BTC dump and Prices Falling- Hold Tight!!!

Juggy777

hero member

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Quote from: masterbt on November 29, 2017, 04:02:45 PM

This is expected, after a big boost for over 1500$ in few days. Some big investors are selling it. Importantly many other coins are also falling, which means this dump is not for reinvesting in other coins. So, hold tight guys, don't panic.

I am not even surprised that there is a dump happening already, Nasdaq is getting it mid 2018, Cme anytime in Dec that means the mother of all rallies has to begin, they are just buying at low prices and will sell when it booms, collect, hold, and sell later. There is a major rally coming just a matter of time and ps with the give away season it's best if it falls so there are more contest to earn then it's definitely shooting up.

MattHoo

member

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Merit: 10

Yeah, just hold tight bitcoin, don't need to be panic. It will go up back to what it looked like last or more higher, just problem of time Cheesy

buwaytress

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Quote from: Crypto_Zone on November 30, 2017, 04:23:28 AM

Quote from: Nowherman on November 30, 2017, 03:53:05 AM

Dump is an absolutely natural process. Bitcoin grew from $ 5,000 to $ 11,000 for the month.
Quite naturally, many want to take their profits, which leads to a certain reduction.
I think BTC will go up again in a couple of days. And most likely we'll see how bitcoin reaches 15,000 USD.

A huge dump is not an natural process. It is a control of big whales.

Got to agree here! There's a lot going on now with crypto, and the market is too limited and narrow to lend any semblance of organic movement. The "bull run" was highly unnatural - but it is perfectly logical to expect profit taking and mass sell offs after the 10k mark was hit. I think those who gambled on even higher, 10.5 or 11k, will be feeling very smug right now. These will probably wait for January 2018 to see the aftermath of the sell off. Anything at this levels below 10k, or possibly even lower, will be seen as smart entry points.

Bitcoin is proving to be extra resilient. Hard to say how much of this is due to manipulation, though. And I'm simply unwilling to speculate deeper.

paolo099

full member

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Merit: 101

BTS are a very long term investment, this fluctuation should not worry the hodlers because in the long run, BTC will be back on truck or even higher than before.
Hold tight unless you are a daily trader, in this case every big fluctuation can get you some gain (like the one we was 2 days ago).
Set yourself a goal and pursue it no matter what, BTC is still the king of crypto and will last very long, for the alt coins its a different story.

MotulDiesel

member

Activity: 112

Merit: 10

My plan in bitcoin investment is stay cool. Raising and falling is natural rule in market so don't be affected by this rule. This time is for holding. I prefer not doing any thing in this time and hold tight. I predict bitcoin will raise again in next few days and will be reach a huge number in the beginning of the next year so i don't afraid of dump or prices falling, i have my own plan so i will stick to until it is finished !

Crypto_Zone

newbie

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Quote from: Nowherman on November 30, 2017, 03:53:05 AM

Dump is an absolutely natural process. Bitcoin grew from $ 5,000 to $ 11,000 for the month.
Quite naturally, many want to take their profits, which leads to a certain reduction.
I think BTC will go up again in a couple of days. And most likely we'll see how bitcoin reaches 15,000 USD.

A huge dump is not an natural process. It is a control of big whales.

TagaMungkahi

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You also need to consider the CME because of this boost, price dip is normal and i don't see any problem with that, there is casual mass sell of Bitcoin because of the new high it reached but i doubt that it will stop the Bitcoin rally for now, not until we see the result on CME on how will they handle the investors on Bitcoin Futures, but as of now, we should all Hold tight.

Nowherman

member

Activity: 378

Merit: 10

Dump is an absolutely natural process. Bitcoin grew from $ 5,000 to $ 11,000 for the month.
Quite naturally, many want to take their profits, which leads to a certain reduction.
I think BTC will go up again in a couple of days. And most likely we'll see how bitcoin reaches 15,000 USD.

steadyrice

member

Activity: 140

Merit: 11

This might help reduce the "bubble-inducing" sudden interest in bitcoin as well, once it hit $10K, people around me who had no idea what a bitcoin was started talking about how one could purchase it. I think this sudden drop will drive those people away for now.

masterbt

full member

Activity: 136

Merit: 100

This is expected, after a big boost for over 1500$ in few days. Some big investors are selling it. Importantly many other coins are also falling, which means this dump is not for reinvesting in other coins. So, hold tight guys, don't panic.

Topic: BTC dump and Prices Falling- Hold Tight!!! (Read 415 times)