Topic: Another Horrible day in History of Bitcoin - page 4. (Read 822 times)
The horrible occurrence isn't only limited to Bitcoin but the entire cryptocurrency world. Elon Musk brought this upon us all, capped with the ban of the Cryptocurrency by the Chinese government. The two sources of FUD combined together is what we experience today but I believe we will still survive this that is if the bear market is yet to arrive.
Well the price decreased quite much, so no wonder you feel like that. However, this thing is kind of normal. Bitcoin price has been really fluctuative for the recent months, though it reaches the lowest this 19. However no need to worry, just think it as opportunity to buy bitcoin in a low price, and just wait since the price will go up soon again. In fact, in one day the price has increases almost 4k USD though. Just be more patient.
It was a bad day in terms of the high manipulation, yeah. But it was also a good opportunity to buy for investors. Because we saw the price going down to even $30k. But the market shouldn't be manipulated this easy, though. It's not always good for investors as not all the people are HODLers.
There are two sides of the coin here. Some will take this as a good opportunity to buy their bitcoin, particularly those who were wishing that they had bought when bitcoin was low. But for some, who bought bitcoin above 50k level, some of them are in panic mode especially those that invested their life's savings or those who borrowed money to invest in crypto. So from what we learned in this market, it is always better to invest what you can afford to lose. As the market is very difficult to predict, you have no way of knowing when can you recover your initial investments or when you can get your target profits.
Lot of investors today are in a panic mode as to when is the best time to sell before bitcoin price drops down intensely while seeing their investments turn into failure and losses. Or maybe the best option is to hold the coins and just wait for bitcoin to recover and starts to pump again after this price correction.
It was a bad day in terms of the high manipulation, yeah. But it was also a good opportunity to buy for investors. Because we saw the price going down to even $30k. But the market shouldn't be manipulated this easy, though. It's not always good for investors as not all the people are HODLers.
There are two sides of the coin here. Some will take this as a good opportunity to buy their bitcoin, particularly those who were wishing that they had bought when bitcoin was low. But for some, who bought bitcoin above 50k level, some of them are in panic mode especially those that invested their life's savings or those who borrowed money to invest in crypto. So from what we learned in this market, it is always better to invest what you can afford to lose. As the market is very difficult to predict, you have no way of knowing when can you recover your initial investments or when you can get your target profits.
It will be one of the unforgettable days, yes. 
We've had many bad news in a very short time period. Elon Musk, Binance investigation, China's ban... But still the market is looking not too bad right now.
We've had many bad news in a very short time period. Elon Musk, Binance investigation, China's ban... But still the market is looking not too bad right now. 
That should've happen at some point. The best you can do now is just to relax and wait or buy more while it dips. This happening every year and then we go up again even higher.
Obviously, the author has invested when the price was high and when the price looks likely sinking to the bottom again, he panicked and even saved the date where he thought that the deep was the last to come. as most of the users said, it will not be the last time but the sure thing is, it could rise again or fall much more worst than what we have experienced now. nevertheless, everyone should consider that this kind of scenario has been already been here since the creation of bitcoin. When the market will offer green light for days, there will come a time that it will be back to red 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
I heard the news to my friend regarding BTC price that is already below $40K. Lately I am quite inactive to crypto due to my new full time job. I am still on the adjusting stage and I also do not have money to bought BTC so I do not visit much the price charts. When I heard the news, I am quite sad. I have no money to buy any plus I am still holding some of my bitcoins. Kinda afraid that btc recovery may took long time again but I hope btc price will go up again soon THE DAY I CAN'T FORGET
19 - May -2021
The Black Wednesday
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
Everything is relative. Those who bought bitcoin in mid-March 2020 after it fell at a very low price, in the end, do not consider this time to be bad for the cryptocurrency, since they made a very large profit. And this current deep drop in the price of bitcoin has been eagerly awaited by some for further purchases. In times of great price fluctuations, the market comes alive. It no longer really matters where the market is moving - up or down. We need to learn to understand the work of this market and use any of its price movements. THE DAY I CAN'T FORGET
19 - May -2021
The Black Wednesday
It was a bad day in terms of the high manipulation, yeah. But it was also a good opportunity to buy for investors. Because we saw the price going down to even $30k. But the market shouldn't be manipulated this easy, though. It's not always good for investors as not all the people are HODLers.
Do we really need to remember that day though? Bitcoin has recovered already, as we are hovering in the $40k price range. Just one of the days though and I'm sure many have panicked already and sold their bitcoins while strong hands keeps buying and not affected by the massive decline. That's why in crypto investments, we should also be mentally toughness and not be emotionally affected and look for the long term goal.
