News for hackers. Stuff that matters.

Does anyone think Bitcoin will recover?

I have been seeing my investments steadily lose money over the past month. does anyone think this will recover or just I just bail? Obviously no one has any way of knowing, but the past month has sucked big time.
( 5 comments | on HN )
Re:Does anyone think Bitcoin will recover? by r721 on Thursday December 09, 2021 @03:40PM (#29502628)
Did you look at all-time logarithmic price chart? (https://www.tradingview.com/chart/?symbol=BITSTAMP%3ABTCUSD , click "all" and "log")

There was a few years long period of stagnation after every peak.

Re:Does anyone think Bitcoin will recover? by Normille on Thursday December 09, 2021 @04:14PM (#29503024)
The irritating thing about crypto investing [I have a couple of grand's worth divided amongst about half a dozen coins and have been HODLing for about 5 years now] is that they almost always rise and fall together. So there's rarely an option to sell one while it's on a high to fund purchasing another while it's low.

As regards price predictions. My gut feeling is that long-term the price is only going up. But there will likely be many spectacular rises and falls on the way. But I wouldn't wipe my arse with most of the short-term predictions by all these so-called 'analysts' on the various crypto news sites. They'll say one thing today and [with equal conviction and confidence] the exact opposite tomorrow --often with fancy charts to try and make it look like they have a fucking clue what they're on about

Re:Does anyone think Bitcoin will recover? by Marine4Life on Thursday December 09, 2021 @03:59PM (#29502863)
"Be fearful when others are greedy, and greedy when others are fearful." - Warren Buffett

But in all honesty, Bitcoin will recover. The question is have you done your due diligence and are financially sound enough that you can wait out the recovery? A lot of people kick themselves for selling to early and never ask themselves why did they not wait it out? The reason people sell early and not wait the long game is they were to exposed to risk and needed to liquidate to stay afloat. Ask yourself this, if you can afford for your bitcoin to go to $0 and you are still ok, HODL. If BTC entering a long bear market can rekt you, you may want to consider taking a partial loss now to hedge your bets later. For the record I am not a financial adviser and this is opinion not financial advise.

Re:Does anyone think Bitcoin will recover? by tboyd47 on Thursday December 09, 2021 @03:36PM (#29502580)
If you did your due diligence as an investor, you should already know Bitcoin is prone to large price crashes: -81.8% in 2017, -50% in 2020 and -53% earlier this year. -17% is a minor fluctuation compared to those. Be prepared to see it sink down to $20,000 or even lower.
Re:Does anyone think Bitcoin will recover? by PrivateLaws on Thursday December 09, 2021 @03:37PM (#29502587)
If the trend continues, it will. I keep a part of my crypto money in cash for when crashes happen.