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Author Topic: How do you honestly feel about the recent bitcoin drop?  (Read 1153 times)
Sherwood_Archer
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October 11, 2018, 03:11:37 PM
 #1

I am relatively new on this and was just invited by a friend to join. I sold mine months ago so I really don't have much. I was thinking that I would have been deathly afraid if I had any bitcoin and this happened. I know it isn't the first time so maybe it will be a good time to buy?
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October 11, 2018, 03:36:12 PM
 #2

How do I feel about it? Nothing. Bitcoin and cryptocurrencies in general have been fluctuating like crazy since forever, and don't expect that to change any soon.

I know it isn't the first time so maybe it will be a good time to buy?
If you're investing for long term, then it doesn't matter what price you buy the bitcoin at this price range. If you're planning on selling soon though, then no one knows if this is the bottom or not. It can still drop more. The lowest we had this year was around $5900, so it's definitely possible. But then again, no. one. knows.

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October 11, 2018, 04:00:06 PM
 #3

Recent bitcoin drop was a temporary fall which can happen to any market but market manipulation and bad media information has fuel the situation when considering the bitcoin trading world. When considering manipulation unlike other markets crypto trading market is filled with manipulators and that is a major reason why we see values fluctuates without any reason and we don't see any good news that are broadcasting about bitcoin through media and its potential to the business world but most news are filled with negative effect that can happen to the financial world through bitcoin using which makes investors to avoid using bitcoin

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October 11, 2018, 04:01:13 PM
 #4

it's correct . This is not the first time that bitcoin prices have dropped sharply and this is a good time to buy more bitcoins. I find that the growth rate of bitcoin is very good. The current value of the bitcoin is only $ 6280 but tomorrow it could rise to $ 6500. This is good for you to make short term investments to generate quick profits.

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October 11, 2018, 04:07:54 PM
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it's correct . This is not the first time that bitcoin prices have dropped sharply and this is a good time to buy more bitcoins. I find that the growth rate of bitcoin is very good. The current value of the bitcoin is only $ 6280 but tomorrow it could rise to $ 6500. This is good for you to make short term investments to generate quick profits.

I wouldn't give this kind of advice to people. Buying bitcoin right now is very risky, I would better wait and confirm the trend reversal rather than losing in value. Because it can not only raise to $6500 but also go to 5800 and later even lower.



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October 11, 2018, 04:14:05 PM
 #6

OP.. I also didn't have much in BTC so it wasn't a big effect for me. but I saw lots of other crypto people getting panic and started dumping.

it's correct . This is not the first time that bitcoin prices have dropped sharply and this is a good time to buy more bitcoins. I find that the growth rate of bitcoin is very good. The current value of the bitcoin is only $ 6280 but tomorrow it could rise to $ 6500. This is good for you to make short term investments to generate quick profits.

I wouldn't give this kind of advice to people. Buying bitcoin right now is very risky, I would better wait and confirm the trend reversal rather than losing in value. Because it can not only raise to $6500 but also go to 5800 and later even lower.

it's true that bitcoin price was dropped and still low compared to the highest rate. but if someone can hold them for a long time then the current volatility shouldn't be an issue for him. because eventually, bitcoin price will increase.
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October 11, 2018, 04:48:24 PM
 #7

Do not lose faith in Bitcoin. The price drop is temporary, because Bitcoin's price is unpredictable. If you still believe in Bitcoin then Bitcoin will not make you disappointed. In the future, Bitcoin prices may rise and you may be surprised by that.
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October 11, 2018, 04:53:27 PM
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I think it is great, and I'm hoping it will slip even further. I want to buy some more to add to my wallets.

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October 11, 2018, 04:56:35 PM
 #9

How do I feel about it? Nothing. Bitcoin and cryptocurrencies in general have been fluctuating like crazy since forever, and don't expect that to change any soon.

I know it isn't the first time so maybe it will be a good time to buy?
If you're investing for long term, then it doesn't matter what price you buy the bitcoin at this price range. If you're planning on selling soon though, then no one knows if this is the bottom or not. It can still drop more. The lowest we had this year was around $5900, so it's definitely possible. But then again, no. one. knows.

