Topic: How do you honestly feel about the recent bitcoin drop? (Read 1476 times)

Yes it's good time to buy now because you afford it. Well about my real feelings about bitcoin drops of course it's sad that you see that bitcoin drop together of your funds it's hard to see because we want to make a good profit that why we are here in crypto.  But I think it's normal to bitcoin to be drop because it will back on track again.

Bitcoin has been dropping a lot lately, but since 3 months, the speed has been slow and stopped. Actually anyone who has the money to buy Bitcoin will be very easy to get rich when 1BTC price is only $ 6,300 potential and people. We move mainly through BTC and ETH investment.

Anywhere you go and visit on a cryptomarket, we always see a majority red values of cryptocurrencies. Some of these cryptocurrencies are also sitting in my wallet and it really made me a bit worried and bored sometimes but i just take it as a challenge because this is really just normal thing if you engaged in cryptos.

Those who usually feel disappointed at certain point in time like this are those who never got to understand the market they were entering before even making any attempt at all to get in. We are talking about a market that fluctuates normally and seeing reds like this is something that is normal and an opportunity for a good bargain or will I say a discount.

It is just quite unfortunate that so many people see that simply because they know how to set their mind on the long term, they understand the opportunity and benefit that lurks in the long term and see now as an opportunity to derive the best benefit in the long term knowing that this is just a phase that usually does not last forever.

To be honest, the condition of the bitcoin price that fell like this made me very depressed because the fall in the price of bitcoin had an effect on the fall of other cryptocurrency prices, which made me stuck at a very expensive price. Hopefully the price of this cryptocurrency could recover later this year.

The fall and rise in prices are the nature of the market, and this will forever continue as long as the market's still standing.

The decline in the value of bitcoin this time occurs due to various factors, including:
Bitcoin and its scalability. When there are not many people who use bitcoin, usually bitcoin transactions can be recorded quickly and without the need for large fees. Over time this condition has worsened because transaction costs are increasingly expensive. Thus, the practical use of bitcoin as a means of payment becomes increasingly limited and not a few investors are turning to altcoins.

Bitcoin and its legality. This issue, actually has been developing for a long time especially when bitcoin prices skyrocketed to $ 20,000. Drastically the government in the country whose population is the largest bitcoin user, decided to end anonymity, impose taxes, and demand crypto exchanges to provide user data.

Bitcoin is not the only cryptocurrency. As we have known, that cryptocurrency isn't just bitcoin there are still thousands of another crypto which in every appearance always brings new innovations and is considered to be able to correct the shortcomings that exist in bitcoin. With the spread of assumptions like this it's not surprising that in the end many investors are changing their direction to invest in other cryptocurrency.

I must say that I actually feel indifferent, Since I have come to realize that a deep fall in price is somewhat part of every cryptocurrency circle. There's absolutely no reason for unnecessary panic, I have a huge trust that bitcoin will definitely get back to the very top in price again.

Honestly, feelings are irrelevant when it comes to investment. You should just focus on your goal and strategy to achieve your goals. Never put your emotions when it comes to investment. Always consider every possible outcome and be ready for any decisions to be made on whatever outcome. This is actually a good time to buy more of what's previously at a higher price.

Disappointing.
Just yesterday the price dip once more and it stays there as if the last sharp decline wasn't enough. So the bears aren't done yet they still want to squeeze the holders until they all sell what little they have to keep. I suggest those who still have been keeping and has set up a sell order at least sell it for a higher price. Don't just aim for few bucks.

Exactly, our reaction to things is what actually differentiates us most of the time, and that has a lot to do deeply with the knowledge we probably have when it comes to the space or a market in its entirety.

Many people today who get to worry unnecessarily about the current market condition are those who are in the category of the short term goals kind of people with no focus on the long term and all they care about is how they are going to be getting a lot from the short term, which clouds their judgment considering the volatility of now. For most part of it, those who see it as just a temporary thing as well as an opportunity to accumulate for the long term, they never see it as an issue.

I really feel bad about how some of my crypto assets affected by it but that's cryptos and it is what it is. All i'm gonna do now is to hold on on it tight and shift my plan to a long term plan and just wait for it to rise again.

the conditions of bitcoin prices are falling again now because I see there are rumors from the Chinese state saying where their exchange was hacked and all the funds in the members are lost, that's what makes traders panic and finally sells the assets they have and makes the price of bitcoin in place exchange falls.

I think that feeling should be the first, you have to think that weakening prices can be a good opportunity for you to buy coins
at a cheaper price, if most investors think like that, I'm sure the possibility of sudden drop can be reduced

  It really feel so disappointing of mine, but an opportunity as well. Disappointed in terms of having this bearishness for long period of time and being opportunity for the price of some coins are much affordable, which can give massive profits when bull market appear. Only hope and optimism.

Talking about feeling, I doubt if there is anybody who would be happy with current happenings as mild growth is better than a sharp drop that has been witnessed  in the past couple of hours. However, the difference between those who know about the marker and newbie is how we react. An undeniable fact is that, at the moment whining or thinking about it does not change things for the better, it would rather make it worse.

So, for me, and so many other, its just one of those days that reds abound. There is no point having false hope. Tomorrow is another day to focus on other things. It could be a period to recover our losses, it could also mean more losses either way, we are moving forward. Deciding whether to buy, sincerely the choice is yours. If you can afford it, go for it.

I personally consider this price decline to be a very bad thing, but I try to think this is a natural thing because the price of bitcoin is flexible. many people say the price of bitcoin will increase at the end of the year, I hope that really happens.

I honestly feel really sorry about how my bitcoin holdings value to drop and not only bitcoin, the rest of my crypto assets are affected too and i can't deny that i am not really happy about it.

It is normal for bitcoin to go down, because of the high volatility of bitcoin. Stay patient and don't hesitate about bitcoin, don't ever sell but hodl so that in the future it can make a profit.

No need to panic as this is a normal trend in the world of cryptocurrency. It is an advantage and the best time to buy more while price is low and wait until it will recover. One should realize its full potential, how cryptocurrency works, what are its advantages and disadvantages, to be prepared and be informed in order to learn what is the best strategy that works for us. I personally feel like worried because price keeps on fluctuating and no one knows as when it will be back on track but I still keep my hope high and strong that Bitcoin can recover from crash.

Nothing to worry if the market is bleeding as this is a normal in cryptocurrency. Every downfall is a opportunity for us to buy more bitcoin at lower price and we need to ride with the volatility in this technology to earn our profits.