This is what happening to bitcoin!
Nothing unseen, that is how market cycles work. You must be new here. Look at the charts and you will see the same thing happening over and over again. Long term crypto traders are unfazed by lately movements...
Topic: Hype dies and then Reality Strikes! (Read 207 times)
Nothing unseen, that is how market cycles work. You must be new here. Look at the charts and you will see the same thing happening over and over again. Long term crypto traders are unfazed by lately movements...
True that but I don’t believe it is just only Hype man. I have belief that Bitcoin will rise very high. And I will become profited. Don’t break heart man. It makes me sad.
Yes, we are in this situation because of Hype... among other things. Bitcoin could and probably will rise again, but how much... well not as much as you would like that's for sure.
But know one thing and remember it well. There is no room for emotions when it comes to trading and crypto market in general. You would be better of without them, trust me. So no matter if you end up with profit or with loss, emotions will only make trouble for you. We would all like to get profit, but don't let your emotions guide you. That way even when you receive bad news, you will stay cool headed and would easily think what to do next.
What is this? You just write one line and expect people to follow and give you a reply lol? Are you one of the jealous loser who bought at high price and now reeling under pressure so coming here to spam, better leave if you can't even make a constructive post better make good posts next time, and it's a slowdown it'll bounce back very soon hodl
The reality is, only those who invested into cryptocurrency for a quick are surprised on what is happening right now, which is normal in any currency market.
Hype will always be there in bitcoin. The price of crypto currencies will always go up and down. But, people actually mix their emotions with it. However, they should consider it as a part of exchange to do different transactions rather than only taking it as a way of investment.
If I do not think it died, it's just the usual price drop and happens every year or it could be called a bubble, and everything will get better.
This is what happening to bitcoin!
Please explain this in-depth, mathematical analysis you have performed. Show me your trendlines on a candle chart, let me see your evidence to back up this statement.
Do you really think you are the first person to say this? That bitcoin is going to crash? REALLY? You are a complete idiot.
Bitcoin doesn't need hype, it doesn't need to $10,000, it doesn't need to be accepted. Even if bitcoin is trusted by just 100,000 people, it will be a success.
I think there is nothing wrong going with bitcoin. It is a financial tool. So sometime its price will go high and sometime low. There is nothing to worried if price move down. Better to wait some more time. Days of bitcoin is coming I think.
I just hope that bitcoin grows again very fast because hype is also a part of cryptocurrency in which there is also bitcoin itself. thank you
hype, crash, FUD, are all aspects that make bitcoin become more developed, without all that, bitcoin will not be able to find its true identity.
but because the bitcoin is the anonymous and open source, so slowly bitcoin can adjust to market conditions. even being a real volatility.
but because the bitcoin is the anonymous and open source, so slowly bitcoin can adjust to market conditions. even being a real volatility.
I understand what your trying to say, but your saying it in wrong way. Because hype is also part of Bitcoins reality. Those people who was blinded by hype and expected too much, I guess most of them didn't know basic things about bitcoin or crypto in general. People looks on bitcoin like its an asset (investment), but that is wrong. Bitcoin is currency and because of that it is volatile. When people starts looking on bitcoin for what it is, many problems will be solved.
This is what happening to bitcoin!
Do you really know what you got yourself into when you started at bitcoin? If you have researched carefully or if you have seen and thought about this trough then you would know that the cryptocurrency market is a volatile and fickle thing. Yes, it has been not into a good shape really and you are not the only person who is experiencing this problem. However, I still think that bitcoin is still great and the value that it has today is still greater than those that we have experienced for the past years
This is what happening to bitcoin!
Hype dies? Do you know what's undying? The FUDs are. Since the early days of bitcoin there are FUDs that are making the hype, yes they are the starter of those hypes that is adding publicity to bitcoin. They give bad publicity but it's still publicity. How much bitcoin was when you invested? Did you invested this year or you invested for more than 1 year? If you invested for more than 1 year, yeah the hype dies and it made bitcoin $6,000 from $20,000. This is volatility.
Volatility is the basic and most important characteristic of bitcoin. There are two stages;bull run and bear trend. During bull run every body is seeing beautiful dreams of becoming millionaire. Some people who already are having some coins earn by selling at higher prices. Their friends see them earning a lot, and they then also jump into the battle. They are buying at very high prices and unluckily sometimes bear phase starts.
They do not try to cover their losses by selling with some losses and prices dip to the bottoms.
At this stage patience is much more important. Just hold the coin. Wait for recovery and if you are lucky and it happens again then you sell the holdings at the prices near to the cost of your purchases.
Also if the coin value dips below the expected levels you may purchase few more coins, which will definitely give returns and cover your losses. Levels may be around $2K when additional purchases should be done.
This is the case not only with bitcoin / crypto market but with the stocks markets, bullion markets, commodity markets forward trading too.
Either the early entrants or the big speculators always win in such markets, small investors mostly I have seen losing their hard earned money.
They do not try to cover their losses by selling with some losses and prices dip to the bottoms.
At this stage patience is much more important. Just hold the coin. Wait for recovery and if you are lucky and it happens again then you sell the holdings at the prices near to the cost of your purchases.
Also if the coin value dips below the expected levels you may purchase few more coins, which will definitely give returns and cover your losses. Levels may be around $2K when additional purchases should be done.
This is the case not only with bitcoin / crypto market but with the stocks markets, bullion markets, commodity markets forward trading too.
Either the early entrants or the big speculators always win in such markets, small investors mostly I have seen losing their hard earned money.
This is what happening to bitcoin!
Well even the hype and the crash are both a reality to bitcoin. Since bitcoin is a market based cryptocurrency it will be normal for bitcoin to increase and decrease its value. This is bitcoins reality and that is called volatility. This is applicable to all cryptocurrency and not only to bitcoin. To sum up the hype and the crash is bitcoins nature, it is the reality of bitcoin.
Thanks for the expert analysis 
Many foolhardy believers still don't understand bitcoin is a volatile thing!
Thanks for the expert analysis
This is what happening to bitcoin!
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