Topic: TROUBLED, PANIC ? READ THIS - page 3. (Read 961 times)

and this is the hardest mental test of the year before, many people have lost the current situation and some people still survive expecting the market to recover as soon as possible to convince the future

so indeed when the market is in a bad condition, a person's mental and psychology will change drastically, previously planning for longterm but seeing conditions like this, he immediately tried to sell even though loss was only to secure assets. If they wait for market recover to get a better price, that is not worth it

you are right but everyone make order for profit and everyone's prediction and pshylogy is different.i think its going to fall more and i sell, you read the graphic and decided its going to move up, you buy.thats how market works.

These MINERS are the people with all the shit-coin,

They're the reason the entire space is down 90%, and they own +90%, when they're done, nothing left but HODL'ers, probably retarded white hairlips

Just like 51% bullshit, hell if you want to get technical, this site is hosted by amazon, which is tied to alibaba, which is owned by jack-ma, who owns all the pools and miners, and mining ops, if you want to get weird u might even want to speculate that this entire 'HODL' was orchestrated by the OWNERS all along, including the post 2014 "HODL" narrative.

Lastly, MINING is KAPUT, miners if they're smart sell because mining is no longer profitable, and it ain't mining anymore when your losing money, a 'real mining operation' only mines when he's getting more gold from the ground, than the cost to extract that gold, once he can't make 2x ROI the mine shuts down.

So now we can clearly see that running bitcoin 'miners' ain't mining, its just heating the house ( very inefficiently )


IMHO the chinese ultra-rich (jack ma) who own all the crypto's by the fact they own all the miners, have all along sold-out as they mined, but they told the HODL-HAIRLIP to HODL the bag, now with MINING DEAD, and game-over, the end is near

GOOD NEWS in case you didn't know, in the last two years BITMAIN pulled out of mining, and got into ML, now they sell cameras that read faces and ID people, and that is their biggest business in China, ... they also sell DRONES that do the same thing, and LEO runs them in USA, its a business for BITMAIN that's bigger than CRYPTO

It's over, but don't tell the HAIR-LIP, tell him to HODL to zero

This is correct, Bitcoin has no financial support or regulations from any quater or sector. People's opinion of it determines it's value.
But this opinion (trust preferably) is built by progress in the network and advancements in the technology and not 'beleive' as most optimists preach.

Hodling is difficult, especially in crash periods, with no end in sight. Instead of simply hodling, you could pick up a few tips and try active trading.

If you really want to Panic ,
Read This => https://www.trustnodes.com/2018/12/06/chinese-miners-have-become-the-biggest-crypto-short-sellers-says-local-media

Chinese Miners are Shorting Bitcoin down to ZERO!

If the Miners have no faith in it, only the stupid are still supporting it.

This could really be the feelings of crypto holders who are really new in this kind of investnents , they feel troubled ,sometimes panic but this is normal to customers of crypto that they will experienced this kind of woories especially this current market falldown, but for relieve they can read and understand the advices of the experienced old members of this organizations.

Your 2017 profits directly off of the people that used cc debt and took out mortgages and now can't pay them back.

You are the winner at their expense. While they became the losers because no greater fools came in behind them.
 
What people forget, is for their to be winners in a trading markets , their also has to be losers.

I do admire the fact that you lost that amount of money on shitcoins and that you are still interested and supportive of Bitcoin. Most people in your situation would have turned "Buttcoiner" by now and they would have trashed posted this forum.

My perception of Bitcoin has not changed, since I bought bitcoins for the first time. I bought bitcoins with the goal being that it would be a long-term investment. and I follow the 80/20 rule of hoarding 80% of my new coins and using 20% of them as a daily "currency".

This has worked out very well for me, because I made a shite load of profits in 2017. 

No you won't, at some point losing money on a consistent basis will Break YOU!
And you will quit mining because the electric company cut power to your ASICS.
Known Design flaw in PoW, ever increasing input costs.


Actually No,  More are Selling than Buying.
If the sellers=buyers the price would be stable, it is going down so the sellers outnumber the buyers.



You're close with this one, but it needs clarification.
Only Trust Coins, that you can mine or stake and if need be : keep the entire network running yourself without help from others.
Any Coin that you can't personally make sure the network stays up (and can afford to do so forever) is just a gamble by you that a 3rd party won't fuck you over.


 

you have some good points here specially the thing about selling when it is still early (20% drop) and not selling when it is already too late and price is near the bottom!
but i don't like your categorization of coins to trust based on their mineability. there are lots of mineable shitcoins and there are a lot of not-mineable coins that are good projects. you can't just set aside some coin because it is not mineable or is not PoS or giving you passive profit.
not to mention that when it comes to profit and investing, none of these matter when it comes to altcoins. they are profitable as long as they get pumped.

Good call. Im surprised anyone is selling now considering (I'm guessing) most people would've bought at much higher prices. In addition, prices now are way below break even point for miners. At one point I was $45k in profit.....now my original investment is in the red. No worries, this is long(er) term for me....most probably for young sons in the future. Its going to take a couple of years until it recovers to anything decent.....fingers crossed for some 'good news' on the horizon. just ride it out. If anything buy more now so you're getting in at bargain basement prices and watch your profits rise as Bitcoin grows in the future.

Just another hodler's mantra

Nice Analyzation I admire your trust in bitcoin.

This is what they dont think every investors must think like this.

Dont look at the price equivalent on your investments.

Those 2 lines are technically right and well explained.

Investors must read this topic, thanks for the OP to enlighten some people who are giving up.

Bitcoin's needs us more in this kind of situation, dont panic sell and after seeing the price is recovering you will buy again at high price then sell it on low price you are just wasting money.

don't forget big casino like primedice stake, all use bitcoin, did they ran ? no they implemented more and more cryptos to there space. 

I didn't know that. That was the "ah ha " one for me. Thank you for that. I didn't know that they help so much. If they didn't have faith then they would be dumping as well.

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