Don't punic, just hodl - page 29. | Bitcointalksearch.org

TheUltraElite

legendary

Activity: 2898

Merit: 1253

So anyway, I applied as a merit source :)

Quote from: arbifahrozy on January 21, 2022, 02:56:10 PM

The entire market got inflated last year by government money. Anything that went up that fast was not going to stay up there forever. It had to consolidate because there are people that weren't planning on staying in long-term.

Government money is a vague terms to use, you dont have proof of the same either, so better not to mention this. But can say that many millionaires did put in their money into bitcoin with anecdotal evidence but we cannot certify that they were the ones who sold.

The point still remains that a dump is happening and continuing as we speak. 35k USD seems to be the next level to slow the dump. So buying should be done below that level. Currently there is a lot of panic selling happening and this is a common thing that happens after every dump and such bitcoin owners will never learn their lesson that they should not sell during a dump but only during a rise.

Whether buying shitcoins at this stage is profitable or not, I would say no. If you are looking for a quick flip, go for it but not for a long term.

Mr.sprin

full member

Activity: 1414

Merit: 101

right now the market is bad, all coins are down, this is a great opportunity to buy coins to save, I am very sure the market will improve and the price of coins will rise drastically if this opportunity is not used then regrets will come in the future.

Dr.Osh

legendary

Activity: 2758

Merit: 1004

PredX - AI-Powered Prediction Market

looking at the price at the moment, it looks like it should really fall. well, it's a bad start to the year, starting with Russia completely banning crypto. however, right now so many people are panicking that the price is approaching the $35k range. well, even i was a little worried to see my portfolio slide down sharply this morning. well, at this time, I seem to be holding on to the assets I have until the price recovers. Hopefully in some time the price will go up again.

adzino

copper member

Activity: 2968

Merit: 575

www.Crypto.Games: Multiple coins, multiple games

Quote from: haenko on January 21, 2022, 12:19:07 PM

The entire crypto market is falling again today, but is this the first time? Didn't it fall the same way in 2021 before the new ATH? And remember what was the level of greed and fear at $40,000 a year ago and now? I see this drop as an opportunity to buy fundamental tokens at a good price. I bought NEAR, Sol, Aurora, Harmony, Link, ADA.

Also a good reason to believe that this is just a correction is the fact that the largest venture capital funds continue to invest money into the market. For example, a month ago Three Arrows Capital bought 156K ETH, or just recently A16z, Alameda, Three Arrows Capital held another round of investment and invested $150M in NEAR Protocol, which indicates that serious guys like a16z and Alameda still believe in growth.

Not everyone is panic selling. Some are just selling now to take their profit and buy back more at cheaper price. Others that are panicking and selling are probably new to the crypto market. They will regret and learn something from this. Next time they invest, I am sure they will be holding it for long term. This is how the market works. It has been like this for years. Nothing new.
Don't you think venture capital companies buying bunch of crypto and holding large bags would be a problem for the market?

Shasha80

sr. member

Activity: 1876

Merit: 318

Quote from: michellee on January 21, 2022, 10:32:44 PM

This falling surprised some people as they are not ready to see the price drop now. But it is a good time to accumulate bitcoin and altcoin and if you have already bought those coins and tokens, you should still watch the market because the price of that coins and tokens can go down for more.

Do not panic is the key to seeing if we can buy back many coins and tokens and hold until the price increase. At this moment, we can only be patient, analyze for more, and start buying at a low price.

The current market decline has indeed surprised some people, I saw many newbies starting to panic, even though in a situation like now
we shouldn't panic, it would only make the situation worse. We all have to be calm in a situation like now, after all, a price drop like now is not
the first time this has happened. Market crashes have happened before, so the choice that should be made is to start accumulating coins that
we consider potential. Or we can also monitor the market first and keep holding the coins that we have until the price recovers. The conclusion is
that the decline in the crypto market is only temporary, so don't worry too much.

michellee

hero member

Activity: 2604

Merit: 816

🐺Spinarium.com🐺 - iGaming casino

This falling surprised some people as they are not ready to see the price drop now. But it is a good time to accumulate bitcoin and altcoin and if you have already bought those coins and tokens, you should still watch the market because the price of that coins and tokens can go down for more.

Do not panic is the key to seeing if we can buy back many coins and tokens and hold until the price increase. At this moment, we can only be patient, analyze for more, and start buying at a low price.

zonefloor

hero member

Activity: 1876

Merit: 524

I think it's a recent upswing. After this upgrade, I think the bear season will begin. In my opinion, bull season is over now. It will be a critical point, especially on Monday. The Fed will make statements. If it goes to interest rate cuts, there will be good rises for crypto money. But I think the information is leaking. Because the FED seems to be going to increase interest rates, and I attribute the reason for the declines in this crypto money market to this. But those who did not switch to dollars like me are at a serious loss. I hope they recover as soon as possible and I can switch from loss to profit.

