Topic: Calm the F $%K Down People, Lets Help The NOOBs Out. (Read 2095 times)

Indeed! Bitcoin price hype will still continue even after the incoming hardfork and only those altcoins with great teams can withstand this Bitcoin parabolic IMHO..

Yes , you should always go all-in at ATH , go for it

What about this week?

Alts going to fall again?

good moment to invest in one in particular? or its moment to put all eggs in Bitcoin?

Regards

If you had sold it for Bitcoin (like I should've done) instead of hodling this out we wouldn't be in this situation.
Good in theory until you look at your losses that could've been gains if you had sold earlier.

i lost many Bitcoin for buying altcoin few month ago and this shit time i lost more than 80% from my fund and more than 8k$ loss

It was exactly what i needed to hear! Thank you for that post, Bruce!
Buying all the alts now that i didn't before and hodling.

We cant really changed the reality since there are people who do easily panic when they saw that they are losing money and together with a mix of greed they do already see that bitcoins price is rallying and suddenly they decide to sell out their folio and switch into bitcoin because of the free coin and they dont already mind if they sell on low prices as long their mind tell them that they can make money on bitcoin because of the fork event then they will definitely do such thing.For sure later on they would realize that they are wrong.

At the beggining of 2018 bitcoin will hit for me 10.000$ dollars and from this time popularization of this coin will grow increasingly.

please use your brain before speaking, if there's just exchange between alts and btc the total marketcap of cryptos stays kinda the same
but we seen a huge cain in total and btc marketcap , so new money into btc

Some altcoins still have support but how long they will keep having that is what we can't say.

Most of them are not just pretty much affected as they are just experiencing just some few dips unlike some alts that have gone pretty bad to as low as more than 100% decrease from their point before the BTG fork. It has been a crazy moment and the best right now is just to calm down and just keep watching as events unfold.

HoDL.   You nailed what's going on in my mind there mate. Every lines that you put out there, I think, is true and we'll just have to wait for it to happen. People in the financial world is very crazy about BTC now due to the news about its futures being offered in the coming months. They are buying crazy amounts of BTC and this pushes the price to where it's at now. I've seen many people sold their alts at a very cheap price to get some BTC. This is a very wrong move as you are practicing the BUY HIGH SELL LOW scheme which will give countless losses (in money and BTC) in the long run. Do yourself a favor and don't do that shameful act. Be steady and chill out.

Agree with the points by OP. HODL is the easiest thing to do for most
people who are not expert traders.

Last week, we have seen major news like CME bitcoin futures and Amazon buying crypto
related domains names. All this points to much higher prices in coming years.

Hey guys -  Im honored that you appreciate the advice/thoughts, but if you are going to repost this somewhere, howz about giving the OP credit.




https://www.reddit.com/r/CryptoCurrency/comments/7a9j9z/calm_the_f_k_down_people_lets_help_the_noobs_out/?st=j9m6ykpv&sh=5e202a14

Sorry, but I do not see that much influx of new money into Bitcoins. It seems to me that mostly the value is up because everybody is selling its altcoins for BTC. All altcoins are down these days, and very important alts like ETH, LTC, Waves, etc, have half value now than just 1 or 2 months ago.

There is really a new and huge influx of money into bitcoin and the market cap is growing bigger every day. We really do not know why yet, which could be the fork or new or fresh investors, but the best right now is to just hold btc and stick with it.

Bitcoin is here to stay and whatever anyone wants to call it, as bubble or whatever, that is their piece of cake and they can join us later when we are very close to the moon.

Most alt project this days are funded by ico, premines, etc.. This is not the days of doge coin or community based projects. In most cases, teams got long roadmaps and funds to develope for years.

But what about bitcoin??
It´s getting more and more unusable...even it´s own community is not happy with it (3 hard forks in a year and more planned)... transactions take hours.... Fees are terrible expensive, and yes it came from 1k to 7k in months.. and now it´s accepted by MS and some people think Amazon could... but who will spend 20$ in Amazon and pay 5$ fees+wait 1 hour to confirm?... BTC has lost it´s original purpose a long time ago.. and things without real use got not much real value. This is not Gold, not petrol, whatever, it´s just digyts in a block chain, everything it does it´s done in a better way by alts that cost less than 1$...

I think only the real strong projects will survive, while all might get a pump in the short run, true alpha will only be generated by some strong ones

I am in calm mode i really happy to buy ico coin under ico value at this time. But only legit project. Example atlant and cindicator i bpught the token for long term..

