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.
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.
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.
~
Bitcoin will not always go up in price, there are times when Bitcoin has to go down in price quite deeply, that is normal for Bitcoin. The most important thing is what attitude should we take when the Bitcoin price falls deep enough, we really have to be able to control our emotions. In order not to
panic easily, because if we panic it can cause bad things for ourselves. As you said, if we can be patient, the Bitcoin price will recover and return
to its best performance.
People who panic when they see the market going down are usually called weak hands, and we shouldn't be weak hands. Because people are prone
to panic, they lack experience and knowledge in the world of crypto. If we have experience and knowledge, we can be calmer in facing any situation.
I agree with you, we really have to sell our Bitcoin at the right price, if possible in accordance with the target sell that we have already determined
from the start. The key to success, as I said, is to be patient when the market dumps, don't rush to sell the Bitcoin that we have. Do analysis
and research first, who knows in the near future the Bitcoin price will recover again.
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.
I did the same
43 thousand was a significant low for bitcoin. I'm sure a year from now you'll be asking yourself why you did not see it and did not buy some bitcoins.
There can be more opportunities because there's nothing that could stop Bitcoin from falling to 20 thousand or something but everything below 40 is a great opportunity at this time.
It's funny that when Bitcoin was trading for 60 thousand most of you were thinking that you'd buy at 30 thousand if you had a chance and now when we're there you're scared. That's why most of you can never make money and never will.
We've experienced this in 2018 even worse, I've even relaxed with what's going on right now, whether it's down or even flying, I'm just trying to be smarter about this moment. You should be able to be this lesson.
when I see this price drop, I remember from 2017 to 2018 when the price increased a lot from $900 to $20,000 and then dropped a lot from $20,000 to $3100, at that time the panic was so great that many analysts were in despair and they make forecasts that the price would drop to $1000. now i'm seeing more pessimistic forecasts that the price will drop to $17,000... in the end when the price starts to fall it is inevitable that people in panic will start to appear and very pessimistic forecasts
Are you new here? We've experienced this in 2018 even worse, I've even relaxed with what's going on right now, whether it's down or even flying, I'm just trying to be smarter about this moment. You should be able to be this lesson.
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
You get panic when price dips = your lossTHE DAY I CAN'T FORGET
19 - May -2021
The Black Wednesday
You take FUD seriously and all the conspiracies by the market whales = your loss
You behave like its first time we have seen crash or price dumps like in 2017 = your loss
You don't invest at these dips and cry afterwards like regretting not investing at $30k then $40k then $50k and similar and at ATH you feel we miss the boat then it's definitely your mistake and loss.
In all of the above statement those who get trap in any of the factor have lost more to the whales as they accumulate huge btc everytime we see a crash.This market cycle keeps on repeating with these types of thread creations.
exact and slowly but steadily the price of bitcoin over the years continues to increase, if you are not inclined to trade then HODL is the only solution and without checking the price daily.
EXACTLY CORRECT! ooooh "the day I can't forget".... wa wa wa.
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
You get panic when price dips = your lossTHE DAY I CAN'T FORGET
19 - May -2021
The Black Wednesday
You take FUD seriously and all the conspiracies by the market whales = your loss
You behave like its first time we have seen crash or price dumps like in 2017 = your loss
You don't invest at these dips and cry afterwards like regretting not investing at $30k then $40k then $50k and similar and at ATH you feel we miss the boat then it's definitely your mistake and loss.
In all of the above statement those who get trap in any of the factor have lost more to the whales as they accumulate huge btc everytime we see a crash.This market cycle keeps on repeating with these types of thread creations.
exact and slowly but steadily the price of bitcoin over the years continues to increase, if you are not inclined to trade then HODL is the only solution and without checking the price daily.
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
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.
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.
Correct. And stop crying like little babies while you are at it. Everyone knows BTC is volatile. Just because you didn't cash out before it dropped isn't DOOMS DAY lol. Hold on to it and it will go back up. Then SELL if you can't see the long game. Pathetic sheesh.
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
You get panic when price dips = your lossTHE DAY I CAN'T FORGET
19 - May -2021
The Black Wednesday
You take FUD seriously and all the conspiracies by the market whales = your loss
You behave like its first time we have seen crash or price dumps like in 2017 = your loss
You don't invest at these dips and cry afterwards like regretting not investing at $30k then $40k then $50k and similar and at ATH you feel we miss the boat then it's definitely your mistake and loss.
