Quote from: valvevow on July 18, 2017, 07:40:51 AM

Quote from: Kakmakr on July 18, 2017, 06:26:09 AM

Quote from: deisik on July 17, 2017, 07:26:27 AM

Quote from: Kakmakr on July 17, 2017, 06:45:29 AM

Quote from: CyberKuro on July 16, 2017, 12:55:06 PM

Quote from: 1Referee on July 11, 2017, 07:22:22 AM

I think you're exaggerating the situation. Yes, this drop enables people to buy back their coins at lower rates, but it's not like the price has gone down massively, or will go down massively. In order to let the panic really kick in, we have to break through various support levels, and then still it's not sure that we will tank below the $2000 level. We're down like 10% since yesterday, and in current circumstances, that's peanuts.

And here we are, on $1825 right now as the lowest point at coinbase. People keep spreading bad news about bitcoin and many people believe those news. On the other side, daily traders could make big profits during this uncertain big drop of bitcoin price. On the edge of hope, we're watching the price and keep in faith that it will rise so significant after segwit implementation. Just prepare your cash to cover daily expenses, so you do not trap at the moment when you desperate need cash while bitcoin price below $1800.

Yip, I think we have reached the turning point now, and if I get back in now, I would still make $500 or more on every coin I buy, if it returns to previous levels and even $1000 per bitcoin, if it goes to $3000 this time. I also want to avoid the mad rush, when people start buying again.

Coinbase and other exchanges are notorious for not being able to handle the traffic, when there is a mad rush to buy, so I want to avoid that too. I do not want to miss out on this one, because I think this one is going to be the big one. ^smile^

That might be a bull trap

Or a dead-cat bounce that we see right now. We may yet to see a lot of pain ahead, so I wouldn't be particularly enthusiastic about this rebound (or a "tipping point" as you call it). It may turn out to be a trap where incautious and reckless bulls will run into. In other words, that would be too simple and too easy to end up like this. Anyway, Litecoin continues to make local highs in bitcoins, so if you don't want to play these game and fall victim to greedy pice manipulors, you know where to hide

Even if it is and it drops much lower, I only lose more profits, because I got back in on a higher price. I would rather get in back now and avoid all the mess that is going to happen close to the 1st of Aug 2017. People will continue trading up to that date, and then they will try to move the coins to safe storage, when it will be very congested on exchanges.

This is not a strategy to make more profits, but rather a method to avoid the peak traffic. ^smile^

We just need to survive on August 1. Until this date, I'm even afraid to look at the price of bitcoins. Despite the fact that I'm optimistic, I transferred some of my coins to fiat, and some to alternative coins. But I really want to go back to bitcoin. This coin quite suited me

It was a safe move, but it might be too early to panic 12 days before the event. You should still keep say 40% of your coins on trading platforms, until the last 2 days before that event to capitalize on the short term chaos. < price volatility > It is during these periods when you make most of your money. < buying low and selling high >

I guess for some it is better safe than sorry. ^smile^