Bitcoin Forum

The value of bitcoin was apparently insignificant amount of cents when it was first launched but after the very first transaction by Laszlo Hanyecz by purchasing two pizzas in Jacksonvville with 10,000BTC its price rose by 900% that is from $0.008 to $0.08. Guys don't be deceived by the state of the market because bitcoin can just increased within some few minutes.Don't sell your bitcoins at a cheap price because cryptocurrency transactions and the blockchain is the future for financial systems. I am happy to be among the few ones to know this and all thanks to Satoshi Nakamoto and all the pioneers of blockchain technology.

Well said! I wonder what makes the people sell their bitcoins when they clearly know the nature of Cryptocurrencies.

many things! panic sell, naivete, risk management, profit taking, need of money,...
there is nothing wrong with selling your bitcoin as long as you are not doing it out of panic and without having a plan.

I think more precisely requires money, or the price of Bitcoin is decreasing and they are quickly selling it. actually selling Bitcoin depends on your decision and indeed there is nothing wrong, some things that make people panic and worry it is are seeing the market price conditions drop so they sell Bitcoin. you don't need to be surprised if there are people who sell Bitcoin because you already know what caused it.

Don’t worry, no one is selling bitcoin, no one is buying bitcoin, bitcoin isn’t moving at all.

The daily BTC/USD volume is only $200m and the worldwide all fiat volume is only 1.4b.

I know that sounds like a lot but think of it this way.

The U.S. government spends $1.4b just on taking care of the President each year.

Donald trumps net worth is around $1.4b.

The edible marijuana market in the U.S. is about $1.4b.

Internet giant Alibaba's annual Single's Day sale 2018 made $1.4 billion worth of sales in its first 85 seconds.

The largest lotto jackpot was about $1.5b.

George Clooney sold his tiny tequila company Casamigos for $1b.

haha, you just contradicted yourself.
that volume means $200 million worth of bitcoin is being sold daily and $200 million worth of bitcoin is being bought daily. so that many people are buying and selling bitcoin, it is just that there are equal forces by these two opposing sides that is keeping the price stable at the moment :)

We all cannot just hold bitcoin in the hope that more and more people buy it.
The currency must also be bought, sold, traded and spent to prevent it becoming
stagnant and to keep the miners mining and releasing new coins.

Hey this advice is very true, there're many factors which make people sell their bitcoins most of them are panic, aniexty, and worst in my opinion is herd mentality (I sold because my friend sold). It's true that currently bitcoins has been experiencing downward movements, but if one looks at the history of bitcoins after every downward movements bitcoins has risen to new heights. I believe it's the calm before the storm in bitcoins prices, I recommend holding.

Panic sellers will live their lives in regret when the real bull run begins. Pump times can be very quick for all crypto currencies, especially if they are trading on binance

i don't really get how you are trying to make a conclusion based on things you said here.

the current state of the market is not deceiving at all. it is only strange to people who are new to bitcoin and are lazy enough to not check the history of bitcoin. in the past we have had a lot of situations like this where price drops after a fast and big rise and then it becomes stable like this before it starts rising up again.... and that is normal.

Of course not, I think everything is being planned by someone who is the biggest person that could start the new bull run, but he or they are waiting for some people to get out of the market first.

Traders are accumulating, this isn't surprising that those who can pull the price down can buy more to accumulate.


Whoever he is or they are, they got to know that there's no one is getting out of the market. Those people who sell are going to come back again later on but more are going to come the fact that financial firms confirms they've invested on BTC and other cryptocurrencies. 

ARE YOU GOING TO BE DECEIVED BY THE CURRENT STATE OF THE MARKET?

Yes!   :D

Seeing that this low activity in the market happens every so often, I won't be fooled to sell my coins no matter how many fear-mongering articles spawn. And to think that I also made quite a good sum of money by just literally waiting the market to get hyped, why wouldn't I do that again if it worked countless times now? As of the moment, no one is selling a lot and buying a lot, which creates the illusion that the market has lost its volatile nature, but truth be told it isn't, and the money is just floating around on some other assets in the mean time. Just check the historical price data/charts and see that this is all normal and nothing to be worried about.

