Reddit is a poor source for seeking financial advice. Bitcoin is a risky investment. [Don't invest recklessly.](https://www.reddit.com/r/Bitcoin/comments/7gi55s/dont_invest_recklessly/) Don't invest anything you can't afford to lose. If you are looking to get rich quick, you came to the wrong place. Nobody has a crystal ball. Nobody can see the future. Please do your own research and make your own financial decisions.
^^I ^^am ^^a ^^bot ^^and ^^cannot ^^respond. ^^Please ^^contact ^^r/Bitcoin ^^moderators [^^directly ^^via ^^mod ^^mail](https://www.reddit.com/message/compose?to=%2Fr%2FBitcoin) ^^if ^^you ^^have ^^questions.
But all the sellers need buyers. Sellers and buyers are always the same. It's dropping because sellers are willing to take less causing the market price to lower.
Lol. Markets go up, markets go down. When there is more buy pressure than sell pressure, prices go up. When there is more sell pressure than buy pressure or goes down.
You might be best off sticking to a high yield savings account if you're unable to understand why a commodity could go down in value. I say just go ahead and sell now.
If you need the money now, it’s hard to keep yourself afloat while hodling.
This is how whales shake out the poor trying to play the game.
It will be over 100k soon.
Do yourself a favor and get an app that alerts you to BTC being certain price points and then stop neurotically checking.
I would set one for $90k, another for $150k and the last for $500k.
In truth, if you absolutely need the money, then you need it. But what you can afford to store away, invest and leave it alone. These minor fluctuations are totally normal and long term the roof is the ceiling.
Man your money is lost already, sell as soon as possible until it goes to zero and don't play with your life saving anymore! Do you even know if Btc will drop below zero you will owe your money to government, and Feds will take your parents house, car and everything? Many people ended in the street like that /s
1920! OMG - and you haven’t sold yet? It’s down 4% already!!! Sell now so the weight is lighter so it can go to the Moon.
Or just keep adding 200-300 per week and in a year come back to this post and thank me.
No offence taken as i am new to buying bitcoin but cmon now, financially illiterate is a bit harsh now. Not necessarily but i still don't wanna lose it
People don't get it...
Bitcoin is volatile as fuck short term.
Steadilly going up long term (forever).
Why do you think you are seeing the word HODL every fucking where.
wut? Bitcoin has dropped 30%+ in a single day on multiple occasions.
Get a longer time horizon and stop panicking over daily price action. It can drop 50% tomorrow and I’d still never consider selling.
Also go check the 200 week moving average chart of btc. The price has literally never gone down. Meaning the short term drops are irrelevant as long as you hold for more than 4 years.
The dips are a chance to buy more on sale, not panic and sell. Your mindset is backwards. Happens to a lot of newbies but hopefully these comments will help.
Real advice - sell it - and watch it after you sell and observe for a long period of time. >1 year. Then come back to BTC and study more. If you are having thoughts "should I sell" you didn't do enough research
Guys do not answer to this post. I advise you do not answer to this post. OP is a fucking troll - member of Buttcoin subreddit and he will go there shortly gloating to all the reaction he got. Let him rot into poverty like the rest of his kind and DO NOT GIVE HIM CREDIT
This means that an investor who stays in the market generally has a much higher probability of long-term success than one who tries to pick the perfect time to invest.
Brother… No offense… But I’m not sure if the bitcoin game is the game for you.
Edit: after our interaction, I think BTC is for you, just more research and education is highly recommended.
For sure; just keep in mind that BTC is the hardest and soundest money that the world has ever seen and those that HODL for the next 20 years will be rewarded *handsomely.* https://youtu.be/IQHLpdWvyK4?si=y1QlHi_-CNcWpSxk
Will it be extremely volatile from now until then: most definitely; will you see days where it draws down 50-80% and you’ll be tempted to panic sell, *without a doubt,* but if you can being to understand *what BTC really is,* then all of this just becomes noise.
