The price drop

[Element18592]

Im completely new to this an excuse me as im sure i sound like an idiot here, but i started this about a week ago and had $270 bucks worth of btc and now im down to $210 ish. Should i sell or hold out? Any advice from someone with experience in this?

[poplolnman]

Im completely new to this an excuse me as im sure i sound like an idiot here, but i started this about a week ago and had $270 bucks worth of btc and now im down to $210 ish. Should i sell or hold out? Any advice from someone with experience in this?

if you still feel insecure just cut your loss by now . but as many people prediction that bitcoin halving would make bitcoin price skyrocket to the highest ever above $1,200 i suggest you to keep holding and wait for a good time to sell. just don't panic, price dropped no problem it's a sign of skyrocket price for me.

[Wilhelmer]

It is unnerving to see the price decline by so much over just a few days when it took a few weeks to shoot up. Not sure whether this bodes well when halving comes, or it's a pullback slingshot. Either way, i'm keeping my BTC and getting more whenever possible.

However, it's quite apparent that BTC sellers went into ETH instead. Just look at ETH's rise even in the crapstorm recently. Way too many strange events happening over this period that is too coincidental. DAO Exploit, Bitfinex going down, BTC dumping, Gatecoin's fundrising to reimburse users (i would say what good timing to buy when ETH was at 0.012 levels!),etc.

[Wilhelmer]

Im completely new to this an excuse me as im sure i sound like an idiot here, but i started this about a week ago and had $270 bucks worth of btc and now im down to $210 ish. Should i sell or hold out? Any advice from someone with experience in this?

I would start putting that amount of BTC into other altcoins so that it grows.

[bones261]

Im completely new to this an excuse me as im sure i sound like an idiot here, but i started this about a week ago and had $270 bucks worth of btc and now im down to $210 ish. Should i sell or hold out? Any advice from someone with experience in this?

You can use your bitcoin holdings to learn how to trade. Or branch off into the altcoin scene. Be warned, that the crypto scene is like the wild west, and is not for everyone. If you do not think you want to play around in this sandbox, I recommend that you sell now and cut your losses.

[Schuyler]

Im completely new to this an excuse me as im sure i sound like an idiot here, but i started this about a week ago and had $270 bucks worth of btc and now im down to $210 ish. Should i sell or hold out? Any advice from someone with experience in this?

You can use your bitcoin holdings to learn how to trade. Or branch off into the altcoin scene. Be warned, that the crypto scene is like the wild west, and is not for everyone. If you do not think you want to play around in this sandbox, I recommend that you sell now and cut your losses.

Those are just paper losses and there's still a chance to recoup those losses. Just don't rush in trying to recover what you've lost because that might wipe everything that you have. As mentioned above, bitcoin and altcoin trading is not for everyone, and unless you have a good entry or exit point strategy, stay away from trading.

[duts_bg]

Last month, the profit from BTC is good enough. If I was playing on FOREX, I would procure myself with  dollars for the show,  expected this night - BREXIT. When it ended, however I would looked around to open new positions in BTC.

http://www.independent.co.uk/news/business/news/eu-referendum-brexit-currency-pound-traders-exchange-rates-barclays-jpmorgan-chase-a7096951.html

[romero121]

The price drop might get continued till touching $500. In my view there's nothing to get panic on the decrease. During the close days of halving surely we'll experience steep rise which takes the price to touch 4digit.

[bones261]

The price drop might get continued till touching $500. In my view there's nothing to get panic on the decrease. During the close days of halving surely we'll experience steep rise which takes the price to touch 4digit.

Well this uptrend will have to be a dead cat bounce then if it is going to touch 500. Let's keep our fingers crossed that it isn't a dead cat bounce.

[lottery248]

the bitcoin block is halving, so that the volatile bitcoin activity happened, apart from what you just said, in fact.
by the way, you can risk a little of like $10 if you believe the price will go up after this drop.

[onemd]

Well bitcoin is coming back up again. its price right now is 659.9 USD as I type now. I think it will go up more than that just wait for it. 

The price is still around $660 at the moment. It is consolidating after the big price. It might stay here for a few weeks.

[ASHLIUSZ]

Well bitcoin is coming back up again. its price right now is 659.9 USD as I type now. I think it will go up more than that just wait for it. 

The price is still around $660 at the moment. It is consolidating after the big price. It might stay here for a few weeks.

Bitcoin price appears to be moving sideways between $620 and $680 while traders wait for larger market catalysts. If sellers push harder, a break below support could send bitcoin lower by $60 or the same size as the range.

[onemd]

Well bitcoin is coming back up again. its price right now is 659.9 USD as I type now. I think it will go up more than that just wait for it. 

