Bitcoin Price Slides Under $7,600 as Market Dips Below $300 Billion - page 2.

Kemarit

legendary

Activity: 3080

Merit: 1353

Quote from: mega_carnation on March 30, 2018, 02:35:47 AM

Anyone that is riding the trend of selling their bitcoins and adding to the price decrease are in panic and don't have any plans to hold for long term. As the price goes lower what will be the best thing to do is to hold or buy. If you intend to sell during this dip then you are being affected by the FUD or you are wise as a day trader to cut loss and jump off into other coins but I don't advice this to do.

Well we all know that after the December madness, there are a lot of newbie investors who got burned. And as for the last 3 months of so, there are a lot of experienced traders who doesn't want to hold that long seeing how volatile the market is. Every dips they buy and when we thought that we are out of the woods, they immediately dump talking small margin of profits. Plus the FUD really added fuel to the fire that those who are in for the long haul, just decided to sell off and probably not coming back anytime soon. Personally though, another perfect time for those who have been in the game for so long. Purchase it when the price is at a discount then sold when it bounce back. $7,100 is really quite cheap so I don't know why people are still no jumping in today.

mega_carnation

sr. member

Activity: 376

Merit: 251

Anyone that is riding the trend of selling their bitcoins and adding to the price decrease are in panic and don't have any plans to hold for long term. As the price goes lower what will be the best thing to do is to hold or buy. If you intend to sell during this dip then you are being affected by the FUD or you are wise as a day trader to cut loss and jump off into other coins but I don't advice this to do.

Pursuer

legendary

Activity: 1638

Merit: 1163

Where is my ring of blades...

well, that is what you get when we have a huge altcoin market pump that lasted for a very long time. all the altcoins were pumped and on top of that there were lots of new shitcoins created from forking bitcoin to all these ETH tokens that are being created every day. that bloats the total market cap into fake bubble territory and it will burst as the altcoins get dumped.
it may also crash bitcoin price as these altcoins get dumped all together.

Idrisu

sr. member

Activity: 924

Merit: 260

Now bring everything to equality again and another opportunity has been provided for those that which to buy bitcoin with as little as $7000 and ethereum at $386. We may not see price as low as the current price again and I hope must of the news affecting bitcoin turn from the negative inffects to the positives infect from next month

Theb

hero member

Activity: 1680

Merit: 655

Quote from: timerland on March 30, 2018, 02:21:26 AM

Quote from: Cathy1701 on March 29, 2018, 01:59:59 AM

The price is terrible low, should we sold out as its price is low? Or just keep it to wait its price increase？

http://blog.epay.com/c/is_now_the_right_time_to_invest_in_bitcoin

What I see from this situation is that although the prices are probably not going to go up on a grand scale. There may be small rebounds after dumps, but they don't really matter or change the bearish trend anyways.

However, I think that we may have saw the temporary end to this dump. The entire week has been bearish, and the bottom was near. It could be possible that the $6k bottom held its ground, and BTC is now on its way up for a rebound temporarily.

If you're looking to sell, wait for price to recover to around $7.7-7.8k in the short term before selling. If you're a long term holder, investing now wouldn't be a bad idea since you're literally getting a discount of 60-70% from last December when everyone was saying to invest in BTC for the long term.

I wouldn't like the idea of small rebounds as in the long term perspective it will still go down. This bounce plays are technically for people who are into buying and selling in the dips as they are looking for accumulating more Bitcoin in the process. But if this will continue in the long term I don't think Bitcoin will recover in 2018. 5900$ might not be our lowest point for 2018 if this trend will continue, right now the market is bearish overall and that possibility is strong.

timerland

hero member

Activity: 1526

Merit: 596

Quote from: Cathy1701 on March 29, 2018, 01:59:59 AM

The price is terrible low, should we sold out as its price is low? Or just keep it to wait its price increase？

http://blog.epay.com/c/is_now_the_right_time_to_invest_in_bitcoin

What I see from this situation is that although the prices are probably not going to go up on a grand scale. There may be small rebounds after dumps, but they don't really matter or change the bearish trend anyways.

However, I think that we may have saw the temporary end to this dump. The entire week has been bearish, and the bottom was near. It could be possible that the $6k bottom held its ground, and BTC is now on its way up for a rebound temporarily.

If you're looking to sell, wait for price to recover to around $7.7-7.8k in the short term before selling. If you're a long term holder, investing now wouldn't be a bad idea since you're literally getting a discount of 60-70% from last December when everyone was saying to invest in BTC for the long term.

Cathy1701

newbie

Activity: 46

Merit: 0

The price is terrible low, should we sold out as its price is low? Or just keep it to wait its price increase？

http://blog.epay.com/c/is_now_the_right_time_to_invest_in_bitcoin

Topic: Bitcoin Price Slides Under $7,600 as Market Dips Below $300 Billion - page 2. (Read 268 times)