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Author Topic: Bitcoin is Falling...Is it Panic Time?  (Read 30465 times)
Kyraishi
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June 17, 2017, 03:27:31 AM
 #81

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?

Is it panic time? Probably no. It's not a good idea to panic anyways, it won't make you any richer or safer.

The support for bitcoin is actually quite strong, the floor is pretty much set in stone at $2000. Just think of it this way - the worst that's going to happen in your investment in say, 6 months, is that you lose $500 per coin. That's the worst case scenario, because bitcoin price could go up, it could stay the same, or it could drop some but not much.

If you don't feel safe taking the risk, which i think is a good risk to take, then sell off 80% of your bitcoins. Keep 20% for when the price rises in the future, so at least you have something to liquidate and feel good about Tongue

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June 17, 2017, 03:53:55 AM
 #82

Better to sell at all time high and invest in other low price crypto currencies like ethereum. If you keep bitcoin at $2,400 and it will rise to $4,800, you will have a 100% profit. But if you buy another alt coin at e.g. $30 and it will rise to $300, you will have a 1000% profit!
How sure are you guaranteeing this to happen? I think investing in bitcoin is much safer than investing in altcoin. Because altcoin prices are much more volatile than bitcoin. But if you dare to risk you can use his idea


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June 17, 2017, 04:11:48 AM
 #83

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?

For me as the price of BTC are falling down this is the best time to accumulate bitcoin and hold it, cause i believe it will bounce back, cause every time the price of btc felll short btc will immediately bounce back. well i do hold bitcoin and will hold it for a longer time i believe on the of it.
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June 17, 2017, 05:47:23 AM
 #84

In the meantime I will hold it first, because the price is so volatile and still not stable in recent weeks. Until then there will be an increase in price above the average. Just as stock trading is selling and buying. Where when the price goes down we buy and when the price is rising then we are finally selling we get a decent profit. The price is fluctuating due to the number of requests or miner of bitcoin who continue to play with the price. Or anything else that causes such a fraud in bitcoin investments.
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June 17, 2017, 05:52:17 AM
 #85

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?

For me as the price of BTC are falling down this is the best time to accumulate bitcoin and hold it, cause i believe it will bounce back, cause every time the price of btc felll short btc will immediately bounce back. well i do hold bitcoin and will hold it for a longer time i believe on the of it.


This is the best time truly to get some since this is the time whales will do their works to accumulate some cheap btc to stake for their own. And look what happen for the dump happen yesterday and compare it now surely theirs so many people earning some good profits again for yesterdays dip and this one will continue if people will have a great trust on bitcoins flactuation.



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June 17, 2017, 06:38:53 AM
 #86

Change is the only constant thing,Any real business person would prepare speculatively against some losses, as long as there is a rise there could be a fall.

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June 17, 2017, 06:45:12 AM
 #87

Bitcoin dump last few days at 2100 dollars and I think to those people buy that anmount they can earn profit. I see any reason to sell our bitcoin because even the price dump it will recover again after few days for sure because if many people see bitcoin dump they decided to buy more bitcoin.

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June 17, 2017, 06:51:05 AM
 #88

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?

Long term charts still show that bitcoin price is extremely high. In fact so high that it is still double the $$$ per bitcoin at the 2013 "all time high" at the time. So there is really nothing to worry about.  A $400 drop in value is bad, but expected.

The pump couldn't just go on forever. As much as bitcoin has received positive media and policymakers in certain countries like Australia and Japan are actually starting to acknowledge bitcoin, there were still mostly speculation involved in the pump. So before we can go any higher, a correction would have to happen.

I'm holding onto my coins, in fact bought some at the low, and still buying on a daily basis. This might seem like a dumb move now, and it might be. But i know for a fact that in 2-3 years when the next halving comes there will be another wave of crazy pumping Smiley


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June 17, 2017, 07:13:27 AM
 #89

Bitcoin dump last few days at 2100 dollars and I think to those people buy that anmount they can earn profit. I see any reason to sell our bitcoin because even the price dump it will recover again after few days for sure because if many people see bitcoin dump they decided to buy more bitcoin.

If we can see the opportunity, we can actually get a lot of profit from bitcoin price reductions, because bitcoin is able to make price fluctuations in the range of about $100-200, I'm sure the speculators are enjoying this, they tighten the belt in slow market movements, but It turns out for other traders this is when selling bitcoin in a panic, that's not true.



