Little panics like this are good

[Uberse]

They prevent Bitcoin from becoming a true bubble, which would be disastrous. The level of incomprehension regarding Bitcoin is still very high. Jamie Dimon's recent comments show that, like Warren Buffet before him (as of a few months ago anyway), Dimon has no knowledge of how Bitcoin functions as a crowdsourced, decentralized, economical, sustainable, and fast method of immutable data-registration. If these guys don't know, it's a given that lots of recent easy-money chasers don't know either. A friend of mine says his grandfather was taught to drive a Model T by an elderly uncle who sat in the passenger seat with his hand on the emergency brake and yelled Whoa! Whoa! if they went faster than a trot. That's how a lot of people hold their bitcoins. They sit with their hand on the mouse and yell Sell! Sell! at the first hint of trouble. But that's good. Bitcoin can never become a bubble that way because it won't get high enough fast enough. It will slide and even crash from time to time, but since it has real utility (as opposed to tulips --- and the liar loans Dimon's company, J.P. Morgan, was fined $13 billion dollars for selling) Bitcoin will continue to climb after Buffet and Dimon have had their uninformed say and momentarily clogged the exits with butts and elbows. As for rumor-mongering China, Bitcoin's Long March will continue there too.

Just sit back and hodl. If you can't hodl here, you are in the wrong game. Try the stock market.

[jekjekman]

Sadly to say this most of the people who really hates Bitcoin doesn't even have the time to take what is it really like and the future of it as a digital currency and instead they just want to say what they want to say, but maybe Jamie just have a hidden agenda that is why he keeps on bashing bitcoin since 2015 even if the price of it is increasing without a doubt.

Many people will surely sell because of 'Bitcoins is a fraud' but eventually this will past and bitcoin will soar high again and the people who sold their bitcoin will buy again at the higher price and will regret their decisions, it is a cycle though because history repeats itself.

[Rosa Paula]

Now bitcoin fall down.so i think it is a little panics for me.

[jamirrah]

I dunno why too many people coming out lately and show hatred and not trusting btc. So many issues this week regarding btc maybe this is some reasons why btc price is falling but I dont care I see whats happening to buy btc in cheaper price and wait for the pump to get decent profit. Good I still have few bucks to buy btc.

[RodeoX]

Jamie's Daughter is the real story here

http://www.zerohedge.com/news/2017-09-12/dimon-doubles-down-my-daughter-bought-bitcoin-it-went-now-she-thinks-she-genius

Milennials are making America great again, they don't need Trumps or Dimons!

Old dogs are slow to learn new tricks

Earth belongs to the youth

That is very telling. So he got all butt-hurt because his own daughter is outperforming him in the market. Hilarious.

“Someone’s going to get killed and then the government’s going to come down,” he said. “You just saw in China, governments like to control their money supply.

He seems to think we are asking permission to do this. Silly boy, we are telling you the way it's going to be. We are going to keep burning down the system and extracting our money from his corrupt banks. And there is nothing he can do about it. 

[Pursuer]

They prevent Bitcoin from becoming a true bubble, which would be disastrous.

but we already had the corrections. many of them and big enough to be considered proper corrections and enough of them so that we can say it is NOT a bubble.

but I guess some people wanted a huge drop to be convinced it is not a bubble!

Jamie Diamond's recent comments show that, like Warren Buffet before him (as of a few months ago anyway), Diamond has no knowledge of how Bitcoin functions as a crowdsourced, decentralized, economical, sustainable, and fast method of immutable data-registration.

...or maybe they know more than you and I but they chose this strategy of going against bitcoin publicly at critical times so that they can short it when what they say causes a dip like this. it is a huge profit to do something like that and have that kind of effect.

[Getbdnews]

I believe bitcoin is a bubble and one day it will burst. That will be a golden time for bitcoin buyers.

[Lmaooo]

Jamie's Daughter is the real story here

http://www.zerohedge.com/news/2017-09-12/dimon-doubles-down-my-daughter-bought-bitcoin-it-went-now-she-thinks-she-genius

Milennials are making America great again, they don't need Trumps or Dimons!

Old dogs are slow to learn new tricks

Earth belongs to the youth

Bitcoin defeated Dimon in his own house and he came out shouting to the world saying bitcoin is a fraud. Bitcoin will recover whether these bad people want to or not.

[Fredomago]

its almost crashing everywhere around the crypto i'm sure it will recover back and even those panic sellers will realized what have they done
why did they sell their coins and those who made this issue will be happy holding more coins when pumped start to happen again.

