Market Panic can drive BTC prices Lower

[Pursuer]

Japan's accepting Bitcoin as legal tender is a great step in the Bitcoin market. But it is true that due to the panic the rate of Bitcoin will be fluctuating more than normal.

It seems that the news about japan accepting bitcoin as legal tender doesn't spread that much thus people don't get informed about it and not really affecting the market that much. Although we can't expect anything from this news and it's just a good news about bitcoin. And the panic selling was actually a cut lose which were done by so many traders and always occur in every significant price decrease, nothing new here.

The reason for this, whales does not see this helpful in their current plan.  And rather see the China statement more appealing and will benefit them.  They ride it with an action of fake dump so they can accumulate much more cheaper Bitcoin.  Then when accumulation is done, they will use the news about Japan on Bitcoin and other good press that will make bitcoin looks good to uptrend bitcoin price. 

Definitely. Japan have quite low bitcoin users and demands compared to what china have had and china also owning the majority of mining powers.
But I disagree that using the method of pumping with spreading good news about bitcoin regarding Japan accepting bitcoin will success, making news popular for twice is really hard and I think majority of people who's a traders, updated into the latest information, and really serious into this job will have big chance of knowing this news, it will not helping that much in the price pump

how do you know Japan has low number of bitcoin users? because there is no way we can say anything about how many bitcoin users exist in each countries, it is impossible.
what you are saying about China is based on trade volume and the hash rate distribution report and these two factors have nothing to do with how many bitcoin users exist in one country specially since volumes from China are 90% fake.
and besides Japanese government wouldn't have talked about bitcoin and announce it as a legal real currency if there weren't many users in their country.

[TastyChillySauce00]

Japan's accepting Bitcoin as legal tender is a great step in the Bitcoin market. But it is true that due to the panic the rate of Bitcoin will be fluctuating more than normal.

It seems that the news about japan accepting bitcoin as legal tender doesn't spread that much thus people don't get informed about it and not really affecting the market that much. Although we can't expect anything from this news and it's just a good news about bitcoin. And the panic selling was actually a cut lose which were done by so many traders and always occur in every significant price decrease, nothing new here.

The reason for this, whales does not see this helpful in their current plan.  And rather see the China statement more appealing and will benefit them.  They ride it with an action of fake dump so they can accumulate much more cheaper Bitcoin.  Then when accumulation is done, they will use the news about Japan on Bitcoin and other good press that will make bitcoin looks good to uptrend bitcoin price. 

Definitely. Japan have quite low bitcoin users and demands compared to what china have had and china also owning the majority of mining powers.
But I disagree that using the method of pumping with spreading good news about bitcoin regarding Japan accepting bitcoin will success, making news popular for twice is really hard and I think majority of people who's a traders, updated into the latest information, and really serious into this job will have big chance of knowing this news, it will not helping that much in the price pump

how do you know Japan has low number of bitcoin users? because there is no way we can say anything about how many bitcoin users exist in each countries, it is impossible.
what you are saying about China is based on trade volume and the hash rate distribution report and these two factors have nothing to do with how many bitcoin users exist in one country specially since volumes from China are 90% fake.
and besides Japanese government wouldn't have talked about bitcoin and announce it as a legal real currency if there weren't many users in their country.

Well, I compare japan to china based on volume of trading, mining power, and demands regardless of the fake data or anything similar, there's no method to calculate the exact amount of bitcoin users in every country but you can determine whether the bitcoin users in specific country is pretty high by seeing how much bitcoin-based company have been founded there, events, the activity in forum, and many more. It's pure based on my opinion on how I determine every country.

[virasog]

I agree that many users have paniced recently and that their behaviour could influence the market. But it seems that this panic has stopped a bit and that their overall share in the market behaviour is not that big they could influence it significantly. But I'm a little afraid how big players on the market will behave in the next period, that could be crucial.

That's the whole point, we don't know what they plan to do. That's why you should be preparing for whatever happens in the way that you have enough coins for when the price goes up, and enough fiat for when the price goes down. If that's all set up well, then you're ready for whatever is going to happen. For now I don't expect much difference with how the price has behaving last days as the market seems calm now. I like this "stability".

It's stability price now indicates only 1 thing that the bitcion is as stable as we expect for, yes, there are lots of btc user who panicly sells bitcoin when price is rises but a lot of investors out there who are just waiting for the price to go down and buy it. And now the flow is good to see and is stable as compare to other year.

Yes, the thing is they do not know that they are the reason of its crash down of it, so we the bitcoin holder must know its advantages and disadvantages since we are responsible of it, we must be care of this and be aware of these.

[Zadicar]

I agree that many users have paniced recently and that their behaviour could influence the market. But it seems that this panic has stopped a bit and that their overall share in the market behaviour is not that big they could influence it significantly. But I'm a little afraid how big players on the market will behave in the next period, that could be crucial.

That's the whole point, we don't know what they plan to do. That's why you should be preparing for whatever happens in the way that you have enough coins for when the price goes up, and enough fiat for when the price goes down. If that's all set up well, then you're ready for whatever is going to happen. For now I don't expect much difference with how the price has behaving last days as the market seems calm now. I like this "stability".

It's stability price now indicates only 1 thing that the bitcion is as stable as we expect for, yes, there are lots of btc user who panicly sells bitcoin when price is rises but a lot of investors out there who are just waiting for the price to go down and buy it. And now the flow is good to see and is stable as compare to other year.

Yes, the thing is they do not know that they are the reason of its crash down of it, so we the bitcoin holder must know its advantages and disadvantages since we are responsible of it, we must be care of this and be aware of these.

No matter how hard or we say that we should hold off our bitcoin for longer runs there are really people would really panic especially they saw that bitcoins price is getting down on the amount that they last bought it thats why they would decide to sell of and preventing further loss.I dont know why some do have these mentality.

[Arvydas77]

No matter what is happening with Bitcoin price these days. Panic sell off is going to an end, in my opinion. 
Just as Bitcoin is getting more popularity in a whole world we should expect a lot of FUD against it. Within the community and outside it. Do not expect BTC to conquer world economic system in a few years.

[andrei56]

I agree that many users have paniced recently and that their behaviour could influence the market. But it seems that this panic has stopped a bit and that their overall share in the market behaviour is not that big they could influence it significantly. But I'm a little afraid how big players on the market will behave in the next period, that could be crucial.

That's the whole point, we don't know what they plan to do. That's why you should be preparing for whatever happens in the way that you have enough coins for when the price goes up, and enough fiat for when the price goes down. If that's all set up well, then you're ready for whatever is going to happen. For now I don't expect much difference with how the price has behaving last days as the market seems calm now. I like this "stability".

When there is stability, I always think of that as the best moment to buy some bitcoin to hold for some time and wait for the next bubble and get some nice profits in a short amount of time.

[fikihafana]

I agree that many users have paniced recently and that their behaviour could influence the market. But it seems that this panic has stopped a bit and that their overall share in the market behaviour is not that big they could influence it significantly. But I'm a little afraid how big players on the market will behave in the next period, that could be crucial.

That's the whole point, we don't know what they plan to do. That's why you should be preparing for whatever happens in the way that you have enough coins for when the price goes up, and enough fiat for when the price goes down. If that's all set up well, then you're ready for whatever is going to happen. For now I don't expect much difference with how the price has behaving last days as the market seems calm now. I like this "stability".

When there is stability, I always think of that as the best moment to buy some bitcoin to hold for some time and wait for the next bubble and get some nice profits in a short amount of time.

all i can do is buy some bitcoin in stable price and ofcourse in low price. I dont think i will buy coin when it price more than $1000

[mace15]

I noticed that once Bitcoin prices lower because of dump scheme and panic selling. Once bitcoin price lower, many of traders have been selling their bitcoin. I buy bitcoin when its too stable price and sold them when I earn profit already.

[john2231]

I agree that many users have paniced recently and that their behaviour could influence the market. But it seems that this panic has stopped a bit and that their overall share in the market behaviour is not that big they could influence it significantly. But I'm a little afraid how big players on the market will behave in the next period, that could be crucial.

That's the whole point, we don't know what they plan to do. That's why you should be preparing for whatever happens in the way that you have enough coins for when the price goes up, and enough fiat for when the price goes down. If that's all set up well, then you're ready for whatever is going to happen. For now I don't expect much difference with how the price has behaving last days as the market seems calm now. I like this "stability".

When there is stability, I always think of that as the best moment to buy some bitcoin to hold for some time and wait for the next bubble and get some nice profits in a short amount of time.

all i can do is buy some bitcoin in stable price and ofcourse in low price. I dont think i will buy coin when it price more than $1000

I think it is all depends how you analyze the market.. i think many people also are buying when the price was hit $1000 before but it doesn't mean that you will you can be still hold it your bitcoin when you buy $1000 and buy new bitcoins and separate it from below $1000 so that you can know if what bitcoin is you bought with the $1000 and bought bitcoin with below $1000 so that you can sell bitcoin if the price was hit high price.. set the margin of every separated bitcoin so that you can not lose. we all don't know what will happen but we should always do some wise decision before we sell or buy..

[bravehearth0319]

I have made most of my money on the fear of others. It really is my main strategy. Buy when there is "blood in the streets", sell when everyone is celebrating a rally.  

http://www.investopedia.com/articles/financial-theory/08/contrarian-investing.asp

 Buy when there is "blood in the streets", sell when everyone is celebrating a rally.  What do you mean by this quote? sorry if I don't understand, for me its so deep. Maybe only a little bit of it I got the point, but not so sure. Can you briefly specify on this, if is it okay with you.

[geopolisch]

I have made most of my money on the fear of others. It really is my main strategy. Buy when there is "blood in the streets", sell when everyone is celebrating a rally.  

http://www.investopedia.com/articles/financial-theory/08/contrarian-investing.asp

 Buy when there is "blood in the streets", sell when everyone is celebrating a rally.  What do you mean by this quote? sorry if I don't understand, for me its so deep. Maybe only a little bit of it I got the point, but not so sure. Can you briefly specify on this, if is it okay with you.

These are all about "possible U turn" in trading sentiment.
At the end of every heavy sell off, prices will bounce back. Similarly when traders start celebrating their profits they will start profit booking, it means prices start falling down.

This is one of basic trading strategy which will work on extreme market conditions.

[dothebeats]

I have made most of my money on the fear of others. It really is my main strategy. Buy when there is "blood in the streets", sell when everyone is celebrating a rally.  

http://www.investopedia.com/articles/financial-theory/08/contrarian-investing.asp

 Buy when there is "blood in the streets", sell when everyone is celebrating a rally.  What do you mean by this quote? sorry if I don't understand, for me its so deep. Maybe only a little bit of it I got the point, but not so sure. Can you briefly specify on this, if is it okay with you.

These are all about "possible U turn" in trading sentiment.
At the end of every heavy sell off, prices will bounce back. Similarly when traders start celebrating their profits they will start profit booking, it means prices start falling down.

This is one of basic trading strategy which will work on extreme market conditions.

That's why you need to plan one step further apart from any other traders out there because you don't want to be left holding the bag for yourself when everyone else threw theirs away. For crazy price rises like the one we had for some weeks ago, you should be observant of every single detail you see in the market because that might be a hint or an indication that prices would soon start falling down.

Also, another rule in trading: don't daydream and don't get too greedy.

[LLec]

It has been rising for the last 24 hours and finally broke $900 which I found it never would for the last week. Just teedering along that line but once it broke it has been rising.
Just saw it at 911 after the president elect got into office which is a weird sign in it's self from bitcoin to where it is sitting at now at 914.
So all is looking good for the time being for the march of bitcoin.
Like the rally of women against the tyrant trump that took place yesterday.