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June 17, 2017, 07:26:14 AM
 #90

I am keeping all the trust I could over the bitcoin only. I know the time when bitcoin came down and again rose to better prices in the past. This has happened many times so I believe it is just trend of bitcoin to go down and come up again. We should take this as an opportunity because whenever bitcoin goes down in the value we can own more bitcoin to secure our future profits. And I just love it. :-)

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June 17, 2017, 08:04:16 AM
 #91

I am keeping all the trust I could over the bitcoin only. I know the time when bitcoin came down and again rose to better prices in the past. This has happened many times so I believe it is just trend of bitcoin to go down and come up again. We should take this as an opportunity because whenever bitcoin goes down in the value we can own more bitcoin to secure our future profits. And I just love it. :-)
Yes keep in trusting bitcoin. It may fluctuates sometimes but still it will go higher. Dont do panic selling as long as you believes that bitcoin can help you survive life. You may regret selling too early because you will get a little profit or a  no profit at all.

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June 17, 2017, 08:35:11 AM
 #92

Bitcoin is so stable for now if bitcoin price down i think just a little bit only and not drop for big crash. Its panic time if you see bitcoin that goes down in a single day and the price drop into big amount.
If bitcoin falling don't panic i think that is the best time you to buy and keep it for a long term.

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Seeker01
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June 17, 2017, 08:38:37 AM
 #93

Bitcoin is so stable for now if bitcoin price down i think just a little bit only and not drop for big crash. Its panic time if you see bitcoin that goes down in a single day and the price drop into big amount.
If bitcoin falling don't panic i think that is the best time you to buy and keep it for a long term.

Hopefully it will not drop so much after august 1, but for now theres no need for panic selling its about to accumulate more so you can have large amount of btc in the future. the price of bitcoin will continue to pump for the next years.
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June 17, 2017, 08:42:12 AM
 #94

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?

And 30 hours later, it's currently sitting at $2555 apiece. Congratulations for those who have made a pretty good short term profit from this.

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.

There is absolutely no need to panic. The price is actually quite stable, and fluctuations are less than when the pump was happening. It's quite funny how human emotions work. When the pump happens and bitcoin value is changing every minute nobody was panicking, but just as bitcoin corrects and is moving $50 a day everyone screams and panic sells.

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June 17, 2017, 09:00:52 AM
 #95

I don't think that a fall in price of Bitcoin is a very big reason to panic as such pumps and dumps are common in cryptocurrencies. I think that Bitcoin's price will be around 3000$ again in a week's time.
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June 17, 2017, 09:39:19 AM
 #96

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?
Panic selling is the one that you should not do in the trading of bitcoins, because if you are experience trader you should know that no matter dump that will happen in the bitcoin it will go up and surpass the record that it make because bitcoin is supply demand based so basically if you are going to panic sell you will regret it later.

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Lancusters
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June 17, 2017, 10:54:06 AM
 #97

I don't think that a fall in price of Bitcoin is a very big reason to panic as such pumps and dumps are common in cryptocurrencies. I think that Bitcoin's price will be around 3000$ again in a week's time.
If people do not panic the whales who staged this provocation will lose their bitcoins. They will buy just a simple user and whales to share their savings. I like this prospect. Those who panicked in these situations simply does not believe in the future of bitcoin.

.

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Obito
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June 17, 2017, 11:00:37 AM
 #98

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?

Is it panic time? Probably no. It's not a good idea to panic anyways, it won't make you any richer or safer.

The support for bitcoin is actually quite strong, the floor is pretty much set in stone at $2000. Just think of it this way - the worst that's going to happen in your investment in say, 6 months, is that you lose $500 per coin. That's the worst case scenario, because bitcoin price could go up, it could stay the same, or it could drop some but not much.

If you don't feel safe taking the risk, which i think is a good risk to take, then sell off 80% of your bitcoins. Keep 20% for when the price rises in the future, so at least you have something to liquidate and feel good about Tongue
Indeed, don't be afraid just because the price of bitcoin is decreasing. I think it is just normal for me, panic would not make the things better. In fact, the bitcoin community is becoming large everytime passes by and at the same time our support in bitcoin is become massive thus, it makes the price more high. I guess its price will not decrease into 2000$ for now so don't be afraid and just hold it up and you will not regret.

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June 17, 2017, 01:03:12 PM
 #99

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.!

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Seeker01
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June 17, 2017, 10:47:45 PM
 #100

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.
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