I always feel relieved when you have a good fall....how about you?

Silberman

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Quote from: jubalix on September 04, 2017, 08:27:26 PM

It sort of gets rid of all the tension and makes it look more realistic, and wipes out a lot of the irrational actors...

I still don't know if the is a bump on the way to the ATH though.....

You got what you wanted but the price now is going up once again, I think we need to get used to this behavior of bitcoin, while I would like a slower growth based and the merits of bitcoin, bitcoin has proven once again that is not the way it will grow, people are going to get very optimistic about the price and then a few days later people will begin to wonder if bitcoin is going to survive, it is sad but that is the way things are.

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Quote from: BitFinnese on September 08, 2017, 06:09:45 PM

Quote from: jubalix on September 04, 2017, 08:27:26 PM

It sort of gets rid of all the tension and makes it look more realistic, and wipes out a lot of the irrational actors...

I still don't know if the is a bump on the way to the ATH though.....

I do not care if there is a fall or not, good or bad, as long as I can trade with profit I am fine whatever comes Grin

. After all isn't it profit that we traders are after?

Correction is always there whenever a sudden increase in price occurs, it is expected. Traders take advantage of this, and besides, demand keeps filing up after the dip during correction. This is a good sign, new hands entering during dip and these means more supporter.

Guys don't be afraid about the fall it is just only in the china exchange and i think it will be ok soon ..
And i think it will not fall more a lot because as soon the other exchange in other country are alive bitcoin will be still valuable and if you are living in china don't be worry your bitcoin will be still had a value because you can be still sell them in other country where bitcoin is not ban.
People are just panic selling because of the news without thinking that bitcoin will be still valuable. Its just an exchanges in china not in the whole world.
If you are living china and holding a lots of bitcoin you can be still exchange other exchange site and bitcoin is anonymous and they will never trace your money if you exchange it into other currency. .

BitFinnese

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Quote from: jubalix on September 04, 2017, 08:27:26 PM

It sort of gets rid of all the tension and makes it look more realistic, and wipes out a lot of the irrational actors...

I still don't know if the is a bump on the way to the ATH though.....

I do not care if there is a fall or not, good or bad, as long as I can trade with profit I am fine whatever comes Grin

. After all isn't it profit that we traders are after?

Correction is always there whenever a sudden increase in price occurs, it is expected. Traders take advantage of this, and besides, demand keeps filing up after the dip during correction. This is a good sign, new hands entering during dip and these means more supporter.

Silberman

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Quote from: TryNinja on September 04, 2017, 09:43:43 PM

It also makes me feel good. When the price is too high, I'm always tempted on selling my coins because of the fall that may come anytime, and it's normal for most people to think more about profit than the technology itself.

I know that it sounds weird, but when the price goes down, I'm glad that I still have my coins and there is no more reasons to sell them. Do you think that makes sense?

Yeah it makes sense, it means that you are no longer tempted to sell, temptation can be a horrible thing and only those that have strength of character are able to overcome it, that is why you feel relived since you no longer have to make the great effort of resisting the urge to sell your coins and have fun with your profits, many have fell prey of that feeling and now are paying the price.

Kingofbitcoin12345

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Quote from: jekjekman on September 07, 2017, 11:07:56 AM

Almost all of the bitcoin users that is old enough in using this currency knew about the fall down in price of bitcoin that it is normal after a huge pump in price with it.

But for those people who just started investing their fiat money in bitcoin is so scared that they will just sell it fast when the dip has come, sad for them though. I learned from my mistake and that is the best experience for me so far.

That's what I observe too from a friend of mine who is been trading and investing few years back,, he is even my alert on things like this.. That is why I posted about,, "lack of knowledge or inexperienced is one reason" that most new investors are panic when the price is decreasing for in fact there is no need to.. Bitcoin is been in that movement since it started.. I'm not as good as any body else cause I'm still a newbie in this kind of work but those who are good are the one that in trading since 2010 until now..

jekjekman

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Almost all of the bitcoin users that is old enough in using this currency knew about the fall down in price of bitcoin that it is normal after a huge pump in price with it.

But for those people who just started investing their fiat money in bitcoin is so scared that they will just sell it fast when the dip has come, sad for them though. I learned from my mistake and that is the best experience for me so far.

ankylotic

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Quote from: Kingofbitcoin12345 on September 07, 2017, 03:10:54 AM

Quote from: TryNinja on September 04, 2017, 09:43:43 PM

It also makes me feel good. When the price is too high, I'm always tempted on selling my coins because of the fall that may come anytime, and it's normal for most people to think more about profit than the technology itself.

I know that it sounds weird, but when the price goes down, I'm glad that I still have my coins and there is no more reasons to sell them. Do you think that makes sense?

