Bits.ca – Bitcoin and Crypto Currency News and Resources

It is aligned with the US presidential election and many other things. 2012, 2016, and 2020 have been memorable years. Very dynamic and each one setting a new tone. I wonder where this cycle will take us. Any thoughts? submitted by /u/alive_consequence [link] [comments]

Bitcoin has always had ups and downs, the market corrects so often I have lost count. It went up 100% in a matter of weeks and corrected by 5% in a matter of hours. If this dip makes you feel uneasy, take this time to read more about why this technology matters, why it changes the game, why it was created in the first place. Because I don't know anyone who fully understands Bitcoin and doesn't own some. Don't get so lost in the euphoria of a rising market, and when you do start to feel your steps becoming lighter on the high of a rising market take a step back and prepare yourself for a correction. The best thing you can do is to keep reading, keep learning, find and fight your biases, don't get emotions on board. The heart is for loving, use your mind of everything else. submitted by /u/xXCsd113Xx [link] [comments]

I'm 60 and have been a longterm bitcoin investor ever since I stumbled upon this community. i want to thank all those who have given me the motivation and the information that a person my age (53 then) needed to get started and get somewhat knowledgeable with this new technology money thing. I was, 7 years ago, in crippling debt and praying The Lord to find a way to send my children to college one day. After discovering this community and reading up on all the posts I scrapped together all I could, sold my car, my wife's car (with her consent of course) and invested all of it into bitcoin. The stress on my shoulders was unreal, I don't know what I would have done had this failed. But one day I saw the light at the end of the tunnel. I couldn't believe it. The next few years of my life were simply beyond anything I could have imagined. I paid off my debts, bought a house for me and my family, and sent 2 of my kids to college. (Last one graduates this year from high school) Yesterday my house burned down. My stuff is pretty much a loss and ill have to find a new place to live, but my kids are ok, my wife is ok and all of the pets are ok. Pictured is my 13 year old cat after being rescued by the Fire Department. Sadly I kept my crypto offline on a laptop that was in the room the fire started in. I'm told it's gone. After losing my job this year due to lockdowns and everything that happened yesterday I'm really not sure what I'm supposed to do or what the future holds for me and my family. I got lucky in the past and have faith I'll get lucky again. But all I care about right now is letting this community know how thankful I am for everything they have done to make my past 7 years the happiest I could have ever asked for. Thank you for talking to me and explaining to an out of touch old fart how this whole thing worked. I wish all of you a happy crypto journey and life ahead! Rob. ( I would have liked to thank a few users personally so I apologize for the throwaway account but people I know follow me on my main one) submitted by /u/RelevantReplyAgent [link] [comments]

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If you don't sell then it's not a realised loss. If you believe BTC and Crypto are worth much more then yes it's nice to see corrections, the correction should be seen as a discount. Age old saying, be greedy when others are fearful and fearful when others are greedy. Think of the bleed as a pre Black Friday sale :), maybe there is a bigger sale/discount coming on Black Friday! Remember to buy wholesale and not retail. submitted by /u/samdotla [link] [comments]

submitted by /u/robis87 [link] [comments]