LOL yep!

It certainly not stagnant today. There’s no perfectly balanced buying and selling happening right now.

Honestly, I think most of the unregulated exchanges that refuse to allow their books to be independently reviewed are so full of shit that no one really knows what the price of bitcoin should be.

Yes.Selling some of your bitcoins is not really a bad idea as long as you're not in a panic selling.But i still believe that there are still some people here particularly those who know the market well still chose to hold their coins and sell them only when good prices start to appear in the market.

 yes i agreee with you. price may be down for now but the truth is no one can tell what will happen in the next few minutes or hours. hold your bitcoin and wait. Bitcoin will be fine soon

Correct.
These are mostly their reason, specially the panic thing.

Cannot just sit down and watch it. Making themselves calm is just doing the opposite of it. I have been in this kind of state and that is why I knew it. But thanks to the people here for encouragement and also for telling the truth that I got to have more patience and just get more bitcoin instead of selling it.

Don't really have much of a plan. Just to store more and let it rot.  ;D Soon we will find out why.

Panic selling is the worst thing any bitcoin holder can do to himself. Selling your bitcoin is not a taboo but you must be sure you are doing it for a reasonable reason, otherwise you will regret it. The current drop in price should be seen as an opportunity to accumulate more bitcoin.

I am just here to watch. lol go  btc go

I am not worried at by the current situation of the market because this is cryptocurrency investment. They are volatile and if you check the rise and fall of bitcoin over the last decades you will realize that this trend is very normal. Only those who are new into cryptocurrency investments will panic at such a situation.

And it can fall a lot in a few minutes, that's the big problem. see how it was this year, the price drops every month, there is not much demand, if in 1 year the price just drops, many people worry, because they are losing a lot of money. Look at all the crypto market and see how much people are having losses. you realize that many people are probably not going to invest in cryptos because they have many losses


Who can guarantee that this is the cheap price? when you did this post the price was $ 6000 and then the price fell to $ 4500. people might think that $ 6000 was a very cheap price, but time proved otherwise

I believe that the market is going to recover sooner than we expect. To my mind, it is better to use btc as the way of getting money through the long-term investment. To my mind, it is the best idea

Yes.I agree.We should be positive always inspite of the bearish market we have today.Of course this will end so soon and that crypto prices will skyrocket again reaching its new peaks.For now,hodling is still the best thing to do.Panic selling will not give us good returns either so we should avoid it as much as we can.

The greater the capitalization of bitcoin the more time it will take to recover its value. Buying bitcoin now we have to take into account that it will need to be kept for a long time.

the market recovers earlier you mean January next year, right? because for this year there is no chance of the market recovering and many people have realized this. BAKKT will be at the end of January being able to have chances of arriving in January and they postpone it once again. ETF is more likely to know in February  next year  if it will be approved or not.  So the market is more likely to recover from January next year


I agree

yeah back then i heard some story about a person buying pizza with a lot of bitcoin cause the price was very cheap at the time, then the pizza seller didn't know what to do with bitcoin so he just saved it and now the pizza seller is very rich because he has a lot of bitcoin. so you have to hold your bitcoin and trust about it if you want to become rich like that man  ;D

As much as one is not going to be deceived by the current state of the market, the current DIP is for real! I did read somewhere that it is in a bid to allow the whales and market manipulators to get in and buy more bitcoin for themselves at a reasonable price. I also believe that whatever goes down must come up again and while I await this eventuality, I will hodl on to what I have and will not be deceived to selling off at a pitiable loss.

I really don't like when people say that every think is OK just because Bitcoin price was few cents when it was introduced for the first time.
This comparison is wrong and should not be used to convince investors to hold. At the beginning, when Bitcoin price was like 0.008$ there were few bitcoiners but now we have millions of them and the current price is to low to fulfill their needs.

For sure i am not deceived by the market cause i still believe so much in it, am still holding and looking forward for a raining day or year which will definitely come. Bitcoin is here to stay.