after only a few days the bitcoin has gone up, but now it's starting to fall aga

[Artemis3]

whether someone will panic again and sell their bitcoin that they just bought a few days ago when going price up and now the bitcoin seems to have started lowering the price again, I hope it won't do it, because the market can suddenly rise and fall very quickly , so we must be calm and not be too hasty in buying or selling when the market moves up and lowers prices.

No, it was because of the bull thinking, they made the price went up too fast and its now its correcting. This might not be the end of it thought.

My only complain is that, once again transaction fees have gone thru the roof. More Lightning Network is needed...

Of course miners will rejoice with the fat bonuses.

[pooya87]

well you have to learn the difference between a pump, rise, rally/bull run, moon/bubble, spike, fomo and dump, dip, correction, crash. these may look the same but they are very different. so when you say "it is starting to fall again" it means you don't know this difference (you are not alone though). this is a fall but it is only a correction. look at the past  couple of weeks. price has gone up from $3k range to $8k range and now it is coming down from that $8k to $7k. that is called a correction.
of course in bitcoin market when such a drop happens, many start panicking and manipulation is always present so it sometimes gets bigger than usual meaning a $1000 drop (12%) instead of a simple correction of 5%

[EdvinZ]

It is a natural price reduction after strong aggressive growth. Bitcoin turned out to be overbought and then a value correction occurred. The usual thing with any traded asset on any exchange. If you study the charts of any stock with rapid aggressive growth, then this situation can be seen often.

[airdagon]

Too fast to conclude that, the price of bitcoin only dropped a few percents and I think it's only a price correction and that doesn't indicate if bitcoin will return to the bear market.

[Btc_1856]

It is a natural price reduction after strong aggressive growth. Bitcoin turned out to be overbought and then a value correction occurred. The usual thing with any traded asset on any exchange. If you study the charts of any stock with rapid aggressive growth, then this situation can be seen often.

Exactly, you are right we have to face the corrections because once the price of Bitcoin increase too much fast and high value and in the same way, the price of Bitcoin will fall and we need to accept it. As a trader, we have to accept both the upwards trend and downward trend in order to wait again the price starts increasing.

[okala]

Too fast to conclude that, the price of bitcoin only dropped a few percents and I think it's only a price correction and that doesn't indicate if bitcoin will return to the bear market.

You are right it too early to start complaining about the price and I believe we are just correction stage which will not last long, bitcoin is gradually recovering at this moment and that is a great movement for the bull to continue running. Am very hopeful that in the next few days ahead the market will be in great shape again.

[bhabygrim]

Just relax I think it is just correction ,We could see that it is now growing up again.
We should really expect this kind of things in crypto when the price pump the people would take their profit and it would make the market fall down again,
But now it is going up again so there is no need to panic.

[aad140386]

It is necessary to closely monitor the level of 6600-6800. It seems to me that if Bitcoin can stay at this level, it will definitely be a bullish signal and we just see a correction that will be bought out soon and we will start to grow again. Now it is clear that the falls are paying off and this is a very positive signal for all of us. It is difficult to imagine what will happen next if the market begins to fall again. Many have already believed that the bull market is back and optimistic about the future, and I am one of them.

[Caladonian]

Too fast to conclude that, the price of bitcoin only dropped a few percents and I think it's only a price correction and that doesn't indicate if bitcoin will return to the bear market.

And then again it will try to move up, this cycle should be learned and every investors who's already engaged are well aware that corrections will happen, as there's early investors who will going to cashout seeing that the value already reached their targets, if you wanted to succeed from this industry you need to workout with your understanding, so can anticipate according to how you react in every trends that will showing inside.

[Lizzylove1]

I buy and sell bitcoin in a quick successions. I am  speculator and that is how most of my friends and group members make their money. Since the market can suddenly just push up and begin to correct in quick succession, then riding the tides is sometimes good for a speculator, BTC/Fiat. If no traders or speculators, how do we get the volatility to make people shout for joy?

[Pattart]

we will follow your thinking and we will all stop buying bitcoin and we will stop selling bitcoins, how do you think the market would look? the market would stop. there will always be someone who is keen to buy and there will always be someone who is keen to sell. You can see this in real life.

The decision would only rely on our hands.
We can sell or buy no matter what the market situation is but the best thing to do is to handle our emotions well. Most people who have accumulated bitcoin will surely sell their coins because they're afraid of the possible downfall of the market again but if we're a crypto enthusiast, panicking has no place for us.

