No need to panic guys! Here's why...

[fikihafana]

I really agree with your title "No need to panic guys", in this case we can have more chance to make a profit

[EXtremeAEX]

Looks like Bitcoin is going for a turn now, rising up and you are right. And I hope so too! I really want to see Bitcoin break the $3000 mark, and I bet that will generate quite some news and boost BTC's popularity.

I actually panicked a bit when it steadily dropped for the past few days, still need to get used to these ups and downs.

[DaftAjax]

There will be two options, and in each options there will be pros and cons:

If the value of Bitcoin decrease,
pros: People will take advantage of this and eventually buy Bitcoin and store it for future use.
cons: The Bitcoin price will go up sky high, because many people are buying bitcoin (Economy, high demand = high price).

If the value of Bitcoin increase,
pros: People will take advantage of this and convert their Bitcoin to Fiat or maybe hold some of it and save for later.
cons: The Bitcoin price will go down, because of lower demand for bitcoin (Economy, lower demand = lower price).

[Reid]

That is very optimistic of you and that is good.
But we dont think the same here. Some may lose their faith with bitcoin and panic after that event of going down happens.
Yes, a lot of us had already earned something which is saved if that case happen so we can buy back.
But what about those who just started? They have used a lot of money with the expensive price of bitcoin and will just end up like that? That will be chaos for them. We should think about those people too, not just for our own selfish reasons.

[DaftAjax]

That is very optimistic of you and that is good.
But we dont think the same here. Some may lose their faith with bitcoin and panic after that event of going down happens.
Yes, a lot of us had already earned something which is saved if that case happen so we can buy back.
But what about those who just started? They have used a lot of money with the expensive price of bitcoin and will just end up like that? That will be chaos for them. We should think about those people too, not just for our own selfish reasons.

Yeah, I forgot about that, based on what you've said these people who're new to Bitcoin or just got started to buy Bitcoin (when they have come to realize that Bitcoin is relevant) and then suddenly it dropped, yes it will be chaos, realizing and knowing that it will now be a lose lose situation for them, when it just happen, that Bitcoin might be a life changing chance.

[hahay]

That is very optimistic of you and that is good.
But we dont think the same here. Some may lose their faith with bitcoin and panic after that event of going down happens.
Yes, a lot of us had already earned something which is saved if that case happen so we can buy back.
But what about those who just started? They have used a lot of money with the expensive price of bitcoin and will just end up like that? That will be chaos for them. We should think about those people too, not just for our own selfish reasons.

Yeah, I forgot about that, based on what you've said these people who're new to Bitcoin or just got started to buy Bitcoin (when they have come to realize that Bitcoin is relevant) and then suddenly it dropped, yes it will be chaos, realizing and knowing that it will now be a lose lose situation for them, when it just happen, that Bitcoin might be a life changing chance.

I never thought that bitcoin would lose the trust of those who just started here and if they panicked and sold it now, I think it's a natural thing to happen. Besides, the decline in bitcoin prices now is not a big problem because bitcoin values can still survive at $2000 and this is not a bad thing.

[Tamilson]

If you look carefully at it no matters what happens you can win back your investments of bitcoins

Yeah you can win back your investment but not too quick. It takes years to make it profitable. The pumps and dumps of bitcoin today means a good and healthy economy. When we experience downfall expect the increase in a few months. No need to panic though. Keep calm and trust bitcoin.

[skorupi17]

If BTC price goes down we can get more coins! Come on baby make it $500 I won't mind!

If BTC price goes up...   to the Moon of $100,000 we go! Be patient... your patience will be granted

You guys need to be more optimistic about Bitcoin in general..

Now that is a positive attitude toward Bitcoin.

The drop on Bitcoin's price is literally an opportunity for some investors in order for them to buy in at a low price. Everyone that can afford to buy Bitcoin wishes to see a massive drop in order to get on board cheap.

The picture of $10,000 per Bitcoin is possible, however, the question is when exactly.

[jjacob]

If BTC price goes down we can get more coins! Come on baby make it $500 I won't mind!

If BTC price goes up...   to the Moon of $100,000 we go! Be patient... your patience will be granted

You guys need to be more optimistic about Bitcoin in general..

Now that is a positive attitude toward Bitcoin.

The drop on Bitcoin's price is literally an opportunity for some investors in order for them to buy in at a low price. Everyone that can afford to buy Bitcoin wishes to see a massive drop in order to get on board cheap.

The picture of $10,000 per Bitcoin is possible, however, the question is when exactly.

It is not a price where investors should rush in. Even after the correction, bitcoin is still worth more than what it was worth a month back.
That is the extent of Bitcoin's rise. 

[SvenBomvolen]

Buy on dump and sell on pump, always have half of your money in bitcoin/altcoin and remaining half in fiat so that you can buy cheap coins during blood bath like yesterday.  

The one who panic during such dump/correction will always loss.

Do you live by this rule yourself?
It's easy to give advices to other. But who knows when the price is going to pump?! I'm holding couple LTC and have a dilemma all this week - to sell or to wait some more? How do you guys feel when it's the time at all?

