Topic: Guys calm down and relax. Its going to be fine. (Read 1412 times)

There is nothing to be afraid of crypto when the price dives down, because the crypto price will bounce back to a higher price and a bigger profit will be obtained.

I don't think it's true, though. Bitcoin and crypto in general aren't going anywhere - yes, there has been a bit of a slump this past month, but, all in all, good times are coming.

don't you see the bitcoin transaction volume getting smaller? To be honest I'm very worried about this problem, although many say this is only a correction but in my opinion bitcoin is in danger.

Bitcoin is getting better as the days are passing . It is back to 3550$ now and if we all keep supporting and investing in the future of the currency it will definitely reach back to 10k levels soon and will help all the investors to make or recover their money if bought at higher rates.

Bakkt is the game changer guys. Institution buys will be in the millions of dollars. Something bitcoin has never seen on the open market. Goldman sachs, chase, bank of america all the hedge funds are going to take some kind of position in bitcoin now that the obstacles and regulatory issues have been resolved. This is going to take quite a few coins out of circulation for a long time.

For sure you're right... this bitcoin will stay with us as we have still huge transactions everyday. This is just a major correction and sooner this will rise to the stardom again. Be patient always.

These bad times looks like they may be here for a while. I am not an expert on bitcoin price nor I will ever be because I am not a economics type of guy but I got into bitcoin 5-6 years ago and now I have been here for a while and I have seen things that new people did not see.

As far as I see we won't be going any worse from now on, in order for us to be any worse than what we are right now we need to actually see a big whale sell a lot of coins again. If that doesn't happen we are going to be either around here or we will be going a bit higher, nothing much but a bit higher.

After that we are going to be around that level for a long long time since there is nothing big happening in bitcoin that could change the market a lot. ETF is not putting the money directly into bitcoin so that can't have a huge impact expect psychological.

Yes, I also believe the cryptocurrency will not end easily, and in the future it will grow. No need to panic and doubt cryptocurrency, because cryptocurrency will have a bright future.

Its a game not a currency.

Just learn the rules of the game and always play to your advantage.

Cheat if you have to.

 

I for one welcome our new cheap coin overlords 

It might take some time before things balance up and trading is getting very bad now.  I think we are not going to have bad time in future and investments into cryptocurrencies is going to reward some of us handsomely in future.  If you can be patience with the market there is no way you will not benefits from the market.

If your bitcoin or cryptocurreny awareness started long before the before the bullrun of 2017, then you already knew how the cryptocurrency behave and including the factors that affect them. There are many bitcoin crashes in that period and yet it always managed to recover and continued to reach more all-time highs but if you are shaky investor then cryptocurrency is not for you. Cryptocurrency provides more profits than invesment that uses fiat and it is the reason why it is more risky.

Indeed, the way I see things at the moment is the cryptocurrency market is under market correction and the market will be healthy when the correction is finished. I don't know why people are spreading FUDs around, e.g. saying the bitcoin is dead or the bitcoin is a bubble and so on. Whenever the bitcoin price reaches a new ATH there must be a correction that will follow.

Existing users might get stressed a bit as their value of coins have fallen a lot in this last few months . But if you see a new investors it is the ideal time for them to enter the market and start buying the coins as this is the time to buy and sale on high prices once it reaches your goal .

Current market conditions might make people stressed and pessimistic about crypto, but it shouldn't be like that, maybe for the time being we should stay calm and maybe we need time to relax and calm down

I totally agree, as long as bitcoin doesn't go to zero then we are still much alive. Those who panic they are those who sell for a loss which is a very bad idea for this moment of time. Bear market is still visible so we just have to hold all on and believe bitcoin that it will surpass through the storm and wait for the rainbow to show up.

Just a little patience!

https://www.tradingview.com/chart/u75MIW30/#

you're only considering people who bought into the bubble. i'm thinking about people who bought over the last 6-8 months based on the $6000 bottom, and didn't sell because the $6000 support held for so long. they assumed it was the bottom---you could see that sentiment all over the forums, the media, and elsewhere.

after it broke for good, fear and panic set in, and they still have a strong grip over the market. sure it might be foolish. most traders lose money though, so it's not surprising.

