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Topic: Bitcoin is Falling...Is it Panic Time? - page 73. (Read 34150 times)

sr. member
Activity: 1246
Merit: 255
Leading Crypto Sports Betting & Casino Platform
September 03, 2017, 11:03:12 AM
Right now the price seems fluctuating and it doesn't look like a price fall, because of panic or other forms of growth happening. Even today by the starting of the market the entire digital currency was down in value and later the price slowly started increasing. I don't think the price has caused a panic among the users.
hero member
Activity: 1806
Merit: 672
September 03, 2017, 10:54:40 AM
Just trade bitcoin the same as any stock. Support/resistance and you're good.
Some good advice from traders, however we also need to consider the trend for the currency you're getting in, for as far as i see bitcoin can still hold the momentum for longer uptrend timeframe, so it good to have some spare money to buy in the dip  Grin
We always need to have some extra money rather than going all in on bitcoin because it is really a risky thing to do. If you will all in on bitcoin and the price will dump then you cannot do anything but to watch the market to fall but it is still alright because in long term the price will bounce back and you will get back your money. If you have extra money for buying back then it is the best because you can grab chances to get cheaper bitcoin for long term.
Right now we are seeing a significant dive from the price of 4750$ it is right now 4560$ well at this price range I don't really consider it as a correction but this can be seen as an opportunity to buy more Bitcoin, however you must still observe whether or not it will continue to fall in terms of price. It is better to observe the prices first before jumping into action. Additionally don't be trigger happy with the buy and sell button and not be overcome by emotions.
hero member
Activity: 1680
Merit: 535
Bitcoin- in bullish time
September 03, 2017, 10:34:58 AM
Just trade bitcoin the same as any stock. Support/resistance and you're good.
Some good advice from traders, however we also need to consider the trend for the currency you're getting in, for as far as i see bitcoin can still hold the momentum for longer uptrend timeframe, so it good to have some spare money to buy in the dip  Grin
We always need to have some extra money rather than going all in on bitcoin because it is really a risky thing to do. If you will all in on bitcoin and the price will dump then you cannot do anything but to watch the market to fall but it is still alright because in long term the price will bounce back and you will get back your money. If you have extra money for buying back then it is the best because you can grab chances to get cheaper bitcoin for long term.
full member
Activity: 854
Merit: 140
September 03, 2017, 06:15:00 AM
Just trade bitcoin the same as any stock. Support/resistance and you're good.
Some good advice from traders, however we also need to consider the trend for the currency you're getting in, for as far as i see bitcoin can still hold the momentum for longer uptrend timeframe, so it good to have some spare money to buy in the dip  Grin
member
Activity: 67
Merit: 10
September 02, 2017, 12:52:29 PM
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.
hero member
Activity: 1302
Merit: 503
September 02, 2017, 11:59:28 AM
Bitcoin falling its value doesn't mean you have to panic or move into other coins. You can consider this event as an opportunity to buy bitcoins
I agree with you and this is what I always tell to my friends who are new in bitcoin that they don't have to panic about bitcoin falling price because after that it will surely make a new ath so if price is down then better buy a lot to make more profit in the future.

If you are talking about today's price cuts, then I would not even pay attention to it. The price fell by several percent. This is very insignificant. Bitcoin will soon continue to grow. No reason to panic
- The price of bitcoin increases sharply then the price drop is strong then the price of bitcoin is pumped stronger, this is a regular scenario that happened with bitcoin and this is a good opportunity to make more profit when the price of bitcoin is very cheap. If somebody does not have any experience and does not believe in bitcoin, they will be very easy to panic and sell all their bitcoin during this time, my advice is that we should forget bitcoin when the price of bitcoin is falling
full member
Activity: 462
Merit: 100
September 02, 2017, 11:50:04 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?

I don't really see the sense why people are panicking when bitcoin price drops. Technically, you can't even consider it as drop, bitcoin price started at less than a dollar and people should think about that. Even if bitcoin price drops to $500 or even $1000, it is just temporary and surely bitcoin price will recover after a week or month.
legendary
Activity: 1218
Merit: 1001
September 02, 2017, 11:49:27 AM
i would say buy the dip.. its more like, bitcoin unable to touch 5k and all those fud happening around
full member
Activity: 186
Merit: 100
September 02, 2017, 11:46:21 AM
Bitcoin falling its value doesn't mean you have to panic or move into other coins. You can consider this event as an opportunity to buy bitcoins
I agree with you and this is what I always tell to my friends who are new in bitcoin that they don't have to panic about bitcoin falling price because after that it will surely make a new ath so if price is down then better buy a lot to make more profit in the future.

