Let's prepare for the worst | Bitcointalksearch.org

deisik

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Quote from: Idrisu on April 01, 2019, 06:22:41 PM

Quote from: 2chase on April 01, 2019, 03:43:20 PM

For me, there is no difference - is Bitcoin 4000 now worth it, or can it cost $ 2,500 in a month or one and a half, I am a long-term investor and at the moment is set up exclusively for a long wait. I am ready to wait a few years if need be. No negative news can shake me in my intention.

Those that has made it very big has the same mind you have and the wise investor said "buying when others are fearful and sell when they are greed is the best investment process" if you can keep holding no matter what happened to the market there is no way you will not make it because the good bitcoin price is still yet to come

If I'm not mistaken, that wise investor was Warren Buffett

But you should keep in mind that blindly buying something in the down market is no guarantee of success. On the contrary, it is in fact a recipe for disaster. What Warren Buffett meant is that valuable assets in such a market are heavily oversold and undervalued, so you can buy them really cheap, that's true indeed, but valuable asset is not equal any asset. Thus, you should first find such an asset and distinguish it from other assets, i.e. do what every wise investor does all the time

XbladedThanos

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Any serious fall in the market will not be tolerated easily am sure such will hit the market hard that it might become unbearable for everybody and nobody will want to hear that To me i think that huge downfall is really impossible

Idrisu

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Quote from: 2chase on April 01, 2019, 03:43:20 PM

For me, there is no difference - is Bitcoin 4000 now worth it, or can it cost $ 2,500 in a month or one and a half, I am a long-term investor and at the moment is set up exclusively for a long wait. I am ready to wait a few years if need be. No negative news can shake me in my intention.

Those that has made it very big has the same mind you have and the wise investor said "buying when others are fearful and sell when they are greed is the best investment process" if you can keep holding no matter what happened to the market there is no way you will not make it because the good bitcoin price is still yet to come.

livingfree

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Quote from: 2chase on April 01, 2019, 03:43:20 PM

For me, there is no difference - is Bitcoin 4000 now worth it, or can it cost $ 2,500 in a month or one and a half, I am a long-term investor and at the moment is set up exclusively for a long wait. I am ready to wait a few years if need be. No negative news can shake me in my intention.

It doesn't matter for long term holders. And this should be the attitude of most long term holders and I think everyone is learning to not depend with such news, FUD or anything that can change our way of making decision.

Quote from: bitcoin31 on March 30, 2019, 02:32:26 PM

I think you created this thread so the people will be panic, there is a lot of thread who are saying bad feedbacks about bitcoin and you what we do that we ignore it because it can't help to the bitcoin. Look tje price now is for sure you will say to yourself oh wrong prediction to the bitcoin price because now is $4000 .

People who love to spread FUD are everywhere. It's better to ignore people who do this.

2chase

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For me, there is no difference - is Bitcoin 4000 now worth it, or can it cost $ 2,500 in a month or one and a half, I am a long-term investor and at the moment is set up exclusively for a long wait. I am ready to wait a few years if need be. No negative news can shake me in my intention.

deisik

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Quote from: bitbunnny on March 29, 2019, 02:29:55 PM

I don't think that we are currently are having situation that would need preparation for the worst case scenario. Still every good investor and trader has a back up plan and escape strategy for rainy days. But I don't expect some deep dump and bigger problem on the market so I don't think this will be necessary

As long as there is no "fair price", crypto will remain completely unpredictable

Many posters at first had been seriously thinking that Bitcoin couldn't crash below 6k as that was considered the ultimate lower limit determined by the profitability of mining. I don't know if the real mining costs (averaged) were close to that figure but we crashed almost two times below 6k without taking into account this consideration (and then Bitcoin miners started to sell out their mining rigs for the lack of profits)

In this way, any price is speculative or even random (think a random walk here). It is not determined by real use and adoption which would prevent sudden dumps, and as such there is nothing that could potentially arrest "the worst case scenario" if it is set to happen

mrdeposit

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Quote from: candra raditya on March 29, 2019, 01:21:14 PM

The worst possibility is the price that falls too deep, but that won't make the crypto die. It is not yet time for crypto to end, still holding because it will be an opportunity for future profits.

When the price was cheaper, the risk-takers have gained. I can not lie about the lack of risk, but the investment will be acceptable as much as you can risk. My only suggestion is to try to evaluate opportunities.

bitcoin31

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I think you created this thread so the people will be panic, there is a lot of thread who are saying bad feedbacks about bitcoin and you what we do that we ignore it because it can't help to the bitcoin. Look tje price now is for sure you will say to yourself oh wrong prediction to the bitcoin price because now is $4000 .

