Bitcoin is Falling...Is it Panic Time?

[hahay]

Panic may, but do not overdo it. Because panic to something as popular as bitcoin because the price is falling and then you sell it, I think you will regret in the near future because I've experienced something like this. We must stay calm and be sure bitcoin will rise again.

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[Beparanf]

Panic may, but do not overdo it. Because panic to something as popular as bitcoin because the price is falling and then you sell it, I think you will regret in the near future because I've experienced something like this. We must stay calm and be sure bitcoin will rise again.

It's a cycle, dump and pump can really happen in btc, there's no need to panic. Since btc is still capable to pump soon like it did before. Same with it can lower the value but not as low as it is before.

[Aztek]

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.

Yes i agree that it is better to hold your bitcoin in this state. Because even if the bitcoin price fall down it does not mean that it will stop going up and developing. And asides development also needs decentralization and dull moments on its price. So it take full courage and trust to trust on the further development of bitcoin for you to earn more. Panic selling may just cause lose of future income in you may regret doing it as soon the price of bitcoin increase and strike high.

[Janation]

Panic may, but do not overdo it. Because panic to something as popular as bitcoin because the price is falling and then you sell it, I think you will regret in the near future because I've experienced something like this. We must stay calm and be sure bitcoin will rise again.

It's a cycle, dump and pump can really happen in btc, there's no need to panic. Since btc is still capable to pump soon like it did before. Same with it can lower the value but not as low as it is before.

Bitcoin is really volatile, as a bitcoin user you must know that. We don't need to panic with the every movement of the price of bitcoin we see, when the price dumps, we panic, when it pumps, we celebrate and being positive. Why don't we just wait if it dumps and see what might happen, we just need to be active to read some news about it, we don't need to panic.

[silverkamote]

no way. i dont think bitcoin is falling,  bitcoin is still the king of cyrptocurrencies.  i love bitcoin and bitcoin is the only one i use nothing more. some out there are just copycat and no originality.

[ocid]

Panic may, but do not overdo it. Because panic to something as popular as bitcoin because the price is falling and then you sell it, I think you will regret in the near future because I've experienced something like this. We must stay calm and be sure bitcoin will rise again.

Most people see bitcoin prices down they panic to quickly sell it because it is feared the price is decreasing it had never experienced before, But with excessive panic will make it regret because after the price down we do not rush to sell it but patiently waiting for the price to go back even though it's in the long term.

[ilovefeetsmell]

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 want to hold my bitcoin in long term. Bitcoin have proof that will fall but suddenly will rise again. I want to stick with the bitcoin. I just wanna try other coins if which is better to hold but as of now, I am satisfied in bitcoin. I earned money from bitcoin and I purchased of what I want and what I need. Panic selling because they don't have any experience of bitcoin process. It will reach $2,800 then it will $3000 in the coming months. Do you see what bitcoin can do? It can dominate the fiat currency and even other virtual coins.

[Sled]

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 want to hold my bitcoin in long term. Bitcoin have proof that will fall but suddenly will rise again. I want to stick with the bitcoin. I just wanna try other coins if which is better to hold but as of now, I am satisfied in bitcoin. I earned money from bitcoin and I purchased of what I want and what I need. Panic selling because they don't have any experience of bitcoin process. It will reach $2,800 then it will $3000 in the coming months. Do you see what bitcoin can do? It can dominate the fiat currency and even other virtual coins.

Great decision that you will stick to bitcoin itself because you are right that bitcoin will experience some dumps (Just buy) and it will rise again (Keep holding). If you are really for long term investment then even the short term pumps will not distract you from holding because you already set a goal and nothing can change that but only you. So your choice is, you will stick to the plan or not.

[Karmakid]

What we are seeing right now maybe is a panic sellin of some big holders or all of small holders or huge amount of exchange of bitcoin to fiat is happening right now which casues the bitcoins price to fall down

[mharz]

We don't need to panic if the price of bitcoin is fall down because if we compute their difference since 2017. I think bitcoin were doubled and if their price were fall down I think it was not large amount.

