Don't buy FUD, buy Bitcoin - page 4.

thesavoyard

sr. member

Activity: 560

Merit: 253

Quote from: Kprawn on March 17, 2018, 10:36:52 AM

Bitcoin has become very speculative since last year, when the price skyrocketed to $18,000. It is normal for these people to

panic, when they see the value of their investment dropping with more than 50%. We will see a repeat of previous years,

where the strong hands make the most profit and the weak hands crying over their losses. This feels like the movie,

Groundhog day, where we repeat the same year over and over and over again. Roll Eyes

I run an ATM business, at a time when everyone should be buying, most are selling. BTC follows pocket books, people are recovering from Christmas and saving for vacation. Every year has the same trend, late spring and early winter posting the largest gains. I hope we can educate some new people, so they don't panic sell and make less than they spent.

St4yInTh3D4rk

sr. member

Activity: 686

Merit: 264

"STAY IN THE DARK"

Quote from: thesavoyard on March 17, 2018, 10:14:18 AM

Every year since the creation of Bitcoin, it has followed a similar seasonal pattern. With the exception of 2013. February and March are rough months, with bottom around the 3rd week of March. April is usually a neutral month, posting slight gains on average. May and June are always skyrocket months, with more growth than even December/January.

The one exception is 2013, where the Silk Road was born in late winter. BTC skyrocketed in February and March. When the FBI took down the Silk Road, May and June were bear months. BTC is too big now to be influenced by one market being destroyed. Three drug markets were taken offline last year and the market didn't even notice. Proving that illicit use has become a minority use case.

So stop panicking and take advantage of BTC cheaper than you'll ever get it for again.

But many people are afraid to take that risk and end up with losing so if you want to make money you need to take risk and need to trust the bitcoin fully.Now also many people started to sell their coins due to panic but later they will worry bitcoin has the ability to recover faster so I never doubt in bitcoin and won't sell my bitcoin even if fall 50% of its value.

Coins and Hardwork

full member

Activity: 224

Merit: 101

Quote from: tenu on March 17, 2018, 10:33:25 AM

I am fully agree with you! One year ago Bitcoin was $1179 and everyone was pretty happy. Now it's 8500 but it's "crashing"'... We get greedy pretty quickly, that's an irony of trading.

We can't blame them since the volatility of digital currencies will really test how strong you are in terms of investing in this volatile digital currencies. People end up being paranoid on what may happen leading them to panicky selling their investments quickly. But they need to keep in their minds that this price is not really the lowest since there is a alot of time where bitcoin is not really this high.

Kprawn

legendary

Activity: 1904

Merit: 1074

Bitcoin has become very speculative since last year, when the price skyrocketed to $18,000. It is normal for these people to

panic, when they see the value of their investment dropping with more than 50%. We will see a repeat of previous years,

where the strong hands make the most profit and the weak hands crying over their losses. This feels like the movie,

Groundhog day, where we repeat the same year over and over and over again. Roll Eyes

tenu

newbie

Activity: 79

Merit: 0

I am fully agree with you! One year ago Bitcoin was $1179 and everyone was pretty happy. Now it's 8500 but it's "crashing"'... We get greedy pretty quickly, that's an irony of trading.

DarLim11

newbie

Activity: 151

Merit: 0

Quote from: thesavoyard on March 17, 2018, 10:14:18 AM

Every year since the creation of Bitcoin, it has followed a similar seasonal pattern. With the exception of 2013. February and March are rough months, with bottom around the 3rd week of March. April is usually a neutral month, posting slight gains on average. May and June are always skyrocket months, with more growth than even December/January.

The one exception is 2013, where the Silk Road was born in late winter. BTC skyrocketed in February and March. When the FBI took down the Silk Road, May and June were bear months. BTC is too big now to be influenced by one market being destroyed. Three drug markets were taken offline last year and the market didn't even notice. Proving that illicit use has become a minority use case.

So stop panicking and take advantage of BTC cheaper than you'll ever get it for again.

If bitcoin is like that almost every years then it could also happen this year. Price might double the previous high's last year. I hope that can really happen as to lots of people will surely earn again lots of money at that time.
I believe that this interpretation is not a FUD, since bitcoin is behaving like that we can conclude that it can again go up in the near end of the year.

thesavoyard

sr. member

Activity: 560

Merit: 253

Every year since the creation of Bitcoin, it has followed a similar seasonal pattern. With the exception of 2013. February and March are rough months, with bottom around the 3rd week of March. April is usually a neutral month, posting slight gains on average. May and June are always skyrocket months, with more growth than even December/January.

The one exception is 2013, where the Silk Road was born in late winter. BTC skyrocketed in February and March. When the FBI took down the Silk Road, May and June were bear months. BTC is too big now to be influenced by one market being destroyed. Three drug markets were taken offline last year and the market didn't even notice. Proving that illicit use has become a minority use case.

So stop panicking and take advantage of BTC cheaper than you'll ever get it for again.

Edit: 2011 was the year of the Silk road, my bad.

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