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 $400 for me to start panicking.
hahha thanks for the panics =) bought 60btcs of cheap coins =)!!! sell sell sell oh yea!!!
Will you still Love us in the morning?
Probably by sometime next week you will be ahead...
legendary
Activity: 2996
Merit: 1136
Leading Crypto Sports Betting & Casino Platform
I'll panic sell at 6$ 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: 2996
Merit: 1136
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.
I prefer my strategy of using TA to place buys. I might not get the exact bottoms but I won't end up going down with a sinking ship one day either.
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'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 $0.80
I'll panic sell at 6$ a coin.
lol, I'll panic buy your coins at that price
It's a good time to invest more money to btc, probably many people selling now because just afraid of something.
price fall because of fake china ban btc news
http://www.businessweek.com/articles/2014-03-20/btc-chinas-bobby-lee-bitcoin-isnt-really-banned-in-china-and-its-quickly-gaining-ground
READ!!!
http://www.reddit.com/r/Bitcoin/comments/20znt2/the_news_about_china_banning_bitcoin_is_false/
wake up guys!!
http://www.businessweek.com/articles/2014-03-20/btc-chinas-bobby-lee-bitcoin-isnt-really-banned-in-china-and-its-quickly-gaining-ground
READ!!!
http://www.reddit.com/r/Bitcoin/comments/20znt2/the_news_about_china_banning_bitcoin_is_false/
wake up guys!!
Currently price is dropping because gox coins being dumped on the market.
No proof, just my opinion based on the price action.
No proof, just my opinion based on the price action.
Haha, maybe - but Karp has suddenly 'found' 200k coins he didn't know were there before.
Panic the supply isn't as limited as people thought? Gox loses coins, price goes down. Gox finds coins, price goes... down.
Who's to say he is not going to find another 200K tomorrow? There were no hints of stability in BTC world, and news such as these are not helping at all.
When you look on bitcoin history we already has situations like that. People who invested then probably right now get some tan on tropical island.
We haven't seen any crashes like last April's crash. Now that was panic. This price movement is still boring...
Just sit it out guys, we have seem much larger drops recently and the price always bounced back
Currently price is dropping because gox coins being dumped on the market.
No proof, just my opinion based on the price action.
No proof, just my opinion based on the price action.
Haha, maybe - but Karp has suddenly 'found' 200k coins he didn't know were there before.
Panic the supply isn't as limited as people thought? Gox loses coins, price goes down. Gox finds coins, price goes... down.
Good time to buy low btw.
Oh well, it will go up again
Oh well, it will go up again
legendary
Activity: 2996
Merit: 1136
Leading Crypto Sports Betting & Casino Platform
That Zombie Chase Image
That Zombie pic totally impressed me also Damn
No panic here, BTC is on sale this week.
Was it on sale at $800? $700? $400?
For long-term traders, maybe/somewhat.
For traders who enjoy a 10 to 20% profit ASAP = YES!
No panic here, BTC is on sale this week.
Was it on sale at $800? $700? $400?
No panic here, BTC is on sale this week.
Was it on sale at $800? $700? $400?
No panic here, BTC is on sale this week.
I am sure if you wait about 24 more hours you will get some large dumps. $500 soon!
yeah I second that, the liquidity has been significantly low for a couple of weeks now. I dare say if the lack of demand is genuine, and even the larger investors have walked away, we are heading to new lows (only briefly)
Currently price is dropping because gox coins being dumped on the market.
No proof, just my opinion based on the price action.
Not enough volume.No proof, just my opinion based on the price action.
Sure it is, nothing says all the coins have to get dumped in one fell swoop and certainly not by a single entity. Perhaps this is simply a prelude ..
Currently price is dropping because gox coins being dumped on the market.
No proof, just my opinion based on the price action.
Not enough volume.No proof, just my opinion based on the price action.
Sure it is, nothing says all the coins have to get dumped in one fell swoop and certainly not by a single entity. Perhaps this is simply a prelude ..
Currently price is dropping because gox coins being dumped on the market.
No proof, just my opinion based on the price action.
Not enough volume. No proof, just my opinion based on the price action.
legendary
Activity: 1302
Merit: 1008
Core dev leaves me neg feedback #abuse #political
This was a crash ?
Hardly saw any movement in the price
Hardly saw any movement in the price
its been creeping down steadily from $640.... not much swings, just down down down...
which leads me to believe there's a large seller
All it would take is for your suppliers to accept bitcoin as payment. It could be as little as a year off before that starts happening on a scale large enough to be noticed, and eventually we will have a functioning bitcoin economy without any need to involve fiat.
With all due respect, you must be fucking high. It will take decades for something like this to happen.
He personally holds Bitcoin. Overstock itself does not hold Bitcoin reserves. It would be irresponsible to do so when vendors, employees, contractors, lenders, etc. expect prompt payment in fiat.
You're missing the point. I'm not debating the merits of Bitcoin. Full vertical integration in run-of-the-mill businesses isn't "as little as a year off", not even close. A few decades? Sure, that's possible. Between now and then, Bitcoin is an alternative to credit cards and bank accounts.
All it would take is for your suppliers to accept bitcoin as payment. It could be as little as a year off before that starts happening on a scale large enough to be noticed, and eventually we will have a functioning bitcoin economy without any need to involve fiat.
With all due respect, you must be fucking high. It will take decades for something like this to happen.
He personally holds Bitcoin. Overstock itself does not hold Bitcoin reserves. It would be irresponsible to do so when vendors, employees, contractors, lenders, etc. expect prompt payment in fiat.