Yes patience is the key, but for this who bought at high and see now price they are panic if investment was a lot % of what they have, but i think in future we can see a higher price then ever and my advice is to hold and not panic and do what they before invest.

its easy to say right now in hindsight. the price fell from $20k to $6k in a month?? On the first drop to $6k did you think the price was going to stop there?? I didnt.  what do you think was going through the mind of someone who just got into crypto 1 or 2 months earlier? I think that first bounce or even well before, cleared out the majority of the get rich quick people out tbh. if you hung around for 2 more bounces off $6k, multiple head fake rallies to $8k and $10k, bear, bull traps the whole nine yards and you didnt sell then, only to sell below $5k, if that was the price you bought, you are a fool and you deserve to lose half your investment. what I am saying is if you held all year you probably will keep holding and not sell at whatever price now.

not necessarily. the price was trading above their break-even price all year, so they weren't feeling any pressure to cut their losses and sell. it wasn't even four weeks ago that the price crashed below the $6k area. there's probably a lot of holders sitting on losses now who are waiting for bounces to sell into. if the price continues grinding down, they'll be in more and more pain from the losses, so they could help to form a capitulation selloff.

There needs to be a significant show of strength by bulls, visible on the long term charts and accompanied by strong volume. That usually happens off a capitulation wick, but it doesn't need to. I'll continue to expect one until bulls make a move though. The current price action shows a lot of weakness. I think it's likely to at least retest the lows or hit $3K.


There can't only be buyers, otherwise there will be no trades. If price runs higher than the spot market, people will definitely use it to sell. Arbitrage should keep the markets pegged.

I am going to go out on a limb and make a call I think the bottom is in. $3k is the bottom. There doesnt have to be a capitulation wick down to x dollars to make it a proper bottom.

 Like I said before I don't think all this selling was due to fiat redemptions.  I still believe the sole purpose was whales buying back their coins cheap to resell to institutions for bakkt. correct me if I am wrong but when bakkt opens the only people that are going to be using it at first are buyers. no institution is waiting fo bakkt to open to dump their coins right?

Here is why I really think we are at the bottom.

 At a $3k price right now all there is left for the most part are hardcore hodlers and those waiting on the sidelines to buy back in. Last year the hysteria really didnt start until the price went through $5k the second time. The first time we crashed back to $3500 which was a huge head fake which probably put off many retail investors. So they probably were waiting to confirm the uptrend before commiting they have sold or are underwater and going down with the ship
I can't see anyone that bought above $5k saying "ok if the price goes to $2500 I am selling" that is silly I am sure those that wanted to sell have long sold and are out for good or are waiting for the bottom.

So what I am getting at is that at $3k all that is left are the real hodlers. Most hodlers are probably underwater because I am sure most long term btc hodlers bought in more as the price was rising and falling over the last 2 years. So why would whales continue to sell and for lack of a better term, turn on their own or eat their own. If it wasn't for hodlers the price probably wouldn't be where it is, went to or where it will go. There really isnt much incentive for whales to keep crashing the price if all you have left are those that believe and are in for the long run. Whales are greedy and they want to ring every single coin out of everyone in this market until all that is left are people underwater bag holding and the die hards who arent going to be selling anytime soon. I think that point is now.

Bitcoin is not really dying but it has been in bearish position for long time and that should give us great concern. It is find it very difficult to recover and that mean it might be in this way for long.  I think it will touch $3000 before it will bance back.  Trading currently is not as profitable as it used to be and I have avoided the market since last month.  If bitcoin is going to recover it might take 2 years for recovery alone.
This is how this market behave.  It do disappoint at the time you need fund.  We just need to be a bit patience and invest with carefulness.  Never trade with the fund that you will need to used.

Actually, if you know the market and how it cycles and know that you are promoting the right thing, it is the best to advise people to invest in a market when it crashed because it is where the price is the cheapest and there is more room for the price to grow.  Would you suggest your friend invest in a market that is overly hyped and while the price is so high?  That is the problem of people who invested in Bitcoin when it was on its ATH and when the hype is the strongest.

This is one problem that when market is down at that time we require money and have to sell in loss . If people hold it for a long time or get their prices they will make money sonnet or later but only thing will require to have a holding capacity which will help to grow your money in long term .

I should have  explained my thoughts a little better. we don't know what was going on at $6k. it bounced off that price a few times during the year. that could have been the price where the whales covered their shorts from $20k down, and all the bounces in between, or it could have been a price point where whales started to borrow coins to short. so when I say there are no buyers, retail buyers have zero effect on the price. whales determine the price just like institutions on wall street. so whatever happened at $6k it was between the whales and probably has nothing to do with the retail public buying or selling. just my 2c.

