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Title: Do not buy bitcoin IF... Post by: BitcoinHodler on January 05, 2017, 01:57:27 PM if you are a newbie who panics with every bump and starts selling...
if you are a newbie who panics with every jump and starts buying... save yourself the head ache and do not invest in bitcoin, just stay away. when you make decisions based on panics you are only feeding the whales. look at the price right now, the panic they created caused a drop from $1166 to $851 on bitfinex and who do you think sold on top and made the panic? the same people who have been buying bitcoin low from you. but if you are in it for the long haul, just buy what you can afford and hold it in a cold storage and be happy with being a part of a limited supply future currency which is going to conquer the world. and stop looking at the price every second unless you are a seasoned trader. p.s. from BitcoinHodler https://i.redd.it/4r19n7uf9w7y.jpg Title: Re: Do not buy bitcoin IF... Post by: Fatanut on January 05, 2017, 02:04:47 PM if you are a newbie who panics with every bump and starts selling... However, even panic sellers can make profit. For example, those people that were using bitcoin since last year can make profit even if they did sell their coins at this dump or price correction. Simply the (natural) flow of bitcoin saves all those panic sellers. The problem with most people is that they don't know when to sell since there's not that much sign when exactly is the price going to go up/down. I hope this price correction serve as a lesson or a reminder to all of us.if you are a newbie who panics with every jump and starts buying... save yourself the head ache and do not invest in bitcoin, just stay away. when you make decisions based on panics you are only feeding the whales. look at the price right now, the panic they created caused a drop from $1166 to $851 on bitfinex and who do you think sold on top and made the panic? the same people who have been buying bitcoin low from you. but if you are in it for the long haul, just buy what you can afford and hold it in a cold storage and be happy with being a part of a limited supply future currency which is going to conquer the world. and stop looking at the price every second unless you are a seasoned trader. Title: Re: Do not buy bitcoin IF... Post by: n0ne on January 05, 2017, 02:05:31 PM Bitcoin price movement is happening not just because of the big whales. Price movement is happening just on reaching the peak more and more started selling the bitcoin to grab the profit. This increased circulation in a short along with the big whales who suddenly make bulk movement causes the price fall. Within a short we can expect a sustained price.
Title: Re: Do not buy bitcoin IF... Post by: lokomotive on January 05, 2017, 02:08:51 PM Nice time to buy coins for el cheepo
Title: Re: Do not buy bitcoin IF... Post by: BitcoinHodler on January 05, 2017, 02:12:16 PM However, even panic sellers can make profit. For example, those people that were using bitcoin since last year can make profit even if they did sell their coins at this dump or price correction. Simply the (natural) flow of bitcoin saves all those panic sellers. The problem with most people is that they don't know when to sell since there's not that much sign when exactly is the price going to go up/down. I hope this price correction serve as a lesson or a reminder to all of us. someone who has bought bitcoin last year and held it until now and never sold on all those FUD and previous panics is not a panic seller dude, get your facts right. a panic seller is a newbie who bought bitcoin when price went up to $1050-$1100 and sold because price went down to $850 and now he is crying because he lost a couple of thousands of dollars. Bitcoin price movement is happening not just because of the big whales. Price movement is happening just on reaching the peak more and more started selling the bitcoin to grab the profit. This increased circulation in a short along with the big whales who suddenly make bulk movement causes the price fall. Within a short we can expect a sustained price. an experienced trader with lots of bitcoin (a whale) knows too well not to sell a massive amount (48,000 BTC was total volume on btx) at once, he sells slowly to make the most profit on highest price. a manipulator however opens positions at low prices then dumps big amount, creates panic and gets his orders filled making 35% profit in less than an hour. Title: Re: Do not buy bitcoin IF... Post by: dat.ho12492 on January 05, 2017, 02:13:40 PM if you are a newbie who panics with every bump and starts selling... people scared and decision sell bitcoin cheap, I feel like we're trapped, it makes us sell cheaply Bitcoinif you are a newbie who panics with every jump and starts buying... save yourself the head ache and do not invest in bitcoin, just stay away. when you make decisions based on panics you are only feeding the whales. look at the price right now, the panic they created caused a drop from $1166 to $851 on bitfinex and who do you think sold on top and made the panic? the same people who have been buying bitcoin low from you. but if you are in it for the long haul, just buy what you can afford and hold it in a cold storage and be happy with being a part of a limited supply future currency which is going to conquer the world. and stop looking at the price every second unless you are a seasoned trader. Title: Re: Do not buy bitcoin IF... Post by: ether19 on January 05, 2017, 02:14:20 PM Bitcoin price movement is happening not just because of the big whales. Price movement is happening just on reaching the peak more and more started selling the bitcoin to grab the profit. This increased circulation in a short along with the big whales who suddenly make bulk movement causes the price fall. Within a short we can expect a sustained price. Bitcoin can recover soon. But it is better to wait and see were the price will go in the coming few days as week hands will exit and some big traders will look to book profits. They should have done it by now. People who wish to enter into Cryptos should get their funds ready and keep a close watch on the charts. |
