Some words of encouragement during this market crash

[Eureka_07]

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That's right. But this shouldn't be a financial advice and people should still do their own research and do what they want to do. I also believe that the market, specially bitcoin market has, isn't on its real value. It is far far away from it for now. So keep your heads up if you're too negative about it, I would suggest not to sell your bitcoins if you have a negative ROI for btc.

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[tippytoes]

Situations like this are certainly able to test our patience, where those who believe in holding on to it will produce success for the patience that is applied.  for those who panic to face the current bear market like heroes who died on the battlefield who can't carry their dignity, and for those who hold fast in the face of market cycles like this will certainly achieve success in the future

And for the OP to think about the situation, the adoption today is very different than in previous years. There are so many organizations and top companies (financial institutions) that are heavily invested in crypto. Also, consider PayPal and Tesla as some of the companies that are integrating crypto in their payment system. And now, I believe, there are a lot more companies that are integrating crypto in their payment system owed to pandemic. So if you are discourage of what's happening in the market, think of the increasing adoption of crypto usage. And in the next coming years, it will further increase. So be patient, and sooner you will see the light at the end of this tunnel.

[Kasabus]

The current market situation is not new to old players in the cryptocurrency market take the 2017-2018 Bitcoin market where the price went down up to 800%, the only suitable word in the situation is to hodle.

Hodling will always be the best option if you don't want to go on panic selling in this market crash and you prefer to keep safe all of your coins. You won't experience losses of course if you never decide to sell your coins unlike those who end up panic selling because of fear seeing their investment consistently falling their value.

I prefer to stay calm and positive in this time of market crash. Crypto will never come up with bullish season if we cannot survive from this long bearish season. So we should learn to be used from it and start living with it too.

[adzino]

The markets is looking horrible and I know some of you want to hear some fact based words of encouragement. Its hard to comprehend this at the moment. But we have not reached the top of this cycle yet. This looks a lot like 2013 when the market crashed half way through the cycle before continuing upwards. Just check the charts and compare it your self. Bitcoin bull markets end in fireworks not crabbing formations. If you are in then just hodl and do something productive until August. If you aren't in yet, then start DCA'ing. Peace.

It's not as horrible as the last crash we had back in 2017. And it's not the first time we are seeing something like this. Most of the people were already expecting this crash and it was long overdue. Those who are selling are going to regret in the future. Currently seeing the "death cross" FUD being spread. We probably might have reached the death cross, but selling due to this won't get you anywhere (unless you no longer can risk and want to get out). The value has already reached $32,000. Buy as much as you can afford to maximize your profit. And what makes you confident that we are going to see a bull run on August?

[dezoel]

The markets is looking horrible and I know some of you want to hear some fact based words of encouragement. Its hard to comprehend this at the moment. But we have not reached the top of this cycle yet. This looks a lot like 2013 when the market crashed half way through the cycle before continuing upwards. Just check the charts and compare it your self. Bitcoin bull markets end in fireworks not crabbing formations. If you are in then just hodl and do something productive until August. If you aren't in yet, then start DCA'ing. Peace.

Like you said, everyone should look for something else and be productive. Bitcoin will go up again, but I don’t think it is going to be anytime soon. We don’t know when exactly it’s going to be that the price of Bitcoin will go up, but we know that it will. But at the moment we should be looking for things that we will be doing for now.

If you have something else to focus on you wouldn’t worry yourself much about cryptocurrency, you will be able to have the patience that is needed, and do other things while you wait for the price to go up again. We have seen a lot of analysis that predicted over hundred thousand dollars. I don’t think that’s something that’s going to happen anytime soon.

[dzonikg28]

The markets is looking horrible and I know some of you want to hear some fact based words of encouragement. Its hard to comprehend this at the moment. But we have not reached the top of this cycle yet. This looks a lot like 2013 when the market crashed half way through the cycle before continuing upwards. Just check the charts and compare it your self. Bitcoin bull markets end in fireworks not crabbing formations. If you are in then just hodl and do something productive until August. If you aren't in yet, then start DCA'ing. Peace.

Erm, one question if I may: you said just hodl and do something productive until August. Could you please be so kind and also add the specific year you are referring to? Are we talking August 2023 or August 2024?^^

To be honest I don't think we will fully bounce back within this year if this turns out to be one of those major crashes like around 2015 and 2018. It is going to take time because a lot of (mostly retail) investors will have burnt their fingers. They won't just fire another bullet at it within two months of time. Right now it doesn't look very good. I'd be surprised if this is all because of the Chinese crack down because it's quite some time ago the market paid so much attention to what happens in China.

[verita1]

I have noticed that the picture is drawn like this. China is not interested in bitcoin now its plan is to launch the digital Yuan as the First CBDC in the world so it does not want any competition.
It is bad news for crypto enthusiasts in China who are a large community that live with so many impositions that they shorten their freedom in choosing to invest in bitcoin.

On the other hand, it is a great opportunity for other nations to embrace bitcoin and build more cryptomining around the world and free ourselves from the power of China.

[Yatsan]

Market crash is a common scenario to be happening in this industry so you have nothing to be worried about since many of us have already experienced and survived those market crashes that brought up us into this current position we are having as of this moment. There is no need to get panic if you really do know your cryptocurrency tokens you hold and you have in your portfolio very well. Instead of thinking the negative obvious which is the loss, better have a positive outlook which is the possibility to acquire more at an affordable price and hold it until the market recovers from this crash.

