Topic: Calm down. (Read 1197 times)

Calming down is the last thing non-pro traders will do, lol. When they see the price crashing, it is hard to let go the image that you're losing money but in fact, you already gained a lot from $3,000.

Yes it could also be hard for crypto enthusiasts who are financially bankrupt, even though that they believe and know that price will boom, but won't have a choice than to sell to survive from hunger.

Have you ever watched a suspense movie before? And you know that feeling you have till the movie is over, that is the same suspense that long term investment usually give investors, the feeling of seeing a price grow high now and you don’t know whether to pull out or not is not that easy and we must really give a thumbs up for we that are really rocking or long term investment, we will all smile at the end.

Those who are doing shorts in the market now would rally regret their actions one day because the point the exit prematurely is when the price will start mooning and may be quite difficult for them to buy back then as they will be confused about which direction the market will go which technical analysis would not even be able to help them out at that point.

we are very very calm you can't be too agitated as a trader for a long time
this would lead to bad consequences , besides I see no reason to be anxious - its business as usual
historical trends as well as any other tech analysis are working until they do not , just do not succumb to FOMO and you are going to be fine
we are lucky to be at this price range now , remember the 3200$ lows this year when everything was looking very grim?
there is no reason to believe it wouldn't happen again , several bad news, hacks and another government regulations
and we see panic sales and fear  and crashing markets
so indeed , calm down and do not let your emotions deprive you of the profit

That will happen too with traders who need money for their daily life because will cut loss their coin no matter how much the price in the market. Maybe some of us can be calm down, but the other traders cannot do that because many of them still cannot hold their emotion to see the price is jump deeper to the lowest price.

But yes, maybe calm down will help us to search the other way to survive in the unstable market like today. We need to learn about calm down for more so we can to see the chance to make a profit again.

You sound like those two words are crime or offences, this two are naturally, it just depends on how it is being used, like the scenario that he gave, that can of movement is obvious that it is an artificial pump, although fomo could actually cause it to have that sudden increase, the first increase is usually the artificial pump, but when you start seeing those second increase, then you should know that fomo has already set it which is usually organic pump, because everyone will want to start buying, but the disadvantage of such type of movement is that it creates very sharp decline at a little panic.

Look at how the price has been moving now slowly and steadily, it has fallen severally but yet it still did not create panic because people were already used to the movement, which is why I personally like this movement more than the other fast and sharp increase.

Things will always be change and the current trend is giving in favor to us (buyers). A lot of people waiting for the price to drop by and so we can buy more potential coins. It might trigger FOMO to some holders and let their hands sell the coins, then will be catching on it.

Calm down? It could be hard for weak hands and doubtful individuals, but for us who know crypto will patiently waiting for another market strike.

Why do you want it to go higher if you are not considering dumping at a higher price  ;-)

But yes you want to turn the trend and I understand that. You want long term gains. Get the FOMO to drive up the price.

You can also all dump together and then buy back double at the bottom.... That is probably what is happening now.

^^ It could be called pump but definitely not dump because there is no going down . The method is basically pump and dumps just the pump part but its so much big and so much money involved that it doesn't considered as a pump but a bull run.

All of the bull runs we had so far in crypto has always been people who are getting into a coin all together, that could be bitcoin that could be altcoins but when there is a hype about the price of a coin that is considered to be going up there is a huge rush and everyone buys it and that creates a big pump looking movement. That is why pumps and bull runs are so different you have to literally do a fake volume and fake purchases for it to be considered a pump, if its legit a hope that it will go up than its called a bull run.

They call this a Pump n dump...

I think the breaking point is how high it goes but more important part is how fast it goes there.

For example, if the price hits 13k and stays there even for a day than of course there will be a correction, however if price moves to 13k in 24 hours (for example lets say tomorrow) and than it goes to 15k next day than 17k the day after that, suddenly we are in a such bull run that nobody wants to sell and everyone wants to wait and see how high it goes and suddenly cashing out becomes not so important or loved.

Hence, I think how high it goes is of course important but how fast it goes there plays a bigger role in peoples mindset about when to buy or when to sell, we should try to wait around and gain more and more usdt first and when we have enough we should all attack at the same time.

