Topic: Message to all people who panic when crypto price goes down! - page 4. (Read 882 times)
Here is the man who is yelling the truth. Thats good way to put the crypto in front of the world and community who is utilising it. We should trust bitcoin in the first place and then only start entering deep into the trades and investment. If we are going to get wrecked when we see the downfall then there is no use of us into the bitcoin world. Just look at the bitcoin prices at this moment, even the altcoins are going up now and we have started seeng the greenery everywhere. There is no bloodbath anymore and what we have is cool wave incoming for us to get huge profits. :-) So it always works, the holding!
Absolutely right you are. Definitely we should hold our coin in this dip. If we sell it now, we will be loser. In my opinion price of bitcoin will rise with shortage possible of time. So wait for high price then you can sell your coin by gaining some profit.
If you do not trust in crypto and you have doubts whether it ll bounce back, well, in that case you are in the wrong industry and you shouldn't have invested in crypto in the first place.
So knowing this, what is the problem again?
If you are new to crypto currency and thinking that you could make a quick buck ,people would get panic when the market starts falling and that is exactly what is happening here,with every negative news the market is going down deeper,the things you have said is true,but if you see your valuation going down,there is nothing you can do that to sell,but if you are an experienced trader you know exactly how the market behave. So knowing this, what is the problem again?
I agree with you many are selling it at a much lower price when they buy it. I do not blame them. that is up to them. Their ignorance only makes the value go down. Do not worry too much and wait patiently. I believe the value of bitcoin will increase in the future and they have to regret selling the bitcoin
Not sold, not lost it's true but you have to be psychologically strong to look at all your wallet in the red and wait, be patient.
Yeah you're right those traders who are new to the crypto world is definitely suffering to heart attack when the price goes way below their buying price. After they read and see all the news, what chiseled in their mind is that crypto is going down badly and they think their money is losing its value add on to that are their folks that are already dump their crypto. What next happen is panic selling and the chain of selling continue and they even influence others to sell. All I can say to those traders are "Emotions could lose your money, Trust could gain you a lot!"
It's basic psychology, the more skin you have in the game the more it will affect your emotions, during an uptrend it is enthusiasm and during a downtrend it is fear. The extremes are greed and panic. I think it's as simple as that. Would anyone feel panic for having 100 bucks in bitcoin? Guess not. The lesson that many learned the hard way is never to invest more...you know the rest of the sentence. My lesson from this is to act more cauteous and follow a long term plan, not sudden impulses or emotions.
Yes, I agree with you. If we are not sale bitcoin or any other altcoin we do not lose any of our money. make your profit double by not selling at the low price.
I fully agree that regardless of what bitcoin rate is now, we do not lose anything until we sell our bitcoins at these low prices. Therefore, while it is only worth watching and waiting for bitcoin to rise again. The fact that he suddenly will soon rise, there is no doubt. So why panic?
I believe there is 3 reason why people panicking. First, uneducated, that's why many people didn't have enough knowledge about how promising cryptocurrencies is. second, is laziness, not all people want to wait for the price to come back up so they partially cut their losses. and the last is FUD, I'm sure the FUD is strong enough, neither it from the government or from the uneducated people.
Bitcoin has been on a down down trend and its been accelerating. No one knows where the bottom is, just be careful. We could definitely see it fall back to down to $2000.
This comes to all newcomers, and not only to them. It probably depends more on the nature of the person. When I first started dealing with crypto currency, I was also very worried, watching the drawdown, because I thought that I was losing my money. But then I realized that there is nothing to be afraid of and I advise not to worry all newcomers!
Lots of new people to crypto know nothing about it at all. Businesses in Japan were giving people BTC as part of there bonus at work last year. So you think peopel like that read stuff on forums like this? They just see there money disappearing so they dump causing the market to dip even more.
A lot of people bought crypto without knowing exactly what it was. I convinced my brother to get Bitcoin. He did, but he has no idea what it is. I think a lot of people are doing just that. They've bought in without knowing what they are buying and now those same people are exiting. Honestly, it is pretty depressing. I'm still up from when I got in, but it just hurts really bad seeing all this money drop.
