Please help me to understand what is happening right now. The value of my bitcoi

[Sadnu]

My bitcoins continue to tumble what I will do I have already lost just 10 $ ago by the chinese goverment to stop the operation of the ICOs and now also stop the Exchanger in China. I do not want to reduce the value of my bitcoins yet. Help me enlighten my mind. And explain to me what's happening I'm just a beginner here so I'm scared. Please do not tell me anything bad.

[CryptoScorpio]

Do not panic.Everything will be alright.Hold your BTC and relax.You will not loose your 10$.By the way how much BTC do you have?

[joseafonso123az]

Well, bitcoin is very volatile, and at this moment, because of the ICO's ban, some news that downgrade bitcoin, are making bitcoin's value to decrease in my opinion. If I were you, would definitely hold the BTC, because after this, it might increase it's value again. Or it might be because of the hard fork happening in November.  In the end, you are better of holding them, if you don't need to use them !

[SamReomo]

You don't need to worry as this happens many times. In July the Bitcoin price fell below some unexpected range but after few days it even crossed its previous range with huge increase of the amount. These things should not give you the panic of loosing your money because you will not loose anything. Just hold you Bitcoins for now and wait to see how the price goes up again. It may take it 1 month or even 3 months but it will go up for sure. Bitcoin is not to go down, it is to go up. Trust in Bitcoin and clear out your mind that it will go up soon.

[Sadnu]

Do not panic.Everything will be alright.Hold your BTC and relax.You will not loose your 10$.By the way how much BTC do you have?

It's only 0.014 BTC thank you for all your comments I really appreciate that.

[Skyborn]

That's bitcoin for you right there. A lot of people who have been into crypto longer than I have find this very normal. So if you're investing for the next 1-5 years you should be good with your investment. Nothing to worry about.

[xdev]

Same thing happened last weekend, just hold on tight. The value will restore, although if you bought in late this week it might take a week before you get any gains out of it. But eventually the prices will rise and especially with Bitcoin.

[olubams]

Do not panic.Everything will be alright.Hold your BTC and relax.You will not loose your 10$.By the way how much BTC do you have?

It's only 0.014 BTC thank you for all your comments I really appreciate that.

This is the part we always tend to have concerns and I am happy that you took your time and sum up.confidence to ask question on a forum where people are willing to help because if you hadn't, you would have lost twice. One by selling low because of the fear it might plummet the more and two when the price eventually increase even higher than when you bought it initially (this is the worse of it though). It might be hard to do but as a newbie, just take of your eyes from the current happenings around price so you avoid the pressure to sell.

[bitcoinmaniac52]

Do not panic.Everything will be alright.Hold your BTC and relax.You will not loose your 10$.By the way how much BTC do you have?

It's only 0.014 BTC thank you for all your comments I really appreciate that.

This is the part we always tend to have concerns and I am happy that you took your time and sum up.confidence to ask question on a forum where people are willing to help because if you hadn't, you would have lost twice. One by selling low because of the fear it might plummet the more and two when the price eventually increase even higher than when you bought it initially (this is the worse of it though). It might be hard to do but as a newbie, just take of your eyes from the current happenings around price so you avoid the pressure to sell.

The price has crashed numerous times because we are in a bubble, and this happened many times over the history of Bitcoin. It is nothing new. This time only it will last longer, like maybe a few years.

[SummonKing2]

I think this is because of panic selling and you may feel it now. You have done a good step to ask first. I'm not an expert and I'm not very good about it but I have read and learned a lot. So I say that you do not sell. as you experience more severe when you get caught up in the rise of bitcoins because of the high price you can buy it. And of course the lower bitcoins you get.

[cynical]

I think this is normal. China have issued a -temporary- ban on ico's but some people are panicking.

[Voice-Of-Reason]

still waiting one real news about china, but stay calm and hold tight ;P

[GreenBits]

I think this is normal. China have issued a -temporary- ban on ico's but some people are panicking.

it is a bit beyond this. the market reacted to the ico news with the initial dip. then, as we were just about to recover from that debacle, the so far unsubstantiated rumor about the Chinese exchanges closing brought the price down AGAIN. we still only have a single source of this rumor, someone over at viabtc that made a doomsday tweet, i believe.

if the rumors are true, this is total shit. notice the price has been hovering in a narrow range, people across all markets are still kind of unsure about all this, and it is showing. at least we arent deadcat bouncing anymore, but we are far from out of the woods yet.

hang tight. worse case scenario, it will flash crash, instead of listing downward slowly. anything is possible, but the market is already poised to react, so this should be quick, if it does happen.

[darkangel11]

And I thought after 2014 people became smarter and stopped reacting to every piece of news coming from China. It's obvious some people are manipulating the news there or simply making them up to profit from market dips. They knew the price is going up like crazy and something has to be done to bring it down so they can buy before another big push for $5000 and here you go.

[2double0]

Keep calm dude, have some beer to chill up your mind and heart. Bitcoins are not going anywhere and its value is plummeting because of people just like you who are selling in panic, stop panicking first of all. It is completely intrinsic in terms of bitcoins to come down too. It has already risen above 400% this year alone which is not less than a milestone because nothing in this world went that high when it used to be in 3 figures in such a short span of time. If you will sell now, you will regret later. Better keep them with yourself until the storm settles, then wait for the right time and sell off.

[flippener]

Print this out and fix it to your wall.

[Pearls Before Swine]

This is the free market in action, brother.  How long have you been into crypto?  Probably
not that long, I'd imagine, else you would be prepared for dips and crashes like this.  And
not too long ago we crashed to $1900.  Think about that.  I assume you bought in at the
recent top...you should have waited.  But just hold on and don't get scared.  And definitely
don't invest money that you're going to need for living expenses.  If you do that you won't
have to watch the market constantly and fret about it.

[OtisG]

Bitcoin is crashing for good.  You should sell it.  I'll buy it from you for $1000.

[Kurokonobasuke]

My bitcoins continue to tumble what I will do I have already lost just 10 $ ago by the chinese goverment to stop the operation of the ICOs and now also stop the Exchanger in China. I do not want to reduce the value of my bitcoins yet. Help me enlighten my mind. And explain to me what's happening I'm just a beginner here so I'm scared. Please do not tell me anything bad.

That's a normal thing. Just hold your Bitcoin and avoid selling it as its price is falling. Wait for exchangers with high exchanging rate. No need to worry in such situation like this. Surely, it will be back into normal eventually even if it will take a period of time. But ofcourse patience is the key, if you want to earn profit, you should be patient and wait for the right time to sell it.

[3kpk3]

This is just a temporary dip dude. Bitcoin has survived far worse problems and has survived them all like a champion. Nothing can topple bitcoin and slow down its momentum. Just keep HODLng!