Bitcoin Forum

DONT DO IT!!! HOLD YOUR BITCOIN!!!! YOU WILL FEEL VERY FOOLISH WHEN IT HITS 25K IN LATE JANUARY-EARLY FEBRUARY!!!!!

It has always bounced back from dips like this in the past..... but who knows how low it will go this time.

Its smart to sell at $15K/BTN. If you bought at $5K or $10K, that's a nice profit. Holding Bitcoin like a scared fool without ever selling, will guarantee that you'll have ZERO profit.

KEEP SELLING GENTS !!! NO ONE HAS EVER WENT BROKE TAKING A PROFIT.  ;D 8)

Hope that's true but how are you predicting 25k? And will it go up that soon?

I doubt this is the bottom. If you had sold at $800 after the peak of $1000 you would have been better off than hodling all the way down to $200

Past performance is not an indication of future results as they say. 

 :)

13.9k and dropping hard))

Newbies have to learn more. I pity them for loosing their money because they sell bitcoin in lower price.  They should be brave and understand that actually its time to buy not to sell. The volatility is high but it is common thing.

If you had bought before 10k then it's not a bad idea to sell now if you don't want to risk it holding. But likely this correction will have the floor somewhere above 10k, because the rise from 10k to 20k was too abrupt.

Such a smart choice when we've seen the likes of $20k throughout the month till now and a sudden dip is provoking you to sell everything for much lower. Holding has always been for the brave ones and always yielded huge profits, unlike for panic sellers like yourself.


Do whatever the heck you want with your coins but don't play an influence on others' decisions. Let the believers continue to HODL while you continue to sell for cheapish profit. Eventually, you'll damn yourself when the next big surge occurs.

My signal channel said that bitcoin was going down to $12k or more this late December so, who knows?
I think it is possible to reach $25k but probably needs a little longer than late January. However, I'm glad I just sell it away at the $16k rates.

It will be bounce back for sure

Why does everyone have fear? Sell their bitcoins. After all, correction is an integral part of growth. In any case, bitcoin will update its price records. It is extremely stupid now to sell.

bitcoin continues to fall, if it continues in the near future, it is good to buy more, at a lower price. After Christmas, we will see the next rise in prices...

we cant say if this is going up or down its up to investors if they sell it or not.  if you get 50% of your profit it is good to sell it but try to not sell all of your investment just sell what your profit like $200 is your money and your money now is worth $350 dollar try to get the $200 dollar and let the $150 dollar hold and wait if this is going down at least your money is save. your not get sad in the outcome. :)

What bothers me the most is not the people running scared, is everyone selling and slowing all other transactions and making more people get afraid and sell more, is like when a car stops in the highway and all the other cars are mandated to do causing sick bottlenecks

1 btc will be $40k usd 12/2018 so you decide

lol the panic is real folks

I'm not really surprised by this downfall, it was only a matter of time before they took it down, I feel this is a excellent opportunity to buy more and this has happened before also when segwit2x was announced and post the cancellation it shot up. Also with the so called Jesus of Bitcoin Roger has sold his all coins it had to tank. I feel it shall bounce very soon, highly recommended to buy at current levels.

It is on $12k earlier and at $13k atm, Bitcoin bouncing back is the only thing I am sure now honestly. The correction and the dip only tells us that it is time to buy so that we will not be left alone in case it reaches an ATH record again by next year.

I am still Hodling to my bitcoin and buying now that the value drop to a significant number, I really think it would be just like a bungee jump kind of thing, It will sure bounce back and could really hit to $25,000 value, And I think it is nice to buy bitcoin right now because the price is cheap, we can never tell this can be another momentum for another Bullish path.

it is not a bad idea to sell whenever you see a drop is starting up. and if you could have caught the drop before it became big, meaning back when price was still above $15,000 then it was a good time to sell. right now it is starting to become too late to sell but it is still not at that point.

in any case you have to make up your mind when investing in bitcoin. you are either a long term investor and will hold it and make profit even when price drops like this temporarily and small. or you want to be a trader, in which case you use these short dips to make even more profit on your bitcoins.

ps: we are close to the "magic number" which is 30% drop.

even i think to sell my bitcoin  blocking me.
my wallet ask me to pay 91$ to send 100$  it will be big lost if i sell now

Its kinda hard for me to "damn myself" when I am independently wealthy through medicine and real estate. $5-$10K in Crypto is just baby money and its just fun for me. Unlike 99.9% of the people buying Bitcoin, I got my wealth through education, hard work, and creating VALUE.

