Is someone worried about the recent decline of BTC? - page 7.

Pamadar

legendary

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Quote from: karungbitcoin on May 22, 2021, 11:59:28 PM

I lost nearly 50% currently but iam not worried about it because i want make goal for long term investment. Price of Bitcoin already rally more than 15x for about 1 year and this is very big return for investors. And now many investors sell their BTC for profits so that the price declined, this is still normal market. But there will be others new investor will see this price as opportunities and start to invest. Statement of Elon Musk and Government of China only effected the market for short times, and then the price bounce back and going to new high because more new people and institutional will see the advantages of BTC.

It's a cycle between gainers and newcomers, the rest are those who wanted to have a short ride.

Fate are different from each investors and traders, those who gained experienced from their long stayed inside this venue of investment always have an edge against those newbies, the reaction mostly appropriate with how the market behaves, they are just calmed and observing what's the best way to continue in the positive sides.

karungbitcoin

full member

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I lost nearly 50% currently but iam not worried about it because i want make goal for long term investment. Price of Bitcoin already rally more than 15x for about 1 year and this is very big return for investors. And now many investors sell their BTC for profits so that the price declined, this is still normal market. But there will be others new investor will see this price as opportunities and start to invest. Statement of Elon Musk and Government of China only effected the market for short times, and then the price bounce back and going to new high because more new people and institutional will see the advantages of BTC.

hazenyc

sr. member

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Quote from: rajakulam on May 18, 2021, 12:59:39 PM

Quote from: hazenyc on May 11, 2021, 05:47:58 AM

Worrying when it comes to Bitcoin price discussion also depends a lot on when you need the money. If you can be patient I would say there is not too much to worry about. If you can't any price drop could hurt you.

Well, that's right
Because someone is panicking or not depending on the money needed, if when bitcoin goes down and he has enough money at home, of course it's not a problem for him, but what happens if all of our money has been invested in bitcoin and the price suddenly drops drastically , surely panic will accompany it

In that case you'd be better off to reconsider your investment strategy in general. Having no cash reserves whatsoever while being neck deep invested in the crypto market doesn't seem to be the smartest idea anyway. I know not everybody has spare cash available and still would like to participate in a brand new market like crypto, but still you don't want to be left behind with empty hands because you can't endure a temporary downtrend.

Distinctin

hero member

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No dream is too big and no dreamer is too small

Quote from: verita1 on May 19, 2021, 07:32:06 PM

Not only is it bitcoin, it is the entire cryptocurrency market that has fallen by at least 30% of its value.
Now is the time for developers to draw among their objectives that their projects be eco-friendly, I also think it would be one of their best features.
Bitcoin is proving that if everyone wants to win, it must be the first to do so.
Bitcoin forever and hodl we have no alternative, the system was designed like that.

Yeah, and it was acceptable as it was featured to be like that, we can never change this no matter what we do. And those who can't understand that situation will start to panic make their sell this time. I don't wonder about this as always it happens.

But I don't say we have to HOLD. if you think that selling could help you and think that it was necessary, then that gonna be your choice. And besides, many were also selling before the bearish season will come.

verita1

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Not only is it bitcoin, it is the entire cryptocurrency market that has fallen by at least 30% of its value.
Now is the time for developers to draw among their objectives that their projects be eco-friendly, I also think it would be one of their best features.
Bitcoin is proving that if everyone wants to win, it must be the first to do so.
Bitcoin forever and hodl we have no alternative, the system was designed like that.

arapgeceleri

member

Activity: 378

Merit: 10

I am not worried about bitcoin's recent declines. I find these decreases normal. Without these decreases, the market cannot proceed in a healthy way. As many experts have said, bitcoin should make a correction after its rises and it can show stronger gains thanks to these corrections. so I'm not worried. I think it is an opportunity to take advantage of the low price opportunity and buy bitcoin.

Expecto

member

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This huge decline must be worrying many people right now. But I don't advise them to worry about it even a little if they are a HODLer. But I understand the frustration of short-term investors. There is an ambiguity now about when the market will start recovering again.

