Crypto is here to stay, do not panic

[int03h]

It is best to be brave, it is better to wait than to lose money. Many people have chosen to be traders instead of holders so they suffer losses. Many of them want to get rich quickly by borrowing money and participating in crypto games. People are greedy and ignorant and end up empty-handed. I think the high-ranking members of this forum have been through bear markets many times so they understand the market. Panic doesn't help much so hold and buy at the bottom.

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[Pmalek]

Bitcoin as the only decentralized currency will stay.

Here is a snapshot from Coinmarketcap from May 2013. This is to show how much has changed when it comes to altcoins only by looking at the top 10.

Bitcoin was always #1. But look at the other coins in the top 10. We have Litecoin. at#2. Fair enough, they are still around.

After that we have:
- Namecoin - down +80% since its ATH.
- PPCoin or Peercoin - down +85% since its ATH.
- Novacoin - dead or no liquidity.
- Devcoin - dead.
- Terracoin - down +96% since its ATH.
- Feathercoin - down +98% since its ATH.
- Freicoin - down +97% since its ATH.
- CHNCoin - dead.

[traderethereum]

Newbies do not panic, china have banned crypto up to 5 times since 2012 already and look around you, all those countries that put ban on crypto are the ones with people buying crypto the most, for example Nigeria and india there is no reason to panic because of China ban, also I would like to tell you guys that BTC have died too many times before, this is a prove that crypto is here to stay

You can say that to newbies because they do not have much information about the bitcoin volatility and can panic when the price is down.
It is interesting to see that the country that bans crypto is the country that buys crypto the most, showing us that people in that country do not fear or worry about the prohibition.
Bitcoin will be still with us and will attract more people to join bitcoin.
I think people who invest in bitcoin already see what bitcoin can give to them, so they decide to invest in bitcoin and hold it because they know bitcoin can give them a big profit in the future.

[Ceyflix-Rez]

It's normal for BTC to drop before making new highs. Just hold and enjoy the ride

The question is for how long does one need to wait? You understand the feelings of going to your wallet and seeing your money on losses for a longer period of time. For instance you hold to sell in 90days, but by 75days you enter into losses that seems irreparable within the next 60days.
So, it is not as easy as you think to just hold on.

You are simply asking a question that only you can answer, do you need anyone to tell you when you have to sell your coins? It's your fault if you already make huge profits and failed to take the profits, that's example of been too greedy

[sapnu]

Newbies do not panic, china have banned crypto up to 5 times since 2012 already and look around you, all those countries that put ban on crypto are the ones with people buying crypto the most, for example Nigeria and india there is no reason to panic because of China ban, also I would like to tell you guys that BTC have died too many times before, this is a prove that crypto is here to stay

Bitcoin has been discriminated and doubted over the years yet it was able to stay on top regardless of the issues it has faced. For those people who sold during the red market, they will surely experience regrets if ever bitcoin or other crypto suddenly recovers. China might be considered as big factor in crypto but still there are other countries that affects crypto much more than China does. Crypto is indeed here to stay, we should always have faith on crypto considering the achievements it was able to make over the years. Make sure that all the things you do will not lead you to regrets.

[worle1bm]

Newbies do not panic, china have banned crypto up to 5 times since 2012 already and look around you, all those countries that put ban on crypto are the ones with people buying crypto the most, for example Nigeria and india there is no reason to panic because of China ban, also I would like to tell you guys that BTC have died too many times before, this is a prove that crypto is here to stay

With Bitcoin adoption at large scale by masses and government across the globe the survival chance of Bitcoin as a cryptocurrency are way too higher than the other ones in the market or so called Altcoins due to zero development,no utility, centralized system.Bitcoin will witness huge growth and stay here until a coin with some more technical upgradation replaces it in future.Nothing is permanent like who thought in the past fiat will loose it's share to digital payments and then decentalized currencies like bitcoin will also be used.So we can't say who stays forever but yes Bitcoin have a long future ahead.

[Alisha-k]

In as much as digital currency is taking over the transaction sector and diverse coins are emanating we can't say that all would be relevant most of this coins would likely not have value any time in the future. Doing a person research before acquiring a coin should rather be the major concern for all investors.

[Taskford]

Actually people are not panicking about bitcoin will gone they only confused to see the price of it dumping badly and to cut the bleeding people execute theie sell orders and cry about their losses n their social media accounts.

But if we talk about bitcoin and crypti will stay, its not a surprise since bitcoin already gain its spot economically and bitcoin dissapearance/vanishinh is almost impossoble to happen since we know many people supports it already and I'm sure the government will follow his citizen about its adoption.

[GoodLuckToken]

I agree. This isn't a time to panic.. The markets have corrected themselves and it may take more time to see BTC get up over that $50k mark again, but if I were talking to some new investors I would just tell them to HODL and be patient. In fact, right now is a good time to try and pickup more if/when possible. You gotta stay strong and buy the dips!

[Mr.Scott]

Seriously, I can relate with it. This is popular terms in crypto industry and newbies should recognize this. Holding increases your position to long term bigger gains, so stay calm and don't panic. I'm just in Bitcoin, no weird coins that can only get on certain exchanges. People might agree Bitcoin should be buying and holding. I'm not sure other coins though.

[Issa56]

Seriously cryptocurrency have come to stay and I don't think there is anything any country can do to kill bitcoin lost of things have happened to bitcoin few year's ago and bitcoin is always coming back stronger. So I don't think there is anything we should panic about because definitely bitcoin is still going to pump. For the newbies in the house don't panic and sell your coin just calm down and wait for bounce back.

