Its not a fun thing when everything is dropping. I am a total newbie in crypto and last year I invested in few coins just seeing how it all goes and even bitcoin and steem. Every day for last several weeks, my investment just keeps dropping and dropping and seeing it every day is really tough and actually is making me quite upset.
I woke up to this SO CALLED ALERT on my phone.... not what you wanna see first thing in the morning!
Some of my friends told me to sell asap and just get rid of it all, but I decided its too late, i would lose money at this point if i sell anyway, so i decided to just leave it. See the chart for Bitcoin below
It will break my heart if i lose everything, as its all my hard work over the last year. But then I am trying to stay positive too and i guess there is only 2 options that can happen :
You lose all your money
You gain loads of money
I guess I have always been a risk taker and sometimes my gut feeling tells me what is right and what is wrong, at this point my emotions have taken over and i am not thinking so clearly. 2018 was supposed to start much better.... hahha :D
Lol, either way maybe its a good time to buy ? I saw something posted by @neilstrauss and it made me laugh!! Can someone explain human phycology?
It is actually such a good post, I mean really, we all talked about bitcoin rising and everyone I knew kept saying I wish I bought it sooner, I wish i bought it cheaper... WELL ITS CHEAP NOW!!!
Watch this video sent to me by @wingz it made me laugh and cheered me up! hahahah!
If you still need more motivation maybe watch this video by @joeparys , it actually makes a lot of sense and maybe I should be buying more coins?
Thanks for reading! What position are you in now? Are you feeling sad/ happy ? Are you indifferent, are you holding or selling? Its my first time through such hard dip, so I am taking it worse than most professional crypto traders!!
Hi @allasyummyfood, thanks for sharing yout thoughts on the market! I currently work in ICO consulting, online course creation, and now I am trying to move to Steemit full time.
My opinion is that if you look at the market right now, you will realise that there has been wave after wave of bad news in 2018, as well as hacks on certain exchanges, and scams of course. Many of these issues have caused people to sell, which has resulted in a general downtrend in the market; this does not mean that there has been a "bubble" that popped, but more that there has been an over reaction that fueled a downtrend. Honestly, I think that the markets have some bright times ahead of themselves, and I am holding out through 2018 at least to see what happens - I hope this helps!
Finally, I am also working on a project which I am calling the "Steemit Success Initiative" in which I try to grow Steemit, as well as increase the amount of daily active users. I would love to talk to you more about this if you have the chance to talk on Discord or Steemit Chat?
Thank you so much for the comment and its very positive and you are right there has been so many things to cause this downfall, maybe it is a good time to buy! at the end of the day its a huge risk which will either pay off or not! yeah sure drop me a message on steemit chat :)
No problem! I'm holding out from buying right now, but I generally do buy big dips. You're right, it will either pay off, or it won't! Perfect, thanks!
I know there was a wave after wave of bad news. I believe this was a conspiracy by governments and banks to short bitcoin. This was intentionally done to make people fall under losses and leave bitcoin forever.
The thing is that young generation is actually incapable of handling stress. Market is falling because people are selling. Looking at other's selling many others are panic selling. This in turn is increasing sell order further crashing down the price.
You could perhaps sell some, maybe 10% of your holding. I got burned by silver stocks falling after 2011. I held on all the way down until I lost 99% of my money on some small silver miners. If I'd sold at a 50% loss (when I thought it was too late) I would still have been sitting on nice profits. Even if you sell some, you are still diversifying out.
However, you have to make your own decision based on your analysis, I'm not a crypto investor, I prefer gold.
yeah thats a good advice and I know what you mean, part of me thinks shall i sell at least a bit, but then if i want to buy more shall i even bother? i dont want it to be like sitting and holding onto the last hope if it keeps burning down and going down!! i hope its going to recover thou!
I suppose it depends on whether you need the money or not. If you can afford to lose it then maybe hang on. I've been saying for months that people should diversify some crypto profits into gold, it's not a certainty but compared to every other market it's looking undervalued. Keep an eye on my posts, about half of them are on precious metal analysis.
yeah i will check you out now! thanks! i know i wanted to sell when it was at all time high, but missed an opportunity, now i am diversified but not in gold or anything!