[ekoice]

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

 You can sell your coin at 5% over Spot, take that money and repurchase coin at 5% under spot and resell. This way you do not lose your profit, you continue to accumulate coin and increase your holdings without purchasing more coin.

Because Bitcoin will continue to move upward in spite of a few downward spikes, you can't lose.

Try to convert business to accepting coin, inform them of BTC virtues, Security ( from Robbery ), Customers pay BTC fees, Goodbye to Credit, debit and Paypal fees for businesses, and it is quicker and easier than using plastic. Most important, this money will actually increase in value if saved, and can be used to generate even more income through the sale of the currency. You can't do that with American Dollars.

Look at these recent events

Japan accepts Bitcoin as legal tender

https://www.cryptocoinsnews.com/bitcoin-accepted-japanese-users-can-soon-pay-utility-bills/

Uganda First African Nation to Accept Bitcoin as Legal Tender

http://afkinsider.com/135498/uganda-become-first-african-nation-adopt-bitcoin-regulations/

Yes,thats what happened two weeks before due to BU issue and fear of hard fork.But now, price has recovered.Panic selling is mostly done by newbies.

[dothebeats]

It does for certain, however it is rather an opportunity for smart traders since they know for a fact that bitcoin will bounce back up again in terms of prices. This has happened many times now for bitcoin but it still managed to come back and gain even more.

[omonuyak]

I agree that many users have paniced recently and that their behaviour could influence the market. But it seems that this panic has stopped a bit and that their overall share in the market behaviour is not that big they could influence it significantly. But I'm a little afraid how big players on the market will behave in the next period, that could be crucial.

That's the whole point, we don't know what they plan to do. That's why you should be preparing for whatever happens in the way that you have enough coins for when the price goes up, and enough fiat for when the price goes down. If that's all set up well, then you're ready for whatever is going to happen. For now I don't expect much difference with how the price has behaving last days as the market seems calm now. I like this "stability".

When there is stability, I always think of that as the best moment to buy some bitcoin to hold for some time and wait for the next bubble and get some nice profits in a short amount of time.

Panic traders are the driver of bitcoin pricing!

[aardvark15]

The Bitcoin price seems to be going higher and the altcoin prices are dropping. Investors appear to be moving money from altcoins back to Bitcoin at least for now.

[Blackdeath]

The Bitcoin price seems to be going higher and the altcoin prices are dropping. Investors appear to be moving money from altcoins back to Bitcoin at least for now.

Actually, as bitcoin's price is currently increasing, traders would actually tend to hold their bitcoin to sell or sell now for altcoins. If bitcoin  drops down, that's the time they are more likely to sell their altcoins in order to get more quantity of bitcoin.

[Sled]

Market panic or panic selling is one of the most common reason why the prices of bitcoin is falling down, Example is the threat of having another bitcoin which is bitcoin unlimited, a lot of people talks bad rumors to bitcoin when the hard fork is going on and it makes the market of bitcoin fall down and have a low price but now it is start to pump because of the good news which is the adoption of Japan to bitcoin.

[stephanirain]

Market panic or panic selling is one of the most common reason why the prices of bitcoin is falling down, Example is the threat of having another bitcoin which is bitcoin unlimited, a lot of people talks bad rumors to bitcoin when the hard fork is going on and it makes the market of bitcoin fall down and have a low price but now it is start to pump because of the good news which is the adoption of Japan to bitcoin.

Certainly panic selling affects bitcoin price. However, there should nothing to worry since the foundation of bitcoin is strong enough for it to survive in volitality. Remember the price of bitcoin way back 2015 wherein it drops into $230. Everybody thinks that bitcoin could not survive that time but bitcoin proves that they are wrong. Currently, bitcoin's rate is $1200 which can increase anytime rapidly.