In all of the above statement those who get trap in any of the factor have lost more to the whales as they accumulate huge btc everytime we see a crash.This market cycle keeps on repeating with these types of thread creations.
Why is it a horrible day in bitcoin history? the price decline is not that much though, and the price is still quite high. It's not like bitcoin crash or something right? Moreover in other perspective it can be seen as a good day for some people, especially those who want to buy bitcoin but can't afford it due to the expensive price, with this they can buy bitcoin with a lot cheaper price compared to before. Now the price already pump up again though, no need to worry and think that it is a bad day or anything.
every year we will definitely experience panic, because in a year there will be a decline in certain months, for example, last month bitcoin dropped drastically, causing some bitcoin users to panic, but the decline in bitcoin every year will always be there, we don't need to panic, because bitcoin will back to normal ,, because the performance of bitcoins after red will definitely turn green ..
Bitcoin will not always go up in price, there are times when Bitcoin has to go down in price quite deeply, that is normal for Bitcoin. The most important
thing is what attitude should we take when the Bitcoin price falls deep enough, we really have to be able to control our emotions. In order not to
panic easily, because if we panic it can cause bad things for ourselves. As you said, if we can be patient, the Bitcoin price will recover and return
to its best performance.
Those people panicking were called "Weak hands", right? If somebody panics and did not use their head and simply used their emotions especially Fear, then all is lost with them and they won't be able to give sound and well thought decisions in a scenario such as a correction. Well right now I do not see many people who are into crypto panicking that much. Just simply be wary of the happenings in the top coins and make sure that you will be able to sell your coin at the right moment.
every year we will definitely experience panic, because in a year there will be a decline in certain months, for example, last month bitcoin dropped drastically, causing some bitcoin users to panic, but the decline in bitcoin every year will always be there, we don't need to panic, because bitcoin will back to normal ,, because the performance of bitcoins after red will definitely turn green ..
Bitcoin will not always go up in price, there are times when Bitcoin has to go down in price quite deeply, that is normal for Bitcoin. The most important
thing is what attitude should we take when the Bitcoin price falls deep enough, we really have to be able to control our emotions. In order not to
panic easily, because if we panic it can cause bad things for ourselves. As you said, if we can be patient, the Bitcoin price will recover and return
to its best performance.
every year we will definitely experience panic, because in a year there will be a decline in certain months, for example, last month bitcoin dropped drastically, causing some bitcoin users to panic, but the decline in bitcoin every year will always be there, we don't need to panic, because bitcoin will back to normal ,, because the performance of bitcoins after red will definitely turn green ..
Bitcoin will not always go up in price, there are times when Bitcoin has to go down in price quite deeply, that is normal for Bitcoin. The most important
thing is what attitude should we take when the Bitcoin price falls deep enough, we really have to be able to control our emotions. In order not to
panic easily, because if we panic it can cause bad things for ourselves. As you said, if we can be patient, the Bitcoin price will recover and return
to its best performance.
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?
That's the right way of thinking, finding the positives of negative situations, I do wish that the prices go down a bit more because I plan to buy a lot of bitcoin in the next coming month and I want to get the biggest amount there is when I buy bitcoin.the massive dump could be horrible for op and for the people that have the same strat as him ,
strat that no longer buy but will depend on pure holding only . we also need to understand them not only our selves .
every year we will definitely experience panic, because in a year there will be a decline in certain months, for example, last month bitcoin dropped drastically, causing some bitcoin users to panic, but the decline in bitcoin every year will always be there, we don't need to panic, because bitcoin will back to normal ,, because the performance of bitcoins after red will definitely turn green ..
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
today (May 28) the bitcoin price has also dropped a lot and the most annoying part is that binance is always slow when the price drops so much that even my stop - loss was not triggered and once again I lost money, now I have to but once you run behind the losses, it is impressive that binance has this problem and they are unable to fix it
You will be surprise those people will not buy a single sat, rather they spend time worrying about the dip instead of taking advantage of it, the next time btc price surge and hit new ath, they will appear with same old question "is it too late to buy in"...
there are people who are in that market who never bought a single satoshi. I like to buy bitcoin, whenever I can sell something in the real world and buy bitcoin
some people cry 'crash'
smart people applaud 'discount buy day'
..anyone crying at $54k that they missed the chance to buy in cheap. should be buying in now and take the oppertunity.
i have hoarded for years and even im not upset. instead i found some spare fiat and bought more.
i dont need more. but even a 30%+ discount cant be ignored
smart people applaud 'discount buy day'
..anyone crying at $54k that they missed the chance to buy in cheap. should be buying in now and take the oppertunity.
i have hoarded for years and even im not upset. instead i found some spare fiat and bought more.
i dont need more. but even a 30%+ discount cant be ignored
You will be surprise those people will not buy a single sat, rather they spend time worrying about the dip instead of taking advantage of it, the next time btc price surge and hit new ath, they will appear with same old question "is it too late to buy in" this is an opportunity right in front of us, nobody thought btc will go this low so sudden.
