Topic: Why all the freakout about Bitcoin's price? (Read 874 times)
The rate of bitcoin, the most popular and expensive crypto currency in the world, declined by almost 10% during today's trading, while investors react to news about the theft of crypto-currency from South Korean exchanges.
A lot of people are selling bitcoin, and when bitcoin prices go up, they begin to regret selling bitcoins, people are always in regret, and rather than waiting patiently to buy HODL.
People have this mentality normal, bitcoin up you regret it, or you collapse. Concerned about the price will only make you more panic, it is better to ignore it, to travel outside for some time. 
A lot of people are selling bitcoin, and when bitcoin prices go up, they begin to regret selling bitcoins, people are always in regret, and rather than waiting patiently to buy HODL.
and if people are selling their bitcoin, we should buy it because they sell at the lower price and after we get that bitcoin, we only need to wait for the price increases again. I see many people regret yesterday because they are panic and cannot patient to wait for the price is back to increase and now the price increases.
1) I generally only worry about Bitcoin's price when I want to buy a gift card or something. And even then, converting to fiat is someone else's problem in this scenario.
2) I can go weeks without opening up my wallet or checking the price, so it's not like I'm addicted, right? Right?!
3) Buy, hodl, buy, hodl...
2) I can go weeks without opening up my wallet or checking the price, so it's not like I'm addicted, right? Right?!
3) Buy, hodl, buy, hodl...
Yes, looks like you are not really addicted unto it, which is good for you and I guess you or no one should be addicted at all. We could like, love or even enjoy bitcoin but not to the point of getting addicted unto it. Maybe this could be one of the reason why people tend to bitcoin after a flunctuate on bitcoin price.
A lot of people are selling bitcoin, and when bitcoin prices go up, they begin to regret selling bitcoins, people are always in regret, and rather than waiting patiently to buy HODL.
There are some people that freak out, there are some who do not, and there are some who feel great. It actually depends on how bitcoin affects those people. People who trade and/or invested are the most affected negatively. While those who plan to buy get the positive side of the equation.
It's only natural for those people specially for newbie to panic when it comes to the lowering of the value of bitcoin in a whole month or let's say in the whole year.Most people are afraid of losing a big amount of money that's why they used all of their resources and exchange it in order for them to avoid their money getting wasted. People who's still new in bitcoin tend to believe to those baseless rumors and assumptions without doing any validation of information whether if it's true or not that's why they become much more pessimistic when it comes to this kind of situations.
1) I generally only worry about Bitcoin's price when I want to buy a gift card or something. And even then, converting to fiat is someone else's problem in this scenario.
2) I can go weeks without opening up my wallet or checking the price, so it's not like I'm addicted, right? Right?!
3) Buy, hodl, buy, hodl...
2) I can go weeks without opening up my wallet or checking the price, so it's not like I'm addicted, right? Right?!
3) Buy, hodl, buy, hodl...
Cause a lot of newbies in this space think that it is rare to have such big of a crash, and they are panicking because they've invested in bitcoin with more than they can afford to, at a price that was already 50 times 2015's prices.
People are afraid of losing out when bitcoin is going up, but they are also afraid of losing money when bitcoin's going down.
So even though the price of bitcoin seems to be extremely cheap at the moment, a lot of people are dumping at $6k, which is the bottom at the moment. Which makes no sense to me because most of these guys probably entered way past the $10k mark.
1) I generally only worry about Bitcoin's price when I want to buy a gift card or something. And even then, converting to fiat is someone else's problem in this scenario.
2) I can go weeks without opening up my wallet or checking the price, so it's not like I'm addicted, right? Right?!
3) Buy, hodl, buy, hodl...
2) I can go weeks without opening up my wallet or checking the price, so it's not like I'm addicted, right? Right?!
3) Buy, hodl, buy, hodl...
The crypto world now is shaking due continues drop of price value in bitcoin three consecutive times and they called it ultimate corrections,so that why all bitcoiners is in FUD condition either they hold or sell all there bitcoin asset,even me now in my decision is to sell my penny bitcoin and buy again later, if the condition in the exchange market going back to normal .People now is freaking out the bitcoin price because all altcoins also affected in this bitcoin value drops consistency and all traders and investor will afraid to huge loss of there investment.
well why not everyone will freakout regarding bitcoin price? the price gained a lot since last week and and it break another all time high this week. long term holders will ignore the price as long as it they have still a profit but for short term holders every hour counts they will freak out if the value loses 200 or 300 in one day.
