Topic: How do you honestly feel about the recent bitcoin drop? - page 5. (Read 1476 times)
The price of bitcoin at every point is really something to be really concerned about. Since January, there have been heavy pressure on bitcoin, hence the fluctuations. But on a normal note, everyone has to be concerned with the price of bitcoin, alot of us have some money in it and therefore we should be really concerned about how well our investment is doing.
The recent bitcoin drop is normal as for the past some months the market is moving between 6000 to 7000 price range only, so for short term trading it is good but for long term still their is time
There has been numerous Bitcoin drops and bear markets in the past. This behavior is just naturally. Remember the first bear market we had was the one in 2012 when price peaks up to US$7.08 and declined -40% to US$4.22 with a duration of 185 days.
The other one wa the one we had in 2013 when price peaks to US$1149.14 and declined -83% to US$197.24. Now, it's true we're un bear cycle but with time, counterfeit fiat made by governments will eventually rise up it's value. Remember that the USA produces 38 million notes a day with a face value of approximately $541 million dollars each day
The other one wa the one we had in 2013 when price peaks to US$1149.14 and declined -83% to US$197.24. Now, it's true we're un bear cycle but with time, counterfeit fiat made by governments will eventually rise up it's value. Remember that the USA produces 38 million notes a day with a face value of approximately $541 million dollars each day
the decline in bitcoin prices that occurred this year is indeed so big and we all certainly feel it when we see the price of bitcoin at the end of 2017, but it must be known that this is an investment, where sometimes there is a fairly high price increase and sometimes a fairly low price decline. if you want to buy bitcoin and plan to save it for a long period of time, I think this is the time to buy, because surely the next few years the price will rise again, even though we never know when the price hike arrived.
I feel bad about the bitcoin price drop and it is natural for any one to do because when an asset that some one have invested fall in value it destroys all the hopes and ambitions but I also think this is a good opportunity to make more profits by gaining more bitcoins because the profit margin will be much higher if some one can buy bitcoin with current low price and hold for the future so there are both god and bad that has happened with the bitcoin drop but smart moves always can reduce bad effects and increase profits
The recent bitcoin crash is another test to the patience of small time bitcoin holders. If emotions will get in the way, for sure panic selling will bring the bitcoin price further fall. Just continue holding your bitcoins until the market experience again the much awaited bull run, probably next year.
Honestly, I am a bit disappointed and worried about the recent drop happening in the market. It's been months since the last correction and until now the market is down and seems to be stabilizing. The volatility is not that high and there are still no traces that the market will soon to recover. Everything seems so quiet but I believe in cryptos and the blockchain. I know everything will go back the way it is before. The market will recover and everyone will enjoy the bullrun. I just hope it will happen soon.
I believe that if you invest more than $100k you can trade bitcoin, otherwise it would not have much effects. The bitcoin price is changing between $6000-6500 and not more higher or lower in last 6 months. So it means on %8-9 chaning. With this rates you have to invest large ammounts. But it is totaly different in altcoins market. A one coin can change %50 in one hour (+)or(-). So it is more interesting and more dangerous ofcourse. I am holding some bitcoins and i always be but for trade i would prefer altcoin market..
Honestly I feel worried about the bitcoin drop recently. I was afraid because I am one of the believer that bitcoin will help me to make my life better and to easilly achieve my dreams and goals. I am not a lazy man who are waiting for an miracle or an instant luck to become successful. I have also job but I am believing that bitcoin even it is more risky than other business. But I think bitcoin will rise again like last year that it's value was hit in the highest price. But we can compare the bitcoin in to a gold's price that every moment that price will change. BUT it was or it will never be a trash or never become a valueless thing and I think this will be the future of bitcoin.
the feeling at the moment is confused because the progress is good and why is it falling and falling and I can't sleep because I think this continues and I think looking for a solution and my hope for next year to be good is not like now and now it can't fulfill my life and my family 
Honestly I feel worried about the bitcoin drop recently. I was afraid because I am one of the believer that bitcoin will help me to make my life better and to easilly achieve my dreams and goals. I am not a lazy man who are waiting for an miracle or an instant luck to become successful. I have also job but I am believing that bitcoin even it is more risky than other business. But I think bitcoin will rise again like last year that it's value was hit in the highest price. But we can compare the bitcoin in to a gold's price that every moment that price will change. BUT it was or it will never be a trash or never become a valueless thing and I think this will be the future of bitcoin.
