Topic: Bitcoin is Falling...Is it Panic Time? - page 97. (Read 34150 times)
Nope its time to buy more, silly
Against this backdrop...are you holding on to your Bitcoin or transferring it into another digital currency?
There is no other solid options better than Bitcoin, every coin which would find itself in the position of bitcoin would suffer the same or even bigger problems.For example Ethereum is not some amazingly technically superior coin to dethrone BTC just because ETH can support smart contracts, Ethereum can currently do around 7-15 tx/s.
And ETH's network can be bottleneck way easier than Bitcoin. Anyway - switching from BTC to altcoins seems like not wise idea at all.
Im keep focus at bitcoin, but at this stage no one should be present at one single coin, i do have some extra investment besides bitcoin, altcoins has becamed very atractive on the last days, and their potencial is making a lot people to swith from bitcoin.
I am saving my coins and not intend to sell them. Probably would invest, buy litecoin because I find that it is a good choice. From the things that can read on forum and on internet sites, I can figure out that price of bitcoin is not going to drop much, but is going to rise again, so i am not panicking, my decision is definitely to save them.
I'm mostly in US dollars nowadays
I buy Litecoin on dips with dollars and bitcoins that I still have. In my view, right now Litecoin is the best choice if you want to stay in crypto at all.
Interesting thought. Mind sharing what your current BTC-LTC-USD ratios in percentages are, and how you would like them to be before the situation according to you goes bananas?I buy Litecoin on dips with dollars and bitcoins that I still have. In my view, right now Litecoin is the best choice if you want to stay in crypto at all.
I don't think that many long term Bitcoin holders will ever look at Ethereum. To them, it is yet another coprocoin that is going to scam enormously sooner or later (and rather sooner than later). And I certainly second that view
I'm in the same boat. I am not in any altcoins at the moment, and will likely not take any positions into altcoins at a later period, but the only coin that I still somewhat value is Litecoin. I still believe in the Bitcoin is Gold and Litecoin is Silver argument. Basically every coin in the 2.0 category is subject to a certain form of centralization, plus there is always something that stinks about how their coins have been distributed. 
Personally, I'm slowly moving my monetary wealth to Litecoin. That seems to be a safer option than waiting out with bitcoins
Moving your bitcoin to other assets is a good idea and i think Litecoin is the only under performing coin in the entire market and i am not too confident with the valuation level and how it might change in the future is to be seen,hope to find other options to hold your money until everything is resolved with bitcoin.I'm mostly in US dollars nowadays
I buy Litecoin on dips with dollars and bitcoins that I still have. In my view, right now Litecoin is the best choice if you want to stay in crypto at all. It follows Bitcoin but if Bitcoin is not going to survive or it splits heavily (with parties involved dumping the Bitcoin they don't like), Litecoin will likely profit from this train of events since traders will start to massively liquidate their Bitcoin stashes. Litecoin would be the best option for them if they are not going to cash out entirely. I don't think that many long term Bitcoin holders will ever look at Ethereum. To them, it is yet another coprocoin that is going to scam enormously sooner or later (and rather sooner than later). And I certainly second that view
Till now, bitcoin has proved that it has capability to recover from big down trends. So if anyone sell bitcoin with down trends, he is loosing this future anticipated profits as well as worsening the market price.
This works until it doesn't
And when it finally stops working, it will be absolutely irrelevant how many times it worked in the past since you will just lose all (unless you book profits regularly and are not reinvesting all). Just like it happens with shit coins on a pretty consistent basis. If you think that Bitcoin is somehow different, let's wait till August 1st and see how things turn out. It may happen that Bitcoin is not in fact as different from the rest of the pack as many think
Theres a saying which almost everyone ignores: "past performance is not an indicative of future results".
That being said I think it will continue to recover. In relation to UASF I think there is too much at stake for the relevant economic parties not to compromise.
Cmon guys. It went up for a whooping thousand of US dollars and yet we are making a scene with just hundreds of it?
