Don't worry, Bitcoin will be fine.

[oppasong]

obviously the price of bitcoin goes so far that all bitcoin holders feel worried about things like this, but believe on the other hand bitcoin will rise again after several issues that drop bitcoin now if I am in the current situation the choice I use is to save bitcoin now in the run quite a long time and sell it if the price of bitcoin has risen again.

[hugeblack]

The abnormal thing in yesterday's decline is the positive news from NYSE[1] and Starbucks[2].
The past days have been full of good news for Bitcoin and cryptocurrencies regarding traders adopting and extinguishing the institutional nature of digital assets, by accepting Microsoft, Starbucks with this technology.
Despite this positive, however, the market has been dealt with negatively as the price of the bitcoin has dropped about $ 500 in less than 6 hours.
I read some of the analysis of "OTC that is the reason for this decline.[3]" Of these analyzes are true, Bitcoin still suffers from the dominance of big whales.
Sources:
 [1] The NYSE's Owner Is Launching a Startup Exchange for Bitcoin
 [2] Starbucks team with Microsoft on new payment using bitcoin
 [3] Bitcoin Over-the-counter

[policeoo]

I believe everything is going to be just fine. I am a long time in Bitcoin now, and I am waiting for a bigger price than 19 000 dollars. The first thing that needs to be done is time to market to recover. Nex two years will be better for bitcoin for sure.

[CryptoGamblingSites]

why does everyone start to panicking when they see the price of Bitcoin dropping so much,

As long as it's higher than the first time you bought it, "buy the dip," are wise words hodlers learn at some point.

The people panicking (most likely) bought as a way to make quick gains and sell, that is not a good reason to get into bitcoin.

[Aleh777]

Dont worry about the bitcoin price when it goes down. Because pump and dump normally happens in the market. Dont get afraid and sell just keep the bitcoin for long term. Still the value of bitcoin become very high. At that time you can sell and earn more profit. Every year bitcoin had faced the same problem. First it starts to decrease at the year end it will starts to increase.

[djcounter]

In my opinion, Bitcoin's previous growth was due to a popular commotion.

[Janation]

I believe everything is going to be just fine. I am a long time in Bitcoin now, and I am waiting for a bigger price than 19 000 dollars. The first thing that needs to be done is time to market to recover. Nex two years will be better for bitcoin for sure.

A lot of people are thinking that Bitcoin will be having a pump quickly within months but what they really need to wait is years. They are quickly being disappointed on the quick changes of the price at some couple of months.

But if we will be comparing the price of Bitcoin yearly, the price of Bitcoin greatly increase this year than last year's. I don't know if that will happen this year since as I can remember last year, may or june is the month that the price continue to rise.

[kucritt]

from the expereince in the graph history it look nice, i hope that right now the price of bitcoin is in the low and maybe in the future bitcoin price can increase more and more until $20000 again like the end of past 2017

[Caladonian]

from the expereince in the graph history it look nice, i hope that right now the price of bitcoin is in the low and maybe in the future bitcoin price can increase more and more until $20000 again like the end of past 2017

New height still possible to achieve, no one knows when that things will happen but since there's already a lots of bitcoin followers and holders we are now waiting for the new bounce, this certain downfall is another test for holders and panic sellers, if they can resist this and continue to hang on then it will break out and we will expect the bull run, just patiently hold and invest more.

[Gabteb]

Yep in long term it rise and people who have seen many deeps know afther bear comes bull and again so mostly newcomer who dont know this start panic about this situation.

[Marachgalthena]

DO NOT BE AFRAID

Technology is always ahead of the law + one step ahead. Same as bitcoin

Conventional behavior does not make the development, the technology boom weakens, it also makes it stronger, more anti-fragile. The problem is time.

[Juggy777]

It's normal for me to see this dump as this is the direct confusion of the rejection of the etf which was always going to be rejected but people did not understand cboe is the main etf that we're waiting for, once that'll be approved every one can expect insane prices. Though it may take a while it's okay in the long run we'll always manage.

[nellakarisma]

I'm also sure that bitcoin will be OK bro. but whether the price of bitcoin will forever fall. if there was a bitcoin price increase when? because it's half a year the price of bitcoin has fallen. and there are no signs to rise again ..

[oppasong]

the market is now experiencing a price decline but this is not so to worry because bitcoin will rise again as the previous year happened if I myself this moment will be made to hold more bitcoin and save it and we wait for the price of bitcoin to rise then sell it from there we will get many benefits.

[Binugon]

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.

Now many people in the world are using Bitcoin, but when the price has decreased it will definitely make investors panic and worry, but I hope that Bitcoin will experience price increases and continue to rise, because we already know that Bitcoin always has very fast fluctuations.

[btcluisdiki]

Yes, Bitcoin will always be fine and btc supporters should not worry at all in the event where there are long bear markets and should not panic. Bitcoin will continue to prosper as there will be more incoming investors that be participating thus resulting to improve it's market value. Investors and hodlers of btc should further hold their btc's as the time where it will make a huge pump is nearly coming.

[Mateo123]

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.

When you look at the price keep decreasing, i think its normal to be worried but most importantly dont be panic!thats the thing, keep in mind that all of these are part of the cycle, just have faith in bitcoin so that you can surpassed this feeling....

[Kenneth_Bianchi]

The abnormal thing in yesterday's decline is the positive news from NYSE[1] and Starbucks[2].
The past days have been full of good news for Bitcoin and cryptocurrencies regarding traders adopting and extinguishing the institutional nature of digital assets, by accepting Microsoft, Starbucks with this technology.
Despite this positive, however, the market has been dealt with negatively as the price of the bitcoin has dropped about $ 500 in less than 6 hours.
I read some of the analysis of "OTC that is the reason for this decline.[3]" Of these analyzes are true, Bitcoin still suffers from the dominance of big whales.
Sources:
 [1] The NYSE's Owner Is Launching a Startup Exchange for Bitcoin
 [2] m/2018/08/03/starbucks-partners-with-microsoft-ice-on-new-cryptocurrency.html]Starbucks team with Microsoft on new payment using bitcoin
 [3] Bitcoin Over-the-counter

That's what makes this a bit illogical, with all that positive news about Bitcoin's accessibility and adoption for different businesses, why would it be going down still? Wouldn't people want to buy it because of those reasons?

How would OTC be the reason for the decline? It's just a marketplace where retailers buy and sell coins. That's like saying that the Nasdaq was the reason for the decline in tech stocks last week. The exchange mechanism is just a place for trading.

Maybe some of the central bankers are getting in line and shorting Bitcoin for shits and giggles.

[poonampawan]

This unnatural fall is most probably due to market manipulations by the Big Investors or whales but it will get sorted out in some time, it always does. We'll see green days again in crypto and Bitcoin will be fine.

[Bdstar]

I think so. If you consider a new project in an unfavored market then it's really difficult to sustain in a short time. I always think in this perspective, Bitcoin and blockchain system basically a new concept around the world so it needs a lot of time to rule this monetary world. That's why Bitcoin will be fine so Don't be panicked.