Topic: Angry (Read 1117 times)

Quote from: carlfebz2 on June 01, 2021, 12:42:05 PM

u can change the subject to happy now... we recovered quite abit so far im smiling ear to ear looking at my portfolio today

Some of the major coins suddenly bleeds in the last 24 hours, I thought that bitcoin will go up to $40k at least, but there seems to be some manipulation behind as the price suddenly goes down and the market -6%.

So we are still far from recovering, we need to break that $40k first, and If I'm not mistaken, this is the 4th attempt and it failed again. Some mysterious hands have been pulling the price down. Nevertheless, we should still hodl and buy some if you have some extra cash for investments.

And the bleeds continue, strong hands needs to add more patients and if spare money still available

it's also a good time to buy for more and wait till the price rise back. Currently he market still in red and

all of the assets are less in value, try not to rush in taking any plan if you are in your losing side, investment

always have up and down and the cycle will continue, do your best to stay positiviely and work on in every opprotunities.

wxa7115

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Being angry would be just normal because we dont want to lose money and with this very unpredictable market then situations like this is really unavoidable due to unpredictablity

and you should be aware on the first place so that you wouldnt really get shocked once you chad seen your portfolio drop that fast in a short span of time.

Its normal for a human being to have these reactions but you shouldnt really tolerate this because once you get angry will really result into desperation which would
create bad possible moves.

Is it normal to get angry when something does not go your way? Yes, is it productive and it helps to resolve your problems? No, when it comes to trading you need to try to remain as calm as possible even when the market turns against your prediction, and if you cannot do that then most likely you do not have what it is necessary to become a good trader.

Also sometimes the anger comes from the false expectations traders have out of the market or their own skills, no one wins 100% of the time or even something close to it, if your prediction failed then just accept it and move on, because if you do not then those feelings could be the reason of a subsequent error.

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Quote from: Jating on June 04, 2021, 08:02:38 AM

Some of the major coins suddenly bleeds in the last 24 hours, I thought that bitcoin will go up to $40k at least, but there seems to be some manipulation behind as the price suddenly goes down and the market -6%.

So we are still far from recovering, we need to break that $40k first, and If I'm not mistaken, this is the 4th attempt and it failed again. Some mysterious hands have been pulling the price down. Nevertheless, we should still hodl and buy some if you have some extra cash for investments.

Keeping the price under $40k will not be profitable much for whales. The fluctuation of the price isn't interesting these days and we may see +$40k soon then a dip then a bull run and so on. These hidden hands will eventually try to stay with a positive profit and bringing down the price under $40k + paying fees to buy again at $35k requires a lot of funds to remain with a gain.

Jating

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u can change the subject to happy now... we recovered quite abit so far im smiling ear to ear looking at my portfolio today

Some of the major coins suddenly bleeds in the last 24 hours, I thought that bitcoin will go up to $40k at least, but there seems to be some manipulation behind as the price suddenly goes down and the market -6%.

So we are still far from recovering, we need to break that $40k first, and If I'm not mistaken, this is the 4th attempt and it failed again. Some mysterious hands have been pulling the price down. Nevertheless, we should still hodl and buy some if you have some extra cash for investments.

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Quote from: Gozie51 on May 24, 2021, 03:35:07 PM

Crypto is not a get rich quick scheme as many think lately.

Looks like you haven't experienced anything from crypto, in anything you do in crypto. of course very unfortunate. you must continue to study diligently and you will surely regret why only now you know.

Sorry it is if you know the way. Many investors have cashed big money during this few months of bull. Almost all coins overtook ATH of the previous and that is profit for people who dumped. It is a get rich scheme sure, only if you identify. Hodling don't give you such profit but trading is surely a good ride to profit.

experience also determines that what is done in crypto is certainly very fun and profitable. but not everyone can enjoy it properly because there is no desire to be able to properly explore the existence of crypto and the benefits it brings.

even though there is a lot that can be done in crypto to gain income that might add to the financial coffers. but if it is not done properly, of course what is expected from crypto will not be enjoyed. there are still many who are like our colleagues and eventually they will regret it because they are late to join.

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Quote from: Trixoempire on May 19, 2021, 07:29:08 AM

Now all my crypto 30% down. and it will take 3 years to recover.

In finances history may not repeat itself. Investors always say past events can't be used to foresee future events. Last time bear market lasted 3 years, but this time it can last less or more, although due to bitcoin's popularity and demand it's probably going to last much less than 3 years. Many people think like you, so they will wait 3 years to enter the market again, as it worked like a cake's recipe.
Meanwhile, clever investors, who are already aware about the common general mindset will enter the market before 3 years, suddenly pumping bitcoin and finishing bear market. So those who will be still waiting are going to be taken by surprise and everyone around will hear that fateful phrase again: *I wish I had bought bitcoin before...*

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Quote from: acener on June 01, 2021, 04:37:21 PM

Quote from: Trixoempire on May 19, 2021, 07:29:08 AM

I am angry rn I knew I should execute all my crypto yesterday when China anounced ban.
Now all my crypto 30% down. and it will take 3 years to recover.

It is your own fault for not doing it because of greed and you still haven't lost it if you didn't sell it.
So if you could wait for another 3-4 years or for the next ATH then it would be better your negative 30% right now would surely fly when it recovers and hit a new ATH,
Or you could just do some trades to gain back your -30% instead of waiting.

Crypto is maybe a game of patience and if you don't have patience you can surely get loss in a long run, there are so many evidence that if we have patience we can really earn in crypto, look at them who hold thier bitcoin they earned a lot specially those who buy btc on year 2018 imagine the prize of the big patience.

Patience is indeed a real deal but only into those coins which are really worth to deal with and not to those shitty coins that others do tend to engage on.

Patience does have its cons too on where it might really result into missed opportunities on making profits in shorter duration which would really leave us
on regretting on not making appropriate action on certain condition.

Market volatility is common and this is why playing with moving prices neither give you a positive one or negative.Depends on how you do make out
decisions.

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Quote from: Trixoempire on May 19, 2021, 07:29:08 AM

I am angry rn I knew I should execute all my crypto yesterday when China anounced ban.
Now all my crypto 30% down. and it will take 3 years to recover.

It is your own fault for not doing it because of greed and you still haven't lost it if you didn't sell it.
So if you could wait for another 3-4 years or for the next ATH then it would be better your negative 30% right now would surely fly when it recovers and hit a new ATH,
Or you could just do some trades to gain back your -30% instead of waiting.

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Quote from: wxa7115 on June 01, 2021, 12:28:13 PM

Quote from: irsykes on May 26, 2021, 02:05:32 PM

Quote from: Trixoempire on May 19, 2021, 07:29:08 AM

I am angry rn I knew I should execute all my crypto yesterday when China anounced ban.
Now all my crypto 30% down. and it will take 3 years to recover.

I think it wouldn't need 3 years to recover. Maybe soon or maybe in this year you will get at least your ROI back. If you still hold bitcoin i think you shouldn't need to be worried because i think a lot of people did same things too. As long you follow the rules about always use money that you at least afford to lose, or maybe not to be used as daily needs as investment, you should be ok then.

If the bull market is not over as many people think then he could even recover his money in a few months but that will only be true if he decides to hold his coins, something that may not happen especially if he is as angry as he says he is.

This should be a lesson to all of us, when engaging in an investment or a trade then it needs to be done without using your emotions at all because if that happens then you are bound to make mistakes that will cost even more money than any drop in the market could cost you.

Being angry would be just normal because we dont want to lose money and with this very unpredictable market then situations like this is really unavoidable due to unpredictablity

and you should be aware on the first place so that you wouldnt really get shocked once you chad seen your portfolio drop that fast in a short span of time.

Its normal for a human being to have these reactions but you shouldnt really tolerate this because once you get angry will really result into desperation which would
create bad possible moves.

wxa7115

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Quote from: irsykes on May 26, 2021, 02:05:32 PM

Quote from: Trixoempire on May 19, 2021, 07:29:08 AM

I am angry rn I knew I should execute all my crypto yesterday when China anounced ban.
Now all my crypto 30% down. and it will take 3 years to recover.

I think it wouldn't need 3 years to recover. Maybe soon or maybe in this year you will get at least your ROI back. If you still hold bitcoin i think you shouldn't need to be worried because i think a lot of people did same things too. As long you follow the rules about always use money that you at least afford to lose, or maybe not to be used as daily needs as investment, you should be ok then.

If the bull market is not over as many people think then he could even recover his money in a few months but that will only be true if he decides to hold his coins, something that may not happen especially if he is as angry as he says he is.

This should be a lesson to all of us, when engaging in an investment or a trade then it needs to be done without using your emotions at all because if that happens then you are bound to make mistakes that will cost even more money than any drop in the market could cost you.

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Quote from: Trixoempire on May 19, 2021, 07:29:08 AM

I am angry rn I knew I should execute all my crypto yesterday when China anounced ban.
Now all my crypto 30% down. and it will take 3 years to recover.

Honestly it would be weird what you said to be true. If you have bought bitcoin 3 years ago (or any other crypto) it would still be in a huge profit even at the bottom a week ago because everything they are doing is not that difficult at all, the prices are still quite high and that is why I do not think that there is nothing that could be true about you said. This is why I think there is something wrong with the calculation probably. You said "it took 3 years to recover" and that sounds like he got in 3 years ago, that is why I said it would be impossible.

Even at the highest bitcoin it was 20k and its still above, eth was 1500 at most and higher, bnb was 40 bucks at most and still higher. Basically everything is higher than 3 years ago so that is why you could be saying something wrong or making a wrong calculation.

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Quote from: Trixoempire on May 19, 2021, 07:29:08 AM

I am angry rn I knew I should execute all my crypto yesterday when China anounced ban.
Now all my crypto 30% down. and it will take 3 years to recover.

I think it wouldn't need 3 years to recover. Maybe soon or maybe in this year you will get at least your ROI back. If you still hold bitcoin i think you shouldn't need to be worried because i think a lot of people did same things too. As long you follow the rules about always use money that you at least afford to lose, or maybe not to be used as daily needs as investment, you should be ok then.

