Bitcoin Forum

Really worried about the price of bitcoin in teh last week particularly,
The senate meeting is in 2 hours about possibly adding regulations to bitcoin in teh US,
Should I just sell before the meeting incase the price really fall?
Any advise, if they decide to add regulation any speculation of the price drop?
Thanks in advance :o

Look at the price, it's rising.
Looks like dumping whales are all out of coin.
Hodl for now (or go long)

Nothing to say. Never thought it would drop to this point so quick, but as it has always been tagged to be "unpredictable" so yeah, that is what unpredictability is. I personally have exchanged some of my coins to USDT while the price was dropping, thinking that I will buy back when it starts growing again. Now that would save me from more loss if the price drops, and I can get profits too if I buy when it starts to grow. So you can try the same if you want. Don't just cash them out, but exchange them to a currency which is stable and buy back when you think the time is right.

I dont care what kind of fud is going around, theres no reason to panic sell at a 70% drop from 2 months ago. The U.S. senate is not in the whitepaper.

I'm close to panic selling :( ...not all but at least some of my holdings which I've had since early 2014.

thanks for input people , ill sell half then and see what happens

Senate meeting is going well. As far as I know they spoke about regulating bitcoin exchanges, battle with scam ICO projects and using of blockchain in real life. I definitely support regulating bitcoin and think that most projects are dangerous and can scam newbies. Most newbie people bought bitcoin in december at high prices, and maybe bought some altcoins in high prices. We all know that most exchanges are vulnerable and governments must do something about these things.
I am not an anarchocapitalis, I am a blockchain enthusiast. I think cryptocurrencies will rise with help of governments in the very near future

it's better to just calm down do not panic, FUD just happen to relax anyway. remember only the panic that can destroy what we have planned before.
for me there is no point to panic, just let it flow like water and find the most appropriate destination for a stopover ...

America isn't the center of the universe :P
Even if the USA bans Bitcoin (and go back to exchanging animal skins) the world of Bitcoin won't end.

exit is the best strategy when the price is falling down and don't let the whales eat all of your profits but you need ro make some technical analysis mate before you exit  which is the potential if it will go down constantly
 and then after you sell wait for the right time to buy again to prevent regrets.

Yes if you are worried, you should sell. That's how it works.

Leave in what you can afford to lose.  Next time don't invest more than that in the first place.

Things turned out better than expected, yes there is the possibility of more regulation but that was to be expected, but there is no risk of a ban and thatis what has been impulsing the recovery we had in the last hours, however you need to rethink your strategy, why you are so worried, did you invested more than what you could afford, because if that is the case then hold until you can sell for a small profit and only leave in the market the amount you are fine to lose in case things go wrong.

Maybe at some altcoins but I see it will not be a wise thing to do in terms of bitcoin. Rather than selling why not just add some quantity on the stash?

If these investors really understand the risks of investing in bitcoin then they should not be worried. What a surprised that they just throw money on investment without any further knowledge about the risks and then when there's a price decrease they will panic like there's no tomorrow.

Regret really happened but not on the basic thing to do.

I think much better to stay but if you afraid to lose better to sell and exit..
Look at the price chart today from past 2 days it increase back to $8k+ that i think it could increase more sooner.. If people stay holding and let the price increase back again. .
There huge price drop in the past few days where other people are happy to see the price drop they can buy bitcoins in low price and hold for a long time..
And i think it can't affect the price of bitcoin if they add a new regulation for bitcoin in US.
Its always depends in your decision if you out or not since its your money.. but i force you to don't sell because its always happening in bitcoin but the price is always increases year by year..

Agree. If you are anxious, it's because you have staked more than you can afford to lose, and that is making you vulnerable to panic selling. Reduce your holdings to the point where you are only investing what you can genuinely afford to lose.

The thing that I learned from the previous crashes that I experienced in this market is to plan ahead before entering any trade. Simulate all the scenarios that could happen including a price crash (crazy price crash) or price boom. With that said, it is clear that you entered your money into a trade that you don't have any plan to begin with. That's why you are panic selling at the bottom while you bought at the top (typical way to lose money very fast). As you can see, the price is slowly recovering and you should be at a better position if you only have a plan in your trades.  :-\

and that was the bottom, folks. between twitter and bitcointalk, i'm glad we have good tools for sentiment reading.


as a general rule, don't wait for the price to drop 70% before selling. either sell into strength and be prepared to buy back higher, or hold through the panic.

it's possible this was just the first leg down, and we could go lower ($3000-5500). but if you've been in bitcoin for a while, you know: wait to sell the bounce. there's no way i'm selling anything below $10,000.

If you hands are really that weak, shouldn't investing to cryptocurrencies in the first place. Yeah bitcoin and other have now becoming speculative tools but however, it's still have other function as well as the means of spending or virtual currency, the drops is really usual seeing from the every beginning of the year's cycle. If you afraid about regulation in your dearest country. just simply get off, then you can sleep easily afterward.

This, S.korea itself has announced that they didn't ban bitcoin, instead, trying to regulate it so people can use it legally, I don't know why people are so worried like there'll be doomsday if bitcoin gets banned though. Isn't the main point of using bitcoin is to be free from the current stupid economic system and bad country regulation?

I guess nobody wants to sell his Bitcoins now? The demand for the coins is growing together with the interest to BTC!

After last few days, now bitcoin market is now into recovery phase which must be a holding time rather than looking for escaping from crypto world unlike OP is looking for. It is really unfortunate that some of new investors who had bought bitcoins at the top of markets in last years and now facing losses. They might now fully aware of crypto world and that is the reason why now looking to "get out". But they must understand how bitcoin markets and in whole how crypto world is working and what will be the benefits the investors enjoyed in previous hard time. Then I believe no one will look for selling prices at those falling phase.

I will still advice us to hold as this same price pattern has repeated several times and we should be able to understand this in other not to be among those that sell bitcoin at loses. Most time dropping in pricing don't means  we should sell and creating panic through FUD don't mean price i's not going to rise again. Some time price don't move back to were you expect to buy before pushing up and get you out from buying at the right time.

So....I didn't get out after all and, so far at least, I'm glad :)

We're not out of the woods yet until key resistance levels are breached with  convincing volume. I got in with some funds, but kept it  minimal to ensure my capital is safe.

Yes, I know we're not out of the woods yet, but I'm more hopeful than a few days ago. Plus I don't mind how low it goes, as long as it comes back up again sooner or later! I've held since early 2014 so I've seen it all before but unlike some, I don't think just because it has come up before, it will definitely do so again.

Could you imagine if this coin was able to rise by 4000$ in one week? Yes? Then we can say the same about fall. Fall can always happen quickly and fall can be deep but it's hard to rise, especially so highly.
Haven't heared anything about that conference, were busy these days but if I were you, I would always save half of my bitcoins, doesn't matters how much price will be. This coin is magical, it can always reach to it's historical high price, it's just a task of time.

This is something that can only be learned by experience, people just look at the charts and begin to play scenarios in their minds but until you have lived through a crash like the one we had where bitcoin lost more than 60% of its value in a month then you have no way to know how you are going to react to the situation, after this I know that it does not matter how big is the crash I'm going to keep holding.

None of those news are true because they are not official from the governments and we dont see any important people from the government talking about this on tv or in the media. We have also seen last year a lot of news onthe internet talking abut India or Asia banning bitcoin. For a small time the price went down and everyone was selling their bitcoin but after a few weeks good news have appeared and the price of bitcoin rapidly increased back. So, my recommendation is to keep your bitcoins in the wallet and wait patiently because the price will recover

Well every trade has its secret and no one ever succeeded without first setting out to master the secret of what business, they're into. Desperation and greed have been the bane of most newbie traders and most are quick to discard even credible suggestions from more seasoned traders especially if they had had some good runs. Anyone with the right trading knowledge, would agree, "Get out while I can" has more of fear and panicking behind it. At best, it worsens matter!

That is the point but many are still doubting whether bitcoin will gain huge adoption, personally I believe we are not that far from the day we will be able to buy  expensive things with bitcoin, like houses or cars and if that happens we will have no need to convert to fiat anymore, we have still some things to figure out but eventually that is going to happen and at that point a ban will be irrelevant as long as you can still use your bitcoin in countries like japan.

Really, why is the guy speaking about selling his actives (I mean Bitcoins) when the market is not going to die? It will be much better to stay patient and hold crypto.

I suggest to just hold and don't just believe with the fake news, not all news are correct, no one can tell us when bitcoin will rise again and will fall more. It is good to have a long patience and wait for the price to rise again, for sure there are still many people still believes in bitcoin.

I think you need to decide on the type of Bitcoiner that you are. I don't think Bitcoin has a future as a volume world payment system - the limitations designed into the basic concept will prevent this, and it is my belief that they were imposed deliberately to prevent it ever becoming a rival to future government created crypto-currencies. I believe that Bitcoin is becoming a virtul store of wealth, and as such, it has a tremendous potential for large price increases. The problem for me isn't one of knowing when to sell, but of knowing when to buy. An incorrect decision can halve the number of coins that I acquire in a purchase transaction.

If you are a trader, then the rules are completely different, and price spreads ( which don't seem to be mentioned much ) and commissions should be as important as price movements inmy opinion.

I think most of us here who've been with btc knows what to do especially when its with bitcoins. We just brush it aside while newbies and fomo'd people panic and sell. Invest what you can afford to lose OR an amount that you can afford to hold for a long time.

Why are you so worried about it, bitcoin experiencing big spikes is a natural thing.
I do not care about the manipulation, if the price bleeds at $6000 I will buy it with all the money I have. Other people buy you instead sell it.
in just a few months the bitcoin will again be the perfect co-worker.

You must have confidence that bitcoin market can recover. If you can notice and observe the market now it is starting to recover. We dont know yet when it will fully recovered but atleast there are always predictions soon market may rised. Hold on if you can rather selling it now we can gained profit in the days that it will rise.

And very soon taxes will become a huge issue as well, every time you sell bitcoin and you obtain profits you create an event which can be taxed by governments this is a problem for the traders since not only they need to consider the commissions but taxes as well, while some think they can escape this, we know the truth, tax collecting agencies only need to come to your door for all those feelings of defying the system and not paying taxes to evaporate and for traders to eventually comply.

I don't see you as a good investor. You are absolutely panicking. Keep calm, put your head together. If you sell now, my question is, will you gain some profit or it's a total loss? If at least you can acquire a little profit by selling now your coin then go ahead. Don't waste anymore time. The clock is ticking. But if it's a total loss for you, go pack your bags and find something to invest on other than cryptocurrencies. 

The US Senate Hearing turns out to be a very positive for the market as we have recovered to $8K already. I guess I'm late to advise you but I hope you didn't dump your coins and continue to hodl as of this very moment.

We have been in a very tumultuous months following the big spike at $19K. We have lost so much around 60% already that why we have that feeling that you would rather sell everything instead of losing all.

I hope that this will be a lessons for you, never ever panic and just continue to hodl because it will be just a matter of time before we can all bounce back from this crisis.

I am also glad it turned out that way while we are in the middle of this devastating crash. It's like a small light of hope in a very dark tunnel and we just need to hold a bit longer to see that tunnel's end which is much brighter.