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Author Topic: $1100 to $750 is significant  (Read 7619 times)
Gatorelf
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January 11, 2017, 05:56:14 PM
#1

In a price range such as this I was curious how most of you hold/trade your asset. Such as just hold and never sell, position trade based on price and or swap currencies through an exchange for another and or cash out.
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January 11, 2017, 06:01:49 PM
#2

In a price range such as this I was curious how most of you hold/trade your asset. Such as just hold and never sell, position trade based on price and or swap currencies through an exchange for another and or cash out.

There is no way i am selling at this price or even at $1100,  Bitcoin is worth far more, and i believe in 10 years we will look back at these prices and wish we had bought more.  I will either be a rich man or bitcoin is bust in 10 years  Grin
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January 11, 2017, 06:07:38 PM
#3

In a price range such as this I was curious how most of you hold/trade your asset. Such as just hold and never sell, position trade based on price and or swap currencies through an exchange for another and or cash out.

Yes, Just only 9 days , Bitcoin has decrease nearly 400$. It's really not normal. we only know that China will give out some rules to control bitcoin and They don't want foreign currency to go out of china. That's it.
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January 11, 2017, 06:14:51 PM
#4

In a price range such as this I was curious how most of you hold/trade your asset. Such as just hold and never sell, position trade based on price and or swap currencies through an exchange for another and or cash out.

Yes, Just only 9 days , Bitcoin has decrease nearly 400$. It's really not normal. we only know that China will give out some rules to control bitcoin and They don't want foreign currency to go out of china. That's it.

In time tho with wider adopition off bitcoin the china news effect will become less.  Its like a bitcoin virus (china cold)  Bitcoin will become immune in time.   Grin
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January 11, 2017, 06:16:37 PM
#5

We might end up testing $220... Planning on buying a min of 3 BTC at $250 usd.
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January 11, 2017, 06:30:46 PM
#6

We might end up testing $220... Planning on buying a min of 3 BTC at $250 usd.

Not going to happen, if anything we will settle were we where in late Nov, just below $600.  Although i guess you might be being sarcastic, i hope so  Grin
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January 11, 2017, 06:44:43 PM
#7

We might end up testing $220... Planning on buying a min of 3 BTC at $250 usd.

Not going to happen, if anything we will settle were we where in late Nov, just below $600.  Although i guess you might be being sarcastic, i hope so  Grin

it will not go below $250 that too low. but sure would be a good time to buy so before it even go below 600, people will be buying more BTC to take the opportunity to earn when it hit 1000USD again. its constantly growing every now and then so its a sure investment for real believers.

 
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FrannWilder
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January 11, 2017, 07:07:02 PM
#8

It is pretty sick but that is how the market goes, it can on one day get as low as 750 dollar or even crash fully its just how the markets goes, you can see all these pump and dumps very time.
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January 11, 2017, 07:33:28 PM
#9

you are only noticing the bad things, you forget about the rise from $700 to $1160, that is also significant, i see the alue now is again at what it was before the pump or slightly above

i highly doubt we are ehading lower than $700 went he pump started, this last pump was unsustainable it was expected to be dumped
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January 11, 2017, 07:50:36 PM
#10

We might end up testing $220... Planning on buying a min of 3 BTC at $250 usd.

Not going to happen, if anything we will settle were we where in late Nov, just below $600.  Although i guess you might be being sarcastic, i hope so  Grin

Alas.. I am not being sarcastic :S.. Fear could push people to sell to cover potentially losing everything.

I will profit off of that fear.
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January 11, 2017, 07:54:15 PM
#11

The price crash is huge, I believethose selling are people that enter the market around $800-$1000 range, though I'm very surprise that PBOC pronouncement  have this impact on the price.
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January 11, 2017, 08:20:43 PM
#12

In a price range such as this I was curious how most of you hold/trade your asset. Such as just hold and never sell, position trade based on price and or swap currencies through an exchange for another and or cash out.

Famous words "back the f*cking truck up" or "don't be sore, buy some more".

I'm a long term guy so for me it's an opportunity to bitcoin cost average, buying on the dips provides you a consistent lower cost basis from which to make substantial gains.

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January 11, 2017, 08:29:27 PM
#13

In a price range such as this I was curious how most of you hold/trade your asset. Such as just hold and never sell, position trade based on price and or swap currencies through an exchange for another and or cash out.

Yes, Just only 9 days , Bitcoin has decrease nearly 400$. It's really not normal. we only know that China will give out some rules to control bitcoin and They don't want foreign currency to go out of china. That's it.

There are bad and good days in exchanges trading. Bitcoin is a currency and not only an asset as many people see it. Now many people are in panic and cry that is a crash and are the same people few days ago screaming "sky rocket", "to the moon" "$2000 in the end of the month" and so on. I strongly believe that even now bitcoin is a safe haven. Markets were expecting a major correction. The way I see it, if anyone has fiat money to afford and bought at $900, $1000 or higher this is a chance to buy more bitcoins in order to trade off with the loss.  
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January 11, 2017, 08:44:09 PM
#14

In a price range such as this I was curious how most of you hold/trade your asset. Such as just hold and never sell, position trade based on price and or swap currencies through an exchange for another and or cash out.

I just missed the chance to sell a small amount of bitcoin while it was at the highest price in the recent years, this because I hoped that the price of bitcoin will be much higher but got disappointed so I will hold for a longer time now.
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January 11, 2017, 09:00:29 PM
#15

A lot of good replies, as with most investments every one has their own style that fits them. I also agree with most in the next couple of years BTC will most likely be 3 to 4 x where its trading now. Also BTC is the king of crypto currency and we can see as it goes down the others seem to follow. Its still to early to tell in this price range where support and resistance are. It mostly effected by world wide economics so a trading strategy has to include that as the main variable. 

Some including me see 100% gain in an investment and start easing out in portions only to reinvest at a later date. 

Thanks for the input!
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January 11, 2017, 09:03:53 PM
#16

I bought some when it was up at whatever price it was a week ago and no doubt i will buy some at the price its at now. I still beleive it will be worth far more than it is currently. The price fopr now will just be swings and roundabouts though, I see no reason why it cant pump hard very soon but even if it doesnt then we are sitting at a good price.

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January 11, 2017, 09:04:12 PM
#17

In a price range such as this I was curious how most of you hold/trade your asset. Such as just hold and never sell, position trade based on price and or swap currencies through an exchange for another and or cash out.

Yes, Just only 9 days , Bitcoin has decrease nearly 400$. It's really not normal. we only know that China will give out some rules to control bitcoin and They don't want foreign currency to go out of china. That's it.
Well.... that drop is actually totally normal for bitcoin. It has dropped like that many times before.

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January 12, 2017, 05:48:54 AM
#18

I bought some when it was up at whatever price it was a week ago and no doubt i will buy some at the price its at now. I still beleive it will be worth far more than it is currently. The price fopr now will just be swings and roundabouts though, I see no reason why it cant pump hard very soon but even if it doesnt then we are sitting at a good price.
Yes it was also a good way, always buy when the price drops then hold it, and when the price goes up will get many profits. But if I still hold some of the bitcoin remainder of the results of the signature campaign, I will buy when the price is really under and I will do buy. Because I think if you do buy when the price is below it cheaper so when prices rise will certainly get a big profit.
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January 12, 2017, 05:53:32 AM
#19

bitcoin price is crash
and very bad down price, because over 30% is down price
i think bitcoin price is down, because dollar down price too

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January 12, 2017, 06:19:09 AM
#20

what i do is not based on times like this, i bought when price was low at $200 then sold a small portion when price had its first rapid rise and then bought back more bitcoin because i had profit.

then waited for another rapid rise and i did the same thing and bought back again.

after doing this a couple of times i now posses lots of bitcoin that i never though i could have.

and this rise was no different, i only sold a small portion on $1100 and i have been buying back at different levels and mostly at the 750-800 dollar range because of it being the bottom.

