Why all the freakout about Bitcoin's price? - page 2.

Vatimins

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Quote from: Squidoogeek on October 15, 2017, 04:42:54 PM

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...

Obviously, these people that freak out with every price dip are the people that are still new to the crypto world. And in this case, bitcoin. These newbies tend to panic a lot because of all the bullshit they get to read everyday from people can do nothing better with their lives but to spread baseless fuds about bitcoins. Which then fuels up their panicking. Worse is that most of these fud spreaders are people who don't even know what they are talking about. While, others do it for fun or for trolling, and others to make other people panick sell sonthey can buy low, most of them just wanna have something to say about the big thing being talked about.

So likewise, will buy, hodl, and back again.

Indrawan77

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Well a lot of people is trading using bitcoin, so a small fall or rising is very valuable for them, some people make a living using bitcoin, and big whale heavily invested in bitcoin so a slight rising can be a huge profit for them, if the price is stable and keep on rising, it show that bitcoin in a positive trend with a lot of investors, so price is very important

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Quote from: Dalmar on October 16, 2017, 06:32:21 PM

Quote from: benh on October 16, 2017, 06:29:57 PM

They always say that financial markets hate uncertainty and the forks seem to be causing a lot of uncertainty.

Uncertainty is nature of this markets and noone can predict preciously future prices.Fork news attracts new investors to this business and everyone is excited to get free bitcoin gold. Prices will see deeper levels after fork because new selling wave will not respect to anything.

Can you take advantage and opportunity from it? bitcoin is popular because it is controversial and highly unstable, but as it moves quickly and is able to provide consistent income, then no one thinks of its negative impact at all, in this uncertainty, we can continue to struggle to make them viable and more stable, especially supporting regulation legally.

Dalmar

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Quote from: benh on October 16, 2017, 06:29:57 PM

They always say that financial markets hate uncertainty and the forks seem to be causing a lot of uncertainty.

Uncertainty is nature of this markets and noone can predict preciously future prices.Fork news attracts new investors to this business and everyone is excited to get free bitcoin gold. Prices will see deeper levels after fork because new selling wave will not respect to anything.

benh

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They always say that financial markets hate uncertainty and the forks seem to be causing a lot of uncertainty.

JeffBrad12

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Quote from: DoublerHunter on October 16, 2017, 01:58:48 AM

They have got freaked out because the price of bitcoin surges a lot and it surprises all of the bitcoin holders because the price just got up to more than 5,000 USD and it is really amazing because you can easily get a lot of profit in just a short time and it is even more better than forex trading which is very risky and also the stock market that doesn't have a high return.

and also this current price is All Time High that make people got excited, there's so many people have speculating about the ATH that's not reached for pretty long time and after the dump that caused by China, people are losing patience to the price of bitcoin.
and now finally, the ATH reached and people are happy that they're holding their bitcoin since then.

DoublerHunter

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They have got freaked out because the price of bitcoin surges a lot and it surprises all of the bitcoin holders because the price just got up to more than 5,000 USD and it is really amazing because you can easily get a lot of profit in just a short time and it is even more better than forex trading which is very risky and also the stock market that doesn't have a high return.

keycellko

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Quote from: Squidoogeek on October 15, 2017, 04:42:54 PM

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...

When you look at it in a bigger perspective, it does matter that the bitcoin price is fluctuating. If it goes up i'd be happy and if it goes down id be sad. And for others who own other altcoins besides bitcoin, most of the time the price of bitcoin will affect the price of the altcoins so it really is a big deal.

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Quote from: Squidoogeek on October 15, 2017, 04:42:54 PM

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...

As far as I can tell the ones that freak out about it are those that have bought at high prices. Anyone who has been sitting on a profit for a long time is going to be much more relaxed about the next dip. If you bought at under $1,000 why would you care if it drops back from $5,600 to $4,000. If like me you've been in this for much longer you will have seen it all before a few times and it always comes back.

Kakmakr

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You might not open your wallet every day, but you will quickly look at the price to see if your investment has lost or gained some value, since you acquired it. Most of the people bought bitcoins as a investment and they monitor the price to determine when they can take some profits.

I monitor the price every day, because I buy on the dip and sell on the high end. ^smile^

mistanama

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Increase and decrease should not be problematic. Because it's just our market. It should still be appreciated because of this we will earn more money. You can just hang around with its tracks. You can live here in trading, bitcoin work and more.

