Topic: Are we going to see another PANIC - page 6. (Read 2169 times)
Currently, the global economy is in full shock. Nearly all asset classes, stocks, bonds, gold, and oil have come under pressure, as Bitcoin has experienced a sell-off which has led to a 48% drop in the price of Bitcoin which came quickly. But despite that, I think Bitcoin is facing the fuel of this crisis, and it will come out of it safely.
During last week's trading, cryptocurrency investors have been very disappointed with bitcoin over the past few weeks, as faded price movements seem to negate the safe haven narration that many investors previously adopted. Despite the recent decline in bitcoin prices and the crypto market as a whole, the global economy has not seen anything like what has been happening now since World War II.
I suppose the panic is over isn't it?
I mean there are levels of panic and that is true but honestly do you really think that it could get any worse?
I was assuming that the world caught up on the dangers of corona and everyone is reacting accordingly, sure there are still idiots out there all the time that doesn't do anything about corona and they are walking like nothing will happen to them and then they will end up dying anyway so that is basically Darwinism at its best.
Long story short I do not believe it will go on like this for years, obviously it should be ending in couple of months, maybe not go away 100% because none of them ever does, but in the end we will see it become something natural and easy to get better about, look at influenza, it killed millions but now its common flu.
I mean there are levels of panic and that is true but honestly do you really think that it could get any worse?
I was assuming that the world caught up on the dangers of corona and everyone is reacting accordingly, sure there are still idiots out there all the time that doesn't do anything about corona and they are walking like nothing will happen to them and then they will end up dying anyway so that is basically Darwinism at its best.
Long story short I do not believe it will go on like this for years, obviously it should be ending in couple of months, maybe not go away 100% because none of them ever does, but in the end we will see it become something natural and easy to get better about, look at influenza, it killed millions but now its common flu.
YES; it can and will be worse
quarantine and total lock down of more countries, markets closeds, industries stopped, scarcity and food and other basic goods, .. was BTC a safe haven 1 week ago when markets dumped? NO.. will it be later, of course not.. people will need cash to purchase, no one will care about crypto and therefore it will plunge. Meanwhile, these guys with tons of BTC will try to convince you that btc is digital gold.. don't believe my word, just wait to see what happens next
https://www.worldometers.info/coronavirus/
I suppose the panic is over isn't it?
I mean there are levels of panic and that is true but honestly do you really think that it could get any worse?
I was assuming that the world caught up on the dangers of corona and everyone is reacting accordingly, sure there are still idiots out there all the time that doesn't do anything about corona and they are walking like nothing will happen to them and then they will end up dying anyway so that is basically Darwinism at its best.
Long story short I do not believe it will go on like this for years, obviously it should be ending in couple of months, maybe not go away 100% because none of them ever does, but in the end we will see it become something natural and easy to get better about, look at influenza, it killed millions but now its common flu.
I mean there are levels of panic and that is true but honestly do you really think that it could get any worse?
I was assuming that the world caught up on the dangers of corona and everyone is reacting accordingly, sure there are still idiots out there all the time that doesn't do anything about corona and they are walking like nothing will happen to them and then they will end up dying anyway so that is basically Darwinism at its best.
Long story short I do not believe it will go on like this for years, obviously it should be ending in couple of months, maybe not go away 100% because none of them ever does, but in the end we will see it become something natural and easy to get better about, look at influenza, it killed millions but now its common flu.
however, panic will really occur if the price approaches the price of $ 3k, or is below it. Well, to avoid this, I might mark the price of $ 4k before selling the asset.
No, I beg to disagree, regardless of the price, panic is evident when there is a major dump, like what we recently witness which bitcoin fell 50%.
In these last days of March, we have seen a gradual recovery in the standing of Bitcoin, I could tell that, if the gradual increase in the price of Bitcoin continues in the coming days, we could expect the price of Bitcoin to make a comeback at the $8,000 value because, the price of Bitcoin decreases and increases in such short amount of time; from a time span of only 3 weeks, we have seen its value goes down to $3,500 value then goes up in its current price in $6,500+.
