Bitcoin Forum

As you all know, its the sea of red now. Are any of you still ballsy enough to enter at this challenging time?
for me im just waiting for USD 3600 to sell off my house and car and kids to enter.

every price is buying price

You can catch the falling knife with your proper knowledge. It is not necessarily mean that you can catch the falling knife but it has something to send with us that is facing the falling price of bitcoin but if you have the proper knowledge you can be successful in selling your bitcoin with high profit.

The price of BTC is dropping really fast I think it is the cause of this topic (https://bitcointalk.org/index.php?topic=2172959.0) I really hope for the price of BTC to drop so I could buy a whole coin, nevertheless it is highly unlikely to fall very badly.

Even though bitcoin is experiencing a great decrease in price, its still good news for those who want to try their luck with bitcoin. Since just like how fast btc price is falling, it may rise as fast, we never truly know but its better to aquire btc and hold some rather than completely selling. Believe and take risk, thats the first rule if you want to suceed.

i think the fundamentals of the market is still solid and FUD is ruining everything.
So lets take advantage of this "black friday" kind of sale and make it big~

Pump now. Too late for buyers  :P

Perfect! I like your positivity. Well as for me, I am not worrying much but rather I'm excited about the price that gets low. Can't they see it as opportunity to buy more bitcoins? Let's see the good side of it rather than worrying and panicking. In my prediction, when the price gets low, there's this panic selling so the price drops, once its on the dip, many believers and risk takers will buy more bitcoins so eventually it will go up again.

Bitcoin may experience downfall but it's not for long so better watch the market because if they want to invest in bitcoin they must be patience enough to wait for a little moment like this though its not that lower as we can imagine still it is always a great opportunity to buy and invest in bitcoin.

You'll never know if it will just fall fast, or it will recover and rise up back again. Bitcoin's price depends on many factors yet, supply and demand affects it entirely. As users, panic sell, it's price falls, but when they buy back again, say hello to the rising knife, bro.

It's a good idea to enter when most of coins dumps. You can have a decent profit in less time. But don't forget to not invest what you can't afford to loose.

Hmmm.  I didn't know, that you can sell your kids. LOL.  How many bitcoins did you get?   ;D ;D

Even if bitcoin falls to 3600 it is doesnt matter. It was necessary to enter when the price was up to a 1000 dollars or maximum 2000.

I agree so it is a good idea for those who wants to catch up bitcoins, while it keeps on dumping now. It is a good time to buy and hoard a couple of bitcoins and hold them after. I'm pretty sure after the dip bitcoin will try to recover and regain back its value.

yes I agree with you, this is the time we buy,
I will also invest heavily at this time,
news from china greatly benefit us,
we can buy bitcoin at cheap price, this is our chance

damn, I was preoccupied with school stuff that I didn't even notice the price going down by almost $1k... wow. Looks like this is the right time for me to invest something. btw what's the deal with the price drop at all? I've been kind of out of the whole bitcoin happening for the past week or so.

Yes of course, this is the best time to buy Bitcoin cheap.

I don't see that anything has really fundamentally changed between $4900 and $3900 - if I was buying at $4900 I'd be buying at this lower price also.

just fools who want to kill themselves, suppose we already know in front of the cliff but we continue to step and finally die silly proverb !!

Many people have already sold, but I am sure that a lot of people still think about selling.
With the mostly negative publicity bitcoin gets at the moment, a few reports more could push the undecided over the edge as well.
Personally I am not going to sell a single satoshi, but it's not yet buy-time for me either.

Personally I believe the drop in price is due mostly to people selling without knowing why they're selling. People see news and sell, without even understanding what the news means or even if the news is real or valid. I've been buying as much as I can afford recently because I see no reason for the drop.

Even if there was a good reason for the drop, I'd probably still be buying because I'm always bullish long on Bitcoin. I believe most people that are on these forums are too however, so it can turn into kind of an echo chamber in here.

Omg! That's hilarious haha i like the pun. Selling off your house and car together with your kids, how about selling off your wife/husband as well? Kidding aside, this is definitely the best time to stock up and buy some btc if you have the fund. We know the drill, right? I don't know about those who are panic selling but we know better. This scenarios are normal and we've been here before. Having experienced those unbelievably highest value of btc like a whirlwind, drop like this is pretty much expected.

This is a good news for me as a newbie. But don't know when is the right time to buy. Do I have to wait for $3600, as mentioned above?

Come on this is cyripto currency ecosystem you should not invest with all of your assets, consider will you be sad if you loose all if your answer is yes then it is better to invest the amount if you loose you wont be sad. This is how I invest.

just like you, is too risky. and I do not dare for now, there is still chaos I think for the next few weeks.

inflation will occur in the coming year, my prediction.

When you buy a bitcoin, you are essentially buying a number in a Chinese database. The Chinese miners control a majority of the hash rate and thus control all bitcoin transactions. If they want to block a specific wallet from transactions forever, they can by simply never processing transactions from that address.

To make money, you need someone to buy your number for a higher price. The moment you buy, your money is gone and sent to someone else. Bitcoin itself has no value, your only hope is to sell it to someone else in the future. For someone else to buy your bitcoins, they need money and need to be willing to spend it on bitcoins.

There are people with millions of dollars in bitcoins. When they sell, they need to find someone with millions of dollars to buy those bitcoins and who are willing to buy them at the current price.

All you need is one person with millions of dollars in bitcoins to sell and the price tanks. That is what happened with Ethereum a couple months back. The price dropped to near zero as someone with millions of dollars in Ethereum tried to sell out. They weren't able to sell as as the price dropped to near zero as they couldn't find enough buyers.

