Bitcoin Forum

In a price range such as this I was curious how most of you hold/trade your asset. Such as just hold and never sell, position trade based on price and or swap currencies through an exchange for another and or cash out.

There is no way i am selling at this price or even at $1100,  Bitcoin is worth far more, and i believe in 10 years we will look back at these prices and wish we had bought more.  I will either be a rich man or bitcoin is bust in 10 years  ;D

Yes, Just only 9 days , Bitcoin has decrease nearly 400$. It's really not normal. we only know that China will give out some rules to control bitcoin and They don't want foreign currency to go out of china. That's it.

In time tho with wider adopition off bitcoin the china news effect will become less.  Its like a bitcoin virus (china cold)  Bitcoin will become immune in time.   ;D

We might end up testing $220... Planning on buying a min of 3 BTC at $250 usd.

Not going to happen, if anything we will settle were we where in late Nov, just below $600.  Although i guess you might be being sarcastic, i hope so  ;D

it will not go below $250 that too low. but sure would be a good time to buy so before it even go below 600, people will be buying more BTC to take the opportunity to earn when it hit 1000USD again. its constantly growing every now and then so its a sure investment for real believers.

It is pretty sick but that is how the market goes, it can on one day get as low as 750 dollar or even crash fully its just how the markets goes, you can see all these pump and dumps very time.

you are only noticing the bad things, you forget about the rise from $700 to $1160, that is also significant, i see the alue now is again at what it was before the pump or slightly above

i highly doubt we are ehading lower than $700 went he pump started, this last pump was unsustainable it was expected to be dumped

Alas.. I am not being sarcastic :S.. Fear could push people to sell to cover potentially losing everything.

I will profit off of that fear.

The price crash is huge, I believethose selling are people that enter the market around $800-$1000 range, though I'm very surprise that PBOC pronouncement  have this impact on the price.

Famous words "back the f*cking truck up" or "don't be sore, buy some more".

I'm a long term guy so for me it's an opportunity to bitcoin cost average, buying on the dips provides you a consistent lower cost basis from which to make substantial gains.

There are bad and good days in exchanges trading. Bitcoin is a currency and not only an asset as many people see it. Now many people are in panic and cry that is a crash and are the same people few days ago screaming "sky rocket", "to the moon" "$2000 in the end of the month" and so on. I strongly believe that even now bitcoin is a safe haven. Markets were expecting a major correction. The way I see it, if anyone has fiat money to afford and bought at $900, $1000 or higher this is a chance to buy more bitcoins in order to trade off with the loss.  

I just missed the chance to sell a small amount of bitcoin while it was at the highest price in the recent years, this because I hoped that the price of bitcoin will be much higher but got disappointed so I will hold for a longer time now.

A lot of good replies, as with most investments every one has their own style that fits them. I also agree with most in the next couple of years BTC will most likely be 3 to 4 x where its trading now. Also BTC is the king of crypto currency and we can see as it goes down the others seem to follow. Its still to early to tell in this price range where support and resistance are. It mostly effected by world wide economics so a trading strategy has to include that as the main variable. 

Some including me see 100% gain in an investment and start easing out in portions only to reinvest at a later date. 

Thanks for the input!

I bought some when it was up at whatever price it was a week ago and no doubt i will buy some at the price its at now. I still beleive it will be worth far more than it is currently. The price fopr now will just be swings and roundabouts though, I see no reason why it cant pump hard very soon but even if it doesnt then we are sitting at a good price.

Well.... that drop is actually totally normal for bitcoin. It has dropped like that many times before.

Yes it was also a good way, always buy when the price drops then hold it, and when the price goes up will get many profits. But if I still hold some of the bitcoin remainder of the results of the signature campaign, I will buy when the price is really under and I will do buy. Because I think if you do buy when the price is below it cheaper so when prices rise will certainly get a big profit.

bitcoin price is crash
and very bad down price, because over 30% is down price
i think bitcoin price is down, because dollar down price too

what i do is not based on times like this, i bought when price was low at $200 then sold a small portion when price had its first rapid rise and then bought back more bitcoin because i had profit.

then waited for another rapid rise and i did the same thing and bought back again.

after doing this a couple of times i now posses lots of bitcoin that i never though i could have.

and this rise was no different, i only sold a small portion on $1100 and i have been buying back at different levels and mostly at the 750-800 dollar range because of it being the bottom.

This is the good strategy of doing trading with the bitcoin holding, like this you can increase the quantity of bitcoin and this way the price of the purchase is also lowered. And if bitcoin trades in this range for some time then it will be very good for next bull run

Good strategy, and very nicely done. It require a big portion of luck and even bigger portion of courage :D
I still dont feel comfortable doing that, but I gotta try it with small amount, not much to lose I guess. Bitcoin is excellent for that, its volatility is great, even without this China pump and dump has good range on daily basis.

Thats a good idea. Just believe in Bitcoin and im sure that Bitcoin price is going up again in the 2nd quarter of this year.Just hold   Bitcoins.

If you are going to wait till it drops to $200 I'm afraid you gonna wait for a long time, maybe it will never reach that price again (I certainly hope so). Some media make this China happening  a big deal, I think its good news for the long term. It made me panic at firs talso, but I didnt sell anything, and I dont intend to.

I think sooner or later the price of bitcoin will stop down, I think this happened because a lot of people who panic and sell their bitcoin sequentially due to a decrease in price very quickly. I'm sure this will soon stop. and will go up, so be prepared to dump

If you have applied this strategy on the recent pump then lukcy you, I didn't do the same thing unfrotunately but it is a good lesson that if you have a profit on something don't wait to get more and more profit because like now there is no profit to sell the bitcoins.

I honestly don't think that it will never drop to that level - I imagine even the black market users would be buying like crazy at any price below $400-500, and that would keep the price from dropping as low as the 200s.

But you never know, if it does go that low I will be buying like crazy, (even though most of my coins were bought at roughly 10% of that price). I haven't been buying many recently, I think I bought a single coin at around $500 during that May 2014 bulltrap, just because I had some spare cash and felt the market was on it's way up. I don't have any cash to buy more now, and it seems like a silly idea to increase my dollar average price by risking a lot of money for a small percentage of 1 BTC, when I have a few tucked away for when I need them.

Just wish I'd saved and bought more when they were $20 each. Hindsight's a bitch, but at least I have some tucked away on a trezor for when I need them!

My guess is a consolidation around this area for a week or so, the mid 700s, and then either a pullback into the 800s or a drop to around 680ish, with a longer consolidation before another increase in price. I'd put the odds at around 50%/30% respectively for the two scenarios.

I'd say the odds of going below $600 are low, 20% perhaps. But if it does, then it could go a lot lower and there will be blood in the streets (and my credit card limit will be withdrawn and spent on the cheap coins!)

