The rush to sell is real

[Cashew]

Nope.  Bitcoin market share in crypto is at all time low and bitcoin has, for the first time in its history, serious TECHNICAL problems, in the sense that it is full, and that the only outlook is a split in two coins, or status quo (most probable).  This has never been the case before.

http://coinmarketcap.com/charts/#btc-percentage

That's true, maybe this is shaping the biggest downfall of bitcoin ever, what do you recommend?

This is nothing to be worried about. This is just the effect of a combinated pump on all the markets so that whales can make money in Bitcoin (again this proves that this is the king currency as everytime someone makes money on an exchange it cash outs the profits in Bitcoin).

Difficult to think of the lowest market cap as nothing, without it high predominancy over other coins, what is bitcoin? I mean... compared to new coins with new funcionalities it hasn't much to offer besides it's high volume.

So... I'm pretty hopeful that BTC will recover from this drawback, but the future of BTC isn't looking too bright right now.

Thinking like this is getting away from Bitcoin fundamentals. What make it stand above the mass is the strong consensus there is behind it, while altcoins gather only a part of the consensus. Bitcoin future has no reason to be sad, absolutely none. Just tell you that the price fall is due to people wanting to invest in altcoin to hope for a profit, and that will end up fooled. There is no reason to panic !

[1715434254]

1715434254

[1715434254]

1715434254

[1715434254]

1715434254

[1715434254]

1715434254

[1715434254]

1715434254

[Seansky]

I can also feel the dump right now since it dropped so big for me to not watch and tune in on it. Right now it is has a bull market going up a little then down. This is good for those who wanna invest though since it is I think a time to buy because there is a possibility that it will go up again in price but there's also the possibility of it going back to the 800$ price ranges. Well let's see and wait what will happen before making final judgement.

[Yuuto]

Title.

Never sell low philosophy is killing me.
Are you guys also getting crazy?

(About BTC dive)

Never sell low is obvious, but how low is the question of the ages

in my opinion if you can't take the risk then you should always go to diversification of your portfolio. Say keep one fifth of your savings in bitcoin, another fifth in fiat currency, a fifth in precious metals, a fifth in several altcoins and a fifth in real estate.

That way, even if two of these fifths depreciate in value, you still have 3/5 of your portfolio left, and these 3/5 will probably rise in value as a result of money moving out of the other investments.

Personally I'm long with bitcoin long term so i'm not selling right now even though there are a lot of people panicking.

I believe looking back 10 years from now these who sold early will be laughed at Just joking, i respect whatever decision people make.

[n691309]

Title.

Never sell low philosophy is killing me.
Are you guys also getting crazy?

(About BTC dive)

Within few days bitcoin price dropped too much, that's around $250 which for people holding plenty of bitcoins is really a huge loss comparing with the top price past week. I think that there are many people that are rushing to sell their bitcoins because the price will not be the same again for many weeks or more than a month, I hope that in the Q2 the price will be back at its top and see bitcoin shining.

[Golftech]

Title.

Never sell low philosophy is killing me.
Are you guys also getting crazy?

(About BTC dive)

Within few days bitcoin price dropped too much, that's around $250 which for people holding plenty of bitcoins is really a huge loss comparing with the top price past week. I think that there are many people that are rushing to sell their bitcoins because the price will not be the same again for many weeks or more than a month, I hope that in the Q2 the price will be back at its top and see bitcoin shining.

Well if you are not rushing you can wait for the rebound i know its the big holders whos swinging the price and nothing was new with this concept as bitcoin fluctuation really happen all around those who have strong nerves and beleives will profits in the long run.

[lumeire]

That was expected, these are the guys who bought at over $1000 and hence, don't want their stash to get devalued.

[OROBTC]

...

Well, someone today BTFD!  I saw BTC as low as $940 (ounce.me), and we are now back over $1000.  For now anyway.

I don't like making predictions, as I am almost always wrong (somebody could make some coin taking the other side of any suggestions I would make).

But it looks like just another SNAFU: "Situation Normal, All.........." 

At least it's not FUBAR.

[The Sceptical Chymist]

I haven't sold any bitcoin lately, HOWEVER I did spend some recently--right before this little crash we're having, as it turns out.  Couldn't have gotten any luckier, I must say.

Paycheck comes next week, and then I may partake in some buying.  Can't beat these prices.

[Mometaskers]

I'm still quite noob when it come to the technical part of bitcoin. So, though I'd say I'll just hodl all the way, it does worry me that this will cause problems for bitcoin.

I'd probably still play it safe though. Just keep them all in, let the people sell all they want. Bitcoin probably wouldn't crash down to $500 in just one month.

I think all of us were noob's when it came to the technical parts of Bitcoin at one point. So, I wouldn't worry about that. $500 in one month is probably not going to happen.

I sure hope so. I mean, would be a shame if it crashed like that. I've just been on this like just 3 months ago! The only thing that I understood with the forking is that this BU thingie could end up as a separate alt from BTC. If it'll go that way I'm expecting BTC price to drop as some migrate to BU or other alts. Again, hopefully whatever decline would be gradual to allow us time to sell off if needed.

[aso118]

I haven't sold any bitcoin lately, HOWEVER I did spend some recently--right before this little crash we're having, as it turns out.  Couldn't have gotten any luckier, I must say.

Paycheck comes next week, and then I may partake in some buying.  Can't beat these prices.

Yes, it looks unlikely that the price will rebound quickly before next week. The cloud about the possible bItcoin fork will ensure that the price will remain depressed a bit longer. For long time investors, wonderful buying opportunity. 