Hamphser

sr. member

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Quote from: pealr12 on May 19, 2021, 03:07:02 PM

It is hard not to worry, seeing your portfolio reducing each day by %5 or more is not an easy thing to stomach but we have to accept what 9s happening and hold on to our coins while this whole crash settles eventually. Am worried to see the market continues to dump everytime I tried to look at it Cry

In times like these on where it isnt really simple to withstand for you on not to panic because we are just human beings and we do value much our investment which its normal
that we would really be having these kind of reactions.

Whom wont get worried on seeing their portfolio on going down? Ive been through lots of similar situations like this but i do still get affected.

Temporal solution? I do avoid on watching the market actively and focus out on other things in real life or playing out some games
just for me on not to look at into the market until it settles down.

dikistutmazsabri

member

Activity: 279

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Of course, it worried me a little bit that the recent decline of bitcoin was so fast. but I think there is nothing to worry about. We experienced the same scenario in the 2017-2018 bull season. suddenly there was a sharp decline. these dips are inherent in the market. What we are going to do is use the bear season to our best advantage rather than worry.

Reosta_

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Quote from: hazenyc on May 18, 2021, 05:19:20 AM

Quote from: TimeTeller on May 15, 2021, 06:37:33 PM

Quote from: imstillthebest on May 15, 2021, 04:36:45 PM

Quote from: hazenyc on May 15, 2021, 01:20:01 PM

Quote from: Reosta_ on May 15, 2021, 06:48:21 AM

I can't say that I'm so worried about this fall. Yes, it was a really big hit from Tesla and Elon Musk to Bitcoin and the rest of the market. But it doesn't seem like the market has been affected critically. I think we will see it recovering soon also.

I am not so optimistic, but wouldn't attribute the uncertainty in the market to Musk and Tesla alone. It was about time for the market to show some uncertainty after everything was so gloomy. Everybody again began thinking that there is only one way for Bitcoin and that way goes up. That is just not true. If it went on like that I would even be more afraid than ever that we will see another 2018.

they forgot that btc is not one sided because it stays at the top for a long time .
btc is like any other crypto that moves in two sides and thats up and down .
we will have a down time but that will be delayed if eleon and tesla didnt make a public scandal .
im worried for those who are worry and not used to price declines because they will feel bad and sell in a wrong time .

Bitcoin has been long in this market and survived many times over.
Elon is a new player in this market and I don't think he will be the reason that btc collapse big time.
This is just part of the up and down movement, though he may contributed in this recent decline, but it doesn't mean he will be the sole reason why btc is surviving.
We have other reasons why btc reached this level, financial institutions, top companies that are already involved in crypto.
If Elon has a changed of heart towards bitcoin, it doesn't mean, all the other companies are agreeing with his move.

There's no discussion about whether Bitcoin will survive or die, but when it comes to its price I think many people lack a sense of reality. There will be corrections all the time. That is just part of the pricing process. The longer Bitcoin goes up, the less I am hyped because I know that a correction must be inbound.

Exactly! As we all know, Bitcoin and the other cryptocurrencies also have a volatile nature. We will always see this kind of corrections or sharp decreases. Therefore, it isn't surprising to see. I was expecting it to recover soon but China prolonged the recovery process now. Grin

DarkDays

legendary

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Quote from: pealr12 on May 19, 2021, 03:07:02 PM

It is hard not to worry, seeing your portfolio reducing each day by %5 or more is not an easy thing to stomach but we have to accept what 9s happening and hold on to our coins while this whole crash settles eventually. Am worried to see the market continues to dump everytime I tried to look at it Cry

I agree, there is not much to fight it is natural to feel worried when the markets start bleeding with drops as high as 30% in 24h. It is only natural to worry if you got your skin in the game.

On the positive note, big influencers in the crypto space are trying to help people keep their cool by tweeting about their moves (whether this is true or not it is a different matter altogether), anyways this is the latest tweet by Justin Sun.

A similar tweet emerged from Elon Musk too - this time sharing some market positivity.

DatKing

member

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I was not too worried when the price dropped to 45k dollars. I wasn't because I was thinking like "This was it. There will be no more bad news soon.". But there is another now. Grin

China's action on cryptocurrencies literally destroyed the market. We saw even Bitcoin price declining to 30k dollars.

livingfree

hero member

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Quote from: Momoamzad on May 19, 2021, 03:56:30 PM

Am not worry about bitcoin . Bull market is waiting after this Bear market . There are so many investors are behind bitcoin so I think bitcoin will cross $100,000 very soon। After this down time . So hodl tight and clam down

I wish that everyone has that chilling touch and words despite what the market is showing us right now. It's hard to hide the feelings that you're becoming disappointed when you see that your asset is dropping.