This is one of the reason while bitcoin does really decrease its price and the most obvious thing that the cause of decrease even more because of panic selling not only on big accumulators but also to some investors of bitcoin.It does really affect when they saw bitcoin price drop immensely then they sell off the coins to cut losses.

In a very short time everything took place without giving time for users as well the people involved with bitcoin to make changes to overcome the situation. This is great defeat for users involved with bitcoin into their businesses as well traders. Right now the panic might have increased.

for those people who have planned to hold bitcoin for really long time they will stay calm
but for a trader like me it's a little bit confusing
the current situation basically have predicted after skyrocketing there will be a correction
but i don't expect as low as $700 or so , it should have 10 to 15 percent dropped max from $1,100.

Theoretically $200 per coin is not impossible, but it is very unlikely. It can only happen, if either the United States or the European Union declare the possession of Bitcoins a criminal offense.

Bitcoin price fall down around $350 is a sign to buy more of course, I'm not going to sell but keep saving.
Agree if bitcoin increases are inevitable because it's created that way, the price continue to decline but in mid year, we will have great pump again.
Look at the charts, it has those fluctuate pattern almost same every year.

The price deflation is very significant and I lost a big amount when the value fell down. I lost hundreds of dollars due to the inflation. But am I worried I am not. And what is my strategy to win back my losses, nothing. I just for another price increase in the market until finally I will recover my losses and win back my profit. For now the best strategy is just to wait.

This might be really good way to earn large amount of profit just in short time but actually, it just depends on your luckiness, fortunately, that he can sell the bitcoin at the right price and could make profit out of it from the recent price decreasing while some people may, unfortunately, can't take advantage of the significant price changing. If doing this one was that easy then maybe i might have been earning so many bitcoin right now.

If I have time, I will not go for hold and never sell it is much profitable to trade since bitcoin is volatile . Those who sell their bitcoins because of the price decrease are the ones you can call panic sellers . Why would you sell it at a low price when you can just wait a few months or so for its price to increase . Though there is no guarantee that it will, Since you have taken the risk to join this kkind of community then you should also do the same like this time cause the chances that it will increase is pretty decent enough to just hold or buy more .

bitcoin prices down so fast. You must have the feeling that is sensitive to the price if you're looking to profit from it. hold bitcoin in a very long time, when the price goes up to high, can make at a loss, as it is today. Well, the people who are late to sell his bitcoin, may feel aggrieved. Well, the price of bitcoin is so exhibited significantly

It has been a really volatile week for bitcoin, but that doesn't mean that bitcoin will not rise anymore.
We all know as a bitcoin user the reason thereof, it is very simple if you need the money then you are free to get it, if not then you just have to wait few months 'till its price to rise again.

The long term tendency remains. watch any weekly chart and you'll see how bitcoin price has increased steadily for the last 3 years.  these kind of movements are expected.

Its a big loss of value into a short period, but once again halving price were 500-600 dollars people believed that bitcoin reached 800 and 900 dollars and even the 1100 dollars worth without any reason behind, soo whales or big miners pushed the price up and were dropping all days a bit of their bitcoins, now they are able to buy almost 50% more bitcoin with the same money they had. This is a big game that the most cant afford and wont know when will start or stop, but as long you are in you can survive.

Just hodling. Anything different makes no sense. Bitcoin is the best available form of money out there. Exchanging it for fiat feels like doing the dumbest trade of the century.

The purchasing power of Bitcoin can only increase, because there is no limitless inflation. All fiat currencies will be inflated to death.

I decided to sell my bitcoin because of the price i want to hold them but since the price is still decreasing i need to decide, I don't want to invest my bitcoin i already sold them because i need some funds for my financial problem. If you think bitcoin will be continuously decreasing cash it now like me,

I like your resolution and even your decision because the quality of a decision is not in the decision itself but the outcome of such decision which will be the deciding factor. And youre ready for the outcome which is the best thing.

The gap is much more significant and for a short term trader who bought  a day before the burst, will definitely be at a high loss which is quite unfortunate. But I am also optimistic that the recovery is around the corner and its going to happen soon...

I wish you were right. I hope Bitcoin will return to $1,100 soon and then it will stabilze there. And I really think people shouldn't sell at $750 or at anything lower than $1,000. Have some faith in Bitcoin, guys, it will rise again.

Well personal opinion matters, you can't feed them if they go hungry.  So I guess it is up to the holder if he needs to cash it out or hold.  People with extra money won't mind, but people who have just enough have a tendency to sell them of fearing it might become worthless.  I will hold if it is asking about my action.  It is too cheap to sell Bitcoin @ the current market price.

Really now it is not right to sell bitcoin because very soon the price of bitcoin will rise, these things are very common in trading there will ups and down common, right now it is better to hold bitcoin until the price reaches to 1100$ again. The only thing here is you need to wait patiently and watch the bitcoin market carefully.

Buy buy buy, don't hesitate my friends and buy with trust to each other, if we always continue to buy when price goes down then we could potentially grab the manipulators coins and leave them empty handed, let the weak hands and big whales dump on us and we shouldn't really back down now that is important to be more supportive towards bitcoin, buy buy buy.

I think that the sudden increase of bitcoin price needed a correction.
Otherwise the bubble building process would go too high, and the consequences not good for bitcoin.
The way it went now, I think it was acceptable.
At the moment we are at a price level where we wer before the increase, and that's a realistic price for bitcoin.
The steady long term increase is not in danger.

I believe many people think that these changes are actually quite minor, fluctuations if we compare them with the price of bitcoin in a few years. That's why some people panic and sell everything they have but many people keep calm and wait for the better future. As for me, I think the price doesn't matter much and we have to sell btc anytime we need money. If we don't then fine, we can just wait till it reaches its peak which is certainly not $1300. Does saving really makes sense if you don't have plans on your money? I don't think so.

If you know bitcoin must know even that is very capricious. So this movements of value are almost normal for it. Maybe not so deep change but we are near of the normal movements of it. As such, every bitcoiner, do that which needed to do: HODL.

Sure the price has dropped quite too much than our expectation, but at the end of the day it had to happen, because we all know if something goes high too early it will come down earlier, but still i wont sell my coins at all right now, i believe we can cross the all time high again in this year, and until that happens i will keep earning and storing.

People are so close minded, just 2 weeks ago all they could see was the increase in price and now all they are seeing is the decreasing value. Think about it, a month ago $700 would have been a normal price to you and now it's $700 again and you are all sad that the value has dropped. If you're afraid then sell, I haven't sold mine at $500 and I won't do it at $700 it's much too early. The final price is going to be over $1000, you'll see.