Ziskinberg

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Quote from: Pagri on March 29, 2019, 08:15:04 PM

Therefore, while it is true that in this uncertain market nothing is written, a catastrophic scenario below $1,000 seems as unlikely as a quick return to the $20,000 mark.

That would bring another panic in the market, and I think it will be hard to recover if we will fail at that price again.
It's 20 times lower from ATH, and we don't want to see that happening, unless all of us are long term investors who can wait at least 5 years to sell.

Pagri

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In fact, I think we should start to discard extreme volatility scenarios in which the price could move in one direction or another up to 50% in a matter of hours. In my opinion over the past few months the market, and especially the bitcoin has been consolidated in such a way that it could well behave quite similarly to fiat currencies, in which a 1% slip is usually already taken as high volatility.

Therefore, while it is true that in this uncertain market nothing is written, a catastrophic scenario below $1,000 seems as unlikely as a quick return to the $20,000 mark.

STT

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Quote from: jessyj48 on December 22, 2018, 01:45:31 AM

Let's all be prepared ,the way I'm seeing things I think bitcoin hasn't find its bottom yet ,I'm guessing around 2500$ before we see better recovery ,always remember cryptocurrency is never for the weak ,be prepared and do what you do best ,things will surely turn around but good things never comes easily .

I like how this post was timed, when people get realistic in recognising the bottom is not where you want it to be exactly then the ironic effect is for the market to be more likely to put in a base to rise from.
When we're optimistic and out of touch or just hoping, the market is more likely to continue slipping as the hopes of people is a weak grip rather then the determination to hold despite a lower price being possible.

Its irritating but also kinda of beautiful and a reflects a natural market imo, if Bitcoin resembles other markets, graphs and price action in commodities or similar then I appreciate it might be operating far better then some believe despite being volatile beyond normal physically traded holdings

lienfaye

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Quote from: bitbunnny on March 29, 2019, 02:29:55 PM

I don't think that we are currently are having situation that would need preparation for the worst case scenario. Still every good investor and trader has a back up plan and escape strategy for rainy days. But I don't expect some deep dump and bigger problem on the market so I don't think this will be necessary.

Thats true. Incase something went wrong we must have a back up plan to count on if the situation is getting worse. However it doesnt mean the market will stays in deep forever, lets keep in mind especially to newbies that its high volatile therefore everything can change without specific timeframe.

Well if you have been in crypto for few years already this statement is not different to other news circulating on how bad the status of crypto market for not increasing after the last ATH. Its better to have your own analysis to make a decision on whether to stay or believe those who always state their worries due to the downtrend.

bitbunnny

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I don't think that we are currently are having situation that would need preparation for the worst case scenario. Still every good investor and trader has a back up plan and escape strategy for rainy days. But I don't expect some deep dump and bigger problem on the market so I don't think this will be necessary.

candra raditya

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The worst possibility is the price that falls too deep, but that won't make the crypto die. It is not yet time for crypto to end, still holding because it will be an opportunity for future profits.

Ayiranorea

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Quote from: ?? on ??

Quote from: ajqjjj on March 28, 2019, 01:19:06 AM

Quote from: Vaculin on March 27, 2019, 02:26:57 AM

Quote from: ajqjjj on March 27, 2019, 12:40:07 AM

Quote from: Ipwich on March 26, 2019, 02:57:36 AM

Quote from: e-coinomist on March 25, 2019, 02:45:33 PM

Is it only on Kraken? Sharp drop since one hour ongoin, could form same pattern as seen on 3/21/2019 just days ago. Small bounce would confirm, still pending.

It's trading currently at $3,897.60 in Kraken exchange but in other exchange, it's still trading at $3,900 above.
Sometimes prices differs but what I'm really looking is the general trading average and I am not seeing a significant dump based on this.

Each exchanges have some different set of market cap and price values so we will never predict the all exchanges value. If they see sharply in all the altcoin some coins price will going to moon. So we must pic our desired gems in crypto investment.

This does not happen most of the time, it's very rare to see price differences especially for high volume coins.
If there is a price differences, it would not be good for the market as traders can arbitrage on it.

It is not occur at all the time, But we must agree this situation because of huge volume coin fluctuation is really disappointed in trading platform and all are panic to sell continuously in that exchange so it make some noise. We better tackle this situation we will never argue this issue.

