panic selling

[Cereberus]

the price will drop so much but don't worry there is always more people that buy bitcoin than the numbre who sell his bitcoin in the market so the price will drop a little then go back to grow

I think the price of bitcoin still be stuck in the price level of $ 600 as volume or demand bitcoin is big enough
and can cover alternating panic selling that occurred earlier

You are right as it has dropped down again to a low level earlier today but since rebounded to what it was last week. It will stay in the $600's as you say it will.

[Strongkored]

the price will drop so much but don't worry there is always more people that buy bitcoin than the numbre who sell his bitcoin in the market so the price will drop a little then go back to grow

I think the price of bitcoin still be stuck in the price level of $ 600 as volume or demand bitcoin is big enough
and can cover alternating panic selling that occurred earlier

You are right as it has dropped down again to a low level earlier today but since rebounded to what it was last week. It will stay in the $600's as you say it will.

Even if the price drops below $600, it is fine. It is still within the recent trading rang of $500 to $800.

[Doms]

the price will drop so much but don't worry there is always more people that buy bitcoin than the numbre who sell his bitcoin in the market so the price will drop a little then go back to grow

I think the price of bitcoin still be stuck in the price level of $ 600 as volume or demand bitcoin is big enough
and can cover alternating panic selling that occurred earlier

You are right as it has dropped down again to a low level earlier today but since rebounded to what it was last week. It will stay in the $600's as you say it will.

Even if the price drops below $600, it is fine. It is still within the recent trading rang of $500 to $800.

I wouldn't panic sell even if the price goes below $600, the price in which I am still waiting for the opportunity to buy. The last time I bought was at around $560 and it has not touched the price since then. With the current price and the weekend approaching, I will closely be observing the price to see if there's an opportunity to buy.

[Taki]

I think it is gonna be some effect on bitcoin price if someone holder or holders of big amount of bitcoins will decide to sell it. I am not an expert in this and bitcoin economy, but if it happen my prediction about the result will not be positive. it may affect for biggest drop price of bitcoin in caouple hours.

[Sled]

I think it is gonna be some effect on bitcoin price if someone holder or holders of big amount of bitcoins will decide to sell it. I am not an expert in this and bitcoin economy, but if it happen my prediction about the result will not be positive. it may affect for biggest drop price of bitcoin in caouple hours.

That's right the big holders or what we called whales if they sell all their coins that they're holding as of now it will be a huge negative effect on the price of bitcoin like getting a massive drop and maybe the price would go back to $400 or even lower.

[blackmachinegun]

I don't see alot of panic selling right now. Bitcoin price is staying relatively the same for this past weekend at high $600's. That wouldn't case a mass sell off. Maybe if it dropped all the sudden below $490's then I can see that happening.

prices fell toward $ 610 I thought it was not because of panic seling for halving not happened. I think this because it was created by big traders or have the effect of brexit so the price down. Fortunately bitcoin still have large volume that makes the price remains above $ 600

[HeroCat]

There are too many worldwide BTC users already, Bitcoin is not like altcoin, where you can make fast buy/sale and the withdraw your profit.

[mOgliE]

As most people said, it's uncanny that one or just a fe people own enough btc to act strongly on the price.

BUT, tomorrow after the halving... Well thousands of people will have bought btc during last days and all of them will want to sell it right after... So that could create a huge loss in this case.

[randy8777]

As most people said, it's uncanny that one or just a fe people own enough btc to act strongly on the price.

BUT, tomorrow after the halving... Well thousands of people will have bought btc during last days and all of them will want to sell it right after... So that could create a huge loss in this case.

people are very alert at this point. i am quite sure that people are ready to start selling and create a massive red candle as the price won't go up as much as they were hoping for. if this dump will indeed happen, then we'll see the price dive well below $600 directly after the halving.

[Doamader]

Some people may dump their coins into the halving moment or before, the market are with huge speculation and expectation around the new value of bitcoin. This always happens when the price gets up too fast, with or without the halving. The only difference is people are expecting another pump into bitcoin, soo till they see that price wont go up as expected they will drop some coins.

[Yesterdam]

As most people said, it's uncanny that one or just a fe people own enough btc to act strongly on the price.

BUT, tomorrow after the halving... Well thousands of people will have bought btc during last days and all of them will want to sell it right after... So that could create a huge loss in this case.

There will be no big selling tomorrow. The big selling already happened yesterday. The price will not move tomorrow.