Not only the Bitcoin price is volatile, but the moods of all these rookies here as well. One day they think the price will break through $2000, and the other day people think it will reach $400-$500 again. Current price is still fantastic. I have said a while ago that I was very happy with the price to remain above the $700 level, and I'm still supporting that thought. Everything above that number is seen as a bonus.

Yes agree with you $700 is correct price for get in Bitcoin investment but there is still fear in peoples that price may drop more then they are expecting they generally think that Bitcoin is completely unpredictable.  

Exactly, the long term tendency is steady. Im sure it will go up.
Short problem delivered form china is nothing.
Keep hodl, keep calm.

I will agree with you that most here would do that and hold the shit out of that until they die of waiting for them to reach $1200 again.
Which won't happen in their live time. Maybe their grand kids but by that time bitcoin will not be around anymore. They will be living in a society that takes blood (infection free) or livers for what you owe for your house and what you live off of.

Indeed but most likely it will go soon or later to a higher price, we just need some patience for it right now.

I think that we can wait on this price, I also think that we can reach it fast so I stay just patient right now.

 This decrease in fast and totally unexpected price! What are the reasons that led to the rapid decline in the price in your opinions?

but nonetheless although you see the price rise in three years. decline in prices that occurred at this time really makes a lot of losers. I'm sure many users are panicked. due to rapid price declines

Haven't you heard the news? Decline was caused by Chinese Central Bank/Government which is trying to curb bitcoin trading to prevent Chinese citizens to transfer wealth outside the country.
Delegations from Central Bank are visiting major exchanges and forcing them to impose AML/KYC on their customers.

I believe firmly that one day we'll see bitcoin past $10,000. I've had BTC since 2011, didn't sell after the 27 of November 2013 breaking point (+$1,000), and didn't sell on December/early January this year. I don't think I'll sell it in the next 10 years unless I really need it.

This is only a common thing  that happens to bitcoin,when bitcoin starts to climb up the next thing that will happen is going down. Vice versa. The best thing to do when the price starts to drop is hold and never sell.

Its because of FUDsters. Spreading negative news that lead to panic selling of traders specially on China. Traders are very sensitive. They are buying negative than positive. Lately we saw a news came from China that they will going to investigate all btc exchange due to unbelievable volume that really affects the price. It cause massive panic to the traders that cause the price to drop down to $750+. I saw the chart and it look strange.

Unfortunately for us HODLing, traders are very speculative and sell/buy on a whim. Right now is the time that traders love because of the volatility up and down. $1100 to $750 is a huge drop, but we haven't had a bear market in so long that people around here forget that it's totally normal for this to happen. The price won't shoot up forever, sometimes it'll drop. I'm expecting it to go back up so I HODL.

Anyone who has been around for more than a few months can tell this was just a temporary setback.
Now that the gloom and doom is over, the price will stabilize and slowly go back up towards $1000.

Right now is probably a great time to invest in some extra coins if you can, actually.
I'll be putting any extra cash I have into Bitcoin until the winter is over. Hopefully by summer I'm rewarded for the savings/ investment I do during the cold months.

it was inevitable that the price of bitcoins would crash to such an extend but still selling them to an amount would be too foolish and i would recommend you to wait for another 5 to 7 years  ,the price will be too high and you will be happy to  sell them.

Yes the decreased more than 27℅ only a week. I think this has related with the Chinese New Year, we all know that the largest users of bitcoin is from china, when they need a lot of money to celebrate the new year of course they would sell everything, including bitcoin.

I hope btc price will not fall below $700. It mainly occured due to policies made by PBOC. They just wanted to save yuan price from falling. It created a dramatic change in price within 2 weeks. It is the best time to buy bitcoins who want to hold in long terms. Surely, its price would increase much higher in future due to its increase in demand as more people are getting familiar about bitcoins.

The same happened in 2013 as well. After BTC hit $1,000 per coin, there was some bad news from China, and the exchange rates collapsed. The rates never recovered, as the Mt Gox scandal occurred after two months.

Well i think long time bitcoin users already saw this coming and of course, agressive experienced traders base their selling on how the price moves. And for me, since i'm not yet that experienced and confident about my trading, i'll hold on to the btc's that i currently have right now. And with the drop, i think its also a good time to buy a couple of more btc's to hold on to.

The move is obviously significant, it is a $350 move!  It makes me think that we may not see an old style bubble of epic proportions again, this was more of a mini-bubble.
I sold a few coins, but missed the top. I don't day trade but I have been holding since about $250, so was ready to take some profit if I felt the price was rising too fast.

The big crash from 1100 to 900 in 1h was crazy and made me want to cash out some. Volatility is one thing, but seeing a 20% swing in minutes is another. It made me wonder that if China ever did really ban Bitcoin (not impossible) then what would happen to the price?

Anyway, I am hoping for the price rise that has been going on for 6 months will continue now that the mini-bubble is over. If the price goes down significantly more, I might look to buy some more (sub$500)

I would say that while the drop in price is definitely significant, it's also somewhat founded on FUD and exaggerated news from China.
If you take that into account, this is just temporary.

$770 to $810 for the last 12 hours that's what I see in preev and it may stay at that level for the next few days but hey this is Bitcoin, party time is not over yet. We did not anticipate the ATH of $1200+ and it may happen again. Hold if you still have coins with you.

Not as significant as last years rally, from 200$ going up 1150$. It will be more significant if the price goes down so fast and so deep,from 1150$ to 100$. But its too impossible to happen right now cause bitcoin bounces back again.

I can not sell my Bitcoin due to some several reasons so I decide to keep those Bitcoin instead of selling them. although the price has dropped lower thab $800, Bitcoin will absolutely increase again. Since right now is almost Chinese new year, most of Chinese investors would sell their Bitcoin.That's why I think there ia no reason to be panic. Be patient with Bitcoin and you will be rich

It was an speculation bubble that is it. The price of bitcoin is more or less where it was before the bubble so this was a manufactured bubble by those that wanted to cash out some of their coins. They created the bubble to being able to cash out and earn money in the process.

Those who have been around for some time, know that it is common, there is a high, whales begin a dump and there is a panic sell. The important thing is to always think in the long run, dump is an opportunity to buy more. As someone said, we will probably look back and wish to buy more in a few years from now.

I missed the price updates before the Christmas day ends until January 12 and I was shocked seeing that the value has been already decreased. It's okay at least I still have my coins in my wallet, I am hoping that this continues falling down will change to increasing again.

I think it's really hard for bitcoin to restore its price until $1100 again or even surpasses it, as someone said that bitcoin price when it just reached $1100 is overbought and will eventually finding its stable point when people have made a decision to sell their bitcoin massly and it's proven to be happened and the price was decreasing in just short amount of time.

