Are you scared？

[Hippocrypto]

Bitcoin plummeted again on September 7 2021.BTC dropped by 54.7% on March 12 last year, by 12.54% on September 3 last year, and by 29.99% on May 19 this year. And 18.65% on September 7.
There were four reasons for the fall on September 7th:
1,The fall in US stocks caused Bitcoin to fall at the same time.
2,Singapore regulation.
3, SEC wants to sue coinbase.
4,It is related to El Salvador
Are you scared？Is there any hope for the future?

There's nothing to be scared of mate, those crap news has nothing to do with cryptocurrency since we're separated from the stated that doesn't make sense at all. Everytime there's good happening with Bitcoin, suddenly these news articles and other negative propagandas will cause an outburst. Basically we're like playing games here, if you're about to go with their traps then you're the loser.

[Shasha80]

Bitcoin plummeted again on September 7 2021.BTC dropped by 54.7% on March 12 last year, by 12.54% on September 3 last year, and by 29.99% on May 19 this year. And 18.65% on September 7.
There were four reasons for the fall on September 7th:
1,The fall in US stocks caused Bitcoin to fall at the same time.
2,Singapore regulation.
3, SEC wants to sue coinbase.
4,It is related to El Salvador
Are you scared？Is there any hope for the future?

There's nothing to be scared of mate, those crap news has nothing to do with cryptocurrency since we're separated from the stated that doesn't make sense at all. Everytime there's good happening with Bitcoin, suddenly these news articles and other negative propagandas will cause an outburst. Basically we're like playing games here, if you're about to go with their traps then you're the loser.

We must be able to control our emotions when investing in crypto, don't panic and be afraid of negative news that appears. I agree we shouldn't be
easily influenced by FUD circulating, it's just a trap spread by cryptocurrency haters. No matter how bad the market conditions, we must believe
crypto has a very bright future. So keep holding the potential coins that we have. In the end, only those who are patient can benefit from their patience.

[Slow death]

4,It is related to El Salvador

I doubt it, News of El salvador Is positive news it would not make sense for the price to drop due to El salvador

Are you scared？

No

Is there any hope for the future?

man the price is at $45000 it's not the end of the world, you can't forget until a few months ago the price was at 32000$ and no one panicked, Why the  would panic at $45000?

[Ultegra134]

Bitcoin plummeted again on September 7 2021.BTC dropped by 54.7% on March 12 last year, by 12.54% on September 3 last year, and by 29.99% on May 19 this year. And 18.65% on September 7.
There were four reasons for the fall on September 7th:
1,The fall in US stocks caused Bitcoin to fall at the same time.
2,Singapore regulation.
3, SEC wants to sue coinbase.
4,It is related to El Salvador
Are you scared？Is there any hope for the future?

If about bitcoin, i think only matter of time until bull run come and maybe can close to last peak again. For holding big coins, usually i am not scared because what i see about bitcoin price since i first jumped into crypto, already get multiplied a lot. That is why i never lose my hope for bitcoin especially more event that come following with next halving in only a years again.

People need to realize that bitcoin is strong crypto so they should never get afraid if dump will came and its pretty normal since correction always happen in the market that's why they shouldn't dump if market crash happen but instead they should accumulate to recover back and also to earn huge when bull run came. Also the only thing we trust are the top coins and never believe on the shit who always said about hold for long future since this is the word they used to hype up their project and scam their investors.

There are quite a few economists, politicians and so on, people of influence in general, who are against Bitcoin and cryptocurrencies. A quick look back in the 2017's crash will be enough, there were articles all over the internet claiming it to be the end of Bitcoin, with quite a few economists mentioning that it's a Ponzi scheme that quickly died.

The exact same incident also happened a few months ago, when the price crashed below the $30.000 mark, way back in March.

[Kelvinid]

Let others being scared, we can't hold them, somehow. I'm not considering this as an unusual event that it is because not all have the courage to take risks and much more not all have the courage to hold themself against negative.

Those who come positive will stay positive but those who come doubtful, they'll certainly live doubtfully. Ain't that scared with the fake news but I was scared if I miss this opportunity while the others did. It is something it works differently and there might more scary facts in the future that could push these people to be more scared.

[MiF]

Bitcoin plummeted again on September 7 2021.BTC dropped by 54.7% on March 12 last year, by 12.54% on September 3 last year, and by 29.99% on May 19 this year. And 18.65% on September 7.
There were four reasons for the fall on September 7th:
1,The fall in US stocks caused Bitcoin to fall at the same time.
2,Singapore regulation.
3, SEC wants to sue coinbase.
4,It is related to El Salvador
Are you scared？Is there any hope for the future?