Dips are always blessing in disguise to me, and anytime there is a dip, instead of joining them to panic sell, it is better that we just see it as blessing and then invest in the dip, whenever the value of the coin is down and then we buy at that moment, it would be impossible for us not to make profit from it even if it is going to be in a shirt term.

I think the moment we invest in a reliable coin like bitcoin, we need to learn to just calm down and continue to study the market every thoroughly for us to be able to make a decision that will give us a very great turn around on those investment coins. As we see some people complain and panic sell anytime that bitcoin goes down, some people are just on system every minutes looking to buy low and sell high.

Demand is the real factor to the rise in value of bitcoin, and you are right that its increase is not solely dependent on the holders but on users, even if we don’t have people holding on their coin in the portfolio, provided the demand of it is high and constant, the value of bitcoin will keep increasing.

If we say it is tied to holders, then how long would people continue to leave their money in bitcoin, at one point, people will find and see need to always remove their money in it. Although those people who are doing shorts too always contribute to the reason why the prices do crash because some of them do withdraw large amount of money from the market at once when there is no influx of demand, if there was influx of demands, as they remove, them it will be replaced back.

Nothing can be prevented, this sounds like trying to hold my breath.  BTC is gradually spent by people just normally on everything from pizza to games.   Not spending is not going to happen, which has to involve selling BTC for FIAT as there is cost to those goods which involves companies paying FIAT paying taxes etc.
The only real way to be sure BTC is ascending in price is for a growing population of users, thats the base case scenario and its inevitable the price is going to get ahead of the curve and be anticipating far more usage then is actually occuring.

People always talk about holding, I'm bullish on using and circulating the Bitcoin.  If it was all hold not use, we dont have a proper currency right ?

Just really be persistent and don't give up because if you do hop out mid way then theres no chance for you to improve.

Become calm most of the time is suggested but this will depend on the level of your experience with this very unpredictable market.
Set your goals,it might not be directly goes on your desired way but at least you are hoping for something.

Yeah, that's what I was trying to convey

And that's basically the reason why most traders, especially wannabe traders, are losing eventually. They sell at lows because their instincts tell them to sell, as well as buy at highs because the same instincts tell them to buy even if they are fully aware that these instincts may be pushing them into making rash decisions and moves. We are built to trust our instincts without unnecessary reflection or hesitation so as not to get caught and eaten by the proverbial lion (a pride of lions). But they don't work in trading. Well, they actually work quite well but against us, simple folks

I am not sure what you are trying to say here ? People will surely sell the bitcoins and altcoins when they go higher and there will always be a correction. If you say that everyone just keep on holding and do not sell, the prices will automatically rise, then you are wrong. This is not how the crypto market works. Whales will always pump and dump the coins to keep getting the benefits.

Everything that would give out advantage wont really be easily attained.It would take lots of time and experience before you would able to achieve such state.We have our own wills but lots of factors that does affect out mindset and mainly affecting our emotions thru our decisions.

Failing out with our own system doesn't mean that we aren't fit on this field and come to think lots of people do make their own strats to be efficient but still failed up.

As I have gained more experience as a trader the more I understand that the biggest challenge is not to create a profitable system but my own psychology, those biases are there for a reason since they help us in other circumstances, for example if I were lost in the wilderness and suddenly a lion appeared then it will make sense to put all my attention to the lion, if I were to wonder about all of those instances in which I did not encounter a lion then it will be over, however the zero sum nature of the markets establish that the majority of the traders must lose and since they use those biases when they are trading then that means the traders that want to be successful need to go against their most basic tendencies and that is hard to do.

Well, it is impossible to ever make people keep holding their coin, and holding it is not the main answer to bitcoin witnessing a very high value, bitcoin was never even meant to be just held in the wallet, it was because we started using it as investment alone that we always advise people to hold it in wallet.

If everyone really take bitcoin for what it was created for, naturally, people will hold it in wallet and at the same time still use it to carry out their transactions such as payment of services, salaries, and many more things that bitcoin payment may be useful for. What we need now is not just to campaign on making people hold BTC, but to campaign on enforcing people to recognize it as a payment utility for their businesses and financial transactions.

If we need to prevent the prices from falling then we need to hold them,selling at higher price will let the bitcoin to be down and the recovery needs to happen then it what it will lead to if that process keep repeating.