Trust will set you free from worrying about what can possibly happen, if you trust the system then your investment are still okay, like what you have mentioned you have a job and you can treat this as a long term investment, though most of us feel the same thing like you, the value of any assets are bad comparing to it's last year price, but say calm and keep holding we need to wait for a little while before the bull will run fast again. 
Honestly I feel worried about the bitcoin drop recently. I was afraid because I am one of the believer that bitcoin will help me to make my life better and to easilly achieve my dreams and goals. I am not a lazy man who are waiting for an miracle or an instant luck to become successful. I have also job but I am believing that bitcoin even it is more risky than other business. But I think bitcoin will rise again like last year that it's value was hit in the highest price. But we can compare the bitcoin in to a gold's price that every moment that price will change. BUT it was or it will never be a trash or never become a valueless thing and I think this will be the future of bitcoin.
My feeling is that I am not disappointed. Very disappointed. I am grateful to be able to comment at this time because the question is very suitable with the current situation. I understand bitcoin has dropped dramatically at the moment, but we should not be complacent because we must remember our struggle until now, that is to be planted from our hearts each
For some reason I was very optimistic about the prices since last year so I bought back BTC at $12k, yes I think that was a bad decision I never sold again and was just moving them to my personal wallet in my PC. That was it. Now it stays there still. I feel very stupid about it but hey what can I do I trust BTc so much. Sooner which I guess the bullrun can happen maybe after 2 years, ?I may have to really think the very worse that could happen.
I have neutral feelings, I do not consider this drop too big deal. 10% price change in one day is OK, 20+% is more scary, for me at least, I have seen a lot.
yup the sudden change in price in one day is normal to the emerging markets that most begginers dont know about even experts, take a look at amazon, google etc. when they were emerging back then their price would fluctuate 90% in just one day if you look at their market history, 5 years from now i think the bitcoin volatility will end and it somehow settle its price at certain point.I think I agree with you. I also believe the prices for Bitcoin and other major cryptos has stabilized. No more buying bitcoin with hope of selling hundreds of thousands the next year, people are now treating it as currency that it is.
I feel disappointed. I think we all feel bad for those who have bought bitcoins at a higher price because its already a loss for us but it will become a loss if we sell our bitcoins in such a low price so for me, i will still hodl all my bitcoins and wait for the right time to sell it.
Don't worry about the price drops because the prices can bump at no time so you need to buy more coins when the prices dropped that is the strategy needs to be followed by the investors maybe not for traders.ANd also the price drop is not much considerable when we compare the price volatility of bitcoin.
I am relatively new on this and was just invited by a friend to join. I sold mine months ago so I really don't have much. I was thinking that I would have been deathly afraid if I had any bitcoin and this happened. I know it isn't the first time so maybe it will be a good time to buy?
The price movement can be seen on the chart. Gold, if in the next three weeks will not show a miracle, and the price will not fly up, for the first time in a long time will close at the end of the year in the red.
Like I said in other topic, the problem Bitcoin and other cryptocurrencies had was the introduction as investment instrument rather than currency that they are. As soon as people began buying and hoarding them, I knew they was gonna be problem.
Now that the prices has stabilizes to what I personally see as normal, I can now see a great future for the cryptocurrency.
Now that the prices has stabilizes to what I personally see as normal, I can now see a great future for the cryptocurrency.
I have neutral feelings, I do not consider this drop too big deal. 10% price change in one day is OK, 20+% is more scary, for me at least, I have seen a lot.
yup the sudden change in price in one day is normal to the emerging markets that most begginers dont know about even experts, take a look at amazon, google etc. when they were emerging back then their price would fluctuate 90% in just one day if you look at their market history, 5 years from now i think the bitcoin volatility will end and it somehow settle its price at certain point.
I have neutral feelings, I do not consider this drop too big deal. 10% price change in one day is OK, 20+% is more scary, for me at least, I have seen a lot.
Jump to: