Will you stay in crypto if BTC does not recover? - page 17.

BitHodler

legendary

Activity: 1526

Merit: 1179

Quote from: STT on April 23, 2018, 04:17:09 PM

I dont see the price is a reason to no longer have an interest in crypto.

For most people being part of this market for a longer while volatility isn't a disturbing factor, but for a lot newbies that's their daily reality. Price up is Bitcoin doing all fine, where price down means it's losing popularity.

It's broken logic not making any sense, but how do you convince them otherwise? They have to find it out themselves, because with how much information there is available, it clearly didn't help them to learn anything.

Or they simply don't bother to do any research. It might very well be a combination of both factors. Either way, they need to dive in the Bitcoin river to figure out how to behave and how everything is working here.

Losing money is the best possible form of education. If even losing money doesn't make you learn from mistakes, then know that you are mentally not capable of investing in any market.

STT

legendary

Activity: 4102

Merit: 1454

Quote from: mike4001 on April 05, 2018, 02:36:45 AM

Hi,

Just wondering if you guys will stay in crypto (aka hold or sell your BTC holdings) if the price does not recover.

Price should not matter as much as the underlying product being usable on a regular basis. Since December we've had both a price drop but also the fees have dropped far more to become of no impediment to business once again. The fees part of this is far more important in answering your question.

Speculators may dislike the drop but also people can speculate on a drop in price also, I dont see the price is a reason to no longer have an interest in crypto.

DennisM

jr. member

Activity: 30

Merit: 1

I survived the $30 to $2 crash, the $260 to $80 crash, the $1100 to $180 crash, and many more "recoveries" to come I will survive them as well.

Silberman

legendary

Activity: 2534

Merit: 1338

Quote from: gabmen on April 21, 2018, 08:12:38 AM

Quote from: Tigorss on April 18, 2018, 08:59:17 PM

I used to use bitcoin, I know how it feels to go down in price and I also know how it feels to go up in price, so I will never leave bitcoin until if bitcoin is really extinct, because I believe that someday the price will recover even up...

Well it's a possibility that btc may lose value but crypto is much broader than btc itself. In the future, eth or ltc or even alts like xlm and trx may step up to be a major player in the market. Crypto will continue even without btc because of the technology that runs it.

In theory most of those coins are already big players in the market of cryptocurrencies and yet while those coins can display some independence from bitcoin, when bitcoin goes up significantly or when bitcoin goes down significantly they are unable to resist the strength of the movement in the price of bitcoin and they begin to move in exactly the same way.

gabmen

hero member

Activity: 1246

Merit: 529

CryptoTalk.Org - Get Paid for every Post!

Quote from: Tigorss on April 18, 2018, 08:59:17 PM

I used to use bitcoin, I know how it feels to go down in price and I also know how it feels to go up in price, so I will never leave bitcoin until if bitcoin is really extinct, because I believe that someday the price will recover even up...

Well it's a possibility that btc may lose value but crypto is much broader than btc itself. In the future, eth or ltc or even alts like xlm and trx may step up to be a major player in the market. Crypto will continue even without btc because of the technology that runs it.

Ulan01

jr. member

Activity: 178

Merit: 5

Quote from: mike4001 on April 05, 2018, 02:36:45 AM

Hi,

Just wondering if you guys will stay in crypto (aka hold or sell your BTC holdings) if the price does not recover.

Lets say we are still around 6k-7k by December 2018 => Will you wait it out or give up and say "OK, we had a nice ride but we are not going up again"?

What about if in 2019 price is still hovering around 6k-7k and there is no sign of recovery to 10k+ (or even a new ATH)

I will remain on crypto even if the price does not recover. because in addition to the type of investment or trading business, there is still much we can do in crypto to generate income.

Tigorss

member

Activity: 308

Merit: 10

I used to use bitcoin, I know how it feels to go down in price and I also know how it feels to go up in price, so I will never leave bitcoin until if bitcoin is really extinct, because I believe that someday the price will recover even up...

thecodebear

hero member

Activity: 2240

Merit: 848

I'd keep all my long term holdings and probably just put a few thousand more $$ on an exchange to trade with. Even if bitcoin isn't booming you can still make money from the volatility through trading. I'd have no doubt even if it took a lot time that Bitcoin would eventually recover. When bitcoin was hanging out in the low hundreds forever in 2014/2015 i eventually sold everything at the low point in summer of 2015, thinking that okay that was it for bitcoin it hasn't budged in over a year. I will NEVER make that mistake again.

