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Author Topic: Bitcoin is Falling...Is it Panic Time?  (Read 30461 times)
hahay
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June 17, 2017, 11:53:15 PM
 #101

For me, Im still HODL my bitcoin even I bought it at expensive rate I would still HODL. I dont panic because I believe I can earn profit in the coming months and years. HODL is my choice.!

Same thing with me this is the best thing we can do about our bitcoin, to hold it for long period of time because i believe in the future of bitcoin even if the price of it fell down sometimes i know it will bounce back higher and create new ath.
Good, the decline in bitcoin prices is not something that should make us panic. Preferably, when the bitcoin price is falling it's the right time to buy it and hold it to prepare the big profits you will get in the future. Good luck!

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June 18, 2017, 01:24:37 AM
 #102

According to my friend preev.com, as of press time, the value of Bitcoin is standing at $2,351. Though I would say that this still considered as a feat, some are worried because it almost reached $2,800 again after the correction that happened days ago.

I have read that the decline can partly be contributed to newcomers especially neophyte traders who still have to be well-versed on the market...and can easily be ignited to do panic selling once they can fell that anything can be wrong.

Against this backdrop...are you holding on to your Bitcoin or transferring it into another digital currency?
Of course I will not panic with the declining market price I will stick to bitcoin because bitcoin has a good future.
Only the panic that makes the price of coins can decline so they always rush to sell their coins because with the decline in market prices so great.

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June 18, 2017, 01:39:40 AM
 #103

Panic time? I don't think we need to panic. The price rise and fall, that's normal, isn't it? It doesn't mean that if the price fell today, it won't rise anymore. Panic will just lead to losses imo that's why I don't have plans of selling my BTC nor exchange it to other coins.

The price is actually slowly creeping back up to where it was. Now the price is at 2500+ again. You are right, panic will just lead to loses. I think those who panicked came back to their senses and now buying back.

That sounds right especially when the price seems to be recovering so quickly, however this does not mean that someone should trust that situation for just that, I say it's just to avoid surprises of some kind.

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June 18, 2017, 02:01:20 AM
 #104

Don't panic just let the others panic in the market so we can have opportunity to buy a lot of cheap bitcoins in the market because the only thing that makes them panic is lack of knowledge and if you know that you have a lot of that then don't worry for the dumping situation the right mindset for that falling scenario of bitcoin is just to buy at dips and continue holding.

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June 18, 2017, 02:15:47 AM
 #105

That's the whole point of these large -ve changes in crypto, to shake off qeak hands and to get those bitcoins from them for leverage and more profit. If you have been in bitcoins for a long time, you will notice that the patterns are always like this: big price dump followed by a surging rally.

Now at $2560. Last dump lasted for a week.

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June 18, 2017, 02:55:47 AM
 #106

That's the whole point of these large -ve changes in crypto, to shake off qeak hands and to get those bitcoins from them for leverage and more profit. If you have been in bitcoins for a long time, you will notice that the patterns are always like this: big price dump followed by a surging rally.

Now at $2560. Last dump lasted for a week.

IMO the bear market is probably going to last another week or two before the price stabilizes. Right now though it seems like the price is going back up again which is really quite strange. Maybe the floor is just set in stone at around $2500 and if it ever touches $2500 it'll just rebound back up again. But I think what is likely to happen is bitcoin is going to go down to $2.2k as the lowest in the next few weeks before rebounding.

No need to panic at all, because if it ever does crash down to $2k it'll rebound up instantaneously for sure. So you've got quite a nice investment opportunity here actually, being able to buy at the low and wait for additional pumps.


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June 18, 2017, 03:44:48 AM
 #107

Don't panic just let the others panic in the market so we can have opportunity to buy a lot of cheap bitcoins in the market because the only thing that makes them panic is lack of knowledge and if you know that you have a lot of that then don't worry for the dumping situation the right mindset for that falling scenario of bitcoin is just to buy at dips and continue holding.

