Was it ever this hard to hold?

[okthen]

I bought in before the November '13 bubble, so I've seen lower prices.
I am not selling because I believe bitcoin should be and probably is the future.
I'm not trading because I lack the experience, and don't feel this market is the best to start with.

But still, it feels hard to hold!
For those around for a longer time, was the sentiment ever like this?

[podyx]

I have no problem buying and holding when prices go down

I'm just worried that I may be wrong and bitcoin is eventually headed for $0

[bigtimespaghetti]

I had hardly any BTC when I joined the forum and bought before the first bubble. I did not frequent the speculation forum, so didn't pay much attention to sentiment (stupid I know).

If you haven't cut some of your loose by now, then I'm not sure it is a good time to sell. I think a bottom is near though.

You always need to have a price in mind when to buy both the high to sell at and the maximum loss you're willing to take.

I'll let some old timers tell you about sentiment, I'm guessing when BTC went from 30-3? That's a bigger haircut than now for sure.

[neurotypical]

If it's money you can afford to lose then you just hold long term, if you believe in the asset and you think price is low, keep buying a bit each month and stack some more. You may lose at the end or win at the end, we never know what is next after a mega storm like the one we are at. Big riskers can lose big but win big time.

[RyNinDaCleM]

$30 -> $2 for 17 months.

It was 5 months

But yes, the market is much like it was in 2011. Despair, panic, fear... These are normal feelings when nearing the end of a bear market.

[Balls]

I bought in before the November '13 bubble, so I've seen lower prices.
I am not selling because I believe bitcoin should be and probably is the future.
I'm not trading because I lack the experience, and don't feel this market is the best to start with.

But still, it feels hard to hold!
For those around for a longer time, was the sentiment ever like this?

Agreed with all and same for me really, though I don't think it's hard for me to hold but it is frustrating, but I think bitcoin will do much better over time so we just need patience.

I have no problem buying and holding when prices go down

I'm just worried that I may be wrong and bitcoin is eventually headed for $0

There's always a risk of that, but it's very unlikely it will ever go to zero anytime soon. It's too big to fall to that point it'll always rebound at some point.

[picolo]

I bought in before the November '13 bubble, so I've seen lower prices.
I am not selling because I believe bitcoin should be and probably is the future.
I'm not trading because I lack the experience, and don't feel this market is the best to start with.

But still, it feels hard to hold!
For those around for a longer time, was the sentiment ever like this?

Bitcoin has seen bigger drops before and the market is very volatile and fragile right now but could recover very fast.

[NotLambchop]

...It's too big to fall ...

Don't you mean too big to fail^TM?

[JimboToronto]

it feels hard to hold

If it's worth doing, it's worth the effort.

Otherwise you may as well just cop out and try to get rich quick by trading.

[piramida]

Bitcoin? Drops? What are you talking about? Price that some people sell their bitcoins for is dropping - maybe, but not anything else. Bitcoin the network is growing stronger every day: https://blockchain.info/charts/hash-rate?showDataPoints=false&timespan=2year&show_header=true&daysAverageString=7&scale=0&address=

[NotLambchop]

... Bitcoin the network is growing stronger every day ...

If bills could be paid with hashrate instead of money, you'd have a point.

[SmoothCurves]

I bought in before the November '13 bubble, so I've seen lower prices.
I am not selling because I believe bitcoin should be and probably is the future.
I'm not trading because I lack the experience, and don't feel this market is the best to start with.

But still, it feels hard to hold!
For those around for a longer time, was the sentiment ever like this?

Agreed. How many coins are you up to now?

[kingscrown]

Bitcoin? Drops? What are you talking about? Price that some people sell their bitcoins for is dropping - maybe, but not anything else. Bitcoin the network is growing stronger every day: https://blockchain.info/charts/hash-rate?showDataPoints=false&timespan=2year&show_header=true&daysAverageString=7&scale=0&address=

technology is not dying just price is. and most peopel joined on the buble so they are now scared

[Bit_Happy]

Bitcoin? Drops? What are you talking about? Price that some people sell their bitcoins for is dropping - maybe, but not anything else. Bitcoin the network is growing stronger every day: https://blockchain.info/charts/hash-rate?showDataPoints=false&timespan=2year&show_header=true&daysAverageString=7&scale=0&address=

That chart is stunning, and it makes late 2013 look near zero, but I remember then the hashrate seemed very high.

[piramida]

... Bitcoin the network is growing stronger every day ...

If bills could be paid with hashrate instead of money, you'd have a point.

Why the hell someone would be investing in risky long-term assets if they have problem paying the bills, I wonder?

Hashrate *is* value. Either it has to start going down significantly, and soon (we are in one year of bear, afterall), or the price has to catch up, discrepancy that big can't exist.

[NotLambchop]

Bitcoin? Drops? What are you talking about? Price that some people sell their bitcoins for is dropping - maybe, but not anything else. Bitcoin the network is growing stronger every day: https://blockchain.info/charts/hash-rate?showDataPoints=false&timespan=2year&show_header=true&daysAverageString=7&scale=0&address=

technology is not dying just price is. and most peopel joined on the buble so they are now scared

Date Registered:   November 25, 2013.  Yep, you must be getting pretty fidgety just about now.

[NotLambchop]

... Bitcoin the network is growing stronger every day ...

If bills could be paid with hashrate instead of money, you'd have a point.

Why the hell someone would be investing in risky long-term assets if they have problem paying the bills, I wonder?

Why would someone invest in risky long-term assets just to watch teh hashrate grow?  Please understand that, unlike yourself, most people tend to invest in hopes of making money, not losing it.

[BiTJack]

Waking up and finding out your life savings just dropped in value by 6% will do that but still holding because i believe in it.
This is the time when you see most of the people trying to get rid of it, atlest the unbelievers. 

[piramida]

... Bitcoin the network is growing stronger every day ...

If bills could be paid with hashrate instead of money, you'd have a point.

Why the hell someone would be investing in risky long-term assets if they have problem paying the bills, I wonder?

Why would someone invest in risky long-term assets just to watch teh hashrate grow?  Please understand that, unlike yourself, most people tend to invest in hopes of making money, not losing it.

If you invest in a growing company you really don't worry what the share price is doing at the moment, all that you are worried about is that the company is healthy. If by "making money" you understand speculation on a monthly or daily scale, then think again, it's not making money, it's gambling. Yeah, people can gamble on bitcoin price, also satoshi dice or casino, but expecting to always win is unwise.

[ajareselde]

Waking up and finding out your life savings just dropped in value by 6% will do that but still holding because i believe in it.
This is the time when you see most of the people trying to get rid of it, atlest the unbelievers. 

when everyone is selling, you should buy, that is , if ure looking for profits.
just coz the price is declining right now, doesnt mean it wont gu up and away at some point.