@unclehermit I personally believe that people should diversify their portfolio. They should not go all in on anything. I also believe that people should not invest in things that they don't know anything about. The main reasons for this crash is the later. Many who entered this market were new comers. Sadly many lost their money while the old investors held on to it.
The crypto crash is a healthy response to blind speculation, following the crash what should emerge are the blockchain applications that offer the most utility. Things like asset backed crypto's, smart contract applications and those that will power the internet of things. I'm personally sceptical of pure cryptocurrencies such as bitcoin, litecoin, monero, etc. Governments will work to ban them and better technology will replace them.
In my opinion, it's because crypto experiences such highs and lows that freaks everyone out. I suppose that's one benefit of FIAT.
I personally don't think that people who are heavily invested in Bitcoin would ever let it permanently crash and they actually can do something about it. I mean if you had 10 million in Bitcoin would you just let that crash? Ride the wave.. I'm with you!
Hahha yeah I know that’s true! I have a small suspicious that they wanna drive the price down so the big fish can get more at much cheaper price and then rise it all up again. I’ll stay strong lol just hard watching it all disappear every day :(
HUGS!!!! Alla ❤💜💚💙
I am real new to all this too. I worked on a trading floor for a few years early in my career. I asked the guys some inside scoops on trading. Their answer 'buy low, sell high!' 😂 always a hoot with those guys back in the day. Don't risk what you can't loose, is another good one. HODL. I like that crypto jargon. Regardless what happens in the markets....everything is gonna be okay, if you have good relationships, food, water and shelter!! Much love to you.....and a dash of calmness ❤💜💛💚💙
I totally understand how you feel, watching it go and reduce day by day. I do feel about that with Steem and even SBD too. Just stay positive. Everything will be fine. You can sell half and keep half just to keep your mind at ease a little. Investments are always like that sometimes. Stay positive. You will recoup all.
yeahh of course i didnt mention, but i sorta in my head assumed it about steem and sbd as well, as the posts are getting lower and lower and it can be demotivating! thanks for positivity :)
I feel exactly the same way Alla but I've decided to stop looking at my blockfolio and just do other activities to stop me from looking and worrying. I believe now is a really good time to buy but at the same time trying to stay level headed and not make any rash decisions from emotions/fear of the red. I want to buy in more but think it is wiser to not invest anything more than I'm willing to lose. Fingers crossed hodling from now will pay off in the future.
yeah i know, im thinking maybe i should just ban bockfolio from my life for now! yeah its all the feelings that are here purely based on emotions right now! fingers crossed ;)
Anyway, if it makes you feel any better... The U.S. stock market is doing poorly also. It had a bad day Friday and suffered a historic loss Monday, and now people today are very concerned about where it's headed. As I understand European and Asian markets are also down considerably... The point is: it's not much safer taking money out of crypto now and putting it into other investments. (<-- not official investment advice)
yeah i understand! i see your point and i guess maybe its just a bad start to the year, tbh all money gets devaluated anyway so we just gotta wait and see! i know its all fear and greed and then people get scared! :D lol !such a bad cycle!
It will break my heart if i lose everything, as its all my hard work over the last year. But then I am trying to stay positive too and i guess there is only 2 options that can happen :
You lose all your money
You gain loads of money
I will go with option two, I don't think it will crash and never go up, the crypto world has suffered several attacks before and it always bounce back and grow stronger.
We will all gain for holding during the down time, I wish I add more fiat now, I will buy more coin, i see everything bouncing back and stronger.
Sometime in the future this same people will wished they bought now, but it will be too late by then, we will just start counting our profit.
Hahah yeah I know what you mean! It’s good to see so much positivity here and it makes me slightly less worried! Maybe it is time to buy more at this dip!
That @neilstrauss tweet nailed it perfectly on what I was going to say. It's just the irrational human mind doing stupid short sited things because for some reason, a whatever trend is going on, we think will last forever. In 3-6 months later people will be kicking themselves for not buying the fucking dip when it finally occurred :D Now I'm in observing mode and ready to start sniping some discounted crypto on sale; bought some STEEM earlier at $6 so it's a good opportunity to lower my buy average.
haha yes i know! its really bizzare to me! i know i will be buying more steem for sure, as its pretty solid and has a lot of backing and pretty amazing as a coin itself! time will only tell what happens in the future!