I agree into the thing you had said this do also matter on what trading we are taking into yet we know that there were shorters specially on margine ones.
If the market tends to go to the floor they do make out money and for those who do hold,it can really give out that kind of anxiety feeling but we wouldn't actually lose
something if we do just simply hold on with our positions.

Market seems very calm to me by its ordinary standards.  I've kept a window open for alot of today and its barely done anything except slowly sideways up a wall inch by inch rising from 10k seemingly it wants to get 11k or some unknown target.  
So long as its above 10,050 I'm hesitant to call it negative at all for the short term.   Medium term Ive been expecting more selling but perhaps nobody wants to sell, hard to believe thats the case.   Its definitely not in a trend upwards any longer as previously true this year.



Heres its likely book end for this move, a point of previous turns back and forth and now its underneath so its a top.   

Trading is essentially a form of reality check for us all

We may form some ideas about future price action (mostly delusions even if correct) based on our prior beliefs which essentially have nothing to do with market and its laws. And what adds insult to injury here is that we actually feel being right about our decisions even if they were proven wrong time and again in the past. We just can't first understand and then internalize (i.e. make it an integral part of our belief system) this sad discrepancy because it is so strikingly against everything we have been internally hard-wired for and equipped with by Mother Nature

Calm down will be a solution for us to wait for the market to rise again and gladly, right now, we see the bitcoin market is increasing. We already break $10k although right now, the price back to the lower price but I am sure that soon, the price will break more than $10k. We can be ready for the coming, and we can prepare to sell bitcoin at a higher price again. But be careful, we still need to prevent from the down of the price that could happen in anytime.

That would be nice if that will happen, and that means it will start next month.
Crypto world is really unpredictable, the price volatility would make some people crazy if they don't know how to manage their emotion.

Anyway, I'm still hopeful the rally will start soon, not only for bitcoin but on altcoins as well.

That is called the recency bias and for a trader it is one of the worse biases we may have, one perfect example was the bubble of 2017, when the price reached the top and began to go down many traders instead of taking their profits thought the price will continue to climb and they began to buy even more coins, then when it finally became clear we were in a downtrend instead of selling they held because the previous high price was still too fresh in their minds and we know the horrible losses they suffered as a result of that bias.

It really depends which side of the trade you are on

If you are massively shorting, then falling prices will be a godsend for you. But that's the whole approach to short-term trading as you ride the wave irrespective of its direction, either on the way up or on the way down. So it is not like short-term traders specifically who should be complaining as all they need to make profits is nice price swings and solid volatility (pardon the oxymoron). And we have had enough of those recently to make short-term traders happy. It is a flat market which makes them anxious and nervous, embarrassed and frustrated

The market is still healthy as it looks even the price is still at a low. The market resistance isn't that strong to make it more pumps than of sloping price trend. Though it looks like that and it is not a reason why we have to lose of hope instead of being motivated enough and stay positive.

It is something could surprise us in the next quarter (as I think). What it did last BER season will probably be seeing it again.

I'm not as certain of it going upto a new high this year, the price tends to swing overly in one direction or the other and we have already over reached to the last high.   The high seen was past the regular trend and its the regular gain I measure as being the top not the spike that was registered as the very highest pricing.   
   The reason to take a regular high over a sharp peak would be volume I think, far more people will have traded the 10 to 11k area then the very highest pricing which becomes inaccurate just like the very lowest pricing also tends to be a spike.

11,111 on 20th July was the last attempt to keep a positive trend and its fallen to 9450 now which is a fall of about 15%   a calm decline by Bitcoin standards

Bitcoin has retreated about 33% from this 2019 bullish momentum and it is currently trying to find bottom below 50ma. It will take high volume for bitcoin to cross $10,000 before Wednesday and we are expect this to happen. Bitcoin will definitely going to cross $20,000 before end of the year or first week of next year as we move close to the halving date.

Short term traders will really be the one mainly affected because profitability and loss does matter even on the slightest movement or swing on prices.

But eventually where they are more riskier than holders but when it comes to profits they are the ones who do have much better chance to make money on shorter terms.

Calming down on dumping prices? Easy to say but when you are on the situation it wont really be that simple.

