Free falling Bitcoin

[int03h]

Bitcoin's price drop has been predicted by traders. We should accept the truth and have a reasonable way to adapt to the market to survive and be profitable.
Bitcoin is in free fall, at some point, it will stop falling and rise again. I don't worry much about the market because I know how it works and takes risks in trading.

[cryptoperkele]

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.

What do you think is "a suitable time"? Because you need to have a plan, otherwise you'll end up selling at the bottom where you have the highest angst. This is not a financial advice but i think that this is the correction we have been waiting for. And it's much more profitable to buy the dip then chasing it late every time it goes back up.

[tabas]

Don't look at the daily prices. That will only push you to dump all of your bitcoins because your having an emotional panic and that's really normal if you've experience this for the first time and you're not used to it. In the beginning, what did you planned? are you a short term buyer and you've planned to sell it whenever you get 5%-10% of profit? don't panic or else you're just going with the market with your FOMO and panic which will lead you to more losses and will eventually make you quit.

[quocsi]

Right. Bitcoin is in free fall. Bitcoin value is going low during this period. Is there something unusual here? You should exercise caution when investing in bitcoin at this time. Due to the impact of the world economy, the covid 19 pandemic is breaking out strongly globally, especially in Asia. It has had a dramatic impact on the bitcoin value. You should ensure your safety during this time.

[Iranus]

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.

Real bitcoiners never panic when the market is falling, it is newcomers who are doing panic selling during a sudden correction. Real bitcoiners are happy when the market is dumped because the market gives new buying opportunities at the time of dumping. Also, professional traders & swing traders are fixed the part of their profit and waiting for a big correction, A hard bounce from 42000$ is giving a reversal signal now, I think now it is a great trade opportunity for new comer.

[acener]

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 couldn't be help specially if you're new in crypto investment or you invested too much in it.
Either way if it is causing too much stress that is affecting your health I suggest to take a break from it,
You could earn the money but your health is more important than it.
You would either get use to it because having a price drop is normal in crypto or just invest what you really could afford to lose don't invest too much if you couldn't handle it.

[Shasha80]

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.

Real bitcoiners never panic when the market is falling, it is newcomers who are doing panic selling during a sudden correction. Real bitcoiners are happy when the market is dumped because the market gives new buying opportunities at the time of dumping. Also, professional traders & swing traders are fixed the part of their profit and waiting for a big correction, A hard bounce from 42000$ is giving a reversal signal now, I think now it is a great trade opportunity for new comer.

Our goal is to invest in Bitcoin to make a profit, so when the Bitcoin price falls don't panic and sell it. Better HODL our Bitcoin than to sell it now,
even if we have extra money, it can be used to buy Bitcoin again. If we want to sell Bitcoin it should be when the price is above $ 60k,
selling Bitcoin now in my opinion is not a good decision.

[slaman29]

Don't look at the daily prices. That will only push you to dump all of your bitcoins because your having an emotional panic and that's really normal if you've experience this for the first time and you're not used to it. In the beginning, what did you planned? are you a short term buyer and you've planned to sell it whenever you get 5%-10% of profit? don't panic or else you're just going with the market with your FOMO and panic which will lead you to more losses and will eventually make you quit.

Don't even look at weekly or monthly prices. They're all a waste of time in the long term, or even in the medium term. If you're into Bitcoin then you must know this lasts in repeated cycles, with very little time spent in the top and most of it spent in the bottom, and in between all kinds of high extreme volatility.

Just chill and live life normally.

[molsewid]

Right. Bitcoin is in free fall. Bitcoin value is going low during this period. Is there something unusual here? You should exercise caution when investing in bitcoin at this time. Due to the impact of the world economy, the covid 19 pandemic is breaking out strongly globally, especially in Asia. It has had a dramatic impact on the bitcoin value. You should ensure your safety during this time.

I agree with you that bitcoin is in free fall currently. There is no unusual I guess since it's normal in bitcoin to change it's value. The only unusual is the duration, I observed the fall is quite long. I'm from asia and right, this pandemic really hits us hard economically and up until now our country is not recovering. It's not the right timing right now to invest in bitcoin here in us. All asians should be extra careful during this time.

[Yaunfitda]

Right. Bitcoin is in free fall. Bitcoin value is going low during this period. Is there something unusual here? You should exercise caution when investing in bitcoin at this time. Due to the impact of the world economy, the covid 19 pandemic is breaking out strongly globally, especially in Asia. It has had a dramatic impact on the bitcoin value. You should ensure your safety during this time.

I agree with you that bitcoin is in free fall currently. There is no unusual I guess since it's normal in bitcoin to change it's value. The only unusual is the duration, I observed the fall is quite long. I'm from asia and right, this pandemic really hits us hard economically and up until now our country is not recovering. It's not the right timing right now to invest in bitcoin here in us. All asians should be extra careful during this time.

Just another bump in the road. So expect the unexpected, we thought that we will see a new all time high this May, but so far the market turns bearish. But it doesn't mean that we are not going to get into 6 digits at the end of the year. I still think that we are still in the bullish cycle, we just hit a big wall and then a lot of negative news as of late. Just be careful though, as Asia is really hit by the second wave and hopefully everything will be ok.

[Saisher]

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 have the wrong attitude on investing in Cryptocurrency, you have been warned to only invest what you can afford to lose, and never take a loan to invest, people who are not comfortable with their investment will show sign of anxiety, if you want that anxiety stop, then start selling, it's better to lose and have a peace of mind.

