Don’t Panic III | Bitcointalksearch.org

Wilhelm

legendary

Activity: 1652

Merit: 1265

Quote from: Ridwan Fauzi on March 10, 2021, 06:06:48 PM

The dump that happen in two weeks ago it was just a correction, if you use weekly chart time frame then you will see when its price touch the 61.8 fibbonaci ratracement its price just find a huge increase and as we can see until now.

Also, a few days ago the stimulus from US government has been issued and some instutional companies has also added their capital to buy bitcoin. This is what will make bitcoin price touch $68.000, yeah I have a prediction that bitcoin in a few days ahead will touch $68.000.

Post the graph. Sounds interesting

Ridwan Fauzi

full member

Activity: 1330

Merit: 147

The dump that happen in two weeks ago it was just a correction, if you use weekly chart time frame then you will see when its price touch the 61.8 fibbonaci ratracement its price just find a huge increase and as we can see until now.

Also, a few days ago the stimulus from US government has been issued and some instutional companies has also added their capital to buy bitcoin. This is what will make bitcoin price touch $68.000, yeah I have a prediction that bitcoin in a few days ahead will touch $68.000.

fullhdpixel

hero member

Activity: 2828

Merit: 611

Quote from: arwin100 on March 10, 2021, 03:24:58 AM

What happen way back 2018 is pure bubble since there's no strong foundation or adoption to rely on but things became different by this year so I doubt we can experience that the same dilemma since big players are now in the industry we have so many things to hold on so if those big players are still intact on crypto's we can say that this current growth will continue and there's nothing to worry about those dumps since nowadays its so normal.

That's true, it is not like today, it wasn't anywhere close to this situation and that is why I think we care about what is going on this much, it is obvious that we can't really make it work without those huge companies these days, but the reality is that they can't keep buying constantly to get richer without dropping a bit and buying from there neither.

So, right now we are in a situation that is nowhere near that 2018 level, we are in a situation that is brand new, we are living in a period where we may never fall down again as long as these huge companies make that profit back and keep buying and thinking it's good. Plus I have realized that the more money you have, the easier it gets to make money as well because you can actually make sensible amount of money, people with 100 dollars could make 5x of their money and it would still be just 500 whereas these companies make billions, that is a lot of money even for them.

buwaytress

legendary

Activity: 2968

Merit: 3684

Join the world-leading crypto sportsbook NOW!

Quote from: Renampun on March 09, 2021, 12:54:02 PM

*I dream every night that I can buy Bitcoin at the price of $ 10k/coin again 'lol'...
right now the Bitcoin price will be very difficult to get below $ 30k. which panic at this time is the small traders and miners who sell their mines. I still hodl a few satoshis for long term investment.

I know it's almost challenging destiny or however you want to call it haha but yeah, in 2020 I was just praying for so long that sub 10k levels would stay as long as possible. Even when we crashed to 3k I was fine, I mean psychologically I'd been mentioning long ago my mind priced BTC at $4k, for some reason. And it was only in 2020 mid onwards that I was ready to up that mental barrier to 10k so that's my new "worst-case scenario price" right now.

Dave1

hero member

Activity: 1414

Merit: 542

Quote from: arwin100 on March 10, 2021, 03:24:58 AM

Quote from: dimonstration on March 08, 2021, 01:59:37 PM

Quote from: Oceat on March 06, 2021, 12:07:12 PM

It's just normal to assume that there are people that would totally panic with the situation of the market today because they would think it's like the 2017 vibes or they just don't panic but rather getting profit above of what they have invested. Either way it's still in a highest price right now so I guess weak hands are the ones selling and starting to panic.

Many were still horrified in 2018 continues dump but they shoul already stop doubting since this year adoption really happens unlike in 2018 it’s just pure speculation, nowthere are companies who can back up or who might try to add more investment or companieswho might accumulate more during this dump.

What happen way back 2018 is pure bubble since there's no strong foundation or adoption to rely on but things became different by this year so I doubt we can experience that the same dilemma since big players are now in the industry we have so many things to hold on so if those big players are still intact on crypto's we can say that this current growth will continue and there's nothing to worry about those dumps since nowadays its so normal.

Yep, bitcoin's narrative has change in 2020, yes, still a speculative asset, but it become a hedge to companies balance sheet. So that alone is a good foundation because those companies are not going to sell at profit unlike speculators, but rather would hold bitcoin for years.

As other mentioned, dumps are just normal cycle in crypto, and we shouldn't panic and understand that it's fairly common event.

arwin100

hero member

Activity: 2632

Merit: 787

Jack of all trades 💯

Quote from: dimonstration on March 08, 2021, 01:59:37 PM

Quote from: Oceat on March 06, 2021, 12:07:12 PM

It's just normal to assume that there are people that would totally panic with the situation of the market today because they would think it's like the 2017 vibes or they just don't panic but rather getting profit above of what they have invested. Either way it's still in a highest price right now so I guess weak hands are the ones selling and starting to panic.

