Well said mate, we are facing a crisis now, which is the COVID-19, a very strong and dangerous virus to the point that different economy of different countries falls and even the market also falls which resulted of bitcoin dumping, but do not lose hope by that things. We had experienced these things before, bitcoin reaches for about 2000$ before but look, the bitclin still bounce back and recovered, so I think the bitcoin will rise again, just believe to the bitcoin, do not sell your coins with lower amount.
Just hold it and wait for the bitcoin to rise again. That is the best option that you may do as of this moment.
Topic: Bitcoin's price, and mental health. - page 7. (Read 3587 times)
The last thing I ever do is to worry myself about money. Whatever happens, it has happened and there is nothing you can do about it than to endure and have patience till everything comes back in place. Yes, you're going to feel bad for losing your money, but you should take it as part of the experience you're meant to have in life and then work hard in getting back what you have lost and even bigger than your past.
The first time I invested in bitcoin I had a similar experience and that was around 2014 or 2015, that I invested $250 and within a short while the price of bitcoin dropped and what I was seeing in my wallet was around $190. I didn't worry myself because that amount wasn't much, I invested a little cause I was still new to it. But even if I did lose much, I still wouldn't bother myself, life they say is the biggest gift of all.
The first time I invested in bitcoin I had a similar experience and that was around 2014 or 2015, that I invested $250 and within a short while the price of bitcoin dropped and what I was seeing in my wallet was around $190. I didn't worry myself because that amount wasn't much, I invested a little cause I was still new to it. But even if I did lose much, I still wouldn't bother myself, life they say is the biggest gift of all.
We all know the price of the bitcoin is going down deeply, because of the pandemic coronavirus. But many people that using bitcoin are experiencing such sadness because many people are regrets of sudden decline in the price market. I must to say that when the crisis comes like this it is normal to fell the bitcoin price deeply, the only thing we do is to pray that the pandemic coronavirus are gone or to find a cure for that disease and if the time comes when everything are fine, the market price are slowly going back to normal.
This guy is making the typical mistake of a DUMB person. It is not the CoronaVirus that is causing the price decline of BitCoin, it is the ECONOMIC CRISIS, which will get worse and last for many years to come....
Zoom out. What's the price decline? Look at this beautiful logarithmic chart,
Plus do you believe an economic crisis will be forever? Research what happens after an economic crisis.
Weak hands, sell! We HODL!
In moments like those in which the world is going through, the best thing is to have clear thoughts according to the most intelligent decision, what is most recommended is investment, because now what the world is most impacted on is the Covid-19. The mental health of many investors could be said to be on hiatus, since what they most want is to live, to survive. For now in those countries like China that have exceeded the fundamental are the ones that take the most advantage of improving their economy, I think it will be a matter of no more than 15 days that the price of Bitcoin continues on its recovery path.
BUT, a lot of people mortgaged their houses, borrowed, used money they can not afford to lose hoping to get rich from a BitCoin investment. These people will be DESTROYED mentally and financially if BitCoin goes down in the 1000's or below.
Then that's the fault of those particular people, not Bitcoin. They'd have undoubtedly found something to lose their money on if they're doing stupid shit like that.
theres so lots or much things in this world that you can still done not just on making money.
THAT DEPENDS on the person... If a person just used " Gambling Money " to buy BitCoin, if it goes down to near zero he will be OK. BUT, a lot of people mortgaged their houses, borrowed, used money they can not afford to lose hoping to get rich from a BitCoin investment. These people will be DESTROYED mentally and financially if BitCoin goes down in the 1000's or below.
For some people MONEY IS LIFE, imagine trying to survive on the streets with no job, no money, and having lost everything.
Hard Facts
Emotional people are really present always here on investment world on when the time their ports becomes deeply red then they do consider out on committing suicide to solve up the problem
which is a totally a dumb thing to be done and as said- money can still be found and possibly recovered - . People are way too different though when it comes to emotion handling, some arent just to
that tough when it comes to difficult situations thats why suicide is the primary thing that do comes out into their mind to solve out everything without even re-thinking that life is more precious
and theres so lots or much things in this world that you can still done not just on making money.
which is a totally a dumb thing to be done and as said- money can still be found and possibly recovered - . People are way too different though when it comes to emotion handling, some arent just to
that tough when it comes to difficult situations thats why suicide is the primary thing that do comes out into their mind to solve out everything without even re-thinking that life is more precious
and theres so lots or much things in this world that you can still done not just on making money.
That's correct. Just keep "holding" this is not the first time the market crash. What was lost can be gained again as long as you are well and sane. So hold on through this wave.
