Little panics like this are good

[Fredomago]

It happens once in a while as the concept of using cryptocurrencies is still in its infancy. But I think it will happen less and less as it gets more mainstream and accepted by society at large.

it is really helpful for the traders who are looking for the short term profit. at the time of this type of panic people who are regular trader buy at low price and sold when the panic solve. it has also a drawback for short term traders who have invested in it before panic but for long term it doesn't really matters.

Swing trading might be for the people who understand how the market works most of them are just waiting for the whale movement and grab that opportunity to ride with it, there's still a lots of newbie who doesn't understand the hyped and corrections they needed keep studying the flow so they won't hurt their pockets.

[Ucy]

Their opinions don't bother me to much.. .
Whether price is up or down, good profits would still be made and Bitcoin will continue to be great.

[hatshepsut93]

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 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.

True bubbles happen there's too much unrealistic expectations which isn't the case with Bitcoin - the technology is sound, it has been working for 8 years already, it is revolutionary and it can be very useful. All this can be a base for some pretty good value, like $20,000 per coin in a next year, so we are still very far from the bubble territory. Dips will happen from time to time for various reasons, it's the nature of the market, but overall trend is what's important, and right now it's still healthy.
As for hodling, you don't have to only hodl or only trade, you can easily do both at any proportion you want, if you feel like you are good at trading you can trade with 20-30% of your coins or even higher, if you are a newbie, you should do it only with smaller amounts and less frequently.

[carriebee]

Their opinions don't bother me to much.. .
Whether price is up or down, good profits would still be made and Bitcoin will continue to be great.

Dont panic when investing in bitcoin as some says ride wih the train. If holding for a long term will give you a good profit. And sometimes little panic is good and grab the chance to buy back and hold for a profit decision.

[Fatunad]

It happens once in a while as the concept of using cryptocurrencies is still in its infancy. But I think it will happen less and less as it gets more mainstream and accepted by society at large.

it is really helpful for the traders who are looking for the short term profit. at the time of this type of panic people who are regular trader buy at low price and sold when the panic solve. it has also a drawback for short term traders who have invested in it before panic but for long term it doesn't really matters.

Swing trading might be for the people who understand how the market works most of them are just waiting for the whale movement and grab that opportunity to ride with it, there's still a lots of newbie who doesn't understand the hyped and corrections they needed keep studying the flow so they won't hurt their pockets.

Swing trading or Hedging would really be complicated specially on newbies since they dont even know on what are these kind of trading styles which are really complicated but later on they would eventually know those styles which is really hard and risky but really a profiting kind of way if you do it correctly then expect you can make good money on it.

[Palmerson]

Everyone who panics always lose. I have a question how you lived before we knew what is bitcoin? Why is now such a panic if bitcoin falls in price. In fact, no one is losing money. Losing everything is only hypothetical profits. If you hold bitcoin then this year you will receive a profit of 200-400 % Is that enough? Just a lot of greedy people.

[Chrystora123]

lol, when I explain about bitcoin to people they do not understand, because most of them do not want to know and do not want to know, and the average of them is less interested in technology, maybe the same as JP Morgan CEO, lol

[swscowods]

The small panics are definitely helpful to spread Bitcoin for more population. As far as I have seen, there is always someone on the corner of the road to join the crypto revolution.

Panic is not good at all and panic causes loss so stay calm and hold if price is down good days will be ahead, in other senses small panic are good because it welcomes new investors and new investor mean rise in price so not to worry about the dumps these are also favorable when dump occurs buy as much as you can so that you can secure profit with both hands,

[audrey12]

I agree with this sometimes a sudden drop is good because after that a rewarding pump takes place and if you panic right away you would have sell all your bitcoin because you are afraid of losing so much but the truth is you lost because you did not trust bitcoin only to find out there's more to come in the coming days. Bitcoin is unpredictable but it is always a good investment to take.

[stepwilli]

Their opinions don't bother me to much.. .
Whether price is up or down, good profits would still be made and Bitcoin will continue to be great.

By seeing such dramas in the past, I was also not affected by all so called bad news this time. Bitcoin has survived through much more tough time when it had small number of users comparatively than present.

