Bitcoin is Falling...Is it Panic Time?

[Osarman]

I missed these threads. The mongs are out in full force, it's part and parcel of investing. Only an insane person would expect a perpetual upward trajectory.

I agree with you. It is stupid to think of bitcoins' prices shooting up straight at an angle of 90 degrees. That's why I keep on telling people to keep their feet on the ground. The dip has zero effect on me because I have never fooled myself with false hopes.

[taktik]

I missed these threads. The mongs are out in full force, it's part and parcel of investing. Only an insane person would expect a perpetual upward trajectory.

I agree with you. It is stupid to think of bitcoins' prices shooting up straight at an angle of 90 degrees. That's why I keep on telling people to keep their feet on the ground. The dip has zero effect on me because I have never fooled myself with false hopes.

But if someone predicts real things and this is all done, then why should not one believe in such situations? The fact is that until today almost all the forecasts regarding the price of Bitcoin were justified. I think that this trend will continue even further. Even today's drop of Bitcoin also predicted And I hope that after that there will be good growth by the end of the year.

[Akash1243]

I didn't so much for the dump as there always ups and downs it is foolish to think that bitcoin will keep on increase like anything without facing some dumps.I thought it as a opportunity to buy some more bitcoins.I also think so that there is anything to panic about this is how Bitcoin goes it is volatile and unstable so it is normal to have some dumps.

[doothewop]

I remember, back in the day, thinking each movement
of BTC meant something dire. I'm glad I grew and learned
that this is natural volatility and there is nothing to be
gained from making hasty rash decisions on every small dip.

Cool heads prevail.

[youdacapt]

I didn't so much for the dump as there always ups and downs it is foolish to think that bitcoin will keep on increase like anything without facing some dumps.I thought it as a opportunity to buy some more bitcoins.I also think so that there is anything to panic about this is how Bitcoin goes it is volatile and unstable so it is normal to have some dumps.

it seems that bitcoin prices are slowly rising, in my opinion, bitcoin in the past is not as strong now as it is much more sensitive in response to any news that happens, we do not need to panic because whales will happily buy your bitcoin and remain optimistic about price increases. China banning ico is not the end of everything except ico banned by all countries in this world.

[Eugenar]

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?

Dipping is normal and is a part of Bitcoin volatility. All crypto are dependent on each of its market demand so deflations are already expected. It's a matter of supply and demand. Backdrops like this shouldn't affect its users and investors if they want to earn money. It often happens and they should compel into holding their Bitcoin to make their profit huge.

[aardvark15]

No bitcoin will rise and fall you can make a few cash from these falls but don't forget to rebuy drops last only for little time and panic shouldn't occur because i am sure the price will not fall below 2000$ ever again just hold your coins any fall occurs don't panic just wait for the price to rise

Been here for so long and the panic is normal to people who does not really understand how bitcoin move, for some it's bad but for the whales it's good as once again they will be able to accumulate cheap bitcoins when they can sell for a profit in just a short period of time.
They are successful because they think different from the weak hands and if we always want to be successful we should think the way they do.

Yes those of us that have been around for a few years know that it the price jumps up too fast, it will fall. It is not only not a surprise but it is expected. Bitcoin is still going to be volatile for a long time probably so I see the drops as more of a time to buy. I think it will be a long time before the price stabilizes to just a slow gain over time.

[Roman Abraham]

I think this is how big players make profit, wait for the price to go  down and when everybody is selling, they buy everything. Buy low sell high, or not sell just accumulate. They buy the panic and fear of weak hands.  Happy trading! 

Yes, Most people do choose to do this, they buy bitcoin when it is cheap and sell it when the price is expensive, this is more profitable. but sometimes trading has a big risk too. because we all know the bitcoin price continues to fluctuate and I can get the price down. when it happens it is not the profit they will get but the losses are quite large, moreover they have used the much money for buy the bitcoin.

[prtty2gal2]

I dont think it is a panic time if falls, as it is volatile in nature its prices increases or decreases which is common. So if it is low just hold them and keep patience and when it is up again can sell it to gain profit.

First of all, the topic should have something like "When Bitcoins Fall" in it. OP scared me a little bit when I read the topic for the first time. Dip is actually a chance to increase the amount of bitcoins in our wallets so only newbies with little or no knowledge would panic under such circumstances.

I have also objection on the topic. It doesn’t fit in the current scenario when bitcoins are on peak. Moreover it is never wise to get panicked with bitcoins. They are evergreen investments and can anytime reach the highest values of the crypto world. We just need to be careful with bitcoins.

[Forbiddenone]

I dont think it is a panic time if falls, as it is volatile in nature its prices increases or decreases which is common. So if it is low just hold them and keep patience and when it is up again can sell it to gain profit.

First of all, the topic should have something like "When Bitcoins Fall" in it. OP scared me a little bit when I read the topic for the first time. Dip is actually a chance to increase the amount of bitcoins in our wallets so only newbies with little or no knowledge would panic under such circumstances.

