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Author Topic: Bitcoin is Falling...Is it Panic Time?  (Read 33269 times)
PokerFace3
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June 25, 2017, 04:32:31 AM
 #261

I knew the previous fall was just some accumulation of whales, and/or some successful ICO cashing out.  AFter some days of bitcoin dip, the price started to recover and now is somehow stable at the price before it crash.  Others believe that it is somehow a correction then will start to climb back after the correction for a higher base price and they are correct.  Bitcoin is now trading at 2600+ and somehow bullish because of the upcoming news.
Yes, it is a common opinion about that the recent fall in the price of the bitcoin was due to some of the whales, saying it will not be wrong that it was some sort of planted dip by the whales who sold their bitcoins at high prices and now they may again have purchased on the lower prices. But it is good to see that the bitcoin recovered its price in a very less time and is still going high.
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June 25, 2017, 06:22:56 AM
 #262

For me theres no need to panic because every time bitcoin fall it bounced back higher, so just keep on holding and accumulating more bitcoin for you to enjoy the benefits of it in the future, the price may correct itself but in long run it till continue to rise high.
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June 25, 2017, 06:53:16 AM
 #263

Do not panic if that happens, because it could be bitcoin prices will rise back quickly. Well, maybe a lot of panic if it happens, but, you have to be one of those who can withstand it

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June 25, 2017, 07:11:15 AM
 #264

Bitcoin price fall and increase is common, everytime during the fall people will be getting panic and used to sell low missing the profit. With bitcoin one need to have patience to profit rather than selling on panic. This time the price drop is very big, but the same doesn't have a perfect reason behind as every digital coin is experiencinga drop and only very few are in the price pumping.
Exactly it was normal that price drop and pump. Even its price drop you don't need to do panic selling. Because it was a good news. Just hold for it and it will be worth it in the end. Just know how to wait. It was proven that whenever the price dump it will pump double of its price.

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June 25, 2017, 09:45:12 AM
 #265

Do not panic if that happens, because it could be bitcoin prices will rise back quickly. Well, maybe a lot of panic if it happens, but, you have to be one of those who can withstand it

You're right. Panic time would soon be regret time when btc recovers and goes up even higher. Though i think the price you're going tonbe selling it today is still pretty decent for profits if you've been keeping btcs for a long time, the possibility of earning way more would be lost to you if you panic sell. And when btc recovers, it would be more expensive to buy that time. So just relax and don't panic as btc will eventually be more profitable in the long run

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June 25, 2017, 10:10:41 AM
 #266

Self-fulfilling prophecies, all these questions. I suppose the momentary jumps will always create some sort of panic buys, while the corresponding dips will cause panic selling to ensue.

Loving every moment of this rollercoaster!

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June 25, 2017, 10:13:24 AM
 #267

Are there still those who panic? Bitcoin will grow up, just after too fantastic growth, it should decrease a little, this is its peculiarity.

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June 27, 2017, 07:08:34 AM
 #268

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?
Certainly,newbies would get panic on seeing such drops and immediately they would try to sell their bitcoins which would be only beneficial to big whales.Well,i am not a newbie and i have seen lots of ups and downs in bitcoin history.So,i don't even care about such fluctuations and i will continue to hold bitcoin on a long term basis.
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June 27, 2017, 08:01:29 AM
 #269

Price drops are an opportunity to buy bitcoins and sell them when the price climbs up again

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June 27, 2017, 08:24:01 AM
 #270

I think it will be a panic time once bitcoins price will slump below 1800

I dont think that the price will go below $2k for bitcoin and then we will see the price bouncing above $3k in short time. Dont worry of this dump just think of buying opportunity.

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June 27, 2017, 08:38:40 AM
 #271

Price drops are an opportunity to buy bitcoins and sell them when the price climbs up again
Definitely, we can take advantage of the free money given by the weak hands, they easily panic that's why they are a victim of the price volatility of bitcoin. I want to buy more but I only have a limited money for trading now since bulk of my exposure are in to long term, but if given a chance I would definitely buy without hesitation.

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June 27, 2017, 08:39:16 AM
 #272

I think it will be a panic time once bitcoins price will slump below 1800

I dont think that the price will go below $2k for bitcoin and then we will see the price bouncing above $3k in short time. Dont worry of this dump just think of buying opportunity.
Yes maybe $2k would be the lowest price and probably would not be lower than $2k, and this is a chance to buy. Stay calm and always positive thinking, do not panic with this dump.

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June 27, 2017, 08:45:03 AM
 #273

I think it will be a panic time once bitcoins price will slump below 1800

Panic actually starts when it falls below 2000$ then it will be a free downfall. If the btc prices does not start to get stabilized or start rising a bit above 2500$ it will not be a good news for investors. Unless some good global economic news comes this may boost the prices to rise for now.

