Current situation seen through the eyes of an experienced bitcoin hodler of 2013

2018-11-27 02:52

The wild rollercoaster that is currently in a descending stage of the ride caused a lot of despair among less experienced bitcoin hodlers. The real capitulation is still not here but we are getting near to it with each passing day. There are a lot of white towels being thrown into the ring, lots of hate and resignation by former holders spewed at bitcoin and crypto in general. That is all part of the game that a lot of the buyers entered naively, without ever evaluating if they have the guts for the dark side of this story.

One of the OGs (original gangsters, a term the original bitcoin hodlers coined for themselves, so they could differentiate from the “plebs”) voiced his opinion on the current state of bitcoin.

Complete post is cited below.

Here are some points so here it goes:

Fork. Obviously the BCH fork has caused massive price swings. Whales, bankers, probably the 3 stooges Craig, Ver, and Wu all selling their BTC to make up their agendas thus causing the price to drop, weak hands see this and the price drops even lower. Some conspiracy: Some of these guys did this on purpose to make tons of money shorting and buying at the bottom, if someone could make tons of money who wouldn’t? Holidays, TG and Christmas are times of year when people actually need extra money for presents and traveling. Combined with the price drop this is a recipe for people selling out of necessity. Tech has improved. The Bitcoin network is strong, LN is getting stronger. Basically nothing about Bitcoin’s inner workings has changed or been compromised which means that it has a bright future ahead of itself. Hodling. All these new people coming in from last year’s all time high have not experienced a crash of this size. As a hodler from 2013 this would probably be like the 4th or 5th crash and its just like a rainy day that eventually goes away. If you are new, this whole thing has happened before and it will happen again. Patience is key. Price. This is what everyone is talking about with predictions and which way will it go. Personally I think (which is just an opinion), that the price will go slightly lower due to Christmas time with the whole I need cash thing, but will go higher at some point in 2019 due to the 2020 halvening scheduled for sometime in the middle of the year. People are going to start accumulating in anticipation of this. Every halvening there has been a price increase due to the Block reward cut in half. FUD/Memes. Do not trust anyone (yeah that includes this post) on what is going on. Do your own research and do some critical thinking. FUD is spread around for agendas and getting weak hands to sell. Memes are of course fun and they help refocus on the current matters. Just think for yourself and stick to your own plan. Conclusion. If you made it this far, thank you for reading my rant. Many people are feeling down about the market at this point but the inexperienced do not know this has happened many times before and this will happen again.

The market is very easily to manipulate, it always has been since there is little regulation and oversight on the whole thing. It is a day trader’s dream with no regulations and manipulating the market whenever there is an event going on unlike the restrictions placed by the SEC on the stock market.

Put in what you can afford to lose. This means if you throw in $100 on BTC or any crypto consider it gone. This will help ease the mind. When I first started I stared at the numbers going up and down and getting worried all the time. Some advice I read was “Don’t worry about the price, if you believe in the future you have nothing to worry about.”

If you truly believe in the project you really have nothing to worry about. Just wait and be patient. 2020 will be the next interesting time for Bitcoin.

There is nothing to add to this but to tell this Redditor a big kudos to you for giving such an articulate, succinct and informed overview of the situation!

The post Current situation seen through the eyes of an experienced bitcoin hodler of 2013 appeared first on CaptainAltcoin.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Bitcoin (BTC) на Currencies.ru

$ 71101.5 (-0.96%)
Объем 24H $30.415b
Изменеия 24h: 0.12 %, 7d: 3.42 %
Cегодня L: $70639.44 - H: $71892.39
Капитализация $1401.416b Rank 1
Цена в час новости $ 3788.45 (1776.8%)

bitcoin experienced hodler lot current 2013 seen

Источник: captainaltcoin.com

bitcoin experienced → Результатов: 126


Фото:

Blockchain.com’s Head Of Research Breaks Down State Of The Crypto Market And What’s Coming For Bitcoin

The month of May was not a great one for the world’s biggest cryptocurrency and June hasn’t shown significant signs of improvement, not to the casual observer at least. Bitcoin had reached highs of over $60,000 but experienced a 40% drop after Elon Musk announced his car-manufacturing company, Tesla, was suspending Bitcoin payments despite having […]

2021-6-13 16:23


Фото:

Overstock Moves up by 26 Percent after CEO Revealed the Company Will Focus Solely on Crypto From February

Overstock.com Inc. experienced a huge surge in interest from investors as the price of their shares went up by 26 percent in anticipation of their next big move. The Wall Street Journal recently reported that Overstock CEO Patrick Byrne is planning to sell the retail wing of the company to focus exclusively on its cryptocurrency businesses […] Overstock Moves up by 26 Percent after CEO Revealed the Company Will Focus Solely on Crypto From February was originally found on [blokt] - Blockchain, Bitcoin & Cryptocurrency News.

