Topic: Another Horrible day in History of Bitcoin (Read 822 times)
We will never forget that day and I hope that we don't have that kind of days in the future. I'm totally against every kind of manipulations. It shouldn't be this easy to change things in the market.
Nothing out of the ordinary really. Of course lots of losses are inflicted that day, and many people may have lost thousands of dollars in the process. But signing up into bitcoin, this is something you should be already aware of already. The fact that dumps like this further dignifies the healthy state of bitcoin as a cryptocurrency and as an asset.
Market cant really be called if we do just see prices would only be having one direction which is upward and people whom do tend to make out engagement into this market should really be aware on that main caracteristic or behavior that they would mainly experience. When it comes to crashes and big percentage dips or decreasethen this isnt something new that we can see on to this place.So therefore you should deal with it with appropriate trading and investing knowledge which could
really be gained through experience.If you do plan to dea with crypto then make yourself get used into these movements.
Nothing out of the ordinary really. Of course lots of losses are inflicted that day, and many people may have lost thousands of dollars in the process. But signing up into bitcoin, this is something you should be already aware of already. The fact that dumps like this further dignifies the healthy state of bitcoin as a cryptocurrency and as an asset.
I agree with those who do not think so for the reason that some people only looked closely at the market during this period, missing its next takeoff. And when the price went down, they wondered if they should enter the market at that moment. Later, when the fall stopped, perhaps some of them opened their positions and, according to the results of the current rate, already have a profit with a further prospect of its increase. It's not that bad for anyone. Depends on the point of view.
Many had come undecided because they are not sure about their doing. They don't have a plan yet and that makes them doubtful of what they have to do next. If ever the market will dump so hard again, I simply buy more and hold for a while until the prices recover then sell. That was my game plan and I did this several times. Coz I think I was more profitable for a short-term goal investment and I believe I can maximize my time rather than holding it for a long time. 
I agree with those who do not think so for the reason that some people only looked closely at the market during this period, missing its next takeoff. And when the price went down, they wondered if they should enter the market at that moment. Later, when the fall stopped, perhaps some of them opened their positions and, according to the results of the current rate, already have a profit with a further prospect of its increase. It's not that bad for anyone. Depends on the point of view.
I think you are too worried 
Don't worry, friends, stay relaxed because here it is very reasonable and it is very certain that if there is an increase there will be a decrease and vice versa
I think you're exaggerating this, or maybe you're new here so you didn't experience anything similar in 2017.
calm down friends and don't look at the assets you have, save them and check again later because I'm sure nothing will happen to your assets and later in the future it will be more than you expected.
just wait because this bearish will end
Don't worry, friends, stay relaxed because here it is very reasonable and it is very certain that if there is an increase there will be a decrease and vice versaI think you're exaggerating this, or maybe you're new here so you didn't experience anything similar in 2017.
calm down friends and don't look at the assets you have, save them and check again later because I'm sure nothing will happen to your assets and later in the future it will be more than you expected.
just wait because this bearish will end
Please relax, folks, this is only a short-term correction. And, as a loyal Satoshi, I will not lose confidence in Bitcoin because of this decline, because I originally regarded it as a long-term investment method. , Not for short-term profit, so on the contrary, I think he will come back with his better appearance.
As always to believe that. People who got mad because of the decline are those who never understand the word volatility. They just come and ride the market during the Bullrun but when the moment has come that the market turns to bearish, these people been quitting and dump their Bitcoin.
However, I was seeing this as a normal phenomenon, some will come and they also left in some another day. Some can do a long-term deal but some also are preferred for short-term investments.
Well, I supposed to give them the freedom to choose.
That's how Bitcoin works, you are free to whatever you believe and understand, for those who got busted during this correction, what we expect that they'll going to say?
they lose money and they didn't expect the fall, unknowingly they've been played and those who are good enough to adopt the volatile nature of this market, that short ride will make them good benefits.
people have their own perspectives, you need to realize that it's all on you, your money your call.
Depends on who you ask. I bought more after noticing it had gone below 40k.
Long term holdings took a hit, can't deny that, but those bumps come and go.
Long term holdings took a hit, can't deny that, but those bumps come and go.
True that it is horrible for sellers but a wonderful day for buyers. Who might have thought that after Bitcoin had been surging there is a chance to buy it at such a huge discount. Many had thought that it will continue to crash and lots of weak hands had already panic sell without knowing that this kind of price crash is normal in cryptocurrency. They just need to hodl and wait for the market to recover no matter how long it is to at least avoid the losses brought by this price crash.
It was a great day if you look on it from the other side. Do you think you'll get another chance to buy BTC with price so low?
This is the right attitude to have and yet many people never think about it in this way, they do not seem to understand that your profits most of the time are determined by the moment and the price at which you buy and not the moment at which you sell.This means that if you buy at a bad price once the bull market has been going strong for more than a year then you were risking facing a huge correction and losing money, but if you bought at the early stages of the bull run then even this drop on the market is not even enough to erase all your profits and this may be the last opportunity we may have to buy bitcoin for a price below 40k and yet people do not see this.
