Angry

[TheUltraElite]

I am angry rn I knew I should execute all my crypto yesterday when China anounced ban.

Happens with the best of the traders. Important thing is that you learn your lesson from this. Governments tend to oppress crypto when it goes up and this brings the price down again, a type of feedback loop that makes the traders suffer for their euphoria on seeing high prices, I concur that this is a important lesson for everyone to know when to sell.

Of course it is never possible for anyone to predict when a country might take a negative approach to crypto but when prices are high make it a point to at least sell a fraction of your holding to cash out and wait for the drop to happen.

Now all my crypto 30% down.  and it will take 3 years to recover.

Now that is BS. Crypto can go up and down within hours. You cannot declare an absolute number like that in this market. True that price may drop even more but rise will happen with time. Three years is a long way, many more things might happen in a year.

[davis196]

I'm beginning to think that 2021 is going to be the same as 2018/2019 for Bitcoin.
The price will keep falling from the ATH and we might face a "crypto winter",just like when the BTC price was 3-4K USD,during the winter of 2019.Eventually,the market will recover for sure,after all the Elon Musk FUD madness goes away.Whoever HODLs Bitcoins for the long term will win.A lot of newbies,who bought BTC at 50K USD will lose their minds,sell everything and leave.

[CryptoWebDirectory]

The news from China does suck, but if you really believe in crypto just look at this as another set back and it will bounce back. I don't know where you got the idea of 3 years to recover from this? Look how much Ethereum is up still just over the past few months! The market was do for a correction and the news from China didn't help, but don't get angry. You just need to be patient and wait for the market to bounce back some. It sucks if you need the money, because I think at this point your better to just hold then sell at the low's we're seeing now, just my opinion..

[electronicash]

I am angry rn I knew I should execute all my crypto yesterday when China anounced ban.

Happens with the best of the traders. Important thing is that you learn your lesson from this. Governments tend to oppress crypto when it goes up and this brings the price down again, a type of feedback loop that makes the traders suffer for their euphoria on seeing high prices, I concur that this is a important lesson for everyone to know when to sell.

Of course it is never possible for anyone to predict when a country might take a negative approach to crypto but when prices are high make it a point to at least sell a fraction of your holding to cash out and wait for the drop to happen.

Now all my crypto 30% down.  and it will take 3 years to recover.

Now that is BS. Crypto can go up and down within hours. You cannot declare an absolute number like that in this market. True that price may drop even more but rise will happen with time. Three years is a long way, many more things might happen in a year.

china is the only one doing it. The banning isn't really new, its the same rules but the news media just recycled the news. countries today are more into solving covid problem than anything like currency problem. Palestine wanna solve peace in their country, not about crypto. there is just much to solve like political instability than playing around with cryptocurrency. India today forgets about cryptocurrency law but accepts Vitalik's donations which is from cryptocurrency.

actually 40% down. but its gradually growing up again. if OP had sold, he could have grown his holdings so yes he has the right to get angry at binance. or to elon probably?  

[lienfaye]

Dont feel bad if your assets are 30% down, just keep holding because it will recover for sure BUT this is only applicable for the coins with real use cases and well-established like bitcoin, otherwise you're rekt.

Op might be right about 3 years, referring to the time it took for Bitcoin to recover from the end of 2017 will the end of 2020. Nobody can say for sure whether this is going to be the case this time because for now, not enough time has passed to see the general tendency. In any case, people should be aware of the risks when investing in cryptos, and they should be prepared to hodl for years if necessary. I'm sorry that your investment is 30% down, but it's not anything out of the ordinary with Bitcoin.

I doubt it will take 3 years to recover, the situation now is different from the past. We see more adoption now and increased of users thus I think it might take shorter than usual to bounce back from bearish situation. Nevertheless no one can accurately predict the future of crypto but what im certain is, this is only temporary and we can see another recovery for the coming days, months or even it takes years.

