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Topic: Are you scared? (Read 851 times)

full member
Activity: 1251
Merit: 103
Buzz App - Spin wheel, farm rewards
September 21, 2021, 08:48:18 PM
Bitcoin plummeted again on September 7 2021.BTC dropped by 54.7% on March 12 last year, by 12.54% on September 3 last year, and by 29.99% on May 19 this year. And 18.65% on September 7.
There were four reasons for the fall on September 7th:
1,The fall in US stocks caused Bitcoin to fall at the same time.
2,Singapore regulation.
3, SEC wants to sue coinbase.
4,It is related to El Salvador
Are you scared?Is there any hope for the future?
Being scared will not help us and it will surely push us down and loss,because our decisions may become affected by our fears. There is no need to scared or we can't be scared look at btc price from 2018 and compair the present price today, by only looking at the price we can surely say that the person who does not get affected by their fears and have a strong hand to hold are now millionaire.
sr. member
Activity: 1708
Merit: 299
September 21, 2021, 01:39:08 PM
Absolutely no, I am not worried about this fact because i trust bitcoin. This was nothing and i saw many big drop downs of bitcoin and even at that time i never doubted about bitcoin so this is nothing, bitcoin is here to stay.
bitcoin is one of the most volatile investment assets and of course bitcoin has strong fundamentals, so when there are a few positive issues that hit bitcoin it will certainly make the bitcoin price rise again in the market, in my opinion the current decline, could be the right time to we buy bitcoin at a low price, because in my opinion a rise or fall in the price of bitcoin can be an opportunity for us to make a profit, so what do we need to be afraid of?
There are still people who believe that one day bitcoin may die, or go down so much that it will stay down for a long time as well. I personally do not believe that and there are many people who do not believe that but there are people who do. At the end of the day bitcoin is something that will go up in the long run no matter what happens, you can buy it at any price, even at ATH and with enough time we all know that you will profit.

This is why I am not really that much scared at all. The ones who are scared are the people who imagine bitcoin could be under 20k soon and stay there for years, just like how it happened in the 2018 crash period.
legendary
Activity: 2982
Merit: 1028
September 21, 2021, 01:14:21 PM
Bitcoin plummeted again on September 7 2021.BTC dropped by 54.7% on March 12 last year, by 12.54% on September 3 last year, and by 29.99% on May 19 this year. And 18.65% on September 7.
There were four reasons for the fall on September 7th:
1,The fall in US stocks caused Bitcoin to fall at the same time.
2,Singapore regulation.
3, SEC wants to sue coinbase.
4,It is related to El Salvador
Are you scared?Is there any hope for the future?
Personally, I have no fear when bitcoin plummets. I don't think the reasons you have listed have had much effect on the bitcoin price plummeting. The ups and downs of the bitcoin price are purely influenced by the crypto market and that is a natural thing to happen. I'm sure the bitcoin price will rebound even more likely to hit a new ATH later this year.

News mostly being used by traders to predict the market, bad news brings bad impacts while good news brings the good one.

For people who experienced how the market around crypto works, they are not really depending on news. They understand that in each dumped, opportunities are open to buy and hold more Bitcoin, believing that it will bounce back and deliver better value.