It doesn't sounds weird at all,, it is how investments and trading works.. We just have to think that we are lucky enough on the unstable price of we tend to think about chances on next ups and downs.. It make sense that you'll be happy having your in hold than sold on cheap or decreased price.. It is how human think and how we find ways to complement ourselves on deciding the right thing..

i don't think it is comfortable for any of the trader who has a huge number of investment in the altcoins and cryptocurrency.
those who have invested in neo when the price was on its peak and willing for the price to touch $100. ofcourse they will not be happy and i think those who put all their eggs in that basket at time are not happy at all.

Casabrandy

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Quote from: Kingofbitcoin12345 on September 07, 2017, 03:10:54 AM

Quote from: TryNinja on September 04, 2017, 09:43:43 PM

It also makes me feel good. When the price is too high, I'm always tempted on selling my coins because of the fall that may come anytime, and it's normal for most people to think more about profit than the technology itself.

I know that it sounds weird, but when the price goes down, I'm glad that I still have my coins and there is no more reasons to sell them. Do you think that makes sense?

It doesn't sounds weird at all,, it is how investments and trading works.. We just have to think that we are lucky enough on the unstable price of bitcoin we tend to think about chances on next ups and downs.. It make sense that you'll be happy having your bitcoin in hold than sold on cheap or decreased price.. It is how human think and how we find ways to complement ourselves on deciding the right thing..

Bitcoin recovering way too fast now. It falls then after a while it will just suddenly pump. The fall before took time before it recovers but now especially after the split btc performance were indeed excellent and we can see that it is more convenient to invest on it.

Kingofbitcoin12345

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Quote from: TryNinja on September 04, 2017, 09:43:43 PM

It also makes me feel good. When the price is too high, I'm always tempted on selling my coins because of the fall that may come anytime, and it's normal for most people to think more about profit than the technology itself.

I know that it sounds weird, but when the price goes down, I'm glad that I still have my coins and there is no more reasons to sell them. Do you think that makes sense?

It doesn't sounds weird at all,, it is how investments and trading works.. We just have to think that we are lucky enough on the unstable price of bitcoin we tend to think about chances on next ups and downs.. It make sense that you'll be happy having your bitcoin in hold than sold on cheap or decreased price.. It is how human think and how we find ways to complement ourselves on deciding the right thing..

Kyraishi

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Quote from: jubalix on September 04, 2017, 08:27:26 PM

It sort of gets rid of all the tension and makes it look more realistic, and wipes out a lot of the irrational actors...

I still don't know if the is a bump on the way to the ATH though.....

Same here, i feel the same way. It gives people a bit of rationality when there are crazy pumps going on every single day, in my opinion. Sometimes it is easy to forget that bitcoin is extremely volatile, and not only in the upwards direction.

Since we have recovered so quickly i would expect the trend to continue well until the end of this month.

Will it be another all time high with this pump? I think there is a high chance that there will be. The bubble is probably not going to end this month yet. We could potentially see $5500+ or even $6000+ as an all time high.

audaciousbeing

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Quote from: jubalix on September 04, 2017, 08:27:26 PM

It sort of gets rid of all the tension and makes it look more realistic, and wipes out a lot of the irrational actors...

I still don't know if the is a bump on the way to the ATH though.....

Even me myself when the price increases without any fall, I tend to have some feelings at the back of my mind that the promoters of bitcoin being a bubble might have a point but I just wave it off with reasons and even several confidence of other contributors but when we see a setback like that of recently, I just feel they are wrong and a shame to all rumours mongers.

darkangel11

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When I was trading I actually liked the falls because it's less boring. That is of course if you don't miss it Wink

Now I'm holding and prefer the price to go up without any corrections (yes it's my greed speaking), though I know a correction is a healthy thing. It's much better for the price of it corrects once every 2 weeks than when it keeps going up like crazy for a year and then goes back so much that people start overselling and we have 2015 all over again.

btcney

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Quote from: jubalix on September 04, 2017, 08:27:26 PM

It sort of gets rid of all the tension and makes it look more realistic, and wipes out a lot of the irrational actors...

I still don't know if the is a bump on the way to the ATH though.....

Not relieved per se, because there is always a possibility that the dump will just not recover at all. We were pretty lucky that this dump recovered fast, and pretty much investors didn't lose money at all or even gained some if they didn't panic sell.

But yeah, it essentially "cleans out" the irrational actors as you said. Gives people a heads up that bitcoin cannot go up forever and warns them to be more careful when buying.

I really think that we will be able to break $5000 this or next month, however how long we can stay above $5000 i have no idea and nobody can predict.

magneto

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Quote from: jubalix on September 04, 2017, 08:27:26 PM

It sort of gets rid of all the tension and makes it look more realistic, and wipes out a lot of the irrational actors...

