Free falling Bitcoin - page 3. | Bitcointalksearch.org

pooya87

legendary

Activity: 3472

Merit: 10611

Quote from: mk4 on May 17, 2021, 12:22:23 AM

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!

ChiBitCTy

legendary

Activity: 2282

Merit: 3014

Quote from: Armani123 on May 16, 2021, 10:44:54 PM

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.

You haven’t lost anything until you sell. Once you sell you no longer have the opportunity to grow that same bitcoin value back to where it was pre-Elon nonsense. Most people who sell in down markets end up waiting too long to get back in as well, therefore the vast majority would have been far better off weathering the storm.

It sounds like your portfolio needs restructuring. I’d recommend reading my write up here (and GMaxwell’s post which is the last in the thread. Of note: he’s a legit cypherpunk/former btc Dev) - https://bitcointalksearch.org/topic/m.55577767

aoluain

legendary

Activity: 2436

Merit: 1362

Anyone who has been into Bitcoin since at least 2017 will be familiar with the
current trend. What is going on now is just a correction, its normal and it happened
in the 2017 bull cycle too, yet here we are in 2021 up at $45,000 - what does
that prove?

OP has to realise we may go lower but in a few weeks we will be leaving these
"low" $ values behind.

Dont be weak and sell now for others to buy your Bitcoin cheaply - HODL

lienfaye

hero member

Activity: 3010

Merit: 629

Quote from: Armani123 on May 16, 2021, 10:44:54 PM

I believe that it'd be sensible for me to sell all of my Bitcoins and wait for a suitable time to reinvest.

How much is the price of bitcoin when you invest in it? Because if you will sell at loss now, its just shows you only waste your money for investing in crypto since you're not prepared for times like this.

Its quite normal to have worries if the situation is not what we expected it to be. However if you take time learning about how crypto works (the moment you first invest) and aware of the possible scenario that can occur then you're not going to panic. For most of us the best decision now is to hold and take advantage the correction to buy more. Thus think whats more beneficial for you to avoid having regrets.

Argoo

sr. member

Activity: 2352

Merit: 245

Quote from: Armani123 on May 16, 2021, 10:44:54 PM

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 is now too late to sell bitcoin when it has dropped in price to the current $ 43,000. It is foolish to sell when it has already dropped so much. Now has come a period of great correction, which many have been asking about for a long time. Perhaps it will drag on for the whole summer or the market will recover in one or two weeks. It will be seen over time. However, the next wave of growth is sure to come, and we will surely see it this fall.

amishmanish

legendary

Activity: 1904

Merit: 1159

Quote from: mk4 on May 17, 2021, 12:22:23 AM

--snip--
That, or you really just don't know investing in general. Because price drops aren't out of the ordinary for literally any asset.

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.

gabriela1999

member

Activity: 299

Merit: 10

The market cannot grow forever. Even securities or gold, real estate .... there must be an increase and according to the cycle. When the Bitcoin price decreases what I see with professional traders they often divide the amount of capital to buy in different levels and start long-term Hold instead of selling off their property in the falling market.

OcTradism

hero member

Activity: 1722

Merit: 801

Quote from: Armani123 on May 16, 2021, 10:44:54 PM

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.

The falls of Bitcoin in past several days are not freefalls. You have to define your free fall.

I'd prefer to call the fall in March 2020 is a free fall but this year, no free fall has yet appeared. In 2020, people were uncertainty about the bottom of Bitcoin, the probability for Bitcoin to touch the 2017 all time high and more. Many other doubt with serious uncertainty in 2020.

This year, the bull market has its time to cool down hot and greed heads. Corrections are not equal to free falls.

mk4

legendary

Activity: 2870

Merit: 3873

Paldo.io 🤖

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.

Armani123

newbie

Activity: 18

Merit: 5

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.

Topic: Free falling Bitcoin - page 3. (Read 560 times)