I can stop working tomorrow and my real estate will cover all my basic life expenses. I'm young too. I am not looking to get rich quick by buying BTC. I invest in real assets like human capital and real estate which produce INCOME. Something bitcoin can never do.

There is only one difference between what is happening now and back there in 2014: in 2014 it seemed that bitcoin is still proving usefull, that it is people who dumped it. This time it is different: people dump it BECAUSE it proved to be USELESS (megahigh transaction fees exceeding 1000 satoshis per byte, 280 thousand unconfirmed transactions backlog, etc.)

It only proves what I have been saying all along, on and on: have a look at https://bitcointalk.org/index.php?topic=2612689.msg26588663#msg26588663 for a proof.

When everybody panic sells, bitcoin network is so congested that NOBODY is able to liquidate their positions. Haha. Now sit down and brace yourself for a tough ride, guys!

It is only a beginning I think

This is what they call panic selling. Many of us panic when we saw bitcoin drop to cut our lose. But people who are in bitcoin in long time. They say that dont panic hold your bitcoin. And i don't know what they mean because i am new in bitcoin.

Those who panic sell their bitcoins, are those who lack discipline in doing their research, but we may never know the reason why they did it,  still if you are.goin to invest into a volatile environment, in this case cryptocurrency, you should be ready to loose what you have invested since it is very volatile, the price may go up more than 10 folds and that is what had happened within this year, and also be ready that you return will be zero. Keep in mind bitcoin is for everybody to use but not everyone can handle the volatility, keep on studying and you will see ways on how you can earn more.

january 1st the climb will start again

Hoping we drop some more so they can declare BTC "dead" for the umpteenth time.  This rise hit 2 selling levels for me, which is twice as good as I was hoping for, I'm ready to hodl for as long as it takes to reach the next one.

They have all the right reasons to sell their bitcoins since the price is dropping really sharp as I see it, and there's no way that sane minded people who bought near the peak would bear this loss until now. From the solid resistance of $15k down to $13k and now we're sitting at $11k, I think we have just officially entered a bear market right now. This should be favorable though, as a fast increase isn't sustainable in the long run.

Oh and before we forget, looks like someone is going to cut off his dick if his projections don't appear to be correct by 2020. ::)

Nothing wrong with selling but only sell when you are ready and you are fine if the price goes up, bitcoin is going to up in the future we all know that, I'm not willing to lose a chance to change my future just to get a few thousands of dollars to me that is a bad business.

Of course, i will always hold, doesn't matter what, i dont know why a lot of people are just selling right now, dont they understand that this is just purely FUD that is making all of you start shaking your weak hands to sell your coins?

You can't compare the current situation to that in 2015. Back then, the users got tired after the exchange rates fell continuously for more than 2 years. And here we are talking about a temporary dips after attaining the record highs just a few weeks earlier.

It really has been a chain of events. The spam on the network, coupled with Roger Ver going on all over national TV to say how Bitcoin is dead and how they should buy Bitcoin Cash, then the Futures Market added right when Roger does this possibly triggered further panic-selling as well, and we also were prime for a correction anyway due the massive bull run. We haven't even crossed below $10,000, and even if we did, we would still be okay. 2018 will bring us many all time highs. Most people selling now will feel stupid sooner or later.

It'll probably happen again in 2018.
Maybe around $3k.

People need to start making there own minds up on when to buy and sell.  For the life of me I cannot understand people who follow twitter account of unknown people who spam when to sell and when to buy.

Think about it..Do you think they do that to further your position or make gains on there own positions.

Buy when you feel comfortable.
Sell when you require.

Do not listen to FUD do not trade on someone else's "hot tips"
Learn how the market works bitcoin has always been volatile place to trade it has upped the steaks since the price is so high now. trading really is no longer for the noobs.

