Topic: You guys need to relax (Read 2728 times)

Sure but having control of your emotions isn't that easy for many people the last few months.
Especially right now a lot of people are confused.First the never ending debate about blocksize and dirty smear campaigns with the attempt of a hostile takeover via massive coordinated amount of FUD from inside and outside (mainstream media). Now we see an alt getting pumped like hell and these are panicking again.
So I can understand that some people are shitting their pants, especially the newbies.
But indeed there is no reason to freak out.

you're smart op, people really need to relax, people probably will lose their bitcoins if they won't go long term, maybe eve will create panic with selling bitcoins, also people needs to don't be afraid when price falls by couple of dollars, price will rise again

Yup its because of the bottle neck that happened thats why the price is going down...
But i doubt that the cetralization will happen, there will be movement and im sure of that...

I think a majority of the reasons for the downturn were caused by the blocks being filled recently, and I have a feeling that what you're saying is true and there'll be a movement towards adding the additional 1MB to the blocks.

In a way this'll be a good thing, but if this movement causes the blockchain to be more centralized it'll definitely be a bad thing.

It still believe that bitcoin will surely gain again,whats happening right now maybe have something to do with the whales...
As they will gain more from this and eventually be more richer...
The 2mb size will be implemented soon as chinese miners wont allow bitcoin to die...

bitcoin is well established. It is developed constantly. Although the core developer is not keen to release the 2MB block size increase sson, but it will eventually.

I think if you wait a little Bitcoin will grow.
Then we have all profit and can sell it for more money or trade.
So we can relax or just more invest in Bitcoins to get more money.

I`m in the same boat sort of.

I got bitcoin around mid high of $200ish. So just been sitting on it, and you have to really walk away from price swings like you and I did. Dont care about the price, but just continue doing your daily grind and check back a month later which I do.

Its a gamble to some, but I`m willing to hedge time, based on so many VC money pumped to make bitcoin happen.

It has very little to do with whales and more to do with no one really knowing exactly what Bitcoin is worth. I agree though, day to day price movements mean nothing. Bitcoin is a high-risk investment. Either hold on for the long run (unless you have what it takes to day trade) or get out. If you are going to freak out every time the price rises or falls $20, Bitcoin is not for you.

The market now is really very stable but still there are panic sellers who are willing to sell their coins for a lower price as well. If users don't commit to bitcoins regardless of the price, then bitcoins aren't for them. I bought my coins when they were 500+ and am still holding them and not panicking.

Lol, OP speaks the truth, well at least I'm on the same page really. Bought back some months ago at $230 and I'm just holding and growing my share. I don't really care about price fluctuations. Bitcoin has grown every year, but there were always a lot of bumps along the road. So unless you are very good at trading (which in Bitcoin I don't think it's really possible, there are no rules) you should just hold and buy when you see an opportunity.

relax here is something you need to have.
dont panic when price is changing or something similar, invest in right moment to get more profit
buy if have opportunities for more btc and hold it

You're right, buying and holding is the best thing to do right now.
It really doesn't matter if bitcoin goes down a bit, bitcoin will go back up eventually.

The market is behaving pretty normal to be honest. I am not shocked if the price goes up or down $50 in a day. I have seen this happen already and used that in my advantage to benefit from it. Other people should do so too.

Im relaxed and this ups ans downs doesn't bother me. I just don't agree about gambling. Its nice thing to earn something and to have fun in the same time.
Viva la bitcoin!

Not many users left bitcoins in the recent months as if you check the market graph, January is the month with the maximum number of transactions taking place which means that more users have been using bitcoins now due to the price hike.
For regular users it is not a great thing but the price does matter for many who just trade in BTC. I don't think it may reach $650 soon until halving.

Exactly.  The volatility is too fun to watch.  It also means there is significant interest.

The problem is, people rely too much on others in order to make a logical investment decision.

