On the weekly chart:
Price is below the lower envelope band (SMA20) and below the SMA25. Both are still rising.
One could expect a (re)test of at least the SMA25, which is at 612$ right now. Indicators would allow this to happen.
If bitcoin would manage to close above 643$ (EDIT: by Sunday), it would be a bullish sign.
If not it will go south for a long time.
Topic: Don't panic (Read 4989 times)
As long as there are sellers there still are buyers for bitcoin. So I guess someone will make some nice money on it soon.
A lot of people are selling, but since there are sellers there must be buyers. Even though numbers are lower right now, there is as many people who think it will go down as there are people who think it is good idea to buy now and get profit later. Otherwise you wouldn't be able to sell it.
if there where as many people who wanted to sell as wanted to buy price would stay at the same level, not falling as is the case now.
there are slightly more people who want to sell then want there are that want to buy atm, thats why prices drop.
when demand exceeds suply again, prices will rise.
A lot of people are selling, but since there are sellers there must be buyers. Even though numbers are lower right now, there is as many people who think it will go down as there are people who think it is good idea to buy now and get profit later. Otherwise you wouldn't be able to sell it.
what do you mean don't panic AAAhhhh haven't you heard the news?
!!!! AAAHHHHH!!!! lol jk.
Thanks for the heads up I would like to have some insight on the current dip from everyone that way I can decide what makes the most sense to me, cheers.
!!!! AAAHHHHH!!!! lol jk.Thanks for the heads up I would like to have some insight on the current dip from everyone that way I can decide what makes the most sense to me, cheers.
It would have to drop at least below $400 for me to start panicking.
what's the difference between:
1100 and 600
1100 and 500
1100 and 400
?
The difference is 1100 is a price from a manipulating company that has committed probably every financial crime there is, while creating new ones.
600 is the number from two months ago people were starting to panic about going below.
500 seems to be the new number for now.
400 will be the next.
See a trend? I do. I'm done being greedy, my new sell price for the vast majority of my btc and ltc will be lower, since i'm not missing the next rally above 6 and being greedy. Also i'm done on the buying until a clear trend other than continual decline followed by brief rally here and there emerges, because if i'm sleeping during the rally again after i buy to make a quick flip and then i'm stuck holding..... lmao fuck
. I'll let the brave ones chase the ten, while I settle for the drunken 6 at the bar
It would have to drop at least below $400 for me to start panicking.
what's the difference between:
1100 and 600
1100 and 500
1100 and 400
?
"Left to right", 500 to 700 difference
1st line to 3rd line 200 difference
Is there anything else you would like to know?
It would have to drop at least below $400 for me to start panicking.
what's the difference between:
1100 and 600
1100 and 500
1100 and 400
?
It would have to drop at least below $400 for me to start panicking.
hahha thanks for the panics =) bought 60btcs of cheap coins =)!!! sell sell sell oh yea!!!
Will you still Love us in the morning?
Probably by sometime next week you will be ahead...
legendary
Activity: 2884
Merit: 1115
Leading Crypto Sports Betting & Casino Platform
I'll panic sell at 6$ a coin.
lol, I'll panic buy your coins at that price
And I'll panic-buy yours when you cut your losses at $0.80
And I'll just hang out on the successor coin
hahha thanks for the panics =) bought 60btcs of cheap coins =)!!! sell sell sell oh yea!!!
HELP IM PANICING OMG WTF DO I DO I JUST SPENT MY ENTIRE PARENTS LIFE SAVINGS ON BITCOINS AND I PROMISED 1000% RETURNS BY THE ND OF THE YEAR HOLY SHIT MY DAD IS GOING TO KICK MY ASS
MY INVESTORS WILL LITERALLY BURN ME AT THE STAKE FOR THIS PLEASE HELP GUYS
MY INVESTORS WILL LITERALLY BURN ME AT THE STAKE FOR THIS PLEASE HELP GUYS
Just hold and reek the profits in a couple years
we probably aren't gonna go down much more
HELP IM PANICING OMG WTF DO I DO I JUST SPENT MY ENTIRE PARENTS LIFE SAVINGS ON BITCOINS AND I PROMISED 1000% RETURNS BY THE ND OF THE YEAR HOLY SHIT MY DAD IS GOING TO KICK MY ASS
MY INVESTORS WILL LITERALLY BURN ME AT THE STAKE FOR THIS PLEASE HELP GUYS
LOL.... When did you buy in? MY INVESTORS WILL LITERALLY BURN ME AT THE STAKE FOR THIS PLEASE HELP GUYS
HELP IM PANICING OMG WTF DO I DO I JUST SPENT MY ENTIRE PARENTS LIFE SAVINGS ON BITCOINS AND I PROMISED 1000% RETURNS BY THE ND OF THE YEAR HOLY SHIT MY DAD IS GOING TO KICK MY ASS
MY INVESTORS WILL LITERALLY BURN ME AT THE STAKE FOR THIS PLEASE HELP GUYS
MY INVESTORS WILL LITERALLY BURN ME AT THE STAKE FOR THIS PLEASE HELP GUYS
legendary
Activity: 2884
Merit: 1115
Leading Crypto Sports Betting & Casino Platform
Well waiting for a certain price to buy in as it still lurks in its variation range
Don't panic?
Slow weekend, prices down, down, down...
Panic! now and buy back at lower prices?
Slow weekend, prices down, down, down...
Panic! now and buy back at lower prices?
Game Over Man!!!!! SELL SELL SELL!
While I keep buying...
While I keep buying...
No need to panic, bitcoin gradually drops in value, holds at a lower value, the drops again.
All you need to do is realize your constantly losing money by not selling your bitcoin or using your btc when you should of.
All you need to do is realize your constantly losing money by not selling your bitcoin or using your btc when you should of.
The alts/usd on btc-e are looking really cheap this week.
Why panic when you can lower your average cost?
Why panic when you can lower your average cost?
I tend to agree. However people saying "don't catch a falling knife" have a point.
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