The recovery from $34,000 to $41,000 is remarkable, but still we are at least 30% down from the levels we had two weeks ago. The whales continue to accumulate coins, and those ordinary investors who are in panic continues to dump their coins. These clowns are going to regret real bad when the next bull run starts. If you check the history of Bitcoin, you can find several such incidents. But one thing is common with all of them. Whenever such a cycle occurs, coins move from small scale investors to whales.
Do we really need to remember that day though? Bitcoin has recovered already, as we are hovering in the $40k price range. Just one of the days though and I'm sure many have panicked already and sold their bitcoins while strong hands keeps buying and not affected by the massive decline. That's why in crypto investments, we should also be mentally toughness and not be emotionally affected and look for the long term goal.
Yehp Elon created FUD, Whales used the fear sentiment to dump the market and fill their bags.
Just like last year the whales used the fear around Covid-19 to dump and fill their bags.
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I'm just so angry coinbase screwed me and didn't let me buy the dip.
Just like last year the whales used the fear around Covid-19 to dump and fill their bags.
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I'm just so angry coinbase screwed me and didn't let me buy the dip.
The script is perfect for filling the shark's pockets. This is an opportunity for all of us to become rich. I believe the holder will once again win. This is the most impressive sale I've seen since March 2020. Probably the biggest sale I can take this year because I know the biggest whale is Microstrategy, they have bought a lot of billions of dollars in Bitcoin at an average price of $43k. Of course, whales will not let themselves die, they will raise the value of Bitcoin.
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
Why do people easily freaked out when seeing crashes or dips like these? Considering -40% down at the moment but lots of people do treat it just like its end of the world.THE DAY I CAN'T FORGET
19 - May -2021
The Black Wednesday
Times like these are inevitable and now it happened then to those people who had been on this market is already aware but for those who do just recently jumped will definitely had a shock.
Based off technicals then it cant really be denied that Bitcoin and altcoins are already on the overbought stage.Im anticipating for this time to happen.
These sort of fluctuations are common with Bitcoin. If you can't deal with them, then you need to divert your funds to low-risk assets such as bullion and treasury bonds. The volatility of Bitcoin is exactly the reason why the potential returns are also higher. And despite all the bloodbath we had in the cryptocurrency market, the basics are still very strong. The correction will make sure that the less serious investors exit the cryptocurrency market, and that may be beneficial in the long term.
Whales are just around the corner hunting for panickers' coin. Take this price already to buy more or just hodl.
You'll never want to panic at these situations.
People back in 2019 including me already felt this kind of dumping.
You'll never want to panic at these situations.
People back in 2019 including me already felt this kind of dumping.
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
Most whales are probably extremely happy for what it is happening, it seemed that we have left the 40k level for good and now we are back below it so while this can be bad for small investors like us it is great new for whales looking to enter the market at reasonable prices once again.THE DAY I CAN'T FORGET
19 - May -2021
The Black Wednesday
Now it is debatable how long this is going to last, the altcoin market is responsible for this drop and bitcoin is going down because of it, but give it enough time and bitcoin will recover and leave altcoins on the dust again proving once again that when it some to this market investing in bitcoin is most of the time the only correct choice.
wrong. Bitcoin's decline is responsible for dragging altcoins down. Bitcoin is the giant. Where it goes, the lesser coins follow.
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
Sounds like you are panicking. Get used to it. Most of us are. No need to keep track of those "horrible day" in the history of bitcoin. Those days will keep on coming. What was the best thing people could have done back on 13th March 2020? Invest. Those who took the opportunity of the dip, and held for almost a year, already made a lot of profit. Those who haven't sold anything, they can still make a profit selling now (but why would they?). Think of this dip as an opportunity. Take advantage of it. Invest, forget and relax. THE DAY I CAN'T FORGET
19 - May -2021
The Black Wednesday
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
There will be many conspiracy theories we will come to hear shortly. A lot of analysis will be started for such a dip. It's indeed bad, no doubt about it. But look at the sunny side of it. Now it's your time to buy more bitcoin. THE DAY I CAN'T FORGET
19 - May -2021
The Black Wednesday
Remember the trend,
22k to 3k and then 3k to 60k happened in less than 5 years.
Another chance to become a millionaire if you have missed the previous one.
Bitcoin changes anytime with fast fluctuations, even with only months, it can skyrocket and also go down, that's what you have to be prepared at your own risk.
If you have high confidence that bitcoin will remain stable, it will be right now when the market hits buy as much bitcoin as possible.
Millionaires can wait for you.
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There is no point discussing and remembering this sad moment. I really don't want to check the market conditions lately because it will only add to the pressure and emotions that make panic even more intense. Right now I prefer to discuss hobbies and also watch movies on Netflix which of course relaxes my heart, so my mind will remain calm.
This is the time to enjoy a little of our results so far, and wait for the right moment to see the further excitement regarding the Bitcoin price returning to normal.
This is the time to enjoy a little of our results so far, and wait for the right moment to see the further excitement regarding the Bitcoin price returning to normal.
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