[Arngrim]

Does people really think it is a bubble? It is the people who are controlling it. Those who are holding it for a long time are the one who can make waves. I cant believe people who are registered in this forum will think of bitcoin like that. Maybe they should try a stock market forum. They are on the wrong forum. This one should be all support for bitcoin and how to make it better not bash it.

[digitalgame4life]

I agree little panics as these are good but that doesnt take away that people begin to think about how big cryptocurrency or btc as a whole will be, I understand this is quite normal and good but many are manipulating prices thus so it is not always decentralized and all the shit going around cryptocurrency will have a negative impact, that all is oke but it begins to get ugly when these damn governments begin banning crypto and exchanges specially than the price will go down very bad.

[leexhin]

I haven't trusted bitcoin when I first knew it, and I had the worst mistake of my life. I could've been a millionaire by now, only if I invested my extra money when I started. So, I don't want to commit the same mistake. As much as possible, I wouldn't panic and just hold on to my bitcoin. It might go down a little, but the test starts here. Let's see what will happen.

[greeklogos]

Well, I don't panic cause of I have nothing to worry about, cause of that I don't have any Satoshi yet
I suppose this panic is good for those people who have some money for investment, now they finelly can buy some coins by cheap prices.

[Creepings]

I haven't trusted bitcoin when I first knew it, and I had the worst mistake of my life. I could've been a millionaire by now, only if I invested my extra money when I started. So, I don't want to commit the same mistake. As much as possible, I wouldn't panic and just hold on to my bitcoin. It might go down a little, but the test starts here. Let's see what will happen.

Well I think everyone did until someone became millionaire and a lot followed and made the dream starts for everyone that they will be rich with this digital currency. It is not that I don't trust this digital currency more like, I know that in the near future the price of bitcoin will be high enough that people will be saying and posting that bitcoin is pretty expensive.

[CARrency]

Yeah, I think we were going too fast. But around $ 3800, Bitcoin is a bargain (If you're a long term holder, of course)

The reason people now are saying that it is a bubble is because the price of this digital currency just blow out to $4000 where it just takes 2 months do double the price. If you will be thinking about it, that is really fast but we are just thinking of this when the price drops and not when it is happening because we are enjoying the fact that we are earning a lot of profit.

[darkangel11]

I believe bitcoin is a bubble and one day it will burst. That will be a golden time for bitcoin buyers.

So you'd like to buy but the price is too high for you, am I right? If it really proves to be a speculative bubble nobody will invest in it after its burst.
Anyway, it's funny to see people who think BTC is a bubble register on a BTC forum just to tell all investors and enthusiasts that they're wrong

[maurobiasolo]

I believe bitcoin is a bubble and one day it will burst. That will be a golden time for bitcoin buyers.

So you'd like to buy but the price is too high for you, am I right? If it really proves to be a speculative bubble nobody will invest in it after its burst.
Anyway, it's funny to see people who think BTC is a bubble register on a BTC forum, just to tell all investors and enthusiasts that they're wrong

It seems like that most of "this is a bubble" comments come from people with no BTC on hands but really jealous of other success. That said, panic can be good in any ways: it can definitely help to make players more mature

[meliodas]

Bitcoin has experienced this a lot since it started, so I think it's up to you if you will panic or not. This kind of fall, is a good time for those who will hold because the more people who will withdraw the lesser would be the buying price. And, then when people see bitcoin increasing they would buy bitcoin again. So, I don't see the sense of selling your bitcoin if you will buy it again when it increase.

[Akash1243]

I do think these drops which cause are good as many people can buy bitcoins at low prices again which many investors and users might be waiting for even though many people are there who just panic and start selling their bitcoins which is very regretful.Bitcoins have seen many quick ups and downs which scares people but bitcoins has always survived and will keep doing this.

[iluvpie60]

It wasn't Jamine Dimon who made any of this happen.

EVERYTIME we get to an all time high, the price retractswithin the same day(it did), then it goes down slowly over the course of a few weeks(it is right now).

This happens because the supply stays roughly the same, while demand drops. Demand drops because an all time high was hit and recognized by the masses who use it. So they start to sell, then the price goes from 5,000 to 4,800, the majority of people see that and understand they should take their profit while they can and sell, then down to 3,800 we go!

Once it finds support it goes back up, because the people who have USD that sold at 3,800+ are buying back in at the bototm of the dip.

2 weeks from now, same thing.

etc.