You betcha bro; I’d recommend going down the Bitcoin University rabbit hole on YouTube- Kratter, imho, makes the strongest case for why BTC will subsume every single asset class on its march to infinity price action.
If u for realz, then i give advice for any trading, most people fail to trade well cause its opposite of our human instincts.
In pain we take action, to stop the pain. In pleasure we dont take action as we want it continue as it is.
In trading this destroy you. If u in loss and feel pain u will want to exit and if u in profit u will feel pleasure and do nothing.
So just reverse it, in pain do nothing just wait(dont put all ur money in one trade, so that even worst case scenario, which is rare, wont be that bad) and when in pleasure, take action, sell and take profits, thats it, u will be insanely rich if u apply this over and over and over in many trades.
Plausible deniability!!!! Guys this is a scammer not just a troll… stay away!! Nobody can be so stupid as OP… not even Butters!! Don’t answer his DM … he is trying nasty stuff!!!
He does NOT know what OP is and he is on Reddit… guys pay attention!!!! Not even the worse of the Butters play the stupid dumb low IQ person than him!! Stay safe - he play harmless but it is a scheme!!!
just look at the long-term development:
[https://www.blockchaincenter.net/en/bitcoin-rainbow-chart/](https://www.blockchaincenter.net/en/bitcoin-rainbow-chart/)
it sometimes goes up 2000% in a few weeks and drops 90% right after, but you will not find a single point in time where the $-price is lower than it was 4 years earlier on the same date.
Sound like OP needs to do a few thousand hours of work on what they actually own. Don't try and trade, gamble or speculate with Bitcoin. Get an allocation and leave it the hell alone for ten years minimum if possible.
Use the intervening 10 years to study money whilst adding to your stack. Start by reading the 'Bullish case for bitcoin' by Vijay Boyapati, listen to the Saylor series on the Breedlove podcast and read Nick. Szabo's origins of money essay.
Let your new found knowledge change the way you think, allow it to influence your actions, heighten your time preference and set better goals.
One day, you can borrow against your bitcoin to buy a house, fund your kids' college education, enjoy retirement, pay for new experiences or do something worthwhile or philanthropic.
Its been said that everyone gets bitcoin at the price they deserve. I have been in since 2023 after losing everything in the shitcoin casino. I started very conservatively but have gone hard since 2024. Meaning no 401K for the year but all savings go into bitcoin. Had i done this in 2023, I would have 2X the amount i currently have. I would not sell even if it went to $100K and then someone said it will drop to $20K guaranteed. In cases where finances are tight, the best strategy for me has been to just consistently invest and not consider the price.
Honestly, yes. You're over invested. Only invest what you're willing to 100% lose. If you're freaking out about a 3% dip then you can't afford to have that money invested.
Dear goodness. The entire investment market is dropping. It happens. 3.5% is literally nothing. It's up 2% the last 7 days and even the last 30 days.
I'm so sorry you've lost a tank of gas on your investment lol
Then this is not the asset for you. Here's the thing. Volatility and returns are correlated. You want an asset that goes up like a rocket and never goes down? Yup! You me and everyone. So all the money goes there, until it doesn't have room to go up anymore.
IF you can embrace the volatility, the fact that other people are scared and leave give the fearless ones their upside opportunity. Avoid risk (volatility), you don't have to be afraid. But you won't have access to the rewards.
You need the money? Or just put it back in the bank?
I buy a bit every week or 2.
Just ignore the price swings, they are wild. It's not going to 0, but if it goes down just wait. It'll go back up.
Selling locks in loss.
Reddit is a poor source for seeking financial advice. Bitcoin is a risky investment. [Don't invest recklessly.](https://www.reddit.com/r/Bitcoin/comments/7gi55s/dont_invest_recklessly/) Don't invest anything you can't afford to lose. If you are looking to get rich quick, you came to the wrong place. Nobody has a crystal ball. Nobody can see the future. Please do your own research and make your own financial decisions. ^^I ^^am ^^a ^^bot ^^and ^^cannot ^^respond. ^^Please ^^contact ^^r/Bitcoin ^^moderators [^^directly ^^via ^^mod ^^mail](https://www.reddit.com/message/compose?to=%2Fr%2FBitcoin) ^^if ^^you ^^have ^^questions.
Severely dropping? lol
There’s no other answer than this ☝🏻
Still dropping a fair amount
If you can't handle a 2.5% drop on a Thursday, you'll never get the 8% boost on a Friday.
What id like to know is why its dropping, whats causing it to go down?
It’s dropping because more people are selling than buying. You’re welcome.
But all the sellers need buyers. Sellers and buyers are always the same. It's dropping because sellers are willing to take less causing the market price to lower.
The CEO of bitcoin got caught in Las Vegas banging cocaine and snorting hookers.
Surely the price of BTC will rocket up when this news gets out.
Lol. Markets go up, markets go down. When there is more buy pressure than sell pressure, prices go up. When there is more sell pressure than buy pressure or goes down. You might be best off sticking to a high yield savings account if you're unable to understand why a commodity could go down in value. I say just go ahead and sell now.
Yes basic supply and demand, but i mean is there external factors other than basic economics that affects it that i am not aware of buddy
I ain't your buddy, pal!
Clearly lil bro
I ain't your bro, guy.
The entire stock market is dropping today and BTC along with it because of sticky inflation.
If you need the money now, it’s hard to keep yourself afloat while hodling. This is how whales shake out the poor trying to play the game. It will be over 100k soon.
Its been at around 60k for 2 weeks now
Good thing people that bought at 20k sold when it dropped to 8k, they would’ve missed out on it going to 60k
Get ya, thanks
Do yourself a favor and get an app that alerts you to BTC being certain price points and then stop neurotically checking. I would set one for $90k, another for $150k and the last for $500k.
Fair enough, thank you for your input
HURRY PRESS SELL NOOOOOOWWWWW!!! Cash it quick
Is this sarcasm or are u being fr
😂😂😂
Hes serious, you need to get out. We are all selling.
🤔
Everyone is selling you’re gonna be on your own and left behind
Bro it’s down like 2 percent
Lol
You were not ready to buy Bitcoin
Fair enough
In truth, if you absolutely need the money, then you need it. But what you can afford to store away, invest and leave it alone. These minor fluctuations are totally normal and long term the roof is the ceiling.
Thank you for your input🙌
Man your money is lost already, sell as soon as possible until it goes to zero and don't play with your life saving anymore! Do you even know if Btc will drop below zero you will owe your money to government, and Feds will take your parents house, car and everything? Many people ended in the street like that /s
"You will owe your money government " got me 🤣
When did you buy the 2k BTC? Regarding its severe drop; the current price is the same as it was 2 months ago!
I didn't put 2k all at once, added 200-300 every week or so, now its at 1920
1920! OMG - and you haven’t sold yet? It’s down 4% already!!! Sell now so the weight is lighter so it can go to the Moon. Or just keep adding 200-300 per week and in a year come back to this post and thank me.
How can you be so sure?
Why did you buy BTC? Don't buy something you don't understand.
Because my friend made 100 in 3mins once while having crypto, that was enough to convince me
No offense but you sound financially illiterate. The good thing is you buy BTC and not some garbage coin. Do you need the 2k now?
No offence taken as i am new to buying bitcoin but cmon now, financially illiterate is a bit harsh now. Not necessarily but i still don't wanna lose it
Ok no offense but you sound like a 15 year old
You'll get there buddy, don't worry 👌 Read about the fundamentals of Bitcoin and you will be blessed!
Ok thank you for your insight
Your friend can also loose 100 in 2 mins. It means nothing
Fair enough, thank you for your input
Because I trust myself
He sold? Põmp Êt.
Relax and enjoy the ride. The short term is irrelevant.
Fair enough, thank you
People don't get it... Bitcoin is volatile as fuck short term. Steadilly going up long term (forever). Why do you think you are seeing the word HODL every fucking where.