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June 27, 2017, 08:47:03 AM
 #274

I knew the previous fall was just some accumulation of whales, and/or some successful ICO cashing out.  AFter some days of bitcoin dip, the price started to recover and now is somehow stable at the price before it crash.  Others believe that it is somehow a correction then will start to climb back after the correction for a higher base price and they are correct.  Bitcoin is now trading at 2600+ and somehow bullish because of the upcoming news.
Yeah, in the coming time, the price of bitcoin will soon return to $ 3,000 and the end of this year it may reach $ 4,000, this is the prediction of so many traders and investors. The collapse of bitcoin during this period is very normal, it needs to accumulate again to reach higher prices, many people do not know that and do not believe in bitcoin, they panic selling a lot of bitcoin. I think now is not the time of panic, this is a good time to earn more bitcoin and wait for a good future.
I hope so but this is also a truth that what if the prices fall again ?
From the recent price fall I was just shocked that everything was absolutely fine and there was no suitable reasons for the prices to go down still the prices fall down and it really was a hard time for the small investors.

If such things kept on going with the bitcoin I am afraid that the people will lose trusting the Bitcoin. I am wish such an incident never happen in the future but who knows.

There may not be a reason for the crash, but was there a reason for the rally/bubble before it ? Not really. So it's not that surprising. The "real world" stock market is like that too. Many factors can explain why a stock goes up or down, but in a crash or in a bubble, everything goes up or everything goes down, without a rational reason.

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June 27, 2017, 09:27:26 AM
 #275

I think it will be a panic time once bitcoins price will slump below 1800

Panic actually starts when it falls below 2000$ then it will be a free downfall. If the btc prices does not start to get stabilized or start rising a bit above 2500$ it will not be a good news for investors. Unless some good global economic news comes this may boost the prices to rise for now.

Panic selling haven't got started yet, but somewhere around the digital currency community panic selling has been going on. This too is an reason for the price drop and increase causing minor fluctuations. The same will cause a major fall if the price same manner go below $2000. Because all of a sudden people try to sell feeling that they miss the chance of selling high.

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SamsungBitcoin
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June 27, 2017, 10:08:25 AM
 #276

I think it will be a panic time once bitcoins price will slump below 1800

Panic actually starts when it falls below 2000$ then it will be a free downfall. If the btc prices does not start to get stabilized or start rising a bit above 2500$ it will not be a good news for investors. Unless some good global economic news comes this may boost the prices to rise for now.

Sometimes if most of the users do panic selling of bitcoin the rest of users who keep their bitcoin they are the one was benefited because everytime that happen the value starts to increase so high due to increasing of demand. But me everytime i see good profit im not hesitate to sell my bitcoin becuase of active fluctuating of value right now.
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June 27, 2017, 12:11:51 PM
 #277

Bitcoin price fall and increase are common, every time during the fall people will be getting panic and used to sell low missing the profit. With bitcoin one need to have the patience to profit rather than selling on panic. This time the price drop is very big, but the same doesn't have a perfect reason behind as every digital coin is experiencing a drop and only very few are in the price pumping.

Don't panic when its price falling down. It is normal because as what you have said this is a type of digital coin so that the tendency is the rise and fall of it. We don't have to worry when its price goes down because there is a big profit if its price rises again. Of course, patience is very important because if you don't have it, it will lead you to a bad mood. Don't sell your bitcoin if its price was falling instead, wait again until its price goes up. It is the big impact when the price fell down. This is the big possibility for you to have a big profit. There is a great reward that awaits.

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June 27, 2017, 12:50:00 PM
 #278

Bitcoin price fall and increase are common, every time during the fall people will be getting panic and used to sell low missing the profit. With bitcoin one need to have the patience to profit rather than selling on panic. This time the price drop is very big, but the same doesn't have a perfect reason behind as every digital coin is experiencing a drop and only very few are in the price pumping.

Don't panic when its price falling down. It is normal because as what you have said this is a type of digital coin so that the tendency is the rise and fall of it. We don't have to worry when its price goes down because there is a big profit if its price rises again. Of course, patience is very important because if you don't have it, it will lead you to a bad mood. Don't sell your bitcoin if its price was falling instead, wait again until its price goes up. It is the big impact when the price fell down. This is the big possibility for you to have a big profit. There is a great reward that awaits.

Stay brave because the fall of price is not yet the end of every dreams of bitcoin but rather an opportunity to grab. I know you already sell your holdings by the time price hits a good mark last few months ago, but the remaining bitcoin you had still there in your wallet storage; holding it for few days more. No worries about price fluctuations as it decreases for more reasons of dumpings from investors, and price will climb up higher again after that fall so you should be patience of waiting a good price in the future to reach to the top.

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June 27, 2017, 12:59:41 PM
 #279

Panic never contributes to making the right decisions. I think the panic was provoked by the whales who are looking for any opportunity to buy coins at a low price. Exercise patience and you will be rewarded. Panic does not benefit anyone except speculators.
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June 27, 2017, 01:01:49 PM
 #280

I think it will be a panic time once bitcoins price will slump below 1800
There is a chance that below 1800$ will create a panic, but on the other hand,what if bitcoin stays above 2000$.  Panic has no room when bitcoin is above 2000$ price.

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