Don’t Panic II | Bitcointalksearch.org

stomachgrowls

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Quote from: Furious 7 on March 04, 2021, 11:56:10 AM

Quote from: South Park on March 02, 2021, 11:59:30 PM

Quote from: KryptoKings on February 24, 2021, 03:42:40 AM

Those who sold their BTC in panic must be repenting now.
Those in crypto for long time know that price do fall and rise.
Now BTC is back again at $50k. We are in for new ATH

It depends, even if they sold their coins they still got a lot of money out of them, it is not like the people that lost in March of the previous year, those people really made a mistake by selling their coins for such a low price, but the people selling now are still doing well even if we think that over the long term this was a mistake, also it is an easy mistake to correct, the price is still below 50k so they can always buy the same coins they sold and jut lose a little bit of money on fees.

Whenever there is a correction they always panic I think this is not a strong soul because I know I think they bought at the current price, not in the past year and when the market recovers it will definitely regret that it is too careless and underestimates how strong bitcoin is today.
A strong holder will definitely hold on to reach the top again look at now it is still at $ 50k and it's only in the first quarter so I think we have a long way to go, we still have big hopes that when a few months will be passed that's holding on in the long term will be a long way off. better.

All or majority in the community is been aiming for breaching out that 60k price where people been calling it off and expecting for it to happen in a short time but as we can see on how the market had been rejecting those attempts and now the price had corrected somehow below 50k price.Lets not really be on the rush, it would be much more preferable to see the price on clinging up on a good and gradual way movement rather than seeing those big long candles in a matter of day then suddenly turns out red in the end.

Panic is normal since we are just human beings but when you do deal or get engage with trading then you should really be able to suppress that kind of emotion because this will really be putting you up in trouble or mess
if you do allow yourself react on a particular situation.

Experience would be the key on controlling this because once you have it then you are surely aware on what you should gonna do next.

Furious 7

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Quote from: South Park on March 02, 2021, 11:59:30 PM

Quote from: KryptoKings on February 24, 2021, 03:42:40 AM

Those who sold their BTC in panic must be repenting now.
Those in crypto for long time know that price do fall and rise.
Now BTC is back again at $50k. We are in for new ATH

It depends, even if they sold their coins they still got a lot of money out of them, it is not like the people that lost in March of the previous year, those people really made a mistake by selling their coins for such a low price, but the people selling now are still doing well even if we think that over the long term this was a mistake, also it is an easy mistake to correct, the price is still below 50k so they can always buy the same coins they sold and jut lose a little bit of money on fees.

Whenever there is a correction they always panic I think this is not a strong soul because I know I think they bought at the current price, not in the past year and when the market recovers it will definitely regret that it is too careless and underestimates how strong bitcoin is today.
A strong holder will definitely hold on to reach the top again look at now it is still at $ 50k and it's only in the first quarter so I think we have a long way to go, we still have big hopes that when a few months will be passed that's holding on in the long term will be a long way off. better.

darewaller

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Quote from: tokeweed on March 02, 2021, 09:16:08 AM

I feel like BTC/USD is gonna go sideways for a little while, prolly a couple of weeks, giving alts to catch up with BTC losing ground on dominance and solidify the much awaited alt season imo.

And it’s still very early into alt season judging from the last time alts broke out of their highs. But dunno... I could be wrong.

This is exactly what I told people and they didn't realized it, I mean we are in a situation where bitcoin will be forced to go up, and nobody can stop that, but for now I believe alts are too low and everyone has seen what they can be, like BNB was 340 dollars or so literally just some days ago, it hasn't even been 2 weeks I think, so obviously people will "if everything is going up, bnb will be 340+ again so I should buy it" and they will go in there, which is why I think we are doing fine.

Not like that is a bad thing, they should keep investing into crypto, that is the good way, but that doesn't change the fact that bitcoin will have to wait for it for a while. Basically life will be a bit more stable for bitcoin for a while, be at 50-55 range for a week or two, and during that period alts will go up about 50% or so and reach to previous all time high levels.

South Park

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Quote from: KryptoKings on February 24, 2021, 03:42:40 AM

Those who sold their BTC in panic must be repenting now.
Those in crypto for long time know that price do fall and rise.
Now BTC is back again at $50k. We are in for new ATH

It depends, even if they sold their coins they still got a lot of money out of them, it is not like the people that lost in March of the previous year, those people really made a mistake by selling their coins for such a low price, but the people selling now are still doing well even if we think that over the long term this was a mistake, also it is an easy mistake to correct, the price is still below 50k so they can always buy the same coins they sold and jut lose a little bit of money on fees.

djgtr

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Quote from: tokeweed on February 16, 2021, 09:23:47 AM

So BTC broke 50k USD twice then dropped back below it twice in a span of a couple of hours or so. And with the way it happened, dunno.. I’m getting a vibe like there’s gonna be a huge sell down back to 40k coming. So yeah, don’t panic. That’s it. Lol.

