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Topic: Bitcoin is Falling...Is it Panic Time? - page 70. (Read 34150 times)

hero member
Activity: 980
Merit: 512
September 08, 2017, 11:37:10 AM
China allegedly doing fud I am worried about this news. BTC is currently in a depressed position. hopefully this will not continue.


https://cointelegraph.com/news/breaking-bitcoin-altcoin-prices-tumble-up-to-25-on-china-exchange-ban-rumors

full member
Activity: 1344
Merit: 102
September 08, 2017, 10:51:25 AM
oh no bitcoin is huge dump I think some traders are panic selling, lucky that I sold my bitcoin in 4,600 before huge dump, It's time to buy bitcoin now.
member
Activity: 84
Merit: 10
September 08, 2017, 08:29:07 AM
No it is not the time to panic as bitcoin is recovering from its falls.Moreover bitcoin is growing at a fast rate and bitcoin's price will be much more higher in future so no need to panic about the fall in bitcoin
hero member
Activity: 2856
Merit: 783
Burpaaa
September 08, 2017, 07:29:38 AM
It's still a very good time to invest in it. More and more countries will use it as an extra currency so it will still go up.
Bitcoin is recovering from its fall again. It is 46xx dollars now so bitcoins are again going to become expensive. The price will be much higher in future so it is better to invest today than to regret tomorrow. However, if there will be a decline again, no need to panic.
There's really no need to panic,btc will keep soaring high no matter what,we may experience fall but btc will surely recover no matter what. So be patient and belueve in btc.
full member
Activity: 216
Merit: 100
September 08, 2017, 07:09:08 AM
It's still a very good time to invest in it. More and more countries will use it as an extra currency so it will still go up.
Bitcoin is recovering from its fall again. It is 46xx dollars now so bitcoins are again going to become expensive. The price will be much higher in future so it is better to invest today than to regret tomorrow. However, if there will be a decline again, no need to panic.
hero member
Activity: 2520
Merit: 605
September 07, 2017, 09:40:28 AM
I missed these threads. The mongs are out in full force, it's part and parcel of investing. Only an insane person would expect a perpetual upward trajectory.
I agree with you. It is stupid to think of bitcoins' prices shooting up straight at an angle of 90 degrees. That's why I keep on telling people to keep their feet on the ground. The dip has zero effect on me because I have never fooled myself with false hopes.
That is what I call using your head. Getting overexcited, having high expectations always end up hurting. When we all are aware of the fact that the prices won't remain the same, then expecting the change to be an increment every time is pretty stupid.

I wonder how long people will expect lower prices to buy more bitcoins when they keep losing current good prices. I really could not understand these people's real motivations.
hero member
Activity: 2310
Merit: 532
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September 06, 2017, 11:33:48 AM
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?
Nope, there's no reason for me to convert my bitcoin unto the another digital currency because falling of bitcoin is just normal. That is one of the characteristic of bitcoin, being volatile meaning anytime its price could change suddenly that's why expect the unexpected. I believe that thou shall not have faith in bitcoin will not gain a high profit.
Yeah I totally agree with you that price Bitcoin is always volatile, and if the price sudden drop
happened then it is reasonable, we don't be panic to sell it, we just hold until the price is back to normal.

Volatility is one of the major feature of bitcoin as well other digital currencies. A day back the price fell along with the entire digital currency. This happened based of the ICO ban on China, else the entire digital currency might have not fallen. Once again the price has started to go forward to reach $5000.
copper member
Activity: 383
Merit: 100
September 06, 2017, 11:20:04 AM
As a Bitcoin trader who has known Bitcoin for so long, we certainly understand very well that the rise and fall of the Bitcoin price movement because of the fundamental factors of media coverage in the media is not surprising. Usually, in the event of a price reduction, conditions will not last long or are temporary.as time goes by, when good news comes about Bitcoin, prices will usually tend to rise again. Plus, Bitcoin is a virtual currency that is traded globally, not just in China alone.this may make the price of Bitcoin in China fall and cause a domino effect to other exchanges, but we need to remember that the status of demand for Bitcoin from the world community remains high. Therefore, we should not quickly panic.the odds we can take from Bitcoin's declining price to make a profit are, by buying Bitcoin at a low price for resale when prices soar.
hero member
Activity: 896
Merit: 500
September 06, 2017, 11:08:01 AM
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?
Nope, there's no reason for me to convert my bitcoin unto the another digital currency because falling of bitcoin is just normal. That is one of the characteristic of bitcoin, being volatile meaning anytime its price could change suddenly that's why expect the unexpected. I believe that thou shall not have faith in bitcoin will not gain a high profit.
Yeah I totally agree with you that price Bitcoin is always volatile, and if the price sudden drop
happened then it is reasonable, we don't be panic to sell it, we just hold until the price is back to normal.
sr. member
Activity: 588
Merit: 254
September 06, 2017, 10:59:18 AM
I dont think it is a panic time if falls, as it is volatile in nature its prices increases or decreases which is common. So if it is low just hold them and keep patience and when it is up again can sell it to gain profit.
First of all, the topic should have something like "When Bitcoins Fall" in it. OP scared me a little bit when I read the topic for the first time. Dip is actually a chance to increase the amount of bitcoins in our wallets so only newbies with little or no knowledge would panic under such circumstances.
I have also objection on the topic. It doesn’t fit in the current scenario when bitcoins are on peak. Moreover it is never wise to get panicked with bitcoins. They are evergreen investments and can anytime reach the highest values of the crypto world. We just need to be careful with bitcoins.
Yeah believe that currently the bitcoin price can be considered on it's peak, though it has dropped a little but still it is a good time for bitcoin users. Some of the people may get panic because of the current miner dip in the bitcoin price which almost has been recovered but still there are people with less experience with bitcoin and for them such a time must be hard.
I think it is essential to provide support and knowledge to such people who gets panic very easily with a little dip in the price.
My personal opinion about the bitcoin price is that we are at a very good stage and there is no need to be panic with these little dips in the price, we know that the bitcoin future is a brighter one.
sr. member
Activity: 854
Merit: 267
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September 06, 2017, 10:56:22 AM
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?
Nope, there's no reason for me to convert my bitcoin unto the another digital currency because falling of bitcoin is just normal. That is one of the characteristic of bitcoin, being volatile meaning anytime its price could change suddenly that's why expect the unexpected. I believe that thou shall not have faith in bitcoin will not gain a high profit.
newbie
Activity: 36
Merit: 0
September 06, 2017, 10:54:00 AM
I think this is how big players make profit, wait for the price to go  down and when everybody is selling, they buy everything. Buy low sell high, or not sell just accumulate. They buy the panic and fear of weak hands.  Happy trading!  Grin

