Bitcoin is Falling...Is it Panic Time?

[Gheka]

According to what I've seen and learned about Bitcoins, the more it falls the more it tends to recover.
In lieu of panicking during the time of a dump or whatever you call it "a bubble burst", I think selling is not an option but closing your windows/tabs and stop watching is the best thing that I always prefer to do because panic will always make you take the wrong decision and you will regret in the future. It's good to wait than going wrong due to hastiness.

Yes, this is a common scenario with bitcoin, the price of bitcoin will increase to a certain level then drastically decrease and then increase back strongly to break the old price. But many people still panic and sell all their bitcoins, this is one thing I can not understand, it seems they do not trust bitcoin and they always regret in the future. With Bitcoin, I have missed many opportunities in the past because I panic selling but gradually I realized the price of Bitcoin will rise higher and higher, and from the time I realized that, I do not panic sell my Bitcoin, I always put faith in Bitcoin

[djselery]

Bitcoin's price is not stable , that's a fact known by all the community almost, but there is no need to panic because even if the price decrease for some time it will increase again after a while and maybe reach highest level. We just need to be patients.

[Yakamoto]

According to what I've seen and learned about Bitcoins, the more it falls the more it tends to recover.
In lieu of panicking during the time of a dump or whatever you call it "a bubble burst", I think selling is not an option but closing your windows/tabs and stop watching is the best thing that I always prefer to do because panic will always make you take the wrong decision and you will regret in the future. It's good to wait than going wrong due to hastiness.

Yes, this is a common scenario with bitcoin, the price of bitcoin will increase to a certain level then drastically decrease and then increase back strongly to break the old price. But many people still panic and sell all their bitcoins, this is one thing I can not understand, it seems they do not trust bitcoin and they always regret in the future. With Bitcoin, I have missed many opportunities in the past because I panic selling but gradually I realized the price of Bitcoin will rise higher and higher, and from the time I realized that, I do not panic sell my Bitcoin, I always put faith in Bitcoin

One major concern I can see a lot of people taking to heart is that the higher the value of Bitcoin goes, the more money is ended to move the market. While having consistent patterns, such as increase > decrease > higher than 1st increase, increases confidence for future positive trends, it's harder and harder to have a higher value per Bitcoin because of the sheer amount of money needed to buy one; let alone multiple, for the average person. It mostly comes down to people like you holding that keeps the value higher imo, if there was a lot more movement in the market the value would likely have been kept lower. But that's just speculation on my part and in no way grounded in reality.

[crairezx20]

Bitcoin's price is not stable , that's a fact known by all the community almost, but there is no need to panic because even if the price decrease for some time it will increase again after a while and maybe reach highest level. We just need to be patients.

In bitcoin is always patience is needed because if you don't have this possibility that you can be just lose your investment in bitcoin that is why there are times that there newbie invested in bitcoin and panic selling because they heard some news from others so instead of they are making profit they are losing..
For now we are seeing small dumping about bitcoin but i do believe that the price can be increase again back they are just attracted to invest in bitcoin cash just to make a good profit.  in bitcoin cash and just lets hope that they can convert it back into bitcoin soon that can push the value of bitcoin more..

[Gastotade]

According to what I've seen and learned about Bitcoins, the more it falls the more it tends to recover.
In lieu of panicking during the time of a dump or whatever you call it "a bubble burst", I think selling is not an option but closing your windows/tabs and stop watching is the best thing that I always prefer to do because panic will always make you take the wrong decision and you will regret in the future. It's good to wait than going wrong due to hastiness.

Yes, this is a common scenario with bitcoin, the price of bitcoin will increase to a certain level then drastically decrease and then increase back strongly to break the old price. But many people still panic and sell all their bitcoins, this is one thing I can not understand, they do not seem too trusting in bitcoin and they always regret in the future. With Bitcoin, I have missed many opportunities in the past because I panic selling but gradually I realized the price of Bitcoin will rise higher and higher, and from the time I realized that, I do not panic sell my Bitcoin, I always put faith in Bitcoin

atleast ypu realized it now, there's still more time to caught up with what you sell before. We can still earn now. If it falls theres no reason to panic unless we needed the money at that moment.

[dragonusa9]

i still believing in bitcoin, im predicting that full potential is not now. so i dont wanna panic sell or change it into other currency
also if the price fall, that can climb again and again for better price from the past until now have been tested

[Cormoran]

As far as this latest bear market from the 18th, I think that it was about people deciding to switch their coin holdings over to Bitcoin Cash; the news broke yesterday that Bitcoin Cash mining would be more profitable than Bitcoin mining, though with lower transaction fees and less stability of course. If you look at the graph for Bitcoin Cash, it's spiked dramatically, somewhere around 100% increase since yesterday - about the same dollar amount that the 10% drop in Bitcoin price correlates to. That doesn't mean that Bitcoin Cash will now take over, or that Bitcoin is going to stop growing altogether, but it's possible that we're entering into a more sideways/bearish market for a while.

