Don’t Panic II - page 5. | Bitcointalksearch.org

arufox

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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.

I don't panic if I hold Bitcoin, market correction is normal. I also buy many altcoins and all are dumped because of correction but i enjoy it. I will keep HOLD my asset and never cut loss because this action will give me regret. And I try to buy at cheap price.

Panic only for people who don't have/less the knowledge or weak mntality

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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.

Im seeing the other way around on where it did make out some rejection which did really make the price a little bit down but now its trying to cling back up.
The market is trying to break out that resistance and lets see if it would succeed or we would see some serious correction after how many tries?
These times are the most exciting if we do really see the market is trying out to break a certain resistance on where everybody is anticipating.

wheelz1200

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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.

Lol there definately could be a sell off and there definately could be a rise straight to 60k next. Point is who knows if you cant lose the only you have in then crypto isn't the answer. I agree with you dont...never panic. Ypu make irrational decisions on selling low and buying high when you panic either way.

STT

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Its a short term move and very hard to call and even if you are right the total volume is nothing compared to what bought us here but yea maybe we revise lower prices but Im not sure if its really especially lower or just mildly.

Bit of a possible break here and its only really confirmed if it cant bounce one more time from this line where price is now 48k or so The lows are always more reliable then highs to call, its bouncing on this point and if tested too often it does suggest a lower price occurs as people just stop buying into this point.

2 day average move to weekly average just below and thats probably where its more important how it resolves. The last two pin candles there, notable action is Japan prime time or that time line at least I just say Japan in presuming they are the richest more tradable country.

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Quote from: AB de Royse777 on February 16, 2021, 09:25:52 AM

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

So yeah, don’t panic.

How about BTC is going down all the way below $10k? :-P

/s

I think this is not gonna happen, we all stronger rather than in the past, so below $10 is non-sense. Maybe my opinion is not gonna happen but everything is possible for crypto, Bitcoin. And if this happens, I will buy as much as i can.

Dave1

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Yeah, I'm watching it like 4-5 hours ago when it reaches $50k and even higher and then suddenly $1k drop, LOL. But I said maybe there were a lot of longs being liquidated at that price or the usual trading bots doing their thing. So I'm not surprised though, sooner or later that $50k will be broken again and again. No need to panic, we are still in February lots of thing can happen. And I doubt that it will go down to $30k though, investors knows that we are on the way to 6 digits this year, so the moment they see a good opportunity to buy at $40k, they will do it right away.

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Quote from: AB de Royse777 on February 16, 2021, 09:25:52 AM

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

So yeah, don’t panic.

How about BTC is going down all the way below $10k? :-P

/s

I would welcome it... if it immediately bounces back to $30k Cheesy

Buying cheap Bitcoin and then tripling the dollar value in a day... sound like heaven! So, Don't Panic II!

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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.

oh yeah, I like the slogan "buy the Dips"

Dips (market corrections) are Bitcoin's best art. Bitcoiners must have seen this phenomenon many times.

Panic when dips = beginners with no basic experience and only buy Bitcoin from Elon musk tweets "lol"

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

And with the way it happened, dunno..

There was nothing unique about the price movements imo. Resistance levels are expected at certain price amounts; this could partly be due to psychological effect of breaking above a new milestone.
Over the next couple of days, we would likely see Bitcoin test the $50k level before eventually breaking through or correcting slightly.

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

I’m getting a vibe like there’s gonna be a huge sell down back to 40k coming.

Could create an opportunity for a short, that's if you'll make financial decisions off a "vibe"

BrewMaster

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they have been trying so hard to push the price down over the past 2 months and have been loosing money in the price just as long since the failure to bring bitcoin down is hard and the money lost in the process is bitter.

part of the $50k resistance is because of the psychological nature of round numbers in bitcoin. it may sound hard to believe but each time we reach such round numbers (1000, 10000, 50000) we see people sell a lot for no reason at all.

the buyer's power is too strong to bend to the will of some panic sellers though.
so yeah, don't panic buy when price shoots above $50k and suddenly reaches $65k try buying now that you are calm and price is still low.

jossiel

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That was just a glance of $50k and that's what happens most of the time. We get a glance and after a couple of days, it will go back and becomes stable.

Yup, no need to panic. Bitcoin as usual, resilient.

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

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.

Let it happen. The less weak hands in the game, the better for Bitcoin.

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

So yeah, don’t panic.

How about BTC is going down all the way below $10k? :-P

/s

tokeweed

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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.

Topic: Don’t Panic II - page 5. (Read 778 times)