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Topic: I'm dumping my bitcoins so you should - page 4. (Read 35673 times)

hero member
Activity: 700
Merit: 500
Massive price drop coming...
November 05, 2016, 09:27:42 AM
The last couple days has made me uncertain.
Price was going up with the announcement of Segwit and the possibility of a service like Mega attracting new users.
$750-800 seemed really easy to reach.

Then some news story about China possibly looking to regulate Bitcoin comes out and the price drops immediately...
(a news story with no source by the way)

I still think Bitcoin is a good long term investment, but the market is way more fragile right now than I was giving it credit for.


Assumption were  wrong  and speculation  of reaching  $800-1k have failed for this  year. Bitcoins price  is decreasing again  as  of now and it continues  to drop again.
When  bitcoin price increase rally rose  up to $750+ , traders  and some  users  do surely sell off their  coins  that really affects the price.
Its just a nature of bitcoin and many holders are satisfied what the price or value of bitcoin. now the price is 699 according to preev price and i think the price will go high again just like last year price before november the price is increase and down in few days and increase again back end of november the price is going to crash again but before christmass the price is increase again so i think still increase more and hit 800 value..
hero member
Activity: 1456
Merit: 579
HODLing is an art, not just a word...
November 05, 2016, 09:27:30 AM
a big thanks to whoever bumped this topic to top, because it is a clear example of how many of the topics on this board are full of FUD, wrong information and simply put rubbish.

the TL;DR part which OP is talking about was the biggest mistake that anyone could have ever made with bitcoin and since then bitcoin price has gone up from 460 (creation of topic and OP calling for sell) to $780 once and now today it is on $700 again.
legendary
Activity: 1386
Merit: 1020
DGbet.fun - Crypto Sportsbook
November 05, 2016, 09:06:58 AM
The last couple days has made me uncertain.
Price was going up with the announcement of Segwit and the possibility of a service like Mega attracting new users.
$750-800 seemed really easy to reach.

Then some news story about China possibly looking to regulate Bitcoin comes out and the price drops immediately...
(a news story with no source by the way)

I still think Bitcoin is a good long term investment, but the market is way more fragile right now than I was giving it credit for.


Assumption were  wrong  and speculation  of reaching  $800-1k have failed for this  year. Bitcoins price  is decreasing again  as  of now and it continues  to drop again.
When  bitcoin price increase rally rose  up to $750+ , traders  and some  users  do surely sell off their  coins  that really affects the price.
STT
legendary
Activity: 4102
Merit: 1454
November 05, 2016, 08:58:44 AM
China will regulate bitcoin because they have a fixed exchange rate and countries that do so will restrict capital flow outside government money.    Its only partially a capitalist country not really close to a full one, however the same can be said of most west countries which fix interest rates and do QE

Longer term bitcoin should also be useful in China, the government cannot determine the free nature of economy and that is a communist fallacy
sr. member
Activity: 434
Merit: 250
November 05, 2016, 08:22:46 AM
The last couple days has made me uncertain.
Price was going up with the announcement of Segwit and the possibility of a service like Mega attracting new users.
$750-800 seemed really easy to reach.

Then some news story about China possibly looking to regulate Bitcoin comes out and the price drops immediately...
(a news story with no source by the way)

I still think Bitcoin is a good long term investment, but the market is way more fragile right now than I was giving it credit for.
hero member
Activity: 658
Merit: 505
November 05, 2016, 07:39:30 AM
Keep your eyes on the market each day and react when the conditions would be the best. It's hard to tell how the price will be in the next week or two but probably there will be some pums and dumps as always. They shouldn't be very high so the price will keep moving between 600 and 700.
sr. member
Activity: 350
Merit: 250
November 04, 2016, 06:54:43 PM
Good time to sell again before the drop... always go against the kiddies who are the dumb money which is buying
Definitely a good move, just buy it back once the price starts to rise again. I think we are in the downfall again and if this will continue price may be back to $500 God forbid because I like to see bitcoin succeed and I even dream to see it until $1,000 before the end of the year.

