Bitcoin Forum

no need to panic. the price had to fall some after that peak, give it a few days and we'll head back up again.

I like your view on the market. It's realistic and to the point.

You're absolutely right, there is no need to panic since we're still up significantly compared to not long ago.

I have been observing certain people here with their predictions nowadays.

People that were expecting the price to reach $800 this month, and maybe even $1000 this year, are now slowly coming back on their predictions.

And that just because the dump that starts few hours ago. I am sure that tomorrow their predictions will be lowered even more. People here are are a joke.

If you have to tell yourself not to panic... you're already starting to panic.  ;D

i never told myself to panic, i told other's not to.

Just don't look at the chart too often and you'll be fine...  :) I was never shock that the price would drop, it's like the 770+ when the price drop like that... I believe that it will not go lower than 670... I hope so...  :D

Actually price doesn't seems to get lower than $700 as buy support on that range looks strong.
Talking about looking at charts i think its better to have an eye on chat atleast weekly to not get surprised when there will be big pumps and dumps. Better to look at long term chart rather than being panic looking at just current price.

+16% is really a huge pump so i also think we don't need to panic on some bullshit chinese hype, actually chinese government may support bitcoin trading rather than banning bitcoin or limiting bitcoin transaction volume in future.

It's not really a high crash but still it is noticeable everyone wanted to see $800 these days but still not reachable, hope in the upcoming weeks it will get higher.

Nothing to worry about, we have made huge progress in price movements over the last year. We will move upwards again soon.

I hope that it will not crash again back soon.. if this is just because of the news in china about banning bitcoin i think it is impossible to happen since they have largest mining bitcoin.. so it is impossible.  that can bring to other to sell their bitcoins..

http://imagizer.imageshack.us/a/img924/8176/Nx5aoR.png


























http://imagizer.imageshack.us/a/img923/4969/Y531dV.png




















http://imagizer.imageshack.us/a/img923/3235/ABbQ3I.jpg

Leave your bank.
Leave the stock market.
Loan your home.
Sell your appartment.

Leave this FIAT money.

In case you missed it, that news could not be confirmed, so it's clearly a ruse

Only those people whod o not believe in the power of bitcoin will be the ones  who will get panic and sell  all thier btc. But the believers of bitcoin are happiest before the year ends.

I agree, the price jumped very high and a pull back was expected. We still have made a big increase over the last week or so.

The price HAD to be corrected at some point. Considering the rapid spike we saw and the relatively lacking of a floor pushed by the market, a correction was bound to happen and that's what we got. Any rally has to be met with a correction for the market to have some confidence with; if it doesn't then there's no (or low) confidence in the market and it can drop again.

some people are too lazy or stupid to zoom out. it is easy use your middle mouse button on almost 95% of the charts you are looking at and it zooms out. the least of it is 30 days, a couple of months or my favorite the last year.

we are up to $700 from $200 in a year so if you still want to say bitcoin is dead or has dropped then you are a fool :)

https://i.imgur.com/AqxsPhC.jpg

People sometimes are too short sighted, they are just looking at the tiny picture but never on the huge frame.  I agree that bitcoin in a year run had increased for more than 355% .  Going back to 680 USD is still a positive note if you compare it at 200+ USD a year ago.  So I think there is no need to worry here especially if you are the one who bought at sub 300 USD.

Theres  no  really need  to panic when  bitcoins price  do tend  to fall  back again  and its really  normal  for  bitcoins price to move that way. As  OP mentioned   it would really goes back  up again  for sure . In previous  year  we could really say  that  bitcoins  price  really  increased   and we  could really assumed  that   it would still happen next  year as  long the  adoption increases   the price   would surely rise  up too. There are really times  that  it dips  but just a normal  thing on bitcoin.

That's a great a chart picture isn't it?
I absolutely agree with your statement.
Furthermore what's good to see is that the 700 range is some resistence we had to deal with in june/july with as well. So imo it was clear that we wouldn't rush through it that quick and easy.
We will have to fight for it.Maybe have to take another last drop before really haven shaken out all the weak hands and then continue moving up. I hope this doesn't happen, but it's not unlikely.
Let's just have some more patience and 800 and more will be close. This year was a good one for Bitcoin.No need or reason to be disappointed!

yeah but $700 is still a drop of 500 from 1200 the last big ath, you need to view the picture completely, if you want to be the one without the narrow mind, so it's definitely a decreasing and not an increase, i can agree on the fact that the average of bitcoin is increase, but nothing more

Well  if we  really  trying to compare  it  to  the  highest peak  price of bitcoin  on previous  years we could really say  its really a drop  but  as we all know that was a hard  pump  and  followed  by a hard  dump of  price  ,  unlike  now  we are taking  up  gradually  increasing  on bitcoins price and we  could  really say that  it has a good  support when we are  talking on  price dips.

I think that Bitcoin if growing now if we consider the general tendency and if something changes slightly we shouldn't panic indeed. And yet I don't think that the change in price will become huge. I mean, bitcoin will stabilize arond $700 in the nearest time in my opinion.

I think if you trade
and constant profit 16%/month is good
buy you say about incrase and decrase bitcoin price
still zona save, not very bad dump, only corection price and then can up again

well that's is just  a short panic coming from the weak investors but its still moving up and keeps showing strength still a good time to invest.

that is easy. but you have to keep in mind things that were happening back in 2013ish, the time of MtGox and willybot. you should know that $1200 was a fake and temporary pump because of the situation of those days. so $1200 was not really a genuine ATH but a fake price.

https://i.imgur.com/3uhUa0P.jpg

but looking at the whole chart you can clearly see that price has been going up, excluding that pump, from $1 and less to this day's price $700

A very good   profit on  monthly  basis  if  you  are   doing short. Trading bitcoin would   be  profitable   and  we  should really  not need  to panic  when bitcoins price tend to  dip its price  because  its  just a  normal thing.  Only newbies  would surely  panic sell   on their coins thats the reason  why  bitcoins price would  really  decrease  but for  traders  its  really an  opportunity for them  to buy even more.