If you are talking about today's price cuts, then I would not even pay attention to it. The price fell by several percent. This is very insignificant. Bitcoin will soon continue to grow. No reason to panic
sr. member
Activity: 308
Merit: 250
September 02, 2017, 11:35:22 AM
Bitcoin falling its value doesn't mean you have to panic or move into other coins. You can consider this event as an opportunity to buy bitcoins
I agree with you and this is what I always tell to my friends who are new in bitcoin that they don't have to panic about bitcoin falling price because after that it will surely make a new ath so if price is down then better buy a lot to make more profit in the future.
member
Activity: 124
Merit: 10
September 02, 2017, 11:26:26 AM
Just trade bitcoin the same as any stock. Support/resistance and you're good.
sr. member
Activity: 952
Merit: 274
September 02, 2017, 11:17:08 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?
There is no reason for us to panic if the price of the bitcoin is going down. Many people regretting if they sell their bitcoin in wrong time. If the price of the bitcoin goes down, the best thing to do is hold our bitcoins and sell it in the right time.
hero member
Activity: 959
Merit: 500
September 02, 2017, 11:09:59 AM
Right now bitcoin is having a correction. I would not even call it a small one anymore. So does every other currency at the moment.
Maybe a few people out there are really getting cold feet.
That is creating a nice opportunity for everyone who was watching the market and waiting for an opportuity to enter.
But that is the tricky thing. You never know when the bottom is reached.
sr. member
Activity: 1372
Merit: 275
September 02, 2017, 10:55:41 AM
If my condition still newbie in cryptocurrency, surely i am is one of bitcoin holders will sell because panic when price fallen. But now, i am never be tempted again. Because i look more at least for next 5 years. Bitcoin is an active assets.
hero member
Activity: 2702
Merit: 510
Leading Crypto Sports Betting & Casino Platform
September 02, 2017, 09:22:15 AM
Bitcoin falling its value doesn't mean you have to panic or move into other coins. You can consider this event as an opportunity to buy bitcoins
But this time can be considered as the panic condition, a lot of coins gets decreased a lot. The more people are trying to cash out and just use the profit to invest in the new or just try to flip it in another way.
This is the correction phase for the cryptos.
legendary
Activity: 1303
Merit: 1681
a Cray can run an endless loop in under 4 hours
September 02, 2017, 08:45:15 AM
please more panic, I want to buy low  Smiley
full member
Activity: 462
Merit: 100
September 02, 2017, 06:33:52 AM
If bitcoin falls, then you need to buy coins at a cheap price so you can then get more profit from the price increase. Beginners mistakenly panic and lose the opportunity to earn selling their coins.
member
Activity: 70
Merit: 10
September 02, 2017, 05:57:09 AM
Panic makes people lose money and become crazy at always, lol, be patience and solve it with your experience is better. Grin
sr. member
Activity: 1078
Merit: 256
September 02, 2017, 05:51:08 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?
Bitcoin will not falling instead it will always go up until they reach the limit. Bitcoin is very popular and now center of cryptocurrency thats why the price is increase rapidly as the law of supply and demand is applied

Sadly, after the price has enjoyed its moment when it briefly touches $5000. It is going down to $4600. I'm assuming that we are seeing a panic sell which is not good. Well one thing I'm seeing is that this could be a perfect opportunity for new investors to come in and buy bitcoin and join the party. Although its kinda disappointed to see that the price was not sustainable and a lot of investors are cashing it out. But I won't panic sell because I have fully trusted that bitcoin can recover from this price correction and the price could go even higher in the next couple of days once the new investors started to enter.
full member
Activity: 420
Merit: 100
September 02, 2017, 03:03:52 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?
Bitcoin will not falling instead it will always go up until they reach the limit. Bitcoin is very popular and now center of cryptocurrency thats why the price is increase rapidly as the law of supply and demand is applied
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