Sub $1000, now what?

[amacar2]

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

Bitcoin will not die for sure, but there is possibility of split around the corner. Don't panic just hold your bitcoin tightly, personally i have diversified my crypto holding between ETH, XMR, DASH and BTC so haven't lost much in terms of fiat but i am also worried about how dip price can go on panic situation like this.

[rfisher1968]

In 2 days its down $300 usd and you think its a good time to buy. So far the bottom/support has not been reached, so buying now would be a bad move.

[memii]

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/

These are interesting facts about the current situation I am also quite sure there is nothing to worry about current price. Bitcoin will recover soon and this time will make more strong comeback.

[richardsNY]

In 2 days its down $300 usd and you think its a good time to buy. So far the bottom/support has not been reached, so buying now would be a bad move.

No. Buying should be done in low quantities as that would leave you with enough fiat in case the price happens to go down even more. I couldn't resist buying and managed to grab myself a whole Bitcoin at $970 which I am very pleased with. It might fall down even more, but I don't believe it will fall down all the way to test the $900 level. If it goes there anyway, then I'll probably buy again.

[boyshx]

I'm calling the bottom at 850.

[aardvark15]

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

Bitcoin isn't going to die. The price rose too high in a short period of time. This is just a correction and the ETF rejection could be a factor but it took a few days to drop. We will hit a bottom soon and price will gradually increase again but more slowly.

[btcmerich]

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.

Smart move, classic sell on top buy at the lows.  You will be rewarded . enjoy your profits

[Barbut]

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

Bitcoin isn't going to die. The price rose too high in a short period of time. This is just a correction and the ETF rejection could be a factor but it took a few days to drop. We will hit a bottom soon and price will gradually increase again but more slowly.

Many of us predicted this drop on 1000 dollars, nothing new about that. What is next is yet to be seen, I expect price to be here for some time maybe to get back on 1300 +, and I think only in October November we can see some bigger increase.
Dash raised a lot, but I read here on the forum that this rise is not sustainable, and there is talking about how this is not the end and there is talking about 1000 dollars for the next station. I don't know what to think about dash.

[Gufeng]

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

Bitcoin isn't going to die. The price rose too high in a short period of time. This is just a correction and the ETF rejection could be a factor but it took a few days to drop. We will hit a bottom soon and price will gradually increase again but more slowly.

Even $1000 is a good price to holding instead of reaching to extreme level and if there is a major pump in the price then it will surely follow by major dump which could be an risky affair so its better to move on slowly and steadily to a descent level.

[travwill]

Volume is way up and its trying to hold around $1000.  Will be interesting next few days at high volume but eventually has to die down...  Promising at least for now that it will remain above $900 maybe.

[Vaccinus]

In 2 days its down $300 usd and you think its a good time to buy. So far the bottom/support has not been reached, so buying now would be a bad move.

that is not happening man, no way it can go that low, miners would have no profit, the whole network would die off, and BU would die too, lower support is without a dub around $600-$700 which is still good for bitcoin, because the last value was unstable we all known that they just found an excuse to dump like they do all the times lol

[lumeire]

A bear market was already expected, it's just now a matter of how deep this would go and how far the market can recover again afterwards. We've been here before, it's all the same.

[boyshx]

Is this at 800$ yet

[pumz]

Is this at 800$ yet

If you are interested to make some profit than buy at this range of $1000. Easily will make +$200 in less than a week.

[aardvark15]

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

Bitcoin isn't going to die. The price rose too high in a short period of time. This is just a correction and the ETF rejection could be a factor but it took a few days to drop. We will hit a bottom soon and price will gradually increase again but more slowly.

Even $1000 is a good price to holding instead of reaching to extreme level and if there is a major pump in the price then it will surely follow by major dump which could be an risky affair so its better to move on slowly and steadily to a descent level.

I started buying a little when the price dropped below $950.  I think that is a good price to some cheap Bitcoins. The price could go back down below $950 again, so there are opportunities to buy some relatively cheaply.