:08 PM
 #113


There should be a correction this is not a financial crisis, its like a world war scenario all over the world but the enemy is something which can't be seen with our naked eyes so its called virus.And every kind of investment is something under faith, how can you be assured that stock you invested will go more value in the next few years?

Just faith right. Smiley

UTTERLY WRONG, This is the start of biggest FINANCIAL CRISIS and GLOBAL DEPRESSION the world has ever seen.   Give your statement I see you have zero understanding of economics and the everything bubble that is now popping.    Stocks, and most assets will go MUCH LOWER....

No I would never invest in stocks or anything else on " faith ", I would invest on rational analysis of every relevant fact I could get my hands on.   The fact that you demonstrate an utter ignorance of the state of the bubble economy, and the concept of investing rationally is unknown to you tells me you are the LAST PERSON anyone should ever listen to.

Hard Facts
Read everything before saying it as wrong and I have no understanding of economics.The current scenario is not only about the economy it's more like the extinction of the world or at least people think in that way that is why they are selling to save their life because they know money can be earned but life, you can't.

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March 25, 2020, 09:41:30 PM
 #114

The current scenario is not only about the economy it's more like the extinction of the world or at least people think in that way that is why they are selling to save their life because they know money can be earned but life, you can't.

Just wait until the BitCoin price crashes AGAIN, down in the 3,000's...   There will be a whole lot of people here with not only an economic crisis, but also a MENTAL HEALTH CRISIS    Cry Cry Cry Cry

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March 26, 2020, 12:53:00 AM
 #115

Most markets have rallied this week on short timeframe without any basing. So might expect another downside move with consolidation before any meaningful change in trend. Possibly a time to offload investments and look to buy back in later.
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March 26, 2020, 03:18:21 AM
 #116

*mindless rambling*

You're still missing the point.  The network continues to function.  Whatever happens to the price, I can still use bitcoin to send transactions where visa, mastercard, paypal, etc, will not permit me to send payments.  If I want to support an organisation like wikileaks, I am free to do that.  You will only be making payments that your bank permit you to make. 

I have my freedom.  You don't. 

If you want to scaremonger about the price of freedom, go ahead.  Have fun being a frightened little prisoner who doesn't control their own wealth.

The market price of the bitcoin today is rapidly falling down and this is a huge impact to the people some of them made an investment when the market price drops immediately and this may give frustration and more to the people because it is a huge lose and they need to hold their coins to avoid getting loss of income, we cannot assure when is the market price fall or rise because the market is volatile and we cannot make any changes on it only the people who have the power like the whales can control the market changes still we want to make an investment at the first place we need to accept the risk, but if you are not confident enough it is better to hold back for a while and make a lot of research or background study about the thing you want to be included.

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HardFacts
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March 26, 2020, 01:51:31 PM
Last edit: March 29, 2020, 08:07:02 PM by mprep
 #117

Mental health with bitcoin price give us more chance to buy and sell because last three days bitcoin suddenly up and down, This best way for us how to get much profit with bitcoin and try to get more profit. Some time bitcoin change up more than 10% and back down again, we can waiting when have to buy and sell bitcoin.

So you like gambling at the BitCoin Casino  Cheesy Cheesy Cheesy   I have no idea if BitCion will go up or down, but I know BitCoin's intrinsic value is near zero, so I am thinking it will go down from here.   So if it goes down into the 3000's from here, is that going to help your mental Health Huh

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I think the price of bitcoin is going to drop a little bit more. I think the corona virus has spread an effect all over the world.I think the crisis will be gone in the next few days.

You are an utter FOOL   Shocked Shocked Shocked

The Corona Virus crisis will not be gone in a few days, not even close.   The resulting economic depression will last for MANY YEARS.   Are you mentally not able to handle the truth ?   

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March 26, 2020, 02:42:53 PM
 #118

I am very sad to see some people affected by mental health due to volatile bitcoin prices. Which a few days ago had dropped below $ 4000,
this makes some people become stressed and some even decide to commit suicide because of losing the capital they have when bitcoin prices
are down. In my opinion, people who were exposed to metal health and decided to commit suicide due to the price of bitcoin fell, because it
was caused capital used is the proceeds of loans.

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March 26, 2020, 04:26:39 PM
 #119

Ideally long-term holders should not worry about the price too much. I consider myself a long-term holder, but I can't resist from checking the prices every now and then. My conservative estimate is that in a typical day I check the Bitcoin prices at least 20 to 30 times (either in my laptop, or in my smartphone). And with everyone working from home now, staying away from this habit has become even more difficult.

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March 26, 2020, 06:45:29 PM
 #120

Ideally long-term holders should not worry about the price too much. I consider myself a long-term holder, but I can't resist from checking the prices every now and then. My conservative estimate is that in a typical day I check the Bitcoin prices at least 20 to 30 times (either in my laptop, or in my smartphone). And with everyone working from home now, staying away from this habit has become even more difficult.
If you are a legitimate long term holder thrn probably you already know what to do when the market is being crashed and also what you always do in terms of suddenly down just like what happened on the past weeks in which the bitcoin and also the whole market becomes red again.
I hope that you might be able to teach and sprrad some words to some people who are a holders and currently holding tokens or coins to wait their time and what they need to do in situation like this.

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