That's where I disagree. There was obviously significant buying support at $6,000 at one point. There was also obviously significant supply considering the successive lower highs all year. That buy support finally got exhausted and bears won a 9-month long battle.

When long term consolidations finally break, they usually thrust really hard. I think it's because the range is so well-defined that everyone can recognize it. So the market moves in unison once price moves outside of it. Once price was below $5,800 all buyers from 2018 were losing money. That's a lot of downwards pressure, in addition to traders who saw an obvious technical breakdown and sold or shorted it.

Absolutely! Frustration and disappointment are normal response we feel whenever things don't seem to go with what we expect. Price fluctuation is part of market growth and expansion, stay calm inorder to think and decide creatively. For people who are aware of its nature this is no longer surprising. No matter how market seems to rise and fall, our attitude really matters on how we handle such situations. It can be distressing but if we let it affect us negatively then it won't yield a positive result.

Of course I do it's just i'm getting sad a bit because this is the time where I need cash and this happen. I'm all aware that price were going to be fine soon ain't that frustrated like others. If you don't want to get frustrated in this fall, maybe you should take a rest and stop reading negative about btc.

As what had OP said just relax and calm down, yes it is the right time to buy more in Bitcoin while it is very cheap in the market.
All your questions I answered at once, buy now while it is a cheap price in the market and ride the whales want that Bitcoin makes cheap.
Indeed, as of now the best thing to do is HOLD.

How about this scenario regarding the current sell off: what if the whales are selling off on purpose to let us(current hodlers and believers) buy in cheap before they raise the price for the institutions when bakkt launches in january?? almost like here you guys go, last chance to buy cheap before we stick it to wall street???

The market will indeed be fine, but this deep downturn has sparked concern. It's better to stay calm, and if you're too worried, take a break.

Well it crashed from 6000s to 3000s because the BCH war caused panic throughout the industry (for whatever reason). People panic sold like crazy and now since it is lower than a lot of people ever thought it would be again when it looked like 6000 was a very strong stable bottom even more people are panicking and selling. Obviously there are lots of buyers right now (I'm one of them!), but the panic sellers are out in force  and they are spurred on by all the media articles coming out in the wake of the recent crash saying yup Bitcoin is dead for sure. As we get further from that BCH war which caused the drop people will panic less as the price stabilizes (likely in the 3000s) and buyers and sellers will even out more, and people who panic sold will be like oh its stable now I guess I'll buy back in, also reducing the over-abundance of sellers.

I think it will be fine but I see way too many people who only care about the price.    Its not a lottery ticket to win on, the utility for BTC is what really drives its usage and after a long while down the road it keeps a price only because people have a reason to keep it in their pockets overnight.   Limited supply together with growing demand and its global availability is really what makes the price rise, seems we went up too fast and it has to balance.   

In the end the balancing of the price even downwards after going up, that is a positive and yes like the thread title it will be better off for this process of adjustment.

The more I look at this the more I think the price is being pushed down on purpose. This crash from $6000 to $3300 is a sh*t ton of money that just went bye bye. I can't see it being a whale selling on the open market. They are already multi millionaires why would they just not get a fixed price on otc? why kill their golden goose so to say? I just cant see it as a liquidation for fiat. For The amount of coins sold, if someone tried to cash that into fiat there wouldn't be enough money at an exchange to cover that size of a redemption would there?
 I cant imagine this crash is due to no buyers.  If there were no buyers it should have crashed long ago.  And what I mean by that is  just so odd that the price hung around $6000 for so long and then Whamo! the price gets cut in half. I can understand over the life of the bear market buyers dry up, but this sell off is like they turned the faucet completely off. So I am throwing that reason out. Futures? I would say no just because it is settled in fiat and even if it was possible you would also need bitcoin, which means going against the whales and they have too many. So what I am getting at is it is hard to believe that who ever is  selling all these coins on the open market isn't doing it for the fiat. I think it is being done to accumulate coins quickly. And everything is pointing towards bakkt.
think about this for a second. when most of you buy bitcoin,including myself, doesnt it always seem like the price goes down right after you buy? I have thought about it and I actually believe that is the bots automatically trading against you and by selling. just say this is actually true. bakkt is filling their bags right now buying millions and millons worth of bitcoin to settle their futures, wouldn't the price crash on them too??

