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Author Topic: It´s not about IF but WHEN - don't panic  (Read 575 times)
rdluffy (OP)
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March 16, 2020, 06:51:56 PM
Merited by LFC_Bitcoin (1)
 #1

Guys, how many times BTC faces a lot of problems, and there´s always people saying: BTC is scam, BTC will reach zero, BTC is over, BTC is dead?

And every single time BTC rise and stay relevant

So it´s just a question of time, if you have money, buy BTC and wait, just wait
If you have BTC enough, just hold

We have been through MANY situations like this.
Why would that be the last?
So it´s just a question of TIME, soon or later we'll see green candles everywhere

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March 16, 2020, 08:06:22 PM
 #2

Guys, how many times BTC faces a lot of problems, and there´s always people saying: BTC is scam, BTC will reach zero, BTC is over, BTC is dead?

And every single time BTC rise and stay relevant

So it´s just a question of time, if you have money, buy BTC and wait, just wait
If you have BTC enough, just hold
This is part of the speculation, nothing is unnatural after all. We are part of decentralized network, any move matters, and so the speculators need to move for them to affect us we have FOMOs, FUDs even after a decade of excellence, why? coz we need it. Imagine if we are all just silent waiting for the price to rise yet no one is interested to start the elevator. The price depends on the core of speculation and this is what keeps the bitcoin alive until today. All we need to do is to think smart, analyze the situation and know when the perfect time is, keep the hustle.

We have been through MANY situations like this.
Why would that be the last?
So it´s just a question of TIME, soon or later we'll see green candles everywhere
Are we going to have a pump? most of the people asks, well my take on this is we're going to get it after the crisis ends or after the halving but one thing's for sure bitcoin won't die.

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March 16, 2020, 08:27:46 PM
 #3

During this decade, there were a lot of storms coming, the market was ravaged, but the situation improved with the changing circumstances when there were good news and support for other factors. When BTC falls it is said to be a scam and it dies, when BTC goes up it says bubble, awry, right? That is the view of people who don't like crypto or don't fully understand BTC, in my opinion, they are unlucky because they can't enjoy the opportunity to get profits from crypto, too bad. For those who understand crypto ecosystems, ups and downs in prices are normal, even in extreme circumstances. Always trying to adapt to the situation, for example at the moment when red candles are everywhere, this is an opportunity to add assets, although at high risk but also has the same high chance when there is a bounce, prices go up. There is a risk not to be feared.

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March 17, 2020, 01:16:09 AM
 #4

Weak hands + worldwide crisis = panic selling? That wouldn't be the cause for real believer of Bitcoin would do but rather take it as an opportunity to get some bags because of the cheap price. 1btc = 1btc nothing more nothing less hoping that sinks in to these weak hand investors or should I say retail investors.
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March 17, 2020, 03:13:19 AM
 #5

Just don't forget that that past performance doesn't guarantee future results. Don't buy like a maniac and neglect risk management when there's a lot of blood in the street.

1btc = 1btc nothing more nothing less hoping that sinks in to these weak hand investors or should I say retail investors.

I think it's better to call them 'speculators'.

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March 17, 2020, 04:21:35 AM
 #6

Surprise surprise, most people are only buying in for short term gains and to get-rich-quick. Bitcoin wouldn't be this volatile if most people weren't focused too much on the short-term. This is the exact reason why both price drops and price rises are over-exaggerated. Too much panic fomo and panic selling.

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March 17, 2020, 04:25:55 AM
 #7

Just don't forget that that past performance doesn't guarantee future results. Don't buy like a maniac and neglect risk management when there's a lot of blood in the street.

That's why you only invest what you can afford to lose. You are right that past performance doesn't guarantee future results but most of the time, Bitcoin rose from dips like this. Checking the history wouldn't really consume your time that much.

The risk is always there, you just have to calculate it to yield a better result and there's no better time to invest than a risky dip when you are thinking long-term.
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March 17, 2020, 04:30:51 AM
 #8

Why would that be the last?

Because people think that Bitcoin is a scam.

They think Bitcoin is just being manipulated by whales so that they can earn profit and if they had enough of it, they will be selling all of it and it will just go to being no value at all losing the money they've invested in it. Bitcoin is volatile, it can also be affected by a lot of other things that are happening in the world, like now where it is affected by the pandemic that is happening. If you have weak hands, better choose other assets to invest in to, Bitcoin and cryptocurrencies are not for you.
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March 17, 2020, 04:34:17 AM
 #9

Yes, just hold - didn't we invest the invest we can affort to lose, Its not like we need the money now withdraw, If we wait patiently the benefit we're about to sow is more than what we're expecting.

This isn't the end of BTC. Take my word for that.
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March 17, 2020, 04:48:08 AM
 #10

HODL only what you can afford to save, dont put all your hard earned money in btc, thats where the panic starts when you dont have nothing to eat because of what you did. Invest intelligently and believe that bitcoin survived hundred times a hundres times.

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March 17, 2020, 04:50:53 AM
 #11

The biggest economic crisis in the history was in 2008. Bitcoin came into existence in 2009. 2020 the world is on the verge of economic crisis similar or bigger than 2008. If Bitcoin is able to survive this situation then it will be immune to any situation happening in the outside world.

