Bitcoin Forum

I need to stop watching this chart. I want to hold. I'm going to hold. But shit if I keep watching the chart right now I'm gonna go gray.

That is FAST...

What chart are you watching and what is it telling you?   I see we're now at 706, and yeah that's a pretty good correction.  But I'm holding.  Bitcoin has been thru worse than this.

looks like china is finished with the quick dump. up we go and fuck finex for the moment.

Can they get to 650?

The panic is only going to accelerate, always does... You can expect that 650 within 30 mins

Nope, holding!

I just bought the dip.  First coin I bought since $450.

Dip isn't in yet, we still have at least 20% to drop.

I'm really counting on the halving....

I love the way that the Stamp chart looks like a little dagger, being dangled off the edge of a very high cliff....will have to come up with a name for that.

'dip buyers' can be rest asssured. If price corrects heavily...and then just kind of hangs around not moving.....chance are there is more to go....lots more.

Why is everyone stressing, you bought the coins when they were $250 or $275 right?  this is still well above the starting price

Quite a few people will be margin trading. That adds a whole new world of hurt if there are sudden movements out of nowhere. They could be wiped out completely. They're the ones who set the prices, not the ones who bought a coin six months ago.

Oh! Vain flourishes of Fortune! If Heaven hath any more grievous plagues in store...

I have been buying coins over the years. Holding. I have bought low (89) and high (750). All over the spectrum. Mostly low. But I have no expenses, so whenever I get paid I try to buy more. So I am stressing over maybe losing $100. Not a huge deal really, but I mean who wants to lose $100?

Holy dip to almost $650 on Coinbase and quick recovery to $700

You must be new here

$325

I say 570-590 is possible, but I am not trading this.

Well even if Bitcoin goes down another $50, you have still doubled your money.

Maybe because many bitcoin holders are selling their coins and bitcoin price becomes lower and lower I hope it would not be woroe. But still I'm holding this coins I will not convert it. But I guess its only temporary lets wait again in 30mins  if this will continue to happen, well rhis will not help. And the current price is $682

No shit

But I'm buying gold with BTC - and this dip sucks for me

Buy more now or wait?

congrats to the dip buyers. this will be back at 740 when i wake up in 8 hrs  :)

My phone has so many notifier warnings going off there is no way I'll be sleeping :'(

Yeah no worries here. Sometimes a dip is necessary for the upward momentum. Bullish

That's really no way to live.

Accursed and unquiet wrangling days are these.  :-\

No need to stress out as the market reacts quite normal. The entire market is filled with speculation around the block halving. It's good that a dump like this happened as it takes a lot selling pressure away from the market. If we can settle above $700 we're perfectly fine.

I'm glad Bitfinex decided to shut down their trading & let the market chill out a bit.

So basically rob all traders on dip

Some drama overnight, eh?
Looks like it recovered rather well, considering, only really dropped $30 or so.

Almost  :P

Lol i remembered doing this too when I was new in bitcoin. The price is never a good indicator to hold or sell.
The way i learned is to check historial points of bitcoin and look to date vs expectation.

Suppose the halving was coming up next week,
Short term: Hold
Long term: Hold

Short term traders option would to be selling your coins and buy back cheaper.

I guess the safe thing to do is try to reserve some and never let it out. And the rest would be free for you to play with.

I know, I can call it, 'The Dangling Danger Dagger of Death!'

That's correct. I do the same.
I have some bitcoins reserved for trading. Those coin's i won't sell till will get out of bitcoin. The other part of my bitcoin are meant for selling at the right moment.
This will probably be in a few years, because I don't see the price go to 1k anytime soon.

Lol, I have been looking Bitfinex price of 713$ for hours, wondering why it isn't moving much :D
But last 1 hour price is up 34$ (at bitstamp) so looks like we are going back up.

U do understand that markets don't just get to their final destination, by going direct, A-B?

That was a bounce.

There is more shit to come.

Panic panic. price is down to 656$ but im not gonna sell it. im with the op and i think we will see an increase very soon. im having a target of 1000$ then i will sell my coins.

guess they should have read the markers better, this is not rocket science

Nice bounce back.
Price seems to have some support at $650 levels.

Better to dont panic and i think the price will increase again back this is just the effect of bitfinex according to other $19 million in bitcoin sold in austalia..

There it goes, it's already at $674. It's more than just a correction, by this time, panic would have already set in.

just bought 50btc on localbtc via swift at 750 this morning. finalised the deal. now im crying  :-[

It was only around 715 this morning at its best... You just made someone's day lol

But it was in localbitcoin. Last 24hours highest price there is 1340 CA$ / 1 047 US$

https://bitcoinity.org/markets/localbitcoins/CAD

Wowsers, 50btc at near the 2 year high was a pretty risky.  Hope this turns around for you. I'm guessing we'll see 750 again though in the next 2 weeks.

Maybe you should have bought some not-so-censorship-resistant altcoins.  You snooze you lose.

I was also panicking today with sudden 100$ and more shrink in the price however within panic i try to search for the reason and found that bitfinex is down and people are panicing causing drastic drop however i think price will soon get rebound to 700+

Some people are selling off, so it puts back the price off obviosuly.

But we still got like 20 something days left or maybe even less and the halving hasnt started yet.

I would sell once it actually hits within the same week to see prices rebound before or after.