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Quote from: Inspiron14 on May 26, 2021, 12:57:43 PM

Quote from: Trixoempire on May 19, 2021, 07:29:08 AM

I am angry rn I knew I should execute all my crypto yesterday when China anounced ban.
Now all my crypto 30% down. and it will take 3 years to recover.

too bad you follow panic sell? If you follow that you can be frustrated mate, my advice if there is a dump again,
don't panic, analyze it first so you don't experience big losses, my strategy when the dump occurs is CUT LOSE,
not panic sell, and buy back when in the support zone

One of the main things on why people do panic sell is that they do think off that the market would comes to zero without even thinking about the probabilities of
recovery which do eventually happen after a market correction because it wont really be having the same direction to remain like forever.There might be some

long bearish run but there would always be a recovery after that so people should really think up about that situation and instead they would really be seeing

this as a good time or opportunity to buyback rather than making yourself regret and just missing out the opportunity.

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Quote from: Trixoempire on May 19, 2021, 07:29:08 AM

I am angry rn I knew I should execute all my crypto yesterday when China anounced ban.
Now all my crypto 30% down. and it will take 3 years to recover.

too bad you follow panic sell? If you follow that you can be frustrated mate, my advice if there is a dump again,
don't panic, analyze it first so you don't experience big losses, my strategy when the dump occurs is CUT LOSE,
not panic sell, and buy back when in the support zone

lionheart78

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Quote from: TheUltraElite on May 25, 2021, 12:45:32 AM

Quote from: tabas on May 24, 2021, 03:21:00 PM

3 years? that's a joke. Maybe you should really have should at the top but you've probably thought that there's going to be more top with what bitcoin has reached.

Even self-proclaimed analysts give a wide "Disclaimer" before giving their analysis. Three years is a long time, a lot can happen in between. But it is true that those who became euphoric after the last few years of bear trend made a mistake not to sell at the top.

Possibly he is basing his prediction on the cycle introduced by Bob Loukas.

Quote

Don't get mad when the market corrects, you're likely to sell at losses when you can't control your emotion.

Or possibly organized dumb to manipulate the price and buy at a huge discount. The market is always subject to HYPE, FUD, and market manipulation. This kind of dip and continuous bad news on the cryptocurrency market looks well planed.

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Quote from: Trixoempire on May 19, 2021, 07:29:08 AM

I am angry rn I knew I should execute all my crypto yesterday when China anounced ban.
Now all my crypto 30% down. and it will take 3 years to recover.

All investors should not need to be affected by bad news like this because everything must be sure that it will run normally again, but everything will fall apart because all cannot resist doing something that can make the price corrected.
let this be a lesson for the future.

No need to be angry because this is a common thing, I am concerned about this incident because many have suffered losses and not only you, but what you say about growth takes 3 more years seems too much.

Quote from: Ararbermas on May 25, 2021, 11:32:18 PM

are you serious 3 years to recover? Lol seems you're one of those ppl who's saying crypto currency is dying and there's no way for it to last. No offence mate but where did you get that mindset? Did you how this things really work or you're just spreading nonsense here like what fuds doing.. Try to make some research first and educate your self maybe it can help and enlighten you.. Lol

yes, it looks like our colleague are overly, ensuring that it will take 3 years for recovery, if he looks at developments in the past that actually now is indeed the time for crypto to improve and it will still take quite a long time, because it is estimated that the actual increase will occur at the end this year. we are prepared to see it and must be with conviction.

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Quote from: Trixoempire on May 19, 2021, 07:29:08 AM

I am angry rn I knew I should execute all my crypto yesterday when China anounced ban.
Now all my crypto 30% down. and it will take 3 years to recover.

are you serious 3 years to recover? Lol seems you're one of those ppl who's saying crypto currency is dying and there's no way for it to last. No offence mate but where did you get that mindset? Did you how this things really work or you're just spreading nonsense here like what fuds doing.. Try to make some research first and educate your self maybe it can help and enlighten you.. Lol

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Quote from: tabas on May 24, 2021, 03:21:00 PM

3 years? that's a joke. Maybe you should really have should at the top but you've probably thought that there's going to be more top with what bitcoin has reached.

Even self-proclaimed analysts give a wide "Disclaimer" before giving their analysis. Three years is a long time, a lot can happen in between. But it is true that those who became euphoric after the last few years of bear trend made a mistake not to sell at the top.

Quote from: Wilhelm on May 24, 2021, 07:35:59 PM

No parabolic phase....
Can only mean one thing...
It’s a correction....

Haiku?

Getting some Ghosts of Tsushima vibes there. Lets see how this turns out. Keep both fiat and BTC ready to use and you should be able to make profits of the market changes.

Wilhelm

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No parabolic phase....
Can only mean one thing...
It’s a correction....

Haiku?

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I have seen many Shitcoin holders complaining about the current situation, but if you are holding shitcoin, you should have had Doge so this Meme is saving the season to many despite the actual down, that in reality it is not so tragic, if you have time In the market shitcoin in fact there are still profits in ETH.

Two or three years, it is an uncertain time for a market in which maybe some tokens it does not increase its price and stay stagnant between 3 and 7 decimals ($) even in more time.

But the important thing here is that if you do not compensate your lost with the winners of this year despite the current situation, something you are doing wrong.

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Quote from: Trixoempire on May 19, 2021, 07:29:08 AM

I am angry rn I knew I should execute all my crypto yesterday when China anounced ban.
Now all my crypto 30% down. and it will take 3 years to recover.

