Panic sellers got flushed fast

[Ayers]

You talk like it's a thing of the past... The price is still tanking as predicted. And will continue to do so for the forseeable future.

I thought you were all so sure bitcoin could only go up up up with Trump being the winner. LOL

why you say it tanking i only see a good increase there, price is strong and growing steady, if we can continue this pattern i'm sure $800 will be a memory in no time

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[CyberKuro]

Panic selling  is  just  normal  for those  who have idea  on a certain dump of bitcoin price. FOr those  newbies out there  expecially on trading they  would surely  sell  out their bitcoins because they are   afraid to  loose  even  more  money and    as  OP mentioned  we are  now  holding on  $700 mark  and  hopefully it would not  stay  below  that price.

Yeah, so many people get involved in bitcoin world just looking for what time to sell again my coin before the price go down.
That's why the price get decrease in earlier days and today, don't know how much it will be on tomorrow.
Bitcoin has a good foundation as first digital currency and its already perfect coin as well.
so many potential of bitcoin and could be stronger medium of exchange if 'the buy and seller' think it properly.

[arbitrage001]

I feel bad for all the noobs that panic selled at the controlled dump of the other day with the china ban news. Its obvious whales wanted to get more cheap btc and shaked all the idiots out with panic, now we are back to 700+ and looking strong. Hold.

Hence it is important not to risk money one can not afford to lose.

[Shiroslullaby]

Price dropping back to just about $700.
Is now a good time to buy some coins?
If we don't get some movement to the 750-800 range I fear price could possibly drop back to around $650.
(Probably not much lower though. I see some people saying it could drop to 450-500 but that seems far to low to me.)

[CoinCidental]

I feel bad for all the noobs that panic selled at the controlled dump of the other day with the china ban news. Its obvious whales wanted to get more cheap btc and shaked all the idiots out with panic, now we are back to 700+ and looking strong. Hold.

Hence it is important not to risk money one can not afford to lose.

Hence it is also important to get your money out of Fiat ASAP  if you want to preserve your wealth

If you have cash savings you want to get it into something like btc sooner rather than later...

Check this calculator to see how much you lose by hoarding cash :

http://data.bls.gov/cgi-bin/cpicalc.pl

[Shiroslullaby]

Check this calculator to see how much you lose by hoarding cash :

http://data.bls.gov/cgi-bin/cpicalc.pl

The US dollar has about 250% inflation since the year I was born.
That is really scary, actually.
This makes a 30 or 40 year retirement fund look a lot less attractive.  

[ivanst776]

I feel bad for all the noobs that panic selled at the controlled dump of the other day with the china ban news. Its obvious whales wanted to get more cheap btc and shaked all the idiots out with panic, now we are back to 700+ and looking strong. Hold.

I think that panic selling is becoming a normal think because it happens too often maybe within a month or few months.

Usually when the price changes I don't make panic because I believe that the price will get back very soon.

So a price change of +-$100-$150 isn't to make panic even though it is huge change but if price changes for 40%-50% then there should be a panic.

[kwukduck]

Ahhh yez, that $800 (that never was) surely is starting to look like a memory indeed.

Lol what a joke. Crypto 2.0 is the future.

If you look at the 3 month chart the only thing anyone with eyes and a brain can see is this bubble popping.

[RoommateAgreement]

Ahhh yez, that $800 (that never was) surely is starting to look like a memory indeed.

Lol what a joke. Crypto 2.0 is the future.

If you look at the 3 month chart the only thing anyone with eyes and a brain can see is this bubble popping.

instead of the 3 month chart i am more interested in looking at your 3 month post history or better yet older history.

and the only thing i can see is you saying bitcoin price will fall to $100 and die but the only thing that happened was a $100 rise each time you said it

[bigfryguy]

Ahhh yez, that $800 (that never was) surely is starting to look like a memory indeed.

Lol what a joke. Crypto 2.0 is the future.

If you look at the 3 month chart the only thing anyone with eyes and a brain can see is this bubble popping.

you want to see a bubble popping look at monero, or at BTC in 2013.... this looks much more like a prebubble and a return to confidence than a bubble.

[error08]

The price drops is a common problem that always happen to bitcoin and any other currency.
That's up to them who panic or not and sell their coin, it doesn't really matter, we just need to calm down and wait until the price get back to the right path into $1000, hold on.

[jimbobway]

$680 is a strong base.  It will hold and go up.

[Caladonian]

The price drops is a common problem that always happen to bitcoin and any other currency.
That's up to them who panic or not and sell their coin, it doesn't really matter, we just need to calm down and wait until the price get back to the right path into $1000, hold on.