You're missing the point. I'm not debating the merits of Bitcoin. Full vertical integration in run-of-the-mill businesses isn't "as little as a year off", not even close. A few decades? Sure, that's possible. Between now and then, Bitcoin is an alternative to credit cards and bank accounts.
All it would take is for your suppliers to accept bitcoin as payment. It could be as little as a year off before that starts happening on a scale large enough to be noticed, and eventually we will have a functioning bitcoin economy without any need to involve fiat.
With all due respect, you must be fucking high. It will take decades for something like this to happen.
He personally holds Bitcoin. Overstock itself does not hold Bitcoin reserves. It would be irresponsible to do so when vendors, employees, contractors, lenders, etc. expect prompt payment in fiat.
All it would take is for your suppliers to accept bitcoin as payment. It could be as little as a year off before that starts happening on a scale large enough to be noticed, and eventually we will have a functioning bitcoin economy without any need to involve fiat.
With all due respect, you must be fucking high. It will take decades for something like this to happen.
He personally holds Bitcoin. Overstock itself does not hold Bitcoin reserves. It would be irresponsible to do so when vendors, employees, contractors, lenders, etc. expect prompt payment in fiat.
All it would take is for your suppliers to accept bitcoin as payment. It could be as little as a year off before that starts happening on a scale large enough to be noticed, and eventually we will have a functioning bitcoin economy without any need to involve fiat.
With all due respect, you must be fucking high. It will take decades for something like this to happen.
All it would take is for your suppliers to accept bitcoin as payment. It could be as little as a year off before that starts happening on a scale large enough to be noticed, and eventually we will have a functioning bitcoin economy without any need to involve fiat.
With all due respect, you must be fucking high. It will take decades for something like this to happen.
Don't worry, whatever is going on is mostly harmless.
I don't get the dumping idea. If I had thousands of coins I would wait for businesses to open that don't convert them to fiat. It's sure to happen within a few years.
I don't get the dumping idea. If I had thousands of coins I would wait for businesses to open that don't convert them to fiat. It's sure to happen within a few years.
First, trading makes sense if you want to increase your holdings.
Second, it will be a very long time before anything beyond a small business holds onto their Bitcoins. If you have ever run a business, you'd understand why very quickly.
panic n sell
legendary
Activity: 2996
Merit: 1136
Leading Crypto Sports Betting & Casino Platform
This was a crash ?
Hardly saw any movement in the price
Hardly saw any movement in the price
I don't see panic. Yet.
Don't worry, whatever is going on is mostly harmless.
I don't get the dumping idea. If I had thousands of coins I would wait for businesses to open that don't convert them to fiat. It's sure to happen within a few years.
I don't get the dumping idea. If I had thousands of coins I would wait for businesses to open that don't convert them to fiat. It's sure to happen within a few years.
First, trading makes sense if you want to increase your holdings.
Second, it will be a very long time before anything beyond a small business holds onto their Bitcoins. If you have ever run a business, you'd understand why very quickly.
Don't worry, whatever is going on is mostly harmless.
I don't get the dumping idea. If I had thousands of coins I would wait for businesses to open that don't convert them to fiat. It's sure to happen within a few years.
I don't get the dumping idea. If I had thousands of coins I would wait for businesses to open that don't convert them to fiat. It's sure to happen within a few years.
Currently price is dropping because gox coins being dumped on the market.
No proof, just my opinion based on the price action.
No proof, just my opinion based on the price action.
This is actually a great reason to panic. If you truly believe that these are gox coins being dumped, there are many more on the way, and most of them will get sold right off the bat.
Quote: If you're gonna panic, panic early ....
OP is probably panicing early
OP is probably panicing early
It's scary how relatively few coins can still move the price significantly.
It's still a very low volume/illiquid market in comparison to other investments.
It's scary how relatively few coins can still move the price significantly.
I'll panic sell at 6$ a coin.
Newbies had read about litecoin "skyrocketing" and selling their bitcoins (which they've purchased at $800) to buy litecoins at a new price.
"Very wise sir, very wise" (Mr. Delbert Grady, The Shining)
My 2 cents
"Very wise sir, very wise" (Mr. Delbert Grady, The Shining)
My 2 cents
Why not panic? Something wrong with Bitcoin to panic about? +-70000 transactions today last time I checked.
Or did you mean to post this in the Speculation sub-forum???
Where exactly are they being dumped? There is a blockchain, you can see if they are moving bro.
Currently price is dropping because gox coins being dumped on the market.
No proof, just my opinion based on the price action.
No proof, just my opinion based on the price action.
People always start panicking when they hear "Don't panic"...
Currently price is dropping because gox coins being dumped on the market.
No proof, just my opinion based on the price action.
No proof, just my opinion based on the price action.
People always start panicking when they hear "Don't panic"...
This is buy time
Currently price is dropping because gox coins being dumped on the market.
No proof, just my opinion based on the price action.
No proof, just my opinion based on the price action.
People always start panicking when they hear "Don't panic"...
Currently price is dropping because gox coins being dumped on the market.
No proof, just my opinion based on the price action.
No proof, just my opinion based on the price action.
People are also moving money around. I notice some of the altcoins like Goldcoin (GLD) are actually up on the day.
No ones panicing, just you
legendary
Activity: 1302
Merit: 1008
Core dev leaves me neg feedback #abuse #political
Currently price is dropping because gox coins being dumped on the market.
No proof, just my opinion based on the price action.
No proof, just my opinion based on the price action.
Jump to: