Free falling Bitcoin

[Armani123]

My oh my! Since a few days back my blood pressure has being spiking higher and higher, seeing the price of Bitcoin doing a freefall. I know its prudent for an investor not to panic when the market falling, but I can't help myself starting to panic. I believe that it'd be sensible for me to sell all of my Bitcoins and wait for a suitable time to reinvest.

[mk4]

If you're panicking because of price drops, you either don't know what you're investing in, or you're overly allocated.

That, or you really just don't know investing in general. Because price drops aren't out of the ordinary for literally any asset.

[OcTradism]

My oh my! Since a few days back my blood pressure has being spiking higher and higher, seeing the price of Bitcoin doing a freefall. I know its prudent for an investor not to panic when the market falling, but I can't help myself starting to panic. I believe that it'd be sensible for me to sell all of my Bitcoins and wait for a suitable time to reinvest.

The falls of Bitcoin in past several days are not freefalls. You have to define your free fall.

I'd prefer to call the fall in March 2020 is a free fall but this year, no free fall has yet appeared. In 2020, people were uncertainty about the bottom of Bitcoin, the probability for Bitcoin to touch the 2017 all time high and more. Many other doubt with serious uncertainty in 2020.

This year, the bull market has its time to cool down hot and greed heads. Corrections are not equal to free falls.

[gabriela1999]

The market cannot grow forever. Even securities or gold, real estate .... there must be an increase and according to the cycle. When the Bitcoin price decreases what I see with professional traders they often divide the amount of capital to buy in different levels and start long-term Hold instead of selling off their property in the falling market.

[amishmanish]

--snip--
That, or you really just don't know investing in general. Because price drops aren't out of the ordinary for literally any asset.

MK, Isn't it a bit wrong to suggest that investing entails that any other asset will have similar price drops?

Bitcoin is unique in that it tends to go through these phases of FUD and potentially huge drops. The most recent FUD is sponsored by Elon Musk and his band of followers who have bought into DOGE. Everytime this happens, the Bitcoin community of devs and creators end up proving that Bitcoin is indeed irreplaceable as the sound money for this whole crypto ecosystem. That is when people come rushing back in and these drops are reversed.

So, rather than just seeing this as a basic investment faults, newbies should be encouraged to research the history and fight the FUD.

[Argoo]

My oh my! Since a few days back my blood pressure has being spiking higher and higher, seeing the price of Bitcoin doing a freefall. I know its prudent for an investor not to panic when the market falling, but I can't help myself starting to panic. I believe that it'd be sensible for me to sell all of my Bitcoins and wait for a suitable time to reinvest.

It is now too late to sell bitcoin when it has dropped in price to the current $ 43,000. It is foolish to sell when it has already dropped so much. Now has come a period of great correction, which many have been asking about for a long time. Perhaps it will drag on for the whole summer or the market will recover in one or two weeks. It will be seen over time. However, the next wave of growth is sure to come, and we will surely see it this fall.

[lienfaye]

I believe that it'd be sensible for me to sell all of my Bitcoins and wait for a suitable time to reinvest.

How much is the price of bitcoin when you invest in it? Because if you will sell at loss now, its just shows you only waste your money for investing in crypto since you're not prepared for times like this.

Its quite normal to have worries if the situation is not what we expected it to be. However if you take time learning about how crypto works (the moment you first invest) and aware of the possible scenario that can occur then you're not going to panic. For most of us the best decision now is to hold and take advantage the correction to buy more. Thus think whats more beneficial for you to avoid having regrets.

[aoluain]

Anyone who has been into Bitcoin since at least 2017 will be familiar with the
current trend. What is going on now is just a correction, its normal and it happened
in the 2017 bull cycle too, yet here we are in 2021 up at $45,000 - what does
that prove?

OP has to realise we may go lower but in a few weeks we will be leaving these
"low" $ values behind.

Dont be weak and sell now for others to buy your Bitcoin cheaply - HODL

[ChiBitCTy]

My oh my! Since a few days back my blood pressure has being spiking higher and higher, seeing the price of Bitcoin doing a freefall. I know its prudent for an investor not to panic when the market falling, but I can't help myself starting to panic. I believe that it'd be sensible for me to sell all of my Bitcoins and wait for a suitable time to reinvest.

You haven’t lost anything until you sell. Once you sell you no longer have the opportunity to grow that same bitcoin value back to where it was pre-Elon nonsense. Most people who sell in down markets end up waiting too long to get back in as well, therefore the vast majority would have been far better off weathering the storm.

It sounds like your portfolio needs restructuring. I’d recommend reading my write up here (and GMaxwell’s post which is the last in the thread. Of note: he’s a legit cypherpunk/former btc Dev) - https://bitcointalk.org/index.php?topic=5288768.msg55577767#msg55577767

[pooya87]

If you're panicking because of price drops, you either don't know what you're investing in, or you're overly allocated.

That, or you really just don't know investing in general. Because price drops aren't out of the ordinary for literally any asset.

That or the price dropped and the FUD campaign begins its work on social media again with continues negative posts about bitcoin. There are 14 FUD related topics in the first page of this board alone today!

[Vaskiy]

If you're panicking because of price drops, you either don't know what you're investing in, or you're overly allocated.

That, or you really just don't know investing in general. Because price drops aren't out of the ordinary for literally any asset.

That or the price dropped and the FUD campaign begins its work on social media again with continues negative posts about bitcoin. There are 14 FUD related topics in the first page of this board alone today!

This is happening after a long. In recent months people are much positive about the crypto market and more new players got in. Now the opposite is happening, and price correction/crash is common with every form of investment. After a long this is a massive one, and this time is there any possible chances of price falling low to $25000.

[famososMuertos]

Hi,
It's easy to say, nah !! this is normal, you do not know the crypto market (!?)

But undoubtedly  it is instinct to present FoMo when that instinct is not trained for such situations and you may know it, read it, understand it but in practice you will Break mind, when faced with the reality of any bitcoin down, man it's a roller coaster ride that isn't for everyone. The first trip is always the hardest

One thing is to read the historical data of bitcoin and another is to live them, the break of 2017-2018 is undoubtedly for those who lived it strength today.

Today you live your BreakMind, if you overcome it it will be your strength for the future.

G.B.

[NeuroticFish]

My oh my! Since a few days back my blood pressure has being spiking higher and higher, seeing the price of Bitcoin doing a freefall. I know its prudent for an investor not to panic when the market falling, but I can't help myself starting to panic. I believe that it'd be sensible for me to sell all of my Bitcoins and wait for a suitable time to reinvest.

If you are this sensitive, the best for you would be to sell and never look back.

Bitcoin price fluctuations can be wild and some just cannot handle that. And you seem to be part of that category. This means that it's better to take care of your health, even if this means you may be losing now some bucks and may be missing the opportunity for some easy money at some point in the future. Because if your blood pressure cannot handle this, it may not handle well also a (hypothetical) jump to 90k and another (hypothetical) fall back to under 50k or even under 20k.

Anyone who has been into Bitcoin since at least 2017 will be familiar with the current trend.

On the other hand, those in this market for that long will not be scared that bad since even if it falls to 20k they're still on profit. That helps by a great deal to have a certain peace of mind, no matter what happens now.

[Jawhead999]

What's the chance if all FUD in this forum were made from the Elon Musk and Tesla team Looks like many peoples want to make the price more cheap to buy every dip.

Elon musk aren't understand Bitcoin generally, how can he said Bitcoin is centralized LOL and same with those peoples who believes him. Many people didn't learn and understand first before investing, all they know is to get profit from the volatility.

I believe that it'd be sensible for me to sell all of my Bitcoins and wait for a suitable time to reinvest.

That's "suitable time" is right now, you'll regret for sell all your Bitcoins.

[lovesmayfamilis]

Patience and strong nerves characterize real investors. Ask yourself what can I do now? Selling on a fall is not a very correct action. Just get distracted. The market cannot always be growing, many were expecting a fall. Now, as Robert Kiyosaki suggests, on the contrary, is a good time to buy bitcoin. Big companies, if you noticed, keep buying. And this means that not everyone can panic and react to every word of Musk, to his regret.

[tomahawk9]

If you're panicking because of price drops, you either don't know what you're investing in, or you're overly allocated.

That, or you really just don't know investing in general. Because price drops aren't out of the ordinary for literally any asset.

My take: people, mostly newcomers, 6-months old bitcoiners or something like that, are not going mad because of the massive drop, i bet most of them are losing their minds rn cos they're starting to realize just how easy it is to manipulate the price if you're a top influecer like Elon and that's scary if you're new in the market

Sure they prolly they knew about whales, volatility and the massive swings in the price, but they probably didn't know how a few tweets can easily crash the price overnight. Not only is that actually an extraordinary event (a tweet causing a shitstorm in the cryptosphere), it's fcking insanity to new crypto investors and hodlers that such thing can happen and there's nothing we can do about it

[mirakal]

Don't panic, you can always click the sell button if you think bitcoin will drop more.
This is normal, we are not seeing a bull market all the time, a correction happened and we are seeing this kind of big dumps.

Just be patient if you are for the long term, but if you are for short-term investing or trading, betting convert it to stable coin now and just buy when bitcoin will dip more, I have a feeling it will go down further.

[mk4]

MK, Isn't it a bit wrong to suggest that investing entails that any other asset will have similar price drops?

Bitcoin is unique in that it tends to go through these phases of FUD and potentially huge drops. The most recent FUD is sponsored by Elon Musk and his band of followers who have bought into DOGE. Everytime this happens, the Bitcoin community of devs and creators end up proving that Bitcoin is indeed irreplaceable as the sound money for this whole crypto ecosystem. That is when people come rushing back in and these drops are reversed.

So, rather than just seeing this as a basic investment faults, newbies should be encouraged to research the history and fight the FUD.

This really isn't anything new with investing in general, because FUD and huge drops occur in certain stocks as well. Just a lot less compared to BTC. It's just that the negative press comes in different shapes and sizes; whereas in this case, Elon ends up being the culprit.

[zanezane]

Don't panic, you can always click the sell button if you think bitcoin will drop more.
This is normal, we are not seeing a bull market all the time, a correction happened and we are seeing this kind of big dumps.

Just be patient if you are for the long term, but if you are for short-term investing or trading, betting convert it to stable coin now and just buy when bitcoin will dip more, I have a feeling it will go down further.

Alternatively, they can press the buy button now that the prices are going down and it will be much better for the long-term hodlers since not everyone has a strong hands in terms of hodling . I don't get how people have been advised for a long time about being patient but they still don't do it, makes me wonder how stupid an average person is.

[slaman29]

If you're panicking because of price drops, you either don't know what you're investing in, or you're overly allocated.

That, or you really just don't know investing in general. Because price drops aren't out of the ordinary for literally any asset.

I never did understand how people who call themselves full time traders or pro traders panic. If you're pro, you're stop lossed. You know where exactly you enter the market, and where exactly you exit, and you have different stops for both sides of the sell and buy, and allow the market to settle those things for you.

Speculation is not investment also, not necessary anyway.