panic selling

[deisik]

The bitcoin price is very stable at the moment. There is just very slight drop. But that is normal volatility.

It's kind of stable, I wouldn't say that it is very stable though. "Stable" would mean that there is very, very, very little volatility and we wouldn't see changes of $5 in magnitude every few hours. We would see maybe something like $1 change a day, similar to gold

Gold only appears to be stable, but it is a deceptive stability. In fact, it is not uncommon for it to suddenly make price swings in the range of a few percent ($30-50 in absolute terms) within a day or two. And then stay frozen for another week (or two, lol)...

You just need to keep a keener eye on it to see these moves

[Gahs]

We are long past the days of selling bitcoins in a panic, though the world has not yet adopted it, the relatively few adopters have come to trust the system.

[randy8777]

We are long past the days of selling bitcoins in a panic, though the world has not yet adopted it, the relatively few adopters have come to trust the system.

people will stay panic selling. that will never change. just look at stocks, as soon as there is something that people consider to be bad news, they start panic selling like there is no tomorrow. just to prevent themselves from making losses. it allows smart traders to benefit from that situation and buy up at lower prices.

[Shiroslullaby]

it allows smart traders to benefit from that situation and buy up at lower prices.

Exactly. If BTC fell to $600 I would be panic buying.
Even if I lost money now, I look at is as a long-term investment.

Every day we see a sharp drop of $10-15 and then it goes right back up.
I guarantee there are some people buying a large amount of coins during those hours.

[sbtctalk]

it allows smart traders to benefit from that situation and buy up at lower prices.

Exactly. If BTC fell to $600 I would be panic buying.
Even if I lost money now, I look at is as a long-term investment.

Every day we see a sharp drop of $10-15 and then it goes right back up.
I guarantee there are some people buying a large amount of coins during those hours.

Yes. Every 10 BTC traded would yield the trader USD 100 minimally. Has money evaporated from wall street? It is now in crypto?

[anthonydar]

it allows smart traders to benefit from that situation and buy up at lower prices.

Exactly. If BTC fell to $600 I would be panic buying.
Even if I lost money now, I look at is as a long-term investment.

Every day we see a sharp drop of $10-15 and then it goes right back up.
I guarantee there are some people buying a large amount of coins during those hours.

That could be too early to panic buy at $600. Maybe it is better to buy a lot when the price drops to $560.

[Mauser]

it allows smart traders to benefit from that situation and buy up at lower prices.

Exactly. If BTC fell to $600 I would be panic buying.
Even if I lost money now, I look at is as a long-term investment.

Every day we see a sharp drop of $10-15 and then it goes right back up.
I guarantee there are some people buying a large amount of coins during those hours.

That could be too early to panic buy at $600. Maybe it is better to buy a lot when the price drops to $560.

Yeah 500-550$ seems a pretty low point to get more bitcoins. I am not buying any coins at the moment but would also not sell them. Even if the price starts dropping.

[carlfebz2]

it allows smart traders to benefit from that situation and buy up at lower prices.

Exactly. If BTC fell to $600 I would be panic buying.
Even if I lost money now, I look at is as a long-term investment.

Every day we see a sharp drop of $10-15 and then it goes right back up.
I guarantee there are some people buying a large amount of coins during those hours.

That could be too early to panic buy at $600. Maybe it is better to buy a lot when the price drops to $560.

Yeah 500-550$ seems a pretty low point to get more bitcoins. I am not buying any coins at the moment but would also not sell them. Even if the price starts dropping.

$500 mark up would be the best time to buy and you can gain profit when the price bounces back  then its a sure  amount. Many would probably panic buying when that time comes. I would hold my bitcoin as of now waiting for the possible lowest price  would bitcoin have.

[pearnapple]

We are long past the days of selling bitcoins in a panic, though the world has not yet adopted it, the relatively few adopters have come to trust the system.

thats true, there are no huge dumps right now, i think that from now on the price might only grow because people seem to want to use bitcoins

[Blackmet]

We are long past the days of selling bitcoins in a panic, though the world has not yet adopted it, the relatively few adopters have come to trust the system.

thats true, there are no huge dumps right now, i think that from now on the price might only grow because people seem to want to use bitcoins

I can't agree with you, cause someday , some big guy will start agressie politics vs bitcoin and price will start increasing/decreasing like crazy.