Dont blame yourself and its better to move on rather than making yourself keeping on regretting on why you hadnt able to secure your profits before the news.Situations like these could happen from time to time

and if you are just new into this market then better brace yourself into countless situations or events like this that could happen which might result into neither be pumping or dumping into the price.

Market is highly reactive to sentiments or news that floats around and its part of your analysis neither you should take actions on this or would simply ignore it. Dont get angry but rather take this

as a lesson that will help you to mold up yourself to be a better investor because once you had gained that experience then you would know on what would you do in next events that might possibly happen.

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Quote from: Trixoempire on May 19, 2021, 07:29:08 AM

I am angry rn I knew I should execute all my crypto yesterday when China anounced ban.

You cannot change the past, but you can change your attitude. There is no point in being angry over something that did not happen. If you live your life this way you will mostly certainly make yourself and those around you miserable. Instead of being negative over things that didn't happen, try being positive about what does happen in your life. Money isn't everything and it won't solve any of your problems no matter how much you think it will. Better than having a million dollars is having a positive attitude that breathes life into those around you. Maybe investing in crypto isn't for you and your time would be better spent enriching the lives of those around you. Something to ponder...

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Op don't need to be angry because you are waiting for more tops in gain but that is the nature of cryptocurrency investment. Many have the experience from this kind in the previous years just like you have yours this year. Hope you are going to learn during the next bull run.

Quote from: Trixoempire on May 19, 2021, 07:29:08 AM

Crypto is not a get rich quick scheme as many think lately.

Sorry it is if you know the way. Many investors have cashed big money during this few months of bull. Almost all coins overtook ATH of the previous and that is profit for people who dumped. It is a get rich scheme sure, only if you identify. Hodling don't give you such profit but trading is surely a good ride to profit.

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3 years? that's a joke. Maybe you should really have should at the top but you've probably thought that there's going to be more top with what bitcoin has reached.
Don't get mad when the market corrects, you're likely to sell at losses when you can't control your emotion.

milewilda

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I am angry rn I knew I should execute all my crypto yesterday when China anounced ban.
Now all my crypto 30% down. and it will take 3 years to recover.

How did you know that it would take 3 years for it to recover? If you do try to look at on the current price then its starts to climb up again going to $40k, yes it might not be that high
but at least we are seeing some progress which this situation wont really be the same as we do look wayback into that 2018 crash of price where it did take a couple of years
for us to see some significant rise or recovery but lets hope that the situation wont comes even more worst on upcoming days or months and lets hope that the
market will really be showing off some recovery and thinking that you arent the only ones who got wrecked or does have that kind of problem at the moment.

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Quote from: Trixoempire on May 19, 2021, 07:29:08 AM

I think you just have to accept the loss, make conclusions and wait for a while... No one knows which way the market will go now... If down, you really better go back in a year if you can't hold your coins for long!

The OP never believe in cryptos and had never bother to check the price history of it, imagine predicting a whopping 3 years price recovery, he has totally given up hope of quick price recovery whereas the price can pump within a month to regain his lost coins, infact presently the had reached bottom and a possible price recovery is imminent the bulls are gradually started entering the market.

wxa7115

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I am angry rn I knew I should execute all my crypto yesterday when China anounced ban.
Now all my crypto 30% down. and it will take 3 years to recover.

Why should it take so long for you to recover your money? Even if your post is short it seems to imply that you are a trader right? If that is the case you can also short the market and earn profits while the market is going down so I do not see the problem.

The only way this could be true is if you decide to keep holding your coins and become a long term holder, however I am not so sure this is a good idea since you are not entering the market with the conviction of a long term holder, you have been forced in that position by your trades and your inability to cut your losses and that is always a difficult situation to find yourself to be in.

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You must be a newbie probably. Just HODL and you will be fine. Crypto is not a get rich quick scheme as many think lately.

OP has got to be a noob and probably is in this for short-term profits, just like a lot of people are. I'd imagine that most newcomers to crypto (as in the ones who started this year) see bitcoin as a get-rich-quick scheme, as they've seen others actually get rich quickly--it certainly can and does happen.

I'd suggest to OP that a 30% drop in the price of bitcoin doesn't at all mean that it's going to take years to recover. Just take a look at bitcoin's 10-year price chart and you'll see how many times it's dropped 30% or more in a matter of days and how many times it's rebounded quicker than any stock would had that stock experienced the same drop in value. That's how bitcoin is; it's resilient, and I don't think the bull market is over quite yet, despite the huge correction we just saw.

Quote from: Trixoempire on May 19, 2021, 07:37:04 AM

I doubt it would take three years to recover from a 30% draw down. You could make it in one.

A recovery from a 30% decline could take way less than a year. It just depends on market sentiment, and I haven't seen any really bad news that would indicate that we're in for a sustained bear market.

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Now its the bear market and it follow 3 years cycle to recover.
We will see now decline every day.
BTC will retrace to $20k.

This isn't necessarily true. We were waiting for this cycle to be longer too, bear cycle could be short as well, if everyone is trying to follow same pattern it usually fails at some point when people try to bit on the same time to make maximal gains. Cycle lenght is broken and there will be other models then s2f

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Quote from: Trixoempire on May 19, 2021, 07:29:08 AM

I am angry rn I knew I should execute all my crypto yesterday when China anounced ban.
Now all my crypto 30% down. and it will take 3 years to recover.

