Topic: Little panics like this are good - page 3. (Read 2352 times)
Any price correction is healthy to the ecosystem. This panic has caused a lot to sold off their coins causing it to fall at around $29xx. But for others, this is a good buying point. Read all about JP Morgans, they are one of the biggest buyers of bitcoin in this floor price. They took advantage and manipulate the price into their favor so that they can buy in this panic and dip. As for us, casuals it is also a good opportunity to enter the market and buy and hodl if for the long haul. In a price correction, its better to hodl and not sell otherwise you will lose your investments.
It happens once in a while as the concept of using cryptocurrencies is still in its infancy. But I think it will happen less and less as it gets more mainstream and accepted by society at large.
I think this panic will help some beginners to buy and make some profit to begin.
. . . the future looks bright even after these panics, that of course if filthy governments don't ban exchanges or investing in cryptocurrencies.
To prevent fraud more and more governments will seek to regulate crypto-exchanges that accept and pay out fiat. As for mining, some governments may seek to end the taxpayer subsidization of the electricity that miners use for their private profit. That would seem reasonable -- if they can find a practical way to enforce such a ban, especially since mining will probably become more and more decentralized. The problem is that lots of profitable enterprises use taxpayer-subsidized electricity. Taken as a whole, it may be that even all the bitcoin miners in China use a comparatively small amount of power and are paying (or eventually will be paying) taxes on their earnings. As a constitutional matter of law (although this would only apply to Western-style democracies) I don't see how data-hashing itself could be banned. And anyway, governments will probably start using Bitcoin themselves to save time and money. They might have their own proprietary 'permissioned' blockchains but will eventually discover that they can also use the Bitcoin blockchain to register their own hashes as a way to achieve absolute security at very low cost.
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Little panics are good indeed, although this was not so much a ''little panic'' this was pretty big panic, unless you are a trader you could say that these are good, but for non traders this is pure FUD, its a shame these big players are FUDding in order to get them more power and coins altogether, the other way if you are not a trader would be to just hold because the future looks bright even after these panics, that ofcourse if filthy governments dont ban exchanges or investing in cryptocurrencies.
I think so too. It's a good way to stay on your toes. Flactuations like this are a good way to profit off of the Bitcoin Violitility.
So many people cry and moan. They seem ungrateful esspecially when they gain there bitcoin through work. The get a lot and then get Even more bit when it goes down a little they so greedy and whine a about it.
So many people cry and moan. They seem ungrateful esspecially when they gain there bitcoin through work. The get a lot and then get Even more bit when it goes down a little they so greedy and whine a about it.
I haven't trusted bitcoin when I first knew it, and I had the worst mistake of my life. I could've been a millionaire by now, only if I invested my extra money when I started. So, I don't want to commit the same mistake. As much as possible, I wouldn't panic and just hold on to my bitcoin. It might go down a little, but the test starts here. Let's see what will happen.
Me too, I saw the price pf bitcoin way back December 2016, I think it was 700$ per bitcoin that time. This March 2017 I started to study bitcoin, the price is about 1300$. I regret of course, If I already bought some bitcoin on Decemeber 2016 and hodl it until now. I havr a bunch of money right now. But it's ok,
I will hodl my bitcoins until the price is have enough profit for me 
Somehow I panic but, When I feel that I will shutdown my computer then sleep In order to control my emotions. 
They prevent Bitcoin from becoming a true bubble, which would be disastrous. The level of incomprehension regarding Bitcoin is still very high. Jamie Dimon's recent comments show that, like Warren Buffet before him (as of a few months ago anyway), Dimon has no knowledge of how Bitcoin functions as a crowdsourced, decentralized, economical, sustainable, and fast method of immutable data-registration. If these guys don't know, it's a given that lots of recent easy-money chasers don't know either. A friend of mine says his grandfather was taught to drive a Model T by an elderly uncle who sat in the passenger seat with his hand on the emergency brake and yelled Whoa! Whoa! if they went faster than a trot. That's how a lot of people hold their bitcoins. They sit with their hand on the mouse and yell Sell! Sell! at the first hint of trouble. But that's good. Bitcoin can never become a bubble that way because it won't get high enough fast enough. It will slide and even crash from time to time, but since it has real utility (as opposed to tulips --- and the liar loans Dimon's company, J.P. Morgan, was fined $13 billion dollars for selling) Bitcoin will continue to climb after Buffet and Dimon have had uninformed say and momentarily clogged the exits with butts and elbows. As for rumor-mongering China, Bitcoin's Long March will continue there too.
Just sit back and hodl. If you can't hodl here, you are in the wrong game. Try the stock market.
I have this view that Jemie Dimon know the working principle of bitcoin but his comments is actually pure act of attack against the system of decentralized economic and freedom. If traders especially the panic one keep reacting to comments like this in their trading decision and in effect cause bitcoin to reduce in value on the long run The elites like Jamie has gotten tools in they hand to control bitcoin. Hold is the best thing to do as to me bitcoin is not even in the bubble yet. Just sit back and hodl. If you can't hodl here, you are in the wrong game. Try the stock market.
I believe bitcoin is a bubble and one day it will burst. That will be a golden time for bitcoin buyers.
