Are we going to see another PANIC - page 2.

Fatunad

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Quote from: KTChampions on November 20, 2020, 12:49:56 PM

Quote from: n0ne on November 20, 2020, 10:48:53 AM

Panic sell will be done by most of the users who invest from their living expenses expecting good return in a short. This is quite risky, because with cryptocurrency we can't make perfect prediction of the market moves. This is where the panic gets initiated, the market fluctuation makes them into a dilemma whether to sell or not. This finally ends with a sell when the price drops.

It is likely that the current growth will attract many micro-investors who will try to get easy and quick money on the growth of bitcoin. In the event that a serious correction occurs, they will sell bitcoin at any price since they do not understand the crypto market. Therefore, an option with a panic sale is very likely.

They would likely to experience such stuff and its no surprise that when bitcoin hit up again its ATH then it will create some buzz which similar happened in 2017
which will driven off the price even way more higher and when it do correct or have some price crash then everyone will surely panic specially to those who bought on peak.
We cant be sure if 20k will be the level on where we do wait for some huge correction.For now lets see if it do able to held up or not
and im anticipating that panic will surely be there when the time comes that bitcoin price will go down in a fast manner.

KTChampions

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Quote from: n0ne on November 20, 2020, 10:48:53 AM

Panic sell will be done by most of the users who invest from their living expenses expecting good return in a short. This is quite risky, because with cryptocurrency we can't make perfect prediction of the market moves. This is where the panic gets initiated, the market fluctuation makes them into a dilemma whether to sell or not. This finally ends with a sell when the price drops.

It is likely that the current growth will attract many micro-investors who will try to get easy and quick money on the growth of bitcoin. In the event that a serious correction occurs, they will sell bitcoin at any price since they do not understand the crypto market. Therefore, an option with a panic sale is very likely.

hulla

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Quote from: bitbunnny on November 20, 2020, 07:09:47 AM

If some bigger price corrections will follow we will definitely see panic spelling. From past experience in similar situation we can conclude that majority of people never learn anything and most of them are not experienced investors who have enough patience and can bare the pressure. Many people involved in Bitcoin are not ready for long term investment.
So, history will repeat, I'm sure of it.

There's a chance for panic sell to happen but with the market yet to reach a new ATH price and the enormous traffic which the cryptocurrency market has gained this year even if the bigger price correction happens i expected few investors (which i believe are naive investors) to panic sell.

n0ne

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Panic sell will be done by most of the users who invest from their living expenses expecting good return in a short. This is quite risky, because with cryptocurrency we can't make perfect prediction of the market moves. This is where the panic gets initiated, the market fluctuation makes them into a dilemma whether to sell or not. This finally ends with a sell when the price drops.

ololajulo

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I think we know more and better about the pandemic than in March. although some of conspiracy theories are not helping in managing the economy. The measures are meant to buy time before the release of the Vaccine while people stay alive. With the rate of employment decline and no palliative it could put pressure on people to take profit in few weeks. Institution dont trade like the daily traders but they help with scarcity, so individual traders will still matter with respect to panic, however,Institution have the capacity to mop up any trade in the panic.

Botnake

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Quote from: kapalmabur on November 20, 2020, 07:42:53 AM

we have to fight our emotions when trading and investing,
don't follow panic sell if you want the target to be reached,
if investors and traders hold then we will see more Demand than sell orders,
this will certainly make bitcoin go up and there is no another panic.

It's been said many times that panic will not help you in making good decision, you panic you lose, so should know the result if you will allow yourself to be in that position. I've learn from my past mistake, so I will never panic anymore, hopefully the newbies will not experience big mistake this bull run and instead they will learn from other people's mistakes.

kapalmabur

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we have to fight our emotions when trading and investing,
don't follow panic sell if you want the target to be reached,
if investors and traders hold then we will see more Demand than sell orders,
this will certainly make bitcoin go up and there is no another panic.

bitbunnny

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If some bigger price corrections will follow we will definitely see panic spelling. From past experience in similar situation we can conclude that majority of people never learn anything and most of them are not experienced investors who have enough patience and can bare the pressure. Many people involved in Bitcoin are not ready for long term investment.
So, history will repeat, I'm sure of it.

Questat

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Quote from: fortunecrypto on November 20, 2020, 06:27:48 AM

The only thing that we have to watch out now, is what happen after the all time high, where the price crash after recording the highest price, I hope it's different from the time high that we experienced in 2017.

What will expect, after the bull run there's always a correction that will come automatic, when the price corrects, don't even try to continue holding as we don't know how deep it will fall, better convert it to stable coins to preserve the value and just accumulate when it well start to rise again.

Don't get fooled my friend, this is just a cycle, and we've seen this before already, so let's make the right decision this time.

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Quote from: Reatim on November 20, 2020, 02:35:02 AM

Bitcoin Valuing more than $18,000 the very high price Bitcoin achieved after the Bullrun of 2017.

It cemented our belief that we are in a bull and all time high is very imminent Bitcoin is now at $18k and we are in November imagine if the movement of price continues to be like this, we will have an early all time high and who knows next month we have a lot of new records in the all the time high.
The only thing that we have to watch out now, is what happen after the all time high, where the price crash after recording the highest price, I hope it's different from the time high that we experienced in 2017.