Are we still not used of the way bitcoin rise and fall?
This should be normal specially to those members and higher ranking.
Even newbies here does know a trend like that which is just like walking in the park.
No need to panic with this kind of movement. It will come down and yet it will still rise.
Are we still not used of the way bitcoin rise and fall?
This should be normal specially to those members and higher ranking.
Even newbies here does know a trend like that which is just like walking in the park.
No need to panic with this kind of movement. It will come down and yet it will still rise.
Till now, bitcoin has proved that it has capability to recover from big down trends. So if anyone sell bitcoin with down trends, he is loosing this future anticipated profits as well as worsening the market price.
This works until it doesn't
And when it finally stops working, it will be absolutely irrelevant how many times it worked in the past since you will just lose all (unless you book profits regularly and are not reinvesting all). Just like it happens with shit coins on a pretty consistent basis. If you think that Bitcoin is somehow different, let's wait till August 1st and see how things turn out. It may happen that Bitcoin is not in fact as different from the rest of the pack as many think
Personally, I'm slowly moving my monetary wealth to Litecoin. That seems to be a safer option than waiting out with bitcoins
Moving your bitcoin to other assets is a good idea and i think Litecoin is the only under performing coin in the entire market and i am not too confident with the valuation level and how it might change in the future is to be seen,hope to find other options to hold your money until everything is resolved with bitcoin.I personally value my coins too much in order to exchange them for an alt. I rather keep hodling every satoshi I have, and buy even more in case the price happens to tank big time.
Personally, I'm slowly moving my monetary wealth to Litecoin. That seems to be a safer option than waiting out with bitcoins
Moving your bitcoin to other assets is a good idea and i think Litecoin is the only under performing coin in the entire market and i am not too confident with the valuation level and how it might change in the future is to be seen,hope to find other options to hold your money until everything is resolved with bitcoin. 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 $2,800 again after the correction that happened days ago.
I have read that the decline can partly be contributed to newcomers especially neophyte traders who still have to be well-versed on the market...and can easily be ignited to do panic selling once they can fell that anything can be wrong.
Against this backdrop...are you holding on to your Bitcoin or transferring it into another digital currency?
I have read that the decline can partly be contributed to newcomers especially neophyte traders who still have to be well-versed on the market...and can easily be ignited to do panic selling once they can fell that anything can be wrong.
Against this backdrop...are you holding on to your Bitcoin or transferring it into another digital currency?
As a user of bitcoin for a long time now, I can't see any reason to give away or do not hold my bitcoin. Bitcoin is a volatile digital currency, it always go down, especially when there are network splitting or even fork to happen. I did see bitcoin survive and stand from it's losses, and I can't see a way that it will not be returning from it's current price, we just need to wait.
Panic time? I don't think we need to panic. The price rise and fall, that's normal, isn't it? It doesn't mean that if the price fell today, it won't rise anymore. Panic will just lead to losses imo that's why I don't have plans of selling my BTC nor exchange it to other coins.
The price is actually slowly creeping back up to where it was. Now the price is at 2500+ again. You are right, panic will just lead to loses. I think those who panicked came back to their senses and now buying back.
No! ofcourse not,,actually it is the best time to produce or buy more bitcoin because that is the sign of bitcoin that it is increasing again remember the 2500$ prediction of 2018? bitcoin hit it earlier, it is just like this one the price of bitcoin will definitely hit 3000$ above in this year and more increase in 2018 for sure.
I observed the bitcoin price whenever it is going to increase. First, it will go down and slowly it will grow. The same thing is happening now. Last night it went up to $2000. I think it may be touched $2k last night. Today again $500 increase in BTC price. See who all bought last night when it went down today they are in $500 profit. Which online business will give you one day $500 profit. So don't panic still wait for some time your profit will increase more this is sure. 
I'm definitely holding. For one, you can't make money by doing what everyone else is doing, which right now is selling into a falling market. And second, I've been in bitcoin long enough to know that this is normal market behavior in crypto, and I'm pretty sure that the bull market isn't over yet. It's just a correction we're seeing.
