Are you scared?

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1t5_omegaHero Member
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#1Dec 21, 2018, 12:25 PM
Looking at how the prices are moving lately, a lot of folks think we might be kicking off a bear market. Just curious if anyone's freaking out and thinking about cashing out, especially you short-term traders. Honestly, we're stepping into unknown waters here since what's unfolding this year is really shaking up the usual cycle patterns. I'm also interested to see if anyone is planning to short Bitcoin.
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alex.shardLegendary
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#2Dec 21, 2018, 12:49 PM
We do not know yet if the cycle has been broken. Only what we can use to determine if the cycle has been broken is if bitcoin did not fall below $60000. I still think bitcoin can get to $75000 or below. The way bitcoin is falling, it is an indication that we may call it bear market soon. An opportunity to buy more bitcoin.
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SwiftOrbitSenior Member
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#3Dec 23, 2018, 02:21 PM
Does shitting yourself with no relation to the price count? Asking for a friend... Cycles are meant to be broken, they always have and they will keep on doing so, history repeats itself till ...it doesn't
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mr_f0xFull Member
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#4Dec 23, 2018, 05:34 PM
Am I a coward?  Oh for sure I am.  But am I dumb enough to hold on through -50% or more sell downs like a I have done in  the past?  Hell no!   You go hold on to your BTC as it goes down.  I'll relax and stable up and wait for the market to be back to easy mode again...  I've been here long enough to know what's what.  And if the market wants to go down, it will go down.  The funny part is during really bad times, as you think that it's low enough 'to be the bottom', it's not the bottom. Stay safe out there guys.
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im_apeHero Member
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#5Dec 23, 2018, 10:51 PM
I entered bitcoin world back in 2014 when price was almost $500 and every day I watched it going lower and lower to reach $150 (-70% dumped) and I never even blinked. In fact I was happy that I could get more coins at a discount. It is worth mentioning that unlike today, back then we kept reading "bitcoin is dead" everywhere. Even a bitcoin core developer went crazy and sold all his coins saying "bitcoin is dead" in these years. When you live through all that ups and downs and the crazy FUD, but watch the price go to $126,000+ (25000% rise) you don't really care about tiny drops and weak hands panicking any more All that's happening right now is that the weak hands are kind enough to sell their coins to the rest of us at a discount once again
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hodler2019Legendary
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#6Dec 24, 2018, 01:30 AM
Yeah I had a bad case of the shits last night. Almost failed to reach the toilet. but today I jumped on the dip and will do so again if we drop under 92.5k
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SwiftCobraFull Member
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#7Dec 24, 2018, 05:59 AM
Well looking closely I think this current price movement is showing a beariish momentum thats why some people are suggesting that we are entering a bearish momentum and only short timers might be thinking of selling now. We are not sure if we are really entering the bear season. As for the pattern I don't see anything wrong if the patter changes, it makes predicting the price movement more difficult as it should be. This is just about 6-8% decline if am not mistaking and we have seen even worse and it still bounced back so why worry. There is no need to panic, Bitcoin will recover soon. I see this as an opportunity to stack up more Bitcoin rather than going short.
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shr1mpMember
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#8Dec 24, 2018, 12:06 PM
Bitcoin price is entering a bear market recently. This is a great time for DCA investors who have reserves and can buy aggressively. Short term traders will be in a panic mode and many of them will see the need to sell because they will panic and the reaction of losing money will have a negative impact on their financial lives. You are right and we are entering uncharted territory but Bitcoin price has done this before when Trump tariff policy created a lot of instability in the world. I think Bitcoin market volatility is a temporary reaction so that investors can increase their holdings from the price drop and set their future in a promising situation for long term investments and trigger accumulation compared to before.
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bull_2011Member
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#9Dec 24, 2018, 01:05 PM
Bitcoin’s current movement has indeed shaken a lot of short term traders because this cycle doesn’t seem to follow the exact rhythm of past ones many expected a straight continuation of the bull run but instead we’re getting sharp corrections and long sideways moves that confuse both bulls and bears. For traders who rely on short term momentum this kind of volatility can easily trigger panic because the patterns they usually depend on stop working and many are tempted to sell at a loss or start shorting without solid confirmation long term holders however see this differently they view it as an opportunity to accumulate since lower prices mean more satoshis for the same amount of money. As for shorting bitcoin it’s definitely risky especially now because the market could easily reverse just as fast as it drops anyone who decides to short should use strict stop losses and avoid leverage unless they know exactly what they’re doing this phase feels like the market is testing everyone’s patience and conviction those who manage emotions well will end up in a stronger position once the next major trend begins.
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s4t420Member
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#10Dec 24, 2018, 05:20 PM
It's okay to panic when the market goes the wrong way, those emotions are part of makes us human but letting those emotions affect our judgement is what makes the difference between average and experienced traders. I believe Bitcoin has done more lows on the long run in the past than it's done in recent times. So what's the conviction that it would not come back to its green ways and making millionaires like it did. This is why it is very much advisable to invest with discretionary funds and not hope on expecting profits in a short time because it could only get worst but it's a different case in the future. I would definitely not short Bitcoin but rather put in more coins with the best strategy (DCA) which has being really effective.
