Angry

[o48o]

Now its the bear market and it follow 3 years cycle to recover.
We will see now decline every day.
BTC will retrace to $20k.

This isn't necessarily true. We were waiting for this cycle to be longer too, bear cycle could be short as well, if everyone is trying to follow same pattern it usually fails at some point when people try to bit on the same time to make maximal gains. Cycle lenght is broken and there will be other models then s2f

[The Sceptical Chymist]

You must be a newbie probably. Just HODL and you will be fine. Crypto is not a get rich quick scheme as many think lately.

OP has got to be a noob and probably is in this for short-term profits, just like a lot of people are.  I'd imagine that most newcomers to crypto (as in the ones who started this year) see bitcoin as a get-rich-quick scheme, as they've seen others actually get rich quickly--it certainly can and does happen.

I'd suggest to OP that a 30% drop in the price of bitcoin doesn't at all mean that it's going to take years to recover.  Just take a look at bitcoin's 10-year price chart and you'll see how many times it's dropped 30% or more in a matter of days and how many times it's rebounded quicker than any stock would had that stock experienced the same drop in value.  That's how bitcoin is; it's resilient, and I don't think the bull market is over quite yet, despite the huge correction we just saw.

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

A recovery from a 30% decline could take way less than a year.  It just depends on market sentiment, and I haven't seen any really bad news that would indicate that we're in for a sustained bear market.

[wxa7115]

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.

Why should it take so long for you to recover your money? Even if your post is short it seems to imply that you are a trader right? If that is the case you can also short the market and earn profits while the market is going down so I do not see the problem.

The only way this could be true is if you decide to keep holding your coins and become a long term holder, however I am not so sure this is a good idea since you are not entering the market with the conviction of a long term holder, you have been forced in that position by your trades and your inability to cut your losses and that is always a difficult situation to find yourself to be in.

[gabbie2010]

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!

The OP never believe in cryptos and had never bother to check the price history of it, imagine predicting a whopping 3 years price recovery, he has totally given up hope of quick price recovery whereas the price can pump within a month to regain his lost coins, infact presently the had reached bottom and a possible price recovery is imminent the bulls are gradually started entering the market.

[milewilda]

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.

How did you know that it would take 3 years for it to recover? If you do try to look at on the current price then its starts to climb up again going to $40k, yes it might not be that high
but at least we are seeing some progress which this situation wont really be the same as we do look wayback into that 2018 crash of price where it did take a couple of years
for us to see some significant rise or recovery but lets hope that the situation wont comes even more worst on upcoming days or months and lets hope that the
market will really be showing off some recovery and thinking that you arent the only ones who got wrecked or does have that kind of problem at the moment.

[tabas]

3 years? that's a joke. Maybe you should really have should at the top but you've probably thought that there's going to be more top with what bitcoin has reached.
Don't get mad when the market corrects, you're likely to sell at losses when you can't control your emotion.

[Gozie51]

Op don't need to be angry because you are waiting for more tops in gain but that is the nature of cryptocurrency investment. Many have the experience from this kind in the previous years just like you have yours this year. Hope you are going to learn during the next bull run.

Crypto is not a get rich quick scheme as many think lately.

Sorry it is if you know the way. Many investors have cashed big money during this few months of bull. Almost all coins overtook ATH of the previous and that is profit for people who dumped. It is a get rich scheme sure, only if you identify. Hodling don't give you such profit but trading is surely a good ride to profit.

[OgNasty]

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

You cannot change the past, but you can change your attitude.  There is no point in being angry over something that did not happen.  If you live your life this way you will mostly certainly make yourself and those around you miserable.  Instead of being negative over things that didn't happen, try being positive about what does happen in your life.  Money isn't everything and it won't solve any of your problems no matter how much you think it will.  Better than having a million dollars is having a positive attitude that breathes life into those around you.  Maybe investing in crypto isn't for you and your time would be better spent enriching the lives of those around you.  Something to ponder...

[stomachgrowls]

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.

Dont blame yourself and its better to move on rather than making yourself keeping on regretting on why you hadnt able to secure your profits before the news.Situations like these could happen from time to time

and if you are just new into this market then better brace yourself into countless situations or events like this that could happen which might result into neither be pumping or dumping into the price.

Market is highly reactive to sentiments or news that floats around and its part of your analysis neither you should take actions on this or would simply ignore it. Dont get angry but rather take this

as a lesson that will help you to mold up yourself to be a better investor because once you had gained that experience then you would know on what would you do in next events that might possibly happen.

[famososMuertos]

I have seen many Shitcoin holders complaining about the current situation, but if you are holding shitcoin, you should have had Doge so this Meme is saving the season to many despite the actual down, that in reality it is not so tragic, if you have time In the market shitcoin in fact there are still profits in ETH.

Two or three years, it is an uncertain time for a market in which maybe some tokens it does not increase its price and stay stagnant between 3 and 7 decimals ($) even in more time.

But the important thing here is that if you do not compensate your lost with the winners of this year despite the current situation, something you are doing wrong.

 

[Wilhelm]

No parabolic phase....
Can only mean one thing...
It’s a correction....

Haiku?

[TheUltraElite]

3 years? that's a joke. Maybe you should really have should at the top but you've probably thought that there's going to be more top with what bitcoin has reached.

