Little panics like this are good - page 5.

yoseph

sr. member

Activity: 868

Merit: 266

Quote from: Rosa Paula on September 13, 2017, 12:59:46 PM

Now bitcoin fall down.so i think it is a little panics for me. Grin

There is always a deep plunge before a huge surge, that's something that everyone must know, And i hope people are really not selling because some bankers are predicting doom and gloom about the cryptocurrency market, Why on earth will your opponent really say something positive about you. Bitcoin is their biggest threat and they are afraid.

crairezx20

legendary

Activity: 1638

Merit: 1046

Well i think the panic is just a part of cryptocurrency so its a normal that we are seeing and experience of panic.. remember only this year we don't experience of any hack or down trading site that actually push the price down a lot. now we don't experience but we are experience right a big panic selling which is happen from last few days . the price of bitcoin and altcoin is not decrease a lot compare to the news if there is a hack big trading site..
And i think seeing the low price of bitcoin can give chance other new people to invest in bitcoin and have their profit in the future. .

karabasss

sr. member

Activity: 284

Merit: 250

Quote from: Za1n on September 13, 2017, 04:08:51 PM

I agree that the current dip probably has more to due around the uncertainty of the China exchange ban situation that it does with Dimon's comments, but everything does have an impact.

I attribute the drop to something like:

China Uncertainty (50%+)
Recent highs that needed correcting (30%)
Dimon comments (10%)
Other factors (10%)

It seems to me that bitcoin did not need an adjustment. Its price went well up until negative news emerged from China. And then other factors were already connected

Za1n

legendary

Activity: 1078

Merit: 1011

I agree that the current dip probably has more to due around the uncertainty of the China exchange ban situation that it does with Dimon's comments, but everything does have an impact.

I attribute the drop to something like:

China Uncertainty (50%+)
Recent highs that needed correcting (30%)
Dimon comments (10%)
Other factors (10%)

X7

legendary

Activity: 1162

Merit: 1009

Let he who is without sin cast the first stone

This was China's news bro - for sure. Not an exec of a corrupt corporation stating his opinion while he pushes his competitor "Quorom"

Fraud.. lol... coming from JP that is cute

iluvpie60

hero member

Activity: 700

Merit: 500

It wasn't Jamine Dimon who made any of this happen.

EVERYTIME we get to an all time high, the price retractswithin the same day(it did), then it goes down slowly over the course of a few weeks(it is right now).

This happens because the supply stays roughly the same, while demand drops. Demand drops because an all time high was hit and recognized by the masses who use it. So they start to sell, then the price goes from 5,000 to 4,800, the majority of people see that and understand they should take their profit while they can and sell, then down to 3,800 we go!

Once it finds support it goes back up, because the people who have USD that sold at 3,800+ are buying back in at the bototm of the dip.

2 weeks from now, same thing.

etc.

Akash1243

sr. member

Activity: 392

Merit: 257

I do think these drops which cause are good as many people can buy bitcoins at low prices again which many investors and users might be waiting for even though many people are there who just panic and start selling their bitcoins which is very regretful.Bitcoins have seen many quick ups and downs which scares people but bitcoins has always survived and will keep doing this.

meliodas

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Activity: 742

Merit: 329

CryptoTalk.Org - Get Paid for every Post!

Bitcoin has experienced this a lot since it started, so I think it's up to you if you will panic or not. This kind of fall, is a good time for those who will hold because the more people who will withdraw the lesser would be the buying price. And, then when people see bitcoin increasing they would buy bitcoin again. So, I don't see the sense of selling your bitcoin if you will buy it again when it increase.

maurobiasolo

full member

Activity: 602

Merit: 101

http://scientificcoin.com/

Quote from: darkangel11 on September 13, 2017, 02:58:22 PM

Quote from: Getbdnews on September 13, 2017, 01:04:59 PM

I believe bitcoin is a bubble and one day it will burst. That will be a golden time for bitcoin buyers.

So you'd like to buy but the price is too high for you, am I right? If it really proves to be a speculative bubble nobody will invest in it after its burst.
Anyway, it's funny to see people who think BTC is a bubble register on a BTC forum, just to tell all investors and enthusiasts that they're wrong Cheesy

It seems like that most of "this is a bubble" comments come from people with no BTC on hands but really jealous of other success. That said, panic can be good in any ways: it can definitely help to make players more mature

darkangel11

legendary

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Don't let others control your BTC -> self custody

Quote from: Getbdnews on September 13, 2017, 01:04:59 PM

I believe bitcoin is a bubble and one day it will burst. That will be a golden time for bitcoin buyers.