I still don't know if the is a bump on the way to the ATH though.....

I think so. I would really rather have bitcoin drop but have the price level at a more sustainable level, than at a level that i know could tumble at any time because it is most likely a bubble. And this drop sort of did exactly that.

However now that it is making the recovery we may be re-entering the bubble. So still be cautious while investing.

The bullishness seems pretty strong so it would make sense for someone to predict that the ATH is going to be broken once again. I would say that the hype for bitcoin as well as the momentum is strong enough that we will get a second chance at breaking $5000.

iamTom123

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Quote from: TryNinja on September 04, 2017, 09:43:43 PM

It also makes me feel good. When the price is too high, I'm always tempted on selling my coins because of the fall that may come anytime, and it's normal for most people to think more about profit than the technology itself. I know that it sounds weird, but when the price goes down, I'm glad that I still have my coins and there is no more reasons to sell them. Do you think that makes sense?

It does makes good sense actually in light of how Bitcoin is behaving historically. Bitcoin has had so many dips and ups and I think that only newbies would be crying a river whenever there would be some corrections happening. The recent news in China was a big factor why Bitcoin got into a big correction days ago but look at it now...Bitcoin is back on the action and is rising again just proving that it is really resilient and it was just implementing the necessary dips so that a big bubble can be avoided.

Newbies can panic anytime they hear that the value is making some retreats and then they convert their Bitcoin either into cash or other coins...only to find out later that it is now back to the same level where the holder left off. I once experienced that feeling and I have already learned my big lessons well.

I will "hodl" mine and I am happy with it.

talkbitcoin

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Quote from: jubalix on September 05, 2017, 07:56:20 PM

feels dead cat bouncy.....i think another few days of 5~15% off would make it better in the long run.

"dead cat bounce" is when something is dead and falling but on the way down it comes back up. do you think bitcoin is dead and will continue to fall down? because that is what a dead cat bounce really means!

for now bitcoin may fluctuate a little but it won't be a 15% drop that would suggest price can fall down to $3825 from $4500 which is impossible. the lowest it may get is somewhere around $4250

bamboylee

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Of course because it opens up opportunity to buy more bitcoin and other cryptocurrencies. As long as it is not a crash, a dip every now and then is a healthy opportunity to the market.

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Quote from: Denker on September 06, 2017, 02:31:25 AM

Quote from: pooya87 on September 04, 2017, 10:00:58 PM

no i become the most nervous i have ever been because i need to rush to transfer as much money as i can afford to my exchange accounts in order to buy more bitcoins before it is too late.

and the bottoms usually happen in a blinking of an eye.

i agree though, it is a good relieve of tension and hopefully puts an end to all the bubble talk.

Well if you would always have a little bit of cash on an exchange of your choice, you wouldn't be in that situation. Just a few hundred bucks. When BTC dips, you buy and done. You may not have bought for several thousands this way, but at least you bought some. And then you can still transfer some bigger amounts to an exchange and buy if you think the price is worth it. It also lowers your average buying price this way.

It's always good to have a back-up we shoyld not fully rely that btc will be at top always, it will fall but surely we rise. So we should be prepared when falls happen so we don't need to panic

Denker

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Quote from: pooya87 on September 04, 2017, 10:00:58 PM

no i become the most nervous i have ever been because i need to rush to transfer as much money as i can afford to my exchange accounts in order to buy more bitcoins before it is too late.

and the bottoms usually happen in a blinking of an eye.

i agree though, it is a good relieve of tension and hopefully puts an end to all the bubble talk.

Well if you would always have a little bit of cash on an exchange of your choice, you wouldn't be in that situation. Just a few hundred bucks. When BTC dips, you buy and done. You may not have bought for several thousands this way, but at least you bought some. And then you can still transfer some bigger amounts to an exchange and buy if you think the price is worth it. It also lowers your average buying price this way.

HeRetiK

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Quote from: alyssa85 on September 05, 2017, 11:21:15 PM

Quote from: jubalix on September 04, 2017, 08:27:26 PM

It sort of gets rid of all the tension and makes it look more realistic, and wipes out a lot of the irrational actors...

I still don't know if the is a bump on the way to the ATH though.....

Well they do say that Markets "climb a wall of worry".

The bitcoin price rose too fast - from $300 to $4900 in just a month. So if it consolidates for a while at the current price, it will allow it to form a new base price on which to build further rises later in the year.

Definitely.

The current price levels still need to sink in as the "new normal". Knowing Bitcoin though, it won't be long until it tries to make another break for USD 5k,-. Question being, where we'll go from there. Breaking through too soon could lead to an unhealthy mania. Failing to break USD 5k,- could turn the sentiment bearish and lead to a reversal.

Topic: I always feel relieved when you have a good fall....how about you? (Read 1124 times)