Calm down. - page 4. | Bitcointalksearch.org

Wind_FURY

legendary

Activity: 2898

Merit: 1823

Quote from: davis196 on July 14, 2019, 12:46:59 AM

The experienced crypto traders are very calm.The newbies are the ones that panic and get excited really fast.Their excitement/panic is manipulated by lots of clickbait articles coming from the crypto news platforms.As we know,those websites are full of exaggerations,propaganda and clickbait shit,like "bitcoin is going to 100K next week". Grin

I like your explanation of those historical price movements.

The face of an experienced crypto-trader. Very calm, and very serene. He considers 20% fluctuations as "very stable", and he eats them for breakfast.

davis196

hero member

Activity: 3164

Merit: 937

The experienced crypto traders are very calm.The newbies are the ones that panic and get excited really fast.Their excitement/panic is manipulated by lots of clickbait articles coming from the crypto news platforms.As we know,those websites are full of exaggerations,propaganda and clickbait shit,like "bitcoin is going to 100K next week". Grin

I like your explanation of those historical price movements.

Reid

hero member

Activity: 3052

Merit: 651

2k USD is a lot but with Bitcoin it is normal.

Some folks just don't see that specially with new ones getting invested in crypto currencies.
I guess we will have to give them a good lesson in history subject. Grin

11k to 13k stability looks good to me. Rather than another fall will come and we will be spreading again looking for some reasons to why the hell it happened. Yeah, the word "correction" will be raped again. Grin

Be aware with some news though. Some of them might be fake ones just for the comfort of the anchor to do his job even if there is no back up facts.

bbc.reporter

legendary

Activity: 3122

Merit: 1492

@bitcoinUF. I reckon he is from America not France hehehe.

@buwaytress. Agreed. However, never include Tom Lee in your list of random idiots. He is a special phenomenon like Gangnam style hehehehhe.

buwaytress

legendary

Activity: 2968

Merit: 3684

Join the world-leading crypto sportsbook NOW!

We must be getting very very different feeds, actually, because my kind of news seems to be rather repetitive but in the almost opposite directions, since April decidedly bullish and that's okay (I still wish it weren't) but since June every 15 mins is some random idiot talking about 100k or 1 million or bull run now or FOMO is here... and they're still harping about it.

They should calm down too, but hey, we gotta have the worst of both worlds, right? Wink

bitcoinUF

copper member

Activity: 24

Merit: 0

Quote from: proudhon on July 12, 2019, 08:12:57 AM

The problem is that a new long term trend has been established as you can see in this confirmed ketchup & mustard analysis:

https://i.imgur.com/jbTpKOz.jpg

Where's the hot dog ant the mayonnaise? Cheesy

Juggy777

hero member

Activity: 2646

Merit: 686

Quote from: 1Referee on July 12, 2019, 12:29:22 PM

News outlets just release news for the sake of releasing news. Price up = news article. Price down = news article. Stagnant price = news article. Speculation offers news outlets infinite possibilities of content whenever they feel it's time for another speculation/prediction article.

It's time for people to not get triggered by these articles so easily. In fact, I actually enjoy reading through some because of how poorly set up their are. It's hilarious reading through the analysis of a nobody over at a reputable news outlet just talking shit. The moral of the story is that no matter how long they have been reporting about crypto in general, they still don't get it. Cheesy

News media outlets job is to create clickbait titles and spread hype among the masses, that’s how they’ll get unlimited traffic and revenues from advertisers. What is ironic is in the same day you’ll find them saying bitcoin bull rally has began, suddenly the prices fall down they’ll issue a fresh release and say avoid bitcoins. I’ll agree with you I too read it for the drama part, and not for the knowledge aspect because I find more knowledge in the forum then I find in those articles.

bbc.reporter

legendary

Activity: 3122

Merit: 1492

@1Referee. I reckon most of the bitcoin news websites might be similar to ICOs or altcoins. They will be insignificant after the hype has gone hehehe. How many of the are there spreading the same news with clickbait titles and lower quality? There are too many of them.

1Referee

legendary

Activity: 2170

Merit: 1427

News outlets just release news for the sake of releasing news. Price up = news article. Price down = news article. Stagnant price = news article. Speculation offers news outlets infinite possibilities of content whenever they feel it's time for another speculation/prediction article.

It's time for people to not get triggered by these articles so easily. In fact, I actually enjoy reading through some because of how poorly set up their are. It's hilarious reading through the analysis of a nobody over at a reputable news outlet just talking shit. The moral of the story is that no matter how long they have been reporting about crypto in general, they still don't get it. Cheesy

BitHodler

legendary

Activity: 1526

Merit: 1179

Quote from: goaldigger on July 12, 2019, 08:02:30 AM

The price really can disburb your inner peace. Its strong volatility and agressiveness makes it more exciting to invest but let your emotions makes your thinking unaccurately. Just calm down and observe because there's more to come in bitcoin.

