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Topic: This why you shouldn't be worried - page 13. (Read 3051 times)

full member
Activity: 308
Merit: 101
November 22, 2018, 05:15:49 AM
#23
This may be a bad time with Bitcoin, but Bitcoin is still active and so should not lose faith with it. Bitcoin will come back and develop strongly let it time to be able to pass this time I trust Bitcoin.
hero member
Activity: 994
Merit: 504
November 22, 2018, 05:09:15 AM
#22
This is why you shouldn't be worried and should understand how bitcoin works



ps. sorry I don't know how to load an image  Grin

This still doesn't conclude anything that the price of yesterday would presume the price of tomorrow. Even though there is a lot of possibilities, still we shouldn't be too proud.
copper member
Activity: 336
Merit: 1
November 22, 2018, 02:47:21 AM
#21
I hope we don't have to wait 3.3 years to go back to the new all time high. There is a halving event in 2 years which will correspond to a major pump so that is the most we will wait
legendary
Activity: 2184
Merit: 1302
November 22, 2018, 01:53:21 AM
#20
No matter how much we preach the hodl/patience game, i Still think it's almost impossible for any investor right now to refrain from panicking(on various degrees though)

I'm not much of an old trader,and I must be honest with you,i have had urges to sell off in the past few days,at least with the hope of cutting down on possible/potential losses..

Some say it's the end of bitcoin,others say it's a normal market trend, the market has been filled with speculations and predictions,but none is really anything to hold on to..

No one really knows what's next for the bitcoin,ill still exercise more patience as I'm already at over --40% loss
sr. member
Activity: 630
Merit: 257
November 22, 2018, 12:42:14 AM
#19
When was it gone? Bitcoin is here to stay at least for a decade. Good to see that day by day more people are realizing this. I know Bitcoin is going through hard phase but we never know when it might surprise us. The current price of Bitcoin is very low than its actual worth and we all know about that. Therefore, we should have patience and faith in Bitcoin and wait for to rise in value.
jr. member
Activity: 350
Merit: 4
November 22, 2018, 12:32:21 AM
#18
Bitcoin is one of the best currency of this generation, nothing to worry about as rise and fall is a part of how it works and in fact that's what keeps the balance ,in the future we will see even a more higher price
legendary
Activity: 3542
Merit: 1965
Leading Crypto Sports Betting & Casino Platform
November 22, 2018, 12:30:19 AM
#17
I think the 94% drop in the price in 2011 could have been the death blow for a lot of people, but the hard-core believers in the technology back then, pushed back harder and they got huge rewards in 2017.   Cool

The thing about Bitcoin is this, it is as resilient as a badger and it is as tough as nails. As OP has pointed out in this image, Bitcoin has been on the ropes, several times before, but like Rocky it always bounce back with a vengeance.  Wink

I just hope we do not have to wait another 6 years.  Tongue
hero member
Activity: 1106
Merit: 638
November 22, 2018, 12:20:11 AM
#16
Yeah, yeah, "we've been here before"...got it. I suppose it's reassuring to see the stats. The fact that we're down almost 80% from the last high is NOT the deepest pull back we've seen (although it's close). The challenge is two fold: (1) with each new high, the same incremental percent downward we go involves a significantly greater nominal value (i.e., amount in euros, dollars, etc.) decline we have to endure, and (2) the adage "past performance is not indicative of future results" basically states that charts like these have little to know impact on what could happen going forward.

We're free falling and it's a tough time to be in.
full member
Activity: 1218
Merit: 105
November 22, 2018, 12:12:23 AM
#15
This is why you shouldn't be worried and should understand how bitcoin works



ps. sorry I don't know how to load an image  Grin
I guess that image speaks a lot but you can't blame those people from being worried especially those who invested in Bitcoin at its peak price of $19,000 US dollars and they are now absolutely frustrated because most of the hodls and expects that this November will be the start of the bullish season of Crypto Currencies. I know that there a lot in here that lose a lot of money on investing on Bitcoin but it isn't Bitcoin's fault because in the first place Bitcoin isn't an investment and even in the Bitcoin white paper it does not indicate or tells anyone to invest in it. Bitcoin is a form of digital or electronic money that cuts down the trust issues on third parties and it is a peer to peer transaction that makes it easier for everyone to use it.
The real goal of Bitcoin is different from today because these days it becomes an investment medium and people decides what it will be, because of its decentralized nature.