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January 12, 2017, 06:46:05 AM
#21

what i do is not based on times like this, i bought when price was low at $200 then sold a small portion when price had its first rapid rise and then bought back more bitcoin because i had profit.

then waited for another rapid rise and i did the same thing and bought back again.

after doing this a couple of times i now posses lots of bitcoin that i never though i could have.

and this rise was no different, i only sold a small portion on $1100 and i have been buying back at different levels and mostly at the 750-800 dollar range because of it being the bottom.

This is the good strategy of doing trading with the bitcoin holding, like this you can increase the quantity of bitcoin and this way the price of the purchase is also lowered. And if bitcoin trades in this range for some time then it will be very good for next bull run

 
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January 12, 2017, 06:54:49 AM
#22

what i do is not based on times like this, i bought when price was low at $200 then sold a small portion when price had its first rapid rise and then bought back more bitcoin because i had profit.

then waited for another rapid rise and i did the same thing and bought back again.

after doing this a couple of times i now posses lots of bitcoin that i never though i could have.

and this rise was no different, i only sold a small portion on $1100 and i have been buying back at different levels and mostly at the 750-800 dollar range because of it being the bottom.

Good strategy, and very nicely done. It require a big portion of luck and even bigger portion of courage Cheesy
I still dont feel comfortable doing that, but I gotta try it with small amount, not much to lose I guess. Bitcoin is excellent for that, its volatility is great, even without this China pump and dump has good range on daily basis.
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January 12, 2017, 07:39:15 AM
#23

what i do is not based on times like this, i bought when price was low at $200 then sold a small portion when price had its first rapid rise and then bought back more bitcoin because i had profit.

then waited for another rapid rise and i did the same thing and bought back again.

after doing this a couple of times i now posses lots of bitcoin that i never though i could have.

and this rise was no different, i only sold a small portion on $1100 and i have been buying back at different levels and mostly at the 750-800 dollar range because of it being the bottom.
Thats a good idea. Just believe in Bitcoin and im sure that Bitcoin price is going up again in the 2nd quarter of this year.Just hold   Bitcoins.
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January 12, 2017, 08:05:27 AM
#24

It is literally crashing a lot of factors made it price to fall down. But I will going to keep on waiting and planning to buy when it gets lower at $200 or if it doesn't made it from there at the bottom. Then I don't have choice but to keep on holding it and will hope for some price increase again even though I don't have an idea when it will happen again.

If you are going to wait till it drops to $200 I'm afraid you gonna wait for a long time, maybe it will never reach that price again (I certainly hope so). Some media make this China happening  a big deal, I think its good news for the long term. It made me panic at firs talso, but I didnt sell anything, and I dont intend to.
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January 12, 2017, 08:17:21 AM
#25

It is literally crashing a lot of factors made it price to fall down. But I will going to keep on waiting and planning to buy when it gets lower at $200 or if it doesn't made it from there at the bottom. Then I don't have choice but to keep on holding it and will hope for some price increase again even though I don't have an idea when it will happen again.
I think sooner or later the price of bitcoin will stop down, I think this happened because a lot of people who panic and sell their bitcoin sequentially due to a decrease in price very quickly. I'm sure this will soon stop. and will go up, so be prepared to dump
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January 12, 2017, 08:17:58 AM
#26

what i do is not based on times like this, i bought when price was low at $200 then sold a small portion when price had its first rapid rise and then bought back more bitcoin because i had profit.

then waited for another rapid rise and i did the same thing and bought back again.

after doing this a couple of times i now posses lots of bitcoin that i never though i could have.

and this rise was no different, i only sold a small portion on $1100 and i have been buying back at different levels and mostly at the 750-800 dollar range because of it being the bottom.

If you have applied this strategy on the recent pump then lukcy you, I didn't do the same thing unfrotunately but it is a good lesson that if you have a profit on something don't wait to get more and more profit because like now there is no profit to sell the bitcoins.
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January 12, 2017, 10:25:54 AM
#27

We might end up testing $220... Planning on buying a min of 3 BTC at $250 usd.

Not going to happen, if anything we will settle were we where in late Nov, just below $600.  Although i guess you might be being sarcastic, i hope so  Grin

Alas.. I am not being sarcastic :S.. Fear could push people to sell to cover potentially losing everything.

I will profit off of that fear.

I honestly don't think that it will never drop to that level - I imagine even the black market users would be buying like crazy at any price below $400-500, and that would keep the price from dropping as low as the 200s.

But you never know, if it does go that low I will be buying like crazy, (even though most of my coins were bought at roughly 10% of that price). I haven't been buying many recently, I think I bought a single coin at around $500 during that May 2014 bulltrap, just because I had some spare cash and felt the market was on it's way up. I don't have any cash to buy more now, and it seems like a silly idea to increase my dollar average price by risking a lot of money for a small percentage of 1 BTC, when I have a few tucked away for when I need them.

Just wish I'd saved and bought more when they were $20 each. Hindsight's a bitch, but at least I have some tucked away on a trezor for when I need them!

My guess is a consolidation around this area for a week or so, the mid 700s, and then either a pullback into the 800s or a drop to around 680ish, with a longer consolidation before another increase in price. I'd put the odds at around 50%/30% respectively for the two scenarios.

I'd say the odds of going below $600 are low, 20% perhaps. But if it does, then it could go a lot lower and there will be blood in the streets (and my credit card limit will be withdrawn and spent on the cheap coins!)

Guess I'll make that my sig, all the cool kids have one...
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January 12, 2017, 11:00:46 AM
#28

It is literally crashing a lot of factors made it price to fall down. But I will going to keep on waiting and planning to buy when it gets lower at $200 or if it doesn't made it from there at the bottom. Then I don't have choice but to keep on holding it and will hope for some price increase again even though I don't have an idea when it will happen again.
I think sooner or later the price of bitcoin will stop down, I think this happened because a lot of people who panic and sell their bitcoin sequentially due to a decrease in price very quickly. I'm sure this will soon stop. and will go up, so be prepared to dump

That's what I'm thinking a lot of holders did really panic selling and I maybe it has something to do with the Chinese again. Their yuan fell down and a lot of Chinese holders did really sold their bulks of bitcoin when they saw that the price was falling to $900 and it was followed by many bulk bitcoin holders and small time holders.
This is one of the reason while bitcoin does really decrease its price and the most obvious thing that the cause of decrease even more because of panic selling not only on big accumulators but also to some investors of bitcoin.It does really affect when they saw bitcoin price drop immensely then they sell off the coins to cut losses.
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January 12, 2017, 11:23:37 AM
#29

In a very short time everything took place without giving time for users as well the people involved with bitcoin to make changes to overcome the situation. This is great defeat for users involved with bitcoin into their businesses as well traders. Right now the panic might have increased.




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January 12, 2017, 11:59:00 AM
#30

In a very short time everything took place without giving time for users as well the people involved with bitcoin to make changes to overcome the situation. This is great defeat for users involved with bitcoin into their businesses as well traders. Right now the panic might have increased.
for those people who have planned to hold bitcoin for really long time they will stay calm
but for a trader like me it's a little bit confusing
the current situation basically have predicted after skyrocketing there will be a correction
but i don't expect as low as $700 or so , it should have 10 to 15 percent dropped max from $1,100.
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January 12, 2017, 12:02:57 PM
#31

If you are going to wait till it drops to $200 I'm afraid you gonna wait for a long time, maybe it will never reach that price again (I certainly hope so). Some media make this China happening  a big deal, I think its good news for the long term. It made me panic at firs talso, but I didnt sell anything, and I dont intend to.

