Bitcoin Forum

Title.

Never sell low philosophy is killing me.
Are you guys also getting crazy? ;D

(About BTC dive)

You shouldn't. Don't sell, you may regret it.. just my opinion though, do whatever you want.

Almost everytime I'm buying something I'm buying it for too much, and almost everytime I'm selling something.. oh well, I'm doing it right before the price skyrockets. This happened to me quite a lot of times with Bitcoin. I think we should take no action at the moment, the markets are too shaky. We've seen similar falls and then the price shot up once again. Just check the all-time charts and you'll see what I'm talking about! I won't sell mine, I will just hold.

This time, the question of the end of the undisputed supremacy of bitcoin may be real.  Not that bitcoin will lose its crown immediately, but I think the market is testing this possibility, and the distinction altcoin bitcoin may take, for the very first time, a hit. 

Funny is that the two contenders for usurping the crown are the two most centralized currencies around, mimicking as crypto: ETH and DASH.  Maybe the market asks for more centralization in crypto.

I'm not planning on selling, but damn, my girl would be jealous of how BTC is giving me more emotions right now than I ever had in any relationship.

Anyways just trying to make fun of the situation, seens that everybody here is on edge.

I don't think many people are on edge. The Bitcoin price is constantly fluctuating and the recent rise was always going to correct itself. Either way, no matter how low we fall, we will always recover even if it takes a while. HODL HODL HODL...
The only people panic selling are those in it for the short haul. They'll buy back in once the price rises again. We on the other hand are here to stay. That involves riding each wave as they come. The peaks and troughs included.

People who will get panic only will sell their coins at this stage and its a stupid decision to make but people who have faith in the potential of bitcoins will never sell their coins and will prefer to hold them for a long term and that is the right thing to do.

Go check Poloniex trollbox,  ;D.

Lols and they're still talking about SDC  ;D

50% retrace of the up move + some extra panic == $634 within 3 weeks, then a move to over $3,000, maybe.

I'm still quite noob when it come to the technical part of bitcoin. So, though I'd say I'll just hodl all the way, it does worry me that this will cause problems for bitcoin.

I'd probably still play it safe though. Just keep them all in, let the people sell all they want. Bitcoin probably wouldn't crash down to $500 in just one month.

I think all of us were noob's when it came to the technical parts of Bitcoin at one point. So, I wouldn't worry about that. $500 in one month is probably not going to happen.

You are seeing plots everywhere :D ! The market is testing absolutely nothing, a few whales simply ran a combinated pump on the altoys altcoins, and after 3 days of a an high price, people start to think that now, the game is over for Bitcoin and I do not know what :D !

Today I also saw the price lower than $1000 but that is not a bigger issue the price will definitely once again continue to grow to high level as in the past it occurred all the times. I have all my bitcoins in my wallet and I do not fear from the drop of price as I know well the traders will buy as much as possible and I am also trying to buy and sooner the price will grow up.

You are correct that it will not take a whole month, we could be there within a few days:
At least we get it over with sooner....

Nope.  Bitcoin market share in crypto is at all time low and bitcoin has, for the first time in its history, serious TECHNICAL problems, in the sense that it is full, and that the only outlook is a split in two coins, or status quo (most probable).  This has never been the case before.

http://coinmarketcap.com/charts/#btc-percentage

It's fucking bitcoin Armageddon out there :(

Bitcoin percentage is just a joke to me. Altcoins are the principle of a created money out of air. I could create an altcoin and if it reaches a price of 0,01BTC/coin, this does not mean this is valued at this price, this just mean that one guy is ready to buy it as this price, and play the market animators, as this is happening just now at Poloniex.

Btc's still high, nothing to worry about if you bought in last year at the $400 low.

But yes, something to worry about if you bought in at the ATH this year. I mean nothing you can do, just unlucky.

That's true, maybe this is shaping the biggest downfall of bitcoin ever, what do you recommend?

This is nothing to be worried about. This is just the effect of a combinated pump on all the markets so that whales can make money in Bitcoin (again this proves that this is the king currency as everytime someone makes money on an exchange it cash outs the profits in Bitcoin).

Difficult to think of the lowest market cap as nothing, without it high predominancy over other coins, what is bitcoin? I mean... compared to new coins with new funcionalities it hasn't much to offer besides it's high volume.

So... I'm pretty hopeful that BTC will recover from this drawback, but the future of BTC isn't looking too bright right now.

Thinking like this is getting away from Bitcoin fundamentals. What make it stand above the mass is the strong consensus there is behind it, while altcoins gather only a part of the consensus. Bitcoin future has no reason to be sad, absolutely none. Just tell you that the price fall is due to people wanting to invest in altcoin to hope for a profit, and that will end up fooled. There is no reason to panic :) !

