Bitcoin is Falling...Is it Panic Time? - page 74.

metenjean

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Its really easy to look back in the past, just last month we talk about falling price in bitcoin and now it already double the price of it Grin

In my opinion i think its best to trust on your gut, and panic only make it worse, for example if your really trust on your bitcoin then holding it and buy it when it reached lower price would be the best bet. However if you think that bitcoin won't be a safe bet and will start decreasing in value, then you should trust your heart and sell it. Even sometimes predictions maybe wrong, but when you listen to yourself other than hearing others opinions, it will make yourself have better confidence in yourself and not to become panic the next time something like this happened again.
I probably think bitcoin prices still got a long way to go, but doesn't mean we shouldn't proceed with cautious since the price double in a relatively short time frame, and it should be not a really got advice to invest in spiking price/ Grin

As the old proverb said, Easy Up and Easy Down Grin

CMIIW

johanesrobin

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Quote from: Deymos on September 02, 2017, 12:56:59 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 really agree with you.
Panic is a dangerous disease you will easily lose your money.
If BTC goes down then you buy it or buy altcoin, it is a rare opportunity nowadays. Grin

craZyLovE0916

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Quote from: Sled on September 02, 2017, 01:01:53 AM

Quote from: Deymos on September 02, 2017, 12:56:59 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

Whenever we see a dip in the market then it is a sign that we should buy at the dips and hold them for long term. That is the best thing to do and not to panic sell but to panic buy, treat those dumps or dips as an opportunity to buy more bitcoin and to earn more money in long term reasons.

Indeed! Buy low, sell high - that is how you win at trading.

Right now Bitcoin is crashing... but we will see how long it lasts. I think everyone wants to go above $5,000 so I am not sure why it crashed so early, but I think we will reach $5,500.

Sled

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Bitcoin- in bullish time

Quote from: Deymos on September 02, 2017, 12:56:59 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

Whenever we see a dip in the market then it is a sign that we should buy at the dips and hold them for long term. That is the best thing to do and not to panic sell but to panic buy, treat those dumps or dips as an opportunity to buy more bitcoin and to earn more money in long term reasons.

Deymos

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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

glowing10

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In last 30 minutes or so BTC value has fallen by more than 100$. It was trading at around 4820 $ and now its around 4700$. Well its not a panic time may be a slight correction would be on the way because 5k is the next level which is being looked upon as per many traders in the market as the next Resistance level.

Braveshd

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It's crazy to think it has doubled since the hard fork. I am curious to what people think the price will get to before the November split and if it will affect the price of Bitcoin. It is always great to be speculative with the prices and keep up to date with news with anything as volatile as Btc.

ethereumhunter

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Quote from: Sadlife on September 01, 2017, 08:18:04 PM

Even other resources such as gold, dollars and oil doesn't always go up forever in terms of price sometimes also they go from a dip. So are you going to consider this a panic or a good chance to buy while it's still in a dip. Seriously if you have been using bitcoin for a very long time you should have known by now that it is completely normal to take a dip sometimes after all no resourses can rise forever sometimes it decreases. Right now the price of bitcoin is nearing $5000 so the who have sold they're bitcoin in $2000 should be regretting this. Lol

yeah and if the price is down, its our time to buy bitcoin in low price. if the price is more than $5000, people will be thinking ah wow the price is really expensive for me, i can not buy right now, maybe i will buy tomorrow. but for smart people, they are buying with small piece for once a month and do it again in next month. they only thinking this is their chance to have bitcoin while the price is not too expensive. if the price is more than $5000 then many people which holding bitcoin from 2 years ago will be surprise and will be happy because the time they are waiting is not useless and now they can enjoy the profit.