Theoretically $200 per coin is not impossible, but it is very unlikely. It can only happen, if either the United States or the European Union declare the possession of Bitcoins a criminal offense.

 
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January 12, 2017, 12:18:21 PM
#32

In a price range such as this I was curious how most of you hold/trade your asset. Such as just hold and never sell, position trade based on price and or swap currencies through an exchange for another and or cash out.
Bitcoin price fall down around $350 is a sign to buy more of course, I'm not going to sell but keep saving.
Agree if bitcoin increases are inevitable because it's created that way, the price continue to decline but in mid year, we will have great pump again.
Look at the charts, it has those fluctuate pattern almost same every year.
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January 12, 2017, 12:27:33 PM
#33

The price deflation is very significant and I lost a big amount when the value fell down. I lost hundreds of dollars due to the inflation. But am I worried I am not. And what is my strategy to win back my losses, nothing. I just for another price increase in the market until finally I will recover my losses and win back my profit. For now the best strategy is just to wait.
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January 12, 2017, 12:36:10 PM
#34

what i do is not based on times like this, i bought when price was low at $200 then sold a small portion when price had its first rapid rise and then bought back more bitcoin because i had profit.

then waited for another rapid rise and i did the same thing and bought back again.

after doing this a couple of times i now posses lots of bitcoin that i never though i could have.

and this rise was no different, i only sold a small portion on $1100 and i have been buying back at different levels and mostly at the 750-800 dollar range because of it being the bottom.

This is the good strategy of doing trading with the bitcoin holding, like this you can increase the quantity of bitcoin and this way the price of the purchase is also lowered. And if bitcoin trades in this range for some time then it will be very good for next bull run
This might be really good way to earn large amount of profit just in short time but actually, it just depends on your luckiness, fortunately, that he can sell the bitcoin at the right price and could make profit out of it from the recent price decreasing while some people may, unfortunately, can't take advantage of the significant price changing. If doing this one was that easy then maybe i might have been earning so many bitcoin right now.

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January 12, 2017, 01:10:25 PM
#35

In a price range such as this I was curious how most of you hold/trade your asset. Such as just hold and never sell, position trade based on price and or swap currencies through an exchange for another and or cash out.

If I have time, I will not go for hold and never sell it is much profitable to trade since bitcoin is volatile . Those who sell their bitcoins because of the price decrease are the ones you can call panic sellers . Why would you sell it at a low price when you can just wait a few months or so for its price to increase . Though there is no guarantee that it will, Since you have taken the risk to join this kkind of community then you should also do the same like this time cause the chances that it will increase is pretty decent enough to just hold or buy more .

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January 12, 2017, 02:10:36 PM
#36

bitcoin prices down so fast. You must have the feeling that is sensitive to the price if you're looking to profit from it. hold bitcoin in a very long time, when the price goes up to high, can make at a loss, as it is today. Well, the people who are late to sell his bitcoin, may feel aggrieved. Well, the price of bitcoin is so exhibited significantly
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January 12, 2017, 02:16:25 PM
#37

It has been a really volatile week for bitcoin, but that doesn't mean that bitcoin will not rise anymore.
We all know as a bitcoin user the reason thereof, it is very simple if you need the money then you are free to get it, if not then you just have to wait few months 'till its price to rise again.
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January 12, 2017, 02:47:32 PM
#38

The long term tendency remains. watch any weekly chart and you'll see how bitcoin price has increased steadily for the last 3 years.  these kind of movements are expected.

Bitrated user: comoto3000.
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January 12, 2017, 03:04:48 PM
#39

Its a big loss of value into a short period, but once again halving price were 500-600 dollars people believed that bitcoin reached 800 and 900 dollars and even the 1100 dollars worth without any reason behind, soo whales or big miners pushed the price up and were dropping all days a bit of their bitcoins, now they are able to buy almost 50% more bitcoin with the same money they had. This is a big game that the most cant afford and wont know when will start or stop, but as long you are in you can survive.
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January 12, 2017, 03:12:25 PM
#40

In a price range such as this I was curious how most of you hold/trade your asset. Such as just hold and never sell, position trade based on price and or swap currencies through an exchange for another and or cash out.

Just hodling. Anything different makes no sense. Bitcoin is the best available form of money out there. Exchanging it for fiat feels like doing the dumbest trade of the century.

The purchasing power of Bitcoin can only increase, because there is no limitless inflation. All fiat currencies will be inflated to death.
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January 12, 2017, 03:18:16 PM
#41

In a price range such as this I was curious how most of you hold/trade your asset. Such as just hold and never sell, position trade based on price and or swap currencies through an exchange for another and or cash out.
I decided to sell my bitcoin because of the price i want to hold them but since the price is still decreasing i need to decide, I don't want to invest my bitcoin i already sold them because i need some funds for my financial problem. If you think bitcoin will be continuously decreasing cash it now like me,
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January 12, 2017, 03:24:49 PM
#42


There is no way i am selling at this price or even at $1100,  Bitcoin is worth far more, and i believe in 10 years we will look back at these prices and wish we had bought more.  I will either be a rich man or bitcoin is bust in 10 years  Grin

I like your resolution and even your decision because the quality of a decision is not in the decision itself but the outcome of such decision which will be the deciding factor. And youre ready for the outcome which is the best thing.

The gap is much more significant and for a short term trader who bought  a day before the burst, will definitely be at a high loss which is quite unfortunate. But I am also optimistic that the recovery is around the corner and its going to happen soon...
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January 12, 2017, 03:33:46 PM
#43

In a price range such as this I was curious how most of you hold/trade your asset. Such as just hold and never sell, position trade based on price and or swap currencies through an exchange for another and or cash out.

There is no way i am selling at this price or even at $1100,  Bitcoin is worth far more, and i believe in 10 years we will look back at these prices and wish we had bought more.  I will either be a rich man or bitcoin is bust in 10 years  Grin

I wish you were right. I hope Bitcoin will return to $1,100 soon and then it will stabilze there. And I really think people shouldn't sell at $750 or at anything lower than $1,000. Have some faith in Bitcoin, guys, it will rise again.
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January 12, 2017, 03:40:42 PM
#44

In a price range such as this I was curious how most of you hold/trade your asset. Such as just hold and never sell, position trade based on price and or swap currencies through an exchange for another and or cash out.

There is no way i am selling at this price or even at $1100,  Bitcoin is worth far more, and i believe in 10 years we will look back at these prices and wish we had bought more.  I will either be a rich man or bitcoin is bust in 10 years  Grin

I wish you were right. I hope Bitcoin will return to $1,100 soon and then it will stabilze there. And I really think people shouldn't sell at $750 or at anything lower than $1,000. Have some faith in Bitcoin, guys, it will rise again.

Well personal opinion matters, you can't feed them if they go hungry.  So I guess it is up to the holder if he needs to cash it out or hold.  People with extra money won't mind, but people who have just enough have a tendency to sell them of fearing it might become worthless.  I will hold if it is asking about my action.  It is too cheap to sell Bitcoin @ the current market price.
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January 12, 2017, 03:48:47 PM
#45

In a price range such as this I was curious how most of you hold/trade your asset. Such as just hold and never sell, position trade based on price and or swap currencies through an exchange for another and or cash out.

Really now it is not right to sell bitcoin because very soon the price of bitcoin will rise, these things are very common in trading there will ups and down common, right now it is better to hold bitcoin until the price reaches to 1100$ again. The only thing here is you need to wait patiently and watch the bitcoin market carefully.