[nhaila]

The words of encouragement/ consoles that cryptocurrencies market always risky and unable in nature. No one can easily predict anything about cryptocurrencies market. But I think bitcoin price would again pump and would touch $50k...

[taufik123]

The market will not always be bearish. The market falls to rise to higher levels. Bitcoin will create a new ATH again and that will make the crypto world even more volatile.

A market crash like today is a very good opportunity to buy, even if stuck at higher prices, holding will be better than having to sell in these circumstances. Panic will only make a person lose. remain positive and believe that the market will recover.

[dzonikg28]

The market will not always be bearish. The market falls to rise to higher levels. Bitcoin will create a new ATH again and that will make the crypto world even more volatile.

A market crash like today is a very good opportunity to buy, even if stuck at higher prices, holding will be better than having to sell in these circumstances. Panic will only make a person lose. remain positive and believe that the market will recover.

I think what makes investors feel afraid during those crashes is that they don't exactly know what's going on. Sometimes it looks like somebody else knows more than others do, but that turned out to be wrong every single time. When the market is so high and so heated up, even tiny news are enough to get the ball rolling down the hill. That is probably what happened here with the bad news coming from China in regards to shutting down the mining industry. I am also confident it will recover although it could take some time.

[Luqman]

Too late, the market crash has been since several weeks ago, the market dropped more than -50% and my assets are also.
Yeah, this is a bad thing to know what still happens to the crypto market right now, the bloodbath doesn't end yet. the price of all cryptos is decreasing. It seems like only rising up +5% and then falling down more than -10% 
Moreover, the BTC price is also dropped very drastically until only $29k, this really influences altcoins price to be worse.
And yeah of course, for me, no need for another solution, only HOLD is the best way because I was too late to cut loss, so, this is not my choice right now.
Be patient.

[wendy sy]

A few years ago we also encountered scenes like today. It was worse than now. We have survived that moment. Now it’s just a short correction. Don’t worry, I believe that a new bull market will usher in a big drop in Bitcoin. , Come on, Bitcoin will bring us new surprises and hopes, don't give up on it.

[lienfaye]

Market crash is not unusual in crypto, we cant expect the price to move upward consistently since the market is high volatile and thats how it works. Remember you're not losing anything unless you sell your coins so dont feel bad seeing your assets declining because its a normal cycle in crypto. You can also track the past history to see how many percentage your coins gained already (assuming you're holding a major coins) from the time it was launch.

Forget for a while the current situation of the market and let yourself busy into other activities.

[Lorence.xD]

This "crash" that you are talking about isn't that drastic as the crash back in 2018 so I don't think that we will be needing those encouragement right now, we are just so privileged right now that a dump like this is making us crazy.

[Henrobakkara]

The markets is looking horrible

Is it really though?

June 21, 2013:     $102
June 21, 2014:     $595    (An annual increase of 483%)
June 21, 2016:     $715    (An annual increase of 9.6%)
June 21, 2017:   $2,785   (An annual increase of 289.5%)
June 21, 2018:   $6,785   (An annual increase of 143.6%)
June 21, 2020:   $9,400   (An annual increase of 17.7%)
June 21, 2021:  $31,750  (An annual increase of 237.7%)


What part of that looks horrible?

The problem is most investors now are looking at daily, weekly, and at most monthly charts or market trends without looking at the big picture. If we really look at Bitcoin price based on how you posted it here, most investors would realize that investing in Bitcoin at any time will eventually still put you in profits even though investing in it at a lower price is more profitable hence all this FUD to drag the price down by whales and Institutions.

[randegibran]

maybe at this time all of us investments feel very sad about what has happened to bitcoin lately. I hope the price will go up again as before. of course this will increase our motivation to move on to be better. don't ever be discouraged by the things that are happening at this time. with a price drop that is quite heavy for this time. we can also still invest by buying it first

[ropyu1978]

if you still hold bitcoin, hold on tight, don't let the pope provoke you, to sell the bitcoins you have, ignore the negative posts of elon musk, donal trump, the tesla company, and the slender country of china, whatever happens we will always be together, I'm sure after the rain a rainbow will come out.. stay patient, take your stand, rest assured we can survive whatever happens..

[Kittygalore]

Is it really though?

June 21, 2013:     $102
June 21, 2014:     $595    (An annual increase of 483%)
June 21, 2016:     $715    (An annual increase of 9.6%)
June 21, 2017:   $2,785   (An annual increase of 289.5%)
June 21, 2018:   $6,785   (An annual increase of 143.6%)
June 21, 2020:   $9,400   (An annual increase of 17.7%)
June 21, 2021:  $31,750  (An annual increase of 237.7%)


What part of that looks horrible?

I think the reason that they think that it's horrible is probably because their perspective and expectation of the prices continues to change which is inevitable but at the same time stupid. Although they are innocent though because these people that think that this is the worst hasn't been in the market for too long and this is the lowest that they can think of.

[sapnu]

We all need a word of encouragement from other so that we can spread positivity regardless of the situation. Your optimism can be the thing that will help other people stay faithful and firm with their holdings. Bitcoin might be down right now but we all know sooner or later, it will not just recover instead it will break new ATH's that are far greater than what we are expecting or imaging. It is a risk investing in crypto so it is important that one commits to a healthy and positive mind so that he can have the courage to take the risk and persevere in his goals always.