I'm sure there were a lot of people somewhat deflated by how quickly bitcoin slid back down the $1000 slope but this will be tempered by the opportunity to buy even more at today's relatively good prices.

I'm still a good three months away from being in a position to purchase my first bitcoin... so a part of me hopes for even lower prices by April.

I know I'm not alone among long-term holders too!

indeed it is significant but do not forget too that people also already get big profit too when bitcoin price at range $1100 and i must says that when the price down faster i do a part of panic selling even i didn't sells all of my bitcoin but i decide to cutting my losses but currently i'm buying back and still hold to wait my target price

when the price is drop until $8xx, i see the panic sell is happen in the market and it cause the price of bitcoin getting more down until reach $7xx but now the price is back into $8xx and i hope that the price will be back into $1000 soon. i think people is not playing for long term but they are playing in short term and i think this is why the panic selling is happen and it makes the price to go down.

Yep, this price drop is significant. It signifies that this is a great time to buy more coin, at more than 30% off! I bought at $720, and now the price is upwards of $820, in a matter of days.

Bitcoin is grotesquely undervalued, and since the price to create a Bitcoin currently is around the high 600s or the low 700s, the price can't get any lower.

This is the same strategy I use when buying a particular stock for long term. I may wait on a bad day in the market then accumulate. BTC will become less volatile in the coming years and I am looking forward to that.   

If it gets less volatile means the times for big gains would be over. You either want big gains or you want less volatility...

I don't see BTC becoming stable until it's around 100K per coin. We would need a trillionaire market cap in order to avoid the big ins and outs of money from the system. Anything less than a trillion marketcap is prone to big swings.

There are only 21M bitcoins

While right now the number is even less than that. If the price will ever be around 100K dollars per coin, how many bitcoins will be traded then? The market will be razor thin in this case, and you will see even more mind-boggling price swings both in relative and absolute terms. If you understand how price is shaped in such a market, you can't possibly come to any other conclusion. For the big ins and outs you refer to you would need by far fewer coins than you need right now in order to move the market at the same percentage

With the price reaching 1100$ people who were satisfied with price and decided to sell their bitcoin are now able to buy twice as much as they had considering how much it went down significantly in a short amount of time, as for the ones that didn’t take that opportunity have the chance to buy it at a lower prices.

Well said - discount.
Many panicked when they saw such a discount.
But this is not about us, because we are wise people and know when to buy Bitcoins, and when to sell.

I think it is always goo to buy bitcoins but partially if you seen that the price is increase high you can sell just percentage of your bitcoin so that you can not be lose in the near future.. if you are a trader you can do this and apply it your working methods honestly but still depends if what you are holding..

I have decided I am a buyer up to $1,000 at this time. In a few months I can take another look at the BTC market and world economic conditions. 

In fact it was a great opportunity to make a profit. The price was at a very high level, and it was possible, with due analysis, to predict that the crash could happen, but I think the OP refers mainly to the fact that the price decline occurred very quickly, I think a lot of people were surprised to see that the price had changed so drastically the next day.

I don't think it's that significant. People should have seen this coming. What goes up goes down.

Did people really think that BTC will just skyrocket to 1 million $ without any corrections?

Bitcoin first reached 470$, then it went up to 800 suddenly. That was an unstable price level. But it got pumped higher. That was already extremely overpriced, and anyone with half a brain should have sold there.

And now it corrected it to 815$, which is pretty much where it came from. Although the previous 800 level was very unstable, and it could have gone back down to a stable 470$.

Now it may still go lowere, I  dont know. What I do know is that the current price is more stable than the >1000$ levels, but I dont think it is that safe to buy now in my opinion.


So people can trade it any way they want. But for buying, I think it's only good after the correction is finished, and price momentum is exhausted.

I think all users bitcoin shocked and surprised by the bitcoin prices are rising very fast. including me. Fortunately I managed to sell bitcoinku the time, so now time for me to dump and wait for prices to go up

Call it sla bubble if you want but in reality it's closer to a bull run, although there must have been some attempts to manipulate the market. Large players certainly dumped some coins on people believing in a long uptrend.

It will take some time probably months, and yes it was a bubble as other say it.  The rapid increase in price of Bitcoin this past Christmas to New Year created a minor bubble then resulting in rapid decline in price in the next week.  At least Bitcoin is stable now at $790 - $830, I was worried that it might go down to sub $600 when the continue fall of Bitcoin from $1000+ to sub $800 happen.

Others are shocked and believe that bitcoin will go drop fast thats why others sell all the btc they were holding to think they can get profit before its too late for them. But other holders still believes in bitcoin,and waiting for that moment to release them all.

It's just simply annoying when the correction after skyrocketing way too deep
We should stay at least in $850 after hitting the $1150 or so
And keep growing after , unfortunately the fact recently it shows how the price could possible down deeper
Everyone worry about it no doubt, so panic selling will still happened.

I think panic selling have passed couple days ago. Bitcoin seems going to rise and as I see it's price doesn't going under 800$ for some days. And I hope bitcoin will continue to add dollars to it's price day by day.

How can you say panic selling ended?  Its not ended they are only resting and waiting for a signal to sell them all again, for now lets enjoy the price cause bitcoin did go too deep aftet that panic selling you was saying.

It was not panic selling, but more like a small correction due to profit booking. Many of those who purchased their coins for $250 per coin decided to sell a part of their holdings. That phase is over now.

That was not a small correction by any means

The price basically went down to its baseline level below 800 dollars from where it had started its recent rally. I'd rather say it was a typical pump-and-dump scheme (we can safely assume that now). And this "correction" is hardly over yet. We are mostly trading sideways right now, but as to me, the chances of going lower eventually (say, to lower 700s) are higher than the chances of going higher. People are scared and seem to be more willing to sell than buy these days. The market sentiment is clearly bearish presently

very significant, this looks like a coin embarrassing and newly launched in the market. with this incident, I will sell the entire bitcoin I had when reaching the highest price and the indicated will go down. but now is a good time to buy again.

what is the exact reason that causing you saying " now is a good time to buy again" ? , the price is pretty unstable and whether the stable point is under this current rate or above no one of us know
I would prefer be more patience waiting for sometimes and see the right time rather than risking my money for nothing.

When this kind of price range definitely sellers take profit that is why it got down from 1100$ also the affect on news from China. That is why it got down back to 700$. Well time will tell us it will go back to 1000$ level if it will become a support for it.

Perhaps the price of 750$ is the bottom line which I predicted in this year. To boost the price , it needs more good news to attract more new investors to join . it seems some restrictions from china has effected on bitcoin increase. That is the reason why china still controls the price of bitcoin.

