Topic: i used to be bitcoiner like you but i took an arrow in the brain (Read 230 times)

I tend to agree with this, except right now there really isn't a clear trend as far as bitcoin's price goes.  It's fallen quite a bit in the last few weeks, but for the most part for the past 4-6 months it's been trading kinda sideways.  And even though I'm against technical analysis, I'd be against trying to draw the conclusion that bitcoin is headed lower just because it's taken a serious beating lately.  If you thought the trend was downward, the smart thing to do would be to sell some bitcoin short, but it's risky as hell to do that.

As I've said in other threads, if I had the money I'd be buying right now.  I see bitcoin at $3700 as a fire-sale price.

Exactly.

Join the trend, not fight it....that is horrible advice! That means you buy into FOMO at the top and panic sell at the bottom, since those are the trends. You should be going against the trend, buying near the bottom when blood is in the streets, and selling near the top when the market is irrationally optimistic. Timing the bottom and the top is the hard part, but the last thing you want to do is simply go with the trend in such a volatile market. Buying with the trend at 19000 meant the odds are against you, buying now near the bottom means the odds are with you. Not sure what that dude is talking about!

LOL. Buying now you dont fight against anyone. There is almost no chances that 12 month from now price will be lover. There are lots chances that two years from now price will be seriously higher then now. That is no fighting you just go with the flow. relaxing.

Feel bad for those who joined late 2017 mainly and bought some coins on ATH IF they will sell their money now. I mean by holding you have a probability to recover your losses but selling now is just a 100% loss.

 

this reminds me of last year, I sold a lot of things to buy bitcoin when the price was  $900 and I do not regret it but I told a lot of people to buy bitcoin and these people bought when the price was $ 17000 and when the price fell these people started blaming me for the losses they had, so I started do not giving people advice to buy bitcoin. The point here is that people should know that this is a risky investment and that they may have losses or profits, so they should only invest the money they can afford to lose.

The thing is that anyone who first bought during 2017 bought out of FOMO, if you buy out of FOMO, you will panic sell during the following crash. People who didn't know much about Bitcoin before 2017 or didn't take it seriously just think oh it went way up and now its dead. That was me in 2015 when I was an idiot and sold the rest of my Bitcoin that I had bought in late 2013 and 2014 - I thought to myself damn I got in at the peak of the Bitcoin craze and now Bitcoin will just hang in the low hundreds and slowly wither away so may as well sell and get a little of my money back.

People who have seen a full Bitcoin cycle are not worried about what is going on right now. I no know I should have been buying at $200/$300 in 2015 instead of selling all my Bitcoin. Now that we are back at that stage I'm doing it right now, and I am buying under $4k. In 2022/2023 or whenever the next crash happens the people who are panic selling now will know they should have been buying now and will be buying next time.

My two brothers bought some Bitcoin last summer, and they sold most of their Bitcoin either on one of the 2017 corrections or later this year during the crash. Because they don't know any better (despite me explaining it to them)! Hell one of them bought at like ~$2500 in July and sold half his stash on the first crash he saw in September 2017 because an in-law in the financial industry told him Bitcoin is done now and he needs to get out. My brother even told me I should get out, I laughed, and told him he was making a HUGE mistake, then 3 months later Bitcoin was 6 times higher. The other brother bought in the August bull run and he at least held through the September crash but decided he was done earlier this year (meanwhile he's buying stocks on top of the current stock bubble).

Point is, if people haven't seen a Bitcoin crash before they think the sky is falling and don't have the perspective to know they should be buying, not selling now. They're gonna miss out on the next 20x or 30x or 40x cycle cuz they simply don't know any better.

Well sadly, it seems we're headed that direction towards the end of this year. What a way to end 2018 eh? An entire year where bears are active and the bulls seem to do the hibernating. Perhaps i'll do the same until this is over lol

the thing is when you enter bitcoin you need to decide what you want to do. if you want to be a short time trader then these drops is for you and you need to worry about them as it is evident from hundreds of topics calling bitcoin dead these days because they want to buy it cheaper.

but if you are not a short term trader then $6k was the real bottom and anything else is just manipulation and a big discount that you are getting if you buy.
the problem is that if 1000 investors sell $100 worth of bitcoin price is not going to go down visibly but if one whale dumps $100,000 worth of bitcoin he can make a big drop happen. now imagine what happens when they dump larger amounts. that is why price is dropping like this these days.

Some people will wait for a 1 USD bitcoin price and then buy some.Talking shit and taking action are two completely different things.The FOMO is over and there is a Fear-of-buying-now (FOBN) because the price continues to decrease.The next bull market will be far away in the future.Maybe next year,maybe not.Just believe that everything will be allright in the end.

This guy gets it. Unless you are a great trader, these movements are noise. See you in the $2000s and beyond

there are people who are buying now, if not then who do the sellers sell to?

but you know what you are right, more people will buy BTC during a bull run rather than in a bear one. it is plain simple.

what if i told you that I will not buy bitcoin now but i will buy it above 6k? you will think i am stupid! but hear me out

from a TA point of view, the 6k was the strongest support bitcoin has ever seen, held the price throughout 2018 until last month, it was a bull zone, it was much safer to buy above 6k than buying now. that's the ABC of trading, and the reason why as soon as btc fell below 6k, most people sold it, and price collapsed nearly 45% so far. why would i buy it now when it can do another 40% or 50% easily ?

it is either i buy it for dirt cheap like those  who bought it in 2016, for less than 1000$, or wait for the trend to change and join the bulls. to make money you need to JOIN THE TREND, NOT FIGHT IT. buying now is fighting against the trend, if you win, you win BIG , but the odds are against you.

again, do whatever you feel like doing. and good luck

a lot of people says if it drops i will buy but they buy when even deaf grappa heard about btc and sell it in when price drops like hell.
when we see -$200 as bottom at 2015 it showed us what can happen in cryptoworld after +$1000, what is happening now is nearly similar, you told them and they said if it drops i will buy but ask again they havent bought they ll wait it to rise 30k to buy not bitcoiner but tryin...