Right. Bitcoin is in free fall. Bitcoin value is going low during this period. Is there something unusual here? You should exercise caution when investing in bitcoin at this time. Due to the impact of the world economy, the covid 19 pandemic is breaking out strongly globally, especially in Asia. It has had a dramatic impact on the bitcoin value. You should ensure your safety during this time.
I agree with you that bitcoin is in free fall currently. There is no unusual I guess since it's normal in bitcoin to change it's value. The only unusual is the duration, I observed the fall is quite long. I'm from asia and right, this pandemic really hits us hard economically and up until now our country is not recovering. It's not the right timing right now to invest in bitcoin here in us. All asians should be extra careful during this time. 
Topic: Free falling Bitcoin - page 2. (Read 560 times)
Right. Bitcoin is in free fall. Bitcoin value is going low during this period. Is there something unusual here? You should exercise caution when investing in bitcoin at this time. Due to the impact of the world economy, the covid 19 pandemic is breaking out strongly globally, especially in Asia. It has had a dramatic impact on the bitcoin value. You should ensure your safety during this time.
I agree with you that bitcoin is in free fall currently. There is no unusual I guess since it's normal in bitcoin to change it's value. The only unusual is the duration, I observed the fall is quite long. I'm from asia and right, this pandemic really hits us hard economically and up until now our country is not recovering. It's not the right timing right now to invest in bitcoin here in us. All asians should be extra careful during this time. 
Don't look at the daily prices. That will only push you to dump all of your bitcoins because your having an emotional panic and that's really normal if you've experience this for the first time and you're not used to it. In the beginning, what did you planned? are you a short term buyer and you've planned to sell it whenever you get 5%-10% of profit? don't panic or else you're just going with the market with your FOMO and panic which will lead you to more losses and will eventually make you quit.
Don't even look at weekly or monthly prices. They're all a waste of time in the long term, or even in the medium term. If you're into Bitcoin then you must know this lasts in repeated cycles, with very little time spent in the top and most of it spent in the bottom, and in between all kinds of high extreme volatility.
Just chill and live life normally.
My oh my! Since a few days back my blood pressure has being spiking higher and higher, seeing the price of Bitcoin doing a freefall. I know its prudent for an investor not to panic when the market falling, but I can't help myself starting to panic. I believe that it'd be sensible for me to sell all of my Bitcoins and wait for a suitable time to reinvest.
Real bitcoiners never panic when the market is falling, it is newcomers who are doing panic selling during a sudden correction. Real bitcoiners are happy when the market is dumped because the market gives new buying opportunities at the time of dumping. Also, professional traders & swing traders are fixed the part of their profit and waiting for a big correction, A hard bounce from 42000$ is giving a reversal signal now, I think now it is a great trade opportunity for new comer. Our goal is to invest in Bitcoin to make a profit, so when the Bitcoin price falls don't panic and sell it. Better HODL our Bitcoin than to sell it now,
even if we have extra money, it can be used to buy Bitcoin again. If we want to sell Bitcoin it should be when the price is above $ 60k,
selling Bitcoin now in my opinion is not a good decision.
My oh my! Since a few days back my blood pressure has being spiking higher and higher, seeing the price of Bitcoin doing a freefall. I know its prudent for an investor not to panic when the market falling, but I can't help myself starting to panic. I believe that it'd be sensible for me to sell all of my Bitcoins and wait for a suitable time to reinvest.
It couldn't be help specially if you're new in crypto investment or you invested too much in it.Either way if it is causing too much stress that is affecting your health I suggest to take a break from it,
You could earn the money but your health is more important than it.
You would either get use to it because having a price drop is normal in crypto or just invest what you really could afford to lose don't invest too much if you couldn't handle it.
My oh my! Since a few days back my blood pressure has being spiking higher and higher, seeing the price of Bitcoin doing a freefall. I know its prudent for an investor not to panic when the market falling, but I can't help myself starting to panic. I believe that it'd be sensible for me to sell all of my Bitcoins and wait for a suitable time to reinvest.
Real bitcoiners never panic when the market is falling, it is newcomers who are doing panic selling during a sudden correction. Real bitcoiners are happy when the market is dumped because the market gives new buying opportunities at the time of dumping. Also, professional traders & swing traders are fixed the part of their profit and waiting for a big correction, A hard bounce from 42000$ is giving a reversal signal now, I think now it is a great trade opportunity for new comer.
Right. Bitcoin is in free fall. Bitcoin value is going low during this period. Is there something unusual here? You should exercise caution when investing in bitcoin at this time. Due to the impact of the world economy, the covid 19 pandemic is breaking out strongly globally, especially in Asia. It has had a dramatic impact on the bitcoin value. You should ensure your safety during this time.