Personally, I bought Bitcoin around the time the OP started this thread, while everyone else was panicking over the split; that's given me 100% ROI in a month's time, so I did sell half my stake during the slide yesterday, though still higher than Bitcoin has settled at right now. I'm actually rather annoyed about the timing of the slide, since I had decided to sell on the 17th when it broke $4500 and took a day getting my coins transferred over from my paper wallets. Oh well. At this point I'm entirely playing with the house's money, so I'm certainly not going to panic over losing what I never had.

I am still bullish on Bitcoin in the long-term. I just think the current, short-term bull run, which started when the news hit that SegWit was locked in at 80%, is running out of momentum and has stalled for the time being on the news that Bitcoin Cash is better than Bitcoin in any sense, even if not better overall. It may only be stalled for a week or two, at the rate we've been going, or it may stall for months as the reality sets in that Bitcoin still has some uncertainty in the future. SegWit developers and Core are not at peace over the NY agreement, last I heard, and there's a possibility of yet another hard fork. Who knows whether people will panic over it, or look at it as another opportunity like the last one turned out to be? The last one was only an opportunity for people who took Warren Buffett's famous advice, "be greedy when others are afraid, but only when others are afraid." If everyone looks at a fork as an opportunity and it ends up causing technical disruptions, it'd most likely trigger a crash and panic sell. The market is a funny thing sometimes, given that it's just made up of lots of people. If any one of you tells me that people always make sense, I'd like your personal information so that I can have you committed, because that doesn't make any sense and you'd clearly be insane.

[gredisgold88]

It does not panic , for beginners Should know basic to sell or buy, but by market analysis inplush $/years, will not be afraid to add and buy bitcoin again.

[jvdp]

It does not panic , for beginners Should know basic to sell or buy, but by market analysis inplush $/years, will not be afraid to add and buy bitcoin again.

You are genius. You are in the right part.Any value price raise or fall is common fact.Three days before the price of bitcoin is around 4500$.Now the value is around 4000$.Only 500$ decreased. But just think the price of bitcoin is 500$.But today the variation is 500$.By this come to the conclusion.

[btc-facebook]

It does not panic , for beginners Should know basic to sell or buy, but by market analysis inplush $/years, will not be afraid to add and buy bitcoin again.

Based on my experience , bitcoin value always increase all the time so whenever it down, just hold it
Meanwhile BCH also attract my attention , I think whale trader try to manipulate bitcoin value with BCH ?

[mastadonballs]

Bitcoin's price is not stable , that's a fact known by all the community almost, but there is no need to panic because even if the price decrease for some time it will increase again after a while and maybe reach highest level. We just need to be patients.

But how many time for wait Bitcoin price comeback ? I can't waste my time and my funds to Bitcoin while have many opportunity earning Bitcoin with altcoin market. This is reason make me don't choose putting all my funds for holding Bitcoin.

[2double0]

According to what I've seen and learned about Bitcoins, the more it falls the more it tends to recover.
In lieu of panicking during the time of a dump or whatever you call it "a bubble burst", I think selling is not an option but closing your windows/tabs and stop watching is the best thing that I always prefer to do because panic will always make you take the wrong decision and you will regret in the future. It's good to wait than going wrong due to hastiness.

Yes, this is a common scenario with bitcoin, the price of bitcoin will increase to a certain level then drastically decrease and then increase back strongly to break the old price. But many people still panic and sell all their bitcoins, this is one thing I can not understand, it seems they do not trust bitcoin and they always regret in the future. With Bitcoin, I have missed many opportunities in the past because I panic selling but gradually I realized the price of Bitcoin will rise higher and higher, and from the time I realized that, I do not panic sell my Bitcoin, I always put faith in Bitcoin

One major concern I can see a lot of people taking to heart is that the higher the value of Bitcoin goes, the more money is ended to move the market. While having consistent patterns, such as increase > decrease > higher than 1st increase, increases confidence for future positive trends, it's harder and harder to have a higher value per Bitcoin because of the sheer amount of money needed to buy one; let alone multiple, for the average person. It mostly comes down to people like you holding that keeps the value higher imo, if there was a lot more movement in the market the value would likely have been kept lower. But that's just speculation on my part and in no way grounded in reality.

The money that you are talking about, is being circulated itself and it's not getting harder but easier taking into consideration the demand that is rising with the rise in price and decrease in supply as well. There were many exchanges who declared shortage of Bitcoins recently when pump happened and there was a rush to buy Bitcoins at any cost. Holding is a beauty imho because we won't be selling altogether suddenly which will keep the price inflated as well as stable at those levels. Whatever are your thoughts but faith is all we have in Bitcoins that it will be "something" which it is already. Everyone used to say that 1k is impossible for Bitcoins, and you can see the prices yourself. Bitcoin works silent and lets its success shout.

[GoodLuck2]

At the moment, bitcoin is very expensive and he has overcome several record marks.
But society is already ready for the fact that soon bitcoin will become cheaper. This is a pattern that always occurs

Thats true, as of now its too expensive to get some bitcoin and will sure correct its price and theres no need to panic because everytime bitcoin falls it will bounce back higher just make your plan on trading and for sure money will come to you.