It is better to hold the coin for now, there is no reason to sell your coin unless you really need the money, bitcoin had come from 300$ to 750$ and ever reach 1000$, I think it will be more valuable in the future, so keeping bitcoin as investment is a great idea and if you got extra money, purchase some bitcoin at this rate surely going to make you earn profit in the future

There's absolutely no reason to think it was a correction. Since it is perfectly clear by now that the recent rally from 750 to 1,150 dollars was no more than a mighty pump followed by a severe dump. And just like the pump was very strong, we could just as well expect the dump to be no less stronger. It basically means that it is far from being done with. Markets always fool the majority of traders, be it sellers or buyers. Some may want to buy at current levels not expecting that the price might go lower, way lower at that, and they would end up stripped off of their money all over again...

This is not a Disney world, wtf

They maybe got to the point of having their money on fiat currency so, I guess panic buying is not that appropriate if this is the reason.
But they just want to spend their money now.

Looking pretty stable now holding around $800 last few days. I think we will see an uptrend this week

Well cheers to that dude and to us hoping that the trend would go back tonhow it was when the year started. I really had high hopes for this first quarter though im still optimistic that btc can still make it beyond 1k until march hopefully

If anything, the moment to buy some more might be right now, while the price is still on recovery mode. But be wary that the price might go down further to test support, although the chance of that happening would still depend on any news coming out, especially those from China. Optimism is a good thing but we should always manage our expectations and act accordingly when necessary.

plus $50 overnight thats a good start :)

This is a great start. I was surprised by this nice today. Price Bitcoin is restored. Who has not had time to buy Bitcoin few days ago, almost missed your chance.

Same here i was surprise too because bitcoins price is gradually increasing again since from the price dip on previous week which is really considered is the best time to buy bitcoin on cheaper price and you are right some people did really miss the chance on gaining profit on that opportunity.

What makes you think that bitcoin is like a newly launched coin just because it came down to $750 from $1100? We all knew that it can happen anytime, so we were almost ready for it, though we wanted it to keep going up as everyone wants that but it is the nature of bitcoin, it keeps fluctuating.

Yes, almost 900$ again, bitcoin is rising! 6.64% flutuation on price in the last 24 hours, very good. I think the price won't fall anymore, time to buy bitcoins and wait to sell it high. I don't understand why this is happen, as I thought the price wouldn't increase now.
But it's happening, I don't know why, but it's happening...

Notice Gold had a large pop this morning too +20 , when the stock market is in the red gold tends to sneak up some but I think with all the weekend chat with Trump at world leaders and Large companies has investors on edge again looking for other places to invest

It has been in the news recently

Just a few days ago Trump said in his WSJ interview that the US dollar got "too strong", also noting that the Chinese Yuan was "dropping like a rock" and the US companies can’t compete with the Chinese ones on the basis of the US dollar being too expensive at the moment. So it seems that people are taking his words for real and pouring their money into Bitcoin expecting rapid depreciation of the dollar in the nearest future

$900 boys !   Bitcoin Exchange Coinbase Receives New York BitLicense



http://www.coindesk.com/bitcoin-exchange-coinbase-receives-bitlicense/

Great news. Let's hope more people will transfer their savings into Bitcoin. It's over $900 already, people are buying like crazy. Heard somewhere Trump will support Bitcoin and now it looks like it's happening in a way. :)

Trump is here and March 11 is coming miniute by minute closer to have ETF decision and the feeling we have on this forum and the media around Bitcoin
is that we are going to have a YES on that...
The news of China ban etc have been used quite a lot and now they need something new i think.

So significant will be in my opinion the new level of more than #3000 / Btc in the next monts.

I remember also about some Silver and Gold companies that will stop receiving FIAT in the 2017 and will accept ONLY BTC. if someone can find this link will be very helpfull for me...

Amagi metals accepts BTC...  I dont know of one that only deals in crypto though

http://cryptomining-blog.com/tag/buy-gold-with-bitcoin/

Thank Gatorelf for the link,

But the statement was different. If i remember good i read this about 2014 or starting of 2015.
And the statement was that they will STOP accepting any kind of FIAT and will accept BTC (maybe also alts) as the only payment method for Gold and Silver.

It would be really nice to find that article i will now do a little search on the web. Who knows maybe i am lucky or someone here can find that for us.
if that happened or will happen in the near future you can understand the impact will have...

EDIT: i found coaex.com that have this on website:

Accepted Payment Methods

We only accept cryptocoins. That is one of the major factors for offering the best possible prices to our customers.

    Bitcoin (BTC)
    Litecoin (LTC)
    Dash (DASH)

The fact that they not have any telephone or address etc is little suspicious of course....

Congrats for having a big dream,now it is time to wake up since the price is recovering and has crossed $900 and around that range.The price will recover and cross $1000 in a couple of months and i know the price can jump anytime now since even today the price of Bitcoin is Up Over $50.

I also want to save my bitcoins , but for now I cannot do that. because I need to fulfill my daily needs and school needs where I live myself far from my family.

I hope I also can save my bitcoin in the near future so I can get profit from it.

I hope so to bud just make sure to finish school and be with family thats always worth more than BTC will be...   all the best !

You're right about it, bitcoin is worth more than $750 or $1100 as time goes on it keep increasing.
Buy and saving huge amount on cold storage and never look back until 10 years later and then boom.
Bitcoin won't ever vanish instead of always developing, we have big team of developers, miners and users here to support bitcoin.

bitcoin prices back up towards $ 900. who previously dropped out of the price of $ 850. I think this is a positive thing for bitcoin, I see the volume back up. and very likely after this the price will rise as much in demand in the market bitcoin

I regret having sold 1.5 BTC at the price $780, that time I think that prices will continue to fall. And now the prices look stable in $900, nevertheless, I still get a good thing, because the time of the purchase price is $720 in October last year.

Greed and fear are always getting in the way of profits

If you are a generic trader and don't know any insider information (e.g. what biggest mining pools are going to do next) or fail-safe opportunities for making sure profits (e.g. through arbitrage). your only chance to survive while still continuing trading is to become a positional trader of sorts by selling a little on the tops and buying a little on the dips. Otherwise, you will soon be fooled by the market into a rash decision through either fear or greed and your money will end up in someone else's pocket

Seeing on the situation you are still on profits but only on small amount only but its better rather than on having negative profits.You just made the right decision though but it still a little bit late because bitcoin price rose $1100 which is the best time to sell off their bitcoin.Yes,we are now heading up again on higher prices.

Great! So this is an example of good news from the United States neutralizing the bad news from China? That should be the case, ideally. After all, the trade volumes from China are always inflated (due to zero fees).