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?
That's the right way of thinking, finding the positives of negative situations, I do wish that the prices go down a bit more because I plan to buy a lot of bitcoin in the next coming month and I want to get the biggest amount there is when I buy bitcoin. ~
Not everyone can see that opportunity sadly. It's a discount to buy now so why panic and just go and straight up say that we already have a horrible day in Bitcoin.People back in the dip of 3k+ should already get used to this kind of stuff already.
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?
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
Just like some have already mentioned, In this crypto market, everything and anything should be expected. You don't suppose that the market will continue to go up every day and once there is going to be a dip in the market, you don't think there will be some sort of announcement. Dips are also good for those that want to accumulate more whether it is the whales which automatically helps the little investors to jump in too.
While we understand that some investors were crying on that date, others were actually happy it happened because it gave them the opportunity to come in or acquire more.
~
Cosidering the market movements buying from this current value gives you good opportunities to earned more
when the bounce happen back, but before you take that call make sure to have a good research as chances that
this fall will continue and bring the price more lower, best not to rush and chased the daily trade value but instead
observe and decide whenever you are sure with your position.
Not sure about that, but yes if you are into long term investment then your assumptions still valid.
Bitcoin will rise after this fall as long as you are willing to wait no matter what will happen along the way,
keep your asset inside your safe wallet and let things passed on. Sell only after your target value already
been reached.
What happens will be contradictory because there are two parties who want it and in the end it will go up again, and what I mean by both parties is that most users expect the price of bitcoin to continue to rise and there are also some who want the price of bitcoin to go down and only to make purchases because of the price bitcoin is still in a high price state.
and it's not really a serious or terrible problem, all you have to do is HODL or you take advantage of the downturn to make purchases to grow your bitcoins and hold them.
And if you are pressured by the current market, you should go on vacation or do something to forget what happened, because what happened is still normal and will come back at the right time and be patient.
and it's not really a serious or terrible problem, all you have to do is HODL or you take advantage of the downturn to make purchases to grow your bitcoins and hold them.
And if you are pressured by the current market, you should go on vacation or do something to forget what happened, because what happened is still normal and will come back at the right time and be patient.
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
Unfortunately, in such moments there are always some victims. But the behavior of the market and Bitcoin is repeated and we have witnessed before of similar declines of 20% - 30% and after them always follows a huge jump in prices, so this can be the positive side of things.
And many of the big players in the market see such declines as an opportunity to buy more Bitcoins for lower prices, so there are always two sides to the coin.
On May 19, bitcoin once again ushered in a decline. In just one day, bitcoin fell from 60000 to 30000, with a decline of 40%.
Man, as a believer in bitcoin, don't worry. The decline is only temporary. I firmly believe that it will go back to the original price, and it may be higher.
Man, as a believer in bitcoin, don't worry. The decline is only temporary. I firmly believe that it will go back to the original price, and it may be higher.
There is no dreadful day when we are ready for such a sad market today. if we buy at too high a price and don't get out of the situation then we will suffer the impact.
Even so, the long term that will happen will not be forever terrible, there will be times when Bitcoin goes up again. But if you have uncontrollable hands and a psychologically panicky too, everything will affect the end result.
A terrible day can turn out to be a good day to buy back at a lower price.
Even so, the long term that will happen will not be forever terrible, there will be times when Bitcoin goes up again. But if you have uncontrollable hands and a psychologically panicky too, everything will affect the end result.
A terrible day can turn out to be a good day to buy back at a lower price.
Yup,It's indeed bad,from 54k to 30k. It's terrible. But no,Bitcoin prices at the end of 2018,Bitcoin only 3k ,and now the current Bitcoin price is 38k.This is an incredible growth, Market trends will always fluctuate.This time for you possess more bitcoin to wait for a season bullmarket coming.
Traders have a very short memory and unfortunately this market is composed mostly of traders that are speculating with the price all the time and at best they only remember what was the price last week.But for those that are long term holders they have a very long memory, you do not even have to go so far away, remember the crash that happened on March of 2020 that had many people scared as the markets were crashing and we had a pandemic that was just starting and that no one knew how bad it would actually be? And yet a year later we are fine with a price of bitcoin many times higher than before and that will most likely experiment a recovery at the end of this year.