[akiho yoshizawa]

be patient sir, maybe yesterday was not just you who had minus tens% a lot of losses from #bitcoin BTC down ,,, in bots alone there are lots of whales liquidation tens or even hundreds of dollars ,, many are fudge If you sell now, you will definitely lose the more. Hold is hard I admit ...

[elisabetheva]

I'm beginning to think that 2021 is going to be the same as 2018/2019 for Bitcoin.
The price will keep falling from the ATH and we might face a "crypto winter",just like when the BTC price was 3-4K USD,during the winter of 2019.Eventually,the market will recover for sure,after all the Elon Musk FUD madness goes away.Whoever HODLs Bitcoins for the long term will win.A lot of newbies,who bought BTC at 50K USD will lose their minds,sell everything and leave.

I hope people start to realize from the actions of an entrepreneur that we cannot really blame that the goal is none other than looking for profit in a way that can be done and what is tweeted can actually influence many crypto holders who are experienced to be trapped in that game.

entrepreneur is aiming to find as much profit as possible in a way that can influence or through the company that is used as a tool for that. I hope the awareness will be realized soon and the feared incident that will happen like 2018 will not happen and will still be able to start recovering again.
because obviously many are disappointed because the very deep correction of bitcoin occurred before the time came.

[ADCrypto101]

I am angry rn I knew I should execute all my crypto yesterday when China anounced ban.
Now all my crypto 30% down.  and it will take 3 years to recover.

China already banned it years ago...lol best fud ever

[Kong Hey Pakboy]

I think you just have to accept the loss, make conclusions and wait for a while... No one knows which way the market will go now... If down, you really better go back in a year if you can't hold your coins for long!

Easy to say when this didn't happen to you am I right? Also you have a really stupid advice, why go on a hiatus when the prices are down? You can take those time as an opportunity to accumulate more bitcoin that you will sell when the prices have gone right.

[Karartma1]

I am angry rn I knew I should execute all my crypto yesterday when China anounced ban.
Now all my crypto 30% down.  and it will take 3 years to recover.

You guys are so new here, I should very sorry for you but I can't.
I've seen this many times in the past when people where rage-quitting bitcoin when it dropped from the top anytime that happened.
Welcome to the club, try to understand why you bought in the first place, or else you shouldn't have been here at all.

[caffinated]

30% really? we dropped so much? ok ill look at selling my crypto...it'll take me a year to get off my ass to sell it though... or maybe longer lol

[bitterguy28]

I am angry rn I knew I should execute all my crypto yesterday when China anounced ban.
Now all my crypto 30% down.  and it will take 3 years to recover.

who told you that it will take 3 years? for the next halving again ? is that what you are pointing?
 if does well you are definitely wrong because the market is just having correction for the final blow.

_________________________________________________________

Best that you take a rest and for a while don't check your holdings since you are willing HODL for that 3 years time

[serjent05]

I am angry rn I knew I should execute all my crypto yesterday when China anounced ban.
Now all my crypto 30% down.  and it will take 3 years to recover.

So you are thinking that the current Bull season had passed?  And you followed the 4-year cycle?  If so you should know that the current bull season is yet finished (according to the 4-year cycle you followed).  We can say that the bull cycle will be finishing in the 4th quarter of this year.  So there is still plenty of time for BTC to rally and record a new ATH before the actual bear season comes in.

[thirdprize]

I am angry rn I knew I should execute all my crypto yesterday when China anounced ban.

Happens with the best of the traders. Important thing is that you learn your lesson from this. Governments tend to oppress crypto when it goes up and this brings the price down again, a type of feedback loop that makes the traders suffer for their euphoria on seeing high prices, I concur that this is a important lesson for everyone to know when to sell.

For what it is worth btc is down $3K on the previous day.  It is pretty much where it was before, so you have not lost that much.  Of course yesterday morning (before the dump) was down $15K on two weeks ago.  That is a different matter.

[NeuroticFish]

I can afford it just sucks  and make me angry cause it will take 6 months to make it again.

