Topic: Bitcoin's price, and mental health. - page 11. (Read 3587 times)

The price of bitcoin directly depends on the mental health of investors. And in such cases of panic , the price of course falls.

I guess that is not necessary to following panic like other people because the market will be back, and everything will be okay. We need to stay calm at this moment so we don't make a rush action which will make us cannot see the chance that will come to us. Although we are in a hard situation, by staying calm, we can handle with care, and we can always get the way to solve every problem that we have. COVID-19 still there, but that doesn't mean we don't need to do something. Bitcoin price will increase this year or the next year, all we can do is keep trying to earn more and more bitcoin, and we will make that profit again.

As long as the COVID-19 is still affecting the whole world, expect that the price of the bitcoin will not rise easily again. There are a lot of panic in the market that makes the bitcoin hard to trade because of the volatility and also the selling pressure. Cash is also a position so we should not trade recklessly.

I wonder what effect this surge upwards will have on those who ran screaming at the bottom. I've noticed that the people on here who lost the plot most spectacularly tend to do it because of opportunities squandered that they never took rather than decisive actions they did take.

Mental health should be observed yet it is irresistible to not to worry because, even though money can be back in the future, many people will have a concern what will they use to buy products and services. The corona virus will also give an extra effect to the decrease of the value in the market of bitcoin. Since we can't do any physical transaction as of now, it is now a chance to help our own mental health.

I really would like to thank the OP, many of us only care about #1 but OP showed a bit of compassion that many people lack in current times. I didn't have too much money on BTC on general statistics, but it was almost 60% of my savings, so for me personally it was quite a blow this nosedive. I however don't fall on that "I could've been so much better if I sold on X" because I know that there's little I could've done to predict what happened, so I'm in peace with that.

Another thing is that too many people don't know how and when to stop, and just because we know it's the best doesn't mean that they do, so again I appreciate the OP for reaching out to them.

With the current market, many people are sad, disappointed, and frustrated with it. It is understandle but yes indeed, please don't ever try to finish yourself because of this crash. This is just temporary and the market will recover, it may take long time but still it will and everyone still have the chance to recover their lost money. Just keep believing.

THE UNIVERSE does not care what you want or hope for...

REALITY:  BitCoin utterly failed in its promise as an alternative to currency for normal purchases.  BitcCoin has now also failed as the safe haven or " Digital Gold " that it was re-branded to be after the first failure.   BitCoin failed it first financial crisis, and the financial crisis is just now getting started, there is a long, long way down to go...

Hard Facts

Become our mental examination when checking bitcoin price down under 30% and to know how our mentality health, does ready faced situation when bitcoin down or go away with cryptocurrency investment. After last day bitcoin down until this time keep stable with lower price and does not effect will bitcoin growing up or stay down.

The important message that we should keep in mind is, even how much money we lose in crypto investing we can still earn it by working hard.

So dont take this bearish trend like it cant recover anymore because there's more room for development that can affect the market positively.

For now stay optimistic and wait for the coins to bounce back again, it will happen once this covid-19 issue is over.

Either they put all the money into Bitcoin for hope to get something in return or they were regretting something back then because they think "it would have been much more better if I could just sell it on X date". It's completely normal and it could affect the mental health of certain people. I do feel that sometimes and that's a sign for you to stop.

WRONG, WRONG, WRONG....

The Bubble Economy is crashing hard, and there will be a depression that will last more than 10 years, there is no " slowly improve " for many years to come....   BitCoin failed it first and only test in a crisis.   Welcome to your new REALITY.

Hard Facts

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You are about as bright as any Cult Member, and you will very richly deserve the results you get.   Rational people here are starting to see that they are not going to get rich, but going to be bankrupt by investing in BitCion.

As for your " QUOTE "  ,  I NEVER, NEVER, NEVER posted anything like that, do you have to outright LIE    I would expect nothing less from a willingly blind cult member, the worst, dumbest kind of people that will do horrible things in the name of their beliefs.

The good news is, I am seeing a lot less " believers " out there, and more of people that like BitCoin, but are very rationally questioning weather they should be investing in it or not...

