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Author Topic: Don't worry, Bitcoin will be fine.  (Read 7773 times)
Handsome Boy
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August 05, 2018, 03:22:43 AM
Last edit: August 05, 2018, 03:33:37 AM by Handsome Boy
Merited by V1saya (1)
 #1

why does everyone start to panicking when they see the price of Bitcoin dropping so much, in my opinion it is natural that the price of Bitcoin falls because Bitcoin has experienced the same thing as now, so I suggest not to be afraid and panic.

we will see from this graphic :
1. On April 29, 2013 the price of Bitcoin was only $ 135.30


2. and on November 30, 2013 the price of Bitcoin increase high at the price of $ 1,149.14


3. then on January 2, 2014 the price of Bitcoin decreased at a price of $ 773.40 and on December 31, 2016 the price of Bitcoin began to increase again


4. and the price of Bitcoin began to rise high at the price of $ 19,783.30 on the 17th of December 2017


and as we know, now the price of Bitcoin at $ 6,948.46 and this is indeed down very far compared to prices on December 17, 2017, but it has already happened in 2014 where the price of Bitcoin dropped very far and it continues until 2016 and in 2017 finally Bitcoin prices start to increase again (it takes around 3 years to make Bitcoin prices rise). so from that, I'm sure the price of Bitcoin will increase again even though the time needed is not short.

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August 05, 2018, 03:35:16 AM
 #2

technically it is not natural to have a fall like this when everything is going fine and there is a lot of positive news around signalling rise but then the market moves in the opposite direction. there must be something unnatural happening that causes this kind of drop out of nowhere!

but of course the panic is not justifiable either.

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August 05, 2018, 03:42:45 AM
 #3

Yes bitcoin it will be fine. And don't panic, bitcoin will raise up again. And if you want to buy bitcoin again now is the best time to buy . Then you can sell it when the price is up
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August 05, 2018, 03:51:16 AM
 #4

and as we know, now the price of Bitcoin at $ 6,948.46 and this is indeed down very far compared to prices on December 17, 2017, but it has already happened in 2014 where the price of Bitcoin dropped very far and it continues until 2016 and in 2017 finally Bitcoin prices start to increase again (it takes around 3 years to make Bitcoin prices rise). so from that, I'm sure the price of Bitcoin will increase again even though the time needed is not short.

it is true that after bitcoin has increased and suddenly falls, it causes investor panic so prices continue to fall. but I believe bitcoin will continue to exist and will continue to experience price increases in the future  Cool

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August 05, 2018, 04:00:22 AM
 #5

I believe bitcoin had already proved it's worth and was able to achieved such highest mark in the last Q4 of 2017. With this, I think bitcoin is just fine for now and existing fluctuations are just a part of its correction wherein it may regain back from it's dip in the coming months to come. Therefore, btc holders will just have to stay put and need to patiently wait for the recovery that may happen soon.
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August 05, 2018, 04:05:00 AM
 #6

bitcoin is a big currency. it dominates every other currency. bitcoin is now very popular in Asian countries. i hope the bitcoin will back strongly...
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August 05, 2018, 04:06:44 AM
 #7

There is a lot of naysayers especially when Bitcoin goes down, but as we can see it always bounce back.  I don't see anything to worry about
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August 05, 2018, 04:12:00 AM
 #8

why does everyone start to panicking when they see the price of Bitcoin dropping so much, in my opinion it is natural that the price of Bitcoin falls because Bitcoin has experienced the same thing as now, so I suggest not to be afraid and panic.

we will see from this graphic :
1. On April 29, 2013 the price of Bitcoin was only $ 135.30
https://steemitimages.com/0x0/https://cdn.steemitimages.com/DQmcj87AFpnNdqbPdRVYBJB6Zd8bSjmMqqp8kHjiMEszyrP/b4.jpg

2. and on November 30, 2013 the price of Bitcoin increase high at the price of $ 1,149.14
https://steemitimages.com/0x0/https://cdn.steemitimages.com/DQmcngKTWQYbDvg2KWSd2rwUsZTpFMuyMraeHxBADHAfXar/b1.jpg

3. then on January 2, 2014 the price of Bitcoin decreased at a price of $ 773.40 and on December 31, 2016 the price of Bitcoin began to increase again
https://steemitimages.com/0x0/https://cdn.steemitimages.com/DQmV8DNWMg2BfWNha7QUWuQXfvu7DEHR39a96k85fzPJCsp/b123.png

4. and the price of Bitcoin began to rise high at the price of $ 19,783.30 on the 17th of December 2017
https://steemitimages.com/0x0/https://cdn.steemitimages.com/DQmRHe7w2gCeo8z7GTsY8N7xo5PnDmJdrSnk7pvyQjnikBx/b2.jpg

and as we know, now the price of Bitcoin at $ 6,948.46 and this is indeed down very far compared to prices on December 17, 2017, but it has already happened in 2014 where the price of Bitcoin dropped very far and it continues until 2016 and in 2017 finally Bitcoin prices start to increase again (it takes around 3 years to make Bitcoin prices rise). so from that, I'm sure the price of Bitcoin will increase again even though the time needed is not short.


