Bitcoin's price, and our mental health.

[Gotumoot]

Many investors are now having problems with falling bitcoin prices especially those who are investing heavily in it and investors who are in debt because they expect the Bitcoin bull run is about to start. All I can say right now is to be positive, to take advantage of the downfall of bitcoin to buy more as it is likely to rise in price again in the coming years, especially when the global pandemic ends.

[1715009219]

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[HardFacts]

"Buy those government coins, they're doing it wrong and are ruining the economy"?  You see how that doesn't follow logically, right?


I think we'll let history be the judge of that.  It seems to be more qualified than you.  

I NEVER, NEVER, NEVER said to be invested in US Dollars, you are not reading what I have been posting...  As a matter of fact, this is the one thing most of us agree on  

Yes history will be the judge here, and either I, or you guys will really wish we had been smarter  

REAL COINS, like this !!  And you can even get one with BitCoin printed on it if you just love the idea of BitCoin but do not want to lose all your money.



Hard Facts

[moonblocks]

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!

In one simple phrase... "don't panic!"

Even if the market flashes red indicators all over if you aren't in a losing position by a reasonable percentage (in crypto that's up to 40-50% even for a well balanced portfolio) then don't panic sell just perhaps hedge the alts until Bitcoin recovers and when it does it should make a swift recovery

Like come on this sub $6,000 price dip is embarrassing so hopefully it stays above that in the next few weeks and leads into a halving led recovery

[HardFacts]

(in crypto that's up to 40-50% even for a well balanced portfolio)

CORRECTION TO PREVIOUS PORTFOLIO RECOMMENDATION:  

(in crypto that's 0 % even for a well balanced portfolio)

[Wind_FURY]

OK, but you, you want everyone to work very hard for $30,000 every year, save in a bank, only for the government to print trillions of dollars, devaluing everyone's savings.

I do have to admire you PASSION !!!   I hope you are here for a very long time, one day you can put that passion to something good

You are correct about your statement above, I totally agree it is so very wrong, but that is a whole different issue than BitCoin.  

BUT, it's NOT. Do you believe that all the helicopter money will do the economy good in 10 years? Everyone SHOULD be saving part of their salary in Bitcoin starting NOW.

That is also why you should own REAL COINS to protect yourself against that.  I get why you are doing the whole BitCoin thing, and are absolutely right in your idea, you just invested in the wrong asset.

The troll is finally showing his true colors. OK, I will humor you. What is the REAL COIN that we should be holding?

[moonblocks]

(in crypto that's up to 40-50% even for a well balanced portfolio)

CORRECTION TO PREVIOUS PORTFOLIO RECOMMENDATION:  

(in crypto that's 0 % even for a well balanced portfolio)

I was trying to be optimistic but you're probably more accurate with that guesstimate

[DooMAD]

The troll is finally showing his true colors. OK, I will humor you. What is the REAL COIN that we should be holding?

I think they're saying coin to throw you off the scent.  HardFacts is a goldbug and devout disciple of the Church of Schiff.  I'd imagine "coins made of gold" would be the only definition of "real coin" they would be prepared to accept.

[HardFacts]

BUT, it's NOT. Do you believe that all the helicopter money will do the economy good in 10 years? Everyone SHOULD be saving part of their salary in Bitcoin starting NOW.

What is the REAL COIN that we should be holding?

Wind_FURY,

Slow down and read what I am saying...  I agree with you that the helicopter money is very bad, but it is even worse than you think     It will not take 10 years, it will be MUCH MUCH sooner to see the inflationary effects of this.  Try a matter of MONTHS to start to see significant noticeable inflation, and hyperinflation within about 1 - 2 years depending on the amount of printing they do.  These are VERY ROUGH guesses, since they depend a lot on Federal Reserve actions, but what I do know is that it will NOT, NOT, NOT be anywhere near 10 years.  Given your statement, I just do not understand why you are incredibly overly optimistic about the US Dollar  

You still do not understand REAL Coins ??  Really ??  Do you think I am talking about quarters and dimes in a piggy bank ??   I am talking about the one in the picture you did not see above, so I will post it again.  You can even get one with BitCoin on it since you like BitCoin so much  



Hard Facts

[semobo]

Stop looking at the bitcoin's price every minute, from this we can avoid most of the mental stress which created by the volatility of prices.Investors have no reasons to check prices in that way still we are doing it.Whole world is in a crisis scenario so nothing to worry if you lost money because you are not alone.

[HardFacts]

Whole world is in a crisis scenario so nothing to worry if you lost money because you are not alone.