After 13 March 2020, This is Another Horrible Day In History Of Bitcoin
THE DAY I CAN'T FORGET
19 - May -2021
The Black Wednesday
I can't say that it is a black Wednesday when the market start to crash and thr bitcoin starts to dump but instead I've seen this as a great opportunity on how I will be able to brought more bitcoin in order to increase my asset and holdings. This kind of happenings are for those people who sees it as an opportunity compare to those person that seeing it as an start or indicator of the bear market and going out to cryptocurrency market right away. THE DAY I CAN'T FORGET
19 - May -2021
The Black Wednesday
I wish it would go down another 10k so I can invest more.
i think if it's 20k there will also be a lot of people who take the moment, you will be late if you keep waiting for 10kit would be a deep regret if most people have started investing and it makes us fall behind
Yes it was horrible day for those who don't have courage to see market in red. Secondly, we can't have upward trend forever, market always take correction after a bullish run. Many sell their crypto at that time while there were equal number of investors who were busy in accumulating bitcoin at that price.
I wish it would go down another 10k so I can invest more.
Please relax, folks, this is only a short-term correction. And, as a loyal Satoshi, I will not lose confidence in Bitcoin because of this decline, because I originally regarded it as a long-term investment method. , Not for short-term profit, so on the contrary, I think he will come back with his better appearance.
As always to believe that. People who got mad because of the decline are those who never understand the word volatility. They just come and ride the market during the Bullrun but when the moment has come that the market turns to bearish, these people been quitting and dump their Bitcoin.
However, I was seeing this as a normal phenomenon, some will come and they also left in some another day. Some can do a long-term deal but some also are preferred for short-term investments.
Well, I supposed to give them the freedom to choose.
After 13 March 2020, This is Another Horrible Day In History Of Bitcoin
THE DAY I CAN'T FORGET
19 - May -2021
The Black Wednesday
THE DAY I CAN'T FORGET
19 - May -2021
The Black Wednesday
Everything has started as of that day. We have faced so many FUDs and the market has gone down too sharply. And it is still the case though. We will leave days behind eventually of course but these days won't be forgotten that's for sure.
Things may have gone worst when Tesla started not to accept bitcoin payments and i think Elon Musk was the all the main cause. But again, bitcoin price will not just stop there. It will recover in time and maybe by that time we will witness a new ATH again. So let's just hold our coins and wait patiently for the market to be normal again.
After 13 March 2020, This is Another Horrible Day In History Of Bitcoin
THE DAY I CAN'T FORGET
19 - May -2021
The Black Wednesday
THE DAY I CAN'T FORGET
19 - May -2021
The Black Wednesday
Everything has started as of that day. We have faced so many FUDs and the market has gone down too sharply. And it is still the case though. We will leave days behind eventually of course but these days won't be forgotten that's for sure.
Users are clamoring for their coins to be listed on Coinbase. But for what?.
If Coinbase users are limited to some functionalities because the company gives privilege to a few.
Of course we must remain calm. Why yell?
As we scream, brilliant minds like Michael Saylor says:
I think we need to close the page and explore the possibilities of how bitcoin can be environmentally friendly.
If Coinbase users are limited to some functionalities because the company gives privilege to a few.
Of course we must remain calm. Why yell?
As we scream, brilliant minds like Michael Saylor says:
Quote
"#Bitcoin is the greatest customer for renewable energy in the world. In the history of the world!"
@michael_saylor CEO @MicroStrategy weighs in on China’s #crypto crackdown, Iran’s ban on #mining, and having happy shareholders.
PART 2
https://twitter.com/michael_saylor/status/1397998804784324610?s=19
@michael_saylor CEO @MicroStrategy weighs in on China’s #crypto crackdown, Iran’s ban on #mining, and having happy shareholders.
PART 2
https://twitter.com/michael_saylor/status/1397998804784324610?s=19
I think we need to close the page and explore the possibilities of how bitcoin can be environmentally friendly.
It's a bad day for you, a good day for whales, and holders will have to wait a little longer. It's not a novel scenario in the crypto world. Remember, bitcoin has been around for almost a decade; how long do you think this phenomenon has existed in the crypto market since its inception? This quick loss can only be described as a poor day by weak hands and newcomers to crypto.
It really depends on what perspectives you have during this crash. If you are a whale and believe that bitcoin has a good future, it is indeed a good time to accumulate more coins. Also, for those who are waiting for bitcoin to go down so they can buy more. But if you are just a small timer and you bought it above 50k and you put your life's savings on it, and wanting to cash out very soon, definitely, this is the bad day for you. But if you believe that the market will recover and you can wait, better hold your coins and just cash out when the market is going up again, or at least cut your losses if you are not ready in this market.
It's a bad day for you, a good day for whales, and holders will have to wait a little longer. It's not a novel scenario in the crypto world. Remember, bitcoin has been around for almost a decade; how long do you think this phenomenon has existed in the crypto market since its inception? This quick loss can only be described as a poor day by weak hands and newcomers to crypto.
Why? Because the price drop below than $40k? If your thinking for short term then of course you think this is the horrible day. But for the people like me who want to hold bitcoin for long term this is verry good opportunity to buy bitcoin in this current price.
Well it is not the worst price dropped happened in the history of bitcoin because if we will going to look back 3 years ago bitcoin market exchange rate at that time dropped to $3.7k from a almost $20000 ATH at that time. At that insanely dropped it teaches all of us the significance of trusting and hodling your asset while it is down because the true hodler of bitcoin at that time is literally gave himself a good return of investment. Now is just a test of time not just for crypto market but also to every traders and investors.
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