I think it can not regret, everyone should be ready with all the possibilities that exist, bitcoin fluctuate and you should know it. if you want a higher price you have to be prepared to be patient for a long time

This is something called investment strategy. Everyone has different from the other. It makes one a successful investor while other a not.
Everyone will has different opinion towards this question. I believe there is no good to sell or exchange for other currencies seeing little increase in value. Such panic selling depreciate the value of Bitcoin again. Hold your investment as long as you can.
"Warren Buffett is holding his shares from 1964, now he is 3rd most richest person on Earth, don't know about space".  ;D

yep, have to say i haven't sold any although I used some to purchase collectibles here as it was the only acceptable currency. Been buying under 900 and will most likely continue up to $1,000 in 2017

Also bought in 2016 loaded physical coins when BTC was under $600 as a duel long term investment   

The investors who focuses more on long term investment will most likely be the successful, the price will go crazy like the pump and dump game but there is one thing that would make our mind stable, we just have to trust the future of bitcoin and along with our trust we put as much as we can.

good points but selling is not a bad thing necessarily. why you sell/spend the coins is more important.

for example selling when you feel like there is a bubble that is about to pop is a good idea, but as long as you are not doing it as a panic but as a well planned strategy. and then buy back when it is over and price is low enough.

or for example if you need the money that you invested to buy something. for instance i bought many coins when price was $220 and then again when it was $430 and i sold a little bit around $1000 because i needed some money. but in general i am buying bitcoin every week that i have money lying around.

I agree, but I guess people are buying in a purpose of taking a profit from the fluctuation of Bitcoin.  They want to take advantage of it but sadly most new comers were there because of hype ending up buying at the peak of the bubble and left with bitcoin when the bubble burst declining in price.  Being new to the scene they then panic sell with a lost.  They should hold their BTC and have wait till BTC recovered and uptrend in price.

It's just paused , once china market gone wild the panic selling will continue
It's always be like that , chinese try to conquer bitcoin world by its power of big player
I wish the panic selling really ended , but the fact that cina market like huobi keep dumped
It' indicated that they still in the game , don't know what they want , one thing for sure it's all about money.

not just the average Joe but there are Fund Managers buying and selling BTC now. They started coming in last year and will increase this year. Right now they can cause some volatility but as the market expands this will decrease.   

A huge amount of US dollars was lost and transferred out of CHina due to money laundering and it has negative impacts on Chinas Economy. Selling bitcoins in exchange for dollars will replenish their reserve and will stabilize their economy. CHina is very smart to get a huge volume of bitcoin and they will manipulate bitcoins price since they have the power to do that.

1100 $ is a big financial bubble. Every day is issued bitcoins to the amount of 1.5 million dollars. Who would redeemed such amount? I think that no one. Also, there some interesting theory, that chineese miners hadn't sold their bitcoins then price grew. And after this fact, it's very good that price doesn't goes down to the 500-600. in my opinion, that mean the fact that bitcoin bubble doesn't over)
Now we already have 866 dollars per BTC
Lol, sorry. 891 per 1 btc)

if you are talking about bitcoin then it is not a bubble, in fact that price is still considered a very cheap price for bitcoin, it is bitcoin at a huge discount. but the fact that it was reached nearly overnight made it look like a bubble and then came the drop.

you need to go to speculation board, and then click on one of the old pages. one of those number on top indicating page look at page 250-300 and you can see other people saying the same. but they are saying nobody will pay $20 for bitcoin. and today we laugh at those people.
so don't become a laughing joke of tomorrow :D

that is not a theory it is bullshit FUD. miners are selling their coins, because they have bills to pay. you know mining is neither free nor cheap and they are mostly "pools" which means they have other people who connect to their pool and have to pay them too.

besides you can easily check their wallets, it is publicly available to anybody who is not lazy.
and remember that coinbase transaction can only be spend when it reaches 100 maturity. (100 block deep)

Well I'm holding since the bitfinex crash even if i se it now I'm still in a profit but bitcoin is way more worth than 900$ i guess i probably only sell it when i need money in an emergency or maybe after 5-10 years but selling my bitcoins by this year will not happen for sure

Very good, its like a savings for you. This year has all the signs of becoming the best year yet for BTC in many areas which translate to a price increase. We all have our goals what we are willing to take at a future date mostly related to our age.

But i don't think it will make the bitcoin market affected too much
A down price might happened temporarily but  not for long time that can break everyone lives
Just don't be too optimistic about this you may can get hurt expecting something nothing.

Very true. Todays bitcoin prices are showing recovery from dropped price of $750.  In fact from that point, market has shown uppish trend so far.  It would be real interesting to observe effect of Trump becoming President of America.

+ $100 in a week and holding, impressive. The Trump effect ?  Still not sure on that but he definitely had an effect on the stock market hitting new highs across the board   :o

It's Trump or not but the BTC is over $900 now and it looks like it's not going to fall below that mark. I'm sorry for the people who were selling their coins at $750 thinking it will go even further down in the future.

It's a very hard thing, i mean the decision of the people who at that point sold.

Generel i am a holder and i want to sell after 5-10 years from now and at that time if it goes how i think i will not need to sell more than 4-5.

Maybe many many more if i have back my coins from gox....


But general i have one proposal that for me worked all the time until now. When you going to make a decision DO NOT read the chat or trollbox etc on the exchanges... you will 100% have lost....

Make your call and blaim yourself ONLY. you deserve to win or lost but i can't understand how people are getting emotional and make decisions according to what other people said at that time (that 99% are waiting with a buy order little down the road or getting paid to write panic words )

keep in mind people.

BTC has made it, we are here at 2017 and we are at $917 at posting time...

We have a future here. And this future will change Significant our lifes

No, I think you guys are searching for hypothetical reasons for this great increase. The great increase that led to 1000$+ could be linked to India and China for me, but this one is simply as everytime with a great increase in price a consecutive increase.

Trump has very little to do with forming of current bullish trend. US fiscal policy is not changed since he became a POTUS, dollar was and is it still weak.
Chinese traders are forging bitcoin price. It is simple that they realized that FUD about closing exchanges/banning bitcoin and introducing draconian laws is now over.

In point of fact I think you're right, those two countries have a very strong presence inside BTC, has been seen in the last days, but do not detract from any of the others because as soon as some start selling in large quantities of insurance another will buy the same amount, if not how it could be explained that it is already returning to the same levels at the beginning of the year, In the same way you can see that there is confidence at the moment because the price was expected to fall to lower levels, therefore it can also be a mishmash of various things, the truth is that until now  it would be better to observe price  in the long term, because it has happened that people believe that it will continue to rise in value in short time and nothing! sometimes happens that the price collapses in a few hours.

Looks like we will just stay sr current range for quite long time
Yeah around $800 to $950 , there is stagnant demand
Some people waiting for trump policy on economics field especially bitcoin
Wish whatever it is could bring more people to use / adopt bitcoin in their business.

compared to the usual drops after these run ups, it is not in any way significant.