HORRIBLE ADVICE 

Smart investors can MAKE a lot of money from a crisis, and many are !!!   Are you really going to feel better if you are broke, and can not buy anything or pay your bills, and losing your house just because a lot of other dumb people made bad choices along with you

Hard Facts

[semobo]

Whole world is in a crisis scenario so nothing to worry if you lost money because you are not alone.

HORRIBLE ADVICE 

Smart investors can MAKE a lot of money from a crisis, and many are !!!   Are you really going to feel better if you are broke, and can not buy anything or pay your bills, and losing your house just because a lot of other dumb people made bad choices along with you

Hard Facts

Learn the difference between savings and investment capitals.You should have minimum amount of savings before going for risk investments like cryptos so  if you are going to rely on the returns from your investments for surviving your months then you should be the dumb!

[Swordsoffreedom]

~snip~
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!

In one simple phrase... "don't panic!"
Even if the market flashes red indicators all over if you aren't in a losing position by a reasonable percentage (in crypto that's up to 40-50% even for a well balanced portfolio) then don't panic sell just perhaps hedge the alts until Bitcoin recovers and when it does it should make a swift recovery
Like come on this sub $6,000 price dip is embarrassing so hopefully it stays above that in the next few weeks and leads into a halving led recovery

The whole world is going through a bad time this impact on stock market too so market is crushed. Many people are lost their seed-money but suicide is not a solution. The previous crypto market history gives us an idea of this that the price of Bitcoin is dropped today but we hope it will rise again. Wait and keep your trust on Bitcoin. Everything will be fine.

[Golftech]

Whole world is in a crisis scenario so nothing to worry if you lost money because you are not alone.

HORRIBLE ADVICE 

Smart investors can MAKE a lot of money from a crisis, and many are !!!   Are you really going to feel better if you are broke, and can not buy anything or pay your bills, and losing your house just because a lot of other dumb people made bad choices along with you

Hard Facts

Learn the difference between savings and investment capitals.You should have minimum amount of savings before going for risk investments like cryptos so  if you are going to rely on the returns from your investments for surviving your months then you should be the dumb!

There's always a need of step back in case your position did not materialized, every investment that you'll going to take especially here in crypto space where volatility is really hurting your assets, if you failed to work with the correct timing you will lose your capital.
Best practice is to set different money for your investment and your savings, in case you need money for emergency you have something to use and
not the money from your investment asset.

[Soft Lies]

...

The LIE of BitCoin as " Digital Gold " or a " Safe Haven " has been exposed.  No rational person is buying that false narrative anymore.   A 50 % crash in price due to the economic crisis told every rational investor that BitCoin was nothing more than gambling at the Casino  

Central Banks, Countries, and Large Institutional Investors are getting as much Gold as they can, NONE, NONE, NONE of them are buying BitCoin.

WISE UP, That pipe dream is OVER.

Hard Facts

You sir are the lie against bitcoin.

BTC  is a method to turn electrical power into coins. It can be used as a safe haven in some cases not all.

Essentially no asset is safe from the sun doing a super nova.  So all assets are only some what of a safe haven.

Is BTC  a safe haven against a world wide disaster that kills off 7 of the 8 billion humans on earth no.
BTW  gold would be a big fail in that case.

The degree of a safe haven for wealth is complex.

Reality is only space travel and multiple locations in the universe will get us to have really good safe havens.
Toss in a variation of altered carbon on netflix  with multiple clones of ones self  placed on multiple planets in multiple solar systems and save have becomes close to being acheived.

BTC  is a safe haven in a local war or disaster.  
It is better then gold as you do not have to carry pounds of gold in your pocket when you are running.


   As to a 50% collapse in price.  Lets look at that  3900 the low for march  and 6800  the price today.
That is a large uptick for a BTC purchase.
A miner gets the added benefit of a 15% difficulty adjustment in his favor.
So  he get 1.15 coins mined vs 1.
which means 6800 x 1.15 =  7820 from 3900  back in march.
This makes for  a nice gain for a miner.  Even better then one that purchased a coin.


It is quite clear to me  you will continue to be soft with those limp half truths you choose to tell here.

[Wind_FURY]

The troll is finally showing his true colors. OK, I will humor you. What is the REAL COIN that we should be holding?

I think they're saying coin to throw you off the scent.  HardFacts is a goldbug and devout disciple of the Church of Schiff.  I'd imagine "coins made of gold" would be the only definition of "real coin" they would be prepared to accept.

Or THE silver bug throwing of another scent. Hahaha.

