Bitcoin dropping like a stone - page 3.

veleten

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Quote from: Xanotick on March 31, 2017, 01:51:42 PM

Quote from: dacueba on March 29, 2017, 01:13:37 PM

people are afraid after so many falls

I guess will take some time for them to recover confidence and buy again

I think people are having more confidence in bitcoin now. The price of the altcoins are starting to drop, and bitcoin price has risen.

its not about more confidence in bitcoin per se ,rather less confidence in altcoins
but I don't see bitcoin price rising much,it is far away from the pre ETF peak of 1270$
also LTC has been pumped recently,along with some other coins and DASH and ETH are going strong

Xanotick

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Quote from: dacueba on March 29, 2017, 01:13:37 PM

people are afraid after so many falls

I guess will take some time for them to recover confidence and buy again

I think people are having more confidence in bitcoin now. The price of the altcoins are starting to drop, and bitcoin price has risen.

dacueba

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people are afraid after so many falls

I guess will take some time for them to recover confidence and buy again

Mr.grin

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Well, several times I saw the price of bitcoin down so quickly. in fact, it is like a stone thrown from a height. but, it is something that often happens. if you do not have confidence in the bitcoin, maybe you will panic and sell all bitcoin that you have when it happened.

richardsNY

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Quote from: South Park on March 29, 2017, 11:05:05 AM

Quote from: hotpassion on March 24, 2017, 08:38:37 AM

I sold all my BTC last week when the price is about 1150. The price is about $980 now. Is it the right time to buy back? It's hard to predict if the price has reached bottom yet. Huh

There is no way to know exactly how low the price of bitcoin will go but if you followed your instincts then you are already in profit since at the moment the price is 1045 dollars, sometimes you need to follow your instincts if you are to become a successful trader.

Instincts and feelings are a horrible guide when it comes to trading or investments. In this case he was just lucky to have sold his coins before the price happened to go down. However, being lucky once doesn't mean you'll automatically have that same bit of luck the next time. Actual market analysis is the best possible way to decide what your next action will be. All other things are just redundant.

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Quote from: hotpassion on March 24, 2017, 08:38:37 AM

I sold all my BTC last week when the price is about 1150. The price is about $980 now. Is it the right time to buy back? It's hard to predict if the price has reached bottom yet. Huh

There is no way to know exactly how low the price of bitcoin will go but if you followed your instincts then you are already in profit since at the moment the price is 1045 dollars, sometimes you need to follow your instincts if you are to become a successful trader.

The Sceptical Chymist

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Quote from: Hazir on March 27, 2017, 10:32:12 AM

Quote from: Gotottack on March 23, 2017, 09:44:26 AM

Sadly, bitcoin is really looking to stabilize below $1,100 and it did not retain the $1,200 levels. So far right now there are plenty of alt-coins that are stabilizing at their current levels and seems that right now is looking to be an image of what are the baselines. Well, it is still a good level in my opinion.

Sadly? I think this is pretty fair outcome, considered pretty uncertain situation we are in.
We should be pretty happy that we didn't witness crash to the sub ~$800 levels, and instead we had consolidation and recovery.
I am not sure that current price shifts of bitcoin are caused by potential fork eventuality or rather actions of Trump administration.

Ugh. Trump has got nothing to do with the price of bitcoin. Btc is too global to be affected by one country's dick taster. It's this fork thing. People panicked and sold, and now we've rebounded nicely. I'm actually surprised that we didn't dip lower. The momentum to do so was certainly there.

N@p$t3r

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Price drop is good for margin selling... price up is for margin buy. I have just realized that the bitcoin's movement itself is what made it a good keep.

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Quote from: Gotottack on March 23, 2017, 09:44:26 AM

Sadly, bitcoin is really looking to stabilize below $1,100 and it did not retain the $1,200 levels. So far right now there are plenty of alt-coins that are stabilizing at their current levels and seems that right now is looking to be an image of what are the baselines. Well, it is still a good level in my opinion.

Sadly? I think this is pretty fair outcome, considered pretty uncertain situation we are in.
We should be pretty happy that we didn't witness crash to the sub ~$800 levels, and instead we had consolidation and recovery.
I am not sure that current price shifts of bitcoin are caused by potential fork eventuality or rather actions of Trump administration.

232drialf

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Quote from: 1Referee on March 26, 2017, 09:00:03 AM

Quote from: zimmah on March 26, 2017, 08:51:01 AM

It happened before, a few months ago, and we recovered from that as well.

Maybe we can recover this time, but I'm not sure with all the FUD right now.

The market falling to low $900's, and even slightly below $900 for a brief moment, don't really mean anything. It's the demand that matters as it is constantly lifting up the price after basically every dump we have experienced in the recent weeks. In that regard, you can even say that the market is moving in an obvious repetitive pattern that allows traders to ultimately benefit from these price swings. It's a great opportunity for basically everyone with the ability/understading to exploit these patterns.

In my opinion, bitcoin prices are not as bad as a few months ago. and rate above $ 900 is quite feasible.

1Referee

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Quote from: zimmah on March 26, 2017, 08:51:01 AM

It happened before, a few months ago, and we recovered from that as well.

Maybe we can recover this time, but I'm not sure with all the FUD right now.