It's not a good idea to buy right now, because bitcoin has just risen from the low of this month of around $2300.

Currently is sitting at $2550. Now that's a half decent price, i think that the normal price level for bitcoin right now is probbaly $2500. When we couldn't break that $3000 barrier a lot of people panicked, causing the dump in price. And rightly so, because bitcoin at $2900 was bound to collapse some day.

What i foresee happening though is that bitcoin is probably going to overadjust further before going up in value again. This always happens when a price correction is coming in. When that happens, load up in cheap coins. But yes - why panic?














 

 

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June 18, 2017, 03:51:29 AM
 #108

I am holding into my bitcoins.  I will still keep them because I believe that its price will still goes up.  It is only your friend's prediction and it not happened right now.  Though I panicked last week upon seeing bitcoin price dropped but still I hold into it.  And yes, slowly it goes up again.

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June 18, 2017, 06:28:48 AM
 #109

According to my friend preev.com, as of press time, the value of Bitcoin is standing at $2,351. Though I would say that this still considered as a feat, some are worried because it almost reached $2,800 again after the correction that happened days ago.

I have read that the decline can partly be contributed to newcomers especially neophyte traders who still have to be well-versed on the market...and can easily be ignited to do panic selling once they can fell that anything can be wrong.

Against this backdrop...are you holding on to your Bitcoin or transferring it into another digital currency?
Just holding my bitcoins and even trying to buy some more bitcoins as i have already seen such price drops and sudden recovery from price drops earlier.I know the potential of bitcoin and it is only new investors who get panic and sell their holdings immediately.
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June 18, 2017, 07:05:43 AM
 #110

Yeah it is pretty sure that any time soon Bitcoin's value it is gonna drop . Like it has happened several times in the past . Bit why panic ? The price is going to be high again and even higher than now . No panic at all guys
Everything is possible to happen and I think this year theorice will increase more so we dont panic . Yah, bitcoin anytime possible to drop but I hope it will not happen in this year or in the next few years. But no one knows what  is the future of bitcoin but I hope the future is good to us. Better to buy bitcoin now and hold it for few years to make a lot of profit after few months.

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June 18, 2017, 07:08:20 AM
 #111

no its not actually it is the best time to buy some bitcoins, because bitcoin will rise up to 3000$ this year for sure, many of the traders wait a long time for this scenario that the bitcoin will decrease its price, because after the price go down it usually increase up to 200% for sure.
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June 18, 2017, 07:35:08 AM
 #112

No,as I always say it's not a big deal because if bitcoin is falling, it's a great time to purchased other people who wants to have an account here in bitcoin. There's nothing to be panic or what. It's a usual thing for me. It's not that big problem if I encounter that falling of bitcoin. It's a great deal

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June 18, 2017, 07:37:09 AM
 #113

According to my friend preev.com, as of press time, the value of Bitcoin is standing at $2,351. Though I would say that this still considered as a feat, some are worried because it almost reached $2,800 again after the correction that happened days ago.

I have read that the decline can partly be contributed to newcomers especially neophyte traders who still have to be well-versed on the market...and can easily be ignited to do panic selling once they can fell that anything can be wrong.

Against this backdrop...are you holding on to your Bitcoin or transferring it into another digital currency?
Bitcoin is just starting it's journey so don't panic sell no matter what dump that will happen bitcoin will pump again. Small dump is just normal so when you are going to panic sell you will just lose your money into it because I am sure that bitcoin will pump again just like what happen now. bitcoin is in the 2,600$ again. after the dump.


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June 18, 2017, 07:43:17 AM
 #114

Against this backdrop...are you holding on to your Bitcoin or transferring it into another digital currency?

Historically speaking, alt coins have not been a good hedge against Bitcoin decline. This may have changed though, at least with some of the newer generation of alts.

