Topic: an annual tradition that can be a fortune (Read 325 times)

There are two kinds of people who panic in these situations, one is your average Joe who has invested all his life saving without having any knowledge of bitcoin and the other are big investors who has millions of dollars invested. For both of them even a small % decrease means a substantial loss, they can afford it in the short time so they prefer cutting their losses than risking losing more.

Panic is what causes the price dumps and the price pumps, you cannot have one without the other. We would not have experienced 20k BTC if it was not for people panicking and being fearful of missing out. As soon as panic becomes less of a thing in the market we'll move towards much more stability.


It's much too early to say if we are going to be in a multi-year bear market. It's entirely possible but it is also possible that we bounce before 6k and enter a period of relative stability/slight recovery. Most of bitcoin's growth last year was from may onwards, if we can stabilize before then it's still possible we see something similar.

We see's a downtrend of prices anytime or the moment that we didnt expected it. It is ordinary situation of market the bearish trend, moreover we should react of already knows this situation. That, we should not into panic selling all.

It is just a phase were one should be calm or it that drop which is going to take a huge pump after this drop. When no one expects to recover the market starts strongly moving up because when everyone is in fear big bulls buy from that point and thus sell when other start buying at higher price

Because some know how it was (the knowledgeable) and some has few knowledge how it goes and how it was (the novice and mid-starters). It is just a few quantity who survives if the market gets bearish, the attitude towards trading, hodling and other concept must be observe as always.

The simple answer would be that newbies don't know any better. All they see is that they lost 20% of their money overnight, so it's hard to blame them if they want to cut their losses. It's sad and a little annoying that they contribute to these fluctuations, but they don't matter in the long run anyway.

Also, who says no one is using these predictable drops to their advantage?

The fact is, there are several recurring trends throughout the whole year, and I'm sure day traders have already taken note of them. Take last December for example. January has historically been a weak month for crypto, so they could have easily sold Bitcoin at its peak mid-December, contributing to the dump, then bought again once prices have plummeted, as it usually does on January. Doing this would have doubled their Bitcoin easily. It's risky but it pays off.

That's most likely going to be our situation for a while. The market might continue in a bearish trend until the Wales have bought enough of panic sellers coins

this is a long term bear market weve now entered. imo price will be stagnant and dropping back below support levels for a long time. realistically id say we are about 3 years away from another pump like was seen at year end.

this is not at all an annual thing. we have downtimes every year, that is true but we do not have long bear markets in bitcoin that often. they are somewhat rare and now we are starting to enter one of the longer bear markets and last year or the year before that we didn't have this type of bear market.
don't confuse the drops that happen and are usually corrections with a panic sell, or FUD dump, and things like that. they are very different from each other.

we all have to be smart in arranging the plan, in order to always gain more profit in the future.
Every cloud has a silver lining, this situation is coming to an end and I think the bitcoin price will soon take off to a higher and convincing place.

we should learn more wisely and wisely with learning this last 3 months. various attacks continue to be launched to affect the value of bitcoin of course other crypto. the effect is, new investors in panic and create a decline. whereas any prohibition, has not been proven to have adverse effects. therefore, we can make the market stable and not down by holding back and more calm.
second speculation, as the op said. this is an annual tradition that we can take lessons from buying crypto with cheap price.

yes, you are right with that problem. but, are not they not too calm to deal with this situation? IMO if they calm down, they will be able to get a profit and not a sudden loss. it is a fear of loss in every human being, but if it is so not only those who lose, others also feel the impact because of the many people who panic. people panic will usually complicate the situation, hopefully in the future there are not many people who panic again and they should think calm if you want to get a profit.

They are also afraid to lose their investment even they know bitcoin is always fluctuating. They are forcing their feelings if they read a bad news it is one of the reasons, why the price of bitcoin is drop. If they don't have faith in bitcoin it will result in panic selling just like what happened these days because of spreading FUD's.

And I think other traders are also selling because they don't want to lose an opportunity to make a profit and they are just following the trends, then they can buy bitcoin again with the lower price.