We could expect that the number of panic sellers will lessen as the time of halving event comes closer.
We could expect that the number of panic sellers will lessen as the time of halving event comes closer.
Well, he would panic seeing the price below that, it seems like it's a level he made himself. however, a while ago, the price of bitcoin was in the range of $ 4k, and the price rose slowly to near $ 7k. so, it seems like it's an individual panic.
It's not an individual panic, if it is bitcoin will not be dump that low in the $4,000 level. The fact that it is recovering now, and I am also seeing soon it will reach $7000, this means people still believe in bitcoin and of course you can't disregard the power of the whales to move the price up, because they can dump and pump this market.
however, panic will really occur if the price approaches the price of $ 3k, or is below it. Well, to avoid this, I might mark the price of $ 4k before selling the asset.
No, I beg to disagree, regardless of the price, panic is evident when there is a major dump, like what we recently witness which bitcoin fell 50%. If the price down below $5,700, then I guess we will see another panic because we don't know if, at this time, the price will not go down lower than a few days ago or not. Many people will not ready if the price is down for more, but some people will use that time to buy more bitcoin at a low price, so you don't need to be panic because that will makes you miss the chance to buy bitcoin. You should calm down when the price is down and analyze the market so you will get the right time to buy bitcoin.
Why exactly 5,700? Is this some kind of special level? It seems to me that even a level of $ 5,000 is comfortable. A real panic will begin when a level of 3,000 dollars is broken. Plus, a lot depends on the situation on the stock market - if the SP500 is in the region of 1,500 points, then the level of $ 3,000 will be very good for bitcoin.
however, panic will really occur if the price approaches the price of $ 3k, or is below it. Well, to avoid this, I might mark the price of $ 4k before selling the asset.
If the price down below $5,700, then I guess we will see another panic because we don't know if, at this time, the price will not go down lower than a few days ago or not. Many people will not ready if the price is down for more, but some people will use that time to buy more bitcoin at a low price, so you don't need to be panic because that will makes you miss the chance to buy bitcoin. You should calm down when the price is down and analyze the market so you will get the right time to buy bitcoin.
Why exactly 5,700? Is this some kind of special level? It seems to me that even a level of $ 5,000 is comfortable. A real panic will begin when a level of 3,000 dollars is broken. Plus, a lot depends on the situation on the stock market - if the SP500 is in the region of 1,500 points, then the level of $ 3,000 will be very good for bitcoin.
I'm also curious why $5700 as according to the article I read, the key support now is $5900, so maybe if it will go down at that level, we will see again a major dump.
https://cointelegraph.com/news/bitcoin-price-holds-key-59k-support-avoiding-a-retest-of-recent-lows
As of now, we are still at $5900 level trading, as long as it will not go down, we should not panic.
If the price down below $5,700, then I guess we will see another panic because we don't know if, at this time, the price will not go down lower than a few days ago or not. Many people will not ready if the price is down for more, but some people will use that time to buy more bitcoin at a low price, so you don't need to be panic because that will makes you miss the chance to buy bitcoin. You should calm down when the price is down and analyze the market so you will get the right time to buy bitcoin.
Why exactly 5,700? Is this some kind of special level? It seems to me that even a level of $ 5,000 is comfortable. A real panic will begin when a level of 3,000 dollars is broken. Plus, a lot depends on the situation on the stock market - if the SP500 is in the region of 1,500 points, then the level of $ 3,000 will be very good for bitcoin.
There are at the moment two long-term predictions for bitcoin, each one using a different model.
One shows the price of $0.85 for march 2028, and another of $0.62 for november 2036. These are the only two bottoms I know about, and they will last for more than 300 years each. Both will come with a default of the fiat system, that is, all the debts will be cancelled, in exchange for blood: a world war, a real pandemic, or some big event which will kill millions of people. In this situation, people will stock supplies, and both bitcoin and cash will suffer from it.