I can also feel the dump right now since it dropped so big for me to not watch and tune in on it. Right now it is has a bull market going up a little then down. This is good for those who wanna invest though since it is I think a time to buy because there is a possibility that it will go up again in price but there's also the possibility of it going back to the 800$ price ranges. Well let's see and wait what will happen before making final judgement.

Never sell low is obvious, but how low is the question of the ages :P

in my opinion if you can't take the risk then you should always go to diversification of your portfolio. Say keep one fifth of your savings in bitcoin, another fifth in fiat currency, a fifth in precious metals, a fifth in several altcoins and a fifth in real estate.

That way, even if two of these fifths depreciate in value, you still have 3/5 of your portfolio left, and these 3/5 will probably rise in value as a result of money moving out of the other investments.

Personally I'm long with bitcoin long term so i'm not selling right now even though there are a lot of people panicking.

I believe looking back 10 years from now these who sold early will be laughed at :P Just joking, i respect whatever decision people make.

Within few days bitcoin price dropped too much, that's around $250 which for people holding plenty of bitcoins is really a huge loss comparing with the top price past week. I think that there are many people that are rushing to sell their bitcoins because the price will not be the same again for many weeks or more than a month, I hope that in the Q2 the price will be back at its top and see bitcoin shining.

Well if you are not rushing you can wait for the rebound i know its the big holders whos swinging the price and nothing was new with this concept as bitcoin fluctuation really happen all around those who have strong nerves and beleives will profits in the long run.

That was expected, these are the guys who bought at over $1000 and hence, don't want their stash to get devalued.

...

Well, someone today BTFD!  I saw BTC as low as $940 (ounce.me), and we are now back over $1000.  For now anyway.

I don't like making predictions, as I am almost always wrong (somebody could make some coin taking the other side of any suggestions I would make).

But it looks like just another SNAFU: "Situation Normal, All.........." 

At least it's not FUBAR.

I haven't sold any bitcoin lately, HOWEVER I did spend some recently--right before this little crash we're having, as it turns out.  Couldn't have gotten any luckier, I must say.

Paycheck comes next week, and then I may partake in some buying.  Can't beat these prices.

I sure hope so. I mean, would be a shame if it crashed like that. I've just been on this like just 3 months ago! The only thing that I understood with the forking is that this BU thingie could end up as a separate alt from BTC. If it'll go that way I'm expecting BTC price to drop as some migrate to BU or other alts. Again, hopefully whatever decline would be gradual to allow us time to sell off if needed.

Yes, it looks unlikely that the price will rebound quickly before next week. The cloud about the possible bItcoin fork will ensure that the price will remain depressed a bit longer. For long time investors, wonderful buying opportunity.  :)

No, I don't have any reason to sell now, and I have been hold bitcoins for years now and I haven't sold for a long time now, we know that bitcoin price is unstable and it can crash any time when we don't expect it but this time it has touched my feeling because a drop of $300+ is really to much not for me but for most of bitcoin holders.

@n691309 Nice to hear that you are not selling now, but the problem with others is that they panic after reading a lot of crap in the internet without looking at the current issue and jump into conclusion. So panic sell all over. This is blowing out of significant level, that others jump off the board before bitcoin price dip more. to at least recover their investment. I'm sure that bitcoin will recover and survived this heck even rise to $120-$1300 in a few months or at end of the year.

Yes you are right there are some people who create panic with little knowledge and this leads other users as well to get panicked and panic sell is what's going on from last 2 days and today i have seen some people who transferred their funds to ETH are coming back to bitcoin,

You have done a perfect thing buddy. Many of the people sold their bitcoins, however if we see the price today. Now its again back to the benchmark value 1050$. Again price start to marching upwards, therefore we can hold the btc and do the investment on it.

Yeah, as we already knew people gets panic and are impatient, so they get afraid and sell the btc before it falls to lower level. my advice to the people it is just a business we have to bear pain as well. wait for some time let the situation get normal and then plan to sell. if still you are worried and you feel that you are getting profit by selling then don't sell everything just small part of it. 

The same thing with me, I haven't sold some of it but the good thing that I've ever done is paying my bill when the price is still high, it comes out that I paid my bill at lower price. And I don't have plans on selling some of it until now or until I'm going to see the price to get back again on what it is used to be.

There will be always some that will speculate a lot or troll in some cases but we should check by ourselves what is really happening the crypto world and see what other people think about the bitcoin moves and bitcoin investments from big investors and those that have big impacts to the bitcoin. I wouldn't say that the panic sell is over as there is still some room for panic, it will take few weeks until the price of bitcoin can be stabler but it can take longer, I'm more optimistic that the bitcoin price will be recover and be back to $1200-$1300 within few months and probably within the Q2.

What I've learned from trading for a few years is that after a spike in price, the price will go back down some. The price of Bitcoin went up too fast so there are people that will cash out so the price is almost always going to drop but it will recover.