There's nothing to panic about, but what I am seeing now is potentially we're going to witness more buying factor instead of sell. Once price drops at bigger portions, I think more hungry investors will enter cryptocurrency with an expectations that they'll able to gain an assurance of bigger profit. However, it's risky because most traders were newbies in this field.

Mahanton

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Quote from: Maslate on March 02, 2021, 04:23:20 PM

Quote from: snipie on March 02, 2021, 10:57:31 AM

Quote from: ?? on ??

Nothing is here about to worry, I think. Why people are selling valuable btc at this time? I think it is mostly for urgent money. It is a great sorrow for those who are selling now.

It is a normal movement and oldies are getting used to see this coming. Whales joined the game and making the price crash to buy more coins is a classic thing

So most probably the price will start crashing now as they want this to dump so they can start buying cheap. It has become a cycle, after hitting a new ATH bitcoin start to correct, price dump and it will give them favor to accumulate.

I guess our best way to make profit is to join them, follow them by start accumulating as well.

Right mindset to have but its really hard to be done when you are on the actual situation because you wouldn't even know if its really tending to pump out or would crash.
Determining the market next move would always be a pain in the ass for everybody.This doesn't exclude even to those veteran ones but you can really able to tell the difference
between a noob and to an experienced one.Market cycle is always been like this, it might looks manipulative( it is) but as a small time trader you should
really know on how to go with the flow.

Maslate

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Quote from: snipie on March 02, 2021, 10:57:31 AM

Quote from: ?? on ??

Nothing is here about to worry, I think. Why people are selling valuable btc at this time? I think it is mostly for urgent money. It is a great sorrow for those who are selling now.

It is a normal movement and oldies are getting used to see this coming. Whales joined the game and making the price crash to buy more coins is a classic thing

So most probably the price will start crashing now as they want this to dump so they can start buying cheap. It has become a cycle, after hitting a new ATH bitcoin start to correct, price dump and it will give them favor to accumulate.

I guess our best way to make profit is to join them, follow them by start accumulating as well.

snipie

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Quote from: ?? on ??

Nothing is here about to worry, I think. Why people are selling valuable btc at this time? I think it is mostly for urgent money. It is a great sorrow for those who are selling now.

It is a normal movement and oldies are getting used to see this coming. Whales joined the game and making the price crash to buy more coins is a classic thing

Quote from: Red Pie on March 02, 2021, 09:33:25 AM

You were right in your guess. Bitcoin approached $ 40k and reached 50k levels again. panic sellers lost. Isn't that what's important in bitcoin anyway? We need to not panic sell and be patient.

Panic sellers aren't that huge compared to the years before 2017 and their effect aren't that important imo. Volatility is linked to trading mostly which is partially related to the good/fake news.

Red Pie

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You were right in your guess. Bitcoin approached $ 40k and reached 50k levels again. panic sellers lost. Isn't that what's important in bitcoin anyway? We need to not panic sell and be patient.

tokeweed

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I feel like BTC/USD is gonna go sideways for a little while, prolly a couple of weeks, giving alts to catch up with BTC losing ground on dominance and solidify the much awaited alt season imo.

And it’s still very early into alt season judging from the last time alts broke out of their highs. But dunno... I could be wrong.

rhodelmabanal

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Quote from: fadhilz123 on February 28, 2021, 12:41:45 PM

Quote from: Noctis Connor on February 28, 2021, 10:12:45 AM

Why you need to panic when you knew you can get those profits back once the bitcoin increases again and if not then you should panic then , ever since theres still other coins where you can invest even though some of altcoins are going down too , well if you had enough money to reninvest or buy into new projects why not it's worth to risk too just don't too greedy that much

You are right, but not everyone will think like you. I join the crypto group on Facebook and every day I see so many people get angry regretful because their assets were dumped. This is annoying for me, every day I see people grumble. A lot of newcomers join the crypto world with little knowledge, that's why many of them panic

I think we cannot blame a newbie if they panic because everyone really afraid of losing. But crypto is always unstable maybe they can figure it out soon or they can maybe control thier emotions if they experience a huge loss or a big profit in crypto, experience is more important to become more prudence on making a decisions because if you are an experienced person yoi cannot get easily panic and you will really earn.

fadhilz123

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Quote from: Noctis Connor on February 28, 2021, 10:12:45 AM

Why you need to panic when you knew you can get those profits back once the bitcoin increases again and if not then you should panic then , ever since theres still other coins where you can invest even though some of altcoins are going down too , well if you had enough money to reninvest or buy into new projects why not it's worth to risk too just don't too greedy that much

You are right, but not everyone will think like you. I join the crypto group on Facebook and every day I see so many people get angry regretful because their assets were dumped. This is annoying for me, every day I see people grumble. A lot of newcomers join the crypto world with little knowledge, that's why many of them panic

jaberwock

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Quote from: pinggoki on February 28, 2021, 02:48:04 AM

$40,000 is coming again in which the price of the bitcoin is in $44,000 again right now and I am a little bit panic because of the heavy dump that is happening right now, many says that the bitcoin will continue to dump so many people are scared on it but I am seeing it as an natural because I've already experience so many cases that is more likely happening this time so I am confident that this is just part of the correction. If it dumps then wait again to pump in order to sell and get profit.

