$1100 to $750 is significant

[Nahl]

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

[1713995719]

1713995719

[1713995719]

1713995719

[traderethereum]

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.

[Decoded]

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.

[Gatorelf]

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.   

[manselr]

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.

[deisik]

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

[geopolisch]

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 didn’t take that opportunity have the chance to buy it at a lower prices.

[vantyzz]

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 didn’t 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.

[Bitcoinsummoner]

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 didn’t 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..

[Gatorelf]

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 didn’t 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. 

[deadpoolx]

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.

[RealBitcoin]

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.

[Pattart]

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

[alani123]

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.

[lionheart78]

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.

[blackmagician]

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.

[rizkyhiw]

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.

[Tanic]

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.

[pacifista]

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.

[Sithara007]

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.