Then you should be OK. Shit happens and hopefully in 6 months you'll be laughing when you'll be thinking back.

This is the "beauty" of over-reacting. If you didn't FOMO-sell (I hope you didn't!!), you didn't lose anything and the "6 months" you were expecting have pretty much already passed, i.e. the price has already recovered after yesterday's mess.

[quocsi]

I am angry rn I knew I should execute all my crypto yesterday when China anounced ban.
Now all my crypto 30% down.  and it will take 3 years to recover.

Condolences with you. We were all surprised that the price of Bitcoin fell so quickly. The advice for you is that when participating in the cryptocurrency market, you must be quick and decisive. When you feel profitable, you have to close immediately, if you hesitate, you will lose or even lose everything. My friends have a lot of similar situations like you. If there is a profit before closing the stormy market, the loss will be heavy. You have lost 30% what a pity!

[lixer]

I am angry rn I knew I should execute all my crypto yesterday when China anounced ban.
Now all my crypto 30% down.  and it will take 3 years to recover.

Well, since you knew it that it takes three years for the price to get back up, then you should have known as well that a bull run doesn’t last forever lol. Or did you think that this bull run was going to last through out this year? It wasn’t. We have seen bull run happen over the years, what people are never going to tell you is that the price will fall, they won’t tell you that. Forget all the hype, and those saying that the price is going to reach $100,000 and all that. Of course I do know that it is very possible because of how cryptocurrency fluctuates all the time, but you can’t be so sure about it.

Maybe next time when you’re investing in crypto you’re going to be that with money you can be able to hold even when the market crashed, because that’s really important. Some people who end up selling their coins is because they are in need of money, and for that they can’t continue holding.

[tokeweed]

I am angry rn I knew I should execute all my crypto yesterday when China anounced ban.
Now all my crypto 30% down.  and it will take 3 years to recover.

I doubt it would take three years to recover from a 30% draw down.  You could make it in one.

And it’s ok..  To make you feel better, I’m also in somewhat of a rut and it could take some time making it back.  Lol.  But I’ve taken some losses before so no big deal.  The weird thing is I wasn’t angry.  I felt numb.

[yohananaomi]

I am angry rn I knew I should execute all my crypto yesterday when China anounced ban.
Now all my crypto 30% down.  and it will take 3 years to recover.

I doubt it would take three years to recover from a 30% draw down.  You could make it in one.

I think there is still a deeply ingrained optimism that it is all so common in bitcoin that bad news can always make a correction. because currently bad news is at the same time from @elonmusk and it is banned in China.
but all will be able to recover again when all can not always believe the bad news, and getting used to it that it's not everything makes bitcoin collapse.

And it’s ok..  To make you feel better, I’m also in somewhat of a rut and it could take some time making it back.  Lol.  But I’ve taken some losses before so no big deal.  The weird thing is I wasn’t angry.  I felt numb.

all can be sure to experience losses that occur because the correction movement is very fast, just like when last year bitcoin increased sharply. actually this natural thing happened but it became unnatural because all could not hold back, thus worsening the reality that did happen.
for me when there was a sharp increase and many received profits and now there was a deep correction, there were also many who lost, so actually something that is understandable and does not need to be enlarged.

[michellee]

I am angry rn I knew I should execute all my crypto yesterday when China anounced ban.
Now all my crypto 30% down.  and it will take 3 years to recover.

I doubt it would take three years to recover from a 30% draw down.  You could make it in one.

And it’s ok..  To make you feel better, I’m also in somewhat of a rut and it could take some time making it back.  Lol.  But I’ve taken some losses before so no big deal.  The weird thing is I wasn’t angry.  I felt numb.

Yes, we can hope that soon, the market will be back, and we can make a profit again, even we will make a big profit because the bull run will come back to the market.
We all have the same experience to see our portfolio is down a lot, but we need to be patient because it is only temporary. Besides that, this downtrend happens for just 2 weeks, so there is still a chance to see the bull run after this. Just be patient and wait for a while.