[X7]

What if somebody will make a huge dump and sell it all the way to earn some profits because of this rally in bitcoin,and someone sees it and do that same thing. Is there any effect on bitcoin when someone to this,?

You just described the worlds stock market yes - it goes down. then it comes back up, then it goes down. Roller coaster of fear and greed

[LucioTan]

What if somebody will make a huge dump and sell it all the way to earn some profits because of this rally in bitcoin,and someone sees it and do that same thing. Is there any effect on bitcoin when someone to this,?

Yes, it has a huge effect. Some call it " Chain reaction". It is when they saw many are selling their coins and the price is gradually decreasing. The first that comes to their mind is to sell their coins as soon as possible when the price is still high fearing that they will have a profit lost. Because of it, the stocks of bitcoins increases and the market value of it decreases causing the price of it to drop. Then when the price is low, many will tend to buy and it will cost a shortage in stocks that will make its market price high.

[Mr.grin]

I think the main cause of decline in the bitcoin is due to panic sell.
it can make bitcoin price drop in one night, so I guess we better hold bitcoin that we have with quite a long time, because I believe bitcoin prices will definitely rise again

[opossum]

I think the main cause of decline in the bitcoin is due to panic sell.
it can make bitcoin price drop in one night, so I guess we better hold bitcoin that we have with quite a long time, because I believe bitcoin prices will definitely rise again

Price is going down at a moment is only because people have started to sell their coins if people would be buying right now then I think we would be at much more higher level.

[Doamader]

As expected some people dumped their bitcoins at 700 dollars, and now they dumping at 600 dollars again, miners as whales are having fun dumping bitcoin a bit buying it for the lower value possible before the new value that bitcoin will achieve soon or later. Like i had read the bitcoin wont return to the past value, 100 dollars, 300 dollars, 400 dollars this is gone now we have just 600 dollars worth.

[Nevis]

You would get a clearer answer if you specify the amount of bitcoin which are going to be sold. "Huge" can be anywhere from 1000BTC to 1MBTC. The former won't even move the market while the latter will likely result in a substantial drop on the price.

I totally agree with you that if there are no substantial amount of bitcoins sold in the market like the amount you have mentioned then it cannot be called panic selling. Why would there be panic selling in the first place, it is the most unlikely thing to do for a bitcoin stockholder since bitcoin will not have a price deflation.

[Strongkored]

You would get a clearer answer if you specify the amount of bitcoin which are going to be sold. "Huge" can be anywhere from 1000BTC to 1MBTC. The former won't even move the market while the latter will likely result in a substantial drop on the price.

I totally agree with you that if there are no substantial amount of bitcoins sold in the market like the amount you have mentioned then it cannot be called panic selling. Why would there be panic selling in the first place, it is the most unlikely thing to do for a bitcoin stockholder since bitcoin will not have a price deflation.

There is no panic selling recently. that is a normal profit taking. The price rose 60% in just a few days.

[jaysabi]

What if somebody will make a huge dump and sell it all the way to earn some profits because of this rally in bitcoin,and someone sees it and do that same thing. Is there any effect on bitcoin when someone to this,?

You just described the worlds stock market yes - it goes down. then it comes back up, then it goes down. Roller coaster of fear and greed

The difference between the stock market and Bitcoin is that stocks represent ownership in an underlying business that enervates profits. As an owner of that business, the stockholder is entitled to a share of those profits. Bitcoin is merely an asset. It doesn't generate any income.

[jaysabi]

You would get a clearer answer if you specify the amount of bitcoin which are going to be sold. "Huge" can be anywhere from 1000BTC to 1MBTC. The former won't even move the market while the latter will likely result in a substantial drop on the price.

I totally agree with you that if there are no substantial amount of bitcoins sold in the market like the amount you have mentioned then it cannot be called panic selling. Why would there be panic selling in the first place, it is the most unlikely thing to do for a bitcoin stockholder since bitcoin will not have a price deflation.

The most likely reason would be that people bought with the expectation of price increases too close to the halving. People assumed the halving would mean a doubling of the price after the halving, ignoring the fact that markets are forward looking and that if the halving was to double the price, it would have happened slowly and gradually before the halving, not after. And that's exactly what happened. Since last August, the price has more than doubled. (Almost tripled.) People who missed that run up and expected to have big profits buying late in that rally would be worried about loss of capital once the people who bought a long time ago start taking their profits. The race to the exit could hammer the price.

In short, the majority of people don't buy Bitcoin to hold it long term. They buy it to trade for USD profit.