If someone will stay calm during the dip then definitely he will be earning much more amount in future. Also, dip is the golden chance to increase the total amount of BTCs so it is a good thing.

[beBearKing]

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 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.

I like reading posts from the past, relatively optimistic bitcoin. Do not get me wrong - I believe in bitcoin. But I do not believe in those who see in him only an asset for the discussion.

As we know today, China has already banned bitcoin in its jurisdiction. I think that if people develop bitcoin and not spy on the course, then we do not expect a collapse. And if most of the transactions become a speculative then the collapse is inevitable.

[GreatOrchid]

I agree with that, i dont pay too much attention to the price chart all the day, because i am online for 7 hours max, but there is always a moment in the whole day that the market is in red, and this is because of the panic selling. And this is a great opportunity for those who wanna buy at a reducted price, it is good if you see it in an optimist way. But you are right, without panic times , the price would always be higher, and that is not healthy for the price

[Irvinn]

Yes, small panic attacks are necessary. The alarmists sell their bitcoins and leave. In their place come people who understand the nature of the crypto currency. From this, the crypto currency will only win. The volatility of the crypto currency will fall, as the panic will decrease.

[CisColtz]

Welcome to the panic rally , after you get a few rides you will get comfortable with it and you can speculate the panic and when and what to buy and when to sell , just an opinion .

[salihno71]

When you talk about the famous names from the financial world and their comments about the bitcoin, you have to remember one thing: those are the people who are the rulers of their own realm and they believe that they totally control the situation. So now, something new shows up which they don't fully understand, because it's essentially different from what they're used to. So they comment it from their own point of perception interpreting bitcoin with the terms that they know. 

[stomachgrowls]

It happens once in a while as the concept of using cryptocurrencies is still in its infancy. But I think it will happen less and less as it gets more mainstream and accepted by society at large.

it is really helpful for the traders who are looking for the short term profit. at the time of this type of panic people who are regular trader buy at low price and sold when the panic solve. it has also a drawback for short term traders who have invested in it before panic but for long term it doesn't really matters.

Swing trading might be for the people who understand how the market works most of them are just waiting for the whale movement and grab that opportunity to ride with it, there's still a lots of newbie who doesn't understand the hyped and corrections they needed keep studying the flow so they won't hurt their pockets.

There are really different kind of traders and different kind of ways on how to execute trades this thing would really vary into their skills and knowledge and since you do mention about swing trades then for sure it is really a hard one.You would most actively see moving prices on constant basis reading up news or updates on a certain coin so that you would able to ride the price flow depending on what direction.

[BeerPanda]

You shouldn't panic. Because if btc fall it's great opportunity to invest your money again

[Osarman]

You shouldn't panic. Because if btc fall it's great opportunity to invest your money again

In a sense a little panic is good for those people who are joining now because the panic control the extreme rise in the price for a little time and in this new participant/stakeholders will find a chance to get/buy bitcoin in low price otherwise if panics are not block the rise in bitcoin price then the price will come high as much not to be affordable and only rich would be able to buy bitcoin in future.

[thet]

I guess its the normal thing when the price of BTC is down the tendency is you will feel so worried about your investment specially if you put all your investment in BTC.

[buwaytress]

Swing trading might be for the people who understand how the market works most of them are just waiting for the whale movement and grab that opportunity to ride with it, there's still a lots of newbie who doesn't understand the hyped and corrections they needed keep studying the flow so they won't hurt their pockets.

Swing trading or Hedging would really be complicated specially on newbies since they dont even know on what are these kind of trading styles which are really complicated but later on they would eventually know those styles which is really hard and risky but really a profiting kind of way if you do it correctly then expect you can make good money on it.

I'd be very careful about looking at "little panics" like these as swing indicators. Swing traders already find it incredibly difficult to identify movements in traditional markets, never mind the Bitcoin market that seems to defy every known and accepted trading convention. The market simply hasn't matured enough to be able to "work" on its own.

I've probably been right about half of the time when predicting corrections on Bitcoin. And since touching $5,900, the correction hasn't been as massive as I'd expect, given the ones of the previous.