Bitcoin is Falling...Is it Panic Time? - page 80.

Siren

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Quote from: Bunsomjelican on August 18, 2017, 07:18:33 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?

Well, people don't learn about this momentum. Don't they know that falling the price value is very a common thing, then in just a small things happen on dropping value they always got panic. Look are those holders who believed into bitcoin they had strong belief unto it and now bitcoin was 4400$ dollars.

If he just hold on his bitcoin, but now it is almost doubled so you should automatically profit today. Of course when the value has fallen every one is so nervous that they panic and immediately push the sell button. However, just like what I mentioned if you learned to hold for a little longer, everyone should be taking profit by now because of the high price of bitcoin.

I already learn to control my emotions and not be affected if I see that the price is falling. I already understand that this is part of how the market operates, and the daily price swing is but normal in bitcoin and crypto space in general.

Bunsomjelican

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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, people don't learn about this momentum. Don't they know that falling the price value is very a common thing, then in just a small things happen on dropping value they always got panic. Look are those holders who believed into bitcoin they had strong belief unto it and now bitcoin was 4400$ dollars.

bentong talong

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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?

No need to panic. Dumps are only part of Bitcoin's volatility because all price of any cryptocurrency depends on the market's demand. And it often happens, like, its price will decrease by 100$ for let's say 3 days then it will again increaseby 200$ after few days. Which means the pumps are bigger than the dumps, also a reason on not to panic when the price is dipping.

Twinscoin2017

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Quote from: Opekin on August 17, 2017, 10:06:09 PM

Quote from: EdenHazard on August 17, 2017, 09:25:51 PM

Quote from: Finestream on July 31, 2017, 08:55:27 AM

Quote from: richminded on July 31, 2017, 08:17:12 AM

Not really, in my view i dont need to panic simply because i believe on bitcoin and i know that what ever happen bitcoin will always bounce back, look a the price of btc now a lot of news about the fork but as we can see the price of bitcoin are still strong. Im just here waiting to accumulate more bitcoin when it hit lower price again.

If you believe you will never gonna feel that panic that some weak hands are feeling right now.
When they are on the panic mode we also in the buying more, our actions are more favorable because in the long run we will see again the price of bitcoin will dump, this happened already most of the time so we need to follow the trend, if we do thins every time we will gonna make money in a short period of time also.

a little bit patience and be calm down when you see the price down sharply will give you more benefit right now in bitcoin world. go down $300 to $500 daily are a usual thing recently , for traders it was a golden time to make money from there .

never get panic when down, just think with a clear minds and take an action after.

Patience is very needed in bitcoins,fluctuations in price are normal whats normal also is panicking to sell especially those newly adopters of bitcoins that doesn't fully know what is bitcoins.

yes i agree that was normal.we dont have to be panic from the past years its price will go up and down but in a long run it is rising.believe and have patience and i think bitcoin will be our asset to be more profitable.

Opekin

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Quote from: EdenHazard on August 17, 2017, 09:25:51 PM

Quote from: Finestream on July 31, 2017, 08:55:27 AM

Quote from: richminded on July 31, 2017, 08:17:12 AM

Not really, in my view i dont need to panic simply because i believe on bitcoin and i know that what ever happen bitcoin will always bounce back, look a the price of btc now a lot of news about the fork but as we can see the price of bitcoin are still strong. Im just here waiting to accumulate more bitcoin when it hit lower price again.

If you believe you will never gonna feel that panic that some weak hands are feeling right now.
When they are on the panic mode we also in the buying more, our actions are more favorable because in the long run we will see again the price of bitcoin will dump, this happened already most of the time so we need to follow the trend, if we do thins every time we will gonna make money in a short period of time also.

a little bit patience and be calm down when you see the price down sharply will give you more benefit right now in bitcoin world. go down $300 to $500 daily are a usual thing recently , for traders it was a golden time to make money from there .

never get panic when down, just think with a clear minds and take an action after.

Patience is very needed in bitcoins,fluctuations in price are normal whats normal also is panicking to sell especially those newly adopters of bitcoins that doesn't fully know what is bitcoins.

EdenHazard

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Quote from: Finestream on July 31, 2017, 08:55:27 AM

Quote from: richminded on July 31, 2017, 08:17:12 AM

Not really, in my view i dont need to panic simply because i believe on bitcoin and i know that what ever happen bitcoin will always bounce back, look a the price of btc now a lot of news about the fork but as we can see the price of bitcoin are still strong. Im just here waiting to accumulate more bitcoin when it hit lower price again.

If you believe you will never gonna feel that panic that some weak hands are feeling right now.
When they are on the panic mode we also in the buying more, our actions are more favorable because in the long run we will see again the price of bitcoin will dump, this happened already most of the time so we need to follow the trend, if we do thins every time we will gonna make money in a short period of time also.

a little bit patience and be calm down when you see the price down sharply will give you more benefit right now in bitcoin world. go down $300 to $500 daily are a usual thing recently , for traders it was a golden time to make money from there .

never get panic when down, just think with a clear minds and take an action after.

dobladi

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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?

