Should I keep calm and wait? | Bitcointalksearch.org

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legendary

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MY view of crypto is that it has to develop over time, both fundamentals, the regulatory and business side and also obviously pricing across its popuations of users.

Heres the 8 day moving average which is purely speculative and reflects sentiment I guess, above generally a positive -

The blue line is flatening out as we steady around the prices here vs the previous decline. Then we must react with that region positively or negatively, seems to be just bouncing within this region for now

Mr.grin

legendary

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Quote from: KennyR on December 02, 2018, 02:15:14 PM

Having patience and waiting to make use of the opportunity is the right one can do by this time. Now active users who have got lot of fiat holdings can make use of it as a time for investment. Hopefully the year end could lead to a drastic growth in the bitcoin as well the entire market of cryptocurrencies.

well, a few days ago, when prices began to decline, of course I panicked, and sold several assets. however, at this time, I was calm again, and probably would hold back some of the assets I had, and wait.

Dirk2017

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Quote from: iTradeBit on November 22, 2018, 09:27:46 AM

Bitcoin is ready to stabilize, is it worth to calm down and wait?
How quick will the market begin to return to the massive increase in altcoins in your opinion?

These should be our SOP every time the market is really in difficult in which patience is a virtue specially if we are investing top ranked and very promising crypto assets like Bitcoin. What is the point of selling them low now in which it will just cost you a sure lose but if we keep on holding then rest assured it will bounce back as these top ranked coins are have been in this situation before and still survived.

Pagoda.to

jr. member

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the price will always be up and down whether now or in the future, if you have been calm in the past when the price was high then stay calm until it can go up again. The best is not depend on btc to fund your daily life, let it sit there and buy more if you like since the price is good now.

bintangkejoraku

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decent or it doesn't depend on your trust in bitcoin. if you believe the price of bitcoin will recover, you deserve to be calm, all you need to know is that anxiety will not solve the problem.

KennyR

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Having patience and waiting to make use of the opportunity is the right one can do by this time. Now active users who have got lot of fiat holdings can make use of it as a time for investment. Hopefully the year end could lead to a drastic growth in the bitcoin as well the entire market of cryptocurrencies.

fasdorcas

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I think what the original poster meant to ask is that maybe the market will fall even further? Maybe it will go down to $2 k price range like how everyone has been talking about, maybe $3k is closer than what we all think ? I mean would you be expecting 4 thousand dollars just couple weeks ago ? Not really none of us expected that. Hence, I think the main question was leaning towards "should I sell all I have in order to not get burned when bitcoin drops any further or do you think I should hold my coins hoping price will go up".

It is not any different than millions of people are asking each other whenever the topic is bitcoin, "will it go up or will it go down". Simple question however asked a bit differently here. I think price will go up but not right away so you better hold and wait for a bit.

KorakPawon

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Quote from: iTradeBit on November 22, 2018, 09:27:46 AM

Bitcoin is ready to stabilize, is it worth to calm down and wait?
How quick will the market begin to return to the massive increase in altcoins in your opinion?

You have to be patient whether bitcoin is ready to be stable or not, calm down and waiting is what they called as patient as well. About how long or how quick the market will begin to its massive increase is actually no guarantee for that, no one knows when it will return, no one can predict since bitcoin is unpredictable, that what matters.

sj2199

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Right now you have your own answers, if at this time bitcoin is good for me it might not be for you, we must be prepared for the risks that will occur.

Yamifoud

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Quote from: budiarmed on November 30, 2018, 11:16:06 AM

There is no need to panic in this situation, and panic will only end with the risk of losing. I choose to be patient and stay calm even though the market is not stable, I believe in the future the market will rise.

We don't have any option to prevent from losing, we can hold until we can manage it to do so. But it is very hard for us if we are in doubts and in need of money. This is some reason's why some people will sell their coins even they are still losing, it is really depend on the current situation.

magneto

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I don't think that markets are going to be turning bullish any time soon. If you need cash now, then you should probably need to cash out your coins.

But if that is the case, then you definitely should have accounted for that before you even invested and potentially not invested at all. But if you don't need any funds in the near future, I would certainly think that holding is a good strategy.

And at this point in the bear market where there has already been around 1 year of continuous dips, I think that markets are potentially going to bottom out in the next year or so which means that the current prices should be fairly close to the price floor. To me, if you have any spare funds, it would certainly be a good idea to buy and accumulate BTC gradually, for the long term.

bitbunnny

legendary

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And what else could you do, is there any other choice? I don't think so. If you sell, you will loose unless you have bought below 3500$$. I know that people are getting nervous thinking this lasts for too long and many are very disappointed because they have expected a lot from this year in term of price rise.
But we can't influence or change current situation so the best thing is to wait for price to recover. And don't forget that this is not the last time that Bitcoin price will dump so be prepared for the next time.

BitFinnese

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Quote from: budiarmed on November 30, 2018, 11:16:06 AM

There is no need to panic in this situation, and panic will only end with the risk of losing. I choose to be patient and stay calm even though the market is not stable, I believe in the future the market will rise.

