Bitcoin Forum

I'm scared because price Bitcoin down, I do not know what to do with Bitcoin at this time :'(

I'm scared because price Bitcoin down, I do not know what to do with Bitcoin at this time :'(

Why scared? Remember that before the surge we are sitting around $700-$800 as far as my memory is concern. Instead, take this as an opportunity to make another rounds of buying, yes embrace the dip as it was normal.

Advice? If you think you missed the train of selling price then just hold since it's just the same risk. While at the same time just continue with your method to earn bitcoin. Accumulate more and more. If you don't need to use your bitcoin then just let it sleep.

No one knows what will happen in bitcoin price so better play with it.

I'm scared because price Bitcoin down, I do not know what to do with Bitcoin at this time :'(

Emotions are not your friends when it comes to money. You should address your questions to a calculator instead of people.
 ;)

Easier said than done, I feel tense and worried. If Bitcoin prices continued to decline, I will lose a lot of money

when the price drops. dont be letting fear get to you making you worry about should you sell.. instead think about it as a discount day and get excited about buying more while its cheap.

Why scared? Remember that before the surge we are sitting around $700-$800 as far as my memory is concern. Instead, take this as an opportunity to make another rounds of buying, yes embrace the dip as it was normal.

Advice? If you think you missed the train of selling price then just hold since it's just the same risk. While at the same time just continue with your method to earn bitcoin. Accumulate more and more. If you don't need to use your bitcoin then just let it sleep.

No one knows what will happen in bitcoin price so better play with it.

Easier said than done, I feel tense and worried. If Bitcoin prices continued to decline, I will lose a lot of money

when the price drops. dont be letting fear get to you making you worry about should you sell.. instead think about it as a discount day and get excited about buying more while its cheap.

I'm scared because price Bitcoin down, I do not know what to do with Bitcoin at this time :'(

I wouldn't worry about it, it's probably just a minor correction. Or it possibly could be people like me that decided to sell a quantity above $1,000 and keep selling for every jump of $100. There are many people that have been waiting since 2013 to sell and get their money back. They could be selling too. If it does continue to drop then just do what I did and take the $100k you just made selling, buy back your 100btc at a lower price, fly to Vegas and party for two weeks on the profit.  ;)

I'm scared because price Bitcoin down, I do not know what to do with Bitcoin at this time :'(

I don't usually post dump calls as a courtesy to fellow market makers/china pumpers, but it was pretty much over at this picture I sent to someone yesterday:

https://i.imgur.com/YUE9dmb.png


Support levels are $923, $965, and $1006.  I assume most of the dump ammo is gone and it will probably hold around $965 then gradually move back to $1015-$1020 range over time.

The Chinese yuan surged against the U.S. dollar for the second day running, spurring a broad rise for Asian currencies on Thursday after a dovish set of minutes from the Federal Reserve overnight led traders to temper expectations of higher U.S. interest rates this year.

The dollar depreciated 1.0% against the yuan in offshore markets, at one point reaching a two-month low of 6.7845, extending Wednesday’s decline that was likely the result of yuan buying in the offshore market by Chinese state-owned enterprises. It sank 1.3% against the Japanese yen, which was recently trading at 115.8370, and lost 1.1% against the New Taiwan dollar.

The dollar’s dive represents a partial reversal of the currency’s strengthening since Donald Trump’s victory in the U.S. presidential election in early November. Markets had been betting that Mr. Trump’s economic plans would stoke higher inflation in the U.S., causing the Fed to raise rates quicker than previously expected. The dollar’s initial slide on Thursday came after the Fed suggested in the minutes of its December meeting that the currency’s recent strength could in fact slow the pace at which it raises rates.

The Fed noted that “a further strengthening in the dollar could lead to tighter financial conditions that restrain economic activity and inflation—a key downside risk,” economists from Oxford Economics wrote in a research report. “In this light, we see the Fed hiking rates just twice this year and waiting until June to engineer the next rate hike.”

The dollar took a further leg down around lunchtime trading in Asia, as markets digested the latest evidence of China’s increased efforts to stem the yuan’s recent weakness.

The cost of borrowing the Chinese currency in Hong Kong, the world’s major center for offshore yuan trading, rocketed to 38.335% on Thursday, the highest level since a record set almost a year ago. The rate’s surge was taken as a further sign of Beijing’s efforts to make it expensive for speculators to bet on a falling yuan. “Higher funding rates for the offshore yuan have sent a message to the markets and created spillover effects on the rest of the region,” said Roy Teo, senior foreign-exchange strategist at ABN Amro in Singapore. Strength in the yuan typically lifts currencies of countries neighboring China, many of which conduct most of their trade with Asia’s largest economy.

New reporting requirements on foreign-exchange transactions by Chinese citizens, as well as adjustments to the basket of currencies the People’s Bank of China uses to determine the currency’s value, had already encouraged expectations the yuan could strengthen in recent days, Mr. Teo said.

“The Chinese authorities are doing their best to stabilize the renminbi over the short term and discourage Chinese citizens from buying foreign exchange,” said Heng Koon How, a senior forex strategist at Credit Suisse.

The dollar’s sudden move lower in the middle of Asian trading hours caught traders off-guard.

“We are seeing short-term traders in the market out to take profits,” said Stephen Innes, head of trading in Asia for forex broker Oanda. “Those with long-dollar positions should stay firm.”

