Don't Be Fooled By The Price Dump! Here's the Real Deal

Pursuer

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Quote from: gabmen on December 02, 2018, 04:17:32 AM

Quote from: glowing10 on December 01, 2018, 06:51:45 AM

Quote from: Adriano2010 on November 29, 2018, 10:02:59 PM

I still holding bitcoin and not sell when the price was lower. I think who have money, big investors bought a lot of bitcoin and if they bought at 3700$ and sell now they make a lot of money or if they still hold they will make more money.

This is how the system works and those who are billionaire today have got bought in the start or buy huge qty when market dips and not when the market is rising or at high. This is the difference between a normal investor and the billionaires as they can forsee and capitalize on it.

Well it doesn't seem that the big investors are making a move just yet since if they start buying we'll be able to see a run. I don't know if they're still waiting for a lower value than where we are now. But eventually they'll come back, i'm quite positive about it.

actually many of the bigger investors buy bitcoin off the market for many reasons such as not wanting to push the price up while they accumulate at a good discount, or some may be even trying to not leave a trace behind for the government to track as they dump their fiat for bitcoin silently.
and the whales that are on exchanges aka the market makers are not letting the price go up by dumping bitcoin as it tries to rise. so they buy at a fixed and low price.

gabmen

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Quote from: glowing10 on December 01, 2018, 06:51:45 AM

Quote from: Adriano2010 on November 29, 2018, 10:02:59 PM

I still holding bitcoin and not sell when the price was lower. I think who have money, big investors bought a lot of bitcoin and if they bought at 3700$ and sell now they make a lot of money or if they still hold they will make more money.

This is how the system works and those who are billionaire today have got bought in the start or buy huge qty when market dips and not when the market is rising or at high. This is the difference between a normal investor and the billionaires as they can forsee and capitalize on it.

Well it doesn't seem that the big investors are making a move just yet since if they start buying we'll be able to see a run. I don't know if they're still waiting for a lower value than where we are now. But eventually they'll come back, i'm quite positive about it.

glowing10

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Quote from: Adriano2010 on November 29, 2018, 10:02:59 PM

I still holding bitcoin and not sell when the price was lower. I think who have money, big investors bought a lot of bitcoin and if they bought at 3700$ and sell now they make a lot of money or if they still hold they will make more money.

This is how the system works and those who are billionaire today have got bought in the start or buy huge qty when market dips and not when the market is rising or at high. This is the difference between a normal investor and the billionaires as they can forsee and capitalize on it.

rickadone

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After price dump comes a price pump is as wrong as it could ever be. There are literally thousands of coins that has gone down ever since they were created and never recovered.

Bitcoin could definitely be the exception to that but it is financially proved that price can go down and never go up in many stuff. There are literally tens of fiat currencies that have went worthless over the years and never recovered no matter what. So, never assume anything will be pumped right after it was dumped. Could bitcoin be pumped after this dump ?

Yeah, sure it could be but that doesn't negate the fact that price has been going down for about a year now without ever going up. Any person who got into bitcoin because the price went down will be still losing money from these dumps. Just react to whatever you want but never assume anything will go the way you want it.

davis196

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Quote from: emmysteven_ on November 28, 2018, 05:39:50 AM

For those who are discouraged, remember history keeps repeating itself
Take yourself through the bitcoin memory lane
- Bitcoin went from being worthless ($0) to $4000+ in less than 10 years
- Bitcoin has a trading volume of $4-$5 billion per day
- It handles 200k-300k transactions per day
- It facilitates the transfer of $1 billion worth of transactions per day globally
- It is being accepted by thousands of merchants around the globe
- It introduced one of the biggest technologies that is being used by banks, governments, and a lot of financial institutions

It has changed the way we carry out transactions and believe me you it has come to stay!
Don't be fooled by the naysayers and those who are adverse to change which we all know is the only permanent thing

NB: Always remember this, you have not made a loss until you sell
   After a price dump comes a price pump
   Never allow your emotions to do the thinking for you
   Always go with your gut feeling

The history keeps repeating itself,but always with a little twist. Grin

For me,the biggest advantages of bitcoin aren't the trading volume,amount of transactions per day or the rpcie.The biggest advantage of bitcoin is it's democratic nature.No person can dictate and govern the blockchain by himself.

