I was telecommuting from home, doing my normal job, and thought it was just a normal day in my life.

And what happened next surpassed almost all my experiences and imaginations.

This evening, Bitcoin plunged to $1,000 in just 10 minutes, and the market was extremely panicked. The next morning, Bitcoin continued to plummet, falling as low as 3,800, which was cut in half in just 24 hours. To be honest, this is the first time I have seen such a big scene in the industry for more than a year.

My mood ranged from disbelief, to feeling like a world away, to numbness, and I still couldn't believe what happened after I calmed down.

Remember the interviews we did with some Cobo users late last year? They are a group of vigorous strugglers in the currency circle. They are very ordinary, have no hacks, and no cheats; they are very passionate, like Bitcoin from the bottom of their hearts, and love their industry; they are also very real, and they are pursuing wealth and On the road of dreams, there are laughter and tears, excitement and confusion.

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"At that time, my hands and feet were cold and I was covered in cold sweat..."

Xiaopeng is not a good gambler. Out of optimism about the halving market, he opened a small leverage at a price of 9,500, and the liquidation price is about 7,000 US dollars. Before that, he never thought that there would be a possibility of liquidation, and this was the first time he had experienced such a big market fluctuation.

Talking about the night of the liquidation on 312, Xiaopeng said that his hands and feet were cold and sweaty all over, and a thought floated in his mind: I don’t know how to take pills...

After calming down, the biggest feeling is that the coins are gone, and the liver hurts. But fortunately, my wife comforted me: Don't be sad, you will earn back.

There are many good buddies who feel the same way as Xiaopeng, such as sauerkraut.

Pickled cabbage said that he lost more than half of this time, mainly due to leverage. He was basically not worried about the floating loss of the spot. At that time, he thought that if it fell again, it would not fall below $2,000.

The belief in sauerkraut was a bit hit during this plunge. "Pie has almost lost its safe-haven attributes. In the plunge of mainstream assets, BTC should be regarded as leading the decline."

In the past, pickled cabbage felt that Bitcoin was risk-resistant, regardless of whether it rose or fell, it was independent of markets such as stocks. "Now it is a part of assets and an item in asset allocation. When risks come, selling pressure It is still big, and the previous plunge also shows that the leverage on the market is indeed too high."

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"As long as you don't sell, there is hope"

"The currency circle has been mixed for several years, and there have been too many ups and downs."

Laodu has been in the currency circle for a long time, and has experienced many similar fluctuations, and his mentality is not bad. Although my principal is 7,600 US dollars, I am not worried at all when my assets are halved.

The old tease thinks that last year, the lowest price of Bitcoin fell below 3,400 US dollars, and then it rose to 13,000 US dollars.

The reason why love is powerful is that you just stick to it and don't think about the gains and losses for a moment.

At the time of the worst fall, he never worried about going to zero, and he would not panic sell. "Since you are in this circle, you must be optimistic, otherwise you will be out of the game and stop playing. Anyway, it is all floating profits and losses. As long as you don't sell, there is hope. If you have no faith and rely on others to recharge, then it is not suitable Stay in the currency circle." Old teaser said.

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"Do your best, obey the destiny"

From the perspective of the currency standard, Brother Guiling has no losses. He has always been a buddhist holding currency, does not play futures, and has no leverage. "Ninety percent of my personal assets are currently in bitcoin. I don't have the concept of cashing out, or I'm not investing, I'm saving. Since it's saving, how can I sell it? I may use it directly in the future. Bitcoin is spent."

"It's a good thing to clean up this big drop. The whole world is flooded. Bitcoin will become famous this time."

Talking about his belief in Bitcoin, he said affirmatively, "My belief must have always been there." Brother Guiling knew about Bitcoin in January 2018. At that time, Bitcoin had just gone from a big bull market of 20,000 US dollars. Enter a bear market. Seeing the news that Bitcoin has reached the top of 20,000 US dollars, I have a strong interest. Why is this thing so valuable? what is the value Unexpectedly, after understanding, it was out of control.

The first time Brother Guiling bought Bitcoin was around US$8,000, and when he bought a large number of bitcoins at more than US$3,000, he happened to have a sum of money at that time, so he studded. After that, I bought less, so the cost is not high. Brother Guiling thinks that luck is very important. At the bottom of the bear market, there is money, so the cost is lowered. "If I encounter a very difficult time, even if the bitcoin is worth one million dollars next year, then I can only sell it. Luck is very important. Do your best and obey the destiny. I will finish hoarding the coins and leave the rest to God."

Brother Guiling believes that the halving market still exists. The halving market is Bitcoin’s own cycle, once every four years, it breaks the balance of supply and demand, bringing about a booming bull market, then it rises too high and plummets into a bear market, and repeats itself until the market value is large enough. This is the path of growth amid ups and downs.

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"I really like bitcoin"

In Aunt Wang’s view, Bitcoin is rising every year, and the bottom of each year will be higher than the bottom of the previous year. “Even if the panic price hit 3,800 a while ago, it is still higher than last year’s lowest point of around 3,500.”

Aunt Wang has a small principle, and she also talked with everyone in the Cobo group - the new low is sideways and the new low is a good time to open a position and buy. After 3,800, there was a small panic, and it went to around 4,500. In fact, it was also a good time to build a position. Don't panic too much. The rebound still has to be rebounded.

As for the halving market, Aunt Wang thinks that by the end of 2020 or early 2021, it will exceed 20,000 US dollars.

"There are fluctuations, especially when major disasters emerge. This is normal. When a disaster occurs, the investment products in hand are sold as soon as possible and exchanged for necessities (such as rice, flour, grain, oil, and various medical supplies for this epidemic) , reasonable. The epidemic caused factories to stagnate, investors will sell stocks and sell all investment products in order to survive, coupled with huge leverage, it will bring big fluctuations.”

It is impossible to say that there is no worry at all. When it fell to three or four thousand, Aunt Wang also panicked a little. "To be honest, everyone was in a mess at the time. I turned off the market software and asked myself, do I really like Bitcoin? Do I really like its inner definition? If I really like it, then calm down, and now it has fallen to I sold it at this price, can I buy it back smoothly? No, then continue to hold it, maybe the price will rebound in a few months. If you really don’t like it, then clear the position and don’t participate in this anymore. Ask Look at your heart and tell your true emotions.”

"Get closer to Brother Yu, I will do what they do. I am not alone in taking the risk, so don't worry too much. If it fails and returns to zero, I am not the only one who loses. Because I really like Bitcoin, this The most dog-licking thing I've ever done."

Speaking of her original intention of joining this circle, Aunt Wang said that she has never had the idea of ​​getting rich, so she can’t hold money, and if you don’t get rich in a hurry, you can go slow and fast. General Victory.

©️ bitcoinmagazine

write at the end

write at the end

As the well-known Bitcoin evangelist AA (Andreas Antonopoulos) said, "The Internet gives us freedom of expression, and Bitcoin protects everyone's financial privacy."

"Bitcoin will bring about a huge disruption, and its impact will in some respects be even greater than that of the Internet. It will not only affect finance, but also society as a whole."

Although there are still many people who reject it, deny it, and insist that it is a "bubble" and a "scam"; maybe your family and friends will question the industry you are in, and kindly advise you to get out of it when the market plummets. Pit; maybe you are a novice who has just entered the industry, and you are still working hard to save coins...

But none of us gave up our love, preached silently, and persisted persistently. Looking back at the past, you will find that there are so many difficulties, but we have come all the way.

Love is separated by mountains and seas, and mountains and seas can be leveled. Choose persistence because of love, and love more because of persistence.

I ❤️BTC.