Topic: Are we going to see another PANIC - page 10. (Read 2168 times)
Yes, it is normal to be panic. Because no one thought about this huge dump! Everyone had a strong mindset that Bitcoin price will be growing gradually if it needs correction, then Bitcoin price won't come under 8500 USD! But when Bitcoin dumped thousands dollar within a day and hit 7700 USD, then it's normal to get panic. I am glad that I sold at 9200 USD, and now I am waiting to buy at 7500$!
I saw some information and the decrease price is not happened in bitcoin only, you will see on stock market, oil and the other market have decreased as well and I'm think there will be many people who will be panic because of this thing. We can see know bitcoin price has touched $7800 before its price has tried to reach $9200 a few days ago, but it is just for a while in my prediction, the information that spreading is good, we can see some countries out there have accepted bitcoin again.
Aside from that bad use that the bitcoin right now is damn thing so much there are still some good news which is the country those who are accepting bitcoin cryptocurrency as a form of money into their country because on the past days we have saying south korea and france that are accepting bitcoin to the country but the thing is still there is a bad news from us which is the bitcoin price is currently damn thing so hard right now until it reach the $9200 peak of it from the other day suddenly it dumps right now.
Obviously, panic sell will definately lead more downfall for BTC. This downfall is not happening for the first time in crypto everyone knows this is normal, panic selling can be caused by various factors and can range in severity. And I believe this downfall will happen only for a short-term I request the panic seller just to wait till halving and see the price range.
I saw some information and the decrease price is not happened in bitcoin only, you will see on stock market, oil and the other market have decreased as well and I'm think there will be many people who will be panic because of this thing. We can see know bitcoin price has touched $7800 before its price has tried to reach $9200 a few days ago, but it is just for a while in my prediction, the information that spreading is good, we can see some countries out there have accepted bitcoin again.
Bitcoin has decreased significantly within last days. In some of the local group I am active, some people are trying to sell their Bitcoin, some are looking for what's happening and it seems to be little panic here.
If the price continue to decrease, I think it will create more panic which will bring capitulation, will not it?
actually it's normal that we are seeing right now those people who are panicking because of the suddenly dropping the price of the bitcoin and for the past 24 hours at the crease almost $2000 and which it is really some kind of panic for those people who are investing order to the investors because suddenly they are just thinking of selling their bitcoin right now to avoid the heavy losses that might come to them but if you know what is the market doing then probably you will not panic on it. If the price continue to decrease, I think it will create more panic which will bring capitulation, will not it?
As usual, when we see downtrends like this, many are already starting to think of the negative effect and that causes them to sell immediately even a huge loss.
As I have said in some thread that this is the time that we should stop monitoring the charts for a week and this is applicable for most holders. But if you are a day trader, you can mostly take the opportunity out from this dip.
As I have said in some thread that this is the time that we should stop monitoring the charts for a week and this is applicable for most holders. But if you are a day trader, you can mostly take the opportunity out from this dip.
of course yes . panicking is always been there because that is part of this crypto ecosystem .
you know cryptos are up and down , people can panic on different situatios . now that price is down obviously people panic again to sell because they are scared that the price can go down again and will take a long time to recover and they are prolly need money because if you dont need money imediatley you will not bother panicking because you knew that the value can always recover .
you know cryptos are up and down , people can panic on different situatios . now that price is down obviously people panic again to sell because they are scared that the price can go down again and will take a long time to recover and they are prolly need money because if you dont need money imediatley you will not bother panicking because you knew that the value can always recover .
A lot of factors to considering, for the fact that everything is failing even the oil price -bitcoin may not be the safe haven
I also think that the reason for this price drop is related to the same reasons for the price drops that other markets are experiencing. I saw an article blaming plustoken for the price drop, I think they're looking to blame plustoken just because they want bitcoin to be seen as safe haven. The old competition with gold that will never end. I don't disagree that plustoken can cause a price drop. But that price drop has been dropping since it failed to break $10,500 and the coronavirus started to become a serious problem for the world
Bitcoin has decreased significantly within last days. In some of the local group I am active, some people are trying to sell their Bitcoin, some are looking for what's happening and it seems to be little panic here.
If the price continue to decrease, I think it will create more panic which will bring capitulation, will not it?
If the price continue to decrease, I think it will create more panic which will bring capitulation, will not it?
There are predictions that the price is going sub $8k, because of the panic, but I don't think that it will bring capitulation. If it goes down, then good, as the saying goes, "buy when there is blood on the street". Although we have heard lots of positive news just like week specially coming from India.
But that was overshadowed by the latest negative news about the plus token, I think someone already posted the link here, I won't elaborate on it. But think about it, every time that we have some good news coming around, coincidence or not, there will be some negative news to offset what the market have work for. Also, if criminals are not so dumb, why would the plus token scammer dumps their coin in the last 24 hours? Why not wait till the price goes on five digits again?
A lot of factors to considering, for the fact that everything is failing even the oil price -bitcoin may not be the safe haven
Not really guaranteed to be safe but it is not also a reason why we easily give up, think negative all the time and been pulled into panic selling. Should we think that whale's participation is a big factor why we expectedly experience like this and if that million of Bitcoins transferred is true, it all be possible to see a scenario like this?
Yet, it happens oftentimes but it somehow surprises us knowing that we are looking for more dumps rather than of having a drop.
The panic of others can be a boon for people who want to buy BTC at cheap prices.
Too Panic and finally selling BTC cheaply is just a waste of money.
If the price of BTC goes down it should have a reserve fund to buy more BTC at a cheaper price.