I have also objection on the topic. It doesn’t fit in the current scenario when bitcoins are on peak. Moreover it is never wise to get panicked with bitcoins. They are evergreen investments and can anytime reach the highest values of the crypto world. We just need to be careful with bitcoins.

bitcoin is never on peak,bitcoin price will continue to rise as blockchain technology is spreading across the world.i think currently its the best time to grab some bitcoin due to recent whales dump game.its better no to hold bitcoin for long as it will not help anything but increase your curiosity ,yes price will pump but its better to trade in meanwhile to increase the quantity.

[shezu007]

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?

Backdrops usually and oftenky happens. Bitcoin is volatile, change on its price is always expected whether it will increase or fall. Ofcourse, those who are not new on this 'business' will say that we don't need to worry because eventually, it'll be back to normal, which is indeed true. After consecutive dumps, Bitcoin now reached approximately 4100$ and will still be increasing for the next years to come. So we don't need to panic  just be patient and see for yourself what will happen.

Prices never fall in bitcoin because it is always goes very high if you are talking about fall then it will never goes fall once again it will touch 10,000USD because we know that prices of bitcoin are like running sea it is going and going so we can say that bitcoin is most successful currencies in prices it is doesn't even concern to volatile.

[c++btc]

It's a no for me the falling of the price of bitcoin means that many traders trade this token until now,. as you can see the price of the bitcoin now is like 5000$ more. so you'd better to save more of this coin or regret in the end.

[Sanugarid]

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?

Again, decrease on its value is not new. It often happens as it is already normal, because Bitcoin is volatile, and it is part of its volatility. Since Bitcoin market value is dependent on the demand, we can't avoid experiencing backdrops as what you have mentioned. You should hold your Bitcoin more especially if your goal is to earn bigger income. No need to panic, fluctuations are normal in an open source system.

[saheng]

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?

If the cause of the decline is partly due to a newcomers, I will hold it in bitcoin to help each other advance the economy. bitcoin is falling I am not panic because bitcoin not my main income. I used the benefit of bitcoin for real business capital like invest or etc.

[d4z]

It's still a very good time to invest in it. More and more countries will use it as an extra currency so it will still go up.

[a4ndr3w]

I think this is how big players make profit, wait for the price to go  down and when everybody is selling, they buy everything. Buy low sell high, or not sell just accumulate. They buy the panic and fear of weak hands.  Happy trading! 

You're right. Sometimes the big players provoke this situation as in 1929.

[Meowth05]

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?

Nope, there's no reason for me to convert my bitcoin unto the another digital currency because falling of bitcoin is just normal. That is one of the characteristic of bitcoin, being volatile meaning anytime its price could change suddenly that's why expect the unexpected. I believe that thou shall not have faith in bitcoin will not gain a high profit.

[nidacoinlove]

I dont think it is a panic time if falls, as it is volatile in nature its prices increases or decreases which is common. So if it is low just hold them and keep patience and when it is up again can sell it to gain profit.

First of all, the topic should have something like "When Bitcoins Fall" in it. OP scared me a little bit when I read the topic for the first time. Dip is actually a chance to increase the amount of bitcoins in our wallets so only newbies with little or no knowledge would panic under such circumstances.

I have also objection on the topic. It doesn’t fit in the current scenario when bitcoins are on peak. Moreover it is never wise to get panicked with bitcoins. They are evergreen investments and can anytime reach the highest values of the crypto world. We just need to be careful with bitcoins.

Yeah believe that currently the bitcoin price can be considered on it's peak, though it has dropped a little but still it is a good time for bitcoin users. Some of the people may get panic because of the current miner dip in the bitcoin price which almost has been recovered but still there are people with less experience with bitcoin and for them such a time must be hard.
I think it is essential to provide support and knowledge to such people who gets panic very easily with a little dip in the price.
My personal opinion about the bitcoin price is that we are at a very good stage and there is no need to be panic with these little dips in the price, we know that the bitcoin future is a brighter one.

[poetra2501]

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?

Nope, there's no reason for me to convert my bitcoin unto the another digital currency because falling of bitcoin is just normal. That is one of the characteristic of bitcoin, being volatile meaning anytime its price could change suddenly that's why expect the unexpected. I believe that thou shall not have faith in bitcoin will not gain a high profit.

Yeah I totally agree with you that price Bitcoin is always volatile, and if the price sudden drop
happened then it is reasonable, we don't be panic to sell it, we just hold until the price is back to normal.

[Rhosadah]

As a Bitcoin trader who has known Bitcoin for so long, we certainly understand very well that the rise and fall of the Bitcoin price movement because of the fundamental factors of media coverage in the media is not surprising. Usually, in the event of a price reduction, conditions will not last long or are temporary.as time goes by, when good news comes about Bitcoin, prices will usually tend to rise again. Plus, Bitcoin is a virtual currency that is traded globally, not just in China alone.this may make the price of Bitcoin in China fall and cause a domino effect to other exchanges, but we need to remember that the status of demand for Bitcoin from the world community remains high. Therefore, we should not quickly panic.the odds we can take from Bitcoin's declining price to make a profit are, by buying Bitcoin at a low price for resale when prices soar.