Being scared will not help us earn in fact it can make us loss, we always need to think positive so that we can hold strong, being scared and negative thinking will push us to sell our holdings and end up losing.Most of the people who has a strong hands to hold their coin really earn and we can put basis the Bitcoin and ethereum.The people who buy a huge amount of btc and ethereum last 2018 and hold they are now millionaire and that's the power of holdings.

[davis196]

The Bitcoin price rises and drops by 20,30 or 50% every now and then.Only the newbies are scared by this.
This is called price volatility.Are you surprised?If you are witnessing Bitcoin price volatility for the first time,then welcome to the world of Bitcoin,such price behavior is normal.
The factors mentioned on your list don't have any significant impact over the Bitcoin price.
Even if they do,this price influence will be only short term.Such fake news and gossips can cause small price dumps.
Are you deliberately spreading FUD with this forum thread,or you are just a confused Bitcoin newbie?

[dezoel]

I am really surprised when I woke up to see that the price of Bitcoin has plummeted to a very low price. First of all I notice on the day that El Salvador Officially adopted Bitcoin, The price went down despite the hype on social media. I even saw a group that was organized for people to buy about $30 worth of Bitcoin to support El Salvador as  they adopted Bitcoin as their legal tender. Even at all that the price kept going down. So it was really a surprise to me.

Now, another news that I’ve been seen as a recent is that they say protest in El Salvador because of the Bitcoin that was adopted by the country. Even before then there has been a protest by people to stop the adoption of Bitcoin as a legal tender in the country, and the decrease now has also led to another protest which we don't know what  it will result to.

[buwaytress]

The last time I was a teeny bit afraid, I don't mind admitting, was 18 months ago.

The only time I was utterly disappointed was after the 2017 crash. Bitcoin crashed from the $20.000 mark within a few days, it was literally jaw dropping to see the value of my BTC constantly decreasing.

That crash was enough to quit Bitcointalk and crypto in general, only to return back in 2020. It was the only time I was afraid and disappointed at the same time.

Disappointment seems a bit strange, given how much valuation had already expanded from the start of the year. I mean, from below $1000 to five-figure dollar sums? What exactly were you expecting, McAfee's vision to come true in 2017?  In fact, one guy even called it quits when $10k was reached for the first time. Such was their fear that the rise was too much, too fast (tried to find the thread, I even spoke to him, but maybe I'll be more motivated another time).

Fear, I'd understand. I spoke to not a few old-timers (I was fresh-faced at the time, maybe still am, dunno) and even before Bitcoin was heading to 10k, just fresh after ATH, people were saying this was it.They turned out to be wrong, but that clarity took a couple of years at least to arrive for most.

[floridafranks]

I think you are over generalizing things over here. The dip that people witnessed two days ago was due to the high leverage that people had taken for BTC, and once it reached the 52k mark most of the holders (Whales) sold their BTC, which resulted in the fall of price, which was later accompanied by price corrections. I am not scared, rather excited about the next price level BTC is going to reach in a couple of months!

[maju69]

Look at the chart that was provided by @Tytanowy Janusz. There's no way in hell a flash crash will scare me, it's not the worst crash there is so no point getting scare, the only people who get scared are either not looking back into the past, doesn't have a lot of bitcoin or doesn't have any bitcoin, and people that have a short sighted goal.

in fact we don't feel the Bitcoin market is over. People who are afraid just because the market has started to enter the red line does not mean this will all end and be destroyed. Bitcoin is still as usual and is still at a high price. If compared to last year then the OP should know that the current price is not comparable and be frightened.

[Mahanton]

Look at the chart that was provided by @Tytanowy Janusz. There's no way in hell a flash crash will scare me, it's not the worst crash there is so no point getting scare, the only people who get scared are either not looking back into the past, doesn't have a lot of bitcoin or doesn't have any bitcoin, and people that have a short sighted goal.

in fact we don't feel the Bitcoin market is over. People who are afraid just because the market has started to enter the red line does not mean this will all end and be destroyed. Bitcoin is still as usual and is still at a high price. If compared to last year then the OP should know that the current price is not comparable and be frightened.

Common reactions of people who doesnt know about well about this market or just simply new into this market.They got scared and freak out when see dumps and have FOMO when they do see some rally.
These are common reactions but when someone had experienced some losses then thats the time they do realize on how market works and would really be careful on next time that they would be dealing with.
Being scared is not avoidable because we are really on investment world and its impossible that you would be happy when  you do see losses on your port.
Thing here is that you do learned up from your past mistakes.

[Ziskinberg]

Scared? Fear?
Newbies mostly had lost themselves once seeing the market got into trouble but for us who knows how these corrections will come, we're seeing this as an opportunity, not a thing to worried about. It is really hard to keep our minds strong and not to think negatively, perhaps I've found this common to anyone who comes doubtful and uncertain. I'm not scared nor do I feel disappointed with the situation. Sometimes I think this was a market reset and the next pump was more interesting to see as this might be strong pumps leading to another ATH (possible).

