Relax people.

[cbeast]

This forum is where I learned of the Dead Cat Bounce effect. Two steps forward, one step back. Drive on, Bitcoin.

You got it wrong. Can't tell if trolling...

It appeared that was a classic pump and dump attempt to cause a panic sell. It only partially worked and it appears that Bitcoin is becoming quite resistant to manipulated volatility.

Then you misused the term Dead Cat bounce, since that implies 2 steps back and one forward not verse visa.

That was how I learned of it in 2011 when Bitcoin dropped into near oblivion. That's when I doubled down. Bitcoiners are getting smarter and realizing that PnD no longer has a great effect.

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[stochastic]

Best metric is to read reddit/r/bitcoin and see how many posts predict it will go to $1000.  That is selling time because the market is saturated with no one left to buy.

Where's the saturation you've mentioned? You mean a small cake of 50g can feed up 1000 people?

Sure, if not everyone wants to eat.

[ElectricMucus]

This forum is where I learned of the Dead Cat Bounce effect. Two steps forward, one step back. Drive on, Bitcoin.

You got it wrong. Can't tell if trolling...

It appeared that was a classic pump and dump attempt to cause a panic sell. It only partially worked and it appears that Bitcoin is becoming quite resistant to manipulated volatility.

Then you misused the term Dead Cat bounce, since that implies 2 steps back and one forward not verse visa.

That was how I learned of it in 2011 when Bitcoin dropped into near oblivion. That's when I doubled down. Bitcoiners are getting smarter and realizing that PnD no longer has a great effect.

Well if not we will find out shortly

[goldlyre]

The train is suspending temporarily to take bunker and replenish provisions. As soon as those whose DCAs are low have sold off we shall resume our journey.   

See?    

[Wilhelm]

Ladies and Gentlemen we are experiencing some turbulence.
Please put your chair and tray table in the upright position.
Weak hands may pussy out and leave the plane at any time.
Please use the rear doors, parachutes will be provided to you on exit.
All others please enjoy the in-flight entertainment.
 

[donrico77]

Hi there! Sometimes relaxing is such a different problem, I know Espesially for traders and sellers. But you know for myself I prefer some calming drugs. ice strain is what I prefer. Just have a look! Good luck!

Man , You just did reply to 6 year old thread

[el kaka22]

I think people are just worried because we were going so well with the bull run and then we stopped. I think the problem is not going down from 13+ thousand dollars to 11 thousand dollars, that happens, if we moved back up once again nobody would mind, I mean does it really matter to you if we went from 13 to  11 to 15 if we eventually still hit back higher than before? It totally shouldn't.

However, we went from 13 to 11 but then didn't moved up which made people scared, they should not be but I can understand them. Bitcoin prices usually always go up in the long run, there is no way it will stop right now and start going down to zero, so even if we stay here for a while or even go down later, just be patient and hold your bitcoins because in the end one day you will make a good profit.

[bitbunnny]

I think people are just worried because we were going so well with the bull run and then we stopped. I think the problem is not going down from 13+ thousand dollars to 11 thousand dollars, that happens, if we moved back up once again nobody would mind, I mean does it really matter to you if we went from 13 to  11 to 15 if we eventually still hit back higher than before? It totally shouldn't.

However, we went from 13 to 11 but then didn't moved up which made people scared, they should not be but I can understand them. Bitcoin prices usually always go up in the long run, there is no way it will stop right now and start going down to zero, so even if we stay here for a while or even go down later, just be patient and hold your bitcoins because in the end one day you will make a good profit.

Yes, people are worried every time when the price is falling and the same story repeats every time. It's funny how we actually have euphoria all the time  - positive when price is on the rise and negative when starts to fall. I can't understand how bitcoiners never use that this is the cycle that always repeats. Bitcoin is volatile but you can't expect positive trend only. Have a little patience and use past experience.

[Ayiranorea]

It was the thread that has got created when the market price of bitcoin was close to $17, and the discussions were the users getting into selling on panic. Now the market has got relative to the thread that was created years back. What we see is a mild drop in the value which will stabilize, gain momentum and will reach the new ath of the year in the coming months.