I think it largely comes down to how much risk you expose yourself to. If you go all in with your life savings, then sure, it will be one heck of a stressful rollercoaster. One day you feel great, the other day you feel bad and suffer a lot.

If you only use a relatively smaller part of your savings (5-10%) it's much easier for you to ride these fluctuations out without feeling depressed or stressed. By going all in you're basically asking for problems.

Also, you should make sure there is always fiat available to you in case the price goes down. That way you'll be a happy buyer on the way down, especially if you're here for the long run where you want the most bang for your buck.

FanEagle

legendary

Activity: 2884

Merit: 1117

Look I am bullish on bitcoin as much as the next guy and I do feel like it will go up more than people even imagines but at the same time looking back on history and hoping that it will do the same thing is quite wrong. This is bitcoin, it can go up or it can go down but it doesn't have to do it in the same way that it has happened before, it could do it much differently this time around.

How 2011 increase was different from 2014 and 2014 was different from 2017, this could be different from all others as well. That is why even if you are bullish (or if you are bearish on bitcoin but then why are you here at all) then you should still not look back on the old charts and try to imagine what would happen if the same thing happened here, that is only assumption that might not happen and would ruin your predictions.

proudhon

legendary

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Merit: 1311

The problem is that a new long term trend has been established as you can see in this confirmed ketchup & mustard analysis:

goaldigger

sr. member

Activity: 2422

Merit: 357

The price really can disburb your inner peace. Its strong volatility and agressiveness makes it more exciting to invest but let your emotions makes your thinking unaccurately. Just calm down and observe because there's more to come in bitcoin.

rdluffy

legendary

Activity: 2366

Merit: 1408

For me BTC is very strong at the moment, it's holding more than 11k, no 10k for a few days, it's a great signal
People acts like crazy about these dips of 10% or 15%, commom guys, it's normal

Quote from: barota on July 12, 2019, 06:05:42 AM

Calm down and stop buying at this crazy and expensive prices
Every day .. a coin deleted or added from exhanges Because pumps of bitcoin
bitcoin will crash soon

Oh no, please, explain to me this, now I'm curious about such kind of theory Grin

Every day .. a coin deleted or added from exhanges Because pumps of bitcoin
bitcoin will crash soon

barota

sr. member

Activity: 1176

Merit: 286

Calm down and stop buying at this crazy and expensive prices
Every day .. a coin deleted or added from exhanges Because pumps of bitcoin
bitcoin will crash soon

Wind_FURY

legendary

Activity: 2898

Merit: 1823

Quote from: Qoheleth on July 11, 2019, 10:27:21 AM

This historical behavior, to me, implies two things:
1) For cryptocurrency as it is today, even "stability" sees 20% fluctuations.
2) Months-long periods of this "stability" are normal; not everything is boom or bust.

That reminds me of a meme someone posted in WO. It was a picture of a very old man with white hair and a beard, and he was saying, "Who said trading Bitcoin was stressful? I'm only 23, and I feel great!" Hahaha.

pooya87

legendary

Activity: 3472

Merit: 10611

sometimes i think some people see the market in black and white. it either has to be rising constantly and reach the "moon" or it has to drop constantly and "die"! it appears they can't see any middle ground where price is slowly rising with corrections on the way, or with moderately stable phase where we mostly have sideways action between a fixed max and min price, which in this case is between $10k and $13k.

in any case, excellent charts. thanks for posting an important part of history.

bbc.reporter

legendary

Activity: 3122

Merit: 1492

It is easy to disparage the media to calm down ourselves hehehe. However, we should also ask why bitcoin is beginning to approach near the volatility it had in the beginning of 2018.

I reckon it might be whales on high leverage trading again.

Baofeng

legendary

Activity: 2576

Merit: 1655

Yup, that's crypto media for us, every blip/glitch in the price is always reported but then with added hyperbole to hype their news articles. That's why you really need to learn to read between the lines, otherwise you will be suckered by the on-coming news in the ecosystem.

Let's this be a lessons for newbies or individual who wanted to enter, crypto journalism is bad and don't believed everything you read, use your common sense or at least investigate and learn to weed out fakes news and go to the source.

arpon11

sr. member

Activity: 882

Merit: 282

Yesterday, Bitcoin started very well in the morning before the comments by Powell on libra coin , push the price down to below $11200 from $13,116 as at the time the news about his comments hit the media. Today he has also testified before the Senate and make a comments that should push bitcoin upward and you can watch him here: https://youtu.be/iSRfoBp_Fq0?t=622. I see this as a confirmation from him that bitcoin is as good as gold and it is here to stay. After watch this record on YouTube I have calm my mind and I will like to joined op to encourage us that the up and down (fluctuations in price) we see happening now had been there before and we just need to calm ourself as the storm will continue. According to Powell ”Bitcoin is a speculative asset” and as such we should not expect it to be stable for long periods of time.

Topic: Calm down. - page 4. (Read 1197 times)