You sound like the person who is about to jump those buildings during the wall street crash of October 29, 1929, Black Tuesday. I mean they call it black tuesday and now you call Bitcoin crash as Black wednesday. Sorry, you are the only one who thinks like that. You have serious panic if that is the case. If you bought at the ATH then you have to wait, unless you sold your assets at a loss and want to share your misery with the other weak hands here. Sorry again, we are not it. Facebook has it share of weak hands, maybe you can rant there.
This was exactly the bloodbath day at that time. BTC drops very drastically, which leads all altcoins also have a very bloodbath. We are all sad, moreover many people panic sell, the price drop again and again. balance drops more than 40%. ANd until right now, the market is still so scared to enter. Well, will it be increasing again? Will the market recovery soon? or need several months?
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.
Yeah, I agree that the best thing is to invest an amount which one can take the risk of. Otherwise, one could be really in a big trouble if he/she loses all of his/her money. But still, I see people going all-in and gambling with their life.
People are always getting frustrated whenever Bitcoin and other cryptocurrency in the market experience declination on their prices seems like they are still not get used to it that it is not already the first time things like this happen on the entire existence of cryptocurrency since creation. It can be horrible if you were just only merely focusing into the negative side that you were suffering from the declination but if you will just divert it into something positive and trust the process, then you will see that this declination is the ones being much awaited by many to take advantage of the situation to further buy crypto at their lower prices compare to normal day scenario which is a bit or literally expensive to be affordable.
We're not new to this actually. Each year or every bull run that is going on, a bearish market is expected to occur. Indeed it is another horrible day for bitcoin yet we can consider it as a good chance or an entry to take advantage of the current price. You can start buying while the market is red and keep on holding till the value recovers once again. Instead of complaining of the low value, try making use of it so that you can benefit more when the time comes that it hits a bull run once again. Be wise and smart, you could have the best chances in life if you would be strategic about it.
Yup,It's indeed bad,from 54k to 30k. It's terrible. But no,Bitcoin prices at the end of 2018,Bitcoin only 3k ,and now the current Bitcoin price is 38k.This is an incredible growth, Market trends will always fluctuate.This time for you possess more bitcoin to wait for a season bullmarket coming.
In fact the daily bearish candle on May 19 was gigantic and massive a lot of high leverage traders who traded without stop loss got liquidated a whooping down trend from $43K TO $29k+ too much to bear as a hodler of bitcoin, the price is still ranging and fluctuating between $33K to $38K I believed we are still in the bearish season for now and a bit difficult to buy at dip because the price is in most time going dipper once there is massive bullish breakout candle that is for sure a bullish market is imminent. 
~
Cosidering the market movements buying from this current value gives you good opportunities to earned more
when the bounce happen back, but before you take that call make sure to have a good research as chances that
this fall will continue and bring the price more lower, best not to rush and chased the daily trade value but instead
observe and decide whenever you are sure with your position.
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.
That's what some of my friends are saying to our Group Chat, just buy now that there is a dip and the prices are really low and take note that they are qualified hodlers because they have been on the scene since 2015 or 2016. I hope that a lot of people know this so they won't panic sell.Cosidering the market movements buying from this current value gives you good opportunities to earned more
when the bounce happen back, but before you take that call make sure to have a good research as chances that
this fall will continue and bring the price more lower, best not to rush and chased the daily trade value but instead
observe and decide whenever you are sure with your position.
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
Fiat has the great recession which has been put in the record books, but for crypto I think we are far from being done to write the history books.THE DAY I CAN'T FORGET
19 - May -2021
The Black Wednesday
Just like markets have buyers and sellers, others would be celebrating for buying cheap bitcoin on this day should the price go over $100K in a few months or years. Of course what happened on this day sent shivers down to everyone but all is well.
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
What are you noob? You call the chance for many to buy cheap "horrible"? Do you have any idea how much people were waiting for this chance? What you call horrible for many its their lifetime opportunity to get rid of their always losing value fiat.
You are not losing anything unless you sell, and if you do its your fault.
Up and down is the free market at work (which is a great sign). But you miss the whole picture, as in the price since the beginning. The graph is crystal clear, zoom out already...
Yup,It's indeed bad,from 54k to 30k. It's terrible. But no,Bitcoin prices at the end of 2018,Bitcoin only 3k ,and now the current Bitcoin price is 38k.This is an incredible growth, Market trends will always fluctuate.This time for you possess more bitcoin to wait for a season bullmarket coming.