2018-11-26 20:59


DCG’s Grayscale Investments Records Losses Over $400 Million In Latest Crypto Asset Value Plunge

The digital asset management firm Grayscale Investments has registered more than $400 million dollars losses in asset value in the last weeks. This is related to the bear market that virtual currencies are experiencing and the hard drop experienced by Bitcoin and other cryptos on November 14 and 19. In a recent tweet uploaded by […]

2018-11-23 17:40


3 possible causes for the bitcoin dumpster fire

The huge drops we experienced in the last 2 weeks shed away more than $70 billion and Bitcoin plunged below the $5k, sinking to the record low for the year. These lightning bolts that hit the market last week and still hitting it this week stirred a wave of speculation within the crypto community about […] The post 3 possible causes for the bitcoin dumpster fire appeared first on CaptainAltcoin.

2018-11-21 18:18


Crypto market plummets right before Bakkt and ETFs? Is it just a coincidence?

The huge drops we experienced in the last 2 weeks shed away more than $30 billion and Bitcoin plunged below the $5k, sinking to the record low for the year. These two lightning bolts that hit the market last week and today (losses of more than $10 billion of value in less than 24hrs) stirred […] The post Crypto market plummets right before Bakkt and ETFs? Is it just a coincidence? appeared first on CaptainAltcoin.

2018-11-20 23:07


Crypto Market Crashes Again: Recap Of Bitcoin’s Week, What Happened And What To Do Now?

The crypto space has recently experienced another big market crash, and the situation has not improved for days, now. The industry is struggling to start a new period of recovery, traders are confused by these events and don't know what to do, while the cryptocurrencies themselves continue to lose value. Two major questions are being […]

2018-11-18 10:32


Фото:

Bitfury Acquires Minority Stake in Final Frontier, Aims To Expand Services

The Bitfury Group has acquired a minority stake in blockchain services firm Final Frontier. Both organizations are looking to utilize each other’s knowledge and experience in the traditional and digital finance spaces to potentially release a new line of financial products and services designed to assist professional investors in getting their hands on digital assets.

2018-11-14 00:53


5 recent tactics criminals use to steal your Bitcoin (and other cryptocurrency)

While the cryptocurrency mania that drove Bitcoin’s price to $20,000 may have eased, the threat posed by the most experienced cybercriminals hasn’t disappeared. In fact, prominent information security firm Kaspersky Labs has detailed how some of the internet’s most well-known cyberthreats have evolved to better target cryptocurrency users and services.

2018-11-12 17:47


Фото:

How the Truffle Suite Is Streamlining Ethereum Development

Initially launched in 2015, Truffle promises to solve a number of key problems experienced by Ethereum developers in the course of building decentralized applications using smart contracts. Functioning with support from development leader ConsenSys, Truffle potentially holds the key to making Ethereum development simple and accessible to a new wave of developers, in line with the goals of ConsenSys to.

2018-11-6 06:00


Фото:

Cryptocurrency Markets Remain Unimpacted From Global Stock Market Sell Off

Digital assets deviated from established behavior patterns on Thursday as a global stock market selloff failed to create a significant impact on the crypto market. During Asian trade, Bitcoin, Ethereum and Ripple’s XRP remained slightly low-key but didn’t experience a catastrophic fall that they experienced during the previous stock declines.

2018-10-26 17:59


дальше еще 77 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

What is 2020 Preparing for Cryptocurrencies?

Blockchain technology and cryptocurrencies have left us fascinated. Funnily enough, blockchain technology was once touted as a bubble bound to fail surviving the tryst of times. Not only has it survived, but finds its application in several fields of business, including the energy sector, the healthcare sector and tourism.

IOTA Use Cases Rapidly Expanding: Tangle To Solve World’s Waste Problem

The Biota team wants to use IOTA technology to tackle the waste problem. The Tangle will help develop a deposit system that rewards people for collecting plastic waste. IOTA technology for waste separation Decentralised technologies are not necessarily perceived by the public to be the best in terms of energy efficiency and CO2 emissions.

LocalBitcoins Trade Volume Hits Lowest Point Since 2017

At its highest point this year, the platform moved over USD 70,000,000 in one week. Increased personal data required by the platform could influence the decline. Bitcoin (BTC) trades through the LocalBitcoins platform have fallen to their lowest levels since August 2017.

Can The Blazing Fast EOS 2.0 Save Eos, The Token?

The crypto currency EOS is known to many crypto users as the longest ICO of all time. The EOSIO 2.0 update gives you the opportunity to take a closer look at the project and the latest changes. These are of particular interest as they make the network more powerful as well as making dApp developers’ […]The post Can The Blazing Fast EOS 2.0 Save Eos, The Token? appeared first on CaptainAltcoin.