It never went below that. I assume it would be the solids when it comes to the floor. Seems like there are still a lot of newbies that are particularly new to the fluctuation though, I wonder how long can they hold until they start to drop it.  Huh


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October 11, 2018, 05:01:36 PM
 #10

I am relatively new on this and was just invited by a friend to join. I sold mine months ago so I really don't have much. I was thinking that I would have been deathly afraid if I had any bitcoin and this happened. I know it isn't the first time so maybe it will be a good time to buy?

You want me to answer honestly?Well i am happy about the fall and expcting more even because if value drops upto $5,000 my campaign Yobit will finally release our payments l,because from that value they considered paying campaign participants lol

But kidding aside ,I believe that we still haven’t reached the bottom and thats what were waiting before the bullrun happens

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October 11, 2018, 05:09:44 PM
 #11

come on ... the world is like a wheel. we rely on our patience if we want to succeed
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October 11, 2018, 05:11:12 PM
 #12

It just felt normal, actually. Also, it's not really a steep drop but rather a mild and normal one that happens every now and then. Considering that I have my coins for the long term, it doesn't bother me whenever there are negative price changes. If the wallet permits, I buy during these dips and try to get a lower average on my holdings so as to get the maximum leverage when the run starts. While my coins are sitting idly, I'm trying to get as much cash as I can to buy more and more coins in the side for holding.

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October 11, 2018, 05:25:57 PM
 #13

I am relatively new on this and was just invited by a friend to join. I sold mine months ago so I really don't have much. I was thinking that I would have been deathly afraid if I had any bitcoin and this happened. I know it isn't the first time so maybe it will be a good time to buy?

As far as my knowedge, every cryptocurrency has  both ends, the bright and dark end.
Whenever a coin goes down to its extreme level, it has no option other than to rise from that point and sane happening with Bitcoin.
This is really opportunity for you to store as much as you can, because we shall soon see the price going up


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October 11, 2018, 07:02:44 PM
 #14

It was a very small drop, relatively much smaller than the ones on September 5 and 6 and not much larger than September 17. Things like this happen very often, usually at least once a month. You will see a drop in November and you will see one in December, regardless of the market trend. You can find similar monthly drops in a bull market. Want examples? December 8 and 9 2017, November 10-12 2017.

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October 11, 2018, 07:17:26 PM
 #15

This recent drop isn't any surprise in Crypto world. We are used to see drops like that and it's already normal for most people here. But surely, for me it's not good to see BTC price falling, I would like to see it increasing and getting stronger to close the year with good results, so we could start the next year with positive news, increasing the morale of investors in general and potential investors that didn't invest yet.

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October 11, 2018, 07:26:31 PM
 #16

I trust Bitcoin will recover and now it's a goot time to accumulate more. I don't spend my crypto, I just stack them. I accept bitcoin and other few other altcoin as forms of payment. Its a long game. I try not to get bogged down in the fluctuation in the market. Not trying to get rich quick with crypto.

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October 11, 2018, 07:39:36 PM
 #17

lol, wake me up when a real drop happens.  This is nothing, its just another day in crypto.  Hold strong brothers and wait for the next bull run, it will be soon!
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October 11, 2018, 07:46:11 PM
 #18

The general consensus with the seasoned members of the forum is that
they are not worried about the slip in the markets.

The general consensus with the newer members to bitcoin and crypto is
Fear, Uncertainty and Doubt.

The long term outlook is good there will be further rises followed by falls
followed by more falls and more rises. The newbies need to listen to the
ones with experience.


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October 11, 2018, 08:44:29 PM
 #19

I know it isn't the first time so maybe it will be a good time to buy?
the right time to buy bitcoin is when the price is down but it needs to be remembered, don't just buy it, try to do the analysis, usually the price of bitcoin drops because there are certain factors that affect it, but I'm sure the next few days bitcoin will recover its price soon , although in the last few hours bitcoin has experienced a severe price decline
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October 11, 2018, 08:59:56 PM
 #20

Bitcoin has drop on the market and I don't really feel bad about it because looking at other commodities I think they are all decreasing in price so I think its not only BTC and it will surely recover.

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