bitcoin falls again: how to react

[Welhell]

Everything is fine, but if there is no buyer, there is no seller and exact opposite. Not worth getting upset, because that incidents always happen. We have to assess this situation correctly and get more coins for cheap price.

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[exstasie]

Bitcoin price drop is simply because of the law of supply and demand. If a bad news was released, many people want to get rid of the coins they have due to panic. Sometimes fud after fud comes out so all the more people lets go of their kept coins thus further lowering the value of bitcoin.

The price of bitcoin is in our hands. Let's help each other.

What's more interesting to observe is what the market doesn't react to. For example, yesterday:

Circle Rolls Out Crypto Investment App in 46 US States
BREAKING: Coinbase Receives E-Money License from UK Financial Regulator

Good news, right? But nobody cared. The market dumped shortly after and has continued to sell off following the Senate hearing. When the market is bearish, good news won't save you.

[jadenunderhill]

<8k

Let's check 7k.. or 6K

[gatti]

We should have some responsibility to save a price of bitcoin personally.If the price of bitcoin is reduced don't do panic selling,instead you can just hold.Because panic selling avoid the further price reduction of bitcoin price.

[poplolnman]

I would just keep buying whenever the price drops and start buying at multiple levels.This is the only way to maintain a healthy portfolio and also ensure that we are not buying at highs which will land up in losses and will take much time to close at breakeven as well.Its always advisable to keep the portfolio at good levels.

What you can do then when your whole funds has converted into Bitcoin ? That's what makes a lot of people never feel so comfort to hold what actually they have bought but the price keep declining so quick in longer time and causing a huge loss. Everyone knows how to keep buying in the bearish period , but seriously you are against the trends and it cost too much risk .

[francedeni]

We should have some responsibility to save a price of bitcoin personally.If the price of bitcoin is reduced don't do panic selling,instead you can just hold.Because panic selling avoid the further price reduction of bitcoin price.

Bitcoin falls and we could expect that this happen in the market. Others react of panic selling to cut loses, but others also not to fall with emotions. Rather, hold for long term is the plan for them to earn huge profit in the long run.

[Zuilhsa]

We have to be calm at this moment, bitcoin has reduced to $8200 and may be it can fall up to $7000 as many sell offs occurring, many had started to sell the coins with fud which makes the price to drop further, no need to be panic hold on to the coins in hands so that market will be stabilized soon.

[seleme]

Falling prices are good for those who sold at hgigh price and respected to main trading rules. Buying in falling market is something like to catch falling knife. Bitcoin price will test 5000$ level and keep bouncing till reaching accumulate price on resistance.

[entebah]

<8k

Let's check 7k.. or 6K

if this happens I'm sure there will be panic and will expand. maybe BTC will go free as long as there is no fort and anyone let it continue to fall.
I think everyone does not want Bitcoin to fall too deep and is preparing a thick wall.

[darkangel11]

Falling prices are good for those who sold at hgigh price and respected to main trading rules. Buying in falling market is something like to catch falling knife. Bitcoin price will test 5000$ level and keep bouncing till reaching accumulate price on resistance.

It's not that easy. Those who sold at 15k or higher have already bought back. That's how it works when the price rebounds like it did after reaching 6k USD. It's the same money in play most of the time. So, there are no millionaires coming in to save the day, which might be seen as a bad thing, but at the same time the number of players is very limited, which means that the same people are pushing the price up and down every time. What does it mean? That there won't be enough pressure to create an avalanche. We'd need a huge bull trap to play out first and i'm not seeing anything like that forming  this year.

[bohr]

Bitcoin price drop is simply because of the law of supply and demand. If a bad news was released, many people want to get rid of the coins they have due to panic. Sometimes fud after fud comes out so all the more people lets go of their kept coins thus further lowering the value of bitcoin. So if more people sell, more bitcoins are available for sale. This lowers the demand for bitcoin resulting to decrease of its value. So to counter that, instead of selling our coins out of panic, we must buy more coins to leverage the amount of sold coins. We must do this together so that any fud or bad news won't affect the price of bitcoin. The price of bitcoin is in our hands. Let's help each other.