I believe that the movement of the price these days are normal the same as bitcoin what happens past few years. If we don't support maybe the price of bitcoin is lower than we think.

Year by year the price of bitcoin had different movement and last year we experience a huge price increase of almost 1000% because of block halving

So this year if bitcoin doesn't have any event. Bitcoin will stay normal movement as what happened past years ago like 2015 or 2016 compared to what happened last year.

It's a common doubt among many enthusiasts. I see many people joined the market last year when BTC was skyrocketing really fast. They didn't have previous experiences with this market (the rises and falls, the volatility), they thought Bitcoin would continue on that positive trend for a long time and it didn't happen. So they became afraid and start selling.

Also, some big investors retreated because new countries' regulations. Guys who move large sums of money (some dirty money as well) affect the market a lot if they quit for a while.

It's impossible to set collective strategies here, we are talking about people from everywhere, that don't know each other, that don't have the same informations' sources, don't have the same interests, etc... Things tend to get better when new improvements are made in Bitcoin, like the possible Lightning Network for an example.

I agree, every year, bitcoin always go down at the beginning so its a good buying point. However, most of the investors think otherwise, they panic and sold off their stash instead of accumulating more.

Right now I just saw the price go below $8K again, by what are others still reluctant to buy. We should all look long term. Probably at the end of the year, bitcoin could see another exponential growth.

So again, strategy and patience is the key here in order to realized your potential gain, one must buy in this price correction and then see how it goes for you. So to everyone, see you in December.

This guy should win an Oscar for figuring this out. This thing has been discussed back and forth all across the forum all the time and seriously no one bothers to read these. Had people read one thread and followed, we won't have been seeing panic selling every goddamn year. People understand the ideology of how investments work and you repeat the same thing a hundred times also they won't be able to comprehend it. So give up, you're just wasting your time.

I doubt the same people are making the same mistakes over and over again, that would be tough to believe but I suppose not impossible. But you have got it correct every time there is hysteria in the market I believe a new wave of investors think this is their chance to get rich quick, and only to find out they bought the top and they are going to get broke quick . It isn't funny but at the same time you do need some of these people to profit, otherwise the market wouldn't be as profitable as it is.

The far majority of the people don't understand anything of this market, and don't even know what crypto actually is. The only thing they are here for, is to book quick profits, but the only thing they are doing because of their stupidity, is booking quick losses. They don't care one single bit about what's powering crypto, the blockchain, or peer to peer transactions. In large numbers, these are the people buying up the market to record highs, and also dump the price down afterwards. It basically means that they complain about something they largely themselves are responsible for.

While people keep panicking, I just enjoy reading through this forum everytime a correction has taken place. It was like that back in 2013, and is still like that today. Noobs buy at peak levels, sell at a loss because they think Bitcoin's time has come to an end, but blatantly buy back once the market has gone up again. After that, the cycle repeats. It's not super cool to make fun of people, but come one, most people will admit that it is somewhat hilarious. If this happens to you one time, you can learn from that mistake and not fall for it the second time, but it's happening time on time again. People don't seem to learn, or even slightly understand what the actual problem is.

Agree.. Why?? Because they don’t really know what is bitcoin and what is the mechanism behind it.. The demand and supply is an speculative in nature,, but they keep on panicking knowing this for a reason and that is ignorance.. If only they know all this thing it all be an easy ride for them and losses be minimal.. Until when they understand that fluctuations happens in all market not only in cryptocurrency.. Stock Market was..

Because everyone has different opinions of what will happen in the future with the price and the money invested means different things to each of us. We cannot blame people for panicking even if we believe they are wrong because everyone is entitled to sell their coins.

rising and falling its bitcoin price is already an annual tradition. we all know, that from the beginning bitcoin price is designed in fluctuate. but, why is there always someone who panics see it? and not even a few people are panicking at the current situation. IMO this is an opportunity for us to set strategy and take advantage.