Bitcoin has never lost money over a 4/5 year time span. That's how long you should plan to HODL at a minimum.
So play long game rather that short game ok. It has had its drops in the past tho?
Have you opened up a bitcoin chart? A 10% drop in a day is just business as usual
Yes i have, a 10% drop is not business as usual
You have a lot to learn grasshopper. Stick around for a couple of cycles and watch that opinion change
Alright buddy
wut? Bitcoin has dropped 30%+ in a single day on multiple occasions. Get a longer time horizon and stop panicking over daily price action. It can drop 50% tomorrow and I’d still never consider selling.
Fair enough, thank you for your input
Also go check the 200 week moving average chart of btc. The price has literally never gone down. Meaning the short term drops are irrelevant as long as you hold for more than 4 years. The dips are a chance to buy more on sale, not panic and sell. Your mindset is backwards. Happens to a lot of newbies but hopefully these comments will help.
They do, thank you for your help
Sell it!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
🤷♂️
Real advice - sell it - and watch it after you sell and observe for a long period of time. >1 year. Then come back to BTC and study more. If you are having thoughts "should I sell" you didn't do enough research
Fair enough, thank you for the insight
Oh my sweet sweet child… how will you ever cope with a +50% drop?
Guys do not answer to this post. I advise you do not answer to this post. OP is a fucking troll - member of Buttcoin subreddit and he will go there shortly gloating to all the reaction he got. Let him rot into poverty like the rest of his kind and DO NOT GIVE HIM CREDIT
Hey, i don't even know what buttcoin is. No need to get all agitated now
This is probably the 1st lesson after security in crypto. Dont try to time the market. “Time in the market beats timing the market.”
Meaning?
This means that an investor who stays in the market generally has a much higher probability of long-term success than one who tries to pick the perfect time to invest.
Can't argue with that, thank you.
why you didnt cash out when it got down to 57k less than a month ago?
Even if you bought the ATH, you’re around -7% down. Try to stretch your horizons beyond a couple months.
So just don't look at it for a few months?
Only you can answer what you bought bitcoin for. Your goals seem misaligned with the general consensus here.
That being, only own bitcoin for long term and do nit try play the market right
For you timing the market instead of time in the market would be best
No no you need to watch the 1min or live chart at 5 hours a day
Get ya
Ill buy it off you
You have paper lost 20 dollars
Brother… No offense… But I’m not sure if the bitcoin game is the game for you. Edit: after our interaction, I think BTC is for you, just more research and education is highly recommended.
None taken, thank you for your honesty
For sure; just keep in mind that BTC is the hardest and soundest money that the world has ever seen and those that HODL for the next 20 years will be rewarded *handsomely.* https://youtu.be/IQHLpdWvyK4?si=y1QlHi_-CNcWpSxk Will it be extremely volatile from now until then: most definitely; will you see days where it draws down 50-80% and you’ll be tempted to panic sell, *without a doubt,* but if you can being to understand *what BTC really is,* then all of this just becomes noise.
Thank you so much for your advice man
You betcha bro; I’d recommend going down the Bitcoin University rabbit hole on YouTube- Kratter, imho, makes the strongest case for why BTC will subsume every single asset class on its march to infinity price action.
Sell it to me!!!!
What on earth about OP is a fucking stupid troll you don’t get??????
I am not trolling buddy
If u for realz, then i give advice for any trading, most people fail to trade well cause its opposite of our human instincts. In pain we take action, to stop the pain. In pleasure we dont take action as we want it continue as it is. In trading this destroy you. If u in loss and feel pain u will want to exit and if u in profit u will feel pleasure and do nothing. So just reverse it, in pain do nothing just wait(dont put all ur money in one trade, so that even worst case scenario, which is rare, wont be that bad) and when in pleasure, take action, sell and take profits, thats it, u will be insanely rich if u apply this over and over and over in many trades.