[uneng]

Crashes in price are the worse trap for new investors. I believe their impact is even worse than scam offers for investors who lack experience in the market, as they cause a more severe damage on investors' psychological and for many it's the end of their investments in crypto, losing the long run profitability of bitcoin, as we have already seen in past years investors acting like this.

Yesterday the news said fearful and scared new investors were already selling all their bitcoins due to the crash in bitcoin price, while older investors were already buying these bitcoins, because they know it's a great opportunity to collect more bitcoins for a good price. So, don't panic, never.

[LUCKMCFLY]

It is not that he is in free fall, although we remember what Brandt the Bitcoin investor said that it could be that the price fell by 35%, which for him was something very natural, and that's right, in a market this type is normal correction, in a Cointelegraph analysis they were very accurate about it:

However, the bulls are unlikely to give up easily. They will try to stall the decline in the $43,000 to $40,000 support zone but if they fail, the decline could be sharp.

Source: https://cointelegraph.com/news/top-5-cryptocurrencies-to-watch-this-week-btc-xrp-dot-xlm-sol

It is necessary to highlight that the price of Bitcoin has shown some recovery, at any moment we can see the price in green again ...

[worle1bm]

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's not the only case with Bitcoin as price dips are very normal in this crypto market and we have seen worse than this.Panic selling is just for weak investors.

So what I want to say is that fiat has lost its value much higher compared to bitcoin with rising inflation and its robbing you day by day but nobody utters a word about it? Bitcoin on the other side which is deflationary witness some normal dips and correction then new investors blood pressure tends to rise so easily.Imagine you have saved $1000 in 2010 and now that would have valued to $100 only compared to inflation rates and same investment in Bitcoin would have turned to $35 million today!!! Just imagine the returns and try to remain calm instead of eroding away with FUD in the market.

[Silberman]

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 up to you what you do with your money, however something that is not mentioned a lot but that is really important is that there are days in which it is better to not trade or even take a look at the markets and just go outside and do something else with your time, if you keep staring at the charts when the market is going down you will get the symptoms that you are referring, it is because of that many people give up trading even when they are winners as it is impossible to deal with the pressure for long.

[jaberwock]

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 have the wrong attitude on investing in Cryptocurrency, you have been warned to only invest what you can afford to lose, and never take a loan to invest, people who are not comfortable with their investment will show sign of anxiety, if you want that anxiety stop, then start selling, it's better to lose and have a peace of mind.

Interestingly it is neither about money you can afford to lose, nor about taking a loan, nor about anything financial, it's all about the person who trades/invests and as long as they are good, they are good. For example, I have a friend who is super super rich, and he invested over 2 million dollars into crypto and now has about 800k, all because of his own mistakes, of course that was a "small" amount for him, even for him it was a decent amount and he got upset over it, but it didn't change his life, he could afford losing that much and still live the same life.

I also had a friend who had 4k dollars when all this started, he has over 120k now thanks to all the smart decisions he made. Both of them are smart people, one of them is smart enough to have 2+ million dollars just to invest, and the other is smart to get 4k to 120k, but investing requires different mindset.

[Hamphser]

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're fully aware but still you do end up on considering on panic sell and wait up for the right or suitable time? If i were you then its better not to see the market or check out often

because the more active you would be checking out the more emotional you would be.If you are really going for long term with Btc then wait up for the recovery because bitcoin

had already proven out on reaching new points unexpectedly.As a human being i do understand that not to panic is really hard to sustain in one self when you do saw your portfolio
is falling down or in negatives.

[Oasisman]

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.

Why reinvest when you can hold and accumulate more Bitcoin during the dip?
I'm not sure what's your target, but I guess your target hasnt reached yet because you weren't able to sell at $60,000+. So, again why sell, when you can hold and accumulate more during the dip and reap all your ROI once you hit your target in the next bullrun (though we're not in the bear market just yet).

It would be more sensible If you keep calm and accumulate. If you're not yet aware, Bitcoin is such a highly volatile asset that it could literally jump a few thousand dollars in 1 day, and this kind of "free fall" you said is just a normal price movement. You can't expect Bitcoin to keep rising and rising every single day. Corrections and dip are inevitable because some are selling at a certain point of Btc price.

[STT]

I still rate this as a normal adjustment in BTC and its not out of the ordinary to occur, it might not be a sunny day but thats to be expected after such rises.  It can recover to higher prices, it will take time to do so.

We are bearish while closing below the Feb lows like this, on the daily right now and also see the end of this week for further reference.


We haven't reached the 200 day average (41k area is closing Jan price) and to do so is just an expected event, when it happens wasnt known but sooner rather then later appears correct for now.   It would be a desert if it was only ever sunny days :p   Avoid being one sided or short term in outlook, lower prices can encourage some to enter the space who would not otherwise during non stop higher price tag increases.

Im going to throw down a larger chart, because people dont like me chopping off dates but also its a larger move so Im surely allowed in proportion; this is the correct perspective

[magneto]

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.

Lmao, this post is like the embodiment of weak hands. Not even a -30% dump and already panicking like crazy.

You should be honest with yourself in terms of why you're holding bitcoin in the first place. If you can't answer that honestly, or if your answer is merely to make money in the short run, then I do think that right now is probably a great idea to cash out.

That's not to say that BTC won't go up in the long run - it is almost guaranteed to, but if you don't have a valid investment objective to begin with, you're simply going to panic sell when you get an even worse price following a dump.