[STT]

4,It is related to El Salvador

I doubt it, News of El salvador Is positive news it would not make sense for the price to drop due to El salvador

It would be ironic which is quite normal in markets.  Buy the rumor sell the news, the reasoning being the gains before the event resemble positive action and often not just this time but predictably the arrival of a positive event can lead to a sell.    But in any case I dont factor 1 country as being large enough to have that much influence on Bitcoin, this particular news was perhaps seen as start of a trend or validation in Bitcoin acceptance but that still doesn't mean that unique price and time point is upwards only.

[Pamadar]

4,It is related to El Salvador

I doubt it, News of El salvador Is positive news it would not make sense for the price to drop due to El salvador

It would be ironic which is quite normal in markets.  Buy the rumor sell the news, the reasoning being the gains before the event resemble positive action and often not just this time but predictably the arrival of a positive event can lead to a sell.    But in any case I dont factor 1 country as being large enough to have that much influence on Bitcoin, this particular news was perhaps seen as start of a trend or validation in Bitcoin acceptance but that still doesn't mean that unique price and time point is upwards only.

That's right! With that news, amateur traders think that it will carry the price to rise up, but experienced traders have other things in mind. Buy the rumor sell the news often happened when you are dealing with trading.
You need to focus with long-term effects and not just for the short one, you'll be panic if you do since whales are better in shaking the market, always take your time, balancing the situation, don't rush things out as decision making should always be accompanied by good research and not just by the trending market situation.

[Amph]

troll will be troll, the only thing that should scare you, is becoming rich when bitcoin reach the next ath, 2024 target

[jaberwock]

1,The fall in US stocks caused Bitcoin to fall at the same time.
2,Singapore regulation.
3, SEC wants to sue coinbase.
4,It is related to El Salvador
Are you scared？Is there any hope for the future?

Being scared of price movements is not a long term investor thing. I do not care about what happens in the next stage, because it could go down or up or do whatever and I am just simply fine. However one thing I am worried about is the fact that crypto adoption is increasing but not in retail.

There are much more governments that look crypto nicely, there are much more companies that invest into crypto, there are much more crypto related companies and startups BUT there are not a lot more places that accept bitcoin as payment. Bitcoin is growing to be considered as an investment, but the currency side of the things is not getting enough attention at all, which scares me a bit.

[Ultegra134]

The last time I was a teeny bit afraid, I don't mind admitting, was 18 months ago.

The only time I was utterly disappointed was after the 2017 crash. Bitcoin crashed from the $20.000 mark within a few days, it was literally jaw dropping to see the value of my BTC constantly decreasing.

That crash was enough to quit Bitcointalk and crypto in general, only to return back in 2020. It was the only time I was afraid and disappointed at the same time.

Disappointment seems a bit strange, given how much valuation had already expanded from the start of the year. I mean, from below $1000 to five-figure dollar sums? What exactly were you expecting, McAfee's vision to come true in 2017?  In fact, one guy even called it quits when $10k was reached for the first time. Such was their fear that the rise was too much, too fast (tried to find the thread, I even spoke to him, but maybe I'll be more motivated another time).

Fear, I'd understand. I spoke to not a few old-timers (I was fresh-faced at the time, maybe still am, dunno) and even before Bitcoin was heading to 10k, just fresh after ATH, people were saying this was it.They turned out to be wrong, but that clarity took a couple of years at least to arrive for most.

From your point of you, you're right, even after we experienced the 2017's crash, Bitcoin was still at a higher price than it was before. However, it was still depressing seeing your money slowly vanishing. I'm not complaining though, I might had abandoned Bitcoin back then, but luckily I hadn't sold any, till its price skyrocketed in 2021, multiplying my money.

[Pulsar77]

There is not a sensible reason for you to get scared, mate. This is totally normal for Bitcoin and the market in general also. Because this market is highly volatile. You should always be ready to witness big dumps also. Of course it makes people scared first they see that movement in the price. But after that, it should come to your mind that Bitcoin will recover sooner or later again. We witnessed much worse levels than this long time ago.

[Fatunad]

There is not a sensible reason for you to get scared, mate. This is totally normal for Bitcoin and the market in general also. Because this market is highly volatile. You should always be ready to witness big dumps also. Of course it makes people scared first they see that movement in the price. But after that, it should come to your mind that Bitcoin will recover sooner or later again. We witnessed much worse levels than this long time ago.

You wouldnt get scared if you do know on what you should gonna do or simply when you do already have the experience which its normal that you would really know on what are the things should be done.
Dealing with this market does have lots of things where you could able to see on which might really affect your investment decisions which would really make you scared on making out steps or actions.
Once you do already have experience and awareness on how this market works and things attached to it then getting scared is already out or cant possibly affect you most of the time.