The market falling to low $900's, and even slightly below $900 for a brief moment, don't really mean anything. It's the demand that matters as it is constantly lifting up the price after basically every dump we have experienced in the recent weeks. In that regard, you can even say that the market is moving in an obvious repetitive pattern that allows traders to ultimately benefit from these price swings. It's a great opportunity for basically everyone with the ability/understading to exploit these patterns.

zimmah

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It happened before, a few months ago, and we recovered from that as well.

Maybe we can recover this time, but I'm not sure with all the FUD right now.

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Quote from: Bitcoin0916 on March 25, 2017, 10:37:54 PM

Don't worry, it's been good, I'm sure the early april the price will be above $1200, don't sell your bitcoin. Speculators trying to find a little bit of profit so making price corrected. They will buy more and the price is going up.

I am not so sure. The potential split is still an issue. Some people are staying away until this is sorted out.

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Quote from: Gotottack on March 23, 2017, 09:44:26 AM

Sadly, bitcoin is really looking to stabilize below $1,100 and it did not retain the $1,200 levels. So far right now there are plenty of alt-coins that are stabilizing at their current levels and seems that right now is looking to be an image of what are the baselines. Well, it is still a good level in my opinion.

Don't worry, it's been good, I'm sure the early april the price will be above $1200, don't sell your bitcoin. Speculators trying to find a little bit of profit so making price corrected. They will buy more and the price is going up.

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Quote from: Ron~Popeil on March 24, 2017, 03:49:52 PM

Quote from: hotpassion on March 24, 2017, 08:38:37 AM

I sold all my BTC last week when the price is about 1150. The price is about $980 now. Is it the right time to buy back? It's hard to predict if the price has reached bottom yet. Huh

Well its quite difficult to predict anything now but i am sure this is neither the bottom nor $1150 was the highest so you have to play really smart and if possible buy back bitcoin when the price drops because the reason we all are here researching and dealing with bitcoin is because we have faith in bitcoin that it will surely hit back with increased value so its better to buy back bitcoin so that we can earn more profit when the value increases.

Yes we trust the btc much more. i dont want to make the same mistake which i did last year. i sold the coin thinking the price will not raise again and the value is getting much less then i regretted very badly. i understand one thing even if the price value of btc goes down then again it recover faster than gold or other investment options. what we have to do is we have to be patience when dont work in the right way sooner or little later we will see the benefit because of it.

richardsNY

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Quote from: Febo on March 24, 2017, 05:28:30 PM

Quote from: MiBambino on March 18, 2017, 08:50:46 AM

Any idea hy bitcoin is dropping so fast? Last night i was expecting it to go back up a little so i could take some money out of it and put it in ETH, but now i'd sell with a significant loss. What made it drop?

Seems the bitcoin bubble will finally burst.

Oh price drop because people started buying another bubble called ETH.

No bubble means no burst. It's the speculation about a potential hard fork that takes down a price that we have been building up by real demand. If you look at Ethereum, then you can legitimately talk about a bubble. It's insane that people are entering Ethereum at such prices. People are hopping from Bitcoin to altcoins in order to benefit from the rush that they are experiencing right now. I feel really sorry for those that will get burned once things cool down.

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Quote from: MiBambino on March 18, 2017, 08:50:46 AM

Any idea hy bitcoin is dropping so fast? Last night i was expecting it to go back up a little so i could take some money out of it and put it in ETH, but now i'd sell with a significant loss. What made it drop?

Seems the bitcoin bubble will finally burst.

Oh price drop because people started buying another bubble called ETH.

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Quote from: Ron~Popeil on March 24, 2017, 03:49:52 PM

Quote from: hotpassion on March 24, 2017, 08:38:37 AM

I sold all my BTC last week when the price is about 1150. The price is about $980 now. Is it the right time to buy back? It's hard to predict if the price has reached bottom yet. Huh

Well its quite difficult to predict anything now but i am sure this is neither the bottom nor $1150 was the highest so you have to play really smart and if possible buy back bitcoin when the price drops because the reason we all are here researching and dealing with bitcoin is because we have faith in bitcoin that it will surely hit back with increased value so its better to buy back bitcoin so that we can earn more profit when the value increases.

The idea feels good but the best idea what i can tell is wait for atleast a week and then check how it goes if the price goes down more than this then plan to buy back the coin, if the price goes high then you will be in profit so that you can sell the bitcoin for much higher value. we all have faith in the btc because of the overall benefit which we get from it. hoping same thing will happen and btc to reach to its highest peak.

N@p$t3r

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Well you know amigo, I am starting to wonder if somebody is trying to control the bitcoin market psychology by means of news and media. It feels like when they want to make money they will press release an awesome news and then they will sell tons of bitcoins at a high price. Once they were satisfied, bad news will suddenly come out causing weak hands to sell low... kinda funny and scary. I dunno if my hands are weak.

Ron~Popeil

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Quote from: hotpassion on March 24, 2017, 08:38:37 AM

I sold all my BTC last week when the price is about 1150. The price is about $980 now. Is it the right time to buy back? It's hard to predict if the price has reached bottom yet. Huh

Well its quite difficult to predict anything now but i am sure this is neither the bottom nor $1150 was the highest so you have to play really smart and if possible buy back bitcoin when the price drops because the reason we all are here researching and dealing with bitcoin is because we have faith in bitcoin that it will surely hit back with increased value so its better to buy back bitcoin so that we can earn more profit when the value increases.

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