Right, bitcoin will be fine even if the price is as low as this. Panic only worsens the situation, we just need to be patient and keep holding bitcoin.
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August 05, 2018, 04:18:01 AM
 #9

You are very correct and we are going to see this for awhile not because some panic or there is fud or any other bad or good news , the technical analysis is just the best for the crypto , fundamental only add or minus value all because of human reaction toward the market ,only if we all understand the market then the market will never give what we want but as we have noobs the market go the way it should go, some never believe we can have more dip, I told a friend around May this year that after this last test of $10,000 we might not see $10,000 again in this 2018 year and he said No, but has things going now I think my prediction is going to come through, and before we see new ATH high might be 2021or more again so if you believe buy more when it hit $6000 again and hold for long time .
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August 05, 2018, 04:46:03 AM
 #10

You are right, I think this is normal don't panic when prices fall. Bitcoin prices will rise again, Bitcoin is a long-term investment, do not sell and just hold in this time.

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August 05, 2018, 04:56:49 AM
 #11

(it takes around 3 years to make Bitcoin prices rise). so from that, I'm sure the price of Bitcoin will increase again even though the time needed is not short.

the important thing to remember is that just because once in the past it took a certain amount of time before the big rises begin it doesn't mean every time after that should take the same amount of time to have the same amount of rise. that was a one time thing and the situation was very different (smaller market, biggest exchange in the whole world with 85% of the volume ran away,...)

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August 05, 2018, 05:05:21 AM
 #12

Indeed, when you are in Bitcoin you have nothing to worry, because you are handling the highest value crypto in the coin cap market. And you have to accept the normal trend that there are green days and red days i mean there are days that the value will go lower and lower but definitely it will recover in due time. That is the notrmal trend in the coin cap market, it is just like the same as fiat currency that goes up and down.
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August 05, 2018, 05:10:20 AM
 #13

Why, is there any problem with Bitcoin? By definition, we know Bitcoin (like other cryptos) is volatile, and its price fluctuates in seconds... if more people want to sell, the price will decrease. Bitcoin's value can be volatile when compared to more established currencies and commodities. This can be attributed to its relatively small market size, and it means that a smaller amount of money can move the Bitcoin price more significantly.

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August 05, 2018, 05:10:35 AM
 #14

for us also not worried that bitcoin will grow better in the future, because bitcoin is also very popular throughout the world and also many people who invest in it.
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August 05, 2018, 05:21:37 AM
 #15

Dont get panic about current price drop, because this is normally happens in the coinmarketcap. We all know once the price drops means automatically it will rise again. Dont sell your bitcoin this is not the right time. Just hold it for long term surely the price will pump in future. At that time you can sell and earn good profit. Bitcoin has a wonderful future so dont worry about the current dip.

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August 05, 2018, 05:24:58 AM
 #16

Of course bitcoin will be fine.  The problem is to people's money and assets.  The volatility of bitcoin may cause the increase of heart attack risk to people who hold bitcoins. Cheesy

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August 05, 2018, 05:25:22 AM
 #17

Bitcoin will always be fine. It is just a matter of timing of investment and good strategy where you can earn Bitcoin. Trends are normal and since it happened for the past years and after its downfall we know that recovery will come next.
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August 05, 2018, 05:28:23 AM
 #18

Stay calm, bitchoin breathes in deep breath, if you wanted to buy a bitco now it's the right time. You can then sell at a higher price.
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August 05, 2018, 05:31:21 AM
 #19

A lot of newer investors lack the patience of the old heads in these forums, so they get upset when bitcoin doesn't go up every day like they expected. If we look at a long-term chart, we will see that bitcoin has outperformed all traditional assets in the last few years.

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August 05, 2018, 05:32:39 AM
 #20

Currencies generally round the world appreciates and degenerates atimes. So will be the same for cryptocurrencies. So no need for panicking now.
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