We all know the price of the bitcoin is going down deeply, because of the pandemic coronavirus. But many people that using bitcoin are experiencing such sadness because many people are regrets of sudden decline in the price market. I must to say that when the crisis comes like this it is normal to fell the bitcoin price deeply, the only thing we do is to pray that the pandemic coronavirus are gone or to find a cure for that disease and if the time comes when everything are fine, the market price are slowly going back to normal.
This guy is making the typical mistake of a DUMB person. It is not the CoronaVirus that is causing the price decline of BitCoin, it is the ECONOMIC CRISIS, which will get worse and last for many years to come....
Hard Facts
We all know the price of the bitcoin is going down deeply, because of the pandemic coronavirus. But many people that using bitcoin are experiencing such sadness because many people are regrets of sudden decline in the price market. I must to say that when the crisis comes like this it is normal to fell the bitcoin price deeply, the only thing we do is to pray that the pandemic coronavirus are gone or to find a cure for that disease and if the time comes when everything are fine, the market price are slowly going back to normal.
A few weeks ago when bitcoin dropped to $ 4,000 many people panicked and sold at cheap prices. There are even cases of stressful
bitcoin holders and exposed to mental health, some think to suicide. Things like this are really worrying, we if playing investment must
have a strong mentality. And you should be able to face investment risks calmly, especially the price of bitcoin is very volatile. So the
price dropped drastic is a natural thing, it will also rise again later. Evidently now the price of bitcoin has gone up to the price of $ 6200,
I'm sure in the near future will return to the price of $ 10k.
bitcoin holders and exposed to mental health, some think to suicide. Things like this are really worrying, we if playing investment must
have a strong mentality. And you should be able to face investment risks calmly, especially the price of bitcoin is very volatile. So the
price dropped drastic is a natural thing, it will also rise again later. Evidently now the price of bitcoin has gone up to the price of $ 6200,
I'm sure in the near future will return to the price of $ 10k.
No. Those are simply weak hands selling. What are their plans when Bitcoin goes back to the road to 6 digits? Buy again? Haha.
Believe.
This guy Wind_FURY is one of the dumbest, most dishonest people in the forum.
I'm the stupid one in the forum. Dishonest? No.
Quote
Using a non linear graph and trying to show a trading band is NOT VALID. Even a dumb person can see BitCoin price has been in a downtrend since its high in DEC 2017.
It's not valid for you, because you want to see what you want to see. The reaility is, zoom out, and see everything.
Quote
Would anyone invest in a Wall Street investment if your broker said " Believe " ? When someone tries to tell you something and says " Believe ", that is exactly when you should RUN AWAY.
Wall Street? Those scammers? Hahaha.
Yes, believe. DON'T BUY IF YOU DON'T.
See you in 5 years.
Quote
Only the dumbest, most uneducated fools would fall for a snake oil salesman saying " Believe "
Bitcoin doesn't care.
Believe.
I think that, many people thought that bitcoin's safe haven capabilities meant they'd only gain money during the crisis, and because btc's price dropped then now they seem to have turned their back on BTC, at least temporarily, BTC needs to be in a more stable position so that its fluctuations (much like gold's) is of about 5% or 10% tops during times like this, in that moment is when people will start considering it a safe haven in my opinion.
The LIE of BitCoin as " Digital Gold " or a " Safe Haven " has been exposed. No rational person is buying that false narrative anymore. A 50 % crash in price due to the economic crisis told every rational investor that BitCoin was nothing more than gambling at the Casino
Central Banks, Countries, and Large Institutional Investors are getting as much Gold as they can, NONE, NONE, NONE of them are buying BitCoin.
WISE UP, That pipe dream is OVER.
Hard Facts
It was a rough experience back in the days when bitcoin fell also the same way as this as that was my first experience to market crash like it was around 4k.
BitCoin grew up in an economic bubble when everything went straight up... BitCoins reaction to its first ECONOMIC CRISIS should worry everyone. Cult like " believers " are not investors, and they will deserve exactly what they get.
BitCoins recent price drops should WORRY everyone, and of course losing your investment will affect your mental health. The " believers " will be the hardest hit when they have lost everything and living in a delusional fantasy is no longer possible
Hard Facts
It's interesting to talk about bitcoin price movements in the current period which can be considered a crisis due to the corona outbreak, maybe this could be one of the years when bitcoin will have an important role throughout the world to become one of the safe heaven alternatives besides gold.
