Topic: TROUBLED, PANIC ? READ THIS (Read 962 times)

I don't even have the #3 .
I guess the #4 fact is a slap in the face for those who can't hold their coins that longer due to panic attack. It's not like the economy circulates solely around them anyway.    I never read that much from the FUD post here in the forum. When I see their title is like to scare the holders, it's either I ask them what's their analysis in their speculated scare to people, or I simply just ignore them especially when the thread extend from like 10 pages already.  I am pretty sure that some holders wouldn't buy it to believe though.
I wanted to emphasize that #9 since a lot of people seemed to forget the aim of Bitcoin in its potential. It looks like more than 50% were purely looking for profit, that's why they claim that they use Bitcoin while they're really not.
Gave you a merit for this one as I hope the panickers would read this.

They're seeing their money dwindle down and they're not prepared fot it. That's why people panic. And you can't blame them since it's just human emotions that ignites this. Not everyone has the same mindset as you.

And if the case, it is necessary to diversify the risks always. If a year ago I would have bought a modest apartment for money spent on cards, now she would give 10 times more mining. And if I had bought the maps 2 years ago, the mining would have given me 10 times more apartments. Therefore, it is optimal to take 1 apartment, several farms and average. In the end, it will still be a plus, but there will be less risks, because the entry point cannot always be guessed.

Bitcoin will continue to thrive because there are countries relying on it for their economy. Although Venezuela has it's own crypto currency the people are now forced into the crypto world and they will simply invest / use / switch to bitcoin.

Let your dreams stay big and your worries stay small.

The key to rising prices is adoption, and adoption continues in crypto, why do many people still doubt the future of Bitcoin in panic
too much? what you sell when prices are low because panic will make you regret in the future dude

Good thread with good tips and advice for all. I didnt see this when it was first created.
Negative threads tend to get more attention which shouldnt be the case
threads like this one giving good tips should have far more replies.

im still holding on what i believed only now. the rest i already sold it out. in this tough market we need money to survive. to who that didnt need extra money they sure can afford to lose but people like me. i need cash to survive. so it is a hard decision to hold too long. need to sell some so we can survive in the real world.

You're right I'm not alone, so there's no need to panic, and you don't need to think negatively just do what I am trying to take from the positive side, everything will be fine for Bitcoin, if everyone thinks like this, everyone will enjoy and still have kindness toforward.

I would like to react about centralized.
Decentralized coins is much better than centralized because centralized is more likely controllable by someone. Decentralized is more about touch me not governments and whatever that have motives to regulate all things with regards to decentralized tokens.

Thanks mate, you are very positive, I hope everyone will think positive and will consider your reasoning.
A lot of people now are troubled because they did not expect a big correction last year, but the tech is great, it's only down due to big manipulation.

Still very positive for the future to come. I'm not troubled now. 

For those who doesn't have enough knowledge on whats Crypto then they would normally having these kind of comments towards it without even knowing the
full potential o crypto in the future specially Bitcoin. Troubled and panic cant really be avoided but if you do see the tech behind for longer terms you would able to see its importance.

You were right to say that. If the coin is traded, then it is good. So it is needed and its cost will increase over time. You don't have to panic if you have losses now. If you hold promising coins, then you just need to wait.

Yea this are same newbies that badmouth bitcoin and called it all sorts of names like ponzi schemes, hyips etc having been disappointed with the dump in its price forgetting that  investing in btc is a long term investment, every individuals, exchanges etc is affected by the bearish market then why would I complain about the market.

That’s too greedy for the newbies to enter the market without enough knowledge, and they panicked because they are just thinking about how to make easy money and being scared by the whales through negative news. This is a normal scenario every time the market dumps.

many new investors who enter Cryptocurrency without doing their research or knowing the basics first so that many are easily panicked and then make the market more down after the panic that affects others as well

same here, can you say the name ?

yes thanks, not to mention that lot of companies are working on implementing the blockchain

Articles that trigger positive thoughts for people panic,well are very good explaining in reality the state that prohibits crypto is still used by everyone who is there.The FUD article about the fall of BTC all triggered panic and they were trapped in a dump taken by the FUD spreader,by the way I agreed on your thread to develop positive thinking for panic people.

I do the same thing in this market. I'm a newbie compared to some of the people who were here in 2013 -15 bear market, but I read about it and chose my strategy when I first bought Bitcoins. I told myself that I will be very cautious at first and try to get all the invested fiat money back as soon as possible, and then hold. I'm selling only when the price is on the rise and hold when it goes down. It's the game of patience. The impatient ones will sell when it's going down because they need fiat money. I don't need fiat, I can live without a new car or a new house.

This analysis is indeed very interesting, and hopefully it can be good news for bitcoin holders who still doubt the future of Bitcoin, so they don't panic, because in the world of commerce there are always people who come and go, so if we don't survive, the lucky ones are people who remain loyal with their commitment to continue to collect bitcoin at very cheap prices.

Investors have trust and believed in bitcoin it will recover in the market very soon. It's better now to collect more coins and hold and invest it cause one day you're investment it grows in high profitable income.

I also like you can't get anything important. I'm sure and confident and praying is enough, I think so and thank you

The real question is, how long you can hold your bitcoin? How if bitcoin value back to $19500? Will you sell your bitcoin?

