Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
⭐ Merited by El duderino_ (1)
Falling below $6,000 last year was where it all started to go wrong last year. The price dropped at an alarming rate after we breached $6,000.
November 5th 2018 - $6,398
December 15th 2018 - $3,179
I dont know about anybody else but that was a pretty fucking scary time for me. Breaking $6,000 would represent great progress & a sign for me that the bear market has long been left behind & we enter a new, baby bull market.
Enjoy gentlemen, this is going to be a very exciting run over the next year or two & Im honoured to be on this train with you all.
November 5th 2018 - $6,398
December 15th 2018 - $3,179
I dont know about anybody else but that was a pretty fucking scary time for me. Breaking $6,000 would represent great progress & a sign for me that the bear market has long been left behind & we enter a new, baby bull market.
Enjoy gentlemen, this is going to be a very exciting run over the next year or two & Im honoured to be on this train with you all.
During the 2014/15 fall down to the low digits, I felt like you with this drop to $3000. I bought some extra coins in the $600s and when I saw that price drop down to $150 it really hurt. And the months of stagnation just destroyed the soul. This time though was completely different, it still sucked, but only a very little bit, because I knew it would go up again and regain my millionaire status. The sucky part was not the paper losses (they would be back) the sucky part was that I couldn't retire this year like I hoped.
You'll cruise through the next bust with a big smile on your face, because, not only will you be retired (if you desire that), you'll know that you're going to be even richer in a few years because the bust has allowed you to buy more cheap coins.
The wait is what will suck for you that is all.
Dude, I was around then too. I was at a massive loss on my overall investment in 2015, at $150 I felt like a fucking idiot. I should have bought MOAR then.
I guess my advice to anybody who gets in at the next cycle top is buy all the way down. Bitcoin ALWAYS recovers
The thing is, emotions to a loss like that are always hard to overcome and very normal. You have such dreams when the price is at the highs, then it is taken from you. Everybody is a fucking genius in hindsight too and they'll let you know that as the price is going down. Fucking no coiners.
This time you were buying coins at the low though, so that is a damn good improvement. Next time you'll breeze through it, trust me.
Your advice is spot on, buy in the bear markets. That is where the big money is made.
Bitcoin does ALWAYS recover. But, you have to know that as a fact, otherwise those fucking emotions will have you. And after 12 years of studying finance, the economy, government corruption, and big business ethics. I think I finally know the facts.