My heart is bleeding as the Market is bleeding. What is happening?

Wilhelm

legendary

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Quote from: lalabotax on November 27, 2018, 09:25:23 AM

not only are you feeling the disappointment of this accident, the market is bleeding again because of a number of rumors and some news says it is nothing but a hard fork on a bch. and the war between Fakesatosi and Dev Bch. this is what is being talked about and as a result the market is bleeding

Shaking out the weak hands is good for crypto. We don't want the twitchy people.

lalabotax

full member

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Not only are you feeling the disappointment of this accident, the market is bleeding again because of a number of rumors and some news says it is nothing but a hard fork on a bch. and the war between Fakesatosi and Dev Bch. this is what is being talked about and as a result the market is bleeding

Vit83

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For most people who are long enough in crypto and HODLing there is no sense to sell here, its already too low.

Wilhelm

legendary

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Fiat is inflationary
BTC is deflationary

Odds are in the HODLers favor Cool

Roukawa

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Hold! This is the only key I can give to you OP. If you hold your bitcoin today, there is a possibility for your investment to return again. In cryptocurrency, there is always up and down. We cannot deny that we lose a lot today but if we will wait for its right turn to move up, profits will come to us. Eventually, we will recognize that cryptocurrency is mot a simple kind of investment because it is difficult for every one to predict the future price.

rickadone

legendary

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Quote from: triciaa478 on November 20, 2018, 09:09:33 AM

Bitcoins is trading below 4500 USD and the whole market seems to be going down too. Please be honest and tell me what is happening if anyone has idea. Don't just comment just because you want to fulfil your signature campaign post requirements. I am even crying typing this post. You know why? Because My investment of lifetime savings of 22,000 USD which I gained from my pension was invested in bitcoin when my niece recommended it for me. Please what is really happening. Now my value of bitcoin is around 3000 USD after waiting for a year of holding bitcoins.

The sad part is you have seen people who were upset about bitcoin price dropping from $6.5k to $5.6k and so forth, even at the first stages of this 10 day streak we were like oh too bad that it happened and ever single day after that we have seen bitcoin dropping even further and further down and looking back 10 days ago when we were sad about bitcoin we should have taken our money out instead of thinking it would go up from there.

What we believed was a drop in the price that would be corrected seems so much better right now compared to what we have right now. We could have had a better financial stress free life looking at how we got out in right time but instead we are looking back at those days thinking "I tought that was bad but I was wrong, this is so much worse".

1Referee

legendary

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Quote from: supermine on November 25, 2018, 02:51:01 AM

I have no other words than don't lose your hope the prices will recover again and we all will make profits by holding bitcoins.

The sort of hope you are referring to is useless, and people with similar mindsets are being shaken out of the market as we speak.

People need to rethink why they are here in the first place. If you understand why Bitcoin has value in the first place, what's happening in the background in terms of progress, you wouldn't think about selling but try to stock up as many coins as possible within what's financially feasible for you.

The hashrate of each coin has dropped significantly in the last weeks, while Bitcoin's hashrate remains somewhat stable, and that after an almost 50% reduction in price!

BitFinnese

copper member

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Quote from: bitbunnny on November 25, 2018, 02:57:36 AM

I think we have come to the phase of panic selling. Many couldn't take the pressure of falling market, as often in similar situations.
Still I beleive that we have to keep calm and wait for this price dump to finish. Now it's hard to tell when this negative trend will be over because it's looks like the price is sinking endlessly but I still beleive in Bitcoin recovery.

True, news keep on feeding negative stuff. They even say that price will continue to decline. Supporting their statement, they keep on publishing predictions and thoughts of known people that are not too friendly to Bitcoin. The only thing that should have at least minimize this fall had been postponed and moved to January. From here, there is not much of positive events that will at least help the market to bounce back. Though I certainly agree, we must be patient and wait for the market to recover.

zby

legendary

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Am I the only one to find the title kind of strange? That composition of words.

bitbunnny

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I think we have come to the phase of panic selling. Many couldn't take the pressure of falling market, as often in similar situations.
Still I beleive that we have to keep calm and wait for this price dump to finish. Now it's hard to tell when this negative trend will be over because it's looks like the price is sinking endlessly but I still beleive in Bitcoin recovery.

supermine

hero member

Activity: 826

Merit: 518

Nothing positive yet the prices hit $3600 by today and still falling so as people said it reached $3000 range so this is the real bottom or the prices will fall more. Roll Eyes

I have no other words than don't lose your hope the prices will recover again and we all will make profits by holding bitcoins.

cryptokwuk

jr. member

Activity: 97

Merit: 1

I'd say sell your coins now, look at it this way, you lost 85% on your investment, if you sell now you still have 15%, that's better than anything less than 15%.

Clark05

sr. member

Activity: 1274

Merit: 263

Wait for the bitcoin to pump again the value. As we notice this week market still bleeding and it is not good for us if we are going to sell more coins that we have because more money will lost of this snerio will still happen or it continue.

Inkdatar

hero member

Activity: 1582

Merit: 523

Quote from: triciaa478 on November 20, 2018, 09:09:33 AM

Bitcoins is trading below 4500 USD and the whole market seems to be going down too. Please be honest and tell me what is happening if anyone has idea. Don't just comment just because you want to fulfil your signature campaign post requirements. I am even crying typing this post. You know why? Because My investment of lifetime savings of 22,000 USD which I gained from my pension was invested in bitcoin when my niece recommended it for me. Please what is really happening. Now my value of bitcoin is around 3000 USD after waiting for a year of holding bitcoins.