Many were still horrified in 2018 continues dump but they shoul already stop doubting since this year adoption really happens unlike in 2018 it’s just pure speculation, nowthere are companies who can back up or who might try to add more investment or companieswho might accumulate more during this dump.

What happen way back 2018 is pure bubble since there's no strong foundation or adoption to rely on but things became different by this year so I doubt we can experience that the same dilemma since big players are now in the industry we have so many things to hold on so if those big players are still intact on crypto's we can say that this current growth will continue and there's nothing to worry about those dumps since nowadays its so normal.

rodskee

full member

Activity: 2520

Merit: 204

Quote from: tokeweed on March 05, 2021, 05:15:49 AM

From the looks of it at the hourly from March 3, 8:00am ET to now, there’ve been dumps followed by small pumps making lower lows and lower highs. And I noticed the sell downs have been starting mostly around 8:00am - 10:00am New York time, 8:00am - 10:00am London time and 8:00am - 10:00am Hong Kong time...

Right now it’s around 6:00am New York time. In a couple or so hours another sell down taking BTC below 45k - 46k could take place.

I did Panicked when the price drops down to 43k recently and i can stop my self from thinking bad so i sell out my Bitcoin and 2 of my altcoins.
This is the most stupid thing that i made because after selling now the price climbs up to 54k again and i can't find way to re enter.
Sometimes panic selling is really a stupidest thing we can do in this market , try to avoid at any cost unless you are in badly need of money specially in bitcoin investment.

maxreish

sr. member

Activity: 1330

Merit: 326

I haven't been affected with the recent market dump. I mean, if you have enough experience and has been a long term holder, those panic movements, suddenly sideways are just normal. If a particular long term holder and at the same time trader knows for sure where the coin will gonna go (whether up or down), you can not be affected with those small dumps.

And panic traders (sellers and buyers) are already part of the community, without them there wouldnt have some corrections and recovery phase in the market.

TravelMug

hero member

Activity: 2632

Merit: 833

Quote from: BrewMaster on March 08, 2021, 12:56:51 PM

the panic already happened and is already concluded too. despite all the warnings people panicked again too Cheesy

Isn't it funny and ironic at the same time, and maybe the only reason that it always repeat itself its because there are newbies who enter late in 2020 and thought that the price will go on parabolic rise, (similar to 2017 and early 2018).

Quote from: BrewMaster on March 08, 2021, 12:56:51 PM

right now we are experiencing another accumulation that price keeps going up and down playing around the $50k level. we've seen this many times in the past 6 months alone and we have to get used to trends like this because they will repeat a lot more until the end of 2021.

We might see another all time high before the end of the month, when we see the price trading sideways, that's a good side that it's accumulation time again. Now it's another rally and probably be seeing $60k for the first time.

Wawa2013

sr. member

Activity: 1666

Merit: 268

Since TESLA decided to invest in Bitcoin and many other institutions investing in Bitcoin. Finally, the performance of Bitcoin is very extraordinary,
even the increase in Bitcoin this year is very much different when compared to what happened in 2017. Therefore, even though there was a correction
in Bitcoin, it recovered much faster. So don't panic if you see the Bitcoin price correction, proven a few weeks ago Bitcoin correction to the price of
$ 45K, but not long after the price can go up again now at the price of $ 53k.

Hippocrypto

sr. member

Activity: 1484

Merit: 277

Quote from: Renampun on March 09, 2021, 12:54:02 PM

Quote from: buwaytress on March 05, 2021, 05:39:05 AM

but toke, if people don't panic, how am I going to get my 20k BTC again? *whine whine* My last two sells coincided with the dumps too, unfortunately haven't sold anything above 50k (don't be mad bro, just my bills and stuff).

Judging from journalist queries waiting for responses now, editors are also keen to see if the "bear is here" story's got legs left.

*I dream every night that I can buy Bitcoin at the price of $ 10k/coin again 'lol'...
right now the Bitcoin price will be very difficult to get below $ 30k. which panic at this time is the small traders and miners who sell their mines. I still hodl a few satoshis for long term investment.

It's not impossible for our dreams, let's hope we will able to buy cheaper bitcoin in the future and get enough profit. For now bullrun was still presently performing an amazing record. Time comes for a reversal and I had a visionary that when bearish market happens again, more traders will accumulate their asset and purchase bitcoin quickly. Because if that opportunity will provide more chances to late investors, bitcoin will pump 10x of its present value.