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June 18, 2017, 07:50:07 AM
 #115

Bitcoin is recovering  ,no need to get panic.And besides you cant call it panic if bitcoins price is still at 2000$ . I will only say its a panic time once bitcoins price goes down at 3 digits

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June 18, 2017, 08:20:07 AM
 #116

For me, Im still HODL my bitcoin even I bought it at expensive rate I would still HODL. I dont panic because I believe I can earn profit in the coming months and years. HODL is my choice.!

Same thing with me this is the best thing we can do about our bitcoin, to hold it for long period of time because i believe in the future of bitcoin even if the price of it fell down sometimes i know it will bounce back higher and create new ath.
Good, the decline in bitcoin prices is not something that should make us panic. Preferably, when the bitcoin price is falling it's the right time to buy it and hold it to prepare the big profits you will get in the future. Good luck!

This seems to be the general feeling for Bitcoin whenever there is a decrease or even a fall of price. In fact, there are those who are really rejoicing so they can get hold of Bitcoin at a lower price in the hope that Bitcoin can later on make a good comeback and which can happen really anytime.

For a trader's mindset, this can be an ideal way to make some money. When it is low it is time to buy and when it is high it is time to sell. Most of those who might panic are really neophytes who do not understand the history of Bitcoin and can be expecting that in the real world it is all up.

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June 18, 2017, 08:26:15 AM
 #117

That's the whole point of these large -ve changes in crypto, to shake off qeak hands and to get those bitcoins from them for leverage and more profit. If you have been in bitcoins for a long time, you will notice that the patterns are always like this: big price dump followed by a surging rally.

Now at $2560. Last dump lasted for a week.

IMO the bear market is probably going to last another week or two before the price stabilizes. Right now though it seems like the price is going back up again which is really quite strange. Maybe the floor is just set in stone at around $2500 and if it ever touches $2500 it'll just rebound back up again. But I think what is likely to happen is bitcoin is going to go down to $2.2k as the lowest in the next few weeks before rebounding

Why is it really strange?

Or do you really think that "you know better" (how markets and prices should behave)? if so, you are in for a surprise (basically, you are already there) and potentially for a big trouble ahead as well. As John Keynes once said, markets can stay irrational longer than you can stay solvent. And it is in fact a big if whether it is markets which are irrational here or you who is delusional in your assumptions

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June 18, 2017, 08:37:03 AM
 #118

Well, if that happens, I advise not to panic. Panic just makes us take bad decisions. Well, maybe it's better to hold it because it's still very likely that bitcoin prices go up high. Well, that always happens every year.

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June 18, 2017, 08:46:47 AM
 #119

I think that the floor is definitely $2200-2300 right now. There is no way that bitcoin was going to go lower than that in the next month or so, or at least until the UASF. This means that it is quite a safe investment as anyone that is buying in now isn't going to experience losses that are larger than $200 or so. And if you just hold onto your coins there is a possibility that after the potential hard fork the price of the original bitcoin(say bitcoin unlimited + bitcoin core = original bitcoin) will actually go up. So easy profits either way

As they say, easy come easy go

Apart from that, claiming that "there is no way that bitcoin was going to go lower" (until the UASF clock strikes) is bordering either on insanity or delusion. The price may stay for quite some time in the range you mentioned (i.e. 2200-2300 dollars or so), and then all of a sudden crash a thousand dollars when insiders get some nasty info about the real state of affairs in Bitcoin and its future. Prices moving in a relatively narrow range (in Bitcoin terms, of course) may be lulling and dulling vigilance but they are in no way a guarantee of any future stability

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June 18, 2017, 08:54:02 AM
 #120

Well, if that happens, I advise not to panic. Panic just makes us take bad decisions. Well, maybe it's better to hold it because it's still very likely that bitcoin prices go up high. Well, that always happens every year.
I completely agree with you, Because if you follow the statistics of the bitcoin course a year ago, we will see a similar trend for almost 2 consecutive years.

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