Besides, the only way Bitcoin is still at these prices in 6 months or a year is if the recent rise is a trap and it continues to slip down under $5k and the turnaround in momentum takes a few more months to even start. Of course if it did fall significantly again I'd be buying as much as I could.

imstillthebest

full member

Activity: 1638

Merit: 122

Quote from: BillCoin on April 18, 2018, 09:45:41 AM

Ofcourse I will stay.
I believe that most people answer for this question is no as most of the people who uses bitcoin do it as a speculation tool, but personally I am actually using the benefits that bitcoin provides, including fast transfers over the world+ you can transfer and receive unlimited amount of money without a bank operator calling you and asking you to provide more information while blocking the transactions.
There are many things that bitcoin provides to the community and that speculators don't understand.

your totally wrong. Why? Because most people here on the forum (not only on this forum) but majority of the population are verry poor. For sure people will just move on to another coin ( specifically profitable coin ) next to bitcoin and i think that is probably eth because eth right now has the second most big value cryptocurrency.

Quote

most of the people who uses bitcoin do it as a speculation tool

no it isnt true. Most people use bitcoin just for invement purposes and also for general usage or for spending and paying bills.

Quote

I am actually using the benefits that bitcoin provides, including fast transfers over the world+ you can transfer and receive unlimited amount of money without a bank operator calling you and asking you to provide more information while blocking the transactions.

There are many better coins that give you a better benefits than bitcoin when it comes to money transfer or payment purposes because you know bitcoin is not actually verry good to use as a payment method because it is known to be slow , expensive and lots of issues. All cryptos are also anonymous and you wont need to provide any of your personal details.

atjiat

full member

Activity: 1204

Merit: 104

Quote from: BillCoin on April 18, 2018, 09:45:41 AM

Ofcourse I will stay.
I believe that most people answer for this question is no as most of the people who uses bitcoin do it as a speculation tool, but personally I am actually using the benefits that bitcoin provides, including fast transfers over the world+ you can transfer and receive unlimited amount of money without a bank operator calling you and asking you to provide more information while blocking the transactions.
There are many things that bitcoin provides to the community and that speculators don't understand.

if you take into account The fact that Bitcoin can be the only international currency in digital format, then its functionality is fully understandable. But otherwise nothing like this can not be.

BillCoin

sr. member

Activity: 476

Merit: 259

Ofcourse I will stay.
I believe that most people answer for this question is no as most of the people who uses bitcoin do it as a speculation tool, but personally I am actually using the benefits that bitcoin provides, including fast transfers over the world+ you can transfer and receive unlimited amount of money without a bank operator calling you and asking you to provide more information while blocking the transactions.
There are many things that bitcoin provides to the community and that speculators don't understand.

Biso

newbie

Activity: 27

Merit: 0

I think it is important to separate traders (daily and weekly) with investors. If you want to invest in BTC or any other traded instrument, you should have sufficient knowledge and funds to know when to enter the position and be able to hold through the market turbulence. If you want to benefit from market fluctuations then it's probably better to stick to technical.

sgenuine

full member

Activity: 854

Merit: 103

Quote from: mike4001 on April 05, 2018, 02:36:45 AM

Hi,

Just wondering if you guys will stay in crypto (aka hold or sell your BTC holdings) if the price does not recover.

Lets say we are still around 6k-7k by December 2018 => Will you wait it out or give up and say "OK, we had a nice ride but we are not going up again"?

What about if in 2019 price is still hovering around 6k-7k and there is no sign of recovery to 10k+ (or even a new ATH)

I do believe that Bitcoin will recover and grow sufficiently. Yes, I am going to stay in crypto, as it has already become a part of my life and the way to earn.

northcoin2018

newbie

Activity: 89

Merit: 0

Quote from: mike4001 on April 05, 2018, 02:36:45 AM

Hi,

Just wondering if you guys will stay in crypto (aka hold or sell your BTC holdings) if the price does not recover.

Lets say we are still around 6k-7k by December 2018 => Will you wait it out or give up and say "OK, we had a nice ride but we are not going up again"?