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Quote from: emmysteven_ on November 28, 2018, 05:39:50 AM

For those who are discouraged, remember history keeps repeating itself
Take yourself through the bitcoin memory lane
- Bitcoin went from being worthless ($0) to $4000+ in less than 10 years
- Bitcoin has a trading volume of $4-$5 billion per day
- It handles 200k-300k transactions per day
- It facilitates the transfer of $1 billion worth of transactions per day globally
- It is being accepted by thousands of merchants around the globe
- It introduced one of the biggest technologies that is being used by banks, governments, and a lot of financial institutions

It has changed the way we carry out transactions and believe me you it has come to stay!
Don't be fooled by the naysayers and those who are adverse to change which we all know is the only permanent thing

NB: Always remember this, you have not made a loss until you sell
   After a price dump comes a price pump
   Never allow your emotions to do the thinking for you
   Always go with your gut feeling

Thank you for remind us of our reality and that is what many of us that were not in cryptocurrencies before are not taking into account. In 2008 bitcoin was nothing but now 1 btc is above $4000 and there was a time that it was selling above $19000 . Bitcoin has done too well and we must agree with this fact in other for us to develop enthusiasm about blockchain technology and cryptocurrencies market in particular.

Quote from: khaled0111 on November 29, 2018, 06:23:14 PM

Personally, I don't care about Bitcoin price as I don't care wether it is going to rise or to fall. All I care about is how this technology is going to handle the technical issues it is facing.

I care about the price because if bitcoin worth noting there is no need for us to spend time looking on how to handle the problem is facing. Technical problems are going to be resolved as some of the problems have been resolved. This time last year we were saying that can the the problem of high transactions charges be resolved but now that is the thing of the past.

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Quote from: emmysteven_ on November 28, 2018, 05:39:50 AM

NB: Always remember this, you have not made a loss until you sell
After a price dump comes a price pump
Never allow your emotions to do the thinking for you
Always go with your gut feeling

I disagree, mostly because you are technically calling bitcoin a "pump and dump" in your second line whereas bitcoin is nothing like a pump and dump!
but also because your statement looks more emotional while you are telling everyone not to be emotional. the fact is that there is nothing wrong with selling. in fact you must sell bitcoin at some point. but the problem is when people have no plans when they buy bitcoin!
if you are buying it to trade then you must sell and then buy back in the dips. if you buy it as an investment, again you have to sell when in bubbles and buy back in the dips. if you buy it as a currency then you need to spend it constantly.
but what people do is they buy to become rich, and they usually do it in a bubble then panic sell when the bubble bursts and then cause the crash.

in short if you want to sell, never sell in the dip. sell BEFORE the dip. and if you can't then maybe you shouldn't look at the price at all.

Adriano2010

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I still holding bitcoin and not sell when the price was lower. I think who have money, big investors bought a lot of bitcoin and if they bought at 3700$ and sell now they make a lot of money or if they still hold they will make more money.

khaled0111

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Personally, I don't care about Bitcoin price as I don't care wether it is going to rise or to fall. All I care about is how this technology is going to handle the technical issues it is facing.

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Quote from: emmysteven_ on November 28, 2018, 05:39:50 AM

NB: Always remember this, you have not made a loss until you sell
   After a price dump comes a price pump
   Never allow your emotions to do the thinking for you
   Always go with your gut feeling

I'm not crazy about this advice.

If you haven't sold, you may not have realized a loss, but the value is already lost. Sometimes realizing that loss and putting the capital elsewhere (where it might make better returns) is the optimal decision.

HODLing has worked so far with Bitcoin because it has strong fundamentals, and that's reflected by the long term uptrend. It's possible the uptrend could break down and HODLers will never recover their investments.

The last two bits are contradictory. I agree about never allowing emotions to rule your trades. But if you "always go with your gut feeling" then you're acting on emotion. Sometimes, the gut feelings to panic sell or FOMO buy are the most financially devastating. I prefer a more systematic approach.

timerland

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Quote from: emmysteven_ on November 28, 2018, 05:39:50 AM

For those who are discouraged, remember history keeps repeating itself
Take yourself through the bitcoin memory lane
- Bitcoin went from being worthless ($0) to $4000+ in less than 10 years
- Bitcoin has a trading volume of $4-$5 billion per day
- It handles 200k-300k transactions per day
- It facilitates the transfer of $1 billion worth of transactions per day globally
- It is being accepted by thousands of merchants around the globe
- It introduced one of the biggest technologies that is being used by banks, governments, and a lot of financial institutions

It has changed the way we carry out transactions and believe me you it has come to stay!
Don't be fooled by the naysayers and those who are adverse to change which we all know is the only permanent thing

NB: Always remember this, you have not made a loss until you sell
   After a price dump comes a price pump
   Never allow your emotions to do the thinking for you
   Always go with your gut feeling

History does repeat itself in terms of market cycles. We are currently in a bear market, which we actually saw the exact same time 4 years ago.

I'm actually surprised at the amount of people that are panicking in this situation. It was clear at the start of the year that the unsustainable growth in the market was coming to an end, as the bullish sentiment had cooled off quite a bit. So why wouldn't you expect prices to stay sluggish for at least a year given the previous cycles?