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January 12, 2017, 03:52:02 PM
#46

Buy buy buy, don't hesitate my friends and buy with trust to each other, if we always continue to buy when price goes down then we could potentially grab the manipulators coins and leave them empty handed, let the weak hands and big whales dump on us and we shouldn't really back down now that is important to be more supportive towards bitcoin, buy buy buy.

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January 12, 2017, 04:21:37 PM
#47

I think that the sudden increase of bitcoin price needed a correction.
Otherwise the bubble building process would go too high, and the consequences not good for bitcoin.
The way it went now, I think it was acceptable.
At the moment we are at a price level where we wer before the increase, and that's a realistic price for bitcoin.
The steady long term increase is not in danger.

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January 12, 2017, 04:25:17 PM
#48

I believe many people think that these changes are actually quite minor, fluctuations if we compare them with the price of bitcoin in a few years. That's why some people panic and sell everything they have but many people keep calm and wait for the better future. As for me, I think the price doesn't matter much and we have to sell btc anytime we need money. If we don't then fine, we can just wait till it reaches its peak which is certainly not $1300. Does saving really makes sense if you don't have plans on your money? I don't think so.

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January 12, 2017, 04:32:01 PM
#49

In a price range such as this I was curious how most of you hold/trade your asset. Such as just hold and never sell, position trade based on price and or swap currencies through an exchange for another and or cash out.

If you know bitcoin must know even that is very capricious. So this movements of value are almost normal for it. Maybe not so deep change but we are near of the normal movements of it. As such, every bitcoiner, do that which needed to do: HODL.
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January 12, 2017, 04:52:24 PM
#50

In a price range such as this I was curious how most of you hold/trade your asset. Such as just hold and never sell, position trade based on price and or swap currencies through an exchange for another and or cash out.

Sure the price has dropped quite too much than our expectation, but at the end of the day it had to happen, because we all know if something goes high too early it will come down earlier, but still i wont sell my coins at all right now, i believe we can cross the all time high again in this year, and until that happens i will keep earning and storing.
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January 12, 2017, 05:17:44 PM
#51

People are so close minded, just 2 weeks ago all they could see was the increase in price and now all they are seeing is the decreasing value. Think about it, a month ago $700 would have been a normal price to you and now it's $700 again and you are all sad that the value has dropped. If you're afraid then sell, I haven't sold mine at $500 and I won't do it at $700 it's much too early. The final price is going to be over $1000, you'll see.

 
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January 12, 2017, 05:24:07 PM
#52

People are so close minded, just 2 weeks ago all they could see was the increase in price and now all they are seeing is the decreasing value. Think about it, a month ago $700 would have been a normal price to you and now it's $700 again and you are all sad that the value has dropped. If you're afraid then sell, I haven't sold mine at $500 and I won't do it at $700 it's much too early. The final price is going to be over $1000, you'll see.

Not only the Bitcoin price is volatile, but the moods of all these rookies here as well. One day they think the price will break through $2000, and the other day people think it will reach $400-$500 again. Current price is still fantastic. I have said a while ago that I was very happy with the price to remain above the $700 level, and I'm still supporting that thought. Everything above that number is seen as a bonus.
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January 12, 2017, 05:25:26 PM
#53

People are so close minded, just 2 weeks ago all they could see was the increase in price and now all they are seeing is the decreasing value. Think about it, a month ago $700 would have been a normal price to you and now it's $700 again and you are all sad that the value has dropped. If you're afraid then sell, I haven't sold mine at $500 and I won't do it at $700 it's much too early. The final price is going to be over $1000, you'll see.
Yes agree with you $700 is correct price for get in Bitcoin investment but there is still fear in peoples that price may drop more then they are expecting they generally think that Bitcoin is completely unpredictable.  

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January 12, 2017, 05:26:57 PM
#54

The long term tendency remains. watch any weekly chart and you'll see how bitcoin price has increased steadily for the last 3 years.  these kind of movements are expected.
Exactly, the long term tendency is steady. Im sure it will go up.
Short problem delivered form china is nothing.
Keep hodl, keep calm.

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January 12, 2017, 05:29:55 PM
#55

We might end up testing $220... Planning on buying a min of 3 BTC at $250 usd.
I will agree with you that most here would do that and hold the shit out of that until they die of waiting for them to reach $1200 again.
Which won't happen in their live time. Maybe their grand kids but by that time bitcoin will not be around anymore. They will be living in a society that takes blood (infection free) or livers for what you owe for your house and what you live off of.

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January 12, 2017, 09:22:58 PM
#56

The long term tendency remains. watch any weekly chart and you'll see how bitcoin price has increased steadily for the last 3 years.  these kind of movements are expected.

Indeed but most likely it will go soon or later to a higher price, we just need some patience for it right now.
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January 12, 2017, 10:24:54 PM
#57

We might end up testing $220... Planning on buying a min of 3 BTC at $250 usd.
I will agree with you that most here would do that and hold the shit out of that until they die of waiting for them to reach $1200 again.
Which won't happen in their live time. Maybe their grand kids but by that time bitcoin will not be around anymore. They will be living in a society that takes blood (infection free) or livers for what you owe for your house and what you live off of.

I think that we can wait on this price, I also think that we can reach it fast so I stay just patient right now.
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January 12, 2017, 11:14:51 PM
#58

 This decrease in fast and totally unexpected price! What are the reasons that led to the rapid decline in the price in your opinions?

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January 12, 2017, 11:39:56 PM
#59

The long term tendency remains. watch any weekly chart and you'll see how bitcoin price has increased steadily for the last 3 years.  these kind of movements are expected.
but nonetheless although you see the price rise in three years. decline in prices that occurred at this time really makes a lot of losers. I'm sure many users are panicked. due to rapid price declines
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January 12, 2017, 11:45:15 PM
#60

This decrease in fast and totally unexpected price! What are the reasons that led to the rapid decline in the price in your opinions?
Haven't you heard the news? Decline was caused by Chinese Central Bank/Government which is trying to curb bitcoin trading to prevent Chinese citizens to transfer wealth outside the country.
Delegations from Central Bank are visiting major exchanges and forcing them to impose AML/KYC on their customers.


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Steven009
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January 12, 2017, 11:46:44 PM
#61

I believe firmly that one day we'll see bitcoin past $10,000. I've had BTC since 2011, didn't sell after the 27 of November 2013 breaking point (+$1,000), and didn't sell on December/early January this year. I don't think I'll sell it in the next 10 years unless I really need it.

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pacifista
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January 13, 2017, 12:49:10 AM
#62

In a price range such as this I was curious how most of you hold/trade your asset. Such as just hold and never sell, position trade based on price and or swap currencies through an exchange for another and or cash out.
This is only a common thing  that happens to bitcoin,when bitcoin starts to climb up the next thing that will happen is going down. Vice versa. The best thing to do when the price starts to drop is hold and never sell.
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January 13, 2017, 01:16:17 AM
#63

This decrease in fast and totally unexpected price! What are the reasons that led to the rapid decline in the price in your opinions?
Its because of FUDsters. Spreading negative news that lead to panic selling of traders specially on China. Traders are very sensitive. They are buying negative than positive. Lately we saw a news came from China that they will going to investigate all btc exchange due to unbelievable volume that really affects the price. It cause massive panic to the traders that cause the price to drop down to $750+. I saw the chart and it look strange.


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cpfreeplz
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January 13, 2017, 03:52:34 AM
#64

This decrease in fast and totally unexpected price! What are the reasons that led to the rapid decline in the price in your opinions?
Its because of FUDsters. Spreading negative news that lead to panic selling of traders specially on China. Traders are very sensitive. They are buying negative than positive. Lately we saw a news came from China that they will going to investigate all btc exchange due to unbelievable volume that really affects the price. It cause massive panic to the traders that cause the price to drop down to $750+. I saw the chart and it look strange.