Well you cannot actually force people to stop selling since it is their money. People panic during this time because they want to avoid losing their money. All the bad news spreading is making it more easy for big market players to manipulate the price and I am sure soon bitcoin will rise again once market players start buying bitcoin at cheap price. So, it is better to be just patient.

I agree, people decide what to do with their money and if there are people willing to sell for a bad price despite the huge amount of advice in the forum about how to avoid that then they deserve to lose money, also if you think about it not everyone can earn money in the market there need to be winners and losers and if they want to lose their money then that is their problem.

[removebeforeflight]

Do not panic and sit back patiently, this down trend is temporary. Bitcoin or any crypto price is volatile and you need to wait and reap the profit. Do come out of panic and anxiety, nothing to worry now since Bitcoin price would become double or triple soon. My prediction is double the price before May and top price during mid June or July maximum. If you have sufficient money just go ahead and buy some more sine this is the right time to buy.

[Fafabol]

Falling prices are good for those who sold at hgigh price and respected to main trading rules. Buying in falling market is something like to catch falling knife. Bitcoin price will test 5000$ level and keep bouncing till reaching accumulate price on resistance.

It's not that easy. Those who sold at 15k or higher have already bought back. That's how it works when the price rebounds like it did after reaching 6k USD. It's the same money in play most of the time. So, there are no millionaires coming in to save the day, which might be seen as a bad thing, but at the same time the number of players is very limited, which means that the same people are pushing the price up and down every time. What does it mean? That there won't be enough pressure to create an avalanche. We'd need a huge bull trap to play out first and i'm not seeing anything like that forming  this year.

That's why we need some huge good news to have those price to bounce back but we actually don't know when to have this like I don't see any traces and signs for some good news.

In this kind of time that fears and doubts are everywhere and seeing my folio in bloodbath makes my eyes hurt thus there's just one thing to do now, it's the opportunity to buy more even I don't have any food to eat now.

[EdenHazard]

Falling prices are good for those who sold at hgigh price and respected to main trading rules. Buying in falling market is something like to catch falling knife. Bitcoin price will test 5000$ level and keep bouncing till reaching accumulate price on resistance.

just wait a little longer now , i do personally really want to buy another bitcoin , compound it not to trade it as i have sucks time to trade recently , situation around are so messed up so i will just make an action when the charts shows a good sign to skyrocketing.

i mean to buy it later on the time where in the 3 days consecutively price keep moving up not buying on the situation where it falling like in the last 3 days .

[RamonBTC]

If we hardly can’t control the ICO scamming in this crypto world. How can we stop FUDs and bad news spreading? When most of the person does this is among the members and have the interest of profiting from dip of bitcoin, through buying at low price or promoting other coins. It’s a hard battle between what is wrong and right, if no rules is in control. Buying on dip is a strategy, but not a responsibility that we need to follow.

[sana54210]

I agree with this, people tend to go panic as they see the price drop, they sell their bitcoins resulting to another price drop. They must be knowledgeable about trading and economic laws. I think we need to hold more to make the price at top again.

The recent dumps are really not at all good news specially for those who have just joined the bitcoin or they were expecting some big profit in the first quarter of year 2018.

But before you make any move, just listen to this that you are not the only one who is suffering from this and those people who really have managed to get a lot of profits out of the bitcoin also had bad times in the trading, so just relax and trust the system, you will get the benefits.

[bohr]

I agree with this, people tend to go panic as they see the price drop, they sell their bitcoins resulting to another price drop. They must be knowledgeable about trading and economic laws. I think we need to hold more to make the price at top again.

The recent dumps are really not at all good news specially for those who have just joined the bitcoin or they were expecting some big profit in the first quarter of year 2018.

But before you make any move, just listen to this that you are not the only one who is suffering from this and those people who really have managed to get a lot of profits out of the bitcoin also had bad times in the trading, so just relax and trust the system, you will get the benefits.

It is true that for those that invested when the price of bitcoin was very high the dump in the market is not really good, however it is their fault for buying when the price was so high, bitcoin has almost ten years of existence and if you have bought almost at any time during those years you could be in profits right now, only those that bought during a very small window of time are still losing money, so that is their fault.