$1100 to $750 is significant - page 7.

vantyzz

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Quote from: geopolisch on January 15, 2017, 01:48:33 PM

Quote from: Decoded on January 14, 2017, 04:29:04 AM

Yep, this price drop is significant. It signifies that this is a great time to buy more coin, at more than 30% off! I bought at $720, and now the price is upwards of $820, in a matter of days.

Bitcoin is grotesquely undervalued, and since the price to create a Bitcoin currently is around the high 600s or the low 700s, the price can't get any lower.

With the price reaching 1100$ people who were satisfied with price and decided to sell their bitcoin are now able to buy twice as much as they had considering how much it went down significantly in a short amount of time, as for the ones that didn’t take that opportunity have the chance to buy it at a lower prices.

Well said - discount.
Many panicked when they saw such a discount.
But this is not about us, because we are wise people and know when to buy Bitcoins, and when to sell.

geopolisch

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Quote from: Decoded on January 14, 2017, 04:29:04 AM

Yep, this price drop is significant. It signifies that this is a great time to buy more coin, at more than 30% off! I bought at $720, and now the price is upwards of $820, in a matter of days.

Bitcoin is grotesquely undervalued, and since the price to create a Bitcoin currently is around the high 600s or the low 700s, the price can't get any lower.

With the price reaching 1100$ people who were satisfied with price and decided to sell their bitcoin are now able to buy twice as much as they had considering how much it went down significantly in a short amount of time, as for the ones that didn’t take that opportunity have the chance to buy it at a lower prices.

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Quote from: manselr on January 14, 2017, 03:11:07 PM

Quote from: Gatorelf on January 14, 2017, 12:42:52 PM

Quote from: pooya87 on January 12, 2017, 02:19:09 AM

what i do is not based on times like this, i bought when price was low at $200 then sold a small portion when price had its first rapid rise and then bought back more bitcoin because i had profit.

then waited for another rapid rise and i did the same thing and bought back again.

after doing this a couple of times i now posses lots of bitcoin that i never though i could have.

and this rise was no different, i only sold a small portion on $1100 and i have been buying back at different levels and mostly at the 750-800 dollar range because of it being the bottom.

This is the same strategy I use when buying a particular stock for long term. I may wait on a bad day in the market then accumulate. BTC will become less volatile in the coming years and I am looking forward to that.

If it gets less volatile means the times for big gains would be over. You either want big gains or you want less volatility...

I don't see BTC becoming stable until it's around 100K per coin. We would need a trillionaire market cap in order to avoid the big ins and outs of money from the system. Anything less than a trillion marketcap is prone to big swings.

There are only 21M bitcoins

While right now the number is even less than that. If the price will ever be around 100K dollars per coin, how many bitcoins will be traded then? The market will be razor thin in this case, and you will see even more mind-boggling price swings both in relative and absolute terms. If you understand how price is shaped in such a market, you can't possibly come to any other conclusion. For the big ins and outs you refer to you would need by far fewer coins than you need right now in order to move the market at the same percentage

manselr

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Quote from: Gatorelf on January 14, 2017, 12:42:52 PM

Quote from: pooya87 on January 12, 2017, 02:19:09 AM

what i do is not based on times like this, i bought when price was low at $200 then sold a small portion when price had its first rapid rise and then bought back more bitcoin because i had profit.

then waited for another rapid rise and i did the same thing and bought back again.

after doing this a couple of times i now posses lots of bitcoin that i never though i could have.

and this rise was no different, i only sold a small portion on $1100 and i have been buying back at different levels and mostly at the 750-800 dollar range because of it being the bottom.

This is the same strategy I use when buying a particular stock for long term. I may wait on a bad day in the market then accumulate. BTC will become less volatile in the coming years and I am looking forward to that.

If it gets less volatile means the times for big gains would be over. You either want big gains or you want less volatility...

I don't see BTC becoming stable until it's around 100K per coin. We would need a trillionaire market cap in order to avoid the big ins and outs of money from the system. Anything less than a trillion marketcap is prone to big swings.

Gatorelf

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Quote from: pooya87 on January 12, 2017, 02:19:09 AM

what i do is not based on times like this, i bought when price was low at $200 then sold a small portion when price had its first rapid rise and then bought back more bitcoin because i had profit.

then waited for another rapid rise and i did the same thing and bought back again.

after doing this a couple of times i now posses lots of bitcoin that i never though i could have.

and this rise was no different, i only sold a small portion on $1100 and i have been buying back at different levels and mostly at the 750-800 dollar range because of it being the bottom.

This is the same strategy I use when buying a particular stock for long term. I may wait on a bad day in the market then accumulate. BTC will become less volatile in the coming years and I am looking forward to that.

Decoded

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Yep, this price drop is significant. It signifies that this is a great time to buy more coin, at more than 30% off! I bought at $720, and now the price is upwards of $820, in a matter of days.

Bitcoin is grotesquely undervalued, and since the price to create a Bitcoin currently is around the high 600s or the low 700s, the price can't get any lower.

traderethereum

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Quote from: Loganota on January 14, 2017, 12:18:28 AM

Those who have been around for some time, know that it is common, there is a high, whales begin a dump and there is a panic sell. The important thing is to always think in the long run, dump is an opportunity to buy more. As someone said, we will probably look back and wish to buy more in a few years from now.

when the price is drop until $8xx, i see the panic sell is happen in the market and it cause the price of bitcoin getting more down until reach $7xx but now the price is back into $8xx and i hope that the price will be back into $1000 soon. i think people is not playing for long term but they are playing in short term and i think this is why the panic selling is happen and it makes the price to go down.