Unfortunately for us HODLing, traders are very speculative and sell/buy on a whim. Right now is the time that traders love because of the volatility up and down. $1100 to $750 is a huge drop, but we haven't had a bear market in so long that people around here forget that it's totally normal for this to happen. The price won't shoot up forever, sometimes it'll drop. I'm expecting it to go back up so I HODL.
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January 13, 2017, 03:58:27 AM
#65

Anyone who has been around for more than a few months can tell this was just a temporary setback.
Now that the gloom and doom is over, the price will stabilize and slowly go back up towards $1000.

Right now is probably a great time to invest in some extra coins if you can, actually.
I'll be putting any extra cash I have into Bitcoin until the winter is over. Hopefully by summer I'm rewarded for the savings/ investment I do during the cold months.

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January 13, 2017, 04:08:30 AM
#66

it was inevitable that the price of bitcoins would crash to such an extend but still selling them to an amount would be too foolish and i would recommend you to wait for another 5 to 7 years  ,the price will be too high and you will be happy to  sell them.
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January 13, 2017, 04:32:11 AM
#67

This decrease in fast and totally unexpected price! What are the reasons that led to the rapid decline in the price in your opinions?
Yes the decreased more than 27℅ only a week. I think this has related with the Chinese New Year, we all know that the largest users of bitcoin is from china, when they need a lot of money to celebrate the new year of course they would sell everything, including bitcoin.
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January 13, 2017, 04:37:40 AM
#68

I hope btc price will not fall below $700. It mainly occured due to policies made by PBOC. They just wanted to save yuan price from falling. It created a dramatic change in price within 2 weeks. It is the best time to buy bitcoins who want to hold in long terms. Surely, its price would increase much higher in future due to its increase in demand as more people are getting familiar about bitcoins.
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January 13, 2017, 07:24:13 AM
#69

I hope btc price will not fall below $700. It mainly occured due to policies made by PBOC. They just wanted to save yuan price from falling. It created a dramatic change in price within 2 weeks. It is the best time to buy bitcoins who want to hold in long terms. Surely, its price would increase much higher in future due to its increase in demand as more people are getting familiar about bitcoins.

The same happened in 2013 as well. After BTC hit $1,000 per coin, there was some bad news from China, and the exchange rates collapsed. The rates never recovered, as the Mt Gox scandal occurred after two months.

 
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January 13, 2017, 01:19:38 PM
#70

In a price range such as this I was curious how most of you hold/trade your asset. Such as just hold and never sell, position trade based on price and or swap currencies through an exchange for another and or cash out.

Well i think long time bitcoin users already saw this coming and of course, agressive experienced traders base their selling on how the price moves. And for me, since i'm not yet that experienced and confident about my trading, i'll hold on to the btc's that i currently have right now. And with the drop, i think its also a good time to buy a couple of more btc's to hold on to.

 
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January 13, 2017, 02:55:22 PM
#71

The move is obviously significant, it is a $350 move!  It makes me think that we may not see an old style bubble of epic proportions again, this was more of a mini-bubble.
I sold a few coins, but missed the top. I don't day trade but I have been holding since about $250, so was ready to take some profit if I felt the price was rising too fast.

The big crash from 1100 to 900 in 1h was crazy and made me want to cash out some. Volatility is one thing, but seeing a 20% swing in minutes is another. It made me wonder that if China ever did really ban Bitcoin (not impossible) then what would happen to the price?

Anyway, I am hoping for the price rise that has been going on for 6 months will continue now that the mini-bubble is over. If the price goes down significantly more, I might look to buy some more (sub$500)
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January 13, 2017, 03:09:55 PM
#72

I would say that while the drop in price is definitely significant, it's also somewhat founded on FUD and exaggerated news from China.
If you take that into account, this is just temporary.

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January 13, 2017, 03:18:37 PM
#73

$770 to $810 for the last 12 hours that's what I see in preev and it may stay at that level for the next few days but hey this is Bitcoin, party time is not over yet. We did not anticipate the ATH of $1200+ and it may happen again. Hold if you still have coins with you.
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January 14, 2017, 01:31:16 AM
#74

Not as significant as last years rally, from 200$ going up 1150$. It will be more significant if the price goes down so fast and so deep,from 1150$ to 100$. But its too impossible to happen right now cause bitcoin bounces back again.
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January 14, 2017, 01:41:44 AM
#75

In a price range such as this I was curious how most of you hold/trade your asset. Such as just hold and never sell, position trade based on price and or swap currencies through an exchange for another and or cash out.
I can not sell my Bitcoin due to some several reasons so I decide to keep those Bitcoin instead of selling them. although the price has dropped lower thab $800, Bitcoin will absolutely increase again. Since right now is almost Chinese new year, most of Chinese investors would sell their Bitcoin.That's why I think there ia no reason to be panic. Be patient with Bitcoin and you will be rich

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January 14, 2017, 02:22:07 AM
#76

In a price range such as this I was curious how most of you hold/trade your asset. Such as just hold and never sell, position trade based on price and or swap currencies through an exchange for another and or cash out.

Yes, Just only 9 days , Bitcoin has decrease nearly 400$. It's really not normal. we only know that China will give out some rules to control bitcoin and They don't want foreign currency to go out of china. That's it.
It was an speculation bubble that is it. The price of bitcoin is more or less where it was before the bubble so this was a manufactured bubble by those that wanted to cash out some of their coins. They created the bubble to being able to cash out and earn money in the process.

 
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January 14, 2017, 04:18:28 AM
#77

Those who have been around for some time, know that it is common, there is a high, whales begin a dump and there is a panic sell. The important thing is to always think in the long run, dump is an opportunity to buy more. As someone said, we will probably look back and wish to buy more in a few years from now.
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January 14, 2017, 04:31:05 AM
#78

I missed the price updates before the Christmas day ends until January 12 and I was shocked seeing that the value has been already decreased. It's okay at least I still have my coins in my wallet, I am hoping that this continues falling down will change to increasing again.

 
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January 14, 2017, 05:47:48 AM
#79

I missed the price updates before the Christmas day ends until January 12 and I was shocked seeing that the value has been already decreased. It's okay at least I still have my coins in my wallet, I am hoping that this continues falling down will change to increasing again.
I think it's really hard for bitcoin to restore its price until $1100 again or even surpasses it, as someone said that bitcoin price when it just reached $1100 is overbought and will eventually finding its stable point when people have made a decision to sell their bitcoin massly and it's proven to be happened and the price was decreasing in just short amount of time.

 
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January 14, 2017, 05:49:05 AM
#80

I'm sure there were a lot of people somewhat deflated by how quickly bitcoin slid back down the $1000 slope but this will be tempered by the opportunity to buy even more at today's relatively good prices.

I'm still a good three months away from being in a position to purchase my first bitcoin... so a part of me hopes for even lower prices by April.

I know I'm not alone among long-term holders too!

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January 14, 2017, 05:52:04 AM
#81

indeed it is significant but do not forget too that people also already get big profit too when bitcoin price at range $1100 and i must says that when the price down faster i do a part of panic selling even i didn't sells all of my bitcoin but i decide to cutting my losses but currently i'm buying back and still hold to wait my target price
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January 14, 2017, 06:30:26 AM
#82

Those who have been around for some time, know that it is common, there is a high, whales begin a dump and there is a panic sell. The important thing is to always think in the long run, dump is an opportunity to buy more. As someone said, we will probably look back and wish to buy more in a few years from now.

when the price is drop until $8xx, i see the panic sell is happen in the market and it cause the price of bitcoin getting more down until reach $7xx but now the price is back into $8xx and i hope that the price will be back into $1000 soon. i think people is not playing for long term but they are playing in short term and i think this is why the panic selling is happen and it makes the price to go down.

