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Author Topic: Bitcoin is Falling...Is it Panic Time?  (Read 27799 times)
seizetehday5
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November 09, 2017, 04:07:41 PM
 #1001

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?

Firstly preev.com is always behind on what the current price is so disregard that every time in the future. I think if you are going to panic on every dip that happens you will be panicking a lot in the next few years because as bitcoin goes up bitcoin will also go down. This is natural and only part of the natural movements that bitcoin will undertake. Lets take a pill and calm down people.
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November 09, 2017, 04:39:18 PM
 #1002

No if you also invest in altcoins you should be very happy because if bitcoin goes down other people who have invested a lot in altcoins will make huge profit and i am talking about millions of profit that is why the most people want it to go down.
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November 09, 2017, 04:59:17 PM
 #1003

If bitcoin price is falling down is not a reason to panic because bitcoin price is changing in everyday, but we are hopping after a while bitcoin price will rise again and again that's like what really happened at the present, bitcoin has a good value.
Yes, I'm just like you. When the Bitcoin value there are signs of decline or it has dropped a bit, it's not a bigest problem, we should not panic about that. As you said, bitcoin price fluctuates day by day, hourly, it can increase or decrease at any time. In the past, Bitcoin has dropped to about $ 500, people think it is going to die, but now things are different, Bitcoin has grown tremendously and made a record. There are many predictions that it will increase further in the future. If it's down, do not worry, Bitcoin is likely to bounce back.

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November 09, 2017, 05:01:56 PM
 #1004

Bitcoin is falling and i think that it is panic time for some people so you should cash out if you recently brought bitcoins.
If you buyed bitcoins a long time ago then i should keep them because the value might go to 10k.
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November 09, 2017, 05:32:11 PM
 #1005

Bitcoin is falling and i think that it is panic time for some people so you should cash out if you recently brought bitcoins.
If you buyed bitcoins a long time ago then i should keep them because the value might go to 10k.
no i don,t think so because when this post was made Bitcoin was falling before but then it went to $4,300 now it is falling again but I think it will rise back up to over $5,000 before crashing as everyone wants to see it get to $5,000 therefore chances are it will happen soon.
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November 10, 2017, 07:30:03 AM
 #1006

Bitcoin is falling and i think that it is panic time for some people so you should cash out if you recently brought bitcoins.
If you buyed bitcoins a long time ago then i should keep them because the value might go to 10k.
no i don,t think so because when this post was made Bitcoin was falling before but then it went to $4,300 now it is falling again but I think it will rise back up to over $5,000 before crashing as everyone wants to see it get to $5,000 therefore chances are it will happen soon.

I'm sorry, which $ are you reffering to?
According to my computer even preev.com shows $7,190 for a bitcoin.

And that's the lesson. OP started a few months ago wondering if bitcoin will ever reach $2800, you are talking about $5000 and it's still over $7000. And no, I don't think it will end there, it will go up again and again, but with sometimes a fallback.


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November 10, 2017, 08:39:49 PM
 #1007

If the price of Bitcoin is falling, you should not panic, you should watch your next step, if you are new to investment and do not know what to do, you will surely sell your Bitcoin and will say that there is no future for Bitcoin, that is if you wait that easy, however if you are a real investor, you know that it is time to buy bitcoins during a dip, since you'll get it at a small amount, and in time your investment will grow. If you do panic selling during a dip, better go back to the basics, and study investment all over again, as long as Bitcoin is there and a lot of people are investing in Bitcoin, you will see growth, and do not just look at Bitcoin as an investment, Bitcoin is also currency, and just like any other currency they have buying power, and Bitcoin as of now has the biggest buying power among all currencies be it Fiat or digital, so there's no reason why just a slight deep you'll panic.

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November 10, 2017, 09:05:57 PM
 #1008

If the price of Bitcoin is falling, you should not panic, you should watch your next step, if you are new to investment and do not know what to do, you will surely sell your Bitcoin and will say that there is no future for Bitcoin, that is if you wait that easy, however if you are a real investor, you know that it is time to buy bitcoins during a dip, since you'll get it at a small amount, and in time your investment will grow. If you do panic selling during a dip, better go back to the basics, and study investment all over again, as long as Bitcoin is there and a lot of people are investing in Bitcoin, you will see growth, and do not just look at Bitcoin as an investment, Bitcoin is also currency, and just like any other currency they have buying power, and Bitcoin as of now has the biggest buying power among all currencies be it Fiat or digital, so there's no reason why just a slight deep you'll panic.


Very correctly written. Now, indeed, many have forgotten that Bitcoin is a currency. For many, it is more an investment in the future. But speaking the truth I myself want to sell bitcoin for 15 000 and maybe more. Smiley  Cheesy Cheesy
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November 10, 2017, 09:18:39 PM
 #1009

I skipped these posts. The mongs are in complete force, it's part and parcel of trading. Only an insane person would expect a perpetual upwards trajectory.

This whole thread is evidence of that, the original post was back in June, if they had panicked and sold their bitcoin then, they would surely now be really regretting it with the price rises that have occurred in the last months. This just shows that the answer is never to panic, ride out the storm and profit.

