Bitcoin is Falling...Is it Panic Time?

[iamTom123]

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?

[1714118820]

1714118820

[1714118820]

1714118820

[HashieNewb]

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?

I am trying to only hold onto my Bitcoins because the price per coin is very likely to have a large price in the upcoming years. If I make a bunch of Bitcoins I will try to only sell portions of it instead of selling a whole Bitcoin for fiat.

[coynedterm]

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?

Best thing is that we can make money by down in the price of the Bitcoin but still most of the people don't understand about it and sold their Bitcoin due to panic of down in the price , that is really a stupid thing for them .
Here if you have panic of down in the price then I will recommend everyone just do nothing with your Bitcoin .
But still if you want make profit then buy some Bitcoin and then hold it at the exchange because after the sudden increase in the price of the Bitcoin , the price of the altcoins get down and then buy some altcoins with your hooded Bitcoin amount .
This is really a simple trick to make money with fluctuations of the prices  .
So instead to get panic you should make profit.

[UCHCHILD]

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?

The good thing to do is to hold it on since it is having its low value because sooner it will rise up because there will be investors that going to  buy coins and take chance with this and buy a lot of coins in low price then it will pop up again rise again. This is what is happening in this industry true investors waits for drop down and causes the price hike.
We should settle our mind too in that way. That is why rich become more richer and poor remains poor. We do not need to panic selling. Things will be good in time.

[romero121]

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.

[pooya87]

According to my friend preev.com, as of press time, the value of Bitcoin is standing at $2,351.

you need to change your friend and find better friends who give you better information. there are a lot of them. my favorite friend is bitcoinwisdom because it opens up faster than bitcoinaverage and tradingview although tradingview is much more sophisticated friend.

and according to my friends the panic time has been happening before you made this topic. this round of panics started on June 12 and it seems like they have stopped yesterday afternoon (UTC+4.5)

[BossMacko]

For me i don't worry even if it fall, no need for panic selling because its been proven before, price will drop then it will rise again higher than the peak last time. That's the cycle of Bitcoin nothing to worry about that. I will only worry if the price goes to 100$ usd in one night and never come back up again.

[sotoshihero]

Panic Time? IMHO I think its an opportunity to buy. I think this dump is a only for correction, once it stabilizes, it will slowly regain and pump. Its normal in trading as what I have experienced and I am not worried about it. Some speculations are fueling this dump, its normal.

[bamboylee]

I do not see it as panic time rather  buy the dip time. It is a combination of whales profit taking, newbie shakedown and FUD. If you are not buying bitcoin during this time, it is better just to hodl on your bitcoin. The price will go back up as it always does.

[api]

It's just correction to 1800, where then the price will go, I'd want to know.

[Yuhee]

I do not see it as panic time rather  buy the dip time. It is a combination of whales profit taking, newbie shakedown and FUD. If you are not buying bitcoin during this time, it is better just to hodl on your bitcoin. The price will go back up as it always does.

Agreed and why the panic?. This was not the first time in just 2 months that this happened. A month ago also it reached to 2.8k then dropped until 2.1k. this are just the dumps so that they could recover the sold coins then go increase again. Probably to maintain the stability of btc around the web. And to give more investors to buy more btc at a low price. So i guess this is just a normal routine for the btc, so there is no need for panic.

[ethereumhunter]

why you should panic? i think there is no need to get panic in any conditions in trading because once you get panic, then you can not thinking with clear and you only make yourself in a risk situations. you need to make your own analysis and your own predictions so you don't have to listen to your friend. its good if they share the info but you don't need to trusted it 100 %, you need to find the truth so you know what you need to do.

[Barbut]

Panic Time? IMHO I think its an opportunity to buy. I think this dump is a only for correction, once it stabilizes, it will slowly regain and pump. Its normal in trading as what I have experienced and I am not worried about it. Some speculations are fueling this dump, its normal.

I also need to smile on this topic, why people have a need to talk about panic every time when bitcoin prices goes down. I'm not panicking, I expected this drop and I thought it will happen earlier. When poor people think about about panic, rich are earning on this fluctuations, and term for that is shortage, traders are earning money in moments like this one. I'm glad that btc is down, some other alts are also down, watch this as a food opportunity to buy some more coins, take advantage in every situation.

[Schuyler]

People who are panic selling would regret it if the price recovers right away. Better to just hold and wait for the price to bounce back, because bitcoin has been known to rebound nicely from dips. If someone is new to bitcoin and reacts each time the price declines, maybe that person should consider other types of investment which is not as volatile as the crypto currencies.

[NUFCrichard]

I don't see it as a greta opportunity to buy, but it also isn't a great time to sell.
Bitcoin flash crashes a lot, I don't really know why, but it does.  In 2013 it flash crashed, then slowly fell downt over time, at the moment it seems like it flash crashes and returns to ATHs pretty quickly.

Things can always change, we might have reached the peak and be at the start of a long bear run, but the next move is hard to predict. 

Buying now could look very foolish in a few months, the warning signs are there, it could start to fall from here.
Sell now could also look very fooling, look at the stock markets, they have been due a big fall for 5 years now! The price could easily be $4000 in 2 months.

So no, it isn't panic time, it's time to look and decided for ourselves what we think will happen next time, but that isn't so catchy.

[arseaboy]

People who are panic selling would regret it if the price recovers right away. Better to just hold and wait for the price to bounce back, because bitcoin has been known to rebound nicely from dips. If someone is new to bitcoin and reacts each time the price declines, maybe that person should consider other types of investment which is not as volatile as the crypto currencies.

Yes I agree on this. we should never sell our bitcoins everytime we see the down trend on it. Because you'll never know what will be value of the bitcoin when it recovers. Just like what hapoened last year. Many people get upset when they sell their coins and then suddenly the price got up. So it's really better to hold and wait.

[Amph]

not falling just price correction, i'm not selling or anythign i'll simply wait the value to return where it was, bitcoin is only at the beginnign now, holding  is the best strategy you can have for the time being

just buy more on the dips, and take your cheap coins, before we jump again at $3k, also with the current massive adoption you can't really go wrong with bitcoin, it's the safest and the most lucrative investment you can have

[batang_bitcoin]

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

I will keep on holding my bitcoin and I will remain and will keep on believing on it. This is the father of all crypto's so there's no need to worry about the craze of transferring your fund to other alt coins or with the popular pump of eth today. It has been proven that there's no need to panic, bitcoin is still good.

[NS-Soul]

I was able to transfer all my bitcoins into other cryptocurrencies for assurances news are saying that bitcoins may split and have a fork .The panic now is now ongoing so i dont sell my bitcoins just like others do just transfer to other altcoins.

[Afnan_faizah]

This is the right time to buy bitcoin, I think bitcoin will get mass adoption from asian countries,  so the price will rise again.