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January 14, 2017, 08:29:04 AM
#83

Yep, this price drop is significant. It signifies that this is a great time to buy more coin, at more than 30% off! I bought at $720, and now the price is upwards of $820, in a matter of days.

Bitcoin is grotesquely undervalued, and since the price to create a Bitcoin currently is around the high 600s or the low 700s, the price can't get any lower.

looking for a signature campaign, dm me for that
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January 14, 2017, 04:42:52 PM
#84

what i do is not based on times like this, i bought when price was low at $200 then sold a small portion when price had its first rapid rise and then bought back more bitcoin because i had profit.

then waited for another rapid rise and i did the same thing and bought back again.

after doing this a couple of times i now posses lots of bitcoin that i never though i could have.

and this rise was no different, i only sold a small portion on $1100 and i have been buying back at different levels and mostly at the 750-800 dollar range because of it being the bottom.

This is the same strategy I use when buying a particular stock for long term. I may wait on a bad day in the market then accumulate. BTC will become less volatile in the coming years and I am looking forward to that.   
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January 14, 2017, 07:11:07 PM
#85

what i do is not based on times like this, i bought when price was low at $200 then sold a small portion when price had its first rapid rise and then bought back more bitcoin because i had profit.

then waited for another rapid rise and i did the same thing and bought back again.

after doing this a couple of times i now posses lots of bitcoin that i never though i could have.

and this rise was no different, i only sold a small portion on $1100 and i have been buying back at different levels and mostly at the 750-800 dollar range because of it being the bottom.

This is the same strategy I use when buying a particular stock for long term. I may wait on a bad day in the market then accumulate. BTC will become less volatile in the coming years and I am looking forward to that.    

If it gets less volatile means the times for big gains would be over. You either want big gains or you want less volatility...

I don't see BTC becoming stable until it's around 100K per coin. We would need a trillionaire market cap in order to avoid the big ins and outs of money from the system. Anything less than a trillion marketcap is prone to big swings.

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January 14, 2017, 07:29:38 PM
Last edit: January 14, 2017, 08:12:00 PM by deisik
#86

what i do is not based on times like this, i bought when price was low at $200 then sold a small portion when price had its first rapid rise and then bought back more bitcoin because i had profit.

then waited for another rapid rise and i did the same thing and bought back again.

after doing this a couple of times i now posses lots of bitcoin that i never though i could have.

and this rise was no different, i only sold a small portion on $1100 and i have been buying back at different levels and mostly at the 750-800 dollar range because of it being the bottom.

This is the same strategy I use when buying a particular stock for long term. I may wait on a bad day in the market then accumulate. BTC will become less volatile in the coming years and I am looking forward to that.   

If it gets less volatile means the times for big gains would be over. You either want big gains or you want less volatility...

I don't see BTC becoming stable until it's around 100K per coin. We would need a trillionaire market cap in order to avoid the big ins and outs of money from the system. Anything less than a trillion marketcap is prone to big swings.

There are only 21M bitcoins

While right now the number is even less than that. If the price will ever be around 100K dollars per coin, how many bitcoins will be traded then? The market will be razor thin in this case, and you will see even more mind-boggling price swings both in relative and absolute terms. If you understand how price is shaped in such a market, you can't possibly come to any other conclusion. For the big ins and outs you refer to you would need by far fewer coins than you need right now in order to move the market at the same percentage

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January 15, 2017, 05:48:33 PM
#87

Yep, this price drop is significant. It signifies that this is a great time to buy more coin, at more than 30% off! I bought at $720, and now the price is upwards of $820, in a matter of days.

Bitcoin is grotesquely undervalued, and since the price to create a Bitcoin currently is around the high 600s or the low 700s, the price can't get any lower.
With the price reaching 1100$ people who were satisfied with price and decided to sell their bitcoin are now able to buy twice as much as they had considering how much it went down significantly in a short amount of time, as for the ones that didnít take that opportunity have the chance to buy it at a lower prices.
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January 15, 2017, 06:37:28 PM
#88

Yep, this price drop is significant. It signifies that this is a great time to buy more coin, at more than 30% off! I bought at $720, and now the price is upwards of $820, in a matter of days.

Bitcoin is grotesquely undervalued, and since the price to create a Bitcoin currently is around the high 600s or the low 700s, the price can't get any lower.
With the price reaching 1100$ people who were satisfied with price and decided to sell their bitcoin are now able to buy twice as much as they had considering how much it went down significantly in a short amount of time, as for the ones that didnít take that opportunity have the chance to buy it at a lower prices.

Well said - discount.
Many panicked when they saw such a discount.
But this is not about us, because we are wise people and know when to buy Bitcoins, and when to sell.
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January 15, 2017, 06:44:52 PM
#89

Yep, this price drop is significant. It signifies that this is a great time to buy more coin, at more than 30% off! I bought at $720, and now the price is upwards of $820, in a matter of days.

Bitcoin is grotesquely undervalued, and since the price to create a Bitcoin currently is around the high 600s or the low 700s, the price can't get any lower.
With the price reaching 1100$ people who were satisfied with price and decided to sell their bitcoin are now able to buy twice as much as they had considering how much it went down significantly in a short amount of time, as for the ones that didnít take that opportunity have the chance to buy it at a lower prices.
I think it is always goo to buy bitcoins but partially if you seen that the price is increase high you can sell just percentage of your bitcoin so that you can not be lose in the near future.. if you are a trader you can do this and apply it your working methods honestly but still depends if what you are holding..



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January 15, 2017, 10:36:32 PM
#90

Yep, this price drop is significant. It signifies that this is a great time to buy more coin, at more than 30% off! I bought at $720, and now the price is upwards of $820, in a matter of days.

Bitcoin is grotesquely undervalued, and since the price to create a Bitcoin currently is around the high 600s or the low 700s, the price can't get any lower.
With the price reaching 1100$ people who were satisfied with price and decided to sell their bitcoin are now able to buy twice as much as they had considering how much it went down significantly in a short amount of time, as for the ones that didnít take that opportunity have the chance to buy it at a lower prices.
I think it is always goo to buy bitcoins but partially if you seen that the price is increase high you can sell just percentage of your bitcoin so that you can not be lose in the near future.. if you are a trader you can do this and apply it your working methods honestly but still depends if what you are holding..

I have decided I am a buyer up to $1,000 at this time. In a few months I can take another look at the BTC market and world economic conditions. 
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January 15, 2017, 10:48:16 PM
#91

indeed it is significant but do not forget too that people also already get big profit too when bitcoin price at range $1100 and i must says that when the price down faster i do a part of panic selling even i didn't sells all of my bitcoin but i decide to cutting my losses but currently i'm buying back and still hold to wait my target price
In fact it was a great opportunity to make a profit. The price was at a very high level, and it was possible, with due analysis, to predict that the crash could happen, but I think the OP refers mainly to the fact that the price decline occurred very quickly, I think a lot of people were surprised to see that the price had changed so drastically the next day.
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January 15, 2017, 10:51:31 PM
#92

In a price range such as this I was curious how most of you hold/trade your asset. Such as just hold and never sell, position trade based on price and or swap currencies through an exchange for another and or cash out.

I don't think it's that significant. People should have seen this coming. What goes up goes down.

Did people really think that BTC will just skyrocket to 1 million $ without any corrections?

Bitcoin first reached 470$, then it went up to 800 suddenly. That was an unstable price level. But it got pumped higher. That was already extremely overpriced, and anyone with half a brain should have sold there.

And now it corrected it to 815$, which is pretty much where it came from. Although the previous 800 level was very unstable, and it could have gone back down to a stable 470$.

