ArdiPrabowo
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January 08, 2017, 07:26:49 AM |
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yesteday bitcoin price is crash down price, because much people panic selling, until reach 800 dollar/bitcoin but today market is normal bitcoin price is table in 900 dollar/bitcoin
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iamTom123
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January 08, 2017, 08:18:06 AM |
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This is a very educational advise especially for newbie Bitcoin holders like me. The market can sometimes be driven by fear when things can go down and greed when things are going up. Fear and greed...how we can manage both can help us be a good Bitcoin investor/holder/speculator.
And true to form, even with the downtrend that happened two days ago, Bitcoin is again on the rise and may even go down a little bit due to some cashing in but the trend for this cryptocurrency is set upswing. As they say, look for the long-term and not just the short-term problems.
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Dudeperfect
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January 08, 2017, 09:40:51 AM |
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If someone is here just make quick money then there is maximum risk for him but if someone is considering long-term picture then he must be buying bitcoins with some intervals even in falling price because we know the potential of bitcoin and in the long run $1K would be the basic price of it so anything below $1K is worth investing in my opinion if long term is considered. Nothing to panic even in decreasing price scenario.
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Oilacris
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January 08, 2017, 11:09:17 AM |
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There is no reason for panic or panic selling. It's true that many Bitcoin holders have fear that the price would go down more deeply so they will sell which can lower a price for a bit more. But now isn't moment for selling, the head shor be kept cool and wait for this correction of price to be over because soon Bitcoin will be back on the way up.
You could easily say that because you do have a good self control and limiting your temper but we all know we are not the same and people do have different perspective and targets thats why panic selling would normally happen in bitcoins price movement.People would surely panic because they are afraid to lose money and those people are those who are newbie on trading industry.
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ultrloa
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January 08, 2017, 11:42:11 AM |
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There is no reason for panic or panic selling. It's true that many Bitcoin holders have fear that the price would go down more deeply so they will sell which can lower a price for a bit more. But now isn't moment for selling, the head shor be kept cool and wait for this correction of price to be over because soon Bitcoin will be back on the way up.
You could easily say that because you do have a good self control and limiting your temper but we all know we are not the same and people do have different perspective and targets thats why panic selling would normally happen in bitcoins price movement.People would surely panic because they are afraid to lose money and those people are those who are newbie on trading industry. Well the real scenario is when people see some massive price breakdown they will intend to sell their coins since they arr afraid to lose some money from its downward movements, and i admit that i am the one of those seller, im securing my money and i don't want to get minus of profits so thats why i can say that others sells it to surely, but let the faith tells on when would the price drop since we can't stop people to dump their coins.
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angaper
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January 08, 2017, 06:35:54 PM |
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That is why psychology plays an important role in all financial issues. Trying to foresee the future market moves is always a hard work, but only with a strong control of our mind and emotions we can stop our impulsive decisions to stay away from markets and wait patiently the right time to buy or sell, without influence of emotions or panic.
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HaXX0R1337
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January 08, 2017, 11:08:11 PM |
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That is why psychology plays an important role in all financial issues. Trying to foresee the future market moves is always a hard work, but only with a strong control of our mind and emotions we can stop our impulsive decisions to stay away from markets and wait patiently the right time to buy or sell, without influence of emotions or panic.
Emotion do play a major share in all the markets because you really do not want to see your hard earning money to be shredded in value and so everyone hops into the market to decrease the amount of loss occurred and buy back leveling the position at a lower rate.This is quite normal and expect these sort of panic sells which drives the market .
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justdimin
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January 09, 2017, 06:05:54 AM |
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I know we are currently seeing the fall of coin prices, and many of us may think to get out while the getting is good. Well if you need the money, I guess that is understandable. However if your in it for the investment, and you can hold your ancie pants together during the drop. I don't need a chart to tell you that Bitcoin is on a continuing upward trend, in spite of coin price drops. Panicking and selling off not only hurts your longterm investment, but breaks the market down also. I know speculators that just made hefty purchases at high prices are losing,
Don't panic there is a way to recover the loss
There are currently two forces which are driving bitcoin market price levels lower : one is profit booking from long term bitcoin holders and the second is obviously panic selling from both short term and long term holders. I am afraid as long as we are not getting new investors and new bitcoin adopters, this trend may persist. Because no one will be buying when they are seeing continuously falling prices. Moreover we now need a strong pump to gain back the trust on bitcoin price level among all types of investors.