You're right. Sometimes the big players provoke this situation as in 1929.
d4z
newbie
Activity: 35
Merit: 0
September 06, 2017, 10:47:07 AM
It's still a very good time to invest in it. More and more countries will use it as an extra currency so it will still go up.
newbie
Activity: 77
Merit: 0
September 06, 2017, 10:44:07 AM
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?
If the cause of the decline is partly due to a newcomers, I will hold it in bitcoin to help each other advance the economy. bitcoin is falling I am not panic because bitcoin not my main income. I used the benefit of bitcoin for real business capital like invest or etc.
full member
Activity: 1442
Merit: 153
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September 06, 2017, 10:39:22 AM
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?
Again, decrease on its value is not new. It often happens as it is already normal, because Bitcoin is volatile, and it is part of its volatility. Since Bitcoin market value is dependent on the demand, we can't avoid experiencing backdrops as what you have mentioned. You should hold your Bitcoin more especially if your goal is to earn bigger income. No need to panic, fluctuations are normal in an open source system.
full member
Activity: 257
Merit: 100
September 06, 2017, 10:32:12 AM
It's a no for me the falling of the price of bitcoin means that many traders trade this token until now,. as you can see the price of the bitcoin now is like 5000$ more. so you'd better to save more of this coin or regret in the end.
full member
Activity: 336
Merit: 121
September 06, 2017, 10:24:45 AM
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?
Backdrops usually and oftenky happens. Bitcoin is volatile, change on its price is always expected whether it will increase or fall. Ofcourse, those who are not new on this 'business' will say that we don't need to worry because eventually, it'll be back to normal, which is indeed true. After consecutive dumps, Bitcoin now reached approximately 4100$ and will still be increasing for the next years to come. So we don't need to panic  just be patient and see for yourself what will happen.

Prices never fall in bitcoin because it is always goes very high if you are talking about fall then it will never goes fall once again it will touch 10,000USD because we know that prices of bitcoin are like running sea it is going and going so we can say that bitcoin is most successful currencies in prices it is doesn't even concern to volatile.
sr. member
Activity: 585
Merit: 251
September 06, 2017, 01:21:06 AM
I dont think it is a panic time if falls, as it is volatile in nature its prices increases or decreases which is common. So if it is low just hold them and keep patience and when it is up again can sell it to gain profit.
First of all, the topic should have something like "When Bitcoins Fall" in it. OP scared me a little bit when I read the topic for the first time. Dip is actually a chance to increase the amount of bitcoins in our wallets so only newbies with little or no knowledge would panic under such circumstances.
I have also objection on the topic. It doesn’t fit in the current scenario when bitcoins are on peak. Moreover it is never wise to get panicked with bitcoins. They are evergreen investments and can anytime reach the highest values of the crypto world. We just need to be careful with bitcoins.
bitcoin is never on peak,bitcoin price will continue to rise as blockchain technology is spreading across the world.i think currently its the best time to grab some bitcoin due to recent whales dump game.its better no to hold bitcoin for long as it will not help anything but increase your curiosity ,yes price will pump but its better to trade in meanwhile to increase the quantity.
hero member
Activity: 1092
Merit: 523
September 06, 2017, 01:14:13 AM
I dont think it is a panic time if falls, as it is volatile in nature its prices increases or decreases which is common. So if it is low just hold them and keep patience and when it is up again can sell it to gain profit.
First of all, the topic should have something like "When Bitcoins Fall" in it. OP scared me a little bit when I read the topic for the first time. Dip is actually a chance to increase the amount of bitcoins in our wallets so only newbies with little or no knowledge would panic under such circumstances.
I have also objection on the topic. It doesn’t fit in the current scenario when bitcoins are on peak. Moreover it is never wise to get panicked with bitcoins. They are evergreen investments and can anytime reach the highest values of the crypto world. We just need to be careful with bitcoins.
member
Activity: 116
Merit: 100
September 05, 2017, 07:20:27 PM
I think this is how big players make profit, wait for the price to go  down and when everybody is selling, they buy everything. Buy low sell high, or not sell just accumulate. They buy the panic and fear of weak hands.  Happy trading!  Grin

Yes, Most people do choose to do this, they buy bitcoin when it is cheap and sell it when the price is expensive, this is more profitable. but sometimes trading has a big risk too. because we all know the bitcoin price continues to fluctuate and I can get the price down. when it happens it is not the profit they will get but the losses are quite large, moreover they have used the much money for buy the bitcoin.
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