Now it may still go lowere, I  dont know. What I do know is that the current price is more stable than the >1000$ levels, but I dont think it is that safe to buy now in my opinion.


So people can trade it any way they want. But for buying, I think it's only good after the correction is finished, and price momentum is exhausted.

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January 15, 2017, 11:03:34 PM
#93

I missed the price updates before the Christmas day ends until January 12 and I was shocked seeing that the value has been already decreased. It's okay at least I still have my coins in my wallet, I am hoping that this continues falling down will change to increasing again.
I think all users bitcoin shocked and surprised by the bitcoin prices are rising very fast. including me. Fortunately I managed to sell bitcoinku the time, so now time for me to dump and wait for prices to go up
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January 15, 2017, 11:09:21 PM
#94

Call it sla bubble if you want but in reality it's closer to a bull run, although there must have been some attempts to manipulate the market. Large players certainly dumped some coins on people believing in a long uptrend.

 
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January 15, 2017, 11:09:27 PM
#95

I missed the price updates before the Christmas day ends until January 12 and I was shocked seeing that the value has been already decreased. It's okay at least I still have my coins in my wallet, I am hoping that this continues falling down will change to increasing again.
I think it's really hard for bitcoin to restore its price until $1100 again or even surpasses it, as someone said that bitcoin price when it just reached $1100 is overbought and will eventually finding its stable point when people have made a decision to sell their bitcoin massly and it's proven to be happened and the price was decreasing in just short amount of time.

It will take some time probably months, and yes it was a bubble as other say it.  The rapid increase in price of Bitcoin this past Christmas to New Year created a minor bubble then resulting in rapid decline in price in the next week.  At least Bitcoin is stable now at $790 - $830, I was worried that it might go down to sub $600 when the continue fall of Bitcoin from $1000+ to sub $800 happen.

 
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January 15, 2017, 11:17:39 PM
#96

I missed the price updates before the Christmas day ends until January 12 and I was shocked seeing that the value has been already decreased. It's okay at least I still have my coins in my wallet, I am hoping that this continues falling down will change to increasing again.
I think all users bitcoin shocked and surprised by the bitcoin prices are rising very fast. including me. Fortunately I managed to sell bitcoinku the time, so now time for me to dump and wait for prices to go up
Others are shocked and believe that bitcoin will go drop fast thats why others sell all the btc they were holding to think they can get profit before its too late for them. But other holders still believes in bitcoin,and waiting for that moment to release them all.

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January 15, 2017, 11:32:32 PM
#97

I missed the price updates before the Christmas day ends until January 12 and I was shocked seeing that the value has been already decreased. It's okay at least I still have my coins in my wallet, I am hoping that this continues falling down will change to increasing again.
I think it's really hard for bitcoin to restore its price until $1100 again or even surpasses it, as someone said that bitcoin price when it just reached $1100 is overbought and will eventually finding its stable point when people have made a decision to sell their bitcoin massly and it's proven to be happened and the price was decreasing in just short amount of time.

It will take some time probably months, and yes it was a bubble as other say it.  The rapid increase in price of Bitcoin this past Christmas to New Year created a minor bubble then resulting in rapid decline in price in the next week.  At least Bitcoin is stable now at $790 - $830, I was worried that it might go down to sub $600 when the continue fall of Bitcoin from $1000+ to sub $800 happen.
It's just simply annoying when the correction after skyrocketing way too deep
We should stay at least in $850 after hitting the $1150 or so
And keep growing after , unfortunately the fact recently it shows how the price could possible down deeper
Everyone worry about it no doubt, so panic selling will still happened.
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January 15, 2017, 11:44:18 PM
#98

I missed the price updates before the Christmas day ends until January 12 and I was shocked seeing that the value has been already decreased. It's okay at least I still have my coins in my wallet, I am hoping that this continues falling down will change to increasing again.
I think it's really hard for bitcoin to restore its price until $1100 again or even surpasses it, as someone said that bitcoin price when it just reached $1100 is overbought and will eventually finding its stable point when people have made a decision to sell their bitcoin massly and it's proven to be happened and the price was decreasing in just short amount of time.

It will take some time probably months, and yes it was a bubble as other say it.  The rapid increase in price of Bitcoin this past Christmas to New Year created a minor bubble then resulting in rapid decline in price in the next week.  At least Bitcoin is stable now at $790 - $830, I was worried that it might go down to sub $600 when the continue fall of Bitcoin from $1000+ to sub $800 happen.
It's just simply annoying when the correction after skyrocketing way too deep
We should stay at least in $850 after hitting the $1150 or so
And keep growing after , unfortunately the fact recently it shows how the price could possible down deeper
Everyone worry about it no doubt, so panic selling will still happened.
I think panic selling have passed couple days ago. Bitcoin seems going to rise and as I see it's price doesn't going under 800$ for some days. And I hope bitcoin will continue to add dollars to it's price day by day.
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January 15, 2017, 11:57:55 PM
#99

I missed the price updates before the Christmas day ends until January 12 and I was shocked seeing that the value has been already decreased. It's okay at least I still have my coins in my wallet, I am hoping that this continues falling down will change to increasing again.
I think it's really hard for bitcoin to restore its price until $1100 again or even surpasses it, as someone said that bitcoin price when it just reached $1100 is overbought and will eventually finding its stable point when people have made a decision to sell their bitcoin massly and it's proven to be happened and the price was decreasing in just short amount of time.

It will take some time probably months, and yes it was a bubble as other say it.  The rapid increase in price of Bitcoin this past Christmas to New Year created a minor bubble then resulting in rapid decline in price in the next week.  At least Bitcoin is stable now at $790 - $830, I was worried that it might go down to sub $600 when the continue fall of Bitcoin from $1000+ to sub $800 happen.
It's just simply annoying when the correction after skyrocketing way too deep
We should stay at least in $850 after hitting the $1150 or so
And keep growing after , unfortunately the fact recently it shows how the price could possible down deeper
Everyone worry about it no doubt, so panic selling will still happened.
I think panic selling have passed couple days ago. Bitcoin seems going to rise and as I see it's price doesn't going under 800$ for some days. And I hope bitcoin will continue to add dollars to it's price day by day.
How can you say panic selling ended?  Its not ended they are only resting and waiting for a signal to sell them all again, for now lets enjoy the price cause bitcoin did go too deep aftet that panic selling you was saying.
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January 16, 2017, 06:27:00 AM
#100

I think panic selling have passed couple days ago. Bitcoin seems going to rise and as I see it's price doesn't going under 800$ for some days. And I hope bitcoin will continue to add dollars to it's price day by day.

It was not panic selling, but more like a small correction due to profit booking. Many of those who purchased their coins for $250 per coin decided to sell a part of their holdings. That phase is over now.

 
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January 16, 2017, 11:01:50 AM
#101

I think panic selling have passed couple days ago. Bitcoin seems going to rise and as I see it's price doesn't going under 800$ for some days. And I hope bitcoin will continue to add dollars to it's price day by day.

It was not panic selling, but more like a small correction due to profit booking. Many of those who purchased their coins for $250 per coin decided to sell a part of their holdings. That phase is over now.

That was not a small correction by any means

The price basically went down to its baseline level below 800 dollars from where it had started its recent rally. I'd rather say it was a typical pump-and-dump scheme (we can safely assume that now). And this "correction" is hardly over yet. We are mostly trading sideways right now, but as to me, the chances of going lower eventually (say, to lower 700s) are higher than the chances of going higher. People are scared and seem to be more willing to sell than buy these days. The market sentiment is clearly bearish presently

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January 16, 2017, 11:13:08 AM
#102

very significant, this looks like a coin embarrassing and newly launched in the market. with this incident, I will sell the entire bitcoin I had when reaching the highest price and the indicated will go down. but now is a good time to buy again.
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January 16, 2017, 11:18:38 AM
#103

very significant, this looks like a coin embarrassing and newly launched in the market. with this incident, I will sell the entire bitcoin I had when reaching the highest price and the indicated will go down. but now is a good time to buy again.
what is the exact reason that causing you saying " now is a good time to buy again" ? , the price is pretty unstable and whether the stable point is under this current rate or above no one of us know
I would prefer be more patience waiting for sometimes and see the right time rather than risking my money for nothing.

