I'm panicking, tell me it will be OK...

[ladydark]

I could understand your feelings.But we have seen lots of such situations before and lots of rumours spread by big whales to just pump their coins.At last,most people realized that their fear of losing was just a waste.Same thing would happen this time also.All these dust will get settled down shortly.So be patient and just hold your coins. 

[damon78]

if you cant take the heat gtfo the kitchen

[gentlemand]

Try sitting through 2014. Everything after that is officially diagnosed as fuck all.

ETH was $10 a few short months ago. If you've lost sight of that then it's better to get that sight back rapidly. People have become far too comfortable with some genuinely ludicrous valuations, especially when it comes to alts.

BTC could easily fall back to low $1000s. So be it. As long as it stays healthy it'll rebound some day.

No one can tell you anything or reassure you. You have to be the one to decide.

[btc_angela]

if you cant take the heat gtfo the kitchen

Lol. I think with regards to begin, the price dip has already subsided. Today there is a positive response from the casual investors. It is now green. And if the OP has sold already because of 2 days of dipping, then you have lost opportunity. But if not, then this is a example of how the crypto market works, you will see from time to time a dip then suddenly it will recover pushing the price to go strong again.

[Kevin77]

whether you sell to fiat, change to alt (which is down as well), HODL for long term to have it recovered later, hedge it with short future contracts are all depends on what you want, and your strategy.  But at least for now, btc and altcoin are in bearish trend.

Not a good suggestion to ask for going into alts. Because there were coins they have never got chances to recover after big dumps. There will be no meaning of how long you will be holding them. But sometimes few highly established altcoins may start to recover but it is just a gambling.

My recommendation must be, keep on holding bitcoins for the same longer haul. It will definitely get recover in more quicker time compared to any altcoins.

[bitllionaire]

whether you sell to fiat, change to alt (which is down as well), HODL for long term to have it recovered later, hedge it with short future contracts are all depends on what you want, and your strategy.  But at least for now, btc and altcoin are in bearish trend.

Not a good suggestion to ask for going into alts. Because there were coins they have never got chances to recover after big dumps. There will be no meaning of how long you will be holding them. But sometimes few highly established altcoins may start to recover but it is just a gambling.

My recommendation must be, keep on holding bitcoins for the same longer haul. It will definitely get recover in more quicker time compared to any altcoins.

i think no need to invest your bitcoin anywhere else. you should only hold your bitcoin firmly and i am sure that you will get a very good profit after some time. because there are more chances that the price of bitcoin will increase more and more.

[Mpamaegbu]

If you've been really trading for more than a year, you should definitely know that this drop is only going to be temporary

I've watched a few $100 drops before, but a few things are different this time:

A) I never held enough for it to affect me too much
B) My alt bags used to pump when BTC dropped
C) This is REALLY starting to feel like a bubble

It's the last one that killed me as I'm not sure how the bursting of said bubble would affect my bags long term.

With that said, I think it's a mistake to assume BTC will do nothing but rise in the future.

Yes, it was a huge error of thought on your part to have reasoned that way. Every businessman makes  provision for loss such as what you are experiencing now. It's part of business and a crucial part of profit making/sharing. It shouldn't be all rosy at all time. Even with the current position of the cryptos, it is most likely the coins will further depreciate till the end of July.

[wuvdoll]

Usually I prefer to stay away only from fluctuating market and current market situations are giving good buying opportunity for any trader who has faith on bitcoins.

Rather than staying away from market, it would be good to go for buying time to time when seeing a new lower prices. When we cannot be sure about the bottom prices, it would be good idea to buy in average then no worry of never will be seeing a new lower prices.

Yes this must be the right time to buy back some more bitcoins if you have booked some big profits in the range of $2700 and above. But I do see many traders are waiting for the prices to hit $3300 and $3500 to book short-term profits but unfortunately markets made the turn within $3000 price levels so most of the traders have missed to book profits at high prices.

Still there will be no wrong to arrange new funds to buy more bitcoin to save for some long period.

[hurain]

Usually I prefer to stay away only from fluctuating market and current market situations are giving good buying opportunity for any trader who has faith on bitcoins.

Rather than staying away from market, it would be good to go for buying time to time when seeing a new lower prices. When we cannot be sure about the bottom prices, it would be good idea to buy in average then no worry of never will be seeing a new lower prices.

