$1100 to $750 is significant

[Steven009]

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.

[1713595887]

1713595887

[pacifista]

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.

[deadsilent]

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.

[cpfreeplz]

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.

[Shiroslullaby]

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.

[marshallbro]

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.

[Mbah Slamet]

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.

[marcoman22]

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.

[Sithara007]

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.

[gabmen]

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.

[NUFCrichard]

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)

[eternalgloom]

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.

[lemipawa]

$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.

[pacifista]

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.

[lol3c]

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

[wxa7115]

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.

[Loganota]

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.

[Text]

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.

[X-ray]

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.

[buwaytress]

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!