I don't think we will see it at $3k in next 10 years but we can expect now a long recovery.

I'm sure that not all people are selling in panic. Some just need fiat for the holidays, like me. At least I've managed to sell the needed amount at $18K.

According to Masterluc, its 10k.

It will be swinging between 10-16k for some time.

Don't Do It! Don't Make Random Price Predictions! You Will Feel Very Foolish When It Doesn't Hit 25k In Late January-Early February!

Let people do what they want to do! One of the best things of Bitcoin is the free, global market that exists. The people that bought at $19k probably feel foolish too...you're not helping them.

Definitely you should hold most of your coins (way too early for "the crash", and BTC has survived much worse), but it is not a bad idea to hedge.

If you sell and get your principle back, you won't have terrible regrets no matter what happens. In fact, if you sell some at a high, you can then buy the dips.

Anyways, Novogratz predicts it will bounce between 10k-16k for a little while, and I think that is reasonable.

There's money to be made playing bitcoin-usd swings, but if you ask me its not worth it when smart altcoin holdings can get you much bigger profits with little risk of being left behind in fiat.

I think theres something wrong with your math. At this level, selling would be a 30% drop from ATH, not a 80% drop from ATH.

You may try sending with a lower fee and then using a bitcoin accelerator and see if you are one of the lucky ones that can get their transaction accelerated for free, I know it sucks but currently the fees are very high and are not affordable for most people in the forum.

Well i don't panic nor i follow my emotional. I know i have to hold my all bitcoins. I bought some few coins when the price was 19k and now its drop to 13k but i won't sell them, I don't want to feel regret again in future. I am pretty sure next year will bring happiness in our life and we shall see all time high of bitcoins next year.

You should buy some more at the price now to offset your 19k purchase and average it out at a lower buy-in. The price will go back up but you should try to make a profit when it does, not just break even.

With Bitcoin it's really hard to call highs and bottoms. The recent rally was super explosive - at first people were carefully predicting $6,000, then maybe $8,000 but despite the most brave predictions it went to $10,000 and eventually to $20,000. To those who got in at around $4,000 it would be a tough choice to call the top of $20,000 as every price jump was so big and could have easily be the top. Same thing goes for downward movements - it's always hard to tell how low will it crash. This means that for newcomers it's better to just hold for years, as there's no good way to call tops and bottoms on this market.

I did not see any reason why people are cannot hold there coins but are selling out of panic. We have had this experience many times this year and the price always go up after this happen. I believe that before middle of next February bitcoin will be trading above $25,000 and by then many will be regretting that the sold there coins below cost.

Dow Theory says differently.  Thats a warning given to state nothing repeats simply as it did previously and I do agree with that point but also past events matter for reference.     I was just going to say I've been crypto since before Mt. Gox. blew up and I think that was the main influnce to the top that formed at 1000 and the drop afterwards.

The whole market was far more dependent on just BTC then it is now, we have some strong second place candidates now with different kinds of rhythm to them.     Also the market then was centralised to that exchange and without fully realising this price was not accurate, it was leveraged with the coins being counted twice.    So false accounting and too much trust in 1 company was a problem then, we wont exactly repeat that though its still true now that not enough wallet use occurs.

There is the ironic effect of forks, this encourages people to use wallets in order to claim the fork coins.    Ironic because I think this reinforces the BTC protocol by wallet use over these possibly insecure websites that are targeted by virtual thugs.

Also the drop took a long time, the speed of change now is far more rapid.   The main point would be to focus on the protocol not the price changes that occur in speculation of its changes.   I'm bullish on BTC if it fixes its logjam and puts power to transact back with the vast majority of users, serving the many over the few.

Lol. Newbie mistakes. These people likely didn't have the time to evem read a little about bitcoin that's why a slight setback makes thrm abandon ship.

Well, what about those who were able to sell at $800 and then rebought double the amount of BTC when it fell to $400?
 ::)

Writting in MAJ does not replace decent arguments...

really?  Then its good news.  but im very curious maybe it will take s long time before the price goes to 10k cause as i see the price nowadays is 13k and the price is crashing slowly. Maybe the price will recover in mid of January after the price touch down the 10k value,.