Bitcoin is Falling...Is it Panic Time? - page 91.

EthanB

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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?

Your friend Preev.com is an extremely fickle lover. I hope you didn't get rid of your coin, because only a couple days after OP we're back up to $2,700 a coin with raises and increases in sight! I have alwayss said that my advice iss holding onto as much bitcoin as possible for as long as possible; try not to get fooled by the profit of today and look much further! Alt-coins will come and go, but bitcoin is our longevity monster.

gracia0023

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No need to panic will the bitcoin is fluctuated. It is normal that bitcoin falling in lowest value of it. Bitcoin is unpredictable there are time that bitcoin reach the higher price day to day. This scenario happened before.

whizter

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Quote from: Finestream on June 20, 2017, 05:57:44 PM

Quote from: passwordnow on June 20, 2017, 05:27:53 PM

I guess the panic time is already done, as the price of bitcoin starting to show it's increase. But it is still a good time to buy bitcoin as we will potentially see the price of bitcoin fly to the moon.

It's not totally done, maybe temporarily but expect the price will go down again, that's how it works because the price of bitcoin is volatile.
Actually there is nothing to panic if you understand and believe bitcoin will be able to achieve a bigger value in the future, in fact the reality says or the trend says that the value is increasing on a yearly basis.

that is just the correction and after that the price of bitcoin is going to increase more, and therefore the price of bitcoin will stay here not for a long time and very soon going to start increasing. we can expect that the price of bitcoin will easily cross 4000$ in next few moths. so i think it is still a good time to buy bitcoin because it can give you a good profit after some time.

Finestream

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Quote from: passwordnow on June 20, 2017, 05:27:53 PM

I guess the panic time is already done, as the price of bitcoin starting to show it's increase. But it is still a good time to buy bitcoin as we will potentially see the price of bitcoin fly to the moon.

It's not totally done, maybe temporarily but expect the price will go down again, that's how it works because the price of bitcoin is volatile.
Actually there is nothing to panic if you understand and believe bitcoin will be able to achieve a bigger value in the future, in fact the reality says or the trend says that the value is increasing on a yearly basis.

passwordnow

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I guess the panic time is already done, as the price of bitcoin starting to show it's increase. But it is still a good time to buy bitcoin as we will potentially see the price of bitcoin fly to the moon.

GoodLuck2

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Quote from: Wesimon on June 20, 2017, 10:35:11 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. We must hold on to bitcoin because from all the coins bitcoin is a really promising currency though other would contradict with us.

Yes right the price of bitcoin is falling you do not panic to see the price that its price is going to falling and suddenly you sell all the bitcoin or you move other untrusted coins and say that bitcoin will be going to dead, that is not a good way because bitcoin is a very trustful currency and it will not goes to down permanently its price is depend on demand if its demand is high its price will be increase and its demand is low its price will be low so if its price is going to low you do not panic and hold bitcoin for long time or and invest your money .

TheCoinGrabber

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Well, I've already decided to hold on to a certain amount that I will not sell, no matter what. Guess we'll just have to see whether it was a great or stupid idea. People lose money all the time, you need to take some risk to get anything.

Wesimon

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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. We must hold on to bitcoin because from all the coins bitcoin is a really promising currency though other would contradict with us.

Shinpako09

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Good thing for those who didn't get panic. It's already $2656 now at bitstamp and it seems slowly rising. If there are fall of price don't get panic just because of that. It will recover sometime for sure and that is proven, and that is the how the price movement works. It's common.

vasrasus

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Quote from: dzoi06 on June 20, 2017, 08:53:35 AM

Ofc it is not panic time. A lot of people sold their bitcoins what is really stupid because the value of btc go up and down. "After the rain, comes the sun" and i think that btc value will pass 3000 at some point.

It is actually panic selling occur last week after Bitcoin regain it's price to 2700$ each. Some whale that bought in cheaper price dump their coin because they are on profit. And now they are buying back again that results on pumping again the price to 2600$ each.

bamboylee

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Quote from: ClaraLuV on June 20, 2017, 08:26:31 AM

Quote from: Casdinyard on June 20, 2017, 02:24:41 AM

I just hate when people get panic if bitcoin is dump.
Why dont just look the other side of this. Its dump and its good to buy for investment. Thats it.

Take a look at all the investment opportunities,people will panic if you see a dump and it is a reaction that everyone who holds a good amount of money would react to what the market is and it is really a good way to sell off if there is a big dump and plan on entering when everything settles down,there is nothing wrong in that.