Hard Facts

The most important that anyone that’s starting to invest in Bitcoin has to know is that Bitcoin is volatile and there is a high risk, you can even lose more than 50% of your money if you’re not careful. So, you’ve got to be careful.And also if you’re teaching people about cryptocurrency, you should as well let them know that there are risks involved; some people are fond of making others believe that Bitcoin is a means to make quick money and the solution to their problems.

People really needs to stop all these and teach them the right way, so that they will understand. If you keep making they feel that Bitcoin will double their money and make them rich, they will invest all their money to double it and then end up losing it.

I'm more of a BTC believer than an investor. The only chamber I'm sitting in is the chamber of belief in a future of cryptocurrencies. I cannot say Bitcoin is going to 0 if I simply do not believe it ever will. That is equal to forcing me to believe something I don't think is going to happen.

You're free to believe whatever you like, but is spreading around your idea that BTC is going to shit the best thing you can do in life? I've been here for years. Few more years and it's gonna be a decade since I started believing in cryptocurrencies. I have supported them ever since and will support & buy them even if BTC gets to a million dollars. That's my point. The freedom of choice & speech does not mean enforcing in someone's brain the idea that something is going to be worth nothing in a matter of time. That's why I always mention "I think" and "I believe" before sharing my thoughts. Bitcoin is a risk. Precious metals, stocks, fiat, real estate, anything is a risk and any investor/believer will assume it. Welcome to risk assessment.

Moreover, getting back to the topic, how are your "BITCOIN IS SHIT BITCOIN IS GOING TO ZERO FUCK IT YOURE GOING TO LOSE ALL YOUR MONEY IM ALWAYS RIGHT" posts helping those out here who are in a very bad financial AND mental health position due to the downfall of cryptocurrencies?

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Someone who bought $40k worth of silver coins in March 2011 can now sell them for only $12k. And that's real material and is also a damn $28k loss. Almost 1/4 of what they paid. What's your point?

Any investor who wants to be in an echo chamber of positive, self reinforcing news is not an investor, he is a FOOL.    That is how CULTS brainwash people in the face of overwhelming evidence of their group dilusion.  This would not be a forum anymore, it would just be a BitCoin advertisement, nothing more.

Agree with me or not, any rational person would look at all risks and possibilities and make his best educated investment decision.

Hard Facts

I don't get why you're wasting your time on this forum if the only thing you're doing is spreading FUD? I'm going to be that "fool" willing to pay even a million dollar for a BTC once it reaches that price. These "fools" will pop up every time Bitcoin gets more scarce and its holders will not be willing to sell it for cheap prices.

Take a screenshot of this page and PM me 5-10 years later. Let's see who wins the argument.

It's funny how you actually named your account "HardFacts" in an attempt to be sort of "woke".

You're going to be the future version of this guy:

NO I DO NOT CALL FOR A BITCOIN REBOUND...  BitCion will go to near zero and stay there, BitCoin's only value is what some greater fool is willing to pay for it, it is nothing but air, zero intrinsic value.

I AM TOTALLY RIGHT:  You can not buy REAL COINS, but you can easily sell your bitcoin for 1/2 price     Just go and try to buy REAL COINS, and see how much you have to pay.  No one cares about the paper price, the real thing will now cost you MUCH more if you can find it.

Hard Facts

I have zero fear this will rebound.
I can see you have zero fear of a rebound.
You call the rebound will take ten years.
You could be correct.

I can handle a long down time as I take profits to help insure against this type of crash.

As for those that never took a profit and just mined and hodl they will be hurting.

So the crash you called for has happened.
You did miss one one thing all stores of wealth crashed.

Right now.
water filters
air filters
bottled water
canned food
hand sanitizing liquids
 
are more valuable then they were two weeks ago.

So your advice was only partially correct.

Gold dropped
silver dropped
stocks dropped
oil dropped

So rather then being gleeful about your clever predictions you should be apologizing for the ones you missed.

You are an opportunist blowhard capitalising on unusual circumstances to push your anti-Bitcoin agenda.  People should absolutely still be ridiculing you.