Questat

hero member

Activity: 2982

Merit: 610

Quote from: Renampun on March 09, 2021, 12:54:02 PM

Quote from: buwaytress on March 05, 2021, 05:39:05 AM

but toke, if people don't panic, how am I going to get my 20k BTC again? *whine whine* My last two sells coincided with the dumps too, unfortunately haven't sold anything above 50k (don't be mad bro, just my bills and stuff).

Judging from journalist queries waiting for responses now, editors are also keen to see if the "bear is here" story's got legs left.

*I dream every night that I can buy Bitcoin at the price of $ 10k/coin again 'lol'...
right now the Bitcoin price will be very difficult to get below $ 30k. which panic at this time is the small traders and miners who sell their mines. I still hodl a few satoshis for long term investment.

Bitcoin price is even moving higher this time, I expecting people will be in a panic when the dumps had shown up but they keep buying and holding causing the price to rally more. I don't see any panicking now, people have their faith in Bitcoin.

Maybe, it was hopeless to see Bitcoin price getting back to $10k again. The price keeps surging high, we are expecting the dump to come out after reaching the new ATH but the trend came different, we are even more moving forward.

Renampun

sr. member

Activity: 2338

Merit: 365

Catalog Websites

Quote from: buwaytress on March 05, 2021, 05:39:05 AM

but toke, if people don't panic, how am I going to get my 20k BTC again? *whine whine* My last two sells coincided with the dumps too, unfortunately haven't sold anything above 50k (don't be mad bro, just my bills and stuff).

Judging from journalist queries waiting for responses now, editors are also keen to see if the "bear is here" story's got legs left.

*I dream every night that I can buy Bitcoin at the price of $ 10k/coin again 'lol'...
right now the Bitcoin price will be very difficult to get below $ 30k. which panic at this time is the small traders and miners who sell their mines. I still hodl a few satoshis for long term investment.

chikading2016

member

Activity: 949

Merit: 48

Quote from: CaVO32 on March 08, 2021, 04:53:30 PM

Quote from: goaldigger on March 08, 2021, 04:45:36 PM

Quote from: dimonstration on March 08, 2021, 01:59:37 PM

Quote from: Oceat on March 06, 2021, 12:07:12 PM

It's just normal to assume that there are people that would totally panic with the situation of the market today because they would think it's like the 2017 vibes or they just don't panic but rather getting profit above of what they have invested. Either way it's still in a highest price right now so I guess weak hands are the ones selling and starting to panic.

Many were still horrified in 2018 continues dump but they shoul already stop doubting since this year adoption really happens unlike in 2018 it’s just pure speculation, nowthere are companies who can back up or who might try to add more investment or companieswho might accumulate more during this dump.

Many used that history as their basis and that’s why many are panicking. If we’re going to analyze the current price of Bitcoin, we’re back to $51k and if we are able to break the level of $52k then we might go back to the peak again which invalidate the analysis of OP. There’s a huge chance for us to see the up trend again, we’re not on a bearish trend yet.

The situation that we have today is very different as compared to previous years. Right now, these financial institutions that keep on spending their money on bitcoin have good plans why they are into this market. I don't think they have short-term plans here. And look at companies like PayPal which finally accept crypto in their payment system. I don't think they are here for just short period of time. The up and down movement is just normal, but I don't think bitcoin will be dumped hard this time. The adoption this time is very different as compared in the last decade of bitcoin.

I agree on that bitcoin is now becoming more great and slowly become a part of our life many company's are nlw accepting bitcoin as payment, so this is really a big difference from the past. So there is a big posibility that bitcoin will not fall too deep right now.

carlfebz2

hero member

Activity: 2926

Merit: 722

DGbet.fun - Crypto Sportsbook

Quote from: dimonstration on March 08, 2021, 01:59:37 PM

Quote from: Oceat on March 06, 2021, 12:07:12 PM

It's just normal to assume that there are people that would totally panic with the situation of the market today because they would think it's like the 2017 vibes or they just don't panic but rather getting profit above of what they have invested. Either way it's still in a highest price right now so I guess weak hands are the ones selling and starting to panic.

Many were still horrified in 2018 continues dump but they shoul already stop doubting since this year adoption really happens unlike in 2018 it’s just pure speculation, nowthere are companies who can back up or who might try to add more investment or companieswho might accumulate more during this dump.

You are right!

This isnt something that we have seen back in the past but we cant really remove or get rid of that probability when it comes to those kind of chances of possible market crash because
there would be always that time where huge sell-off could really happen no matter how strong the adoption is.

People should learnt that we wont really be crashing out that easily compared into those previous years that we had experienced.I cant blame them though because that one
could really make or create some trauma specially to those who get wrecked badly.