No one should be investing money that they need soon anyways - no matter what it is crypto, stocks, or whatever. Basic rule of investing. You keep in savings money you need soon, you invest money you don't need. Anyone who needs money they put into crypto last year did something terribly wrong in the first place. I don't think that is why most people panic sell. Most people panic sell because this is the first crash they've been through and they get scared and see all these articles that say bitcoin is dead and it'll never go back up, also written by people who only starting paying attention on the last bull cycle, so they think  if they hold their crypto they will lose all their money, when in reality there is a 99% chance if they hold they will make lots of money. Emotions make it hard to make money, you want to buy at high prices and sell at low prices out of FOMO and Fear, when smart investors do the exact opposite and are accumulating now to sell at 20 times this price or higher in a few years.

The bloody market is really and it is very difficult to keep on encouraging people to invest.  I believe that bitcoin will still be going down and though the long term investors are saying now is the right time to buy but it is very difficult now we the micro investors to buy now as any little downward price movement do affects us.

The problem is that there are those who can't afford to wait this out. This bear season has bled a lot of people dry, so much that they'd rather not have anything to do with crypto anymore. If you can afford to hold on for months then you have your chance. If not, well, charge it to experience.

The only people panicking are those who haven't been through a bitcoin crash before. Though since each new cycle brings in many more people the number of people who haven't witnessed a bitcoin crash before greatly outnumber those who have. Which is why every crash brings tons of panic selling cuz most people who are in the market entered it on the last bull run and aren't prepared to witness 80+% crashes. Bitcoin will be fine as always. Those of us who have been through at least one crash before are buying now not selling! I will gladly eat up lots of panic sold Bitcoin for cheap prices to vastly improve my financial position in life in the future.

For sure you're right... this bitcoin will stay with us as we have still huge transactions everyday. This is just a major correction and sooner this will rise to the stardom again.

here is another promising application of blockchain and a token https://MaryStrain.io

If everyone panicked back in the days of MtGox, no one will possibly be holding bitcoin till date. One thing a lot of people should understand is that this is a market and as far as a market is concerned, it is something you just have to accept the fact that there will always be short term and even long term fluctuations, but for a market with potentials, this is something you should not be worrying yourself too much about. We are all in it for the future, and we are still very early which means one thing, the future is not here yet. So, rather than panic, use the opportunity that the market brings now to your own advantage in the future.

For the people who just got into crypto in the past couple years and look back at the 2015 charts and wish to god they could have bought in in the $200s, that's where we are at again. People who just get into crypto in 2020 and 2021 are gonna be looking back at the price now and wishing to god they got in at $3000s/$4000s.

Or like me I made the mistake of selling in 2015 at the bottom cuz it was my first crash and after watching my investment steadily go down for a year and a half I was like okay I guess this bitcoin thing ran its course. Now I know I should have been doing the exact opposite, buying when I was selling.

So not only is it going to be fine, it's going to be GREAT if you are buying right now. Don't let fear win out, let smart financial choices win out. Always buy low (NOW!), and sell high. Very simple advice yet psychology I guess tends to make us afraid of low prices for some reason and do the opposite of what we should be doing because we think oh no what if the sky falls and I lose everything. Don't worry, the sky is not falling, we're just in the part of the cycle when you should be throwing every dime you have into Bitcoin and reaping the reward in 2-3 years.

The price falling to these low levels is called capitulation. I remember this happening to me during my first bear market in 2014. I was buying all the way down from like $800 and the price got to like $400 and the anguish and anxiety I had because of the non stop selling was a learning experience that i will never forget. It was horrible just like what is gping on now with many of the newcomers. I feel your pain i really do. I have been holding all the way down myself and i am pretty disgusted. There is nothing we can do but let the whales sell and deal with it. I wouldnt be surprised if there wasnt a capitulation type bottom just because everyone is waiting for it to buy in/more. I can see whales surprising everyone by a huge pump that makes even the seasoned og fomo. Getting back to my $400 anxiety driven moment, i actually was able to trade out of my paper losses before we hit $200. Get mad and get your $$ back. Buy on a dump and sell on the bounce. No reason to sit idle. Just my 2c.

Obviously, patience is the right choice for this bearish market because all the crytocurrencies are down in current trend so If we have money we will buy more crypto in this downtrend. But majority of the investors are stay away in crypto investment so we should trying to buy more bitcoin in this scenario it will help our future.

If you panic you will not be able to see anything from the positive side mate. you will see from the negative side only.
thats why their choice is not to buy again at a cheap price but rather sell to save their assets

People have different perspective so things can't be avoided and some are probably forced to do so because of some issues that needs to have an action. Cryptocurrencies are already evolving and this is going to be have a better future.

