I always feel relieved when you have a good fall....how about you? - page 2.

alyssa85

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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.....

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.

jubalix

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

Siren

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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.....

Totally agreed. Weak hands have been shaken and strong hands prevail. It's also a perfect time for new faces that would like to get their hands on those precious bitcoin. That's why it's called a healthy price correction. Actually sooner or later we will see this kind of correction, however the Chinese announcement has really accelerated the situation.

But what do you know? Bitcoin is currently rallying again at $4500 so this bump has already been pass and I think this is a sign that we are going to go for $5000 or more in the coming months.

Vaskiy

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Majority of the bitcoin users have such a relaxation, because after every price dumping there will be a price pumping with which the users try to make the profit out of the same. Everytime reaching an new ATH makes the users happy, but an internal panic always prevails. On the whole bitcoin is all about risk involved.

Youghoor

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Quote from: timerland on September 05, 2017, 04:58:49 AM

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 said.

I think that this dump actually saved bitcoin from a much more devastating correction that was coming as the end of the bubble. I think that this dump reminded people a bit that bitcoin is not going to go up forever, it is simply not sustainable.

We've seen a floor at $4000, and a quick recovery as soon as the floor was breached.

For me i think we are going to see btc float around $3800-4200 level for the next few days.

I think the same as you, but it $3800-$4200 i dont see it possible. It is almost at 4.5k right now, i think it will go up towards 4.7k and stay there for some time.
It is good when the price goes up, but it need to be stable at some point, people still need time to collect some money and be able to buy, i think it is good to give a chance to those people who still have not buyed any coin.

MissionPhailed

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It depends on the movement of prices before the drop for me personally; a (too) rapid surge in value makes me kinda wary as this leads to a significant correction in most cases. I've gotten a bit suspicious in these cases as I've bought crypto during sharp rises (FOMO) several times and subsequently got burned.

Yes, I see the correction we've experienced in the last few days as a positive development.

soothaa

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Totally agree. Shakeouts are good. Temporary panic selling from those who are weak handed or do not understand what is going on, but for those of us with longer term goals and have a bigger picture in mind, it is great.

It resets strengths, lowers the price for lower entries, it is kind of like a nice rain storm, flushes away and almost starts fresh! So here is to a few days of screwing around finding support until we have a go at $5,000 again!

timerland

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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.....

Well said.

I think that this dump actually saved bitcoin from a much more devastating correction that was coming as the end of the bubble. I think that this dump reminded people a bit that bitcoin is not going to go up forever, it is simply not sustainable.

We've seen a floor at $4000, and a quick recovery as soon as the floor was breached.

For me i think we are going to see btc float around $3800-4200 level for the next few days.

DaMut

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Yeah we should feel that way,
because if we're going straight to the moon without pull back i am afraid we will see another crash.
it's an economy cycle,they will press the price to get more and they will pump to get profit.
if we're going straight to the point that we're hyping,i am afraid the bubble will explode and it's very hard to recover.
i believe if something like that happen a lot of people will lose their money so badly and noone want to trade it anymore.
it's just matter of time when we will see another pump again which is will lead us to another ATH (I hope so)

JanpriX

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Buy The F*cking Dip

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 almost feel the same way when this type of fall happens. It just provide me a realization that I can still buy BTC at lower prices and then will just have to wait for it to come back up to sell at a profit. Just always to take in mind to take profit when you think the price is too high. Bitcoin's price history tells us a story that when it hit ATH (or almost hit it), selloff will follow. Always.

pooya87

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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.

Bitcoinaire

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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 also agree that a nice, deep pullback is healthy for a strong bull market. Time will tell if this is a bump on the way to an ATH, but I think with all crypto hedge funds getting into the scene, along with general investor appetite, we'll be at an ATH before the year ends.

TryNinja

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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?

jubalix

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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.....

Topic: I always feel relieved when you have a good fall....how about you? - page 2. (Read 1124 times)