I doubt it would take three years to recover from a 30% draw down. You could make it in one.

And it’s ok.. To make you feel better, I’m also in somewhat of a rut and it could take some time making it back. Lol. But I’ve taken some losses before so no big deal. The weird thing is I wasn’t angry. I felt numb.

Yes, we can hope that soon, the market will be back, and we can make a profit again, even we will make a big profit because the bull run will come back to the market.
We all have the same experience to see our portfolio is down a lot, but we need to be patient because it is only temporary. Besides that, this downtrend happens for just 2 weeks, so there is still a chance to see the bull run after this. Just be patient and wait for a while.

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Quote from: Trixoempire on May 19, 2021, 07:29:08 AM

I am angry rn I knew I should execute all my crypto yesterday when China anounced ban.
Now all my crypto 30% down. and it will take 3 years to recover.

I doubt it would take three years to recover from a 30% draw down. You could make it in one.

I think there is still a deeply ingrained optimism that it is all so common in bitcoin that bad news can always make a correction. because currently bad news is at the same time from @elonmusk and it is banned in China.
but all will be able to recover again when all can not always believe the bad news, and getting used to it that it's not everything makes bitcoin collapse.

Quote from: Trixoempire on May 19, 2021, 07:29:08 AM

And it’s ok.. To make you feel better, I’m also in somewhat of a rut and it could take some time making it back. Lol. But I’ve taken some losses before so no big deal. The weird thing is I wasn’t angry. I felt numb.

all can be sure to experience losses that occur because the correction movement is very fast, just like when last year bitcoin increased sharply. actually this natural thing happened but it became unnatural because all could not hold back, thus worsening the reality that did happen.
for me when there was a sharp increase and many received profits and now there was a deep correction, there were also many who lost, so actually something that is understandable and does not need to be enlarged.

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I am angry rn I knew I should execute all my crypto yesterday when China anounced ban.
Now all my crypto 30% down. and it will take 3 years to recover.

I doubt it would take three years to recover from a 30% draw down. You could make it in one.

And it’s ok.. To make you feel better, I’m also in somewhat of a rut and it could take some time making it back. Lol. But I’ve taken some losses before so no big deal. The weird thing is I wasn’t angry. I felt numb.

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Quote from: Trixoempire on May 19, 2021, 07:29:08 AM

I am angry rn I knew I should execute all my crypto yesterday when China anounced ban.
Now all my crypto 30% down. and it will take 3 years to recover.

Well, since you knew it that it takes three years for the price to get back up, then you should have known as well that a bull run doesn’t last forever lol. Or did you think that this bull run was going to last through out this year? It wasn’t. We have seen bull run happen over the years, what people are never going to tell you is that the price will fall, they won’t tell you that. Forget all the hype, and those saying that the price is going to reach $100,000 and all that. Of course I do know that it is very possible because of how cryptocurrency fluctuates all the time, but you can’t be so sure about it.

Maybe next time when you’re investing in crypto you’re going to be that with money you can be able to hold even when the market crashed, because that’s really important. Some people who end up selling their coins is because they are in need of money, and for that they can’t continue holding.

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Quote from: Trixoempire on May 19, 2021, 07:29:08 AM

I am angry rn I knew I should execute all my crypto yesterday when China anounced ban.
Now all my crypto 30% down. and it will take 3 years to recover.

Condolences with you. We were all surprised that the price of Bitcoin fell so quickly. The advice for you is that when participating in the cryptocurrency market, you must be quick and decisive. When you feel profitable, you have to close immediately, if you hesitate, you will lose or even lose everything. My friends have a lot of similar situations like you. If there is a profit before closing the stormy market, the loss will be heavy. You have lost 30% what a pity!

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Quote from: Trixoempire on May 19, 2021, 07:47:32 AM

I can afford it just sucks and make me angry cause it will take 6 months to make it again.

Quote from: NeuroticFish on May 19, 2021, 07:58:50 AM

Then you should be OK. Shit happens and hopefully in 6 months you'll be laughing when you'll be thinking back.

This is the "beauty" of over-reacting. If you didn't FOMO-sell (I hope you didn't!!), you didn't lose anything and the "6 months" you were expecting have pretty much already passed, i.e. the price has already recovered after yesterday's mess.

thirdprize

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Quote from: TheUltraElite on May 20, 2021, 12:44:18 AM

Quote from: Trixoempire on May 19, 2021, 07:29:08 AM

I am angry rn I knew I should execute all my crypto yesterday when China anounced ban.

Happens with the best of the traders. Important thing is that you learn your lesson from this. Governments tend to oppress crypto when it goes up and this brings the price down again, a type of feedback loop that makes the traders suffer for their euphoria on seeing high prices, I concur that this is a important lesson for everyone to know when to sell.

For what it is worth btc is down $3K on the previous day. It is pretty much where it was before, so you have not lost that much. Of course yesterday morning (before the dump) was down $15K on two weeks ago. That is a different matter.

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Quote from: Trixoempire on May 19, 2021, 07:29:08 AM

I am angry rn I knew I should execute all my crypto yesterday when China anounced ban.
Now all my crypto 30% down. and it will take 3 years to recover.