True, why worry when you can do nothing about it. Then if you can do something, you do not need to worry at all. At this time where we can only do is sit down and watch, we need to gather ourselves even though our investment is crashing. This is just another history of crash in Bitcoin. There are several events like this before this one but Bitcoin had proven itself to bounce back and recover. And when it does, it often set new ATH.

budiarmed

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There is no need to panic in this situation, and panic will only end with the risk of losing. I choose to be patient and stay calm even though the market is not stable, I believe in the future the market will rise.

Lazada

sr. member

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Quote from: iTradeBit on November 22, 2018, 09:27:46 AM

Bitcoin is ready to stabilize, is it worth to calm down and wait?
How quick will the market begin to return to the massive increase in altcoins in your opinion?

Change can happen so quickly and that is a normal thing to happen. in my opinion that prices are still very likely to experience an increase. staying calm and waiting can be the best choice. I hope the situation will be much better and we can get some opportunities to make a profit. The market will always change and when there is a change, we will be able to use the momentum as well as possible.

gogrowglow

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In this kind of market, keep calm and wait is the best option. When you are dealing with cryptocurrency your best trait should be "'PATIENCE". Here in Bitcoin, calmness is a must if you want to achieved what your goals are. As we all knew, the nature of cryptocurrency is volatile so we have to prepare ourselves for this kind of occurrence here in crypto world and plan options. Mine is, while waiting for the market to go up again, I still continue doing bounty campaigns to accumulate more coins in preparation of the bull run (hoping it will happen in the very near future) and from time to time I read news and information regarding cryptocurrency to broaden my understanding of Bitcoin. Make use of the time that this bearish market is creating, so that your mind won't be focused entire on the down market which makes you anxious and worried. It is nice to be always positive, just stay calm and wait for the bull run to happened again, for it will, eventually because CRYPTOCURRENCY is the future of the world.

Naughty Princess

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Quote from: buwaytress on November 22, 2018, 11:19:01 AM

What's the alternative to "keep calm and wait"? Panic and rush in? Doesn't really feel like there's any other good way to deal with Bitcoin, is there?

Forget asking about the opinion of others, and form your own. It's going to prove to be just as accurate, if not more so, than any opinion you'll get from this forum.

It's like anything in life really, come to think of it. If you can't afford to be patient with Bitcoin, best not dabble. If you're after quick profits, you'd best try your luck (yes, luck) at gambling on exchanges, buy and sell with the tide. If you can afford the time, spend it reading up and learning about Bitcoin before asking about price opinions. You'll thank yourself later for having learnt more about Bitcoin and using it in more useful ways - regardless of what price it's at.

Very well said. Take time to read in this forum and other sites that will help you to learn about crypto. Invest your time first before making a decision of taking risk to invest with many then ask what to do when it doesn't work as what you expect. You can learn strategies on your own and then ask opinion when you can't find an answer on your own. Market is very volatile, you can play with it by trading or gaming. You have to know the risks from what you have to do.

0xBitcoins

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Quote from: The Sceptical Chymist on November 22, 2018, 10:53:22 PM

Quote from: buwaytress on November 22, 2018, 11:19:01 AM

What's the alternative to "keep calm and wait"? Panic and rush in? Doesn't really feel like there's any other good way to deal with Bitcoin, is there?

I know, right? How are you supposed to answer questions like this? "No, be frantic and continue pulling your hair out" isn't exactly good advice if you're trading bitcoin or anything else.

If you're a holder of bitcoin at the moment, I'd definitely keep holding. Selling when prices are down is how you lose money, and unless you really believe bitcoin is going lower for the long-term, there's no need to sell. In fact, it's probably a good time to buy if you ask me--and I've said that numerous times over the past few days. It just sucks not having enough fiat to get in right now.

Lol, despite this whole advise that are being given to people here, a lot of them are still selling their Bitcoins without thinking about it. Some say it’s best for them to sell now, maybe when the price starts to rise they will then buy again and start to hold. You never can tell what will happen and you shouldn’t be relying on things that happened before to say what will happen. I’m holding mine and I’m selling.

mrcash02

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No way to know yet if the market will stabilize soon, keep it in mind, it's an unpredictable scenario. Personally, I think it's better to wait, but each one lives a different situation in life, what is the best option for me, might not be for you.

Just be aware that it can take a long time to see BTC price rising again and we don't know if it will still reach even lower. Make sure your financial life is organized for now and if you choose to keep holding, better to guarantee you won't need to cashout your Crypto funds soon.

And let's hope this crisis will be ended faster as possible and the green color will be back to the charts!

glowing10

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Quote from: jojowar on November 25, 2018, 02:02:39 AM

Yes you should be calm and wait until the market rises again. If you don't have patience in this kind of situation, you may result into losses.

Market will rise soon and not to worry much about it. Yes also if you have some extra money it is the time to buy the altcoins and btc as many coins have fallen so much that you can now buy easily at the best rates. Also this investment could yield you profits soon as well.

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