Re: I'm dumping my bitcoins so you should

Good time to sell again before the drop... always go against the kiddies who are the dumb money which is buying

Definitely a good move, just buy it back once the price starts to rise again. I think we are in the downfall again and if this will continue price may be back to $500 God forbid because I like to see bitcoin succeed and I even dream to see it until $1,000 before the end of the year.

I don't think it will fall to 500$. This fall could be just temporary and maybe the price will be corrected to 600-650$ again. So far there are no signs that price will continue to drop for a longer period so there is no room for dark thoughts.
Don't sell, keep your coins longterm.

Markets usually go where noone expects them to go

I agree even with all the data and charts and statitics in your hand, they will never tell us the next price of bitcoin, all people do is to read and and boast their prediction about the coming day. But it is not reliable, the reason is that we cannot tell what will happen tomorrow. And the stats we are holding are just the previous happening. It does make sense a bit if we study the volume of both recent sell wall and buy wall but still, that does not guarantee something because in just a matter of time, those walls maybe removed.

No one can predict what will be the price of bitcoin in coming days, either it can go higher or lower so you need to be very active in taking actions as you cannot afford to miss the right time to buy or sell and to be honest I don't think this is the right time to dump the coins as price is expected to rise in coming months.