Topic: I'm panicking, tell me it will be OK... - page 2. (Read 6511 times)

I'm sure there are a bunch of posts like this today and I'm sure you all are getting sick of hearing it. I am TRULY sorry. I'm usually VERY self sufficient, but I NEED reassurance today. I tried not to post this, but I couldn't help myself.

Been trading for around a year (crypto anyway, some pennies/forex for a few years back in college), wasn't until past few months that I started seeing REAL profit (like most I imagine...). I lost lots by panicking on those red days back in June. It turns out I don't handle this sort of pressure well. Not well at all...

Knowing this, I was going to move into fiat a few weeks back in preparation for the sc2aling issue FUD and corresponding dump, but I decided that I had the intestinal fortitude to keep a portion of my portfolio in small cap coins, dumps be damned. At first it was 1/10th, then 1/4, and by the end of June I was gobbling up shitcoins like hungry hippos eat white marbles, constantly telling myself "bah, I can handle any losses knowing that they are only temporary". I have about 1/2 my portfolio in low cap alts.

I was WAITING for today, for something FAR worse than today, for the mythical 1500-1800 everyone keeps talking about, the pools and pools of blood flowing like a river through the streets, yet I'm already freaking the f*ck out. It turns out my hands are not strong. Not even a little. They're like little baby hands that shake like leaves at the first sight of a daily close below 2200.

 BUT, I should continue to hodl at this point right?

 I have patience, I'll hold for years, that's not a problem, but my imagination has me thinking that the cryptobubble just burst and we'll never see prices like the past few months again. Just somebody PLEASE tell me this thought is stupid and completely without merit. That I'm not the only one hodling. To uninstall Blockfolio so that I'm not constantly grabbing my phone. That we will see 3k again by the end of the year. That it will all be OK in the end...

I'm also open to any suggestions you vets have on how you get through these times. Experience?


T.

Well looking at how btc is faring right now, i'd say panicking a week ago would've been a big miatake that amyone can make in crypto. As we can see, btc has recovered pretty well and pretty fast. The setback for a few daysnonly served as traders' opportunity to earn more.by buying at a way lower price. This has happened before so for those new to btc, this should serve as a good lesson for the future

Bitcoin will definitely going to trade above $10,000 but when it will be I don't know. For now we can all testify what happened few months ago when the price was in serious bubble and we were all clapping our hands for bitcoin and Ethereum but now is the time that we should allow the market price to make a correlation for future price upward movement. If I will advise you this is the time to buy not selling sir.

to me i think those people who are worrying about the price of bitcoin that it will reduce too much before 1st August. i think they should try to avoid investing money in bitcoin and should try to keep their money in a safe plae where even after spit their money will remain as safe.

If you want the truth here it's coming. We observed a great pump times and this happened for almost last 2 months. But it ended for a while. There must a serious correction and it came up now. Moreover, bitcoin fork rumors made the things even worse.

The market will take a rest. If you're a long term investor, I think there is nothing to fear. It should be allright again. If not in 2017, it will be okay in 2018. But it will, for sure.

Well, bitcoin prices go back up in preev. Well, but less than 4 days, 1 August. Well, do not panic if bitcoin prices go down, because I'm sure 1 August just the beginning that bitcoin prices will arrive at a high price going forward.

Yes it is good idea for those who invest much of their money on bitcoins and they think that the price of bitcoins shall decrease day by day, this never going to happen, because the price of bitcoin start increasing very soon, This crash happen due to some irrelevant issue which going to be fix soon.  

I'm sure there are a bunch of posts like this today and I'm sure you all are getting sick of hearing it. I am TRULY sorry. I'm usually VERY self sufficient, but I NEED reassurance today. I tried not to post this, but I couldn't help myself.

Been trading for around a year (crypto anyway, some pennies/forex for a few years back in college), wasn't until past few months that I started seeing REAL profit (like most I imagine...). I lost lots by panicking on those red days back in June. It turns out I don't handle this sort of pressure well. Not well at all...

