Topic: Is it as bad as it seems to be? - page 2. (Read 1616 times)
Depending on what you have invested and what your strategy is depends on your outlook. If you bought in when it was close to 5k and was hoping to sell on the up then its pretty terrible. If you've invested as you believe in months/years to come it will be above 5k then it isnt that bad. The question depends on you personally
Hey! I know the dip have to happend after such "to the moon race". But itsn't it too bad? I mean we are looking at 20% losses last 7 (seven!!!!!) days. What do you guys think about it? I don't want to panic yet, but it scares me.
Just don't panic and trust in your feeling, we do have the same feeling that the price now is still enormous so you don't have to worry. I have set an amount like $2,500 and it's like what everyone is doing now and when the price of bitcoin starts to be near on that price, there must be something wrong if the price keeps on decreasing.
Hey! I know the dip have to happend after such "to the moon race". But itsn't it too bad? I mean we are looking at 20% losses last 7 (seven!!!!!) days. What do you guys think about it? I don't want to panic yet, but it scares me.
Not that surprising and not that bad. Yes a drop this big may seem bad to someone new to Bitcoin and it would be bad in the stock market. But remember that this time last year the price of Bitcoin was around $600 per coin. Bitcoin has had a huge gain. A price of $3000 per Bitcoin is 5 times what it was a year ago.
Now the price is around $3300 and it could drop more but Bitcoin has always been very volatile and will have wild fluctuations. The important thing is that it will probably recover and reach new highs as some point. It just appears that it rose too quickly and the bubble has burst.
Bitcoin goes up and down like this. Best time to buy is when it is falling like this. Not a fun time to buy, but that's how this works. BTC will rise again as adoption spreads. That's the way we all win. We have to increase adoption.
I think its safe to assume that it would go down to as low as 2k usd. This is all because of China banning crypto currency exchanges, plus the heat its been taking from all the big corporations.
I don't think what's happening on bitcoin these days is bad. Actually, it's good, isn't it? People will grab this opportunity to buy bitcoins at lower costs. We all know bitcoin's value always fluctuates. That's normal. Do not be scared that its value will decrease to zero. That will not really happen.
full member
Activity: 378
Merit: 105
Active forum member, A+ poster, PM good sign camp.
It is bad but indeed in crypto history this has happened many times before, only thing is now its getting big and surely people of much power and money are manipulating market prices, you cant say no!
Besides that these governments are taking cryptocurrency as a threat, governments have done far more evil things to what they see as a threat, so it wouldnt surprise me if they would ban exchanges and making it illegal to use cryptocurrency, they are evil and the do not stand for the freedom they are shouting!
In the end I hope governments fail and people of free mind and intentions take over.
Besides that these governments are taking cryptocurrency as a threat, governments have done far more evil things to what they see as a threat, so it wouldnt surprise me if they would ban exchanges and making it illegal to use cryptocurrency, they are evil and the do not stand for the freedom they are shouting!
In the end I hope governments fail and people of free mind and intentions take over.
Hey! I know the dip have to happend after such "to the moon race". But itsn't it too bad? I mean we are looking at 20% losses last 7 (seven!!!!!) days. What do you guys think about it? I don't want to panic yet, but it scares me.
There is no need to panic, the Bitcoin price is known by its volatility over the years, the price is going down and up during all the previous years since its creating, but if you see at its current price it is still not bad.
It is also predictable that the price will increase again after a while. Patience is needed when we talk about Bitcoin holding.
It isn't so bad. China is only about 80% of bitcoin trading and China only has 20% of the world's population. If China shuts everything down, you still have 20% of bitcoin trading and almost 80% of the world's population. Unless other countries, like the US. follow suit and start banning things. But the odds of that happening are probably in the next year is only 50% or so.
Forget about the chinese, The only answer that gives an impact in the future to build the decentralized exchange site which gives the more anonymous to the users and that will be more secure rather than use the decentralized exchange site. Chinese and US against us but Canada,japan and swiss are our friends. 
But no, there is nothing serious. It is that speculation, there is nothing concrete behind, just the fear of frustrated investors who panic and sell at a loss everything they have ... The bitcoin project is still as solid and it's not qlq% less that will make it less interesting. Squeeze your belt, business will resume very soon and there, you will have to be on the move so as not to miss out on great opportunities!
It is only bad if you believe that BTC will never go back to 5000....
Panic and despair.
people felt that way in 2014, BTC dropped 80% but after 3 years it was higher than ever before....
Panic and despair.
people felt that way in 2014, BTC dropped 80% but after 3 years it was higher than ever before....
It isn't so bad. China is only about 80% of bitcoin trading and China only has 20% of the world's population. If China shuts everything down, you still have 20% of bitcoin trading and almost 80% of the world's population. Unless other countries, like the US. follow suit and start banning things. But the odds of that happening are probably in the next year is only 50% or so.
Hey! I know the dip have to happend after such "to the moon race". But itsn't it too bad? I mean we are looking at 20% losses last 7 (seven!!!!!) days. What do you guys think about it? I don't want to panic yet, but it scares me.
I think its normal in crypto currency,Anything could happen at any moment so we need to be always ready .
I would have thought a pullback is good for the long term stability of Bitcoin and all the other currencies. Shows that it's not just being inflated by hype and that slowly the 'real' value is increasing year on year.
Hey! I know the dip have to happend after such "to the moon race". But itsn't it too bad? I mean we are looking at 20% losses last 7 (seven!!!!!) days. What do you guys think about it? I don't want to panic yet, but it scares me.
Its definitely not as bad as it looks, the price is not continuously decreasing but is seeing a bumpy up and down ride with the panic sellers making the price look low. Looks like a combined effort by all the FUDers to make it look even worse and right now it is paying off because people are falling prey for it. I wouldn't be surprised if this was a move by the big players to get a grip back into Bitcoin with huge investments during this dip.
Hey! I know the dip have to happend after such "to the moon race". But itsn't it too bad? I mean we are looking at 20% losses last 7 (seven!!!!!) days. What do you guys think about it? I don't want to panic yet, but it scares me.
I think its normal in crypto currency,Anything could happen at any moment so we need to be always ready .
This week the sky is falling, next week it's lambos to the moon, same as always.
Its great time for buying in, buy the dip and enjoy the cheap coins! July all over again.
There is nothing wrong with temporarily reducing the rate of bitcoin and other crypto currencies, even if there is a significant decrease. Recently, everyone has got used to the fact that bitcoin is continuously growing in price. It does not happen all the time. After ordering the circulation of crypto currency in China, its rate will again rise. Therefore, there should not be a place for panic.
If you want to use %, remember mid July, when it fell to 1850$ from nearly 3000$. It was a 35%+ correction (or drop), right ? So, no, that's not (yet) as bad as it seems to be.
You can't rely on numbers, percentages, formulas, to decide if you can afford to lose your money or if you can hold long enough to see your BTC recovering. There's no science in here, i'm afraid.
You can't rely on numbers, percentages, formulas, to decide if you can afford to lose your money or if you can hold long enough to see your BTC recovering. There's no science in here, i'm afraid.
Jump to: