Is it as bad as it seems to be?

[lkjhg]

when we buy a high price and it turns out in the fear when the selling price starts to fall then we will increasingly torture ourselves with loss, patience will be very important in this case, waiting for the increase and avoid losses. convince yourself of the decisions you make.

[bamboylee]

It is bad if you do not have money to buy any bitcoin anymore. Otherwise it is still good because you can buy more bitcoins at a cheaper price. A dip is bound to happen because it was a very long bull run for quite some time now. This bear run will end and we will be back the trail to a new ATH soon.

[bitbunnny]

I say no, it's not that bad. I beleive from the begininig that this dump will be short term. People think they have lost the money or made the wrong investment but that is actualy not true unless you haven't sold now under influence of panic.
And it's already seems that the price has gone up a bit so it might happen that in the next period will fluctuate between 3000$ and 4000$.

[jak3]

I do not actually care about it because I have witnessed the greatest crash after mtgox exchange crashed it turned the 1000usd price into 200usd so I guess this little step is nothing just some bad time just hold tight and wait till we get to that success road again. With bitcoin, we can always guaranty that we are going to have profit and its price is going to rise no matter what happens.

[Akash1243]

I don't think so that it is that bad dumps happens all the time,Bitcoin can't just keep rising up like anything.Dumps are expected as Bitcoin's market is volatile and unstable but due to panic many people just sell their bitcoins to avoid loss that is just foolish, a experienced user knows that this drops are temporary and bitcoins will rise so it's better to either hold or buy bitcoins at low value.

[House_stark]

No I believe Bitcoin will prevail? Absolutely. It will also probably make a great long term investment, but in the short term the price may even drop further.

[FrankNoland]

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.

In my opinion, I think cryptocurrency market is very volatile, this is how it goes, they will always be up and downs. I am not panicking because of the crash, I think we should consider it as the best time to buy more into theses coins, invest as much as you can so that you can benefit when they recover. I bought a few coins last week when their values were still high, but now they have crashed. But I am relaxed since I know that they will always recover, and some have already started recovering.

[KEPLER99]

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.

Most of people are getting panic as per condition of bitcoin, no need to worry. It is may be a schematic way of game in the market to just make people sell their bitcoins so that buying will be higher. Take a deep breath, it will not be going worse, as it is just a dump, a normal dump. Relax and keep patience.