Topic: Some words of encouragement during this market crash - page 3. (Read 587 times)
Market crash is a common scenario to be happening in this industry so you have nothing to be worried about since many of us have already experienced and survived those market crashes that brought up us into this current position we are having as of this moment. There is no need to get panic if you really do know your cryptocurrency tokens you hold and you have in your portfolio very well. Instead of thinking the negative obvious which is the loss, better have a positive outlook which is the possibility to acquire more at an affordable price and hold it until the market recovers from this crash.
I have noticed that the picture is drawn like this. China is not interested in bitcoin now its plan is to launch the digital Yuan as the First CBDC in the world so it does not want any competition.
It is bad news for crypto enthusiasts in China who are a large community that live with so many impositions that they shorten their freedom in choosing to invest in bitcoin.
On the other hand, it is a great opportunity for other nations to embrace bitcoin and build more cryptomining around the world and free ourselves from the power of China.
It is bad news for crypto enthusiasts in China who are a large community that live with so many impositions that they shorten their freedom in choosing to invest in bitcoin.
On the other hand, it is a great opportunity for other nations to embrace bitcoin and build more cryptomining around the world and free ourselves from the power of China.
The markets is looking horrible and I know some of you want to hear some fact based words of encouragement. Its hard to comprehend this at the moment. But we have not reached the top of this cycle yet. This looks a lot like 2013 when the market crashed half way through the cycle before continuing upwards. Just check the charts and compare it your self. Bitcoin bull markets end in fireworks not crabbing formations. If you are in then just hodl and do something productive until August. If you aren't in yet, then start DCA'ing. Peace.
Erm, one question if I may: you said just hodl and do something productive until August. Could you please be so kind and also add the specific year you are referring to? Are we talking August 2023 or August 2024?^^
To be honest I don't think we will fully bounce back within this year if this turns out to be one of those major crashes like around 2015 and 2018. It is going to take time because a lot of (mostly retail) investors will have burnt their fingers. They won't just fire another bullet at it within two months of time. Right now it doesn't look very good. I'd be surprised if this is all because of the Chinese crack down because it's quite some time ago the market paid so much attention to what happens in China.
The markets is looking horrible and I know some of you want to hear some fact based words of encouragement. Its hard to comprehend this at the moment. But we have not reached the top of this cycle yet. This looks a lot like 2013 when the market crashed half way through the cycle before continuing upwards. Just check the charts and compare it your self. Bitcoin bull markets end in fireworks not crabbing formations. If you are in then just hodl and do something productive until August. If you aren't in yet, then start DCA'ing. Peace.
Like you said, everyone should look for something else and be productive. Bitcoin will go up again, but I don’t think it is going to be anytime soon. We don’t know when exactly it’s going to be that the price of Bitcoin will go up, but we know that it will. But at the moment we should be looking for things that we will be doing for now.If you have something else to focus on you wouldn’t worry yourself much about cryptocurrency, you will be able to have the patience that is needed, and do other things while you wait for the price to go up again. We have seen a lot of analysis that predicted over hundred thousand dollars. I don’t think that’s something that’s going to happen anytime soon.
The markets is looking horrible and I know some of you want to hear some fact based words of encouragement. Its hard to comprehend this at the moment. But we have not reached the top of this cycle yet. This looks a lot like 2013 when the market crashed half way through the cycle before continuing upwards. Just check the charts and compare it your self. Bitcoin bull markets end in fireworks not crabbing formations. If you are in then just hodl and do something productive until August. If you aren't in yet, then start DCA'ing. Peace.
It's not as horrible as the last crash we had back in 2017. And it's not the first time we are seeing something like this. Most of the people were already expecting this crash and it was long overdue. Those who are selling are going to regret in the future. Currently seeing the "death cross" FUD being spread. We probably might have reached the death cross, but selling due to this won't get you anywhere (unless you no longer can risk and want to get out). The value has already reached $32,000. Buy as much as you can afford to maximize your profit. And what makes you confident that we are going to see a bull run on August? 
The current market situation is not new to old players in the cryptocurrency market take the 2017-2018 Bitcoin market where the price went down up to 800%, the only suitable word in the situation is to hodle.
Hodling will always be the best option if you don't want to go on panic selling in this market crash and you prefer to keep safe all of your coins. You won't experience losses of course if you never decide to sell your coins unlike those who end up panic selling because of fear seeing their investment consistently falling their value.I prefer to stay calm and positive in this time of market crash. Crypto will never come up with bullish season if we cannot survive from this long bearish season. So we should learn to be used from it and start living with it too.
Situations like this are certainly able to test our patience, where those who believe in holding on to it will produce success for the patience that is applied. for those who panic to face the current bear market like heroes who died on the battlefield who can't carry their dignity, and for those who hold fast in the face of market cycles like this will certainly achieve success in the future
And for the OP to think about the situation, the adoption today is very different than in previous years. There are so many organizations and top companies (financial institutions) that are heavily invested in crypto. Also, consider PayPal and Tesla as some of the companies that are integrating crypto in their payment system. And now, I believe, there are a lot more companies that are integrating crypto in their payment system owed to pandemic. So if you are discourage of what's happening in the market, think of the increasing adoption of crypto usage. And in the next coming years, it will further increase. So be patient, and sooner you will see the light at the end of this tunnel.
The current market situation is not new to old players in the cryptocurrency market take the 2017-2018 Bitcoin market where the price went down up to 800%, the only suitable word in the situation is to hodle.