So you are thinking that the current Bull season had passed? And you followed the 4-year cycle? If so you should know that the current bull season is yet finished (according to the 4-year cycle you followed). We can say that the bull cycle will be finishing in the 4th quarter of this year. So there is still plenty of time for BTC to rally and record a new ATH before the actual bear season comes in.

bitterguy28

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Quote from: Trixoempire on May 19, 2021, 07:29:08 AM

I am angry rn I knew I should execute all my crypto yesterday when China anounced ban.
Now all my crypto 30% down. and it will take 3 years to recover.

who told you that it will take 3 years? for the next halving again ? is that what you are pointing?
if does well you are definitely wrong because the market is just having correction for the final blow.

_________________________________________________________

Best that you take a rest and for a while don't check your holdings since you are willing HODL for that 3 years time

caffinated

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30% really? we dropped so much? ok ill look at selling my crypto...it'll take me a year to get off my ass to sell it though... or maybe longer lol

Karartma1

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Quote from: Trixoempire on May 19, 2021, 07:29:08 AM

I am angry rn I knew I should execute all my crypto yesterday when China anounced ban.
Now all my crypto 30% down. and it will take 3 years to recover.

You guys are so new here, I should very sorry for you but I can't.
I've seen this many times in the past when people where rage-quitting bitcoin when it dropped from the top anytime that happened.
Welcome to the club, try to understand why you bought in the first place, or else you shouldn't have been here at all.

Kong Hey Pakboy

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Quote from: Trixoempire on May 19, 2021, 07:29:08 AM

I think you just have to accept the loss, make conclusions and wait for a while... No one knows which way the market will go now... If down, you really better go back in a year if you can't hold your coins for long!

Easy to say when this didn't happen to you am I right? Also you have a really stupid advice, why go on a hiatus when the prices are down? You can take those time as an opportunity to accumulate more bitcoin that you will sell when the prices have gone right.

ADCrypto101

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I am angry rn I knew I should execute all my crypto yesterday when China anounced ban.
Now all my crypto 30% down. and it will take 3 years to recover.

China already banned it years ago...lol best fud ever

elisabetheva

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Quote from: davis196 on May 20, 2021, 12:52:19 AM

I'm beginning to think that 2021 is going to be the same as 2018/2019 for Bitcoin.
The price will keep falling from the ATH and we might face a "crypto winter",just like when the BTC price was 3-4K USD,during the winter of 2019.Eventually,the market will recover for sure,after all the Elon Musk FUD madness goes away.Whoever HODLs Bitcoins for the long term will win.A lot of newbies,who bought BTC at 50K USD will lose their minds,sell everything and leave.

I hope people start to realize from the actions of an entrepreneur that we cannot really blame that the goal is none other than looking for profit in a way that can be done and what is tweeted can actually influence many crypto holders who are experienced to be trapped in that game.

entrepreneur is aiming to find as much profit as possible in a way that can influence or through the company that is used as a tool for that. I hope the awareness will be realized soon and the feared incident that will happen like 2018 will not happen and will still be able to start recovering again.
because obviously many are disappointed because the very deep correction of bitcoin occurred before the time came.

akiho yoshizawa

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be patient sir, maybe yesterday was not just you who had minus tens% a lot of losses from #bitcoin BTC down ,,, in bots alone there are lots of whales liquidation tens or even hundreds of dollars ,, many are fudge If you sell now, you will definitely lose the more. Hold is hard I admit ...

lienfaye

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Dont feel bad if your assets are 30% down, just keep holding because it will recover for sure BUT this is only applicable for the coins with real use cases and well-established like bitcoin, otherwise you're rekt.

Quote from: kryptqnick on May 19, 2021, 09:40:54 AM

Op might be right about 3 years, referring to the time it took for Bitcoin to recover from the end of 2017 will the end of 2020. Nobody can say for sure whether this is going to be the case this time because for now, not enough time has passed to see the general tendency. In any case, people should be aware of the risks when investing in cryptos, and they should be prepared to hodl for years if necessary. I'm sorry that your investment is 30% down, but it's not anything out of the ordinary with Bitcoin.

I doubt it will take 3 years to recover, the situation now is different from the past. We see more adoption now and increased of users thus I think it might take shorter than usual to bounce back from bearish situation. Nevertheless no one can accurately predict the future of crypto but what im certain is, this is only temporary and we can see another recovery for the coming days, months or even it takes years.

electronicash

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Quote from: TheUltraElite on May 20, 2021, 12:44:18 AM

Quote from: Trixoempire on May 19, 2021, 07:29:08 AM

I am angry rn I knew I should execute all my crypto yesterday when China anounced ban.

Happens with the best of the traders. Important thing is that you learn your lesson from this. Governments tend to oppress crypto when it goes up and this brings the price down again, a type of feedback loop that makes the traders suffer for their euphoria on seeing high prices, I concur that this is a important lesson for everyone to know when to sell.

Of course it is never possible for anyone to predict when a country might take a negative approach to crypto but when prices are high make it a point to at least sell a fraction of your holding to cash out and wait for the drop to happen.

Quote

Now all my crypto 30% down. and it will take 3 years to recover.