Knowing this, I was going to move into fiat a few weeks back in preparation for the scaling issue FUD and corresponding dump, but I decided that I had the intestinal fortitude to keep a portion of my portfolio in small cap coins, dumps be damned. At first it was 1/10th, then 1/4, and by the end of June I was gobbling up shitcoins like hungry hippos eat white marbles, constantly telling myself "bah, I can handle any losses knowing that they are only temporary". I have about 1/2 my portfolio in low cap alts.

I was WAITING for today, for something FAR worse than today, for the mythical 1500-1800 everyone keeps talking about, the pools and pools of blood flowing like a river through the streets, yet I'm already freaking the f*ck out. It turns out my hands are not strong. Not even a little. They're like little baby hands that shake like leaves at the first sight of a daily close below 2200.

 BUT, I should continue to hodl at this point right?

 I have patience, I'll hold for years, that's not a problem, but my imagination has me thinking that the cryptobubble just burst and we'll never see prices like the past few months again. Just somebody PLEASE tell me this thought is stupid and completely without merit. That I'm not the only one hodling. To uninstall Blockfolio so that I'm not constantly grabbing my phone. That we will see 3k again by the end of the year. That it will all be OK in the end...

I'm also open to any suggestions you vets have on how you get through these times. Experience?


T.

Just relax.Bitcoin is an ever increasing coin and most of people know it very well especially big whales.What makes the difference is that big whales try to create FUD and make newbies panic and make them sell their bitcoins.Thats what we saw previously during BU issues,the price fall in bitcoin following its speedy recovery.Such FUDs would still continue and what you have to do is just ignore it and hold your bitcoins firmly.Thats the way to earn more profits.

it will be OK and it will be go to moon soon. this weekend it will over 3k$.
keep calm and HODL.

Yes it is always effective to be a positive person because it will come up always as we are monitoring the price of the bitcoin and avoid panic because the more you panic selling or buying it is the time when others are happy because it is the time they can buy or sell their profits

yes i agree just calm down set asside and think positive thoughts.so what! if the price is getting down or up it cannot kill you.it will only take another short period of time to rebuild up and rise.and after a couple of days,week or even in a year,it will rise again.that was it.it is only drawn repeatedly on that situation.we  dont have to be ignorance to it.

It's a good motivation of saving money since it's been so rewarding in the future if you seen you asset grow as a result of your patience of not spending it. So in trading decisions like with the investments you had with crypto currency I guess it was just normal to panic at this moment now and it's not that ok if you will panic sell your holdings. You can withdraw it all anf exchange to cash but how will you know in the future if bitcoin will be reaching to top regrets will come your way; frustrations will be the effect.

Yes if you want to save your money then bitcoin is better option than bank as you said invest money into bitcoin instead starting some business it is quite good idea there are no effort to deal business the little effort which is called easiest effort ever just go to website and withdraw your bitcoin into cash. So that's all from me what I have defined.

Yes it is good idea for those who invest much of their money on bitcoins and they think that the price of bitcoins shall decrease day by day, this never going to happen, because the price of bitcoin start increasing very soon, This crash happen due to some irrelevant issue which going to be fix soon. 

in fact those people who do not have any experience in trading and those who do not know about the nature of bitcoin they are really panicking very soon. i think they should stay strong and wait for some time as the price of bitcoin will start increasing very soon.

You're still lucky to sell it at $ 2400, I sell all my bitcoin for $ 2200, and badly I sell all my bitcoin at the time, and now I do not have bitcoin, it's really political, I'm sorry to panic about the issue

Correct, the price is pretty stable for the past few days. I did panic sell the previous week, selling some mBTC, when the BTC price was at $2400, it raised to $2800 in 2-3 days after that.
Fortunately, I only exchanged a very small amount, so it was minimal losses.

Well looking at how btc is faring right now, i'd say panicking a week ago would've been a big miatake that amyone can make in crypto. As we can see, btc has recovered pretty well and pretty fast. The setback for a few daysnonly served as traders' opportunity to earn more.by buying at a way lower price. This has happened before so for those new to btc, this should serve as a good lesson for the future