Buying up some more altcoins at discounts. Holding some 50% BTC and ETH on my portfolio.
Looking into the news, seems bitcoin is always in the news nowadays.

Seems altcoins recovering already.

Note that in january this year btc was around 1k, its now 7k. With that same reasoning 50k isn't that far fetched for around the same time next year (7x7=49). Also he's right, there is a lot of institutional money coming, demand for bitcoin investing is also up quite a bit. Chase bank released a statement that they would start end this year possibly early next year due to high customer demand.

Wait. Are  from the future? because it seems you are very sure on the things on what you are talking on here but i do agree on some points but on the price predictions then those numbers isnt really realistic at all on a short period of time.Reaching out 10k will takes time how much more on 50k? It wont happen on next years but well no one really knows on what would happen ahead but yet we should always think or make some realistic predictions though.The hardest part as of now when we do see bitcoins price increase rally almost all of alts are already on red.

I believe there will be a good size of a dip after the fork. So in my opinion at this time I would wait. Watch for the dip when it starts to go back up that's when I would jump in. I would say about a wk or so after the fork? But that is just an opinion of a newbie. If you are interested in Alt Coins Now is the perfect time to buy while there low. Because after the fork People will be taking a portion of there BTC and putting it back into Alt's. So after the fork Alt's will rise again. Again just a Newbie's opinion.
 And for the OP, Thank you for this post. Well said.

Well said man! damn, this is what i need. I stuck all day only watch my altcoin going down. But i am ready to buy back some NEO right now.

The problem with some people is that they day trade and it takes discipline to see your portfolio dumping almost daily without acting, most long term investors in Crypto have nothing to lose here, there are some people who have not even touched their Ethereum ICO wallet since even with those huge returns

Stop dumping just hold the leget coin. It will goes up eventually. Seriously dont follow what whale want. They will rob you through pump and dump scene. Every body want more bitcoin and thats how the whale do to get more bitcoin. Dont sell at lost...

Buying Bitcoin now is a gambling. It is climbed from 5k to 7k just in month.

It could goes 10k now or fall to 5500 resistance.

Selling anything now to Bitcoin with looses is very bad idea based on FOMO (Fear of Missing Out)
Market will eat you if you tire emotions to charts.

Hold or buy the dips.

Whenever people are tired of pumping bitcoin they will come back for some alt pumps, by my account, This is the forth huge pump in a short period of time. I believe we're headed for $8000 before Saturday, Some of the alts will start pumping by Sunday and bitcoin will bounce back a little and then going to hit $9000 by November tenth.

As long as we see this growth, which based on the charts, is breaking resistance levels each day (we MAY see a dip to 6500-6700 but its looking like a consolidation at 6900-7300) the alts will bleed.

99.1 percent of people here are looking for the fastest way to make a buck in 30 days. 

This is one of the reasons we see such volatility.

You should buy across the spectrum.

"If" you liked XX coin at $1.00 - you should LOVE it at $.75 and REALLY LOVE IT at $.50"

Cost averaging.

This is VERY hard for some people to do, we have this innate "I wanna be backing a winner" thing that is ingrained in us as humans. So buying a "looser coin" just feels weird.

But thats the great part about making money - money doesnt have feelings, it has MATH.

Now is a good time to buy that alt you love.

I bought the shit out of NEO when it dipped to $13 bucks.  Went to $30 in 2 weeks after last FUD.

Here is the big secret.

IF YOUR ALT IS AROUND IN 2 YEARS.  THERE IS A 99% CHANCE IT HAS GONE UP 200-1000%.  Period.

The market will expand and thereby flush out some of this crap, so find and invest in GREAT TEAMs and GREAT PROJECTS.

Then...... Try, try my brothers and sister to relax.

100% it will drop after the fork, but the value will be amortized over BT1 and BT2.

If you own 1 BT on Nov 16, you get 2 coins on the 17th.

BT1 and BT2.

I predict BT2 will be 1150-1300, get a pump to 1500, then a dump to 800 in a week.

Based on the Fibonacci charts, we should see a price correction to 6700 upcoming, but I see BT hitting 8k before the fork, so if you can, just buy it now and HOLD it

It is really quite amusing how everyone says 'buy low, sell high' but then still people see bitcoin at a new ATH and get all caught up and wind up buying it, it may pay off one but long term a strategy like that won't

Topics like this make me feel better about investing in crypto, this community is amazing sometimes and hodling really is, in my opinion, the best we can go for right now

So now is the time to enter Alts or they go dipper?

The Alts are going to bleed till the fork or for how long?

