because of my method because now I still hold bitcoin and I need to do it because I do not know what will happen in the future when the price will increase in next year will be 10years that will be higher today its price and the more it uses it and I think there is no reason to lower the bitcoin price because now many investors are here.
Topic: 2017 Christmas "correction" - page 2. (Read 352 times)
I sold a little bit on the high of my holdings, just to tie us over so we can pay our rent and bills for a few months and letting the rest ride and will add to my portfolio as more of my bounty payments come in.
This is the way to go.
We need to remember we're in a bubble and it can pop at any moment. Newbies should look back at the Bitcoin history and remember that in Dec 2013 it was a bit over 1,000 $ and in Aug 2015 it was about 200 $, a loss of 80%. It took more than 1,5 years to recover. Many people might say "just hold it" but I wonder how many people can wait so long time to break even. And of course, there's zero warranty that the price will always go up.
Finally, the fact that this has become mainstream should set off alarms to all of us.
Quote
JOE KENNEDY, a famous rich guy in his day, exited the stock market in timely fashion after a shoeshine boy gave him some stock tips. He figured that when the shoeshine boys have tips, the market is too popular for its own good, a theory also advanced by Bernard Baruch, another vested interest who described the scene before the big Crash: http://archive.fortune.com/magazines/fortune/fortune_archive/1996/04/15/211503/index.htm
I am getting used to breathing through these altcoin and bitcoin crashes, and last week my portfolio was like 50% less than it was a few days earlier, but my gut told me not to panic, then the next day everything went up to almost previous aths. I sold a little bit on the high of my holdings, just to tie us over so we can pay our rent and bills for a few months and letting the rest ride and will add to my portfolio as more of my bounty payments come in.
There is nothing wrong with the market, we have a huge run this year and it's just normal that there is a price correction.
I don't actually mind this happening because I know the dump will not last and there will be bright future ahead, in fact I can see bitcoin started the bull run now, we have reach $16,000 already and just a little push we will be back to the ATH.
I don't actually mind this happening because I know the dump will not last and there will be bright future ahead, in fact I can see bitcoin started the bull run now, we have reach $16,000 already and just a little push we will be back to the ATH.
It really wasn't that big of a dip. A correction is healthy and it's needed if you want to continue on a normal pace. That being said, there was a lot of newbie FOMO and I think we'll see another wave of that very shortly.
Whether you admit it or not, there is a Santa Claus hiding behind the prices of the bitcoin and he has gifted the people with this much low price. Today the selling and buying was suspended due to a high traffic on the exchange, now once the Christmas will be over, the price will not only go back, but I guess it will go even beyond 20K USD, so lets take the maximum advantage out of the situation and get our gifts
I love this Warren Buffet statement that says "whales get wealthier from fear of newbies" i watched the market closely that day and you could see a lot of newbies sold them precious bitcoin coz of fear!
and whales eat them up , very soon we will see bitcoin price get back to normal and newbies get tempted again to buy bitcoin and they will sell in next correction and on and on!
experience is not free and paitence is the key!
and whales eat them up , very soon we will see bitcoin price get back to normal and newbies get tempted again to buy bitcoin and they will sell in next correction and on and on!
experience is not free and paitence is the key!
I have no reasons to sell so I will hold. Besides I'm not one of those who are just holding bitcoins but also using it actively so I will continue to spend them also. Although I always try to spend when it's the best rate.
This is the correction that was expected. Yesterday the price came on around 11000$ but today is again over 15000$. So this was the great opportunity for traders to get some more coins and make profit.
This is the correction that was expected. Yesterday the price came on around 11000$ but today is again over 15000$. So this was the great opportunity for traders to get some more coins and make profit.
Me neither. I couldn't do anythin during the correction of friday.
I just was working on the office and I was away from doing some positions on my exchange accounts. I let them go and I will see the result at the end.