Situations like this are certainly able to test our patience, where those who believe in holding on to it will produce success for the patience that is applied. for those who panic to face the current bear market like heroes who died on the battlefield who can't carry their dignity, and for those who hold fast in the face of market cycles like this will certainly achieve success in the future
The markets is looking horrible and I know some of you want to hear some fact based words of encouragement. Its hard to comprehend this at the moment. But we have not reached the top of this cycle yet. This looks a lot like 2013 when the market crashed half way through the cycle before continuing upwards. Just check the charts and compare it your self. Bitcoin bull markets end in fireworks not crabbing formations. If you are in then just hodl and do something productive until August. If you aren't in yet, then start DCA'ing. Peace.
Be patient, the market will bounce back after few months but make sure to sell your holding when you get a chance, otherwise you will have to wait for a bit longer to earn big. At the moment Holding is the only option for the investors.
I know that others are getting stressed of the bear market right now, even if you are an average Joe. The thing is that we have to take it as an opportunity on what we should do the next time we encounter another wave of bear market, or an opportunity to buy at a discount, or just simply accept the fact that you cannot control or decide where the market goes. It's unpredictable and has high volatility, and could go high or low without warning at all. Even though there are some terms such as death cross, etc., that would signal the start of the bearish run, but there are no guarantees that it can be true. Always invest what you can afford to lose along with proper risk management.
If your holdings is only on spot, You should not worry since the price will recover in the long run just like what other posted above. Never open any future or margin position at current volatile market since the chance of being liquidated is very high. I read some data that exchange are just squeezing long and short positions before we can move on again on another uptrend cycle.
If you think cryptomarket is stressful during bear market. Just have a break and come whenever your mind is calm.
If you think cryptomarket is stressful during bear market. Just have a break and come whenever your mind is calm.
The markets is looking horrible and I know some of you want to hear some fact based words of encouragement.
Look around, the Bitcoin market is considered for me as a healthy one. Don't panic with all FUD that happened just because of the announcement of China, this is their way to drag down the market and reinvest again since they don't have the power to control the entire market, who knows, one of the biggest whales was come from China, IMO. 
I don't see any horrible thing right now, but the thing is those people who have followed the FUD and begun panic selling. That's exactly what I say, just check the previous chart price and you will see that we are in a healthy market if you will compare those previous prices. Besides, we have no loss if we don't sell our crypto assets during the correction time and don't expect that the market has always had infinite growth, there must a short correction as well.
this is not a crash anymore. this is more of a struggle before the launch.
apart from the fact that today's price is 3 times higher then the price of last year, the recent drop that bitcoin experienced that has brought its price to $30k to $40k range has also got it stuck in this range without any more rises or falls outside of it.
in any case if you want to look at the bright side then see how the altcoins that were pumped got dumped hard which is a good thing to keep the market healthy by preventing the altcoin pumpers from taking newbies money.
apart from the fact that today's price is 3 times higher then the price of last year, the recent drop that bitcoin experienced that has brought its price to $30k to $40k range has also got it stuck in this range without any more rises or falls outside of it.
in any case if you want to look at the bright side then see how the altcoins that were pumped got dumped hard which is a good thing to keep the market healthy by preventing the altcoin pumpers from taking newbies money.
Holders hold their coins for a reason; it's for long-term gain. this only affects users using BTC for day-to-day transactions.
Don't sell for negative profit, holding time will be wasted, the buying price is still high, you might not get the same quantity of coins if you sell them from panic.
Don't sell for negative profit, holding time will be wasted, the buying price is still high, you might not get the same quantity of coins if you sell them from panic.
There's no reasons to think that Bitcoin is repeating some pattern from the past, because on small timescale these patterns are nothing but market fluctuations. It's generally a good advice to hodl, because it's safer than trading, but buying more coins now, especially if you're already deeply in red, could be irresponsible. Don't forget the main rule of investing - invest only what you can afford to lose.
Throw away all your social media that are screaming about the beginning of a bear market. Subscribe to the MicroStrategy news channel. Today this is one of the companies that know what many do not know. She is constantly only increasing her Bitcoin holdings, and Michael Saylor has no disappointments with Bitcoin.
The best option is not to celebrate anything because there will be a time when MicroStrategy will book their profit. Right now they are investing heavily but there will be a point where they will be booking their profit. The market situation is not surprising as we are still moving in a range with a support around $30k and the resistance is pretty strong to break and so is the reason the market went down. 
this is an investment, in every fall there will be a rise, we just need to wait and be patient for prices to stabilize. This is certainly a long process to return prices to their initial levels. stop bitcoin.hopefully the market price will return to normal
Throw away all your social media that are screaming about the beginning of a bear market. Subscribe to the MicroStrategy news channel. Today this is one of the companies that know what many do not know. She is constantly only increasing her Bitcoin holdings, and Michael Saylor has no disappointments with Bitcoin.
Do not read the negative, just leave Bitcoin for a long time, you will not be the loser.
Do not read the negative, just leave Bitcoin for a long time, you will not be the loser.
I do think that highs and lows are part of the game and if you are really willing to make a sacrifice and move forth , you need to hold for a long time and forget about the bear market for a while.
See if there was a price burst then ofcourse the people are going to sell which will indeed decrease the price for a while but if you're going to leave bitcoins for such small matters then you should test out your patience somewhere else.
The Volatility is actually beneficial! You can buy more at low and something that guided me though the low times was "you do not loose until you do not encash" which was indeed gold for me.
Do not worry much ! If it went down people will ofc buy, the change in the price might take time but it will happen eventually , even check the past year's success it will all add up ! Just hold.
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