Just like what I always say. It is better to invest only the money that a person affords to lose rather than risking everything in this very volatile and wild industry of Crypto Currencies.  Cool
jr. member
Activity: 420
Merit: 1
November 21, 2018, 11:59:02 PM
#14
Our goal is profit. In any case, to achieve the goal, patience and calmness are necessary. Based on your table, you can observe the pattern in the price change and conclude that in the future Bitcoin will become even more expensive.
member
Activity: 271
Merit: 10
November 21, 2018, 11:56:07 PM
#13
This is why you shouldn't be worried and should understand how bitcoin works

People who were here since long time are not worried Smiley.
But good that you try to educate people about historic BTC moves. Statistics can be tricky, and graphs, you did good tho.

Just watch and watch the bitcoin line up and down daily, every month like me you will see this is just a little price-driven, is a bit larger than the previous. And I still hold my position, do not care or worry about what's going on in the bitcointalk community Cool.
full member
Activity: 476
Merit: 100
November 21, 2018, 11:50:47 PM
#12
This is why you shouldn't be worried and should understand how bitcoin works



ps. sorry I don't know how to load an image  Grin
In my part I should not be worried because that is natural. Although bitcoin price is low for now we can still earn from it by monitoring the movement of its price we can determine on what price he fall so dip and on what price it will run high. Bitcoin price is actively moving in the market so we can still earn although the price is very dip now. If I have money for investment this is the right chance to buy for bitcoins.
newbie
Activity: 94
Merit: 0
November 21, 2018, 11:35:17 PM
#11
I think I'm relatively new to the space and didn't know about these drops so seeing this made me feel better. I'm going to hodl of course but this puts my heart at ease a bit.
hero member
Activity: 2870
Merit: 594
November 21, 2018, 10:41:55 PM
#10
For me, as long as bitcoin is fighting and have resistance then no point of worrying too much. As long as I can see that there's still people buying, using and trading bitcoin and there's resistance to go much lower then I'm still on this ride.
Right... A terrible market for investors who don't understand how bitcoin is driven. Although the case of the fall in the price of bitcoin is not the same from year to year, this technology is quite well used in the financial sector. Anyone who is familiar with this technology, surely will not leave it. For some traders, this might be a nightmare.

Well for some newbie traders, its a nightmare because no one has seen this dramatic fall although I have seen others making a prediction as early as 2018 that we will see a dramatic fall but not of this magnitude.

We can't really do anything but we do have a choice. HODL. There's no way that you should sell at this point otherwise you will just take a loss. And everyone should look at their investment for the long haul because that's what's separate a smart investor to a a dumb investor. Those dumb investors panics sell their coins and then bitch around, while smart investors stays cools and became rich overtime.
legendary
Activity: 2296
Merit: 1014
November 21, 2018, 10:29:28 PM
#9
This is why you shouldn't be worried and should understand how bitcoin works

People who were here since long time are not worried Smiley.
But good that you try to educate people about historic BTC moves. Statistics can be tricky, and graphs, you did good tho.
full member
Activity: 560
Merit: 145
November 21, 2018, 09:54:43 PM
#8
For me, as long as bitcoin is fighting and have resistance then no point of worrying too much. As long as I can see that there's still people buying, using and trading bitcoin and there's resistance to go much lower then I'm still on this ride.
Right... A terrible market for investors who don't understand how bitcoin is driven. Although the case of the fall in the price of bitcoin is not the same from year to year, this technology is quite well used in the financial sector. Anyone who is familiar with this technology, surely will not leave it. For some traders, this might be a nightmare.
newbie
Activity: 33
Merit: 0
November 21, 2018, 09:03:30 PM
#7
This is why you shouldn't be worried and should understand how bitcoin works

https://i.imgur.com/ae9sK3J.jpg

ps. sorry I don't know how to load an image  Grin
can not agree more. we should not worry too much. just believe in your investment and keep holding.
jr. member
Activity: 434
Merit: 9
November 21, 2018, 07:52:06 PM
#6
For me, as long as bitcoin is fighting and have resistance then no point of worrying too much. As long as I can see that there's still people buying, using and trading bitcoin and there's resistance to go much lower then I'm still on this ride.
copper member
Activity: 98
Merit: 16
November 21, 2018, 07:41:45 PM
#5
That's how the market is, there is a bullish tend and a bearish trend. when there is a bullish trend, Often times we forget that it's not there forever and don't remember to brace the ugly bearish trend which happens afterward.

Today I read about what's happening the stock market and realized that it's not only happening in crypto. So we should just keep strong, this won't last forever
full member
Activity: 616
Merit: 100
November 21, 2018, 07:29:53 PM
#4
it just a specilation right? maybe it can't be happen and maybe happen, no one knows about it right? but if you believe in bitcoin you should know that bitcoin is the one interesting digital currency in the woel
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