So far now, I experienced one worst thing in bitcoin trading and it is that "selling when prices are falling".
Traders think they are protecting their money which may turn zero if they won't sell but in real they doing wrong to both market as well as to themselves.
Till now, bitcoin has proved that it has capability to recover from big down trends. So if anyone sell bitcoin with down trends, he is loosing this future anticipated profits as well as worsening the market price.
Traders think they are protecting their money which may turn zero if they won't sell but in real they doing wrong to both market as well as to themselves.
Till now, bitcoin has proved that it has capability to recover from big down trends. So if anyone sell bitcoin with down trends, he is loosing this future anticipated profits as well as worsening the market price.
And for me, it's not a wise way to sold coins especially when the price is decreasing continously. Instead of minimizing the losses, they are just wasting opportunities since the coins they will sold are majority bought at lower prices. And now what's next? After they sold coins, they will wait again for more price decrease to buy coins but bitcoin price will maintain again it's lead and slowly increasing. Now they are forced to buy at much higher rate than they did to the coins they sold during the price dip to take advantage of the rise.
Bitcoin suffers of major downtrend since it was introduced to us. Lots of them are able to withdstand, thanks to the community. And now the price crash is just few amount to be consider. The lost was about $500-$700 but people forgot that increase made are $1000 above.
Very true!
I have seen my friend selling for $1400 one day and were ready to buy for $1700 in a day or two after when he read news that bitcoin is going to pump.
This is common problem with traders these days. They are very reckless and as a result loose their share from market.
No! ofcourse not,,actually it is the best time to produce or buy more bitcoin because that is the sign of bitcoin that it is increasing again remember the 2500$ prediction of 2018? bitcoin hit it earlier, it is just like this one the price of bitcoin will definitely hit 3000$ above in this year and more increase in 2018 for sure.
Why panic? It's totally normal. It happened many times. Now we are expecting a new boom and value more than 3000$.
So far now, I experienced one worst thing in bitcoin trading and it is that "selling when prices are falling".
Traders think they are protecting their money which may turn zero if they won't sell but in real they doing wrong to both market as well as to themselves.
Till now, bitcoin has proved that it has capability to recover from big down trends. So if anyone sell bitcoin with down trends, he is loosing this future anticipated profits as well as worsening the market price.
Traders think they are protecting their money which may turn zero if they won't sell but in real they doing wrong to both market as well as to themselves.
Till now, bitcoin has proved that it has capability to recover from big down trends. So if anyone sell bitcoin with down trends, he is loosing this future anticipated profits as well as worsening the market price.
And for me, it's not a wise way to sold coins especially when the price is decreasing continously. Instead of minimizing the losses, they are just wasting opportunities since the coins they will sold are majority bought at lower prices. And now what's next? After they sold coins, they will wait again for more price decrease to buy coins but bitcoin price will maintain again it's lead and slowly increasing. Now they are forced to buy at much higher rate than they did to the coins they sold during the price dip to take advantage of the rise.
Bitcoin suffers of major downtrend since it was introduced to us. Lots of them are able to withdstand, thanks to the community. And now the price crash is just few amount to be consider. The lost was about $500-$700 but people forgot that increase made are $1000 above.
So far now, I experienced one worst thing in bitcoin trading and it is that "selling when prices are falling".
Traders think they are protecting their money which may turn zero if they won't sell but in real they doing wrong to both market as well as to themselves.
Till now, bitcoin has proved that it has capability to recover from big down trends. So if anyone sell bitcoin with down trends, he is loosing this future anticipated profits as well as worsening the market price.
Traders think they are protecting their money which may turn zero if they won't sell but in real they doing wrong to both market as well as to themselves.
Till now, bitcoin has proved that it has capability to recover from big down trends. So if anyone sell bitcoin with down trends, he is loosing this future anticipated profits as well as worsening the market price.
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