There are also two chances to dump bitcoin without too much loss or with a small profit (if you were in the stupid DCA "strategy" like I was some months ago), one for each model: $10k in 2026, and $8k in 2029. You can also buy bitcoin at $700 at the end of this year and sell at $2.5k when sgbett prediction hits in 2021, thus covering losses from anything you bought at a higher price.
But I would not sell anything right now. Better to wait for the sub-$1000 to hit, buy with spare money, then sell with 100% profit (at around $2k) and only then sell what you bought under DCA (that is, what you bought above 6-9k, before this recent dump).
For example, with a price of $1000, you can buy 6 pieces of bitcoin if you spend $6k, whereas now you can buy only one (and which you will have to hold for 800 years if you want to take some profit from it). Then you sell them at $2k, and uses the $6k you profited to cover losses from DCA (which was bought above 6-9k, much more expensive and with bigger losses after the derivatives-backed dump).
This is much more safe and it might protect you from any reversal, as we dont know how the fiat sharks are operating. They might read this and decide to pump just to invalidate these predictions. They can print fiat money indefinitely and pump whatever asset they want, just to dump it later.
One shows the price of $0.85 for march 2028, and another of $0.62 for november 2036. These are the only two bottoms I know about, and they will last for more than 300 years each. Both will come with a default of the fiat system, that is, all the debts will be cancelled, in exchange for blood: a world war, a real pandemic, or some big event which will kill millions of people. In this situation, people will stock supplies, and both bitcoin and cash will suffer from it.
There are also two chances to dump bitcoin without too much loss or with a small profit (if you were in the stupid DCA "strategy" like I was some months ago), one for each model: $10k in 2026, and $8k in 2029. You can also buy bitcoin at $700 at the end of this year and sell at $2.5k when sgbett prediction hits in 2021, thus covering losses from anything you bought at a higher price.
But I would not sell anything right now. Better to wait for the sub-$1000 to hit, buy with spare money, then sell with 100% profit (at around $2k) and only then sell what you bought under DCA (that is, what you bought above 6-9k, before this recent dump).
For example, with a price of $1000, you can buy 6 pieces of bitcoin if you spend $6k, whereas now you can buy only one (and which you will have to hold for 800 years if you want to take some profit from it). Then you sell them at $2k, and uses the $6k you profited to cover losses from DCA (which was bought above 6-9k, much more expensive and with bigger losses after the derivatives-backed dump).
This is much more safe and it might protect you from any reversal, as we dont know how the fiat sharks are operating. They might read this and decide to pump just to invalidate these predictions. They can print fiat money indefinitely and pump whatever asset they want, just to dump it later.
The entire globe is already going through a so called panic named "corona". See no one can judge the price movements of crypto, It is a common knowledge that prices change everyday for crypto currency and it could take time to understand wheather it is going up or down.
To me the prices of crypto currencies are so far so good, panic & FUDs are not going to Improve the market it will only affect others.
To me the prices of crypto currencies are so far so good, panic & FUDs are not going to Improve the market it will only affect others.
I think panic is already but it should work for us
One possible explenation for the crash last week could be either the Ponzi cashing out BTC like we had dumps in the past or it could be asset managers selling profitable assets to have a good looking quarter earnings report which is at the end of March.
So stocks tanked hard and many investment firms that trade both crypto and stocks probably had to sell their BTC holdings to remain flat on their P/L for the quarter. Hence it would explain how we were correlated and now are uncorrelated with stocks. Hence going into the halving hopefully no more crashes.
So stocks tanked hard and many investment firms that trade both crypto and stocks probably had to sell their BTC holdings to remain flat on their P/L for the quarter. Hence it would explain how we were correlated and now are uncorrelated with stocks. Hence going into the halving hopefully no more crashes.
I guess now we are going at the right direction, I am also hopeful that there will be no more crash as bitcoin in the past few days are bullish.
What matters now is that bitcoin will hold at $6000 because this is the range where we stop, if it dumps again, there is a possibility that bitcoin will dump below $4000 level and that is not good to see because it will show that the market is not stable and people will stay away as they don't want to get manipulated by the whales who owns big portion of the supply.