Welcome, OGs, HODLers, noobs, welcome. Welcome to the fucking show. If this is your first circus, gather around. If you've been here before, then get your membership card stamped at the table. If you're certified member, then you're wondering why the fuck I'm even talking. Yeah, this is business as usual. Some of you are looking for answers; others don't even know the questions. Allow me to speak freely. This is the internet after all, what the fuck are you going to do to stop me? When uptrends end, buyers stop placing their limit orders. Buyers like you and me. As normal buyers dry up, the liquidity providers step in and set their sell orders. There needs to be action; this is how exchanges make their money. Unaware people say these sell orders are "whales dumping." Sure, there are probably a few OGs in there, as there are normies. However, the exchanges have to provide liquidity if there isn't enough. At this point, if the buyers don't outweigh the liquidity providers, the longs get liquidated and the shorts come in. Thus, the dump commences. Since the buyers have long since gone, the only ones left are the shorts, the liquidity providers, and the stop losses getting harvested. This is an unregulated market. Thus, my only assumption is that the exchanges are calculating how to trigger the stop loss free fall because they have access to all the order books, even those that are hidden from sight from you and me. You'll never win that game. Some among us get lucky once and think they're invincible. Then it will happen again, and again. You'll be up all night puking out losses when it happens next. Oh the sleepless nights followed by the longest most unproductive days. Welcome to the fucking show. Some of us know, we've been there years ago. But we slept like nothing happened last night, and we'll do the same tonight. This is just another Thursday. This drop isn't done. We're still currently in the longest sustained uptrend in BTC's history without a 30% correction. Think about that. BTC, through all of its parabolic runs has never seen an uptrend as long as we've been in since March without a 30% drop. It's coming, and this is probably it. If not, BTC will have another record in the books. I don't tell people to buy, I don't tell people to sell, I just try to provide context. The context is this: Imagine the 19th century gold rush in the US. People left their homes, traversed snow capped mountains in the dead of winter, passed through the Sonoran Desert during the height of summer, all for the prospect of getting rich on the west coast. Now imagine those same people have access to a device where they can hope to get rich with the few clicks of a button. That's you, me, and all the other Crypto Rushers. Money brings out the worst in people. You're going to see truly horrific stories of people leveraging their life savings, their kids college fund, their house, all for the prospect of getting rich. Divorce, homelessness, suicide will be common themes in the coming months. Money brings out the worst in people. You're going to see people say they are leaving Reddit for a few days. They won't last even a few fucking minutes. This is Hotel Cryptofornia: check out whenever you like, but won't ever leave. If we're truly at the precipice of a parabolic run, this is just the beginning. We've seen the parabolic run that ended in November 2013. We've seen the parabolic run that ended in 2017. And if the 4 year cycle theory holds to be true, we will see a parabolic run end in Q4 of 2021. If history holds true, we will bottom out around $13,500. After that, the next time we see the $20,000 ATH will also be be the last. You wanted in this game, and now you're here. This is the way it is, and it won't end any time soon. So either take the advice from those that have been here long before, or continue the sleepless nights during these dump. What's helped me is: Pretend my crypto investments are a bill that I pay Never use leverage Only look at my portfolio one day a week Buy every 25+% dip You also need to have a plan for when to exit. Whether it's a specific price, or a specific time of the year. Figure it out before you buy. I'm not selling shit until Q4 of next year. I don't care what the price is, and I don't care if the top happens to be in Q3 instead. I've made my decisions, I have my plan, and I'm sleeping just fine. If you're not; then get your plan to buy, set your plan to sell, and set your interval of checking your portfolio. And welcome to the fucking show. submitted by /u/UIhomelessAPIGuy [link] [comments]

I bought my first coin of btc in 2013....I see people freaking out. The best lesson I've learned all these years 2fa account Get u2fa when you can afford Dont sell and dont get greedy. I buy for my daughter NOT ME. buy stable and use profits for alt. This way as alt drops you didn't lose the investment just the profit Bunch of my friends who bought in this month are freaking out over buy 600$ of xrp and losing. I said "buy btc and eth, roll profits down to alt" I've lost alot and I've made alot. Simple thing is I dont buy to get rich. I buy because I want decentralized currency for my daughter. This is a revolution not a stock market My grandfather taught me when I was very young "dont ever lend money or invest it unless you can live with never getting it back" Buy to start a revolution. Buy to topple government. Buy because you believe....but hey I'm just an idiot hoping for a better future maybe I'm wrong submitted by /u/volatileutopia [link] [comments]

Lost so much money today, I don't care at all. I've been in the space for more then 3 years now, I have seen a lot. ​ These corrections, big crashes, the fomo, the panic selling... I LOVE IT ALL. You know what is boring? having nothing happen for 6 fk months. These days are lovely, every youtuber making a fucking video, texting everyone about it and discussing when to buy the dip, how much more money are we going to invest this time? whahahha Crashes are just so much fun. If your plan is to hold for 3 years it doesn't matter anyway this shit goes to the moon or to zero that is just the nature of the game submitted by /u/pokerslam556 [link] [comments]

We've all seen "not your keys, not your coins" but few folks understand that as it comes to exchanges. If you buy any coin on an exchange and hold it there, your money is invested in the exchange and represented by the value of the crypto - it is not invested in the crypto. The exchange agrees to change the value of your investment based on the market value of the crypto - but it's in their wallet, not yours. If the exchange goes bankrupt, gets gox'ed, etc., you have no recourse in terms of "your coin." They weren't yours, they were the exchanges, and they just showed you that invested value in them in the coin value of your choice. There's nothing inherently wrong with using exchanges for convenience, for earning interest, etc., as long as you understand you're invested in the exchange itself, regardless of what crypto they show you the value as in your account with them. The only coins that are yours are the ones in your wallet - hot, cold, paper or otherwise. submitted by /u/mreed911 [link] [comments]