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Author Topic: Bitcoin falling again  (Read 13278 times)
MrCrank
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September 13, 2017, 11:25:28 AM
 #1

OMG, Bitcoin falling again, current price = 3866USD.
What happen? we losing money every hours. Need exchange BTC to fiat?
Who can explain this situation?

                             
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September 13, 2017, 11:45:12 AM
 #2

Some reasons: China banned a bitcoin exchanger,  JP Morgan Ceo said Bitcoin is a fraud. Some speculations said bitcoin can go down to 3000$. I think we dont have real reasons to panic. In a few weeks bitcoins price will go up again even higher than it was because thats what happened every time. Bitcoin price have a big fall than it go up higher than it was last time
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September 13, 2017, 11:50:01 AM
 #3

Yes, the price is currently under 4000$ but there is no reason for panic. Although I expect to see a lot of panic selling these days which only helps whales to get more bitcoins. Don't fall under emotions and monitor the situation and don't react without thinking and considering all options. To my opinion this dump will not last for long and it will not go all the way to 3000$.

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September 13, 2017, 11:50:45 AM
 #4

I would like to say everybody not to panic as there will be many rumors out there which will make people panic and sell their coins.
The wise ones will know what to do at situations like these but the poor experienced lose their money in these situations.
The China ban and the statement by Jamie Dimon are the reasons why people are panicking and selling their coins. The prrice of bitcoin has decreased by hundreds of dollars. People who have money can buy now as it is a very good time to buy bitcoins and those who have already bought coins at higher price should hold their coins as there is no other option but to wait for Bitcoin to recover its price. Don't sell at a loss as we know Bitcoin will soon recover its price.


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September 13, 2017, 11:52:28 AM
 #5

OMG, Bitcoin falling again, current price = 3866USD.
What happen? we losing money every hours. Need exchange BTC to fiat?
Who can explain this situation?


Coinmarketcap and this section has become my favorite hangout this week I'm also waiting for some good news or Bitcoin rally that I know will happen anytime sooner or later anyway this is the best time to buy Bitcoin.

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September 13, 2017, 11:53:04 AM
 #6

Markets never go anywhere in s straight line. After a big ramp up in price, some will take profits. This causes the price to fall a little which in turn shakes out the weak hands that got in too late. The dip that creates lets the smart guys that took profits get back in at a lower price. Rinse and repeat. Welcome to the markets.

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September 13, 2017, 11:54:27 AM
 #7

There's been multiple threads like this created today, I would suggest in future reading and then commenting in one of those rather than creating a new one. There's lots of opinions in those as to why they think the price is dropping.

Warren Buffert
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September 13, 2017, 11:56:42 AM
 #8

It was due for a correction.
That's what you get when you listen to people who will tell you to buy at ATH's.
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September 13, 2017, 11:58:13 AM
 #9

I don't have enough amount of Bitcoin to panic Grin, but i think there is no need to panic, the dropping is understandable, considering the news out. Price will start to rise again soon.

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September 13, 2017, 11:58:23 AM
 #10

Some reasons: China banned a bitcoin exchanger,  JP Morgan Ceo said Bitcoin is a fraud. Some speculations said bitcoin can go down to 3000$. I think we dont have real reasons to panic. In a few weeks bitcoins price will go up again even higher than it was because thats what happened every time. Bitcoin price have a big fall than it go up higher than it was last time

This is also for me the causes of the scare so once again investors panic causing the price to plummet. I initially thought that we are already fine with the Chinese scare, but then this big hotshot Dimon said that bitcoin is a fraud that really cause the panic amongst the investor. This month of September was like a big battle ground for bitcoin as banks started the war bitcoin as well. Market cap down to 133B from 154B if I'm not mistaken. Its really a bad blood. But we should not panic because soon it may recover again and even go higher as the previous ATH.

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September 13, 2017, 11:59:21 AM
 #11

I think it`s normal for market at all. If we want to see bitcoin with higher price we will let it go down. So this autumn gonna be very interesting Smiley
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September 13, 2017, 12:03:58 PM
 #12

Agreed with @pawanjain's post don't panic and sell all your BTC right now the prices have dropped before it goes up again, Below 3826$ per Bitcoin right now don't worry yet the price should be back up in few hours hopefully stay calm guys, anyway I would be buying if BTC price drops instead of selling it will go back up just my thought.

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September 13, 2017, 12:04:22 PM
 #13

Bitcoin is volatile. It goes up and down. But history shows us that after every dip is a larger rally. This will be no different.

I would expect China (and indeed other countries) to ban ICOs in the shorter term until they can be more heavily regulated. IMO this is a good thing and will help weed out the scams and make us, the participants, more protected.

As for banning exchanges (and JPMorgans CEO comments on the whole thing being a fraud) theese are the actions and words of a fearful and broken system trying to stem a digital revolution. And they will fail. Cryptocurrencies are the future and they cannot stop it.


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September 13, 2017, 12:07:17 PM
 #14

I've been with bitcoin since it was 100$ and I can tell you right now that BTC price always goes down for one "BIG" reason or another.
In the end it always goes back up.

I used to worry and panic when I'd see such a dip, but I've become jaded to it after seeing it so many times.

My advice would be for anybody who is intelligent enough, to buy more btc once the price fall starts to stabilize.

That's what I'll be doing.
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September 13, 2017, 12:09:43 PM
 #15

OMG, Bitcoin falling again, current price = 3866USD.
What happen? we losing money every hours. Need exchange BTC to fiat?
Who can explain this situation?

Bitcoin is going down because of chinese government they banned bitcoin exchanger . Chinese wants to rule the world with bitcoin but they cant do it because we know btc has no owner at all. So stay calm it will soon recover or pump more.

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September 13, 2017, 12:22:28 PM
 #16

Some reasons: China banned a bitcoin exchanger,  JP Morgan Ceo said Bitcoin is a fraud. Some speculations said bitcoin can go down to 3000$. I think we dont have real reasons to panic. In a few weeks bitcoins price will go up again even higher than it was because thats what happened every time. Bitcoin price have a big fall than it go up higher than it was last time

yes, many bitcoin users in china, so with this issues many panic sale there. its need to be solve asap.

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September 13, 2017, 12:24:40 PM
 #17

OMG, Bitcoin falling again, current price = 3866USD.
What happen? we losing money every hours. Need exchange BTC to fiat?
Who can explain this situation?

Many people are now panicking because they see that the price of the bitcoin is going down. I am not panicking because I know that the bitcoin will rise up again. I hope that tomorrow the price will have a good progress again.

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September 13, 2017, 12:30:50 PM
 #18

Why would you care what happens in the short term ?
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September 13, 2017, 12:33:44 PM
 #19

OMG, Bitcoin falling again, current price = 3866USD.
What happen? we losing money every hours. Need exchange BTC to fiat?
Who can explain this situation?

Many people are now panicking because they see that the price of the bitcoin is going down. I am not panicking because I know that the bitcoin will rise up again. I hope that tomorrow the price will have a good progress again.

A saying:
Do not panic or panic before other ones do panic

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September 13, 2017, 12:40:40 PM
 #20

OMG, Bitcoin falling again, current price = 3866USD.
What happen? we losing money every hours. Need exchange BTC to fiat?
Who can explain this situation?

Many people are now panicking because they see that the price of the bitcoin is going down. I am not panicking because I know that the bitcoin will rise up again. I hope that tomorrow the price will have a good progress again.

A saying:
Do not panic or panic before other ones do panic
Lol, good quote. Never heard it but I will definitely remember it.
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