It is not impossible if the price of bitcoin will immediately skyrocket when this corona outbreak ends
I think that, many people thought that bitcoin's safe haven capabilities meant they'd only gain money during the crisis, and because btc's price dropped then now they seem to have turned their back on BTC, at least temporarily, BTC needs to be in a more stable position so that its fluctuations (much like gold's) is of about 5% or 10% tops during times like this, in that moment is when people will start considering it a safe haven in my opinion.
It was a rough experience back in the days when bitcoin fell also the same way as this as that was my first experience to market crash like it was around 4k.
BitCoin grew up in an economic bubble when everything went straight up... BitCoins reaction to its first ECONOMIC CRISIS should worry everyone. Cult like " believers " are not investors, and they will deserve exactly what they get.
BitCoins recent price drops should WORRY everyone, and of course losing your investment will affect your mental health. The " believers " will be the hardest hit when they have lost everything and living in a delusional fantasy is no longer possible
Hard Facts
It's interesting to talk about bitcoin price movements in the current period which can be considered a crisis due to the corona outbreak, maybe this could be one of the years when bitcoin will have an important role throughout the world to become one of the safe heaven alternatives besides gold.
It is not impossible if the price of bitcoin will immediately skyrocket when this corona outbreak ends
No. Those are simply weak hands selling. What are their plans when Bitcoin goes back to the road to 6 digits? Buy again? Haha.
Believe.
This guy Wind_FURY is one of the dumbest, most dishonest people in the forum. Using a non linear graph and trying to show a trading band is NOT VALID. Even a dumb person can see BitCoin price has been in a downtrend since its high in DEC 2017. Would anyone invest in a Wall Street investment if your broker said " Believe " ? When someone tries to tell you something and says " Believe ", that is exactly when you should RUN AWAY.
Only the dumbest, most uneducated fools would fall for a snake oil salesman saying " Believe "
Hard Facts
Anyone that’s having a thought of taking their own life should please stop and look for help, this is not the end of the world, things are going to get better to be sincere.
There have been cases that are similar to this and things still got better, so this situation is just a temporary situation and not something that’s going to be permanent, just relax and wait for it and moreover life is the greatest gift of all, as long as you have life then it’s never late, you can always recover everything that’s lost. You might give up today and things will get better tomorrow, and then you will no where to see it. So relax guys.
There have been cases that are similar to this and things still got better, so this situation is just a temporary situation and not something that’s going to be permanent, just relax and wait for it and moreover life is the greatest gift of all, as long as you have life then it’s never late, you can always recover everything that’s lost. You might give up today and things will get better tomorrow, and then you will no where to see it. So relax guys.
it is easy to believe if you are long enough in the industry, of course there is plenty of people that were introduce to BTC by mass media in 2017, bought it on the top, and for them this is a meltdown, but three facts should be always in mind prior to investing:
- never borrow money for risk investments
- always do your own analysis prior to investment
- never invest more than you can lose in any investment, especially risky ones, like BTC
- never borrow money for risk investments
- always do your own analysis prior to investment
- never invest more than you can lose in any investment, especially risky ones, like BTC
Yes. This is the type of balanced stance the topic should aim for, IMO. I know it's tempting for some, myself included, to counter-troll the OP with an equally strong retort, but that's not sound advice for others.
Ideally aim to hold perma-bears and perma-bulls to the same level of skepticism, because the truth is that no one can accurately predict what's going to happen to prices.
If you try to predict a drop, it might go up.
If you anticipate a rise, it may fall.
If you suspect prices are going to stabilise, volatility could increase.
If you think there's going to be a sudden move in the markets, prices could well remain as they are.
No one knows.
No. Those are simply weak hands selling. What are their plans when Bitcoin goes back to the road to 6 digits? Buy again? Haha.
Believe.
Believe.
it is easy to believe if you are long enough in the industry, of course there is plenty of people that were introduce to BTC by mass media in 2017, bought it on the top, and for them this is a meltdown, but three facts should be always in mind prior to investing:
- never borrow money for risk investments
- always do your own analysis prior to investment
- never invest more than you can lose in any investment, especially risky ones, like BTC
It was a rough experience back in the days when bitcoin fell also the same way as this as that was my first experience to market crash like it was around 4k.
BitCoin grew up in an economic bubble when everything went straight up... BitCoins reaction to its first ECONOMIC CRISIS should worry everyone. Cult like " believers " are not investors, and they will deserve exactly what they get.
What was the reaction?
Zoom out.
Quote
BitCoins recent price drops should WORRY everyone, and of course losing your investment will affect your mental health. The " believers " will be the hardest hit when they have lost everything and living in a delusional fantasy is no longer possible
No. Those are simply weak hands selling. What are their plans when Bitcoin goes back to the road to 6 digits? Buy again? Haha.
Believe.
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