I believe he was a regular poster in WO before.

BUT, it's NOT. Do you believe that all the helicopter money will do the economy good in 10 years? Everyone SHOULD be saving part of their salary in Bitcoin starting NOW.

What is the REAL COIN that we should be holding?

Wind_FURY,

Slow down and read what I am saying...  I agree with you that the helicopter money is very bad, but it is even worse than you think       It will not take 10 years, it will be MUCH MUCH sooner to see the inflationary effects of this.  Try a matter of MONTHS to start to see significant noticeable inflation, and hyperinflation within about 1 - 2 years depending on the amount of printing they do.  These are VERY ROUGH guesses, since they depend a lot on Federal Reserve actions, but what I do know is that it will NOT, NOT, NOT be anywhere near 10 years. 

Then there's no time! FOMO-buy Bitcoin, and HODL.

Given your statement, I just do not understand why you are incredibly overly optimistic about the US Dollar 

Overly optimistic? Or do you only want to believe what you want say?

You still do not understand REAL Coins ??  Really ??  Do you think I am talking about quarters and dimes in a piggy bank ??   I am talking about the one in the picture you did not see above, so I will post it again.  You can even get one with BitCoin on it since you like BitCoin so much 

Bitcoin Gold!

[philipma1957]

why do investors should sell BTC before halving if they have it already for some time

Well coins are up to 7200 as I type.

I am sure some will sell today. Some simply are short cash and this is all they have to convert to cash.

Others may have purchased anytime before Novemeber  7th 2017 It had yet to ever reach 7000 until later in nov of 2017.

So any btc aquired from 2009 to Nov 7th 2017 would sell at a  profit.

Now some purchased at the march 2020 dip to 3900  so selling now is close to 2x your money.

I realize that from nov 7 2017 to april 2020   we were over 7200 often.  we were also under 7200

So  those selling in that position say 8500 average price for their coins and sell for 7200  they are willing to take the loss.

Maybe hardfacts has swayed them.

[Eugenar]

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!

Well said, if you are going to invest, you should know the risk of doing that, investing is not a sure win situation, you will not assure yourselves that it is 100% profitable because there is still a chance to lose your money especially when you invest last 2 months and then thins bitcoin dumped happens. Even though bitcoin dumping happens do not lose hope the you will lose your money,  just still keep it, do not pull it out, just wait for the price of bitcoin to rise again so you will still make money.
Do not jave suicidal thoughts, that is not the good option to do, it is just a money do not kill yourself just because you lose your money. Money is only money, you can still work for it,  if you kill yourself, you can not make money anymore.

[Exolix]

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!

your information is useful!

But if you started talking about suicides, maybe it's time to think about the content on the forum: post positive news more often, make messages with financial statistics more neutral. The author does not have to decide with what mood the reader will read the message. These are just numbers. And now it’s such a time that there is no person who this situation would not touch in any way.
I wish you all strength, patience, and health.

[Ronyx]

The fall in prices can indeed create emotional burdens for fear of losing, and even though it is difficult, we must be able to think positively that the market will be able to recover.

[Bitcoinislife09]

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!

This is a pleasing and contenting write up. It is the truth. That we lost in long term trade today does not mean the market is nothing to rise again. We should be hopeful and full of positive thoughts now. Like me, I still believe in bitcoin halving. I still believe that this year bitcoin will still be over $10,000 again. Because investors will invest because of some certain reasons. All in my post in the link below.

https://bitcointalk.org/index.php?topic=5232054.msg54008321#msg54008321

I wrote this above thread some days ago, to let people still know that bitcoin and strong altcoins will still rise this year and next year. Do not let us underestimate the anticipatory bitcoin halving effect of whales manipulations and retail investors capital crypto investments.

People are linking the recent fall to corona virus which I believe can directly and indirectly be the cause of the recent drop. But, as bitcoin droppd 6% in January after the spread in China, bitcoin later increase to above $10,500.
So, I do not think corona virus is the only cause of crypto fall and I belive the recent fall can be a preparation to the next bull run in which whales are manipulating and price drop for other investors to sell bitcoin.

At this moment we are experiencing pandemic due to the covid 19 disease. We are experiencing crisis and it is natural that we woulf expect a subsiding of bitcoin price. The stock market is also subsiding because of the crisis. With this we must be cery careful in using our coins. In this situation while the market is subsiding there are many people who are taking advantage so we must be careful in which site we are about to invest our finances. This pamdemic can also affect the mental health of people because they are worrying on the things which may happen in the future.