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Topic: Don’t Panic II - page 2. (Read 778 times)

hero member
Activity: 1106
Merit: 527
February 27, 2021, 06:43:57 PM
#75
Don't panic because this trend is normal,  and we have seen a lot of dumps before and the fact that we survive until now, that means we know how to control our emotion again. There are bullish and bearish trend, let's play our cards effectively. It's been days that bitcoin is dumping and I believe it could dip lower than the current price, maybe at $30k again or more going down to $20k, but we should remember the words "DON'T PANIC", that is very important in situation like that.
How you think it will drop gradually in upcoming days, we know the current situation of BTC so traders are keep supporting the BTC automatically it will going to moon. The current traffic is little noise in all the hunters so peoples are ready to survive in other investment. I hope again next bearish market is totally changed in crypto industry.
hero member
Activity: 2926
Merit: 657
No dream is too big and no dreamer is too small
February 26, 2021, 05:10:20 PM
#74
Don't panic because this trend is normal,  and we have seen a lot of dumps before and the fact that we survive until now, that means we know how to control our emotion again. There are bullish and bearish trend, let's play our cards effectively. It's been days that bitcoin is dumping and I believe it could dip lower than the current price, maybe at $30k again or more going down to $20k, but we should remember the words "DON'T PANIC", that is very important in situation like that.
legendary
Activity: 2086
Merit: 1058
February 26, 2021, 12:48:47 AM
#73
Bitcoin is unpredictable yesterday when price of bitcoin dropped to 45k$ people started selling their coins, they were thinking that bitcoin will go to its lowest price again but it was the technique of big traders they dropped price create panic and buy coins at lowest price now price increased almost 6000$.
There will always be people who fear a big drop and run away, but I do not think that anyone who has been around enough would be scared of such a "drop" because we have seen corrections before. I mean anyone who knows what a correction is, anyone who knows how to trade, or even have a slight understanding of finances, would know that this was nothing at all, this was something quite simple and there was absolutely no way that people would be losing money because of this.

We are in a situation where fall creates a panic which makes people sell but those are people who we should not have in the crypto world anyway, they should leave if we can send them away and people who are willing to buy when it is going down should stay, we are the ones that will take advantage of the crypto increases because we are the ones who didn't panic during this period.
legendary
Activity: 2576
Merit: 1087
February 25, 2021, 04:45:21 PM
#72
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.

I can confirm sgbett's Chinese sources, and did many late night math calculations with scientific proofs to 100%.

Calculations are confirmed. Proofs have proven to be confirmed also, reliably.
hero member
Activity: 1414
Merit: 542
February 25, 2021, 03:40:29 PM
#71
It is not normal for the price of a thing to go up in the market all the time. The price of Bitcoin is no exception. Although the price of Bitcoin is decreasing temporarily, it will increase again very soon. But we have to wait patiently for good profits.
The reality is this, there’s no straight way going up and in order for us to succeed reaching the peak, we must experience a rocky road or even a roller coaster ride and this is normal in every market. We might see another bear trend if Bitcoin failed to break the resistance and its fine, maybe its about time again to accumulate more good coins while its cheap again so stop panicking and start creating your winning strategy.

I agree that in order to reach the peak again, then we will encounter a lot of rock road ahead and it's just normal in bitcoin. However, I disagree that we will see another bear trend though, as you have said, this pattern is normal, and we have seen this in the past. The bulls is still taking over the market. Maybe it is just resting for now and gathering momentum for another run next month.
legendary
Activity: 2590
Merit: 1882
Leading Crypto Sports Betting & Casino Platform
February 25, 2021, 01:39:46 PM
#70
It is not normal for the price of a thing to go up in the market all the time. The price of Bitcoin is no exception. Although the price of Bitcoin is decreasing temporarily, it will increase again very soon. But we have to wait patiently for good profits.
But doesnt mean that you wouldnt be careful towards your investment or trading activity because even if you do know that the market could recover then you would be
definitely be confident and might result into those careless move of yours towards trading.

Dont panic suggestion might sound simple but it isnt really that much of easy when you are on the actual situation when you do saw that the market is dumping and so
as with your portfolio then this is something that you cant just ignore off.

