Bitcoin is Falling...Is it Panic Time?

[icecube45]

I still hold bitcoin because I believe this is just a correction and the price will soon recover, there is no reason now to do panic selling. Fluctuations are still reasonable, and since you created this thread until now the price is slowly recovering. So there is no reason to do panic selling, this will make the price worse if done. Or maybe it's better to buy, it will be more profitable.

[Harlot]

That is one thing you don't want to do when you are Investing/Trading. Being at the state of Panic or at least Participating in a Panic Selling will do you know good. Having a Panic attack will only give your mind to have hard decisions (which mostly what you are choosing are the wrong ones). Don't worry If you are a long term investor than price drops like this one are normal because it is a profit taking time every time Bitcoin reaches a new high it is inevitable to happen not unless big players are not willing to sell.

[CODE200]

That is one thing you don't want to do when you are Investing/Trading. Being at the state of Panic or at least Participating in a Panic Selling will do you know good. Having a Panic attack will only give your mind to have hard decisions (which mostly what you are choosing are the wrong ones). Don't worry If you are a long term investor than price drops like this one are normal because it is a profit taking time every time Bitcoin reaches a new high it is inevitable to happen not unless big players are not willing to sell.

Very well said, In my experience the panic selling is just a decision that will make you lose because that selling strategy make my bitcoins go to nothing so I earn from that and now I am trading with patience because the panic selling is the very wrong decision that should not make if you are trader.

[crairezx20]

That is one thing you don't want to do when you are Investing/Trading. Being at the state of Panic or at least Participating in a Panic Selling will do you know good. Having a Panic attack will only give your mind to have hard decisions (which mostly what you are choosing are the wrong ones). Don't worry If you are a long term investor than price drops like this one are normal because it is a profit taking time every time Bitcoin reaches a new high it is inevitable to happen not unless big players are not willing to sell.

Very well said, In my experience the panic selling is just a decision that will make you lose because that selling strategy make my bitcoins go to nothing so I earn from that and now I am trading with patience because the panic selling is the very wrong decision that should not make if you are trader.

It will be still depends if the price is high and there are some bad news about bitcoin expect that the price of bitcoin will decrease so if they seen some sign of price drop they will sell their bitcoin just to make profit for their bitcoin..
Its a part of trading strategy that is why we have old strategy buy low and sell high. So i think the price drop past few days is just a normal movement price of bitcoin..

[Victorycoin]

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?

Though the saying that whatsoever goes up must come down is a fact of life, Bitcoin here is going to be one of the exceptional cases where drops in price wouldn't necessarily mean anti climax. It is simply the normal course of every financial asset to move in wave-like form, forming troughs and crests as they go. 

[geegaw]

I still hold bitcoin because I believe this is just a correction and the price will soon recover, there is no reason now to do panic selling. Fluctuations are still reasonable, and since you created this thread until now the price is slowly recovering. So there is no reason to do panic selling, this will make the price worse if done. Or maybe it's better to buy, it will be more profitable.

Yes, i also believe the price of bitcoin will soon recover, panic selling only makes us lose profits and help others earn profits, if we know and learn about bitcoin for a long time, we will know that volatility is now normal. We need to believe in bitcoin, it will not be easy to collapse just because of such fluctuations. Panic selling is a very stupid thing, many people will feel regret when the price of Bitcoin rise again, and in the next increase, Bitcoin will show us the value and potential of it

[prass tyo]

I still hold bitcoin because I believe this is just a correction and the price will soon recover, there is no reason now to do panic selling. Fluctuations are still reasonable, and since you created this thread until now the price is slowly recovering. So there is no reason to do panic selling, this will make the price worse if done. Or maybe it's better to buy, it will be more profitable.

Yes, i also believe the price of bitcoin will soon recover, panic selling only makes us lose profits and help others earn profits, if we know and learn about bitcoin for a long time, we will know that volatility is now normal. We need to believe in bitcoin, it will not be easy to collapse just because of such fluctuations. Panic selling is a very stupid thing, many people will feel regret when the price of Bitcoin rise again, and in the next increase, Bitcoin will show us the value and potential of it

Do not ever do the name panic selling, it is a silliness for those who are still new in trading, but for the long time such a thing will never be done, we must believe with bitcoin future with limited stock then in the future price Can reach 1 sathosi = 1 $ so do not throw away and wasted your bitcoin

[carlisle1]

I still hold bitcoin because I believe this is just a correction and the price will soon recover, there is no reason now to do panic selling. Fluctuations are still reasonable, and since you created this thread until now the price is slowly recovering. So there is no reason to do panic selling, this will make the price worse if done. Or maybe it's better to buy, it will be more profitable.

its just a shake created by those who already gaining a lot from this investment and for sure even they dumped newcomers will buy it and the rebound will start that's why there's no reason to panic and sell what you are holding just keep it hold and like you mention if possible to buy even more to gain such good profits when btc hyped up again.