[stadus]

Seems like there's quite a lot of panic selling going on. If you're new to this, relax, we're not going down to 0. 

Panic is over I guess since bitcoin is already back up at $10,000.
There's been a huge increase in the  past weeks, I think this down trend is necessary to make the market more stronger.

Now let's stop talking about down, let's talk about the next high this year.

 Bear is over my friend. 

[bitbunnny]

From.euphoria and exaggerated predictions how Bitcoin price will cross 20k to panic selling. We've seen that already before, nothing new. And seems that many never learn anything from similar situations. I stopped bothering about that long ago and in situations like this some threads here on forum is better to avoid.

[fabiorem]

[onrise]

Seems like there's quite a lot of panic selling going on. If you're new to this, relax, we're not going down to 0.  

I believe that for further increase to happen, there should be some drop so that the force will be built again to go pass the previous stage. This is how the commodity, currency and crypto market operates. So we need not worry too much when that times comes.

It is just a temporary fall which happens and nothing to worry as rise is inevitable and will happen soon. Also a good time for people to buy more at this fallen prices so that can make money on the rise time and invest as well for long term .

[Wilhelm]

RIP $17 BTC 

[Reid]

Still expensive for me.

Let them dump it. I want more bitcoin.  
Please do not stop until you hit my number.  

Do panic. Let the weak hands have no more chance to buy bitcoin again. Just to stop this mess again.

[BY_ATOM]

This forum is where I learned of the Dead Cat Bounce effect. Two steps forward, one step back. Drive on, Bitcoin.

You can take a risk and buy bitcoin now on the decline. And sell it on a new wave of HYIP. And at the same time make good money)))

[BitHodler]

Panic sellers at $17 are probably enjoying the ride so far. Time to panic buy!

This old post is hilarious considering that we are still going through the same cycles where fear and greed rule the market-- the only difference is the price. I hope people will understand that.

Most of us aren't as much of an early bird as these people were, but looking back at the price of $800 in 2017 and now $11k, that's pretty damn early too. You're only too late by the time we're hovering over $100-$200k.

You can take a risk and buy bitcoin now on the decline. And sell it on a new wave of HYIP. And at the same time make good money)))

Sell during a new wave of HYIP? Do you ever read what you write before hitting post?

[btc_angela]

Panic sellers at $17 are probably enjoying the ride so far. Time to panic buy!

This old post is hilarious considering that we are still going through the same cycles where fear and greed rule the market-- the only difference is the price. I hope people will understand that.

Most of us aren't as much of an early bird as these people were, but looking back at the price of $800 in 2017 and now $11k, that's pretty damn early too. You're only too late by the time we're hovering over $100-$200k.

Yes, very interesting post back then. The cycle just repeats itself I guess. Back in the days there are people who panics and we have seen this happen again this year. So for those who have read that old post, think again before you sell. What you think is expensive today but might be lambo in the next 2-5 years. 

[omonuyak]

This forum is where I learned of the Dead Cat Bounce effect. Two steps forward, one step back. Drive on, Bitcoin.

You can take a risk and buy bitcoin now on the decline. And sell it on a new wave of HYIP. And at the same time make good money)))

That is it! Many people are out there making money and that means following the hyip is the right thing to do if we want to make money from this market. I am happy to get this thread that keep encouraging people to jeep holding when ever there is a serious dump! Most time Bitcoin do create a new high after serious dip and that means those that buy bitcoin around $17000 should keep holding as bitcoin is going to recover .

[bitgolden]

I think there is a big difference between those times and today. For example if one person wants to change the price of bitcoin all by themselves they could have changed the price with couple million dollars easily back in those days, literally buy 1 million dollars worth of bitcoin and you could change it to maybe double and even more.

However, today you can spend a million dollars to increase the price and it probably would only move couple cents at most, wouldn't have any bigger change than we already have naturally. I am still bull on bitcoin and think it will go up but comparing 2013 and today is just ignorant, seeing those drops and thinking it happened before and it will happen again so lets buy is wrong in so many levels. Yes it will go up but not because of same reasons as 2013.