Bitcoin is Falling...Is it Panic Time?

[Humvee998]

Everybody or most people here believes that its gonna bounce back up again, in which I agree by the fact how btc is rigged and how the economy fundamentals comes into play. But the real question here is, how long will it take this time to recover? Are you prepared to sustain long bearish market? Study BTC all year price chart coupled that with recent events in China, you should roughly be able to predict how long it gonna be able to recover this time.
Your prediction should be even more accurate when Chinese government reveals what really their plan is. Right now I would say that we should monitor first what going on in China and better remove faith out of the equation.
I have my own research and study and I suggest you do your own and don't just listen to fortune tellers here.    

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[JamesIV]

at the time you post this I think we dont need panic. But this time is differece

[mel0924]

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?

No, I am still holding my coins because bitcoins will still rise its value in the near future. Anyway, I have still my signature campaign here so I can still earn bitcoins. That is the fact that value of bitcoins will rise up and go down, after this falling down of price I know it will rise up.

[joromz1226]

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 you believe that bitcoin has a brighter future, even its dumped the price value. It is not a sign for us to get panic, but it is a signal for the bitcoin belivers to buy more of bitcoin as long as you can afford to buy in. Then hold your coins until it will go up again or resume to the original value.

[seattletu]

Right now its very obvious, contrast with the past value the bitcoin is high. From $400 to $4,900 I figure we don't have to fear, as what I watched it dump yet it simple to recover.And another reason is the news that will occur in coming days, perhaps others are panic, so they offer their bitcoin to ensure that they have a profit, in this circumstance the cost goes down. For me, the bitcoin market works great and now they have to move up to give a decent support of the client, so don't freeze, its for our gain.

[kamikadze69]

No. I advise you not to panic sell (if you have bitcoin). we have to look at what happened to bitcoin in the past, and I think all the dumps that are happening right now are only temporary.

[Mozdalifa17]

now the price of bitcoin recover back up to 3,912 $ , it is very good time for whales to accumulate cheap coin where everyone afraid to trade . always stay positive with patience to get profit .
 

[Flodemaga]

Whales did played very well with the China news about ICO as well possible banning exchanges, but its not forever, they just wanna have control over the money being invested and not to clean ilegal money as looks like were happening very easy. Bitcoin havent readjusted its value since the 1 September after the segwit incorporation process.

[Osarman]

oh no bitcoin is huge dump I think some traders are panic selling, lucky that I sold my bitcoin in 4,600 before huge dump, It's time to buy bitcoin now.

There is no need to get worried by these little dumps, they are just the ways of bitcoin’ to offer us opportunities of holdings more of them in order to have greater profits. Bitcoin are very likely to touch 5k dollars in the coming months and selling bitcoin right now is equal to missing the opportunity of high profit.

No I don’t think so that it is panic time if price of bit coin is falling. One must not get feared of these little fluctuations in the market. In any market, such sort of things are going to happen again and again so one must not panic by facing these situations. He should rather be patient and hold his investments till bit coin reaches again its actual value.

[citizenh-ssd]

Bitcoin is falling and yet for me no need to panic because we all know that when bitcoin fell down it will surely bounce back and can make a new all time high. So for me this is an opportunity to make more money.

Of course, bitcoin after the fall will grow again and bring a big profit, you just need to be patient. Recently, the panic was due to bad news in China, but this will be temporary.

[mel0924]

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?

No need to get panic when the price of bitcoins falling down because time will come it will rise up and up much higher than before the price went down instead when the price of bitcoins is low it is the best time to buy more bitcoins and hold it in the wallet.

[fullypak]

It is not panic time it is just falling. Bitcoin is a bit of stable so it can not fall to zero in one day maybe a 1000 dollars at a hard time. I would save my bitcoins and even buy some btc.

I would sell it when it hits 4500 dollars and then invest again with the money i made.

Yes this is not panic time this is a good time to collect bitcoins. Already more than $600 dump we had seen from last three days. If it continues means it may have a chance to come down $3500. If we start to buy bitcoins now when next pump happens min $1000 profit we can make by one bitcoins.

[poetra2501]

Bitcoin is falling and yet for me no need to panic because we all know that when bitcoin fell down it will surely bounce back and can make a new all time high. So for me this is an opportunity to make more money.

Of course, bitcoin after the fall will grow again and bring a big profit, you just need to be patient. Recently, the panic was due to bad news in China, but this will be temporary.

Yeah I agree with you, we just need to be patient don't be panic when prices Bitcoin fall as now,
because we know that every price Bitcoin is falling then the Bitcoin will rise back to high prices again.

[MoreFun]

I think the rate will fall to $ 3,200 on panic
will see 

[TravisNeko]

Yes i think it is. because bitcoin went in 3 days from 4.5k to 3k because China banned bitcoin. But i think China will allow bitcoin again in the future. Like about a year or something then bitcoin will rise again.

[Rana590]

I do not think this is any reason for panic. Unstable price is one of the main characteristics of Bitcoin. And despite the small price decline I'm sure that Bitcoin will continue to grow further. So when Bitcoin's price falls, it's time to buy it, not to sell.

I think your guess is right. We shouldn't panic for seeing the price of Bitcoin. A coin can be pump or dump any time. Bitcoin is not exceptional bedside it. We should wait for it's big price. Seems it will be hit again good price in the last of this year.

[Gozie51]

I do not think this is any reason for panic. Unstable price is one of the main characteristics of Bitcoin. And despite the small price decline I'm sure that Bitcoin will continue to grow further. So when Bitcoin's price falls, it's time to buy it, not to sell.

Exactly, the downwards are always time to wait for the better and  proper signals to buy both paper money as in forex and cryptos so as to follow in the ride to bullish trend, by this you make good cash. Also, when prices are very high, that is the time to off load and wait to ride again  

[Beparanf]

Unfortunately it's too late to off load now,so I will just join the ride. My btc savings been in a circus now. I will just let myself believe that it will recover and I know it will really recover.

[andthereyou]

Unfortunately it's too late to off load now,so I will just join the ride. My btc savings been in a circus now. I will just let myself believe that it will recover and I know it will really recover.

Its amusing when you say that " its late to off load now"  I think you did not put a stop lose to your BTC investment.
Anyway I also believed that it will recover anytime soon. 
In my own analysis there's a probability that it will go down to 2200-2700USD range as support in the graph.
Let's just wait when it will stop decreasing then after that let's buy after it starts increasing. 

[bgibso01]

I think this is more of a correction.. somewhere till 2700.. then we will move upwards..