[BitHodler]

Do not ever do the name panic selling, it is a silliness for those who are still new in trading

Panic selling is a newbie habit, but it doesn't limit itself to newbies only.

People some times get too excited with the quick increases, and heavily over invest to potentially bump their gains. Or they foolishly invest with borrowed money.

If the market doesn't move in their preferred direction, they get sweaty hands, feel the ground under their feet slowly crack open, and there is just one thing that gets them to calm down and prevent even higher losses.

Yep, that's panic selling.

[BitcoinzB]

Personally, I think that selling or switching to another crypto currency isn't the right thing to do as of now. Nor is panicking.
This is just a good moment to buy some more before it goes back up!

[Hazir]

Why can't bitcoin users understand that every price 'crash', correction and dip is a good sign? It's not the end of the world.
It strengthens Bitcoin because it allows for new users to join the game, buy coins at a cheaper price and more users= greater adoption = higher stability and price.

[Coinmyjob]

Why can't bitcoin users understand that every price 'crash', correction and dip is a good sign? It's not the end of the world.
It strengthens Bitcoin because it allows for new users to join the game, buy coins at a cheaper price and more users= greater adoption = higher stability and price.

All these panic moods among Bitcoin users and even fluctuations in prices for crypto currency, small Why standardized trends that occur almost every year. This is not critical and I think that nothing terrible is happening.

[audaciousbeing]

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?

Situations like this to me, does not worth losing sleep over because volatility is part of bitcoin at this time and its normal for it to happen. Everything we hear about correction or adjustment, is just a term I believe coined by someone to give explanation to what is happening and not exactly what is going on. For me, I am not selling rather I am buying more because one thing is sure the price is recovering and its something that have happened in this past few hours.

[fullypak]

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?

Situations like this to me, does not worth losing sleep over because volatility is part of bitcoin at this time and its normal for it to happen. Everything we hear about correction or adjustment, is just a term I believe coined by someone to give explanation to what is happening and not exactly what is going on. For me, I am not selling rather I am buying more because one thing is sure the price is recovering and its something that have happened in this past few hours.

Good keeping bitcoins for future use best idea. this is really confusing question hold or transferring BTC to another digital currency. If we can hold bitcoins for the long term, it will give good profit that is why people are saving bitcoins. And in another way, the other digital currencies are also becoming popular in the digjtal market if we convert our BTC to another digital currency it will give good profit. Both are worth so what to do now?

[tabas]

Why can't bitcoin users understand that every price 'crash', correction and dip is a good sign? It's not the end of the world.
It strengthens Bitcoin because it allows for new users to join the game, buy coins at a cheaper price and more users= greater adoption = higher stability and price.

Those people that don't realize the drop of bitcoin's price are newbies. They are always looking for the price of bitcoin to be always at the peak. I'm one of those people that is not understand every crash before and I see every crash now as a regret before for not using the chance by those dips to keep on buying.

[bitcoin31]

Time to buy bitcoin now because the price for sure next week maybe the price of bitcoin will reach or hit 3000 dollars. Buy more bitcoin you can make a lot of money for sure. I hope it will happen. Kepp holding bitcoin dont sell it.

[bitcoinvestor]

I think that's panic time for new bitcoin trader or holder. They buy bitcoin hoping the price will rise but in fact the price continue to fall. But for veteran trader it is time to make profit. Taking opportunity from panic sellers they collect a lot of bitcoin with lower price. RIsing and dropping bitcoin price is usual comparing to fiat movement like dollar. in one hour the sharp rise and drop sometime very high. That causes panic selling like  I did.

[richardsNY]

Why can't bitcoin users understand that every price 'crash', correction and dip is a good sign? It's not the end of the world.
It strengthens Bitcoin because it allows for new users to join the game, buy coins at a cheaper price and more users= greater adoption = higher stability and price.

It's mainly because of the fact that they nearly always wrongly time their actions. It's not for nothing that people here experiece the price to go down at the time they buy, and the price to go up when they sell. These people haven't got a single clue about how this market works, what an overbought price looks like, what bottoms are, etc -- nothing of that all makes sense to them. It's pure gambling that they do....

[Blackdeath]

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 do holding bitcoin and some of my money are in different currencies so I can buy more altcoins as it dumps. Of thou shall panic selling, you'll be one of people who'll make big whales richer since dumpers which is big whales are dumping bitcoin so they can get profit from people who panic selling their bitcoins.

[rhamzter]

I think no need to panic, even value of bitcoin was fall down because it was not happen for a long time maybe it is for mean while. Because bitcoin was already rest that's why no need to panic because their price were started to raised up again.