Those candle images above of Op with having that presumption of pump then it did really happen.Those red candles didnt go deeper.

CaVO32

full member

Activity: 1848

Merit: 158

Quote from: goaldigger on March 08, 2021, 04:45:36 PM

Quote from: dimonstration on March 08, 2021, 01:59:37 PM

Quote from: Oceat on March 06, 2021, 12:07:12 PM

It's just normal to assume that there are people that would totally panic with the situation of the market today because they would think it's like the 2017 vibes or they just don't panic but rather getting profit above of what they have invested. Either way it's still in a highest price right now so I guess weak hands are the ones selling and starting to panic.

Many were still horrified in 2018 continues dump but they shoul already stop doubting since this year adoption really happens unlike in 2018 it’s just pure speculation, nowthere are companies who can back up or who might try to add more investment or companieswho might accumulate more during this dump.

Many used that history as their basis and that’s why many are panicking. If we’re going to analyze the current price of Bitcoin, we’re back to $51k and if we are able to break the level of $52k then we might go back to the peak again which invalidate the analysis of OP. There’s a huge chance for us to see the up trend again, we’re not on a bearish trend yet.

The situation that we have today is very different as compared to previous years. Right now, these financial institutions that keep on spending their money on bitcoin have good plans why they are into this market. I don't think they have short-term plans here. And look at companies like PayPal which finally accept crypto in their payment system. I don't think they are here for just short period of time. The up and down movement is just normal, but I don't think bitcoin will be dumped hard this time. The adoption this time is very different as compared in the last decade of bitcoin.

goaldigger

sr. member

Activity: 2422

Merit: 357

Quote from: dimonstration on March 08, 2021, 01:59:37 PM

Quote from: Oceat on March 06, 2021, 12:07:12 PM

It's just normal to assume that there are people that would totally panic with the situation of the market today because they would think it's like the 2017 vibes or they just don't panic but rather getting profit above of what they have invested. Either way it's still in a highest price right now so I guess weak hands are the ones selling and starting to panic.

Many were still horrified in 2018 continues dump but they shoul already stop doubting since this year adoption really happens unlike in 2018 it’s just pure speculation, nowthere are companies who can back up or who might try to add more investment or companieswho might accumulate more during this dump.

Many used that history as their basis and that’s why many are panicking. If we’re going to analyze the current price of Bitcoin, we’re back to $51k and if we are able to break the level of $52k then we might go back to the peak again which invalidate the analysis of OP. There’s a huge chance for us to see the up trend again, we’re not on a bearish trend yet.

justdimin

hero member

Activity: 3164

Merit: 675

www.Crypto.Games: Multiple coins, multiple games

Quote from: gabbie2010 on March 08, 2021, 01:29:07 AM

That analysis by the OP sum it all, it is indeed an eye opener for dumpers to hodl and avoid panicking with so much ground to covered by the price this year all the corrections experienced by the price this resulted to massive recovery of the price and I believed the bullish runs of the market will linger on till the end of year even now that the pandemic is being well managed so let us keep hodling to earn decent profit later in the year

It will always be faced with recovery from now on because the reality is that when the price goes down, there are people with millions even billions of dollars that see it as discounted price and buy it because they know in the end bitcoin will go up. Before this year we had regular people like you and me who bought and sold bitcoin, when we had money we bought bitcoin but when we needed money we sold it, there were of course traders who bought and sold during that period as well, it was just something that was limited.

Right now, we are in a level where corporations who have billions in cash that put some of its cash into bitcoin, not like they will ever have no money, they always grow their cash reserves because they make so much profit, whereas we are in a situation where we make a profit because they are putting just "some" of their money into crypto. This is going to change a lot for the world for sure.

dimonstration

hero member

Activity: 2744

Merit: 702

Dimon69

Quote from: Oceat on March 06, 2021, 12:07:12 PM

It's just normal to assume that there are people that would totally panic with the situation of the market today because they would think it's like the 2017 vibes or they just don't panic but rather getting profit above of what they have invested. Either way it's still in a highest price right now so I guess weak hands are the ones selling and starting to panic.

Many were still horrified in 2018 continues dump but they shoul already stop doubting since this year adoption really happens unlike in 2018 it’s just pure speculation, nowthere are companies who can back up or who might try to add more investment or companieswho might accumulate more during this dump.

BrewMaster

legendary

Activity: 2128

Merit: 1293

There is trouble abrewing

the panic already happened and is already concluded too. despite all the warnings people panicked again too Cheesy

right now we are experiencing another accumulation that price keeps going up and down playing around the $50k level. we've seen this many times in the past 6 months alone and we have to get used to trends like this because they will repeat a lot more until the end of 2021.

Topic: Don’t Panic III (Read 452 times)