The best thing for the people who own lots of bitcoin to do if they want to sell is to sell slowly over time. This means the price doesn't drop all at once, it drops slowly day after day, week after week. If you have multiple people trying to sell large amounts of bitcoin, they tried to sell faster than the other people so the drop can happen faster.

In any case, the price can go down and not recover. If you had a billion dollars in bitcoin and you wanted to sell, it would take you years to sell and during that time, the price would keep dropping. And if someone else was trying to sell a billion dollars of bitcoin at the same time, the price would drop even harder.

And if you had a billion dollars in bitcoin you were selling, you'd want people to believe the price will never go down and they should hold so you can sell before they do.

The good old days when it was $600 about 12 mths ago, can it fall back there again, ill sell it all and borrow  everything to buy in there if only. but I know the bitcoin community might rush the price back up if it hits a mere 3000 hopefully it falls fast enough so people dont act if it falls slowly it wont make it to $3600.

I also have a question. Let's say you bought 100 million dollars worth of bitcoin and it went up to a value of 1 billion dollars.

Would you sell at that point or hold?

I'm pretty sure you're not telling the truth (selling your kids? WTF? I hope that's only a "joking" way to tell you want to invest some money.). But if you really are serious about that, be careful (https://bitcointalk.org/index.php?topic=2157810.0;topicseen).

I would only invest at $3600 if I was an experienced trader and could foresee the bounces (maybe knowing which bots are the big whales using and what chart indicators they follow ;) ). Because myself I think the price will fall further - not straight to the bottom as a rock would, but I think we have a good chance to see $3000 again. And at that level, I think the price will take a decision if he wants to continue to be bullish or not.

So at $3000 I maybe would try a "catch" ... carefully observing the market.

I think we should be careful to respond to what's happening now. there are ico restrictions, and other rumors that trigger the decline in bitcoin prices. this kind of scenario that has been arranged neatly.

I just monitor for now. still very risky to buy bitcoin now.

I guess you have to wait further than as at the current time, the price is still far from reaching that point and I still believe it won't get to that point before price picks up again. So if you can add about $300 or $400 to it you can quickly buy when that amount can get you one before it goes to the point where you might not be able to afford it.

Panic in the market is a good thing for the buyers. Bit coin is not going anywhere. So it will create opportunities for some.

Just don't catch that knife with emotion just use your mind to catch it . The situation of the market is indicating towards a downfall of price. Lets see how low it fall. We have seen that bitcoin is strong enough to hit back.

Why not? I seee this as an opportunity to buy my favorite coins while they are on dump I guess China ICO ban has something to do with the fall happening but then as they said thats temporary so theres still achance for a pump sooner or later so ill buy as much alts and btc while its falling and wait for the next pump.

Bitcoin is pumping now son !! To the moon that's where. Let's leave china behind. You might never get another chance to buy bitcoin at this price. It's never going back under $1000 let's face the facts and not repeat them. Now is the time to buy otherwise we sit and look back to today with regret. People are going to make alot of money. Those who predicted the weak would sell because of the nonesense in China will now buy back and pump the price up in soon so. Profit ! A mo the salary because of one clever move. Thanks China and thank you to, I think  for the third time the panic sellers without you I would not have profited.

I don't care much about these. People were saying the same even in 2016, when the prices hit almost $200 per coin. A lot of the users sold their coins as they were convinced that the prices will never recover. But those who had the patience to wait for some time benefited in the end. And I don't think that the situation will evolve any differently this time around.

Just my opinion. Sometimes waiting for things to happen may result in losing a good opportunity. So setting a target is a good idea.

if I think so strongly and good idea for those who want to chase bitcoin, while continuing dumping now. and a good time to buy and stock up some bitcoins and hold them. I'm pretty sure after the dipo will try to recover and get back its value ... it's time to invest bro .... ;D ;D ;D

Do you know about any site which shows correltion bitcoin and other altcoins?

well if bitcoin crashed to that value i think its a big question if we will still ready to catch the falling knife or we will wait for more dip before we go
and make a re-enter, as of now its really a hard week for everyone as we cant see the direction after this bad news about bitcoin.

If your referring the dumps of bitcoin will of course i will catch it. For now, I'm still waiting for more dumps to come. ;D

In that case I would sell 300 million worth of bitcoin. That would mean, I have tripled my investment, and still have 700 million worth of bitcoin for waiting its value to rise to the sky.

In my opinion even though the price of bitcoin is experiencing a great decrease, I can say that it can be a good news for those who want's to try their luck in bitcoin. We don't know what will happen in the future. Bitcoin might also go up 2x as faster when it falls down. Every thing has a risk and you are the only person who can decide if you will take it.

You are right. You can catch a falling knife but you have to be very careful so that it may not hurt you. This decision entirely depends on how good you are at interpreting the things. Of you think you have a proper plan and that you can cash those moments, then you should definitely go for it.

instability that occurred in the past day, making the price of bitcoin free fall. and the funny thing all happened in an instant, just a matter of hours of landslide occurred. bitcoin was destroyed. eventually bitcoin persist and rise again, slowly but surely. this is the bitcoin revolution. without china bitcoin standing still.

well it look like someone is in the mode of huge investment ;) and yeah this dump is nothing less then cheap investment with huge profit.

It was around 4000$ till last week ends but the bitcoin value suddenly fall down today from the last 12 hours from yesterday. As  you said you can invest to buy bitcoins with the low amount now. I am sure bitcoin price will recover back to peak value again in some days.