So you'd like to buy but the price is too high for you, am I right? If it really proves to be a speculative bubble nobody will invest in it after its burst.
Anyway, it's funny to see people who think BTC is a bubble register on a BTC forum just to tell all investors and enthusiasts that they're wrong Cheesy

CARrency

sr. member

Activity: 546

Merit: 256

Quote from: ?? on ??

Yeah, I think we were going too fast. But around $ 3800, Bitcoin is a bargain (If you're a long term holder, of course)

The reason people now are saying that it is a bubble is because the price of this digital currency just blow out to $4000 where it just takes 2 months do double the price. If you will be thinking about it, that is really fast but we are just thinking of this when the price drops and not when it is happening because we are enjoying the fact that we are earning a lot of profit.

Creepings

sr. member

Activity: 546

Merit: 257

Quote from: leexhin on September 13, 2017, 01:17:27 PM

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.

Well I think everyone did until someone became millionaire and a lot followed and made the dream starts for everyone that they will be rich with this digital currency. It is not that I don't trust this digital currency more like, I know that in the near future the price of bitcoin will be high enough that people will be saying and posting that bitcoin is pretty expensive.

greeklogos

full member

Activity: 658

Merit: 152

Well, I don't panic cause of I have nothing to worry about, cause of that I don't have any Satoshi yet Tongue

I suppose this panic is good for those people who have some money for investment, now they finelly can buy some coins by cheap prices.

leexhin

sr. member

Activity: 503

Merit: 250

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.

digitalgame4life

full member

Activity: 378

Merit: 105

Active forum member, A+ poster, PM good sign camp.

I agree little panics as these are good but that doesnt take away that people begin to think about how big cryptocurrency or btc as a whole will be, I understand this is quite normal and good but many are manipulating prices thus so it is not always decentralized and all the shit going around cryptocurrency will have a negative impact, that all is oke but it begins to get ugly when these damn governments begin banning crypto and exchanges specially than the price will go down very bad.

Arngrim

member

Activity: 182

Merit: 13

Does people really think it is a bubble? It is the people who are controlling it. Those who are holding it for a long time are the one who can make waves. I cant believe people who are registered in this forum will think of bitcoin like that. Maybe they should try a stock market forum. They are on the wrong forum. This one should be all support for bitcoin and how to make it better not bash it.

Fredomago

legendary

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Leading Crypto Sports Betting & Casino Platform

its almost crashing everywhere around the crypto i'm sure it will recover back and even those panic sellers will realized what have they done
why did they sell their coins and those who made this issue will be happy holding more coins when pumped start to happen again.

Lmaooo

full member

Activity: 694

Merit: 108

santacoin.io

Quote from: ?? on ??

Jamie's Daughter is the real story here

http://www.zerohedge.com/news/2017-09-12/dimon-doubles-down-my-daughter-bought-bitcoin-it-went-now-she-thinks-she-genius

Milennials are making America great again, they don't need Trumps or Dimons!

Old dogs are slow to learn new tricks

Earth belongs to the youth

Bitcoin defeated Dimon in his own house and he came out shouting to the world saying bitcoin is a fraud. Bitcoin will recover whether these bad people want to or not. Cool

Getbdnews

member

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Merit: 10

I believe bitcoin is a bubble and one day it will burst. That will be a golden time for bitcoin buyers.

Pursuer

legendary

Activity: 1638

Merit: 1163

Where is my ring of blades...

Quote from: Uberse on September 13, 2017, 12:42:53 PM

They prevent Bitcoin from becoming a true bubble, which would be disastrous.

but we already had the corrections. many of them and big enough to be considered proper corrections and enough of them so that we can say it is NOT a bubble.

but I guess some people wanted a huge drop to be convinced it is not a bubble!

Quote

Jamie Diamond's recent comments show that, like Warren Buffet before him (as of a few months ago anyway), Diamond has no knowledge of how Bitcoin functions as a crowdsourced, decentralized, economical, sustainable, and fast method of immutable data-registration.

...or maybe they know more than you and I but they chose this strategy of going against bitcoin publicly at critical times so that they can short it when what they say causes a dip like this. it is a huge profit to do something like that and have that kind of effect.

Topic: Little panics like this are good - page 5. (Read 2354 times)