The U.S. dollar also dropped 0.9% against the Korean won, which was recently trading at 1183.6100, and against the Indonesian rupiah, falling 0.9% to 13332.00. Asian equities largely continued their start-of-year strength Thursday even as the U.S. dollar fell. The Nikkei Stock Average finished down 0.4%, paring just a bit of Wednesday’s 2.5% jump in that market’s opening session of 2017. But if the yen’s gain versus the dollar is sustained in U.S. trading Thursday, it is liable to weigh on Japan stocks Friday.

The Shanghai Composite Index rose 0.2%. The yuan’s rebound the past two sessions “will alleviate the outflow pressure,” said Margaret Yang, market analyst at CMC. “That is a positive factor to the domestic equity market.”

South Korea’s Kospi stock index fell 0.2%, while gains were logged in many other markets, with Australia’s S&P/ASX 200 climbing 0.3% and Hong Kong’s Hang Seng Index jumping 1.5% to post its biggest gain since Nov. 10. In Australia, energy stocks were among high risers after oil prices soared overnight, despite crude prices drifting slightly lower in Asian trade. —Willa Plank contributed to this article.

I'm scared because price Bitcoin down, I do not know what to do with Bitcoin at this time :'(

I'm scared because price Bitcoin down, I do not know what to do with Bitcoin at this time :'(

Easier said than done, I feel tense and worried. If Bitcoin prices continued to decline, I will lose a lot of money

just relax and ride it out, there is no reason for this to do anything except make more money for people

You guys he's scared out of his mind, and you're telling him to buy more, lol.

What are we supposed to do? We make money when he buys more. I don't give a shit if he loses money as long as I profit. LOL

I'm scared because price Bitcoin down, I do not know what to do with Bitcoin at this time :'(

Where do you think the floor is at if not where we're at now ~$950?

You seem like a nice kid so I'll give you the only honest answer you will ever get on this forum.


My crystal ball is in the dry cleaners until Friday. How the fuck am I supposed to know? LOL 

You said we make money when he buys more, implying the price hasn't hit the floor yet.

We make money when he buys more.

I'm scared because price Bitcoin down, I do not know what to do with Bitcoin at this time :'(

You make nothing, until You sell out with a profit.

I would suggest all to hold your BTC and don't sell it . It won't go below 900 dollars but it will go up again for sure :) So be patient and don't sell it off and regret later . Good luck all. Always remember holding BTC is the best investment :)

another buying opportunity for Chinese investors who will be sleeping right now

Yes sudden unexpected fluctuations are most common with bitcoin prices, I guess this sudden fall was just due to a dump from bitcoin whale. But this must be another buying opportunity for Chinese investors who will be sleeping right now and will be getting ready for tomorrow's action.

I read that already China has bought 5 million bitcoins in this rally compared to just 50k bitcoins bought in USD. So they will never let their investment go waste, they will keep on pumping for the sake of their earlier investments.

Personally, I speculate bitcoin prices are heading towards $2000. Let us hope, watch and will enjoy if not get panic.

I'm scared because price Bitcoin down, I do not know what to do with Bitcoin at this time :'(

Longs got crushed just below the Bitcorn ultimate ATHs in USD (1163 on Stamp and 1175 Finex).  It seems totally expected given the quick price rise of the last week coupled with the euphoria of approaching ATH, people went margin long.  Some whale(s) simply took advantage and made a killing.

IMO we will be back over 1k USD in a day or two and the Honey Badger will continue to do what it does best.

Buy a little more. 

I am pleased that it pulled back.  It will let me continue building my position below $1000.

I expect the price to chop around for several weeks.  This is normal behavior for a financial asset.

I expect it to be significantly higher in 2-3 years.

I'm scared because price Bitcoin down, I do not know what to do with Bitcoin at this time :'(

well, we are not even back to the previous price support level yet. and even with the drop which looks big to you, it is still not big enough to bring the price back to $780 which was the price before this massive rise and that is a good sign. and if the resistance at $800-850 holds and becomes strong you can expect a rise right after this resistance is formed.

I'm scared because price Bitcoin down, I do not know what to do with Bitcoin at this time :'(

Well ive been watching chart since yesterday 9 am, day and night for more the 24 hours ago, i see a trender to sell and a lot of price rejection to buy, so i feel like it got room enought to touch as low as 670€, as it touched 760€ early this morning, before Sell price rejection appear agai and prices climb up again..

Who's in the long run is pretty much satisfied...

WOW, and who are those misterious people?
Maniacs, who hope the exchange rate about $100.000. ?

they are still in profit

I'd advise everyone to stay calm and don't panic. Even with the recent drops the price is still on the rise and much larger drops are needed to break the bullish trend.
For now, it seems to be a correction due to unsustainable growth after New Year's to me and it looks a bit more realistic now. It was vertical before this correction, it couldn't have gone on forever ;D

https://s30.postimg.org/rbfehjhcx/Untitled_2.jpg

I can easily see BTC reaching 2k in the near future and beyond.  

I'm scared because price Bitcoin down, I do not know what to do with Bitcoin at this time :'(

if you are scared of the possibility that bitcoin might drop again , so why don't you convert your bitcoin into fiat right now . actually you don't have to be scared about that because you are in an investment aren't you ? and because you're in an investment you should understand the risk of having your money in bitcoin . all you need to do is to be prepared of what will happen in the next few months and just expect the unexpected .

When you're scared is the time to buy. According to Warren Buffett. Make of it what you will.