BTC Dump, what to do?

Hold it Hold it hold it

Holders are the one who always profitable

Windnfire said:

Hi,

I guess you see that the market is going lower day by day.

During all of these years, I realized that the best time for buying it's to buy when the market full of blood)

Just wait for a new cool feature, just like DeFi came to the market a year ago.

And find a way to earn on it. Buy low, earn a lot.

How do you think is it just the beginning of a bearish market or it's still bullish?

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Bitcoin is always Bullish no matter on what price you Buy because it will come to your buy price and Give You your Interest of Profit

Press the ESC Button and Hold

HODL

Invest only what you can afford to lose and keep your heart healthy.

Toz said:

Whether bearish or bullish in 2021, today is an absolute great time to buy if you plan on selling in 2030.

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same was said about yahoo and lucent technology stocks in 2000. where are they now? that is right: they don't exist anymore!

Sell whatever you own ans run away. Keep all money in savings account.

I bought some more of BTC, BNB, ADA & iLayer.
No point in selling, the whole game is to Hold.

Just HODL

If in doubt zoom out. Short term price action does not matter if you are here for the long run.

It is not going down every day. After it goes 20 % down, it again starts moving up.

thevideoguy said:

After years of following the crypto markets I've become desensitised to the dumps and pumps, it doesn't matter anymore. I just pick a bunch of cryptocurrencies that I think will be worth significantly more several years down the line, then slowly buy small amounts every few weeks when I can afford to and that's it. I buy regardless of the price, it goes up fine, it drops whatever.

Making large investments now for the long term doesn't seem like a great idea due to systemic risks of the crypto markets and just the nature of those markets in general. Plus I can't fucking afford to anyways, lol.

Actively trading isn't fun and making short term predictions without being essentially a heavily involved fulltime trader is futile. I'd rather spend my time on other things so I basically just dollar cost average.

tl;dr: Buy always, but small amounts frequently over the long term.

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What happens if you loose? Panic sell?

Nikolaos said:

What happens if you loose? Panic sell?

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It's a long term strategy of buying in very small quantities at regular intervals for like 5 or 10 years straight so you won't know for a long time if you won or lost. No panic sell because no panic because no emotion, invest like a robot

Be patient. Soon it will be back to $60000.

Buy at dip im not going with BTC but I shall buy ALT coins at dip

Nothing to Worry Because as Per Long term You will see Bitcoin buying rate is a Good Opportunity now . Dont Panic Just hold

macdonjo3 said:

In the next few years, all BTC will ever be is what it is now. It's so before its time. Great tech but so many people are buying the coin and not actually using it for any utility, and that's problematic from an investor standpoint.

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I don't think it's a problem to buy Bitcoin and just HODL it - in fact that's the main utility of Bitcoin. I think it's a problem when these noob traders get too greedy and start Leveraged Trading. It's easy money for the whales.

HOLD and you will thanks youself after few years

macdonjo3 said:

In the next few years, all BTC will ever be is what it is now. It's so before its time. Great tech but so many people are buying the coin and not actually using it for any utility, and that's problematic from an investor standpoint.

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I definitely agree with you, in the future, it should be change.

k2h2 said:

It is not going down every day. After it goes 20 % down, it again starts moving up.

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It hasn't stop dumping, and we actually don't know when will be a dump.

macdonjo3 said:

In the next few years, all BTC will ever be is what it is now. It's so before its time. Great tech but so many people are buying the coin and not actually using it for any utility, and that's problematic from an investor standpoint.

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I wouldn't bet on it. What is so great about crypto? The only thing that was great was the ability to buy it anonymously and spend it anonymously. That is already on the way out and hampered substantially. What other upside there is? If you'll say smart contracts, that is a solution to a problem that was already solved or does not require a currency. Why would decentralised immutable data storage require a currency?

Some keep thinking governments and central banks will give up control of the money, the interest rates... The small and inconsequential ones might and many already did. But why would super powers do that? They'll sooner burn the whole world into the ground than let that happen. And if by some miracle you beat them all, the whales will get together in the aftermath and divide the world once again. The anarcho-crypto utopia is just that - utopia. World is getting less free, not more, all while crypto bulls are dreaming about imaginary crypto heavens, always buying, never selling. Celebrating the upcoming destruction of USD, not realizing that if the old fiats die violently (and it will die violently), average folks will start such a panic, the whole monetary system will collapse, including crypto. You might have had a chance, if the transition was very gradual, stable, met with high approval from all sides. Look out the window, the world is going to shit and crypto is just another false prophet. Buy low, sell high, take out some profits, HODL the rest but don't lie to yourself that it will transform the world for the better, it wont.

You know what tech would actually be ahead of its time. A "money-less" society like in this movie: https://www.imdb.com/title/tt1637688/ Or I should say, that is a fictional society where "money" actually has value (life itself), because our money doesn't. But technology has value, resources have value, production capability has value and our time on Earth has the greatest value of all resources. I can totally see time becoming a currency, just like in this funny Timberlake movie.