[sasaku bitbit]

In my opinion this recent drop has shaken out some weak hands. These weak hands will buy back later at a higher price lol

I'm just jealous of the people who didn't sell at the low price, but got out near or at the top. That's where the money lies and

As what you see Bitcoin has a good potential and good investment thats why many people are holding their Bitcoin for the future purpose, no need to worries or no need to panic selling if the price of bitcoin going down, love the dump because the next is surely are pump waiting (holding) is a good strategy always be positive in the end its a good profit to everyone.

I think the decline that occurred in the prices on unnecessary things bitcoin dikhawatir as this has become uncommon in the bitcoin so keep having bitcoin in the form of store or sell because it is necessary for the purpose of bitcoin future descendants, then from that increase your investments on a bitcoin because they are now price value is already on the rise again

[Mpamaegbu]

We can only stop panicking or worrying if we know what the future holds. Since we don't know, we will always panic. Of course Bitcoin seeing a dip to $500 will mean its end. It's not going to worth anything at that price anymore and its fluidity and price fluctuation will all be gone. So, it won't mean anything hoarding it. It will become a shitty coin then. Though I know OP merely joked about that. And at $100,000? Nah! I don't see Bitcoin ever getting to that price.

[olushakes]

If BTC price goes down we can get more coins! Come on baby make it $500 I won't mind!

If BTC price goes up...   to the Moon of $100,000 we go! Be patient... your patience will be granted

You guys need to be more optimistic about Bitcoin in general..

 I just wished this is really how things worked, then everyone will be rich now. You didn't even consider the fact that price going down might take not months but years to go that high and how many people would wait till that point. It took 9 years to get to this point imagine what it will take to come back up.

[el kaka22]

If BTC price goes down we can get more coins! Come on baby make it $500 I won't mind!

If BTC price goes up...   to the Moon of $100,000 we go! Be patient... your patience will be granted

You guys need to be more optimistic about Bitcoin in general..

Between $500 and $100,000 there is some levels namely stable around $2500 and I am believing this what right now happening with bitcoin prices. I do not expect prices to fall below $1800 as strong support zones are falling around there and only if those levels breaks, we may see another heavy dumps.

[Baofeng]

If BTC price goes down we can get more coins! Come on baby make it $500 I won't mind!

If BTC price goes up...   to the Moon of $100,000 we go! Be patient... your patience will be granted

You guys need to be more optimistic about Bitcoin in general..

Between $500 and $100,000 there is some levels namely stable around $2500 and I am believing this what right now happening with bitcoin prices. I do not expect prices to fall below $1800 as strong support zones are falling around there and only if those levels breaks, we may see another heavy dumps.

It is holding at a price of 2500$. I think the price is still high considering the dumping that has happened yesterday. I thought that the dumping will continue, but I'm happy it was short lived again. We may experienced a slow phase again, then before building to the 3000$ that we all been waiting for. So keep holding on your bitcoin people.

[angaper]

I have always thought that the wonderful thing about bitcoin is the innovative technology behind the blockchain that is revolutionizing the world in many ways, and the price it can attain in terms of its usefulness as a currency goes to a second term. Of course, most speculators do not think so, for they do not care to buy or sell bitcoins, dollars or oil.

In any case, I will continue to accumulate my bitcoins because I believe in its potential and I am convinced that it will remain very useful, even in the case its value return to $100 or rises to $100,000.

[Febo]

i will be very happy if bitcoin back to $500 then i could buy 5 btc

Only if you sell your BTC now.
But you will not sell it because you are afraid its price will go to $12000 and you would be able to buy back only 0.2 BTC.

[Kyraishi]

If BTC price goes down we can get more coins! Come on baby make it $500 I won't mind!

If BTC price goes up...   to the Moon of $100,000 we go! Be patient... your patience will be granted

You guys need to be more optimistic about Bitcoin in general..

Your optimism is appreciated but it doesn't really work like that.

Bitcoin won't go back to $500, i swear. Unless something really bad happens to the network such as a hard fork not gone right. Although it is tempting to think that it's either going to be low price or extremely high price and either of these situations will be beneficial for you, it's probably not going to work out well if you just you're just blindly over-optimistic about bitcoin. Especially if you are trading short term, on margin. You'll probbaly go broke as market does not always follow the logical decision but rather over correct itself first.


However, bitcoin is going up in the long run. I think we all agree on that. So instead of focusing on selling at the high now, why not save yourself the trouble and the frustration when you sell too low or buy too high and just hold onto your existing coins and buy steadily on a daily basis?

[FlightyPouch]

i will be very happy if bitcoin back to $500 then i could buy 5 btc

Only if you sell your BTC now.
But you will not sell it because you are afraid its price will go to $12000 and you would be able to buy back only 0.2 BTC.

I don't get what your talking about but I know that this will never happened, not again. With bitcoin's price this high almost 80% dump will not happen, there is so many users and investors that are making the price pump, I think after these network splitting, it will break the $3000 wall going up to $4000 price.

[Clement Kaliyar]

You guys need to be more optimistic about Bitcoin in general..

Being optimistic about the future of bitcoin is well and good,but we have to take in consideration about the direction where this technology is taking us,we have a serious scaling issue,no one can hide that,we have unlimited debate regarding what upgrade is best for bitcoin and if everything falls correctly then we are having a great product,if not you might need to think twice about it.