I don't think it will fall to 500$. This fall could be just temporary and maybe the price will be corrected to 600-650$ again. So far there are no signs that price will continue to drop for a longer period so there is no room for dark thoughts.
Don't sell, keep your coins longterm.
Markets usually go where noone expects them to go

I agree even with all the data and charts and statitics in your hand, they will never tell us the next price of bitcoin, all people do is to read and and boast their prediction about the coming day.  But it is not reliable, the reason is that we cannot tell what will happen tomorrow.  And the stats we are holding are just the previous happening.  It does make sense a bit if we study the volume of both recent sell wall and buy wall but still, that does not guarantee something because in just a matter of time, those walls maybe removed.

No one can predict what will be the price of bitcoin in coming days, either it can go higher or lower so you need to be very active in taking actions as you cannot afford to miss the right time to buy or sell and to be honest I don't think this is the right time to dump the coins as price is expected to rise in coming months.
legendary
Activity: 2982
Merit: 1153
November 04, 2016, 05:41:46 PM
Good time to sell again before the drop... always go against the kiddies who are the dumb money which is buying
Definitely a good move, just buy it back once the price starts to rise again. I think we are in the downfall again and if this will continue price may be back to $500 God forbid because I like to see bitcoin succeed and I even dream to see it until $1,000 before the end of the year.

I don't think it will fall to 500$. This fall could be just temporary and maybe the price will be corrected to 600-650$ again. So far there are no signs that price will continue to drop for a longer period so there is no room for dark thoughts.
Don't sell, keep your coins longterm.
Markets usually go where noone expects them to go

I agree even with all the data and charts and statitics in your hand, they will never tell us the next price of bitcoin, all people do is to read and and boast their prediction about the coming day.  But it is not reliable, the reason is that we cannot tell what will happen tomorrow.  And the stats we are holding are just the previous happening.  It does make sense a bit if we study the volume of both recent sell wall and buy wall but still, that does not guarantee something because in just a matter of time, those walls maybe removed.
newbie
Activity: 34
Merit: 0
November 04, 2016, 03:00:26 PM
Good time to sell again before the drop... always go against the kiddies who are the dumb money which is buying

I will not drop it right now, I think waiting on the end of this year is better most likely its gonna rise to a higher amount soon or later.
I think that the bitcoin has a good future and that it will go to a higher amount.
legendary
Activity: 2044
Merit: 1005
November 04, 2016, 02:47:27 PM
I warned you all

You sold your coins for $400 last December. Lips sealed
I bought some back at $600 sold again at $700-750 during the summer pump session. I was thinking about buying back again but I heavily invested in ICOs so I fortunately couldn't do it.

Well that's unfortunate for you, because the bitcoin price is increasing. You'll probably regret your latest investments soon.

You make your story sound like you did great, while in reality you did terrible. But that's none of my business.
No he didnt he made money most likely with the way btc kiddies throw money into icos
hero member
Activity: 658
Merit: 503
Bear with me
November 04, 2016, 02:39:19 PM
I warned you all

You sold your coins for $400 last December. Lips sealed
I bought some back at $600 sold again at $700-750 during the summer pump session. I was thinking about buying back again but I heavily invested in ICOs so I fortunately couldn't do it.

Well that's unfortunate for you, because the bitcoin price is increasing. You'll probably regret your latest investments soon.

You make your story sound like you did great, while in reality you did terrible. But that's none of my business.
legendary
Activity: 2044
Merit: 1005
November 04, 2016, 01:39:33 PM
Good time to sell again before the drop... always go against the kiddies who are the dumb money which is buying
Definitely a good move, just buy it back once the price starts to rise again. I think we are in the downfall again and if this will continue price may be back to $500 God forbid because I like to see bitcoin succeed and I even dream to see it until $1,000 before the end of the year.