What about if in 2019 price is still hovering around 6k-7k and there is no sign of recovery to 10k+ (or even a new ATH)

This is impossible to happened that the price will not recover in fact speculations are saying the bitcoin will continue to drop until 3k until May but early this month of April it has shown a pretty interesting rise of 8k and it has been staying at the price for weeks now..i am guessingn that the price will continue to rise.

lumeire

legendary

Activity: 1848

Merit: 1009

Next-Gen Trade Racing Metaverse

Quote from: Daimon88 on April 17, 2018, 07:46:36 AM

Quote from: PalindromemordnilaP on April 13, 2018, 02:11:35 AM

That's what actually i am doing because i've been hodling for a couple of months now. I believe that bitcoin will always comeback as i see it on the history of bitcoin backed by experts' speculation that bitcoin has not yet reached its peak.

Bitcoin is always bound to recover from dumps with greater force and there are many reasons which make this to happen for sure. In short, those who hold bitcoin and never give up on it even when the crazy new investors are dumping the legendary coin just because it is having some string dump, these are the ones who really enjoy big money by the end of every year when bitcoin crosses even 20,000 dollars.

It's simply a cycle of market ups and downs, and like with any other market the only thing you should know to profit is timing. Once you know when to get in and get out you're already pretty well equipped.

Daimon88

full member

Activity: 397

Merit: 100

Quote from: PalindromemordnilaP on April 13, 2018, 02:11:35 AM

That's what actually i am doing because i've been hodling for a couple of months now. I believe that bitcoin will always comeback as i see it on the history of bitcoin backed by experts' speculation that bitcoin has not yet reached its peak.

Bitcoin is always bound to recover from dumps with greater force and there are many reasons which make this to happen for sure. In short, those who hold bitcoin and never give up on it even when the crazy new investors are dumping the legendary coin just because it is having some string dump, these are the ones who really enjoy big money by the end of every year when bitcoin crosses even 20,000 dollars.

Trivelius

sr. member

Activity: 344

Merit: 250

Quote from: arpon11 on April 16, 2018, 01:45:36 PM

Bitcoin will recover I am very sure and I want to said that very soon We would start to recover and break the resistance level that will push bitcoin above $10,000. I have seen many articles written against bitcoin and cryptocurrency in particular but most of those articles cannot killed bitcoin even at the early stages talk less of now.

I am also confident about bitcoin price will surely recover the bitcoin price, bitcoin just need a slight push can we will see the bitcoin price to trade and increase its price. So i can say that our interest in bitcoin will increase too much and will give good profit to us. I myself has invested a good amount of money in bitcoin and now i am expecting to get a good profit from it.

aardvark15

hero member

Activity: 1008

Merit: 510

Quote from: mike4001 on April 05, 2018, 02:36:45 AM

Hi,

Just wondering if you guys will stay in crypto (aka hold or sell your BTC holdings) if the price does not recover.

Lets say we are still around 6k-7k by December 2018 => Will you wait it out or give up and say "OK, we had a nice ride but we are not going up again"?

What about if in 2019 price is still hovering around 6k-7k and there is no sign of recovery to 10k+ (or even a new ATH)

I’m just going to hold for as long as it takes for my investments in Bitcoin and altcoins to recover and to hopefully show a profit. I’ll hold even if it takes a few years.

However, I don’t think the recovery will take that long because it appears that a recovery may have started over the last week or so for many of the cryptocurrencies.

arpon11

sr. member

Activity: 882

Merit: 282

Bitcoin will recover I am very sure and I want to said that very soon We would start to recover and break the resistance level that will push bitcoin above $10,000. I have seen many articles written against bitcoin and cryptocurrency in particular but most of those articles cannot killed bitcoin even at the early stages talk less of now.

Silberman

legendary

Activity: 2534

Merit: 1338

Quote from: followmenot on April 08, 2018, 12:16:38 PM

Finally someone had courage to ask this question Grin

I am gonna say YES, yes with my all heart. I never thought crypto as "get rick quick scheme" when I first invested. I considered it as new alternative digital that may help me for tax evades, anonymity (small kinds), fast money transfer overseas etc. I will keep supporting it.

But what are the chances that that is going to happen? Very low I suppose, there is not a reason of why the price of bitcoin is not going to recover it may not happen soon but it will happen, so the best thing that you can do right now is to hold your coins and if you can, you need to buy even more coins that way when the price recovers your profits are going to be even higher.

Topic: Will you stay in crypto if BTC does not recover? - page 17. (Read 2020 times)