Now that is BS. Crypto can go up and down within hours. You cannot declare an absolute number like that in this market. True that price may drop even more but rise will happen with time. Three years is a long way, many more things might happen in a year.

china is the only one doing it. The banning isn't really new, its the same rules but the news media just recycled the news. countries today are more into solving covid problem than anything like currency problem. Palestine wanna solve peace in their country, not about crypto. there is just much to solve like political instability than playing around with cryptocurrency. India today forgets about cryptocurrency law but accepts Vitalik's donations which is from cryptocurrency.

actually 40% down. but its gradually growing up again. if OP had sold, he could have grown his holdings so yes he has the right to get angry at binance. or to elon probably? Grin

CryptoWebDirectory

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The news from China does suck, but if you really believe in crypto just look at this as another set back and it will bounce back. I don't know where you got the idea of 3 years to recover from this? Look how much Ethereum is up still just over the past few months! The market was do for a correction and the news from China didn't help, but don't get angry. You just need to be patient and wait for the market to bounce back some. It sucks if you need the money, because I think at this point your better to just hold then sell at the low's we're seeing now, just my opinion..

davis196

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I'm beginning to think that 2021 is going to be the same as 2018/2019 for Bitcoin.
The price will keep falling from the ATH and we might face a "crypto winter",just like when the BTC price was 3-4K USD,during the winter of 2019.Eventually,the market will recover for sure,after all the Elon Musk FUD madness goes away.Whoever HODLs Bitcoins for the long term will win.A lot of newbies,who bought BTC at 50K USD will lose their minds,sell everything and leave.

TheUltraElite

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So anyway, I applied as a merit source :)

Quote from: Trixoempire on May 19, 2021, 07:29:08 AM

I am angry rn I knew I should execute all my crypto yesterday when China anounced ban.

Happens with the best of the traders. Important thing is that you learn your lesson from this. Governments tend to oppress crypto when it goes up and this brings the price down again, a type of feedback loop that makes the traders suffer for their euphoria on seeing high prices, I concur that this is a important lesson for everyone to know when to sell.

Of course it is never possible for anyone to predict when a country might take a negative approach to crypto but when prices are high make it a point to at least sell a fraction of your holding to cash out and wait for the drop to happen.

Quote

Now all my crypto 30% down. and it will take 3 years to recover.

Now that is BS. Crypto can go up and down within hours. You cannot declare an absolute number like that in this market. True that price may drop even more but rise will happen with time. Three years is a long way, many more things might happen in a year.

Lordhermes

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Quote from: Trixoempire on May 19, 2021, 07:29:08 AM

I am angry rn I knew I should execute all my crypto yesterday when China anounced ban.
Now all my crypto 30% down. and it will take 3 years to recover.

You shouldn't be crying, this is the opportunity to bag more quantity of cryptos of your kind, I know you are just coming into the space but it doesn't work that way, if it took 3 years for bitcoin to recover from $10k to the new ATH, how long do you think it will take to recover from this recent dip of the market to new ATH.

This is not the first time china is banning crypto related things, China's ban on ICO back then in 2016 or so got all the cryptos on red, unfortunately, it recovered, pandemic occured, the same recovery occured too, the same good news will happen soon after Musk bitcoin rejection on Tesla. Watch out.

supine

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Quote from: kryptqnick on May 19, 2021, 09:40:54 AM

Op might be right about 3 years, referring to the time it took for Bitcoin to recover from the end of 2017 will the end of 2020. Nobody can say for sure whether this is going to be the case this time because for now, not enough time has passed to see the general tendency. In any case, people should be aware of the risks when investing in cryptos, and they should be prepared to hodl for years if necessary. I'm sorry that your investment is 30% down, but it's not anything out of the ordinary with Bitcoin.

If OP's assumptions would be true then there is nothing to worry we should celebrate it instead because if it would be the same then we would see another big bounce after 3 years and it would make another set of record for ATH.
But we couldn't be so sure about it we don't really know if it would really happen.
I just sold my crypto a few hours ago and now I am waiting for it to go lower and re-enter at $20K if possible.

kryptqnick

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Op might be right about 3 years, referring to the time it took for Bitcoin to recover from the end of 2017 will the end of 2020. Nobody can say for sure whether this is going to be the case this time because for now, not enough time has passed to see the general tendency. In any case, people should be aware of the risks when investing in cryptos, and they should be prepared to hodl for years if necessary. I'm sorry that your investment is 30% down, but it's not anything out of the ordinary with Bitcoin.

thirdprize

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This has been coming for a week. I sold this morning but i thought about it yesterday.

hitsnorth

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Don't invest more than you can afford to lose. Also, why 3 years? i don't think it'll take so long. From 2020 to 2021 BTC went from 10k to 60k.

Permonik

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virtualdn

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Quote from: Amph on May 19, 2021, 08:52:09 AM

pump and dump nothing new, there were many of them but guess what? we are going up anyway in the long terms, so who care...see you in in the next halving for 100k ATH

To the Mooon! To everyone who holdled now, I send you my true congratulations, you are the real deal!!! Elon Musk and his FUD will soon be forgotten.

Amph

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pump and dump nothing new, there were many of them but guess what? we are going up anyway in the long terms, so who care...see you in in the next halving for 100k ATH

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I did some research and I did find a lot of articles regarding the crypto ban. I wasn't aware that it's like that now.

I'm hoping that the market can recover at some point. I was surprised that it reached that price though. A lot of whales must have cashed out their positions and a lot of people were liquidated as well. It's hard navigating this market but it's still best to invest what you can afford to lose.

