Bitcoin Price Slides Under $7,600 as Market Dips Below $300 Billion

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Quote from: virasog on March 31, 2018, 09:16:01 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

Selling is obviously not a right decision. You will miss the profits when bitcoin will rise again. I think it is time to think as why the market is so down ? Has the people given up on crypto or they are waiting for bitcoin to dip a bit more so that they can buy cheap.
Whatever maybe the case, Moving below 7000$ will be an alarming sign for all of us. Sad

Well for a while it did slip below 7k. But you'r right. A plunging market isn't the time to sell. But low sell high right? If you're not sure of what to do then stick to that saying. This happening is causing a pretty good panic attack for many people Cheesy

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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

Selling is obviously not a right decision. You will miss the profits when bitcoin will rise again. I think it is time to think as why the market is so down ? Has the people given up on crypto or they are waiting for bitcoin to dip a bit more so that they can buy cheap.
Whatever maybe the case, Moving below 7000$ will be an alarming sign for all of us. Sad

JMD07

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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

This is now in a 3 months with this bearish market as the rebound is just small increment with a bigger dumps. I'm still hoping that more new investors with a hold mentality will join and buy bitcoin to ease a little percentage of the price as I keep holding and waiting for the bounce back with a better price soon.

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Quote from: ?? on ??

Holding coins should be the best solution of this situation. This price drop is okay as it is bitcoin's nature to fluctuate. So, hold on your patience because the price is going to recover fully in this year.

the problem is most of those keep on saying HODL are those in deep trouble and just a seconds away from selling their bitcoins because the truth is thats the only funds they have and what they need to live..this is the problem thats happening now thats why market continues to fall..and this scenario gives those whales a chance to keep on buying while the small holders keep on selling to stop the loss

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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

The Crypto market is little green in current Status but it will continue or not we don't predict the future possibilities because it is not a big hike in market. I hope Bitcoin will again going to pump in next month or tomorrow because all are waiting for past three month still we can't judge the crypto platform stability.

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Quote from: Kemarit on March 30, 2018, 02:55:41 AM

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.

And the price went down again and has seen in $6,800 so that really made those newbie investors totally burned inside. I know what they are feeling right now is like they don't want to invest in bitcoin anymore but due to this if they know that there's an advantage of taking this dip seriously is to buy when there's a dip.

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Quote from: hase0278 on March 30, 2018, 06:39:36 PM

Quote from: ?? on ??

Bitcoin has fallen below the $7,600 mark for the first time since March 19. Earlier today, the price of bitcoin dropped to $7,530, after peaking at $8,150 less than 20 hours ago.

As of this post, bitcoin is sitting on 6823 USD price according to preev and somehow I think it is a good sign that bitcoin is not dropping fast compared to the bearish trend it has shown way back after the gox incident. This is a good indicator that history would not repeat itself and a great sign of bitcoin's resilience. For now, the best thing to do right now if one haven't sold yet is to hold, although that is the case, I think this isn't the best time to buy some coins.

well history has already repeated itself!
price has already fallen big time, current price is about 65% lower than the ATH and we have had up to 70% drop so far. and it had little to do with Gox thing. but i agree that if they haven't sold already then it is way too late to start doing it now that price has fallen this much.

ladyinredcoins2018

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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

Now is the best time to buy bitcoin because it is of less value now in the market. You have to see that after a heavy rain comes out the sunshine.

hase0278

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Quote from: ?? on ??

Bitcoin has fallen below the $7,600 mark for the first time since March 19. Earlier today, the price of bitcoin dropped to $7,530, after peaking at $8,150 less than 20 hours ago.

As of this post, bitcoin is sitting on 6823 USD price according to preev and somehow I think it is a good sign that bitcoin is not dropping fast compared to the bearish trend it has shown way back after the gox incident. This is a good indicator that history would not repeat itself and a great sign of bitcoin's resilience. For now, the best thing to do right now if one haven't sold yet is to hold, although that is the case, I think this isn't the best time to buy some coins.

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The best thing one can do right now in this downfall is to wait it all out before something definite comes to light. For those who can afford to shell out some extra cash, buying wouldn't hurt if you're capable of waiting for the next few weeks. With this kind of selloff, the lower part of the food chain (weak hands) often bail out thinking that it is the best thing to do in order to avod further losses while the patient ones tend to bear the beatings and didn't lose faith along the way. It's easy to stay optimistic but harder to stay rational especially if you're losing money along the way.

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Quote from: usekevin on March 30, 2018, 06:31:48 AM

The price of bitcoin had reached 6700$ today. Then it had started to increase and then it reach 500$ in a couple of hours due to increased in investor at the dip.The price of Ethereum is struggling to reach 500$,but the price of bitcoin is vary 500$ in few hours. It's the power of bitcoin over other cryptocurrency.

Yes, I also saw it, it bounce back to $7100 and I thought that we somewhat recovered but dip again. So we are really struggling, but as what most of you guys says, its good to at least scoop some more bitcoin at the current price and just hold.