During the dumps, I will still hold into my Bitcoins and will avoid selling it even if the price is really low. And besides, the price of Bitcoin before is way far from its price at this moment. So it won't be a problem if you'll risk and wait until the price , again, increase because it will surely increase maybe after a year if the dumps is really big.

SirPereira

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Quote from: curved9inch on August 17, 2017, 04:38:20 PM

Always panic bitcoin is never stable and could crash at any moment.

As like all the other coins.

Don't ever forget every coin are moved by speculation, and even so-called corrections could get the price down a few hundreds from nowhere.

But oh well, it will rise again for sure. Fortunately crypto market isn't just like all the other markets, and unless something goes VERY wrong, the coin should increase all over again.

JCO05

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Quote from: HashieNewb on June 16, 2017, 12:09:52 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 trying to only hold onto my Bitcoins because the price per coin is very likely to have a large price in the upcoming years. If I make a bunch of Bitcoins I will try to only sell portions of it instead of selling a whole Bitcoin for fiat.

Good idea. At this moment, the price of Bitcoin is consistently rising. Those who held their Bitcoin over the dips will surely earn profit after the fork which happened last Aug. 1 because the inflation started after the segwit. Those who sold their Bitcoin lost the oppurtunity to sell their Bitcoin at this moment, where its price is continuously increasing.

curved9inch

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Always panic bitcoin is never stable and could crash at any moment.

kupido14

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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?

I would probably hold my bitcoin rather than converting it or transferring it to other digital currency because as bitcoin's status it is unstable so there are times that it might hit the top or bottom. We don't know when will drop or increase and as I see there are many time that bitcoin's price increase so I would hold my bitcoin for a meantime. Because even it will drop I am assured that it will recovered immediately.

Finestream

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Quote from: richminded on July 31, 2017, 08:17:12 AM

Not really, in my view i dont need to panic simply because i believe on bitcoin and i know that what ever happen bitcoin will always bounce back, look a the price of btc now a lot of news about the fork but as we can see the price of bitcoin are still strong. Im just here waiting to accumulate more bitcoin when it hit lower price again.

If you believe you will never gonna feel that panic that some weak hands are feeling right now.
When they are on the panic mode we also in the buying more, our actions are more favorable because in the long run we will see again the price of bitcoin will dump, this happened already most of the time so we need to follow the trend, if we do thins every time we will gonna make money in a short period of time also.

bgibso01

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Its not falling... its doing a steady climb.. and after 1st Aug, there will be more uptrend of bitcoins...

bitbunnny

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What is the use of panic, nothin good at all, thus you can't achieve anything. You could only make wrong decision because you are not thinking clearly with your head. Although the famous August 1st is approaching price is looking pretty stable, no sight of big dumps like some were announcing, so I think that we can stay calm and watch August 1 passing by.

Palider

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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?

The best thing to do is to hold. It happened a lot before right. BTC price dropped a lot, but soon recovered. I think it will just happen again this time. Just be patient when holding in to your BTC. It might even drop very low, but I'm sure that just within a few weeks it will recover.

richminded

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Not really, in my view i dont need to panic simply because i believe on bitcoin and i know that what ever happen bitcoin will always bounce back, look a the price of btc now a lot of news about the fork but as we can see the price of bitcoin are still strong. Im just here waiting to accumulate more bitcoin when it hit lower price again.

omonuyak

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It was panic time and the sacking hand are selling off their position for the professional to make more money. But as at today it seeing the panicking is over and people are having little confident on the market.

Sniper150

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Quote from: BossMacko on June 16, 2017, 01:27:27 AM

For me i don't worry even if it fall, no need for panic selling because its been proven before, price will drop then it will rise again higher than the peak last time. That's the cycle of Bitcoin nothing to worry about that. I will only worry if the price goes to 100$ usd in one night and never come back up again.

Yes, I agree with you. We all know that bitcoin wasn't have a consistent price, It was fluctuating because the demand and supply were also changing. If you are saying that if the price of bitcoin drop in 100$ USD then you are now going to worry, Yes, there is a big chance to drop in that certain price but if that would happen, I would cash out all my bitcoin on my wallet because that was very low price and I think that I couldn't get a high profit on it.

malikusama

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Don't panic price is still above $2800 now, the high price today before august 1 shows the bitcoin has gained the trust of the people and they didn't cash out, and hope so it will going to boost high after august 1. Hold your bitcoins for a huge profit in the future.

rhamzter

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Quote from: Opekin on July 31, 2017, 12:37:36 AM

Quote from: Rufsilf on July 28, 2017, 12:30:57 AM

No, it is not the panic time in bitcoin to sell your bitcoins because the thing that we need to do is opposite of that, we need to be optimistic in order to overcome this challenge and if you have money then you can buy more bitcoins in the market and keep it and sell it when the market rise again.

Thats True., Only those who have weak hands and lack of knowledge will sell when seeing a big fall down in bitcoins price like some new speculations about a FuD news the bitcoins will crash .We cant blame some of them because they only invest without having a knowledge what is their investments .

I think it is not enough reason to panic. Because I'm pretty sure that bitcoin price was not stay in low price. Due to this coins is indemand to the market. Moreover I believe that this bitcoin can survive in this coming segwit.

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