Panic selling started !

[Paya]

Big guys decided to make some money, that's all.

[RodeoX]

Finally. We needed a correction bad. I'm kinda hoping for a drop to say $830. Then we would have a more solid base to work with.

[ridery99]

1000 was a good selling point. Now we have a bear market ahead.

[mixan]

Was hoping the dip come at the month end when my pay check comes. This is too early.

its a little dip, its climbing again , its now more around $1000,- and i think gonna climb further

I don't see it climbing and been watching for the last 45 minutes now closely.
Are you just creating so called FUD to keep everything at a steady hand?

[LFC_Bitcoin]

Just HODL, what kind of an idiot sells into a drop like this. Nothing to worry about, the price will go up again soon.

[ged00u]

Well, I planned to sell my bitcoin when it reaches $1250. Seem like my plan has fail LOL. Those panic sellers never know when is the good time to sell Bitcoin. Bitcoin will rise again, but not in this month. I have to wait again and again

[Katewind]

I saw many sell wall on the exchange and the panic selling just only began.
I predict that it will spike down at 810$-860$ - the bottom line and then it will bounce up .

[morantis]

the fact is that this is the only big problem with the crypto industry.  the prices are based on nothing more than the whims of a large group of mindless cows.  i am not saying that it is a bad thing that the price is volatile, just that it is near impossible to get people to accept this as a standard currency as long as four or five guys on a couple chat boards can manipulate the price so easily.  this is the biggest hurdle that must be gotten over.

[ft73]

I saw many sell wall on the exchange and the panic selling just only began.
I predict that it will spike down at 810$-860$ - the bottom line and then it will bounce up .

I'd say 830-970$ range(bound) is likely for the near future.
Yet i'm not sure the "big dumper" is done

Still i'm keeping my buy orders open all the way from 835$ to 892$.
The latter got already partially filled.

[kaltun]

Was hoping the dip come at the month end when my pay check comes. This is too early.

its a little dip, its climbing again , its now more around $1000,- and i think gonna climb further

I don't see it climbing and been watching for the last 45 minutes now closely.
Are you just creating so called FUD to keep everything at a steady hand?

no , i did look at some exchange servers like Yobit , and there is one BTC now $980,-

[Red-Apple]

Finally. We needed a correction bad. I'm kinda hoping for a drop to say $830. Then we would have a more solid base to work with.

it actually went down to $850 but it literary lasted less than 10 minutes and jumped back up to $940-$950

[morantis]

I saw many sell wall on the exchange and the panic selling just only began.
I predict that it will spike down at 810$-860$ - the bottom line and then it will bounce up .

I'd say 830-970$ range(bound) is likely for the near future.
Yet i'm not sure the "big dumper" is done

Still i'm keeping my buy orders open all the way from 835$ to 892$.
The latter got already partially filled.

careful with that automation, well buy and sell orders that will fill when possible, just hate to come back after 8 hours at the office and see that something was bought at 800 and the current price is then 600, or the other way around

[iqlimasyadiqa]

all people experience this. Yag even traders have experienced in this world. decline is very high. leading to chaos in many bitcoin exchange. however this time bitcoin prices began to stabilize and survive in numbers 950USD.

[ft73]

I saw many sell wall on the exchange and the panic selling just only began.
I predict that it will spike down at 810$-860$ - the bottom line and then it will bounce up .

I'd say 830-970$ range(bound) is likely for the near future.
Yet i'm not sure the "big dumper" is done

Still i'm keeping my buy orders open all the way from 835$ to 892$.
The latter got already partially filled.

careful with that automation, well buy and sell orders that will fill when possible, just hate to come back after 8 hours at the office and see that something was bought at 800 and the current price is then 600, or the other way around

That's about 25% of my stash.
I've sold those coins for profit at 1000$+ yesterday, so risk is definetely acceptable to me.
Moreover sure sh*t happens, but i feel it's less likely to go under 800$ for now.

This correction was overdue, many people (me included) posted about it coming yesterday ...

[RodeoX]

the fact is that this is the only big problem with the crypto industry.  the prices are based on nothing more than the whims of a large group of mindless cows.  i am not saying that it is a bad thing that the price is volatile, just that it is near impossible to get people to accept this as a standard currency as long as four or five guys on a couple chat boards can manipulate the price so easily.  this is the biggest hurdle that must be gotten over.

I don't think that is going on at all. The recent ramp up sent us into silly territory as prices got way ahead of any logical price. It was high time for a correction. I know its brutal out there but this is exactly how a free market operates.  The U.S. stock markets also used to do this. Now there a million controls on the market and it is even shut sown if it drops to fast. That is actual manipulation. What you are seeing in the BTC market today is what happens when there is no ability to control the sell/buy decisions of individuals.
It really comes down to speculation. Many BTC speculators do not give a shit about bitcoin. They are trying to make dollars or Euro. They drive up the price in a frenzy then reality sets in and people realize that the price no longer makes sense. Those speculators then dump their coins and... POP!
It has happed many times before and is going to happen again. All is well.

[harizen]

I really suggest that everyone holds what he have at the moment instead of panic selling , If you want to really make some really good profit then hold . http://preev.com/ , Its not going too well and we don't want to make things worst at this point.

It was expected in the first place as traders can take profit while at the same time will eventually make some another good rounds of buying. Good thing that some dumps happen recently so that we can test where will the price will established it's correction price. Right now it was slow down and hopefully this is the new floor for the so called "bottom".

Now be ready to packs bag again as for sure another road to the moon is on progress.

[Digitalbitcoin]

I think personally, as bitcoin is not just a digital currency but also a commodity. Many who have already support buy investing in bitcoin, they have got already huge benefit.

But in the mean while there are many reasons why bitcoin become more interesting and popular, due to them value of bitcoin already goes up and in coming years it will skyrocket again.

[mixan]

Finally. We needed a correction bad. I'm kinda hoping for a drop to say $830. Then we would have a more solid base to work with.

it actually went down to $850 but it literary lasted less than 10 minutes and jumped back up to $940-$950

No enough time to buy any with that window of just 10 minutes.
I bought at $989 as I saw it rising. Now it is coming back to $1000 placement again with it right now at $975 and climbing steadily now.
Disaster adverted.

[zuyfg888]

looks like the dump has stopped, price is climbing again, currently 1,000.42 on bitcoinaverage.com as i write this. good thing for those who still hold their coins and didn't panic coz of the dump. now we can see $1,200 or $1,300?

[Duomo]

Big guys decided to make some money, that's all.

I'm buying $100,000 to $1,000,000 (U.S.D) worth of bitcoin a day, a dip is a just a discount that I just appreciate. Also, I will not sell any of these coins either. These coins I buy are taken off the market.