[funbarrel]

We are long past the days of selling bitcoins in a panic, though the world has not yet adopted it, the relatively few adopters have come to trust the system.

well i hope you are right, but nowadays there are still a lot of people who sell their bitcoins if they want to not lose their money, though thats just my opinion

[clickerz]

$500 mark up would be the best time to buy and you can gain profit when the price bounces back  then its a sure  amount. Many would probably panic buying when that time comes. I would hold my bitcoin as of now waiting for the possible lowest price  would bitcoin have.

Thanks for the insights. Also, I agree that and in my opinion bitcoin price is is not an alarm yet for panic selling. In addition, bitcoin at $500.00 is also a good buy and its a good price to gain profit. Much lower the better.

[Pab]

That small price drop can be step down before next price rise,it was lke that previously it is always like that

[Doamader]

Bitcoin as i had said before is finding its new value, some people expected to it reach the 700 dollars or above ammounts, some people said 500 -600 dollars would be the new value of bitcoin has nothing that could affect the price last year of 250-300 dollars  to make such change. Soo bitcoin will for sure being test new values and the community support over the next months.

[fravia]

We are long past the days of selling bitcoins in a panic, though the world has not yet adopted it, the relatively few adopters have come to trust the system.

i hope you are right but people are still panic selling their bitcoins form time to time in order not to lose their money if the price is going to be dumped

[cleverlittleme]

We are long past the days of selling bitcoins in a panic, though the world has not yet adopted it, the relatively few adopters have come to trust the system.

i hope you are right but people are still panic selling their bitcoins form time to time in order not to lose their money if the price is going to be dumped

If the selling would be caused by panic, I think it would go down much faster.
This is some calculated selling, maybe to keep the winnings from befor halving day.

[jaysabi]

it allows smart traders to benefit from that situation and buy up at lower prices.

Exactly. If BTC fell to $600 I would be panic buying.
Even if I lost money now, I look at is as a long-term investment.

Every day we see a sharp drop of $10-15 and then it goes right back up.
I guarantee there are some people buying a large amount of coins during those hours.

Now that Bitcoin is approaching $600, the question is are you panic buying? If $600 is the point at which you should be furiously panic buying, surely $610 is low enough to be buying.

[jaysabi]

it allows smart traders to benefit from that situation and buy up at lower prices.

Exactly. If BTC fell to $600 I would be panic buying.
Even if I lost money now, I look at is as a long-term investment.

Every day we see a sharp drop of $10-15 and then it goes right back up.
I guarantee there are some people buying a large amount of coins during those hours.

Yes. Every 10 BTC traded would yield the trader USD 100 minimally. Has money evaporated from wall street? It is now in crypto?

Hedge funds are undoubtedly dabbling in Bitcoin, but Wall Street deals in trillions of dollars in cumulative value, dropping a couple million into Bitcoin wouldn't be noticeable.

[klf]

We are long past the days of selling bitcoins in a panic, though the world has not yet adopted it, the relatively few adopters have come to trust the system.

i hope you are right but people are still panic selling their bitcoins form time to time in order not to lose their money if the price is going to be dumped

If you see prices are going down than it is good practice to sell any product which you already made some profit and can buy later at a lower price instead just keep looking at prices. I also usually follow this method and save I only small amount of BTC for long term appreciation. I sold most of my BTC above 670 level and waiting to start accumulate around 600.

[anthonydar]

We are long past the days of selling bitcoins in a panic, though the world has not yet adopted it, the relatively few adopters have come to trust the system.

i hope you are right but people are still panic selling their bitcoins form time to time in order not to lose their money if the price is going to be dumped

If you see prices are going down than it is good practice to sell any product which you already made some profit and can buy later at a lower price instead just keep looking at prices. I also usually follow this method and save I only small amount of BTC for long term appreciation. I sold most of my BTC above 670 level and waiting to start accumulate around 600.

It is difficult to get the timing right. So I do not trade the bitcoins. I just buy the bitcoins when the price is low and then hold.