Why though? I mean I get that the price could be dropping, but why are you worried about it? When you know that it would go up that means we could always buy from cheap right now and profit later on, so why be worried about it right now? Of course you could end up with something much better in the end if you know what you are doing.

I am not saying it is not that bad or it is bad because of course some people could have bought at the wrong time and they could be very much in loss but there is really nothing worrying about even if you bought so much because you could definitely end up with something that would make you some money in the future if you use this opportunity very well, that is why I believe we should be careful and do what we can but we should definitely take advantage of the situation while being careful about it as well otherwise we may just feel upset about this.

Noctis Connor

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Why you need to panic when you knew you can get those profits back once the bitcoin increases again and if not then you should panic then , ever since theres still other coins where you can invest even though some of altcoins are going down too , well if you had enough money to reninvest or buy into new projects why not it's worth to risk too just don't too greedy that much

tokeweed

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^ Here’s the funny bit. It’s not only you. Lol. There are lots of other people like you who’s getting close to that ‘point’ and getting ready to capitulate.

One of my bags have already started to trend down so I had to sell for a small profit. CRV/USD. SNX and SXP are the next to go. But I’m not sure if it’s time to tether up tho. There could be plenty more upside left.

pinggoki

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Quote from: tokeweed on February 16, 2021, 09:23:47 AM

So BTC broke 50k USD twice then dropped back below it twice in a span of a couple of hours or so. And with the way it happened, dunno.. I’m getting a vibe like there’s gonna be a huge sell down back to 40k coming. So yeah, don’t panic. That’s it. Lol.

$40,000 is coming again in which the price of the bitcoin is in $44,000 again right now and I am a little bit panic because of the heavy dump that is happening right now, many says that the bitcoin will continue to dump so many people are scared on it but I am seeing it as an natural because I've already experience so many cases that is more likely happening this time so I am confident that this is just part of the correction. If it dumps then wait again to pump in order to sell and get profit.

bbc.reporter

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@Silberman. I shake my head. How can people in the forum say this? The fiat system is not going anywhere. Do you know that the technology and comforts you enjoy in this time of economic expansion and technological advancement is because of the fiat system?

Silberman

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Quote from: STT on February 25, 2021, 11:24:42 AM

Quote from: sgbett on February 23, 2021, 12:14:52 PM

I can confirm this, and have reliable sources in China that can also confirm it too.

China has become both the largest producer and purchaser of gold, they dont especially export afaik. Its very much the policy to accumulate gold rather then dollar reserves in the traditional global reserve system. Its quite a straight forward conclusion they intend to move away from purely FIAT trade towards some like gold related standard. The problem being at century start China had no gold and being such a large country they spike the price of any commodity they engage with, hence the low key accumulation but because its continual the trend is fairly obvious for gold vs dollar imo.
QE policy is going to end up being viewed as nonsense in retrospect, that is a reason for panic imo but its without sound or warning like tsunami maybe the hints are there we will see a vast landscape change.

What I do not get is why more governments are not doing this more openly, the fiat system is coming to an end, to think we can have all the currencies in the world not being backed by anything and that they can be created at will seems like a recipe for disaster, governments especially the US have abused this power and it is possible China is thinking on backing their own currency with gold and could try to take over the US dollar role that way.

Reatim

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Quote from: ?? on ??

Quote from: Reatim on February 17, 2021, 02:17:29 AM

Quote from: tokeweed on February 16, 2021, 09:23:47 AM

So BTC broke 50k USD twice then dropped back below it twice in a span of a couple of hours or so. And with the way it happened, dunno.. I’m getting a vibe like there’s gonna be a huge sell down back to 40k coming. So yeah, don’t panic. That’s it. Lol.

Another ATH again just this very moment

https://coinmarketcap.com/currencies/bitcoin/

Closing to break 51k , and maybe we had strong hold at 50k now.

I suspect that the price will be even higher, and will probably be closer to the $ 55k range. I also think that the bitcoin price will be really strong at $ 50k.

LOL. I might panic when I don't hold bitcoin at this point Cheesy

it does break the 55k mate and actually even higher as the recorded Highest price Goes up to 58,000$
and that's the highest and then starts the fall and now it looks like those who have hold up to that ATH is now starting to rattle and panicking so the price went down this low at 44,000-45,000 in which the lowest for the last 2 weeks.
Hopefully this is just a correction and let those panicking frustrate when the price starts Hyping again in the next weeks or before the end of this 1st quarter.

STT

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Price action is once again in the area of the recent lows, frequent test at this point and not especially reacting to surpassing the duration of the downtrend with a bounce back that reaches 50k again. The high prices match the 2 day average which is in decline at this point though the overall average could be said to be sideways its yet to prove itself beyond the negativity. I wont assume its especially negative beyond short term profit taking, a rally this size should be pulling back if its going to sustain in the longer term.

Topic: Don’t Panic II (Read 778 times)