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jamo31
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February 06, 2018, 01:11:24 PM
 #1

Really worried about the price of bitcoin in teh last week particularly,
The senate meeting is in 2 hours about possibly adding regulations to bitcoin in teh US,
Should I just sell before the meeting incase the price really fall?
Any advise, if they decide to add regulation any speculation of the price drop?
Thanks in advance Shocked
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February 06, 2018, 01:12:39 PM
 #2

Look at the price, it's rising.
Looks like dumping whales are all out of coin.
Hodl for now (or go long)
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February 06, 2018, 01:18:04 PM
 #3

Nothing to say. Never thought it would drop to this point so quick, but as it has always been tagged to be "unpredictable" so yeah, that is what unpredictability is. I personally have exchanged some of my coins to USDT while the price was dropping, thinking that I will buy back when it starts growing again. Now that would save me from more loss if the price drops, and I can get profits too if I buy when it starts to grow. So you can try the same if you want. Don't just cash them out, but exchange them to a currency which is stable and buy back when you think the time is right.
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February 06, 2018, 01:28:39 PM
 #4

I dont care what kind of fud is going around, theres no reason to panic sell at a 70% drop from 2 months ago. The U.S. senate is not in the whitepaper.

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February 06, 2018, 01:44:11 PM
 #5

I'm close to panic selling Sad ...not all but at least some of my holdings which I've had since early 2014.
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February 06, 2018, 01:51:07 PM
 #6

I'm close to panic selling Sad ...not all but at least some of my holdings which I've had since early 2014.


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February 06, 2018, 02:03:11 PM
 #7

thanks for input people , ill sell half then and see what happens
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February 06, 2018, 02:10:02 PM
Merited by LFC_Bitcoin (1)
 #8

thanks for input people , ill sell half then and see what happens


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February 06, 2018, 07:18:00 PM
 #9

Senate meeting is going well. As far as I know they spoke about regulating bitcoin exchanges, battle with scam ICO projects and using of blockchain in real life. I definitely support regulating bitcoin and think that most projects are dangerous and can scam newbies. Most newbie people bought bitcoin in december at high prices, and maybe bought some altcoins in high prices. We all know that most exchanges are vulnerable and governments must do something about these things.
I am not an anarchocapitalis, I am a blockchain enthusiast. I think cryptocurrencies will rise with help of governments in the very near future

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February 07, 2018, 09:25:38 AM
 #10

it's better to just calm down do not panic, FUD just happen to relax anyway. remember only the panic that can destroy what we have planned before.
for me there is no point to panic, just let it flow like water and find the most appropriate destination for a stopover ...
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February 07, 2018, 09:31:25 AM
 #11

America isn't the center of the universe Tongue
Even if the USA bans Bitcoin (and go back to exchanging animal skins) the world of Bitcoin won't end.

Bitcoin is like a box of chocolates. You never know what you're gonna get !!
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February 07, 2018, 11:20:26 AM
 #12

Really worried about the price of bitcoin in teh last week particularly,
The senate meeting is in 2 hours about possibly adding regulations to bitcoin in teh US,
Should I just sell before the meeting incase the price really fall?
Any advise, if they decide to add regulation any speculation of the price drop?
Thanks in advance Shocked
exit is the best strategy when the price is falling down and don't let the whales eat all of your profits but you need ro make some technical analysis mate before you exit  which is the potential if it will go down constantly
 and then after you sell wait for the right time to buy again to prevent regrets.
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February 07, 2018, 07:44:28 PM
 #13

Yes if you are worried, you should sell. That's how it works.
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February 07, 2018, 07:55:50 PM
 #14

Leave in what you can afford to lose.  Next time don't invest more than that in the first place.

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February 07, 2018, 08:23:25 PM
 #15

Really worried about the price of bitcoin in teh last week particularly,
The senate meeting is in 2 hours about possibly adding regulations to bitcoin in teh US,
Should I just sell before the meeting incase the price really fall?
Any advise, if they decide to add regulation any speculation of the price drop?
Thanks in advance Shocked
Things turned out better than expected, yes there is the possibility of more regulation but that was to be expected, but there is no risk of a ban and thatis what has been impulsing the recovery we had in the last hours, however you need to rethink your strategy, why you are so worried, did you invested more than what you could afford, because if that is the case then hold until you can sell for a small profit and only leave in the market the amount you are fine to lose in case things go wrong.



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February 07, 2018, 08:30:28 PM
 #16

exit is the best strategy when the price is falling down and don't let the whales eat all of your profits but you need ro make some technical analysis mate before you exit  which is the potential if it will go down constantly
 and then after you sell wait for the right time to buy again to prevent regrets.

Maybe at some altcoins but I see it will not be a wise thing to do in terms of bitcoin. Rather than selling why not just add some quantity on the stash?

If these investors really understand the risks of investing in bitcoin then they should not be worried. What a surprised that they just throw money on investment without any further knowledge about the risks and then when there's a price decrease they will panic like there's no tomorrow.

Regret really happened but not on the basic thing to do.

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February 07, 2018, 08:59:45 PM
Merited by alyssa85 (1)
 #17

I think much better to stay but if you afraid to lose better to sell and exit..
Look at the price chart today from past 2 days it increase back to $8k+ that i think it could increase more sooner.. If people stay holding and let the price increase back again. .
There huge price drop in the past few days where other people are happy to see the price drop they can buy bitcoins in low price and hold for a long time..
And i think it can't affect the price of bitcoin if they add a new regulation for bitcoin in US.
Its always depends in your decision if you out or not since its your money.. but i force you to don't sell because its always happening in bitcoin but the price is always increases year by year..
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February 07, 2018, 10:04:27 PM
 #18

I think much better to stay but if you afraid to lose better to sell and exit..


Agree. If you are anxious, it's because you have staked more than you can afford to lose, and that is making you vulnerable to panic selling. Reduce your holdings to the point where you are only investing what you can genuinely afford to lose.

 
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February 07, 2018, 10:13:38 PM
 #19

The thing that I learned from the previous crashes that I experienced in this market is to plan ahead before entering any trade. Simulate all the scenarios that could happen including a price crash (crazy price crash) or price boom. With that said, it is clear that you entered your money into a trade that you don't have any plan to begin with. That's why you are panic selling at the bottom while you bought at the top (typical way to lose money very fast). As you can see, the price is slowly recovering and you should be at a better position if you only have a plan in your trades.  Undecided

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February 07, 2018, 10:20:32 PM
Merited by exstasie (1), illinest (1)
 #20

thanks for input people , ill sell half then and see what happens

and that was the bottom, folks. between twitter and bitcointalk, i'm glad we have good tools for sentiment reading.

Yes if you are worried, you should sell. That's how it works.

as a general rule, don't wait for the price to drop 70% before selling. either sell into strength and be prepared to buy back higher, or hold through the panic.

it's possible this was just the first leg down, and we could go lower ($3000-5500). but if you've been in bitcoin for a while, you know: wait to sell the bounce. there's no way i'm selling anything below $10,000.

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