Rengga Jati

hero member

Activity: 2072

Merit: 656

PredX - AI-Powered Prediction Market

It is easy to just say Don't panic!
But in fact, sometimes, we will feel panic although only in a short time every time or mostly when the price suddenly keeps going down more than -10%. I personally will also be shocked enough.
But once more, panic will not help anything, this will make worse cosndition.
That is why, this is our way to control our mental and emotions, to control panic, to be more patient, to think the best strategy to be done at that time. Holding may be the right way moreover if we are investing for the long term and we only use free money for sure.

Yogee

sr. member

Activity: 1554

Merit: 413

Quote from: Hypnosis00 on January 21, 2022, 07:05:18 PM

Quote from: Yogee on January 21, 2022, 06:52:15 PM

Good luck to your portfolio if you plan to hodl all the way. I hope you have enough cash so you won't have to sell at a loss when most crypto dips even more. All the better if you have a fix source of income since I think many of us will be tested in the next few months or maybe until next year.

It finds difficult if we are just relying on crypto alone but I guess, OP had another source of income that make him decide to hold instead of selling.

We don't know for certain if he is a responsible investor or just one of those who go all in without saving something when the market goes south. I think he is too optimistic and relies heavily on the moves of institutional investors. He's probably ignoring the historical four year market cycle.

Quote

Besides, holding is the only way to save you from getting into losses and anyone can do.

Hehe. Holding is definitely not the only way. The phrase that you only lose when you sell is misleading. You will miss a lot of opportunities if you are stuck with a coin for months or years waiting for it to recover. Those missed opportunities are already loses.

SlimShadyMmp

full member

Activity: 1470

Merit: 103

COMBO 2.0

People on top tier VCs Have made like 100x from their investment like sol and other investment in various place so imagine taking that 100X and just using 10x out of the 100 You see where am going right? Yeah they do believe in Crypto and the space but It doesn't mean that they can prevent dumps on top your head Be optimistic but trade the market carefully mate not using VCs

nurilham

sr. member

Activity: 1498

Merit: 443

That's right, what can be done is hold the coins that we have when the market is down like this. Panic is natural, but it should not continue, especially until you do a panic sell, it will be very detrimental. There have been many cases where people rushed and panicked when they saw the crypto market going down and ended up selling it at a low price. This ups and downs crypto market is indeed mental training where we have to be more patient and also careful in managing the assets we have. Stay calm and manage assets as best you can until the market recovers.

asriloni

legendary

Activity: 3038

Merit: 1024

Leading Crypto Sports Betting & Casino Platform

Quote from: haenko on January 21, 2022, 12:19:07 PM

The entire crypto market is falling again today, but is this the first time? Didn't it fall the same way in 2021 before the new ATH?

This is not first time and you can see weekly chart of bitcoin and you will see what's going on with the market right now. I was also getting the same downtrend like 2020 before bitcoin touch new ATH but people are feeling panic right now. People didn't realize that and forget it. I hope that a recovery will come again but this may take a long term.

Quote from: haenko on January 21, 2022, 12:19:07 PM

And remember what was the level of greed and fear at $40,000 a year ago and now? I see this drop as an opportunity to buy fundamental tokens at a good price. I bought NEAR, Sol, Aurora, Harmony, Link, ADA.

Yeah those people didn't even see that happened before

Quote from: haenko on January 21, 2022, 12:19:07 PM

Also a good reason to believe that this is just a correction is the fact that the largest venture capital funds continue to invest money into the market. For example, a month ago Three Arrows Capital bought 156K ETH, or just recently A16z, Alameda, Three Arrows Capital held another round of investment and invested $150M in NEAR Protocol, which indicates that serious guys like a16z and Alameda still believe in growth.

This is not a correction but dump. You're wrong if you keep calling 10% - 20% drop as correction you may need to re-consider it again. Rollercoaster in crypto is just a common thing. You must not mention those venture capital coz they have ability to get into the private sale and make money from there. That's different with personal holders or traders.

Hypnosis00

sr. member

Activity: 2422

Merit: 343

Quote from: Yogee on January 21, 2022, 06:52:15 PM

Good luck to your portfolio if you plan to hodl all the way. I hope you have enough cash so you won't have to sell at a loss when most crypto dips even more. All the better if you have a fix source of income since I think many of us will be tested in the next few months or maybe until next year.

It finds difficult if we are just relying on crypto alone but I guess, OP had another source of income that make him decide to hold instead of selling. Besides, holding is the only way to save you from getting into losses and anyone can do. Then to ask you, what are you gonna do now? Are you selling?