I agree with your opinion because we can see the bitcoi enthusiasts are increasing, and will make the price higher because the law of demand and offer is valid here. so do not panic when bitcoin prices get corrected, because that is one way to attract bitcoin buyers. automatically when the bitcoin buyer increases, then the price will go up even beyond the price before the correction occurs. 
Now bitcoin fall down.so i think it is a little panics for me.
I do not think it is necessary to panic, instead we should be able to take advantage of the decline in prices by making a purchase, this purchase will make the price back to climb back. and we can benefit from the increase.
Yes a little panic gives opportunity for many people who want to buy bitcoin. This drop makes some holder to sell their coins to cut their loses but in the end they will regret because they don't way fotmr the price to pump. It started to pump again so those who hold their coins like me are now celebrating
It is not just a little panic, it is quite 20% drop panic. But bitcoin is recovering now, that is good news. And if you see the tweet about jpmorgan in bitcoin, that will calm everyone and gain confidence again in bitcoin.
https://twitter.com/IamNomad/status/908831764457672709
https://twitter.com/IamNomad/status/908831764457672709
They are definitely good coz how else will the market become fun? It avails people who are smart about the market to strategize and make the profit they want. And those who get really bothered the other way sell out too.
Yes true, a little panic makes a lot of profit, when bitcoin price drops to $ 3200, I buy about 0.75 btc and it's great that now the price has reached $ 3775 and it will soon reach $ 4000.
Sorry for these panic people now that bitcoin is rising up again i just fell bad because i decided to buy a huge amount to add on to my hoarding if bitcoin will fall down at $2000. Now i buy so small with my capital because the price is suddenly increased again but still this is better than $4K. This value will goes up even more if China will lift the ban. Be on board before its too late again
I felt the exact same way when I read the headline about what Jamie Dimon said about Bitcoin - I know people would be panic selling and I would buying up more crypto.
Well everybody that read that article will really think. But not all what we read is true or it's up to us if we believe these news. It's ok to feel panic a little, it's normal as human but what's not good is when panic eats you. You can't think right and you'll make decisions that can worsen things. As traders I think we should used to this as this always happen in crypto world.
Yes true, a little panic makes a lot of profit, when bitcoin price drops to $ 3200, I buy about 0.75 btc and it's great that now the price has reached $ 3775 and it will soon reach $ 4000.
Bitcoin was appreciating in its value quite fast during past month.That wasn't a natural appreciation completely. Thus, corrections like one happened recently are needed for natural growth be it any commodity.
You are wrong in considering Jamie Dimon a Bitcoin noob. He very well understands what cryptos are. He is the CEO of one of the largest bank. Cryptocurrencies in one way or other are threat to these banks. Cryptocurrencies are still not really big a phenomenon and hence we might not see them as threats. But banks are very well aware of Cryptocurrency's future potential and are doing their best to spread panic among holders.
Regarding panic sellers. There are always some when it comes to a speculative assets.
You are wrong in considering Jamie Dimon a Bitcoin noob. He very well understands what cryptos are. He is the CEO of one of the largest bank. Cryptocurrencies in one way or other are threat to these banks. Cryptocurrencies are still not really big a phenomenon and hence we might not see them as threats. But banks are very well aware of Cryptocurrency's future potential and are doing their best to spread panic among holders.
Regarding panic sellers. There are always some when it comes to a speculative assets.
Little panics causes aome people to freak out and sell their bitcoin because they are thinking they would lose money. And most people that do this are those who are new to bitcoin. They think that they will lose the money that they invested to bitcoin which is wrong. If you're gonna invest something be prepared to have some losses at times before you gain profit.
They prevent Bitcoin from becoming a true bubble, which would be disastrous. The level of incomprehension regarding Bitcoin is still very high. Jamie Dimon's recent comments show that, like Warren Buffet before him (as of a few months ago anyway), Dimon has no knowledge of how Bitcoin functions as a crowdsourced, decentralized, economical, sustainable, and fast method of immutable data-registration. If these guys don't know, it's a given that lots of recent easy-money chasers don't know either. A friend of mine says his grandfather was taught to drive a Model T by an elderly uncle who sat in the passenger seat with his hand on the emergency brake and yelled Whoa! Whoa! if they went faster than a trot. That's how a lot of people hold their bitcoins. They sit with their hand on the mouse and yell Sell! Sell! at the first hint of trouble. But that's good. Bitcoin can never become a bubble that way because it won't get high enough fast enough. It will slide and even crash from time to time, but since it has real utility (as opposed to tulips --- and the liar loans Dimon's company, J.P. Morgan, was fined $13 billion dollars for selling) Bitcoin will continue to climb after Buffet and Dimon have had uninformed say and momentarily clogged the exits with butts and elbows. As for rumor-mongering China, Bitcoin's Long March will continue there too.
Just sit back and hodl. If you can't hodl here, you are in the wrong game. Try the stock market.
Just sit back and hodl. If you can't hodl here, you are in the wrong game. Try the stock market.
yeah exactly you right, this is the most challenging and breath taking moment in bitcoin world so im so excited to what will happen next, but for me im in no worries to what will happens next, because most of the time bitcoin proved itself that bitcoin is decentralized, reliable and sustainable in terms of long term investment so why you got worries and do panicking your self to sell your bitcoin? instead of doing that, just hold your coin and we wait together what will happen next.
The only people who benefit from panics like this are the good traders who understand how to buy low and sell high. If you aren't a good trader then you can kiss your money goodbye. 
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