Don't look at the daily prices. That will only push you to dump all of your bitcoins because your having an emotional panic and that's really normal if you've experience this for the first time and you're not used to it. In the beginning, what did you planned? are you a short term buyer and you've planned to sell it whenever you get 5%-10% of profit? don't panic or else you're just going with the market with your FOMO and panic which will lead you to more losses and will eventually make you quit.
My oh my! Since a few days back my blood pressure has being spiking higher and higher, seeing the price of Bitcoin doing a freefall. I know its prudent for an investor not to panic when the market falling, but I can't help myself starting to panic. I believe that it'd be sensible for me to sell all of my Bitcoins and wait for a suitable time to reinvest.
What do you think is "a suitable time"? Because you need to have a plan, otherwise you'll end up selling at the bottom where you have the highest angst. This is not a financial advice but i think that this is the correction we have been waiting for. And it's much more profitable to buy the dip then chasing it late every time it goes back up.
Bitcoin's price drop has been predicted by traders. We should accept the truth and have a reasonable way to adapt to the market to survive and be profitable.
Bitcoin is in free fall, at some point, it will stop falling and rise again. I don't worry much about the market because I know how it works and takes risks in trading.
Bitcoin is in free fall, at some point, it will stop falling and rise again. I don't worry much about the market because I know how it works and takes risks in trading.
If you're panicking because of price drops, you either don't know what you're investing in, or you're overly allocated.
That, or you really just don't know investing in general. Because price drops aren't out of the ordinary for literally any asset.
That, or you really just don't know investing in general. Because price drops aren't out of the ordinary for literally any asset.
I never did understand how people who call themselves full time traders or pro traders panic. If you're pro, you're stop lossed. You know where exactly you enter the market, and where exactly you exit, and you have different stops for both sides of the sell and buy, and allow the market to settle those things for you.
Speculation is not investment also, not necessary anyway.
Don't panic, you can always click the sell button if you think bitcoin will drop more.
This is normal, we are not seeing a bull market all the time, a correction happened and we are seeing this kind of big dumps.
Just be patient if you are for the long term, but if you are for short-term investing or trading, betting convert it to stable coin now and just buy when bitcoin will dip more, I have a feeling it will go down further.
Alternatively, they can press the buy button now that the prices are going down and it will be much better for the long-term hodlers since not everyone has a strong hands in terms of hodling . I don't get how people have been advised for a long time about being patient but they still don't do it, makes me wonder how stupid an average person is. This is normal, we are not seeing a bull market all the time, a correction happened and we are seeing this kind of big dumps.
Just be patient if you are for the long term, but if you are for short-term investing or trading, betting convert it to stable coin now and just buy when bitcoin will dip more, I have a feeling it will go down further.
MK, Isn't it a bit wrong to suggest that investing entails that any other asset will have similar price drops?
Bitcoin is unique in that it tends to go through these phases of FUD and potentially huge drops. The most recent FUD is sponsored by Elon Musk and his band of followers who have bought into DOGE. Everytime this happens, the Bitcoin community of devs and creators end up proving that Bitcoin is indeed irreplaceable as the sound money for this whole crypto ecosystem. That is when people come rushing back in and these drops are reversed.
So, rather than just seeing this as a basic investment faults, newbies should be encouraged to research the history and fight the FUD.
Bitcoin is unique in that it tends to go through these phases of FUD and potentially huge drops. The most recent FUD is sponsored by Elon Musk and his band of followers who have bought into DOGE. Everytime this happens, the Bitcoin community of devs and creators end up proving that Bitcoin is indeed irreplaceable as the sound money for this whole crypto ecosystem. That is when people come rushing back in and these drops are reversed.
So, rather than just seeing this as a basic investment faults, newbies should be encouraged to research the history and fight the FUD.
This really isn't anything new with investing in general, because FUD and huge drops occur in certain stocks as well. Just a lot less compared to BTC. It's just that the negative press comes in different shapes and sizes; whereas in this case, Elon ends up being the culprit.
Don't panic, you can always click the sell button if you think bitcoin will drop more.
This is normal, we are not seeing a bull market all the time, a correction happened and we are seeing this kind of big dumps.
Just be patient if you are for the long term, but if you are for short-term investing or trading, betting convert it to stable coin now and just buy when bitcoin will dip more, I have a feeling it will go down further.
This is normal, we are not seeing a bull market all the time, a correction happened and we are seeing this kind of big dumps.
