Bitcoin is Falling...Is it Panic Time?

[Choyor]

Naturally, if we feel panic when the price of Bitcoin experienced a very low price, especially for Bitcoin users who have a large stock or assets in the form of Bitcoin, I think in the current conditions where the price of Bitcoin is at the lowest point is We must reduce our panic so as not to interfere all the schemes we have collected from the beginning, and are always optimistic.

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[Manuj]

For sure, one of the reasons why Bitcoin is going down is the decisions of the people with weak hands. They are having some rounds of panic selling for sure. For me, I don't belong to them. I am fully on the side of Bitcoin and on the side of crypto. Let us all unite and catch the weak hands. They are selling cheap coins. Time to acquire more. Take note that the prediction remains, Bitcoin is $50,000 in 2018.

[kuruyama]

No its not panic time, its buying time! because of its price now it is really a good time to buy it may be low for now or for long but when time comes when bitcoin price spikes up again youll receive big profit. So i suggest not to panic. But its still up to you its a matter of risk taking. After all its either you lose or you can win it back again next time.

[nakamura12]

Even if i'm new to bitcoin i don't panic because you can't predict if the price of bitcoin will drop straight to the bottom you may be shocked if bitcoin right now is 3000$(example) then you didn't realize that the price of bitcoin on the next day or next month any day any month any year that the price of bitcoin reach to it's peak or even more so only time can tell.

[JRoa]

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?

We dont need to panic remember bitcoin died a lot of timws but it is till rhe best cryptocurrency that have a strong and have a potential to increase more so dont sell when bitcoin is too low wait and hodl this until it pump.

[xhienigat]

We should remember that the more we panic the more bitcoin will FALL so just HODL and stop looking in your portfolio. I understand that its not a good sight when you see everything is in red but we should expect that since the crypto market is very volatile we can't expect it to be green all the time, that is why we need to study and learn how to trade correctly so that we know when to get in and get out. With bitcoin a lot of FUD news is happening right now and that is the reason why it keeps on dropping. Do not lose hope, this scenario has been going back and forth so just hold on, bitcoin will climb up and moon. Those who are patient will be rewarded and those who panic will lose.

[bololord]

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?

When bitcoin fall , don't panic instead think positive , always think that it is normal to happen .We should wait patiently until it turns to a higher amount.Don't loose your hope , soon you will see the good result of it.

[Fulmand]

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?

When bitcoin fall , don't panic instead think positive , always think that it is normal to happen .We should wait patiently until it turns to a higher amount.Don't loose your hope , soon you will see the good result of it.

Well panic is only for those who didnt believe in bitcoin because bitcoin.For me i believe in bitcoin so i tbink this is the right time for  me to buy many bitcoin and sell it if the price get rise we dont have to be panic on this moment arround because this is really nature on bitcoin feild droping of price is really a part of it just think positive.

[Karmakid]

Just think positive when Bitcoin price is dropping for me I don't really panic when the price is dropping low,
I am just thinking about the positive sides,Like I could buy some while the price is low or I know this price would go up because there would be a huge investors who are going to take this opportunity to buy while the price is down.

[Kolly]

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?

For me I'm going to hold my bitcoin I'll wait until bitcoin going up again but I'm getting nervous rightnow because its getting lower.I hope that this coming days bitcoin will be back in a higher value.

[GeniusAko]

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?

Always remember that panicking can lead you to do bad decision. If you want to become successful, then you should focus on how you will control your emotion for yout to avoid panicking.

[gigusico]

I think that yes, for many this is a panicky time and they do not think sensibly and they all sell out because they are not sure that the prices will go up again, but as for me it is better to show a little patience and wait this period

[Cryptoprobro]

Bitcoin falls, then bitcoin rise. It's the volatility on the price of bitcoin that creates opportunity.

[GlobalICOFund]

Time and time again day traders talk about removing emotions from the equation. Although it hard not to be euphoric when bitcoin goes up 30% you need to be especially calm when it goes down. Thus create different situations out outcomes to reduce the panic. For instance:

If crypto drops, how will I react? Will I hold? Will I buy more? Can I buy more? Do I have fiat on the guidelines ready?
If crypto goes up, how will I react? Will I sell? Will I hold? At what level will I sell?

There is a youtube channel called Cryptoinvestor where the guy talks a lot about his thoughts when he invests. Irregardless of if you think they are good or not it is a great practice to see how others do it:
https://www.youtube.com/channel/UCTKyJALgd09WxZBuWVbZzXQ

Also a podcast called Let's talk Crypto just released a good episode on the subject:
Episode 013 - Market crash lessons learned
https://schoolofcrypto.com/

So to answer the question: Never panic! Always stay calm. Do your best to keep emotions out of the equation and prepare for every situation. And if you still can't stay calm and start panicking, maybe you should consider scaling down the position.

[zander09]

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?

Always remember that panicking can lead you to do bad decision. If you want to become successful, then you should focus on how you will control your emotion for yout to avoid panicking.

Panic is the wrong move we can do in crypto world, just keep calm if you want to be success, dont let your emotion control you, you need to control your emotion to be come a successful.

[MrCrowley]

Panic is the stupidest thing that the community can do in our situation. Someone is just pumping and dumping BTC price relying on the bad News power.
The mission of community is to bring the stable price for BTC to USD pair. So that Bitcoin could be the winner and world-wide currency that is recognized by all sizes of business.
So, don't panic, just HODL and buy for little.

[lucianus_luciferus]

yeah just hodl

like this guy

https://chain.so/address/BTC/37Tm3Qz8Zw2VJrheUUhArDAoq58S6YrS3g

[boonsterx]

Fundamentally bitcoin did not changed. Some governments will impose regulations and there will also be some companies
within the crypto community that will be found to be committing fraud or are just ponzi. Is this any different from the global
fx markets?

There are plenty of ponzi schemes, illegal money laundering and scams in the global fx trade but it is a trillion dollar daily
volume market.

Bitcoin will go up and down but it has gotten the acceptance of the world, whether it is a form of payment of assets, it does not matter.
Bitcoin and most of the cryptos will survive and flourish.

[BTCtrader9]

And it's that time of the year again.

The same has happened in 2017,2016,2015 and so on..
Weak hands panic and sell, while strong arms put more money into this opportunity and benefit from it.

Crypto is all about the ups and downs, when you enjoy 50% and even more profits, you can definitely be patient when it goes down at same rates only to come back again stronger.

[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?

Always remember that panicking can lead you to do bad decision. If you want to become successful, then you should focus on how you will control your emotion for yout to avoid panicking.

Panic is the wrong move we can do in crypto world, just keep calm if you want to be success, dont let your emotion control you, you need to control your emotion to be come a successful.

Instead of letting your emotion to control you and have a panic selling mindset, why not become opposite of that and just buy the dips and keep holding for long term because if you will just buy at the dips and hodl them then you have a high chance that if the bitcoin market comeback then you will have a huge amount of profits just because you bought at the dips.