If they see the majority panicking and freaking out, saying the price will drop to zero, then they will most likely take that into account. Especially if those users are legendary or hero on this forum and are seemingly more credible, they will listen.

To all newbies: this section is called speculation as it is for speculating on the price. It's not meant to determine your next investment decision. Bitcoin is a commodity that rises and falls every day, but (and here's my speculation, don't take my word for it) the price will be rising soon.

The best thing to do if you want bitcoin, don't invest all your funds in it (AKA don't put all your eggs in one basket). Invest only what you can afford to lose and if the price does drop (even $100) don't sell. It will climb right back up again.

Whale machinations are still TA based. Good TA is still responsive to points in the chart where either selling or buying pressure is exhausted. If it weren't the case, then you wouldn't get folks who have traded BTC recently, despite all the Fuck You moves and the nonsensical ramps, dumps, and yet more ramps n dumps, absolutely killing the market. Beleive me, I know guys who are tanning BTCs arse right now....unfortunately, Mr Scratch Trader here just aint one of them.

But TA...

This section would be a ghost town without the panic. I find it kinda funny watching the sentiment swing from despair to euphoria within a handful of dollars. It tells a pro trader that there's a ton of money to be made scaring the people involved in the markets.

Sure,that small up and  down it just a game,some idiots are leaving btc,in fact good for  btc,people panic
sooner or later btc will  reach  650$ and  lets see

And next to getting all excited about whales pumping and dumping BTC all over the charts, in order to wipe out the little guys, is everyone hopping up and down getting excited about the least little bit of BTC related news, in the widespread belief that it really is *news* that drives Bitcoin. If that Mike Hearn *news* came out prior to a whale Pump cycle, then they probs would have ramped on that news, and a positive spin would have been put on the Mike Hearn story to 'explain' the ramp and the little guy would have piled in in his usual FOMO fashion.

BTC is cashcow to Chinese Bitcoin cowboys which they also use to get CNY into USD, i.e. Capital Flight.  Just look at where the last low was $470, right beneath the $475 base for the whole of the last ramp. How many little guy Long Stops do ya think got triggered there? Or what about the break out just above the key $400 resitance? How many Stop Loss Orders do ya think got triggered there? BTC market moves are 90% bullshit.

*Real* organic markets, determined by mass movements of the herd do not behave like this. This is how cornered and totally rigged markets move. Like traders are being asked to bet on mechanical donkeys, whilst the guy who operates the donkeys, ensures that the one with the least bets on it wins, with all the losers bets being swept up by the house.  The key to knowing which way Bitcoin is going to go next, is to look at a big exchanges order books, and see where the most Stops are. Because THAT is where Bitcoin is generally going next........Unless we have genuine Buy-In or Cash Out event, which again, are determined largely by Chinese Bitcoin Cowboys capital flight operations.

Mainstream media has massively overblown his statement and leaving bitcoin development.

This has caused a dent in the price, which has corrected for more than 50% back to normal already.

Please go ahead and leave bitcoin with him, but don't come crying back later.

OP is right. Stop pooping your pants when the price is tanking.

Long term is our goal so we keep holding our coins firmly and with pure dedication.

Short term action is only good for day traders and people that know what they do, so stay away from it when you can not handle trading at this level.

Average Joe's and other newbie noobs - Uhhh what does that mean!?

Smart traders - Have you figured this out just now?

Whales and other wealthy investors - You guys are fools, we will eat you guys alive!

Yeah many people are getting paranoid on a small drop price,
But you can't blame them they're just being cautious that bit go down completely. But some people are making it exaggerated by posting bitcoin is doomed just because they saw a price drop.

I know right. People are getting all worked up on this whole Bitcoin is dead thing. We need to stop.

Pardon me.  You're actually right.  Buy and hold is the way to go.

What is this "relax"?

 9-)

Lol it's the trading that produces the price swings in the first place--you might want to pick up a finance textbook or something.

As for OP I agree.  But there are so many young noobs here who haven't experienced life or markets for all that long.  It's easy to get excited.