Make sure to properly decide what's best for your account.

Trixoempire

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Quote from: NeuroticFish on May 19, 2021, 07:58:50 AM

Quote from: Trixoempire on May 19, 2021, 07:47:32 AM

I can afford it just sucks and make me angry cause it will take 6 months to make it again. and I will have less money to spend on the bear market when we see 70-90% drops.

Then you should be OK. Shit happens and hopefully in 6 months you'll be laughing when you'll be thinking back.

Quote from: Trixoempire on May 19, 2021, 07:47:32 AM

and I will have less money to spend on the bear market when we see 70-90% drops.

This is a valid point. But unfortunately we cannot predict the future and we also don't have access to these news fast enough (at the point they are credible rumors).
Maybe next time you invest you try some sort of DCA over longer period of time (just with your luck maybe then it'll rise like crazy)

I had access to this news yesterday I had just to theter all up after such news and wait couple of days see where the market goes.
On the moning I saw crash lol.

W/e I hold.

Next time when I see this news I will I know to thether up

NeuroticFish

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Quote from: Trixoempire on May 19, 2021, 07:47:32 AM

I can afford it just sucks and make me angry cause it will take 6 months to make it again. and I will have less money to spend on the bear market when we see 70-90% drops.

Then you should be OK. Shit happens and hopefully in 6 months you'll be laughing when you'll be thinking back.

Quote from: Trixoempire on May 19, 2021, 07:47:32 AM

and I will have less money to spend on the bear market when we see 70-90% drops.

This is a valid point. But unfortunately we cannot predict the future and we also don't have access to these news fast enough (at the point they are credible rumors).
Maybe next time you invest you try some sort of DCA over longer period of time (just with your luck maybe then it'll rise like crazy)

UserU

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Bro, didn't you think that the sub-60 was already quite high compared to its 10s last year?

You sell now, you lose and regret when it goes up. Just hodl. I have hodlings at 58K and this dip isn't bothering me anymore. In fact, it allows me to buy moar.

Lorence.xD

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Why didn't you do it if you felt that the prices will go down? What made you not do it? Now look at you, you are angry and frustrated because you got half-assed on your decision. How can you be so sure that it will take 3 years for you to recover?

Trixoempire

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Quote from: virtualdn on May 19, 2021, 07:43:44 AM

Quote from: Trixoempire on May 19, 2021, 07:37:04 AM

Quote from: Trixoempire on May 19, 2021, 07:29:08 AM

I am angry rn I knew I should execute all my crypto yesterday when China anounced ban.
Now all my crypto 30% down. and it will take 3 years to recover.

3 years?? Who told you, Elon Musk? You must be a newbie probably. Just HODL and you will be fine. Crypto is not a get rich quick scheme as many think lately.

Now its the bear market and it follow 3 years cycle to recover.
We will see now decline every day.
BTC will retrace to $20k.

Shocking. Better sell all the BTC now to be safe. Stop spreading FUD on this forum, BTC is going to $100k this year. 1 month in crypto is a huge period of time.
5 Months left to the end of the year. People know that either way the bull market will end soon and wait for a better entry than this.
Market is dead.

Too much bad news at the same time. From Elon Musk and China the makret is devastiating. People don't buy btc now they wait for good entry (20k) .
Which is likely to be. Either way bull market will end soon and expected to end at the end of the year.
There is not a lot of time left peopel wait fo good entry. This cycle is dead.

Quote from: NeuroticFish on May 19, 2021, 07:46:21 AM

Quote from: Trixoempire on May 19, 2021, 07:29:08 AM

Now all my crypto 30% down. and it will take 3 years to recover.

Did you invest only money you can afford to lose? Then you can easily wait 3 more years if need be.
You didn't? Too bad...

I am in 95% of my money but I can afford it just sucks and make me angry cause it will take 6 months to make it again. and I will have less money to spend on the bear market when we see 70-90% drops.

NeuroticFish

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Quote from: Trixoempire on May 19, 2021, 07:29:08 AM

Now all my crypto 30% down. and it will take 3 years to recover.

Did you invest only money you can afford to lose? Then you can easily wait 3 more years if need be.
You didn't? Too bad...

bitmover

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Quote from: Trixoempire on May 19, 2021, 07:29:08 AM

I am angry rn I knew I should execute all my crypto yesterday when China anounced ban.
Now all my crypto 30% down. and it will take 3 years to recover.

You are a new guy, this is why you are worried About 30%...

If you cant handle 30% down, how do you expect to get 1000% up?

Get used to this volatility... put only what you can afford to lose.

virtualdn

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Quote from: Trixoempire on May 19, 2021, 07:37:04 AM

Quote from: Trixoempire on May 19, 2021, 07:29:08 AM

I am angry rn I knew I should execute all my crypto yesterday when China anounced ban.
Now all my crypto 30% down. and it will take 3 years to recover.

3 years?? Who told you, Elon Musk? You must be a newbie probably. Just HODL and you will be fine. Crypto is not a get rich quick scheme as many think lately.

Now its the bear market and it follow 3 years cycle to recover.
We will see now decline every day.
BTC will retrace to $20k.

Shocking. Better sell all the BTC now to be safe. Stop spreading FUD on this forum, BTC is going to $100k this year. 1 month in crypto is a huge period of time.

Trixoempire

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