I agree, everyone wished they got in at 2000.00 and the 5000.00, it hits 15 and 20.000 peope wished they got in at 5-6- or 7,000.
Well here we are and people are worried, yes people lost a lot, those who bought in at 10,000 plus, really lost.
But here we are at a good buy in.
Watch the drop, buy little at a time, hopefully the bottom is close.
I bought another coins which I think reasonable to hoard ... at the moment ... still it among the top crypto currency I found that even how far the other drop in value...but the percentage of that coins still consistent....meaning it will strike at any time...
yeah i know what you mean! its just feels a bit low, but i guess in few months time things will look up! do you think any other good coins will survive?
@allasyummyfood we had been watChing your talk in Portugal steemfeast. I'm emotionally sad it's crushing as I have not cash out my steemit revenue yet but like you I can't cash it in now at its lowest what point would it make anyway ..especially so didn't cash out at 15.so I'll Just keep posting and pray it will go up as I'm. Hoping it's. My exit. Route from the eight hours work I am doing. Hug to you guess we all need that now. Stay positive @allasyummyfood
This might be the all time low and definitely will never happen again, maybe it will last till end of February and by March onward it will recover . Here is a great site of crypto prediction: https://walletinvestor.com/forecast. Make sure you invest on other you believe it has use like steem https://walletinvestor.com/forecast/steem-prediction. Cheers
Its not all bad (as my latest post claims) - you've just gotta trust in the future of the cryptosphere.
The value behind the tech hasn't disappeared overnight, and will only get stronger. Im fairly certain that in a few months time you will be happy you didnt sell!
hahah thanks so much! i do believe that its the future and it will change the space! just emotions are high i guess! i hope so, lets have this chat in few months time! hahh!
Just don't think about it. It can be going down for months, as we've seen in 2014 or 2015 charts. By the way, all stocks are down, including FTSE. It's inevitable it will eventually recover. Might take some time though.
I'm not really well educated about cryptos.. maybe something wrong with the trend of bitcoin and other altcoins. Even I also feel that frustration where for the past months I was able to get a high value from selling my SBD's and know it seems to be dropping.. I don't know what's going on. But sometimes we have to take risks not most of the time we can get what we want.. at the later part we learn from it.. and that is not to be a pessimist be optimistic rather.. don't worry maybe now you almost lost everything.. let us look the bright side that one day everything will back to normal..
This is not bubble... I am very sure this who will hold it, it will not lose in the long run. If you sell now... you fill lose a lot... just hold.
And steem... if steem hold up over 2 $.... this is strong... and very good.
Now that the correction is being done it´s time to buy, all the panic sellers are the same that the next year will be saying the same thing, "I wish I hadn't sold my BTC" and "Why did I not believe in the technology?"
I mean the song says everything... let's make this viral #buytheDip ahahah
Am a noob but if i have cash..i will buy some btc and some alts..then HODL.
They say it is correcting...so i don't worry too much, so long as i have enough money for monthly expenses.
If u sell now and loss some...better HODL.
In 2015-2016...btc was £250-350 each...dunno when u got urs, but they say that the price now is supposedly that. Well, about 7k prediction.
I feel you! But I know so many people highly engaged in cryptocurrencies that say it will come back and that beginning of the year had always been bad. Of course nobody knows what is going to happen but I think "fear of loss" is not a good advice-giver. Like you said actually it's the time to buy now, these ups and downs happened before. Don't get discouraged, I hope it will work out for us!
Human nature doesn't let us sell when we are up only 10% or 20%. No we need it to moon and even then we might not sell because we want more. When something goes up so much, it has nowhere to go but down its literally impossible to just go up forever. I've learned to take profits at 10% -30% and then just wait. Emotions in trading are no good, also favoring one coin can be dangerous....We cant fall in love with coins and we MUST TAKE PROFITS otherwise you go to the moon and back...which is no fun.