Different price sometime attract arbitrage trader to move their assets to another market. Like what you said, it is very rare to happens and maybe it will only happen in short time because of that arbitrage traders.

As mentioned arbitrage Trading happens in the market very rarely, and also it is very risk involved. Because being in one country and making an buying in other country requires a support from a person residing in the next country. This happens only on trust and I have seen the biggest of such an opportunity with India and rest of the world when demonetization came to effect in India during 2017.

ajqjjj

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Quote from: Vaculin on March 27, 2019, 02:26:57 AM

Quote from: ajqjjj on March 27, 2019, 12:40:07 AM

Quote from: Ipwich on March 26, 2019, 02:57:36 AM

Quote from: e-coinomist on March 25, 2019, 02:45:33 PM

Is it only on Kraken? Sharp drop since one hour ongoin, could form same pattern as seen on 3/21/2019 just days ago. Small bounce would confirm, still pending.

It's trading currently at $3,897.60 in Kraken exchange but in other exchange, it's still trading at $3,900 above.
Sometimes prices differs but what I'm really looking is the general trading average and I am not seeing a significant dump based on this.

Each exchanges have some different set of market cap and price values so we will never predict the all exchanges value. If they see sharply in all the altcoin some coins price will going to moon. So we must pic our desired gems in crypto investment.

This does not happen most of the time, it's very rare to see price differences especially for high volume coins.
If there is a price differences, it would not be good for the market as traders can arbitrage on it.

It is not occur at all the time, But we must agree this situation because of huge volume coin fluctuation is really disappointed in trading platform and all are panic to sell continuously in that exchange so it make some noise. We better tackle this situation we will never argue this issue.

hen cet

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Quote from: cydrix on March 25, 2019, 04:18:27 PM

When trading preparing for the worst is a normal thing but if you have enough management skills you won't be needing it frequently. Preparing for the worst case scenario to happen is a great idea according to some traders they manage to lessen their loses by preparing a lot of contingency plan if the trade fails. Holding a coin for a long time means that money is dead to you otherwise you will be hesitant whether you will not use that money or get it out befote it's too late.

Nothing is as bad as you thought, because crypto trading in my opinion is still normal, the problem of rising or falling prices is something that is common in any business.
The concern is of course our expertise in analyzing a coin that will move in which direction, up or down so that the predictions we set provide profit.

Vaculin

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Quote from: ajqjjj on March 27, 2019, 12:40:07 AM

Quote from: Ipwich on March 26, 2019, 02:57:36 AM

Quote from: e-coinomist on March 25, 2019, 02:45:33 PM

Is it only on Kraken? Sharp drop since one hour ongoin, could form same pattern as seen on 3/21/2019 just days ago. Small bounce would confirm, still pending.

It's trading currently at $3,897.60 in Kraken exchange but in other exchange, it's still trading at $3,900 above.
Sometimes prices differs but what I'm really looking is the general trading average and I am not seeing a significant dump based on this.

Each exchanges have some different set of market cap and price values so we will never predict the all exchanges value. If they see sharply in all the altcoin some coins price will going to moon. So we must pic our desired gems in crypto investment.

This does not happen most of the time, it's very rare to see price differences especially for high volume coins.
If there is a price differences, it would not be good for the market as traders can arbitrage on it.

ajqjjj

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Not your Keys, not your Bitcoin

Quote from: Ipwich on March 26, 2019, 02:57:36 AM

Quote from: e-coinomist on March 25, 2019, 02:45:33 PM

Is it only on Kraken? Sharp drop since one hour ongoin, could form same pattern as seen on 3/21/2019 just days ago. Small bounce would confirm, still pending.

It's trading currently at $3,897.60 in Kraken exchange but in other exchange, it's still trading at $3,900 above.
Sometimes prices differs but what I'm really looking is the general trading average and I am not seeing a significant dump based on this.

Each exchanges have some different set of market cap and price values so we will never predict the all exchanges value. If they see sharply in all the altcoin some coins price will going to moon. So we must pic our desired gems in crypto investment.

Ipwich

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Quote from: e-coinomist on March 25, 2019, 02:45:33 PM

Is it only on Kraken? Sharp drop since one hour ongoin, could form same pattern as seen on 3/21/2019 just days ago. Small bounce would confirm, still pending.

It's trading currently at $3,897.60 in Kraken exchange but in other exchange, it's still trading at $3,900 above.
Sometimes prices differs but what I'm really looking is the general trading average and I am not seeing a significant dump based on this.

Topic: Let's prepare for the worst (Read 2429 times)