This is definitely not about "some individuals"

As it is more about all of us because this is how human mind and brain work in general. Our expectations of the future events (in this case, Bitcoin's price) are intuitively based on, and subliminally affected by, the most recent happenings. So even if we know for certain that the last price decrease is only a minor correction, we still feel worried or even terrorized by this drop

It has more weight for our internal decision-making machinery simply because it is closer to us and thus influences us stronger. In other words, recent events have more weight than remote ones even though the former are temporary while the latter are here to stay (and despite the fact we may actually know that)

I love this post and it was clearly explained how cryptonians should stay calm and never panicked even how hard the market moves down

In many occasion we have seen many of this but yet we manage to come back and made a good bounce back.the chart is very clear on how the flows of prices for years and the outcome always in positive traits

Thanks for this post OP and looking for many like this in future specially when the bad new always brought here to make Fud

A tweet from Pantera Capital.

To the deniers of a 6 digit Bitcoin, I will steal this quote, "If you don't believe it, or don't get it, I don't have time to try to convince you, sorry."

Stay calm. Buy the dip, and HODL.

https://twitter.com/panteracapital/status/1154074046692286475

Smart investors knows a thing or two in this market.  I meant they didn't better smart over night. Maybe thru their journey, they also experienced this panic mode, and sold as well. But as they grow, they have been educated that emotional trading will cost you money in the end.

So the HODL strategy don't come without a price. Most of the time you need to suffer a lost before you truly understand what HODL mean.

Agree, even at a very bullish market, dips will likely to occur and bitcoin market is no exception here. The good thing is that it's either we panic and look for the long haul. So for smart investors, they don't panic when there is blood in the street, but rather buy because the price is at a discount again. bitcoin investment is a journey, hence people are calling HODL strategy.

Dips like the one we seem to be coming out of have happened during every bull market Bitcoin's been in, and they'll likely continue to happen to shake people out of the markets before a bigger run up happens, especially now that leveraged trading is as common as it is now. Times like these are also great times to buy in at a temporary discount, which is why I always keep a bit of fiat money on the sidelines ready to buy in. If you're thinking for the long term, this isn't much of a concern at all and you have other things to worry about.

The FUD hurts many people by selling at a loss, I’m also thinking to sell because of panic but my friend keeps on preventing me from doing that, i think its really not good to sell now. Bitcoin and other altcoins can recover, we have to wait for that patiently hopefully the price starts to grow again next week.

We have moved down from 20 thousand dollars to 3.2 thousand dollars, then we moved back up to as much as 13 thousand dollars. Hell once we moved from 1400 dollars to 150 dollars and then reached all the way back up to 20 thousand dollars eventually.

What people are missing out when looking at bitcoin is the fact that bitcoin can go down, it can go down A LOT, like not even this much, it could be 2.5 thousand dollars in a month, that is fine, because in the end we really are persistent on bitcoin price going up so we work on that and eventually make it go back up. Just like we managed to make that 3.2k bottom this year into 10k right now (even reached as much as 13k) we will continue making that go even higher as well, it will take time of course but it always happens. So yeah, calm down, relax, take deep breathes and just continue investing.

It is very normal and this keeps on happening when the market rises and you will see that falls will follow it. So all those who thought it will not rise just wait for some time. Market will recover soon and again market will rise back from this drop.

It is like we sing a song, but that is the truth here
We still need to patient and needs to calm down to wait for the market to be back to the higher price.
I guess we are still in the correction moment right now because the price seems to wait for something and then will increase higher.
Maybe it will increase in the next week or the next month because we are in the middle of this month, so we need to calm down for more.

Everything is going to be alright.

We have seen downtrends a lot of times already, and those who have been in crypto for more than five years, already know that this is weird and there is nothing else to do with it.

So keep calm, and keep waiting until a good opportunity to make profit comes back again, that's it.

Extremely well written and said. Kudos to you.


This correction should really only spook out those who were trading on margin that were going long with tons of leverage, or weak hands who probably bought due to the fear of missing out at highs of around $13k. Long term investors should not be concerned whatsoever.