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leo.wolfHero Member
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#11Dec 24, 2018, 08:28 PM
Honest truth, I will advice everyone actually holding for a short term to simply sell because we are entering into the period where you either plan to hold on to your bitcoin for long or rather you end be in panic everyday because this certainly a consolidation market that has been far two stretched and with the fear index rising it is only longer time holders and those that are accumulating that will be happy in this market conditions. While the market is actually indicating that it will be shorting this will be a very bad time to actually short the market, in fact this is the perfect time to actually avoid anything futures because the market is definitely experiencing high volatility, best is to buy bitcoin and hold here. History can not follow same path way even if it repeats its self
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yield_moonFull Member
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#12Dec 24, 2018, 10:56 PM
I will not blame short term traders for sell or shorting the market because that's what they do, even when the market is not as dip like this, which is by looking for short term gains and any possible way to make something out of the market. The investors who are the real holders are the ones i would be more concerned with if they sell in panic now that they should be accumulating aggressively, because anyone that sell in panic now is not a real holder as they claim to be. If I will be trading the market, the obvious choice will be looking for a perfect entry where I can short the market, since am looking for short term gains but that will not mean that I will start selling the small unit of Bitcoin i already have, instead I will be looking for ways to buy more now that it's way cheaper.
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silentchainHero Member
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#13Dec 25, 2018, 04:03 AM
If everyone have the mindset that the current market signals is a way to the bear market, then I must be standing alone because because I am hopeful with the approach of Strategy and other institutional investors buying at the current Dip that the bitcoin price will rebound for market recovery and price will breakout for new Ath. The last time I checked bitcoin Price today was $95,000 and the Ath was $26,000 so having making a selling decision now will be the greatest regret of me since I have been in this bitcoin market. It is true that this season bull event is off  historical chart with all being going and I guess that is why short term traders are panicking and not even the so called professional analysts could have give analytical descriptions of what is going on and where we are heading to.
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john.gweiFull Member
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#14Dec 25, 2018, 09:15 AM
And maybe this experience some of you OGs had in the early days of bitcoin with price less than $1k, that could have being behind your strong resolve to continue holding and not blinking even with bitcoin dipping below $80k  the price when you start serves for you as a beacon of confidence, meanwhile a new comer supposedly a weak hand to the world of bitcoin, let say at the price around $100k now seeing it fall below after investing his funds. No prior first-hand serving experience to build his confidence except for what he reads online. It makes a difference really.
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maxi_hawkFull Member
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#15Dec 25, 2018, 09:36 AM
Yhis past few weeks has been so unpredictable for bitcoin. Just in october, we were rejoicing over the uptober trend and at thesame time optimistic that the next two months before these year ends will be bullish. Now here we are talking about being a coward  I am not bothered how low bitcoin gets, I am in for a long term journey. So no, I'm not going to be a coward.
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sam.bullSenior Member
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#16Dec 26, 2018, 09:08 AM
There's difference between panicking and taking decision due to a panic. We feel fear. It's normal. Difference is how it influence our decision. I bought quite a large sum of Bitcoin around $20K when I heard about Bitcoin online that it always rises. Long story short I sold at $17K. Promised myself won't happen again.
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51gma_forkFull Member
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#17Dec 26, 2018, 02:58 PM
Nope, I'm not a coward. I think there's a possibility if this could be the end of Bitcoin bull run, Bitcoin has almost reach 2x from last ATH, it's make sense if Bitcoin only able to reach that amount because money is limited and not everyone want to buy Bitcoin. Don't put too big expectation, it's only a month and half left before this year ends.
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alex2014Full Member
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#18Dec 26, 2018, 06:51 PM
Oh men i am out of spare funds if not i could have gone long on bitcoin and mentained and serviced my position all through to when the price will recover and eventually get to green zone again. We expected a bear market on form of correction of bitcoin price backwards,  but not as dip as where the price noise dived to today's. This is a very good green signal for position opening but not short any ways, i rather go long
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benledgerSenior Member
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#19Dec 26, 2018, 10:44 PM
ehh...no, thats newbie territory. This is yet another perfect Buy the dip opportunity, not shit yourself and sell the dip. I'm a long term visionary, people selling now are suffering short sightedness Yup, Christmas 2016 was when I got my first Bitcoin and I have HODL'd through market rises, panic drops and non-eventful sideways movements and look where we are now!
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QuantumVectorFull Member
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#20Dec 26, 2018, 11:43 PM
Won't I be called a coward for not shooting Bitcoin when it was at a high price, to do that now when its price is on the downside? What level of cowardice is that when you know that in the bearish market that is about to take place wouldn't last long for the market to recover. All that is needed of us is to have faith in the future, to trust the process that Bitcoin will come stronger than it has this year, and during the next bull run after the halving of 2028, Bitcoin will skyrocket to a new ATH that we will be predicting a price close to $300k by then
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