Topic: Market Panic can drive BTC prices Lower - page 6. (Read 4230 times)

It will recover but not for over $1000 again. At least it's will be back to the previous price before the bubble was happening.

Who the peoples are not selling his bitcoin @$1100++ They will need wait about some years later to see the price will be back over $1000.

I don't think if this is an effect by the massive adoption but more likely to call it manipulate the price.

I really dont care bout the price falling down. It will just recover quickly again anyway. We have been through this before and this is a normal for me. Everyone can buy and dump their bitcoin. We cant do anything bout that. We cant stop them to sell their btc.

… but never try to catch a falling knife and don't try to be smarter as the market   SCNR.

//alex

Well if things have gotten that bad, an apocalyptic scenario is one where the Internet may not even be a functioning network any longer. On the other hand "IF" shit gets so bad, like you say then markets will collapse and coin value might plummet into the ground.  IT would be easy to hide, and hard to steal.


Here is some ammunition for your sales Pitch  in 2036 there is the likelihood that the earth could get hit by an asteroid that we share a path around the Sun with. The Asteroid Apophis crosses the Earths path twice a year, and comes close to the Earth every 6 years. It is expected to pass safely "JUST UNDER OUR ORBITING SATELLITES " in 2029 and the NASA near Earth Object Program has not calculated the possibility of impact, for 2036. They said it was calculated to be a safe pass in January 2013, then 3 months later recanted and said "WE DON"T KNOW"

 Recovery if any, is harder to calculate.

Dude you are so right, if your a Bitcoin investor, then you should be trading and repurchasing and re-trading all of the time. It is the only way to profit in spite of price drops. You protect your investment by selling and re-buying, This way you continue to garner a profit, increase the value of your long term investment. The price drops don't mean much if your constantly rotating. your coin.

If you want to buy and just sit on the coin, you will have to be very patient, expect to wait around 2 years before it is really worth selling off. Buy and sell buy and sell that is how you win in this game.

I have made most of my money on the fear of others. It really is my main strategy. Buy when there is "blood in the streets", sell when everyone is celebrating a rally. 

http://www.investopedia.com/articles/financial-theory/08/contrarian-investing.asp

Market panic can impact the price of bitcoin negatively but bitcoin has a strong foundation for recovering back. My experience in trading has thought me some lessons, one of the lesson is identified market trends and trade along the trends until the market is extremely over bought or over sold. Coin may be felling recently because of panic but market outlook for bitcoin is very positive and that is what matters.

I know we are currently seeing the fall of  coin prices, and many of us may think to get out while the getting is good. Well if you need the money, I guess that is understandable. However if your in it for the investment, and you can hold your ancie  pants together  during the drop. I don't need a chart to tell you that Bitcoin is on a continuing upward trend, in spite of coin price drops.
 Panicking and selling off not only hurts your longterm investment, but breaks the market down also. I know speculators that just made hefty purchases at high prices are losing,

 Don't panic there is a way to recover the loss

 You can sell your coin at 5% over Spot, take that money and repurchase coin at 5% under spot and resell. This way you do not lose your profit, you continue to accumulate coin and increase your holdings without purchasing more coin.

Because Bitcoin will continue to move upward in spite of a few downward spikes, you can't lose.

Try to convert business to accepting coin, inform them of BTC virtues, Security ( from Robbery ), Customers pay BTC fees, Goodbye to Credit, debit and Paypal fees for businesses, and it is quicker and easier than using plastic. Most important, this money will actually increase in value if saved, and can be used to generate even more income through the sale of the currency. You can't do that with American Dollars.

Look at these recent events

Japan accepts Bitcoin as legal tender

https://www.cryptocoinsnews.com/bitcoin-accepted-japanese-users-can-soon-pay-utility-bills/

Uganda First African Nation to Accept Bitcoin as Legal Tender

http://afkinsider.com/135498/uganda-become-first-african-nation-adopt-bitcoin-regulations/