If people had the capability to invest, they're for sure they can also hold, that is what I think. And to guess what, you are doing the same to OP. Selling is just an option to take for those who are in panic but we keep that feeling and so decided to just hold.

GeorgeJohn

hero member

Activity: 1498

Merit: 711

"Play Poker on Telegram"

Everything about cryptocurrencies changed shape today and mostly Bitcoin, the status or the level Bitcoin became downgraded today is not understandable, majority of coins that's doing absolutely well decrease in price today, the following list below are involve.
BTC
ETH
BNB
FTM
EOS
DOT

Yogee

sr. member

Activity: 1554

Merit: 413

Good luck to your portfolio if you plan to hodl all the way. I hope you have enough cash so you won't have to sell at a loss when most crypto dips even more. All the better if you have a fix source of income since I think many of us will be tested in the next few months or maybe until next year.

NicNacCoin

sr. member

Activity: 1344

Merit: 451

I am so worried about the current market situation, I have a lot of trading going on here. I started the future trading and I lost a lot there. Seeing the state of the market, I can't stand it.But I know why it seems that the market will go up.Those who want to invest in the moment can invest, but now is the time to invest. Just hold on for some time by investing.

crzy

full member

Activity: 2128

Merit: 180

Quote from: ?? on ??

Quote from: haenko on January 21, 2022, 12:19:07 PM

The entire crypto market is falling again today, but is this the first time? Didn't it fall the same way in 2021 before the new ATH? And remember what was the level of greed and fear at $40,000 a year ago and now? I see this drop as an opportunity to buy fundamental tokens at a good price. I bought NEAR, Sol, Aurora, Harmony, Link, ADA.

Also a good reason to believe that this is just a correction is the fact that the largest venture capital funds continue to invest money into the market. For example, a month ago Three Arrows Capital bought 156K ETH, or just recently A16z, Alameda, Three Arrows Capital held another round of investment and invested $150M in NEAR Protocol, which indicates that serious guys like a16z and Alameda still believe in growth.

Everyone said it’s the doomsday for crypto. Why do you think it’s just a correction?

Because the price will still pump and we need this drop so we can accumulate more beside this is already expected to happen after breaking so many peak last year, now the big corrections are happening.

We should not panic and don’t just hold, better to buy as well because this might be the last cheap price of Bitcoin because if its able to reach the $100k mark, I’m sure it will become more expensive.

Kelvinid

sr. member

Activity: 2828

Merit: 344

win lambo...

I just look at how tough would be for the market facing another bear sign. But why we should be panicking? This is not the first we experience this, so Hold, keep calm, and buy more (if we still have the money).

Well, I can picture out the feeling those who buy last week, many of them are in trouble this time or might they are selling now.
Bitcoin had continued to drop, we don't know and find no big reason for this that is why I could say this will take so long and this correction will just stop. But I think, we even going to drop more and reach $35k before the recovery starts.

wxa7115

hero member

Activity: 2702

Merit: 704

Bitcoin is GOD

Quote from: ?? on ??

Quote from: haenko on January 21, 2022, 12:19:07 PM

The entire crypto market is falling again today, but is this the first time? Didn't it fall the same way in 2021 before the new ATH? And remember what was the level of greed and fear at $40,000 a year ago and now? I see this drop as an opportunity to buy fundamental tokens at a good price. I bought NEAR, Sol, Aurora, Harmony, Link, ADA.

Also a good reason to believe that this is just a correction is the fact that the largest venture capital funds continue to invest money into the market. For example, a month ago Three Arrows Capital bought 156K ETH, or just recently A16z, Alameda, Three Arrows Capital held another round of investment and invested $150M in NEAR Protocol, which indicates that serious guys like a16z and Alameda still believe in growth.

Everyone said it’s the doomsday for crypto. Why do you think it’s just a correction?

The markets are not a democracy, if anything the majority is wrong most of the time, right now the market cap is going down roughly 11%, I know that for people that have traded the stock market this is a huge percentage, but this is nothing in the market of cryptocurrencies.

I have seen similar movements many times during my journey in this market and since that is the case it is obvious something like this is not going to scare me, and even if this happened to be a crash and not a correction that is fine with me too, as I will have the opportunity to buy bitcoin for a low price again.

tvplus006

legendary

Activity: 2268

Merit: 1655

To the Moon

Quote from: haenko on January 21, 2022, 12:19:07 PM

The entire crypto market is falling again today, but is this the first time? Didn't it fall the same way in 2021 before the new ATH? And remember what was the level of greed and fear at $40,000 a year ago and now?..

If you are trading on the spot market, then you are not in danger of liquidating your position. And accordingly, you can stay calm on such a dump and look for a convenient price to buy coins at low prices. Panic is mainly affected by those who bought coins at a high price and at the same time used high leverage.

Topic: Don't punic, just hodl - page 29. (Read 9055 times)