Before you engaged yourself in this venue of investment, better to make sure that you are mentally ready as there are more unpredicted market movements that may shake you to lose your money.
member
Activity: 560
Merit: 57
September 21, 2021, 12:44:24 PM
Bitcoin price even reached $40k in the last 24 hours but I'm still not scared of anything. Because I make my investments for a long time period. It is totally normal to see Bitcoin undergoing bad times also. We will not see this market increasing all the time in the end. Bitcoin is also a volatile cryptocurrency and we should always get ready for this too. After some time, Bitcoin will start recovering again and continue to rise.
member
Activity: 382
Merit: 12
Axioma Holding - Axioma Pay Crypto Card
September 21, 2021, 12:24:07 PM
Bitcoin plummeted again on September 7 2021.BTC dropped by 54.7% on March 12 last year, by 12.54% on September 3 last year, and by 29.99% on May 19 this year. And 18.65% on September 7.
There were four reasons for the fall on September 7th:
1,The fall in US stocks caused Bitcoin to fall at the same time.
2,Singapore regulation.
3, SEC wants to sue coinbase.
4,It is related to El Salvador
Are you scared?Is there any hope for the future?
Personally, I have no fear when bitcoin plummets. I don't think the reasons you have listed have had much effect on the bitcoin price plummeting. The ups and downs of the bitcoin price are purely influenced by the crypto market and that is a natural thing to happen. I'm sure the bitcoin price will rebound even more likely to hit a new ATH later this year.
member
Activity: 588
Merit: 12
https://i.imgur.com/3fXQC4m.png
September 21, 2021, 09:20:30 AM
Market price fluctuations are common in the crypto world and are happening right now. This incident is not a reason to be afraid to trade because basically the name of the market often goes up and down. make it an investment opportunity for fluctuations and make it a bullrun opportunity to sell your assets.
full member
Activity: 643
Merit: 116
Enterapp Pre-Sale Live
September 21, 2021, 08:10:25 AM
Absolutely no, I am not worried about this fact because i trust bitcoin. This was nothing and i saw many big drop downs of bitcoin and even at that time i never doubted about bitcoin so this is nothing, bitcoin is here to stay.

This is a natural thing experienced by the market, hopefully the correction that occurs with bitcoin this time is only temporary, the current decline is nothing for bitcoin if we compare it to 2018 when the bitcoin price recorded a price decline of 72% and it was time which was very bleak for bitcoin investors, but bitcoin was able to get through it all and remains the only number one coin.
There is nothing to be afraid of with bitcoin because so far bitcoin has proven to us that bitcoin is very worth investing in.
sr. member
Activity: 1386
Merit: 250
1XBit.com
September 21, 2021, 03:23:09 AM
Absolutely no, I am not worried about this fact because i trust bitcoin. This was nothing and i saw many big drop downs of bitcoin and even at that time i never doubted about bitcoin so this is nothing, bitcoin is here to stay.
bitcoin is one of the most volatile investment assets and of course bitcoin has strong fundamentals, so when there are a few positive issues that hit bitcoin it will certainly make the bitcoin price rise again in the market, in my opinion the current decline, could be the right time to we buy bitcoin at a low price, because in my opinion a rise or fall in the price of bitcoin can be an opportunity for us to make a profit, so what do we need to be afraid of?
member
Activity: 812
Merit: 10
September 20, 2021, 02:17:16 PM
Don't be concerned, mate. When the price of bitcoin falls, it is a good time to acquire bitcoins in big quantities at low rates. Prepare your free money to move to bitcoin and handle it well in order to make a profit. Don't be concerned about the dip; it's only a correction.
full member
Activity: 840
Merit: 126
Welcome back 🙏
September 19, 2021, 03:11:00 AM
Absolutely no, I am not worried about this fact because i trust bitcoin. This was nothing and i saw many big drop downs of bitcoin and even at that time i never doubted about bitcoin so this is nothing, bitcoin is here to stay.
hero member
Activity: 2842
Merit: 772
September 19, 2021, 03:08:54 AM
Bitcoin plummeted again on September 7 2021.BTC dropped by 54.7% on March 12 last year, by 12.54% on September 3 last year, and by 29.99% on May 19 this year. And 18.65% on September 7.
There were four reasons for the fall on September 7th:
1,The fall in US stocks caused Bitcoin to fall at the same time.
2,Singapore regulation.
3, SEC wants to sue coinbase.
4,It is related to El Salvador
Are you scared?Is there any hope for the future?
Fear occurs in people who are not sure of the established strategy and do not set a loss target in investment. I never thought behind the market downturn there were some reasons as you mentioned. I only learned from an experience, when there is a decline this could be a correction. don't rush the decision to sell all assets, I'm sure the crytocurrency season will last until the end of the year.
When the price of a cryptocurrency is falling, you can overcome it by doing a technical analysis. This is done to see if the price of your crypto asset will rise again, or fall deeper. If I see it, the market is currently in a sideways period after experiencing a decline a few weeks ago and has the potential to experience a technical rebound. But the technical rebound is also a bit long, maybe in the next few months.