Experience will be one of your weapon to deal with this speculative market.As longer you do deal with it the more aware you are on possible situations that might happen.

For now the best thing is to wait, the market may take a course that no one expects, everyone points out that it will drop in price even more, but I am one of those who think that it is necessary to follow the opposite of the news, this taking into account that emotions For now they are ceasing a bit, and mostly the very good news was resulting in the high prices, as now everyone talks about correction and that BTC will go down more, for me it is an indication of buy.
sr. member
Activity: 2604
Merit: 338
Vave.com - Crypto Casino
February 25, 2021, 12:38:24 PM
#69
It is not normal for the price of a thing to go up in the market all the time. The price of Bitcoin is no exception. Although the price of Bitcoin is decreasing temporarily, it will increase again very soon. But we have to wait patiently for good profits.
But doesnt mean that you wouldnt be careful towards your investment or trading activity because even if you do know that the market could recover then you would be
definitely be confident and might result into those careless move of yours towards trading.

Dont panic suggestion might sound simple but it isnt really that much of easy when you are on the actual situation when you do saw that the market is dumping and so
as with your portfolio then this is something that you cant just ignore off.

Experience will be one of your weapon to deal with this speculative market.As longer you do deal with it the more aware you are on possible situations that might happen.
sr. member
Activity: 1750
Merit: 267
February 25, 2021, 12:28:14 PM
#68
It is not normal for the price of a thing to go up in the market all the time. The price of Bitcoin is no exception. Although the price of Bitcoin is decreasing temporarily, it will increase again very soon. But we have to wait patiently for good profits.
legendary
Activity: 2198
Merit: 1311
February 25, 2021, 11:26:47 AM
#67
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.

I can confirm sgbett's Chinese sources, and did many late night math calculations with scientific proofs to 100%.
STT
legendary
Activity: 4102
Merit: 1454
February 25, 2021, 11:24:42 AM
#66
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.
legendary
Activity: 3976
Merit: 1421
Life, Love and Laughter...
February 25, 2021, 09:53:58 AM
#65
I panic when I see txn fees lately Cheesy
Yeah, that's kind of the sucky part of bitcoin rocketing to the moon--you have much less incentive to spend or send it to other wallets.  Crazy how high the fees are.




Yup..  It’s a pain to use rn.  I was sending some BTC to Nitrogen last Friday for some weekend betting at a fairly mid sized fee for how high the mempool was.  The transaction took more than 36 hours to confirm with me missing all the spots I was planning on making my bets on.  Cheesy
legendary
Activity: 1652
Merit: 1265
February 24, 2021, 12:31:19 PM
#64
I feel BTC will hit 100k 99.999999% this bull run.

HODLING until 90k then taking profits for semi retirement Cheesy.


I will never sell all my BTC and neither should anyone the ability to fully control your wealth is amazing.

Same here. 90k small sell just to make bitcoin investments worth it for the rest of my life even if it goes bust.
Try and sell a little bit more at the top 190-350k and buy back at 35k or so. That way I increase my HODL.
legendary
Activity: 1722
Merit: 1000
February 24, 2021, 08:55:47 AM
#63
I feel BTC will hit 100k 99.999999% this bull run.

HODLING until 90k then taking profits for semi retirement Cheesy.


I will never sell all my BTC and neither should anyone the ability to fully control your wealth is amazing.
hero member
Activity: 2954
Merit: 672
Message @Hhampuz if you are looking for a CM!
February 24, 2021, 08:53:38 AM
#62
It's true that panicking when the Bitcoin price falls, it will only hurt us. Many people get scared when the Bitcoin price drops below the $ 50k price,
even though as we see the price of Bitcoin is now back to the price of $ 50k again. This proves that Bitcoin is indeed very well performing, seeing
the strength of Bitcoin resistance price at $ 50k. It's a good thing if finally the $ 50k resistance breaks through, because surely the Bitcoin price
will soon rise even higher. It could even hit a new ATH at $ 60k in the next pump.

Well, I don't think it really hurt us but I supposed to think about an opportunity to buy at a cheaper price since these panic sellers will dump their Bitcoin in desperation. They don't think about the losses anymore because what is in their mind is to sell it no matter what it takes. That badly it takes and they will just realize later when the price rises again that they are wrong.

