Witnessed the crash back in 2013 myself though I didn't have guts to buy the dip back then. It really took some 3 good years for BTC to get back on track. What I learnt is that one has to be extremely patient and ready to wait even if it's 5 years>
So just use the cash that you may not need in your day to day life to buy and keep... 2 to 3 years, the wait may be worth it.
I personally bought some BTCs for myself later on.
Topic: Previous big crash of Bitcoin: Who was there and now here? - page 2. (Read 393 times)
BTC is the founder of crypto but will not last. Mining it is for Chinese slaves. The fees are stupid high. There is nothing positive about BTC anymore. I'm watching the days go by as BTC bleeds a slow death.
I remember crash after Mt. Gox collapse. Few months before that crash I had bad feelings because in Nov 2013 my cash deposit was delayed. I sent money from my polish bank account to buy 1k LTC for price ~5 USD/LTC. Mt. Gox had my money within few seconds because it was an account in the same bank (BZ WBK in Poland). After a few messages and 30 days later the funds were on my deposit wallet. LTC was for 25 USD so the same day I changed everything to Bitcoins and sent it to my cold wallet. After that I didn't use Mt.Gox any more.
I've learnt to keep coins on external wallets. But... I wasn't patient. I sold everything in 2016. So lesson #2 if you want to cash out in a bad times, sell only half (if you have to), another half just keep and wait.
I've learnt to keep coins on external wallets. But... I wasn't patient. I sold everything in 2016. So lesson #2 if you want to cash out in a bad times, sell only half (if you have to), another half just keep and wait.
I think that with each wave the number of investors increases.
A new wave of growth in Bitcoin prices will begin in 2020. This is my opinion, but I hope that I am right.
A new wave of growth in Bitcoin prices will begin in 2020. This is my opinion, but I hope that I am right.
Started using Bitcoin in 2015. I wasn't there during that time but here's my advice to anyone that's currently holding at a loss. Avoid looking at the price and keep yourself busy so you won't have to remember anything related to Bitcoin. Don't get carried away by the losses you have now and always think that this is only a short term loss. Endure the loss, the time you spend on waiting won't go to waste at some point the price would eventually go back to where it was. Lastly, never sell at a loss.
I was here through the last crash, I HODLED & bought more. I’m doing the same now. Don’t panic!
When others are panicking, that’s the time to load up & buy cheap coins.
Profit from others misery!
When others are panicking, that’s the time to load up & buy cheap coins.
Profit from others misery!
I got to know bitcoin in 2016 when it was around 600$ per 1 btc. I only read about the previous price actions,. Since then the price has moved up and also down at some percentage increase and decrease. It's a usual trend that many people didn't take note of. Majority are only in price prediction of 50,000$ per 1 btc specially after it hit 19000$ in 2017. I can just say we should take note of this trend and make good wise use of it for better profiting in this space.
I wasn't an investor in Nov-Dec 2013 but was just a keen onlooker on things that's happening for bitcoin. I was only starting to read here and there about bitcoin until I made my first purchase in April or May 2014, back when the price was hovering @ $300. Back then I thought that it will never achieve the same price point over again seeing how the littlest of price increase ($20-$50) were immediately shut down by the bears. Basically, everything was a shit show in 2014-2015, together with China banning and un-banning crypto. As an investor, I just bought until I have a hefty stash, waited for the price to get up and sold. Just don't stress yourself up in checking the prices during crashes as it will really return negative search results; just keep on with your life and just leave your stash on where they are until you hear a buzz regarding crypto and its markets.
In November 2013, Bitcoin price had hit 1100$ and then a massive crash had begun until it had hit 160$ at the beginning of 2015. It took almost three years for Bitcoin to hit the same price again.
Most of the investors today just know this as a story but what about the ones who were there then and now here as an investor? What is the most valuable advice does a veteran could give us? I'd like to hear how does this patience and tolerance war could be won?
Most of the investors today just know this as a story but what about the ones who were there then and now here as an investor? What is the most valuable advice does a veteran could give us? I'd like to hear how does this patience and tolerance war could be won?
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