Are we going to see another PANIC - page 11.

daweller1

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Quote from: Little Mouse on March 08, 2020, 11:48:36 PM

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?

Bitcoin is doing fine, considering WTI oil just dumped 30%
How often do you see that?
And the DOW is looking like i'ts going to have another -5% drop today...
And thats a major index comprised of Trillions of dollars worth of stock.
Bitcoin is down about 14% , and has a market cap of a couple hundred billion.

xvids

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It is hard to tell if things would go on there are so many positive news about crypto yet we are still experiencing price dump.
FUD is still kicking due to some news and panic because of the corona virus.

Little Mouse

legendary

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Marketing Campaign Manager |Telegram ID- @LT_Mouse

Quote from: pooya87 on March 09, 2020, 12:28:47 AM

ps. this drop also doesn't make any sense because there is about 3 or 4 massively bullish news around these days. from a couple of countries legalizing bitcoin and some other countries accepting it as a currency to the good ol' hyped up halving.

Exactly. All the news should bring a hype in the price in last couple of days. But the opposite ia happening now. We had seen good price pump on such news before. Is this some kind of trap?

pooya87

legendary

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THIS IS the panic that we are seeing that has caused the price to fall hard below $9k for the past 4 days that it has been going on. and the reason is apparently the FUD and the stock market crash, oil prices dump,... i don't think it is possible to predict how long this is going to last or whether there is more panic sells to come. all i know is that the more they panic sell the harder it gets to go any lower as weak hands don't have unlimited amount of bitcoin to sell!

ps. this drop also doesn't make any sense because there is about 3 or 4 massively bullish news around these days. from a couple of countries legalizing bitcoin and some other countries accepting it as a currency to the good ol' hyped up halving.

Debonaire217

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In Code We Trust

It is probably part of the characteristic of Bitcoin which is being volatile, some call it as a bubble, and based from my experience, outside factors might affect why the price of bitcoin is acting like what we have right now. In addition, bitcoin stays at 10k dollars in the past months, so considering the upcoming halving, my speculation regarding this matter is that, investors are just preparing for the huge market price increase in the future.

So, there's nothing to be feared about the current situation, instead, we should he happy that the market is active and will open up opportunities for investors to enter the market once again.

Little Mouse

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Marketing Campaign Manager |Telegram ID- @LT_Mouse

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?

Topic: Are we going to see another PANIC - page 11. (Read 2168 times)