It is not like panicking will solve anything and that is something a lot of people do not always get to understand. The market is still in its early stage and things like this are always a normal thing to expect, so rather than focusing on now, people should focus more on the future and try as much as possible to utilize the opportunity in the current moment. However, you cannot see opportunity now, when you do not have a great focus on the  long term.

We should really handle this thing on this way but most people do really like to see those prices to shoot up on faster pace rather than on considering to see
a slow or gradual increase which same as yours I do prefer on having this way rather than in the past.If we can sustain on gradual then we can expect it do have much stronger support way than before.

I mean we can all look at the bright side as well. If you panic sell then you lose, but If you take advantage of the situations and bought a lot of coins because they're so cheap and then wait for the market to go up again then you win. So I don't understand why people are so naive and stupid and will do things that will make them lose money, it doesn't make sense to me.

The potential is not the only reason why bitcoin will go up. I mean I agree that bitcoin is a relatively new thing compared to any other method of investment and it provides a lot more features to all the other ones however it doesn't mean the price will go up soon because bitcoin is awesome in its coding.

I think we can actually want both at the same time, we can hope to see bitcoin prices to go insane and reach $100k one day, that is still a valid hope for anyone to have however at the same time we can hope to see bitcoin getting used everywhere around the world and become something like an alternative to current payment options, at least more used than paypal to begin with. You can want both, to see bitcoin getting bigger in price and in usage.

That is why you have to earn bitcoin itself than putting your funds on it when you cannot believe on the potential of the coin and afraid that you might lose much. When you invested on it, you have to be ready on whatever it takes because it is not always high as you expect. It is hard to predict and when you think you made wrong decision, maybe you have to hold it rather than do panic selling.

That is what every investor and user must do. if most of you are too panic about the news and the situation that comes then the price will definitely come back down again very quickly. keep calm of course the price will definitely improve if you don't do stupid things like panic and fear

We really cannot supress people's anxiety and fear in view of an impending doom for Bitcoin. Moeny is a very crucial thhing to handle what more now that cryptocurrency is now recognized as a form of money and people are patronizing it. Your post really will be of help especially those who can become confused with the current happenings. For me, it will be too late for Bitcoin to die on us now because many cryptocurrency have now been anchored to the cryptoalpha. For now that crisis is still here, all we ocan do for the moment if just to wait for the bull run again.

I think we don't need to be panic because many of us are still believe that market will alright again. Actually many of us buy in high price but still they calm and wait a great price in the market.

Recovery is quite a relative term. Recovery to what, insanely overpriced levels? Current prices are a fantastic entry point, but we're going to go up in a slower but more sustainable way.

If we happen to break through the $10k mark then it could be seen as a new all time high. It won't hold directly because every round level will trigger traders to secure profits, but eventually we're above $10k again, and for good.

People who continue to dollar cost average their entry points will eventually come close to catching the bottom, and that's exactly what I am doing. This doesn't require any TA or other nonsense. Everyone can do it.

It's because they're investors, and their investments are in the shitter. They patiently waited all year thinking $6,000 was the bottom only to see it crash. I don't think we've seen true capitulation and despair quite yet, but we're getting there.

It's a sign we're getting near the end of the bear cycle. People sounded the same in late 2014, early 2015. It just goes to show you how these price/sentiment cycles repeat.

think about it. if he had to liquidate tens or hundreds of thousands of coins to fund his little war, why would he announce it to the market before he did it? to encourage panic and guarantee himself a lower selling price?

it was just rhetoric to persuade people to his fork. he and calvin ayre don't really have that many coins.

https://www.reuters.com/article/us-crypto-currencies-payments-analysis/bitcoin-for-payments-a-distant-dream-as-usage-dries-up-idUSKCN1NP1D8


Why the hell would I be bearish on bitcoin and buy some crap altcoin? No man, I've been shorting bitcoin since it was 18k, made some good cash and going to make much more when this posh is going < $1000 next year. While people like you've been dead wrong and lost so much money. And will lose much more cause you're still not seeing it.

Relax is all what we can do at the moment, i do not understand all that people that are panicking and selling their coins, they are the ones causing all this huge dump on the price.
This is a time for accumulation, that is one of the only things that we need to do now.

There is no reason to keep dumping or keep creating fud on the market.

there is nothing to worry about, those who panic and sell only make things worse. keep calm and hold your bitcoin, this condition will end soon.