I think you got it right but I don't believe it's all due to Trump, I'm pretty sure a lot of people sold their bitcoins after the first drop this January and that might be the reason it devalued further to $750 but it's relatively stable now and hovering around $900 seems pretty cool but I doubt any Trump effect.

Yeah no significance that bitcoin is going to be back at $750 from now. But what is happening now it makes me happy that the flooring price now is good at $900 and it is still gives me hope that the price of bitcoin is going to be back at $1,100. But while waiting for the price increase, somehow it bothers me if the price will go down.

Yeah somehow traders realized that the news about china's visit to the exchange is a positive sign and will have a good effect on the long run.  I also does not see that Trump has effect on Bitcoin, so far not yet.  It seems BTC is moving sideway now.  Is it possible that it will move up to $950 this week?

Yeah i don't think theres anything to worry about as currently btc is back to +900 and is now pretty consiatent at that range for a week now. There's been a lot of forecasts that btc may go beyond 1k again this first quarter so im not really concerned but im looking forward for that to happen

anyone who gets uncomfortable or uneasy with every change in the price, is not an stable person when it comes to money and for these type of people it is always better if they stay away from investment because they will end up losing money because of their emotions and lack of brainpower.

definitely, their mental is just not ready yet to face the risk and probably when they're going to join an investment or investing into such thing, they're just getting blinded by the profit they will probably have and don't give a shit about the risks,these kind of people always lose by the way

I dont see any thing that would affect the bitcoins price as of now even if those news are known. $950 would be reachable but we are now stabilizing on $890-920+ and prices do play on that range.I dont know on what would be the thing would make it to rise it again the same on the first week of 2017.

Yeah even I noticed that pump. Its just over the 900$ today. I hope the value will move to some peak amount again before this year ends. Will wait watch the value. I do not think the speculation works in btc value.

I think this mostly applies to people who are new to bitcoin and havent seen how fluctuations happened in the past. Its normal and i think we should just take the opportunity to buy btcs if the price drops again because definitely it will bounce back

Bitcoin value will increase always, thats for sure. Small dumps in price is of nothing to worry because in the end the price will continue to increase as the demand of bitcoins is increasing day by day.

In the long run, that's probably true. Now I'm curious about what events are pulling the price to values below the $ 900 range.

There are some individuals complaining on reddit about transaction confirmation delays, and pressing the community to support SegWit as consequence of it. I think this may also be related to interference from the Chinese government, in exchanges that don't charge trading fees. Both events are probably affecting the price...

I heavily disagree with this approach

Personally, I think it is normal for a novice to feel like that. Moreover, I think it is also normal to feel something like that even for a pro trader. The real difference consists in the fact that the pro trader knows that he will profit eventually (otherwise he wouldn't stick to this asset in the first place). So the same price change makes a novice trader fearful and scared but gives thrill and drive to a seasoned one. Really, if you build your trading strategy in such a way that any significant price change irrespective of its direction would yield you decent profits, you could only welcome these changes

Not significant but crazy, if this happens with the stock is certainly going to make a tremendous turmoil. The existence of this alleged that anyone could control prices bitcoin, so I advise you to never save the bitcoin too much.

This drop will not happen again, cause we already know what to do if bitcoin reach 200$ again,all of us will be buying ,and waiting for the price to pump up which is the best thing to do.

indeed i am agree with you, but if small dumps is happen, then people with less experience in trading will get panic and they can trigger bitcoin price to gets more down like we've seen before. but after the dumps, i am sure that there will be a pump so we can see the price will be back normal again.

There is no excuse for that, we have to be smart when we are investing and we must not just follow what majority will say as it could be wrong. Doing some research is necessary, that will convince us when making a right decision. When you panic, you don't trust bitcoin and you will be selling for a lose, when you lose, others buy a cheap bitcoins and they profit once it started to rise again.

We are just saying that the value of a certain altcoin may changed due to our economic change also. Like any other bitcoins, we should know what gonna happen, we must know what are the possibilities on it. We would think what will going to be, if we just want some money, we are going to invest a lot.

Because of the volume and the demand of bitcoin lots of investors sold out their bitcoin its panic of selling they know that bitcoin will trust into middle part of price. Yes im agree with you that never save too much bitcoin much more better if you sold them once the price is high.

Indeed, that is the practically the right thing to do and that is what I am doing now, daily trading. Since I am not rich and I need money to sustain my needs, basically I am selling my bitcoin when the price goes up and buy again and so on. But, sometime I do regret when I sold it  then the price of bitcoin continue to rise. ;(

Regrets would really be there since we dont have any idea if the price would continue to rise up or eventually goes back thats why when we saw that we are already on profits then we should not regret at all as long we are on green side. Bitcoin trading is profitable if you know on what you are doing.Bitcoin pricedrops is only a normal thing for me because of some circumtances but it would definitely goes back up.

I agree that those kind of levels might seem impossible now. Long before we reach those levels, moneybags will lap up bitcoins. Tim Draper might not have to wait for the next auction to buy bitcoins, if the price starts dropping.

We are all basically in the same boat

To alleviate possible regrets (which will always be there, just in case), simply don't sell everything. If the price reverts (i.e. falls back) and you will feel a little bit disappointed or even pissed off that you didn't sell more, just think about the case when you would have sold all your coins and had been left ruefully watching the price grow higher and higher

http://s019.radikal.ru/i623/1701/1b/2d77c592196a.jpg

In other words, walk the path of least regrets

so now we see how long it took to recover to $1,000 + and this gives us an indication of expectations in forming an investment strategy.

http://bitcointicker.co/

Short time in Crypto, I think people will think twice in future before dumping their BTC for cheap, I can't believe how easy it is for BTC to climb back to over $1000. $1000 BTC price has come to stay, this is quite different from the 2013 growth, we now have alot of market and demand to support the price

Cheers bro, this is mind blowing and I thought it was going to dump consistently after January but it seems we all got it wrong and do we need to really look at it again in making any future predictions. What a swerve!!

I am in a good price to sell a part, and then bought a few coins, collectively I, no loss, but also made a point. Now the price is also very optimistic, the same, I think the right price I choose to sell part of the reservation part.

Bitcoin's price obviously goes up fast compared to any stock in the market. But the downside is that it also falls back down rapidly compared to any stock. With that said Bitcoin users are still scared of seeing how Bitcoin's price goes up. It cause them shock and negative thoughts that is why it produced panic selling which we know will move the price back down again.