[n691309]

Title.

Never sell low philosophy is killing me.
Are you guys also getting crazy?

(About BTC dive)

Within few days bitcoin price dropped too much, that's around $250 which for people holding plenty of bitcoins is really a huge loss comparing with the top price past week. I think that there are many people that are rushing to sell their bitcoins because the price will not be the same again for many weeks or more than a month, I hope that in the Q2 the price will be back at its top and see bitcoin shining.

Well if you are not rushing you can wait for the rebound i know its the big holders whos swinging the price and nothing was new with this concept as bitcoin fluctuation really happen all around those who have strong nerves and beleives will profits in the long run.

No, I don't have any reason to sell now, and I have been hold bitcoins for years now and I haven't sold for a long time now, we know that bitcoin price is unstable and it can crash any time when we don't expect it but this time it has touched my feeling because a drop of $300+ is really to much not for me but for most of bitcoin holders.

[Kemarit]

@n691309 Nice to hear that you are not selling now, but the problem with others is that they panic after reading a lot of crap in the internet without looking at the current issue and jump into conclusion. So panic sell all over. This is blowing out of significant level, that others jump off the board before bitcoin price dip more. to at least recover their investment. I'm sure that bitcoin will recover and survived this heck even rise to $120-$1300 in a few months or at end of the year.

[qiwoman]

@n691309 Nice to hear that you are not selling now, but the problem with others is that they panic after reading a lot of crap in the internet without looking at the current issue and jump into conclusion. So panic sell all over. This is blowing out of significant level, that others jump off the board before bitcoin price dip more. to at least recover their investment. I'm sure that bitcoin will recover and survived this heck even rise to $120-$1300 in a few months or at end of the year.

Yes you are right there are some people who create panic with little knowledge and this leads other users as well to get panicked and panic sell is what's going on from last 2 days and today i have seen some people who transferred their funds to ETH are coming back to bitcoin,

[AngelSky]

I haven't sold any bitcoin lately, HOWEVER I did spend some recently--right before this little crash we're having, as it turns out.  Couldn't have gotten any luckier, I must say.

Paycheck comes next week, and then I may partake in some buying.  Can't beat these prices.

You have done a perfect thing buddy. Many of the people sold their bitcoins, however if we see the price today. Now its again back to the benchmark value 1050$. Again price start to marching upwards, therefore we can hold the btc and do the investment on it.

[Luno]

@n691309 Nice to hear that you are not selling now, but the problem with others is that they panic after reading a lot of crap in the internet without looking at the current issue and jump into conclusion. So panic sell all over. This is blowing out of significant level, that others jump off the board before bitcoin price dip more. to at least recover their investment. I'm sure that bitcoin will recover and survived this heck even rise to $120-$1300 in a few months or at end of the year.

Yes you are right there are some people who create panic with little knowledge and this leads other users as well to get panicked and panic sell is what's going on from last 2 days and today i have seen some people who transferred their funds to ETH are coming back to bitcoin,

Yeah, as we already knew people gets panic and are impatient, so they get afraid and sell the btc before it falls to lower level. my advice to the people it is just a business we have to bear pain as well. wait for some time let the situation get normal and then plan to sell. if still you are worried and you feel that you are getting profit by selling then don't sell everything just small part of it. 

[batang_bitcoin]

I haven't sold any bitcoin lately, HOWEVER I did spend some recently--right before this little crash we're having, as it turns out.  Couldn't have gotten any luckier, I must say.

Paycheck comes next week, and then I may partake in some buying.  Can't beat these prices.

The same thing with me, I haven't sold some of it but the good thing that I've ever done is paying my bill when the price is still high, it comes out that I paid my bill at lower price. And I don't have plans on selling some of it until now or until I'm going to see the price to get back again on what it is used to be.

[n691309]

@n691309 Nice to hear that you are not selling now, but the problem with others is that they panic after reading a lot of crap in the internet without looking at the current issue and jump into conclusion. So panic sell all over. This is blowing out of significant level, that others jump off the board before bitcoin price dip more. to at least recover their investment. I'm sure that bitcoin will recover and survived this heck even rise to $120-$1300 in a few months or at end of the year.

There will be always some that will speculate a lot or troll in some cases but we should check by ourselves what is really happening the crypto world and see what other people think about the bitcoin moves and bitcoin investments from big investors and those that have big impacts to the bitcoin. I wouldn't say that the panic sell is over as there is still some room for panic, it will take few weeks until the price of bitcoin can be stabler but it can take longer, I'm more optimistic that the bitcoin price will be recover and be back to $1200-$1300 within few months and probably within the Q2.

[aardvark15]

What I've learned from trading for a few years is that after a spike in price, the price will go back down some. The price of Bitcoin went up too fast so there are people that will cash out so the price is almost always going to drop but it will recover.

[user27]

What I've learned from trading for a few years is that after a spike in price, the price will go back down some. The price of Bitcoin went up too fast so there are people that will cash out so the price is almost always going to drop but it will recover.

When there are price hikes, there will be low points.

That's true with any stocks or any assets, not just bitcoin.

So don't go "oh no, everything's failing now because the price is at below $1000 for 3 days", but rather look at the bigger picture here. Bitcoin hasn't ever stayed above $1000 as long as this time.

Think of the positives, and don't get dragged into the crowd. Go against the crowd sentiment.

[ImHash]

Unlike many wrong speculations as we can see now price is recovering again from $1000 yesterday up to $1093 today and hopefully will continue to increase back to $1200+ in no time. I'd never lose my faith on merely incorrect speculations.