I also invest in cryptocurrencies and I think that we must wait for the market to change direction and increase. This will happen for sure, but we do not know when :)
We are all needing hugs these days believe me haha
Here is a pic of my portfolio app (delta) showing how low things are, poping alerts like crazy of low entry points i did set earlier january and i am also getting a lot of ATL (all time low)
i also decided to hold until it goes up back again maybe on march maybe on december.
Selling all at this point would definitely be a bad move, is all it amounts to would be a loss of money. Keeping cold head, exercising patience and firmly HODLing your coins through this storm is the only strategy to avoid losing your original investment. You may or may not want to use this period to buy more coins – they all are rather cheap at the moment. I myself am using every such "crash" to increase my cryptoholdings.
And, if you still believe in this technology, if you believe in the cryptocurrency projects that you chose to invest in, if you believe in its future potential, then hold on tight to your coins through this period of price crash and panic selling.
I am still confident that we will see the price of USD $5,000/BTC in 2018. Maybe it'll go even higher, but fifty thousand seems like a realistic milestone for Bitcoin this year. Some other coins (Ether, Dash, STEEM, EOS and a few others) might enjoy even greater gains this year. 2018 is going to be amazing for crypto, despite this rough start of the year.
Hi @allasyummyfood, thanks for sharing yout thoughts on the market! I currently work in ICO consulting, online course creation, and now I am trying to move to Steemit full time.
My opinion is that if you look at the market right now, you will realise that there has been wave after wave of bad news in 2018, as well as hacks on certain exchanges, and scams of course. Many of these issues have caused people to sell, which has resulted in a general downtrend in the market; this does not mean that there has been a "bubble" that popped, but more that there has been an over reaction that fueled a downtrend. Honestly, I think that the markets have some bright times ahead of themselves, and I am holding out through 2018 at least to see what happens - I hope this helps!
Finally, I am also working on a project which I am calling the "Steemit Success Initiative" in which I try to grow Steemit, as well as increase the amount of daily active users. I would love to talk to you more about this if you have the chance to talk on Discord or Steemit Chat?
Thank you so much for the comment and its very positive and you are right there has been so many things to cause this downfall, maybe it is a good time to buy! at the end of the day its a huge risk which will either pay off or not! yeah sure drop me a message on steemit chat :)
No problem! I'm holding out from buying right now, but I generally do buy big dips. You're right, it will either pay off, or it won't! Perfect, thanks!
I messaged you just there!
Ok sure I’ll get back to you when I can thanks
I know there was a wave after wave of bad news. I believe this was a conspiracy by governments and banks to short bitcoin. This was intentionally done to make people fall under losses and leave bitcoin forever.
The thing is that young generation is actually incapable of handling stress. Market is falling because people are selling. Looking at other's selling many others are panic selling. This in turn is increasing sell order further crashing down the price.
yeah i know what you mean, i can handle stress but i guess its different kind of emotion here!
You could perhaps sell some, maybe 10% of your holding. I got burned by silver stocks falling after 2011. I held on all the way down until I lost 99% of my money on some small silver miners. If I'd sold at a 50% loss (when I thought it was too late) I would still have been sitting on nice profits. Even if you sell some, you are still diversifying out.
However, you have to make your own decision based on your analysis, I'm not a crypto investor, I prefer gold.
yeah thats a good advice and I know what you mean, part of me thinks shall i sell at least a bit, but then if i want to buy more shall i even bother? i dont want it to be like sitting and holding onto the last hope if it keeps burning down and going down!! i hope its going to recover thou!
I suppose it depends on whether you need the money or not. If you can afford to lose it then maybe hang on. I've been saying for months that people should diversify some crypto profits into gold, it's not a certainty but compared to every other market it's looking undervalued. Keep an eye on my posts, about half of them are on precious metal analysis.
yeah i will check you out now! thanks! i know i wanted to sell when it was at all time high, but missed an opportunity, now i am diversified but not in gold or anything!
I like Gold @unclehermit ........... it is a pity that its price is isolated by the banks.
@unclehermit I personally believe that people should diversify their portfolio. They should not go all in on anything. I also believe that people should not invest in things that they don't know anything about. The main reasons for this crash is the later. Many who entered this market were new comers. Sadly many lost their money while the old investors held on to it.