Yes this must be the right time to buy back some more bitcoins if you have booked some big profits in the range of $2700 and above. But I do see many traders are waiting for the prices to hit $3300 and $3500 to book short-term profits but unfortunately markets made the turn within $3000 price levels so most of the traders have missed to book profits at high prices.

Still there will be no wrong to arrange new funds to buy more bitcoin to save for some long period.

yes no doubt that it is the right time to invest more money in bitcoin, i think the price of bitcoin is trading in very reasonable price and hope that it wil surely five your  a very good profit therefore i think purchasing bitcoin in current price will be more profitable.

[knightmairesaint]

Usually I prefer to stay away only from fluctuating market and current market situations are giving good buying opportunity for any trader who has faith on bitcoins.

Rather than staying away from market, it would be good to go for buying time to time when seeing a new lower prices. When we cannot be sure about the bottom prices, it would be good idea to buy in average then no worry of never will be seeing a new lower prices.

Yes this must be the right time to buy back some more bitcoins if you have booked some big profits in the range of $2700 and above. But I do see many traders are waiting for the prices to hit $3300 and $3500 to book short-term profits but unfortunately markets made the turn within $3000 price levels so most of the traders have missed to book profits at high prices.

Still there will be no wrong to arrange new funds to buy more bitcoin to save for some long period.

yes no doubt that it is the right time to invest more money in bitcoin, i think the price of bitcoin is trading in very reasonable price and hope that it wil surely five your  a very good profit therefore i think purchasing bitcoin in current price will be more profitable.

I agree with that, it will be an opportunity to buy bitcoin at lower prices compared from these past few months, I think even with high price, some tried to buy bitcoin because it has been a trend and its sudden rise had become a big influence. Many are feeling uneasy because bitcoin’s price have been going down but I think that it is just normal. Bitcoin’s price had a sudden increase and there is no doubt that it can also have a decrease anytime. That’s how volatile bitcoin and the other crypto currencies are.

Still, many are still having doubts of keeping bitcoin from now on because of the news about August 1. It is very alarming and it is also influential that I think may would convert their bitcoin to fiat just to make sure.

[Siren]

Usually I prefer to stay away only from fluctuating market and current market situations are giving good buying opportunity for any trader who has faith on bitcoins.

Rather than staying away from market, it would be good to go for buying time to time when seeing a new lower prices. When we cannot be sure about the bottom prices, it would be good idea to buy in average then no worry of never will be seeing a new lower prices.

Yes this must be the right time to buy back some more bitcoins if you have booked some big profits in the range of $2700 and above. But I do see many traders are waiting for the prices to hit $3300 and $3500 to book short-term profits but unfortunately markets made the turn within $3000 price levels so most of the traders have missed to book profits at high prices.

Still there will be no wrong to arrange new funds to buy more bitcoin to save for some long period.

yes no doubt that it is the right time to invest more money in bitcoin, i think the price of bitcoin is trading in very reasonable price and hope that it wil surely five your  a very good profit therefore i think purchasing bitcoin in current price will be more profitable.

I agree with that, it will be an opportunity to buy bitcoin at lower prices compared from these past few months, I think even with high price, some tried to buy bitcoin because it has been a trend and its sudden rise had become a big influence. Many are feeling uneasy because bitcoin’s price have been going down but I think that it is just normal. Bitcoin’s price had a sudden increase and there is no doubt that it can also have a decrease anytime. That’s how volatile bitcoin and the other crypto currencies are.

Still, many are still having doubts of keeping bitcoin from now on because of the news about August 1. It is very alarming and it is also influential that I think may would convert their bitcoin to fiat just to make sure.

The Aug 1 date really brings a lot of negativity about bitcoin. There is another nose dive on bitcoin  price the past couple of days so I think the uncertainty is real. Making people who has bought the price to $2500++ is really panicking right now. But we all know the bitcoin price fluctuates and its very volatile specially in this time. But if you are going to ask me, I fully trust that bitcoin can really recover after Aug 1.

[jcojci]

all you need to do is waiting and hold and you did it right. if you can hold until a year, then i am sure that you can hold it a moment while you can waiting what will happen in august 1. i am sure that in the end, you can make a lot of profit and in that time, you can have big smile in your face while you are in your new house. just be patience sir and waiting and you can do another thing to not open your android phone too often.