[izanagi narukami]

We don't need to panic if the price of bitcoin is fall down because if we compute their difference since 2017. I think bitcoin were doubled and if their price were fall down I think it was not large amount.

IMO, bitcoin will stay on range $ 2500 !
When the value is low enough then you may buy it otherwise hold it. I'm heard that Russia will start accepting bitcoin so there will be a bubble on bitcoin value just like a few weeks before

[EdenHazard]

Panic may, but do not overdo it. Because panic to something as popular as bitcoin because the price is falling and then you sell it, I think you will regret in the near future because I've experienced something like this. We must stay calm and be sure bitcoin will rise again.

It's a cycle, dump and pump can really happen in btc, there's no need to panic. Since btc is still capable to pump soon like it did before. Same with it can lower the value but not as low as it is before.

indeed but still you need to have some preparation for something unexpected , for something worst that you never imagine before. you need some plan B and a proper bankroll management to make sure you won't completely get panic and just enjoy the fluctuation.

if you have a plan to put your cash in bitcoin for long term then it is a clear case that you won't panic at all.

[Harlot]

Panic may, but do not overdo it. Because panic to something as popular as bitcoin because the price is falling and then you sell it, I think you will regret in the near future because I've experienced something like this. We must stay calm and be sure bitcoin will rise again.

It's a cycle, dump and pump can really happen in btc, there's no need to panic. Since btc is still capable to pump soon like it did before. Same with it can lower the value but not as low as it is before.

indeed but still you need to have some preparation for something unexpected , for something worst that you never imagine before. you need some plan B and a proper bankroll management to make sure you won't completely get panic and just enjoy the fluctuation.

if you have a plan to put your cash in bitcoin for long term then it is a clear case that you won't panic at all.

It is pretty obvious if a panic selling is due to a profit taking or is it due to a really bad news. Panic selling that is done by profit taking should not make you panic at all as price recovery can just be days from now, but if it is due because of a bad news then might be prepared to join others selling their position. As you need to take profit as much as you can before it falls way down just like what happened last year when is was priced at the level of $500 dollars (in which you can accumulate again).

[yugyug]

as long as chinese people need bitcoins, there's no need to panic even if the btc is in downtrend it is just a matter of market correction, china is a big market for bitcoin in 6 months time from now btc price will pump up again. only miners and short term traders are too worry about the downtrend of btc in last couple of weeks.if  you are a long term holder, let's wait for the glory days.

[aesma]

Exact. China has restricted some forms of trading that were akin to gambling, trading in rubber for example, so there is a supply of money from traders, and some goes to Bitcoin.

[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.

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

Yes, someone who has studied and understood with bitcoin would not have panic selling because they consider that such fluctuating price is very reasonable, and definitely believe the price will rebound and rise. As you say panic selling will only hurt and will bring regret. I'm sure when bitcoin prices are falling users will not directly do panic selling because users will definitely learn from experience. So there is no reason to now do panic selling.

[emezh10]

Don't be a panic seller just be a long term investors because there's a big opportunities if you will hold your bitcoin for a long term because the bitcoin is for long term investment and as time pass by the bitcoin price will increase so it's better to hold and be a long term seller.

[Lagduf]

Panic may, but do not overdo it. Because panic to something as popular as bitcoin because the price is falling and then you sell it, I think you will regret in the near future because I've experienced something like this. We must stay calm and be sure bitcoin will rise again.

It's a cycle, dump and pump can really happen in btc, there's no need to panic. Since btc is still capable to pump soon like it did before. Same with it can lower the value but not as low as it is before.

Those newbies are never learned from the past experience with the FUD. If the whale try to make a short big dip and the more newbies will try to follow it with dump the more money to the strong hand. That just a usual thing in crypto and i will never worry about that.

[TetraFugolini]

There is no need to panic, if it is raising, that is awesome. On the other hand if it is falling, that just means it is time to buy more 

[rntl.io]

As altcoins gain relevence, bitcoin will become somewhat less volatile in relation to fiat volatility, as the entire cryptocurrency begins to absorb that volatility and distribute it across more coin/fiat pairings.