Nahl

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indeed it is significant but do not forget too that people also already get big profit too when bitcoin price at range $1100 and i must says that when the price down faster i do a part of panic selling even i didn't sells all of my bitcoin but i decide to cutting my losses but currently i'm buying back and still hold to wait my target price

buwaytress

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I'm sure there were a lot of people somewhat deflated by how quickly bitcoin slid back down the $1000 slope but this will be tempered by the opportunity to buy even more at today's relatively good prices.

I'm still a good three months away from being in a position to purchase my first bitcoin... so a part of me hopes for even lower prices by April.

I know I'm not alone among long-term holders too!

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Quote from: Text on January 14, 2017, 12:31:05 AM

I missed the price updates before the Christmas day ends until January 12 and I was shocked seeing that the value has been already decreased. It's okay at least I still have my coins in my wallet, I am hoping that this continues falling down will change to increasing again.

I think it's really hard for bitcoin to restore its price until $1100 again or even surpasses it, as someone said that bitcoin price when it just reached $1100 is overbought and will eventually finding its stable point when people have made a decision to sell their bitcoin massly and it's proven to be happened and the price was decreasing in just short amount of time.

Text

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I missed the price updates before the Christmas day ends until January 12 and I was shocked seeing that the value has been already decreased. It's okay at least I still have my coins in my wallet, I am hoping that this continues falling down will change to increasing again.

Loganota

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Those who have been around for some time, know that it is common, there is a high, whales begin a dump and there is a panic sell. The important thing is to always think in the long run, dump is an opportunity to buy more. As someone said, we will probably look back and wish to buy more in a few years from now.

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Quote from: Nemiro on January 11, 2017, 02:07:38 PM

Quote from: Gatorelf on January 11, 2017, 01:56:14 PM

In a price range such as this I was curious how most of you hold/trade your asset. Such as just hold and never sell, position trade based on price and or swap currencies through an exchange for another and or cash out.

Yes, Just only 9 days , Bitcoin has decrease nearly 400$. It's really not normal. we only know that China will give out some rules to control bitcoin and They don't want foreign currency to go out of china. That's it.

It was an speculation bubble that is it. The price of bitcoin is more or less where it was before the bubble so this was a manufactured bubble by those that wanted to cash out some of their coins. They created the bubble to being able to cash out and earn money in the process.

lol3c

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Quote from: Gatorelf on January 11, 2017, 01:56:14 PM

In a price range such as this I was curious how most of you hold/trade your asset. Such as just hold and never sell, position trade based on price and or swap currencies through an exchange for another and or cash out.

I can not sell my Bitcoin due to some several reasons so I decide to keep those Bitcoin instead of selling them. although the price has dropped lower thab $800, Bitcoin will absolutely increase again. Since right now is almost Chinese new year, most of Chinese investors would sell their Bitcoin.That's why I think there ia no reason to be panic. Be patient with Bitcoin and you will be rich

pacifista

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Not as significant as last years rally, from 200$ going up 1150$. It will be more significant if the price goes down so fast and so deep,from 1150$ to 100$. But its too impossible to happen right now cause bitcoin bounces back again.

lemipawa

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$770 to $810 for the last 12 hours that's what I see in preev and it may stay at that level for the next few days but hey this is Bitcoin, party time is not over yet. We did not anticipate the ATH of $1200+ and it may happen again. Hold if you still have coins with you.

eternalgloom

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I would say that while the drop in price is definitely significant, it's also somewhat founded on FUD and exaggerated news from China.
If you take that into account, this is just temporary.

NUFCrichard

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The move is obviously significant, it is a $350 move! It makes me think that we may not see an old style bubble of epic proportions again, this was more of a mini-bubble.
I sold a few coins, but missed the top. I don't day trade but I have been holding since about $250, so was ready to take some profit if I felt the price was rising too fast.

The big crash from 1100 to 900 in 1h was crazy and made me want to cash out some. Volatility is one thing, but seeing a 20% swing in minutes is another. It made me wonder that if China ever did really ban Bitcoin (not impossible) then what would happen to the price?

Anyway, I am hoping for the price rise that has been going on for 6 months will continue now that the mini-bubble is over. If the price goes down significantly more, I might look to buy some more (sub$500)

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Quote from: Gatorelf on January 11, 2017, 01:56:14 PM

In a price range such as this I was curious how most of you hold/trade your asset. Such as just hold and never sell, position trade based on price and or swap currencies through an exchange for another and or cash out.

Well i think long time bitcoin users already saw this coming and of course, agressive experienced traders base their selling on how the price moves. And for me, since i'm not yet that experienced and confident about my trading, i'll hold on to the btc's that i currently have right now. And with the drop, i think its also a good time to buy a couple of more btc's to hold on to.

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Quote from: marcoman22 on January 13, 2017, 12:37:40 AM

I hope btc price will not fall below $700. It mainly occured due to policies made by PBOC. They just wanted to save yuan price from falling. It created a dramatic change in price within 2 weeks. It is the best time to buy bitcoins who want to hold in long terms. Surely, its price would increase much higher in future due to its increase in demand as more people are getting familiar about bitcoins.

The same happened in 2013 as well. After BTC hit $1,000 per coin, there was some bad news from China, and the exchange rates collapsed. The rates never recovered, as the Mt Gox scandal occurred after two months.

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