FrankNoland

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Quote from: Squidoogeek on October 15, 2017, 04:42:54 PM

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...

In my opinion, I think since you are not into trading and you are just holding for long term, I wouldn't say that there is a need for you to check up on your investments every now and then. Since even if bitcoin pump, you won't sell since your intention is to just hold.

However, if you are a trader, I suggest that you keep a closer eye on the market so that you can know which coins are pumping and which ones are dumping, and to further make better profit. I personally keep track of all my investments and I don't think there is anything wrong with doing that either.

ipanks

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i think most of people is care when the price is down, for example if we only have small bitcoin amount and we want to withdraw $100, then we need more than 0.01btc if the price is down too far. but if the price is up, maybe we can use only 0.01btc or less to withdraw that amount. bitcoin user is not just some people with big amount in their wallet but there is a lot of people which don't have big amount of bitcoin so they are trying to earn bitcoin and when the price is down, they considered to waiting when the price is increase again. but personally, i am not too care to see the price is up or down, if i want to withdraw, i can directly do it without thinking about the price.

Ewox

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Mostly people are freaking out because of Bitcoin skyrocketing its price before the fork is happening on the 25th of this month, just like what happened on the last fork with Bitcoin Cash. And altcoins are crashing down as well so people are really freaking out of the prices. But I'm expecting the bitcoins price will dump right after the fork happens.

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Quote from: Squidoogeek on October 15, 2017, 04:42:54 PM

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...

for me i dont care about the price if it go down a little i will still use it to buy good or convert to cash
but if go higher a lot in just a week or month i know everyone who hold is happy for me hold and use because i dont buy bitcoin

rcoins0720

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Quote from: MiningSensei on October 15, 2017, 05:43:52 PM

I think that we all are in the same situation, maybe this is because we both are very introduced in all that bitcoin concerns, or maybe it is just because most part of our lives depends on bitcoin on the earnings that bitcoin gives to us, maybe both, who knows? i am constantly checking the charts, to track the progress of my investment, and there is nothing wrong with it, i love bitcoin, and i am always checking for updates and for news about it.

Me !! I checked everyday hows the bitcoin price varies and studies when it will go ups and down... I am new to bitcoin and start to join campaign but I am looking forward in trading . I want to leatn more thats why I may consider as an crypto addict but not that much the post was just like me eager to learn more and new updates everyday

Images21

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Quote from: Squidoogeek on October 15, 2017, 04:42:54 PM

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...

This is something that newbies in bitcoin should learn to do. Beginners have the strong tendency to check the prices of their bitcoins and altcoins almost every minute. And when they see some price decrease, they react immediately with panic. In the end, they will lose some future profit. They are better off forgetting their investments so that they won't be panic selling.

lighpulsar07

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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.

NoomDalv

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Quote from: AtheistAKASaneBrain on October 15, 2017, 06:10:59 PM

There are a lot of kids getting into crypto nowadays that get 50 bucks from their parents, buy BTC on Coinbase, don't even know how to get the BTC in a local wallet to protect their money, and all they do all day is look at bitcoinwisdom.

The price goes up $1000 in 3 days and they get used to it, but goes down $200 and they freak out, it's pretty comical to see.

If you have been here for years like me, this is another day in the office. And by the way, the price is skyrocketing again. There was a correction for some reason, and now it's quickly climbing back to $5800. Next attempt is for the $6000. We still have time until GarzikCoin aka segwit2xCoin crashes the market.

And when will this happen? anytime soon? is btc supposed to skyrocket after segwit2x, or the opposite?

Yakamoto

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Quote from: Squidoogeek on October 15, 2017, 04:42:54 PM

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...

People are freaking about because there is a new ATH and the value is actually pretty impressive this time around, it isn't some kind of minor increase by only a few hundred dollars, it is literally a full thousand dollars larger in value, which was accumulated over just one or two days, I don't know since I wasn't paying much attention. Converting to fiat is something people use to compare it against the same economies, and it's just a good measure of the demand since there is nothing else to be compared against. If you can wait weeks without checking the price in your wallet then you're good. But buying and hodling is always a good strat if you want to make a fair amount of money.

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