I wonder how are the hodlers who bought some stash above $500 are doing.. I hope they are still doing fine

It's not likely, but if the price crashed to double digits most people with that strategy wouldn't be relaxing and saying it's only money. They would be mostly blowing fuses. Bitcoin isn't predictable, and if it does go to the moon it might not do it when everyone expects it to, it might go down first. I think $150 was the bottom, but that's only me guessing, I could be wrong.

Quite true. Price goes up and down but it is not nothing to panick about.

They are a big parts of crypto and a big reason why i am here to be honest. The volatility can be your best friend or worst enemy,depending on like you said- your emotions at the time. Fear is for suckers who have invested more than they should have. I agree with op that people need to relax and not worry over the swings. More important things for our energies. 

NOOoo...

The price swings up and down and the emotions swing up and down and that is a big part of what makes crypto so exciting and attractive.

What would it be like if BTC just stopped at $400 and stayed there.. Boring...

I wonder if BTC would have less liquidity if it wasn't so volatile because many people would stop trading it.

You can relax. Believe me if bitcoin was a failed experiment it would have failed after the first year. Nothing lasts for 7 years in today's world unless it is a success. Its only a matter of time before people realize that and the price goes up massively.

The recent consolidation and correction of the last months and years is just people like Mike Hearn (fools who got lucky) selling to the people like Tim Draper (professionals). Yes alot of coins maybe changing hands hence the volatility. But bitcoin is not going away and eventually the price is going to the freakin moon.

Why not?
When I'm think long term, meaning many years, and only invest money I can afford to lose, I give a f*** what happens short term.
I put my coins in cold storage and just do nothing.

Think
Things look different when you invest short term or put more money in as you should because your greed is too big.

You can never really relax when you use that strategy. 

Mike Hearn isn't a real "Core dev" with his two or something like that contribution, so nobody really give a dime about what he saying. In addition he's not saying anything new. All the problems what he addressed are well known issues. The hard fork issue is different indeed, but we'll see how that's panning out. Maybe Gavin will fail again, maybe not. Anyway, nobody will loose pre-fork coins because of the fork, if not intended to keep using the "loosing" chain.

Very good thread and excellent main post. Good knowledge and good reasoning in everything written. Congrats to the Op (as for me). Appreciate most of all "the time for buy and hold". Would add if would be me the OP that "hold for a long time, so long that can seem "forever". For bitcoin is not the time to sell even after at least 5 years. So maybe would be better even if is told: "buy and invest" and not only "buy and hold". At least this what I am doing since three years. Not always successful but in this moment I am having very good returns from my invested bitcoin. In several options. And seems that will last. Lets hope so. I had only a little thing to correct at the main post. The gamble addict don't need at all to do something else. The only action that must do is to find a good doctor in order to not ruin much more his life and the life of his dears.

Do you follow Bitcoin at all? Did you hear about a Core dev quitting & calling Bitcoin "a failed experiment"?
About the impending hard fork looming over us, because, as it turns out, consensus ain't such a sure thing to reach for our conductors, even when our choo choo is chooching into a brick wall?



FLY, YOU FOOLS!

Yeah, its kinda funny to see especially the Speculation section turn into a cheering crowd at $10 increase and into a depressed, doomsday predicting mess at $10 drop. Though I gotta admit I've sinned too. Weak hands, panic-selling, panic-buying, thoughtless trading ... I've done it all. Better indeed focus on mid to long-term trading, unless you're a pro at daytrading ... !

Look guys. You need to relax and stop going crazy about small time price actions.

The whales will pump and dump just as the sun rises and falls.  As the whales pump and dump the small guys will lose their money to the whales. It is set in stone.

This is the time for buy and hold. The economy is going to crash and bitcoin is not going away. That's All you need to know.

PS. if you are a gamble addict and need some action do something else. Maybe $1/$2 stakes hold 'em. But honestly not bitcoin. You will lose.

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