You are right, only long-term investors can really make money, novice and short-term investors will face a little price fluctuations panic, their emotions is the ups and downs with the Bitcoin price, everyone must learn to manage their own mentality.well why not everyone will freakout regarding bitcoin price? the price gained a lot since last week and and it break another all time high this week. long term holders will ignore the price as long as it they have still a profit but for short term holders every hour counts they will freak out if the value loses 200 or 300 in one day.
You are right, only long-term investors can really make money, novice and short-term investors will face a little price fluctuations panic, their emotions is the ups and downs with the Bitcoin price, everyone must learn to manage their own mentality. 
Most people who are freaking out about bitcoins price are newbies or those who just bought their bitcoin late last year which was the highest peak price of bitcoin last year and maybe their on loss for a huge amount and making them feel there is no chance for bitcoin to increase back again. But just hold on to your coins, it will increase back again slowly but surely.
Hobbyist who occasionally gets paid for a job in Bitcoin here. Not like I earn a living with Bitcoin or anything.Apparently freakouters about the cost of bitcoin are those who have a number of whole bitcoins (not small). In this case, the price will strongly affect the amount of money in dollar terms.most of the users are like to invest bitcoin. But so many issues are create in current market. Because you are it in for the long term. Others do short day trading of bitcoin that's why its important to them to see the price and look at how they can earn short term.
1) I generally only worry about Bitcoin's price when I want to buy a gift card or something. And even then, converting to fiat is someone else's problem in this scenario.
2) I can go weeks without opening up my wallet or checking the price, so it's not like I'm addicted, right? Right?!
3) Buy, hodl, buy, hodl...
2) I can go weeks without opening up my wallet or checking the price, so it's not like I'm addicted, right? Right?!
3) Buy, hodl, buy, hodl...
Well for newbies, this price hike would really be pretty exciting. If it's the first time you've experienced this kind of investment where you can see thr price moving up, it's a normal reaction to freak out in excitement.
3) Buy, hodl, buy, hodl...
It's funny when people here in the forum spell HOLD as HODL. And it just amaze me how bitcoin culture change the people and the way they talk. These crypto-jargon is funny, and at the same time, a bit of confusing especially for noobs. 
Anyways, that's the case for most of the time. In crypto-trading, you don't have to be a day-trader, and you won't actually earn if you are a day-trader. And with the volatility of cryptocurrencies, there's no problem on holding it for longer time. BUY...HOLD...when the price drops, BUY again then HOLD. When the price significantly increases, then that's the time to replace that ellipsis in the end with SELL.2) I can go weeks without opening up my wallet or checking the price, so it's not like I'm addicted, right? Right?!
No. Just because you're checking your wallet regularly to see the price, it doesn't mean that you're addicted to bitcoin. That only shows that you're aware about the things that are happening to crpytocurrencies, especially bitcoin, including their prices. That is a good characteristic of a good investor. You don't have just put your money in bitcoin and do nothing. It is like sowing a seed and let it grow. You need to visit it everyday to check whether it is in good condition or not. Also, it is risky to leave your wallet unopened for a week or two without checking it regularly. Be responsible with your money. Unlike the local paper bills inside your wallet, cryptocurrency wallets should be check regularly so that you can manage your money base on the price changes.
We can’t blame anyone about it, it is mostly a human nature. Good for you, that you do have that patience and tolerance to this kind of scenario. Not monitoring much on the market price might help to start with but every person has a tendency of being negativity in things where we spend out money are.
Yes, its just human nature to freak about something you don't have total control. And as much as you like to it let go higher, sometimes it would go other way around. But I can't help it, I want to monitor the price to see how my investing is doing. But as I gained experienced already, I'm not that affected with a sudden shift if price because I'm in the long term side of it. Though it was scary during last month's crash, but I remain patience and didn't to one sell of my bitcoins. Look at the current price, its going red, I'm sure there are investors here freaking out because the price is down although minimal.
Ha ha, that's a good way. Me too. I often go to my BTC account, buy, buy, and go to my account in a couple of months
1) I generally only worry about Bitcoin's price when I want to buy a gift card or something. And even then, converting to fiat is someone else's problem in this scenario.
Everyone's affected by the movement of bitcoin's price. As a bitcoin user and investor, I have to make sure that I have a backup plan whatever happens to my bitcoins. There's actually no difference between YOU who use bitcoin to buy gift cards and US who use bitcoin to convert to local currency and withdraw. Also, there's a bigger problem on the part of investors since they're the ones who are working on cryptocurrency and their investments are greatly affected by the changes in the prices of these coins.
We can’t blame anyone about it, it is mostly a human nature. Good for you, that you do have that patience and tolerance to this kind of scenario. Not monitoring much on the market price might help to start with but every person has a tendency of being negativity in things where we spend out money are.
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