Whenever I talk about trading I always use these words that being panic and losing patience is not a part of trading. Because it will distract you. And I will totally agree that this is one of the best features of bitcoin that when it falls it comes back higher than ever. Planning and right strategies are the two basic things to be successful in trading field. If its price is low then think it as your golden chance buy more bitcoin to use in future. Just take that time to buy more bitcoin and make strategies rather than being panic.

[madwica]

At the moment, bitcoin is very expensive and he has overcome several record marks.
But society is already ready for the fact that soon bitcoin will become cheaper. This is a pattern that always occurs

Thats true, as of now its too expensive to get some bitcoin and will sure correct its price and theres no need to panic because everytime bitcoin falls it will bounce back higher just make your plan on trading and for sure money will come to you.

Whenever I talk about trading I always use these words that being panic and losing patience is not a part of trading. Because it will distract you. And I will totally agree that this is one of the best features of bitcoin that when it falls it comes back higher than ever. Planning and right strategies are the two basic things to be successful in trading field. If its price is low then think it as your golden chance buy more bitcoin to use in future. Just take that time to buy more bitcoin and make strategies rather than being panic.

I think in trading there is no panic selling it is just active trading strategy of some users sell their bitcoin when they feels that bitcoin value is decreasing because we all know that every dump of value of bitcoin there is a huge pump that is why i do not say that is panic selling. That is only the strategy of some traders.

[Zadicar]

At the moment, bitcoin is very expensive and he has overcome several record marks.
But society is already ready for the fact that soon bitcoin will become cheaper. This is a pattern that always occurs

Thats true, as of now its too expensive to get some bitcoin and will sure correct its price and theres no need to panic because everytime bitcoin falls it will bounce back higher just make your plan on trading and for sure money will come to you.

Whenever I talk about trading I always use these words that being panic and losing patience is not a part of trading. Because it will distract you. And I will totally agree that this is one of the best features of bitcoin that when it falls it comes back higher than ever. Planning and right strategies are the two basic things to be successful in trading field. If its price is low then think it as your golden chance buy more bitcoin to use in future. Just take that time to buy more bitcoin and make strategies rather than being panic.

As a trader and as a experienced investor on bitcoin we would really see this price decrease as a golden opportunity for us to buy more cheaper bitcoin because we do know already on what happen on the past regarding price declines and price increase in bitcoin and as being said it may decrease its price but later on price do rise even more which is really a win-win situation for us if we dont really hesistate to risk on putting up our money on bitcoin.

[kemonojim]

No! ofcourse not,,actually it is the best time to produce or buy more bitcoin because that is the sign of bitcoin that it is increasing again remember the 2500$ prediction of 2018? bitcoin hit it earlier, it is just like this one the price of bitcoin will definitely hit 3000$ above in this year and more increase in 2018 for sure.

Exactly once. This is just some months we could see prices above $4 k bitcoin. Where if they are using bitcoin or investing (buy bitcoin) in months yesterday where you said this. It is definitely going to get a lot of advantages, even there is a great possibility that in the next year will increase price bitcoin is good. But for now it will be much more helpful that we also try to follow the development of the BCH, for in it I have confidence that BCH would be the strongest competitor to BTC.

[matanglawin]

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?

Bitcoin's price at this moment is high. The fork happened last month of August resulted to continues increase on its demand and price. Those who sold their Bitcoin during the dumps lost the opportunity to earn on this kind of moment. So it is better to hold our Bitcoin even if there's a backdrop because we can always expect that it will eventually increase after a short period of time due to high public and market demand.

[Aventhe]

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?

Bitcoins price has broken records for itself in the past few days, maybe a week. At this rate of development, I do not think that there should be any reason to fear anything in terms of investments.
Yes, the price did drop to ~$2300, but look at where we are standing right now - on an all time high.

I would not recommend to anyone to sell their bitcoins for some time in the future, unless you desperately need to. Holding it longer increases your margin of profit.

[pitham1]

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?

Bitcoin's price at this moment is high. The fork happened last month of August resulted to continues increase on its demand and price. Those who sold their Bitcoin during the dumps lost the opportunity to earn on this kind of moment. So it is better to hold our Bitcoin even if there's a backdrop because we can always expect that it will eventually increase after a short period of time due to high public and market demand.

People who sold last month before the fork must be kicking themselves. In the end, people who had strong stomachs have been rewarded. Weak hands are shaken out every once in a while. Holding for the long term is a good strategy.

[guoyu78]

As of today, I think it's better to hold on to your Bitcoin. If you look at the trend, for the past 2 weeks after the split. Bitcoin's trend continues to grow and there's a possibility that it can went up 10K$ by the end of this year. But, it will still depends on our own decisions if we are to hold or to transfer it. No need to panic, as we could see a bright future ahead.

That’s a sincere piece of advice indeed. Bitcoins are continuously pumping for last few weeks and there is much hope that they will maintain this trend till the end of this year. I don’t see any reason so far for panicking and letting your bitcoins go. Rather it is the time to hold them tight and enjoy the epic ride to sun.