Even self-proclaimed analysts give a wide "Disclaimer" before giving their analysis. Three years is a long time, a lot can happen in between. But it is true that those who became euphoric after the last few years of bear trend made a mistake not to sell at the top.

Don't get mad when the market corrects, you're likely to sell at losses when you can't control your emotion.

I hope the OP learnt some lessons from this mistake and takes the time to read these messages to get a better insight on when to buy and when to sell. Holding too stubbornly also has a negative impact on the mind. You need to sell some at the top and use that money to buy back at lower price. Not being a part of this cycle makes you feel bad about your investments. I dont believe the OP is one of those who can sail through such emotions easily.

No parabolic phase....
Can only mean one thing...
It’s a correction....

Haiku?

Getting some Ghosts of Tsushima vibes there. Lets see how this turns out. Keep both fiat and BTC ready to use and you should be able to make profits of the market changes.

[Ararbermas]

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.

are you serious 3 years to recover? Lol seems you're one of those ppl who's saying crypto currency is dying and there's no way for it to last. No offence mate but where did you get that mindset? Did you how this things really work or you're just spreading nonsense here like what fuds doing..  Try to make some research first and educate your self maybe it can help and enlighten you.. Lol

[elisabetheva]

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.

All investors should not need to be affected by bad news like this because everything must be sure that it will run normally again, but everything will fall apart because all cannot resist doing something that can make the price corrected.
let this be a lesson for the future.

No need to be angry because this is a common thing, I am concerned about this incident because many have suffered losses and not only you, but what you say about growth takes 3 more years seems too much.

are you serious 3 years to recover? Lol seems you're one of those ppl who's saying crypto currency is dying and there's no way for it to last. No offence mate but where did you get that mindset? Did you how this things really work or you're just spreading nonsense here like what fuds doing..  Try to make some research first and educate your self maybe it can help and enlighten you.. Lol

yes, it looks like our colleague are overly, ensuring that it will take 3 years for recovery, if he looks at developments in the past that actually now is indeed the time for crypto to improve and it will still take quite a long time, because it is estimated that the actual increase will occur at the end this year. we are prepared to see it and must be with conviction.

[lionheart78]

3 years? that's a joke. Maybe you should really have should at the top but you've probably thought that there's going to be more top with what bitcoin has reached.

Even self-proclaimed analysts give a wide "Disclaimer" before giving their analysis. Three years is a long time, a lot can happen in between. But it is true that those who became euphoric after the last few years of bear trend made a mistake not to sell at the top.

Possibly he is basing his prediction on the cycle introduced by Bob Loukas.

Don't get mad when the market corrects, you're likely to sell at losses when you can't control your emotion.

Or possibly organized dumb to manipulate the price and buy at a huge discount. The market is always subject to HYPE, FUD, and market manipulation.  This kind of dip and continuous bad news on the cryptocurrency market looks well planed.

[Inspiron14]

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.

too bad you follow panic sell? If you follow that you can be frustrated mate, my advice if there is a dump again,
don't panic, analyze it first so you don't experience big losses, my strategy when the dump occurs is CUT LOSE,
not panic sell, and buy back when in the support zone

[Hamphser]

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.

too bad you follow panic sell? If you follow that you can be frustrated mate, my advice if there is a dump again,
don't panic, analyze it first so you don't experience big losses, my strategy when the dump occurs is CUT LOSE,
not panic sell, and buy back when in the support zone

One of the main things on why people do panic sell is that they do think off that the market would comes to zero without even thinking about the probabilities of
recovery which do eventually happen after a market correction because it wont really be having the same direction to remain like forever.There might be some

long bearish run but there would always be a recovery after that so people should really think up about that situation and instead they would really be seeing

this as a good time or opportunity to buyback rather than making yourself regret and just missing out the opportunity.

[irsykes]

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 think it wouldn't need 3 years to recover. Maybe soon or maybe in this year you will get at least your ROI back. If you still hold bitcoin i think you shouldn't need to be worried because i think a lot of people did same things too. As long you follow the rules about always use money that you at least afford to lose, or maybe not to be used as daily needs as investment, you should be ok then.

[justdimin]

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.

Honestly it would be weird what you said to be true. If you have bought bitcoin 3 years ago (or any other crypto) it would still be in a huge profit even at the bottom a week ago because everything they are doing is not that difficult at all, the prices are still quite high and that is why I do not think that there is nothing that could be true about you said. This is why I think there is something wrong with the calculation probably. You said "it took 3 years to recover" and that sounds like he got in 3 years ago, that is why I said it would be impossible.

Even at the highest bitcoin it was 20k and its still above, eth was 1500 at most and higher, bnb was 40 bucks at most and still higher. Basically everything is higher than 3 years ago so that is why you could be saying something wrong or making a wrong calculation.

[wxa7115]

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 think it wouldn't need 3 years to recover. Maybe soon or maybe in this year you will get at least your ROI back. If you still hold bitcoin i think you shouldn't need to be worried because i think a lot of people did same things too. As long you follow the rules about always use money that you at least afford to lose, or maybe not to be used as daily needs as investment, you should be ok then.

If the bull market is not over as many people think then he could even recover his money in a few months but that will only be true if he decides to hold his coins, something that may not happen especially if he is as angry as he says he is.

This should be a lesson to all of us, when engaging in an investment or a trade then it needs to be done without using your emotions at all because if that happens then you are bound to make mistakes that will cost even more money than any drop in the market could cost you.