When there are price hikes, there will be low points.

That's true with any stocks or any assets, not just bitcoin.

So don't go "oh no, everything's failing now because the price is at below $1000 for 3 days", but rather look at the bigger picture here. Bitcoin hasn't ever stayed above $1000 as long as this time.

Think of the positives, and don't get dragged into the crowd. Go against the crowd sentiment.

Unlike many wrong speculations as we can see now price is recovering again from $1000 yesterday up to $1093 today and hopefully will continue to increase back to $1200+ in no time. I'd never lose my faith on merely incorrect speculations.

People who know the history of bitcoin's journey so far will never get panic and they will not sell their bitcoins.They know well that its a temporary situation and bitcoin would recover.Predictions were made that bitcoin price would fall to $700 to $850,but you could see the difference as bitcoin price is now $1082.

It's funny how through the years things haven't changed a single bit. If you browse through 2011 threads, you'll see that at such insanely low prices (compared to todays prices) people were equally in panic at the time the price went down. If you just look at how the price has been developing in the last years, then it's obvious that no matter what level of intense panic, the price always recovers and moves up higher. It's of course not a guarantee that it will continue to recover endlessly, but with Bitcoin's potential growth in mind, we have far more exciting years still ahead of us. :)

excellent point.
and as a matter of fact i was doing it a couple of months back. i was bored and decided to flip through the pages in range of 300 in this board, although i don't think all of the early topics are found this way but it was a good experience seeing all those comments with the same theme although in a much smaller scale.

We will see the price get to $1200 again. But I wouldn't be too surprised if we had another drop in price before then. We could be in a period of price fluctuation.

i think its not good to sell btc at this year as if we only want to sell our bitcoin in the higher price and for the price $11xx is not the higher price or even the price is reach until $12xx. so i think its good to hold and save it into our wallet and i think its not a big problem to us to save it, many people is holding their bitcoin too like us.

Nope. Not going crazy about it.
Actually I can still sleep soundly even if it dives at $900.
This happenings always occur with BTC as I have seen it. It is not something new that we should be panicking about.
We will just make it worse when we do go with the wave of panic sellers.

I don't think so, i think the price of bitcoin will always steady until another big news will be released. in this time a lot of the people are feeling sad caused by the hardfork of bitcoin in the future.
But it seems like a lot of the people are thing if that's not giving bad affect for the bitcoin. and in this time the bitcoin always recover.

Price of BTC might regained some value, but that is not the end for possible rapid ups&downs we will see.
We need some kind of scaling solution to be achieved, or we will be dealing with fear (mostly not backed by real arguments) that bitcoin will become worthless.

It's a lot harder for Bitcoin's value to go up now though.  We might see Bitcoin at pretty much an ATH but this is still strange behaviour and should not be seen as normal. 

I agree that Bitcoin's price won't go down all the way to 0 or even close to that but we need to take care and watch from the sidelines.  Now that the price is as high as $1000 per coin, the market cap has to rise by an amazing amount for Bitcoin's value to do so and that's a key factor to take into account.

What are you talking about here, what kind of dive are you mentioning, what kind of panic selling, price is 1115 dol. and that is the price for weeks now, with small oscillations. You are making drama here for nothing. I can't believe that some person made newbie account just to troll here!

Bitcoin will remain holding its dominant position. If you see people say that Bitcoin will become worthless, they obviously don't know how indestructible Bitcoin really is.

The only thing that will become worthless is the BU coin as result of a chain split. Exchanges have said to list it as altcoin, but I would prefer exchanges to not list it at all.

But that's something they obviously won't give a damn about as they only care about is the fee income that they will generate. As always, it's all about money. Greedy bunch of hyenas.

I personally would also prefer to have exchanges completely ignore BU, but we all know that exchanges are looking for one thing -- generating fees. In case of the Ethereum fork, I really like how BTC-E decided not to list ETC at all. This is how all exchanges should respond to forks, but if you look at it from another point, then they are basically just listing another altcoin, and with that not much is wrong.

LOL just check the date when this was started and the date when you replied.  3 days gap is a very long gap and many things will happen that will change the situation of Bitcoin.  About the price, seems you have not seen the price this last few days.  I bet you better see the price chart yourself.  Anyway, I do think that some people who sells are not dumping their coins, they are in to reap a profit when a chain of selling reaction triggers :D.  Anyway I think dip had its fun and price is starting to go up again.  I hope many holders managed to buy more Bitcoin during these dips.

The rush to sell has decreased a little than the day of sudden loss due to the bitcoin unlimited. Now recovering phase has got initiated with the steady and regular price growth happening little by little, though the fluctuations were very minor compared to the steeper growth.

Yes, we should not be holding wrong speculations, we should be positive of its rising. Lets not be on rush things with the coin, selling is not that good advise for those who really want to make profit hold it for long see what will happen in the future.