Topic: Will you catch the falling knife? - page 2. (Read 1214 times)

The good old days when it was $600 about 12 mths ago, can it fall back there again, ill sell it all and borrow  everything to buy in there if only. but I know the bitcoin community might rush the price back up if it hits a mere 3000 hopefully it falls fast enough so people dont act if it falls slowly it wont make it to $3600.

When you buy a bitcoin, you are essentially buying a number in a Chinese database. The Chinese miners control a majority of the hash rate and thus control all bitcoin transactions. If they want to block a specific wallet from transactions forever, they can by simply never processing transactions from that address.

To make money, you need someone to buy your number for a higher price. The moment you buy, your money is gone and sent to someone else. Bitcoin itself has no value, your only hope is to sell it to someone else in the future. For someone else to buy your bitcoins, they need money and need to be willing to spend it on bitcoins.

There are people with millions of dollars in bitcoins. When they sell, they need to find someone with millions of dollars to buy those bitcoins and who are willing to buy them at the current price.

All you need is one person with millions of dollars in bitcoins to sell and the price tanks. That is what happened with Ethereum a couple months back. The price dropped to near zero as someone with millions of dollars in Ethereum tried to sell out. They weren't able to sell as as the price dropped to near zero as they couldn't find enough buyers.

The best thing for the people who own lots of bitcoin to do if they want to sell is to sell slowly over time. This means the price doesn't drop all at once, it drops slowly day after day, week after week. If you have multiple people trying to sell large amounts of bitcoin, they tried to sell faster than the other people so the drop can happen faster.

In any case, the price can go down and not recover. If you had a billion dollars in bitcoin and you wanted to sell, it would take you years to sell and during that time, the price would keep dropping. And if someone else was trying to sell a billion dollars of bitcoin at the same time, the price would drop even harder.

And if you had a billion dollars in bitcoin you were selling, you'd want people to believe the price will never go down and they should hold so you can sell before they do.

just like you, is too risky. and I do not dare for now, there is still chaos I think for the next few weeks.

inflation will occur in the coming year, my prediction.

Come on this is cyripto currency ecosystem you should not invest with all of your assets, consider will you be sad if you loose all if your answer is yes then it is better to invest the amount if you loose you wont be sad. This is how I invest.

This is a good news for me as a newbie. But don't know when is the right time to buy. Do I have to wait for $3600, as mentioned above?

Omg! That's hilarious haha i like the pun. Selling off your house and car together with your kids, how about selling off your wife/husband as well? Kidding aside, this is definitely the best time to stock up and buy some btc if you have the fund. We know the drill, right? I don't know about those who are panic selling but we know better. This scenarios are normal and we've been here before. Having experienced those unbelievably highest value of btc like a whirlwind, drop like this is pretty much expected.

Personally I believe the drop in price is due mostly to people selling without knowing why they're selling. People see news and sell, without even understanding what the news means or even if the news is real or valid. I've been buying as much as I can afford recently because I see no reason for the drop.

Even if there was a good reason for the drop, I'd probably still be buying because I'm always bullish long on Bitcoin. I believe most people that are on these forums are too however, so it can turn into kind of an echo chamber in here.

Many people have already sold, but I am sure that a lot of people still think about selling.
With the mostly negative publicity bitcoin gets at the moment, a few reports more could push the undecided over the edge as well.
Personally I am not going to sell a single satoshi, but it's not yet buy-time for me either.

just fools who want to kill themselves, suppose we already know in front of the cliff but we continue to step and finally die silly proverb !!

I don't see that anything has really fundamentally changed between $4900 and $3900 - if I was buying at $4900 I'd be buying at this lower price also.

Yes of course, this is the best time to buy Bitcoin cheap.

damn, I was preoccupied with school stuff that I didn't even notice the price going down by almost $1k... wow. Looks like this is the right time for me to invest something. btw what's the deal with the price drop at all? I've been kind of out of the whole bitcoin happening for the past week or so.

yes I agree with you, this is the time we buy,
I will also invest heavily at this time,
news from china greatly benefit us,
we can buy bitcoin at cheap price, this is our chance

I agree so it is a good idea for those who wants to catch up bitcoins, while it keeps on dumping now. It is a good time to buy and hoard a couple of bitcoins and hold them after. I'm pretty sure after the dip bitcoin will try to recover and regain back its value.

Even if bitcoin falls to 3600 it is doesnt matter. It was necessary to enter when the price was up to a 1000 dollars or maximum 2000.

Hmmm.  I didn't know, that you can sell your kids. LOL.  How many bitcoins did you get?   

It's a good idea to enter when most of coins dumps. You can have a decent profit in less time. But don't forget to not invest what you can't afford to loose.

You'll never know if it will just fall fast, or it will recover and rise up back again. Bitcoin's price depends on many factors yet, supply and demand affects it entirely. As users, panic sell, it's price falls, but when they buy back again, say hello to the rising knife, bro.

Bitcoin may experience downfall but it's not for long so better watch the market because if they want to invest in bitcoin they must be patience enough to wait for a little moment like this though its not that lower as we can imagine still it is always a great opportunity to buy and invest in bitcoin.

Perfect! I like your positivity. Well as for me, I am not worrying much but rather I'm excited about the price that gets low. Can't they see it as opportunity to buy more bitcoins? Let's see the good side of it rather than worrying and panicking. In my prediction, when the price gets low, there's this panic selling so the price drops, once its on the dip, many believers and risk takers will buy more bitcoins so eventually it will go up again.