MrBigHang, I bought in about $8800. It is a bit worrying. I'm not sure if i should be putting in a sell just before it hits that or not. I wouldn't want caught in a trap and sell, then a second later it reverses.

Hey,

Can anyone explain to me why there is a such a dump just now? I don't see any big reasons why this is happening. I thought we were on the up. I bought in very recently, so i'm starting to get a bit nervous. Trying to hold fast!

Thank you for all your support and advice guys. This is my first real time to worry about this stuff. When it was going so high before it didn't feel too much of an issue.

I sold about 75% of my bitcoin during the FUD. So I have a little left over. I just panicked seeing it drop so low and having all the news issues, tech issues, more altcoins etc and worried it might actually be a bubble burst. If it hit so low and i might have been down a lot for years before recovering to that height again. 

I am worried as you have said that this will be a retrace and we could see lower yet. It's popped back up for a little bit, but it could easily bounce back down.

I feel i am in a better head space now to deal with it though... or i'm too exhausted to worry about it anymore and think fuck it, what will be, will be and just pick a side. but most of your comments have helped.

Hi,

I fell for the fud today and I sold most of my bitcoin around the 6800 - 6600 EUR mark. It got pretty scary for me as I've not been around for the past mass dumps and i've usually had my bottom so far from the top that any dips have been nothing. So I was really tried and tested today.

I'm looking to get back in and I wondered if anyone had any experience with this and could give me any advice. Should I look to buy back in at a loss just now or do you reckon to wait for another dip?

I know no-one can see the future, but just from past experience has anyone wished they'd bought back in asap or waited?

Is anyone concerned with this drop in bitcoin? I've only just jumped on the bandwagon and i've lost 10%-30% of my value already. I'm new to the market and enjoyed a good bit of stability and upward graphs for a little bit, so I thought it was mostly positive. Is this jump down a typical trend that results in pushing for highs again? or do you reckon it can be backlash of people shying away coming nearer August 1st?

I'm unsure if to try cash the coins to another altcoin or something to try gain some more value back or just hold for a while.

I am only looking to put in about £200 worth into crypto at the moment as I want to learn more about it. Is this too little to buy bitcoin with? Should you only buy bitcoin if you can afford at least 1 btc?

Hi,

I know you guys get asked this all the time. I'm new to cryptocurrencies, trading and I've never been involved in any sort of forums before either, so i'm sorry if I've posted in the wrong way.

I'm looking into the happenings at the moment and trying hard to catch up. It is a lot to digest and I think there are important dates coming up that I need to be wary of. It seems July/August are to be big dates for Bitcoin and I am trying to understand if i have already missed the boat and if the risk/reward is too high/low.

Am I right in thinking that the value of bitcoin could swing either way with a 50/50 chance after this date?

Is the current general thought for investors that after August, there might be a large dip, but it should recover to eventually get our 500k valuation (in a long way off), or if it goes south would it be dead in the water?

With the current spikes and new all time highs in the price, would I be buying in too high at this point?

Would i be better to buy as much as I can before these dates or would it be safer to wait until after and then buy in?

Sorry if have some misinformation.

Thank you for your time!