Quote from: torrentheaven on July 14, 2016, 11:37:08 PM

Quote from: pearnapple on July 14, 2016, 11:25:23 PM

Quote from: peta4e on July 14, 2016, 10:49:51 PM

Quote from: Pattart on July 14, 2016, 10:46:50 PM

Quote from: FIN_BTC on July 11, 2016, 05:18:09 PM

Next days could be very critical for bitcoin price development. It is very very bad if price goes below 600usd, because it could trigger panic selling when mining revenue collapse. Hope that price goes 700 USD that it won't happen.

Nope i think it would not create panic as in the last few daya ago the price had dropped to $ 550 before halving come but people do not experience the panic of it? I think people will remain smart in this regard they will remain patient and wait for prices to rise I was afraid it would panic cause prices rise

Yes and now mentality of people is not same it was in the past, even if price falls people will not get panic as everyone knows that price will increase in coming months.

well if the price would drop there would be a lot of panic as everyone would like to take their money out in order to make huge profit really easily and that is a bad thing i think

If price drops now I don't think people will get panic and sell their coins they will choose to hold it until they don't see higher price which is likely to happen in the end of the year.

any kind of drop will cause some kind of panic in the market and there is no exception for it. although sometimes it can be small panic and sometimes a big panic wave.
and apart from panic there is always day-traders who will start selling to take advantage of the situation and buy back at the bottom and make a huge profit.