Is it as bad as it seems to be?

[djselery]

Hey! I know the dip have to happend after such "to the moon race". But itsn't it too bad? I mean we are looking at 20% losses last 7 (seven!!!!!) days. What do you guys think about it? I don't want to panic yet, but it scares me.

There is no need to panic, the Bitcoin price is known by its volatility over the years, the price is going down and up during all the previous years since its creating, but if you see at its current price it is still not bad.
It is also predictable that the price will increase again after a while. Patience is needed when we talk about Bitcoin holding.

[digitalgame4life]

It is bad but indeed in crypto history this has happened many times before, only thing is now its getting big and surely people of much power and money are manipulating market prices, you cant say no!
Besides that these governments are taking cryptocurrency as a threat, governments have done far more evil things to what they see as a threat, so it wouldnt surprise me if they would ban exchanges and making it illegal to use cryptocurrency, they are evil and the do not stand for the freedom they are shouting!
In the end I hope governments fail and people of free mind and intentions take over.

[uztre29]

I don't think what's happening on bitcoin these days is bad. Actually, it's good, isn't it? People will grab this opportunity to buy bitcoins at lower costs. We all know bitcoin's value always fluctuates. That's normal. Do not be scared that its value will decrease to zero. That will not really happen.

[nikoluz123]

I think its safe to assume that it would go down to as low as 2k usd. This is all because of China banning crypto currency exchanges, plus the heat its been taking from all the big corporations.

[VeteranCoin]

Bitcoin goes up and down like this. Best time to buy is when it is falling like this. Not a fun time to buy, but that's how this works. BTC will rise again as adoption spreads. That's the way we all win. We have to increase adoption.

[aardvark15]

Hey! I know the dip have to happend after such "to the moon race". But itsn't it too bad? I mean we are looking at 20% losses last 7 (seven!!!!!) days. What do you guys think about it? I don't want to panic yet, but it scares me.

Not that surprising and not that bad. Yes a drop this big may seem bad to someone new to Bitcoin and it would be bad in the stock market. But remember that this time last year the price of Bitcoin was around $600 per coin. Bitcoin has had a huge gain. A price of $3000 per Bitcoin is 5 times what it was a year ago.

Now the price is around $3300 and it could drop more but Bitcoin has always been very volatile and will have wild fluctuations. The important thing is that it will probably recover and reach new highs as some point. It just appears that it rose too quickly and the bubble has burst.

[tabas]

Hey! I know the dip have to happend after such "to the moon race". But itsn't it too bad? I mean we are looking at 20% losses last 7 (seven!!!!!) days. What do you guys think about it? I don't want to panic yet, but it scares me.

Just don't panic and trust in your feeling, we do have the same feeling that the price now is still enormous so you don't have to worry. I have set an amount like $2,500 and it's like what everyone is doing now and when the price of bitcoin starts to be near on that price, there must be something wrong if the price keeps on decreasing.

[CryptoBeefy]

Depending on what you have invested and what your strategy is depends on your outlook. If you bought in when it was close to 5k and was hoping to sell on the up then its pretty terrible. If you've invested as you believe in months/years to come it will be above 5k then it isnt that bad. The question depends on you personally

[skorupi17]

Hey! I know the dip have to happend after such "to the moon race". But itsn't it too bad? I mean we are looking at 20% losses last 7 (seven!!!!!) days. What do you guys think about it? I don't want to panic yet, but it scares me.

It is not that bad. It is just normal if you ask some who have so much experience in cryptocurrencies, especially Bitcoin. If it drops for more than 30%, it is still normal. Elites are not afraid from such kind of drop, they even wait for it so that they can buy some more at a cheap price. Nothing is to be scared of, you have to get used to this type of happenings and trust to the power of HODLING.

[Beerwizzard]

It seemed predictable but I'm still surprised a little bit because the first news from China did absolutely nothing to the BTC  price but for the last time when everything is a bit more clear we had such a big dump. It looks like some big "whales" droped a lot of bitcoins. I still belive in BTC and looking forward for any news that will help to predict when the price will go up again. Don't see any reasons for panic selling like we had before SegWit.

[Master Carnegie]

in my opinion is the speculation that moves the world and the market, so it is the ideal time to build a good strategy, and increase your investments!!!

[BitWhale]

we might see a downturn for a while but I don't think it will effect the price as badly as people are expecting... Yes, alot of bitcoin is mined out of China - that's the one thing that scares people.

Chinese bitcoin exchange volume has been pretty miniscule since Jan 1st, 2016... the vast majority of the rise happened AFTER chinese exchanges were forced to stop no fee trading and alot of their fake volume antics stopped at this time as well.

The last rise had larger momentum than the last, this indicates to me that it isn't over yet despite all of the panic at the moment. The rise from $1000 to now was extremely fast and there wasn't a real correction until now.

The only "if" right now is what is going to happen to the miners, how will they sell their coins and will they still be able to remain as active in the mining community?

This is big, but it's not MT GOX losing 1 billion dollars big... it's not losing the largest exchange by volume big... and it's not "bitcoin is banned" from one of the largest bitcoin trading countries. For the last year, Huobi/OKCoin/BTCChina added together has only been around 20% of bitcoin's total trading volume. If it was 50%+ I'd be more scared. More volume is coming out of other countries now, countries that have decided to embrace bitcoin and don't have so many capital controls in place.

In reality this could be a good thing, it could be the end of an era where Chinese exerted major control against both the price & hash rate of bitcoin, though I highly doubt they will give up their mining dominance.

Bitfinex is the clear winner by volume for the last 6 months... I'd be more worried about them shutting down. They pretty much do enough volume to cover all 3 of the chinese exchanges combined.

https://data.bitcoinity.org/markets/volume/6m?c=e&t=b

TLDR: China didn't have much to do with the 1k-5k rise in the first place.

[Ararbermas]

Hey! I know the dip have to happend after such "to the moon race". But itsn't it too bad? I mean we are looking at 20% losses last 7 (seven!!!!!) days. What do you guys think about it? I don't want to panic yet, but it scares me.

This is normal bro ithink. .even now adays bitcoin keep crashing and its totally down. But this scenario always happened we dont need to panic .and instead of worrying  buy more btc so that you can get lot profit if bitcoin rise again..and also this is my first experience here in cryptoworld that bitcoin down deeply.  I hope this is just a temporary

[Lorilikes]

No it's going to be fine. To let them get into your head means the suits win, and frankly I think that sucks.
  The few leaders with the deepest pockets are succeeding at controlling the beautiful decentralized payment
system we love so much.  Perk up people, it is going to be FINE.
🌺

[Kp4everK]

The fall is only 20%, but already panic. Any currency is unstable, so the reasons for the panic, I do not see. On the contrary, you need to buy more until such a price.

[taliwang]

for those who have been wandering in the world of crypto currency this may be considered normal. we must also be able to accept this kind of situation ... good luck

[TheKubizz]

No it's going to be fine. To let them get into your head means the suits win, and frankly I think that sucks.
  The few leaders with the deepest pockets are succeeding at controlling the beautiful decentralized payment
system we love so much.  Perk up people, it is going to be FINE.
🌺

That's a really good and motivating answer. Well I guess I put my brick in a wall of fight with banksters. I just bought into bitcoin when it was on the fall. Waiting for the moon now, lets go!

[Haunebu]

Welcome to the crypto world buddy. This kind of stuff happens all the time in this volatile world and there is nothing much you or anyone else can do about it. Just HODL and save your coins because I am confident that you will observe profits in the future.

[finthebar]

Hey! I know the dip have to happend after such "to the moon race". But itsn't it too bad? I mean we are looking at 20% losses last 7 (seven!!!!!) days. What do you guys think about it? I don't want to panic yet, but it scares me.

Bitcoin is obviously a white-knuckle ride, easy to say, harder to do in practice but panic will not do you any good - in fact it is probably the single worst reaction. Think carefully, decide what to do. Do not give in to panic.

[Potato Chips]

Hey! I know the dip have to happend after such "to the moon race". But itsn't it too bad? I mean we are looking at 20% losses last 7 (seven!!!!!) days. What do you guys think about it? I don't want to panic yet, but it scares me.

hey its technically not a loss yet if you haven't sold yet because if the price pumps after a few months, you'll get your roi or even profit from it unlike when you

already sold it, whether the price pumps or not it doesn't matter no changes will be made. when you're investing its just a matter of choosing and believing.

thats why i dont sell coins lower than its bought price