It is okay if you are still in profit when you sell on dump; but if you are on loss, it is not wise to sell on dumps. And it is bitcoin, your investment should be long term to overcome the volatile nature of your investment. Panicking will make you lose sight of this important aspect of bitcoin investing.

dzoi06

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Ofc it is not panic time. A lot of people sold their bitcoins what is really stupid because the value of btc go up and down. "After the rain, comes the sun" and i think that btc value will pass 3000 at some point.

logicgate

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Quote from: Rajamuda on June 20, 2017, 12:56:20 AM

Don't panic. Maybe now it's falling down but can going up again without us guessing. At such times it's better to buying it than to selling it without prediction, but i think bitcoin price will be rising up again. Use a good strategy under any circumstances to earn more profit.

yeah right bitcoin price is dumping its not a problem and do not panic I am also sure that its price will rise again because its adoption is increasing day to day and I hope that's is not far that all countries adopt bitcoin and through adoption its price will be more rise and I noted some people they sell their bitcoin they says that its price will be more falling , so I suggest that you don't panic see the price of bitcoin ,now you hold your bitcoin because its price will starting going to increase again after this or next week.

ClaraLuV

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Quote from: Casdinyard on June 20, 2017, 02:24:41 AM

I just hate when people get panic if bitcoin is dump.
Why dont just look the other side of this. Its dump and its good to buy for investment. Thats it.

Take a look at all the investment opportunities,people will panic if you see a dump and it is a reaction that everyone who holds a good amount of money would react to what the market is and it is really a good way to sell off if there is a big dump and plan on entering when everything settles down,there is nothing wrong in that.

buwaytress

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Quote from: Casdinyard on June 20, 2017, 02:24:41 AM

Quote from: thymeow on June 19, 2017, 10:12:29 PM

Just because the btc price is going low, it means it's going into bankruptcy. Don't panic - this is actually the best time to buy btc and wait for it to go up again - sell it when the price rise up.

I just hate when people get panic if bitcoin is dump.
Why dont just look the other side of this. Its dump and its good to buy for investment. Thats it.
Of course it fluctuates because its digital currency just like the other real currency. Lets all be thankful that the rate today is crawling slowly to better rate.

Whether it's a majority of computer geeks and newbies on crypto exchanges or middle-aged stockbrokers on Wall Street or yuppie latte-drinkers on forex exchanges... the market reacts like this. Panic sells and hysteric buys will always be common denominators.

Without them and their volume, Bitcoin would be less than what it is today. Let's appreciate everyone:)

deisik

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Quote from: Casdinyard on June 20, 2017, 02:24:41 AM

Quote from: thymeow on June 19, 2017, 10:12:29 PM

Just because the btc price is going low, it means it's going into bankruptcy. Don't panic - this is actually the best time to buy btc and wait for it to go up again - sell it when the price rise up.

I just hate when people get panic if bitcoin is dump.
Why dont just look the other side of this. Its dump and its good to buy for investment. Thats it.
Of course it fluctuates because its digital currency just like the other real currency. Lets all be thankful that the rate today is crawling slowly to better rate

I'm curious why you hate people for that

Or do you get panicky yourself when the price goes down quick and you come to hate all these people since they are the ones behind the price crash and thus make you feel nervous ann frustrated? After all, if dumps are good for investment (as you seem to claim), you should actually be happy that the price plummets as well as love the panicky types, certainly not hate them. So how are really different from them?

Casdinyard

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Quote from: thymeow on June 19, 2017, 10:12:29 PM

Just because the btc price is going low, it means it's going into bankruptcy. Don't panic - this is actually the best time to buy btc and wait for it to go up again - sell it when the price rise up.

I just hate when people get panic if bitcoin is dump.
Why dont just look the other side of this. Its dump and its good to buy for investment. Thats it.
Of course it fluctuates because its digital currency just like the other real currency. Lets all be thankful that the rate today is crawling slowly to better rate.

Rajamuda

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Don't panic. Maybe now it's falling down but can going up again without us guessing. At such times it's better to buying it than to selling it without prediction, but i think bitcoin price will be rising up again. Use a good strategy under any circumstances to earn more profit.

voltesbit777

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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?

Holding bitcoin/altcoin in a long term was really a good one to apply, because even iot drop the price value, there's no other way but to increase the value again. So meaning, nothing to worry about it.

thymeow

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Just because the btc price is going low, it means it's going into bankruptcy. Don't panic - this is actually the best time to buy btc and wait for it to go up again - sell it when the price rise up.

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