Topic: Bitcoin is Falling...Is it Panic Time? - page 78. (Read 34150 times)

As far as this latest bear market from the 18th, I think that it was about people deciding to switch their coin holdings over to Bitcoin Cash; the news broke yesterday that Bitcoin Cash mining would be more profitable than Bitcoin mining, though with lower transaction fees and less stability of course. If you look at the graph for Bitcoin Cash, it's spiked dramatically, somewhere around 100% increase since yesterday - about the same dollar amount that the 10% drop in Bitcoin price correlates to. That doesn't mean that Bitcoin Cash will now take over, or that Bitcoin is going to stop growing altogether, but it's possible that we're entering into a more sideways/bearish market for a while.

Personally, I bought Bitcoin around the time the OP started this thread, while everyone else was panicking over the split; that's given me 100% ROI in a month's time, so I did sell half my stake during the slide yesterday, though still higher than Bitcoin has settled at right now. I'm actually rather annoyed about the timing of the slide, since I had decided to sell on the 17th when it broke $4500 and took a day getting my coins transferred over from my paper wallets. Oh well. At this point I'm entirely playing with the house's money, so I'm certainly not going to panic over losing what I never had.

I am still bullish on Bitcoin in the long-term. I just think the current, short-term bull run, which started when the news hit that SegWit was locked in at 80%, is running out of momentum and has stalled for the time being on the news that Bitcoin Cash is better than Bitcoin in any sense, even if not better overall. It may only be stalled for a week or two, at the rate we've been going, or it may stall for months as the reality sets in that Bitcoin still has some uncertainty in the future. SegWit developers and Core are not at peace over the NY agreement, last I heard, and there's a possibility of yet another hard fork. Who knows whether people will panic over it, or look at it as another opportunity like the last one turned out to be? The last one was only an opportunity for people who took Warren Buffett's famous advice, "be greedy when others are afraid, but only when others are afraid." If everyone looks at a fork as an opportunity and it ends up causing technical disruptions, it'd most likely trigger a crash and panic sell. The market is a funny thing sometimes, given that it's just made up of lots of people. If any one of you tells me that people always make sense, I'd like your personal information so that I can have you committed, because that doesn't make any sense and you'd clearly be insane.

i still believing in bitcoin, im predicting that full potential is not now. so i dont wanna panic sell or change it into other currency
also if the price fall, that can climb again and again for better price from the past until now have been tested

atleast ypu realized it now, there's still more time to caught up with what you sell before. We can still earn now. If it falls theres no reason to panic unless we needed the money at that moment.

In bitcoin is always patience is needed because if you don't have this possibility that you can be just lose your investment in bitcoin that is why there are times that there newbie invested in bitcoin and panic selling because they heard some news from others so instead of they are making profit they are losing..
For now we are seeing small dumping about bitcoin but i do believe that the price can be increase again back they are just attracted to invest in bitcoin cash just to make a good profit.  in bitcoin cash and just lets hope that they can convert it back into bitcoin soon that can push the value of bitcoin more..

One major concern I can see a lot of people taking to heart is that the higher the value of Bitcoin goes, the more money is ended to move the market. While having consistent patterns, such as increase > decrease > higher than 1st increase, increases confidence for future positive trends, it's harder and harder to have a higher value per Bitcoin because of the sheer amount of money needed to buy one; let alone multiple, for the average person. It mostly comes down to people like you holding that keeps the value higher imo, if there was a lot more movement in the market the value would likely have been kept lower. But that's just speculation on my part and in no way grounded in reality.

Bitcoin's price is not stable , that's a fact known by all the community almost, but there is no need to panic because even if the price decrease for some time it will increase again after a while and maybe reach highest level. We just need to be patients.

Yes, this is a common scenario with bitcoin, the price of bitcoin will increase to a certain level then drastically decrease and then increase back strongly to break the old price. But many people still panic and sell all their bitcoins, this is one thing I can not understand, it seems they do not trust bitcoin and they always regret in the future. With Bitcoin, I have missed many opportunities in the past because I panic selling but gradually I realized the price of Bitcoin will rise higher and higher, and from the time I realized that, I do not panic sell my Bitcoin, I always put faith in Bitcoin

This is a very smart strategy, but most people do not understand. Honestly, I'll stay with bitcoin even if it will be stable. I do not trade in the foreign exchange market and therefore prefer stability and predictability. Unfortunately bitcoin attracts huge number of speculators and therefore the price reeling.

According to what I've seen and learned about Bitcoins, the more it falls the more it tends to recover.
In lieu of panicking during the time of a dump or whatever you call it "a bubble burst", I think selling is not an option but closing your windows/tabs and stop watching is the best thing that I always prefer to do because panic will always make you take the wrong decision and you will regret in the future. It's good to wait than going wrong due to hastiness.

falling is the part of currencies movement why are you panic do you see the proof after the august 1. issue about the split of segwit now bitcoin continue keep increasing the value for the world in the cryptocurrency, and i think the king of coins pumping until end of the year.

I am not in panic when bitcoin price falling becaue i got experince when i sell my bitcoin when bitcoin price falling ,  i couldnt buy bitcoin from better price so it is my bad luck, because of i decided i will never sell my bitcoins and i will think everythime to future of bitcoin.

To be honest, i really don't see this things as a threat or something scary enough to make me stop using bitcoins. Because damn! These things has already happened to bitcoin so many times already that i have lost count. Since when did bitcoin ran out of people who always panic and sell what they have?? So with that being said, I am still staying with bitcoin. And probably try to get more and sold portions of it only when i need it so much. But never all that i have.

I will stick to bitcoin, I will not panic because people who panic easily in terms of their trading is a beginner. Of course I will store bitcoin in the long run.

Yeah your right bitcoin have possibility to raised up, up to $10 dollars but I think it is a long road for bitcoin before meat it. However I was not lose hope that bitcoin price is continuously raising up before end of the year.

I think, during dumps is the best time for investors and buyers of Bitcoin. Everytime that delflation occurs, there are lots of people who are panic selling, if you know that after a short period of time, it will be normal again and sometimes it will be higher because pumps occur after every dump. So you don't need to panic. To think that there are still lots of holders that are holding their Bitcoin through the dipping, it is a reason for you calm down and observe what will happen next.

As of today, I think it's better to hold on to your Bitcoin. If you look at the trend, for the past 2 weeks after the split. Bitcoin's trend continues to grow and there's a possibility that it can went up 10K$ by the end of this year. But, it will still depends on our own decisions if we are to hold or to transfer it. No need to panic, as we could see a bright future ahead.

i agree the bitcoin value price is good movement and strong so far i think bitcoin continue for rising the value and keep increasing until end of the the worries is over the king of coin are now in the good condition.

At that time, rumors of Bitcoin about August 1 had caused a lot of anxiety. They sold out all the BTC they had, so the sale of BTC took place massively, causing the price of BTC to fall sharply. But now, after August 1st, things are still going well, bitcoin prices are still rising, now over $ 4,000, you should not worry about anything.

Everytime bitcoin's price pump everybody seems to be worried and starting to panic. Yes it might be alarming yet we must look at it on on the positive side because price dump is not just about worrying in fact, price dump is a great opportunity to buy your bitcoins because as much as bitcoin's price dump, you can have more chances to buy a lot of bitcoin so that when the time comes that its price pump, you can sell them on a higher price and have a great count of money that is surely beneficial on your part.

Who told you that it is a panic time, still their is a support at 3800 level which is not broken and for last some days it is trading in the range of 3800+ to 4300 range , i think it is just in a accumulation stage and their is no panic for long term traders.