What the Effing Hell is Going On!?!?! - page 8.

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Quote from: Pipdips on June 27, 2019, 12:42:25 PM

What the hell is going on !?!?

Bitcoin goes up. Bitcoin does down. Can't explain that.

Seriously though, this is normal for bitcoin. The run up last time wasn't smooth sailing either. We hit $11.5k, then dropped back to $9k. Then we hit $18k, then dropped back to $13k.

The price essentially doubled in a month. As recently as April we were still at $4k. If you expected this run to continue uninterrupted to $20k, $50k, $100k, whatever, then you haven't been paying attention. I'm pretty glad we have pulled back now, actually. The run up was too much too fast - we were always going to see a correction, and if it hadn't come now, it would have been far larger when it came later, and many more people would have been burned. I hope we stabilize around $10-11k and sit there for a month or more.

My advice is always this: If you believe in the tech and the future of bitcoin, and are not actively trying to trade (i.e. you are holding for the long term) then short term daily to weekly price fluctuations don't matter. The price trend over months to years is what matters for you. Since the daily trends don't matter, stop paying attention to them and stressing yourself out unnecessarily.

Wilhelm

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Quote from: Pipdips on June 27, 2019, 01:47:32 PM

Quote from: Febo on June 27, 2019, 01:42:11 PM

Quote from: Pipdips on June 27, 2019, 12:42:25 PM

It's down to $10,900. It was at $13,600 yesterday. What the hell is going on !?!?

Like a fool I bought some at $13,600. Regrets?

Just hold. When bitcoin will be $100k you will fell like it was a good buy.

What is going on? Is market manipulation. In 2 days price went 25% up and now in on day 25 down. If you bought at 13k and sell now you will just give this people that manipulated market profit. So dont do it. But dont worry others will.

Okay okay okay... I am logging off. I need to chill and take your advice's.

👍🏻

Pipdips

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Quote from: Febo on June 27, 2019, 01:42:11 PM

Quote from: Pipdips on June 27, 2019, 12:42:25 PM

It's down to $10,900. It was at $13,600 yesterday. What the hell is going on !?!?

Like a fool I bought some at $13,600. Regrets?

Just hold. When bitcoin will be $100k you will fell like it was a good buy.

What is going on? Is market manipulation. In 2 days price went 25% up and now in on day 25 down. If you bought at 13k and sell now you will just give this people that manipulated market profit. So dont do it. But dont worry others will.

Okay okay okay... I am logging off. I need to chill and take your advice's.

Pipdips

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Quote from: tomahawk9 on June 27, 2019, 01:30:03 PM

Classic example of FOMO buying. That usually happens to newcomers who don't do their homework, you should've known that: 1) BTC is extremely volatile, one day it can go up 20%, next day it can go down 20% or even lower, 2) You just don't buy Bitcoin when is having a massive spike in the price, that's basic stuff, if you end up buying, you risk getting burned (if you're expecting short-term profits, of course).

Now that you know how the market works, all you gotta do is hodl (or buy more if we so sub 10k), don't be one of those weak hands panic sellers who dump their coin when red numbers start showing up on the charts.

I made an error buying at 13,600 but oh well. The first thing I read in the morning was the Coinbase news, then I saw the price dropped. I bought my coin at Coinbase yesterday at 13,600. Regardless of any of that I am not one to hold on after a parabolic is over and down trending, I would rather sell and wait. I think the parabolic is over with.

Febo

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Quote from: Pipdips on June 27, 2019, 12:42:25 PM

It's down to $10,900. It was at $13,600 yesterday. What the hell is going on !?!?

Like a fool I bought some at $13,600. Regrets?

Just hold. When bitcoin will be $100k you will fell like it was a good buy.

What is going on? Is market manipulation. In 2 days price went 25% up and now in on day 25 down. If you bought at 13k and sell now you will just give this people that manipulated market profit. So dont do it. But dont worry others will.

realsteelboy

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Pretty standard correction on a daily rocket ride.

10% up on the week. Cool

tomahawk9

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Quote from: Pipdips on June 27, 2019, 12:42:25 PM

It's down to $10,900. It was at $13,600 yesterday. What the hell is going on !?!?

When prices go up that fast, a drop/correction is bound to happen, such drop should give you a nice window to buy cheap before the uptrend continues.

Quote from: Pipdips on June 27, 2019, 12:42:25 PM

Like a fool I bought some at $13,600. Regrets?

Classic example of FOMO buying. That usually happens to newcomers who don't do their homework, you should've known that: 1) BTC is extremely volatile, one day it can go up 20%, next day it can go down 20% or even lower, 2) You just don't buy Bitcoin when is having a massive spike in the price, that's basic stuff, if you end up buying, you risk getting burned (if you're expecting short-term profits, of course).

Now that you know how the market works, all you gotta do is hodl (or buy more if we so sub 10k), don't be one of those weak hands panic sellers who dump their coin when red numbers start showing up on the charts.

Wilhelm

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Quote from: Pipdips on June 27, 2019, 01:13:03 PM

Quote from: Wilhelm on June 27, 2019, 01:11:04 PM

Chill the F out. Bitcoin can go both ways fast. If you missed that point then your TA sticks balls.
Bitcoin is no sure shot. Emotions will get you bankrupted.
Just HODL and you will be talking about how well you invested in a month.

I bought more at 3500, 4500, 5500, 8500, 9100, and 13600....

So you have one less optimal trade... Boo hoo 😎
Take it like a man and wait for the profit to come.

Pipdips

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Quote from: Wilhelm on June 27, 2019, 01:12:01 PM

Or pussy out at a loss Wink

The flesh eating monsters are eating me up inside.

Pipdips

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Quote from: Wilhelm on June 27, 2019, 01:11:04 PM

Chill the F out. Bitcoin can go both ways fast. If you missed that point then your TA sticks balls.
Bitcoin is no sure shot. Emotions will get you bankrupted.
Just HODL and you will be talking about how well you invested in a month.

I bought more at 3500, 4500, 5500, 8500, 9100, and 13600....

LFC_Bitcoin

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Quote from: Pipdips on June 27, 2019, 12:42:25 PM

It's down to $10,900. It was at $13,600 yesterday. What the hell is going on !?!?

Like a fool I bought some at $13,600. Regrets?

No, HODL until 12-18 months after the halving & you’ll be laughing. Bitcoin is a long term investment. I started buying in 2014 & I was in big losses until the tide turned. You might have to wait but bitcoin always goes up. Just be patient & trust in the process.

Wilhelm

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Or pussy out at a loss Wink

Wilhelm

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Chill the F out. Bitcoin can go both ways fast. If you missed that point then your TA sticks balls.
Bitcoin is no sure shot. Emotions will get you bankrupted.
Just HODL and you will be talking about how well you invested in a month.

The Sceptical Chymist

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Dude, buying anything when it's right at the top is a rookie mistake. My advice to you is to control your emotions, which in this case was probably fear--of missing out, and probably a little bit of euphoria that the price had risen so high.

IMO, bitcoin at $13k right now is scary. It should not be that high given that it was only at $3500 recently. When you get a price rise like this, watch out. I would recommend never buying at such a time but rather wait until there's a dip or a correction. In this case, we did get a dip.

Don't feel badly that you did what you did, but learn from it so you don't make the same mistake next time. No trader does everything perfectly, and you're not the only one who's done this.

Pipdips

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It's down to $10,900. It was at $13,600 yesterday. What the hell is going on !?!?

Like a fool I bought some at $13,600. Regrets?

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