Well, that's not for me but it's starting to get itchy again when those FOMO investors gets in and they're having this hard time again. At least those investors that got the same feeling on 2018 probably get over on it already if they didn't sold during that bear market.

Gamerholic

sr. member

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8V Global | 8v.com

History repeats itself friends! Those who, in an attempt to multiply, have not thrown off at the level of 50,000 dollars, now I think what to do, and those who have thrown off, respectively, are waiting for the moment to buy. First we were "pleased" by Elon Musk, then the US government and now China. Who else will join and push Bitcoin down? One thing is clear every day it falls, it becomes more attractive to buy. I wait and believe that this time I will have time to buy at a very tasty price.

Momoamzad

full member

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$CYBERCASH METAVERSE

Am not worry about bitcoin . Bull market is waiting after this Bear market . There are so many investors are behind bitcoin so I think bitcoin will cross $100,000 very soon। After this down time . So hodl tight and clam down

conected

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Quote from: UserU on May 19, 2021, 11:13:39 AM

Quote from: iTradeChips on May 19, 2021, 03:58:12 AM

I hope I will be wrong, but I think it might go back down to 38,000 teritorry, if that happens then we just proved that Bitcoin can be possibly hyped by one person or company and it might be sometime again that another personality or company will push again Bitcoin to the next ATH. What would people feel if they bought bitcoin when it was at the top, thinking it will go up further only to find out that their investment will now be lower and they sell their bitcoins at a loss? If you have not sold your BTC, don't sell it. The fun has just begun.

Don't worry, I've holdings at 58K and have never sold them. What's more important is that we have extra funds to buy the dip once that happens

- If you don't talk about the price you bought with bitcoin, I would honestly believe you are not worried but for the price you are holding, what you are saying is probably just an act to reassure your psyche, your enthusiastic words of encouragement to others are also what you want for you. Loss reduction should have been your best course of action before things got so bad but you seem to have tried to aim higher and overconfident, the results are pretty bad but hopefully you still have some money left to buy more bitcoin and cut your losses down when the market recovers

Zoe Saldana

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Quote from: UserU on May 19, 2021, 11:13:39 AM

Quote from: iTradeChips on May 19, 2021, 03:58:12 AM

I hope I will be wrong, but I think it might go back down to 38,000 teritorry, if that happens then we just proved that Bitcoin can be possibly hyped by one person or company and it might be sometime again that another personality or company will push again Bitcoin to the next ATH. What would people feel if they bought bitcoin when it was at the top, thinking it will go up further only to find out that their investment will now be lower and they sell their bitcoins at a loss? If you have not sold your BTC, don't sell it. The fun has just begun.

Don't worry, I've holdings at 58K and have never sold them. What's more important is that we have extra funds to buy the dip once that happens

I'm down 25% on my crypto about the price of a Tesla.

Vishnu.Reang

sr. member

Activity: 1974

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I would have been worried, if this had happened 3-4 years back. I first invested in cryptocurrency long back in 2017. It has been 4.5 years and I have been through various ups and downs. Those who are getting alarmed and depressed at the decline from $62,000 to $36,000 also need to remember that it was almost a continuous bull run from $8,000 to $62,000 in the past few months. A correction was long due, but the bull run will resume very soon.

Onuohakk

member

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You, cryptocurrency newbies, are such alarmists

We have seen worse in the last six years, we have seen Bitcoin go from 18,000 USD to 3,000 USD. We did not run, you are seeing a less volatile dip and screaming.

Stop this panic, if you have money, buy the dip, if you put in your life saving, keep calm and learn. If it is your spare cash, look away for now. Focus, it is too noisy.

pealr12

hero member

Activity: 1946

Merit: 502

It is hard not to worry, seeing your portfolio reducing each day by %5 or more is not an easy thing to stomach but we have to accept what 9s happening and hold on to our coins while this whole crash settles eventually. Am worried to see the market continues to dump everytime I tried to look at it Cry

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