Bitcoin is Falling...Is it Panic Time?

[kimdomingo]

No one should panic every time the bitcoin price is going down. As investors we should always trust and have hope the the price will increase no matter how low it is at the moment. We have seen that the price went so down on the first months of 2018, but now it is eventually growing again which is a good news.

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[Amajaa]

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?

I do not panic im holding my bitcoin till i gain with my investment, thats why i invest i want profit and not to carry away with fud and my emotion..  Prices go up and down and if jt its falling doesnt mean it wont rise again.. Weak hands lose more.

[lifengpu]

when prices decline many panics not only about bitcoin, but also other currencies, at such a time it is better to have patience to wait out this moment

[Captainfalkar]

Well I am long enough in the game to know that usually when bitcoin is falling it is not panic time and it will eventually go up, hey thats bitcoin right.

But the part that makes me questions is when it falls the next time how long does it take to get back high?, China just announced that bitcoin is officially a treat to the banks of China, this will make people sell their bitcoin, usually people from China, when it falls people will buy from the west and it goes up again, bitcoin is here to stay and go to the freakin moon

[Wylie330]

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?

I do not panic im holding my bitcoin till i gain with my investment, thats why i invest i want profit and not to carry away with fud and my emotion..  Prices go up and down and if jt its falling doesnt mean it wont rise again.. Weak hands lose more.

Yes, I agree. Bitcoin has fallen all over and over again but it doesn't mean it will be gone. The crypto market is now getting stronger and stronger. The world won't stop the evolution. We should just keep patient and do not worry too much about the news spreading all over the internet. They are just making fears for those beginners who don't have a strong belief.

[kuruyama]

Rise and fall of bitcoin prices is common, if you are already familiar with bitcoin for more than a year then you will buy if bitcoin prices go down, this often happens and never panic when prices drop, be patient that bitcoin prices will going up again. Well I am long enough in the game to know that usually when bitcoin is falling it is not panic time and it will eventually go up, hey thats bitcoin right.