The crypto crash is a healthy response to blind speculation, following the crash what should emerge are the blockchain applications that offer the most utility. Things like asset backed crypto's, smart contract applications and those that will power the internet of things. I'm personally sceptical of pure cryptocurrencies such as bitcoin, litecoin, monero, etc. Governments will work to ban them and better technology will replace them.
In my opinion, it's because crypto experiences such highs and lows that freaks everyone out. I suppose that's one benefit of FIAT.
I personally don't think that people who are heavily invested in Bitcoin would ever let it permanently crash and they actually can do something about it. I mean if you had 10 million in Bitcoin would you just let that crash? Ride the wave.. I'm with you!
Hahha yeah I know that’s true! I have a small suspicious that they wanna drive the price down so the big fish can get more at much cheaper price and then rise it all up again. I’ll stay strong lol just hard watching it all disappear every day :(
Yeah I get what you mean. Maybe you need to turn the alerts and stuff off..
HUGS!!!! Alla ❤💜💚💙
I am real new to all this too. I worked on a trading floor for a few years early in my career. I asked the guys some inside scoops on trading. Their answer 'buy low, sell high!' 😂 always a hoot with those guys back in the day. Don't risk what you can't loose, is another good one. HODL. I like that crypto jargon. Regardless what happens in the markets....everything is gonna be okay, if you have good relationships, food, water and shelter!! Much love to you.....and a dash of calmness ❤💜💛💚💙
Time will tell 🤞😊🦋🎶
hahah yeah i know everyone says that! well i am def holding now as its too late! :) thank you!!!
I totally understand how you feel, watching it go and reduce day by day. I do feel about that with Steem and even SBD too. Just stay positive. Everything will be fine. You can sell half and keep half just to keep your mind at ease a little. Investments are always like that sometimes. Stay positive. You will recoup all.
yeahh of course i didnt mention, but i sorta in my head assumed it about steem and sbd as well, as the posts are getting lower and lower and it can be demotivating! thanks for positivity :)
Very true. We will stay upbeat about it. You are most welcome. It will be fine.
I feel exactly the same way Alla but I've decided to stop looking at my blockfolio and just do other activities to stop me from looking and worrying. I believe now is a really good time to buy but at the same time trying to stay level headed and not make any rash decisions from emotions/fear of the red. I want to buy in more but think it is wiser to not invest anything more than I'm willing to lose. Fingers crossed hodling from now will pay off in the future.
yeah i know, im thinking maybe i should just ban bockfolio from my life for now! yeah its all the feelings that are here purely based on emotions right now! fingers crossed ;)
We're all in the same boat now! Just don't look and HODL
I think the point about human psychology is a good one. Fear and greed are two of the strongest forces in any market. This chart - "Stages of a Bubble" - might be useful in understanding the swings in the market over time: https://people.hofstra.edu/geotrans/eng/ch7en/conc7en/stages_in_a_bubble.html
Anyway, if it makes you feel any better... The U.S. stock market is doing poorly also. It had a bad day Friday and suffered a historic loss Monday, and now people today are very concerned about where it's headed. As I understand European and Asian markets are also down considerably... The point is: it's not much safer taking money out of crypto now and putting it into other investments. (<-- not official investment advice)
yeah i understand! i see your point and i guess maybe its just a bad start to the year, tbh all money gets devaluated anyway so we just gotta wait and see! i know its all fear and greed and then people get scared! :D lol !such a bad cycle!
haha good graph!!
Hold and patience and you will be fine.
Same here.but i am wait some time because i know bitcoin price up some time later
I will go with option two, I don't think it will crash and never go up, the crypto world has suffered several attacks before and it always bounce back and grow stronger.
We will all gain for holding during the down time, I wish I add more fiat now, I will buy more coin, i see everything bouncing back and stronger.
Sometime in the future this same people will wished they bought now, but it will be too late by then, we will just start counting our profit.
Hahah yeah I know what you mean! It’s good to see so much positivity here and it makes me slightly less worried! Maybe it is time to buy more at this dip!
Yeah I think, thou, not a financial advice but just my own opinion, I think its time to buy, buy and buy.