If you will read opening post you will have the answer why will be fine. Most people that was in panic in last weeks that are people that invest in Bitcoin during the bull run at the end of 2017. Real Bitcoin supporters hold their coins and wait as it was during other bubbles before. When whales will full their wallets will start another pump, so yes, sonner or later will be fine.

How do you know that it will be fine, many people now got panic in this situation because they are expecting a profit in the last quarter of the month and it is just now. They are investing and hoping a profit probably others now are getting disappointed right at this moment.
Well, hopefully, you are right. Let's calm down behind the bearish market and forget for a while the cryptos.

You didn't point out anything other than your own flawed narrative that's heavily centered against Bitcoin and its second layer.

How do you know Bitcoin payments are going down other than the obvious assumption that the bear market is heavily pressing down anything related to crypto? Bitcoin's on-chain transactions are going up despite services heavily batching transactions, meaning, we're going through a healthy dose of growth.

Purse.IO offers people discounts up to 30% when they use Bitcoin. Not bad ha?

You sure you aren't a sore altcoin loser? Bitcoin down means altcoins down as well, must be hard for you.

For sure it will be fine, the also cause of dumping the value of the coins is because of the person or an individual who are panicking selling their coins. I suggested once you see the coin that you keep decrease a little don't sell it and better to buy more.

Haha. So the whole tank from 20k to 4k are just 'traders' trying to pry people away? That's so funny.

Anyway to me it's very clear. When BTC got popular people quickly saw that it could never work as a global payment system since it didn't scale. People sometimes say "yeah but LN is going to solve that", well LN is a joke like I've pointed out several times and will never work. Bitcoin payments keep going down, nobody pays with bitcoin anymore. In fact, sure, you can pay at some online stores like newegg.com with bitcoin but you should see the exchange rate, it's actually several percent more expensive to pay with BTC than with dollars so why the hell would that ever become popular?

Bitcoin is dead, smart people like me saw that and have been shorting btc the past year. And I'm still short, this thing will go below $1000 pretty soon. Big money is shorting/selling all upticks like we've seen, it keeps below $4400 and every hope will get sold again. The SEC will shoot down those crazy ETF plans soon, that will be the first big tank and then it will continue its slow death again.

I am not too sure if it will be fine from now. Bitcoin is not something that can stay put for too long without some hectic thing going on. I know that Craig stopped selling his coins FOR NOW but can you say he stopped for good ? What happens when he keeps on selling until bitcoin price goes down to 1000 dollars per bitcoin like he said previously ? Can we guarantee that he won't do that ? Or maybe someone else will do something like that ? We have no idea what will happen next, there has always been some bad news that took bitcoin by the horns and pulled it downwards.

I know if everything goes alright and nothing hectic ever happens bitcoin will be a high priced equity but I am not too sure about being so normal. I think we need to see some increases in price before we feel like we are out of the woods.

this means that you have already seen many ups and downs of this market


unfortunately there are many people who do not understand this and whenever prices fall they go into panic and sell because they think the price will fall to $0


Truth, I remember in the past that when I bought bitcoin and then the price dropped I would panic and get very angry and every day that when I woke up I ran to see the price, it was very stifling days because all my attention was on the price






 

Bitcoin will always stay here no matter of what and itis always one bitcoin is equal to one bitcoin don't calculate the bitcoin interms of fiat then everything will be fine.

Yes, bitcoin will survive and will recover its price, this is not the end and bitcoin will be fine even though the current conditions are very bad. Staying calm and relaxed, and holding patiently will be a way to achieve profit, because success requires patience.

Completely true. They need the panic sells to be able to accumulate more. Be smart and act like the whales.
I'm a bit more skeptical here. The problem is there is no really bad news but there is definitely no good news. I don't think adoption is actually going up, quite the opposite. People aren't using btc at all and less and less people are using it. So as the supply of btc only increases... It means the price can only steadily decrease.

Until the next big pump, next big hype and then we're on the road again of course.

I just don't calm down and relax, I love to relax actively. I know there are opportunity lurking in both uptrend market and downtrend market so I am watchful, vigilant and diligent! I made good ether in this dow market! Imagine if I had just relax carelessly, I would not have increase my ether holding!

Yes i agree on this. Folks just calm and don't panic the situation will change and Crypto market will gain it confidence back among people, investors very soon like it happened earlier year. So be calm and wait for Great time ahead for Bitcoin..