Nah, I don't think that when your portfolio is down, you will immediately go to TA, Lol. All you have to do is just remain calm during the storm and not to panic. If you do TA and see that the price will still continue to go down then what?

It's just the experience, some have been in crypto for years that when they see the price going down, they don't panic, but rather take advantage of the situation and buy the dip.
hero member
Activity: 2702
Merit: 540
DGbet.fun - Crypto Sportsbook
September 18, 2021, 06:53:54 PM
Of course, the decline in the price of Bitcoin made me and a number of traders afraid or panicked because this affected the crypto assets owned.
Well, can you afford to not trade for awhile because you're panicking? If yes then you can probably pause or take a break for awhile so you can collect your thoughts and be at youe best when you start again. For me, I don't have any fear since I am a hodler and I plan to be a diamond hands when it comes to hodling and at the same time, I try to accumulate as much bitcoin along the way.
But don't forget that you also prepare mentally tough so that you are not easily affected emotionally when you become a Hodler or trading considering that something that is influenced by emotional things only lasts for a short time but determines fate in the long term.
When you are just starting on this market then for sure it cant really be avoided because emotion is something a really common thing which you cant handle or really be impulsive on your very first try or
engagement or experience on here.Its normal for you to get scared but once you do gain up sufficient experience in the market then you would really be able to handle up yourself in different situation
knowing that this market is really unpredictable which would really cause up for you to commit out some reactions but if you are already that aware nor prepared then this wont
really be a big issue.
sr. member
Activity: 1119
Merit: 206
20BET - Premium Casino & Sportsbook
September 18, 2021, 01:42:45 PM
Bitcoin plummeted again on September 7 2021.BTC dropped by 54.7% on March 12 last year, by 12.54% on September 3 last year, and by 29.99% on May 19 this year. And 18.65% on September 7.
There were four reasons for the fall on September 7th:
1,The fall in US stocks caused Bitcoin to fall at the same time.
2,Singapore regulation.
3, SEC wants to sue coinbase.
4,It is related to El Salvador
Are you scared?Is there any hope for the future?
Fear occurs in people who are not sure of the established strategy and do not set a loss target in investment. I never thought behind the market downturn there were some reasons as you mentioned. I only learned from an experience, when there is a decline this could be a correction. don't rush the decision to sell all assets, I'm sure the crytocurrency season will last until the end of the year.
When the price of a cryptocurrency is falling, you can overcome it by doing a technical analysis. This is done to see if the price of your crypto asset will rise again, or fall deeper. If I see it, the market is currently in a sideways period after experiencing a decline a few weeks ago and has the potential to experience a technical rebound. But the technical rebound is also a bit long, maybe in the next few months.
sr. member
Activity: 959
Merit: 278
Vave.com - Crypto Casino
September 18, 2021, 01:28:03 PM
Of course, the decline in the price of Bitcoin made me and a number of traders afraid or panicked because this affected the crypto assets owned.
Well, can you afford to not trade for awhile because you're panicking? If yes then you can probably pause or take a break for awhile so you can collect your thoughts and be at youe best when you start again. For me, I don't have any fear since I am a hodler and I plan to be a diamond hands when it comes to hodling and at the same time, I try to accumulate as much bitcoin along the way.
But don't forget that you also prepare mentally tough so that you are not easily affected emotionally when you become a Hodler or trading considering that something that is influenced by emotional things only lasts for a short time but determines fate in the long term.
legendary
Activity: 2464
Merit: 2094
September 18, 2021, 12:40:48 PM
I will no longer tremble when the price of bitcoin undergoes a correction, so I don't have to be afraid of a correction. However, I think it's natural to feel a little annoyed when the price suddenly corrects as the estimated asset owned decreases. However, based on experience, the market will recover sooner or later and the forecast for assets will return to normal. A correction cant be interpreted as a step back, but sometimes it can be a first step to break the resistance above it. Don't rush to sell if you want long term profits. Price fluctuations will teach us what to do when a correction occurs.
member
Activity: 588
Merit: 12
https://i.imgur.com/3fXQC4m.png
September 18, 2021, 12:26:56 PM
only beginners are accustomed to such issues, they are afraid of losing their investment. parties who feel opposed to the growth of bitcoin always make rumors that could bring bitcoin down, but on the other hand they can take advantage of the falling market price and the opportunity to invest again, because the recovery phase of bitcoin is very fast than the FUD stock phase.
full member
Activity: 671
Merit: 104
Buzz App - Spin wheel, farm rewards
September 18, 2021, 12:06:17 PM
what's there to be afraid of ? doesn't the price movement continue to improve even though there are some declines at certain times but it has been proven that the price of bitcoin is able to do much better and it has been proven this year. i think if people have known bitcoin for more than 3 years there is no fear for themselves after seeing a lot of bear market and also bull market will come after.
there is no permanent reason for the fear even if the fear is embedded in oneself it is self-defeating either in trading or investing.
The drop in bitcoin and altcoin prices doesn't scare me or panic. Rises can happen at any time and you can't just wait. Create a new plan. Do some research on what crypto might have a profitable loophole and allocate your funds wisely. It is difficult to guess the exact price because all Bitcoin trades are left to the market. But for me personally, I still believe the price of Bitcoin will be in a bullish trend next year.
full member
Activity: 1736
Merit: 116
September 18, 2021, 06:54:02 AM
I'm not scared at all. Because this is totally normal for Bitcoin. It is a volatile cryptocurrency and there will always be a probability for sharp decreases too. This is not a frightening incident for me. Because it has always been like this since it was first released in the market. People should make their investments always considering this.