Thats not good because for sure it will flushed our investment if we make some panic when seeing the price is falling big investors are taking advantage waiting for this they know how btc works and have good profits in return.

[raven7886]

The price drops is a common problem that always happen to bitcoin and any other currency.
That's up to them who panic or not and sell their coin, it doesn't really matter, we just need to calm down and wait until the price get back to the right path into $1000, hold on.

Thats not good because for sure it will flushed our investment if we make some panic when seeing the price is falling big investors are taking advantage waiting for this they know how btc works and have good profits in return.

Yes, those who are getting panic and quitting their bitcoin holding are simply falling into the traps of high volume traders who are generating false dumps time to time.

The hedge traders and intraday traders are usually planning for quick profits and they do trigger any short term trend in market movements. Those who are not having strong technical analysis will get panic and fall into traps and losing their opportunities and obviously profits.

[serjent05]

The price drops is a common problem that always happen to bitcoin and any other currency.
That's up to them who panic or not and sell their coin, it doesn't really matter, we just need to calm down and wait until the price get back to the right path into $1000, hold on.

Thats not good because for sure it will flushed our investment if we make some panic when seeing the price is falling big investors are taking advantage waiting for this they know how btc works and have good profits in return.

Yes, those who are getting panic and quitting their bitcoin holding are simply falling into the traps of high volume traders who are generating false dumps time to time.

The hedge traders and intraday traders are usually planning for quick profits and they do trigger any short term trend in market movements. Those who are not having strong technical analysis will get panic and fall into traps and losing their opportunities and obviously profits.

This was been the game of whales, price manipulation and does not care about small traders.  Technical Analysis may help but still the prediction belongs to speculation.  Those who have less faith in BTC will surely panic no matter how strong they technical analysis is.  And those who were blind supporter of Bitcoin will never sell their bitcoin even if they don't have that TA capability.

[unknown04]

I feel bad for all the noobs that panic selled at the controlled dump of the other day with the china ban news. Its obvious whales wanted to get more cheap btc and shaked all the idiots out with panic, now we are back to 700+ and looking strong. Hold.

Who knows, maybe in a few days the noobs that panic selled will feel bad for you for hodling 

So you could consider me a noob for selling my bitcoins because I have two reason maybe I panicked but in reality I need to have some funds for my daily expenses so some of my holding bitcoins are partly sold but still I'm sure that the remaining bitcoins I have will able to make me recover from the sold ones.

You should only invest in bitcoin with your extra money. That's what I do. You won't know when will it drops or increase. What happens if it drops and never increase back ? You don't wanna bet with your daily expenses.

[shintosai]

I feel bad for all the noobs that panic selled at the controlled dump of the other day with the china ban news. Its obvious whales wanted to get more cheap btc and shaked all the idiots out with panic, now we are back to 700+ and looking strong. Hold.

Who knows, maybe in a few days the noobs that panic selled will feel bad for you for hodling 

So you could consider me a noob for selling my bitcoins because I have two reason maybe I panicked but in reality I need to have some funds for my daily expenses so some of my holding bitcoins are partly sold but still I'm sure that the remaining bitcoins I have will able to make me recover from the sold ones.

You should only invest in bitcoin with your extra money. That's what I do. You won't know when will it drops or increase. What happens if it drops and never increase back ? You don't wanna bet with your daily expenses.

that's right never stake your life with bitcoin investment i know its really good if you make good assessment regarding to the price hype but if you failed its hard to regain loses so much better to have spare money to play with it so no matter what you will able to wait until the price jump high again and it will avoid you to lose your money.

[pooya87]

yesterday this happened one more time. a small price manipulation that lead to price drop and panic sellers unloading their bitcoins on exchanges.

i still can't find anything that i can associate with that drop apart from pure manipulation but as we can see now, price is back above $700

[jondeen707]

Ahhh yez, that $800 (that never was) surely is starting to look like a memory indeed.

Lol what a joke. Crypto 2.0 is the future.

If you look at the 3 month chart the only thing anyone with eyes and a brain can see is this bubble popping.

instead of the 3 month chart i am more interested in looking at your 3 month post history or better yet older history.

and the only thing i can see is you saying bitcoin price will fall to $100 and die but the only thing that happened was a $100 rise each time you said it

Indeed 

[centralbanksequalsbombs]

Weak hands being flushed will always be the case through past history, today, and into the future.  Same thing will happen when Bitcoin is $10,000, and $15,000, and $20,000.