Bitcoin is Falling...Is it Panic Time? - page 58.

shinchan123

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Quote from: iamTom123 on June 15, 2017, 11:33:33 PM

According to my friend preev.com, as of press time, the value of Bitcoin is standing at $2,351. Though I would say that this still considered as a feat, some are worried because it almost reached $2,800 again after the correction that happened days ago.

I have read that the decline can partly be contributed to newcomers especially neophyte traders who still have to be well-versed on the market...and can easily be ignited to do panic selling once they can fell that anything can be wrong.

Against this backdrop...are you holding on to your Bitcoin or transferring it into another digital currency?

Only some one who is new to bitcoin would panic because of falling prices. As you know, bitcoin started really cheap and it grew into thousands of dollars. You shouldn't panic because usually bitcoin price recovers after a week or two. So, just relax and hold on to your bitcoin.

supine

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Quote from: iamTom123 on June 15, 2017, 11:33:33 PM

According to my friend preev.com, as of press time, the value of Bitcoin is standing at $2,351. Though I would say that this still considered as a feat, some are worried because it almost reached $2,800 again after the correction that happened days ago.

I have read that the decline can partly be contributed to newcomers especially neophyte traders who still have to be well-versed on the market...and can easily be ignited to do panic selling once they can fell that anything can be wrong.

Against this backdrop...are you holding on to your Bitcoin or transferring it into another digital currency?

Try to hold on to your bitcoin because it already happened a lot in the recent years, yet bitcoin price recovers and even increased it's price. Bitcoin price is volatile so you should get used to it. It would be your loss if you panic and withdraw your bitcoin, instead of panicking, it's best to buy bitcoin when price is going down.

dart vader

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I dont think that it is a time to panic. Due to the volatile nature of Bitcoin,its market face many ups and downs and if there is a huge drop in its price then without any doubt the market will recover soon.So by not doing the mistake of becoming a panic seller we should hold our bitcoins and we should consider this price drop as an opportunity to buy some more bitcoins at lower rates because in future the price will surely rise again and we will get huge profits.

inevertell

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decreasing the graph of bitcoin rate is not a big issue because whenever the rate of bitcoin fall you need to invest more and more at that time and whenever the graph will increase then you can sale it out.

Pinkris128

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Quote from: iamTom123 on June 15, 2017, 11:33:33 PM

According to my friend preev.com, as of press time, the value of Bitcoin is standing at $2,351. Though I would say that this still considered as a feat, some are worried because it almost reached $2,800 again after the correction that happened days ago.

I have read that the decline can partly be contributed to newcomers especially neophyte traders who still have to be well-versed on the market...and can easily be ignited to do panic selling once they can fell that anything can be wrong.

Against this backdrop...are you holding on to your Bitcoin or transferring it into another digital currency?

Well I never panic whenever bitcoin price fall. Why? Because It will pump then after that and that was proven. The price of bitcoinwas not stable so its normal. Look on its value now it hits the $4000 already that was an evidence that we dont need to panic everytime its falls. I always hold and keep doing it because that gives me more profit and I believe that bitcoin will continue increasing before this year end.

bitcoinrays

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Quote from: ap3311 on September 23, 2017, 06:01:13 PM

Quote from: haroldtee on September 23, 2017, 02:08:07 PM

Quote from: ap3311 on September 23, 2017, 08:44:17 AM

it is time to make money, not panic time for those who know what it is and what kind of games it is.if you can follow the bitcoin and what's going on around , you are actually very comfortable in this regard. I had close to 30 thousand dolars and in the last 2 weeks I had it up to almost 40 thousand dolars. I am not always so knowledgeable and following. then I am just following the market. I follow people. I am watching them at the general decision and I am trying to make a positive decision. but if you're definitely doing something about the economy, the last thing to do is to be panic.

OMG! If everyone can just think like this dude right here, the crypto world will be a better place. However, I personally do not want everyone to think like that anyway cause we may end up not being able to buy at dips anymore. However, thinking like this will help us grow faster in a very short period than we can imagine. panicking can never solve any problem. Afterall, our normal traditional currency can loose value, but does that mean we dump it? No!

I think this is the nature of this job: panic! People make money this way. so some will lose that the others will win. mostly I think the system is walking like this. there is no way that everyone can win at the same time.I guess in a world where no one has lost, it will be very hard for people to win something. so we should always try to be on the winning side.The real question here is this. how will we succeed this? I have shared many times before. knowledge and patience. I think this is definitely the key to making money

At present bitcoins are increasing in value and they are probably expected to touch 5k dollars or above by the end of this year. I think that more and more people are thinking and rushing towards buying bitcoins because of the massive profits they are expected to produce before next year.

ProzCoin

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Quote from: Firefox07 on October 02, 2017, 01:33:29 AM

If bitcoin fall down there is no need to panic. Because it is the characteristic of bitcoin or any currency. It will fall down and then goes up again the next day or week.

It is a great time to buy more bitcoin instead of being panic when we see the price of bitcoin falls down. We know that bitcoin is supporting the world in many ways and with the technology of blockchain, we will have the better place to live

nightways

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Quote from: mustakforum on September 24, 2017, 12:38:02 AM

Quote from: iamTom123 on June 15, 2017, 11:33:33 PM

According to my friend preev.com, as of press time, the value of Bitcoin is standing at $2,351. Though I would say that this still considered as a feat, some are worried because it almost reached $2,800 again after the correction that happened days ago.