Investing in cryptocurrency is very risky so before you put your money you must ensure that you can face this challenge about the price that has been bearish trend. Never sell at a loss price though you are not the one suffering in this market might as well wait a little more to bounce back again.

Tagus45

copper member

Activity: 275

Merit: 1

Be patient sir, you don't need to regret that it happened, for now you better be patient and wait for market recovery. Don't sell low, because it will make you suffer losses.

South Park

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Quote from: triciaa478 on November 20, 2018, 09:09:33 AM

Bitcoins is trading below 4500 USD and the whole market seems to be going down too. Please be honest and tell me what is happening if anyone has idea. Don't just comment just because you want to fulfil your signature campaign post requirements. I am even crying typing this post. You know why? Because My investment of lifetime savings of 22,000 USD which I gained from my pension was invested in bitcoin when my niece recommended it for me. Please what is really happening. Now my value of bitcoin is around 3000 USD after waiting for a year of holding bitcoins.

Your story is very painful to read, but in reality nothing is happening with bitcoin, if you look at the past history of the movements in the price of bitcoin you will see that bitcoin moves in this way, there are huge bull markets and there are huge bear markets as well, unfortunately for you the moment that you choose to invest was very bad because the price was at its highest point and now you are having those huge losses and no one can tell you when the market is going to recover.

arpon11

sr. member

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Though many of us did not foreseeing the current situation but as an investors and traders we should be prepared for this.
About two weeks ago all the forecasts was that bitcoin and cryptocurrencies market in general is going to start to witness it usual end of the year bull run and most of us especially the micro investors were hoping for our investments to appreciate only for us to see this huge dumped in pricing.
I think we should have a long term view in this if we decided to hold. The current market conditions may take over 3 years to recover and that means we should expect bullish trend in the year 2020 and 2021.

triciaa478

member

Activity: 350

Merit: 10

Quote from: quartzz on November 20, 2018, 07:22:21 PM

Quote from: WinslowIII on November 20, 2018, 11:48:29 AM

Quote from: triciaa478 on November 20, 2018, 09:09:33 AM

Bitcoins is trading below 4500 USD and the whole market seems to be going down too. Please be honest and tell me what is happening if anyone has idea. Don't just comment just because you want to fulfil your signature campaign post requirements. I am even crying typing this post. You know why? Because My investment of lifetime savings of 22,000 USD which I gained from my pension was invested in bitcoin when my niece recommended it for me. Please what is really happening. Now my value of bitcoin is around 3000 USD after waiting for a year of holding bitcoins.

I took a quick look at your post history and it doesn't really match your story so I'm thinking this is a troll post, but just in case I have one question for you: When something goes up in value 50 times in a year and a half, wtf did you think would happen? it would just keep going up forever? name one other thing that has ever existed that went up like that.

Having checked the history, I totally agree on the inconsistency thing and your conclusion.
"All my online remittance since the last five years have been crytpocurrency rather than traditional money transfer or banks , hence I think I am ready to use cryptocurrency in my everyday life."
Big bullshit.

Are you willing to contribute to the discussion or want to be my past post history analyser?

triciaa478

member

Activity: 350

Merit: 10

Quote from: The Sceptical Chymist on November 20, 2018, 04:29:00 PM

Quote from: triciaa478 on November 20, 2018, 09:09:33 AM

I am even crying typing this post. You know why? Because My investment of lifetime savings of 22,000 USD which I gained from my pension was invested in bitcoin when my niece recommended it for me.

You took an investment tip from a niece who's how old, exactly? You didn't do any research into bitcoin or its history?

What answers are you looking for? Why is the price dropping? That's because people are selling it en masse--and there's no answer that's probably going to satisfy you as to why they're selling. My advice to you (and I'm not a professional advisor by any means) is to hold on to what you've got, because the price may rebound. Don't know what price you bought in at, but selling while an asset is down is a sure-fire way to lose money.

Next time be smart about investing your entire life savings into something you evidently know little about.

Quote from: triciaa478 on November 20, 2018, 09:09:33 AM

Don't just comment just because you want to fulfil your signature campaign post requirements.

Hmm. Seems like you're not a complete noob to bitcointalk if you can make a statement like that. I have a feeling you're trolling us all.

My niece sell and buy bitcoins with mobile money and bank transfer on localbitcoins. He advice many on bitcoins and ICOs since he is a graduate in accounting, we all believe her. But I think is good to keep holding and forget about it.

harizen

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Quote from: triciaa478 on November 20, 2018, 09:09:33 AM

Bitcoins is trading below 4500 USD and the whole market seems to be going down too. Please be honest and tell me what is happening if anyone has idea. Don't just comment just because you want to fulfil your signature campaign post requirements. I am even crying typing this post. You know why? Because My investment of lifetime savings of 22,000 USD which I gained from my pension was invested in bitcoin when my niece recommended it for me. Please what is really happening. Now my value of bitcoin is around 3000 USD after waiting for a year of holding bitcoins.

Putting money on crypto is not a joke. Yes it's worth to take a shot but you should understand all the associated risk prior using your savings to buy some. This is not a childish game that you will just put your money and wait it for grow. There are people who are willing to do hodl for much longer period so this kind of trend is being disregarded by them.

And kind of a bad move that you put your "LIFETIME" savings on something that is just recommended to you? What on Earth you did.

Well then, it's there already and you have no choice but to deal with the current trend. What to do now? Before I will continue my response, I want to see first your responses here to other users. Don't want to waste time advicing on someone that is not serious.

Topic: My heart is bleeding as the Market is bleeding. What is happening? (Read 476 times)