Bitcoin is Falling...Is it Panic Time? - page 94.

prass tyo

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Quote from: geegaw on June 18, 2017, 10:27:30 AM

Quote from: icecube45 on June 18, 2017, 10:05:59 AM

I still hold bitcoin because I believe this is just a correction and the price will soon recover, there is no reason now to do panic selling. Fluctuations are still reasonable, and since you created this thread until now the price is slowly recovering. So there is no reason to do panic selling, this will make the price worse if done. Or maybe it's better to buy, it will be more profitable.

Yes, i also believe the price of bitcoin will soon recover, panic selling only makes us lose profits and help others earn profits, if we know and learn about bitcoin for a long time, we will know that volatility is now normal. We need to believe in bitcoin, it will not be easy to collapse just because of such fluctuations. Panic selling is a very stupid thing, many people will feel regret when the price of Bitcoin rise again, and in the next increase, Bitcoin will show us the value and potential of it

Do not ever do the name panic selling, it is a silliness for those who are still new in trading, but for the long time such a thing will never be done, we must believe with bitcoin future with limited stock then in the future price Can reach 1 sathosi = 1 $ so do not throw away and wasted your bitcoin

geegaw

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Quote from: icecube45 on June 18, 2017, 10:05:59 AM

I still hold bitcoin because I believe this is just a correction and the price will soon recover, there is no reason now to do panic selling. Fluctuations are still reasonable, and since you created this thread until now the price is slowly recovering. So there is no reason to do panic selling, this will make the price worse if done. Or maybe it's better to buy, it will be more profitable.

Yes, i also believe the price of bitcoin will soon recover, panic selling only makes us lose profits and help others earn profits, if we know and learn about bitcoin for a long time, we will know that volatility is now normal. We need to believe in bitcoin, it will not be easy to collapse just because of such fluctuations. Panic selling is a very stupid thing, many people will feel regret when the price of Bitcoin rise again, and in the next increase, Bitcoin will show us the value and potential of it

Victorycoin

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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?

Though the saying that whatsoever goes up must come down is a fact of life, Bitcoin here is going to be one of the exceptional cases where drops in price wouldn't necessarily mean anti climax. It is simply the normal course of every financial asset to move in wave-like form, forming troughs and crests as they go.

crairezx20

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Quote from: CODE200 on June 18, 2017, 10:17:44 AM

Quote from: Harlot on June 18, 2017, 10:11:53 AM

That is one thing you don't want to do when you are Investing/Trading. Being at the state of Panic or at least Participating in a Panic Selling will do you know good. Having a Panic attack will only give your mind to have hard decisions (which mostly what you are choosing are the wrong ones). Don't worry If you are a long term investor than price drops like this one are normal because it is a profit taking time every time Bitcoin reaches a new high it is inevitable to happen not unless big players are not willing to sell.

Very well said, In my experience the panic selling is just a decision that will make you lose because that selling strategy make my bitcoins go to nothing so I earn from that and now I am trading with patience because the panic selling is the very wrong decision that should not make if you are trader.

It will be still depends if the price is high and there are some bad news about bitcoin expect that the price of bitcoin will decrease so if they seen some sign of price drop they will sell their bitcoin just to make profit for their bitcoin..
Its a part of trading strategy that is why we have old strategy buy low and sell high. So i think the price drop past few days is just a normal movement price of bitcoin..

CODE200

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Quote from: Harlot on June 18, 2017, 10:11:53 AM

That is one thing you don't want to do when you are Investing/Trading. Being at the state of Panic or at least Participating in a Panic Selling will do you know good. Having a Panic attack will only give your mind to have hard decisions (which mostly what you are choosing are the wrong ones). Don't worry If you are a long term investor than price drops like this one are normal because it is a profit taking time every time Bitcoin reaches a new high it is inevitable to happen not unless big players are not willing to sell.

Very well said, In my experience the panic selling is just a decision that will make you lose because that selling strategy make my bitcoins go to nothing so I earn from that and now I am trading with patience because the panic selling is the very wrong decision that should not make if you are trader.

Harlot

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That is one thing you don't want to do when you are Investing/Trading. Being at the state of Panic or at least Participating in a Panic Selling will do you know good. Having a Panic attack will only give your mind to have hard decisions (which mostly what you are choosing are the wrong ones). Don't worry If you are a long term investor than price drops like this one are normal because it is a profit taking time every time Bitcoin reaches a new high it is inevitable to happen not unless big players are not willing to sell.

icecube45

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I still hold bitcoin because I believe this is just a correction and the price will soon recover, there is no reason now to do panic selling. Fluctuations are still reasonable, and since you created this thread until now the price is slowly recovering. So there is no reason to do panic selling, this will make the price worse if done. Or maybe it's better to buy, it will be more profitable.

Pattart

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Better to sell at all time high and invest in other low price crypto currencies like ethereum. If you keep bitcoin at $2,400 and it will rise to $4,800, you will have a 100% profit. But if you buy another alt coin at e.g. $30 and it will rise to $300, you will have a 1000% profit!

If you dare to take risks, maybe you can switch to altcoin investment because the profits may be much bigger because the price change could be more than 1000% increase. While bitcoin is only a few percent. But if you want to be safe keep investing bitcoin

CrownPolly

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Quote from: Dr.Osh on June 18, 2017, 04:37:03 AM

Well, if that happens, I advise not to panic. Panic just makes us take bad decisions. Well, maybe it's better to hold it because it's still very likely that bitcoin prices go up high. Well, that always happens every year.