That @neilstrauss tweet nailed it perfectly on what I was going to say. It's just the irrational human mind doing stupid short sited things because for some reason, a whatever trend is going on, we think will last forever. In 3-6 months later people will be kicking themselves for not buying the fucking dip when it finally occurred :D Now I'm in observing mode and ready to start sniping some discounted crypto on sale; bought some STEEM earlier at $6 so it's a good opportunity to lower my buy average.
haha yes i know! its really bizzare to me! i know i will be buying more steem for sure, as its pretty solid and has a lot of backing and pretty amazing as a coin itself! time will only tell what happens in the future!
Dont sell when its this low ,just give it sometime ut will rise again.
yeah i know im not going to yet!
Informative post.
great to share
I feel like you are talking about me. I experience the same man!
hahhah yeah welcome to the club! :D
Have a look at @dragosroua's post. It might make you smile.
will check it out :P
amazing learnable post...so thanks for sharing with us...keep it up
Bitcoin Next Target May BE 4500..
BUT i N hoping IT WILL not go there
dammnn if it goes to that low level its pretty bad for all of us!
BUT Hope for best
Bitcoin up and down like a storm!!!
hahha yes crazy ups and downs! it could be done on purpose and manipulated! who knows !
I agree, everyone wished they got in at 2000.00 and the 5000.00, it hits 15 and 20.000 peope wished they got in at 5-6- or 7,000.
Well here we are and people are worried, yes people lost a lot, those who bought in at 10,000 plus, really lost.
But here we are at a good buy in.
Watch the drop, buy little at a time, hopefully the bottom is close.
yeah i know! i hope its close, it has to be, but to be honest the growth was eve crazier so we all can learn from this!
I bought another coins which I think reasonable to hoard ... at the moment ... still it among the top crypto currency I found that even how far the other drop in value...but the percentage of that coins still consistent....meaning it will strike at any time...
This is not great when you are trying to go full time on crypto. I think this is a time of consolidation. The good coins like Steem should survive
yeah i know what you mean! its just feels a bit low, but i guess in few months time things will look up! do you think any other good coins will survive?
I can't say which will survive. I just haven't studied them enough. I would hope utility counts for something
@allasyummyfood we had been watChing your talk in Portugal steemfeast. I'm emotionally sad it's crushing as I have not cash out my steemit revenue yet but like you I can't cash it in now at its lowest what point would it make anyway ..especially so didn't cash out at 15.so I'll Just keep posting and pray it will go up as I'm. Hoping it's. My exit. Route from the eight hours work I am doing. Hug to you guess we all need that now. Stay positive @allasyummyfood
Aww thanks so much! Yes all my steem earnings went into crypto investments so I’ll be really screwed if it all falls apart :( stay strong!
Just HODL and buy more. This drop will be nothing when we're at the 4rth quarter this year. It repeats again and again every year.
Thanks yeah how long do you think these crashes usually last?
This might be the all time low and definitely will never happen again, maybe it will last till end of February and by March onward it will recover . Here is a great site of crypto prediction: https://walletinvestor.com/forecast. Make sure you invest on other you believe it has use like steem https://walletinvestor.com/forecast/steem-prediction. Cheers
Those are not your true friend then. They push you to lost everything. If you sell now, then its gone.
Stay strong @allasyummyfood !
Its not all bad (as my latest post claims) - you've just gotta trust in the future of the cryptosphere.
The value behind the tech hasn't disappeared overnight, and will only get stronger. Im fairly certain that in a few months time you will be happy you didnt sell!
hahah thanks so much! i do believe that its the future and it will change the space! just emotions are high i guess! i hope so, lets have this chat in few months time! hahh!
Just don't think about it. It can be going down for months, as we've seen in 2014 or 2015 charts. By the way, all stocks are down, including FTSE. It's inevitable it will eventually recover. Might take some time though.
yeah i guess, it seems its a bad start to 2018... will all recover slowly! patience is what i dont have!
I'm not really well educated about cryptos.. maybe something wrong with the trend of bitcoin and other altcoins. Even I also feel that frustration where for the past months I was able to get a high value from selling my SBD's and know it seems to be dropping.. I don't know what's going on. But sometimes we have to take risks not most of the time we can get what we want.. at the later part we learn from it.. and that is not to be a pessimist be optimistic rather.. don't worry maybe now you almost lost everything.. let us look the bright side that one day everything will back to normal..
yeahhh i hope so... one day!