These periods of sustained dips, as you mentioned, are nothing out of the ordinary even in bull markets. Especially when you look at this type of market activity as consolidation (especially from a psychological standpoint, the notion that you mentioned as "people get comfortable with these prices") of gains that were made over past months, it's actually healthy.

Plus, looking at historical trends, it's very likely that prices will likely near its peak only after the halving which is still miles away. Relax, take this opportunity to bring your buy average down. I'm confident enough in bitcoin's fundamentals, especially after LN, that adoption will pick up over the long run.

No bitcoin not crash and people not should be scared of nay drop, and start panic sell, they should wait and see how if market recover or start drop more, but there is a lot of FUD and this affect some people.

What was this great FUD, anyone got a precise video on it.   Hard to believe they would criticise Bitcoin especially because there is far larger more obvious, more likely alternatives to the printing of dollars for value.   Bitcoin is just mostly within its niche is how I see it, we hope it expands but this sounds alot like an elephant afraid of a mouse.


Ok got the video of our esteemed Treasury Secretary, thanks to Brew above - https://www.youtube.com/watch?v=aDmhT9UZPIk

The news has a great power to move crypto markets, there is no way people will deny it. for example currently because of the facebook currency being under great pressure by the American politicians the price of bitcoin is being affected and thisis because unfortunately people were buying bitcoin because they thought that with the currency of facebook being launched would create space to also promote bitcoin and consequently attracted many investors.

The market was looking like it will cross $11k twelve hours back and now i am surprised to see that the market slipped below $10k as i did not see any major negative news and i would say it is best for investors who thought they have missed the boat to invest during this period rather than diving in when the market is soaring. When the market broke the $10k resistance a few weeks back i was not sure where it was heading, hopefully we will not go down below $8k.

here is the link: https://99bitcoins.com/bitcoin-obituaries/
but it is not "people" sharing anything, it is all about articles that tried spreading FUD about bitcoin in major media outlets.
it is a good thing to see, specially those that belong to years ago to the time when price was something like $1 and they were saying it can't be sustained, and $10 is too high or things like that which people are also saying today but the "numbers" they use are different

Satoshi saying Bitcoin is a failed project makes no sense, especially not with what it has achieved so far, and especially not with how many coins he still owns. I doubt people would even care.

If he really comes out and thinks Bitcoin has failed he has enough coins to short/sell. People like Peter Schiff continuously trash Bitcoin and think it will go to zero, but they do not put their money where their mouth is.

We have cash settled contracts over at CME where he can bet against Bitcoin. He doesn't have to touch Bitcoin nothing, just access his CME web portal and short it. Easy peasy.

I think bitcoin had a website where people shared how many times bitcoin has died. I do not remember the name but if you google "bitcoin death count" or something I am sure it will pop up. It showed hundreds of times news agencies wrote about how bitcoin died and/or it is dying whereas the price of bitcoin near that article shows each time they say the price goes up , which means if you read from anyone, and I mean anyone that bitcoin is dying do not believe them because it won't.

If Mr. Satoshi Nakomoto finally comes out of shadows and says that bitcoin is a failed project and nobody should use it anymore and prove that its actually him with a signed message, I would still not think bitcoin would die, even if price keeps going down because of it I would probably keep on buying bitcoin.

Where we are going, we will not BE the bagholders. Feel lucky for the new dip, it shall be our last possible opportunity to buy below $10,000.

I usually do the same thing and I have in the same boat of not having enough time to do it every day. of course the good news is that it is a lot easier to do it at certain cases than others so I don't really have to do it every day. basically I trade bitcoin every time I am absolutely sure of the direction it is going in. for example these days we are in the bull market and buying any dip doesn't require much thought.

It will continue to go up and down for a little more while, there is a huge wall and that creates a challenge for all of us to go above certain levels but since we are not also willing to go down there is a trend going on, it goes down to a level and then goes back up.

We have seen similar thing happened in 3.4k-4.2k levels and it went up and down many times before it broke through that level and we know what happened afterwards, that is why I think something similar could happen again here as well, maybe it will go up and down multiple more times but eventually it will eat enough of the wall to go beyond it eventually, people who are smart just get us to that level, watch people eat that wall a bit then sell at those levels and make it go down and buy from those levels and do it again and again until we can actually go even higher.