I guess that it's because they aren't focusing on the longer term picture, in terms of increased adoption, increased institutional interest, etc. I could well see bitcoin becoming at the very least, a widely adopted global form of payment and store of value for the unbanked, if not much more than that. And for that reason, I have no problems with riding out all the waves in the market, and accumulating at low points within the cycles in order to gain the long term profits.

emmysteven_

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At the end of the day we all have to be optimistic about the future of cryptocurrency because being pessimistic will only do one's heart a great disservice

An optimistic approach to things including cryptocurrency will help one always find a way around tough situations, trust me this is no new age philosophy, it's something I have noticed in my little life experience

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Quote from: emmysteven_ on November 28, 2018, 05:39:50 AM

For those who are discouraged, remember history keeps repeating itself
Take yourself through the bitcoin memory lane
- Bitcoin went from being worthless ($0) to $4000+ in less than 10 years
- Bitcoin has a trading volume of $4-$5 billion per day
- It handles 200k-300k transactions per day
- It facilitates the transfer of $1 billion worth of transactions per day globally
- It is being accepted by thousands of merchants around the globe
- It introduced one of the biggest technologies that is being used by banks, governments, and a lot of financial institutions

I like your positivity but please don't take the "history keeps repeating itself" as reference for bounce back. What we must take note are the current ones as past performance will not guarantee a future result.

On a lighter note, the pointers given are true and there's even more. That's why even on a the bearish trend, it doesn't changed my view on my hold coins on stash. I always says that people have lots of reasons to believed in bitcoin no matter what.

Quote from: emmysteven_ on November 28, 2018, 05:39:50 AM

1. Always remember this, you have not made a loss until you sell
2. After a price dump comes a price pump
3. Never allow your emotions to do the thinking for you
4. Always go with your gut feeling

1. For hodlers yes. But some traders are taking advantage of the current price swing so selling is part of their strategy.

2. That's bitcoin.

3. Being emotional is always there and part of the process. People just have to focus on remaining calm despite of a serious problem they will experienced along the way.

4. Somehow right. We are talking about bitcoin here in the first place so people must trust their strategy if their basis is properly analyzed.

supermine

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Quote from: emmysteven_ on November 28, 2018, 05:39:50 AM

For those who are discouraged, remember history keeps repeating itself
Take yourself through the bitcoin memory lane
- Bitcoin went from being worthless ($0) to $4000+ in less than 10 years
- Bitcoin has a trading volume of $4-$5 billion per day
- It handles 200k-300k transactions per day
- It facilitates the transfer of $1 billion worth of transactions per day globally
- It is being accepted by thousands of merchants around the globe
- It introduced one of the biggest technologies that is being used by banks, governments, and a lot of financial institutions

It has changed the way we carry out transactions and believe me you it has come to stay!
Don't be fooled by the naysayers and those who are adverse to change which we all know is the only permanent thing

NB: Always remember this, you have not made a loss until you sell
   After a price dump comes a price pump
   Never allow your emotions to do the thinking for you
   Always go with your gut feeling

I am not a bitcoin hater but considering these things only for bitcoin will have a good future will be stupid,the bitcoin is not used as payment mode yet,the daily transactions were just happening on the exchanges to wallets and vice versa and the trading volumes will never make any good effect on the cryptos for what it mean to be so we need to change our minds about cryptos if we want a goof future for it.

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Quote from: b3j0 on November 28, 2018, 09:49:19 AM

This price decline has no effect on the future of bitcoin, I am very sure if Bitcoin has a very bright future. sooner or later the price of bitcoin will recover, this is only a matter of time.

It is known for everyone but current trading and mining is little affected so many peoples are afraid in this situation. But still big whales are trying to dump and pump in this scenario so we should start to invest in this dip this will be a good profit for future journey.

emmysteven_

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Quote from: buwaytress on November 28, 2018, 09:59:23 AM

The real deal's always present regardless of price action. Be well reminded to use the very same points the next time the price spikes to new highs (and it will, mind you, many times in many cycles).

But yes, it has changed the way we view money, it may not have brought about a complete change to our spending habits, or how we treat money and send it to one another, but it's definitely a nice spot to be knowing there's an alternative that growing each day as preferable to anything else we've ever known.

P.S. Nothing says expert than the conflicting advice of "never allow emotions to do the thinking" followed immediately by "go with your gut feeling".

Wow! Thanks for taking note of the conflicting advice, I must say that you are quite an observant person with eyes for details
However we know that gut feeling is a subset of emotions and the use of the word emotion in "never allow emotions to do the thinking" was vague or ambiguous, the specific emotion I was addressing was that of panic

Psychologists will tell you that humans are emotional and only rationalize a decision based on emotions in order not to appear irrational

buwaytress

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The real deal's always present regardless of price action. Be well reminded to use the very same points the next time the price spikes to new highs (and it will, mind you, many times in many cycles).