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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?

There is no panicking happens since that March bear market in which every currency Fell down to Their lowest value.
Nowadays all we can see is sign of bullishness and also checking with the prices is really possitivities

https://coinmarketcap.com/

Bitcoin Valuing more than $18,000 the very high price Bitcoin achieved after the Bullrun of 2017.

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Quote from: matchi2011 on November 19, 2020, 08:32:36 PM

It's tough to fully predict the next trned but if you are aiming for long term let the dumpers to sell out there are still lots of
promising movements for those who'll be able to patiently wait, might be a new ATH to show before this year ends.

I changed direction after I saw the big pump a few days ago, there's a big possibility of an all-time high anytime now could be this month could be next month, after that 10% jump, I believe there will be a repeat, and the next pump will be another all-time high, maybe there's a possibility of 15% pump this year, who knows, several days ago the price is struggling until that big pump, so the possibility is not remote.

matchi2011

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Quote from: DevilSlayer on November 19, 2020, 07:09:23 PM

The panic that you are talking about will not yet happen because the view point of all traders and investors are still bullish wherein the price can become more expensive. The panic is usually happening when the market is in bearish where a lot of investors are pulling out their money because they know that cash is also a position and they know when not to invest or trade. But during a bull run like this, the emotion in the market is pure greed where a lot of investors and traders want to get position because they are aware that the price can still have momentum and its price can achieve higher. We are now near in the ATH and it is so good because we are now going to see an all-time high breakout again maybe it will happen before the month of November ends or in the 1st week of December.

The sentiments seems still in strong bull, investors are buying and not buying the fuds. It's a good sign that gives the market
to continue forming and pumped back.

It's tough to fully predict the next trned but if you are aiming for long term let the dumpers to sell out there are still lots of
promising movements for those who'll be able to patiently wait, might be a new ATH to show before this year ends.

DevilSlayer

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The panic that you are talking about will not yet happen because the view point of all traders and investors are still bullish wherein the price can become more expensive. The panic is usually happening when the market is in bearish where a lot of investors are pulling out their money because they know that cash is also a position and they know when not to invest or trade. But during a bull run like this, the emotion in the market is pure greed where a lot of investors and traders want to get position because they are aware that the price can still have momentum and its price can achieve higher. We are now near in the ATH and it is so good because we are now going to see an all-time high breakout again maybe it will happen before the month of November ends or in the 1st week of December.

Botnake

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Quote from: Chrystora123 on November 19, 2020, 12:28:08 PM

Quote from: Smitty Werben Man Jensen on November 18, 2020, 06:03:40 PM

This level is where people will sell Bitcoin, especially people who buy it during March-April,
be careful with corrections, it might drop below $ 17k again, in my opinion like that,
because there is still no sign that Bitcoin this year will go to All time high, even though it has crossed $ 18,000.

The chances for Bitcoin correction are huge but won't fall below $ 15k. when the Bitcoin market corrects at $ 17k it will bounce back and go past $ 18k, soon we will see Bitcoin hitting ATH ($ 20k) and possibly passing it. let's tighten your seatbelts..

No one can ascertain what price bitcoin will fall or rise, but the momentum not is really bullish so it could reach a new ATH but it's expected to fall after than, but like I said, we never know what would be a new ATH before the price will start to correct.

Chrystora123

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Quote from: Smitty Werben Man Jensen on November 18, 2020, 06:03:40 PM

This level is where people will sell Bitcoin, especially people who buy it during March-April,
be careful with corrections, it might drop below $ 17k again, in my opinion like that,
because there is still no sign that Bitcoin this year will go to All time high, even though it has crossed $ 18,000.

The chances for Bitcoin correction are huge but won't fall below $ 15k. when the Bitcoin market corrects at $ 17k it will bounce back and go past $ 18k, soon we will see Bitcoin hitting ATH ($ 20k) and possibly passing it. let's tighten your seatbelts..

kapalmabur

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panic that creates itself, that's why trading is not just reading charts or candles,
controlling thoughts and emotions is also one aspect that traders must do,
I know 70% traders will experience this, and that's why another panic happens,
don't know when will happen, must be prepared.

Fatunad

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Quote from: Smitty Werben Man Jensen on November 18, 2020, 06:03:40 PM

This level is where people will sell Bitcoin, especially people who buy it during March-April,
be careful with corrections, it might drop below $ 17k again, in my opinion like that,
because there is still no sign that Bitcoin this year will go to All time high, even though it has crossed $ 18,000.

We do have the signs but not really a solid one because anything could really happen in an instant.We almost breaking now the 18k barrier but doesnt mean that we will be heading directly to 20k as of this year.
For sure theres a strong resistance between those levels yet this had been the place on where lots had been caught by the fomo. If you arent that prepared or do let yourself left behind on possible updates
or movement then you would really commit the same mistakes all over again.People should be aware that history might or might not happen for this year.

Smitty Werben Man Jensen

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This level is where people will sell Bitcoin, especially people who buy it during March-April,
be careful with corrections, it might drop below $ 17k again, in my opinion like that,
because there is still no sign that Bitcoin this year will go to All time high, even though it has crossed $ 18,000.

btctalk123

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another crypto panic let's sell our crypto

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