As for Ethereum, yeah its also struggling and I think it was hit much worst than bitcoin in my opinion, just last January it rode into another all time high, as bitcoin is sliding, Ethereum keeps on going up, however, later this bloodbath caught up with Ethereum and everyone has suffered from this bearish trend.

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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

We should wait for one or two months automatically crypto market is going to normal. Because all the whales are selling Bitcoin at the same time price is decreasing slowly after selling again whales are buying Bitcoin then It will going to pump so this is looks like a cycle every year it was dumb and pump is possible in Crypto market.

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The price isn't terribly low, it is just about fair, and that's it. If we're talking about something that's terribly low, then it has to be anything below the $3000 level.

My current view on the price;

$7000-$7500 = 'actual' short term value.
$6000-$6500 = interesting buying opportunity.
$5999 and below = buy as many coins as you can.

I managed to scoop up some coins just under the $6700 level, and will plan my next buying action as soon as the price dips under the main bottom of $6000, of course if it happens to fall down that much. If not, then no problem, I'll enjoy the ride up to wherever it may go. I'm utilizing my opportunities to the fullest, which is exactly what you in these situations should be doing.

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Quote from: magneto on March 30, 2018, 04:00:01 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

No, best thing to do is to hold till the next bull season comes by.

If that's not possible for you, then sell when the market recovers to around ~$8000. I believe that is going to happen soon, since we've bottomed out at $6730 today and we've already recovered $500 per coin within a few hours.

I don't believe there to be much point selling below $7000 because that is pretty much the buy target of a lot of people. You're literally selling into the eager buyers hands, and you yourself will probably buy back once the next bull market starts happening and regret your decision. With market cap already below $300 billion it shouldn't drop that much further. I've said in another post I think lowest BTC will go is around $3k. This is why I believe in long term holding, sometimes you are tempted to sell at prices so damn low, yet you're not willing to sell when prices are skyrocketing.

Yeah the poisoned chalice of holding is the natural instinct to regret unrealised profits at past prices, coupled with the knowledge that many alts would have given far better value.

Which is why, if you're holding, don't pay attention to everything else around bitcoin. That's just white noise til you meet your end point years from now.

I'm selling whatever I need whenever I need. When I'm lucky I sell at a top. When not so lucky, I gotta sell at a dip, like what I had to do today.

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Lampaster

sr. member

Activity: 406

Merit: 255

Quote from: Ararbermas on March 30, 2018, 05:38:25 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

this is not the first time that bitcoin price drop terrible.'cause indeed since the price rocketded last year it always swing back to the lowest value , but it will never go to $0 'cause the fact it always gain more and survive after the worst situation. so why selling ? Just keep it up mate don't give up to avoid loses on it.

Why look so far? This year there was a period when the price of bitcoin fell below 6000 dollars. But for me this is not an indicator. I know that the price of bitcoin will rise but you need to trust and wait. Anyone who sells bitcoin for $ 7000 will buy it for $ 10,000. This time the price rise will be very fast. No one has time to react.

Ararbermas

sr. member

Activity: 2016

Merit: 283

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

this is not the first time that bitcoin price drop terrible.'cause indeed since the price rocketded last year it always swing back to the lowest value , but it will never go to $0 'cause the fact it always gain more and survive after the worst situation. so why selling ? Just keep it up mate don't give up to avoid loses on it.

imapessimist

jr. member

Activity: 266

Merit: 1

Selling during a dip is probably not sensible unless you are expecting the price to crash and never rise again. And also not sensible is to buy during a high price. If you are determined to buy then buy low not high. What is low. Well I think now it's quite low but it could go lower. I thought during the last crash it would go lower but it didn't. This time not sure.

magneto

hero member

Activity: 1666

Merit: 753

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

No, best thing to do is to hold till the next bull season comes by.

If that's not possible for you, then sell when the market recovers to around ~$8000. I believe that is going to happen soon, since we've bottomed out at $6730 today and we've already recovered $500 per coin within a few hours.

I don't believe there to be much point selling below $7000 because that is pretty much the buy target of a lot of people. You're literally selling into the eager buyers hands, and you yourself will probably buy back once the next bull market starts happening and regret your decision. With market cap already below $300 billion it shouldn't drop that much further. I've said in another post I think lowest BTC will go is around $3k. This is why I believe in long term holding, sometimes you are tempted to sell at prices so damn low, yet you're not willing to sell when prices are skyrocketing.

Siren

sr. member

Activity: 826

Merit: 265

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

you dont need to have our opinion about what to do,because it will only give you reason to blame someone from mistakes..i guess youre not a newbie the way you delivered this topic and question..i would rather give my own stand in this matter that i am holding still even though i am in loss of more than 50% of catipal.since my trust for this coin is indeed,i am willing to wait until some good speculations happens

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 (Read 268 times)