But yes, it has changed the way we view money, it may not have brought about a complete change to our spending habits, or how we treat money and send it to one another, but it's definitely a nice spot to be knowing there's an alternative that growing each day as preferable to anything else we've ever known.

P.S. Nothing says expert than the conflicting advice of "never allow emotions to do the thinking" followed immediately by "go with your gut feeling".

emmysteven_

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Quote from: Wilhelm on November 28, 2018, 08:21:02 AM

After trading for a while I am starting to learn that it is best to do the opposite of what your intuition says you should do.

- Buy when everyone is selling.
- Sell when everyone is buying.
- If everyone says A then do B

HODL is always good if you know the long term trend is positive....

This strategy of yours is really beautiful, Wow! I'm impressive, your perspective is such a brilliant one

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This price decline has no effect on the future of bitcoin, I am very sure if Bitcoin has a very bright future. sooner or later the price of bitcoin will recover, this is only a matter of time.

Wilhelm

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Only panic if you cannot buy the dip Cool

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Quote from: aris av on November 28, 2018, 08:53:15 AM

Even though currently the bitcoin is being dumped, but it won't make bitcoin die, and even though the market is currently very bloody but bitcoin is still likely to pump again.

Yes the Panic traders has made the market and price dump. Don't afraid market is going to change in the upcoming months be calm and don't panic. Bitcoin value is going to touch around 10K. Investors can buy some coins since the prices are low now and Hold it for few months to get benefited.

aris av

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Even though currently the bitcoin is being dumped, but it won't make bitcoin die, and even though the market is currently very bloody but bitcoin is still likely to pump again.

BitHodler

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Quote from: emmysteven_ on November 28, 2018, 07:46:39 AM

Well, there's this conspiracy theory that the price of bitcoin is being manipulated so that it will afford some folks to buy bitcoin in a large amount and wait when the price will bump and then become very rich

Bitcoin and manipulation have been tied to each other since the very beginning of when it became a tradable asset. In some cases it's rather obvious and in some cases not.

I am of believe that we have been pushed down artificially in the last couple of weeks, but in the end, the panic sellers are responsible for tanking the market to where we are right now. There are always two sides to a story.

I really hope that people for once stop paying attention idiots such as Tom Lee. I'm sure he has the best intentions, but it's not working out, and it affects people because they hope for something that won't come.

Wilhelm

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After trading for a while I am starting to learn that it is best to do the opposite of what your intuition says you should do.

- Buy when everyone is selling.
- Sell when everyone is buying.
- If everyone says A then do B

HODL is always good if you know the long term trend is positive....

emmysteven_

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Quote from: dothebeats on November 28, 2018, 07:11:58 AM

Sadly though these things would have gone overlooked by panic sellers considering how deep it declined in just a span of a few weeks. Most people nowadays won't look for answers in the past and are just confined by the information that they reading in the now. While I like your optimism regarding the current state of bitcoin, most people don't share our sentiment and tend to just sell since they think that this is already the end (which is not, clearly.) With all the good news springing on every corner, starting from Starbucks being convinced by Bakkt's CEO to accept bitcoin to NYSE and NASDAQ looking to set up their own futures, why should I worry if these big guys aren't worried of bitcoin tanking atm?

Well, there's this conspiracy theory that the price of bitcoin is being manipulated so that it will afford some folks to buy bitcoin in a large amount and wait when the price will bump and then become very rich

dothebeats

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Sadly though these things would have gone overlooked by panic sellers considering how deep it declined in just a span of a few weeks. Most people nowadays won't look for answers in the past and are just confined by the information that they reading in the now. While I like your optimism regarding the current state of bitcoin, most people don't share our sentiment and tend to just sell since they think that this is already the end (which is not, clearly.) With all the good news springing on every corner, starting from Starbucks being convinced by Bakkt's CEO to accept bitcoin to NYSE and NASDAQ looking to set up their own futures, why should I worry if these big guys aren't worried of bitcoin tanking atm?

emmysteven_

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For those who are discouraged, remember history keeps repeating itself
Take yourself through the bitcoin memory lane
- Bitcoin went from being worthless ($0) to $4000+ in less than 10 years
- Bitcoin has a trading volume of $4-$5 billion per day
- It handles 200k-300k transactions per day
- It facilitates the transfer of $1 billion worth of transactions per day globally
- It is being accepted by thousands of merchants around the globe
- It introduced one of the biggest technologies that is being used by banks, governments, and a lot of financial institutions

It has changed the way we carry out transactions and believe me you it has come to stay!
Don't be fooled by the naysayers and those who are adverse to change which we all know is the only permanent thing

NB: Always remember this, you have not made a loss until you sell
   After a price dump comes a price pump
   Never allow your emotions to do the thinking for you
   Always go with your gut feeling

Topic: Don't Be Fooled By The Price Dump! Here's the Real Deal (Read 339 times)