It's that time again, where bitcoin(and pretty much almost every other non-stablecoin cryptocurrencies) does a huge nosedive. This is just a reminder that whatever amount you've "lost" with the market crash, in the end, it's just money. Money can be made back in the future through multiple various ways, whereas you have only
one life to live. It's not the end.
Whether you're invested in bitcoin, whatever altcoin, or even the stock markets, if you've been having suicidal thoughts, please think twice and try talking to a professional.
For the suicide hotline for the country you're in, please refer to this list:
https://en.wikipedia.org/wiki/List_of_suicide_crisis_linesTimes like today are so reminiscent of the last market crash whereas suicide-related posts and suicide hotlines are popping out on multiple crypto-related subreddits. But yea, this might be cheesy as hell, and while a lot of people here have been here since like forever(hence are probably immune to the effects of these crashes at this point), but if this saves one person it's well worth it.
Happy trading and investing!
This is a pleasing and contenting write up. It is the truth. That we lost in long term trade today does not mean the market is nothing to rise again. We should be hopeful and full of positive thoughts now. Like me, I still believe in bitcoin halving. I still believe that this year bitcoin will still be over $10,000 again. Because investors will invest because of some certain reasons. All in my post in the link below.
https://bitcointalk.org/index.php?topic=5232054.msg54008321#msg54008321I wrote this above thread some days ago, to let people still know that bitcoin and strong altcoins will still rise this year and next year. Do not let us underestimate the anticipatory bitcoin halving effect of whales manipulations and retail investors capital crypto investments.
People are linking the recent fall to corona virus which I believe can directly and indirectly be the cause of the recent drop. But, as bitcoin droppd 6% in January after the spread in China, bitcoin later increase to above $10,500.
So, I do not think corona virus is the only cause of crypto fall and I belive the recent fall can be a preparation to the next bull run in which whales are manipulating and price drop for other investors to sell bitcoin.
At this moment we are experiencing pandemic due to the covid 19 disease. We are experiencing crisis and it is natural that we woulf expect a subsiding of bitcoin price. The stock market is also subsiding because of the crisis. With this we must be cery careful in using our coins. In this situation while the market is subsiding there are many people who are taking advantage so we must be careful in which site we are about to invest our finances. This pamdemic can also affect the mental health of people because they are worrying on the things which may happen in the future.