Sadlife

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Even other resources such as gold, dollars and oil doesn't always go up forever in terms of price sometimes also they go from a dip. So are you going to consider this a panic or a good chance to buy while it's still in a dip. Seriously if you have been using bitcoin for a very long time you should have known by now that it is completely normal to take a dip sometimes after all no resourses can rise forever sometimes it decreases. Right now the price of bitcoin is nearing $5000 so the who have sold they're bitcoin in $2000 should be regretting this. Lol

hardforkcoin

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Quote from: iamTom123 on June 15, 2017, 10:33:33 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?

It is interesting to look back on this.

If you had bitcoin when it hard forked, you would have also got the Bitcoin Cash. Just by holding, at current price you have almost 5,000 USD + the current price of Bitcoin Cash of 610 USD.

You would have more than doubled your holding if you sold right now, if you bought in when it was 2,351.

streazight

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Quote from: Zemangat on August 28, 2017, 11:00:28 PM

I think you do not need to panic with bitcoin prices .. up and down, that's normal. You should pay attention to the news about the falling bitcoin .. it will make you panic .. you must be optimistic bitcoin will return to normal point and price will go up. if you look at bitcoin prices from year to year always experience a significant change and up until now .. maybe if you invest in the last year .. now you become rich with bitcoin you.

Yeah, there is nothing so horrible when the prices dump. We should get sued to this by now. This is nothing new in the crypto market rather stay as cool as cucumber in dumping phases because it is always followed by an epic pump in case of bitcoins. I look at dumps as opportunities for collecting coins at cheap rates.

Frowleall

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Bitcoin prices are frequently down and not for long will enhance. I believe expertise helps make us not to stress in storing bitcoin that we have. So I do not believe the difficulty is at a price that is unstable. But on stability when we store bitcoins. I consider if there is any doubt about yourself as properly as you immediately transfer the bitcoin you have by swapping it into true money. It looks like a risk-free stage to be manufactured. Particularly with an situation that says about disunity. Even though there has been no obvious affect. But we nevertheless have to be mindful. Do not enable the bitcoin we save will incur losses. So at this time it's not a price concern that tends to make panic. But much more than the stage of stability

hangar18

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Quote from: stepwilli on August 30, 2017, 06:14:23 AM

Quote from: Tamilson on August 26, 2017, 07:00:41 AM

Quote from: Babylon on August 26, 2017, 06:01:39 AM

Quote from: iamTom123 on June 15, 2017, 10:33:33 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?

It happened a lot before, I guess a lot would panic and it's normal but I think it's not a good thing to do. Just look, bitcoin started with just less than a dollar and now it costs almost thousands of dollar. How would you consider it a fall it falls even up to a few thousands. My point is, it will drop sometime but it will surely recover too. You just need to be patient.

Yeah like we've been here for years and I think we should be use to this as we always experience fluctuations.
And bitcoin already proves itself in the world and we shouldn't doubted it.
Many are just spreading this fuds so many will go panic and they can buy in low.
Better stick to your plan and wait for the skyrocket.

Yes, we should not be doubtful about the future of bitcoins or their potential of producing high returns. Bitcoins have many times proved the world their power of making people rich and helping them out in achieving their goals. Indeed, some idiots are trying this method of earning bitcoins.

However, that is the past, on the world, most investor did not believed the future of Bitcoin. So the result is do not have many investor hold their Bitcoin in that time. But in 2017, investor in Bitcoin and cryptocurrency understand the benefit when hold their coin, and if all trader choose holder is the type trading, the market will have not buyer Tongue

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MMysterious

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Quote from: radjie on August 30, 2017, 10:57:41 AM

which I would do if the bitcoin price drops, then this is an opportunity to buy bitcoin in large quantities. We can benefit again if the bitcoin price rises again. I think with the decline in bitcoin prices we do not need to panic to sell all the coins, although many issues of bitcoin prices will go down.
Actually things that need to be applied only simple thing that we have to be able to control emotion.