The current pumps and dumps that have occured these past 3 months were crazy since there are big changes to bitcoin's price. It is kinda mind blowing to see that when you sleep, bitcoin is at is base price and then suddenly when you wake up you will see its price pumped with great changes or dumped with big changes too. All we can do though if some kind of pump or dump will occur is to just watch.  8)

The worst experience is knowing that you went to bed and then there was a major movement while you were asleep and the price dropped $80-$100, like what happened a month or so ago.I felt bad that I didn't put in a short :^)

I'm not sure what to make of the current $1k. It might be good, but it could be a calling card for a crash soon.

Very good tactics. Actually I have done that too considering I am not the holder type. My hands are always itchy to do something about my bitcoin and I did it. Traded it back and forth and trying to be patient on waiting for it to drop back. Same with my altcoins. The trick is just keep on monitoring the prices of the coins that you hold and try to have courage into selling it without regret even if it rise more to the sellinh price of yours.

I agree with you and since you are not quite sureof the current 1000$ bitcoin price, just sell a portion of what you got and hold the others so that if it dumps, you can rebuy cheaper and when it pumps more, you have some bitcoin to sell. Just take the path with the least regrets if you dont wsnt to regret your decision, IMO this is the solution to not feel bad even if there are price changes while sleeping.

the last proposal what i this the most safe.
But for all of us that we are here from the the start of Bitcoin is hard to do one think.... sell! many of us don't want to sell at all...
i did some times in the past and all times i wish i didn't :) if there is no REAL need of selling the best is to keep your BTC safe and use them about 3-4 years from now...
for example today we had about 2% up in USD.... who can give you this % in one day..and not working day lol

Break out baby !! 

breaks to $1,200 I feel the next consolidation is $900

The only problem is that the predictions about the price of Bitcoin is often not true. Bitcoin remains unpredictable.
Now its price vayrosla again, but we are ready to fall.

The price is nearing $1050 and i really do not think that there is any FUD news coming up so that the price would crash.I really like to the see the price roving above $1000 for some time and let us see how the price will be in the coming week.

At this point the price hasn't gone up to such levels that the usual bit of drama fud will be popping up. I believe at the time the price crosses $1100-$1200 we'll be in a position that literally anything can happen. Current levels aren't being supported in such a manner that the buy support is able to catch up panic dumps. In most cases bots also pull back their buy support at the time the price is falling down. That's why I won't be surprised if we happen to go below $1000 again. It's normal market action.

I think that after this fall that happened after new year after Chinese markets effect bitcoin finelly came back on it's line. And I expect the grow will be continued .

I agree imo it will form a new trending wedge having its consolidation now and then but ultimately ending the year at $2,000 to $3,500.  The only reason I am that optimistic is the opening of the NY exchange, continued exposure and acceptance from other governments.

I will hold some Bitcoins but I am also selling a little as the price rises. The point is to buy back more as the price drops later. This is a good way to increase my Bitcoins even if I can't put any more money into it.

the most important thing to remember when making an investment is to not listen to anyone else but yourself and also to not be affected by market manipulations.

there will always be people around here who sell before you and at a terrible time, and becasue they miss the chance to buy back, they will start telling everyone else to sell their coins too. and they start saying price will go down to $500, etc because it is their wish.

if you listen to them you are the one losing money.

It's a good step, after the price drop to $750, we must to think realistically that bitcoin prices look like a roller coaster. How safe is to never hold when we're feeling lucky, because at any time, there is no guarantee that prices will always go up.

Guarantee? Then there is really a guarantee because theres no other way to go on bitcoins price but only go up and yes it do decrease its price because bitcoin is volatile we cant predict anytime but adoption is still there would really make the price increase.

I agree with you. Price will always go up even if the price have gone down. It will for sure because selling and buying happens everyday and also investors are there to buy bitcoin whenever price falls down. So there's a guarantee that it will go up again even if it falls. $1100 to $750 is really significant like OP said since it has proved that bitcoin is strong and will rise up again if it falls since it's price now is $1023 as I type this reply.

Market manipulation wont be caused from people posting in forums but from fund managers taking profits for clients. But yes you are right there will be people saying sell sell sell and buy buy buy just like the stock market. Each individual has to decide when they are satisfied with the profit they have made or their entree price.

Yeah, it is not so far that the bitcoin has dropped drastically last month and here it is again these month returning to $1000 again, and there goes to show that the bitcoin has so much potential and how much we can make profit out of it so right now is the best time to sell in order not to miss our chance like the last time.

right, I missed the last his chance and did not sell Bitcoins at a bargain price. Now I will try to be wise and to feel the right time to sell

We need understand where we are... For example i am an early adopter. I take back my investment in mining and buying. Everything else if profit. I don't care if will be 500 or 5000...
Since i saw the $5 / BTC going more that $1000 with very little adoption and media coverage i can say that in my personal opinion inside 2017 will not be surprise for me to see BTC more that $ 3000.... day by day more and more are buying. For example if you live in Europe and you have some money to invest why not buy BTC and after crash of the EUR can sell for more in every currency you want???? Travel to China sell and get currency of China.... Travel to USA and sell for $.... think of that... we are in the start of economical war around the planet..

now that's something i really like about bitcoin, its really easy to change it for any currency you want, and with almost no fee/additional cost. there i a lot yet to be done in order to make BTC more convenient to use, the speed of the transactions come to mind, as well as the security of wallets and Exchange sites.

I dont think that there is any guarantee that bitcoin price will keep on rising, since it is volatile enough and we can't predict the future too, so there is no guarantee on this thing. As long as you can keep on gambling it and believe that bitcoin will grow better to save it. Bitcoin is an risky investment though, because we never know when it will rise or drop, depends some dare and luck too

You only lose money if you sell at a loss.   

So don't sell at a loss.

Yes currencies fluctuation are an interesting market, in fact that forex is used to let people make money and loose some of it as well. Bitcoin and crypto world is another option to make money, because all wanna to make money, no one is at crypto world to spend their time just. With that said bitcoin is currently recovering from the last loss of value, and i doubt at the end of the year if we will see bitcoin under 1000 dollars anymore. If your daily earnings enought for you i do understand but potencial of bitcoin can make you get an extra% if you hold instead trade, but there are moments like the last drop where you can maximize your profit, but its hard to predict the next moove.

You're talking about the long term?
I think that has a lot of investors have invested in Bitcoin. This gives him stabiilnost and ensures long-term growth

So this time we saw a drop from China concerns that only amounted to 9% and BTC bounced off a bottom of $950 to recover quickly around $1,010 currently. Hopefully this is a new support level as the currency continues in the rest of the world. The affordable Japanese Satori coin starts selling to most of the world in March from the maker. The U.S. is still exempt from shipment however. Never the less I believe this will generate a lot more interest in BTC and the mintage in the millions will be loading from the blockchain thus one more country becoming a base load on supply.