When can we expect the bounce back?

Yeah this is true, and everyone should stop selling their Bitcoins and Altcoins as well. This is actually a great way of explaining it to those who are new to the cryptoworld.

New investors to enter the market should be very careful. Even old investors are in too much trouble.

Well said, preach brother preach!!

Great explanation. As someone wanting to buy Bitcoin now, any thoughts on whether it might drop significantly after the fork and is worth waiting?

I thought I was tougher. Now Bitcoin is looking great, but it's only about 15% of my portfolio. Rest is alts and bleeding. Whole portfolio is -30% for now. Had MCO at +95%, thought let's wait for 100%, then came the dip. Now it's -20%...you can make so many mistakes in this crypto space. Now hodling, doesn't seem like a shitcoin at all. Definitly learnt from it. Hope we are right and in the long-term everything develops like we expect.

Good post.

However some people may be better off selling alts to gain a position in BTC if it does go to 10k-20k.

I am holding my alts like OMG and TRX but still pissed i didn't sold them 2 days before in btc to buy them back. I never had tremendous trust in Alts anyway so all in all my assets value is going higher

Wow Bat topic with no shit coins ? totally unbelievable 
Yea , just dont panic sell in loss and you gonna be okay, the price will bounce back faster than you think , so for now its shopping time !

Yeah but i think it is also important to time your buys. Buying now if bitcoin continues to climb up will prove to be costly, even though the price will definitely go up once again after the price stabilizes or starts to go downhill for bitcoin.

It's weird to see though because altcoins used to climb faster than bitcoin when bitcoin went up and go down faster when bitcoin went down. Now it's more of an inverse.

Anyways, if i see my coin down 20%, i'd take the trade anyday.

It is all going very well. One note of warning though is that these big price rises tend to overshoot, and the sharper the rise the sharper the inevitable fallback... so if you are buying, make sure you don't leave it too late.

The minute BTC stabilizes, I am buying NAV COIN.

I also think the Alts will bounce back. Also it's not just the fork but also increasing attention.

Alt markets have always bounced back after bitcoin goes parabolic.

However i wouldn't say that bitcoin is such a bad bet right now. $10k is going to be hit by the end of the year most probably and that level can hopefully be sustained. If you already hold bitcoin then hold onto them, if not then don't buy now, wait for the dip.

Always hodl! Don't panic.

Agree the alt market will eventually bounce back if you already go in alts just chill the fuck out. If the altcoin got a good team everything will work out long term.

Same, as a newbie that was really awesome! Thank you!

hah.. this is the best explanation and summary of current market activity I've read in a long time.. love your work Bruce.

I think we will likely see $10k soon, january is possible more positive news keeps popping up especially news like the futures news which I believe is a positive thing for the landscape

Bitcoin rally make altcoin bleeding
but not all alt going down hardly, a few altcoin still growing, because of their believer and good community

I'm trying to muster up some fiat to take advantage of this too.

My man gets it

Times like these are where the crypto fortunes are made

Get your finger off the sell button.

Bitcoin is going parabolic (I said it would hit 10k mid Jan in Aug.... I still see that happening)

And thats the reason for the alts dropping. There is an influx of "new money" into Bitcoin, partially because of the fork, mainly because their are BIG institutional investors that are taking positions.

Since the announcement that BTC futures will be traded many people have taken that as a sign that reads "Bitcoin is real!" -Love Wallstreet

This is a double edged sword. 

We are going to see 10k BTC within 90 days.   I also foresee 50k by years end.   You can't underestimate what the news of BTC futures means to the entire market.   I know for a fact that there will be some billion, dollar buys of BTC in the next 6 months.

Some of this will come from hedge funds some banks.

Also China WILL be back in the mix in late Feb.   They are currently in a political space that is slowing the prices down,  however ICO and more importantly, exchange regulation and legislation is on the table and going through the steps for inclusion/ adoption.   

This all equates to FUD on BTC.  Please stop worrying. The longer you have been in this game the less we worry.

Bitcoins, alts, even stocks go through cycles.  Put 50% of your money into Bitcoin and find some good long term Alts and then sit on your hands.

Alts like ARK, OMG, WAVES, NEO, WTC.... They have great teams,  provide a solid roadmap and have real world applications that will fundamentally change things within the ecosystem.

This is the time to rejoice! It's time to buy at 10,20,60% off your favorite alt! 

Stop stressing out,  and for Gods sake dont sell alts low to buy Bitcoin at ATH.

Repeat after me.

HoDL

Cheers