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November 10, 2017, 09:29:10 PM
 #1010

If the price of Bitcoin is falling, you should not panic, you should watch your next step, if you are new to investment and do not know what to do, you will surely sell your Bitcoin and will say that there is no future for Bitcoin, that is if you wait that easy, however if you are a real investor, you know that it is time to buy bitcoins during a dip, since you'll get it at a small amount, and in time your investment will grow. If you do panic selling during a dip, better go back to the basics, and study investment all over again, as long as Bitcoin is there and a lot of people are investing in Bitcoin, you will see growth, and do not just look at Bitcoin as an investment, Bitcoin is also currency, and just like any other currency they have buying power, and Bitcoin as of now has the biggest buying power among all currencies be it Fiat or digital, so there's no reason why just a slight deep you'll panic.
Almost more than $1300 dropped in previous few days, but still we cannot consider it as panic selling, because this is not such a big drop for bitcoin and bitcoin has the potential to recover such drop in few hours, I think it is the correction that is what we were expecting. We are hopeful that very soon the price of bitcoin will recover its position, because bitcoin still have to continue increasing and we are expecting the price to cross 8000$ in next few months. Therefore the investors are still too much confident to hold their bitcoin for next few months.



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November 10, 2017, 11:47:14 PM
 #1011

No it is not falling if you watch the price everyday you have noticed that it goes up and down up and down this has been happening for a couple of days i think because of the fork coming up it will go very high or very low.

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November 11, 2017, 12:09:14 AM
 #1012

This is a joke. Why? Is there such a perfect time to go panicking? Panic is a reaction that will not do any good in any kind of situation. It will only block your mind from working. That is why here in crypto world, losses and draining of investments happen because some people are weak and go emotional as soon as there is some serious dips in prices. Bitcoin falling is a time for reason to work and not for emotions.

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November 11, 2017, 12:20:01 AM
 #1013

This is a joke. Why? Is there such a perfect time to go panicking? Panic is a reaction that will not do any good in any kind of situation. It will only block your mind from working. That is why here in crypto world, losses and draining of investments happen because some people are weak and go emotional as soon as there is some serious dips in prices. Bitcoin falling is a time for reason to work and not for emotions.
Emotions are always in the trade and this is not a joke,panic sell is always there in everybody but not in the rich.Do not ask why everything must have known rich people obviously a lot of money,but did not rule out they also sometimes panic sell.Happens and this is not a joke,it's better not to panic because the emotion must be set dude Wink.



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November 11, 2017, 12:33:41 AM
 #1014

This is a joke. Why? Is there such a perfect time to go panicking? Panic is a reaction that will not do any good in any kind of situation. It will only block your mind from working. That is why here in crypto world, losses and draining of investments happen because some people are weak and go emotional as soon as there is some serious dips in prices. Bitcoin falling is a time for reason to work and not for emotions.
Emotions are always in the trade and this is not a joke,panic sell is always there in everybody but not in the rich.Do not ask why everything must have known rich people obviously a lot of money,but did not rule out they also sometimes panic sell.Happens and this is not a joke,it's better not to panic because the emotion must be set dude Wink.
We should always try to control our emotions. If you are seeing the market of bitcoin is falling down and you can't resist to sell but you still want to hold it then take a break and go on for a vacation because that will help your mind to separate from thinking of selling bitcoin to relaxing and focusing on other stuffs. It is better if you will just buy at the dips and hold for long term because bitcoin in the next year could possibly reach $13,000.

pentol86
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November 11, 2017, 12:40:34 AM
 #1015

op post in june, when bitcoin price between 2,3k usd.. and its before first hardfork. mostly bitcoin investor not affected with that situation. but yes in small comunity, they just want bitcoin profit, so they sell when bitcoin starting down. and for holder, now they enjoy the profit. same condition with  other crypto.

                           
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November 11, 2017, 02:43:49 AM
 #1016

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?
Surprisingly, after five months, the current price of Bitcoin is $ 6800, decrease  $ 600 after two days. This can be seen not to worry. This is just a price adjustment. Decrease to increase.

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November 11, 2017, 02:46:39 AM
 #1017

We all know how Bitcoin works price falls then go up again but this case if ever Bitcoin will keep n going down i still not going to sell my saved Bitcoins because i believe with the potential of Bitcoin.

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November 11, 2017, 02:58:36 AM
 #1018

losses are just a waste of opportunity because the coins they will sell at lower prices. more price declines to buy coins but bitcoin prices will retain it again and keep on increasing. Now they have to buy at a much higher price than they do on the coins they sell when the price goes down to take advantage of the extraordinary rise.
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November 11, 2017, 05:55:48 AM
 #1019

If bitcoin falls, you will want to purchase cash at a cheap price so that you can then have more make money from the price improve. Newbies mistakenly panic and shed the chance to earn selling their coins.
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November 11, 2017, 06:17:00 AM
 #1020

We all know how Bitcoin works price falls then go up again but this case if ever Bitcoin will keep n going down i still not going to sell my saved Bitcoins because i believe with the potential of Bitcoin.



It's a cycle of pumping and dumping and everyone knows about it. I am not surprise if the price still decrease tomorrow. It just decrease for the mean time and nothing to worry about nor panic. Some people do panic selling if bitcoin keep on decreasing, and just like you, I'm not gonna sell my bitcoin. This is the right time to hold your coins and buy more bitcoins.

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