In my point of view it is too early to come into any conclusions now about the existence of Bitcoin.

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March 17, 2020, 04:55:32 AM
 #12

Bitcoin has proved itsellf worthy of our trust, we don't really have to be scared that we will sell our bitcoin because of the pandemic, instead of panic selling just hold you bitcoin and pray that this crisis will be averted. Panicking will cause people to think irrationally, dont be one.

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March 17, 2020, 04:59:34 AM
 #13

Most of the investors in Bitcoin are here for becoming quick rich and that's the problem. They do not anything about bitcoin but it is a money making machine. When due to higes volatility, the price changes significantly, they just become panic and start to sell. In the long run, this kind of investors lose the most and start to blame bitcoin as scam etc.

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March 17, 2020, 05:11:24 AM
 #14

Well that is how a typical beginner should react, if they see that the bitcoin is going down, especially if it reaches about 3,000 US dollars, they get panic and thinking that bitcoin will end, they are thinking about that even they know about the volatility of different cryptocurrency, changing  of price of the bitcoin is really normal so we should not be panic if the bitcoin is going down, the best thing that you should do if the bitcoin is still going down, you should hold your bitcoin make investments or if you have coins, you should buy bitcoin because for sure if the bitcoin goes high or increase again, you may earn so much money.

Do not panic when bumping of bitcoin happens, instead of being panic you may invest your BTC to earn money.
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March 17, 2020, 06:16:09 AM
 #15

You're right, but the situation is different. nowadays people talk about viruses that make people panic to take back their assets. but you're right, no matter what the conditions are if it returns to normal, bitcoin prices will recover. however, I also target bitcoin. if there is a chance I will gather as much as possible for now.

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March 17, 2020, 07:25:44 AM
 #16

Bitcoin will survive in these situations, although many people say bitcoin will die soon. But we still have many people who still believe in bitcoin, and they still buy bitcoin every time bitcoin price is down. We need to stay calm to see the fluctuating of the bitcoin price so we can see the opportunity to purchase bitcoin at a lower price. If we follow people who panic when the market down, we will miss that chance, and we cannot make a profit when the price increase. But some people can use fluctuating of the bitcoin price by buying more bitcoin and sell some bitcoin when it increases so they can make a profit in any situation, but yes, they have good skills than the other people.

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March 17, 2020, 07:34:05 AM
 #17

They panicked and said bitcoin would go to zero or a scam, I believe if one day crypto will experience an increase again like yesterday. Maybe people who say that in order to panic and eventually panic sell, and the pope will buy it very much at cheap prices.

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March 17, 2020, 09:12:26 AM
 #18

Guys, how many times BTC faces a lot of problems, and there´s always people saying: BTC is scam, BTC will reach zero, BTC is over, BTC is dead?
Bitcoin has been announced dead 380 times already base on this site: LINK
TBH, I'm done seeing it on the internet. Bitcoin has been announced dead many times already. Fuck them all.

And every single time BTC rise and stay relevant
Bitcoin has announced "dead" 380 times and resurrected 380 times too Cheesy. Quite funny for me. Maybe Bitcoin is an immortal thing Cheesy.

So it´s just a question of time, if you have money, buy BTC and wait, just wait
If you have BTC enough, just hold
As they always say, patience is virtue. The more you wait and buy, the more profits you will get. Like you said, lets just wait and if you have spare money right now use it to accumulate more Bitcoin and not to use it for gambling purposes (not anti-gambling here Cheesy).

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March 17, 2020, 09:22:20 AM
 #19

We have been through MANY situations like this.
Why would that be the last?
So it´s just a question of TIME, soon or later we'll see green candles everywhere
You just nailed it.

People who keep on questioning the status of bitcoin don't know the history of it. BTC has been labelled dead for so many times and the present situation is no longer questionable.

It will go up in no time.



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[15.00000000 BTC]


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March 17, 2020, 12:44:02 PM
 #20

Guys, how many times BTC faces a lot of problems, and there´s always people saying: BTC is scam, BTC will reach zero, BTC is over, BTC is dead?
Bitcoin has been announced dead 380 times already base on this site: LINK
TBH, I'm done seeing it on the internet. Bitcoin has been announced dead many times already. Fuck them all.

And every single time BTC rise and stay relevant
Bitcoin has announced "dead" 380 times and resurrected 380 times too Cheesy. Quite funny for me. Maybe Bitcoin is an immortal thing Cheesy.

So it´s just a question of time, if you have money, buy BTC and wait, just wait
If you have BTC enough, just hold
As they always say, patience is virtue. The more you wait and buy, the more profits you will get. Like you said, lets just wait and if you have spare money right now use it to accumulate more Bitcoin and not to use it for gambling purposes (not anti-gambling here Cheesy).

I was looking for this website https://99bitcoins.com/bitcoin-obituaries/
380 times  Cheesy
Let's say it's the 381st death of BTC

This is a good example for us to keep believing and supporting BTC, there´s no problem with BTC, the problem is outside, everyone is suffering, nothing is totally safe right now

Guys, the fiat currency of my country (Brazil) is losing value between USD, everyday our currency is worthinhg less, so BTC for me is a great store of value, even is this crash

.
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