I agree, it actually is a big opportunity for us to buy a much lesser amount of bitcoin if it drops its price. We shouldn't be afraid if bitcoin price falls down because it is a blessing if you would take it into positive. There really is no need to panic.

radjie

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which I would do if the bitcoin price drops, then this is an opportunity to buy bitcoin in large quantities. We can benefit again if the bitcoin price rises again. I think with the decline in bitcoin prices we do not need to panic to sell all the coins, although many issues of bitcoin prices will go down.
Actually things that need to be applied only simple thing that we have to be able to control emotion.

CarnagexD

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Quote from: romero121 on June 16, 2017, 12:01:33 AM

Bitcoin price fall and increase is common, everytime during the fall people will be getting panic and used to sell low missing the profit. With bitcoin one need to have patience to profit rather than selling on panic. This time the price drop is very big, but the same doesn't have a perfect reason behind as every digital coin is experiencinga drop and only very few are in the price pumping.

It is right bitcoin has the capability to changes its price , yet is is always a part of its development in terms of transaction price and security. In other words bitcoin turns better whenever it experience changes pertaining to new thing about to happen on Bitcoin. Price drop of Bitcoin is just a step for it stock to formally established an adaption in terms of new development.

sapnu

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Quote from: iamTom123 on June 15, 2017, 10:33:33 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?

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.

bahandhi0508

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Quote from: olliedickman on August 30, 2017, 06:39:23 AM

Quote from: Zemangat on August 28, 2017, 11:00:28 PM

I think you do not need to panic with bitcoin prices .. up and down, that's normal. You should pay attention to the news about the falling bitcoin .. it will make you panic .. you must be optimistic bitcoin will return to normal point and price will go up. if you look at bitcoin prices from year to year always experience a significant change and up until now .. maybe if you invest in the last year .. now you become rich with bitcoin you.

That is what I am trying to explain to most of my friends. They are still new in the cryptocurrency and they are scared about the volatile of the bitcoin price. Well, some of them do not believe in what I said and they sold all of their bitcoin to save their money Wink

And soon, they regreted about what they had done. Therefore, there is nothing need to be worried when you see the bitcoin price falls down

Does your friends don't even know the actual situations of the crpto coins right now most of them were dropping and like bitcoin, altcoins is also volatile same as bitcoin character. So no reasons to panic at all and whether you prefer bitcoin or altcoins holding, they're still a good partners in profit making with cypto currencies. Even price will fall down, being panic is not the right actions and all I can say is be brave and face the challenging moments when the price feared to go down. Its a normal part of trading and I am confident enough that after the big fall, the price will be rising so fast and will hit the biggest price ever in the future.

wowanstrong

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I think that there is no need to panic when the price goes down, because bitcoin needs insignificant price cuts for further growth as well as any valuable asset that brings good profits.

Hamphser

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Quote from: Bitcotalk on August 30, 2017, 07:12:50 AM

Quote from: futile-resistance on August 26, 2017, 05:56:07 AM

Quote from: Uberzugzug on August 24, 2017, 01:13:32 AM

Bitcoin, just like stocks and other currencies, has a volatile price and rates. That is what makes it as an investment with high risk but with high return. So it may not be a panic time but instead an opportunity wait it fall in price and buy at the low price then sell at the high price.

Bitcoins are long term investments with good return but not with great risk. Dealing with them wisely can never ever put you in loss. They simple strategy of holding onto bitcoins when prices are low certainly decreases the risk of loss significantly. Bitcoins are the safest investment I have ever come across.

It is the safest investment, totally agree. There is always a risk factor whenever you are trading and investing. You couldn’t predict the market but as said if you take care in dealing with it then there will be a very low ratio of risk. And bitcoin will never fall in upcoming years and onwards.

How sure you are that holding bitcoin is the safest investment? If you are talking about safest is that 100% that it wont go down. You might be right since we do see that bitcoin do really increase its price every year had come to it but we should not really be too confident because anytime bitcoin can crash on least we expected this is why we should really be ready on that one because thinking off there would be no safe investment.

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