I completely agree with you, Because if you follow the statistics of the bitcoin course a year ago, we will see a similar trend for almost 2 consecutive years.

deisik

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Quote from: Jherek on June 17, 2017, 04:42:12 AM

I think that the floor is definitely $2200-2300 right now. There is no way that bitcoin was going to go lower than that in the next month or so, or at least until the UASF. This means that it is quite a safe investment as anyone that is buying in now isn't going to experience losses that are larger than $200 or so. And if you just hold onto your coins there is a possibility that after the potential hard fork the price of the original bitcoin(say bitcoin unlimited + bitcoin core = original bitcoin) will actually go up. So easy profits either way

As they say, easy come easy go

Apart from that, claiming that "there is no way that bitcoin was going to go lower" (until the UASF clock strikes) is bordering either on insanity or delusion. The price may stay for quite some time in the range you mentioned (i.e. 2200-2300 dollars or so), and then all of a sudden crash a thousand dollars when insiders get some nasty info about the real state of affairs in Bitcoin and its future. Prices moving in a relatively narrow range (in Bitcoin terms, of course) may be lulling and dulling vigilance but they are in no way a guarantee of any future stability

Dr.Osh

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Well, if that happens, I advise not to panic. Panic just makes us take bad decisions. Well, maybe it's better to hold it because it's still very likely that bitcoin prices go up high. Well, that always happens every year.

deisik

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Quote from: btcney on June 17, 2017, 10:55:47 PM

Quote from: dothebeats on June 17, 2017, 10:15:47 PM

That's the whole point of these large -ve changes in crypto, to shake off qeak hands and to get those bitcoins from them for leverage and more profit. If you have been in bitcoins for a long time, you will notice that the patterns are always like this: big price dump followed by a surging rally.

Now at $2560. Last dump lasted for a week.

IMO the bear market is probably going to last another week or two before the price stabilizes. Right now though it seems like the price is going back up again which is really quite strange. Maybe the floor is just set in stone at around $2500 and if it ever touches $2500 it'll just rebound back up again. But I think what is likely to happen is bitcoin is going to go down to $2.2k as the lowest in the next few weeks before rebounding

Why is it really strange?

Or do you really think that "you know better" (how markets and prices should behave)? if so, you are in for a surprise (basically, you are already there) and potentially for a big trouble ahead as well. As John Keynes once said, markets can stay irrational longer than you can stay solvent. And it is in fact a big if whether it is markets which are irrational here or you who is delusional in your assumptions

iamTom123

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Quote from: hahay on June 17, 2017, 07:53:15 PM

Quote from: Seeker01 on June 17, 2017, 06:47:45 PM

Quote from: Inkdatar on June 17, 2017, 09:03:12 AM

For me, Im still HODL my bitcoin even I bought it at expensive rate I would still HODL. I dont panic because I believe I can earn profit in the coming months and years. HODL is my choice.!

Same thing with me this is the best thing we can do about our bitcoin, to hold it for long period of time because i believe in the future of bitcoin even if the price of it fell down sometimes i know it will bounce back higher and create new ath.

Good, the decline in bitcoin prices is not something that should make us panic. Preferably, when the bitcoin price is falling it's the right time to buy it and hold it to prepare the big profits you will get in the future. Good luck!

This seems to be the general feeling for Bitcoin whenever there is a decrease or even a fall of price. In fact, there are those who are really rejoicing so they can get hold of Bitcoin at a lower price in the hope that Bitcoin can later on make a good comeback and which can happen really anytime.

For a trader's mindset, this can be an ideal way to make some money. When it is low it is time to buy and when it is high it is time to sell. Most of those who might panic are really neophytes who do not understand the history of Bitcoin and can be expecting that in the real world it is all up.

pacifista

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Bitcoin is recovering ,no need to get panic.And besides you cant call it panic if bitcoins price is still at 2000$ . I will only say its a panic time once bitcoins price goes down at 3 digits

HeRetiK

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Quote from: iamTom123 on June 15, 2017, 11:33:33 PM

Against this backdrop...are you holding on to your Bitcoin or transferring it into another digital currency?

Historically speaking, alt coins have not been a good hedge against Bitcoin decline. This may have changed though, at least with some of the newer generation of alts.

micher143

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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?

Bitcoin is just starting it's journey so don't panic sell no matter what dump that will happen bitcoin will pump again. Small dump is just normal so when you are going to panic sell you will just lose your money into it because I am sure that bitcoin will pump again just like what happen now. bitcoin is in the 2,600$ again. after the dump.

DrGuns4Hands

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No,as I always say it's not a big deal because if bitcoin is falling, it's a great time to purchased other people who wants to have an account here in bitcoin. There's nothing to be panic or what. It's a usual thing for me. It's not that big problem if I encounter that falling of bitcoin. It's a great deal

paned12

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no its not actually it is the best time to buy some bitcoins, because bitcoin will rise up to 3000$ this year for sure, many of the traders wait a long time for this scenario that the bitcoin will decrease its price, because after the price go down it usually increase up to 200% for sure.

HatakeKakashi

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Quote from: picorino on June 16, 2017, 09:34:24 AM

Yeah it is pretty sure that any time soon Bitcoin's value it is gonna drop . Like it has happened several times in the past . Bit why panic ? The price is going to be high again and even higher than now . No panic at all guys

Everything is possible to happen and I think this year theorice will increase more so we dont panic . Yah, bitcoin anytime possible to drop but I hope it will not happen in this year or in the next few years. But no one knows what is the future of bitcoin but I hope the future is good to us. Better to buy bitcoin now and hold it for few years to make a lot of profit after few months.

itsallpc

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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?

Just holding my bitcoins and even trying to buy some more bitcoins as i have already seen such price drops and sudden recovery from price drops earlier.I know the potential of bitcoin and it is only new investors who get panic and sell their holdings immediately.

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