deisik
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
January 16, 2017, 11:01:50 AM |
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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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Liang_Kubur
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
January 16, 2017, 11:13:08 AM |
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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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X-ray
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
January 16, 2017, 11:18:38 AM |
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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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Theb
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
January 16, 2017, 11:21:55 AM |
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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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waltonvani
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
January 16, 2017, 11:33:36 AM |
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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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xuan87
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January 16, 2017, 12:10:42 PM |
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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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deisik
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January 16, 2017, 12:27:15 PM |
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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 deepWe should stay at least in $850 after hitting the $1150 or so And keep growing after , unfortunately the fact recently it shows how the price could possible down deeper Everyone worry about it no doubt, so panic selling will still happened. There's absolutely no reason to think it was a correction. Since it is perfectly clear by now that the recent rally from 750 to 1,150 dollars was no more than a mighty pump followed by a severe dump. And just like the pump was very strong, we could just as well expect the dump to be no less stronger. It basically means that it is far from being done with. Markets always fool the majority of traders, be it sellers or buyers. Some may want to buy at current levels not expecting that the price might go lower, way lower at that, and they would end up stripped off of their money all over again... This is not a Disney world, wtf
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virasog
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January 16, 2017, 04:32:42 PM |
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I think panic selling have passed couple days ago. Bitcoin seems going to rise and as I see it's price doesn't going under 800$ 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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Gatorelf (OP)
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January 17, 2017, 03:00:37 AM Last edit: January 17, 2017, 03:18:17 AM by Gatorelf |
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Looking pretty stable now holding around $800 last few days. I think we will see an uptrend this week
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gabmen
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
January 17, 2017, 07:58:33 AM |
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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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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
January 17, 2017, 08:04:51 AM |
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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.
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Gatorelf (OP)
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
January 17, 2017, 10:35:57 AM |
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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](https://bitcointalk.org/Smileys/default/smiley.gif)
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simpler2016
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
January 17, 2017, 12:49:48 PM |
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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](https://bitcointalk.org/Smileys/default/smiley.gif) 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.
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stomachgrowls
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
January 17, 2017, 01:01:27 PM |
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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](https://bitcointalk.org/Smileys/default/smiley.gif) 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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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
January 17, 2017, 04:46:47 PM |
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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.
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uneng
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
January 17, 2017, 04:52:54 PM |
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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 $50 overnight thats a good start ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) This is a great start. I was surprised by this nice today. Price Bitcoin is restored. Who has not had time to buy Bitcoin few days ago, almost missed your chance. Same here i was surprise too because bitcoins price is gradually increasing again since from the price dip on previous week which is really considered is the best time to buy bitcoin on cheaper price and you are right some people did really miss the chance on gaining profit on that opportunity. Yes, almost 900$ again, bitcoin is rising! 6.64% flutuation on price in the last 24 hours, very good. I think the price won't fall anymore, time to buy bitcoins and wait to sell it high. I don't understand why this is happen, as I thought the price wouldn't increase now. But it's happening, I don't know why, but it's happening...
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Gatorelf (OP)
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January 17, 2017, 05:28:58 PM |
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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 $50 overnight thats a good start ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) This is a great start. I was surprised by this nice today. Price Bitcoin is restored. Who has not had time to buy Bitcoin few days ago, almost missed your chance. Same here i was surprise too because bitcoins price is gradually increasing again since from the price dip on previous week which is really considered is the best time to buy bitcoin on cheaper price and you are right some people did really miss the chance on gaining profit on that opportunity. Yes, almost 900$ again, bitcoin is rising! 6.64% flutuation on price in the last 24 hours, very good. I think the price won't fall anymore, time to buy bitcoins and wait to sell it high. I don't understand why this is happen, as I thought the price wouldn't increase now. But it's happening, I don't know why, but it's happening... Notice Gold had a large pop this morning too +20 , when the stock market is in the red gold tends to sneak up some but I think with all the weekend chat with Trump at world leaders and Large companies has investors on edge again looking for other places to invest
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deisik
Legendary
Offline
Activity: 3486
Merit: 1280
English ⬄ Russian Translation Services
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
January 17, 2017, 05:39:35 PM |
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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 $50 overnight thats a good start ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) This is a great start. I was surprised by this nice today. Price Bitcoin is restored. Who has not had time to buy Bitcoin few days ago, almost missed your chance. Same here i was surprise too because bitcoins price is gradually increasing again since from the price dip on previous week which is really considered is the best time to buy bitcoin on cheaper price and you are right some people did really miss the chance on gaining profit on that opportunity. Yes, almost 900$ again, bitcoin is rising! 6.64% flutuation on price in the last 24 hours, very good. I think the price won't fall anymore, time to buy bitcoins and wait to sell it high. I don't understand why this is happen, as I thought the price wouldn't increase now. But it's happening, I don't know why, but it's happening... It has been in the news recently Just a few days ago Trump said in his WSJ interview that the US dollar got "too strong", also noting that the Chinese Yuan was "dropping like a rock" and the US companies can’t compete with the Chinese ones on the basis of the US dollar being too expensive at the moment. So it seems that people are taking his words for real and pouring their money into Bitcoin expecting rapid depreciation of the dollar in the nearest future
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Gatorelf (OP)
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
January 17, 2017, 07:01:19 PM |
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just_Alice
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
January 17, 2017, 07:10:35 PM |
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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 $50 overnight thats a good start ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) This is a great start. I was surprised by this nice today. Price Bitcoin is restored. Who has not had time to buy Bitcoin few days ago, almost missed your chance. Same here i was surprise too because bitcoins price is gradually increasing again since from the price dip on previous week which is really considered is the best time to buy bitcoin on cheaper price and you are right some people did really miss the chance on gaining profit on that opportunity. Yes, almost 900$ again, bitcoin is rising! 6.64% flutuation on price in the last 24 hours, very good. I think the price won't fall anymore, time to buy bitcoins and wait to sell it high. I don't understand why this is happen, as I thought the price wouldn't increase now. But it's happening, I don't know why, but it's happening... It has been in the news recently Just a few days ago Trump said in his WSJ interview that the US dollar got "too strong", also noting that the Chinese Yuan was "dropping like a rock" and the US companies can’t compete with the Chinese ones on the basis of the US dollar being too expensive at the moment. So it seems that people are taking his words for real and pouring their money into Bitcoin expecting rapid depreciation of the dollar in the nearest future Great news. Let's hope more people will transfer their savings into Bitcoin. It's over $900 already, people are buying like crazy. Heard somewhere Trump will support Bitcoin and now it looks like it's happening in a way. ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
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