Bitcoin is Falling...Is it Panic Time?

[RavenHood]

In my opinion, Some of the users of the bitcoin is starting to panic because the value of the bitcoin is dropped to 17.48% vs. on the price of the bitcoin on the past day. Not only the bitcoin is falling but also the bitcoin cash drop 21.91% vs. previous day. The Ethreum even drop by a few percentages vs. past day  I Believe the drop of the value of the BTC, BTC Cash, ETC is temporary. To the people right there. This the best time to invest in Bitcoin and the others altcoin. Don't panic just set back and believe that the virtual currency will raise again and again.

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[ucingucingan]

I see in one of the local exchanges in my country, so the price decreases not only in bitcoin alone, but also experienced by most other altcoins so moving bitcoin into altcoin is not a pretty good option it will only push the bitcoin price even lower, think before you make a decision, remember the laws of demand and supply.

[Mhedz]

why need to be panic if there's an option to hold or buy at the dip? if you get panic,you might miss the profit bitcoin will give you when it rise again..Just a simple advise,dont put all your money into it so whatever happens,you will not cry at the end.

[Bitkoyns]

if you will be selling your bitcoin because you were in panic the result is that , you may loss because you acquire your bitcoin with good price and then you will sell because you are in panic to sell , and the one impact is that bitcoin price may continue to drop its price because not only you will sell , lets say others will do also so there is huge impact in the value of bitcoin.

[carlisle1]

As bitcoin and other crypto currencies is going down and bleeding, some are also spreading FUD that even made other weaklings to push the sell button even it means a losing move. Let them spread FUD and let bitcoin go down more because all i gonna do is HODL no matter what happens and i am going to buy some alternate coins with great potential.

got it right mate,sometimes this situation has being abused by those bully user to push the weak holders to sell all their token so those bullish capitalist will buy and gather the coins for long term set up.we must not panicked when rhe price drops because for sure they will rise again ang recover from the losses.

[ACVinegar]

I see in one of the local exchanges in my country, so the price decreases not only in bitcoin alone, but also experienced by most other altcoins so moving bitcoin into altcoin is not a pretty good option it will only push the bitcoin price even lower, think before you make a decision, remember the laws of demand and supply.

Everything constantly changes and so is the bitcoin. We always hear  that bitcoin is volatile and that is the reason for its rise and fall. This scenario of the up and down of bitcoin happens always and we always find bitcoin rise to its normal rate. It is okay to feel alarm when bitcoin dumps however, There is no need to panic at all and do all stuff like sell your coin. Bitcoin is a strong digital currency now all over the world.

[Greenkarki]

The question suits current situation though it was created early 2017. All altcoins are in red today with two degit percentage. What's really happening. It's because of South Korea's act against traders or exchanges? China has announced to ban traders after South Korea. Russia. Plans to implement mining and trading in a large scale. Something good.

[TyfrTR]

I believe that during the year of 2018, we'll see such fluctations for all type of cyrpto-currencies. Before lighting network update, I'm not expecting a huge pump for bitcoin price due to high transaction fees and slow transactions.

[Jose Mourinho]

The trend of the beginning of the year is like this, many people owe it to the banks and pay because they are celebrating the new year and christmas so they have to sell bitcoin, besides the biggest bitcoin users that china will celebrate the new year so it also makes bitcoin drop.

[Yarsk]

This question is very relevant in the point in time as bitcoin price is still dropping so fast, a lot of people will start panic selling of there bitcoin but that is not the best thing to do at this point because if you seel out of panic in other to cut loses you will later have to buy the same amount of bitcoin in a more expensive price the best thing to do is to hold the price will rise again.

[Feduk]

This is normal for the start of the year bitcoin to fall, just look at the previous year graph.
At the middle of the january there is a decline 2 years in row.

[dragoz11]

So many times during this kind of breakouts I transferred my funds into other alt coins but this time I will leave them into btc and wait for a rise.

[diwataluna]

What a red day! I just installed mobile app for price tracking and it increased my anxiety. At the end of the day, you have to look at the value BTC has. Banks have just started creating financial products for BTC. It's like stocks, and even Apple and Facebook had drops in price. Don't panic but also be strategic.

[somblennx]

No need to panic just because price correction that occurs in bitcoin, unless you are a speculator. In my opinion, bitcoin is longterm investment. I'm even optimistic bitcoin will actually touch $20k this year.

[crypt0heaven]

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?

don't panic... Panic is for noobs who let their emotions do the talking for them. Always think to the next halving in bitcoins case which is 2020, stop being short-sighted, it doesn't help.

[Crazygreek]

Panic is the biggest mistake of newbies nowdays because they trying to sell everything on first huge dump. At my opinion people who made long term investment should keep mind clear and just wait for a good opportunity.

[smusanne]

Panic is the biggest mistake of newbies nowdays because they trying to sell everything on first huge dump. At my opinion people who made long term investment should keep mind clear and just wait for a good opportunity.

I can't see why anyone would be selling right now, other than those who are in a state of panic, the price is so low and anyone who understands these things must understand that generally what goes up must go down and vice versa, a recovery will come, it's just a question of when.

[curry101]

Now bitcoin begins to go down again (this year 2018) and i read a new that they predict that bitcoin will crash to $1800 (i forgot the link). Some panic and sell their coins but others take this time to buy.

[Brunusmagnus]

It seems that newbies beieve that a coin can grows forever... of course, it's not true :-)

[Cryptoproff]

I will just hold my bitcoin because no one can predict what will happen. And I agree it is a great time to invest.