Prices will definitely go back up and that's for sure, just how to train mentally to not be the person to do the Cut Loss action because BTC continues to fall and do not have reserve funds. stay focused on the intended target.
Too Panic and finally selling BTC cheaply is just a waste of money.
If the price of BTC goes down it should have a reserve fund to buy more BTC at a cheaper price.
Prices will definitely go back up and that's for sure, just how to train mentally to not be the person to do the Cut Loss action because BTC continues to fall and do not have reserve funds. stay focused on the intended target.
10% in a day? I would say that people really do panic, specially noobs and push the sell button. The corona scare and then the supposedly PlusToken scammers cashing it out their funds again.
However, we have seen this or we have been in this kind of situation before, and smart investors look it at the bright side, inside of panic, what they do is buy more bitcoin. I'm sure in the next couple of days, when everything settles down, the price would bounce back.
However, we have seen this or we have been in this kind of situation before, and smart investors look it at the bright side, inside of panic, what they do is buy more bitcoin. I'm sure in the next couple of days, when everything settles down, the price would bounce back.
Yes, I'm pretty much sure that panic selling will happen. It happens every time when price goes down and there are always users who can't stand the pressure and can't wait for price to recover.
We always have too much euphoria when the price goes up with unrealistic and exaggerated predictions and expectations and panic when the price starts to fall. I guess some people never learn.
We always have too much euphoria when the price goes up with unrealistic and exaggerated predictions and expectations and panic when the price starts to fall. I guess some people never learn.
I think it's simple calculation, more panic means more dump. Because whenever holders will become panic and start sell their bitcoin then sell pressure will higher than buy pressure. In a result more dump will happen. Panic is always negative for crypto holders and traders. If we do not have enough patience then likely we will have to fall in trap of whales accumulation.
Current dump is happening due to whales accumulation IMO. Because halving is very near and whales will try to get benefits of halving. For me, I am not panic and still holding small amount of bitcoin. To be honest, I am not gonna sell it now, likely sold it before halving after a pump. I believe we will see a pump before halving.
Current dump is happening due to whales accumulation IMO. Because halving is very near and whales will try to get benefits of halving. For me, I am not panic and still holding small amount of bitcoin. To be honest, I am not gonna sell it now, likely sold it before halving after a pump. I believe we will see a pump before halving.
There's an article posted that there's a coin dumping Bitcoin and that might have been the cause of the sudden dump today.
Nice find. If this article is truw then that token should be blamed. Holy moly, if those 13k btc would be dump easily then surely the market will go down very fast. Imagine those huge amount of btc being dump at continous price range would affect it somehow.
I am quite shocked cause the downfall is really fast, I do hope that market can recover quickly.
The entire global economy is going down due to the coronavirus panic.Oil,stocks,derivatives...
This is somehow the reason Im thinking but the news on that btc dumping is much more credible, if you add the situation on corona, Im afraid investors would probably pulled out and having a panic button sell off. 
Bitcoin has decreased significantly within last days. In some of the local group I am active, some people are trying to sell their Bitcoin, some are looking for what's happening and it seems to be little panic here.
If the price continue to decrease, I think it will create more panic which will bring capitulation, will not it?
If the price continue to decrease, I think it will create more panic which will bring capitulation, will not it?
I think we already see a panic from some traders because many of them are not expecting to see the price is down for the deep price. We cannot predict that it will have today, but that is what we see now, and the price now is below than $8k. Perhaps, this situation will continue for a few days, especially if many traders still have panic to see the market is down.
But I hope that these conditions will not stay for a long time and the price can back to increase again so traders will not feel panic because the price is down. Some people use this time to buy more bitcoin because they can get bitcoin at a low price which is not every day they will see that price.
The entire global economy is going down due to the coronavirus panic.Oil,stocks,derivatives...
It's really stupid to think that Bitcoin and cryptocurrencies in general will be some kind of safe heaven and everybody is going to buy BTC in order to keep his savings.More people will sell their coins in order to buy some important goods-food and remedies,so they could survive staying at home during the quarantine.
Let's hope that the coronavirus will be gone by the end of April and everything in the global economy starts working normally (and prices recovering) by the beginning of the summer.
It's really stupid to think that Bitcoin and cryptocurrencies in general will be some kind of safe heaven and everybody is going to buy BTC in order to keep his savings.More people will sell their coins in order to buy some important goods-food and remedies,so they could survive staying at home during the quarantine.
Let's hope that the coronavirus will be gone by the end of April and everything in the global economy starts working normally (and prices recovering) by the beginning of the summer.
There's an article posted that there's a coin dumping Bitcoin and that might have been the cause of the sudden dump today. I don't really find any reason to panic at all as this is a sudden dump. This is just another one of those buying opportunities that we are waiting for so why we are panicking? We've seen it all, even if Bitcoin where to be dump like this, it will still grow in time.
Bitcoin has decreased significantly within last days. In some of the local group I am active, some people are trying to sell their Bitcoin, some are looking for what's happening and it seems to be little panic here.
If the price continue to decrease, I think it will create more panic which will bring capitulation, will not it?
The thing that is most feared in holding bitcoin is fear or excessive panic so that it cannot think correctly and correctly. even though it requires proper execution when we are going to do bitcoin when it's going down or going up in price. actually the matter of rising and falling bitcoin is a common thing and just how to respond so as not to get carried away. clearly if there is a big sale will affect the bitcoin and other altcoin. If the price continue to decrease, I think it will create more panic which will bring capitulation, will not it?
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