Topic: Is it as bad as it seems to be? (Read 1545 times)

Most of people are getting panic as per condition of bitcoin, no need to worry. It is may be a schematic way of game in the market to just make people sell their bitcoins so that buying will be higher. Take a deep breath, it will not be going worse, as it is just a dump, a normal dump. Relax and keep patience.

In my opinion, I think cryptocurrency market is very volatile, this is how it goes, they will always be up and downs. I am not panicking because of the crash, I think we should consider it as the best time to buy more into theses coins, invest as much as you can so that you can benefit when they recover. I bought a few coins last week when their values were still high, but now they have crashed. But I am relaxed since I know that they will always recover, and some have already started recovering.

No I believe Bitcoin will prevail? Absolutely. It will also probably make a great long term investment, but in the short term the price may even drop further.

I don't think so that it is that bad dumps happens all the time,Bitcoin can't just keep rising up like anything.Dumps are expected as Bitcoin's market is volatile and unstable but due to panic many people just sell their bitcoins to avoid loss that is just foolish, a experienced user knows that this drops are temporary and bitcoins will rise so it's better to either hold or buy bitcoins at low value.

I do not actually care about it because I have witnessed the greatest crash after mtgox exchange crashed it turned the 1000usd price into 200usd so I guess this little step is nothing just some bad time just hold tight and wait till we get to that success road again. With bitcoin, we can always guaranty that we are going to have profit and its price is going to rise no matter what happens.

I say no, it's not that bad. I beleive from the begininig that this dump will be short term. People think they have lost the money or made the wrong investment but that is actualy not true unless you haven't sold now under influence of panic.
And it's already seems that the price has gone up a bit so it might happen that in the next period will fluctuate between 3000$ and 4000$.

It is bad if you do not have money to buy any bitcoin anymore. Otherwise it is still good because you can buy more bitcoins at a cheaper price. A dip is bound to happen because it was a very long bull run for quite some time now. This bear run will end and we will be back the trail to a new ATH soon.

when we buy a high price and it turns out in the fear when the selling price starts to fall then we will increasingly torture ourselves with loss, patience will be very important in this case, waiting for the increase and avoid losses. convince yourself of the decisions you make.

hey its technically not a loss yet if you haven't sold yet because if the price pumps after a few months, you'll get your roi or even profit from it unlike when you

already sold it, whether the price pumps or not it doesn't matter no changes will be made. when you're investing its just a matter of choosing and believing.

thats why i dont sell coins lower than its bought price

Bitcoin is obviously a white-knuckle ride, easy to say, harder to do in practice but panic will not do you any good - in fact it is probably the single worst reaction. Think carefully, decide what to do. Do not give in to panic.

Welcome to the crypto world buddy. This kind of stuff happens all the time in this volatile world and there is nothing much you or anyone else can do about it. Just HODL and save your coins because I am confident that you will observe profits in the future.

That's a really good and motivating answer. Well I guess I put my brick in a wall of fight with banksters. I just bought into bitcoin when it was on the fall. Waiting for the moon now, lets go!

for those who have been wandering in the world of crypto currency this may be considered normal. we must also be able to accept this kind of situation ... good luck

The fall is only 20%, but already panic. Any currency is unstable, so the reasons for the panic, I do not see. On the contrary, you need to buy more until such a price.

No it's going to be fine. To let them get into your head means the suits win, and frankly I think that sucks.
  The few leaders with the deepest pockets are succeeding at controlling the beautiful decentralized payment
system we love so much.  Perk up people, it is going to be FINE.
🌺

This is normal bro ithink. .even now adays bitcoin keep crashing and its totally down. But this scenario always happened we dont need to panic .and instead of worrying  buy more btc so that you can get lot profit if bitcoin rise again..and also this is my first experience here in cryptoworld that bitcoin down deeply.  I hope this is just a temporary

we might see a downturn for a while but I don't think it will effect the price as badly as people are expecting... Yes, alot of bitcoin is mined out of China - that's the one thing that scares people.

Chinese bitcoin exchange volume has been pretty miniscule since Jan 1st, 2016... the vast majority of the rise happened AFTER chinese exchanges were forced to stop no fee trading and alot of their fake volume antics stopped at this time as well.

The last rise had larger momentum than the last, this indicates to me that it isn't over yet despite all of the panic at the moment. The rise from $1000 to now was extremely fast and there wasn't a real correction until now.

The only "if" right now is what is going to happen to the miners, how will they sell their coins and will they still be able to remain as active in the mining community?

This is big, but it's not MT GOX losing 1 billion dollars big... it's not losing the largest exchange by volume big... and it's not "bitcoin is banned" from one of the largest bitcoin trading countries. For the last year, Huobi/OKCoin/BTCChina added together has only been around 20% of bitcoin's total trading volume. If it was 50%+ I'd be more scared. More volume is coming out of other countries now, countries that have decided to embrace bitcoin and don't have so many capital controls in place.

In reality this could be a good thing, it could be the end of an era where Chinese exerted major control against both the price & hash rate of bitcoin, though I highly doubt they will give up their mining dominance.

Bitfinex is the clear winner by volume for the last 6 months... I'd be more worried about them shutting down. They pretty much do enough volume to cover all 3 of the chinese exchanges combined.

https://data.bitcoinity.org/markets/volume/6m?c=e&t=b

TLDR: China didn't have much to do with the 1k-5k rise in the first place.

in my opinion is the speculation that moves the world and the market, so it is the ideal time to build a good strategy, and increase your investments!!!

It seemed predictable but I'm still surprised a little bit because the first news from China did absolutely nothing to the BTC  price but for the last time when everything is a bit more clear we had such a big dump. It looks like some big "whales" droped a lot of bitcoins. I still belive in BTC and looking forward for any news that will help to predict when the price will go up again. Don't see any reasons for panic selling like we had before SegWit.

It is not that bad. It is just normal if you ask some who have so much experience in cryptocurrencies, especially Bitcoin. If it drops for more than 30%, it is still normal. Elites are not afraid from such kind of drop, they even wait for it so that they can buy some more at a cheap price. Nothing is to be scared of, you have to get used to this type of happenings and trust to the power of HODLING.