I don't think it will fall to 500$. This fall could be just temporary and maybe the price will be corrected to 600-650$ again. So far there are no signs that price will continue to drop for a longer period so there is no room for dark thoughts.
Don't sell, keep your coins longterm.
Markets usually go where noone expects them to go
legendary
Activity: 2912
Merit: 1068
WOLF.BET - Provably Fair Crypto Casino
November 04, 2016, 01:22:03 PM
Good time to sell again before the drop... always go against the kiddies who are the dumb money which is buying
Definitely a good move, just buy it back once the price starts to rise again. I think we are in the downfall again and if this will continue price may be back to $500 God forbid because I like to see bitcoin succeed and I even dream to see it until $1,000 before the end of the year.

I don't think it will fall to 500$. This fall could be just temporary and maybe the price will be corrected to 600-650$ again. So far there are no signs that price will continue to drop for a longer period so there is no room for dark thoughts.
Don't sell, keep your coins longterm.
sr. member
Activity: 462
Merit: 250
November 04, 2016, 09:33:39 AM
Good time to sell again before the drop... always go against the kiddies who are the dumb money which is buying


It may be right but holding the bitcoins for long term will help you earn more profit in future. If you need short term profit in tje sense you sell it out before the New year. Its all upto your desired wish.
legendary
Activity: 2044
Merit: 1005
November 04, 2016, 08:43:47 AM
Good time to sell again before the drop... always go against the kiddies who are the dumb money which is buying
Definitely a good move, just buy it back once the price starts to rise again. I think we are in the downfall again and if this will continue price may be back to $500 God forbid because I like to see bitcoin succeed and I even dream to see it until $1,000 before the end of the year.
I got sub 400 as the target
legendary
Activity: 3108
Merit: 1290
Leading Crypto Sports Betting & Casino Platform
November 04, 2016, 03:05:33 AM
Good time to sell again before the drop... always go against the kiddies who are the dumb money which is buying
Definitely a good move, just buy it back once the price starts to rise again. I think we are in the downfall again and if this will continue price may be back to $500 God forbid because I like to see bitcoin succeed and I even dream to see it until $1,000 before the end of the year.
legendary
Activity: 2044
Merit: 1005
November 04, 2016, 01:32:08 AM
Good time to sell again before the drop... always go against the kiddies who are the dumb money which is buying
hero member
Activity: 2870
Merit: 574
Vave.com - Crypto Casino
November 03, 2016, 10:29:42 PM
is there another big rise on the way?

because whenever i see these negative topics being bumped and also the known FUDsters start new topics like today, there is always a big rise happening shortly after because they have been trying to fill their pocket with more BTC.
You have got the point.Those who have inside news trying to create panic to get people sell their coins.
I suggest we should hold for 3-4 months

I think it is the good time to buy some bitcoins now. If those guys want us to sell, we should buy instead.

if you are sure that this is the good time to buy, then get hurry to buy before its too late. and yes for today, the rate is going down than before and i am not sure if the price will going up for sometime. but in case, if we want to buy, at least make a little test to make sure that the price is just down for temporary and will be up in tomorrow.
hero member
Activity: 910
Merit: 1000
Decentralized Jihad
November 03, 2016, 09:31:46 PM
I warned you all

You sold your coins for $400 last December. Lips sealed
I bought some back at $600 sold again at $700-750 during the summer pump session. I was thinking about buying back again but I heavily invested in ICOs so I fortunately couldn't do it.
legendary
Activity: 2982
Merit: 1153
November 03, 2016, 09:03:01 PM

Well it seems that it is a very quite bad news and for sure a lot of Chinese miners are going to be affected by it.

But I don't think those people that will be affected with this control are going to stop easily with their limited transactions.

For sure, this is going to affect somehow with the bitcoin price, but hopefully not that too high.

I think chinese government already took a profit on the uptrend of bitcoin, so they want to buy back what they have sold and they thing it must be in a cheaper price.  So they again thinking of something to implement to affect bitcoin price to dip down and the new tactic is announcing that they are considering or planning to impose Curbs or Capital control on bitcoin.  So more probably it is just a propaganda to get cheaper bitcoin before they pump it again to its new ATH.
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