 
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January 16, 2017, 11:21:55 AM
#104

When this kind of price range definitely sellers take profit that is why it got down from 1100$ also the affect on news from China. That is why it got down back to 700$. Well time will tell us it will go back to 1000$ level if it will become a support for it.

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January 16, 2017, 11:33:36 AM
#105

very significant, this looks like a coin embarrassing and newly launched in the market. with this incident, I will sell the entire bitcoin I had when reaching the highest price and the indicated will go down. but now is a good time to buy again.

Perhaps the price of 750$ is the bottom line which I predicted in this year. To boost the price , it needs more good news to attract more new investors to join . it seems some restrictions from china has effected on bitcoin increase. That is the reason why china still controls the price of bitcoin.

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January 16, 2017, 12:10:42 PM
#106

It is better to hold the coin for now, there is no reason to sell your coin unless you really need the money, bitcoin had come from 300$ to 750$ and ever reach 1000$, I think it will be more valuable in the future, so keeping bitcoin as investment is a great idea and if you got extra money, purchase some bitcoin at this rate surely going to make you earn profit in the future


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January 16, 2017, 12:27:15 PM
#107

I missed the price updates before the Christmas day ends until January 12 and I was shocked seeing that the value has been already decreased. It's okay at least I still have my coins in my wallet, I am hoping that this continues falling down will change to increasing again.
I think it's really hard for bitcoin to restore its price until $1100 again or even surpasses it, as someone said that bitcoin price when it just reached $1100 is overbought and will eventually finding its stable point when people have made a decision to sell their bitcoin massly and it's proven to be happened and the price was decreasing in just short amount of time.

It will take some time probably months, and yes it was a bubble as other say it.  The rapid increase in price of Bitcoin this past Christmas to New Year created a minor bubble then resulting in rapid decline in price in the next week.  At least Bitcoin is stable now at $790 - $830, I was worried that it might go down to sub $600 when the continue fall of Bitcoin from $1000+ to sub $800 happen.
It's just simply annoying when the correction after skyrocketing way too deep
We should stay at least in $850 after hitting the $1150 or so
And keep growing after , unfortunately the fact recently it shows how the price could possible down deeper
Everyone worry about it no doubt, so panic selling will still happened.

There's absolutely no reason to think it was a correction. Since it is perfectly clear by now that the recent rally from 750 to 1,150 dollars was no more than a mighty pump followed by a severe dump. And just like the pump was very strong, we could just as well expect the dump to be no less stronger. It basically means that it is far from being done with. Markets always fool the majority of traders, be it sellers or buyers. Some may want to buy at current levels not expecting that the price might go lower, way lower at that, and they would end up stripped off of their money all over again...

This is not a Disney world, wtf

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January 16, 2017, 04:32:42 PM
#108

I think panic selling have passed couple days ago. Bitcoin seems going to rise and as I see it's price doesn't going under 800$ for some days. And I hope bitcoin will continue to add dollars to it's price day by day.

It was not panic selling, but more like a small correction due to profit booking. Many of those who purchased their coins for $250 per coin decided to sell a part of their holdings. That phase is over now.
They maybe got to the point of having their money on fiat currency so, I guess panic buying is not that appropriate if this is the reason.
But they just want to spend their money now.

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January 17, 2017, 03:00:37 AM
Last edit: January 17, 2017, 03:18:17 AM by Gatorelf
#109

Looking pretty stable now holding around $800 last few days. I think we will see an uptrend this week
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January 17, 2017, 07:58:33 AM
#110

Looking pretty stable now holding around $800 last few days. I think we will see an uptrend this week

Well cheers to that dude and to us hoping that the trend would go back tonhow it was when the year started. I really had high hopes for this first quarter though im still optimistic that btc can still make it beyond 1k until march hopefully

 
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Doms
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January 17, 2017, 08:04:51 AM
#111

Looking pretty stable now holding around $800 last few days. I think we will see an uptrend this week

Well cheers to that dude and to us hoping that the trend would go back tonhow it was when the year started. I really had high hopes for this first quarter though im still optimistic that btc can still make it beyond 1k until march hopefully
If anything, the moment to buy some more might be right now, while the price is still on recovery mode. But be wary that the price might go down further to test support, although the chance of that happening would still depend on any news coming out, especially those from China. Optimism is a good thing but we should always manage our expectations and act accordingly when necessary.
Gatorelf
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January 17, 2017, 10:35:57 AM
#112

Looking pretty stable now holding around $800 last few days. I think we will see an uptrend this week

Well cheers to that dude and to us hoping that the trend would go back tonhow it was when the year started. I really had high hopes for this first quarter though im still optimistic that btc can still make it beyond 1k until march hopefully
If anything, the moment to buy some more might be right now, while the price is still on recovery mode. But be wary that the price might go down further to test support, although the chance of that happening would still depend on any news coming out, especially those from China. Optimism is a good thing but we should always manage our expectations and act accordingly when necessary.

plus $50 overnight thats a good start Smiley
simpler2016
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January 17, 2017, 12:49:48 PM
#113

Looking pretty stable now holding around $800 last few days. I think we will see an uptrend this week

Well cheers to that dude and to us hoping that the trend would go back tonhow it was when the year started. I really had high hopes for this first quarter though im still optimistic that btc can still make it beyond 1k until march hopefully
If anything, the moment to buy some more might be right now, while the price is still on recovery mode. But be wary that the price might go down further to test support, although the chance of that happening would still depend on any news coming out, especially those from China. Optimism is a good thing but we should always manage our expectations and act accordingly when necessary.

plus $50 overnight thats a good start Smiley

This is a great start. I was surprised by this nice today. Price Bitcoin is restored. Who has not had time to buy Bitcoin few days ago, almost missed your chance.
stomachgrowls
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January 17, 2017, 01:01:27 PM
#114

Looking pretty stable now holding around $800 last few days. I think we will see an uptrend this week

Well cheers to that dude and to us hoping that the trend would go back tonhow it was when the year started. I really had high hopes for this first quarter though im still optimistic that btc can still make it beyond 1k until march hopefully
If anything, the moment to buy some more might be right now, while the price is still on recovery mode. But be wary that the price might go down further to test support, although the chance of that happening would still depend on any news coming out, especially those from China. Optimism is a good thing but we should always manage our expectations and act accordingly when necessary.

plus $50 overnight thats a good start Smiley

This is a great start. I was surprised by this nice today. Price Bitcoin is restored. Who has not had time to buy Bitcoin few days ago, almost missed your chance.
Same here i was surprise too because bitcoins price is gradually increasing again since from the price dip on previous week which is really considered is the best time to buy bitcoin on cheaper price and you are right some people did really miss the chance on gaining profit on that opportunity.


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Mastsetad
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January 17, 2017, 04:46:47 PM
#115

very significant, this looks like a coin embarrassing and newly launched in the market. with this incident, I will sell the entire bitcoin I had when reaching the highest price and the indicated will go down. but now is a good time to buy again.

What makes you think that bitcoin is like a newly launched coin just because it came down to $750 from $1100? We all knew that it can happen anytime, so we were almost ready for it, though we wanted it to keep going up as everyone wants that but it is the nature of bitcoin, it keeps fluctuating.