But even we have this scenario has often happened, many we're still not learning this and they keep doing it again and again until the next drops.
sr. member
Activity: 1666
Merit: 268
February 24, 2021, 08:30:28 AM
#61
It's true that panicking when the Bitcoin price falls, it will only hurt us. Many people get scared when the Bitcoin price drops below the $ 50k price,
even though as we see the price of Bitcoin is now back to the price of $ 50k again. This proves that Bitcoin is indeed very well performing, seeing
the strength of Bitcoin resistance price at $ 50k. It's a good thing if finally the $ 50k resistance breaks through, because surely the Bitcoin price
will soon rise even higher. It could even hit a new ATH at $ 60k in the next pump.
hero member
Activity: 3164
Merit: 675
www.Crypto.Games: Multiple coins, multiple games
February 24, 2021, 06:12:24 AM
#60
Bitcoin has broken its highest record so there is nothing to panic about even if the price goes down. It's new time to invest if prices go up those who will invest now will have a new chance to make a profit due to some bad news in the market, is going down but if it continues to go u the current price may go up it's a good time to invest and not panic.
What bad news? I did not hear about it but its perfectly timed as always.
I think whenever price goes down, that is due to some news, it could be a news we all hear about or it could be just some whale going away, I have seen nearly 5 billion dollars unlocked from a wallet and that is a big deal, maybe it was all about that. Let's be honest if the price goes from 58k to 53k from a huuuuge whale selling their coins, that will always be followed by other people selling because they are scared as well and they will make it go under 50k just because of that.

It is something like that right now, some whales got out and just because they got out we have to watch these morons thinking bitcoin is somehow dropping so they sell where in fact it drops because they sell in the first place, and there is nothing we can say to them about not selling because everything is okay. Bitcoin was the bitcoin 5 months ago when it was 20k, it was the same bitcoin a week ago at 60k and it is the same now that it is under 50k, nothing really changes.
copper member
Activity: 1815
Merit: 1004
PredX - AI-Powered Prediction Market
February 24, 2021, 04:58:33 AM
#59
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

Bitcoin is unpredictable yesterday when price of bitcoin dropped to 45k$ people started selling their coins, they were thinking that bitcoin will go to its lowest price again but it was the technique of big traders they dropped price create panic and buy coins at lowest price now price increased almost 6000$.
hero member
Activity: 854
Merit: 506
February 24, 2021, 03:42:40 AM
#58
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
legendary
Activity: 2534
Merit: 1338
February 24, 2021, 02:05:11 AM
#57
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.

You will only panic when you buy at its all-time high then market crash, I don't see this happening sooner, but taking a precaution is always recommended the memory of 2017 is still fresh and many investors lose their investment or sold at a loss, it's something we should consider when looking at the market and planning to buy.
I think we all have memories of that crash and we learned our lesson, which is why I really think this in part can explain some of the behaviour that we see in bitcoin at the moment, we are seeing very quick corrections when it comes to the price, and I think this is because people have not forgotten what happened back then so whenever there seems like the price is going down everyone begins to sell as quickly as possible because they get in panic of losing their money, but then when that panic is over we see a quick recovery as it is clear the price was not really crashing and it was just a correction.
legendary
Activity: 3528
Merit: 7005
Top Crypto Casino
February 23, 2021, 12:45:37 PM
#56
I panic when I see txn fees lately Cheesy
Yeah, that's kind of the sucky part of bitcoin rocketing to the moon--you have much less incentive to spend or send it to other wallets.  Crazy how high the fees are.

Whatever happened to Kwukduck?  Anyone remember him?  He was always so bearish when bitcoin was rising and I always thought it was amusing how wrong he'd be--and then he just disappeared.  Maybe he finally figured out that bitcoin is no joke as far as being an investment and went long on it.  If he did, I doubt he'd report back here telling the community about his change of heart.

Oh yeah, and don't panic now either.  Bitcoin dropped about $10k in the past day or so if I'm not mistaken, and I'm sure that scares the hell out of some people, but for the rest of us who've been watching it for years it's just business as usual.
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