[isaac_clarke22]

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Dang. That was quite something.
Too bad I haven't managed to invest in crypto back in those years. I could've invested a little in Litecoin if I was still like a little newbie back then.
I am not surprised that Bitcoin always topped.

[Pmalek]

Too bad I haven't managed to invest in crypto back in those years. I could've invested a little in Litecoin if I was still like a little newbie back then.

Don't feel too sorry about it. Maybe you would have done the right thing at the time and invested your money in Litecoin, but you could have also invested in Peercoin, Devcoin, Feathercoin, or any of the other projects that are now defunct and useless. Imagine you held bags of those expecting better days to come? Your portfolio would have been looking much worse if that happened.

[CryptopreneurBrainboss]

Too bad I haven't managed to invest in crypto back in those years. I could've invested a little in Litecoin if I was still like a little newbie back then.

Don't feel too sorry about it. Maybe you would have done the right thing at the time and invested your money in Litecoin, but you could have also invested in Peercoin, Devcoin, Feathercoin, or any of the other projects that are now defunct and useless. Imagine you held bags of those expecting better days to come? Your portfolio would have been looking much worse if that happened.

Exactly and in years to come, same story would be told about coins currently making waves in the market especially the Defi, NFT projects thinking they have forever to dominate the space. Time will wipe them all out or decrease their value just as other projects before them are experiencing, history always repeat itself and those would ignore this surfers.

That you miss an opportunity to cash out from this trending technology the (altcoins industry in general) now doesn't mean you can't do so in the future with far superior projects which hopefully will be developed with less focus on quick money scheme but actually having interest in helping the industry achieve world greater things.

[Pmalek]

Exactly and in years to come, same story would be told about coins currently making waves in the market especially the Defi, NFT projects thinking they have forever to dominate the space. Time will wipe them all out or decrease their value just as other projects before them are experiencing, history always repeat itself and those would ignore this surfers.

When you mentioned NFTs, I just had to bring up something I read a few weeks ago.

MILF token. That's really it's name - MILF. There was a lot of hype about it from what I could see. Branded as the new Cryptopunks, whose pieces were sold for several million dollars. These MILFs were supposed to be the sexier version of cryptopunks I guess. They were advertised by that YouTube boxer-what's-his-name guy. The one who fought Mayweather a few weeks back. That's already a bad sign. If you have to pay some influencer/social media personality to advertise your project via social media.

Anyway, just take a quick look at the price and how it moved and where it's now. The point is, people shouldn't be sorry that they missed an opportunity considering how many traps there are along the way. You never know if you'll end up getting trapped. 

[Davidvictorson]

In countries where there's been a prohibition on cryptocurrencies for example the West African country, Nigeria, reports shows surge in transactions in cryptocurrencies on exchange platforms such as Binance.

Everyday start-ups built on blockchain technologies are springing up all over the world. For newbies in crypto my best advice to is BUY & HODL. Always DYOR and avoid FOMO.

Since humans like to invent stuff, cryptocurrencies might not be here to stay but blockchain technology and its application will go far beyond bitcoin and other altcoins.

[Fortify]

Newbies do not panic, china have banned crypto up to 5 times since 2012 already and look around you, all those countries that put ban on crypto are the ones with people buying crypto the most, for example Nigeria and india there is no reason to panic because of China ban, also I would like to tell you guys that BTC have died too many times before, this is a prove that crypto is here to stay

You haven't provided a shred of proof, just more speculation for the bonfire. A common theme for stock market "traders" is past performance is not a reliable indicator of future results. It is also wise to be careful between conflating the future of Bitcoin with the overall future of crypto. The blockchain in particular has a bright future as a technology, but there may be many iterations of cryptocurrency before one is found that can satisfy worldwide demand sufficiently. The cap on Bitcoin is actually a hugely limiting factor on it's future success and the fees are actually a barrier to widespread regular usage, even though they have come down with successive patches.

[boyptc]

In countries where there's been a prohibition on cryptocurrencies for example the West African country, Nigeria, reports shows surge in transactions in cryptocurrencies on exchange platforms such as Binance.

Everyday start-ups built on blockchain technologies are springing up all over the world. For newbies in crypto my best advice to is BUY & HODL. Always DYOR and avoid FOMO.

Since humans like to invent stuff, cryptocurrencies might not be here to stay but blockchain technology and its application will go far beyond bitcoin and other altcoins.

Blockchain might be here to stay but it's going to stay just as cryptocurrencies.

We're modern today and assets have became digital, mostly. And that's the reason the value from cryptocurrencies are already there and it's very liquid.

I agree that there's more with blockchain but I have the same belief with bitcoin and the crypto market.

[Oceat]

We had a long run yet ten years is quite too short for Bitcoin to stay alive even with those FUDS every halving or bull run cycle they will never end. But look, where are we now? Panic selling is just an old ways to minimize the risk of losing it's not the right term for that. If you want to minimize your risk of losing you should consider HODL as a means of minimizing the risk.

Besides, who sold when they were at loss at all? Only weak hands sold all of their investment thinking that Bitcoin would die just because a lot of rumors circulating in social medias. Newbies should learn not to make the same mistakes of those who dump their investment because of the FUD.

[CryptoHeadlineNews]

For the very fact that bitcoin had been in existence since 2009, I have no doubt to fear it's gonna crash, even thou it rise and fall to almost half it's current price, I will still keep on buying and selling of bitcoin.