It's possible. Once bitcoin (and cryptocurrencies in general) become more established in the mainstream their price will stop swinging so wildly as it does now.

Every currency has occasional slumps, sometimes pretty big ones, it happens. Usually such slumps just mean that one can eventually buy it at a lower price before it starts rising again.

Quote from: Nate11 on November 23, 2018, 05:39:29 PM

No one organization can boast about having control of Cryptocurrency Because if the decentralized structure of Cryptocurrency.
True or false?

Although it is a decentralized structure but some parties are still able to control the market in their favor. Those are rich people where they hold big amount of coins in crypto space.

Who are those parties?

The Financial Conduct Authority (FCA) in the UK plans to launch a consultation on a potential ban on the sale of derivatives, based on cryptocurrency coins like Ethereum, Bitcoin and Dash – a move that counts as the first major effort to regulate the growing crypto market.

The consultation on whether to ban retail trade with cryptocurrency based derivatives like CFDs (Contract for Difference) options and futures, will be held in the first quarter of next year.

“A combination of market immaturity, illiquidity and a lack of available information regarding the market give rise to concerns about market integrity,” FCA says in its statement, adding that in their opinion “crypto assets have no intrinsic value and investors should therefore be prepared to lose all the value they have put in”.

Source: https://theforexreview.com/2018/10/30/uks-fca-consider-ban-on-crypto-derivatives/

I really could not have put it better than the original post did. Panic trading and revenge trading just lead to more losses, always trade on a cool, level head and don't allow your anxiety to cloud your judgement.

Honestly speaking, I got hooked from the hype when I started this journey. The magic words were "revolutionary", "new", "profit", "invest before it's too late". Soon after, I realized crypto it wasn't all rainbows and unicorns.

The hype has definitely been real and very intense. And a lot of people, myself included, had rose-colored glasses on for a while.

Both can be profitable if you know what you're doing. And if you don't, obviously, both can lead to losses.