I have read that the decline can partly be contributed to newcomers especially neophyte traders who still have to be well-versed on the market...and can easily be ignited to do panic selling once they can fell that anything can be wrong.

Against this backdrop...are you holding on to your Bitcoin or transferring it into another digital currency?

I am not worried even though the price will drop dramatically, I would be worried if the price would rise again.

There is no need of getting panic especially at the present time when the market price of Bitcoin is falling down. In fact, this is a very good opportunity for all of us to increase the number of Bitcoins by buying as many Bitcoins as we can. This will result in a good amount of profit for us in the future.

Firefox07

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If bitcoin fall down there is no need to panic. Because it is the characteristic of bitcoin or any currency. It will fall down and then goes up again the next day or week.

offlinedragon

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Quote from: ngacengan on September 21, 2017, 08:08:33 AM

Quote from: iamTom123 on June 15, 2017, 11:33:33 PM

According to my friend preev.com, as of press time, the value of Bitcoin is standing at $2,351. Though I would say that this still considered as a feat, some are worried because it almost reached $2,800 again after the correction that happened days ago.

I have read that the decline can partly be contributed to newcomers especially neophyte traders who still have to be well-versed on the market...and can easily be ignited to do panic selling once they can fell that anything can be wrong.

Against this backdrop...are you holding on to your Bitcoin or transferring it into another digital currency?

panic? it is a very fatal mistake for bitcoin players, it should be and the most appropriate when bitcoin is crushed down is buy it at the bottom point of resistance because the bitcoin is not likely to go down but more to always increase, everyone in the world is very fond of bitcoin, they will buy bitcoin as much as possible if the price falls.

Very well said! I think this is a very good advice and everyone should act upon it. I think there is no point of getting panic and selling all of yours Bitcoin at much less price. You need to have patience and you need to control your nerves. Only then you can have a successful carrier in this field.

kodtycoon

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For now the bitcoin price stays at $4.1xx as long as the bitcoin price can still stay above $3000 I guess we do not need to panic, because the bitcoin price will recover eventually.

Flodemaga

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Quote from: bitbunnny on September 28, 2017, 12:59:43 PM

Now the price is recovering again but everyone who wanted had the chance to buy some Bitcoins at lower price and make profit in the upcoming period. So when the price falls it's not time to panic but to buy just that many users haven't figured that out and they are doing just the opposite.

Where i do live people says when the price drops its time to shop, because no one believe that bitcoin will remain cheap for a long period, and the truth is bitcoin may loose and get some hits but in the end it does recover and push back to bigger values. Big players does attack and try to manipulate always the value soo they can buy cheaper and get more bitcoins, one day people will stop helping those with their panic.

Ratters

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Bitcoin can't grow every moment. After the growth the price decline will be. It's a normal correction for the market.

Clairvoyance

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Perceiving events in the future and beyond

Prices do fall and rise at a given time. No need to panic since bitcoin's market is alive we can expect some major dip which is followed by a rise in price.

Lanatsa

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Quote from: wurth on September 28, 2017, 01:24:10 PM

Quote from: marcuslong on September 28, 2017, 01:12:42 PM

There no need to worry when the price is falling down i always think the price fall its because the holders are selling their bitcoins mostly bitcoin increases the price with in a week and will became into normal one and becomes more i always hold it because i always expect that bitcoin will become 4x the price .

For me, I have fixed the price of Bitcoin higher than $4,000, so I never sell my Bitcoin below this price, even I need to have money for emergency cases. But I still depend on the mentality of trader on the market, I'm not a stupid trader and only keep an opinion. Sometimes, I still need to change my strategy and target.

Strategy and target would really change depending on case to case basis and same as yours i do behave on the same way too since there are unexpected things do happen specially on financial needs this is why when i do see already that im already on profits and im already in need of money for a certain thing i do cashout or sell without any hesitations.

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Quote from: marcuslong on September 28, 2017, 01:12:42 PM

There no need to worry when the price is falling down i always think the price fall its because the holders are selling their bitcoins mostly bitcoin increases the price with in a week and will became into normal one and becomes more i always hold it because i always expect that bitcoin will become 4x the price .

For me, I have fixed the price of Bitcoin higher than $4,000, so I never sell my Bitcoin below this price, even I need to have money for emergency cases. But I still depend on the mentality of trader on the market, I'm not a stupid trader and only keep an opinion. Sometimes, I still need to change my strategy and target.

barhavsky

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dont panic i think up and down prices bitcoin is common in trading so dont panic if bitcoin falling down.

marcuslong

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There no need to worry when the price is falling down i always think the price fall its because the holders are selling their bitcoins mostly bitcoin increases the price with in a week and will became into normal one and becomes more i always hold it because i always expect that bitcoin will become 4x the price .

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Quote from: LevshaK1 on September 28, 2017, 08:02:03 AM

When bitcoin falls - this is the best time to buy coins at a cheap price. Only beginners can panic, and experienced users already know that this is a temporary phenomenon.

And as of now bitcoin isn't falling so there's no need for anyone to panic. We are one the right track even there are so many bad news and FUDs that are spread. Before as a newbie it is really hard to get a good timing with the pricing of bitcoin because I don't have an idea on where it will pump but later on I studied it and get along on how the price moves after it was being dumped so it's now a good time to wait.

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Now the price is recovering again but everyone who wanted had the chance to buy some Bitcoins at lower price and make profit in the upcoming period. So when the price falls it's not time to panic but to buy just that many users haven't figured that out and they are doing just the opposite.

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