My goal is to accumulate more BTC as possible, but I already have a lot of fiat money invested in BTC, so put more fiat is not an option, what I do is sell and buy in the dips to have more BTC, but it's hard to stay connected every day, I have more activities to do and sometimes I lose the timing

Regrets only if you don’t commit with your goal especially on taking profit. If the price is cheap again then keep on buying more bitcoin because you will have the chance on making higher profit. If the market recovers again, for sure it will be another regret to you on not buying during the dump price.

This is why I HODL - it's still a bit nervous when the market crashes or fails to grow for a longer periods of time, but at least I don't risk to lose money on bad trades. The only important thing is to come up with a decent selling strategy, to not faill victim of own greed and instead of hodler become a bagholder and have to wait for years for yet another bull run.

I just regret losing the time to sell and buy again in the dip this time as I always try to do

It's completely normal these dips of BTC

Panicking are around the market, they always react every time the price down. A down price of $2k is indeed a big dump but we should remain focus and not panic, we can still expect another pump in the next days I’m confident about this one but I doubt for those week emotions to stop from reacting in the market.

Thanks for that, I'm always calm with whatever happens to the market because if we look at the entire picture, it cannot be denied that BTC has already increase over 4 times. Things like correction or unexpected dumps are just making the market stronger and I'd like to believe that people are believe now that BTC price should be valued at over $10,000 and that's a good thing when people stop believing that we will be hitting back to its low times again.

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.

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".
I like your explanation of those historical price movements.

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.

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.

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.

@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.

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?

Where's the hot dog ant the mayonnaise? 

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.

@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.

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. 

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.

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.

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

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.

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



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

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

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

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.

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.

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.

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.

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.

About the news, it's part of the usual system. Since bitcoin is one of the trends in the world of economics, there should always be a feed on it regularly.

About some individuals, these people are only looking on a single and not on a whole forest. They worried too much about how the price decrease without realizing how much it grows prior to price dip.

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This.

Average bitcoiner should be happy that the price didn't go on a full blast to the highest floors.

Forming a new decent bottom is way more good to happen first so that we won't see again that $3,000+ bottom floor which is the end of the chain link when the price starts to crash from $20,000.

$12,000 as bottom - brace yourselves guys for what will happen next if that will able to sustain.

You have to understand that the media outlets are in the business of creating news, even if there is no news.  Thus they make a huge thing out of nothing, and since bitcoin is a relatively new asset with huge volatility, they report on any big price swing.  You'll notice that even when the stock market ends the day completely flat, they'll still look for reasons why and report them as if they mean anything.  This is why I don't follow the news, any news, except for what I gather here on the forum.

The charts look pretty good to me, by the way.  Doesn't appear bitcoin is in bubble territory, though I'm hoping it doesn't rise much higher too quickly.

It feels like every six hours I see a fresh "news" article on my feed about how "the bubble is on" or "BTC has crashed" because of a 15-20% price motion.

I worry that these people are missing a history lesson.

Here's the period between the 2011 and 2013 bubbles:



So the 2011 bubble follows a pattern that even new folks, who joined in 2017, should recognize: a dizzying rise, followed by a year of gradual, painful losses.

But between when the price hit bottom (when six figures of BTC changed hands at the $2 pricepoint), and when the 2014 bubble began, there was a third pattern: long periods of relative stability (with fluctuations in the 20% range), punctuated by brief bullish periods (Dec 2011 bringing us to a semi-stable $5, July 2012 bringing us to a semi-stable $13, and the time spent around $100 in mid-2013).

As an example, we can zoom in on the $5 period:

Clearly, there are big daily moves going on here! Imagine what people might have been thinking on March 19th, or April 20th!
But in the end, these moves were just a random walk around a somewhat stable price.

Similar behavior can be found in the 2015-2016 chart, after 2014's despair had run its course but before 2017's fever began.



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.

So today, with prices going back and forth between (roughly) $11k and $13k, I can't help but think that folks who are taking every motion as an omen of a larger trend are wearing themselves out needlessly. This might just be the start of another stable period - a chance for the ecosystem to get comfortable with the idea that $12k is the "normal" price of a bitcoin.

Calm down. "It" doesn't have to happen today, or even this month. It'll happen when it happens.