I think according to the OP said when you have to be calm in determining the choice to buy or sell does not mean you have to stop to sell and buy. what is meant by OP is you have to be calm, don't include emotions in making choices, and don't panic. You have to organize it well, you have to research the market, because it could be after that the price rises again, like today.

[Ridwan Fauzi]

If you are newbie to investing bitcoin and then I'll say welcome to a lucky place of an investment. I say it just because we never know bitcoin will come to up and we never know also bitcoin price will come to down. Especially when its price has been up and suddenly its price falling down again and that all thing has always happened in bitcoin price.

But, I got knowledge from some users on this forum, when bitcoin price up you must be a trader but when its price goes down you must be a hodler if late to sell my bitcoin when its price has been down. I must be a trader because with I look at the candle pattern I will know the manipulation candle and the candle that changing by a trader. With the result that, I can eschew the manipulation when I see the candle so as I shunt from a losing.

[kaya11]

It seems professional  and whale traders are making big profits by now. Only ones who didn't sell are us, small time traders or simply put long run holders. I guess I don't have any technical skills and I am not analyst. When we are talking about Bitcoi nthe only thing I knew is to hold unless there is an emergency or it is badly needed.

[phamminhtan]

As expected this is only the first part of a new cycle or this will be a trap that the whales set up for the fry to grow.

[Red-Apple]

It is a natural price reduction after strong aggressive growth. Bitcoin turned out to be overbought and then a value correction occurred. The usual thing with any traded asset on any exchange. If you study the charts of any stock with rapid aggressive growth, then this situation can be seen often.

Exactly, you are right we have to face the corrections because once the price of Bitcoin increase too much fast and high value and in the same way, the price of Bitcoin will fall and we need to accept it. As a trader, we have to accept both the upwards trend and downward trend in order to wait again the price starts increasing.

as a trader you should not accept things, instead you should try to predict them. otherwise you can not call yourself a "trader" and this fall was predictable to some extent. meaning when price went up without a correction you could have expected a correction to happen and as a trader you must have been ready for it instead of accepting it after the fact.

[Crypto Girl]

Nothing to be bothered honestly since we always have this and besides this correction actually what every trader is waiting to have a good entry. So if you guys will panic and don't take advantage to this, well you're all fool for letting this chances to slide.

We're heading into bulls so just keep on accumulating and hold.

[Lumi3004]

That's the name of trade or investment in seconds the price can go down, this does not become a negative thing, in fact some people use this moment in trading / short-term investment. The advantage is pretty, so you know the price, graphics and analysis frequency.

[michellee]

whether someone will panic again and sell their bitcoin that they just bought a few days ago when going price up and now the bitcoin seems to have started lowering the price again, I hope it won't do it, because the market can suddenly rise and fall very quickly , so we must be calm and not be too hasty in buying or selling when the market moves up and lowers prices.

If he thinks that is a good way of making a profit, then he can do that way so he can wait for another buy price which will be lower than before. That is the function of analyzing the coins so he can find the right time to buy and sell, and even he can decide to sell the coin in what price. But yes, I agree that he needs to stay calm if the price is increases or decreases because sometimes that is only a shock therapy for traders to be panic.

[Tipstar]

whether someone will panic again and sell their bitcoin that they just bought a few days ago when going price up and now the bitcoin seems to have started lowering the price again, I hope it won't do it, because the market can suddenly rise and fall very quickly , so we must be calm and not be too hasty in buying or selling when the market moves up and lowers prices.

It's probably just a correction. The price of bitcoin was around 6K before the rise and now it's stuck above 7K, a 1K rise in price and the price is rising further more as of now. Even if we don't see a rapid bull, bitcoin has already started to climb the gradual ladder up from the low of 5K.

[jakelyson]

whether someone will panic again and sell their bitcoin that they just bought a few days ago when going price up and now the bitcoin seems to have started lowering the price again, I hope it won't do it, because the market can suddenly rise and fall very quickly , so we must be calm and not be too hasty in buying or selling when the market moves up and lowers prices.

It is always not wise to do FOMO. It is also not wise to panic sell when the price falls after you FOMO. Luckily, the price seems to have strong support at 7K. Those who bought at the top of the current run can relax because the price is slowly recovering. I can feel that it will test the 8K level again soon.