Quote from: justdimin on January 09, 2017, 06:05:54 AM

Quote from: spiritglove on January 06, 2017, 07:53:23 PM

I know we are currently seeing the fall of coin prices, and many of us may think to get out while the getting is good. Well if you need the money, I guess that is understandable. However if your in it for the investment, and you can hold your ancie pants together during the drop. I don't need a chart to tell you that Bitcoin is on a continuing upward trend, in spite of coin price drops.
Panicking and selling off not only hurts your longterm investment, but breaks the market down also. I know speculators that just made hefty purchases at high prices are losing,

Don't panic there is a way to recover the loss

There are currently two forces which are driving bitcoin market price levels lower : one is profit booking from long term bitcoin holders and the second is obviously panic selling from both short term and long term holders.

I am afraid as long as we are not getting new investors and new bitcoin adopters, this trend may persist. Because no one will be buying when they are seeing continuously falling prices. Moreover we now need a strong pump to gain back the trust on bitcoin price level among all types of investors.

there is also another force, and that is the fact that some traders have turned bitcoin into their plaything and are enjoying the volatility. for the past couple of days I keep seeing 800ish then 900ish price over and over!

and about new investors, they will come and they are coming. these periods like this where prices are very volatile and things look bad to our eyes are only temporary and they will end. besides when you want to invest you don't look at the past days or even weeks, you check out the whole thing and see how it was performing through the time it existed.