Why did you decline bitcoin today? please tell me.

[DaftAjax]

When we see the value of Bitcoin go up, we're like yeeeeyyy. Then when we see the value of Bitcoin go down , we're like awwwwww.

It's very simple actually - people put confidence out of an increasing market. People keep waiting for the price to go up, because their confidence is increasing alongside the price that is increasing. At the time they finally pull the trigger to start buying, they enter the market at near peak levels. If the price goes down after that, which is a normal market movement as people secure profits, they lose all confidence. In that regard, when you see people complain about a 15% drop, while the price has gone up like +100% in the last months, it's mostly all related to that.

I guess it is the human nature to incline more on the negative possibilities than on the positive outcome. And I mean it in a positive way, where it is good to incline more on the negative possibilities; to always have a Plan B, so that we are not gonna be surprised to that outcome.

We can not control other peoples decision, it is there own will, it is on us if we want to succumb in their ways or not but as the bitcoin decline in value do we really take fear out of it? or are we're gonna still holding onto it and Wait for another come back? in my opinion I would just really wait for the big jump in the price even if they are spreading FUD because of the impending Split I will keep on holding until the last day of July. or if I can feel that the split is nearing it's course.

Then why don't you just state what you have experienced so far and then explain it to them in details to have more of your idea in BTC community, to make them realize that there is nothing to be feared about.

[jerowacik]

Falling bitcoin prices is a natural thing. Bitcoin is a digital currency that will always experience a decline and rise in prices, as does the current real currency. The decline in bitcoin prices usually occurs because of factors affecting the development of bitcoin, usually it is bad news that weakens bticoin. Besides the demand factor bitcoin in market share also greatly affect bitcoin price.

[The_Dark_Knight]

Falling bitcoin prices is a natural thing. Bitcoin is a digital currency that will always experience a decline and rise in prices, as does the current real currency. The decline in bitcoin prices usually occurs because of factors affecting the development of bitcoin, usually it is bad news that weakens bticoin. Besides the demand factor bitcoin in market share also greatly affect bitcoin price.

Correct people expect that bitcoin will always go up but that is not going to always be the case since at some point someone will want to sell their bitcoin in order to try make money, so pumps are followed by dumps.

[Nicol3]

When trading, it is actually normal for the price to fluctuates. That only means to show that the demand of bitcoins in the market is progressing or sometimes declining because of the news or updates it brought us. And sometimes traders take advantage when bitcoin dumps because they can buy them at its lowest amount or value.

[YuginKadoya]

When we see the value of Bitcoin go up, we're like yeeeeyyy. Then when we see the value of Bitcoin go down , we're like awwwwww.

It's very simple actually - people put confidence out of an increasing market. People keep waiting for the price to go up, because their confidence is increasing alongside the price that is increasing. At the time they finally pull the trigger to start buying, they enter the market at near peak levels. If the price goes down after that, which is a normal market movement as people secure profits, they lose all confidence. In that regard, when you see people complain about a 15% drop, while the price has gone up like +100% in the last months, it's mostly all related to that.

I guess it is the human nature to incline more on the negative possibilities than on the positive outcome. And I mean it in a positive way, where it is good to incline more on the negative possibilities; to always have a Plan B, so that we are not gonna be surprised to that outcome.

We can not control other peoples decision, it is there own will, it is on us if we want to succumb in their ways or not but as the bitcoin decline in value do we really take fear out of it? or are we're gonna still holding onto it and Wait for another come back? in my opinion I would just really wait for the big jump in the price even if they are spreading FUD because of the impending Split I will keep on holding until the last day of July. or if I can feel that the split is nearing it's course.

Then why don't you just state what you have experienced so far and then explain it to them in details to have more of your idea in BTC community, to make them realize that there is nothing to be feared about.

Right now I am experiencing great over the past 2 years earning Bitcoin and the price right now is a real great thing in investing your money with bitcoin but I think in the impending Split I would just gonna convert my bitcoin;s to fiat just to be safe in the split, you can surely have a wallet that are really secure because we can never guess what would happen in August 1 it is a risk what they are trying to do and just to be safe we should take a precaution with our wallets, if you don't know that BU and Segwit are gonna do to bitcoin then you need to read more in the forums.

[DaftAjax]

Right now I am experiencing great over the past 2 years earning Bitcoin and the price right now is a real great thing in investing your money with bitcoin but I think in the impending Split I would just gonna convert my bitcoin;s to fiat just to be safe in the split, you can surely have a wallet that are really secure because we can never guess what would happen in August 1 it is a risk what they are trying to do and just to be safe we should take a precaution with our wallets, if you don't know that BU and Segwit are gonna do to bitcoin then you need to read more in the forums.

That is true, in the incoming Split we have to take caution, we do not know what would be the outcome so its better safe than sorry. Well there could also be a possibility that it will not be a negative outcome like dropping the rate of BTC again.

I'm confused, why would you convert your Bitcoin before the incoming Split? I suggest that you just have to make an offline wallet or hardware wallet, it has so far the most secured place and, not only that you don't have to convert you BTC to fiat having the reason of, its not the right time to convert.

[Kemarit]

Looks like the price is dipping at $2600 right now from a high of $2700. I don't know what is the reason behind this but from yesterday, the price is going strong. Its weekends and the price should be stable. I really do think that the Segwit2x might have something to do with the price of bitcoin fluctuating from $2600-$2700. Investors are in doubt what will happen after Aug 1 that's why the buying is slow and now the dumping has started again. I guess, we should all wait what will really happen after the activation and maybe we can see the price rise again to touch $3000.

[Skarner21]

Its just a whales trying to push down the price. as you can seen there are still other people are buying more than selling i think its a group of whales and they are now selling their bitcoins but there are still other supporters are still buying to control the price down..
For now its not a good idea to sell our bitcoin much better to invest more bitcoin while the price is low because sooner if other traders seen the price down they will buy more bitcoins..

[DaftAjax]

When trading, it is actually normal for the price to fluctuates. That only means to show that the demand of bitcoins in the market is progressing or sometimes declining because of the news or updates it brought us. And sometimes traders take advantage when bitcoin dumps because they can buy them at its lowest amount or value.

I have a theory for this. Having you trading Bitcoin or even converting Bitcoin, will not have that much of a difference in the chart if you have so little numbers of this coin. Now, what I'm trying to point out is that, there are people who're major holders of Bitcoin, and what I mean about major holders is that, they have literally have numbers of Bitcoin in masses. So whenever they trade, sell, or convert, it affects the chart so much.