I do not sell my holding coins. I think Christmas will affect the coins. Then I hope that all will be okay. Because of this, many traders do not trade for some time due to this problem.
It is not just a correction what we have seen in crash billions has been slashed from the market cap ,but as far as handling the situation in the last two days ,I just remain Calm although the price make me to worry.So hold and avoid panic selling is the best way to handle this kind of situation.
I do not sell my holding coins. I think Christmas will affect the coins. Then I hope that all will be okay. Because of this, many traders do not trade for some time due to this problem.
I have no reasons to sell so I will hold. Besides I'm not one of those who are just holding bitcoins but also using it actively so I will continue to spend them also. Although I always try to spend when it's the best rate.
This is the correction that was expected. Yesterday the price came on around 11000$ but today is again over 15000$. So this was the great opportunity for traders to get some more coins and make profit.
This is the correction that was expected. Yesterday the price came on around 11000$ but today is again over 15000$. So this was the great opportunity for traders to get some more coins and make profit.
Obviously that it was the grand christmas correction, a lot of people thought that it was the end, but those who knows how the market moves are just buying & buying, and that is the only way to earn money in here.
Do you see it now? The ones who bought yesterday are in a huge profit right now.
Do you see it now? The ones who bought yesterday are in a huge profit right now.
I am also just thinking that the price goes down for us to be able to buy more of it, it is just like a Christmas sale right?? Yes that was just for correction and it is a normal thing that we don't need to panic especially now that the price is going higher again so I believe it will go up again to $20k.
correction is more important for coming 2018.happy new year to all of u you
I'm using mine to buy what I need/want. holding as I see fit.
It isn't an investment to me but an asset to be used as warranted.
It isn't an investment to me but an asset to be used as warranted.
So how are you handling the current market situation?
Its not just a correction, what we have seen is a crash. Billions has been slashed from the marketcap. But as far as handling the situation in the last 2 days, I just remain calm, although it worries me seeing unexpected the price drop unexpectedly, but I'm looking at it long term. History tells us, that this crash is also part of the ecosystem, but the hardest part though is that we don't know when its gonna happen and how hard is the fall. But then again, no need to panic, actually I did bought at this dip, and I'm happy I made the right decision. And then BOOM!!! bitcoin price is now on green, and has recovered 20% already. So HOLD and buy is the best way to handle this kind of situations.
Obviously that it was the grand christmas correction, a lot of people thought that it was the end, but those who knows how the market moves are just buying & buying, and that is the only way to earn money in here.
Do you see it now? The ones who bought yesterday are in a huge profit right now.
Do you see it now? The ones who bought yesterday are in a huge profit right now.
well I will hold the coin as much as possible. I mean when the price is high enough I will sell it right then but if bitcoin drops I will keep making the decision to hold. but did not close the possibility to hold it longer if I get good news from bitcoin.
I am waiting a bit more before deciding to buy. If it goes below 8K I will likely do it. It seems to me we are still bearish. Time will tell.
I sold a % of my coins before the dip (my invesment + profits) but left a good portion in my portfolio. I think this Ver thing with Coinbase and Bcash contributed to this mess, but looking at the charts it seems the decline started when BTC was listed in the futures.
I sold a % of my coins before the dip (my invesment + profits) but left a good portion in my portfolio. I think this Ver thing with Coinbase and Bcash contributed to this mess, but looking at the charts it seems the decline started when BTC was listed in the futures.
Im still holding. If the price drops more, Im going to buy more because in few weeks from now the price will rise again
This is what I think in this correction that price will soon recover. In this correction I just hold mu btc and wait for the price to rise. Although there are many predictions but this makes me to stand in bitcoin just hold.
Im still holding. If the price drops more, Im going to buy more because in few weeks from now the price will rise again
So how are you handling the current market situation?
Iam actually holding my coins no matter what happened. There's no need to panic coz I know everything is in under control. Sooner or later there's a chance to find me a good things before to move.
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