[RealPhotoshoper]

all you need to do is waiting and hold and you did it right. if you can hold until a year, then i am sure that you can hold it a moment while you can waiting what will happen in august 1. i am sure that in the end, you can make a lot of profit and in that time, you can have big smile in your face while you are in your new house. just be patience sir and waiting and you can do another thing to not open your android phone too often.

You must be never talking about huge money like thousands dollar or so.
How worry you are when see your $50,000 turn down to $42,000 within a week!
A high experience needed otherwise indeed you will get panic and sell it as soon as possible , we cannot say to be calm down as it is about big money.

[TastyChillySauce00]

all you need to do is waiting and hold and you did it right. if you can hold until a year, then i am sure that you can hold it a moment while you can waiting what will happen in august 1. i am sure that in the end, you can make a lot of profit and in that time, you can have big smile in your face while you are in your new house. just be patience sir and waiting and you can do another thing to not open your android phone too often.

You must be never talking about huge money like thousands dollar or so.
How worry you are when see your $50,000 turn down to $42,000 within a week!
A high experience needed otherwise indeed you will get panic and sell it as soon as possible , we cannot say to be calm down as it is about big money.

How about taking some action when the time is due, pretty much sure that the price will be dumped at that time and we can just keeping our wallet to open for those cheap coins. Though, not really sure what'll happen in the future, the market kinda unpredictable because of this one.

[arpon11]

You should study the historical price data of stock, commodities, forex and now crytocurrency and you will find out that this is the nature of trading. Trading is a games of skills like football and you should create your own strategy for you to be able to nock out this presents panic you are having concerned price action. Don't trade without using your strategy and fears will be on it ow.

[asyakashi]

all you need to do is waiting and hold and you did it right. if you can hold until a year, then i am sure that you can hold it a moment while you can waiting what will happen in august 1. i am sure that in the end, you can make a lot of profit and in that time, you can have big smile in your face while you are in your new house. just be patience sir and waiting and you can do another thing to not open your android phone too often.

You must be never talking about huge money like thousands dollar or so.
How worry you are when see your $50,000 turn down to $42,000 within a week!
A high experience needed otherwise indeed you will get panic and sell it as soon as possible , we cannot say to be calm down as it is about big money.

Truly anyone will be stressed, with big money risk for very large panic. Experience that will treat panic.Experience will make us always optimistic decision and confident. I'm sure today many big traders are holding back to sell until the issue of August 1 is over, and their money is definitely huge.

[Dontme]

You should study the historical price data of stock, commodities, forex and now crytocurrency and you will find out that this is the nature of trading. Trading is a games of skills like football and you should create your own strategy for you to be able to nock out this presents panic you are having concerned price action. Don't trade without using your strategy and fears will be on it ow.

That was cool answer. I think they only panicking because of low strategies and concept in marketing about trading. If that so, all investors must know what they do before the segwit. A good business man will never too late about his/her plans before he/she encounter the bankruptcy and will survive after it because he/she already plans. As well as here, investors of bitcoin must already plans and they already know what wallet they use to keep their bitcoin for the safetiness. You need to assure about it. Bitcoin has Ups and down. It is already money and it is normal that their will be high and low of economy in bitcoin.

[bucciarati]

Imagine 3 years from now, when you will be posting the same question but value Is 3.000x greater then today, that's when you will be really panicking!!

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[el kaka22]

You should study the historical price data of stock, commodities, forex and now crytocurrency and you will find out that this is the nature of trading. Trading is a games of skills like football and you should create your own strategy for you to be able to nock out this presents panic you are having concerned price action. Don't trade without using your strategy and fears will be on it ow.

Yes, history always repeats itself, this must be 100% true for any type of trading. Repetition means not exact price levels but fluctuating patterns. If this is true then having idea on historical price data must be helping traders to maintain confidences on the occasions of getting panic unnecessarily.

Being confident must be the key for getting rid of panicking. Traders too share their experience of having strong technical analysis which helping them not to get panic during high sensitive trading hours.

[gabbie2010]

Based on my own technical analysis  i.e analysis using japanesse candlestick pattern shows that price is on consolidation or correction and there is the tendency that the price will begin it's journey northward any moment from now therefore don't panic it is a rule of trading.