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Pursuer
Legendary
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Where is my ring of blades...
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January 09, 2017, 08:38:16 AM |
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I know we are currently seeing the fall of coin prices, and many of us may think to get out while the getting is good. Well if you need the money, I guess that is understandable. However if your in it for the investment, and you can hold your ancie pants together during the drop. I don't need a chart to tell you that Bitcoin is on a continuing upward trend, in spite of coin price drops. Panicking and selling off not only hurts your longterm investment, but breaks the market down also. I know speculators that just made hefty purchases at high prices are losing,
Don't panic there is a way to recover the loss
There are currently two forces which are driving bitcoin market price levels lower : one is profit booking from long term bitcoin holders and the second is obviously panic selling from both short term and long term holders. I am afraid as long as we are not getting new investors and new bitcoin adopters, this trend may persist. Because no one will be buying when they are seeing continuously falling prices. Moreover we now need a strong pump to gain back the trust on bitcoin price level among all types of investors. there is also another force, and that is the fact that some traders have turned bitcoin into their plaything and are enjoying the volatility. for the past couple of days I keep seeing 800ish then 900ish price over and over! and about new investors, they will come and they are coming. these periods like this where prices are very volatile and things look bad to our eyes are only temporary and they will end. besides when you want to invest you don't look at the past days or even weeks, you check out the whole thing and see how it was performing through the time it existed.
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Only Bitcoin
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jacafbiz
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January 09, 2017, 09:20:31 AM |
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Information is what the market feed on, so if there is a perceived negative news about BTC it is going to affect its price. Look at what happened to Pound after Brexit vote.
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MWesterweele
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January 09, 2017, 11:34:48 AM |
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Information is what the market feed on, so if there is a perceived negative news about BTC it is going to affect its price. Look at what happened to Pound after Brexit vote.
it is all about the holders and investors who afraid to lose at least piece of there richness they know that there are something will affect bitcoin prices im not happy for what happned to pound i hope it will be okay they panic because of there compititora are starts selling their coins.
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X-ray
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January 09, 2017, 11:46:18 AM |
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Information is what the market feed on, so if there is a perceived negative news about BTC it is going to affect its price. Look at what happened to Pound after Brexit vote.
it is all about the holders and investors who afraid to lose at least piece of there richness they know that there are something will affect bitcoin prices im not happy for what happned to pound i hope it will be okay they panic because of there compititora are starts selling their coins. and as i know that those traders are only following the trends to make their own profit regardless to the rate of bitcoin as long as they can just make profit out of it then they don't care, also i think that the point of people expecting the price to be that high is to sell when times comes and not going to hold it forever, price bumping is really normal from that perspective
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Red-Apple
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January 09, 2017, 01:33:41 PM |
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Information is what the market feed on, so if there is a perceived negative news about BTC it is going to affect its price. Look at what happened to Pound after Brexit vote.
you can't really compare Pound and how it is affected with bitcoin and the news circling it. the size of the market alone makes them completely different. and also what happens with bitcoin is that there are so many novice traders around with rather big amounts of money at their disposal but little to no experience. and then there are whales with experience and the know how of things like creating panic of FOMO
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whizter
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January 10, 2017, 04:59:57 PM |
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There is no reason for panic or panic selling. It's true that many Bitcoin holders have fear that the price would go down more deeply so they will sell which can lower a price for a bit more. But now isn't moment for selling, the head shor be kept cool and wait for this correction of price to be over because soon Bitcoin will be back on the way up.
If one has invested some decent amount of money at let's say 1050 US$ and saw the movement after it bounced at the ATH, I totally understand that this guy was in fear and did panic selling. If one loses 20% of his investment within 4 hours, I understand anybody selling off any asset in panic. //alex Anyone would worry if someone bought at $1100 in a huge volume and then after one day price goes down at around 20%. It is not normal so the first thing in mind of this person would be selling at the next increase to cut the losses. But people who are in for the long run really would not be bothered. to me i think those people who purchse bitcoin in 1100 USD have take a right decsision. although the price is now trading uder 900 USD but the price is not going to stay here for a long time and very soon the price has to boost again and this time it is going to reach to 1500 USD so very soon hey will happy with their secession of buying bitcoins.
