Free falling Bitcoin

[traderethereum]

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 need to calm down and not panic because it is a correction that always happens to the bitcoin market.
This time, the correction happens with the bitcoin price drop, but as I said before, you do not need to worry.
It is a good time to buy more bitcoin if you have money because the price is low, and I think it will be hard to see this price in the future.
If you want to watch the price up and down without buying any bitcoin, you are free to do that.
You do not need to sell all of your bitcoin because you will regret it later, especially when the price is increase.

[JohanV]

BTCUSD down to 19800 historical trendline dec 2017 and weekly MA200 ..Hope I'm wrong for many of you..

[slaman29]

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.

Take it easy my friends. We must surely know that deep crashes are very normal on crypto and what more to say defi and alts that have been rising non stop now for a few months. This was always coming, and better it comes now and builds us a strong foundation to continue the growth rally if that is really what is coming now!

Take the dips as easy as we take the growth and we'll be fine long term.

[Yamifoud]

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.

We are now at below $40k but the market movement still unstable, we drop at $32k but for now, we even get close to $40k. I think that many investors still calm and they are not selling yet their Bitcoin, they are still holding it hoping for another ATH if the market will surge back high again. I was saying that these new sets of investors fully understand the looks and volatility of the market. And they might realize that the moment they participate in the selling, the more it fuels the downtrend.

[newwest]

BTCUSD down to 19800 historical trendline dec 2017 and weekly MA200 ..Hope I'm wrong for many of you..

Prices have started to go up now as fallen till 33k and now above 38k so good time to invest if you have some money. Doin the same and the rise could also happen quickly just like the fall to an extent so in short term you can make some good profits like 5-10k in few hours or days only.

[proudhon]

BTCUSD down to 19800 historical trendline dec 2017 and weekly MA200 ..Hope I'm wrong for many of you..

You're not.

[kapalmabur]

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.

Hold bitcoin is only for people who buy when Bitcoin is cheap, for example when it is at the price of $ 10k or $ 20k,
of course there are many people who sell when Bitcoin reaches $ 60k, yes the profits have also been many, although many mass adoptions are reported,
will but everything can be traced, such as the declining dominance of bitcoin, this is a sign of the next downturn in bitcoin prices

[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.

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.

Do not be so hard with the guy, I know that the first time I got to see a drop in the price like that I was still relatively new to the market and I got scared as well, this is a trial by fire, you either endure it and get stronger because of it or you leave the market and never comeback, either way he is going to learn a valuable lesson about himself, I personally hope that he endures it as I do not like to see newbies coming to the market and then get crushed immediately, and if he survives this then I can assure you he will become a holder and get strong hands to the point no drop in the market will generate a reaction on him anymore.

[yohananaomi]

Hold bitcoin is only for people who buy when Bitcoin is cheap, for example when it is at the price of $ 10k or $ 20k,
of course there are many people who sell when Bitcoin reaches $ 60k, yes the profits have also been many, although many mass adoptions are reported,
will but everything can be traced, such as the declining dominance of bitcoin, this is a sign of the next downturn in bitcoin prices

if when you buy, as you say, it is still priced at $ 10K- $ 20K, and so far you haven't sold it because you want a higher price, of course it's better to hold it. because the correction is too deep, it can be ascertained that this is only the influence of bad information that is developing either it may be the influence of @elonmusk or being banned in China. we cannot conclude all of this yet, and indeed it has.

but if we believe that there will be an increase this year then we don't need to worry and stay strong in seeing situations like this, because excessive panic can make us not control ourselves and can be detrimental. believe that improvement until the end of the year can still occur and we must believe in it.

[LUCKMCFLY]

You could say that BTC is not in free fall, for now it has a price in recovery, it is going for the 9.50% recovery, but it is down much more than the 35% that many had predicted, some bears were waiting for the price at $ 27k but the smarter bought in the fall, this analysis is short-term, but a recovery trend is forming, possibly bullish:

Yesterday's growth was just a correction after a sharp dump as bulls could not seize the initiative. The weakness of buyers is also confirmed by a low trading volume, which means that they are not ready to come back to the area around $50,000.

Source: https://u.today/btc-eth-xrp-and-ada-price-analysis-for-may-21

If this continues, the trend that many expect to be bearish is further and further away.