The truth is, cryptocurrency is the future. No two ways about it. But as to which cyptocurrency will ultimately lead the field, we have to wait and watch. My guess is that Bitcoin will lead the way as long as it's possible to do so. Then it's place will be taken by a stronger and more evolved cryptocurrency. But you knew that already. Right?

 the whale accumulation has been becoming a very common thing for a couple of years now. people keep on blaming the whales for owning a lot of bitcoin but forget that they could have done the same if they didn't go against the market themselves meaning sell at the bottom and buy on top!
the thing is, for the past 4 or 5 months there has been an accumulation going on, and this month the whales tried to accumulate at a lower price and that is why the price was pushed down. everyone knows price will shoot up to the moon sooner or later but only whales are buying more and others are waiting for it to be too late before buying it!

Same here. I always average my way into the market, which means that I prefer a slower form of growth, or a bear market pressing the prices down for as long as possible.

I was accumulating in 2016/2017 till the price went up so hard, that I couldn't catch up anymore. I had a plan that factored in a 50% price increase all the way till the end of 2017, but the market had other plans.

I had to stop buying because the market looked like it was bubbling up, which it actually was turns out later. Seriously, I was disappointed seeing the price go up, and happy to see it go down now. I can buy again.

I imagine because he's holding. The further down we go, the more painful it gets. That's not a major problem for strong hands, but it's probably pretty tough for people who bought into the bubble last year.



Me too. Wherever we bottom, the market should go sideways for quite a while as bulls quietly absorb selling pressure and demand takes over.

Why "hopefully not"?

The price going below $3k now isn't going to affect the next bull run. I wouldn't be surprised to see 6 months of $3k to $6k price before next bull market gets going. Whether the bottom was $3500 or is $2500 doesn't really matter, just better buying opportunity if you can get in if/when another sell off comes. Going under $3k just means better buying opportunity! I for one hope it goes under $3k. I bought Bitcoin for the first time since early Nov 2017 last week at $3800. I bought a tiny bit more at like $4200 today. In a couple days I'll have some more money and hopefully there will be a dip off this surge so I can get more under $4k. If it drops to low $3000s in December I'll surely pick up a little more. And I'll be buying a ton more in early 2019 no matter what the price is, but obviously hoping its still hanging around $4k by then.

Though I'd say its likely it won't go under $3k now, since the panic selling from the BCH split seems to be over now. But I am really hoping for 2-3 months of $3500-$4500 prices for delicious buying opportunities!

Certainly, this is not the end of cryptocurrency or blockchain technology, but unfortunately, all analizes are saying that it is also not the end of price drops. I know that we can not predict the price of Bitcoin, but it looks like soon we will see its price below $3000.. Hopefully not.

At least i am confident now cryptocurrencies are here to stay I always advice to other traders to shut down pc and go for walking if you cant handle what happens in market. Panic selling is way of showing your emotion in case of big losses on open positions. I know the feeling of margin call before positions get stopped out by some unkown expert advisor or api.

I am sure that bitcoin will not disappear, but because of fear of loss that makes people panic in this condition. I think we need a vacation for now.

You only made a lost if you SODL!

HODL and as some people here say BTFD

My depo is near total zero so I'm  very calm) Nothing to worry about) I already lost almost everything) So if it will recover it will be great)

But isn't there always that part of your mind that says 'this time it will be different, so many people have already got rich from this'. I would think that a lot of people would fall in to that trap, I guess it's in a lot of ways similar to a gambling addiction.

I don't think that the community here is a very accurate representation of all people that invested in to crypto however. MOSTLY (big caveat on that) the members here are keen to learn and understand more about the tech, the market and everything in between, instead of being purely motivated by money. Even if they are motivated by money alone, they understand that in pursuit of that you will need knowledge.

It depends. Getting burned and losing a lot money in the process is for people the most severe form of a punishment. If you are rewarded for your stupidity, you won't ever learn it's wrong because it's working well for you financially. Some might try it again without any understanding of what exactly happened previously, but that's more an indication of people needing professional help.

