What is next?
People in panic selling their bitcoins, others people buy them.
1 week later the price goes back to what it was previously, sellers start to cry and say "why the fuck I sold my bitcoins" and buyers say "I got cheap bitcoins babe"
We shouldn't be so surprised to see this situation, and there is not a lot to worry about. See Coinmarketcap and all altcoins in red, it's a good sign. It's not like only Bitcoin was in this situation
Topic: 60 Billion Wiped Off in One Day - What's Next? - page 2. (Read 786 times)
look at the all-the-time btc-price history chart again,
keep calm
and pass this regular test of faith as good as you can..
it's a natural process
keep calm
and pass this regular test of faith as good as you can..
it's a natural process
It seems that we already passed through this in September. When the news went from China, everyone started to panic. It took some 2 months and Bitcoin already 10 thousand, the correction began and again everyone is panicking. This only shows that the market is still in its infancy and the majority of its current participants do not understand what's what at all.
This proves that the whole crypto market is still very much volatile than we imagined and it actually signifies opportunity for many.
It was expected to come but not so early. BTC increase like crazy also increased fear in people as it was not a healthy rise happening. Now the value should correct itself after a few days. Now is also a good opportunity to put some money in and buy more. Also if you are a Hodler of Bitcoin then this shouldn't matter so much.
I always find it hilarious when the market fly up 20%. No one complains or gets scared. And then the market will go down 10% and people will freak out, even though it is still up 10% over that extremely small amount of time. ETH is at $400-420 and BTC is hovering $10k still. No need to get scared or complain. Profit take like everyone else and get a better position, or hold.
Hahaha well said pal you could not be more right because I always find that hilarious too. Disregard the 50-100% moonshot that literally just happened the past month or two....freaks out when losing 15% of overall value. It is like look at the big picture please and you will see everything is fine we are on track and had an insane year still growth wise.
Bitcoin and crypto currency market is not regulated by any central agency who can step in during a fall or a correction. The crypto market shows the raw reflection of investor's emotion and speculation. That is the reason why it is more dynamic than any other market. The current fall in price is just a correction. Bitcoin went to 11k USD from 7k USD within just few weeks. No other market will have the power to do it in reality.
Lets not panic and don't spread your fear to others. This correction was necessary to maintain the upward trend. It is like a rollercoaster ride. Ups and downs are just a part of bitcoin market. There's no need to panic.
Lets not panic and don't spread your fear to others. This correction was necessary to maintain the upward trend. It is like a rollercoaster ride. Ups and downs are just a part of bitcoin market. There's no need to panic.
I always find it hilarious when the market fly up 20%. No one complains or gets scared. And then the market will go down 10% and people will freak out, even though it is still up 10% over that extremely small amount of time. ETH is at $400-420 and BTC is hovering $10k still. No need to get scared or complain. Profit take like everyone else and get a better position, or hold.
Chaos in Cryptoland as Bitcoin Crashes, Exchanges Lose Power and US Government Issues Demands
https://coinblip.com/blog/chaos-cryptoland-bitcoin-crashes-exchanges-lose-power-us-government-issues-demands/
Fed's Quarles warns that bitcoin poses 'serious financial stability issues' as it grows
https://www.cnbc.com/2017/11/30/feds-quarles-warns-that-bitcoin-poses-serious-financial-stability-issues-as-it-grows.html
What is next for the cryptoland? Is this the beginning of a big market correction?
https://coinblip.com/blog/chaos-cryptoland-bitcoin-crashes-exchanges-lose-power-us-government-issues-demands/
Fed's Quarles warns that bitcoin poses 'serious financial stability issues' as it grows
https://www.cnbc.com/2017/11/30/feds-quarles-warns-that-bitcoin-poses-serious-financial-stability-issues-as-it-grows.html
What is next for the cryptoland? Is this the beginning of a big market correction?
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