Don't worry, Bitcoin will be fine. - page 50.

glowing10

full member

Activity: 812

Merit: 142

Quote from: zedrickjuls on August 11, 2018, 03:50:53 AM

Sudden fall of bitcoin price is a normal scenario in bitcoin and it is normal also for us to feel disappointed with our investment,but the best way we can do is to stay calm,do not sell your bitcoin at low price then regret later.

It is important to stay calm and have patience else it would be a panic selling and it would harm the bitcoin price more as crash would happen more and thus as a result investors will have to wait for more time to get their returns or will have to sell in a loss.

A7373

member

Activity: 602

Merit: 15

I wish your technical analysis and words are right! That will be very good for all crypto lovers. But i think that year wouldn't be the same as last, becouse a lot of people affreid bitcoin after dump.

TraiKH

newbie

Activity: 207

Merit: 0

Quote from: ys fs on August 11, 2018, 05:48:05 AM

if it's still okay, why is the price now very low or down, and in my opinion it is a big threat to bitcoin because it can destroy bitcoin itself... Embarrassed

We may be aware of the volatility and bewilderment of the current trend. But this is not the first time Bitcoin slipped down to 6k. The real problem here is that the ETF can be a double-edged sword. Maybe, the volatility will be more stable after this week.

ys fs

newbie

Activity: 234

Merit: 0

if it's still okay, why is the price now very low or down, and in my opinion it is a big threat to bitcoin because it can destroy bitcoin itself... Embarrassed

Mariela

jr. member

Activity: 224

Merit: 2

Yes. Of course, but we must still believe and focus to the industry of bitcoins.
Eventhough the value of it is gradually decreasing.

indopool

full member

Activity: 403

Merit: 100

Quote from: Handsome Boy on August 04, 2018, 10:22:43 PM

why does everyone start to panicking when they see the price of Bitcoin dropping so much, in my opinion it is natural that the price of Bitcoin falls because Bitcoin has experienced the same thing as now, so I suggest not to be afraid and panic.

we will see from this graphic :
1. On April 29, 2013 the price of Bitcoin was only $ 135.30

2. and on November 30, 2013 the price of Bitcoin increase high at the price of $ 1,149.14

3. then on January 2, 2014 the price of Bitcoin decreased at a price of $ 773.40 and on December 31, 2016 the price of Bitcoin began to increase again

4. and the price of Bitcoin began to rise high at the price of $ 19,783.30 on the 17th of December 2017

and as we know, now the price of Bitcoin at $ 6,948.46 and this is indeed down very far compared to prices on December 17, 2017, but it has already happened in 2014 where the price of Bitcoin dropped very far and it continues until 2016 and in 2017 finally Bitcoin prices start to increase again (it takes around 3 years to make Bitcoin prices rise). so from that, I'm sure the price of Bitcoin will increase again even though the time needed is not short.

From the first time you invest, you should know with the risk of a decline like this, a deep understanding of Bitcoin really helps you in facing difficult situations like this. and you have to invest money that you can release so that situations like this don't stress you out.

megatrix

member

Activity: 217

Merit: 22

Thank you for this post, I appreciate posts like this because it gives us hope and makes us feel that we should not panic at all, there are some setbacks along the way but everything will be fine. We need to be positive to be able to manage our emotions and stay patient. Remember in the crypto currency investments, those people with patience will gain more profit.

Kapee

jr. member

Activity: 182

Merit: 1

I become worried with most people in the crypto business who have lost hope within sometime now when bitcoin price dropped. I know it is not easy and has never been easy to see dip of the coins but by all means ans sooner than later, Bitcoin is coming with a full spike so lets keep in touch.

Kayuslawal

newbie

Activity: 112

Merit: 0

No one needs to tell me that, i already know bitcoin will be fine soon because i have seen the future and what lies on it with the use of digital currency in world.

Afnan_faizah

full member

Activity: 840

Merit: 188

Quote from: enwi on August 11, 2018, 04:41:11 AM

yes, from the graph it has been seen that the price of bitcoin has the same pattern every year so we don't need to worry about the price falling because it will definitely rise again

People who don't thrust to bitcoin then sell their bitcoin wgen its price fall then they didn't make good decision at that time. I have the same thought with you, I think bitcoin price still has the potential of price increasing. So bitcoin will be fine.

MyNameIs Trung

newbie

Activity: 44

Merit: 0

I also don’t understand why everyone gets panic so easily. I mean, if you afraid to lose that much, why did you put the money on bitcoin in the first place? Why did you take the risk if you can’t handle? I also lost, i’m also still waiting and hodling but at least i try to keep myself calm. Lips sealed

Indai24

member

Activity: 448

Merit: 10

Quote from: Edgarroni on August 11, 2018, 04:46:09 AM

The current Bitcoin Gini coefficient is around 0.88, which is on par with North Korea, and about 0.25 above a bunch of other countries.

This coefficient has gradually improved over time and I would expect it to continue to improve, as there is no reason why the richest bitcoin holder would not need products and services, and pay with them in bitcoin.

I greatly appreciate how bitcoin performed, and I am one of the biggest fan because of it's efficiency and hiw it improved gradually, many of us are hoping that this would continue to grow.

Edgarroni

newbie

Activity: 29

Merit: 0

The current Bitcoin Gini coefficient is around 0.88, which is on par with North Korea, and about 0.25 above a bunch of other countries.

This coefficient has gradually improved over time and I would expect it to continue to improve, as there is no reason why the richest bitcoin holder would not need products and services, and pay with them in bitcoin.

enwi

full member

Activity: 602

Merit: 101

yes, from the graph it has been seen that the price of bitcoin has the same pattern every year so we don't need to worry about the price falling because it will definitely rise again

dilemamis

full member

Activity: 247

Merit: 100

Don't panic about the current price reduction, because this usually happens in coinmarketcap. We all know that once the price drops, it will automatically rise again.

fnamcma879

newbie

Activity: 32

Merit: 0

The fact is: you think you control your own money, but you DON'T! With fiat, you don't have a choice, with Bitcoin or other crypto: you have a choice. You just can be your own bank. Let me finish with a thought-through about your post: you are free to be a non enthousiastic, everybody has an opinion, but I'm not sure about the underlying reason of your post. The fact you are here on Reddit, posting this post only tells me you have invested in crypto yourself but maybe you lost some money and lost faith. A real non enthousiastic won't even know this sub, let alone creating an account and posting some FUD (you even know the terminology)...

gjaoirlaj9865

newbie

Activity: 29

Merit: 0

Bitcoin's drastic change, unlikely to be good or bad, demonstrates a collapse of belief in human society: away from the financial institutions set up by the government and the hope of operational systems. based algorithm. The core issue of currency today is that people are forced to believe that it will work.

zedrickjuls

jr. member

Activity: 196

Merit: 1

Sudden fall of bitcoin price is a normal scenario in bitcoin and it is normal also for us to feel disappointed with our investment,but the best way we can do is to stay calm,do not sell your bitcoin at low price then regret later.

Syarief28

newbie

Activity: 70

Merit: 0

When you buy Bitcoin, Yes, I will not worry about seeing a decrease in bitcoin prices, because we believe that the price of bitcoin is rising and falling is also good, so we are still waiting for a higher selling price
and it's better if bitcoin is rising

rinkeshkashyap01

newbie

Activity: 232

Merit: 0

All we need is being patient and wait for the bull season.Bitcoin draws the same graphics almost every year.Price can drop sometimes, the volatility is the nature of this market so there is no need to panic.No doubt that Bitcoin will fully recover. But the main question is when will it happen?

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