Most OG's have had a rough start and lost a large chunk of their net worth in the process, but they actually used their negative initial experience here in their advantage by understanding what they did wrong.

what i am trying to say it what people are goin through right now that are worried and mad etc is the pain that comes with the territory.

here is pain:

say I bought 100btc at $15 back in 2012.
i would have had to watch the price go to $36 and not sell and watch it crash back to single digits.
i would of had to watch the price then go to $100 and crash back down and still hold.
i would have had too watch the price go to $260 then crash back to $58 without selling.
then i would have to watch the price go to $1200 and not sell, then crash back down to $200 and not sell.
then wait 3 years at $200.
then watch it go up last year to become a millionaire IF you decided to sell and get out at the top.

and this isnt counting all the fud, mt gox, bear whale, silk road closing and the list goes on during this time.


and people are worried right now about bitcoin because it went from $20k to $3k give me a break. embrace the dips and add to your position. no free lunches in crypto.
gl

I bought my first coins for $15 i didnt say i have held them since.
I wish i did but that is hindsight. I have bought sold traded LOST got scammed out of bitcoins in past years. I only really started to hold when they were around $1000. So im not as i would have liked but i have a nest egg that i have held all the way down from $20k. And that is what the early adopters had to do to reap the rewards. Tbh at $15 the boat was missed was what i thought. Im thinking people got in for fractions of penny and here the price is up at $15. Same goes for the bear market of 2014-16. That was dead money for 2 years and many sold out. Those that bought under a dollar were the adopters.  At that price $100 was a wet dream let alone $1000. What i am getting as is you think its over but its going to be fine in time.

Are the people who bought for $15 even panicking? Are they even still here?


Do you think most of these people will even learn their lesson? It would seem that it's just going to happen again in the future, the thought of a free lunch seems to activate some primal greed in the brain that overrides all sense of logic and sensibility.

Its very easy to calm down if you bought for $15.

How can people calm down? They bought themselves into something they only thought could increase in value. It doesn't. They are disappointed.

It may sound harsh, but there is no infinite amount of coins that will be sold, and the sooner people sell, the sooner the market will be able to find a way up again. Free money doesn't exist. All those who thought to become rich overnight ended up with less money instead of more. It's an expensive life lesson. Don't invest in something you don't know shit about.

The shakeoff isn't over yet until we test that $3000 level.

I hope you are right and we will see a good grow after time pass, i will hold my low amount of coins that i have anyway, not too much to lose even if go lower.

Something possible that might be all whales would be just preparing now to enter the market as it is below 4k and start buying in the bulk and before the year end itself it crosses 10k so that they can make easily 6k on per btc and see out later ad say goodbye to 2018. So it is also chance for us to make money during this period.

I also believe it is not over. Cryptocurrency is simply evolving into a higher level, that's all. Have you heard about Virie? See this..https://www.annerainwater.net/blog/the-distributed-exchange-network

 I just want to say a few things about what i see happening.
I have been a trader a holder a price watcher for 5+ years.  Bitcoin is not dying it is not going to zero etc etc. This isnt even a retail shake out. This is a game of chicken between the whales and large traders on the exchanges. My one btc sell or yours doesnt matter. Just like on the nyse. My 10 share sell of walmart is norhing. Bitcoin is a confidence game. Its a game that tests your psychological fortitude. Traders want your money(coins) and will do anything to pry it away from you. Btc is all about rumors and fud because that is the only thing that stimulates buying and selling. There are no earnings reports or sales figures to base price on like stocks. It is a pure psychology and emotional driven machine. You have to take emotions out of it people. Does it suck that we are going down? Hell yes but if you sit back and read between the lines there is an obvious reason for this dump. No one in the media or no one big heavy hitter in btc will come out and say it but whales are taking the price low on purpose. Its not one person selling 1000 coins each day and exiting. Smart money would put in a limit price and let it be filled not market sell and lose thousands of $$$ on every trade.

The bottom line is if there are no sellers of coins and the whales are runn8ng low on supply they drop the price to get sellers. They cant raise it looking for people to cash out because they hodl even more during a pump.

Bitcoin is getting so spread out amoungst hodlers and users in the world that its getting harder and harder to find coins.
So with that said. You have baakt opening in about 2 months and fidelity on the horizon. Think about it if you were a whale and had 2 months to stock up on something that is going to fly off the shelves you would do whatever you had to do to fills your bags and when the doors open make bank big time.

Guys do you realize how deeply ingrained crypto is? The Nyse is going to be selling bitcoin!!! They probably did years of research crossing their t's and dotting their i's on this jump. There is no going back. Same with the futures and etf etc. Mahor major financial institutions are putting their reputations on the line fir crypto. Its not going to fail.

Nothing has changed there is no bad news. Bch fork is a smokescreen. Prepare yourselves for next year and look at this as a buying op. Be greedy. I hope this helps calm some nerves. We are all going to be fine.