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carlfebz2
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January 10, 2017, 05:09:40 PM |
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There is no reason for panic or panic selling. It's true that many Bitcoin holders have fear that the price would go down more deeply so they will sell which can lower a price for a bit more. But now isn't moment for selling, the head shor be kept cool and wait for this correction of price to be over because soon Bitcoin will be back on the way up.
If one has invested some decent amount of money at let's say 1050 US$ and saw the movement after it bounced at the ATH, I totally understand that this guy was in fear and did panic selling. If one loses 20% of his investment within 4 hours, I understand anybody selling off any asset in panic. //alex Anyone would worry if someone bought at $1100 in a huge volume and then after one day price goes down at around 20%. It is not normal so the first thing in mind of this person would be selling at the next increase to cut the losses. But people who are in for the long run really would not be bothered. to me i think those people who purchse bitcoin in 1100 USD have take a right decsision. although the price is now trading uder 900 USD but the price is not going to stay here for a long time and very soon the price has to boost again and this time it is going to reach to 1500 USD so very soon hey will happy with their secession of buying bitcoins. Emotions and aims does really matter on trading bitcoin and it does surely affect you on your actions and you are right for those people who bought on $1100 would somehow think to sell off their coins to cut the loss but for me they are just doing mistakes because 20% sudden price decrease isnt worrying since price does move soo fast and unstable which could possibly reach that amount on a particular time.
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emezh10
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January 11, 2017, 01:33:26 PM |
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There is no reason for panic or panic selling. It's true that many Bitcoin holders have fear that the price would go down more deeply so they will sell which can lower a price for a bit more. But now isn't moment for selling, the head shor be kept cool and wait for this correction of price to be over because soon Bitcoin will be back on the way up.
Actually I agree with that. When the panic sellers sell they're bitcoin and the bitcoin price will manipulate and it will be dump some of the buyer of the bitcoin will take that as a advantage so they will buy that with that price and the bitcoin price will go up again so I can suggest to keep it but I think it will be a gamble if many person sell bitcoins and no one will buy a bitcoin. To sell it or to keep it is a big decision right now but If you will talk about in the future months after now I can say that bitcoin will be stable but I think the best decision now is to keep it or sell it. I sell some of my bitcoins and keep some that way I will no regrets if the bitcoin will dump or pump. So good luck to all bitcoin holders ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
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trigger1975
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January 11, 2017, 04:11:58 PM |
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[…] very soon the price has to boost again […]
It has to? Did anything fundamentally changed in the architecture of BTC? Is SegWit accepted now? Did the devs come over and released a plan for the future how to fix the transaction size thing? No. It might be the price is going down again to lets say 700 and then again rise and break the ATH and then rise higher and higher … to the moon. Maybe. But maybe BTC is just a commodity like other commodities. Then the market has ups and downs, sell offs and buy offs. As long as nothing fundamentally changed, there is no such thing as "it has to". //alex
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trigger1975
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January 11, 2017, 04:18:36 PM |
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Anyone would worry if someone bought at $1100 in a huge volume and then after one day price goes down at around 20%. It is not normal so the first thing in mind of this person would be selling at the next increase to cut the losses. But people who are in for the long run really would not be bothered.
Actually -- if I would have bought near ATH -- even for the long run -- I would have sold my coins as quick as possible. Why? Money management. 1. If I would be interested in BTC in the long run, I could think it might be better to buy back cheaper to (a) cover my loses and (b) have more coins which means higher profit if it really rises again. 2. I would just be scarred to bind a lot of money for too long in that loss of 20%. Better to realize the the loss asap than to hold a lossy asset for too long until you even get in the near again of getting out without loss. 3. Even long run investors do have feelings. I know -- either market or feelings. But in the light of a 20% draw back I understand anybody fearing of losing too much money. 4 … //alex
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marcuslong
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January 11, 2017, 04:41:26 PM |
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I have a big doubt of bitcoin pricing coz its been rising too much i know it will be drop soon many of investors who take advantage of bitcoin price and they don't wait too long they sold their tones of bitcoin if i were there too i will do the same way. I will not take any chances but i sold my half bitcoin that they i just follow the flow.
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shield132
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January 11, 2017, 06:31:38 PM |
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Of course it can take some influence on bitcoin but panic selling or buying can't make any radical changes. But when price is becoming lower and lower, in that time panic buying can speed up this process but it can't make beggar more than 40%, if that happened, than there are many other important factors also with panic buying and selling.
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