The price is still around $660 at the moment. It is consolidating after the big price. It might stay here for a few weeks.

Bitcoin price appears to be moving sideways between $620 and $680 while traders wait for larger market catalysts. If sellers push harder, a break below support could send bitcoin lower by $60 or the same size as the range.

If the price drops below %600, it can come back very quickly. The balance of the price is between $630 to 680.

[universe_]

Well bitcoin is coming back up again. its price right now is 659.9 USD as I type now. I think it will go up more than that just wait for it. 

The price is still around $660 at the moment. It is consolidating after the big price. It might stay here for a few weeks.

Bitcoin price appears to be moving sideways between $620 and $680 while traders wait for larger market catalysts. If sellers push harder, a break below support could send bitcoin lower by $60 or the same size as the range.

If the price drops below %600, it can come back very quickly. The balance of the price is between $630 to 680.

i dont think that the price is going to drop that much, though if it will happen there might be a panic sell then and the price might recover only after really long period of time

the price drop is not going to happen any time soon, in my opinion we can expect a big growth really soon, it would make us all some good money really fast, that would be cool to be honest

[Mr.grin]

indeed bitcoin prices could drop, priced $ 740 to $ 630, but the current bitcoin prices are rising quite slowly, and the price of bitcoin in preev.com now be $ 688. only a matter of time until bitcoin prices returned to the price of $ 740 or more

[nururochac]

Im completely new to this an excuse me as im sure i sound like an idiot here, but i started this about a week ago and had $270 bucks worth of btc and now im down to $210 ish. Should i sell or hold out? Any advice from someone with experience in this?

You better hold for a long-term since the price will not constantly fall down, there is and always be an ups on the coin and more ups will be coming for next years. Just have a patience and that patience will result to something good.

[HarryKPeters]

Im completely new to this an excuse me as im sure i sound like an idiot here, but i started this about a week ago and had $270 bucks worth of btc and now im down to $210 ish. Should i sell or hold out? Any advice from someone with experience in this?

You better hold for a long-term since the price will not constantly fall down, there is and always be an ups on the coin and more ups will be coming for next years. Just have a patience and that patience will result to something good.

The drop is normal with bitcoin. So are pumps. I've checked and on some exchanges we already see the price going to 700 dolars.
Perhaps a mini pump for the halving?

[dezoel]

Im completely new to this an excuse me as im sure i sound like an idiot here, but i started this about a week ago and had $270 bucks worth of btc and now im down to $210 ish. Should i sell or hold out? Any advice from someone with experience in this?

You better hold for a long-term since the price will not constantly fall down, there is and always be an ups on the coin and more ups will be coming for next years. Just have a patience and that patience will result to something good.

The drop is normal with bitcoin. So are pumps. I've checked and on some exchanges we already see the price going to 700 dolars.
Perhaps a mini pump for the halving?

It may be or may be not as no one can know what will be the price in coming days, only halving can show us the real scenario and exact price of bitcoin, so holding and waiting is the only choice left for us.

[onemd]

Im completely new to this an excuse me as im sure i sound like an idiot here, but i started this about a week ago and had $270 bucks worth of btc and now im down to $210 ish. Should i sell or hold out? Any advice from someone with experience in this?

You better hold for a long-term since the price will not constantly fall down, there is and always be an ups on the coin and more ups will be coming for next years. Just have a patience and that patience will result to something good.

The drop is normal with bitcoin. So are pumps. I've checked and on some exchanges we already see the price going to 700 dolars.
Perhaps a mini pump for the halving?

It may be or may be not as no one can know what will be the price in coming days, only halving can show us the real scenario and exact price of bitcoin, so holding and waiting is the only choice left for us.

I think the price of bitcoin will not rise a lot in the short term. The price has already rise in the past few months.

[socks435]

Im completely new to this an excuse me as im sure i sound like an idiot here, but i started this about a week ago and had $270 bucks worth of btc and now im down to $210 ish. Should i sell or hold out? Any advice from someone with experience in this?

You better hold for a long-term since the price will not constantly fall down, there is and always be an ups on the coin and more ups will be coming for next years. Just have a patience and that patience will result to something good.

The drop is normal with bitcoin. So are pumps. I've checked and on some exchanges we already see the price going to 700 dolars.
Perhaps a mini pump for the halving?

It may be or may be not as no one can know what will be the price in coming days, only halving can show us the real scenario and exact price of bitcoin, so holding and waiting is the only choice left for us.

I think the price of bitcoin will not rise a lot in the short term. The price has already rise in the past few months.

I think no rise will happen until block halving because many news all cloud mining site are turn into scam and i think those bitcoin scam by some will be converted into fiat or they sell it so the price will decrease..