Bitcoin should continue to prove that we are not correlated with stocks and let's see if in the coming days the market will be bullish.
If the price down below $5,700, then I guess we will see another panic because we don't know if, at this time, the price will not go down lower than a few days ago or not. Many people will not ready if the price is down for more, but some people will use that time to buy more bitcoin at a low price, so you don't need to be panic because that will makes you miss the chance to buy bitcoin. You should calm down when the price is down and analyze the market so you will get the right time to buy bitcoin.
If businesses keep closing and the stock market keeps sinking, I'm pretty sure bitcoin (and the entire altcoin market) is in for more pain, and it's not going to end until this viral outbreak gets under control. These things tend to burn themselves out naturally, just like seasonal flu and other respiratory infections, but who knows when that's going to be--and right now everybody is panicked and cash is king.
But another panic? I'd say the drop from $10k to $5k was the main panic drop, though I'm not confident that bitcoin couldn't fall even more. It sucks to see the markets like this, but there's not much anyone can do except to take advantage of the lower prices.
We should be prepared on what will happen, the outbreak is still not done yet and most of the business are affected because of the virus. The panic is out there and we should not yet be confident even the price of the bitcoin goes up in these previous days. I know that we should still be careful because the dump can happen again. But another panic? I'd say the drop from $10k to $5k was the main panic drop, though I'm not confident that bitcoin couldn't fall even more. It sucks to see the markets like this, but there's not much anyone can do except to take advantage of the lower prices.
One possible explenation for the crash last week could be either the Ponzi cashing out BTC like we had dumps in the past or it could be asset managers selling profitable assets to have a good looking quarter earnings report which is at the end of March.
So stocks tanked hard and many investment firms that trade both crypto and stocks probably had to sell their BTC holdings to remain flat on their P/L for the quarter. Hence it would explain how we were correlated and now are uncorrelated with stocks. Hence going into the halving hopefully no more crashes.
You are absolutely right, because this is one of the reasons why there is a fall in the cryptocurrency market, although over the past few days the market has started to revive again and prices are going up. In addition, lately, I have never once doubted that the cryptocurrency market is influenced by speculators with their manipulations or certain tough actions of large whales, but not the coronavirus pandemic. I hope that the upcoming halving of bitcoin will fix the cryptocurrency pricing situation. So stocks tanked hard and many investment firms that trade both crypto and stocks probably had to sell their BTC holdings to remain flat on their P/L for the quarter. Hence it would explain how we were correlated and now are uncorrelated with stocks. Hence going into the halving hopefully no more crashes.
One possible explenation for the crash last week could be either the Ponzi cashing out BTC like we had dumps in the past or it could be asset managers selling profitable assets to have a good looking quarter earnings report which is at the end of March.
So stocks tanked hard and many investment firms that trade both crypto and stocks probably had to sell their BTC holdings to remain flat on their P/L for the quarter. Hence it would explain how we were correlated and now are uncorrelated with stocks. Hence going into the halving hopefully no more crashes.
So stocks tanked hard and many investment firms that trade both crypto and stocks probably had to sell their BTC holdings to remain flat on their P/L for the quarter. Hence it would explain how we were correlated and now are uncorrelated with stocks. Hence going into the halving hopefully no more crashes.
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.
panic & FUD is a natural thing...FUD is still kicking due to some news and panic because of the corona virus.
This Corona outbreak makes some people move their assets to gold bars or paper money to protect assets so that we see so many stocks, commodity and possibly cryptocurrencies falling. I see now the crypto market is slightly up.
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?
Why should anyone be looking for who to buy his bitcoin, while we have every exchange selling. I also believe those selling at this time are not the whales and old time investors, just that we have so many selling. I think the condition can be handled for few more weeks while the virus is controlled. The critical cases are the only challenging situation which requires more attention. The fear now is not having fiat and losing job If the price continue to decrease, I think it will create more panic which will bring capitulation, will not it?
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