Sub $1000, now what?

[rfisher1968]

With altcoins on the rise like DASH, I'm extremely worried about bitcoin. If bitcoin dies then confidence in all crypto coins die.

[btcmerich]

With altcoins on the rise like DASH, I'm extremely worried about bitcoin. If bitcoin dies then confidence in all crypto coins die.

there will come a time when even bitcoin might die. But i highly doubt it will be any time soon.  Just do not panic and sit on your BTC. is just NOOBs buying fud and panic selling.

[ajeef]

With altcoins on the rise like DASH, I'm extremely worried about bitcoin. If bitcoin dies then confidence in all crypto coins die.

Are you kidding me? If price of bitcoin goes down that doesn't mean that it will die or disappear in coming days no doubt the price fluctuation is too high at a moment and even if it goes down it will surely recover in coming days so I don't think there is anything to worry.

[pawel7777]

With altcoins on the rise like DASH, I'm extremely worried about bitcoin. If bitcoin dies then confidence in all crypto coins die.

there will come a time when even bitcoin might die. But i highly doubt it will be any time soon.  Just do not panic and sit on your BTC. is just NOOBs buying fud and panic selling.

Noobs? Why wouldn't you temporarily swap depreciating asset for appreciating one? After the bottom is reached, you swap back and have more bitcoins.

[btcmerich]

With altcoins on the rise like DASH, I'm extremely worried about bitcoin. If bitcoin dies then confidence in all crypto coins die.

there will come a time when even bitcoin might die. But i highly doubt it will be any time soon.  Just do not panic and sit on your BTC. is just NOOBs buying fud and panic selling.

Noobs? Why wouldn't you temporarily swap depreciating asset for appreciating one? After the bottom is reached, you swap back and have more bitcoins.

Hold your horses Cowboy. Yes noobs as in people that do not understand what bitcoin has done and how it has survived in the last 10 something years and noobs that sell bitcoin to fiat just because btc loses 10% .  did i say something about traders swapping btc to altcoins and back?

[rfisher1968]

If the price goes really low($200usd) then confidence in all crypto coins will be low. It will be a lose lose situation.

With altcoins on the rise like DASH, I'm extremely worried about bitcoin. If bitcoin dies then confidence in all crypto coins die.

Are you kidding me? If price of bitcoin goes down that doesn't mean that it will die or disappear in coming days no doubt the price fluctuation is too high at a moment and even if it goes down it will surely recover in coming days so I don't think there is anything to worry.

[bitjoin]

With altcoins on the rise like DASH, I'm extremely worried about bitcoin. If bitcoin dies then confidence in all crypto coins die.

Well you said it, we need bitcoin for anything to survive. Death of bitcoin and 50% of people would walk from crypto. Im thinking this is just like any other down move from the past.

[rfisher1968]

I really think real CALLs and PUTs would help the price. I personally have the gold ETF NUGT and buy and sell calls all the time. Like when bitcoin was $1250 I would have bought a PUT to protect on the downside. But right now I would buy a CALL hoping the downtrend is short term.

[dihari]

Down to $1000 is doesn't mean bitcoin will end shortly. It is the real default character of bitcoin called extreme fluctuations, that's cause bitcoin is good to trade. And this is for your information, bitcoin has died 125 times spread on 8 years since 2010 until 2017
Take a look on this stats https://99bitcoins.com/obituary-stats/

[r32godzilla]

The best thing to do now is to sit quite and hold your coins and have a close watch on the price movement and if you have excess cash then you can buy some coins now as this is a great price to buy bitcoins and sell them once it gets higher in coming days.

[tntdgcr]

The best thing to do now is to sit quite and hold your coins and have a close watch on the price movement and if you have excess cash then you can buy some coins now as this is a great price to buy bitcoins and sell them once it gets higher in coming days.

buy buy buy ... any time it touches 900-950 , buy buy buy

[FandangledGizmo]

If you think the people supporting BU will see sense then you should buy if you think they will push ahead, shorting is probably better.

[cracxme]

900$ is good time to buy, expecting more drops   Cheap coins everywhere. It will recover soon, pump and dump happened 100's times for btc .

[Iranus]

With altcoins on the rise like DASH, I'm extremely worried about bitcoin. If bitcoin dies then confidence in all crypto coins die.

there will come a time when even bitcoin might die. But i highly doubt it will be any time soon.  Just do not panic and sit on your BTC. is just NOOBs buying fud and panic selling.

Noobs? Why wouldn't you temporarily swap depreciating asset for appreciating one? After the bottom is reached, you swap back and have more bitcoins.

But you don't know when DASH will reach its peak or when Bitcoin will reach its bottom.  I would even argue that DASH has already reached its peak of around $100 and is not being pumped so much anymore.  I think that the pumpers who have made it this high are trying to simulate a real rise by holding it up long enough for it to actually receive market adoption, but it's very unlikely to happen.

Bitcoin won't be on its way down for a long time, so why panic sell when it's at a comparatively low point?  The best place to sell Bitcoin was a couple of weeks ago and if I had owned more Bitcoin I would have done that anyway.

Regardless, people are talking about DASH as if it's on its way to Bitcoin but its market cap is many, many times lower than that of Bitcoin.  A huge amount of the problem is just that its supply is less than half that of Bitcoin which creates the illusion that its price is high when its actual market cap is still very low.

Ethereum is doing a LOT better than DASH and it will still never reach the same levels that Bitcoin is already at.

[Mikez]

900$ is good time to buy, expecting more drops   Cheap coins everywhere. It will recover soon, pump and dump happened 100's times for btc .

Yeah even the current price is good to buy bitcoins as price will recover very soon so there is nothing to worry and if you miss to buy right now then you will also miss an opportunity of making quick profits.

[BitHodler]

Ok, I used this as an opportunity to buy back some coins I sold at +$1200 prices. I personally didn't expect the price to head down towards sub $1000 prices, but today it was more than obvious that it would happen.

Those that have been waiting for sub $1000 prices should start buying right now, but I am fairly sure that they lack the courage to actually do so. Not everyone can handle a market that is getting dumped down.

[maku]

With altcoins on the rise like DASH, I'm extremely worried about bitcoin. If bitcoin dies then confidence in all crypto coins die.

It is not about altcoins at all.

It is all because people are starting to panic because we have unsolved scaling problem and there is possible danger of hostile hard fork by Jihan Wu.
I expect that we will see even lower price soon. Just because of the domino effect caused by fear of uncertainty of current bitcoin situation.

[joshy23]

I guess its time to hold on your bitcoins and buy some. FUD all over the place and a lot have been panicking. Its getting worst by the day so all we have just to stick to it because the price is not going to go back to >$1000. It was quite a surprise actually, but I guess they are dumping bitcoin really hard right now I don't know the reason but its kind of disappointing actually. I hope it will pick up price and rise up a little in a few weeks or months.

[roland808]

Great day to be buying.  

[Chris!]

People saying that it's because there's a sell off to buy altcoins, you do realize that the amount bitcoins have dropped is far more than those altcoins are worth in total right? This is just normal fluctuation. The price was a bit inflated and it's settling back down to where the real value is. I just hope we're not in a bear market now.