This is also the first time that Bitcoin has gone mainstream. This truly may be the beginning of the end for bitcoin and cryptocurrency as we know it. I'm hoping not though. I still have some more buy orders for lower with the money where I sold when Bitcoin was at 18k. I only sold 11% though. Every day feels like it is getting worse and worse.
I have a tab at the top of my computer right now. $5,930... $5,922... $5907... $5902... $5900... $5887... $5877.01 It just keeps dropping lower and lower.
This is also the first time that Bitcoin has gone mainstream. This truly may be the beginning of the end for bitcoin and cryptocurrency as we know it. I'm hoping not though. I still have some more buy orders for lower with the money where I sold when Bitcoin was at 18k. I only sold 11% though. Every day feels like it is getting worse and worse.
I have a tab at the top of my computer right now. $5,930... $5,922... $5907... $5902... $5900... $5887... $5877.01 It just keeps dropping lower and lower.
Exactly! U feel the butthurt of topic starter. There are a huge amount of people who prevents normal price correction without panic falls. Anyway, it's inevitable in crypto world.
Instead of panic, just hold your bitcoin, just think positive. Wait for the day that bitcoin will rise again, because i believe on the next months btc will increasing. So you don't need to worry about its price, instead you have a patience and just trust it. The best you can do today while the price is low you can buy, so that when the price is increase you can earn profit. Don't make decision immediately that make your investment losses.
Yes I am with you! All my money in BTC and I am just holding 
This is a myth. Because neither have you made a profit if you don't sell. That is the great danger of holding. I think people shouldn't be so keen to hold and watch the price fall of a cliff.
i was worried while the price hasn't stop to dropped but i do not panic and still hold my bitcoin and my altcoins because i have already learn from my previous mistakes several years ago when the price suddenly dropped i was sold all of my bitcoin at that time and i was regretting my decission because after i sold it the price climb up again so i won't make another mistakes this time
Instead of panic, just hold your bitcoin, just think positive. Wait for the day that bitcoin will rise again, because i believe on the next months btc will increasing. So you don't need to worry about its price, instead you have a patience and just trust it. The best you can do today while the price is low you can buy, so that when the price is increase you can earn profit. Don't make decision immediately that make your investment losses.
I constantly have to reassure such nervous people, and this is very difficult. I myself am a little nervous during such drawdowns, although I know that this is normal and even good.
Why do you panic? Why?
IF YOU DO NOT SELL, YOU DO NOT LOSE ANYTHING! YOU LOSE THE MOMENT YOU SELL, after you purchased high and buy low. It does not matter what is the price ATM, the only thing which matters is what is the price when you decide to sell. So, to shield yourself from losing money, DONT sell under the price you bought it.
If you trust in crypto and believe it ll bounce back, WHAT THE FUCK IS THE PROBLEM AND WHY PANIC?
If you do not trust in crypto and you have doubts whether it ll bounce back, well, in that case you are in the wrong industry and you shouldn't have invested in crypto in the first place.
So knowing this, what is the problem again?
IF YOU DO NOT SELL, YOU DO NOT LOSE ANYTHING! YOU LOSE THE MOMENT YOU SELL, after you purchased high and buy low. It does not matter what is the price ATM, the only thing which matters is what is the price when you decide to sell. So, to shield yourself from losing money, DONT sell under the price you bought it.
If you trust in crypto and believe it ll bounce back, WHAT THE FUCK IS THE PROBLEM AND WHY PANIC?
If you do not trust in crypto and you have doubts whether it ll bounce back, well, in that case you are in the wrong industry and you shouldn't have invested in crypto in the first place.
So knowing this, what is the problem again?
It is easy to say this but very hard to follow practically. Suppose someone invested $20000 in Bitcoins and the value reduced to $15000 in a month. Now he will not be able to sleep even thinking that it may go to $10000 in some time.
For those people panicking they might lose everything they invest in bitcoin because of its big dip or big decrease on its value this time around. Dont worry, dont panic. Its alright. Its normal. What you do now is hold on to every bitcoin you own now, just hold on to it dont sell it. And wait for it to regain its highest or true value of bitcoin uou ll never know you might still gain big profit from it. Also buy some more too! So when the prices go up, your investment on it grows up too.
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