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.
That's what some of my friends are saying to our Group Chat, just buy now that there is a dip and the prices are really low and take note that they are qualified hodlers because they have been on the scene since 2015 or 2016. I hope that a lot of people know this so they won't panic sell.
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.
---
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.
---
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.
Every event that is considered terrible, there is always a golden opportunity for others to take advantage of this kind of condition. I know this is very unexpected. because all traders and investors are still not satisfied with the increase in Bitcoin. but this is already one of the patterns that Bitcoin needs.
no matter the issue currently being discussed outside of the crash of Bitcoin. because in 2018 they had speculated. but in fact we can grow back quickly.
no matter the issue currently being discussed outside of the crash of Bitcoin. because in 2018 they had speculated. but in fact we can grow back quickly.
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.
If this bump is due to mass buy stop orders being triggered at 30K is something like that sustainable? If the market was already trending downwards this entire past week wouldn’t that mean that these buyers will sell-off slowly and evidently continue the downtrend?
some people cry 'crash'
smart people applaud 'discount buy day'
..anyone crying at $54k that they missed the chance to buy in cheap. should be buying in now and take the oppertunity.
i have hoarded for years and even im not upset. instead i found some spare fiat and bought more.
i dont need more. but even a 30%+ discount cant be ignored
smart people applaud 'discount buy day'
..anyone crying at $54k that they missed the chance to buy in cheap. should be buying in now and take the oppertunity.
i have hoarded for years and even im not upset. instead i found some spare fiat and bought more.
i dont need more. but even a 30%+ discount cant be ignored
I am one of those who is regretting selling my BTC when it went down to 33. Now screen infront of me saying it's back to 40k. Those who have the nerves to see market in red are winners in trading.
It is familiar with many people here because they are all bitcoin veteran. In the past, there were many crashes making people lose their money and left them with pain and sorrow. Though, bitcoin does not cease to exist but becomes even stronger by making new ATH.
Do not worry my friend. Bitcoin will recover and back to $50000
Do not worry my friend. Bitcoin will recover and back to $50000
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
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.
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.
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.
---
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.
---
I'm just so angry coinbase screwed me and didn't let me buy the dip.
I love a good conspiracy theory!
There was definitely a concerted effort to get the price down to $30k.
I recon there were a lot of short sellers pushing the price down, we are
getting a pump now to kill the shorts! in the space of a few hours we
saw $30,000 rocket to $42,000.
A lot of people got wrecked.....and a lot of people got pumped!
It might have been a bad day for the speculators and the gamblers, but it had absolutely no impact on Bitcoin.
It's very subjective bro, for you it can be a very bad day, but for the ones who have invested and holding it for a long time, it's just another test of their patience and not at all a bad day, rather a good day because all of them are in profit, and there are many who waited for this dip to buy more so there's that as well, just hold onto your coins, in a dynamic and volatile market, makes no sense to be depressed/saddened by a temporary loss.
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.
---
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.
---
I'm just so angry coinbase screwed me and didn't let me buy the dip.
People are certainly distraught with the current downtrend bitcoin is experiencing. It all started with Tesla's decision to no longer accept bitcoin as a payment method for their EVs and it all went south from there. Despite this, some huge companies are still acquiring bitcoin since they are still in profit, and they are planning to hold long term unlike most of those people who only came into crypto recently because of the hype it generated on different social media platforms.
I'll be waiting for more drops, though, as I have sold on $57k due to a hunch. There's simply no way it can sustain continuous growth for more than a year without any corrections along the way. It just isn't really right IMO.
I'll be waiting for more drops, though, as I have sold on $57k due to a hunch. There's simply no way it can sustain continuous growth for more than a year without any corrections along the way. It just isn't really right IMO.
This could be the best drop of the year as Bitcoin has hit the last support of the same $30k-32k. I think after today Bitcoin will continue to recover and increase in value. Hedge funds have bought into Bitcoin in bulk at a higher price, and it is they who lead the market. They will never let their investment lose so easily so buy and hold with confidence.
Oh. You are new in the game...
Just delete this topic, sit back, relax and zoom out.
Just delete this topic, sit back, relax and zoom out.
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
^ once a year the crypto market surely experience heavily bearish and today is the moment. everything will definitely return to normal and the panic that occurs will end, so don't sell your bitcoins, keep holding on. THE DAY I CAN'T FORGET
19 - May -2021
The Black Wednesday
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.
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
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