I'm same with OP. I'm prefer go big or go home, that's no make sense if we sell our coin now, it's already too late though.

well with you explaining how much you have lost in crypto it is enough to prove that this industry is very dangerous and risky for investors, especially beginners. but I really appreciate your trust in bitcoin, your analysis of what is happening in the bitcoin market can be said to be true, but your advice only applies to fellow holders, while investors who are just entering the market need more mature consideration than trust.

You're right. Now it makes no sense to fix the loss, because we have already lost too much. We must continue to believe in crypto. Or learn to trade to make a profit even in this situation in the market.

I agree with OP's statements and with the current market condition of btc, I would say people are now  affected with the market crush and most likely prefer to hold their btc until it may recover again. The current situation is a reverse of what had happened last year and  most probably there will be no bull market this month as everyone was expecting to happen. In such case, if market condition will continuously drop, need to use their btc for their payment transaction so that btc will continue to evolve in the market.

Basically there are many indicators that show that bitcoin will not die. But many of us don't pay attention to it, maybe because it's too panic

Everyone from hodlers to investors to miners are losing coins now. The only smart thing to do is to convert it to stable coins, but that should have been done weeks ago. Bit late now i'm afraid

https://www.namepros.com/a/2018/12/121476_db8dff7903e39a646f34a3f1ba84d03e.png

Good points by the OP.
A lot of people need to realise that you havent lost anything as long as you
dont sell at a loss, even stock market traders know this. It is not unique to
crypto.

You are quite right, it is not enough to believe or not to believe in bitcoin now it is necessary to support bitcoin . In order for bitcoin to start growing, it is necessary to maintain its price .  But now there is a reverse trend to reduce the cost of bitcoin lower and lower . And this is already alarming .

Well, it is good someone has tried to make sense of the situation and even shared his ideas to public. Some points ARE really valuable.

This is the actual problem where people think that the price of bitcoin is assigned by their "believe"/"trust". Everyone "believes" on bitcoin and other crypto currencies. They "believe" that the price will increase. But what are they doing to help the value of crypto currencies to increase other than just investing and sitting on the corner? Just believing won't help us in anyway. We should come forward and help to develop the full potential of crypto currencies as much as possible.

Actually I'm still on profit because I play btc when the value still $ 299/btc , 4 years ago.
When the value reach almost $ 20.000 , I'm just sell 0.05 on $ 17.500 and still hold the rest because I believe it could be higher and the fact says the opposite.

Do I still hold the rest ?
Yes, because I'm an investor !

As long as one invested properly and not out of greed, hodling on should not pose much of a grave problem,i think those who are really panicking are those who invested a ton more than they can actually lose.

@OP thread really shows in depth knowledge of the system and I think everyone should key into what was said in the thread
It's all about being patient,bitcoin isn't ending as most people want us to believe,it actually just got started

i have read your thread analysis and i am really admire and yes you are right and we know that market will be ok very soon.people trust bitcoin thats why they are buying.

this is only showing once again who invested in bitcoin irrationally and emotionally and who invested in bitcoin after extensive research and because of its technology and the potential that it has.

the first group are the ones that usually invest a lot too, and they always panic. and the second group is always investing more logical amounts that they can afford to lose and never panic.

people should try to be in the second group!

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.

-----------i am trying to get positive content here-----------------reserved

to all panic sellers,

WHO AM I ?
1> HODLER
2> Guy who lost 80% + on alt coins [around 130 BTC ]
[ means not only btc price is going down, the amount of bitcoin i hold are going down too]
3> my mining farm is not able to cope even my daily expenses
[ yes i am mining and i will keep mining no matter what]

Facts :
1> btc is down, accept it.
2> btc is down for everyone, 10000s guys like you have there money in it, you are not alone
3> so you say that you are down 70% down on your investment, how can you be down if you not sell, you bough XXX btc, which is same amount now.
4> market is not stupid
for every guy selling = there is one guy buying

Understand this
if there is no trust in crypto world then market would simply go to zero if it fell even 10%, everyone would start selling if they don't believe, and no one will buy it.
5> this forum is being manipulated by fake panic creating posts, by newbies accounts.
6> BTC trading is banned in INDIA, CHINA and people are still investing. cause our governments are corrupt.
7> all small nations are already full into crypto, people simple don't trust centralized money distributions
8> binance, bittrex, bitfinex are largest bitcoin exchanges, they don't make money in $$$ dollars, they make profit in crypto, did they shut down there website ? no because its been used now more then over.
[ they own top 10 biggest balance bitcoin addresses, are they selling ? no]
9> everyday lots of applications and companies are implementing crypto, so forget the price, use case is exponentially growing
 

REMEMBER : MARKETING TIP if you ever wanted to exit a market leave when it goes 20%-30% down, and that time is long gone, so the best a& wise decision is to hodl and smile at these whales manipulation to buy bitcoin lower

Whats Best Now ?
1> open you exchange place sell order at 7X Amount you bought, and enjoy movies and games for a while.
2> Hold on before investing in ICO at the moment.


COINS you should trust:

1> minable [POS POW etc etc]
2> not centralized

here is the full list, https://coinmarketcap.com/coins/views/filter-non-mineable/

dump rest of centralized shit