it's very simple. if the price reaches the $1000 price level, then i will secure profits with around 10-20% of my coins. i will not wait a single second with doing that as the price might come down again.

for me as trader the current volatility is a more than welcome thing. but yes, for the average holder and those that bought around $700 it's not nice of course. the price has gone down significantly in quite a short time.

when the price goes up significantly, there is always chance to see the price go back down again. that's why you should always use the high price to secure your profits at. just to be on the safe side. glad i did so. better safe than sorry.

no doubt about bitcoin having a great future ahead, but the block halving is what a lot people are hyping about. so, if something will happen, then i surely believe it will be before the block halving is done. after the block halving i expect something similar to what happened yesterday and today. dumps are, and will be heavy.

it's definitely possible if we manage to not fall back far below the $600 price level again. otherwise the price will not recover any time soon. but i think we've seen the worst of the dump already. right now the focus should be up and up.

i think we can definitely expect some fireworks just before the block halving. china is heavily invested in the mining industry. maybe that if the price doesn't go up a lot by itself, that the large chinese exchanges will offer a helping hand in manipulating the price to the north. 17 days left till the halving, anything can happen right now.

i didn't miss the opportunity of buying below $300 in 2015. that's when i did nearly all my buying at. that's how you make money. but i have to agree that buying right now is a good moment as we still have the block halving ahead of us. the good thing is that a good amount of selling pressure is gone now the price tanked heavily. and who knows, maybe we will touch the $800 level this time for sure.

well, if you buy at +$700 price levels, you have to know the risk of buying at nearly the top price. the current price is good to accumulate more coins. use this price in your advantage.

the price already went below the $600 price level. people were hoping the price to reach $800 this week, but they got sub $600 prices instead. this just shows that bitcoin is full of surprises.

exactly that. looking at how deep the price is falling it makes me feel good that i have secured profits at $730-$750 levels. the price at bitfinex just touched $594.5 as the lowest price. it might go down a little bit further, but i hope this is the point where the price starts heading up again. you know what they say about the price. what goes up quick, comes also down quick.

holding your coins for the long term is always a good thing. if you just look at the long term potential of bitcoin, then the current price is a good moment to enter the market. that's assuming you are planning to hold your coins for at least a few years. then the returns that you can expect will be the best. patience is the key to profit.

i really believe we may see another part of the bull run to happen before we reach the block halving. those that have already coins stored, should keep holding, or they can choose to buy themselves some extra coins to benefit from the price going up even more.

well, people should always expect dumps of this magnitude to happen after the price has gone up this high. that's why it was the perfect time to secure some of your profits above the $700 price level. it doesn't feel good when you see the price go down this much, while people have had enough time to secure profits above the $700 price level. and yes, it's indeed better to keep holding till the block halving.

people nowadays are very sensitive when it comes to exchanges going down. they directly start thinking negative and start dumping as result. bitfinex is up and running again. i think we'll definitely get to see a good pump before the block halving. chances to see $1000 prices before the block halving have gone down, but even reaching $800 would make a lot people happy.

those that haven't sold yet must keep holding as there is no point in selling right now. the price just reached another low and touched $625 at bitstamp. bitfinex's low is at $635 right now. the current volatility is great for traders as me. i benefit when the price goes up, and i also benefit from the price that goes down. if this is going to continue i don't think i will get much sleep today.

nope, i don't use or have a paypal account. i am solely using bitcoin to do my online payments that are from inside and outside my own country. bitcoin is the perfect currency tool for me. no need for paypal or debit cards.

exactly that! that's why i am glad i secured profits with a good portion of my coins between $730-$760 as that was a fantastic price to sell at. i didn't need to think twice about securing profits at such prices.

the speculation about the block halving has already been quite profitable for smart people that bought their coins when the price was around the $350-$400 price levels. if the price goes much lower than the current price of $655, then we might be lucky to see the price goes back to the price levels before the correction happened. only time will tell what will happen. just under 3 weeks left till the block halving.

that's exactly why i secured profits at around $730-$760 not long ago, just to be on the safe side in case the price goes down. and exactly that happened. i feel good looking back at the good decision i made. just now the price touched $635.37 at bitfinex. if this is going to continue in the current pace, then i can see the price test the $600 level.

the only way i think the current price decrease may somewhat be connected to the coin auction, is that they want to get the price down so they can get the coins at a much lower price compared to when it was close to $770 some days ago. other than that i don't see how this will have that much of an impact on the price.