Just be patient if you are for the long term, but if you are for short-term investing or trading, betting convert it to stable coin now and just buy when bitcoin will dip more, I have a feeling it will go down further.
If you're panicking because of price drops, you either don't know what you're investing in, or you're overly allocated.
That, or you really just don't know investing in general. Because price drops aren't out of the ordinary for literally any asset.
My take: people, mostly newcomers, 6-months old bitcoiners or something like that, are not going mad because of the massive drop, i bet most of them are losing their minds rn cos they're starting to realize just how easy it is to manipulate the price if you're a top influecer like Elon and that's scary if you're new in the marketThat, or you really just don't know investing in general. Because price drops aren't out of the ordinary for literally any asset.
Sure they prolly they knew about whales, volatility and the massive swings in the price, but they probably didn't know how a few tweets can easily crash the price overnight. Not only is that actually an extraordinary event (a tweet causing a shitstorm in the cryptosphere), it's fcking insanity to new crypto investors and hodlers that such thing can happen and there's nothing we can do about it
Patience and strong nerves characterize real investors. Ask yourself what can I do now? Selling on a fall is not a very correct action. Just get distracted. The market cannot always be growing, many were expecting a fall. Now, as Robert Kiyosaki suggests, on the contrary, is a good time to buy bitcoin. Big companies, if you noticed, keep buying. And this means that not everyone can panic and react to every word of Musk, to his regret.
What's the chance if all FUD in this forum were made from the Elon Musk and Tesla team 
Looks like many peoples want to make the price more cheap to buy every dip.
Elon musk aren't understand Bitcoin generally, how can he said Bitcoin is centralized LOL and same with those peoples who believes him. Many people didn't learn and understand first before investing, all they know is to get profit from the volatility.
Looks like many peoples want to make the price more cheap to buy every dip. Elon musk aren't understand Bitcoin generally, how can he said Bitcoin is centralized LOL and same with those peoples who believes him. Many people didn't learn and understand first before investing, all they know is to get profit from the volatility.
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I believe that it'd be sensible for me to sell all of my Bitcoins and wait for a suitable time to reinvest.
That's "suitable time" is right now, you'll regret for sell all your Bitcoins. 
My oh my! Since a few days back my blood pressure has being spiking higher and higher, seeing the price of Bitcoin doing a freefall. I know its prudent for an investor not to panic when the market falling, but I can't help myself starting to panic. I believe that it'd be sensible for me to sell all of my Bitcoins and wait for a suitable time to reinvest.
If you are this sensitive, the best for you would be to sell and never look back.
Bitcoin price fluctuations can be wild and some just cannot handle that. And you seem to be part of that category. This means that it's better to take care of your health, even if this means you may be losing now some bucks and may be missing the opportunity for some easy money at some point in the future. Because if your blood pressure cannot handle this, it may not handle well also a (hypothetical) jump to 90k and another (hypothetical) fall back to under 50k or even under 20k.
Anyone who has been into Bitcoin since at least 2017 will be familiar with the current trend.
On the other hand, those in this market for that long will not be scared that bad since even if it falls to 20k they're still on profit. That helps by a great deal to have a certain peace of mind, no matter what happens now.
Hi,
It's easy to say, nah !! this is normal, you do not know the crypto market (!?)
But undoubtedly it is instinct to present FoMo when that instinct is not trained for such situations and you may know it, read it, understand it but in practice you will Break mind, when faced with the reality of any bitcoin down, man it's a roller coaster ride that isn't for everyone. The first trip is always the hardest
One thing is to read the historical data of bitcoin and another is to live them, the break of 2017-2018 is undoubtedly for those who lived it strength today.
Today you live your BreakMind, if you overcome it it will be your strength for the future.
G.B.
It's easy to say, nah !! this is normal, you do not know the crypto market (!?)
But undoubtedly it is instinct to present FoMo when that instinct is not trained for such situations and you may know it, read it, understand it but in practice you will Break mind, when faced with the reality of any bitcoin down, man it's a roller coaster ride that isn't for everyone. The first trip is always the hardest
One thing is to read the historical data of bitcoin and another is to live them, the break of 2017-2018 is undoubtedly for those who lived it strength today.
Today you live your BreakMind, if you overcome it it will be your strength for the future.
G.B.
If you're panicking because of price drops, you either don't know what you're investing in, or you're overly allocated.
That, or you really just don't know investing in general. Because price drops aren't out of the ordinary for literally any asset.
That or the price dropped and the FUD campaign begins its work on social media again with continues negative posts about bitcoin. There are 14 FUD related topics in the first page of this board alone today!That, or you really just don't know investing in general. Because price drops aren't out of the ordinary for literally any asset.
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