Don't sell, now is the WORST time to sell i think, it won't get back to 20k usd any time soon, but it will definitely bounce back to at least 8000+
and if you bought BTC before november 2017 then you still have some profit from it :D
yeah i bought some before and i bought loads after, so best for me is to just keep it for now!
#REKT :D
This is not bubble... I am very sure this who will hold it, it will not lose in the long run. If you sell now... you fill lose a lot... just hold.
And steem... if steem hold up over 2 $.... this is strong... and very good.
This what I see.
yeahh hold hold hold :D
:)) Yes
Now that the correction is being done it´s time to buy, all the panic sellers are the same that the next year will be saying the same thing, "I wish I hadn't sold my BTC" and "Why did I not believe in the technology?"
I mean the song says everything... let's make this viral #buytheDip ahahah
The Crypto Market Is Down Over 50% from All-Time Highs:
https://www.tokens24.com/news/crypto-market-50-time-highs/
Am a noob but if i have cash..i will buy some btc and some alts..then HODL.
They say it is correcting...so i don't worry too much, so long as i have enough money for monthly expenses.
If u sell now and loss some...better HODL.
In 2015-2016...btc was £250-350 each...dunno when u got urs, but they say that the price now is supposedly that. Well, about 7k prediction.
I say BUY or HODL😁😁
yeah obvs it went much lower, and i hope it recovers even stronger :P
Well some did say that 2017 is nothing compared to 2018...let's ride the roller coaster!
Do not sell any thing on those days
Hold a bit , prices will go up
i think that now it's the best time to buy
yeah i guess i just wish i sold at all time high then i wouldnt feel so bad now!
There is no way to know when it's all time high.....
You have nothing to feel bad about this is how it is on trading
I feel you! But I know so many people highly engaged in cryptocurrencies that say it will come back and that beginning of the year had always been bad. Of course nobody knows what is going to happen but I think "fear of loss" is not a good advice-giver. Like you said actually it's the time to buy now, these ups and downs happened before. Don't get discouraged, I hope it will work out for us!
yeah i really hope so, prob its true, im just feeling a bit down, hopefully its all going to be ok!
Human nature doesn't let us sell when we are up only 10% or 20%. No we need it to moon and even then we might not sell because we want more. When something goes up so much, it has nowhere to go but down its literally impossible to just go up forever. I've learned to take profits at 10% -30% and then just wait. Emotions in trading are no good, also favoring one coin can be dangerous....We cant fall in love with coins and we MUST TAKE PROFITS otherwise you go to the moon and back...which is no fun.
yeah i know what you mean! yeah i think i need to adapt and learn how to do that! i will be doing that in the future for sure!!! :)
I also invest in cryptocurrencies and I think that we must wait for the market to change direction and increase. This will happen for sure, but we do not know when :)
yeah i hope so!
What I did was to buy ether when it was like at 5-600 this morning to then invest in ICOs and be able to contribute a higher amount :)
Hey alla how are you today?
We are all needing hugs these days believe me haha
Here is a pic of my portfolio app (delta) showing how low things are, poping alerts like crazy of low entry points i did set earlier january and i am also getting a lot of ATL (all time low)
i also decided to hold until it goes up back again maybe on march maybe on december.
Selling all at this point would definitely be a bad move, is all it amounts to would be a loss of money. Keeping cold head, exercising patience and firmly HODLing your coins through this storm is the only strategy to avoid losing your original investment. You may or may not want to use this period to buy more coins – they all are rather cheap at the moment. I myself am using every such "crash" to increase my cryptoholdings.
And, if you still believe in this technology, if you believe in the cryptocurrency projects that you chose to invest in, if you believe in its future potential, then hold on tight to your coins through this period of price crash and panic selling.
I am still confident that we will see the price of USD $5,000/BTC in 2018. Maybe it'll go even higher, but fifty thousand seems like a realistic milestone for Bitcoin this year. Some other coins (Ether, Dash, STEEM, EOS and a few others) might enjoy even greater gains this year. 2018 is going to be amazing for crypto, despite this rough start of the year.