What you say is true, there is nothing to be afraid of with the falling price of Bitcoin. Because the price of Bitcoin is volatile, so surely the price
movement will change drastically. This means that the price of Bitcoin can suddenly rise or vice versa, the price of Bitcoin can suddenly fall,
this has often happened repeatedly. So why be afraid, and don't need to bother looking for the cause of the decline in Bitcoin prices. Whatever
causes the price of Bitcoin to fall, as long as we don't panic and can patiently hold bitcoin. So in the end we can make a profit from Bitcoin,
because of how deep the Bitcoin price goes down, it will definitely recover and the price can go higher.
hero member
Activity: 2576
Merit: 586
September 18, 2021, 06:10:43 AM
in fact, the current bitcoin price is back to near $50k. because of that, I don't think any old crypto users care about that.
on the other hand, nowadays many people are trying to own popular coins like bitcoin, ethereum, and others. I think people are used to FUD. Moreover, many people are now looking at crypto as a source of investment year after year, so some FUDs are unlikely to make much of a difference.
I feel more scared when it actually goes up. Because let's face it when it is down that means you could buy and hold and it will go up, but when it is high that means there could be another crash any moment. Don't get me wrong I am not saying it will crash from here, I do not know when it will be, maybe from here, maybe a bit above 50k or maybe it will go to 100k before it crashes, who knows? Nobody knows but it is going up and that means eventually it will stop going up and it will start going down, and that doesn't happen as slowly as our ups neither, it goes up slowly but it crashes in under an hour so it is a bit more scary now that we are going up.

I was happy when it went down, that is a good thing, like chopping a tree in certain places to let it grow even stronger, but the ups are a bit more scary to me because I do not know when it will stop going up.
hero member
Activity: 2170
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Reward: 10M Shen (Approx. 5000 BNB) Bounty
September 18, 2021, 01:34:28 AM
Things are fine right now and I am not concerned in the least about a sudden bitcoin crash. 
The reality is bitcoin has always fluctuated mildly but its consistent growth for the foreseeable decade is rest assured.
in fact, the current bitcoin price is back to near $50k. because of that, I don't think any old crypto users care about that.
on the other hand, nowadays many people are trying to own popular coins like bitcoin, ethereum, and others. I think people are used to FUD. Moreover, many people are now looking at crypto as a source of investment year after year, so some FUDs are unlikely to make much of a difference.
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