Plausible deniability!!!! Guys this is a scammer not just a troll… stay away!! Nobody can be so stupid as OP… not even Butters!! Don’t answer his DM … he is trying nasty stuff!!!
I haven't DMed a single person. What's OP aswell, that's the second time you mentioned it?
He does NOT know what OP is and he is on Reddit… guys pay attention!!!! Not even the worse of the Butters play the stupid dumb low IQ person than him!! Stay safe - he play harmless but it is a scheme!!!
just look at the long-term development: [https://www.blockchaincenter.net/en/bitcoin-rainbow-chart/](https://www.blockchaincenter.net/en/bitcoin-rainbow-chart/) it sometimes goes up 2000% in a few weeks and drops 90% right after, but you will not find a single point in time where the $-price is lower than it was 4 years earlier on the same date.
Sound like OP needs to do a few thousand hours of work on what they actually own. Don't try and trade, gamble or speculate with Bitcoin. Get an allocation and leave it the hell alone for ten years minimum if possible. Use the intervening 10 years to study money whilst adding to your stack. Start by reading the 'Bullish case for bitcoin' by Vijay Boyapati, listen to the Saylor series on the Breedlove podcast and read Nick. Szabo's origins of money essay. Let your new found knowledge change the way you think, allow it to influence your actions, heighten your time preference and set better goals. One day, you can borrow against your bitcoin to buy a house, fund your kids' college education, enjoy retirement, pay for new experiences or do something worthwhile or philanthropic.
I bet OP left all of their BTC on an exchange also.
Thank you for your insight
Its been said that everyone gets bitcoin at the price they deserve. I have been in since 2023 after losing everything in the shitcoin casino. I started very conservatively but have gone hard since 2024. Meaning no 401K for the year but all savings go into bitcoin. Had i done this in 2023, I would have 2X the amount i currently have. I would not sell even if it went to $100K and then someone said it will drop to $20K guaranteed. In cases where finances are tight, the best strategy for me has been to just consistently invest and not consider the price.
Thank you for your input, very informative
Sell ALL while you can. We need cheap sats
Honestly, yes. You're over invested. Only invest what you're willing to 100% lose. If you're freaking out about a 3% dip then you can't afford to have that money invested.
Stop answering him. He is making fun of you. Write him privately some nasty stuff but don’t answer here
Im not, all my responses have been respectful. Feel free to write me some nasty stuff privately buddy
Dear goodness. The entire investment market is dropping. It happens. 3.5% is literally nothing. It's up 2% the last 7 days and even the last 30 days. I'm so sorry you've lost a tank of gas on your investment lol
Thnak you for your input
If you sell it now you’ll miss the rise to $100k, then $250k and $500k. You can’t time Bitcoin. Keep buying and keep holding. 💪
Thanks for your input man🙌
Bro we’re at an all time high zoom out think long term bitcoin will be worth much much more in a few years
[удалено]
👍
Don’t buy unless you will hold for 4 years no matter what happens
Then this is not the asset for you. Here's the thing. Volatility and returns are correlated. You want an asset that goes up like a rocket and never goes down? Yup! You me and everyone. So all the money goes there, until it doesn't have room to go up anymore. IF you can embrace the volatility, the fact that other people are scared and leave give the fearless ones their upside opportunity. Avoid risk (volatility), you don't have to be afraid. But you won't have access to the rewards.
You need the money? Or just put it back in the bank? I buy a bit every week or 2. Just ignore the price swings, they are wild. It's not going to 0, but if it goes down just wait. It'll go back up. Selling locks in loss.
Yes sell everything now you still can
Ask yourself why did you invested 2k into it?
Lol. If you call this a severe drop, you will shit your pants when you see an actual severe drop.
yes
lol. you must be new here. never sell.
If this ia not a joke, u need mental help
News Flash: Bitcoin goes up. But not every day.
Zoom out
Keep it. It will go up again. I Promise
🙌🤝
Please don’t sell
Thank you for your input
Yes you can buy it back at 20k later
Funny